The Butler Weekly Times Newspaper, February 15, 1894, Page 4

\ However, B:JTLER WEEKLY TIMES J. D. ALLEN EDbrror. J. D. Atten & Co., Ptoprietors. TERMS OF SUBSCRIPTION: The Weekty Times, published every Thureday, will be sent to any address ane year, postage paid, for $1.00. President Cleveland shook the tree Monday and a big batch of plums fell to democrats, many of them being gathered by Missourians. Hon. D A. DeArmond, of the ju- diciary committee is opposed to addi- tiouxl bonds being issued by the government.—Laimar D+ mocrat. Congresswan Wiliam Wilson, the “great tariff reformer, spent Saturday, @.uday and Monday iu Kansas City. He was on his way to Mexico for a rest The federal election law has been repealed by the Senate and received the signature of the President. Now let us have prompt action on the tariff. Mrs. Ingalls denies the statement ‘published in the papers that her husband, ex Senator Ingalls, has ‘been converted by Sam ; preaching at Nashville, Teno. Jones John W. Love, cashier of the first National bavk of Elmira New York has absconded with $50,000 of the bank’s funds. He left a letter saying be was insane. On account of the theft the bank closed. If the people wuuld take as much int- rest in pressing their representa tives to vote for and pass the taiff bill as the manufacturers do in op posing its passage, a different state of affairs would exist at Washiugtou The Herald has not heard, now that the House has passed the Wil sou bill, that the price of mining land is declining. Nor has it been reported that mine operators are abandoning the lead mines.—Joplin Gerald. It isa misrepresentation of facts ‘@n the part of some of the Republi can papers to claim that in order to defeat the Hawaiian resolution “the ‘Democrats have been running away from Washington, or have bee: aneaking about in hidden places in the capital for the last twenty four hours.” The truth is that the Re publicans refused to yote aud the quorum was broken for just one sit ting. The next day it was easily obtained and the resolution went through without trouble. Nothing 13 tobe gained by lying —Kansas City Star. Hon. W. H. Davis was in town ‘Tuesday on business before the eeunty court. He improved the op- portunity to shake hands with hun dreds of his old friends. Mr. Davis has ably represented Henry county in the legislature for the past four years and his manly stand for hon- esty and economy in the administra tion of public affairs gave him a state wide reputation. He was the ove man whom railroad attorneys and corporation lobbiests feared and hated most. Many of his friends in this, Bates and St. Clair counties have urged him to become a candi date for State Senator, but he says he likes home better than politics. the vigorous fight he made to tax public franchises and in this way reduce our state and coun- ty tax something like one half, may yet compel him to accede to the wishes of his friends.—Clinton Eye. A Better Democrat. “Shelby wasa better Confederate soldier than Cockrell, and therefore he is a more orthodox democrat — lobe Democrat. on superiority of rank and higher and more extensive command con- stitute one man a better soldier than another, then our esteemed contem- porary is in error in its deduction CARLISLE ON FINANUES. Report of His Hearing Before the Judiciary Committe Made Public. | Views of the Secretary of the Treasury Upon the Questions of the Hour— Silver Seigniorage, Bonds and Dis- Finances in General | cussed. | Washington, D C., Feb. Secretary Carlisle's exact views and policy on financial questions, includ jins silver seigniorage, bonds and | tiuance in general, are set forth aud amplified in the important document which reached the House Committee ou Judiciary to-day It is the sten jograpbic report of Mr Carlisle's secret hearing befure the committee some time since The testimony of this seeret hearing shows that, con cerning the coinage of silver seign iorage, Representative Oates asked: “I want to ask you if there is avy objection to the position about com- ing the seiguioraye and issuing cer titicates against that?” Secretary Carlisle replied: “Well, the effect of that would be that the Secretary of the Treasury would issue silver certificates calling for dollars, I suppose when there were vo dollars behind them, and if they camein