davidaulloa/AmericanStories huggingface dataset:
The Princeton union., 1895-04-25

the ga!s-and that
spite of a Sally Martin in especial
appointing at me as That Phoebe as Is
too good for the likes of us has took up
with a young man, vulgar Just the
same as anybody!' And I shouldn't hev
come only havin' something to say.
MileS-And what is there vulgar about
me?
Phoebe-Well it ain't genteel to be a.
smoking alluS like you, nor to cut your
meals with a knife out Of your pocket.
nor to stand constant on one leg, nor
TO be that stoopid when Squire, as amt
no better than none of us (and a. lot
wus. says Mary Anne, as has scullery
malded for him eighteen months), talks
to you and can't give 1T to him back
and pulls his hair and says. "Yess1r
and "Yessir,' as ain't no sperrit and Is
down trod and pore of you. nor to drink
beer common at the Five Stars nor
70 (pauses out Of breath).
Miles Comfortably and resuming his
plpe)-Give yourself time, Phi oebe. Give
yerself time. 'Tant likely as you can
get all my vulgarities into one breath.
SO keep yer air on and don't expect it.
tSmikes placidly)
Phoebe with increased dignity)-Not
Shat I've come here, Mr.. Jones. sly, as
You may say, and a-damagin' to my
character eff found out by the gals (par-
dkier to that Sally Martini as is little
cat) to speak of your wulgarities. I've
come to say as not to encourage yerself
false I don't hold with walking out.
Nor kissings. Nor luv letters-as when
ONE OF the parties cant spell nor put
1T genteel amt pleasing for the other,
es making her feel her young man isn't
eddlcated high. Nor Sunday afternoons.
nor rings. Nor marriage at all. SO
there
m1les-4ou're right, Phoebe, no doubt.
Eals allus is. I'm agreeable. Walks is
waste O time. Rings is waste O money.
Letters is waste O. temper. And I'm
agreeable ready not to be married come
Mlchaelmas, as arranged when StOOpid
and kissing on Tuesday week in this
ere lane, as won't be repeated, and
each'll live long sight-genteeler We're
the word, weren't it?-single
Pheobe-Well you take it pritty cool
ana easy l must say. and rude as you
anus was. and is, and will be.
Mlles-Yes, miss, do. Keep yer air
on. is my motter, and darned sight
more sensible then them I see stuck up
an foreign language on them little white
plates in church. Keep yer air on,
Miles. You air going to be married.
rex 1t easy. Hev yer pipe customary.
Slt tight when her aunt (as is a rare old
beast and for all you know she'll grow
up like herr buzzes in, and says, "Hev
you any money!" and you hevn't. You
air not going to be married. TEX that
easy, too You air too vulgar. That's
comfortable and deal sight pleasanter
than sitting genteel when you cum in
ured from wurk and a putin on gentry
manners as amt material, and is darned
stoopid, too, to please a gal as minces
her words and has the best of eddica-
The Princeton union., 1895-04-25
Oh! Those Girls!

II rather like Mr. Johnson" said
Miss Jones the. other evening to her
hosom friend, Miss T.arKins.
81 DON'T" said Miss l.. "Why, he's
not bit like men who come to see
me-"
Well, that's nothing against him."
rejoined Miss j. (Then the fat was
in the tire.) l.. /. L.
The Princeton union., 1895-04-25
Tiger Bones as Medicine.

Some curious items are to be found
in the late lists of Chinas trade statis-
tics. Among those noted in the list for
1894 is 10000 pounds of tiger bones!
What on earth do you suppose they use
tiger bones for? Fertilizers? Not much,
they are too costly. The item above
mentioned cost the Chinese sum equal
to nearly $4,000 The powdered bones
are used as medicine in every part of
the Flowery Kingdom, and all are un-
der the delusion that they impart some
Of the tigers strength to invalids.
The Princeton union., 1895-04-25
Subtlety mt the Calumet.

Reggy-Ah, me deah boy, I've taken
you faW me fWiend the Duke of Yawk
SO many times since you started your
beard.
Snicllerson (delighted)-Y' don't say,
deah chap.
Reggy-Fact, deah fellow. I've nev-
all seen the deah Duke, don't " know,
but if he looks anything like himself.
he certainly wesembles you, swear,
'DOn me hOnah.
The Princeton union., 1895-04-25
Music, Heavenly Maid.

