davidaulloa/AmericanStories huggingface dataset:
National Republican., 1876-01-11
LOST NATIONAL CURRENCY.

The article in the NATIONAL RErUE-
LIcAN of the 4th instant, showing that by
law national banks are eventually COM
peIled to redeem the whole amount Of the
circulating notes issued by them, and that
they therefore receive no profit from notes
lost or destroyed, was not especially in
tended as a criticism on the eviewsexpressed
in the Sunday Herald of the I'd instant on
this subject. The criticism Of those views
was incidental only. The article was more
particularly intended TO correct false i'm
pressions which have been made upon the
minds of many persons throughout the
country by misstatements similar to the one
in the Herald alluded TO. The notice
taken of the so-called criticism by that
paper in its last issue will serve good pur-
pose in again attracting, to moderate de.
gree, perhaps, the attention of the public
10 the subject. By re-readlng the article in
THE REPUBLICAN they will see that the
law on the point in dispute was there fairly
and clearly stated.
There was no question made az to the
fact that national banks derive legitimate
profit from the circulation received and
issued in loans by them. This profit has
been shown in the last report of the Comp
troller of the Currency 10 be much Smaller
than is generally supposed. But the Her.
aid in It's first article spoke of a profit, over
and above the one On loans, derived from
notes lost or destroyed. Its words were ::
" But this perpetual loan of the amount of
"their circulation is not all the banks get
"There is (besides) a constant amount of
paper money whl.h is lost and destroyed
''bY wear and tear, by accident of fire and
"fiG cd, &C., which is never returned for
" redemption, constituting another ele-
"ment of profit to the banker. The word
in parenthesIs is inserted for additional
clearDtss.
The only time when it Can be determined
whether or no there is any profit from this
additional source is after the banks have
wound up their affairs, and after the cir
culation issued by them has been redeemed.
In the article in the NATIONAL REPuBLI-
CAN it was shown that the only ways IN
which the affairs OF National banks can be
wound up is by a receiver in case of fail
ure. and by going into voluntary liquida-
ton. The latter, banks either may do at
any time by vote Of their stockholders,
or are compelled to do at the expiration ol
their charter. In this connection it may
be stated that by law National bank has
corporate existence for twenty years only,
from the date of IFS organization. By
whichever of the two methods named the
affairs ofa National bank are wound up, such
bank is legally required to provide for the
redemption of the whole of its issue of cir,
culation which may be outstanding at the
National Republican., 1876-01-11
JAY eoULDs swINDL1Ne RAILROAD.

The following extract from the Wash
ington correspondence of the New York
Herald gives some information regarding
movement to protect the Government
against the rapacity of Jay Gould, which
deserves general attention. Congress
should not hesitate to adopt rigorous meas
ures to bring this man and the swindling
company of which he is the representative
to terms. The people begin to understand
that the Union Pacific is no longer entitled
to be considered national enterprise, but
simply and plainly as leech upon the tax
payers The Herald writer says:
sThe defeat Of the Government in its issue
with the Union Pacific railroad, when tried
both in the Court of Claims and the Supreme
National Republican., 1876-01-11
mint officers
slel.5l2lel sss. 800, ,753


Taking 1888 as basis of comparison, the
returns for 1874 show a decline in twenty
one years of nearly twenty-five per cent.
in the gold production, while the supply Of
silver has increased at rate of nearly 100
per cent, and with the prospects of a still
further increase, as new developments are
made upon the famous Comstock. This
increase of production, combined with
other causes, has tended to greatly reduce
the price of silver and lessen the profits Of
the mine owner Another important effect
and one which seems TO have escaped no.
tice in the country, is that the fall in silver
has reduced the gold value of the legal
tender silver coins Of European countries
about 81 per cent. less than their tale
or nominal value in the moneys of ac-
count they respectively represent. But
while it may be said that the supply Of
silver has increased at a rapid rate within
the past fifty years, yet the ratio of decrease
in the gold production is not so great as to
occasion alarm among the hard.money
people, or to strengthen the work Of the
ipfiationists. On the other hand there is
good reason to believe that second Cali
fornia will ere long be discovered, and
that the prospects ofa gold famine are so far
in the future as to be of but little considera-
ton in the present.
National Republican., 1876-01-11

