Terre Haute Weekly Gazette, Terre Haute, Vigo County, 28 March 1878 — Page 3

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SHERMAN.

tt. 4

He Meets With the Senate Finance Committee.

Long and Interesting Conversation on Finances.

Sherman is Asked Numberless Questions by Senators Voorhees, Jones* and Others,

And Completely -JMffii Himself

(lllbOK-

the Subject.

Food for Reflection in Both Questions and Answers.

He Says lie Could Resume Specie Payments on the First of July,

And Will, on the First of January, Without any Trouble

:fr

Whatever..

A Documant Well Worth Preserving.

The following article was sent over the wires on Wednesday night by the Associated press. Its great length precluded its publication until to-day. This is its first,and will be its only publication in Terre Haute.( It is a document crammed full of facts and figures, being a conversational discussion on the subject bv the verj aolest men in the country, and those best informed on the sub ject about which they were talking. Nobody who wants to anchor his faith on aolid facts can afford to pass it without reading.—Ed.

GAZRTTE.}

Washington, March 20.—At the interview of the committee on finance with the secretary of the treasury, in regard to the repeal of the resumption act, on the 19th in^., the chairman said:

Mr. Secretary. I have jotted down a few general questions and some in detail, which I oropose to ask you. and I suppose that the other members of the committee may have questions which thev may desire to ask ut a later period, but I will ask some getu-r..l questions in order that you may make a statement, if you chjose, with more freedom than you can by going into the smaller details at the commencement.

First—Ought the resumption act, in your opinion, be repealed? And if not, why not?

Answer Secretary Sherman—That question, as you say, is very general, and it i« rather a leji-latiyc than an executive question, but I have no ol'jicti jn answering. I think that tlie resumption act ought not to be repealed that it was a declaration of public policy, commenced with the act ol February 6, repeated bv Congress several times, notably in 1&66, notably again in 1869, and again by the parage of the resumption act, that we would as soon as practicable redeem any United States notes which were presented for redemption in gold a id silver coin. That is the d-c'aied pubic p»licy of this country, and it ouht to be adhered to, and I am fully convinced that we are able todj what we have so often promised to do and ought to do. Besides this several states have by their 'e^isfaction indicated a purpose to so conform their laws.

Senator Bayard—Which htates betides New York? Secretary Sherman—Wei, Massachusetts, to some limited extent, but I don't know how far and how naa.iy corporate and manv individuals have made their contracts upon a basis of resumption. The wh .le country seems to have settled down to the conviction that we can resume, and that business has adapted itself and contracts been made with th.it view. So far as any suffering from resumption or preparation for resumption, is concerned, we have already suffered and now to go backwards would be only to invito suffering again. It strikes me, therefore, that it is better to go ahead, and that »o retface the policy of resumption now would seperate the metals from our currency, and one would have to go through the same trouble again. It uould be an evidence of ua ional weakness the struggle between me a* lie money ac a basis of paper money and irredeemable paper money must be made some thru. I think we had oetter complete it now. Therefore, I say, in regard to your question, although it is a legislative question for you, gentlemen, to answer, and not for me, that I think we ought t. ailhert to the policy of resumption, HI I ltjte it.

Tne CiiaMiian—Do you think resumption is p. ,»c .ica il'i u.iJer 110 prisetu law? You have partial:y autunpsitrd that quCftio 6ut still lu.k t,

Secreury Snertmn— fha a ic^tion verv nnic lis* ros, and ig tiat I wou.d have 10 answer I have oruuirht

quite a number of documental re. winch

V. RAN

ooin bullion...

Gold certificate* actually outstanding 44,498,800 railed boons and interest 811,877 Interest due andnnpald 4,W0t?uS

Total WJ,41«,50» Available cold coin and bullion... $62,871,240 Available ailrercoin, fractional... 6,-71,886 Available silver bullion 8,138,718

Total ay all «ble gold and silver.. $71,776,880 Amount of gold coin In treat017.. .1117,161,4H Amount of gold bullion 7,917,800 Making aggregate gold coin and gold bullion $186,088,755

Thu is, howerve, subject to a deduction of the following items: First, outstanding checks to officers, $6,189 626. Although that is already money in the treasury, yet it is drawn for and not paid.

The Chairman—Doesn't that always happen? Secretary Sherman—It IlwSyT happens that some money i« drawn upon and not paid, and this also large.

