Newspapers / The Charlotte Observer (Charlotte, … / Jan. 10, 1886, edition 1 / Page 6
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to s - .-r - . i ' : ,t3 COLJ GTAIWAEDABEOAD ZrezlZzT,t Lcpor v a TTfrzIsa Of LIT. lldlilC 19 tllC Cclr:rf Europe Great Grit- tain JTlx.entlie Gold Standard -rr::a llcxii2e Without Iler ver UcsiUot be te-islated Into TlaC;:iuensIoa of Colcsse 17. T. TTcriM. : , ' WifrjrsaTO. Jan. 9. -The Presi dent -today in answer to a resolution jiiotd by the senate ueo ytn, trit-ssxtted copies o documents chowins the action taken by him to ntimsnta of foreign Governments in regard to the estab- lisafuent ot ail iniernHiionHi rauu w twfxxt sold and silver. Thecorre- rcttiC3 i3 accompanied by a letter from Secretary Bayard to the Presis dent, of which the following - is a t j , j, ' v i 1 , ' to the Peesident: ' . Tn VviTnnliance with? the senate's ' resolution of Dec. 9th lSSSI trans- xnit with this letter sundry docus mont rl atiri or to the action taken w vnn thrnnsrh this department; to obtain information at j tne ; financial Ctres of Europe in respect t o the rracticability of establishing such an international ratio between gold and wmild nrmit ana induce thfl free uoihaee of both of these mets tla at the mints of the United States, tnd of the leading commercial pow- cr Of Europe. . . H . : ; I 'As a condition precedent to Ckn- rrrsinnal action uion this Profound , it important subject," the attainment . . r. t cf the knowledge and intention in re lation thereto of those charged with tie financial conduct and safety of the leading - commercial nations of Europe has been sought and,! believe c stained: "Whilst the policy of this Govern-1 zstnt and the expression of ' Jegisla ty has been to hasten the fall of sils tire opinion ha3 been fuUy recogniz- ver, and at the commercial value of ed and amply expressed . in the recite silver to a five-franc piece' is " intrin al of the acts ahof resolutions of Cons sically worth only about four francs. gress, as win oe perceivea in tne copy of the instructions which accompany this letter, and a constant and i can- did avowal .. has at all - times ; oeen . made of the earnest desire of this Government to obtain and maintain the unlimited and f freo ; coinage of both of the precious metals; at such a ratio and equivalency of their val- uation as shall lead to the - withhold- ing of neither from the mmfcilmt i to secure & metallic currency wnose vol ume can be supplied from the world's production, as both silver ' and; gold, nationally with foreign' governments, yet it has been the object of this de - rsrtrssnt and its agents, whilst avow so much to impress bur own opinions and wishes upon otners as to obtain l well considered 1 and , independent views from the most . influential, re. sponsible and competent sources in 1 crder to lay before Congress : . . ; . "First Ihe actual status of the metallic currencies in the respective liiropean countries; and,, - . 'occonaiy ine intention - and policies of tnese'government3cin relas tion to the subject, with details of JZX action up to the present time. "It is believed that the accompany ing letters from the Ministers of the umiea f Bcates 10 ureat JBrittain. , JBVance and Germany, respectively, summarize and convey tne.true con- edition of opinion and intention of the xrovernment and people to whom .xney nave Deen bo severely 6accrea- a gentleman epecialiy conver- . m cant with the question, a thorough and accomplished student of finance, was selected to act on conjunction vWith the resident'envoys.and by per conal conference and confidential urv gsncy to ascertain the present opin ions and purposes or, these - governs ments in respect to the subject in : view, V. '-Zt " Mr. Marble has thoroughly avail ed himeslf of tha unusual opportuni . ties thu3 aCorded, and the informa tion co gathered by him in quarters ' from sources deemed trustworthy, h-a hefth-'k nanvaafid' with Hiiioi 'end care: and the results a nlainW ' ; . i. . v j and succinctly: set forth in tha Ifit.trs now transmitted-of the;Ministersiin , conjunction! with Whom he was ins structed to act, and who were fully possessed of the "information so ac- quired. ' - "No separate report bv Mr. , Mar ble has been made because thtfrAsnlta of his investigations aoDar . fnliv in the letters of Messrs. Phelps, McLane and rendieton. 