davidaulloa/AmericanStories huggingface dataset:
The times. (Owosso, Mich.) 1882-1897, 1882-06-02
The National Banking System.

The question, ofsthe extension OF
the National Bank charters, is now
fairly before Congress, and the dis
cussions in the House, disclose an
astonishing diversity of opinion upon
the currency question so far as it
relates to paper representatives Of
money. The Republicans, with rare
exceptions, have settled down on the
idea that the national banking system
has proved itself to be the best
devised by mar for the proper man
agement of what is known as paper
money. The system is a safe n for
the note holder leaves the issue of
such representatives of money to be
regulated by the business demands of
the country and it is open to any
half-dozen or more men who a
raise money sufficient to purchase
$50, 900 worth of United States
bonds. When, however, the opinions
Of the opponents of the banking
system are sought then at once arises
the confusion Of Babel. 1t is not
surprising, therefore, that when Mr..
Grape suggested that those who
desired might offer their substitutes
and amendments for or to the bill of
the committee, no less than fifteen,
chiefly substitutes, were offered; and
such a variety. The hopeless fiat
money dupe would substitute the
bank circulation with Treasury notes,
which shall be full legal Tenders,
and then require the banks to give
up their bonds for this fiat money.
The less hopeless G~reenbackers, who
constitute the mass of the Demo-
cratic members from the south and
southwest, and who are a majority of
the Democrats in the House, favor
the substitution of Treasury notes for
bank circulation but are SO ignorant
of the wants and interests of the
country, as to attempt to make them
a full legal tender. They would
have the Government assume the
responsibility of the issue of all rep.
resentatives of money and Mr.. Buck
ner, of Missouri, who is the most in.
telligent Of this class, would create
a coin redemption fund of IS per
cent. of the paper money outstanding
to float the $75o,ooo,ooo Of paper
now required by the business of the
country. The majority of the semi
fiat men, however, do not care tc
make any provision for the redemp'
ton of the Governments notes
There are, also, quite a number o.
Southern Democrats who desire the
restoration of the State banks in
order that they may have local money
There are, also, a few Democrats
representing business communities
who favor the Grape bill. They
admit that the national banking
system is the best ever devised, an6
no that other property of equal value,
pay so large a tax as does that in
vested in national banks and thai
they should stand until a better
system is devised. 1t is just, how
ever that we should add that If the
The times. (Owosso, Mich.) 1882-1897, 1882-06-02
The Results Of Necessity.

What the ancients suffered for the want
of knowledge in medical science can only
be appreciated by contrasting the vast
amount Of suffering cured and pain ale
waited in modern times, by the use Of
Swyne's Ointment Tor skin diseases. Its
introduction was characterized by the
necessary withdrawal Of a score or more
Of Elusive, quack nostrums, whose evil
effects have left living monuments to de-
nounce them. Thus is exempliicd the
proverb, Necessity is the mother of In
vention.
Statistics Of Lunatic Asylums show that
nine-tenths Of their patients are brought to
their condition by abuse Of the generative
organs. A great Brain and Nerve food,
known as Magnetic Medicine, is sold by
our druggists, and comes highly recon-
mended as an unfailing cure in all these
diseases. See the advertisement in another
column.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

. The conspiracy of the brewers and
leading saloon men in Cincinnati,
Ohio, to defy the Smith Sunday law
andlto tx Jurors has provoked the in
dignation of the friends of law and
order, and immense public meetings
are being held in all the leading
churches for the purpose of oncen-
trating public opinion in favor of the
law, and securing a united and vigor-
our effort for its enforcement.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The Boston Journal states that Ex-
Elder Henry Cummings for many
years a leading Shaker in the families
ofthe township of Enfield, New Hamp-
shire, but who left them year ago
and got married, left Enfield recently
for Grand Haven, Michigan, where
he proposes to 60 into fruit culture,
in connection with his brother who
lives there.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The New York Sun, claiming to be
independent in politics, lays down as
its invariable rule of action, "always
to act for the expulsion of the Re-
publican party from the National
Government" There is a good deal
of that kind of independent political
action, but such a frank avowal of it
is very rare.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02
TO OUR
FRIENDS d
CUSTOMERS
~Shiawassee County.

