davidaulloa/AmericanStories huggingface dataset:
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08

Senator Thurman says that the race for
the presidency lies between him, Bayard,
and Hancock. What has become OF Tilden?
In our opinion he is looming up just now.
Why nominate Hancock? We want states
men for presidents, not military chieftains.
Grant has settled that question.-LouiSa
Record
No one knows what presidential candi-
date now in the race will be the first choice
OF the Virginia delegation ut st. Louis. II
they are anxious for 4 sweeping Democratic
victory this fall and reform in the General
Government let them stand firm for Tilden.
Culpeper Observer.
The Republicans at Washington are de-
lighted with the late message, and pro-
nouncc it the cleyerest hit President Grant
ever made. The Democrats admit the force
OF the Presidents arguments and the. cor
rcctness OF his conclusions.
Governor Richard Coke has been elected
United States senator from Texas. He is 4
Virginian by birth-a brother OF John A.
Coke, Of Richmond.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
M GOOD NEWS FOR THE LADIES
I>-r, r,,vEpv nNEI

H~ GOOD NEWS FOR THE LADIES
AND EVERY ONE.
WILLIAM TTALII1IER, COL Broad street,
is receiving daily additions to his extensive stock OF
DRESS GOODS, BLACK GOODS, CASS1MERES,
NOTIONS, &C., which will he sold 1T the very low
est CASH prices to suit any one. Among the bar
gains to be had are ..-.- .
PLAIN. PLAID, and BROCADED POPLINS, &C.;
BLACK and COLORED SILKS,
BLACK GRENADINES, BLACK ALPACAS,
CACHMIRES, DELAINES, SC.
Also, FULL line Of LACE-STRTPE MUSLINS,
PIQJIES, BISHOP and VICTORIA LAWNS,
SWISS NIUSLINS, and lots Of other WHITE
A large stock of LADIES' and CHILDREN's SILK,
SERGE, and .G1NGHAM PARASOLS, at the
very lowest prices
A large and cheap stock of CASSIMERES, LIN
EMS. and TWEEDS, for mems and boys wear.
Also, full line of CENT? EMEN'S FURNISH
ING GOODS ut low prices. full stock of SASH
RIBBONS, SILK and LACE SCARFS, CORSETS:
KID GLOVES speciality; WHITE and STRIPED
HOSE, and lots of other goods too numerous TO
ton.
Country orders solicited and promptly attended so.
For cheap goods don't fall to cal on
WILLIAM TEALHIMER,
ap2 5 60l Broad street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08

The Richmond agcnts-Messrs. WooD-
HOUSE d PARHAM-have laid upon our table
the April No. OF the British Quarterly Re-
3.ie1r
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08

Go to Washington, CAMERON md GRE
CORY, and come back and stop that talk
about what dye call him. Go and get
posted.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
for sale by
j. T. ELLYSOS,
BOOKSELLER AND STATIONER,
1l12 MAIN STREET,
three doors above Dispatch Office

