davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
RESULTS FROM A GOLD
PREMIUM.

II, as is greatly feared by many, In the pay
ment our dues abroad, gold exports should pc
come so large as to put gold at premium N
this country (which is possible, as II already
is at a premium in the majority of the coun-
tries OF Europe, it would raise the prices OF
farmers products. and all kind OF properly ana
securities. except those whose bonded obilga-
fions demand gold for interest, to the amount
OF the premium; and the farmers, who repre-
sent 40 per cent. of the people, and who are
mostly in debt, would have the benefit of pay.
ing their taxes, interest and principal, and all
other fixed charges, in whatever money they
received for their products, and with a smaller
nuriner of bushels of grain than at present
and thus, in many instances, escape the bank
ruptcy which now threatens them. And this
remark applies with the same force to all
other holders of all other kinds of property who
are now involved in Indebtedness, which do IS
not all for payment OF interest principal
in god so, alter all, we have reached point
where what would have been deemed great
caiamity a few years ago, would now be con-
sidered a blessing by 70 per cent. of our pro-
ducing population. In other words, at the
bottom OF The financial abyss we may at least
congratulate ourselves on having reached that
happy situation of the possible ultimate of our
comm erciai woes, from which movement, IN
any direction open to our steps. is progress
towards q better condition. we are at last
RAPIDLY approaching stable equilibrium OF
prices to ya.ues under the reduced money vol
ume. There may possibly be one or more
STRUGGLES in this financial war of the business
word before double standard prices shall be
bushed in death and the new order estab
lished; but in any event. the gold standard
-. f.r pff
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
THE SOLDIERS HOME.
Washiasion's Birthday Not Much Noticed
Next KseIey League Social Parry.

Togus, Feb 22.-(Special). The birth
day anniversary Of the ever-honored
Father OF the Country was not observed
hare particularly, today. but, this even
ing, we are to have lecture upon Call
fornia, I" illustrated by stereopticon views,
by Rev. 6. p. Thatcher.
Those who attended the Masonic fair In
your city report thoroughly good time,
notwithstanding the large crowds.
Friday evening, March 1, Kelley League
No. 2, will have another of its extremely
popular social parties in the new club
house. Mr. 4. McNabb, chairman OF the
committee of arrangements, assures the
writer that it is the intention to make
this party the best one yet. The floor
will be under the direction Of Lieut.. W..
s. Oakman, assisted by an efficient corps
Of aids. Music by Themes Orchestra, q.
w. knowlton, prompter. Special train
will leave Randolph at 730 p. NJ, re-
turning in time for Augusta parties to
connect with the Pullman at Gardiner
Refreshments win be served at the Home
restaurant.
BY special invitation the members OF
the Bubb Comedy Co will attend Prof.
Themes Sunday evening concert In the
Opera house, when an especially beauti-
full programme will be given.
Number of patients in hospital, 1877.
Number of members present on morning
report, 1875. General health, very good.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
FOR FINANCIAL PEACE.
"A Comprehensive Statement Of
Causes and Results.
Why We Have an Era Of Fall
ing Prices.
Interview With !. Marshall Freese.
Tbs One Great Demand OF the Business
World Now is Financial Peace.
Interview With !. Marshall Freese

