davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
COTTON MARKETS.

AUGUSTA Sept 6--Cotton quiet; Mddlng, lOSe; Low
lOit Good Ordinary lOc; net recs pa Dub
b,Ies safes go bales: stock 1873 4Al bales 1871 I0I
bales weekly net receipts 2l22 bales Shipments Ieo9
r, uNGEf sept 6-Cotton Quleti Aldding ll7s0l2c;
Law NddIng II Lc.; Ordinary, lO9sc net receipts,
bales; STOCK, 2i0 bales weekly net receipts 10 Desi
ros 736 bses exports Great Blitan, 81 bales c0Jst
Mise bales: Sales 4lO bales spnnerh loo balcs
BOSTON, Sept 6Cotton steady Middhhg e Low Ai 10
6G2 bales stock, 42N baes weekly net re-
cents 28S bales gross. =, lS3 bales.
CHARLEsTON, sept G.-COton qmeLi hiplng, llei Low
Mddng lose; Good Ordinary, lOhc; net receipts O9S
536 bales sales loo bCsi SOCK
weekly receipts 4,634 Dalesi exports COAST
Wise, 2, 1876 bales; sales. 2, 720 bales. -,
CINCINNATI, sept g. Cotton nOminal Middhng, ll6c
Low Mddng, II lte.; Good Ordinary lOAc net receipts
"a baes shipments GO baes sales 81 bales; Stock 3lO
bales weekly net receipts, 2o6 baesi shipments AzS oas
SIygsroS Sept 8Cotton steady; Mlddnng 10sse. Low
Middlng lobe; Good Ordinary lOse net receipts SOB
bates saes $50 bales STOCK, OOS bales; weekly net re-
ce!ps 7l4s bales gross 229 bales sales 49, bales
LOUISVILLE. sept 6-COttOn steady Mddling. il &c;
weekly net receipts. bales Shipments IA bales sales 10
splnners, II ba es; stock 81 bales.
MFHriils sent GCOt0n du Mddling, 1lc net receipts
stock 1873 729 Is17 III bales weekly net receipts
2l7 bales shipments 7Sl bales sales, 90 bales
MOBILE, Sept B.Coon quiet; Mldllng, lO'ie; Low MA
ding lOc Good Ordinary lOci net receipts 20 bates
l. I'D bales exports coaswse 602 bales safes $50 baee
NEW.ORLEANs, Sept 6-COttOn inactive; Middlnr llci
Low Mddhng 1O9aci Good Ordinary, lOc; net receipts,
354 bales gross 354 baes exports cOastwlse LOO bales
baies gross 1851 bales expOris 10 Great Britain 20 bales
COninfn So bales eoaswse 9SO bales. sales l4O baea
NORFOLK, sept 6-Coon steady; Niddhng, IA 2c he 70
ceps baes exports coastwse "a bales sales 40 bales
4d4 bales: sales, 127 bales.
PHILADELPHIA. sept e-Cotton steady Middling iS+e-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
THE STATE OF TRADE.

LIVERPOOL Sept 6-Pork-E Eastern steady 55 Western
steady at49 Cumberland Cut hrmer at ~ short
dnll at S4i. Hams-LOng Cut dull &C 52l. shoulders
duh az 2g6d BeefIndla Mess dull az 76 Extra Mess duh
at s7i Prime Mess dull at gu Lard-Pume Western
hTmer al 376d Tallow-Prme city steady al 37 OIL Tgr
pentine- duh 23L R0sn-ComnOn steady Adj
Fine dull at 10. CheeseAmeucan Choice duh az Az Lard
oil steady at All F1our-Extra dull 20. Wheat
No. 1 spring dun at 8 9d. No. 2 Spring duh ed:
Winter New Western duh at lldi New southern steady at
Id COn-Od Mixed Soft dull az "a &c.; Prime New Mixed
steady at 1850 Cotton Seed Oh-fe0w American steady
LIVERPOOL Sept. 6-123O p. m.-Cotton quiet and
changed Mlddling Uplands 6slsd Mdding ORLEANS 6ie;
ton export Receipts T. $50 bales including 200 bales
American Futures opened partially d better but the adj
been lost Upands Low Middng clause Sep
TEMPER delivery Gl7gd: Upands Low Middnq clause Sep
TENDER October delivery Ga Uplands Low Midlng
clause october November delivery 6Isd also bsad
delivery, 6ra2d.; Upands Low Mddng clause New Crop.
shipped october and November sail Bd sales OF the week.
$4,000 bales exporters took 1000 bales; spectators
took 1000 bales; total stock, $4,000 bales; American 392
b9les total receipts 900 bales American 5000 baes;
actual 1000 bales amount Of Cotton atoat $4,000
American, bales forwarded from the shipsa
direct to smnnes 1000 Daes; American the week.
$4,000 bales The receipts Of Wheat for the past three days
were $4,000 qrs, intending $4,000 qfs. American
Clear Aiddles, and "a for Short Clear Middles
LIVERPOOL, Sept So D. m.-Breadstuns dull; Wheat
dl07d for California Club, and SOD d9 for Red Winter.
oats 27d per BUSH for American COtt0BFUtures weak
Upands. Low Mia lDg clause. september delivery, b2i
G-3:3U m.The sales Of Cotton to-day
included 1000 bales American Uplands Mid
ding clause, september and October delivery 8lSsz Up
lands Mdding October and November delivery,
esd. UDands. Low MGdling clause November and Deem
her delivery Gsqd The market for Yarns and Fabrics at
Manchester Is duh and tending down.
LONDON sept $3.50 Dm-Calcutta Lmseed 52 per Or Tai
low, So Sd abs Cd per
HAYRE Sept e.-Lard closed at47o francs per so klOs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07

