Newspapers / The Caucasian (Clinton, N.C.) / July 18, 1895, edition 1 / Page 1
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Tnx MoSST Tbcst aD MojroroLiaa AM BOBBISO PKOPL OF TH1IB TOlt AS DSVAST-TIWO TBXIR HOftl. LZT't Cflot DOWS THE MONSTERS BT SOWIVO CAUCASIAN KS oaa? ftTTUI Mmu raora ttosert? m a. toe tm tss raoriar Tmam THE COCSTBT WITH rXOPLl'S FaBTT TiTKRATUkK. SSSU A SUBSCRIBE! TO ob a saor at raa ubht bt aaa- The Caccasias. UhB CBBCBiBU TO TmM CarCABlAB. THE VOL. XIII. BANKER REED'S STRONG TALK. A Brunswick BaDker Who Has Studied Finance And Talks Plain. BI METALLISM THE BASIS fur mil Huccrsaful Hanking Mstems of the fmt How Contraction It rings Btagoa- lion -What Money In Made Of. from The Atlanta Constitution. Out) of the most notable papers reittl before the recent meeting of th State Banker' Association at iirunwick, was that of President Kenl, of the Brunswick National Unk. Hia subject was "Some Past Kiiiauvial HyHtems anl LessonB 0 leaned Therefrom." He begins wlt(i a definition of money, and while his paper is a very able one throughout, the Caucasian can not, on account of lack of space, Ifjvetuore than extracts from it. Mr. jteed, iu his address, began as fol lows: "If we could penetrate with the v of historical knowledge through the iniMts of Plato's myth we might discover on the Island of Atlantis, BiuidHt its wonderful civilization, the perfection of a financial sys tem. Hut among the martyrdom of literature, fell the great Alexand rian library, that held in its sacred precinct so much that told of ante diluvian splendor and achievement, and only Solon, the great Athenian lawgiver, saw the passing Hash of tli at sublime past. "But live, responsible history holds much in store for us even though it be a history of many fail ures and few successes that with careful study will aid us in deciding intelligently upon the issues that are to day confronting us "In the study of a complete fin nancial system two elements must be considered first, money, and tecond, its agency of circulation i. money and banking. danuers of diminishing supply. "Monev is defined by the United States monetary commission of 1878 at 'the great instrument of associa tion, the very fiber of social organ urn, the vitalizing force of industry, the protoplasm of civilization and at essential to its existence as oxy gen is to animal life. Without money, civilization could now have had a beginning;,with a diminishing upply it must languish and unless relieved finally perish." "In Bhort, money is the instrument of exchange, and is a reliable meas ure of value, only so long as its ra tio in strength and volume to the volume of trade remains uniform. "The functions of banking are re ceiving deposits; loaning money or notes, making collections and issu ing bills of exchange. To these func tions is sometimes added the emit ting of bills of credit. "Money is either issued directly by responsible governments or is au thorized by such governments through banks of issue upon some afe and satisfactory basis. In prim itive conditions, where governments are not sufficiently powerful to main tain a financial system, some com modity performs the functions of money; gold and silver are the com niodities most generally chosen un- der such circumstances, as their , qualities jf portability and durability render them more desirable than other commodities. Many other commodities have, however, been died satisfactorily. In order that the necessity for weighing and assay ing the metals with each purchase may be obviated, this service is done by some reliable individual or association of individuals, some times under authority of an organ ized community of people, and some times not. "True money can only exist where the government that issues it, or au thorizes its issue, is sufficiently pow erful to levy and collect taxes and to fulfill its obligations. dkfinition or authorities. "The money function may be either attached to commodities or not. Law alone makes money. If this statement is questioned I will cite eminent authorities: "Aristotle: 'Moc ey exists not by na ture, but by law.' "Encyclopaedia Britannica: 'The theory of intrinsic .value of mon ey has been abandoned by the best writers and speakers.' "Henry Clay: "Whatever the gov ernment agrees to receive in pay ment of the public dues is money, no matter what its form may be.' "John Stuart Mill: 'There is no more insignificant thiBg, intrinsi cally, in Che economy of society than money:' "Ex-Attorney General Ackerman: Money in not a substance, but an impression of authority a printed legal decree " "North British Review: 'Metallic money, while acting as coin, is identical with paper money in re spect to being destitute of intrinsic value.' t "American Encyclopaedia: 'An Article is determined to be money byreason of the performance by it of ertain functions without regard to its form or substance.' Charles Morgau, of France, au thor of a great work on money: 'Me tallic money, whilst acting as money. mentical with paper money in re ject of being destitute of value. loin, so long as It circulates for the purpose of buying and selling, loses its intrinsic value. As commodities, xoia and silver are capital, but as money they are mere represent tives of value.' "In Buckle's Matchless 'History of English Civilization' occurs the following (Vol. 1, p. 156): 'Gold -d silver tmrniDtl urn nnt wealth. but are merely the representative of health. Money is of no possible use to a nation except to measure and rculate its riches.' MONIY is national: "Money is not