The Abilene Reporter. (Abilene, Tex.), Vol. 11, No. 50, Ed. 1 Friday, December 9, 1892 Page: 2 of 8
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. CITY DIRECTORY
B2CRXT tOCIXTlKS.
Abilene ComtnttuUi? NotT. Knight TVmp-
lar holJ lt itMcd concur in their ylnui
UUrtl Uoor l'orter A lleore bulMlnir corner
Sortu Second nd l'lne utrcctm o iho en.il
Monlr nlxnt In turn month. YUltlng Sir
Xulgbu oonlUIlr Invlicil to Attend.
J. CI. Cuntui
Km. Commander.
Orr. C.tUnitRecorder
Ablletw Ctupltt No. 119 a A. V.-lIold lu
twl convocation! Uiaiproiid KrMr nlitlil lit
wen month In their hull third floor. Porter nd
Rmtm btilldlnif corner Wtie nd forth Second
Kteeu. W s. O. Joiuorfos 8ocrctrr.
J. Rid M. K. Jl. 1.
Abllenetadfo o. MS P. unrt A. M.--HoMjsIU
Hated commttnlcfttlont the nrrt Saturday nliht
in etch month In their hull third floor Vurtcr
and Uccrei bulUlnjr. corner Wn and North 5co-
tnd trU. w 8. O JouNaoy SccreUrjr.
n. n. cook w m.
t 0. O F. Meet Terr TuwJajr night In the
K. or P halt AH vlitllu brethren cordially ln
Md to attend. W. II Tntrt N. Q.
J. W tUxi-roH. Secretary.
surof the Went Lodge No. . K. of P. Met
Terj Thurmlay etenlng at lu Catle llalU VUlt-
tnc Knights cordially Invited to attend.
c VitLKDOT.c c;
8. 3 BambK. of B. and S.
A. O. V. W. Mccta every ffrt and third Toe-
day nlfht. In K of P. bait All flatting biethren
cordially Itiyltcd. J W. Bran. W V.
J. S. Arrlngtoa Recxirdcr.
The Woman Christian Temperance Union
meet eTery Br nd third Tuewday In each
month at S o'clock at Mrs. J. N. Miller residence.
All ladles Interested In temperance work are re
netted to meet with us. uemib Patipsok
Mm. J. N. Mitts becretary.
Prealdcnu
CHTJXCH DIRECTORY.
Jim Baptist 8nnday school. :S0 a. m.: eer-
nces at It n.m. and S.SOp. to.! prayer meeting
trery WedneUT night. R T. 1IAXKS.
A. II KlltUt- v Pastor.
Snuday School Superintendent
Method)!. South Snnaay school. tl:SO a. m.;
serrlccs at 11 a. in. and 8 t iu.; pracr meeting
srery Wednesday evening at 8 p. nu
lUm-rox
Pastor.
Church or the Heavenly Rest Scrrlces on bun-
day at 11 sum. and "tan p. m. excepting on the
fourth Sunday; Wednesday evening at 8i
-Juaday school at 8 $0 a m.. r
Christian Church SuniltyschpoUt9.3rta.ra.;
scrnc every Suhda at 11 a. m and 8 p. m.;
snyer meeting Wednesday night at 8 p. m.1
communion fcerrleea. lust after bandar Khoul on
lrst and second bnndtrs. and Just alter preach-
3H on third and fourth Sundays.
O.A.Faius.
Pastor.
Cumberland Presbrterian Church Service
every Sunday morning and evenlnct Snudsy
school at tan a. m.: prayer-meeting Tbortday
wen In Her- O. C DeW ltu pvtor
Flrrt Presbyterian Sunday school. 9:15 a m.;
serrlce at II a. to and at nl;hf prayer meeting
srery Wrdnesilay uighu KerC R. Dudley 1J.
IX. jmsior.
CITY DIRECTORY.
Mayoi U. A. Porter
AMor W J. Thompson.
Treasurer Kd. 8. llnghc.
Attorney Jno. A. A llllams.
w;retary TV. O.Swanson. '
Marshal J 1. Clinton.
ALDERMEN
J. O. Lotrdon. John IcCamley.
W. S . Johnson teorge C. llarri.
CETaht.
