The Cleveland progress. (Cleveland, White County, Ga.) 1892-1896, April 06, 1894, Image 1

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Newspaper Page TextTH LE CLEVELAND PROGRE !SS. m JOHN It. a LEX. DEVOTED TO THE MINING, AGRICULTURAL AND EDUCATIONAL INTERESTS Of OLEVELAND, WRITS OOUNTTAND NORTH EAST GEORGIA. TERMS.-—One Dollar Ter Tear. VOL. TIL CLEVELAND, WHITE COUNTY, GA., FRIDAY, APRIL (J, 18.94. NO. 14. RICHMOND & DANVILLE R R. Samuel Spoucer, F. \Y. Huiilokuper mill Ruben Foster, Receiv. vs. Allnutn A ( Inulotlo Vi •Line Division. Condensed Sclicdu! of PftSflcii;er Tra ns in Effect I)t \ 24, 1893. Yes. Lini Mi Noiminoi ND. : No. 38. N i 12. Eastern Time. Daily. Daily. | Daily. Lv Atlanta (C.T. 2 OOn’n 5 15 pin j 8 50 am Ly Atlanta (E. 1'. 1 OOpin' i\ 15 pm j 0 5) am t li in blue .... 10 28 nUl Noreros* ... f. 55 pm' 10 39 am Duluth 10 50 nm Siitv.inec .. . 11 01 Hill Rulor 1. 7 2fi pui 11 18 am ! lowoi \ li much | 7 87 pm 11 20 am (hliWaVllle 'i : J pm 7 .*4 pm 11 40 am Lulu 815 pm 12 10 pm lit ! till! . . . 12 12 pm < ’orncliu 12 35 pm Mt. Airv 8 12 pm 1 00 pm Tocooa 9 08 pm l \9 pm IN ext minster.. 0 43 pm 2 09 pm Scnt'cn. U IH) pm 2 31 pm Central. 0 2' pm 8 10 pm Rostov* 10 .<5 pm 3 4 ( > pin GreenviHr. . .. 5 oOptn 1 10 pm 4 10 pm Give ix 11 13 pint 4 :'.i pm Welllmd ... l I t pm Spartanburg... G 22 pm 2 15 am 1 5 ‘-’I pm C.'hfton .. COH*|)0JH ■H i pin Gaffiicvs.. \ 08 am ti 07 pill BlackJnux ... (irovt r Kins’* Mo’nt’u O nut on ; a I 11 pm! 1 19 am 1 1 15 um 2 07aui 0 2G pm G 39 pm G 55 pin 7 21 pm 7 35 pm Lowell . . . lit llemont .... . 4.» | in At Charlotte S 29 pm 2 50 ami S 111 1*11 Yes lan fust M.’ No. ;i. Daily. SOUTH NY A HD. DiiilV, No. 85, Daily. Lv. Charlotte 9 35 am 10 o0 pn 12 (Ml n’n fioH'inont 12 27 pm I,MV,-II ! 2 37 pm Gastonia 11 20 pn 12 50 pm Kind’s Mount’ll 1 i9pm Grov r 1 37 pm lfiuckubarg .... i(» 49 am .2 05 an 1 47 pm Gaffney I 3 07 pm UowpenB 2 85 pm Clifton i i 37 aii 2 89 pm Hpartanbnri;.. 12 57 an 3 00 pm W. Ilford 3 20 pm Greers.... 12 28 pn 3 8G pin Gro nville Eiudc vs j 1 ;»2 an 4 05 pm 4 37 pm Central | 2 40 an ! 5 20 pm Seneca. | 8 01 an 5 45 pm Westminster... 0 o3 pm I Of <;o | I 8 49 an . «> v.O pm Mt. Aiiv ! Tztljn.. Cornelia i 25 pin Bell ton | ( 50 pm Lula j 1 4 .in ( 7 52 pin Galno-ville... . 3 29 pn 4 59 an I 8 B) pm Flowerv Brunei : 9 40 pui Buford : 8 54 pm Muwnnec 9 07 pm Duluth 1 0 20 pm Nor cross 9 30 pm Chninbl' < 9 4 2 pm Ar. Atlanta (C.'l. l r >5 PR 5 20 un 9 15 pm Ar. Atlanta ( K. 1 •1 55 pn <; 20 m .10 15 pm Additio ml tiaina Aof. 17 and 18—Cornelia a •<; mmodatioii, daily exotfpt hiiudav, leaven Atlanta 4 00 p ni, (C T ), anivis Cornelia 8 15 p ni. lloturniny leaven ( ornelia ti 15 a in, anives Atlanta s 15 a in. Non. 15 mill it* (shun'ays only); leavn Atlanta 2 50 p in, (C.T.) arrivi Cornelia 0 50 p iti. Re turning leave Cornelia 8 00 a in in rive Atlanta U 50 a m. Botwcen Tocooa and Klborton— Nos. 03 and V daily, except Sunday leave Tocooa 7 00 a in and 1 10 p m, arrive EUwrton 10 55 a ni and 4 '20 n m. Returning, No. 03 and 12daily, except Sunday, leave Elbert on 1 15 p in and 7 00 a in, and arrive Toccoa 5 30 p ni aud 10 25 a in. Pullman C«»r Serve Nim. 85 and 30 Rich mond and Danville Fast. M-il, Pullman Sleeper between Atlanu and New York. Now. 37 and 38 Washington and Southwest ern Vestilulled Limited, Iw.twcni Now York and NflwOrleans Through Pullman Hlo- pern betw •• n New York an 1 Now Orleans, and Washington ami Moinphi‘ : , via Atlanta and Birmingham. Noi*. 1! and 12 Pullman Sleeping Car liotwi en Richmond, Danvdle ami (1 rotnsboro. For do ailed information aa to local and through time tables, infos and Pullman nr reservation*, citnfi r with local agent* or mid re h W A. TURK, S. 11. IIARDW1CK, . Gen. P.«ss. Ag't. Ahs’t (ion. P. Agf. VTasliingmii, l), c. Atlanta, Ga. J. A. DODSON. Hnperhitcn lent, Atlanta, Oa. W. 11. OliKEN, SOL II \ AS, General Manager, Traffic Malinger. Washington. D. C. Washington, D. C. <u: nlhal immtouy. Yoiirtli l odge, F. A A. M.. No. 3*2. • LJ-.VKLASD, UA. Monthly communications fourth Sat - urdays tit 7 p. m. Z. 'J'. Logan, NY. M J. C. Bell, S. NY. J. I). Conley, J. NY. J. J. Kimscy, S. I>. A. M. Dean, XreftM. S. L. Brown, J. I). .1. NY, H. Underwood, See. CHURCH DIRECTORY. Baptist—Services every third Sun day and Saturday before- li o’clock a. in. Sunday school every Sunday morning —9 o’clock «. m. All are in vited to attend, especially non-church members. Jons .1 Kimskv, pastor. Methodist—Services every fourth Sunday at 11 o’clock a. in. Sunday school at 9 a. in. All have u. cordial invitation to attend. Prayer meeting at the church every Wednesday even ing at 7 o’clock. NY. H. Simmons, Pastor Schedule of Arrival and Departure of Cleveland Main. Leave. Arrive*. Lula, daily except Sun. ! fi arn. 7 pm. Blaireville, “ “ 7 am. 5 pin. Haysville Mon WedFri I 6 am. 7 pm. Wahoo Tiles Thur Sat ; tj am. ; 3 pm. Alto Tues Sat. 7 am. | t> pm. JNO. li. GLEN, J\ M. JUDICIARY. J, C. Wellborn, Judge S. C. Howard Thompson, Solicitor. Court convenes second Monday in April and October. COUNTY OFFICERS. NY. B. Bell, Ordinary. S. L. Brown, Shelitt. W. R. Power, Clerk S. C S. N. Black, Tax Collector. J. M. Chapman, Treasurer. C. L. Franklin, Tax Receiver. J. NY. Fain, Surveyor. (t. N. Colley, Coronet. R. T. Kenimeh, A. P.NVilliams, Ma rion Cootey. Countv ConimissionevK, JUSTICE COURTS. Blit. Rtixii. 