davidaulloa/AmericanStories huggingface dataset:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03

worth but little more than bullion
of the same weight ami fincaess,,.
and when gold Is shippal from ono
country to another to pay SPECIALIZED "5al-
ances of trade" the st,mo of tn, rich
est nation on earth c)ants for Just moth
ing. Every coin then goes according to
its Weight and fiaeness.
Very well,'' YOU reply; Suppose all
this is true; it only applies to gold.
Doesn't the stamp or fat OF goveras-
ment make % cents worth OF silver pass
for dollar. or even a worthless pieeeiof
paper circulate at whatever value is
stamped OH its face?"
On, no; ii is neither the stamp, nor
the "hat" that does it, but something
else entirely. Here is the real reason.
The government accepts this silver and
paper at its face value in payment sof
duties and other taxes, and all public
dues. This Is tue cause of their clrctr-:
lation at par.
On the greenback is printed state
ment that the government will not re-.
ceive it for certain taxes. From lS621o
1879 it would not, and all that time the
greenback was below par: it did not
circulate at its face value.
On Jan. l. 1879. the government De-
gan receiving greenbacks at their face
value for all dues, ana at the same time
agreed to redeem in gold any that
might be presented for such redemp-
lion.
In other words, two different methods
were adopted for redeeming the green
back. First, to redeem in gold on pres
entation. Second, to redeem in tax re-
ceipts that is, to receive the greenback
fENr Ol AL Al
Ond method is just as good and perfect
redemption as the first. In fact, gold
redemption was seldom demanded until
a little over three years ago. The rea-
son for the great demand for gold re-
demption during the past three years
and half | will explain in IL future
article.
On the other hand. the real and i'm
portant redemption of the greenback is
In The fact that they are daily received
st the treasury for all dues TO the gov
eminent.
Our silver coins circulate at their
nominal, instead of their market,
value, tor the same reason. They are
received for all government dues at
their face vaine, just as the greenback
is. The silver il! the coin does no good.
In fact, it is Il hindrance. 1t makes our
currency heavier, more bungllng and
clumsy, and far more expensive.
Thus we see that the stamp or ''6at''
is worthless. The government might
stamp and ''fiat" till doomsday, and if
1t refused to receive for taxes, or other
wise redeem the thing it had stamped,
the value would not be there.
On the other hand, if the government
should receive for taxes or otherwise
redeem paper stamped by any private
citizen. such paper would pass at par.
Not the stamp nor the fiat" but IRE
demption" of some sort is what makes
all our paper and silver circulate.
This truth clearly understood will
save us from many errors.
In the next paper l shall try to find
out just what is the nature of our green
backs and other government issues.
G.. j. BUELL..
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
Sa YEanS
SALTWATER NEWS.
County Commissioners Hold Their
First Meeting.


First Meeting.
The board of county commissioners
met yesterday, and, this being the first
meeting inthe year. lit is highly prpba-
bic that the board will he in session
three days. Salaries and clerk hire
were fixed as follows for the year: Au-
ditor'S clerk hire, Sl,T00; county attor-
ney, salary and office rent, 81 200 treas
urer. clerk hire, $500; judge OF probate,
clerk hire. $500; county superintendent
of schools, salary, Sl.U00 per annum;
jailer, salary. S120; janitor. salary. 5000;
county physician, salary, 800; city poor
commissioner, salary, 1920 per year.
Peter Hagstrom was appointed janltor.
and Dr. L. {. Clark was appointed
county physician and poor commission
er. The commissioners instructed the
auditor 10 notify all papers in the coun-
" 10 have their bids for printing in by
, p. IN. today. There will be six separ-
ate bids. and considerable interest is
conferred in this part of today's work.
The Knights of Honor gave dance
last evening in Music hall, and, not
withstanding the inclement- weather,
the attendance was large.
Manager Durant has booked 1.-THE
Girl 1 Left Behind Me'' for an appear
ance at the Grand opera house next
Saturday evening.
Judge WilliSton has filed an order in
the district coart modifying the injunc-
tion secured by John f. Kaplin against
the city of Saltwater, and the city is
allowed TO make such improvements on
the property IN question rs Will place
the street Ill safe condition.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
OUR PUBLIC DEBT,
Over Six Million Of an Increase
Less Cash in Treasury.