KegnlarMeelmEi-Secondand fourthTuesdtr.
COTTRT DHUiCTORT.
D1STB1CT CODBT
udge Vi B. Cotnor
Attorney 8. P. Hardwicke.
Clerk D.J. Red.
11 ecu on the third Monday In September.
conn cocnx
Judge a. a. Hill.
Attorney -8. P. Hardwicke.
Clerk Dorid J. Red.
Meets on the flrst Monday lu Tcbruary April
one August October and December
coamssiomts coCet.
Jndge-D.O. Uill.
Commissioner J. T. Tucker Jno. Pratt IL
C. M. Drsdshaw VU C Loyns
Regular tcssion on the second Monday in Peb-
uary.MayAnrustand November Meets as a
soanl of equallutioa on the; first Monday In
.'nne.
COUHTY OFFICERS.
Judge D. Q. II to.
Attorney 8. P. Hardwicke.
Qerk D. J. Hod.
ih'riaT J. V. Cunningham.
Treasurer O. A Witt.
Oar National Currency.
WASiUJiOTON Npv. 25. The forth-
coming reporrof the comptroller of cur
rencyv Hepbnm shows 163 banks with
an aggregate capital of $15285000
organized during the year; 53 went into
-voluntary liquidation; i 7 became insol
vent. Thiuy-five per cent of the new
banks were located in the southern
states. The comptroller recommends
that the tax on national bank circula-
tions repealed or they be only assess-
ed an- amount sufficient to defray
actual cost to the government of provi-
ding the circulation; also recommends
that the government imie bonds having
twenty thirty and forty years to run at
a low rate ot interest with which to
retire the presentbonded debt of the
United States which bonds nuy be is-
sued as a baiis to secure national banks'
circulation The comptroller shows by
exchanging a 2 per cent bond having
the sime length of time to run for 4 per
cent bond outstanding at the market
value of each on Ocr. i 1892. the gov.
ernment should have saved $6Si6i.
51 1 In addition to furnishing a perma-
nent basis for circulation it would prove
a great saving to the tax payers of the
country and that the comptroller with
the approval of the secretary of ihe
treasury be erapdwered'to remove offi-
cers and directdf&f banks for violation
of law the vacancy m caused to be fil
led ia the usual way first giving such
officers and directors the opportunity
to be heard; that bank examiners be
required to take an oath of office and
give bonds In n amount and with se-
curities as the cpmptroUer be allowed
to appomt genera) examiners of con-
splcous ability and experience to he
MIBT AM CCW8 rARTHKST-
lonnlt ot Its Instantrtnootw propnmtlon nnii rondor 1t
Highly D'gwUblo and Nutritious.
paid out of public funds whose duty it
shall be to visit assist and supervise
various examiners in their several dis-
tricts in order to secure tin formity in
method and greater efficiency in work:
that the law be so amended as to pro-
hibit officers or employes nf banks bor-
rowing its funds ill any manner except
upon application to and approval by
the board of directors.
In the chaptci in regard to circula-
tion the comptroller say: "Soiled pa-
per money is popularly believed to be
a potent means of disseminating infec-
tions and contagious diseases. The
statue provides tor redemption of Uni-
ted States notes when trey are so mu-
tilated or so injured as to be unfit for
use and for redemption of national
bank notes when they are worn defa-
ced mutilated or otherwise unfit for
circulation. A note with apcumu !ated
filth of continuous use is unfit for circu-
Luionand should be redeemed. Send
in the old and let people have new and
clean maney."
The report also says: ''The na-
tional banks have furnished currency
adcquite to the wants of the public
sound clastic and beyond criticism.
This form of currency should be
continued as the moiiev of the luiure.
The -Constitution prohibits states coin
ing money or making anything exi
cept gold and silver legal tender.
State bank bills when issued add
just so much to the liabilities of the
bank. They would circulate freely
tn times nf prosperity and confidence.
Id times of monetary stringency acd
general distrust they wpuld return nt
the banki for redemption. They would
have to be redeemed in legal tender
mrtney provided by congress. Con-
gress must under the constitution
provide all money that possesses full
debt-paving power. Bf every consid-
eration of sound bushiest principles
it should provide all money the coun-
try requires. No public interest can
be sered by dividing this function
with lotty-four states. Every period
oi financial depression in the past has
resulted in suspension of specie pay-
ments more or less general by the
hiiiks. The same condition would
produce similar; results in the future.
