THE OITIZE3ST
FRIDAY. DECEMBER I. 1893
KaMr*4 at »* »■«•* " " cU " "» tMf
wiLLii* C. rtour.
Siydttem new members were admit
ted to membership at the meeting of the
Lincoln League last Friday evening. The
League now numbers two hundred and
fifty. A committee was appointed to com
plete tho Constitution, so that it can be
printed and distributed among the Repub
licans of the comity; as it i* desired that
every Republican in the county become a
member.
Levi M. Wise made the speech of the
evening. He summarized the results of
the late election and its meaning; and gave
a short history of tariff legislation. He
tru heartily applauded.
The New Tariff Bill.
Congress meets in regular session next
Monday, and one of the first things it
will tackle will be the new tariff bill, pre!
pared by the Wilson Ways and Means
Committee. It was made public Monday,
and it makes reductions in everything.
Few specific duties will be left if the bill
becomes a law, while almost everything
on which duties are placed will come in
ad valorem. The free list is greatly en
larged, and inoludes agricultural imple
ments, wool, coal, lumber, salt and iron
ore. Pig-iron, steel-rails, glass and pot
tery are given a heavy cut.
It is estimated that the bill will reduce
the national revenues about fifty millions
which is to be made up by an increase in
internal revenue taxes, and by an income
tax.
The bill has some inconsistencies one oi
which is pointed out by the Dispatch as
follows:
"Hoop iron ia scheduled at 30 per cent
duty, which sufficiently illustrates the
committee's idea of the amount of labor m
that highly finished product. But cotton
ties, which are hoop iron with wme extra
labor, are not given a higher ad valorum
rate. They are not given the same rate;
they are not even given a reduced rate.
The solid South i? the sole user of cotton
ties; and while 30 per cent is recognized as
the just rate for the people who use hoop
iron to pay, the section which furnishes a
solid electoral vote and a nearly solid
Congressional one has got to have its cot
ton ties free of duty.
The Pittsburg Times denounces the bill
as vicious "in its general adoption of ad
volorem instead of specific duties, whereby
a great opportunity is given to the foreign
shipper to defraud our Government of its
proper revenue and our workingmen ol
"even the nominal protection ostensibly Ex
tended. It is vicious in placing the duties
on many important articles of manufacture
much below the limit which would have
placed our w«ge workers on an equality
with those abroad. It is vicious because,
while depriving at one fell swoop a great
and growing industry like tin plate of
Sracucally all protection, it carefully cod
les and protects the Louisiana sugar
grower. It is vicious because it places on
the free list wo«l, coal, lumber, salt and
iron ore under the false plea that they are
raw materials, thereby depriving thousands
upon thousands of our people engaged in
their production of their occupation. It is
especially viciouß because its one great and
certain effect would be, if it became a law,
to throw hundreds of thousands of work
ingmen out of employment and bring the
wages of tna balance down to depths an
known .n thii country for more than a
third of a ce.itury."
Ths Vtzette says:—
"The bill will not go through congress
witb a whirl if Republicans can prevent it,
and they will probably manage to get a
fair hearing. By the terms of the bill it is
to take effect March 1, 1894, except the
woolen schedule, which is extended so as
to begin July 1. 1894. The purpose is to
have the bill well out of thtf way and in
operation before the time when the con
gressional nominations will have to engage
the public attention. If the bill reaches
the president before the first oi March con
gress will have to break all previous records
in tariff legislation."
Congressman DaUell was interviewed
Monday evening and said in part:—
"Of course, under existing circum
stances, it is impossible for roe to express
any opinion except in a general way as U)
the character of the bill. I notice that it
is entitled 'A bill tt> reduce taxation, to
provide revenue,' etc. As the effect of the
bill, according to its friends, will be to
rednoe the revenues about $ >0,000,000 peT
annum, it strikes me that it ought to be
called 'a bill to reduce the revenue ' How
in the world a bill that strikes off $50,000,000
of revenue can reduce taxation is one of
those things that only a Bourbon Democrat
can find out.
"This is certainly not a tariff bill 'for
revenue only,' but a tariff bill only not
for revenue. While I cannot say any
thing very definite as to its special provis
ions, there are some general characteris
tics that impress one at first sight. It pro
poses the miserable ad valorem system of
revenue duties which invariably results in
a cheating of the government and haa been
condemned by every secretary of the treas
ury, Democrat and Republican alike, from
time immemorial.
"Its free list is a wondsr, including as it
does coal, coke, iron ore, gold, silver, lead,
copper, nickel, tin, salt, lumber, wool,
binding twine, cotton ties and various
other socalled raw materials too numerous
to mention. It contains also a sweeping
provison that raw materials not mentioned
shall bear an ad valorem duty of 10 per
cent, and all manulactured materials not
mentioned an ad valorem duty of 20 per
cent. This last provision might very
well be termed a provision for the en
couragement of litigation. If I am Lot
very much mistaken, it will give rise to
lawsuits without number."
Gov. MoKinley, said in part:—
"I have read the accounts in the even
ing papers of its substance and I notice one
terribly bad thing about it; a thing which
should defeat it in its entirety and alone.
It is the feature that the duties are imposed
on an ad valorem basis. This leaves wide
open the door for fraud and deception, and
renders almost inevitable the undervalua
tion of invoices.
"Tariff bills of late years have been
based altogether on specific duties—so
much a ton or so much a yard, you under
stand. No less a statesman than Henry
Clay onc» said, I remember hearing, that if
he conld be allowed to fix the value of the
article he would not care who fixed the
duty or at wha» rate. President Cleve
land's first secretary of the treasury, Mr
Manning, made a most exhaustive study of
the question and reported that the ad val
orem system was wrong and pernicious.
Yes, that is the weak point in the new
tariff bill."
The Philadelphia I'resx says: The Wil-
Bon tariff bill will arouse and alarm the
oountry. It is much more extreme and dras
tic in its destructive features than has been
expected. It far outruns conservative
anticipations, and comes up to the most
• radical demands of tbe most pronounced
enemies of Protection. No such bold ap
proach to free trade has over before taken
legislative form in this country. It goes
beyond the Mills bill in its sweeping cuts.
