THE COLUMBIAN, B LOOMS BU RG, PA.
8
THE COLUMBIAN.
Dl.OOMSBURO. PA.
THUIWDAY.OCTOIHKU ,
EXTRACTS FROM SPEECHES OF
HON. JOHN 0. McHENRY DE
LIVERED IN CONGRESS.
From M:nnrr' Taxation Spwh, Mar y.. 19P
Tin? Constitution of the United
State gives C'onKWss full powers of
taMi'lon, mnklnif one proviso, thnt
II tjxntion nmt lc uniform with
Kii.il fnlrnrs!! tlm.tiliout tlie entire
UcUrtl Stat1. Since my flection to
(' v.-:rcH, Mr. Kpt'Hkor, I have felt
tliit I have a hlulier 1utjr to perform
to ivy roii'-tltucnts unci my country
tl rn the mere clerical one of an
v. i rliiu letters, looking after wn
'( it claim, ami departmental nffalM
tliejr may rle, all if which are
hut Incident to the oflloe and should
h; i" limpedint'' nml prompt utten
ti ii. which 1 huve faithfully tried to
Rive t'leln.
Hut with the accomplishment of
ti.ee let:ills a Cormressninn' work
.' i: t complete, lie Is employed by
the people of hi.s district a their
IJepre'-entat ie and as which he le.
f- .lies mi inte(r;il part In the affair
of i.r ;oci nu.i i t. So It become
hN s.irred duty to contribute whnt
mit executive and business ability
he tuny have to the affair of
h "- pit p!c.
F- i ?: Ii. Tirv' Taxation t--h. May V. W.
iir't'ier source of revenue I the
pot-o!iie receipt which for the
p;i'T several year have undergone
a newly deficit. Iast year the post
oriit receipts were lut $7,tKM),000
less than expenditure. Up to this
tiirte no additional plan of taxation
hi; been successfully Inaugu
rated. The Democratic party has
time and aK'iln tried the lm
posit Ii n of an Income tax, and
Mr. Kooserelt, I understand, 1 also
in favor of the Income tax. An In
come tax means that, when a man
receives a yearly Income, say, of
$.".(;(:() fir more, he should he com
pelled to pay a special tax to the
Xtttionnl treasury for the reason that
he l mot only better able to share
ni full proposition of taxation than
the majority of bis nelghlmr but
trrfilrr the present scheme of taxa
tion 'he ordinarily does not own
nfr.ch land n r ran be consume more
than the average individual, yet his
If:"' me Is perhaps a hundred times
rreutcr tlu:n the average rltl.en.
Fr m MfIInry' Taiat'ori Spwh. Mi"- 26.
Such a hill (income tax) ;I1 pass
CV nitres, however, but tlw Supreme
Court finally decided that It was un
constitutional. The time will coma
so-me day when we shall have an In
come tax, but until that time doe
come we ought to make a particular
effort to relieve the real-estate own
ers and the laborer, who h the next
largest taxpayer, because of (lis us
ual large family, and therefore a
Isr'e ni iimin;; capacity, from the
ejniesslve burden of taxation which
he must hear and In many Instances
not 'well able to bear, by shifting a
portion of the burden to other
shoulders who, by every reason of
right and equity, oucht to lie willing
to assume their share, and that to
wlttrin constitutional limits.
From Td Henry ' Taxation Spwh. May V: 1WK.
Our system ha but three direct
Dour of revenue, namely: The Internal-revenue
1 tax upon spirituous
mud tnait liquor and tobacco; the
Import duty under our tariff law
which lavies a tax upon the Importa
tion n various article. That I
where -certain article of foreign
nunufaexure and production which
are Included In the tariff schedule
are Imported into the United State
from foreign countries, the Import
duty la collected by the Government.
This means of course, that In turn
the people of the I'nited States must
pay a correspondingly higher price
for such articles, and in this way tlo
tariff reveaiuo is collected from th
consumer.
From McHi'nry'H Kixwh aealnit the Alrlrleb
Vrtwlaiwl turr-'ney Bill. May Yl. 19us.
There Invariably comes a time In
the lives of all men when Che com
mon brotherhood of men the pa
triotism and love of country pre
dominates aliove elf -Internet hut
Be rare of Ointments lor Catarrh
that Contain Mircury,
as mercury will surely destroy Ihe
sense of smell and .completely de
range tbe whole system when -entering
it through the nticous sur
faces. Such articles should never
' le used except on prescriptions
from reputable physician, as the
damage they will do is ten fold to
the good you can possibly derive
from them. Hall's Catarrh Cure,
manufactured by F. J. Cheney &
Co., Toledo, O., contains no mer
cury, and is taken internally, act
ing directly upon the blood and
mucou9 surfaces of the svstem. In
buying Hall's Catarrh Cure be sure
you get the genuine. It is taken
internally and made . in Toledo,
Ohio, by F. J. Cheney & Co. Tes
timonials free.
