North Carolina Newspapers

J l: THE BEACON R. S. White ; EitEwr and Propriotro. CAflFAIGN BATES : TWENTY-FIVE CENTS JTOB THREE MONTFS, % ' STRICTLY IS ADVANCE. j ' 1 V-1** L !*''.''i'l. il u.'- r * I - > p*st-0ffit* at Eliza wt blown, jv. c, ut seevnd clue* mail TVa\ler.~*Si r; -s ; \Z j .. ■ .!■■■} ■ * W-: I, A SFMHAUY OF THE TKEAM CRT REPORT. [From New York Star.] 'jrtae.koy to * be statement a ami re«o*n*v»nda?tons | of Secretary Fab child’* annual report is found if. thisaeutenee : ; *Xo continue taxation sith no use for its proceeds than suck an investment is a cruel waate of the people’s money.’’ ; O’he use referred to by the t>cre tary is a geoemt prepayment of tbi public debt by the purchase of bojuds with surplus accruing at present- rates of taxation. The pi* into to* commanded by the bonds are so high that the attempt to invest present surplus revenues in them before maturity would re dnire the expenditure by the Gov eminent of very nearly the whole anionkit of the interest that would have to lie paid on the securities ii they ire re allowed to reipain .out standing until they matured. The t)rice how paid lor the few Coni and a half per cent, bond* that are offered realises to the Government only about oi»t- and a halt per cent, peh >ear. Why, i* the point of the Secretary's inquiry, should the Gcjveruineutl nre.st'its njouej at so *mi»U an in revest, or, in fact, at no interest af all inetolv for the pur pose of continuing the collection of Upneeiled taxesJ As a financial proposition, the Secretary’s argument is obviously sound. Its bearing upon the in dustrial and eo rime rein l interests .. I ■ H • j ' . J. J: ItftO country is allot her matter. It-fa certain that uotljipgbnt. ruin could be expected b the banker or merchant who y.be’ 1 devote liis accumulated capital to buy mg'up hi* outstanding obligation? matur ing in from two years to twenty yiff*, and pi* big. for the sake of getting the notes back again, all the interest that would become due on them up to their maturity Secretary Fairchild thinks it clan thar whatever I• done about the surplus, it Hb'hnh! not hb devoted to paying for unmajtured bomb extravagant price.* fixed by tbo de htahd- prematurely jamll unnec*; s~ sariilv Created by tile Government t’ov iIh own pbtigations. Sneb a j, policy h6 regai ds as using t be in on .ey if of taxpayers lo pay the Govern moiil debt Juice for tie benefit of ttuf bondholders. -Vith tot’i rtdii’n.} woefiptsof #8f!l,0QOi0:(|O and « sipendUnres of I |K . nefunljv #200,000,01)0, the siurpl0s accrued during the irs.t fisc ! ' * av was b!*pbed. to the e\U-i>> of >283,000,nop, to the pur u|Kisaj of bonds, the ^redemption of (left kod tbe.p lymerft of interest. So there remained a balance of 000,000 to be added to the Vafojh in tire Treasury On Sejptcm Jb«i| 29, 1888, the accitii nlnted sur )b»k v ;08.000,000, tin* accre ims.i- nOn h. before June 30, 1880. will amount to $7,5,000,(mo. Hence* bond purchases apart, the surplus on dune 30, 1870, will be nearly $l72.0tm,0«0. Tb4 bond purchases of the past three mop the have, however, amounted to nearly $43,000,000. leaving a surplus of $137,000,000 to ?>e dealt with at the beginning of tl o next fiscal year. li taxation remains unaltered, tbC surplus ih the fiscal year 1889 90 will be not less than $101,009, 000. We will tnerefore have on ban* during the next eighteen months ‘or tl|e purchase of out stan ling bonds, $228,000.00); while tbe first payment of princi pal nod public- debt to be met is that lor #188,000,000 of four and a half pgr cent, bonds falling d ie Sep. 1, 188ft. Allaeeunnilatiois between July, 1890, and Septem ber, the 1891, Will be mouc 4, eountry can have n r for which o ase other than ini buying up, by lion, secnritifs that do antlcipa not mature , . ■ ‘ - -1:' i i 1 • VOL. * ELIZABETHTOWN, N. . THURSDAY DECEMBER 