Crawfordsville Weekly Journal, Crawfordsville, Montgomery County, 1 July 1893 — Page 2

WEEKLY JOUENAI.

PRINTED EVERY SATURDAY MORNMG By T. H. B. McCAIN.

Entered at the Postoffcoe at Cra-wfordevllle Indiaaa, as second-class matter,

WBBKLT—

One year in advance 11.25 Six months 75 Three months 40 One month 15

DAILY—

One year in advecce 15.00 SixmoBths 2.50 Three months 1.25 Per week delivered or bv maA .10

8 A TURD AT, JUL! 1, 1893.

STAB-BEAMS.

The Star, which hitherto has been regarded as the organ of the Swallowtails, begins to show evidences of Bagged Reuben proclivities. The Review, which has been looked upon as the Ragged Reuben oracle, must watch for its laurels. The Star of this week lets fly a quiver of arrows, each arrow aimed in the direction of a distinguished Democratic Congressman. Here area few:

Office-holders must live by their record. Those who turn down a score of friends all for one pet must not blame the rocks if they fall upon them.

The nomination for county auditor is not in the control of any one man. Not a bit ox it. The man who expects to speculate on it will Ret left. He carries too much sail for his own good.

TIIE JOUUXAL has a good deal to say about "dissensions"—largely imaginary on its part—in the Democratic party locality over the distribution of offices. THE JOURNAL is in error. The dissensions are due to LACK of distribution! Do you see the point?

It is no fault of Mr. Cleveland that every Federal appointment in Montgomery county has not been made and that every Republican rascal in the Eighth District has not been bounced. Not at all, for Mr. Cleveland is most lully a Democrat. No man has been recommended for many of the postofflces, so how can the President proceed? The people's eyes are on the Congressman.

Under Harrison's Roch Robb, Warner Wilhite, Chas. Davidge, John Peterson Harry Hanley, Miss Caven and three or four others from this county were taken care of! Is it any wonder that Democrats are grieved that no Democrots are being placed before Mr. Cleveland as worthy of place? Come, Mr. Brookshire. give the boys a chance. The bridge that carries one over should have somn attention.

One Democrat is just as good as another when he votes the ticket and works for its success. There are no superior persons with superior rights in his ranks. That would be a condition not to be tolerated because to tolerate it would be a rank injustice. Swollen self-importance and selfsufficiency mark the fate of thefiogwho attempted to expand himself to the dimensions of an ox. Those who care to do so can make their own application.

"The Mecca to which they (the Democrats) started on their pilgrimage is still in the dim, blue distance. The oasis is put of sight. They are dylcg- of thirst. Hunger is gnawing their vitals.'Joumails it any wonder that there should be discontent? How would a Republican member of Congress have fared who should have ienored the people who elected him and left in office of emolument and profit men of the opposite party! Fool Democrats are mighty poor Democrats. And the biggest fool is the man who aspires to continue in office by hanging on to a pet and fawning upon Republicans. Be a Democrat or a Republican. Stand up and be counted.

EVERT successful experiment with storage batteries in the running of street cars must be viewed with interest both by the companies engaged in this kind of transporation and by the public at large, which is eager to see a satisfactory substitute for horses provided. The trolley has obvious merits and glaring defects. The coming power for propelling street cars is storage batteries.

IT seems to be the policy of the Administration to console the Democrats for their disappointment about the offices by canceling the pensions of Union veterans at the rate of fifty per day. It will be observed that the pension of no Mexican yeteran has been canceled. These mostly live io the Southern States.

THE Chicago Inter• Ocean says that the next President of the United States is in the city by the lake. He will be easily recognized. As Harrison and McKinley are both there the Inter- Ocean should be more explicit. At any rate when he is installed in the White House he will not post signs all over the lawn, "Keep off the Grass."

WALL street and Boston financiers estimate their losses in stocks during the past Bix months at $700,000,000. Well, the wheat-growers are also heavy losersThey are all in the same boat. Both the money sharks and the Populi&ts wanted "a change" and they got more than they asked for.

THE proposition that Mayor Bandel received from what is called the Hecla Manufacturing Company bears all the evidences of a fake. Crawfordsville is not a good place to work the gudgeon racket.

"OUR beggars in blue," is the way a Democratic paper at Charleston, S. C., refers to Union pensioners.

SUNDAY CLOSING.