for redemption, as they might,the Secretary of the Treasury would be compelled, I suppose, to use gold or whatever else he had to redeem them.” Mr. Boatner. Could you not coiv the silver and use that? Secretary Carlisle. Yes, iu about two years; it would take about that time Mr. W. A. Stone (Penn.). Have you not got enough silver to redeem it? Secretary Carlisle No, sir. Cer- tificates are outstanding against what we have, except about $5,000, 000 or $6.000,000. Mr. Stone What would be the objection to the issuing certificates on account of the seigniorage? Secretary Carlisle. I was going to state that if we should issue cer tificates with nothing behind them but bullion I think they would b+ greatly discredited in the public mind Mr. Stone. And in order to keep up the credit you would have to redeem them iu gold? . Secretary Carlisle They would have to be redeemed in something Mr. Stone. If you redeemed it in silver it would be discredited and you would have to redeem it in ueld? Secretary Carlisle. They would call for silver dollars, and there ar+ no silver dollars to redeem them Iu answer to a question as to how fast the coinage of the seiguior age could be pushed Mr. Carlile said: “Lf all other coinage was suapend ed at the mints, I estimate that we could coin about 4,000,000 silver dollars per month, or 48,000,000 a year” The bond question was treated very elaborately by Mr. Carlisle Hie purpose as t+ usiug the proceeds of the shares of bonds is sharply set forth in the following colloquy: Mr. Stone. I understand your purpose is simply to sell bonds to redeem United States notes and Treasuy notes and the surplus to re plenish the reserve fund? THE GOVERNMENT'S CREDIT Secretary Carlisle. That is my purpose, but I want to say to you, gentlemen, that the Secretary of the ‘Treasury may be contronted ‘hereaf ter with a serious question as to what he can do im the event Congress fails or refuses to make provision to supply the deficiency. Suppose, for instance, Congress passes a law, which it does every session. making appropriations for some particular purpose—the payment of pensions, for illustration—aud makes it the duty of the Secretary of the Treas ury to pay them out of any money in the Treasury not otherwise ap propriated—and the Secretary of of the Interior makes a requisition upon the Treasury Department for mouey to pay pensions. The Secre tary of the Treasury finds no money in the Treasury not otherwise ap propriated except the money that has been received from the sale of bonds. He will be confronted with the questions whether he will stop the payment of pensions, whether he will stop the payments upon pub buildings, whether he will stop the payment for work upon rivers and harbors, whether he will withhold Il was a major-general; Shelby, a brigadier. Cockrell served with distinguished gallantry on the east side of the Mississippi and par- ticipated in battles and sieges which far surpassed service seen in Missouri or the Southwest. Within his field of duty Shelby’s services were not excelled by those of any commander on either side, but Cockrell had higher rank and a larger field, and was several times badly wounded in action, as was the gallant Shelby. Beth are true and tried democrats and one is no better than the other. —Sedalia Bazoo. salaries, or use the money in the Treasury not otherwise appropriat ed. Mr. Boatner. Would you consid- er it improper to give your opinion as to the duty of the Secretary of the Treasury? Secretary Carlisle. I will give it very plainly. I believe that it is my duty to pay pensions and all other public obligations, and unless Con gress stops me I shall do so. While Istay there I shall endeavor to maintain the credit of the Govern- ment by paying its obligation. Mr. Boatner. Out of the proceeds jis a doliar 10.