The accurate and compre hensive knowledge
of finance eyinced by the opinions expressed
by Mr. /. N. Freese, of the Firm of Haight &
Freese, Bankers and Brokers, No. % Broad
way, New York, in the New York Commercial
Advertiser, indicates clearly one of the main
factors Of the great financial prosperity OF the
of the firm.
The opinions of theorists in finance, can
have but little weight without the sanction OF
such practical, experienced and successful
men as Mr.. /. NJ. Freese.
He is certainly to be congratulated on hay-
ing so firm grasp on, and so full comprehen-
sion of all the elements that enter into the
present complex financial situation, and he is
entitled to the thanks of tae public as well as
our own for his lucid and logical exposition
OF the question.
Mr.. Freese says:-"It has been unfortunate
raj interests of the United States, and of tho
World, that they have been compelled Tor a
period of thirty years to conducs their afalrs
while fierce struggle has been going On to
change the money standard OF the world. For
twenty-five years this financial war has been
waged in the United States. The victory has
been first on one side and then on the other,
but with uncertainty prevailing during all
this period as to what would be the final re-
suit.
The direct parties to this contest are money
owners on one side, and all kinds Of property
holders on the other. Money is the measure Of
values. The volume OF the worlds money
controls the prices of the worlds property
To increase the worlds money, every one
knows, is to increase the prices of all kinds OF
property This is called ''infiation." To re-
duce the worlds money is to reduce the prices
of all kinds OF the worlds properly. This IS
called s.cout ractiDu,'
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
SONS or THE REVOLUTION.
Maine Branch Of the Order Holds Annual
Meeting at Portland.

Portland, Feb. 22.-The annual meet
ing Of the Maine Sons of the Revolution
was held here, today, and the following
officers were chosen: President, George
+. Talbot, Portland secretary, Henry 5.
Burrage, Portland; registrar, Hon. j. II.
Drummond, Portland; historian, Charles
f. Banks, Portland; chaplain, Francis B.
Davis Portland; councillors, Warren H.
Vinton, Gray, W. A. Goodwin, Brown
Thurston, H. X Harmon, Il. S. Drake,
all of Portland.
After some discussion it was voted to
admit Capt. Sopiel Selmore, descendant
of the chief of the Passamaquoddy
Indians, who fought in the Revolution.
At the Preble House, this afternoon, the
annual banquet was held with an attend
ance of about 200. After dinner adj
dresses were made by Hon. NJ. L. Frank
of Portland: Mrs. +. p Wilson Of Deer,
ing; Rev. Geo. NJ. Howe of Lewiston and
others.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
ACQUISITION OF PROFITS.

The question as to whether banks instead of
the Government shall be allowed to issue notes,
is. simpy.a question, for me present, as to
of dollars annually accruing to the use OF this
valuable privilege. The Government has this
profit now, and the banks want 1t. What its
future effects may be, should the banks sue
ceed in their attempt, TO the way OF expansion
or contraction of outstanding money, thereby
advancing or lowering prices OF all other kinds
of property, is another question; but in ITS
relation % present prices does not need con-
sideration beyond the statement, that II such
a privilege be granted, the probable immediate
erect will be the use OF the privilege py the
limit. that they may invest it in the purchase
of ali kinds of securities and property at the
present low valuation.
In passing, / wish to say that the use of the
word elasticity" in relation to money, is q
singular perversion implying misconception
of the defined uses OF money. Money, as
measure of values, should conform to the best
ascertainable, fixed ratio of money volume to
property values; hence to speak of the ''elas-
ticity'' of money is equivalent to saying that a
ward stick should be elastic, or foot-rule
should be elastic. or that gallon measure or
a pound weight should be subject to constant
change in the number of fluid or avoirdupois
ounces which these standard measures of
liquids and solids are supposed to represent.
A simple tax on any article of general con-
sumption, to equaize the Treasury's income
and outgo, is all that is required to give this
country financial rest and consequent power
and opportunity for business recuperation.
1t is probable, however. that the agitation for
the RECOMMENDATION of silver vii! continue with
increasing force, in this country, and with less
resistance from Europe. now that the long
continued campaign of European shorts
has been signally won After the settlement
of the Treasury's income and expenditure ac-
count. either by a small bond issue from time
to time, or what is far better, temporarily
increased tax on some article of consumption,
the tendency of prices for the remainder of
this century, will be zigzag upward; and pur-
chases of the securities of intrinsically sound
properties and the products Of the soil, will
make fortunes for those who invest i'll
them or crate for the advance"
Very truly yours,
/. MARSHALL FREESE.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
Daily Heuasbts yaurnat

CARDS OF THANKS. OBITUARY NOTICES. Rsso-
LurIoNs OF RESPECT, ETC. will be charged at
the rate ef ten cents per line. No charges
less than seyenty-five cents.
ALL ADVERTISING ANNOUNCEMENTS OF Rs
rERrAINMEsTs. whose object is the raising Of
money will be charged at the rate OF fifteen
cents a line.
ADVERTISING NOTICES. news form, will be ex.
cluded from our local columns. except such as
refer to advertisers occupying space in our
advertising columns, and will be run under q
separate head on one Of the local pages.
Subscribers who fail to receive the Journal
promptly will confer favor by notifying tn
Office Immediately.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
Congressional Notes.

