Newspapers / Fayetteville Observer [Daily, 1896-1922] … / Feb. 6, 1896, edition 1 / Page 2
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- i ilfr18 MI1'11"11 - 1 --.. --jciiiX THE OBSERVER. FAYTTEVIliLE. N. C. THURSDAY, FEBRUARY 6, 1896. E. J. nUEiitojr and Proprietor, B. J. HALE, Jr., General Business Manager. A FORTUNATE STATE. A STRONG SPEECH. What a fortunate StatelGeorgia is, po litically, in comparison with North Caro lina ! While we were electing Messrs, Pritchard and Butler to the Senate, Geor gia was electing a straight Democrat in the person of Augustus J. .Bacon wno, by the way, will be remembered by the North Carolina delegation at the Chicago convention of '84 as the handsome and eloquent chairman of the Georgia delega tion, which sat in the next row of seats. Georgia is fortunate in another respect. We have had occasion, before this, to de plore the want of a great city in North Carolina capable of supporting such a paper as the Atlanta Constitution. That great journal reaches every hamlet in its State. It is rich enough to get news of its own, without depending upon the doctored press dispatches, or without be ing forced, as the Observer is, to tedi ously study out the truth by checking off each of a hundred or so newspapers against the others. No golcl has been able to buy it, and nearly all of Georgia sees the truth through its columns. The result is that the Populists have been able to make no headway' in Georgia, because Democ racy has been kept on true lines in that State., We are reminded of these two. things the Democratic-Senator- and the Demo cratic newspaper by reading in the col umns of the . paper extracts from the re markable speech which the Senator de livered, the - other day, in favor of the Senate's free coinage substitute to the House bond bill. The new Senator's treatment of the well-worn subject is so fresh and novel, as well as cogent, that we give some of his paragraphs in anoth er column. THE PRESIDENT AND MR. CARLISLE. We observe , a quotation in. some of our contemporaries from the "Silver Knight" in which the New, York World vis taken seriously in its sarcastic treatment of the relations between the President and the Secretary, of the, Treasury. Our Hertford correspondent, in his last letter, if we did not mistake, , his meaning, fell into the tame error. This is the "Silver Knight's" quotations from the World: "Mr. Carlisle's management of the bond transactions has been from the first in the interest of the syndicates and the bis bankers and against the interests of the government and people. It is so yet.' "The, President has once interfered to check this tendency and to reverse Mr. Carlisle's ppUcy. There is yet time for him to interfere again and effectively. VHe ihas prevented ; the secretary from secretly, spiling the bonds to a . syndicate on a Wut tbo. oasis'; of last year's scanda lous transaction. ' "In his report of December 19, 1893. re iterated in his report of December. 1894. Mr. Carlisle pointed out that the 4 per cents of 1907 were selling in the open market at a priciclr made them yield1 less than 3 icCentV(to investors. Taking this as the measure 01 tna government's credit he de clared that 3 per cents, having only five years to run could be readily: sold at par in our, 4 own . country. Up tnirty-year 4 per cents, were worth well above 120. - "Yet within two, months after the report was written jar. Carlisle secretly sold i 01-- iDiriy-year . per cents, to a Wall; street syndicate, at , 1041 ; He., gave the, syndicate twelve or fifteen million dol lars of the people's money, and discredited the government by himself making this sale at a rate which: mean far less than nar for five-year 6 per cents. p Wyl -. I .I;vhlA Axnlanation "is in ere buy wuw . r ... -. - ijrii-.. ,u:l. ia nnf isc real ta or inis irauBacM"" wu!" , 1 A A I t! . M mm mr Die iO lUO OOClOiaij - . . ir eiimild : intArfere acram and at once. He should direct an immed iate withdrawal of the;blind.bid cal and mm M a 1 w a m m w A Oil n J! . mm. - At rna iiiiiiiix u u 1 oraer a aireci tm.c i . ... t. - RA n A nrnnpr Dfice. WltU comers t -. - . open subscriptions, upon the principle of first come nrst seryea. : . u,. Wxrl.l vaq lashincr the 1 11 ; i'.iiii rxn. luo . nw, - President over Mr. Carlisle's shoulders. The World is a goldbug, paper, but it is not a fool, by a long reach. . ', Senator Bacon on the Insufficiency of Gold. From the beginning of civilization, the nations have been striving to develop gold "-. ' a. i j i 1 - and silver mining m tneir lemwncs . in order to secure the blessings of abundant currency for the i use and stimulation of trade. That is to say, untu 1073. re citing the well-known facts of the insuf ficiency of the gold stock of the world to supply the needs 0 business, the new Senator from Georgia, in his great speech on the Senate free coinage substitute, de livered on the 27th of January, said, among other things: The testimony thus piled up in sup port of this proposition finds its mdis nn table. confirmation in the financial con ditions of the leadins: nations of the world. It cannot be said that any one nation has more than a sufficiency of gold. It, there fore, any one of the nations has an insufr ficiency to supply its needs, to procure such sufficiency would require that the amount needed for this purpose should be. taken from some other nation. To do so would necessarily leave the nation from which it was taken with a corresponding insufficiency. Thus it would necessarily result that to fill the treasury of one na tion with needed gold would require that the treasury of another should be emptied of gold for the purpose. 