VOL.
M6RGANTON, N; CWEDNESDAY, JUXE 22, 189S;
NO. 48.
l,Hi!;M. IN II NANCE.
A .rC FIGHT OUR FATHERS
. FOUGHT'.
. -:ii.in -it herland of Nebraska
Tl:t i a! Iimuc-s, of Today'1 The
: L; tin-t the Iiond holders aud
1 1 - "!n-iii-rH.
it questions -of bimetallism
i't j r-fui in jre occupying the
mImu of millions of Amer
i; v - while we are divided
1 u is minor issue, yet we are
f? n th- vital question of the
i 'in my judraefct-nolhing can
!in: imion of the silver forces
v.. have Won a victory that will
Mi!' t'mt- in the nation's march
, i ;hi1 better things. Our
.! ht the same' fight we are
. ! r?t. !,-...-. ' They have furnished
": ".'-nil in patriotism that will be
, to learn anew. They de
n l 'from that judgment there
;pal, that the nation of
l oiiH b'iklate on matters of
;m'm1 concern to the people
i i.iriK the' aid or consent of
r o!intry of a degree high or
. Jmvf had the benefit of their
i i. -will 'iiifrVit In nrnflt tiv tht.r
:;i ! d; mut be had for capital
for labor, but I. think all
!. i.i bor should receive careful
:! times, as it is very rarely
Hutt capital is unable to stis
: If in any struggle. For the
. i i f ; i r nt;' ui 1 1 1 1 ci r
! 'r.vt - been industrious. It has
,'i to possibilities never before
( ! "i if;, and its growing polvt-r
! ' lawfully checked r' It" will
loo laf". !
t Mi ( "uliough, secretary f the
ix -v, in bis report for 18G6, said:
: !! rent from this is-that grad
m iihv and general advance of
. v. bit h is the effect of the iri-
. ! t iii. ? iroci rn a tti pIqIq Tim pnin
mI i aiiicd in the gold and sil
; I . :ng districts, although it
m! t price witnin sucn districts,
x"; t';. t ourse of trade, and In
"v.- iti its laws, soon finds its
f-i tt'!i ! cjiijitrieH and becomes a
' il" 'common stock of the na-
-'ijrSi increasing In amount byj
1 1 , : c product of the mines, and
!i!y by the growing demands
x.-.'n' ive, advances the price of la
0 i commodities throughout the
!iil world." lie persistently
! in tbi.-. and the report of 1867,
' ' .price of products and labor
1 h, and that the continued con-
t be paper currency as a pol
: ; i i e rnaintained. Said he:
i t') they -may be retired must
! t lie .effect which co'ntrac-
: h ive upon business and in-
ill. I i n 1 w 1qH r.r ci t rr i n oH
i . : 1 t II m V. lit! u. it 1 -! u.v
m: vork. progresses." Again he
" I lie ii i s of most kinds of
'rty in the I 'nited States advanced
ft,, - ,,,t,i . i... 4 i. . v...
1 i - ' ' "I' I 1 II I I II 1J lilt? V it I, UUl
i ! nit .' was mainly the result of
x a:-e .of the circulating medium
! !ify only indicated its deprc
1 iif -purchasing power of the.
- xi cm nlation was diminished
' iti that its volume was in-
I f.u iner, for example, re
1 ficx dollars h biishel for his
x vii except for the payment of
't:f three, 'dollars were of no
- :'uj io him than one dollar was
:(:t suspension of specie pay-
He-succeeded too well in his
. i tint i act ion. The wicked woisk
x The capitalist was determin
" his dollar should buy more and
m Hie labor markets of the world.
;itid with the contraction of
lu'iue of paper money, the same
Piver struck at coin and the
i f 1st., that should never be
x u until the wrongs committed
it have, been rectified, was com
! Teach the young men. and
u I ne memory oi toe old ones,
x j!ic evil consequences of this
'i ne in the twilight of the nine
i xtitury toaid in the work of
xu 1 he- money-system that was
' i 'i' d by the founders of the gov-
ni the contraction of the paper
' to the adoption of the gold
'aid by our country has- been a
x swift and painful step. The
! xn lonomist, the great statlsti-
p ip!e verir.v-lt. that for twenty
.- ti.e prices of products have been
n : r the- debts of the nennle have
d :!!! they are bearing burdens
s be Lome. The Itold dollar'
li.n in value and day by day.
