davidaulloa/AmericanStories huggingface dataset:
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30
FVNO the Ladies!
l. Mrs. NJ. G. GARRETT,
NIANTJA -NH a NER.

who is thoroughly acquainted with dress cutting.
fitting and making, and can satisfy the most fas~
tidious taste, has removed to Staiifton, and COM
menced business on Main street; above the Boot
and Shoe store. Of C. L. Weller. Her charges
will be moderate, and satisfaction guaranteed.
She respectfully solicits share Of the public
patronage.
Braiding and Embroidering done in the mos
tasteful style on application. april 2-ls74
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

The most trying circumstance under which
a boy can be, is wiieni another boy in the alley
is winking at him, and his father offering him
a -nickle to carry in pile of wood:
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

The burlesque Blue Laws were the invention
of Rev. S. A. Peters, of Hebron, Conn. Ills
caricat,,re has had a mischeyous vitality during
the past .ntury.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30
GENERAL NAruRE-No. so.l

AN ACT to amend an act entitled '.An act. to pro-
vide for the establishment of military prison and
Tor its government approved March third.
eia hundred and seYenty-three:
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30
GENERAL NAruRE-No. s7.l

AN ACT to amend the thirty-frst section of an act
entitled " An act for enrolling and calling out
the national militia, and for other purposes" ap-
proved March third, eighteen hundred and six
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

Re- If enacted by the Senate and House OF Repre-
sentatives Of the United States OF America in Con-
gress assembled, That said act be, and the same
things therein required to be and performed at
ROCK island in the State OF Illinois, shall he done
Teayenworth, in the State of Kansas: Provided,
That the Government buildings now on said militia
nv reservation at fort Leavenworth shall be modified
and used so far practicable for the purposes OF
said prison
Approved May q, 1874
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

Professional Cards.

Professional Cards.
W'n'"m ). Nelson ATTORNEY AT LAW
and Agent for the Sale Of Real Eestate,
sTApNTON, VA.
OFFICE, on Augusta Street, end loor) opposite the
Court House.
Collections attended to and returns promptly made
feb 10
r Emmett Guy, .nnon,,,x - y,
STAUNToN, VA.
Office, Augusta street, (2nd foor) opposite the
Court House.
Special attention paid to Collections
nov 4-ly
Wm. Patrick ATTORNEY At LAW.
srAuNToN, VA.
Will practice in all the Courts OF Augusta and Cir
cult Courts Of the adioining counties.
Prompt attension given to collecting claims:
VIM. A. Hudson. .rrops NV Al .w
STAUNTON, VA.
Will practice in the Courts of Augusta and adjon-
is counties Prompt attention paid to- collections.
Office with w. A. Pratt. aug 28-ly
D.. ATTORNEY AT LAW
sTAUNToN, VA.
OFFICE, on Augusta street. in the room occupied
iy9
DrestOn A. Baylor,
l. ATTORNEY AT LAW,
AND sot1c1foR IN cHANcERY,
STAUNTON, VA
Practice in all the Courts OF Augusta and adjoining
Counties.
OFFICE-The same formerly occupied by his faith
er, Col Geo. Baylor, decd, on Augusta street, >oppo
site the Courthouse. nov 10-1y
r HAVE on hand all the pecessary Bankrupt Forms,
i and am prepared to make out the necessary pa
for any desiring to claim the benefits OF the
Bankrupt Act.
will also attend to making out and forwarding
the applications of Soldiers of the 1872 their
widows, for the Pension granted by late Act OF
Congress. ALEX. H. FULTZ,
march eff Attorney at Law.
n w. OI4TsEAkNs, -.
". ARCHITECT AND civil ENGINEER,
STAUNToN, VA.
Offers his services to the public Prepares plans
and specifications, and superintends the erection OF
buildings. Surveying and mapping promptly atten-
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30
Gabriel Hirsh. :

