davidaulloa/AmericanStories huggingface dataset:
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
CHESAPEAKE ANr ONO EAILEoAp.i
GENERAL PASSENGER DEPARTMENT.
March 1875
CHESAPEAKE AND OHIO rail-

An accommodation train lca"es Richmond daily
Except Sunday ut 3;45 r. ST. and arrives at
Junction 5l4 r III: Beaver Dam Pr; 3;23 J.; ~
and connccTs at Gordonsyille with Virginia llrilanG
train, arriving at Washington AT 1915 i. ~: BAL
tiniore. $3.50 A: ~; Philadelphia, o:iD \. NJ; Ne"
York. $685. A. NJ.
Through sleeper from GordonsyiIIe to Ncw York.
Mail train daily Except sunday stops At AL rcgur
lar statiolis and connects AZ GorlonsSlic Win th
Virginia Midland railroad, arriving II Washington
at G:U5 r. NJ: Baltimore. $3.50 J. ~: Philadelphia,
$40 4. NJ, and New York. 6:fJ \. NJ.
ginia Midland railroad arriving NJ LyncE4nrE at
5:l5 l.. NJ, connecting closely with Atlantic, Nil
slsslppl and Ohio railroad for The southwest.
Express tram daily, stops a. JUNCTION. N"c s'
ton. Goshen, Mtboro, Coyinatln. aud III stations
west Of Coyinston. Cgnucctsaf GordoESyIlic wlt.'
the Virginia Midland Railroad, arriving At Washing
ION at $40 A. NJ: Baltimore. $3.50 \. w.: l'hiia-
'delpbia l45 Z. NJ. and New YORK. 3:lo !. VI; con
meets al Charlottesville with the virginia M!lIs'
railroad, arriving at Lynchburg AT i:js \. VI.
Connects at Huntington with Chesapeake ana Ohn
steamers for Ports nouth, Cincinnati. and al points
in the We>t. r,,,
and Coyington. =,
East. bound mail leaves Huntington Ut $40 /. VI
and arrives 1T Richmond NJ SD +. vi. da'iy"A-
Express train leaves Huntington III ll:O0 ~ VI,
and arrives ut Richmond 1T 1880 \. u. daily. =,
Accommodation leaves GorGon.yi vile a, J;lG y. W.
and arrives al Richmond at 800 y. y. u"iif IVA
Through tickets for sale TO all principal r"ini
Richm0nd III Company Offices: al SO Slain Ni''''
NA' CONWAY Il. HOWARD,
General PnaScngcr ana iichrt NE'aS
w. VI. ). DCSN,
Engineer and Suurr!Etcndent.
NH o Richmond. Va.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
Flour.

Fine, 81; superfne. Il. 75@$5; extra superfue.
1915 comm or, family. S6,25l6S6>5O: .ancV e. n
lily and City Mills. G7@&7.5n. 3Iayha Nttle active.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10

IN THE MA 2
6sSONIC TEMPLE ASSOCIATION lothef EH.
than Masonic hodiesl desiring 20 sell their
stock 10 the Grand Lodge requested 10 ree1ster
Their names aE once with HE GrapdS Secretary, Right
Wcrshjpinl WILLIAM b. ISAACS, Office second
door NV.l liz Main street. 81 ss
yeSftnent. JOS EPtI CARLETON Y.
4 IN Civ Chairman.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
TOR RENT, DESIRABLE DWELL-Gta
e. - lNGS AT Low RATES. Eli

5O7 west Grace street, opposite Laird's flower
garden bathrooms. &C.: IL rooms.
: sos east Frankin. near Fifth; large yard, and
kitchen, bathroom; &C.; IL rooms.
$40 west Main new stock brick; bathroom, &c;
reduced rate; 10 rooms.
9lU west Grace street: conveniently arranged,
good neighborhood, bath, &c, &C.; ] o rooms.
327 west Main street; stock brick: rooms.
Is west Cary street bath. &C.; 9 rooms
203 west Cary street: new BRICK rooms
7O5 north Twenty-scventh street, Church Hii; 6
rooms. - 49, :. ssr.
250S east Marshall street, Church Hill: rooms.
III north Fourth street brick; rooms.
1877 west Cary: good order: 6 rooms.
735 north Fourth: COOL order: 8 rooms.
& 81 z north Brook avenue; rooms.
516 south Bcivdere street; rooms.
: SJ4 south Cherry street: rooms
SMALLER HOUSES IN OTHER LOCALITIES.
ABBY to j. THOMPSON BROWN,
t<i7g So :: Real Estate Agent and Auctioneer.
ap 6-4tY.t Ills Main street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10

