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THE GREENSBORO PATRIOT. VOL. 7.-». N'AL CARDS. GREENSBORO, N. C, WEDNESDAY, DECEMBERZI^T J. RICHARDSON o, N. a : -ur»tery in J. E. WYCHE, W.fl. Wakefield, UNCONQUERED. However skilled and strong thou art, my foe. However llen-e thy relenlleu hate; Though linn lliy hand and strong thy aim ami straight Thy poisoned arrow leaves the handed flOVV. i'" pierce the target of a heart, ah I know I am the master yet of ray own fate. Tbou canst not roh DM of my own <«talo. Though fortune, fame and friends, yea love, nhall go. dollear as the same now current, and to contain three hundred and seventy-one grains and four-six-teenths parts of a grain of pure, or four hundred and sixteen grains of standard silver; half dollars, quar-ter dollars, dimes and half dimes to be of silver and be one-half, one-fourth, one tenth and one-twentieth part of a dollar in value; cents and half cents to be of cop-per and be one hundreth and two hundreth part of a dollar in valne. .11 u TO i HI \...i iimi Throat. Than all things in the balance are well weighed. There la but one great danger in the world— I hou canst nor forae my noal to wish me ill. That Is the only evil that can kill. —ELI. \ WiiitKLgK WlLOOX. » i.ii. .1 tur Hi.- PATRIOT. OUR FINANCIAL SYSTEM In J! t.ii-i- : K & SCHENUK, iTS AT LAW, AEITED! ck Cow Peas, INT CO. •l nr i ■clroffe. Cement! tiie! Cement! A mi.i, LRIES, - >TKD IN ' WKIIS !l our Ml . Houses .' r- and r Spring i, Vinei I'll lions. , . I'rop'r, N. I . I'AKT I. 11 will be recalled by those fa-miliar with history that we had de-clared our independence of Kng. land in 1776. Washington had gone forth to meet the enemy and had won the victory. The treaty r»f peaee was signed at Paris Sept. 3, 1783. During this period we I had existed as the thirteen states, with a central government with powers limited by the Articles of Confederation. Our capitol was located at Annapolis, and each state was represented there by her congressmen. It was here" that W ashington came after his revolu-tionary victory and formally re Klgned bis commission as com-mander in-chief of the revolution-iry forces Dec. 22, 1783. We still maintained our continental form of government after Washington ichieved his victory, and a su-perintendent of finances, Robert Morris, hail been appointed. On - ™ . «n. 7. 1782, he made a report to lenient! th« Continental Congress on the | value at which foreign coins were r, .|!',"'n accepted at the Continental Lenient ! Treasury. Morris, during the year of 1784, formulated a general plan of a financial system for the con-tinental government, which was re-ferred by Congress to a committee with Jetferson as its chairman. On July 6, 1788, pursuant to the report of this committee, the Span-ish milled dollar of four hundred and twelve and a half grains of -ilver was adopted as the unit of This resolution was the be-ginning of our present financial -.-'Ni. and what changes were |uently made were due prin-cipally to Hamilton. On Feb. 15, 1786, Morris, superintendent of '-. reported the national debt to be forty two million three hun dred and twenty-five dollars. By wise measures this amount was largely reduced till Congress adopt resolution Feb. 21, 1787, call ing a convention to assemble at Philadelphia to adopt a constitu-tion for the United States. On M iv 28, 1787, the debates by the representatives from the states lie-on the constitution, and finally the constitution was finished and t he convention adjourned on Sept. 17. 17<7. Washington, after hav-ing acted as commander in-chief of army and presided over the ( onstitutional convention, was nat- ,n ally chosen our first l'reaident and tools his seat April 30, 17.S1). lie appointed Hamilton Secretary of the new L'. S. Treasury, and nnc of his first ollicial acts was a report on the public debt, which he stated (1) domestic debt forty-two million four hundred and fourteen thousand and eighty-live dollars; foreign debt eleven million seven hundred and ten thousand three hundred and seventy-eight dollars ; state debts about twenty-one mil-lion do'lars. As they had both as state and central government fought for a common cause and the debts bad been amassed in the endeavor to free the country the government accordingly assumed the debt, and HI rdingly our new Republic start ed life with a national debt of about seventy-five million dollars. Art. I., Sec. 8, par. E>, of the Con-stitution, provided Congress shall have power to coin money, regulate the value thereof and of foreign coin, and lix the standard of weights and measures. Art. I. Sec. 10. par. 1. provides that "no state shall coin money, emit bills of credit, make anything but gold and silver coin a legal tender in payment of debt!." Accordingly an Act es-tablishing a mint and regulating the coins of the I'nited States was enacted by Congress April 2. 1792, which provided. Sec. 'J, "And be it further enacted. That there shall be from time to time struck and d at the said mint, coins of gold, silver and copper, of the fol lowing denominations, values and descriptions,yix: Kagleseach to be of the value of ten dollars or units and to contain two hundred and forty seven grains and four-eighths of a grain of pure, or two hundred and seventy grains of standard gold ; half eagles each to be of the value of live dollars, and to con- CHICAGO ,al" "ne hundred and twenty-three bow, H. C." K'-ins and sis-eighthe of a grain of pure, or one hundred and thirty-nlrlr »«i wim .-«n think five grains of standard gold ; ciuar- 'IPH ' , . ...» i •"'-'" MI let eagles each to be of the value . : ',. of two dollars and a half dollar, if*0™* and t) contain sixty one grains _,:>r7 " and seven-eights of a grain of pure ,. gold, or sixty-seven grains and . d«.l -hall my true ..If be TnV.L^o?',U 'TT T^l hurled; ' . 