Grand Rapids Herald-Review Newspaper, November 28, 1896, Page 4

bovuUeg for Boss Bill the banker. . Grand Rayits Hheratss‘Review Published Every Saturday. ~ TWO DOLLARS A YEAR IN ADVANCE 8ix Months .....$1.00 | Three Months. Entered in the postoficc at Grand Rapids Minnesota. as second-class matter. SNe Ava meeting of the Cobden club in London the other day, Lord’ Fairplay said: ‘When I arrived in America in August last the mills were all closed and when I left they were all running and every man was employed.” Most any ordinary American laboring man is at liberty;to stand up and pronounce Lord Fairplay a damoliar. Tux Cobden club of London has transferred its affections to Me- Kinley. This is the best possible evidence from a European source that money is the issue and the perpetuation of Englanad’s greatness as a creditor nation lies in the single gold standard more than in free trade or protection. The money changers will prosper so long as gold mono- metallism prevails, no matter what other policies may be adopted. AMBASSADOR BAYARD, that old American flunky at the court of Britian cancelled an which he had made to address the American colony, of London on Thanksgiving day,’ and instead re- sponded to a ‘‘command” from ueen Vic. to break bread with her on that day. The dispaches also tell us that Mr. and Mrs. Bayard slept at the castle that night. Whether or not the old lady, and gentleman had royal dreams in the castle chamber the correspondents failed to tell, Ex-SENATOR WASHBURN is Still mad at Merriam and Clough. In fact he dislikes the whole state house gang as now constituted. In a New York interview the other day he said, among other compliments, con- cerning Merriam’s chances for a cabi- net position: ne, ex-governor suc- ceeded in having nominated for gover- hor @ Republican by the pame of Clough, who ran 50,000 behind the 2e Ba lently basa dagger cone in his J. ADAM BEDE in his Budget dis- plays a verve that is indeed most ad- mirable for its elasticity and wearing qualities. After jumping into the Republican band wagon’ and | his little stance to the Pagé Mor and baving, ngu pudiated all th c ever bas been Democracy — having licked the hand that smote him—be now ventures to offer advice to Demo- crats, and intimates that the only right way is the way of Republicanism us will be exemplitied by the incom ing administration. In common with a few other would-be — satelites around the McKinley throne he undertakes. to defend every liepublican heresy that the party of Jefferson and Jackson has. , damned and denounced through all the years of its existence. Among some other things which he has. to offer in his last issue we find the fol- lowing: ‘‘If the silver folks keep up the tight for free coinage at 16 to 1, as their leaders have already set out to do, those Democrats: who regard this as a dangerous proposition in finance must set-their faces firmly against’ it.’ The Herald - Review aves not dispute the right of Bede and his Budget to defend Republicanism, gold’ monometallism, robber tariff, monopoly aud every trust-creating ~ devise. that the- ingénuity of” greed can plan and execute—but it does youst seriously object to the advo- Vocasy of these infamies in the name. of Democracy. Long be- fore” the year 1900 these gold-bug Democrats must be driven into the Republican ranks and there prop- erly Jabeled.. They must. be- trans- plated, root.and branch, for the Demo- cracy of these United States cannot afford to be endangered with any _puch disease-breding element. REPUBLICAN PLEDGES While the gold Democrats who elected McKinley are laughing up Ubeir sleeves over the defeat of Bryan, whom they hate with an undying hatred, and are expecting under Mc- Kinley a continuation of the Cleve- Jand administration, it is well to re- yoind them of the cold facts of the campaign, and the situation, by 1e- calling to them just what wis the tbe declaration on which the Rupub- lican end of the campaign was run, and to which the Demo-Republicans now stand committed, suggests the Penny Press. In the intense desire tu beat Bryan, the Demo wing has ap- parently largeiy forgot what the Re- publican platform denounced and that it absolutely condemned the Cleve- land tariff policy, and severely criti- | cised the Cleveland financial policy. ‘The declaration was as follows: “For the tirst time since the civil war the American people have wit- engagement | of fall and unrestricted Democratic comtrol ‘of the government. Jt has been a record of unparalleled inca- pacity, dishonor and disaster. In ad- ministrative