Rv direction of the owner, will sell at public
auclion to the highest bidder, Without limit or re-
serve. OH WEDNESDAY. April 10th. at IL o'clock
NJ. the above desirable property, consisting OF q
large and very substantial THREE,SToRY BRICK
STILI-HOUSE, a BRICK BONDED WARE
HOUSE, storing capacity 5000 barrels: SEVEN 5;s
ACRES OF GROUND, watered by 4 large creek.
The construction of this property is said 70 have
cost SS5, 900. The main BUILDING, % feet long by
As feetwide and constructed in the most substantial
manner, contains machinery
81. 4 COPPER STILL, ~.
COPPER WORM of extra size,
COPPER DOUBLER;
Two BOILERS-45 anc 6Q-horse power.
and all necessary DISTILLERY MACHINERY, in
Ill com nlete order.
The location Of this very desirable property being
near the corporate line of the city and Immediately
at the wharves of the Chesapeake and Ohio railroad
with branch track extending 10 the building should
render It most desirable as an investment or for any
manufacturing purpose. Should the property Lot
be purchased as whole, am authorized 10 pro-
ceed Mt the same hour 10 sell the machinery houses
and ground in such divisions will be made known
at sale. .s.
TERMS: One third cash, balance III one and two
years. six per cent interest added, and secured by
deed OF trust. j. IHOMPSON BEOWS,
NH 23-SSV Auciioneer.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10

@ POSTPOEEMENT.
Byreason OF the rain last evening The FOREGOING
N1llsN 20 W. GODDIN,
on n .gegs;ss ! 49, Auctioneer.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
COsIMIssEON MERCHAnTs.

COha MAs,ShWSs. ~ - -I--1@~e -
rHARLES T.. TODD, s@
4 WHOLESALE GROCER AND COMMISSION
-.. sz-s91s Y. MERCHANT,
80 No. 1915 CARY STREET
For the better accommodation Of my saFgely-in-
Iercasing FLOUR and PRODUCE business have
rented The substantial four story iron-front ware
house No. 1915 Cary street Commercial Block and
have connected with 1t The ysi.,. :. L
WHOLESALE GROCERY, GRAIN, MILL
sTUFFs, AND hay TRADE. if&
Having laid in a large and varied assortment Of
stable goods, to whfea constant add are being
made from the cheapest markets OF ibe country,
Invite examination or my stock and prices by both
eitY and country merchants. sq r.
Particular and uHremttting personal attention Nth
be paid to the COMMISSIONS DEPARTMENT. Con-
sigpments of FLOUR. GRAIN, HAY, and every sRe-
cies OF ,MERcHANDISE are res pecffnfly solicited.
Moderate charges, prompt returns. and nbetaf cash
advances, when desired, promised IN every ease:
y rs +, CHARLES i. TODD.
z The GENERAL GROCERY and FEED BUs1-
MESS so long and successfully conducted under the
frm-name OF CHARLES u. T0DD& CO., ut Nos.
42S, 430. and 432 north Sixth street corner of
Cay Will be contpntd with largely Increased factli
ties for serving our old customers and friends, for
whose patronage and stea5ast Kindness In the past
we beg 10 return grateful thanks. ~. <,
{ sp i,eod I'm CHARLES 4. TODD s co.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
!. .i,s..,. ssss.
I.NIaTTIRE ar, iANkfs...A i o, 4 s7s
4 gotr (lEa RlCfiSfoN1 APRIL Q, 1873 &

n -r,ses. lfstlt TIDE.
N. scss . J. Morning ,s.. K. "!
MAJ, N ts ,Ia Eyerfn q,
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
By Poindexter 81 Taper,
Real Estate Agents and Auctioncers.
200 Main street.

