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i m T rrrrrr m ..-.it. i The LaW and Gold and Silver Priries To the Editor of The World: In view of the fact that there was no fixed mint price of silver under either the Bland-Allison or the Sherman act, and as free coinage of silver must necessarily be accompanied by a fixed mint price, how does the fall in the price of silver under those acts show that free coinage will not sustain the price fixed by the free coinage law? ' . Under free coinage of silver at the ratio of .15.988 to 1 (commonly spoken of as 1C to 1) the fixed mint price will be $1 for each 371i grains of pure silver. So long as the mint pays that price for all silver brought to it (as it now pays $20.67 for all gold brought), how can the market price of silver fall below the mint price? With a fixed mint price of silver do you think anv owner of silvor bullion would take less for his silver than the mint offers? Do not free and unlimited coinage of silver and the necessary fixed mint price create an unlimited demand for the limited sup ply at the fixed mint price? Under free coinage of silver at 16 to 1 the fixed mint price of pure silver will be $1 for 3711 grains, or $1 for 412 grains of standard silver. In that case the silver dollar will contain an amount of silver for which the mint has paid $1, won't it? And if that dollar is melted down without loss of metal the mint will again pay $1 for the bullion. So the melting-pot test will hold good of the silver dollar under free coin age, won't it? In a letter that I received from Secre tary John G. Carlisle, written on June 2, 18U6, he said: "Whenever there is a coin age of gold there must necessarily be a mint price of gold. Free coinage and a mint price are inseparable, since without such a fixed mint price uniformity in the coinage would be impossible." Does it not follow from this that it is law that makes the gold coinage uniform? In the same letter Mr. Carlisle said: "The price of gold and the value of gold are entirely different things. The price does not vary, but the value is always varying. There is no invariable standard of value, and there never was." In view of this, what becomes of the anti-silver argument that gold is stable, that its value is non-variable and that it is an in variable standard of value? In the same letter Mr. Carlisle said: "Congress may fix the price or number of dollars to be coined out of an ounce of gold, but it cannot fix the value of the $20.67 when coined that is, it cannot fix the price of an ounce of gold in commodi ties.7' What then becomes of the anti silver argument that Congress cannot fix tho value of the silver dollars when coined and cannot fix their purchasing power? William G. Eggleston. Helena, Mo., July 28. What Watson Sayi. "The delegates to the St. Louis conven tion met the. Democrats half way, and now we ask the Democrats of Georgia to meet us halfway." "We must cut loose from .Eastern and Northern connections and allign ourselves with the great West." "After the Chicago convention the great leaders winked at each other and said to themselves : ' We have caught the bear.' " ' . "After the St. Louis convention there wasn't one who dared to wink and swear that the bear hadn't caught him." "We want to be fair. When you ask us to give our support to Sewall from the rigorous regions of Maine we must most respectfully decline. I say we cannot vote for him and you ought not to." "My God, hasnt't the South played sec ond fiddle long enough ?" "We are not going to put out any nom inee against Mr. Bryan. We are going to vote for him, whether you take Sewall down or not. I am going to try to get every vote for Bryan whether Watson goes down in defeat or not." "Let Bryan have every vote youv'e got. Let Senator Jones insult you at his pleas ure. Think of your country, and what the result of McKinleyism means, and may God Almighty take care of you and your party." What foolish talk ! No one votes for Bryan. The Constitution requires that Hectors be voted for. So if there be two sets of Bryan Electors in a State North Carolina, for example where the Demo crats are not in a majority, the Republi can Electors will probably win. tary Academy Mill !. FAYEtl'EVILLfl; n. c. In'dbrsed by