Indiana State Sentinel, Volume 28, Number 38, Indianapolis, Marion County, 17 September 1879 — Page 5

THE INDIANA STATE SEKTIKEL. WEDNESDAY MORNTNGU SEPTEMBER 17, 1879,

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did cold In former ex perlenoes of a like nature." Every word that he utters U true. Under like circumstances heretofore bank: paper has become comparatively worthless. Legal tender treasury notes are nought after beeanae all debtors can pay their debts with them, and that la just what we want with money. We have contended that the only reason treasury notes were depredated far some years after their issue was brcause they were not a fall legal tender they were not receivable by the Uovernraent for tariff does, and they were not a leacd tender for the interest on tne public debt. Had it not been for these exceptions. In their legal tender quality, they would have been par immediately after the close of the war. i assert, without fear of successful eontradiUon, that there never was a note issued by a responsible overnment a full legal tenderthat was not at par with any other money In circulation in that Government. I call the attention of this andienoe to the demand note Ins ited immediately after the war commenced, that was afterward made a full legal tender, and It never was below the value of gold. When gold was worth S2 85in treasury legal tender greenbacks, that note was worth It, because any man who was in possession of that note could do anything with lk that he could do with gold. If be had it, v l hope yon gentlemen here in Ohio will ask Republican speakers to confine themselves to the platform, and not argue the superiority of National bank paper over State banks or wild cat banks? Ask them to point out the superiority of bank paper over treasury notes made lull legal tender. You will flud whenever you ask them to do that, the question will be evaded, a? it was by Mr. Knox, the great champion of the National ban as, and Sao comptroller of the treasury. He has studied out ever argument in favor of National banks that the Ingenuity of the friends of National banks can conceive of, and if there was any argument that could show the superi

ority of National bank notes over legal tender currency, Mr. Knox would have presented it. Notwithstanding, the supreme court has decided that the Government had tbaright to make treasury notes a legal tender, some wise men have fouud out they could reverse that decision. How they came to this conclusion, I am at a loss to know, though I am aware of tbe fact that there is not that respect for tbe decisions of the Supreme Court of the Uiilted S ates that there once was. This argument comes from gentlemen who have more confidence In the supreme court than I have. During the discussion of the National bank bill In Congress, iu 1873, leading Republicans then found ample power given Congress to make National bank notes a legal tender. I bave learned that there was never any lack of authority given by the constitution to Congress to pass any law in the interest of incorporations as against the people, but whenever the right of the great mass of the people is asserted, as you iu Ohio would have it asserted, then there is a lack of power in the constitution to carry it out. Notwithstanding the constitution itself was made by tbe people, and for them, these Republican law-makers say it can not be administered in their interest, but only in the Interest of incorporations. Mr. Snauldlna. of New York, in bis speech upon the subject of the National bank law, as found on page 33 of the appendix to bis history of k gal tender, said : "i would go one step further, and make the National currency like the Bank of England notes, a general legal tender, so long as the bank issuing it redeemed in lawful money, except that the currency issued by any bank separately should not be a legal tender for any debts such bank might Itself owe." Mr. Spauldtng was tbe anthor of the National bank law. He was also the author of the legal tender act, and always contended for the right of the general Government to make treasury notes a leeal tender. Mr. Sumner, of Massachusetts, made a lengthy speech in favor of the constitutionality of the legal tender clause in the bill authorizing tbe first issue of treasury notes, and said t ne woma connne nis reraarjts 10 Litis feature of tne bill. "Paper promises to pay are to ! be made a legal tender like gold ana sliver, :; and this provision is to be engrafted on the I present bill authorizing the issue of treasury notes io the amount of 150,0U),IU). It seemed j to him that the power of Congrets to make treasury notes a legal tender was settled as i long ago as when It was settled that Congress might authorize tbe issue of treasury notes, for from lime immemorial the two have gone : together one Is incident to the other, and un- ; less especially severed they naturally go together. 1 could not bring forward higher - authority. No man stood higher In the legal nroi'esslon than did Mr. Samner. Nowhere in tbe constitution can the words "legal tender" be found, except where the -. constitution provides thatnoSiate shall make anything but gold and silver a legal tender in -the payment of debts. A legal tender act of Congress was made necessary lo carry out the : provisions of the constitution that gave Conegress power to coin money. The rleht of ConW gress to coin money, with no power to put the s money so coined into circulation, would amount to nothing. Hence the remark of Mr. Sumner that tbe right to coin and the right to make that coin a legal tender, or the treasury note issued by the general , Government a iegal tender, naturally go together. Tbe coining of money with no power to put it in circulation would amount to nothing. The Issuing ot a treasury note, or the right to issue one, with no power to put the note in circulation, is so inconsistent with common sense that we can not suppose the constitution of The United States would grant the right to Congress to issue without the right also to put in circulation. To issue treasury notes to lie in the vaults of the treasury would be useless. The Federal Government mast have power, and it bas the power, to pass any law lht is necessary to carry into execution any of tbe

