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About The Red Cloud chief. (Red Cloud, Webster Co., Neb.) 1873-1923 | View Entire Issue (Sept. 29, 1893)
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THE RED CLOUD CHIEF, RED CLOUD, NEBRASKA, FRIDAY, SEPT. 2, 1893.
WHAT KIND OP MONEY
Ao Able Address by an Able
Nan Upon Our Gold nnd
Hirer a Money.
Interesting Figure Arc Clten
and Comparisons Made
as le Their L'se.
Tloti. O. M. Lambertson, of Lincoln,
first seelsttnt secretary of tho treasury
during Harrison's administration, deliv.
red an address befors the faculty and
students of the Lincoln normal univer
sity upon the financial situation. The
address was an able one, and is valuable
for the information it contains from one
who has been in a position to speak from
the record. He draws his conclusions
from historical facts, and wliilo the
whole addrcm is too long to reprint at
this time, extracts are taken from it
giving the facts, as follows:
"We have gold coin in circulation to
the amount of 5403,01,700, and gold
certificates eCfJ,070,01P. making a total
of (-190.700.710. Uy tho statute 25 6 10
grains of gold make a gold dollar, which
is the unit of value.
The standard silver dollar consists of
U2 grains of standard silver and
371 J grains of pure metal. Tho stand
ard of both gold and silver is required
to be so that of 1,000 parts, 000 shall bo
of pure metal and 100 alloy. The
standard silver dollars in circulation are
657,020,713, and the Eiibeidary silver in
circulation is 03,400,209; silver csrtifi
cates, (320,180,105, and treai-ury notes,
8110,001,001. making a total of silver
money, and pajer money based upon
silver, in circulation, of fc$l),"WO,970, as
against (100,503,710 of gold nnd gold cer
tificates in circulation.
The United States notes in circulation
are 320,875,083; national bank notes.
cl71,73I,130; making a total currency in
circulation of (1,503,720,111. The
amount of gold, silver and other cur
rency issued is (2,1 .'0,23 1.003, of which
amount eo2iJ,531,G;2 arc in the treasury.
It is important to note the difference
between the paper currency in circula
tion. Gold certificates arc in fact note,
und promises to pay issued by the
United States, pajablc in gold dollars.
Silver certificates arc notes for the
United States, payablo in silver dollars.
Tho silver certificates were issued under
what is known an the Bland act of 1373.
Treasury notes arc notca issued by the
United States, payable in coin. Thee
notes aro issued under what is known a
the Sherman1 act of July 11, 1900, which
authorizes the purchase each month of
1,500,000 ounces of silver at tho market
prico, which are paid for by thebe treas
ury notes. United States notes nro what
aro commonly called greenbacks, or
lcal tender notes, the liret of which
wers issued early in tho war, immediate
Jy after tho United States suspended
fpecie payment. Thero were 150,000,.
000 of them issued, although at the
present timo the amount is limited to
8310,000,000, and they aro reissued as
fast as redeemed by the treasury, bo thnt
tho amount remains Hied at about
(310,000,000. These notes are made
piyable in coin, as aro the treasury
.notes, but as the act providing for the
resumption of specio pa men, passed
in 1875, authorized the redemption of
greenbacks in coin, and as at that time
6ilvcr had been demonetized by the act
of 1S73, and gold was tho onlv coin
recognized by the laws of tho United
States, tho resumption act lms alwajs
been interpreted as authorizing the pay
nient of United States notes in gold
coin, and for that purpose there has
been st apart, when the treasury had
that amount, at least 100,000,000 for tho
redemption of theso United States
notes. Hence, when wo talk about 100,.
000,000 gold rceorvo we refer to tho
amount that has been 6ct apart for tho
redemption of tho United States notes.
Th6 treasury notes which wo issuo for
tho payment of tho silver bullion of
J ,500,000 ounces purchased monthly
under tho Sherman act are also payable
in coin, ao that tho secretary of the
treasury, in hi discretion, can pay these
treasury notes either in gold or'silvcr;
but th6 act requires tho secretarv of tho
treasury to kwp the two metals so far
oi possible, at a parity. If tho secre-
tar of the treasury, when asked to re-
de'em the treasury notes in gold, should
- pay in silver, there would bo a discrimi.
nation in favor of gold, and the result
wtfuld prtobably bo that gold would go
to the premium, nnd'the parity between
the motals would be disturbed in viola
t!on of tho law.
