davidaulloa/AmericanStories huggingface dataset:
The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1891-12-11
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The advocate., 1891-12-02

present volume Of currency would make
no more preceptible ripple upon the
stream Of commerce, than would a pebble
cast into q lake Of water. And 1t must
be remembered that the banks having
control Of this currency 1t would not be
let out to the people until the extreme
necessity and urgent demand for it raised
the rate of interest TO satisfactory point.
This would be snap for the banks, but
the flsxlbllity does not make itself very
apparent.
The requirements In order to flexible
volume Of money are:
Flrst--A volume Of money limited In
amount only by the quantity that can be
proftably used In productive industries
and the channels of commerce, if such
money may be freely obtained at rate
Of interest which will equltably divide
the net annual products Of the nation be-
tween the two factors--laboF and capital.
second-The absolutely safe place Of
deposit for the savings, or surplus money
Of the people, from whence 1t can be OBJ
tanned upon demand; such savings, while
In such place Of deposit, to draw inter-
eat at q lower rate than the established
legal current rate for the use Of money.
These requirements may be filed:
FlrSt-By the people, as a government,
lOaning their credit money to them
selves as individuals, upon productive
real estate at 2 per cent. interest.
Second BY making such credit bills,
(money) intercOnvertible with United
States postal savings bank bonds, Of con-
venIent denominations bearing one or
one and one-hRlf per cent. interest, and
obtainable at the post Offices In the cities
and principal towLs.
This would give US q flexible, elastic
volume of lcuFrency, which would auto
mstlcally adjust itself to all ordinary or
extraordinary demands for ltsuse.
GEO. @. WARD.
Kansas City, No.
The advocate., 1891-12-02

fund Of 1 per cent. Of their circulation,
so let the Peoples congress authorize the
United States treasurer to cove into the
redemption reserve fund each yesr a suf-
ficient amount to keep such reserve fund
always up to the maximum limit Of one
hundred millions Of dollars, to guarantee
the redemption Of the two billions of
out standing legal tender paper. This
would be safe and practicable. II not,
why not?
Mr.. Knox's argument against the plan
would probably be the yell Of "Aat
money" But whose fiat, and whose fiat
would give the proposed bank currency
the cloak of legslltYG
But what about the relative benefit OF
the two plans to the people at larger In
the one case the banks would have
500 Of credit to loan to the people at an
average rate Of per cent. for which they
would be out just 81 in "gold or silver
coin or bullion" In the other case the
$10O would be loaned to the people "at
o rate of interest not to exceed 2 per cent"
1t is very easy to discern which would
be the best for the banks. Now as to
the fexIblllty Of the volume Of bank
currency contemplated by this proposi-
tion of Mr.. Knox's. Let US be exact.
The actual cost Of that half of the vol
ume of bank currency secured by the pro-
posed "safety fund" would be for each
800 the sum of 20 cents In money, and
the interest upon $1.SO. Mr.. Knox evi-
IDENTIFY wishes to convey the impression
that on account Of the low cost Of such
currency to the banks, that they could
afford to let q goodly portion Of It lie
idle at times in their vaults and yet
realize good average profit upon the
whole. But we know, and Mr.. Knox
should know, that an addition Of two or
three hundred millions Of dollars to our
The advocate., 1891-12-02