management it has ruth- lessly sacrificed indispensabie_ reve- nue, entailed an increasing deticit, eked out. ordinary current expenses with borrowed money, piled up the public debt by $262,000,000 in time of peace, forced an adverse balance of trade, kept a perpetual menace hatig- ing over the redemption fund, pawned Awerican credit to allien syndicates, and reversed all the measures and results of successful Republican rule. In ibe broad effect of the policy it bas precipitated panic, blighted in- dustry and trade with prolonged de- pression, closed factories, reduced work and wages. halted enterprise and crippled American production for the American market.” Just read that over again, you Demo-Republican fellow, and then think over ita while, you worshipper at the shrine of the gold-stuffed prophet! {ee the calamitous consequences AS TO BANK PANICS. People not familiar with banking, says the Dubuque Telegram, have no idea of the tremendous inflation of bank credits’ in this country. The attempted substitutioa of bank credits for actual money is largely the secret of financial panics. The | absence in the past twenty-tive years of an adequate volume of muney with which to do the business of the country is chiefly responsible for the enormous bulk of credits. lt is true that the people in the cities can do business largely with bank credits when the country is | prosperous and there is no feeling of | doubt, but the slightest wave of | financial disturbance causes distrust | of the system, the people rush for | their deposits, the banks close up like | oysters and are perfectly helpless, ‘and panic and business depression sweep over the country, This has been the ease nearly half ja dozen times in the last two genera- | tions. By the time confidence was restored, after one collapse, and a sufficient yolume of bank notes and bank credits had been created turdo the business, some monetary de- !raugémeut, like the failure of the Ohio Life aad ‘Trust Company in 1857, or Jay Cook & Co. in 1873, , and the whole system ain. ; 2 Lhis condition with that | of France with her adequate volume of actual money. When conquered by Germany, her paper only depre- ciated 2} per cent, for a few. weeks. When De Lesseps’ .Panama canal } failed and sunk $250,000,000 it caused bardiy.a ripple of tivancial disorder. é bank volume of deposits proceeds of prom- iscounted for their and could respond issory » notes | customers patrons with actual money in return for actual money deposited. Under the American system of doing bus- iness with bank credits in the ab- | sence of actual money, the patrons of the banks give their notes and thus create a deposit against which they issue their checks. ‘This plan works well enough so long as:checks can be circulated and no actual money is called for. But when any large amountof cash is called for, as a rule the banks cannot respond nor have other banks the money with which to invest their securities, however good they may be. ‘This was the case with the Laurel-Hill bank in New York, and no-doubt with the Decorah bank and the-Savings bank of Sioux City. To. pregect $840,000,000 of deposits and circulating notes, the Bank of France holds $409,000,000 gold and $251,000,000 legal tender silver. ‘The American bavks hold about $550,000,- 000 lawful money to protect $5,000,000, 000 of notes and deposits. With nearly eight times as much security in cash reserve, is it any wonder that the French financial system is as stable and solid as the earth itself, while the American system.is as unstable dnd as the wind? While the free cofnage of silver oralarge volume of primary mouey is absolutely necessary for the stability and safety of our banking system and for maintaining an ad- equate price jor « mmodities, it is still more essential to liquidate debts and to prevent their increase. When using the full greenback circulation, Secretary McCullocb said the people were practically out of debt. Owing to the funding and conrac- tion of the greenbacks in the interest of bondholders and mouey loaners, in 1873 the indebtness of the people was estimated at $7,C00,000,000, most of which was held by the banks and moneyed corporations which secured the contraction of the currence and have now defeated the free coinage of silver. money since 1873 and compelling the people to do business on credit or with ban deposits, this volume of indebtness has increased three or four fold and the holders of it have become so strong as virtually to compel the people to sustain their policy. A city girl writes an exchange: “It is a