If state bank notes are allowed to
circulate their acceptance 1; not volun-
tary and becomes a necessity
'Many mine owners many manu-
facturers and a large number of em-
players of labor practiced paying half
in store orders in order to control
their trade or make an extra profit.
Surely under the law acceptance or
rejection of such orders was purely
voluntary and yet acceptance lor
fear of loosing employment was gen-
eral. So great had the abuse become
that many states have enacted law
compelling corporations to pay labor-
ers at regular intervals in money.
This wealthy class cou'd provide them-
selves with means of discriminating
against the notes nf weak banks and
it they found thems;lves possessed
of any would proceed to work them
off upon their unfortunate neighbors
"1 hat is the record of the past. It
would be the experience of the future
To the average laboring trim a bank
note reporter and detector would be
as inexplicable as the binomial
theorem When the bank susoehds
the fact that the note is secured and
will be eventually paid is jioor conso-
lation to the laborer who needs the
money for daily use. The note of the
failed national bank is as gooi as
that of any bank in the system
This restoration of "stale bank
circulation ponends disaster to that
class of citizens who mast need and
Jiave most right to ask for protection
from the government. Stat bank
circulation loses its money power in
a crisis It is a source or.weakness
and adds to danger. Instead of
paying Bebts it conies forward itself'
to be paid.". Press Dispatch.
The International monetary Conference-Austro-Hungary.
Belgium. France
Germany Great Britain Greece Italy
the Netherlands Portugal. Roununia
Russia. Servia. Spain. Sweden and
Norway Switzerland and the United
States were the countries represented
in the International monetary confer
ence which operied at Brussels last
Tuesday. Mr. Montefiore Ievi of
Belgium was made president of the
conferenc He expressed the hope
that the members would sink individ-
ual interest and look to the interest ot
humanity in general. From the earlier
proceedings it is seen that the delegates
are not empowered to take actijn on
any plan proposed but are merely to
report to their respective Governments
what plans were proposed by other
"mumnitrf
luviiitytji a
Naturally the liveliest interest has
been manifested in the nature of the
American proposals; which it was ar-
ranged would be submitted to the con-
ference on Friday. The American
position was set forth by Senator Alli-
son and Jones but great secrecy ap-
pears to be observed concerning it
and the president of the conference
objected to have anything regard to
it published ccording to a ciblo
dispatch the American delegates sub-
mitted a resolution declaring that in
the opinion of the Conference it h de-
sirable that means be found for an in-
creasing use of silver in the currency
systems of the nafons. In a docu-
ment presented with the resolution
they explained that they wished that
an opportunity be afforded that they
consider their plans. At the same
time they submitted a general plan
on bi-metalism offered by the United
States setting forth that the re-establishment
and maintenance of a fixed
parity between gold and! silver and the
continued use of both as coined money
of full debt-paying power would be
productive of important benefit to the
world and that these ends would be
accomplished by the remqval of the
legal restrictions now existing and the
coinage of silver into full legal-tender
money restoring by international
agreement a parity of value between
the metals at suclt a ratio as the con-
ference may decide upon. The essen-
tials of such an international arange-
ment they urged should bi.
'(1 ) The unrestricted coinage of
both cold and silver into money of full
debt-paying power
"(2) The fixing a ratio in the Coin-
age between the metals and
'(3.) The establishment of a uni-
form charge if any. to the public
for minting gold and sil"cr coins."
One of our best known bank presi-
dent and one too ho is probably
as well if not better posted on the
silver question lhan most men in
speaking ot the good whiph would ac-
crue from the discussion of the mani-
fold questions which would arise at the
conference said he thought the dele-
gates from this country would find
something much larger than they were
looking for. In oiler words he drew
a smile which seems vtry appropriate;
"it will be" "he said "like the man
who was looking for a needle and
found a jackknife.''
The conference will meet three
times a week and iu's hoped that the
secrecy which has been thrown around
the proceedings in the early portion 01
the meeting will be dispensed with
and the peoph who are as deeply in-
terested in the vital questions which
will arise in the conferehce as the dele-
gates themselves will be given a
chance to discuss the pro and con the
relative proposals that are advanced.
