Newspaper Page Text
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THE WAYCROSS HERALD, SATURDAY, NOVEMBER 25, 1S93.
His Talk Before New York’s
Three Hundred.
GOLD, THE ONLY MONEY 8TANDABD
The United State* Government Cannot Set
Up a Currency of It** Own and
* Maintain Commercial Rela
tion* with the World.
New York, Nov. 23.—An the one
hundred and twenty-fifth annual ban
quet of the chamber of commerce in
New York, at which 300 business men
were present, the Hon. John G. Carlisle,
secretary of the treasury, responded to
the first toast of the evening, which was:
Commerce demands and the honor of the
country requires that the obligations of
the United States shall be paid in coin cur
rent in any market of the world, and that
question shall be settled for all time and
beyond controversy.
• In opening the speech-making, Presi
dent Smith took special pains to com
mend the character of New York banks
and their attitude toward the country*
during the recent financial crisis.
In the opening of his address, Mr. Car
lisle referred to the fact that, in as much
as our relations with other countries
were snch as to demand a basis for our
currency, fixed after a standard in ac
cord with these countries, it was neces
sary, to maintain our Hiatus in the com
mercial world, to “preserve a monetary
system substantially, at least, in accord
with the monetary system of the other
principal nations.” If our commercial
Interests were confined to our own coun
try, then wo might establish an entirely
independent system of currency, but
such was not the case. “But,” he said,
“our commercial interests are not con
fined to our own country; they extend
to every quarter of the globe, and our
people buy and sell in nearly every mar
ket of the civil iced world. A very large
part of our farmers, mechanics and other
laboring people find constant and profit- I
able employment in the production and
transportation of commodities for sale
and consumption in other countries, and
the prices of many of our most import
ant products are fixed on foreign mar
kets. Without exception, these prices
are fixed in the markets of countries
having a gold standard or measure of
value, either by express provision of law
or by a public policy which keeps their
silver coins equal in exchangeable valne
to the gold corns at a legally established*
ratio.”
(■old I* the Money.
He said there could be no international
money without au international agree
ment, but there must, from the very
necessities of the case, always be a com
mon basis upon which bargains are made
and a common currency in which bal
ances are settled. No one nation coaid
determine for the other what that basis
shall l»e or what that currency shall be.
It coaid establish a currency for itself
and for the use of its own people in their
domestic trade, but the valne of that
currency would be ultimately measured
and conclusively fixed by the interna
tional standard, whatever that may be.
Gold, being the only international
money, and all trade balances being set
tled on a gold basis, and all other forms
of currency being adjusted to that stan
dard, it was “useless for the advocates
of a different system to insist that this
ought not to he so; it is so, and wo can-
r.ot change the fact.”
The gold eagles and double eagles
were not accepted in settlement of bal
ances simply because this government
said they were legal tender, but because
they were worth that everywhere when
they were coined into any currency.
The United States government, great as
it was, could not create money that
would be universally accepted.
There were some things, however,
which this governxnept could do. “It
can,” he said, “in the exercise of its con
stitutional authority, ‘coin money and
regulate the value thereof,* suspend or
limit the coinage of either metal when
ever it is ascertained that the coins of the
metals, of the same denomination, are of
uceanal valne; or it can change their
legal ratio so os to make them as nearly
a nal in valne as possible; or it can main-
in the parity of its coins by receiving
them and their paper representatives in
payment of all public dues and discharge
all its own obligations in whatever kind
of money its creditors may demand.
Should Not Discriminate.
A private debtor might, with proprie
ty, and under sanction of law, discharge
any financial obligation in any kind of
money designated by the government as
•legal tender; but the government must
•ee to it that the money it issues and
compels its creditors to accept is worth
a dollar for every dollar’s worth of labor
performed for it, and every dollar’s
worth of the people’s property it pur
chases. This, alone, authorizes a gov
ernment to demand that its currency be
so recognized between private individu
als in the discharge of obligations.
After declaring, that, in his opinion,
the question of a single standard had
been forever settled in this oountiy, Mr.
Carlisle said:
“This does not imply that silver is to
have no place in our monetary system.
