Newspaper Page Text
6
THE BANKING SYSTEM.
DEMOCRATS AND REPUBLICANS
GETTING TOGETHER.
They Differ as to Plans, But Agree
in Scheemin to Furnish the
Currency.
Philadelphia, Pa., Jan. 12. —The
seventeenth session of the American
Academy of Political and Social
Science was held here this evening
in the large hall of the Drexel Insti
tute. The topic of the evening was
“National vs. State banks of issue.”
Papers had been submitted to the
academy on this subject by Hon.
Horace White, editor of the New
York Evening Post; by Hon. W. L.
Trenholm, of New 1 ork, ex-Comp
troller of the Currency; by Hon.
M. D. Harter, of Mansfield, Ohio,
and by Hon. A. S. Hepburn, present
Comptroller of the Currency.
The discussion had a significance
far beyond a mere debate, as the
first three gentlemen are known to
be intimate advisers of President
elect Cleveland in financial matters,
while Mr. Hepburn represents Mr.
Harrison’s administration.
Mr. White presented the leading
paper of the evening, which was
discussed either impromptu or in
briefly written papers by Messrs.
Trenholm, Harter, Hepburn, and
others. The views advanced are of
peculiar interest at this juncture, as
they undoubtedly represent the lead
ing tendencies which will make
themselves felt in the approaching
struggle in Congress and in the
country at large on this issue.
My. White gave a sketch of the
goqd and bad systems of banking
th existed before the war. In the
fc. wr "category were the State Bank
of Bena, the Louisiana bank law
.‘.of ?F42/aiid the Suffolk bank sys-
V tcm/oi Massachusetts. The govern
ing 1 moiples of all these was that
fib? iVok’s assets should redeem the
circuiting notes. This was, in the
speaMr’s opinion, the true theory of
banking, because any system which
takes' dilligent care of the assets
will Always take care of the circula-
notes. That it is entirely pos-
have such a bank system and
to have it enforced continuously was
proved by these three splendid ex
amples.
Continuing, Mr. White said :
The bad systems that existed before
the war were the free banks, more
especially of the Northwestern States,
which were copied after the New York
system of issuing notes on securities
lodged with a public officer. The losses
to the public from this kind of banking
were enormous. They were large even
in the State of New York, where the
securities were more closely scruti
nized, and where better systems of
b inking prevailed. The free bank sys
te u was a step backward in the evolu
tion of banking, because it absorbed the
bank’s capital before its doors were
opened for business, The buying of
bonds by a bank is really buying its own
notes. Instead of this its capital ought
to be applied at once to the discount of
commercial paper. After the bank has
bought its notes from the government at
the rate of sl.lO, no more of them will
be taken out by the public or will be
kept a moment longer than those issued
on the plan of the old State bank of
Indiana, or by the banks of New Orleans
before the war, which cost nothing.
While this is true, the security of the
noteholder is the paramount considera
tion, and no toleration should be given
to any system which fails in that par
ticular or puts the noteholder in jeo
pardy.
Mr. White thought that the sys
tem of banking on bond security
was destined to perish soon because
all the securities, fit to be used for
this purpose, were fast disappearing.
He said:
The national bank system could be
preserved and improved, however, by a
very v slight change in the present law,
viz :'"Out of the present tax on bank
notes constitute a safety fund to be
lodged in the Treasury, the amount of it
to be comuuted by actuaries, taking the
national bank mortality cf the past
twenty-five years as a basis. Let the
government continue as now to be re
sponsible for the notes and let it con
tinue to hold as now a first lien on the
assets and on the personal liability of
the shareholders for its own protection ;
all the other parts of the national bank
law to stand as now. Whenever the
safety fund reaches the ascertained
amount let the participating banks with
draw their bonds and sell them if they
choose. There have been only sl6 000,-
000 of failed bank notes under the
national system since it was started
twenty-six and a half years ago. A
safety fund of $5,000,000, replenished
out of the tax from time to time, whould
have been abundant to redeem all failed
bank notes. The same statistics show
that the assets of these failed banks
realized nearly $44,000,000, or nearly
three times the amount of the notes.
Upon these assets the government, under
tiie safety-fund plan, would have held a
first lien.
The safety-fund plan of banking was
tried in New York in 1829, and the sys
tem continued thirty years. By an acci
dent in framing the law in'the first
instance the safety-fund was made ap
plicable to all the debts of failed banks,
instead of the circulating banks only,
as had been intended. Hence, when
some bank failures took place 1841, the
safety fund was seized upon by bank
depositors as well as note-holders, and
the amount was not sufficient for both.
