Newspapers / Asheville Citizen (Asheville, N.C.) / Dec. 3, 1894, edition 1 / Page 1
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.. -. ar --. v: ' as,-f r Asheville Daily Citizen, ASHEVILLE, N. C, MONDAY EVENING, DECEMBER 3, 1894. THICK 5 CENGS' VOLUME X-NO. 182. And Now For Business We extend to every person in W. N. C. an invitation to Tisit "The White Corner" and see the largest stosk of Fine Groceries Era Exhibited in tbe State. We have simply surpassed our expectations in the selec tion of these goods, both in quality and prices, and with out being egotistical think many of our citizens might learn things that would be profitable to them by a thor ough examination of our stock, which contains many things not usually lounu in stores outside the great cities The prices of many products in our line are astonishingly low just now, and we shall en deavor to make weekly men tion of many of these. POWELL & SNIDER 'The White Corner." COOPER'S SPECIALS This Week. RESH SARATOGA CHIPS, 15c. Box. PAPER SHELL ALMONDS, 20c Lb. MIXED NUTS NEW CROP. At 15c. LI). NEW YORK EVAPORATED APPLES 10c. Lb. We bnve the largest, the (inert and the best TRUNES ever sold on this market bv nny living man, at 15c. pound. COl'RT ROUSE 8QCARK. THE LATEST THING. The Parlor Dome OIL HBATBR. You cannot conveive of the splendor of thu I Heater except you see it. It surpasses any and all Heaters, not only in beauty of appearance, but also in its heating qualities, power and pur ' ity ol its flame. All or cast iron except the oi; reservoir, which is made ol the best quality of sheet steel, (tinned) drawn up instead of being made in sections and soldered, so that we can guarantee it uot to leak. TWO DEPARTMENTS The first floor Is devoted entirely to China, glassware, fancy goods, etcJ( while the basement is filled with all the nseful house and kitchen I things. We think we have the largest and best arraged store of the kind in the State. Do not forget the openhig days, and come to see all the new things in China, etc. ITH AD. W. THRASH & BRO, A NEW SCHEME OK BAXKINU l'HO- Baskets! Baskets! Luncli Baskets, Candy Baskets, Work Baskets, Fancy Office Baskets. Many kinds of baskets which lor one week we I shall offer at eery low prices, to make room for I our Urge display el CONFECTIONS ALWAYS FRESH. For large boxes nnd fancy basket I send in vour orders for Christmas. Wc It lit Carlisle' lMuu, Hut thu l'rcst itont Approves ol lt-9uitnr Schedule or Hie Now Turin Hlll-Froe Slilpa Foreign Itelnt Ions The MemanvSum unitized. Washington, Ike. 3. The President's message to Congress opens as follows: "The assemblage within the nations legislative halls of those charged with the (lilt? of milking laws for tbe bcne6t cf a generous nnd free people impressively suggests the exacting obligation and inexorable responsibility involved in thiir task. At the threshold of such tabor now to be undertaken by the Congress of the 1'uited States and in the direbnrge of an ixccutive duty enjorned by tie Constitution I sub mit tb's communication containing; a btufataUtr.ent of tbe condition of our nationul a flairs and rccomnieuding such legitlation ns seems to me necessary and ixpcdicnt." Korelun Ifcliitloim. The President first treats o' our off fairs with foreign counties, passing in rapid tcviewotir relation. all fricndlvand of no especial interest, with Brazil, Port ugal. Chili, China, Japan, Germany, England and Hawaii. Of the latter he says: "Since communicating the volumnous coirespnndence in regard to Hawaii and the action taken by the Senate ami House ol Representatives on certin questions submitted to the judgment uud wider discretion of Congress, the organization of a government ill place ol the provisional arrangement which 'ollowrd thr deposition ol the (Ju'.en bas been announced with evidence ol its elTtc'ive operation. The recognition usual in such ca-ts has been accorded the new government." riiuiiu'i's. The President tukes the following figures from Secretary Carlisle's report: "The secretary ol the treasury reports that the receipts of the government from all sources ol revenue during the fisral year ending I tine 30. 