1499 List,, Second Saturdays in each month. Stove Ash, J. 1\, B. J. Beach, N. P. and J. P. White Creek 1441 List., First Saturdays in each month. NY. I. Hum phries, J. P., J. S. Brownlow, N. I', and J. P. Mr. Yon ah —SOI List., J. II Free man, .r, 1\, G. B. Jarrnrd, N. P. and J. I*. Third Fridays in oftMi month. Mossy Creek 120 Dint. Third Saturdays in each month. F. A. Alexander, J. P.; M. B. Mouro, N V and J. P. Xacoochei: 127 Disl., First. Satur days in each month, Hiram Caiman, J. P. ; J. li. UuMisdeil, X. P. andJ. P. Shoal Creek S02 Disl.. Fourth Saturday-; in each month, Jim. Bow . n, J P.; J A. OTvolley, X. P. and J. B. Bi.ik It it elk 721 hist., Second Suturdavs in inch month. It. I*. Kin ney, J. 1*. ; J. B. Robertson, X. P. and J. I*. Tessa tee 558 List., Fourth Satur days in each mouth, dim. Mnppin, J. p.; J. (\ Bell, X. 1’. and J. P. 'Tows Creek 880 List.. Third Saturdays in each month, Hughes Allen, J. P : J. K McAfee, N. P. and J. P. ("iiattahooeuei. 1 197 l>ist., Secoin Saturday in each month, R. F. West lnoivlnml. J. P.: J. H. Westmoreland X P. and J. !\ BUSINESS REVIEW. Rrpnrl uf Trade for the Past Meek by Dun A Co. R. G. Dun A Co.’s weekly review of trade says : It is perplexing to bo obliged to report that business grows larger in volume, at the same time not more profitable. Uncertainty does not diminish, but hr. • rather increased in the judgment ol rr.ntiy commercial bodies that have urged the president to veto the seigniorage bill. Prices of commodities do not rise, but are on ti v whole, about 1.5 per cent lower tha*< last week, though then the lowest ever known in this country and arc' 12.9 per cent lower than a year ago. No morn gold has gone abroad, and stocks average only 8 cents per £100 for railroads than last week and exactly the same for trust •docks; but Home foreign purchases and the intervention of a holiday explain the steadiness. More mills are at work, though the portion of productive force employ cd i :<ti!l from a fifth to a third in different branches of indus try, and many mills am stopping be cause their orders have run out, even while a large number are starting, with orders enough for a time. The prospect of getting constant or remunerative employment for works and hands docs not change. The fact that orders keep only part of the force •it work, while both prices and wages lend downward, though spring is near at hand, renders present business less profitable and the future less promis ing. Mills are getting orders enough to start and others, which have Ailed or ders in sight, stop without trusting to future trade. The d« niaiul for cotton goods is fairly large, but with reduc tion in prices of some grades, and Die accumulation of print cloths continue. A large auction sale of silks brought fairly satisfactory prices. Soles of wool for three weeks have exceeded last year’s 28.9 percent, though trans actions this month last year were about 10 per cent below the average. '.The volume of domestic trade mea sured by clearings for the week lias been 82 1 10 per cent, smaller than last year and outside of New York 17.9 per cent., the decrease being then* less, but at Now York greater than the previous week. There is a mom en couraging increase than for many months in castbouud tonnage from Chicago, and at Indianapolis the movement is almost as large fts last year, while westbound tonnage of high class merchandise is also large. NVith long delay in fixing the basis of taxation, treasury embarrassments increase, and since, the Bland bill passed the government bonds recently purchased are quoted at prices below the cost with interest. The failures for the week ending March loth involved liabilities of only £2,558,818, and for two weeks of March only £t,8A5,110, of which £2,330,257 were of manufacturing and £2,440,009 of trading concerns. Homo deferred reports will further swell the aggre gate, but at Ban Francisco the resump tions reported now exceed the failures. A number of railroad receiverships ore noticed, though none of importance. 