Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1896-08-20

Tes. - -.
Infr nu,,,her 80 SsII,r, q, - e I'
that a s,nld stan1.,,I a. r,,S,,-... =. 80" .S"
chants and ,,,s n,,sactrrs-s Tha-, h,,.i,....
r1eT, ID, mo. ,r.t-, ,hss- ,,--.,.- ....A -
peopie from whom they l,orro,v ,,,onax, Iu,
from the people TO whom they sell thei,
goods If.the people cannot buy. retailer,
cannot sell. and IL retailers cannot saIl
wholesale merchants and manufacturer.
must 60 into hantruntcx
Those who hold as a permanent invest.
ment the stock Of railroads and of othe,
enterprises IL do not include those yyhe
speculate in stocks or use stock holdings a,
a means Of obtaining an inside advantage
IN construction coutracfsl ara injured Is,
q gold standard The rising dollar DESTROYS
f69<11utfsR X fstvru< q theee elz1arpr1aps With
M Esl {j1aix <iaI1I Tics a1,d 8 zjrk
x4za1z' zxl11lz ~ lElI1
lxrIz HhurE4N - been aiz1fz1ze1 tlse 4&1c<
holders must bear the burden OF hart
times
Salaries in business occupations tiepene
upon business conditions, and the golc
standard both lessons the amount anc
threatens the permaneney Of such salaries
Official salaries. except the salaries o
those who hold office for life must I'm th,
long run. be adjusted TO the conditions q,
those who paw the taxes. and IL the present
financial policy continues we must expec,
the contest between the taxpaye- and IN,
tax eater to increase in bitterness
rho p.,,....,,., r,,.
Tt,o,.-t.-.sa,,. a1-~11- a. -.
,i, ,ha1, -,,--.. 80. -. u'
CLASSES ana cor ~, 80. ~
tbarc ie ,ros,.,,i,,, ,,,,,, :. ST. -
y-oottb -e'''
bay-. NOT ,,,,,,,,,,.,, 80 ,,o..u,t,,, .,,,,as
for. 80 e. -, ..l,,,a-1 ~, 80 ~ u
"a, To-, r -. -. -, -. 80
49,, 60. -. - - -, ,l,N ~ -
.,,,l,, +ta ,,r;,,o,,Io. st.I =, Ia - ,.D.. :,
,i,,,a,;a,, '''7 y" ~
l. n,rc. oIs, =, ,.o,,,,.,,,,.~ .,,,. ;..L.
,lesira of reoIIo ,,o,,c,,II,. g., -. ,,a,,
,.arri,,,,, ;,,,r - =. ,+y..Isi .'.-.- -.
Ttt.tssi.. - u PItso'' PiOP.''!'
-. - aAs 'eil
a,,st<,y - ,th;at. 49,, a. ~ -.
,',,rcbosi,,, ,,,,,.ar 4. -. -. - -.
ter ,bo, H. IN. -, -. -, -.
for,,,o,I,, ,,,,,c-s -, - -,
forr,crl, 1t, a. Ill, y, -, .t't
larea rCr+iop of tbnss ,,bo ,,,,,. j,,5 ea,,,,
,,oc7,,,i,r,, o5,.,,,to,... =, - -, -.,,.l..s
,,-,1I ,l;-,.,-., e., 81 -,
e,ai,,s ''''''
7, = so,,,o+,,,,,, ,--.,.,,, - l,,,
,,a,,s tbo+ 1T Lo1e,,,.> 80. ~ 81 ~ otto
closs hrt tLis a. nov -, - -,
ba,l- -. -. .''ts 49,,
soIvc,t La,1It srg,,-s - ~, -, o,:,t
the Habilities-rb,t i - so,. ,,,b,Ia ~,
harl. o,,,cs n 1.,.,,,, ,,.,,,,,, % ,.o,,,. ., g..
denosi,ors - not orl,- Ias o,,r,I,,t, -
hn,I T., ,,,o,,c,. "a - az 60
70 go. -. Ia,itaI .,,,, .',,I,,, VI, -
,lcII.r - ,is;,,, T., - lIN,,,,. -
NAV Lv moling short ,i,1o ioars g..
taking good security. avoid loss but who,
urices are falling ranIdlv the hank g. an,
10 lose moro because az had dehts tbar /;
can gain by the increase in the PURCHASING
power of its capital and surplus
1t must be admitted, however, that som,
bankers combine the business Of a bono
broker with the ordinary banking busi
ness, and these may make enough in the
negotiation of loans to Offset the losses
arising in legitimate banking business
As long as human nature remains as 1t i.
there will always be danger that, unless!
restrained by public opinion or legal en-
actment, those who see a pecuniary profit
for themselves in certain condition may
yield 10 the temptation to bring about that
condition. jefferson has stated that one
of the main duties of government is tC
prevent men from injuring one another
and never was that duty more important
than IL is today 1t Is not strange thai
those who have made profit by furnishing
gold to the government in the hour Of iti
extremity favor a financial policy which
will keep the government dependent upoI
lit l. Al.
sentiment Of the vast majority Of the peo
pie Of the United States when say that 1
wise financial policy administered in be
half Of all the people would make our gov
ernment independent Of any combination
of fnanciers, foreign or domestic.
Contraction of the Currencr
Tot ,,,e s,,. ,,.cr,, NOV. =, ,,,.a-J o., nor
.,li.,,,t' "a - !. " a.
-. - Ia ,,',ia.'1 II l~.l IuLa
fro,, :, ,I;r. o., -, -, =,
otbers bnt beca,,se no
surround ,bp,, Mind tbe,, g., ,b, .r,.c. .,
The e,oI5 st,rI,r,I 49,, o,Iors I'll 81
-, Ip. '''''-- .'Sl
.t, - - "a wv So
s,,.,li,.,i,, tI,, '..'S -
t,1 -. :, -! - ~
- -. "' - - % .i4'1C1siA
~ "'' "Pl'oI-sI'9' AZ i0o' 'chhuor SheF
HELL stIiu ne contraction OF the cur
80 80 y q .ar Hloio uis'fessihe Operation oi
- go ..1 Se.' suppose. our uwh ah'
o,IeI ma 'S'oiis IIH'e Soi'e 'Hiouen 'ha' oler
..1.,-- =. - l,le 20 'aHT =, 'ia
80! "eo "I''.ous '.1e sotes. MISTRESS. ceN
eIy PeiSoI, sAoep' eopi'ai1st ou. "a ue'S'
or salarieu olAicer or anhultaht' u Is
periou oL Ioss. ulanssI, Lassi'uae oI traoe
- ,si-Is.s =. - TT. :.
al .s@,aiass -. -. .,..,sa 49,,
- 80 .t-., ~ -, -
.aain oapi'."' 1'.en - 'iIu iSs' 70
ih..A,.S 'i''
-',-- - q. "i'iIou
a.! -, - .'-,.s - "a -, -