davidaulloa/AmericanStories huggingface dataset:
The advocate., 1892-07-20
"a Voice: "That is fair."l

III
Mr.. Conger-The gentleman says that
national banks could not stand without
bonds. Now, | say that bond Is not
necessary at all to the existence Of ma
tionRl bank.
Mr.. Weaver-Take away the bonds
and take away the circulation and you
may have all the national banks you
want. Laughter
Mr.. Wilber-LSst year the national
banks paid In taxes on an average not
less than 515 per cent. on their capital,
and they received a little over A per cent.
upon their bonds. Now, / would ask
the gentleman why he would wipe out
the national banks when they are paying
that amount of taxes for the people.
Mr.. Wesver-The charges for interest
and exchange are increased so as to cover
all that, and so the people pay the tax in
the end and not the banks.
Mr.. Fisher, (and many others win
the gentleman allow me a question.
Mr.. Wesver--I am willing to yield to
one at a time, but declare do not like
to have the whole syndicate at me at
once. You confuse one another, gentle
men. Laughter and applause.
Now, if the national bank system Is to
be temporary, why not change It now?
Why mot give the country gold, silver
and legal-tender paper, all Issued by the
government and not by or through the
bank corporations? Can any gentleman
gives statesmsn-llke reason for withhold
Ing this great boon from an oppressed
.peopleH
Now, will, at the request Of the gen.
tleman who asked it, state my reason for
opposing national bank money. l op-
pose it, first for the same reason that
Jackson opposed money issued by bank
ing corporations. In his farewell address,
on page 995, volume 2, Of the Statesman .
Manual, he says:
Corporations which create the paper
money cannot be relied upon to keep the
circulating medium uniform in amount.
That Is one of my reasons for oppo-
sing national bank money.
Mr.. Fisher-Will the gentleman allow
me one question:
Mr.. Weaver will, as / interrupted
the gentleman once yesterday.
Mr.. Fisher only wish to ask the
gentleman what this has to do with the
bill under discussion?
Mr. Weaver will tell you, sir. am
the question as to the intent
Of the demonstration of silver and the
fastening upon this country of a perma-
nent bonded debt with the national bank
Ing system on top Of It. [Applause.l You
cannot get me away from that point. If
silver Is freely coined, they argued, the
bonds will be paid In coin, and the banks
will fall and our power will be gone.
Applause.]
Concluded next week.
The advocate., 1892-07-20

That is the simple, naked truth.
The interest was at first payable in
gold seml-annually, and now, under the
funding scheme, payable quarterly,
which enables the gentlemen having
fixed incomes derived from bonds to com
pound their interest. Thus per cent
payable quarterly, is quite as good as 8
per cent. paid as provided In the 6 per
cent. bond, and, in fact, greater when we
compare the purchasing power Of money
now with its purchasing power say, ten
years ago. 1t is true beyond dispute that
he Is receiving greater interest to-day
than when he purchased his 6 per cents.
from the government.
Mr.. Clshin-Wlll the gentleman allow
me to ask him question.
Mr.. Weaver-I yield to the gentleman.
Mr.. Clafin-I would ask him If that
change from semi-annual to quarterly
payments was not In the interest of the
government?
Mr.. Weaver-It was certainly in the
interest Of the bondholders.
Mr.. ClsfIn-Was 1t not In the interest
of the government Thegovernment re-
celves it's money from week to week and
from week to week pays 1t out, and it
would otherwise have to lie In the treas
ury.
Mr.. Weaver-It would not be great
detriment to the government to let q
little gold lie in the treasury. Does the
gentleman undertake to-say before the
house and the country that that was the |
design congress had in view when they
made the interest payable quarterly? Not |
at all. 1t enabled the bondholders to re-
ceive that interest four times year, and |
to compound 1t by losniDg 1t to the peO- |
pie. The effect ON the government in
point of convenience Is a mere bagatelle;
1t amounts to nothing. The same vouch-
ers have to be kept, the same vaults are
there, and more clerks have to be en-
ployed.
Mr.. Pound-It saves interest to the
government,
Mr.. Weaver-How does 1t save inter
estP will yield to the gentleman to
point out how it saves single cent of in
terest to the government. Explain now;
1 will give you all the time you want.
Mr.. Pound-The gentleman is making
his own speech, l will not interrupt him.
Mr.. Clafln-We know that we receive
the income weekly and monthly, and
when the government has received three
months money into the treasury, then 1t
is cheaper to pay 1t out than keep it for
six months.
Mr.. Weaver-Does that save any in
terest?
Mr.. HASKELL will answer the ques-
tion.
Mr.. Weaver-I will yieldto the gentle
man.
Mr.. Raskell-The market quotations
of all stocks and all bonds for one hun
dred years will show that bond with It's
interest payable semi-snnuslly Is worth
more In the market and can be sold at
par and at a less rate per cent interest
than one In which the interest Is payable
only annually, and If payable quarterly
you can sell the bonds still more and at
less rate Of interest.
Mr.. Weaver-The gentleman'S argu-
ment destroys itself. Why do bonds sell
for higher rate In the market when the
nkaraak la nnuahla nnartarlu9 For Ahn
The advocate., 1892-07-20

