davidaulloa/AmericanStories huggingface dataset:
Telegram-herald., 1890-11-17
CIRCULAR
TIE Noted Banker Discusses the
financial cyeIons.
EtLTHLHENT OF HIS PREBICTI0s
Se@ @P@ssst vita ths F2sles - 1878 aad
tset-bssitas ~ stseks ~ oetebeE
4Aa Ass>ahsr-Ehs Erisis rass
saa Recovery Csaasas.

Nav Toax. Nov. l8--HeHFy Clsws.
tas aoted n4akef. n as Weekly flnan-
clal Circular. Las the f0ll0~lnk 70 a.
regarding ne financial operations of
tAe past week.
ihseveat aas come % which my week
~ sdvcez have. tor the lasf Tour montns,
distinctly pointed. Ny foFeesstlnEs
have been fasec uron express data
sooNlnx IAs depressed state Of the rail-
road interest. also lne serious extent -
which tie creatl0u OF uew railroad
issues. within the last i've years, has
rkcseded tle possibility ~ their being
distributed among investors; and also
that This oyer-supPly of stocks could
nos fail. under the prevailing extra
ordinary scarcity OF money, q prec o.
ltate a severe tAl in the prices of stocks
The outcome oE the strained coudi-
ton. 60 Whieh I have thus called atteu-
ton has, NlLa.n che past week, appeared
ia the most serious break n prces that
has happened since the panic Of 1873,
accompanied With the embarrassment
~ one important bank, the suspension
~ another. aud tne failure OF three
stock exchange hrms, only one OF
Which however, Wa important For
tuuateiy. the crisis has, so Tar, scarcely
apprsciaDly affected commercial inter
esls, nor, considering the generally ac-
cred Ted sound coalition or trade does
10 appear likely 90 DO SO, except posi-
by Indirectly through putting,a tran
gcient check upon discounts. In TINS
respect the present SITUATION differs
widely from that of 1873, when business
was everywhere deranged from the re-
suits of the war, and the entire credit
system OF the country had 70 oe read
iusted through an universal liquidation.
This current exemption OF the CONNER
cial and industrial interests from uiju-
~ ia sympathy Nltn Wall street trou-
bles, makes the present situation cor
respond more nesrly 10 that of 1854,
which, being confined almost exclusive
ly % the speculative interests, was fol-
lowed ~ a comparatively quick resto-
ration Of confidence, and recovery OF
prices. How prompt that recovery
was, may beinferred from the fact that,
while on the lst of July, 1854, the ave-
rage price OF sixty active stocks stoJd a.
Aba, on the tst Of August, the average
had risea % 52.26, which Improvement,
however, was followed by a reaction
that kept the range OF prices low until
the notable upward movement that set
IN az the middle OF 1855.
The liquidation which has eliminated
ia the great breakdown of this week
set in about the beginning of October
and the following comparison of prices
OF leading stocks on the Ist of that
month, With those OF the close of Tues
day last, viii show the exact measure
- a. al =. nllni. flnra.
Telegram-herald., 1890-11-17

That = place wlli he pfepSrca, there =
us 1oQki, ana = apunaaDIs yo0cnod
foI he Ooa's holg wQa1.
I have bat - call year attention -
NAl4cti 4. Is sft8 t.ehe.a the dsy
csMsib laat shall ourn - a. oysH, sna
AZ TIE proud. yo4. sDo aii that 40
y ckeGiy saall * Subtle snd ths day
that coneth snail sGrn them Up. SAITH
ins Lars "a hosts, th4t g shah leave
facm neither rect uor branch 'Ana
ye shall tread doNn tie wicked; 4QT
t1ay shall be ashes under the soles ~
wear feet ln tie day. that J sh4A do
tnis, sslla sac loTd of hosts. Tins We
see thal the wicked dead sre slumbeT-
lng on ia that dream iess sleep eaaed
death. Uuti summoned forth ~ the
voice of Ghe son ot 0o1 --.6oau 5. 2-29.
Aly friends, lASt anakt nng VII hs
d4caafUl-awEk 10 tttruat hre-lhe
day st mercy forever gone. Iru'y
'thefe VIII be veeplng and glisshing "
teeth The mguty man shal cry
tnere bitterly Sse also = Pet. 9, 9, 8,
=, job y 3l May cod So help us that
We may escape the second death.
Amen."
Telegram-herald., 1890-11-17