'he.proportional value of gold Hoi shall I meet my worst assaults!10 ei'Ter in al1 coine which shall by law be eurrent as money within the United State, shall be as fifteen to one, according to quantity in weight, of pure gold or pure silver; that i. to .ay, every fifteen pound. weight of pure silver shall be of equal value in all payments, with one pound weight of pure gold, and so in proportion a. to any greater or less quantiti*. of the re.pective metals." Thn. it will be noted that the silver dollar was made the unit of value, and every other coin the acts specify shall be of the value of .o many dollar, or fractions thereof. HE WA8 GREEN. And He Kept Getting Wonted Until He Was $2,000 Ahead. The Texas Judge was giving the Star reporter a few wild steers, so to speak, on the manners and cus-toms of the people of his greatest and second to none state in the glorious galaxy of the Union, or words to that effect. And the re-porter was observing at the same k SCALES, " From Its Inception to the First Le- II is, perhaps, safe to say that some of our politicians have no eoniidered fully the financial re-suit, of war, .hould the United States for good reason decide to de-clare war upon any power. There would, of course, on the first de-claration of war be a severe dis-turbance of business, witlTa decline of values, but that would have been time how unlike the Judge was inspected. There would be a|eo a this respect to any and all Texans i vei7 heavy increase of taxes il he had met. Congress should decide in favor of "Speaking of tenderfeet," said , th« sensible policy of meeting the the Judge, with proper judicial military expenses of each year out NO. 49. i;.il Tender Act, Feb. 25.1862. *zHer .IS\> . I.'emedy In :. J every kind mplaint Is Mller -t dement and idc too strong mphatlc. 1 quick I thache, .-. and 60c. He ware ot ns. Iluy only the i y Davle*. -ryu-hrr*. c - As early as Is 10 gold began to disappear from eireulation and had wholly disappeared in 1817. Our national debt by 1812 had fallen to forty-five million dollars, and it was rapidly reduced till 1836, when it was paid off. The first bank of the United States was established in pursuance of Hamilton's recommendations in 17111 and continued till 1811, when its charter expired, and it was not allowed a new charter by Congress. This bank had a capital of ten million dollars and branches estab-lished in most of the principal cities of that day. It was a sue-cess from a financial standpoint both to the government and to its private stockholders. The second United States bank was established by Act of April 10, 1816, and con-tinued till President Jackson veto-ed the bill renewing its charter on the ground of uneonstitutionallty, and when reminded that Chief Jus-tice Marshall in his opinion, Mc- Culloch vs. State of Maryland, i Wheat, 235, had held the charter constitutional, Jackson replied, "Each public ollicer who takes an oath to support the constitution swear, that he will support it as he understands it." Gold begaa to grow scarce in our circulation as early as 1S10 and had wholly dii-appeared by KS17, and hence we did business from that time till the Act of June 28, 1834, with silver. Thi. Act changed the ratio of sil-ver to gold from 15 to I to 10 to 1; that was, instead of having the eagle contain two hundred and sev-enty grains of standard gold it was ehanged so as to have two hundred and fifty-eight grains of standard gold. Ky reason of this Aot gold was made the cheaper metal and consequently immediately began to reappear in circulation and silver dollars disappeared. The Act of March 3, 1840, gave us our first gold dollars aud also our first twen ty dollar gold pieces. Silver, as previously stated, having entirely disappeared from circulation ex-cept some subsidiary coin and some foreign coins that had been made a legal tender in this country, it was thought by Congress advisable to devise some plan whereby we eould have our silver again in circula-tion. Accordingly the Act of Feb. 21, 18S3, provided, "That from and after the first day June, 1863, the weight of the half dollar shall be one hundred and ninety-two grain., the quarter, dime and half dime to be respectively one-half, one fifth and one tenth of the weight of said half dollar." See. II. "And he it further en-acted. That the silver coins issued in eonformlty with the above sec-tion shall be legal tenders in pay-ment ef debts for all sums not ex-ceeding five dollars." It is evident that gold was over-valued by our first Act placing the ratio at 16 to 1, and that it was un-dervalued by the 1831 legislation that changed the ratio to 16 to 1. In the first instance gold all left circulation; in the second instance silver all left circulation and that led up to the Act of 1853, which reduced the valne of silver subsid-iary coins so as to bring them back into circulation. The acts that I have thus far cited cover our financial legisla tion till after the civil war. When Sumpter was fired on our debt, whioh was nothing in 1835 and our Treasury had a surplus in 1836, was $0O,5S0,873. dignity, "Hiram Hooten, who came to my county when I was a young man, was the rarest specimen I ever met with. Hiram had a twung to his speech, a good deal like an Indiana Yankee, when he first came to the county, but the Texas climate softened that of its angularities, so that at the last we did not care where he came from, and Hiram for some reason never told us. The things that Hiram did in the way of honesty were too numerous to mention, and his simplicity of character was really painful, espe-cially when one of our citizens sold him a farm for $500 that nobody of the revenue of that year. Such a policy, however, it is to be fear-ed, would have few advocates, the plan of shifting the burden to the next generation being almost al-ways preferred by legislators. This means a heavy issue of bonds to the amount—for a starter-of some $000,000,000, the yearly interest on which under the circumstances would hardly be less than $25,000.