The Algona Upper Des Moines from Algona, Iowa on February 16, 1898 · Page 4
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The Algona Upper Des Moines from Algona, Iowa · Page 4

Algona, Iowa
Issue Date:
Wednesday, February 16, 1898
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WPltt MS MOINE& ALGONA, IOWA, WEDNESDAY, FEBRUABY 16,1898. * WA&REN. T*rms> to Subscribers. Qn« copy, one year tl.6i Ctaecopy, six monthsi ..... ... 71 Oh& copy, three months 4i Sent to tmp address at above rated. Remit by draft, money order, or express or dpi- at our risk. Bates of advertising sent on application. OEO, E, llOiBEBTS' APPOINTMENT The Washington dispatches of Fob 11 contain this item: George E. Roberts of Iowa who will as sume the office of director of the mint o Monday next, visited the white house thi morning and was Introduced to Preslden McKlnley by Solicitor of the Treasury O'Conhell of Iowa. This Is the first titn tbat Mr. Roberts ever met with the pres: dent, and it is the first time tbat Preslden MeKlnley ever saw Mr. Roberts. The nqw director earned his appointment by writing and publishing his book entitled " Coin a School in Finance." a political brochur which had great weight In the presldentia campaign, and which attracted the atten tion of President MeKlnley when It wa first published. This ia not the correct version of Mr Roberts'appointment as THE UPPKR DBS MOINES has it from good author! ty. It was not his answer to Coin, bu his last year's book, " Money, Wages Prices," that was tho entering wedge As the story goes one of these books was lying on M. D. O'Connell's desl when Secretary Gage came in to see Mr. O'Connell. Picking up the book he said "This is tho best book on the money question I ever read," and then he asked if Mr. O'Connell was acquaint cd with the author. During tho con vorsation Mr. Gage remarked that they ought to have Mr. Roberts down at Washington, but Mr. O'Connell said that he could not afford to leave his business. Nothing further occurred until Mr. Roberts' address before the Des Moines Grant club, whjch agair led Secretary Gage to talk with Mr O'Connell about getting Mr. Roberts to Washington. Mr. O'Connell again said that he could not afford to come for any place that he was likely to get Thus matters stood when the retire ment of R. E. Preston, director of the mint, was decided on. Secretary Gagi at once suggested Mr. Roberts to Pres ident McKinley, who called Senato Allison and Congressman Dolliver anc together they decided that Mr. Robert exactly filled the bill. It is not known why Mr Preston was retired. He wa an out-and-out gold man while Mr. Rob erts is a believer in international bi metallism. But there was no disput between Secretary Gage and Presiden McKinley. They both agreed upon Mr. Roberts at the secretary's sugges tion. _______________ THE POINT TO EMPHASIZE. The Sioux City Journal and THE UP PER DES MOINES are not so far apar after all. It Is more a matter of where the emphasis "shall be put. We thinl . the Journal over-states the difflcultie in the way of " a par circulation of golc and silver as money," which it proper ly defines bimetallism to be. We thinl also that the Journal underestimates the importance of securing such oircu lation with a freer or free coinage o silver. Thus, for instance, the Journal goes so far as to say that circulation of both metals at par and free coinage of both is impossible, " so utterly anc so obviously are bimetallism and free coinage incompatible as to amount to a contradiction of terms." In this it is not sustained by able students of the money question, who agree that the commercial world could use two commodities as limited in quantity as gold and silver on even terms at a i-eason- able ratio, and that their commercial value would conform to the \egalvalue. We see on every hand how readily private corporations fix values on commodities which are produced in limited quantities. The idea that the commer . oial world could not fix any reasonable value on gold and silver and maintain it is contrary to the business senso, and is contrary also to the actual experience of France and the Latin Union, The Journal dwells at length on the failure of the United States alone to accomplish this result, and adds that no country "in this generation" has so succeeded. Why does it thus exclude an experiment which did succeed in times of great fluctuations in the commercial values of gold and silver? The Journal also goes so far as to say that " It is for precisely this reason that all the great, intelligent and progressive nations have been forced to abandon free coinage of more than one metal." A careful study of the reasons given in the conference of 1867, when the de- monetization of silver was agreed upon, will fail to disclose that any nation felt forced to abandon free coinage of silver. In fact the fear of silver had the least possible influence upon that conference, for silver coinage