fF0sn he Co1t.aeat. yet i ro ast b@ :
rather grave s.taat 81 81 an4Es shAt
conpels t1e proud s.o5i A41s "
1bfe4aDeedie Street - accent 4 Loan
ffotn tae SANK cf ffance, aad q mas.
- fen1sm e~Eea tezt a ie4a = alNAys =
tax Ga tae future, tee payments -
saiS1 ooes uOt wzI en e0Dselle1ce.
inca, 4kain, a. around tners are
stoSk accounts saspeEse waiting -
- l-qa.1sted Hhel gBe feeling aee9nss
ioore seltlsd. sna the street i ful u
i4ne operators sn0 vii have - DC re-
placed - HFa ouss before the former
activity can return. These are some u
tas Obstacles that sszBo In the Way Of
any named ATE pronounced recovery
ot prcess n0tNithslandiag the unusual
cheapness Of stocks. For thess reasons,
I noald recommend tne Postpcneneilt
~ important purchases ot stocks eA-
cept either On tuil payment Tor theta OF
upon specially liberal margins.
AT the close OF the week. the market
Is generally wax. London continues
10 unload upon "a, and the "bezrs''
work lndussFOusiy upon few weak
spots, 50 that prices lack stability e Is
found, however, that, AZ very sl'snt
deptn, these operations strike "nard
p4n, which stops their progress.
Toe money market remains quite
stringent. aud the rates 0I exchange Al
the Western centers continue against
New York. The very severity ot the
straiu here. however, IS likely % pro-
duce j reaction IN favor OK New York
al 10 distant cay; AID turn that viii
put the bank reserves IA a stronger
position may ne regarded as pr0bsbil-
Us OF the early future. The shipments
Of currency have been almost entirely
suspt udea during the week, and about
81 10000 has been transferred hither
from San Francisco and over half q
million from Canada. These are gains
in favor of ease. The fact that the
Clearing House has found IL necessary
10 issue only one and tnree-Quarter
millions OF certificates up 10 last night
shows now little the banks have sut-
fered Inconvenience from the prevail
ing generalization an exemption
which IS largely due 10 the prOmptness
OF their antlcipatory action.
Telegram-herald., 1890-11-17

Miss Jane Coomls and her co~panr
arrived yesterday from Chicago.
where she has just finished .
most successful and brilliant
engagement. The company is a large
one aud is headed hy that sterling
actor, j. Iesl.e 5ossin. IL t8e produc-
ton Of Camille tonight a. "Inc
Ivccum Theatre" tie staging 81 the
play wiii be very Gne aud holMng wsi
Ue left undonc Is ibe management -
give oil the effort that Bew and rare
furniture and bfic-a-brsc can give 10
The scene. TIE costumes ~ Miss
C0ombs and tbe .adles - the company
are SAID e. be- something to ecf the
ladies' % the audience info ezf cies. 8
fine performance can D. assured.
Telegram-herald., 1890-11-17

