Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1896-08-06

Qcstious and Answers.
win you ple; Sc tell me II silver certificates
when presented for redemption are redeemed in
gold II gold is demanded for them"
A SPHINX FARMER
On its face the silver certificate has the
statement that a certain number of sill
yer dollars, payable on demand, have
been deposited in the Treasury of the
United States. On several occasions in
order to maintain the parity between
silver and gold, the treasury has paid
out the latter in exchange for these GER
titicates but it is not obliged to do so,
and the policy generally is to redeem
them in silver.
SIOUX VALLEY, Aug al like your idea of
questions and answers, and the excellent man
ner ~ which your paper treats the questions Of
the day. While not agreeing with you on all
propositions, must say that THE COURIER is
en- a,ns excellent !. country weekly Wi yon be SO
edness there Is held against the national gov
ernnent; g. How much 1t has been reduced
since 1867; 3. How much gold was there in the
wOridin 1867? G.A.F.
For the compliments paid the CoU-
RlER we extend our thanks. TO the
questions asked we answer as follows:
!. The report OF the secretary
OF the treasury placed the bonded in
debtedness on August !, at $S47 ,364, $50.
2. In 1867 the bonded Indebtedness
was 81, 100000. So we have re-
duced it nearly two billion dollars.
;. In 1867 it was estimated that
there were three billion dollars worth
OF gold used as money of the world
just enough to pay OFT the entire in
debtedness of this government
gardless of this fact it has been
reduced two billions.
A subscriber from Brule wants to know how
much the bonded debt Of the nation was re
duced during Cleyelands first administration.
during narrisOn's administration, and whet her
bonds cancelled had matUred and were subject
there was In the treasury when Harrison was
inaug,,rated. and how much when his term ex-
pired.
During the first administration of
President Cleveland the bonded debt of
the United States was reduced $685.
O74, $50, OF which $l9i. 1870, 500 had ma
tured, and was subject to call without
premium, and $l43, $50 was pur-
chased at q premium of $22 ,377, 1871
President Harrison reduced the debt
$25S, l92, 200 by calling in matured bond s
to the value Of only 4,6O3, $50, and by
purchasing 1928, 5SS, $50 worth of bonds
At a premium OF $33, 1891 ,527.67.
During the psesent administration
the bonded debt has increased by two
issues, one for 800, OOO, 600 and another
for $l62'3l5, 400.
There was $266, ,4O4 ,44l in cash in the
treasury when Harrison took the reins,
and $l2I, rs ,OS9 when he stepped out
Of Office.
Kelley is in it with boots and shoes
Come and try the Process Bread at
City Bakery
See our new dried fruits.
S. G. Thornton.
A fresh line Of Bread, Cookies and
Cake at City Bakery.
Call for nything in Bread and Cake
line at City Bakery.
Our Stock OF Spring Goods is COM
plete. S. G. Thornton.
For Fence Posts Of Diamond Willow
Oak and Red Elm call on
p. l.. KELLEY.
Columbia Bicycles and Hartford Ri
clyces, cosy prices.
S. G. Thornton.
New styles Goth Century shoes for
Ladies and Misses, on sale. They are
all the rage. FREEMAN BROS.
Cake, Cookies or anything in the
Bread line made to order at the Cit,
Bakery.
! We are about to introduce a new
Sewing Machine. Watch our ad
Something in it. S. G. Thornton.
The nObbiest and latest stock o
spring hats and caps just received q
Freeman Bros. Styles and prices cor
rect.
Amy party wishing cheap set o
double work harness or good SECOND
hand wagon can get the same by call
ing on r. L. Kelley.
| We handle Guerney refrigerytors
Barrel Churns, Ice Cream Freezers
full line Of Tinware, Staple Hardware
Gasoline Stoves and Gasoline
s G. THORNTON,
- Leading Groc 9