North Carolina Newspapers

Watchman. mm VOL XVH.---THXED ! 4 - SALISBURY, H. ft, JANUARY 21, 1886. NO. 14 .' . ' . 'dLrz I " 4 ma am w 1-1 J Mr Beck's Silver Sb eech ConqludecL Br n The last report of the lijeasurer, 35, shows that the receipts at tne tew York custom House for tle fiscal paid as follows: United Statesjegal ten- der notes $36.101. ceo. ortJ9 percent. United Statesgoldeoln H.ri.ooo-, or 1 1 per cent. United States gold .er- VUlteate8 43,T;,ooo.orP4.1 percent. United States all erjeer- ! tlflcaus w... 446C,ooo, or S5.f percent. UnlledStatcssllvcrjcoln 15M.COQ, or o. per cent.. Total..... i.2oooriai)per cent. It is fair to ! assume that the pay- ior to have our silver stricken down I ments at the otWer custom houses weref have no idea that $300,(KK),000 of the made in substantially trie same cnarac-, $346,000,000 of greenbacks, charged in ter of money. It will beobserved that the report as outstanding could be re more of the customs dues were paid in turned if they were called intodaV; All . i ' . ! i ! . LlA . .... v ;. .... v - . silver ana silver eerxutc.nes tisui wac naid in cold and cold certificates ; all f it is by law a special fund Which can mot legally be paid or covered into the Treasury till the initerest on the public debt is paid out of it, and the bonds for the sinking fund- are purchased or redeemed. These, together, required about 108, 000,000, yet not a dollar of silver has been so applied ; it is- jpaid into the yj Treasury and held there, and a clamor is .raised that it cannot be again got iflto circulation. If the law-Wfis oley- ed and the bondholders required to take the same proportion of silver dollars that the Government receives through its custom houses, the bondholders would have no difficulty in fdi.inr o all into circulation; and when it lis made their interest to maintain and support the silver they own pre would hear no more about its being dishonest money. The Secretary says (page 14 of his report) that the balance in the Treasury has been increased from the 4th of March. 1885, to the list of No- r,nLr 1 SS:' SRA ,;3 702 27 j vrt t hfrr has been no reduction of the interest- j The Director of the Mint, on page bearing debt (and that is the only debt j 99 0f his report, speaking of these pa that is a burden on tax payers) since . p0r sibstitutea, says: "As these certifi November, 1884, certainly not since cates represent coin in the Treasury, March, 1885.1 The monthly reports which coin can onlv be used in their show $194,000,000 ot 3 per cent, bonds : then outstanding and precisely the same amount in November. How is the surplus silver coin to get out of the Treasury if the Secretary re f uses to pay it out for interest and re fuses to cafl in the bonds ijdiich are now payable? - There is no more effectual or perni cious method of contracting the cur rency than4 by collecting hy taxation a large sum in excess of the needs of an economically administered Govern ment and locking -it up in the Treasury. Every dollar needlessly taken from the tax payer wrongfully deprives him of that much capital which he needs and labored to obtain, land when it is locked up the circulating medium which all the people want is wrongfully withheld from them. The thief who steals and squanders an unneeded surplus locked up in the Treasury vaults would inflict less injury on the country and its bus iness if the money he stole wjas put in circulation, than a Secretary who holds and hides in vaults currency which the people want, and1 refuses to use it to pay the debts, especially the interest bearing debts, which the men, who own1 this money owe. It is to raise a clam or about a surplus, but it wifl be more difficult to explain to the people why . such vast amounts of the money they have been so heavily taxed to furnish is lying idle n thp overloaded Treasury vaults, and they deprived of its use, while interest is running against them on bonds which can be and ought to be paid. The idle money when paid out for interest on bands would at once be released and restored to circulation. Speaking of-cireulation, we are con stantly told that there is now a great abbudance of it outstanding; indeed we are officially' advised that the legal tender notes and the silver Certificates should all be withdrawn I presume because of. the superabundance of cur rency. Let us look for a few minutes at the effect of these recommendations,, if carried: out, and see how far these certificates are now used as currency. It was the avowed purpose of the ad vocates of both, gold and silver certifi cates, and I Was'pne of them, to furnish a safe, convenient paper currency, every dollar of which could be used just as the coin paid for- it could, be, and which would be secured by the deposit of an ecpial amount of coin in the Treasury. Iso better security could be asked or 'given. It was not thought desirable to have the coin of either metal exposed to the risk of loss or reduction of val ue by the abrasion which necessarily! accompanies its active use. The trans-i portation of both was known to be dan-f '.