davidaulloa/AmericanStories huggingface dataset:
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1897-01-08

JAMES CREELMAN, the brilliant
special correspondent of the New
York Journal, cables his paper from
Madrid some startling revelations
concerning the dealings of Cleve-
lands Administration with the
Spanish Monarchy in reference to
Cuba. He says that the reforms
proposed for Cuba are simply a
mockery, and an attempt to put the
Cubans in a false position, and that
the actual facts show that Cleve-
lands offer of mediation was simply
a cover under which the American
Government secretly proposed to
help Spain overthrow and suppress
the Republic of Cuba, and to enforce
peace in that island on terms which
the patriotic army would not accept.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1897-01-08

IT is stated that Senator Sherman
has definitely decided to remain in
the Senate and has so notified Nc
KinIey. His early decision is per-
haps FASTENED by the renewal of the
war between the Mckinley and
Foraker factions in Ohio. The Fora
ker crowd demanded that if Sher-
man went into the cabinet one OF
their faction should be his successor
in the Senate. Sherman would not
agree to this, refusing to resign his
seat until he had assurance that
Governor Bushnell would appoint
Mark Hanna to the vacancy. But
Bushnell is a Foraker man and de-
clared that he wouldappoint Charles
Kentz, Foraker's lieutenant and po-
litIcal manager. The result of all
this will be another interesting fight
among the Ohio Republicans.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1897-01-08

THE Presidents and Vice-Presi-
dents Of broken banks who are COM
hitting suicide, would have COM
mended themselves more to the
compassion of the world if they had
"shuffled off this mortal coil" before
wrecking their institutions.
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1897-01-08

The Hon. Joe McCullah, the
editor-in-chief of the st. Louis
Globe-Democrat, committed suicide
last week by throwing himself from
his room, which was three stories
from the pavement. He has been
regarded by some as the originator
of the American daily newspaper.
His idea of newspaper was to give
the news. He defined journalism to
be "the art of knowing where hell
would break loose next and have a
reporter on hand to write it up"
The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1897-01-08

You feed beggar out of the funds
of a charitable organization and he
soon begins to make his insolent
demands for "his share" of the
charity. These beggars remind us
of the manufacturers of one kind
and another who are now coming
before the Committee on Ways and
Means, making their insolent de-
mands for "their share of protec
ton" Down with protection! 1t is
uncivilized; it is unjust; it is UNI
American; it is unconstitutional.
The Monitor-register., 1897-03-26
UNITED STATES NATIONAL BANKS
OF BANKS OWN NOTES ON HAND.

These diagrams show that in Scotland
there is about 20 per cent more Of cur
rency in circulation in November than
in February. In Canada there is 90 per
cent more currency in circulation in Oc-
tober than in May. In the United States
there was only 6 per cent change in 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 and Scotland:
"For instance, on comparing the cir
eulation 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
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.
sIn 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 a class, are not accus-
toned to make use of bank deposits, and
consequently when payments are made
to them for their crops largely at a 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 any Of our agricul-
The Monitor-register., 1897-03-26
Honor to Whom Honor

Miss Sta~alnacker, the young woman to
whom the Wa Department refused an
app ointment as translator, (after she had
outstripped all her competitors in a civil
service examination for that position) has
been appointed to q tran~slatorship in the
State Department. The War Depart
ment officials declined to appoint a
woman because they said, "There was
other work beside t%ranslating which a
woman could not SATISFACTORILY per-
FORM" But the Civil Service Committee,
to it's honor be it spoken, declared that
mot to appoint would be a violation of
law" and proposed pushing the Wa
Department to an open issue, hence this
appointment to a more honorable place
than the War Department can furnish.
The results of this decision will be far
reaching and most helpful to women.
The Monitor-register., 1897-03-26
CURRENCY
ELASTICITY.
INFERlORlTY OF OUR OWN AS CON-
PARED WITH SCOTCH AND CANA
DIAN CURRENCY SYSTEMS.

