The Maryville times. (Maryville, Tenn.) 1884-1944, 1896-08-06
WITH The MAGAZINES.
DIR. C. w. Macfarlane on the Curren-
cy Question.
MATTERS LITERARY.

lures. Specially entertaining are those
given by Profs. William p. Trent and
Greenough White. Prof. Trent Is widely
known for his historic and literary
studies and he stands among the fore
most American men of letters. His
topic this summer has been Southern
Statesmen of the Old Regime" and al
ready he has discoursed on Washing
ton" Jefferson" and John Randolph"
His lectures to follow the Calhoun"
Aug. IA; ''Toombs and Stepens," Aug. 81;
Jefferson Davis" Aug. 2S.
Prof. White lectures on ancient art.
He has already treated of Greek Sculp-
ture" and THE Roman Forum and
Roman Art" His next theme, July "a.
will be "Constantinople and Santa
Sophia"
Hon. John w. Foster will entertain Ii
Hung Chang in September. when the
latter visits the United States on his re-
turn from the coronation Of the Gear.
Gen. Foster Is an intimate friend Of the
Viceroy, and 1t will be remembered that
he served as his confidential adviser
during the peace negotiations with
Japan. For the August number Of The
Century Gen. Foster has written a
sketch of Ii Hung Chang whom he
ranks, as did Gen. Grant, among the
greatest men of the century.
j. A. Mitchell, whose first novel.
Amos Judd" has been so favorably re-
| ceived contributes to the Fiction Num-
| Der of Scribners farcIcaI satire called
Mrs. Letters Ride" giving the anus
ing adventure of New York woman of
| fashion on a cable car.
| George w. Gable has not published
short story since THE Taxidermist,"
several years ago. In the Fiction Num-
Der Of Scribner's he breaks his long
silence with one Of the most artistic that
he has ever written, entitled "Gregory's
Island"
The currency question Is before the
people of the United States In the guise
Of silver question. This is only one
form of many in which 1t has appeared
in our history. One party at least, the
Populist, is unanimous in its support Of
silver. But that party has radical ideas
on currency which are not confined to
silver, and which merit the attention Of
students and politicians. Vast schemes
for the issue of paper money have been
formed by them Nor are they wholly
novel, as an interesting paper by DR.. c.
w. Macfarlane, on Colonial Paper Cur
rency in Pennsylvania" amply demon
strates publications Of the American
Academy Of Political and Social Science,
| No. 1873
Commended as 1t was by Adam Smith,
that system merits attention for its in
trinsic qualities, as well as for a close
resemblance with projects Of the political
party named DR.. Macfar1ane has made
an exhaustive study Of the legislative
and economic history of the experiment.
His monograph contains the text of the
original law and painstaking original
investigation into the course Of prices.
In few words the experiment consisted
in issuing notes which were loaned to
individuals upon the security of mort
cages and of personal property espe-
cially plate Interest was paid on the
loans annually, together with a fixed
proportion of the capital SO that in the
course of years, the debt was gradually
extinguished. Managed on conserva-
tive principles, by officials of strict
probity the system gave rise to none Of
the inconvenience which some would
assume to be inevitably connected with
it. Adapted as 1t seemed to be to the
needs of the community, and not calling
forth an increase of circulation, for
which there was no demand, there were
no violent revolutions in prices, as the
evidence before us clearly demonstrates.
The study of this experiment in the able
treatment Of DR.. Macfarlane can be
earnestly recommended to all who are
interested in questions of currency.
! Rudyard KipAng is now putting the
last touches on $4,000 word novel deal
, ing with the Gloucester fishermen and
, their life on the Grand Banks. 1t IL
| written from close personal study of the
scene and the people. 1t is American In
its character, and in its plot seafaring
. and adventurous. 1t breaks entirely
new ground. The title is Captain.
Courageous"
= There has been lively competition
, for the serial rights of Captains Cour.
ageous." They have been secured fol
the United States by the s. s. Mcclure
Company, and publication Of the move
!. will begin in the November number o.
McClure's Magazine.
q The wool growers of the country arr
! soon to have what they have for man.
years felt the need of-an official or
t gan Of their opinions and actions. Tn,
manufacturers have long had such al
organ in The Bulletin of the Nationa
Association Of Wool Manufacturers, ant
4 its influence has been felt in Congress a
: we'll as In the trade; but no parallel pub
: LEGATION on the part Of the wool grower
: has heretofore appeared. The Nationa
Association Of Wool Growers, at thei
1 meeting in Washington last December
!. authorized such publication, and MI
/ Frank p. Bennett, one Of the Vice Pres
I idents, generously offered to as
= sumo the management and bust
q ness risks involved in gettinI
: it on its feet. He will issue In Jul
!, the first number of the Bulletin of tn
: National Wool Growers Association
4 The subscription price for the first yea
i, is only 81 and the Office Of publication
b 20 Corcoran Building, Washington
r D. c.
George w. Cable in the July Atlantic
/ mention age, of course, only in es
TEEN of 1t. When a hearty man tell
his years he Is confessing not their bun
den, but only their dignity. Strict,
his souls experiences, not the years. ar
his age; and as for the body, II we com