fond dream of mine to become a farmer’s wife and meander with him down life's flowery pathway.” Ah, © s were not loaded down with | By limiting the volume of; | promptly to the demands of their? | ciated, tells of a bride’s affliction in | as the bride had reached the altar yes; that is a nice thing to dream about; but when you have followed this meandering business for a month or so you will find a wide chasm be- tween the dream and the reality. You will think of this about the time your husband meanders out and leaves you without wood and you have to meander up and down the lane pulling splinters off the fence to cook dinner with. And when you meander in the wet grass in search of the cows you will have a dim percep- tion that fond dreams do not pan out 100 cents on the dollar, and that there are séveral meanderings in farm life not listed in the dream catagory. ‘The meandering business on the farin is not what it is cracked up to be. Trolley Car as a Tally-Ho. Philadelphia, which is wont to fo}- low modestly in the wake of any innovation, has sudd¢uly developed into a lively pioneer of a novel kind of trolley car service. The livery stables of the city have accustomed to make the hiring out of tally-hos to various societies and clubs for >xcursions over Jong suburban routes a profitable part of their business. The modern exeur sivnist, however, is like John Gilpin: “although on pleasure ae is »ent, } has a frugal mind,” and it has not taken him long to find out that the trolley cars which have just been intro- duced for general use in Philadelphia are available for his enjoyment at a much lower rate than the tally-ho. In fact, he can take 2 long trip, covering about three hours, by leasing the’ car, and has to pay only $10 for exclusive possession during the trip. A favorite form of excursion is the night trip. Before starting the cars are decorated with flags snd bunting and illuminated with lanterns, and the the recreation is so popular that as many as thirty cars have been char- tered in one evening. At first the pleasure parties used to make night hideous with the blare of fish horns, but this disturbed the rest of the in- habitants along the. line of the road, and now sleigh bells are strung along the sid2s of the cars, and there Is less noise and more music. As a rule, mu- siciuns ure engaged. and sometimes *n entire brass or string band will be car- ried. The organizer of the party charges 50 cents a head, and so fully is the fun of the ride appreciated that after paying for the use of the car and the music he often has enough remuain- ing to provide 2 good lunch at the end of the route A HYMENEAL MISHAP. The Bride Went Through the Ceres mony Under Difficulties. All wedding ceremonies do not go off as smoothly as that of Miss Mae W. Clemmons and Ezra Twitchell Shedd, who were married night before last at Mr. Shedd-s resigeuce, 2233 Forest avenue, and aprepus of this fact, in the course of the evening the Rev. Simon J. McPherson, who offi- the following amusing story: “It was a very swell wedding. Just she felt that something connected with the waistband of her skirts had given away. 1t was an appalling mo- ment. In anticipation cf departing for the East immediately after the ceremony she had donned two warm under petticoats, a silk one and a little flannel one. Which of these two had ziven way she was at a loss to con- ceive, In an agony of apprehension she lowered her head as she stood to hide the color which rushed to her face, and while she extended one hand to receive the ring which was to change her, as at the teuch of aa en- chanter’s wand, frem Miss to Mrs., she pressed the other tightly against her waist in hopes to avert the ex- peeted catastrophe. Thus, holding her hand in the same position, she proceeded down the aisle beside ‘her husband, experiencing. as she told an intimate friend, tLe tertures of the damned. By the time she had yeached her carriage she had lost con- trol cf the petticoat. She stepped in ané ‘t.fe]} at her feet. She kicked it under tne seat and burst into tears.” “Which petticoat was it?” asked an (n’wrested lady auditor. “It was the little flannel one,”—Cal- cago Dispatch. SEEING THE POPE. Days and Places Where Visitors Are Allowed to See Him, “How can I see the pope?” is one of the first questions asked by many vis- itors for the first time in Rome. On the seventh day of February is the anniversary of the death of the late pope, when a requiem mass is cele- brated by Leo XIIL., or by a cardinal officiating for him in the Sistine chapel and is the greatest function