-gerous and expensive; all jkhe expense! and risk, as well as the deterioration of the coin, was avoided by the use of the paper substitutes, "while the United States were sure to be anijply eorapen4 sated for all the' expenses incurred for vaults, custodiais, and everything else! We I mean by we all the people i received a coin dollar fpr every papet dollar issued. We only pay but the coin on the paper brought back to ouj agents. All of ; it that is lost by firel flood, or the thousand accidents that all transitory things are subject to, is oirr gain. We had experience in operation of that sort, and knew that they wer profitable. Forty-five millions of doB Iars of fractional currency was issued We afterwards called it jjn for cancel lation, and we now know that $15,00(j, 000, or one-third of it, has been lost ojr destroyed We made $15,000,000 out of that issue, as we received full con sideration for the whole amount issued. We only redeem such national bank notes as are returned; and the amount I now known to be lost is so great that 11. ia : it i il -' i '. S . a tlie Comptroller is devising all sorts of ingenious plans in his report to get it away from us for the -benefit of the hunks. None of them lost tiny of it. The people who borrowed it or worked for it, after the banks got value receiv ed for it, were the sufferers: yet the Comptroller waft fe it all for the banks. I expect they will get it. They have as much right to it as to Save their in terest and principal paid m gold alone lost S clear Droht to the Iroverument. It is a sumcient answer to all -the clam or about expense and yaults that the Coin is preservjed from loss and from abrasion, and that our! grain from the loss of outstanJingy f- it is kept in de nominations inj which it will circulate, as it ought to fee, will amply compere sate the United States far all the ex penses of its safe keeping. iiie ooject we aii.nau in view oy keeping in actual use paper substitute for srold coin to the extent of the coin j deposited has been grossly perverted, j The coin is locked Up, and four-fifths r0f the certificates issued are of such '; high denominations that they are of no sort of use as currencv. The Treasurer's report, page 23, shows that on the 30th of June, 1885, ! the outstanding gold certificatesamount- ed to $137,700,860, of which all but $33,360,000 were in denominations of ( 8500 and upward, more than 855,000 000 of, them being for $10,000 each. : It is obvious that the people get no j benefit in the form or currency when redemption, they really form a part of the active coin circulation of the coun try. The Director, perhaps, did not ! know that $55,000,000 of them were I for $10,000 eaeh, as it would be absurd to speak of such notes or certificates as forming pare of our active circulation. The Treasurer's report (page 24) shows that on June 20, 1885, silver certificates amounting ta 130.001,046 were outstanding, and that $103,758, 091 were in ten and twenty dollar bills, in about equal proportions. None were higher than $1000; so that the only, real currency furnished to the people in the shape of certificates is that based on the deposit of silver coin. Yet the dollars so deposited are held up as useless incumbrances, performing no function of value, and all our officials ioin'in the crusade against them and the certificates that represent them, and urge Congress to withdraw the one and jstop the coinage cf the other. I do not f 1 V 1 1 l' lit propose to cto eitner unless oetter reasons are given why ifr should be idone than any I have yet seen or heard. I would, however, amend the laws so that no certificate-should be of a high er denomination than $500, and not more than 2iTper Cent- o the amounts outstanding at any time should be 01 