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1 1 8rhMKiTHrtttr flfrhsmicr.
W, d, as Baooro-CiAsa mattm, ....
THE f All TAXES ON BANKS,
AWirig to the official statements
nf thft TreMoierirtho -revenue -inow'
'raised under existing laIS from 0125?
000.000 to 15O,0OO,0O0i orrrrrand-abOYtt
any jgossUle need otftLie government,
and witn anything like economy on the
nart of Coneress. the present laws
ought to ' yield h much larger amount.
The question of a reduction of the rev
enue (which, has been before Congress
since its meeting in Decembei) is one
of the most important matters likely
to come before that body the present
session. One feature i3 the attempt to
abolish the twv. cent stamp duty on
bank checks, aud the necessity for the
repeal of the unjust and burdensome
taxes levied by the general government
oli deposits and circulation of banks.
This is a matter of great interest to
merchants, manufacturers, not less
than to all who are engaged in mechan
ical and agricultural pursuits, because
whatever affects the finances of the
country affects everybody. When the
matter comes up we hope to see the
North Carolina delegation in Congress
act as a unit in voting for the repeal of
these war taxes on the banks, because
if the rate xf taxation be lessened the
rate of money will be lessened in pro
portion, and the advantage will be en
joyed by the common masses of the peo
ple even more than by the banks.
The odious 2 cent stamp duty on bank
checks needs no explanation. It is un
derstood by all business men, and it re
quires no argument to satisfy any one
that it should be abolished. A will de
vising millions of money, or a deed
conveying large landed estates, and a
mortgage securing thousands of dollars,
can be executed without paying a cent
of tribute to; the general government,
yet the man who gives his check for
one dollar on a bank has to be subjected
to a tax of 2 cents on that dollar. Is
this fair, or is its unfairness too plain
to admit of argument?
Then again : The revised statutes of
the United States provide that the fol
lowing taxe3 shall be levied upon the
national banks :
1st. One per cent, annually upon the
amount of notes in circulation.
2d. One-half of one per cent, upon
the amount of deposits, and
3d. One-half of one per cent, upon
the average amount of capital not in
vested in United States bonds.
The circulation of national banks is
based upon government bonds;-
banks first purchasing the bonds, .and
then hypothecating these bonds with
the Treasury. Upon" these bonds the
government grants a circulation to the
amount of 90 per cent, of the par value
of the bonds. When this statute was
passed taxing the circulation of banks
the government was issuing six per
cent, bonds, and they were selling in
the markets at par or less. Then the
powers granted the banks in issuing
circulation, upon a six per cent, bond,
was a privilege. That privilege was
profitable, and it was proper that the
government should levy a tax for the
enjoyment of that privilege.
To illustrate, we make the following
calculation of the exact profit there was
in the circulation granted to banks on
a six per cent, bond at par:
It took $100,000 in cash to buy
$100,000 in 6 per cent bonds.
This gives (90 per cent, of cir
Reserve fund under the law .... 13,500
Total net circulation. . . $76,500
This loaned at 8 per cent 6,120
Add 6 per cent, interest on $100,
000 of bonds 6,000
Total . $12,120
Less 1 per cent, tax on circula
Net '. $11,220
If this $100,000 capital was loaned
out at interest it would earn $8,000.
Then deduct this sum from the $11,220,
and we have the sum of $3,220, which
was the net profit upon the circulation
derived from $100,000 invested, and the
privilege granted a bank upon a six per
cent, bond at par, and which was 3.22 per
cent, upon the capital invested, over
the ordinary, interest of 8 per cent The
banks were then receiving a benefit and
a profit from the circulation, and were
both able and willing to be taxed for
Let us submit a calculation made
upon government 4 per cent, bonds at
the present prices of about 19 per cent,
above par: "
In cash, $100,000 will buy, In 4 per
cent, bonds, $84,000.
This gives a circulation of 90
lteserve la.per cent 11,340
Loaned at 8 per cent. $5,140 80
Add 4 p. ct. on $84,000 bonds. . 3,360 00
T ?&t $8,500 80
Less 1 per cent, tax on circula
tion 756 00
;Net . SM.IdA so
It will be seen that the balance falls
upon the wrong.side of profit and loss.
