Newspapers / Asheville Citizen (Asheville, N.C.) / Oct. 6, 1896, edition 1 / Page 3
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Tuesday Evening, October 6, 189B. THE ASHEVILLE DAILY CITIZEN. 00V. ALTGELD ON FINANCE. ICC.Nri.M KK KKOM VESTEBBAY. iTK-m V. oul.l Not Fu at Once. tf-lN iih tl.nt if tho deiiiorm- t ' .it I'HI of . Imt- iuiil i.nj-tlilDK t with th' fall ill I i in. i 1 1 -1 . 1 1 i -t.iN'lln'Ilt i. i cr tln-n tho fall should have V. I ,i.k Vim t) I'nlLsiil. r tlmf ' --er.t uuii then (ell ,no uot c ir.tr:iry to tie iinivora i w )n-l lnl it J trrii 1 1 mankind, owm-ra of prop. . i-ty dn imt . cci'in li.wt-r pricos uiiril they ..l.liKi-il i ,. So muter what catinc nuty i..' ii r.iiu ji tiiritiut-o pri'tti, owiit-rx of prniDTty h..!i. it up Idiik as tiicv uai:. Ilii yhiihl il up until the h-hts prc--.a t'Kf I, anl mid tl - strain . t ; l:,Hnm. when ''' ' i't'l'i'l to li t it k. Sotlatthd d.cliiii' in i.,;vT instant, and iu tin -very n .tiiri' of V. !nH rum -mdiwliv. tr.a akiT It'll I TS (.-ivlti:- .V IV hrt ;: (1 t:-. -mnit'i r li.il-liny mil 'till the 1U. i't.i tn .-, -ihrr was i.'.t is'.moi.i- i:-tl Iy;.!l,.i !' imitrioM itt oiict,. (icriuauy 'wt Ik.t l.-.re t uv.ird dri '.otxtiatii.n in Is71. hut did i inu-t h ! law until 1 Our Rovm. ""' actitl iii In?:!. TliP.trlitT -itl'nrt M I .wed later. Ilullaril ;.i i.d in IhT."), Iius--: i in 1715. and AiiKtri.i did i:nt ado; t it u"ild standard until ls7'.'. It in true t'li::t . a in to the- fart thi.t rt-rina:;y, Ir..ly and r"ini' utli(r ciiuntii'-H div.v ln-avilv i,m,n tlii- prln'rlj nl ff"ld iin:rk.-t of tnr w.-rltl, v. didi Is Ia inlon, there wciv st-i-l-nif, tary disturl aiiitw in L union and win to t.r ti'ins of K.irope almost every car altiT 1n7:I, and price, and t-iitwi"iieinly hii-nc-N', were sericiu.-lv tiftc: ted in Kuroju iliiriiiii t hi:- year. All of the h-ailiiii.. linan ri tl writers of Kni;l,uitl refer to th' . fact, arid, although they insist on tiuiliit'iininK 'f fold standard for Knland because -lie is a creditor nation, they Ktt ri I mte this fail in prices, this dlsturlianci; in business, lo the acts of tho ffovcrnnieiifs of Kurope m strikiitK down silver hy law and estab lishing a (old standard because these acts of Kovernment affect the supply anil ilu inatid. Supply ami Keiimuil. By destroying silver they reduced the supply of money in tho world. ISy adopt ing " gold standard they increased the de mand for (old. lit our country there were a number of reasons why the, demonetiza tion of silver was not immediately lelt. first, the Kovernment had between iMiii and lHliil reduced the volume of piiMi iiinney wo httd in this country, which was all the money we had, from 1 ,lVpi,iion,u, m mid down to less than f n.(iii,oiio,hio and had issued bonds instttatt. This n iluciion In the volume of money then in circula tion in our country was followed by a cor respondliiK fall in prices which had been based on the former volume of paper luou- I'anio of ikt:i. The fall was so (treat that debtors were unable to meet tho debts which had Itecn cunlraoted on the basis of prices formerly prevailing, and the panic of lsT;i followed as a necessary result of that, liy issuing morn honds the government nut coin, and we resumed what were called specie pay ments. Ititlunrp f Trade uml lnert-une of Money. When we lietan to rally from the panic of IMT:), Kuropo was feeiin the effect of tint demonetization of silver, but in our country wo found that the balanceof tratlt between us and . Ktiropo toward lHsilwas (treatly lit our ftvvor, so that according to the treiisury tables there wero added to tho volume of toney In our eountry from that sourio several hundred millions of dollars. Our (old mines wero productive clurlutf that time, and t hero was a largo aitditiiin to jiur circulating inediimi front tliat source. Then the island Allison act, which pari iaily restored silver, was rnaot cil in IsTS and reipdred tho secretary of tho treasury to coin not less than fj.drxi, iioi I nor iiuiin than l,0OU,uou per month. I he effect of this was to add anywhere In. Ill IHHI,IM)'lt.$N, 000,000 HT Vl'lir tl) our currency, and thus helped to keep up prices. 1 he increase in the volumoof mon ey in our country according to the treas ury tables, during these years was so great that prices and wages rose corresponding ly from what they had Ih-ou ufter tho pan Icot ls7;i. Hut those causes were local it id ilul not last, and in t he course of a ft v years the general depression which had already spread over F.urope, following tho ilctui.net i.ation of silver, began to spread owTour country, anil from that time on has become more and more intense. Kirect of falling Triers. Both Mr. Si-bur and Mr. Cook ran treat the win ile s ibj,rt of falling prices as if it Were simply a sera., -bio between different oitions--hct ween seller and buyer. If this were all, then the matter would not be of such transcendent and farreachiug impor tance and would not so directly alTect tho welfare of t he whole people. Noit her grasps the great principle that falling prices tlrst disturb business in its entire circle ai'd affect the property of both rich and poor, and that when prices go very low they do utroy the purchasing power of the great producing and farming classes, and that this destroys what we call the home nur hot and forces manufacturing establisii int'lits to !iiii down, because there are n il Hiijtliciont buyers to take what they make, ahtl thus fortes labor into idleness and destroys t he pu rchasi ng p. cr of labor and produces iv general parTrly sis in the land. No mal ter w hat may lie the cause of fall ing prices, their effect upon the commu nity is more than a mere s ramble be tween buyer and seller, and here is w hero all mlMicatesof tbeg.dd standard fail to rise to the occasion, fail to moot the re tUiroiucnts ot -4ho case. Their treatment of this ipiestimi I, almost Uippaiit, l'r.'ibi. Ulu uml l'rice .r Wheat. In attempt leu to account for the fall in prtiv of property, Mr. M hur. selects wheat us an illustration, and he attempts to show Hint there has Uvu a great iticro.