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CONCORD, N. 0., FRIDAY j SEPTEMBER 20, 1895.
WnonE NO. 1.268
! i il d
I National Bail.
P. v " . . -v-t Assistant Cashier
i 1 L? 4 TTAT
J. W. Cannon,
T T T I -rr t
j ' ). H. COLTRANE.
HAMMOND & CO.
Stock and Bond
ISO k i:2 Ptarl Street,
j?EV YORK CITY, N. Y.
Stocks. 1'OiuIs and Grain bought and
sol J, or carried on Margin.
p,S. St-ml for explanatory circu
'arOll ipeCUUUUii, ;wbu weeiviy ujbi-
ket letter. (Free) dwly
ItOTTZ'S 1ST MARKET
iimiiii ll1 iWw
Ihavconened my MEVT MAIN
KET m the Litaker basement, for
merlv occniet by Swink & -Day
vault . When you want nice, tresn
meats, beef, pork, mutton, etc., call
cn or send m your orders to
S. L, KLUTT2.
P. S. 1 am in the market when
beef cattle and hos are for sale.
Vy; SALT BAGS.
of all Kind
uot wood alwavs
0nt -1 - -best prices for
invite an in"
Tf()li( all the goods
Tht the double standard has been
a failure is seen in the history of
coinage m our own country. In
1792 the weight ratio of silver to
gold was 15 to 1. In 1834 it was
made 1C to 1, In 1853 the silver
half dollar had to be made lighter.
In 1873 the gold dollar weighing 25.8
grains nin?tenths fine was made the
unit of value. The country since
1873 has willed that no change
should be made in the unit of value.
Similarly, the double standard
prevailed in Prance tor about seventy
years, but finally had to be aban
doned. France tried it alone and
failed, Tnat country then called
Italy, Greece, and three of the
smaller powers of Europe to its as
sistance and styled themselves the
Latin union, which existed several
years but finally had to abandon the
The double standard, it should be
observed, did not serve the purpose
that Its advocates so zealously claim-
ed for it. It did not put money iuto
circulation as plentiful as the en
thusiast on the subject ot that
standard would have us believe.
After trying the double standard for
over sixty years France found that
in some of the rural, towns of that
country hand-made nails were pass
ing current as money, illustrating
the fact that a government may
stamp any or all kinds of metals as
money, whilst trade and commence
will go on in the even tenor of their
way. It is an illustration of the old
saying, that a horse may be taken to
water, but cannot be made to drintr.
But the reader may ask, if all the
principal nations of the world were
to combine, could not the double
etandard be made possible? The
answer is, that all the principal na
tions are hardly going to combine
for that purpose. They have al
ready decided that the single gold
standard is the best, and having con
eluded that that standard is the best
adapted to the wants of commerce,
they are not going to abandon it
The double etandard is a good sub
ject for debate in political cam
paigns and international conferences
but seems to have no place in the
stern realities of commerce and trade.
In Eigland the value ratio of gold
to silver is about 34 to 1, and in
France the legal ratio is 15 J to 1.
For the sake of convenience m writ
ing and comparing the quantities
let us suppose that the ratio in Eng
land is 32 to 1, and in France 16 to
1. Is it probable that England and
France could agree on a nxett ratio
Suppose that France proposed that
the ratio should be 16 to 1, would
.Enjgland agree to that, would, Eng
land agree to pay one, pound of gola
for 16 pounds of silyer when she can
get all she wants at the rate of one
pound of gold for 32 pounds of siK
ver ? Would England agree to re
duce every gold dollar in that coun
try to one-half its present value?
Cer'ainly not, such a proceeding
would bankiupt the country. Sup
pose England proposed to France to
make the ratio '6 to 1, would Fxance
accept that ? Every 16 pounds of
silyer in France is legally worth one
pound of gold. Would France con
sent to making one pound of !d
worth 32 pounds of silver ? li.t
would cut eyery Fret-eh silver dob
Ur middle in two, masm tauu
worth only fifty cents, wuuk
be willing to do that? If it were
done, would it not bankrupt that
Suppose that the two countries
were to agree to a ratio of 24 to 1.