% VI 6lIB amount one OOll&t ~ 70 nave
behind it dollar in gold or silver coin OF
bullion for It's redemption In case of the
failure of the bank or it's retirement from
business by liquidation. The other dol
lar is to have behind 1t for its redemp-
tion, IN case of the failue of q bank, or
its retirement from business, the sum Of
ttco cents in coin or bullion.
This virtually admits:
First-That 80 far as It's use as money
or az q circulating medium Ia concerned,
money needs no specie basis or metallic
reserve for It's redemption, as Mr.. Knox
In his proposition makes no provision for
the redemption Of any Of this bank cur
renCy, except in the case Of banks becom-
ing insolvent or voluntarily retiring from
business. And even for this contingency
there Ia no provision for the redemption
Of more than the one-hundredth part Of
the total bank circulation outstanding.
In other words, Mr.. Knox contemplates
that the average life Of a bank and It's
currency will be fifty years, ranging from
one to 100 years, If more than l per
cent. Of the total outstanding bank cur
rency should need redemption from any
cause the worth of one-half Of the excess
would be problematlcal.
Second-That were 1t not for the fact
some banks become lnsolvent and others
wish to retire from business, no other
money than PAPER bills would ever be
required.
Now let US give Mr.. Knox'S principles
q broader application. The credit of the
whole people Is better than that Of the
banks, while anything the American
Bankers association can accomplish the
whole people, including the bankers, In
their communal governmental capacity
can more easily and surely perform. The
United States government will never fail
or become insolvent. If sinking or
safety fund Of 2 per cent. in the hands Of
the banks is good and sufficient reserve
to guarantee circulating media, then
surely a reserve fund Of 5 per cent.in the
hands Of the peoples government is good
security for the redemption of a volume
of currency, especially when 1t is consid-
cred that the 2 per cent. safety fund 1t is
proposed that the banks shall provide is
to guard against contingency that can
not happen in the case of the United
States government; to wit: insolvency.
The United States government has had
in possession reserve fund for many
years Of one hundred million dollars In
gold to redeem three hundred and forty
six million dollars in United States
legal tender notes, (greenbacks) which
remained and yet remains intact, no one
having, so far, presented one Of the notes
for redemption.
Applying Mr.Knox's rule Of suficiency
this reserve Of one hundred million dol
lars, with no possibility Of insolvency,
should be large enough TO secure an Is
sue of five billions Of dollars in United
States legal tender greenbackS, If three
million dollars will secure one hundred
and fifty millions of dollars in bank cur
rency.
Besides, Mr.. Knox, as / have before
stated, does not consider any reserve at
al ,,nnonnn-rr ounn..L 10 .olnn.. n..A.A..l
The advocate., 1891-12-02
HousekeeperS
Should Remember.

The great success Of the Royal
Baking Powder is due to the ex-
treme care exercised by its manu-
facturers to make it entirely pure,
uniform in quality, and of the
highest leavening power. All the
scientific knowledge, care and skill,
attained by twenty-five years prac-
teal experience, are contributed
toward this end, and no prepara-
ton can be made with a greater
accuracy, precision and exactness.
Every article used is absolutely
pure. Chemists are employed to
test the strength of each ingredient,
so that its exact effect in combi-
The advocate., 1891-12-02

The Government Chemists, after having ana
Iyzed all the principal brands in the market in
their reports placed the Royal Baking Powder
at the head of the list for strength, purity and
wholesomeness; and thousands Of tests all over
the country have further demonstrated the fact
that its qualities are, in every respect unrivaed.
The advocate., 1891-12-02

nation with its co-ingredients is def
initely known. Nothing is trusted
to chance, and no person is en-
ployed in the preparation ofthe ma
terials used, or the manufacture Of
the powder, who is not an expert in
his particular branch ofthe business.
AS a consequence, the Royal
Baking Powder is of the highest
grade of excellence, always pure,
wholesome and uniform in quality.
Each box is exactly like every
other, and will retain its power, and
produce the same and the highest
leavening effect in any climate, at
any time.
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
CHILEAN REVENGE,
BalmaCeda'S Cabinet Is to Be
Prosecuted.
Seventy Enemies Of The Junta 10 Be Tried
for Treason.
The Baltimore Ordered Home Policy Of The
NeW Spanish Cabinet Ecuador and
the Argentine.