If we deduct the $7,744.80, the profit on
circulation under the existing law, from
$8,000, which ought to be the interest on
the capital loaned if not invested in
United 'States bonds, we find a positive
loss on circulation of $255.20. This does
Hot include what is considered an extra
tax which the banks are subjected to in
defraying' the expenses of the national
bank note redemption department,
which has to be borne . by all national
banks in proportion to their capital
Htock. If this privilege of -issuing cir-
' culation ceases to be profitable, and as
arihttn' liv the above -calculation a
positive loss, then every rule of justice
and equity requires that the tax should
Tbefi fee Mber reasod5;hy these
excessive taxes ; sbouM be repealed :
When the tax was levied the credit 6f
the government was such that bw bonds
bearing per wnt. interest were
keted at jarNgf atthbra aWJh
n,. MMmmnf: ia distrainer of bonds,
her Interest costs her less" than S per
cen for it has been adduced fcy a
mathematical calculation, that a gov
ernment 4 per cent bond, due itnd 'paa
ble in 1907wlll yieldl oBly 3 pf ent
Interest at $18.40 above par Thfe being
a settled -fact "at' the present plfce of 4
per cent bonds demonstrates - that the
credit of the government is so good
that she pays annually less than 3 per
cent upon. the loans, which is proven
by the act that her 4 per cent bonds on
yesterday sold on the market in -Jfow
York for 118 after the April interest,
has been paid. Formerly the bnuks could
hold their reserve funds in compound
interest-bearing notes, or in govern
ment 6 per cent bowls. Now. they must
hold their reserve f tradsMn dead money,
yielding no interest, and in order to
make any profit whatever, in every de
partment of their business they must
come down to small gains and a most
rigid system of economy. . '';
The question very naturally arises,
why issue circulation at all if it involves
a loss? The answer can only be found
n the fact that to retire the immense
amount of circulation now outstanding
would cause the circulating medium of
he country to be reduced over $300
000,000, convulse the financial system of
the government, and' carry in its train
bankruptcy and ruin to the business
interests of the country. We believe
the banks could stand it for a time at
least, but the psoplecooid not
Now we come to consider the third
point in the argument we set out to
make, and that is in regard to there
peal of the tax by the government upon
deposits in national banks, savings
banks, State banks and private banks of
one-half of one per cent A deposit is a
debt, due by the bank to the depositor.
It is not an asset but a liability, and
our representatives in Congress should
remember that oufs is the only country
under the sun that imposes a tax upon
a debt. The policy is simply indefensi
ble, imposed in the extreme stress of
necessity, arising from the war, and
when the pressure upon the Treasury
was at its height This necessity no
longer exists, and this unjust burden
should be taken off. 1
When the war was over Congress be
gan to consider the .reduction of the
war taxes, and relief has been granted
from time to time in nearly ; every de
partment of trade and commerce. 1 1
has been left for banking capital, dis
tilled liquors and tobacco to continue
to pay the exorbitant warlevies.
The bill for the repeal of these taxes
has recelved the approval of 'the com
mittee, of ways and means, and the
business 'Weresti : of the .country re
quire that it should become a law. We
bone and tout -that we snail see no op"
position to1 its repeal "among the North
Carolina delegaMpn. ja Congress. It is
not a political issue, but purely a busi
ness matteiVand the passage of the bill
will be an evidence" 6f ; he progress of
It is to be hoped that 'whatever Con
gress may do or leave undone, it will
not fail to remove these Tmrdens from
commerce. These taxes were ' war
measures, levied for war purposes, and
should be repealed in time of peace.
THE CHINESE BILL VETOED.
The President has yielded to the pres
sure brought to beat by the opponents
of the Chinese immigration bill which
had passed both Houses of Congress by
such emphatic majorities. He dallied
with the question so long, and wavered
so much, leaving both sides to believe
by his actions at least that he favored
their views that we cannot attribute
his action now to a strict sense of duty,
but rather to a disposition to follow the
advice of those to whose influence he
surrendered himself. Did we think
him actuated by a sense of duty we
should applaud the act however much
we might differ from bim in the rea
sons which governed his action. Under
circumstances like those surrounding
the movement, support and passage of
that bill no light reasons should prevail
in prompting a veto, and thus endeav
oring at least to crush the hopes ot
hundreds of thousands of American
citizens who inspired the movement,
and prayed for the passage of the bill.
It was no mere matter of sentiment,
nor was it a simple race antagonism.
which was made the , chief basis of op
position when the bill was under dis
cussion. It was a life and death strug
gle with them, an effort to be relieved
from the overwhelming incursions of
the Mongolian hordes who are over
running the Pacific slope and will, If
the tide of immigration continues, in the
course of time, have it completely in
The President assigns nd reason or
argument in his veto message which
was not urged and met in the discussion
of the bill. The objection to the period
or twenty years is a mere subterfuge
for it might be argued quite as plausi
bly by the advocates of free immigra
tion that ten years, as suggested by
some as a means of compromise, was
an unreasonable time, top, and in vio
lation of the "spirit if not the letter" of
the treaty with China. If ten years be
not a violation of the sDirifc ofthft
treaty then twenty is not. . Thafcis a
mere evasion of the true issue and a
pretense to justify opposition where
good reasons could not be found.
