SEPTEMBER 13, 1906
The Nebraska Independent
15
. -
0yp Unriv
nriium
led-Fpe
Offep
42-PIECE I
sonogram
DINNER
SEI J
UST NOTICE the beauti-
ful decorations and! the
exquisitely traced design. ;The
ware is semi-vitreou8,iemi-por-celain
decalcomania, and;, the
glaze is put on so perfect , and
the decorations are burned on
-underneath so carefully, Jthat
we guarantee this ware never
to craze, should last a lifetime j
It makes na difference what
initial your's may be; and" we
use only the most beautiful
style of lettering. An oppor
tunity to' secure a beautiful
Monogram Dinner Set made o
order with your initial on each
diih, at half the usual price
does not come very often,; and
may never come again. Qtir
contract with the factory -calls
for a limited number of sets at
a special , introductory price,
which enables us to make the
unparalled offer we do. The
price to the press, for thejpur
pose of advertising the wares,
is lower than factory price to
jobbers. . '
Monogram Dinner Sets are all the rage. J Never so Popular as nbwl Order a set at once.
ThelDhdepe
$4
I
u
Each Dish Decorated
With Your Initial.
THIS piNNEH MSET WILL EE, SENT FREE to any one send
ing us $10.00 to pay for ten yearly subscriptions to
THE INDEPENDENT
Wild Roso Designs in
Colors and Edges
Traced in Gold.
1
. . , , ..
ones in the place of them. That is
about all that can be done to.relievd
A CURRENCY FAMINE
One, Two and Five Dollar Bills Have
-
ItBecome Very 'Scarce The ,
, , ' Supply is Inadequate
- A famine "of small currency has
sirucK me unuea oiaies ana h is no
longer possible for the United States
treasury to supply the demands of
business for any of the denominations
below $10," "says a" dispatch " from
wasmngton. -
r The monetary condition -is without a
precedent in the history of the re
- nuhlirv It. has been foreseen and
made the subject of various warnings
by officers of the mints and treasury,
but congress did nothing. ,
For some, time the treasury depart
ment has been refusing requests from
banks for $1, $2 and $5 silver certifi
cates in exchange for gold certificates
of larger denominations. Within the
past week a Chicago banker sent three
gold certificates for $10,000 each, with
request that he be sent fives, twos
and ones. He was told that the treas
ury could not furnish them. "
This does not mean that money is
scarce. It means simply that there
is not enough money of the small de
nominations to carry on the enormous
trade which prosperity has brought.
It means that our money system does
not expand to meet the needs of flush
times. y
The 'renewed "purchases of silver
bullion, the announced determination
to do which, came as a surprise a few
days ago, do not help the -situation
materially.
This bullion can be used only for
coining half and quarter dollars and
dimes. It cannot be coined into dol
lars, as this was forbidden in the law
passed in 1893 repealing the purchas
ing clause of the Sherman act.
The law permitted the secretary to
coin into silver dollars the bullion
purchased between 1890 and 1893, and
t the government has been working on
that bullion until a year ago, when,
the end of it . being clearly in sight,
and the coinage of dollars was stopped
and the rest was devoted to halves,
quarters and dimes.
Now it is all gone, together with the
silver from battered coins turned in.
There remains "in " the treasury a
small margin of about 6,000,000 "free
dollars" (that is, silver dollars against
which there are no silver certificates
outstanding) ; and this and it is only
a drop in the bucket is all'there is
to supply future demands for $1, $2
and $5 bills.
- How about all those silver dollars
piled up' in the basement of the treas
ury department?
This question naturally occurs to
the tourist who has visited Washing
ton and had these dollars - pointed
out as an object of interest. How
can there be any scarcity of dollars
when all these are lying idle?
The answer is that all these dollars the scarcity.
are theoretically In circulation al
ready.' There are 483,000,000 of those
dollars," and "for every one there is
a silver certificate in somebody's
pocketbook.
Anybody who will take the trouble
to read what it says on his dollar, his
two or five dollar bills (unless they
are-hanks - notes), will find that it
reads: ,
"This certifies that there have
been deposited In-the treasury of the
United States of America one (or two
or five silver dollars, payable to the
bearer on demand."
The law requires that the silver
dollars stay in the treasury ready toi
redeem that promise. So all that vast
bulk of 483,000,000 silver dollars is'
"mortgaged" and cannot be issued. - j
. There is plenty of gold in the
treasury, but that does not help the!
scarcity of small bills. Gold certif
icates, are not issued: for -.anything
smaller than $20. . . . ... .
If the law would permit the "issue
of $5 gold certificates, the stringency
might be relieved, for then' the $5 sil
ver certificates could be broken, up
into $1 and $2 certificates Secretary
Shaw-tried to get congress to author-'
ize $5 gold certificates, but in vain.
If worse comes to worst it is the
plan of Secretary Shaw to call in as
many of the $5 silver certificates as
he can get and to issue twos and
She Knew It All the Time
"Know anything new?"
"Only that I am going to marry that,
little Widow Shy." :
"That knowledge may be new to
you, but I'll bet it isn't to her." Hous-'
ton Post. . ' 4
A Rapid Conclusion
"" Softleigh Good evening, Mrs. Mo-
ran. I came to see if your daughter,'
Miss Mabel would go for a walk with,
me. '
Miss Mabel How do you do, Mr,
Softleigh? I shall. be delighted. Mam,
ma, do I look fit to go to a restaurant?
Life.
Misunderstood
"Can I interest you in burnt wo"d?":
asked the agent of the pyrographj
comnany. .
"Dear me, no;" replied the young
wife as sh estarted to close the door,
"We don't burn wood here; we burst
gas." Chicago News.
Worse Yet
"It is a bad thing for a young girl
to be pretty and know it."
"It is worse for an old girl to be
ugly and not know it. Houston Post,