Rensselaer Union, Volume 7, Number 44, Rensselaer, Jasper County, 22 July 1875 — Page 4

TOE RENSSELAER UNION. Thursday, July 22, 1875.

Report has it that Judge Drunimund of the United States Circuit Court, has ordered the sale of the Wabash and Erie canal. John Morrissey is willing to bet that Elihu B. Washburn will be the next Republican candidate for the Presidency but he is not so confident about his election. Tipton county boasts that she h to have a ditch seven miles to cost $6,000. Without bad hick Jasper county will have forty-four and a half miles of ditch in two Congressional townships,estimated to cost nearly $35,000. Mr. Hawks, the contractor for the Rensselaer and Kankakee link of the C. &S. A. R. R.. bits resumed work on his portion of the line, the difficulty which was reported between him and his bands having been amicably settled.— Monticello Herald. Not a word of truth in the statement—not a single word. . At Brookston, says the Reporter, are many fair-weather Christians who wouldn’t go to church through a heavy dew, but would swim to attend a circus. Possibly their partiality is to be ascribed to a discriminating taste. The programme and acting may be superior at the latter place.

J. J. Talbot has issued the prospectus of the Advance Guard, a new publication to be started at Indianapolis soon in the interest of the Good Templars of this State. Among numerous other contributors will be Hon. Schuyler Colfax, Hon. William Cumback, Hon. William Baxter, Luther Benson, Miss Au retta Hoyi, etc., etc. Subscription $2 per annum in advance. Lightning struck the Democrat building this (Wednesday) afternoon just as we were going to press, and we stop for an item. The bolt entered at the front corner, and, ripping loose the boards, entered the composing room and knocked George Grinnnet to the floor, and stunned Mr. Maddock’s boy. Passing on down, it struck Frank Boynton, who was leaning against the tn mt door frame, and knocked him senseless. However he soon recovered consciousness, and, although badly shocked, will recover. Mr. Willoughby also felt a touch of the electricity, but was not hurt. It was a narrow escape for all who were in the building.— Fotoler Herald. Of course, nobody was hurt. Auld Clootie takes too gude care as his aim to permit lightning to k’H a Democratic editor.

About as spicy a paper as conies to this office, is the new Fowler, Indiana, Dtmoerci. It is edited by Wm. B. Maddock, Esq., who is a lively v?riter, and understands how to present local items in a concise, crisp and interesting manner. The only disagreeable feature about the paper at all prominent, is its politics, which are illiberally and disgustingly Democratic, of the nncompronus’ng Bourbonistic school. The mechanism of its pages is excellent, giving it a neat and artistic appearance. Altogether, barring politics, it may be called a first-rate counuf newspaper, and one of which the proprietor and his patrons may justly be proud. It is worthy of a generous support, and we wish it unlimited pecuniary prosperity.

Wendell Phillips upon an Increase of the Currency.

In a recent letter to the editor of I the Boston Journal cf Commerce,'. Mr. Phillips advances the following] ideas respecting the results that would follow' an increase of currency sufficient for the demand® of business: You invite me to read Mr. Amasa Walker’s article on the currency. It was unnecessary. I always read 1 every line I see written by an oppo- ! nent, and (especially bv my friend! Walker. You offer to print any reply or criticism I wish to make. I suppose Mr. Walker will say it is not yet time to criticise him. What heprints in your issue of July 3 is only an in* production orpreface to something he has to say. To consider it a com piece plan or substantial statement won kt be unjust to him, since, so considered, it is simply absurd. Mr. Walker’s plan, Ao far as he has yet opened iU is for the world to give up all credit and return to a system of naked barter. According to him, no may buy wood, coal, iron or wheat "unless he stands ready to exchange gold for it. This is worse than the times of Solomon or the Trojan war. Then you could buy wool with leather, or wheat with iron. But Walker allows no one to buy anythingexeept with gold. Before you enter any market you must have gold in your hand, or a

