davidaulloa/AmericanStories huggingface dataset:
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
FRIDAY MORNING, MAR rs, 1897

an increase until the need for such IN.
crease In 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.
tehcy is simple and il entirely In the
hantis ,of THE banks, hence Tho cost and
DELAY necessary are much less than with
us. Thus in Canada few big banks
with numerous "hranch hanks" supply
all parts of the country with currency.
When more money is needed in any
province ms in Manitoba when the
wheat crop is being harvested--rates Of
interest begin to rise The profits of sup
plying currency in 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 in 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 IT interest and cali afford to
pay high prices, reap most 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 70 disturb business and occupy
the time Of politicians aud legislators
1t is not likely that we will have finan.
cial peace until we greatly improve our
banking and currency systems
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
CURRENCY
ELASTICITY.
lNFERloRiTY OF OUR OWN AS COM.
PARED WITH SCOTCH AND CANA
DIAN CURRENCY SYSTEMS.

Need For Moro Money to Move Crops Il
At Once Supplied In other Countries,
hut Not Iii This Red Tape, Cost and
Delay In Obtaining Currency Make Our
System Ineiastic and Increase Rate Of
Interest In August ana 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. *ss 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 &bnths may entail
heavy losses upon the agricultural as
well as upon other business interest. "
How hard and inelastic is our present
unscientifio currency System, or lack of
system, is apparent when comparison
is made with the currency systems Of
other countries, In pamphlet recently
issued by the sound currency committee
of the Reform club Mr.. L. Carroll Root
illustrates the relative elasticity OF 20
different banking systems in 10 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 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 base
line aid to reduce the amounts on other
sates to percentages of this In this way
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 strik-
ing way the great difference in elasticity
of currencies in Scotland, Canada and
the United States
BANKS OF SCoTI.AND-TgN BANKS
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
STATE NOTES.

Arthur j. Dewey is to he appoint
ed postmaster at Bennington. The
present incumbent's time expires in
May.
N. d. Phelps and wife of Barre
were seriously injured In a railroad de
railment hear Oakland, Nd, Sunday.
N. D. Phelps is chief engineer of
the Barre fire department He is a
member of the firm Of Phelps Brothers,
merchants, and with his wife had been
on an extended western trip.
Prof. S. J. Blanpied, principal of
the Montpelier high school, died Sun
day afternoon after brief illness from
liberation of the stomach. Prot.
Rlanpied had been at the head OF the
city schools Tor the past five years.
He was member of the executive
committee of the state teachers associa-
ton and was one of the prominent edu-
Gators OF the state.
Warren L. Howard, postmaster at
! Fair Haven, was arrested by United
States Marshal Harris Friday Oh
the charge of misappropriation of gov
eminent funds. He was brought be-
| fore United States Commissioner
Wayne Bailey late Friday afternoon
and was placed under $500 bonds on
two counts for his appearance at the
May tenn of the United States District
| court to be held at Windsor.
Robert j. Hanley, postmaster at
Castleton, was brought before United
States Commissioner Wayne Bailey
Friday and bound over to the United
States District court, which opens in
Windsor in May. Hanley's arrest is
in pursuance of an Indictment against
him for embezzlement.
The Rutland Herald says, it is un-
derstood that this prosecution is the
outcome of irregular acts on the part
of clerk in the Castleton postotiice,
to whom had been intrusted the work
of keeping the account books OF the
office. When irregularities in the
money order department were discov-
cred some weeks ago the clerk was
discharged and the postmaster
promptly paid the shortage in his ac-
counts. This is the postmaster's ver-
sion of the affair.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

The 80 called Christian powers Of
Europe are still doing all they can to
aid the Moslem, murderous Turk to
hold in subsection the Christian people
Of that empire and murder them at
will. The blockade OF the island Of
Crete was put in operation on Sunday.
The object Of the blockade is to prevent
the insurgents, Christians, who are
fighting for release from Turkish rule,
from obtaining supplies while the Turk
will be allowed to land all they may
wish. And Great Britain, that is ask
ing us for an arbitration treaty, is one
of these powers. The way to arbitrate
with any such power is with good fit.
teen inch guns well served.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26