DONALD ALLEN, W. ~. ~ n = IN
E. NJ. E. ~ " "
i LIEN & DUNLAP, /. es
"A Civil 4 Mining Engineers ~ Soahs
STAUNTON, VA.
x,s,.+as in Snecial Engineering School at Wash
ington Lee University, Lexington, Va
Having had several years experience in Railroad
,.wevs and construction, and in Typographical and
ssfneraI surveys in Virginia. West Va and Pennsyl-
;o offer their professional services to the public
salia, work of every description including
n aEggranhicaf Surveys and Maps; examination Of
d inaS
2renin @a OF Construction OF railroads tqrnpikes &C.
te Investigation of titles to land by plats and sur
veys, &C.. sc. nypp,1CEs.
Faculty Washington Lee sehoo Baiamo ore Nd
COL Oh E Eng Gsn west va
Ohio haHnTDt+c ciriss Toni Eng Staunton, Va Ech-
Rel Catett Attys at Law, staunton' Va Col,
AZ r. Hartman, Staunton, va.
sac No a. Main street, I'd floor april 10
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

proVeu Mafch Third, eighteen hundred and six
ty-three
Be it enacted by the Senate ana House OF Repre-.
sentatlves OF the United States Of America in Con
gress assembled, That all officers on duty at any
point west OF line drawn north and south through
Omaha City, and north OF line drawn east and west
upon the southern boundary of Arizona Rhall be al
lowed sixty days leave OF absence without deduction
OF pay or allowances Provided, That, the is ia
ken but once in two years: And provided further
That the leave OF absence may be extended to three
months, II taken once only in three years. or foul
months, ii taken once only in four years.
Approved, May 8, 1874.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

Wagon Making and RlackslnitiHia.g.-The
w undersigned, formerly of Churchville, has open
ed a Wagon Making and Blacksmithing establish
ment on New Courthouse street, staunton, Va next
he is prepared to execute all work in his line out OF
good atera in the best manner and at low hgutfes
also Manufacture Feseg's patent Lifting Jack.
the greatest thing out and indispensable to farmers
generally. Call and see it.
feb l3-tf JAMES M. LlCkIIffsh.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

sO SHARES 1sT NATIONAL BANK OF HAIR
~ RISONBURG STOCK FOR SALE.-Appy to
J. Bumgardner 4 Sons address
-s-.~--ss1- WILLIAM FISHER & SONS.
Bankers and stock Brokers,
50 South ST., Baltimore.
Dealers in Virginia Securities and Coupons, upon
w.licl! prepared at all times to make advances
the most favorable terms. je 25-4t
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30
Masonic Building

We have Just returned from the Eastern Market
with full and well selected stock OF Hardware,
which we are prepared to offer very low. Mechanics
and Farmers would do well to call and examine, be
fore purchasing elsewhere. may 1-m
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

b - = ''' - FAsH1oNABfE TAILoRs,
NEW sTREET,
Next to Mrs. scherer's Millinery Store, and doors
from Loeb Brothers corner.
All worl. in our line executed with neatness dura-
bility and dispatch.
Special attention given to Cutting, Repairing apd
Cleansing. aug It'll
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

ITO THE PUBLIC.-The undersigned, having
/ purchased the interest of Mr.. r. o. Hydenrich,
in the Tin and Stove business heretofore conducted
by Them takessths method Of informing the public,
that he is now prepared to do all kinds OF
ROOFING, GUTTERING, SC,
And manufacture Tinware of all descriptions. He
will also keep constantly on hand all descriptions OF
Stoves, including the best patterns OF
COOK, PARLOR, s. OFFICE STOVES CRATES, &c.
fte respectfully asks continuance of the patron
that has heretofore generously been extended to
him. "A. GhUbEhl.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

TDCIERAA ds WALKER,
u Call attentioh Is tiieif fine brands OF
CHEWING TOBACCO,
"Gravely," yellow Bird" "Nectar Leaf 3D." and
Rough and Ready
Also their superior lot OF Smoking Tobacco, e5iil-
posed of the following brands:
Lone JACK. 'sva. Choice "Gravely,'' Buds and
Blossoms" and 'Short Horn Durham"
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-07-30