certificate that you have just left your gold in the keeping of the United States. Of course this is absurd in our century. One might as well ask travelers to give uu railways and go back to ox-carts as to ask trade to give up credit and go back to barter. Yetthis jis exactly Mr. Walker's proposition as at present stated. Patterson tells us (Science of Finance, pp. 5,6.) that in Great Britain gold supplies little more than one-half per cent, of the currency, and bank notes and coin together make only three percent. A New Haven journal told us, two weeks ego, that a check for SBOO passed through seven bands* and paid seven debts of that amount before it was presented at the bank counter. Five thousand six hundred dollars worth of business done by a slip of paper which had no relation to or connection with gold. It rested simply and entirely on credit. The exchanges effected at the New York Clearing House were $38,000,(W,OOO in the year 1569. What a use- ; less burden to insist that ail this amount of business shall be donfc-wilh actual gold coin I We must therefore use credit; which is but another name for paper money i in its different forms—bills, checks, i notes, ere. We propose to use the credit of the i nation as the basis lor this greenback 'currency —exactly &s the so-called 1 specie system o.’Great "Britain does. What forms the basis of the currency l of Great Britain? Gohl? No. The first 30,000,000 of bank notes issued by the Bank of England do not under* take to represent specie. They represent so much money owed by the government to the bank; in other i words, they represent government bonds, never para and never expected to be paid. Precisely that is the basis we ptoi»ose to have for our greenbacks —the natiom. When the Bank of England nearlv touched bankruptcy in 1825, 1833, 1837, 1847, 18-57, and 1566 —what did she ask of thegovermnent, the loan of gold? No. She asked for the issue of exchequer bills —that is, substantially, government bonds. We mean to have greenbacks, at all times convertible into government bonds,at a low fixed rate of interest, such greenbacks to constitute the whole currency of the country; all banks forbidden to issue bills and confined to the function of receiving deposits and making loans. * No bulllonlat will maintain, to-day, that iii« theory means our return to actual, simple barter; the exchange of one species of merchandise —gold—for every other species, whenever a sale Is made. Every one of our readers will allow that we must use credit. Credit means greenbacks, bank bills, checks, deposits, gold certificates, etc. The only questions are: 1. How many of these shall beallowed; that is. what amount of currency shall be allowed? 2. Upon what shall they be based — upon gold or some other security? To the first question we answer, the business of a country always settles the amount of Its currency. No matter what be the formal or supposed system, sjwcie basis, or paper, the above statement remains always inevitably true. Great Britain pretends to settie that after thirty millions of bank bills, based on government bonds, no more paper currency shall exist which does not represent actual sovereigns deposited in the Bank of England. But the merchants created of themselves currency enough in 1869 to effect exchanges at the London Clearing House amounting to $17,000,000.000!

Our paper money banks and government supposed that they had limited the currency to somewhere about 800.000,000. But the merchants, in ISC9, created enough currency in the shape of notes, checks, aud certificates of deposit to effect exchanges in New York amounting to 38,<X>3,<>00,<MK). The fact is, the democratic principle governs trade. The day when governments, or the upper settled how much bread should be' made and what should be h < price how much gold lace should be made and who should make it—has passed away. Who would dream to-day of choosing five hundred bank directors to settle how much coal should be mined, how much wheat planted, and how much eouon cloth made? Supply and demand settle such questions, and the world recognizes lht\t so such things are best settled. Banks and Secretaries of Treasuries imagine they determine the amount of the currency J As well might Old Probability churn that he deteimined the weather. He aud they oniy record what mighuier forcesoo. Business creates just such, and just so much, currency as it needs, everywhere and at all times. You will ask, if this be so, why are not you greenback men content? I will tell you. At present only large capitalists, banks, and the favorites of banks, can thus create currency. It is a monopoly—a very close corporation or ring. When half a dozen Rhode Island banks failed, and their ■ books were exposed to the public gaze, Iwe saw that one great firm —the 1 Sp.agues—had borrowed all their , funds. At present this’>ower of mak- ! ing currency is confines to banks and ‘ their pets. We mean the whole peo.i pie shall enjoy it. Whoever can , p’edge property shall be entitled to a (certain proportion o' its value in . greenbacks. The system will not inI crease the currency one dollar. It I will only give us moregreeabneksand ( fewer cheeks. Cheeks a:e ai istoerat ic, green backs are democratic. It will ■ put the man with SI,OOO on a par with (a man who has $1,000,000. so far as , using his means is concerned. It will regulate interest better than gold and the Bank of England can do. No holder of a greenback will lose a dollar while the Union lasts, and that is all the English claim, viz.: that no holder of a Bank of England note will lose* a shilling while the Empire sttmdfc

No One Expects It.