WASHINGTON, Jan. 2.-The public
debt statement issued today shows
the net increase of the debt less cash in
the treasury during the month of De-
cember to have been S., sci 1862. The in
terest-bearing debt increased $50. The
debt OH which interest has ceased since
maturity decreased $3.50, aud the
debt bearing no interest increased
81, SOL. The reduction in the cash
balance during the month was S4.S24.-
06l. The Understanding debt is
$3.50, 033, 80; the debt on which
interest has ceased since ma
turity is sl.9l3.530. and the debt bear
ing no interest is 1916, 653,077, a
total debt of 1868. 605,9l7. The certifi-
Gates and treasury notes, Offset by an
equal amount of cash in the treasury,
amount to S6O4,3l7 ,424, an increase dur
ing the month of s5,077,122 The gold
reserve today is $50, S91, 900, and the
net cash balance So. 4S3.955, a total avail
able balance of S90,375, 555. decrease
during the month of S4,S24.061. The
total cash in the treasury today is $751;
614.70l. The total amount Of national
bank notes outstanding Dec. 81. 1898,
was sos. 442, OPT, an increase in circula-
ton since Dec. 81, 1892, of S34.-
14l,2l5. and a decrease in circulation
since Nov. so of S40S, 761. The circula.
ton outstanding against bonds Dec.
81 was S1S5, 0S7, 705. The re.
ceipts from customs at the port of New
York during December amounted to
S5,645, sos. paid in the following kinds of
money: Gold coin, 2S per cent: silver
coin, per cent; gold certificates, IL
per cent; silver certificates, SILL per
cent; United States bonds, 11.6 per cent,
and United States treasury notes, 81
per cent.
The following were the receipts at
New York for December in each of the
last five years: 1889. S10.997, 977; 1890,
SO, 704 ,055; 1891. S9.314,666; 1892. $1O.-
570.S53, and 1898. $5,645,90S. The re-
ceipts for each of the past five years at
New York were in round numbers as
follows: 1899, s147, 67S, 361; 1890, $685.
100000; 1891, 1922, 10000; 1892, SIPS, 00O,-
600, and 1893, $4,000, 900. The total gold
in the treasury, coin and bullion Dec.
80 was s15s, 1903, ITO. The gold certiti-
Gates in the treasury cash are 1880;
the gold certificates In circulation, ST.
412.l79. and the net gold in the treasury
oil the 31st of December In the years
named: 1889. 500, S33, 052; 1890. S14S,-
972. 935: 1891, $3.50, TAO. 630; 1892, S121, 1885,
662, and 1893, $50, S91. 600.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
INDIVIDUAL INCOME TAX.
ADVOCATES or TIE PROPOSITION
COME CUT kHEsD.
BUr LITTLE DISCUSSION HAD.

The Ground Had Been Argued
and Fought Over Time and
Again, and Nothing but Vote
Remained-Over Six Millions
OF an Increase in the Public
Debt.
WASHINGTON, Jan. 2.-The advocates
OF The individual income tax PROPOSE
ton were triumphant at the meeting of
the Democratic members of the ways
and means committee this afternoon.
The eleven members were present
when the final meeting was held at the
treasury department at o'clock. Com
paratively little time was wasted in dis
cusSion. The ground had all been ar
gued and fought over time and time
again, and this afternoon the issue was
Joined on two propositions. One was
to tax levy of 2 per cent against indi-
vidual incomes oyer $4,000 and against
the incomes from corporations (that is
the difference between the gross in
come and the operating expenses, or in
other words tine net income), and Sec
ond, a proposition offered as subSti-
tute by Mr.. Cochran. of New York. to
tax the incomes from corporations per
cent and inheritances 5 per cent, to
+ place tax of 10 cents on whisky and
TO restore sugar to the dutiable list at
half cent per pound. The vote on
Mr.. Cockran's substitute proposition,
which was taken first, resulted in Its
defeat, Z to. 4, as follows:
D Ayes-Messrs. Wilson. Cochran, Ste
vens and Montgomery.
Nays-Messrs:Mc AHllin. Turner, Whit
ing, Bryan, Bynum, Tarsney and Brock
inridge.
The original proposition was then
submitted. and carried by vote of to
s. as follows:
Ayes - McMillin. Turner, Whiting,
Bryan. Bynum and Tarsney.
Nays - Wilson. Cochran. Stevens,
Montgomery and Breckenridge.
1t was also decided in connection with
the latter proposition to increase the
whisky tax 10 cents per gallon; that is,
from 80 cents to 81, to be levied against
whisky III as we'll as out of bond. Upon
the representation that this increase
would work undue hardship to the
owners of whisky in bonds, it was
decided to extend the bonded pc
Rod from three to eight years.
The tax on playing cards, at one time
fixed at six cents per pack. was reduced
10 two cents, and the contemplated tax
OIL perfumes and cosmetics was dis
carded. No increase was made in the
tax on cigars, but the increase on cigar
cites, 81 per thousand, was allowed to
stand. The committee estimates that
the tax Oh the incomes from corpora
tons and individuals Corporations be-
ing treated as individually will raise
100000 revenue-Sl2.OOO,Q from
corporations and $4,000, 900 from indi-
viduals. The increase in the whisky
tax, it is estimated, will give an addi-
tional revenue of $4,000, 900 per annum.
The proposed tax on lnheritances,
which was to be levied III case the prop
osition for an individual income tax
failed; was not deemed necessary.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
Dismissed From Service.