in 1867 wa^ farthest from being an element of danger. The further fact that the nations which them abandoned silver coinage confessed repeatedly in subsequent conferences that their action was a mistake, is proof in itself that the Jouiv Ufti'e cpnoiueioB is unwarranted. But tor tljs policy of England no one can tfoat today silver would be freely i» every one at an agreed ratio, of these conclusions the necessarily sees but little in bimetallism worth while. w PrJ4 is con- that it has now $4,300,000,000 of gold and $4,100,000,000 of silver in use as money, with no pftr- of-exchange between them, in most countries silver becoming yearly greater load on gold, In every gold country latfor being confronted with the cheap products of the cheap pale labor in silver countries, and commerce everywhere being rendered needlessly expensive and difficult on account o; money fluctuations, for all of which the Journal suggests no improvement. We can reform our internal currency in the United States, but how will that affect the situation? If the world can dispense with silver, there is one way out. If it cannot it must come to adopl a par-of-exchange, to establish a fixed ratio which it will maintain in the interests of commerce and stable money, and that is what international bimetallism means. The Journal asks what THE UPPER DES MOINES moans by " bimetallism.' It accepts the Journal's definition. Dana Horton says it is " the concurrent circulation of gold and silver at par." The Journal asks what THE UPPER DES MOINES is for? THE UPPER DES MOINES is for the St. Louis platform, which pledges this country while maintaining the existing standard of values to work for a world-wide par-of-ex- clmnge between gold and silver. The prospects of success are not bright at present, but why should an ideal be deserted, because it is temporarily overshadowed? If wo over meant international bimetallism why not continue to mean it, so long as the problem exists and no better solution is suggested? So long as the world has two money metals, it will have tho job on its hands of maintaining some fixed relation between them. What do wo gain by letting this fact be obscured by merely local currency reforms? A QUESTION FOR THE COUHIER. The Courier dodges farther and farther from its original proposition that the public debt ought to be paid at 50 cents on the dollar, which is the real meat of the Teller-Bryan program, and this week puts in a column to prove by dictionaries and almanacs that we had bimetallism in this country from 1792 to 1873, when every school boy knows that at no time In that entire period did gold and silver circulate togethei as money. It is not worth while to go over this ground any more. If whal we had then is what the Courier calls bimetallism, then bimetallism now means a 50-cent silver dollar, and so in a round about way we are back to the essential fact, and that is that the Tel lerites propose to'debaseour money, re pudiate their debts half, and bring us to the silver standard. , The Courier repeats two questions, which THE UPPER DES MOINES has been answering every week now foi some time, and which it did not there fore specially notice last week. It wil answer them again and ask the Courier a question in turn. The Courier asks what the standard will be if the repub lican idea prevails of using 1 both golc and silver at a single Standard of value. It will be gold. The republican idea is to keep all the dollars in this country equal in value, that is as good as gold dollars. So long as gold is the more valuable metal it will be the standard. The Courier also asks: "If the sliver dollars are as good as the gold dollars, what difference should it make to the bond-holders which is received?" None whatever. It is the threat that silver dollars will not be kept as good as gold that has caused all the scramble for gold. B. A. Plummer, for instance, never thought to make his mortgages payable in gold until the Bryan campaign began. It is such votes as that in the senate on the Knute Nelson resolution that unsettle confidence in our silver money. This leads us to the question for the Courier. Knute Nelson, senator from Minnesota, introduced a resolution declaring it the duty of this government to keep all its dollars at a parity. The Tellerites voted this i-esolution down. Does the Courier endorse the purpose of this resolution? Does it believe the credit of the government should be pledged to keep every dollar in use in this country as good as every other dollar? We advise careful considera tion of what an answer involves, for if the Courier says "yes" it repudiates he whole Teller-Bryan program and its own theory of bimetallism. If it answers " no" the colored man in the wood pile will be so clear to the view of all i* /readers that no one can be urthe**£ecelved as to the real purpose of the present deep planned assault on the national credit. NEWS AND OOMMENT. Congressman Dolliver's