'APRIL li'904.
The Commoner.
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Watered Stock,
M?
W. li. Oliver of Now Bern, S. C,
has issiied a Httlg pamphlet giving
the origin of the phrase "watered
stock":
It was published that at one time
Mr. Daniel Drew was engaged in the
cattle business. That he would go
through the country and buy stock
and drive it to New York and sell. It
was said that the day before the stock
was to be weighed he would feed as
much salt to tbem as possible, and
the next day before they were
weighed he would give them all the
water they would drink, and thereby
added to their weight. The phrase
"watered stock" became a oy word
among the cattle men.
Within . a . few years past a vast
number of corporations have been or-
ganized, and a conservative banking
house in New York-estimates that the
unprecedented amount of three thou
sand million ($3,000,000,000) of this
watered stock has been placed on the
markets in the shape of bonds, pre
ferred stock, and common stock. Tak
ing the prices at which these bonis
and stocks sold for in August and Sep
tember of 1902 and at which they sold
for in August and September, 1903,
A NOTRE DAME LADY,
I will send froo, with full instructions. Eomo of
this simple preparation for the euro or Leucor
rhcoa, Ulceration, Displacements, Falling of tho
Womb Scanty or Painful Perlods,.Tumors or
Growths, Hot Flashes, Dcsiro to Cry, Creeping
feeling up the Spine, rain in the Back, and all
Female Troubles, to all sending address. To
mothers of suffering daughters 1 will explain a
successful Home Treatment. If you decide to
continue it will only cost about 12 cents a week
toguarantoo a cure. Tell other sufferers of it,
that is all I, ask.. If you are interested write now
ud tell your suffering friends of it. Address
Mrs. M. Summers, Bo 118 Notre Damo, Ind.
tho -difference as estimated is a decline
of over one thousand million ($1,000,
000,000) of dollars. This fearful de
cline has caused many suicides, many
defalcations, many cases of insanity,
many cases of sorrow and sadness
among a vast number of families in
almost every community in this coun
try. I asked our United Slates senator
what was an elastic currency; he re
plied he did not know. I asked tho
same question of our member of con
gress; he gave the same reply.
It is said by those who are advo-x"
eating it that it is intended and that
it is necessary for the purpose of
moving our crops of cotton and grain.
This statement is fallacious as cotton
and grain can move themselves. The
facts are it is proposed to allow the
national banks to issue circulating
notes based upon stocks and , bonds
of tho various corporations. There
is no question of it being an elastic
currency; that it would soon be cut
and in the hands of farmers for the
purchase of their cotton and grain.
Now for redemption of these notes the
basis on which they are issued is to
be paper stocks and bonds.
Within the last GO days we have
seen stocks and bonds decline from
the price at which they were selling
at a year ago, 10, 20, 40, 50 and even
as much as 75 per cent. If this bill
which is now proposed at the ap
proaching meeting of congress had
been in force and these notes had
been in circulation a similar result to
the failure of the old United States
Bank would have taken place.
It is .singular that the advocates of
the bill only a few years ago 'de
nounced state banks as wild cats, that
their notes and silver dollars wor.o
fiat money, yet they forgot to tell tho
people that the people of North Caro
lina had in twenty years through the
failure of national banks lost more
money than they did in fifty years
prior to 1860 by failure of state banks.
They were told to place tho country
on a gold basis which would, restoro
confidence, that there was an abund
ance of money in tho country to do
the business and no more was needed.
Now they propose to enter into a
most gigantic system of "wild cat"
banking.
What is now needed is an Andrew
JacUson who would say, "By tho
Eternal." this business shall ston.
When he spoke tho people knew ho
meant what he said.
It will be gross injustice to buy from
the farmers their cotton and grain
(which will be shipped to Euiopo and
sold for gold) and pay for it in paper
notes based on paper railroad and
other bonds and on stocks of various
corporations.
RHEUMATISM
Cured
Without Medicine
New Method Discovered for Drawlag
Out Rheumatic Acid Poisons
so Successful that the
Makers 5end it to
Anybody
Free on Approval To Try
Don't take medicine there's a better way to
euro rheumatism. It is through tho soles' oi the
feet. Iteing nerve centers they not only con
truest uiscnflo, out tnoy also cxpci it. rnrougn
tho largo loot pores tho great new discovery,
Magic Foot Drafts, reach and euro rheumatism
in every part of tho body. They euro alter
everything cite falls. No other remedy ever
made such a record, or cured so many cases con
sidcrcd Incurable.
MMM
If .'""rffk
Circus & Godsend.
When Governor Peck of Wisconsin,
was publishing the Sun, at La Crosse,
Wis., Sells' circus came to town. The
press agent was Charley Scott, big,
bluff, and acutely sensitive to a humor
ous situation. He paid a visit to the
Sun office, and, meeting Peck, said,
"We'll want a two column ad. in your
paper."
"All right, you can have the space,"
was the reply.
"How much will it cost?"
"Just $63.50."
"Well, we must economize some, and
perhaps I can get along with less
space."
"All right."
"What will one column be?"
"Cost you $63.50."
"But that's only half as much as
the two column ad."
Magic Foot Drafts arc so Buro to cure that tho
makers aro sending them to everybody who
writes, to try without paying a cent. You simply
put them on and wear them. Then itsntlsliea
with tho benefit received, send one dollar. If
not thev coHt you nothing. If cured one dollar
Is little to pay. Wrlto today to Magic Foot
Dralt Co., XC2, Oliver Uldg., Jackson, Mich.
"I know it, but it will cost you Just
the same," said Peck.
"What tho d2vil do you mean by
charging the same for one column as
you do for two?"
"Well, I'll tell you," said Pck, with
a genial grin. "The circus will be hero
the 17th, and tho 18th I must meet a,
draft for paper for $63.50, and your
old circus is a godsend. Your ad. will
just meet that draft;"
"I'll be hanged!" ejaculated tho as
tonished Scott. Then, the humor of
tho situation catching him, he added,
"But I'll take tho two columns."-
New York Herald.
GJ"
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COMMONER. CONDENSED.
VOLUME III
f
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turn when the books are received from the pubiisners.
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