13, 1888. NO 49. iJ iiij until 19< 7. Taking together the four per cents and the font and a half per cents, the surplus would suffice to pay them ail, principal and full in terest, before tie year 1900. In a word, at the present rate of tax fttion, we would have onto! eigh teen years’revenues those of more than seven years tc spare, after providing fully for all expendi tures a ud iindebtedness. Snob is the financial condition which Sec retary Fairchild thinks intolerable. No other country in the world can show sncli a condition of its fiuan ccs. The quest ion is. If the sit nation is intolerable, what shall be done to remedy it ? THE JU.AIK BILL ]Fr»in State Chronicle.] Major Finger, our wise and effi cient Superintendent of Schools, is very anxious that the Blair bill should pass in its presept shape and In* has enlisted the active el forts of North Carolina’s members of the House who will press for its passage bp the present Congress' as it come from the .Senate. It is feared in many .quarters that if the Republicans hare control of the bill they will pass it in a more ob jectionable shape giving its distri bution to Federal agents instead of letting it go through the regu lar channels of t ie educational del pertinents of the States. The! Chronicle joins Maj. Finger iu his vies ire. 1c is in port ant that we rid the Treasury of rhe surplus; ami it is far better to use it to aid the South in its attempt to edu cate the negro than *o pour it out j in pensions to u meed mg Federal soldiers. It behooves the Demo crats in the Home to ose every eudeavorto seen e the passage of. the bill in its present shape. The Chronicle would like to have it still further amended jectiouable now t han it would be if u Congress wi o’ly Republican should give ns a Besides, we ar publicans wonld is n bill framed aid the South. Southern tax pat\ eis are coiiipv llev negro and most they baying taxe mandate of the < Norn ought to I t ho SotPh to f this purpose. X aid. is wisely and jus) purpose is to ai< cause, under its money is to be a States on the has but it is less ob other bill., 1 ■ not snre the lie- j >ass it at all. If; ml intended to to educate the generously are s to carry out the Constitution. The elp iu this weik. there is no justice in compelling itsojlf atone Tor le North ought;to The Blair bit?.' ifi fife main. ly framed, its: the South be-! provisions, the! ' 'portioned to the) is of illiteracy. No other basis of apportionment; would be helpful or fair to the I Bouth.» V e fear a new bill, to he drafted by a victorious Republican pa: tv, therefore we urge Southern men to spare no effort to secure the passage of the Blair bill by the present Congress. j i A EECOKD HABD TO BEAT. [Cleveland Press.] Tho Government jpeasian ro!I contains tho names of 452 557 pieo pie. Lust year there Were added 02,252 names, w hile increases were allowed in 45,710 eases. Harrison’s Administration w^ll have to do some bustling to exoej last year’s record. The town of liessemer, Alv., was laid oat in (April, 1887, and in 8*p temirer, 1888, it bad a population of 3.500; Koanake, Va., with 400 people in 1881, counted 12,000 in 1888; Decat ir, Ala., with 1,200 peo pie in March, 1887, reporter! 7,000 in July 1888; Sheffield. Ale., with 700 January I, 1887, reached 3^*00 in August. 1888, while Dallas Te*. had 1«|500 in 1880, and in 1888 comes up with 40,700. ouly a few samples of w hat New Sou thus doing, are the i ELAM ASP THE BfQ fOTJE Gen. Harrinon^ Partner (’on fern with Mr. Morton -The Palronagf Qn^tioo. The cause of John B. Elam's, General Harrison's law partner, secret mission to this city stili forms an interesting subject for the conjectures of Kepoblican i>oli tieiaos. Mr. Elam has stated the object of his visit to be the ar rangementof a conference between his distinguished, partner and l,e«* P. Morton at Indian;?