Crawfordsville Weekly Journal, Crawfordsville, Montgomery County, 31 July 1896 — Page 6

WEEKLY JOURNAL.

ESTABLISHED IN 1845.

FRIDAY, JULY 31, 1895.

To Farmers.

Get the best square meal in town at Music Ua]l restaurant for 20 cents. Lunch 15 cents. JOHN HALE. 5

A Quick Adjustment.

The insurance on Pleasant Butler's 'barn, which burned on July 14, has been satisfactorily adjusted. It was insured in THE HOME, A. S. Clements, 'agent.

Another Meet at Ladoga.

As rain rendered their meet of two "weeks ago a failure, the wheelmen of Ladoga have issued invitations to the bicyclers of the State for a meet_next Sunday, Aug. 2. A*prize~will be given the club showing the largest representation present and a big crowd is expected.

Senator Burrows May Speak Here.

There is a probability that Senator Julius C. Burrows, of Michigan, will speak here some time during August. It is very hard to get speakers during the hot weather, but the committee is in communication with the Michigan Senator and have strong hopes of his -coming.

Distressing Heath.

Carlton Routh, the 3-year-old son of T. O. Routh, formerly a grocer at New Ross, was drowned Tuesday morning in a vault at the home of his parents, in Stevens Place, Indianapolis. The remains were brought to New Ross Monday evening, the funeral occurring •there Tuesday.

S^rof. Frank Elston iu Texas.

Vernon (Texas) Globe: Prof. Frank Elston has been elected to the principalship of the schools of Floydada, in Floyd county. The people of our sis* ter city have made a wise selection. Prof. Elston is a gentleman of high character, a zealous and able educator, and will give the people of Floydada •good service.

A Quick Adjustment.

-To

Whom

it May

Concern:

CRAWFOHDSYII.I E, Ind., July 28, '90.— This is to certify that the insurance on my barn and contents that burned on the 14th day of July, insured in the Home Insurance Co. of New York with A. S. Clements, has been satisfactorily adjusted in full and I cheerfully recommend Mr. Clements and his comipany to the insuring public.

PLEASANT BUTI.EI:.

'Old Settlers' Meeting.

The fourteenth annual meeting of the old settlers of Boone, Clinton and Montgomery counties will be held Aug. 11th, at Sugar Plain, near Thorntown. Addresses will be made by Jas. A. Mount and M. D. White, and Gen. "Wallace, Will Cumback and C. B. Landis are expected to be present and speak. Plenty of instrumental and vocal music is provided for and nothing that can contribute to the pleasure and success of the occasion will be omitted.

Barn Burned.

The barn of J. A. Carpenter, three miles northeast of the city, was struck by lightning ato'clock Monday night from which it ignited and burned to the ground. He had just hauled in his crop of oats Monday amounting to 100 dozens. This, however, was 3ll he had in the barn. The building and contents were valued at about S600, on which he had an insuranee of "5300.

Sunday School Celebration.

Potato Creek Sunday school will iold its annual celebration Saturday, Aug. 15th, 1800, in the grove at Potato Creek church. Good speakers will be present and there will be good music, both instrumental and vocal. All Sunday schools and Sunday school workers are cordially invited to come and take a part and assist in making the •day eD joy able. Come and fast not.

R. C. HAKI'EK, Supt.

A Growing Uusineefi,

The rising young firm of Willis & 'McQuown is fast leading to much prominence in the photographing business. In fact they are doing a phenomenal business for dull times and have this week been adding new back grounds and accessories to their well equipped and late style gallery. Notwithstanding an already large outlay for improvements this firm is yet making elegant cabinets for $1.50 per -dozen. wl

•-"••"The I'oultry Show.

J. N. Zook, the poultry shipper, will conduct the market department of the Western Indiana Poultry Association show here Dec. 14 to 18. There will be •exhibits of market poultry, dressed -and undressed, eggs, and game of all kinds. The methods of killing, plucking and packing poultry for market "will be shown and also the different methods of shipping eggs as well as -grading both poultry and eggs. The farmers of Montgomery county are 'all invited to call on Mr. Zook or Mr,

Fry, Secretary of the Association, for information regarding entries and .prizes in this department. Mr. Zook will be glad to show anyfcne just how •to prepare poultry for the exhibit,

This exhibition promises to be one of the largest shows in Indiana and 'the many practical features of the •show will render it especially valuable MIS aiifcobject lesson to the farmers.

THE STORM.

