Newspapers / Daily Concord Standard (Concord, … / Aug. 31, 1895, edition 1 / Page 1
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Vol. XL-No, 109. ; C ON CORD, N. C, SATURDAY, AUGUST 31, 1895. Whole NO. 1.250 National ml ffl V j Odell, President, r nTTRAWB. f Cashier. j D. Ooltrane, Assistant Cashier Capital Surplus, $50,000 $16,000 DIRECTORS i r. Odell, D. F. Cannon Elam King, . Wv GAnn W E. Odell, WH,Ltely; -D. B, Ooltrane, Speculation HAMMOND & CO. S Brokers. 130 & 132 Pearl Street, NEW YORK CITY N. Y. Srnr.Vs. Bonds and Grain boueht and BnM n rarriAil nn Muririh P. s. Send for explanatory circus lar on speculation, also weekly mar ket letter. (Free) dwly UNIVERSITY OF WORTH GUI Comprises the University, the Uollege1 the law and Medical Schools, and the SUMMER SCHOOL for teachers. Tuition $60 ; 35 1 All elnAT,fa XA ijsatucio, iu diuuouhj. , u MANUFACTURERS OF FINE GINGHAMS, OUTING CLOTHS,' PLAIDS, SHEETING AND SALT BAGS. , ' - ; 0- DEALERS IN General r Merchandise. BUYERS OF Country Produce of all ICind AND Four-Foot wood always ' Wonted best prices for same. We invite an in spection of all the goods we Manufacture, Go. tozk oM aress rresiaenc winsion, pared an able paper in enpport of principles (tnose he espouses relative nfffid tv tw State i,ntnotnntil anuftedTit i;o1ie&Med Chanpl Hill N C fdr Cata- ii. -i u c..- f a iKn anltition ana porrootion of "ne 3 oune, oui not uuui Graddati fiartmems, besides nrst-cias yiupei mil, n v., ior the position that the Secretary of , me solution ana correction or . Mondav when Eedfearn came hoois in Music, An, Languages, commercial logne and handbook on "UNI- th. mr.,.n had no ,.al ri.ht t0 financial troubles) become ; laws last monaay, wnen ea earn me and Indsja, studies. d . B ; VBRSITY EDUCATION." b?t i .eir fullest and completest m and surrendered to Sher.fl Wall, CLEVVELl- R"nc,pa'' O'lsli Manufacturing Two Democrats A nswer Bon d Questions. I ifc THE STANDARD PUT A QUESTION TO MESSRS, J. P. OALD WELL AND JOSEPHUS DANIELS ABOUT THE EFFECTS OP "SOUND" MONEY AND FREE COINAGE ON l Q THE BOND, ISSUES ON AUGUST 218T BELOW ARE THE ANSWERS. The Raleigh News ana Observer answers as follows: - ,. 'i . . . In ri recent issue of the; Concord Standard, there appeared an edi torial relating to the issuing of bonds to maintain the gold reserye, and this question was asked: Does the editor of the Raleigh News and Observer believe, if the viewd and principles (those he es pouses relative to the solution and correction of the financial troubles) become laws in their fullest and completest meaning and scope, that the government officials would not be compelled to again issue bonds to protect the reserve fund or to main tain the credit of the United States or to make its promises to the peo- 1. There is nQ statute requiring the maintenance of a gold reserve. When, as Secretary of the Treasury, Mr. Sherman began the line of policy looking to a perpetuation ot the gold standard, he put aside one linn dred millioh dollars in gold which he called "the gold reserye." Though the amount of Treasury notes in ex istence had been much larger than at that time, no gold reserve had ever before been deemed necessary, and none had been necessary. " 1 2. There being no law for the "gold reserve," there is likewise no law that requires the sale of bonds to keen ud the reserve. In the last Congress the J udiciary Committee of Ut - .TT TP-H-.a tUC HUUBO Ul xvpiCDCUtnico issue Donas. J.ne dohqs are iBsueu m mt 1 t under tne old resumption act .01 100, and by a strained construction of 3. The obligation! of the govern- ment are all payable in coin at tne option of the government. Aelong as we pay our debts according to the written letter 01 tne contract-it- v " not be justly said that we are not preserving; the faith and credit of the goyernment. The government has made "no promise to the people" exoept its bonds and fits various notes, and none of themf except the gold notes, are payable in gold. The coin five dollar notes contain this contract on ineif