VOLUME II. NUMBER 1.
RALEIGH, NORTH CABOLINA, FRIDAY, AUGUST 4, 1893.
PRICE $1.00 A YEA It
4
I I
Table of Contents.
NEW VOLUME.
IT IS COftriDEXCE AS WELL AS
MONET THAT IS NEEDED.
.V
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w iHt Letts.
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V T THE Fl.
i x.ntriT tWac rua Tunitu.
.V t,...u E 0 Jl'ta.t SHirP.
..u' Fai NTE.
rki4 Pe:
; . Sorts.
fMhiiL Lrrtcr or Lias.
r- Cr Sirrtaisu rao Dbocoht.
arth Pace:
i. ullli AD WaeE.
. ra Tut Wulo Fata.
rH or UsuftaiK IIaTWuuo Snow.
r llAtXST A lATTU! CHILI.
, l iMl AND Sa.tL.
.-tlL WoU Fai Toe.
Vt R.raV To MlVTtiX '
w u Road Made New.
fAPtTAL CMCKlU KtSoLtTto. "
,uu sti'Ui Pnxotenm.
w Maraet Rxrorra.
i AptEKTtEXEVTS.
THE SHERMAN SILVER ACT WILL
BE RFPEALED BY THE
EXTRA SESSION.
FROM WASHINGTON
ins iiu v.iiouiiii.i mis wee i
enters upon a new volums. Iu first I 10 recording bank I Allures In times
Tear baa witnessed the overthrow of the I like the presot, many public journal
HrputJkan party in every branch of tb I I" only half the troth to their readers
National government and here in North I or. make ill-advised statements, and thus
Carolina this paper did its share in I 'eDd themselrea as panic makers. Nine
briuging about that desirable end. I tenths of the hundred or so banks which
This has been a year of great financial I hate failed since the first of January
pressure and . hare felt its effect in I hare been pronounced by the comptroller
I - I . an
common witn ail others. However the I entirety solvent ana nave ample resources
circulation of the paper has steadily in-1 "ith which to meet all their liabilities.
creased, and with the return of better! But there is no bank in existence, nat-
timea we expect it to hare the largest I ioual or individual, which could meet all
circulation of any newspaper published t obligations if suddenly demanded. It
at the capital. It already has the lar- is only public faith in their solvency and
get circulation of any secular weekly honesty that protects any of them,
newspaper. The old patrons who loved The presidents of the savings institu-
the Farmer and Mechanic and the I "ona in New York and Brooklyn held a
silver legislation. Its repeal is essential
to clear the way for good financial legis
lation. The originators of the Sherman
act were not in favor of free coinage.
They pulled the wool over the eyes of free
coinage Republicans, held a caucus, and
. , , rushed the act through Congress over the
Tne qptlook for the Free Coinage t . . . , 4. 6 A . .
SUver-Stroac Opposition to tke Re- Protest of a11 the Democrats without
peal f the Tax oa State Banks Mr. Pg an opportunity for debate.
Cleveland Determined oa Tariff Re-1 What good has the law done? Have
ferns Tae Suspension of Pensioners. I not the prices of agricultural products
steadily gone down under such addition
whieh to do the business of the country,
and low taxes. These things the Demo
cratic party has solemnly promised and
I believe its promises will be sacredly
kept.
I can see no inconsistency in an advo
cate of free coinage voting to repeal the
Editorial Correspondence.
Corner 13th and K Sts., N. W.,
Washington, D. C. Aug. 1, '83.
Congress convenes August 7th. There
to the volume of currency ? Has not
money gone out of the country, and has
not financial stagnation and ruin come j
upon us f Though we have had an ap
is not a village or home in the United I parent increase of the circulation under I waa predicted and the statute now stands
8tates in which the eves of the inhabi- the Sherman act. thre i not a mAn in I without a friend to defend it per e. All
to give you any reason why he desires
repeal beyond the fact that the President
has said it would be wise. 'I am willing
to trust the President,' he will say.
"For myself I can say that Mr. Cleve
land has not; done anything yet that I do
not approve, and I will support the ad
ministration so far as lies in my power.
I think that the sentiment of the South
Sherman act. Speaker Crisp truly says finance A !yr ag the people were
that when it was passed the predictions strongly in favor of silver, but they are
as to its effect upon the business of the weaaea to it no longer.
Vlint.rv ursvrsa AmirtAiia o nrl iicriAnVTATimff
rvBNrj ttxav vuuuvua cnaa vuauvwt waaau 1 y
A 1I It . 1 . 1 I
tuw3 WUWe ousiii was cioatwjr aimost univereal approval. The people
identified with the finances of the coun- believe that Mr. Cleveland is right. No
try. The practical operations of the law man, in the present generation, has en
have been even more disastrous than j0?1 80 thoroughly the confidence of the
masses. 11 is possioie oarety dossidi
that, with an international agreement.
silver might be maintained upon a parity
ANOTHER LETTER
FROM SENATOR VANCE ON THE
CHICAGO PLATFORM AND
THE SILVER 4JIJFJ4TION.
"I know that iujmy own district when
acknowledged my belief it met with
He Thinks the Editor of the I hnrlotte
Observer Misrepresented Him Says
that in Opposing the I nronditionnl
Repeal ol the Khermnn Law He is
Standing Squareiy on the Chicago
Platlorss.
CftarUttte uLnervct.