DY REQUEST OF THE OWNER WE
D WILL SELL BY AUCTION on the premises,
on THIRSDAy- April 4. 1873. at 5 O'Clock 2. NJ,
two TWoESTORY BRICK STORES and DWELL
INGS, with large LOIS attached Nos. Alp and 4l4
Iluyal street. one square from Brook avenue. Also
two ivy O-ST0TY ElsAa1E TENEMENTS corner
of Shocks alley and Baker street. with two BUILD
ING LOTS % feet front each adjoining the same
Particular attention called TO this sale.
TERMS: VERY 1r1eral-
POINBEN.rER, s UPPER, Auctioueers.
FSSTP0GEMENT.
The above sale Is postponed to WEDNESDAY,
j 9th instant, ut The samekour.
YOINDEXTER i UPPER. #
an 5-F.M&W Auctioneers.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
. e e, * by Richardson s. CO., Is
Real Estate Agents and Anciioneers,
~ 1lI3 Main street. r,

VTALUABLE FRAME DWELLING
AND LOT ON lTWENTY.EIGHTH STREET
BETWEEN BROAD AND GRACE STREETS,
CHURCH HILL, By. AUCTI0N:aWe shall VI sell sell, ~
auction, on the premises on TUESDAY the 9fh o.
RAME DWELLING owned and occupied by Mrs.
.Craddock, with basement and two stories above.
containing seven rooms; kitchen, &C.; and lot
Fronting SO by 1873 feet more or less, on the east
side OF Twenty eighth street between Broad and
Grace streets, Church Hill.
TERMS !: One third cash balance in six and twelve
months negotiable notes given for the deferred pay
menis with interest added and secured by deed OF
trust RICHARDSON & CO.,
4 uctiuupprS.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
by George S. Yashon & Son, Auctionecrs,
go .Fi,t No 7 Ten b street. IL
TRUsTEEs SALE OF LOT, WITT

:TRUSTEEsS. SALE !. OF LOT, WITH
Il BRICK DWELLING THEREON, SITUATED
On rTHE NORTH SIDE OF LEIGH STREET
ABOUT ONE SQUARE WEST OF BROOk. AVE
ME, NOW OCCUPIED BY JOSEPH W.
M00RE-LOT FRONTS TWENTY-FIVE FEET
ON LEIGH STREET AND RUNS BAGk At r. r.
REGULAR DEPTHS TO AN ALLEY TEN FEET
WTDE.-By virtue OF d deed OF tr1lSt from Joseph
~ Moore and wife to The undersigned, as trustee,
viii. b4ng thereto required by the beneficiary, pro-
WEDNESDAY THE 10th day of April. 1878. at
Ak O'Clock r. H., the above.desCribed PROPERTY.
lsERlis:s The deed requires cash as 70 the OK
penses and 3 sum sufficient pay Off and discharge
note for $3.50. with interest from the 18th of DAN
nary 1878, TIL paid, but IL Is probable that more
liberal terms viii be announced on the day OF sale.
CHARLES T. VASHON,
NH 80 ~ IS + Trustee
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10


NOR RENT, STORE AND DWELL- "a
Ting No. $40, on the south side CT Broad LII
between Eight h and Ninth streets.
Also, that desirable ST ORE and DWELLING No.
7l5 on the south side Of Main between Seventh and
Also, STORE and DIV YELLING on the east side Of
Eighth between Main aud Cary stlIgts.
: Also, SMALL BRICK DWELLING No. zoo, on
FraRkin street, adjoining the residence OF 9enerai
Also, that desirable BRICK DWELLING No:
sue, situated ut the southwest corner OF Clay ana
: Also, that desirable BRICK DWELLING situated
at the corner OF Franklin and Twelfth streets, suit
able for clearinghouse. 49, .,Ls.. 2. -
Also, UPPER, PART of HOUSE No: 10, on the
west side of Fourteenth between Franklin and Main
: Also. TWO SMALL FRAME DWELLINGS, Nos.
oil and IL IL. ON the east side of Cherry between
Cumberland and Beverly streets.
Also, TWO LARGE ROOMS over Wolf Biiilara'
Saloon sal Apply 70 JAMES AZ. TAYLOR & SON.
ap10 Real Estate Agents ana Auctloneers.
TORRENT, SEVERALPLEAs&NT f essI
I~ROOMS, with or without board. over the Ell
Virginia Opera House. BOARD, - 90 per week.
Apply on tie premises. aPI0- W,t&Bl3tN
II o r r ENT, s.at@ 2tt~ Ga
MoUNTAIN-TOP SUMMER RESORT,
ON TOP OF THE BLUE RIDGE MOUNTAINS
N1f1,xY
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10

T1OOK AND ~ Dbl M DIRK NEATLY EX.55
Id EGUTEn u she I,IEPATCH Paintings.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
SEQ CASES OF SHOES AT AUCTION.

