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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30


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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30
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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30
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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

By order Of the execGETs cssn.
the De- ocrzzSc rioters q LeaE ca'''ls'
WI assemble n tAen rssY-< re Esf1s'ns
places oa Thursday, Mar ~ 1s
eject delegates by ballot 10 se..-sssia 1al-
respective precincts AZ tAe c'os1Fei''4-.
be sseii Al Tallahassee q S21zras! ~
SIss. 1S92. III 10 o-csc.ck - NJ
pa,pose Of e3ecting delegates = 7ts1t1
this county Al the State and ,'iaz'ss'
conventions, AID transact soca -
business A. nAy ooHse before I
The superintendent vi desz-1l< ~ -
The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30
KsELs ~ MATEkf.1-

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-30

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The advocate., 1892-07-20
MONETARY COMMISSION.
Report of the United States Monetary
Commission, Appointed by Act of Con.
gress August 10, 1876.


Commission, Appointed by Act of Con
gress August 15, 1876.
NO. vi.
All that can be safely said on the posi-
BILE discovery of new and great bonan.
zas is that the chances are against such
discoveries within any near period. More
than three centuries elapsed between
PotOsl and the Comstock lode, and it is q
fact of observation, both in respect to
silver bonanzas and great gold fields, that
they are separated by great spaces of
geographical distance. It certainly can
not be proposed to predicate Legislation
upon the possible discovery of new gold
fields like those of California and Aus
tralia or Of new silver lodes like those
Of Potosl and the Comstock.
So far as the future Of silver mining in
the United States depends upon the in
creased working Of ordinary silver mines,
it is safe to assume steady advance as
capital and labor become more abundant
and as the means of access to the regions
In which those mines are found are mul-
tiplied and improved. But experience
has shown that rspidity in such advance
is not to be expected. 1t takes time 10
inspire capital with confidence In such
investments, and the more 80 because
the needed capital must be drawn, to a
large extent, from points remote from the
localities of the mines. No increase in
the yield OF silver in the Immediate fu-
ture seems, upon the whole, to be prob
able, and it is still less probable that
that there can be such an increase as will
compensate for the continuing decrease
In the yield Of gold. And even if this
should be the case, there would be no
Increase In the aggregate supply of the
two metals, which is now scarcely sufi-
Client to meet the money needs of the
worlds advancing population and to
keep the existing stocks good against loss
by accident and abrasion and consump-
tion in the arts.
According to the estimates of Tooke
and Newmarch, che gold yield of the
world during the first five years of the
California and Australian developments,
ending with and including 1865, averaged
annually GS9, 10000, and during the five
years ending with and including 1875,
ego, ,SOS,2OO, showing an average annual
reduction in the latter period Of e8,-
$4,000.
According to the estimates Of Sir Hec-
tor hay, the gold yield of the world in
the five years ending with 1866 averaged
annually eS9,935,OOO, and in the five
years ending 1875, e10,04O,OOO, showing
The larger reduction of RlO295, 900.
The smaller OF these two estimates of
The advocate., 1892-07-20
$1.OO PER YEAR.

OF such rise or fall; but lt Is universally
conceded that the great increase Of the
world in commerce, In wealth, and In the
population Of It's civilized portions, fol-
lowing and caused by the California and
Australian discoveries, has more than
kept pace with the yield Of the precious
metals since 1885, and that In or about
that year the rise In general prices caused
by these discoveries was distinctly
checked and that they have since shown
a large decline. This decline has been
undoubtedly aggravated by the demone-
tization OF silver In several commercial
countries.
The suspensions Of specie payments in
Russia (1S5O, In the United States On
1882, and in Italy Gin 1861, all within
twenty years, not only liberated very
large amount Of specie, which was ex-
ported to specie paying countries, but
cut of the demand Of the suspendlng
countries for the supplies Of gold and
silver which would have been required
to keep up their stock Of money IL il had
remained metallic. Were Il not for this
extraordinary supply and decreased de-
mand, it is more than probable that the
specie prices Of commodities would now
range lower than they did in 1S4O. It is
certain that resumption Of specie pay
ments In all or either of the three coun-
tries named would make such demand
Tor specie as would greatly appreciate its
value, and force prices TO q much lower
level.
The still continuing suspensions which
In the Argentine Confederation
In 1857, in Peru and Austria I'm 1867,
md In France I'm 1870, also diminished
he demand for specie and increased it's
Iupply to the specie paying countries,
'ut in much less measure than the sus-
PENSIONS In Russia, Italy and the United
states.
The Increase Of the world In popula-
Ion, wealth and commerce is still con-
inuing. The stock Of metallic money
will consequently become inadequate II
remains stationary, and still more sud-
lenly and greatly inadequate IL It should
70 reduced by the demonstration of
ither Of the precious metals. The prog
ess Of mankind In the particulars men
ioned has most important bearing on
be question Of demonetlzIng silver. II
Vill require the highest possible produc-
ion Of both metals il that progress is to
ontinue In the future as great and rapid
It has been in the past. In general,
70 know that this progress has been very
reat during recent years, but the state
lent Of certain particulars may give
lore exact and just idea Of 1t.
Go be contlnued)
-e-------
The advocate., 1892-07-20