1ND4, amounted to 'X'l 802,468.20 nnd it expenditures to $412.tili5. 758.87, leaving n dificit of $(i'J .803 1'GO 58 There was n decrease ol $15 U51i.G74-liG in the ordinary tx- pcnsis ul the government as compared ships Paris or New York of the interna tional navigation company or any other ship of our reserve navv. Public I-amta. It is estimated that the pu'il:c domain still remaining amounts to a little more than 600.000,000 acres, excluding, how ever, about 3G0.0O0.000 acrts in Alaska as well as military reservations and railroad and other sections of land as yet unadjurjicated. 1'enHloun. At the close ol tbe last fiscal year, on the 30th day ol June, 1894. there were 909,544 persons on our pension rolls, being a net increase of 3,532, over tbe number reported at the end of the pre vious year. Tbe total amount expended for pensions during the vear was $139, 804 461, leaving an unexpended balance from the sum appropriated of $25,205, 712. Tbe sum necessary to meet pension exnennitures for lie yeannding June 30, 1896, is estimated at $140,000,000. The commissioner of pensions is of the opinion that tbe year 1895 being the thirtieth after the close ot the war of the rebellion, must, according to all sensible human calculations, see the highest limit ol the pension roll and that alter that year it must begin to decline. I'ouhIou Frauds. The barefaced and extensive pension frauds exposed under the direction of tbe courageous and generous veteran soldier now at the head of the bureau leave no room for the claim that no purging of our pension rolls was needed, or that continued vigilance and prompt action are not necessary to the same end. The accusation that an effort to detect pen sion Irauds is evidence ol unfriendliness towards our worthy veterans and a de nial of their claims to the generosity of the government, suggests an unfortunate indifference to the commission of any offense which has for its motive the securing of a pension and indicates a willingness to be blind to tbe existence ol mean aim treacherous crimes which plav upon demagogic fears and make sport of the patriotic impulse ot a grate ful people. Democratic Saving. The Secretary of Agriculture reports n saving in expenditures during tbe yearot $600,000, which is converted back into the treasury. This sum is 23 per cent, of the entire appropriation, turn, Not Wheat. There was lulling ul in A nitric in wheat exports ol 13,500,000 bushels, and the secretary is inclined to believe that wheat may not in the future be the staple ex port cereal product of our country, but that corn will continue to advance in importance as an export on account ot the new uses to whien it is constantly Holiday Goods, will have a limited quantity, but may e" u with the fisiul (.1 WSi. The value of' i... ...!. our total dutiable imports omountid Which will be of large variety, best quality and I the lowest prices and will be ready soon at not have enough for thr demand. ESTABROOK'S, J M' IiEST' 22 South Main St. 26 S. MIN ST. Grand Opening HOLIDAY GOODS Monday, Nov. 20th. ft is rather early to introduce my line of holiday presents, but to five everybody a chance to see wkert sad how they can buy valuable presenta far stch little money, 1 will only mention few articles, vis; 1$ albums of the very latest de ttfaa, Cellalold backs, will hold jo photos, worth rally frm f ija to ftoa, for I1.75; 71 Albums, flush aid,Celhilold backs, latest !tyles, "orth rally Item i.s to 75, for $1.15 each, and over nm ether articles too numerous to mention here, lemember ike day, November 16th. L. BLOMBERG, IT F4TT0N 1AVBNUB. BOOKS SHELF TON May mean anything from well handled I to barely touched. We have both kinds I on our bargain counter. Why not.dropl in and examine lor yourself? The boys I and girls willcertainly be pleased. Mayi.e 1 Reid'a stories, all but new, 75c, will gol at 45c. Abbott's Stories of American I bistorv, 8 vol., $1.25, ore 70c. each. Tbe I rice of several Rollo and Jonnsbook", at I $1.00, have been cut in half. And many 1 (Ids and ends, broken series, Ilulwtr, I Holland, Phelps, etc., will go at cost or 1 less. "Why?" Because we need room I for the best selected Lssortment ot new I 1 books and all novelties in our line that I we have ever bandied. It doesn't cost I you a copper to tee il we are telling the I truth. Morgan's Book Store i WEST COURT SQUARE. On Monday. Dec. 3rd, I can be found at No. 10 North Court Square where I will be pleased to see my friends and customers. Q. A. GREER. Oakland Heights Hotel WILL GIVE Reduced Rates Until January 15th, 1895. o O o o o to $:i75,109,0ei(i, bring $IHi.