davidaulloa/AmericanStories huggingface dataset:
The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1886-02-08
KNOWLEDGE THAT IS PAID FOR.

EDITOR BULLETIN You are, no
doubt, the best exponent Of what
you mean by "a currency that will
not pay our debts abroad" but
there are many others in this COM
munity who have full experimental
realization of the expression in the
sense that any ordinary reader would
take it. |, for one, have paid for
the knowledge that we have not a
currency that will pay my debts
abroad, and that if we had had a
currency that would have paid my
debts abroad | should have been in
q less impecunious condition to-day
than | now am. Probably many
others possess the same knowledge,
and have purchased it at the same
price and in the same way. Con-
corning the theories of finance and
financiers | know but little and care
still less; but of the actual opera
ton of giving coin in exchange for
other commodities, including the
necessaries of life, | have been
compelled to learn something, and
this small something embraces the
fact that my purchases abroad can
not be paid for in the currency of
this realm. The 1dCertiser's ideas
may look pretty; learned political
economists may pronounce them
sound; the editor may be earnest
and conscientious in advocating
them; but all this does not alter the
fact just now stated. A man may
argue most theoretically and con-
clusively that black is white, but
unless he can produce Il transforma-
ton in my eye, to me black is still
black. 70 say that our exports
exceed our imports, and therefore
the cost of exchange for abroad
must be triiling, does not lessen its
cost to me. | wish it did. Perhaps
it is reasonable to suppose that it
should be so; it looks as if it ought
to be so; but as a matter of fact il
is not 50. l have nothing to do with
what Should be, or what Ought to be,
but what is. When the incarcerated
sailor was assured that he could no
be locked up, Jack said, ~ an
locked up" He was conscious Of
the fact, and no amount OF tall
could convert it into Il falsehood
SO | am conscious of the fact tina
| have had and have to pay my
liabilities abroad in other than thu
currency of this kingdom, and, as
receive nothing in my business bu
Hawaiian currency, the cost of con
version is u serious diminution Of
my small profits. l also know that
if my creditors abroad would receive
payment in Hawaiian currency,
could send forward the coin for very
much less than l am now compelled
to pay for exchange. TO tell me
that l can obtain exchange for my
silver at a low rate, by applying to
the proper source, affords me nc
consolation; because have applied
The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1886-02-08
STATEMENT.

INHE undersigned, a Committee of Di-
Il rectors of the Equitable Life As.
surance Society of the United States
appointed to formulate the views of the
Board on the advantages offered by The
Society to the public, report
1st-The Society issues all the approx.
ed forms of assurance, including Ordf
nary Life, Eli dowment and Tontine no.
licies. 1t is immaterial to the Directors
which form of policy is taken by IN.
tending assurcrS.
2d-The Life and Endowment forms
of policy provide for annual cash divi.
dends and surrender value; are indis.
putable after three years and payable
Immediately after proof of death.
3d-Thc premiums on 1ontine po-
icy are the same as on the Ordinary
Life, but, while the latter is only nav.
able in the event of death, the holder of
the Tontine policy has the right to draw
the whole of the reserve and the accu-
INFLATED profits III cash at the end of a
stated period; thus, during his own life
time, after his producing years are past,
he can, without any larger premium
than on an ordinary policy, secure these
greater advantages.
4th-Experience shows that the return
paid in cash on maturing Tontine pc.
licies approximates to or exceeds the
amount Of premiums paid by policy
holders, so that the average cost of the
assurance will be only about the interest
on the premiums.
5th-Tontine policies, like others, are
paid in full in the event of death at any
time during the term of the policy, and
are incontestable after three years, and
IA In ia, al, Sc 4 q
death.
6th-Experence shows that the NOR.
tality is lower among Tontlne policy
holders, as the better lives seek this
kind of assurances, which is consider
able source of profit.
7th-Tontine policies will be made
non-forfeitable under the laws of the
State, if so desired at the time the as.
surance is effected.
Sth-The Tontine system is fair and
just; its accounts are accurately kept.
separate from all other business; the
funds judiciously invested and improv-
ed, and the accumulated profits faith.
fully guarded and properly appoltioned.
9th-lhe Society has since its organi.
cation transacted a larger amount of
new business than any other company,
| while its new business for the first half
of the present year is $1,75OO0O larger
than that of the first half of 1884. 1t
has Assets of $6O,OOO,O00; over $l4 OOO,-
900 of Surplus, and its ratio of Surplus
to Liability is greater than that of any
other company.
CHAUNCEY M. DEPEw,
JOHN A. STEWART,
EUGENE KELLY,
! WILLIAM A. WHEELot Z
CHARLES &. LANDON,
| JOHN SLOANE,
| HENRY B. HYDE,
Committee of the Board of Directors l.
the Equitable Life Assurance Society
of the United States.
ALEX. j. CARTWRIGHT,
General Agent for Hawaiian Islands
Equitable Life Assurance Society.
| 1877 "
The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1886-02-08

