davidaulloa/AmericanStories huggingface dataset:
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16

Inese diagrams show that i'll Scotland
there is about 20 per cent more of cur
rency IN circulation in November than
III February. In Canada there is 22 per
cent more currency in circulation in Oc-
tober than i'll May In the United States
there was only per cent change in cir
culatlon during the two years 1894 and
1888, and the most Of this change is ac-
counted for not by the changing needs
tor currency at different periods of the
year, but by the sales of United States
bonds, which made it convenient for
banks to increase their circulation. Mr..
Root thus explains the changes in Can
ada and Scotland:
For instance, on comparing the cir
culatlon OF Canada and Scotland, the
first thing noticed is that in Scotland
there are two upward movements, one
eliminating in May and the other in
November, while i'll Canada the former
movement is entirely absent and the
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16
A Good Exan,nIe.

The action of the silver Republicans
IN deciding to make the money issue
paramount sets good example to the
gold Democrats, the Baltimore News
(Dem. says: ''They must keep them
selves i'll readiness to support, not mere
~ by asserting vote, but by active work
and friendly counsel. any effort which
may be honestly put forward by the in
coming administration to place the
nnances OF the country upon sound
basis. They would stultify their course
In the contest of last year if they allow
ed party considerations to have so much
as feathers weight i'll comparison with
their duty upon this issue of transcend
ent moment, -
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16
ADOPTS THE GOLD STAND
ARD.
After -Four Years of Investigation Japan
Decides to Discard Silver,

decides to Discard Silver.
On March l it was cabled from Yoko.
mama that Japan had decided to adopt
the gold standard at ratio of 32l5 tc
| i, the new standard to go into operation
in October.
Ihls act, on top of many previous
ones, moves Japan completely out of the
ranks OF the semi-civilized and into those
OF civilized and progressive nations. 1t
was not taken hastily, but after two
years consideration of an exhaustive re-
port made by the japanese currency
commission. appointed in 1898.
Ihls commission found that, while
certain capitalists, especially those en-
pioylng many laborers, were benefited
by the falling silver standard, the
wage earners were injured from the
fact that their wages did not rise as
fast as did the prices of what they
had to buy. The report pointed out
what every rational trader ought TO
know-that silver standard country
can trade and compete with gold stand
ard countries only after paying the loss
on exchange in foreign trade. However.
as the greater part of Japan's trade was
with China and India. the two countries
OF Asia still using the silver standard,
the disadvantage ON tlris account was
not considered great
The silverites have lostwith japan
some OF their best capital. Of course
they will tell us how. British gold"
was used to bribe the government into
oetraylng Its people into the hands of
the money power. They cannot, how
ever, much longer tell us that we are
unable to compete with Japan because
she uses the silver standard.
The truth is that Japan got tired of
being second rate nation and of work
ing with second rate tools, and, after
careful investigation, concluded to get
rid OF free coinage at ordinary ratios,
which drives gold out. of the country as
fast as it can be coined and which re-
suits IN the single silver standard, and
to adopt the gold standard at ratio
with silver which will permit the use of
both metals in her trade 1t is a wise
step. Japan is only one of four or five
nations which have adopted the gold
standard during the last Is months
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16
CURRENCY
ELASTICITY
ihFERIoRITY OF OUR OWN AS COM
PARED WITH SCOTCH AND CANA
DIAN CURRENCY SYSTEMS.

Need For More Money to Move t,ro,. i,
AT once Supplied In Other Countrie,
our Not In This-Red Tape, Cost ant
neias In Obtaining Currency Make GU,
system Inelastic and Increase Rate O,
interest In August and September-Bet.
Ter Ranking and Currency systems Alone
eah Kid Us of the Silver Question
Secretary of the Treasury Window
sala III his treasury report for 1890:
In my Judgment the gravest defect
IN our present financial system is its
lack OF elasticity *x = The demand for
money, III this country, is so irregular
tnat an amount Of circulation which
VIII be ample during ten months of the
year will frequently prove so deficient
curing the other two months as to cause
slrlngency and commercial disaster.
Inc crops OF the country have reached
proportions SO immense that their move
ment to market, in August and Septem-
Der, annually causes a dangerous ab-
sorptlon OF money. The lack of suffi-
clent supply to meet the increased de-
mands during those months NAV entail
heavy losses upon the agricultural as
"ell as upon other business interest
How hard and inelastic is our present
unsclentlfic currency system, or lack of
system, is apparent when a comparison
is made with the. currency systems of
otner countries. III Il pamphlet recently
issued by the sound currency committee
OF the Reform club Mr. L. Carroll Root
illustrates the relative elasticity of 90
different banking systems in 6 different
countries. He says:
The data secured includes weekly or
monthly statements of the outstanding |
circulation of the leading bank currency |
systems of the world The period COW
cred i'll each case is the TWO wears 1894
and 1898. The method of preparation
OF diagrams has been TO take the mini
mum circulation of the period as a base
line and to reduce the amounts on other
dates to percentages of this. In this wav
d common measure has been secured.
and comparison of one diagram with
another is facilitated. -
We reproduce below three of Mr..
Roots diagrams which show in a strik-
ing way the great difference in elasticity
OF currencies in Scotland. Canada and
the United States
BANKS OF sCoTLAND-raS BANKS.
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16