Senator Bayard—You speak of gold bullion. This is the property ofir.dividuals, is it not?

Secretary Sherman—All that is government piopcrty. Senntor Bayard—Where does, thegovernment get the fcold bullion?

Secretary Sherman—First, we^ljuy it or receive it on deposit, or melt foreign coins into bullion and coin it as it is needed. We receive it just like ld coin but not much of it in comparison with coin received. 2. Then there are coin certificates outstanding, $44,498,500 for gold dejosited by banks and dividuals. 3. Called bonds and interest, $6, 9.8,677. That amount is always large, and has reached $18,000,000. 4. Interest due and unpaid, $4,9")9.705. That makes $62,416,509 in gold subject to demand, or about one-half of the supply on hand, leaving the available gold coin and bullion against which there is no demand or liability at $62,672,246. Then there is silver fractional coin, $5,972,895 silver bullion, $3,130,718. I can say, though, if this statement was made up to date the silver bullion woald be a good deal larger. We have bought lately the total available gold and silver over and above demand and liabilities, which is $71,775,860. Of items that are counted here and deducted from gold, about $20,000,000 are practically available for resnnption, because the outstanding drafts and called bonds and in terest due and unpaid, although due, yet the amount actua ly in the treasury is generally abxu the same. It is remarkable th -t so much money is left after it it? due. The bonds that are due and not presented and the interest that is due for years are left in the government's custody without being drawn. Of the amount of Rold certificates issued the law authorizes 20 per cent, more certificates to be issued than the amount of gold or gold bullion deposited, although that power ha* never be,mi exercised, at kast not within my recollection, not certainly within my term.

Senator Ferrv—You spoke of the $44,000,000 of gold certificates. Is that about the annual outstanding average?

Secretary Sherman—No it i« more than the average. Senator Ferrv What it the average for 10 years back?

Secretary Sherman—Thirty to forty millions. The Chairman—It is $14,000000 or $35,co, o^.

Secretary Sherman—The amount ol gold now on deposit is very large. For the reasons I have stated the amount of gold and silver coin and bullion available for resumption in a business sensa is about $90,000,000, but the actual gold and silver bullion and coin in the ea-ury, over and above all demand and liabilities, is $71,775,860.

Senator Jones—Couli th^ amount of subsidiary coin which you speak of as being on hand be counted as in any way assisting resumption?

Secretaiy Sherman—I think so, because it is exchanged for United States notes or fractional currency, and can be paid out for cuirent debts.

Sen itorJo .es—I thought you could only excha ige it for fractional currency. Secretary Sherman—Probably there is enough silver coin on hand to redeem, all the balance of fractional currency.

The Chairman—That is, the secretary thinks some fractional currency has been lost.

Secretary Sherman—Now, in regard to another point pertinent to your question, we have, in the process of preparation for resump ion, reduced the volume of United Spates bonds and notes. The

(precis.-

figures are familiar 10 you. The

amount vvas $382,000,000 at the. time of he na ig? 01 rhe icsumption act, and the amount now is$348,618,024. Again, ih amount of the out--tai in^ tnk notes has been reduced. O.i December 31^ 1875, the amount was $346479,756 on December 31, 1877, it was $321,672 505, and on February 28, 1878, the amount of bank notes outstanding was $321 989,991 but th amount of bank notes of banks in existence not in proce of I quidation was $299,540,475. the iL-ience between these two -1 ins ing the notes of banks in process of liquidation. Altnough the notes are in circulation, yet an equal amount of greenbacks are in the treasury as a special deposit to redeem them.

Senator Reman—They make part of the $348,000,000 legal tender notes? Secretary Sherman—Yes as many of the legal tender notes are held in the treasury as there are bank notes in process of redemption.

Senator ferry—Then really there should be but $299,000,000 of national hank notes outsunJii7.

Secretary Sherman—If you count the whole greenbacks as outstanding there would he $299,000,000 national bank 11

ujs.

ill give you, and they will s»pe.i bei- ih.it l*r*e sums are lost or deter than I can. 1 he.best evidence that we,strovei. This diminishes to some exare able to resume on the ut ct January ijenl j!10 outstanding how much, next is the progress that has already

been made. When the lesuinpuoa actia. passed the premiu.n on sjold was abmtj statement was here produced ih vtot^j per cent (since that time we have accumulated, in preparation for resumption, a large sum of go d. I have taken some pains to get the figures, which I will give you now. They are accurate, that you may have the exact condition oft le treasury. This is the statement of tlu wvasury male yesterday: TREASURY

UNITED STATES,

vVuofaington, March 18.