, but the statistics show that if the fund
had been limited to note-holders only
it would have sufficed to redeem on de
mand every failed bank note as long as
the system lasted. This must be con
sidered the most pregnant fact in the
history of banking in the United States.
The safety fund of New York consisted
of a tax of 4 of 1 per cent per annum
till 3 per cent was accumulated. This
was fopnd in practice to be sufficient to
redeem all the failed bank noiys under
the system, while the losses under the
free bank system, which ran parallel
with it, amounted to 39 per cent of the
notes of the banks which failed. These
losses resulted from depreciation of secu
rities and the delay in converting them
into cash.
Mr. Whits has every confidence
that this plan would solve the bank
problem and furnish a better curren
cy than the present national system,
because it would be really elastic.
It would dispense with the craving
PEOPLE’S PARTY PAPER, ATLANTA. GEORGIA, FRIDAY, JANUARY 27, 1893.
for silver currency because it would
furnish all the circulating notes need
ed, and it would dispense with the
need of State bank notes, because
every facility for sound banking that
a State could possibly grant would
be granted by the national Govern
ment.
Mr. Michael D. Harter, Represen
tative in Congress from the fifteenth
Ohio district, spoke *on “American
banking and the money supply of the
future.” The system of banking
established by the New York State
legislature, which provided for se
curing notes by stock collateral de
posited with State authority, Mr.
Harter said, was the greatest single
advance m banking science since the
world began, and in 1844 England
adopted the idea with but trifling
changes, and under it the Bank of
England has since been conducted,
and upon it hinge the finances of
Great Britain, and therefore of the
world.
The national banking system had
no features of importance not already
in use and fully understood in the
various States and it for nearly thirty
years has proven, in the main, a wise,
prudent, efficient, and valuable sys
tem, and with but few amendments,
but for the decreasing supply of
United States bonds, would continue
the permanent system of the coun
try.
The high prices for United States
bonds, their growing scarcity, and
the small return in interest they
bring, the fact that 1907 will, it is
believed, see them all paid, distinctly
points to the opening of a new epoch
or period in American banking, and
in connection with which Mr. Harter
said it was easy to forecast the money
supply of the future..
The speaker laid down these con
ditions the adoption of which were,
in his opinion, essential to a success
ful financial future for the United
States:
First. Gold must continue to be, as it
is now, the sole standard of value in the
United States, and that bimetallism must
and can only be maintained by limiting
the coinage of the other metal (silver) as
is done now. The silly waste, loss, and
general insanity which marked the Gov
ernment purchase of pig silver must
never be repeated.
Second. The Government must stop
the issue of legal-tender paper, retire in
the best manner and at as early a date as
it can properly be done, all the paper it
has out, and thereafter confine itself to
collecting texes, disbursing the proceeds,
and keep its hands off the money market.
With toe Government simply coining
freely all gold and restricting the coin
age of the baser metals, like silver, nickel
and copper, every other form of money
would be promptly redeemable or con
vertible into gold, and the volume under
any good banking system would always
be wfiat the business of the nation need
ed.
Mr. Harter here presented the bill
introduced in the House of Represen
tatives, No. 9770. In detail Mr.
Harter’s plan provides that the Unit
ed States shall' no longer guarantee
the payment of circulating notes is
sued by any bank, that the circula
tion of any bank shall not exceed 90
per cent of the par value of the
bonds deposited by that bank ; that
the State bank circulation shall be
repealed ; that bank circulation shall
be secured by approved bonds, de
posited either in the United States
Treasury or in the State treasuries ;
that a tax of one-fifth of one per
cent shall be levied on all bank circu
lation, the receipts from which tax
shall be turned into a reserve fund
to secure the circulating notes, and
that no bank notes shall be legal
tender.
A paper was submitted by the
Hon. A. S. Hepburn, Comptroller of
the Currency, on the subject of State
and national bank circulation. He
said:
The Constitution prohibits the States
from coining money or making anything
except gold and silver legal tender State
bank bills comd not become legal tender,
neither are national bank bills. In times
of prosperity, Stare bank bills would cir
culate freely, but in times of stringency
they would return to the banks for re
demption and they would have to be re
deemed in legal tender money provided
by Congress. The Constitution provides
that Congress must provide all the money
that possesses full debt-paying power.
