The great West. [volume] (St. Paul, Minn.) 1889-18??, 1890-04-25
Tho Harvard Circnlar.

Tho Hassard Circular.
The following is q portion of this re-
markable document, issued to our
bankers, from England at the begin
ing of the war:
Slavery is likely to be abolished
by the war power and chattel slavery
destroyed. This, l and nv Eu-
ropean friends are in favor of. for
slavery is but the owning of labor,
and carries with it the care for the
laborer; while the European plan, led
on by England, is capital controlling
wages. This can be done by contrall-
ing the money. The great debt that
Capitalists will see to it is made out
OF the war must be used as measure
to control the volume of money.
To accomplish this, the bonds
must be used as a banking basis. We
are now waiting to get the Secretary
OF the Treasury to make this recon-
mendation to Congress. It will not
do to allow the Greenback, Gas it is
called, to circulate as money any
length Of time, for we can not control
them. Butwe can control the Bonds
and through them the Bank issues %
Norman Co. Herald:
On March 22nd, wheat is quoted
at Buffalo at ninety-four cents for
one hard and ninety three cents, one
northern; at Duluth seventy-nine for
one hard and seventy-seven and
three tourths for one northern, diff
ference OF fifteen cents. AS we under
stand that the rate from Duluth to
Buffalo by boat is not over three
cents per bushel and often less than
that, will the Evening Journal who
seeks to roast Editor Fish, OF the
GREAT WEST, on every occasion pos
sible, Enthusiastically explain this
great difference in price between
these markets. We are inclined to
think there is a great deal of truth in
the statement that the farmers are
receiving twenty-eight cents per
bushel less than the present Liver
erpool price will warrant after allow
ing literally for a just carrier and
commission charges. 1t would seem
that the Journal would be doing a
greater favor to all concerned by
showing wherein the figures given in
the GREAT WEST by DR.. Fish were in
correct and unreasonable, than by
telling the DR.. to ship a cargo and
demonstrate that 60 cent wheat is
worth % cents more according to
Liverpool prices. The GREAT WEST
may seem extreme and even revolu-
tionary, but it will be noticed that
the independent thinking men of the
country are rapidly coming to the
conclusion that present conditions
are wrong and must be overturned.
Economist:
During the past twelve months the
national bank circulation has been
reduced $4,000, 900 as reported by
the Comptroller of the Currency Feb
ruary %. The decline in national
bank currency for February was 3d.
373, 166. The circulation outstand-
ing at this date was 1912, 12O, 400,
of which 1927, 41O,251 was based on
Government bonds, and $64, no.
155 based on lawful money. There
was $143, $4,000 in bonds depos-
tied to secure the 1927, 410,2 Psi ma
tional bank notes in circulation.
According to the statement of this
department, there was net decrease
in all kinds of circulation during
February of $40, 276,963, and an in
crease in the national Treasury DUR
ing the same time of $6,9O1 ,968 in
money and bullion.
The gross earnings of the Minneap-
oils { st. Louis road for the month
OF January, were $1O4,7 1855, operat-
ing expenses $72, O4O, and net earn
ings $32, 745, being a gain in COM
parison with the corresponding
month last year, of $14, 207. The
February gross earnings were $117,-
500, as against 500, 172 for the same
month of 1889.
A gentleman who has spent some
time studying the matter says that
it is his conviction that the terrible
condition portrayed in Caesars Col
umn," will get here by the mortgage
route in twenty years.
Olmsted Co. Democrat:
just now the farmers of Minnesota
are making themselves felt and their
alliance movement seems destined to
result in a general organization of
the agricultural interests throughout
the State.
Mankato Register.
Last week the Fergus Falls Jour-
nal contained twenty real estate
mortgage sale notices. That is right
in the garden spot of the portion of
Minnesota where the Pioneer Press