Rensselaer Republican, Volume 20, Number 25, Rensselaer, Jasper County, 23 February 1888 — Make the Shares Worth Two Hundred DoHars. [ARTICLE]

Make the Shares Worth Two Hundred DoHars.

Persons who were disposed to take strong exceptions to The Republican's suggestion last week, in regard to the gas well, are requested to read Mr. Aliev’s well considered article on the subject of gas, in this week’s issue. Mr. Alter has availed himself of ample opportunities, and studied well the subject of gas, and gives good and cogent reasons for his ' ■"7 7 i— HiwirTi im-niv—nn ' ; ■ The congressional district convention to elect two delegates and. two alternates, to represent the 10th district at the National Republican convention, will be held at Delphi, April 19. The time and place for the convention to nominate a -eandldate--lor- Congressman and candidate and alternate candidate for Republican elector have not yet been arranged. Rensselaer is fairly entitled to this convention, and we speak for it now. o The district convention on ground hog day was held at Logansport. Convention No. 2 is called for Delphi on April 19. Later there will be another district convention to nominate Republican candidates for elector and con gress. Rensselaer asks for that We have a pleasant town, first-class hotels and clever citizens. We have never had the convention. Our Republicans need the good influences of the convention and the convention needs the good influence of our citizens. ~ Senator Sherman thus summarizes the results of President Cleveland’s civil service reform policy: “He has practiced the most gener - • al, sweeping removals in the public office's since the government was established. He found 2,359 presidential postmasters in office and he has removed or changed 2,000 [of them. His Postmaster (general, out of 62,000 employes under him, has removed 40,000. Out of thirty-three Ministers abroad the President removed or changed thirty-three, a large portion of whom are men distinguished in the war against the Union. Ont of 56,000 places he has removed or changed 43,000, and out of the 43,000 there are not fifty republicans among the appointees. For an administration that .banks on the idea of civil service reform this beat the record.

The Valparaiso Messenger, Bourbon Democrat as it is, gets mighty close to the truth in the following brief paragraph: JosephMediH,of theChieago Tribune, wants High-Tariff Blaine to run on a tariff reduction plat* formlsK President Medill is eraa

If there is a building and loan society in the, that’has its shares of less face valpe than 8200 we have never heard of it. There are good reasons this, and the sharesof the association just organizing in Rensselaer, should, by all means, be made s2o'9 each. The weekly installments will .be the same at 8-00 as if they were only 8100 each. And the only advantageous feat tire of the SIOO shares over the 8200 is that the latter will have to run two or thr.ee years longer before they pay out. But this one disadvantage, if it really is many advantages, on the side of the S2OO shares. The weekly < r monthly payment will be the same on each share whether it be $lO9 or S2OO. The cost of miming the Association will be the same, per share,-at $lO9 as at $230. The S2OO- share will be much better for members who Wish to borrow, for each of their shares will entitle th era io a. lorni of S2OO, im-tend of 8100, while the week'y installments by which he pays back the loan are no greater iij the one case than the other. The S2OO shares will bo much more profitable for the stockholders, as the loans will command better premiums, ami the money paid in on installments will remain longer at compound interest. In short, to sum up the comparative- value of the SIOO and lire S2OO shares, we may safely estimate tha: tlie holder of a SIOO share would pay upon it 870.0r.875 in installments and assessments, in between 5 and 6 years time, and would then get back SIOO. On the 8200 share the holder wouldpay froni S9O to 8100, in about 8 years time, and get back S2OO. A big adventage in favor of the 2001 shares,. In the 8100 share method yott- put-Bfo i ii, to- every 8100 you get out; in the 8200 share method you put only $.50 in, to every 81tKyou get out. The great difference results from the greater premiums paid for the.longef time loans; and the longer time, the paid in .installments aie drawing compound’ interest. em *SV WRA.MXXWABVWW ■ -Tlie-Tollowing is from the Shelbyville Democrat of the 6th instr ‘•So old Libby prison is io be taken from Richmond to Chicago and set up as a side-show to.‘the bloody-shirt circus to exhibit in that city next June. Well, let her go Gallagher. The building that was used for storing Yankees during the war has since served a similar purpose . for commercial fertilizers, so you may tear it dWn and carry it away if you will, but the scent of those twin geraniums will bang ’round it still.” < Nothing more outrageous than this has ever appeared in a Northern paper, and not, in recent years, in. any Southern paper. That the Democratic organ in one of the party’s strongholds in Indiana should thus go out of its way to insult Union soldiers shows the inherent baseness of Northern Democracy and its eagerness to do dirty work for the South. The memories of Libby prison are very horrible and yet very sacred, and such treatment of the subject as that above quoted argues a degree of partisan malignity 'lhat would be hard to find outside of the Democratic press of Indiana. The proposed removal of Libby prison to Chicago is purely a business venture, the intention being to set it up as a show, and the entire absence of political motive in the transaction make the comments of the Democrat all the more con-temptible.'-Indianapolis Journal?

The Duluth, Minn., Sunday Tribune, of the 12th inst, devotes its entire first page to glorifying a new press, just purchased for that paper. The press prints and folds 12,000 papers per hour, and more, if crowded and is, undoubtedly, a great and successful invention. The most interesting feet to people in this vicinity , connected withjt, is that it was invented and perfected by J oseph L. Cox, a former resident of Lafayette, and personally well known to