- 000. Army and navy would, of course, be very much increased. We should wish to garrison all our sea-ports, for which purpose 100,000 men might be required, and for op- ROANOKE & 80UTHERN. A Report that its Recent Bale May Play an Important Part In Rail-way Development. NEW YORK, NOV. 26—The Mai and Express says: The sale of the RoanokeA- Southern Railroad at Winston, N. C, yesterday to inter-ests identified with the Norfolk * Western has greater significance than usually attache, to the .ale of a line 120 miles long. The property was bid in for $;,00,nO0, and it is !HldvhV u Wi" S"0n ,,e the Norfolk A- We.t.rn for>•■a•««lontgo term of years, perhaps in perpetuity. The road has been operated by the Norfolk * Western for some time as one of its divisions, and it extends from Roanoke, Va., to Winston-Salem, N. ('., one hundred and twenty-two miles. The object of the acquisition by the Norfolk * Western is that it is to play an important part in the extensions of that company. The present management of the Norfolk * Western is desirous of securing p.n entrance into Atlanta, from which important centre it is virtually shut out. The south main line of the company extends from Hagsretown, Md., to Bristol, Tenn , and at the latter place the Eastj Tennessee, which is part of the! Southern Railway, begins and hauls the through care to Chattanoega and New Orleans over the (jueen and Crescent. The desirability of an entrance into Atlanta is strong in the estimate of Norfolk * West-ern interests and it i* proposed to attain that object by fuming a close tralll.- alliance w uli the Sea-board Air I.me. In order i Will lie riece. -A- ^R-A.IL_RO_A_:D CENTER. ■masovi,'' aaaVt -* DUMIUCiV*l would have at any price. Hiram, erations in the Held as many n however, never complained, and he '" managed somehow to make a living on his farm, which some of our people could not do on better ones. He had also managed somehow to have a little money in bank, and, notwithstanding his guilelessness, it was not considered safe toward the last to monkey with Hiram in soldiers would be needed. Forts, guns, ships, contracts—spending on a vast scale would be impera-tive. If the power we were about to fight were a naval power, our exports of grain and cotton would be at once arrested, with the result of a glutted home market and low prices. Soldiers in the army would SIMMONS REGULATOR ASK the n<r.xrrw .tW|.i... t.,i,,,,e,u, |fcrri*. rictiau , [ i, v,, I at^ie. the m.-r, .:,.,! I ' eat, h,.w I " •■■ ■'- -, ■ a ■ad K.-..1 ■tttej iliey will tell 1'V lakini SIMM..NS « Rsi.ii,,. . Tht. i ■..,.. .. r-gra, , ■•I. .Iicnir In UM f„ DYSPEPSIA, ri.l It«.»l KAIIIIIV Vturldt horse trade. Still every now and !1,e unable to consume much more then he would do a fool thing, and than they did at home, and our the next round some of our best! '"'me factories have never been men would be after Hiram for a 'ttl,le to work up more than a frae-chance to catch him napping in ! ''"n •>' our cotton crop. The cee-make this complete it wry for the Norfolk * PURELY VEGETABLE. &- i>.L^,'. ,,:..,.,';'","',;" '.■;,"""-> •'■•■•<• Chills: Chills « hj do you suifer with thi. dreadful maladv when you ,-»q be cared by using- Dr. Howard's Chill Tonic HOl.li HY_ Smith c\: Gardner. «a Appetite; Buwch thonaidy ■ i ^':v.''l_""r •"">•"■»'■ "mad n.. BltlrlU; a thuk, yea: a dry I Sometime. n,a„v „f ,h™ „,„,„„„,- end Ii be d * ise, ■. . -: b would be found wide awake. 1 "One day Hiram was in the Slier- | neSH '" iff's olllce paying his taxes, and ho insisted that it wasn't justice to the I moBt "f them. Other dependent taxpayers of the county that he should pay taxes on his farm, which was assessed at only $2.">0. He said it ought to be f 2,.")00, at least, and the Sheriff began to think Hiram had another one of his fits, and the next thing he knew he would hevc to have a trustee appointed to look out for him. However, Hiram pre-vailed upon him to use his good of-fices in having the proper figures put on the farm, and Hiram was greatly comforted when he was in-formed that next year his taxes would be on the increased valua-tion. Then Hiram went oir about his business, smiling, and the Sher-iff met him next day. and in a sma" interests would suffer with them, the only active industries being those which directly served the army and navy. Hut the most interesting result would be the effect of the perma-nent increase of bondholders, sol-diers, sailors and pensioners, upon politicians and politics. A above, is at Winston. By building an extension to Monroe, a divisional point on the Seaboard Air Line, the desired connection can be made, and tbe Norfolk & Western will then be only 272 miles away from Atlanta. That the Sea-board Air Line management will see the mutual benefits from an al-iiance and will enter upon it is un- - very doubted, if far no other reason than large clas.of c.izens object to any ,„ get an outlet to the North and ncrease of the public debt became it strengthens the bondholding ele-ment and will tend to perpetuate .a'mmaan"' wwhhoo' lleennddss",hitsam! o"ne"y^to"t7he !| jntTeh" Se,,h,,»rd Air "- h»«—• government whm it says it need West, which will doubtless form a formidable rival for Southern trade. Cant*, at other, >cty tew. bat „„ ota-an In the l,,iv ,, ^,-,,„;,:iv ,,„ ^e!feme:r:- KKeegenuU!a,l..r,. am7i n".."n"e' .."! t",e"m^»,>,«.„, ,„ ...i cr P"'-.y..:.el: Ce K^ula., „..,'„'. T- "•. -tu. 1«L„,KA,.„ AM, Ml .,.. JAPANESE GTFRE MANfFACTt-KIID t- J. U. Zi:iLI N & CO., 1 rlH-.C.I.U.I.UrwJ ^MACON.OA. ■tfladtipMa, .'■. CONSTIPATIONE","11 Pil» *■ "in* SmiC " ": ■' ''" '"'; ' ' ' ''"'"'■'•'- MnltaaS "I U1ANT1 T< :«„,o,1 „|,1, 1T SMITH A 61I1MI, DnTJGGIHTS. 