'The failures this week number 244 in the United States,against 217 last year, aud fifty in Canada, against twenty-six last year, it is noteworthy that Cana dian failures are considerably increas ing. _ There Is No Chin as e Language. A writer holds that ’< 'bin. lun- guag«*" h ti misnomer. "There is,” he say- "no such thing as a Chinese language any mom than there is a European JuugtiHgc. A Canton man cannot understand an Amoy man. and I have seen two Chinamen sitting together with a third one acting as an interpreter. Pidgeon Knglisli is Un common tongue of commerce. 1 lias a vocabulary of les- than a thou sand words, but )< sufficiently flexi ble to answer any purpose.” Were* China but an island or a series of islands, instead of half of a large con tinent. and were Unis open on oil sides to Un omnipresent language carrying British steamer, it is within the bounds of probability t hat pigeon English would, ere now, have replaced the national tongim to such an ex tent as to cause intense alarm to reign in the Chinese Chauvinistic camp.—| New Orleans Picayune, BLAND BILL VETOED. after coined ns nit gut ho necessary to provide for the redemption of the treas ury notes Issued on Its purchase, and that “any gala or seigniorage arising such coinage shall lie accounted for and paid into the treasury.” T1IE SElONlOHACn: 1)121*1NEl). Tlds gain or aclgnlorngo evidently indi cates so much bullion owned by tin? gov ernment as should remain after using a sufficient amount to coin as many utand- Prcsiilcnt Cleveland lias vetoed the ‘ nrd silver dollars as should equal in The President Rejcc's the Measure and Gives Bis Reasons Therefor. Full Text of His Message as Sent to the House. Bland Seigniorage bill, and in a mes sage to tli • house he explains his reas ons for not approving the measure. Following is the lmssago in full: To tin* House of Representatives: I return without my approval house number of dollars represented by treas ury notes issued in payment of the entire quantity of bullion! These treasury notes now outstanding and in circula tion amount to £152,951.280, and although there 1ms been thus far but a comparatively small amount of this 1ml- hlll numbered 4950, entitled “An act lion coined, yet the so-called gain or directing the coinage of silver bullion seigniorage, as ubovo defined, which held In the treasury, and for other pur would arise from the coinage of the poses.” j entire mass, lias been easily ascertained My strong desire to avoid disagreement to be a quantity of bullion sufficient to with those in both houses of congress make when coined fifty-five millions, one who have supported this bill would lead , hundred ami fifty-six thousand six lmn- lun to approve It if 1 could believe tlmt, dred and clghty-ono standard silver dol- the pulhic good would not la* thereby lars. endangered and that such action oil my part would be a proper discharge of offi cial duty. THE QUESTION OV PARITY. Considering the present Intrinsic rela tion i»et\vecu gold and silver the main- lmismueh, however, as 1 am unable tenmico of the parity between the two to satisfy myself that the proposed legls- 1 nictate, ns mentioned In this law, can latIon is either wise or opportune, my j mean nothing less than the maintenance conception of the obligations and re- j n f H uch parity In the estimation and eon- MponsiliiliticK attached to the great fidenco of the pfltftplc who use our money in oilier 1 hold, forbids indulgence of my j their daily transactions. Manifestly, main- personal desire and inexorably confines 1 nutanee of tills parity cun only he nccom- me to that course wlilcli Is dictated hy 1 ,,ii H lied so far as it is affected by these my reason and Judgment, and pointed , treasury notes and In the estimation of mit hy sincere purpose to protect and ^ ( |ie liolders of the same by giving to promote the general Interests of people. EAST YEARS PANIC.'. The financial disturbance which swept over the country during last year was unparalleled in Us severity and disas trous consequences. There seemed t o lie almost entirely a displacement, of faith In our financial ability and loss of confi dence in our IIhciiI pollry Among those who attempted to assign causes for our distress, il was very generally conceded that the operation of tin* provision of the law then in force which required I ho government, to purchase monthly a large amount of silver bullion and issue Its notes in payment therefor, was either entirely, or to a largo extent, responsi ble for our condition. This led to tin* repeal, on the first day of November, JH93, of this statutory provision. Wo lim! fnllwi ho low In tlie depths of imrtl.* and In ..nr federal Htnt.it™. It Im .U-nn nHlmi iin.l tlml.lltv nn.l npprehon- nowl.oW! mow . '»plinUcnlly rccognizml hlnn, Intel HU completely tfiilnoil control limn In the l-coent which repealed In llimn.