Sir—In accordance with your request I have honor to state the amount in gold and silver in the treasury on the 28th ult., the date of the last debt which is as follows, viz: Gold Gold

statement,

.1117,151,455 7,937,800

Total ...1125,088,755 JS the amount to credit of disbursing officers and outstanding checks $5,189,896

Then it inu9t be remembered that

United States note* have been in circu-

hai()u sinCtJ a nl bank nGle8 since

kl)OW-

You can judge as well

ing bv months tne issue of silver coin ,»nJ the reducti of fractional cu)-*-j-»cy under the act of April 19, 1876. from Ap. il 2.j, 1876 to February 2S, the amou it ot fractional c.irrencv redeemed being $24,318,039, and the total silver pavments $38,479,308. The total amount of fractional currency notes outstanding on tne 16th inst wa's $17,109,715. The avx*raj monthly reduction of the outstanding fractional currency, estimated upon the basis ot the redemption of the past four months, is $290,000.

Senator Jones—How many millions', then, of legal tenders do you estimate as being in circulation now outside of what you hold to redeem the notes of banks in process of liquidation?

Secretary Sherman—I should think $320,000,000. Deducting those that have been lost or destroyed and those

held for outstanding bank notes, make the aggregate of bank notes and greenbacks at about

$643,000,000.

To repeat

the general result of our preparations for resumption, we have already practically abolished the premium of gold we have reduced the amount of United States notes and the amount of national bank notes outstanding. We hare paid off, practically, the fractional currency, and now we have a very remarkable circumstance in our favor. The balance of trade is in our favor to the amount of $160,000,000 a year, bringing silver and gold and bonds back to the United States. In the last three ve&rs the balance of trade in Our favor is

$414,034,*

666. I bring you this statement because I thought you might deem it important to have the exact figures about the state of our trade! The table showing the details I leave with you.

To a number of questions asked Secretary Sherman replied: We have got both gold and silver from England, but we mu-itrio it as Lin:oln said, unbeknown to them. It must come by the natural currentb of trade. To attempt to bring by any artificial movement a large sum of gold to this country would be to create alarm. All last summer and fall the ac cumulation was from $5,000,000 to $8,000,000 each month. Some «f that came from our own mines, and some of it from abroad, but we accumulated it without any possible injury to anybody. Now, in a general answer to your question, I do express my opinion officially and personally, that for the reasons I have given wt can resume on the 1st of January next under the basis of the existing law.

The Chairman—What effect has the silver bill had, or is likely to have, on resumption?

Secretary Sherman—I do not want to tread on delicate ground. In answering that question. Mr. Chairman, I shall have to confess that I have been mistaken myself as to the silver bill. I have watched its operation verv closely. I think the silver bill has had some adverse effects, and it has had some favorable effects on the question of resumption, perhaps. The best way for me to proceed would be to state the adverse effects first. It has undoubtedly stopped refunding operations. Since the agitaion of the silver question I have not been able largely to sjll bonds, although I have made every effort to do so.

Senator Jones—At what date wa« the last bond sold? Secretary Shrrman—We are selling bonds all the time.

Senator Jones—I mean the refunding of the bonds into

per cents.

Secretary Sherman—The 16U1 of October was the time when the la9t of the popular loan was paid for, and we had then a call ready to issue $10,000,000, and associates, as they had a right to do. withdrew the call. The sales from the last of Septrmber, 1876,10 the 15th of Ociobei*, were about $275,000,000. We sold $200,000,000 4^ per cents, and then we sold $75,000,000 in 4^ per cent, bonds.

Senator Allison— ibout a year and eleven months. Secretary Sherman—Since October last we have sold $4,000,000, and perhaps now the sales have gone up to between $4,000,000 and $5,000,000 of the four per cent, bonds. Now, another adverse effect the ilver bill has had is to to) the accumulation of coin. Since the 1st of January we have accumulated no coin except for coin certificates, except the balance of revenue over expenditure, the revenues in coin being more than enough to pay the interest of the debt ar.d co liabilities. Another eJfect that the silver bill has had is to cause the return of our bonds from Europe. Although the movement of our bonds in this direction has been pretty steady for more than a year, it is latterly largely increase', how much I am not prepared to sav. On the other hand, I will give the favorable effect. In the first place, the silver bill satisfied a strong public demand for bi-metalic money, and that demand is no doubt largely sectional. No doubt there is a difference oY opinion between the west and south and east on thi. subj .c', but the desire for the remonetizatio of silver was almost universal. In a government like ours it is al* ways good to obey the popu lar current, and that has been done, I think, by the passage of the silver bill. Resumption can be maintained more easily upon a double standard than upon a single standard. The bulky character of silver would prevent payments in it, while gold, being more portable, woul bo more freely demanded, and I think re sumption can be maintained with a less amount of silver than gold alone.

