Logansport Pharos-Tribune from Logansport, Indiana on December 6, 1897 · Page 4
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December 6, 1897

Logansport Pharos-Tribune from Logansport, Indiana · Page 4

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Logansport, Indiana
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Monday, December 6, 1897
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OAILYPHAKOS MONDAY, DEO 6, 1897, MBS. KKIKEE'S LETTEE F. JOOUTHAIH. JOHN W. BARNES. lionthaln A Barnes. •D1TOK8 AND PBOrjtHTOHS. TERMS OF SUBSCRIPTION — Dally per week, 10 oentu; per month 40 cents: per year •trictly in advance) *4.50 The Weekly Pharos and the Saturday PtiaroB, tbe fwo forming the Semi-Weekly •"ilrion. fl-26 a year, strictly in advance. Entered at the Lojfaneport, Ind..postofflce as Mcono clasH mall matter, as provided by law. The Meeting of Congress. Congress meets today. The only questioc that pr imiaes to give congress much concern Is Cuban affairs. That question has to be met and tbo sentiment of the country ravorii granting belligerent rights to the Cubans. From present indications, the administration wlli seek to induce congress to take no action giving encouragement to the Cubans. The effort to annex Hawaii will likely be defeated. It ought to be. This government has BO particular use for these islands, 2,000 miles dlbtact from the nearest mainland. The currency question will be left unsettled. Secretary Gage will recommend the retirement •f the greenback? and the issue of gold fconds to provide gold to redeem them, but congress will not approve the •cheme. In order to provide more revenue to meet the growing deficit an additional tax may be Imposed on beer and a duty levied upon coffee and About Change of Life. "I suffered for eight years and could find no permanent relief until one year ago. My trouble was Change of. Life. I tried Lydia E. Pinkham's Vegetable Compound, and relief came almost immediately. I have taken two bottles of the Vegetable Compound, three boxes of Pills and have also used the Sanative Wash, and must say, I have never had anyth ing- help so much; 1 have better health, than I ever had in my life. I feel like a new person, perfectly strong. I giv? the Compound all the credit. I have recommended it to several of my friends who are using It with like results. It has cured me of several female diseases, I would not do without Mrs. Pinkham's remedies for anything. There is no need of so much female suffering. Her remedies are a sure cure."—MRS. ELLA KBIXEB, Knightstown, Henry Co., Ind. TO PLUCKJHE PEOPLE. Proposed Currency Reform Plans Favor Banks. IN THE HATTIEE OF ABUITEO GAME, tea. Unless an increase In revenues it provided lor another Inevitable. bond sale Is people of the southwestern part of the countv have just come to •omplain over the delay in the Improvement In the Seventeenth street bridge. It has now been a month lince the floor of the bridge was removed and there is no telling when it will be ready for travel. Somebody is to blame for this. Who 18 responsible for the delay? THE Wilson tarifl law was in operation three years. The deficit for the tares years was 186,000,000. The Diogley tariff has now been in operation five months, and the deficit amounts to over $46,000,000. This Is an average of $9,000,000 per month and it the shortage continues at this rate the first year of the Diugley tarifl! will show a larger deficit than the Wilson tarifl did in three years. Tne Cntcago Tribune admits that the Dingley law is a failure as a revenue producer. It declares: All statesmen and newspapers who have made an analytical study of the revenue question are being driven to admit that tbe present laws are Inadequate to the task of providing sufficient revenue to satisfy the demands of the government, as congress is determined to appropriate The shortage which is confronting congress Is not less than fifty to seventy-five millions a year, and the members may just as well make up their minds to the necessity of doubling the beer tax and levying a moderate duty on tea and coffee. The truth is that the Dingley bill was bullded on lines proposed by the •ngar trust and other combinations •f capital that are sucking the life Wood out of the people. How Wealth is Concentrated. Legislation that doubled the value •f government bonds and enriched the bond-holding classes, is not the only kind of legislation that has been Instrumental in concentrating the wealth of the country. Our tariff laws which compel the many to contribute their earnings to the enrichment of the few, have done more to concentrate wealth than laws in the interest of the bond holding classes. Take sugar: The amount annually eonsumed in the Dnited States would cost in Germany or France, 190,000,000, but costs the people of this country $160,000,000. This difference is divided between the government and the trust. The former (ret* 135,000,000 a year from this article in import duties; and the trust increases its profit to that amount each year. Its profits under the Wll•on bill were 120,000,000, they will now be $55,000,000. The stock of this trust increased-in value 45 per cent—108 to 153—in ten days after the passage of that law, thereby increasing the wealth of that company •21,875,000; besides adding $35,000, 000, to its annual income. 