LONDON, Now ga dispatch from San
tlago de Chile states that all members Of
the Cabinet of the late President Balma-
ceda, and a number of others who held high
official positions In the oyerthrown Govern
ment, will be tried for infraction of the
Constitution and malyersation of funds. In
ali seventy men will be tried on these
charges.
WASHINGTON, Nov. 26-Captain Schley
of the Baltimore will receive joyful news
for himself and crew in a few days. Orders
from the Navy Department has been sent
authorizing him TO proceed north with the
Baltimore Immediately upon the arrival of
the Yorktown at Valparaiso. instead of
waiting for the Boston. The Yorktown is
now eight days from Montevdeo and should
reach Valparaiso by December 1st. This
decision to hurry the Baltimore north is the
result of telegram received from Captain
Sehley yesterday. calling attention to the
serious condition of the bottom of that YES
sci. Divers who were sent below report the
paint off in many places, and the plates thus
exposed are badly corrodel by the action Of
the salt water.
MEDALS FOR THE BALTIMORE CREW.
The medals presented by the King of
Norway and Sweden to the officers and
crew Of the cruiser Baltimore. on the occa-
sion Of that vessel conveying the remains of
Ericsson TO his native land, have been for
some time in the custody of the Department
OF State. Under the law they cannot be
given to the intended recipients unless by
express authority of Congress. OF course,
undrr the circumstances, Congress will
grant the permission. The medals are 354
in number; gold one for Captain Schley,
thirty-one silver medals for the officers Of
the Baltimore and 800 in bronze for the crew.
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
THE SANTA FEE.
Scheme to Enter the City of Denver Finally
Abandoned


Abandoned
DENVER, Nov 26-The Santa Fe mad
will sell all its property and tear I'D the
tracks OF the circle railroad over which it
was hoped that they would enter the city
After two years of fighting, in which they
expended vast sum of money, calculated bv
some to amount to S1,0OO,O0O, and when
they have failed by process of courts, they
have decided TO abandon the plan. This de-
cision was arrived at when Land Commits
sloner Frost and General Manager Robinson
were here last week, and property to the
value Isl 100000 will be disposed of Is
soon as possible. The Santa Fe had bitter
hight. The corporation offered to build a
100000 depot, improve the banks of
Cherry Creek, along the south wall of which
IL runs, and other wise appreciate the ada
cent property. But the people would not
listen.
The Santa Fe evidently is thinking OF
building line through the mountains tc
Salt Lake. for they had surveying party
IN TN field for some time in the vicinity OF
Golden and in Clear Creek Canyon endeav-
oring to find line. What Denver may suf-
fer by the action of the West Siders is not
known, as the road most likely would run
by the town, only entering it on the tracks
of the Fort Worth Railroad, over which il
mas a ninetY-nlne-year contract
LII is sald that the road will give its atten-
ton to Pueblo and push through to Salt
Lake and the Coast from Grand Junction,
Colo. The air is full of railroad rumors In
consequence of the action of the railway
company. BY some it is thought it is big
bluff game, but it is announced as a fact
that thu Santa Fe will relnquish all claims.
circles
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
MEXICAN MATTERS.
The CARA Insurrection to Be Suppressed


The CARA Insurrection to Be suppressed-A
Fatal Accident.
LAREDO Tex, Nov. 26.-While nothing
definite has been heard for several days OF
reyouionist Cara, the Mexican Govern
ment seems at least to have taken serious
view of the situation. Transportation has
been ordered on the Mexican National
road for moving 1000 troops from the City
of Mexico to the frontier to- morrow MORN
ing. Two trains Of twenty-five cars each,
loaded with soldiers and munitions of war,
will arrive over that road from the interior
of Mexico. and Will be distributed along the
river-frOnt.
SAN ANTONIO (Texl Nov. 26.-J. r.
Coleman, an American engaged in business
at Guanajuata, Mexico. has arrived he re
and brings particulars of an accident which
took place in that city last Sunday, resulting
in the killing of twelve people and the ser-
GUS injury of nine others. Several hundred
people had assembled in a bull-fghting
arena to witness fight between two goats,
when Il part of the amphitheater gave way,
The heavy timbers fell on the crowd, crush
ing men and women.
CHICAGO, Nov. Pa dispatch from Cen
eral Freight Agent of the Mexican Inter
national Railroad says the Mexican corn
crop is failure and will create almost a
famine in all the districts. The demand
for American corn will aggregate a million
bushels.
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
THE VATICAN.
The French Government Assures the Pope Of
q Fri indy Feeling.

