Newspapers / The Morning Post (Raleigh, … / March 30, 1899, edition 1 / Page 6
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V J j v J :v nn;jvN,V,,V' V 'sJX,V V V Jf v , THE MORNING POST, MAR. 30.1899. MY FOR MOVEMENT OF CROPS Treasurer Roberts Tells of the Pressure for Such Currency. A Remedy for Present Conditions. Legislation Should be Along Con servative Lines Bank' Notes Se cured by Cash How a Perfectly . Safe System Might be Had. WateMngt'oto, March 29. Am intense pressure for wrfall .paper currency is aillticipaited by Treasurer Roberts at (the time -Of titie crop moving season irwdt axrtumin. Ms .ptfessxur is already suioh that the Treasuiry is eonsftantly refusing to. supply paper currency in exchange for g-o'ld deposits a,t New York, and te'd'irecJtlng ASsBtetJainlt Treas urer .too pay gold 'whenever possible over the counters of the suD--Tireas:urie:s. Treasurer KoTert!s said "today, in re sponse to inqoi-iry regarding the feupply of currency : ' ' . "The appeals for paper irioney are becoming absolutely piteous. There is ia special d'arriand: from KJansaa City and other points in 'the South and! West .where small motels amid steEcBanxl silver dollars are the forms of money most desired. Small motes -usually aiecumul'alte in the Treaury during the wi'nitier after the crop moving season, ibuit this year very few ndces of any kind 'have com into iposseisisiion cf the Treasury. Tine Treasury-is running- over iwBth goM, and we could g-et several millions more ex gold than we Wave if we had small notes t'n excha.ne'e for it." WTf -1V.,oH- Iriin. V'fHl a titl'lbUt'e BUCIT scarcity of paper currency ?" wa "'Liargely to the prctepeoflty of the country, with tihe growitih of population and the expainajcn of fruetoe. We have hard no me'arjs of increasing the supply df currency since the -repeal of the purchase clause of tihe- Shiarm-an law an 1893, except gcUd prw&ucttori and gold impcrlt atoi- the onttonal bank note circulation. Gold am ports have ,b-en vry heavy, an-d have immensely strengthened both the cireuHat'img cur rency of the country and the Treasury reserve. I ami personally a s'tronig be liever in a metailiic ourrenovand would be 'gtl'ad to ee-e gol'd in mioxe general ciTOulaltil'cn. ' It requires time, however, (tn, irJni.-a'te sentiment upon that point after so nuany .years of experience withj paper. ' Moreover, I'-d'o mat -believe . 'that go'ld coins tihoutd he issued ot ies-s tnam $5, and much of the dem'and lor cur rency is for Frr.'a'iier den'ominati'ons. W e can-jfurar'Sh standard dolluaa and frac tional' silver, and are responding to calls for such coin, .but paper is much preferred- by mo of our o&rrespoirjj- ents. . - "What is t'he remedy for 'the present coc'iil'tfon cf thing's?" inquired your correspondent. "-There axe several possible remedies. I have offered to convert large United States notets into- smaOi notes under conditions tfaveiraibte 'to Hire banks. The offer 'has not been, accepted, 'because '. mos t c f the large- niQifcels heoa 'by the banks are 'a part of ttteOr required cash H'eservete, It wiculd be piossible for them to withdraw these large nonzs from their reserves, subgtStuife gold and convert the large notes into nates of tern all denomrntttiem's. They iiava not shown much dispositi'on to do this, because of the cost of h'andOIiiig and holding the gold. Some of them may be forced -to do it if the pressure for currency becomes m'dre Irttenise .during iahe crcp moving seateon next - autumn. "Is 'trnere not need for new legislation to provide for the currency needs o: ithe country, '-' was "asked, "if thci -i is. ndt 't'o be Lsiucih a scarcity of smc'H pa per as to precipitate a popular demand for more greenbacks?" 