The free press. (Cartersville, Ga.) 1878-1883, March 06, 1879, Image 1

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RATES OF SUBSt RIPTION. < no ropy ono year. - - • - $ 2 00 One copy six months, - - - 100 One copy tliroe months, ... r>o CLUB B ATES. Five copies one year, - - - - $8 75 Ten copies one year, .... 15 00 Twenty copies one year, ... 25 00 Lift v copies one year, .... 50 00 ' To be paid for invarriably in advance. \1! orders for the paper must be addressed to THE FREE PRESS. Professional Cards. K. W. TRUTH. J. M. NEEL. TItIPPE & NEEL, A.TTO UN KTB-AT-LAW, CARTERSVILLE, GA. \\J ILL PRACTICE IN ALL THE COURTS, > \ Ixith state and Federal, except Bartow count v criminal court. J. M. Neel alone will practice in said last mentioned court. Otliee in northeast eorner of court bouse building. feb27 ,j\o. 1.. MOON. DOUGLAS WIKLE. MOON Sc AVIKL.E, A t t oj*ne y s - at - L aw, (ARTERSVILLE, GA. Ottlce in Bank Block, over the Postoflice. fcb27 W. T. WOFFORD, A rr 1' o ri NEY-AT-LA W, AND— DEALER IN REAL ESTATE, ( ASS STATION, IJAHToW COUNTY, GA. G. S. TIMLIN, A T T O Ti IST PI Y - AT - Jj A W. ( ARTERSVILLE, GA. \\7TLL PRACTICE IN ALL THE COURTS \\ in Bartow county, the Superior Courts of the Cherokee Circuit, the Supreme Court and the United States Court for the Northern District o' Georgia. dec!9-4mos T. W. 11. HARRIS, A T T O II NT Id Y - A T - LA AY , CARTERSVILLE, GA. PRACTICES IN ALL TIIE COURTS OF J Bartow and adjoining counties, and will faithfully attend to all business entrusted to him. Office over postoflice. decs-ly R. W. Ml Ill'll EY, A T T O UMST K Y - A T - LAW, (ARTERSVILLE, GA. OFFICE (up-stairs) in the briek building, cor ner of Main A Erwin streets. julylß. J. A. BAKER, A T T ORNEY-A T - LA YV , ( ARTERSVILLE, GA. "YTTILL practice in all the courts of Bartow YV and adjoining counties. Prompt atten tion given to all business entrusted to nis care. Office in Bank Block over the post office. July 18. E. D. GRAHAM. A. M. FOCTE. GRAHAM & FOITTE, A H u O 11 Tsr K YS -A t- l a w. CARTERSVILLE, GA. Practice in all the courts of Bartow county, the Superior Courts of Nortli-west Georgia, arid the Supreme Courts at Atlanta. Office west wide public Square, tip-stairs ovei \V. W. Rich & (Jo’s. Store, second door south of Postoflice. julylS. T. W. MILNER. J. W. HARRIS, JR. MILNER & HARRIS, ATTO RNEYS-AT-LAW, CARTERSVILLE, GA. Office on West Main Street. julylS F. M. JOHNSON, Dentist, (Office over Stokely & Williams store.) CARTERSVILLE, GEORGIA. I WILL FIL j TEETH, EXTRACT TEETIL and put in teeth, or do any work in my line at prices to suit the times. trap-Work al. warranted. liefer to my pat rons all over the county. angis-ly. F. M. JOHNSON. JOHN T. OWEN, (At Sayre & Co.’s Drug Store,) CARTERSVILLE, GA. WILL sell Watcnes, Clocks and Jewelry. Spectacles, Silver and Silver-Plated Goods, and will sell them as cheap as they can be bought anywhere. Warranted to prove as represented. 'All work done by me warranted to give sat isfaction. Give me a call. julylS. CHAS. B. WILLINGHAM, Stenographic Court Reporter. [ROME JUDICIAL CIRCUIT. | f MAKE A CLEAN RECORD OF CASES. JL taking down the testimony entire; also, ob jections of attorneys, rulings of the court, and the charge of the court, without stopping the witness or otherwise delaying the judicial pro ceedings. Charges very reasonable and satis faction guaranteed. Traveler’s Ghiide. C l IEROKEE RAILROAD. ~~ On and after Monday, June 10, 1878, the train on this Road will run daily as follows (Sunday excepted): GOING WEST. Arrive. Leave. Cartersville 1:30 p m Stilesboro 2:15 p m 2:20 p m Taylorsville 2:15 p m 3:00 pm ' Roc km art 4:00 pm GOING EAST. Rockmart 6:00 am Tavlorsville 7:00 a m 7:15 a m Stilesboro 7:40 am 7:45 am Cartersville 8:35 am WILLIAM MacRAE, Sup’t. COOSA RIVER NAVIGATION. On and after Monday, November 30th, the fol lowing schedule will be run by the Steamei MAGNOLIA: Leave Rome Monday 9am Arrive at Gadsden Tuesday 7 am Leave Gadsden Tuesday Bpm Arrive at Rome Wednesday 0 p m Leave Rome Thursday 9am Arrive at Gadsden Friday 7am Leave Gadsden Friday 6pm Arrive at Rome Saturday 6pm J. M. ELLIOTT Gen’l Sup*t. ROME RAILROAD COMPANY. On and after Sunday, June 3rd, trains on this Road will run as follows: DAY TRAIN—EVERY DAY. Leave Rome 8:10 am Arrive at Rome 12:00 m SATURDAY EVENING ACCOMMODATION. Leave Rome 5:00 pm Arrive at Rome 8:00 pm WESTERN AND ATLANTIC R. R. The following is the present passenger sched ule: NIGHT PASSENGER—UP. Leave Atlanta 2:45 pm Leave Cartersville 4:38 pm Leave Kingston 6:04 pm Leave Dalton 6:50 pm Arrive at Chattanooga 8:25 pm NIGHT PASSENGER—DOWN. Leave Chattanooga 5:15 pm Leave Dalton 7:05 p m Leave Kingston 8:34 pm Leave Cartersville 9:00 p m Arrive at Atlanta 10:55 p m DAY PASSENGER—UP. Leave Atlanta 6:25 am Leave Cartersville 8:16 am laiave Kingston 8:43 am Leave Dalton 10:20 am Arrive at Chattanooga 11:55 am DAY PASSENGER—DOWN. Leave Chattanooga 7:10 a m Leave Dalton 9:06 am Leave Kingston 10:39 a m Leave Cartersville 11:06 am Arrive at Atlanta 1:00 pm CARTERSVILLE ACCOMMODATION—CP. Leave Atlanta 4:20 p m Arrive at Cartersville • 6:35 pm CARTERSVILLE ACCOMMODATION—DOWN. Leave Cartersville 6:25 am Arrive at Atlanta 9:15 am FARMERS, You will pave money by buying your supplies at THE BARGAIN