Any of the following books will be sent postpaid
to any address receipt of the price:
IN A WINTER CITY. A story of To-day. BY
ONE SIGH rs MYSTERY. BY May Agnes rlem-
@ 55sESf 2yb E 4GHs ST 5Ss Wa W
TIE 9Sk fA 4 iSt #9HS By jo99aS s Ms a:, e.
THE f''t MEMOIR OF SDRMAN MACLEOD, D; D.
BY his brother, Rev; Donald Macleod A Two
PLAT0's BEST THOUGHTS. Compiled from Pro-
tcssor Jewett's translation OF the Dialogues OF
ARMS AND ARsIoR IN ANTIQUITY, AND THE TIL;
MIDDLE AGES; ALSO, 4 pESCRlPIlON OF
TIE H2 9EH q E5AESSS sHfaS$SAs
BAS S3S saf HIs sesa' 81 Eli UNITED
pieted In six VOLUMES; volumes l., H., and III.
TIE EG BIBLE iia3s wdRD-Book. BY William swinton
a HANDBOOK OF PROVERBS. Collected by
TIE Ecn HXB 81 Sor on COOP SOCIETY. A. hand
book of etiquette for ladies and gentlemen
THE fli cHALDEAN ACCOUNT OF GENESIS, cor s
tanning description Of the Creation, the Fat
of Man, the Deluge, and other interesting mat
rnss Gi MIn Sates and Illus
trated By nearly six hundred sketches by VIII
liam Makepeace Thackeray. S3:75:,n,r,s
A HISTORY OF INVENTIONS, DISCOVERIES
AND ORIGINS. By John Beakman. Two vol
BIBLE LANDS Their Modern Manners and Gus
toms, Illustrative OF Scripture. 50.
HUbIE'S HISTORY OF ENGLAND. q Volumes
WAVERLY NOVELS. Library edition. vol
umes. Complete. $1,000. ,,,. d..
GOSPEL HYMNS AND SACRED SONGS. by
Moody and Bliss Without music, i'll paper, &c. )
by mail lie. each additional. With music, zoe.
In paper: soc. In boards; &c. each per copy aG-
dltiona If sent by mail. 49, ,,
In addition to the above, have full line OF STE
REOSCOPIC VIEWS OF RICHMOND MD VI
CINITY, fine assortment of STATIONERY, and
ali the latest MAGAZINES and NEWSPAPERS.
VISITORS GUIDE TO THE CENTENNIAL En-
nIBITION AND PHILADELPHIA. % cents.
LIVES AND PORTRAITS OF ALI. THE PRESl-
DENTS FROM WASHINGTON TO GRANT,
to which is added the Constitution OF the United
THE ' RISE Q or The DUTCH REPUBLIC, three
volumes. $1,000.
CHARLES DICKENS'S WORKS, SIX volumes
$1,000.
volumes. $3.50.
Address all orders to j. I. ELL4SON,
1l12 Main streeS
ap29 three doors above Dispatch Office.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
D1ssOLUTIoNs g. PARTNERSHIPS.

TNHE PARTNERSHIP HERETOFORE
Il existing between Mr.. W. NJ JONES and myself
having been dissolved OH the lst OF May, 1876 by
mutual consent, have opencda
FAMILY GROCERY-STORE
at No. Sol, corner of Third and Broad streets,
where will be pleased to serve my friends and pa
irons. ROBERT >. CHAMBERLA1NE.
MAY 6, 1876. ,.... my S-1w
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08

To the Dispatch: 'Twas the heading of
your telegraph; you can't wire out OF it,
Inde1-Appeol.
Beg pardon.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
EXCURSIONS.
Personal.

INFORMATION is DESIRED OF THE
4 whereabouts of WILLIAM CARTER icolored).
He was formerly owned by DR.. Peteriield Trent and
left Richmond to 20 south during the year 1857
or SOS since which time lie has not been heard OF.
l. his brother, will he most thankful for any informa-
ton that will lead to the knowledge OF his where
abouts Address ABRAHAM ~ LER,
care of G. G. Thon, 1861 east Main street.
my S-1tt
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
nTCOHEN BROTHERS, having beco

HCOHEN BROTHERS, having become
the purchasers of an entire cargo of MATING
which had been seized by revenue officials, ena-
bcd to sell it below any price ever known for mat
ting.
They are also in receipt Of Il large quantity of
FLOOR OIL-CLOTH below usual price. my3
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08

CoRREcTloN.-"P Polite journalism y is
what we tried to say last Saturday-not
q polite jurisdiction"
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
NJ NEW GOODS! NEW GOODS!
NEW GOODS!
THIRD LARGE SUPPLY FOR THIS SEASON!
oyEI THIRTY-FIvE THOUSAND DOLLARS
WORTH OF GOODS ARE NOW OPENING
AT COHEN BROTHERS,
ASTONISHING PRICES! DRY GOODS STILL
COMING DOWN!

Among the many thousand bargains are
BLACK GRENADINES, in The new Resllc Mesh;
IRON GRENADINES; ... -.
BLACK ard COLORED SILKS;
BLACK ALPACAS, the best make and at new prices.
The largest stock of DRESS GOODS ever offcrcdin
tic city, from the lowestpriccd to the finest goods
imported. Sec their great reduction in price:
500 pieces of the best PACIFIC LAWNS at price
they were never sold before:
$50 pieces GA and 1O-4 SIIEETING;
1900 pieces HAMBURGER EDGING and INSERT
ING, in new designs and at new prices;
Another lot of 500 C0RSETS just received;
Also. the latest productions in PARASOLS;
200 pieces CASSEtERES at fully half their value;
80 pieces WHITE PIQUEs, from auction;
10 dozen KID GLOVES, the best and cheapest in
this city.
FRENCH and AMERICAN NAINSOOKS,
FRENCH ORGANIZES,
SWISS TARLATANS,
and every class of WHITE GOODS at still greater
reduction. my3
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
CARDozo, FoURQUREAN & CO. :