Senator Bavard—You are fipeaking of resumption upon a basis of silver or siler and gold?

Secretary Sherman—Yes, sir I think it can be maintained better upon a bimetallic or alternative standard than upon a single one, and with less accumulation of gold. In this way the remonetization of silver would rather aid resumption. The bonds that have been returned from Europe have been readily observed, remakable so. The recent returi in New York show the amount of bonds obsorbtd in this country is at least a million and a quarter a day. This shows the confidence of the people in our securities, and their rapid absorption will tend to check the European scare.

Senator Voorhess—That shows, Mr. Secretary, that this crj of alarm in New York was unfounded. Then this capitat seeks our bonds when this bi metallic basis is declared?

Secretary Sherman—Yes, many cir cumstances favor this. The demand for bonds extends to the west and to the banks. I have no doubt we can sell 4)^ per cent, bonds, and I think within a monih we shall want lor four per cent, bonds to carry out the resuption law for I would not accumulate more than $5,000,000 a month, and that largely in silver and gold bullion.

There is no special necsssity to force the bond mark»t in order to maintain resumption. We now have 71 to 91 millions on hand and every one can measure show much will bi necessary to maintain resumption. If the sale of bonds was ever so free I would not accommodate more than $5,000,000 a month of both metals, and all sales beyond should be applied for refunding six per cent, bonds.

Senator Allison—Do you think that can add largely to the stock of coin your reserves

$5,000,000

per

month—that is to say, will you accumulate from other countries, or simply draw into the treasuiy the accumulation already existing in our own country?

Secretary Sherman—I am glad you mentioned that point, although, since the 1st of January last, we have accumulated no coin in the treasury. The amount that we had prior to that accumulated per month, has since then gone in

to banks. The banks hare already accumulated more than

$5,030,000

in gold

since the 1st of January. Senator Morrill—They have increased their reserve by the amount of $5

000,000

in gold per month. Secretary Sherman—Here is a statement which shows the aggregate amount of specie held by the banks of the United States during the several periods therein mentioned. Now in the United States there has been no statements of national banks sines December last, but they have in Jbe city of New York a weekly statetneiff cf the clearing house. This shows the amount at the beginning of every ween. On January 5, 1S78, the amount was $21,884,100. That has increased in amount until March 16, 1878, when it reached $34,557,000, a difference of about $ 13,000,000, which is just about $5,000,000 per month increase so that this accumulation of coin has gone on in the banks since jjLstopped in the treasury.

Senator Ferry—Then if you embrace the accumulation in the banks and the treasury it has been progressing gradually at the rate of abont five millions per month?

Secretary Sherman—Yes, sir, more than that. In New York alone, the accumulation is five millions per month, but at Boston and Philadelphia it is also going on.

Senator Ferry—What in your judgement is the accumulation in both the banks and treasury per month in amount?

Secretary Sherman—I should think it to We between $5,000,000 and $10,000,000 per month.

In giving an answer to Mr. Morrill's question as to the genuine effect of the silver bill I would not like to give a positive opinion. I do not think, taking it altogether, it is an obstacle in the way of resumption. It has operated in some respects adversely, in some respects favorably, but on the whole I do not think it should discourage us from resumption, or from carrying out our general policy.

Senator Jones—Then in its effect upon the return of the vase return of the vast amount oi bonds you refer to would there not be an element of strength added in favor of resumption, in that the interest on the bonds returned would not be a conttant drain upjri the country?

Secretary Sherman—Undoubtedly. Senator "Jones—Would the fact' that they came back enable us to maintain resumption much easier?