The e ffect would be similar in each
of the countries, but not to the same
degree. Gold would be depreciated
in England, and silyer in Franca.
The reader can understand this by
supposing that if our silver dollars
were not backed by tht government,
and were left to pass at their com
mercial value, that is at a value of
fifty cents. Eyery man who held
one of those dollars would find it
suddenly reduced to to the value of
a half dollar. The government
would be likely to call them in and
receive them, The country would
then have just half as many silver
dollars as it had before, but each
dollar would be twice as heavy as it
An enlightened government will
hesitate a iona; time before bringing
such a calamity upon its people. . It
is for this reason that international
conferences amount to about the!
same thing as the ordinary school
house debating contests. It is yery,
pleasant to hear them, and besides
they give practice in speaking to the
boys which probably is one of the
greatest services they render, pro-
vided the speaking is confined ta the
subject under consideration. The
double standard can be made to pre
vail only on ths condition -that, it is
favorable to the well being of all
nations, a condition that , possible
may happen, but probably will not.!
We cannot reason about standards'
as we do about the sale of hats. If
one hat will bring five dollars, then
two hats . will bring ten dollars,
which the reader will perceire is
correct, in the number of hats hav
ing been doubled it is right that the
money should be doubled. But it is
not necessarily the same., with the
standards, and coinage, we cannot
iay wjth good reason that if one
standard yields a coinage of five
millions of dollars, two standards
will yield a coinage of ten millions
of dollars. Doubling Jhe number
of standards, if that Were possible,
would not necessarily doub'e the
amount of money. The number of
standards has nothing to do with
ths amount, of. money. Other con
ditions are necessary for the deter
mination of the amount needed in a
country. A country having a single
real standard may have as, much or
even more money in circulation than
a country with the imaginary double
standard. The meihod of business
has much to do with determining
the amount of money required by a
country. The standard measures
the quality, not the quamty.,
ON ALL SIDES.
A Xvxv .Mill flakes a StartThe Whis
tle and Uio ft ri tiding of Machinery
The whistles and bells calling
people to their respective places of
labor is now heard on all four sides
of town. The Lippird. Bros, rcller
flour mill began operations Thura
day evening at 5 o'clock, which
starts another enterprise to our
thrifty little city, and marks the
faith her citizens have in her bril
liant luture. With this and the
Fenu, by Mr, Crowell. Concord af
fords two of the largest and best
equipped .flour mills in this part of
the country. ,
The most conspicuous figures
about the mill are Mr. W J Reed, a
Georgian, as miller, Mr. J C Lip
pard as bookkeeper and Mr. John A
Kimmons as loreman.
Havinsr transferred 'my. Firo In
surance business to Messrs U I
Woodhouse and B E Harris, I com,
menct them to any who msy be in
need of fire insurance, ind bespeak
for them a liberal patronage.
J. W- Brr.i:in:AD,
We have assumed the Fire Irsur
ance business of Mr. J. W. Birrkbea',
omprisine the agencies io' ttvoral
first-class and well establidio 4 com
panies, and respectfully solicit u
liberal share of business in bat line.
Woodhouse & Harris.
August 2G, tf
Will Arrive Tonight
Bey. II A McGullough, of Leess
ville, S. C , who has been called to
the pastorate of the St, Andrews
(Lutheran) charge, will arrive in
the city this evening ith a view to
accepting the call.
