davidaulloa/AmericanStories huggingface dataset:
The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-12-18
THE STATE LEGISLATURES.
WEDNESDAY,, DECEMBER II, 1873.
SENATE.

Mr.. Corwin presented tho petition of
sundry citizens of Prosperity. Newberry
County, praying relict from the pay
mcnt of taxes on property assessed for
the fiscal year of 1873. and which, since
said assessment, has been destroyed by
fire.
Mr.. Gallla:d presented the annual re-
port Of the County Commissioners of
Charleston.
MIR. Smails presented tho annual re-
port OF the County Commissioners Of
Chester field.
Mcssag No. , from the Governor was
read, md received rs information.
The President laid before the Senate
tie annual reports .! the Secretary Of
State aMi tue Conp;rollc, General, for
the iscai N.;r ending October 81, 1873
Mr.. itopr introduced il joint resou-
iirn .rgai.inS t:Ic manner to tr OBJ
served by the Gonnly Treasures in pay
ing the cl.ii.ni ri ,,:i:oo. teachers
Mr. Jcrvry-Jolil resolution - niioA
Os,cnaoin X Co. il! Charleston .ui.:.ty.
To redeem ccrl.iu forfeit, i l.uIs.
Mr.. Damn ln.ruducd IL rt:.ou..p!: that
the late Treasurer d. rcu,..s.,d 10 in
ioim tho Senate, u, carly ~ possible,
tho amount Of rovrnuc bond scrip re-
ccigt.l in the treasury for the payment
OF iaX,a or otherwise; and. also wheth er
ANY s';c!i revenue ba;! scrip has bao..
paid uut III satisfaction OF any Claims
aaast The treasury, and, ii so, the
a'nonni 80 pAil out. Agreed to.
Report Of the Co:nlnittcc on Finance
Oh House hiI to reduce the volume Of
the public debt. aud provide for Ike
The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-12-18

OxXII, OF Title V, Of the Revised Sta.
tutes, was approved by the Governor.
The general orders were considered
until adjournment, at 3. 80 p. NJ.
HOUSE OF REPRESENTATIVE
The annual message of the Governor
was read, and 1000 copies ordered to be
Iprinted.
Mr.. Cain introduced joint reaolu.
tion for the relief of HRS. Anna Eliza
Martin. OF AbbevilIe County.
The Speaker presented the CLAIM, ot
the Camden Journal, Tor publishing
election notices, aud account of p. r.
Stokes.
The Speaker laid before the House
the annual report of the Comptroller.
General
Mr.. Ramsay introduced joint resolu.
tlon to authorize the Judge of the
foorth Circuit to appoint committee
Eof three to investigate the trausactious
of the County Commissioners and the
Treasurer's Department of Sumte- for
the years 187I-72, and up to the present
lincumbents.
The Senate returned, with concur.
renee, resolution relative to bill pending
i'm the United States Congress to
strengthen the credit O! the reconstruct
ed States.
A Senate bill to repeal Sections 55
and So, of Chapter CXX. OF the Gene
ral Statutes, being the unfinished busi.
ness Of December Is. at the hour of ad-
lJournmen was resumed, and inde6-
nitely postponed
Mr.. Meetas presented the petitions of
sundry citizens of Lexington County to
have q new road opened.
Mr.. Curtis introduced bill to regu.
late the labor of persons confined ia
the penitentiury.
Adjoerned.
The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-12-18
Extraordinary
AND
IMPORTANT ANNOUNCEMENT
$4,000 WORTH
DRY GOODS
At AND
B e L o w COS T!!