!. $50 CASES OF SHOES AT AUCTION. h;
I will sell on WEDNESDAY, April 10th, at 10
O'Clock B. d., on q credit or four months. at the
store OF kenry Gunst- Id Main streef, 500 cases
seasonabs goods, comprising general assort-
1rent of
MEMS, BOlEN'S, and CHILDREN'S SHOES.
THE trade is earnestly invited TO after d. as tins
win be ap attractive and positive sale.
~ ..'.7s.7 '7.n3 Z. n. POWELL.
3c 2-Tq,Th.S.Tu&W5E AuCtiOneer
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
RAILRoAI, Irvss.
pICHMoND AND DANyILLE Rail.
LII ROAD COMPANY.

Sd E9 s:sssssssI sss7 @g
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10

BY e. w Powell, Auetioneer.
THIRST TR AIDES SALE OF THE
Il 80. ..ess..,--s SEASON. $780,
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10

DOR RENT, THAT FIRST-CLASS@s
II RESIDENCE No. 215 Governor street. at Eli
present occupied by Major A. r. Courtney. contain
ing nine rooms. kitchen and servants rooms,
with all modern improvements and In perfect order.
There is aIsoa stable and carriage-hOuse upon the
premises. Possession given al once. Apply to
i" JAMES NJ. TAYLOR & SON.
an G-2t Real Estate Agents and AuciiOneers .
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
s0lHEAP FREIGHT RATESs.I5s2,

Y BY THE s:ll.sa.sasaia
POWHATAN LINE for BALTIMORE
AND THE WEST,
AND THE
CANTON INSIDE LINE for PHILADELPHIA.
Tne Steamers SHIRLEY and DEFIANCE vii
leave from Twenty-Secoud and Dock streets every
WEDNESDAY at IL 81. and SATURDAY at j..
d. Through bills Of ladiDS signed TO all Canadian,
northern, and western points al low ratea.
Ii. y. DOUGLASS. Agent,
fe Twenty -sccOn>i aud Dock streets.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10

POSTPONEMENT. ~
s The aforementioned sale is postponed until Ed
3NESDA Z the j 9th OF April. 1873. Mt AZ O'Clock
sP M 4rsflN, ~ 49, RICHARDSON e CO.. !.
u nm n n tt - E.ss gf 4 Il 10 srAuctioneerS.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10

DOR RENT PRIVATELY, NICE "a
n BRICK HOUSE, with six rooms: cook ELL
fnR-range. laundry, and all necessary out HOUSES
for n small family. Rent very reasonable.
j. X. HOCkADAY,
ap 9-7w ss9 1898 Main street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
{. BAIYMOEE
LOUISVILLE.

e LOUISVILLE. Aprl, o.-FlOur dull xnd unchanged.
Wheat Gull; red, q .15 amber and white, Sl.lS@
&I2a. Corn scarce and firm ;white, &C.; niixed,
42c. Oats dull white. 32c,; niixeo, 30c- Rye
steady At Soc. Pork quiet at Sin.S5. LAIRD steady.
Bu.k-meats quiet; shoulders, 3A@Ss,c; elear NIB,
4fc: ckar RIB, Sc; clear sides. SIC. Sugar
cured hams, 7S@9c. Whisky easier and In fair de-
.Faand Takacco quiet and unchaBSed. -
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10
AUGUSTA COUNTY. VA.

