davidaulloa/AmericanStories huggingface dataset:
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
The Treasury.Note.

The communication elsewhere published
over the familiar initials Sc. F. T." gives a
concise and interesting sketch of the history
of the United States treasury note. Its read
ers will see, what doubtless many of them
knew before, that the treasury note is not a
novelty in our financial legislation, but had
been issued previous 10 the rebellion both in
times of peace and war. 1t is a legitimate
and recognized instrument of credit, with all
nations. Our earlier issues of treasury notes
indeed differed little from an English ex-
chequer bill.
But in conferring upon the treasury note
legal-tender function as we did we disre-
garded our former practice and the teachings
of all wise fnanciers. Our Government
while refusing to accept its own notes for
debts due it compelled the people to accept
those notes in discharge of money contracts
between man and man. That is, it repudia-
ted its obligations but insisted that others
over whom it had jurisdiction should accept
them. That was the Objectionable feature of
the treasury note or greenback. Perhaps its
adoption was necessary considering the
plight we were in, though there are grave
doubts as to its wisdom or expediency. But
it was justified by the highest judicial author
ity of the land as a proper exercise of the
war power though the Supreme Court did
not attempt to conceal its opinion that fur
ther issues of treasury notes should not be
legal tender for private debts.
This seems to be the position of Mr.. Tai
bot. Hefavors paper currency convertible on
demand into coin, issued by government and
receivable by it for all dues, currency which
shall not be legal-tender and which no man
shall be compelled to accept. OF course if we
believe that the Treasury will pay these notes
on presentation we shall have no hesitation
about accepting Them, but we should not be
forced to take any note, either of government
or individual, in return for value given. If
this doctrine were greenbackism there would
be more declared greenbackers in the State
than there are to-day. Bat Mr.. Talbot be.
lieves that the Treasury note must have
swift and certain convertibility into coin, and
in that all resumptionists are at one with
him. The Nationals on the other hand op-
pose all attempts to pay the de~and notes,
and demand an absolutely irredeemable pa
per currency. Were their quarrel with the
national banking system alone they could
command the support of men whose senti-
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
Books Received.

Five Thousand in Gold. Cloth, 2G4 PIP. Bos-
ton: Oliver Ellsworth & Co.
Footprints in the Snow. A Novel; By Dora
Russell. Paper, $50 pp., 50 cents. Boston: Lor-
ing. Portland: Loring, Short & Harmon,
His Inheritance. By Adeliue Trafton, author OF
"Katherine Earle" Sc. Cloth, 42s PIP. Boston:
Lee & Shepard. Portland: Loring. Short & Har
mon.
Greek Literature. By Professor X. G. Jebb.
Literature Primers. CLOTH 166 pp., 40 cents. New
York: d. Appleton & Co. Portland: Dresser
Mcclellan g. Co.
Political Economy By Prot.W. Stanley Jevons
Science Primers. Cloth 1874 pp., 45 cents. New
York; D. Appleton Sc Co. Portland: Dresser,
Mcclellan & Co.
The GOdsOn of n Marquis. From the French
of Andre Thuret. No. TX Collection of Foreign
Authors. Paper, 26s pp, so cents. New York:
D. Appleton g. Co. Portland: Dresser, Mcclellan
g. Co.
j ohuson's New Method for Thorough
Base; an Introduction Book in the Art of Play
ing Church or Gee Music, and all other Kinds
that are Printed in Four or more Parts upon the
Organ and Piano-Forte. By A. n. johnson.
Boards, 12S pp, 81. Boston; Oliver Ditson &
Co. Portland: Ira Stockbiidge.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

ments find expression In the communication
under consideration. But as 1t is all advocates
of sound currency, whether friends or foes
of the National banks, are united in the con-
demnation of the pestilent heresy of irredeem-
able paper money. Obviously their aim
should be to give to the greenback as great a
purchasing power as gold has and to make it
exchangeable without loss for coin. When
that is done 1t will be time to consider the
question whether the currency shall be di-
rectly issued by government or through bank
ing corporations. When that question comes
up there will doubtless be differences of opin.
ion among hard.money men. But until Gov
ernment is prepared to redeem its demand
notes the question of the future use of the
greenback is not pressing one. Resump-
tonists of all classes and shades of opinion
are agreed that treasury notes should be made
payable in coin. That desirable end achieved
we can 60 on with light hearts to the consid-
Grafton of the question whether the bank note
or the treasury note is the most desirable and
economical form of paper currency.
Two matters touched upon by Mr.. Talbot,
the reissuing of the greenback and its accept
ance by the government for all dues, have re-
ceived the favorable consideration of Con-
gress. and will in all probability soon be ac-
complished facts. The first indeed is already
settled. With these questions out of the
way there are no present differences Of opinion
that can interfere with the hearty union of
hard-money men in opposition to the pur-
poses of the Nationals.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
Notes and Announcements. A