s'iiE coutihusd pressure of hard ;ime.
L cnmpus us to make this MOST ALARM.
iNG SACRIFICE, but ns we must have
money, i'll order to pay our creditors, we wi.
!sNe IA" Hnh!ic such aIi opportunity to sup
,lv their many wants as they have ncve. be-
:0rc ha! III the history of this city
Cartul patterns DRESS GOODS nj - l.
20, % ccnts--worth double
SILK BALEKNAS, BERLIN CORDS and
EMPRESS CLOTHS. " cnnts-half MI.
JApANEhE SILKS, % cents, tastound:ng
barEain,j 30 and - ccuts-way down
SILK IUNUEuS. REPrARKAS. CASH
ii -.
FIGURED EpiSGLEs, "a beautiful North.
crn novclty,) 80 &C. n,s--cost rs IS.
A large iine OF ELuAKSAad JACKETS, We
oil Mt % cents on Tho dollar.
fn'i assortment oi FUtS, u. scarcely
nat New York prices
Twenty boxes OF LINEN COLLARS a.!l
CUFFS will be sali ut 3 and 10 4euts-worth
iour times thn money.
House. furnishing Go DIS, although cutie
staple, we have marked BELOW COST.
rn.y inu.uio Il fine liue OF LINEN DOYLIES,
It 81 cents aud Il 90 ALSO, large Marseil!es
Bed SPREADS, from II 80 up. liable and
Piano Covers, With "ih.r upholstery essen.
tias, We vii close u1t a.. onc.ha!r their
OF ignal value.
Our entire stuck OF MILL1NkEY. RIB.
CONS, Fl.nWE!S. i.AItS, &c viii lie o.
'erea - sh IA prices as cannot iaii 10 effect
clearance.
We have nnlv enumerated few leading
lines, bnt the w!n!. stock il offered without
any ros'rrc whatever. CArh must bo paid
IA de'iv'1y OF -: from this. there wis! be
no deviation. Parcels shall tie delivered in
I he order in which they are bought.
All parties OWING us money must "a | and
settle. or We shall bo comp. He'd to resort to
other mea sures.
Dec ls j. II. KINARD 400.
The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-12-18
!, December l7.-Cotton

OhfANNAd, DeCemDer l1.-COttOn
easier-middling l51a; net receipts
7,447 bales; sales 1,748; stock 100, 1853.
ST. LOUIS. December 17.-Flour firm
AID IN fair demand; some sales higher
euperine winter 4.75@525. Corn dull
ano 1ower-new mixed 54956, on track
No. 2 mixed 58@5S. in elevator. Wits
key firm, at 95 Pork dull, ut is so.
Bacon, business small-tlsa- rib IN;
clear sides 81. Lard dull, ats
BALTIMORE. December l7.-Cotton
dug and nominal-middling 16; low
middling 151a; strict good ordinary
l4l4; gross receipts 1888 balee; ex-
por.s coastwise 46l; sales IT'S; to spin
ners GOO; stock 1872.
WILMINGTON, December IT, Cotton
quiet-middling 1914; net receipts 326
bales; exports coastwIse 324; sales 1872;
stock 1860
MOBILE. December 17.-Cotton easier
but not quotably lower-middIing 1531
@16; net receipts 2,OG3 bales; exports
coastwise, l,le8; sales 1000; stock At
O13.
AUGUSTA. December l7.-Cotton aniet
-middling Is; receipts 1900 bales;
sales 1,640.
CHARLESTON, December 17-Cottop
esaass'er-middling 1888; low middling
tS9l54; strict good ordinary Az;
net receipts 3,503 bales; gross 4.O47;
exports to Great Britain 5,905; coast.
wise l,422; sales 1000; stock So, ,4S7.
C1ScISSATI, December 17.-Flour
quiet md unchanged. Corn firm-nev
ear 54@55; old ear aud shelled 60
Pork quiet, at Is 00@l5 25. Lard
quiet-stean Sls9SA; kettle 921. Ba-
con quiet and steady-shoulders scarce
and wanted; clear RIB 774; clear sides
Whlskey in good demand, at 95.
LOUISVILLE, December 17.-Flour
active aud lower grades advanced
extra family s 50@G 90. Corn active
and firm-5O(155 for shelled on arrival.
Fork 10 80. Lard steady, at Si%@1O1l.
Bacon nominal. Whiskey firm.
BOSTON, December 17.-Cotton dull
middling 1624; net receipts 353 bales
gross 6l9; sales 500; stock 5000.
NEW ORLEANS, December 17.-Cotton
quiet and middling 1917; low
middling 1873; strict good ordinary
1875: net receipts $500 bales; gross
9.663; exports to Great Britain 3,73S;
France 1859; coastwise 1879; sales
$500; stock l92.757.
NORFOLK. December 17.--Cotton
easlor-low middling 10; net receipts
4S3; exports coastwse 2.14O; sales
720; stock 1920.
PARIS. December 17-Rentcs $50.
25c.
LlvERrooL, December l7-3 P. NJ
Cotton steady ullands 82s; Orleans
S24; sales II 900 bales; speculation and
export 1000; up ands, not below good
ordinary. shipped December or Janu
ary. S2s; Orleans. nothing below good
ordinary, shipped January or February
83; uplands, nothing below good ordi
nhry. shipped November. S2s.
LONDON. December l7-Evening.-
Amount Of bullion Withdrawn from the
Bank of England on balance to. da,
G9,000 Consols-money 9l35@0l7s
account %. Bonls-67s 05ls; lU 4U.
92ll4; new 5s 9lai.
LIVERPOOL. December l7-Eveniug
-Cotton-salcs of Orleans, not below
low middling, shipped in January cl
February, 8 ll-lG; sales to-day include
6.700 bales American; sales OF uplanda
not below good ordinary, shipped ir
December or January, S5a; ditto, no,
below low niddling, deliverable in De
cember. SIG.
TEIvS
The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-12-18
Sundries.
BY JACOB LEVIN.
N E w B o o K 8,
AT BRYAN'S BOOKSTORE