bonds, and l believed the story so pr0V0
lent on the Republican stump that It was
the love of the bondhOlders for the dear
people that made them willing to sur
render the bonds; but when l began an
investigation Of the matter and saw that
the bondholder received in this way
more interest than he received before,
then 1 saw the cloven foot of the con-
spiracy sticking out, and no gentleman In
the house and no gentleman on the
stump has been able to cover 1t up. ZAP
plause.
Not only did they intend to put the
bonded debt into condition in which It
can never be paid, but 1t was with an ul-
terror design, and l call the attention of
the Republican members who may fol-
low me to the fact, that it was the ul-
terror design, after having placed the
bonded debt of the country in condi-
tion in which it could not be paid, to
make the present national banking sys-
tenn of the country, based upon the
bonded debt, the great moneyed mo-
nopoly for all time to come. proceed
to prove it.
The comptroller of the currency, in
his report for 1876. uses this language:
It was shown in the report, form the dis
cussion in congress at the time Of the pass
age of the legal-tender act, from the re-
ports of different secretaries of the treas
ury, and from the uniform legislation since
that time, that the national banking system
was intended to be permanent, the institu-
tions organized under it being by the ex-
press terms of the law authorized to con-
tinue for a term of twenty years; while it
was equally evident that the treasury notes
issued and still in circulation were intended
to be funded.
Now, if the national banking system
was intended to be permanent, then Of
necessity the bond system must be per
also, for the former rests upon
the latter. II you pay off your bonds,
what becomes of your national banksH
You cannot have national bank without
bonds. II the banks are to be perma-
nent, the foundation must be permanent
also. Hence you have engrsfted upon
this government, as another step In the
great conspiracy, the system of perms-
nent national banks and permanent ma
Eonal debt, the banks resting upon the
lebt; and from the law of self preserva-
ion, If for no other reason, these corpo-
'ations will forever exert all their power
'ul and consolidated influence to keep
alive the system. To enable them to ef-
ectually do this the laws of congress
lsve placed in their hands absolute con-
rol over the volume Of our currency.
Mr.. sspp-Will my colleague yield to |
ne for a question:
Mr.. WeaVer-Wlth pleasure.
Mr.. Sapp-Is not the existence Of
very national bank in this country
United by lawH
Mr.. Weaver-When the bank act was
passed 1t provided that national banks
hould be chartered for twenty years,
md the circulation was limited to 1884,
100000. But your resumption act of
875, provides that there shall be In this
country free national banking and un-
United national bank Issues.
Mr.. sapp-But does the gentleman
'retend to say that the free national
'ank law allows the national banks to
xist without limitation as to timer
Mr.. WeayeF-No. theY are still char.
The advocate., 1892-07-20