-iso In the annual production of wheat; that we have not only oiH'ned the whole northwest, which is ipli'dui ing wheat, but that our farmers havo to compote with the wheat of India, Argentine Kcpuhlie and of Kus Ma, and ho assumes that therefore the price of wheat had to fall. There are three things to be said in answer to this. First, increase m production tines not produce it fall in price pnixiilod them is an otpial in crease in coiisumi tion. i'tis is sell evl dent, inn! M-. (iilToii, the stjitistioian of the liriiish boafl i f tnido, has, on differ ent occasion , pot r totl out that for more than 15 yens prior to 17'S tho incroaso in tho protlui tiou of nearly all eonniKHlitios in tho world had Uvn greater on the aver age-, j ear h year, than tho increase luis Uvn in any voir since ls7:i, and yet, as ho says, during till of those years prior to 1S7.'I prices kept constantly rising, not withstanding the enormously increased production, while since 1 :i prices have licon steadily falling, notwithstanding tho fact that tho increase was not as great as it formerly was. The second observation is that wheat has not fallen in price tiny mom than all i 'the coninii ditios. It litis fallen no mom than all property ha fallen; hits fallen no lii'iretuan wages. It Is not contended that Hiissia, Imlia'nnd the Argentine Hopublic have entered Into competition in the pro duction of all other products which our i imple put ujMjn the market. Tlioso twu points show that Mr. Schurz li entirely v-roug in his theories. The third observation Is that ho is entirely wrong in his facts. : i ho truth is that then has been scaret lv any Improvement iu machinery for raising mid harvesting wheat in the last fars.and the statistics show tliat thers hat lieen very little itu-roa.su in tho produo tmti ,,f whwit in tho 1'nited htates in that o,.e Mow U raised in the northwest It is true, but very miicu es is raistou , ceninu ana eastern states. I liave en deavored to get the most reliable data 0.1 this question from the reports of the vari ous boards of trade and the govern nieut reports, which am recognized as tiie high est authority obtainable on this subject. The government reports show that tho wheat crop for l,x7H was more than 420,000,000 bushels, and that for the year 1896 the crop does not exceed 400,000 000 bushels. In fact, if the increase in popula tion is considered, the wheat crop has con stantly grown less in proportion to the consuming population ever since 1878. The wheat crop ttf this year is about 56,000,000 bushels short of what the aver age has been since 178 and is 20,000,000 busltels less than it was that year, 'tv, thaw in spite of the opening of the' new fields in the northwest there has teen no greatlv increased production of wheat in this coun try, and when compared with the consum ing population thorn has been an actual falling off; yet. SO years ago the price of wheat was more than twice what It is now. Again, In referring to the foreign wheat he endeavors to make tho impression that there has been a groat increase in produc tion, and artfully selects a recent year of the highest production and compares that with an earlier year having the lowest pro duction. The fact is that the world's wheat crop has remained substantially the same for 1(5 years. In 1880 the-world's production of wheat was 2,280,000,000 bushels. In 1885 it was 2, 108,000,000 bush els, anil that was the lowest crop of a number of years. In 18115 the crop was very large and amounted to 2,553,000.000 bushels. This year the world's production is 120,000,000 bushels less than hist year, and tho total production of the world is smaller than it has lieen for six years, yet wheat is lower than ever before. In addition to this tho crop of rye, which, together with wheat, furnishes the bread of the world, is 170,000,000 bushels short, yet in spite of that fact Uie price of rye has fallen steadily with that of wheat. It may also be re marked that we have the smallest oat crop that wo have had for a great many years, and yet oats are worth loss than one-half what they were several years ago. Now, why is it that with the wheat crop of the world 120,000,0011 bushels short and the population increasing enormously, the rye reached 1 70,000,000 bushels short) the price crop has tho lowest point that it has ever reached in the history of tho country? Purchasing Power of Money. In order to get a more comprehensive view of tho whole subject lot us see what are the fundamental laws governing 11 Hit nee. There are two theories at present ad vanced in regard to the purchasing power of money; one is what is called the cost of production theory, under w hich supply and demand have but little influence, and the other may be called t he quant itative or vol ume of money t heory. This theory is based upon tho law of supply and demand. Cost of Production Theory. Tho cost of production theory has leon seized upon by tho gold standard advo cates of this country and is used as the ba sis of their arguments. It simply means that it takes on tho average a delinite