@n MILLS TOBIOGR PLY.
3 Price 81 %. A very entertaining
~ The Prossrate State. By Pike
~ 81 so.
Crooked Places. By Edward Garrett.
s1.75.
Civilization AS a Science. By Harris. 81
Egyptian Sketch Book. BY Leland. $l75.
Old Court Life in rance-Iliustrated.
81 SO.
And some new Engliah Novels.
Also, beautiful assortment OF
NEW JUVENILE BOOKS.
From London for boys and girls.
WHITING DESKS. WORK BOXES, STE
tEOSCOPES and PICTURES from all parta
of the world.
CRUQUEr, NEW GAMES.
SCRAP BOOKS. CHEAP BHROMOS.
rOCkEr KNIVES from 25 cents to IS.
English and American POETS, fine and
cheap.
POCKET BOOKS and dPORTE-MONNAIEs
CARD CASES.
GOLD PENS-also in cases for nresenss.
HYMN and PRAYER BOOKS in cases
LONDON POCKET and FAMILY BIBLES.
for Christmas presents. Dec 19
The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-12-18
Aact1on saIea-

0aSC SCIoh sales,
Baco". Lard. HUNS, Soap. Gc.-Csosing Ou.
Sale Of C6nsignments.
BY D. c. PEIXOTTO & SONS.
THIS fThursday) MORNING, 18th instant.
at 10 O'Clock, at our Auction Rooms, We
Will cell, without reserve, to close consign-
ments and years busiuess,
BACON. Lard, Sugar-oured Hams, COD
Fish. Family Soap, new Mackerei, Co., &c.
all oil which must be sol3.
Conditions cash. DscIs
Sundries.
BY JACOB LEVIN,
TOMORROW friday MORNING, at 10
O'Clock. will sell. at my Store. without
reserve,
pounds fine BACON SIDES.
= pounds Dry Sailed Sides,
= pounds Dry Sailed Bellies,
No. Henncssee Brandy, in boxes,
Nc. Champagne, in boxes.
ALSO,
Sundry articles OF FURNITURE
Sundry articles OF Silver and Plat ell Ware,
Secondhand Billiard Table, &C., &c.
Dec IS
The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-12-18

HOMICIDE. "A fatal encounter oc-
CURED. few nights ago, near the resi-
denco ot Mr.. A. l.. Jones, in the public
road leading from Sumter to Manning
betw. en Anthony Potts and Shelly Law
renee. both colored, in which Lawrence
was killed.
The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-12-18

SUPREME CoURr. December II, 1879
The Court met Mt 10 y. Ar. Present
Chief Justice Moses and Associate Jus
tices Wright nnd Willard.
Lockwood a. McCunts rs. EIwnr
"A. Wells. Motion for rehearing de
clined.
Daniel Hand. respondent, ps. the S
vannah ind Charleston Railroad Con
pany CT a.. appellants Messrs. Camp
bell and Porter wera heard for appe
lants; Messrs. Buist and Chambcrlai
for respondent.
At3 p. NJ, the Court adjourned mt
Thursday, 18th, lO A. M.
LIST or New ADVERTISEMENTS
J. Il. Kinard e Co.-Dry Goods.
w. Muiler-Odd Fellows' School.
w. Mniler-Female Som nary.
w. Muller-For Rent.
jacob Levin-Auction.
Meeting Union Council.
y. Q. Peixotto E Sons-Auction.
Wm. NJ. Fine--Cock Fights.
Il. Il. Bryan-New Books.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1873-09-06