Secretary Sherman—Undoubtedly. The fact that we have paid $514,000,000 of the debts in foreign countries is favorable. There is another point in this connection, it seems to me, that it is not necessary to determine this question now, because a sufficient time has not elapsed to enable us to determine the effect ot the silver bill, and you had better let things run along and see its effect. It may be that its effect will be such that ail will favor resumption and that resumption will come without effort The passage of this bill can have no effect until January next, and i*. may be before that time all will agree that it ought or ought not be repealed. As you have this measure in the sena'e can control it by a majority vote of the senate at any lime. Why not let it stay here?

Senator Voorhees—Did I understand you say that you would undertake to maintain resumption with ninety, millions ol coin reserve?

Secretary Sherman—No, sir. I would undertake to resume upon the powers afforded by the present law, by going on and doing what I did last summer.

Senator Voorhees—How much surplus did you say you had on hand? Secretary Sherman—I have now $71,000,000.

Senator Voorhees—Then you say that you would be willing to undertake resumption under the ex'sting laws by the 1st ol next January. Now, with the aid of the'silver bill and coinage, what amount of coin would you expect to have on hand with which to undertake resumption at that time?

Secretary Sherman—I would accumulate about $5,000,000 per month ot both metals irom the 1st of Apfil to the 1st of January, which would be 45,000,000, and if the marked is favorable 1 think. I would try to make good the loss that I have suffered by not accumulating in January, February and March of the present year, 1 think could in this way accumulate filtv or sixty millions.

Senator Voorhees—That would give you $i5o,ooc,ooo» Secrctiry Sherman—No, not so much nor do 1 think it necessary to have so Much.

Senator Jones—And does that look to eliminating the legal tender function on the it,t of January next?

Secretary Sherman No, I think not, sir. 1 am in favor of maintaining the legal tender currency, but that is in controversy.

Senator Kernan—You thought ihat you could practically redeem all that would be presented.

Secretary Sherman—I have no doubt of my power to reissue up to $300,000,ooo legal tenders.

Senator Jones—I have an idea that it would make a great deal ot difference. Senator Voorhees—Have you spoken of the capacity of the present coinage?

Secretary Sherman—No, sir. Senator Ferry—Then on the question of resumption your views are that, with $90,000,000 on hand and the accumulation of $60,000,000 more, or even $40,000,000 (it would be $130,000,000), you would be willing to commence the resumption of the present volume of currency, both national and bank?

Secretary Sherman—Oh, yes the banks must look out for themselvc 9 Senator Morrill—I will then asic vou this question, How can the policy of resumption be added by congress?

Secretary Sherman—I am very willing to answer that question, although I think it is a legislative question. I think that you can aid resumption very much if you will allow me to receive United States notes in payment of bond9, as the Senate has already expressed a willingness to do, and if the House would concur with them. If I could sell four per cent, bonds for currency in the purchase for six percent, bonds it would be an aid to resumption.

Senator Bayard—What would you do with the proceeds of the sale of these bonds?

Secretary Sherman—I would use them in purchase of outstanding bonds. All I would have to do would be to pay the difference between greenbacks and gold, but that would be only paying one per cent, premium. I have a right to call in bonds, and I could use currency in their payment by giving $101 for the bond in currency! the difference between currency and gold at the present time.

Senator Bayard—You can sell your

oer cent bonds at par in currency and yon can use the currency and redeem a higher rate of bond.

Senator Jones—How would

that

aid

resumption? Secretary Sherman—By repealing discrimination that is now made against the legal tender note in the payment oi bonds The bond issued would be a coin bond

A lar^a number of questions were asked by several members of the committee, and the Secretary in the course of his answers said there was one thing he would recommend, namely: He would on the 1st of October next receive United States notes in payment for duties, and yet provide for the interest on the bonds in coin.. In other words he would assume on the ist of October next that our notes were as good as gold and silver,.and would receive them as such. You een tlemen will feel your way clear to- allow my receiving Urited States notes in payment of bonds, and will make it clear that I will not be compelled to take all United States notes that come in after the ist of January next, and if you think, under the circumstances, I would be strong -nough to receive these notes on the 1st of October, I should be willing to guarantee resumption. I think for the United States to go backward over all of this long, weary agony and struggle toward resumption would be a sign of national weakness, and do the nation harm, and bring injury upon us all.

The Chairman—What effect would a repeal of the resumption act have upon the relations of currency, legal tenders, a .d on coin, gold and" silver? Would not a repeal of the resumption act cause a fall of paper below gold and silver?

Secretary Sherman—I have no doubt of that. I think a repeal of the resumption act would at once cause a widening between coin and pap»r money, depending entirely upon the confidence the people at large would have in the ultimate resumption of paper but I don't want to enter upon this delicate ground.