— } of the bonds which you now propose sell? Secretary Carlisle. I would not | use the proceeds of bonds if it were ;possibie to avoid it, but I would |uot let the obligatious of the Goy e:pment go to protest and ful to pay the appropriations made by Cougress for legitimate purposes and for carrying on the expenses of the Government as loug as there in the Treasury. Mr. Carlisle further stated his re luctance in resorting to bonds. As to the kind of a bond which Mr. Car lisle thinks congressmen should au- th: rize there was the following. Mr. Boatuer The plan that you suggest to remedy this trouble would be for secretary to issue bonds tor a specific purpose; is that the poiut? Secretary Carlisle. I think a short time bond should be authonzed, bearing a low rate of iuterest, to be issued in small deuomiuations, which [ think would be taken larg-ly by the people who have money 1 savings bauks, aud the secretary could sell them and use the proceeds iu payment of expenditures, and re deem them out of the further reve- nues. That was my recommenda tion on the subject, simply because { eaw it was impossible for congress to provide by taxation any revenue which could be collected in time for this fiscal vear. THE “GOLD CAUSE ” Mr. Stoue Aud you didu't see and disposition ou the part of con gress to do it? Secretary Carlisle. I concluded to issus boids under the ‘ex:sting authority, a thing I disliked as much as any gentleman upon this commit tee, for I did uot want to see the public debt of the country increased tn any Way whatever, or for any par pore whatever. The “old clause” in Mr. Carlisle’s offer of bouds brought out the fol- lowiny explanation: Mv. Duley. How are you to be paid for the bonds now advertised for sa)? Do you demand gold coiu? Mr Catlisle. Yes, sir; the propo sal ca! for gold coin Mr Batley. This is the first time tbere las been avy discrimination Mr. Carlisle. No; Secretary Sher man s ld bonds for gold coin. Mr Bailey I mean this is the first time since the act of 1878 was asse|. When Mr. Sherman sold these bonds gold was the only legal tender. Mr. Carlisle. What the act says 18 substantially this: Congress has invest d me with authority to issue bonds and sell them for coin. I will uot issue bonds and sell them unless ‘he purchaser will give gold coin for them, because gold coin 18 what is need) d to maintain resumption and he parity of two metals. Mr. Oates. Bonds are made pay sble in coin? Mr. Carlisle. Not gold coin, but i. coin, wheu congress compelled the secretary of the treasury by law to buy $156,000,000 worth of silver it specitied in definite terms the buying of silver and he did it. Mr. Carlisle's views were then se cured on the plan of auother issue of greenbacks He was asked if it would not be feasible and practica- hle to authorize the secretary of the treasury to issue treasury votes suf ticient to relieve the wants aud ne cessities of the treasury The secre tary said: “Why, of course, congress could do that, and the secretary of the treasury would use them. If you ask me as a_ financial question whether I think it was wise in con- gress to authorize the issue of $200,- 000,000 in greezbacks, I should say} n>; because I believe, in the first place. there 1s an ample supply of money in the country for the busi- uess that is being transacted and a great deal more than is being used.” In concluding tbe hearing Mr. Carlisle expressed himself vigorous ty as to the validity of the present bond issue. He was asked by Mr. Sione if the bonds would be hurt by legal questions. Mr. Carlisle. No; because if the secretary of the treasury should is sue those bonds and take the gold and dump it in the middle of the At lantic Oceau it would not vitiate the bonds. Public Sale. 1 will sell at public sale at the late residence of OliverC. Frazier, deceas- ed, 3 miles southwest of Dayton, Cass county, Mo., on THURSDAY, FEB. 22d, 1894, the following described property, to-wit: 16 head of brood mares; 11 poniesand colts; 2 geldings; 1 stallion; 8 head of three-year-old mules; 5 head of 2-year-old mules; 11 head of yearling mules; 2 yearling colts; 3 two-year-old colts; 4 head of fat cows; about 50 head of stock hogs. Also one organ 1 sewing machine; 1 elock; 2 stoves; 2 wagons; 1 binder; 2 mowing machines; 2 rakes; 1 iron roller; 1 corn planter; 1 harrow; 2 breaking plows; 1 sulkey plow; 2 cul- 1 grindstone; about 20 tons of hay; and many other things to tedious to mention. TreRMs:—There will be 12 months eredit given without any interest, purchaser gi over $5, under $5 cash in hand. If not paid when due will draw 8 per} cent interest from date per annum. Sale to commence at 10 a. m. Cc. A. KIMBERLIN, Administrator. c. B. Lewss, Auetioneer. tivators; 1 saddle; 3 sets of harness;/ Southern Busine<« Revivirg. { Baltimore, Feb. 10 —In the week- | ly