No wouder it is hailed with delight in Eng
land as a deadly blow at American indus
tries and as the open door for foreign
products.
THE Democratic brethern are already
kicking at a lively rate against the pro
posed new tariff cuts contemplated by the
Committee of Ways and Means Those
from Louisiana want the duty restored on
sngar or the bounty left slone. West Vir
ginia wants coal and iron ore protected;
in South Carolina the men who raise Sea
Island cotton want a good high duty on
their product, and tbe planters of Virginia
are making a loud outcry against any
reduction of the duty of tobacco. In short
they all want the other fellow to bear the
brunt of the proposed "Reform." Pro
tection may bo unconstitutional in tbe
abstract , bat it is all right when it bene
fits them.
CHICAGO has a case of wholesale jury
bribery on hands.
THK total official vote in Ksnsas this
year, with only two small counties tli hear
• from, is 248,134, as against 322,857 in 1892.
Of this vote the Kepublicaus cast 125,517,
the Populists 94,370, and tbe Democrats
27,747. The Republican plurality is 30,
tij aud majority over all 2,900.
• No State in the Union has go suddenly
ir.d so widely fluctuated from one point on
the political compare to another as has
Ohio. Going back as far as 1872, the re
cord shows how the pendnlom swung.
That year Grant had 80,563 plurality. The
next year a Democrat, 'William Allen, was
elected Governor. 1n.1875 Rutherford B.
Hayes wasi&lled from retirement to run a
third time for Governor, and defeated Al
len by 5,254 votes. The victory nominat
ed him for tfie Presidency, and in 18i6 he
ran the figures up to 7,517. But in 18i < a
Democratic Governor was elected by 22,520.
Two years later Charles Foster was made
Governor by 17,129 plurality, and in 1880
Jame* A. Garfield beat Hancock 32,227
votes. Foster was re-elected in 1881 by
24,309, but in 1882 the Democrats carried
the State by 19,119 and followed up this
victory in 1883 bv giving Hoadley 12,699
more votes than Foraker could muster.
In 1884 James G. Blaine redeemed the
State, his plurality over Cleveland being
31,802 Foraker tried again in 18f 'and
1888 and was successful by plural'„ es of
17,7811 and 23,329, and in 1888 Harrison
had 19,599 over Cleveland: In 1889 Fora
ker made his fourth run for Governor and
was defeated by Campbell, Democrat,
whose plurality was 10,871, but in 1890
the Republican candidate lor Secretary of
State had a plurality almost the same, it
being 10,970. Then came the battle royal
between Campbell and McKinley in 1891.
Protection's champion down id Foraker s
conqueror by 21,511 voter. But in lS92(Ohio
went off on a political stangent that dis
mayed Republicans. One Democratic
elector beat the second highest Republican
1,409, and the remaining 22 Republicans
had pluralities averagine 1,072. The un
certainty of how Ohio would go has made
its voter the most intelligent to be found
in the United States. With the advent
of each campaign the best political speak
ers of the country have been thrown into
that great State. Every great political is
sue has been talked into the Ohio man year
after year until he has become thoroughly
conversant with it. Even the smallest
hamlets over there have their political
meetings with addresses from the ablest
stump speakers in the land. The joint de
bate prevails there, and Democratic
speakers are pitted againßt the Republi
can orators at the same meeting. Any
misstatements made are promptly refuted
by the opposition, and the Ohio man has
an opportunity to get cold facts, devoid of
any exaggeration. The voter has been
talked to by both sides so long that be
cannot be fooled, because he himselt knows
when ho is hearing and when he is not
bearing tacts. Then where could you find
a more intelligent political juror than the
Ohio man T He is more competent through
perfect familiarity, to pass upon great po
litical issues than the average voter of
any other State in the Union, therefore
bis verdict is likely to be a sound one in
the premises. The only great issue in the
recent campaign in Ohio was the tariff.
Governor MoKinley is the author of the
tariff bill, and the acknowledged loading
apostle of Protection in the United States;
Neal, bis opponent, was the author of the
Free Trade plank in the National Demo
cratic platform. The fight was made di
rect on the tariff issue. What was the
verdict of tbe Ohio jury t McKinley's
plurality was something like 81,000—15,000
more votes than were ever cast for one
candidate in that State. Tbe Ohio man
had experienced the "change" produced
under the auspiices of the Democratic
party, and a few months of it had given
nim all he wanted and more, too. Ohio is
the second iron producing State in the
Union. In pig iron output, after Pennsyl
vania, she is nnapproacbed save by Ala
bama and Illinois, and in rolling mill pro
duct, after Pennsylvania, no State but Il
linois produces more than the merest frac
tion of her total. Her prosperity depends
largely upon the prosperity of her furnaces
and mills and of tbe hundreds of shops and
foundreis tbey supply. The Ohio men bad
seen that threatened Democratic tariff re
duction had paralyzed the industries of bis
State and he called a halt. Senator Sher
man, after the election, in speaking of the
result in the State of Ohio, well said: "It
was good, very good. It was the protest
nf the hungry workingmen against hard
times brought on by the fear of a
tariff revision. It was the voice
ol the people protesting against
the destruction of the great Ameri
can protective system. When I went
home and saw the condition of things in
manufacturing and industrial circles, I was
prepared for jast such a landaide. Busi
ness men aad manufacturers, like prudent
men, when they saw the storm approach,
took in their sails; they contracted their
efforts and run half and quarter time. The
silver question had nothing, in my opinion
to do with the result in Ohio. Both par
ties were in harmony on that question and
in favor of the suspension of silver pur
chases. The result in Pennsylvania, Mas
sachusetts and Ohio, in all manufacturing
places, was a solemn protest against any
interference with the present tariff system."
Surely, Ohio's emphatic protest should
warn the Democratic party from tariff
tinkering.—New Castle Guariliw».
Twelve thousand people are reported to
have perished by an earthquake in Persia.
Flick I tcm D.