'or. Opp, Postoffloe, Greensboro. CARTUHD it, is an odious man and it is against public policy to borrow, especially horse and cattle trade Hiram camelif the lender expects to be paid his out a pair of mules, ahead, and the '""-rest in gold. Opponents of Sheriff didn't know what hurt him. But he thought he would get in on -the money power"'—bondholders and bankers—could hardly see Hiram before he had recovered from without dismay a new lease of life hie fit in the cause of justice. Kor|Siven to that power. They would live or six months Hiram went along about as usual, anil the neighbors didn't notice anything peculiar un-til he began to whitewash bis burns and fences, and hs must have wast-ed as much as $4 improving the 'ooks of things. Then one day a hardly vote for war if they foresaw that it meant a permanent burden of $25,000,000 a year, "payable in gold,'' and the perpetuation of their greatest grievances. A Western paper recently criti-cised General Miles for recom-tidy sort of a man came to the mending that the regular army be Sheriff's ollice with Hiram, and increased from 25,000 to some 70,- they looked over the books, and the stranger seemed to be satisfied with what he saw and hadn't a word to say to anybody. A week later he came around again, and this time 000, alleging that this was in the interest of the plutocrats of the cities. Those who think the army should not have been used to sup-press the Chicago mob some years Hiram came to me to draw up the'"8° cannot approve the develop deeds aud transfer the property to|ment °f l'ie instrument used in the stranger, the price being J.'!.000 itnal case to restore order. Yet the for the farm as it stood, in cash. | increase of the army caused by our It was only $500 abova the assessed next "ar would lead inevitably to valuation, and the stranger thought *!'e realization of the proposal of he was getting a snap. I never said a word, for Hiram had given me a fifty-dollar fee, and it wasn't my place to talk. A day after the new man took possession Hiram left the county, and the stranger told the Sheriff in confidence that he had known Hiram back in In-diana, and he was always consider-ed just a little slack-twisted, and the Sheriff grinned and called th General Miles. Once increased t 100,000 or 200,000, the army of the I'nited States would never again be reduced to its present proportions. It would probably be kept 100,000 strong, owing to the more warlike temper created by the war. The navy, too, would be maintained, after the conclusion of the war, on a larger scale. The increase of annual expenses, due to increased resting plans of development ahead, but a combination with the Norfolk A Western will serve ma-terially to strengthen the strong strategic position it holds in the Southern situation. It can well af-ford to haul Norfolk * Western trains from Monroe to Atlanta, be-cause an interchange of business would bring Ohio cities in contact with tbe South by a new route, which virtually means another line from the West into Atlanta. BRIMSTONE FOR DIPHTHERIA. THE — Merchant.-.Tailor HAS EECEIVE1) 11 In IJST-EW FALIj CLOTHS For Made-tc-Order Suits. Pants and pa attention of the stranger to the fact P"hlic debt, army and navy, would that Hiram Hooten had increased hardly he less than if 100,000,000, to the taxable value of that farm from SB>' nothing of the increase of pen- $250 to $2,500 for nothing on earth ! shiners. A small war, such as we but simple justice."—Washington | are supposed to wish to wage with Star. A New Influence In Southern De-velopment. Ore Hill H<ne. four-eighths of a grain of standard gold; dollar, or units each to be of the value of a Spanish milled We are pleased to learn that the iron mine at Ore Hill is now being worked successfully, anil on quite an extensive scale. It is owned and worked by the Greensboro Furnace Company, and the ore is transport-ed by rail from Ore Hill to the com-pany's furnace at Greensboro. The company has constructed about three miles of railroad, running from the Cape Fear & Yadkin Val ley railroad at Ore Hill, and wind-ing all around the big hill in which the mines are located. Between 75 and 100 men are now employed and this number will soon be largely in-creased. The ore, after being mined and before shipment, is sep-arated by a forty-horse power en-gine.—( li.tham Record. Why snll'er with Coughs, ('olds and LaOrippewhen LAXATIVE BaoiiotjriN-INK will cure you in one day. Ooes not produce the ringing In the head like Sulphate of tiuinlne. Put up In tablets convenient for taking. Guaranteed to cure or money refunded. Trice 2.VU. For sale by all druggists. 43-Uiu The statistics given in the Man ufacturers' Record of last week, showing that of the increase of .'.7.- 000,000 bushels in corn exports from the I'nited States for the la.t ten months, nearly 50,000,000 bushels was from the South, the exports from this section having been about 65,000,000 bushels, against 10,000,000 bushels for the corresponding time last year, have Spain, would probably produce all the results here sketched. It could hardly cost lees, owing to the ha bitual extravagance of Congress. A great war with a first class Eu-ropean power would cost immeas-urably more.—Baltimore Sun. The Aggressions Must Stop. CHICAGO, Nov. 26.—A special from Kansas City, Mo., says: Something of a stir was created among the gold standard Demo- . in|,ale it, holding the head over crats here last night by the reading j an,i t|ie fungus will die. of a spirited letter from I). R. Fran j attracted wide attention. Tangible cj9. Secretary of the Interior, at a1 Said to be Sure Cure-Clip This and Preserve It. The PATRIOT has been requested to publish the following, with the suggestion that subscribers clip the articleand keep it for reference : A few years ago when diphtheria was raging in Kngland, a gentleman accompanied the celebrated Dr. Field on his rounds to witness the so-called "wonderful cures" which he performed while the patien's of others were dropping on all sides. All be took with him was powder of sulphur and quill, and with these he cured every patient without ex-ception— that is, he put a teaspoon ful of Hour of brimstone into a wineglass of water, and stirred it with hie fingers instead of a spoon, as sulphur does not really amalga-mate with water, and on the sulphur becoming well mixed, he gave it as a gargle, and in ten minutes the patient was out of danger as brim-stone