The Cincinnati Tribune which has been a .consistent and earnest advocate of ciosing the World's Fair on Sunday, takes a common sonse and practical view of the present situation. It shows up the inconsistency of the Weetern Christian Advocate by reminding the readers of that paper that its editor, having enjoyed a visit to the World's 2?air some time ago, now counsels the readers of that paper to remain away from the show and thus rebuke the Sunday deseerators. But in the same number of the paper which gives that advice is the announcement that several distinguished ministers of the Methodist Episcopal church passed through the city this week en route to the great show. Many good man reconcile it with their consciences to read six numbers a week of e. "seven-day" paper, and ride six days in the week on the cars of a "seven-day" railroad company, and we^have no doubt that many of the sume class will patronize a "seven-day fair for six days in the week and suffer no pangs of conscience therefrom. The Tribune also calls attention to the fact that the Advocate has fallen into the commom error that the $2,500,000 appropriation by the Government was conditioned on the closing of the Exhibition on Sunday The^only condition attached to that grant was "that the Government exhibit should be closed on Sunday," and that will probably be done.

A MAD DEMOCRAT.

Frankfort News: He resides in Car. roll county, and was one of the best soldiers in one of Indiana's best cavalry battalions, and since the war hae voted the Democratic ticket from President down to road supervisor without a scratch. In one of the fierce charges in which he participated he sustained a broken leg by his horse falling on the limb after the animal had been hit by a rebel bullet. From that day to this he has meandered through life with one leg about an inch shorter than the other In 1869 he applied for and was granted a pension of $8 per month. Monday of this week he received a big envelope containing a notification that he was not entitled to a pension, and unless he fully established a claim payment would forever cease. Because of this the veteran is mad and he has a perfect right to be. He says that he will make no effort to be restored, but that Hoke Smith may take the pittance and go to hades.

EX-SENATOR EDMUNDS declares with emphasis in a recent interview that the existing dearth of credit and genera demoralization are primarily due to the success of the Chicago platform with its demand for free trade and a return to the discreditable and ruinous system of wildcat currency. He says:

Every one knows that tariff for revenue only means the largest possible introduction of foreign products and manufactures and a corresponding decrease in the demand for like products of American soils and shops. That is why business halts and shows so little recuperative power. Everybody is curtailing. Those who receive wages by the day or the week must in time feel the strain that as yet concerns chiefly the capitalists, small and large. Before business revives I look for a readjustment of wages and some pretty severe economies. Nothing but immense capital, great organization and small wages will enable the American manulacturer to put himself on a footing of equality with the foreigner.

THE New Orleans Times Democrat takes a different view from the average Democratic newspaper in regard to sugar bounties. It very sensibly says:

And should the Federal Government not interfere with the. sugar bounty system estab lished by the Congress before last, but on the other hand give the assurance that the system will be maintained for the fifteen years for which it was originally fixed, there seems to be every prospect, from the immense development of the industry which has already taken place, that every ton of sugar needed for home consumption would be produced within the sole limits of the United States by the year 1905.}

This has been the position that the Republicans have taken both in Congress and out, by their newspapers and public speakers. The McKinley law is not so objectionable after all with some Democrats.

A FEATURE of the coming Sunday at the World's Fair will be the holding of religious services in Festival Hall, which has a seating capacity of 8,000 people. The services yesterday were conducted by the Rev. Dr. W. H. Thomas, a well known clergyman of Chicago. Five thousand wore in attendance. They were attentive and appreciative, and were rewarded by an excellent Bermon and some inspiring music. The subject of the sermon was the unity of mankind and man as a helper of man.

L. G. RICE, the assistant to the inventor and builder of the great Ferris Wheel at the Columbian Exposition, is a Montgomery county boy, having been born and reared in Clark township in the vicinity of Ladoga. Whether in the arts, literature or mechanics Montgomery county has representatives at the front. She has also produced soldiers and statesmen whose fame has extended beyond the limits of the State.

THE POPE'S LETTER.

The Chicago Inter-Oeean interprets the Pope's letter to Cardinal Gibbons as a recession from the advanced opinions of the ablegate, Satolli, concerning the freedom of the Catholic laity in the matter of choosing schools for their children. We believe the

