The Butler Weekly Times Newspaper, January 31, 1895, Page 4

i i | i } BUTLER WEEKLY TIMES BOND ISSUE ADVISCD. J. D. ALLEN Epiror. i he President Sends a Special * — {| J. D. Atten & Co., Ptoprietors. Message to Congress. gold. aud therefore | 5 | their desirability as investwents It but it is not iu ‘is by uo means certain that bounds dves vot meet our difficulty. of this deseription can mach longeT I cau not see that differences of} be disposed of ata price creditable opinivuu concerning the extent to | to the financia! character of our gov-'whieh silver ought to be coined or | jerument. The most dangerous avd) used 1 our curreney should interfere lirritating feature of the situated,’ with the counsels of those whose | THE OAK GARLAND. THE BESTIS T HE CHEAPEST — Z | . MON STUREESTED | TERMS OF SUBSCRIPTION: | PROMPT ACTION SUGGEST ED | powever remains to be mentioned. | duty 1: 18 to reetify evils pow appar | ~ The Weexty Times, published eyery | Ie 1s found in the means by which |ent iu our financial situation They | Thursday, will be sent to any address! Present Financial Evils Must He |tbe Treasury is despoiled of the have to consid-r the question ot ene year, postage paid, for $1.00, | | x THE PRESIDENT’S MESSAGE. We publish the President's spe Cial message in full and invite it careful reading. The necessity for intelligent legis- lation on the currency question is pateut to all. Another fact equally es patent, unless such laws are en- | ected that will restore coufidence in the stability aud permanency of our toouetary system throughout the world, there will be a financial panic | tn comparison to which past panics will pale into insignificance Another fact, which will readily | be uppreciated by any thoughtful man, it isan impossibility to have two variable units of measure. Gold is the standard for the money of the world, and always will be. It is ime possible for this country to adopt @ silver basis and do business in the searkets of the world. Our people are friendly to silver coiuage and want it coined so long @s a parity is maintained between the two metals, but in maintaining that parity it must be on a gold basis. The importance of this question to the needs of the country has passed the bounds of partisan poli- tics, and patriotism must now step fu and save our country from pending evil, and to this end Mr. Cleveland makes his appeal. | The law which makes it possible for speculators to keep the treasury drained of the gold, no matter to what extent it may be replenished, was enacted by a republican con- Gress, the same as the Sherman law, ard that law should be repealed by this congress, even if it is too late to | pass such a currency bili as the aseds of the sountry demand. HELP THE POOR. The Rich Hill papers report great destitution and among the} miners of thet vicinity, and in the statements made, if hal! the truth be told, the case isa despa ove and one that the good aud noble! weople of this should filow to exist for a single day. These miners are good, honest, hard working people and that they are @estitute the fault cannot be laid at! their door. Unfortunately for these Saboring men the demand for coal fhis winter, from some cause, bas been very light and for the past six or eight months, when there should have been employment for all in the mines, the operators have been gearce of orders for coal and from this cause could furnish the men but Little work. Hoping for a reaction the miners have waited in vain, and in so doing their savings g~adually | vanished until a large majority of them, includiog their families, have come to actual want. We believe! every good citizen will agree with the Tives that this state of affairs ehould not be permitted to exist in Bates county, and that the good people of Rich Hill, who are re- sponding to the calls for aid should not be made to bear the entire bur Gen in caring for these unfortunates, Butler should come to the rescue, end not only this town but the en- | dire county should hear the appeals of the suffering and lend a helping hand and a generous response. When mev, women and ciildren are begging bread there is no time: to waste in theorizing as to the cause of the trouble, immediate action is what ie wauted, and it is to be hoped that each township in this section of the county will take ibe mater up and with promptness make liberal donations of clothing end provisions to relieve these peo- ple of their present unfortunate con- dition. Send your contributions to éhe mayor of Rich Hill, and he will see that the donations are put in the hands of the proper persons for dis im- want county nov | | | | Remedied at Onee. ‘O TIME FOR PARTISANSHIP Long Term Bonds Necessary To Maintain The Reserve,— Must Credit Washington, D. C., 28 — The President to day seut to Con Sustain Our Jau gress the