speech on the Teller resolution, which appears in full elsewhere, is a very complete history of tho national debt. It will repay perusal. The school teachers of the state are quite generally opposed to state uniformity. The Burt Monitor is five years old, like everything at Burt it is first class. The Monitor is a credit to Kossuth county as a newspaper and deserves a liberal patronage. ' The Carroll Herald is for revivals; 'Why isn't it right to whoop it up i n relig-' on the same as io business and politics? :tis necessary tp get pepple of a certain, ^njpei-ament excited before they do any- hing gopa, vote right, 40 right, pp d,$fil& tp think right. You've got to heat the metal before it will take an impression, and we are glad to see people get warmed up over religious subjects. It is the only way the iron heart of the sinner can be touched." E. J. Hartshorn of Emmetsburg is out for state auditor. Now that Homer Miller la out of the race he is likely to have a united support from this part of the state. The Vinton Eagle still makes a vigorous fight against the board of control, so does the Carroll Herald. Most of the papers, however, see tbat it is going to be tried, and are curious to learn whether it will do What its friends claim. The Republican says THE UPPER DBS MOIJTES editor fs a rank populist and the Courier editor is a gold bug. It should have completed the Algona trio and la- belled Itself. Since last spring's city election and that editorial on "Bonar's Mistakes" no one has ventured a guess. E. D. Chassell of LeMars is out for state auditor. Ho and Mr. Hartshorn must pool issues some way or they will go down together. ___________________ IN THIS NEIGHBORHOOD. Theo. Myhre, tho Esthorvillo byci- cler, has started for Alaska. J. J. Bruce, thoRolfo war horse, was an Algona visitor a week ago. An insurance company has n plan for building a $20,000 opera house in Spencer. C. B. Sarchett has bought his partner's, G. A. Holloway's, interest in tho store at Bancroft. Burt Monitor: It is said that Grant Benschotor is planning on going to Cal- .fornia again in the near future. Gertnania Standard: A. D. Clarke of Algona bus made real estate sales since Dec. 1, 1897, amounting to $10,000. Judge Quarton sentenced Chot Dyke, tho winner of Bailey's talking match, to 80 days in jail for kicking the marshal up at Estherville. LuVerno News: John Dilts, son-in- law of Z. C. Andruss, has sold his home In Randolph and he and his family are coming up to spend a year at least "neath tho parental roof. Brltt is going after the Hancock county seat, now located at Garner, and a $25,000 court house on a $5,000 site is one of tho promises held out for support. An Armstrong girl sent 25 cents to a New York advertiser to find out how to whiten hands. She got the answer in a few days, u Soak 'em 'in dishwater." Ii tickled the tired mother nearly to death. Armstrong Journal: A gentleman in Afton, this state, is advocating tho advisability of running a printing office in connection with the Algona normal school. Ho evidently don't know as much as he might even if he does prefix Prof, to his name. Whittemoro Champion: Mr. and Mrs. Geo. W. Smith of Algona started out before Thanksgiving to visit all of their sons and daughters who live in Iowa, They have been at Goldfield, Webster City, Kalo and Ayrshire, and will soon visit here on their return. The Armstrong Journal says of the Rahm shooting: Wo hope this affray will help to civilize that community which is noted for it? tough characters. It is claimed there are several who wear their hat on the side of their head, turn up their coat collar, chew smoking tobacco and spit blood. John G. Smith is going to buy the land the Union slough grade v ison, The Bancroft Register says: Thegrade is off the line, on Holloway's land. To put a new one would cost over $900; to buy the two acres of the private land covered by the grade will cost $70, and that's what the supervisors will do. Ledyard Leader: The fellow that Algona had on the string to resurrect their normal school, wants the people of that town to put in a print shop for him besides putting up for some of the other expense. Because Algona has three rattling good papers that is no sign the thing should be overdone. The pepple down there ought not to harbor this man's scheme to get them to set his whole family up in business. Emmetsburg Reporter: Attorney Geo. E. Clarke of Algona passed through Emmetsburg Wednesday, on his way to Estherville to look after some legal matters in court. * * * W. B. MoMurray and wife of Algona have become residents of Emmetsburg, Their household goods arrived the middle of last week, and Mrs. McMurray arrived Monday evening. They will reside in one of J. H. Godden's residences south of the track. Emmetsburg Reporter: The annual meeting of stockholders of the Algona Deposit & Loan association, was held at Algona Tuesday at 10 a.m. Something over 2,000 shares were