This measure, whereby it is proposed to raise
certain coins to a fictitious valuation for the sake
of present convenience, without regard to it's
eventual effect on exchange, is not, as has been
represented, in universal favor by business men.
The power is vested by statute in the King IN
Privy Council to fix the rate at which such coins
shall be receivable, and it remains to be seen how
that body will decide.
An arrival from Auckland last week, bringing
an assorted cargo for this market and an order for
a return cargo of sugar, coupled with the intelli-
gence that several cargoes already sent to the
Colonies are likely to figure good returns, will
have the effect to direct the attention of shippers
to that market in preference to San Francisco,
where our produce keeps at low figures with small
prospect in the future.
The summer has been very dry throughout the
islands, and crops have suffered in some localities,
but the effect of the copious rains of the early
part of the year and during the spring continues
to be felt.
The crater of Kilauea, and that of Mokuaweo-
weo on the summit of MLauna Loa, are both con-
tinually active, throwing out streams of liquid
lava, and furnishing grand objects of interest to
tourists.
On the 18th inst. His Excellency, II. A. Pierce,
u. S. Minister Resident, gave a ball at his resi-
dence in Nuuanu valley, which was largely at
tended by government officials and others of the
residents, and by the commanders of the L. s.. S.
Portsmouth and the Russian corvette ASkold, and
the officers attached to those ships. The affair
was a very brilliant one.
The Portsmouth. which has been in port since
the 9th ult., will sail shortly on surveying duty
to the South and Southwest.
The following comprehends the movements of
shipping at this port during the past month
Arriyed-Aug. TO, Russian corvette Askold,
from Valparaiso, bound for the AMOR; II, Amer
lean schooner c. NJ. Ward, from Guano Islands
Is, American bark d. {. Murray, 10 days from
San Francisco, 20, American ship Premier, 50
days from Valparaiso; so, Hawaiian bark K. c.
Wylie, 10 days from Bremen; 81, British brig
Magellan Cloud, 50 days from Auckland, y. H.;
Sept. l, p. VI. ). Costa Rica, Q days from San
Francisco. Sailed-Aug. :, Hawaiian bark Luz
nalilo, Navigator's Islands; %, Premier, How
lands Island; 25, c. NJ. Ward, Guano Islands;
%, d. c. Murray, San Francisco. In port-U.
). 5. Portsmouth, Russian corvette Askold, Amer
lean ship Coringa, awaiting orders, British brig
Magellan Cloud, Hawaiian bark Z. c. Wylie.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1873-09-06
PASSENGERS

FEoM BRENES-Per R. c. wylie, Aug. 3Oth-Miss Anna
Pundt, = ConradL.
FRoN AUCKLAND, n. Z.-Per Magellan Cloud, Aug. Goth
Mrs White and 3 children.
FROM KoSA AND RAU-Per Uiama, Sept. 1st-JnO s
Smithies, NJ T DOnnen. Mr. Smith and wife, Mr. Simpson, wife
and 3 children, and IS deck.
FROM SAN FRAScIsCO-Per Costa Rica, Sept. lst-Samuel
Parker, T. G Waller and wife, 3 G Allen, J Van Dyke, Mrs
Turil, Miss Alexander, NJ b Beckwith, Lieut. Z X More, U s
: Portsmouth,, J G Dickson, wife and child, Miss Bond. Miss
Havens, II & SpTague, J G Gum, Frank Bates, II in steerage,
and l. Chinese.
FOR WISDwARDP oRTs-Per Klauea, Sept. lst-Mrs Free
man. Samuel Parker. Thos Hughes, wife and 2 children. Hon
Mr. Kuihelani, Hon r A Lyman, G w Wilfong, Father Mod
est, Misses T. and 81 Mott, Miss Lottie Alexander, J U Hawai-
nm, Peter Kaleikini, and about 70 deck.
From LAHAISA-Per Nettie Merrill. Sept. 5th-Mops Bal
lieu, wife, child and servant, w NJ Gibson, E Preston, and 10
deck.
For SAN FRASCIsCO-Per Costa Rica, Sept. 6th-Chas
Nordhof, wife, 4 children and servant, II A p Carter and son,
W J Mayer, T v Lee, Mrs $ G Wilder, Miss Jane Levers, N
Simpson, wife and 4 children, ID Smith and wife, w ii Beeh-
Ter, James TIton, II lie Monnyer, Miss L ID Patty, Z s Whit
comb, Albert Lachmann, r T Taylor, and six seamen Of the
II s > Portsmouth in the Storage.
i. FROM WISDwARD PORTs-Per Kilauea, Sept. 6-Her En-
n Keehkolani, Miss Nellie Beckwiih, 2 Misses Bond, Miss L
Fnel, f Williams, e Macfarlane, ] ID Paris, Rev J ID Paris &
wife, Miss Paris, Mrs King, c Wall, J G Hoapii, Mrs Capt w
Babcoek & 2 children, Mrs C c Williams, S Kaai d wife, and
81 deck.
FRoN KAHuLuI-Per Ra Moi, Sept. 6-F Fnbur and 20
deck.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1873-09-06
IMPORTS.