1891, Piiineas Pierce, of Boston, demanded that 11,000 In gold be given him in exchange for $1,000 of greenbacks or treasury notes of 1890. The sub-treasurer refused, and Pierce asked Secretary Foster about it. poster directed the sub-treasurer to honor the demand. Then and there the endless chain was put in operation which, daring the Cleveland ad ministration, caused the issuing of 8262,000,000 worth of coin bonds. Carlisle followed in Foster's footsteps. From Jan. 1, 1879, when specie payment was resumed, until October, 1891, about $40,000,000 worth of greenbacks were presented for redemption. Since 1891 about ten times as many have been redeemed with gold. Prior to 1891 if gold was asked for it was generally given—but the giving was notm response to a demand. This, then, is the origin of the endless chain. It is simply a creation of a Republican secretary of the treasury. The original contract was that the greenbacks were to be redeemed In silver or gold. That Is the law today. Regardless of law, however, the gold clique has been allowed to raid the treasury for the express purpose of giving the people an "object lesson" which would convince them that tSe greenbacks ought to be retired and the right given to the banks to Issue rag money in the place of these government obligations. The Endless Chain. Some people wonder why it was that from 1879 to 1891— a period of twelve years—there was no drain on the gold reserve. About 18S6 the gold conspirators songht to make a raid on the gold reserve, but Daniel Manning, who was then secretary of tbe treasury, thwarted their purpose by declaring that he would exercise tbe government's right to redeem greenbacks in silver M well as gold. Thii threat scared the conspirators off .and they made no farther attempts to raid the treasury gold re- MTO *f ain until 1891. In October, S" 77 "*" Gold Prom Sea Wate*. We always liked the stories of the alchemists and of those who find ways to transmute common things, "any old thing," into precious gold. Tbeso tales are, like tbe perennial bear story, always tJjj:Uliug, and, then, nobody over knows tjnt tbey may be true, after all. Everybody likes thrills. It is with especial pleasure, therefore, that we condense for our readers tbe story of how Eev. Prescott P. Jernegau and Mr. A. B. Ryan of Middletown, Conn., are preparing to obtain billions of gold from just plain, common sea •water. We would be glad to condense the sea water if we could, both for our readers and ourselves, but 'since we cannot we condense the tale. Briefly, while in the oar on a journey to Florida for his health there came to Rev. Mr. Jernegan's mind the process by which he could extract the gold long known to exist in sea water. He experi. mented in a crude way in Florida and became satisfied that his intuitions had not fooled him. He revealed his discovery to MT. Ryan, his fellow townsman, and now a company is setting up mills along the coast of Maine. These are self acting mills, being operated by the tides. Tbe sea water passes through the mill and is treated electrically, as is believed by some, and passes out again, leaving not only gold in the hopper, but also silver enough to satisfy the most enthusiastic bimetallism By spring the company expect to be getting §1,000 a day from their sea water gold mines. If this thing continues, we shall presently be paving earth's streets with gold long before we reach the JSTew Jerusalem. \Ve shall now certainly know the best route over which to run the ^Nicaragua canal, likewise the expense of building it and the time required for construction. The United States government has undertaken to ascertain these points preparatory to constructing the copal, and its prospects are brighter than they have ever been. The United States survey commission is beginning actual •work oa the isthmus. Government Ua« Xo Right to StAnd Security For Any Private Corporation. Whole Secret of the Movement—T»»t Power For Money Owners. All of the proposed currency "reforms"—each and csvery one being purely in the interest of the basks—propose the substitution of bank notes for the legal tender paper of tbe government, and yet for these notes, in some way or other, the government is to stand as voucher and security. In other words, the government is to "go out of the banking business'' by one door and enter it again through a sliding panel in order that a huge game of bunko may be worked on the people. And this is the whole secret of the movement to retire the legal tender notes. The plaa is made that it is embarrassing to the government to be