international; it is vureiy national. In Internationa trade, balances are settled solely I Oon tinned on Fourth Pat.) SENATOR BUTLER IN KENTUCKY. rwamt, no iainha itoit the Proapoeta of tne People's Part? la the Bio Oraae Stat. Special to the Caucasian. Washington, D. C. July 8. Sen ator Butler arrived here fast week from Kentucky. He attended the Populist State convention at Louis ville and expresses the highest ap preciation of what was done. The ticket is exceptionally good From Governor down its personnel is ad mirable. "It is headed,1 he says, by Thomas S. Pettit, a vigorous safe, courageous leader. lie has been conspicuous in State politics as a Democratic leader. It was a good day for the people when he declared war on the Bourbon "machine." It was, and is, a crime in Ken tucky just as it a crime in North Carolina. It is the unpardonable sin. It takes nerve, sustained by the deepest conviction, to defy the social condition that punish and ob scured the southern Democrat who as serts his own political men tor ship It is a false sentiment and has kept the young manhood in the south in political bondage. It is the result of false leadership, which has fawned and cringed at the feet ot the northern Democracy. Politi cal subserviency to the eastern dogma has made the south solid and built up a "machine" that defies Qod and man. Pettit defied it in Kentucky. He triumphed, was elected to the legislature as an independent and was afterwards oonspicuous as a leador in the State Constitutional convention. He is a man of high in tegrity, is the equal on the stump of Hardin, the Democratic straddler, or Bradley, the Republican candi date. The ticket throughout is good. They were the best men in both the old parties in their respective sec tions and spheres until their revolt against the "machine." Of course they arenobody now!! ine piauorm is a vigorous, incis Ive declaration ot Jenersonian pnn- fiuivo. ii Liiuwiu nvra nuvv uv would lend his great name to its support If the dead and lamented Vance could speak he would inspire Joe Blackburn with the manhood that would compel bis vindication of its declarations. It presents the issue squarely, unequivocally and unmistakably between the single gold standard and the free bimetallic standard. It submits the naked question stripped of all tech nicality and subterfuge of a bime tallic currency gold and silver, united on equal terms, against the Cleveland-Carlisle gold policy, the administration interpretation of the Chicago platform of 182. That is the main issue in Kentucky. It can't be obscured by jiggling of phrases or appeals to decomposed platitudes. Cleveland has settled the interpre tation of the Chicago straddle. The people were deceived in 1892. It was upon the solemn assurance of trusted Democratic leaders that it meant the free coinage of silver that the people voted the Democratic ticket. They will not be decived in 1896, whatever professions, promises and platform assertions the national Democratic platform may make on nnr PrtA flvrt will V- -m A s ( on this line in Kentucky. I The gold people have unlimited campaign resources. The immense patronage of the administration will I be unscrupulously used.to sustain the Carlisle "machine" in that State. What the unstinted use of money can accomplish in the campaign WU be done. It may be a dess against tremendous Derate flflrht odds, but the reaction in popular sentiment since the Democratic and Republican State conventions in spires the People's Party leaders to valiant efforts. The party will be thoroughly organized and its princi ples courageously championed by intrepid and capable leaders. The fight is already on. If life and health is preserved I shall return to the State and take an active part in the campaign. I am not given to rainbow chasing, but in this matter I am profoundly impressed with the idea and conviction of the people's triumph. They demand the restora tion o' silver without ratio juggling or British consent. The leaders have betrayed them into the gold camp. Will they mutiny and revolt! There is not the shadow of a doubt in my mind about it. Will they es pouse the People's Party platforml Whv notl It is their creed. Will they repudiate Carlisle! Why not! He is a confessed traitor. What will Blackburn do! If he does not repudiate himself he will lend his powerful voice and influence to the overthrow of the Cleveland-Carlisle gold dynasty. THE BEAUTIFUL BLUE GRASS country is a panorama of surpass ing loveliness, and it made the heart sick to hear, as 1 did from one of the county officials, that the evidences of splendid prosperity everywhere seen was a nonow mocKery. une travels through miles of magnificent farms. There is no thought of dis tress as the eye feasts upon the lux uriant grass and sleek cattle, but un derneath the glamor is the shylocks mortgage. My information is that nearly all this prosperous-looking agricultural country is under mort gage. It is a daily struggle with the people who own these farms to make ends meet and satisfy the de- mands of the gold interest-bearing mortgage. Kentuckians are a brave, loyal, hospitable people. They love truth and respect valor. They be lieve in fair play. 1 am sanguine that the People's party campaign will produce splendid and perma nent res nits in that historic and chivalrous State. Blf Legal Fees. That the treat Morrison case was an expensive luxury was shown by the announcement of the fees charged by the attorneys. Ex-President Benja min Harrison received $16,000: Ferdi nand Winter of Indianapolis, 16,500; and the other