-lnl cIWIch, thin our rapid reeu- i the proviHlon under which the bullion pernt eould not bn rciHonnlilv | now on ImiHi*^ pn .dinned. Thin law pel-led. Our recovery linn, novertlielenH, | IiirImIh upon the - mnlnlenmi.-o ol tliepnr- Hlendllv proBreHHcd, nnd. though Ickh I "> 1,11I|( - v,lhl,J , V f tho colon of the two such holders, on their redemption, tho I coin, whether it is gold or silver which 1 they prefer. | H follows that." while, in terms, the law leaves tho choice of tho coin, to he paid on such redemption 1o tho discre tion of the secretary of tho treasury, that discretion, if opposed to the de mands of the holder, Ih entirely inconsis tent with tho effective and beneficial maintenance of the parity between the two metals. j If both gold and silver are to sorvo us as money, and if they together are to supply to our people a safe and stable currency, the necessity of preserving this parity Is obvious. Ql’OTKH THE ELATFORM. Such necessity has been repeatedly eon- eded in tho platforms of both political than five months have elapsed sinco tho jvpool of the mischievous silver purchase requirement, wholesomo improvement Is unmistakably apparent. eon Fin r:\cK largely restored. Confidence In our absolute solvency is to such an extent re Install'd, and faith in our disposition to adheres to sound financial methods is so far restored uh to produce most encouraging results, both at home and abroad. Tho wheels of domestic Indus!r.v have been slowly set in motion, nnd the tide of foreign in vestment has again started in our di rect ion. Our recovery being so well under way, nothing should be done to check our convalescence, nor should we fOl’get that ii relapse at (IiIh time would almost sure ly reduce us to a lower Hinge of financial distress than that from which we aro Just emerging. IT WOULD RETARD (.'ONVALEBCENOH, I believe that If tho bill under consider ation should become law, it would lie re garded as retrogression from the finan cial intentions indicated by our recent repeal of the provision for the coinage of silver bullion purchases; Hint It would metals and “'lie equal power of every dollar at all times In the markets and in payments of d» bn- 'The secretary of the treasury bus, there fore, for the bird of reasons not only promptly coinf»iD .1 with every demand for the redemption of ilieso treasury nnti'H III gold, but ' In-present sit uni Ion us well as tho letter nnd spirit of the law njfponr plainly to justify, if they do not enjoin, upon him the continuation of such redemption. tiii: conditions st mmari/.ed. The conditions I have endeavored to present may he thus summarized : First, the government has purchased and now lies on hand sufficient; silver bullion to penult the coinage of nil the silver dollars necessary to redeem in such dollars, the treasury notes issued for the purchase of said silver bullion, and enough besides to coin as a gain or seig niorage fifty-fivemillion onohuudred and liny six thousand six hundred nnd eighty-one additional standard silver dollars. Second, there a re outstanding and now in circulation treasury notes issued In payment of bullion purchased amount- weaken if It did not destroy Hie return- lug to £152,951,280. These notes are lag faith and confidence In our sound legal tender in payment, of nil debts, puh- fimincial tendenci qnonce our progre and that. : i to renewt ' ' conse- j lie and private, except when other) i business ( expressly stipulated. They arc* reeeivn health would Is* unfortunately checked, J hie for customs, taxes and all public dues. auda return to our recent distressing plight seriously threatened. When held by bunking associations, they limy be counted as a part of tJielr lawful 'Tills proposed legislation is so related ; reserves and tliey are redeemed by tho j the currency conditions growing out government 111 gold at the np- of the law compelling the purchase; of sil ver by the government that n glnnco at such conditions and a partial review of the law referred to may not be unprofit able. Between tho fourteenth day of August, 1890, when the law became operative, und Hu* first day of November, 189.*', lion of the holder. These advantageous attributes were deliber ately attached to these notes at the t ime of their Issue. 