Democratic Press, Volume 1, Number 9, Decatur, Adams County, 13 December 1894 — Page 6

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Dress Goods. ft We knew just what the ladies would want in Dress Goods this season, hence our success in this department. We show an extensive and elegant lineof Plain and Fancy weaves in Black and Colors and all the latest Novelties. An acknowledged fact—that we always lead in LOW PRICES on Prints, Ginghams, Muslins, Shirtings, Canton Flannels, Tickings, Table Linen, etc., is shown in the following: AlO yards Dress Pattern for 49c; best grade Pacific Prints sc; best grade Dexter Gingham sc; best grade Lancas ter Gingham sc; best grade Royal Blue Shirtings 10c; fine grade Muslins, both bleached and unbleached for 4,5, 6,7, 8, 10 and 12}c yer yard, and our prices on Flannels, Tickings, and Table Linens range in price to suit purchaser. Suits <& Overcoats. | We don't ask you to do us a favor, for we will pay you for your trouble, and pay you liberally—but we’d like to have you see if we can’t match any 815.00 Suitor Overcoat in this county for 812.50 or any 812.50 Suit or Overcoat for 810.00 if we do make $5 on every sale of clothing.

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Secretary Carlisle’s Plan. The currency plan submitted by Secretary Carlisle involves a very complete revoluti* ■ of our present currency system, and much more. Its contemplated results are as follows: 1. The retirement of all national bank currency. and the abandonment of the depos of national bonds with the government as '• - curity for bank notes of any kind. 2. The issue of circulating notes by national banks, or banks organized under state laws, under fixed conditions, to the amoui.t of 75 per cent, of their paid-up capital Thus, if a bank is organized with a paid-up capita of $1,000,000. it may issue notes to the amount of $750,000. but it mu>t deposit with the n; ional treasury greenbacks or other United States paper currency io the amount of . >.- 000 as a guarantee for the redemption of the $750,U00 of notes issued. The stockholders of national banks will be individually liable aat present to the full amount of stock owned The stockholders of state banks will be liable to the same extent, “for the redemption of its circulating notes.” In all banks the circulating notes will be a first lien on the entire assets of the bank. Atax of one-half of 1 per cent, will be imposed annually on the circulation of national banks. On all banks a tax will be imposed in proportion to circulation until a safety fund of 5 per cent, is secured on the entire circulation, and when any bank fails its notes will be at once redeemed from this fund. 3. No national bank is io Issue notes of less than $lO. , 4. No restriction is to be placed on the increase or decrease of national bank circulation. 5. No bank is required to hold any reserve for the protection of depositors. 6. The secretary of the treasury may retire United States currency to the amount of 70 per cent, of all outstanding bank currency. These are the important points of th» scheme. The bank notes propro>ed w-m apparently be safe, unless indeed hanks should fail so rapidly as toexhaust the ‘safety fuud,* and even tliei. the flrsi «-»« «»r> the e- - assets and the personal liability of stockholders make It improbable that the owner of a bank note could ever fail to havt .t redeemed. But these notes are not legal tenders, and the government is hot responsible for them extra, of course, as to the trust funds held by it for their pro. • < i ion. Does this plan furnish an expansive currency? At first thought one -ays. “Yv>—an enormously expansive one.” But on examination it will be seen that the expansion depends entirely on the secretary of the treasury. for in addition to the* 30 per cent, of circulation deposited by the banks he is entitled retire 70 per cent, in United States currency. So long as be desires to exercise tt,,s p«»w • r the issue of bank notes would not increase the total circulation at all but merely ehange it fr om United States currency to bank note s, so the amount of 70 per cent, of the tota! bank notes issued. But most important is the question, what effect would this system have on nankin-. The noteholders are safe enough, but how about the depositors? Taking such a bank a- - have used for illustration above, the depositor knows that there are oustanding $525.000 of bank notes, unsecured except by the it first lien on the asset* of the bank.and in state banks the first claim against the individual property of the stockholders. Th<