Sold by all Druggists. Price, 75c
per bottle.
Take Hall's Family Pills for con-Atipation.
when elf-lnteret I combined with
the common Interest of the Ameri
ca is people f-ml a patriotic Interest In
our Government, the condemnation
and opposltlcn to any niilon which
destroy th"se primary element of
common cod become unlimited in
its duration and violence. The
people of the country and the hank
of the country, with the exception
of a few Wall street banks, ore op
posed to this measure.
From XMl'-iirr fiwh agalrut the AMrir't.
Vriwlati'l (lirroTirr mil. May X, 1.
The bill Aldrich-Vreeland pro
vide thnt ten hank with n total
capitalization of S.".f'0).0t)0 may go
together and form themselves Into a
so-called "clearance-house associa
tion with the power delegated to
them ly the Government to Issue
currency to the extent of l."SO0.nO0.
(KIO. At the present time, Mr.
Speaker, the currency of our coun
try 1 on what Is termed a gold and
I' tilted State bond hnl. That Is,
every dollar of currency except our
present outstanding national-bunk
note I guaranteed by the actual gold
silver coin In the I'nited State
Treasury and Is redeemable In gold
or silver coin on demand. In the
establishment of the national bank
ing system, it w.'is ncreed that a
national hank could, to the extent of
its capital. Issue money against the
t nited Suites bonds. The United
States (iovemmi'iit, through thi
met'lum, merely divide up the
oonds, which represent the people's
obligation, into small denomina
tion in order thnt they may he used
In Irrulr.tion to meet the demands
of trade. So Kticcvsful ha been
the practical working of thl
plun that to-day no man think of
looking at n note to see whether It
is a national-hank note, a I'nited
States Treasury note, a rjold certi
Hcate, or a silver cetlflcate. The
people have absolute confidence In
their currency nt the present time,
tf anything Is needed, it I a bill
which will unify our currency sys
tem and not make It more diverse,
as thl does. As I have told you
in my previous address, the country
Is now suffering more from lack of
confidence than la k of money, and
that any legislative action upon this
question should be with the idea
of restoring confidence, not cf cre
ating further doubt or distrust In
the minds of the people a to the
churacter or value of the money
which they urcr to receive in ex
change for the sale of their labor
or the products of their labor. Thi
bill is the entering wedge for a rad
ical and violent change in the cur
rency of our country. It mean the
retirement of the present I'nited
States bond-secured note as rapidly
as it can be done under the law,
and to replace the national bond
security with whatever railroad or
other bonds or note which a bank
issuing currency may have.
I shall not go Into the economic
side of this question or burden yon
with the statistics, hut will discuss
the practical workings of the bill
and prove to your satisfaction, if
you are open to conviction, that the
hill Is Impractical; that it use will
lie confined entirely to Wall Street
banks, that It wil. not stop panics,
hut, on the contrary, will precipi
tate them; that it will absolutely In
sure the monopoly of the people's
money by predatory Interests. In
brief, sir, I xvill "..rove to you that
It is n Wall Street measure pure and
simple; that It is a measure against
the honest business interests and
producers of all classes, and to en
act it into a law will lie a crime
against the people which they will
resent at the polls in Xove-mher.
(Applause.)
From M'Mnry't Kirh smlrnt f' AMrlrh.
Vrelanl Currency Mill. May 'J7. l'.os.
I propose to show you, Mr. Speak
er, that in its practical applicnt'on
this bill, Aldrich-Vreeland, is not In
tended for the benefit of the average
country bank, but is intended .for the
sole benefit of the Wall street bank.
The bill I so cunningly devised thut
the average country hank would not
dare take the risk of becoming a
member In these associations, be
cause It will be liable to share in the
tosses and failures of all other banks
in the association, but would never
receive any lieneflt from Its connec
tion, as I shall prove.
In the first place, the average
country national hank has taken
out Its full aim. unt of bond-secured
currency, and lender the provisions
of the AldriclwVreeland bill the
ban), which has fes full circulation
out could only reeelve from this as
soiintfion, provided tt could get it if
it wanted to, -10 fM-r cent of the
amouwl of its surplus. For instance,
a linnt having one hundred thou
sand nrpital and it full circulation
I rued, aend having a Murplus of, say,
8-5.00Q, could only rt-ceive under
the luw 4) per rent of Hs surplus,
which wtMild be $10,(HK). It Is
qnlte evident, therefore, that the
average country bank wonld not he
Justified in awisuiiiing so great a risk
for smuU a benefit, c-speclally
when the possibility for ony benefit
li so remote.