FRoM BsENEN-Per R. c. wyIe, Sept Ist:- 6 shoe
Ware; csc sanRles, csc Cotton Goods ! crates Tubs l
- and 1 bale Dry Goods TO w L Green $50 6 Beer, so 6
Brandy, Q C Samples. 40 bndls Fencing Ware. Is cs Perfum-
-ry. 6 O. Toys, s cs Cigars, Is c. WOoleus, 1000 bndls Hoop
Iron, . c. Silks, 4 c. Powder, $50 cs Ale. I Dbl Beer, Is 6
Wine, IL es Hams, II es yellow Metal, Is bales Flax. p bniIs
cSe Gloves, IL esks Paints, I csc Feather Busters, 5 6 FUN
bIers, IL bndls Oh shocks, 10000 Port MADDOX states, I,55s
1Iosass. > es Books. % bales and 10 es Dry Gods h inrois
Tin, Il iugots Rabbit Metal, so bxs Tin Plates, 10 csks Fence
3 Oak Beats, 4 esks Alcohol, 100 demjohns Vinegar, so csks
Fire Clay, ! kegs Comp Nails, 81 coils Cordasc, 5 csks Heads
and HooFs, 2cs Cloth Is c. Preserves csc Plated Ware, =
- Hosiery, 20 g. UltranaEine, ; bales COrdage, 6 Clothing.
t&6 Old EEpty Syrup Barrels, 1922 Square Fire Bricks, IL
- Groceries, 2Ol g Candles, 200 drums OIL, 20 c. Saddles, e5
g sardines, 1 csc Thread. / csc Steel Ware. 5 hhds Raisius, l
Ce Music Ware 1 csc Cotton, so DID Empty Oil Barrels. -
srGTes and 2 csks Hardware, 20 drums Caustic soda. 100 pkss
Papsr. 1 csc Cheese, 3 CO CamphOr, I csc Wooden Ware. I ce
EaTthsnwArr, l csc Buttons, 2 6 Liquors, 2 esks Heads and
Hoops 60 II Hassed & Co I Csc Effects, Books, etc, 10 4
HaneberK : g, 2 esks and ! Pkg Mdse to- \ Owen scs
a. GIahe I csc Sis, 1 csc Manufactures to b + EhIers /
~ utsnsl. 10 Bishop MaiEret; $40 c.. esks. go demiJohns
.chIaegsr & Co; So c. and - bales Mdse, $50 g and 1T5 demi-
iohns Liquids, 20 drums Soda, ! parcel Sample, 1i es.2
ibis, 2 baxs, 3 csks, 20 deniohns and 100 kegs Provisions, ~
"a Liquors 70 = A SchaeeT a. Co ? O. Hardware, l Ck Sta
pI-, / csk Files, / esk Chain 10 Order 3 g Liquors, 10 az
q Ndse % q RHODES IS es and 5 esks Hardware, 5 es and l.
bales Dry Goods. 8 bales Paper, $50 Csks Cement, 20 c. sad
and 2 bales Irvine to T waterhouse 10 6 and esks Mdse
60 r Mckibbtn-
FRoM SAN FEANcIscO-Per Costa Rica, sept. 2d IL csc
budIs Glass, 1 csc Mdse TO C Z Williams IS kegs Pickles, 60
kits Fish. 1 csc Goldfish, 4 c. Can Goods, Is bxs Apples, 10 ar
sks Flour, 10 SKIS Wheat, 1 bale c Wheat, 1 bale Dat Neal, 2
2 gro Yeast Powder, 5 pigs Tea 1 bX Benzine. 1 Dol Cranber-
TsS, s nj bbs Sugar. IS Pkgs Craekers, I bx Dried Peaches, 1
Jadd & LANE 1 BIZ Glass, 1 bN Glue. 1 bx Brushings, l bx
Paint, c Pkss AMI 1 csc Mdse, 2 Pkgs Furniture I ese Marble
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1873-09-06
OUR HOME LETTER.