four attorneys for the plaintiffs $7,600 each. The attorneys lor tne aeiense nave presenteu duis as follows: Congressman Henry U.I Johnson, $12,000, and the other three, $10,000, $3,000 and $7,500 respectively. This makes the total amount of fees $80,000, nearly one-sixth of the amount involved in tne suit. rwaflD S)100 THI WIKKLT F" CAUCASIAN Will bs earns oae year WHAT SHALL THE FARMER DO? A Live Question Around Which Bristles Strong Points Certain Matters. on BIQ CAEGOES OF ADVICE Dumped ob the Finnn'i Sboal-ers-Every-body Knows Bow to Farm The Lawyer Ioctor, Banker, Merchant Ac A bl swapping of Business Needed. In addressing myself to this ques tion, 1 fully recognize that it is a hackneyed theme. But. like love, courtship and marriage, it will bear constant discussion. Indeed, until solved, the more it is discussed, the more interesting it becomes. The weal or woe of so many is in volved in it, that it cannot grow wearisome. WHY THl FARMER? I have often asked myself, why does everybody give the farmer advice! The lawyer, from his standpoint, thinks it his duty to tell the farmer how to farm. The doctor thinks he knows what the farmer should do. The railroad man is sure he can give wise and timely advice. The mer chant is greatly troubled because the farmer does not farm according to his ideas. Hence, again and again, he volunteers to tell him how to farm. The editorial columns teem with rules and regulations just suited to bring prosperity to every farmer. Every politician and candidate dis courses eloquently and wisely upon the "dear farmer's" woes and wants. All these, and others, "with one mind and one accord," think they know the remedy for all the farm er's woes. Each in his turn, and sometimes all, in a chorus join to tell the poor farmer how to farm. Indeed, it seems as if everybody knows exactly how to farm, except men who are trying to farm. This phase of the question has im pressed me very much. Sometimes I have thought, what a pity all the wrong men got to farming. Can't we get up a universal swap! Maybe if we could, some of these men would learn a thing or two. What is the matter! Are the farmers too ignorant to learn, or too perverse to accept good advice! All these other classes are personally and pecuniarily interested in our success; and surely their advice must be good. We are ignorant, and they are wise. We should accept and obey their advice. Then why do we not do so at once and unani mously! SOME OF THE REASONS: It depends a good deal upon the me dium of observation how anything looks. To a man with green gog gles on everything looks green. If his glasses be red, everything is tinged with red. belf interest is very strong in hu man nature, and all these men ad vise the farmer for their own per sonal and political profit. And the farmer has sense enough sometimes to see it. Some questions: So he naturally asks himself, how do these men know more about farming than I do! If they know so much about it, why do they not quit their present call i ngs and farm! Why do they not come and show by their success how I may succeed! One example is worth a thousand precepts, then give us a few examples, Why don't somebody tell the lawyers how to practice law! and the editors how to edit papers! and the doctors how to practice medicine! and the railroad men how to run railroads! and the merchants how to sell goods! Why does everybody dump HIS CARGO OF ADVICE upon the farmer's shoulders! The simple truth is, that the farm er knows that very much of this ad' vice is utterly unsuited to his sur roundings. He cannot act upon it without injury and loss. The true situation: Farmers are selfish like other men, and in the long run, do what self-interest die tates. If you will place yourself in our surroundings, you will see things much as we see them, and act much as we act. We feel that we are at the bottom. That our labor largely supports all the rest. That lawyer, merchant, speculator, politician and others grow rich and live in style largely out of THE PROCEEDS OF OUR LABOR. But when it comes to a division of the spoils, we are left out in the cold. Our share is the smallest, both of honor and profit. We think we have enough to do to bear this burden without being abused nil the while for not carrying it just as others think we should. I sometimes think this out in the fol lowing doggerel, which you can pub lish or leave out, just as you think best: If the farmer fails And cannot buy, The merchant's goods Upon his shelf must lie. If the farmer fails And baa naught to sell, The banker's account Ceases to swell. If the farmer fails And has nothing to ship, Then the railroad train Makes an empty trip. If the farmer fails And hasn't the money he ought, Why the lawyer's fee Drops down a nought. If the farmer fails, As sometimes fail he must, Then the whole country Gets on a glorious bust. But if the farmer succeeds, As succeed he should, very body looks happy, And we all feel good. For upon ouibroad shoulders All the rest de lie, And sometimes the pile Gets very, very high. Then who can blame us If we hump and unload The whole mixed pile Sprawling in the road? (Continued on fourth page.) ALE1GH. N. C, THURSDAY, JULY 18, THE POPULIST NOMINEE for Geveraor of tb. Bla. Ormee State- Better Tbaa OM Party Horn The nominee of the People's Party for Governor of Kentucky ia one of the very best men in that State. His ability is equal to that of any Ken tuckian; huhonesty ia unquestioned, and this ia something that cannot be said, in the light of recent event, of old party candidates. His