more for the nation than has fallen to the lot
of any one since the Government was founded.
And as they have not been so fortunate as to
satisfy their desires and ambitions at his hands
heretofore, they fear and are impatient Of the
same In the four years 10 come.
Gen. Grant has said no word to indicate a
desire for the continuance of the cares of Office,
and the course toward him has been malicious,
unmanly and ungrateful. Such conduct is
doing more to make third term possible
than all the efforts the President or partisans
could possibly do. The people are honest,
they are not ungrateful, and they are just. If
Grant is called to third term, his detractors
will owe the fact to themselves. Let them
take care that while they repeat the events of
1872 that history aud the people do not repeat
their parts as well.
For fourteen years the great interests and
the destinies Of the nation have rested upon
the shoulders of General Grant, as they have
done at no time anu no such degree upon any
other since the adoption of the Constitution.
In field or in Cabinet he has never failed of
public demands, and has to-day record un-
sullied ana a career the most modest and sue
cessful in all history. Let his enemies not
think these things are forgotten.
National Republican., 1876-01-11

Court, has spurred all the parties interested
to fresh measures for bringing this grasping
corporation to a sense of its obligations. In
the first place the Secretary of the Treasury
is in no hurry to pay the $4,000 awarded by
the Court of Claims, and confirmed as due by
the Supreme Court, until he is satisfied the
road has paid up its Indebtedness to the Coy
ernment on account of the five per cent. tax
imposed upon its net earnings, and payment
of which is refused on tho ground that the
company has had no net earnings since its in
corporation, suggesting the inference, cons'-
quently, that dividends have been paid 10y sale
Of lands. In the next place, the agents
of the company have been at work to
defeat all proposed rival Pacific rail-
roads, such as the Texas and Southern
Pacific enterprises, and this meanness has
drawn down upon the company the indigna-
tion of the Southern and Southwestern mem
hers, who favor these latter roads. The oppo-
siticn of the several interests antagonistic to
the Union Pacific is united in measure now
maturing under the auspices of some OF the
leading members of the House, proposing the
repeal of the companys charter and forfeiture
ofits franchises A step in this direction was
taken in the Senate the other day, when bill
was introduced requiring an investigation as
to what means were necessary to compel the
company to paw its interest to the Government
as fast as it fell due, but the newer movement
intends to 20 further and demand the repeal
of fthe company's charter as means of secur-
ing the Government against the loss OF the
subsidy granted the road. Had the Supreme
Court decided in favor of the Government In
the issue with the company this severe punish
ment might not have been resorted to, but the
obstinate determination Of the company to get
and keep all it can has aroused Il feeling OF
indignation that will not be satisfied with less
than an effort to deprive it of its franchises.
which are well known to have been forfeited
both by the Credit Mobilier frauds and by the
gross violation of the provision of the charter
requiring the stock to be paid for in money,
especially as Congress reserved the power to
alter, amend, alter or repeal the act creating
tie corporation, and as the select committee
of the Forty-second Congress on the Credit
Mobiier swindle did at that time report their
opinion that the facts would furnish ground
for Judgment of forfeiture of all the franchises
of the corporation, including the principal
franchise to be corporation, On proper pro
cpSs ~
National Republican., 1876-01-11

