Saturday Evening Mail, Volume 28, Number 19, Terre Haute, Vigo County, 6 November 1897 — Page 6
6
DEALING IN FUTURES
THE PRACTICE DEFENDED BY HON. D. R. FRANCIS.
Interview With JI Who Knows AH About Grain Speculation—The Danger of "Corner#**—Claims That "Future" Trading Help* the Farmers.
[Special Correspondence.!
ST. LOUIS, NOV. 2.—"The man who goes into a wheat corner loses money." So says the Hon. D. R. Francis, exgecretary of the interior. Mr. Francis probably knows more a boot grain speculation than any man in pnblic life today, and he speaks with authority. "There was'Old Hatch' in Chicago," continued Mr. Francis. He ran corner after corner in gTain, and he became a pauper. There was John Inman in New York. He had made a fortune of several millions in cotton. Two years ago after a short crop he undertook to corner the cotton market. They unloaded so much cotton on him that it cost him half his fortune, and he died within six months. This is a large country, and the man who undertakes to corner any of its products has a pretty big contract on his hands. "Corners." "The -first money I ever made was made in an oats deal. It was $15,000, and it seemed a very big sum. I have been in several other corners, and almost invariably I have lost. In 1882 four of us ran a corner in wheat and
IV
"IT WOULD TUT BUSINESS BACK TWENTYKIVK YEAKS."
put tho prioo np to $1.68 a bushel. The shorts got angry aud went to Toledo, Indianapolis and evory place where thoy could find wheat in tho hands of lnorchauts or farmers or millers, and they borrowed it for 60 days. Wheat began to pour in on us, and the price went down nearly 50 cents a bushel. Tho shorts lost money on tho deal, but BO did we. My share of tho losses was $56,000." "If corners are so unprofitable," I asked, "why do men run tliem?" "They are forced into it," said Mr. Francis. ''Noman starts out deliberately to corner wliout or anything else. Suppose .1 have bought 100,000 bushels of wheat for fntnro delivery. Some man on 'cbango, in tho vernacular of the street, starts in to 'make me sick' by selling J00,000 bushels at a quarter or half a cent below my price. I have the saino contklenco that wheat will go up, nnd to protect myself I buy tho other 100.000, If ho offers another lot at a half cent less, I bug again. After a time 1 ooucludo that the sellers aro going short of tho market—selling stuff they haven't—and when I find they have nothing to deliver I very naturally try to put tho prioo up. Of course if the other man had sold only what ho had and could deliver the wheat, thero would be no corner." "IIow does tho comer in grain affect tho outsider?'' 1 asked. "It benefits him," said Mr. Fraucis. "It puts up tho price of grain, and ho gets moro for his product than ho would under normal conditions. Iu tho caso I just quoted to you all the farmers and grain dealers and millers from whom wheat was borrowed made money. The railroads got a big sum. Tho men who lost were those who were iu tho deal."
Speculation and Prlcei,
What is the general effect of grain speculation on the priee of grain?" "I think it makes tho price of grain higher than it would bo otherwise, and the farmer gets tho benefit of it One rensou for that is there ore always more bulls than tears* A man who is new to speculation is always more likely to buy than to sell. Ho is like tho follow iu Kobson's play, 'The Henrietta.' When they asked him why he hadn't sold 'Henrietta,' he said: 'I'm going to do that today. I bought it yesterday. I couldn't sell it till I bought it, yon know.' Tho man who goes into grain trading can't accustom himself at first to selling something he doesn't own, and he is tnuoh more likely to buy than sell. That really works to kefep the price of grain above the normal. Then the ease with which grain is handled under the system of baying and selling for future delivery makes it possible for the farmer to gel abetter price for his crop than he could possibly obtain under the old conditions, "The prim of grain are sent by the Western Union Telegraph company two or three times a day to every railroad station where there is a wheat buyer. When the former comes to the buyer and says: I want to sell my crop. I shall begin harvesting next week and I'll have about so many bushels,* the buyer can figure out exactly the priee which bo can afford to offer. The buyer knows that Hie price of October wheat ia, say, 88 cents in St. Louis. He knows that he can wire me and 1 trill buy one or two or throe carloads at that figure for delivery in October. He knows just •what it will cost to ahip it He esti