V provisions of any of tbe powers of Congress. 1. Yon, here In Ohio, are again true to the --interests of the great mass of the people. You . Tiave demanded the unlimited coinage of sil

ver a lull restoration or tne aouoie st andard. Your wisdom in doing tills should bo appreciated by every laborer and every producer in Ooio, and. Indeed, throughout tbe entire United states. A double standard with us means double value to ail tbe labor and the products of the country. The value ot everything within a Government depends upon the quantity of money io circulation, which is the measure of that value; and as we -have even more silver bullion than we bave gold bullion, it is not saylug too much when I say a full rest ration of silver as money means double value; for this great principle in finance, upon which all writings on that subject are based, is true. Adding to tbe world's slock of com adds to tbe value of an products that are traded and trafficked in between Governments: and as we are a great exporter oi proa nets, we prooa,uiy are more in teres tea in tne world stock oi in being large than an v other Government. ine anxiety of our Republican friends to follow after England, and fashion our Government after hers, lea them to demonetize silver ; and get upon a narrow gauge policy that noth- . lng but gold was to be money. Eugland now fluds beiself very much embarrassed with her inula trade, where nothing but silver is used I as money; and if we bad opened op coramer- ) cial relations with Mexico and the Soutb I American Slates, as we ought to have done, we 1 - would bave found ourselves very much eiubarrassed some years ago, wben we had t.o silver silver. Some time since tbe merchants of Ld verpool were called together upon the Board pf Trade to consider the question of remonet izrng silver by England. Tbev nassed resolu tions in lav roiremonetlza.tion.and aDnolnted a committee to wait upon the Parliament of jbngiana ana present the question. The great reason for this action was theirembarrassment in the India trade. But I care not about following British examples. It is mainly our business to look after l be Interests of our own country. Suppose England continues the demonetization of silver. and we bave a fait restoration ot the doubls standard with an unlimited coinage of uver, ana suppose we act wisely ana inaugurate and prosecute commercial relations with South America and Mexico, when oar merchants meet the British merchants how will they stand? Onr merchants will be ready to take their silver dollar, while the British merchants will be asking a discount. The manufacturing interests of our country are assuming such magnitude that we mast be looking for more extensive markets for our m n m nrusi artlolAil mnH with thla croat Wvar tare. ine manufacturers of this country would drive England out of these markets vfaicb she has bad. for many vears. undis toibed possession of. We would bave a dollar 'from Mexico or South America a dollar for oar people, and if England continued tbe moneilzilon of silver we would have a gold I hollar for Her. (Being a great silver-producing country as we are, not less than $.i0,U00.UUw a year in silver being produced, . It is astonishing that I there can . be intelligent men any I where who will Insist upon a policy VMirrtiaing it undenting it when, it is oar commodity and oar weaah. It Is Opposed by soma beausa sliver bullion is not as valuable as gold bullion according to onr 'C"ndard All intelligent men nndentaj' wh lhls lg There is no limit to the coinage of gold bullion. Every 25810 :.ins of gold bullion is rt? a dollar because it can be exchanged lor dollar InoolD 'at our mints. Suppose every i2 grain', of silver bullion in, the United: States could be thus ex changed, w old there be any sliver pallion below parT Whenever a commodity i w nsea as money, ana it is notaii tnus nseo, ' nat portion which remains unused will be (depreciated, because it bas got to go into the market a other commodities. Suppose the aitets were cloned against tbe coinage of gold L?Dony our mints, but tbe mints of other (Troverniuents would gold maintain lta value? nuai couia f ney oo wan tne remainaerr i wou.d bave to find a-market as pig iron or pig

lead does. . Intelligent men everywhere begin to understand this question, and tbe only way to have a double standard ta to bave anllmlted coinage; then yon have a double standard with gold and silver of the name value. ; Some insist that we should have a larger dollar I mean sumeof oar Hepabtloan .friends I know or none of them who have denounced the Republican party for demonetising the trade dollar a dollar with 4&I grains of allver In li a much larger dollar than the standard silver dollar. If they had been honest in their clamor for a larger dollar, they never would have demonetized the trade dollar. John Hberman, of your own State, as chairman of the committee on finance in the Senate, made his report in favor f demonetizing the trade dollar, and ever since be baa been insisting that if we have a sliver dollar at all, we have a laiger dollar than the standard sliver dollar. X merely reler to this to show that all that is said upon the subject of a larger sliver dollar is pare demagogaery. Mr. Sherman is now passing over the coontry reminding the people everywhere the opportunity offers, of the great piosperity of the country and tbe success of his financial scheme. His comptroller of the currency (Mr. Knox) pavs him a high compliment and claims great credit for his chief In his pech before the bankers on the tiih of last month i August) at Saratoga. It is claimed that bis Inancial policy' has wrought a wonderful change in the condition of the country. It I well lor us to examine, as far as we can, anu know, if possible, why it is that there is more confidence in thecountry than there once was; and see whether Mr Sherman is entitled to the credit that he claims for himself, or rather that hl friends claim for him. of being tne author of the financial policy that he is now carrvlneout. Mr. Sherman, as chairman of the Senate finance committee, md a leading member of tbe Republican party, bsd lam down bis financial policy before the Demo