'They are fully understood by our people to whom such notes Jinv» been distributed ns currency, and havi inspired confidence in their safety and value, and have undoubtedly thus In- rhen the clause it contained directing ! duced their continued and contented the purchase of silver was repealed, there were purchased by tho secretary of f ho treasury more than one hundred and sixty-eight millions of ounces of silver use ns money Instead of anxiety for their redemption. Sl’EClFIC OIUEOTIONS STATED. Having referred to some Incidents bullion, and in payment for this bullion , which I deem relevant to the subject, it the government issued its treasury notes remains for me to submit a specific slate of various denominations amounting to ment. of my objections to the bill now nearly one hundred and fifty-six millions under consideration. This bill consists of two sections, ex- of dollars, which notes were immediately added to the currency in circulation among our people. Such notes were, by law, made legal chiding one which merely appropriates a sum sufficient to carry the act into effect. 'The first section provides for tho immedi tender hi payments of ull debts, public nto coinage of the silver bullion in the und private, except when otherwise ex- treasury, which represents the so-called pressly stipulated, and were mado receiv- gain or seigniorage or which would able for customs, taxes and nil public arise from the coinage of all the bullion dues, and when so received might lie re- on hand, which gain or seigniorage this Issued. They were also permitted to bo section declares to be £55,150,081. held by banking associations as part of directs that tho money be coined, or eor- their lawful reserves. On demand of tilicntes issued thereon shall ho used in holders these treasury notes were to bo the payment of public expenditures, und redeemed in gold or silver ccUn.in the die- provides that, if the needs of tho treus- eretlon of Die secretory of the treasury, but it was declared as a part of this re- Jemption proivsion that it was iiry demand it, the secretary of tho treas ury may, in Ids discretion, Issue silver certificates in excess of rfuch coinage, not established policy of the baited States to exceeding the amount of the seigniorage, maintain the two metals on a parity with each other upon tho present legal ratio or such ratio by law.” In said section authorized to be coined. The second section directs that, may be provided soon as possible after the coinage of tills •Igniorage. the remainder of the bullion Money coined from such bullion was to held by the government shall bo coined bo standard silver dollars, and after Into legal tender standard silver dollars, directing the immediate coinage of a fit and that they shall bo held In the Irons 1I<- less than twenty eight millions of ury for the redemption of tho treasury ounces, the law provided that as much notes issued in the purchase of HaidbiilJ- nf the remaining bullion should be there- ion. It provides that, as fast as the bullion shall be coined for t he redemption of said notes, they shall not bo reissued, but shall bo canceled and destroyed In amounts equal to coin held at. any time la the treasury derived from the coinage provided for; and that, the silver certifi cates shall he issued on such coin In the manner now provided by law. It Ih, however, specially declared in said section that tho act. shall not be construed to change existing law relat ing to the legal tender character of the mode of redemption of the trenssury notes issued for the purchase of silver bullion to be coined. its unfortunate construction. Tho entire bill Is most unfortunately constructed. Nearly every sentence pre sents uncertainty and invites contro versy as to ith meaning and intent. The first section is especially faulty in this respect, and it is extremely doubtful whether ith language will permit the consummation of ith supposed purposes. I am led to believe that the promoters of the bill intended, in 111iw section, to provide for the coinage of the bullion con stituting the gain or seigniorage, ns it is railed, into standard silver dollars, and yet there Is positively nothing in the sec tion to prevent its coinage into any des cription of silver coins now authorized under any existing law. 1 suppose tills section was also intended in case the needs of the treasury called for money faster than the seigniorage bullion could actually In* coined to permit the issue of silver certificates in advance of such coin age, but ith language would seem to per mit the lssuanco of such certificates to double the amount, of the seigniorage as stated, one half of which would not rep resent nil ounce of silver in tho t reasury. The debate upon this section in con gress developed earnest and positive difference of opinion as to its object and meaning, in any event 1 am clear Hint tIk; present perplexities and embarrass ments of tho secretary «»f tho treasury ought not to be augmented by devolving upon him t he execution of a law ho uncer tain and confused. 