davidaulloa/AmericanStories huggingface dataset:
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
CURRENCY
ELASTICITY.
IkFERlORgrY OF OUR OWN AS CON-
PARED WITH SCOTCH AND CANA
DIAN CURRENCY SYSTEMS.

Need For More Money TO Move Crops Is
At Once Supplied In other Countries,
but Not In This Red Tape, Cost and
Delay In Obtaining Currency Make Our
System Ineiastic and Increase Rate of
Interest In August and September-Bet-
ter Banking and Currency Systems Alone
Can Rid Us of the Silver Question.
Secretary of the Treasury Window
said in 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, in this country, is so irregular
that an amount of circulation which
will be ample during ten months of the
year will frequently prove so deficient
during the other two months as to cause
stringency and commercial disaster.
The crops Of the country have reached
proportions so immense that their move
ment to market, in August and Septem-
Der, annually causes dangerous alb
sorption Of money. The lack Of suffi-
cient supply to meet the increased de-
mands during those months may entail
heavy losses upon the agricultural az
well as upon other business interest.
How hard and inelastic is our present
unscientific currency system, or lack o.
system, is apparent when comparison
is made with the currency systems o.
other countries In pamphlet recent.
issued by the sound currency committee
of the Reform club Mr.. L. Carroll Roo
illustrates the relative elasticity of q
different banking systems in ~ differen
countries. He says:
1.-THE data secured includes weekly Q
monthly statements of the outstandin
circulation of the leading bank currenc
systems of the world The period COZ
cred in each case is the two years 1873
and 1895. The method of preparatio
Of diagrams has been to take the min
mum circulation Of the period as ba'
; li.e and to reduce the amounts on oth'
dates to percentages Of this. In this wa
: a common measure has been secures
: and comparison Of one diagram WI
another is facilitated. p"
We reproduce below three OF M
Roots diagrams which show in STIR
. ing way the great difference in elasticl
+. of currencies in Scotland, Canada al
the United States.
BANKS OF scoTLANp-TrN BANKa
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
Mr. Rrxan on Equality.

In his speech at New York on FEB. 10
Mr.. Bryan said: IF any person believes
a government should single out rev
people and give them advantages over
others. he does not understand equality
under the law"
This is very true. But, in demanding
that silver mine owners be permitted TO
take 80 cents worth Of bullion TO the
treasury and have it stamped as vi, Is
not Mr.. Bryan advocating the very IN
equality under the law which he re-
bukes? Would not free coinage OF silver
at a fictitious ratio. be to "single out a
few people and give them advantages
over others?" The owners OF silver pul-
lion in this country are very few indeed
Again Mr.. Bryan says, mo just gov
eminent ought to enable or permit one
citizen to injure another citizen.
True. But would not the government
do this il it enabled one class of citizens
the debtors, to discharge their obllga'
t;ons TO another class, the creditors, ii
dollars worth only half as much as were
the dollars loaned? If the government
were to make wampum or conch sheii'
legal tender for the payment OF dept
would it not enable one class OF citizens
70 ipiure another class? And would
not do the same in depreciating the cur
rency Of the country to 90 cent OASIS
| The people so decided last November
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
r.x,os Of Incredulity.

Consider the great multitude OF onI y Is
~. 0or ,vho are constitutionally incapapie
sap Believing that there can be good 3%dr
AMY awo o' How many Protestants are t a"oS
S thing hSa % out 4 neno r.. c xiS"
S saitb in anything the PrOtestan'S ever
did? ia. 10 ssen in races
ur a o are many Irishmen who can Dc ,,
uaveo in nothing but Saxon "per dthins
% but Russian wictsdnss;;," na %nny b Su
bsmians who can believe sn in n many Eng
i iisbmen who can believe in hH' the Yea
the "unspeakable' Turk '''
Round.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
The Only Good Paper Currency.

All propositions for the retirement OF
tho legal tenders and the abolition OF
the treasury reserve as feature OF our
currency system are coupled with the
demand for a banking system that would
afford a large note circulation, one more
responsive to the fluctuating demands ,n's S Ua
business and one whose reserve would be
maintained by banks which would DC
compelled by the conditions OF their
existence and by law to protect their
notes, and which, through their discount
business, have the necessary machinery
for increasing their reserves or decreas'
ing their liabilities. Such a banking sys,
tenn would provide the paper currency
which the American people would rather
handle in their daily TRANSACTIONS ano
carry about as pocket money than specie
! Iron Age.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
rNITED STATES NATIUNAI
n.sxs OWN NOTES ON HAND.

