davidaulloa/AmericanStories huggingface dataset:
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
Tag on Banks.

The United States Treasury, on the 3rd
day of August, 1873, held in its vaults $685.
100000 in United States bonds to secure
national bank circulation, and on which it
pays the banks the usual interest. At per
cent. this would amount to s20,9l0,042 per
annum but, as the bonds bear different
rates Of interest, down to 4 per cent, say
the average is 5 per cent, which amounts
to $l7, 425,035 a year. New, while the
banks thus receive about seventeen and
half million dollars annually in interest,
they pay out in taxes to the Federal and
State Governments from eighteen to twen-
ty.two million dollars every year. If there
fore, the banks receive certain amount OF
the peoples money in interest on United
States bonds, they pay back the amount and
million or two more to the people in taxes.
Thus it will be seen that the national
banks really pay out more taxes for the re-
lief of the people than they receive interest
from the government on the bonds depos-
itel to secure their circulation, Yet the
financial quacks would revoke the charters
of these institutions, which give to the POOR
man the only unquestionably secure bank
paper money ever issued in this country,
and substitute for them State banks, Which
caused incompatible loss to the people in
times past. If the people would think "a lit
tie about this matter, they would hesitate
before they would accept the nostrums of
the office-seeking politicians.
A similar piece of thoughtlessness is
the proposition to tax United States bonds.
The fact that the government is able to put
out four per cent. bonds, is sufficient evil
dence that tie non-taXable feature Of them
works in the interest of the people. Were
the bonds subject to taxation, it would be
impossible to effect loan in that way
While individuals pay from six to eight per
cent on loans, the government pays four
and four and half per cent, and that dill
ference is more than the tax would amount
to. So looking at it from an economical
stand point, it is to the interest OF the peo-
pie not to tax United States bonds. Howev-
er well secured, no one who has money to
loan, would contract for less than six per
cent. for the bonds so taken would be sub
ject to State tax, and yet tn lat would not
make them as low as investments in United
States bonds. The people get the BEN
eft of the low rate of interest at which
the government is enabled to negotiate
bonds, because of their non-taxable char
acter, and when the matter is carefully
considered, it is made plain that not to
tax them is general land uniform relief to
the people.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
Secretary Sherman's Speech.

We invite attention to the synopsis of Sec
rotary Sherman's speech, delivered in Tole-
do, Ohio, on the 2Gth ult.,- and published on
the first page of the VIEGINIAN to-day. A
careful perusal of it will enable the impair
tial reader, who is seeking the truth in re-
lation to the financial question, to form cor
rect estimate Of the policy of the admins
tration, and the wisdom which has controlled
the management of our financial affairs
We gave last week a synopsis of the speech
of Judge Thurman, delivered at Hamilton,
Ohio. Our object was to show the Demo
cratic view of the question, for the purpose
OF presenting the contrast in the speech Of
Mr.. Sherman. We wish to be fair in the
columns of the VIRGINIAN, and to that end
give both parties an impartial hearing, so
that our numerous readers, constituted of
both political persuasions, may have the OPP
portunity to give it an intelligent consid
Grafton. .sif
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
THE pEsTlLENCE.
TERRIBLE LIFE DEvAsTATIoN-FEAR
INCREASE OF THE DISEASE.