cratic party obtained control of the other brancn, of Congress. The leading features of their financial policy was tbe establishment of National banks, the " passage of the law of LsTJ . demonetizing silver, and the passage of the law of 1S75 known asthe resumption act, providing for the retirement of treasury notes or green backs. You all will recollect that this was the well-defined Sherman or Republican policv. Is that the policy of to day? Wiioare von indebted to for the change in this policy T You will recollect that the Democrats nad gov control ot the lwer rtouse oi congress at tne first session of tbe Forty-fourth Congress. which met in December, 1878. The business of ! tbe country was parayized, and business men by the thousands were going into bankruptcy nnder the John Sherman or Republican policy. Tbe losses by creditors alone because of the failure of debtorsto pay ,as shown by Dunn's commercial reports, was more than the amount of the entire debt ot the general Government, to say nothing about the loss the debtor sustained in the depression in the yalue in bis property when he sacrificed it In order to pay what small proportion of his indebtedness he did pay. This was the result of the Bherman Kepuolican policy of contracting silver, tbe driving of silver' from circulation, and the threatened destruction of greenbacks. I had the honor to be a member of the Fortvsixth Congress from the Indianapolis district. ana during us nrst sessioD, in oraer io avert the calamities that had been brought upon tbe country by the demonetization of silver and tbe contraction of the various Government obligations, I offered, on tbe 28tb day of June, 1876, the lollowlng amenament to tne Dill mat had pas-ed the House lor the issue ot subsi diary silver coin. It had been sent back to tne .tiocse irom tne oeuaie, amenaea bv recommendation of the finance committee, of which John Sherman was chair man, oy providing mat me iraueaouar snouia no longer be a legal tender. The amendment I offered reads as follows I read from the Con gressional Record, p; '.re 1,214: "Mr. zanders, oi tuaiaua. i move to amena the proposed amendment by adding the fol lowing: And it is runner provided mat me secretary of the treasury is directed to authorize the coinage oi the standard silver dollar of the same weignt ana nneness in use January lj IStil, and said dollar shall be a legal tender in payment of all debts, public and private.' " l ne yeas ana nays were caiiea oy ivasson, oi Iowa, and Landers, of Indiana. The amend ment was adopted by 111 to 63. This was the first move made in uongress lor the restora tion of tbe silver dollar, and I fled, in looking over the names of those who voted against tbe coinage of the silver dollar, the name of the present candidate for governor on tbe Republican ticket. Mr. Charles Foster. He. it appears, was for theSnerman financial policy, and opposed to the present nuanclal policy. The bill, with this amendment, was s?ui back to tne ssenate, ana mat ooay reiusea to concur in inv amendment. You will bear in mind, now, that the Senate at that time was strongly Republican, with John Sherman as its leader. A conference l ommlitee was called for, and granted by tbe House of Representatives. Tue members of that committee on the part of the House were H. B. Payne, of Ohio, Samuel J. Rau'lail, of Pennsylvania, and Franklin Landers, of Indi ana; ana on me partoi tne senate, jonn Sherman, ot u:no, teorge . uouiweu. oi .Mas sachusetts, and Louis V. Bogy, ot Missouri. Tbe conference committee, thinking it very important to get out the sliver chance that the bill provided for. and seeing the impossibility of passing the bill through the Senate, with the amendment offered by me and adopted by tbe ilonse of Representatives, deemed It their duty to re port aeninst concurring in my amenament. Before the close of that session sometime in the latter part of July a silver bill was brought forward by the committee ou mines and mining, of which Mr. Bland was chair man. A large portion of the remainder of tno session was occupied in Its consideration, but whenever tue Dili was caneu up to De put on its o&a&age. the It -publican party resorted to all the means known to parliamentary law to deleat its passage, and did defeat it during that session. To show the bitterness or leading Republi cans to this measure, I read from a Bpeech of Mr. Uai neld, or Ohio, iouna on page i,ot)i oi tbe Congressional Hscoid He said : "At tue present moment the relation of debtor and creditor In the United states Involves nearly 5,0uU,0u0,0uo. It Is proposed by the amenament ot the gentleman from Indiana (Mr. Lnuders), thai at one fell stroke one fifth of all this enormous sum shall be wiped off, repudiated, and that this process shall be called honest legislation. " But aside lrom the political ethics Involved In this scheme, e should consider its e Meets upon the business of the country. Gentlemen may remember the financial shock of l8of7, the later sncck of lts)7, and that still later shock of 1873. Conceive them all united In one vast crash, and the financial ruin, the overthrow or business, would be light In comparison with the shock which would fellow if the principle here proposed were adopted." This principle relerrad to by Mr. Garfield was the remonetlzing of silver. I wish to call your attention to the. views of Republicans then as to tbe disaster that would follow the remonetlzation of silver. Mr. Garfield says that it would be worse than nil the shocks of ltvT7, 1857 and 1873 combined. This measure was opposed by all leading Republicans. Mr. Sherman insisted it wou d destroy the credit of tbe Government, and many insisted that Government bonds would be sent borne from abroad by the ship load. . Mr. Sherman, sometime since, visited your Stale, and, notwithstanding, now we have silver remonetlzed and la use as money brought about by the Democratic party, he stated that the credit of tbe Government wassecond to none, and Government bonds have been selling at a lower rate of interest than they ever did before. This shows the value or the judgment of these distinguished Republican financiers. Their opposition to the continuation of greenbacks as money was no less marked. They championed the law of 1875 for their retirement. Taey ridiculed them ' by calling tbem a" "rag baby," and they laughed at tbe idea of continuing them in circulation. It was the Democratic party which drove them from their policy of retiring greenbacks, and passed a bin through Congress for the permanent retention of greenbacks as money. Is there anything now left of the Republl-an or Sherman policy except their National bank scheme? Jonn Sherman, it is true, can boast that that be got his National banks, and be has spared no pains to encourage them. No pains has been spared by Mr. Sherman to throw everything into the pockets of those engaged in or connected with National banking incorporations that possibly could be. although the pockets of the people might suffer thereby. The First National bank or New York appears to have been a pet or Mr. Sherman, - its Interest has been carefully looked after, although at the expense of pocket of the great mass of the people. r w read from a report ol the condition rJ. rb a cnII National ban k of New York at Vne e'cVnf hi" n8 hoars, June 14. 1W, .itiMUttSTtotowS: . . -KBSoURCkU, .:. ,,; Discounts aba time Oveidrafts.i.i, United States bonds... Other . stocks . aiid .... bonds ............. ' ''-' Premiums.--.. .' " ' 1 " "' ' (Specie .11,382,484 81 Legal tenders and . bank notes....... 2,066,166 00 Due from treasurer of United State. ' 7.2S0 00 Exchanges .......... 13480 71 Due from banks- 404,135 81 Demand loans 4,187 ,830 88 129,152,740 UU 1,084,747 09 536,7118 71 9,392,615 71 9142488)86 09 ,; " tfiOO.000 00 1 :i 1,00000 T.TARTT.mtS. Capita!.. Surplus-..