Furthermore!, by thl restriitlon,
it tieconii'K very plain that the one
direct purpose of the bill Is to drive
out of existence ur present bond
secured currency.
All currency panic and thl mens
ure is said to be only Intended
OABTOIIIA.
Bssntl Thi Kind You Haw Always faflt
remedy for a currency panic begl
In New York. No matter how severe
;inv tin ney stringency or general
p: i-ic limy be, it require a certain
perl' d of time for the crlsl or the
ivnlc to extend tnt.i the country and
l:.t.) the Far Wet i ml South.
From MrHi-nrr'" Kv ' imilnt th AMrlrh
'r,an(i uiiv'.y ln.i May -T, t9w.
Thl bill further provide that In
terest at the rate of not tes than
1 per cent per annum shall be paid
upon all special Government depos.
It; xvhich mean that the Wall
street bank, which now have $100,
OOO.OOO of the people' money, and
for which they are paylnr no Inter
est, shall continue to hold such de
posit and not pay any Interest. Hut
the little country hank which re
ceive a deposit shall pay 1 per cent.
The hank all should pay not les
than 2 per cent for the use of the
Government deposit, and I present
ed a bill and which the Hanking
and Currency Committee refused to
consider requiring all surplus ov
eminent money to be deposited with
all the national hank in the coun
try, giving to each bank It pro rata
share and requiring the payment of
2 per cent annual interest.
According to our last year' bal
ance till would earn the Govern
ment approximately $1,000,000 per
annum and xvould help rover the
Treasury deficit. Furthermore, it
would redistribute the money
throughout the entire country, pl.ic
Ing It within reach of the people
from whom it has liecn collet ted in
the form of taxes. Hut under the
provision of this bill all larue hai.l;
will avoid the payment oi any
on Government deposits, and the
small banks will not be required to
pay more than 1 per cent. Thus we
see the hand of Wall street asaln-t
the people In every line of the bid.
From Mcllonri'a FHoral Omrsnrixi ff Par.1i
lpoitii Siwh, May U. 1!K
I'nder our present system of fin
ance it matter not to the Wall street
Interests what demand the people
may make upon legislation, for so
long a they, "the interest," control
both the party In Kwer and the
money of the country, they have the
power to force the people Into abso
lute submission by taking the bread
out of the dinner pail, which six
financier and six politicians now
have the power to do, are doing nnd
have done time and again.
Therefore, xvhen there is an In
terruption in the passage of the dol
lar, such as we have seen during the
recent money crisis, business halts.
If a panic follow the crisis and
feor enters the heart of our people,
everybody wait and business be
comes paralyzed. Then is when an
economic change take place. Prop
erty values fall and property owner
ship passes from the weak to the
strong; suffering and hunger come
to those who have nothing to sell
but their labor, which they can not
ell.
Thl interruption will follow an
extraordinary cause, such aa war,
earthquake, crop failure, or fire.
Suppose, for Instance, the great cit
ies of Chicago, New York, and
Philadelphia were to be destroyed by
a fire, which always represent an
absolute loss. The protection by in
surance merely distributes the bur
den of loss; the money of the coun
try would be withdrawn from the
Commercial needs and used for the
rebuilding of the cities, until they
were rebuilt and the money return
ed to the regular channels of trade
we would have a business depres
sion. From McIIenry's Fwlnml Oinntx of Bank
Iwpoalta Ppmc-h, May 14. 190.
Again, consider the position of the
worker from humane standpoint
All they have to sell Is their own
physical energy. Each day that
they are forced to remain idle cuts
oft' for all time Just so much of the
only asset they and their families
have. The day's wage lost to the
worker Is gone forever, for he can
not to do two days work In one na
ture forbids it. Then why should we
r.crmlt a condition thut deprives the
worker of his right? Who benefits
by it? No one 1ut the Wall street
Interest. A Federal guaranty of
bank deposit would have prevented
the recent panic and the present
business depression.
I do not claim that a depositor's
guaranty will be a panacea for all
our ill., hut it will be the first step
In the dawning evolution of a Gov
ernment for the people. Give the
American people a proper financial
system and they will produce such
result as will astonish the whole
world. Hut so long as you continue
the present policy of a few years of
prosperity and then a few years of
fright and loss and fear, you will
boob convert a progressive nutlon
Into a nation of cowards.