denominations higher than 50. The legal tender motes, too, are attacked. It seems as though every form of curren cy which costs nothing and enriches nobody, is condemned. It is assumed that the Government has no right to aseiits own credit or to furnish any part of the currency the people need. Legal tender notes are denounced as a ioreed loan, tis tag- babies, shinpiasters, indeed every op probrious epithet has been hurled against them bv those who insist that they must be vested with the sole right to is?sue currency to loan at a profit to themselves, rtud to dictate through their organization how much or how little it is most profltabie to them to keep in circulation. But the people and their representatives have so tar sustained the greenbacks, and while they have always been repudiated to the extent that they could not be legally paid at the custom houses for duties 011 im :pots, and that is the law now, over 47.000,000 of them were received for duties last year in New York alone by. executive -orders in plain violation of law. The majority of the Senate re fused last year to make them receiva ble for "duties, ahd yet we permit $47, 000,000 Of them to be so received. I have a bill now before the finance Committee making it legal to receive them for customs dues, as J believe they ought td.be; yet I insist that no executive officer ought to be allowed to do anything in violation of law, or to be placed in a position m which he feels authorized or compelled to disre gard it. 1 Congress by the act of May 31, 1878v (see Statutes at Large, volume 20, page 87), made an effort to retain what was then left of the legal tender notes; ?nd to preserve them in such shape thai; they would 4)e currency ki the hands of the people. We provided, in substance, that whenever legal tender notes are received at the Treasury from any source they shall not be retired, but shall be reissued and paid out again and kept in circulation, and that new notes, of the same denomination Of those re turned because too much mutilated for Use shall bej issued in their stead. ; It is obvious that Congress did not intend to allow any increase; of the denomifaation of the legal tender notes above what existed when that act was passed, vefc the table on page 20 of the Treasurers report, showa that bills of the denomi- nation of $500 have increased in the last year nearly $10,000,000, while those of smaller denominations, have been proportionally decreased. There can be but one purpose in this attack all along the line on everything except gold and national bank notesr and that is to transfer to the holders of our bonds absolute power over the cur rency, which means oyer the business of the country. ! The report of the Comptroller of the Currency develops that purpose, per haps, more plainly than the others. After insisting that Congress should repeal the tax on Circulation, give up the profit made on the lost ,bank notes or put it into a safety fund with othet things for the benefit of the banks, he adds, on page 18: K Such legislation would have the effect of maintaining bank note circulation, and prevengJta being superseded by Govern ment issues, which nn jauthonty as high as Alexander Hamilton his said "are of a na ture so liable to abnsej and it may eren be affirmed so certain of1 being abused, that 1 the wisdom "?f the Government will be shown in never trusting itself with-the use of so seducing and dangerous an experi ment." I assume that it is too clear to admit of debate, no matter- what Mr. Hamil ton or anybody else said, that a circu lating note, in any form, properly se-. cured, is as good when issued by the Government as a like note would be when issued by a corporation created by the Government and secured by, a Government bond ; and hardly any body but the Comptroller or a bank at torney would venture to assert that the Secretary of the Treasury is not likely to be honest and careful of the public interest in maintaining and keeping the necessary amount of cir culation afloat for legitimate business purposes as- bank presidents Would be, who are under no obligation to consult the public welfare, but, as the private interests of their stockholders demand, may contract or expand their issues as the One course or the other best sub serves their private ends regardless al together of the public weal; indeed they ;je apt to be enriched when they can most surely oppress the