davidaulloa/AmericanStories huggingface dataset:
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
Gold and Silver Nuggets.

First. There is not a free coinage
country i'll the world today that is not
on a silver Cor paper) basis.
Second.-There is not a gold standard
country that does not use silver MS
money along with gold.
Third.-There is not a silver standard
country that uses gold along with silver.
Fourth.-There is not a silver stand
ard country that has more than one
third as much money in circulation per
capita as the United States.
Fifth.-There is not asilver standard
country in which the laboring man re-
ceives fair pay for his days labor.
Sixth.-There is not silver standard
country i'll which interest rates are not
higher than in gold countries.
Seventh.-Nearly all civilized coun.
tries have turned from a silver to a gold
standard during the past century. None
has turned from gold to silver.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
The Only Good Paper Currency.

All propositions for the retirement of
the legal tenders and the abolition of
the treasury reserve as a feature of our
currency system are coupled with the
demand for a banking system that would
afford u large note circulation, one more
responsive to the fluctuating demands of
business and one whose reserve would be
maintained by banks which would be
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-
TEN would provide the paper currency
which the American people would rather
handle in their daily transactions and
carry about as pocket money than specie.
Iron Age.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
CHER1FF's SALE.

Ky virtue of an execution. issued out of and
under the senl of the circuit court in and for
the county of Fall River and state Of. South
court on the 18th day of March, A. d. 1897,
Of March. a. d. 1897; in an action Wherein
tiff, and Black Hills Development Company,
. corporation. and Harry u. Clark, are de
PENDANTS; in favor Of the said plaintiff, and
Three HUNDRED and Twenty Eight and T0-100
lS'5S.,O, Dollars, which execution was directed
and delivered to me us sheriff in md for said
title ,nd interest of the said defendants Buck
a M,tiI H RsYsli e Gfark cGi % a"d - a ,S Sor}P s,'nSna,
described, real estate and property to.wit:
hhe fn two thirds "a interest Of said defendants
fifty six t5G): all of lots number az. two (2).
eight !SA, and seventeen M, in block number
fifty-siN 1851; also lots number one m, two III
eight Isi,' in block number iii fift tS., sne1 isi 81 and and
all of lots number two IL, three [3l. eight 1871,
nine ~ and ten !1Ol in block number tfty-two
town of Hot Springs, in Fall River county,
SoSth Dakota. together with all nppurtenan-
ceS and improvements thereon or thereunto
NOTICE is hereby given. thnt 1, the UNDER
signed. us sheriff us aforesaid. will sell the
above described, real eftate and property I
ut the front door of the court house in the
city OF HOT Springs, in the county Of Fall
FLYER; and state Of South Dakota; on satnrs
O'Clock p; IN. of that day, or so much thereof
as may be necessaey to satisfy the said
execution. together with the interest and
Dated, Hot Springs. s. d. March q, AID. 1881.
CHARLES S. EASTMAN,
FOWLER, Gull WHITFIELD,
Plaintiffs Attorneys.
First publication March 81 81
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

sympathy with the members OF the in
stitution to prevent the transforms
ton of a pleasant home into Il bedlam.
of discord. Old soldiers who live ut the
home are necessarily old men; many of
them are childish, some are opinion
ated, and all are set in their ways, and
jealous of their rights, and the man
who San control a hundred odd of these
men and have a semblance of happi-
ness among them is u good man, and
while we've got him let's keep him if
we can.-Keystone Miner.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

Gov. Lee has named May LIST as Ar
Dor Day. 1t should be observed by
every school in the state and it would
be we'll if every resident property own
or in the municipalities and those
on the farms as we'll would on that day
do something to beautify their homes
by planting trees and ornamental
shrub bushes. 1t takes but little work
Or expense and will in a short time add
many dollars to the property's value,
and be a source of comfort to the body
and of pleasure to the eye. A build
ing may be never sobeautiful architec-
turally, it fails of perfection if its set
ting is false. Beautiful lawns, with
trees and shrubs and flowers go SO
much to make a home pleasant and
what it should be in appearance that
the wonder is that more of our citizens
have not begun work of this kind.
Let every one interested in making
Hot Springs attractive and inviting
do something in this way on Arbor
day or some time this spring. Every
one who contemplates making this
beautifully located city his home,
should be interested.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

