davidaulloa/AmericanStories huggingface dataset:
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
H SITUATION.

Every day for two months has been
a "Black Friday" from a financial
standpoint. Every intelligent business
man in the country is now fully o
WINGED that reform is necessary, and
that it is the kind of reform the Ali
ance has been asking for all the time.
1t is hard to tell just when or how
the trouble will end. Our farmers
have been the bottom rail up to this
this time and will suffer much yet, but
other people are now being brought to
their senses. Farmers must prepare
to live within themselves for some
time to come. You cannot afford to
buy much and should buy nothing
that can be raised on the farm. The
great reform movement is going for
ward and every Arianceman can take
new courage. Let us all push forward
faster than ever. All our friends are
requested to make special efforts to
put The PROGRESSIVE FARMER in every
home. It will be loaded with good
matter and now is the time to reach
the hearts of those who have been
against us and to strengthen the luke
warm
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
WAS 1T HONEST BANKING7

The Messenger gives US q long &C.
count of a meeting in Wilmington last
week of the creditors of the late Bank
of New Hanover, defunct. In this
meeting Mr.. Jno. D. Bellamy, attorney
for some of the creditors, made a start
ling statement, which went uncOntro
verted He said that owe $500, coo
had been absorbed by the Cfficers of
the bank and other relatives; that the
firm to which H. Vollers, a director,
belonged, owed the bank 1929, 0S4 So;
that w. L. Parsly, son-in law of a di-
rector, owed the bank $136, 500; that
the Wilmington Compress Company,
in which some of the banks officers
were directors, owed the bank $81, 900;
that the New Hanover Transit Com
pany, of which the banks officers were
stockholders, owed the bank $50, coo;
that Isaac Bates, the President of the
institution, was debtor to the tune of
$41, 900; that W. L. Smith, the Cashier.
was behind in his account $23, $50, and
that President Isaac Bates partner in
the rice plantatiUA-0wsd $14, 900. The
aggregate Of these sums is $5I4}494 IS.
1t is said that there is great dissatisfac.
ton on the part of the creditors in the
appointment Of the receiver. They
They contend that Junius Davis, the
banks attorney, should not have re-
ceived that appointment; that some
disconnected and disinterested person
from some other portion of the State
should have received the appointment.
The whole transaction shows up in a
bad light. The directors were either
dishonest, incompetent or criminally
negligent in the discharge of the duties
imposed upon them in their selection
to such a responsible position. In
either case they are c%ensurable.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
EXTRA SESSION CALLED.

Late Friday afternoon President
Cleveland issued a proclamation call
ing the extra session of Congress to
convene on the 9TH of August instead
of the first week in September.
During the past week or two the
chambers of commerce in various
cities, also other business organiza-
tions, have petitioned the President to
appoint an earlier date for Congress to
assemble, giving as a reason that fnan-
cial pressure is too great to allow a
longer delay. The call is a calamity
howl of the worst kind. No particular
is outlined, no suggestions are
made. However, the President will
probably issue a special message to
Congress at the beginning of the ses-
sion. Now let us all hunt up our old
pocke5 books and get ready for good
times and less money, for the Sherman
law will be repealed.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
THE LEADING ISSUE.

It is wonderful to notice the cbanoo,
that are going on. The political pane,,
are almost unanimous in saying that
financial reform sis the leading ISSUE
But what sort of financial reform Ara
they clamoring for? For the repeal NJ
the Sherman purchasing law which in.
creases the circulating medium mora
than 50, 900, 900 per month. Whentbst
is repealed there will be no market fm
silver. One of the leading industries
Of the great West will be cut off, leav.
ing many thousands of people without
employment and reducing the ALREADY
largely inadequate supply of money
almost nothing. The gold bugs will
then be satisfied Business failures
will be doubled and trebled, factorig
will close, farm produce will fall one
third lower in price, merchants cannot
sell their goods, people now able topay
only the interest on their mortgages
will no longer be able to do even that
tenants cannot pay their rent, the col.
lapse will be complete. The very rich
can then gobble up the farms, the
buildings, the factories, the stocks and
bonds. Gentlemen, that is the object:
that will be the result.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
MORTGAGES IN OREGON.

