Democratic Sentinel, Volume 1, Number 49, Rensselaer, Jasper County, 18 January 1878 — Getting Down to Hard Pan. [ARTICLE]

Getting Down to Hard Pan.

Tim Rf'xiti/ijilton and Demonetization oj Silver rian of 3<thn Sherman. The Rollingfonl Savings Bank al ! Salmon Falls, .Y H. failed Jailuiiry 3rh Liabilities $150,000. J, M. Watson, a druggist of Danville. HI., made an assignment on the 4th inst. Liabilities unknown, Chisen A' Boyce, in the sugar trade in Now Orleans, have suspended.— Cause, failure of sugar crop. W. Whiten, a farmer of Liberty, Ind. •“hard panned” in the amount of SB,000 on the 4lh of this month. Benjamin Ho[ kins and Jas. Waugh filed petitions in bankruptcy utSpripgfield, Hi., Junuasy 4th. A bank at Pottsville, Pa., failed on 1 the 7tl: inst., a: d the “National Credit” protector is correspondingly happy. On tin- 4th inst. Henry Dohle. a boot, and shoe dealer in Omaha, Nebraska, struck “ luird pan” to the tune of sl4, 000. On the 7th insr L. Parson & Co., of South Bend, Ind., invested $4,000 of their creditors' money in “National' honor.” Renner & Co., candy manufacturers of (’iucin uaii, left, their creditors to hold a bug of “National Honor,” amounting to $3,000. on the 4th inst. Jacob Benninger, a Cincinnati pork packer, week before last “preserved the National credit” at the expense of his creditors to the amount of SIOO,OOJ. i G. C. & George Van-Camp, fruit dealers, of Indianapolis, on the 7th inst. invested $20,00 > iu ‘ National Preserves” at a corresponding loss to iheir creditors, David Gibson, a Cincinnati dealer in whisky, on the 4:h of this month asks his creditors fur an extension of time on Ins promises to “resume.” j Liabilities $50,000. On January 2d the well-known arid extemriw banking house of Jacob Bun & Co., of Springfield,' 11l , tailed and made an assignment, They have liabilitie.-. amounting to $300,000. A clothing met 'hunt named Epstein, of Auvoriu Ind., also yielded up his business and asiets on the 4th iuM. to John Sherman’s theory of "preserving the national credit.” Liabilities, $3,0/0, Tile large and extensive clothing house of Clement. Martin & Co., of Chicago, failed on the 4th. Liabilities $350,001), which is also contributed to the fund for the “protection of the National lion >r.”

On ilie 4th of January the Pittsburgh Savings Bank, of Pittsburgh, Penn., informed its depositors of its inability to “resume” any kind of payments without an extension of time which was net granted. Liabilities, $75 000. The closing of the .State Bank in Indianapolis, on the 4th of this month caused a run on the ludiauasolis Savings Bank The managers promptly put the “time rate” into force, which means to take time to borrow money of other bunks until the scare is over. Abraham Sandusky, of Vermillion j county, 111., tiled a petition on the 4th l of January, requesting that he be i “demonetized,” and that the banking house of John C. Short & Co., of ! Danville, HI., and the railroad eon- ; striiction firm of H. Sanford & Co., in • both of which he is a partner, be also ! declared baukrupt. E. Kinney & Co., bankers, of Cin | eiunati, who “demonetized” several i days since, secured the consent of j their creditors to allow them to “resume,” by giving their individual notes at sixty cents on the dollar.— ! Tlie remainder of the creditors will be obliged to accept the same terms or nothing, which probably means the same thing. Hikox & Spear, bankers, of San i Francisco, “demonetized on the 7th. j Liabilities, $355,400. This failure i brings misery and destitution to thou- ; sands of homes, but notwithstanding ! all this according to tire silver demon* if etization aud forced resumption thej ory of John Sliemnan,- Ex-Governor ( Hayes’ Secretary of the Treasury, it j\*uist be done, und is necessary, in I I mt nothing short of this wiil satisfy National honor or protect National i credit.

Tho Rochester Independent, a new enterprise, published by Mattingly & Kilt, is engaged in the very disreputable and altogether foolish business of biddlrg for tfie public printing at figures Unit /}<> honest man or firm can afford to do it for. The pretense

that they have the public good at heart, is unadulterated bosh. If there were no printing office but this in Rochester, they would not only claim full fees, but would be down #t the next meeting of the Legislature lobbying for an increase of the rates. Journalistic printers of this oharncter should be promptly set down on by the profession everywhere.—Legansport Pharos. A. Leopold respectfully requests those having accounts at his establishment to tall and settle, and thus enable him to square his books with the new year.

Rheumatism. Neuralgia or Seiatiba need no longer be regarded a* incurable. The introduction of “Lawson’s Curative”, which is one of the perfections of Medical Science, is now regularly prescribed for these as well as for all nervous complaints. Diptheria. Sore Throat, Nervous or sink Headache, are promptly cured by apcaiion of the “Curative.” W. J. Imes. Agent, Rensselaer. C. Cross’ Marble Works. Dealer in all kinds of American and Italian Marble, Monuments, Headstones. Mantles, etc. luported Red and Grey Granite constantly in the yard. Gilman, Illinois. Charles B. Stewart is agent, and will take orders for these works.