mates the shrinkage, and after deducting 2 or 3 cents a bushel for his profit he can make the farmer a fair price for his crop. Now, if that man conld not sell to me in advance of delivery, he could not handle the grain on anything like a 2 or 3 cent margin. He would have to offer the farmer 50 or 60 cents under the cash price because he would take the risk of a falling market in the time it took to harvest the wheat and get it to St Louis. "Dealing in futures is good for the farmer in another way. The wheat crop, for example, comes to market in July and August During those months the markets are always glutted with grain. The millers who were the chief buyers of wheat used to get together and agree not to pay more than a certain figure for No. 2 wheat, and often because of this combination the price dropped 5 cents a bushel in a day when the receipts were large. Now the millers cannot control the market. If they don't want to pay the cash price for wheat in August some one else will buy that wheat and sell it for, say, December delivery at a price which will pay storage, interest and insurance. That insures the farmer a fair market for his grain at any season "It would put business back 25 years
if
dealing in futures were prohibited. Today the world is one great market for grain and cotton. Liverpool, Hamburg, Paris, New York, Chicago, St Louis, are all one. I buy in St Louis today. I sell the wheat in Berlin tomorrow, or perhaps I sell today and buy tomorrow. If I offer in Paris and my agent there wires me that wheat is selling below my price, I answer perhaps with an order to buy instead, and I sell futures here instead of buying for future shipment. The balance of prices all over the world is on a knife edge. "In the last year I have gone into the export business very largely. I used to buy grain for cash, sell it for future delivery and keep it on storage in St. Louis elevators. It is harder to bring grain to St. Louis now becauso there are so many routes to the gulf over which grain can bo shipped for export, and of course grain can be stored more cheaply in a country elevator than in a city elevator. I have my men all through the west buying grain for shipment abroad. Every uight 1 send cable messages to Liverpool, Paris and Berlin offering grain for two months' shipment—that is, I offer it for shipment in December, January or February March or November-December. The an swers come in the next morning before 10 o'clock. The difference in time, you know, is about seven houra 1 usually offer from 25,000 GO 50,000 bushels to each of the. three marketa Suppose I received orders from each of these markets the next morning for 50,000 bush els of wheat If it is for December-Jan-uary shipment, I may buy December wheat that morning, or 1 may buy November wheat and afterward sell my November and buy December or January. In either case I am protected against loss because if I have to pay more for my December wheat later than tho price at which I sold it abroad I have a profit on the November wheat, which balances my loss. -Now, if I could not buy futures against it, I could not possibly take the risk of selling 150,000 bushels for future shipment So if deal ing in futures were prohibited business would bo very seriously restricted.
The Moral Side.
"There is another side to grain futures, aud that is tho moral side. 1 have given that a great deal of serious con sideration in tke last year or two be cause 1 have six children, all boys, aud I have had to consider what 1 would do with them, whether I would put any of them into my busiuess or not. I know that dealing in futures awakens the gambling instinct iu a man, aud men who are on the exchange get a false idea of money values. Money comes easy there, and it goes easy. But when I look over tho business field it seems to me that thero is hardly a part of it in which there is not the speculative feature. The farmer sells his hogs when they aro only pigs. The horse fancier sells his foals before they are born. The shoemaker contracts for hides which are still on the hoof. The cloth mills make contracts for cotton before the seed is in the ground. All of these are speculators just as much as the man who buys or sells futures in grain. "They say that more wheat is sold on the Chicago board of trade in six weeks than is raised in this country in sis
"STOCK SFKCRUMON IS
I A-
A
CURAT DEAL
WOR&K THAN- GRAIN* SPECULATION."
years. That is true, but most of it is the same wheat sold over and over again. My contract with anir?-&ort«r in Berlin may be transferred thr ugh a half a hands befpto tho time to deliver the grain, yet the actual grain is intended for delivery all the tftne. "The export trade is something: which most people overlook wheat they figure np the transactions on the Merchants' Exchange. In the recent flurry in grain they reported that 1 had made $300,000. Now, it is afoot that I had sold grain for export before the advance began, and that I did not count on the market going np. So 1 did not buy until
The Americans assured him that no offense was intended to the Austrian government. "Then it is not a signal of the anarchists?" asked the official.
No. On the contrary, it was tho flajjj of the United Statea tjf The policeman withdrew and the students supposed that was the last of the trouble. But an hour later the officer appeared on the scene again, accompanied by a sergeant of police, who wanted to know the significance and purpose of that flag.