masses. iet,. in the tace ot his claim that all other circulation is. unsafe, the Comp troller shows that the decrease in na tional5 bank circulation in the last three years amounts to over 848,000,000. and says that it would have decreased 25, 000,000 more if the Secretary of the rri 11 1 til ireasury had not come to their rescue by refusing to use the money at his command in the purchase of the 3 per cent, bonds on which their circulation is based: in other words, the people have lost over 82,000,000 of interest, and the bankers have made 6,000,000 on interest by the operation. The Comptroller shows very clearly why the bondholders are so anxious to get clear of the silver dollar; they fear that the-premium on their bonds will fall if they are paid in whole or in part in silver. But he stated the whole case so clearly that I will read, on page 15 of his report: It will bcseen that the banks held on Nov. 1, 1S84, $153,604,44)0, and on Nov. 1, 1S85, $13S,90,6ou, ot 3 per cents under the act of July 12,"1882, payable at the pleas ure of the Government. The Secretary of the Treasury, during the year ending Nov. 1, 1883, paid $105,684,150, and during the year endim: Nov. 11 1884, $105,970,450 of the public debt. In the lutter yea. 3 per cents onlv were called. No bonds were called for the year catling Nov. 1, 185. Reasoning upon the theory that the public debt would, during tine yOr ending Nov 1, 1885, continue to be reduced by the Davment of 3 per cent, bonds, and that this reduction wojuld occasion the rein vestment of trust and other funds invest ed in threes, and cause a greater demand for and consequent increase in the price of 4 per cent, bonds to a point at which it would be more profitable tor the national banks to sell them, the Comptrollei" esti mated 111 Ins last annual report to Con gress. that unless legislation should be secured enaabling the banks to issue cur reney at a fair profit, circulation would be reduced at the rate of at least $40,000, 000 per annum. It is believed that this esti mate would have been substantially cor rect had the Government continued during lsso to call and pay tne 3 per cent, bonds as rapidly as during the two nrevious vears. Tho reduction of circulation of national banks during the year ending Nov. 1 1885. for reasons other than the call of bonds by which it was secured, was great er than anticipated. The causes which have lead to this result are small profit remaining to national banks on circula tion after paving the tax of 1 per cent per annum imposed by the Government reduction in the rates of interest through out the country, occasioned by the abund ance of monev in the financial centers and. doubtless, uneasiness among certain of the bankers of the country as to the nuteome of the increase of silver in the Ttaatstirv. such increase indicating that pon&ibly ilw inieftet on the public debt and even some, portion of the principal iijJi he naid in standard' eil rev dollars ana mat jroveriiiuein wuus uugu mtic bv become depreciated in lorcign mar L-ts which, would undoubtedly affect their price in this country. The credit and standing of this country is deservedly high, and it is not believed, that the peo ple desire either the principal or interest onHe bonded debt of this country to be paid in anything but gold coiu or its equivalent. I think the Comptroller makes it clear that the country cannot afford, to rely for its circulation on national bank otes. He asserts that the bank ers will surrender their circulation and sell the bonds upon which it is based, regardless altogether of the public needs, whenever they can make more money by tlling the bonds than they npn Wv loaning the circulation. We all know that to be true ' Can Congress afford to vest absolute power over the contraction- and expan sion of 4be circulating medium which regulates all our transactions exclusive ly in the hands of men wno gamble with it for private g4n without any sort of public responsibility? I think nojt; yet, if we retire the greenbacks and jlie silver certificates, as our officials advise us to do, we will have no currency but national bank notes left, uhkh they can expand or contract at pleasure. Nobody pretends that in the reduction of these notes from $324,000,000 in November, 1882, to $276,000,000 in November, 1885, the public interests or needs Were for a moment considered. I desire to state with great - distinct ness that I