TERRIBLE LIFE DEvASTATION-FEAR
INCREASE OF THE DISEASE.
For the past week the VALLEY Virgin
IAN Bulletin Board, and the Bulletin Board
at the Post Office, have given daily brief
special telegraphic dispatches Of tho fearful
progress OF the yellow fever throughout the
entire Southern basin OF the Mississippi
river, and the unprecedented fatality which
has attended its visitation. Never In the
history OF yellow fever IN this country, has
the mortality been so fearful, and never the
suffering so great, from the complete ex-
haustion OF physIclans, attendants ahd nurses
who have risen TO the very sublimity OF
humanity In the herolam displayed Ia facing
death In this hldeous form, fhe town OF
Grenada In Miss, has been almost uapepn-
lated. Whole families have been stricken
down and died; aud very few ara left either
as food for the awful pestilenee Of to assist
in caring for the sick
In New Orleans the deaths up to tho I'd,
had reached 1901, including Adl children
under eleven years of age. The govern
ment has been called on TO Issue rations, as
contributions thus far have been Inadequate
to tho demands.
Az Baton Rouge, the total deaths was
eleven, u large number sick, and business
suspended.
At Port Gibson there were 400 cases OF
fever, and 55 deaths out Of 500 persons re-
naming in the town. There was great dis.
tress.
III Memphis on the I'd there were 81 new
cases and So deaths.
number of cases had occurred at Hick.
man, Ky, several at Louisville, st. Louis,
and other river towns.
At vicksburg 2o4 new cases were report
ed on the Cd and 10 deaths.
The disease has been especially fatal
among the doctors and Catholic priests,
who have devoted their lives to the relief Of
the suffering communities where the fever
has gotten hold.
| At Memphis and other points, in some in
stances the dead were abandoned for. want
of persons to bury thenl-the undertakers
sometimes refusing to dig the graves. A
peculiar and striking feature Of the present
type of the fever is its fatality among the
colored people, and more especially the very
black ones. 1t has never, we believe. as
general thing attacked them, but now they
fall on all sides, and it seems almost certain
death when one of them developes the first
symptoms.
The opinion is expressed by Southern
physicians acquainted with the progress and
character of the epidemic in other years
that it will spread all over the Souther
States. or that portion of them known a.
the cotton belt, and that the worst has no
vet been realized.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
Deaths.

At Riverhead. July 9Th Mrs. Maggie Creigh,
daughter of Col. VIM. Tate, decd.
In Greenvlle, August 18th, Annie Moffett, ED
est daughter OF DR.. John Tate.
In Harrisonburg, on the 23rd of August, at the
residence of her son-in-law, ]. M. Irvine, Mrs.
Catharine Sterling, widow of C. Sterling, decd,
in the 73rd year Of her age.
In Waynesboro', August 5th, of cholera infant
UNI, Percy, infant son Of C. Il. and Mary IS. With
row, aged months and 81 days.
On the 20 Of september, OF typhoid fever at the
Pisgah Church. in this county, Howard L. Root,
aged 16 years, one month and is days.
Aug. 22d, near ChurchviIle of Typhoid Fever,
Mrs Susan Smith, wife Of Mr.. Gideon Smith,
aged about 10 years.
NON the 1st inst, near Churchviile, OF Ty-
phoid Fever. Mr. John Joseph, aged % years. He
had been married only q few months.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
Will it Pay to Repeal?

AS we have more than once stated we are
not particularly friendly to the national banks
as operated, and have no interest in them
personally either as borrower or stakeholder.
But there are certain facts connected with
them that the people ought to know, now
that the Democratic politicians are clamor-
ing for the repeal Of the law creating them,
and seeking to createan aggravated prejudice
against the system. 1t must be borne in mind
that the greenback pays no tax to the gov
eminent, the State, or municipality, that the
national banks do, and that in eleven years
that tax has amounted to one hundred and
eighty-t7sree millions, four hundred and sin-
ty.fce thousand, seven hundred and eighty
sac dollars and sinty-si1 cents. The report
of the Comptroller Of the United States
Treasury for 1877, page 80. shows, in tabu-
lated form, that in eleven years, from 1866
to 1876, both inclusive, the national banks
paid in taxes $ls3, 1865, 7S6.66. About one
half OF this, 500, 22s, 7SS, was paid in taxes
demanded by the States in which the banks
are respectively located the other half or
portion was paid in taxes imposed by the
Federal Government. Greenbacks have
never paid single cent in taxes, either to
the Government or the States. Should the
banks be abolished
1t is this system which gives such reve-
nue. to the government that the candidates
for Congress in this district, and throughout
the State, want to repeal, and substitute for
it the non-taxable greenback. They would
upturn the whole financial system OF the
government, indeed, to have an excuse to
appeal to the thoughtless and deceive the
people, in order to capture votes. In four
months more resumption of specie pay
ments will have been accomplished. The
country will then have sound, non.fluctu-
ating mixed currencyof coin, national bank
notes and greenbacks, in nearly equal parts.
and convertible at par, paper into coin, or
coin into paper, and all guaranteed by the
national government. The system is COM
plete in itself, and left alone the propitious
results of its operation will be felt in all bu-
siness channels and Industries. With bal
ance Of foreign trade in our favor amount
ing to $3.50, 1000, 900 for the past year, with
this great influx Of wealth increasing for the
years to come, evidencing the growing pros
perity of the country, what utter madness
it would be to attempt to destroy the agen-
cies which have aided in these great consum-
nations
Will the people of the Valley, who are so
deeply interested in having safe, reliable
currency, and a settled, solid basis for their
business transactions, give ear to the wild
notions, which would confuse and revolu-
tionize our entire monetery relations, by
the banks calling in their circulation, COM
pelling settlements, and inaugurating vir-
tual chaos? We want cessation from such
harmful agitation, and the genuine inter-
ests of the country subserved by preserving
the financial policy which has achieved such
marvellous triumphs, as a review of the
nation for the past ten years exhibits.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
Gale Of Valuable Real Estate,