r ny year, it reqi ires more and
the toi! of the laborer and the
- of the farm to buy it. The
xs who stand on the Chicago
i the Populists, "of whom I
and th- ..Lincoln Republicans
r t h e w hoe patriotism Is
d by .the" interest they receive
botitls and the dWidends they
in in stocks shall not dictate
y of the country, but the peo-
are the source of all power
tee what is right and just for
thai the man who can count
x hy millions ..shall receive
j i 'oteetion under the law. but
! i ?a more, than the working-
. only capital in the fierce
-i bfe is.. the muscle given
''o creat Master of all.
i ihe history of Washington
; '.low patriots, stiuly the life
. ; it' rson and- Jackson, draw
mi from the immortal name of
declare in the words of
XeLraskan that "This nation
uislate in its own interests,
' the aid or consent of
. ri earth:'
! I anted in the soul of every I
ii the savage of the bush to;
!esi scientist of the age.
a
r; ssmnate desire for rome
r. It is so with nations, we
' our country is great and that
the future I3 full of glorious promise;
that with wise legislation in the inter
est of tthe whole people our couajtry
will march on until it becomes the
great: nation of history and the most
powerful factor in the civilization, of
the world. Hon, R. D. Sutherland, In
thp St. Louis Journal of Agriculture.
THE WAR REVENUE BILL.
The Title That Ought to He Oien
' Iingley Measure.
' Dingleys war revenue bill ought to
be entitled "A bill to more thoroughly"
commit the United States to the sin
gle gold standard, and to aRT in the
establifjhment of bank rule in the
United States," says the Silver Knight--Watchman.
The committee estimates
that the'increased revenue by taxation
will be from $50,000,000 to $100,000,000,
as follows: Fermented liquor, $35,000.
000; tobacco, $15;000,000; cigars,
000,000; dealers in tobacco an 1 cigars,
$5,006,000; stamp taxes on documents,
telegrams, etc. j $30,000,000; stamp tax
on wines, mineral wateis, etc. .undeter
mined; tonnage tax ort vessels engaged
In forHgn trade. $2,000,000. The till
is elaborate, and corriplicated in de
tail. It consists of forty-four pages,
and if enacted into law its administra
tion will be most vexatious and an
noying. '. It reaches every branch of
business and trade, and complicates
every transaction with stamp- duties
too numerous and conlplex for descrip
tion. The bill also .provides for issuing
$500,000,000 of twenty-year thieo per
cent bonds and $100,000,000 6t short
time 3 per( cent bonds. If this scheme
Is carried into effect the Gage and the
Injffianapolis currency' schemes will be
practically accomplished. When the
taxes proposed inl the "bill are once
levied they will remain' in peace as
well as in war, while a gold standard
president is in office. The $220,000,000 '
now in the, treasury, the $UOO,000,001
of bonds and the $100,000,000 surplus
revenue which the new tax law would
produce will soon cover into the treas
ury all the greenbacks, treasury notes
and silver certificates now outstanding
unless the expenses 'of the war shall
far exceed the most extravagant esti
mates which have een made.
Thenew 3 per cent bonds just fits
the proposed banking scheme. No
further legislation would be necessary
to retire all government" money but
gold to make rcom'for l ank currency.
All the amendment .to the banking law
which would be necessary would be
to authorize the banks to receive cur
rency from the government equal to
the par Value bf their bonds. The cold
blooded proposition of the committee
to load the peop!e with excessive taxa
tion and loa the government with
$600,000,000 cTf new 'bonds is as desti
tute of patriotism as Shylock was of.
charity and benevolence.
POINTS FROM THE PRESS.
The colonists thiew the.tea over--boaid.
It helped the revolution and
eventually established the American
republic. Is it not time for eiviliza
ttion to throw gold overbdard? There
is over $100.6tO.(njO of it locked up in
the treasury. Of what earthly good is
it to the -people-of what benefit to
the human race? What better is it
than so-much gold, buried in the moun
tains of Alas-ka'?- Kara Retiertor.
' t
The government ownership of rail
ways grows in public favor, as the
failures of the railway commission
becomes more and more apparent.