By every consideration of sound business
principles it should provide all the money
the country requires. As in the past, so
in the future, every period of financial
depression would result in a more or less
general suspension of specie payments
by the banks. If State bank notes are
allowed to circulate their acceptance be
comes a necessity. While the wealthy
might provide themselves with means
of discriminating against the notes of
weak banks, to the average laboring
man a bank note detector would be as
inexplicable as the binomial theorem.
State bank circulation loses its money
power in a crisis ; instead of paying
debts it comes forward itself to be paid,
and so adds to the danger.
There is no mere fallacious idea than
that we can have good local currency.
While a note might pass at par in Kan
sas and at a discount in Pennsylvania,
its purchasing power would be equal in
both places. The discount in Pennsylva •
nia would he equaled by a corresponding
increase of cost price in Kansas. Th’s is
an inevitable law attendant upon depre
ciated currency.
Circulation should be secured. When
the United States bonds cease to exist,
other suitable securities will exist. The
function of the Government is not mere
ly to protect th? note holder, but as far
as possible to protect all creditors. In
recent years banks have become large
owners of securities. Since this is the
case, it would not be an onerous provis
ion to require them to own proper securi
ties as a basis for circulating notes.
Safety fund provisions are more oner
ous to banks than the enforced owner
ship of securities.
The Hon. W. L. Trenholm, ex-
Comptroller of the Currency and
now president of the American Sure
ty Company of New York city, took
part in the discussion of Mr. White’s
paper. He said:
Within recent years we have had, with
the exception of tne greenbacks, nothing
but good money. The recollection of
the hard times during the period of
greenback redemption should make us
careful to have our money of the best
that is obtainable. If we do not keep
our money of the best and keep the gold
standard, we will have to go through an
other period of that sort or worse. If
we once let go of the gold standard it
will cost us years of sacrifice, toil, and
tribulation to get back to the gold stand
ard again.
At the conclusion of the discussion
an informal reception was held.
HOLDING THEjfUP.
Cleveland and Harrison Are One on
the Silver Question.
Virginia Sun.
The Dispatch of January 10th, in
an editorial under the caption of
“ Compensatory Legislation,” we find
the following:
That whether we would or would not
like to have silver freely remonetized, it
will not be done soon. Mr. Harrison
and Mr. Cleveland are both opposed to
the passage of a free coinage bill. So
that there will be no such measure
adopted by the present or the next Con
gress, nor by any other Congress before
the year 1897 or 1898, or in other words,
not before the Greek kalends.
Mr. Harrison and Mr. Cleveland
are one on this great question. This
the People’s party charged during
the late canvass. The charge was
sought to be evaded or its force
broken by the Democrats, by insist
ing that while Mr. Cleveland was in
accord as an individual with Mr.
Harrison, the Democratic party was
not in accord with the Republican
party on this question, and that un
der a Democratic administration the
principles of party, not the indi
vidual opinion of its candidate, would
formulate and carry out all measures
for the public betterment.
Now, we have it proclaimed by
the Dispatch, that those who voted
for Mr. Cleveland knew that they
were voting for a monometallist,
and that by them the hands of the
President-elect must be upheld in
the matter of free coinage, in har
mony with Mr. Harrison and the
Republican party, and against the
declared opinion and policy of the
Democratic party. The personal
opinions of Mr. Cleveland are to
override and subordinate the de
clared principles of the Democratic
party. The Dispatch, professing to
be a Democratic organ, turns its
back on the party and its fawning
face to the individual antagonizing
that party. Mr. Harrison and Mr.
Cleveland, though as one in their
opposition to this great measure of
popular relief, appear very differ
ently when looked at from the rep
resentative standpoint.
Mr. Harrison, as the candidate of
a great political party, m full accord
with its declared principles, seeks to
honor his party, which honored him,
by honestly maintaining its platform
and carrying.out its policy. What
ever may be said of the principles
and policy of the Republican party,
Mr. Harrison as its candidate stood
squarely on its platform. Mr. Cleve
land, the candidate of the Demo
cratic party, is not in accord with its
declared principles, and seeks to
substituta his individual opinion for
that of his party. This seems to be
a new development in party politics,
and as undemocratic as it is new.
I am glad that so respectable a
paper as the Dispatch boldly an
nounces that under Mr. Cleveland’s
rule the remonetization of silver and
financial relief will come only at the
Greek kalends—that is, never.