FOR RENT would like to rent the ca
e. LARGE HOUSE, west Franklin street. ELI
now occupy, and would like to BOARD with The
family that rents the house. have four III family.
The house is furnished.
80, = y SAMUEL W. HARDWOOD,
Soy, ,Q-9t fttra.t1-s. No. 8 Governor street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-10

RICHMOND, YORK RIVER AND tHESrEAkEl
. RAILROAD.
SCHEDULE OF TRAINS.
= COMMENCING MAY y. 1877.
Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-10-02

tioually be substituted. The credit of each is
based upon the National faith Toincrease this
currency would simply de crease Its purchasing
power. Its present volume Is equal to that
before the panic Of 1878, while the price OF
nearly every article of consumption is so re-
duced that dollar will purchase more than at
any period since the war.
To paw the National :eht with irredeemable
promises to pay is reputation. The masses OF
the people of Pennsylvania are honest, and
cannot sanction reputation in any form. The
remedy for our present difficulties Is to be
found only in patient adaptation Of ourselves
to our surroundings. The current of worldly
affairs flows on irresistibly; we cannot turn It
back. We are gradually but surely rising from
the slough of debit incurred when it was SO
easy 10 borrow, aud we emerge from IL we
will find our way back 10 National prosperity.
The Republican party has always insisted
upon the equal rights OF men, without regard
TO color. condition, or nationality. IL gave the
right 10 manhood. 10 labor, and to the proceeds
OF labor, TO four millions Of down-trodden peo-
pie, and can never agree to surrender the right
of the humblest citizen to live unmolested
under his own roof tree, and to contract for his
own labor as he will. The founders of the
Commonwealth, ioiling people, handed It
down To their posterity with title sanctifled
by struggle, suffering, and sacrifice, indestruct-
ibe by any of the wild vagaries OF socialism OF
communism.
The safety and prosperity OF this State de-
pend upon the maintenance of the principles OF
the Republican party. il has proven itself 3
Trustworthy guardian of the interests of both
State and Nation. Public security, public con-
fidence, and public honor are alike involved in
the coming contest. The voters of the State
will be found with the party which has given
strongest evidence Of its ability TO maintain
them all. 81. 5. QUAr.
Chairman Republican State Committee.
Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-10-02
FINANCIAL FOLLY.

Is IL human nature 20 be dishonest? may well
be asked in view of the attitude OF many people
iu this country towards the financial status of
the Government. IL would seem, indeed, that
the present cry for more greenbackS Is meant
TO be reputation Of our piignled faith aud
credit because that is what an i.iILii4ole issue
of paper promises to pay amounts TO, and
nothing less. Ever since the close OF the re-
belIion and the grand propOi tions OF the Re
publican party became known, studied and
persistent effort has been made ty an uDscru-
puiOus opposition, North aud south, 10 oclittic
the Government II sought to destroy and to
impair its credit by meddlng with lis currency.
IL reached its crowning disgracetnl act when
samuel J. Randall, representing IN part this
great manufacturing aud mercantile city, pre-
sented aud passed to its enactment, in 1871, 4
bill demonetiziug the silver dollar. This in
Jury WAS repaired oy the present Congress, no
doubt much against Mr.. RsndalPs wishes. In
1875, Congress provided FOR the resumption Of
specie payments, in order that our currency
values may be equalized, and We are close TO
specie payments to-day, with an increased Dus
ness in all departments oi trade ami glowing
prospect of future prosperity, If things are per-
mitted to 90 on they are.
But the uututOred, inexperienced and i'm
pressionab!e thousands of Veopie, under
the guidance OF most unprincipled denlagpgues
of the Butler school, are clamOriug tor cacAp
moneT and plenty OF IL, under the insane idea
that when money is plenty they shall have an
abundance OF it, and threaten 10 so disturb tae
financial credit of the Government tnat there
will be a fatal relapse OF Industry ia ali its
iicsiions. Less than twenty years ago, the VOL
une of the currency in the country .including Is
sues OF State banks, was in round uuinbsTs SOD
O1DOOD That sum then was deemed anpie Tor
the business wants OF the people. The volume
Of currency in the Union to-day amounts To
500. coo 900, or nearly three tim Is much as
existed in 1850 Considering that our increase
of population and industries have not by any
means been doubled, il Is eyident that there is
an abundance of money in the country to-day
to meet all the requirements OF trade. Again,
the greenbacs clamorers should rememner
that cheap money means dear provisions aud
expensive necessaFies OF life, for an iliimita0ie
issue OF paper money will restore the dark days
when, as the laboring man 90 aDtiy put it.
Zone went To inaraeE with his money in the
Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-10-02