Cuero (Tex,)' Constitution. '
The sugar and : offee war between
the Arbuckles and the llivemeyers h is
been terminated; - They' have smoked
the calumet of peace and henceforth
instead of warring against each o'.her
they will, as allies, wage war on the
public, who will be made pay all the
losses of the two firms in fighting each
other. Coffee and sugar e.re on the
rise. Journal of Agriculture.
There are thousands of idle acres of
land; and there are thousands of idle
men who would like to work it! .Hut
why don't they? Why, the specula
tor gets in his grab books tir.-d. Fun
ny, isn't it? Evansvllle (ind.) Com
ing K vents.
If you want to know what is goins
on in the world, read the padded dis
patches in the! big journals and then
guess at , their meaning. Such an.
ocean of flatulent slush never was
printed before.- Bodi? Miner-Index. '
Thr WAyn.
Nature gives to man nothing. With
out work nothing can be produced
Work is the producer of wealth. How,
then, is it that! there cam;, to be die
ttnetively a working class? Is it that
some men devise schemes by which
they can live without working, by
throwlng the burden of their work up
on their fellows. An, English writer
has divided all men into three classes
-.-workingmen. boegarnicn, and thieves
and this is correct.
There are only three ways of getting
the product of labor -by working for
it, by having it given toyou, and by
stealing it. Henry George.
The New York banker tells the bank
er of the South what principles he
must follow politically and in a busi
ness way. The New York banker is
subject to the dictation of London. We
are like a fan. From one center, Lon
don, comes the edict to New York.
From there it is distributed to the va
rious parts of the United States, and
the people are subservient to a system,
the fountain head of which is in Eng
land, the active body in S'ew York and
its trlbutcry clement in every city of
the Unite4 States, The Caucasian.
BY THE BOND BROKERS
THE RULE OF INTERNATIONAL
PLUTOCRACY. .
What It Mean to the People of the
United States The Revolution Wrought
br Compound Interest on Iioudel
leht and Watered Mock.
the worst curse of modern times Is
usury perpetuated by war debt. It
does more harm than all other forma
of robbery combined, and it works a
more far-reaching devastation than
the deadliest havoc of war.
Under, modern methods, usury is fa
cilitated as it never was before in the
history of the world. The professional
usuer of the higher grade no longer
compounds interest by charging a sin
gle borrower an excessive rate. He
strives to minimize the rate to the
Individual borrower and to raise it to
the maximum against the community
in general.'
'The highest possible rate of com
pound interest against the general pub
lic is attainable when the simple inter
est on a bond is invested at once in
another Interest bearing bond or sim
ilar "security," or when it is put into
the stock of a corporation and inflated
by the usual processes of "watering."
We may illustrate by supposing that
a New York financier (say Mr. J. Pier
pont Morgan, agent of the Rothschilds
in their attempt to control the United
States treasury), has just received $4,
C00 in interest oh the lot of bonds for
which he raided the treasury under
the' Cleveland administration, or the
other lot with which he and his prin
cipals are about to be accommodated
by the McKinley administration "for
value received." -
Having this $4,000 cash, he can im
mediately Invest it in the stock of a
trust he is organizing on the plan of
the Sugar trust or the Standard Oil
trust, and water it up to a face value
Of $20,000. On this, by favor of gov
ernment which shuts out foreign com
petition by a Dingley tariff, he may
realize a monopoly profit of twenty
five per cent or over. But at only ten
per cent, he would have two thousand
dollars usury on an investment of $4,
000 of original interest from his bond3.
And by re-investing and re-watering,
he would go on year after year, piling
higher and higher his hoard of plun
dered wealth.
Where the men who understand thj
science of compounding interest by re
investment are allowed to control the
money supply of a country, they must
inevitably control the greater, part of
Its wealth. Any one who can work out
the rate at which a dollar will double
itself caji see to a certainty, as math
ematical as figures can make it, that
what has happened in the United States
since 1865 happened of necessity and
could not have been otherwise. The
men who speculated on the necessi
ties of the country during the war, and
took advantage-of its extremity to fix
their usurious talons in its vitals, hava
preyed upon it ever since.
When men of common sense acquire
determination they will . not hesitate
long in dealing with such a situation
as this.