time, regardless of the fact that many OF
the notes may never be presented.
The Herald, in its first article. stated as
clearly as possible, as may be seen from Its
words quoted above, that National banks
derived profit from notes lost and destroyed,
in addition to the profit on circulation
loaned. This statement, as far as the
profit on notes lost and destroyed is con-
cerued, was said TO be untrue. The
law shows it is "untrue." The editor Of
the Herald, by admitting that he stands
corrected as to what he enormously calls
the exceptional care of banks in voluntary
liquidation, admits that it is "untrue.'
The liability to destruction by accidents
or by ordinary wear and tear is common
to all descriptions of paper money. and the
person who is SO unfortunate as to lose one
hundred dollars by the contiagration of his
house or shantY, whether ''Pat. Riley" or
John Smith, loses his one hundred dollars
in greenbacks just as efectually as he does
if they were National bank notes, except
that in the latter case he has the additional
privilege of swearing at the banks.
National Republican., 1876-01-11
lies and negroes,

TuE geological developments of the
State of Minnesota keep pace with her
agricultural prosperity. To her iron, COP
per and silver, she now adds red and white
granite, equal in all respects to the famous
GRANTEES of Scotland, susceptible of high
aud lasting polish: lneNhaustible in quan-
titv. and in close proximity to the river,
lake and railroad transportation to all parts
of the country. The value of this discov-
cry is incalculablc, especially TO the West
and South, where really good building
stone is seldom found. We may predict
for item elegant edifices, built of granite,
elaborated with polished columns and trim
mings in red granite from these quarries
recently developed, and lying in Stearns
county, near to the city Of St. Cloud, Min
npS0ta
National Republican., 1876-01-11

Iris SAID that there are Southern States
which have no representation in the offices
nor even if The higher grade clerkships OF
the Treas'r Department. They have
creditable R publican material from which
TO select fo. such vacancies as may occur
in these post ons, and as under the law
proyiding tor the distribution of appoint
mcnts according to population some o!
them properly belong to the South, the
selection of any suitable Southern Repub-
lican to fill any of the positions named will
be very gratifying to Republicans gene,
roi1p
National Republican., 1876-01-11

Ben. HILL, Of Ca, has the floor on the
amnesty bill IN the eN-Contederate House
of Representatives to day. 1t is understood
that he will make an exceedingly Conserva-
tive speech; at any rate his Democratic
friends have advised him TO be as mild as
he possibly can under the circumstances.
lie will undoubtedly refrain from any allu-
sion TO the set that in times past he was
accustomed 20 take a "Digger' as retainer
in any lega! case in which he happened to
no anDlOyttl
National Republican., 1876-01-11
Repesters

From the Kansas City Journal Of Commerce
History repeats itself-men repeat them
selves. The sessions of Congress preceding
the last Presidential election showed the most
remarkable combination to crush an occupant
of the Presidential chair since the coalition
against Gen. jackson. Beside the political
opposition springing from party rivalry, there
was q catal of seceders from the ranks of the
Administration itself. Let us name-Sumner,
Trumbull, Fenton, schurz, Tipten, in the
Senate: Greeley, Adams, Brown, and others
out OF Congress; the Tribuncs of New York
and Chicago, Commercial of Cincinnati, the
Republican of Springfield among the journals
the coalitions at Cincinnati and Baltimore.
Was ever a more formidable coalition known
in the history Of American parties! Then
look at the weapons-military usurpation and
imperial purposes, San Domingo, the German
arms, the New York custom house frauds, the
s'sword of Louisiana" the oppression of the
South" reconstruction, ETC., etc. For six
months the legislation demanded by the ill.,
terests of the nation was neglected, commit
tees of inve stigation were perambulating the
country, and day after day the halls OF Con-
sress resounded with the fiercest denunciation
Of Gen. Grant and the Republican party. And
what was the result! The nation rose almost
as one man, nominated Gen. Grant for re-
election in the largest and most enthusiastic
convention ever held in the history of the
country, and elected him both BY popular
and electoral majority unparalleled In the
later history Of the Republic.
And where are the charges then madei
Dead, by the logic Of results baseless, in the
face Of facts since known to all men, and the
wisdom of the policy assailed vindicated by
the most munifcent results.
To-day many Of the same men are at their
old work of hate and detraction. To-day the
public ear is fretted with the detected rascal
ities of score of dstllers and revenue officers,
and, in the face of the most prompt and sue
cessful prosecution Of frauds ever knoyn by
the authorities, the fair name of the foremost
of all living Americans is sought to be tar
nished by dragging 1t in the mire of these de-
velopments. The very halls of justice are
made to echo with the purposes of faction, and
the name OF the one man upon whom all that
is TO be done rests, and by whose act all that
has been done depends, is insulted by denunci-
alton and infamous suggestion.
And what for, and why! Simply because
men fear that the people may again manifest
their confidence in the man who has done
National Republican., 1876-01-11