lower; Cows So s09ss 50 IO0$3 sOi Western
S3dS3 so Texans, e. S0df3 10 w
sHEEP-Receipts 600 head shipments, H. Good expoTt
demand "a $685. 25 Common Grades easy ~ 99aS5 90
EAST LIRERTY Penn. sept 8.-CArfLIkereipts today
mead all through stock making total for four days 81
head through O49 head local nothing on hand for safe
business done.
HoGs-Recepts today head making total for ths
four days e705 head Workers. 81 l0a 81 25 Phadephas
81 40dS4 90.
sHP-Recepts to-day 400 head making the total for the
four days $500 head market closed for the week n9ng
done to-day; feeling only fair for next week.
ST. LOUIS, Sept 6-CArfLEin good demand Tor shipping
export grades but there here Grass Texans and
Native active a1out az sold sales Of Good Nays steers
100 d. 81 30 80 90 Fair Native Cows aud Hef
81 550&2 IS Fair Native sIeers g 90 lOi Fair
Wnteref Texans averaging go ID, q 30; Ear 70 GOOD
Through Texas Steers s27oa$3 &c. Receipts l4OO head
HoGsr-L Light shipping So 25as3 sos Workers and
Batmores IS G00S4 Mixed Packing 90 Sj0ff %; Butch
Select 81 2j al 80. Receipts, 700 head shipments
LOCO head.
sHEEP-Demand exceeds the supply; Good 20 Choice Nut
tons, SO 35aS3 go; Fancy S3 coats 70 Export eradea
So 6OaS4 TO- Receipts, 900 head shipments, 100 head
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07

much to insure liberal Bituminous steady
and m0mentary quiet Liverpool House Camel Sl2GSl3;
Liverpool Gas DO s. 80 Newcastle do Cakng. SO 1884;
English Steam, 81 dS4 25 Provincial 0S4 30, currency
Pennsylvania and WestmOreland Gas - 5O0S6; West
yrrinia do. IS 30: Cumberland BrOadtOp and Ceared
SASS 2J Anthracite, IS Goa 81 90, by the cargo
COCOA-Iag been more active and firm supply moderate;
Caracas 17a2lc.; MaracaibO, 30u34c Guaysqu1 II
zoe; 81. Domingo l1dl1 re.
COFFEE-Rio hrm. but quiet: 1000 bags santos. ex
POlemy, sold at i28c. leaving the stock Of Brazil here
at 91 bags dispatch from London today quoted Good
First Rio the las week 7397ls Ordinary 10 Prime
eargoet bore l4hal1 &c, gold; Mild grades firm and in lair
demand; Maracaibo. l39a17c; Java, 23925c Laguayra
IL IA l6laci st. Domingo. i3d 3ec, gold.
CooPERAGE sToCK-shooks in good supply dull but
HOOPS In Gcmand, scarce nrmly held.
CORDAGE-Steady, az late revised list
COTTON-spot Cotton dun and ower Good Ordinary and
Strict Ordinary reduced sisc graes OF Stained scOwer
the relative cGereEces between Upands and New Crop New
Orleans and Texas reduced sales Az bales Of
which 81 for consumption and 70 tor speculation. Re
cepts az the ports $3.50 bales against 1904 this day last
week, 1873 last year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
We annex quotations