(Continued from Third Page.)

while the train was on it seems Providential.

a

The-family of Grant Weaver, custodian at the fair ground, had an exciting experience and an escape which they will long remember. Mr. Weaver is attending the encampment at Indianapolis, and as the water began to rise about the house his two little sons went out to 6ave the poultry, when lightning struck a tree near by knocking both the boys and Mrs. Weaver, who was in the house, down. One of the children was rendered unconscious, and lay almost covered by water, Mrs. Weaver rushing out just in time to save him from drowning. While the child was being cared for the water rose to the windows of the house. An alarm was given and men waded in and carried- the family to a place of safety. Their escape was a very narrow one.

The high waters of Sugar Creek attracted many sight seers, the water lacking but a few inches of being up to the mark made by the flood in August, 187! At Sperry's bridge the water rushed past two feet below the timbers. The low lands in the neighborhood were flooded and water flowed over the pike at the south end of the bridge. The foundation of the mill was completely submerged and water fills the entire basement. Thus far Martin & Son Crabbs & Reynolds are each damaged to the exten of about 81,000.

CAUSE OF THE SUICIDE

uiiumy Byers Brooded Over a Mistake llontiBtly Made, and TOOK His Own Life iu Consequence.

Further particulars in regard to the suicide of Jas. E. Byers at Moran, Sunday night, show that the young man was led up to his rash act through brooding over a temporary trouble. It seems that in billing a car of wheat he had made a mistake and the car had been lost, and the company had threatened to hold him liable for its value, S450. The mistake is one not infrequently made in railroad business, though much guarded against. In conversation with the young lady upon whom he had called the evening before his death, he had mentioned his mistake and the attitude of the company in regard to it, saying, in an apparently joking vein, that he believed he would commit suicidt. The girl attached little significance to his remark, though upon his departure from the house she tried to persuade him to leave his revolver with her. This he refused to do. He left the house, and a few seconds later a shot rang out, and upon investigation, within a block from the home of his sweetheart, the body of young Byers was found with a bullet hole in the center of the forehead.

The death is a peculiarly sad one and a general and sincere sympathy is extended to the heart-broken parents. The funeral occurred at Waynetown Wednesday morning at 11 o'clock.

FIRE AT HILLSBORO.

liusiuees Block With Four Business lioome and Fraternity Hall Consumed—Total Loss.

A destructive fire occurred at Hillsboro on Tuesday in which considerable loss was entailed, while one of the old landmarks of the place was destroyed. At about 2 o'clock a. m. tire was discovered in the old frame structure on the north side of Main street, east of the brick hotel block, and so rapid was the progress of the flames that noting could be done with the meagre apparatus at hand, but confine the fire to as small space as possible. For a time the whole place was endangered but heroic efforts held the flames in the structure described. In this were located Tinsley it Williams' hardware store, Walker's restaurant, Sumner's drug store, a millinery store, a harness store and the Odd Fellows' hall. The building was a complete loss and very little of the stocks was saved. The loss is estimated at from S7,000 to S10,000, with no insurance.

The origin of the fire is unknown, opinions being divided between lightning and incendiarism, the former, however, being the more probable.

A Libel belt.

Alamo gossip has it that a libel suit for $10,000 will be brought by J. P. Wirt against S. S. Heath for certain misrepresentations of the former's character. Both men are prominent in business and social circles and should the suit be pushed it will be sensational in the extreme.

Mr. Mount Drove Through.

Hon. James A. Mount drove in from his farm Wednesday expecting to take the Monon train for Roachdale where he was expected to speak at 2 o'clock. The train did not go so Mr, Mount went overland. He will be gone until Saturday speaking at dif ferent points.

Ad Hanna for Lieutenant Governor.

A. p. Hanna, the Populist leader of this county was nominated for Lieu tenant Governor by the "middle of the road" Populists at Indianapolis Tuesday,

THE MONEY QUESTION.

A Wage-Earner In the Baptist Examiner Gives His Views.

It will be the object of these brief papers, printed from week to week, to the best of the writer's ability, and as simply as possible, the following questions: 1. What is'money and what its use? 2. Can two "standards of value be maintained? 3. Which is the better, as a standard of value, gold or silver? 4. What would the free coinage of silver, as now proposed, and under present conditions mean to you and me? 5. What is an "honest dollar," and why ought everyone to want it, for himself and everybody else?

These five questions, I think, cover the essential points of the great controversy now waging over the "money question," so far as it relates to the "standard of value."

Incidental points may, and very likely will, arise in the course of the discussion but I shall try to keep as closely as possible to those above enumerated.