Pro OU .. . .-- -. -.-'871:018 88

Circulation 45,100 0U Deposits. Individuals- 3,riz.j w Deposits, banks ,tS,4a,U&l VI lt.5534& 17 Due treasurer of U,.S , 12S,luW,U71 04 Total. - L. .....H2,1S8,635 W Nowj In not this a remarkable showing? A bank with on.y f 500,000 capital to have deposits bv tne Federal Government to tne amount ot 1128,109,071.04! It Is shown that t bey bave to their credit 15!l,l(B,T40 of Government bonds! Now, gentlemen, do you not understand this transaction? Is it not clear lo you Uiat Mr. Sherman bas turned over your bonds to this bank bonds which you are now paying interest on. and will continue to do so, tbe bank simply giving the Federal Government credit theretor. Yon get no Interest on your credit, and If any Interest comes from ttat source 1 venture it goes Into the pocket or John Sherman, and not in yours. Gentlemen, no credit should be given the National banks for tbe present prosperity of the country. Instead ol their giving prospei lty to the country, the country is giving prosperity to them, or at least one of tbem. John Sherman Is your atd man paid to attend to your business. I ask you If he Is not attending to the business of this bank, at yonr expense? In view of what 1 have said as to the legislation of tbe country, is there an honest man in Ohio I care not of what party that will say tbe prosperity o' the country is due in any degree to John Sherman or to the Republican party? Their ruinous policy bas been reversed by the action of tno Democratic party since they came into possession of the lower branch of Congress. Tbe silver bill met with Bach violent opposition from the Republicans that even Mr. Hayes vetoed it after It had passed both Houses of Congress, John Sherman claims that tbe returning prosperity of the country is caused by tbe success of bis resumption plan. I have shown you that the present financial policy of the country is not John Sherman's policy. He claims the benefit, accruing froru Democratic legislation, and from the goodness of God In giving ns bountiful crops. The devil once claimed to own tbe world, and bis pretension was as good as Is that of John Sherman that the country Is Indebted to him or to his policy lor lt Improved condition. Many persons believe the financial questions are settled. They are not settled, ana will not be settled until the National bat ks disappear and the people get the entire field ot currency for themselves. There is an irrepreslbie con flict going on as to who shall bave this field fur the circulation of paper money the banks or the Government. That conflict is as Irrepressible as the conflict spoken or by Mr. Liu coin between ireeuom ana Slavery, ana it will go on t ill one or the other occupies the field. Itu mediately preceding me elections oesigniuz Republicans insist the question is settled and try to convince the people that all Is well, ana that all are for greenbacks. I have shown von tue opposition ot tne kcpubjean party to the passage of the Bllver bill. I no w want to call your attention to tbe declarations of that party as to the retirement ol greenbacks. They have been silent here In Ohio upon that subject . They know 'twill not do to speak out their intentions to tbe honest people ol Ohio. General Grant Is now a prominent candidate ot the Repnolican Dariv for president. I want to call your atten tion to an extract from his message, delivered December 7. 1S75. which reads as follows: "There are a few measures which seem to me important in this connection, and which I commend to your earnest consideration : a repeal of so much of the legal tender act as makes these notes receivable for dehts con tracted after a date to be fixed in tbe act Itself, say not later than tne 1st oi January, . "Second. That the secretary of the treasury be authorized to redeem, ssy not to exceed two million (82.000.Cu0)aollarsmouthly.nf legal tender note, by issuing in their siead a long bond, bearing Interest at the rate of 3.H5 per cent, per annum, ot denominations ranging from StO up to 11,010 each. This would in time reduce the legal tender notes to a volume that could be kept afloat without demanding redemption in large sums suddenly.'" Now here is General Grant recommending Congress to demonetize your greenbacks, and, after having them demonetized so they will no longer circulate as a .ney, then take them up byanirsue of bonds. This was Republican policv. This Is a leading Republican who delivers this message and the man who is the most popular candidate for president to-day with Kepabtfcans. Again, I want to call your attention to the address of John J.Knox, comptroller of the currency, as to what the intentions aud expectations of the Republican party are. In his speech on the 8th day of August, 1S79, before tbe Bankers' convention at