=, - r,,...1.L,,., I1,iJo, LIZ l;roo
senator pnaoNuun' ~ ~,
tioh Vi .he lnaIory =, VIZ ,,a,,,a,,. 60
appropria1ions, oi.ereu uu n nn'.,aon Gov ~
the sunary civi piil WniIn p'o' ,uos .o
the payment u 'ne susal oounS' u
to be que by Une ooihesuic sugar sio"eis
The President has approved the joint
resolution extending from March /, 1895,
to April. is, 1895, the time for making re-
turns Of incomes for the year 1874, under
the income tax provisions of the revenue
act of 1894. The President has also APP
proved seven private pension bills.
nj. tIouso committee on merchant
.ris. and t,sheries Fridov ordered n
rn a rcnprt nm tbe senate hill 10 most
49, ~ onforcomcnt If the act of An
pun. . ,Uoo - aI',rt roan,otiops for nre-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

has been materially iessened by the feIcc
liquidation following the ..Object Lesson OF
49, and continuing up to the present time;
1t Is true that the loans OF the associateu
banks in this city are very great; but they are
largely OF . financial character as disuH-
gufshe.i from the commeicia variety and their
iiqui1atio if called for or desired, would noi
have tine effect of an enforced commerciali
credit contraction like that through wnlcn
we have recently passed.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

The Kennebec Steam Cleaner is open
and running early this season, for the pen
eft Of carly housekeeping. The regular
running days are Tuesday, Thursday ana
Saturday Of each week. Send in your or
ders the day before running days in the
carly A. NJ. Please remember this Ken
ncbec Steam Carpet Cleaner, City.
feb20d2w
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
NEARLY A TRAGEDY.
W. S. Reeves Of Boston, Surprises His Wife
Under Compromising Circumstances.

Portland, Feb. ga dramatic scene
resulted on W. S. Reeves of Boston, find
ing his wife, member of the Hands
Across the Sea" Company, in room at
hotel with David Il. Dow also of the com
pany. Revolvers were drawn and blood
shed was narrowly ayerted.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

An oil stove in the Home Treasury
office was turned up too high, yesterday
afternoon, and no one being present soon
filled the room with smoke. A window
on the front of the building was opened
and the smoke poured out. People
thought 1t was fire, and an alarm was
rung in. No damage.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Judge Andrews informed the Journal
yesterday, that the caucus of the Grand
Lodge of the A. o. u. w. will be held at
the American House, Boston, Monday
evening" at 2. 30 O'Clock.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

The Capitol Hose Company is feeling
jubilant over the result Of voting ON the
firemen's trumpet at the Masonic fair
and this handsome trophy will adorn the
neatly furnished room in the hose house
of this company.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Mrs Twitchell, Mrs. Patten, Mrs. C. f.
r. Patton and Miss Sadie Watson were
among the Bath people in attendance ON
the Governors reception.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Arthur Donaldson had one of his hands
severely iammed, yesterday, and one fin
ger torn off while packing boxes at the
vickery & Hill Publishing House.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

In the office of the Augusta Enterprise
Supply Company are many artistic speci-
mems of the skilled pen drawings by Ar.
fist W. Fl. Lyon, viii CHI are very orna-
mental
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
Postmaster Sweet OF eastport.