A missionary in Western India,
aided by the American Tract Society,
has prepared and published beauti-
fully illustrated Bible Dictionary in
the native language.
The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1886-02-08
REAL ESTATE FOR SALE

A RARE chance for securing a desir-
n able homestead. Three Lots only,
on the eastcrly side of Makiki Street,
adjoining the mauka side of Mr., Walter
Seals place. A very pleasant neigh.
bOrhood never failing supply of pure
water in the street from the Makiki
Reservoir. Terms, one third cash, the
remainder in ! and years with interest
at per cent. net. Maps and plans can
be seen at the Office of
40 w. r. CASTLE.
The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1886-02-08
The Equitable Life Assuranc,
Society Of the United
States.
ESTABLlSHED IN ISHA


ISSUES Policies on the most approved
Il plans, viz :-Ordinary Life, Life, Limit.
ed Payments, Endowments; Tontine
Savings Fund, Tontines, Semi. Tontincs;
A. b. c. Tontines; Life and Survivor.
ship Annuities; Children's Endowments,
Joint Life Risks, Partnership Insurance,
ETC., etc., etc.
Policies both Incontestablc and Non
forfeitable.
Contested claims, none.
Before insuring elsewhere, call and
get an estimate.
1t is calculated that every reasonable
wish of the insured is embodied in one
or more of the plans.
For full particulars and pamphlets, ,
apply to
ALEX. j. CARTWRIGHT,
General Agent for Hawaiian Islands.
ff 1yR
Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1886-12-10
Raphael Scnmes.

Colonel Capers tells the following graphic
story of the makeshifts and expedients re-
sorted to by the Confederate effort at
government to get llace among
tho nations of the earth, in a recent issue OF
tie New York World:
The first to report for duty was
Rapaael Semmes, afterward commander
of the Alabama. He was on hand before
they had deck for him to stand on,
and worked for short time in the Treas
ury Department at Montgomery: A mer-
chant vessel was soon bought and Semmes,
after inspecting her. returned to Mont
pomery and announced to his fellow-clerk,
Colonel Capers: E.
she is a good craft, sir, good craft;
When 7 have strengthened her tlmbers ana
emit her down to fighting trim, my word Tor
& she will do brave work, Sir.
SIZE was accordingly altered and armed
and, with Semmes on her quarter Deck !:
made good his prediction to thu dire cost OF
such "a went down to the sea III sh'pS
nnder the stars and str pes IN those days.
The vessel was the Sumter.
Rnt when she was ready 10 sail. and her
webster made out, it wis liscov rcd " the
iost moment that tbs Treasury Delntn ment
of the Confederate States b d no seal
Thare WASH an engraver to be fonnd IN
MONTGOMERY, and Semmcs wa liil.' i. a.,
to get his papers and be OIL. 30 lie anu
Colonel Capers, nj cd by Il hanay youns
army surgeon, and ut the expense OF e"o
~ three penkniveS. carve q rude seal upon
niece Of lockwood, VIII CHI met Il 9 lmme
date need. Semu>s 20. lbs register "no
Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1886-12-10