3 The convocation. in Paris-in June last of - the Monetarv Congress of the delegates of the. Eu ropean States composing the Xatin Union was deemed an opportune oc- r,r;n . casion for an expression of , interest by this Government in the question insre consiaerea. llr. George Walker; the Consul- General of the United States at Paris,a gentleman well versed in fiscal science who : has : ;on other occasions b?eu selected by thi3 ' Government to in vestigate the question of silver coin age in Europe, was requested by me to attend the proceedings of the Lat in Congress and mako a report tnereupon to tm.3 aopartm3nt, - llr. Walker has intelligently parfortried the duty assigned to him and bis communication to the drp.irtmoni containing a history of the proce-! ing3 of tho-lato. Congress, and .his views- mixelatioa :ta . the ratio, is an' nexed. 'Kx: 'y'-r-0' 'Fr6m'TIr. IIcLnOj-our Minis! cr at P:ri:, I liavo 'received in , its full text, -a copy of t.b3'lr.e Monetary Ccn Ccn 3 of v ntion j i ance, Gre'ecd" '' -Italy.-: -C-.-ilz:rl:ar-d chd alio.. a copy' of iho tiu: rticlo by v:hicb the "T. F. Bayahd, "Dcp't cf Biziol Jan, 7th 1C:3.J! r.z?oT3 cr.on our rcr.zia:i ininsTixs. Amonx the correspondence jfo warded with tho above letter is a re ply received frcca Hinizter Phelps, under dat3 of licndcn. uetoeer Jin. 1S85, in which ha gives tha result of conferences by. himself and llr.. liars bis with the leading members or tier llajesty's Government, end says: "From theee, as well 3 other sources, I am satisfied that tha British Got ernment will inflexibly adhere to her past and present policy in respect to coinage ; that they will not : depart from the cold standard bow ana bo Ions established : f that they; will not become party to any international arrangement or umon for the crea tion of a bi-metallic standard at a common ratio between gold and sil ver for the purpose of making both an unlimited legal tender; nor adopt bucu uuuuio Huauuaru iu uifm tain. On this point both political parties quite concur. And I believe if either were to attempt to introduce such a .departure from the existing money standard it would be driven out of power by the force of public opinion.": A reply from Minister McLanei at Paris, October 1, 1885, expresses his opinion that while 1 France would cladlv receive the intelligence that the United States i would adopt the French ratio of : 15f of silver to 1 of gold,no "consideration of future cons sequences could induce ner to aaopt the American ratio of 16 to 1,- still less would she adopt any higher ra tio to assimilate the present commer- cial or market value of silver with XXQ vaiue oi goiu, nor wouiu sue wu: sent at any ratio now to'permit an unrestricted or even a limited, com- age of silver at her mints. The pres ent purpose of her Government and people is to maintain if possible the two metals at their ratio of 15 to l in domestic circulation and internal tional exchange." - -. It is believed in France that the practical operation of the Latin trea mis vaiue jj ranee wouia lose about 600,000,000 francs on the silver coin in circulation if the respective countries commg silver would reiuse to redeem in gold. .." r p . Mr. MeLane says that these facts naturally ,-. suggesi; : that the United States, the greatest gold' and silver country in the world, should suspend its silver coinage in order to utilize it not only for circulation but as a part of its Treasury reserve. 11 Minister Pendleton in,; his reply. dated Berlin; Oct. 19, 1885, gives his 'The adhesion of Germany, to an international bi metallic union such as was proposed by the United States expected, it seems to me, within any limit of time now to be predicted. The co-operation of . Germany in such la union may be sought with fair hopes of success - whenever . it be comes possible to. include in suety a union England asd Russia, the f oi mer of which seems to cleave tena- lciously to her gold monometalism, while the latter staggers under the evils of a depreciated and largely fluctuating paper money. The adhe sion of England, at least, is certainly now. and would probably for an in-; t definite period, be regarded by Gers l many as a '.Sine uua JNon." " The correspondence; includes des patches . between the HeerfltArv . of State and Consul-General Walker; in roeard to the latter's attitudn hAfnrA the Latin Umon conference in Paris. 