And just here let me 6ay, to avoid misapprehension, that I am neither a "gold bug" nor a "bloated bondholder." I am simply one of the millions of wage-earners of this great Republic who get their living by hard brain or hand work, and want their wages to be paid in the best money that can be had.

In other words, I don't want to do a dollar's worth of work, and receive 50 cents' worth of pay for it. Do you?

And I want to pay what I owe in just as good money as I get. That is the way I read the "Golden Rule."

WHAT IS MOSEY? I

Perhaps the best way to get at the answer to this question is to glance at the history of money.

The first mention of a transaction in which money played a part occurs in Gen. 20: 10, where it is said that Abimelech gave Sarah 1,000 pieces of silver. The next is in Gen. 23: 14-10. Abraham sought to buy the cave of Machpelah in which to bury- Sarah. Ephron the Hitti'te, wanted to give it to him, saying, "Land worth four hundred shekels of silver—what is that between thee and me?" But Abraham insisted on paying the price, and 'weighed to Ephron the silver four hundred skekels of silver, current with the merchant."

Already, then, a unit of value had been fixed upon for convenience in trade—the shekel. Land and other property were priced in .shekels just as we price them in dollars.

But note that the shekel was not a coin it was a weight. The silver was very likely in the form of bars or 'wedges," like the gold mentioned in Josh. 7: 21, and was weighed when paid out in trade.

From that day to this iveljht. has been one of the essential features in metallic money. In fact there are only two essential features, weight and fineness.

For what is a coin? It is apiece of metal, stamped with the "image and superscription" of the authority issuing it.

But what does the stamp signify? In all modern civilized States it means that the coin has a certain fineness— ic., that it contains sc much pure metal—and that it weighs so much.

All the talk about "16 to 1" means simply that sixteen ounces weight of silver are held to be equal in value to one ounce of gold—just as we might say, three bushels of oats are Equal to one bushel of wheat. It is well to keep this point in tnind.

The question then, narrows down to this: At first men traded by barter If A wanted B's cow, he offered A ten sheep for her, and they "dickered'" uutil they came to an agreement. But this was found inconvenient, and so a commercial commodity containing much value in little space (silver, at first, apparently) was seltcted to represent all values. The metal still continued to be used as a commodity, and was used in the arts (Gen. 24: 22, 53) as it is to this day. But in its new use, "current with the merchant," it was money.

There are various definitions given of money, but I think it sufficiently accurate to say that money is, primarily, a piece of metal of a kind (or kinds) agreed upon byjjeneral consent, having a given purity, and weight, which is accepted in commercial transactions as a medium of exchange.

The function of government, in connection with money, is first to determine what the unit of the -currency shall be, and then see to it that the purity and weight of the coins, as fixed by law, are maintained. And since private individuals could not be trusted with this important function, it reserves the right of coinage to itself.

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Our Government, for example, takes a piece of gold, refines and alloys it till it is 900 parts pure gold, 90 parts copper and 10 partB silver, and cuts a disk from it weighing 258 grains Then it stamps or mints it, and you have an eagle or ten-dollar piece.

Now note., the Government does not make the piece of gold worth ten dol­

lars by stamping it. It was worth that before, and it would be worth it still if you were to melt it up and run it into a bar.

In other words, the Government stamp on a ten-dollar gold coin simply means that the Government guarantees that the piece contains 258 grains of "standard," or 232.2 grains of pure gold.

It is stamped "ten dollars" merely for convenience,because the "dollar"— an abstract term—is our unit of account.

Fractional coins—such as half-dollars and dimes—are purposely made light in weight so that they shall not be melted up for use in the arts.

PAPER MONEY.

Before taking leavei of the question "What is money?" let us glance briefly at that form of it commonly called "paper money." *t

This is of two kinds—Government notes and bank notes. 1. Government notes. The true designation is "note," for that is precisely wh.at it is—a demand note issued by the Government for value received.

Here, for example, is a S5 "Treasury note," which reads: '"the United States will pay to bearer five dollars in coin." Since the resumption of specie payments in 1379, the United States Treasury will pay 85 in gold for it on presentation. To refuse payment would be practical repudiation.

Paper money, therefore, is only the representative of real money, not money itself. For this reason the Government or bank issuing it is bound to maintain a sufficient reserve of coin to redeem these paper "promises to pay," whenever the demand is made.