the Sumter set sail under the Stars and
Bars. There was quite time over the
adoption OF that flag. A considerable num-
Der were in favor of sticking to the old
flag, with slight notifications, but Mr..
Miles, OF South Carolina, Chairman of the
Congressional Flag Committee, argued at
length III his report against this sentimental
IDEA, and added, by way of clincher. that
Liberia and the Sandwich Islands had flags
very similar to ours, and the committee was
not disposed, therefore, if for no other rea-
son, TO Keep, copy, or initiate it, They
nave no inclination to borrow second
handed what has already been pilfered or
appropriated by free negro community
and race of savages."
The very first Confederate flag that the
sun ever saw, Colonel Capers testifies, was
hoisted by Judge Clitheral ut Montgomery.
dc was in the confidence of the flag COM
mlttee, and Us soon Us they told him the
design selected he got his lady friends to-
gether and had one made. On the dav the
committee was to report to Congress- he
mounted the roof of the Capitol, fixed his
flag to the halyards of the staff and waited.
The recommendation of the committee
was approved. He got his signal from
below, and in the twinkling of an eve the
new ensign of the South was floating
proudly in tho caresses of the gentle March
| wind. The news spread quickly through
the city, and when Judge Clitheral shouted
down from his lofty perch, "Three cheers
for the Confederate fag!" the crowd
answered with mighty greeting that il
was thought at the time, must have given
an earache to the bronze statue on the
dome OF the far Northern Capitol.
Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1886-12-10
THE CURRENCY.
Report Of Comptroller Trenholm-Impor.
tant Changes suggested-Inter--
esting Statistics

Tho annual report of the Hon. William
L.. Trenholm, Comptrolle, of the Currency,
contains suggestions for TIE amendment of
the Eational-bank laws in about dozen
instances, including the contingent liability
OF shareholders, requirements as to re.
serve, the limit of lenns to individuals,
more thorough examination of banks, aud
their protection against unequal State taxa
ton. The specific character of these sue-
gestions is withheld for the present. Three
thousand five hundred and eighty national
banks have been organized in all, of which
1888 are now IN operation. Of these
ia have been organized during the
last year, with capital of $2l,-
600, 600; circulation, $2,9OO,0 900. Twenty
four banks went into voluntary liquidation
during the year, one ceased to exist by ex-
piration Of charter, and eight failed. Since
the beginning of the system in 1863, only
~ national banks have failed. OF these,
slxty-three have paid their creditors in full,
and twenty have paid interest besides-tif-
teen in full and five in part. Over 80 per
cent. of all national hank stocks is held
by the residents Of the State in which the
bank Is located, more than 81 per cent. is
he by natural persons, and IS per cent, of
the number of shareholders are natural
persons. The total number of shareholders
is 223,000; the total number of shares
over 100000. The effect of the
reduction of the public debt and the
high premium on bonds upon the volume
OF national bank circulation is very fully
illustrated in the report. The contraction
in national bank circulation during the wear
exceeds $56, 100000.
Besides the usual tables showing the con-
dition of national banks ct various dates,
the report this year contains an abstract
which specifies each item of their resources
and liabilities. The banks in the several
States. reserve cities, and Territories, have
their condition stated separately. A large
dlngram exhibiting the many features Of
the national banking system and its varia-
tons during the last twenty lone years ac-
companies the report. From this it appears
that the aggregate deposits in the banks has
increased from 52200O,00O in January,
1856, to l73,000,O0O in October, 1856,
while loans and discounts have risen from
$500, COO, 900 to 81, 443, 900, 600.
The specie held by the national banks in
1886 was $4,000, GOO; in October, 1875, it
1. was only $8,O00,000; while in July, 1885, it
was 177,O00,00O, and is now $156, OO0,-
900.
MIR. Trenholm declines to say whether
his report contains any specific recon-
mendations in regard to modification of
the law making United States bonds the
basis of the national bank currency, but it
is understood ut the department. that he
has presented a strong array of facts and
figures to show how valuable the system
has become to the entire country, and how
important it is that it should be made
adaptable to the needs of communities in
the West and South, where vast natural re-
sources await development by the aid of
outside capital.
Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1886-12-10
CHAS, FRANCIS ADAMS.
tie Passes Peacefully Away,
After Suffering for Years
from Brain Trouble.
Iis Public Services in Politics, Dinlo.
macy and Litcrnture--A Use.
full Life.