Money ON call was rather firmer, and while on
pledge Of stock collateral the common rate Tor most
nf the time was per cent, at times much as
was paid. Commercial paper is quoted at zig per
cent and upward, and rates of domestic exchange
are as last given. The United States Treasurer at
Washington to-day received $4,000 National
bank notes for redemption. The customs receipts
were $GSj,0O0, and internal revenue receipts
S3G5 900 The following Is the clearinghouse
statement to-day Currency exchanges, S555Ol,-
967; currency balances, -. 297,47l; gold ex-
changes, Ss O09, 40S gold balances, $s0G,0I2.
On the London Stock Exchange. there was little
movement IN British COnsOls, and this generally IN
the way of an advance. There was decided irmness
i'm All classes of United States bonds in American
railway securities there better range of prices,
but the movement was irregular. Bar SILVER de-
the meeting of Governors, yesterday, the Bank of
England made no change in Its rate Of discount,
which remains at . per cent To-day there was no
quotation for money, bnt threeSnonths bills are
generally discounted at 45sG43 per cent. The fol-
lowing are the highest and lowest prices OF securl-
ties for the week, and the closing sales to-day and
week ago:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
THE GRAIN TRADE.

LIVERPOOL, Sept Ga leading grain circular "The
weather has become ucf little rain having fallen for several
oil the Kingdom and better has been
made in securing crops Trade has r Il dull Old and dry
Wheats abOut maintained Their value but damp infe
T have not found buyers without reduction Tho heavy
shipments during the last fortnight % the Continent had de
pressing influence on the French which yreceded
Spot and district business ruled dul n the interval from
Tuesday and rather lower have been taken 20 cc
sales In quantity. Maize slow and shade easier To-
day tuierbe number Oi country mer ~ the market
Tho demand Tor Wheat not active but there
general inquiry for foreign both White and Red sellers OF
New cOnceiing decline ot penny two pence but old
about maintained 5 quotations. sack Flour slow, and
barrels with fair request Corn slow not quito
aupp0rnE Iaat WOKE quOlAlOnA."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
TILE COTTnN TRADE.

LIVERPOOL, Sept G. THIS weeks circular Of the Liverpool
Cotton BOEcr Association slyg "cJOn has been IN mus
ualV limited demand throughout the week, although
Thursday there a'rdthcr more business DONE with slea
der rolling yet tho quotations generally reduced For
American the dem md moderate freely supplied
~. decline but the market closes steady with bust
doing. Ia Island there fair business chiefly
ior meum grades OF Florida but prices UNCHANGED fu
dull tl Thursday prices Wednesday de-
cned @ from those n the previous Thursday but to-day
better tone prevails with Tod oithe decline recovered"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
rrRopFAY FtYANcrAL MARKFrs.

LONDON SEPT. G-i23O D. m.--U r. bonds four and half
per c,nts lo5s 1868 lO7 \ Ten orties 1854 New AYES
iuS Erie Halfway shares preferred 81 ~ Pennsylvania
Central 334 Illinois Central s24; NewJ ersey Central, 80
Reading railroad. II.
LONDOk sept $3.50 .. m.-Pas adviccs quote hvo
at ll3 francs 50 confines for tho account Eric
Railway shares, l4as
LONDON Sept. $50 p m The OF bullion gone
into the bank England ON balance to-day Is GG7,OOO
IoSDgy. Sept G-l D. m.-Eus Railway shares lil2.
LONDON Sept. $50 =. bonds, 1868 1871
fortics 1852 New 1882 Erie Railway shares, l4
sew. Ierscy Central cOnsOs 50.
PAWs sept 6.-EECbauge London, 20 francs 28l1
times short sight.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07


sG33l seller 60 days.
The stock market to-day generally was dull and
uninterestine At the opening the Wisconsin stocks
declined TO lower figures than those of yesterday
later they rallied sharply, and finally ended az re,
action from the best prices. Lake Shore tTayerscd
the extreme range Of Yesterdays. huctu-
ations, opening at 67ls, rising TO G7's and
closing at the opening figure. Michigan Central
made a sudden dash from 71li to 72ss, but closed
at 81 The sales Of Erie were renewed, causing
decline from l4l4 to 1885. The coal stocks were
Gull, the fluctuations being confined within o per
cent c.. c., C. and /. made further Improvement
TO 340333t and the hannibal and ST. Joseph
stocks recovered portion of yesterdays late de-
cline. Western Union was not active, but rose from
81 to gI3i and then ended at 94as. The market
closed unsettled.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07