opponents accord him the position he takes among the people The Sunday Post, a strong Democratic paper, says: "The most interesting political event of the week in Kentucky was the ropuust Mate convention m Louisville. Its effect had been, to an extent, discounted, but there re mained that inteiest thich attaches to the personnel of a State ticket, formulated at a time when every ele of strength is carefully weighed and considered. It was a forgone con elusion that the Populist convention would declare for the free and un limited coinage of silyer at the ratio of 16 to 1, and that Hon. T. S. Pettit. of this city, would be nominated for Governor. The former action was one in accord with the common senti ment in the Populist party, while the latter was one suggested alike by expediency and a general recognition of Mr. Pettit's superior claims on the honor accorded him. He stands easily the foremost, as well as ablest, exponent of his party's doctrines in Kentucky. He is one of the few who have been able to carry the Populist standard to victory in hard fought contests, and the fact that his tri umphs were achieved in Democratic strongholds was of itself a significant and striking testimonial. Besides, few men have enjoyed the opportu nities for., political education that have fallen to Mr. Pettit's lot. An experienced and successful journal ist before he entered upon his public career he started out well equipped for progress in the science of state craft. He first served in the Geneial Assembly of Kentucky in clerical capacity, and then filled with signal ability a responsible position in the House of .Representatives at Wash ington, for many years. As far back as fifteen years ago he made a bril liant race for Congress in the second district and his recent race against Capt. Ellis is yet fresh in the mem ory of the people. He was elected to the Constitutional convention from Davies county ,and subsequently to the legislature. Besides this active participation in political affairs he has been in demand as an orator and lecturer on many special occasions. He is also Past Grand Master of the Masonic Order, with all that this im plies from a personal standpoint. We have dwelt somewhat on these facts, because it is no time for Demo crats to disguise or evade issues. Mr. Pettit will go into the gubernatorial campaign fully the equal, individu ally, of either of his opponents. In adroitness, activity, knowledge of men and measures of forensic ability, he is not inferior to Gen. Hardin or Col. Bradley. In some respects he is the superior of both. What figure he will cut in the race remains to be seen. He may prove a formidable factor; he may not. He will certainly not omit to avail himself of all that may be made out of Gen. Hardin's nomination by a sound money con vention, nor fail to throw out a hook for the free silver fish that have de clined to be caught in Col. Bradley's goldbug net. If there are any weak spots in the records or platforms of his opponents Mr. Pettit may be re lied on to discern them and to keep them on exhibition until November. The Populists are boastful, whether sanguine or not; but there seems to be but little chance for their success in the State at large. In Davies county, Mr. Pettit's home, and in western Kentucky it is not improb able that the Populist ticket may re ceive a larger vote than usual. It is better for Democrats to be prepared for such contingencies in advance conditions and realize their mistake after the polls are closed." It Always Pays. It pays to advertise in a live news paper all the year around. It pays just as well in summer as it does in winter. That ancient and very foolish super stition that advertisers could afford to keep out of print during the hot months has been effectually exploded. The great public consumes food, wears out clothes, shoes and hats and pur chases furniture and all the necessaries of life in summer as well as winter. Indeed, the number of people who are shrewd enough to see that it is often profitable to wait for summer bargains is constantly increasing. The mer chant who attracts these customers by seasonable and interesting announce ments of what he has to sell will make money whether the weather is hot or cool, dry or rainy. Tell It Often, Tell It SIp w. Such facts as the following cannot be too often or too forcibly impressed upon the minds of the people : Between 1862 and 1868 the govern ment sold bonds to the amount of $2,049,986,790. The amount of money received for these bonds by the government was $1,371,424,000. On these bonds tne government, or the people rather, have paid in princi pal $1,755,000,000: on interest, $2,538, 000,000, and for premiums on these bonds tbe government has paid in ad' dition $58,000,000. By a summing up of the results of this bond transaction tbe following facts are shown : Received by the government $1,371,- Paid out by the government $3,350,- 000,000. Net profit to bondholders $2,980,575,- 762. If this amount had been paid in wheat the bondholders would have re ceived as a present 31,032,000,000 bush els. As the government is the agent of the people to conduct tbeir business, this bond transaction is a robbery of the masses direct of nearly $3,600,000, 000, or over two billion more than there is in circulation of all kinds of money at the present time. Just stop and do a little thinking and you will see that- this whole busi ness is a deal of sharks by swapping non-interest bearing notes of the peo ple for those bearing interest. And the dear people pay the bills and think it is