amount of labor to produce a gold dollar, and it is the cost of this labor, tho average cost of producing the gold dollar, that lixos its purchasing power, and after the dollar is oneo in existence then its pur chasing power undergoes comparatively little change. It will always buy an amount of projierty that Is equal in value to the cost of proilucinir the irold dollar and tno question of supply and demand has hut little inliuence t hereafter upon this dollar. It is practically unchangeable and always the same, so say the advocates of me goia ttanaaru. ijnuer tins theory it does not matter whether money is plenti tul in tho land or exceedingly scarce. The purchasing power of the dollar will always be about tho same. It does not matter whether there are 1,000 men scrambling to get tno dollar because they must have it or whether there are only 10 men scram bling to get it. the dollar will remain practically the same. It will buy no more property when 1,000 men are strut gling U get it than it will when only 10 men are struggling to get it, ami of course it tins theory is correct then the demoneti zation of silver had no effect upon tho world s prices of products and property. If it is correct, you can wijie out one-half of tno money that now exists in the world, and it will not affect prices. Tho purchas ing power of the dollar being determined hy tho cost of production it continues to lie the same. I imagine I hear some man say, ' Why, that theory is contrary to the experience of tho whole commercial world.'' W '11, my friend, that makes no difference. Gold standard advocates don't cam about the experience of tho commer cial wurld. It is true that under this theo ry the gold dollar should havo liecome very cheap in recent years I ict-aiisc there is scarcely an industry, scarcely a Held of production in which such tremendous im provements have I uvn made as in that of trolil mitiintr. The labor wivinif m:Li.Mu.-.i& introduced in the last quarter of a century 111 this industry is equal to if not greater than that applied to farming. It is exactly the same as that applied to the mining of silver. It costs less on the average to mine a gold dollar now than it ever did before, and yet a gold dollar will buy twice the product and twice tho proierty that it did a quarter of a century ago. Let me say in regard to this theory that the great statesmen and giv.it financiers of Europe never entertained it for a moment. They brush it aside with the wave of their hand ami look upon it as being ridiculous. Volume of Money Theory. The other theory rests chiefly on tho law of supply anil demand. I'nder it the total amount of money In tho world forms the standard find measure of prices. When there is a large amount of money in circu lation among the people, prices are high; when money is exceedingly scarce among the people then prices am low. L'nderthis doctrine, if you wipo out one half of the world's money prices fall correspondingly on the average. If you double tho volume of t lie world's money, prices will on the average double; that is, the general tend ency will ho that way. Tho price of a' y particular article or piece of projterty will again bo affected by the law of supply and demand as rotates to it. The volume of money forms what may In- called the line for prices. It is horizontal if money is steady; it inclines upward if money is in creasing in volume; it inclines downward if money is shrinking in volume, and the general tendency of prices will bo to move along this line, but the supply ami demand In case of different articles will cause the price of those articles to from time to time either come slightly above or drop slightly Udow this line. This theory or law, like the law of gravitation in tho physical world, is iu harmony with and explains nearly till financial phenomena. When carefully studied, it will lie found running through all the centuries and pro ducing the same results every whore. I'n der this law the demonetization of silver had to affect general prices throughout the world that is, it had to lower the gener al level of prices. And this was the view which nearly all of the great statesmen and linauciers of Kumpe took of the mas ter at the time." But that is not alL Un der this law 9 men require more tr.0-.1sj than 1 nuir. 1,000 require more t!uv 50 da Iuc.-e&se of Population. In other words, as population increases them must bo a corresponding increaso iu the volume of money or th'"re will follow a practical shrinkage th.it is, there will lie less moncv per capita. I- or; nor It therr was added overt- year to til ) world's stock tf money nt-t only all of t':o fr.-.M, but c. if the silver, except what was used in th; irts, tne silver Wing i.hout equal to th old. This la a cisus'ro Itrjt pnto w'.t-, 1 uie increase in population, s.7ViiIt theln crease in population would not necessarily affect prices, bur now there is added an nually only the gold that is produced, less what is used in the arts. In other words, there is added only one-hnlf as much as there used to be, while the population is increasing as a more rapid mte than ever. The necessary consequence of this is and will be that if this gold standard is main tained prices must go on slowly and steadily fallinj; throughout all the years to come. Ho that the demonetization of silver tended not only to reduce prices and thus paralyze the enterprises and the in dustries of the world, but it also creates a condition wh ch must give us a slowly but steadily increasing paralysis. Checks, Drafts, Etc. It Is true that about 95 or 96 per cent of All