GOMBK(K)N,
Pi CAR HLAt K
MBK(K)N, )
Mountain, N. C,
July 27, 1893. )
tants are not turned toward Washington. I America who does not know that there Democrats opposed its passage, and it with gold. Without such an agreement
J. P. Caldwell, Eu.
Drar air: 1 take no except ion to your
ooniment on my receut letter to tlio Meek-
a . .... ... . I isAiirtiiri 1 vuinrv m mnAu ius.Bki r s
which the Noeth I meeting on Friday last and decided to J1"5 not merchant, a farmer, or a is less money in circulation to-day among j was rushed through under whip and spur g1 rntorealue th J rap- l.hat ? u authoritatively designate uie aS
they will help us to extend its circulation,
they will be aiding Id the strengthening
of aa Independent Democratic weekly
aiaenng irom my mrty, aud miKrepre-
seni my worns wuntne letter oelore you.
Carolinian is only a continuation) are require that a notice of thirty or sixty banker who 18 not dwP interested in the people than when the Sherman act by Reed over the protest of so strong an idly
. . . . . . j a 9 . a n x a . i usn bc'liuu ui Liitr imhiv i iihi. iihj ikwii i nrsrTiH 1 rw it. nius rhncsn nvii nniv 1 v wmw ui licc uuluocd oa jmlx. AJiauA- ,
auyingto tne support ox toe paper. U oays must oe given oy aeposiior. wno ' "r 7 " . " '7-1 An u lxur m r. The charge that a Democrat is at vari-
desire to withdraw their money from lu p u, .uur.uy. - " " 7s .. " ' a?v bntfam for wTnin? out the Sher-
tho institution, before the same shall cns- Three J .go when the pie who have been benefitted by it xe degradatm of silver from a-money -g. "KJ?aS2nffi's. S 5w the uneondiUoK reieal of the Sherman
become payable. This action means noth- frmer and the small merchants cried the owners of sUver mines. They are metal to a commodity, and a miserable matter afterward. I do not think tliat in I 'AW depends for its truth on whst the
i ti..--- paaicky times its a wLseMock
L ' n.. t. uU tNr.
t rtt lull and unlimited coioage of
..r t- tasted by the Sooth as a
itr t"t luereajuntt the money in cir
. "ii. What we want is more good
. . . . AnI e are not committed to
. . jart.vuUr kind so it is good. fTee
..- 1 not a f-tinb. If the volume
' ! m. ran up increael in some
r e mil br satisfied.
H : f ( the W.rlds Fair ended with
. uiotitii of July. The oSk-ial say
. rv atin itb even thing except
' ;ruUai.-. For v nous reaAoo the
'.UtM.t' lia U o tuuih smaller than
l. . irl aixl unlra there U a won
ii ia.r in the nuoiU-r of visitors
tt,- iwl threw months the show
i ' irn!A to ay its debts.
newspaper that will always be found
battling for the rights of the people.
These are crucial days through which
we are passing, and every man ought to
take a prorresive newspaper that is
"racy of the soil" and true to the best
interests of North Carolinians. Hap
pily for us, we have many such papers in
North Carolina, and there is no reason
why all of them should not be well sup
ported. We hope to make the North
Carolinian more interesting the coming
year than ever. Our Washington letter
will keep our readers posted upon the
public questions that are considered by
our law-makers, and upon current topics
at the capital. These letters will keep
up with the action of North Carolina's
representatives in Washington.
Xi Hint..o thick there are
f . :i mj iwwj(r in North Carolina,
fVk! if tlwre ere frer of them the
r1,. r- tt.ittd hate a chance to grow and
It rWr tht Ashe coo My
..rtturrti ttl a nepprr; the one in
V tvfirlJ chanty ha Ju.t died. The jear
rjf K-ei a Defper funeral at
fuvi! n! another at Asheville.
mu m certainly oov no mistaking
t-.f Mitua f tne New York 9m on the
'ti'ftiua Ut. It raLs of it and its
;trtrr fuitoaing pleasant
"Xht iUnpr predicted hare come,
A t 'r.rv! ta tren suntuoned to deal
mih thi-tu. The reil of the cowardly
okrhift m an uMrs'oQ of honor to I
nrry Wrv. rt r out ur and every
I ) rat i ir rvw ntAtite in Congresa
h.. m u. uillint to hIp hw party to K.ltw-t monev and reatored Dublic crediL
. I. . . I I
nwn t. n iur. a soaueieaa
THK FIRST DITV OF CONGRESS.
Congress will meet in extraordinary
seamion next Monday. The responsibility
of affirmative legislation will, for the
first time in over thirty years, rest upon
the Ifemorratic party. This opens to
it the opportunity of gaining the con
fidence and gratitude of the people, and
thus 'entrenching itself in power for
a long time.
With the opportunity comes great
responsibility. Should the session be
frittered away in filibustering and dis
pute, or some temporizing measure be
aduptrd. or another "miserable make
shift be foisted upon the people, the par
ty would forfeit public respect forever.
There are various measures to which
the party is pledged and which it must
adopt. But first of all it must find a
permanent, just and booeat solution to
the financial problem which is now
threatening to destroy the business in
terests of the country entirely.
The demand is imperious for immedi
ate legislation on this question. Until
..Si
we nave noneat money, a souna ana
safe financial policy, there can be no hope
of substantial prosperity to either capital
or labor.