X God Neys for the General PassaEic.-I have
" just returned from tho Northern Clues where
Goods for the size of my store-house therefore
propose to sell for SIXTY DAYS at very reduced pr
ces for cash. i'll order to make room.
Come early often if you wish to get Bargains in
Dry Goods, Notions Boots, Shoes, Hats Clothing,
and in fact everything usually kept in general Vari-
ETY. Store Very Respectfully,
nov SIT b. +. MARX WOOD.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

:, -.-..,,, SS,s15sris hteneds rbe hotgs was
At aii ,,,,sS ;naen ious sftip -modslss de-,
o',. ,,t n ces;ar by some Nofsegian salofs
c c.nn ous " vesse which was wrecked sol tn,s
Irom . ~ 80 80 were ,fitere afed in muce we
Soarfi c a Them In eed rolnsn Ipss
writer might Iay here the plot OF ors''''a's
pyt orr chief object in coming Lere was ~, ~
s-at :" uie,u N the ocean as 1t dasfes -on .l.e
leach Even before reaching the lsi''na a,, VI
conld hear the roar OF Inc arc
soundiug like some long ttaln y, rt ba
dashirg along its iron way shnrs
crew louder until we $1,000 upon smS cIe of
= o.ye with awe on the sublime spec.acHv VI
" 'f,or wave chasing each other. TIL they
49,, an the beach and dash their spray at
our feet. ',:.t.... ill., t,,;s o,or;ons
TIT and gathering some beautiful sneii
re-, the shore. we turned back towards our
hont feeling that we bad indeed enjoyed
v;ew worth travelling long distance 10 gaze
mon In crossing the island our attention
;a lied TO q wide belt Of perfectly naked
., rsh and was told that it was the co.
verinp of rich salt springs, from which
large quantities of salt could be made.
Ry digging down foot or two you get
brine sufficiently strong to float an egg, ana
in which the islander puts up cucumber
nickle for the market. During the war large
quantities of very fine salt were manufac-
tured on these islands, and the wonder is
that it is not still done. Yet right alongside
Of this salt belt the grass grows luxuriantiy,
and by digging few feet you get fresh
water. :,sr
But this letter is long enough, and I have
not space to- speak nov Of other things Of
interest. ztat.-l .,-.F-@,. slAToR'
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16
rhe Greatest Publie work.

The central water-line u thegreatest pub
lie work now projected la the United states
and. take it all in all, Il promises to confer
more benefits upon the nation than any
other that has been proposed.
The committee of engineers, "noso 80 W.
..,e re,crt b,s already teeu announced was
anpoin.ed by the Secretary OIL war ~ 'n =,
,ns,ance of the senatorial commune y
.ns;,h senator W1spcM is chairman. IL wa.
', , ,,a solicitation or Senator DAVIS, OF "cs'
w;sn;r;a that Mr.. LATRoBE, of Baltimore
nno If the most distinguished engineers 10
the country, was added to the NUMBER Tue
others all belonging TO the United States Gu
sincer corps. ~. ;,
The relation of the Senate committee to
the engineers seems to cntitle their repor'
to the particular respect OF the comm,..ee
and we are prepared TO give some credi' u
The rumor that their report will De 10 con
currencc with that Of the engineers. inu'
commended 10 the nation, We NAV 'nauise
the strongest hope that The great project WI!
receive the approval Of Congress. The fea
ersl Government can by no other pup''"'
Improvement do 80 much to promote 'ne
nrosncrity and harmony of the nation ano
facilitate the means Of national defence II
time of war. The assurance that the wors
will be carried through that may be af1ordeo
BY a very moderate appropriation to 1t vii
do wonders to inviyorate the public ener'
pies and hopes.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

