davidaulloa/AmericanStories huggingface dataset:
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
NEWPORT NEWS POLITICS.
Thc Two Democratic Clubs and the
Citizens Ticket.

NEWPORT NEWS. April 1.-tSpecial)-
The latest bomb exploded in local political
circles comes in the shape of new party.
which terms itself the citizens party"
nd which will place an independent ticket
In the field for the spring election. The
Young MEMS and Americas Democratic
clubs have issued a call FOR ward mass
meetings tomorrow night to elect a City
Democratic Executive Committee.
THE OTHER CLUB.
The Newport News Democratic Club,
which claims the largest membership OF
any Democratic club in the city, has stood
of for some time for a committee TO be
composed OF delegates from each Of the
clubs in the ratio Of one delegate for
every twenty-five members. This club
has also announced its intention OF not
entering the primary. The Republican
party is also divided to a great extent,
strong differences existing between what
is generally termed the "Clay faction"
comprising the Huntington Republican
League Club, and the Gordon faction"
supported by the Newport News Republi-
eau Club.
CITIZENS TICKET.
These existing divisions In the two par
ties have caused a large number of promi-
nent and influential citizens to decide
upon the formation OF a Citizens ticket"
in order, as they claim, that our rising
young city may be governed by the best
men, regardless of politics" Ii is ex-
pected that this new movement Will as
sumo definite shape In the next day or
two. one OF the strongest leaders In the
new movement informed your correspond
ent that the people of Newport News will
have an opportunity Of identifying them
selves with the citizens party before the
ward meetings called for tomorrow night
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
RICHMOND TOBACCO MARKET.

Richmond, Va, April /, 1896.
No auction offerings on Change to-day.
Private sales: Filters. s; wrappers, s;
cutters, =: dark leaf, q; Tugs, 4. Total, II
hogsheads.
Revenue collections: Cigars and cigar
cites, $3.50; tobacco. H.s69.S. Total,
$6l65.l6 =,
No loose sales to-day. There will hardly
be a bright loose sale tomorrow. but
Crenshaw's Warehouse will have small
dark loose sale. :,
The market is very quiet to-day in all
branches. The loose sales for March
were sO6 2ss pounds. and from October lst
To date 3,30s l33 pounds. against 6.5Ss .sst
pounds for the same period the previous
year.
tobacco drummer out for weeks getting
up a special sale for April nth. the sx-
' sheIburns's warehouse viii have big
sale on the same day.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02

While engaged In the work the COM
misSlorers are TO receive $40 per day and
certain expenses.
Tho biz was referred. but will hardly
mass this economical session.
Representative Turner, OF Virginia, in
troduced a bill providing for the preservs-
ton OF the grave OF General Daniel Nor
gan, and for erecting a monument over
the same az Winchester, Va. and appro-
pratlng 5000 for this purpose.
Representative Tyler to-day appeared
before the River and Harbor Committee
and made strong argument In favor OF
the proposed special improvements in Nor
folk harbor, on the estimates submitted
yesterday by Captain Casey, Of the Engi-
neer Corps. He also introduced a bin
appropriatlng $4,000 for post-offce build
ing al Fort Monroe. which was referred
to the proper committee.
JEFFERSON PAPERS.
The sundry civil appropriation bill be-
ing under consideration, Mr.. Bartlett, OF
New York. offered an amendment
appropriating $1,000 for the pur-
pose of having copied the papers
OF Thomas jefferson. which are
among the Revolutionary archives IN
the State Department, but the amend
ment was defeated on a point OF order
Mr.. Bartlett made n strong argument IN
favor OF preserving these valuable re-
cords. which are now rapidly decayinG'
but Reeds economic-business policy pre-
vailed
Marriage licenses were issued to-day TO
Samuel Jenifcr, of Hampton, Va, and Ma
tilda johnson. OF this city, and ROBERT
Barnes. Of Wilson. n. C., and ANNE
Washington. OF this city.
DIR I, NJ. Curry, who has been absent
for a dav or two. returned to-day.
Among the Richmonders who passed
through going North to-day were Messrs.
John Dunlop and T. L. Courtney. Jr.
MIR. r. NJ. ward, of the Winchester
News, is I'm the city.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
MARKET QUOTATIONS
REPORTS FROM ALL GREAT KusI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, sfocKs'
Grain. Tobacco, Cotton Cat''e'
Country Produce, &c, Foreign
and Domestic.