1 am not willing, however, t o rest my objection to this sec tion solely on these grounds. THE USE OF HH,VEIL lu my judgment sound finailrcdoeH not commend tho further infusion of silver Into our currency at this time, unaccom panied by further adequate provisions for the maintenance in our treasury of a tmfc gold reserve. Doubts also arise as to the meaning and construct Ion of Hie second section of the bill. If tile silver dollars therein directed to bo coined are, as the section provides, to be held in tho treasury for the redefinition of treasury notes. It ih suggested that, strictly speaking, certifi cates cannot, be Issued on such coin “In tho manner now provided by law” be cause these dollars aro money held in tho treasury for the express purpose of re deeming treasury notes, on demand, which would ordinarily mean that; they were set apart for the purpose of substi tuting them for these treasury notes. 'They are not, therefore, held In such way as to furnish a basis for certificates according to any provision of existing law. If, however, silver certificates can properly be Issued upon these dollars, I here is not hing in the section to Indicate the characteristics and functions of these certificates. If they were to be of the same character as silver certificates in circulation under existing laws, they would at bent be receivable <^iiy for cus toms, taxes ami all public dues; and under Hie language «»f this section it Ih to May the least extremely doubtful whether the certificates it contemplates would be lawfully received even for such purposes. Whatever else may he said of the uncer tainties of expression in this bill, they certainly ought not to be found in legis lation affecting subjects so Important and far reaching as our finances and cur rency. In stating oilier and more important reasons for my disapproval of this sect ion, I shall however assume that under Us provisions the treasury notes Issued in payment for silver bullion will continue to be redeemed /is heretofore In silver or gold at the option of the holders, and that if, when they aro presented for re demption or reach t he treasury in any other manner, there aro In the treasury coined silver dollars equal in nominal value to such treasury notes, then, and in tlmt. case, the notes will he destroyed and silver certificates to an equal amount he substituted. ILL-ADVISED AND DANGEROUS. I am convinced that, this scheme is ill- advised and dangerous. As the ultimate result of iis operation, treasury notes, which are legal tender for all debts, pub lic and private, and which are redeema ble in gold ami silver at the option of tho holder, will bo replaced by silver certifi cates which, whatever may he their char acter and description, will have none of these qualities. Iii anticipation of the result, and as an immediate effect, treasury notes will naturally ap preciate in value and desirability. Tho fact that gold can bo realized upon them nnd tho further fact that their destruc tion has been decreed when they reach tho treasury, must tend to their withdrawal from general circulation, to be Immediately presented for gold re demption or to be hoarded for presenta tion at a more convenient season. WOULD DECREASE THE GOLD RESERVE. The sequel of both operations will be a large addition to tho silver currency in our circulation and a corresponding re duction of the gold in the treasury. Tho argument has been made that these tilings will not occur at once, be cause a long time must elapse before the coinage of anything but the seigniorage can be entered upon. If tho physical effects of tho execution of tho second sec tion of this bill are not to bo realized until far in the future, tills may fartiish a strong reason why 'It should not bo passed so much in advance, but a post poncment of its actual operation cannot prevent the fear und loss of confidence nnd nervous precaution which would im mediately follow 11h passage und bring about iis worst consequences. I regard tills section of tho bill ns em bodying a plan by which the govern ment will bo obliged to pay out its sennty store of gold for no other pur pose than to force mi unnatural addition of silver money into tlie hands ofourpoo- plo. This Ih an exact reversal of tho policy which safe finance dictates if wo aro to preserve tlu* parity between gold and sil ver and maintain sensible bimetallism. Wo have now outstanding more than three hundred and thirty-eight millions of dollars In silver certificates 1 sailed under existing laws. They are serving the purpose of money usefully and without question. Our gold re serve, amounting to only a little more than one hundred millions, of dollars is directly charged with tho redeniptionof three hundred and forty-six millions of United States bonds. WOULD TEND TO MdNOMETALIHM. When it is proposed to Inflate our sil ver currency it. is time for strengthening our gold reserve Instead of depleting It . 