Be it known that:
Paper and silk weddings are the go for
this week.
John Turner, our Constable, was tossed
off a colt a few days ago and was Berionsly
injured.
Ben Burton and brothers have the larg
est corn crop in oar district. Tbey expect
to have nearly 2000 bushels.
Ira McCall and Ed. Westerman intend
to take a trip to Butler on a visit in tho
near future.|
Mrs. Robt. Montgomery is visiting
friends in Nebraska ana she writes back
that the weather is very cold there.
S. C. Trimble is employed on the Jack
A Trimble farm building steam and gas
boxes.
The Davis well on the Jack farm will
soon be completed. We wish tbe boys
a good well.
J. W. Gillespie has done considerable
fall plowing. That is right John, you
won't have to do it in the spring.
Bert llillman is,'on the sick list. We
hope he will soon be around »pnri.
W T m. J. Sefton is building quite a lot of
post and rail fence and it is decorating his
farm in good shape.
Wendell Hickey, Jr.,our veter -nary sur
gueon is doctorinp a horse for Caston Lee,
which has a crooked knee. The doctor
says he can cure it with the oil of fishing
worms.
Sandy McKay of Clinton twp was the
guest of Robt. Anderson on last Saturday.
The Sandy llill scholars on last Friday
afternoon spoke declamations and recita
tions. ltachael Baker, Robert Whitesides
and Harry Flick were the critics. The
mistakes were but few.
VotLA TOUT.
I'etersville Items.
Frederick Dambach died Nov. 22d i.t 9
a.m. He was interred in the Zelienople
cemetery on Friday. He was aged 78
years; 10 months and 22 days.
Donald Watson is no better at tbi* writ
ing. Miss Grieb is no better. Miss Eva
and Kit Purviance are on the sick list.
Mrs. Millie Black and son Arthur ha«r<>
been on the sick list, but are much better
now, also Mrs. Nannie Richardson and
Mrs. Charlie Kasley, but are all better.
Martha Fry of Evans City attended
church at W. O. Springs last Sunday.
Fred Barnhart set up the cigars and can
dy to everybody—its ajfirl.
John Black engaged in drilling at Si&-
tersville.
Changes made in real estate—John
Brandon sold bis interest in the Brandon
homestead to Robert Schilling; and also
the Robert Duncan farm to Peter Nicklas.
Don't say times are hard about I'etersville.
j Some more drilling will be done soon, a
| location has been made on the Wni.
Richardson farm and considerable leasing
is giiitist on. The Nicklas & Co. well on
t the is down about 000 feet
John Sncezen is [Hitting a cellar under
his house.
James Steen has his creamery building
completed. UJJDBRTVBITEB.
United States Banks.
(R. G. Horr in New York Tribune.)
On the 10th day of May, 1775, soon
after the battle of Lexington, the Conti
nental Congress of the Colonies then in re
volt against the Government of Great
Brittain made arrangements to issue "Con
tinental paper money." In June, 1775,
$2,000 000 of such money was put in circu
lation. This amount was increased from
month to month and year to year during
the war of the American Revolution until
$300,000,000 had been issued.
It is difficult for us to conceive what an
immense sum that was for a young and
struggling nation of less than 4,000,000
people. A depreciation of these issues took
place in spite of the law which made them
a legal-tender in payment of debts. It
continued until they became absolutely
worthless. None of them have ever been
redeemed. The loss of this enormous sum
fell upon the individuals in the United
States who happened to hold the bills
when they ceased to circulate. The com
mon expression "Not worth a Continental'
had its origin at that time. The Conti
nental money had behind it the same "fiat
of tbe Government" that our "greenbacks"
have to-day. What made that money
worthless was the failure of the Govern
ment to redeem it when presented for pay
ment.
In the spring of 1780 a banking associa
t oa was formed in the city of Philadelphia
without any charter, and was the starting
point for a National bank. On May 17,
1781, Robert Morris, who was then Super
intendent of Finance for our young Repub
lic, presented to Congress a plan for organ
izing the Bank of North America at Phila
delphia with a capital stock of $400,000.
On May 26 Congress passed a resolution
approving the plan. In the ' December
following Congress passed an ordinance to
incorporate the subscribers to the "Bank
of North America." April 18, 1782, the
State of Pennsylvania granted a charter to
the same bank. Thus tbe association first
formed became an organized, incorporated
aad chartered bank.
The "Bant of North America" com
menced business in January, 1782, the
Government having subscribed for $254,-
000 of iu stock. It is still doing business
to-day. That bank has always done a gen
eral banking business, but the Govern
ment sold its stock at an early day, and
the bank has never been known or desig
nated as a "Bank of the United States."
Its last charter was granted in 1854. It
was afterwards changed into a National
bank, and is now a prosperous institution,
with a capital of $1,000,000 and a mrplus
of more than that amount.
On February 7, 1784, the State of Mas
sachusetts incorporated the Bank of Mas
sachusetts, located at Boston.
March 21, 1791, the State of New York
chartered the Bank of New York, located
in the city of New York. This institution
had been doing business for some time
previous as an association, under articles
drawn by Alexander Hamilton, who was
one of its first directors.
Both of the institutions above named are
still in existance, and doing a profitable
business as National banks.
The first "Bank of the United States"
was proposed by Alexander Hamilton in
1790 in his report as Secretary. The meai
ure received vigorous opposition, but it
passed the Senate January 20, 1791, and
the Honse in February, 1791. The capi
tal stock of that bank was fixed at $lO,-
000,000, divided into' 25,000 shares of S4OO
each. The subscriptions, except those of
the United States, were made payable,ono
fourth in coin and three-fourths in 6 per
cent United States bonds. The bank was
prohibited by its charter from loaning to
the United States a sum greater than
SIOO,OOO, and to any State more than $50,-
000. It was forbidden to loan to any for
eign prince or State any money whatever,
except after the passage of a special law
It had power to issue bank notes, and all
bills of the bank were made payable in
coin and were to be received in payment
of all dues to the United States. Tbe
Government was authorized to subscribe
for $2,000,000 of its stock. Tho charter
was to continue to 1811, and the Govern
ment was to establish no other banks dur
ing the existan ce of this one.