WILL opEsoS
MONDAY MAY -sru,
SO pieces elegant styles, ncst-quallsy Pacific
:PERcALEs at greatly reduced prices;
Also, large additions to our stock Of DRESS GOODS
at lower prices than same quality or good, have
ever sold for; sa.lyslsr u
We call special attention 10 our as and Soc BLACK
IRON GRENADINES, which we offer as bar.
gain; .,'l',, t..s.A y
Also, handsome styles Of PLAID and STRIPED
GRENADINES for dresses and ovcr-drcsses.
just received another new lot of BLACK and ECRIr
LACE-TRIsfsiED cANoPY-Top PARAsoLs:
very stylish; ~, IT,
With large additions TO our SILK STOCK, both In
plain and fancy, which We are Offering q. very
attractive prices. $50 aa
my6 IL .>i ) s.-=.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08

u N
BEAUTIFUL LAWNS, Ike;
PRINTED ,JAGoSETs, 12I4c...
CORDED P1QUEs, 12kc.;
LACE STRIPE PIQuES. zoe. woraf, Doe:
LACE and EMBROIDERED STRIPE PIoUEs.
25c.s worth 60c.;
PLAID and STRIPED WHITE oRGaSDrEs asc
worth Coo; ="
EMBROIDERED NET, for Basques and Oyer,k,,4,
S1.75;
VICTORIA LAWNS, l6;sg, 20, and 25c.;
BLACK SILKS from 75s. to So;
'GENTLEMES'S GAUzE SHIRTS, zoe, 75c.. and
LADIES' GAUZE SHIRTS, TIC. and 81:
CHlLDREN'S GAUZE SHIRTS at all prices.
one dollar VIII buy q EINEN.BosOM SHIRT, mad
Of Wamsutta Cotton and 21o0 Linen.
COURTNEY & POWELL.
my sl5 Broad street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
puorEssr0NAL CARDS.
a,.aILnRES.s cARRlAaEs. sc:

-s-----.~~ = -, i, RI vg-yG VI
II HAVE THE L An Y .sp 49, 49,
81 snRs In he CITY. Iali and SCI sis H s.ir
slssssins- Coach. MEDIA. awarded ~ N
1870 for the hest carriages. xeh,nSe,
S-a,s esn ssss money hy purchasing 'sVni
establsaed house No 81 BroadI ass S sRoLD
NH "a he
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08

EUROPEAN MINERAL WATERS.
PULLNA WATER, from Bohemia;
FREIDRICKSHALL WATER, from Germany
VICHY WATER, from France;
CARLSBAD WATER, from France:
HUNYADI-JANOS WATER, from Hungary.
AMERICAN MINERAL WATERS.
CONGRESS WATER, from Saratoga Springs;
HATHORN WATER, from Saratoga Springs;
ROCKBRIDGE ALUM WATER,
ALLEGHANY WATER,
BUFFALO LITHA WATER,
GETTYSBURG WATER,
for sale by the single bottle or case at
MEADE BAKERS Drugstore,
ap24 9l9 Main street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
COME ONE! COME ALL.