WASHINGTON. Jan. 2.-The court
martial at Mare Island in the case of
Richard Ashbridge. past assistant
surgeon of the United States navy. it is
understood, has recommended his dis
missal from the service. The charge
against him was forging the signature of
the secretary of the navy to telegraph
message which purported to bear out
Ashbridge in contention with Capt.
Howison, the commandant at Mare
Island,
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
Some Thoughts on the Currency
Question.
Written for the St. Paul Globe1

Written for the st. Paul Globe
In the series of short talks of which
this is the first hope to bring out some
truths and errors about money and cur
rency that seem to have become some
what clouded.
Unlike many students of economics, l
do not regard the question of currency
as of paramount Importance. There are
several other questions which seem to
me far more vital; yet questions of
currency are important, for they just
now seem to occupy large part of the
public eye, to the exclusion of every
thing else, Perhaps If we can find out
just about how big thing this question
of currency is, we shall be able to devote
a part of our attention to something else
of equal if not of greater Importance.
l. Does the stamp Of government
create value?
Let US apply the test. Take gold
eagle. How much value is there in The
stamp? How much does the so-called
"fat" of government add to the value
of the gold in the coin? Why, nothing
at all worth mentioning. You can take
gold eagle and melt it, and, il you are
careful to save all the gold, you can
take that gold to any free-coinage mint
and get another eagle for it. The most
that you would have to lose in any case
would be the cost of stamping your
gold again. if you should take it to
mint, where a charge was made for
coinage.
The most that can ever be claimed
for the stamp on gold coin is this:
That coins are worth as much more
than bullion as it costs to put the stamp
on. Even this added value is not due to
any fiat" of government, but is simply
the value Of the labor that has been
added to the value of the gold. This
will explain why gold coins are never
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
Banks Resume.

DENVER, Col, Jan. 1.-Two of Den
ver's closed savings banks put in circu-
lation n quarter of million dollars
today. The Peoples Savings bank paid
out an assignee's dividend of 10 per
cent. amounting to $4,000. The Denver
Savings bank, which closed during the
July panic. resumed business today.
The bank Is paying 10 per cent to all
depositorS who ask, and to those who
did not sign the resumption agreement
the full amount of their deposits is
paid. The deposits so far have equaled
the Withdrawals.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
nIinnesotans Remembered.

SPtCIu! 10 lII0 UIUUe.
WASHINGTON, Jan.2.-Henry G. Brad
ley, formerly a member of Company E,
old First Minnesota regiment, now liv-
ing at New Haven, Conn, was today ap-
pointed by Commissioner Lochren a
messenger in the pension bureau. Fred
Stevens, son of G. A. Stevens, of Shake
pee, has been appointed to a position in
the government printing office. ON the
recommendation of Congressman Hall.
He will enter upon his duties next
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
The Tariff Caucus.

WASHINGTON. Jan. 2.-The date of
holding the Democratic caucus to con-
slider the tariff bill has not yet been
fixed, and it probably will not be until
the Democratic leaders can get together
and decide when it will be most con-
venient. Unless the next few days
show that many more Democratic men,
bers of the house are in the city than at
present the caucus will be postponed
until next week.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
GILLIAN CLAIMS.

a Number OF Decisions Made the
Past Week.
WASHINGTON, Jan. 1.-The Gillian
claims commission has made number
of decisions in the past week. In the
case of James NJ. Hallowes vs.. Chilli,
the demurrer of Chilli was overruled and
an answer required. The demurrer of
Chilli in the Landreau cases was argued
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
Full Cabinet Meetine.

