M
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ATAl'-'iA COi'NTY, X. ('.. VIirilSDAY DIX'KM HllW V-K l.il.
NT). 8.
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Deal , wii j" mm will '.'irt'j a
p r li ji".
-..autri. An.jr Kt
once
.
Read
and'
V
ii
P.'ilowir.iv letter pivts you
; cf how the Policy Ilokl-
i:s t t.-.e
Equitable Life
veil w'.tli tl.e result of
thiir iiiv.iti iiit.
GxFS-xvn r.F, S. C. :i 4, ;Co3.
V. I K i vi Rod: It'll. S.C.,
I,r;ir iiir : - In irjily I youisifU'e
rM't cf Jc'y. R'vii'K '"- rc-ulis f my
To-.itiup IVluy ii t'li Ivjiii ::;::!,
v. ii-.li s:-.y tliat I am iiuvetli.vi !, si.- l
v.ith ilie roMilt. I Iisvj (l.i.-1'.lrd tu
t.ii." tli? c:l-, siirrci.ilcr v:ilu? of Jr.y
jrV.'jv. Let me kv.ow at o:'.co wh.it
ti'.l. Iluvel ecn o! t of t - w l lor
touic tiiiic. Vciv trillv,
L. M. ;:o-,-,:x.
Tlie fOon:.-T yea scour'? a x: Vy
the Focnsr you wi'.l derive t;:e
bent fit run! the lo: :i it will co;:t
you. Write for fixts and fig
ures to-uuy. Address
V. J. R0DD1Y, Mnnn?er,
For tli Ctralicar, Rodi I'ii:, 5. C.
li:()VESSl()XAl.
B. t'OUXril.L, Jk.
ATTOltN'.V AT IiA X.
I'OCMIO, X. C.
Y. 11. COUXCILL, M. I),
lioonc, N. C.
Itnsidont IMiysiciati. Office
on King Street north of Post
Office.
A710RXLY.U LAW,
M.viriox, ' c
-(G)-
Will practice in tV co.trts ol
WataiU' i.Ashc, Mitel U,M-Iknv-oll
iiixl nii ithev mini' rs in tin1
western district C-ySjn in ntteii
t-iou jiven to tha rollcetion ol
IiiiniL'."fe2
W. B. Coiint iil M. U. T. C. Eliscl.burn.
Ujoac, S. C. Zioiivilie, S- C
Council! & Biacklmin,
Surgeons.
(If JiuiuiJU
vorCiiUantleiuMl at all
horns "it
June 1, '9-.
E. F. LOVILL. J. C, FLKTCIIEJt.
LOVILL & FLETCHER
ATIURM'A'HAT LAW,
BOOXK, N. rj.
tSrSpccial ni tration given
to the colh-tlon ofchumsr&i.
NOTICE.
II ota Property for Sme.
On account of failing health
of mvwlf and wife, I orfer for sale
my hotel projK'rtv in the town of
Boone, North Carolina, and will
tell low lor cash and make terms
to suit tii;; buyer, and uiH take
re,.l or pnsonal property in ex
change. Apply ho'mi.
W. L. I'UYAN.
POa nTPPEPSTA,
Tn(3!i','V"n, mii'I stojiiai'h rtior,l -T, Jure
All decent keen li. pet "entitnehM -
IiJ4UWl'? 1LJ.-.
teaoiarli and crossed ivJ luwjua wruppur.
ll
I ill" ! 1st '-Muii of ('-:' -;vsn
I! e (' d S important aUH'tld
C.'T t if 11 Is t ! X 'tltt'd
' i' rt i( ! v and with rt'iii!
1:,
.iii-Im am to '1 n e-
:i':i'v annui'ini'iits m." will
i nn !irt r:i!rs duty. I
still Vi i v lt citlfiliv in f.i
vo1' P: r 1 ' 1 -"iil si 1 hop
Ti'i: t oAij sr;!i:!i! i.i:
I
1U ,!,...!'.. . I I . , .111, I 1,1 ,! I. I
i lindi r v i t iiir ::iri :i vat i.
to v, f. ..very Jin ! t !( ! of iliff, -
oiitial thiy in fiivor of iclintd
f tiaar i tola n out of on:- t.::
i I. ..m . l... t
' U ll . II, l II M M l I III' 1,1 M
'. . .
, now ncco: (led tlio su;ar i'1
'fiiiiiii!; interest in our ta:iif
laws, it still languishes to
:!ie extent of closed refineries
Hid t liousaii'ls of l:: clia! g( (l
workmi'ii. if wouM wem to
present a liopelcss case for
icnsonaMe legislative ni;l.