HOME ONE! COME ALL.
LEVI HEXTER's,
627 BROAD STREET,
and supply yourselves with some of those beautiful
cheap TWO-BUTTON KID GLOVES.
| SILVER and GILT TINSEL TARLETANs, for
May balls and parties; -. si1aef
Misses OPERA-SHADE KID GLOVES, all sizes;
Misses BRAIDED and EMBROIDERED PIQCE
and LACE BONNETS; .H
and an endless variety of
CORSETS, FANS,
PARASOLS,
SASH RIBBONS,
TOWELS, NAPKINS, and
DRESS GOODS
Also, CASHMERE LACEs. TIES, INFANT
BIBBS, and many other goods too numerous to men,
ton all of which will be sold at the LOWEST CASH
MARKET PRICES. ..
Country orders will meet prompt attention.
mp 20 4
NEW GOODS! NEW GOODS!
T. FRESH ARRIVALS THIS WEEK.
LAWNS of the newest and most desirable styles at
PARAsoLs OF all designs In plain, boiled, s~l!led
silk, and Turkish Serge:
An excellent line OF WHITE GOODS, embracing
PIQUES,
PLHTD and STRIPED NAINSoOKS,
VICTORIA LAWNS,
EAfBR0IDEislES and LINENS.
Also BLEACHED and BROWN C0TTONs OF all
the popular brands;
BLEACHED and BROWN TABLE LINEN
WINE CLOTH, NAPKINS,
TOWELS, HANDKERCHIEFS, etc.
would call special attention to u line OF
LOW-PRICE PRINTS,
CHARLES HIJTZIER,
ap26 Gil Broad street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-05-08
5soons. srArrosEnY. a. 8.

a ~ ,'Y ss1ts FROM RoME, 1879.
BURE, JONES 3 and GIRARDlN,s VIRGINIA, Il
coa sSei P Pr and BIB d 17s7.s ].
DOpINIToN'S DlARY--Timesof George Second
Ec6aSo siY OF HUMAN LIFE, 1898;
FROISSART'S CHRONICLES, 4 vols, 1914:
HEROINE; on, ADVENTURES OF CIEauB1No
1TIN Nh 8, 8 on, MEMOIR OF AN ACTOR, z
JOURNALS OF CONGRESS- vols. 1774-7e.
K aIsI, Goo 2Si Novel, 5g Neal
MoLIERfss WORKS On Englisl,, 8 vols. 1882;
OLIVE Ny9k sRaNSH: 81, rAUnrsBorn SIDES,
PhiNE's foEiTfGGA1. WORKS 2 vols, 1857;
QUTNTITIAN'S TNSTfT UTES, q vols, 1774;
RA5ISEY'S (ALLEN) POEMS and LIFE, vols,
sYISEI's eAIeERNoN, LIFE AND WORKS,
S4sls $5 yHHp H s5sR
vOLNEY'S RUINs OF EMPIRES, 1901;
WHOLE DUTY OF MAN, by sNeaI, 1851: lEi
NENOPHON,S INSTITUTES OF CIR Us, 1910;
YOUNG'S DR. CENTAUR NOT FABULOUS,
zooSoSMIA; OR, LAWS OF LIFE, by Darwin. 2
Rare works not to be had elsewhere arc usually
found at 1918 Main street. =, I,
OLD BOOKS Of all kinds are bought for cash or
taken In exchange myS
The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1876-06-29
Duties of Daily Life.

Life is not entirely made up of great
evils or heavy trials; but the perpetual
recurrence of petty evils and small trials
is the ordinary and appointed exercise Of
the Christian graces. To bear with the
failings of those about us,-with their
infirmities, their bad judgement, their i'll
breeding, thei- perverse tempers, to
endure neglect when we feel we deserve
attention, and ingratitude where we
expected thanks,-to bear with the COM
pany of disagreeabls people whom PrOvi-
dence has placed in our way, and whom
He has provided or purposed for the trial
of our virtue,-these are the best exer-
cises of patience and self-denial, and the
better because not chosen by ourselves.
To bear with vexatIon in business, with
disappointment in our expectations, with
Interruptions of our retirement, with
folly, intrusion, disturbance,-in short,
with whatever opposes our will or con-
tradicts our humOr-this habitual
acquiescence appears to be more of the
essence of self-denial than any little
rigors or Affections of our own imposing
These constant, inevitable, but inferior
evils properly improved, furnish a good
moral discipline, and might, in days Of
ignorance, have superseded pilgrimage
and penance:-[ Hannah Moore,
The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1876-06-29
The Bitter Lakes of Egypt.