WASHINGTON. Jan. All the mem
bers of the cabinet were present at to-
days cabinet meeting, the first of the
year 1894. The president was none the
worse for the fatigue of yesterday. In
spite of the strain on his right hand and
muscles in the handshaking ordeal of
yesterday, he set about signing papers
this morning.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
A LIVELY SHINDY
Kicked Up in Police Circles at
Omaha.

Omaha.
SOUTH OMAHA, Nab., Jan. 2.-Quite
a sensational scene was enacted at the
city council meeting tonight. Chief of
Police Beckett, on entering the room,
was handed note from the mayor call
ing for his resignation. Beckett tore
the note into bits and threw them in the
mayors face. He then tore off his star
and threw it at the mayor. Mayor
Walker called ontwo policemen to eject
the eX-ehief, but the latter defied them.
He drew revolver and said he could
clean out the whole force. No attempt
was made to arrest Beckett. The trOu-
bic grew out of the chiefs Discrimination
to cooperate with the mayor in the con-
duct of the department.. Trouble is
feared, as underneath all is the fight be-
tween the a. z. A. and the antis. 171
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
Will Retire From business.

New YORK, Jan. 2.-The Holla nd
Trust com pany will, it is reported. soon
liquidate its affairs and retire from bust
ness. The company is perfectly solvent
and able to pay its depositors and stock
holders in full on demand, and has been
practically liquidating for the past two
years.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
In the Capital City.
Special to the Globe.

Special to the Globe.
WASHINGTON. Jan. Nv. G. Con-
roy, of st. Paul, is registered at the
Ebbitt house. F. B. Chew. a prominent
land attorney of Duluth, Is spending a
two weeks holiday season in Washing
ton. Stanley X. Kitchell and Henry
Doerr,O of Minneapolis, are at the Ebbltt,
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
Minnesota Pensions.

Special to the Globe.
WASHINGTON, Jan. 2. - Minnesota
pensions: Original, George NJ. House,
ST. Paul; Lewis NJ. Story. Minneapolis;
original Widows, Catherine johnson,
GOtha,
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03

self, except in the most advanced stages,
and for all the conditions that lead to it,
this is positive and proved remedy.
Consumption is Lung Scrofula. You
must depend upon the blood for a cure.
The " Discovery reaches it, through the
blood, as nothing else can. Not only this,
but every form of Scrofula. In Con-
sumption, Weak Lungs. Severe Lingering
Coughs, Asthma, and all Bronchial,
anteed to benefit or cure, Or your money
is returned. Nothing else, at any price,
is really as cheap
You pay only for the good you get.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
DR.. TELLER,
$50 East Seventh ST., ST. Paul MINI

Speedily curesall private, nervous. chronic
and blood and skin diseases OF both sexs,
without the use of mercury or hindranc
from business. NO CURE, NO Paw. Pri
yate diseases. and all old lingering cases
where the blood has become poisoned caus
ing ulcers blotches, sore throat and mouth.
pains in the head and bones. and all diseases
Of the kidneys and bladder, are cured for
The result q Of vouthfuI i nd Or rfe ex
cesses of mature years, producing nervous
nses indigestion, constipation, loss of mem
DRY, etc, are thoroughly and permanently
pnred.
DR.. Feller who has had many years of e1-
perience in this specially, is a graduate from
one of the leading medical colleges of the
country. He has never failed in curing any
cases that ne has undertaken. Cases and
correspondence sacredly confidential. Call
or write for list of questions. Medicines sent
by maitland express everywhere free from
risk and exposure.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03
GREAT NORTHERN RAIL WAY

Tickets So N'q pna "y uudn aspas so Is e Ii
LEAVE 81. Paul Union Depot. ARRIVE
WlIlmar. Morris. Browns
sos am Valley ........ b7:00pm
Is 80 am Grand Forks. bs :1am
Osseo, Clearwater and St
ts:3o am Clond .......... 6:1j pm
Anoka, st. Cloud and
| 8 80 pm Willmar blO:55 am
Id 80 PM Excelsior & Hutchinson bill :55 am
Willmar. Sioux Falls
80 am Yankton, Sioux City. b7:oo pm
Breck, Fargo. Grand
a6:5O pm Forks. Winnipeg... a. :a5 am
tOsseo, st. Cloud. Fergus
Falls Crookston, G.
Forks Kalispell, Spo-
kane Seattle, Great
Fails. Helena, Butte
a. AS pm and Pacific Coast. -. t0:30 am
EASTERN MINNESOTA.
Duluth, West Superior
Elk River, hlilaca
Hinckley. Princeton
:oNp m SAnoka. 49,. :. ... br:S' nm
a, daily; b, except sunday; sBuffet parlor
cars on trains to Duluth and w. Superior;
tBuffet sleepers. tDining and Buffet cars.
palace sleepers. tourist cars.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03