ail good nnanceertng. - Out with such nonsense and let the government notes circulate free with out interest. -.'ne Age. ILLINOIS Li 8ISLAT0RS BRIBED. e. AltoM way Tbero la bo Deiet ot It. Ab4 That Floaty of ItMwm U at Baa4 o rroTO IU 8prixgfixi.d, I1L, July 9. In an interview with Gov. AltgeloL regard iuf the alleged bribery in connection with tbe attempt maoe to pass the Humphrey racing bill at the late session of the Legislature, the Gov ernor expressed himself as follows: "It Is a fact that certain member of tbe General Assembly were paid large sums for their support of the Humph rey law. One member, I am told, was paid $5,000 by an officer of the racing association. All these Tacts will doubt less be made public at the proper time ana place. ''That boodling or attempted Dood ling has marked the progress of nearly every important bill through the As sembly is common report, and there is plenty of evidence on tbe subject. w bet her tbe Senate and tbe House will notice the Dwyer and Plotke charsrea and inquire into them, I cannot say, but the two houses clearly owe it to their honor to make a thorough inves tigation. "unless something is done to break up the practice of boodling in the Legislature it will result in the break ing down of our State institutions. If some of tbe members who make a prac tice of selling their votes for money could be sent to the penitentiarv it would be the best thing that could happen to the State. Tbe conviction and punishment of legislative boodlers would free tbe Legislature from such practices for years to come." AS OTHERS SEE US. Dir. Prediction ofao English Paper as to tbe Future of America. We are not alarmists, and do not encourage pessimistic predictions. But it is sometimes interesting to know what other people think of us even if their opinions are not such as we could wish for. The English people take a mighty interest in America when it comes to taking intere$t on bond, but otherwise we might sink to perdition as a people and their only interest in the catas trophe would be to inquire if their interett could still be collected. In fact, the American people are al ready condemned by those British ers, and their predictions constitute the most virulent ''calamity howl" that has yet been sent up. Here is a pleasing prophecy from the Lon don (Eng.) Echo: "The signs of the times indicates that before the sun rises on January 1, 1900 the great American nation will groan and writhe in the agony of a revolution, and the streets of all her great cities will be slippery with blood; a hundred drops of blood for each gem that flashes on the necks of rich and pampered women, and ten drops of blood for each tear that has washed the faces of the poor. Politics is so rotten that it stinks. Every one knows and know one cares. America is no longer a republic. It is a plutocracy. The president is merely the creation of bank directors, railroad kings and coal barons; and it is the same with the goyernors of the states. The poor whine about the poverty and gnaw their crusts of bread, but can always be relied upon to vote for the rich. Nine-tenths of them would shoulder their muskets and lay down their lives in defense of the lights the rich to rob them. A na tion such as this, where a million plutocrats tyrannize over sixty mill ion of slaves, will be either over thrown by a foreign foe or die of nM 'ru n n;n i i ;-;-- -;ti,-i,;T.ir ---!, - I liauvua uv.vvj. ia tvgBiuvi, 'U"J together, nor work together, and they have no money to buy votes, law- yers ana juages. ooiaier ponce shoot down laboring people and are cheered on in their bloody work by monopolies and the clergy. But the day will soon come when there will be a horrible dance to death, lighted up by burning houses and the music bombs. Rich idlers amuse them selves at Newport and Tuxedo; poor workers toil ceaselessly in the dark ness of the mine and the den of the mill. Toung men and women dawdle over ice champagne and opera parties; old men and women pick rotten food out of the garbage cars; lap dogs are driven through Central Park to take the air; chil HroTl rilA of OVer-WOrk in filthv tr.r- rets. Piety in the white house is enjoying tne iruits oi Drioery in - ni l". il i a I noeiity in me tenement nouses en during the punishment of upright ness. These are the signs of the times in America to-day signs that point to calamity too dreadful to im I toim- avert" agine, bnt which nothing an A Mathematical Problem. Put on your thinking cap, and take a day off, and figure the following problem to a correct solution. It must be solved, and the people of the United States must do it The private indebtedness of the peo ple of the United States amounts to more tnan $2-,ooo,oou,ooo. The public debts that is national, state, county, city and corporations amounts to $20,- 000,000,000; total $42,000,000,000. The annual interest on this sum, at seven per cent, is $2,940 000,000. The average cotton crop of the country is 8,000,000 bales; at $25 per bale it is $200,000,000. Tbe value of the corn crop is $65085,- 600. The value of the wheat crop is $415,592,000. Tbe oat crop is valued at $165,259,000. The annual gold produc tion is valued at $33,000,000. The an nual silver production is valued at $75,- 000,000. The total value of the cotton, corn, wheat, oats, silver and gold crops is $1,540,236,600. Now, if every cent of this sum be applied to our annually ac cruing interest debt, it would leave us defaulting in past due interest $irw, 763.400 yearly? Will some expert in nnancenng tell us when and how we are to pay out I Southern Mercury. It's a very good rule in all thing- in life. When judging a friend or brother, Not to look at the question alone on one side But always turn to the other, We are apt to be selfish in all our views, in this jostling neadiong race, And so to be right ere you censure man. Just put yourself in his place. How to Win The Battle. From Printers' Ink. If yon would spike your rival's guns, outdo him in the quality of your advertising. 