accurate mode Of calculating an average
OF prices, but.to state the conclusions
upon which there ls a substantial agree
ment. These conclusions are
1. That from the beginning Of the
revolutionary troubles In South Ameri-
ca In 1909 to the opening Of the Callfor-
MIA mines in 1849 there was continuous
rise in the value of money and, CORES
ponding fall in the price Of cOmmodl-
ties. According to Jevons, money in
creased in purchasing power during this
period 145 per cent.
2. That after 1849 there occurred q fall
In the value Of money and q rise In the
price Of commodities, which reached
their maximum about 1856. During this
period, according to the same authority,
the purchasing power Of money de-
creased is per cent.
3. That this decrease In the purchas-
Ing power Of money has since then been
quite overcome, and that Its command
over property is at least as great as it was
In lS49, and very much greater than it
was In 1909.
These conclusions relative to values
and prices refer solely to the relation be-
tween money and property, and not to
the relation between money and labor.
It Is plausibly maintained by many |
economists that an increasing volume of
money has greater and more immediate
effect In increasing the wages Of labor
than 1t has In increasing the prices of
commodities. One reason given for this
q that an increasing volume Of money,
while 1t stimulates industrial enterprises,
1t the same time furnishes the means to
10 organize and classify labor as to make
more effective, 80 that, although there
nay be nominal, and, 80 far as the
Ia concerned, an actual ad-
'ance In wages, the real cost OF labor to
ne employer is not increased. It Is
that the main and governing
ause for the increased efficiency of labor
to be found In the moral effect which
increased wages and steady employment
ave on the workman. They inspire him
7ith a confident hoIe Of betterIng his
ondition. This hope imparts vIgor to
is arm and willingness to his mind. It
timulateS his mental and especially his
1ventive faculties. Every period of in
reasing money has been marked as the
lost fruitful In the inventions Of labor
aVing machinery. These inventions,
lille they cheaper the cost Of commodi-
es, Increase the demand for them to an
ztent fully as great, and do not dimIn-
h either wages or the demand for Ia I
or.
There ls a diversity of opinion as to
le exact dates at which prices may have
sen or fallen and as to the exact extent
The advocate., 1892-07-20

reduction In the yield of gold Is con-
siderably larger than the increase In the
yield of silver during the five years end
ing with 1875, but the silver yield of the
United States is now greater than $29, $780,
1000, which was its annual average during
the five years ending with 1875. By so
much as it Is grester,so much more nearly
does the silver increase offset the gold
decrease, But on no estimate Is the off
set complete one.
1t thus appears thai. the aggregate pro-
duction Of the two metals has declined
since 1855, and that the probabilities are
at least as strong Of a future decline as
of future increase. But It has been
urged that the yield Of the two metals In
1865 was much too great, and that the
yield for the last twenty years, on q scale
somewhat but not much declining, has
been In excess Of the legitimate wants Of
commerce and increasing populations,
and that the continuance Of the produc-
ton on an equal scale would tend to de-
preciste the value of money and to In
crease the prices Of commodities to an
injurious and dangerous extent. If this
is true, 1t would tend to indicate and ex-
cuse the demonetlzation of one of the
metals as a measure necessary to pro-
tect the interests of creditors.
Undoubtedly the largely increased out
turn of the two metals for the five years
ending with 1856 produced a general in
crease Of prices throughout the COM
mercial world. But no evils resulted
from this Increase, which, on the contrary,
so stimulated productive industry as to |
be OF immense benefit to all classes, in
Guiding creditors. But whatever re-
suited, the fact is an accomplished one.
The world has accommodated itself to
the new range of prices, and to demone-
tie either metal in order to restore the
old range would bring on evils vastly
greater than those sought to be reme-
died. There Is no rule Of equity or ex-
pediency which requires the world to 20
back to the prices Of 184S, which would
not require 1t TO 60 back to the prices
before the discovery of America. The
vital questions to be decided are, whether
he yield OF the precious metals has been
more than sufficient to maintain the
'ange of prices attained from 1866 to
1865, and whether the present and pros
oectiVe yield promises to do more than
his for the future, and whether II Is not
more probable that the utmost yield Of
he two metals combined, which can rea.
onsbly be expected, may prove too small
or the worlds rapidly growing wants
nd cause fall rather than rise In gen.
raj prices.
It is not proposed to enter upon the I
uestion still in dispute as to the most l
The advocate., 1892-07-20

SUBSCRIBE for Tn ADVOCATE.
Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-05-03
Rntlrrao&.
Wheeling Bridge and Terminal Railway
Time Table In Eject Feb. I, 1892.
Eastern COR wheeling Time