'fOUR PEOPLE don't want school teachers
and preachers down here" say the White
Liners of the South. They do not want
the negroes educated at all. They do not
want the poor whites educated because
they desire them to do their own bidding
blindly. Tnis they fear they may not be
able to do if the blacks and poor whites
become intelligent enough by education to
think and read and reflect for themselves.
''0ur people, it should be explained, only
means white persons of birth, property and
education. 1t has 40 reference to poor
whites and negroes.
National Republican., 1876-01-11

THE shadows of Audcrsonville have been
evoked in the ex Confederate House OF
Representatives. Mr.. ex-Speaker Blaine
is entitled to the thanks of the loyal people
of the country for having refreshed the
public memory regarding the character of
the men who now represent the Demo-
cratic Southern States in Congress.
National Republican., 1876-01-11
RELIGIOUS NOTICES.

srGRAND BEKEFIT CONCERT,
BS THURSDAY EVENING,
January l3, 1876, At McKendree N. Z. church, MAS
sachusetts avenue, near Ninth street northwest In
aid of the Northeast ii. z. Mission church. No.Sl3
ii street northeast. Choruses, quartettes, duets
and solos by selected choir Of fr:y voices OF our
best amateur artists; Mr.. G. Burlew conductor, Mr
j. w. Parker pianist. Tickets 50 CENTS 70 be pro-
cured at the bookstores of J.C. Parker, so seventh
street; &C. Pursell 4se Ninth street, and warren
Choate Co., 9H Penn yivania avenue.
National Republican., 1876-01-11

Mrs. Mix was suddenly aroused from deep
sleep last night by a noise in her chamber, ard
pinching her husband, muttered, "John, I
believe burglar is in the room. 1t may be
Tweed" and Johns head went under the
coverlid as though it had been pushed there by
an eager thunderbolt.
National Republican., 1876-01-11
NEW ADVERTISEMENTS

Outer COMMISSION HOUSE,
y Corner Tenth and streets.
from New York. Ohio and Virginia. SA
Also, selections Of Choice Diaries, in
tubs and pals. Eggs, Poultry, Game -~AS
and Dried Fruits, Arriving oaIly and for ssle at
lowest rates. ID. Il. DUTRON.
National Republican., 1876-01-11
SPECIAL NOTICES.