Mr.. de Lesseps communicated last
week a paper to the Academy of
Sciences on the bitter lakes of the
isthmus of Suez. One Of them has q
salt-bank in its center, and one of the
chief problems connected with it was
whether this vast basin could be pro
Vided with sufficient supply of water,
and how long the operation would take
in consequence of the evaporation and
absorption of the soil dried pp for CEN
turtles past Mr.. de Lesseps states that
no difficulty whatever was experienced,
the lake had received, in round numbers,
l, 100000, 900 Of cubic meters in the
course of seven months, from the 18th
of March to the 9th of October, 1869.
But long before the lakes were inun-
dated theoretical writers had predicted
they would be dried up again by the
action of the sun, it being impossible
to supply sufficient water by the two
branches Of the canal the sections of
which were too narrow. The proportion
of salt contained In the water rose con-
siderably from the beginning, and al
though the sOunding5 taken at various
periods showed that the dissolution of
the salt-bank was the principal cause of
doubt about it. The last investigations,
however, prove that the dissolution con
tinues, and that the proportion of salt
is visibly diminishing, Notwithstanding
this process, combined with the effects
of evaporation How can this phenOm-
enon be explained? 1t can only be by
the currents. The considerable differ
encs of density existing between the
waters Of the Bitter Lakes and those Of
the extrem tiles Of the canal must create
ground currents by which the heavier
waters 20 to the sea, while the surface
currents carry lighter waters to the
| lakes in order to make up for the loss
by evaporation A practical conclusion
may be drawn from these results, which
only confirm the principle of equilibrium
| in vessels communicating with each
other; it is this, that comparatively
| narrow oriice suliGes to prevent vast
sheets of salt water, however far from
the sea; from concentrating under the
solar influence in hot cOunries.-i Pail
Mall Gazette.
The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1876-06-29
Married Women in Society

In concluding lengthy and discrimi-
mating editorial on the American custom
of ignoring women as soon as they are
married, the st. Louis Republican pays
married women the following merited
compliment, which we commend to the
young men of society:
Why should married women be thus
tabooed2 The fact that they have taken
another name and assume other RESPONSE
biIities does not deprive them of single
charm they had before. They can con-
verse Just as well, dance just as well and
are Just as agreeable in every respect as
before they wore orange blossoms and
slipped on the plain gold ring. Yet,
unless the husbands organize mutual
attention club for the benefit Of their
wives, the latter usually have the dullest
of dull times at parties, receptions and
balls. Young men, if they only knew 1t
but unfortunately, they don't know it
can derive far more social and intellect
ual culture from a sensible married
woman than from any except select
few of the unmarried sisterhood. They
meet the former on a different plane;
there is no pruvocation to Irritation, no
inducements for the display of that pes
tiferous talent for small talk which girls
are supposed to admire 50 much; they
put upon their metrle at once, and if
they have brains above pianO-stool
must prepare to show them then and
there. An intelligent, warm-hearted,
clear-headed married woman is the best
educator young man can have. She
has the faculty of taking the conceit out
of him without irritating the cuticle OF
his pride. She can inject ideas into him
without lis suspecting it; she can cure
him of some of the worst forms of mascu-
line foolishness, without letting him
know the necessity or the extent of the
operation she can praise him without
suggesting fattery, rebuke him without
suggesting superiority and she can
make him wiser, happier and better
without lesseniRg his dignity nor cOmpro-
mising her own. No young man knows
how much he doesn't know until some
fortunate chance furnishes him with such
friendly counsellor.
During the last twenty years we have
recOns tructed almost everything in this
country. Is it not time the reconstruct
ing band was laid upon the social en-
bar1o which leaves no room in American
society for old women, and only wall and
corners for those younger ones who have
had the courage and self-sacrifce to
enter the holy bonds of wedlOck2 Where
is the istripid soul, whether clad in
broadcloth or silk, who will inaugurate
this new, inparatively demanded, and
| sure-to-be-successful crusade fer woman s
| rights2
The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1876-06-29
and makes the poet more