Need For More Money to Move Crops Is
At OF Supplied In Other Countries.
but Not In This-Red Tape, Cost and
Delay In Obtaining Currency Make Our
System Inelastic 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. M 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 a dangerous alb
sorptiOn Of money. The lack of a sufi-
cient supply to meet the increased de-
AIslLoo ouI1AS tIuSS IlOuluS hay 6nUall
heavy losses upon the agricultural as
well as upon other business interest"
How hard and inelastic 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 20
different banking systems in 16 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 a base
line and to reduce the amounts on other
dates to percentages of this. In this way
a ommon 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 currencles in Scvu1ana. Ca.aua anil
the United States.
BANKS OF sCoTLAND-TEN BANKS,
The Monitor-register., 1897-03-26
Mr.. Bryan on Equality.

MI In 5 by HPess sab: at Il He Any Y psls6 81 b Eth Is
a government should single out a few
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 30 cents worth of bullion to the
treasury and have it stamped as 81, is
not Mr.. Bryan advocating the very in
equality under the law which he re-
Dukes? 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 bull
lion in this country are very few indeed.
Again Nh. Bryan says, "No just gov
eminent ought to enable OF permit one
citizen to injure another citizen"
True. But would not the government
do this if it enabled one class of citizens,
the debtors, to discharge their obliga-
lions to another class, the creditors, in
dollars worth only half as much as were
the dollars loaned? If the government
were to make wampum or conch shells
legal tender for the payment of debt,
would it not enable one class of citizens
to injure another class? And would il
not do the same in depreciating the cur
rency Of the country to a so cent basis?
The people SO decided last November.
The Monitor-register., 1897-03-26

with those who became interested and
possessed some ability in this direction it
would be found to be one of the most
Interesting, as we'll as valuable, studies
in the whole school, both to the teacher
and the pupil. The writer, however,
knows of no public school that has such
q course of training.
To the writer there seems to be no
good reason why there should not be
Instituted 10 our common schools, at the
very beginning of school life, a course
EN- attracting the four understanding,
writing, spelling aud arithmetic in their
plainest form, without any widening or
dividing up of these studies, as is now
the case-this to constitute a degree for
which a diploma is to be awarded when
the scholar has fulfilled the requirements
of this grade. This would constitute an
education in full, SO far as it went, and
would meet the requirement of those
who could not attend regularly for a
term of years, beside not interfering to
any great extent with the full course as
now laid down, requiring a number of
years to accomplish. Such a course
could be attained in a period of from
three TO five years, and almost any child
10 this country could avail themselves of
this amount of time for study. Such a
course would meet the requirements OF
most persons and is far in advance of
that instruction received at our public
schools at present, in which the pupil
gets just SO far and no farther, embrac-
lug studies and the widening and devel-
oping of studies that are all right if the
whole course is completed, but if only a
portion is attained the pupil is left with
the work he started out to complete in an
unfinished condition. The foundation
may have been laid and the structure
erected, but the building yet lacks a roof
aud is of no use for the purpose origi.
nally intended. Fl.
The Monitor-register., 1897-03-26

During two years of actual hostilities
in Cuba, according to the State Depart
ment records, ninety-two American
citizens have been lodged in Jail in Cuba,
charged with various forms of infraction
of the neutrality laws or of the military
regulations promulgated by the local
Spanish authority. OF the persons thus
implicated, seventy.six have been released
two have died-Delgado under a .hospita
surgeons knife; Ruiz under circum'
stances still to be investigated-ano
fourteen still remain incarcerated il
Cuban prisons, with no hope of immediate
release. Some of these cases, it would
seem, might be fairly marked urgent"
10 the State Department-Dotably those
Of the five Competitor prisoners, who
ha,e been made the victims of scarce
concealed official brutality during eight
months past,
The Monitor-register., 1897-03-26
Tour to CALIFORNIA; via Pennsylvania
Railroad.