These people control the country be
cause they have monopolized its mon-1
ey. The most sensible and effective
way to rid the country of their domi
nation is to issue money from the mints
and treasury until their hold on the
supply is broken.
Nothing could. be simpler, as nothing
could be juster or more necessary than
this. , v
It is not a question, of the color of
a metal or of its weight orof its fine
ness, but of liberty and justice.
These men control the money sup
ply with which the products of labor
are exchanged. In so doing they con
trol labor and -alp legitimate business
which depends upon it.
If they are allowed to say what mon
ey shall be issued from the mints, how
much or how little of it shall be is
sued, they will be masters of the coun
try, and that in perpetuity.
Nothing could be more intolerable
than such domination. Nothing could
be simpler than the method by which
we can escape it. Instead of issuing
more bonds to add to the plutocratic
hoard by the cumulative power of in
terest to be compounded by reinvest
ment, we have only to issue, and to
-continue issuing, non-interest bearing
currency from the mints and the treas
ury as the business of the country and
the necessities of our national life, in
war or peace, demand It.
Every million of new bonds put into
the vaults of the plutocracy helps to
enslave a hundred thousand men, who
ere not' less the servants of their bond
holding masters because their product
is controlled rather than their persons,
as under the chattel system.
Every additional million of currency,
gold, silver, or greenbacks, put into
circulation by the people themselves.
brings the economic power of at least
a hundred thousand men to bear
against the plutocratic system.
We want no wild inflation. We
want stern justice and rigorous com
mon sense in using the mints and the
treasury to break. the power of pluto
cracy by issuing a currency that will
meet the demands of business and free
production from the fatal drain of
compound Interest.
We ought to be the most prosperous
people in the world. We will be when
we learn to defend like men the rights
of American manhood.
Now that we have the Spanish war.
these vultures of usury are wheeling
and circling over us as they were dur
ing the civil war. They are in power
at Washington. The secretary of the
treasury Is tliere because :te nut hfn
there. The President of the United
States is the personal protee of their
agent, Blark Ilanna, of the StesI trust.
The speaker of the house Is their tool
ready to resort to any desperate means
to gag protest against them. They
have 'entrenched themselves in the
Supreme court. They are ready with
government by injunction and govern
ment By bayonet, if need be, to compel
acquiescence. And being so, they cry
out now that objections to their de
mand for more bonds Is unpatrlotiq.
It is not worth while to argue that
point. It 'is better to state and re
state, as ofteri as possible, the plain
fact that thesl men are thieves, who
make a business of wholesale larceny,
and that they stand ready to loot th
national treasury as they did in the
civil war-r-or, for that matter, aa they
did in the only too recent past, when
they had their beneficiary Cleveland in
power at Washington. 4
Plutocracy is corrupting the coun
try, not only in politics, but in social
life. It leads to a. base sensuality,
which shows itself in art, literature,
even in religion. The churche where
plutocrats most abound have carriage
entrances as the most conspicuous fea
tures of their arcBitecture as if My
Lord Dives, enriched with the plun
der of the earth, and swollen with lux
urious living passed the possibility of
climbing the steep and narrow way on
foot, could drive up to heaven's gate
in his equipage and order the keeper
of the keys to let down the carriage
steps for him.
And these men are wicked in the
most literal sense. Their pride is in
tolerable. Their contempt for human
rights is supreme. Their determina
tion to retain control of the country at
any cost is desperate. Their alliances
are with Europe, and their sympathies
are with European monarchies rather
than with America. They are impe
rialists, haters of popular government
and popular liberties. They are pre
pared for any fraud, for any bloodshed
they think necessary for the mainte
nance of their power.
These plutocrats have worked for a
year or more to force some kind of a
bond deal in connection with Cuba.
They are directed from the back rooms
of the Rothschilds in London, and the
New York newspapers which best rep
resent that interest are now working
to force new bond issues enough to
give the Rothschild banks in this
country control of the currency on a
basis of corporation notes instead of
money jof the mints.
They will get their bond issues and
everything else they demands from
this administration. But if the Dem
ocrats of Congress have the courage
to force issues on them' by demanding.
the opening of them into and the im
mediate submission of an income tax
amendment to raise money for war
purposes, the people will rise in such
revolt against plutocracy as has never
been seen before. They will rise, at
any rate. And they will win their
fight in any event. All they lack now
is leadership from men as sternly hon
est in their purposes, as uncompromis
ing in their methods, as are the forces
of progress to which these reactionists
are opposing themselves. And this
leadership, too, the people will have.