The long overdue ship Z. f. Cakes,
which left Hong Kong July 4, 259
days ago, with general cargo for
New York and which had been given
up as lost, was towed into port Sun
day morning by the British tank
steamer Kasbeck, Capt. Muier,
which picked her up last Thursday
in latitude 1872, longitude 6s.44. was
bound from Philadelphia.
Capt. Reed of the Cakes, when in.
tervlewed at quarantine on his arrival
TOLD a story OF suffering and privalion
The Cakes left Shanghai the fifth of
last May and after completing hel
cargo at Hong Kong sailed from that
port July 4. The crew were appar.
emily in the best of health, with the
exception of Capt. Reed, who had
been alllng for some time, but who,
under the careful nursing of his wife,
thought himself on the high road tc
recovery When six days out in the
China sea terrific typhoon was en-.
countered, lasting several days, dur
ing which the fore and main topmasts
were sprung.
The vessel was obliged to run be.
lore the gale, which had no sooner
blown itself out than it was followed
by a second typhoon, which blew with
great fury for "a days.
The vessel was now we'll out in the
north Pacific and so far off her course
that Capt. Reed decided to shape his
course by way of Cape Horn rather
than by the Cape of Good HOPE.
hoping thereby to make better time
Inc weather remained fine, nothing
but light airs and Gains being expert
enced until Cape HON was rounded
l67 days out. Between that time and
February II five members of the
crew died of scurvy. One by one the
other sailors were obliged to quit work
until on March l nobody was left ex.
cept the second an third mates. The
captain and his wife were nigh ex.
hausted, and when strong northerly
gale sprang up on that day the brave
woman was obliged to take the wheel
for eight hours without relief. The
provisions were running short, and
the crew were left without other than
the barest necessities. A sharp look
out was kept for passing vessels, but
nothing was seen until the Kasbeck
hove in sight.
Mrs. Reed, the wife of the captain,
is woman OF great pluck and en-
durance. She was born in New
Hampshire about so years ago and is
a direct descendant of Mollie Stark.
wife OF Gen. Stark of revolutionary
fame. For the last IA years she has
accompanied her husband on all his
voyages, having been nine years with
him in the I. F. Cakes.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
A FRENCH LINER GOES TO The
BOTTOM OF THE SEA-


The French line steamship Vile de
St. Naxaire, Capt. Jacqueneau, which
sailed from New York March 6, for
the West Indies foundered at sea.
OF her S2 passengers and crew only
four are known to be saved.
OF the SO persons, men, women and
children, who were in that boat after
the steamship touudered only four men
lived to be rescued. Two other boats,
containing the officers and crew of the
sinking ship, We're probably lost in the
storm off the coast, for nothing has
been heard of men or boats.
At the bottom of the ocean lies the
Vile de St. Nazaire, with her cargo,
which was worth $4,000, and S25,'
600 in gold. She sank out of sight al
most as soon as her crew and passen
gers were able to leave her in the rag
ing tempest. She must have sucked
down one Of the boats in which her OF
fcers and crew were trying to carry
themselves from death. The cause Of
her laundering in the gale and heavy
seas may never be known, but she was
supposed to be seaworthy, although she
was an old ship, She was surveyed
only few months ago. There will be
an investigation, of course, but 1t Is
doubtful if the survivors can tell any
thing to show if there was negligence
of kind to cause shipwreck.
Later-Another boat has been pick
ed up containing Is persons.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

In February. In Canada there is 30 per
cent more currency in circulation in 90
tober than in May, In the United States
there was only per cent change in cir
culation during the two years 1894 and
1895, and the most of this change is ao-
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 1t convenient for
banks to Increase their circulation. Mr..
Root thus explains the changes in Can.
ada and 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 IL entirely absent and the
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. annuities, ETC., at those dates-a
practice not followed SO extensively in
Canada.
In general 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-
tomed ID make use of bank deposits and
consequently when payments are made
to them for their crops largely at sim
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 aily 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 a much larger amount of
currency than duri,ss this rest Of the
year The result in the aggregate is an
extraordinary demand, such as that
which leads i'll 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 a high premium ON which
notes can be Issued only to 30 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 prohibit
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

There is more Catarrh in this section
of the country than all all other diseases
put together, and until the last few years
was supposed to be incurable. For a
great many years doctors prom ounced it
a local disease, and prescribed local rem
edies, and by constantly failing to cure
with local treatment, pronounced it in
durable. Science has proven catarrh to
be constitutional disease and therefore
requires constitutional treatment. Halls
Catarrh Cure, manufactured by f. J..
Cheney 6 Co.. Toledo, Ohio, is the only
constitutional cure on the market. 1t is
taken internally in doses from 10 drops
to a tea spoonful. 1t acts directly on the
blood and mucous surfaces of the system
They offer one hundred dollars for any
case it falls to cure. Send for circulars
and testimonials. Address
F. J. CHENEY & Co., Toledo O,
NrSold by Druggists, 75c,
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