(i55,(25 ; loss dining the preceding war, mid the i importations tree ot dutv iim-uiitd to $370, 795,530, being $(!4,74S 675 less I than during the preceding tear. The ! total tux collected Iroin distillled spirits ! was $S5.25!,:!50 25, on ninnufact red ' tobacco $2N,G17 CDS 0J, and on frr ! mctitcd liquor. $31,414.7H0 04. Otir ex ports ol merchandise, domestic und for I cigu, amounted during the year to $892, 140 572, being nn increase over the prc ! ceding year ol $44,405,37S. j The total amount of gold exported during the risen! year was $70,808,001 ins against $108,080,444 during the i fiscal year 1803. The amount imported I was $72,440,110 as against $21,174, 3S1 during the previous tear. The iui I ports of silver were $13.280 552 and 1 the exports were $50,451,205 Total I c menses incurred in the uavnu nt of the boutilv upon sugar during the fiscal yeur was $130,140.85. A lH'llelt t'oinlnu. It is estimated that upon the basis of the prese in revenue laws the receipts of the government during the current fiscal 18'jo, will be its expenditure! St 2 vear ending lunc 30, $424,427,748 44 nnd The exports of agricultural products from the United States for the fiscal vear ending June 30, 1894 amounted to $028 303,038, being 72.28 per cent of American exports of every description. A I'nrinor'H C'eiiHiiH. It is deemed possible that an agricult ural census may be taken each oar through the rgents of the statistical division of tbe department. Such a course is commended for trial by the chief of that division. Its scope would be: 1st, the area under each ol the more important corps; 2d, the aggregate pro duction of each of such corps; 3d, the quantity of wheat and corn in the bands ol the farmers at a date after the spring sowings and plantings and before the beginning of harvest, and also the quan tity of cotton and tobacco remaining in the hands of planters cither at tbe same time or at some other designated lime. The cost of tbe work is estimated at $500,000. Civil krvU'i Hi-lorm. The advantages on the public service of an adherence to the principles ot civil service reform are constantly more np , patent, and nothing is so encouraging to those in official life as the increasing .... . . . ,A Vi oi tue government to mc:i ,ftv" - It would have been well i, m this emer gency authority bad existed to issu. the bonds of tbe government bearing a low rate ot interest and maturing within a short period, but the Congress having failed to confer such authority, resort was necessarily bad to the resumption act of 1885, and pursuant to its provi sions bonds were issued drawing interest at the rate of 5 per cent, per annum and maturing 10 yeurs after their issue, that being the shortest time authorized by the act. I am glad to sav, however, that on the sale of these bonds the ptemium received operated to reduce the rate of interest to he paid by the government to less than three per cent. Iluil l' liiiimt'. Nothing could be worse or further re moved from sensible finance than the relations existing between the currency the government has issued, the gold held for its redemption and the means which must be resorted to lor the purpose ol replenishiug such redemption fund when imoatred. liven it the claims upon this fund were confined to the obligations originally intended and if the redemption of these obligations meant tbeir cancella tion the lund would be very smnll; but these obligations when received and re deemed in dollars are not cancelled but are reissued and may do duty many times by way of drawing gold from the treas ury. Thus we have an endless chain in operatiou constantly depicting the