.ceoISISSSSs1G n 4 GS 1sTGrsr7-~JpOS' r. ECpROS q "
~ sCHUERMANN, after an absence Of sew;
eral years from this city, has recently returned @
services g his former patrons spd
street, or at Reichenbsch's Piano Store; No; 4sS
e~ NOTICE-THE UNDERSIGNED,
sedt to iRs sale oe
On Rm he
and solicit for him Of fns III osTs SdI
' 'ar s%ornsssss viii continue to make our col,
sSr ssIsiss GGHrsh3 s5
~ NOTIOE.-THE ANNUAL MEET
s1Isnce COMPANY Gl of she District Of for
ins ins s'sstGR sss1 se Of ssSsS viii Ssld
Capital in real estate, cash and otner .,as z,o ~
Cspitsl IN premium note:....... I,sSO oo0 90
Lose and expenses for the year end
ing December ~ ). js'1iIEY WESLEY B6i'Ti;ELEk: - "
JaI-wFM. Secretary:
e~KEEP A LOOKOUT FOR OUR
ksSrokY sw on Hez
branches Of business will be represented. Jams
F~sEND IN YOUR CARDS At ONCE
- fer the ALPHABETICAL BUSINESS
CAN. Address Box g, REPUBLICAN, office. jams
s~eGlvEN AWAY TO EVERY SUB.
w tcriber to the ''Catholic Mirror,n
ssPilot, 'sirish-AmeriCan." Irish World"
.sIrish Citizen" 'Irish Democrat and Others,
BY paying years sghscr,pt%iSn i % in advance the
JAMES GELLEW,
ia6-tf T5 Seventh street northwest.
k~RAI LROAD ITCH ETS Al
kS largely reduced rates TO Chicago, Louis
willie and Baltimore and return. can be bad oil brau
Adams, Bl2 L street, opposite Patent Office.
t
National Republican., 1876-01-11

J,gs EArF0EAL REPUBLICAN, HAS A
H.RGER CIRCULATION THAN ANY OTHER
MORNING PAPER IN THE DISTRICT OF CO.
LUNB9A.
National Republican., 1876-01-11

1t would take a munlGcently- endowed cross
eyed man ninety mine per cent. of his time to
keep watch Of all the crooked-whisky devel-
opments being forced upon the public at pres
ent. indianapolis, Chicago, Philadelphia,
New York, St. Louis and half dozen othe:
cities are afflicted with the Simons fraud.
National Republican., 1876-01-11
FOR SALE OR RENT.
BOOTS AND SHOES.

--@~~~CO0-CO-S0-
GHOES! SHOESl!
= FOR THE MILLION iIl~eAn
Ladies' Fox CATERS from 81. Is up; Ladies'
Plain Gaiters from 81 up; Ladies' 6rainY
q up; Boys School Shoes, u andup; Misses School
Shoes, 81 and up; Chidren's shoes, &C., Soc, 75c,
10 IS; Lsdes' Congress, 81; . and up. With afull
line OF Ladies', Gents, Misses and Chudren's
custom work, which will be closed out low for cash.
Every pair warranted, at 1914 and 1915 Pennsylvsn4
avenue. j. W. SELBY. uO0-n
National Republican., 1876-01-11
HIN0R TOPICS.

The man who folded his great Ulster last
week and laid it by with frowns and perspira-
tion on his brow will take it down this morn
iHg, hug it, jump into it and strut off up town
with smile of genuine contentment in his eye.
National Republican., 1876-01-11

Governor Chamberisin's organ predicts that
South Carolina will give large majority for
the Democracy in the coming Presidential cleo
ton, and it might have added without injuring
the truth, that the Governor is exerting every
influence within: his power to accomplish that
result.
National Republican., 1876-01-11

TN THE SUPREME COURT OF THE DIS
l. TRICT OF COLUMBIA, SPEGIAI TERN,
PROBATE JURISDICTION, DECEMBER 2s,
1875.
In the matter OF the Will of MICHAEL He'll: Ap-
plicaton for letters testamentary the estate of
MICHAEL Hell, OF the city of Washington, Dis
trict of Columbi3, has this day been mane by JOHN
HEIL. All persons interested are hereby notified
TO appear in this court on SATURDAY, the 18th day
of January next, 1T II clock n. m, to show cause
why letters testamentsIy the estate of the said
deceased Should not issue as prayed: Provided 8
COPY OF this order lie published once \ week FOR
three weeks in the NATIONAL REPUBLICAN pre-
vious to said day.
Test: A. WEBSTER
Tu3W REGISTER OF Wills.
National Republican., 1876-01-11