NEW YORK. April 1.-Operators az
the stock Exchange were waiting all
dav for the. action OF the directors Oh
the American Tobacco Company OH tne
dividend matters. For days It mas oeen
generally understood that the company
intended to resume the payment OF cash
d,vidends. Remembering the star-cham-
Der proceedings OF the management iaS'
December. when the first knowledge OIL
the fact that the company had passed
from the dividend-paying list was con-
viewed through an obscure channel the
street was inclined 10 hold of. IL VIII
also be called to mind that the oiilciais
NJ the company were brought before
the Governing Committee OF the STOCK
Exchange. and IL was question Tor a
time whether the stock OF the company
vvouId he permitted to remain on the iist'
Naturally pending an Official statement
onerators were disposed to go slow
II was not until the adjournment oil
the board that the street had any IDEA
~ the action OF the directors. shortly
after 3 o'clock it was officially announced
that the directors had declared
dividend Of 2 per cent. cash on the pre-
ferred and per cent cash ana ~ pei
cent. in scrip on the common. After the
close the common was bid 'or At 'o'
against 50 81. the final TRANSACTION az
the Stock Exchange. 1t was inquired tha'
at the closing price the stock, WIN
the new privilege, Is worth Ho OH
paper.
ticularly Sugar, Distillers' fa'her Pie-
ferred. General Electric, and Consoh-
dated Gas. Railways were also stronger
and better figures were recorded Tor the
Changers, Louisville and NASHVILLE anu
Manhattan. ,.,
The talk Of gold exports was ignored.
accommodating statements that a
,or,noission house intended forwarding
81 90 by Saturdays European steam
ers.
THE market at the Stock Exchange
cIosad ot,iet I'm tone. On the curb. how
over there was lively trading In To-
hacco for fully two hours after the close
OF the Exchange.
Net changes show losses OF l-SG7-s PEI
cent I'm the railway list The Indus
trials. however, gained l-sal per cent.
Manhattan advanced / "a, ana Readihs
l per cent ,
The total sales were 14i39i shares. In
c,udiur Il 500 Tobacco. 13.So Sugar, n'so
81. paul. 500 Burlington and Quincy,
and 700 Distilling and Cattie-Feeding.
Bonds were active and strong. Inc
sales footed up sl,Si,OW.
Treasury balances: CON- Si@'foo'"i'
currency. s0s,6iS'oe2.
MONEY AND EXCHANGE.
Money on call firm, at 3Gi IL per cent;
last loan at 3l-2. and closing offered at
S1-2: prime mercantile paper, 5l-2gG per
Bar silver, ss1-s. Silver at the board
was easier.
sterling exchange barely steady. with
actual business In bankers bills at
s1N 3-+GSi.ss for sixty days. and As S-ilp
a. 50 for demand; posted rates. S.@asl0;
commercial bills. sass 3-4aSi@ IL.
Government bonds firm. State bonds
duII Railroad bonds strong.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
DROWNED WHILE FISHING.
Mr.. william G.. Fox, Hotel Pro-
prfctor OF Crcwc.

CREWE. VA, April 1.-tSpeclal)-Mr.
William G. Fox, was drowned in Fitz-
gerald mill-Dond, near Nottoway Court
house. about 9 o'clock this afternoon. He.
together with J. w. Butler and t. Il.
Pond, all OF this place, were in boat
fishing, when in some way the boat was
overturned Mir. Pond swan out ana
handed pole 10 Mr.. Butter, whom ne
succeeded In getting out, but before as
s,stance could be gotten 10 Mr.. Fox ne
mad gone down. afr Fox was originally
from Morristown, Ind. lie married a Miss
Allen, Of Farmvile, daughter OF Mr.. X.
Il. Allen, OF that pace. lie came 70
Crewe several months ago and opened
the Mineral Hotel, Of which he was one
Of the proprietors, the firm being Allen
& Fox. He was about - years OF age,
and leaves a wife and one child.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
DR.. DaYid'S IOdO Perrated Sarsaparilla
not one has said it is not all We
claim for il.