Washington, Feb. 22.-The Senate, to-
day, confirmed the nomination as post
master of j. Il. M. Sweet, Eastport, Me.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

John Harvey Of Oak street, Biddeford,
anefl So, was found dead in his pig pen,
Friday night Death was caused by heart
disease. An inquest will be held.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Insurance Agent Dunlap of Portland,
arrived in the city, Friday morning at
$50 and left at $40 p. NJ. During that
time he wrote 1888, 900 worth of life insur-
ance
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Rev. G. 5. Cummings and Judge A.
G. Andrews addressed large meeting of
A. o. U. W. members at Brewer, last
evening.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

The sale of cake, doughnuts, candies
and other delicacies will be held ut tho
Unitarian parlors from three to five
o'clock, Saturday afternoon
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
Local Notice.

Have you seen the '95 Monarch bicycle
in the window of the Masonic tempie'
Call and see them. Open every evening.
feb15dtf
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

C. f. Tallman of the U. 5. Navy and
Miss Tallman of Richmond, were guests
at the Cony house, yesterday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
UNCOVERED PAPER MONEY OUT.
SIAMQlMC

There is q possibility of danger ahead in an
attempt to destroy the worlds outstanding,
uncovered paper money, amounting now, in
round numbers, to twenty-five hundred mill
lion dollars But, in every country, excepting
the United States including the United States
to the extent of two hundred million national
bank notes., this paper money is profitable to
private individuals, corporations or ruling
houses who are separated from, and hostile to
the masses of the people on this question,and
it is probable that no attempt VIII be made
during the remainder of the century at least,
to reduce the volume of this kind of money.
1t is individually profitable to let it stand, or
even to increase 1t, to those who issue it. and
the resistance to its destruction would be too
powerful to be overcome, and it would divide
the forces of those who have sought the des-
truction of silver. The proposition to destroy
the three hundred and forty-six million
greenbacks in the United States, is always &C
companied by q provision to substitute some
other kind of money IN their stead; and no
competent authority believes that it is pos
sble for the existing amount OF money III the
United States to be further contracted IN large
amounts.
Taking this wide view,therefore, of the none
tary situation OF the world, my answer to the
several interrogatories put by the COMMERCIAL
ADVERTISER, as to what is best to do under the
circumstances, is to recommend that course
on the part of Congress, President Cleveland
and our banking institutions, which will give
to American business men. and American
farmers, financial peace. But, whatever may
be the policy of United States legislation
hereafter, it is gratifying to know that moth
ing can be done that will further educe prices
of property, products or labor, which are now,
gold standard basis. Present prices may de-
| cline somewhat by the operation of existing
causes. but further money legislation cannot
| depress them.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

There was a runaway ON State street,
yesterday afternoon, and the sleigh was
badly smashed.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Walter Bascome, clerk in Il. K. Davis
& Co. S clothing store, is confined to his
home by sickness.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Mark Rollins, who was county treas
urer for some time was here from Water
vile, Friday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
Local Matters.

Nelson Crane is in Boston for few
days.
Charles Grecnleaf's funeral at 10 A. NJ.
today.
The slight fall of snow made travelling
much better.
Miss Trott of Riverside, is visiting Miss
Molly Myrick.
+. II. Partridge returned from Boston,
Friday morning.
Senator Penny's wife and Miss Osgood
are here with him this week.
W. III. Holmes Jr., is here from Colby
university visiting at his home
Mrs Wildes and Mrs NJ. T.. Pooler of
Skowhegan were at the reception.
Landlord Heselton of Hotel Heselton,
was here from Skowhegan, Friday
G. S. Brooks is in the city visiting his
father, j. d. Brooks, Gage street.
Mrs. Carrie f. Raynes is sick with the
la grippe at her home on Federal street.
One drunk in the police court yester-
day, and he was released to leave the city.
Ex-Councillor Pettingill and wife and
Hon. Geo d. Bisbee and wife were Mt the
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Mrs. Seiders, Miss Soldiers and Miss
Dow are spending the week with Presi-
dent Seiders.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
EFFECT OF FURTHER AGITATION