No one ever expects to see gold take the place of paper, as a circulating medium of exchange. It is the wish of all that paper money, which must always remain the occupant of this field, shall be put upon such footing of certainty as Mrflfll secure that confidence which gives equality in value and purchase

ing power with gold. That is all. The prosy disquisitions. which are written on the “value of the gold ' dollar over the paper dollar,” , are pointless and fruitless discussion of a question on which there is no difference, and tend no more to the solution of the method of securing a good paper currency, which; all agree we must have, than the theories about the habitability of the moon tends to explain the phenomena of spots on the sun. We repeat, that intelligent inquiry, agree about the abstract question of the value of gold, which never can become a circulating medium of exchange, all again agreeing, is seeking some practicable method of giving paper an equal value. The paper dollar which promisespayment m golden demand will secure confidence and be of equal value 1 with gold, when a practical test is -made by presentation and payment in gold. All candid men must agree that the ratio of one dollar of gold to four of paper, even—the I limit of theory of specie payment —is not possible now, nor will it probably be soon, for our gold-in-terest debt exports all we produce and receive in exchange in our trade with Europe. This very fact, the impossibility of basing our paper currency on something we haven’t got, and can’t get, is impelling inquiry to other methods of securing the value, and therefore confidence in —our currency. Right at this point we are met by the manipulators. not tlie producers of wealth, who fight for the field they occupy; and out of the confusion of prejudice,for old methods, personal interests and narrow general views of the question, all manner of opinions and theories are maintained, without any very distinct understanding of them even by those who hold them. It is noticeable that the bullionists maintain their theories in just two ways: By denun eiation of those who do not agree with them, and by pointless maunJ dering about the “value of the gold dollar” in which no one disagrees. Whilst the denunciation is relied on to persuade the thoughtless of their wisdom, their maundering about an abstraction is to confuse shallow thinkers.— lndiana Farmer.

Int erest; How to Calculate it, and What it Will Do.

The following rules are simple and so true, according to all business usages, that every banker, broker, merchant or clerk should post them up for reference. There being no such thing as a fraction in it, there is scarcely any liability to error or mistake. By no other arithmetical process can the desired information be obtained by so few figures; per cent. — Multiply any .given number of dollars by the given numbei of days ot interest desired ; separate the right band figure and divide by six; the result is the true interest on such sum for such number of days at six per cent. • A’./zAZ per cent.— Multiply any given amount for the number of days upon wbich.it is desired to ascertain the'interest, aud divide by forty-five, the result will be the amount of interest of sum for the time required, at eight per cent. per cent.— Multiply as above, and divide by thirty-six, and the resist will be*ihe amount of interest at ten per cent - Win I it wid do.— ls a merchant or a saves only 2| cents a day, fi om the lime he is twenty-one until he is threescore and ten, the aggregate, with interest, will amount to $2,900; and a daily savitljFof, cents reaches the important sum of $39,000. A sixpence saved daily will provide a fund of s7^o0 —sufficient th purchase a good farm. There are lew employees who cannot save daily, by abstaining from the use of cigars, tobacco, liquor, etc., twice or ten times the ten cent piece. Every -person should provide for old age, and the man iii business who can save a dollar a day, will eventually find himself possessed of over SIOO,OOO. '

Growing Roses.

“An Old Rosorian” says: “Roses require a strong soil, highly enriched with good rotten manure; an open situation and loamy soil for ; the strong growing, hardy kinds, and a protected aspect and light soil tor the teas and other tender ! varieties, 'lhe hybrid perpetual® , in ray judgment are the most desir- ] able among the hardy roses, as they are the best for all the various purposes to which they arc applied in garden and lawn decoration. The teas, however,qare the diamonds par excellence of the race, although needing great care in their culture. 1 advise that they be grown in pots, and sunk in the ground during the summer, aud removed to a cold frame or greenhouse during the winter. If left remaining in the open ground,-they should staud on the south side of a wail, fence, or hedge, and on theapproach of cold weather, receive a covering in the form.of a shed open to the south,

and the plants have a liberal supply of manure over the surface of the ground, and plenty of leaves the whole plant. If joses are set out in autumn, peform the operation very early m November, so as to allow the roots to obtain a hold in the soil before cold weather. Give them a thorough dressing of manure to protect against sudden changes. Choose a dry day for planting, the drier the better. Be careful to tread the soil firmly around the plants; this is very important. A cloudy day is the most desirable for retnoval; and moisten the roots first, to be followed by a thin coat of dry earth over the fibers.”

G. W. T. of Iowa.

The subject of the subjoined resolutions was a resident of Jasper county, three or four years since, having been a citizen for a while of Remington and Rensselaer. It will be remembered that Mr. Pugh was conspicuous while here for his zeal in the temperance ciuse. The resolutions were published in the Telegraph, of ..Atlantic, lowa, June 14th,: Whereas; Bro. James Pugh has been elected Grand Worthy Templar of the State of lowa, thereby causing him to tender his resignation as Worthy Chief Templar of this Temple, therefore be it Resolved; That the thanks of this Temple be and are hereby tendered him for the able manner in which he has filled the office of Worthy Cnief Templar of this Temple. Resolved ; That the many efforts in which he has sought to advance the good and welfare of this Temple, and the cause of temperance, are by us duly remembered and appreciated. Resolved; That he will carry with him to his new position the well wishes of this Temple, and the Grand Temple has gained one well qualified and able to fill such an honorable position with credit both to himself and to our holy cause. Frank O. Clark. ) B. S. Phelps. I Com. Wm. B. Stafford.)