44 What are the facts as to the supply of gold held by the leading nations? The United States and all of the leading gov ernments of Europe are trying to Tioard gold. The fearful cost at which this gov- ernment is enueavonng w Jtccp wmi it considers a safe ambunt to enable it to maintain the gold basis leaves no room for question that our own supply of gold is woefully inadequate for this purpose. While tniS IS SO, it is iuiiuchuuic u. must, remarkable fact that of all the six great powers of Europe only two of them, Eng land, and Germany, are on a gold specie paying basis. It is a reasonable state ment tnat eitner one 01 inese govern ments, ii it could command the requisite supply if gold to safely undertake it, would certainly make gold specie pay ments of its obligations; and. yet in spite of great hoards of gold in their treasuries, their knowledge of the undoubted fact that there is not sufficient of it to go around if payments are undertaken in it, keeps every leading power of Europe, ex cepting only England and Germany, in a condition of suspended gold payments, and practically upon a paper or silver oasis. "The government of the United States, while paying gold, does so only by con tinually borrowing, at a ruinous .cost, gold which she would otherwise not have gold which belongs to others and which must be returned. And even with this continual borrowing, if one-fourth of her demand obligations were presented for payment she would be; compelled to sus pend gold payments. ;V. She, : f too, then , must be put down in the clasn which has not enough ot gold to maintain gold specie payments. V - ; : , : r : .MM . - . . . . . - ' . ' , "Ano tnus it is; nac among me seven great powers of the ear?th, viz ": the United States, Great; Britain;. France, permany, Austria, Russia and, Italy, there are only two, Great Britain and i Germany; which J-1 ! . . f 1 . eaca nas me, .sumqiency ... oif goia, m.ner own right, to enable her to maintain gold payments. This remarkable fact is.not due to the poverty of either of these great powers, but solely to the insufficiency of the gold supply in the world, for each of these powerful nations is rich jn resources and in products. j T "Another most remarkable fact in this connection is that while3 of these seven great powers only two of them have a sufficiency of gold, it is at the same time nevertheless true that these seven nations have in the aggregate more than three- 'c t, i . thelwhole world. aa r tii worm, is mciu m amounts by a number of lesser powers, t. TWr-i Rlsriiim: Sweedeu, etc. No one of them, with few exceptions, has exceeding $40,000,000, and most of them have muchless than this amount. It is a fact of momentous significance that these seven great powers, Tich in every material resource and controlling the bus in and commerce of the world, after twenty 5 ears in which : they have gath- ereu wiiam men uuiuwaiuwv - rri,c nf all the cold of all the world, IV t w . - L find itutterly inadequate to maintain one- third of them upon a gold specie pay ing basis." Southern Pines an Example for Cumberland. . Correspondence of the Observer.). ' Southern Pines, N. u., Feb. z. In my last I told you I would write more of the Yankee towns in Moore conntv, so I will have first to say more of this place. Ten years ago Southern Fines meant noth- mg Out llllie iUMumuauk stouuu uu iud Sfts hoard Air Line in Moore county. But to-day it is known throughout North and . . ... . boutn as a neaitn resort and a rruit grow iner section. And the town has a popu'la tlon of over one thousand, mostly north ern people of culture and wealth, and in ten years the fruit in this vicinity in grapes and peaches, have grown from 10 anres m 1885 to 2,100 acres in 1895, and the town bas five large hotels, the Ozone, the Pros pect, the Central, the Southern F.nes and the Bigriney Woods Inn. One or the pret tiest sights in. this vicinity, last fall, was the Van Lindlov orchard, 360 acres in peach trees, and last year the crop was abundant and prices good, and the owner realized a profit of twelve thousand dol lars ou his orchard. And when I tell you of Pineburst, Mr. Tuffs estate, it almost sounds like a fairy tale. A few months ago the place was a sand hill pine grove, now it is a oeautitui town. 1 nave never . . m m ki t seen anytniner so neriect: tne pian was drawn by the