THE NATI" ~ REPUBLICAN is published ever
morning (sun,lAys excepted 81 the southwest cor.
uer of Thtrte.-. street and Pennsylvania Avenue,
and Is Furnished 70 subscribers (6y cArriersl at any
cents per mouth.
Mali subscrrr.-rs postage paid, $500 per year;
II 90 for 81. 8. uths, and ECO for three months.
Terms inyar1sntv in advance.
RA ~ OF ADVERTISING
Tuenty-hv, euts per line. Advertisements un-
sar the head ~ For Sale or Rent" "Wsnted,"
Lost and Found, " and personal" " twelve ana
half cents Ger line. , -
Hr All com munications, whether on business OF
FOR publication ,hould be addressed TO "A' e'
cTJ p-onrietor. NATIONAL REPUBLICAN,
washington. ID. C.
National Republican., 1876-01-11

TUESDAY MORNING G::::::::JANUARY IL 1876
National Republican., 1876-01-11
FOR NEW YEARS.

EPERGNES, WATERS, CAKE BAS-
KETS, FRUIT STANDS, URSS, TEA
SETS, CASTORS, FORKS, SPOONS, &c.
Also, a large assortment of the finest quality Of
ENGLISH TABLE CUTLERY.
National Republican., 1876-01-11

IE ESOyEREIGNS OF INDUSTRY WILL
ind IL to their interest TO deal with
The Portland daily press., 1876-04-26

in addition 10 the best square fastening by un-
usual edge boiling As specimen of the se-
lected stock in her construction we notice the
upper deck laid with clear Michigan by 4
]olst. and excepting under the houses, even a
small knot can hardly be found This ship
will be named Rembrandt, and is under the
daily care and superintendent of Capt M. G.
Mailing In addition to the conditions for the
highest insurance rating, she will have steam
engine in the deck house sufficient for all pur-
poses of pumping, loading aud weighing an
Choir, and furnished with fresh water conden-
ser.
In smaller craft, Mr.. Charles Ward will
launch this week, all rugged and finished, a
sharp, tasty fishing schooner, built for Richard
L. Nunan of Cape Porpoise, and Capt Weeks
of Provincetown. Will measure SO tons O. NJ.
and has been named Ed. H. Weeks.
Messrs. Jacob and Henry Hickman launched
Saturday small fishing vessel for their own
use.
Charles Hamilton is building fisherman for
Cape Porpoise crew, and Benjamin jackson
& Sons have pnt up the frame for pleasure or
fishing boat, which will be for sale.
The great increase in the size of our mer-
chant ships since about The war Of 1912 is
hardly realized by our younger owners and
masters. From the printed list of new vessels
registered at this Custom House since 1900, L
find the average tonnage of ships for the 20
years ending in 1921 to be only 262 tons; to
make plain comparison, the five ships above
noticed aggregate tonnage equal to the first
thirty-two ships built on this river after the
year 1900. The cost per ton is also much in
excess above the old time shipping, as each
year brings additional demands for improve
ments and expensive outfttings Two masts
landed here few days since in the cars from
Michigan cost $500 each. KY
The Portland daily press., 1876-04-26
Maine Business Notes,

The wooden mills at North Vassaboro' are to
shut down for repairs on Monday next 1t will
take some six weeks to repair the flume; after
that is completed the mill will run a portion of
its machiners while other portions will be
under repairs, which will take most of the
summer season to complete. A portion of
the help have left, and others are looking
around for employment. Some changes have
been made with the overseers, some have been
set back to their old places, while new ones are
to come in. There is to be change in the
kinds of goods manufactures, which requires
the change with the overseers above men.
toned.
There are three mills in Denmark running
on full time. saving 6000 slaves a day, and
employing twenty hands. Maple sugar max
ing has been poor paying business this
season, the flow being small, and stormy
weather interfering with operators. Hay is
plenty and sells from $12 to SIG per ton.
Western corn sells for SOC at Brownfield depot,
and potatoes at SOC per bushel.