am not making war on bond holders or natianl banks or bankers. I voted to renew theircharters, to repeal all taxes on their capital and de posits, and with measures necessary to add to their suef ulness, either by in creasing their circulation to par with the bonds deposited, or. if it can be done a: i ij it l' .. -i 1 wiui justice 10 ineir competitors m bu siness, reduce or repeal the tax on their circulation. But 1 would require them to take tbe same coins, both gold and silver, that alLothercreditore of the Gov ernment receive. I shall always oppose the grant or recognition of any super ior, rights or privileges in them or inthe obligations they hold over those of oth er citizens. 1 would divorce them from politics, and deprive them of power to control or influence legislation by con tracting or expanding or by threatening o intertere wath our currency, as was done when thev obtained President Hayes1 veto on a memorable occasion. I would require them to obey the law and receive the coin which we take at the custom-house and set apart as a special fund for their security and pay ment. When we say by law, as we have done, that "noj national banking asso ciation shall be a member of any clear ing-house in which such (silver) cer tificates shall not be receivable in the settlement of clearing-house balance? ." I would forfeit the charter of any bank that dared to disobey the law, as I would fine ahd imprison anv officer of any ef them who would certify checks wiieij the runds were not actually m the bank at the time. In short, no set of men should be al owed to exercisejn-ivileges prohibited oy law, nor have rights given to them in regard to the character and qualitv of the coin in which their debts shall be paid which are denied to all other qually meritorious creditors; and no set of men should ever have power to reguiate or control as t ieir private in terests may be affected, the currency or the business ot the people, it that xnYer is yielded or conceded to them, ill iii 1 1 - witn icgui-tenuer notes ana silver cer tificates with drawnand gold paid to them, and to them alone, for their in terest and bonds, Congress would be powerless xo resist any demands our l 1 i 1 bondholders and baukers might make. I know their power and appreciate the adroitness with which they can have their claims presented. Even the Presi dent in his message has been induced to say that up to the present time only about $50,000,000 of the silver dollars we have coined have found their way into circulation. He modified that state ment by sho'-ving that a large amount of silver certificates were outstanding. But the press of the country has tak en up the first statement, leaving out all the qualifications, and parade it be fore the country as conclusive evidence that too much silver has already been coined, and that all of it is an incum brance except about $50,000,000. They utterly ignore the fact which the of ficial reports show that at the close of the last fiscal year, June 30, lbbo, out of a total coinage of $203,000,000, $140, 000,000 in round numbers was in ac tive circulation in the form of silver certificates, in addition to the coin in the hands of the people, of which cer- tificates of $44,000,01X1 was paid to the Government for customs dues during the last fiscal iyear at the port of New York alone lupre than was paid in uold and golds certificates' combined. Why is not the coin represented by these certificates as much in active cir culation as if it was passed from hand to hand as often as the certificates are? I ask, is it fair to complain of the sil ver held in the Treasury as being ex pensive and useless, under such circum stances, and yet not utter one word of complaint in regard to over$l 37,000,000 of gold coin locked up at the same time and in the same way, represented by the same sort of certificates, most of them in a far Jess useful form? If our officials would unlock the Treasury vaults and pay our interest-bearing debt with the money they are complaining of being overwhelmed with they would be doing their duty more satisfactorily than by the course they, are now pursu ing- A The President says: A special effort lms been made by the Secretary f the Treasury to increase the amount of our silver coin in circulation t uianon. Let him make one more pay out tue v,wv,wv ur 9,1, he received for customs dues, and which ." '- -j. il- - orr fuvi fri Girt iTu nnk