The first great need of the country is
irg more than that the savings institu
tions had lent out the money in question
for thirty or sixty days and could not
pay their depositors until it had been returned.
In times of panic and money strin
gency, like the present, the very best se
curities cannot be converted into cash
and banks are forced to close their doors
to protect their assets and their credi
tors. Already many of these banks hare
resumed business and it is safe to say
that many more will resume on an en
tirely solvent basis. Those that have
really failed and will not resume busi
ness at all, such as the bank of New
Hanover, would sooner or later have been
forced to close their doors under any or
dinary conditions of business or values.
Lack of confidence has caused these
panics, but Lack of money caused the
lack of confidence. And without an in
crease in the supply of the circulating
medium prosperity and confidence can
not be restored.
out for better financial laws, the money I clamoring from selfish motives. I makeshift for honest silver legislation.
centres made light of the demand which I The North Carolina Democrats are in I Toe "Western Republicans, who "had silver
came up from bad .conditions and hard I favor of free coinage because they want I fr sale, sold out the principle underly-
times. The farmers and laborers felt the I an enlargement of the circulating medi-1 "& free coinage advocacy, which is op-
present panic months before its approach lum. They utterly repudiate the Sher-1 Pt'on to contraction. If they had
on Wall street and sounded the alarm. I man act because it is a spurious pretense 1 8tuck to the Eastern free coinage men
These men did not sound the alarm be-1 at jrivinsr us more money. It does se-1 aQd defeated the Sherman act, better
cause they were wiser than the bankers cure the printing of money, but every-1 legislation would have been secured. But
and the great business men, but because I body knows as a practical fact that it has all they wanted was to sell their silver,
being the bottom rail (which bears up all I not added to the money in circulation, and they "sold out" honest advocates of
others) they felt the approaches of the I Since its passage money has been harder I ""ee coinage. Now that they are pun-;
storm that has now broken in f ory upon I to get, the rate of interest higher, and I ished they cry out to the South for help.
the whole country. I general depression greater. This has not Its reply will be: "We are as much op-
Before he was uominated, Mr. Cleve-1 been due to the Sherman act alone, but I posed to contraction as ever. We favor
1
land, in answer to a speech of McKinley j that act has, next to the McKinley act, I bi-metalism. But we will not stultify
that people who wanted "cheap" eoods I done more to brine about the present ourselves by voting to continue a lawi
were anxious to get inferior goods be-1 panic than any other one thing. I which we protested against and voted
cause "cheap" and "nasty" are svnonv-l It oueht to be repealed instanter. It against. We will vote to repeal this
mous terms, pointed out what others had I cannot be done too soon. Its repeal will makeshift, and then we will secure the
done before and have done since, viz:
attaining this end the friends of sound
money will meet with half the trouble
that has been predicted by the press and
silver orators.
"The South, of all sections of the
country, should favor the single un
changeable standard. Since the last gun
was fired at Appomattox that section has
produced five billion dollars' worth of
cotton over and above the amount used
in this country. When every spindle in
America nas been supplied, at least two-
thirds of our product must be sent
abroad and sold in the open market of
the world. It seems .to me that the ptx-
ple who grow this cotton should, more
than all others, wish a fixed standard of
value, as otherwise they would bo cer
tain to get much the worst of it in tbe
end.
"I believe, with Mr. Whitney, however,
that proper and complete relief will
never be furnished the country until
equalized; and, to that end,
K,m onnAylaTinA .. 1! I niliBOOW ft moll llVl Ol Will O1t n t)lO I lOUOU IS
Fx- r o- . I T fRVftr a nrnnr rflrHnstmnt nf th
tnat tne great fortunes were Demg built I tive. It wui not prove a panacea. But money in circulation, w e are noi trying 1 tariff an(j the enforcement of an income
up at the expense of the masses who are I its repeal must clear the way for wise I to boom silver, we are trying to prevent tax. I see no reason why men worth
daily growing poorer. It was because he I and just legislation. If its repeal is not contraction and low prices. The Sherman millions should be allow ed to contribute
,:, ... .,! : 1 I ,A l ;ll 1 law haa ho iw) tn hrinoHnth nnnn n. UllK) Uf UOIUIUK lO U1C I111UU WJUilllUW Ul
i- r- ' es I j " -1 1
I-.! 1 . 1 1 .lit. 1 ' J; !i fll I Tfr .1ia. 17
iauon mai nau orougni on me nam line circulating meuium, u win give no government to protect them and
times andfpromised more just legislation,
party laid down in its platform at Chica
go, if promises and pledges Amount to
anything. Let us see: The Chicago plat
form demands inter alios, the neal of
the Sherman law, ns a cowardly make
shift, an obstruction to the fret) coinage
of silver, etc. The obvious tucaninj; of
this is, if that law was out of tlie way we
could have free coinage (I quote from
memory, having no copy of the platform
before me.) That is one of the things I
)roose to put in place of the Sherman
aw; and I promise to vote agaiiist reieal
unless thHt bo done. K my party to op
posed to that, then its utterances at Chi
cago were insincere and intended to de
ceive; if it was sincere, then I am trying
to staud 011 the platform. Again, it '
pledges the tmrty to the use of txih cold
and silver, on equal terms, w ithout dis
crimination against either as to oouiage,
et cetera. Now, if wo cease, to coin 0110
aud refuse to tender it in payment even
of obligations which by the contract are
payable therein, we do discriminate
against that metal in coinage and vir
tually cease to use it. In opixxting the
repeal of the Sherman law without some
substitute preserving the use and eoiuuge
A CONSPICUOUS DAY.