In this matter our sympathies have
been enlisted in behalf of the laboring
man of the Pacific States, but if we re
garded the veto from a merely political
standpoint we should rejoice at it for
we think It will create a political revo
lution in those States and be the means
of placing them in the Democratic col
umn in the next national contest How
over much we would be gratified by
ima wewouia still rather see an em -
nargo put upon the promiscuous in
uwwuk VL lue Jaongoiian nordes that
are overrunning that fair portion of the
Bepublic : ' .,' ' ' f Sii w
. m t r1 l-' ' '" -;"
The Catawba Mannfactnring Property
Not Sold. i
We copied a little article a day or so
agq Xonv the Newto Enterprise, in
wmcn lepras: stated that 'Mr.. John 1.
Cobb, receivervhad made a sale ot he
property oi tne Catawba manufacture
ing company, but it turns out lb5 have
hnAn ft rnlnfftlrn. fr fnVV, .t-
Wmv n uvea ua,
4,,! uo huw e k vwu ouiu, auu Mini
he isstill open to negotiations."
The Won rnntinnea the Disengaimi of I
the Army Appropriation Bill, Which
Calls Out an Animated Debate on
' " I
V Some of the Amendments
Washington,; April . 5.-Sena
The bill admitting Dakota as a State
Territories wiinour amenomenc. uai
(ttidar. ' 1 s '" 5-
Jonas, of Louisiana, presented a me
vlo oxchang4 nTw Ortea,
morial received by telegraph from the
tion on the Mississippi levee appropria-
tion Dili, ana opposing any experiment
al scnemes u wnica we ucsl enguieor-
Bead and referred.
- Miller, or uaiiiornia,' introduced a
bill to execute certain treaty stipula
tions relating to tne umnese, identical
with the yeioed Chinese bill, .with the
exception that the term of suspension
of immigration is reduced to ten years.
is made 60 days instead, bt 90 days after 1
and that the time xor ic to go, into e&ecc
its enactment. Referred to the com
mittee on foreign relations. '
Morgan called np his Mexican reel
procity resolution and after some dis
cussion, in which Morgan said that the
resolution contemplated 'legislative ac
tion upon the tarilfs of tne two coun
tries, ft passed without objection.
Jackson, from the committee on
claims, reported a bill referring the
claim of the State national bank of
Louisiana for cotton taken by agents of
the government in 1865 to the court for
The presidential count bill came up
as unnmsned Dusmess,
After some discussion of the status
of the veto message as a privileged
question, Harris moved to postpone as
unfinished business, with a view to
takin&r ud the vetoed Chinese bill.
The vote being taken, Harris' motion
Dre vailed, veas 29. nays 23.
The vote was a' party one, except that
Cameron, of Wisconsin; Jones, of Ne
vada, and Miller, of California, voted
vea with the Democrats. Davis, of II
linois, and Mahone voted no with the
ReDublicans. The Chinese bill was
then taken un without opposition
Sherman moved to refer the bill and
message to the committee on foreign
relations. Sherman supported and elab
orated the objections of the President,
and Darticularly of the Chinese minis
ter, and urged that as there was no oc
casion for haste the measure should be
carefully perfected in committee with
a view or obviating tnese oDjecuons.
Garland expressed the opinion that
in view of the protracted discussions of
the measure in the Senate and House,
it was improbable that any new light
could be tnrown upon it, ana as lutein
sent action could be had at that time
as well as any other. The purpose of
the proposed leference was to bury the
Morzan argued that the motion by
involving the virtual reconsideration of
the measure was an evasion of the con
stitutional requirement of a direct votei
Referring to the memorandum of the
five objections to the bill by the Chinese
minister, which accompanied the veto,
he said he believed this to be the first
instanee in American history in which
a President of the United States had
consulted a foreign power about meas
ures on which Congress was legislating
as trv-wbether the proposed legislation
would be agreeable to that power. So
far as it concerned the President the
objections of the Chinese minister had
been worth more than the arguments
on which the bill had passed Congress.
Charging that the Republican adminis
tration had arrayed tnemseives in nos
tilitv to any legislation on the question,
he arraigned the Republican party for
having assumed a like attitude and said
the Republican leader in the Senate
was attempting to smother the question
and slip around it iy lef erring it to a
Bavard followed in a long speech
against the reference and in defense of
At the conclusion of Bayard's speech
the pending question being; divided at
request of Garland the vote upon tne
first branch to refer the bill to the com
mittee on foreign relations resulted
ayes 18, noes 32. Party vote except that
Cameron, of Wisconsin, lngalls Jones
of Nevada, Miller.of Calif ornia, Plumb,
Sewell and Teller, voted with the Dem
ocrats in the negative. Davis, of Illi
nois, also voted no. The second branch
to refer the message and the papers was
also negatived : yeas 19. nays 29.