THESE diagrams show that IN oco,iano
there is about 90 per cent more OF , Iur
=, February. In Canada there is ~ per
cont more currency in circulation III oc-
t toSer than in May. In the United States ate
.Sore was only per cent change IN CIR,
citation during the two years ieVi anu
,eoS and the most of this change IS ac-
counted for not by the changing rgas ~ fet tbs
year but by the sales of United s'asss
y Sonds' w which made it convenient 4, Tor
Son n to increase their circulation. Nj
Boot thus explains the changes IN Gan
ada and scctiand' ,,u tho cir.
~" "For instance, on comparing the c,r.
o,,.t;on Of Canada and Scotland, .hs
Crss thing noticed is that in Scotland
.,,eye are two upward movements one
n',m,nating in May and the other 10
v vnne,nber, while in Canada the former
I.ovs,saut is entirely absent ana 'ns
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
Hairpin Motor.

A fnse burned out in one OF the Weth-
ersfield cars, and the car at once came
to standstill. After moment INC mt mt
torman opened the front door, ana, pu pun
t;no in his head, inquired, Can any
,ad s lend me hairpina" His singular
. .a was at once complied WITH ana
i ~ : short time the car was again under
II, ,n. q S. "Wbat did you want that hairpin
forY, asked the woman who mao 10 s1 -.
piled it of the conductor when en- Una. ct" IT,
fcial came to collect her fare far .ori 10
no,at q fnse out Of, was the reply,
Mand 7 puess you are entitled to rae e
.r alt this . trip; And she did, while the
other passengers applauded heartily
Hartford Post.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
please Take Notice.

We are pleased to tell you that W.
make everything pertaining to the shoe
makers trade as cheap as ever from the
best quality OF leather. Mems boots OF
shoes soled for As and so cents, ladies
shoes soled for 80 and 40 cents. We
have a nice assorted stock OF fall and
winter snoes, ana our own maze shoe
packs, which we will dispose "a ct YER!
low figures. Good work guaranteed.
OKER & KEMPPAINEN.
Fifth street, Red Jacket, next to jacob
Gartner's store.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

It is probable that at the April election
instead OF the metallic voting stamps and
ink pads being used in marking the bal
lots the voters will find in the booths a
blue oil crayon pencil for the purpose, a
bill having passed the house at Lansing
providing for the substitution. The rea-
son for the change ia not apparent unless
it has been found that the mark OF the
stamp too easily shows through the
folded ballot.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

other occurs one month earlier than In
Scotland. The explanation will without
doubt be found in the Scotch practice OF
making payments on mortgages, inter-
est, mlnuities, etc, at those dates-a
practice not followed so extensively in
Canada.
Gin general a single annual move
ment may be said to characterize agri-
cultural communities. This occurs IN
the fall, and is due to what we have
come to call moving the crops. Its
explanation may be found in the fact
that farmers, as class, are not accus-
toned to make use of bank deposits, and
consequently when payments are made
to them for their crops largely at SIN
gle season of the year, the surplus over
immediate payments is required by them
| in the form of notes-it being unques-
| tionably true that in any of our agricul-
| tural communities in 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
| which leads in Canada to an annual ex-
pansion of 20 per cent in the bank cir
culation.
Undoubtedly the needs for currency
in the United States change about as
much as i'll Canada, but the cost OF buy
ing bonds at high premium ON which
notes can be issued only to 90 per cent
| of their par value, the red tape neces-
sary to obtain these notes from the gov
eminent and the tax on circulation
make delay and cost in increasing the
circulation which practically prohlbl'
an increase until the need for such IN
, crease is past Therefore interest rates
in this country run up rapidly in Au
gust and September without appreciabl!
! | affecting the supply Of currency.
In Scotland and Canada the machiner.
! | necessary to increase the supply OF cur
rency is simple and is entirely in tn
hands of the banks; hence the cost an
!, delay necessary are much less than wit
. MS Thus in Canada q few big bank
with numerous "branch banks" suppl
. all parts of the country with currency
!, When more money is needed In an
" proyince - as in Manitoba when tn
. wheat crop is being harvested-rates
!. interest begin to rise. The profits OF SUI
plying currency in this province are II
creased, and Immediately additional sul
= plies of currency are sent from the D.
)" banks in Montreal, Quebec or Toron
to their branch banks in Manitoba. Tn
!, the cost of moving the crops is mu'
=. lower in Canada than in the Unit
= States, where rates Of interest go up al
:" down without materially changing c
supply of currency. OF course the farl
ers, through increased competition
I bidders, who obtain plenty OF money
low rates Of interest and can AFFORD
nav high prices, reap most OF the benei
There are other advantages connect
NJ with "branch banks" which 1t Is
necessary to explain here. 1t is sufiicie
to say that in Canada there is no sii'
question to disturb business and occu
the time of politicians and legisiato
It is not likely that we will have mn
cial peace until we greatly improve
| banking and currency systems.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
AUGUST GREN.
and Mattress Maker.