The president Friday sent to the
Senate the following nominations
Powell Clayton of Arkansas, minis,
ter to Mexico.
w. NJ, Osborne of Massachusetts
consul general at London.
j. X. Gowdy of Indiana, consul
general at Paris.
j. H. Brigham of Ohio, assistant
secretary of agriculture.
P. S. Heath of Indiana, first asst
ant postmaster general.
H. l.. Marindin, a member of the
Mississippi river commission.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Surely Mr.. Bayard does not contem
plate leaving England before mex,
June, when the Queens jubilee will be
deliberately celebrated, Notwithstanding
the appointment and confirmation by
the Senate of his successor as Ambassa.
dor from the United States. But,
come to think, perhaps Mr.. Bayard, as
private individual wouldn't cut much
of swell at the jubilee festivities.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

The Senate Friday confirmed The
following nominations: Charles +
Gordon, postmaster at Chicago
John Hay of the District of Colum,
bia, ambassador to Great Britain
Horace Porter of New York, am.
bassador to France; Henry White Of
Rhode Island, secretary of embass,
at London; Perry S. Heath of In,
diana, first assistant postmaster gen
eral; Albert w. Wishard, United
States attorney and Samuel E
Kercheval, United States marsha
for the district of Indiana.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Fitzsimmons, who has earned the
fame @ of being the biggest and
strongest brute in the werld says he is
now out of the ring and Il will try to
ornament society as Il have the pro.
fession." Well, WE'LL Isn't that
cheek for you? This bruiser whose
lack of brains is attoned for in an en-.
ormity of mouth that is absolutely ap.
palling, is going to ornament society!
The skunk is going to sweeIeD the vio-
let's breath, ehs
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Soothing for burns, scalds, chapped
hands and lips. Healing for cuts and
sores. Instant relief for piles, stops
pain at once. These are the virtues oil
DeWitts Witch Hazel Salve.
c. E. Bacon, Londonderry, F. E. Smith
Jamaica, Jonas Hill, Bondville, G. G.
Smith, So. Londonderry and F. B. Pier
Rawsonville,
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
Must 70 Alone.

A correspondent sends us the follow.
ing beautiful lines but does not give
the authorship But this will not de.
tract from their sweetnessl
Slowly he passed from the house of God
Der the path his feet from his youth had
trod.
And he said, in a sad grief.laden tone,
The rest of the way, ~ must go alone"
He had lived for nearly three score years,
And she, who had shared his hopes and
fears,
To rest, meath the summer flowers had
gone,
And the rest of the way, 'He must 60
Alone"
He thought of the time, long years ago,
When the form now laid in the church.
yard low
Beside him, a fair young bride had gone
From that church he was leaving all alone
The snnbeams. today, as brightly glow
As on that morning some time ago,
But the light from his heart had gone
The way was dark, "He must go alone.
And over in thought, he lived each year,
When she walked beside him to bless ant
cheer,
And he pinned for the gentle loving tone
OF the sweet, sweet voice, "He WIS al
Alone"
Few tears he wept and few words he sai(
When others spoke of the loved one dead
But ever, still small voice made moan,
In his silent heart alone, alone.
And the drops his eyes refused to shed,
Fell on his heart like molten lead.
And his form grows bent and his fac,
| was strewn
With lines of grief, "He is all alone"
Thick falls the frost on his wrinkle,
. brow,
| Till his raven locks grew white as snow
Not long has the weary man to moan
"The rest of the way must go alone
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

If the republicans can put the idle tc
work and increase the income of those
at work, there will be little grumbline
over the raise in prices that will neces
sarily follow the new tariff; but if the
cost of living is increased without 8
corresponding increase in work anc
pay there will be trouble.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Floods in the Southwest have re-
suited disastrously on the Mississippi
river, Arkansas being the principal
sefferer. Levees have been broken
and many square miles of territory
have been inundated causing much loss
of life and the destruction of large a
mount of property.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