our business is done by means of checks, drafts, bank notes and other sul stitutes fcr money, and that only about 4 or 5 per cent of our business is done in ac tual cash, and this fact has misled many men, and wo hear men argue that there is but little money needed; that other things have taken the place of money, and there fore it does not matter whether t.hr 4 j much money or little money. But these people lose sight of two things. First, that after all these checks, drafts, bank notes and other substitutes for money rest on money. Every one admits that you must have some money, even though it be a lit tle, to base these things on. No man has yet claimed that you can do away entirely with money and use these substitutes and get along. This being so, it necessarily fol lows that there is a limit to the amount of credit which a dollar can carry. That is, there is a limit to the amount of the drafts, checks and bank notes that can be based ujKin a dollar. If this wore not so, then if there were only one single dollar in the world all the business in the world could bo done on credits based on that one dollar. But there is a limit to it. Credit Bests on Money. The second thing that is lost sight of by those people is that the enterprise, indus try and business of the world is always so great that it exceeds the credit which a dollar can carry. In other words, the en terprise, the business and commerce of tho earth are always carried to the uttermost point possible. They load every dollar up with all that it can carry, and therefore when you strike out any "dollar from un der this load a certain part of tho load must come down. When the amount of checks or drafts is increased, does it not release a certain amount of money and cause it to Ho idla The enterprise of men will immediately reload all the money that is so released with every bit of credit it can carry. That is always tho condition of the commercial and manufacturing world in prosperous times. It therefore follows that when you reduce the amount of mon ey in the world under these conditions it is a much more serious matter than it would be if there were not these checks, drafts and other evidences of credit, le-t-auso you destroy not only the given amount of money, hut you pull down so much of the whole fabric of creditor busi ness, if you please, which has rested on that money. Ho when you increase the volume of money, you not only make It possiblo to increase the amount of busi ness in proportion, but you make it possi ble to increase tho business 20 times as much as tho actual Increase in money, bo cause every dollar of money will again be instant'y loaded with credits. Opening the Mints Will Increase Credits. Therefore wo say that opening the mints to silver will add to the stock of primary or legal tender money, and this will again be loaded with credits which will make possiblo an Increase of business 20 times as great as tho increase in money. We sometimes hear it asked, "How will you get that money into circulation, or what good will this increase in money do you if you have not anything to get it with, if you have no property or any collateral?" That question is purely American and shows that in some things at least wo aro yet now. How Money Will Get In Circulation. It needs but a moment's reflection to see that the additional money will get into circulation just as tho money that is in circulation got there, and that when men again coin silver bullion into dollars or get certificates for it, which are legal ten der, which can be used iu paying taxes, which can to used in paying duties at the custom house, which can be used in pity ing debts, they are not going to let that money lie idle, because it will not make it profitable any longer to have it so. Money will coaso appreciating in value then, and they will go to building houses, building shops, building railroads, manufacturing and doing business; they will start activi ty In 1,000 channels and 1,000 fields. That will bo the result. There will be an Im mediate, demand for brains and muscle. There will be an immediate demand for engineers, for skilled men, for clerks, for mechanics and for day laliorers, and in stead of laborers being obliged to tramp around over tho country in search of work which they cannot find they will bo sought for at their homos and requested to come j over and go to work. Tho man who has nothing to sell except his muscle will find a market for that muscle. The man who has nothing to sell except skill will find a market for that knowledge, and very soon the whole community will feel the vivify ing and the electrifying effect of an in crease of blood and vitality in its veins. Other Statesmen. I would like to read to you the language or Mr. tioschen, a great banker of London and lato chancellor of the British ex chequer, one of the great statesmen and financiers of the world today. I should like to read to you the language of Mr. Giffen, tho statistician of the British board of trade. I should like to read to you the report of tho royal commission on gold and silver made to parliament in 1888. I should like to read to you the language of a number of other great economists and financiers, men who for years have been assisting in the management of the world's affairs, who for years have had their linger upon the pulse of the com merce and the business of the earth, who have watched the circulation of its blood and have felt Its heartbeats, men who are not theorists, but who are first students and then practical men, and you would be astonished to see how their views