l wish to say that | have
this day changed the agency
of the cCormick Machines
from Williams 81 Hartshorn
to James A. Chaplin, of
Owosso, where you will al
ways find on hand a large
stock of Repairs and first.
class goods. The Mccormick
Machines have been in the
field for years in this vicinity
and to those acquainted with
their working and wearing
qualities | need make me- re.
marks, as you are well aware
they stand in the front rank.
in regard TO the Mccormick
Harvester and Binder | wish
to say we have had these
Machines in the field for she
past six years, and they hxve
given entire satisfaction TO
all customers. and when you
take into consideration that
the Mccormick Harvester
aud Binder has W0n the MureS,
in every field trial in my ter
ritory during that time-saiG
territory comprising the State
OF Michigan, except six south
west corner counties and
northern Ohio; it ought to
convince the most skeptical
OF the superiority of the Nc
Cormick Binder over any
and all competitors. The
McCormick Harvesting Ma
chine Co. have never had
any ambition to see how poor
a machine they could get up
for small amount of money,
but have endeayored to build
a first-class machine as low
as improved machinery, and
Il large experience could pro
duce; believing that the best
machinery that could bemade
was none to good for their
thousands of customers. L
I'M well aware that there is
! to-day as there has been for
several years many Com
| pany's that have great am
bition to build q Self Binder
knowing full well that it is
one of the greatest labor saw
ing machines Of the age, and
in their egotism without any
experience they have put
untried machines on the
market somewhat resembling
in appearance Self. Binders,
with long guarantees and
loud talk only TO back them
up; they ask innocent pur-
chasers to buy them at some
price. Now, l ask any fair
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The old State supremacy heresey
reappears in an amendment offered to
the New Supreme Court bill now
pending in the Senate, by a Southern
Bourbon, which forbids suits against
municipalities and corporations being
prosecuted in the United States
Courts. OF course the amendment
will be lost, but the spirit which
prompted it, may lead to trouble in
the future, if not thoroughly eradi-
Gated, by the adoption of a policy
that plainly places the State govern
ments subordinate to the National
government. This it was supposed
had been done by the crushing out of
the Rebellion, but it seems the snake
was only scotched, not killed.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The independent movement in
Texas has broken out afresh since the
adjournment of the Legislature, the
outrageous character of the Appor-
tionment bill and the refusal of the
Legislature to regulate freight and
passenger rates on the railroads are
the fresh causes of dissatisfaction.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The Charlestown, South Carolina
News says that "Hon. Alexander H.
Stephens has been a disturbing ele-
ment in Georgia politics." 1t would
be much better for the South if there
were more of the Stephens stripe,
and less confined Bourbonism among
her leading men.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The people of Iowa will vote on
the proposed amendment to the Con-
stitution, forever prohibiting the
manufacture and sale Of all intoxi-
cants, wine, beer and cider on the
27th of June. The prospect is the
amendment will be adopted by a
large majority.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The House has passed the bill ex-
tending the charters of the National
banks for twenty years by a decided
majority. There has never been any
doubt of the passage of the bill by the
Senate.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

Strong efforts are being made to
induce Ex-Secretary Blaine to run for
Congress at the approaching election
in Maine. We hope he will consent
to be elected, and if he should the
Kieffers and Robesons would no
longer assume to lead a majority
which they can only confuse.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

1t is said that the re-chartered
national banks will soon be furnished
with new notes, engraved from partly
new designs, and differing in appear
ance from the notes now in ~circula-
ton.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02
THE MCCORMICK IRON MOWER

Is a four feet, front-c,it, jointed bar machine
and weighs complete, ready for the felp. ESQ
pounds. We make two sizes, viz: four and
four and a quarter feet cut.
Its gearing is simple in construction. and
at the same time powerful and very durable;
1t is encased in a cast-iron box, and is thus
kept clean, and free from all dust.
Its frame, being entirely of cast and
wrought iron, is very durable, and is not at.
iected by changes of the weather.
Its hnger-bar is made Of the best cold mll.
ed iron, and the malleable guards, which are
steel lined, are bolted to the bar.
Its bar has a rolling motion. enabling IL 10
conform to the u%nevenness of ground This
is a new and most admirable feature.
1t has malleable shoes, both in and outside.
which are much lighter and better than the
ones commonly used.
Its fitting and lifting levers put the bar the
complete management of the driver.
The doubletree is coupled by rods direct 10
the cutter-bar, thus bringing the team close to
the draft, and obviating all side draft-..thus
,een put iuto a field Of grass; and while il has
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

That able and fearless Democratic
organ, the Atlanta, Georgia Constitu-
ton says: Gone small Democratic
leader in Congress with two points of
backbone would give the party a
boom for 1884. A genuine boom is
generally OF home manufacture, like
everything else that is genuine"
The times. (Owosso, Mich.) 1882-1897, 1882-06-02
TIE Times.
OWOSSO, MICHIGAN.
GEO. M. DEWEY, EDITOR.