Hostess-Won't YOU play something
for us, Miss Keynote:
Gifted Amateur-Certainly, if it is
your desire. What would you prefer?
Hostess-Oh. anything, only so it
isn't loud enough to Interfere with
the converSa tion.-New York Weekly.
The Princeton union., 1895-04-25
A Future Before Him.

Mamma-Willie, take o your hat in
the house. You'll be bald if you don't.
Willie-That's what I'm training for.
You don't suppose Pm going through
life without single chorus-fay to
love me, do you?
Mamma (despairingly)-Ah, that's a
chip Of the old blockhead, that boy!
The Princeton union., 1895-04-25
All 1t Called For.

Haverly-Upson Downes lighted his
cigar with the pawn ticket of his
dress suit the other day by mistake.
So he took the ashes Of the ticket to
the pawnbrOker.
Austen-What did he say?
Hayerly-He' said he had a fire the
day before and handed him the ashes
of the dress suit.-Smith, Gray & Co.'S
Monthly.
The Princeton union., 1895-04-25
Swift RetributiOu
he sultan pledged the wine.

The sultan pledged the wine.
by Allah! 'Tis 4 foretaste Of celes-
tial nectar!''
The yizier held his glass up to the
light.
ut is inded"-
He slnacked his lips
Most sublime Porter
An instant later he was led away
for the bowstring and the sack.
The Princeton union., 1895-04-25

entirely unprecedented" 1t was DR..
Robertson Nicoll who discovered Mr..
Watson's literary ability and induced
him to write a story for his puhlica-
ton. the British Weekly" At his re-
quest he wrote Beside the Bonnie
Brier Bush," which is series of
stories Of Scottish life, and which he
declares is still surprise to himself.
Mr.. Watson is married and resides in
LIVERPOOL
The Princeton union., 1895-04-25
At the Cafe.

Mrs. Swellbones-They say that if
you drink absinthe, it makes your
hand tremble dreadfully.
Mrs. Flasher-Really. Waiter, make
that a large absinthe instead of a GIN
ger ale. l am going to wear nina dia-
mond rings at the opera tonight,
The Princeton union., 1895-04-25

Mr.. Sales. l see that handmedown
the clothier, offers silk umbrella
with every ten dollar suit.
Mrs. $. That's nothing! I bought a
plant for one dollar at the florists
yesterday, and he offered me tho
earth.
The Princeton union., 1895-04-25
Limited.

Patient (about to have his leg re-
moved cheerfully)-Well, doctor, I'm
afraid that I won't be able to 60 to
any more dances.
DR.. Knifer-After this you will have
to contie yourself TO hops.
The Princeton union., 1895-04-25
His LOEis.

Boy-Mamma, who is that with the
short hair and divided skirts and
glasses on?
MOther-Hush, son; that's the new
woman.
Boy-Oh, mamma, what fib! She
amt no new woman. She's older than
grandnla.-Philadelp Inquirer
The Princeton union., 1895-04-25
a SUCCESSFUL AUTHOR.
Ian Maclaren Is WeIl-Known
Scotch Minister.

Ian Maclarcn is the author of the
successful new book, Beside the Bon
ME Brier Bush" He is the Rev. John
MacLaren Watson, and is pastor of a
large and fashionable church in LiT-
erpool, Scotland. Strangely enough,
the book is his first literature venture
and in Mr.. Watson's own words, "was
The Princeton union., 1895-04-25
LlFE'S SUNNY SIDE.
SOME JESTS OF THE PASSING
HOUR. rs..'. &'s#4sf 3

Bright ScintillntiOns of Wit From
the Pens of the PrOfessiOnnl Fun
Makers-HumorOus Reading for
Young and Old. =
The Princeton union., 1895-04-25
"Three dollars and seyenty-hye

Three dollars and seventy-hve
cents
Ever sell any Of emp
''Often." .,...
Amt used for Eothin' elsoY'
NO
"An' you git 1915 fud 'em?"
''Yes."
"Gosh!' exclaimed Uncle Zeke stroll
ing IN to the next aisle in the depart
y cnt store, "WhltG some folks do fir
Il llvin' If it wasn't fur the blamed
fools!-Chicago Tribune.
The Princeton union., 1895-04-25

The coins Of Siam are made Of porce.
lain; those Of Japan are made princi
pally Of iron.
The Princeton union., 1895-04-25
So Utterly Dissracef,I.