are all in accord upon this great question. They hold that the law of supply and demand does apply to money. They hold that when tho governments by law demonetize silver or wipe out any other actual money the governments thus by law reduce the world's supply of money. They hold that when the governments adopt a gold stand ard and make it the only legal tender money the governments hy law Increase the demand for gold, because hy reason of the law more people must thereafter have gold than formerly had to have It. Increasing Demand For Gold. The work that was formerly done by silver has thereafter to be done by gold, ad the necessary consequence of this is to Increase the importance of gold, to double the number of people who have to havj it, and in the end double the purchasing power of the gold dollar. Now, we insist that in harmony with the world's basic law of finance, in harmony with the en tire experience of mankind, n harmony with the expressed views of the great est statesmen, living or dead, the de monetisation of sliver doubled the pur chasing power of gold, so that it took twice as much of the products of the earth to get a gold dollar and pay a debt or pay taxes thereafter, twice as much labor as if formerly did. Destruction of Home Market. The consequence was not only to do an Injustice to the whole debtor world, bat inasmuch as taxes, interest, debts and fix ed charges remained the same It destroy - 63 the purchasing power 57 the whole pro ducing classes, because it took all they could scrape together to meet the fixed charges. This first destroyed business and necessarily forced the manufacturers tn shut down because there wero no longer pnrchaaers for what they made, go that in turn labor stood idle, and it was no com fort to tell the laborer tliat if he had a gold dollar it would buy twice as much as it used to, for if there was no purchaser for what he made there was no way to got any kind of a dollar. Thus there followed naturally universil paralysis and dl;tj3. Restore Purchasing Power. We insist that, according to this stnic law, the restoration of silver will tend to again raise prices and ngnin restore the purchasing power of the larmiu ;.iul pro ducing classes, and with the restoration of that purcluwnng power, when the farm er can again spend money at the store, can again spend money at the shop, spend money at the c.llege, spend motioy i;i trav el, there will come universal a; tivity. The manufacturer will again find 1 m.ir .it f.'V what ho makes, and lalior will lx omploy ed, and the tendency will 1 e to rvi.o uni versal activity and prosperity. Mice Owner and Fanner. Like the common run of geld ctand.-.rd orators, Mr. Schurz appealed to the rvjn dico of his audience by hringirrc 1 the mythical rich mine owner. Now, ti'cro ;-r. two things to be said in re-:.:r 1 to the mine owners. First, a rich mi o.vnei- i -largely a myth. They are all 1 . distress. Second, the" price of tho mine o-.v: or 's prod ucts has not fallen any mom t !;:!i have the prices of farm products. ri hi y stand exactly on the same level. As n ensured by gold, silver sells for just one-half what it did, and that is true on an uer.ige 1 f all farm products. Tl o mine ov.-i.it !:.-.f. an enormous advantage over the farmi r it; breasting the hard times in this, tint when he finds that it docs net pay to oper ate his mine he simply shut ; it up, j;p.t! tho ieople who suffer directly are the l-!b::r ers who are thrown ouf; of em; 1 yn cut Iiut the farmer cannot st ip farming. Nc matter how low products fto in rice, t hr farm has to go on as before. He must sup port his family there. He must make hi? taxes. He is obliged to go on ealtuntir.g his farm and raising more pmdui ts whet hot they bring liini big prices r a little p-ice So that Iho mine ow ner in t!ie fi-.st in stance doe.! not suffer as much as the f.v.n: it and can protect himself in ir.i'vi'.r that the farmer cannot Therefore i 1 the future I would suggest to the gold f ia d ard orators that thoyi ra'Tin thetic'i l .rm or and use him as a hn;-ab 00, t ' c 1 11; who is going to profit hy the restoration of silver. But to show tho utter wai.t i f coiiFisU ncy, if notof good faith, I c::ll your attention to the fact t.'at thr.mgho; t the whole of ir. Sehurz's speech he s oaks ol a 60 cent dollar. Ho di M til cs the coi ii tions that nr.-going to exist after iVr. Kry an is elected mid after the now regime ha been Introduced, and he tells you how sil ver dollars v ill l:e worth only an cents un dor the new order of things and the great injustice thj-.t will l.e doi.o to creditors Ire giving t! ".n dollars th:it arc worth in the m:irket only 50 cents. Ho dwells on this in a manner that i t p.-.tlietic, and, strangi tosay, ho decs this .- rtor having told l:i hearers that iho mine owner was tho man wlio was to l)c made enormously rich hv the restoration of silver. Now, if the mine owner is to I13 made rich, it will have to lie by raisin;; tho price of silver in the mar ket, and, if by reason of tho increased do iiK.uii iur sner ami us use again as mon ey tho price of silver rises in the market. then there will Ik- no f0 cent dollar. If all of the new silver dollars can be used to di exactly the same w ork that a gold dollar would do, then it is self evident that the gold dollar will have to come down from l..u:.