Mayor Anderson's candidates for
conncilmen were elected, and he will
now probably have everything just as
he desires at the council meetings.
The members of the council are
mostly men who know what the
best interests of the city demand, and
that they will guard those interests,
the people who electedthem confident
ay expect. The water and light ques-
tions have been made the main issue
Or the subject for contention, by the
mayor md successful candidates, and
just what policy the mayor and his fol-
lowers propose to pursue remains to
be seen. Anything just and fair that
will rebound to the welfare of the city,
viii be commemorative the under
st anding first, last and all the time
that any act that may deprive the city
of Hot Springs of water works will not
come under the head of the city's well
fare for we insist that Hot Springs
people do not want to entirely go back
to the barrel and bucket system. Some
people who do not own property and
have no financial interests in the city
trees, or shrubs, or lawnsto water
may not be especially interested in
this matter, but others are, and will
look to the council to protect their in
terests.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

Aspecial dispatch from !luran $50:
sold soldiers here and i'll in $ part of
the state are protesting vcy: strongly
against the removal of Can't. L,tcas as
commandant of the Sos, icss' Home ut
Hot Springs. Letters .:om iniiN ties of
the Home to friends here "i,ir,.l, them
to use their influence to inAiicc Gov.
Lee to allow Capt. Lucas 10 remain ut
the head of the institution. There is
some question as to the governors
authority in the matter. and it is urged
that so long as Capt. Lucas gives such
excellent satisfaction both to the in
mates of the Home and the general
public, he should be retained as COM
mandant. His experience in caring
for the told vets it is claimed, should
be carefully considered. Reports from
posts indicate that Grand Army men
are decidedly opposed to IA change"
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
MORTGAGE SALE.

Whereas. Default has been made in the
payment OF the principal and interest on the
9Th day of November, 1884, executed BY Erwin
g: Dudley, a widower, of the county Of Fail
River. and state of South Dakota, to Jennie
state Of South Dakota, which mortrnre S Was
recorded in the office of register of deed" ~
the sns cfGq iha OF fall Riyer; and the state OF
IL ;S0 o'clock 9: M, and
or otherwise have been Instituted to r e aWM
the debt secured by said mortgage, or any
part 2, t thereof. And it WIS simulated in said
the payment of any portion of the principal
Or interest promptly ut the time the same
sho y become due. or If default be made in
SEES before the sumo became delinquent, then
the WHO'S sum; both principal and interest,
should ut once become due; and
Whereas default hns been nude In tho nav.
on real property, and
Mnereas, The amount claimed to be due
SsaO.as' to.wit: ;$2a.OO principal and 1898 in.
f ier ;a,s besides the sum of si1;o5 taxes, inclad-
gee. besides the sum Of SO Statutory 9a sn,n Yo atter..
neys fees, al! being stipulated for In said
Therefore, Notice is hereby given that bv
virtue OF the power of sale contained i'm said
mortgage. and duly recorded as aforesaid, In
nna nrnW;ee Oh the ne statutes sai,I e in sncll case made
closed by sale Of the m~ortgaged premises
front door Of the court house, in said city it 'o Of
Hot Springs. county of Fall River, state of
south Dakota. ON Saturday, the 18th day Of
that day. Va
The mortgnged premises are situated IN thes
county OF Fall River, state of South Dakota,
and seven 70 in Block fiftytwo G2l ofSniphHHrr
Springs addition to Hot Springs, South Dnko-
Office of the register of deeds of suid county.
Dated ut Hot Springs, South Dakota, this
10Th day of April, a. u. 1897,
JENNIE E. BRADLEY,
CHARLEss. EASTMAN, Sheriff Of FAN River
county, 5. ID.
ELMER R.J%UCEETT, Attorney for Mortgage.
First publication April 18TH. s
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
WHAT is MONEY!