tleman understand thatP AS the law
now stands they are about as perpetual
as the human family. The Almighty
says that the days Of a mans years shall
be three score and ten. Was It the in
tention that at the death Of my friend
the human family should ceaseP [Great
laughter. Not at all. One national
bank will be chartered to-day and will
die next year, or In due time, and then
another will spring up. AS 1t Is written,
abraham begat Isaac, Isaac begat ia
cob, and Jacob begst twevle sons"
Mr.. Townsend, Of Illlnois-And the
new national bank will have the same
stockholders as the deceased bank.
Mr.. Weaver-It the gentleman says
that there is a Limitation to the national
banking system, then he must hold that
the system Ia no. designed to be perms-
nent, but to be temporary. Why not,
then, wipe It out now?
Mr.. Sspp-I say that It would be con-
trarV to the interest Of the people to
wipe it out now.
Mr.. Weaver-Then you want 1t to be
permanent?
Mr.. sapp-I am answering your ques-
tlon.
Mr.. Weaver-Do you want 1t to be
permanent?
Mr.. sapp-I will answer that question.
Mr.. Weaver-Answer il now.
Mr.. Sapp-I will.
Mr.. Wesver--AnSwer my question, yes
or no.
Mr.. Sspp-I want our national bank
issues to continue as long as they will be
Of public utility.
Mr.. Weaver-That does not mean any
thing.
Mr.. Sapp--Yes It does.
Mr.. Weaver-I would like to know
why 1t Is of public utility now more than
1t will be twenty years from now.
Mr.. Wilber-I would like TO ask the
gentleman why he would discontinue the
national banksY
Mr.. Weaver-I will tell you before l
get through.
Mr.. Wllber-That is what would like
to know.
Mr.. COnger-Will the gentleman allow
me to ask him question?
Mr.. Weaver yield to the gentleman
from Michigan, of course.
Mr. Conger-I wish to ask the gentle
man what necessity there is for bonds to
the very existence of national bankY
understand the gentleman to say that ma
tional banks could not exist unless bonds
were also in existence. Now, 1 want to
know III national bank needs bonds at |
all for It's existence?
Mr.. Weaver-It does.
Mr.. Conger-Howp
Mr.. Weaver-The law requires bonds
10 Re deposited before starting a ma
tional bank.
Mr.. COnger-For WhatY
Mr.. Weaver-To secure the circulation.
Mr.. Congsr-Ah; but the existence OF
\ bank does not require the existence Of
bonds.
Mr.. Wesvsr-A national bank without
circulation is like q human being with
out q soul. There are no national banks
without circulation.
Mr.. Conger-DoeS the gentleman say
hat?
Mr. WesVer-None that l know of.
0oaa tha Oanklaman knov of anvY
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25


II Cleveland docs not get the nomination
at Chicago we believe the Democratic par
ty will be beaten. Hill cares nothing for
the success of the underlying principles of
democracy. He cannot command the re-
spect and confidence of the people at large.
lie has shown teo clearly that he is polit-
ical trimmer. His nomination would be
playing right into the hands of republicans
Cleveland is and has always been honest.
In all his administrations as Governor and
President he did nothing to promote the
ends OF political ambition. His Office was
held and its duties discharged under the
abiding conviction that it was public
rust. lie Is safe honest man and ought
o be nominated i'll spite of New York, and
ts trough politicians.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25
OFFICE OF COUNTY COmmIssION-

H-Hny gentleman wants to be county
commissioner let him send in his name and
five dollars to the SENTINEL. The Attor-
ney General does not know whether there
is any law now for.the election ofscounty
commissioners. If he does, he would not
tell MIR. Blease of Newbcrry. The SENrr.
MEL knows that the law on this subject
STANDS just as it was, before the repeal of
eecuon ~ in article four of the constitu-
uen. II we had nosconsttution at all, the
statutes would remain of force till they
were repealed by the Legislature. The
people cannot make laws at the ballot box,
neither can they unmakc them. So the of.
fcc OF county commissioner still presents
iself to the people, flaps its wings and
crows. No offices have been abolished
We need thcm..in our business.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25
THE ROAD LAW.

The road law never has been right. The
more roads we have the more glaring arc
It's defects. We will keep on quarrclng
about it till the roads will be let in sections
TO the lowest responsible bidders, just MS
bridges are now built and repaired.
The new law requires hands to work on
the roads eight days in each year and eight
hours in each day. The ovcrseer must
make return under oath that each
hand has done this. If the sworn return
OF the evcrseer shows any one delinquent
he is to be promptly prosecuted.
There is no way of escape from this cn-
torcd service. The communication road tax
Tor this county has been abolished.
The commissioners have authority to Or
der out hands to open new road, who
live within three miles of the line of said
road.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25
Stamping Letters by Machine,


tirst Assistant Postmaster General Whit.
reid has adopted a unique cortrivancc to
be used in postOlliccs of the first class, talk
ing the place of postoiliccstampcrs. They
have been placed in several postoifices in
the north and seem to give gcuela. Satis-
faction.
The machines will cancel and postmark
about 1000 letters an hour, or do about the
work OF ten men, and al the same time it
takes up no more space than one man
would. Letters Of all sizes are placed in
chute, and spring feeds them into the
staiDpcr, which cancels the stamp and then
stacks the letters ready for sorting. An
other improvement is that the time on the
face of the postmark will change every
minute by an electrical connection with
clock. Under the present system the time
mark is changed only every half hour. One
OF the new machines is used entirely for
stamping letters collected from street box
cs. In this way the postmark will show
the exact time letter was received as well
as how it was received. The machine is
operated by electricity.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25
A. 3. William
SAYS HE WON'T.