of the year at the Vatican, the pope al ways celebrating the mass, To be present is a great treat, the pope being earried in his chair on a platform sur- rounded by his Swiss guard, cardinals, ‘bishops and others, wearing his tiara end blessing the people as he passes through the crowd. The bestowal of hats on the cardinals recently created, and the ceremony of the beautification of new saints, these are the few fune tions at whicn those who have been able to obtain tickets have the privi- lege of seeing the holy father. In at- tending any of these functions, ladies must be in biack, with veils on their heads, no gloves; gentlemen in full dress suits, no outer garments or hats allowed in the chapel. Those persons who have influence with a cardinai ean sometimes obtain the privilege of being present at the private chapel, which holds about fifty persons. on & Sunday morning when the pope cele- brates the mass. After the mass a few receive the holy communion from the holy father, then a priest cele- brates mass, immediately after which those who hare received the holy com munion are received in turn by his holiness, kneeling before him and re- ceiving his blessing. He holds a shor’ | conversation with each person, and is very kind. The ceremonies are al) in charge of the master of the Camere, through whom tickets are obtained.— Churchman. <tr OR NEXT-DOOR COMPETITION. Shops in France Not Allowed te Crowd Each Other. In France two shops selling the same thing are not allowed to exist within a certain area. In provisions this absence of competition materially increases the price, but, says a woman who has large experience in house keeping in France, your taxes are less, and you have in return clean streets, good gas, constant watér supply and perfect sewerage. It addition, by vir tue of state supervision, you never re- ceive short weight or inferior goods. There is no quantity so small that the grocer will not sell it. And in doing this and in delivering it he is as scrupulously polite and carsful as m buying larger amounts The butcher is the cook’s friend and will trim the meat and take out the bones with loving care. Meat is dear. Good beefsteak costs from thirty-seven cents to fifty centsa pound. Fish is very expensive, but poultry is reasonable and good and butter and eggs good and comparatively cheap. A good deal of cooking in small households is done with gas, and gas stoves are loaned by the gas companies for this purpose. Sugar, matches and all imported ar ticles are dear, owing to the high tar iff. The lowest price for servants is $10 a month. Charwomen ask siz cents by the hour. Englishwomen say that life om the continent is much more agreeable for Americans than for themselves, owing to the fact that in each consular town the consul and his family make a nucleus for a colony which soon gathers about them. IT WAS ONLY A SLIPPER, But Decorated With a Bogus Mouse 10 Created a Sensation. She is a roguish and jolly girl, but being an Episcopalian, she had been making a great. effort since Ash Wednesday to affect a certain subdued and demure manner. But one after~ noon the sewing cirele to which she belongs met. Her gown for the occa- sion was simplicity itself—of soft gray cashmere, with a plaited bodice made Quaker fashion. Her bonnet was a quaint little gray chip poke, trimmed with gray ribbon and one large purple passion flower. The tie strings were of broad gray } satin ribbon, She glided inte tlie room very quiet!y and became at once intent upon her Lenten sewing. Suddenly the sewing circle quiet waa interrupted by wild shrieks of terror and the members with one accord climbed on tables and chair seats. What was the trouble? Simply the demure little maiden’s new house slip- per. It was of black suede. No buckle ornamented its instep, but in its place was a tiny mouse in high re- lef and made of gray suede, with bright beads for eyes and a long tail with a regular mouse-like curl to it. Now the fair practical joker is trembling lest her rector may hear of it v) YOUR CHANGE, SIR. ‘A Conductor Who Gets Even With a Ten-Dollar Passenger. There is a conductor on a Cleve land street-car line who played a clever trick ona passenger the other morning, which has probably taught him to have his fare ready hereafter when he boards'a car. The passenger lives away out at the end of the line, and was so punctual that ‘he caught the same car every morniog. Abouta week ago he tendered a $10 bill in pay- ment of his fare: The conductor did not have so much money at the begin- ning of his trip and told the passenger