Democratic Sentinel, Volume 2, Number 43, Rensselaer, Jasper County, 6 December 1878 — Serving Notice On the Banks. [ARTICLE]

Serving Notice On the Banks.

Christmas eve festivities at the M. E. Church bj the M.gp ami Prv’byterian Sunday Schools. A Christmas Tree will be ou baud. The Indianapolis Journal has at lust arrived ut the conclusion that Mr. Voorhess will bo elected for the short and long term to the United States Senate. The Reneaelaar Dramatic Troupe we. understand has engaged Starr’s Hall and will give entertainments on tne evenings of December 31st and January Ist. Rev. S. R. Seawright, of Monticello, is expected to pleach in Ibe Presbyterian Church Rensselaer, (Sunday, December 15, 1878. A cordial invitation is extended the public to attend. One who paiTicipited in the festivities of the Thanksgiving ball make note of it for the Sentinel, and because the same thing was not done for the Union the consol kicks up his heels, makes faces and plays the ba by generally. Willis J. lines has already received a heavy stock of fancy and useful articles for the holiday trade, and more on the way. Willis and Frank ex hibit good taste and sound judgment in the selection of goods, and none will have occasion to leave that establishment dissatisfied. Some parties evidently have been practicing a little imposition upon Horace. They seem to have approached and offered him less tor the establishment than be considers his combination of old offices is worth, hurt his vanity, and now ha’s mad about it. As the matter of consolidation with this paper had never been broached to. us we are IncMned to believe the consul has been given away. On the first and fourth pages of the Sentinel to-day we give the Presi dent's Message, and other State papers. Thu message is only remakable in the fact that it evinces a weakening, on the part of the Fraud, to the demands of the “bloody shirt" element of his party. A few enactments by a Democratic congress may be required to brace him up in the true line of his duty, and to properly comprehend the extent of his authority. Tile consul intimates that in an interview with a Cincinnati Enquirer reporter Mr. Weir stopped “far short of the full story of the treachery practiced upon him by the same gentlemen that betrayed Dr. Haymond in his second contest,” etc, As the consul is the only person we are aware of who assisted in securing the nomination of Dr. Haymond for “his second eontest,” and then went back on him at th* polls, we pause for a recicitaljof a history of th* affair. Some of the more sensible republican journals, seeing the dangess that await us are not slow to denounce the schemes of John Sherman and the clearance houses of New York. The Lagrange Standard, speaking of the matter says: The clearing houses of New York have adopted rules in anticipation of resumption, that wili ten a to discredit silver somewhat. It is to be received only in special deposit, and to be paid out in kind. Deposits of gold and paper, are to ;be pai ! g in lawful money, goldjor paper at the option of the depositor. The banks and mono metalists had better go slow in their hostility to silver. The great refunding act of 1870, which now covers largely our national-debt, provides expressly for the payment of all obliga tions issued under it in coin of the then standard value. It will 3* well to let the stands alone.

We will soon be in th* midst of the holidays, and the customary presentation of tokens of affection und admiration to loved ones and friend s wilt b* the order of the day. Good taste is exhibited in selecting such articles as combine comfort and utility as well as elegance. These can be purchased cheap at the well- filled Furniture Ware Rooms of Longbrey !c Co., Monticello. Chairs for invalids, sewing and arm chairs, etc., etc., are just the ai tides many need and should" have.. Then their parlor and chamber sets ar* handsome, well made and low in price. Citizens-of Jasper county, when in MiontFeello, are cordially invited to catt and examine the extensive aud varied stock contained in this, establishment. Purck Butler, editor of the Aurora (11l ) Herald, was formerly a citizen of Alabama, aud remained in the State for six years after the war, and was a republican member of the legislature from Merungo county, was a candidate on ths radical ticket for lieutenant governor in 1870. In speaking of the southern negro in a lengthy editorial, he says; The conclusions drawn from these iacts aud figures are: I. The colored voters are voluutarih/ voting the democratic ticket. 2. The republican party does not and could not possibly suoeeed in polling the colored vote, with the utmost freedom at elections. If they could hold it, owing to the incapacity of auch voters, 3. The republican party errn not hold thi° colored vote or make any oonv< rtsamong the white voters. This is undoubtedly a true state of the case and explains the heavy increase of the Democratic vote iu that section in the absence of radical interference and intimidation. The bloody shirt hireling* have manufactured and written up a statement of the cause with a view to secure intermeddling on the pai t of the federal government. We ‘hink the effort will tail.

j The work of red emi ng $347.000,000 io greenbacks a id $320000,000 in Na I tlonal Bunk notes, and >2,100,000,000 of deposits, and all private and pubj lie indebtedness, with $130,000,000 in ■ coin, will begin shortly unless should ' interfere and stop the tiick.

[New York Graphic] The National Banks will now do well to consider that they exist only at the will of the National Government. If they violate the spirit or letter of their charters the National Government and the National Courts have the power to kill them. As a part of the machinery of th* Government to regulate commerce and to assist in the reception and disbursement of the revenue, as Government depositories, it is their plain duty to receive on deposit and to disburse without discrimination or favor whatever the Government declares to be money. If they can discriminate against silver, they can discriminate against gold and against greenbacks. In fact, the power to discriminate against any one of the dollars established by Government is a sower destructive of commerce and of the fiscal operation of the United States Treasury. It is the thin edge of the wedge which, if allowed to inter at all, will divest the power to regulate commerce from the National Government and transfer it to th • banks. After the first day of January next the silver dollar, in all respects in this country, is the equal as money of the gold dollar, and it is wholly illegal for any National Bank to discriminate against either. Such discrimination on the part of the National Banks would be a violation of the spirit of their charter and endanger their forfeiture. It is unfortunate for the City of New York and the country at large, that there is not more intelligence, patriotism and breadth of vi*w among the managers of the bank?,— Many of the Bank Presidents while admirable managers of a grocery or a dry goods business, hav* not the education and experience in the broader principles of national finance that fit them to control banks. They are so short sighted that they are constantly injuring the great future of the’r institutions and th* country in the hope of some little present gain. By their war on silver for the last two years, they have driven millions of commerce away from this city, and are building up in the West financial centers that may soon seri ously affect the prosperity of the City of New York. Unless they wish to raise a storm of indignation that will not only sweep them out of existence, but go far toward transferring a large part of the commercial and financial business of New York to other cities, they had better regulate their action beiore the Ist of January, and start upon a patriotic and national course.