constantly redeeming the people's money, bat the proposed "reforms" all aim to make the government responsible in some form or other for the credit notes issued by the banks. The government is not strong enough to maintain the credit of its own notes—the people's money— but it is just strong enough to guarantee the notes of private corporations. We should be glad for some advocate of the proposed substitution of bank notes for government legal tender to inform us what right the government has to guarantee the promissory notes of private corporation that calls itself bank any more than it has to guarantee the bonds of a private corporation thai calls itself a railway company or manufacturing company. There is no conceivable reply to the inquiry, What can establish the superior rights of one private corporation over another so far as the federal government is concerned? There is a great hue and cry raised that the government should go out of the banking business in order that the banks should go into the government business of uttering money. But it is plain to be seen that the government is to be conveyed privately into the bank ing business again by the back door, If the government is to be asked to vouch for or guarantee the notes of the banks in any shape or form whatsoever, it must be plain to all who have the interests of the people at heart that it would be better for the government to retain its own system of legal tender notes, the best form of currency that any country ever had. We do not hoar any more talk about irredeemable money. Why? For the simple reason that the banks do not consider their own notes irredeemable, no matter how much uncovered paper they issue. But it must be clear to any disinterested person that the currency "reform" most popular with the banking class and its allies contemplates the issue of a volume of irredeemable currency at least equal to the amount of legal tender notes to be retired. The pretense that these notes are to be based on gold is the merest bosh. There is not enough gold available to redeem one-third of the legal tenders without bond issues, and the banks cannot issue gold bonds. With the greenbacks retired and the banks enjoying the results of the vast power placed in their hands the firsS speculative crash in Wall street would send tbe whole scheme up in smoke. Specie payments would be suspended, and the people would emerge from the crisis worse plucked than they have ever been.—Atlanta Constitution. TABLE FURNISHINGS. i Endless Variety of Odd Dlshe* For Special Purpose*. It is no longer necessary to purchase a "set." There is an almost endless variety of odd pieces for special dishes, which Good Housekeeping mentions as follows: Special dishes with characteristic decorations are. furnished for almost every article of food. Bread plates have a design of a folded napkin laid across the middle. Asparagus dishes look like tbe stalks of the plant, either in wickerwork design or in the form of one-half of a large bunch of the vegetable as ic appears in market. There are baskets for rolls, covered dishes for cheese, egg dishes, long, slender celery boats, sardine dishes with attached or independent trays, according to taste. Platters have metal points upon which the game or roast may be impaled, for tbe con venieuce of inexperienced or careless carvers and tbe absolute destruction of carving knives. Dishes for sauces are shown in various shapes. Those designed for the fish course are made iu the shape of a fish, with one side hollowed out and the tail turned upward for a handle. Regular gravy and sauce tureens and boats are made with attached or separate trays. Some of them have china ladles, but they are so fragile that nearly all house keepers must resorC to silver ladles sooner or later, and the demand for those of china are decreasing. Large boats or flat low dishes for floral decorations for the table are interesting. They come in several sizes. Those very low and flat, not tmlike a platter, with perpendicular rim, are the most convenient. Bone dishes are larger than formerly, and the demand is said to be increasing. Embroidered Tray Covers. Very pretty tray covers can be made of coarse linen worked with colored cottons. The Season furnishes two desirable models. The center of one is plain and inclosed by two rows of green stem stitch. The blossoms are done in flat aJid stem stitch, and have olive green leaves and red berries on black stalks. The small roses are outlined with blue stem stitch and long yellow stitches MEN AND WOMEN SEE OUR FELT SLIPPERS. Walker & Raucli 42O BROADWAY. STAMPED GOODS For the Holidays BROADWAY & PEARL STS See Our Grand Display Spry's. The "Domestic" Office. Now is the time to provide yourself with a good Sewing Machine at a very low price. My stock includes all the leading makes. My term* are easy, and there is no excuse for being out of a good sewing machine n the bouse. The old stand 529 Broadway, near 