smithclay/nortonstories huggingface dataset:
Year: 1876

The article in the NATIONAL RErUE-
LIcAN of the 4th instant, showing that by
law national banks are eventually COM
peIled to redeem the whole amount Of the
circulating notes issued by them, and that
they therefore receive no profit from notes
lost or destroyed, was not especially in
tended as a criticism on the eviewsexpressed
in the Sunday Herald of the I'd instant on
this subject. The criticism Of those views
was incidental only. The article was more
particularly intended TO correct false i'm
pressions which have been made upon the
minds of many persons throughout the
country by misstatements similar to the one
in the Herald alluded TO. The notice
taken of the so-called criticism by that
paper in its last issue will serve good pur-
pose in again attracting, to moderate de.
gree, perhaps, the attention of the public
10 the subject. By re-readlng the article in
THE REPUBLICAN they will see that the
law on the point in dispute was there fairly
and clearly stated.


There was no question made az to the
fact that national banks derive legitimate
profit from the circulation received and
issued in loans by them. This profit has
been shown in the last report of the Comp
troller of the Currency 10 be much Smaller
than is generally supposed. But the Her.
aid in It's first article spoke of a profit, over
and above the one On loans, derived from
notes lost or destroyed. Its words were ::
" But this perpetual loan of the amount of
"their circulation is not all the banks get
"There is (besides) a constant amount of
paper money whl.h is lost and destroyed
''bY wear and tear, by accident of fire and
"fiG cd, &C., which is never returned for
" redemption, constituting another ele-
"ment of profit to the banker. The word
in parenthesIs is inserted for additional
clearDtss.


The only time when it Can be determined
whether or no there is any profit from this
additional source is after the banks have
wound up their affairs, and after the cir
culation issued by them has been redeemed.
In the article in the NATIONAL REPuBLI-
CAN it was shown that the only ways IN
which the affairs OF National banks can be
wound up is by a receiver in case of fail
ure. and by going into voluntary liquida-
ton. The latter, banks either may do at
any time by vote Of their stockholders,
or are compelled to do at the expiration ol
their charter. In this connection it may
be stated that by law National bank has
corporate existence for twenty years only,
from the date of IFS organization. By
whichever of the two methods named the
affairs ofa National bank are wound up, such
bank is legally required to provide for the
redemption of the whole of its issue of cir,
culation which may be outstanding at the
Year: 1876

The following extract from the Wash
ington correspondence of the New York
Herald gives some information regarding
movement to protect the Government
against the rapacity of Jay Gould, which
deserves general attention. Congress
should not hesitate to adopt rigorous meas
ures to bring this man and the swindling
company of which he is the representative
to terms. The people begin to understand
that the Union Pacific is no longer entitled
to be considered national enterprise, but
simply and plainly as leech upon the tax
payers The Herald writer says:


sThe defeat Of the Government in its issue
with the Union Pacific railroad, when tried
both in the Court of Claims and the Supreme
Year: 1876




Taking 1888 as basis of comparison, the
returns for 1874 show a decline in twenty
one years of nearly twenty-five per cent.
in the gold production, while the supply Of
silver has increased at rate of nearly 100
per cent, and with the prospects of a still
further increase, as new developments are
made upon the famous Comstock. This
increase of production, combined with
other causes, has tended to greatly reduce
the price of silver and lessen the profits Of
the mine owner Another important effect
and one which seems TO have escaped no.
tice in the country, is that the fall in silver
has reduced the gold value of the legal
tender silver coins Of European countries
about 81 per cent. less than their tale
or nominal value in the moneys of ac-
count they respectively represent. But
while it may be said that the supply Of
silver has increased at a rapid rate within
the past fifty years, yet the ratio of decrease
in the gold production is not so great as to
occasion alarm among the hard.money
people, or to strengthen the work Of the
ipfiationists. On the other hand there is
good reason to believe that second Cali
fornia will ere long be discovered, and
that the prospects ofa gold famine are so far
in the future as to be of but little considera-
ton in the present.
Year: 1876

more for the nation than has fallen to the lot
of any one since the Government was founded.
And as they have not been so fortunate as to
satisfy their desires and ambitions at his hands
heretofore, they fear and are impatient Of the
same In the four years 10 come.