The bank was located in the city of
Pniladelphia, did a general banking busi
ness, and was managed by a board of
twenty-five directors elected by the stock
holders, The dividends of the bank weie
regularly from 8 to 10 per cent each year.
Congress refused to renew the charter
at the time of its expiration, and the bank
was compelled to wind up its affair*. Its
depositors were paid in lull; its stockhold
ers were also paid in full, and received a
premium of 8i per nent on the final settle
ment. The Government had previously
sold its stock at a large premium.
After the war of 1812 Alexander J. Dal
las, who was Secretary of the Treasury in
1814 recommended, in au able report, the
establishment ot another "Bank of the
United States.'' In January, 1815, a bill
was passed for that purpose, but was veto
ed by President Madison.
On April 3, 1816, another bill was passed
and was then signed by the President. It
incorporated an institution under this title:
"The President, Directors and Company of
the Bank of the United States." The cap
ital stock ot this second Bar.k of the Uni
ted States was fixed at $35,000,000, divid
ed into 350,000 shares of SIOO each, $7,-
000,000 of this stock to be subscribed by
the United States. The remaining $28,-
000,000 was to be subscribed by individuals,
companies or corporations. Its charter
wan to run until March 3, 183 G. At the ex
piration of its charter Congress refused to
renew it; but a charter was granted by the
State of Pennsylvania, giving the bank
power to do business in that State. It
should be mentioued that tbe Government
had sold its stock, and the books of the
Treasury Department show a profit to the
Government by the transaction of $6,930,-
167, On October 9, 1830, this bank sus
pended specie payments, as did most ot the
other banks of the country. It was in a
little while compelled to wind up its busi
ness, and did so at a great loss It paid its
depositors and bills issued in full, but its
stockholders never received anything.
They lost every dollar they had invested iu
the enterprise.
No other "Hank of the United States''
lias Iteen organized since the lailure of tbe
second one of that name in 1830. That
bank did a general banking business
and was managed by a board ot directors
elected by its stockholders, precisely the
same as are all other banking institutions
It issued bills and redeemed them in coin
on presentation
Tlie tirst bank of the United States grew
out of the War of the Kevolution;the second
one grew out of the War of 1812; and tbe
present National banks of the United
States grew ont of the necessities of the
War of the Rebellion.
During tbe late Civil War the National
Government was again compelled to resort
to the issue of Treasury notes and paper
monjy which are known as "greenbacks."
Suet paper money was issued to meet the
extre.ne necessities of the Government;
and dunng the war au amount approximat
ing $500,000,000 was issued and was in
circulation at one time. The entire Na
tion suspended specie payments early iu
the war, and the business ol this country,
except tbe payment of customs, was done
with paper currency. This paper money
fluctuated in price from time to time dur
ing tbe war; at one time specie going to a
premium of 287 cents on the dollar.
When Salmon P. Chase was Sectetary
of the Treasury he recommended to Con
gress the establishment of National banks
upon a plan proposed and advocated large
ly by E. (t. Spaulding, a member of Con
gress from Buffalo, N. Y. These National
banks wero, however, entirely different
from either of the old banks of the United
Slates. Under the new plan tbo United
State 3 Government took no stock what
ever in any of these institutions. Five or
more persons, anywhere in the United
States, could, and cau, form a bank under
that law, it able to comply with itß require
ments These National batiks are all of
them banks of issue; but their bills are
furnished them in blank by tbe Govern
ment snd must be signed by the officers of
the bank hetore they can be put iHo circu
lation.
Before any bank can receive any blank
bills it is required to deposit in the Treas
ury of the United States Government
bonds to the amount of SIOO for each S9O
of bills it seeks to 3ecure. No bank cau
get bills in excess of 90 per cent of iu cap
ital stock. The Government hM nothing
to do with the redemption of the!<e bills so
long as the bank is solvent and doing bus
iness. If the bank fails, then the Govern
ment sells iis bonds, on deposit in the
Treasury, and redeems the circulating
notes on presentation.
The Government owns no stock in any
National bank, .but all such banks are sub
ject to careful examinations by public
officers, appointed for that purpose, and
are under the constant oversight of the
Controller of the Currency.
These National banks were of immense
value to the Government during the Civil
War because of the large amounts of Gov
ernment bonds bought and paid for by
them at a time when it was difficult for the
Government to get money with which to
meet its current expenses. I doubt if any
safer or better system of banking has ever
been devised on the face of the earth. The
National bank notes are absolutely secure.
These institutions have also been of great
service to the people at large.
National backs all do a general banking
business and are managed by boards of di
rectors elected by the stockholders They
do not differ in that respect from any or
dinary banks.
There are still a large number of State
banks and private banks in the United
Stales, but none of them issue notes for
circulation an money. Nor are these in
stitutions subject to examination by the
officials of the L'nited States Governmt-nt,
In 1865 Congress passed a law taxing the
issue of all State banks 10 per cent. This
law drove all State bank bills out of -exis
tence, and induced large numbers of the
banks to reorganize as National banks. In
deed, such was undoubtedly the object
sought by imposing the tax; and it worked
like a charm. The difference between the
present National banks and the old '"Banks
of the United States" consists mainly in
the fact that the Government is not a
stockholder in oar present National banks
and that the Government controls the
issue cf our present National banks, and a
marked feature of the present law is the
ease with which five or more American
citizens can form a National bank al any
time in any city in the Union.
There was never bu* one '"Bank of the
United States" in existence at the same
time, and the Government pledged itself
lo charter no other such bank during the
life of the charter of that one. The old
Bank of the United States was a monopo
ly with special powers. Onr present Na
tional banks cons itute a vast system of
banking, the privileges of which can be se
cured by any number of American citizens,
if the number shall exceed five, who may
desire to engage in that kind of business.
The business done by all banks is of a sim
ilar character, except perhaps the differ
ence between commercial and savings
banks is of a similar character. The
business transactions of the old "Banks of
the United States" differ in no respect
from the business done today by each Na
tional bank. This much can be said in fa
vor of our present system: It ie the out
growth of long and laborious experience.