The per capita Indebtedness of Ore
gon is $73, being less than in most
Northern and Western States. From
1880 to 1890, 81, 923 mortgages were re
corded, representing a total debt Of
SCI, Az, 158, 81 Is per cent. on farms and
35, IS per cent on town and city lots.
On the first of January, 1890, the
total real estate indebtedness was $22,
$685. 37, SO II per cent. being on farms
and 1929 per cent. on town and city
The average debt on farms for ten
years has been 81, O53 on each farm and
81, 262 On each lot. The rate of interest
ranges from eight to ten per cent.
South Carolina has more than three
times the population of Oregon-almost
four times. The debt of Oregon is
nearly five times as large as that of
South Carolina. Inround numbers the
people Of Oregon are about thirteen
times as much in debI as the people of
South Carolina, in proportion to pOPu,
lation. Friends will you allow the
story about cotton raising running the
South to influence you any longer.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
WHAT THE EXTRA SESSION IS
FOR.

a. good many people are asking what
an extra session of Congress is called
for. Every one agrees that something
ought to be done, but what will be
done9 We have a straight tip in this
matter and, will tell our friends Owing
to an overproduction of farm products
and money, in order to prevent a
financial panic and starvation, the
administration believes all kinds of
labor and money making ought to be
stopped for a few years. During this
period we a eat up and waste the
surplus food and money. Congress
pirate $500, 600, 600, 600, OOO, 0eO, 900 to
convert America into a vast game pre-
serve. While the people are resting
a bit they will need some exercise and
the time will be spent in fishing and
hunting. There will be picnics and
balls in every locality, daily and free
excursions On all railroads. Every
family is expected to spend a portion
of each summer in the mountains and
at the seashore and the winters in
Florida. While the old folks are dis
cussing the good times ahead the chill
dren may put in their time chucking
silver dollars into the ocean, as there
will be no schools in operation. No
taxes will be collected as the people
have been paying thirteen million dol
lars a week in tariff taxes for two
years, which sum will pay all expenses
of the Government. Officials, National,
State and County, will not draw their
salaries for four years. 1t is thought
that in four years the surplus crop and
money can be consumed and thrown
away and then we will have a season
of prosperity such as the world never
saw.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
THE A FAIR FOR 1893.

We have received from the Secretary,
II. w. Aver, a copy of the premium
list for the State Fair of 1893. 1t is a
more artistic publication than ever
before, being embellished with hand
some illustrations Of North Carolina
scenery, agricultural and fishing indus
tries, &c.
The list has been thoroughly revised
especially in the departments in which
ladies are interested, andt the premiums
are very liberal. The usual star pre-
MUM of fifty dollars in gold is Offered
for the best exhibit made by a LADY
resident of the State, with a second
premium of twenty dollars. There d
also a premium Of fifty dollars for The
best display of any kind in the man
exhibit building. Fruit growers and
poultry fanciers, as well as Others, VIII
find the list this year very interesting
Anybody can get copies by applying
to II. w. Aver, Raleigh, N. G. Ever!
body should have one.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
WHERE DOES 1T LEAVE Us7

