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Wbi-R, ( LAY *\l) BROWN
Vengeance on the Grand
Jury of Cobb.
> Marietta, Ga., August 27.—(Special)
U —The jury commissioners appointed by
Judge Gober have met and revised the
Ljury box, and what is remarkable is
j that every member of the last grand
[ jury that refused to endorse Judge
; Gober for the Supreme court has been
< dropped from the list. The conserva
tive citizens of Cobb county, irrespec
( tive of party, feel outraged at this high
1 handed proceeding. M.
i Wilkes County.
I Rev. S. A. Walker will speak in
Wilkes county at the following places:
Aonia. Monday, Sept. 8, ) 1 a. m.
Mt. Zion, Monday, Sept. 3,7 p. m.
Washington, Tuesday, Sept. 4, 11 a.m
Stoney Ridge, Tuesday, Sept. 4,7
’ p. m.
Tyrone, Wednesday, Sept. 5, Ha- m.
Court Ground, Wednesday, Sept. 5,
Tn m.
Helena, Thursday, Sept. 6, 11 a. m.
Thaxton, Thursday. Sept 6,7 p. m.
Newtown, Friday, Sept. 7, 11 a. m.
Signal, Friday, Sept, 7,7 p. m.
, Danburg, Saturday, Sept. 8, 11 a. m.
( Metasville. Saturday, Sept 8,7 p. m.
At these meetings our nominees will
be . with him. Come out everybody,
and make these meetings a success.
The ladies are especially invited.
14th Senatorial Convention.
U The delegates to the 14th senatorial
met in Hawkinsville, Au
gust 22nd. organized by electing W.
T. Robuck, chairman and T. C. Allen,
secretary, proceeded at once to the
nomination of a candidate for senator
which resulted! in the choice unani
mously of Isaiah Wilburns, of Dooly.
A committee of J. O. Baskins, S. 11.
Lanther and N. M. Miller, to notify
Mr. Williams of his nomination and re
quest his acceptance.
Elected executive committee, to-wit:
Samuel Carnees. Dooly county; J. O.
Baskins, Pulaski county; S. B. Doody.
Dodge county; M. E. McAnalby, Wil
eox county.
W. T. Robcck,
C. T. Allen, Chairman.
Secretary.
/ Osborn and Carlton Debate.
The citizens of Harmony Grove, were
» entertained by a joint discussion be
tween J. B. Osborn, candidate for noth
ing, and lion, Henry Carlton, candidate
for United States senate. A corres
pondent writes that Osborn used argu
’ ment and Carlton abuse, of Osborn as
Coxey’s lieutenant, etc. That being
the case the representative of Jackson
county will be apt to vote for Osborn
for United State-* senator rather than
Carlton.
Nominations in Milton.
J. B. Osborn addressed the. people's
j party of Milton county at Alpharetta
on the 13th inst. The building was
crowded. The nominees for county
offices ai e:
Treasurer, John Welsh: sheriff and
deputy. J. 'J'. Kilgore and D. P. Waters;
tax collector. W. W. Dinsdale: tax re
ceiver, J. K. C. Shirley; surveyor, J. M.
Strickland; coroner, G. W. McGinnis.
Resolutions were passed approving
state and national platforms and in
viting Judge Tlines an 1 Hon. T. E
Watson to address the. people at Hol
brook < amp ground.
Nomination For Senator in the
7th District.
The populists of Brooks, Thomas and
Colquitt counties have nominated I'rof.
C. C. Lowe, of Thomas, as senator.
■ic worker in
lything but a
wish him suc-
e'lro is equal
Ido credit to
enatorial dis
Democrats at Lifsey Springs.
Barnesville. Ga.. August 25. —(Spe-
cial.) —Yesterday, Attorney Joe Jame
spoke at Lifsey Springs. About 250
democrats assembled to hear him.
Mr. James was followed by Hon.
Chas. L. Barlett. candidate for con
gress; Colonel J. F. Redding, candidate
for the legislature, also made a short
speech.
35th Senatorial District.
A convention is hereby called com
posed of delegates from the counties
of Cobb. Clayton and Fulton, to meet
at 40’A Forsyth street, corner Walton,
in Atlanta, on September Ist at 12
o'clock for the purpose of nominating
a candidate for the 35th senatorial dis
trict. Jas. L. Sibley,
Secretary People’s Party Executive
Committee 35th Senatorial District.
Notice.