treas ury's gold and never uenr a final rest. As il this was not bad enough, we have, bv a statutory declaration that it is the policv ot the government to maintain the parity betweeu gold uud silver, aided the force and momentum of this exhausting process and added largely to tbe currency obligations. Our email gold irescrve is subject to drain Irom every side. The dcniunds that increase our danger also increase the necessity of protecting their reservengaiust depletion and it is most unsatisfactory to know that the protection atT Tiled is only a temporary palliation. Iteffcctually shows that only way under present conditions there can be replenishment is through issue nnd sale ol the bonds of the gov ernment lor gold, and yet Congress hus not only thus far declined to authorize the issue of bonds best suited to such a purpose, but there seems a disposition in some quarters to deny both the ne cessity and the power lor the issue ol bonds at all. ApilllHt II MlVl l' llllnls I cauu t lor u moment In l i ve that anv of our citiz.-ns arc deliberately will ing that their government should de fault in its pecuniary obligations or that its financial operations should he reduced to a silver basis. At any rate I should not feci that niv dutv was done if I omitted anv tlTort I could m ike to avert such a calamity. As long, therefore, as no provision is made tor the Iinal re demption or the putting uside ot the cur rency obligation now used to rcpeatedlv and constantly draw from the govern ment its gold, und a:: long as no b.tter authority lor bond issues is allowed than at present, just such authority will be utilized whenever and as often as be comes necessary to maintain a sufficient gold reserve am' in abundant tune to save the credit ot our country. Our Currency Not Elimtlc, Ourstions relative to our banks and the currency ore closely connected with the subject just referred to nnd they also present some unsatisfactory features. Prominent among them arc the lack ol elasticity in our currency circulation and its frequent $444,427,748.45 resulting in a deficit of I appreciation by our people of its ad- C KISI' AND HEED COME IJi Foil Al- PLAVSE. The Preattlent'H McMtuiife ltceelveil ami Hend-A Prayer Rr' tho Vlee-l'rexl-ilonfs Paiiirhtor- Uood Attendance on tho Part of llotli ltcpreHvutativcs ami Senator. Washington, Dec. 3 The Senate opened with 69 members in attendance. The blind chaplain, Milburn, in his prayer, specially commended to divine goodness the Vice Prresident and the members of bis family. He gave thanks that his home bad been saved, and prayed that tbe beloved daughter of the bouse mignt be speedilv restored to health, A committee was appointed to wait on the President and receive his message. In the House at 11 o'clock the public galleries were filled to the doors. The most notable event was the reception given ex-Speaker Kced of Maine. The galleries and spectators cheered lntn wildly. A ronnd of applause greeted Speaker Crisp as he called the house to order. There were 211 members present. Wilson ol West Virginia, Holmun ol Indiana, and Kced of Maine were ap pointed a committee on behalf of the House to wait upon tbe President and notify bim that the House had assembled and was ready to receive any message he might send. The committee immediately left the House to join Senators HarriB and Manderson, the Senate committee. Tbe joint committee waited on the President and were informed that he would soon send a message in writing. A half hour later, the President's private secretary delivered the message to Cou grcss, and its reading was proceeded with. -T.T.T.T.' Headquarters For l lk'iits Ulovcs, li. - W. Collars and Cuffs, Kaiser Collars and Cuffs, Monarch S iirts, Knox II,. u, Men's 1'iiic Shoes, Winter I'n icrwear, An I All Kinds Of Men's I'ixiiif. MITCHELL, j Till; JltN'S (H'TFIITEtt. I 28 PAT TO N' WKNUE. NEW UOAKD Olt(i.VMZI'.l). I. E. I tn it k I il Aiciilu C'htilt'mitti ol' tlic County Commissioners. Buncombe's new Hoard of Commis sioners, composed of the members of the old Hoard T. li. Knnki'i, R. C. Clayton, J. F. Wells, G. M. White and D. M. Gin ger took