Jnt-er-Ocean

in-

"terprets it fairly. Certainly, it says, the third plenary council of Baltimore was rigid in defining it to be the duty of Catholics to keep their children out of the public schools certainly it was unfriendly to the American public school as a place of edacation for the .children of Catholics certainly it had the effect of making many conscientious Catholics feel derelict of duty while their children were in such schools. JIow it was generally understood that the ablegate's ruling left Catholic parents absolutely free in the matter of secular education. The letter modifies this understanding, for it provides that while "we" (the pope) "especially declare that Catholic schools are sedulously to be promoted, it is left to the judgment and the conscience of the ordinary [""ordinary" being the ecclesiastical phrp.se of "laity"] to decide when it is lawful and when it is unlawful to attend the public schools." This clearly implies conditions under which it is "unlawful" for Catholic children "to attend the public schools." Such a^condition, as we apprehend, most priests will assume to exist when and where a Catholic school is within easy reach of parent and child. So that the letter seems to imply guilt as attaching to a Catholic parent who, while he may see to it that his children learn the catechism and conform to the rites of the church, prefer a public to a Catholic school. This certainly is a move backward from the wide liberty which was supposed to have been confirmed bv Satolli's decision.

A WONDERFUL STROKE IN FINANCE. Secretary Carlisle announces with the blow of a trumpet and the toot of a foghorn that the July interest on 4 per cent, bonds will be paid at once, without rebate, in order to relieve the pressure. This interest, be it remembered, mostly goes into the hands of bankers, and amounts to about $7,000,000. While this favor is being extended to the banks by Secretary Carlisle, Secretary Hoke Smith announces with a louder blare and a more deafening jtoot that he is cutting down the number of pensioners at the rate of fifty a day, [and that instead of there being a deficiency in the pension appropriations, there will be a surplus of §25,000,000. The point we make is that the distribution of the $25,000,000 among the Union veterans all over the country will do more to prevent astringency than the distribution of $7,000,000 among the bankers. In the one case it goes to a class of men who keep it in circulation, and affords a healthy and equable stimuli's to trade and business throughout the country. The butcher, the baker, the groceryman and dry goods merchant all feel the impulse of pension pay day. Nearly every village and hamlet feels in its local trade the quickening and beneficial influence of the distribution of pension money. The money, we have shown, goes mostly to poor people, who promptly pay it out for the necessaries of life, and thus gives a stimulus to business that is felt in every artery of trade. In the other case it only goes to swell the banks' resourcee, which is well enough, but not the panacea for stringent times. The policy only goes to show that the Administration has a warmer feeling for the coupon clipper than it has for the poor devil who risked his life on the battle-field and who perchance is receiving the pittance of a pension at the rate of $4 a month. Such a wonderful financial policy should be patented.

THERE IB a law of Congress which prohibits the mutilation or defacement of United States coin or notes. The penalty for the latter offence is $100 for eaoh note or coin defaced in any way. The stamping of a name upon a coin, the printing or writing anything upon a note, or the pasting of a "sticker" upon a coin, are all offenses punishable under the law. Just now, the "stickers" are giving the government officials much annoyance. The "stickers" are circular bits of paper, gummed like a postage stamp on the back, and with an advertisement on the face. They are made just large enough to fit inside the milled rim of the standard silver dollar. The way to stop the nuisance is to refuse to take a dollar so defaced.

Prevention Better iThan Cure. Many persons are afflicted with skin eruptions, boils or ulcers, Brandreth's Pills taken freely will in a short time effect a complete cure of all such troubles. Ulcers of long standing have been cured by them. Carbuncles have been checked in their incipiency by them. The worst fever sores, bed sores, and the like have been driven from the skin by them. Only begin in time and a few of Brandreth's. Pills will prevent many a sickness.

Brandreth's Pills are purely vegetable, absolutely harmless, and safe to take at any time.

AN ENORMOUS SHRINKAGE OF VALUES, The New York Press of last Saturday gives a detailed statement of the shrinkage of values of the various kinds of stocks and bonds on the New York Stock Exchange sinoe the date of Cleveland's election. It occupies nearly three columns and gives the price at which each was held on the 8th of November together with the price on June 23. The showing is fearful. The decline in the actual market value of the securities whose name, amount of issue are given in detail, reaches the stupendous total of $517,059,157.

As there are nearly one-half as many more inactive but regularly listed stocks whose .quotations are not readily obtainable on any given day, it is apparent that the shrinkage, affecting, as it has, the entire list, "gilt edge" stocks suffering with the rest, must be nearly $800,000,000. Another proof of this is that the capital stock and bonds of the companies quoted aggregate less than $5,000,000,000, while the whole amount of securities on the regular list of the Exchange is over $7,000,000,000.

The Press estimate of losses necessarily omits the vast sum of State, city and countv bonds whose prices are not readily obtained and the still greater amount of stock of limited corporations, manufacturing companies and private firms. As the shrinkage in value in many of these is approximately as large as in listed stocks and bonds, it will be seen that the decline in real values of American personal property since the late election is probably in excess of $1,500,000,000.