The County Executive Committee
consisting of Will Avery of Adamsville
district—Loyd Coursey; Battle Hill
district—H. I‘. Strickland; Black Hail
district—Henry Wailace; Bryants dis
trict W. A ‘Johnson; Buckhead dis
trict— Howell E. Newton: Collins dis
trict—D. H. Kent; Cook’s district J.
S. Gilbert; East Point district W. A.
Morgan; Oak Grove district—A. J.
Rocks; Peachtree district—J. P. Aus
tin; South Bend district J. M. Osborn.
Ist Ward. fAtlanta—-W. L. Finley; 2d
Ward, Atlanta D. W. Baker: 3d Ward,
Atlanta- J. 1. McMillan: 4th Ward,
Atlanta- Dr. Ely Griffin; sth Ward, At
lanta - Col. J. N. Bateman; 6th Ward,
Atlanta and Oscar Parker of
* the 7th Ward, Atlanta, are requested
to meet at 10 o'clock a.m., Saturday,
September Ist, corner Walton and
Forsyth streets, in Atlanta as per ad
journment, this August 27th, 1894.
John N. Rosser, Chm’n.
P. I'.. I ulton Co., Ga.
r. D. B. s.<y.
Fike JU’oimty. w
■ 'I he Populists of Pike county are re
quested to hold a primary election Sat
urday, September Sth, for candidates
for county officers.
Returns will be consolidated Monday
10th. by the executive committee at
Zebulon.
W. J. Mullins, Chm’n.
Thos. Z. Jones. Sect.
Bartlett in the Sixth.
Indian Springs, Ga., August 28.
(Special.)—The tilth district democratic
convention met here this morning in
“The Wigwam” ballroom. There was
no event of interest.
Hon. Charles L. Bartlett had nearly
all the votes, and was nominated by ac
clamation.
Clayton County Populists.
There will be a meeting of the popu
list party of Clayton county at Junes*
IgMboro. September Ist at 12 o'clock in.
HUr the purp<’Se of nominating county
Ail arc invited that favor the
movement.
Call for Montgomery County.
The delegates to the people's party
convention of Montgomery county are
. to meet at Mt. Vernon on the
yy; -
h ’ 1 " : • "ili' c
1 ’• I ’■ Wh
PEOPLE’S PARTY PAPER, ATLANTA. GA.. AUGUST 31, 1894.
▲ TERRIDLa CASK OF DROPBT CURED.
Jno. Mallon. Esq.,
McLean St.. Mt.
Adems, Cincinnati 0.,
/ Vwt writes: “I took sick
/ WwJI with dropsy, lost my ap-
*2** d petite, could not sleep,
Uai'W became feverish; alwave
I/ thirsty, lost all strength.
| y/ stomach became pain-
Iqpk 1 * ui ’ breath short and
j had to give up work.
zA r D>o best physicians in
Cincinnati, failed to
help me. My limbs and
w' body were swollen to
■ enormona size, and I
IE--— ; was suffering terrible
TowatMattov Fan a£ on ,y. Tho doctors all
JOHN MALLON, ESQ. gai(J j ( , ould nf ,. wcl |
again, that I was liable to drop dead at any
moment. My wife eent for the priest, to pre
faro mo for death. Whilo waiting for death,
remembered readingot' your ‘Golden Medical
Discovery,’ and thought I would try it as a last
hope. M hen I had taken three bottles, I was
almost well. The swelling entirely disappear' d
and I was soon able to resume work. My
health is better now than it has been in
twenty-five years.”
Withdrawal of Call.
The call for the meeting of the sena
torial convention of the 19th senatorial
district - Green, Taliaferro and War
ren counties—is withdrawn. Date and
place of meeting will be announced
later. P. M. Hill.
BIJY ONLY
’ TEsTED
FRUIT TRESS
From Tho
CHEROKEE
NURSERIES.-:
The steadily increasing demand for
our FRUIT TREES is abundant proof
of their adaptability
FOR GENERAL PLANTING.
We are large growers and carry in
stock a large line of Fkcit Thees.
Roses and SmtirußKUY.
NO AGENTS. CATALOGUES FREE.
PRICES TO SUIT THE TIMES.
Correspondence Solicited. Addres
CHEROKEE NURSERY CO
Waycross, Gkoroia.
— s it is
AND ABSOLUTELT
SAVfOO Theßest
P *: SEWING
‘ " ".-1 MACHINE
MONLY J MADE
WE OR OCR DEALERS can Bell
yois machines cheaper tlsan you can
get elsewhere. The NBSW HOME is
ourbest.butwemalco cheaper kinds,
such as tho CS.JB2AX, lOEAI. and
other High Arm Full Nichol Plated
Sowintf Machines for $15.00 and up.