6th R B WHITSELTT Annual Rates A RTIFICIAL/ and Natural Gas Bills are now due and payable at the company's office. Natural Gas Consumers desiring to avail themselves of the Annual -Rate, commencing December 1st ,can do so by calling at the office and arranging for same. All bills must be paid on or before the 10th of each month. TWO TRAY COVERS. starting from the green centers. Crochet rosettes buttonholed to stuff finish off the cover. A richer ornamentation appears on the second model. Small sprigs of blossoms with green leaves aud red blossoms, the stalks of which are alternately black aud green, are worked on a double stem stitch row in green. Black is used for the stem stitch contours of ihe blossoms, while the rest of the embroidery is executed in crossbar stitches. The center is worked in rosettes alternately in two shades of blue. The stuff is unraveled to give the fringe round )he edge of the cover. A PERNICIOUS SCHEME. Weyler proves himself a braggadocio in addition to his other illustrious qualities in his remark, "If I had been allowed to remain in Cuba, the war would have been ended in May." But a bully is always a braggadocio as well as a coward. Secretary Gare'» Plan to Have Banks Go Into tbe Government Business. Secretary of the Treasury Gage, being the ex-president of a national bank, naturally wants to get the government to go out of the banking business rather than compel the banks to go out of the government business. His scheme is to call in the greenbacks which bear no interest and issue interest bearing bonds, on which the banks are to be allowed to issue their own notes as at present. The practical result of this would be the presentation by the government to the banks of the full amount of the interest to be paid on the new bonds, ;i matter of some $8,000,000 or §10,000, 000 a year, if che silver certificates are not also to be exchanged, and nearly twice as much if they are. It would not only add to tbe profits of the banking business throughout tbo country, but it would also iccreu.se the already too great power of the bnnb over the country, and for this rcasoi. alone the project should be promptly rejected by congress. Ic is a peruicic-:. scheme. It is a proposal to favor a clr.ss. and a class that ia already favored io<. much. The best thing to do with the currency is to confine the right to issue H to the government exclusively. It is uot part of the business of the batiks—or i! at least should not be—to coin money, and printing and circulating paper notts is the same thing practically as stamping metal. Ic should be a function 01 the public authorities entirely and not of any corporation or any number ci corporations. —New York Xews. Chemicals In the Laundry. One of the safest chemicals is ammonia. Two tablespoonfuls of ammonia will be sufficient to soften fonr gallons of water. . A .small amount of washing soda, dissolved first in boiling water and stirred through a tub of cold water, will accomplish the same result, but when soda is used in large quantities it will rot the strongest fabric. Borax, though somesphat. more expensive,, js.fl IS IT A TIUFLE? That, Common Trouble Acid Dyspepsia or hour Stomach Kow Recognized as a Cense of Serious Disease. The new president of Cuba is Bartolome Masso. The patriots harre divided the island into sii states, and representatives of all the six states voted for the new president at the recent election. For the Same Reason. The Republicans are correct in saying that no breach will be made in the protective wall by Canadian reciprocity. This is for the same reason that salr does not make your potatoes taste well if yon do not pet any salt on them. 3fe»r Hl» Client*. . The wonder is,that John G. Carlisle didn't locate his office in "Wall street aome years ago. By not doing it he has no doubt subjected himself and his pria- -cip*I client* 'to great business inconven; Acid dyspepsia, commonly called heart-burn or sour stomach, is a form of indigestion resulting from fermentation of the food. The stomach being too weak to prompty digest it, the food remains until fermentation begins, filling the stomach with gas, and a bitter, sour, burning taste in the mouth is often present. This condition soon becomes chronic, aud being an every day occurrence, is given but little attention. Because dyspepsia is not immediately fatal, many people do nothing for tbe trouble. Within a recent period a remedy has been discovered prepared solely to cure dyspepsia and stomach troubles. It is known as Stuart's Dyspepsia Tablets and it is now becoming rapidly used and prescribed as a radical cure for every form of dyspepsia. Stuart's Dyspepsia Tablets have been placed before the public and are sold by druggists everywhere at 50 cents per package. It is prepared by tbe Stuart Co., Marshall, Mich., and while it promptly and effectually restores a vigorous digestion, at the some time is perfectly hsrmlesi and will not' injure the most» delicate