review of the conditious of bus ness in the South the Manufacturers, Record says: There is generally a decided improvement with increas- jing activity in many directions. A large pumber of Southern factories, | including a rolling mill that em ploys nearly 1,000 bands and an iron pipe work that employs 40@ or 500, have started up during the week | The Newport News ship yard is e - gaging 1,200 additional hauds to work on contracts lately secured. | Bauk cleariugs show | ment compared with other sections. | an improve- It Might Have Been Prevented. [From the Boston Post.] While the walks in the Public Garden | were crowded yesterday afternoon about | 4.30 o'clock, people near the entrance gates | at the corner of Beacon and Charles streets were horrified to see a man suddenlx plunge a kuife repeatedly into his throat and fall to | the ground. | While waiting for a conveyance an officer | questioned the would-be suicide, who w about 50 years of age, as to his name, address, and reason for wishing to end his life, but | the man steadfastly refused to give any infor- ding himself. He was taken to nusetts General Hospital and ttendance given him. Although < from loss of blood it is probable he recover. About 9 o'clock last night a hospital attendant got a little information | from him. Hesaid his name wa muel 1)—-, and that he came some y from New Brunswick. The las his head has felt queer, and he has been w dering about the city, not knowing which way What impelled him to commit his ct he was unable to say. The above is the familiar but terrible story of the results of mentalderangement caused by overstrain of the neryous system. | People who have dizziness, headache or back- ache, or who are troubled with melancholy or despondent feelings, are already well on the road which leads to insanity and suicide. Dr. Miles Medical I cannot find language in which to express my apprecia- tion of the great benetit I have derived | from the use of your Restorative Nervine. When life became a burden I would use the | Nervine to soothe my weakened nerves, and tocalm my exhausted and irritable brain.” —Mnrs. H. Brown, Rochester, N. Y. Dr, Miles’ Restorative Nervine has no equal in curtna Nervous Diseases. It contains no opiates or dangerous drugs. Sold on a positive guarantee by all druggists and Dr. Miles Medical Co., Elkhart, Ind, ow 1 the time to of the Cheap Prices, SAM'L LE ng bankable note with | Satisfactory security on all amounts! Heare. A Tornado Down South, scsieastioneeeneenceeeeee wrecked. It then passed in a west- New Orleaus, La, Feb. 13.—A | erly direetion through the country, passed over Central Mississippi about 11 o'clock yesterday, doieg considerable damage. It 1s reported that Newtou, Miss., has beeu wiped off the man, but | this lacks coutirmation on account of the wires being dow: Just ou the outskirts of Wesson, Miss., five houses were wrecked but uo one badly hurt At Troy the eburch sebool building, a and several houses wee | tornado, accompanied by heayy rain, leaving ruin and desolation 1 its tracks. Several negroes are report- ed killed betweea Troy and Dunham. At Danham two churehes anda number of houses were blown down, several people being injured, but none so far as heard killed ™ Mrs Hennesey of Kansas City, gets $900 dameges for the loss of her boy, Toumy, of the Bavarian Brewing company. The Oayx quarries xt Ste. Gene- vieve and Washington have been closed on account of there being ao demand for the stone The sales of fertilizers are heavy and ~ spring jobbing trade out 1s promis = ing H 8 a —— DEALERS IN— Attempt at Suicide. Bradley and John Deere, Stirring Plows,Steel frame Lever Harrows ‘Deere and Challenge highand low ‘wheel all steel frame Corn Plant- ers with check-rower and drill combined. Deere Spring Trip Co tivat-rs, Stalk Cutters, Grub Plows, Dise Riding Cultivators, Road Plows, New Departure Tongueless Cultivators, Farm Wagons. all kinds of Grass and Garden seeds, Hardware, Groceries, Stoves, Barb wire. Queensware, Buggies, Spring Wagons and Road Carts. We always pay the highest cash or trade price for all kinds of country produce. Bennett-Whee ——s et Mercantile Co. Of Dress Goods which Cannot be Equaled in the City, On Neling Ot at Reduced Prices in Order to Make Room for Mn GUD, ~- take (vantage & CO, Fy 5 i j ; 2 3 Ef q | a