not one has said 1T is not all We
claim for it,
For SCROFULA, BOILS, PIMPLEs.
and ALL DISEASES REQUIRING
BLOOD CLEANSING,
IT HAS NO SUPERIOR.
II you suffer languor, are Indifferent TO
what is going on around you. If you are
ALWAYS TIRED and need building up.
DE- David's Iodo Ferrated Sarsaparilla
is lust what you need, and only a few
days trial will convince you.
II IS the BEST ALTERNATIVE TONIC
KNOWN. and will give life and activity
10 the LIVER and BLOOD. Get your
system in thorough order that you may
be able to Withstand Grip, Rheumatism.
and Malaria.
DIR. DAVID'S IODO FERRATED SAR-
SAPARILI4A makes pure, healthy, rich
blood, and expels all humors from the
system. and gives health and strength TO
the body. Physicians prescribe and re-
commend DR.. David's IOdo Ferrated Sar-
saparilla. and find IL does just what they
expect OF IL
1t has cured many others, and will
CURE YOU. When you have been cured
by II tell others about II, that they may
take It and be cured.
DON'T FORGET. II you have any Blood
or Skin Disease. or If you have that
tired feeling" TO take DIR. DANIDS
IODO FERRATED SARSAPARll.LA. II
will cure you.
For sale by all reputable druggists.
NH 18Th. Su&Tutcfr
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
CmARLoTTEsvILLE's BUDGET.
Reduced street-Car Fnre-rwO Pcti-
lions.

CHARLOTTESVILLE, VA. April IL
Special Miss Eva Parrot, daughter OF
n. h. PARROT. Esq. Of Greene county,
died last night, at the home Of her ia
Their.
The street-car company of this city has
reduced the fare to Fry's Springs to 3
cents.
The Chamber OF Commerce has asked
the Chesapeake and Ohio and Southern
railways TO give a one-fare rate for the
round-trip on Mondays and Saturdays
during the summer from certain points
on their respective roads 10 this place.
A petition is being circulated in this
city. praying the powers that be- TO
establish a daily mail route between Char
lottesville and Scottsvil.e. The mail for
Scottsvllle now goes 10 North Garden
and is then sent 10 Scottsville.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
-=a---------1 |---=---= = -
MARINE INTELLIGENCE.


PORT OF RICHMOND. APRIL !, 1898.
ARRIVED.
Steamship Richmond. Davis. Norfolki
Old Dominion Steamship Company.
Schooner Fred. A. Emerson, Blake,s
Rockland, lime; Warner Moore x Co.
SAILED.
Steamship Richmond. Davis. Norfolk,
Old Dominion Steamship Company
Steamer Pocahontas. Graves. Norfolk:
Virginia Navigation Company.
Schooner Robert G.. McQuillen, Bake,
Philadelphia; railroad ties
PORT OF NEWPORT NEWS. APRIL L
Q3y telegraph.)
ARRIVED.
American steamship Shawmut, Boston,
Captain Allen.
Barge Rlngleader Boston: Keene.
SAILED.
Schooner Eagle Wing, Fall River.
Schooner Il. Barnes. New Haven.
PORT OF WEST POINT. APRIL l. 1895
(By telegraph.)
ARRIVED.
Steamship Baltimore, Murphy, Balti
more; passengers and freight.
SAILED.
Steamship Baltimore. Murphy, Balti.
more: passengers and freight.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02

VIII lie Held This Year In Char
IOttesyifle.

CHARLOTTESVILLE VA. April l.
Special. THE School of Methods, which
for the past four years has been held
I'm Bedford City. will meet this year IN
Charlottesville. The CITY Council ana
county school boards have made the ne.
essary appropriation TO seure the schooi
Five hundred teachers are expected to at
tend the school, which will continue IN
session for four weeks, commencing June
I'd
on account OF rain the Boston base
bail team did not leave this morning
for Lynchburg. and the games In that
city and Roanoke have besn cancelled.
The team will leave Sunday afternoon
for Norfolk.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
BALTIMORE STOCK MARKET.

BALTIMORE. MD, April 1.-virginla
3s. new, 72G7z l-2; do. Century bonds,
6lG6l l-2: Baltimore and Ohio, lsQls 1-2:
Northern Central. 20 asked: Baltimore
and Ohio Southwestern. Est. "a l-2qlO0:
Gas. stock, 65 3-Sa65 rs; do. bonds, 6's,
1i0Gl1i: do. SIS, 102 l-2GlOi
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
RICHMOND LIVESTOCK MARKET.