The banking business, like all other insti
tutions of human invention, has been de
veloped and improved by the natural pro
cess of evolution. A new system onght to
be an improvement on the old. Men of
sense learn to belter such institutions by
experience.
There is a clamor just now among mem
bers of the Populist party, joined in t)y
many Southern Democrats, against our Na
tional banks. Some of the Populists have
gone so far as to claim that the Govern
ment should be made responsible lor ail
the deposits in each and every National
bank. So far as I know, no govornment
on the face of the earth assumes such a re
sponsibility. As the law now stands de
positors in National banks get their pay
first; and the stockholders are liable to pay
their stock over again, if necessaiy, to
protect such depositors. When the Gov
verment becomes responsible, under the
present plan, for the bank notes issuea by
a National bank it runs no risk. Can any
one devise a plan which would enable the
Government to assume the payment of de
' posits without riskf This scheme must
have originated in the minds of the men
who conceive that governments should do
all the business of the world and own all
the property. I take no stock in such
nonsense. " My faith is of a kind entirely
different. I would have our Government
leave the business of this nation to be man
aged as much as possible by individuals,
and as little as possible by the State.
Laws should be framed so as to give all an
equal chance, and then leave the rest to
the skill, energy, plnck and management
of individuals. In that way, and that
alone, can the capacity of our people for
business and business .improvements be
fully developed
Previous to 1872 the greenbacks which
had been issued during the wai bad been
redeemed and destroyed until they were
only about $346,000,000 of them left in cir
culation. A law was then passed requir
ing that amount to be kept in circulation
as money, and they are now reissued
whenever they find their way into the
Treasury of the United States. It any of
them are destroyed on account of beiug
mutilated aud worn out, new ones are is
sued in their place. The Government has
issued a large amount of gold anil silver
certificates and Treasury notes, the latter
being issued for the payment of the silver
purchased.
Hence the volume of paper in this coun
try is to day very large. The siruggle to
ktep all our money at par with gold has been
a severe one for the last ten months. No
paper money ever has been, or ever can be,
worth any more than the hard cash is
worth int» which it can be converted.
That, and that alone, determines the pur
chasing power of each and every paper
dollar.
In concluding this article I desire to
state that each "Bank of the United
States" met a necessity wbich existed at
the time of its organization. Both of those
institutions did a good work, and were the
bebt suggestion that occurred to the minds
of the ablest business men of our country
atjthat time. Our.present "National banks"
are a great improvement over either of
those institutions. I doubt if any
department of life is a better example of
the development theory than the banking
system of the present day. The system
may be improved and perfected; it certainly
should not be abolished.
Ufliccr Eugene
Of Philadelphia.
An Officer's Battle
He Might Have Lost But foi
Assistance
How It Was Given, and the Inevitable
Result.
An officer connected with the Tacony
Station house, l'hiladelphia, has had a se
vere battle with a monster, or a demon,
he hardly knows which to call it. We will
let him tell tho story in hi* own words:
" I Want to Say a Word
about what Hood's Sarsaparilla did lor me. 1
was troubled the worst way with dyspepsia
Why, ■ could not eat any iking at breakfast
without distress, and when I did manage to eat
a little It would all come up again. I tried
almost everything I heard of to find relief, but
still I suffered. At last I was told Jast k««
■ (alt and what Hood's Sarsaparilla would do
for me by an advertisement In a paper. I de
cided to try the medicine, and realised all the
benefit pronaiaed It was what Hood's Sarsa
parilla actually did for me that
Convinced me of Its Merit
I cannot praise it enough. I can eat heartily
now, although two months ago I did not know
what it was to keep anything on my stomach.
Hood's st Cures
Besides being cured of dyspepsia, I have been
relieved of severe pains In the kidneys. I am
willing this should be used to tell others how
to be cured of dyspepsia." Orricxa EUOEN*
CHRISTINE. Tacony Station House, Tacony,
Philadelphia.
HOOD'S PILLS cure Name*. Sick Headache,
buUcesUcn, BUiouneu. bold by all
fAfaiED -ÜBY,T, irSasafi
The K. of L. Fight.
At the K. of L Convention in Philadel
phia last Thursday, Powderly's friends
meet with a stinging defeat; Hays was re
elected Treasurer, the office of General
Master Workman was again declared va
cant; an anti-Powderly man was elected
General Worthy Foreman; a fuss lollowed
and a riot was narrowly averted.
On Friday the delegates had another
hot time, and the Hays men were trium
phant at every turn. On Monday Powder
ly resigned; his resignation was accepted
and J. R. Sovereign, of lowa, was elected
to take his place.
THB official count of the vote in Ohio HU
bee'i completed and it shows that Governor
McKinley has a plurality of 80,993 over
Neal and a majority over all of 43,026. The
total vote of the State was 823,558, of
which McKinley had 433.342, Neal 352,347,
the Prohibitionists 22 406 and the Populists
15,563.
A LACK of fire escapes on and in a large
five-story building in Detroit was the
causa of several men being burned to
death, and three jumped to a horrible
death.
Fetrolia Items.
W P. Taylor is home from Piospect on
a visit to his family.
C. P. Millbargcr of Greece City was in
town on legal business on Monday of last
week.
W. A. Fleming, Esq. visited friends in
Parker twp. last week.
Mrs. John A. Richey of Butler visited at
E. G. Fleming's last Friday.
Mrs. A. B. Richey of Butler visited
friends at Parker and Petrolia last week.
PBKSIDEXT PEIXTO telegraphed to the
Brazilian minister at London, last week,
that one of the rebel ironclads had been
sunk in ihe harbor of Rio by the fire from
the batteries.
WILSON BALDWIN, editor of the Herald
at Erie, Pa. was appointed Collector of
that port, which was a snub for Sibley by
the President for his free silver speech.
Sandy Hill and Vicinity.
It is reported:
That S. B. Harbison has completed his
straight run. It is 100 rods long.