The important distinction to bo kept
in mind is between the silver certitl
catca that wero issued under the Bland
act of 1878, payable only in silver dol
tare, and the treasury notes under tho
Sherman act of 1800, payablo in coin.
The silver certificates are only by
their terms redccmablo in silver dollar?,
while the treasury notes are by their
Jerma redeemable in coin -either gold
or silver. Tho uniform practico of the
government has been to redeem them in
gold when demanded. This is necessary
la urdCr to Uftop the two metals at a
parity as the" act requires.
Prior to the war, tho legal tender
monoy of tho United States consisting
of gold and silver coin. Paper money
issued by the banks was not legal)
lunucr. in wio ycare iwi anu 1802, tho
Bdvurnmont was in straits for means to
carry on tho war. Money could not bo
bonfowdd iu BuQleicut aums to meet the
expenditures. The banks of the coun
try suspended ppecio payment about
January 1st, 1SC2, atd the paper money
was accordingly depreciated in value.
In this emergency congress 'authorized
the secretary of the treasury to iesue
(150,000,000 of United States notes, not
bearing interest, and to pay them out in
settlement of debts of the United States
with tho of tho treasurer United States,
and had provided for the ifsuc of silver
certificates upon the deposit of etandsrd
silver dollars, and of gold certificates up
on the deposit of gold coin and bullion,
but neither of these three classes of pa
per were made legal tenders though gold
and silver certiflcates'aro receivable for
all public debt, and national bink notes
for all debts to tho government except
duties on imports. The only full legal
tender money in the L nits J btates is
gold coin. The silver dollar is a legal
tender at a nominal value for all debts
and duties, public nd private, except
where etherwipe expressly stipulated in
the contract, while the subsidiary coin
age of the United Btates is a legal ten
der to the amount of (10.
In order to makethrso notes accept
able to the perrons who aro obliged to
receive them from the governraont they
aro made legal tender for all debts pub
lic and privat, except duties on imports
and interest on the public debt. Thu
dato of the act authorizing them was
February 2Mb, 15C2. Subwquintly,
under authority of the act of July 11th,
1602 and March 3rd, 1SG4. additional is
sues of the United States notes were
made until the amount reached nearly
(150,000,000. There are still outstand
ing of these notes (310,051,010. Xo fur
ther issue of legal teudef paper money
was authorized until 1SCO, when congress
issued tho treasury notes which were
made legal tender for all debts, public
and private, except those otherwiEe ex
pressly stipulated by the contract.
Meanwhile, however, congress had au
thorized the organization of national
banks, with the privilege of Nsaini; notes
secured by the deposit of United States
Ikth gold and Mlver havo leen recog
nized as money in the United States
since the formation of the government
The proportion originally fixed by Alax
ander Hamilton was fifteen and one
half ounces of pihr to one ounce of gold.
Thib ratio remained in force until 1534,
when the ratio was fixed at sixteen to
one. These ratios were lixed upen the
babis of the commercial failure of gold
and silver. It has. however, beeniinos
bible to keep gold aud oilver at an exact
parity. Ab bilver is the cheaper rnctal it
lias fluctuated more than gold although
tho prico of gold has fluctuated. From
1702 to 1S31 gold was at a premium of 2
or 3 ix.-r cent and the result was that wc
were practically, during that time, upon
n silver standard and gold flowed out of
the country; while from 1831 to 157J,
when silver was demonetized, silver was
fit n premium, nnd gold wastheHtandard,
nnd the result was that the silver Honed
out of the country.
lContlnutl In our next hsue
Real Kfttnle Transfers.
Furnished byj. II. Bailey, Abstraclcr.
Eugene C. Bates and wife to
Benjamin F. Thomas qcd no
2-3-10 (1 00
Ida Harrison nnd husband to
W. E. Thome wd lot 12 block C
Bladen 1000 00
W. H. Thome and wife to Mary
A. Thorno .d lot 12 block 0
Bladen 1000 00
F. M. Woods and wife to Wes-
pel Wese!a wd s ', s w 3 3
Bobcrt Wilson Jr. to Chas. F.
Morey wdB 0)4 33-1-12 2500 00
Chas. F. Morey and wife to Eva
(1. Wilson a ci .'13-1-12.