Upholsterer and Mattress Maker.
All kinds OF upholstery work done on
short notice in first-class manner, and
cheaper than the cheapest. Carpets
cleaned, window draperies made, designed
and hung. awnings replaced, etc. With
ten years OF experience, solicit your pat
ronage. All work guaranteed. Office
and shop at No. 451 Front street. Calu-
moi Mich
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
Afraid Of 10 to 1 Fire.

The Democrats of Rhode Island VIII,
IL is said, ignore the currency question
in their coming state convention. They
will ignore it for the same reason tnat .
burnt child stops playing with fire. IL
is to be hoped that the Democrats VIII
profit by past mistakes 1t would be q
n;tv not TO have the two great old par
t;os In the field in 1900.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

The bread and cake OF the Superfo
Bakery can be had at che following agen
cies: James Lisa's. Mrs. Hoskin's. Red
Jacket; Martin Kuhn's. j. {. Leans
Peter Olcem's. Calumet Village. and
Weisenauer's, Guilbaul's. Lake Linden. a
fresh supply is LETT at these agencies every
dav. and the prices are aslow az the .owes'
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
Next to Carlton hardware store.

Our greet clearing sale for the next
thirty days, for cash only. to be sold at
so per cent on each dollar. consisting OF
dry goods, clothing, boots and shoes,
ladies' and gents furnishing goods. Call
early as it will be to your interest. The
Laurium Fair, next to the post office.
l. FEINBERG & Co., Props.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

The cinematoscope is repeating its sue
eess at Calumet at the Armory Opera
House. Last evening the house was
completely filed and the spectators we're
eV'de NY very well pleased with their
entertainment. Parties from Dollar Bay
ana the Atlantic helped swell the attend
aOce. The company will continue this
''eoev nd tomorrow. From here the
somI"'T goes to Marquette after short
LAKE L'nden engagement and It Is posi-.
we mat dates may be arranged Tor Han
'ock toward the end OF the month. The
monograph portion Of the program IL
VIE best ever heard here. The selections
a'eup to date and very plainly heard.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
The FINLAND ere
Gartner's store

Mutual FIRE Insurance company OF
Houphtor and Keweenaw counties, or
eanised in 1890 according to the laws o.
the State Of Michigan, will insure proper
~ a, IT. meuber~ Have paid fire Loose.
over 81 900 aud dividends nearly $6,ooo
drrins the ,ast seve" years to m moere
"a Ave years' standing. On the first day
v, th;s wear the company had 4S2 mem
n .rs S421, 4Sn worth Of property In
sured and $40. 6es.54 in treasury. For
further pas ticulsrs apply to the under
signed JoHN BLoNo'Er, President
ALsx LEmoNEN, Secretary.
Ofaos. llS Pine ssrsst. upstairs hss
' JEW a... a e.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

The disappearance OF that set OF china
from Hennes' warehouse is still as great
a mystery as ever and the interested
parties have become convinced that the
thing ia no Joke.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

Supt. r. G. Collins, oil the Dollar Bay
wire and rolling mile, received a tele-
gram yesterday stating that his mother,
who has been i'll, was much worse. He
Left To-, Norwich, Conn, on. yesterdays
afternoon train.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
Clearing sale

of $40. 900 worth OF clothing. dry goods
shoes, mackintoshes. LADIES' capes, wrap
pers, etc. Goods will be sold at your
own price. No monev refused and no
charge for examining the goods. Come
and avail yourself of this grand oppor'
tunity. sam MA" hhNoh'
Next to Carlton hardware store.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
Sc. Georse,. Ha / 10 Reut.