That Win, Klingelsmith intends leaving
uext week.
That Sandy Hill school has 47 names on
the roll. B. A T.
wder J
A c re tm-of tartar I akir g po*d«-r. Hijfh
est of all in leavine strength — Late
I'nittd. States Gctd tmunt Feed It<fort.
Royal Eaklng Powder Co.,
106 Wall St.. N. Y.
C. & D.
ALWAYS
Take into consideration that money
saved is as good as money earned.
The best way to save money is to
buy Rood goods at the right price.
The only reason that onr trade is
increasing constantly is the fact that
we handle only goods of first quality
and Bell them at very low prices
We have taken anusnai care to
provide everything new in Hats and
Furnishing Goods for this season,
and as we have control of many
especially good articles in both lines
we can do you good if you come to
us.
We confidently say that in justice
to themselves all should
inspect our goods.
Visit us.
COLBERT & DALE,
242 S Main street,
Butler, Pa,
We are pleased
to inform those who
appreciate clothes
that are comfortable
and fit correctly,
that our selection of
Fall patterns are
here. They are
handsome and mod
erate priced. See
them.
Aland,
Tailor.
Hotel Butler,
J. H. FAUBKL, l'rop'r.
This house has been thorough
ly renovated, lemodelcd, and re
fitted with new furniture and
carpets; has electric bells and all
other modern conveniences for
guests, and is as convenient, and
desirable a home for strangers as
can be found in Butler, Pa.
Elegant sample room for use of
ommercial men
DEATHS
LOGAN —At his home in Millerstown.
N'ov 17, IS9U, Charles G. I.og&n, fgeil
19 rears. He was buried at Buffalo.
N Y.
OESTERLING—At her home near Mil
lers! own Nov. 21, 1893, Mrs. Chas. Oes
terling. daughter of Leonard Frederick.
KEXN'EDY—At the residence of her pa
rents, in Laneville. Nov. 21, 1893,
of blood poisoning. Eiia,
daughter of Timothy and
Bridget Kennedy, ageu 15 years.
BLINN—At ber home in Franklin twp.,
Nov. 20. 1893, Mrs. Blinn, widow of
Phillip Blinn, aged abont 70 years.
CRILEY—At his home in Jefferson twp.
Nov. 26, 1893, Peter Criley, aged 85
years.
LAIKD—At his home in Butler. Nov. 26.
1893, Harry, son of Harry Lairc. aged 3
years.
EYTH—At her home in Butler, Nov. 25,
1893, Stella, daughter of Martin Eyth. in
her 22d year.
WINNER—At his home in Oakland twp..
Nov 25, tats, Edward Winner, aged 80
years.
GREENE —At her home in Clearfield twp.
Nov. 25. 1893, Mrs. Hugh Greene.
HUSELTOX—At his;home in Oakland twp
Nov. 29, 1893, Wm. Huselton. aged
about 70 years.
O'DONNELL—At the home of his sister,
Mrs. Brid(tHt Gatens of Clearfield twp.,
Nov. 25, 1893, Charles O'Donnell, in his
59th year.
Mr. O'Donnell was one of the jurymen
for this term of Court, and he served as
such up to Wednesday nooD of last week,
w hen he was taken ill. He complained of
being short of breath (he was troubled
with asthma), and it was noticed that bis
face and head were covered with prespira
tion. He started home in a wagon that
afternoon, but became so sick on the road
that he was taken off the wagon and into
the home of his sister Mrs. Gatens, wnere
he lingered till early Saturday morning.
OBITUARY NOTES }
Congressman O'Ncil, of Philadelphia,
who has been a member of the House tor
for 28 years, died l&st Saturday.
' BERKIHER S TAYLOR,
Funeral Directors and Embalmers
iam ord I 'cik, next door to
Post Office, Butler, Pa.,
prompt attention given
to orders, day or
night.
LEGAL ADVERTISEMENTS
Administrators and Executors of estate?
oan secure their receipt books at the CITI
ZBH office.
Notice.
Owins to the recent death of 'Win
Campbell, the senior member of the firm
of J. G. A W. Campbell, it becomes nec
essary lor the new tirm, which will con
tinue under the name ot J. ti. & W. Camp
bell to open a set of new books and close
out th«j accounts of the old firm. All per
sons knowing themselves to be indebted
to said firm or having claims due will
please call for settlement at the old stand
at once.
J. G. <T W. CAMPBELL.
Dec. 1, 1893.
Administrator's Notice.
Notice Is hereby given I hat letters ot adminis
tration on the e*uit« oi Frederick Hurry, late
of the iwp. of Franklin, county of Butler
and state of Pennsylvania, deceased, have been
grunted to Elizabeth Hurry, resident ot said
township, to whom all persons indebted to said
estate are required to make payment and those
having claims or aemands will make known
the saine without delay.
MllS. ELIZABETH BUKKY. Admrx.
Mt. Chestnut P. O.
Butlei Co., Pa.
8. V. Bowser. Atty.
Notice.
Notice Is hereby given that Charles F. Goeh
rlng, assignee of J. F. SchaefTer. has died nls
final account as assignee. In the ofllce ot the
Prothonotary of the Court of Common Pleas of
Butler county, Penn'a., at M's. D. No. 3. l)ec.
Term, lsicj. and that the same will be present
ed to said Court for con 11 r mat ton and allowanc
on Wednesday, the ah day of December, 1893.
Prothonotary's Office, JOHN W. BROWN,
NOV. 4, 1893. Prothonotarv.
Executors' Notice.
Letters testamentary having been granted to
the undersigned under the hist will and testa
ment of Daniel McDeavitt, dec d, late of Brady
twp.. Butler county. Pa., all persons knowing
themselves indebted to the estate of said de
cedent will please call and settle and any having
claims against the same will present them duly
authenticated for settlement.
MAKY A. MCDKAVITT,
JOHN H. MCDBAVITT, Executors.
A. M. Cornelius. Att'y. West Liberty, Pa.
Administrators' Notice.