During the canvass, the People’s
party insisted that this would be
the result of Mr. Cleveland’s election,
notwithstanding the verbosity of the
Chicago platform. It was denied
them ; I am glad it is conceded now.
A party surrendering to a candidate
will not very long survive. The in
dividual absolutism of Mr. Cleveland
may continue for awhile, but the
reign of the people will come, and
come quickly.
In the same issue of the Dispatch
there is a letter from Senator John
W. Daniel on the “Future of the Po
litical Parties.” In some respects it
is rather a remarkable letter. I am
glad it was written; its admission
seems to be clear that the last elec
tion the revolt of the people was
against the Republican party and its
odious meanness, rather than in ap
proval of the Democratic party and
its policy. The Democratic party,
without special approval was the
“natural and largest beneficiary” of
the revlot. The sentiment of oppo
sition to the Republican party was
much greater than any sentiment of
approval of the Democratic party.
This is exactly what the People’s
party thinks, and it thanks the hon
ored Senator for his concluding de
claration.
Then the Senator says “there can
be no doubt that the masses of the
people are profoundly moved by
economic conditions which are surely
reducing the prospects of the labor
ing and producing classes. They
are restless and thoughtful, aud de
termined upon effecting a great
change.”
True ’ True I Never more true.
No advocate of the People’s party
could have stated it more truly and
better.
The personalty (I will not say the
czarism) of Grover Cleveland will
not stay the “restless,” “thoughtful,”
“determined,” and irresistible of the
popular mind in effecting “a great
change.” The words of the Senator
declare the fact as it is, but they
prophesy a condition that will be—
“a great change.”
Senator Daniel refers to the Peo
ple’s party as one of “crude creeds
and lack of experienced leadership.”
It is not surprising that our creed
seems crude. The people are now
esteemed crude. But the harmony
of the people and their principles,
even in their supposed crudity, is a
thing not to be despised. The lack
of experienced leadership may be a
misfortune, but not a fault certainly
of the new party. The old parties
by irresistible ties and attractions of
loaves and fishes have bound the ex
perienced leaders to their fortunes.
The new party took as good material
as it had for leaders, and the needed
experience will surely come with
honest endeavor. If with a crude
creed and inexperienced leaders the
result was as it is, what would have
been the fate of the Democrats if
our creed had been a little more re
fined and our leaders a little more
experienced ?
Unless human motive has been
misunderstood and human action
misinterpreted, it will not require a
very wise man to foretell that when
the “great change” conies the “ex
perienced” leaders will not deem it
unpatriotic, to come along, too.
‘ Hang the banner on the outer wall,
The cry is still they come 1”
I think I know Senator Daniel
very well, and there is no man I es
teem more highly. I am entirely
willing to trust him when the change
comes. Indeed, I believe he will be
an able agent in promoting it. 1
have my opinion as to where he will
be found. This opinion impeaches
not his wisdom, his morality, his
patriotism, or his ever abiding sym
pathy with popular rights.
James G. Field.
January 11, 1893.
1 / sSpjJTn Save $
WWFafmg t
2 Doctors’ |
: Bills I
111 Sll BOTANIC I
e BLOOD BALM
5 THE GREAT REMEDY f
\ - FOR ALL BLOOD AND SKiN DISEASES - A
6 Has been thoroughly tested by em- V
\ inent physicians and the people m
& for 40 years, and never fails V
a cure quickly aud permanently
\ SCROFULA, ULCERS. ECZEMA, -
RHEUMATISM, PIMPLES, ERUPTIONS, ?
■W and all manner of EATING, SPREADING and $
■ RUNNING SORES. Invariably cures the moat a
loathsome blood diseases if directions are fol- W
\ lowed. Price §1 per bottle, 6 bottles for $5. lor A
& kale by druggists. V
J SENT REE WONDERFUL CUBES. $
A BLOOD BALM CO., Atlanta, Ga C f
A CARD.
Some unscrupulous persons
are circulating the falsehood
that I am employed by Mr. J.
VV. Boatwright to sell Guano
for him. I pay Mr. Boatwright
a big rent for his warehouse,
but he has nothing to do with
the business. I have a written
contract with him, in which he
promises to divert all the trade
to me that he can, and this he
is faithfully doing. Anything
to the contrary of the above
facts is absolutely false.
Respectfully 4
R. G. Story.
Thomson, Ga, Jan. 17, 1893.
Sewing
Machine
Premium,
For 100 yearly subscribers
at our regular price of One
Dollar each, we will send to
Club Raiser
A FIRST CLASS
SEWING MACHINE,
DELIVERED FREE OF CoST.