Mrs. Marion Lewe George Elliott has written
a new poem with the title of A College Break
fast party. 1t will appear in July.
The latest about William Tell IS labored
historical book by K. L. Muller to prove the
reality of the entire tradition of Tell and the
liberation of the three forest cantons of Switz.
erland.
OF the corresponding members of the French
Academy, Germany has nineteen, Great Brit
ain sixteen, Russia six, Italy two, Austria one
Denmark and Sweden four, Switzerland four,
one, and there are eleven vacancies to be filled.
The copartnership of Scribner. Armstrong &
Co., the we'll known book-publishing firm, has
been dissolved by the death of Edward Sey-
mour and the withdrawalof Andrew 9, Arm
strong. The new firm, consisting Of john
Blair Scribner and Charles Scribner, will be
known as Charles Scribner's Sons
A new edition of Wheaton's International
Law is published in England, rearranged and
furnished with notes and cases to date, and an
index. Another tribute to solid American lit
erature is found in an English compressed
adaptation of Mr.. Motley's Dutch Republic
under the title of Holland and her Heroes to
the year 1886.
Ernest Ingersoll will contribute to the July
number OF Scribner's Monthly an article on
The Police of New York, in which he will fol-
low the history of the force from the time of
the old Rattle Boxes and "Leather Heads" to
the present. Professor Boyesen's new story
will begin the number, and John Burroughs,
Luigi Monti, Frank r. Stockton and DR..
Brown will bs among the contributors Mr..
George Parsons Lathrop will have a story of
unique sort in the number, a story founded
upon the agreement of two college friends that
whichever of them shall first own a specified
amount of money shall divide it with the other
The Atlantic Monthly for July will have four
papers that promise to be of special interest:
T.. W. Higginson' who has lately been through
some of the Southern States, in an article en-
titled Some War Scenes Revisited, describes
the changes in the people, white and black.
since the war; Mr.. Horace E. Scudder contrib
utes clear and full account of ST.
Georges Company, the cooperative scheme on
which Mr.. Rlskin has for the past few years
lavished SO much money, labor and entnusi-
asm; Mr.. Moncure d. Conway writes Inc
Romance Of a Family, the family OF which
Hon. Peter Alfred Taylor, NJ. F., Is the most
conspicuous living representative; and, what
many readers will most value, Henry James
Jr supplies the opealng of a new serial story,
The Europeans.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

ssA return to specie payments at the earli-
est possible period compatible with due re-
gard to all interests concerned, sho ever
be kept in view. Fluctuations in the value
of currency are always injurious, and to
reduce these fluctuations to the lowest pos-
sible point will always be a leading pur-
pose i'm wise Iegislation. Convertibility.
prompt and certain convertibility into
coin is acknowledged TO be the best and
suresr safeguard against them.
ABRAHAM LINCOLN,
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

The Paris correspondent of the Baltimore
San says that the American silk stuffs at the
Exhibition are much admired. 81 have
been shown silks to-day-the product OF
America-that challenge the abilities of
Lyons. The Hudson City silk works sub.
NIT ribbons in silk that French manufac-
turer pronounces perfect Aud they are
legitimate American products in every re-
spect. When find American silk produced
in America, by Americans, am proud to
note it. 1t is on this ground that America,
as whole, will present an unexceptionabIy
superior front in the Universal Exhibition of
all nations, and compare most favorably with
other competitors" Notwithstanding the
prejudice in favor OF foreign fabrics, Ameri-
can silks are coming largely into use. Their
firm colors, substantial texture and durahili-
ty, render them preferable to most of the i'm
ported silks,
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

As a very important source of strength
and security, cherish public credit. One
me thod of preserving IL is to nse il as
amazingly r. e--islo5 avoiding occasions
Of expense by cultivating peace, but re
membering also that timely disbursem ents
to prepare for danger frequently prevent
much greater disbnrsements 10 repel IL !:
s-roiding likewise ihe accumulation of
debt. not only by shunning occasions of
expense, but by vigorous exertions in time
of peace 10 discharge the debt. which un-
avOidable wars may have occasioned, net
ungenerousiy throwing upon posterity ahe
burden which we ourselves ought 10 bear.
GEORGE WASHINGTON.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
THE PRESS.
SATURDAY MORNING. JUNE l5.