STORE. LITCHFIELD HOUSE, (Aeworth, Georgia.) K. 1.. LITCHFIELD, Proprietor. ( 10NVi;\(KNT TO THE DEPOT, AND ITS VV tab es supplied with the very best the mark? et afford*. angß. ~usineßS you can engage in; ?5 to * I Y tX oer day'Gv any worker cf either Hex. right in their own localities. Particulars and samples worth $5 free. Improve ycur spare time at this business. Address STINSON & CQo AutfUbta, Mauiv. Ov2B-Jy. VOLUME I. SUCCESS! SCROFULA CURED! Tlic North Georgia Medical In stitute Discharges Another Scrofula Patient! My litttle boy now four years of age was af flicted with the loathsome disease, Scrofula, which exhibited external symptoms at about six months of age. He became very weak, his skin presented a peculiar yellow appearance—bad no appetite, became so very poor in flesh that he was really unpleasant to look at. Large swell ings appeared under his right arm, and finally they broke and continually discharged the most fearfully offensive odor—almost unbearable—his mother could hardly bear to wash and dress the deep-running sores. After the disease had gone on for about a month, we called in our family physician, a man who bore the reputation of be ing a learned and skillful physician. After treating the case for a number of months, he told us that it would take two or three years to perform a cure. However, lie continued to treat the child, but with no manner of benefit as we could see. Indeed, with the painful lancing and unpleasant internal medicines the poor little creature seemed to grow more restless and a great deal weaker. ' About this time myself and wife came to the determination to change physicians, but were greatly troubled as we then knew of no one whom we could trust with more coufideuce than the one engaged. Happily, through the advice of a friend—one who deeply sympathized with us in our dire distress—we were directed to see and consult Drs. Memmler & Johnsonf who had established an Infirmary in Cartersville. Our consultation with those gentlemen resulted in our turning over to them the treatment of the little child, whom we deemed beyond the skill of any earthly physician; but our love for the dear child, who had gone through so much suffering, prompted iffi to leave nothing undone that prom ised the least relief. After thoroughly examin ining their patient, Drs. Memmler & Johnson began treatment. We had given only three doses of their medicine, when we noticed consid erable improvement, and every day thereafter improvement went rapidly on. With nothing but internal remedies, no sore, no plastei-s, no lancing was resorted to by the above named gen tlemen. Simply their internal remedies, after hardly three months’ treatment have performed the cure which it was said required years to ac complish. And now, in conclusion, I invoke the richest blessings of the Great Physician—who looks over all things—to bless and prosper them, and to the alllicted world we feel that we could wish them no greater earthly blessing than to fall under the care and treatment of these gentlemen. If any desire to hear from me directly, they will ad dress me at Cartersville, Ga. Most respectfully, NIMROD X 8 IIOWREN, mark. Sworn to and subscribed before me this 3rd day of February, 1879. .T. W. PRITCHETT, X. P. & J. P. All Chronic Diseases Cured and Surgical Operations Per formed at the North Georgia Medical Institute. MEMMLER A JOHNSON, Proprietors. CARTBRSViLLE GA THE FREE PRESS. THE CURRENCY QUESTION. Speech of Hon. IV. H. Felton on the Fi nancial Policy of the Government. Mr. Speaker: The financial measures of the government, all questions toucli- I ing the supply and demand of money, the present and future status of gold and silver coins, of greenbacks and national currency, continue to excite and interest the American people. I have heard it said since this session of Congress commenced that these fi nancial questions should not intrude themselves upon our deliberations; that in view ot approaching national elections we should seek to suppress rather than ; encourage discussion; that all differences of opinion should be merged into one de sire and purpose to succeed politically, to carry our favorite candidates to a po sition which will enable them to appor tion out tiie offices and perquisities of executive patronage. I also desire earnestly the success of democratic candidates; but this desire is prompted only by the higher considera tion that with the elevation and success of men we may realize the elevation and triumph of certain measures. “Princi ples and not men” should be the politi cal maxim of every American citizen, or ! rather he should recognize men as the representatives and embodiment of cer tain principles which lie seeks to estab lish and perpetuate. It is unfortunate for the material and political interests of that country when undue importance is attached to mere party success, when tiie shibboleths and technicalities of political organizations are placed above measures which are sup posed to underlie and vitalize the indus tries and wealth of the country. It may have been necessary in the for mative periods of the government to de vote much time to the discussion of ab stract political truths; but now abstrac tions must resolve themselves into the practical problems of