Subject Clearly Explained BY . College
President at . Convention.
The following is part Of the synopsis
printed by the Milton wis Journal Of
an excellent address by President Whit
ford of Milton college before the farm
ers' convention at a recent meeting at
Milton. It contains some very lucid
statements of money and Of the power of
governments to fix value:
First.-Two separate and distinct val
ues are assigned to money, one being
the intrinsic or market value of the ar
ticle used; the other the legal or face
value, indicated by the stamp or device
pressed upon the article. In some we'll
known instances what is popularity
called money has only one of these
values.
Second.-The common practice of
tribes and nations in selecting such ar
ticles or commodities for money is to
adopt two kinds or grades Of them, one
having greater market value according
to its weight, for use in the larger ex-
changes in trade; the other having lesser
value, for the smaller exchanges. This
practice furnishes the first essential COIL
dition for u system of bimetallism.
Third.-Only that money is basic and
widely and permanently used which is
made of precious metals. very generally
gold and silver. Other and perishable
commodities are finally abandoned or
held rcdeemable in these metals.
Fourth. THE market value of these
metals, not their face value, constitutes
the original and continuous quality by
reason of which they are almost univer-
sally accepted us basic or primary mon-
ey. Government OR custom can add a
quality, not inherent, but temporary,
to such metals and other articles used as
a medium of exchange. But the real
measure thus declared to be effective
and lasting must be the one established
by the lawsc Of trade. not by the edicts Of
government.
Fifth.-Government itself cannot fix
or control the market value or price Of
any metal or other commodity, whether
used as money or in the practical arts.
So it cannot make fiat money and COM
pei the people to circulate it a great
length of time as money Of any sort.
Sixth.-Any coins or other money
whose market value is less than their
face value always soo expel from cir
culation all coins Or other money whose
market value is greater according to
their weight, unless the former are re-
deemable in the latter. Whenever coin
shows even u slight infcriority of its
market value to it's face value, it tends
at once to crowd out Of use even q coin
whose two values are equivalent.
Seventh.-Gold has been adopted by
the principal civilized nations as pri-
mary money or the standard Of values
because of its greater market value, its
less weight for Il given sum Of money
and its least fluctuation i'll market value
of any of the precious metals.
Eighth.-Coins like silver, whose
market value is less than their face val
ue, can be kept circulating at the same
time with gold coins even in somewhat
large amounts only by being redeem
able III the same denominations with
the gold. The same is true of paper
money, which has no apprcciable mar
ket ynlre
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
weyler's Paper Promises.