What is to be the ultimate fate of that
metal is one of the problems which time
and events alone can solve^bnt for many
years, notwithstanding all our legisla
tion in its support, the fluctuations m its
value have been so rapid and so great as
to demonstrate the fact that it cannot be
safely coined without limitations into
money of final redemption at the exist-
inent to establish and mainteLn astable
relation between the two metals, and for
this reason, alone, if there were no oth
ers, we are bound to place soma reawm.
«ble limitations uponthe «
much ofitcan be
safely coined, and upon what conditions
it can he safely used, are questions unon
which there will be wS£dSSmoeiS
opinion; but after all that can be said
on both sides, they will be finally deter
mined by circumstanoes which cannot
now he foreseen, and by the natural in
crease of our population and the natural
growth of our industries and trade.
“It is enough to say at present that wa
have already on hand a stock of silver,
coined and unooir^L sufficient to meet
all the probable requirements of the
country for many years to come. The
mints of the United States have coined
419,332,550 standard silver dollars, and
we now have 140,699,760 fine ounces of
silver bullion, which, at the ratio of 16
to 1. would make $181,014,841, or $601,-
247.391 in the aggregate. Besides this,
we have $76,977,002 in subsidiary silver
coin, which is legal tender to the amount
of $10, and is by law redeemable in full
legal tender money on presentation. Our
total stock of gold coin and gold bullion
is $050,167,949.
A Deep Interest in Sliver.
“Being the greatest silver-producing
country in the world, and having on
hand a large amount of silver bullion,
the United .states cannot be otherwise
than deeply interested in every measure
designed to enhance its value and in
crease its use as money upon a safe and
sonnd basis, but we cannot alone main
tain its unlimited coinage as full legal
tender in opposition to the policies of Sie
other great nations of the earth; and the
country is to be congratulated upon the
fact that wo have at last placed our
selves in a position which enables us to
preserve our own monetary system in
tact, and exercise a potent influence in
any movement that may be hereafter
made for the permanent adjustment of
this very important and difficult ques
tion.
“It is a great mistake to suppose that
the supporters of our recent legislation
upon this subject were animated by any
feeling of hostility to the continued use
of silver as money to the largest possible
extent consistent with the stability of
our currency and the preservation of the
public faith. The wisest and safest
friends of that metal are those who have
had sagacity to foresee the inevitable
effect of its continuous accumulation in
the form of bullion in tho vaults of the
treasury, and the courage to remove
from the statute b , ook au experimental
law which from the time of its enact
ment was a constant menace to the wel
fare of the whole country.”
MAKING GEORGIA LAWS.
Governor Nortlien Vetoes » 11111—1Soino
Bills Passed.
Atlanta, Nov. 23.—The governor re
turned to the legislature witn his veto
the bill of Mr. Freeman, of Troup, to
authorize attorneys at law and agents in
money demands to make affidavit to the
best of their knowledge and belief.
In liis veto the governor says that the
bill is against the settled public policy
of the state as set forth by the supreme
court in the 66th Ga., Drake vs. Daw
son, page 176. He said the bill would,
in his opinion, open wide the door for
loose swearing in certain cases and would
do more harm than good in the admin
istration of justice by the courts.
There were passed the following house
bills:
To amend au act governing the analy
sis and sale of fertilizers.
To amend the act incorporating the
State Savings Association.
The action of the house in refusing to
pass the bill providing for pensions to
widows of soldiers who have died since
the pension act passed, and who may die
hereafter, providing that the beneficiary
was the wife of the soldier during the
war and at the time of his death, and
that his death was caused by wounds re
ceived in the war, was reconsidered, and
the bill restored to the calendar.
A resolution providing that no now
business shall be introduced in the house
after Saturday, Nov. 25, was adopted.
The senate has passed the following
bills: '
Providing for tho payment of salaries
to county judges when the grand jury
fails to tixtit.
Amending the oath to be taken in ap
peals in forma pauperis.
Appropriating $1,500 to the deaf and
dumb asylum.
The legislature will probably attend
the Augusta fair on Thanksgiving day.
Wants England** Navy Strengthened.
London, Nov. 23.—Lord Charles
Beresford, formerly junior lord of the
admiralty, says that the navy of Great
Britain must be a third stronger than
any of the combining fleets of her two
possible enemies, France and Russia.