Gen. Grant has said no word to indicate a
desire for the continuance of the cares of Office,
and the course toward him has been malicious,
unmanly and ungrateful. Such conduct is
doing more to make third term possible
than all the efforts the President or partisans
could possibly do. The people are honest,
they are not ungrateful, and they are just. If
Grant is called to third term, his detractors
will owe the fact to themselves. Let them
take care that while they repeat the events of
1872 that history aud the people do not repeat
their parts as well.


For fourteen years the great interests and
the destinies Of the nation have rested upon
the shoulders of General Grant, as they have
done at no time anu no such degree upon any
other since the adoption of the Constitution.
In field or in Cabinet he has never failed of
public demands, and has to-day record un-
sullied ana a career the most modest and sue
cessful in all history. Let his enemies not
think these things are forgotten.
Year: 1876

Iris SAID that there are Southern States
which have no representation in the offices
nor even if The higher grade clerkships OF
the Treas'r Department. They have
creditable R publican material from which
TO select fo. such vacancies as may occur
in these post ons, and as under the law
proyiding tor the distribution of appoint
mcnts according to population some o!
them properly belong to the South, the
selection of any suitable Southern Repub-
lican to fill any of the positions named will
be very gratifying to Republicans gene,
roi1p
Year: 1876

Ben. HILL, Of Ca, has the floor on the
amnesty bill IN the eN-Contederate House
of Representatives to day. 1t is understood
that he will make an exceedingly Conserva-
tive speech; at any rate his Democratic
friends have advised him TO be as mild as
he possibly can under the circumstances.
lie will undoubtedly refrain from any allu-
sion TO the set that in times past he was
accustomed 20 take a "Digger' as retainer
in any lega! case in which he happened to
no anDlOyttl
Year: 1876

'fOUR PEOPLE don't want school teachers
and preachers down here" say the White
Liners of the South. They do not want
the negroes educated at all. They do not
want the poor whites educated because
they desire them to do their own bidding
blindly. Tnis they fear they may not be
able to do if the blacks and poor whites
become intelligent enough by education to
think and read and reflect for themselves.
''0ur people, it should be explained, only
means white persons of birth, property and
education. 1t has 40 reference to poor
whites and negroes.
Year: 1876

The man who folded his great Ulster last
week and laid it by with frowns and perspira-
tion on his brow will take it down this morn
iHg, hug it, jump into it and strut off up town
with smile of genuine contentment in his eye.
Year: 1876

Governor Chamberisin's organ predicts that
South Carolina will give large majority for
the Democracy in the coming Presidential cleo
ton, and it might have added without injuring
the truth, that the Governor is exerting every
influence within: his power to accomplish that
result.
Year: 1876

have been his ambition to close his life in
a palace. And now that ii has finally
closed, the world will be glad to
find from his last will and testament
th., something more worthy Of such a
career occupied at least portion OF his
attention during his declining years.
Year: 1876

The trade dollars are being practically
driven ont OF circulation on account oi
the discount on them. Retail dealers re.
fuse to accept them for over 90 cents
Halves are also refused in Sums exceed
ing legal tender, and have been at nearly
as great a discount until within day or
two, when the practical demonetizing OF
the trade dollars hns caused the halves TO
appreciate slightly.
Year: 1876

plished there viii be doubling Thomases who Will con-
tnue to look at the present speculation on the Stock
Exchange as perpetual menace the legitimate in
tercsts of the country because they will refuse TO see in
IT anything but the wild capers OF few ambitious and
selfconhdent enthusiasts


In view Of the fact that this has been made legal
holiday and in tho absence OF the usual material az
forded for comment by the respective exchanges,
reproduce for the refreshment OF memory following
tables Of prces:-


OPENING, HIGHEST LOWEST PRICES


The following table shows the opening, highest and
Year: 1876

THE CAUSE AND EFFECT.


