Newspaper Page Text
^
r, Editor and Proprietor
at $ 1.25 a Vear
_
Mred the Postoffice at Toccoa, Oa.,
taker 9, 18M, ju>. second class .mail
GA.,DEc7i4, 1894
'emm m
We want Factories established la
; IPcam—eod no place la the entire
South otters better advantages. Any
tm desiring to establish any kind of
■ factory bad better look at Toccoa’s
m. The President to Congress*.
As was generally expected, the
president, fortified by the recom
mendations of the comptroller of
the currency and the secretary of
treasury, gives favorable atten
tion in his annual message to con
gress to the so-called Baltimore
of modifying existing bank
ing laws with a vitjw to supplying
the public with a safe, abundant
and clastic circulating medium.
The main features of this plan
pre already well known and are set
forth in our last issue in the mes¬
sage and in the annual report of
Secretary Carlisle. As approved
by the national administration it
has the important addition to the
original scheme of requiring the de¬
posit with the government of a sum
in United Status money equal in
amount to 30 per cent of the notes
to be issued by any bank. This,
of course, would be an added pro
levlion to the holder of such notes,
and with the 5 percent redemption
fund and the first Hen op the assets
of the bank would be expected to
make them entirely safe. Appar¬
ently the plan further commends
ijtself to the president by the possii
ty that by locking up in the
isury a large amount of United
tea legal-tender notes in ex
nge f^r bank issues the “end
‘ ms chain in operation, constantly
feting tho treasury’s gold which and
If Hear a final rest,” of
omplains in his message, will
»ve its speed very materially di
Whatever may be thought of the
m in for issuing bank notes—and
m faveifrwhich it has won is wide
C-: ad—the president's comments
-
■ r in which the treasury
S90 can be used indefi
to withdraw gold from the
ry lor export are sufficiently
g. His unequivocal ^eclara
uit he will maintain the na
m currency on a gold basis at
St in bonds should dispel all
t on that score if suc^i doubts
xisted anywhere.
* ‘ tnt treats the country
y. '->*
news in the announce
this government is to pay
m $455*000 in satisfac
Browing out of ibe
i contfovcrty ThU «f
foftl,. 4.f«i
- be
m all. is like
and
m . «M»s with food
■« te quarrel# ever the <U
! and the diplo-
1. The recom-
1 president that
v g duty against
4ts be removed and
“ 1
. ___
■ .
Kj* I‘1
»< *. J
3r
4 .
—*—— «*7 5. ~ 1 *~
gold from the treasury and the 1 m d
ing causes of fityincial depression,
therefore comprehends an elabor¬
ate review and exposition of a fi¬
nancial system erected upon a new
basis. The secretary sets forth
that a freer and more active trade
with foreign countries is the first
of the means to be used to stop the
drain upon. the gold reserve, and
for that purpose recommends the
regulation of tariffs with a view to
the enlargement of international
commerce, Pending the time
when commerce shall have been
thus stimulated, the only means of
securing a balance of exchange is
through the payment of gold, and
for that reason the scretary, noting
the success of the recent bond
issues, recommends a law to nego¬
tiate bonds at a lower rate of in¬
terest and, for a shorter time.
It is Secretary Carlisle’s evident
opinion, however, that primarily
the inability of the United States
to keep its money at home rests up¬
on the distrust either as to thg
government’s ability tq pay or as to
the value of the money it pays
with. This lack of confidence is a
first cause for the withdrawal of
foreign investments. Both because
the citizens* of this country are en¬
titled to sound money in their own
transactions, and because of the re¬
quirements of foreign trade, Mr.
Carlisle therefore finds a necessity
for keeping practically the same
monetary basis adhered to in for¬
eign countries—that is, adhesion to
the gold standard, with as large a
use of silver as is consistant with a
maintenance of that policy.
The secretary finds that among
the most potent of the influences
now working against financial pros¬
perity are the accumulation of sil¬
ver currency and the system by
which United States potes are re¬
deemed and reissued in a perpetual
chain, with the result of a never
ceasing outflow from-the gold re¬
serve. It is in consideration of the
latter evil that he advances hi* cur¬
rency plan, which is in brief that
suggested by the president, but
given in fuller detail. It also stipu¬
lates that no national bank note of
less denomination than $10 shall
be issued, the intention being in
this way to give silver a larger cir¬
culation.
The report is the most important
of the various contributions to the
present financial discussion, and it
will receive serious consideration
as setting forth the most vital issue
of the present moment. The sec¬
retary expects, through this modi¬
fied “Baltimore plan,” to take the
banking business oqt of the nation’s
hands, at the same time providing
sufficient security to the money is¬
sued ; to make the reserve funds
exempt from the demands of finan¬
cial stringency or distrust, and to
provide an elastic currency, suit¬
able to fluctuating conditions and
conditions meroly local in extent.