face; 'fte United States of 'Atnerictwiilpay to bearer five dollars in co'in'' Tne Bilyer certificates con : afiMnloffnn . Thia rtArti- tain this stipulation This oerti- .fies that .tfcere has been deposited in thA Treasarv of the United. States State, will pay the bearer , flfe dol- Jars.f The bonds ot- tne govern- meni are payable in ahj kind of money 1 It is therefore seen -that .there is no bbligatiod of the -government payable in gold ; no authority of law for a gold reserve; no clear legal warrant to issue bonds ; and no need to do any of these things to preserve the contracts and credit of the government. The bonds having been issued to preserve the gold standard, the necessity of further issue is done away with when debts and notes are paid according to con- tract, and not according to the seN fish demand of the creditor. The Charlotte Observer thus answers: ...V-, Th fMmrt the Concord Stand- ARb has recently, had an interview with a student of finances and affairs t who, in reply to qaestioni gaTe him what we conceive to be an accurate statement of one of the influences wrought upon Treasury by the presence in our currency system of a large amount of greenback-, 1W ury and Sherman notes. Briefly, the statement is that one wanting goicumay gamer up tnis PaPer cur I rency, carry it to the Treasury and have it redeemed in gold. The notes are not then destroyed but arepaid out again in the regular course of business and may be again gathered tip and used to draw gold ont of the Treasury. This process may go on August, 1804, Robert T Redf earn first Saturday in .-August.-indefinitely and thus these paper re- escorted Miss Fannie Jackson, Young men desiring a tech presentatives of money have been daughter of Brown Jackson, all of nical education at an unusual often and aptly described as an end- White's Store township, to preaching ly low cost will do well to ap less chain. In view of this situation at Tjong P:ne church. They weie in ply for catalogue to Thb Stakdakd . courteously, pro- a buggy, and on their way home the A. Q. HOLLADAY. pr pounds a question the same in giri claims that Redfearn aslulted ,2wd&w- Raleigh, N, O. terms to the editor ot the Charlotte her. , QqIHh Observer and the Ralegh News and Observer, and asks for a clear full answer. Thus ' ' IJopS the Pdltor of the Charlotte , ; . r , . pc-Mjt)8erver relieve, ii tne VieW8 ana I VUV44 AMAAWWV V XV A W . W me:nin? and scone, that the the government officials would not be compelled to again issue bonds t&ZS Statea or to make it promises to the people good? 0 To be clear, we answer, yes. To be full, we must needs explain. In our ;iuagement tne run upon tne the .Treasury gold has been largely aae t0 the agitation for free silver. We are creditor nation. Odr foreign creditors noting the rise of the silyer tide, have, many of them, sent their securities here for eale while yet they conld get for them the same quality of money that they paid or them gold. They have feared that the United Statea are coming to a. silver basis and know .that -in that evn! tKey would be paid ll ih a depre- mkten' nnrrennv -Atrainj the hfll Alice dated currency -Again,' the balahce ot trftde has ;tor som time v neen aeaihst us and, these balances; pay - Point,d out Co ourn in ms arucie m ine xoram ior; Auguet, the operations or the Mc Kinly tariff act were such that a bond issue became necessary not alone to strengthen the gold reserye hnf fft Afford h with rhtoh the government might pay off its cur rent obligations. , - We .. have dealt thus far ..with causes. .Causes other than. those re- cited might arise to 'produce same results. So long as the psf&r . currency referred , tQ 18' outstanding menet rid auu as iat oacK as ioyo me national Demorcatic party in convention de monriil n tit nan aMi fVAiinM aIam U u.,uuCu tua tucoc uuuuuus 8UUU1U , he bie they should be redeemed and de stroyed and, the government go out of the bankihgbngin confining itself to, its legitimate fnoctians. The notes thus redeemed should be replaced by another