davidaulloa/AmericanStories huggingface dataset:
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
An Ill Wind. &c.

The collapse of the Bank of Glasgow seems
to have disturbed all business in the range of
its operation, and especially to have created
a panic in the manufacturing interest. The
employers in the boiler-making and iron
ship-building business, have determined TO
reduce the wages of workmen, and this the
employees have determined to resist. The
Executive Board of the United Society of
Boiler-makers and Iron Ship-builders, rep
resentlng 10000 members, with reserved
fund of 1913, 900, held meeting, and re-
solved that the action of the employers was
substantially notification of discharge, and
that it be accepted rs such. The conse-
quence of this will be bitter conflict be-
tween capital and labor, and disastrous de-
preston in all commercial and manufacture
ing interests. A cabel telegram says, 'the
evils are eliminating at Glasgow, which will
combine to drive the iron building trade
Of the old world from the Clyde to the banks
of the Delaware y and thus the misfortunes
of the old world work to the advantage of
the industries OF America.
This condition of business in Europe,
occurring at time when the whole civilized
world has been attracted to the remarkable
mechanical and industrial achievements of
America as evidenced in the trophies carried
off at the Paris Exposition, will go far to
stimulate the enterprise Of this country.
The number OF awards to American exhibit
tors at that exhibition has been officially
announced, and far exceeds any estimate
previously made. They comprise ten grand
prizes, thirty diplomas of honor, one hun
dred and thrty-four gold medals, two hun
dred silver medals, two hundred and twenty
bronze medals, and one hundred and fifty
six honorable mentions. The aggregate is
larger than the whole number of American
exhibitors at the Paris Exposition in 1867,
or at the Vienna Exposition OF 1878. Rela-
tive to the number Of exhibitors the prize
winners of America exceeded in number
those of any other nation. This last point
is especially significant, as the highest evil
dence Of the superior character of our me-
chanicaland industrial products. The eff
feet Of these victories upon our foreign trade,
and thus directly upon our many industries,
can scarcely be overestimated.
With a return to legitimate methods q
business in America consequent upon the
resumption Of specie payments, and the es-
tablishment of safe standard of value for
all commodities and industries, we may rea-
sonably expect an era of unexampled pros
perity.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
The Debtor Class.

Judge Harris pathetic jeremiad over the
debtor class of the community, in his speech
last Monday, was strikingly representative
Of his style Of craftsmanship. From hi;
manner and remarks, an accidental visitor
from a foreign country, might have con.
cludea that the present was the only debt
era of our people. That we stand out as ar
exception in our history, and not before. had
there been, nor in the future would there
be debtor class-or those who expended
more and faster than they accumulated. In
all ages and in all coup tries there have been
debtor classes, and in no age, nor in no
country has Government undertaken to
regulate the private affairs of individuals OF
extricate them from their personal and pri.
vate embarrassments. If the legislation
Judge Harris proposes would accomplish the
relief of the present debtor class, does not
experience teach him that for every one so
relieved, there would be a dozen who would
I.plunge into similar complications, and clamor
for the same panacea? And where would it
end, were such the province of government?
We have always had and will always have a
debtor class, and to the degree that people
practice the credit system. will the oppres-
sions OF debt be felt. Government cannot
regulate this, nor is it q function of govern
ment to do so. One of the duties imposed
upon it is to provide system of finance and
standard Of value that all business may be
regulated by ia currency that represents
money in its intrinsic worth, and it is the
duty of the people to regulate their business
by it. If they fail to do SO, it is not the fault
of government, but of the people themselves.
The sooner the delnsion that 1t is the mis-
sion of government to manage the citizens
private affairs and investments is dissipat-
ed, the better. A mans fortunes are regu-
lated by his own skill, judgment and ener-
gy, and these succeed, when properly en-
couraged and applied, where there is re-
liable currency with which to regulate bu-
siness transactions.
Judge Harris cannot mislead the people
by any such sophistry and hollow appeals
Every sensible man knows that debts have
existed, do exist and will continue to exist
as long as society is organized. and that
lfothingis farther from the province OF gov
eminent than to pass special laws to better
the condition of improvident and unfortu-
nate individuals.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
FINANCIAL OBSERVATION-DISCLOSURES d