'T thiihk isorhie le-gii'slaltijon. miay be re quired, but ilt must be on confer va'tiveH .James, we m.ight issue gold certicates ifoir the purpiose, df mlaking more avai'l 'able the surplus gold h'eOd by the New York banks, but I am inclined- to agree rwJth the general pcCOcy of iSecre'taa-y Oa'ge that the 'governmient should not carrjr on a iSaife deposilt business for the owners of gdld ait its own ex pense and 'without charge "to them. One of itJhe surprisiinig 'tlhing-s abouli the existing situation is the way in which the national bank note circul'aition is declining. There wais a loss in the face value of Itlhe bonidls on depotsat to se cure circulation of about $5,500,000 be tween January 1 and the middle of Marclh. ;Some oif the banks, I under stand, hiave wiiOhdrawn even the new 3 per cent bonds' and Wave sicild them at recent qubtatlioms becau'se cif the pro fit due. too itih'e premiiumu I f t hli's is their policy we cannot rdly upon the bond secured oirculatJion. ais the means for meeitiintg the deimamd's far currency.' '"What do you think of a bank note currency secured, by a l'arge deposit of cas.h in ftihie cusitiody of the Treasury, somewhat like (tihe leading European banking sysitm?" asked your corre spondent. "I have always favored such a sys tem. Of course .the European banks, !being ITn m'ost. cases mioiniapoiiy ifesue - the onfly banks of issue in "their respec tive coiumtrtle are subject tio. a close bcrutiny by the busimeistsi public, and' "their, (position differs frtotm the Ameri can banks, scaltteired' !t'o the number of 3,700 over ouir -wad'e extent of territiory. lit wouTd 'be neoeisistairy for us to require itihe deposiUt olf tWe 'guaarfahftee for the trDotesi Itd the custody of the Treasury in order 'to have "tihe guarantee uniiim.pa.ir ed in case Of f a!ilure. I think if a bank was arultlhorized' lt'o dlepo'silt catih in Itihe Treasury to the almiount of 40 or 50 per oenlt of ithe noltfes iisfeueld, with a. tax upon, the excefes.to, nalitee a guaranty f unld ar the nioites of Haltled banks -we "should (have a perfectly safe system which rwotuld afford a 'sufficient paper currency ,atnd wound nuaet ail the de imarsds for eJalsUctlt -wtoksh. Oan legiti maMy. be melde upo.n, the cixcuIatinV m'edium, M "the surpOus ofJl iSf vvre turned lin-to -the pubCuc Trelsuy making the govetrntmtrJt a shairVrn fche profilts of iiue wlltlhouit anv of the trouble of making redemption o? re-! ulaltin fdhe. tmohey " (mJarket, as is th cafee -with mlo'dt of 'tlhle European banks t.0? f,llffi'en.t currency 6y?em migiht be secured." J 11 interesiting Just -now, when the he5r ap parent Was so far recovered from his recent accident as to be able to resume both hits social and official duties. What makes the rumor even more in teresting is its present a!ssO"cia!t!ion wit'h the intended celebration next year of the centenary of Wa&hting'toin's fi'ea'th, and the reported ejaculation of. Presii dient McKiniey: "We should be glad tJo have h'im with uls. We could ent'eriLain h'is Rioyafl Kighneiss at' tihe White House, a's on the oeealEion of his prev ious viisl't to Afmeaica.'' And it is "of significance now ones mlcre tt5 recall !tha!t ttlhe central incident of thait tour of I860 Wa"s th? Prince's vltei't to t'he tomb of Waishiu'gton,whten Bresid!3r.lt Buchanan afterward dei?crib ed to the Quieen as "an hisltoiical evenc which cannoit fail to exert a hiappy in fluence on ithe kiindred people of t'Jtiie two countrlies;" and to which .her Majesity referred in her reply Us "an irJtereisting a:n!d touching scene, wli'icili may be fitly "taken a's the type of out present feelings and, I trust, of o-u future relation's." The doubt I have previously ex pressed as to 'the Prince of Wales' go ing so far afield as the United SaLes next ye'ar has, however, tio be repeated1; but the pO'Sisibiility remalilns. that the Duke of York, who stands next in suc cession to the itihrOne, and who its un derstood to have given a half-pr'om Use to go in 1899 to Canada, may cnosis the frontier at t!hie invitaition of the United F'tiaites Presiildent. Those Who desire to esitablifeh an An'glo-American under standing and the wisest among them d"a net use the word "alli'ance" earn estly hope that such a visit. may be ar ranged, for in, the existing Condition of the feeling between the two countries It would be most popular on both sides of the Atlantic. JOT A MUSICIAN. Cleveland Plain DeaS'er. " "Mamma," said an -S-iyiear-oW South Sfde miaDdC'n "has Un'cile George g-one to heave.n?" "I hope so, d'eiaT," repWed im'amma. "And he will play on the harp?" "Why ,we are .aught that the good people who go to heaven will play on harps, my tihiild." . f;hp !tplrini'rii!'f Jnfanif miho c-r.nfp "Well, 'twont toe ho s-ood." she" scornfully isai'.d. 