Cali on our agent or write us. Wo
want your trade, and If prices, terms
and square dealing will win, wo w’lil
have It. We challenge the world to
produce a BETTER $50.00 Sewing
Machine for $50.00, or a hotter S2O.
Sowing Machine for $20.00 than you
can )>»sy from us, or our Agents.
THE HEW HOME SEWING MACHINE CO.
Obangb.Mass. Boston. Mass. 2g Union Squar®, N.Y.
Cuivag* », 111. St. Loots, Mo-. I ‘at las, 1 exas.
, b.AN Francisco, Cal. Atlanta, Ga.
' FOR SALE •
HOME MADE“GOODS?
Shearer Machine Works,
Atlanta, Georgia
Mann fact urea SA W
1,1 .Mills,Grist Mm.-.
TwhCKlWp l *! "liter Wheels, !■ ■
Machines, Boilers.
Engines, Stenin
Launches for Lake,
a ”d Rivers, am'.
\y a t r wor j. s ~
■J.-niall towns nt th.
Lowest Pricks.
Our Saw Mill complete, with Saw
and Belt, for $l5O cash. This -will cm
from 4,000 to 11,000 feet per day.
Grist Mills, made of the best Virginie
stone. $90.00 ; 36 in., $110.00; 13-in.,
$150.00.
12Jant ts
Silver May Be Free.
Gold and Greenbacks may be abundant
but none will succeed in growing rich
except those who practice Economy.
Economy is Essential to Success.
A good lesson in Economy can be learnea
by buying from us. We sell tho BEST
goods at the BEST prices and on the
BEST terms.
GROCERIES, HARDWARE AND
1 * LAN TATIO N SUI ‘ PLIES.
Our stock is comglete and all good
kept are first-class. We study tho inter
ests of the Farmers, and keep on hand
such Goods as are best adapted to their
needs. We buy close and sell close and
will make it to your interest to give us
your business.
SMITH BROTHERS,
TENNILLE, GA.
lOMohl ts
We underbuy and undersell
All Com;etit.
FOR SPOT CASH,
And do our own work without ex
pense for clerk hire, which enables us
to sell Clothing, Hats, Shoes, Dry Goods
and Groceries an average of
20 Per Cent Below all Com
petitors’ Prices-
Don't lake anybody’s word for it, but
come and compare; goods and prices
with others, and save one fifth of your
regular expenditures, and lay it up as a
reserve fund for yourself and family.
HARDAWAY’S
CUT PRICE CASH STORE.
WARRENTON, GA.
A AGENTS WANTED for “Striking
for Life.” Labor’s side of the la
bor question, by John Swinton, the
Pillar of light of labor movement.
Send 10c for agents’outfit. Quick, large
profits. Address. National Publish-
DCG Co. i Chicago, Ill* >
Scientific Discoveries.
FACTS WHICH THE MILLIONS SHOULD UNDERSTAND.
Obemeyer, Koch, Pasture, Biggs, Radame, Amich and ly iny other seien'Hic
investigators have revolutionized medical treatment of human diseases iu ’.lie
last, few years. With their tine magnifying glasses they sov and know that the
most malignant and fatal fevers; that all nasal affection, throat disea.-es ami
lung troubles; that all blood poisons and blood affections, as shown by rheuma
tism, inflamed joints and running sores; that bright’s disease of the kidneys,
liver complaints, impoteney and female weakness are caused and produ •■.; by
inicrobes-p-sniall living germs of life.
All medicines and remedies heretofore have failed on t hroat affections and
lung troubles. Such medicines are not manufactured on a scientific Iw is.
Drop such a medicine on a spider, a bee or even a fly , ami ten to one that such
an insect will commence to eat of the preparation.
Then let a small portion of Swamp Angel Medicine strike the same insect,
and instantly you have a corpse. Then let a small portion of Swamp Angel
Medicine fall on a board three inches or more from a fly. and instantly it com
mences a series of girations, and soon falls over dead, killed by the poi•-•>> .ms
gases of Swamp Angel Medicine. Then pour out thirty drops of Swamp Angel
Medicine in sugar and swallow it, close your mouth, and you can feel 1 ;u: i lire
and gases coming through every air-coll of you lungs and passing oiT through
the nostrils, Common sense must thus show you that the same gases which are
so deadly to the fly must certainly have a similar effect on ihe • i übe■•■Ke Ba
cilli,” the moth-eating parasite of the lungs, and all oth r microbes and para
sites which produce human diseases and human pain.