Richmond, va, April ], 1875.
Cattle-Receipts. 80 head; sales 80
head. Sheep--Receipts. 100 head; sales.
100 head. Hogs-Receipts. 800 head sales,
400 head.
Prices: Cattle-Best, 3i2fi+ 1-4c.. gross;
medium to good, 2AuS l-4c.. gross; com
&c.. gross; sheep. Slsu4isc., gross; hogs,
4@iH5 lac, net.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
LONDON AND PARIS.

LONDON. April 1.-Bar silver. 81 1-Sd. !:
Consols. 100 Ills for money, and 100 1915
for the account.
$50 =. M.-Paris advices quote per
cent. rentes at 10lf. ~ l-2c. for the ac-
count
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
We Have No Pictures

to show, nor would we force down
your tbroats 10y certificates of miracu-
lous cures from ex-Governors, judges.
or Presidents the medicine We wish
simply to call your attention to.
OF the numbers right here in our
city that have taken and been cured
lv
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02

Richmond. Va. April !, 1896.
Quotations. Wheat-Longberry, 76lg7sc.
mixed. I5q7sc.; shortberry 7ia7Sc. No.
2 red, 77N7Sc. Corn--White, Virginia,
3Gc. No. 2 white. 35ieH3sc.: No. mixed,
sc. Oats-No. mixed. 2i4c. No. 8 mixed,
2ic.; winter seed, 2SQ32c Rye--454l 3c.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
RICHMOND srOCK MARKET.

RIcHM0so. April I, 1893.
ShLEs.-Richmo city IS, due October, 1904,
1000 at 122: Richmond city Sc, due May,
1900, 5000 at 1873.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02

UNION STOCk-YARDS, III, April T.
Cattle-Receipts. 600 head; market firm
and &C. higher; common to extra steers,
S2.3JGS3.30: stockers and feeders. $3.50
1885; cows and bulls. 81 .504S3.25; calves,
Ssas5.i0; Texans. $2.25us3.7J
Hogs--Receipts. 1900 head; market
steady; heavy packing and shipping lots.
$3.50 1915; common 10 choice mixed, III n
$3.50; choice assorted, siQAiO; light. $3.50
81: pigs, SUA.
Sheep-Receipts, 1900 head; market
steady; inferior TO choice, 900 $3.50;
larha q SlIfsl II
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02

prices unchanged. No. 2 spring wheat;
No. 2 red Go 3-su66 3-sc. No. 2 corn,
242,G2i 7-Sc. oats. 19Ql9 3-Sc. Mess pcik,
sS.5Onss55. Lard, sJ.,SaS.Wis. Short-rib
sides $4,000 $67h. Dry-sated shoulders,
S450aSi Short-clear sides, $ie2h9
Si75. Whlskey, sl22
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
BALTIMORE PRODUCE MARKET
BALTIMORE. April Flour - L

BALTIMUKE AprT I-fIour : IN"
changed.
Wheat-No 2, red, spot, and April.
72Iad724.c. May. 60 l-i169isc.; July, 65l.io
694c.; southern, by sample, 76u77e.; do,
on grade, 72u75c.
Corn-Steady; mixed, spot, and month,
80 7-Sd3ic: May, 34ei4 l-Sc.; steamer
mixed. 32Aq3ic.; southern white. 3il2c.
bid; do. yellow. S5q3sc.
Oats-Easer. No. 2 white western, ESQ
26l5c. No. mixed do. 2rzc.
Rye-Steady: No. 2, i2I2uf3c. for near
by; 45H46c. for western.
Hay-Steady and in good demand at SIG.
Grain Freights-In better inquiry and
unchanged
Butter-Steady at 22c. for fancy
creamery.
Eggs-Flrmer at 11iS412c.
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02