represented. The election of directors took place and resulted in the selection of all of the old directors with the exception of Mr. St. Clair, who declined a re-election. His place was given to E. J. Murtagh, The matter of reducing the interest rates was up for discussion, but it was left in the hands of the directors to do as their best judgment directed. It is safe to say, however, that the rate will be lowered, as several loan associations in the state have already done so and the competition in this respect must be met. ' THE SIOUX CITY JOURNAL, Twice a week, four pages Tuesday, eight pages Friday. The best and cheapest. A delightful visitor anticipated with pleasure by Its thousands of readers. Two papers every week. The Journal's popularity is certainly jvidenced by its large and ever-increasing circulation. Bright, clean, and entertaining. It pleases all. Once a subscriber, always a subscriber. Features of the Journal: The news of the world, able editorials, scientific miscellany, pliable market reports, short stories, jumorous illustrations, the latest fash- on gossip. Terms of subscription: One dollar per year, 6,0 cents for six mouths, 25 cents for three months- A .rial, order solicited. Sample copies ree on application. Address, Perkins Bros, Co., Sioux City, Iowa. . Publish' era twe Dally'Journal, w per ye«it-; the' Sunday Journal, *gj 'the Twice a Week rpurnal, $1; the Pally Evening Times, TELLER'S PLAN DISSECTED, DOLLIVEE TAKES -A THEN AT IT, ID a Good History of the Nfttlonnl Debt fttid the Provisions Made for Its Elimination. The history of the national debt, and the provisions for Us payment, are so well set forth in Congressman Dolli- ver'a speech on the Teller silver resolution in congress that THE UPPER DBS MOINES gives H at length: Mr. Speaker: A great deal of fainfl- iar matter has found its way into the debate; and the entire absence of emotion with which it has been received indicates to my mind thnt we are nearing the end of the silver agitation In the United States, I read the other day a communication to a New York free sliver dally newspaper by its most famous editorial writer, Mr, MoEwen, in which he took occasion to illustrate the dilapidation of the silver cause—I' mean the cause of 10 to 1—by referring to the experience of our friends on the Pacific coast with the Chinese question. Ho said there came a time in tho history of that controversy when there was hurdly a man or u woman left in California who did not prefer tho bur- don and danger of Chinese immigration to any further conversation on the subject. And so, according to this writer, tho time has come when tho people are ready to welcome all the alleged horrors of the gold standard if the noise of 10 to 1 can at last bo silenced in the' liolitics of tho United States. My friend from Missouri [Mr. Bland], to whose speeches on the silver question, delivered in this house twenty years ago, not a single idea has been added in the snaco of nearly ono generation, came upon this floor a few moments ago uid declared that this resolution was opposed only by bankers and tho money power of tho United States, and his colleague from Ohio, who has just taken his seat, said it was the syndicates and tho organized conspiracies of money that were behind the efforts to de- fent this resolution. The gentleman from Missouri [Mr. Bland] asked UB to state what objection we had to the payment of the bonds of the United States in the silver dollar of the United States? If he means the silver dollar of today, I for one have no objection to it [applause on the republican side], for I thank God that we live in a country that has had the prudence as well as the honesty to make that dollar exactly equivalent to the corresponding coin of gold. [Applause on the republican side.] And there is no creditor of the United States and no creditor any where in the world, public or private, who has any objection to receiving the coined silver dollar of the United States today. But this resolution does not propose to deal only with that. This resolution calls on congress to restore the coinage of silver as it existed under the law of 1837. Where is the philosopher wise enough to know what the value would be of the proposed free silver dollar when emitted by the mints of the United States under a law for its unlimited coinage at an obsolete ratio? There was not a man connected with the last presidential campaign that had wisdom enough to know what that value would be. Mr. Vest of Missouri in the senate debate preceding the presidential campaign said distinctly that the human mind had no faculties that would enable any man to predict with accuracy what would be the effect of giving free coinage to silver. The chosen leader of the democratic party could only say that it was an experiment and that he was ready to try it. Sometimes he said one thing, and nearly all the time another. When he went to the city of New York to receive formal