following special message the touse of Representa on the financial question: To Senate and tives: Tu my last annual message I com mended to the serious consideratiou of Congress the condition national finances and in of our connectiou with this subject indorsed tue plan of currency legislation which at tbat time seemed to furnish protection against inpending dauger This plan bas not yet been approved by Congress. In the meantime the sit- uation has so changed and the emer- gency now appears so threatening that I deem it my duty to ask at the hands of the legislative branch of the government such prompt and efficient action as will restore fidence in our con- financial soundness aud avert business disaster and uni versal distress amoug our people. Whatever may be the merits of the} plan outlined in my annual wessage | then and as a safeguard against ibe de as a remedy for ills existing pletion of the gold reserve then in the Treasury, 1 am now convinced that its rejection by the Congre-s and our present sdvanced stage of | financial perplexity necessitates ad ditional or different legislation. With natural resources in varied productive strength and with a people whose activity and ea terprise seek only a fair opportunity to acheive national greatuess, our progress should so: ! unlimited success) and be checked by a false financial poli cy and a heedless disregard of sound monetary laws nor should the timid. | ity and fear which they engender stand in the way of our prosperity It is hardly disputed that this pre- dicament confronts us to-day. There fore,no one in any degree responsible for the making and execution of ow laws should fail to see a patriotic duty in honestly and sincerely at- tempting to relieve the situation. Manifestly this effort will not suc ceed unless it is made untrammeled | by the prejudice of partisanship and | with a steadfast determination to re- sist the temptation to accomplish party advantage. We may well re- member that if we are affected with financial difficulties all our people in all stations of life are concerned and surely those who suffer will not re ceive the promotion of party inter- est as an excuse for permitting our present troubles to advance to a dis-! astrous conclusion. It is also of the utmost importance that we ap proach the study of the problems presented as free as possible from the tyranny of preconceived opinions to the end that in a common danger we may be able to seek with un clouded vision a safe and reasonable protection. The real trouble which confronts us is alack of confidence, widespread and constantly iccreasing, in the continuing ability or disposition of the government to pay its obliga- tions in gold. This Jack of confi- dence grows to some extent out of the palpable and apparent embar rassment attending the efforts of the government, under existing laws, to procure gold, and to a greater ex- tent out of the impossibility of eith- er keeping it in the Treasury or ful- filling obligations by its expenditure after it is obtained. The only way left open to the government for pro- iribution. Tke House at sae — has adopted’ bill requiring persons ps of capital offense to be im- avediately transferred to the peni- tentiary, and in course of law exe- euted within the prison wall. The act propriates $1,000 for the erection a suitable building in the peniten- tiary te be ueed as an chamber. curing gold is by the issue and sale of bonds. The only bonds that can be issued were authorized nearly twenty-five years ago, and are not well calculated to meet our present needs. Among other disadvantages, they are made payable in coin in- stead of specifically in gold, which gold thus obtained without eanuerl- obhyation and solely for the beuefit of those | who find profit in shipping it abroad or whose fears induce them to board it at home. \hag a single governmer 000,000 of currency uotes of the governwent for which gold may be demauded, and curiously enough th law requires that when presented aud iu fact redeemed and pat in gold they shall be reissued Thus the sume notes may do duty many times in drawing gold from the treasury, ner can the process be ar- rested as long as pr vate parties profit by it or otherwise see an ad- Vantage in repeating the operation. More than $3.000,000,000 in these gold aud, notwithstanding such re dew puon, they are still outstanding. Since the 17th day of Jamary, 1594, our bonded interest bearing debt has been increased $100,0vU¢,- 000 for the »braining gold to replenish our coin reserve. Two issues were purpose of made, amounting to $50,000,000 each—ouve in Jauuary and the other in November. A~ a resu t of the first issue there was :@- al zed something more than § O00,- 000 in gold. Between that msue and the succeeding one in Novems ber, comprising a period of about ten mouths, nearly $103,000,000 in yold were drawn from the treasury. This made the second issue neces ry und upon that more than $2 000,000 in gold was avain realized. 