Last week, in order to encourage
Wall street and the go1d-bugs in this
country, and to help them kill the
Sherman law, England brought her
power to bear upon India and secured
the characterization of the rupee, which
stops all the minis in India and Eng
land, so far as silver is concerned, and
the rupee must be redeemed in gold.
This action, it is conceded by wise
heads, was brought about to influence
our government and force us to cease
the purchase and coinage of silver. IF
this can be accomplished then England
has the whole civilized world at
her feet. Why do we say this3 We
say it because England has monopoly
of gold, and gold is to be the worlds
money. Let us investigate a little.
The Report of the Director of the Mint
for 1892, page so, gives the supply of
gold (coin and bullion) in the United
States at $649, 5000 Jan. 1, 1898.
Since then the export balance against
us of this metal is more than $50, 0O0,-
900. This shows that we have now not
quite $500, 600, coo in gold in this coun-
try. The balance of trade against us,
says Hubbard, Price & Co., June q,
is 1921, 400, 1913. This must be paid, and
since gold is demanded, gold must be
paid. Subtract this and we have left,
after this balance is paid, only 1898,
1884, 92. For good me asure say $500, O00,-
600. The characterization of therupeein
India will require 977, 600, 900 sterling,
or $685., 600, 600, which will have to come
and England being interested, will pro
cure it. England holds gold securities
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
A CLEAR STEAL.

The Washington correspondent Of
of the New York Herald ~telegraphei
that paper as follows on the 225:
Secretary Carlisle directed Treasu
rer Morgan to day to anticipate the
payment of the July interest on the
four per cent. United States bonds and
on the Pacific Railroad bonds. Checks
in payment of interest will be sent out
as fast as they can be prepared. Hold
ers Of four per cent. coupons due July
1 may therefore present them for pay.
ment without rebate, and owners Of
the checks for interest may have them
cashed as soon as received.
''The total interest on both classes Of
bonds aggregates 81, 534, 900, of which
81, 900, 900 is for the Pacific Railroads
bonds and s., 634, 900 is for the four per
cent. bonds. This action of Secretary
Carlisle is taken to relieve the tightne8s
in the money centres"
Thus Secretary Carlisle steals the il.
terest for seven or eight days from the
government and gives it to the holder
of United States and Pacific Railroad
bonds. The amount of interest paya
BILE semi annually)for one week is near
~ $780, 900. Secretary Carlisle makes
a free gift of that amount to the bank
ers holding the bonds. And this is the
sort of reform the present admini8tra
tion is giving us!
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
NATIONAL BANKS HAVE DIMIN
ISHED THE CIRCULATE
ING MEDIUM.

Since the first national bank was
organized up to October 31st, 1892, the
total issue of their notes
has S1,oS9'9 1872 2e3
There has been retired ...,.......... l,52I,404,'o4
Amount unredeemed. ...""".... 17s,O56,9Sl
Deduct from this the amount then
held in the treasury, of lawful money,
with which to redeem outstanding ma
tional bank notes, $25, 191, Os3, and the
amount whichis estimated will never
be presented for redemption onaccount
of losses and destruction by fire, ETC.,
So 500. 600, and we, have only $13S, 345,-
8s8 actually added@to the circulation
bv the national banks. Now for the
other side. We find in the same cfi-
cial report that on the same day the
national banks held in reserve $4O8,-
O65, FAB, and had a redemption fund in
the treasury amounting to 81, 139, 564.
Add these two items and we have
Out OF irculation 10 5V9'9 3
In circulation. to0iof''0O0
Balance against the banks .......... $276,859.4o9
Thus it appears that the national
banks have reduced the circulation So
where they have added but 81.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
WHICH SIDE ARE YOU oN2

If the present financial troubles 1
caused by want of confidence" then
the present financial system must O'
based largely on confidence. The peo
pie want something better than unesF
tain and shadowy confidence, the!
want a financial system based on casn
the money power and newspaper
politicians which belong ID then,
at that and say that it IS WV
ana visionary and unsafe. Wbichsl'
areyou on2-G oId8boro Caucasian
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