In Southern California is found the
realization of a dream of the ancients.
Here are the "Golden Apples of the
Hesperides," ripeuing benath a sky more
beautiful than that of Rome, and in a
climate more perfect than that of Athens.
Never in the widest flights OF his imagi-
nation did either Homer or Hesiod ever
conceive of a garden richer in verdant
b'auty, more productive of luscious fruit,
or set amid more picturesque and lovely
surroundings.
The last of the Pennsylvania Railroad
to IT'S to the Golden Ga g will leave New
Y1rk and Philadelphia March &c. STOP
ping at Chicago, Omaha, Denver,
Colorado Springs and the "Garden of the
Gods" and Salt Lake City. Tourists will
travel by special train of Pullman palace
cars going. and return on regular trains
via any route within nine months.
Round "trip tickets, including t~ransporta-
ton. Pullman accommodations Gone
double berth), meals, and other tout
features going, and railroad Transports
tion on regular trains returning; and one.
way tickets. including transportation
and all tour features going, will be solo
| at the following rates =
The Monitor-register., 1897-03-26
John Wanamaker

tural communities in this country the
average farmer has in his possession
during the six weeks following the sale
of his crop armuch 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 CEN in,the bank cir
culation."
Undoubtedly the needs flor currency
in the United States change about as
much as in Canada, but the cost of buy
ing bonds. at a 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
eminent Il the tax on circulation
make a 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 Scotlandand 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 las 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 of interest and can 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 III Canada there is no silver |
question to disturb business and occupv |
the time of politicians and Legislators |
1t is not likely that we will have finan- |
clal peace until we greatly improve our |
banking and currency systems.
The Monitor-register., 1897-03-26

For reasons probably satisfactory to
himself, Gov. Griggs has departed from
his declared purpose not to appoint any
lsymen to the Court of Errors and APP
peals, and has commissioned judges
Kreuger and Bogert for another term on
the bench of this Court of last resort.
These gentlemen are represented as capa-
BILE business men, and icing the only two
lay members of the Court, perhaps the
Governor thought it wise to continue
them in order to preserve the o partisan
character of that body, though he could
no doubt have found two capable Demo-
cratic lawyers who would have accepted
the appointments. Judge Kreuger was a
sound money Democrat, and it may be
that the Governor wanted to recognize
the aid given the Republicans by this
large and influential body of Democrats
last fall. Some such reasons most likely
Influenced the action, for it was but a
little while ago that Judge Kreuger
wanted to resign and retire from the
bench.
The Monitor-register., 1897-03-26
The Only Good Paper Currencv

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 a large note circulation, one more
responsive to the ~fuctuating 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 reserve 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.
The Monitor-register., 1897-03-26

The free trade element in the Demo.
cratic party is losing no opportunity to
assail the DiDgley tariff bill, and the
Baltimore Meos goes SO far as to say
shat it has done more in three days to
reconstruct and strengthen the Demo.
cratic party than all the thermometers and
conciliators could have done in a year,
Perhaps, but if so, it is because they
form a very small contingent of the
American people, who declared by their
votes last fall that they wanted just suoh
a protective tariff measure as Congress
lie now seeking to replace the Wilson law
with. Such a course is worse than folly
In the face of the experiences of the past
four years, during which the revenues of
the government have fallen short of the
expenditures something over 5000, 600, 900.
a condition that is appalling in its
magnitude, and yet it but family
expresses the awful shrinkage that has
taken place in property values through
out the country, entailing loss, hardship
and misery, that requires no little courage
to stand sponsor for. and which is
certainly worthy a better cause. 1t
looks very much as if such advocates
would sooner the country should con-
tinue to suffer than that their financial
theories should be shown to be false. We
hope, however, they may be disappointed
and the people be relieved from the effect
of their stolid legislation, from which
they have so long suffered. The Dingley
bill may not be perfect, but it will be a
great improvement over the present
Ubiquitous Wilson bill. The House will
no doubt promptly pass it, and w hope
the Senate will have patriotism enough
to follow suit. If they don't they will be
receant to the best interests Of the
country, and should be held responsible
for the failure to perform a plain duty.
The Monitor-register., 1897-03-26
The Wolf Dog OF Ireland.