^- ’ reported, too, that he is here u. | the purpose Of obtaining rhe<views of the Big Fonr as to how the :n terests of the party can best be subserved in the distribution of New York’s share of the patron age. T j ' It was reported yesterday that Mr. Platt's chances for the Treas dry portfolio had been greatly im proved. J Tuesday afternoon and evening Messrs. Morton and Elam exehan ged calls. In the evejuing pow vow at the Gilsey House the Vice President elect and the Other big politicians present decided that it would be for the good of the par ty if he make the proposed trip to Indianapolis. Mr. Morton con seated tp go, but the date of his departure has not yet been di vnlged. Yesterday Mr. Harrison’s plenipotentiary spent a groat part of the day with Cliauncev M. l)e pew. i Mr.Elatn steadly refuses to be interviewed.—New York Star. Why l>itl You Do So? [Burdette in the Brooklyn Eagle,] What’s that, ipy son? “You bet every dollar yon had in this world ou Cleveland ?’’ Well, th' was every dollar ye*’ wheie, because I know v money in the other world ro ov. “And you lost every cent of it!” I’m mighty glad of it. I wish you had lost lnor'e. I would have been just as glad, so iar as you are con eerned, if you bad lost it on Fisk or Harrison. Bet all your mon ey on Cleveland, did you? Oh. donkey of the waving ears, did Cleveland ever Get any money ou you? Jlid Biaine back you up at long odds when you ran for school trustee? Bet ol! your mon ey on men who never risked a cent on you? I see you have no oyercoat; that’s good. If there is any virtue, in Irostf, my boy, yon’!I have some sense by spring; enough, let us hope to rust |you fonr years. ' A first class editor achieves the biggest, kind of success, declares the A tUbta Dofutitutwiy when he secures a salary of $10,000 a year, and the best American novelist thinks that he is doing wonderfas* T I f' J . £ fj. . ■ ' • !'. lv well when he earns the same sum in a year. And yet a fellow whose stones dbn't cnnio under the head of literature, nho4e style is course and ungrammatical, can make three or four tunes as much as the culture editor and novelist! Sncli a writer is H. P. Halsey, of Brooklyn, the anthor of t he “Old Sleuth” detective stones. Mr. Halsay’s facile pen jields turn c income of fn.m $30,000 a year. Mr. Blaine will live itt Washing ton this winter. It Is possible that Mr. Harrison may coax him to go to work next spring. Since John L. Sullivan’s illness, there are almost as many tappii cants to fight him as there are Re paid icans seeking a position in H at rison's Cabinet. —-——~j-■' if the Western people areklesir ouvof sap plying the dicth of marriageable women in the loeali ty we should suggest tha- t hey confer the name of Matrimony to | one of the new States to be admit | *«<*• Col. Brick has wiihdiawn his , name from the newspapers, and j1 the bosineMS of the late campaign tn«y be considered eiojewl. i 'ii'w' fdl . f. ■ ; ‘ " -t Tit*Fla* At The Mnsiliead. righr Tho a »id lil'gll llilTs Albany Speech | oeipie of Tariff Koforni et with temporary tie uer or later it will nltr-j riutuph in tt»S» couir ryv Cleveland and the De party «eie o succeed. with us, and t w o week.’ s-aon would have ‘>rv. Permit n.a ** be lid iues »o courageously iu the interest of the whole peo pie musffnrtt he abandoned. Om been nailed to the mast H W|ij& remain. ^Tetu pe er must not be permit ted to il».»o«nir»ge us iu oar tinsel tish efforts to relieve the people st »ud unnecessary 'tax-; uporary expedients will * iEer • ji*r/;postpone <«nr , Let us steadfastly the principle of Tariff Hag b aud fch rary <|i from uii, ation. T only tlnal trf ad ere liefonn, :end the -cloud'1 that now obscure our pathway will soon pass away. Col. Staley,of the Vourier-Journ at, is seeking to rectify an error. One nigjjit^ before the complexion first Congres • had lie weufc homo and of the ||ifry been dfMded, was ineLby Ins wife. “Wely5 she news'!