W. V. BYARS.
Tie Bees and the Drones.
"I tell you, my friends," said a big
wasp at a busy-bees' convention, "I'm
sick and tired of listening to those dis
gruntled, dissatisfied, dyspeptic, dema
gogic bees who are continually howling
against the drones. Why, my friends
if it wasn't for the drones, you'd starve
to death! Actually starve to death!
The trouble is, you haven't half enough
drones in the hive, that's the reason
you can't get rid of this omnipresent
overproduction which causes hard
times. (Oreat applause.)
"Now, let us reason together," con
tinued the wasp. "It's as simple, as
A, B, C. The more drones you have,
the more honey Is eaten. The more
honey is eaten, the more work you
have producing more honey. Do you
follow me? And work is what you're
always looking for, isn't it? (Great
applause.)
"Now. my friends, I repeat, let us
reason together," continued the wasp.
"Let us suppose you didn't have a
single drone In the hive. What the
deuce would you do with all your
honey, I'd like to know?"
(A voice: "Wrhy, eat it ourselves, of
course!" ; Cries of "Order! Order!
Police!")
"And if you didn't have drones."
continued the wasp after the commo
tion had subsided, "who'd support
your churches and seminaries? Who'd
endow your hospitals and libraries?
Who'd subsidize your colleges and
newspapers? Who'd contribute to
your soup-houses and foreign missions?
I'd like to know! Why. my friends,
if you didn't have drones, you wouldn't
have any one to be kind to you and
ive you charity! You wouldn't
have "
(A voice: "We wouldn't need char
ity if we didn't have drones!" Meet
ing breaks up. In confusion.) Dau
Cavanaugh, in National Single Taxer.
Sixteen to One or BmU
Sixteen to One or Bust means that
instead of giving the Rothschild's fur
ther mortgag'es on this country, we
ought to open the mints, coin national
defense silver dollars, and supplement
them with war measure greenbacks.
It means also, that we ought to fore?
the Immensely wealthy men who, ar.i
speculating on the necessities of the
country to pay their share of war
taxes.
It means unalterable opposition to a
bond-dealing plutocracy.,
It cannot fail.. It Is bound to win.
It will winJournia of Agriculture.
PAY OUR OWN DEBTS.
DO NOT FOIST IT UPON
CHILDREN.
OUR
rbe Scoundrel Who Charged r with
Trrtngf to Cheat Creditor Now Kn-
. deuToriutc fo Rob Children Yet Unborn
The New Bond DeaL
The proposition that the government
shall issue long-time bonds to meet,
the expenses of the war contains in it
much that is dangerous to th peace
of future generations. It means a cer
tain amount of financial freedom to
ourselves and financial bondage for our
children. The whole principle is
wrong. We have already gone too far
In Inculcating the principle that it is
right for us to create debts, for a fu
ture generation to pay. If we follow
this principle for a few generations we
will have the nation harnessed with a
debt that will rejoice the heart of the
bondholder and will be the despair of
the bond payer. If it were possible for
that monstrosity the gold standard
to continue 'indefinitely, these debts
would be practically unpayable; for the
fall in prices will continue till bur
children will receive only half the
prices for worfc and product they now
receive. The debt we incur will then
virtually have doubled, and even the
Interest will be a tremendous burden.
The piling up of such a debt will
mean the keeping of a vast standing
army to keep down the growing army
of the discontented, and because the
value of our bonds must be kept up.
to do which the holders of and the
speculators in United States - bonds
must be assured that the government
is so strongly intrenched behind the
army that no harm can come to the
interest-paying power. We do not want
a condition brought about that will re
quire any such expensive guarantee of
our solvency.
Nevertheless we will find, and' do
find, the gold-standard men asking for
this condition of affairs. They have
passed the word along the line to agi
tate for more, bonds. One of them
said to the writer recently, "Why
should we permit ap increase, of the
internal revenue tax for the payment
of war expenses? Let us issue bonds
and let the next generation pay them."
More bonds, more national banks,
more gold standard. This is the trin
ity our political adversaries worship.