fr2nGly Feellng.
PARIS, Nov. 26.-In the face of the yer
dict of the Court Of Appeals declaring that
the Archbishop of AK was guilty of the
charge preferred against him by the Min
lister of Justice and Public Worship, on
which charge he was condemned to pay
fine Of 5000 francs, the French Government
has sent a note to the Pope in regard to the
relations between France and the Vatican.
In this note the Government declares it has
no wish to reopen the conflict with the
clergy; neither has it any wish to restrict
the liberty of the Bishops. In addition, the
note states the Government of France de-
slres the Pope to continue his policy OF
Cancellation and expresses the hope that the
movement having for its object the bring
ing about of the adhesion of the Catholic
church to the republic will spread
II is certain that the fine imposed on the
Archbishop of AK will be subscribed by
the many friends of that prelate The
Bishop declares that he is determined not to
submit to the civil authorities and nobody
shall stop him from leading pilgrims to
Rome.
LONDON, Nov. pa subscription opened
by the Figaro to cover the fine and costs of
the Archbishop OF AK covered it completely
in single day. That journal announces it
has received 5222 francs. Among the sub
scribers, the most of whom are from the
French nobility, are the Duchess 'Uzes,
the COmte de tranquevlle, a member of the
Institute, Marquis de Breteuil and the
Comte dHauSSOnyille. MonsignOr Gouthe-
SOulard declares that the rights of con-
science have been wr0nged in his person,
and protests against what he thinks is an
unfair pressure put upon him. DESPITE his
advanced age the prelate is full of fire and
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
On the Trail of Trsin-Robbsrs

RACINE (Wis.), Nov. 26.-The detective,
at work on the clews to the recent train
robbery searched house ON Twelfth street
in this city and found two masks, two
SLOUGH hats, two pair of oyeralls and twenty
five brass shells loaded with buckshot The
rooms had been occupied by two men, whn
worked for contractor named Raichert.
They disappeared shortly after the train
robbery. Engineer Mckay of the robbed
train identified the garments rs those worn
by the robbers. The detectives leit Racine
hastily yesterday, and arrests are expected
to follow.
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
Boom in Whisky

CHICAGO, Nov 26-News has been re-
ceived by whisky men that the bounty the
German Government has been paying dis
tillers for the home production of high wines
was Withdrawn yesterday. This is pre-
sumably on account of the short cereal
crops. The bounty enabled German distiH-
ers to monopolize the high lines of trade OF
Great Britain and France, as well as Ger
many. The removal and the high price OF
grain abroad opened up both the British
Isles and the Continent to the American
product, and heavy export trade has
already resulted. If the demand keeps up
as at present it will! be necessary for the
whisky trust to reopen several Of its slut
nnIrn hnr1Sns
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
--G'---
FOREIGN BREYITIES.

LONDON, Nov. 26. - The British bark
Georgetown from Palma, Majorca, has been
wrecked near Faro. The captains wife
and sixiof the crew were drowned.
VIENNA, Nov. 26.-Herr Graf Won Iver-
hof, Secretary Of the Austrian Legation at
Washington, who while absent on leave
shot himself Tuesday. is dead.
LONDON. Nov 26.-Bullon in the Bank
Of England increased g124000 during the
past week. The proportion of reserve to
liability, which was last week 1888 per
cent, Is now 1888.
BERLIN, Nov. 26.-Berln was startled to.
day by the failure Of the Berlin Ban king
aud Exchange Company. The police have
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
STATE BONDS.
Plan Suggested for the Settlement Of the
nnht IL