'lOouDn Willie' says Uncle George couldnt even play a jewshairp for sihiucks." The Kief S Java reports an absitr'act Of the "official t'Jatistics cf health in Russian cities fcr the year 1897. The number of sick in that year 'is reported to have been 36,000,000. The number of deaths was larger thanin any other counitty in proportion to Ith'a pcpula ticn. In some cities as in Oharson, A?tra"chan and Saratow there were more teick than, sound inhabitants. A LUNATIC FIFTY YEARS AGO. ENGLISH ROYALTY IN AMERICA. IThe Cfoataoaa ofaVi;,si!t From? fche Prince of Wales and.'tlhe rSe Ixrtd,on off Birmingha-m Pot. ' - Theconflrmatioin waiidhJ hwg now "1xu,e xnis ctoJumn nearlv six weeks siilnce, a"s to ,h LxSfi? from the Prince of Wales, iis e-peeially Adventure of. a. Merchant in the rays When Insane People Were Chained Up. ' Within the memory of pieople now- living lunatics and weak-minded peo ple in country districts were confined in the houses of their relatives, some times Chained to the wall. A story in volving a case of this kind fifty years ago sits relalted by a N'aw York mer chant. He m'ade his sitart in life by traveling through the country districts of Penn sylvunia taking orders for and deliv ering goods of various kinds from the cities. He is now over 70 yeairs of age. "One fine afternoon," he said, "I call ed at a farmhou.se to look for orders for goods from, stores in Philadelphia and knocked alt the door. A voire said 'Come in, and I pressed the ia'tc'h and found myself in the kitchen of the house. I was confronted by a strange looking man, unkempt and unshorn, who came forward from a place parti tioned off from the rest of the kitchen, whilbh looked like a stall of some kind. He told me. that the master of the house was not in and that he was the only person theie just then. I had no idea that I was talking to a lunatic, as !ihe man seemed perfectly rational in spite of his strange appearance, and before. I started to go out I asked for a drink of water. " 'Ceuta-l'nly,' paid The man, 'but if j you have no bbjec!tion to cream you can Wave it.' J "I accep'teVs the proposal with thanks, and t'ljie man said: 'Please hand me t'he key of the dairy'- It is on that nail above the door and you are taller .than I.' Without suspecting anything I handed him the key, re marking "thait iit was a very small one. He instantly brought into view a chain by iwhic'h he was secured to the Avail and released him-elf by unlocking the padlock in less time than it takes me to -tell it. I had previously noticed t!ha.t he kept his hands behind bils "cack while "he talked. Then I realized that I was in the presence of a madman I began to back to "the door, but he caught my arm, slaying: 'Come with me for the cream.' "I first thought of breaking away, but on second thought decided ihhat it was safer to hurricr .Mm for a little, es pecially as he 'was between me and the d'oor. I wenlt with hOrh to the dairy the door of which was open. There . he filled a bowl w J;h cream and desired me to drink it. I drank part of itand made a move JUo get away, but his gr'asp tightened., and mieutteiring seme thing about 'cream not being solid enough' he brought me oack to the kitchien, where he stirred some kind of meal into the cream and handing me a spoon tipM me to sup i'L I hesitated, when he seized a cudgel, which; I sup pose 'had been provided to keep him in subject on and holding iit up menac-Cn-gly. said: 'Sup it.' "I made an attempt to eat this stuff and after lOaising a few mou.thfuls said I had enough. He raised the cud gel aiga.ih and ordered me to finish it. A happy thought struck me. " 'If you bring me more cream I can finish it,' I said, without daring to look around at the door, as he was watch ing me. "The madman was taken off his guard and went back to the dairy for the cream. I immediately dairted out, the luna.'tic h'eairing me open the door, J came after ml? with 4he cudgel. It was now a race for life with m,e. I ran my very hardest, not even daring to use my breath, for shout ng for help, but afteir I had gone about a quarter of a mli.l'e I saiW that the lunatic was galining on me. Not a soul could I see along the road, and though I kept my wits about me, I could net find any lane or think of any way of doubling on my pursuer. When h'e was wBthin about twenty yards of me, L,saw he wa bound to; overtake me, and I gave a cry fcr help. Juiit at that moment several