kills every species of fungus in man, beast, and plant, in a few minutes. Instead of spitting out the gargle he recommended tbe swallowing of it, and, in extreme case, in which he had been called just in the nick of time, when the fungus was too nearly closing the throat to allow the gargling, he blew the sulpher through the quill into the throat and after the fun gus had shrunk to allow of it then the gargling. He never lost a pa tient from diphtheria. Or, if the patient cannot gargle, take a live coal, put it on a shovel, aud sprinkle a spoonful or two of the brimstone at a time upon it let the sufferer it, ti3 Showing the latest styles in Cutaways, Single ami Double-Breasted Backs Prince Alberta. Tuxedos and Full Dress. Shirts, Collars and Cuffs. We will have shirts made to order if desired. Canes, Cmhrellas ami Furnishings 106 South Elm Street, H. H. CARTLAND, GREENSBORO, N. 0. for Infants and Children. "C««torl»N»nw,lli„l:l|.l...H .. l.il.lr. I r.. mead Ii aHMiperiorttiany pr r.|.ii ltIK.nu lorn.-" II. \. Ait, ni:u, M R, 111 So. CUfurxl St, UrwlJju, S. V. ..• | I :.-!..lit, .•Iir.-Sl'.ili.-. l'..Tl-lij..lt]..n. . a u it h, |.» ...Ii.... KructaUon, .. t. . Rivoa sleep, .- '■' *». without Injui fcm.medlcaU I l.ruiiH4><« dl- "Tito us.- ..f "r.i-t .r; t' it so nnln rnal and as in. tin BO welt known a.... ..r Bupuerogatl n 1" end «se if. 1 • lnt.lli.Mtl f.niiili.'S who doootkl 1" ■ ' I taiUliu eat*/ n-ti.-lt." CAUU.3 SUitrvN, 1). 1)., New York t'i' .. "V'T several ;.!!■.' r.""omnwn<T<..| .. I.. .1 . ■ I |■; .' j |. r. -!. j ■ - ■ -1 I. in 11. |:U I ■ 1 K. I'., .... ' ■ .. V ..rkOIlr. proof of the growing power of the South in foreign commerce is af-forded by these figures. Increased grain shipments means better tran-sportation facilities.cheaper freight rates for other .tuff, and naturally, as an outcome, a heavier volume of trade in lumber, provisions and miscellaneous export goods.—Man ufacturers' Record. How to Keep Wrinkles Away. Old People. Old people who require medicine to regulate the bowls and kidneys will find the true remedy in Electric Hit-ter.. This niedicinedoes not stimulate and contains no whiskey nor other in-toilcant, but acts as a tonic ami alter-ative. It acts mildly on the stomach and bowels, adding strength and giving tone to the organs, thereby aiding Nature in the performance of the func-tions. Klectric Hitters is an excellent appetizer and aids digestion, i Oil poe-ple find it just exactly what they need, l'rice fifty cents per bottle at C. E. Hoi-ton A Go's. Drug .Store. ». Confidential Advice banquet held in celebration of the recent defeat of free silver. After A limple preventive against the referring to the recent election and appearance of wrinkles in this: declaring that in his opinion it | Saturate a .oft towel in very hot settled the financial question, at'water, wring it and apply it to the least until the existing standard j face, keeping it there for at last shall have been given a fair and twenty minutes. Then dry the face thorough trial, Secretary Francis very gently. This mu.t be done said: -While I agree with the ad- juet before going to bed. When vocates of sound money in the light j traveling, if the Bkm is very senei-recen'lv made, there are manvprin live, do not bathe the face except ciplee advocated by some of those (at night and in the morning, and who have been advocates of that | then throw a few drops of tincture cause to which I cannot sub : of benzoin into the water, so that scribe. If some legislation is not enacted to check the growing influence of wealth and circum scribe the power of the tru.ts anil the monopolies their will be an up-rising of the people before the cen tury closes which will endanger our institutions." ': ..'-..■ TORS Crrv. Greensboro Roller Mills. NORTH & WATSON, PROPRIETORS. OUR BIR^USTDS: PURITY: A HIGH GRADE PATENT. STAR : A FINE FAMILY FLOUR. CHARS OF GREENSBORO: THE POOR MAN'S FRIEND. These brands have been put on the market on their merits and have given universal satisfaction and are pronounced excellent by the leading familes of Greensboro and surrounding country. We guarantee uni-formity in each grade. A«k vour merchants for NORTH 4 WATSON'S FLOUB. Remember we handle all kinds of tbe freshest ami BKST FKKb beside the best MKAI< ever made in Greensboro. NOBTH &c WATSON, Mi,l Ht Valkfr Avenue an<l C. V. A Y. V. K. R it niav be made coft and agreeable to the ekin.—December Ladies' Home Journal. Resolutions of Thanks. "Bu-le-l with the Irfxty polui ■." write- an Ar-jmiii*" *dllor. "1 MfflreMd my nwn. till nm'.*. la swamp** me miternUely CHHIIHK mud . uint.-nins I had m re In;nil*.-lies ct.au a bar-rel or Jersey MiflunuiB- An o d me-'^ai friend i |i .-■•'. I«t Plaree/eOoWfil Vedleal l».*covery. and it cored me 1 hen (here w-ica r»iiiic.a."ii "I Have taken Hood's .SsrsaparillH I M ; ' - ■"" " "'-uf thank* with gr... hei,e,H,a.„l my wife ^ ^'^^IST VS ■■■''■:<■■ .''^* taken it for scalp diseane ami nervous "tave law wwliMi In tola piper, acxi co i*»v-heatlaches. She has found it a great ; in* nottier Tbemed i "- and «xteia DOT i 10 either MX,on delicate diseases. Unre hook reijef "_R W Rurkett ('oahoitm \ (' aeue and oth.-r m:a-m-iti-diseasei brruaslng tent -ealed in plain eiivelo,* lor io,rm>in reuei- **■ ™ ..Kiirfceir^oauonia, .N.O. , t, nter to aeUveCT. It runiiea iti- ( staropw. Addjrwe. World * biapeuaarT Medical ,.iy :ii.',outt UK<J, *»-<■ nuioii. Buffalo, N. Y. -T -»* nil i blood, so-i i rely mid certain Hood a Pills are a favorite cathartic. u w always in favor. If you Intend to build or enlarge your house, come to us for an . -firnato on Material. We will surprise you on prices. VVe make •> ipecfalty of SASH, DOORS AITO BL.IIT3DS. Now oV.n't think for a minute we arc •"•lliiiic below cost, a* t DC can do business on that basis. Our motto : I-arge -ales, small profits. WSEIT IT COMBS TO GLASS, we can show you the largest stock in the Smith. Guilford Lumber Company, Greensboro, X. C Children Cry for Pitcher's Castoria.