Whatever else is done o r
omitted, 1 ';u lastly repeat
hero the iccoinuiendation I
have inad in oiuitlier por
tion of this coiuinniii'-at'on,
that the additional dnt of
one-tent b of a cent jn-r j m ri ; (
laid upon FtiLvar imported
from counties p n y i n g a
Ixainty on its export We
abrogated. It soeisis to tne
that exceedingly iiaportant
'onsideratioiiS point to tin
property of this amendment.
"With the ad vent of a ir.nv
tariff policy t ot only caleu
latcd to relievo the con-inin-eiH
of our land in t he cost of
then' daily me. but fo invite
a Wetter development of A
merie:,.:i thrift and create for
us closer and nu i" profitable
eommci'cial relations w i t h
therest of the world.it follown
asa higieMl, imperative neces
sity that we should 'fit once
leinove the chief if not the
only oWstncle which has so
long prevented our pnrrieipa
Hon in the foreign carrying
trade to t he sea.
FKEE SHIPS
''A tariff Wuilt upon the
tlaory that it is well to cheek
imports, and. that a home
market shouh' Wound the in
dustry and effort of Ameii
can produces, was fitly sup
plemented Wy a refusal to id
low American r gistcry to
vessels Wuilt abroad, though
owned and navigated by our
people, thus exhibitinga will
ingness to abandon idl eo 'i
test. ror the advantges of
American triitLs-o'-eariio car
riage. Our new tat iff poli -y,
built upon the theory tlnit it
is well to encourage such im
portations as our people
need, and that our products
and manufactures should
find markets in every part
of the habitable globe is con
sistently supplemented Wy
the greatest possible lilieity
to our citizens in the owner
ship and navigation of ships
in which our products and
manufactures may We trans
ported. The millions nov
paid in the foreigners for car
rying American passengers
find products acioss the seas
should be turned into Ameri
ean hands. Shipbuilding,
which has been
PUOTUACTED TO STRANGULA
TION, should be revived Wv the
, .,rto , Mfi. rie. H t nblo em-
niiwvv j-.--
t.it :,i act 1 .(- .!
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I A al'i 0. nl ;il.l iiAH'i! liv
Aiiuicuis nj";irs i:: tin
li;:lit ct fi.'Miit cdiiiiil i.iii.-
t linlv til !n ;l t;ii!llli for
in' n -an r a
KKI.IC Of IIAI:l!A!:IS.f
than anytliii. r tliiit exists
.! in or the M'nnision of a
. , . . . I Ll . .
istatuto of thi' I iilti'u ,S!at
I earnestly ict'ounuoud its
prompt repeal,
rut: su rkt.vky's financial
srnLMi:.
The Secretary of the Treas
ury presents in his report a
scheme, modifying the pres
ent banking laws and pro
viding for the iss'ie of circu
lating notes by
STATE hanks free from tax
ATI ON,
u n d e r ertain limitations.
The Secretary explains his
plan so plainly and its .ad
vantages aft' developed by
him with Siich remarkable,
clearness that any effort on
my part tr pres"iit- nigu
nient iii its support would
We superfluous. I shall, t hc-e-loi
e, conti nt myself with an
unqualified endowment of
f h e Secretary's proposed
cirrigesin thelaw and a bi i f
and imperteet statement of
their prominent features.
It is proposed to repeal
all laws providing for thod(
osit of United States bonds
as security for "irculat ion;
to permit Xational banks to
issue eiiciil iting notes not
exceeding in amount 75 per
cent, of their paid up and
nnimpared capital, provided
they deposit with the (5ov
ei nment as a guarantee fund
in, United States legal tender
n otes including treasury
notes of lh'OO. a sum equal
in umoant to '0 per cent, of
the notes they desire to issue
this deposit to be maintained
at all limes; but whenever
any bank retires any part
of its circulation a propor
tional part wf its guarantee
fund. shall We returned to it;
to permit the Secretary of
the Treasury to prepan and
keep on hand ready for issue
in case an increase in circula
tion is de-si rod blank Xnt ioiial
Wank notes for each Wank
having circulation, and to
repeal the provisions of the
present law imposing limita
tions and restrictions upon
hanks desiring to reduce or
increase the i r circulation,
thus pel mittingsuch'increase
or reduction within the limit
of 75 per cent, of the capital,
to lie quickly noide as emer
gencies arise. In addition to
the guarantee fund teqnired,
it is proposed to provide a
safety fund lor theimmediate
redemption :f thecirculating
notes of failed Wanks, Wv im
posing i small, annual tax,
say per cent, upon the av
erage circulation o f each
Wank until the fund amounls
to 5 per cent, of the total cir
culation outstanding. Wle-ii
a Wank fails its gnu ran toe
1
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i.ViiiV.l-!.-
. i ii,.- iiii'ii. (T.itf ly Inpic.- tn'atf.l Iiy tin-
!. c::s!: a-s ts ot s.iiJ 1 m:i s -i:ii', iiu l i'linir t!n for
it tli.--i- slionl I lie , in i l itions A In fovi-ri;-
in -i.'