On the question, "Shall the bill pass
notwithstanding the objections of the
President?" the vote was, yeas 29, nays
21. So the bill failed, two-thirds not
having voted in the affirmative.
The vote in detail is as follows
Yeas Bavard. Beck. Call. Cameron
of Wisconsin, Cockrell, Coke, Davis of
West Virginia, Fair, Farley, Gorman,
Grover, Hampton, Hill of Colorado,
Johnston. Jones of Nevada, Lamar,
McPherson. Maxey, Miller of Colorado,
miller of New York, Morgan, Pendle
ton, Pugh, Slater, Teller, vest, voor
hees and Walker. Total 29,
Nays Aldrich, Anthony, Blair,
Davis of Illinois, Dawes, Frye, Harri
son, Hawley, Hoar, lngalls, Kellogg,
McMillan, Mitchell, Morrill, Piatt,
Plumb, Rollins, Sawyer. Sewell, Sher
man and Windom. - Total 21r
Garland, . Jackson, Jonas, Ransom
Saulsburv. Williams and Vance, in the
affirmativey werepaired with Edmunds,
mcdul. Aiuson. juogan, erry, naun
der and Conger, in tbrasgatfre.
' HoSB.-s?MeEiotnirig having been
ouspenseae'wiwtrie Mouse, at 12:20,
wtntirngiDommiiES 01 tne wnoie on
thft Armr aBDEOtitiarion bill.
The ve&dins oae&tkm was on appeals
taken. y eatrday-f rani the , decision of
the 5 'chalri- rullnfe in order that Dortion
01 the clausftuBderijonslderation which
pxoviea tor"t!re 'transfer of claims
pending; in the.-uarfejtinasrneral's
department tQ too uparfi o claims, ana
-M- - 4 1 il;. 1 j' J lil M S.
ouLTjx orcrer taat portion winca regu-
The chair staled that fie'nad not yes
terday decided on the point oi . order as
an entirety, but had merely indicated
hwhat portions of the text? would be; and
what would not be in oraer, nan separ,
rate points beea! raisect; ajtaihst' them
There were, therefore,, he ;8aidV no ap
appeals pending, and he. proceeded to
render his decision, sustaining ;the
point of order, and holding thatj as the
transfer feature was in par t otooxious
to the rules, the whole clause must be
eliminated. 1 r" li : j !
Hiscoc'ki of New "ork, " ihenffercd
an amendment providing that no money
J wywuiinwTawnra..ir wre-q.naner
- Thomnaon;.t Ktfirtrvrftrairai tn
I Jimeid the amendment fcy tritf erring
cutims - xo, me uourtr qz uuima where
claimants may desire.
Blackborn.bf Kentucky, in nrmnainx
the amendment,-, said that grftveaccu
satkme had been made against officials
in the Ifteatfermaster "general and com
missary geneidepartment' There
werepracttoes existing in those depart
menta in .the jnatter jjf A adjudicatihg
claims Whh5hJno iionesfi;an conld da.
fend and rw legislator could permit tH
conunue. ' no uau enaenee in bis desk
to that effect which he wouldnot rfead
becansA wmom, practlcfes had prevailed
-A- iln7 f. t
I ues payi"s uiacKman money Were as
IguUty as receivers. That the evidences
practices were correct be
had fakea occasion td satisfy himself by
suomitting, them to jtfaidousmemers
rr?? - " Ul wupwjiroufc aiutiik iuo
jfusv JU n jcajo, UUU USU ACAl UCU1UU
nnar T O TTT YTtft ft Ml .-.. I. J luff
them evidences of .their official miscon
duct in their own handwritine. . Inves-1
tigation or this matterwoiHd come at
Itueiaropetlfaie, and . trwt:soolftmf
'was seekmc 1
to warn tne noose agamsr
a system of ad j udlcatiohTthat was rot-
teirtdTthefcore.Hei was' willing that
any membeKbOBW exajme;j;be papers
nkUli Vi 1 J Z t " J A 3 I -L-
Sr LlA U:'!
tlemai Instead "of -'havttg' a; itde-show
HUMycgjk, Y UU1U
mate - ma cnarces i
'. i r n : : i i
atqti iiT Qrii inAit t .a i
iiiacKourn replied tnat timcnargea as
the papers in his . possession seemed to
present them were ihatnreb'.baaployed
as important clerks jia the two depart
menta had beeh in, thp.babitojf levying
blackmail to the extent' of. 3 per sent,
commission ori'cJaihis 'wfycli they re-
uuuiuiciiucu. uieau( lo say up uivsv,
pat thy wrote recjp, after tips fash-
Received of . 5 per
cent fees in
cases of Georee Jones. J C Smith and
Lucinda Cowgill, dollars and 95 cents.