The American Congress meets August
7th to give freedom to trade and take off
the financial shackles put on the country
by the Republican party. On the same
day the Home Kule bill will be considered
in the House of Commons. It will pass
that body, and if the House of Lords ac
quiesces the shackles will be removed
from Ireland, and the people of the Em
erald isle will see the dawn of a new day.
permanet relief.
that the voters entrusted all branches of I I venture to predict, though I know
government to the Democratic party. predictions are dangerous, that the Dem
Coming 'thus into power with these ocrats in Congress will repeal tbe Sher
pledges, the Democratic party had a leg- man silver act, and that they will pass a
acy of extravagance and corruption that compromise measure better than the
make the fulfillment of the pledges hard I Sherman act, and I hope that they will
to perform. I repeal the tax on the circulation of State
In addition to heavy and extravagant banks. I hesitate to predict that this
expenditures to which the Republican Congress will repeal the tax on State
party has committed the country, the banks, because there will be considerable
Reed Congress trave us tbe McKinley bill I opposition to this repeal by Northern
The Caucasian is complimentary to
Senator Vance very. Alluding to his
recent letter, the Cuucarian patronizingly
says: "Vance may yet regain the great
lovt and confidence of the people."
BANKS THAT HAVE PAILED.
Correction of na Ilt-Advised Statement
That Has Gone Forth.
The Comptroller of the Currency, at
Washington, has given out tbe follow
ing: Recent dispatches having appeared in
effect tbat since
sntf
t 'DTOV.-i. "
UIKlHtor 1 F.TIIER.
And tt u nt Lo 1 1 am, after all,
b lx tn ruir. the "Jonathan Ed-
Ar-iV Uitrr m lb (u-ujuji. Harris
t n . rd KrpuhK.n, open and
ir h t trior nLs. tiutW needs
..f tat kind in h bustne. Har
t n. mrao enough for him. So be
t a oun who was during the last
jtnin. a sent out by tbechsirman
f ti. NAtional liepublican Executive
"Mtuittr. He rarue pretending to be a
E"ru"rt m the confidence of Mr. Har-r-'.y.
Lut hi object was to gain all the
'fnir,!,i. MMible of tbe Democrats in
Wrh Carolina, try to disftatUfy the
pTle and fan into a flame the
Un prejudice already kindled among
t ui to inspire the colored people
ri 'IrrjTr race prejudice and incite
t'ftu to dreds of violence.
A ..1 thi is the man that Mr. Butler
1 rtuj.ky to discuss public affairs for
rvadrr and keep them informed of
t.- J.r, of Congress and the adminis-'"'-n
in Washington.
hatrer is mean, whatever is vile,
kar b evil, whatever is cowardly,
'Unrrbof ill-repute and calculated
!" rvate distrust and prejudice, that
thv (bsturUM seek, and surely it has
' ki .e consummation of all these in
1-1 thu Edwards.
U kq a man fit to be trusted and fol
- by the hooest, truth loving yeo
u....rj of North Carolina f God forbid
' tlrj sboukl evr fall so low.
the newspapers to the
January 1, 1393 300 national banks have
failed, the following statement has been
This is the paramount Issue. All otner I prepared that the public maybe properly
questions are at present secondary. The
silver purchasing feature of the Sherman
bill should be repealed speedily.
and the Sherman silver purchase act, the
parents of the present panic that is de
pressing every business interest. These
two acts have produced the exact result
predicted by Democratic members of
Congress, and have brought the country
to the verge of bankruptcy.
This coudition of depression and bank
ruptcy are upon us. Every sane man
knows that tbe Republican party alone
is responsible for the present evils that
are about to overcome us. But the Dem
ocrats are charged with the duty of orig
inating and enacting measures of relief.
Mr. Cleveland has called Congress to
gether to give this speedy relief and to
The first duty of Congress is to give
the people honest money and plenty of it.
NOBODY IS DECEIVED.
There has never been a day since tho
editor of this paper began his newspaper
career when he did not believe in the
informed: Instead of 200 having closed remedy the laws that menace our pros
their doors, but 103 have gone into the perity. This is the purpose for which the
hands of the Comptroller of the Currency, extra session was called. Nobody knows
SJSt!SS ectly what suggestions the President
tions and possessed of the confidence of will make in his message. Heisexpect-
the communities where located, and ed to recommend the repeal of the tax on
during the ensuing week it is expected the circulation of State banks, and it is
that several others .will have complied rt that he win th th
with the requirements of the Comptroller .
and reopen while prior to September 1st Sherman purchase act as paramount to
an equal number will resume. Out of the and prior to every other measure of re-
a ini .Inu kn tliiWvJAvsn k.tra V. 1 , vA n-1l . :
use of silver as money, and when he did gone Into the hands of receivers, the bal- injn. gome well posted men believe
not denounce th. demonetisation of the b?t( StZg that in this messageifor the extra session
white metal in 1973 as a monumental progpecU 0f reopening. he will urge the repeal of the Sherman
crime. We have changed no opinion Five of the. 105 banks are capitalized silver purchase act and nothing else, be-
upon the necessity and desirability or in tne amount or ii.wu.wu eacn, 1 ai ijeTing that it will be better to repeal the
having free and unlimited coinage or ow.ww. 7 . TX'r
, . , . . ,. " . the remainder at $300,000, $250,000,
silver. e advocate the living up to i00 000t an1 1 more than t50,-
the Chicago platform to the letter. We 000, the greater number, however, being
are not in sympathy, however, with the from $100,000 to $150,000.
western sUver mine owners who have , By geographical sections the failures
only a selfish interest in the silver ques- distributed as follows: ,
AeW sU(UUiU 67tsnM-Bt ----- w
Eastern SUtes, 2
Middleand Mississippi-Valley States, 15
Northwestern States,
Western SUtes, 55
Southern State, 23
Democrats, and Southern Democrats are
not unanimous in favor of its repeal.