LA1 OI LII - NV 11nb.
When your blood is
out of order, you can't
afford to wait. A slight
cold, in this scrofulous
condition, is enough to
threaten you with Con-
Assumption. At the first
symptom of any weak
ness in the lungs, or
with any cough that
you can't seem to get
rid Of, you should take
Doctor Pierce's Golden
Medical Discovery.
For ConsupoDtion II.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-03

TinLofc SEQ Sicollet nv, Minneapolis ;95 T. IL
ttVhGto r.. st. Paul Union depos ho,h ctieS
The Red Cloud chief., 1894-06-29
To Water Consumers.

Notice is hereby given to the patrons
of the city water service, of the city OF
Red Cloud, that section "a of ordinance
No. 43 hcreunto annexed of said city will
be strictly enforced hereafter:
1t shall be unlawful for any person
within said city to sprinkle, eject or
throw water from private OF public
sprinkler, washer or hydrant upon any
public street, lane or alley, or any yard
garden or enclosure, or permit n cause
the same to be done, nor upon or against
any building upon such street,
lane or alley, except for the eX
tinguishment Of fires and ordi-
nary house cleaning except between the
hours OF 6 and Z o'clock a. M. and 3 and
8 o'clock p. m, of each day; and any
other person violating any of the proyi-
sions Of this section shall upon conviction
thereof bc fined in any sum not exceed
ing ten dollars and stand committed un-
til such costs and fine are paid.
w. ID. ROXY. Mayor.
II Il PoND,
Water Commissioner.
Dated May 4, 1894. e.
The Red Cloud chief., 1894-06-29
A Household Treasure.

ID. w. Fuller, OF Csnsjoharie, N. Y,
says that he always keeps DR.. Kings New
Discovery in the houss aud his family
has always found the very best results
follow it's use; that he would not be with.
ont II, IL procurabis. q. A. Dykeman
Druggist, Catskll,, n. Y, says that DR.,
kiHg's New Discovery is %updoubtly the
best Cough remedy; that he has used II in
his family for eight years. and II has
never failed to do oil that is claimed for
il. Why not try a remedy so long tried
aud tested. Trial bottles free at &. l.
Cotting's Drug store. Regular size SOC,
and $tO0.
The Red Cloud chief., 1894-06-29

Deafness Cannot he Cured
by local applications as they canRot reach
the diseased portion Of the ear. There is
only one way TO cure deafness, and that
Ia by constitutional remedies. Deafness
10 caused by an inAamsd condition Of the
mucous lining Of the Eustaehian Tube
When this tube Is indamsd you have q
rumbling sound or imperfect hearing,
end when 1t is entirely closed, deafness Is
the result. and, unless the Inflammation
can be taken out and this tube restored
to it's normal condition, hearing will be
destroyed forever: nine cnses ont Of ton
are caused by catarrh, which is nothing
but an iDiiamed condition Of the mucous
surfaces.
We will give One Eundred Dollars for
any case Of deafness caused by eatarrh
that sannot be cared by Halle Catarrh
Cure. Send for circulars; free.
F.J. CHENEY & CO, Toledo, o.
tH-Sold by Druggists, 100.
The Red Cloud chief., 1894-06-29
Where Healing Waters Flow.

Hot Springs, South Dakota, is a place
that every one should visit.
It's q health resort; the bsst in the
west.
It's a charming spot where pure air
and healing waters put sickness to fight
and make everything but perfect health
well-nigh an impossibility.
Invalids. no matter what their all
ments, should give Hot Springs a trial.
It's sure to benefit them, more than
likely 70 cure.
How to get there? Why, by the Bur
lipgtOn route OF course It's the line.
Ask the local agent for full information
or write to the undersigned for a beau.
tifully illustrated pamphlet.
j. FRANCIS,
Gen. Pass. & Tiki. Agt.. Omaha, Mob.
The Red Cloud chief., 1894-06-29

The Halter Proprietary Co. challenge
the world to produce a better remedy for
barb wire cuts, Sores, gals and wounds
Of all kinds, than their Barb Wire Lini.
ment. 1t heals quickly, leaves no soar,
docs not irritate and bssps away the flies
Their faith in this truly wonderful Lini.
msnt Is 80 great. and its Endorsements
from thousand Who have used II 80 strong
that they absolutely goarsntes it. Sold
by Deyo & Grice.