Saratoga, be said : "The seven years of famine have passed and already have begnn the seveu years of plenty. I look hopefully into the future, and during these years I venture to predict that there will bet no suspension of specie payments; that the gold standard will prevail, although tne use of silver as a coin issued under restrictions, will increase: that tbe int-r rest upon the public debt will be paid in gold dollars of 23.8 grains, or iu equivalent: that the legal tender quality of the legal tend, r notes will dis-jpear; that the Unites States notes will diminish by payments; that the National baking system will extend and continue." There is a declaration by this leading light of the Republican party that the gold standard alone is to be your standard. He predicts that yoc will bave no double standard, but that you will have but one, and that the gold ; I hat the interest on the public debt will be paid In gold dollars of 35 8 10 grains; that the bondholders are not to take tue sitver dollar; that tne United States notes are gradually to disappear; that the legal tender quality is fobs taken away from them, as recommended by General Grant in his message; and that the national Banking system will extend and continue, occupying the entire field or the currency. This is his prediction. Are you ready for the question, gentlemen? It ts said that "the price of liberty Is eternal vigilance." Is It not plain to you, gentlemen, that the price of your labor, your commodit ies and your lands require eternal vigilance? This 1 a battle that is to be fought, not by guns, but by ballots. Are you aware, gentlemen, that tbe discountenancing of silver, the refusal of bankers to take it on deposit, and the arrangement entered into between the various banks of the city of New York not to take it in the payment of balances in thetr clearing house, was an arrangement made with Mr. Sherman in his office in Washington City? And bis own assistant s cretory In the city of New . York wa?, by agreement, to be a member of that Clea.-ing House association where this refusal to tskn silver in payment of salaries was t be made? Mr. Knox, in bis speech at Saratoga, bslore the Bankers' convention, informs us of all these facts. I regret that time will not peimlt me lo read further. I call your attention to the iacts that you may read lor yourselves. One thought more: The National banks have been chartered under the plea that they were to be the fiscal agents of the Govern, menu Mr. Sherman and his assistant secretary in New York are the hired men of the Government. The Government has decided that silver is legsl money lor the payment of all debut, and these fiscal agents ol the Government and these hired men of the Government conspire together to make the laws of the United States Inoperative! Whenever employes conspire against their employers it is time their services should be dispensed with. A CONTEMPOBAHX . OF - JEFFERSON. The Uolden Wedding; of the Librarian ' of j , . ,, the University 'of Virginia. A special from Charlottesvile, Va , to the New York World, says: The living links which connect the people of to-day with men of the tint century of the Republic are very few, and. therefore there is great interest attached to those rarely-met individuals who knew the patriots and statusmeii who piloted the United States through the breakers of the revolution to an assured place among, the nations ot the earth. One of these men is William Wertenbaker, librarian of the University of Virginia and secretary to its faculty, who is an octogenarian. At a spot replete with' merilufSes Pi effenca, Mr. I Wer ten baker ; ts tb only person now .ive who had the privilege of meeting Mr. Jefferson, and he tabids bis office by direct appointment 'jnm, JnffenOP Tiimaelf ikn at its date wa k0tin as rector of the board of TJ?lto to the Uai'vomty ol which he was founder. , ,. . . V.!Va filiated, peopla Mr. Wertenbaker toow ssems to live rather among the memories of the youth of generations past than among bis contemporaries, and tbe old gentleman s face glows wltb pleasure as he recounts the doings and sayings, of long ago. He can tell not only of Jfff-rson, bat of Madison. Monroe, Cocke, Cabell, Rives, Barbour and a host of other worthies, George Long, Key, Emmet, Lomsx, the two Tuckers, Cooxtenay, ; Harrison , and McGsffey are among the ' old professors he knew, while, of the students whom he bas known, many of whom bave held and are now holding prominent places, perhaps there is none about whom Mr. Wertenbaker is so curiously questioned j about .the ill fated Edgar Poe. Poe's room, No. 13 west range, has become a place of pilgrimage for visitors. And now on Mr. Wertenbaker'a golden wedding day in Bsptember it is said that .all th gold in tbe town baa been bonght np