into their hands the manage ment ol the county's affairs today, when they were sworn in by Supciior Cm t UcrK Cathcy. The Hoard began its work by electing J. E. Rankin chairman, a position which that gentleman has held for many yeurs. The morning session was mostly de voted to tbe consideration of bills uud other routine work. Two constables, J. V. Johnston ol Avery's Creek township nnd L:vis L Smlson of French Broad, filed their $1,000 bonds and the oath wus tidinin istered bv Chairman Kunkin. It was expected that the county c ffi cers would file their bonds aud be sworn in this afternoon. Nothing makes a Holiday pvesru; to your mother, w PUFF BOX, POWDK 11 A X 1 ) PUFF We are ilisnlayitii; lu.Uy nil exceptional Hik ci tti- l ,:! C0!!si!tlll of HierlliiK silver Hoai x, Pure Alum. Inuin unxeti, tViinoiii uoxeo. Fancy .Ile a' Il .v and Pvrulin u ix-N NEITHER COl'LD SCOKE. TlinukHiflvlnu; Fool bull Extraordinary North Carolina Conference. Trimtv College, Diruah, N. C, Dec. 1. The Sophomores and Juniors met on the football field Thanksgiving for the college championship, lloth sides played well, but neither side reached the 25-yard concentration in financi il !.in? du.rinK the wholegame. Score Sophs. renters when it is most needed in other Ui juniorso. parts of the country. The absolute di- he Durham people arepreparing with vorcement ot the government Irom the i Ki i Kvc ine norm nro circulation of tbe currency of the coun- ima conference a hearty reception next week. The college boys are looking for ward to the same event with great ex pectations, when they can get a day off 1894 I SKMSiaEM ALL ARE INVITED Monday, Tuesday & Wednesday (Deo. 3, 4 and 5,) TO THE At LawB, JJ J7 f ATTON AVBNOR, ABHSVILL8. Turkish Bath Towels. Bath Brushes. Sponges and Chamois. New Lot Just Received. IHeinitshA, Reagan. SPARTANBURG STEAM BAKED BREAD, 7 LOAVES 25 GTS. Full Cream Cheese 15o. Per Lb. Pure Apple Cider 40o. Per Gal lad a FiD Lint of AH Kindt Groceries. A Word to , ... ; PrlcttJ B. Neb tbt Piblic: Cotapan 0nr iWltb tbt Price Toa Art Pajiad Aad Tbat Will Settle All Thing! to Comt, T..iA.ISrp DOIT. $L'0,00(l,tl0l). Money In I ll'i lllntlnll. On the first dnv of November, 189, the total stock ol money of nil kinds in the country was $2,240,773.8S, as agu nst $2,204,651,000 on the first dav ol November, 1803, and tbe monev of all kinds in circulation wns $1 G72.093, 422 or $24.27 per capita upon an esti mated population ol 08.887,000. It is estimated that on the first day of July, 1894, the stock of metallic money in the United States, consisting of coin and buPion, amounted to $1,250,640, 958 of which $027 923 201 wus gold and $624,347,757 wn silver. '1 lie National Hanks. The total number of National banks in existence on tbe 31st day of October, 1894, was 3,756, being 40 less than on tbe 31st dav ol October. 1893. The capital stock paid in was $672,671,365, being $9,678,491 less tban at tbe same time in tbe previous yeur, and the sur plus lund and undivided pronts, less ex penses nnd tuxes paid, amounted to $334,121,082 10. which wns $16,089,- 780 less than on October 31st, 1893 Tho Army. While the maximum legal strength of the army is 25,000 men, the effective strength through various causes, is but little over 20,000 men. No considerable increase in the army is, in my judgment, demanded bv recent events. War Department Expenses, The total expenditures for the war de partment for the year ended June 30, 1894, amounted to $56,039,009.34. 01 this sum $25,37 1,555.96 was for public works. This latter sum inrludes $19, 494,047 49 lr river and harbor improve ments and $3,947,813.56 for defenses. State Mllltln. Tbe total enrollment of the militia ,of the several states is 117,533, officers and enliitcd men, an increase of S343 over tbe number reported at tbe close of tbe previous year. Tbe reports of military inspection! by regular ormy officers show a marked increase in interest and efficiency among the State organisations, and I strongly recommend a continuance ol the policy of affording every practical encouragement possible to this auxiliary of our military establishment. Tbe Supremo