We do no: intend to be profane. We
only wish to express fact in the strongest
and plaincst English. The Grccnvillc
News with all its belongings would go to
hell and stay there forever before it would
help in any movement to elect or defeat
anybody by boiling n democratic nomna-
ton in South Carolina or joir with radicals
to defeat democratic nominee. We
mean every word of it. 1t would be bet
ter That all newspapers should perish than
that the State and her women and children
and men be given over again to the indie
scribabe horrors Of the black rule. -Grcen-
vile News.
The SENTINEL agrees with the News in
most of the above. We respectfully move
to amend by striking out "hcll," and inser-
ting in lieu thereof the word "dickuucc. -
1t does not look much like there is going
to be fight, but if there is it must be in
the party lines.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25
TEE FINAL ARBITER.

The newspapers and Office seekers are
having o parrot and monkey time over
platforms, policies and politics. 1t has
been this way ever since the republic was
organized. 1t makes no difference what is
donc:or adopted, what is left undone or re-
jectcd, there is always some people left to
;ay: ''The time is coming. Things can
lot remain this way and that. There is
going to be tremendous revolt" Revolts
iave been coming and going for more than
hundred years, but il is alwaysthc aleg-
d politicians who are ON top. The final
rbiter of all these conflicts is the people,
he voice of the people Is not unanimous
Or any one thing, but in most cases the
lajority rules. Let every man do his best
,nestly to have things his way. Rejoice
you win, quitely submit If you lose.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25

We publish the preliminary poll for Gov
crnor obtained by the Grccnvillc News. 1t
shows that his Exccllency is still holding n
good grip for the next term. lie would be
doing better by far though if he would do
as well as he knows. ", is continuing to
play to the galleries at the expense of the
taxpayers. His incxorablc war on corpo-
rations is cut throat policy. A just, fair
and equitable administration of the tax
laws is the best thing in any state 10 stimu-
late industry and development. 1t encour-
course will produce stagnation and impov-
crish the State by driving away capital or
keeping it hid. The opposition to him is
born of necessity.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25

Those good citizens who are not for GOV
:rnor Tillman arc obliged to be against
aim. We have looked the whole field over
carefully, and we sec no good reason for
giving him another term. His friends
claim that opposition will help to re elect
him.. This may be true. If so, all right.
II the opposition is fair and helps TO elect
aim, it will also aid him in being better
Governor. The call for the March conven-
ion is the swell of tac great conservative
leart Of the people. 1t would not be prop
'r but for the breakers ahead. If i. does
nothing else, it will irrevocably commit its
supporters to the election of whoever NAV
De named for Governor by the next State
convention. 1t is good crowd. # they
stick to their pledges we will stick to
Lhem
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25
SIleriH'S S0le.
NTATE OF SOUTH CAROLINA
Gnnntu nf DinEnnn

CTATE OF SOUTH CAROLINA,
~ County Of Pickens.
BY virtue of an execution from the
Court of Probate at tho suit of Car
oline V. Rowland vs.. Whitner Sym
mes have levied upon and will sell
to the highest bidder, on
Saleday in March,
next, during the legal hours for sale,
the following described real estate,
to wit:
All that piece, parcel or tract of
land situate in the county and State
aforesaid, on waters of Fifteen Mile
Creek, adjoining lands of f. V. Clay
ton, w. V. Clayton, Whitncr Symmcs
and others, containing sixty COY acres
more or less. The land is sold to
satisfy the above execution.
Terms cash. Purchaser to pay for
papers. II. A. .RICHEY.
Iieb' Sheriff Pickens County.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25

The following remarkable yarn is told by
a Gardner (Mc.) sportsman: He was
shooting on very cold day, and just as he
was about to return home he was confront
ed by big catamount. While loading his
gun he found, after he had put the pow
der In, that he had no bullet. Beads Of
perspration stood out on his face and
frozen IKE hail stones as they dropped to
the ground. Scooping up handful he
cropped them into his gun but the barrel
being hot they melted. lie fired however,
and stream of water that issued forth
was frozen instantly into an icclc, which
penetrated the brain Of the catamount.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25