Among other queitions asked was the following by Senator Ferry:

that with $140,000,000 gold reserve, you would be willing to hold $300,000,000 as part of the currency, and meet resumption on ttat basis. Now I desire to ask k, with the contraction as it is going on, it would be any obstacle to resumption even if the outstanding circulation should be $320,000,000 on the ist January next?'

Secretary Sherman—I think the $20,000,000 would be provided for by the increase of bank notes.

Senator Ferrv—Without any direct fur'her contraction than under the present resumption act.

Secretary Sherman—The present resumption act would be sufficient. I would not by myself provide for, and I direct the contraction of currency except what is done under the act.

The chairman—Don't you believe there will be an expansion come upon us naturally, or by the action of the treasury department on the 1st of January will there not be more money in actual circulation after that period?

Secretary Sherman—I think and hope 90. Senator Ferry—Would not that produce a healthier condition.

Secretary Sherman—No, sir! Senator Bayard—What would be Ihe effec, in your opinion, if the declaration that $300,000,000 of treasury notes might be issued as a minimum and as a maximum, to be supported by a rentation by law of $100,000,000 of gold in the treasury?

Secretary Shefman—That would be beneficial, because I think the tear about that $300,000,000 would be overcome.

Senator Kennan—And your opinion is tha the authority to re-issue legal tender notes would be expressly given by law.

Senator bherman—I think that the authority to re issue unquestioned and undoubted would take away the fears ol all classes of people. First those in favor of inflation, who do not want greenbacks destroyed, then in the eastern states where they think we ought to retire greenbacks and issue bank notes instead. I believe that we are bound under the existing law to pay the whole of the $300,000,000, and that we are not prepared to do.

Senator Allison—In other words, you think we can not come to and maintain specie payments without the power to resume?

Secretary Sherman—I do not ihink we can.

COPERNICUS AND GALILEO KNOCKED HIGHER THAN A KITE. Ri hmonl (Va.) 8pecial to the New York

Herald.

Rev. John Jasper, colored, of the Zion Colored Baptist church, preached this evening to an immense congregation, hundreds of negroes standing in the squares around the chutch. He preached to show that the sun moves, and said if he did not show from Bible authority that the sun moves he would never preach again, and challenged anj one to answer hi* arguments. He argued first, that Joshua told the sun to stand still How could it stand still if it had not been moving? David says, "the rising and going down of the sun.'' Would any grammarian say that "rising" meant "standing still." or that anything could go down that was standing still all the times? Isaiah said God turned the sun back ten degrees. Could it be turned back if it had not been moving?

He urged his congregation not to believe the words of philosophers that the earth revolves around the sun. The thing was impossible. What would become of the ^ocean? Would it not be spilled over the land? Would not this church building whifch stands here now be a thousand miles away to-morrow if the earth swept around the sun? He urged his congregation to believe in the Bible, which says the sun moves, and not the philosophers, who say it don't. He told them to stand up for the Bible against the men who could not answer a single argument he advanced.

Philosophers say it will rain to-morrow, and yet when to-morrow comes it is clear, he said, alluding to the weather people in Washington. The philosopher says there are only nine stars, and yet the Bible says there are Millions.

This is the substance of the sermon, which was delivered with great earnestness and received with applause by the congregation. At the end he said: All you who do believe that the sun moves hold up your right hand. Every hand in the congregation was raised. Jasper is the pastor of the largest colored Baptist church in the city.

George Alfred Townsend has gone to Cuba to write a truthful report of matteis in that country. George Alfred writes truth like a circus poster.

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strength, and appetite. N. H. TILDEN, Insurance & Real Eestate Agt.

No. 49 Sears Bu*l. Boston.

H.R. Staving: Dear Sip—This is to certify that 1 have used your '-Bloou Preparation" in my family for several years, and think that vm for Scrofula or Cankefous Humors, or Rheumatic Affections, it cannot be exoolled and as a blood purifier or spring medlclse, it is the best thing I have ever used, and I have used almost everything. I can cheorfully recommend It to any A unoln need of «uch a medielno.

,,*1

CANNOT BE EXCELLED.

Vegetine Vegetine Vegetine Vegetine

OH ARLBSTOWN, MASS.

You respectfully, MRS. A. A. DINSMOR*, So. 19 Hnssel St. &

I IS A

Valuable Remedy!