The st. Georges Hall is to rent on very
moderate terms on the following even
ings. Every Wednesday. every alternate
Thursday and three FRIDAYS in each
month. For further particulars apply to
John Jenkin, William Maynard. r. B.
Rule, trustees
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

A regular examination OF applicants
for teachers certificates will be held at
the high school building, Hougbton, on
Thursday tni Friday, March 20 and 26,
commencing promptly at 8 a. m. each
day. WILLIAM BATH,
School Commissioner.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
Ia..p,. Progrcssive Step.

Japan shows both its progressiveness
ana its financial honesty and sense IN
providing for gold and silver coinage az
. ratio of 82L to4. This is the com.
mercial ratio enforced by Jefferson ana
sought by every succeeding administra-
tion until the Blandites tried to make 9
dollar out Of 80 .centa New York
World M
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

The annual ball OF Hancock Lodge,
A. o. u. w., will be given at st. Patrick's
Hall on Friday evening, April 90. Par
ticulars as to arrangements will be FUR
nished later.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
M. Army Talk.

, hlo1sM gets to telling his army .,,1a !
s snop;euces don't you sometimes w''D
he was deadG ~, indeed: but I
wicks-The ideal NO, 'r ~sr had &C.
sometimcs wish that the @R ~S Tran,
s u SO years earlier -bo''0A
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
TO secret Societies and Others wish
ing 60 Rent a Lodge Room.

The Temple OF Honor lodge room is
vacant on Wednesday and Friday even
ings OF each week. Parties desiring to
rent the same may apply by letter to the
Union Temple of Honor and Temperance,
No. 48, Calumet. Mich. Secretary's ad'
dress. 2O29 Calumet street.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

Madame Smith. the clairvoyant. is still
in the city and can be consulted at her
residence on Sixth street, oyer Sotlich's
building.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

The contest for the nomination Tor
treasurer Of Portage township has mar
rowed down to Michael NJ. Foley ana
Joseph Schmitzsr.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

Mrs. Carrie f Young, OF New 'Aio'on'
NY. is visiting her nephew. Horace o.
Stevens of Wpst Houghton.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

Can't. C. Van Dorm, district missionary
for eastern Michigan, will speak a. 'he
Hancock Baptist church Sunday evening
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
To Mine Owners and Timber Con
tractors.

For sale. in Keweenaw county, about
$50 acres OF land, the standing timber
being cedar. hemlock and Norway.
Part OF this land ia on the shores of Lake
Superior and about four miles from Boil
mann's lumber railroad. For particu-
lars apply at the NEWS Office.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

Our lodge room can oe rented To-
meetings on Saturday evenings.
SWEET OLSON.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

Smokers, II you nave tailed to IND
cigar to suit You, try "Heimlich'
Crown" the best In the market.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

houghtou county has practical joker
worthy Of an extended reputation. The
"aewins item from the paper mentioned
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
there In ia fair sample of how he docs
the innocent aud coDfiding:

County Clerk II. II Shields returned
Sunday evening from Washington, whpre
he witnessed the Inauguration. Bob. 4"
in the course OF aconversation with Pres.
ident Mckinley, was told by the presi.
dent that he was well pleased with the
article anent the Michigan Mining School,
which the Gazette recently published.
The president takes considerable interest
in matters OF this kind"
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
CALUMET BUSINESS POINTERS

Fine Cider For sale.
Just received, new lot OF fine cider at
James Lisa's.
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12
PASSENGER Trains on 4. & c. R. 4.

.Daily. Daily except Sunday
The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-03-12

PASSENGER Trains on N. R. R. L
In effect December 20. 1895.