FINANCIAL Observation-Disclosures the
war OF 1872 came period Of speculation
inflated prices, sudden fortunes, and conse.
quent depression. There was large and
undue issue of bank paper. The Senate OF
Pennsylvania traced the disorder of 1853
to the expansion of 1914, and says in re.
port endorsed by it: "a spirit in all re-
spects akin to gambling prevailed. A ficti-
tious value was given to all kinds of proper
ty." Following this, the newspapers Of
that date QSl9) published numerous &C
counts Of riots, incendiary fires, frauds and
robber les. A Congressional report spoke OF
the '.change of moral character of many OF
our citizens by the presencelof distress. p
This is the feast to which the Democrats now
invite the country.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
Docket Case No. j
DISTRICT COURT OF THE UNITED STATES
- for the Western Di strict of Virginia,

In the matter Of P. H. Hairless. bkr'pt
Western District of Virginia, S.
THIS is TO GIVE NOTICE, That on the 14th
day OF Sept, 1878, Warrant of Bankruptcy was
issued out of the District Court of the United
States for the Western District of Va, against
the estate OF PHI. Hairless, (Hartess) of Atwood
in the county Of Amherst, in said district who has
been adjudged bankrupt on his petition:
That the payment of any debts and the delivery
of any property belonging to such bankrupt to
him. or for his use, and the transfer of any
meeting OF the creditors OF said bankrupt to
prove their debts and to choose one or more as.
signees of his estate will be held at Court of
Bankruptcy to be holden at the office of E. w.
EARLY, in Charlottesville Va, before E. W. Early,
Esq Register in Bankruptcy for said District on
the 9th day of November, A. D. 1878, at IL O'Clock
M. JNO. F. LEWIS,
oct 31-2w q. s. Marshal for said District.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31

docket case No.
DISTRICT COURT OF THE UNITED STATES
- For the Western District Of Virginia,
In Bankruptcy.
In the matter OF Whitmell A. Campbell, b krupt
Western District OF Virginia, So
THIS rs TO GIVE NOTICE, That on the 18th day
of September, 1878, a warrant OF Bankruptcy was
issued out Of the District Court of the United
States for the Western District OF Va against the
estate OF W: A. Campbell, OF Dickerson's Store, in
adjudged bankrupt on his own petition; That
the payment OF any debts and the delivery of any
property belonging to such bankrupt, to him, or
for his use, and the transfer of any property by
him are forbidden by law; and that meeting Of
the creditors OF said Bankrupt to prove their
estate, will be held at Court OF Bankruptcy to
be holden at the office of E. W. Early. in Char
lottesvlIe Va. before E. W. Early, Esq, Register
iniBankruptcy for said District the 18th day of
November, A. D, 1878, at u o'clock M.
JNO. F. LEWIS,
oct. 31-2w q. s. Marshal for said Dist.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
Cheau Money!.

Cheap money means robbers paradise.
1t means that we buy at fancy prices, i'm
agine we are rich, and run into debt. Every
scheme has ''millions in it," In fancied
wealth and wild hope, we give bonds. We
want dollars to-day, and agree to pay dol
ars tomorrow, cost what they may. We
have no right to grumble. But finally the
bubbles break, as bubbles will,
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
N1ezU advertisements.
NEW GROCERY FIRM.
GROCERY
Commissioners Sale of
~ Valuable Real Estate.
In the County of augusta.

LII Me COunty " AUyUStU.
Pursuant to derree of the Circuit Court of Au-
gusta county rendered on the 9th day of June.
1878, in the chancery cause therein pending OF
Livicks creditors VS.. Livick &C., Will proceed in
front OF the Court House, in the city OF Staunton,
on MONDAY, OCTOBER 2Sth, 1873,
court day. to sell at public auction, the real
tate of which NJ Livick, died seized, lying in
said county, three and half or four miles from
Staunton on the Scottsvile turnpike,
CONTAINING Is ACRES,
subject to the life estate of Mrs. Elizabeth Livick
in five acres, assigned to her for dover by Com
missioners appointed in the above cause. This
property has a blacksmith shop and good i'm
provements on it, with fine location for any one
desiring to carry on the trade.
TERMS:-Cash in hand sufficient to pay costs
of suit and expenses of sale and the balance on a
credit of one, two and three years from day of
SALE payable in equal instruments, the purchaser
executing bonds for the deferred instalments,
with approved personal security, bearing inter-
est from date and waving the homestead exemp
ton, and the title retained ultimate security.
VIM. A. HUDSON,
oct 3-tds Comm'r.
POstpOnement.
= The above sale is postponed until MONDAY,
NOVEMBER 25th, 1878.
VIM. A. HUDSON.
oct 31-tdS Commr.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
Paper Prosperity.