, J.u MA arland.
McFarland was then. Blackburn said.
as he was informed, chief cterkj. of the
liiackburn stated that when the com-
mitrteed rosehe would offer a resolution
directing the. . committee . on expendi
tures in th war Department to investi
gate the matter. " " ' ,.
Reed stated xnat ne nad lust received
information that J. L. McFarland was
not in the, quartermaster-general s de
partment In 1875, the date of the re
ceipt, but wa3 an attorney in Washing
ton. A long discussion then eh'sued,. touch
ing the merits of he Court of Claims
and theV.quArterma-general's de
partment as a tribunal in which claims
should be adjudicated, enlivened Toy a
brief speech by Mr. Bragg, of Wiscon
sin, who alluded to the "rebel claims"
as a bantling, reared and fattened in
the Republican tent until the Republi
cans nad lost control or the Mouse.
Then it had driven the bantling to a
seat at the door of the Democratic tent,
and said we will cry, "Mad dog," and
when we come back intxrpdwer we will
feed you again. He intimated that the
result of transferring claims to the
Court of Claims would be to admit dis
loyal claimants. ...
Cox, of New x one, favored tne trans
fer and contended that a tribunal
should be established for the adjudica
tion of. all private claims. rhere were
on the calendar of the House private
claims aggregating $911,000,00O4 : There
were $22,000,000 wanted for public
buildings, and the old river and harbor,
steal would come in for ten or twenty
million more. Referring to thb oppo
sition made by Mr. Reed, of Maine, be
remarked that probably some of these
fetid "loyal" claims had been bought up
by cunning speculative Yankees, who
had advocated it around the capitol.
The amendment offered by -Thomp
son was rejected, and that offered by
The committee then rose and report
ed the bill to the House. '
Reed, of ' Maine, demanded a vote
upon Hiscock's amended amendment,
yeas 100, nays 95.
The bill then passed, and the House,
at 6:20, adjourned, . v
Don't be Alarmed
at Briztat's Disease, Diabetes or any disease of the
kidneys, liver or Uflnary organs, as Hop Blttprs
will certainly and lasting!; cure you, and It Is the
only thing that will
To all who are suffering from tht errors and in
discretion of youth, nervous weakt ess. early decay
oss ot manhood, Ac, I will send a recipe that will
cure you, FHKK of CHARGE. Thl i great remedy
was discovered by a missionary lr 3outn America.
Send a self-eddressed envelor, tc the Rev
JOSEPH T. IN MAW, Station D. New York City
Treat Vonr Tectb
Rather than have them puUed Let your dentist
save all he can. You deserve to have trouble, be
cause you have not used SOZODONT. When
properly fixed, then rub on the SOZODONT, and
keep them all right for time to come.
Quick, oompleta cure, all annoying Kidney, Blad-
aer ana uunnary Diseases, si. Druggists.
pot, J. n. McAdeo, cnariotte, u
attacks all classes, at all ages and at all seasons
of i he year. As thweed of this terrible disease Is
In the throat it is directly reached by Darbys Pro
phylacUc Fluid used as a gargle or by swabbing
out the mouth with a cloth saturated with the
FWld. Articles used about the sick should be
rtnsed In water containing a small quantity of the
Fluid, u will absolutely destroy the germs of con
tagion. Metier ! Mothers 1 1 Mothers ! !! ,
Are you disturbed at night and broken ot
rest by a sick child Buffering and crying with the
excruciating pain or cutting teetn t n so; go at
once and get a bottle oi ants, winsluws
SOOTHING SYRUP. It will relieve the poor little
sufferer Immediately depend upon it : there is no
mistake about it There is not a mother on earth
who has ever used it, who will not tell you at once
that It will regulate the bowels, and give rest to the
mother, and.rellef and health to the child, operat
ing like magic. It is perfectly safe to use In all
cases, ana pieasani to tne taste, ana is tne pre-
soTipOon of one of the oldest and best physicians
' and nurse in the United States. Sold everywhere.
25 cents a bottle. '
MARKETS BY TELEGRAPH
APRIL 5, 1682.