notification of his nomination he said that free coinage would result in restoring the value of all the silver bullion in the world, thereby creating a coin exactly as good as gold, but before ho had got 300 miles out of the frost of that occasion ho began talking as he used to talk in this house and everywhere else, about the 200-cent gold dollar—the balloon dollar —and announced that his mission and tho mission of tho democratic party was to cut in two the inflated and injurious value of that coin. Nobody knew which he believed at that time. Nobody knows now. Fortunately for the people of this country, nobody cares. [Applause on the republican side.] For he has become in the thought and opinion of the people of the United States a little like the lover described in one of Tolstoi's novels, of whom it was said that he was accustomed to use one half of his faculties for the purpose of deceiving himself and the other half for the purpose of giving the appearance of reason to his illusions. [Laughter.] My friend from Missouri [Mr. Bland] says that nobody is in favor of the settlement of the public debt in gold except the bankers and brokers and the money power. And he inquires where we get the inspiration for such treatment of the bonded indebtedness of the United States, I do not know whei-e he gets his inspiration, but I know where the republican party gets theirs. They get it from the history and record of the times when the debt was contracted, as interpreted in the first inaugural address of Ulysses S. Grant as president of the United States, who was elected upon a platform requiring the government of the United States to make good its promise to pay its debts in dollars which every human being at that time understood to be the gold- coin dollars of the United States. What did General Grant say? To protect the national honor every dollar of the government indebtedness should be paid in gold, unless otherwise expressly stipulated in the contract. [Applause on the democratic side.] Now, I ask these gentlemen, will any inan rise and state what bond issue of the United States, made to provide money to carry on the war, contained the express stipulation that it was to be paid otherwise thaw In gold? > Mr. WUliams of Mississippi. Every which says " coin" gays otherwise gold, It says " either gold or sllr ver." Mr. DolUver. When I was speaking a moment ago, the democratic party on this floor, w^th its Irrelevant applause nearly ruined my speech [laughter] undertaking to Interpret the meaning of General Grant when he used the words in his first inaugural—" unless otherwise expressly stipulated in the contract"—which I had the honor to read. It will take me less than a minute to read for the benefit of the house the interpretation of those words put upon them by General Grant himself. I read from a letter of his to Mr. Washburn, from Paris, In 1879, contained In the North American Review for August, 1897: The whole democratic party cried itself hoarse over the outrage upon the constitution when the nation in its desperation adopted the " legal tender note." Now the whole party seems to be willing to issue an unlimited quantity of this money in spite of their previous declaration, In spite of the solemn promise that above a certain amount —four hundred million—should not be issued In Bptte of the solemn obligation that those Issued should be redeemed In coin, understood at the time to be gold coin. [Applause on the republican side.] Yet It Is today claimed on this floor that the contract to pay in paper was wickedly changed BO aa to make paper bonds payable in coin, and the word coin" wickedly changed to moan "gold." What are tho facts? The loan act which authorized tho 5.20 bond became a law Fob, 25, 1802. Jay Cooko & Co. wore tho loan agents of tho government. By tho authority of tho secretary of tho treasury those agents advertised a fi per cent, loan, Interest and principal payable In coin. There was not a loan bill on tho statute books by which tho kind of money In which coupon or principal Is payable is mentioned, and yot tho hard-money policy of tho government has boon uniform. The question was not raised during tho finance debate of 1862. Tho evidence is overwhelming that those uonds were to be paid in coin, A sinking fund of coin was set apart to bo used each year to liquidate tho very debt that was being created. At that date nobody supposed the legal-tender urrency would be issued beyond tho $160,000,000 authorized, whereas tho principal of these bonds was $500,000,300. Every member of congress knew it. They were sold alongside the coin- bearing bonds under the 10-40 act and met as ready a sale. Can any man believe that the buyers understood that they were getting paper bonds? I have examined the contemporaneous debates and I say to you that at the crisis in which these securities were issued no man, here or abroad, supposed they were to be paid otherwise than in