1 Li W U I vOW EIO TTO t Wm V A1MM m K .ttl vJJTi :uy :"UWB n intelligent majority oi the principal commercial centres of Great Britain has reached the con clusion that the : silver question is largely responsible for the existing distress,; and believes that 5 bmetal ism, to be established bv internation al treaty, is the only sufficient-monetary remedy. MBut the ultimate solution of the monetary question must,'? he says, in all countries, rest with the legislative bodies S because money is the creation of law; and it must be always bore in mind that the oi wreat Britain is a very conservative body, and that it is now strongly prejudiced in favor of the i j -j,:. .: im -t.i.l i Z"1" Buuaru. me juioerai unuer tne recent extension of the suffrage is likely to have an increased J"" " fcUO " w -n-ouse oi wms 5??'ad ? fortunately happens that m England free trade and a gold currency are popularly believed to P6. ' ndissolubly linked, together. Witn the adhesion of Great Britain r?-9 ad0Ptl0il1of international binmet- w,buuuw.-: vvitn out iuat aunesion it would be equally Practicable, safe and effective if the m2Iere .adoPte by Germany. . t a muuu reason to nope, inasmuch as thfl nrfivailin(aart.itirti.f inasmuch as the prevailin ux. vuiAu uouuwy ia ; unmistaKaDiy nn favor of the restoration of : silver to tull monetary functions. I beg ,t reiterate the opinion that nothing will bo much hasten the adoption in Europe of the monetary policy which we desire as the suspension of silver coinage in" the United States.- De prived of this artificial support silver would rapidly nnd the level to which the recent military legislation - and action of this . continent has doomed it; and : those ; who have nrnm .that -legislation and action, as well as .tnose wno sulier rrom it, woula thus bq brought face to face with its legit imate Consequences; . ' ' ' ' TERilS.O? THE LATIN UXION. ' The correspondence also includes a copy of the agreement entered into at- the Paris Monetarv Convention tho esssntidl part3cf which are given l.-:!ow, omittirg all referenoo to the i -'.;,-Li,ry cjiL.s. France, Germany, ?rland remain consti- .d ?, union in respect to tho fine- 7ill r;;:ivo i;;.';tc::.H7 their pul Up trc-uric3 tho eilvcr fivo-frano hih ccntractin-T crtic, and .bcin.'1: cf tho tclcranc3 crecd upon. Lech cf the contracting btetca 13 pledged to; redeem 'from the public treasuries cr;th3 etner b;atss euver five franc pisce3, reduced in weight by abrasion 1 per, cent, below theles al y tolerance, provided that : they ave I not fraudulently deteriorated or the stamp effaced. ' . '""In case the arrangements concern ing ilegal i currency of silver ; five- franc ; pieces coined : by the; other States cf the Union Ehall be set aside, whether by Greece, or by Italy, or by Switrsrland during the term of the engagement assumed; by . the Bank of Francs, the power or the powers that ehall have superseded those arrange1 ments engage that their banks of is sue shall receive the silver flvefranc pieces of the other States of the Un ion on precisely the same terms as those under which thev receive silver five-franc pieces struck with the na tional efflgy. . ; v v r-i: : . The high contracting parties pledge themselves to withdraw from circu lation or to refuse legal currency to surer five-franc pieces of States not belonging to the Union. Such pieces shall not be received either by the puDiic treasuries or ny Danss oi issue. 