Our "Grecnbackcrs'' should reioice
over the fact that another paper money
experiments beingtried. .'If grcenbacks
put down the rebellion in the United
States, why shouldn't they prove effect
i've weapons against Cuban rebels?'-
reasons General Weyler. who is flooding
the coast towns of Cuba with artistically
engraved promises to pay OH one side of
o piece Of paper and Il picture of u we'll
developed tobacco plant on the other
side.
The experiment is bound to be sue
c%essful, for the notes are made legal
tender in the worst way. Any shop
keeper who refuses to accept these prom
Uses for their face value is subject to ill.,
slant imprisonment i'll jails where con-
finement means almost certain death.
OF course under the circumstances the
notes r accepted. Wcyler, however,
forgot to decree that prices should not
be raised, and the Cuban shopkeepers
are meal enough to try to defeat the
experiment by raising prices. So far
they have only doubled prices, but each
IL is trying to see how high he can put
prices, and the end is not in sight.
Come to think of it, high prices, coll
stantly growing higher, have defeated
all past experiments with paper money.
Perhaps Weyler, by correcting this little
defect, may yet demonstrate that Green
backers are right and that cheap money,
by proper legislation, can be made just
as good as money made from costly
metals. What u boon plenty of money
would be to mankind! Success to Wey-
ler's experiment and death to the traitor
who tries to prevent its success by rails
ing prices or by refusing to accept Wey-
ler's handsome promises!
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
CURRENCY
ELASTICITY.
lNFeRloRlrY OF OUR OWN AS COM.
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 Tl,is-Ised Tape, Cos. and
Delay In Obtaining Currency Make Our
System Inelastic nnd Increase Rate of
Interest In August and September-Ect-
ter Banking and Currency Systems Alono
Can Rid Us of the Silver Question.
Secretary of the Treasury Window
said i'll his treasury report for 1890:
"In my Judgment the gravest defect
in IL present financial system is its
lack of elasticity. y The demand for
money, i'll 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, i'll August and Septem-
Der, annually causes a dangerous alb
sorption of money. The lack of IL sufi-
Gent supply to meet the increased de.
mands during those months may entail
heavy losses upon the agricultural as
we'll as upon other business interest"
How hard and i~nelastic is our present
unscientific currency system, or lack Of
system, is apparent when a comparison
is made with the currency systems of
other countries. In a pamphlet recently
issued by the sound currency committee
of the Reform club MI. L. Carroll Root
illustrates the relative elasticity of 30
different banking systems in 18 different
countries. He says:
1.-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 in each case is the two years 1894
and 1895. 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 percentageso of this. In this way
u common measure has been secured,
and comparison of IL 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 i'll Scotland, Canada and
the United States.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

ether occurs n month earlier than tn
Scotland. The explanation will without
doubt be found in the Scotch practice Of
making payments on mortgages, inter-
est. annuitics. etc., at those dates-a
practice not followed so extensively in
Canada.
"ln general q single annual nov
mcnt may be said to characterize agri-
cultural communities. This occurs in
the fail, ard is due to what we have
come to call moving the crops Its
explanation may be found i'll the fact
that farmers, as Il class, are not accus-
toned to make Use of bank deposits, and
consequently when payments are made
to them for their crops largely at u sim
gle season of the Year, the surplus over
Immediate payments is required by them
i'll tho form of notcs-it being unques-
tionably t1ue that i'll 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 Il 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 30 per cent i'll the bank Cir
culation."
Undoubtedly the needs for currency
in the United States change about as
much as i'll Canada, but Che cost of buy
ing bonds ut IL high premium on which
notes can be issued only to 80 per cent
of their par value, the red tape neccs-
sary 10 obtain these notes from the gov
eminent and the tax OH circulation
make u 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 this country run up rapidly in Au-
gust and September without appreciably
affecting 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
hands Of the banks; hence the cost and
delay necessary are much less than with
us. Thus in Canada a few big banks
with numerous "branch banks'' supply
all parts of the country with currency.
When more money is needed in any
province as in Manitoba when the
wheat crop is being harvested-rates of
interest begin to rise. The profits of sup
plying currency i'll this province are in
creased, and Immediately additional sup
plies Of currency are sent from the big
banks in Montreal. Quebec Or Toronto
to their branch banks in Manitoba. Thus
the cost of moving the crops is much
lower in Canada than i'll the United
States, where rates of interest go up and
down without materially changing the
supply of currency. OF course the farm
ers, through increased competition of
bidders, who obtain plenty of money at
low rates of interest aud can afford to
pay high prices. reapmost of the benefit.
There are other advantages connected
with ''branch banks'' which it is un-
necessary to explain here. 1t is sufficient
to say that in Canada there is no silver
question to disturb business and occupy
the time of politicians and legislators.
1t is not likely that we will have finan-
cial peace until we greatly improve our
banking and currency systems.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

j. l.. Davenport of New Hampshire
was appointed first deputy commits
sioner of pensions by President Nc
Kinley on Tuesday. Maj. Picker made
application for the position when ii.
Clay Evans of Tennessee was appointed
commissioner of the bureau. 1t be-
gins to look, according to Washington
reports, as though Maj. i'icAler's
chances for getting something tom
this administration are very sim.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
EXCLUSIVES OF BANKS wv NOTES ON HAND.