On March 1, 1894. I had been using Swamp Angel Medicine about, fourteen
months, from 100 to 390 dr<u s a day. On my return to Atlanta, after an ab
sence of less than a year, selling this medicine, I stepped up to Mr. Wright,
Chief of the detective force in Atlanta, and one of the smartest men in Geor
gia, in remembering faces, and extended my hand. He said : ‘ Really, 1 don’t
remember you; seems like 1 have seen you somewhere.” 'This is Dr Swamp
Angel, the man you saw three straight months every day, a’t 97 Decatur ire ,
selling medicine. “Indeed! Indeed! Is that so ? 1 never would ba\ : r.o ah
you. How you have changed ! You look ten years younger. What on earth
have you been doing to yourself ?” ‘'Taking from 100 to 300 drops of Swamp
Angel Medicine every day,'’ was the reply. Mr. Brannon, chief clerk, f »:• city
delivery, for the Lamar, Rankin Drug Co., who waited ou nr* every day for
drugs for three months,, did not know me on my return. L: fact, kind ],.■ >ple,
few people who knew me a year ago as a. consumptive inv lid. ea n .<■ I
me today 1 weigh 100 pounds, have ago id appetite and all the powers, facul
ties and ambition of a man in the prime of life. Now. let me say to you. if
you have symptoms of lung diseases or any germ c isease, don't delay if you arc
are not dying Try Swamp Angel Medicine; it never fails. Over l,uoo remark
able cures of diseases are in my books and reported by let ■ ) cun only give
the names of a few.
THEIR NAMES ARE MANY.
Margaret Morton. 45 Courtland street, down in bed six months with ec-.i
sumption. In less than one week aft<r commencing the use of Swamp Angel
Medicine, she was walking around and attending night, si. >\\ In to weeks
he was walking a. milt' in the hot August sun. J. \V. Mcl» maid, ' Vc-,t. Emi.
Ga., suffered thirty years with throat and lung diseases. Cured sound and well
a ith Swamp Angel Medicine. Dora Strickland, DeKalb county, down in bed
three months with consumption. Was walking about evert where in 1 week af
.er commencing the use of Swamp Angel Medicine. Isaac Harper, Ea:-t
Point, Ga.; J. 11. Timmons, J. H. Cooper, Mattie Tompkins. Aleck Haywood,
ill of Atlanta, were cured with Swamp Angel .Medicine of lung di'eases. M.
A. Connor, of Wrightsville, Ga , February 2, 1894 writes: “Gave a c i *umpt’ve
Swamp Aug'' l Medicine. He gained fifteen pounds in three weeks.'’ l his beats
he record, could add oue hundred or more remarkable, c tsp
von't admit.
RHEUMATISM CURED.
Theodore Fletcher cured with two bottles of Swamp Angel Medicine after
pending T. J. Gaza cured with Swamp Angel Medicine after suiTcring
ive years. Mrs. D. Bronvill cured a badly swoolen and inflamed arm in one
night with Swamp Angel Medicine. Ephraim Johnson, in bed s x months with |
nflammatory rheumatism, cured in threec weeks with Swamp \ngvl Medicine.
I. W. Owens suffered since the war with rheumatism. Cured sound and well
,vith Swamp Angel Medicine. W. S. Nunnally, rheumatism all over the body
nd partly paralyzed. Cured sound and well with Swamp Angel Medicine in
wo weeks. The above people live in Atlanta. Mr. Kiker, of Buchanan, Ga..
m crutches throe months, commenced with Swamp Angel Medicine. In two
hrew his crutches away; in a week, out in the field at work. A late case is
oorted as follows; J. Al. Jones, J. P., Dogo, Ga., 1, 14, 1894, says: “My wife
ha been in bed eight months with rheumatism, and one bottle <’ Swamp An
g i Medicine had her nearly well.” So it goas in hundreds of cases. Can't
lame them —no space.
DYSPEPSIA AND INDIGESTION.
Swamp Angel Medicine is a wonderful tonic, and therefore never fails on
lyspepsia and indigestion. I'his trouble is simply fermentation of the stom
ch Fermentation is r feneration. See yeast working and milk souring,
hrough a microscope. Millions of bugs are visible. So with dyspepsia, indi
.estion and sour belches; the gastric juices have failed to force digestion. One
lose of Swamp Angel Medicine puts an immediate stop to all fermentation in
, lie stomach. It kills the bugs. Cures, in Atlanta, on J. 4’. Timmons, W. S.