1 cannot conceive of alougerstep toward silver monoinetalisni than we lake when wo spend our gold to buy silver certifi cates for circulation, especially in view of the practical difficult ies surrounding the replenishment of our gold. Till* leads me to earnestly present tho desirability of granting to the secrotary of the treasury hot ter power than now exists to Issue bonds to protect our gold roHerve when for any reason It should bo necessary. < Utv currency is in such a con fined condition und our financial affairs are apt to assume at any time so critical a position tlmt It seems to me such a course is dictated by ordinary prudence. FAVORS COINING SEIGNIOR AGE. I am not. Insensible to the arguments In favor of coining the bullion seignior age now in the treasury, and I believe it could lie done safely and with advantage If the secretary of the treasury had the power to Issue bonds at a low rate of in terest, under authority in substitution o» tlmt now existing and better suited to I ho protection of the treasury. I hope a way will present it xelfln tho near future for the adjustment of our monetary affairs in such a comprehensive) and t oiiHervative manner as will accord to silver its proper place in our currency, but, in the meuntinie I am extremely solicitous that, whatever action wo take on this subject may be such as to pre vent, loss and discouragement, to our peo ple at. home and destruction of confi dence In our financial management abroad. Grover Cleveland. Kxcciitlve Mansion, March 29, 1894. Affairs of Government and Nows of l lie Departments Discnsssi. Nates ol‘ fate rest Concerning the Peo ple and Their General Welfare. Tin* river and harbor bill has been completed and adopted by tho com mittee. It, appropriates about nine und u hair million dollars. Thu house committee on agriculture lias perfected the Hatch anti-option bill and directed Mr. Hatch to report it to the house favorably. The vote on the bill was 12 to 2. Speaker Crisp and twenty or thirty other demoerats visited tho president Wednesday morning in behalf of tlio Bland seigniorugo bill. They urged the president to npprovo tho bill. Thu Pollard-Breckinridge case bus developed tho fuel that, there is no law in the District of Columbia for the punishment of soduction. Congressman Morse, of Massachusetts,hasintroduced a bill which contains the text of the stringent Massachusetts law on this subject. NVedncsday morning the senate committee on foreign relations discuss ed the proposition to lmek the Nio- uiHUgiiun canal with bonds to bo se cured by tho government and the Chi nese treaty, recently negotiated by Secretary Gresham, but no action was taken on either matter. I t is stated upon good authority that tlio Earl of Kimberley’s explanation of the situation given to United States Embassador Bayard, at an interview, concerning the carrying out of the findings of the Behring sea court of arbitration, were entirely satisfactory. A bill giving legal operations to the provisions of the court’s findings will la: presented to parliament and every efifort be made to expedite its passage. lu a communication sent to the house Wednesday, Attorney General Olncy says that ,1 the £200,000 recent ly appropriated us an urgent defici ency for fees for witnesses, £31,000 lias been distributed as follows: North ern district of Georgia. £0,000; south ern district of Georgia, £2,000; north ern district of Alabama, £1,000; mid dle district of Alabama, £3,000, and £5,000 for Florida. An additional ap propriation is un urgent necessity the attorney general says. The president sent to tho senate, 'Thursday, the following nominations: J. L. Cottrell, of Florida, to be col lector of customs for the district of St. Murks,Fla. ; W. A. Fitch, of Texas, for the district of Balurin, Texas; D. G. Brent-, of Florida, for the district of Penaaoola, Flu. ; J. M. Harris, of Tennessee, surveyor of customs for the port of Memphis, Term. Post masters S. 1). Rice, Florence, Ala. ; Herman fiorzberg, Gadsden, Ala.; C. H. Leg gett, Fcruandina, Fla. Longevity is by no means a thing of tin; past in England. Tho average age of the persons whoso obituaries appeared in the London Times during i be course of a whole week last month was between 80 aud 80 years, and such ’a record is «»id not to be uncommon. red Upon Him, lit. Snjs lie Musi I’til \slrt(> Ills Ambi tion for Duty; Clmrlos F. Crisp lnw declined to ac cept tlio appointment to bo senator from Georgia. Actuated by rvliat ho believes to lie his duty to ii is party, lie refuses tlio grout prize— n prize which it is Ids ambition to secure, llo clear ly and frankly sets forth his reasons for declining in bis telegram to Gover nor Northern. There hud been rumors that