he has no use for in pavment of inter use ior m pavmeiii oi imer- - j . est and in the redemption of the bonds now reueetnapie, iinu Le uruuiiuj ex penses of the Government will keep the 1 1 . J il j vaults reasonably clear ot all, not re- presented byjcertificates or bills , which the people take, a n-ht by law to de- maim on making u OI tiuhhc creditor other than the bond- I 1.aa uc a .nmnlfiinMl Ln nnv- ment is ma-W to him insilvef of silver certificates. All other creditors are en- titled to the same consideration as the j holders of our bonds. W e as a taxpay- j debtor classes. So believing, I am op ing people are not interested in keeping posed to it. our bonds 24 per cent, above par when f we must soon buy them with surplus j revenues I may observe here that silver certi- ; ncates are now and nave always been a popular currency 1 he Treasurer in his last report, page 24, says: i The issue of silver certificates by Treas ury officers in the South and West for gold coin deposited with the assistant treasurer at New York, under depart- i mental circular of September 18, 1880, was discontinued in January last The : amount w hich had been issued in that manner to the date named was $80,730,- 500. The Treasnry order referred to reads tnus: "Tteasury Department it, ) ICE, $,'80. ) Secretary's Office "Washington D. C, Sept.18 Until further notice the United States assistant treasurer in New York will pay out at his counter standard silver dollars or silver certificates in sums of $10, or any multiples thereof, in exchange for : like amounts of gold coin or cold bullion deposited with him. Upon the receipt by the Treasurer of the United States in this city of an origi- j nal certificate of deposit issued by the uimeu puues assistant treasurer at new York, stating that there has been deposit ed with him gold bullion in the sum of $10, or any multiple thereof, payment of a like amount in standard silver dollars or silver certificates at the counter of any United States assistant treasurer designat ed by the depositor will be ordered. JoiiN Sherman, Secretary.1 The Treasurer of the United States in his report to Congess dated Novem ber 1, 1880, says: Subsequently this, restriction was re moved for a time and over 80,000,000 of silver certificates were taken princi pally by the people of the South and West in exchange for gold coin. The privilege was finally withdrawn in January, 1885. I ask in view of these facts how it can properly be charged that the people will not use the silver coinage, that they are noaromg goia, that the depreciated paper will soon impair the purchasing power of the poor man's wages, and that we are on the verge of a financial crisis unless we bring all our transactions at once to a gold basis? It must not be forgotten that all the gold coin deposited for silver certificates became at once the property of the United States; it was not held in the Treasury for their redemption. An equal amount of silver coin took its place for that purpose at once. Men who owned gold all over the South and West, in Louisville, Indianapolis, Nash ville, and other places, as well as those cities named in the report, sent their coin at their own expense to the assis tant treasurer in New York in order to have silver certificates delivered to them for use as currency at home. Yet, during all that time, the bullion value of gold in London was at least 15 per cent, more than silver, and the country was being periodically alarm ed, and Congress advised by Our offi cials that gold was leaving the country, that silver was a degraded standard of value, and that its coinage must be stopped or its weight increased or ruin would speedily be upon us localise of its depreciation-in the London market. The facts I have stated overthrow all the speculations of the theorists. Our business men gladly exchanged their sold coin for silver certificates and did not ask any better security for the pa per thev-tOok than the silver dollar deposited in tne Treasury. So far from hoarding gold because of its greater bullion vale in a foreign market, they sent it to a distant depository to get the paper we are advised is dishonest monev because it is depreciated 15 or 20 per cent, below gold in London have thus imperfectly outlined the reasons whv I cannot sustain at this time a policy which seeks to withdraw ' either our legal tender notes, the silver certificates, or stop the silver