That the issue of inconvertible paper has
mysterious and potent effect in stimulat-
ing the production Of wealth and making
every one rich is one of those pleasing fall
lacies which. though often refuted, both by
unanswerable logic and by cruel experience,
finds new adherents in each generation
The present advocates of paper money, how
ever, are not SO confident as were the fol-
lowers of Law and Hume in the last CEN
fury, and it is now pretty generally UNDER
stood that prosperity based on paper is like
discomforts which follow the debauch ex-
coed its pleasures.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31

UNSTEAD1NESs AT THE HELM.-The great
barometerof the moneynarketin our country
is located PROFESSIONALLY at New York. Here
the daily ira nsactions, second in magnitude
only to those Of London, show the exchange.
able value of money and the current rate of
usury. The latter has been and now is far
below that authorized by laws Of the State.
The average rate of interest since 1875 for
commercial paper having been but fraction
over per cent, and about per cent. on
call loans, it would seem that it was not
more money that was demanded so much as
greater faith in the stability of financial at.
fairs and in the wisdom of future Congress
sional legislation, which is to be feared must
always be more or less a disturbing ele-
ment. 1t is the unsteadiness at the helm
which shipwrecks so much of American en-
terprise and makes remunerative, permanent
Investments almost an impossibility.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31

The Manhattan Savings Institutional New
York, was robbed in broad dag light on Sun
day last, and So, 100000 securities taken
from it. The robbers, seven liz number,
seized the ianitor and forced him to give
them the combination OF the lock,and in this
way effected the robbery quietly. No clue
had at last accounts been found to the rob-
bers,
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
Defeated Greenbackers.

The most prominent greenback advocates
in the last Congress, who voted to repeal the
resumption act, who have failed OF election
or denomination, are Hewitt, Of Alabama !;
Hartridge and FELTON,, Of Georgia; Eden
and Hartzell, of Illinois; Fuller, of Indiana !;
Durham, of Kentucky; timer and Glover, of
Missouri; Sayler, Banning, Rice and South
ard OF Ohio; Douglass, Walker and Pride
more, OF Virginia; and Lynde, of Wiscon-
sin.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
PROSPECTUS 1879
Vol. ss. GODY'S LADY'S B0OK4sth year

LOOK! REDUCED FROM 50 TO 90 PER YEAR. LOOK
ed, and no Retreat from its present high standard
Our SPLENDID ENGRAvINGs on steel. de-
ORED FASHION PLATES.
Our Monthly Novelties; Our Fashion Designs;
Our Work Department.; Our Literary tment;
A Diagram Pattern; Model Homes; Our Juvenile
p1@ a
price Of the book. colored Designs.
we have completed arrangements for charming
Serial Stories with Christian Reid, Author Of
yaers of BoRe
mia, AFTER Many Days. "Bonny Kate etc,
etc. Also with Marian c. 1: Reeves and Emily
"Oid Martin Boscawen s JEST "Aytoun.' 1.-TWO
Hundred Years Ago. ETC., etc.
the great reduction in price, and what Cody in
tends to do for 1872 We want every lady to have
the book for 1879. We expect our list will reach
19%Send in your Clubs at once. You can add
any names afterwards at same price as the origi-
nal club.
REDUCED TO 50 PER YEAR.
Terms, Cash IN Advance.
POSTAGE PREPAID.
We offer you no cheap premiums, but give you
the best magazine published.
Club Termss
Two copies one year, 80
Three COMES one year 40
Four COPIES one year 80
Five conf es one year, and an extra copy to
the person getting up the club, making six
EisPt eones one year and an extra copy to ~
the person getting up the club, making.
nine copies ..:::...:.4 20
the person getting up the club, making
Twenty wen sn COPIES one year and an extra copy W
to the person getting up the club, making
twenty-one coples,... ..3l 30
a3r NOW IS THE TIME TO MAKE UP CLUBS.
How TO REMIT. Get Post Money Order
on Philadelphia. or draft on Philadelphia or
New York. II you cannot get either OF these
sena bank-potes, and in the latter register
Parties desiring to get up clubs send for a spe-
cime4 copy which will be sent free.
Address,
GopEY's LADY Book Publishing Co. (Limited),
1905 Chestnut Street, Philadelphia, Pa.
oct 81
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31