other occurs one month earlier than i,
scotland. The explanation will withou
doubt be found in the Scotch practice a
making payments on mortgages, inter
est annultles, etc, at those dates
practice not followed so extensively il
Canada
In general single annual move.
ment msF be said to characterize agri.
cultural communities This occurs in
the fail, and is due to what we have
come to call moving the crops Its
explanation may be found in the fact
that farmers. as a class. are not accus-
toned to make use of bank deposits and
consequently when payments are made
10 them for their crops (largely at sin
gle season of the year, the surplus over
immediate payments is required by them
III the torn OF notes-it being unuues.
tlohably true that i'll any of our agricul
tural communities i'll this country the
average farmer has in his possession
during the six weeks following the sale
OF his crop much larger amount of
currency than during the rest of the
year. The result in the aggregate is an
extraordinary demand, such as that
winch leads IN Canada to an annual ex-
panslon of 90 per cent in the bank cir.
Culation -
Undoubtedly the needs for currency
IN the United States change abont as
much as III Canada, but the cost of buy-
ing bonds at high premium on which
notes can be issued only to 80 per cent
OF their par value, the red tape neces-
sary to obtain these notes from the GOV
ernment and the tax on circulation
make delay and cost in increasing the
circulation which practically prohibit
an increase until the need for such in |
crease is past, Therefore interest rates
In thls country run up rapidly in Au-
gust and September without appreciably
the supply of currency.
In Scotland and Canada the machinery
necessary TO increase the supply of cur
rency Is simple and is entirely in the
oahos OF the banks; hence the cost and
1elay necessary are much less than with
u.s. linus III Canada few big banks
With numerous branch banks supply
III parts OF the country with currency.
hhen more money is needed in any
as in Manitoba when the
Wheat crop is being arvested-rates of
interest begin to rise. The profits of sup
'lylng currency in this province are in
reased, and Immediately additional sup
'hes OF currency are sent from the big
'anks III Montreal, Quebec or Toronto
their branch banks in Manitoba. Thus
he cost OF moving the crops is much
over III Canada than in the United
tates, Where rates of interest 90 up and ,
own without materially changing the
upply OF currency. OF course the farm 8
rs, through increased competition of
ldders, who obtain plenty of money at ,
ow rates Of interest and can afford to |
ay high prices, reap most of the benefit
There are other advantages connected {
18th branch banks" which it is un- ,
ecessary to explain here 1t is sufficient s
say that i'll Canada there is no silver
uestlon to disturb business and occupy /
le time OF politicians and Legislators. i
is not likely that we will have tinan- c
al peace until we greatly improve our r
ank1ng and currency systems. Y
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16
Afraid of 1G to l Fire.

Ihe Democrats of Rhode Island will.
1t IS said, ignore the currency question
IN their coming state convention. They
Will ignore 1t for the same reason that a
burnt child stops playing with fire. 1t
is to be hoped that the Democrats will
profit by past mistakes. 1t would be a
pity not to have the two great old par
ties in the field in 1900
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16
No Free Silver Bimetallis,n.

The free and unlimited coinage of sill
yer, when it does not preserve its parity
with gold, cannot be i, condition in true
bimetallism because in its effects it is
directly anta@onistic to the system.
Whenever practiced, it always results in
monometaltisui. and silver at that. Such
is the case HoW in ali silver countries,
as Mexico and China. and such was the
case i'll the United states in the 40 years
prior tc 1884.
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16
Japan's Progressive Step.