Fredrick 1 Heed nnd wife to
Security Investment Co. wd w
Scott Artcrburn and wife to
Andrew Artcrburn wd und
Willian Arterburn to Andrew
Artorburn ct al wd und s Yx
3J-1-10 isoo 00
Andrew Arterburn nnd wifo to
Scott Arterburn wd und s e
i 35-4-10 "... 1500 00
David Johnson ttinglejto Sarah
A. Fuller qcd ns w i 17-4-
B.F. Thomaa and wifo to D,v
vid A. Smith qcd n o )i 2-3 10
John Sennas Jr. to Matilda
Schnase et al wd lot 20 block 0
Bluo Hill 4000
Total 817602 00
Those who have used Dr. King'u New
Discovery knows its value, nnd those
who have not, have now tho opportunity
to try it free. Cull on the advertised
druggist and got a trial bottle free
Send our name and nddrees to 11. E.
UuckUn k Co , Chicago, and get n earn
plo box of Dr. Kings New Life l'ills free
as T.ell as a copy of Ciuido to hulth and
Household Instructor, free. AH of
which is guaranteed to do you some good
und cost ou nothing at C. L. Cotting'a
Detroit Free Press: "This looks
like a good farming country," said a
traveler in North Dakota to a native,
"What do you raise mostly?
J ''The limit," replied the latter, briefly,
Kltniri Gizette: It is the deaf and
dumb orattr who speaks feelingly, as
Atlanta Constitution "Jones is a
groat taiktr an' never gets tired."
"Don't tcM him thai; he'll run for
Sittings: A wise editor wants to
know why people say a man "feels his
oats" when he only feels Lis rje.
Buffalo Courier: The ragpicker
seldom grumbles. He, of all men, is
content to take things as he finds them.
Galveston News: About all the
buried treasures most peoplo have are
the good resolutions they have put
Inter Ocean: ''Miss Wajback car
ries her age wenderfuily well, doesn't
She Yes, considering tho number
of 3 cars in it.
Cleveland Plain Dialer: 'That
comei,"said Undo Lije, "o' the express
company not hsvin' their money in old
Atlanta Constitution: "tve just
knocked the devil out ol the editor,"
said the excited subscriber.
"Brother!" ciicd the minister, "you
oQ feh t to take te the pulpil; the church
Galveston News: Some cautious
people look at a knotty question from
all sides and then walk off and leave
Puck: Mrs. Smythe Before we
were married you used to pretend that
oa liked to have mc sit on your lap
for an entire evening.
Smjthe Yer, and you used to pre
tend thit you preferred to sit in a
L'fe. Customer Say, mister, the
times arc so bad you have to cut don
the price of a shave to 10 cents. Bar
ber On the contrary, wc have raised
the price to a quarter. Customer
liaised the price of shaving! Whj?
Hitler Ever body has such a long
Browning, King t Co 's Monthly:
Mrs. Haaghtlelgh Why didn't you
8top,air, when you saw mc wave my
Streetcar Conductor I thought jou
were throwing mc kisses, mum.
Somcrville Journal: It's no use to
ask the man who is going to have a
tooth pulled whether In doesn't think
that this is just a perfect day.
Lowell Courier: "I feci myself be
neath yeu," as the man in the lower
berth in the sleeper remarked to his
companion on the shelf above.
If ntllicted with scalp diseases, hair
falling out, premature baldness, do not
upe grease or alcoholic preparations but
use Hall's Hair Renewer.
Card of Tliunks
We take this method of expressing
our heartfelt thanks to the neighbors
aad friends who so kindly assisted us
during the late sickness and death of
our beloved husband and father.
Their kind words of sympathy will
never be fergotten. Wc especially
thank tho dear little girls who so
kindly cheered his sick room with
fresh flowers each day. He often
spoke of them and how he appreciated
their kindness. May God bless you
one and all.
Mas. M.E. Huffman
Mr. and Mrs. Chas. Calmes.
A High I.iver.
Usually has n bad liver. He is bilioui
constipated, has indigestion nnd dcpep
sia. If there is no organic trouble a few
doses of Parks' Sure Coro will tone him
up. Parks' Saro Curo is the only liver
and kidney cure we sell on n positive
guarsniee, Price f 1.500. Sold by C. L,
Lumber cheap For Cusli.
Look nt these prices nnd compare
thorn with prices other dealers sell for.
No. 1 2x1 2x0 t.8 810.50 per 1000 ft.
No. 1 Ship lap 170 " "
No. 1 Grooved RoofiiiglB.OO " " "
No. 1 Fencing 18.00 " " "
Best Red Cedar Shingles 2.7."i " " "
Sash doors at nlmut ono half the prico
charged by bohio dcalors.
A liberal discount made on largo bills.
Wo will save you money if jou will get
our prices iMJiore uuung. Our stock is
No. 1. Tbaui:ks Lum
A Tree Oiler.