Sail in girls, boys, men and
ladies —raise a club and make
the Home happy with the hum
of a Sewing Machine which
will save the back and shoul
ders and eyes and fingers from
many a heavy hour of toil and
pain.
Are you alive ? If so prove
it by hustling right out, raising
up this club and thus making
your good wife or gentle sister
a present of a handsome Sew
ing Machine.
AMKSIW
Is home a home without good
reference books?
Have you ever seen the cloth
bound, large size volume of
Shakespeare’s Complete Works,
we send out neatly printed and
illustrated? It is fit for any
gantleman’s libary.
How much? One Dollar
will pay for this magnificent
book. It costs more to print it.
Why sell so low? Simply
to advertise our immense print
ing business throughout the
South where we are not now
known. We want your pat
ronage, and to get it we give
you a bargain in this fine book.
Send iu at once. Use only
money orders and postal notes,
no stamps. This offer good for
30 days. Address
HOLCOMB BROS., Job Printers.
Care People’s Party Paper, Atlanta, Ga
SI,OOO
In Premiums.
Through the generosity of
H. AV. REED & CO,
Pxoprietors of the
CHEROKEE FARM AND
NURSERIES,
Os Waycross, Georgia.
We are enabled to offer PREMIUMS
to the extent of
One Thousand Dollars
In first-class FRUIT and ORNA
MENTAL TREES.
These trees will be carefully
packed and delivered free on board
the cars at Waycross. Those who
receive the premiums will have only
the freight to pay.
These trees being grown in Geor
gia, are much better suited to our soil
and climate than any others you can
obtain.
The Proprietors of THE CHERO
KEE FARM and NURSERY guar
antee that these good are just what
they are represented to be. Our
patrons may rest assured of that fact.
Now, we make the following offers:
Ist Premium. —To any one send
ing us 25 yearly subscribers and $25
we will give—
Three Apricot Trees.
Three Grape Vines.
Three Plum Trees.
Two Japanese Persimmons.
Two Georgia Seedling Peaches,
Two Budded Peaches.
Three Grafted Apples.
Four Texas Umbrella Trees.
Four Chinese Arbor Vitae.
Four Maples.
Four Soft-shell Pecans.
Three English Walnuta.
Four Honeysuckles,
Two Laurels.
Two Ornamental Shrubs.
These Trees would cost you S2O at
any nursery. Get up a club of 25
and you at once supply your orchard,
vineyard and flower-yard. If you
get one of these First Premiums you
make S2O and you help the paper.
Try your hand.
2d Premium.—For 15 subscriberr
and sls, we will send—
One Apricot.
One Grape Vine.
Two Plum Trees.
One Japanese Persimmon.
Three Georgia Seedling Peaches.
Three Budded Peaches.
One Grafted Apple.
Chinese Arbor Vitse,
Tnree Texas Umbrella Trees.
Three Maples.
Two Soft-shell Pecans.
One English Walnut.
Three Honeysuckles.
One Plum.
One Laurel.
These trees would cost you $lO Mt
any nursery. Push your hind legs,
brother, and get one of these Pre
miums.
The goods will be shipped direct
to you from the Splendid Nursery of
11. W. Reed & Co., of Way cross, G t
"POOKA !
BOOKS!
ZE3OOZKZS!
PREMIUMS!
I. Strickland’s Stories from History
2. Gibbons' History of Rome.
3. Macauley’s History of England,
4. Dickens’ Novels.
5. Bulwer’s Novels.
6. Thackeray’s Novels.
7. The Waverly Novels.
8. George Elliot’s Novels.
9. Northrop’s French Revolution.
10. Shakespeare’s Works.
11. Byron’s Works.
12. Scott’s Poems.
13. Tennyson’s Poems.
Each of the above is bound
ijj cloth, is well printed in
good type, and is illustrated.
No. 1. will be sent postpaid
on receipt of Two Yearly
Subscribers and $2.00.
Any of the others will be
sent upon receipt of Ten new
subscribers and SIO.OO. Post
paid.
Just think of it!
A complete set of Dickens,
Waverly, Bulwer, Thackeray,
or Shakespeare given away
with every Ten yearly subscrib
ers whose names are sent in,
accompanied by the regular
price! It’s woNderful!
Whirl in, myj, and get something
nice for your children to read.