UNION CROP.


grades steady . mode5ste oDbms
aning stock quiet, at SOC. for 5O9.test.
6 E an sIe5 er
Rosns quiet unchanged sales 800 bDs GOOD strained,
s 81 aS at so 81 9P a. Far and @ QUIET steady
OCEAN FRElGHTs-Wilhoutd decided change VtIH mol
Grain Gd 5000 Do d. 60 private terms 220go co. 40
Id 90 hhds I9Gaco9 pyate ierms oo2 e 05rs "a 563
MS Grease Butfer I5s Cheese 45s sail LOTIONS
Black walnut 25s 5i 1yo oars 6 on b5,o , SCn 2qo
fIavrc steam 500 pkgs Provisions 31s liamutg sub prr
Walnut "a 6d ~ tons Goods 22s 3d. Chart
ers-Bhtsh bark to HaNr 1000 qs 3ruh o. V II S9 o6
ars d. private terms Norwegian bark 70 Lisbon 1000 grs
So ro s or Marsees 1000 d. G Norwegian hak Q
fei5' NOV yoy and Tatci another same voyage 1900
65is DO b. vi Austrian bark TO the Levan l20CQ cases
G o. Gar to e Bac 500 pbs do DO 5s Sd Italian
brig 5l' 9a, 20 tSn 10 Portland coal 55e Tree Of
CHARGE aud Calais, Me, 10 the ldyer Platte spruce
OI more active sales, 200 tons western,
qust rp L5y aeSye 9' So c p5Pe
'ae 900 bD+ crude sP1rn Sgo DO IuS tte g
d and acc asked during balance Of present
yFFAlNrs-A quot ions steady neary all descriptions
PEfR6LEUMDul eay .somewAat ,d lower; sales
GI 6 Use Refined In bbs here iGiic DO at Phil
adelphia ana Baltimore. lOsc cases, lJ+G From
oacs Of Ciut reported sales OF United CeF;
titt ru,e Petrolfum): a NcwIOk, 10 Ouu bJsj az OH
S 9f 900 bblsi an Parker Cy, 10000 bhls opening
9II sies he T. Crude Petrotum YORK
1000 bblSi aver city, $4,000 bbs: hshest 0Jci
Ioeyrst N Sc: Upenlpg 0Oc.clOsing, J'sa bid.
PR0VISiONs-PORK lower. cloglug nrm: very moderate
tir,s, sars 3 ID bbla spot, 81 COHa8 1u &ouO
bn5l"' I6cia6cr 30 10; second "Call" octo5er
80 SOgs0 20 November, S9at9 COS December,
Pain Mess quoted sloesili Extra Do 81 J., 70
ali so Packed sll 25dsl2; Philadelphia 4ll Iadtlb.
Il lF III NSdnlI quoted $40 Western. CUT MEATS
about atcaay light quy sales 5000 lbs Picked Bellies
Gir 500 Pt;kloi Hams i01c 900 do, shoulders, 3c
Pickod Hams quoted Oqa ic. Smoked DO II Sdi2ci
p.ctel gboudefs btsG5lsc.; smoked do tdbc Mldales
steady 0nieI saes goo boxes Western Long Clear 3sc
civ DO quoted 0Lc.....D DRESSED HOGS-Quie' aho1t
Market opened lower closed firm, Hoierie trade SIpoLl
snecnlaf ION Raes 400 tcs Prime Steln spot 90 -"
7i9c cosing IO5c: 80 tcs. o. Trade 7Jci 100 tcs SOD
tcmbcr G07 &C; 1000 tc'. OCTOBER 65I'2 Ifc ci3slhs
n 900 tcs November GJJc; $50 tcs. December Ovzci
t00 tca Year 90 s2ec scoonl "Cali-oct01tr HV1~
ne. November Gg1aaG.9jci Dccembcr,f 30 p@ub. g,
remainder year. G.s7 sdG92ic CITY steam Auii quSt
Gg7L07ct neined fairly active; aacs, 500 tc-' q n
Gps,ui ;,rivate terms quoted. 7.40c. 300 to-
West Iudes, private terms ..,,.. BUTfEk-strlouy
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
THE MARKETS.
TOTAL RECEIPTS OF PRODUCE,
Per North RiUer, Vessels and Railroads.
GENERAL MARKET REPORT.


