Rensselaer Republican, Volume 25, Number 31, Rensselaer, Jasper County, 30 March 1893 — Page 4

THE REPUBLICAN. ■ ■ 1 i ■■■ Thursday, March 30, 1893. ISSUED KVIRY THURSDAY BT GEO. 3=3. IuCA.K,SE3:-A.X-3L.. „ Publishbb and PboPßtbtob. OFFICE——In Republican building, on oorner ot-Washington and Wostoastteett, TERMS OF SUBSCRIPTION. One Tsar $1.50 Six Months 75 Three M0nth5."..'..;.....:' 50 Official Paper of Jasper County.

Call for Convention. The Republican voters of Rensselaer will meet in mass -convention, at the court house, on Monday, April 3rd, 1893, at 7:30 o’clock, p. m., to nominate candidates to be voted for at the ensuing town election for the offices of Town Treasurer, Town Clerk, Town Marshal, Town Trustees for the Third and Fifth Districts.

A VERY OLD FIAT MONEY FALSEHOOD.

Nq advocate of irredeemable fiat money has ever written, a twocolumn article in which, in some form, he did not make the statement that at the close of the war the country had $1,700,000,000, or some larger amount,of legal tender paper money circulation. Of course, Mr. Wolcott, in the long article in yesterday’s issue, injects the same statement, as follows: At the close of the late civil war, taking into account all government issues of bonds and other paper money having legal tender func,tions, and the notes of the national banks, the aggregate was over $1,700,000,000. Within the past fifteen years it has been shown by extracts from the official records of the period when these various issues of bonds and legal tenderfnotes were made, that the statement is grossly incorrect During the past year the Journal has on two occasions proved such assumptions as those of Mr. Wolcott to be without a shadow of foundation in fact and To show the error in Mr. Wolott’s statement the following extract is taken from the report of Mr. Fessenden, Secretary of the Treasury, dated Dec. 6, 1864: The whole amount of national circulation not bearing interest, exclusive of fractional currency, is limited to $400,000,000, subject to a-slight occasional-increase of $50,000,000 for the payment of temporary deposits. Of the five-per-cent, interest-bearing notes there was outstanding Nov. 1, 1864, $120,519,110. To a considerable extent these notes have been and will be used as currency * * * The total amount of interest-bear-ing notes outstanding Nov. 22, 1864, was $210,222,870. What proportion of these may be considered as an addition to the circulation, I am unable to determine. The amount of legal-tender paper which could be used as money was largest Aug. 31, 1865, as appears from the report of the Treasury Department, and was as follows: United States legaltender n0te5..5433, 160, 5(9 Com pound-interest notes 217,024.160 Five per cent, legal-tender notes.! 33,954^320 Total 1084,189,049 The other forms of currency in circulation as money and changeable into legal tenders were: Fractional currency $ 20,844,742 national ban* notes . 1 46, 187,800 T0ta1.... $172,48^,602 Of course, Mr. Wolcott and all fiat money advocates include in the legal tender money of that period the $830,000,000 of seven-thirty notes. These notes were not legal tenders, nor were they used to any extent as money. On the contrary, they were put upon the market as a loan after the limit of legal tender iflsne had been reached. They were as mnch bonds as the five-twenties into which they were subsequently refunded. Like the five-twenties and other bonds, coupons were attached. Like them, the denominations were of SSO and upwards. The only difference between the seven-thirties and the five-twenties was that the

Interest onthe latter was payable injcoin. To show that those who issued the seven-thirties regarded them as a loan, rather than money, the following extract is quoted from the report of Secretary McCulloch, dated Dec. 4, 1865: The seven-thirty notes had proved a popular loan, and although a security on longer time and lower interest would have been advantageous to the government, the Secretary deemed it advisable to continue to offer these notes to the public. No loan ever offered in the United States, notwithstanding the large amount of government securities previously taken by the people, was so promptly subscribed for as this. Of course, the foregoing is conclusive, and satisfies all except the advocates of fiat money, who ignore all facts and continue to repeat their oft exploded falsehood. Their conduct in this matter proves that they either can not grasp a fact or that they are persistently dishonest,—lndianapolis Journal.