Upon these twenty-elght leading
stocks, the average decline between
October I ami November II has been
ia uOiuts. Omittng the four steady
dividend payers. Canada southern,
Northwest. Lake Shore & Western
Union. the average decline on the re-
mafung tweuty-f0ur stocks would be
A. 40 points. How much farther the
fail might have gone had not the clear
ing house. with wise and prompt pre-
caution. stepped in % relieve thenoney
market through issuing clearing house
cert fcstes it - not easy % say. But
that Intervention. fortunately, sufiCed
20 Immediately arrest the panic INTO
which affairs were fast running. Aud
iusflv So. for the banks were convinced
that prices bad thea fallen Sufficiently
to satisfy al cons deranons of intrinsic
value. and therefore felt Justified IN
dong uhst lay Ia their power to extend
the.r ability 90 lend on good Collaterals
and thereby say the progress ot the
demora Ezatl0u shat was wildly playing
havoc with che market. As matters
have since Turned out. 10 may oo in-
fsrred that the banks had a view 90
their own protection ga much as that ct
the stock Exchange Interests.
It may now o. safely assumed that
the crisis has passed 6 cu.minatou
and that recovery IS the next phase of
affairs BIT it w1Uis 1e a mistake 60
suppose that she change warrants SAN
ErDe exreCfaUors ss To the rate ~
recovery brit Che elements Of recupera-
tiou must he forthcoming slowly and
step bT step. Prices are iov enough O.
encourage ouvn2 hut. st The moment.
purchases muss GO made esther on cssa
teIws or upon unusually oroai mar
gins. 'Ch means considerable imlts-
SION ot demand Ira she next place.
tfe banks are now working 'u disregard
cf the reserve AVS. ana therefore must
O. expected to rEstrct shetT advances
on stecSs CD che cssss of marketable
co. ateEsissrd toreQu.re larger ul8rzfns
thar rsual. likely sls0 tsat. under
taa present unsettled feeling taeF n7aT
show scne preference for prime 8 s.
counts. A really h1cYsrt market can
hard be ~ouneet -n1u unal she ex-
rrr1erfcs af lae na-f week ass eeea fer-
qafton an6 ths stu Ssa Are srain f1ftl5et
tr snris ard trustworthy reserves.
Srne nalo towards res nna tne after
~ arse from the resi- i8ct3u In the
rree - stocks diFn nfsnIug the sacu8t
p - borrowed sncn taees ert. tsx.uE
t.a monetary stgsten as wae.e.
tsere sran1s tile chance % rrtI IL stes.lT
es nerrV tor the present. More
inrtr = pes yea nnf - ERE
es sr nut rtrrss BE fest
vet ssTa t1 ~fsSe r.are ssrt ss
at 4tanHea t1r Bars
- art has e~ lfofrs8 - Ea
N 81 &tsao 60 af geld aetssed
Telegram-herald., 1890-11-17

The Secretary OF War has approved
the report OF the engineer in charge Of
the Illinois 4 Mississp ppi Canal. The
bill provides that the route OF the canal
shall begin al q point near Hcnnepln.
The report recommends that the work
begin near the mouth Of Rock river.
A large portion Of the 5000 900 appro-
prlated for the york VIII be expended
near tins point II locating locks, dams,
surveys, etc, and portion Of Il, the
secretary decides, VIII also be expended
at Dixon III.
Telegram-herald., 1890-11-17
A MURDEROUS WILLIAM.

he Assaults Farmer and his Wife With
uatche-
MARsHAILTOwN, Ia, Nov. l6.-Mar-
shall Stone, n wealthy farmer residing
in this vicinity and his wife were muir
derously assaulted this morning with Il
hatchet by F. 5. Pellbeam, their hired
man. Leaving Mr. and Mrs. Stone, lying
unconscious on the floor, PellbeSm fed
and beng pursued by the neighboring
farmers, drew pocket knife and cut
his throat. lie wss captured and
placed IN jail, where a surgeon sewed
Up the wound IN his throat. Mr.. and
Mrs Stone are IN critical condition.
1t IS thought that Pelican IS crazy.
Telegram-herald., 1890-11-17

The PhI adelpha Press says that "the
potato crop. st its present estimate 81
l22.01o 500 bushels, is The lowest snee
1881 when it was loa .oo0 coo bushels.
snd Is IS FAR lower than then. as tne crop
a.ln years ago VAS two-thIr3s fnat az
the feH years iust before, while nov
the yield is scarcely one-hslf. There
81 20 country producngs larEe Crcp ~
potatoes in wh.ch there a iess depeu-
dence cn thts tuber As a food than
here, aod this dependence decreases
everv decade. e. thst the adtsuce 7
rr'Ce r iisely 60 - isss thar in TIE f5sst
tut it Isl certain to te large enough g.
Increase tue current cost 81 hVlnS.
Telegram-herald., 1890-11-17

A Duluth writer says that during
the season OF 1890 the ore shipping bus
mess OF the Gogebic, Marquette, Nc
nominee and Nermilion ranges viii
represent figures Unprecedented in thc
history ol the mining business. Before
the closing of the present shipping sea-
son. which lasts a month longer. the
grand total Tor this seaso9 viii reach
over 5000 200 tons. valoed az $3.50 a.
IS per ton from sh hpfers, according g.
aualllv.N
Telegram-herald., 1890-11-17
CRIMINAL ASSAULT.