Leave whseling-No q, o:l5 3. M: No. %,
7;OA m; No. -, $50 a. IN; No. Isl. 9:4b = IN.
No. ~, l0:3oa ~; No. al. 1880 =. M; No. 'iS,
1880 p. m; No 'l5 1870 p. m; No. III. $50 p.
~. 4SO p. M No. 1873, 6:So ,. m. No. 10. o:4S
80. +SI, $3.50 p IN: so. tSs. lO:45 p. m.
Arrive Martins Ferry-No. H. o;s5 a. m; No.
tS 7:i6A IN; No. ts, e:4J =. m; No. FOL, g:b7
a IN; No -, 1878 a. m. No. al. li;45a.m; No.
'l3 1916 p ~: No. slb. las p. M; No. az 2:ls
y. m.; No F53. 3:S7 p. m; No. 'ls, $40 y m;
No. 81, 40 p. ~: No. 's3. $50 p. m: No. 10.
6:b7 D. m. No. ~, 7:45 p. m: No. ~, S:45 p.
M: Ne. 1871. 9:45 p. m; No tSI, HOO y. IN.
a. 500 a. M; No ECO, $3.50 Il. M: No. IS, l0:Oa.
m; No+lU. ll:OOa. M; No. az, 1910 p. M; No.
IA, 100 p. m. No. flo, 90 IN tho. -, 2;;S
p. m; No. rs, $40 p. m. No. 30, 40 p. m;
No. ~, 5:lo p. m; No t54, s:5S P. m; No 20,
~ arrive WheeIing-No. y. go n. IN: No. a.
s:lba m; No. 80, 8: l0a. m; No IS, lob a. M;
No. 40 II Is g. M; No. "l2, 1873 p m; No. 'f,
1915 p M; No. 'l6. s:l5 p. M. No t5s, z - p. IN /;
BIS p. IN. No 10, $40 p. m; NO. 20, 1:5 p.
m; No. '9s, s:l5 p. M No. tSO. o. p. M No.
1872. 1918 p. m.
+Daily except Sunday. 'Dsily.
Trains No. / and ~ will run 70 Laughlin'
Mil, arriving at 6:& 10. and 40 y. IN. re-
spective!y. Returning. trains No. 2thd "a viii
leave Laughlins d to:34 a. m. and b:0S p. m re-
On sundays Nos. 81 and 2s viii run to and
from Martins Ferry only. Trains Nos. 10,
~ aud a for wheeling aud trains Nos 81, ~
and 50 from Wheeling. will not stop between
Martins Ferry and Wheeling. All other trains
will stop on signal At Reymsun's u7th suest).
Peninsula and Belmont Brewery Jefferson
street,.
isp3Oekd General Manager.
Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-05-03
PEODUCE.

Chicago May with remarkably
light deliveries there was a loss of laI]4c
in prices to-day The early strength was
due to severe rain storms. which it was
thought would tend TO delay farm work.
The deliveries of wheat were small as had
been anticipated For time there was
some uncertainty about the visible supply,
but the figures finally posted showed de-
crease in wheat Of l.2l3,00O bushels, de
crease in corn Of !, 3S5, 600 bushels, and an
increase in oats of $4,000 bushels. This
gave a little nrmer tone to the market for
a moment A cold wave was also reported
in the extreme Northwest. Corn moderate
In active. The visible decrease was hardly
as much as generally reported. The liberal
estimated receipts for tomorrow with the
weakness in wheat was the bearish factor
on the wind up Oats easy az about open
ing prices Provisions dull with little
change in prices. Flour steady and I'M
Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-05-03

good s75a90; extra s9Oal05; do. fourteen to
fourteen and a half hands, good $5Oa65 /;
extra 65aSO, plugs $20a5O.
CHICAGO, May 2.-Cattle-Receipts IL
600 head: shipments 1850 head; market
fairly active and steady; best steers 81 5Oa
4 60; others g S0a4 %; feeders 8 25a3 40;
stockers 81 90a3 Is; cows 81 o5a2 90.
Hogs-Receipts, "a, 900 head: shipments
none; market active and closed steady
rough and common 81 OOa4 %; mixed ana
packers 81 35a4 %; prime, heavy and
butcher weights 81 55a4 80.
Sheep-Receipts 5000 heae; shipments
LOCO head; market slow and steady to
lower; westerns SIS O0a6 50; Texans 81 pa
5 65; clipped native yearlings ana lambs
So 5Oa5 90.
EAST LIBERTY. May 2.-Cattle-Re-
ceipts. 1,722 head; shipments, 4S3 head {;
very dull, heavy supply and &c off from
last weeks prices.
Hogs-Receipts, 200 head; shipments,
5000 head; market steady; all grades a 20
Sheep-Receipts $500 head; shipments
400 head; market dull, &c of from last
weeks prices.
CINCINNATI, O., May 2.-Hogs, steady:
packing and butchers 81 25a4 so; receipts,
$500 head; shipments, 1850 head.