None OF the prices quoted above as high as they
have been; yet, with the exception OF Western Union
which has sold at sOIS aud been adversely affected by
special causes the decline that has taken place from
the highest figures more than might he fully sc
counted for by natural realizing OF profits before a
holiday. Thus far the speculation has been all on the
side OF "buying" for the very good tha, at
time has there been sufficient market permit the
principal holders successfully unload and when thcy
have partially done so 1t has every time been necessary
that they should Immediately buy back In to pre-
vent serious break in prices. Therefore The market
is "cliQued" to a dangerous extent


cfIoUKs


In Lake Shore cliques in ST. Paul. cliques in North.
western, cques In Ohios and ciques In almost every
stock. There clique in Western Union, but
special causes suddenly dissolved II with disaster.
whether the remaining cIiques are dissolved by
equally special developing, or by success
full marketing OF their stocks, are problems for the
future But how stands the record for the expired
oneseventh OF the Centennial" yearg Whatever the
future may for thai portion Of the
year already gone


TIE vERDrcTs or BUSINESS MKH


OF all classes unanimous than ever before and
the complaints OF dull and unsatisfactory markets are
more serious SO that In real business prosperity the
"Centennal" as yet has failed all the promises OF its
scli-eccted sponsors There at the beginning OF
the year few old fogy conservatives who agreed with
the HERALD doubling II the great show Philadel-
pha could successfully counerbalance the evils OF
unsettled financial policy the part OF the govern
ment accompanied by the tremendous losses that the
country had been compelled to sustain during the past
two years and doeiuy shook their heads young
enthusiasts OF the stock Exchange and their mouth
pieces in the public journals Old merchants failed
discover or understand how people who
ing from buying thoir goods because they could not
pay for them we're suddenly to become able TO take
a month or TWO OF holiday and pay the necessary piper
in the shape railroad and hotel BILLS Yet IL Is poss
bic this miracle may be seen, because with the pro-
Founders OF the new financial ethics embracing the
principle that the way OF debt Is to first double it,
all things should be possible But until It s accom-
Year: 1876

allow every vehicle carry passengers that chooses
10 do SO on any street track and many opposition
lines OF cars ask for n charter This and only
this will ever do. II you pass law fare,
and Let the companies run as many they
choose by clubbing together for week they could
freeze the people that they would beg the old
system. All they would have TO do is TO run few
cars as possible for one week and the people would
howl for the old system the same as they howl for
one now. Opposition is the only thing TO give US
seats. and plenty OF IL at that. j. T.


BRooKLYN, Feb. q, 1876
Year: 1876

Messrs. Heindl & LaPrade were busily
engaged yesterday in pursuing their work
as engineers on the river-front Improvement.
From the steady and Industrious progress
already made and now being made by these
gentlemen it is to be hoped that the very
important report to be made by the commit
tee on the improvements to the river front
will soon be perfected.
Year: 1876

SELLING LIQUOR TO MINoRs.-The Su-
preme Court of Appeals reversed the deci-
Sion Of the Hastings Court of this city in
the case of Morgenstern and others against
the Commonwealth for selling liquors to
minors on the ground that the indictment
stated that the liquor was sold to certain
minors "to the grand jurors unknown"
when the minors must have been known to
the jury, else true bill could not have
been found. Mr.. Morgenstern, it will be
remembered, Vas found guilty in the Hust.
ings Court, to which tribunal the case will
now probably be remanded for new trial.
Year: 1876

GOVERNORS MEssAGE.-Goyernor kem-
per is preparing his annual message to the
General Assembly. It is understood that
he will refer in plain terms to the invasion
of the State at the late election by Federal
troops for partisan purposes, and that he
will also appropriately mention the compli-
cations OF the political situation. 81
Year: 1876

"WHAT's IN A NAME?R-In the local
notice of the brilliant musicale OF the Mo-
zart Association on Thursday night the
name OF the newly-elected queen OF song
was misprinted. Swain, by some typo
graphical freak, was changed into Swan.
We are disposed to forgiyethe author Of the
error upon the presumptionth that he supposed
it was impossible for lady, to be q sacain,
and concluded that the name Swan was
clearly proper for so charming vocalist as
the subject of our applause certainly was.
Let it be widely understood that SWAIN is
the name of the interesting young lady who
has so suddenly burst upon the Richmond
public with her enchanting voice. t'
Year: 1876

DOES 4 Bird Dis NATURAL DEATH.
1t is the opinion of some naturalists
that birds never die what is called a
natural death, but come to their
death By some murierou> or accidia
tai means; yet / have ionnd sparrows
and vireo> in the fields and woods
dead or dying, that bore no marks of
violence and | remember that once
in my childhood a redbird fell down
in tie yard exhausted and was
brought ID by the girl lis bright
scarlet image Is indelibiy stamped ap
on my recollection. It is not known
that birds have any distempers like
the domestic fowls, but | saw A social
sparrow oJe day quite disabled by
some curious malady, that suggested
a disease that sometimes attacks
poultry one eye was nearly put oul
by scroiuIogs looking sore, and on
the last Joint of one wing there was a
large numerous or fungous growth


that crippled the bird completely On
another occasion | picked up one that
appeared well but could not keep It's
center Of gravity when in flight, and
50 fell 10 the ground.
Year: 1876