coin. No member of either house of congress suggested such a thing. I have heard the old wheel horse of the administration of Lincoln summoned from his grave to lend the weight of his influence to the schemes of the inflation- ists. I am prepared to show that Mr. Stevens never gave a syllable of countenance to paper money payment until long after the contracts had been made. I find in his speech on the loan bill in the house on Feb. 0, 1862, three direct admissions that in his view the bonds were redeemable after twenty years In gold. In the same debate Mr. Hooper, a member of the committee on ways and means, of which Mr. Stevens was chairman, used this language (Globe, second session thirty-seventh congress, page 051): The proposed issue of government notes guards against this effect of inflating the currency by the provision to convert them into government bonds, the principal and interest of which, as before stated, are payable in specie. This was after the committee had reported the bill almost unanimously. Mr. Stevens rose immediately afterwards and suggested that the debate closo without intimating that Mr. Hooper was wrong. I am convinced, not as a partisan, but as an honest investigator, that the government and the public understood this contract alike. In the debate of 186? on the 1040 loan act, the intimation was for the first time made that the paper of the government could pay the 5-20 bonds. At this point of the debate Mr. Thomas of Massachusetts moved the express provision of payment in coin, which was carried after this remark from Mr. Horton, an influential member of the way and means committee, from Ohio. I wish to state here that the committee on ways and means in framing this bill never dreamed that these twenty-year bonds would be payable in anything other than gold until the gentleman yesterday told it upon the floor of the house, I say to the gentleman and to this house that I never heard an expression that the bonds were to be paid in anything other than coin. The form here proposed is the form always used by the government, and they have always been paid in coin up to this day.— Globe, first session fortieth congress, page 800* The loan bill of March 3, 1864, provided for some 10-40 bonds and some five-twenties, making them all payable in coin. The men who proposed to pay these in paper were surely dangerous counselors, yet the five-twenties of that year are identically the same as were those of other date's. The loan act of June 30, 1864, was the last of the 5-20 bond series. In the elaborate debate on this bill the question of paying them in paper was discussed. No specification had been made as to the money in which the final payment was to be made. To be sure of this matter Mr. Brooks of New York moved an amendment providing for coin payment, and made a speech, to which Mr. Hooper replied by saying— that the bill of last year— That is, the $900,000,000, 10-40 bill of 1863— contained these words— That is, payable in coin— but it was not deemed necessary or considered expedient to insert them in this bill. I will send to the desk and ask to have read as a part of my reply to the gentleman from New York a letter from the secretary of the treasury. The clerk then read a letter from Secretary Chase setting out the uniform hard'tnoney mode of payment and stating that the 5-20 bonds before issued were, i a the judgment of the administration, payable la. coin. Only the temporary notes and loans were at that time supposed to be payable in paper by any other man either In con- E ress or in the cabinet, save Thaddeus tevens, seldom, in bis plaoe in the committee or on floor. He changed his mind. He died without a disciple in the republican party, 'except General Butler, who was in the field and not in congress at the time ol this bond issue. To learn the truth of these contracts an intelligent man has only to turn to the reports of Secretary Fessenden and the official message of the presiden and the concurrent and unanimous judgment of both houses of congress. The agreement interpreted by the history of the times was to pay them in money and not in depreciated promissory notes. And the only coined money known at the mints or in the busi- iness of the people was gold. Without that understanding not a bond would have been taken in any market. Bull Run was not a very good advertisement for United States bonds. The existence of the government, not to speak of its solvency, was at stake when these bonds were put upon the doubtful markets of Europe and America. When Stevens intimated that the 5-20 bonds could be paid in paper in the loan-bill debate of 1863, and when an express provision for coin payment found its way Into the bond act of that year, a suspicion arose in the minds of German bondholders, and the credit of the United States began to suffer. The matter was referred in 1866 to the finance committee of the senate* with a view to legislation for strengthening