Debt Of Virginia.
New YORK, Nov. 26.-The Virginia Bond
holders Committee have submitted their
report to their Advisory Board, composed
of Grover Cleveland Chairman, Thomas f.
Bayard, Edward J. Phelps. George G. Will
Jams and George S. Coe. The board mme-
diately took the matter under considera-
ton and has just rendered an opinion ap-
proving and recommending the plan of set
Element of the Virginia debt as embodied
in the report Of the nd-h0lders' Com
mittee as follows: The State Of Virginia in
settlement of SIS, 100000 of such indebted
ness shall deliver its bonds for Sf9,0O00OO,
or in that proportion, for the amount Of in
debtedness which shall ba surrendered.
The bonds shall be payable in 100 years
and Will draw interest from July l, 1891, at
2 per cent for the first ten years, and after
that date at per cent for the remaining
ninety years. The Advisory Board says il
IS decided in its judgment that if the terms
of the settlement now presented are re-
jected the prospect of an advantageous
agreement in the future is far from en-
couTaging.
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
GENUINE LEPROSY.
Shocking Condition of a Laboring Man i.
Sheridan Township, Mich.

Shocking Condition Of a Laboring Man in
Sheridan Township, Mich.
CHICAGO, Nov. ga Clare (Aich.)
special says: John Powers, a laboring man
of Sheridan township, is afflicted with
malignant type OF genuine leprcsy. Powers
is most disgusting object. His flesh is
dropping off in great masses. The foul odor
emanating from the decayed tissues is So
powerful that it is said to be impossible TO
enter the room where the unfortunate man
lies without experiencing feeling of nausea.
Physicians in charge Of the case are very
retlcent about it, and are probably acting
on instructions from the State Board Of
Health. Medical men seem to be afraid of
creating scare unless they keep the facts
secret. They even go so far as to say thai
Powers is afflicted only with some scrofu-
lous trouble of an aggravated type.
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
Issue of Bonds Recommended

Boston, Nov. 26.-At a meeting Of the
trustees of the Boston and Montana Consol-
dated Copper and Silver Mining Company
the following vote was recommended to be
passed at special meeting of stock holder>
at Butte City December 9th, namely: That
$500, 600 in bonds, if authorized, be offered 10
each and every one of the stockholders pro
rata, at 80 cents, and a proyiso be inserted
in the vote that no bonds be sold at less
than on cants
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
The German susar Product.

GLASGOW, Nov ga cable has been re-
ceived from Germany stating that Herr
Lecht had made great reduction in the es-
Inmates regarding~t the production of beet
root sugar. lie now places the production
at 100000 tons less than the previous one.
Regarding cane sugar he now estimates the
yield will be less by $4,000 tons. The re-
ceipt of this cable had the effect of causing
the sugar market here to become strong and
active. Everything has sold at the highest
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
Ecuador and the Argentine.

WASHINGTON. Nov. 26-The Bureau Of
American Republics has cablegram from
GuayQuil contradicting the published re-
ports of revolutionary proceedings in Ecua-
dor. The cablegram says there is very little
excitement over the election. The country
is tranquil and the Liberal party triumphed
in almost every part OF the Republic.
The Argentine Government proposed to
increase its Worlds Fair appropriation
from Sl0O, 1000 to $500, 900.
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
SPANS CABINET.
The Political Policy of Its Predecessor to Be
Followed.

AiO 4V4AtASdA 1VAlCy VI 4tS 1Etu6CsSS0r TO De
Followed.
MADRID, Nov. ga meeting of the Cab-
met was held yesterday. at which the uues-
tion of customs duties was the principal
subject OF discussion. The majority of the
Ministers favored single tariff semi
official note has been issued, which
says that the political policy of the
new Government is Identical with the
previous Cabinet. Referring to the
financial condition Of the country, the
note declares thatthe Government consid-
ers the present financial position is due to
accidental causes. In conclusion, tine note
declares that the Government will always
provide to meet the coupons of the debt as
they fall due, and will endeavor in every
way to merit confidence and restore the
credit of the country.
The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-11-27
Striking Minera

INDIANAPOLIS. Nov. 26-The SentiaePs
Terre Haute Qnd.) dispatch says the strik-
ing miners delegates began an important con-
ference yesterday, attended by a represen-
tative Of the National Miners Union. An
effort made to arbitrate with the operators
failed, the latter refusing TO do anything ua-
til the status existing before the strike was
restored. 1t is believed now that the ma
tional organization will take up the cause OF
the Indiana men and bitter fight will en-
sue,