A’ebb, J. 11. Ray, O. K. Hornby, W. G. Gibson, J. J. Reid, John Stegall, and 100
nore in Atlanta alone.
DEAFNESS CURED IN ATLANTA.
C. G. Tittenden was cured of deafness of fifteen years' standing. Celia
White and Mary Caswell cured with Swamp Angel Medicine. Have never
nown it to fail in a ease of deafness.
SWOOLEN BREASTS, TUMORS, GOITERS, WENS AND
SWELLINGS
Are caused by parasites. The milk in a mother's breast will so»|r and f r
H- ; • y .i,i'.-i. • lie in i?,.-hi- f. Ki. i them every time with ?a■ ;
•,el Medicine.’ Goiters, tumors and wens are devt• opieg worms. Kill 'Jiem
very time with Swamp Angel Medicine. Wall Chapman, Sum .Jones, co orcd.
Mollie Dixon H. Temple, all of Atlanta, all cured of bad cases of tumorsand
•oiters. Sam Jones, especially, was being choked to death with a large goiter
m the neck. One month was wearing a collar and necktie—same as other peo
• le. Swamp Angel Medicine did the work. Could add littj r cases. Space won’t
idmit.
KIDNEY, BLADDER AND OTHER TROUBLES.
Swamp Angel Medicine acts most effectively ou the kidneys. The urine
d'ten smells of the medicine, especially when taken in large doses. G. W. Mc-
A illiams, president, of the sub-alliance at Stockbridge, Ga., could not stoop and
ick up a pin. After using Swamp Angel Medicine three weeks could pick up
30 pounds. Ma le him aue w man; better than lie had been in t wenty years,
lames Jackson, .Atlanta, suffered for years with diabetes. Cured wit h two b»i
lies of Swamp Angel Medicine. Russell Whaley, Atlanta, cured of inflamma
tion of the bladder in oue week with Swamp Angel Medicine.
ASTHMA AND CATARRH,
Conceded by the best medical experts to be caused by parasites, germs or
microbes. Swamp Angel Medicine never fails to kill the bugs. Mrs. Spinks,
living on J. J. Brogdin’s place, near Lawrenceville, Ga., had been propped up
in bed six months with asthma. In a week after commencing the use of
S.vamp Angel Medicine, she was up and doing her own housework. Could give
you many remarkable cures of both catarrh or asthma. Swamp Angel .Medi
ine will cure if you give it a trial.
ERYSIPELAS, DIARRHOEA AND COLIC
Are all caused by germs, microbes or parasites. John Daniels, Atlanta,
struck with a baseball bat. A gash in the cheek and three, teeth out. Erysipe
las set in. Three days after, his face was a horrible sight. Saturday night
commenced with Swamp Angel Medicine. Monday morning no symptoms of a
woolen face. J. R. (lower, at midnight said: “Oh, I will die before day!”
Congestion of the stomach. Dr. Swamp Angel pumped five doses, or 150 drops,
into this gentleman in twenty minutes. He was up and walking about in one
hour. N. H. Cheshire, a large farmer of Fulton county, says : “My mule was
dek from 3a. m. till >p. m. I then drenched with two tablespoonsful of
Swamp Angel Medicine. In twenty minutes that mule was up eating oats.”
Mi>s Ella Glower,Atlanta, says : “Not one of the ten children has had la grippe,
a cough or cold this winter. At the first symptoms of trouble we give and take
Swamp Angel Medicine.
WHAT RETAIL DRUGGISTS SAY.
Dr. J. ( . Cobb and Company, Buchanan, Ga . writes: “Three hundred bot
tles of Swamp Angel Medicine sold and guaranteed here. Only three com
plaints. She goes like a dandy and gives perfect satisfaction.” Dr. C. D. Mc-
Donald, McDonough, Ga., writes: “Sold 100 bottles of Swamp Angel Medicine
i n ler a guarantee. Only one complaint.” Bagwell, Bros., Lawrenceville, Ga.,
wrles: “Sold 100 bottles of Swamp Angel Medicine here. Guaranteed every
o lo It gives gel eal satisfactio i.” Brooksand I vy 4 Covington, Ga., writes:
‘S ;d 100 bottles of Swamp Angle Mo icine Guaranteed every bottle. I
n ver had a bottle returned.” Wn. ID i. ;e <<• Son.. Conyers, Ga.,' writes ; “Sold
eighty bottles of Swamp Angel Medicine here. Had one bottle returned.”