Tin: Ciusr takes pleasure in nnnoanc
ine that it will rend Tin: Chick one year
to every couple Unit geti married in Vb.
stor county from tho first of September
ly'JJ, to the llrnt of Septembrr lb'Jt, free
of chnrge, provided that they will send
in their mime to this oltlcc. It makes
no difference whether they aro rich or
poor, whito or block, or what, all that is
required is to send tho names in to this
ollloo with post ofllco nddrees and bo
married in WoVster county.
Children Cry fo;
The following is a ocm written by
Mr. Isaac Fish of Bladen.
On coin- out to ! tin fleitK
Aw J k the promUeof the hirTet )IeU,
Wc saw Kins Male arrayed In green,
Wltb tAstled crown aud silken sheen,
Walt'ng the tunthlnc aud the ralu
To bring I he ears of golden grain.
AttlirojU Elatlor grolng stroD?,
L'eurpeda spac between the corn.
And gronln; thero with aft his might,
As tliotub he owned exclusive tUlit
Oh, the villain ! II he had the deed
He couldn't grow with greater sped.
Audroccra Lobnta blew her horn
And shook the dew from the standing corn,
To dampen the grown around the fcxt
Of all her neighbors oti the street,
So they may grow and be as tall
As Zea nnd Ambrosia in the fall.
Vtrbayium I.ychlnltls standing there
With )cl!o head high in the air,
looking down with vain conctlt
At I'ortulacca Olenwea at her feet
Wondering the while how a lant Hi low
Could dare among the great to grow.
And there e left thrm great and mull
Will see them later In the fall,
And bide the time In perkct falUi
That not a seed will go to waste.
A Great Convention.
The Inter-State Irrigation Convention
at Salina, Kansas, to be one of the most
important Conventions ever held in the
West. Addrees will be made by the
rcpresentatiTes from eern states.
Every phase of the irrigation question
will be considered. A permanent organ
The Inter-State Irrigation Convention
that will meet in Salina, Kansas, Sept.
'JStb, is attracting wide attention through
out the west. Seven western Mat will
atnd delegates nnd addreses will be
made by the most practical irrigators of
the United States. Mr.T. B. Merry, of
Los Angelee, California, will address the
convention on the result of irrigation in
the west aad the Tarions methods em
ployed in f-csrint artificial water for ir
rigntion. Prof. Hay, the geologist, will
dieus the water supply on the plains
and its utility for irrigation. The dutitb
of theg.ceral gOTrnment to the irriga
tion moTtcect trill be djs:ud by rap.
resect atWes from South Dakota, 'Texas
and StlTa'Ka. fc.Tcry pnase of the qses
tion will be dtecutseO by practical and
experienced man A permanent org&z!
nation will be formed to pesh the moe
tnt ib bha!f of the mUIts of the great
"st. Wsbster county should b well
re-presented at this convention. Every
one ictercs'cd either directly or itdirect
Ijr, is inTited to attend. Every board of
trade should send a r preventative and
etery farmer's eociety shoold not fail
tosnd a'detegate to this conrentioD.
Erery citizen in the westi interested in
this movement. Let this be a moteatn:
by the maizes of the people. Special
Rates aro given over all the railroads.
For particulars addrevs i. L. ttrittow,
Sec, Salina Kansas.
Written for Mr. and Mrs. X. A. Perry
in memory of their little Nora, who
parsed away to the bright beyond Sep
tember 20th, ISXi.
Once asaln the Rates of teaven
Hae been stand Ire Just ajar,
And our darilns little Nora
l'ased beneath Its crjtal bar.
Clirlt unlocked the heavenly portals
And ne sent an an;el bright,
To come do An and bear our darliig
To that land of perfect light.
Oh! dear Nura how we mlM jou,
And our los we deeply feel,
But 'tis Cod ho lia-t bereft u,
lie can all our orrows heal,
Nora' gone to heaven before us
Tho' she turns and wares her hind,
Tolntlne to l he glories o'er us
In that fair and happy land.
So we'll trust her w 1th tb Saviour
In his lotlns k-entle care,
Aud, when our llfeli ended
We shall meet dear Nora there.
We offer one hundred dollars reward
for any case of catarrh that cannot be
cured by Hall's Catarrh Core. F.J.
Cheney i Co., Prop., Toledo, O.
We, the undersigned, hare known F.J.
Cheney for the last 15 years, and believe
him perfectly honorable in all bueiness
transactions and financially ablo to carry
oat any obligation made by their firm.