tu l i
: nt sii-li i ii pan iiit'ii t j iiimi t , wcrcall iipiT ntiy tnm
i:.k!i jr"oil liv i'lorata locint coul'l ili siic, ami 1 1 -
;hS sMimit .niior.y; t h otln-r j I'nnncial rcfo'iimcmlatioiis
i-!!:ks, tl'.i ir coi.fr:liiitioi M;( ii;itiot h f oU v umlt'i'stood
i
coi-stitiiiir.; a tiir Iii n upon , until oonsiili-ri'ii in roniicc-
to;t!.i" a?i ts ,f tlic faili-il hank
in fa voi ol 1 1 . cont i ilmt in--j
War.fcs. Aa fur! !i"t-si ri!i it v it
)iit"iiip';lti d that the
tiiiT ptovision, living thojndi
rm.il u t.i;:.: l
hold ts i ; to I",
the bank's he
. i i
o' t he sto-!
ret ain"d a ml
"bto luoss on
ilCCoUi'.t of
notes is to 1
its circulatiier will be the result of those li
te made a first mancial recommendations it
lictl oe, ail it. assets
purpose of meiting the e-j
pense of print iug notes, ofii
cialrinier vision; Cfim -el la t ion
findo'hei like clnirges. there
shall bo imposed a tax of say
V, per cent, per annum upon
the average amount of notes
in circulation. It is further
provided that there shall be
no national b nkuoten issued
of a K-s denomination than
1 (); i !i iteaeh Xational bank
except in the case of a failed
bank, shall redeem or retire
its notes in the first instance
at its own office or at agen
cies designated by it and
that no fixed reserve need We
maintained on account of de
posits. ''Another very important
feature of this plan i the ex-
j, Miiption of State banks from
xatioii Wv the U. S. in ease
wlwn' it ij shovn to the sat
isfaction of the Secretary of
the Treat-iffy and Comptroll
er of the Currency Wy banks
claiming such exempt ion tha t
they have not had outstand
ing their circulating notes ex
ceeding. 75 per cent of their
paid npand and unimpaired
capital that their stockhold
ers fire individually liable for
the redemption of their circu
lating notes to the full ex
tent of their ownership of
stock; that such banks have
kept and maintained a guar
antee fund in United Spates
legal tfnder notes, including
treasury notes of 1800, equal
to oO per cent, of their out
standing circulating notes
when presented at their prin
cipal or bi '.inch officers.
"It is quite likely that this
scheme ;uay be useiullyamen
ded it) some ol its (frtails but
I em satisfied it furnishes a
hnsia for very great improve
ment in our present banking
find curienc.y system.
'T conclude this communi
cation, full y nppreciat ing
that the responsibility for .all
legislation affecting the peo
ple of the United States rests
upon their Representatives
in Congress, and assuring
them that , whether in ne-.-or-(iance
with recommendations
I have made or not, I shall
be glad to operate in perfect
ing any legislation that tends
to the prosperity and welfare
of the country,
Signed (Jhovku Cleveland."
Executive Mansion.
Washington, 1). 0. Dec. 3. '9-t.
Woni i n You 're t he ti rst t rn m p
seen about here all summer.
Tramp Yes, ma'am. I always
was noted tor my enterprise and
push. Harlem Wife.
NO m i.'i'fViT WT
' , ' ! ..V
l'l.-i'li'iit 'I'-vd in I w:is mort
;it'.'!itivly listfiii'il 1o tli in
tii it M-nt in toil.ty. Tl.'
'tion witli Si cn-tary 'nrli.!i's
animal ivport, to Wo sent to
l.'oimioss to-niorrow. lii'-ii
exis-'eantaius t If details of the
plan for reform of the cur
!-;rei!cv ('f he count iv which
the President so strongly en
dorsed in his m "ssage. What
i' or thejwiil be imp issible to say nn-
tii the sentiment ot the dem
ocrats has had time to We
conie apparent.