This certifies that 1 traveled with Dr. Swamp Angel from September 4, 1893 till
February 15. 1894. I sold and guaranteed over 6,000 bottles of Swamp Angel
Medicine during this time and only had to return the money for three bottles.
Captain Sam S. Pegg.”
Could add over 100 letters from druggists of the same nature.
Swamp Angel Medicine is put up in half pint and pint bottles and retails at
11 and ?2.
SPECIAL REDUCTION TH KET.
For sixty days cut out this ticket, and send it to any wholesale drug firm in
your state or county or your local drug store. You will get this reduction :
1 bottle (half pint) Swamp Angel Medicine S 50
1 bottle (pint) Swamp Angel Medicine -1 00
dozen bottles (half pints) Swamp Angel Medicine 2.00
1 dozen bottles (half pints) Swamp Angel Medicine 4.00
j.j dozen bottles (pints) Swamp Angel Medicine 4.00
SWAMP ANGEL MEDICING COMPANY, ATLANTA, GA.
THE BEST PLACE IN AUGUSTA TO BUY
COOKING & HEATING STOVES, GRATES & MANTELS
IS -AT
DAVID SLUSHY’S,
1009 Broad Street, Augusta, Georgia.
Tiikßoofing and Ornamental
Metal Coi-nice of all kinds
A. I
National Banks ilgaiu.
Some time ago we were asked by i
a correspondent to state wherein the ;
National Banks enjoyed a “picnic.”
Our friend Capt. E. M. Anthony. |
of Washington, Ga., writes us under
dace of August I3tb, that a Banker
of that city lakes issue with us and i
wants a further reply.
Owing to absence from home and ;
the fact that our mail had greatly ac- !
cumulated, Captain Anthony’s letter
has been overlooked till now.
As the subject is a most import
ant. one we will comply with the
wishes of the Washington banker
and be more elaborate in our expla
nation of the picnic enjoyed by the
National Hanks.
1. 'rhe money they invest in the
Bonds exeapes taxation, whereas if
they were to Invest it in land, mer
chandise, cattle, or produce, it would
have to pay its legitimate share of
the expenses of government
2. The interest and the principal
paid to them from the taxes of other
citizens is paid in coin, instead of in
paper money; and under the favor
itism thus practiced by the govern
ment, this. ‘Coin” is gradually com
ing to mean gold. The entire trend
of legislation is in that direction.
3. The money invested in these
Bonds assumes none of tho risks of
legitimate business. Contraction of
currency only adds to its value. The
shrinkage of all other classes of prop
erty serve but to enhance the ad
vantage it enjoys. The Bond be
ing, in effect, a national mortgage,
every dollar's worth of property in
the I’nion is pledged to its payment.
The government, through its power
of taxation, is bound by the law of
the contract to exhaust, if need be,
I every acre of land, every bale of
cotton, every bolt of cloth, and every
chattel, rather than allow the bonds
to go unpaid.
Money invested in bonds escapes
all the burdens of government, all
the expenses of legislation, all the
chances of trade, all the risks of lire
and flood. ■ No panic affects it, no
riot dismantles it, no boycott or
strike or lockout can touch a hair of
its head.
The merchant has to work with
hand and brain to wifi prosperity
the farmer has to toil from sun to sun
to achieve success; tho manufacturer
has to study every change of machin
ery, explore every channel of trade,
iu order to reap profits; the bond
holder—what has he to do?
Xo'ili. ; ./save co sit, like Matthew,
“at the receipt of customs.” Paying
no tax himself, his job simply con
sists in fattening upon the taxes of
other people.
So great are the advantages de
rived from putting largo sums of
money in bonds, that many capital
ists are content to keep the Bonds
without reaping the additional har
vest which comes from banking upon
them. Mr. W. 11. Vanderbilt, for
instance, invested $40,000,000 in
government bonds and did not bank
upon them at all. He considered
the absolute security of the invest
ment, and the freedom from taxation
of the money so invested, as a sufli
cient inducement to buy bonds.
4. The interest, to the extent of
many millions per year, has been
paid in advance during a long series
of years. This is shown by official
reports which we will produce if the
assertion is denied.
On page 203 of the “Laws Relat
ing to Loans and the Currency” will
be found the law (Section 3699)
under which this practice of paying
interest in advance has become a
standing reproach to our govern
ment. The law was passed by the
republicans in 1861, but the demo
crafs still continue it in force.
