, 1877-11-14

lie Library rooms. Mr. T. @. Frost presided.
The attendance was ercn larger than usual,
Tho Committee Oh Membership reported in
favor Of admitting Stcssrs. N. Butler, d., C. II.
Zimmerman, and John Ha1nline. They were
Mr, 4. N. Young. business partner OF County
Treasurer MScrea. read an Interesting papcr ol,
Exchangc,"-a. rcsnmc Of tho financial prob
LENS now perplextng tho public mind. lie
claimed, frat. that labor Wns tho real nlensuro OF
al values. Including tho precious metals; that
there Tas no magtc a''o1t gold mora than
market for exactly what IL was worth
measured By tho standard Of labor.
Gold bad been a10ptctl - the standard by which
other products Of labor were measured, tc-
cause It possessed tho necessary qualities prlt,-
cipal among which were It's Grcat vaiue In small
bulk, lta ltctillsy anil doytslbi!ity into small
parts, It's tnlestruetibilty, md tho TACT that |.
WIS not subject TO decay OF clIa.lge. II had
world after tho trial or neurly evcry material IN
tho world. Ills second po[nt was that currency
possessed uo. value whatever aside from ia
being the svfdenes Of indebtedness and tho
rhIshe expanded at sons length saying that cur.
fency possessed exactly the same vnlno TINT was
possessed by any other obligation, and no more.
It could not bc clnstet :" among the aaaets Of g.
sumo scuso that n receipt for wheat was
actual wheat, aud IN no other. Its valuc did
nut depend upon tho sea, Of state, nor
uoon tts being made lcgal.tenlcr, hut upon the
prospect or probability of Its hcing redeemed.
It was r1rsly REPRESENTATIVE of coin, nud, rs
such, especially dcstrahla md convenient. The
medium tfiruugh which tho great hulk Of busl-
ness tsas done he defined as cousstng Of checks.
drafts, and bills.of-cxchangc, possessing no
charm nor macc whatever, and subject to but
few legal regulations or restraints. Legislation
mus desirable 10 protect the pcopto iron. ua.
scrllpliolb u un"sso men issuing papc. prom.
'tses Until amply secured I1c concluded Ills all.
lcg,alatiou usually resulted 10 allowing }ogues
TO bcc0me relieved Of their legal responsibilities
tor less than lGa cents On the dollar, In unset
ting buslncaB, IN clogRlng tho wheels OF co1n-
mercc, and robo'ug industry aud thrift Of their
The tucesing being open for general remarks,
Mr. L. J. Gage expresses! hts appreciation OF Mr..
my: they dove.taicd with h's own.
Tho Rev. afr. Packard, hc!ng, Is he said, but
~ \ laYman >. In these niattcra, waited some of
tho financially er1ld!to members OF tho Assocla-
tion to define tho ethics" 40 to speak, Of tbs
matter, aud ten tho saoral bearing ot tho settou
OF Congress In these monetary affairs,
Judge Henry u. Miller stated &hat, Ia his
opiuion, tho action Of Congress was sttnuy and
positively "wicked.'' That was tho wav It Jay
Oh hla conscience. lie thought that coin was
could not. by any peryeraion Of the law0 Of
tlcucy Of tho action Of Congress Ind been to
divert tc ultnds OF tho people frotu industry,
anu !nsbue them With longing for money; ii
had tleprrciasct property aud similar matters OF
reat value. aud WA fast crushing out healthY
Industry.
The lion John II. Kctlxtc looked at Il from a
somcwhat different standpoint. tle denlyd that
"s1lycr mcn." as he calico them, BY seeking tho
rctno1lctization d! silver, were etsieavort1g 10
dcfral!t thclr creditors. lie analyzed the sut-
1ert Df Feal-estate depreciation, and, touching
uio'i'ths lloucaty Of the Congressional proceed.
Es fssttss 10 s!ivs5 g declared shat The men
TINT chasge,-not tlloac seeking TO retlUnotize
1t. This very men who Engineered " the de-
tHonettzatton bill through Congress did It 10
s9rEeptttol!sly, to say the 'east,-yes, 20 fraud.
wlio v0led fur It did not KNOW that The tlclnon-
rttEation clause vus IN It. lie cuacetled, how
ever, Just ~ much honesty TO those hnllIng
optn[ohs aaseree IL his oxn A. tn Its ctrtthnk.
eEs. Tic thought, though, that. as IL matter OF
la!Iness, the silver dollar shtlld t,e rcinslalcd.
Ms. J. !. Richards mkte somewhat extended
observations, ana waa follawed ly Ms. ] u.
Murray, after whom others spoks aud tbs nett
Luz adjourned.
For number Of years Eng1ewooi has been
supplied With tho Chicago daily papers by Il, j,
Isavts, Who aIkA Keeps confectionery aud hook
slolc. lie built upAuitc 4 Trade, anu was doug
we'll, as every Que supposed. About rear ago
Office By M. e. Snyder, who supplied Tic Chi
eago papers IT the aame prtre they were delivered
fol u the city, and other thugs IN proportion.
Since then Ray!s hAs taken IL drinking, aua has
been On periodical sprees ever sI.,ce. When ha
II crazca with ilquor 1t las been his habit TO
take bis kalldle'hurse aad rldt at u lreakucck
pace through the t9wn and up and down the
roads Leading to tbs cltJ. lie has several
ttnrs gone to snydeg's house and threatened
his life.. Until Monday 10 serious results hare
foIlowed hts crazy spIees. On that day his
frenzy seems 10 have hesu worked W tu the
llshest noHh. Ill rode Ala poor horse to tlratl,
for when to took him 10 Ills stable the poor
beast dropped luwn dead, Not satisfied With
killing lila horse, ho went ~ the house and be-
Eat, TO abuse hls fautiy aud break the furniture.
liz then thrcatencl tho lite ut iiA wtlc and
M0thct-in-law, aud went IL hunt hts pistol.
While lie waa gone they locked themselves tnto
q room. liz returned and broke lu the 1ooE,
but the ttnlclY arr!ss! of Tie police prevented
any catastrophe. liz WAS taken to the station
ami locked UP lor tllt night Yesterday be waa
eent u The stoek.YaFds to haro hearing before
Justice Mitchell.
Tue allnual election uf officers Of the Eugle-
Woud Fire Department took place Monday
evening at the hoat-hoAsc. ]. 81, Russell WIS
elected Fire b}arsl.al, Johu l1awclka Foreman,
aud L. pierpoint, Assistant Foreman. t,apt. A.
e. Potter vas chosen President, sud Geu1ke II.
Chase Secretary. The .uewly.clecteA officers
Invited tho uciabers Of the Eu9lcwoe4 CON.
pany 70 banquet, 10 b g1Ten Thursday even