-t. 1. -.11 ., tt,.s itigit percii ami do wort 11 no more than a silver dollar. continued tomorrow Jacket Store News, 30 South Main St. -Asheville, N. C Few people know how hard and earnestly a mer chant toils to please his cus tomers and if successful still fewer people come anywhere near knowiog how good it makes a fellow feel when his customers enow their appre ciation of his efforts. Our recent purchases are coming in rapidly. We will go into detail next week and tell you how near we are like you in our ideas of what you want. J. M. Stoner, Mgr. WM. W. WEST, REAL. ESTATE Loana Kesfottatted at 6 Per Cent. Boom 4, Sod Floor, Drhnmor Block. CAMPH0RL1NF tV",; asheville people can testify. Its sales increase erery year. Rayaor'a. - . WANT COLUMN FOR RENT Large warehouse 6a Southern railway, formerly used by us. Apply to oSdtf ASUBVIULB MERCANTILE CO. F)R RENT Ten room furnished noose. Centrally located; modern improvements. 10 Id6t P., Care Citizen- ROOMS For Rent A lew good bed rooms in Hendry Block on North Court Square, im mediately north oi coutt houte. Apply to C. S. COOPBR. 9-iidimo 39 s. Main St. POR RENT or SALE Ten room brick dwel ling, Pine street, opposite Chestnut strset; modern conveniences, about eight acres. T. W. SHARPLKoS, 5-9dtf 64 French Broad Ave. ART SCHOOL Lessons given in crayon, ink, oil, water color and china painting. Thor ough instruction in drawing and perspective. Terms reasonable. MRS. A. G. BIGN&LL, 9-i5dimo No. 2 Aston Place. CAMPKORLINE 25c NO oil, no grease, ones auicKlv. leaving pleasant, balmy feeling. Raysor's Drug Store. Tmff ADAM AMAE, Spiritual and Trance Med iutn, can read your lile from the cradle to tne grave. Call and consult her, and if yon are in trouble about business of any kind do not fail to consult her, as her advice would be of great benefit. Madam Amae has been con suited by the crown heads of Europe; and if vou nave domestic ana love atlairs cail. Can also communicate with you departed friends io PATTON AVENCB, io-3diw Asheville, N. C TJOTICH North Carolina, Buncombe county. Administrator's notice. All persons hav ing claims sgainst the estate of Dr. Edward . Pearson, deceased, are hereby notified to pre- cu. .uvu tiaims 10 ioe uoaersignea aamimstra tor wittlin twfv. mnntl,i i,nn. u u . - or this notice will be plead in bar of their re- wvcijr. tuiSKpi o, lOQty. CHAS. L. PEVRSON, 9-8d6t tues Administrator. U E if ordained bv the Board of Aldermen r. a- the city of Asheville (Sec l) that all own ers and proprietors and persons in charge of uy uulci rornaars, noiei omces, puolic halls bauks in the citv of Ashtville. and the r-. todlans and keepers of all public buildings, pub lic offices and court house in said city, be, and they are hereby required to furnish said hotel cortidors. hotel offices, public halls, banks, pub lic buildings, public offices and court house with cuspidors sufficient in number and so lo cated as to be con viently uted by persous oc cupying, frequenting or using such places, and said persons are required to have the same cieaned daily with some disinfecting fluid prv muucu.uu approved Dy me Board ol Health ui miu city. (See. 1 1 That it shall he the Hi,t nf h .m bersof the Board of Health and policemen of ett ml. . n ....... I . - m van nuui iiiite 10 lime me places and buildings referred to in section i of this ordinance for the purpose of seeing that the niuc 13 tvnipiieu wtm. ana any person violat ing said section 1 of this ordinance shall upon conviction be fined one dollar (Sec. 3 ) That it shall he unlawful for any person or persons to wil(u!ly expectorate or spit upon the floor or steps or other walkway "chiw"!.!! ui Hoy 1 1 u 1 r 1 corriaor, notel otnee. puuttc nan, dsdr, jublic building, public office vviun iiuu!,c or upon any sidewalk in the city asnevine, and any person violating this ordi nance shall upon conviction be fined one dollar D. D. SLTTLE, io&div Vice KJayor. NOTICE State of North Carolina, Buncombe COtltltV Rvvirln.nflk. .-J j J - J v. . " JV.ni 1 VCS1CU lO me as tl UStee in a r.rlaln AA ..I . .. . . . . "J . vi null iu Hi IT executed hv n Tl c,itti t v. . . combe and State o I North Carolina, on the 2nd .j ki ouitrai, 1090, 10 tecure tnepaymentof a certain note for the sum of fifty-five hundred dollars to J. B Bostic, default having been made in the payment of said note when the " - " '"i uuc ruu puyautr, ana naving Deen requeit.d by the present owner ol sata note Mrs Julia K. Woodcock, to make sale of the lands hereinafter described, I will sell to the nignesi Dioaer lor cssh, at the court house door in the city of Asheville, North Carolina, on the oKtt, iton . I fW.k.. . i . ....... , ' ... - .... j u( w-ivuci, i.v hi izo ciock meriaian. the fnllnsinir l 1 .. . . . , r . " iauu, auuHiir, i v i ii k ana being in the county of Buncombe and state of TUrvrtVa Po.nli.. Km. 1 .. J . . , , . v. .u a.wf.un, i' j Li mi-11 m u n uescnoea as tot lows, to-wit: Beginning at a stake on the east side of Beaverdam road, Ray's corner, and runs thenre with eaift rnait ...... 1 1. n , i .. , ... -K nun -U lltlll live hundied and thirty-two aud one half feet to " stake at the corner of W. P. Blan ton's gardeD; iuv-uic cdi nine nunarea ana eighty feet to a siaae at me leoce, Kimberly's line: thence mimn i degrees west nve hundred and sixty Bay's line; thence with Rav's line north 87 dee 25 min west nine hundred and twenty-four feet to the beginning, being the same premises con veyed by J. B. Bostic 10 D D Suttle by deed bearing date the day of . 189-. Said deed Of trust is reoihtrH in V,A u omce 01 Buncomoe county. N. C, in book of - --& -- - nit . t i.