Gillcy-I'm so ashamed of Cholly,
doncherknow.
Goslin-What's the paw fellaw done
The Princeton union., 1895-04-25
DAVIS TO BE DOOMED.
MINNESOTA MAN MENTIONED FOR
> PRESIDENT. ..

senator and Ex-Governor Will BE an
important Factor in the Next Re-
publican COnvention-His Famous
Reply to Strikers.
The Princeton union., 1895-04-25
STORY OF A TIFF.

HOEBE, a village
beauty, modern and
advanced.
Miles, a labOrer.
slow, smoking and
sensible.
Scene-A lane.
Phoebe with dig
nity)-I hev come,
being asked partik-
ler and not wishful
to do so, a-cause of
~ 4
The Princeton union., 1895-04-25

Gilley-He persists in saying valise
instead of portmanteau.-Truth
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
.TuRROHEs FlNOS,- Participant

u NVNaU EHNVVH
tanto nuestros favorecedores como los duehos de
Colmados otros estabecinientos que expenden dull
ces que dese fecha hasta ell da de Ano Nuevo abr1-
nuestros acredtados turrones de mazapanes,
con frutas sin elias al preco de y pesos el qrnta
bien advertmos que los peddos de a)guna importan-
eia deben hacerse con alguna anticipation que no
experiences ningun turron que legue una AFRO
ba, puesto que es ell envase mas pequeno que hace-
mos para la venta al por mayor.
La mayor parte de los almacenistas de esta clu-
dad que expenden productos, aceptaran los
peddos de turrones que les dirian parroquianos
fin dc que puedan adquiriro los comercantes del
interior que no estan relacionados nuestra casa
3O=l6 OLIVAS CUMPANIA.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09

CUYO principal objeto Ell de facflitar al ahonC
los pobFes. desarrollando as los habitos de orden
economic.
Admite fmposiciones desde 25 centavos en- ade-
ANTE, leSando ciDco peses. les abona el pos
100 de ! ;ereses anual
Ea nneFo prestamo tres meses plazo con dos
1rrnas IL Teconori3a soirsnca de las cuales ha
de ser de e. Caifa deseontando los intereses al IL
por lOO annual Ell ctntidades que no excedan de Glen
pesos: al 10 por lOO de ciento uno doscientOs y
al o por ciento de doseientos uno quinientos
Coloca dfnero en- primera hipotecs sobre fneas
urcanas DC esta Capital hasta Ia mitad del vaor de
vencional.
Descuenta letras. pagar6s oblgacisnes paga.
deras en- esta Capital. cuatFo meses plazo con dos
buenas fRmas. -
Abre cFedltoS bien garantizados 4 6 meses plaxo
Sn Junta de Gobierno se compone hoy de los Ea
nores aunoE BarEaos, Lode Rossy, L6pex CepePo.
Guiilefmeay, Chsvrsmont MoRna. sehira EeSa
piaza do Alfonso xn.-Loa nAss, miAreclss ' -
hsAas lsa Hess Dc "A nOcha.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
INSET. SILVA

JOSET SlLvA.-TETUAN 87:--Gi.
sspa isas por cantdades no menores de Is pesos Ga
so6e Las pazas prncpale de Franca Aemania, Austria Bel
gtca Hoanda Dlnanarea Bugara Ruaia susca NSrnega
Argea Rgpto sra ThHez-Sobre NewYork. salto Domin
go Isa de Cnba.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09

FONso XGran surdo de joyas de plata brantes
Pedras fnas Modeos de gran n9Vedad esgancs ncomgs
PECIADA ADEs.-En Reiojes oro, Plata Nike Aeero-
Cron6eros Caonografos Repeones Roscopf ETC. Lentes
Gafas de crstale hnos de Roca Centros de
importation dreota. Precios sin competenca.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
B1BL1orncA Oh s'LA CoRRKsPoNDyECHA" !