Haying Received my
Fall and
Winter
Stock,
I am now ready to supply my
People’s party friends with any
thing usually found in a gen
eral mixed stock, comprising
BOOTS, SHOES, DRY GOODS,
NOTIONS, SUGARS, COFFEES,
Flour, Meal and everything wanted
in a family. I will guarantee to save
any purchaser ten per cent in Boots
and Shoes against any house in town
except People’s party stores.
JULE C. WATSON,
Thomson, Georgia.
FOR SALE.
A GOOD FARM OF THREE HUN
died acres, on the fork of the public
roads. A large Gin House, pood Gin and
Press, good Engines, Boiler and Saw-mil,
a small Store-house and Dwelling and
one Tenant House. Six miles from Ma
rietta, on Dallas road. Apply to.
ASA DARBY,
Octavia, Cobb County, Ga
rAZbocETi
Pays the Freight.
To introduce my business into every
Southern home, I make the following
very liberal offer : I will pay the freight
on every bill of goods amounting to
twenty-five dollars or more (except to
Texas and the Pacific slope). I have the
biggest line of Goods in the Southland
my factories are running day and ffigiP
to furnish goods for the thousands cf
customers scattered all over this sunny
land:
Heavy Carpets 1 yard wide, 25 yards, $lO 03
Elegant Parlor Suits, upholstered in
Plush, ------- 30 00
Laige Bed-room Suits, ten pieces - 22 00
Elegant Platform hookers, - - 375
Elght-day Clock with alarm, ash or oak, 275
No. 7 Flat top Stove, with cooking uten-
sils, -------1200
1,000 Window-shades, seven feet long, on
Spring Rollers, with good fringe, all
colors, each, ----- 50
Cornice Poles, with Trimmings complete, 25
Read the following unheard of oner:
1 Ash Bed-room Suit, ten pieces, - 85 00
1 Plush Parlor Suit, oak frames - - 85 00
25 yards Parlor Carpet, - - - 12 50
25 yards Matting for Bed-room, - - 625
1 Parlor Rug, - 5 00
1 Bed-room Rug, - - - - -200
3 Cornice Poies for Parlor. - - 75
3 pairs Lace Curtains for Parlor, - 750
(Chains, Pijjs and Hooks free).
2Shadts for Bed-room, - - - J 00
1 Decorated Tin bl op set, 3 pieces, - 150
1 China Chamber Set, 9 pieces, - - 350
The above outfit for Parlor and Bed
room amounts to sll3, and you cannot
buy the goods in an ordinary retail store
for less than $125 to $l5O. I will pack
and deliver thia fine outfit to any freight
depot (except to Texas and the Pacific
slope) for SIOO cash with the order. The
Goods are all first-class, and my profit on
them is 5 per cent.
References.— Georgia Railroad Bank,
Mayor of Augusta, Bradstreet’s or Dun’s
Commercial Agency.
Address
L. F. PADG-ET,
805 Broad Street, AUGUSTA, GA.
Send for Catalogue.
“MULESYIULESTr
I will have a car-load of
Kentucky Mules at Thomson,
Ga., by the first of January.
Will meet prices anywhere. I
invite friends in McDuffie and
adjoining counties to call and
examine before buying else
where.
E. W. HAWES.
G. H. NIXON. T. S. DANFORTH.
NIXON & DANFORTH,
COTTON FACTORS,
Nos. 3 and 4 Warren Block,
AUGUSTA, - - GEORGIA.
Personal and Undivided At
tention given to the weighing
and Selling of Cotton. Liberal
Cash Advances made on Con
signments.
THOMAS MURRAY.
LIVERY
AND
SALE STABLES.
740 Ellis Street, Augusta, Ga.
Mules and Horses for Sale at
LOWEST PR ICES.
All Stock Guaranteed as
Represented.
To the Citizens of Johnson
—AND—
ADJOINING COUNTIES.
lam prepared to furnish you Buggies
Harness, Wagons, Carts and all otner
farming implements cheaper than you
can buy them any where else in the
county.
Thanking my friends for past favors, all
I ask is to have you come and examine
my stock and get prices before buying.
Respectfully vours,
J. N. A. CRAWFORD.
Wrightsnille, Ga.
Splendid Novels for the long Winter
evenings at less than 2 cents each, form
erly costing 25 cents. Dickens’ works,
12 volumes, over 6,000 pages, SI.OO, and
scores of others at same rates. Write to
day, enclosing 2 cent stamp, for Cata
logue. Address E. E. WEST,
Thomson, Ga.