-ici a mortgages ana aeeas ol trust No. 22, at paae 100 to wnich relerence is hereby made. Ihis the J3iii uay 01 oepitlllDer, ISqo J G MERRIMON, S-29d4t tues Trustee. ARE YOU AFRAID 9 To Read Both Side? of tho Question ? The New York Journal is the only Metropolitan paper indorsing Bryan and Sewall and it daily publishes articles bv A.L. 1 n . v uie leading nnanciers of the country on both sides of the ques tion 'Silver versus Gold " It is progressive, liberal and al ways espouses the cause of the maSS9S. Everv hrnarl minilorl man should read it, whether Ee- puDiican or .Democrat. The New York Jonrnal Daily .... 1 f.fintflVflruwtioro Subscription for one month. including ounday 40 cents. Two months and a half.. $1.00 send subscriptions to THE NEW YORK JOURNAL Circulation New York . Dfpt.. Hendersonville & Brevard R. R. (Sastern Time Standard..) In Effect Tune 15th. 1896. NO. U (DAILY) NO. i3. 8 20 am Lt 9 30 am Lv isheville Ar G 45 pm Ar 6 03 pm Ar 3 30 pm t v 2 OO Dm Spartanburg Henderson ville Brevard 11 OO am Ar Wed & Pat. J Thnr, Un. Kemi-Weeb 1 ... NO 10 NO. 9 o v am lv Asheville Ar 2 40 pm 3 10pmLv Spartanburg Aril 28 am g OO pro, Ly Hendersonville Ar 8 45 am 7f. aSSiJ,. ?rfTId. t 7 15 am - , . wm naot passenger daily, and freight daily except Sunday "v.iuiimi, ucnerai Agent, Hendersonville N. C. The AsheYilleTonsorial : : : : Parlor, 14 Patton Ave. AH white artists. Everything new and np-to-date. Tbc Datronace of mv frir,At pnohc general!? solicited. E. lEXLER, PROP. FRED JOKES. MGR. Southern Railway. PIEDMONT AIR LINE.) In Effect Tune I4th- SOTT8. NO. 16. 19 05 am Ly Norfolk Ar 6 20 no 10 25 am ,Pinners Point.... " 6 0O pm o uo pm Ar . ...sctma ... lt 14 00 pm 3 08 pm Lt ...feci it ... Ar 12 S pm 12 cm " . Faleieh Lt II am 5 II rm Durham " 10 89 am o i pm " Burlington. " 9 22 am 7 10 pm Ar Greensboro ... 8 30 7 30 pm Lt Greensboro Ar 8 i5 am 7 5 pm ' Jamestown Lv 8 10 am 705 pm" High Point " 8 02 am 8i3pm " Thomasvillc " 7 86 am 8 IS pm " . Lexington " 7 IS am 8 29 pm " Lin wood, " 7 01 am 00 pm Ar Salisbury (E Time) Lv 6 40 am & 'l' . . ... T 1.,... , . . T.. , . a. . . 8 42 Dm " Cleveland " " - . uu.inum j iv. iimci or o an nm S A.O rtm ' ' ' I.. .4 T A. Lv S 0b am 9 OS pm " Statesville 9 38 pm " Newt.n 9 54 in " Hickory 10 11 pm " ..Connelly Surines.. 4 45 am 4 OS am 3 48 am 3 SO am 3 13 am 2 39 am 2 20 am 1 14 am 10 28 pm " Morganton ... 11 04 pm " Mari-n .. 1 1 23 pm " Old Fort 12 27 am " ftiltmrti-e 12 34 am Ar Asheville.. 12 38 am Lv Asheiille 1 06 am 1 03 am Ar . 55 am " HotScrings LvllOOpm i 37 am " Mnrristnwn t ft 1 K r,m 45amAr .Knoxville. " 9 05 pm I 50 am Lv Knoxville. Ar 8 60 pm ' 20 am ' Cleveland Lv 6 22 pm (liOamLr Chuttanooea... " 5 20 nm EAST BOUND 12 Lt Chattanooga 4 suam " KnoxyiUe 1105 am 8 I Earn Morristown 12 20 pm 9 55am Lt Hot Springs . . 2 03 pm 11 63pm Ar. Asheville 3 25 pm 1 25 ym 38 Lt Ashe-Tllle.. 1 4 5pm 1 55pm 2 55pm 5 3lpm 4 12pm 4 60pm 6 08 6 62pm 6 40pm 8 10pm 9 52pm 11 25pm " Biltirore " Round Knob " Marlon " Morgan ton,... Ar. Hickory ' Ncirtou " StatesvUle, Ar. Salisbury (ts astern Time.) Lt. Salisbury , 9 38 nm ureensaoro Ar Dan-rlUe ' Lynchburg " Charlottesville . " Washington ' Baltimore " Philadelphia ' Ne ork " Richmond .. ... " Durham " Raleigh " Goldaboro 10 60 pm 12 0O in 1 68 am 3 36 am 6 42 am 8 00 am 10 16 am 12 43 pm 6 OOam 5 S6am 7 loam 1 453m WESTBOUND II 37 Lt. Goldscoro... 2 lO pn. 2 00 am 3 3o am 2 O0 am " Raleigh " Durham ' Richmond " New York ' Philadelphia ... " Baltimore " Washington ... " Charlottesville " Lynchburg " Danville ' &reenahnrn 4 30pm 6 6Spn 9 20pm lO 43pm 1 65am 3 45am 6 60sm 7 06am 8 17aa 6 40 am 8 36 am Ar Salisbury 10 15 am icentral time.) Lt Salisbury 9 25 am ivr. StateevtUe 10 10 am Newton 10 51 am Lt. Hickory 110 am .r. aiorganton 1 1 43 an ' Marion 12 20 pa Round Knob 12 54 pm " Biltmore 1 66 pm Aghevliie 2 06 pm I 6 30 am 7 4 8 am a 28 aid 11 00 am Lt Ashe.ille 2 30 nm Hot Springs 4 03 pm .. .. . ........... u vv. lllll Ar lvnox ville 7 2 nm Chattanooga u 30 pm AS.RALLRO A D 10 14 Lt. Asaevilie 2 0ium 7 2t. am 8 20 am 8 28 am 9 5 an 10 18 em 11 28 am 12 50 pm 1 15 pm 2 50 pm 3 40 pm (Eastern time ) Asheville 3 03 Biltmore 3 13 HendemonvlUe 4 CO " Jryon f. oj HtMrtunhnro . . . . . vo Ar. Union 7 1 k Lt. Union 7 so " ' Alstnn o r . . i . ............ o ..VI Ar. Columbia 9 46 , central Tune.) Ar. Savannah 4 52 am Jacksonville ... 9 OO 9 18 Lv. Jacksonville 6 50 pm bavannah 1 1 25 11" Lime.) Lt. Columbia. 7 55 a Alston 9 07 1 Ar. Union to 20 ' Lt. Union l!.t, 11 25 am 11 69 am 1 15 pm 1 35 pm 3 10 pn: 6 OO ptr 6 03 pm 6 52 pm 7 00 pm 6 CO pm " Spartanburg n 45 ' .T1"7011 12 42 p xienaKta'm u. 1 45 1 Biltmnre o no i Ar.AsheTille "." 2 40 ' (Central Time) Ar. AsheTllle 1 40 ' MURPHY BRAN CH iT" Mixed Q7 Irnlral T I . . Lt. Asheville 3 45 pm Waynes ville 5 17 Ar. Rjtlanm k . . . 7 OO as 9 20 an. lO OS am 1 25 pm 4 55 pro 5 35 pm Ar. Bryson City."."."""! 7 15 " Anarews " Tomnln Ar. -Mnrphy . o uo pTT 18 Mixed 66 L.V. Unrnhv 7 O0 am 7 2J am 7 55 am 11 15 am 2 06 pm 3 05 pm 3 45 pm 6 35 Dm lomotla Ar. Andrews Lv, Bryson City"!""."!.' 8 30 am ' Balsam 10 Oi " Lt. Balsam ' W tvneav411e r in Arshertlle .' .'..'.'.'.12 0 1 t m NO 64 NO 66 (Central Time 1 Lt AsheTiUe 6 OQpm Ar Ashetrille 12 15 am Ar 1 otis tern time.) Spart'b'g 2 30am Lt Spart b-g 6 03 pm NO 62 Q. 63 IPmml T! . Lt Asheville 8 OOam A r Asheville 71s Salisbury H 6Qpm Lt Salisbury 5 30am jjcree nh. rk - Asheville 6 35pm Ar Mornstown 11 30pnli -Min?l0wnrl 55am Lt Asheville 6 OOam "SI C P DI Mn Pttl tcbllirt; y n 11 vJU n I v. r. -- - - v t uiimaD oieeDintv care between Hot Springs. Asheville, Wash- Trains 37 and 38. Pullman sleeping car between Autrusta nnrt i i.-v. tr, .... ,i ' Trains Nos II and 12. 