Object Description
Title | The Greensboro patriot [December 2, 1896] |
Date | 1896-12-02 |
Subject headings | Greensboro (N.C.)--Newspapers |
Topics | Context |
Place | Greensboro (N.C.) |
Description | The December 2, 1896, issue of The Greensboro Patriot, a newspaper published in Greensboro, N.C. by W.M. Barber & Co.. |
Type | Text |
Original format | Newspapers |
Original publisher | Greensboro, N.C. : W.M. Barber & Co. |
Language | eng |
Contributing institution | UNCG University Libraries |
Newspaper name | The Greensboro Patriot |
Rights statement | http://rightsstatements.org/vocab/NoC-US/1.0/ |
Additional rights information | NO COPYRIGHT - UNITED STATES. This item has been determined to be free of copyright restrictions in the United States. The user is responsible for determining actual copyright status for any reuse of the material. |
Object ID | patriot-1896-12-02 |
Digital publisher | The University of North Carolina at Greensboro, University Libraries, PO Box 26170, Greensboro NC 27402-6170, 336.334.5304 |
Digitized by | Creekside Media |
Sponsor | Lyrasis Members and Sloan Foundation |
OCLC number | 871565372 |
Page/Item Description
Title | Page 1 |
Full text |
THE GREENSBORO PATRIOT.
VOL. 7.-».
N'AL CARDS.
GREENSBORO, N. C, WEDNESDAY, DECEMBERZI^T
J. RICHARDSON
o, N. a
: -ur»tery in
J. E. WYCHE,
W.fl. Wakefield,
UNCONQUERED.
However skilled and strong thou art,
my foe.
However llen-e thy relenlleu hate;
Though linn lliy hand and strong
thy aim ami straight
Thy poisoned arrow leaves the handed
flOVV.
i'" pierce the target of a heart, ah I
know
I am the master yet of ray own fate.
Tbou canst not roh DM of my own
<«talo.
Though fortune, fame and friends, yea
love, nhall go.
dollear as the same now current,
and to contain three hundred and
seventy-one grains and four-six-teenths
parts of a grain of pure, or
four hundred and sixteen grains of
standard silver; half dollars, quar-ter
dollars, dimes and half dimes
to be of silver and be one-half,
one-fourth, one tenth and one-twentieth
part of a dollar in value;
cents and half cents to be of cop-per
and be one hundreth and two
hundreth part of a dollar in valne.
.11 u
TO
i HI \...i iimi Throat.
Than all things in the balance are
well weighed.
There la but one great danger in the
world—
I hou canst nor forae my noal to wish
me ill.
That Is the only evil that can kill.
—ELI. \ WiiitKLgK WlLOOX.
» i.ii. .1 tur Hi.- PATRIOT.
OUR FINANCIAL SYSTEM
In J! t.ii-i-
: K & SCHENUK,
iTS AT LAW,
AEITED!
ck Cow Peas,
INT CO.
•l nr
i
■clroffe.
Cement!
tiie! Cement!
A mi.i,
LRIES,
-
>TKD IN
' WKIIS
!l our
Ml
. Houses
.' r- and
r Spring
i, Vinei
I'll lions.
, . I'rop'r,
N. I .
I'AKT I.
11 will be recalled by those fa-miliar
with history that we had de-clared
our independence of Kng.
land in 1776. Washington had
gone forth to meet the enemy and
had won the victory. The treaty
r»f peaee was signed at Paris Sept.
3, 1783. During this period we
I had existed as the thirteen states,
with a central government with
powers limited by the Articles of
Confederation. Our capitol was
located at Annapolis, and each
state was represented there by her
congressmen. It was here" that
W ashington came after his revolu-tionary
victory and formally re
Klgned bis commission as com-mander
in-chief of the revolution-iry
forces Dec. 22, 1783. We still
maintained our continental form
of government after Washington
ichieved his victory, and a su-perintendent
of finances, Robert
Morris, hail been appointed. On
- ™ . «n. 7. 1782, he made a report to
lenient! th« Continental Congress on the
| value at which foreign coins were
r, .|!'"'n accepted at the Continental
Lenient ! Treasury. Morris, during the year
of 1784, formulated a general plan
of a financial system for the con-tinental
government, which was re-ferred
by Congress to a committee
with Jetferson as its chairman.