life and the theories of partisanship must be verified by use ful results. Aspirants for office must remember that the “glittering prize” is only with in the gift of a people who demand ma terial guarantees tor the confidence and suffrage they bestow. These guarantees are good government, economy in all public expenditures, absolute honesty in all official positions, and such financial legislation as promises relief to the em barrassed industries of the country. W hat care the people for the success of any man or combination of men constitu ting a party, if that man or party must be divorced from the measures which tiie popular mind considers essential to the establishment of justice, the promotion of the general welfare, and the secure ment of the blessings of liberty to our selves and our posterity? What care the people for the enthrone ment ol a party if honest industry must go unrewarded and the tax-gatherer must continue reaping the accumula tions of by-gone years? What care the strong-armed multitude for political triumphs which continue their homes and families under the old regime of contraction, of a single-metallic standard of value, of national banks, and of a bondholding aristocracy ? These financial questions underlie and interlace all the anxioms which compose that splendid political creed known as Jeffersonian democracy. In my opinion not one of the fundamental principles of this democracy can ever be established while the present financial system of the government continues in force. It is at war with this democracy, and to me it is strange that any friend of a “perfect union” of all sections of a common country, of equal and exact justice to all men, of the rule and supremacy of a majority of the citi zens as against minorities, and of the rights of the states as against a central ized despotism, should ever consent, by word or by vote, to the continuance of a system that is silently and effectually de stroying these great bulwarks of consti tutional liberty—this system of finance by which the rich and the poor are made to antagonize each other, when nature and personal interest all conspire to place them on a pleasant and profitable rela tionship to each other. Our present financial system is prop ped and sustained in its position by na tional banks. Our solar system does not revolve around its central sun more reg ularly and dependency than our finan cial policy revolves around these char tered monopolies—monopolies which, in my judgment, will prove themselves a commissioned corps of “sappers and mi ners” which will to the extent of their capacity undermine and explode some of the grandest features of our form of pop ular government. Mr. Calhoun, who was probably en dowed with greater foresight than most men, amounting in some instances to al most political prophecy, and who was es-. pecially jealous of all encroachments upon popular liberty, when describing the pernicious results of an alliance bo tween the government and the banks, uses these words: “It behooves us to inquire whether the system is favorable to the permanency of our republican institutions, to the indus try and business of the country, and, above all, to our moral and intellectual development.” lie then proceeds to demonstrate with his usual logical accuracy the injurious influence of the “union of government and banks” upon our political, industrial and intellectual development. Let us remember that the system against which Mr. Calhoun was battling had far less connection with the general government than our present system of banking. He was arraigning at the bar of public opinion one national bank, the charter of which had expired in the pre vious March, the authorized capital of which bank had been $35,000,000, of which capital $7,000,000 were subscribed by the United States government in five per cent, stocks, and $28,000,000 were subscribed by individuals or corporations, one-fourth in specie and the remainder in United States stocks. Its notes were re ceivable in all payments to the govern ment and the public moneys were depos ited in the bank, subject to other direc tions by the secretary of the treasury, the bank to act as the. commissioner of loans for the several states. In addition to this one national bank there were other banks included in this system of banking, which was at the time being criticised and con demned by this most sagacious states man. These were private banks of deposit and circulation, chartered and authorized by the several states. The Bank of North America, which originated with Robert Morris in 1781, and was established by congress at his suggestion, obtained, in additional to its national authority, char ters from the states of New York and Pennsylvania, and thus became the pio neer of that system of state banks which had expanded from one bank in 1781 to six hundred and thirty-four banks in 1837, when Mr. Calhoun was reviewing the system, and from a capital of $400,- 000 to $290,000,000. The state haiike sought the overthrow CARTERSVILLE. GEORGIA. THURSDAY MORNING. MARCH 6. 