Since the sailing of the steamer, one month
ago, there has occurred very little to disturb the
even tenor Of Island affairs. Business of all
kinds has been unusually dull even for us and in
the summer season, and sales by Auction have
dragged heavily. OF politics we hear but little
latterly, the last episode having been an address
delivered by the Circuit Judge of this Island
(Hon. j. NJ. Kapena) before 4 native audience,
in which he favored Reciprocity but took ground
against the proposed cession of Pearl Harbor.
In spite of the prejudice which Il few foreign OPP
ponents of the scheme have aroused among the
natives, (who are very ill-informed as to the real
merits) the advocates of Reciprocity on the basis
of the cession are hopefully awaiting a favorable
answer to the proposition which has been sent to
Washington; and their hopes are strengthened
by the tone in respect to the project which has
latterly been apparent in some of the leading
journals Of the East and California. Meantime
the question has been brought up for discussion
as to whether, if allowed by law, the manufacture
of rum by the plantations would prove remunera-
tive. 1t is perhaps a significant fact that the
planters themselves have not, so far, expressed a
desire to embark in the business.
At a meeting of the Chamber of Commerce,
August 10, it was resolved to memorabilia the
Government in favor of fixing the rates of gold
coins, other than American, as follows:
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1873-09-06
A Test of Pure Water.

There Is reason to think that the water in our
pipes is impure. \ late English technical journal
points out an easy way of testing whether water Is
good and fit for general use. Let some of our read
ers try it. As follows:
Good water should be free from color, unpleas-
ant Odor, and taste, and should quickly afford a
lather with n small portion Of soap. If half a pint
Of the water be placed in a perfectly clean, colOrless,
bottle, a few grains of the best white
lump sugar added, and the bottle freely exposed to
the daylight in the window of n warm room, the
liquid should not become turbid, even after exposure
for a week or ten days. Ii the water becomes tur-
bid, 1t is open to the grave suspicion Of sewage con-
termination but if it remain clear, it is almost Ger
tainly safe. We owe TO Heisch this simple, valuable,
but hitherto strangely neglected test"
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1873-09-06

feasibility Of making National Paper Money
much nearer perfect measures Of value than gold
or silver or other merchandise 81 ever have been OF
ever can be-, by adjusting the volume thereof
through its interchangeability, at the option Of
the holder, with government bonds bearing a
fixed rate Of interest.
In a letter to US under date Of July 28th, Mr..
Groom says;
In your issue Of the PACIFIC COMMERCIAL AD-
vERrIsER Of the Dist ult., / read an able article
relative to \ Loan by your government, which
you advise. Your suggestions are worthy Of
careful consideration, which | trust they may re-
ceIve, especially at the hands Of your citizens.
81 Allow me TO suggest an exceedingly simple
plan, which Of you induce your government to
adopt IT'D Will place your people at once upon the
road TO the most brilliant success. 1t will be
fully adopted here within the next five years, and
is simply this Let the government coin ii. e,
print) money like the L. ;. Legal Tender Notes,
and perfect them by making them a legal tender
for ALL DUES, public and private and further,
make the notes exchangeable in sums of one
thousand dollars and its multiple (at the option
Of the holder) into Understanding bonds tat
some equitable rate,) the said bonds to be made
payable ON demand, including interest TO date Of
payment, in the same currency
These suggestions, which we commend to the
serious consideration Of members of our govern
ment and the business community, are strongly
enforced in the following concluding note to the
pamphlet on currency
8" In the interchangeability (at the option of
the holder) of National Paper Money with Gov
eminent Bonds bearing a fixed rate of interest,
there is a subtle principle that will regulate the
movements of Finance and Commerce as accu-
rately as the motion Of the steam engine is regu-
lated by its 4. governor Such paper money
tokens would be perfect measures of value,
which gold and silver never have been. The use
of gold or other merchandise as money, is 4 bar
barism unworthy Of the age"