- WiuaxexoSr 5plriU turpentine firm, at
88c Bosln fir no ; strained S 1.921; good strained
81.97. Tar firm, at Sh75.;vCrude Turpentine
firm, at t3Htof bard88.75 for yellow dip;
3.0O tlMtmiM-Pi-&Iiai Prtm
Bal.timobs Noon TlGfer BIve and very firm:
Howard streel -and Western en per $8 50S4.76;
Mills, super83.50aiH7fi; Mtra S5.00aj7.80;
Bio Dranasi.uua j.zo. t wneat aoutnem mgn-
er; western-iBaeave, ana easier; Bouwem na
fti.RRftlW43i&Br tl.A5asi.50: No. 1 Man-
land 81.46S$l7jo. 2 Western winter red spot,
$1.87V05r:87."Com Southern higher; Westr
ern irregular and -asler Southern wbtte 89;
Southern yellow a. $f . r.,
baltoiore niignt oats, mgner; oouuieni oo-
and clear rib
nlanr rib nldAi 111b- ham a 1H1. Lard rennea
124- CoSee-lowjer; Bio eargoei Ordinary to air
SnQ)9ik. Bugar-higher and strong: A oft 9.
WhlskeT--teady,;rfli; . S l.I9ffi$1.2b. Freights
v CTHOTHMiTi-Flour, steady and uhcnBBgwfainlly
$5.806.00; fancy 0.5Offi$7.O. Wheat
jSeav: No. red winter 1.80a$l.82. Corn-
strong and higher; No. 2 mixed, 8182 if or cash;
78 for April, Oats strong and lAii
ed, 51a53.ork--firm, at 9l8Xqmi8.26.
active. Arm and htgherr shoulders 7; ribs 8.
Whiskey firm, at 1.17; eomblnaUonj sales f
Snlshad good 600 barrelson. a basia .of SLIT.
SuMarrrtoni hards 9a!0; Kew Orleansma
Hogs dnll amOower? common anu light
5?25aTee; najsktng and butchers 86.40&S7.40.
Nkw Yoei. Southfiro gouTjArm and very quiet j
coarnon to fair extraiafi.2fiffiS8.T0; BOod- to
cholosxtea, 0.7Bg8,2& ,IWMatopened, 1
higher, but subseaue&tlr . lost. tb advance,
clined l2c, and closina ftrm. at a shade over
the inside sales; No. a Spring, $185; ungraded
red 1.10a$1.42Vi; No 2 red, j April $1.4HA-
81.48; May Sl.41UOSl.42tt. iCorn-openeoL w
higher, but subsequently beowna weaker, lost the .
jaavanoe ana oiosmg wita more streBjnn;
, wf fw Monea nigner
art .iMMbt Mpissaes in fan dsmaiu
damand and at l
prices. ; Klce steadily held and; ialr inquiry.
noaui arm, at V&-Zy$aiS-t'fr- xurpenune
held decidedly higher and unsettled, and quoted
at 6&?:irocl-Hk?euaingt Domestioyfleees; 84048;
ysxal Jl4fi0v-Potf--oldai.82tt81A75: new
f IJ.50jfMMsyold 817.00; new April 817.45
817.60',May. 81702iSi7.55. Middies-quiet
.Mia. flrnv aad cr tees asmlfiallT unchaneed. Lard
:Jffl,m andopenedo higher, afSl I.50O-.
ii-.'iawrpru at su.45rx811.50. JTreigbtatQ
53ool arktattu.- Oottoa. ef sail M2dffi
88tl; per steam 5-82dVid. faeat, persteanq
ficA5B noi z, Apry aeuveryisv- o
StrongTTio, 8. 615. :) Bopsi-dulLeak and up.
changed; Tearlinmf 12020. 'Tooffee-duttj aid,
trices somewhat nominal: RW saffl 18, Sugar
n a a:
and complete. We keep the best
braces a full line ot Goods of ail eradaa.
igjUniiiaall totafl HafcaaUBAaallaft thamivao
Galveston Stead j : middl
middling HSfecs Kw JnO-
aaw, .w. jjint
ago.-nos;-r-ri sales add: tet in r.y?.
nnna Mwonn Hd va
oonttoffll'rr-j-; t u Ffajice. rr ; to channel
'NOBTOtt DiilU wtaditng' ;'n 1 i'i Qui set wcti
8,000j gross ; rtoeu 8,37H; exports coaat
wl i-; salM:l,250. experts to Great' Britain
: to continent ,..,.,.,,5 ; .,
BAtTljroBB-MJulet: awddilBff iaUei low mid
dling 11:; jgoodordinariilOc; net receipts 61;
Hi sales t72; stoca -85,6081 expons
exports to Great
1 Bosei--8teaiy;jiwaitog l$Ut low middling
llfaU .irood. urdlaain:4r c rBoelpts H62;
Sos 1.176. sales , stock 9680:. export to
reat Britain to Trance .