These diagrams show that i'll Scotland
there is about 20 per cent more of cur
rency i'll circulation in November than
i'll February. In Canada there is 90 per
cent more currency i'll circulation in Oc-
tober than i'll May. In the United States
there was only 6 per cent change i'll cir
culation during the two years 1894 and
1895, and the most of this change is ac-
counted for not by the changing needs
for 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 aud Scotland:
"For instance, on comparing the Cir
culation 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 in Canada the former
movement is entirely absent and the
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

The Argus-Leader is getting lots of
glory, since it became an advocate of
republican principles. 1t is the proud
p%ossessor of "a $4,000 libel suit, brought
against it because it made some serious
charges against some fellow named AL
len, and a. r.. Allen. Il pop of Clear
Lake thought of course no other be
sides himself could do such things as
the Argus-Leader charged, and there
fore A. II. Allen sued for libel. And
now the Argus-Lcader is just getting
fairly started. A few days ago it con
tanned an editorial charging Gov. Lee
with felony during the legislative ses-
sion in using the power of his office to
bride members to favor certain meas
ures that he wanted to pass. The pa
per makes specific charges, naming
persons and places, and deties the gov
ernor to prosecute it for libel. Pop
papers ave had any use for Gov.
Sheldon during his administration, but
not one of them ever dared make any
such serious charges against him as the
Argus-Leader now boldly Gov.
Lee with being guilty of. Let Lee sue
the Argus Leader for libel or else ex-
plain to an anxious people.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
NOTICE OF APPLICATION o PA R

be made in behalf Of Waiter FnrKer to Tie the.
Honorable Board Of Pardons of the State 81
South Dakota Mt the Office of the Secretary 81
ty, state Of South Dakota, at 10 O'Clock a. M,
ON the 18th day. Of May, AID. 1897. for a rec.
o~mme,ndation for q pardon for the ofPense of
kill. of which he was convicted in circuit
court ct Fall River County, Feb. nth, 1892, and
sentenced to q term OF ten years imprison-'
is granted application fora pardon for said
otfense will be made to the Governor of the
of Pierre. at 3 O'Clock p. IN. of said nth day,
of May, 1897.
Dated ut Lead, South Dakota, March %.
1876.
Fowler, Gull & WHITFIELD.
Attorneys for Walter Parker.
First publication April9. 81
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

The G. A. r. is circulating a protest
AGAINST the appointment of a new COM
mandant of the Soldiers Home at Hot
BpriDgs, or against making the Home a
political prize. The commandant of
~ soldiers home occupies a peculiar po-
1ition, and should be q man in full
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

Some wag suggested that the prison
n who escaped from Sheriff Eastman
must have got aboard the airship,
Judging from the %suddenness of his de-
parture and the great success he has
met with in escaping being seen.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
Afraid of 1a to 4 Eire.

The Democrats Of Rhode Island will.
it is said, ignore the currency question
in their coming state convention. They
will ignore it 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.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23

With Turkey and Greece at war and
Russia, Germany and other European
countries with chips ontheir shoulders,
it looks as though the United States
might have something of an unusual
demand for it's products.
Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1897-04-23
Japan,s Progressive Stem.

Japan shows both its progressiveness
and its financial honesty and sense in
providing for gold and silver coinage at
a ratio Of 32L to l. This is the COM
mercial ratio enforced by Jefferson and
sought by every succeeding administra-
ton until the Blandites tried to make q
dollar out Of so centa-New York
World.