Speaker Crisp looked quite
as good untitled when he
rapped the House to order
as he could possible hnv
looked hud a maj jiity of the
House been us fortunate as
himself in getting re-electfd,
and his own re-election of the
pi'iikership Ween assured.
Indeed, the most noticeable
feature on the democratic
side of the House, aside from
the entirely too numerous
empty chairs, was the pre
vailing good nature of those
who were defeated ' 1 a w t
month. If the repuWlicans
expected to see an array of
long faces they were disap
pointed. There have boon i numWer
o f informa! conferences o f
democratic Senators and Ue
presentativesf or the purpose
of discussing the probability
of reaching an agreement on
a programme for the s"ssion,
a: il there is some talk of
holding a joint .caucus and
requiring evf rv uian who at
tends to pledge himself to
stand bv whatever program
me the e.Mi'T.s adopts. 1 f
phHigert could be secured
from a sufficient number to
control both House and Sen
ate that wcuid be and excel
lent idea, but it is certain
that there fire six or more
democratic Senators w Ii o
would not pledge themselves.
lake numerous other fake
stories, that asstrting that
President Cleveland was of
feuoed with Admiral Walker
because of the report lie
made on affairs in Hawaii,
has been disproved in a strik
ing manner b y. the official
order placing Admitvl Walker-at
the head of the Light
House Hoard, a position that
is considered by Xavnl officers
one of the most desirable un
der the government. The
President seems to have n
special liking for this method
of knocking out silly stones.
It is much Wetter and far
more convincing than a
stereotyped denial.
Treasury officials take no
stock in the stories that Con
gress will refuse to appropri
ate the money needed to put
the income tax into opera
tion, for the very simple re:
son that there are -no morel
p.i i -ii
opponents u mat taxin eon
er Senate o r House than
1 :;-.t
of the
t..
ii:itt
c.
i ;
ll Ills O! T ; .1
i;ol
1 in
prevent its b leg
the t.u ili Will. the.V o'l taiiipj,
.aunot prevent fin appropri
ation to put it into effect.
There is reason, too. for the
Weliel that Senator Hill, who
led the fight against the in
come tix in the Senate, will
not only ref ise to aid in try
ing to defeat the appropria
tion hut will hbnself vote for
it. as he is on cord a op
posing any and .-ill attempts
o unharras officials Wy with
holding Appropriations as! -ed
for, to be used in carrying
out existing laws.
Ih'piesentatv.? Cooper, of
Ula., thinks the proper way
to fill the olli ( of po.itrnas
tei is to have him elected Wy
providing Mierefor. lie is al
so strongly in favor of the
adoption of some system of
currency reform that will give
the needed e'a ticity to our
currency, either that propose
ed Wy Secretary Carlisle o r
something pise upon which a
majority can get together,
and of a Will providing for the
building of the Xicargua ca
nal. He says that if he could
have his way he would make
this session ot Congress,
short as it will be, memora
ble in the history of the dem
ocratic party. It's a, pity
there are not more demo
crats of the same mind.
Although nothing can be
taken. there Is little room for
doubt that the subcommit-'
tje wh'ch went to Cleveland,
Ohio, to investigate charges
against Judge Ricks, of hav
ing appropriated fees proper
ly belonging to the govern
ment to his o vn use, will in
its report to the Judiciary
Committee of the House take
the ground that the charge
was proven, in fact, virtually
admitted by Judge Rickp
himself. It is thought that
the quest ;on o.' whether im
peachment proceedings shall
be instituted w ill We left for
the full committee to decide.
The commit tee wi'.l make its
report to the House before
the holidays, unless some
thing not now7 expected shall
prevent, and it is expected to
favor impeachment.
The sugar scandal has
raised its ugly head again,
and the same democratic?
Senators whose nataes were
most conspicuously smirched
during the preparation of tin1
sugar schedule of the tariff
bill are again figuring' in the
rumors in a manner that is
decidedly unplensantto dem
ocratsgenerally, howeve-' th?
ratio of Senators may look
at the matter. Many demo
crats are in favor of settling
this business for good and all
by just putting all eugur on
the free list.
in Chic: go.
Mrs Fourth ilow do you
like your new husband?
Mrs. Second (with disap
pointment) Well, he's some
improvement cm the first.
Mrs. Foirth (encouraging
ly) Don't despair, my dear
I lelt just as you do aWout it-
i... l ... i ,.
i u cue ur-gnnnn- i.-n
I v ree Press.