the public credit. The committee reported that the law could be so interpreted as to warrant paper payment. Governor Morton spoke for the senate and for the country when, In his speech in favor of tho report, ho said (Globe, first session, forty- first congress, page 53) that if payment was made in greenbacks they must first bo made on par with coin, according to their terms, which contained a promise to pay dollars under the law, which tho supremo court interpreted by saying tbat tho dollars were the coined dollars of tho United States. Senator Pondloton, taking advantage of this report, and forgetting the solemn pledge which limited the greenback issue to §400,000,000, demanded an indefinite issue of promissory bills and thepayment of tho 6-20 bonds with them. The question wont Into tho campaign of 1868, with General Grant at the head of tho republican party, and standing on tho platform which the next year was crystallized into the actof congress which provided to pay these bonds in coin or its equivalent, and at the same time pledged the faith of. the United States to the redemption of the greenback notes in coin. The only coin in the minds of either party to these contracts was gold, the standard to which the depreciation of the paper money was invariably referred. It is ridiculous to say that anybody contemplated payment in silver, if for no other reason, because less than 8,000,000 silver dollars had been minted in the United States from its foundation, every one of which was worth more than gold, and hardly one of which was in use among the people except as a curious relic of the past. It was therefore in full view of this situation tbat General Grant, standing on the east portico of the capitol, uttered the words which I have read and followed them with this solemn warning which I commend to the men who are today attacking the foundations of the national credit and threatening with disaster the party which stands up to defend the integrity of American business and sanctity of the public faith: Let it be understood that no repudiator of one farthing of the public debt will be trusted in public place and it will go far toward strengthening a credit which ought to he the best in the world, and will ultimately enable us to place the debt in bonds bearing a less interest than we now pay. [Applause on the republican side.] DEATH OP MBS. S. H. TAPT. • A Pioneer of Humboldt Passes Away In California. Mrs. S. H. Taft died of cancer of the stomach at Santa Monica, Feb. 3. She was born May 1, 1832, and came to Humboldt in 1863. She was well known to all early settlers, and was a woman of rare qualities. REAL ESTATE TRANSFERS. [Iteqortcd weekly for this paper by Hie abstract office qf 0. 0. Samson. ] Following are the real estate transfers In Kossuth county for the week ending Feb. 14: Mrs Edna Hathaway et al to Frank Marltl, neqrlO,05,20 ........ S3000 E J Murtagh et al to E A Howe, ne of ' nw3, 07,28 ................. 000 Homy H Patterson to R P Wrieht' ' - 5 acres In sw sw ........... -JOK L O McNeil to Joseph C Hess', 'ne 'of' 8 00,20 .................... "840 Jas H Reece to Prank W Hill, n hf sw "' shfshfnwia, 07.27.... 3000 Jos G Hess to Theo Miehe, se 7, 07 ' »7 4'ono Ambrose A Call to Dlst Twp Greenwood, 1 acre In sw cor 1, 08, 20 0*5 Christ Mosher to Rudolf Tsohudi sw of sw 22 and ne of se 21, 04, 30 "080 Christ Mosher to Henry Schmidt e'n'f "' nw20, 04, 30 .................. ooon Christ Moser to Simon Moser, w hf nw ' 20,04,30 ................. i nee Christ Moser to John Moser, s hf ' 'ne andnhf none 27, 04. 36.... .. ' o in'i Wm Dau to Frank Dan, e hf se 8, 06. "' • 30 1600 Lena Delia Johnson et al to Frank Dan, w hf ne 8, 00, 30 ...... o oon Marietta Mahoney to Albert Behl/n'hf "' 10,00, 30.... ................. 10 5fift Arthur Moore to Rebecca J McDonald' ' o^ 50f n o£ n l ' 5 of e x ' 8 o£ nw nw 25,' U7, ti\j ................. , o non Rebeca J McDonald to Christian Madison, seswis. 00, 20. o nnn ' ' ' ' o .. 0 M & St P Ry Co to A b" 'oiarke'and ' Thos F Cooke, se sw 10, 07 27 94.0 Gustav^Rake to F A Mullen, e hf 'ne 24, J 0 Sullivan to Cornelius Sullivan nw 1 qrandwhfnelO, 100, 28 ..... ...' 4 000 J no Smith, guard., to Richard Hodge und hf outlet 0 Irviugton station 114 Flavllla Brown to Richard Hodge, part of outlot (I, Irvington station . gon A £? r £ °x°, ady to 4 w Hlanelmrd, l6t'i ° blk 2, Nicholson's add, Hurt nun Arthur Moore, to Rebeca J.Mcbonaid; n.7, 1 ? #, of n . 10 "' out lo t *. Hurt s 000 C ^ t o 0 l^ n1tc0 ,i ohn Johnson, lotsi ' Wesley 1&Bl pavk * ad ' *° '' 0 of bik THE MONTH'S MAGAZINES. The Capture of Government by the money power is the subject of a strikine and forceful article by John Jay Channmn which opens the February Atlantic. Mr Chapman finds this to be but a chapter in the history of commerce, the result n f «, new laws inevitably strivo to t ulrln to control the l^ Wn w&f

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