AsHES-In moderate sale; about steady Pots, 4'tc :
Pearls 61idGc. 800, . .
BEESWAX-Sn Dun. steady Western, 2OG1o'2c J
Southern 2BisU27c. Smell lots, 27lf c2l Zee.
BROOH.CORN- DulL uneLang cd nothing donB
CANDLI.S-in iDbblng sale, steady. ~. q
&C. for English -.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
HAVANA MARKET.

HAVANA. Sept 6-sugar active and rising. No ~ D. g
7d74 reals gold aTrObe; NOasses sugar Nos. 20 10
6lld69t reals MuscoyadO sugar Common Fair 6il66St
Centrifugal Sugars IL -. 82dS3s reals
do. hhds 0d9l reals. Spanish colo, 2052l d2CO EE
change, prime bankers bills firm
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
1--WE STOCK MARKErs-BY TELEGRAPH.

BUFFALO Sept. 6.-CATuR-Receipts to-day, 6s4 head
thus 1880 head Tor the same Time last
week. $50 head receipts consigned through 80 cars
increase n receipts for the week. 80 cars maIkeJ nme
only owing 90 Light supply demand hghti qualy without
changer OF Choice 90 Best steers ~ o.1so 10 Goou
SbDners al last quotations. Medium - To- advance INas
and therokecs dun AZ - 4OaS4 2O Bulls lower saSZ ~
~ 80 SOcker supply more thah cluai 70 uelhhu
sales "a 81 7Ods3 %, 100 -, -, o..
sUEPp AND LANBs-Recepts TODAY 300 head total Tor
e week thus far 2ObuO head for the time last week
5 500 head through cOnsguments II market active
prices unchanged offerings generally OF good qugy SAFES
Of Fair To Good Western Sheep IS 62ds5 w Choice - uG
"a 95 Lambs i2dS4 40 Canada lambs SOLD sales
of ~ cars OF Western stock boat grades disposed o.
OGs-Receins today 5,220 head total for the week thus
far "a 1874 heads for he time last week 1880 head
through cOnsignmeut 1913 cars market dnl anu deeuhg
no demand NewYOr buyers few sales OF YORK welgS
F9ir Mciigan Co Good Western, SO SO0s4 IS Heavy,
ri 3Oasl as OF stock remain In the Yards unsod
scpF. 7-Ths DrUccr's Journal reports HOGS
Receipts i2CO0 shipments, 1900. More activity IN the
market hut Zoe lewer Pin adephls "a lO0S4 80 BostOns
al 9Odsi 70 Light SO DOGsi Mixed 10 Good smooth Pack
ng 80 60dSS 80. . 10. g., -,
Steers not duotaby lower 303Si 20 Butchers lOa20c
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07

Futures moderately active and 10 points lower Sales
last evening 100 bales ToAiayFirsi Cal-SeRember,
1000 ll.JO Second Call-Sepemher, llJ2; November,
1O5 January. 1lOl total 1900 bales Third Ca-Octo.
ber ll2l December 1899 February ll.06 March, lib
total 500 bales. Also, today, September l4s0ll52
October ll2OalI23; November 1l.09Q1 90 December,
grand total 20 500 bales. Futures closed weak
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
3fTICIAL REPORT N. 7. ATBIYG STOCK EX-
CHANCE SALES. SEPT. g. 1873
rnlpn cAL1-2:20 p. NJ.
FRIDAY, Sept. 6-P J
.f-lI OlCL0CK a. 81.


u reviewing tho operations at the Stock Ex-
spange during the week ending to-day, there is little
@ Addto our daily comments The reported trans
Aeeons IN stocks show an improvement over those
2 the weeks Immediately preceding with a total
etf564O3 shares. against 49,, 231 shares for the
Nfey'ous week and 679.s93 shares for the week
pteeeding that But generally the character Of the
1sang has undergone no change, aud it is safe TO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
Total sales for the daY
or MINING STOCKS.
san FRANCIsCO CLOtlhG FHICt5 OF MINl
Yesterday. To-day. Hei

There was not much activity in the general mar
ket for Government bonds, though prices all
around were strong, until to-day, when, Oh moro
active and better distributed trade prices generally
were lower The following the highest and
lowest prices for the week aud the closing sales to-
day and week ago to-day:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07

The following are the imports Of dry goods at the
port Of New-YOr for the week ending this date and
since the beginning Of the year, compared with the
core ,pondIug periods of previous years:
For the week; 1876. 1871 1873
Entered the uort fl,7lSii3 slA07,0S3 &2OOO&il
Thrown on mnrkct.... l,SOl,31l l,1b4,bI 2,lbl,1bO
Entered al the o4oI423 Jo393O72 62.b99G2s
Thrown u ,i70Jj2 JV,3Ol,l3O biI4u.354
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
THE MONEY MARKET.
% ,- PSI. cAII-1O1t O'CLOCK A. NJ.