Lor1srANA.-The Democratic senator's helo
a caucus to-day. 1t was agreed to support
the substitute offered by Mr.. Bayard yestef.
dav, which requests the President to notiI5
the people of Louisiana, by prociamalion'
that the Federal Government will not ln'el'
fcre to prevent McEnery and Penn from u.s.
Stunning the duties of the offices OF GoYefh no.
and Lieutenant-Goyerpor. 1t was also sou, uJ
termined TO vote against the mot,U ION wv m ,bc
will be made 10 lay the Carpenter D'il on h ene
table, As to the Carpenter bin ltseli, tner re-
was no decision arrived at. Mr.. Hamilton Oh
Maryland. Mr.. Thurman, and DINERS, were
onr,osed TO sanctioning the principle OF fea'
crul interference involved in the bill, wnlIe
General Gordon and General Ransom
thought it best, under all circumstances 10
vote for it, Baltimore Sun, 18th.
THURMAN is like all the rest Of the No1tn.
ern Democrats - impracticable. deheral
GORDON and General RANSOM eau vote lot Inc
bill. They were gallant southern soialers.
But rour Northern Democrat can't violate
9. the rights of the States y except III Time Oh
war
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

4 STEP TowAHps THE FRAMING Pkivl'
1rGy.-The action of the House OF hepre'
sentatives yesterday, in authorizing the iree
circulation of newspapers through the mails
in the counties where published, ~ ONCE
tionable principally MS paving the way Tor
the n enactment Of the franhing privilege
Ne,c York Herald.
On the contrary, it is guarantee that the
ranking privilege. will not be restored.
Standing alone. that abuse cannot be sus-
tanned. Coupled with the privileges allowed
by this bill to editors, it is very strong. For
these reasons it was no doubt that BEAST
BUTLER and other open advocates Of the
ranking privilege voted against the bill
above alluded to. They wanted the strength
OF the one measure to be used in bolstering
I'D the other.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

se,lleras disguised 9Th the:roads, and in p;
1 Tih, don't wheIher thisE State could
aver have been an elysinm Win such horri-
|bie highways. The faW, as exsting, Is sim
NV iv i'm vorkable and useless. Asimple rem.
e eiI would be found i'd the establishment oil
a highway board in every township WIFI a sa
thority to levyitaxes and contract with re- :s
sponsbie parties to keep the roads IL repair !;
Thts Is The English system, which has never !,
been surpassed. Good roads ,oi't sa'" s000
Briefly, It appears to me that if Virgin,ha rs
are sincere in their immigration speeen.as
they must look to their own position, ane
estimate more accurately the duties tneseo''
Yours, obediently, ANsLo-Y lhdls'0''
Apri1 0, 1874.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

SHOOTING AND 'CAs1SG AFFRAY IN LOUIS
VILE, KY.-LouisriHe April 14.--About IL
O'Clock this morning W. r. Abbott, a proml-
nent lawyer Of this city, and John r. Green,
q member Of the firm of Morton, Gait Il Co.,
bankers, met near the entrance Of the court
house, when some words passed between
them, and the lie was given. Abbott then
struck Green with a cane, when the latter
drew pistol and fired three times, the shots
taking effect In Abbott's right side, the CEN
tire of his breast, and through his right shout
der. Aere are conflicting statements in re-
gard to who struck the first blow. Green
was arrested. Abbott is lying in very
critical condition. The unfortunate affair
created profound sensation, as both parties
are widely known and highly respected.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

TIE BILL TO INCREASE THE NATIONAL BANK
C,RcuLArlos.-Fo this bill, which has now
passed both houses Of Congress, both Of the
Virginia senator's voted. So also did of the
members of the House Messrs. Bowen, HAIR
Ris, HuSToS, SESER, STowELL, THOMAS, aud
WHITEHEAD. MIR. j. AMBER SMITH also
voted "aye" by pairing off with Mr. Clip
plSGs. Mr.. PLATT, the carpet-baeger from
Vermont, cast the only vote in the negative
which purported to have come from Vir.
ginia. Senator JOHNSTON is said to have used
his personal Influence in the House in favor
of the bill, and SO alse, no doubt. did Sena.
tor LEWIS. The President will, we think
sign the bill. 1t is understood that bill
will now be introduced in the Senate releas.
ing the national banks from the obligation to
keep any reserves on account of their circu.
lation. The Senate liberali>ts claim they can
pass The MAYSARD bill.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