jprpminent educators and pa trons from every section of our State. Not a single case of sickness since its foundation. No superior work done anywhere. Number of boarders limited. Individuality of the student constantly kept in view. Discipline is strict but parental. Buildings are of brick, spacious, complete. Halls broad, rooms light and well ventilated. Next session begins September 2nd, 1896. Write for Catalogue. Col. T. J. DREWRY, C. E., Principal. TRINITY COLLEGE, DURHAM, N. C. Trinity offers courses in Mathematics, Phi losophy, Latin Greek, German, French, Eng lish, History, Political Science, Political Econ omy, Social Science, Chemistry, Astronomy, Mineralogy, Geology, Physics, Biology and Bible. Beautiful .Location, Heat Educational En vironments and Thorough Inittruction. $171 to $220 pays all College expenses per year. Next Session opens September 9, 1896. For Catalogue, address JOHN C. KILUO, July 2, 1890. President. NORTH CAROLINA COLLEGE OF AGRICULTURE and MECHANIC ARTS. This College offers thorough courses in Ag riculture, Mechanical, Civil and Electrical Elgineering, and in Science. General aca demic studies supplement all these technical courses. EXPENSES PER SESSION, INCLUDING BOARD : For County Students, - - $ 01 OO For all Other Students, - - 131 OO Apply for Catalogues to ALEXANDER Q. HOLLADAY, President. Raleigh, N. C. $8.50 per Month $6.00 per Month Board, &c, in School. Board, &c, in Club. TURLINGTON INSTITUTE. Military Board School, English, Scientific, Commercial, Mathematical, Classical. Board, Washing, &c, and Tuition for 10 mos. $90 to $132. 10 YEARS OLD. 177 PUPILS. Write for catalogue. IRA T. TURLINGTON, Principal, July 10, '96 5t Smithfield, N. C. State Normal and Industrial School, Departments well equipped. 27 teachers. 444 regular students, besides practice school of 97 pupils. 930 matriculates since its open ing in 1892. 93 of the 96 counties represent ed. Competitive examination at county seat August 1st, to fill free-tuition vacancies in dormitories. Application should be made be fore July 20th to enter the examination. No free tuition except to applicants signing a pledge to become teachers. Annual expenses of free-tuition students boarding in dormito ries, $90; tuition-paying students, $130. Address PRESIDENT CHARLES D. McIVER. Greensboro, N. C. Academy and College Cape Fear & Yadkin Valley Railway JOHN GILL, RECEIVER. CONDENSED SCHEDULE. In Eflect Apiil 13th. 1896. KORTH BOUND. Leave Wilmington, 7:25 a ra Arrive Fayetteville, 10:35 " Leave Fayetteville, 10:55 " Leave Fayetteville Junction, 11:05 " Leave Sanford, 12:22 p m Leave Climax, 2:25 " Arrive Greensboro, 2:56 " Leave Greensboro, 3:05 " Leave Stokesdale, 3:59 " Arrive Walnut Cove, 4:31 " Leave Walnut Cove, 4:38 41 Leave Rural Hall, 5:17 Arrive Mt. Airy, . . 6:45 " SOUTH BOUND. No. 1, Daily. Leave Mt. Airy, ' 9:35 a m Leave Bural Hall, 11:05 " Arrive Walnut Cove, ll;35 Leave Walnat Cove, n:45 Leave Stokesdale, 12:12 p m Arrive Greensboro, 12:58 Leave Greensboro, 1:03 Leave Climax, i:32 Leave Sanford, 3:19 Arrive Fayetteville Junction, 4:30 " Arrive Fayetteville, 4:33 " Leave Eayetteville, 4:45 Arrive Wilmington, ' 7:55 NORTH BOUND. No. 4 , Daily Leave Bennettsville, 8 45 a. m Arrive Maxton, 9:45 Leave Maxton, 9:50 44 Leave Red Springs, 10:12 41 Leave Hope Mills, 10:45 Arrive Fayetteville', 10:59 SOUTH BOUND. No. 3, Daily Leave Fayetteville, 4:4' p. m. Leave Hope Mills, 4:53 44 Leave Red Springe, 5:42 44 Arrive Maxton, 6:12 44 Leave Maxton, 6:13 44 Arrive Bennettsville. 7:20 44 ORTH BOUND. No. 16. Mixed, Daily Except Sunda y Leave Ramseur, Leave Climax, Arrive Gresnsboro, Leave Greensboro, Leave Stokesdale, Arrive Madison 6:45 a. B 8:35 44 9:20 44 9:35 44 10:50 44 11:50 44 SOUTH BOUND. No. 15, Mixed, Except Sunda Leave Madison, Leave Stokesdale, Arrive Greensboro, Leave Greensboro, Leave Climax, Arrive Ramseur,' 12:25 p. m 1:28 44 2:35 44 3:10 44 4:05 44 5:50 44 NORTH BOUND CONNECTIONS. at Fayetteville with Atlantic Coaat Line ior all points North and East, at Sanford with the Seaboard Air Line, at Greensboro with the Southern Railway Company, at Walnut Cove with the Norfolk & Western Railroad for Winston-Salem. SOUTH BOUND CONNECTIONS at Walnut Cove with the Norfolk & Western Rail road for Roanoke and points