We do not read an nonymous letters and communi
cations The name and address Of the writer are in
all cases Indispensable, not necessarily for publication
but as guaranty of good faith.
We cannot undertake to return or preserve COM
munications that are not used.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

IrredeemabIe paper money '.cenveris the
business of society into a mere lottery; and
il casts laborers out of employment. crush
es manufacturers and merchants and
ruins thousands of honest, Industrious
citizens."
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

"Such medium tirredeemable paper mon
ey,) has always been liable to fluctuation. Its
value is constantly changing; and these
changes, often great and sudden, expose in
diyiduals to great loss, are the source of ruin
Gus speculations, and destroy all confidence
between man and man. Chief Justice Mar
chnu
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

AN inspection of the diplomatic and con-
sulaf bill shows that there is no appropria-
ton for the mission to Greece, now held by
j. Meredith Reed. The bill also omits
provision for any second secretaries of lega-
ton at the principal courts of Europe. Some
of these officers were recently appointed and
have but just arrived at their stations. To
Greece there is not even consul, and our
communications with that kingdom will
have to be through the minister to Turkey.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

paper emissions BY the government are
of a nature SO liable to abuse, 4 may say
certain 10 be abused, that the wisdom of
the government will be shown by never
trusting itself w th SO seducing and dam
gerOus n power.o -s44-. FL.
ALEXANDER HAMILTON.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

"IHe loss achich Anericd has sustained, since
the peace, from the pestilential effects of ire
deenaable paper money, on the necessary conf
dence between men. on the necessary confidence in
MepubHc councils, on the industry and morals of
the people and on the character of republican qov-
ernment constitute an enormous debt against the
States chargeable auith this uaadvased measure,
aohach must remain stnsatisfed or rather 1t is an
accumulation ofguilt aohich can be erpiated no
otteroise than By voluntary sacrifice on the al.
ar of justice of the pooer Which has been the an
st,7tnoent CT it.-Jdnes Madison
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

a paper currency is great curse to any
people and a particular curse to the laborer
of any country, for its depreciation alpays
falls upon the lab0rer..-Andre,u Jackson.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

1t (paper money! tends to aggravate the
inequality Of fortunes; to make the rich richer
and the poor poorer, to multiply nabobs and
poupers, and to deepen and widen the gulf
yhich separated Diues from Lazarus. s.-Thons-
as Fl. Benton.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

'Capital may be produced by Industry and
accumulated by economy, but only jagglers
will propose to create it by legerdemain tricks
with paper."-Thomas Jefferson.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
ROCKY POINT HOTEL,
BAY,
RHODE ISLAND.

This well known summer resort will be open for
the reception of guests on MONDAY, June 10 1873.
Situated on the ern shore of the farfamed Mar
ragansett Bay, equidistant from Providence and
for a summer residence. In consideration of the
times the managers have determined to make large
reduction in prces and now offer the advantages of
first class hotel at very reasonable rates. Cuisine
always first class.
Terms for permanent guests, So to Sl2 per week.
Transient guests, $3.50 per day.
The iacilities for boating, bat hing and fishing are
unsurpassed willie pleasure boats fishing tackle
and bathing suits are always 1t hand The daily
supply Of Vegetables. fruit milk, butter and poul-
try IRON the Hotel Farm.
The splendid steamers of the Continental Steam
boat Company will make frequent trips daily, be-
tween Providence and Newport, touching at Rocky
Point each way.
Address E. H. KENT, Manager,
ie212w Rocky Point Warwick, K. L.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

EVERY regular attache of the PRESS is turn ishsd
with Card certificate couDtersigned by StanIey T.,
Pullen, Editor. All railway, steamboat and hotel
managers will confer favor upon by den landing
credentials of every person claiming to repre- our
ourual.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

The Pres d-nt yesterday sent tue nomina-
iins OF Z. Fentnu, William Gr esb ok
commissioners at the international monetary
conference.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

No doubt is entertained in Washington
that Congress will adjourn Monday, and GER
tainly no regret is felt elsewhere.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

The Russians of to-day is another volume of
the franklin Square Library series New York:
Harper Brothers; Portland: Loring, Short s.
HARMONY 1t is written by the author of The
Member from Paris, and is vivid and minute
picture of the present social condition of Rus
ss. The first chapter is devoted to brief
and able recapitulation of Russian history
since the days of the Huns to the present date.
To this Introductory passage, succeeds a de-
scription of Russia in its many phases, told iu
way that Gradgrind would have despised, but
which to the general reader is full of the inter-
estthe reality and the charm that bare statistics
are powerless to convey.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

