The Caucasian. (Clinton, N.C.) 188?-1913, 1894-05-24

II Frc.. .tated - Gen Hancock k =
MIA ,aid tbat the NIGHT Of the mem
orahI1 eIect;on Of 1880 the General
went TO bed At his usual hour and
-lDpt "A sound a. if the result Of his
election or defeat was his least con-
Germ During his irving experiences
y hicb have followed the arrival Of
he common veal army at the Capt.
tai. "Gen." Cozev hasn't lost any
7 -l.nn or missed a meal. so far as the
f..rt. c,,o he a.cprtajppd.
.,.., ,,-u ,,, u,.,,.rn
Wv i '-''' ''i' In
Followed through the ho.ei IQohE
. ~ c"""Hs. p4''rd anu hdu Il" a'"uI
'h every hauo' feorl'I"8 d hTa'E man
. every DAY, the b"'d'h9 "i 'At army
q m1no'nE MS "l'rHa"h' ne ,a7
never Tor q S'n2'e 'p'"'Th'' l"'' NJ
-, ''"I "I''"Fr"- ~ ''"7' go i'@.
/ '''l'- i'Ti Z "l ''' u ''''9 VI 'o',
/ 20 OF a'cvhpi OF MS . p''a1h. anu III
'FPe@dtr" Is Always 'na' 81 " seii-
/ possessed man, "h"h hothIhg snort
II an rarthI~ke would snake:
NoA"! complains WIN some justice
that his legislative schemes are care
IesaIy and perhaps "IifuIly mlorepre-
Sented by the newspapers. Every
day, he says, he see some paragraph
charging that his scheme Is 10 nave
the Government issue ana negotiate
non-lntereSt bearing oohoS. VI
course, the negotiation oy lhe NOV
trnment OF Such IA bona "oulo oe
impossible and absurd. Coxey
ahrewdIy took advantage OF the agl-
tahon FOR good roads, Whlch the
"heeImen and others nave been push
ing Tor the past two years, TO make
TINS road reform movement part OF
! his scheme. HIS good roads bill does
not contain It's bond scheme at all.
1t simple provides that Congress
authorize the issue OF $3OO,OOO,OOo
IN Treasury notes, to be expended
under the direction of the Secretary
Of War, III building a system of
country roads all over the country,
the fund ''tO be divided pro rata with
he number of miles to each STATE
and Territory" This bill is some
what indefinite, but the idea Is not
at all new.
Good roads meetings have beer
held all over the country urging
Congress TO act IN the matter. Cox
ny'8 pro rata pan of Government
distribution of money among the
States for specific purpose recalls
that proposed by the late James &.
Blame, who advocated the dlstrlbu-
ton of the Treasury surplus among
the States pro rata.
The real Coxey scheme Is not
Government bond issue at all. CoXey
:ayS 1t IS the national bahk system
reversed. In the national oank
schene the government ISSUES tue
bonds and pays interest upon the m
! he national banks BUY the oonds
win 'he'r money "nicl ~ i" la,r II, III
'eSIIhtht III Iht llrSC iilsIanc7. heH
hen deposit tne'e oohoS Win 'he
'"feF"ment ana Ihe Govern mani Is
7"e' he" ~ per ce"t, "a oi .t,e fs lace e.; %
ne 'ol''S III I''''i'S' "Io ; !, 0-' ,' 'n'S
'o'e' e'ieIlI tn' D'' lI;.;,., ~ iECsite " ,''
'"'' ol - I9I'S' III '',''''''Uli 9 - i ili'el
,9' ." I'LL Iii7 o1'l''S lucy n"Se ~ o' l}'s i%
',go - c3'''.7I d. ooNe' al 3'7' ~"
'L'I9 0ouo'T interest o,"' = is ,t " I''l, al.
iou 'Ht P'o''e " mn "o''l" Ho'
n"Hi'7h II H's s'iiS''IT - q ',''1 E,''"-
-, ,.art L,LIio i,,,,rovon,oot, and
Give pmpld, nent TO labor, and this
= what his non-intprest- bearing
hond scheme j. If States, Terrific
rios counties townshIn4, or towns or
,iu3,ros dasira 70 max > nnhlic i'm
nraTemants thew shall issne non-in-
tarost tY baar;,a bondS in anv srm snf-
fniant f,,r tbe nnrnnsa not exceeding
in ononnt onerhnff Of the assessed
ra1nntion of tho Stata conntv or
,,,,,,,;o;,,aI oro.arizo+;on On danos-
itina tbesa hands the Secretary of
tLa iva rrnaSvrT iSSnos Traasnrv notes
If the government to the full amount
~ tba honj resprvino | npr cent of
tbo ' amoUnt % 70 nav e9nanses of en-
arav;n% m and nri1ting the money.
Tranr 7o"r tbo n,nnin?roI;tr maLino
tha ;;,9roronont ;S ranr;red TO nav
Eno,, ao -, ;ato w. % Troosrrr - | mar cont Of
tbe P.'eH nr;noinaI rn hnt no INTEREST This
,rnn n F. im WV p',' n,,t tba daht 70 tho Cow
arnn,ant - :, tron+v-fve wars
ll.-,- nnn,,,n
TAXATION FEAHf I L AMI VI IN h'0i ' L
Coxey says that thousands OF towns
IN the West have been heaVliy oono-
ed for improvements, anu they pay
tive to SIX per cent. interest charges
| The rate OF taxation to meet this III