West k. Trnax, Wholesale Druggists,
Walding, Kinnan fc Marvin, Wholesale
Druggist, Toledo, Ohio.
Hall's Catarrh Curo is taken intern,
ally, acting directly upon the blood and
raucous surfaces of the Eystein. Price
75o per bottle. Sold by all druggists.
To Our Subscribers.
TiteCiitEvhasa large amount of mon
ey 6tandlng out on subscription which we
need badly at this time, some of it has
been outstanding for two or more yearn,
Now wo need it and hope our subscriber
will remit promptly. At thin time when
money is close the pnyment of a dollar or
two from those vt ho owo would boof much
advantage to tho publisher.
Respectfully, A. C. Uosmcb.
That's what Brown's wife called out to
him dou't forget to got a bottle of
Huller'B Snrsaparillr., it's bo nice. For
sale by Deyo k Grice.
ei i i
First class goods und reasonable prices
can always be found at W. V. Wright's
Those accomodating torekepers,
Sherwood k Albright the grocers, etudy
to pleas their customers. Call and see
them wbon in want of groceries
If salt cosfs ono cent n ponnd and ham
IS centd, what would a hog be orth that
had been fed on Hallor's Condition
Powders? For n!o by Deyo i. Grice.
Tho Denton or Despair
Inootnonia. nud itn twin brother Dm
pepsin, aro tho oiTsprinc of a disordered
stomach. A positive cure is found in
llegg'. Dandelion Bitters. Sold by Deo
IS A3 SAFE AND
jSL Plazs: Seed ZorULtice.
It ifl oppllod right to tho parte. It cures all dlecasca of womon. Any
lady can uso It horsolf. Sold by ALL DRUGGISTS. Llailod to any
oddrcaa on receipt of $1.
"Dr. J. A. McGill & Co., 3 and 4 Panorama Placo, Chicago, I1L
gam in m m m mmmmmmmrominig
1 Ae would call 1
Z Your attention to tho fact that wo have the 5
gp- Lamest and most complete stock of J
S In the City, 3
ST"" Also Willi Pupcr, PiiIiiIn nnd OIN, Stationery, Pocket
T Knives, Kiixmtj ami otlons oi' all kiutls,
51 Our prices are tiic lowest and wc guarantee satisfaction,
g Come and tec.
& C. L. COTTING. 2
7M Hi in Hi Hi iUiiUiiUi UiUiUauaiiii
C. M. CALMES,
lletl Cloud, Nebraska,
Wants your patronage.
He keeps Fresh Bread and Cookies, Candies,
Tobaccos, Cigars, Lunches, Sic,
A nice lino or
CulT tun! collnr button, neck
chains, luce pins, Mick ,,-
IJr-JlrniK jour watch, dock "aiid Jewelrr
Henry Cc ok's l)iff gre.
NO OTHER DISORDERS OFTHE KIDNEYS
CAM BE PERMANENTLY CURED BY USINC
DR. J. H. MCLEAN'S
LIVER AND KIDNEY
It U a wfe and unfailing remedy for all
Kidney Troubles, Liver Disorders
aud Female- Irregularities.
Price Ono Dollar Per llom
r J. II. McLean Mcdlclnn On
! bT. touts, MO "
E iiVn '.m' ,'rc,,a"tt','l' e""i eel IrVe
jl'ver ami coM f rsiiiie. hiccl U iu il c trelni i.t
tent on .hl(i to nt Ink i'l,e i)o My l o of - i"
hand n.itehts giu I lanre I uiifr !!! n..... -
IM lllHIl tlilra,J iiai lJ.t.;.i.VS '" rilU ",cl11 "
t'l'l'I.IIMHM llltft ... ..
Three doom south of I'. &. M. Bank.
Closing out Sale
I dosirc to close out tlie entire
Dry Coods, Groceries,
Boots and Shoes,
Formerly owned by S. F.
Spokesfiuld during the next
You can buy everything wo
CI1KAI', and some things at
on ii puce. Money buys, anu wo
must have the Cash before tho
goods leave the store.
Cull at SpokcMlclri'N
iiikI hce uiiat wc
etui tlo for
Also all ledger accounts due
S. F. Sriokeslielrl can be set
tled with us if paid this
A. O. BERG,
C M. Wethcrald,
R A Siitipsoi-,
Bias L-y i i l NQh.
I SOLE "ROPFliKTOIW.
l f9miPMptftw&f: WWtBM
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