TIE London Builllr records an
act of endurance ana presence Of mind
which may be compared with aiyau
;age to the most brilliant deeds of
daring on tile field Of battle. The
workmen were fixing q lightning con
ductor on the summit Of the steepie
at Vile suI-Ourthe, in Belgium. To
accomplish tbs somewhat difficult and
delicate task, it was necessary that
one OF the w0rkmeu should stand ou
the shoulder Of his companion. While
IN this position violent gust of wind
made him spill some molten lead.
which fell On the hand and forearm of
his friend. Notwithstanding the sud
den intensity Of the pain ;hus inflicted
the victim of this acciden, had the
selfcontrcl foreman moilionless while
the lead burnt is way into the flesh.
lie knew the slightest movement
might suffice to pTgcipi,ale his com,
panion from a height Of seventy feet
into the street below, and he bravely
endured the pain rather than imperil
the life Of his fellow worker. NJ. \
haris, slater 81 AnthiSne, Is The hero
of this brave deed, and his name !
worthy of public record.
Year: 1876

TRADES UNIoNs.-The hard times
in the overcrowded cities Of the East
have had the effect TO break up most
of the trades unions. These organi
cations find it impossible to maintain
any particular standard Of wages when
thousands of skilled mechanics are
clamOrouS for work at almost any
price. In conformity to existing cir
cumstances, several of the unions
have voluntarily voted a reduction of
wages, and abandoned all intention to
oppose the employment of men who
have not been Of their number. The
unions saw the objection to striking
\ movement of this kind would only
be TO throw men ont Of work who
cannot afford to be Idle, and TO weld
their places to others who are ready
and eager to fill them. The reductions
have been from twenty five 10 thirty.
five per cent, and have affected nearly
every kind OF mechanical labor.
Year: 1876

REyACCINATIOY AGAINST SNALL-POY.
Some striking evidence Of the i'm
pogtanee of revaceinaliou as atlording
security against small poy Is given III
letter from the medical officer Of
Stafford, which was read at the
meeting Of the board Of guardians OF
that union. Referring to the admiS-
sion Of smallpox cases into the hos
pital, there being at the present time
seyenty-eix inmates Of the institution
affected by that disease, the report
states that there have been very few
cases indeed where persons affected
have been Teyacclnated. There Is no
denying the fact that . considerable
number Of cases Of small poX in which
the operation Of primary vaccination
was more or less perfectly performed
have been admitted into the infectious
wards OF the workhoGse. Ga the
other hand-ani this IS the point 10
which attention Is especial drawn
among the total number Of eases of
smallpox admitted iu,o the works
house, now reaching 100, the medical
Office IS ne. aware Of a single case
which has been fairly revaccIaated-
that IS, when the operation Of revac-
ciration had been repeated in or after
adolescence. One man, however, had
been admitted who had BEEN reyac-
cinated, but the operation had been
performed only day or two before
he came under observation, and when
he was actually under the cn'tc! Of
the poison Of small pox. In the dis
cussion which followed it was men
toned that the medical officer had re-
vacciualel upward Of 1899 persons,
and had not heard Of one Of them
taking smallpox after.
Year: 1876

am asked every day what will
cure neuralgia, and desire to an
swer through the newspaper to the
public that Bancroft's Discovery is
the only sure remedy know of. This
truly wonderful remedy is without
doubt specific for Neuralgia and
Rheumatism. Sold by Cooper aud
Greenlee, at Savannah, Mo.
Year: 1876

Just remember that il Is easier for
Democrat to get drunk than for delin-
quent subscriber to enter into the King
dom Of Heaven.


William and James Castor have gone
to Clay county, after some thorough
bred Durham cattle. Gentry county Is
looming up In the way OF blooded
stock.


Nodawsy County Items.
Year: 1876

Our better half returns her thanks
to Mrs. Webster and Mrs. Miller for
favors during her late illness.