*’ ] “YWrje lost plied sadly. asked, “what’s the the House,” he re “Are you suke,” she went on. Not positive, but every indica tion >»• ’ ts^that way.” boy and girl overhead 1 looked at each itiqair *•#>?> parents, but il* "f Kap about ter the Colonel l to learn that all his u neighbors were talking i, and telling it around j tin t Col. Steaj’ey bail gone over! to New York before the election ! to bet on Cleveland and that he! had lost his house as the result of! bis recklessness. The kids had told the story without suspecting there was any other House to lose than their own. This is the er:or the Colonel wishes id rectify. He didn’t l>et at all: be usverbets. .1 THE PEES IDE NT. 'Oft i n»g We commented briefly last week (iu tlie Fresii|lent’s*Mersage, npith ©r rime or space at tlmt late hour allowed further mention. \\ e publish certain portions of this great State paper this week, givini below. When? the experiment of our government was undertaken, the chart adopted for our guidance was the Constitution. Departure from the;lines there laid down is failure. '*] ism is a hateful thing *6 peace and organ ~ "omtuuj; . .tti and cap j .rowth of overweeu ut.V aud selfishness, which insidiously undermines the justice and integrity of tree insti tutions, is not less dangerous than the coni Bin ii hoi of oppressed pov jerty and toil, wlreb, exu«j»erated by injustice and discontent, at tacks with wild disorder the cita del of government Uo n <K*ks the people who pro IKxses that the government shall protirt :h» i ch and that they m turn will caxe for the laboring 1 popr. : j .■ j.j. ... The existing evils and mjnsiie© j sbontd V honestly recognise*!, boldly met and effectively reme died. ■ y y .[■■■■:•. ! fhe otu^e for which (he battle is wage,} is comprised within lines ~-i— i ,• , i ! dearly ainL distinctly drawn, It! shonhl never be com pro mined. It 1’«the people’s cause. I [ | TnE Cincinnati Cowwereoil (lazette iit mentioning a list of Ohio men for ASr. Harrison’s Cab inet and other prominent positions entirely omits the name of Murat Halstead. T* it the C.-O. or its editor who is thus pins»omen ally modest! The President refers lo a trust as ‘«the oomronuhuB of com bined wealth and capital.’* This it somewhat different from Mr. Blaine's definition. The President’s message is long, lm; ir is readable, and the reader will rise from its perusal with the Conviction that if Mr. Cleveland had issued a message a year ago similarly general hi its scop", he n igbt liow be engaged tn the preparation of his secoiin inaugural. 1 I-Mu ■ -!j M*y Harri ott—firmly: w become President- there is P be no and I power behind the throne, want everybody to understand it. Mrs. Harrison—-sweetly : Benj amin, don’t forget n e, please. hen 1 The Indianapolis Sentinel is oi the opinion that Senator Allison will bp Mr. Harrison’s Secretny of the'Treasury, And Senator Alii son denies the rejn rt that when he visited Indiauopolia be was tendered and accepted the office. On pretty good authority we will go a little further and say t)»€> Sen at or will not accept the position if it 1)0 tendered him. He likes his p’ace as Seuator, he can have it as long as he desires, end it i not anything like such a difficult office to till as the Secretaryship. John Sherman, who helped to steal the Louisiana vote for Hayes, is to entertain the latter at; the inangnratinh of Haniscn. Par ndbile fiat rum. It seems that the Pro ideal eh-et tries to dame* a r^iadrdle bn is something of a waddler. (>i Thanksgiving evening he was *i very glad he trusted his legs In s dance. Lieut. Gov. .Tones, of York received'387 more vof -s t It an Gov Mill received. Is Jones I lie con ing man? He is clearly more tmpr lar in New York than Hjilj : C ! 