BUSINESS COLLEGE III FAYETTEVILLF, I ICfi ! ICE ! ICE !
THE OBSERVER:
FA YETTE VILLE. N. C.
THURSDAY, AUGtJST 13. 18&6
E. J. HALE, Editor and Proprietor.
E. J. HALE, Jr., Business Manager.
NATIONAL DEMOCRATIC TICKET.
FOR PRESIDENT,
BRYAN, of Nebraska.
FOR VICE PRESIDENT,
SEWALL, of 'Maine.
STATE DEMOCRATIC TICKET.
THEY WILL BE ELECTED.
FOR GOVERNOR :
CYRUS B. WATSON,
of Forsyth.
for lieutenant-governor:
THOMAS W. MASON,
of Northampton.
OR SECRETARY OF STATE
CHARLES M. COOKE,
of Frank liu.
FOR STATE TREASURER:
B. F. AYCOCK,
of Wayne.
FOR STATE AUDITOR:
R. M. FURMAN,
of Buncombe.
FOR SUPERINTENDENT PUBLIC INSTRUCTION
JOHN C. SCARBOROUGH,
of Johnston.
FOR ATTORNEY-GENERAL:
F. I. OSBORNE,
of Mecklenburg.
FOR ASSOCIATE JUSTICES SUPREME COURT
A. C. AVERY,
of Burke.
GEO. H. BROWN,
ot Beaufort.
"Sixteen to One."
What does 16 to i mean ? How many
of us know ? Ask anyone your neigh
bor, yourself perhaps and note the lack
of knowledge extant. And yet in the ab
stract the matter is a simple one. It ex
presses the relative value of gold and sil
ver for coinage purposes as established by
the government. Of necessity, things
that are placed in comparison and consid
ered, measured, estimated or valued rela
tively must have a common character of
some sort. In the case of gold and silver
it is weight. One ounce of silver has
only one-sixthteenth the value of an
ounce of gold. One ounce of gold is worth
sixteen ounces of silver.
This government ratio, while arbitrary,
is based upon something which rests it
self upon the natural laws , of commerce,
the two chief conditions of which are de
mand and supply; in other words, the
legal ratio is the commercial or true ratio
modified for one technical reason or an
other to a small decimal extent.
This ratio or relative value has fluctu
ated with more or less violence since the
earliest record of its existence. It has
been affected wholly by causes which
may be grouped under the heads of sup
ply and demand. There have been tem
porary disturbances, such as affect all
merchandise, which have either raised or
lowered the ruling value of the cheaper
metal relatively to the dearer specula
tion, governmental action, or other hu
man action which suspended the work
ings of natural laws for a time. But in
the main the market has been influenced
by over or under production, by improved
methods of mining, new mechanical dis
coveries, increased transportation facili
ties, reduced freight rates, and so onthe
usual things which figure in the progress
of the world's commeice.
Within historic times the value pf sil
ver relatively to gold has greatly changed.
In antiquity local conditions governed en
tirely, there were as many values to sil-
M as there were countries. Commerce
graduallv equalized these differences.
According to the relative production o
the two metals countries appreciated or
depreciated silver. In Asia, a gold pro
ducin countrv. silver was higher in esti
mation than in Europe, of which silver
was the peculiar production. This esti
mation in Asia prevailed until within a
recent period. As late as the seventeentn
century gold and silver were equally-vai
ued in Taoan.
The earliest record of ratio is found in
scribed at Karnak. the tribute list of Thut
mosis, 1600 B. J., giving 13.33 to 1. The
Britanuica tells us that the same ratio is
shown by cuneiform inscriptions on an
cient Persian coins and that Xenophon
reported its existence 400 B. C. With the
approach ot the Christian era silver ap
nreclated with relation to eoid. In 189
B. C, b -th Greeks and Romans had
ratio of 10 to 1. Upon Csesar's return to
Rome there was a temporary relative
superabundance of gold and the tatio fell
to 7i to 1. A century later the ratio of
12i to 1 was fixed. It so remained for
nearly two centuries.
At the end of the fifteenth century the
ratio established by Spain was lOf to 1.