1895. LETTERS FROII THE PEOPLE. Comments on B Another Circular From Chairman Pon Calling lor Cash From Faithful." "The WILL FIGHT TO A FINISH. A Hew rotltleoJ MaaaftM-tartac Co Aad atlll They Com to The reoaltei KMba A Call to Tbe Tootle U Oat "row AaeaB Them." "farewell rreer." For the Caucasian. J Abbottsbcrg, N. C. Julv 12. Let me say the people of Bladen county are with you in the fight for silver. I wish tbe Caucasian could go to eveiy voter in the land. I have always been a Democrat and you cannot imagine my horror when my eyes were opened and I saw that I was being led by a band of robbers whose desire it is to cheat and steal. Woe unto you Democratic liars! You may fool some one else, but I bid you farewell for ever. P. H. Hobbs. A Talo of Two Nations. For the Caucasian. I Tarboro, N. C, July 9. Harvey's book, "A Tale of Two Nations" is one of the most thrilling and inter esting books that I have read in tome- time. If it were read by every voter in this country there would be no doubt as to the result in the contest in '90. The book is meritorious, and should be in the hands of every re former. Jamem B. Lloto. Com Oat From Among Thorn. For the Caucasian. Elf, N. C, July 13. There never has been a time when the people of this section were thinking more than at present thinking for themselves. It makes ,no kind of difference what position a man occupies or what his standing in life may be, he is not qualified to teach or lead the great common people to the goal of in dustrial f reedom,happiness and pros- perity , wniie mey memseives are bound by tbe shackles of prejudice and their minds beclouded by selfish motives or partisan xeal. So. all that are in favor of good govern ment and one that will do equal and ex act justice to every effort of human in dustry, "come out from among them" that have deceived you, and fed you on wind promises), and quit wasting your time and energy in trying to re form your party. You may labor till doom's day to only meet with sad disappointment, and die hungry; for "who can bring a clean thing ont of an unclean!" Not one. Remember that the "party of per nay ana aisnonor- is Degmning to t 1 . realize tnat its days are numbered, and as a last struggle, will unhesr tatingly resort to any and all kinds v. - -v- j so vwuiu-, uo- AAiva MiH Tin island tha nannla i-n nrAarl to gain control of the affairs of the State and nation. I will undertake r f to say that the People's Party ia truly the party of the people and the only party that is united on the great nnanciat question ox tbe day. The Bible says: A house divided against itself cannot stand." Now all who j: u:j . t ii t u""..1" J' lu r. Leading tbe People Out. For the Caucasian. SAINT JjKWM. 14. U.. July 11. I i 5 , i j -j : L - i r-, I (JUUCHICU 111 UftrUHU BCUOOl. fore I was educated to believe that party saved and blessed all things, and waved my hat and yelled at all things said or done by my party leaders right or wrong: bnt like Paul when on his way to Damascus. I have been struck down at the prevailing condition of the class who work out . . mam tne destiny oi tms country, as re- tne people oi mis nation. To see .1 1 mm - mmm and know the harder they work and the more they make and increase the necessities of life and increase the weaitn oi tms country, the poorer and more destitute and dependent they become, is a matter which de- mands thought. Classes are growing richer every day by laws passed for that purpose by the Democratic and I 'RannHlinnn ne -tia. en1 niulu conditions, loving justice better than 1 injustice, 1 have been thoroughly I .... ... . B 4 pureed of the greatest sin. nolitieallv spea-ing, tnat eaects tne Amencan people today such as sectional party . -. . . . . mm . Riri ih unci nreinaiMi' sna arror r- ing thoroughly cleansed of these sins, I was then, and not before, prepared for the great school of science and economy in tne government. After c"?on,Jr iu avoimeni. uer lessons in this school, I have learned that the true principle of crovernment "Eoual ri-ht. .ii D - 0 only thing that will save this coun try. The party that is destructive of this principle lets its country die. and lets all things die, and all things dying curses tnat party. This is the very cause of this great uprising and rebellion of the American people to day against party in favor of prin ciple. During this great war be tween party and principle, the repre sentatives or attorneys for party sucn as tne suDsioizeo press, Cleve land, Sherman, Wall-street & Co., have charged the Alliance. Butlei and thegreat hosts of reform leaders who represent principle with the crime of confusing' and disruntin- the two old parties. Now, Mr. Editor, I say this charge - w - - j wwj a sap vuaiac is false! Why! Because it was noth- msr more nor less than thsunmM efanda d and ntho lia.. uuviuiiuuiuilll iawa on ua aiarntB iwrinf th n. tion. nut there bv the Wall.tt parties, that caused the disruption. Thv rnh on A nart of th. A .-:.- peopleforthe good of another part; nH thoA nn a mo-;..n i. kIT ' so oppressive and bore so heavily on the great productive and laboring I masses that they rebelled. The a rata teat Pfeonle 'a Ptr mi.i; nrinini ' Tt . ..U. I - rtato th PMnw. P.