There is an attempt in some quarters
to make it appear that Mr. Cleveland
believes that the Sherman act is the sole
menace to our prosperity, and that he is
not resolved upon the repeal of the Mc
Einley act, upon which the Democrats
won the victory. This is a misrepresen
tation. Mr. Cleveland's success has been
due to the fact that he does one thing at
a time. He came to the Presidency de
termined upon the repeal of the McKin
ley act as the most important measure of
relief. He has not changed his mind,
but before he could address himself to
this repeal, the present panic burst upon
us with all its fury. To prevent whole
sale and utter bankruptcy, the country
demands a palliative to restore confidene.
This is to be found, says Mr. Cleveland,
In the repeal of the Sherman act. It
must be repealed at the extra session so
as to mollify the trouble until a panacea
for our ills is found in lower tries, cheap
er necessaries, and a better financial sys
tem.
Because he urges immediate action on
Senator Vance's letter to the Mecklen
burg Alliance has been much commented
on here. It is believed tbat Senator
Ransom will vote to repeal the Sherman
act though I have not heard any state
ment coming from him. All our mem
members of the House, as I understand
it, favor the repeal of the Sherman act,
and advocate every one of the financial
planks in the Chicago platform. That
platform was the perfection of political
wisdom. If carried out to the letter, the
people will be satisfied.
I do not know how our delegation will
stand if the question of the unconditional
repeal of the Sherman law is presented
without connection with the other finan
cial planks. They would vote for the
repeal, I take it, if given an assurance of
legislation that would prevent contrac
tion. They would hate to vote against
the repeal of the Sherman act and hope
that all financial legislation can be con
sidered together But, in view of the
Chicago platform, I do not see how any
Democrat, when called upon to vote, can
fail to vote in favor of repealing the
Sherman act, repealing the tax on State
banks, and for free coinage at a proper
ratio, whether the propositions come sep
arately or all together.
The following is the declaration of the
Chicago platform on the Sherman act:
"We denounce the Republican legisla
tion known as the Sherman act of 1890,
as a cowardly maicesnitt, iraugnt with
possibilities of danger in the ; future,
which snould make all of its supporters,
as well as its author, anxious for its speedy
repeal. We hold to the use of both gold
and silver as the standard money of the
country, and to the coinage of both gold
the government, when they expect the of 1l,v,er 1 H.m B,Juar',y with the party,
government to protect them and thoir a,m URme WI,V lVl,T ucoiiuiiionai re-
lv!ni aic not witn il ijiil uit? vioimiiig tin
solemn pledges.
Again, the platform phHlges the party
property.
"I am Dersuaded that the coiuinc ses
sion will be the longest in the history of
the National Congress, as there is much
to do outside of an abrogation of the
Sherman act; but, with both the legisla
tive and executive branches in the hands
of Democracy, much good will result. I
am confident that we will bo able to get
together in proper fashion
Since the new administration has been
in power 5,250 pensioners have been
notified that in accordance with the pro
visions of the act of June 27, 1890, the
payment of their pension has been sus- J
pended.
The total number of pensions granted
under this act is 370,000. Of this num-
to such legislation as shall maintain t he
parity between gold and silver, so that a
gold dollar and a silver dollar shall 1st
intcr-changeable and 0110 as good as the
other. Now, in objecting to the reiieal
of the only law on our statute Utoks
which binds us to the use of silver at all,
without some substitute or condition
tending to make good the promises of
the platform, no Inmost man can doubt
that I am with and not against the party
which made, those promises. The only.
possible way to avoid this conclusion is
to assume either that those promises were
fraudulent and not binding, or that the
party has since changed its K)sition and
now favors abandoning silver altogether,
and of neither of these pro Mi t ions is
there any proof acceptable to mo. The-
ber 70,000 were to widows, minors and I pledges of the platform are joint and not
dependent relatives, leaving 800,000 to
be investigated. Up to this time about
25 per cent, of the number heing paid to
the soldiers themselves are being sus
pended, pending the receipt of satisfac
tory proof of inability to perform manual
labor.
If the same ratio is maintained through
out the entire list about 75,000 will have
been suspended. It is stated at the Pen
sion Office that in none of these cases is
fraud charged, the suspensions being
based upon an error of the Pension Office
in misconstruing the law.
Maj. John W. Graham, of Hillsboro,
was hefe last week for the first time since
the- inauguration. He was one of the
four North Carolina delegates to the
National Convention who stuck to Cleve
land all the time. He is not a candidate
for any office and takes great satisfaction
the Sherman act does not at all indicate silver without discriminating against e had a hand in putting
that he will drop the red uction of the tariff.
either metal or charge for mintage, but Grover back into the White House.
tion. We want free coinage because we
desire a larger circulation of money.