He proposes the expenditure of 22,086,-
000 pounds for the construction of six
ironclads of the royal sovereign class. 12
battleships of the Barfleur «i««* 10
cruisers of the Blake class, 50 vessels of
the Havock class, 30 torpedo boats and
10 new-class ironclads, designed special
ly to destroy the enemy’s torpedo
stations.
DAILY MARKET REPORTS
Naval Store*.
J . Nor - firm,
■trained. «mod utratna l. HCU: turpen
tine steady at 2pK: tar steady at Si.10; crude
turrenttae steady; hard. soft and vir-
rfAVAHKAU. Nor 22.—Turpantlud rfo»ed
rosin firm and in good demand.
Produce and Provisions.
Chicago, Nov. 23.—Cash quotations were as
gltojr* Lira. R57
08.(0. Short ribs, loose. 7.85117.50. Dry
■alt shoulders, boxed. 6.75&7.09; sUorC
sides boxed. 8JS&8.37I4.
Cincinnati. Nor. 22 —Pork easy at S13.50.
Lanl quiet at 7.90. Bulk meats quiet: short
ribs ..73. Bacon nominal; short.clear 9.5039.75.
Chicago Market.
. __ Chicago. Not. 22.
Wheat-Cash. ; May. C7**;Dec. 6L«
^csst iate
Rite—Jan.. 6.37: Oct. 6.53.
Lard—Jan.. .673: Oct. 7.63.
Liverpool Cotton Fat ares.
JSSSSSir.
January and February 4.202
February and March 4.21®
March and April 4 1
April and May. 4
August and September
September and October .
Qctobcramk November..
December and January......... ......4,2Qj|4.
New York Cotton Futures.
NswYobk.Nov.21.
Sales. 121,600. Middling*.
Short Line to The World’s Fair.
Through Pullman Buffet Sleeping Cars
Tampa to Nashville, via Atlanta, connect
ing in Union Depot at Nashville with Yesti-
bulcd limited lor Chicago, making
Shortest Line and Quickest Time
from all points in Florida and South
Georgia to World’s Fair.
Pullman Buffet Sleeping Car
Tampa to Atlanta, connecting in Union De
pot with R. tk D. Vestibuled ’Limited for
Washington, Philadelphia, Baltimore and
New York, with Pullman Buffet Sleeping
Car for St. Louis, via Western and Atlantic
R. R., and with through Pullman Buffet
Car Sen-ice via G. P. for Kansas City via
Birmingham and Memphis.
Sleeping Car on Sight Trains
from Macon and Palatka." Passengers
leaving Palatka can remain in Sleeper at
Macon until 7:00 a. m„ where breakfast can
be had and connections made with 7:40
train for Atlanta, and trains for Augusta,
Athens, Milledgeville, Montgomery and Sa
vannah, and all points East, North and
South.
H. Burns, A. C. Kxafp.
l'rav. Pass’g Agt., Traffic Mgr.,
Macon. Ga. Macon, Ga.
APRIL 16th, 1893.
GEOROIA SOUTHERH&HO FLORIDA B. R
Condensed Time Table.
STATIONS.
..Ccrdele.
...Tifton..
...Valdosta
.....Jasper.
,. Lake City
..Jacksonville....
Waycross Air Line Railroad-
Leave Waycross daily except Sunday 2 00pm
ArriveWaltertown ** “ “ 230 pm
“ Elsie “ ** 330 pm
“ Bolen “ “ ” 00 pm
” Beach “ “ 30 pm
“ Sessoms “ “ “ 530 pm
. RETURNING.
Leave ? essoins daily except Sunday 530
Arrive Beach
Bolen “
Elsie *’
Waltertown
Waycross ’*
CIO am
640 am
710 am
740 am
9 00 am
THE MUSIC HOUSE OF FLORIDA.
HANIER,!:LANE&i COMPANY,
Successor to A. B. Campbell.
We will sell and deliver at your nearest sta
tion first-class
PUPS ID OBGflHB—
Fr-W«»»onev than any house in the State.
\ *v.x,. 11 merits to be.as repre
sented. newii
any honest man
not satisfactory
Gash or on Installment.