IROQUOIS DITCH.

WITH SOME OBSERVATIONS ON THE NEW DITCHING LAW. Mr. Editor: In October 1892 some three score land owners filed an appliication, by signing a petition and bond for an improvement of the Iroquois valley above College street in the town of Rensselaer, Ind. The law included in said petition such side, lateral, spur and branch ditches as would fully secure the object of the improvement petitioned for. Each petitioner asked an outlet reasonably convenient to his own land, on the best route. The petitioners’ lands are located in eight congressional townships and the improvement prayed for is of no small magnitude. The questions now up for discussion and to be settled by the Board of Commissioners next week, are as follows: 1. Does the report of the viewers show the best route for drains which, when constructed, will secure fully the object of what the petitioners asked for? 2. Can a sufficient outlet be secured on the route proposed so that all laterals can be provided with an outlet by building the main ehannel?

3. Will the improvement on the lines reported be conductive to the public health, convenience and welfare or is it necessary to improve and drain any lands, roads or railroads? The viewers have agreed upon the affirmative of each proposition. The matter comes up in review before the Board of Commissioners next week and the Board must be convinced and find: 1. That there is sufficient outlet existing or that such outlet will be provided by the improvement to drain the lands of those who signed the petition and bond. 2. That the improvement ought to be made; or else the application will be dismissed at the cost of the petitioners. In examining these two questions the Board will necessarily have to consider the rights of every petitioner, wherever he owns land.

If the Board orders the improvement to be made, two viewers at two dollars per day will proceed to prepare an assessment roll of benefits and damages by reason of the proposed improvement. An engineer will proceed to level, grade, profile, plat and estimate the work to be done at three dollars per day. The viewers and engineer must file their report within thirty days after the engineer’s work is completed. This report is brought before the board of commissioners after personal notice to each land owner who lives in the county, and by publication as to others mailing copies to known addresses. Should this second report be approved the contracts for construction are let and reported to the court for approval. The court then issues and sells bonds sufficient to repay all costs, which the county has paid, pay the damages and the contractor. The law requires that the lower portion of the drains shall first be made and in case of an extension improvement like this only enough bonds need be offered at once to pay for the lower seotion and others be sold as needed. If therQ are no formidable objections the lower section of the improvement can be completed this year.

The logic of the situation only for the subsidence of all passion and that reason baptized with a Holy public spirit have full sway. The location fixed npon across a tract of land may not quite suit the owner if : ilr runs diagonally. Any land owner would like the ditch to ran like a fence or road so as not to damage his land. The viewers and court however took at a ditch from start to finish and the effectiveness of the ditch as a whole demands that selfish notions be brushed away. The law, Sec. 16, requires of the viewers to avoid diagonal lines if the ditch is not made less effective. Each has a right to damages estimated on the basis of .quantity and direction. Sec. 5. The whble environment must be studied as every man above demands the “nearest and the best route.” Men may come, and men may go, but the ditch goes on forever in the same channel, if it be the best route.

Each petitioner’s purpose has been and still is to help make an improvement which the citizens of this town and this county can enjoy as a benefaction for all time. To reach a correct conclusion each of us must from necessity make haste slowly in a matter of such extensive public importance. A public ditch like a public highway before its construction must be located by the proper authority in order to avoid civil and criminal prosecutions so often provoked by a merely private ditching enterprise however well meant it may be. The constitution requires that compensation for right of way in a work of public utility can be assessed and tendered to owners of property. Sec. 66, R. S. 1881. By legal ditch proceedings we can avoid the penalty for trespass and obstructing highwaya Sec. 1565, Ell. Sup. 115 Ind. 417. There are always three items of cost in any public improvement to-wit: 1. Damages ta property. 2. Expenses of location and supervision. 3. The labor of construction.