1879. of the national bank and were delighted at President Jackson’s message ot De cember, 3829, in which he questioned the j constitutionality of the law creating the j national bank. The bank was over thrown. The public deposits, amount ing to some $10,000,000, were removed and placed in charge of certain favored state banks; precisely what those banks desired, because it removed a dangerous r.yal, and placed within their vaults ten j millions of the public funds. From this time certain designated state banks became depositories of the public j moneys, and also commissioners of pub lic loans. They were inseparable from the government, and the government was thoroughly identified with the banks. It was this system of banking, this de pendence of the government upon the banks, and this aid the banks desired from the government, this flnion, this association, that Mr. Calhoun character ized as subversive of our political, indus trial and intellectual prosperity. But,sir, under different names and with increased powers for mischief, the sys tem still continues. The government of the American people and tiie speculators of Wall street are still forced into an un equal alliance. The temple of our liber ties is still profaned by the presence of money-changers. When the ark in which are deposited the tables of “our law is jostled with difficulties” the un clean hands of syndicates and clearing houses, of brokers and stock-jobbers, are thrust forwaul for its protection. The revenues of the government, which some one has said is the government itself, are still under the control and keeping of the banks, and the banks are still the pets and proteges of the government. Bank officers and directors must be conciliated and their co-operation secui’ed before specie resumption authorized by law can become an assured success. Their interest must be consulted and their anger appeased before tiie law re monetizing silver can become Effective. Like the dog Cerberus that guarded the infernal regions and only resisted those who were attempting to escape from Hades, so these banking monopolies keep watch over tiie misfortunes, and embar rassments of the people and of the gov ment, and neither the one nor the other can escape these evils until “a sop” has been thrown to the insatiate monster. In 1863 congress authorized the estab lishment of national hanks, not having a gold and silver basis, but founding their circulation upon interest-bearing bonds of the United States, their bills to he r >- deem able in the lawful money of the United States, and the secretary of the treasury is authorized to deposit the pub lic moneys with them. These hanks now number two thousand and fifty-three, and the amount of their circulating notes on the Ist of last July was $324,514,284. The amount of inter est-hearing bonds held-in trust by the government for these national banks is $368,534,279, on which bonds the govern ment is paying to these hanks, annually, some $18,000,000 as interest. The secretary of the treasury has se lected one hundred and twenty-four of these banks as depositories for the public moneys. Now, to show their connection with the government and the influence they must exert on the finances of the country, it is only necessary to state that in the last fifteen years these depositories have received $3,308,750,346 of the pub lic funds, or over $220,000,000 a year. The banks transfer to the treasury all sums of money drawn by the treasurer, and the treasurer transfers at pleasure the public moneys to these depositories, and he is at liberty to bestow his favors liberally upon some special banks, and sparingly or even nominally upon others. In other words, these selected and fa vored banks are the fiscal agents of the government—brokers, to buy and sell, to receive and pay out, to “bull or bear” the public funds. The apprehensions of our fathers at the existence of one United States bank, and also their expressed fears because of the government’s connection with and dependence upon a system of state hanks, seem trivial. What was one bank with a capital of $35,000,000 compared with two thousand United States banks having a paid-up capital of $470,303,306 and a surplus fund of more than $18,000,000? What was $7,000,000, which was the amount of stock held by the government iti the old United States bank, compared with a mortgage, which these two thou sand banks hold on the government of the United States, to the amount of $368,- 534,279, the annual interest on which j mortgage is nearly $18,000,000? Ah! a mortgage much greater than this amount, for if we add to this value ot United I States bonds held by these banks the sum ! of $00,400,000 legal tender notes in the ; vaults of these hanks and in the treasury for the redemption of their own notes, we have the sum of $432,934,279 in the shape of a mortgage held by these hanks upon the labor of the country. What was the management and control j of some thirty or forty millions of public i expenditures and receipts in that day compared with the hundreds of millions which now make up the receipts and ex penditures of the government? President Jackson stirred this nation to its very depths by removing some nine or ten millions of deposits from one Uni ted States bank. The possibility of fraud and corruption implied by such an alliance between the government and a fiscal agent was suffi cient to arouse an opposition to the bank that sustained the president in his very