-t- ... uay iai -aiiance, unuer Co. l A . Al All" W m . m n . montl1" o and special favors to none." is thel1-'" . oFFroaoo. rvoaoiye vwtwsuu. Duex-san, rvau-streetl 7 V , : So. Party & Co., not only become respon- 1 luonun-M on ui paca.1 TNE PUBLIC BE 00. TV Cbkao Ibwv-Ocbbb Waahinrton, 1). CL. June 1?. Many inquiries have been recti v-d here from newspaper proprietor, and others to ascertain what tbe olert of the bond syndicate is in bow mak ing the complete paytaent of rold under its contract. No more aalut- factory explanation is riven than that which was furnished by the bead of the syndicate, J. Pierpoct Morgan, who, when asked, said "The only explanation 1 have to offer ia that it is noi-nl 'a bain wbat the syndicate does." This seems to be the revuwd ad- ministration version of the Vander-1 biltian, "the public be d d." I This, however, u hardly the swer which J. Pierpont Morgan and his associates will be likely to give next winter to the members of the I - r - nisaSihrs) of two AlalMMfMta. committee on ways and means, whoa'Powur Ior let they are certain to conduct an inveti-1 WT t- 118,000 of the tion into the entire bond bnsineea. I J. Pierpont Morgan is a man of I many millions, and enioys the very I pro-table friendship of Preaident Cleveland and bee re tar r Carlisle. I But Mr. Morgan will not be likely to tell Mr.Dahell.Mr. Payne, and Mr, V. Mingley, when they ask him why the contract sent to congress was I . - .a e. e vioiateu or moaiuea, tnat it is no business of those gentlemen or of the people whom they represent. mere are many facts already in tbe possession of the public which have not been clearly grouped. Here are some of them: Secretary Carlisle sold the bonds he issued to the ivndicate at 1104., 49. They amounted to tG2.315.000 t i. ' :. ' 1: " , iw imuc, or, wiui uc premium, u I ,... A A.A 9Tt ' I " "'' I" v I I F u -i Ma. . . a-.... . m B bonds which were instantly sold it fl 141 TLi.... '.-!. I k o. xneae dodos now sen at f This is an aoaiuonai prom oi j,- tt m jb.sk fl 290,437. In all. these bonds sold at a rate which has fortune promoters possible profit of $13,125,081. There has been put on the world's market 4 per cent paper of the richest country in the world at a time when money on call loan was 1 per cent in New Y ork and t of 1 per cent in Ixndon at a shave of 21 per cent Daring this period English consols yielded 21 per cent, and toon to be reduced to 2 per cent, have scored their highest price, or $1.06, and there is no other gold loan credit which has not easily I been floated at par, with a small I commission to bankers. A Chicago 4 per cent gold loan has just been 1 1 1 T - A piaceu in uonaon ai fi.iui. This is one of the results of the syndicate contract which was drawn for Mr. Morsan bv Mr. Ston tbe president's former law partner and Z . - IT. 1 wu . fVi-H Tka .-..- y "1 1 T t-7 6"'"-""" opt its credit and finances to synaicaie at a snave oi zi per ce-- -here was of coarse, no rea son why Secretary Carlisle should I not have sold in February last to Pierpont Morgan's customers bonds lrnmnr fmm 41 io i 9-u I -o6 " w-.-. w,ii mm to have diannaed of all of them to the Morgan-Kothschild syn I dlCate at $1.04 i. One of the mnditinns of this or. t rnr,1in.r ahe-a ...!.. k syn - luicaie snouia onng irom abroad I 3Ot) Crtrt aaa 11 It has V Be pui. aepi. it promiBe. xne amouni i. i :i . - 7t-.L . lmPrtea been onlJ f lo,& ,S72. A FIGHT NEXT YtAR. The Preel-eatlal Coatoet Hot to be a Oa aided Affair. A very curious thing has happened. A big Republican paper has said there is some brains in the Demo cratic ranks. That paper thinks those brains belong to tbe goldbug wing. The St. Louis Olobe-Demo- crat on&ntto be a Democratic paper I if name goes for anything, bat it im't. It is the strongest Republican Lw In th west. if. a-. .L. "V " . dauii or the Democracy I """' -UC"M w,u" a lu P I fAV. n AA vlra ai.n ?0UF or weeki pror that the I rtvi i rt snH wirfna ar - Tk on., mm o I . , . r1 no -7 extlt- socialists linH uitwhiiti will !. 1Ia - ... - .uv r P"CTOr m. The party as -I1.V0,, .t"01 vj uicutio iia policy or name iu can- national or- stampeded for fre? gilTer Undoubtedly free "-y "Te ' f e" m !."ore tnn ha" ft.1 k'.? eonn1t7 I wnoie: out mat element will be . . . . t . suppressing will not have to be re sorted to, for the present indications are that very little fight will be left in the silver zaetion by the time the convention meets The convention may not openly and squarely de nounce free silver, but it will take particular care to pat np a man for President who, if elected, will veto everv silver bill he sreta hia hands on. "In this way and to this extent the Demoeraey's chances are likely to be mnch better in 1896 than they were in 1894, and better than they would be in 1895 if an election were t be held this year. Bat can the Dexaoe raey winf Not if precedents and present indications are worth any thing. No instance can be fouxid m . . . . m history of a party recover- aiicr I such an overthrow as that of Demoe- I lortJ m r ... tha congressional elections " - - -m-oi oo- I T" !;.f I Wlttt WIS, Tel tUO ttepuDllCSn resi- dntial candidate had to squeeze in I on a majority of only on electoral 7 . m 10 '' . PBbiiean defeat lm w-.f""fonai canvass or xoaa I a"" -"wi owjunij ;. I seveniy-ionr ia tne noose, wnieh I oniy a uuie over nan tnai earned !;. -, ;, 1MI 1 a ue oepuDucaB panr in out . O W B mm e - mm. a. k mm, s rmm n oo " 7 " 7 t. r aa w b ls Baaa auuta