These items are provided for in the law of 1891 on definite formula and fixed schedules of prices. After the contract is let, the surveyor and auditor perform the necessary duty of receiving and paying for the work at public expense and the county retains the money realized from sales of the bonds. Sec. 11,12 and 13. The county advances the expenses until the bonds are sold when the money realized goes into the treasury to repay the expenses, pay damages and pay the contractor. It is the settled policy of the law that interested persons shall not act, except by consent of all, as viewers. The viewers under this law are requirod to be disinterested persons. It is said that some of the petitioners wish to change the method of procedure now and commence a new procedure under the law of 1893. In order tp decide whether such a change would be desirable I have studied the law of 1893 as carefully as I could in the brief time I had to spare from my other duties. President Lincoln in plain phrase uttered a homely truth quite appropos to the present condition of the project:—“lts a bad plan to swap horses in the middle of a stream.”

So Unless the law of 1893 is much better, fairer and cheaper there is no merit in a swap. To the end that those who desire to do so may compare the laws of 1891 and 1893 we submit the following comments on the basis that under each law the same work is to be done with equal fairness to all concerned and effectiveness in results. If the whole district be not organized on petition it would have to be annexed from time to time and the prospect would be that years would elapse before reaching our present vantage ground. The law of 1893 would work nicely in a small neighborhood where but one line of ditch was contemplated and where the viewers and land owners were all a& friendly with each other as David and Jonathan were said to have been. These conditions do not we are sorry to say, here prevail. The territory is large; the relative location and quality of land not similar. The law of 1893 provides three instead of two officers at the same price, two dollars each per day. Sec. 3. These officers have full authority to employ assistants, engineers and attorneys without limit as to number or price. Seo. 12. There is no provision for payments to employes before incorporation is complete. Ooncediug that assistance under the new law of 1893 would cost the same (and it would coat more) as under the law of 1891, there is still two dollars per day In favor of the law of 1891 for the same labor.

(Continued on next jmg e.)

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CLOTHING- DEPARTMENT . . "•'M' . Complete and we are now prepared to show you the handsomest line of the best styles and best made clothing in this part of the state, and at such close prices that no competitor can afford to meet. IT ATTRACTS ALL EYES. A full line of Cones’ Worlds Best Pants, Shirts and Overalls.

DRESS GOODS. The finest line of Dress Goods in the county. 40 in. Changeable silk and wool glace, value.... $1.50 our price $1.15 46 iD, Epingeline, all wool value 1.25 “ “ .95 40 in. Poppeline, value.. 75 “ “ .52 36in. Cashmere, value... 25 “ “ .16 28 in. Half wool stripe cashmer9. value 15 “ “ .10 32 in. Satin gloria, wash goods, value 20 “ “ .12J Alpine suitings, value 20 “ “ .12£ Bleached muslin, shirting, flannel outing 6£ “ “ 5 Clarence carpet warp, all t colors 20 per lb. Best apron gingham made value 8£ our price 7

THE ONLY COMPLETE £ Carpet stock in town, not samples, but carpet by bolt. Best body Brussells value $1.25 our price $ .85 Best tapestry...... value .95 our price .65 Best ingrain value .75 our price .58 Good union . . .yalue .50 our price .35 Cotton and hemp,.. value .25 our price .18 Carpet parlor up stairs. Trunk and valise room up stairs.

COMPLETE LINE Ladies’ muslin underwear, hosiery, embroidery, linen, laces, gloves, cbenile, portieres and cov ers, neckwear, umbrellas, handkerchiefs, tin and granite ware. A museum of 5 and 10 cent counter goods. O&rpet tacks, Boz, lc per paper, olothes pins, lo per doz, 6 one pint tin cups 10c, 14 qt I C tin pails 18c, 10 qt 14c, 6 qt 10c, etc.

CHICAGO BARGAIN STORE

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All The Latest Novelties In Ladies’ wraps, jackets with capes, and tripple capes, infants cloaks etc. at special low prices, From sl-35 to $lO and sl2, Valueabout one third more elsewhere. SUPERIOR ’ l« CiO.LEIncluding about 12 styles of the popular FEDORA.

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