From Wcllnnr' Kwieral fiuarantpfl of Bank
l'l'poiiu Ppuech, May U. 1908.
There are no people so quick to
learn nor so quiet, to forget as the
American people. They saw our
great American farms producing the
most wonderful yield in the history
of our country and farm products
selling at higher piioe than the
general average for the past ten
years. Hal I road stocks and bonds,
securities of all kinds at the high
mark, and Wall street, that dream
and hope of gamblers and despair of
outside Investor, surpassing in its
golden harvest the dreams of
Croesus, Panic? No! Impossible
with such conditions. We believed
the country had outgrown Wall
street. We Ix-lleved In oar honesty
itnd energy, and believed ourselves
Words of Praise
For the ecvornl Inpredlents of which Tr.
Tierce's medicines aro composed, as piven
ty leaden In all tlio several schools of
medicine, flioul.l h ive far more welpht
than nny amount c f non-rrofcstlotinl tes
timonials. I r. I'icrec' Favorite IT --cr:
tion has the tiWH-.r. of Host; sty on ever;-bottle-wrapper.
In a full list of all Its in
gredient printed in plain Knglifh.
If you are an Invalid woman nd suffer
from freoMont headache, backacha, gmw
Ing; dsrv) In stomach, periodical pains,
dlsagredfte, catarrhal, pelvic drain,
dragglitydown distress In lower abdomen
or pe)vT, perhaps dark spots or specks
danclfg before the eyes, faint spells and
klndVlsymiitonis caused by female weak
ness, ctfth'jf derangement of the feminine
organs. W' can not do better than take
Dr. Plercf Favorlto Prescription.
The hs'iul, surgeon's knife and opera
ting talimay be avoided by the timely
use of 'avorit Prescription" In such
caes. Thereby tV.e oryvjo'i exajln-
atlons
1 ' 1 " -11 I-''- t
I' h y i i c i an can N vo; d "d t"l -rc- j
CuiL'- "' suo-e.-iiJi ii-'m;-.' ill cnrrscn dm
Prescription " i coitipos U ol the very bet
native medicinal root known to medical
science for the cure of woman's peculiar
ailments, contains no alcohol and no
harmful or babit-formlng drugs.
Do not expect too much from " Favorite
Prescription; " It will not perform mira
cles; It will not disolve or cure tumors.
No medicine w ill. It will do as much to
establish vigorous health In most weak
nesses and ailments peculiarly Incident to
women as any medicine can. It must be
given a fair chance by perseverance In Its
use for a reasonable length of time.
Ymi ran't 'rl y '' Vl',r,'..'rjc?.(
kriMwrj coin j.-it:uii.
bick wouu-n art- invittd to consult Pr.
Pierce, by letter.rrc. All correspond
ence Is guaid'-d us sacredly secret and
womanly confidences are protected by
professional nrivnev. Address l)r. R. v.
Pierce. Huffalo. N. Y.
Dr. l'lerce s l'lensant Pellet the best
laxative and regulator of the bowel.
They invigorate stomach, liver and
bowels. One a laxative ; two or throe a
cathartic Eaisy to take as sandy.
able to cope with any possible con
dition which might arise; hut we
had not included in our reckoning
the power of public fear.
Fmm Mrnnry' F"s.tI fiaurantw of Bank
IlolU Speech. Mr I.
Hanks never fall except for ono
or more of three specific cause
violation or neglect of the banking
laws upon the part of the officers or
directors; hnd Investments, which I
one cause of n hundred, or embezzle,
ment upon the part of the cashier
or officer. In either of these rase
a fnilure might have been prevented
by a closer surveillance upon the
part of the Government. This belnsr
true, I hold that the Government
Is, to n certain extent, an accessory
before the failure of every nation?!
hank failure, und the I'nited
States Goverment should either w ith
draw entirely from the banking busi
ness or assume it rights and priv
ilege by guarding the business In
the interest of the public welfare
still more closely.
From fcHenr'' Fedvral Ouaranti-B of T.ank
. l',-po.'it Spoech, May 11, lsjs.
In the midst of unprecedented
prosperity with our factories, mills,
and mine working overtime, plenty
of work for every man who wanted
work and at fair wages, our farms
yielding the largest crops in the his
tory of American farming and sell
Ing at prices above the pat ten
years' average, the financial crisis
came to our country and people as
an electric shock, paralyzing the
wheels of commerce and of all in'
dustrial activity, affecting the per
sonal interests of every man, woman,
and child In America; bringing
want and suffering and hunger to
many by depriving them of their
only asset and Income, then right
and opportunity to work.