1 In Indiana the bossohjsent awa hundreds of lit mocrai ta| miners t other counties in ordt* one county for Harrbo and free election did y Wilmington S*ar. «»> ! earn tAi 'VilHliillfjtrtfl g* \<sl naming John Hhf' inafi i t«jrv of Hrnfe*. — now 4 IW i f?*r $ecro j] I jf i,' T j j. ; Jiidpc Bohnrt top iv Cabinet j Hnghes is named appointment irorn V||j|i;tj|tL lit is not ihOngld by tl»«i» iMerul*er* I'.oif Congress no* in \V»idmigt'*u i that them will bn nn e$t ra m saion » * ■ 11rrr -HI# called by Harrison, tint ate in that in are 23.1HH) boaters,—fell loin; The <•>•' i» there to thought be purchased—and *t la that Quay bong IB Of them. -*—f Harrison’s J ndjaihapolis or j a an persists in saying that he mil I stick ladlifnlly to Civil Serrire. A death k« ell then to mary hopes--The Bepitidfcans trill make the inaugural ion; of llarri Ikou the grandest display of the kind that ever oeearredin oor I country. —— There was no cheat iog in the Virginia election, or bat little by the Ihetnovra*.*. There waa an increase of 17^518 vo'es over 1^4. Ol these MnnHsou re ceived liJMW and Cleri-Iand hot j C.4S0. That is bail showing f.»r the prospects of the I>ero«*craey In the fntnre^ hnr it proves that, they did not cheat.—\Vilniirigitnh Stmr. T. .tusag ■ RATES _s ' ;* ... * •• j —OP— I AOVERTISiXf? Furnished APPLICATION-. nOfiSOF A TEXAftEDITOR. “The singular mistake,’’ explain* the editor of»Texas paper, “by which oar lending editorial ap peared last week at the bottom of a coin mu co tbe third" page, wao canned by dor having intrusted the setting up of the same to a long. sdab&ided Yankee jour-prin ter who happened along and wanted a job. We told him to make np the forms and work the papers off while we went hoire to give oar wife some much needed assistance iu making her apple butter. The article was in re!»- v t ion to the decent act of the gov ernor in portioning a sheep thief, and was headed browning Folly.” The blundering tramp aot it op *Crar»lierry Jelly* and chucked the artjclu|in the dopartment of‘Use ful ^Household Hcciepes,* J It la such things as these that make the life of a journal!** ope of don- ; slant care ami anxiety and make him an old man ; before hia time*”—The Press and Printer, TARIFF REFORM XfJtl1 . tone. [Kofer tj. MilK j We must go on without a halt. It is our mission to reduce tariff taxation and remove the burden of the people. We will continue the fight for tariff reform until the next Presidential election and then again force the issue. It h the duty of the next Mouse of Bep resentatives, if it has a Democrat ic majority, to pass another tariff bill, and it is the duty of Demo» ■ crane orators and newspapers to educate tie* people on the iniquity of mm ecus-ary taxation. The Tu iff question must l>e kept to the front by the Democratic par ty* whether in vie*or.v or .defeat, until the burdens of the |Mcopie aic removed. 1 am convinced that the West, especially, la fa vorable to tariff reduction, and that if the issue bad been raised by Cleveland in his first message ami we had sufik;etjt time tq ed ucate tbe oeople the result of the present election would be differ ent. But the defeat of l’)eteln'»dg though sincerely to be regrtttein will have ho effect ou I be policy off be party on the tariff qm-siion, There will Ins no retreat, but a steady advance. - “Yellow Jack'' leave* the Bout h with that peculiar reluctance of the departing guest, which is a strong indication that he will t*« only too glad to renew lus visit at the first appoitiiiiitx ; WHY WILb YDC ou i$h wle-n * Ciirsj will, g.'ra k-t mediate. relief. I'lJa It) or 1*5, 5t)e«j::t srt>i >40 dfrfisr. •• ' * For S«le u. Ut N. il»l*»Hi>BVl>ni>f Stoic .Sllll^d'* OlHJdH swl ' | .ab, Care h »>*(! by u* wa n tr» m it**©. P c.urv* '.imsniuptkn. Por-ade at Pt X. ilohm un'r> least ou»nr. \m Biographical Dictionary