stomach, but on the contrary by giving perfect digestion strengthens the stomach, improves the appetite and makes life worth living. Send for 'free book on Stomach Disease* by addressing Stout Co., Marshall, Mich. ' ' safer article. j.t seems to'Jiave ilie'pow- f er of starting the dirt. It is used extensively iu Holland and Belgium, and the Dutch laundresses are among the most famous in the world. In this connection the Boston Cooking School Magazine gives the following directions: Half a pound of borax is sufficient to soften ten gallons of warm water. It not only saves labor, but it saves soap Dissolve the borax in the water. If the water is soft, use only half the quantity of borax given. Shake out the soiled clothes loosely, rub'soap on any especially soiled spots and immerse them in the borax and water. After stirring tbein thoroughly let them lie overnight. In the morning lift the pieces out one by one and rub them ou the board. Throw them into a boiler of cold water, in •which a half pound of dissolved soap has been stirred. Let the clothes boil up once in the boiler, then lift them out and rinse them in cold water. Add a teaspoonf nl of boras to every gallon of • water used in the rinsing. PIANOS Nothing More Acceptable w a Holiday Present GREAT COMBINE OF STEEL PLANTS. Has Reiuhed the Point Where the Interested Have Decided to Go In. Cleveland, Dec. 6. — The proposed immense combination of .wire, wire najl and steel rod interests, overshadowing anything of the kind ever before planned, has advanced to the point where the concern's interested have decided to so in, and all that remains to be done is to reach an agreement on the value of the different mills. Daily conferences are being held in New York, and Cleveland manufacturers are in constant communication with tbe Beat of activity. Among the interests involved are those of the OllVer-Snyder Co., of Pittsburgh This firm carries with it the Oliver interests in the immense Carnegie acquisitions. Besides rod and wire mills the new combination includes steel mills, blast furnaces and Iron ore mines. It is the plan that all the interests involved lose their identity and go out of business, and that there be simply the one great company. The statement Is made that John W. Gates, the originator of the scheme, will not be the general manager, as was at first suggested; but that this office will be occupied by W. P. Snyder, of Pittsburg. The further statement is made by Cleveland iron men who are interested that the control of the big company -wTrr rest in the hands of J. Pierpont Morgan and his associates, they having arranged to obtain that control by purchase. than a fine Piano. Previous to February 1st we offer unusual inducements to out-of- town buyers. Upon receipt of mail order will ship piano subject to examination, to be accepted if found as represented and satisfactory, otherwise to be returned at our expense. Good Stool and Scarf with each piano. Correspondence solicited. Catalogues sent on application. Old instruments taken in exchange. Our mail business is extensive and we guarantee careful selection from our large stock of Steinway, A. B. Chase, Haze I ton. Sterling and Huntlngton PIANOS. Second-hand Square*, *. 215. nprard*. Second-hind Uprights, 100. upmirdu. Second-bind Grands, 150. u'pwttrdi. EtKj ptyment* If desired. LYOM, POTTER & CO. Steinway Hall, 17 Van BurenSt., ChlceaTO* THR First National Bank 1 Illinois SoIcm*~TiuxIy a Springfield, His., Dec. 6. — Contrary to expectations not a. single member of the legislature had arrived In Springfield yesterday. It Is expected, however, that the majority- of the members will be here by tonight _ Greco-Turkish Treaty Signed. Washington, Dec. 6.— The Turkish legation Saturday received the following from Constantinople: "The definite treaty of peace between the sublime porte and Greece baa been signed this day." Delknlter Sentenced to JPri»oiu Chicago, Dec. 6.— Georg* Bogart, the defaulting city clerk of Evanstou, ha* been sentenced to an indefinite term In *£ penitentiary.. _ __ _^ . . CAPITAL||250,000 A. J. MURDOCH:, PMOSIDKHT, W. W. BOSS, CASHIICR, J. F. BROOKMETBR, Assr. CAJHZBB. •iracTOBs: A. J. Murdoet V. H. Brine-bant, Uhl.B.8. Hloe, B.F, TftntJj, I M. Aurwoot, W, 1. WU»on. Banking* in all Ito and caref iUly done. Safety 10 Customer! sought for. Strong BeMTvejPuiut Maintained. Depart-a-m-M prompt^ •ad ttookboidor All the way From the Missouri River to Buffalo, the;Wabasfc Railroad Operates Trains over its Own Tracks. Ha-flnr leawd the traoti of ttut Trnnk fiallway between Detroit lionB-ddgeaadthofeoftbeKitoK. H, Sojspenslon Bridge to Bnff-Lb, tb» Wat»afc KB will ran it* own train* fratn^ Omaha, Dea Motoet, 81. KooK.Qtitao-f. J b«a, Kecknk and ChioarCtoBu-Hilo. 1 only road frini Vliirmil ini point! baT-tnfltiownUo-* nw B-aflak). TTiinii|li mnfmnil'iiaMfi'lf, at, -leata «nd ObfM«o to Bnfhl* wakMft - - ' • -"

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