WiLMiifGTOK Steady 'i'iniddllhg llc;low oiid
Iltitr il 8-lt)c; good ordinary 10 5 18c; reeelp s
168; gross ; sales ; stock 5.487; exports
coastwise - ; to Great Britain ; to
' pmiiiDKLraii Steady; middling 12C; low
middling Ulffood ordinary 10ci net receipts
lrf)98 gross 1,827;. sales ; spinners : stock
1.629; exports Great Britain 5)5; to continent
Satakmah Quieti middling llc; low mld
dllog" llic; good ordinary 10c; net receipts
1,031; gross : sales. 950; stock 47.422;
exports coastwise 671; to Great Britain ;
to France i to continent -.
Nrw OBiiKASS Steady; middling 1 2c; torn mid
dung llljfec; good ordinary lll&c; net receipts
1,588; gross 1,614: sales. 8,500; stock 240.735;
exports to Great Britain - : to' France 4.674;
eoasfwlsa' 1,589; to continent ; to chan
nel ' .
Mobhjb- Quletj middling llc; low middling
HVh9; good ordinary 10c; net receipts 61;
gross ; sales 250; stock 23,892: exports
coast 61 If France ; to Great Britain ;
to continent .
Memphis Quiet ; middling 1 le; low mid
dling llc; good ordinary lowc; net receipts
307; gross ; shipments 1,072; sales 400;
Au&DOTA Quiet; middling low mu-
dllng lie; good ordlnarv 10V; receUt 197;
shipments ; sales 845.
Charleston Steady; middling ll&c; low mid
dling llc; good ordinary llVfec; net receipts
416; gross ; sales 500; stock 26 274:
exports ooastwlse . : to Great Britain if,410;
to continent ; to France ; to'chan-
NiwTobk- Du;i; sales 804; middling uplands
12 l-16c; middling Orleans 12 5-1 6c : consoli
dated net receipts 7,109: exports to Great Britain
4,405; to France 6,674; to continent ;
Lmkpuoli Noon Moderate inquiry freely sup
plied; middling uplands 6E&d; middling Orleans
6 18-16U; sales 10,000; speculation and exports
1,000; receipts 6,800; American 5,900. Uplands
low middling clause: April delivery 6 89 64dQ)
6 38-64d; April and May 6 39-644 6 38 64d ; Kay
and June 643-64dS6 42-64dfflB 43-64d; June
and July 647-64d; July and Aogu3t 6 52-64d;
August and September 6 51-64d; September and
October 6 47-64d. Futures steady.
Nkw York Net receipts 1,344; gross 2 680.
Futures closed dull, but steady; sales 73,000
July " 12 41S.42
August 12 5401.00
September 12. 15a. 17
November 11833 34
Governments generally higher
Four and a half per cents,
Fnr per cents,
State bonds inacUve
8ub-treasury balances Gold..
" " Currency,...
Stocks Fairly firm:
Alabama Class A, 2 to 5
Alal lama Class A, small : r -
Aial ama Class B, 5's
Alabama Class C, 4's.
Cb)vigo and Northwestern
ChLago and Northwestern preferred,
Illn ols central.
Louisville and Nashville
M H . phis and Charleston
Nasi lll aad Chattanooga
New York Central
Rich mood and AUegheny
Richmond and Danville
Bonih Carolina Brown Consols,
Wabash, St. Louis ft Famine.
Wabash. St. Louis & Pacific preferr'd
CITY COTTON MARKET.
Office of. The Observer. (
CHARLOTTE, April 6. 1882. 1
The market yesterday closed quiet at the fol
Oood Middling. TX
Strictly middling, 11
Strict low middling; 11
LowmiddllnK ... K'i
Tinges. .-.. v. 910Ms
Storm cotton 5K8t
Sales yesterday 78 bales.
2! cur (Ttrertisetucuts,
"VTICE four room Cottage, conveniently arranged
C. W. FDDINS,
Something Nice aifl BeautM
TTAND-PAINTED KASTEB EGG 3, In Nests, at
Establishf d 1782,
j Assets Over Five Million Dollars,
BA3 BEEN ADDED TO MY AGENCY,
Making the total assets now represented TWENTY
The par value of the stock of the "Phoenix" is
one hundred aoiiars per snare; tne latest saies
were nineteen hundred and seventy-five dollars,
or nearlv twentv times the nar.
Hiiouidlnot nave time to visit you in person
dally and bore you a little you know mr neaa
fluarters, call in. C. N O. BUTT.
- apr6 thuAsun General Mre Ins. Aeent
ISEW MILLINERY STORE
Traf e Streeet, 2 doers East ef the Court Rouse.