line Hon. Charles Francis Adams, Sr..
died ut his residence in Boston on Sunday.
NOV. II. Mr. Adams mental and physical
powers had becn declining for nearly a
decade. Until the very last, however, he
vas quiet, dignaied gentleman, who sim
ply took no interest in what was going on
about him. His intellectual collapse was
SO complete thatifor fully two years he had
been unable to identify any of his family,
except, perhaps his wife. Nothing reused
him except an occasional outburst of mer.
riment in his presence, when he would ioin
sympathetically in the general laughter.
There were no offensive features Of his in.
trinity whatey fr, the outward effect being
simply compl fe reticence.
No apprehension of his Immediate death
was felt until the day preceding his de-
mise, wheI Mr.. Adams showed slight
symptoms IL fever. Aphysician. who Was
called at fnce, said his wasted strength
would NOTICE able to resist the attack. mid
90 1T WASH Mr.. Adams fingered some six
teen hours, when his life left him as
quietly as u breath of air extinguishes a
candle flame. The end, when It came.
WAS simply the Pickering out OF the last
spark of vital fire, which had been fading
away SO gradually that the change from
day to- day was not perceplible.
Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1886-12-10
NAVAL AFFAIRS.
Cow to Promote the Efficiency Of the
Navy-Admiral Porters sug-
gestions.

Admiral Porter has submitted to the Sec
rotary of the Navy report embodying sug-
gestions for promoting the efficiency of the
navy. He says that in, rehabilitating the
navy there is no subject worthy of more
consideration than that of home defense,
and regrets that the ironclads now laid up
ut City Point, which are SO, we'll adapted
for this purpose, should be left in the con-
dition they are to-day. He says the new
cruisers have given no evidence of great
speed, and it is feared by those most inter-
estsd that they never will, which will render
them useless Us commerce destroyers. The
Admiral says We require for the navy the
following classes of vessels:
The first class should be represented by
vessels of not less than 5000 nor more
than 5000 tons, and able to make for few
hours speed of nineteen and one half
knots. Tue second-class, to serve as flag
shi.;s on foreign stations, should be vessels
tons, able to make for few hours speed
of nineteen knots. The third-class should
be vessels of 5000, tons, able to make for
few hours a speed OF eighteen knots.
Ire Admiral remarks that the proposed
thirteen knot gunboatwith four guns could
not overtake anything, and powerful Chi
nese gunboat would be more than match
for her.
The United States is making the same
mistakes Us European powers have made in
building so many different classes OF YES
sells at the outset, without knowing whether
any of them will meet the requirements of
q cruiser OF the present day. No nation,
he says, can dispense with forts, but it is
better to depend upon Il Rayy to protect
our coasts. Instead of maintaining 80
small u force Of ironclads as We have al
present, every year we should construct
three or four double turreted monitors, nc
mailer if We do not build any cruisers in
the meantime.
Admiral Porter says that he has seen
enough of torpedoes to know that two OF
three hundred pounds Of gun-coton ex-
ploded under ship-no matter what hel
size-is bound to sink her or place he1
stimulated by the prospect of D sufficient
-upelior torpedo. He commends the
E:iccson torpedo, and says what We re-
au re 10 fire such torpedo is tho fastest
vessel in the world-something that tor
pedo destroyers can not overtake.
The report treats of the reorganization
of the different branches of the navy, and
especially of the Navy Department. The
Admiral takes strong ground IN favor OF
the Government encouraging the private
shipyards Of the country by giving then
all the work possible to enable them to i'm.
prove the plants so that in time OF war they
can aid the Government In building nnd
repairing vessels. He also advocates 9
Government iron shipbuilding yard.
Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1886-12-10
A Close Reconnoiter.

was member of M Alabama regiment,
belonging to Lindell's Battery, under Lieu
tenant General Polk, and, as the joke is on
myself, your readers will pardon me if
hide my identity by simply saying was an
officer.
It was at the battle of Perryville, and
toward evening of our hardest days fight
ing.
A detachment of new men had just come
up, and were preparing for action. 1 sud
denly observed u body Of men, ebnfed-
crates, I thought, who were firing desultory
shots ut our new friends.
| put spurs to my horse and dashed up
to the colonel Of the regiment firing, and in
loud tones asked:
What do you mean, firing at your own
friends?"
He answered with surprise, Friends! 1
am sure they are the enemy"
Enemy! I have only just left them my
self. l am your superior, and [ command
you to cease firing, or I'll report you.
II am Colonel Grover, of the II think
Seventh Indiana. Who are you?"
Imagine my establishment to find was
hope only to brazen it out. The shadows
of approaching night assisted the decep-
ton. I assumed u bold demeanor, and
said:
I'LL show you who am. Stop firing,
sir, at once"
Then, in even greater haste than had
approached, l cantered off, and in round
about way reached my men. I went to the
Colonel of the new men and said:
l have reconnoitered those fellows pretty
closely, and you can get up and go at
them"
The slaughter of that Indiana regiment
was one Of the most complete of the war.
CONFEDERATE.
Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1886-12-10
Alabama.
A Joke on General Hurlbut.