Japan shows both its progressiveness
and its financial honesty and sense III
providing for gold and silver coinage at
a ratio of 321s to l. This is the COM
merclal ratio enforced by Jefferson and
sought by every succeeding administra-
ton until the Blanditcs tried to make a
dollar out of 80 cents.-New York
World.
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16
Large Currency.

Sneak Thief s:tn.-Pity 'twuz erbout
Jimmy! He Mnz making Zig money, and
the perlice broke him all up
Footpad Sim-Bis money, wuz he?
What wuz his lay:
Sneak Thief Sam-Coining silver dol.
lars.
The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-04-16
An .Ancien. Mark Down Sale.

Hewitt-Cattle We're once used as cur
nncy.
Jewitt-And l suppose when you
went to mark down sale you saw
card reading: Marked Down to One
Calf. Former Price One Cow.
The Red Cloud chief., 1897-10-15
HoW's This.

W. offer One Hundred Dollars re.
ward for any case of catarrh that can.
not be cured by Halls Catarrh Cure.
ID. CHENEY Il CO, Toledo, o.
We, the undersigned, have known
Z. j. Cheney for the last 10 years, and
believe him perfectly honorable in all
business transactions and financially
able to carry out any obligations made
by their firm.
West u Truax, Wholesale Druggists,
Toledo, o.
Walding, Kinnan u Marvin, Wholesale
Druggist, Toledo, d.
Halls Catarrh Cure is taken inter.
nally, acting directly upon the blood
and mucous surfaces Ut the system.
Testimonials sent fee. Price 7Jc per
bottle. Sold by all druggists.
Halls Family Pills are the best.
The Red Cloud chief., 1897-10-15
Burlington Route California Excur.

Cheap, quick, comfortable. Leave
Omaha 30 pm, Lincoln GAO pm. and
Hastings $50 pm. every Thursday in
clean, modern, not crowded tourist
sleepers. No transfers, cars run right
through To San Francisco and Los
Angeles over the scenic through
Denver and Salt Lake City. Cars are
carpeted; upholstered in rattan; have
spring seats and backs and are provid.
ed with curtains, bedding, towels, SOAP
etc. Uniformed porters aud experience.
ed excursion conductors accompany
each excursion, relieving passengers Of
bother about baggage, pointing out OBJ.
iects OF interest and in many other
ways helping to make the overland
trip a delightful experience. Second
class tickets are honored. Berths o..
For folder giving full information,
call NJ nearest Burlington Route ticket
office, OF write to j. Francis, q. =. A.
Omaha, Neb.
The Red Cloud chief., 1897-10-15

An old railroad man who drifted
into u church where a revival was
going on was asked to lead in prayer
and here is the way he did it, says an
exchange: "Oh Lord. now | have
tagged thee, lift up my feet from the
rough road and plant them safely on
the platform of the train of salvation.
Let me use the safety lamp known rs
prudence, make all the couplings in the
train with the strong inks Of thy love,
and let my hand lamp be the Bible.
And, Heavenly Father, keep all the
switches closed that lean of on the sid.
ings, especially those with "A blind end,
Oh Lord, if it be thy pleasure, have
every semaphorc block along the line
show the white light Of hope, that |
may make the run of life without stop
ing. And, Lord, give Us the ten com.
commandments for schedule time.
When we pull into that great dar.
station, may Thou, the Superintendent
of the Universe, say, well done, thou
good and faithful servant; come and
sign the pay roll and receive your
check for eternal happiness ,-McCook
Republican.
The Red Cloud chief., 1897-10-15

where the great before him have lief,
off-astronomy in relation to Newton
for instance will make You marvel
that any should speak unworthily of
our race, or draw back from a share in
its deeds. Ii is above the rest of ami.
mated nature. Where animals com.
bine for defense, always in the same
way for ages past, we move forward
into new combinations, undreamed of
by our ancestors but possibly by their
own headings in that direction; where
animals show skill in all the details of
their work we show greater rs time
passes and leap onward from pima.
Gle to pinnacle OF ability till the pres
ent day dawned. While the ace lasts,
the same growth will 60 on il the same
conditions are complied with. The
gains OF the past fill us with wonder
ment and then m the longing for
these eyes TO see what the eyes Of our
children's children shall behold in their
old age. The heart reels il contempla.
ton.
The Red Cloud chief., 1897-10-15
Voting the New Ballot.