If it is the flag of the United States of North America," said the official, using the mile long designation which all Germans affect when referring to the country that in the English language is known simply as "America," "why do yon hang it out of a window today for the first time?"
Tho students tried to explain that it was the anniversary of their country's independence, but in Europe they have no such national birthdays and the Austrian did not easily comprehend. Finally, however, he seemed to be satisfied that the foreigners intended no hostile demonstration against his government and withdrew from the scene, leaving the students once more to their pleasures.
But the end was not yet At the end of another hour another policeman made his api rance and said that the chief of police would graciously Stllow the students to put out their flag—only it must first be examined by an officer who should see to it that the fastenings were a cure. Accordingly the iceman made Ins way np stairs and carefully inspect the flag. Ha thought the cope was not strong enough, and another piece was therefore sent for aud made fast Then at last be concluded that everything was all right and that nobody on the straet would be injured by the fall of this bit of muslin.
If anybody wishes to find other examples of bureaucratic overgovernment let him go to Austria.
TERBE HAUTE SATURDAY EYEiNXNG MAIL, KOYEMBER 6,1897.
there had been an advance which cost me $4,800. After that I bought more wheat and evened np. I suppose I've made some money out of the advance, but nothing like the sum reported." "Sharp advances stimulate speculation, do they cot?" "Yea They bring a great many people into the market who know nothing about the conditions of trading. Directly after the publication of that story concerning my profits in wheat I received letters from three women, one inclosing $1,000, another inclosing $300 and another a smaller sum. The writers wanted me to invest the money for them. I didn't even know them alL Of course I returned the money. "Conditions have changed a great deal in the last 15 years. There are fewer outsiders trading on the floor of the exchange and the dealings in futures there are confined almost entirely to the professional grain men. Where the gambling is done is in the 'bucket shops,' the places where not a bushel of actual grain is ever bought or sold. The bucket shops are merely gambling houses, and they ought to be closed up. To prevent trading in futures on the grain and cotton exchanges would injure legitimate business: They have tried it in Berlin, and from what I can hear it has resulted merely in driving the traders „.from one place to another."
The German Law.
"What do you think of the feature of the German law which requires the public registration of every man who deals in futures through a broker?" asked. "It seeAi# t6 mV an excellent provision," said Mr. Francis. "There is no objection to it, provided the details of the transactions between brokers and their customers are not made public. It might prevent clerks and other persons holding positions of trust engagiug in purely speculative transactions in which they would be tempted to use their employers' money. "Stock speculation is a great deal worse than grain speculation in many ways, I think," said Mr. Francis. "Men run railroads not to earn dividends for their stockholders, but .to make the stock go up or down for the purpose of speculation. "I- tell you the successful trader in stocks as well as in grain or cotton has got to know what is going on in every part of the civilized world, and I don't know an occupation which demands such constant thought and such a wide range of current knowledge as trading on the great exchanges. The man who is not prepared to give his whole attention to it would better let it alone."
GKOKGK GRANTHAM BAIN.
MUCH GOVERNED.
An Instance of Austria's Magnificent Ba reaucracy. [Special Correspondence.]
VIENNA, Oct 23.—Some European press correspondents have intimated that Austria will stand by Spain in her dispute with the United States over the Cuban question. Austria is a pretty good partner for Spain and understands the value of a body of free and self governed citizens about as well as Spain does. The following incident, which happened here, shows how Austriaus must love a government that concerns itself so much with the private affairs of its citizens:
Vienna has a great hospital and medical school which attracts a good many American students. On the Fourth of July a party of American boys rooming in a pension on Hoefergasse decided to celebrate tho anniversary of the immortal Declaration of Independence in a very mild manner by displaying the stars and stripes from an upper window of the house. But the flag of liberty had not been floating in the Austrian breeze more than half an hour when a Vienna policeman knocked at the door and de manded an explanation. "That is not the flag of Austria," he said. "What do you mean by displaying such a banner without the authority of the police?"
Joss THORPE.
^SKATEMAKING CENTERS.
There Are Only Five Factories In All the United States. ffefi7: [Special Correspondence.)
NEWARK, N. J., Nov. 1.—There are only five skate factories in the United States—two in this city, where more skates are made than anywhere else in America one at Worcester, Masa one at Springfield, Masa, and one at Torrington, Conn. From these factories thousands upon thousands of skates are turned out annually.