'Between the date of the second issue and the present time, covering a period of only about two months, more than $69,000,000 in gold were of government obliyationus or in auy permanent way benefiting our peo ple or improving our pecuniary situ- ation. The financial events of the facts and conditions which should certainly arrest atten tion. More than $172,000,000 in gold have been drawn out of the treasury during the year for the purpose of shipping abroad or hoard ing at home. While nearly $103,- past ear suggest | 900,000 of the same were drawn out during the first ten months of the year, a sum aggregating more than twothirds of that amount being about $69,000,000, was drawn out during the following two months, thus indicating a marked accelera- tion of the depleting process with the lapse of time. The obligations upon which the gold has been drawn from the treasury are still outstand ing aud are available for use in re peating the exhausting operation at shorter intervals as our perplexities accumulate. Conditions are certainly superven- ing to make the bonds which may be issued to replenish the gold less useful for that purpose. An ade- quate gold reserve is in all circum- stances absolutely essential to the upholding of our public credit and to the maintaining of our high na- tional character. Our gold reserve has again reached such a stage of dimunition as to require its speedy reinforcement. The aggravation | which must inevitably follow pres- ent conditions und methods will cer- tainly lead to misfortune and logs not cnly to our national credit and prosperity to financia! enterprise, but to those of our people who seek employment as a means of livelihood and to those whose only capital is their daily labor. It will hardly do to say that a simple increase of revenue will cure our troubles. The apprehension now existing and constantly increasing asto our financial ability does not | rest upon a calculation of our reve- nue. people at home were fixed upon the revenues of the government. Changed conditions have attracted their at: tention to the gold of the govern- we can not pay our current expenses with such money as we have. There We have outstanding about $500,- | notes have already been redeemed in} expended without avy cancellation | The time has passed when the, eyes of investors abroad and our! uattonal credit aud the consequences | that will follow frou its collapse. Whatever ideas may be insisted | as bimetallism, aj | proper solution of the question now | [pressing upon us only requires a/ to silver or recoguition of gol i as well as silver, | jaud « concession of its importance | | mghttuily or wrougtully acquired, | AS 4 ba-18 of natioual credit—a uve | ssity iu the bonuorable discharge | jot our obligatious payable in gold | juud a badge of solvency Ido not! vaderstaud that the real friends of | suver desire a condition that might! jfuliow inaction ora neglect to ap | | preciate tue me slug vf tue pre seul) exigency, if 1b sbuuid result in tue) jeulire Dauishweut of guid frow our | | financial aud Currency arraugeimeuts Besides the Lreasury notes, which certainly shouwid be paid in gulu, | @wvuununy to Leary $50U,0UU,0U0, }tuere will fall gue in L9ut ¥100,000,- 000 of bonds issued during the last which we lave received geld, aud in 1907 early ¥6U0,U0U,- 000 of 4 per cent bonds issue in 1877. Shail the payweut of these obligatiuns in gould be repudiat-u? If they are tu be paid in such ¢ water as the preservation of our national honor aud sviveucy demands we saould not destruy or even im | peru our ability to supply ourselves | with gold for that purpose. While} IT aw wot unfrieudiy to silver. aud while IT desire to see it recognized to such an eXtent as 18 Consistent} with tiuancial safety and the preser jYation of our uativnal honor and credit, Lam not willing to see gold entirely banished from our currency aud fiuances To avert such a con sequence I believe thorough and} raidical remedial legislation should | be promptly passed. I therefore] beg the Congress to give such sub | ject immediate attention. | | In wy opimion the Secretary of | the Treasury should be authorized to issue bonds of the goverumeut for the purpuse of procuring aud maintaining a sufficient gold reserve and the redemption and cancellation of tie United States legal teuder notes and the treasury notes issued {for the purchase or siiver under the |law of July 14, 1890. We should be reneved from the humiliating pro cess of issuing bonds to procure gold to be immediately and repeat- edly drawn out on these obligations for purposes not related to the benefit of our government cr our people. The priucipal and interest