Court. The report ol the attorney general notes the gratifying progress made by the Supreme Court in overcoming tbe arrears ol its business and in reaching a condition in which it will be able to dis pose of cases as tbey arise without any unreasonable delay. This result it very largely due tu tbe successful working 6f tbe plan inaugurating tbe Circuit courts of appeal. Iturnl Free Delivery. The estimated cost of rural free de livery Benerally it to very large that it ought not to be considered in the pres ent conditions of sffoirt. The Navy. Unlest new ihips are authorised the apptopriationsfor the naval service for the fiscal year ending- June 20, 1897, should tall below the estimates for tbe coming year by at leait 913,000,000. I recommend tbat provision be made lor the construction of additional battle tbioa, torpedo boatt. and tbe manufact ure oi a supply ot ordnance material lor vantages. A vast majority of the voters of tbe land are ready to insist that tbe time and attention of those they select to pei form for important public duties should not be distracted by doling out minor offices, and Jthev are growing to be unanimous in regard'ng party organ isation as something that should be used in establishing party principles in read of dictating the distribution ol public places as rewards ol parties ac tivity. Numerous nditional offices and place have lately been brought within civil service rules and regulations, and s inie others will probably loon be in cluded . Nut mini Health onicci-. 1 urn entirely convinced that we ought not to be longer without a national board of health, or national health offi ccr, charged with no other duties than such as pertain to the protection of cur country from the invasion of pestilence and diteuse. The Tariff. try is a condition that cannot be imme diatelv reached, but, as a step in that Hir.i-I inn nml na n mi'inia rtl tfi ttrimr n mure elastic currency and nicctiiu: other unu hcur the eloquence of the Bishop, objections to the present arrangement ol bank circulation, the Secretary of the Treasury presents in his report a scheme (jloliig to Washington. Congressman W. T. Crawford p used modilvitig banking laws und providing ! through this alternoon from Wavnesville ior me i-ue oi circulating notes oy nunc i . . ... t tl . ,M f, ,,; .,j. .,,: I on his way to Washington. He was ac- limitations. 'I content mysill with nn unrqtinlilicd endorsement of the secre tary's proposed changes. The Details ot'tlie I'lnn. It is provided to rcpeulall laws provid ing for the deposition of United Stutes bonds at secur ity for circulating notes, not exceeding in amount 75 per cent compamed by Mrs. Crawford and the buoy. The Congressman weighed 202 fiuunds tins morning, and enjoys ex el ent health. Ill Hie mo.t lovely li.i nn.l pow.h:r for vi:ik our holiilay oo:ls tliir.- le tlictn ;it oiKf. It i Open eve mil;; izo., also puffs not sec il iVS I In I II y.m have c.L.vMi, iMiuc ami exam 1 p iy you to do so. '.'.1! il oduL-k. RAYSOR & SMITH, l'rescriiitii.u I)ni.i.sls, JI PATTON AVKWE. tbiir paid up and unimpaired capital, Too Hleli to Servo Ills Country. Whitesto.nb, L. I., Nov. 30. Thos. I.. Casey, a private in Company C, Uni'.cd of States engineers at Willets Point, w ho, through the death of an aunt a few weeks I . di. (5 grn ' t provided tbe, deposit with the : gov- -tiV niti-ii ablpt of the navy, and alto a tupply lor tbe aailliar navv. We bare not toda a tingle gaa tbat conld be pat apoa tbe The tariff act passed at the last session of the Congress needs important amend ments if it it to be executed eflectively and with certainty. In addition to tucb necessary amendments at will notchange ratet ol duty, I am still very decidedl in favor of putting coal and iron upon tbe tree list, ao tar as the sugar schedule il concerned, I would be glad, under exit iK aggravations, to see every particle of differential duty in favor ol refined sugar stricken out of our tariff law. If, with all the favor now uccorded the sugar refining interest in our tariff luwt. it still languishes to tbe extent ol closed refineries and thousands of discharged workmen it would