mera olase; por ESQ no repara en- el precio.
Teresa hizo Elena una gena para que Es"
teban SO alejara momento, ouando ell pobre
estuvo en- L. habitaci6n Ia joven, Ia valerosa
mujer hizo presente Raul So. egradecimiento
por haber venido en- pereona s pToporoionarla
tan ventajosa colocsci6n, pero Sc neg6 q ac"p-
tarla, alegando que ku marido no podfa pre- Gin.
dir de sus cuidados.
Landa1t fuG ell que sc enoarg6 de- decidirla.
Segurarnente Elena baater1s para cuid. su
pad'e, era tan inteligente y tan trabbjadora,
que seguramente Esteban no oarecerfa de NADIA,
cuidandcle ella
Raul esouchaha con creciente satisfaction
los elogios enthusiasts que Raul prodig6 la jo'
ven.
Llamaron Elena su madre Ia consult6.
-Acepte usted-contest6 lajoven-y que
este caballero sepa que mi agradeciento sera
tan grande como 50 bondad.
Raul Sc inoin6 delioiosamente emocionado
retirandose acompafs do de Mark f Landart,
. deepues de dejar Teresa las senas de la mar
quesa de Trefaeres en- el Parque de los Pl1n
cipes.
. -Puede uated, sefora, presentarse desde
mai ~na-diio saludando por Ultima veg
Dej6 Teresa y 81 hijs sstisfechas per la
buena notioia que aoababan de reoibir, elem.
pre- seguido de MaEkof volvi6 al tNonts de Pie.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
ACKNOWLEDGEMENTS .EL Y

neral de 10 meor que en- perfumeria sc fabrica en-
Franca Alemsnfa especiadad enseres de
barberia. Limpieza servicio nmejorable. Sc ad
mten abonados por meses Sergio Lcco0spe r.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
GRANUJA, LADR6N z CoMPAN1A

por Landart, En- pocas palabras, el joven ex~
puso el motivo de su vista
Cuando &C did cone Ger, Teresa no pudo
rep,imir un n1ovimiento de ouriosidad muy le-
g1timo, desde So rinc6n Esteban murmuro
nervioaamente:
-lsaviguenl lsavignan!
La pob1e mujer contemp'o su marido
con aDsiedad, temiendo que aquel nombre, p o"
nunciado bruscamente delante de el, le prcdu-
iera una de aquellaa crisis terribles que trataba
de evitar con tanto cuidado
Por fortuna. ell insensato permaneeid tran
quilo, limitandose d repetir con absolute indi-
ferencia:
-ISavignani JSavignanI
Con su exquisite cortes1a, Raul refri6 CO.
mo la casualidad habia hecho que Landart en-
tablase conoeimiento con su fel Markof, ente~
rdndoae de este modo del deseo que ten1a la Sc.
flora Esteban de encontrar una ocupaoion lu-
crativa. Precisamente su hermana la marqne-
sa de Trefieres ten1a necesidad de una oostu-
rera. Inpulsado por su natural generosidad,
exsger6 Ell sueldo que la plaza llevaba oonsigo,
habl6 de trescientos frances por mes 10 que
arreuo6 q Teresa una exclamation de jncredu.
lid ii Markof iutervino, dioiendo para ate
nuac Ell efe2to pToduc1do:
LA aedora narquesa es muy delicada y
no qpieye enplsar maa que una ob1ega de pTi-
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
Oh A r A D A .
Arecibo

No va eola la Gt'ao aG9ao -.
Lo menos dos, t. neT suelen
las hembraa tOdas del orbe,
aurque a'gunas tienen veinte.
P9'Gna2 dos - un bellsco
eutre Ia flnrnenca gente.
De t0do cuanto en- la terra
continue l1qrido vierte
Sc dice que primo tres,
aunqte tan solo gotee,
eigno es da ortograffa
qTa los muchachos aprenden,
dos prGnaera, en- la escritura
de- I'm eInpleo rnuy frecuente.
Y la tOdo es una costa
que de las asas carece.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
VIM de LoeRoEo. bodegas de Garcia

ho as Anguciana Rioa eosecha de 1882 Este exec
2umco Municipal de egta oudad en- vista de Ia poporeo1s
RADIO Vino bueno exento de mpurezas noivas Ia saIud
cerifcado atesgua las exceencias del VINO DE LO
GRONO 10 disposition de los vero Los
nicos agentes que suscrben Sobrino tu a Compans
Lopreeos ouarerolas m6dcoG La docena de boe
uas vale $2-25. P.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09

El y0RTn.--Unico dep6sito del desa-
sredita<Io RON TOPACIO las tres 8. ST.
Este ron p6sirno, Internal y mata gente, SO
segala & los tocayos del establecimiento
20 centavos botella.
l0---Pavfa ---M' Arecibo
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
gR. n. M pONTE e R!J0.- CIRU-
JANOS DENTISTAS San Justo 81 ef-
qninR la Fortaleza San juan.
Ell EINO ENFERMO