The 10month8 old infant child of
Rev. and Mrs. J P Rogers, died at
their home in Cleveland county this
morning. Its remains will arrive
in the city on the 7.23 train this
evening and the interment will take
place tomorrow morning at the
cemetery. Mrs. Rogers is a daughter
of Mr. and Mrs. J M Burrage, of
Since Thursday's issue, in which
an item anDared to . the . effect that
r r ! "-
there, would be a yasj additional m
proyement in business circles, it. has
unintentionally cropped put that
there .-is, abqut to be v a , st)U , bigger
deal than e had any knowledge of
and of quite a different nature frqaa
that .mentioned vesterday. , Time
. . - rf
only will allow .us to reveal the
transactions abo,ut to, taKe pia(;er e
patient, thou who art inquisitive,
and we'il see twitj wf e'li see.
National I,eag-ue Clnbs,
W. L. TO FLAY. P. C
Baltimore 80 41 12 .661
Cleveland el 45 10 043
Philadelphia 75 48 9 .610
Chicago 67 56 9 .545
Boston. 66 56 10 .541
Brooklyn 67 57 9 .540
Pittsburg 66 59 9 .528
New. York 64 58 9 .524
Cincinnati 60 58 12 .509
Washington 39 80J 12 .328
St. Louis 37 84 11 .306
Louisville 32 91 10 .260
. to-day's gates.
Baltimore at Brooklyn; New York
at Boston; Washington at Philadel
phia; Cleveland at Pittsburg; Ch
cu;orttSt. Louis; no ame sched
juled for Louisville and Cincinnati.
! The clear Meagher flag still floats
l3nw to the breeze?.
I have now in stock at m v rooms
opposite the court hous n splen
did line of well-made Fi iLiture
Bed Steads, Tables,
Wash Stands Safes,
defy competition in regard to
quality and price. You wi 1 be
surprised when you hear my prices
Come and see. If not in stock
can supply you in a fe;v a: p. I
have a nice line of
at prices that will surprise you. I
keep a full Tline on banc! !or im
mediate supply. I buy
and run my planing machine, and
all . persons who wish any thing
in this line, will do well to call
and see me. - . 1 .
Very Respectfi ' r,
Concord, N. Cf- July,13. 180:
Cotton and Farmer. .
It is "gratifying, indeed, to see
from reports all over the, Janpi. jtpat
indications point ta a still greater
rise ln.'tne price of cotton v Besides
encouraging remarks irom couou
dealers and ... manufacturers in our
own State, the Atlanta Constitution
"of Thursday morning pnbl i s h.es an
inter wiew with Mr. J C Lewis, a
well known cotton buyer of New
Orleanse, which contains the pre
diction that the price of cotton will
go still higher, and its prefatory re
marks, speaks very cheerily of the
proipfcci of ten cent cotton in the
near future. This will please the
Electric Bitters is a medicine
suited for any seaor, but perhaps
more generally needed, when the
languid exhausted, feeling przyails
when the liver is torpid and slug
gish and the need of a tonic and
alterative is felt. A prompt use of
this medicinov has often averted
long and perhaps fatal bilious
fevers. No medicine will act more
surely in counteracting and free
ing the fystom from the malarial
poison. Headache, indigestion,
Constipation, dizziaess yeild to
Electric Bitters, 50c and $1.00 per
bottle at Fetzer's Drug store.
SEMI N ARY
A Flourishing School for Yourg-
On amen tal .Brat chea Receive
REV. C. t. T: FISHER, i. M
.-. -(' Principal,
MOUNT PL AS ANT. N. G
Our new "devil," Harry Hendrixf
is a hummer with horrs.
. ..it xi - li j i .4 J '
i i i
IS JUST AS COOD FOR ADULTS.
WARRANTED. PRICE 5Ccts.
Galatia, Ills., Nov. 13. i?03.
Paris Medicine Co., St. Louis, Mo.
Gentlemen: We sold last year, boales f t
GKOVE'S TASTELESS CHILL TONIC ml bar
bought three gross already this year. In 1 ; sr ex
perience of 14 years, In the dru? b':--:r.'-' r .ra
never sold an article that gave such universal m.i
taction as your Tonic. Yours truly.
Abnev, Cat.-. A "3.
For sale by all druggists.