Martin Devos Entiess I0-year-0ld Girl
Into IA Lumber Yard.
Late yesterday afternoon msn
named Martin DeNos. about p years of
age. was arrested for attempted rape
on the person of little girl named
Nellie Leyers, aged about 10 years.
The story told by the girl was 10 the
effect that DcNos bad c0axed her INTO
Dunham q Peters lumber yard and
tried 20 take undue lihcrtles with her
person, wh b screamed. The watci :
man employed Al tho yard responded
10 her cries and caught the fellow. lie
Eas taken 10 police headquarters, and
a charge OF Suspicion Of attempted
rape is what he must answer 10.
Telegram-herald., 1890-11-17
TRAVELLING MEN.
A Meeting Was HELD la the Pafl0rs ol
Sweets Hotel Yesterday.

A Meeting Mas HELD ia the Parl0rs 81
Sweets Hotel Yesterday.
A meeting OF the Grand Rapids Trav-
elers' Association Was held IN the par-
lors Yesterday morning. II Was called
iu honor of Messrs. Geo. J.. sampson
and 81. }. Matthews, who were IN this
city as Representatives OF the Michigan
Travellers Association. An informal
discussion was entered in.o pa which
general good fellowship was expressed
On all sdes.
President IL. RoheTtersonspreaded at
the meeting. and the resolutions pre-
viously passed IN regard - tae hospitals
ln th.s clEy were read, together With the
answers that had been received. They
extended tne most cordial welcome %
the ASSOCIATION. lt was decided 10 fur
nlsh a room az the Masonic bail.
Telegram-herald., 1890-11-17
A Full House.

raid was made last night about 8
O'Clock on a select game OF draw poker,
which was taking place IN the front
room over Colleton's saloon. iu the
Lepp.ck block, on Lyon-st. The fol-
lowing Young sports were taken ln.
Henry Hare. Frank Marsden. =. Con
nell and II. H. Corheu. Tney vii be
heard lrom tnis moIng.
Telegram-herald., 1890-11-17
WIFE AND MONEY.
The first Eiopsd and the other was
stolen.

lUN It IIot A-IvIHI NIftN tItt ttEINT y t1s
stolen.
WICHITA, Kas., KOv. lot was dis
covered this morning that Robert Han
lon, who has charge OF the schools at
Arkalon, ten miles west, and Mrs. John
Weitzel, wife of an agent for money
!oaning company, had eloped last
night. The husband OF the missing
woman returned this morning after a
weeks absence. lie discovered that
his residence had been broken into dur
ing the night, his valuahles stolen, and
that his Office had also been visited by
burglars. His safe was blown open and
robbed of about Sl0J0In cash ana notes
Tor So, 900.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-06
RAILROADS.
Charleston and Savannah Railway.
Schedule in Effect March 2nd 1890

TRAINS leave and arrive at Savannah b
Il Standard Time. which Is SO minutes slowe
than city time.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-06
FLORIDA.