Letters of Administration,C. T. A.,on the
estate of Nicholas King,dec'd.,late of Con
cord twp., Butler Co., Pa., having been
granted to the undersigned, all persons
knowing themselves indebted to said es
tate will please make immediate payment,
and any having claims against the same
will present them duly authenticated for
settlement to
MARY KINO, Adm'x.,
Jas. N. Moore, Peachville P. 0.,
-Att'y, Butler Co., Pa.
Administrators' Notice.
ESTATE OF WILLIAM BL'KTNEK.
Notice is hereby given that letters of ad
ministration on the estate of William Burt
ner, dec'd, late of Clinton township, Butler
oounty. Pa., have been granted to the under
signed, to whom all persons indebted to said
estate are requested to make payment, and
those having claims or demands will make
known the saaie without delay.
L. 8. LARDIN,
E. WESTF.RMAN
Administrators.
McCANDLESS' HEAVE CURE.
I have a lleave Cure that will cure any
case of heaves in horses in forty days, if
used according to directions, and if it does
not do what I claim for it, I will refund
the amount paid and no charges will be
made for the treatment. The fallowing
testimonials are the strongest prout of the
medicines power to cure:
A. J. MCCANDLKSS,
Butler, Pa., 1893.
MR A. J. MCCANDLKSS:
On the 2nd day of April, 18912, I com
menced to use your new cure for one ot
my horses that had the heaves very bad,
and continued to use the medicine for
about forty days and the horse did not
show any signs of a retgin of them. It is
now about a year since I quit givin the
inedic\ne and the horse has never sowed
any signs of heaves, and I feel stisfied
that he is properly cnred.
W. C. CRISWBLL,
Butler. Pa., April 3, 1893.
A. J. MCCANDLKSS:
I havo used your Heave Cure and found
it will do the work if used according to di
rections. Yours truly,
R. J. MCMILLIN.
L. c. WICK:
DKALER IN
Rough and Worked Lumber
OP ALL KINDS
Doors, Sash, Blinds, Mouldings,
Shingles and Lath
in Stock.
LIME. HAIR AND PLASTER.
Office opposite P. A W. Depot,
BUTLER - PA
CT BU6GIES at h Price i&rq
( AUTS A HARNESS.——
Top ftutrtrj 137! w© on th#> /
titt Phaeton |M PRICES IUJ«1
4 Top Surrey.§ 4? outarll ALL
*SO Koad Watfoii. *£> QOBUMtttoW.
116 K<*<l ('art t* liujr of far- 533
UuSiTJ llariitwj, $3 *.'» tor? and
•lMtutcflT " Mi'ld icoiau's fwmSk
#9O T«un sl'2 profit.
mm? Saddle |1 IftlCil'f'e Km.
Am- r. f*. BI VOV Jk CJAKT r«. * #l '{K
i&ytfg IMI2 Lawrvac* it, Cincinnati, 0. *l° V
♦GLOVES*
arc our specialty this week.
50c Gloves for 45c
75c Gloves for 65c.
S.IOO Gloves for 90c.
And oar Entire Glove Stock at Equally
Low Prices.
THE RACKET STORE.
120 South Main Street, Butler, Pa.
FRANK KEMPER,
DEALER IN
BLANKETS,
HARNESS,
And everything in
horse and buggy fur
nishing go ods-H ar -
ness, Collars, Whips.
Dusters, Saddles, etc.
Also trunks and va
lises.
Repairing done on
short notice.
The largest assort
ment of 5-A. Horse
blankets in town will
be found at Kemner's.
PURE 01ICS 11101
I PRICES is the motto at oar
J, sto re.
If you are sick and Deed medicin
you want the BEST. This ran
always depend upon getting from as,
as we use nothing but strictly Pure
Drugs in our Prescription Depart
ment. You can get the best of every
thing in the drug line from us.
Onr store is also headquarters for
PAINTS OILS, VARNISHES
Kalsomlne, Alabastine k
Get our prices before you buy
aints, and see what we have ro
ffer. We can save you dollars on
your paint bill.
Respectfullr
J. C. REDICK,
Main &t..next ((Hotel I.tviy
BUTLER, PA.
■■■ a || vm MEN. local or travel
-111 A M I L 11 ing. to sell my guaran.
■■ 14 II I L IJteed NTRSEKT STOCK
Salary or Commission -
paid weekly. Outfit free. Special attention
given to beginners Workers never fall to make
good ;weekly wages. Write me at once for par
tlculars.
E. 0. GRAHAM. Nurseryman.
(This house la reliable.) ROCHESTKR, N.
J. J. DONALDSON, Dentist.
Butler, Penn'a.
Artiilclal Teeth Inserted on the latest im
proved plan. Gold Killing a specialty. Office—
over Schaul's Clothing Store.
V. iVIcALPINE,
Dentist,
Is now located In new and elegant rooms Ad
joining his former; ones. All kinds of clasp
plates and moderen gold work.
"Gas Administered."
DR. S. A. JOHNSTON.
DENTIST, - - BUTLER, PA.
11 Gold Killing Painless Extraction of Teeth
and Artificial Teeth without Plates a specialty
Nitrous Oxide or Vitalized Air or Local
Ana'Stheties used.
Office over Millers Grocery east or I.owry
House. _
Ofllce closed Wednesdays and Thursdays
SAMUEL M. BIPPUS.
Physician and Surgeon.
«oo West Cunningham St.
L. BLACK,
RNYBICI>N AND PL'BO EON,
New Troutmau Building, Butler. Pa.
K. N. I.EAKE. M. D. J. K. MANN. M. 1
Specialties: Specialties:
Gyusedogy and Sur- Eye. Ear, Nose and
gery. Throat.
DRS. LEAKE & MANN,
'.Butier, Pa.
Hotels and Depots,
W. 8. Gregg is now mniDg a line
of carriages between the hotels and
depots of the town
Charges reasonable. Telephone
No. 17, or "leave orders at Hotel
Vogeley.
(Joo(l Liven in Conneclion
ran t-t t!i«> iiVST
J II: . VTION I.Tttll
M / i. -il puriKiM-s ul
£#oEi<*Bs!L.