Kye-Steady: No. 2, i2izai3c. for near
by; 45a46c. for western.
Hay-Steady and in good demand at SIG.
Grain Freights-In better inquiry and
Butter-Steady at 22c. for fancy
creamery.
Eggs-Firmer at 1li5912c.
CINCINNATI.
CINCINNATI, o.. April 1.--Flour-Falr-
ly active; winter patents. s5.c04S.9O;
spring patents, $S50as3.s5.
Wheat-Quiet and firm; No. red no
Gorn-Active and unchanged; No. 2
white, 3olsc.; No. 2 mixed track %'Tc';
oats-Steady; No. 2 mixed. q Lie; No.
white, 22lac.; No. 2 white western, 2lisc.
Pork-Qulet and easy; mess, 50; clear
mess and family, $40
I.ard-Quiet and steady; steam leaf,
5Lc.: kettle lard, 5l2c; prime steam. Sc.
Bacon-Quist; loose shoulders, BE-; loose
Dry-Salted Meats-steady; loose should
ers, fsc.; short ribs, NC; short-elear
Whiskey-steady at si22.
ST. LOUIS.
ST. LOUIS, April L--Flour-Dull end
unchanged; patents, S0as37O: extra
fancy, s33elt3.iO; fancy, S2.WetS.
eat-IIighea: April, g i-ic.; May.
50 s-sg59lIe. asked; July, COO; .,. oszsa
lDItl--itiEIffs Apllts -cllNst @idgs q otf
&c; July. 27AMG I-sc.
Oats-Higher; April, 1876: May, 10 l-sc.
bid: July, lS%c.
Pork~s STANDARD mess, ssc2,s; old. ssl2H
Iard-Prime, $3.50; choice s+s5
Bacon-Shoulders. . l-4c.; longs, 3-sc. /;
clear ribs 5ixc. clear sides, 5i2c.
Dry Sailed Meats--Shoulders. DC;
longs. sc; clear ribs, &c; clear sides,
7-sc.
High wines-steady at SIP
THE COTTON MARKETS.
LIVERPOOL. April L--l2:30 r. Moot
ton-Demand moderate prices unchanged;
American middling. 4 i3-32d.: sales, 1890
bales; American. 9,l00 bales; speculation
and export 800 bales: receipts. 1890 bales,
American, 3i.900 bales.
Futures opened quiet. with demand
moderate. April. I ls-6h.; April and Nay,
l6-6in4 l,-64d.; May and June, l5-siu
I l7-Cid.: June and July. i4-e4Gi l5-eid. !:
July and August, iz-st14 N-6ld.; August
and September. io-et44 n-sid.; Septem,
Der and October, 3-std.: October and
November. 3 Ss-6id.; December and jan
uary. el-Gld.
Futures steady; tenders, none.
ding clause April. 4 fs-sad.; April and
June, ls-6t4s Is-6id, buyers; June and
July, i3-sifls i4-e4d., sellers: July and
August, 4 l9-s4d. August and septsm6er.
s sessd: 6 SsHss0s and sns
December. . ss-saqs eo-Sid.. sellers; De-
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-02
GRAIN AND COTTON EXCHANGE.

Richmond must have ten years OF longer to
maturity.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-10-30
A Lesson to tho Votcrnn.

The annual encampment the Grand
Army of the Republic. at ST. Paul, makes
II apparent that the roll is rapidly thin
ming, and that before long this grand
organization will live only in memory.
The roster showed n decrease of II. 900
in membership during the year. or
these 1928 answered the last summons
and while those mustered in numbered
but 13.467. the suspensions. possibly due
10 hard times, numbered 2S.033.
These tables furnish an interesting
study to the veterans. and those who
cherish the q. a. y. When men End IL
difficult TO support themselves end fam
lies, the dues of the society or the G. 4.
j. become q severe tax.
BY no other circumstance can so long
a suspension list In the Grand Army of
the Republic be accounted for, and II
demonstrates the necessity for more
money. and a policy which will mean
prosperity to America.-Philadelp
Item.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-10-30

We favor the piim'ssion OF the territories
OF New Mexico. Arirons aud Oklahomn
into the nniCn as States. and we favor the
early admission OF all the territories have
ing the necessary population and resource
TO entitle them 20 statehood. and whild
they remain territories We hole that the
omcials appointed 90 administer the govS
ernment of any territory together with the
district Of Colosabia aud AlGsks should be
bona ade residents or the Territory OF dis
trict IN which the duties are 60 be pers
formed. The Democratic party believes
IN home rule aud that sll public lands Of
the United States should re appropriated
to the establishment pf free homes fos
American citizens
We recommend that the territories of Alas.
ka be grau.ed q delegate in Congfess and
that the general land aud timber laws of
the United States be OFFENDED 10 said ter
ritory,
The Monroe doctrine, ms originally de-
clared and interpreted by succeeding
presidents, as permanent part of the for.
e'gn policy of the United States, and must
at all times be maintained.
We extend our sympathy 20 the people
OF Cuba IN their heroic struggle for liber.
ty and independence.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-10-30
MEANINGLESS PHRASES.
How Gold Is "Drivcn Out".-"Unlimited
QuantitIes'' OF Silver