Aqui mo tianes va, principe mic.
iCAnn ma gusta 4 mi verta contento!
-5Qu6 eetas noalito?. -dU:s beso?.. mo
Juno; ciento!
Pero te abrigar6. Isl tines frio!.
Toma esto dulce.-5 No? Lo quiere ri
I'll u!
iUtw ana, one ne es tuyo!-i Bioo! Ne
eiento.
Muy cerquita de ti.-tQue cuente TN cuen
(to?..
.-5Aquel de la hormiguita qu4 fac al rio?.
Bra esta vez vez una horniguita.
Lleg6k in pozo, & .'os pozcs, y i tres pozos
para lavar su rot a.. (5Avsr?.. iSudandoD
-5Q16 siga?.. 81, hijo, 81 OFi.bre
(nlaldita !
iQu6 Gu nto conta~6, 81 los sollozos.
itriste padre iafoli2! me estan shogandoO
r Rodr4yuez M.or5n
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
Julian slLYA.-sAN Jusro 1a.-

Depogto de Maqunas de coser, compra venta yaloui.
Ter. Sc dan aplazos siendo responsible Ia misma
Maquina; Sc hacen Las composiciones por dicles oue
sean, garantizandoas, Accessories aguias de todss
paebles VsadQa, ifl
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09

soluci6n q la Charada de aver
ABE ia
TRkSLADO,- El Licenciado seflor
don Rafael Lopez Landron ha trasadado bufete
10 Gale de la Cruz numero g. donde ofrece SER
vcios profesionaes Horas de consultas de una q
cnco de la tarde. 90-56
Lamp6rez lIega la ofcina las once
y media.
Las once media, Lamp6rez-dice
ell jefe -Todos los dias 10 1nissno.
Els que mi reloj atraaa.
-PerO & la hora de salir va bien.
T4amperez con la mayor buena f6
-Exa"to. y por cierFo que tambi6n g.
mi me txtTafia muchfsi1no.
nE$EA COLOCARSE ioven que
conoce la Teneduria de Lbros basante de contabili-
dad, perfeccionado en- ell Comercio, algo de agri-
cutura presentando las referenca que quieran,
de buenas casas de esta Capital En- esta imprenta
inf0rmaran.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
suARkRlO de Torres Roldan.-Une

STLR BKKIU ue IOELss rSoluaH;-OnS q
m6todo cuaidades esenciales que 10 han hecho STEM
pre- preferble todos los demas textos.2O' edicion.
Sc vende esta Capital en- casa de los senores P.
NOEL ca L. Solo S. en- c.; en- Ponce de don
Manuel Lopez en- el resto de la Isla en- todos los
establecimientos de importaucia.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1895-10-09
sOMRREROs DE PANAMA. Hernai,

u participant sus clentes al Comercio en- general
que han recibido nuevanente surtil.o de SOMBRE-
hOS DE CATACAOS recomendando los que necesi.
ten hagan pronto sus pedidos para poder servirIes
The herald., 1895-10-01
SUBURBAN SOLILOQUY

To be, or not to be.-that is the question
Whether IT'S nobler by ourselves 20 suffer
The sings and arrows of outrageous for
tune,
Or secure aid against sea of troubles,
And. thus opposing, end them? To
join, annex
No more; and. by that step. to say we
end
The slowness and the thousand daily
shocks
A suburbs heir to,-'tis a situation
Devoutly to be wished. To johann
nex;-
To wake! perchance to grow:-aye,
For in that Step Of growth what debts
When we havs shuffled off our litteness,
Must give US pause; there's the respect
That makes calamity of city life;
For who would bear the dull life out OF
town,
The oppressive quiet, the neig h Dor towns
contumely,
The tolls of ranching life. business delay,
The idleness in office, and the spurns
The small landholder of the buyer takes.
When he himself might soon his fortune
make
And live in town. Who would mere toll
ing BEAR
And grunt and sweat under suburb life
But that the dread of some almighty
debt,
In that engulfing city, from whose bourn
No suburb e'er returns puzzles the will,
And makes US rather bear those ills we
have,
Than fly to others that we know not Of?
Thus caution does make towards of us
all;
And thus the native hue of resolution
Is sicklied Ger with the pale cast of
thought;
And enterprises Of great pith aid mo-
ment,
With his regard, their currents turn
awry,
And lose the name of action.
:
The herald., 1895-10-01
AMARYLLIS