Jacksonville, - - - Florida
>hip Piano or Organ to
• woman on trial and if
vc will pay freight both
J. H. OPPENHEIM & SON.
AUCTIONEERS
AND
Commission Merchants.
5 AND 7 WHITAKER ST. V
SAVANNAH, GA.
Regular Sales Days,
MONDAYS and FRIDAYS.
WonflerfDl tile preserver
UK MU IT ALL CTJOeiSTS.
K POSITIVE CURB FOR
Consumption,
COUGHS, COLDS, CROUP
BRONCHIAL AFFECTTIONS.
MANUFACTURED 1
Life Presener Medicine Go.
W AYCROSS, GA.
Gitjf n°ft ce *
The Books for the collection of City
Tax for the current year are now open.
All Tax Payers are hereby notified to
come forward at once cDd pay uj», there
by saving the expense <»i au
EXECUTION.
Bv order of Citv Council.
W. F. PARKER,
City Tax Collector.
Office cor Parker and Elizabeth ste.
Hours from 8 a. m. to 12 p. m.
W. W. WALKER,
QUITMAN, GA.
General - Prodace - Merchant
DEALER XX
Coiatry Pndici if til kiids.
1000 Bushels Com for Sale
BACON. L.\RD, OATS,
Pinders, Chickens, E,
ou hand at £
Don’t Neglect This Opportunity to Secure a Home.
Wilson Street.
Parallel Street.
1 L
J. E. Wilson
H.W.W.
Hutch
ngs.
Ulmer.
Brown.
ccim-house Albany Avenue.
Brunswick and Western Railroad.
The above map represents the land offered for sale by the WAYCROSS LAND AND IMPROVEMENT COMPANY,
all the lots fronting on good 60 and 50 feet streets, and a 10 foot alley in rear of each lot. Each lot contains about one-
quarter of an acre, and may be paid f;*r at five dollars per month; and when parties propose to build at once, payments need
not commence until the buildings are up and the lumber paid for. The lumber can also be bought on the installment plan.
M pi.v to HENRY W. WILSON,
Waycross, Ga. Cor. Albany Avenue and D. St
SAVANNAH, FLORIDA & WESTERN BY.
IVAYOiiOi-S SHOUT LIFE TIME ( AiiU.
talietiitle of Til nstiTivins lo FlorMaiiiid So. Georgia,
GOING SOUTH—Read Down
GOING NORTH—Read Up.
8 10pm
10 20pm
12 30am
7 20am
10 40am
8 25am
1115a ml..
4 28am’..
6 25am!..
Cor. to July 2, 1S93.
. 8 28am 6 10am La Savannah Ar 12 09pm
.11011am j 8 00am Ar Jesup
•jll 14am, 9 15am Ar. Waye
. 11 30am Ar. Brunswick
.j 2 10pm I Ar. Albany
. 1 15pml2 OOn'nlAr Jacksonville
. 5 55pm 5 53pnvAr. Sanford
.1015pm 10 20pm! Ar......... Tampa
JlO 55pm 11 OOpmlAr. I’ort Tampa
J 3 35pm Ar. Live Oak
1 1 Ar. Gainesville
.! 11 28pmlAr.. Valdosta —...
.! i 1 02pm;Ar. Tliomasville
.1 1 3 25pni‘Ar Montioello
.‘ 2 23pm'Ar >Cambridge
. * 1 Ar Cha ttahooehee...
J ! |Ar ....„Macon.........
! ' ; Ar, .Columbus
J j Ar Atlanta ........
j 8 40pm!Ar Montgomery...
.! 3 05nm’Ar -Mobile
.' I 7 SoaiwAr New Orleans....
.LvlO 28am
.Lv| 9 15am
..Lv 7 20am
..Lv
00am
...Lv; 115am
.Lv' 8 00pm
,Lvj 7 30pin
..Lv;
..Lv
..Lv
8 32pm 6 20am
6 25pm i 3 20a in
5 15pm 1 OOani
..if. I j 3 45pm
2 00pm j 6 20pm
7 55am !