Palatka wants schools At present there
is not a school building in the city.
Col. Markham's big grove on the Wekiva is
is being supplied with machinery for irriga-
ton.
G. T.. Sampson, founder of the Sampson
library at Stetson university, is at Lake
Helen.
F. A. Garrison, the newly appointed
postmaster of Palatka, will take charge Of
his office in about ten days.
g. W. Lewton's grove at Altamonte was
damaged to the extent Of $500 by forest
fires burning orange trees last week.
A night policeman was shot in Ocala on
Saturday night by white man named
Samuel jenkins. The murderer is still at
large.
Work still progresses nicely on the big
hotel at Sutherland. The chimneys are
being completed and the house generally in
closed.
st. Johns county taxes are now due, and
are coming in rapidly. The total state and
county taxation for the present year is
$32.719 SO.
The Union academy (colored) at Gaines
vile caught fire Monday night, but the
flames were put out in time to hold the loss
down to 500.
Among the prominent guests who ar
vestibuled train were Mr. and Mrs. Fred
Vanderbilt of New York.
A tox car attached to freight train on
the Jacksonville. Tampa and Key West
road, loaded with wood, was burned at
Pomona early Monday N orning.
Gen. Kirby Smith, one of the most
famous of the chieftans of the ex-confed-
eracy arrived in Jacksonville yesterday and
is the guest Of Judge Aristides Doggett.
Through a defective hue the Episcopal
church at Orlando caught fire Sunday
morning, but the flames were extinguished
before any appreciable damage had been
done.
Monday was salesday at the court house
at Palatka- The Carleton house was sold
under foreclosure for the sum of $16,5OO
but it is understood that the consideration
will be $4,000.
Among the prominent arrivals from Ohio
at the Ponce de Leon on Saturday were
Mrs. Calvin s. Brice, wife of the recently
elected United States senator, Miss Helen
Brice, John #. Brice, and Mrs. w. P. Orr.
Miss May and Miss Minnie Cummings
and Mrs. Mcfarland Of Fort Meade went
nsning; 1ney sat on log in the shade of
uinoreilas LOT three hours and could see the
bite. CIV q
AT Clear Water Harbor the present
winter at the Orange Bluff hotel has de-
monstrated the need Of more extensive ac.
Communications in that popular hosiery. A
2OO-room hotel is talked of, and ia another
season it could be filled.
The Florida, Central and Pen;psular
depot at Sumterville was deseroyed bv fire
last week, together with its contents. Whan
discovered the fire was beyond control and
II is believed 70 be of incendiary ORIGIN
The loss is about $4,000. ''''
Mr.. DAVIS sorrell horse was in the lot n,
the back Of Lightsey & Lewis livery stable
at Fort Meade, and one Of their two nigeon,
was flying around. The horse watched 10
opportunity, and with deliberate kick
killed the pigeon ION the wing"
Orlando 6seorai =. y. Jsudoa Of Lake
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-06
GEORGIA POLITICS.

Ernest c. Kontg is the newly elected city
recorder Of Atlanta.
A postoffice will be established near the
home of Coi.L. +. Livingston, in Newton
county. bA
The JACKSON herald suggests Henry
Perry for congress, as a successor to Hon.
Allen D. Candler.
Senator Joe Brown is still confined to his
home, but he hopes to get to Washington
by the end Of March.
The Cherokee Advance says that Steve
Clay of Cobb could carry that county for
governor in a storm.
Joe Hudson of Sumter, it is said, is being
groomed by his friends for senatorial hon
ors from his district
The Waynesboro True Citizen seconds
the nomination of Col. w. W. Gordon of
| Savannah for Governor.
Noting the dearth Of gubernatorial candi-
dates, the Houston Home-JOurnaL suggests
the name OF Judge L. A. Miller.
Anthony Murphy and James D. Collins
have been elected to places on the board of
county commissioners by the grand jury of
Fulton county.
1t will not surprise anyone to see Charley
Hudson of Schley occupy seat In the next
state Senate. His friends are urging him
to make the race.
IL is said that Hon. James II. Dennard is
candidate for reelection to represent
Wilcox county in the lower branch of the
general assembly.
Adairsville Ledger: As 1t seems to be in
order for nominations of candidates for
governor, we hereby place John Smith or
Bill Jones in the field. All of our readers
are acquainted with these gentlemen.
Politics in Carroll is a little quiet now.
Everybody is urging Judge Samuel w,
harris TO make the race for congress. which
he has not consented to do. Hon. John X.
Roop and Capt. w. A. Coleman are promi-
nently spoken Of for the legislature, and
Hons. George w. Harper aud W. e..
Mcdaniel, the present members in the
House, are also mentioned as probable can
didates.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-06
Plant Steamship Line.

TRI-WhEkLY.
Tampa, Key West and Havana.
SOUTH-BOUND.
Lv Port Tampa Mon. Thurs. and Sat II P. NJ.
Ar Key West Tues, Fri. and Sun. p. M.
Ar Havana We'd, Sat. and Mon. Jam,
NORTH-BOUND.
Lv Havana Mon, Thurs. anu Sat. I p. N.
Lv Key West Mon, Thurs. and Sat. 10P.M
Ar Port Tampa Tues, Fri. and Sun. 3 p NJ.
Connecting at Port Tampa with West India
Fast Train to and from Northern and Eastern
cities. For stateroom accommodations, apply
to City Ticket Office, S., +. & w. R'y, Jackson
ville or Agent Plant Steamship Line Tampa.
c. d. OWENS, Traffic Manager.
H. S. HAINES. General Manager.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-06

Train No. IA stops at all stations between sa-
vapnah and Yemassee
Train No. rs stops only at Montieth, Harde-
vile, Ridgeland, Green Pond
Trains No. IS and sc stop at all stations.
Train No. 10 stops at all stations south of
Ridgeland.
For tickets. Pullman car reservations and
other information, apply to A S. HAINES,
Ticket Agent, % Bull street, and at depot
K. z. MCSWINEY, Gen Pass. Agent.
c. S. GADSDEN, Superintendent
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-06
Dover and Statesboro R. R. Co.