Some other heart than mine may some
Gay sip
The sweet intox ication of the south.
From out the folded petal of thy
mouth,
With lips that thrill to their e1tremess
tip.
Some other arm about thy willing waist
Will dra W thee close against some other
breast,
And wake thy soul into a wild unrest
Unknown till love was on it's altar placed.
Some manly head will! one day oroop, de
cline,
And rest, content, upon thy bosom's
snow,
On whose twin hillocks twin red roses
blow,
Through long, faint silences-'twill not
be mine!
Aye, all thy charms, like rich heritage.
Shall yield their fertile sweetness to
his touch
Whose hot kiss burn. into thy heart.
Thus much
The planets in thy horoscope presage.
And +? Al me, whose wistful gIancs
hath caught
The full orbed glory of thy luminous
Whose painting heart hath leaped be-
yond control
At beckon of thy love; shal have
naught?
-Ea1con
The herald., 1895-10-01
The Doctrine of Lubinlsm

The doctrine of Lub'nism is likely to
be to McKlinleyism what one kind of in
sect is to another in horticulture. Lubin-
ism makes it plain that the farmers OF
the country get no protection from the
protective tariff at all, while the prices of
what they produce are fixed in the free,
open markets of the world, That is the
first principle of Lubinism: the second is
that the whole people should be taxed to
pay bounties directly to the farmers to
make them even on what they have been
unjustly mulcted by the Mckinley sys.
tenn. But after Lubinism has demon
strated the first of its principles it will be
time to stop and arrange tariff system
entirely with reference to getting the
needed revenue to support the govern
ment, and without any regard to protect
ing anyone. Those in whose behalf pro-
lection is invoked never get dollars
worth of benefit from it.-Fresno
Exuositor
The herald., 1895-10-01
AN AUTOMATIC GOLD RESERVE

The difference between US and other
specie paying countries-for ours is as
yet specie-paying country, thanks to
President Cleveland lis that in the other
countries the government has nothing to
do with the money in which bargains are
made and settled. in which wages are
computed and paid, except to put its
stamp on certain pieces of gold to certify
that they are of certain weight and
fineness, and to prescribe that when pay
ments are made In these pieces the obi
gatien shall be considered lawfully dis
charged. How the obllgor shall obtain
these pieces of gold is no concern of the
government, nor is it any concern of the
government how many ounces of that
metal shall be brought to the mint or
how many shall be melted or exported.
Nor does it guarantee that banks shall
always have gold enough to redeem their
notes or pay their checks with in case
the noteholders and depositors for any
reason want gold. The utmost that 1t
does in such a case is to enforce penalties
for any breach of tile banks contract,
just as in othe, cases Of brea CHI of con-
tract
Now let US see what happens when
there is demand for gold for export,
in England. for example. If 1t is an I'M
usual demand. the bank raises the rate of
discount. If it has been lending at per
cent previously, it will now raise the
rate to per cent. This has a two-fold
consequence. 1t causes certain proper
ton OF the banks borrowers TO pay up.
All those to whom money is not worth
a per cent will pay their maturing bills
and not borrow again. These payments
are the equivalent of gold to the bank
as they must be receivable into gold at
the mint price. which is at the rate of f3
lis. 10%d. per ounce. The rise in the rate
OF discount is also an inducement to for
eigners to send money to London for in
vestment and this checks the export
movement. II the export continues. new
ertheless, the bank raises the rate of
discount another peg, say to 5 per cent.
This causes another lot of borrowers to
pay up and attracts more money from
abroad and has a still further effect,
which is really the most important of all.
As it forces borrowers to pay per cent
who were formerly paying only g.. COM
pels some OF them to sell their goods at
lower prices, and thus leads to an in
creased expectation of goods, which thus
take the place of gold in the country 8
foreign trade. As there Is no assignabe
limit to these operations, all proceeding
from the rise in the rate of discount, it
is plain That it is adequate to check the
expectation OF gold III every case. and
that it Is automatic, in the sense that the
government has nothing whatever to do
with it.
1t is needless to say that the same
course would be pursued here if the gov
eminent were restricted, as formerly, to
the monetary function of merely certify
ing the weight and fineness of CONS
New York Evening Post.