Ex-Postmaster General James re-
fuses to be considered a candidate
for the Republican nomination for
Governor of New York.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The Chicago Tribune pronounces
Mr.. Reed of Maine, ''the ablest man
in the House, and the only Republi-
can who has exhibited the first quail
ties of leadership"
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The MChkH Harvester and Irvine Bmdrh the @tO complete thorough d@ rnMg grain and Labor saving machine ever offer
the public Most uMGep dh emhd this NmnnB Gdn He fact that the Mccormack aefrMd iw@i mg@
rmof Heheeah ms mMhn and exhibitions eewh emmlo completely d@nMmTM rivals and T%m up the GG@o
record gifts years victory by being wmIdtG gmMG MM Mdh the Royal gmhuAS@y % Mg%d Ym W M
all ppmmtsnk learnt the mmnMwm of he Gf@t machines nt emakaG eng studying very detail d@pmhngh
points g@ against @h Machine that comes r%ghs" notice thus hitting n@% W @o wW m @@
briefly few the mn mamSp point embraced mheM ComkH Harvester and Irvine BmT. fl
We have two sizes of heema 5md half md6a UehM eao md@"g p"@w wilma W"
wo three horses can md as desirable .44 .t. ..4 .Aa
The lain wheel mhd wood with mMm@S tits 9mhShEh inches wew which mSh THE strongest nam vince used
any Harvester The sickle bdmm from the CENTRE having longs stroke and saves power and wear Ie|nw% am DO not cog
heavy or damp grain The adjustable mbahMdM saving all conditions grain rdmgp m hepmmhe Re shortest clover to
hm@ap hbhuMdb UG am cnM ugaedW the driver ho one handy with Gete thSHeb@ ng%e
use amB so @Myw okGhh Wh dG nuGh
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The new short line of the Chicago,
Burlington and Quincy Railroad,
from Chicago, Peoria and ST. Louis
to Denver, will be opened about June
Ist.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

"Goth," a we'll known Washington
correspondent, reports that Ex-Sena-
tor Conkling is going to run for Rep
resentative in Congress in the Utica,
New York district. We hope not.
That is a Republican district, and the
Republicans cannot afford to loose it
by nominating one sure to be de-
fcated.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The people of Illinois elect this
year a State Treasurer, a Superinten-
dent Of Public Instruction, and a Leg
islature, to choose a successor to
Hon. David Davis in the United
States Senate. The Republican State
Convention will be held at Spring
field June 18th. f9l
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

1t is asserted that Commissioner
Davenport, who is looking up the
Morey letter culprits, has secured
evidence Of such a nature that Mr..
Price Of Cumberland, Maryland, a
Hancock elector, will ultimately re-
veal the names of the perpetrators of
the crime and those who melted it.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

wheat cps beny fmam Mhguy Knowing M wnmM these same parties va &dy you "do he% sans Thing fer
save % RON S~ or m wJMmw vMhM u nunMuHu and Snsf %HmdH have n@ got aDadM their own
time %um ARE W %m mH % %@s p%nm%Gf still nMhm und sWhr nMumy hddmp put on mar
@ w%r~n@Ws%G a@w%S e mmw s @ bMn MG@@I HM@n md BnSrmm i emr last season and it does
@mU me nMM he Mccormick Harvester Binder not s superior oy Ndan others hnd uhgue past Xy@w'
on men s hm mmem sM d ur some condition of gmN solo sTrmnhngm influence hwgMnn hT IN ter
ny running from Lake Mhmnm the Detroit wNh" our npMmwN would nh@ah haven on one adu@ with their "
vH mdS1Mdb mdn ,,munrc oun.Nv
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