F0T Sale 2
The new and thoroughly built
house g Ellsworth st. Very pleas
antIy situated; i'm the healthiest
part of the city, The best bars aiu
i'm the mark ct this season.
Apply OH the premises.
j. ~. AWERHLL.
juy3l du
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
KirkwOOd House.
SEASIDE RESORT.
OCEAN HOUSE COACH,
SEASON OF 1878,

ON and after SUNDAY, June 9th, the Ocean
" House Coach will run as follows:
Leave Ocean House for Portland at 7.30 a.. m. and
3.20 p. m.
Leave Falmouth Hotel for Ocean House at 0 a. III.
and D. M, Preble House at 9O5 a. m. and 5O5 p. m.
Fare IS cents. Baggage extra. Je7d1m
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
New Modern Style House on Con-
preSs street for Sale or TO Let.

Two story house No. SIG Congress street, between
Vaughan and Ellsworth, 8 rooms, modern improve
ments, suit of parlors with marble mantels. open
CRATE, bath room finished in ash and black Walnut
wash bowls, hot and cold water in bath room, cham
bers and kitchen, cemented cellar, &c. Price only
$460O and liberal terms of payment. Rent $3.50 per
year including water. Apply to
f. G. PATTERSON, 3794 Congress Street:
jul diff
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
THE MAINE STATE PRESS

THE MAINE STATE PRESS
is published every THURSDAY MORNING at $3.50 a
year, If paid in advance at $500 year.
RATES OF ADVERTISING: One inch OF space, the
length of column, constitutes square"
81 so per square, daily first week: 70 cents per
week after; three insertions. less, S100; continu
ing every other day after first week, so cents.
Halt square, three insertions, less, rs cents; one
week, Sl.00; so cents per week after.
SP sCIAL NOTICES, one third additional.
Under head OF "AMUsEMENTs' and "AUCTIoN
SALES 50 90 per square per week; three insertions
Advertisements inserted in the "MAINE STATE
PRESS (Which has large circulation in every part
Of the Sta e for 81 90 per square for first insertion,
and so us per square for each subsequent insertion
Address all communications TO
POR LAND PUBLISHING co.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
ROuSe for Sale,

IN Western part of city, New House containing
office, auZdu
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

New House and stable for Sale i'm
DeerinE.
HOUSE contains Parlor and Sitting-room, with
III marble mantel each,l Dining room and Kitch-
en-. and five sleepng-rooms, all finished in good style;
Can look all over Portland from the first floor
l.. j. PERKINS,
my25dtf 4S9 Congress Street, Portland.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

Messrs. Harper also publish in their Half
Hour Series, Mr.. James Rowley's History of
the Settlement of the British Constitution; and
lively and characteristic tract by Charles
Reade entitled the Coming Man, and which is
an ingenious and querulous plea for the equal
rights of the left hand. 1t contains very much
good sense, and its extravagances of words are
rather agreeable at times and will serve to i'm
press the fact that he who is two.handed is
forehav ded,
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

The Annual Record of Science and Industry
for 1877 is the seventh of the excellent series
now familiar to students. began in 1871. Here
tofore the Record has for the most part been
composed first OF a summary of scientific pro-
gress during the year, and second of a series of
abstracts Of the more important articles con-
tained in the proceedings of learned societies
and in the scientific and industrial journals of
the day. The abstracts are now omitted, much
to the advantage of the book as a work of refer
ence, fol room is thereby given to an extension
OF the summary. A minute index is another
advantage which this volume has over the pre-
ceding ones.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
THE PORTLAND DAILY PRESS,
Published every day Sundays excepted) by the
PORTLAND PUBLISHING co.

AT l09 EXCHANGE ST., PORTLAND.
TERMS: Eight Dollars Year in advance. To
mail subscribers Seven Dollars Year if paid in ad-
vance.
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

Messrs. Harper Brothers of New York pub
lish another volume of Mr.. William j. Rolfe's
edition of Shakspere's plays-consaining the
comedy Gas You Like 1t, with full and inter-
esting notes. and a long selection of passages
from Lodges novel to which Shakspere owed
the plot of his play, and of which the preface
probably suggested the pleasant title 1t is i'm
possible to praise too highly Mr.. Rolfs's edition.
which presents the great dramas in convenient
form, in every way suited for the student or for
library purposes. cortland: Loring, Short &
Harmon
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15
For Sale in Deering.