9 and 10 Pullmai lleeoeri betu-een i i... . : . . t , ... i ..ai ,, isacviite, columb a. Savannah and Tack son villi-. trains id ana 18. Pul-man sleerine ar be ween Norfo-k Raleigh, Greensboro Salis ,u.r.y' Aeville' Knoxville and Chattanooga. M. CL 'P. Traffic Manager, WasmnSa. v-A- TURK, S. H. HARDWICK G" 1 Pass. Agt.. Asst. Gen 'I Pass. Agt., SVashington, D. C. Atlanta Ga A. BENSCOTER, Assistant General Pat enger agent. Chattanooga, Tenn, K. R. DARBY. CP tk T. A.. AsheTllle.N. C Ikrlejton & Western Carolina Ry. Co. Short Line To In effect Oct. 1 1896. AUGUSTA. GA.. AIKEN. S r and Siuth Carolina and Georgia points. 20 am Lt. Ashevilli Ar! 6 iepm i5am Henderson vtlle " 6 51pm fi am !1 Spartanburg " 3 00 pm 30 pm Lanrens " l 30 pm J Pm Greenwood 12 17 pm 05 pm Ar. Augusta Lv. 9 40 am ?n Pm '. o AUen " 7 10 a JU am Savannah " 9 qq pm Ask for tiekea via ' ' IK m 7 V c --- " " - v . ivy. irom Spartanburg. WM. CRAIG Oen Pass. Agt.. Augusta. Ga. In order to correct a false selves to announce that we do NOT supply ABiiBvuieur vicmuy, witn our dairy products. And Ave have no intention of competing with 18 cent milk or 20 cent butter. After October 5th all bottled milk supplied by us will be sealed with a copyrighted label of the Biltmnrn Dnirv wliir.lt will be dated. A special plant has been put in for supplying Pasteur ized Milk, in pint and quart bottles, which will lcr 1 with special label. See that the label is unbroken and the date is -wl 4- - Xl. J t -a iigiii; men we guarantee tlie milk. 13IJrM0KE DAIRY. -m xii xh mar Jm& jm& jma jmx jm ing of Most stores begin the season with or when forced to fall by competition. Ipen the season now with a price on Fall Goods that none will S to onr securins at 52Vc. on the dollar a stock of $30,000 from one of New YorV largest merchants who was compelled to make an assignment. wiU pIacc iUmg on our counters that we wiil never be able to deplete. We haye boht them cheap and will give vou the benefit at tbis most ODoortnne time tk:. : P . ma 13 uuc jjreai store and means to se 1 good to the grandchildren of those who bay here now. The Greatest Shop-j pipg Place for Ashe ville s Trading Puhlic Diess Goods selling little short of the marvellous. Never have we sold fall dress goods this early at such a rate. Ol course the pricing has much to do with it. Then we have raver shown a stock approaching this in variety, stle and volume. No buyer but should see at once the lioes priced at 10c , 124c, 25c, 37 Vac., 50c, 75c. $1 00 and $1.25. There is a savirg here of fully One-Fourth. CAPE SELLING. Don't come expecting to sive orer :'.0 percent, but exp-ct that confidently. On sale now 57 black beaver Doublt Capes, beautifully finished, at $1 9S While on the cape question a finer one may interest you. We have them. You may as well look them all ovir. It costs you nothing to lo jk. READY5IADE SKIRTS. 15 actual coutit fourteen of them have just been received by express. Thev were CDt as samples some h-ivc been ordered others discarded The cheapest of the sample line were to he $5. W hile they last, your cho ce. $3 50. TIS A FEAT TO We are readv ftr all comers, you eive Ua a trial ? Our shoe l I Y s - v 1 - 7 Baltimore Clothing, Shoe & Dry Goods Co., King of Low Trices. Store closesl 10 and 12 PATTON AVENUE, promptly 7 p. m., Saturday 10 :30. Asheville, N. C .jtk. AAA AAAAA tStt&.AA AAA A A....., What They AIeaim. 16 mr-hhaact,Vbepuresil1vfrin asiIver dollar sha11 wei8h sixteen times as k, much as the pure gold in a siold dollar. r "Free and Unlimited Coinage of Silver." r..inichaatiny0n Can-ta silver in any q"Hty to tbe United States fhJ , ne lt,ne,d lnl rnlled Stales hilars, free of chatge, and everv m ,rlllh-ndbraConesih'er dollar or a "lver certificate for every 37 1 grains of silver received by it. 'The Existing stat Iw SaIUati0 f alluthe Mateb is basea unoti the trnrtii n Of the ITnttH s,, A Mean-Looking Letter-Read men. If a man is judged by the the letter head he uses. An artistic and business-like letter-hea has frequently been a basis of credit. It may be looked on as a good investment. Let The Citizen Company fit your business with a good coat of printers" ink. Fall Trade bih m-;.. jrn-iu " " iau ag ice season advamrs This store doe, different 1, JJ ' T1e Largest Store With the Smalest Price. r Will A1E PffFfCT FlTTIrJ ,HJ HA.yE FROr-J . TLTRiAL. I Our Stt les in Men's Suite ar. ,c . 1... styles vou'd be nleased to have tt.,, lection of materials includes all the latest novelty t fleets tnglish, French and American ideas thnt oive -vnn a tul vatietv and tasteful designs to select irom oni? tne prices are so different from what jou would have to pay else- 111. 1 c. FOR INSTANCE: Men's t il'ed chpvii-tr snii fll nnd nicelv finished a big bargain, at $4.45. FOR INSTANCE: Men's Suits, mnde frnm mntfrl-ilo in many instances, the cloth alone rcpie sents more actual value, at $1 90. FOR INSTANCE: Men's Fine Diess Suits, made of Vene tian cloth, or imported 20-ounce clay worsted, a wonder how, at $10 00. HATS. It s time to change headgear. Straw hats look out of place now. The fall sr It s are readv. The Alpine Hats seem to take the lead all the different colors are here. $1 50 buvs bete the hat store $3.00 yrade. $1.00 gets the $2.50 ones, and so on and on. FIT THE FEET. line is now complete in all the details. Will TO 1 99 Gold Standard.". Tlegal tender money in the United 1 r .1.. . u -L w luc ulu m our KOIa colns lias lost many a dollar for business coat he wears he is also judged bv any hotel, either in -J r ( 1 V il J
Asheville Citizen (Asheville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 6, 1896, edition 1
3
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