How Gold Is Driven Out"-"Unlimited
QuantitIes'' OF Silver
The gold men have some stercotypctl
phrases, handed down from the eastern
tnancicrs, that they never lose an OBJ
Portunity TO use, such as cheap money
(silVer) always drives the gold out of
the country" ] have never been able
TO find man that could tell me how
1t WAS "driven out" They try TO OK
plain by saying our securities arc sent
home for us 90 redeem, hut how is 1t
possible 10 secure this redemption OF
securities not yet due?
The goldbugS must have some induce
ment; You can't drive them. IT, is man.
nged in this way: When these sccuri.
ties are presented the gold man says:
Il will take them at such discounts"
naming the amount, which really Is
a premium on his gold, and such an
one ms he would rather have than the
gold Then the man who does this
business is n broker, and sells his gold
for n profit.
Now, is there any driving i'm Tint
IT is kind of drive that they court i'm
lnrge amounts and many times a day.
They freely part with the gold to make
money. 1t is a business they follow the
year round, whether we have any chcap
money or not. As far as the people are
concerned, 1t might as we'll be out OF
the country as locked up in vaults.
Another valuable word i'm the gold
bug vocabulary is "unlimitcd." How
euphonious IL sounds when they saw:
tissue unlimited quantities Of silver!"
We do not possess unlimited quantities
of silver. Unlimited quantities" of gold
would make il worth less than a good
gravel pit.
Will some one tell us what sense there
Is in bowling about honest money
with gold base. when they cannot
pay five cents on the dollar in gold for
all the government obligations based on
gold?-J. NJ. Thompson. in Farmers
Voice.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-10-30

Common Sense.
q growing nation needs an expanding
currency.-N. Y. journal.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-10-30
AN UNFAIR COMPETITIONS.
labor an silver covDtrses II Prcntine o.
Our Loss.


Our Loss.
BY the characterization of silver its
demand for use as money was reduced
nAd has NOW nearly ceased. This lack
o. demand has cot its price as bull
lion In two. This fact would be of less
importance were il not that silver con.
tinues and must continue the basis for
money for most of South America. Mex.
leo, India, China and many other ma
tioEs where labor has always been too
cheap. May of these nations compete
in the English markets with us i'm pro-
duction of wheat. cotton. meats, etc.
And some, as the japanese, are be-
ginning TO compete i'm manufactures.
even in our own territory.
The bullion value of silver, now onfy
half what it was previous 10 1873, and
not much over half what il was in 1890,
is the basis OF comparison with English
money or with our money. In other
words. a dollar on the gold basis will
now purchase about two dollars on the
silver basis.
This virtually doubles the chc1pncss
OF labor in silver standard countries
and makes it twice as hard to compete
~ Oti Ci1~NtS- lNi llC
silver dollar in those countries has the
same debi-paying power at home and
the same purchasing power in exchange
for home products. But foreign gold
debts or purchases take twice as much
silver TO pay them.
How is IL with us? Wheat or cotton
purchased in South America or India
In silver money at about former prices
costs in our money only half former
prices. plus cost of transportation. That
makes our prices low on all products
with which we offer competition in the
English markets. That cuts out al
profit and drives the farmer to Other.
crops more liable to overproduction.
and so cuts prices on all farm products
In the meantime debts are doubled and
farm property deprecintes to half its
former value. Nor is there any limit
TO further depreciation of silver bullion
and lower prices. There is no remedy
until bullion is advanced tc or near its
former parity with gold by its free coin
age at sixteen TO one.
Everyone knows that unlimited de-
mand ut a fixed ratio will restore tho
practical parity Of silver and gold. even
IT there continue TO he local and tenn
Porary uctuations.-Frank O. New
COMB, In y. Y. Witness.