For Sale i'm Deering.
NNE and a half miles from Portland, the resi-
" dence of Mr.. A. W. Lonefelow, consisting of
4-10 acres of land in grass. fruit and woods. Cot
tage house containing IA rooms, including bath room.
Also barn. caniage house and woodshed. Fine view
and the location unsurpassed either tor residence,
public institute or for house lots. Apply to
JOHN G. PROCTER, 93 Exchange street
ie6 d3w
The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-06-15

Messrs. Harper publish in their popular
Franklin Square Library series, in newspaper
form, the History of Crime, by Victor Hugo,
recital which begins with the events of the
coup d'stat of the first Napoleon and closes with
the victory of the Prussians at Sedan. The
picture of the valley of Sedan, peaceful scene
haunted by the horror of war is in Victor
Hugo's most magnificent manner. In view of
the communist theories, set forth by men who
have everything to gain and nothing to lose BY
the madness of revolution, this History of
Crime has terrible significance in its potent
warning. portland, Loring, Short s. Hsr.
Harmor)
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-30
Die Giel bon Gbatanooaa.

Das sef@i&tlide Ssitenfid BON ben
,@dnitn." pie bas Capitol In Rcm ret<
teten, bilpsn bic .Glsl = bon Gbataz
noosa." Gs ssI@ab I'm srossn ameri=
fanii&en 8riese i'm Sabre 1868, pae
fd Dor eem Eager bes unicnififten
@enerals 5oofsr Elm artiasrie yarf unp
nod Meter Dor efn umf1lcfener 8aum
nit 800 anssidirten Waulsieln tefanp.
Die @onfteerirteu u%nternabmen einen
Mnsrif auf pielss Eager ; i&on BET ben
erffen Sadfen iecc& purcen Die Ibiere
unrubis unp sntiestsn f6 /; elmer Der
Rauleiel iudte pur& bic paqiIaren su
enttpmmen uns pur&bra1 iis, rpprauf
ole uncersn foIstep. Der 3ufaa mari
ite In pirefter einie auf Den 6stno. Die
fer belt in Der Onntslbsit Der Na6t bic
Giel fir cine 9apalIsries Nbibeiluna uno
ersrif pie Gludt ntbt nur pas @spdf,
ionpsrn aud iebs;sbnbunpert neue Slim
ten suriflafenp, Die ben llnipnifen als
Scute Sufielsn. Die GIsI BON Gbaiaz
nccsa baben alip ni6t nur pie Die Ginle
res Gapitpls cine ueberrumpsluns pers
eitelt, lie baben iOsar ben Gstnr in Die
6lu&t oei&lasen
Luxemburger gazette. [volume] (Dubuque, Iowa) 1871-1918, 1878-04-30

entHofIen, luasiam auf reine unp 0tviae
Sttrne Telen. Nie bab' i'd cine 10 fiee
Grauiduns mad s:nsm beisen rnp firs
nti&en Gage sefiblt. Damn erleudtete
Elm reinss 9i&t i'm Yerslsi&e NIT pen
eas Iasesli&t nur S1attsn unb Gin>
fsrnis III, bas Sett unb eaS 3imrper,
unc i'd iab etne frau BON unpersleids
li6er Sd5nbett rpis fe auf Green nims
rnsr su ieben; fe mar peis ssfleipet,
ater bic @eiss ibrss Slsires bate rie
Weiee res S6nsee psrpunfeIt Den Der
S:aub Upsr Die 6i6e res Meni6en nod
ni&t beribrt BADEN. Muf iByem 6aupte
mar fat zines Diapems BON Grelfsinsn,
wte bic 6irfinsn es traseu, cine Srone
BON Sternen. bic itirfer funfelten ale
iene, rpsI6e an, armament unlsre faSns
fen Ndate ebeuen. @sI&e srbabene
Naieftdt lasin ibrer 5altuns! msI1s ribs
renps @nmubt In ibren 3dsen ! rpeIds
unausipre@lidsn Wtlce in ibrsm Bid
uno in ibrsm 9d&sln ! . 70 rperpsn
uns ris fali@en Gottbsitsn ni1t
BARTLETT. ipsl&e i'd In meiner 8liuebeit
angel etet babe. Dieit 6rau, RnRna. mar
pabrbaft s5ttlid Itbn, unp aIer SLAM
Der Spnne IN blei6 Dor ibr.
[5orttsuns fOlst.l