that he would pay the nickel out of his own pocket and he ccxld return it the following :morning. ‘he next morning the business man again pre- sented a $10 bill. Again the conductor paid the fare for him. This occurred four mornings in suc cession. The fifth morning the same $0 bill came around, but thé conduc tor was prepared. He drew a heavy bag from benesth the seat and handed it to the passenger with the remark: “‘Here’s your change, sir. It’s all right. I’ve counted it.” He had se- cured 1,000 pennies the night before and kept twenty-five of them for the fares he had paid for the business man. The bag contamed 975 copper coins, The passenger took the bag and rang for the car to stop. He now rides on another car. An Elopement in Mexico. One evening recently the residence of Refugio Martinez, mear Chepuite- pec castle, Mexico, was entered and robbed bya band of supposed brig- ends, who, besides stealing money and other valuables, carried off the young daughter. of Martinez. Detectives traced the bandits to New Orleans and located them in ‘a fashionable hotel. The criminal was Louis Salazar, a prominent young man, who was liv- ing with the abducted daughter of Mr. Martinez. Salazar was arrested, and made a confession of the whole affair. He states that he was the lover of Miss Martinez, and that her parents opposed his sait and forbade her seeing him. In order to gain pos- | session of his sweetheart he arranged the attack with a party of. friends. | The girl says she was not taken against her will. They were married en the day following the abduction. The daring young lover and his com- panions have been placed in jail. The Point of View. “This country is growing,” observed the statistical editor, looking up from his work, enthusiastically, “at a rate gever before equaled, not only is wealth and ropulation, but in manu- factures, arts, sciences und everything that makes people great.” ‘That's all right enough,” growled | i {he sour-looking man at the desk in the corner, “but it’s a country of blamed fools!” The sour-looking man wig the s4itos ef the auswers to queries department Beckfelt aS a & Mather, | General Perr eerr | Prices the lowest. Ra a — GRAND RAPIDS, Sere RRR ie & THAN THE . Manufactured in Grand Rapids | GAb shail Styles The Latest, Workmanship The Best, Prices The Lowest. EE ER eet ieeentaneee By Pritt ttt tiie NeXt D-or to Peateffiee, SLSWSLECSLSLSNSLSVSLSSNSLSLS? SSS Lumbermen’s Supplies. Largely increased store room increases our capacity to do business. We always carry a complete line of the Best quality of goods in ali departments. Clothing and Furnishing Goods. Dry Goods, Boots, She Groceries and Crockery Hats and Caps. Pokegaina Boqu “Cup Defender Broeker & W THE POPULAR TAILORS, Merchandise =. - No BETTER CIGARS ARE MADE By tttt GEORGE BOOTH. for either ef these brands ans you will get an exeelient smoke, stock used. None but the; finest hiteaker, Invite you to call and examine | their Fall and Winter stock before ordering your Suit or | Overcoat. It comprises all the latest’ goods and pat- | terns, and the Popular Tailors | always gurantee satisfaction. | | Broeker & Whiteaker, SLSCSISE SISCSLSE SLSESLSESS feof oh chao tech oh chook oho ce oe checheche ebook she Resbeobe shook sheshook §-ciaslaaiaslesha ate sdealaalesiashesieshasisahesiastaaiesieaissleieslaaissde daalashesdasiasteaeslasis dale ch dh she she deals shea tact Security Mutual Life Association ot Binghamton, New York. Incorporated under the Laws of the state of New York, Nov. 6, 1886 Insurance in Force, aries, - - - Net Surplus, - - GAIN in Income GAIN in Assets, GAIN in net surplus, RECORD FoR fy GAIN mm new business written over 1894, 87 per cent. GAIN in amount of insarance in force, January 1, 1896. $20,137,350.00 Paid Policy Holders and Benefici- 308,352.41 410,839.65 46 per cent. 60 per cent. 86 per cent. 87 per cent’ Life, Annuity, Equation and Return Accumulation Policies Premium rates about 40 per cent less than oldjlne companies. b deabesbesboskcofesheobesbeshesbeshecbeokesh aE a aE a ae a ae Re ate L. K. THOMPSON, Manager. 7 3 REE EEE ED ee RE otel DW DORAN, Proprietor. ... irst-Class in Every particular. Rates Uniformly Reasonable. «SAND RAPIDS, For full information address. Northwestern Department, = MINNEAPOLIS MINN. d. W, EARL, Suporintendent Agencies ae Db deebbedked bap beb ch heheh obs bebe deee dedook Gladstone All Modern. Conveniences, Centrally Located. a at a ae Lede a Me He etttittittititeid bh chee thy dh she pip ache de ese shi dete br ftt-rs Ue dehedbedechee aD Se ae Re A eM a eH a ze a ‘.