It is in the summer months that the skatemakers are busiest The rush of sales begins late in the fall, though the "factories are open and turning out the goods the year round. Skates range in price from 50 cents to $6 the pair. More skates of the $1.50 grade are sold than any othera
The making of skates is an occupation requiring great skill, and only experts in steel are competent to supervise their construction. The metal is received at the factory in bars and plate. Its quality varies, of course, according to the grade of skate it is to be put into. Fox the high grade $5 and $6 skate first quality welded steel only is used, for the middle grades a lower, but still a good, serviceable quality, and for the cheapest grades cast steel.
Skate runners, and, in fact, all the other parts, are stamped out with a big steam punch. After this comes careful tempering. The lower part of the runner is made exceedingly hard, while the top is left soft that it may be easily riveted to the plates. Then the bottom is ground on a large emery wheel to give it the required curve from end to end and then on a smaller one to produce the hardly perceptible groove or crease that enables the skater to glide over the ice without slipping sidewise.
The new feature in skates this season will be the pointed toe. All ladies' skates are of this variety, but the men may have their choice of the wide or narrow toe. In the better grades engraved designs will appear on the toe plate this year.
New York city is the largest skate market in the United States when the weather is cold. M. L. B.
Moore's Apology,
Senator George F. Hoar possesses the original of a letter written by Thomas Moore in 1816 to the editor of the Philadelphia Portfolio. It is as follows: "This lifo is just long enough to commit errors in, but too short to allow us time to repair them, and there are few of my errors I regret more sincerely than the rashness I was guilty of in publishing those crude and boyish tirades against the Americans. My sentiments, both with respect to their national and individual character, are much changed since then, and I should blush, as a lover of liberty, if I allowed the hasty prejudice of my youth to blind me now to the bright promise which America affords of a better and happier order of things than the world has ever yet witnessed. If you but continue to be good republicans, as we of Europe seemed determined to be good royalists, tho new and the old world need soon have no other distinction than the hemisphere of freedom aud the hemisphere of slaves."—New York Tribune.,
The Two Hundred Guinea Fee.
When railroads had become general throughout the country, it was felt by some of the leading physicians and surgeons of tho metropolis that an easier, less tedious and less expensive mode of traveling ought in fairness to the public to be met by some reduction in the rate of remuneration, and after a full consideration of all the circumstances it was concluded in sequel to a conference between Dr. Paris and Sir Benjamin Brodie, on the part respectively of the College of Physicians and of the College of Surgeons, that a reduction of one-third would be fair to all parties and meet all the requirements of the case, and thus that a physician's journey of 800 miles would imply a fee of 200 guineas in the place of 300, as it had previously done.—"Life of Sir Henry Halford."
The Fountain of Youth. We all remember the story of Ponce dc I«eon seeking the fountain of eternal youth and we all sympathize with him in his search. Youth means so much. It means more than life—for sometimes life becomes a weariness. But youth —wi th its abounding health and vigor, elastic step, glowing cheeks, and sparkling eyes we all •covet genuine youth.
The weakness or disease which ages people before theii
time, is not the result of accumulated years it is the effect of wrong living and unhealthy blood. When the blood is pure and fresh the body will be full of youth.
Thousands of people who seemed to have lost their youth by disease and suffering have found it again through the use of Ir. Pierce's Golden Medical Discovery, the most perfectly natural and scientific rej uvenator of the physical forces ever known to medical science.
It gives the blood-making organs power to make new blood, fall of the life-giving red corpuscles which drive out disease, build np fresh tissue, solid muscnlar flesh and healthy nerve force. It gives constitutional power, deep and full and strong: rounds out hollow cheeks and emaciated forms gives plumpness, color and animation.
It does not make flabby fat like cod liver oil. On this account, it is a perfect tonic for corpulent people.
It aids digestion and the natural action of the liver, and by feeding the nerve* with highly vitalized blood banishes nervousness. neuralgia and insomnia.
Where a constipated condition exists, the Discovery should be used in conjunction with Dr. Pierce's Pleasant Pellets, which are the most perfect atild and natraral laxative fat the world- There is nothing else "jnsl as good." There is nothing that will do the •work so thoroughly, surely and comfortably.