men appeared. They came in time b intercept the lunat e. Oaf nf them happened ky be his brother andJ .me maia-man cowered "and dropped the cudgel alt slight. of him. The brother apologized tio me for his carelessitess and invited me to ine'tum talck to the house and' get scime refreshment, but I had enough icf 'it and declined the in vitation. Af t;t(r that while 1 continued at that business I was always chary of entering a house whef e there was only a single occupant.'' - Sale of Real Estate. By virtue of a judgment- of the Su perior Court of Wake county rendered at February Term, 1899, in an action entitled W. W. Vass, Executor, vs..D. G. Conn, et al., I will, as commissioner appointed by the court, sell at public auction to the highest bidder for cash at the court house door of Wake coun ty, Raleigh, N. C, on Monday, April 24th, 1899, at 12 o'clock m., a lot or par cel of land with "Improvements, begin ning at the intersection of Salisbury street with the northern line of Jones street, in the city of Raleigh, runs thence nonrth with Salisbury street 52 feet to J. H. Beckham's lot; thence west with the line 105 feet to Jonas Matthews' line; thence south his line 52 fet to Jones street; thence east with Jones street 10S feet to the begin ning, being part of lot No. 24 in the plan of the city of Raleigh. W. N. JONES, Commissioner. Sale of Land. By authority of a judgment of the Superior Court of Wake county, ren dered at February Term, 1899. in an action entitled W. W. Vass,, Executor, vs. H. T. Jones et al., as commissioner appointed by the court, I will expose to sale at pulblic auction to the highest: bidder, for cash, at the court house doOr of Wake county, Raleigh, N. C, on Monday, April 2th, 1899k at 12 o clock m., a tract of land in Wake Forest town ship, adjoining 'the lands of A. R. Vann, D. D. Gill, and others, which begins at an elm on the road leading from Walker's X Roads to the Powell road. thence south IVid W., 87 poGes to a pine stump; tnence s. ssid E., 178 poles to a stake on Forestville road; thence N. 5d W., 72 3-5 poles to where Forest ville road crosses Powell road; thence along the road N., 85d W.. 170 poles to the beginning, containing S7 acres more or less. W. N. JONES, Commissioner. Notice of Sale. By authority of a judgment of the Superior Court of Wake county, ren dered at February' Term, 1S99 in an ac tion entitled v. W. Vass, Executor, vs. N. B. Jones and others, I will, as com missioner appointed by the court, sell at public auction to the highest bid der for cash, at the court houe door of Wake county, Raleigh, N. C, on Monday, April 24th, 1899, at 12 o'clock m., a tiaet or lot of land in it-he tow-n of Apex, N. C, beginning at :a stake in Gray Jones' line; runs N. 21 -poles ana 21 links; thence West 17 poles and 14 links; thence N. 12 degrees W. 13 poles and 6 links, to J. H. Norris' line;; thence S. 66 degrees E. 77 poles to a stake; thence west to the beginning, containing 3 acres, 2- roods and 6 poles, more or less, and being same land con veyed to N. B. Jones by G. Jones by deed recorded in Book 6S, . page 534, Resist eir's office of Wake county. .W. N. JCXNES, Commissioner. in kill Hi Expert Engineers and Machinists Raleigii, N. C. We 4 do all kinds of repair work in first-class manner and on short notice. Plans and estimates furnished on ap plication. Valves, pipes and fittings always on hand. i!il!:l!ilu1iiiIiiIiijiinliulnanitnlKla1mraln!i;rlmjmlrflmji!f.5 J Proof! It is an easy matter to claim that a remedj has wonderful g curative power. The manu- facturers of I Rheumacide f leave it to those who have I been permanently and posi- g tively cured of I Rheumatism J to make claims. Among those g who have recently written us voluntarily letters saying thev I have been cured 'are: Rev. J. I L. Foster, Raleigh, N. C; Mr. J. E. Robinson, Editor, Golds- f boro, N. C, Daily Argus ; Ar. g A. Daus, a prominent mer- f chant, Macon, Ga., and Mr. "f W. R. Duke, a railroad man, . Kansas City, Mo. Rheumacide Will Cure You. Manufactured by I THE B0BB1TT DRUG CO., RalelQh, N. C. I Sold by druggists generally. f PRICE, $1.00 PER BOTTLE. -r, T T T T ---3: Merchant j g AND DEALER IN I F,NE COTHES, CASSLHERS AND GENTS' FURMcmu I . . ...OF ALL klNDS... FURN,S"'NQS TO i g 106 South Elm Street. Greensboro, N. c. t Samples