Tie report of the Committee on ROADS
unon the application of tie Danville ka'i'
road Company for the privilege of changing
and regulating the gauge of its road VIII oe
found elsewhere in our paper of to-day. II
is very idle report, we take it, because Inc
comnany has the power TO build "a road ten
miles long either in extension or as oranch
of its road, and the distance OF the North
Carolina line from Danviile is only hVe m'es.
AT Daayille the Baltimore and OHIO rai'roao
strikes the Dauville line. and thus change
Of gauge there is accomplisbable without The
approval of the Legislature, and without
giving up the exemption from taxation II
now enjoys.
Again: the condition imposed in a certain
contingency that third rail shall be laid
,mon the track is Improbable. Can any.
body suppose that third rail will be laid
11pon road hundred and forty miles long
for any reason that can be offered in this
matter. A reason strong enough to demand
such an cxpcdient would be strong enough
to Justify the construction Of another track
OF five-foot gauge. Is there reason enough
for that? II there is, then great many
roads should be required to build a second
track for the accommodation of other roads
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

/. Some wiseacre says that the new. civil
rights bill differs from Dir. SUMMERS in thai
it does not include private schools. Neither
did SUMMERS. He was hardly such fool as
to suppose that Congress could legislate ne
groes into private school.
BY the way, where are the rights of the
States that our good Governor but yesterday
spoke Of?
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16
MARRIAGES.

Married, ON the goth OF January, 1874, at 81.
Johns church, by Rev. Iir. Henry Wall, DR.. W.
W. GORDON, Of this city, to Miss EMMA +.
SPRAGGlSS, of Henrtco county, Va. ....t..,
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

New PATENT.--Wiiiam c. Bell, Orange
COURTHOUSE, VA, cul!iva.ins plough.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16
DEATHS.

Died. at his residence, No. 1925 Main street, at
half-past O'Clock on the morning OF April 9th,
Mr. JAMES K. KR1SCHMANS,i In the ihrty-si1th
year of his age.
His funeral will take place from st. Patrick $
church THIS (Thursday) AFTERNOON at 8
o'clock. Friends aud acquaintances of the family
are respectfully invited to attend without further
notice. E e,, IL .E..g
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

NE LINEN SHEETING, FULL TWO
and u half yards wide, at 81, worth S1.35;
PILLoW-CAsE LINEN at soc. per yard, worth
&c; .. .,.......
CURTAIN MUSLIN at csc. per yard, worth soc;
Large HUCKABACK BATH TOWELS at 1920
-. per dozen, would be cheap ut 30.
- 49,. ...-. LEVY BROTHERS..
MACHINE OIL, the best in use, only 15c. per
bo,.Ie ..s liz. ..s ... r..' ...... - ap ID
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16
PHILHARMONIC HlLL)

PHILHARMONIC HtLL,l
RICHMOND. April 10, 1874. I
MESSRS. 4: d. KELLEY, +. .. NOTING, ?.
". HANEWINCKEL,, d. N. WALKER, ASD
OTHERS: Gentlemen, We ars In receipt Of your
kind and lattering communication OF this date |.
Is source Of peculiar pleasure to US that the efforts
val on the part Of our citizens. We feel assured
that our Association can he made The equal 81 any
IN this country Certainly nothing will be LEFT un-
tried to merit always the appreciation OF which
your communication furnishes such abundan; evil
dence. r,.
We have engaged the RICHMOND THEATRE
for THURSDAY EVENING NEXT, April 23l,
when the concert win take place.
Very respectfully aud truly.
E. II. CHAMBERLAYSE. in.
an 1926 Secretary.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16
~ NEw GOoDs-APRIL 115ru.l