The more bond3 there are the more
national banks will spring into exist
ence. It would be a splendid argu
ment for the extension of the law per
mitting banks to do business in Very
small localities. Every such bank is a
center of political warfare for the es
tablishment and the maintenance of
the gold standard. Every new nation
al bank created is a new fort belong
ing to the gold standard, and is garri
soned by the men connected with the
bank in an official capacity, and is
out-posted by Its agents and benefi
ciaries. It can exert a powerful influ
ence on the acts of its customers! Dur
ing the last election these banks used
their full influence against the party
of the common people. A Republican
business man of Wisconsin, said to the
writer just before the last election, I
and many of the Republicans in my
neighborhood are in favor of silver,
but we will all vote the Republican
ticket. Most of the men of whom I
speak will so vote because they have
loans from the banks and are afraid
to incur the enmity of the banks, es
pecially those whose mortgages must
shortly be renewed."
This shows the whole situation. iEv
ery silver man in congress should be
on guard. The issuing of bonds by the
government is a powerful means of
coercing men to stick to the gold stand
ard. It is none the less powerful be
cause it is indirect. If the government
needs money let it raise it by some
means other than the sale'. of bonds.
Five dollars per head of the population
4neans more than $350,000,000 per year.
If this amount be needed each year
for war purposes let us, the people,
pay it. WTe can do it. The people
want to pay their own debts, and con
gress should permit them to do it.
H. F. THURSTON.
What Ioes It Btean?
WThat is behind all the factional
Ftrife at Washington? . What is the
meaning of the bickering between for
ward and backward? Ugly rumors of
deals and jobs are in the air. The
contractors have mustered in force and
are alt for a long war the longer the
better. Is it possible that this war
undertaken to relieve the suffering of
the Cuban people is to prolong their
misery? And this at the bidding of
suttlers and jobbers and the bond-,
mongered crew? The secretary of war
is reported to have said that the army
should have been on Cuban soil three
weeks ago. but Gen. Miles is, strange
ly enough, oppose to any . vigorous
stroke until fall. Whatever be the
merits of action and non-action, the
question ought to be decided once for
rll, and the decision should be adhered
to. Ex.
The Bond Shark.
The man who bares his breast to the
enemy's bullets is not the man; that
gets the bonds. It is the fat, slick fel
low with a big diamond pin and pat
ent leather shoes that sits on the
veranda ina duck -uit and fans him
self and drinks mint julips he is the
fellow that gets the bonds. j
Te God, Whafa ThiaT j
- Ilanna is. a patriot gilt edge. He
has actually permitted Uncle Sam to
buy (not borrow) his big fresh water
yachL Think of America's greatest
philanthropist going without hi3 regu
lar cummer, cruise through the thous
and Ul&Qdy-Ex.
BIMETALLISM.
Civilization became stagnant and the
Dark Ages swept over Europe because
the great gold and silver mines that
had been worked through the early
days- of the Roman empire were ex
hausted or forgotten and no new ones
were exploited.. ' ' f i
The result was, as Jacob, the great
historian of the precious metals, tells
us.'that whereas In the reign of Augus
tus Caesar there was something like
eighteen hundred millions of dollars
in the stfkrk-of the precious metals in
the Roman empire, by the year 805 It
"had fallen to about one hundred and
sixty millions. '
Industry died. Civilization went
backward. "The Daik Ages' engulfed
the world.
Is it possible that men can dispute so
simple a proposition for example as
this: That when there is relatively a.
good deal of money, prices are higher,
business is better, there Is encduYage
ment for men to put money into the
making of things, because when things
are made they will sell at a higher
profit; and, per contra, when money is
scarce, and growing scarcer, it is a bad
time for business;, that as , money
"grows scarcer, prices go lower; and
people cease to invest money, for the
reason that when you get the money
in the thing, the thing, by falling in
price, will let you take less money out
than you put in.
So, instead of putting money into
making things or growing things, when
there is a scarcity -of money, the
money is put into the bank.
Look at modern history. Go back to
the time when, in the. sixteenth cen
tury, Spanish conquest opened the siK
ver mines of America and sent their
great wealth across the seas In treas
ure galleons that were captured off the
headlands by enterprising English buc
caneers and their rich cargoes taken to
England to form the basis of the mar
velous expansion of English trade and
commerce in that era.