Democratic policy related to this
matter, was to be fixed by caucus
action, Mr.. Buckner's substitution of
Treasury notes with an inadequate
coin redemption fund would most
likely be adopted.
The facts in the case, as stated by
Mr.. Grape who opened the debate
with an elaborate historical speech,
are that on or before February 25th,
1883, the charters of 393 national
banks will expire. The closing of
these banks will compel the with
drawing of $6s,o7o,9So of lawful
money in order to procure the
$75,768, 100 of bonds which the
United States Treasurer holds for
the security of their circulating notes.
These bonds, under the provisions
of existing statutes, must be redeemed
before they can be used for the
organization of lev banks, a pro-
ceedure which will inevitably produce
a financial panic. In the purse of
his speech Mr.. Grape took occasion
to show the falsity of the reckless
assertions so often made, and which
Mr.. Warren, of Ohio, repeated on
the floor of the House during the
discussion Of the free silver coinage
act devised by him, which after being
passed in the House, Mr.. Bayard
refused to report back to the Senate,
to the affect that the banks are
getting 6 per cent. on their bonds
and from 10 to IL per cent. interest
IN their issues, by quoting the report
of the Comptroller of the currency
to the effect that the dividends of
the banks on capital and surplus was
only 1871 per cent. Among the
striking figures showing the profits
of National banking which Mr.. Grape
presented were those of the First
National Bank of Troy, New York, a
bank with 100000 capital. and that
amount of bonds deposited to secure
circulation, drawing 81 per cent
interest which cost at the market rate
100000, upon which the bank re-
ceived $4,000 circulation. The
statement which is from the official
report is a follows:
Debt.
One years interest on cost of $500, 900, at
102-S306, 000-6 per CENT. .$1S,B0 "
United States tax on 1852, 626, notes in cir
%culation, for one year, l per cent?. s,626 ~
One years interest at 8 per %cent,on fl3,500
deposited with Treas. United States
for 5 per cent, reserve. .............. SD W
Treas. United states charges for redeeming 1853 81
Agent at Washington for witnessing de-
%struction mutilated currency. -. % W
transportation on currency from wash
Sinking fund for premiums on 8X per cent
bonds If not redeemed in two years. 5000 "
Total. .s25, O69 s.
Credit.
Received for one years interest on $262,626,
notes in circulation, at 6 per cent: ....si5,757 5
Received for one years interest at 81 on
$780, 900, United States bonds deposited
with Treas. United States to secure
circulation. ............... -. 10000 o
Total income sec, 257 8
Deduct debit account. .................. %, 069 81
Net annual income from circulation and
capital. Sl,lSO o
From the above it will be seer
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

Edgerton, o., July.4, ISSI.-McCo rmick
purchased; Deering failed to come in.--.D.
w. Weitz.
Fayette, o., July s, ISSI.-Scooped the
Deering; Osborn ON the ground, but would
not compete. Walter A. Wood done con-
siderable blowing, but would not compete
A. f. Stoner.
Dundee, Mich, July 7 1884, Scooped the
Champion, Osborn and Deering, all in the
field. Mccormick settled for. ,
Charlotte, July s, ISSI.-Trial with the
Champion to-day. Their binder mired so
three horses could not draw it. Too much
gear for the practical farmer, and too much
weight for our soil. Trial with Deering to-
morrow.-L. l.. Zines.
Charlotte, July 9, 1SS1.-Beat the Deer
ing in field trial to-day. Sold the McCor-
mick.-F. l.. Elines.
Owosso, July 16,1SS1.-Big trial on the
Eaton farm, near Ovid, to-day. Over 500
people on the ground. Solid victory for
the Mccormick, as usual, over the Wood,
| Champion, Osborn and Deering binders
Wilson e Taylor.
Blissfeld, July 10, 1SS1.-Clcaned out the
Grand Bapids, July 10, 1SS1.--Went to II
run. They wilted and would not hitch to the
for the McCormick.-W. G. Denison.
St. Johns, July 20, 1SS1,-Beat the Chaml
Its a rear-cut, iron frame, combined self.ral
The gearing is simDle and very dura
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

Another of the ballot-box suffers
who took a part in the recent election
in Albany, New York, has been sent
to the penitentiary, and there are yet
several more to be tried, but in all
the list there is not the name of a
single Republican.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

The Philadelphia Press, which is
classed with the independent papers,
is highly pleased with the result of
the Pennsylvania Republican State
Convention. 1t regards the result as
humiliating to the Cameron machine
and a victory for progressive Repub-
licanism.i PIT.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

From the above it will be see
that the actual profits from c%ircula-
ton and capital will not pay the
running expenses of such a bank as
that which furnished the above
figures. The principal profits Of all
banking, as is we'll known, derived
from the loaning Of deposits, and
were it not for this source of revenue
the National banks could not exist.
In this connection it is proper that
we should add that the bank making
this report in the past eighteen
years has paid SISI,I57.4o state and
local taxes S9o,3oo.75 United State
Taxes.
The special objections Mr.. Grape
makes to the issue of Treasury notes,
and they appear to be very sound
objections, and that they will be
a constant temptation for Congress
to issue Treasury notes indefinitely
without adequate means for their
redemption when it can be done at
the cost of printing; that quantity
required by the business of the coun-
try cannot be easily determined,
and that in times of depression when
decisions overcome the integrity and
good sense of the people, specie pay
ments will soon be suspended and
ruinous schemes resorted to. These
considerations we earnestly COM
mend to the careful consideration
of any of our readers who do not
favsr the National bank policy.
The times. (Owosso, Mich.) 1882-1897, 1882-06-02
lpion Yesterday and sold the Mccormick. &c. WaIIa(
THE MCCORMICK IMPERIAL