teem to present a hopeless esse for reasonable legislative aid. Whatever else is done or omitted I eurnestly repeat bete the recommenda ti in that tne additional duty of one tent ti oi a cent per pound laid upon sugar imported irom countries paying bounty on ilt export be abrogated, Vl-ee Ships, Our new tariff policy, built upon the theory tbat it it well to encourage tucb importations at onr people need, and that our products and manufactures should find markets in every part of the habitable globe it consistently supple mented by tbe greatest pjsiible liberty to our citirent in tbe ownershipand nav igation of ships in which our products and manulacturet may be transported Tbe millions now paid' to foreigners lor carrying American passengers and pro duct! across the eras should be turned into American hands, and. thip-building, which bat been protected to strangula tion, should be revived bv the Drosnect ol profitable employment for ships when uuiu. i uc ancient provision oi our law denying American registry to tbipt built abroad and owned by American! ap pears, in the light of present conditions, not only to be a failure for aoodat everv point, but to be nearer a relic of barba rism than snvthiog tbat exists under tbe permission of a ttatutc of tbe United States. I earnestly recommend itt prompt repeal. The IsMiie of Ilouda. . Daring tbe last month the gold reserved in tne treatury for tbe purpoteof redeem ing tbe notee of the government circulat ing at money la tbe batidt of the people became reduced, aad Ita further depletion In the near I at ire teemed ao certain that in .be exercise of proper care for tbe pab lie wtlltre It became necessary to rtnkn- itb this reserve aad thai maiotaia popu lar faith la tbe ability aad determination ernment us u guuruntce lund in tinted Stoics legal tender notts, including treas ury notes ol 1890, a sum equal in amount to 30 per cent, of the notes they desire to issue; this deposit to be maintained at all times, nnd whenever any bunk retires anv part of its circulation a proportion ate part of its guarantee lund shall be returned to it; to permit the secretary of the treasury to prepare" and keep on band ready for issue, in case an increase in circulation is desired, blank natiounl bank notes ior each buuk having circula tion; to repeal the provisions ol the present luw imposing limita tions and restrictions upon bankt desiring to reduce or increase their circulation, thu- permitting such increase or reduction within the limit of 75 per cent, of capital to be quicklv made at emergencies arise, Hulbty l und. In addition to the guarantee fund re quired, it is proposed to provide a safety fund for the redemption of the circulating notes of iailcd banks, by imposing a small annual tax, say one-half ol one per cent, upun the average circulation ol each bank until the lund amounts to five percent, of the total circulation out standing, When a bank fuils its guaran tee fund is to be paid iutu this safety fund and its notes are to be redeemed in the first instance from such Ba'cty fund thus augmenting any impuirmentol such fund cuuted therehv to be made good from the immediately available cash as jets of said bank, nnil if these should be insufficient tucb impairment to be made good by pro rata assessment among the other banks, their contribu tions constituting a hrst lien upon tbe assets ol the fuiled bank in lavor of the contributing banks. At a further security it itcuntcmpluted tbat tbe existing provision fixing tbe in dividual liability of stockholders it to be retained and tbe bauk't indebtedness ou accouut of itt circulating notes it to he a first lien on all itt assets. For the pur pose ol meeting the expense of printing notes, otticial'a supcrvision,enncellntion and otber like charges there shull be im posed a tax of, tay oue-hulf of one per cent, per annum upon the average amount of notct in circulation. It it further provided that there shall be no national bank notes issued ol a lest de nomination tban ten dollars; that each national bank, except in case of a tailed bank, shall redtcm or retire its notes in tbe first instance