to be presented in offering to this rare old man and hi venerable partner, who a lifelong invalid Is itili by bis side to share these pleasant testimonials of esteem. Their friends prepared a fete for them, the brilliancy of which was not marred even by a pooling rain. Among the presents was a strawberry set of real gold from Mr. and Mrs. O..U. QiviB, of New Orleans, and poetry

was not lsckuug to throw its ideal charm around gifts ot a more material sort, such as barrels of flour, old hams and other pro visions. - A Veritable Monster of the Deep. A tale of the sea, told by the csptain and crew of tbe lost Norwegian bark Columbia upon their arrival at New i ork noon the res cuing steamship Caiand on Tuesday, certain ly is worih the attention pf natural scientists. In brief, the story is that while the Columbia was in la-ilude 47.32 aud longitude 43 61, on tbe morning of the 4th instant, she was struck a stunnicg blow in tbe bow. The crew ran forward and saw in tb-s water the fins, tail and part of tbe body ot a large monster, which in a moment disappeared, leaving a trail of blood. Tbe array of flu and tail reached from the tore-rigging to the mam rigging of tbe vessel a large vessel of 4C2 tons register. A hole large enough for two or three men to crawl through bad been knocked into the bow and the Columbia sank, the men barely hsving tin.e lo escape in the small boats. A whale was never known to sink a vessel. Though this mon ster may not have been the . "sea serpent," the story tends to show that there is some unknown inhabitant of tne deep. Perhaps tbe story may be pure fiction, but it is Dot likely that a dozsn intellgnt men would invent and swear to such ad extraordinary came of wreck. . Women Never Think. If tbe crabbed, old bacberlor who uttered this sentiment could bat witness the intense thought, deep study and thorough investi gation of women in determining the beet medicines to keep their families well, and ' would note thir sagacity and wisdom in selecting Hop Bitters as the best and demon strating it by keeping their families in perpetual health, at a mere nominal expense, he would be forced to acknowledge that euch sentiments are baseless and false. An Honest Medicine Of all medicines advertised to care any affection of the throat, chest or lungs, we know of none e can recommend so highly as Dr. King's New Discovery for consumption, coughs, colds, estbnia, bronchitis, hay fever, hoarseness, tickling in the throat, loss of voice, etc. This medicine does positively care, and that where everything e'ss has failed. No medicine can show one-half so many positive and permanent cures as have already peen ettccted by this truly wonder ful remedy. For asthma and bronchitis it is a perfect specific, curing tbe very wort I cases in the shortest time possible We sav. bv all means give it a trial. Trial bottles 10 cents; regular sizs $1. For sale by J. C. French, Indianapolis, Ind. ltutter-Maklng In July and August. Butter making csn be carried on in hot weather as successfully as in June by using tbe Gilt Edge Butter Maker. It reduces time oi churning one half, increases production i to 10 per cent. Storekeepers pay 3 to 5 cents a pouhd extra for butter made with it. Sold by druggists, groctrs and general store keepers, bend stamp for "Hints to batterMakers." Address, Butter Improvement company, Bntlalo. N. x. Ouaquaoa Dairy. Stjsqttrhanna 1 Vallkv, N. Y. May 28, 1879. f Butter Improvement Company, Buffalo, N. Y. Gentlemen Ple&re accept a sample of butter made from ''bay-fed" cowj and with the use of your Gilt E4ge Butter Maker, without its use the butter rank was almost as white as lsrd, while with its use (as you will observe from the sample sent you) the butter' is of a very beautiful, even golden color leaving nothing to be desired in that direction. Several of my neighbor dairy farmers have tried your powder, and are loud in its praise. It passes in market as "creamery butter." and is worth from 3 to 5 cents per pound more tbau dairy butter. . H. C. Bbtakt. Does Your Business Pay? Handsome profits from small and large in vestments, of from Ji to ra.UUit, In the new Mutual Capitalization system is a matter of daily occurrence la Wall street. The success of this Improved method is attiacting uni versal attention. It enables any one to oper ate successfully, ana secures to each partici pant all the advantages ot unlimited capital on large or small investments, while profits are divided pro rata among shareholders every month, over H.tsKS.s.! was netted in one cap italization for each '27 business men who fur nished S2,uuo respectively. A cotton mannlacturer, of Loweii, Mass., made ISylJW by in vesting 1100 in a capitalization last month. New circular. "Rules lor sjuccess," with inval uable intormation to all investors ma led free. All kinds of bonds and stocks bought and sold by Adams, Brown A Co., Bankers and Brokers, wand as Broad street, new lorw. The First Result. In almost every case the first and imme diate result of the nse of "Compound Oxy gen ' is an increase of appetite ana a new sense of bodily life and comfort. Oar treatise sent free. Address Irs. . 8tarkey & Palen, Uirard street, Philadelphia, l'a. Life Insurance Kecord. . The official returns for the year 1S7S show that the Union Central Life Insurance com pany, ot Cinoinnati. secured the largest amount of new business in the State of Ohio, which amounted to 590 new policies, coverine SI. 233.303.00 of insurance. The liberality aud strict business principle upon which this large financial institution is con ducted is undoubtedly the main cause of its success.- Messrs. U. is. . Palmer E Co., 78 Eist Market street, Indianapo:is, represent this company. . . SPECIAL NOTICES. The Secret Key to Health. "The Science of Life; or, Self-Preservation, 800 pages.' Price, only II. Contains 50 valuable prescriptions, either one of which is worth more than 10 times the price of the book. Il lustrated sample sent on receipt of 6 cents for. postage. Address Dr. W. B. Parker, 4 Bulfinch street, ho ion, Mass. o Chew Jackson's Best Sweet Navy Tobacco. o An Individual Inquiry of Every Reader. ' The opportunities occur for a fo;'tune to every man, It Is said, some day r- o,DOther, .but how seldom does a mau rea'y tnow the exact oppoitanlty. The hewsj,, every now and then tell of some person who has drawn a aIiured thousand or a thirty thousand dollar price In tbe long established Louisiana State lottery, which Is drawn on the second Tuesday of every monti, at New Orleans, La, But does It ever strike the reader on reading about the lucky man that a similar gmd fortune might attend bun IX he were to send sz for tne .next. t,h,h iha listh drawine. to M. A. Dauphin. P. O. Box, tW!2. or same person at No. 819 Broadway and see what fortune has in store? -o To Exchange Merchandise. I have for sale 1150,000 worthNof staple merchandise, all wholesale stock In prime order. Will sell in lots of from ,000 to 82,000, and take in naymentone third cash and two-third a-ood teal estate. Address MEKCBANT, 8 , Box 2, 134, New York City. AXfNOPNOB fllBNT. mHOHB who contemplate going to Hot 1 unrinin lor tbe treatment of sv chills. alcet, scrofula and all eutaneous or blood dlsSama can be cored for one-third the cost of nnh aLrlnattneold relliAle stand. I have hn located here for 21 years, and with the advantage of such a long and successful ex .n n&n confidently warrant a care -ia all cases. Ladies needing a periodical pill can get tbem at my office or by mall at II per box. Office. 'it) Virginia avenue, Indianapolis, Ind.