questionable proceeding. The people saw in that alliance of government and banking establishments an arrogance and despotism that threatened a continuance of their liberties. Now, I submit that no argument was ever used against the United States bank, or against the con nection of the government with a system of state banks, that does not apply with increased force to the present system of national banks. The bills of former* banking institutions professedly repre sented gold and silver. The bills of these national banks do not represent the pre cious metals. They are not redeemable in gold and silver, but are redeemable in legal tender greenbacks. They are sim ply the representatives of “greenbacks” or treasury notes. Why not let the people have the genu ine greenback instead of its representa tive? Why should the government issue a paper currency simply as a banking capital foi the rich ? Is it too valuable for the great multitude? Must it be re tired into the vaults of national banks, so that the shareholders and officers of those banks may increase their wealth by furnishing the common people “with their corporate promises” to pay? To pay what? Is it to pay gold that these bankers have been so anxious to make the single standard of value in this coun try? No, sir. It is to pay silver that they have labored so earnestly to keep demonetized? No, sir. It is to pay “greenbacks,’ 1 the money they have ar gued in seasou and out of season should be buraed up, because, aa aJleged, its le- gul tender character makes it uneonstitu ( tional. Did I say their bills were the repre sentatives of these greenbacks ? No, sir. They are the substitutes of these valua j me and popular legal tender bills. These | hank ' bhve retired these greenbacks from circulation by hoarding them in their vaults, and to-day we find over one fourth of the three hundred and forty-six millions of greenbacks said to be in ex istence in the possession of the treasurer and the national banks. lut the shareholders and officers of these banks tell us that the people can exchange the bank currency for legal tender notes and then convert those notes into gold. Let us examine this plausible fraud upon the people. 1 hese bank bills must be redeemed with legal-tender notes at the counter of the particular bank issuing them, and then the valuable greenback currency must be sent in sums of not less than SSO all the way to New York, and there, at the sub-treasury in that city, the farmer in Georgia and the mechanic in the west can have it exchanged for gold or silver, at the option of the secretary of the treasury. Resumption of specie pay ments ! 4V by, it is a farce as far as the laborers and great producing multitude are concerned. Why are these banks re- Ijeved from compliance with the law re quiring specie payments? Their bills not only act as a substitute for legal-ten der bills, hut they also act as a substitute for gold and silver, and practically con fine these metallic standards of value to ihe treasury of the United States. Here are the banks, holding the. legal tender notes with which to redeem their own bills, and the treasury hoarding gold and silver with which to redeem the legal-tender notes. In a few years this national-bank currency will be the only currency known in the country. Then this moneyed monopoly will have been perfected and will have within its grasp the property and productive industries of the country. At their good pleasure they can expand or contract the curren cy. We know what contraction of the currency in this country means. The money power resolved to increase the purchasing power of money. They know as the volume of the currency is diminished so the value of property and labor is decreased. Ah ! they know that a small absolute reduction of the curren cy makes a great absolute reduction of the value of the entire property of the community. This money power commenced the work of contraction, destroying green backs, demonetizing silver, erecting one standard of value, and that a gold stand ard, and the result was that financial distress unparalleled in our history ex tended over the country, and still con tinues throughout the productive por tions of the union. I have heard men congratulating them selves and the country upon the brilliant success attending resumption of specie payments. It reminds me of an incident in the life of Julius Caesar related by Plutarch. After the battle of Munda, in Spain, in which he won a decided victory over the sons of Pompey, and which victory removed all his rivals and placed him as dictator for life on the throne of the fallen republic, he issued a congratulatory ad dress to the citizens of Rome, and by his own order the victory was celebrated with shows and feasts for many days. But Plutarch says it displeased the peo ple, for he had not defeated foreign gen erals, but destroyed the children of the greatest men of Rome. They said he was leading a procession in celebration of the calamities of his fellow-citizens; heretofore he had seemed rather ashamed of his actions, but now demanded honors to be paid to him. They remembered that Rome had been well-nigh depopulated by his ambitious wars; that poverty and sullering had bei n entailed upon them; that their lib erties