of these bonds should be payable on their face in gold, because they should be sold cnty for gold or its representative and because there would now probably be difficulty in favorably disposing of bonds not contaiwiug this stipulation. I sug | gest that the bonds be issued in the denominations of $20 and $50 and their multiples, and that they bear interest at a rate not exceeding 3 per cent perannum. [ do not see why they should not be payable {fifty years from their dates. We of the present generation have large amounts to pay if we meet our obi gations, and long bonds are most jsalable. The Secretary of the Treas jury might well be permitted at his! discretion to receive on the sale ot bonds the legal tender and treasury notes to be retired, and, of course, when they are thus retired or re deemed in gold they should be can- | celied. | These bonds under existing laws | | could be deposited in national banks {as security for circulation up to the face value of these ur any other bonds so deposited except bouds outstanding bearing only 2 per cent interest and which sell in the mar ket at less than par. National banks should not be allowed to take out circulating notes of aless denomi nation than $10, and when such are now outstanding reach the Treasur er, except for redemption and re | tirement. they should be canceled and notes of the denomination of $10 and upward issued in their| stead. Silver certificates of the |denomination of $10 and upward | should be replaced by certificates of denomination under $10. As a con- stant means for the maintenance of a reasonable supply of gold in the Treasury our duties on imports should be paid in gold, allowing all | fother duties tothe government to! be paid in any other form of money. | I believe all the provisions I have! suggested should be embodied in our law if we are to enjoy a com- plete reinstatement of a sound finar- cial condition. They need rot inter- fere with any currency scheme Sear, for | ment. There need be no fear that’ ‘providing for the increase of the circulating medium through the agency of national or State banks, ince they can easily be adjusted to execution | in existing conditions, detracts large-| is now in the Treasury a comfortable|such a scheme. ly and in an increasing ratie from/surplus of more than $63.000,000,!, Objection has been made te the Jleedance uf inierest bearing ob.iga- ; accumulating. | Sensation made me suffer indescribable agonies. Steel Ranges SO8AODIS HOOD HeO A9WeUD FOR SALE ONLY BY Bennett-Wheeler Merc. Co. Dealers in Hardware: Groceries, Oueenswate. ° Schuller, Clinton StudebakertarmWagons The highest price paidfor all kinds of country pro- dive: ___BUTLER_MO. Representative Middleton, of Wright county, has introduced a bill iu the legislature to compel the at- | tendance at public school for at least fous tur tue purpose of reuriug the uon interest bearing legal tender notes. In point of fact, however these notes have burdened us with a a large luad of interest and it is stil] | four months of each year of children Tre aggregate inter | between the ages of Gand 16 years est on the original issue of bonds | also requiripg county court to furn- the proceeds of which iu gold bouds | igh free school booke to ebildren Sonstiuuie he reserse tor) te Paya enone parents are too poor to pur- ment of these notes amounted to $70,326,250 on January 1, 1895, and | Chase same. the annual charge for interest on | these bonds and those issued for the } same purpose during the iast year \ will be $9,145,000 dating from Jan Sheriff's Sale. By virtue and authority of an execution for costs issued from the office of jerk of the = a | cireuit court of Bates o souri, re- uary 1, 1s While the cancellation | turnable a the Febraary 1895, to me di- of these notes would not relieve us | Tected in favor of Obe Haw Wm H Haw. kins Martha Hawkins, three of the four chil- f the obligation ready in 1 | dren and heirs of Anthony Hawkins, deceased : Rahons: already incurred | ore so ei enste nae tuarnerre anlanea on their account, these figures are | of Mattie Allen, deceased, daughter of Anthony given by way of suggesting that Wren rooms rear haieaets Ellzabeth their existeuce bas not been free from eased, JU Clark, Sallie Cox, heirs inter st charges and that the longer they are outstanding, judging from the experience of lust year, the more expensive they will b-come. Tmer, Cook, Lula cS 5 Look , al and Wiiliam F Cook, heirs of Catherine Farm- janghter,O B Cariisie JA : er, deceased, J W {n co :clusion, I desireto frankly | Durham, Mattie Bashford, heirs of Parah A McKee deceased, OE Hawkins and Will am confess my reluctance to issuing against Kiward G Wright, Samuel O Wright, James Hi more bonds in the present circum. | Wight. Chivise A Wiehte Mer TE nentrne: stances and with no better