coinage. and I see no propriety in increasing the Weight of our silver coin beyond the standard value fixed by law iu July, 1870, under and by which all our Out standing bonded indebtedness is regula ted. I am convinced that we can no longer look with safety to the national banks to furnish the country with stable currencv. a 1 insist that every creditor of the Government is by law entitled to be paid in the same coin, and that our Treasury officials should be required to nav silver as well as gold when receiv ed for custom dues to our bondholders as thev do to all others who have lega demands upon the Treasury; that done there will be no need, at least for yaers to come, to strike down silver in any form. The country is now rally in from a long period of depression. Al railroad securities recently fell 50 per cent, on the average in eighteen months Wheat, cotton, cattle, hogs, all farm products, are even now so depressed that thev leave no profit to the produ- , cer even afr jjg pays the lowest wages lOr WlllCU lie CcUl uuuiiu muni in men . nr0(ncfjon P - n Foreitni nations are clos ing their porta against our leading ex- , -,n onA ',n, nil nW.l. i. r, . mnr, 7 n r J UiC III UUi vrx w.. wav i Our carrvmtr trade is gone and is m the hands of our foreign competitors. We need to use all our resources of both ld and silver, arid their paper reprentativeSi to enable us to rJain 0ur lost prestige and to develop our re- " - & . sources in tne most economical way. Contraction, ordejtruction of any pnrt; of our m?ans is. in my judgment, fatal to our laboring aad especially to oiar Mr. President, I will only add that I have no interest in the silver question otner than my conviction m regard to the best interest of the country I nev- er owned a dollar s worth of stock, di rectly or indirectly, in any silver qe other mine. 3?he people I represent here are not specially interested in it. We are in the central portion o this great continent, and our prosperity de pends on the prosperity of every sec tion. If hereafter I ascertain that I am wrong, and that the public good requires me to change my views, I hope I will have the courage to do so, and state the reasons therefor as frank ly as I have given the reasons for my present convictions. The demand for silver certificates under the circular of the Department dated 8ep- ; j tember 18, 1880, authorizing their exchange j for gold and bullion, has been quite exten- ! si ye at New Orleans, Saint Louis, Chicargo, 1 Cincinatti, and there were paid out at these ! points during the month ofOctober $3,485, , 000 in silver certificates for an equal amoui.t I of gold coin deposited in the sub-treasury j in new iorK. And in December, 1881 the Secre tary of the Treasury in his report says: The Department has issued silver certifi cates at the several sub-treasury offices, upon a deposit of gold coin in like amolint with the assistant treasurer at New Yorl', and through this means certificates have been issued for nearly all the silver held by the Treasury. These certificates amount to about $06,000,000 and are now outstanding. That the condition of things doubt less rendered the following order ne- cessary, as all or nearly all the silver coin in the Treasury was represented by outstanding siver certificates: , Treasury Department, Secretary's Office. Washington, D. C, Nov. 1 1881. Until further notice the exchange of sil ver certificates for gold coin deposited at the office of the United States assistant treasurei at New York will be snspetded "and Department circular No. 75, of September 18, 1880, is herebj modified accordingly. H. F. French, Acting Secretary. My wile has been a great sufferer from Catarrh. Several physicians and various patent medicines were resorted to, yet j the disease continued unabated, nothing! ap- - peanng to make any impression upon it. Ier constitution finally became implicutid, the poison being in her blood. I secured a bottle of B. B. B. and placed ier upon its use, anu to our surpnse tne improvement begari at once, and her recov ery was rapid and complete. No other preparation ever produced 6uch a worider- ul change, and for all forms of blood dis ease I cheerfully recommend B. B. B. as a superior Blood Purifier. R. P. DODGE, Yardinastcr Georyia Railroad, Atlanta, Ga. From the Athens (Ga.) Banner-Watchman. Uncle Jick Saul ter says : Fifty years ago I had a running ulcer on mj leg which mfnsfid