Whether the plin will provide
these benefits or not, it has suffi¬
cient consistency and comprehen¬
siveness to merit the most earnest
and studibus consideration.
Settling the Oriental War.
It appears that the task of patch¬
ing up a peace between China and
Japan is not gding to be a©
at f «■
a matter as was
The f-------- I ' -
rat’ * a j
meager and
led on i
1
'
j.
T
A -J.:
officials _j£ -
and mat thc J United States
is now bound to figure more or less
as a factor in whatever results are
secured. To fulfil this task, at the
same time escaping the entangle¬
ments of oriental alliances, implies
a serious test of ^diplomacy.
At present this country is direct¬
ly interested in the oriental war¬
fare in three ways. Through its
ministers it is affording the bellig¬
erents a chance to negotiate. It is
called upon to take some measures
of adequate protection to Ameri¬
can interests at the scene of con¬
test, And it will probably be
asked to grant some personal pro¬
tection to the King of Korea, in
return for which there are pros¬
pects of new and valuable commer¬
relations with the “hermit
kingdom.” , .
In the manner in which these
tasks are accomplished the orien¬
tal trouble will reflect credit or dis
i
on American diplomacy.
Spreckels and Havemeyer.
Sugar King Spreckels of the Pa¬
cific coa6t volunteers the pleasing
information that Sugar King Have
meyer of the Atlantic coast did
quite the proper thing in closing
down all of his refineries and thus
throwing 5o,cxx> men out of em¬
ployment at the beginning of a
hard winter. Mr. Havemeyer, he
says, is not protected from the pau¬
per labor of Hong Kong, the Phil¬
ippine islands, Batavia and other
places where they pay the help ten
cents a day to make and refine
sugar. He figures out that Mr.
Havemeyer has been struggling he¬
roically along on a margin of gross
profit of only .06 of a cent a pound
on his sugar. He declares that the
eastern sugar king cannot compete
with foreign markets unless the
people of the United States put
their hands in, their pockets and
contribute enough, money so that
Mr. Havemeyer will be able to go
to bed at night without fearing
that the next morning be will find
great fleets of vessels loaded with
pauper-made sugar steaming past
Sandy Hook.
Mr. Spreckels put the whole
sugar situation in a nutshell when
he said: “Havomeyer and his
people control the sugar trade of
all the country east of the Missouri
rh’er, and the California refinery
(Spreckels) controls pretty much
all west of the river.” That indi¬
cates the perfect understanding
which Sugar King Spreckles and
Sugar King Havemeyer have with
each other. But Mr. SpreckeU
claims too much. Mr. Havemeyer
controls both sides of the Missouri
river, for Washington is east of the
river and Washington controls the
country,
Mr. Havemejrer’s plaint and tW
opening of congress furnish a co¬
incidence fraught with suggestion.
ANb it is
SAVELI ABSOLUTUY
The Best 1
mm
NABS
* -■
,
^^s^ And other epeei<ies tor
Gentlemen, ladles, Boys
|*3 and Xisse* are the
Best in the World.
e> See descriptive advertis*-
1 era* which appear* lu this
paper.
Wfm Take £0 Snhrtitate.
Insist on haring W. X>.
DOUGLAS’ SHOES.
P with mi n« sad price
stamped 03 bottom. Sold by
Kilgo & Cook,
TOCCOA, GA.
Wanted.
A canvasser for the,T imes and
weekly Constitution. Apply im
mediately to The Times, Toccoa.
A nice assortment of Jewelry Brown
just received at Simmons
& Co.
- -
—
Try The Times three months for
35 c - It will do you good.
announcement.
I hereby announce myself aa candidate
for Raliff of the 440th District G. M.,subject
the votes of the people of said district.
J. H. RENNEY.
MAIL SCHEDULE.
going west.
Train No. 33, 3:49 a. m.
“ 38, 3:22 p. m.
“ 11, 7:00p.
going bast.
Train No. 36,12:40 a. m.
'• “ 37,2:20 12, i2:0Gp. m.
“ “ p. in.
EtBEETOIf AIB BINE E. R.
(
Train No. 12, Arrives from Elbertpn
s. ni.
Traiu No 9, Lcavesfor Elherton 1:15 p. m.
“ “ 63, lA>ave witVi through Pouches
Elberton and Hartwell 7 a.m. 1
Train No 62, Arrives at Toccoa with
Pouch from Elberton and Hartwell
30 p. m. and
Toccoa and HenTy Star Toccoa rou Tuesbays „ and
Arrives at 12. m.
for Henry Leatherwood 1. p. m. star mail route,
Toccoa and Toccoa 12
for only. Arrives at m.