A torpid liver means bad complexion
ad breath, Indigestion aud frequent
headaches. TO avoid such companions
take DeWitt's Little Earl Risers, the
famous little pills.
c. E. Bacon, Londonderry, F. E. Smith
Jamaica, Jonas Hill, Bondville. G. G
Smith, So. Londonderry and F. B. Pier
Jacksonville.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Mrs Rowena Shelby of Keene, N
H., was 1O1 years old last Friday.
Her name before marriage was Ran
sted, She was born at Springfield
VT, in 1895, her parents being Ruff.
and Anna Ransted, who had sever
children. Her health is very gooc
and she bids fair to see several more
birthdays. She is the oldest person in
Keene.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Whatever may be the difference Of
opinion as to the merits of the new tar.
1T bill, the opinion is practically UNI
aminous that long tariff debate in the
Senate will be injurious to the country.
1t ought to be impressed upon the Sen.
ate that whatever is done shonld be
done speedily.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
Bro oklYn. N Y Dec 10 100

MESSRs. ELY Bros IL have used Ely's
Cream Balm number of years and fine
it works like a charm. 1t has cured me
of the most obstinate case of cold in the
head in less than 48 hours from the time
l felt the cold coming on. l would not
be without it. Respectfully yours,
2S3 Hart st. FRED'K FRIES.
Cream Balm is kept by all druggists
Full size SOC. Trial size 1Oc. We mail it
ELY BROS, IS Warren ST., N. Y. City
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Gov. Black doesn't appear to have
as much influence with his party as a
protege of Senator Plat might be ex.
pected to have; hence the assertion in
some quarters that Gov. Black has
gone out Of the protege business.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Silver continues on a oW ward
course. Our dollar now cou ain but
forty-eight cents worth. At this
rate it will soon be so that most any
chump can be born with silver spoon
in his mouth.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Sam Jones is said to value his ser.
vices as an evangelist at $4,000 a
month, and to demand a guarantee
that the money will be paid before
starting to lombard Satan's entrench-
ments with his slang bombs.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Senator Hanna was appointed to
the only public office he ever held
previous to entering the Senate
government director of the Union
Pacific R. R.-by ex President
Cleveland.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
Afraid. of 10 To I Fire.

The Democrats Of Rhode Island will,
it is said, ignore the currency question
in their coming state convention They
will igncrc il for. the eame reason that a
hurht ckila STEPS piayilg 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 Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

In discussing the possibility of elect
ing ex-senator Hill to the House next
year and then making him Speaker Of
that body, his friends are going several
points ahead of counting hio ,ens be.
fore they are hatched
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

President Kruger, of the Trans
vaal Republic, showed himself lack
ing in diplomacy when he referred to
Queen Victoria as "a troublesome
woman"
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
NO ProtectinR Arm.

Bess-How do you know they quar-
relied while out driving?
Jess-On the way home he allowed her
to fall out Of the buggy.-N. Y. Journal
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Newspaper readers must be convinc-
ed by recent publications that freak
Legislation is not confined to any one
State or section, any more than fools
are.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

weed in the garden can be easily de-
stroyed when it first starts, Consump-
lion can be nipped in the bud by One
Minute Cough Cure.
c. E. Bacon. Londonderry, F. E. Smith
Jamaica, Jonas Hill, Bon viile, G. G
Smith, So. Londonderry and f. B. Pier,
Jacksonville.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
The Native Brand.

Bragg (of Connecticut)-How did
you find those cigars, colonel?
Negotiations, old man. We had
them for dinner last evening, boiled
with corned beef-Philadelphia Press,
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Whatever may be the state of mind
of others, it is certain that President
Mckinley isn't worrying to any ex-
tent about the offices.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Capitalists can boom a town for a
time easy enough, but it requires le-
gitimate business to make a city.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Japan shows both its prUgr6ssiveness
and Its financial honesty and sense in
providing for gold and silver coinage at
a ratio Of 325 to l. This is the COM
mercial ratio enforced by jefferson and
sought by ever. succeeding administra-
ton until the Blandites tried to make a
dollar out of so cents. -New York
World
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

Halls Hair Reviewer cures dandruff and
scalp affections; also all cases of badness
where the glands which feed the roots of
the hair are not closed up.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26
Love Mt Firat Sight.

Friend-So yours was case Of love at
first sight?
Mrs. tonejoy-Yes, indeed. fell
desperately in love with my dear hus-
band the moment set eyes upon him.
l remember it all as distinctly as if it
were yesterday. was walking with
papa on the promenade at Brighton,
when suddenly papa stopped, and, point;
ing him out, said: There, my dear. Il
a man worth 100000" -Tit-Bits.
The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1897-03-26

The prize fighters thrive on the
money of "suckers" just as do the
green goods and other fake schemers.