1 Xieends Itespec ting Toads. "Inasmuch,'',: says De I Gubernatis, "as the toad is a form proper to the demon it is feared and hunted; mas much as, on the contrary it is consid ered as a diabolical form to impose upon a divine or princely being it is res spec ted and venerated as a sacred an imal' :s In poetry the toad has only one, .the "loathed" aspect, although in popular estimation oi au uouninea i - ' i - : i . ? - m li it nas ootn a sinister ana a Denign. It is a lucky omen if one . crosses the path of a wedding party bound or the church. Did not St, Patrick -aU pictures'. to the contrary -,nots withstanding spare . them ; when he drummed- 'the vermm"cout of;,! land? Just as in Cornwall a r may not shoot a raven lest he should kill King Arthur unaware, so in Tus cany, you may not nurt a toaa lest you should do a miscniet to r some young pnncess or neroine wno nas been transformed into the shape, and who is only waiting for the beautful princess to come, . when : the maiden will , resume her charms ' and "live happily ever; afterward."; In the folktale bf some countries 4 the Beast who marries .beauty is a , toad, .and many stories substitute this creature for the frog in such stories as where, benign and amiable, it fetches rings up) tor sultans' sons and . Dans, ior kings' daughters. Medicinally, the paddock had . once a high . value., for cancer and in Europe it is still yorn on the . person as a charm against poisons and. ? the plague. , On occa sion, too, it .wa3 a potent beast, j For if it found a cock's egg and hatched it the result was a cockatrice; a fear some thing, which of its own accord grew a crown on its head and so be came a basilisk, and - could kil by mereiy looKing. a v, very notaDie worm, indeed and most revered was "this crowned asp." Moreover,!' the toad, - ; ' ; -: .i - . ; 1 . ' " , Though ogly, - - , . wears jet a precious jewel In its head." )us jewel iij 1 1 Adftfircs Witli Snioliiaftf Add ed. Life.' - - fj '-y 'Sir "feemper tyrannis' ' may be freely rendered, the sick are always tyrants. . - . . "Pride goes before a fall, and the winter is discontents follows af ten "God helps those who help; thems selves," so that commercial travelers at a hotel table are sure of the assists ance of -heaven.: -':! ! y .- ?: ' ' "He that is down need fear hofall," because feathers fall so lightly. -'?? i he blind cannot lead the blind, ' and ? as both justice ; and love have bandaged eyes neither can be trusted to lead the.otlierOfeS'- " . ; .5 IntelllscntEcomom y. . . Somerrllle JournaL ' 1 ; .In -laying away the Christmas cards you received last week for.use next year be careful to . put ; a faint pencil mark on the envelope to in dicate who wasi tho donor. It is very embarrassing in. sending out , these dainty reminders of the joyous- sea son to maker a1 mistake and return the card to the person who sent it to you the year before. , A little care will prevent all such annoying blunders, and the marks can be easily rubbed out if you are careful to make them light and to use a soft pencil. , ! - : 7 . ';' s Scott' Emulsion of Pare Cod Id ver Oil, wi tit ' Hypopliospliltes Very Palatable and Efflcacloua Wasting Diseases. Dr. C. T.'Beomseb, Bochei-ter, N. Y., Bays ''After having . used . Scctt's Emulsion with de cided benefit npon myself,:: I have taken great pleasure In recommending It slncei In the various conditions of wasting in which it Is indicated' ' White teeth, sweet breath, a fragrant mouth, ,' There are no charms surpassing these; -. , Abroad, at home, east, west, north, soutii. v, ' . These three prime charms are sure to please. All those who SOZODONT apply. , - Will have these charms--tak9 heed and try. . ' X?erojsa,l Comllness ,' ' - Is greatly enhanced ,by a fine set or teeth. On the other hand, nothing so detracts . from the ef feet Of .phasing features, fine eyes and graceful figure,' as yellow teith. That popular, toilet article SOZODONT checks their decay, end renders them as white as snow. Tkla paper la kept on Cle at the o3ce of aw i .5 i y m mmm mmT m w i i i - u V Livi lot u rs lii.ii-O LJ.LUiiva f-f th5 i :'.V w Of another jear wa announce still fortlisr-- ICwuSikns - in " Pri::3. We have Candy, CracS?r3, Frulta, Nuts, Cocoa nuts, Peanuts, Chewing Gum, Harmonlcos, Canned Goods, Cigars, Cigarettes, Smoking and Chewing Tobaccos, Snuff, Pipes, Matches, Twine, Paper "Dags, &a, &e.t on all of which we will duplicate Baltimore and New Tork prlcest. - ' What goods we do sot manufacture we buy from first hands, and can afford to sell them low.. WE ARE STILLSELLING THE BIGGEST STICK , OP CANDTrOB.FIVE CENTS. e, n. buls: & go;, . MANUTACTUEERS AND JOBBEBS. TOBACCO SEED. - We will give to any reliable farmer In Mecklen burg county, as mucn TOBMCOSHED As he des'res," and full directions how to grow and cure toDaeco. , we expect to open a , . v j Tobacco Wsreliouse In the centre of the city, and thereby enable farm ers to sell their: tobacco for cash. Now:- Is the uaietoputinyoursted . , ' - CARSON BROS. rOUKTH STREET. . ' CHEISTLMB BOOB - f ' - - l - "... Foi uasrt' 'I will close out my entire line of . '' FANCY TOILET CASES, ' V-- J TRAVELLING BAGS,' -, WORK BOXES, ! - , " ; GLOVE AND ' ; Z , ; ; . HANDKERCHIEF CASES, - : , ; CUT- GLASS ; BOTTLES - '? . , AND 1 !. Olive Wood Goodsj -AT- COST FOR CASH. t am deiernlmed to! dose rthemtbut ; to make room for other goods.