results! Martha @ Tinsley, Kittie A Cogawell ‘ah B tban have lately followed that course. | pee pel ie ores rehab tol tiele I can not, however. refrain from | abeth Wright, deceased, and Richard N ‘Allen ; | minor. by R TP Allen. his guardian, one of adding to an assurance of my anxiety | thetwo Be re of Mattie Allen, deceased, I have : levied and seized upon all the right, title,in- to co operate with the present con CandlSlai ottie above Hemel datcene gress in any reasonable measure of to the following deseribed real ; : - : in Bates county, Missouri, to- relief an expression of my determin The southweat quarter of the southwest ation to leave nothing undone which | quarter of section 20, township 33, range 32 all furnish a hope for improving the |" Bates county, Mo.. I will on 5 s : eas x 22 395 situation or checking a suspicion of Friday, February 22, 1895, ae ean che | between the hours of nine o'clock in the fore- our disinclinatioa or disability to | noon and five o'clock in the afternoon of that meet with the strictest honor every | Bauee cast Ton? door of the court house . : a e cit: . ty, oJ national obligation. oaeiee On ae lati ee ney a Grover CLEVELAND. sell the same or so much thereof as ma required at publie vendue to the highest The Executive Mansion, January 28, 1895. td. der tor cash. to satisfy said execation and | coate. D A. COLYER, are: Sheriff of Bates County. ' Ne EER ee. soon see | —_————— Sheriff's Sale. By virtue and authority of a transcript exe- cution issued from the office of the clerk of the circuit court of Bates county, D¥ssouri, | reto nable at the February term, '1#95, to me directed in favorof Bennett-Wheeler & Co. and sgainet John R Radford, I have levied and seized upon all the right, title, intarest and ; claim of the above named defendant, in and to | the following described real estate situated in Bates county. Missouri, to-wit | Sixty acres off of the weat side of the north- east quarter of section 34, township 41, of | range 29 exeept two acres in the northwest | corner of said tract ;also lots *4,44,85 5 and &7, in block 17, also Jot 1 in block 1% in Jounstown Hates county, Mo . 7. Johnstown, » thenee runniog east 200 feet, thence south Infeet thence west 200 feet, thence north 180 feet to place of be- ginning, in section ‘4. township 41, range 20 all in Bates counts, Missouri, ! will on Saturday, February, 23, 1895. between the hours of nine o’clock in the fore noon and five o’clock in the afternoon of that day, at the east tront door of the court house, in the city of Butier, Bates county, Missouri. sell the same or so much thereof as may be Fequtred at public vendue to the highest bid- der for cash, to satisfy said execution and coste. D A. COLYER, Sheriff of Bates County. M. L. Cheuvrent Leonard, Mo. ee Sheriff's Sale. By virtue and authority of @ general execu- tion issued from the office of the clerk of the circuit court of Bates county, Misesuri, re- Prerty me pees term, 1%, to me ae direc! in fevor of e state of Missouri at C. T. Hood & Co., Lowell, Mass the relation and to the use of Nona M A Med. “ Hood's Sarsapzarilla is an excellent medicine, i aa i “es Ww hee es Brown and J 2 in jcKias' have levied and seized upon al! I had eczema in Sih left leg for fifteen years. the right. le, interest and claim Lat a pic iid Mrypinieenge Beg Seah pigeon oy scabs, | above named defendant, J J Mchisaick tn ond under the skin and the scabs would slough if. | te the following described real estate nituated — onponee de ee to-wit he east 23 feet of lot 2 block 15 in Butler, The Itching and Burning Mo ; also levied and seized apon all cherie title, interest and cisim of the above named defendant, J W Ennis. tn and to the follow- ing deecribed real estate situated in Bates county, Missonri, to-wit: The west hail or Jot 1 and all of lot Zin block 2 in Thompson’s addition tothe city of Butler, Mo.,sil in Bates county, Mo. 1 will en 18 Years With Sait Rheum | Hood’s Sarsaparilia Cave a Perfect Cure. I spent a great deal of money for different rem- edies but did not get relief. About a year 29°. 's leading physicians advised me to take Barnet T did so. and have taken five bot- 9, ood'’s**Cures Saturday, February, 23, 1895. ties. Now all the sores, scabs acd pain have | between the hours of mize o’cleck in the fare- vanished and Iam enjoying perfect health. I | noon snd five o'clock in the afternoon of thet house think Hood's is se- te none and | 287, 2t theeast rrent door ef the coart —— ine manity.” | im the city of Butler, Bates county, Missouri. | eens phonons Oy = ey.” | gel the same or 80 ix co meay bere : thereof = ‘st public vendue to the highest bidder for cash, to satisfy said execution and costs. — eee Heed’e Pile sct easily, Puy a6 Do A COLYER. sSherif of Bates County. eMiciently, on the liver and boweis. Se. } _—