The City Council of Philadelphia, having
expressed desire to give Gen Grant for
NAL reception on his return to America, he
has written to Mayor Stokely, that he will
notify the city authorities Of the time of his
arrival it he should take line of steamers
that would land him in Philadelphia.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31

ENGLAND AGAINST RUssIA.-A special
dispatch from Vienna to the Independence
Beige, Of Brussels, says that England has
addressed protest to Russia against he1
non-execution Of the treaty Of Berlin. But
the Times, in leading editorial article,
while admitting that the time has come when
some step must be taken, thinks that col.
lectiye representation of the powers will be
most efectual, and believes that France,
Austria and Germany will not hesitate to
unite with England protecting the proyis-
ions of the treaty.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31

When the people of the United States and
OF Europe purchased the bonds of the Gov
eminent at a reduced rate, they ran great
risk. They did not know whether they
would ever get cent for them. At one
time it looked like the Confederacy would
succeed 1t did not, however, and the risk
of the capitalist turned out to have been
we'll placed. Is he not entitled to the BEN
eft of tina: risk? Judge Harris and Capt.
Paul think not, but the American people
will record different opinion.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
Docket Case No. j
DISTRICT COURT OF THE UNITED STATES
- for the Western District of Virginia.
d ,toxx

In BankruptCy.
In the matter of Peter P. Pankey, bankrupt.
Western District Of Virginia. IS.
THIS is TO GIVE NOTICE That on the 18th
day OF Sept, 1873, Warrant of Bankruptcy was
issued out OF the District Court OF the United
States for the Western District of Va. against
the estate OF Peter P.Pankey, of Pampln's, in the
county OF Appomattox, in said District who
was adiudged bankrupt on his own petition
That the payment of airy debts and the delivery
of any property belonging to such bankrupt, to
him, OF for his use and the transfer OF any prop
erty by him. are forbidden by law; and that a
prove their debts and to choose one OF more as
signees of his estate, will be held at Court OF
Bankruptcy, to be holden at the office of Z. W.
Early, in Charlottesville, Va, before E. W Early
Esq, REGISTER in Bankruptcy for said Dis
trict. on the 14th day of November, A. d. 1873 at
IL O'Clock M. JNO F. LEWIS,
oct 3l-2w q. s. Marshal for said Dist
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
Docket Case No. j
INSTRUCT COURT OF THE UNITED STATES
- for the Western District of VIRGINIA

In Bankruptcy.
In the matter OF Phelps, Mccormick s. Co, b'kr's
Western District of Virginia, IS
This is to give notice, that on the 18th day OF
September, 1878, warrant in bankruptcy was
issued out OF the District Court Of the United
States for the Western District of Virginia,
against the estate of Phelps; Mccormick Co.. OF
Greenway, in the co. OF Nelson, in said dist, who
have been adjudged bankrupts on their own Pc
tition: that the payment of any debts and the de-
livery OF any property belonging to such bank
rupts. to them. or for their use and the transfer
OF any property bylthem, are forbidden by law
and that meeting of the creditors of said bank
rupts to prove their debts and choose one or more
assignees of their estate will be held at court of
bankruptcy to be holden at the office of E. W.
Early, in Charlottesville, Va, before E. W. Early,
Esq, Register in Bankruptcy for said District,
on the 18th day of Octo A. D. 1878, at II O'Clock,
M. JNO. F. LEWIS,
oct 3l-2w u s. Marshal for said Dist.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
Political Perady.

The confession of Anderson, the most
prominent of the witnesses before the Potter
Committee, following so speedily upon
the exposure OF the cipher kilograms, pre-
sents picture of political depravity rarely
equaled in this or any other country, and
which must have very damaging effect
upon the future Of the Democratic party.
The very fact that Anderson was employed
by the Potter Committee in the attempt to
biacken the character and stain the reruta-
ton Of Secretary Sherman, when it was
known that he was confessed periurer, and
was willing for any degree Of perfdy for
pay, was enough of itself to arouse the in
dignant disgust of all honest men. Now
that he admits the role he was induced to
play was the result of bargain and sale, and
that he endeavored to ruin Secretary Sher.
man to attain partizan advantage for those
who were conducting the investigation of
the Potter Committee, must create deep
impression upon the American: mind that
even the desperation Of party could go so
far.
The evidence, too, of the cipher tele-
grams that the Democratic candidate for
President in 1876, must have been cogn liant
of the efforts of his personal and political
friends to buy an electoral vote in either
Florida, South Carolina, Louisiana, or
Oregon, and thus secure the Presidency
by bribery, is another damaging exposure
which must cause serious reflection. 1t is
true that Mr., Tilden disclaims all knowledg
of these kilograms and denies that he was
privy to their existence; yet when the lfact
stands proven that they were sent to and
from his private residence, and it is known
the interest he took in the management of
all proceedings connected with the Presi-
Dental contest, it challenges the most liber-
al credulity to place conf dence in the dis
claimer.
While it is no pleasure to read these indi-
cations Of political depravity, yet in view of
the oft repeated charge of fraud upon the
Republicans, it is some qualification to know
that hereafter Democratic mouths are es-
stopped from its utterance
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
Docket Case No. j
DISTRICT COURT OF THE UNITED STATES,
- for the Western District of Virginia.