Considerable discussion has arisen
lately concerning the proper method
of marking the new ballot so as to in.
dictate the voters intention correctly
The new ballot contains the complete
ticket nominated by each party side
by side instead of grouping the candi.
dates for each Office, and each ticket
is headed by the appropriate party
emblem, aud the duty OF the straight
party voter is simple and easily per.
formed without possibility of mistake.
He has simply to place II cross within
the circle at the top Of the ticket indi
Gated 10y his party emblem. But the
opportunity offered the independent
voter seems not so obvious to a great
many people, and it is important that
Independent voters he informed since
that element has come to he "A domi
nant power IN our politics, We sug.
gest that every such voter, and every
voter in fact, ascertain before he zoe,
to the polling places just how he CA,
accurately express his voting inten
ton upon the ballot. As we read tn,
law the voter who desires to vote for a
majority of the nominees upon one
party ticket and for "a minority o,
nominees upon another or other part,
tickets, he may place his mark at tn,
head of the ticket for which he wishe,
to vote generally, and then place an y
IN the space opposite the several
candidates upon other tickets TO,
whom he wishes to vote. If the vote,
does not desire to signify his choice OF
u party upon the ballot he may place
an \ in tho space opposite the name
of each candidate for whom he wishe,
to vote regardless of the party ticket
upon which the name appears, ant
this is true AS to groups of candidate,
as we'll as to single names. II will pa,
independent as we'll as straight voter.
to study the new law carefully.
The Red Cloud chief., 1897-10-15
Ivy Poison
Child Suffered for Three Years
without Relief Terrible Itching
and Burning Skin Disease.

"When three months old our boy was
poisoned with ivy. lie suffered for three
years without getting relief. I saw
one OF the advertisements Of Hoods Sar-
saparilla, consisting OF . testimonial
where's child was cured OF Ivy poisoning.
Ny faith was very weak at first, but I
told my husband l would like to try q
bottle OF Hoods sarsaparilla. Doctors
medicine had failed to help him in the
least. W. concluded to buy five bottles
Of Hoods Sarsaparills and the child be-
gan taking II. Before he had finished all
that we had purchased he was cured. l
nave also been cured OF akin disease by
Hoods Sarssparilla. was In such a
condition that | could hardly endure the
itching and burning. I felt that I must
give Hoods Sarsaparilla a fair trial, which
] did. ! took four bottles and II cured
me-" CHRISTINA GREEN, Cansstota, 8. ID.
Hoods Sarsaparills is sold by all drug
gists. 81; six for %. Be sure to get Hoods.
The Red Cloud chief., 1897-10-15

AK Is rot the issue, OF even one of the
issues that Mr.. George Is making in his
present campaign In fact he
hasn't said "A word about il himself, and
is probably willing that others should
let IL alone.
Whether England refused to partici.
pate in a conference over the protec-
ton Of the seals in Bchring Sea and
thereabout at which Russia,and Japan,
NJ well AS the United States should be
represented, after having once pro.
missed to do so, has about got down to
aquestion Of veracity between ex.Secre.
,ary Of State Foster, who has had
charge OF all the sea negotiations for
the United States for several years,
and Lord Salisbury Mr.. Foster says
that Lord Salisbury agreed to have
England represented in the conference
to which the United States had invited
Russia and Japan TO send representa-.
tives; Lord Salisbury says he did not;
that he agreed that there should be a
conference between representatives of
Eng and and Of the United States on
the subject and that he will have agents
in Washington to attend TO it, but that
they will not be allowed to take part
in a conference with agents of Russia
aud Japan. Officials Of the depart.
mcnt of state are reticcnt, but this
grounds for the belief that the depart.
ment Of state has accepted MIR. Fosters
version OF the controversy and will so
state in a friendly but vigorous com
munication to the English govern.
ment. Meanwhile arrangements are
being made for two seal conferences;
one between the L. S., Russia and
Japan, and one between the u. 5. and
England.
Judging from official utteranccs only
one would suppose that the president
and his cabinet were entirely satisfied
with the progress being made by Spain
in its alleged efforts to bring about
peace in Cuba, but such is really not
the case, The recall fGcn. Weyler by
Spain is, of course, pleasing to them,
but they regard il with more or less
suspicion, believing it and all the rest
OF the beautiful professions of the new
Spanish ministry To be tinged with
trickery, having for its object the pre-.
vention of interference 10y this govern.
ment. Believing this, and being
thoroughly aware that public senti.
ment in this country is overwhelming
in favor of some action by the govern.
ment that would put "a speedy end TO
the wal in Cuba, President Mckinley
and his advisers are watching the
actions of the new Spanish ministry
with great care, aud If they become
convinced that Spain is not acting in
good faith, this government will act,
and in no uncertain way. President
Mckinley, like nearly everybody else,
wants the war brought To a close. II
Spain "a do it in a reasonable time,
all right; IL not, he knows this govern
ment can.
The Red Cloud chief., 1897-10-15
A Grand Opportunity.