On July 6, 1788, pursuant to the
report of this committee, the Span-ish
milled dollar of four hundred
and twelve and a half grains of
-ilver was adopted as the unit of
This resolution was the be-ginning
of our present financial
-.-'Ni. and what changes were
|uently made were due prin-cipally
to Hamilton. On Feb. 15,
1786, Morris, superintendent of
'-. reported the national debt
to be forty two million three hun
dred and twenty-five dollars. By
wise measures this amount was
largely reduced till Congress adopt
resolution Feb. 21, 1787, call
ing a convention to assemble at
Philadelphia to adopt a constitu-tion
for the United States. On
M iv 28, 1787, the debates by the
representatives from the states lie-on
the constitution, and finally
the constitution was finished and
t he convention adjourned on Sept.
17. 17<7. Washington, after hav-ing
acted as commander in-chief of
army and presided over the
( onstitutional convention, was nat-
,n ally chosen our first l'reaident
and tools his seat April 30, 17.S1).
lie appointed Hamilton Secretary
of the new L'. S. Treasury, and
nnc of his first ollicial acts was a
report on the public debt, which he
stated (1) domestic debt forty-two
million four hundred and fourteen
thousand and eighty-live dollars;
foreign debt eleven million seven
hundred and ten thousand three
hundred and seventy-eight dollars ;
state debts about twenty-one mil-lion
do'lars.
As they had both as state and
central government fought for a
common cause and the debts bad
been amassed in the endeavor to
free the country the government
accordingly assumed the debt, and
HI rdingly our new Republic start
ed life with a national debt of
about seventy-five million dollars.
Art. I., Sec. 8, par. E>, of the Con-stitution,
provided Congress shall
have power to coin money, regulate
the value thereof and of foreign
coin, and lix the standard of weights
and measures. Art. I. Sec. 10.
par. 1. provides that "no state shall
coin money, emit bills of credit,
make anything but gold and silver
coin a legal tender in payment of
debt!." Accordingly an Act es-tablishing
a mint and regulating
the coins of the I'nited States was
enacted by Congress April 2. 1792,
which provided. Sec. 'J, "And be it
further enacted. That there shall
be from time to time struck and
d at the said mint, coins of
gold, silver and copper, of the fol
lowing denominations, values and
descriptions,yix: Kagleseach to be
of the value of ten dollars or units
and to contain two hundred and
forty seven grains and four-eighths
of a grain of pure, or two hundred
and seventy grains of standard
gold ; half eagles each to be of the
value of live dollars, and to con-
CHICAGO ,al" "ne hundred and twenty-three
bow, H. C." K'-ins and sis-eighthe of a grain
of pure, or one hundred and thirty-nlrlr
»«i wim .-«n think five grains of standard gold ; ciuar-
'IPH ' , . ...» i
•"'-'" MI let eagles each to be of the value
. : ',. of two dollars and a half dollar,
if*0™* and t) contain sixty one grains
_,:>r7 " and seven-eights of a grain of pure
,. gold, or sixty-seven grains and
. d«.l -hall my true ..If be TnV.L^o?',U 'TT T^l hurled; ' . 'he.proportional value of gold
Hoi shall I meet my worst assaults!10 ei'Ter in al1 coine which shall by
law be eurrent as money within the
United State, shall be as fifteen to
one, according to quantity in
weight, of pure gold or pure silver;
that i. to .ay, every fifteen pound.
weight of pure silver shall be of
equal value in all payments, with
one pound weight of pure gold, and
so in proportion a. to any greater
or less quantiti*. of the re.pective
metals."
Thn. it will be noted that the
silver dollar was made the unit of
value, and every other coin the
acts specify shall be of the value
of .o many dollar, or fractions
thereof.
HE WA8 GREEN.
And He Kept Getting Wonted Until
He Was $2,000 Ahead.
The Texas Judge was giving the
Star reporter a few wild steers, so
to speak, on the manners and cus-toms
of the people of his greatest
and second to none state in the
glorious galaxy of the Union, or
words to that effect. And the re-porter
was observing at the same
k SCALES,
" From Its Inception to the First Le-
II is, perhaps, safe to say that
some of our politicians have no
eoniidered fully the financial re-suit,
of war, .hould the United
States for good reason decide to de-clare
war upon any power. There
would, of course, on the first de-claration
of war be a severe dis-turbance
of business, witlTa decline
of values, but that would have been
time how unlike the Judge was inspected. There would be a|eo a
this respect to any and all Texans i vei7 heavy increase of taxes il
he had met. Congress should decide in favor of
"Speaking of tenderfeet" said , th« sensible policy of meeting the
the Judge, with proper judicial military expenses of each year out
NO. 49.
i;.il Tender Act, Feb. 25.1862.
*zHer .IS\>
. I.'emedy In
:. J every kind
mplaint Is
Mller -t dement and
idc too strong
mphatlc.
1 quick
I thache,
.-. and 60c.
He ware ot
ns. Iluy only the
i y Davle*.
-ryu-hrr*.
c -
As early as Is 10 gold began to
disappear from eireulation and had
wholly disappeared in 1817. Our
national debt by 1812 had fallen to
forty-five million dollars, and it
was rapidly reduced till 1836, when
it was paid off.
The first bank of the United
States was established in pursuance
of Hamilton's recommendations in
17111 and continued till 1811, when
its charter expired, and it was not
allowed a new charter by Congress.