They oppose free coinage unless we will
make a ratio that will give them im
mense profits. Tbe difference is that
they are after ratio; we are after an en
larged circulation. We have no more
Sherman act without any substitute and
wait until the regular session when it
will be easier to tell what other financial
measures will be- best to promote the
prosperity of the country. One thing is
certain: the President is in favor of the
immediate and unconditional repeal of j
the Sherman act. Whether he wants to
follow it at the extra session with other
legislation, or await the regular session,
I cannot say.
In twenty-one States and
105
Territories
TlllH I THE WAY TO TALK.
t.rwniAn Grady, answering Dup-
--.nit j Alliance, says, among other
X'u tm- cttmag of both gold and sil
- wU to be realised and their parity
respect for the adrer mine owners than there has been no failures of national
we have for the contractionista. Both banks. But one has closed in New York,
are selfish, when we say "Ut tbe saver 1 hic f,0" ft
. t . i- - j x. The cause of the failures in New York
men howl," intelligent readers know &Qd chlcago were dae largely to mis-
that we refer to tbe men who want to management, as were numbers of others.
make the government buy silver from Local scares nave caused many or late to
them.
The Caucasia alone pretended to
think that we were inconsistent in our
statements and that we were denoucing
the honest advocate of silver money.
It deceives nobody.
nor the foes of silver. They would be
willing to see it demonetized if thereby
a system that would increase the circu
I will not vote for the repeal of the I latmg medium could be secured. They
Sherman silver purchase act unless we have stood by silver because it offered
are given some silver legislation as a con- the only increase, of currency. In the
dition' precedent." said a member of present Congress they will hold to the
Congress here a few days ago. 1 same position. They-will fight contrac
The Democrats are committed to a re-1 tion to the bitter end. They will fight it
peal of the Sherman silver purchase act I because it makes debts harder to pay
the dollar unit of coinage of both mpials
On the contrary, he is anxious that this must be of equal intrinsic and exchanga-
palliative be applied at once so that the ble value, or be adjusted through inter-
panacea may follow soon. national agreement, or by such safeguards
101. lcioiauuu ao auau iuouiq umui icuauuo
of the parity of the two metals and the
While they have co-operated together equal power of every dollar at all times
in advocating free coinage of silver, there n the markets and m the payment of
h alwavs been a world of difference be- UCUW5' ". paper
v -l -1 currency snail be kept at par with and
iweeu ui monramusu mcu i redeemable in such coin. We insist upon
the Southern Democrats have desired, j this as specially necessary for the protec-
flniithern Democrats are not the friends tion or tne larmers ana laboring classes.
the nrst and most defenseless victims of
unstable money and a fluctuating enr-
J. D.
The Angelic Husband.
rency.
KEEP NO BAD LAW.
re-
The Sherman silver law will be
t waled. It is bad and only bad. It
decreased instead of increased the vol
ume of money in circulation. We want
good silver legislation, but we are much
better off without any than with the
Sherman law. If it is repealed in toto,
the silver advocates can get a law that
will secure a recognition of tbe white
l r-.-Mrl If the silver dollar is too
. (run add to its weight, and if
1 . 4.1 i too heavy we can
''"i it. as was done in 134. The
I prefer; but t will agree to any
'-wl plan for preserving their I metal, but as long as the Sherman law,
And after this is settled I shall
.' . .1 . fc . .. V . .v.tl
- m ioe oennaa act. 1 wsu 1 measure,
u..t ..Q the obset vanoe of all the decla-1 cuinan and prevents any wise legis-
- - -
of the Chkan Dial form on the
ud question.
Why keep a bad
A UOOD J they oppose the repeal
man act aniens they can get a substitute,
I 1 tun. Kn m K-nk f.iu th imI. I aav in effect: "Because we cannot get a
1
I give below the opinion of two promi
nent Southern Democrats:
Senator Pugh says:
"The unconditional repeal of the Sher
man law would place silver where it was
under the act of 1873, and would amount
to a recognition and endorsement of that
law whinh prerv T)(mninit has Hpnnnnpwl
suspend. Nine of the banks failed were Dy tne record cf the Democrats in Con-1 and depresses the prices of staple crops, as a crime. Senator Sherman will live
robbed by omctaia, who are now under . , iQMf; Wa. rhev also helieva that silver oucht to be I to see his life-lonir financial nolicv. for
. jLivw cauv as v uv sswa wsivis v. maa m j - o I ... . w
nrreaw 1- .... .. ... I . .... v.m.i i I which the Kennbhcan nartv has strut?-
Fourteen national banks have been tionai piatronn. 1 am in ravor or di- useu as money out ueu . , , . . y -
. L I .J I .W 11 a V.n I Ai: T :i I loan? tr thm. Huira tr Qlrfl I . - " . "
auioorueu oj ujo vuuiuiivucr ui tue i uicuiiisiu. . nuii wj octj auvcr tuiucu ui j .wc. " thn vnteR of 1 lemoerarie rnrAapntntivAH
Lurrencj i iwume wuiuctb. i free and without any restrictions, at alio me money m circuiauou. jn me xne Sherman law repealed unconmtion-
Many more Will reopen, aS tne major- I A U.. T iu,li...tV. I nfhar lianil tlm Woatara ail.-or msn want. I all V leavea Rllver At the Ttlfimv of it PHP-
- .kolnili I wu uivuci ibuu. uui i ucinic uwt i vuvi nvw. o-iv. - i -j j
32Z3Z iareS -!.- 1- to 1 Uotaur,. good price for Uerthe, nrfuTSu'
a m ..a- m si m . . . i aa. A w n AAn-a nn a rnnv nmiinna onn a wta inn n &ri 1 1 iv ui hii v i ... .