.i.lss In augusta County.
By virtue of deed of trust and by authority
vested in me by Ro. L Johnson, will offer Tor
sale at public auction on the premises, on
SATURDAY, AUGUST 3lst, 1878.
tract of land, lying on the waters of Middle
River. containing
S 1874 ACRES AND % POLES,
situated near New Hope, in Augusta co. This land
is well located convenient to stores and posi-
office, and is of thevery best quaity;about 5o acres
is FINE RIVER ROTTOM.
The sale will afford fine opportunity to any
one desiring to purchase a small farm. .o
TERMs:-Cash in hand to the amount OF S90o or
$1,000, and the residue in one, two, three, ana
tour years, reserving vendors lien as ultimate
security VIM. A. HUDSON,
aug 15-tds Agent and Trustee.
POstpOnement.
The above sale is postponed until MONDAY,
SEPTEMBER sd. 1878. (Court-day) in front of the
Courthouse in the city of Staunton, when it
will be sold without reservation. -
VIM. A. HUDSON,
sep5-tds Trustee.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
Docket Case No. 4O4.l

Docket Case No. 404l
INSTRUCT COURT OF THE UNITED STATES
u for the Western District of Virginia.
in Bankruptcy
In the matter OF Alfred Cakes, bkr'pt.
Western District of Virginia, IS.
THIS is TO GIVE NOTICE, That on the 28th
day of Aug, 1878, warrant of bankruptcy was
issued out of the District Court of the United
States for the Western District OF Va, against
theestate of Alfred Cakes, Pittsyl-
who mas been adiudgeda 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 forbid den by law; and
that a meeting of the creditors OF said bankrupt,
assignees, will be held at Court OF bankruptcy
to be holden at Danville, at Planters National
Bank, before John 7. Watson. ESD, Register in
Bankruptcy for .said District, on the 24th day OF
September, 1878, at IL o'clock, m:
JNO. F. LEWIS,
aug 292t U. S. Marshal for said Dist.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
yNezo Advertisements.
Assignee's fTe
OF
Re al Elsa re,
In Page County.

Pursuant to an order of the District Court OF
the United States for the Western District OF Va,
entered in the matter of George Summers, bank
rupt, / will, on
SATURDAY, SEPTEMBER 21st, 1873
in front of the Court House door OF said county,
sell at public auction to the highest bidder the
real estate, to wit:
81 ACRES MORE OR LESS,
lying on the Shenandoah River, and now in the
possession of P. C. Reid and is very desirable
home. 10 ACRES. more or less of Mountain
Land 10 ACRES, more or less OF Piny Woodland.
All of said tracts are situated IN said county
about or miles from Shenandoah Iron Works.
TERMS:-One-fourth cash and the residue in
three equal ins!alments of g. IL. and IL months,
with interest from date, purchasers to execute
bonds with good personal security for the deferr-
ed payments and the title to be retained till all
the purchase money is paid
E. JONES ARMSTRONG, Assignee
sept 5-tds of Geo. Summers, bankrupt
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
docket Case No. 403]
COURT OF THE UNITED STATES
Il maj dino INastern District of Viroinia

Docket case NO. 4U5I
DISTRICT COURT OF THE UNITED STATES,
- For the Western District OF Virginia,
in Bankruptcy.
In the matter of H. A. Darlington, bankrupt
Western District of Virginia, SIS.
THIS is TO GIVE NOTICE, That on the 9th
day of August, 1875 warrant of Bankruptcy was
issued out of the District Court OF the United
States for the Western District of Va against the
Co. of Charlotte. in said District, who has been
adiudged a 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
debts and choose one or more assignees of his es-
tate, will be held at Court of Bankruptcy to be
holden at Danville, Va, in the City Court House.
Register in Bankruptcy for said District, son
the 2st day of Sept, A. D. 1875 at 10 O'Clock, M.
JOHN F. LEWIS,
sept 5-2t U. s. Marshal for said Dist.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05

VezU Advertisements.