L.' xiuaruia iucu at Ia iataMtV

HoUL

IDR.M.W.CASE'S CflRBOLATECFTAR INHALANT

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X I FOR CATARRH, ASTHMA,

It does not quire On u"tod t:Iiw of inftmr-1ial f the tnc pTopertit treadling moke or Dr. M. W. CASE, 933 Arch St.,Philadclphia,Pa. i HUMORS OF THE BLOOD, SKIN AND SCALP. Cuticura Resolvent is the most nowerful Blood Purines and Liver Bllmnlant ever com pounded. In 40 minutes after taking tbe first dose it may be detected in the saliva, blood, sweat, ana urine, snowing mat it nas entered the blood and been distributed throughout the entire system. In its passage through the circulating fluids It meet, witb the corrupt rarneies oi matter wnicn roster ana maintain disease, with which it chemically unites, destroying and gradually eliminating them from tbe system. Hence its power to forever expel Scrofulous, Canceron., and Canker Humors, which unchecked -fill the body with foul corruptions ana rot out tne an lcate macninery oi U'e. Cuticura, the treat external remedy for ail Humors or the fc-ealp and Skin. Uluers. Bores and Discharging Wounds, is the most soothing and hea'lnz of outwsrd applications. It speedily destroys fungus and paiusiiic growths, restores the oil glands and tubes to a healthy condition, and cures, when assisted by the Cuticura Soap, Diseases ol the Skin and Scalp .which have been the torture of a lllellme. SKIN DISEASE. rent SaBes-laa; tow Sixteen Year. A Wonderful Care br tne CiiUcnr Kenaedle. . Mfssps. Wkkks fc Potter Gentlemen : Cu ticura Bemedles have done me a power of eood, x nave oeen amictea witn sain aisease lor ID years. Some days it tronbled me more than others, but at night tbe Itching nearly drove roe wuu. I would scratch until the blood would run down ray limbs. i nave naa several pnysicians. Kome saiu they could cure me, but others said not. i win say mat before l used tne cuticura Remedies I was in a fearful state, and bad liven up all bone of ever havine any relief. liut like a drowning man erasuins t a straw. I thought I would try the Cuticura Remedies, about which I bad read so much. They nave performed a wonderful cure for me, and of my own free will and accord 1 re commend tbem. 1 ours truly. 8. A. STEELE. 68 West Van Bnren street, Chicago, 111., March 7, 1S79. MORE GOOD THAN DOCTORS In Til re a Tears ef Treatment. Gentlemen Please find 50 eents to pay-Tor small box of Cuticura, and direct it tome. The dollar box you sent me basdone me more good than all the doc tors in three years. The doctors naveaoneme nogooa. My leet ana legs are neating last, it is indeed cuticura. l ours inn v. EVAN MORGAN, P. M., Moscow, Minn., June 25, 1S7S. CUTICURA SOAP Superior ( Ay. Cn AS. Desniic, Druggist, First Place, corner Court Street, Brooklyn, March 4, 1S7. I can cbeerfnllv sneak of the heallnfr ouali ties of your Cuticura Soap, and its perfume is superior to any of the staudard soaps now tn use. ... oa?, vEi.miA. Prenared bv Weeks 4 Potter, chemists and druggists, 30J Washington street, Boston, Mass., ana lor sale oy an aruggists ana u eaters, i-rice of Cuticura, small boxes, 50 cents; large boxes, containing two and a half times the quantity of small, i; Resolvent SI per bottle; Cutioura Soap, 25 cents per cake, by mail 30 cents; eakes, 70 cents. a - - Bv iUHlanllv affecting CO-l-,''S the Nervous System.tbeir VOLTAIC CSiCTRlC Lhe farthest extremities. r. . .0e Hence Pain, which arises I A CTFVW ' from a d istnrbance of I he Nerve r oicets 1 cured in every Instance as if by magic. Also. Palpitation of the Heart, Inflammation of tbe Lungs Liver and Kidneys, Irritation ot the Stomach and Bowels, Indigestion, Dyspepsia aud Bilious Colie. . i TB MILD POWDER cu R is .SH II M H H B K Y 8' HOWEOPATHIC SPECIFICS. Umii in areneral use for twenty years. Everywhere proved tbe most Sale, Simple Economical and Efficacious Medicines known. They are Just what the people want, saving time, money, .sickness ZZl?;lnKZZ single specino iud ww eminent physician. For8aieDarugKisi6g"rujr. . TTnmnhreva' Snociflc Manual on the treat ment of disease and its cure, sent free on application to Humphreys' Homeopathlo Medicine Co. 108 Fulton street New York. . CURE BY ABSORPTIOn 1 "SAPAfJULE" THE GREAT EXTERNAL REMEDY . uAI, ,rtM Rmiw-i. Rrt ruins. Sores. Chil blains, Bunions, Corns, Rheumatism, Neural gia. Head acne, Lama Baca, mtra ui iinw", -lleves and cures Poison, and aU skin diseases. Used -in baths l a sure preventive of fevers I and contagious diseases. BOLD BT ALL DR JUUIHTS. 50c. and $1.00 per Bottle. a mm, ecsKT ' CO., Franrtet!. Offlec, 237 Brtxtdway. LaaeO. Karsh tt Gardner, Wholesale Agents, - - New York.

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To those trv i i,t is.!..-.,; il,.' -i- . j 'u n: a syxiem of rcnKsU..! :

ssen furfovrred ti-.nt -.-- ;'- - '