■ hiring our brief and breezy ca
reer iu Congress we introduced a bill
to stop this prepayment of interest,
but the Democrats smothered it in
Committee room.
We stated that the interest was
paid semi-annually. The Washing
ton banker says it is paid quarterly.
On page 166 of the “Laws Relat
ing to Loans and the Currency,” it is
stated that the interest on tho bonds
shall be payable semi-annually, or an
nually.
On page 179, discretion is given
the Secretary of the Treasury to
make the interest on funded bonds
payable quarterly.
On page 153 (act of 1864, already
referred to) the Secretary is author
ized td “anticipate the interest by a
period not exceeding one year.”
What the ywactice is at this par
ticular time we cannot say, but it is
certainly a fact that the prepayment
of the interest has not hereto- I
fore been always confined to quar- ■
terly payments, nor does the law read !
that way.
Having salted his cash down,in
a bond which pays no tax and which .
runs no risk, and which can
when tho republic, dies, the bond
i holder now takes a step forward
: He lays his bond in a vault which
I the government provides for him,
I takes a receipt therefor, and demands
S9O in currency for each SIOO of
' bonds. This S9O is issued to him
| in blank notes, but tho governments
I guaranty is back of each note. He
I signs the./bee of the note, and im
mediately it becomes what the
National Bank act d'-wribes. a
“money." It is called ■■.V-dionaZ
Currency," and is practically made a '
legal tender.
Hence the bondholder gets liionev
on his property while the land
owner, and produce-owner cannot
do so.
This advantage alone would con
stitute an enjoyable element in any
well regulated “picnic.”
6. lie can lend the S9O at 8 per
cent, when it costs him but I per
cent. A man who cannot get up a
‘•picnic” ou a little bonus like that
must be a chronic victim to melan
choly.
7. The government agrees to take
his notes in payment of taxes, ex
cises, public lands, and all other dues’
to the United States, except import
duties. All salaries and other debts
due by the United States to in
dividuals, or corjioratior. s of this
country, shall be legally payable in
these notes.
No such privilege and power is
given to any other citizen's note.
Import duties must be paid in
coin; so must the interest and prin
cipal of the public debt.
What is the public debt?
The bonds held by these National
Bankers.
Why is coin demanded for import
duties?
In order that the government may
be able to give it to these Bankers-
Therefore the law says that a Na
tional Banker ■ can compel every
other national creditor to accept his ,
notes in full payment, but that the
Banker himself can refuse t jc-p'
his own note, and can 7. innnd coin
A man .who cann >t smell “picnic’
all along here, must have let his
nasal catarrh stand too long.
8. The guaranty of the government
is what sustains the value of the
National Bank Note. The bond
holder pays nothing whatever for
this guaranty.
9. The government guarantees pay
ment of the notes, free of charge.
The people borrow the notes at 8-
per cent, interest.
What constitutes the government?
The people.
Therefore the people endorse a
note for the National Banker, free
of charge, and then turn round and
borrow that note at 8 per cent. This
is a “picnic—’’but not for the people,
10. National Banks become deposi-
tories of public funds—paying noth
iug for the use of them. ♦
The New York banks have had
more than $15,000,000 of the tax
money of the people all this year.
The administration can thus enrich
its favorites at the public expense.
Few Southern banks enjoy this side
dish of the “picnic.” The North and
East get the lion’s usual allotment.
As stated in our former article the
government reports show the full
fatness of this system on page 49 of
the “Statistical Abstract.” The fig
ures for 1893 stand thus:
Capital . . . $681,809,673
Surplus . , . 248,122,908
Total Net Earnings . 68,780,951
This table shows what the system
has actually yielded in the way of
profits on the banking privilege alone.
It was ten per cent in 1893.
The table does not include the
income from the bonds themselves-
Nor does the table show what the
exemption from tax is worth. The
income from the bonds must be added
to the profits made from the banking
and then you will have the grand
aggregate of the double reeenue de
rived from tho money invested in the
bonds.
Tho Washington banker seems to
be skeptical as to the existence of
the “picnic.”
Let us ask him this ;
If National Banking is not a good
thing why do the numbers of National
Bankers so constantly increase?
Those meu are the lords of wealth
They are not tied down to farms
factories, or mines. They have free
dom of choice. They have on their
side the autocracy of cash. They
can dictate their own pleasure. The
fact that an increasing number of
the men who have unlimited and un
fettered choice of business choose to
go into National Banking, is the
- most convincing proof that the “pic-
I nic” is there. .