In the summer of 1852 was stationed
Mt Memphis, Tenn. General Stephen A.
Hu,lbut, who was in command, issued very
strict orders against foraging.
was on guard at his headquarters enc
dry, when two of the Eighth Missouri
came by carrying an old spinning wheel
and II clock. The General called q SER
geant of the guard to arrest them, which
was done.
The General, in pass onate tones. asked
the man with the wheel what he was going
to do with such thing?
Il am going to wind up this rebellion, I"
was the reply.
The General, with broad grin row on
his face. said to the other: What are you
going to do with that old clock? ;"
81 am going to see Low long it takes that
fellow to wind up the rebellion"
go 10 your quart rs, you rascals!" said
the General, choking with laughter, as he
rushed INTO his tent.
THOMAS SANDERS.
Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1886-12-10
UNCLE SAM'S NAVY.

What the Chief Of the Bureau of Con-
struction and Repair Says of 1t.
The Chief of the Naval Bureau Of Con-
struction and Repair, in his annual report,
to the Secretary of the Navy, says that the
Lackawanna, Tennessee, and Shenandoah
are beyond repair, thus reducing the num-
Der Of serv;ceabe vessels in the navy to
two frst-rate, ten second-rate, twenty
third-rate, and seven fourth-rate vessels,
the latter class including two torpedo rams
The Franklin, Wabash, Mianesota, and
New York, all tirst-rate vessels, are set
down US requiring extensive repairs, and
thirteen ironclads require more or less re-
pains. In addition the naval list comprises
thirteen iron and twelve wooden sailing
vessels used for receiving and transport
ships.
The new vessels completed, building, or
authorized to be built are summed up as
follows: One (the Dolphin, complete;
two tthe Boston and Atlanta), armament
incomplete; five (the Chicago and the
n,onitors}, incomplete: five (the Baltimore,
Charleston, and Newark. and two gum
boats, under Amusement; and four ian
armored cruiser, battle ship. pneumatic
uyulu1lte UOat, luu d toApc&Ao Ho1s's AOl
yet designed. 70 this list can be added
the Alert and the Ranger. four guns each;
the hLonocasy. paddle wheel gunboat, six
guns; Michigan, paddle wheel gunboat,
four guns; \ arm, one sun; Intrepid yet
to be lS,lnrle,ed', gunhoat, two thirteen
inch guns. The remainder OF the IRON
built vessels now in the service consist of
thirteen river and barber monitors with
single screws rated rs fourth rates, which
could not be- got ready Tor service withou.
m expenditure Of S20H, eco under this bu-
reau alone.
OF the second rates the Trenton. Omaha,
and Nanlalia "a probably De continued in
service ten Yeas lon-e:. the Lancaster and
! B,ooklyn six Years, AMI the Hartford.
Ricnmo ii and Pensacola five years.
OF the tniTI-ratss the Michigan can be
continued i'll tt,e service for ten years, the
Adams, Alliance. Essey. Enterprise, Talla-
poosn, Ynntic, and Nipsic for six years
and the Jun;nta, Cssipee, (luinnehaug
Swatara, Gaiena, Marion, kea,sarSe, anc
Iroquois five years longer.
Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1886-12-10
What Made Him Draw.

Much having been written at one time
and nnol her about General Lees disiuclina-
lion to ia <. up til, swor.l on the pa't of the
Suuih. a id toe a>uns t. Mt finally im-
PEELED him TO thu course he took, Art mus
Ward. we think. hit hr nal IN the head
when he gave us til. "trut Of history" in
the follow ny words: "Ronert Lee is q
noble fello y. He was opposed 10 the war
ut first, and lr.wrd his sword very relnc-
ntlv. In fact, he wouldn't We draw"d
h sworl at Ill, only lie hnl rye stock
OF nj i,a clothes on hand. Which no did
not want " waste"