warraniea iaca gi.wuuuenw w ium, uwuiuuiiiuu ui aucr uj s wuuuuuuu vu-vi, auu wv """'" ' J I will rest upon those Democrats who aid
causing disastrous runs. cf the Sherman act. Indeed I believe I legislation that would increase the vol- j giving the enemies of silver all they
Resume: Number now in operation, f , cuaman ,- tumMm I nme of enrrenev unless the increase is in want, and that is the unconditional re-
a,.so;numoer laueu since January i, . . v.. ,vi B;ivr Thv for lf all th time, peal of the Sherman law.
1S93, 105; number reopened, 14; num.-"1 "r a" "The Sherman law is not responsible
oer reopenea, is; uumoeria uauus oi re- vnw w " wmct "5 i- for existmc conditions. It is a oerver-
cei vers, 33; number in hands of bank ex-1 not excepting even the demonitization I ions that their silyer shall not be de-1 gi0n of that law, and not the law as Con-
anuners, with application to Comptroller I by fraud iQ lg73 It made silver a com-1 pressed unduly and are willing to gress. passed it. The banks made the
for resumption, 53. u ntt nK.nf f tAnd hv them in whatsoever things law that has been executed, and its exe-
. '' . .... - v 'iuuf cution as made by the banks caused the
-.n . minim wnicn. sren u ins nun ni idixjibutt uui. auu iui vuo ubj ium,iu i . . .. t
ine Virginia ouege lor young lau tea, i a ' I . . . . . . i misuuiei. a maiumj ui ui irtjinuvnuc
under the presidency of Dr. W. A. Har- 1, would have been far better (even from or tne wnoie people, flow, n me w esi- Senators cannot be driven or influenced
lis. is one of the most attractive and the irold noint of viewl than the Sherman I ern advocates of free coinage are in ear- to vote for unconditional repeal A clo-
Thomas Battey Aldrich.
There are husbands who are pretty
There are husbands who are witty.
There are husbands who in public are as
smiunx as the morn;
There are husbands who are healthy,
There are famous ones and wealthy,
But the real angelic husband, well lie's
never yet been born.
Some for strength of love are noted,
Who are really so devoted.
Tbat whene'er their wives are absent they
And while now and then you'll find one
Who's a fairly Kood and kind one,
Yet the real angelic husband oh, he's
never yet Deen bom.
So the woman who is mated t
To a man who may be rated
As "pretty fair," should cherish him for
ever and a day.
For the real angelic creature.
Perfect, ouite. in every feature
has never been discovered,, aud
won't be, so they say.
He
he
Women.
lave
a coinrdlv makeshift." lasts as a silver college homes in the South. -rre is no redeeming feature in nest about helping the whole people se- ture in the Senate is not a possibility."
i Detroit Free Pres.
There are women who are comely,
There are women who are homely.
But be careful how the latter thing you
say;
There are women who are healthy,
There are women w)0 are wealthy,
There are women who will always hi
their way.
There are women who are truthful,
There are women who are vouthf al-
Was there ever any woman that was old t
There are women who are sainted,
There are women who are painted.
There are women who are worth their
weight in gold.
There are women who are tender.
There are women who are slender.
There are women who are very large and
fat and red;
There are women who are married.
There are women who have tarried.
There are women who are talkies but
they're dead.
separable on the subject of silver money.
You cannot select one, tho rejHal of the
Sherman law for example, and proiiose
to redeem it alone and denounce those
who insist on the fulfillment of all, as
untrue to the party or differing from it.
Nor will men of common sense who are
loyal to the purposes they profess surren
der the advantages of their jiositioii. The
law now in existence can be kept thus by
the non-concurrence of either the House,
the Senate or the President to it rcieal
whereas, that Sherman law once reiH'iil-
ed, the measures (whatever they may Is-)
which are to take its placeto continue
the use of both gold and silver; maintain
their parity, remove the tax on State
bank circulation and the like would have
to be passed by affirmative legislation re
quiring the concurrence or an tnreo
branches of the law-making department.
No sensible man acquainted with the sit
uation can believe for a moment that
these measures could be passed under
such circumstances. The Kwer of that
combined capital which ha forced the
calling of the extra session and is threat
ening to destroy again, and finally,
the use of silver money, would certainly
be able to influence at least one branch
of the legislative department, which
would be sufficient for their purposes. lie
not deceived; evil communications cor
rupt good politics as well as good man
ners. The professed friend of silver money
who will favor the unconditional repeal
of the Sherman law, trusting to the jus
tice of capital or the chapter of accidents
to get favorable legislation thereafter, is
either a traitor or a fool.
I cannot conclude my letter without
expressing both my surprise and sincere
regret at other statements in your edi
torial. Hint that my letter gives aid to
Republicans and Third party men I was'
prepared to see, as also the coupling of
my name with that or "Maryann liut
ler, by such a lying money toady a
your "able correspondent, "uold-uug,
but I know of nothing in your ast life
or my own which led me to exject such
things from you. -v
In the closing par&grapis you fus-ak or
my letter as containing "aipublic and de
liberate avowal of sympathy with the
financial policy of the Fanners Alliance."