- , , v ' -- - s DO.li'T MISS TUB OPPOR. ' , TUrtlTY. " L. R. vVEISTON. THE STAR. reTTpaper supporttr the - Principles of a Democrat. ' - 1c Administration. , WILLIAM DORSHEIMER, . Editor and Proprietor. My; Sunday and Weekly Editions. -? V -' -i THE TFXSEHLlSTAn, ; ; Aixteen-Pac:S HcTrspaper sued every Wednesday. The ablest, brlghest and most Interesting week ly published. ; ; ' r v The latest news down to the hour of going to press. (j - - . - , . , . Original stories by dTstlngulshed Amerl and foreign writers of fiction. 1 ; . - -r; Humor, Poetry, Market: Finana, Igrlcnltaral and Household Departments, all under the direc tion of trained Journalists, the ablest thel respective departments. Its sixteen pages will be found crowded with good things from begin, nlng to end. . i " , The Daily Star The Daily Stab contains all the news of the day in an attratlve f orm. Its special correspon dence by cable from London,' Paris; Berlin. Vien na and Dublin is a commendable feature. -' At Washington, Albany, and other news cen ters, the ablest correspondents, specially retained by Tin? stab, furnished the latest news by special wire to New York. Its literary features are unsurpassed.' . fuB andSpletea.nd e bnusaliy Tekki of The Daily Stab to Fubscbieees fbib PSTiGE, n the ljnlted states and Canada; outside the limits of Few Yoik City 7--Every day in the year (including Sunday) . 47 m Daily, without Sunday, one jeart , ,; . Everyday, feixmonhs, . 5 Dally, without Sunday, six months ' " o'm p:E3rs 02- the Weekly Stab to Scescbibebs.- Clubs of Ten - Clubs of Fifteen (and one extra to organizer) isloo DeclWt? n3 28 N0nh WU!ain &t' I,rw Yori- p?--:3r;rNl mi re-ts cc"3;t32, la --' CLLLLO'i. TIL 7 ...... 4 L fTAT" ' fT-""7-. 5.-3 U . Tr.c Clicct Ixcr.: Cc?::ii:ctel. To the porpleirrj r.t'tbio lectiono of suitable clothing for the Holidnyc I ir ; - c IC .....1 ( 1 Promises may sound comewhat extravagant, but their exV1 tensive assortment enable tnem to bac'i , teem up Tnth a large and satisfactory performance Every Garment, Suit and Overcoat 7ilJ be fold particularly ciiehp, (a saving,, from 25 to 33 J per cent, to any economical buyer, SITTOIJ .OUT A. PEIV- OS ' OIJC ' . 2 T t, Mpn's Suits far 5.r0 reduced from CS.00, : ; . Mens' Suits for 50reduced, from 050. Meiis' Wor-ted 8uits for 10.00 reduced from .$15.0( Tsew markets, rnnce Unarles, backs and Keversibles by the -thousands. . . : " v ; Our Children's Suits and Overcoats Are moving off rapidly. 1 Our low; prices have, attracted the attention of; the1 ladies, and thy are in our store fit ting their little darlings with a nicek ;Suit- or- Overcoat We have a few leftr Dont miss to procure a suit for your boy. ; , ' L. - SOiiLIs . DUTLiXT. OF: TUO DOLLilllS ; - Will get a .warm suit for , the winter. 7 The Handsomest Silk Handkerchiefs : - For Christmas Presents can be found in our Store 1 -Mow; 'andVCMOteb's .-.-:V'; ; ; : . " Seat and Plush . Skating Caps. ' , r ' - S ... - ; i - -.'! Of Wjalkihg Caries, gold Alpaca Umbrellas. It you Call on ' lis, and We will ; present you with a beautiful Soir venir. Ear Muffs at 10 cents a. pair f. , " V s i v - " V' V r The largest and mbst PI ANOS AND ORGANS Of the best makes on the installment plan. Low prices and easy terms. Send for prices., '4"- " - - N Jk - No chara for 0 I .1 r J 44, reason of the ycr.r over the ra . for Men, Boy g and Children " .i t j t j i. ;....::.-"'(.' - r-. y r j- . . - . t ,-.r4 nd silver headed, fine Silk and are in search of rcomplete stoqk of - t - -AND S 1 r AGENT FOE .V;- .:. "3 -J 3 packing or Gzzjsss, CHlRLOriE, 17. C.
The Charlotte Observer (Charlotte, N.C.)
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Jan. 10, 1886, edition 1
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