And to her near FREUD Miss Ashley
for her neighborly kindness and as
sistaupe
Year: 1876

Whether or not 'sit takes o rogue 10
catch q rogue" We will admit it takes
a scallawag pen to do Justice to q seal
lawag office e-holder. Here is how the
radical Republican of Winston speaks
of Judge John III. Cloud


"He is q curse to his friends, bur-
den to the republican party, nm incu-
bus upon the people and reproach to
the bench.


'.If he has friends let them advise
him to resign. III he has any respect
for himself, the party that appointed
him, the people, the bench, or the
State, let him do this, and save the
time, expense and disgrace of impeach-
ment, which we believe will certainly
Overtake him, and that speedily. He
does not command the unqualified re-
spect of q man. no m after how low, in
the district. And since We foHnd it
necessary to chnstise him for his per.
sonal, lying and villainous abuse of us,
we have not yet met the man who was
not sorry-sorry not that We attacked
him, but that Sheriff Hill and his dep
uty was not somewhere else, SO that
he could have had she full benefit of
our cane and our inclination"


And yet this is the man the radical
party forced upon the people as
Judge, even after the voice of the peo-
pie had pronounced against him and
elected another in his place. They
knew him then as we'll as they know
him now. He is not q whit better nor
worse than the day they made him q
Judge and disgraced the Judiciary
Greensboro Patriot.
Year: 1876

Maj Joseph A. Engelhard, the dem
ocratic candidate for the office of Sec
retary of State, is at the Front Street
House with his family. Major Engel-
hard will spend few weeks here and
take puff of our sea breeze, that he
may be prepared and braced mp to
enter into the campaign during the
summer and fall with vigor and earn
estness.


He addressed the Vance Club of
Beaufort. inst organized last night, and
in an eloquent and forcible manner
urged the Importance and necessity of
unremitting work and watchfulness in
the approaching campaign.-Beautort
Eagle.
Year: 1876

One of the leading political ques-
tons which will soon come before the
people of Georgia will be revision
of the present State constitution,
which was adopted during the repub-
lcsn sscendency in the State, and
contains good many provisions OBJ
nOxious to the Democrats. It is also
very probable that the State capital
will he removed from Atlanta to Mil
ledgeville, where it formerly was.
Year: 1876

which is not likely to tend to Mr. Tidcns advantage
Col Hawkins said lie found the desire for william NJ
Evartss nomination for Governor strong ana unan-
nous Republicans who neither onlce-holders nor
oce-seekcrs and several Of the Office holders have eX
pressed decided preference for him hs great ability,
national reputation and unimpcachabc character make
his nomination almost necessity to the Republican
party Of the state If nominated he will win the votes
OF many Democrats. and full Republican vote would
make his election Republicans are equally certain
TIA If any machine politician who has been in training
for the Office is nominated the State will surely
Democratic. There had been various expressions Of
opinion as whether Mr. Evarts would accept the nom
nation. Col. Hawkns's own opinion that. prompted
by a high of public duty, Mr. Evarts would he
willing for time, TO leave his lucrative professional
practice advance the best interests of the people Of
his state
Year: 1876

WASHINGTON, Aug. 16.-Secretary
Cameron has written letter to Gen.
eral Sherman, in which, after recit-
ing Lords preamble and resolutions
passed by the House on the 10th in
stant which asserts the constitutional
right of every citizen to free, un-
trammeled suffrage, and that the at
tempts by force, fraud or terrorism
to restrain such right should meet
with certain and condign punishment,
the Secretary says the President di-
rects that in accordance with the
spirit of the above, you are to hold
all available forces under your com-
mand not now engaged in subduing
the savages of the western frontier
in readiness to be used on call or re-
quisitlon of the proper legal authori-
ty for protecting all citizens without
distinction of race, color, or political
opinion in the exercise Of the right to
vote as guaranteed by the Fifteenth
Amendment, assist in the enforcement
Of certain condign and effectual pun
ishment upon all persons who shall
attempt by force, fraud, terror, in
timidation or otherwise to prevent a
free exercise of the right Of suffrage
as provided by law of the United
States, and have such force SO dis.
tributcd as to render prompt assist
ance in the enforcement OF law and
such additional orders as may be
necessary to carry out the purpose of
these instructions as will be given
you from time to time, after consul
tation with the law and officers of
the Government.


Very Respectfully, etc.