The Ladles of Charlotte aTe esDeeiallv in
vited to attend our SPRINrt OPENING of MIL-
UNEBY and FANCY OOODS, which begins
LiiWrpflei ; th legt Selected Goods, and the Most
AseBuuioi ispiay ever mace id unarioue.
last speurtd' the services of an EX
-IIKEB, whose equal Has tutor been
-CgtiuB SIOCK OF-
R k kit- . il
SPRING AND SUMMER
looda mndA n11 mil thorn ntVlia
and STSion. r.Hhi7 SCS kT."" !XJgL2V- MttMaetloa to all oiircha
crfthi imih A n .SnJr "D'"K
iff iiwi i
WB HAVK STOPPED SELLING AT COST, BUT OFFKBOOD3 AT
SUCH ASTONISHINGLY LOW PRICES
That the Public cannot Perceive the Difference. A beautiful stock of
Statesville, IsT. C,
ON THE MOST FVOKABLE TERITIS AND IN COMPETITION Willi ANY
JOBBERS IN TUB COUNTRY. TIIE1T VILi BE GLAD TO
UlTOTE PRICES TO THE TRADE.
marl 8 ly
IS NOW COMPLETE.
Wholesale Retail Buyers Invited to Examine it Before Making their Purchases.
HANDSOME STOCK. OF
Mew Carpets, il Cloths logs.
HOUSE PtJEHISHIHG GOODS A SPECIALTY,
The Largest and Cheapest Stock of Embroideries in the City,
CATiTi 3D 022X2 TECEM.
EJL.IS &d COHEN.
marl 5 lm
FOR RENT. '
BY the year, the store room near the court ho se;
or would let the same by the day, wtek, or
month, for auction or similar purposes.
Also, by the year, a four room Cottage.
apr5 B. BAUKINGEB.
THE best residence on Church
street, within two minutes
walk of the Public Square. Also
one-half interest in two Brick
Cottages on Mint Street, and one
JJorse, Buggy and Harness. Apply to
A, H. CBE9WSLL.
TWO front rooms on second floor over Traders'
National Banks. Also, a four room cottage on
Ninth street, handsome grove, with kitchen and
good garden. Apply to
apra lw A. B. T3AYTD80N.
lkZ 2 Safe f,s V4
LOST MANHOOD RESTORED.
A.viotim of youtliful Irnprndepce' causing Presov
tnre Dccy, Kervbas DebiUtr, Lot'ltTrihfo5, etc;,
havlnfj tried in Tain every known remedy, has d3s
oovrrrd Fimpls s -lf enre, wbich be v-: r.-: 'rJ'TE
to Mt ' teM"it"i4 J . i. LZI.XX ' .
IVative Mineral Water!!
jft: '3b TJ M W jQl T: U
Dyspepsia, Indigtitn, Torpid Liyerr
Chionlc Elan boei and Dysentery, f kin Dfseasf sv
j, t Scrofula, Cnonlc Pneumonia, etc
It la a powerful AlteratiTe Tonic and U 1NTI
MALAblAL In Its effects. Bead certificates from
eminent phjsiclans in our pamphlets, '
iyO AnTipcrAI,, CJ ASE OR SALTS
4 . iottled In 1 natural state, dlract: from the
bridge county, Va, and are open for the reception
of visitor from June. 1st to October 1st, each
jear; capacity, l.OOQguestv
For sale, wholesale and retail, .by Dr. J, ILMo
ADEN end Dr. T. C. SMITH, ChVlotte. N.C. ; .
maria ly - i
yu w me wants or Dottt Uie cite and oountrr ,7 .i:
ALL XINBt r
A FULL LOBW
Pfirl AT & fihsmns KnUa
( . .
" j OOmRSOVAU.1
COMPOUND ELIXIB, Phosphates and Callsaya.
A chemical food and tonic.
B. H. JORDAN & CO.
IMPKBIAL GB1NUM, Lleblgs Extract Meat and
. Murdpck's Food, Jos received.
B. EL J0BD1N $ pO.
TOOTH and HAIB BBU3HX3. Flesh Brushes
and Oloves. a H. JORDAN 4 CO.
HAIB BBU3H for 25 cents.
B. H. JOBDAN & CO..
HE NO, RA JA'H,
YOUNG HYSON, IMPERIAL and GUN POW
DER TEA, ust received.
B H JORDAN & CO.
PUBS OLiyX OIL. Select Fpioesand Flavor i g
Jf xtraets, for sale by . . ,
a a. Jordan & cu.
rpme PUBKr BBANDIK3 kai VINJtS for
-a. jueoicuisj use.
i. fci .."i. .
- -J i -.Tryou Street.
ALL peiwslmJehl ti nsiwift 'ltlease n ske
settlemjent at ones, as we Intend; for the pres
ent, to discontinue our meat market and engage
in another line of business.
:k,-.u .:it.:-,: ttMPMtfnB)U
api2 tf 0. W. & J. J. ADAMS.