iTmintiiirw iu r-Bta I m0 lessened. The I Bepublieanswill earry the country, I bat they will gain no 1872 victor-.w NO. 37. ISOIIEFACTS ABOUT BAIIKS. ACurictti Operation cfMLawHb xarer of II one j Ccnocra Again. Indiridnale. IS Y0UB H0SEY IK A BAM? ,Tb!irrt N-Uo-J Kank of Ocala, f r- Aew, prendeot. failed for fJ.WU- I nder the --i1 bjid- Uw tbe banks are ocly M an-PU4 w vrnmion tor twice amo.a?1 r cmpul stock- Thai s.. s. m -b- a . V cmpaajiawi at 123,000, V Mldrrs are only liable to Lb mo?7 belonging to the depositor.. im' " uepoaitors wrote to cuu.piro.ier ox ine currency for 77? ,B w.u ueir ""Wy rrpueu; id tDiarr jwi are rropwtf-llt la- lurmro iioki ior obtloua rraauBs tbe r-rHirvoi national ban- etanlbora t tbt ourrau are pritilrg bb4 oot8 dentiat cotuoiuniratiu-s.and aro mh- no rirramstan-ea fwrmitu tn bo na4e public. eten to bo uar4 loteallatoay la a rouu vi taw. i in moroiort . i . . ii. . -ii mm i" u ru ue your rwa um far a ropy or ib report of Mr. MeltoaaU. uuv ii tumj nu oe improper to iBfurai you that tbe affair of tL back aro i u b an UDtaUsfartorv roDditlea aa tm preclude tbe tMMelbihtf of its rohahtll. laiion, wmrn teems to bare tontb hope and tbe terUtion of boom of la. . . . - " nmaer WJ i3stio l""wBtn agency o! I la oOcnaa4 dirtvLura.- The Msidin(nrik..L V UP i-flmmMju .i.. T. I o I-"--- Mir IUTTM U Ucala like an -boneet man, and ltte bow to and ho0r a b ' mmmmmmm iiow w of them have been bankrupted bv Lf u.t sUDdll- ?e lhi- of one ox them: 'Ocat-a. Flb. June Xl. I'aLr.ck Henry was found in a well Dear bre yesterday drad. Henry ran bcre from New York aeveral year ago and baa relatives living at Mountain Ulll in that Mat. He Lad robaid-rabla money In iDfw'i bank which fallod recently, and It la euppuad I bo loss of bis money drove tiim lo suicide. HaTe you money deposited in ont of these banks, if ao yon had better look into the law and ibe condition ot the bank. I If you have your monev deposited I in a State bank, tbe following from I 1 . w laiicnigan win in ureal you: "LaKaiwo, Mic June Jl-Kec-lter Btone, of tbe defunct Central Michigan -'- . to-day commenced suit against X. F. Jenlaon, a buaineas nian of this city, to recover a commer cial deposit of lioo, which was with drawn by tbe defendant during a raa on tbe bank which caused iu failnra. It ia charged that tbe defendant with drew tbe deposit knowinr lb bank to be insolvent, and tbe effort to recover ia baaed on tbe reneral bank ing law, which contemplate, that one depositor of a bank shall have no ad vantage o? er another." The Chicago Kxpreas, commenting on this sayc -Now it ao happened that Mr. Jetti son loat faith In the bank and drew out 1 his money, just what any man Is sup- 1 posed to bate a right to do when be I deposits money in a bank. i . uruin now. However, uiai too Intention la to s that every man who has money in a bank become responai- ble for all tbe debt contracted oulaide and the incidental expenaee ao far as bis money goea In that direction. "Trie depositing of money carrlaa with it a responsibility to tbe extant of the full amount deposited. "Heretofore it has been considered aafe whenever it was once drawn oat. but it now transpire that ft la sever aafe after bavins: once been lo tbe bank. -This make it the duty of every patron of the bank to leave Lis money on deposit on unlimited time or raa tbe risk of being aued for ft after ft fs I taken out. I "How long will It be antil they are enJfr .f 11 . rco . wo?tJ JS . . I 00 BMW NC WUOTTUWCUU M W IkUlHMV ing irom circulation by carrying ft ; around or biding it In tbe cellar "There is tbe same reaeoo ID one case as In tbe other, with this differ ence a to availability; It Is not poai- tively known Just bow mucb money Is bid, wbiie tbe bank books are in evi dence to show bow macb was on de posit. "The men wbo pat tbeir money la banks shortly find that if not robbed they easy victim of tbe lawyers, - PP" to ha've a beeooM few dollars. better look out." Hot I 8L Looia BepnbUc Apropos of Lee, of Virginia, a story bicb General KiUburb Lee told ea himself several years ago fs a good illustration of tbe love tbe Con federate soldiers bore General Robert K. Lea. As is well known. General FiUbufh Lee was at tbe bead of tbe cavalry, wbo were much envied by tbe infantry mea, wbohad to walk through tbe mad and dust. After General Robert E. Lee surrendered. General Fitxharb rode away from Appomattox. While riding tbroagb a lane be met aa old North Carolinia soldier. -Ho. there !" cried Gen. Lee. "Where are you going?" I've been on on a lurioagn, and am uvw sa vra ua aBe,a wr ivih replied tbe old soldier. now going back to loin Gen. Bob. Leo," "You needn't go back, bat can throw your gun away and return borne, for Lee's surrendered." "Lee's surrendered?" "That's what I said," replied Gen. Lee. "It most have been that d a Fits Lee, then," be pried. "Bob Leo would never surrender," and tbe soldier pot I on a look of contempt and walked on.' gi jn tne wmy Arena one oitaeieararee is I to attract attention is tbe bv I on -rne Age oi consent.- to wues it I wt. --- cytnm w. W I . B II a.Al M I .w al i m as ii srwnL nunurs & I those wboloDnoae anr cbamre ia s -w tbe 1 P-nt lawi,-r.-ir.i- tnei a., aaate and based .noa tbvsfoloioal as weu as sociological reoalfwasest are I the Hon. C. H. Boblnsoa of Iowa aad I tbe Hon. J C Tomnkuui of Kantnekr. otto Wotefc tm Tirana,. T4w NOMCtlMrNaTWrwrMf r.sir Vumk Oeo- Thooa a Lttata.
The Caucasian (Clinton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 18, 1895, edition 1
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