make the repeal of the Sherman
doubtful, if not impossible Law
Still further proof:
The above was in type before Il.
feFan extra session was issued Usl
call was telegraphed through assoo Lie
press last Friday night and annna
in Saturday papers. In conn"a ated
Herewith the following Statement"
1.-THE proclamation was iso,1o5
o'clock this evening. The Proa;Ss az 6
had left directions for the issnoDUuent
the proclamation before his dnnnste Of
for Gray Gables. His determGiaacItqlre
to call the extra session the frot aNOn
in August instead of the first Wv %Ieek
September it is understood, veS u
definitely arrived at at this morpi Uniy
cabinet session, after giving full wo;H8
to the numerous kilograms reoe oi6nt
from all parts of the country lived
thecause. Another considerable IS, s.
caused the President to chance his " So%l !
WGS foTeshGdOWed IN the remark , n'oGa
By one Of has cabinet officers faro % JIoe
ago thdt If the President receirod "ays
SOpG6Le assurance tbat there vn r'a'
Likelihood Of the prompt repeal of ~ q
so called Sherman SilUer purchase 1c "s
he might be disposed to cali C0no %n,
tGqetbeT earlier than he had unno1SSoo%SS
1t is inferred from the fact that '' ~,
President has done so, that he co NV
SiderS that he has obtained the nao',.
mo he desired. - NOO"''
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
n. r. 2. A.
EDITORIAL NOTES.

r. Frank Powell, of North Carolina,
has been appointed special agent OF
the General Land Office.
- Bro. R N. Wynne, Lemay,
Wake county, laid a cotton bloom
on our table on the morning of the
both ult.
- Rev. J. P. Mason, a prominent
Baptist minister, died at his home near
: Chapel Hill, Sunday, June 25th. He
has besn in feeble health for several
years.
Bro. J. F. Brinson, late of Pam
-lico, now residing at Morehead City,
will deliver an address to the Carteret
County Alliance, which meets at New
port on July 18th. Let all who can
hear him. Agood meeting is expected.
Bro. S. II. Tyson, Jr., Secretary
of Saratoga Alliance, Wilson county,
writes to State Secretary Barnes:
@Please send blank applications, our
Alliance is growing rapidly now. Have
had abouttwenty-fve new applications
lately" This is a sample of what is
going on throughout the State.
- Mr.. Peele has another article
touching upon the history of the A.
and M. College in this issue. AS there
is no desire to take from or add credit
to anybody, readears car be the
jury and decide the matter. All the
friends of the institution were equally
Jealous and deserve special mention,
The points we made are a part of the
history, and we give MI. Peele and his
associates the privilege of ~disagreeing
with us and claim the sameright.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
THE STATE BUSINESS AGENCY.

Every conceivable evil that the devil
could inspire into the hearts and heads
sof those who would destroy the Alli-
ance in this State, has been devised,
and wicked tongues and mean hands
and feet willing to run to do mischief
at the bidding of their master, the
devil, have been active. Every agency
that they could devise, manipulate or
control has been put into active opera
6ion and worked to its full capacity,
with the sole object in view Of destroy
ing our Alliance organization, espe-
cially the Business Agency arrange
ment. Our brethren have been put to
she test. Many have gone back, but
many more have stood the test and
have proven themselves worthy in the
.severest crisis that has or is likely to
EeRe upon us. In this connection we
are pleased to be able to lay before our
brethren some facts, which ought to
inspire our confidence afresh, renew
zeal and awaken us to activity in
the work. The trade of the Agency
has bnpn.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
MORE CALAMITY HowLING.

Every week there are at least 1000
failures in North Carolina-failing to
get office. Mercury.
Bro. Click, you should not howl ca
lamity. 1t will create a lack of con
fdence."
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
GoLD-HoW MUCH AND WHERE
1T is.