Come down to the beginning of the
present century. We are told, for ex
ample, that prices fell greatly from
1809 to 1849, and that the purchasing
power of gold rose enormously, which,
of course; is only another .way of say
ing the same thing; and that if prices
have fallen sfnce.T873, it cannot be ue
to demonetization of silver, because
silver was nqt demonetized from 1809
to 1849. ' ! ' ' '
They tell us?you cannot do anything
by law. 'Well,.-they have done a great
deal by law. It is very convenient to
have mounted into power by this lad
der, of the lay, and then contemptuous
ly to kick it to one side, so that your
pursuer cannot overtake you by the
same route.
Aristotle, the myriad-minded man of
the ancients sometimes it seems that
he wrote equally well upon every sub
ject of knowledge that anybody knew
anything about "'jin 1 his time, and that,
except so far as Observed facts are con
cerned, he stated the limit of knowl
edge for all time Aristotle thousands
of years ago discovered and announced
the fact that money is the creature of
law. Gold and silver are, gold and
silver. ' ,
Stamp one of them, give it a power
to pay debts, receive it for government
dues, and It Is money, and it then be
comes subject to the great demand for
money. You can do little by' law,, say
they; you cannot create value by law..
Nobody contends that you can create
value by law, but you. can affect value
by law through setting into operation
cei-taln economic forces which affect
demand. And what Is value? A re
lation between the demand for a thing
and the supply there is of it. That Is
all.
ThatJs the only law of value, and
Aristotle discovered that also. . Why,
our friends talk protection and I am
a protectionist, by the way. They say
you cannot do anything by law. and
yet they are mightily afraid that ths
law' will not allow them to raise the
prices on some of their gopds. Well,
perhaps it Is true that law can accom
plish something in the direction of
protection and Is Impotent to accom
plish It In any other way .
If that be conceded to be" the force
of the reasoning of our friends upon
the other side. It Is only one other In
stance of what absolute Impossibilities
and inconsistencies you are required L
believe In order to accept the philoso
phy of the gold standard.
CHARLES A. TOWNE.
Artotoeratlc OfBrer.
To the Editor: What entitles .young
aristocrats to positions of distinction
in our army? I read, for iniitan.ee, that
young Mr. Lee and young MrSartorU
have received appointmeibta on the
staff, etc Men without military train
ing. Are they too good to enlist as
private? In creating colonels and even
generals of the same material, a ev
erybody knows happened, are we look
ing for a Bull. Run? Or is the blood
of our plebeian brethren not worthy
of more consideration than to be
butchered by the Spaniard on account
of such incapatje officers? I would be
glad to hear from others who wish to
enlighten me upon the subject.
I TLEBEIAN.
The IloaeaC Doltor.l v
Our 52-cent dollars seem to' be stand
ing up for Uncle Sam pretty well. Not
half as cowardly as the 200-cent gold
J dollar and mors to relied upon, J
R ll'l RIM 81111.
Interesting Maneuvers Witnessed
by a Large Concourse.
MADE A SPLENDID SHOWING
Out Hove Too When ti llroMtltlde
From a Ulite Jacket Crosfced Her
l'ort--HogulnrIc5s but Exciting. ,
We clip the following amusing and
graphic accouut of Charlotte's flying;
squadron from tbo Sunday Observer:
From time immemorial. Tryou street,
from the square to Fourth tret and
beyond, has been the racing course.
Many interesting races baTe taken
plaeo ovor this course, but none which
excited more merriment, and few
which have drawn out a larger crowd
than the one of last night
Mag: Carter not colored, but black
led or- Olhcer Pitts followed. Feople
thought it was the tljiaf? n. madron
I massing, and every one rubbed out to
see it lilimpsesof whitesaili, followed
by the dark-blue of the purur, could
occaHionally be tn. ltight down te
middle of Tryon the woman went, with
a 2u-of-May crowd (to! tay nothing of
the dogs) at her heels. Hhe Hew like
the wind, Jitit as swift as her No.
were, swifter. was-Ofiicer Pittas Every
one was enjoying tho jrace o that no
one helped to bead jher off.. Hhe
turned the corner1 by! the Lonyr-Tate
Clothing Company, hopiutf to be lost in
t iio darkness of West Fourth. Hut her
hopes oon lay "thick iu the blast "
Officer 1'iiU caught her all right- and
in a. few uiouieut -towed his prize to
shore. 1 -
i ....'::-. - -x - - - 1 .--
-.-j. -
A Negro AsHllunt Cttoglit.