Upon one thing we were wrong
i and the Washington Banker is right.
I National Banking is not restricted to
i cities having at least 6,060 inhabit
ants. Memory misled us on that, to
our regret.
On page 58 of “Watson’s Cam
paign Book” the law is properly sta
ted thus:
“In cities td 6,000 or less a Bank
may be incorporated with a capital
of hot loss than $50,000. Where the'
popu .i.ii>n exceeds 50,000 the capi
tal of the bank must not be less than
'O.OOO. Between these limits of
population the bank must have a cap
ita et‘ §11)0,000.
I'lie iiindauiental objection to Na-
<i Banks i ; that the right to issue
me-vis a sovereign power which
shi ulii exercised by the govern
iu< .don- It should not be dele-<
■ i’e . To f irm out to any individ
ual or to any < orporation the tremen
dou- privib of expanding and con
. < eg th iirreney is to make a
vla-is th>- alsilute masters of the
nation They can contract the
volume < i money, force prices down,
and i“,.. . they can then inflate the
currency, force prices up, and
I’liey ' .i< l! >up>u ai< aular sw
'em which the bdance ot the busi
ness world is powerin'-' to check,
i'hus ah other kinds of property is
at the mercy of those who wield this
trctm-ndous power.
Jefferson ami Jackson and Benton
saw tin-, and they fought National
auks with all the s rength they pos*
sessed.
But the party of Jefferson, JackJ
am ami Bi iit.un is now controlled by
National Bankers, and we find
gi-od democrats everywhere >.t
ng it s istence of the . u ; '-.”
i'll. ■ >son i- i'i in. Thej ar,o •n
--:• sp- and they el ■ ..-■jfe,
in i . ■ quarreljv
vieti d '
i.g a Hopeless Muddle,
T hih has l>e.'<o ... a law
wit. the approval of the presi
dent.
waiting the full limit ot'>
: ■\> ed 1 . . returned it
Co egress without his signature
whv he should have elected
hat course is best .known to himself-i
It may have been prompted by his>
lesire to aid th- pig r trust, who
weie profiting by ejeff day’s delay,
or it may have been Ipnly a childiah._
and sullen sulking whin !> .Ik ver xa
eonsistent with tho role of her >0
courage he has heretofore been de
lighted to assume. But whatever
the motive, his action was a stunning,
blow to the democratic party. 1
The bill, as it reached him, was >
either good or bad. If it was goilq&C
if it offered relief to the peotOg
from oppressive conditions,
dearly it was his duty to sign thsß
hili. J
If on the other hand it was baw§
;f it only shifted the burden whiffiH
the tax-payers bear, and piled up<®|
one article of general consumptior”
what was saved to the people on an.
other, while at tho same time it
favored some industries at the ex
pense of others, then why did he
fail to pursue his customary course
and promptly veto die bill ?
In his letter to General Catchings,
which was intended as an indirect
message to the house, Mr. Cleveland
.assigns this as his reason for cotl
signing the bill: “Neither will I per-*
mit myself to be separated from my(
party such an extent as might be imJ
plied by my veto.” Tho insincerity!
of this excuse is at once apparent'
when it is borne in mind that he per-<
mitted himself to be seperated frornt
his party when he vetoed tho seign-;
iorage bill, which had received ai
much more cordial and united sup
port from his party than the tariff
bill. 'The president eimply is not
honest when he makes that declara
tion.
Never more can his partisans hold
him up as an exemplar of “rigged
honesty and unflinching courage.”
Was Mr. Cleveland honest, when in
his former indirect message to th 9
house, addressed to Mr. Wilson, he
denounced the tariff bill as “party
perfidy and party dishonor?” Thqgj
.what construction is to be placed
his action in becoming an acoessejgfi
to this act of perfidy and dishoncjttfM
Well may the Constitution wail
“he has at the last moment struck
party a stunning blow between tkQ|
eyes” which “leaves the party iut
the most serious muddle in its his
tory.” “Every democratic candidate
in the country has had his ohsacee
for re-election sadly impaired by the
refusal of 31 r. Cleveland to sign the
tariff bill.” “The party's majority
iu Congress is seriously threatened.”
In truth, the democrats must go
before the people as a party of imbe
cility from whom nothing can be
expected. That they will lose every
doubtful district is certain.
They will not be given another
chance to fritter away two years
while' distress and want hold high
carnival in the land.
The only hope of the people for.
honest government now rests witbh
the populist party.
3