Half a century later, the plunder of
America being principally in gold, the
wealth of the Potosi silver mines not being
as yet known, Spain, which country then
monopolized the supplies of precious met
als, raised the legal value of gold to 13J
to 1. Another century made Portugal the
arbiter, as into its coffers flowed a stream
of gold from Brazil, Japan and the East
Indies. In 1688 for the first time appeared
the now celebrated figures 16 to 1. Then
came another change. The placers of
Brazil were exhausted, the Orient had
been fully plundered, Portugal had lost
its importance. Spain again controlled
the ratio, and in 1755, her colonial pro
duce being chiefly silver, she raised the
relative value of the white metal to 15i to
1 for Europe, allowing it to remain at the
Portuguese ratio for her American colo
nies. France had had since 1726 a ratio
of her own, I4i to 1. In 1795 she adopted
the Spanish relation 15 to 1.
Sheriff's Sale.
By virtue of several Executions in my hands
from the Superior Court of Cumberland county,
N. C., and returnable to November Term,
1896, in the following named cases, to-wit:
No. 8,031, The Atlantic National Bank vs. The
Cumberland Mills and others; No. 8,032. J. C.
Buxton, guardian, vs. Cumberland Mills; No.
8,033; The Wachovia Loan and Trust Co. vs.
Cumberland Mills, I shall expose at public
sale on the premises at Cumberland Mills the
following enumerated and described articles
of personal property levied on by me as the
property of said defendant to satisfy the afore
said Executions, and subject to said levy, to
satisfy the following additional Executions
subsequently levied by me on said propertv in
the lollowing cases: John Gill, Receiver, &c,
vs. Cumberland Mills; Same vs. Same; R. C.
Scott & Co. vs. The Cumberland Mills, and
Harvey Blair & Co. vs. Cumberland Mills.
MEMORANDUM AND SCHEDULE OF PROPERTY
LEVIED ON.
Stock of general merchandise of all kinds
whatsoever contained in the Company's store
house; store fixtures; and store accounts;
stock in process in mill; manufactured goods
consisting of plaids, denims and bags in mills
and warehouse; mill supplies of all kinds in
mills, cotton house, waste house and else
where about lot; one to two thousand pounds
of hay in barn; four mules; two 2-horse road
wagons and harness; one dump cart; one sin
gle passenger road cart; one buggy and har
ness; one saddle; one single horse farm wagon
and harness; about 150 cords pine wood on
mill yard and in woods; lot of coal on mill
yard; stock of drugs (dye stuffs) in drug room;
all tools and implements belonging to the
Company; one bay mare in stable; one second
hand 2-horse wagon.
OFFICE FURNITURE.
One Farrel & Co.'s safe: 3 desks: 2 tables: 1
letter and invoice file; 1 letter press and blot
ter Datn; b cnairs; l omce clock; 1 pair omce
scales: one No. 2 Remington type writer; 1
r i a. i ue i j . '
ivouuesier lamp, omce supplies aim stationery.
Also at the same time and rlace I shall sail
Five Bags of Coffee, levied on as the property
of the Defendant to satisfy executions in my
hands in favor of John Gill. Keceiver. vs:
Cumberland Mills.
Also. E. H. & W. J. Peck, and two other
executions in favor of Geo. D. Witt. Shnn
Company.
Place of sale: On nremises of Cumberland
Mills.
Time of sale: Thursday. 27th Auerust. at 10
o'clock a. M.
Terms: Cash.
McD. GEDDIE, Sheriff
Aug. 6, 1896. Cumberland County.
Branch of Draughon's Practical Business
College.
NASHVILLE, TENN.
PROF. H. RISHTON, one of the faculty of
this well known and most successful of South
ern Business Colleges, proposes to organize a
branch Sehool for this section of the country,
to be conducted on the same plan as the Nash
ville College, consisting of a three months
course of instruction, embracing the various
lines of Partnership, Corporation, m Lumber
Company, and Banking. Also, Draughon's
new system (taught exclusively by us) Bus
iness Forms, Correspondence, Commercial
Law, &c. This course is admitted to be so
thorough and practical that students complet
ing it will be fitted for positions in almost any
class of business. Where Penmanship and
Spelling have been neglected, special atten
tion will be oaid to remedv these serious de
fects. To the young people of both sexes,
who are desirous of qualifying themselves for
a business career, without the expense of
travelling and board in a distant city, this op
portunity of securing the same advantages
must commend itself.