VTIRGINIA-IN VACATION.
Y In the Clerks office of the Circuit Court for
Augusta county, September 4th, 1878.
Mary Isabel Cochran, who sues by Andrew
Reed, her brother and next friend, Plaintiff.
vs.
George Cochran, Defendant.
In CHANcERY.
The object of this suit is to obtain divorce
a viacs1o m1atrimonti between the Plaintiff, Mary
Isabella Cochran, and the Defendant, Geo. Coch-
ran.
The Defendant, George Cochran, not having
entered his appearance, and it appearing by affi-
davit filed that he is not resident OF this State,
it is ordered that he do appear here within one
month after due publication OF this notice, and
do what is necessary to protect his interest
Teste,
W. E. Craig, pq J. N. RYAN, Clerk
dvu
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
,MUpEetS.

The market for flour and wheat is strong at
quotations given-Extra flour ~ to 80; Wheat
81. The prices show slight advance since our
last report. The demand is very active, and com
petition in the purchase OF wheat animated.
There has been good deal of wheat brought in
but offerings of flour not so active, as farmers
selling their wheat iostead of taking it to the
mills. Corn is quoted at Sic, and oats rs. Bacon,
hog round, SIC.
Wheat was quoted in Richmond yesterday at
/ O6 to TO- extra flour so to 49, About the same
quotations prevailed in Baltimore.
STAUNTON MARKET. SEPT. 8. 1875.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05

The Manchester (Va.) Courier comes to us
this week with its leading editorial in mourn :
ing. 1t pathetically announces the death,
at the Virginia Opera House, on the Goth
instant, at o'clock p. M. of the Conserva-
tive party of the 3rd Congressional dis
trict, The Courier is the ablest Conserva-
tive paper in Virginia, by all odds. and Its
authority in matters of life and death ought
to be recognized, as its editor is DR.. Monter-
10, we'll known and highly educated ply
stefan.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
FOR CONGRESS.

We are authorized to announce CAPT. JOHN
PAUL, OF Rockingham as candidate to repre-
sent the Seventh Congressional District in the
next Congress of the United States,
aug 15-ted. lta- .NfD
We are authorized to announce HON. JOHN E.
MASSEY, of Albemarle, as a candidate to repre-
sent the 18th Congressional District in the next
Congress ofthe United States.
aug 29-tde*
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05

By the legislation which fastened the fund.-
ing bill upon her she is stripped of her SOW
ereign right to control her own revenues
VALLEY VIRaINIAN. rs
That means that Virginia is compelled to
receive her greenbacks (coupons) for taxes.
The Federal Government is in the same pre-
dicament. Will the VIRGINIAN say that
the General Government sis stripped OF its
sovereign right to control its own reve-
9"-Dispatch.
No parallel at all, the Dispatch is in
formed. The coupon on the nations bonds
says nothing about receivable for taxes. -
The bond provides for payment of coupons
in coin. and they are paid when presented
at the Treasury, by legislative authority.
The coupons on the Virginia bonds arrest
the revenues before they get to the
Treasury, and take from tn Legislature all
authority over them, and deny the right OF
the State to control her own revenues.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05