-r1orIt REPORT ~ Y STOCK EXCHANGE SALES
FRIDAY. SEPT. G, 1873.
GOVERNMENT STOCK DEPARTMENT.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07
10 4. M.-sALEs nEFoRE THR CALL

Saes Of STATE and Rdil'sa1 B0hdS-hd'HOaI' baia'
ErDTeSs Stocks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-09-07

The following were the receipts and shipments at
and from Chicago and Milwaukee to-day, as re-
ported by telegraph
Receipts. shipments
The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1878-09-04
GOODWIN POOLS HIS ISSUES.

The Rev. t. A. Goodwin, who is one of the
leading Methodists in the city and one of the
best speakers in the state, win make a speech
next week. His theme win be ''Why can not
vote for Doctor De Ia Matyr." We will pub
lish the speech in full in the Journal.-Jour-
nal.
Politics is the science of government. Gov
eminent should have for its supreme pur-
pose the moral, social and intellectual eleva-
ton of society. 1t should seek to ameliorate
the condition of the oppressed, to enlighten
the ignorant, curb the turbulent, punish the
vicious, and with strong hand restrain
those whose mate depravity leads them
to rob by the tricks of legislation
the producing classes of the country.
Governments, to fulfill any legitimate pur-
pose whatever, should enthrone justice,
utilize the truth, widen the area Of content.
ment, seek the welfare of the humblest citi-
zen, thereby vitalizing his loyalty,
aud bind communities together into
one harmonious whole by cords of
mutual interests stronger than hooks of
steel. A government whose chief officials
are stamped with fraud, which patronizes
thieves, which debauches public morals,
which causes moral, political social
and financial boils and tumors, warts
and ulcers to cover every square inch of po-
litical cuticle; which Expresses the poor
that the rich may flourish like green bay
trees by the aid of their stolen wealth;
which lays unholy hands upon the ark
OF the peoples hopes; which tramples
upon laws human and divine; which batters
onets legislatures; which employs its agents
as brokers in frauds, to employ villains as
experts in forgery, and then, with micro
The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1878-09-04
THE WAR POWER AND FIAT MONEY

We are treated every day or two to discus
sions, more or less extended, upon the "war
power of the government in connection
with fiat money" 1t is conceded that the
government has the power-war power-to
issue paper, or fat money and make it legal
tender. This being conceded, when does
the war power take effect? Suppose, for in
stance, that the United States contemplated
going to war with England for the settle
ment OF any grievance whatever, but is
without the coin to purchase equipments
and munitions of war? Can the war
power be evoked to issue fat money?
If not it would be folly to talk of war for
the defense of the country's honor or the
maintenance of its rights. II the war power
can not be exercised until war has been de-
clared, it will occur to the average reader
that in the case supposed great deal of
damage might be done before invading
armies could be checked in their advance or
the destruction of life and property arrested.
1t is reasonable to presume that the war
power may be used to prevent war, just as
England under Beaconsfeld exercised it to
prevent war with Russia and to gain blood
less victories. This term war power, " it
occurs to us, is not, as applied to money,
we'll defined, and that it reaches farther
and remains IN force longer than is usually
conceded. Take, for instance, the war of the
rebellion. The government needed money,
and therefore, in the exercise of the war
power created $500. 100000 of flat money"
greenbacks, and made them a legal tender.
1t created vastly more currency than the
amount named, but this answers our pur-
pose. Now then it is held by the radical
Shylock party that as soon as peace was de-
clared the "war power In its application to
financial affairs ceased, that greenbacks
were simply made to purchase NUM-
tons of war and pay soldiers,
beyond. which they had no mission
to fulfill, and that contraction should
commence at once thereafter and go forward
until the last fat dollar was retired. Dur
ing the war the actual expense reached more
than 81, OOO, 900, 900, but this amount, large
as it is, represents but fraction of the value
of property destroyed. During the war
great enterprises in industrial pursuits were
inaugurated, employing thousands of work
ing people and demanding increased money
facilities To rebuild wasted fortunes, to
restore property destroyed, and to carry for
ward industries, the outgrowth of the war,
the fiat money created by the war power
was imperatiyely demanded. Instead of,