This bank had a capital of ten
million dollars and branches estab-lished
in most of the principal
cities of that day. It was a sue-cess
from a financial standpoint
both to the government and to its
private stockholders. The second
United States bank was established
by Act of April 10, 1816, and con-tinued
till President Jackson veto-ed
the bill renewing its charter on
the ground of uneonstitutionallty,
and when reminded that Chief Jus-tice
Marshall in his opinion, Mc-
Culloch vs. State of Maryland, i
Wheat, 235, had held the charter
constitutional, Jackson replied,
"Each public ollicer who takes an
oath to support the constitution
swear, that he will support it as he
understands it." Gold begaa to
grow scarce in our circulation as
early as 1S10 and had wholly dii-appeared
by KS17, and hence we
did business from that time till the
Act of June 28, 1834, with silver.
Thi. Act changed the ratio of sil-ver
to gold from 15 to I to 10 to 1;
that was, instead of having the
eagle contain two hundred and sev-enty
grains of standard gold it was
ehanged so as to have two hundred
and fifty-eight grains of standard
gold. Ky reason of this Aot gold
was made the cheaper metal and
consequently immediately began to
reappear in circulation and silver
dollars disappeared. The Act of
March 3, 1840, gave us our first
gold dollars aud also our first twen
ty dollar gold pieces. Silver, as
previously stated, having entirely
disappeared from circulation ex-cept
some subsidiary coin and some
foreign coins that had been made a
legal tender in this country, it was
thought by Congress advisable to
devise some plan whereby we eould
have our silver again in circula-tion.
Accordingly the Act of Feb.
21, 18S3, provided, "That from and
after the first day June, 1863, the
weight of the half dollar shall be
one hundred and ninety-two grain.,
the quarter, dime and half dime to
be respectively one-half, one fifth
and one tenth of the weight of said
half dollar."
See. II. "And he it further en-acted.
That the silver coins issued
in eonformlty with the above sec-tion
shall be legal tenders in pay-ment
ef debts for all sums not ex-ceeding
five dollars."
It is evident that gold was over-valued
by our first Act placing the
ratio at 16 to 1, and that it was un-dervalued
by the 1831 legislation
that changed the ratio to 16 to 1.
In the first instance gold all left
circulation; in the second instance
silver all left circulation and that
led up to the Act of 1853, which
reduced the valne of silver subsid-iary
coins so as to bring them back
into circulation.
The acts that I have thus far
cited cover our financial legisla
tion till after the civil war. When
Sumpter was fired on our debt,
whioh was nothing in 1835 and our
Treasury had a surplus in 1836,
was $0O,5S0,873.
dignity, "Hiram Hooten, who came
to my county when I was a young
man, was the rarest specimen I
ever met with. Hiram had a twung
to his speech, a good deal like an
Indiana Yankee, when he first came
to the county, but the Texas climate
softened that of its angularities, so
that at the last we did not care
where he came from, and Hiram for
some reason never told us. The
things that Hiram did in the way
of honesty were too numerous to
mention, and his simplicity of
character was really painful, espe-cially
when one of our citizens sold
him a farm for $500 that nobody
of the revenue of that year. Such
a policy, however, it is to be fear-ed,
would have few advocates, the
plan of shifting the burden to the
next generation being almost al-ways
preferred by legislators. This
means a heavy issue of bonds to
the amount—for a starter-of some
$000,000,000, the yearly interest on
which under the circumstances
would hardly be less than $25,000.-
000.
Army and navy would, of course,
be very much increased. We
should wish to garrison all our sea-ports,
for which purpose 100,000
men might be required, and for op-
ROANOKE & 80UTHERN.
A Report that its Recent Bale May
Play an Important Part In Rail-way
Development.
NEW YORK, NOV. 26—The Mai
and Express says: The sale of the
RoanokeA- Southern Railroad at
Winston, N. C, yesterday to inter-ests
identified with the Norfolk *
Western has greater significance
than usually attache, to the .ale of
a line 120 miles long. The property
was bid in for $;,00,nO0, and it is
!HldvhV u Wi" S"0n ,,e the Norfolk A- We.t.rn for>•■a•««lontgo
term of years, perhaps in perpetuity.
The road has been operated by
the Norfolk * Western for some
time as one of its divisions, and it
extends from Roanoke, Va., to
Winston-Salem, N. ('., one hundred
and twenty-two miles. The object
of the acquisition by the Norfolk
* Western is that it is to play an
important part in the extensions of
that company.
The present management of the
Norfolk * Western is desirous of
securing p.n entrance into Atlanta,
from which important centre it is
virtually shut out. The south main
line of the company extends from
Hagsretown, Md., to Bristol, Tenn ,
and at the latter place the Eastj
Tennessee, which is part of the!
Southern Railway, begins and hauls
the through care to Chattanoega
and New Orleans over the (jueen
and Crescent. The desirability of
an entrance into Atlanta is strong
in the estimate of Norfolk * West-ern
interests and it i* proposed to
attain that object by fuming a
close tralll.- alliance w uli the Sea-board
Air I.me.
In order i
Will lie riece.
-A- ^R-A.IL_RO_A_:D CENTER.
■masovi,''
aaaVt -*
DUMIUCiV*l
would have at any price. Hiram, erations in the Held as many n
however, never complained, and he '"
managed somehow to make a living
on his farm, which some of our
people could not do on better ones.
He had also managed somehow to
have a little money in bank, and,
notwithstanding his guilelessness,
it was not considered safe toward
the last to monkey with Hiram in
soldiers would be needed. Forts,
guns, ships, contracts—spending
on a vast scale would be impera-tive.
If the power we were about
to fight were a naval power, our
exports of grain and cotton would
be at once arrested, with the result
of a glutted home market and low
prices. Soldiers in the army would
SIMMONS
REGULATOR
ASK the n |