TheI4ee Monumental Ball at Orkney Springs
last week was great success. Col. $.
Bassett French had it in control, and 1t.
John Donovan, of Harrisonburg, was one
OF the floor managers.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05

docket case No. 400I
DISTRICT COURT OF THE UNITED STATES
- For the Western District of Virginia,
in Bankruptcy
In the matter OF Henry A. Marshal, bankrupt
Western District OF Virginia, IS
THIS is TO GIVE NOTICE, That on the 26th day
of August, 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 Henry A. Marshal, of Smithyllle, in the
county Charlotte, in said District, who is
adiudged bankrupt on his own petition; That
the payment OF any debts and the delivery Of any
property belonging to such BANKRUPT, to him or
him are forbidden by law; and that meeting Of
the creditors of said Bankrupt to prove their
debts and choose one more assignees OF his
estate, will be held at a Court OF Bankruptcy to
be holden at Danville at Planters National Bank
before John 7. Watson, Esq, Register in Bank
ruptcy for said District. on the goth day OF Sept
A. D, 1878, at IL o'clock M.
JNO. F. LEWIS,
sept 5-2w q. S. Marshal for said Dist.
IHESTER CURE FOR ASTHMA,
II vXr u Dpr1 rrfrfof
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
BARTH & OBERDORFER,
Augusta Clothing Hall,
Opposite Court House,
STANTON, VA.
sept 5-tf
docket Case No. 4O7.1
DISTRICT COURT OF THE UNITED STATES

docket Case No. 4071
DISTRICT COURT OF THE UNITED STATES
- for the Western District of Virginia,
In Bankruptcy.
In the matter of D. B. & B F. Wood, b'kr'pts.
Western District of Virginia,
THIS is TO GIVE NOTICE, That on the 29th
day of August. 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 d. B. s. B. F. Wood of Meadsville,
in the county of Halifax, in said district who have
been adjudged bankrupts on their own petitions;
That the payment of any debts and the delivery
OF any property belonging to such bankrupts. to
nroperv nv them ars orbida s and ~ hay
meeting of the creditors of said bankrupts to
prove their debts. and to choose one or more
signees of their estate, will be held at Court OF
Bankruptcy to be holden at Danv lille, Va, in the
City Court House, in the office of the Register,
before John 7. Watson, Esq, Register in Bank
ruptcy for said District, ON the 27th day of Sep
TENDER, A. D., 1878, at u O'Clock M.
JNO. F. LEWIS,
SEPT 5-2w
us. Marshal for said District.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05

The Republicans Of the Norfolk District
on the Sd, nominated by reclamation, Maj.
John F. Dezendorf for Congress. to beat
John Goode, Jr., which we hope he will do,
and certainly will, if there is a fair count.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05
US. Marshal for said District.
docket Case No. 4O6.1

Docket Case No. 1861
DISTRICT COURT OF THE UNITED STATES
- for the Western District Of Virginia.
In Bankruptcy.
In the matter of John c. Abbott, bankrupt.
Western District OF Virginia, IS.
THIS is TO GIVE NOTICE, That on the 18th
day Of August 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 John c. Abbott, of Mount Airy, in
the county OF Pittsylvania, in said District who
was 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 prop
erty by him, are forbidden by law; and that a
meeting of the creditors of said bankrupt. to
prove their debts and to choose one OF more as
signees of his estate, will be held at a Court of
Bankruptcy, to be holden at Danville. Va, at the
Planters National Bank. before John T. Watson.
Esq, REGISTER in Bankruptcy for said Obstruction
the 26th day OF September, AID 1873 at - o'clock
NJ. JNO. F. LEWIS,
sept 5-2w q. s. Marshal for said Dist.
docket Case No. 405]
DISTRICT COURT OF THE UNITED STATES
- for the Western District of Virginia.
In the matter of VIM. C. Dyer, bankrupt.
Western District of Virginia, IS.
THIS is TO GIVE NOTICE. That on the 29th
day of August 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 VIM g. Dyer, OF Martinsville, in the
bankrupt ON his own petition: That
the payment OF any debts and the delivery OF any
property belonging to such bankrupt, to him, or
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 OF his
be holden at Danville, Va, at the Planters Ma
tional Bank before John L. Watson, Esq, Regis
ter in Bankruptcy for said District on the 18th
day of September, A. D. 1878, at 10 O'Clock. NJ.
JNO. F. LEWIS,
sept 5-2w U. s. Marshal for said Dist.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05

Col. Mosby has been commissioned Con-
sui to Hong Kong, instead of Canton, it
being better position than Canton. He
will take with him his son and daughter,
but does not expect to leave for several
months.
The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-09-05

The New York Herald says that Secretary
Sherman's speech makes it clear that Judge
Thurman's arguments are not the reasoning
Of statesman, but the sophistry of poll
tician.