From McT. .nry'n Mini and Mining tBpwoh,
March IS, IK.
We boast of our wonderful prog
ress as a nation in a commercial
way, but we seldom stop to count
the cevst, especially when that cost is
estimated In human Uvea, and to
those men who are now framing ar
gument in their minds, conjuring il
lusions of paternalism, unconstitu
tionality, and Innumerable other
means known only to skilled legis
lators In accomplishing the defeat of
a measure before this House, I ask
you In all earnestness that before op
posing this measure to give fair con
slderation to the facta whtch I stutll
now give you.
From Mellenry's AfTtmltura) Bpwh. April 1.
IMA.
A full set of these farmers' bul
letins and publications should be in
every public school library In the
I'nited States. In my district I have
1,089 public schools. .. The Depart
ment ban Issued a total of 350 bul
letins. So, if you were to supply
the schools alone in my district. It
would take S70.0A0 bulletins. Vn
der the present rule you allow each
Congressman 10,000 bulletins, al
lowing me one little bulletin for
each farmer in my district.
The mere establishment of a Bu
reau or Deportment of Agriculture
is not sufficient. It must be brought
closer to the farmer. The Hureau
should report 1U finding not only
to Congress, but to the people, and
the only medium for transmitting
this Information to the formers di
rect Is through the agency of this
bulletin service. . . No bulletin should
ever be allowed to go out of print,
and the Department should be fur
nished ample means to place the re
suits of Its scientific research and
experiments In the hands of every
farmer, and In this way through
these millions of farmers the soil
will give an Imedlate response and
an Increased national earning be.
yond comparison, and so vast as to
make opposition to this expenditure
little short ofa national crime.
Alexander Brothers & Co.,
DEALERS rN
Cigars, Tobacco, Pipes, and
Confectionery.
Hue Candies. Fresh Evory Week.
. jPE2TW2" C300X3S -A. SPECIALTY.
HAVE YOU
ROYAL BUCK or
ict- tittd nVATKR FiR THPAf.
ALEXANDER BROS.
IOws-'s-s fw wwwwwwsswt
IF YOU ARE IS NEED OF 2
Carpets, -Rugs, Hatting and
Draperies, Oil Cloth and !
Window Curtains 2
You Will Find a Nice Line at
W. E, MSG WEB'S
BL00MSBURG, PEKN'A. )
WHY WE LAUGH.
"A Little Xonstnse Xow and Then,
Is Rlishit by the Wisest Men?
Judge's Quarterly, $1.00 a year
Judge's Library, $1.00 a year
Sis Hopkins' Hon., $1.00 a year
On receipt of Twenty Cents, we will enter your name
for three months' trial subscription for either of these bright
witty, and humorous journals, or for One Dollar will add
Leslie's Weekly or Judge for the same period of tim
Address
Judge Company
225 Fourth Avenue. New York
3-21
WILL OUTWEAR THREE
OF THE ORDINARY KINp
More alaatle, non-nuttnff part.
Ataolaulr anbmakabl.lmihw
OunatMS kMt SO. nipala auo.
Ca b at. In llrhl or kar, w.lrt for
au f youth, ottra Wng la auao prloo.
SUITABLE FOR ALL CLASSES
If TonriWlrr won't .apply yoa
w. will, Hiall, lot to awt.
and for valaabl. trot kookUt,
" Oorrwt Dnu Saiamdar atrUa."
HEWES & POTTER
L&T(Mt laipoadur afakan la Ik. WorU
1214 SI LauMa H, BMUa,
W. L. Douglas
AND
Packard Shoes
are worn by more men
than any other shoes
made.'
Come in and let us
Fit You With a Pair
W. H. M00RE,
Corner Main and IroriSts.,
BLOOM SB ORG, PA.
Visiting cards and Wedding invi
tations at the Columbian office, tf
k
i
SMOKED A
JEWEL CIGAR?!
& CO., BloomsburK, Pa.
Mil
Our Pianos
are the leaders. Our lines in
clude the following makes :
ClIAS. M. Stieff,
Henry F. Miller,
Brewer & Pryor, Kohler
Campbell, and Radel.
IN ORGANS we handle the
Estey, Miller.H.Lehr & Co.
AND BOWLBY.
This Store has the agency Jor
SINGER JUG II ARM SE W
ING MACHINES und
VICTOR TALKING,
M A CHINES.
WASH MACHINES !
Helby, 1900, Queen, Key
stone, Majestic.
J.SALTZER,
Music Rooms No. 105 West Mm
Street. Be lew Market.
BLOOMSBURG. M
1