SOUTH BOSTON, Feb. 7, 1870. Ma. STEVENS Dear sir—I hive taken several bottles of vour Vegetine, and am convinced it is a valuable remedy for dyspepsia, kidney comp'kint, and neral debility of tne system. I can heartily reoemmend it to all suffering from the above complaint.

ftil liMi

Tours respectfully, Mas. MVMROB PAAXTR. 84 Athens SI.

Sif

"j'

MMADISOIT

DISPENSARY,

*rS

rn1

'Mi

i%y

iil

SA CLASS OTFCWCASO. IU.

BR. C. BIG BLOW, Immt nmd la lit icrtaadcnom DM

lUrallSBXCA

la tfe* mui Ua, mMt. •rWtMlr. VBaBATMIH men urtuRT udiafimscr, u» mis «r 1 Mom wxoal nmm |B nunr ran, «r MMr wMofe uiwtim MM at tta Mtovfas (Artf: Htrrmmtm, —l«»l —lnl—, llkaw tt Sikt, WMhi M» try, ptapta om UM tut, mrtnha 10 neiMr, kM at WWH **w*r. M.. mMi| •ABBIA8I UrMrta, in pwi Mrtrnni FwnhhtHIys»)wlrtiiiol»IIMI,iwtl» tor In l-Mirt OOUBII*

IMMIm Iknut

cmvSKSTGL' •ARRIA8C GUIDE. OR SEXUAL PATHOLOSY. TbUManMl**** rfTWO Rimim NUSTBATIM MTRAIH tb« ratyaot at a» nw tk«* I* w«rth ki*wlu, ill saab that nl pal ^•(riMimit ram rum cam, SBIT

SUFFERERS

From LOST MANHOOD

8YPHILIS, er any other d'^easc caught by all hopr em

Indiscretion, who have given up after trying in vain all the so-ca dies, will find the only sure relief by callin

hope,

so-called reme-

at,or sending stamp 'for irue, confidential:

and beneficial advice to the 'w «KTKHN 1 1TIEDICAL. INHTITfiTR. 187 Sycamore St., Cincinnati. Write or call and examine its Museum of Life-Size Models ef cases cured, and you will be convinced it is the only tastitue that HAH and CAN successfully treat these ailments. No charge.o responsible persons lor treatmont until cnre'1.

rtmrll

cfoftjftt, fctt Mid rnrth«id ol j*r*rtlt»c!mr urt, price ff'tt, mr'ps tlmwlflff*, mmtc. Mtatfi, He. Krwry fyvt hmUtai fi'Ci, r«rfNirAtimif bftuk, u«wl, rharrb and etU*rs, I»Q UV« (ICIMI mul nvw. bv mine iL. A to toirn (or a good pontiritn. 5.000 ia Me nM the denUrt'l Inrwuing. jUuoTfn*! PrvrrrrrtAav, Not. M. ISTF.

fmcs

v«i«, 0,

jItm ifrvat uUs&etioa. W* iri« Vi prlntinr floor* lhaa lee eott of th* tnifi*. in thai months »o4 caa emllaJly rtcamemd It to my party who wltbn to m«i vnrmtf la ike i*me way, JL W. McCievanvr, Wwrf-n.

We nave atnaredeaf volnUry eedUrrotneeu equally »ueag the afcova. 5p*ct*t Isdaeemeata will be offered le araie •pplytoc with!* eSaty dftvt. Snl for dmlm and MtnpW*

MS*. 6KQ, H. BUSH, On,ml 191 Ml Klana St., Cfcinp, IH.

i« not easily earned in these gip times, b'-t it can be made in three months by any one of tUber sex. in any part of th* country who is willing to work steadily at the emgloyment that rr

we furnish. per week In your own town You need not be away from home over night Yea can give your whole time to the work or only your spare moments. We have agents who are making over SSo per day All who engage at once can make money fast. At the present time money cannot l*

ad so easily aad rapidly at any other business, It costs nothing to try the business Terms and SB Outfit free. Address at onee,

H. HAI.LKTT ft Co., Portland, Mam

A —The choicest in the world—

1 J«Im porters' prices—Largest Company In Amerka—staple artiele- pleases everybody—Trade eon^nually increasingAgents wanted everywhere—best inducemen s—don'r waste time—send for Circular to ROBERT WILLS, Pres. of the Original American Tea Co., 43 Vesey St., N. Y., P.O. Box 1297.

SHI