Leatherwood 1. p. m. _
Mail pouches for trains Numbers 11,12,
anil 38 close ten minutes before the ar¬
of trains. close
Mails for traiusr Numbers 9 and 63
minutos before the departure of trains.
Mails for trains Numbers 35 and 36 close
p. m. All mail matter deposited and ftvd in
Post Office for trains except 35 30
before the departure of trains is
Sunday mails exchanged with trains
Numbers 11, 12, 35 and 36. Sunday office
7 to 8 a. m.,12:30 to 1:30 p. m. and 6
7 i>. m.
Money orders issued and paid and mat¬
registered during business hours except
Saturday nights and Sundays.
J. J, Bright, P. M.
City Directory.
* - Crrv Ofniceiis
Mayor—W. J. Haves.
Recorder—6. T. Good*.
Time of council meeting,fourth Tuesday
ulght each month.
MASONIC, etc.
Toccoa Lodge, No. 309,meets in Edwards
Dance Hail Friday lie.fore the second
Skbbath in each month at 7:30 p. m. W. M.
E. A. Kbehk,
J. J. Height, Secy.
Royal Areannm, Council No. 110(1, month meets
second and fourth Mondays in each
at 7: 30 p. m. In Edwards and Dance Hall
• James Wilson, Regt.
J. J, Bright, Secy.
improved Order of Red Men meets every
third Sun at the eighth run.
N. A. Fbusbxdbn, Sachem.
B. R. Hill, C. of R.
440r»i »i*teict.
Justice. Court third Wednesday in each
3 * ‘ 4 ‘
L. P. Coax Justice of the peace.
E. L. Goona Notary Piiblic.
churches ;
Baptlst Church E. A. K«nwc, pastor .service*
second and fourth Sabbath at fl a. m. and
1A0 p. m. Sabbath School each Sabbath 10
a. m. T. J. Jackson, 8npt. Public Prayer services
Wednesday 7:30 p. m. : cordially
Invited to attend.
ro. and 7:B0p.m. Sabbath School 10 m in.
: vlwti to wi tne#e
Advantages of Toccoa.
1. Locate ti* JunrfloB of IMcMwontl A
Danville and Elberton Ait-Mnc railroads,
\ half miles from T«veoa
in Curmboe moootiiin; IS
***-:M?
and and forty foot above
sc of »
.
SraL-’-^WV BffftlSt _• *- '
LiAt
MM-w’TMHfe — J Public
-i: y? r -
T0CC0AREALESTATEExcl, “* e
Rent, Sell and Exchange Property
We are prepared to give close attention to this branch of our bush
ness. We have now on file applications for information as regards our
city and this section. We can rent and-we can collect the money, too
and we charge so’little and the trouble is off of your hands—in fact you ’
will wonder why you did not get uf to attend to it before.
List j our property with us and let us sell same-—but do not put a
price on it so high that the Vanderbilts could not buy it—we will sell
it at a fair price. See us at the Times office and tell us about it.
No. 1—S Room House, good well water,
lot 100x147 neat Round House. Close in.
No :!.—3 Room House nicely painted cor¬
ner Oak and Tugalo St., lot 110x200 It.,
good well of water.
No.3—4 Room grouse nicely painted cor
ner Oak and Tugalo St lot 110x200 ft.
Close in.
No. 4—3 Room Ilonse nicely painted cor¬
ner Oak and Tugaio St. lot 110x200 ft., ail
close in town and good neighborhood,
Toccoa Real Estate Exchange,
TOCCOA, OA
o< 011 Absolutely
Bkydes - ifcc Best,
Weighte d
J—
.
, Styles
'EigSsst Hfisurs a* ilia Ward's ExesdllJS*
Seed twa’sezt stamp tor our £4-page Catatezue—A work of Art.
Monarch Cycle Company,
Retan SAiesroon, 8 So Wab«sh Av»„ Lake end Halstcd 5 vs., CHICAGO, ILL.
JOB i PRINTING
,_.v
When you are in need of fine Job Printing
Send or Calt on THE TIMES, Toccoa, Qa
We guarantee the best Work and the Price
to be the Lowest. - *. >
feir/sr a
M ■ CfTALCSi *> ’ •
Nt,.
Otrj* coops ms ths Ssst Zi
Oort Pnrc&s vhm aomsst r
t(q
■**
a y ___#a.tl ■■j
_
X*»btt - <
■ c S
If YOU BUY IT SOW.
i* ..
Sh
; ---V ‘ mm
Your Prop -
erty with us, if
you want to sell