finest landscape artists in the world, Olmstead, Olmstead on blliott, and Mr. Tufts is absolutely carrying out the plan to perfection. His systems of Water Works. Sewerage and Electric Lights are - , - A . . grand. His two hotels are beautiful, and of the one hundred bouses under construc tion, it is hard to say which is the prettiest. His streets are all macadamized. with clay, and his parks, especially his deer park, are fine; and his lake now under construction, will cost, when completed, about twenty- five thousand dollars. His electric rail road between Pinehust and Southern Pines, seven miles long, helps to add to the immensity of hi3 estate. Koseland is anoth er town on the Moore County, railroad un der construction, and as the Company, like Mr. Tufts, has several thousand acres of land, it is bard to even imagine the bright future before it. While J write a feel insr of regret comes over me when I think of the thousands of acres of uncultivated land near Fayetteville in 71st township waiting for development. Yes, waiting for au enterprising man with vim and de termination like J. T. Patrick here to get it up and to get nortnern people to come and look at it, to try it; that's all it needs, a trial, the land is better than here. The railroad facilities are better by Coast Line and C P. & Y." V. and Southern. Tne tide of immigration is turned from West to South, and I know no better location for a colony than 71st. I know the low bog sec tion of Columbus county where the west ern colony is, and I agree with Mr. Smith in all he said in your paper of the advan tages of 71st, its soil, its climate, and where chills are unknown, and quinine is not sold. . - - J. O. JusUce Walter Clark. : r Got. Holt Wouldn't Refuse the nomination u . Tendered It Alamance GIeaner..l The Charlotte ; Observer stated a few days ago that Col. Julian S. Carr and ex Gov.' Holt were out of the race for Cover nor. Amentthis tne Reid&ville Review says Col. J. S. Carr is not a candidate in the sense of seeking the nomination that he will neither run after nor. run from the nomination. The Qleanor has it pretty straight that Gov. Holt, occupies a similar position that he will not run alftwahe nomination nor run from it, but if noihi nated and elected will .serve the people to the best of his ability, which means, judg ing by the past, that the State will have a Governor not surpassed by any who have held that honorable position. Wouldn't ex-Gov. Holt for the first place'and Col. Carr for the second place make a strong team! Then Col. Carr for the first place next time. , . . 'neighborly. From the N. C. Baptist. Fayetteville again, has a daily the "Fayetteville Observer," under ' the same management as the weekly. It is a clean, neat, newsy four column evening paper, $3,00 a year, and made its - appearance Saturday Feb. 1st. We welcome the new venture with pleasure, and wish it a long life and much prosperity. J.i I IBCfflSOi WILMINGTON, N. C, -4- HAS NOW IN STOCK A COMPLETE ASSORTMENT OF TINWARE, Agricultural Implements, Cutlery, Guns. Pistols. Powder, Shot, Caps, Loaded and Unloaded Shells, &c. IN PACT, THE PRUDENT BUYER, WHO ! ALWAYS WANTS THE Best Goofls ar the Lowest Prices WILL FIND JUST WHAT HE WANTS IN OUR LARGE VARIETZ AND ASSORTMENT. DON'T FORGET THAT OUR LEAD- : ING- POINTS ARE QUALITY, DURABILITY RELIABILITY AND HONEST PRICES. CALL AND EXAMINE OUR IMMENSE STOCK. , Robeson ian, 5th. - ' ' It may not be amiss for gabernatorial candidates of whatever name to keep an eye single on Justice Walter Clark. Since Col. Jttie Carr has declined to be a candidate, we are of the opinion tbat.no other man could poll ro heavy a vote as Walter -Clark. He has always been one ot those fortunate individuals who was never held to a strict account for the po litieal views which he held and promul gated and upon whose shoulders the party lash has but precious little effect;, many of those who disagree in (otolith him in his financial aud economic views will do him the justice to say that in their opinion he would make the- best governor the State has ever had, and if the contest were be tween him and any Republican in the State upon the merits of the men, Clark would most assuredly bp electee). J. W. MUROHISON, Old Stand of Giles & Murchison. Orton Build ing, Wilmington, N. C. Beaver Creek id Bluff Hills, . H. W. Lillj, Preaident, : OFFICE FAYETTEVILLE, N. C, Manufacturers of "Lake George' A A 4-4 - Sheeting, Cotton Yarn and Batting. Paporo for Sale. Hid papers for sale at th Obakrvtcr Office at 20 cents per hundred. Pain 8 in the back and -eroms sunnressed and highly colored urine and All kidney and blood. troubles quickly relieved by Johnson's Kidney, and Liver Regulator. 25 and to cts. For sale by King Bros., Fayetteville,' N. C. 4 I am cured since taking Hood'a Sarsapa- rilla," is what many thousand' are saying. It gives renewed vitality and vigor. ; 1
Fayetteville Observer [Daily, 1896-1922] (Fayetteville, N.C.)
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