TABLE
ttil
Early English Watchmaking
I am unable to trace any reliable evidence of English watches having been made until quite the end of the six teenth cenfrary, although German and French productions were imported earlier. Derham, in the second edition of his "Artificial Clockmaker," published in 1700, mentions an eight day watch which he was told belong to Henry VIII, but the context clearly shows a weight timepiece is referred to. Among the possessions of Edward VI, as quoted by Wood from a royal household book, is "oone larum or watch of iron, the caso being likewise of iron gilt with two plummettes of led." The first words of this description may seem to indicate a watch with a mainspring, but such an assumption is at once dispelled by the mention of the "plummettes of led." That Elizabeth owned a large number of watches is certain.
In 1571 the Earl of Leicester gave to his royal mistress "one armlet or shakell of golde, all over failely garnished with rubyes and dyamonds, haveing in the closing thereof a clocke." From this it will be seen that the modern custom of wearing the walch in a wristlet is but a revival of sixteenth century fashion. It is said that Mary, queen of Scots, bad two "death's head" or skull watches, which she presented, one to each of two favorite maids of honor.— Good Words.
A Peculiar Tombstone Inscription
At the entrance of the church of San Salvador in the city of Oviedo, Spain, is a remarkable tomb erected by a prince named Silo, with a very curious Latin inscription, which may be read 270 ways by beginning with the capitalS in the center:
SILO PKDSCKPS FECIT.
I E & N E I I CEFB ft CSlSdKl'aFKC 1 S E N I N E S E E S E N I S I N S 8 S I O N E S S E N O I N E
E a O O I 3 S E E GX 1 UPo ufi tO PIt I 8 B-C-K I II O O
hen You Order Your
Get the very best, and that is the product
8
S JE 1 O O I N E S S ECS I BP O UC E S E S E O N I I N E S E
E 8 E I I I E 8 E I E 8 O N I E 8 E I 1 E 8 E O E S I
In addition to this inscription on the tomb are inscribed these letters H. 8. E. 8. 6. T. T. L., which are the initials of the following a
Hie sites est Bilo. Bit tibi terra levi*. (Here rests Bilo. Hay the earth lie lightly on him.}
at
Kew York Sun.
Honse of Gold.
America, not even in the
Klondike, hut in the faroff at Bangux, the capital of Burma, Li situated the famous golden pagoda of a E-uldhist temple the whole of the xferior of which is one mass of shim.) ring gold. This generous coating of ri. metal
is
the resclt of years and ur* of votive offerings to Buddha, far
ck
voireg from
all parts of the world come to Rangtai and bring packets of gold leaf, which they place on the pagoda. During the last century, Tshewbyo-Ycn, the king
Burma, gave bis (literal) weight in gold to the walls of the pagoda, an offering worth £9,000.—New York JournaL
of
TERRE HAUTE BREWING CO
the
civ
Moudy «& Coffin.
Leave orders at 1517 Poplar St., 1311 South Fifth St., 901 Main St., Terre Haute, Iud
All's Well That £nds Well.
^Yes," said the veteran business man with a glad smile, "Dick and I are like brothers, but I thought once that we were destined to be deadly enemies. "It's not conceivable." lUS "A fact, nevertheless. We grew np together and were never perfectly happy when apart. He was a class ahead of me in college and engaged to a girl in the college town, while I was engaged to a girl back at home. He commissioned me to look after his girlthat year, and I returned the confidence by asking him to call upon mine whenever he conld. Without going into details, talking abbut tho betrayal of a sacred trust, or philosophizing upon the follies of youth, I fell desperately in love with his girl, she reciprocated, and we became engaged. You can imagine how difficult it was for me to meet him, and it became doubly hard when I say? him with melancholy countenance and depressed air. He took my hand reluctantly, looked past me instead of in to. my eyes, and only gathered himself when I blurted out that I supposed our friendship was at an end. 'I suppose it must be so, Tom,' ho said in a choked voice. 'I feel like a traitor and a sneak, but I couldn't help it. She's so''— 'What in the deuce are you talking about, Dick? I'm the guilty party. You left her in my care and I rewarded you by winning her. It was contemptible, but it was fate.' "Dick's face beamed all over as ho wrung both my hands and then let out a whoop that brought a policeman to the spot. He had served me just as I had served him, but' you see What a tragical affair it would have been had either of us proved faithful."—Detroit Free Press.
Bid FOUR
INTERCHANGEABLE
Thousand=Mile Ticket
Following is a list of the lines over which the One Thousand-Mile Tickets of tho BIG FOUR Issue will be honored for exchange tickets:
Ann Arbor Railroad. Baltimore & Ohio Railroad. Baltimore & Ohio Southwestern Railway. Chicago & Eastern Illinois Railroad. Chicago & West Michigan Railway. Cincinnati & Muskingum Valley Railway. Cincinnati, Hamilton & Dayton Railway. Clevoland & Marlotta Railway. Cleveland, Canton & Southern Railroad. Clevoland, Cincinnati, Chicago & St. Louis
Railway.