Dublin has sustained a serious loss in
the death of a splendid specimen of the
Irish wolf dog. Congal was of the purest
breed Of this almost extinct brand of
dog, and, though the slaughter of the
last Irish wolf 100 years ago might have
been expected to deprive him of his con-
dition and ferocity as Of his raison
d'etre, lac was az fine a beast as any Of
his more fortunately situated ancestors
could have been, 1t il related that the
late Professor Haughton, a constant Wis
itor 10 the MOO, used to say that IL he
were walking ia the gardens and a keep
~ told him that the royal Bengal tiger
bad broken loose he would answer de-
yoBfly, "Tbank God. IL Is not the Irish
wolf dog "-Wcstminster Gazette.
The Monitor-register., 1897-03-26
A Delightful ana Interesting Trip 10
Washington.

To visit Washington at any tim e-to
behold its fine avenues and it's grand
~buildings-is a delight; but to visit ii in
the early springtime, when the soft
Southern sui is recalling the daffodiis and
crocuses from their winter beds. and
filling the air with a lifs-giying warmth,
10 an exquisite pleasure. Such a visit Is
afforded by the three.dsy our OF the
Pennsylvania Railroad which leaves New
York and Philadelphia April LIST. under
personal escort. The tour of the city
covers all the principal points of interest,
including the new Congressional Librsry.
which, with Its grand marble s~tairwsys,
its magnificent pillars, Its exquisite
statues and beautiful f~rescoes, has been
pronounced the hsndsomest building at
the Capital. Congress will no doubt be
In extra session.
Round. trip rate, including accommo-
dations at the best hotels and every
necessary expense, $14 so from New
York and $11.50 from Philadelphia.
ProportioLate rates from other points.
Apply to ticket agents, Tourist Agent,
1896 Broadway, New York, or address
Geo. W. Boyd, Assistant General
Passenger Agent. Broad Street Station,
Philadelphia.
The Monitor-register., 1897-03-26
Good Is.am,ls.

The action Of tho silver Republicans
in deciding to make tho money issue
paramount sets a good example to the
gold Democrats. the Baltimore News
dem, says; '"They must keep them
selves in readiness to support, not mere
ly 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
finances of the country upon u sound
basis. They would stultify their course
in the contest of last year if they allow
ed party considerations to have so much
as a feather weight in comparison with
their duty upon this issue of transcend
ent moment"
The Monitor-register., 1897-03-26
How to Find Out.

Fill a bottle or commo glass with URN,
and let it stand twenty-four hours. A sedi
ment Or setting indicates a diseased condition
of the kidneys. When urine STAINS linen it i!
positive evidence of kidney trouble. Toe
frequent desire to urinate or pain in the back,
is also convincing proof that the kidneys and
bladder are out of order.
What To Do.
There is comfort in the knowledge so often
expressed, that DIR. KIlmer's Swamp-Root
the great kidney remedy ful6lls every wish in
relieving pain in the back, kidneys, liver,
bladder and every part OF the urinary passages.
1t corrects inability to hold urine and scalding
pain in passing it, or bad effect following use
of liquor, wine or beer. and overcomes that
unpleasant necessity of being compelled to get
up many times during the night ito %urinate.
The mild and the extraordinary effect of
Swamp Root is soon realized. 1t stands the
highest for Its wonderful cures of the most
distressing cases. lfyou need a medicine you
should have the best. Sold by druggists, price
fifty cents and one dollar. For a sample
bottle and pamphlet both sent free by mail,
mention ACKNOWLEDGEMENTS and send
your full p~ost-ofice address TO DIR. Kilmer &
Co., Binghamton. N. Y. The proprietors OF
this paper guarantee the genuineness of this
o fer.