Sent on Application. tf i1iiiIiiiniltnliiuc:iiliniiiiiij!uMiiDinlnipntmIniiilmintir NO OPENING DAYS-S- BUT Fashionable MILLINERY EVERY DAY! This week will wiiness the arrival of the choicest line of MILLINERY GOODS ever displayed in Raleigh, ana me puonc is cordially invited to can at our store and inspect the same. I have just returned from New York. ana seiectea tne Dest the market con tained. ' Remember, we sell Millinery all the time, and our facilities for supplying your needs is not limited to a stock selected to sell within one or two months. Very respectfully, MISS MAGGIE REECE. R.T899! THE COMIN-G BOAT RACE. Philadelphia. Record. . Roth challenger and defender In the America cup races nexit fall will be out-and-oult metat's (bciaits, with siteel fraimes and bronze plaices, and masts diiu .ne-avy spar of sffeel. When a cu!t (tter yathit of but ninety fetelt load waiter line is diseiignied ito clairry over 12,000 squ'are fecit of canvas, itihe mere sitaite menit of such, a condition praio't'ically el'imihaltes wocd from ithe material of consitru'citiion. ' Aluminium, too. has be'en rejected tas lacking in streniglth and de ficient in dunaMTiity;. and, n fact, the chief differences beitween the Con'tesiting boaits will be found in matbters of equip -ment and minor ' d'eiUai'.l. Under such condi'tionis ' Itlhtere should . be a mighty close contest in each of 'this races, with the chances favxxring the cleverest ee& jockeys ' - NOW FO We are indebted to our friends for a most flat tering business for the past year, but we are going in for a still better business for 1899. Besides a large and varied assortment of School BookSc To meet the demands of the private and public schools in Raleigh and over the state, we shall carry constantly in stock A full and complete line of OFFICE S0PPUES, BLANK BOOKS, STATIONERY, ETC And shall make it to the buyers' interest to get our prices before buying elsewhere. Correspon dence solicited. Alfred Williams & Co. KranicI: New Styles. Bad New Catalogue. "Kranich & Bach, the distinguished piano makers, have issued a new cata- lToffSa;n"tou;9p- Bav 1 a T caretal manno-The ,iterary ge "-aoove those commonly found In piano catalogues." . en or one, you can get it for the asking from the State agents. Thomas Peace Institute RALEIGH, N. C. One of the celebrated Female Schools of the South noted for its advanced and thorough cous in n departments of Female Education, for tl hi Q soaal standing oT its pupils and for the le, nt manners and superior culture of its graduate it courses equal those of our regular male colW Excellent buildings, beautiful grounds. ' Session begins September H 1898 ?biyS thC Cheapest Catalogue' and fuU particulars, address the Prindpal, James Dinwiddie, M. A. (of the UniTersity of Virginia) ' rtnolpal, The Keeley Institute TOR THS CUBE OF THE liquorOpium, Cocaine and Other Drug Addictions Nerve Bxhausticn and the Tobacco Habit . GREENSBORO. M. o j ThlM ! th -rr Eeeley Inatltute In North Carolina, and owlnf to It, W,. tlfd and heAlty location. Its elegant bulldlnes and attrti. ,. lU well-upplled xable anl .kllful management. It pr..enti to th. xoaitJl mr . wi xtu cumpieie restoration. If you have a fclmd ainicted with any of the above dlcUona. writ, tm their Illustrated Eand-book. entitled "THE HEW. MAN." AddreM rvtie Keeley Institute, Greensboro H C. 0 I EASTER & (9 6 oROCERIE season of Finest Quality, Greatest Variety, 2 Which we want youto enjoy. After th; fa . iisn and ecrp-s enmps i 7 TIN E N. d. HAMS, PICKLES, SAUCES, AND CANNED GOODS OF THE FINEST FLAVORS. 1 - 1 1 i r-i 63 a we aiso nave Dcaui rui decorated candles 7m j. R, Per rail & Co., I 222 Fayettevillc Street. $ g) Both Phones 88. & 69 & THE MANUFACTURERS OF Crescent Bicycles Make it possible for you to buy an'1899 Model Hi?h Grade Wheel at the price usually asked for a second grade and makes not known. 1899-MODELS NOW READY-1899. Men's and Ladies, $35.00 Juveniles, - - 25.00 Do not overlook this point: 1899 Crescents are NOT 1898 Models. THOMAS H. BRIGGS & SONS. RALEIGH, N. C. RALEIGH, N. C. 'j-.-- - 1 s.- vX. A .; ,J . yy jr V. Jh ,M. ,l ft y A A A.., A ..,.'--' 'f- . A- f , v
The Morning Post (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 30, 1899, edition 1
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