to heal under anv treatment. In 1853 I went to California and remained eighteen months, and in 1873 I visited Hot Springs, Ark., remaining three months, but was not cured. AmputatioQjwas discussed, hut I concluded to make one more effort. I commenced taking the B. B. B. aboiit six weeks ago. The Fifty-year old sore on my leg is healing rapidly, and yesterday I walked about fifteen miles fishing and hunting without any pain, and before using the B. B. B, I could not walk exceed ing half a mile. I sleep soundly at night for the first time in many years. To think that six- hottlcs have done me more xood than Hot Springs, eighteen months in Cal ifornia, besides an immense amount of med icines and eight or ten first class physicians, will convince any man on earth that it is a wonderful blood medicine. It has also cured ine of catarrh. There is a lav livins here. Mrs.- who - has had catarrh for many, many years. I have known she had it for fifteen or twen ty years, and my fathr oncd doctored her,' re s-he was then a tenant on our place. For the fast two and a half years she has been bedridden, the catarrh or cancer (the nu merous physicians have neverf decided which) daring her two years and a half in the bed. had eaten all the roof of her mouth out. She was so offensive no one could stay in the room; she could not eat anything, but could swallow soijjp if it was strained. She gave up to die, and came so near perishing all thought she would die. Her son bought the B. B B. and she used several bottles, which effected an entire cure. She is now well and hearty. I have not exaggerated one particle. LUCY STRONG. MY WE GREAT SUEF MODI! HARDWARE. I - WHEN YOU WAHTfj HARDWARE AT LOW FIGURES Call on the undersigned at NO. 2, Granite Row. D. A. ATtWELL Agsnt for tba s CardwellThresher," Salisbury, N. C, June 8th tf.; 7fl Mil Mineral Si1ies AoademL P AUIVl ERS Vl LLE,(st;iu!y Co. H. O. C. H. MAKflN, Principal,' Graduate of Wake Fdrest College, and also at tae l" nivo ralty of Virginia.,1 iy fcmoK, $5 to fiSjper session of 3 months. The only school in this section that teachesi we university or a. nuanods. Vigorous ex tensive, thorough. fhe cheapest school in the fl 9 Khun tliaun -,,l.l n,i .1 i xaugnt. uooa uoam only $4 per month. I an lyj Aturess, u a. martin, ftib. SEND YOUR WOOL len Hills 4 - V TIIIS NEW FACTORV is no in operation, and facilities for man ufacturing Woolen Goods such as have nev er before been offered to our people, are? within the reach oif the entire Wool grow ing community. - - We manufacture JEANS, CASSIMERS, flannels; mnseys, blankets, YARNS, ROLLS, fcc. Soliciting a liberal patronage pf our peo ple, we are respectfully, Salisbury Woolek Mills. "Office at old Express Office,1 May 28th, 1885J 82tf T.HOPKINS (IS NOW AT THB Corner of Kerr & Lee Streets, with a full line; of DRY GOODS sod GROCERIES. Also keeps a First Class BOARDING HOUJSE. Call and see ttinu 28:pl v. f IP you wAnt to FILL YOUR GAME BAG, AND MAKE BIG USE QTON AND SHOT GUNS. All the Latest Improvements. FOR DESCRIPTIVE CIRCULARS, ADDRESS i i . . . r.. o 5 Lamoerson, rurman&oQ.,; SOLE AGENTS FOR E.Remihgton&SonsI Sporting Arm and Ammunition, 281 & 283 S roadway, "( NEW YORK. WESTERN OFFICE, D. H. LAMBERSON & CO., 73 State Street, Chicago, BL ARMORY; - - - ILIGfN, N. Y. SHOVELS, j SCOOPS, SPADES. ADE IN THE BEST lAMta, BY SKILLED WOWKl REKEMBER THAT OUP. GOODS ARE ALWAYS RELIAILtc One Piece of Solid Steel. 1 NO HOLES OR RIVETS TO WEAKEN THE BLADE. SEND FOR CIRCULAR." REMINGTON AGRICULTURAL CO 1 I I.I ON, N. Y. Mew York Office. 118 Chamber Buret. SOMETHING NEW! t3UMP CHIMNEYS that Will not break by heat, lor sale at ENNI88. DIAMOND DYES - Ail colors ro ENNISB 5 t wish at DON'T FORGET to call for Seeds ef ENNISS', all kinds at TO TBI LADIES r Call and see the Flower Pots at ENNISS'. ADMINISTRATRIX'S KOTICS. Having qualified as Administratrix upon the es-ate of W. A. McCorkle, dee'd, i hereby notify all persons having -claims against said estate to present them to me. for payment oaor before the 17th day of December, 1886, or this notice will be plead in bar of their recovery. Jennie A. McCorkle. Adm'x. " Thco. F. Kluttz, Att'y. Dec. 17, 1885. j81 It is not worth while to think too much about being gocd. Doing the best we know, minute by. minute, hoar by hour, we insensibly grow to good ne?s as fruit grows ic r pene.- jfj VO THE nmm mm REMINGTON 1 4 T2S i V tf r -1 ; - -----flS - x i I