in Bankruptcy.
Western District of Virginia, IS.
THIS is TO GIVE NOTICE, That on the 18th
issued out OF the District Court of the United
States for the Western District of Va, against
the estate of VIM. H. Cochran, OF Lynchburg, in
County OF Campbell, in said District, who
mas been adiudged bankrupt on his own pc.
tition: That the payment OF any debts and the
delivery OF any property belonging to such bank
any property by him, are forbidden by law; and
that meeting of the creditors of said bankrupt
to prove their debts and to choose one or more
assignees, will be held at Court OF bankruptcy,
to be holden at the Office of E. w. Early, in Char
lottesville, before E. W. Early, ESQ.,, Register in
November, 1878, at IL O'Clock, m.
JNO. F. LEWIS,
oct 31-2t U. S. Marshal for said Dist
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31
Docket Case No

DOChtU CdSt NU. ]
I'm THE DISTRICT COURT OF THE UNITED
L States for the Western District of Va ,-II
Bankruptcy.
In the matter Of r. J. Glendy, Bankrupt.
TO WHOM IT MAY CONCERN:
The undersigned, Robert Craig, of Staunton
Augusta county, hereby gives notice Of
his appointment as Assignee OF the estate of R. J
Glendy, of Augusta county, Va, in
said Dist. who was on the day of 49, adiudged
a bankrupt on his own petition by the District
Court of said District.
Dated Stanton, Oct. 80, 1878.
apr Ait ROBT. CRAIG, Assignee.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31

Capt. Paul repeated, on Monday last, Gen
B. F. Buffers argument in favor Of green
backs. He said that they had carried the
country safely through fearful war, and II
they were good in war times, why should
they not be good in peace times? The vi
cissitudes Of war are not the necessities of
peace. War destroys values while peace
makes them. War makes debt, which the
greenbacks represent; while peace creates
wealth, which gold and silver represent
The wealth of nation is not represented
by Its debt, no more than the wealth of an
individual is represented by his debts. We
are, as nation, trying to redeem ourprom-
ises, and wipe out the war debt, and get
down to peace prosperity. The solemn
pledge of the United States is on record that
no more than $40O, 100000 greenbacks should
everbe issued. Upon this pledge we borrowed
money, and those who loaned their money
on our bonds believed that the pledge was
sincere. No true American citizen should
wish to 60 back upon this pledge.
Judge Harris says he wants the resump-
ton act repealed, SO that contr action of the
currency may stop. He ought to know that
instead of contracting, resumption will in
late the volume of currency. The law now
positively forbids contraction, and provides
lat when the greenbacks in circulation
hall be redeemed. they shall be re-issued.
The minis are now turning out from 50, 000,-
300 to "a, OOO, 600 of silver every month, and
assumption will let out the coin in the
treasury, thus increasing the currency vol
,me to at least 81 ZOO, 900, 000-greater than
t has ever been before and largely more
han the demands of trade require.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-31

EVILS OF A FLUCTuATINa CURRENCY.
When, by fluctuat tons of the value of the
standard by which values are measured, the
prices Of all commodities vary incessantly,
the element of gambling enters into all bu-
siness transactions, and commercial morali-
ty of the nation is undermined The desire
to acquire riches suddenly and without la
Dor then becomes contagious. Honest toll,
with its slow returns, gives place to specu-
lation, amid the excitement of which the
stern requirements OF morality are forgot
ten. Men naturally honest, who, treading
the firm foundation of specie, would never
have gone astray, deluded by paper money
and enticed into hazardous ventures, find
themselves defaulters before they are con-
scious of wrong.