There is grave doubt on the part of some of our ablest statesmen and financiers as to the constitutional right of the Government to issue these notes, at least in time of peace, even when it maintains a sufficient fund of coin for their redemption. The Supreme Court, unfortunately, has decided the question both ways, so that, legally, we are all at sea about it. The expediency of such issues by the Government is even more seriously questioned, for reasons which I have not space now to discuss

So long as the Government pays its paper promises in gold coin, they are as good as gold, and much more convenient. But the instant it refused to redeem them, they would begin to depreciate in value, and gold would command a premium in paper, as was the case before the resumption of specie payments.

Notes issued by the Government without any provision for repemption are called "fiat money," because they are not "promises to pay," but. practically, a forced loan. In this case, the Government compels its own creditors to take them in payment for services or material, and by making them a legal tender for an unlimited amount compels every other creditor to take them too. So locg as the people hoped that the Government would ultimately redeem them, such inconvertible notes would have a certiain1 value. But should there be no such hope they would soon become absolutely worthless, as,was the case with the "Continental money" of Revolutionary times, or the notes issued by the Southern Confederacy. 2. Bank notes. These are also promises to pay," and, if properly secured—as by a sufficient amount of coin or Government bonds—are a better form of paper currency than Government notes, because such a currency is "elastic" or flexible— I. s., it expands or contracts according to the demand of business—while the Government currency must necessarilv be inflexible, and so incapable of adjusting itself to the ever-changinp conditions of business.

A Democrat's View of Mount.

Thomas Lynch, the well known dairyman and equally well known as a Democrat, is nevertheless an ardent admirer of Hon. James A. Mount, the next Governor of Indiana. The attacks on Mr. Mount by Dave McAlister make Mr. Lynch righteously indignant and he stepped into the JOUBNAI. office Tuesday to give vent to some of bis indignation. Said Mr. Lynch: "There isn't a better farmer in the county than Jim Mount and not abetter farm than his. I worked for him over twenty years ago when he didn't own a foot of land and when Dave McAlister owned 80 acres. To-day Mount has over 500 acres and the buildings on his farm are worth more than all of McAlister's possessions. More than that I'll say that Jim Mount

haB

That we will sell you

The

given

more to the church and benevolence than McAlister is worth. Whenever there is a road to be built in Franklin township or any other public enterprise to be forwarded the people depend on Jim Mount to push it to sue' cess. He has made what he has from the farm and not by stingy methods of saving but by liberal methods. He always does and always paid higher wages for labor than anybody else around there. When I worked for him over twenty yearB ago and when he was poor it was the same way When I quit working for him he owed me several hundred dollars. When he paid me it was with interest at ten per cent, a thing I never asked for and never expected."

FOB artistic wont see TUB JOUUNAX, Co.. PHURRKBI

We Want You to Know

Carpets, Rugs

and

Straw Mattings

Cheaper than] any_jiouse in the city. Try us on the next you buy.

Be sure and buy one of ourJLarge Willow Rockers for $1.90, and a"3^ foot'Red Settee for $1.25.

thing for porch or lawn.

Would like to call your special attention to the "New Process Blue Flame Oil Stove" which has taken the place of the gasoline stove. Absolutely safe—no smoke—no odor—very simple. Will show you the stove in operation by giving us a call.

Do you intend painting your house this summer? If so, investigate Sherwin & Williams' Paints and Oils. They are guaranteed to be the best.

kindly solicit your trade for anything in Furniture, Carpets, Rugs, Window Shades, Hardware, Stoves, Tinware, Dishes, Mantels and Grates, Furnaces and Bicycles. We will sell you goods cheaper than any house in the city. Come and be convinced of this fact. Resp. Yours,

Zack Mahorney &! Son.

GRAND

Shoe Store

•••:•.' /:V

Has just received a new and big stock of

Just the

L^ate Style Footwear^^-

Big bargains can be had in Low Cuts and they're just the thing for hot weather. Our latest feature is a handsome imitation cut glass tumbler free with every pair of shoes. Let us see you early.'

The

DOVETAIL BUGGIES

ARE THE BEST,

"Built on Honor."

214 East Main Street. Crowfordsville, Ind.

A Big Show Coming

•fc 1

Always attracts attention. Different with business during dull seasons. For that reason we are offering

Breaking Plows, Wheat Drills, Star Wind Mills, Tanks, And All Kinds of Pumps

Cheaper Than,Ever Before.

If you intend buying any of these articles this year you will regret not seeing our line,,which we consider perfect.

HOULEHAN iS QUILLIN.

tfi

•*'••.••

Grand

A

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