Lv' * ! 5 50pm
8 00am' 3 00pm
3 28pm' 9 23pm
21 Opin' 7 25pm
11 45am | 4 30pm
12 57pm‘ ! 5 13pm
‘ ' 3 40pm
10 55am .. TO 15pm
1 J 6 50am
...Lv' | 7 50am j 7 00pm
—Lv 7 30pm. 8 35am
...Lvj 12 20am
...Lv | 7 50pm I
No. 19 leaves Savannah daily, except Sunday, 3:55 p in. arrives_Jesup 7:20 p m, No.
203 leaves Jesnp daily, except Sunday, 4:25 a m, arrives Savannah 8:35 a in. These trains
stop at all stations between Savannah and Jesup.
SLEEPING CAR SERVICE AND CONNECTIONS.
Trains Nos. 35 and 14 carry Pullman cars between New York, Savannah and Port
Tampa. No. 23 carries Pullman Sleeping Cars Waycross to Nashville, Ixuiisville and
Chicago. Train 73 carries Pullman Sleeping Cars between New York and Jacksonville.
Nr*. 5 carries Pullman Cars between Savannah and Chicago, and on Wednesdays and Sat
urdays No. 5 tarries Pullman Steeper to Suwannee Springs, and on Thursdays and Sun
days the sleeper returns from Suwannee Springs.
Train No. 5-connects at Jesup for Macon, Atlanta and the west. Train 23 connects at
Waycross for Montgomery. New Orleans. Nashville, Cincinnati, St Louis and Chicago.
Timmjsh Pullman Sleeper Waycross to Chicago. Train 23 connects with Alabama Mid
land railway for Montgomery and the southwest.
Tickets sold to all points and Sleeping Car l>erths secured at passenger stations, and
ticket office. 22 Bull street. K. A. ARM AND, “City Ticket Agent.
R. G. FLEMING. Superintendent. W. M. DAVIDSON, General Passenger Agent.
MmiLMBUMM.
A
HHf Fire, i
0 schedule in effect July 9, 1893.
SLEEPING GARS JACKSONVILLE TO CHICAGO Without Change or Deity.
S0M1EB EttlSSIM iOBLD’S FAIR.
£▼ JaeksoBTilte, 8, F. SW.
LtMmob, *
ArMta,
Ar Chdtu
_** Cincinnati, C.H.4D.
LT •* A “
Ar Chicago, V (Xenon) ~
P 1, Batter, Etc.,
times.
All orders promptly filled. Correspond-
:nt solicited and satisfaction guaranteed.
SOLID YXSTIBTXED train* t
“MPMPOAB YALLXY ROUTE.”
Lt Jyk’rlll*, 8. FAC W.
“ jErJ£*t!T.V.4tG.
Ar Atlanta,}UnionV*
Lr l Depot J
Lt I^xlartoa, Q-AC.
Ar Chicago! »ront— j
LTdacintt f Choice of l
Ar Sthools V 4 route*, j
B.K.
,*» •*• *% QUITMAN, GA.
WHOLESALE AND RETAIL DEALER IN
Heavy anti Fancy f
GROCERIES,
Country Produce of ill kiods.
Orders solicited and satisfaction guaranteed.
Special Attention paid to
Packing and Shipping Goods.
For S?Ie.
My cottage at St. Simons.
A. M. Knight,
jne 20, 9ttl & ltw Waycross, Ga.
Lagerine 13- *
Drink
Lagerine,
That Great Health - Giving Drink 11
Manufactured by
FRED FICKEN,
Proprietor Enterprise Bottling Weds,
WAYCROSS, GEORGIA.
J. M. TYLER, 4^
•p Dealer in Country Produce
+ r r ^ General Groceries 9 +
QUITMAN, GEORGIA.
wmi. i x nniuce, vnicsens, tggs, t oia-
toes&c. They will receive prompt atten
tion. All goods delivered F. O. B.
Hitch, Powers & Co
QUITMAN, GEORGIA. ,
WHOLESALE COUNTRY PRODUCE
And Commission Merchants.
Corn, Oats, Country Hams
Lard, Chickens and Eggs.
Brooks Cocxty bvitup a SPECiAtTr.
MEAT MARKET
HENRY T. WILLIAMS,
BEEF, PORK, SAUSAGE
• AT AT.T. TIMES.
Gir.Plut Its. ud Brmwiek Straits
SATISFACTION GUARANTEED.
The Best in the Market at Reasonable Pric