One Billion and a Half! Such a loss can hardly be conceived by the individual because the figure is so far beyond any possible personal experience or

The conditions continued favorable through the winter, spring and Bummer of 1892. The price of silver having fallen nearly 25 per cent, it was deemed wise by the majority of Republicans to repeal the Silver Purchase act, by which 4,500,000 ounces were being bought by the government monthly. But the Congress with 145 Democratic majority in the House was overwhelmingly for "free silver," and refused to repeal the act

unleBB

an absolute Free Silver Coinage

law was substituted. Stocks and values were steadily maintained, however, until the election of Mr. Cleveland and a Democratic Congress. Although the Sherman law had been nearly two years in full operation there were no serious financial trouble of any kind, no lack of confidence and fewer failures than for some years.

1

Soon after the election the diastrous change came. The people saw imports daily increasing and gold slipping away by the millions to pay for them. They Baw exports decreasing and the balance of foreign trade turning against this country. Every money lender in the land and every possessor of money realized that a shrinking gold reserve and a hesitating Administra tion were the sole bulwark of safety againBt a Congress overwhelmingly Democratic and strongly in favor of debased currency and free silver. The Administration allowed the gold reserve to be depleted for the first time since that reserve was established by John Sherman as a guarantee of specie payments, *:•*!.

Then the "panic" began. And of the $800,000,000 shrinkage in actual values since the last election nearly three fourths, or half a billion dollars, has occurred since President Cleveland's inauguration 111 days ago.

"WEDDING invitations, printed or en graved, THE JOURNAL CO., PBINTEKS.

yv:

Bin-

gle commercial transaction. It exceeds the entire sum of actual money in the United States—gold, silver and paper, national bank notes and treasury notes!

In this fact lies the secret of the colossal losses, the financial stringency and the daily long list of commercial and banking failures. It is want of confidence. About 93 per cent, of all the business of the country is transacted on credit and about 7 per cent, only on the basis of cash. When credit is impaired, when confidence is lacking, more than nine-tenths of all the business in hand is affected. That is the situation to-day. Financial authorities differ as to the responsibility, but all of them agree as to the cause. It is want of confidence. When did this lack of confidence first manifest itself? What is known as the Sherman Silver Purchase Act was signed July 14,1890. All stock valnes in the country slightly rose afterward and ther& was no reaction until the Baring failure and the English and South American panics which followed affected this country in the following December. The effect of the financial 9 abroad passed away in the next eight months, and in the fall of 1891, with the Sherman law in full operation, values advanced to the highest level in six years. Good times generally prevailed.

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To Montreal, Quebec, July 4th to 8th, inclusive, to return including September 15, 1893, one fare the round trip, account Y. P. S. O. E. meeting.

Holiday tickets Bold July 3d and 4th, at one fare for the round tiip, within 200 miles, good to return including July 5th, 1893.

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A. S. CLEMENTS,

Crawfordsville, Ind., agent

Home Insurance Co,

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Cash Capital, $3,000,000! Cash Assets, $6,000,000!

Insures Farm Property against Fire and Lightning, cyclones or wind storms, on cash, single note or instalment plan. Most liberal blanketed policy issued. Farm property a specialty address as above and I will call and see you.

Office—204 East Main street, with Kruuse & Crist, Florists.

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REAL ESTATE & LOAN AGENT

Farm and City Propertyfor Sale, Mone to Loan at Lowest Rate of Interest, 122 North Washington Street.

$100,000 TO L0aN»

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Cumberland & Miller

118 West Main St,

ABSTRACTS OF TITLE Hster,

aving secured the services of Wm. Web late of the Arm of Johnson & Webster, abstractors of title, I am prepared to furnish on short notice, full and complete abstracts of title to all lands in Montgomery county, Indiana, at reasonable prices. Deeds and mortgages carefully executed. Call at the Rocorder's office. octSyl THOS. T. MUNHALL. Recorder.

MONEY to LOAN.

At 43.4 and 6 per cent for 5 vears on Improved Farms in Indiana. \Ve gra»t you the privilege of paying this money back to us in dribs of $100, or more, at any interest payment. .Write tooi call on

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Office 103^ Main street.

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Abstracts of Title and Deeds a Mortgages Carefully Prepared.

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Loan and Insurance agent, abstractor an Conveyancer.

122 East Main St.. Crawfordsville

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Money to Loan at 6 per ce^t lnteres

Farms and City Property For Sal

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