were crushed under the iron heel of a military despotism, and for all these things they were*now called upon to con gratulate themselves. It reminds me of an incident that oc curred only a few years ago in France. We were told with a great flourish of trumpets that the “empire meant peace,” and all Europe was called upon to con gratulate itself because of the happy event. But Europe remembered that the “empire” was built up by a coup d'etat that crushed “law and liberty,” and was soon to be followed by commu nistic riots which with their bloodshed and vandalism would put to blush the civilization of the century. Now, we, the representatives of the people and the people themselves, are asked to congratulate ourselves upon the success of a forced resumption of spe cie payments. We forget that our congratulations “celebrate the calamities of our fellow citizens;” we forget that successful re sumption is the result of contraction which has crowded our penitentiaries, jails, and work-houses with inmates. It has made our poor-houses and asylums too small to accommodate the applicants for admission. State legislatures must enlarge their public charities, and must call to their aid private munificence to meet the demands of pauperism. From all of our densely populated States coine assurances of an increase of pauperism, of social dilapidation, and of crime which startles all who have made social science a study. From all of our southern and western states devoted to agriculture, though blessed from year to year with abundant harvests—cotton crops unequaled in quantity, grain crops that are the won der of the world—yet from these states comes the evidence that men are unable to pay their taxes, that thousands are re duced to the greatest straits, and that bankruptcy threatens every laborer and producer. In the midst of plenty we are in poverty; right by the side of burst ing granaries there comes the wail of ruined men and broken-hearted moth ers ; the rich growing richer and the poor growing poorer; hopes blighted, energies crushed, houses and lands covered with mortgages; and no future for two-thirds of the people, who are manacled with debt. Yet for all these things we are called upon to congratu late ourselves that resumption of specie payments is a success; for it was this coerced resumption that has procured all this financial distress; it was this “idiot ic idea” that there must be but one stand ard of value, and that a gold standard, that has produced all this suffering and want. That “idiotic idea” is doing its work to-day in England and in Germany. The scenes transpiring in those countries are only fac similes of scenes which have been occurring here for years ever since this idea of “gold” possessed the minds of our legislators; an idea which could be generated and propogated only by the brain of a moneyed aristocracy which seeks to make tributary to its wealth the labor and industry of the world. Now, sir, let me ask who have been *most importunate in demanding this con traction of the currency ? Who have in sisted mo?t untiringly for this single gQld standard of value ? ho have fought most uncompromisingly at every stao-e of its passage the silver bill, and ai-e now to the extent of their capacity prepared to nulify the provision of that act. I an swei, the two thousand national banks of I “ds country. They, as the embodiment |pt the money power of this country, have instigated all these measures of contrac tion. They have desired to increase the power of money, to make it costly, and thereby to create a separate moneyed in terest, accompanied with all the clangers which must result from such a distinctive interest—a moneyed class; the destiny of the many placed in the hands of the few; a mighty power capable of controlling and corrupting all the channels of legislation, possibly shaping the counsels of political conventions and dictating the policy of administrations. Having control of the currency, it must necisarily have supremacy over the in dustries of the country and, as experience demonstrates, will influence the politics of the country. Consequently a few as piring and wealthy individuals must soon manipulate all this industrial and poltii cal power for their own profit and ag grandizement. Again, on the first of October, 1878, the secretary of the treasury had in the pub lic depositories the sum of $04,207,814 in coin. Of this amount $45,097,001 was in one bank in the city of New York and over fifty nAllions of these deposits were in that city. This system of banking concentrates the banking capital and the public de posites in the larger cities at the expense of the country and the country towns. It gives these cities where the banking capital of the Union is accumulated posi tive control of the currency of the coun try, and thus gives them absolute control of the productive industries of the coun try. Mr. Calhoun said “the govern ment must become the bank, or the bank the government,” and w 6 are very sensible of the fact that the “money pow er” or banking capital of the country is now well-nigh the government of the country. This power is concentrated in Xew York city. That city is now the commer cial and political dictator of this country. By its control of the currency it