Its rarcut iron ae combined sefTk, RGrg ndNowngM Machine
The earring is simple and very duab6 It's entirely secure from TIL ehetso OF Tn, mud or dust
onk Nsk mT hans any wood frame machine
BY means of the lifting ever both ends of the drag bar er acd or lowered at the same instant, to
or ground The crank shaft has abbtm metal buhmngs which when worm can be readily replaced ATTY
The times. (Owosso, Mich.) 1882-1897, 1882-06-02

quantity Grand NMs July TO- E@1-Mm~ HpNm9dW Found BUCKEYE binder mhe field a1m@h Mccormick but
WfI forth MCik- w c. Dn@. A
Daily globe., 1882-05-14
A MaSher Mashed.

One of the many handsome young la
dies residing in the aristocratic porton
of the ancient suburb of Bellville packed
up small "grip-sack" one morning re-
Gently, and departed for visit with o
friend at one of the many picturesque
stations that abound on the Cincinnati,
Hamilton and Dayton railroad. Finding,
upon her arrival at Cincinnati, that she
had several hours in which to make the
train, and as she also wished to purchase
several of "those things" SO essential to
the completion of young lady's ward
robe, she concluded to make her pur-
chases and pass portion of her surplus
time in walking to the depot. She made
her purchases and was leisurely strolling
along Fifth street, admiring the latest
summer styles, when her meditations
were brought to an abrupt termination
by dapper, dandifed little fellow, who
was rugged up IN one of the very latest
style summer suits. His Uranium was
covered with hat constructed upon the
second-story plan, q pair of eyeglasses
straddled the bridge of his Roman nose,
and sweet, killing smile appropriately
adorned his countenance. Stepping up,
he politely lifted his hat and accosted
her thus: Excuse-ah'-me, Miss, may
I-ah'm-haye the ah'-m-pleasure Of carry
ing your portmanteau The young lady
looked at him, hesitated a moment as If
meditating whether it would be safe to
trust him, and with a certainly, sir,
certainly" handed him the "grip-sack, %
which the handsome Lothario took, at
the same time tipping o wink to couple
of friends who were loafing on the corner.
The couple started toward the depot,
and as they meandered along the young
man tried to strike up conversation with
the young lady; but she evidently wasn't
in very talkative mood, as she could not
be induced to speak only in answer to
direct questions, and those she answered
in monosyllables. Arriving at the depot,
the young Lady, to the CONSERVATION OF
the young masher and the amusement Of
his friends, who had followed them just
to watch developments, pulled out her
pocket-book, and handing him dime,
said, in voice loud enough for the by
standers to hear: "Pm really sorry, but
it's all the change I have; I'm very much
obliged to you for your kindness. | as
sure you it is appreciated, and should 7
ever meet you again I will give you fifteen
cents as it is certainly worth quarter. "
Cincinnati Paper.
Daily globe., 1882-05-14
feet of lot 10, block 81, Lyman Dayton's ad-

feet of lot 12, block 81, Lyman Dayton's ad-
dition, 5000.
Thomas B Campbell to James FL Davidson,
lot 5, block IS, Whitney & Smiths addition,
$10,0 900.
Mary M Sheber to Ids G Pieper, lot 18, block
2, Nininger & Donnelly's addition, $482.
Ellen M Mackubin to Christian G Albrecht,
lot 4, block s. E M Mackubin's addition $500.
Anton Roehl to Fanny Goodman, lot 4,
block 4, Markley & Walkers addition, 81, 600
James w Doran to August Schuler, south
west half of lot IL, block IS, Dayton & Irvine's
addition, 1884.
Charles A Moore to same, lots 8, 10 and IL,
block Z, Woodland Park addition, 50, 800.
James Waters to Emily Parker, lots and 3,
block Z, MuIray's addition 10 White Bear,
$500.
JW Smonton to Arnold Kalman, lots Is
and ID, block 8, Mackubin & Marshall's ad-
dition, 81 600.
Robert Lufsky to Charles Feichtengu, east
half of lot "a, block 2, Michal's subdivision,
SITS.
I.P Wright to II G Ives, lot 9, block 8,
Terrace Park addition, 81, 800.