Summer Pruning of Grape Vines.

The scarcity of orchard fruits this season, says the Ohio Farmer, will render the grape crop ot more value than usual in the estimation of most families, and hence it is desirable i hat some pains should be taken to make the crop as good as possible. Most farmers and others who have, only a few grape vines are apt to give no attention to their summer pruning until they find the vines are become a tangled mass of shoots and leaves, hiding the fruit from shiht and from the sun and air. Or, if the vine is so fortunate as to have plenty of space to spread itself, it is allowed to bear more fruit than it can bring to maturity. In either case the crop is damaged and fails to ripen if it does not mildew or rot. Two things, therefore, are of importance to be kept in view at this season: First, to remove surplus shoots while they are young and small, and tie up such as have fruit and are to remain, but leaving no more of these than there is room for without crowding. And second, to pick oil from onethird to one-half of the bunches of fruit as soon as fairly set, if the vines are at all full. This is a duty which few persons are willing to perform, aud only those who have learned by experience its advantages are likely to do it at all faithfully. It is difficult to lay down rules for trimming grapes, or any other fruits;4t is best learned by experience. There is little danger of taking oft' too much; and the improved quality of what remains is pretty sure to compensate for all that is removed. This is especially true of varieties like the Delaware and IffiTa, that are not strong growers, and are disposed to injure themselves by overbearing. In a majority of cases it is an advantage to remove one-half the fruit that sets on these vines. Such kinds as the Concord, Hartford, and Rogers’ Hybrids, if quite vigorous and having plenty of space, may be allowed to carry most if not all their .bunchesof fruit. In nea ly all cases it is best to remove all over two bunches that may set on one shoot; generally the two lower ones are the best to remain, and the third should be removed. Whenever the shoots or bunches of fruit are likely to crowd and injure each other some should be cut away. This work should be commenced as early as the blossoms are off and the fruit formed, and better still if the removal of surplus buds and shoots is begun before the blossoms appear. It will be difficult work after the shoots get large and the tendrils fasten themselves; besides, it is an injury to remove from the vine as much foliage as will need to be done if delayed till after the growth is much advanced.

The monopoly journals are determined that they will not be forced to a discussion of the real merits oi the currency question. They constantly refer to the greenback movement as an “inflation” movement, while in fact there is no inflation in it, and this term is only used to cast dust in the eyes of the people. The platform of the Ohio Democrats is not an inflation platform, and yet lhe cardinal currency reform ideas there embodied have no other name in the columns of the money-mongers’ papers. All that Is said in that platform with regard to the volume of the currency, is that it “shall be made and kept equal to the demands of trade.” Will some specie dr national bank advocate put himself on his record as favoring a less volume than the demands of trade require? If there is’now, as they claim, too much jnbney, then this platform is a “contraction” platform.—lndianapolis Sttn.

In tbc United States the deepest artesian well is that bored for the insane asylum at St. Louis, Mo. This has reached the enormous depth of 3,043 feet, or in that locality, 3,000 feet below the sealevel. This would give a water pressure at the bottom of 1,293 lbs. to the square inch. The deepest bore in the world is one, begun as a rock salt mine and yet uncompleted, at the village of Sperenburg, some twenty miles from Berlin. Its present depth is 4,194 feet. In the Desert of Sahara some sev-enty-five shafts have been . sunk, which yield an aggregate of 600000 gallons per hour. The effect of this supply is said to be plainly apparent upon the once barren soil of the desert. Two new yillages have been built, and 150,000 palm trees planted on more than 1,000 nc.w gardens.

Advertiser’s Gazette. A Journal of Information for Advertisers. Edition, 9,600 copies. Published weekly. Terms, $2 per annum, in advance. Five specimen copies 'different dates) to one address for 25 cts. Office, No. 41 Park Row, New York. GEORGE P. ROWELL & CO., 7-37 Editorsand Publishers. ,— THE NEW YORK TRIBUNE. “LEADING AMERICAN NEWSPAPER.’’ THE BEST ADVERTISING MEDIUM. Daily $lO a year. Semi-Weekly $3. Weakly, $2. Postage Free to me Subscribers. Specimen Copies and Advertising Rates Free. Weekly, in clubs of 30 or more, only sl, postage paid. Address 7-37 The Tribune, N. Y.