Rlegant Rooms; Modern Methods; Kxperfcaoad
suci-mi. sj*viui aiivmi-
Uu:«•* in Hbortlufcud Tvi**writiuK. Write Hut
OMAiouuc- 11. C. CLAHK, Pres.
b. M. HWKKT. bee
Grind Your Own Corn Meal. Oyster
Shells and Corn in the Hand Mill.
(F. Wilson's Pat.) Circulars Iree.
"Also Power and Kami Mills. Send for
illustrated circulars and testimonials."
•
■ «, -r ;
' r- * j
100 per ct. mote marie in keeping poultry.
Address
WILSON BKOS., Easton, Pa.
PODLTRYMEN!
Oar Green Bone Cutter will dou»
ble your egg production.
Best and Cheapest iu the market.
Circular free.
WEBSTER A HANNUM,
Cazenom, M. ¥
is Coming*
~H.++++mi++++«i
-011 l £ BfSfc-Buy your presents I
Christmas Sale no,v " hile s,ock is com "
pletc, and, if you desire,
ComtnenceH
■* -v r we w '" deliver the day
r IvIL)A 1 , before Christmas..^
DEC. 1, 1893.
IfMMBHHaMHa
We are showing a large assortment of Beautiful and Useful Pres
ents. No trouble to find something to suit vou if you COME AT
ONCE.
NOTHING NICER THAN ONE OF OUR
Banquet Lamps, Brass Lamps,
Piano Lamps, Onyx Stands,
Oak Stands, Mahogany Stands,
Gold Chairs, Pictures,
i Easels, Screens,
Music Cabinets, Book Cases,
, Writing Desks, Blacking Cases,
Couches, Rugs,
Rocking Chairs in Endless Variety.
O J
\ -Mil Fine Decorated Pottery#-
WE HAVE
I Doulton, Royal Worcester, Tepletz and
r Many Other Fine Makes.
> VIN TABLE WARE***
1 WE HAVE
China Dinner Sets,
Porcelain Dinner Sets,
1 Plain White China Dinner Sets,
Fancy Dishes of all Kinds.
: -TOILET SETS
CAHPIELL & TEHPLETOit
Butler, - Penn a.
The First Cold Wave
Of the Season Reach
ed us This Week
And is liable to be followed if weather predictions are realized by
many more of much greater severity. We are prepared for it and can
oft'er you seasonable goods in all our different departments. Hard
times did not prevent us laying in a large stock of
Stylish Winter Wraps,
Dress Goods and Millinery,
i
and we never had such an elegant line of Hosiery, Underwear, and
words fail to describe our Blankets, Flannels, Yarns, Outings, &c.
A visit to our
Hammotb Cloak and Millinery Department,
which is the largest and best lighted in Butler county; will convince
you that this is the Ladies' Emporium for styles, finish and quality.
The Celebrated Rothschild Wraps need no comment, as they are
acknowledged to be the best fitting garment manufactured in this
county. The only place outside of Pittsburg where you can get these
wraps is at the popular store of
Jennie G. Zimmerman.
N. B. Space prevents us quoting prices, but we guarantee our
prices to be the lowest in Butler county in each and every depart
ment of our store. HOT COFFEE ON SATURDAYS.' J. E. Z.
DON'T YOU THINK
You had better be getting your
WINTER FOOTWEAR?
The boys and girls are now going to school. The cold, wet
weather is here, and they must have boots and shoes that will posi
tively keep their feet dry and warm.
SHODDY GOODS WON'T DO IT
No one can afford to have cold, wej feet. It costs too much to
settle THE DOCTOR'S BILL. It's penny wise and pound foolish.
IIUSELTON
keeps the kind at Footwear you are lookiug for, both ia quality and price, and wh;,t he
tells, vou can rely on is right.
READ A FEW PRICES:
Men's Kip Boot*, tan sole box-t " $3.0(1 and $3.50
Men's Kip Boota. sole leather counter 250 and 2.7 c
Men's Heavy Boots, prime 1 -40 «nd 2.00
Men's Heavy Shoes 70 and 1.00
Men's Fine Shoes, Con'g. and Bals and 1.00
Boys' Extra Prime Kip Boots 1.75 and 200
Boys' Extra Heavy Boota 1.25 and 1.50
Boys' Heavy Shoes '. 76 and 1.00
Boys' Fine Shoes, button and lace 1.00 aud 1.25
Boys' Extra High Cut Tap Sole Shres 1.75 and 2.00
Women's Fine Shoes, button 85c., 1.00 and 125
Women's Extra Oil Gra u Button Shoes 1.00 anil 1.25
Women's Extra Oil Grain Lace Shoes 1.00 and 1.25
Women's Veal Kip Lace Shoes 75 and 1.00
Women's Kip Shoes, uulined. SI.OO, 1.25 and 1.50
Misses' Good Heavy Shoes 75 and 1.00
Misatu Fi-ie 1 Kid Button 75
Misses Fine i>ongol» Button, Pat. Kip 1.00
Women's and Misses' Kip md Calf Shoes a specialty.
Women's Warm Flannel Lined Shoes 75 and 1.0
Women's Warm Flannel Liurd Slippers »o
WE LEAD IN RUBBER GOODS!
Men's First Quality Rubber Boots _ 2.40
Boys' Rubber Boots 1.75 and 200
Ladies' Rubbers _ 25
Ladies, Fine Gossamer Rubbers and 45
Children's and Misses' Rubbers 25 and 3"
Men's and Women's Piccadilly Rubbers for Narrow toe shoe* ...»
Men's Hip Boots, all styles, in Alaskaa and Buckle Arctic*
Meu's Felt Boots and Rubbers .*. 2.> 0 .
Boys' Felt Boots and Rubbers 1.85
I haven't had time to count the uuuiber of pairs I have in all these goiids, but I will
say I have iwice as many as any other house in Botler, and buttt* goods au 1 lower pri'«».
We don't carry our stock in the newspaper. Come and see u«.
B. C. HUSELTON.
No. 102 North Main Street - Butler, Pa.