regulates prices and wages. All the farms and shops, all the factories and mines of the United States are under the superinten dence and direction of this rapidly grow ing metropolitan power. When the leading agricultural products of the south and west are ready for market this “mon ey power” which is enthroned in Wall street immediately establishes the price, and thus all our tributaries of wealth are made to increase the power and influ ence of this city. . The bankers and stock jobbers of that city must be consulted in regard to all political arrangements. They must name the candidates for the presidency, and federal legislation must accord with its financial interest. Other states are pro vincial dependencies and must not rise above the political and commercial mark registered by the decrees of Wall street. Yes, Mr. Speaker, this system makes the “bank the government,” and locates its powers with this commercial autocracy. But again, this entire banking system is based upon a “national debt”—inter est-bearing non-taxable bonds. If the system lives the debt must be perpetuat ed. The advocates of the one are the friends and supporters of the other. These banks conceived, and by act of congress executed, the plan of turning the bonds of the country into bank currency without surrendering the bonds. This currency is absolutely a gift from the government to these banks—a gift which in value may reach nearly to within 10 per cent, of the whole bonded debt of the currency. These banks can at their option surrender this currency and take up their bonds, which are al ways equal to coin, or place their bonds in trust with the government and receive this “currency gift from the govern ment.” I repeat, the system perpetuates a national debt, with all its heavy bur dens, upon the labor of the country. The owners of these bonds pay no taxes there on to either the federal or state govern ments —lords who reap all the benefits of government and contribute nothing to its support. The farmer is taxed; his lands, his im plements, his live stock, all must pay a state and county tax. The mechanic must pay a tax ad valorem upon his tool-chest; the manufacturer is taxed upon his ma chinery and all his investments; the merchant is taxed; and one of our lead ing agricultural products is taxed by the federal government. Taxation, state and federal! There is no department of bus iness or article of consumption which es capes the heavy hand of the tax-gatherer. But national banks and individual capi talists can invest their millions in these interest-bearing bonds, and the govern ment, which protects capital and oppres ses labor, emempts these investments from all taxation. Even an income tax is steadily resisted by this house for fear its operations might reach the semi-an nual harvest of these bondholders. The labor of this country is continually drain ed for the benefit of men who do not con tribute to the real worth of the country. We have a magnificent country, of im mense capabilities, inexhaustible riches, social and political influence, it promises a future absolutely wonderful to con template, dawrflng in its grandeur and desirableness the wildest dream of its pa triotic founders. But this future is in the hands of our wealth-producing classes. They only can convey the present and coming gen erations to the full measure of our hoped for glory; and if we weigh down those classes by unjust taxation upon the pro ducts of their labor in order to sustain our financial schemes, which pivot them selves upon these banking monopolies, then this future w ill prove a dancing and receding mirage that will elude our grasp and disappoint our expectations. Let these national-bank notes be retir ed. Let us destroy for ever this connec tion of the government with any species of banking and let us confine the govern ment to its constitutional prerogative of stamping or coining money. Let us supply the place of these retired bank notes with legal-tender “greenback notes”—a currency bearing the broad seal of the American government and receiv able for all dues public and private wher ever the American flag floats. Then let us order the unlimited coinage of the standard silver dollar and surround that coinage with all the privileges now' at taching to gold coinage, and verily we will have metalie and paper standards of value interchangeable with each other at the option ot the government or of the individual in all localities reached by the authority and power of the government. Let this legal-tender paper currency is sued directly by the government, backed by an unlimited silver coinage, supplant our pres nit banking oligarchy and imme diately you circumscribe, if not destroy, every monopoly which is how crushing our industries and threatening the liber ties of our country. Do this and imme diately ydu send joy and gladness to those “captains of industry” who are most en- RATES OF ADVERTISING. A, Wertisements will be inserted at the rates of One Dollar, ner inch for the first insertion, and r lfty Cents for each additional insertion. CONTRACT RATES. One inch. 1 month, $2 50 ; 8 months, $5; months, $. 