Cheap. Practical, Durable, Efficient. Two men and oije span ot horses can haul and stack more hay with the Hoosier Hay Slide in one day, than five men and two span of horses can in the same time with any other appliance. Easy to load, and unloads itself. Price, 7-foot Slide, $7 ; 8-foot, SB. A. J. REED, Pleasant Grove, Jasper County, Ind. Agents:—F. W. Eedfotd, Rensselaer, Ind. Hubbard & McFarland, Francesville, Ind 44

LET THE LOUD-MOUTHED CANNON ROAR! DEACON TUBBS Founder of the Old Line Drug Store And all his men have been heard from. They have crossed Washington street, fortyfive degrees southeast of their old stand, aud taken up quarters in THE NEW BRICK BUILDING At the point of the bayonet, after six months of heavy bombardment, and now have peac-» able possesion of the position where they calculate to remain and do business, unless dislodged by the enemy, which event, from the best information we can obtain, is not hkelv to transpire very soon. They have a very large assortment of " • DRUGS, MEDICINES, STATIONERY BRUSHES, GROCERIES,&C. All of which will be sold low for cash. You will find Deacon Tubbs end the two imps Frank and Will as busy as bees in clover fields compounding aud putting up medicines, while the handsomer and more proficient MAJOR MUCKLESWORTH Is standing guard on the other sice of the house, handing out Books, Pens and Paper, and wrapping up Soothing Syrup, Wallace’s Bitters, Indian Cholagogue, Climax Salve, HOSS POWDERS, Stove Polish, Roback’s Pills, Vinegar Bitters, Itch OiutrueAt, Anderson’s Dermador, Uncle Beu Joe's Bell Tongue Syrup, Hair Oils, Pepper Sass. &c., tec. Come all and see us in our New Brick Store —we will sell Drugs, Medicines,Paints, Oils, Varnishes. Dyestuffs and Groceries cheaper for cash than can be bought in any other house in town. UARDIHG & WILLEY.

_A. J- REED'S HOOSIER HAY SLIDE One of the Greatest Labor-Saving Machines yet Invented for the?Hay-Field.

THE (Illi.U 1 COKMiII. People who trade in Jasper County, and all others who may be interested, are hereby informed that the place to buy Dry Goods, Clothing, Groceries, Notions, <fcc., is on the northwest corner of Washington and Vanßensselaer streets, in Rensselaer, at .. A. Leopold’s Store. My stock of Dress Goods is the largest, most complete, best selected and lowest priced ever brought to this place, and includes a fine line of

SILKS, LUSTRES, MOHAIRS, MERINOS Alpacas, Prints, Pongees, Poplins, Reps, Scotch Plaids, Empress Cloth, Waterproofs, Ginghams, <fcc. My stock of Men’s and Boys’ Coats, Pants, Vests, Overcoats, either by single articles or in suits, cannot be excelled in finish, quality or cheapness. r I not only make a specialty of READV MARE CLOTHING but also keep an extensive variety of Tailor’s Goods, such as Broad Cloths, Doeskins, ' Casimeres, Tweeds, Jeans,. Vestings, Ducks, Denims, <fcc., by the piece or yard. * Also, brown and bleached MUSLINS. TICKINGS,

Sheetings, Table Liner, Oil Table Spreads, beautiful Stand Covers, Crash Toweling, Bed Spreads, Wool Blankets, Cotton and all Wool Flannels. Balmoral and Felt Skirts, Knit. Goods for men, women and chib dren, ladies’ and gentlemen’s Underwear, Hosiery, Gloves, Pocket Handkerchiefs, &c. BOOTS AND SHOES. The public are respectfully invited to call and inspect my large and superior stock of leather, rubber and serge goods, for men’s, women’s and children’s foot wear. My stock in this department is unsurpassed by any in the market. GROCERIES. In connection with my other goods I shall keep a select lot of choice Staple Family Groceries, including Sugars, Teas, Coffees, Starch, Spices, Soaps, Dried Fruits, &c.; also a splendid article of Tobacco, both for chewing and smoking. ~ All the above enumerated 7 articles, together with thousands of others we have not space to name here, will be kept in stock and sold at the lowest reasonable prices. When you want bargains in Dry Goods, Clothing, Groceries, Boots, Shoes, Hats, Caps, Notions, <fcc., go to -A. LEOPOLD’S CHEAP CORNEIL