SCHEDULE IN EFFECT FEB. 8. 1890
MAIL, daily-Leave Statesboro 5 A. NJ, Gems
b:25 a. NJ. Arrive Dover 5:45 A. NJ Leave
Dover S:45 A. NJ, Gems 9:05 A. NJ Arrive
Statesboro 9:35 A. NJ
ACCOMMODATION. every Wednesday-Leave
Statesboro $40 P. NJ, Gems 3:05 p NJ Arrive
Dover $3.50 p. NJ. Leave Dover 1850 p. NJ,
Gems 6:15 P. NJ. Arrive Statesboro S:35 p M
ALL TRAINS make close connection at Dover
with Central Railroad to and from Savan-
nah. and wait indefinitely on connecting
trains.
]. H BURCKHALTER, Supt.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-06

Health demands = healthy liver. Take
sinlmons Liver Regulator for Dyspepsia and
iDdigeIli0n,--Adv.
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-06


M lien A'euAnN'N" 90
tstopbe
Gas taoton Bgena
CECIL GABBETT %
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-06
GEORGIA AND FLORIDA.
THE NEWS OF TIE TWO STATES
TOLD IN PARAGRAPHS.

AN Infant Murdered With a Fork
Washington to Have Religious Meet e
ings-A Colored Mans Good Luck
A Cashiers Novel Experience at a
Depot-A Horse Kills Piseon With
Kick.
Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1890-07-21
DIED..
Mrs. Lydia Kelley.

Mrs. Kelley died at her home, in We'll
da, July 18th, Of consumption. She
came with her husband, DR.. Kelley, to
Welda some two months since. Although
with us such a brief period, yet, by her
amiable disposition, and especially by
her christian walk and life, she endeared
herself to lis.
Her parents were Of Quaker persua-
sion, but as there were none of that de-
nomination here, she identified herself
AS christian by public profession of
her faith. She connected herself with
the United Presbyterian church of this
place. Her remaining days were spent
IN peace and composure of mind. While
passing through the furnace of affection,
an unseen hand stayed her. She found
much comfort AMI peace in resting on
Gods precious promises. Although no
prophet spake to her, yet she had cher
house i'm order" and was aDxiOusly
awaiting that blessed change. 1t is our
hope that, like a weary pilgrim, she laid
her head down to rest, and sweetly sleeps
on the bosom of her Saviour.
Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1890-07-21
An Old Man Talks.

EDITOR AGrTATOR: had thought l
would write no more on the down-trOd-
den situation of our country, but leave
it to younger men and more vigorous
pens than mine. But lately there has
fallen under my observation pamphlet
so full of Misrepresentation and puppy
ISM must notice it. 1t might deceive
some young man, but one whose memo
ry runs back sixty-five years, and read
both sides on the questions that divided
the political parties of that day, can but
feel astonished at the Misrepresentation
contained in that work ''PrOtectiOn and
the Farmer by S. M. Cullom, United
States senator. He says: every
president from Washington to Jackson
endorsed and advocated protective
tariff 1 will here say what the sena-
tor knows is true-that not one of them
ever advocated a protective tariff. Pro-
lection as used in his quotations of their
speeches was from instructions and
foreign invasiOns, and the senator knows
it as we'll as l do. If he don't, let him
turn to congressional speeches in jack
sons second term, when congress divid-
ed up the surplus revenue, because the
Constitution empowered congress to i'm
pose duties only to meet the current ex-
penses Of the government. Nor was it
ever contemplated to tax one industry
to build up another. That kind Of leg
islatiOn would ruin any nation; as in
deed it has ours. True, they discrimi-
mated between our infant manufactures
that would soon rival foreign manufac-
tories, and those that never could COM
pete with them.
The south complained that congress
Disseminated in favor of northern en-
terprise-perhaps not without some
cause. AN OLD MAN.