50; l year, $lO. Fourth column, 1 month, $, s°; 3 months,sls; 6 months, $25; 1 year, f°. Half columns, 1 month, sl3; 8 months, $25; S4O; 1 year, S6O. One column, 1 month. S2O; 8 months, S4O; 6 months. S6O; 1 Year. SIOO. Address all orders to The Free Press NUMBER 34. ergetic and successful in developing our resources and bringing to light the “hid den treasures” of wealth. Our countrymen are looking tons; our industries await the orders of the Ameri can congress. Apply the stimulus which they demand and which we can furnish, and they will move forward with a strength and glory unequaled in history. MM I MM Gri*eat Har}>aiiiK. J. A. ERWIN & SON ARE OFFER IN'*, AX EXTIKE XEW STOCK OF FALL AXI> WINTER GOODS, fall and winter goods, CONSISTING OF Dry Goods, Clothing, Dry Goods, Clothing, Boots and Shoes, Boots and Shoes, Crockery, Ac., Ac., Crockery, &c. f Ac., AT EXTREMELY LOW PRICES AT EXTREMELY LOW PRICES TO SUIT THE TIMES. TO SUIT THE TIMES. Call and Examine their Goods and Prices Before Buying. J. A. ERWIN * SON. Cartersville, Ga., Sept. 19th, 1878. Sugar Cured Hams, The very best Chicago brands cheap at THE BARGAIN STORE. Teas, Soaps, Candles, Starch, Any many other things too numerous to mention at MOUNTCASTLE'S BOOK STORE, (Clayton’s old stand,) CARTERSVILLE, : : : : Georgia. For Dry Goods in General Go to THE BARGAIN STORE. MORNING NEWS SERIALS. A NEW STORY BY A SAVANNAH I.AHY. IN THE SAVANNAH WEEKLY NEWS OF FEBRUARY Ist. Will be commenced a Xew Serial Story of ab sorbing interest, entitled WARP AND WOOF j BY MISS R. J. PHILBRICK. This beautifully written and in teresting stors, illustrative of Southern character and Southern life in town and country, will run through several weekly issues of the News. Without anticipating the’ interest of our readers, we can promise the lovers of well wrought fiction a rare treat in its perusal. Tee Weekly News is one of the largest and handsomest newspapers in the country, being an eight page sheet 38 by 52 inches. Among its new features we invite attention to a series of art i cles on the Orange Culture, w ritten expressly for its nages by Mr. C. Codrington, of Florida, which will be found interesting and valuable to those engagedin orange growing. Another feature of especial interest to our lady readers is our New York Eashion Lettejs, by an accomplished lady writer. The aiin of the News is to be thorough in all departments of a comprehensive newspa per. Its Agricultural Department, its careful compilation of the news of the day, foreign and domestic, its reliable market reports, editorial comment, and choice miscellaneous readings, make the Weekly News one of the most instruct ive, entertaining and valuable newspapers. New subscribers desiring to commence with the new story should send in their names at ouce. Subscription, one year, $2. Weekly News and the Southern Farmers’ Monthly one vear, 53.50. Address J. H. ESTILL, Savannah, Ga. W. H. WIKLE & CO., (Next to Postoffice,) Solicit your orders for Appleton’s and Cham ber’s Cyclopaedias. SPECIALTIES: Sugars, Coffees and Teas, at THE BARGAIN STORE. The Nashville American. The readers of the free press will find in the Nashville AMERICAN, a first class newsprper. In news, it enjoys all the ad vantatages of the Eastern and Western Press Associations, thus securing the latest telegraph ic news from all parts of the United States and the rest of the world. Its market reports are full, and includes all articles in the mercantile listsof the country. It has Dr. Daniel Lee for Agricultural Editor, who gives it special value to the farmer. THE AMERICAN is Democratic, and its discussions of the current political questions are able, and challenge even the respect of adversa ries. The miscellaneous columns of THE AMERI CAN embrace all that is interesting and useful, in the various fields of human enterprise; and it can be safely commended, as a most excellent and valuable paper in the Household, the Work shop, the Store-house, and to all people of every vocation. THE AMERICAN prints three editions— Daily, Semi-Weekly and Weekly—specimen copses of which will be sent on application. The terms are, per annum—Daily, slo.6rt; Semi-Weekly, $4.20; Weekly, $2.00, postage paid. Address THE AMERICAN, Nashville, Tenn. SHOES AND HATS Cheaper than has ever been known before at THE BARGAIN STORE. LECTURE TO YOUNG MEn7 Just published in a sealed envelope. Price six cents. A lecture on the nature, treatment and radical cure of seminal weakness, or spermator rhoea, induced by self-abuse involuntary emis sions, impotency, nervous debility, and impedi ments to marriage generally; consumption, epi lepsy and fits; mental and physical incapacity, &c.—By ROBERT J. CULVt’RWELL, M. I)., author of the “Green Book,” &c. The world-renowned author, in this admirable lecture, clearly proves from his own experience, that the awful consequences of c elf-abuse may be effectually removed without medic*ne, and without dangerous surgical operations, bougies, instruments, rings or cordials; pointing out. a mode of cure at once certain and effectual, by which every sufferer, uo matter wliat his condi tion may be, may cure himself cheaply, private ly and radically. lecture will prove a boon to thous ands and thousands. Sent, under seal, in a plain envelope, to titiv address, on receipt of six cents, or two postage stamps. Address the l*ttbU*l*ers, . THE CULVERWELLMEDrCAI CUT,