The following lines were written IN low
ing remembrance of Rev. s. X. Riley, who
passed into rest, January 9, 1891:
One year ago, those faithful hands
-. Were gently folded on the breast.
those feet that stood, 80 beautiful.
upon tho mount, were laid to rest:
Those lips that told of heavenly thincs.
were mute as harp with broken strings.
One year ago we laid you down,
1t was dark and cheerless day,
The heavens wept with us pityinply.
Earths grace and glory fled away.
NOW many loving sun has woed
The flowers to brighten your abode.
Ono year ago, in bitter grief,
We bowed the shoulder to the cross.
And every day would but repeat,
Ana tell more plainly of our loss.
an! we have wept and toiled and strivcn,
"hlle you have been one year in Heaven.
one year in heaven! we pause awhile
~, AND try to think what it maybe;
Inc cleaning walls, the shining streets.
The Tree of Life, the crystal sea,
Then softly sigh with vain regret
10 know we arc no nearer yet.
Could you but put the vail aside,
| 80 S'i''S ioNSD, ioNCll dCCcDlS say
That you have watched US all the time
AND were not ever far away!
Could you but tell us how you spend,
those golden days that never end!
Can there be JOY in heaven itself,
When you have heard our lonely cryl
When you have seen the storms that sweep.
The clouds that darken all our sky?
All! yes, God shows you when the light
so soon shall break, and chase the night.
We love to think, as some have said
| That those who have been called before.
Are sent again to minister,
-, And guide us to the heavenly shore.
TO guard our feet in pathways lone
Lest we should dash them 'gainst stone.
If 1t be so, VIC cannot tell;
-, We only know our God is good;
The sep rrati)ns, bitter tears,
And all things shall be understood.
when swift the summons have been given,
And we shall spend our years in Heaven.
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25

Those who cspouse the cause of the con-
scrvativcs on the McCrady platform, may
expect all sorts of abuse from the extremists
on both sides Scvcra! volleys have already
been discharged from the opposing camps,
by such of their out posts as are equipped
with brecch leaders. Both overshot their
target and dropped their missiles around
each others campfircs. Our men will please
''trust in God ant keep their powder dry."
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25
EDII Tell.

TO sec how little the old New England
grandmother thinks when you are reading
to her. | read the following to an old
New Bedford woman from the Boston Her
aid. Holding the newspaper bottom side
up commenced
Last night, yesterday morning about
one o'clock in the afternoon, before break
fast,a hungry boy about forty wears old.
bought big custard for levy, and threw
through brick wall nine feet thick, and
jumping over it, broke his right ankle off
above his left knee, and fell into dry mill
pond and was drowned. About forty year
after that, on the same day, an old cat had
nine turkey gobblcrs; n high wind blew
Yankee Doodle on a frying pan, and killed
SOW and two dead pigs at Boston, where
deal and dumb IVA" was talking to his
aunt Pctcr.' w ".
taking a long bre
"Du tell"
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25

The Journal Says the SENTINEL is "stil
lnhingcd." The SENrlNRL hopes to re-
main 50 i'll the sense that it turns and does
about on its own hook. The journal is
hinged and if it don't talk up little
stronger for Governor Tillman, and, say a
reap morc!naughty things about tho SENrl-
MEL it will be "unhingcd."
The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1892-02-25
BB"Tclcphone Nos. G4 and 3S.
NOn-HkpSiICnt SUnu,nNuS

GTATE OF SOUTH CAROLINA,
- COUNTY OF PIcKENs.
Court of Common Pleas.
Richard A. Hester Plaintiff,
Against
Evclinc Barker and The Gciscr Manufac-
turing Company, Defendants.
Summons for Relief
TO the Defendant, The Geiscr Manufac-
turing Company:
You are hereby summoned and required
to answer the complaint in this action, of
which y copy is herewith served upon
you, and to serve Il copy of your answc
to the said complaint ON the subscriber at
his office, in Pickcns, S. c., within twenty
days after service hereof, exclusive of the
day of such service; and if you fail to an-
swcr the complaint within the time aforc-
said, the plaintiff in this action will ap-
ply to the court for the relief demanded in
the complaint.
Dated 9th February, A. d., 1892.
j. M. STEwAEr, G. G. p.
JULIUS +. BOGGS.
Plaintiffs Attorney.
TO the Defendant, The Gciscr Manufact-
urirg Company:
Take notice that the complaint in this
action was filed in the office of the Clerk
of the Court for the county of Pickcns,
on the Jth of February, 1892.
JULIUS f.. BOGGS,
fcDllWO Plaintiffs Attorney.