-
Taking the Comptroller of the Cur
rency for authority, we find in his re-
port for 1892, that on September 30th,
1892, there was in the national bank
vaults of this country $173, 932, 1873 in
gold, coin and bullion, and that it was
distributed as follows:
North of the Potomac river and east
m Of III the 9s o go3tb bing' State. -O Sc s. ia
In the rest of the country..,.."'.,. o4,OS0 90
Making the total. ................$ 7~3,932,133
Now taking the Report of the Super
intendent of the MINIS for the same
year we find on page so a summing up
of the amount of gold in the country,
and the figures, including coin and bull
lion, and what was in the United States
Treas ury January 1st, 1898, the result
shows the total amount
The amount in the treasury, was .ao
bullion. od,oZoooO oo,o 80 q
Outside the treas. only $4l1,29 1888
Surprising that this gold, outside the
treasury, is distributed throughout the
country in the same proportion that
we find it in the national banks, we
find it distributed as follows:
In the . S. Treasury. 8,489,O82
North of the Potomac. 246, 40, ~
10 SOutht IN stats NEUTRALITY-SUSPICIOUS.. ~17,ZIE,Z0I
Balance OF the country. l5l,56e,6lO
Total coin and bullion in the U S.. $649, 788,U2O
The government actuary estimated
the population of the United States,
June 80, 1892, to be 65, 593, 900. The
following table gives the population of
each section and the gold per capita in
each outside of the treasury:
Who'll. oou.+rr PS q 1as 10 Gold PEI capita.
North of Potomac, 1~9,58S,0OO 12.58
Bal. of the country, 48,OO5,0 GOO 3.58
ID Southern States, 1S,9l9,OCO II
Where is the man, south of the Po-
tomac or west of the Pennsylvania line,
who can look these facts in the face,
and remembering who it is that holds
our whole South and West under mort
gage, can advocate a complete reduc-
ton of our circulating medium to a
gold basis2 No honest sane man can
do it evidently, unless he be an agent
for the Wall street ~plutocracy and is
willing to see the whole country re-
.duced to abject and irredeemable
slavery, n cents per capita in the
whole South Just think of it. The
South and the West have filed the
Northeast with their city, county, State
and railroad bonds, and it would take
every cent of gold in the South and the
West to pay one years interest on
these bonds and their mortgages.
This would drain us dry and leave
us without money and without in
dependence, a completely down
trodden and ruined people, without
pride or patriotism. Will our people
submit to it9 Will our Congressman
fall in and vote with those slaves of
plutocracy from the Wall street coun-
try because to oppose would be like
''darting straws against the North
wind?" or will they cease that foolish
ness and stand up like patriots and
fight for their homes and their loved
ones, like patriotic representatives of a
brave and patriotic people9 We will
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

In writing to anybody, always be
sure to give the OF your p~ostofice,
and sign your OWE name plainly.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

Do you want your paper changed to
another Offices State the one at which
p have been getting it.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

-LOLaL y II = ''WA1EOvlOAo'VE
1t will be readily observed that for
the ten months since August 1, the
zra1le has been $7,675.53 more than it
syae Tor the whole of the year ending
August 1, 1892. To those who love our
Dld,r Ills showing is enough to make
hears lolp with joy, thank God
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

R- OurGriends In writing to any of
cur advertisers will favor US by men
tioning the fact that they saw the
advertisement N THE PROGRESSIVE
FARMER.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

lam standing no1O Just behind the
Acurtain, cseg IN full gloaU0 the coming
sunset. Behind me ar the shadows on
the track, before me lies the dark GALLEY
and the riUer. When I mlingLe 1Citb ITS
dark uuters I Cunt to cast M Iinger-
Gnq look upon q country tChOse govern
snent IS Of the people, for the people,
and by the peOpIe."-L L. Polk, July
18th, 1890.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

- The dats On your label tells you
when your time is cut.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

The Progressive Farmer is the Official
1OrqanAfthe N. c. Farmers State Alliance
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04
RALEIGH, N. G., JULY 4, 1898.

fgh{s popsr entered as secosd-eIdss matter ut the
P0et 06Ice S1 Raleigh, a. G.
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

Taking the Comptroller of the Cur
rency for authority, we find in his re-
port for 1892, that on September 30th,
1892, there was in the national bank
vaults of this country $173, 9S2, 1873 in
gold, coin and bullion, and that it was
distrihuted as follows:
The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-04

Total coin and bullion in the U s.. $649, 788,U2O
The government actuary estimated
the population of the United States,
June 80, 1892, to be 65, 593, 900. The
following table gives the population of
each section and the gold per capita in
each outside of the treasury: