North Carolina Newspapers

1896V MEGmEKTBTJRG NO SCARCITY OF SMALL NOTES. An Ample Supply on Hand to Meet Any Demand. jAe Tivtisnry is well etuipp u this sivuin v for the usual len;und for sm-.il t.tes to move the crops. There s ;m ample supply of well sea?o"' I iiotes packed away in the reer.-. vaults, awaiting orders from the tub -treasuries The supply of 5 notes is somewhat laiet than that of ones and twos, but the sup ply of the latter is believt-d to be suilic; nt. There has not been much ivouKe in ihis respect since the ex t. ns: n of the Bureau of Engraving nd iV:u::ng several years ago. Lit tle re.' sure was put upon the sup ply in 181)4 or 18(5, because of the dullness in t he money market and the Hoeumj'ation of surplus funds in Xi w York. There is still a con side: able siirnlus in Xew York, but it it b morv yea:.- ed bv tht C'M'.! ;tiv i vhivi' ir- ( rate p'X'Vad ' Th-g- Slid wi' .c ( r rar ieveii that the demand for 1 1 i V. tu-v Will Utf soL'iewuai. rivs year than for the two TELLER'S QOOD-BY. uri Be Tells th Resolutions Commltt" the Safety of tb World Depends on Silver. Senator Teller's speech before the Committee on Resolutions was not an agreement. He simply told baw painful it was to him to leave the Republican party, but that his duty and his principles forced him to quit.. His speech in full was as follows: Mr. Chairman and Gentlemen of this Committee: I have given this subject which we are here discuss ing the most careful attention that any man could give it. I have giv en it great study and thought for many years, throughout a life of public service, which I think ena bles me to judge rightly and cor rectly, and therefore, I have formed my convictions. They are of such a character, that to me they are al most like gospel truth. Xow, I admit that I may be wrong in the position that I deiend here to-day. .But having convinced my own judgment, I have convinced myself. I have tred to impress my self with the fact that this is the greatest question that has been pre sented to the Am- ricau people m a The express rate rha-ror 1' nited '20 cenJ.s SH" " '.". . ! st :, d jnt, not because I represent wo yeus . sjan that nroduces silver, having f h-j nft-r-Ji lanKS ' . . - .4 " 1L..U VX A L w v w -- j;:izens, however, a: hutulred vears. 1 1 haxe convinced tllL i my judgment not from a politician hr;U.t feejinag tl0Ug to mv irrave. and ro o h tain curreucv fiee v have rold to ofiVr i o i. in -xcii ! ii oecreuiijr vaiiuic isss: a circular last Nuvemler, whir" will be continued in fo:cs offerin; tas nd paper currency to any pjint di-sfgnated by the depositor ofg!dt a sub treasury, the g; v ernn -t Ms-'iming the express char ges on the currency and on the gold. Thi !i etlui-i was employed at times bvlSee.-r iry Foster, when the gold rest v. is declining in 1892, and result i ; j considerable receipts of gold uuring the summer and au tnnwi. The receipts from such sou re -shave not been 1 rge of late, but have contributed in some de gree to strengthen the reserve. Th-e tofal redemption of legal ten der notes in gold from May 1 to June 15 were26,4?7,627, while the dtclineinthe gold reserve during the same per.od was only about $21, 1 t),U0, indicating gains of gold fr m various sources to the amount of ibout s5.!)Q0,0(0 duriug the six weeks cowr d. It is piobable that the gains or irold will be much lar- ihe summer, as the de- s:nall notes increases. Oi.e of tl e means of reducing the pressure upon the gold reserve is the redemption of Sherman notes in standard silver dollars. The pro cess of retiiing these notes when thus edf-euied was not inaugurated until IS 0-3. when Secretary Carlisle diecovfiel :hat the margin of free silver, no covered by outstanding free iiv"- certificates, was too small to p vm: fcher-u-.i. nse- nn: ger di uiand fc; he continued exchange of !iOces tor silver coin under act. The redemption and L- of Sherman notes duringr near v three years has reached about $25,o')o.o0i and the amount out standing .$150jmh,ooo, the amount originally issued v d- r the law, to $130,403," 280 at the cose of business yester day. The amount thus retired and redee rued during the first two years of the process Was $12,2(34,722, of which about $4,000,000 was redeem ed in the ar ending September 30, 1894. and the remainder during the .following yr. Thev have already been more "than $13,000,000 during the -:st ten months, and several mill) n? wiil undoubtedly be added during the summer and autumn. i no more personal nice res r in me Lproduction of silver than I would have m China or Japan I have convinced mvself that the safety of the world rests upon the cor: e ;t solution of this great ques tion. If I had only my own judg ment to depend upon 1 would be afraid to stand here and make suchk a statement to tlb intelligent audi ence. But 1 have back of me, and agreeing with me and advocating bimetallism as against the gold standard, the intelligence of the world. Every political economist in America with the exception of very few, are unanimous in advocat ing bimetallism. There is not a professor of economy iu any of the great European institutions of learning who does not boldly declare for bimetallism and condemn that which you hitve put in your plat form, and which you say to-day you mean to make the cardinal feature of the faith of the Republican par ty. The greatest teacher of New England, a man who commands more respect than any teacher in this country or in Europe, Xhe only American whose text books have be come the text books of the Europe an colleges, has declared that the question of bimetallism is the most important question of civilization. Believing this as I do, I feel that it is noi a mere question ui me pros perity of to-day or to-morrow tnat depends upon it, but that it is the question of the civilization, a ques tion of morality, a question of reli gious a question of the life of the nations. I ii ive come to this conclusion, af ter many years of public service and study devoted in this direction. Could I look any man in the face and tell him what I am telling vou is been reduced from over 1Jcl'e'.alia tDeu &ire n,v vt to a candidate who stands on a platform which advocates the reverse of mv faith!" Would you expect me to do this? V ould you. net despise me, and would I not despise myself? If I am wrong, and, of course, I may be, the truth will be known some day. If I am right you are enter ing upon a series of "movements that will some day bring to this country great disaster and great ilitress. If a partial acceptance of th:s financial faith has brought this country to the conditions it is iu now, what shall be its condition, when you have crystalized into law the pro fession that you have expressed here, which you call standard mon ey, and the only money of the land? I do not intend to debate this 0'iestion. I am speaking: now in d tense of my conduct, when I shall Was!; ngton Post 1 he Onslow Democracy. TL- Democratic convention ' of Onslow county met at Jackson ville on Wednesday and elected delates to th'- State conv nion, and trans- a name, a party that was condemned and despised. But, Mr. Chairman, I did not break with the associations of more than forty years to do it. I was a young man full of enthusiasm and full of hope. My life was before me now it is behind me. I have been connected with the Eepublican par ty since its very beginning. As I said, it had no name then, and I he red to e-ive it a name I have shared in its triumphs, and I have shared in its few defeats. I took part in its first c .mpaign, and in every campaign that it has ever made, either in the States of the East or the Rocky Mountains was the first man in the liocky Mountains who stood for the Repub lican doctrine of protection, and I stood for it in every campaign. I stand for it still. I . believe in i now, but I do not believe that you can hae protection and a gold stan dard The gold standard means low wages. That is verified by its action in every country of the world where it has been tried I shall break from the party of my youth and the party of my choice and the party of mv service and the party J that has civen me honors as few j men have been given h tors, with a i I was going as though I was burv'ii mv best friend. Bm the conviction that it is not a duty to my people alone, but a duty which I owe to you and to the who'e world, compels me to say here what I will say to the convention, as mv auswer to the result of your deiibeia ions From it I will have to gf away, having performed what is to me one of the most disagreea ble and unsatisfactory actions of my whole life. And yet, Mr. Chair man, I would despise myself, be lieving in the supreme importance of this question, if I failed to make any sacrifice that I ought to make; if I failed because of the tanhts that will come to me when I shall have deserted the party. But I must do my duty as my judgment tells lqe to do it .i Mr. Chairman, I am going out; I am going to fight for the principle, and I have the belief in my heart tl,at some day this great party, that has done so much for the humen race and of whose future so much was hoped and expected, will come to a right view upon this question, and that we shall not take our de claration from Wall street or from Lombard street, but from the hou st sentiment of the great heart of the American people, aud if you will consult that heart- and "let Wall street alone you will abandon that platform that declares for the gold standard. I beg the pardon of this commit tee for haviDg detained you so long. I did not intend to detain you ex cept with the simple statement of my earnest belief in the principles ot which I have just spoken. MA J. OUTHB1K-TAI.KS. Be Sy There will be Three Separate ... ,k lld-l ilon Vo Longer Th..,btof by tb. l - U.t.atd Repub- llcaiii-If the Democrat Nominate Tell- - 111 K-nHli .6 Him. er, tne roym " TVf.i ttnfchrie has been ac'ed other business, Re-olutions favoring the free coin- declare publicly, as I shall do, that age of silver at the ratio of 16 to 1 ' i'1 this 1 cannoc act with the Repub- ! 1 1.1 l 11 , t iopieu, ana me ronowing also utes a section of the resolu- w-re cons t'OUK V . endorse Hon. Walter Clark as be :.g our choice for the nomina tion for Vice President of the Uni ted States. Julian Carr for Govern or, M. C. S. Noble for State Super intendent of Public Instruction; E. T. Boy kin and A. C. Avery, as Asso ciate Justices of the Supreme court, and our fellow citizen, Hon. T. E. Oilman, for Congress of the Third district, and Charles R. Thomas, as Elector for the Third district." For State Treasnrcr. the names suggested for the nom ination of State Treasurer by the State convention next week are: Messrs. S. A. Ashe and N. B. Bronghton, of Wake; Mark L. Reed, of Buncombe; S. McU. Tate, of Burke; B. F. Aycock, of Wayne; W. C. Dowd, of Mecklenburg; Ashley Home, of Johnston; M J. Hawkins, of Warren; A. S. Rascoe, of Bertie, Thomas W. Mason, of Northampton. All of these gentlemen are not can didates, but their friends have named vthem in connection with the nomina tion, News & Observer. iican parry. It is no small thing for a man to break up his political asso ciations. No man is justified in doing this except upon great princi ples. No man would be justified, in my judgment, to object to the per sonnel of a candidate, but when you adopt a principle and ask me to sus tain it, and to make it one of the features of a great political organi zation that I believe to be destruc tive to the interests of the whole country, then I must be explicit in my language. Mr. President, I have been in this party since its organization. I doubt whether to day in this body, or whether in this convention, there is a single man who has served more years in it than I have, and I denv that there is any man who has serv ed it with more devotion and more enthusiasm than I. When the Dem ocratic party, to which I belonged, and to which my family had belong ed, became the party of oppression and the advocate of a system of servitude that was dt structive, not only to the black man, but to the white man as well, I walked out of that party and into the new party a party that then did not even have Steel Kali for the A. T. Jt O. . The Troutman's correspondent of the Statesville Landmark says: The firt official news of finishing the laving of the A. T. & O. railroad with heavy steel raiis was received here today by Mr J L. King, sec tion master at this place. He re ceived orders to increase his force to six hands aud to be ready -to begin laying the heavy rails, beginning at the 3-i mile post, where they stop-, ped off in the spring, going toward Statesville. So it will be but a short time till the A T. O. will be as good as the main line A Populist Oppose Co-operation. Mr. D. C. Downing, of Buckhorn, writing to the Progressive Farmer, says: "Ye are under no obligations to furnish s'ft places for political plunderers of any political party. The Republicans of North Carolina have endorsed McKinley, a n amraoth goldbug, for the Presidency, aud when we, as Populists, co-operate with North Carolina Republicans we are indirectly endorsing the gold bug policy of the Republican party. Yes, directly endorsing it." The Bond Investigation a Farce. NewYorKjJ une 20. The labors of the Senators who came here to delve into the bond sale, will probably be completed today. The examination has been a failure so far as eliciting any information from Morgan and Belmont is concerned. Bankers suavely told nothing not already known. William Graves, who was to produce some witnesses for the examination this morning, failed to do so, and instead offered a statement which the committee rejected. heard from. Yesterday's Washington Post Ravs: Hon. William A. Outhrie, of Durham, N. C, a recognized Popu list leader and a lawyer of high standing, was seen at the Metropoli tan last evening. It is thought that he will nominated for- Governor when his party assembles to name a State ticket, which will not be until the meeting of the National Popu list Convention at St. louis. mr. Outhrie served in the Confederate Army, but was a stanch Republican until two years ago, when he joined the ranks of the new party that has become such an important factor in the politics of the old North State. In discussing the situation with a Post man Mr. Guthrie said: 'The Populist and Republican parties in North Carolina have drift ed so far apart that fusion is no longer thought of by either. It would have been impracticable, any way, on the Presidential ticket, but now there will be no combination to elect State officers, as there was in 1894. There may be a local combi nation affecting only county officers, but this will scarcely be general. In 1894 the fusion movement was car ried to success because two great re forms were to be obtained by it the reform of the election laws and the repeal of a provision of th Consti- tu.iun which gave the .Legislature ti e riirht to appoint magistrates, vh , iu turn, selected County Com missioners, the most important of all local officials. Both purposes were carried out; frauds on the ballot are a thing of the past, and the right of the people to choose their own offi cers will never be taken away "There is now no longer any such ground for combining against the party that had stood for perpetuat iug these abuses, for the abuses have bt en corrected, and so there will be three separate tickets in the field. The Populist Party in North Caro lina stai.ds solidly for silver; no man could be a Populist who was not in favor of free coinage. I know that a tremendous majority of our people are believers in this poli cy, no matter to what party they be long, and on this fact I base my belief that the Populists will carry the State in November." What figure will the Populists cut in the national election?" "I can't answer that until after all the national conventions have been held. If the silver Republi cans at t. Louis this week bolt and nominate Senator Teller, and if the Democrats at Chicago uru wise enough to come out for silver and indorse Teller, then it is almost a certainty that the National Populist Convention will likewise recommend hi m as a fit Presidential candidate. Of course the silver convention, which meets on the same day and in the same place, St. Louis, will fol low suit. If all this happens Mr. Teller is as certain to go in the White House on March 4 next as Grover Cleveland is to make his exit." 'Tenting on the Old Camp y 29th this month it will D6 Tramp! Tramp! Tramp! the. Boys are to the cityon Seven Hills in old Virginia ence v etof battles of 18G1 to 1865. Many the scenes rehear ' r -iota LI full for utterance as the noble and brave scnof nice I uuvv luvnc aixu iui iug jaoi tunc iu 1UOK face. Great country this, 1 he Dove of Peacs hov lCa otU -Grand cause for which you gave up home and loved eve. Meed Not be Cnea-y. President Cleveland has written a letter in which he sayt: "I refuse to believe, taat, when the time arrives for deliberate ac tion, there will be engrafted upon our Democratic creed a demand for the free, unlimited and independent coinage of silver." And he' adds that he "desires hereafter no greater political privi lege than to occupy the place of private in its ranks." Any President who was nominated on the platform demanding "the use of both gold and silvef as stan dard money," and did no more, to carry out that plank than has Pres ident Cleveland, may be sure of be ing only a private hereafter. Ashe ville Citizen. - Tired tor Year?. Mr. John R. Tarver. Dalton. Ga m-c. iius is 10 cerury that I 'June oth, '9.1. have used Royal Germetuer iu my fami ly tor the last live years for various complaints, viz: Indigestion, boweJ troubles and general debility, and find it all that it claims to be. In fact, I would not be without it in my house." If you would know the value of thi great remedy in the family, send to the Atlanta Chemical Co., Atlanta, Ga foj 48 page book, free. New package, large' bottles, 108 doses $1. ' s Deserting Populism. The Populists in Arkansas are falling into the free silver Democratic ranks so rapidly and numerously the indications are that when the time comes for the Populist State Conven tion there will not be enough of them left to organize a meeting, Wil mington Star. Her 60th Yt ar. London, June 20.The Queen today entered upon the GOth year of her reign. If she lives over ninety days longer she will have reigned longer than auy previous British soverign. i . Purify your blood with Hood's Sar sapari la, which will give vou an arme- iiie, lujju your your nerves. stomach and strengthen Mothers will find Chamberlain's Cough Eemedy especially valuable for croup and . whooping cough. It will give prompt relief and is safe aud pleasant. We have sold it for several years and it has never failed to give the most perfect satisfaction. G. W. Richards, Duquesne, Pa. Sold by S. L. Alexander & Co. t! me lo ble principles you stood up lor ana more sacred thatJ the Covenant was to Israel."' Your empt p 7 . n .A a A u A l fc v. yi a r V . . - I I r . J I I 1 LI I r . am If If w rB 1-1 V V I 1.1 I I I I I f 1111 ,' - w v n . . : 1 .1. ' your ngiu; in language uwl eauu a greatest poets tremj We bespeak a glorious reunion and a happy All honor to the Lrave boys of the South. t u . i k c 13 . 1 1 , I) . v carui lias auyiring yuu uuui necu uu vuui l rip ai v,- return, tea your nome ioiks wnere you traae ana that tb at. J -Mm continuous march ot trading masses to our stores. I t"s tfcl nliPA . 1 r - rl -v t-a hoc rrf rrit . t rrirt T7riii ninr,, ,rrr J f l l A- A . i- I Am L money, vaylv ucttcr care 01 yuu auu uede yuu ucteer air than any house in the country. Forward! 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'For ImDOtenev. TiORB of Power, Lost Manhood. Sterility or Barrenness. a Dox; six for $ 5, with1 written guarantee tittnet"' Vure ln M aays- At 6 tore rwnuor bymail. DR. S. L. ALEXANDER & CO., Drnggists and Sole Agents. LE BRUM'S Jf,R tiTHER SEX. !! fciumi OThia remedy being in- jected directly to the seat of those diseases of the Geni to-Urinary Organs, requires no change, of diet. "Cure guaranteed in 1 to 3 aays. mall plain pack- C U R.E Sotd oLylT' 81,00 DR. 8. l. ALEXANDER & CO., Druggists and Sole Agents. FARMERS Bring us Your I our Tannery is now rea for Them. iff in If you need an thi line come and see us. Harness, Co lars, Saddles, Bicycles Tn fnrf orArfVintT in OUT 11 will he- fnnnH in nnr neV ho&I -ttv M. M.M A i-1 V - - - on Fourth Street. SHAW-HOWELL HAR-VES CO. i DR. 8 DO YOU KNCr DR. FELIX g.E BRUM'S Steell Pennyroyal Pills FKENiVl?11,1 8nd only by mail. fiiA."',1-?0? sent -vuuiuo euiaonlybj L. 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