Cleveland. Lorain & Wheeling Railway. Clevoland Terminal & Valley Railroad. Columbus, Hocking Valley & Toledo Rall-
Colum^us, Sandusky & llocklng Railroad. Dayton & Union Railroad. Detroit & Cleveland Steam Navigation Co. Detroit, Grand Rapids & Western Railroad. Dunkirk, Allegheny Valley & Pittsburgh
Railroad.
Evansvllle & Indianapolis Railroad. Evansville & Terre Haute Railroad. Findlay. Ft, Wayne & Western Railway Flint & Pore Marquette Railroad. Grand Rapids & Indiana Railway. Indiana, Decatur & Western Railway. Lako Shore & Michigan Southern Railway. LoulsviUe & Nashville Railroad. (Between
Louisville and Cincinnati and between St. Louts and Evansvllle.) Louisville. Evansvllle & St. Louis Consolidated Railroad. Louisville. Henderson & St. Louis Railway. Manistee & Northeastern Railroad. Michigan Central Railroad. New York, Chicago St. Louis Railroad. Ohio Contral Lines. Pennsylvania Lines west of Pittsburgh., Peoria, Decatur
St
First-class Pullman Sleeper, via tho Runsot Route, will leave evory Tuesday and Saturday for Los Angeles from St. Louis, through without change. Leave Terro Haute 1:!17 n. m., arrive St. Louis 0:50 p. m: leave St. Louis 10:00 p. m.. arrive Los Angolos Friday and Tuesday 2:130 p. m. Train consists of Composite car with Barber Shop compartment, car with Ladles' Obseivatlon Parlor, two or moro Pullman Sleepers. None but llrst-class tickets honored on this train. Commencing on November 11th. and every Thursday, a Tourist car will be run through to Los Angeles from St. Louis on which second-class tickets will bo honored. We also have rates and tickets via all other California routes. Call on us at Terro Huuto House City Ticket Office.
1
Slip*
Evansvllle Railway.
Pittsburgh & Lake Erie Railroad. Pittsburgh & Western Railway. Pittsburgh, Lisbon Western Railway. Toledo. St. Louis & Kansas City Railroad. Vandalla Line. Wabash Railroad. Zanesvllle Sc Ohio Ilivor Railway. These books sell for $30.00, and are not transferable. If tho ticket is used In Its entirety and exclusively by tho original purchaser a rebate of TEN DOLLARS will bo paid, provided the cover Is properly certified and returned within eighteen months from the date of Its Issue.
E. E. SOUTH, General Agent. E. O. MCCORMICK, Pass. Traffic Mgr. WARREN J. LYNCH,
Ass. Gen. PBSS.&Tkt.Agt. CINCINNATI. O.
ARE YOU GOING TO CALIFORNIA?
E. E. SOUTH, General Agent.
Health is Wealth.
TREATME
D*. E. C. WEST'S
NERVE AND BRAIN TREATMENT
THE ORIGINAL, ALL OTHERS IMITATIONS, Is sold nnd or positive Written ISuarante^,
lASflitO
ful Errors, or Excessive
UM
of Tobacco, Opium,
or Iiqnor. which leads to Misery. Consumption, Insanity and Death. At store or by mail, $1 a box sue for $5 with written narantee to cure or refund money. Sample package, containing fivo days treatment, with instructions, 25 cents. One sample only each person. f^TRed Label Special^
Extra Strength.
For Impotency. Loes ort Power, Lost Manhood, Sterility or Barrenness^ $1 a box six for $5, withjfrj written• knaranteeSfj to euro in 3tways. At ator
QJ^FORcor bymalL Geo. W. J. Hoffman, successor to Gullck Sc Co.. sole asrent, cor, Wabash ave, and Fourth St.. Terre Haute.
N. HICKMAN,
1212 Main Street.
All calls will receive the most careful at* tention. Open day and night.
£)R. L. H. BABTHOLOMEW,
871 Main St.
Terre Haute, lad
To the Young Pace
POSKXCT'S CourutXioK POWDB*gives fresher charms to the old, renewed youth. Try it.