V'tem e'cctricitv .'t.''-'i'i;. .. !ranfermcd intu vi.al ., .-.'. ; - strenptl la tiitvit.tirt .'T'.! ' , rapidly ("nil up, the s i --, ' - ff slrenjrh frrnn ir.-:-'.h.-:V - ' method of treatment k.or?n nv-; fompiish this result, as v.ivy tr , . phyr-ical rwer ri-tiv.rii.'ivi.-r:::- .. ... rliich iiie-licinc mnv j-io-'.:t e 1;;:: . cept in a very limited dcirrce. This system of tTcntnw-ui l as i-.r- v:. -. .: :. . i -ccssful in curing Uetrovi-ri.. --.-.-: . . .. r ingnf the Uterus T "Feumle Wc-'-c? s. . -r Paralysis, Neuralgia. Swcil:n?s. V.i.j:-. - .- ' ..-.n NervoBS Debility, leep!e-;.c-3. : i CM. a:: DiMsases. AU cases of Omstipaticn nrc j-nvti" vc' ! very few applications, and tbe re-ui! i- yrt ;-ic.v. patient who can sit lip nra minsU. fit :. time i - !o vc c lo have this treatment npplioL The :iplicRtitns n always entirely unobjecitnic, Isci-.n; jiwi mrt'ff through the clothing. I-oir patients shouH l.ricgwi.t them a loose "wrapper," or Mm-ming-gnwn." Scc4 stamp for pamphlet entitled "Motion ss a Heme.it tl Agent." Address, World s DliPEHSAMt HEUfCAfa Association, Buffalo, H. T.

nv ICOMSUMPTION, - moni!tnue Iho fc JO Ofy M U ITI O 9. (urbolsle Pnuwwni I loot ngnU Inmrx U DEAFNESS. - t hraliug and mrfhii-g j rirOlllorC Ft an so cimitn'd itb "Jyi-fcvj, convert theta into a demw bGllt 1 166 vnnnr. Ttiwi to itJialti taki-n aiKai

right to the dmeasen parti Ks hrat.no hot water, imply inhaling or brtatliing it, and yon feel its heeling power at one. This treatmcot to endurted by physicians everywhere, and highly commeoaVd by tbcuflands, who have tiaed it with perfrct tatisfactioa. J- l l.L. TREATMENT sast.

BMUifMMon always amaranleedL

Whew writing far citrolar, mum thla paper. NATURE'S GREAT BEfMDYr For General Debility and Nerv ous Prostration. THE HOLM AN Liver & Stomach Pad There Is do known remedy that wiil so promptly and efficiently insure a healthy Stomach and Liver, and so thoroughly fortify tbe system againet the sudden changes of our climate, as tbe wonderful, vitalizing, healthgiving HOLM AN LIVEK AND STOMACH PAD. It is not a panacea for ALL the ills of life, - but is a most potent power for the relief and cure of many diseases that have and are now ' baffling the best medical skill of the land. A large per cent, of the human family die of dis eases contracted during tbe hot season, and It is this class of diseases, having their origin la. CONGESTION OF THE LIVER AND. SPLEENnd from t 'hich arise so many chronic affections, that we claim for the Holmani Pad Its greatest efficacy. f r is worn over the Vitals, the Stomach and Liver, the great seat of most all diseases. IT works by Absorption. Is two-fold in Its. . actions gives ajtd take:. I r absorbs and expels every particle of bioopoison, whether bilious, malarial, or medicinal. , I r gives to tbe System Nature's true tonic, - and is the greatest vitallzar tbe world has ever known, I I creates and keeps up a contln uous electrical action ; buikis up and restores the nervouasystem. . ,. . IT Is a certain cure for Fever and Ague, and all bilious troubles. IT is a sovereign remedy for Rheumatism and. Neuralgia. IT Is a fact, mcootestably proved in thousand ' upon thousands of cases, that the Holman Stomach and Liver Pad will do all that la claimed for It. TO Tlio PUBLIC BEWARE t Of Irauduleut ond poixouous Imitations. Buy none but tbe Holman Pad. It has stood the test. It bas the reputation, and is all that la claimed for It. EViRY IMITATION is an emphatic Indorse men t of the Genuine Article. A poor one la never counterfeited. Better be safe than sorry, and get the genuine. Buy none but tbe HOLM AN. OFFICE. With Wholesale and Retail Departments, Room 34 FLETCHER & SHAEPE'S BLOCK Indianapolis, Ind. BATHES .to II AN LEY THIS SAWING MACHINE, operated by one man, will saw off a 2-foot log in a minutes. Warranted the beet In use. Just the thing for sawing trees into saw logs. aafl cuts, 'gt, or stave block a. . Circular free. Was. CIXJS8, 741 W. Lake mU, Cktcapo, 10. Guaranteed By our Insurance jtear nf Investments in Ktock. Operationa we Insure Indemnity from loaa. No jivestmentsl .MiicWI'' or PrfvlWe" plans. iDTestmeats received rn Horn of $25 00 and upward. Corroanondence from stock operators solicited. DAM 18 MATNAED k CO.. .',.:'.! '. 48 Broadway, Kew Toik,?3 DayJr-$2 Sample Free-. IMm. Accaar. 171 BfPSOk STREET. V YOBX-. rOH SALE. IJOR HALF Two 12 acre lots t.f land ..on tba- ' ltockville road, 4 miles went of Indlana polls-one lot, three acres of timber: one iov four acres of timber; house, orchard, barn; Inquire on litrm. FOB SALE Matthews' Patent RenewaoU Memorandum Book. Send for sarnpls copy ana price iisi. pamui .rui ikj any address on receipt of fiuccnw for o. 1, oj 40 cents for Address, SENTINEL fMPAN Y. IndianapolisF OR SALE Matthews' Patent Reuewabia Memorandum hook lor ou cents tor a nr 40 cents for No. 2. Sample copies sent enywhere on receipt of price. Address. SKNTINKL COMPAN Y. Indianapolis. MI8CELLANEOTJS. 77 a month and expenses guaranteed to agta. 11 Outfit free. Shaw A Co.. Angasta Maine. Aaaa a mr ind Tnnaes to agents. Outfit 9 free. Add's P.O. VlCKKBY.Augusta.Mo FREE wiUwittt MCt me. frMU KalTr !-. MailcwL

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