North and .West, at Oreensboro with the Southern Railway Company for Raleigh, Richmond and all points North and East, at Fayetteville with the Atlantic Coast Line for all points South, at Maxton with the Seaboard Air Line for Charlotte, Atlanta and all points South and Southwest. W. E. KYLE, General Passenger Agent. J. W. FRY, General Manager. ' RAEFORD INSTITUTE. For nearly 100 years this institution for the higher education of vounsr women has occu pied the very front rank, and was never more I numerouslv attended than now. it is not I only provided with a high-grade College Course, but has experts in all of its special schools of Music, Art, Elocution, Commercial and Industrial Studies. We will be pleased to send catalogue on application. Term be gins September 3d. JOHN H. CLE WELL, Principal, Salem, North Carolina. The fae limila si Future of The second year of this school will open September 2nd, 1896, under the management of Maj. M. McR. McLauchlin, of Cheraw, S. C. In high school department there are two courses classical and business. Competent teachers ior art, vocal and in strumental music. For particulars send for circular or write to DR. A. P. DICKSON, President Board Trustees, July 23, 1896 5t ' Vollers, N. C. Wilfflington&VeldonaRs AND FLORENCE RAILROAD Condensed Schedule. TRAINS GOING SOUTH. DATED Jan. 27, 1895, A as O aS I 6 A. M. P. M. ...... A. M. Leave Weldon.. 11 53 9 27 Ar. Rocky Mount 12 57 10 20 Leave Tarboro.. 12 20 Lv Rocky Mount 1 05 Leave Wilson... 2 03 Leav Selma 2 53 Lv. Fayetteville 4 3) Arrive Florence 7 15 10 20 6 00 11 03 d - 12 53 3 00 O aJ V. M. A. M. Leave Wilson... 2 08 6 35 Leave Goldboro. 2 55 7 20 Leave Magnolia. 4 02. 829 Ar. Wilmington. 5 30 10 00 P. M A M. TRAINS GOING NORTH. DATED Jan. 27, 1895. Leave Florence Lv. Fayetteville Leave Selma.... Arrive Wilson.. 1 20 Leave Tarboro. . 2 48 P. M. OO O 3 A M. P. M. 8 15 7 15 10 55 9 19 12 32 11 15 A. M. Lv. Wilmington. 9 20 Leave Magnolia. Leave Goldsboro Arrive Wilson.. P. M. 7 00 10 56 8 31 12 05 940 1 00 10 27 JS co 63 03 fcQ ESQ P. M. P M. P. Af" Leave Wilson... Ar Rocly Mount 1 30 11 20 10 32 2 33 12 02 11 15 Arrive Tarboro. 2 48 Lv Rocky Mount 2 33 12 02 ... Arrive Weldon.. 3 48 12 54 P. M. A. M. P. M. . tDaily except Monday t Daily except Sunday frain on the Scotland Neck Branch Road leaves Weldon 3:48 P M, Halifax 4:05 P M, arrives Scot land Neck at 4:55 P M. Greenville 6:37 PM., Kin Bton 7:35 P M. Returning, leaves Kinston 7:20 A M Greenville 8:22 A M. Arriving Halifax at 10:55 A M. Weldon 11.20 A M, daily except Sunday. Ti ains on Washington Branch leave Washington 7:00 A. M., arrives Parmele 8:40 A. M., Tarboro 9:50 A M; returning leaves Tarboro 4:50 P M, Parmele 6:10 P. M., arrives Washington 7:35 P. M. Daily except Sunday. Connects with trains on Scotland Neck Branch. Train leaves Tarboro, N C, daily except Sunday at 5:00 P M, Sunday 3:00 P M; arrives Plymouth 9:00 P M, 5:25 P M. Returning leaves Plymouth daily, except Sunday, 6:00 A M, Sunday 9:30 A M, arrive Tarboro 10:25 A M, and 11:45 A M. Train on Midland N C Branch leaves Goldsboio daily except Sunday, 6:05 A M, arriving Smithfield 7:30 AM. Returning, leaves S-uithtield 8 00 A. M; arrive Goldsboro 9:30 A M. Train on Nashville Branch leaves Rocky Muut at 4:30 P M, arrives Nashville 5:05 P M, Spring Hope 5:30 P M. Returning, leaves Spring Hope 8:U0 A M, Nashville 8:35 A M, arrive Rocky Mount 9:05 A M, daily, except Sunday. ! Trains on Latta Branch Florence R R leave Latta 6:40 P M; arrive Dunbar 7:50 P M. Returning leave Dunbar 6:30 A M; arrive Latta 7:50 A M. Daily except Sunday. Train on Clinton branch leaves Warsaw for Clin ton, Daily, except Sunday, at 4:10 P M. . Retaining, leaves Clinton at 7:20 A M., connecting at Warsaw with main line trains. J, R XXNLEY, JOHN 7. DIVOTS, Gen'l Manager. Gen'ISupt. T. M. EMMERSON, Traffic Manager. Pi uEi Institute for Yonno: Lalies, ItALEIGHj N. C. If you are looking for one of the very i best Female Schools, send for its illus- V t trated catalogue free. Prices low. JAS. DINWIDME, H. A., (of University of Va.)
Fayetteville Observer [Daily, 1896-1922] (Fayetteville, N.C.)
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Aug. 13, 1896, edition 1
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