Terms and full explanations by mail, or
personally at the residence of Maj. a. C. Gor-
ham, b ayetteville, N. C.
- ., . m, II II M I Ml
Red Springs Seminary,
FOR YOUNG LADIES,
Established by Fjjyetteville Presbytery,
New Buildings well equipped and adapted
to all departments of College work.
Qomplete and liberal course fully abreast of
the leading Southern Colleges for women.
Full and efficient Faculty.
Charges very moderate ($108.00 per yea
for the full College course and board).
Session opens Septomber 30, 1896.
For further information write to
REV. S. M. RANKIN,
Red Springs, N. C.
OAK RIDGE INSTITUTE
Oak Ridge, N. C.
Situated in the Piedmont section of North
Carolina, 1000 feet above sea-level (near
Greensboro). Full view of the mountains.
221 boarding students last year. Terms
moderate.
You know something of this famous school.
You ought to know more.
For beautiful catalogue, address
J. A. & M. H. HOLT,
Principals.
HORNER SCHOOL,
OXFORD, N. C.
Fall Term begins September 14th.
Apply for catalogue.
July 23, 1896 oaw3t
ENGRAVED
Wedding Invitations and Visiting Cards,
Workmanship of the Highest Quality;
Prices Moderate.
Prices and Samples sent on application.
GEORGE N. HOFFMAN,
Practical Engraver,
5 N. Strieker St.,
iaUirnore, Md.
64d-wtf
THE - P'AfETTEVILLE - ICE - COMPANY
Furnish Ice at their new quarters, Welsh
Building, Franklin Street, and at
Cook's Drug Store, Hay Street.
ICE DELIVERED AT ALL HOURS.
90
DAVIDSON COLLEGE,
DAVIDSON, N. C.
Sixtieth Year Begins Sept'r 10th.
Eleven Professors and Instructors.
' , Three Courses for Degrees.
Ample Cabinets and Laboratories.
LOCATION HEALTHFUL AND BEAUTIFUL.
Gymnasium Complete.
Terms Reasonable.
S Send for Catalogue.
J. B. SHEARER,
President.
Ridgeway High School,
FOR BOYS AND GIRLS.
The Fall session of 1896 begins August 26th.
and continues Twenty weeks.
TOTAL EXPENSES:
Tuition, $15 00 to 25 00
Board (including lights and fuel), 45 00
Washing and incidentals, 4 00
Music and uso of Instrument, lo uu
Positively no extra charges.
Endorred by the University, the Denomi
national Colleges of the State, and the lead
ing Female Colleges of the South, send for
a catalogue.
JOHN GRAHAM, Principal,
- Ridgeway, N. C.
The Clyde Steamship Co.
New York Wilmington, N.C.
-AND-
Georgetown, S. C Lines.
FROM PIER 29, EAST RIVER, NEW YORK
Located bet. Chambers and Roosevelt Sts.,
At 3 o'clock P. M
NEW YORK FOR WILMINGTON.
S. S. ONEIDA Saturday, Aug. 1st
S.S. PAWNEE, Wednesday, Aug. 5th
S. S. CROATAN Saturday, Aug. 8th
WILMINGTON FOR NEW YORK.
S. S. CKOATAN Saturday, Aug. 1st
S. S. ONEIDA Saturday, Aug. 8th
S. S. PAWNEE Wednesday, Aug 12th
WILMINGTON FOR GEORGETOWN, S. C.
S. S. ONEIDA Tuesday, Aug. 4th
S. S. PAWNEE..... Saturday, Aug. 8th
Through Bills Lading and Lowest Throuch
Rates guaranteed to and from points in North and
South Carolina.
For Freight or Passage apply to
II. G. SJXLMLIjIIONES
Superintendent,
Wilmington, N. C.
THEO G. EEE, T. M., Bowling Green, N. Y
W. P. CLYDE . CO., General Agents,
5 Bowling Green, N. Y
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