Now, sir, unless you assume what rio in
telligent man will grant, that the main
tenance of silver as money is exclusively
the "financial policy" of that organiza
tion, a re reading of my letter would at
once shown you that there was not one
word of truth in the statement; Kin one.
Read the letter ovor and see if you are
not compelled to confess that you sjoke
too soon.
I am sqnarely on the Democratic plat
form; I want all it pledges kept, those
which favor the people as well a those
desired by the bankers and brokers. If
the refusal to servo them first without
some guaranty that the people shall ar
ticipate also, puts me out of the Demo
cratic party, you will, my dear sir, if you
live a few months longer, see -the great
er part deliberately walk rut of Kself
leaving nothing behind but a smell of
brimstone and Wall street.
Yours respectfully, '
Z, B. Vance.
'T THE
. . ...... i m a s w z. a a.
. . ..mm,. f t.nn raws denounced it as a shame in 1891. 1 snow U Dy young wim us to uane ine uu v-
became a law Vr Bland off tne circulation oi state oanxs. inai uuuUiuij "
a if a . will do mor to ineraa the monev in 1 ? oi preaeouauves.
U1VU UCUUUUVW a V SBWJ '
CHINA LAW
ONE f
latko looking to tbe recognition of silver I by mountain breezes; magnificent rooun- j and when it 1
MmftMr Ha"nel7 l".t.he Taaey of Virginia, the silver
vi .v. s t-w . irameaior. oeaitn; a large ana accom- uv;ff .. Ta than I olrenlation in the agricultural States than I D ;, viTTv- s v,
WUJ wuv pliabed board or European and Ameri- J . v .... ; UOT"C1".'7 . ,
epeal of the Sher- can teacher. Tbe college is located on no silver legislation. a hundred Sherman bills. This done, members indisposed to comply
It is strange "to me now that any of I let the best and wisest men among us
the suburbs of Roanoke one of the
most healthful and beautiful cities in tnaBA fn mimm Axcent determine what is a proper ratio, and let
I th ftonth rvwainl h rJ1m1 fmm I .... . .1 , . . j -,rr:.i
..... . . . HI . M ot. v . . . i . . .w w. mm tm mm V m mm . , . I . :i 1L . I I n . . mmms-, 1 . TI 1 1 a, i var rw nninwi r,.i n 1 1 1 1
t cbWrand all th directors are I good law, we wiU cling to a Ma taw." of the j-; No parent can inow5 . wru "1 ju.u -
I cannot speak for the Senate. The
iven were
with his
wishes, I think that the sentiments of
their constituents would force them to
vote for sound money.
2s irk anv intAllint. man in thA
Probably the Latter.
Chicago News-Record.
Is it Jove when your heart beats faster
Whenever the pair of you meet t
Is it love that when you passed her
Your cheek felt a sudden heat
Is it love if yonr vision trembles
And swims when you see one girl f
Is it love that for you she dissembles
Xhe denant air oi a cnuri .'
We say repeal the bad law. and th. wU- floa a desumbfe school for hi. hote for the repeal of the Sherman law Uiese tnings,.wc in. uave ai
dom of the country will devise a good daughter than this, tne Virginia College, unless some other silver legislation is en- legisiauou we ueu, auu hi rr rr" 7Z:-" Those throbbing and whlrUngs and r
wild, ail ils spienuKi equipmenia ana ae- i acted.
The Democrats can be trusted to fire
Thks b pretty severe punishment.
it w effective. If we had such a
' the Catted State, a new and en
I .t.k . t mTU inU K.r. I Tha tlsBMCrsU CU OS ITttHCU VO Klin I . t i.v V 11 -
.trotftLr-nk ofBrsdnr. na mo mon.T-out It will all U goodlkxrua. addrea. Dr. W. A. Ilarris. RoanI t it stand a continued menace to proa- ment, the people can liye. All they want time nor opportunity to .study the
H t present panic. I money. I v
it i- vtro, .i v,a RK,n radical reduction of the tariff, and the resinsible for much of thedepression g,..
Arable location. Th. college opens Sep- .r T.. Lnonnmieal sministrstion of govern-1 w.mcu luwuulzl w .8UJteriuK:I. I 1811 io'
tmh.F 11th For fnll tWrtnii est. " " " " 1. ..... I IO any iarmer Aemocrafc wno nas ueituer i
ove or just Indigestion?
Hummer Excursion Kates, Neason 1M3.
The Richmond it Danville railroad,
begs to announce that commencing June
1st, Summer Excursion Tickets will lie
placed on sale at all coupon ticket offices
in Virginia and North Carolina at very
low rates for the round-trip.
These tickets will continue on sale un
til September 30, lt)93, inclusive, and
will be good for return trip until Oc to
iler 31st. 1893. nermitting stoD overs on
OD t I nMw flvit iMkfrnvn t rt. at .11 MaArt4 ffvilrtr.
reel-1 t o u l-i..
DViMl lOF nUUllUDI UUIIJCB K UlUCi All VI
apply to any agent of the company for
information as to rates and schedules, or
Advertise in the Noeth Carolinian. W. A. Turk, O. P. A.
perity and a "cowardly makeshift" as I is s sufficient Yolume of good money with I question and, be will probably be unable I increase your business, and be happy. I Washington, D. C.