' The negro who assaulted Mis. Mal
colm 1 1 mi u a by choking her in her own
house several weeks ftince, was cap
tured iu Yorkville, S. C , by Caiaf of
PoliCe! liovfe, of that place, and was
tried and committed to jail at Dallas.
Another negro, with whom this oue had
been associating, .told the officer of ojo
Thomas Himpson 'having boasted that
be made the assault, but would not be
caught. Thereupon ho was -arrested
and carried before JVIrS. Ilanna, and
she -identified him as tho right quo.
before this, several ustiicioiis negroes
bad been shown her, but each time she
unhesitatingly said they hadthewronj;
man, until this time..
Serious Accident Near Matthew.
Mr. David Brown's children three
boys and two girls droveolrarsh o
attend service, and on. their return
home the mules became frightened at a
dog and ran away. The occupants of
the buggy were thrown' out. The boys
were not hurt, but tho tfirls were. They
were both unconbcious when picked up.
One -17 years old remained uncon
scious all night i
Stanly County HouiK'ihp.
Among the important caes is tbo
Htanly bond case, to be heard by Judge
Kimodton, iu equity, at Charlotte. It
will be remembered that this caseurowa
out of an attempt on the part of Htanly
county to repudiate the 100, 000 in
bonds issued by the county, in aid of
the' building of the Yadkiu Kailroad,
running from h'alisbury to Norwood.
This case has awakened much interest
in tho State, and will be contested
vigorously. .
A fine ipeHfiieii.
The finest specimen of this
wheat crop that has been seeii
News office was brought in by
year a
at the
leg" drabath,-"-from his farm in Steel
Creek. Mr. Orabam. has four acres lik
the specimen brought in -which ho , is
sure will turn out twenty-five bushels
to tho acre. His wheat crop this year,
he says, is the best ho has grown since
the year Vj. Charlotte News.
- -. - - '
Th OrpiiMti IIoimc.
The trustees and superintendent of
the Odd Fellows Orphan Home. Oolds
boro, state that the type and fixtures
from the American Type .Foundry,
which is designed to instruct the loya
of the institution in the 'art of printing
and to yield a revenue to the Home, is.
now in position, aud the first issue of a
sixteen column paper, ) entitled Our
Orphan Home, will appear July 15th
anil every two weeks thereafter.
It Is Hmalipo.
: For some time the county physician
and the physicians of .Statesrilie have
been positive that there have been
some case of smallpox in town, and in
Helinout, a negro settlement two mile
southeast of HtAtMvtl!e. j Frit there was
doubt expressed by a good many feo-
Pje, so to settle the matter Mayor Har-
rill requested that Dr.
the government expert.
V often baker,
be sent tbre.
He came, and with ur. list. Ixug. the
county physk-ian, has examined every
auspicious case. He pronounce tho
disease smallpox. He and lit. Long
went into the country eleven miles to
examine suspicious below' Oraa-
ite Hill, finding it to be smallpox also.
Report Not True.
The report that the North Carolina
troojs were In-having badly is without
foundation, homo of the Illinois. troop
Lave been casting the odium cf their con
duct when called to aecount upon our
boys, by claiming to belong tu the North
Carolina regiment The men are now
about ail provided with necessary
clothing. The Jacksonville camp hat
.been equipped o slowly that it sug
gests to the mea that they will not be
sent to Cub for some time. They
have no idea when they are goio, or
where.
A Charge of InrendlarlstM.
As a result of a fire at Iidrhacn W. 8.
Brown, who conducted a grocery store
over which it broke out, has been ar
rested and held under a bond of $4.0uo,
which was given by his mother, lirowa
is jefuug mu about twenty years of
age, and for some time has been con
ducting a .fancy grocery store.. The
story above hi. 'a was used by Thomas
A. Campbell as a storage room for fur
niture. The fir originated up stairs,
to which both Browa aqd the furciUr;
eta tart a kt,