All those people who believe that higher
prices FOR labor, higher prices for wheat and
all the other products of the ground; and
higher prices for real estate and the products
OF the loom. would be beneficial in aiding
business. have the satisfaction of knowing
that any further agitation of the silver ques-
ton, which seems imminent. looking to its
reorganization and the consequent expansion
Of the volume OF the worlds money, will be a
sumulant to all the markets for properties,
products and securities; and not, as hereto
ropean credits and consequently depressor
OF American prices. Prices of American secu-
rites, which have had an international mar
kets have fall. n to quotation SO low that it is
impracticable to continue liquidation. and un-
profitable, if not impossible, to sell them
"short's for future delivery with hope of
American securities, has practically ceased,
and therefore, there is no danger of stopping
an income from that source.
Danger Of contraction of our domestic loans,
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
NEW ADVERTISEMENTS TODAY.

Epp's Cocoa.
c. &. A. Cigar.
Epilepsy cured.
Wanted-Girl.
pennyroyai Pills.
Wanted -BottIers.
NEUTRALITY-SUSPICIOUS.
For Financial Peace.
Parker's Hair Balsam.
Garfield Dress Shield.
Wantcd-P,aces for girls.
Wanted-Agents to sell books.
Wanted Silvsrwarc TO plate.
Statement OF Connecticut Mutual Life ms
surance co.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Ex-Councillor Pettingill and wife and
Hon. Geo. d. Bisbee and wife We're at the
reception.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23
.CLARk'S :. o..
Thoroughly
Practical
PATENT :; : :: .: &C.
- - - ea@So
.DROP.AXLE
DELIVERY j. y; ;:: ! =: !; H.:
Business Men oil
WAGON. ' u NJ .; ~, ~; .: ):
RRR II nnAT This Famous
WB II u1I a.

The drop-axlc wagon that we bought of you
last season are very much pleased with.
Being low it makes the work of handling
stope-. furnaces, radiators, etc, very easy.
We would rot go back to the old style wagon
for twice the price of the new one.
Yours truly,
Augusta Me- j. Fl. CoGAE 4 Co.
The drop-axle wagon came according to con-
tract and is very satisfactory. Think 1t is the
best Grocery wagon in town.
Very truly yours,
Lewiston Ne. +. L. MILLS.
We are pleased to 'ate tnat we have had one
of your dc axle wagons in constant use for
several years and il has proved in every way
entirely satisfactory. Yours truly,
6. L. & II. L. SHEPHE- d 81 Co.
Rockport, Nc.
Manufactured by
HIRAM CLARK { CO., A'f g:
All kinds hard wood lumber for SALE Circu-
lar and band saving and planning done to order.
f9p2leod6nos
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

One drunk in the police court, yester-
day, and he was released to leave the city.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-23

Mrs. Carrie f. Raynes is sick with the
la grippe at her home ON Federal street
Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1895-10-04
HARTMAN AND SILVER POLITICS
The Montana Congressman Names a
Presidential Ticket

The Montana Congressman Names q
Presidential Ticket.
Washington, Sept. 2s.-There are eight
or nine silver producing states that WILL
under no circumstances, cast their cleo
toral votes for a presidential candidate
that does not favor the free coinage Of
gresham from Montana. who has re-
turned to Washington and is locating his
family here for the winter. MY own
state, Wyoming, Utah, Colorado, Idaho,
South Dakota, California, Oregon and
Washington, in my opinion, will never
let their votes be cast for single gold
standard candidate. If this should serve
to throw the election In the house, the
states l have named will come pref
ty near holding the balance of power,
and it goes without saying that IL they
do WELD this power. a candidate of pro-
nounced silver views will be chosen.
1.-THE preference of the silver states,
whose votes naturally belong to the re-
publican party, is for Senator Cameron
for president and Senator Teller for vice
president. There Is a ticket that would
sv eep the country. In the west it would
ca Try almost unanimously. If, however,
our interests are ignored, and no consid-
Grafton is shown to silver, then we must
look out for ourselves and strike a blow
In our own defense. For one, hope that
there will be no breakdown or compromise
on the position that the people of my
section seem united on-no electoral vote
for the nominee who will not aid us In
the rehabilitation of silver"