: A5 NEW UUUOo-Ar hiH IVTHs
DRESS GOODS, such as PoNGEE, CHALLI.
~ SERGFS; l.&. ~&
sATIN-sTRIPED PIQUE, new, for overskirts;
BLACK SILKS, all prices, from 81 so to the best;
beautiful BLACK TAhJSE and other styles Of
mourning goods - fts ,E.t Z"
IRON GRENADINES. new mesh; H.
MOHAIRS and ALPACAS, choice brands;
KID GLOVES, Victoria and Harris, new shades;
Ladies' FANCY STRIPED and BALBRIGGAN
HOSE; '--"~-'----7~
FRILLINGs and RUFFLIEGs in great variety;
Splendid SPRING CASSTMEREs; -
Superb PILLOW LINEN at CSC. to the best;
LINEN SHEETINGS, DAMASKS, and NAP
KINS; is.r. .ts.a
DAvOL BLEACHED COTTON ut 16Kc.
np 16-tM3O HUDGlNS, GORDON D. co.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

TOWN WITH MONOrOLl.m-,in the
anSssssass Of aumsn hair ot .sa! nppssJ
have taken mp to New York anu nsir ser s2l
servleea " real arttst-practlsSt r., the paSi. &C.
eompe.ition In price, quality n Aais' ""N
Workmanship. aon,blug s~i.ep = !
Look ut the price for mastaS e sI az Curi' ssi
other work IN proportion. haH VS. ~.
changed. .,. executed iroln DIV
All orders by mall promptly s,I fSe s,a!e. -
" t si iSsf received ihe latest nov .ssy cGl
ornaments and ssndeaax fsacy H., sse srsa. as';;
iaines, NECKLACES, Dams; 1aesias o,te ST t,S.'
for Ssils, Co, &en at .. l.. 3s-ASaSS 'phsi.iA
street,
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16
EpoRTED FROM COMMITTEES.

corote hill to incorporate Che YIrg1hIa
rnrnnike Company Senate bill to incorpo-
r,, "a S Sapmtbside Mining Company heretofore
Zoo with amendments; House Dill
- anthorize the Richmond and Danville Rail
roaI COMPANY to change and regulate the
gauge of its road, with amendments.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-04-16

Mr.. PR1pEMoRE, from the Committee on
General Laws, reported without amendment
Senate bill incorporating the Masonic Col
lege mt Harrisonburg. Also, from the same
committee. without amendment, Senate bill
to extend the time for repairing and rebuild
ing mills and machinery burned during the
The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1874-02-04
TELLING FACTS IN FINANCE

The six chief European banks operat inc
under the countenance Of their respective
governments, the banks of England, France,
Prussia, Austria, Belgium and the Neither.
lands, show an aggregate capital of about
S210,00O,000; discounts to individuals,
$S25, O00, 600; government bonds and adj
vances, 100000, 900; circulation at par,
sl,2SO,O00,0 700. Whilst our defective sys.
ten Of depressed national banks show
capital, si9o,Ooo,0O0; individual loans,
Sol4 100000; government bonds, SAIL
ooo 900; circulation, $685., 900, 900, at II
per cent. discount.
1t facts like these will not carry convic-
ton to the mind of every man that our
system must be pernicious, certainly as
regards circulation, no facts could. But
m our own history we have under badly
organized banks Of the United States had
a convertible currency for forty years, and
IN iorty-two years operating under different
systems, have been in suspension for GER
talnly one-thirsl of the entire period.
'"'sD Oic'Sh btHkS WIN less than
$27O,090,000, have circulation at par with
gold the world over of about 81 ,25O, OOO.-
900, or little over four and a half times
their capital. a 5aai 4t3 y
Oar two thousand national banks with
capital of 100000, 900, have circulation
of only $40, 100000 or SIG, oOO, 900 less
even than their capital, at discount be-
low par of II per cent, and every day
changing. These European banks lend to
individuals and governments four and a
hall times their capitals, their loans to !
individuals being three times their capitals,
while our banks lend less than twice their
capitals to individuals. $500
More money aohieh can be lent 10 The
Peoptc is for as capital necessity. 1t is
not contraction or expansion, but Aoao zoe
can increase Tie iOanable means of Me
country and thus reduce the rate of interest.
Allihese ends will be accomplished, we
think, by the bill for the national ex-
eheguer which was introduced by Colonel
Plat and referred 10 the committee ON
and currency.