deposit "T has nothing to look to but what is left after the noteholders are satisfied. There is no reserve for his protection. Will business • ■ •• • sit ith banks of Issue? Will intelligent bankers be inclined to ‘ issue so long as deposits usually far exceed the amount they can issue? And in case of any symptoms of panic, or rumors of weaknessof a bank, will not the depositors run on a bank of issue much more quickly than on other banks? It would seem that this system would be certain to increase deposits in safety vaults and old stockings, and. therefore. a real reduction of the circulation. We venture the assertion that the most earnest • champions of this system among bankers will ‘ be the very ones who would not issue notes ' under it. It is probable that the presentation of the * currency question at this time would bring out a very full consideration of it in every aspect, and it is to be hoped that good will f Jesuit from it.—Sentinel. Teachers' Institute. ' Following is the program of the . teachers’ institute to be held at the i court house in this city, Saturday, ■ December 22: FORENOON SESSION. 9:30 A. M. Vocal Music.—Under the direction of Clark Calderwood. assisted by Kate Jackson. Ella j Fleming. D. B. Erwin. Dora L. Peterson, C. L. Walters. Laura Bunner. Opening execrises conducted by M, F. s Hower. Essay by Alice Clem on the subject: “Some Advantages and Disadvantages of Grading the < ountry Schools.”—Discussion of the subject by A. Z. Smith and Elmer Johnson. Discussion of the subject: "Does the Commissioned High School Fit the Youth for BusiL * ness Life?” Yes—A. D. Moffett D. B. Erwin. 11 C. D. Kunkle No—Ed Chronister, G. E. McKean. C. L. Walte rs. ‘ Lecture by Hon. R. F. Ibanch, of Huntington, Ind., on "Are We English.” AFTERNOON SESSION. 1:30 P. M. F Vocal Music under management of Musical Director. Essay by Maggie Beatty on the subject" ‘ "The Teachers Duty as to Giving Instruction in Civics and Patriotism.” - Discussion of the subject by Geo. Bowers and J. C. Grandstatf. ‘ Essay or paper by G. W. Hurless on the subT ject: “Education, from the Parent’s Standpoint. or the ‘unnecessary’ in the Children’s Educational Outfit.” Discussion of the subn ject by Hervey Steele and J. R. Parrish. Paper or lecture by Henry Lankenauon the subject: “Some Difficult Points in School Management, or for What Part of the Pupil's " Environment is the Teacher Responsible."— 1 Discussion of the subject by W. A. Lower and J S. Falk r You can fool some of the e people all the time, you can | fool all of the people some of the time; but you can’t fool < all of the people all of the i time with humbug insurance when they can get first class insurance just as cheap. Go to Edward Coffee and be insured in such companies as j the Prussian National, and you will make no mistake, ts

There is lots of talk from this one and that one, boasting » of what they've got and what they're doing, but heje is a flat footed assertion that you can prove to your satisfaction and profit. We know what we are talking about when we say we have the best line of Suits aud Overcoats at #»l <»<• and #B.OO ever shown in this county. Boy’s Suits. We carry the best line of Boy’s Suits ever shown in this part of Indiana. No parent, having children to dress, ean afford to miss this opportunity of saving money. You will be surprised to see the suits we are offering at 81, 81.25. #1,50, 82, 82.50, S 3, 84 and 85. Don’t forget that we are the only house in Berne that sells the celebrsted Shuter and Adler Pants, and show the largest line of fine medium and cheap pants. Carpets, Curtains You can’t help but be pleased in this department. We show the largest stock and make the lowest prices in this and adjoining counties.

HO j Til AA/ OfK u oX u££ 1 ■1 We are loaded down with Christmas Cards. Toilet Cases (plush or celluloid) Odor Cases Alb Books. Bibles. Collar and Cuff Boxes, Glove and Handkerchief Boxes. Shaving Sets Manicu Infant Sets, Autograph Albums and Purses. an cure Sets, I) AA H? » ? reat Stacks of The - ■* “ i IV ! L or the Children, as well as all 1 9 The Popular Games &U s 9 JAMI’S: Don’t fail to visit our store before you buy. We have a Fine Stock of Drugs y YAGER BROS . DRUGGISTS. Th.e Finest Line of Perfumes in th.e City. East Side Main St.

Initial Silk Handkerchiefs for 50c worth 75c, Men s uXr.hieb hr 25e M »«<X d Vnd««..r, Glov«, Hats, Cto. Boots & Shoes. We have o»w on tod. • <o»pl«“lino of lanlie. and Meo'. Footwear. Udl« Ito Shoe, for »1 M-. FtaeStoa for P 1.25 to »p. , £2' 50 and 82.75. Men’s Candee Rubber Boots for #-.50. Children's and Shoes for 75c and #l, and in fact everything sold in a first class shoe department at prices within the reach of all. Grocery Dept. We are glad to say that our Grocery Line is just as complete as o Qr other departments. Having just received a fine lot of Dried Fruits and Canned Goods, we ean safelj say that all our goods are New and Fresh. Compare these prices and listen to what they say: Granulated Sugar sc; Ridgewood Extra C 4jc; all Package Coftees 20c; 4 Crown Raisins sc; ’ Evaporated Apples 10c; Fine Canned Goods 10 and 15c per .-an, and in fact everything that is kept in a first-class store.

Trade we are Having is the Best Evidence 0," OIL’ f hli’passing i dcilities.