currenay as for instance State bank notes, as has I often been suggested, issued under such supervision as would guarantee their character in order that there mav ha no rontrafifcion of t.fi- rmr. rency, . . . . In this explanation we have sought to be ' candid and explicit, t We do nofc belieye that thin are now tbe Treasury is -entirely exempt 1 4SiLAAi in accompanying necessity for farther isgoeg of Kold bondsj.bUhis danger ,j j:- ti. iuc uauKvi ui imvtQ n mu duo wuumueurcnac mui . mo jsuubiucuuc 0f the free silvei agitation with the full re8toration of confilence in the eqnal yalae 0f alL onr rxnoney, and with-the adjustment of business, w in rapid progress, to the' new tariff law. RBUFEARN SURRENDERS. He is Charged With Criminally As snltinff Jtf Isb Tannic Jackson, Iate of White Store Township. On tje night of the 18th of last The next day her father had a warrant issued for Redfearn, but he could not be found. Governor Oarr v f I was then asked tO Offer a reward! for I . . . " I hia arrPSt A reward Of S200 Was did the general public know any thing as to his whereabouts. He fc once nlaced in iail. where he -aits his trial, which will probably take place next week. It has been understood all along that Redfearn would, giye himself I up and stand his trial. He land his r trienas proiesa to icei no uneasi I n ess. They say ijb is a case of black- I mail and that they will prove it so. I The payment of the reward to two men who acmpapi ' him will te resisted, we j that there was hb arrest, but simply a surrender. . ; Miss Jackson, the young lady in the case, has recently married and now lives in Union county. Wades- boro Intelligencer.4 ; KnUllti tm.xn v . . ' Haecabee. B Th Rtftte commander writes us from .Lincoln, Neb., as f6Hows: j 1 "After trvinff other medicines for itnout thereafter, as our. 0xper- ience proves that it cures where all other remedies fail .'Sighed F. W. Steven State "oto;Why not fifiVe this Wf eat riidicine a trial, as it is guaranteed ahd trial botUes are free at Fetzers Drug Store. Regiis lar size 50c. and $100. JTotlce. Thera will be a tegular communi H.v. LiOWE,Decy. lA w rTAKT A aT? POgA preparation. lor ; college pracucai. i tne awMu-wi.owMo.iuS xiv. ithoroush training ior business or me I 65 a; M. Monday nig Dt? t3epr.;zna. I For tntomationror aimouiicciucufc, u- Mm, urn uTX.QATT1 XT ,T REV shirey, b. I), PRES ADADEMIC, COMMM11QIAL ' -, ' . ;.. AND - COLLEGIATE COURSES. Total necessary expenses session of 38 weeks, $85.00 to $137,000. Next session begins Sept 3. 1 895. ' For cotalogne and special lniOTmauon, address tuo x icaiucut auuve, ur lm. Secretary of Faculty. Mount Amosna SEM I N. A R Y A Flourishing School for Y oung '; f Ladies. " . JEN TEACHERS, Orxamental Branches Receive Carefui Attention, REV. C L. T. FISHER, A. M, ! Pbincipa., ' MOUNT PL AS ANT. N. C II! College of Agriculture and Mechanic arts. The next session of this Col lpor trill hpcrin Rp.ntftTnhHr fith. U, -Qf nnrif QOOfa FEMALE ACADEMY l a 1C .rt . eC The 94th Annual Session begins Se; c.-iuer 5th 1 195. Register or last year shows more than 500 I persons under instruction during the year. i?pe Mai III! HOLI I cial features: the development of Hih, Char- FURilTURE COFFINS &C. 1 ave now in stock at mr rooms opposite the court housea splen- - 1 BUCj1 Bed Steads, Tables, Wash Stands Safes,. Chairs, &c. I defy competition in regard to quality .and price, lou will be surprised when you hear my prices cau supply you in a few days I have a nice line of COFFINS at vpricea that will surprise you. I keep a full line on hand for im mediate supply. I buy , LUMBER ahd run my planirjg machane, and all persons who vish any thing ? . it.?- I?-- 'in j i 1 . in tnis line, wm uu wwn iu cau. and see me. " Very Respectfully, v , J. T. Pounds Concord, N.. O. July 13, 1895. HIGH SCHOOL X n . flP . ill AM.. tt&ak22tw! CoNcord. N C.
Daily Concord Standard (Concord, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Aug. 31, 1895, edition 1
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