.Daily. tDaily except Sunday.
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1897-04-15
Ia VENGANzA DE uN NOBLE

aquea precosa cratua fuee precsamene la 1uerda
cunado.
Tocane OLYMPIA, que adivnaba el pensamiento
da sufrla clio estaba humada Una nquietud
apodeo de odo Que todo Paris CASTOR
la Terrade la importaba. ,Por QUE pues
deseaba arentemente ospecha
en- la mente del baron? u6 mpoanca haba adqudo para
ella aque hOmbre agunas horas? ubiera
deeado solas 6 desde aqu6l nstante 6
de aquellos hermosos oo volvi6
de la comda habiendo dicho OLYMPIA que deseaba
durante aquea hermosa noche voer casa Gambia
lie Otreclo su brazo para que apoyara e.
ME permitfs?-pregunt6 CASTOR
luerldo, os aseguro tengo NADIA que permitir.
OLYMPIA, muy contenta, apoyo ell brazo del
dvrto los dos hombres hstoreas de basdores
Tienen envdia de mi entire bastdores!-es liio.-Sera
tonta 81 rera de tales envidias
Estaba muy contena; propo veia agrada.
bmene satisfecho por gaanera de aquelos dos hobe
Cuantas suposcones no harlan 81 vieran noble
escoada cuando voy la opera per la manana? Preci
samente paso por estas mismas GALES.
-sSoa-pregunto Gambia.
-iSiempre sola iQu6n puede acompanarme, Dios mo!
Mi madre muy vea apenas puede andar Ademas
hermoso trabajar por el arte.
-Vos, por 10 visto annals mucho al
-1engo que amare. lie amaria aunque fuera mas
que por 10 ben que trata.
Hababa libemente francamente, magnarse que tales
frases pudieran parecer sngularmente provocativas
va hemos legado. Buenas noches
Un apreton de sonrsa fue la recompensa que
les d6 bondades deapareco de la
CASTOR ofreci6 cgarro cunado ambos drgie-
ron hacia ell puente de Europa
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1897-04-15

BB11orEcA <LA CoRREsPoNDENc1A PUERTO RICO, 35
A Candfa que habfa despedio carruaje al sa de la
opera, monte coche de aquiier.
-sQueres que neve d yuestra casa?
No, gracas ire pie
i Entonces la VISTA sligo felicitanloos
iSois muy pesado, caspita! Adios
The San Francisco call., 1897-09-08
ARRIVAL OF THE
STEAMER NATIONAL
CITY AT EUREKA
Returning Miners From the K1ondike Tell
of the Bad Condition of Affairs
at Dawson City.
OVER FIFTY MEN READY TO RETURN WITH
FORTUNES DIE FROM SCURVY

Provisions Are Getting Very Scarce and Many Will Return to
Escape Starvaton-The Steamer Weare Stranded on
Sand Bar and Her Cargo of Over
$1,5OOOOO IN Gold Transferred
to the Hea ay
The San Francisco call., 1897-09-08

seventy men during the winter. He put
up $50, 900 in advance as payment for his
goods, but later received his money back
with the information that only twenty
men could be fed with certainty.
If food could be got into the Klondike
there is work. say the home-comers, for
10000 laborers this winter.
A mistake which all newcomers into
Alaska make is to wear winter clothing
during the spring and summer.
The discomforts from excessive heat is
as great as the hardships from the terrible
cold OF winter. The thermometer varies
from so to 20 below zero in winter and to
100 above in summer. The summer is
short, but excessive.
The population of Dawson City in July
was about 500. About as many more
are on the trail. Not more than a third
of the incomers can secure work.
The claims are all staked out on all
creeks within fifty miles of Dawson.
The appended was written on the
Weare by one o; her passengers:
Come all you fellow passengers,
And listen TO my tale,
The San Francisco call., 1897-09-08

gers were transferred to the river stea me
Healv, and will be brought down on the
Cleveland and other steamers when that
ship arrives. The Woare were discovered
on the flats by the Healy on her trip
down the river from Dawson City to ST..
Michael. She passed her and then re-
turned for her gold and passengers.
For seventeen days the Weare remained
on The sand bar before being relieved by
the Healy. The passengers with all their
shining gold aboard employed almost su-
perhuman efforts get their craft afloat,
but all to no avail.
The last heard of the Weare before
the Healy arrived was on July %, when
the Alaskr Commercial pany's stea M
er Bella passed her at Circle City. She
should have reached st. Michael on Au-
gust |, and contributed her share of pass
engers to the Portland's list, but did not
arrive in time 10 catch her sailing day,
August 16.
1t was thought at st. Michael that the
Weare had had the misfortune to break
her machinery, and for days she was ex-
pected hourly at st. Michael She had