lie would decline, aud his action wus not, therefore, a very great sur prise to tho governor. The telegram was <piite a long one and is as follows: Sl'EAKEll OniSl-’s DECLINATION, “lion. W. .1. Northern, Governor, Atlanta, Ga.: I have an ambition to represent Georgia in the senate of tho United States and appreciate most highly the appointment you have given me; but for tliu present, at least, I must put aside my. ambition. I was, as you know, unanimously nominutud speaker. In accepting this office, I have incurred obligations to our party throughout the country. A very largo majority of 11m- democratic members have united in a request, 1 lint for the remainder of this congress X eontinuo in the position to which they have elected me. They base thin request upon grounds which I cannot in modesty repeat, but- which I cannot in duty ignore. As speaker .1 feel to some extent responsible for tho action of t-lie house, I feel a pride in its or ganization, and have a settled purpose, so far as my influence extends, to linvo brought before it and havo voted upon, bills which, if enacted into laws, will re deem to the fullest extent our party pledges. This, f think, will serve tho in terests of tho people of Georgia. Iam grateful to you for the honor you havo done me. I am grateful to tlio nu merous friends throughout tlio state who lmvo seemed pleased with and who have urged my acceptance of this ap pointment nnd beg that you and they will believe wliat 1, in tlio utmost sin cerity say that in declining it f am sueriilcing a cherished ambition to wind. T regard as a sense of duty. “CllAIlLEH F. OllltU'.’' FllOM I'ltEVIOIJS DISPATCHES. Charles Frederick Crisp has been appointed United Btatos senator from Georgia to succeed tho la to Alfred H. Colquitt. This result was reached Thursday night by Governor Northern At tlio same time tlio governor author ized the announcement tlmt lie, him self, would not lie in tho rnoo for t^e senntorship. Name after name was considered, nnd all were men lit to bo senators, but tjm logical man of tho situation, ns it appeared to the.,, governor, was Charles F. Crisp, nnd to him the gov ernor sent the following telegram: “The Hon. Charles F. Crisp, Speaker of the House of Representatives, Wash ington, i). 0. : I Jmvo appointed you to till the vacancy in the United States senate caused by the death of Senator Alfred H. Colquitt. 1 beg that you will at oneo tender mo your resigna tion, so that I can forward your com mission in time for you to take your plaoo ill the senate and lake part in the discussion and settlement of the tariff mensuro soon to come before the senate, “f am pleased to tender to you this appointment, because your distin guished services in tho house havo commanded tho admiration and en dearment of our people, and I Bin quite suro that my action will bo most heartily applauded by them. (Signed) W. J. Noiitiien, • Governor. Whether Speaker Crisp will accept or not he does not know himself. The following private message was received from him: Washington, March 3ll.—Am pro foundly grateful, but taken by sur prise. Had no idea such a thing was in contemplation. Must confer with tlio democrats in the house before 1 can decide whether 1 can accept or not. Ciiahluh F. CitiSP. To Fight Knglisli Capital. A Philadelphia special says: Organ ized labor is soon to engage in u battle that will affect international interests, and may ultimately lead to internation al complications. War to the knifowill ho declared by tho Knights of Labor against twenty or more breweries in St. Louis—controlled by an Knglish syn dicate—and it is stated that before many months thoplunt of every brewery con cerned will bo absolutely idle,aud thut millions of dollars of English capital will become unproductive. Funeral Services Over Kossuth. The funeral services over the re mains of Louis Kossuth were hold in tho Evangelical church at Turin. Tho city was crowded with sightseers und tho streets presented a most remarka ble appearance, owing to tho im mense number of Hungarians in full national costume. Tho streets through which tho funeral procession passed wero lined by munoipal guards, uiul on all sides wore to bo soon mourning emblems and crape-draped lines Won’t Surrender DnGiima. The Now Vork Herald'* Rio dispatch says that tho government of Portugal Inis replied to Peixoto's demands and refused to surrender tho insurgent refugees who sought an asylum on their vessels nftor tlio surrender in Rio har bor. It maintains that to comply with tho demands would bo contrary to tho principles ot humanity uml op posed to all precedents of international law.

Georgia Historic Newspapers

The Cleveland progress. (Cleveland, White County, Ga.) 1892-1896, April 06, 1894, Image 1