basket and carried his purchases hons
pockets.' Certainly no sensible wo-Ls -
who wants dollar with one hundred -s'
will be willing TO jeopardize its value nv ~,
for an increase of paper money of the ss
kind, which in a very brief time Womb - -
its proper value of ten cents per poun1 S
II is difficult 20 comprehend how some o,,.
wise Intelligent men can bring tbernssi,.''
believe in the fiat money! here.y r 2
fathers of the Republic in their teachiurs -
Weighed against il, and the great party L. L
OF their day, Webster and Benton, Seno,--
paper money in no measured terms. S,i5 y.
great expounder of the Cons titutio,. -
speech delivered in 1882: ''Of all the -. "a
yances for cheating the laboFing rIass.s
mankind. none has been m1re eiFecsu,l :,
that which Geludes them with pauer ~
This is the most efectual inventions N -
ize the rich mans field BY the sweat os --- -.
poor mans brow OF course Webs,s- s
god like, would be voted an ignoramps ~.
compared with the Buffers, the Hughes ~
Kearneys and other peculiar patriots: bu, Y.
words are nevertheless true, as those wbo -
now attempting to SOW the wind will assn,,i'l
realize when they are reaping the whir.wi-i
should they succeed in their aim.
The currency of the United States va ~
In so good a condition since the spring of i,,,
as it is to-day, and it is rspiily nearing n.-.-.
tion. For the sake Of the peace ard nm,
ity Of the country, let 1t alone until II sbaa =.
demonstrated We are able to Dear adfi,i,-I
debt burdens. Let us get safely ou. Of the 80
Ofdespond in which the panic OF 1873 tsr.- =
and from which we are emerging Traly,- =
unto dry land Let US feel assured tbe, :,
have once more solid foundation bana,.s
our feet, and let the currency severely 80
until il Is Enthusiastically. demonstrated IL, :
is not adequate for all our wants.-PLlal.'-ji,
PT0yrsSS
Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-10-02

not fail on its notes. The Government requires
il to keep a redemption fluid constantly In The
Treasury. and the bonds on deposit are always
more than sufficient to pay every circulating
note outstanding.
But il NAV be said that greenbacks are made
legal tender while bank notes are not This
is very true, but it proves nothing. The legal
tender "fiat" is useful only to compel people to
take money that Is worth less than 1t purperis
to be worth. That is not the case with bank
notes. Although not legal-tender dollars, they
are and must always be worth such dollars
Nobody ever refused the note of a solvent bank,
except for three reasons-the first, ignorance
OF the nature and use of bank money; the Sec
ond, an unjust doubt of the solvency OF the
bank; the third, the distance OF the place OF is
sue and the consequent loss OF interest during
the time necessary to send it home for redemp-
tiob. N!ot one OF these three reasons applies 10
the National bauk notes.
The people are thoroughly accustomed to
bank money: the solyency or insolvency oil the
bank does not affect the valpe OF its issues; and
the notes OF the banks Of Dakota are as valuable
in every way in Chester county IS those OF any
bank in our own county. Hence IL happens
that in buying and selling aud in the pay ment
OF debts no man ever thinks OF providing himself
with or asking for one kind of money rather
than the other, and no creditor IN his senses
would think of demanding greenbacks, unless
IL might be to play sharp trick upon the debt
or. The decree that the baLk notes should be
legal tender would no more add TO their value
than its absence has detrarted from that value.
The bank note circulation is, however,
perior to the greenback system in one very im-
portant sense. Not that an individual note of
n bank can be worth more than that in which it
is to be redeemed, but in the system and laws
that govern the issue. Universal experience
shows that the condition OF trade determines
the amount OF the issue Of bank that is we'll
conducted, and an excessive amount can no
more be kept outstanding than a gallon of
water can be forced in quart pot. The note
issues OF hank are constantly returned TO il
for redemption. The rule Is illustrated by
single fact. During the year covered by the
last report of the Comptroller of the Currency,
ten National banks were put in the hands of
receivers. Their total capital was s., ,3i4 900.
Although five Of the failures, including the
largest, occurred in the last five months of the
year, there were outstanding on the date OF the
report less than s150,OOO Of their circulation,
out of u total OF 81 ,450, 900 issued to them.
There had been no loss OF value to any one of
the notes. AS long as they circulated they
were worth their face, and when they were pre-
sented Tor redemption they were duly redeemed
for the Government held more of the banks
capital than the value of the bank notes
Chester County Vaidye Record.