at itt own office or at agencict to be designated by it and that no fixed reserve need be maintained on account of deposits. Tbe Tax ou State llnuk. Another very important feature of tbit plan it tbe exemption of State bankt from taxation by the United Statea in catet where it it shown to the tatitfac tloa of the Secretary of the Treatury and Comptroller of tbe Currency be bankt claiming tneb exemption tbat tbey have not bad oatatanding their circulating note exceeding 73 per cent, of their paid , COKTlKUEDORrOUa.IU not. CONDENSED TELEGRAMS. Gov. Flower refuses to grant irquisi tion papert for John D. Rockefeller und other to the Governor of Texas, ou the ground tbat the papers presented were not sufficient. Tbe Pope is inquiring into the persecu tion of Armcaiant, further details of which have come to light. The Bank of England's rate of dis count remains unchanged at two per cent. Yale bent Princeton Saturday. Thrre was very little slugging. NORTH CAROLINA NEWS. Wait a Few Days For our toy opening it will pnv you it takes time to a such a stock as uun in good shape pari of our goods not in yet all the 1 Host novelties personally se lected from the pick of the Northern market. Those rl g nil French ih' are the per fection of (Ml making not many of tin in. Our 10c, "e. nn-l U-. count.T will in terest you no f.iiicv i:i.cs here. Don't wait for a r.tin to buy nn um brella anything Irom 50c. to those leather covered umbrella and cane combined. Large scliction of vocal anil instrumen tal music 5c. a copy. All novels and bonks at reduced prices. II you want a cane you can't nd'ord to pass here vou couldn't lulp buying the way we sell 'em tf'J.OO silver mounted Congo enncs $1 .25-$l 00 Congos 50c Uamboos 5c. You c tn't always net the opportunity of buying French Hiiar umber mouth piece pipes at $1.25 ;bc kind usually sold at $1.75 to $2 73 you'll believe it if you see the pip-.-s. RAY'S, UN. Court Square. John U. Eaves, ex-chuirmau of the State Republican Uxrcutive committee, declares himself in luvor ol tbe election of two Republican United States Sena tors Irom North Carolina, lie says: "The Republican party has tbe balance of power in tbe Legislature, thev have the opportunity for electing two United Stat s Senators, and tbey ought to avail themselves of it." It is said that more than 80 resi dents of Pittsburg, Pa., and surround ing towns will toon take up permanent residence in North Carolina, Farming lands to the extent ol 50,000 acres huvc been leased and purchased in Crnveu county, at tbe junction ol the Neuse and Trent rivers. The Pilot cotton mills of Raleigh arc now owned entirely by James N. Wil liamson and W. II. Williamson, who have purchased tbe half interest of O. H. Foster, who retires. Mr, J. Mac Price, jr., of Wtixbaw wat brouebt to Monroe Satur day, charged with trying to burn bis store bouse at the lormer place Thuit- duy night. Governor Carr on Saturday received $13.45 lor tbe Vance monument fund Irom Bnttlcboro township, Edgecombe county. Mrs. John A. Holnian of Waco, Rutherford county, committed luici te ou 1 nanksgiving Day. Durhtm't ttreet railway track has, alter several legal complication!, been torn up. . Stetson's $4 hat, latest blocks, algood ai any 5 bat on the market, at "The Men's Outfitter," Hotel Berkeley. Silk and linen bandkerchieft, plain nnd fancy horden, af'Tbe Men'sOutfitter's," Hotel Berkeley. Colored and full dreea shirt!, nigbt rouet and paiamat at "Tbe Men'i Out fitter," Hotel Berkeley. Fine Indian river orangea cheap at Allea't, tbe place to get baaanaa, "Blue Label" Ketchup call: on W. A. LATIMER, NO, 16 N..IOUKT SOIMKK, Anil nay a lloltU- ill Tlir 1 liu-st KctchupjlOn The Market. Fencing achool, 83 Fattoa ate. "Call." B. H. Cosby, 8uccesur Tu 0, Cowan JEWELER. All Watches At Greatly Reduced l'rices. ttPatlon A.ve. ' ' ' . : ' - .'... . 1,1. . . . -t 'fe'ivriiti'ri.4'' WQW W-Jvil'iWH. i li'ilaMir llaV ifMrlriHr--lf rtlilariiiiisi'ill''if'ltii"- r 'nlniiVtiatiwa'ii1 V ' ' ' " ,
Asheville Citizen (Asheville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 3, 1894, edition 1
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