There are today thousands of young
people on the farms and in the villages
who are tied down by lack of educa-
ton to work they heartily dislike. Are
you one. Of them, my friend' If so,
the Grand Island Business Il Normal
College can put you on the road to
success II you are ambitious and will.
ing to study. 1t makes no difference
how backward you are if you are
plucky and mean business. W. teach
everything necessary for a successful
start in life. II you are short of money
we will accept a good note without
interest for tuition, or il necessary we
will furnish everything-tuition, board
and books, and give you time to gradu.
ate and pay for same afterwards, Bus.
mess, Normal and Shorthand courses,
Board ~ 80 per week, Established f.
years. College Record cent free or
cgt1Ipguo for Sis cents BOO stamp
The Red Cloud chief., 1897-10-15
Commissioner Ticket.
WASHINGTON T

The monetary commission resumed
its sittings in Washington today, after
a recess Of two weeks. The gentlemen
composing this commission believe
that there is going to be a big financial
iigh, started in congress loon after that
body assemblies, although many shrewd
politicians among the politicians ar.
working to prevent the financial issue
being raised in congress, because OF
their doubt as 10 whether any legisla
ton Of that character a be put
through during the life Of the presen,
congress, aud fearing that n sharp
drawing Of financial lines in congress
will result in harm to the republicans,
One Of the main objects Of the none,
tary commission is To insist that there
shall be an attempt 1T financial legisla.
ton at the coming session of congress,
mended by President Mckinley and
he pushed by the whole power and
influence of the administration. The
lines are already being mapped out
and the prediction has been made tina,
the financial fight in congress will h,
the bittcrcst and most exciting sine,
the Force bill WAS before ongress
The fighting will be mostly in the sen
ate, as it will be an easy matter TO pu,
any bill supported by the president and
Speaker Reed through the house. |,
is assumed that any bill proposed By
those who are pushing this movement,
will be antagonized by the silver mer
In the senate, aud as they control tina,
body by a slight margin it requies nc
prophet TO say that it will be dinicul,
II not impossible, to pass any SUI i
measure in the senate.
1t there is any reason why any Sc, o
men in Washington should hold
meeting for the purpose Of ratifyin,
the nomination of a candidate TO
mayor Of New York City. it is MOI, an
parent 10 the eyes OF AN ordinary ind
vidual. But reason, OF no reason, IN,
single taxors of Washington and Vi
entity, more enthusiastic than numer
ous, held II meeting and proceeded T.
rutjiy the nomination of Henry Gporg
90 ue mayor 81 New York. Ciy. T.,r
gf. r "'N Mr. '..r.
The Red Cloud chief., 1897-10-15
Notice.

There will be a meeting held in
Cowles on Saturday, October 9TH, at
3 O'Clock p. M, of the Stockholders CO.
operative store. A general attendance
is requested, also Of others who would
wish to subscribe for stock. The bust
ness will be thoroughly talked up.
Cowles, Nebr., September 90, 1897.
&. A. HARRIS.
The Red Cloud chief., 1897-10-15
County Ticket.

For county Treasurer,
{. u. ROBINSON,
or potsdam Precinct.
For county CLERK,
j. II. CRARY,
OF Guide Rock Precinct
For county sheriff,
Il. u. SiIERER.
or Iuavale Precinct
For county Judge.
OF Red Cloud City,
For County superintendent,
MRS. EVA !. CASH,
or Red cloud city.
For county Coroner,
n. Y. GRICE,
OF Red Cloud city
For county surveyor,
W. X. THORSE,
" Harmony Precinct
The Red Cloud chief., 1897-10-15
Notice to Teachers.

Notice is hereby given that | will ex,
anime all persons who may desire 10
offer themselves AS candidates for
teachers Of tue public schools Of this
county, AT Red Cloud on the third Sat.
urday Of each month.
The standing desired for I'd and 3D.
grade certificate is the same--no grade
below 40 per cent, average so per cent
Tor hrst grade certilicate-no grade be,
low ~ per cent, average 90 per cent in
AL branches required by law.
ID, NJ HUNTER, County Supt