aflatus and makes the poet more
musical.
The pulsatien Of our hearts duiokens
as we contemplate its power for good,
and glow Of honest pride mantles our
brow when we rem ember the great ends
reached through Its means. How streng
we feel when we buckle on our armor
to fight some gigantic fraud, or to expose
to the destroying light some subtle cor
ruptiOn. We should strive to strentheu
/ the bands that aite us; all should be
thoughtful of the interest of each; let
the strong assist the weak and let the
weak lean on the strong in that sure con
hnderce begOtten of tie perfect love
That casteth out fear. 1 will give yon
the opinion OF man, worthy of belief,
expressed century ago, and if true
| then, how much more true it is now?
Il never derive moro benefit, or see
more pleasure for the time than reading
a newspaper which has lately issued
| from the prcsS, do really believe that
nothing adds so much to our country as
newspapers. Liberty is stamped upon
Its pages, and even its fold is marked
with freedom. Do you want to know
now your country thrives, point you to
| the Press. Are Won fond of
miscellany, look there. Under
all these considerations, who is there in
TINS land OF freedom yho will not attend
TO an objectso worthy of his regard"
feel, my brothers, that after the ad-
dress of cur worthy President before
yeu last year, so full of power and re-
search, and the gay little bonnie -bouche
OF The graceful editor of the Courier
Journal, whose facile pen makes his
readers cease to regret Prentice, my own
small effort will fail to interest you.
!DesPIte The feeling of a herring sporting
IN the waters OF whales, [ ask you to be
IleVe L meant to please you. know my
poor earthen pet must come to grief,
HoatIDS on the stream with others OF
more prlncely material, but l feel the
nonOr OF being in such company tho it
! damage me. In listening to B3rbiere's
Balance OF Power we would enjoy atreat,
every faculty of thought brought into
active enjoyment and fully gratiied;
! whilst Watterson spoke it seemed 80
easy to string pleasant ideas into q neck
lace of pearls and form thought into a
parure of diamonds. 1t was my hope,
knowing l could not compete with the
thunder or make music like the ripping
OF pleasant waters, that l might get
through without Furnishing you too Sc
verely. Truth is truth, and these words
have been speaking seem to me but
the bubbling of a shallow brook; but I
beg you to think l have thoughts
worthy of your attention, but they lie
too deep for utterance. However as
Miss Collins sweet aftermath left a de-
Ightful perfume over the close of CUR
last meeting l feel confident the muse
OF Mrs. Graves, breathing her rhythmic
music will cause you to forget these cru
ditIes 1 furnished FORTH Nashville
American.
The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1876-06-29
Prepare For It.

It is the part of wisdom to consider
frankly the fact, that all human proba-
bility the existing Resumption act, in all
its ubiquitous cruelty, will stand and
that contraction Will so on more rapid
ly each month. The present Congress
has shown that it means to do nothing,
and a new one will not come in till
about 1878. We have no assurance that
1t will be different, and even if it should
be the work Of contraction and cOnse-
quent ruin will have chiefly been
wrought by that time. 1t is therefore
the part Of wisdom to look at this mat
ter frankly, and prepare for it. No
thing, in our opinion, will bring any re-
lief through Congressional action, the
repeal of resumption act or other meas
ures, except q complete revolution of
opinion in the members of the present
Congress. We see no sign of that, and
have little hope in that direction.
The rapid contraction now going on
among the national banks is wholly due
to the fact that they sec the futare in
the same light The greenback cur
reDcy is the only available one for the
redemption of national bank notes. The
contraction of the greenbacks is going
on very rapidly, and when 1879 comes
the outstanding greenbacks ceases to be a
medium for the redemption of bank
notes, and as there is no accumulation
of gold to redeem with, and can be none,
to any considerable amount, the banks
will be forced out of existence or into
liquidation and the latter process of wind
ing up being expensive, they are taking
thine by the fOrelOck." by surTendering
their circulation and thus contraction in
this direction Is also going on rapidly.
| The First National bank of this city,
several days ago surrendered one half of
| it's capital stock, five hundred thousand
dollars, and retired that proportion Of
| its circulation. This fact has not found
its way into the papers, but it Is true
nevertheless. No doubt others of our
national banks have surrendered stock
and circulation, but these things are
done quietly for obvious reasons, and
| the press gets to hear little about them.
/ Just in ratio Of the contraction of the
| greenbacks and the approach to che day
| when the resumption act goes into effect,
| so must be the surrender Of the national
| bank circulation. Accor ding to the esti-
mates of the shrewdest fnaneiers, when
the resumption act goes into effect, this
country will not have more than one
hundred and fifty millions of specie,
including the silver, to base the currency
circulation upon, or In other words, to
redeem the outstanding currency with.
So it is plain to be seen that the cur
rency volume Will be a precious small
one compared with what will be needed
Great prOstratiOn and ruin of business
must inevitably follow this policy, but
from all appearances the country Is
doomed to it. and it is wise to prepare
for the worst Indiana Farmer.