The Financier.
Tr'ide and Finance.
The commercial world begins to
realize that this country is not going
to the "demnition bowwows" on ac-
count of the election. The eastern
financier succeeded for a few days
in working themselves and their con-
stituencies in the tariff-protected and
mortgage-holding states into a high
state of nervous excitement over the
probable effect on business which
would follow the democratic triumph
but they have cooled down n w and
with many wise sliaks of the head
they concede that whatever may be
thi later effectb of the new commercial
policy nothing in particular will happen
at present. By and by they will reach
the point whpre they will be compelled
to admit that taking the whole
coun'.ry into consideration and not
overestimating the political impor-
tance of the nor heast corner prhaps
after all the close of the area of good
stealing was not a bad thine fur the
nation. This concession wll never
be formulated and possibly will
never be made even in thought by
the eastern financiers but in the west
the situation is already understood and
producers of the country have re-
turned to their tasks with light heuts
and renewed hope of the future.
Rates for money have not shown
much change and continue to rule at
about 7 per cent for all dates on
commercial paper at St. Louis with
6 per cent on Collateral and 5 per
cent for call money. In New York
call money averages about 4! per
cenr 5 per cent for Co days and 5
for longer periods on collateral The
demand for commercial paper js
strong at CiQm 5 to 6 per cent. The
open market at Paris and Berlin has
been 2 per cent and 2t Frankfort
In London Co to go day bank bills
are quoted at 2 per cent. Domes-
tic exchange has ruled at nominal
rate all the week New York ex-
change alone showing any activity.
Foreign exchange was strong and
advanced steadily. Sterling closed
at $485 to $485) for long and
$4 87 J to $4 88 for short. The firm-
ntss of exchange has led to further
exportations of gold but this feature
of money market no l.onger operates
as a panic creator. The times when
men were badly frightened at the
shipments of gold from the country
are not very far back but a better
comprehension of flic fact that trade
is barter and that money in the form
of gold silver pr paper is but the
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The Abilene Reporter
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Texas
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oliday H xGcirsioijs
5
Jo 5l?e outbast
December 20 21 and 22 1892.
......VIA THE
Cotton Belt Route
Tbe Through far Excursion Line.
One Fare for the Hound Trip to
St. Iitmis Memphis
Cincinnati Louisville
And all principal mints in
Texmesee Kentucky
Mississipi Alabama
Georgia North and
South Carolina.
Tickets good for return until
30 Days from dat? of Sale.
TWO DAILY EXCURSION TRAINS
CARRYING THROUGH COVCHES TO MEMPHIS.
For ratp map ami nil flrtlier Information
address tbe ucurf tt-'t agent ot the
COTON BELT ROUTE
pit
V. II. JO VES. II. WISFIELD.
Trav. Ii'r A gt Oeu'I I'ass'r AgU
IT VUltTlI. TEX. TVLEU.TEX.
counter in the game the "chip'' which
the players toss across the table to
each other in order to keep count of
their transact o l has led men to un-
derstand that it is not a very serious
matter who has the chips afier all
as they only represent the exchange
of goods of the real wealth in which
the playeri are trafficking.
The railroads are doing fairly well.
Etst-bound freight in grain and pro-
visions has fallen off somewhat but
that was to have been expec;ed. The
Pennsylvania roa'I reports results which
are good in some respects but in oth-
ers not all together satisfactory. The
Baltimore and Ohio annual report
shows a small decrease on its lines
east of the Ohio river and a corres-
pondingly small increase on its western
lines. Nothing liar been done by the
western roads towards reorganizing
the associations and it if hardly prob-
able that anything will be done in that
direction before spring. The ' traffic
is large already and the World's fair
traffic begins to nuke a considerable
showing. Witt) all that the companies
can reasonably do in the way of carry
ing freight there is not much incentive
for rate cutting and the associations
will therefore be permitted to drift alpng
for some time to come in their present
condition St. Louis Republic.
J. T. Page & Co. dealers in coa)
keep in stock bituminous semi-anthra
cite Peidmont blacksmith and McAlis-
ter coal' leave your orders with them
1st door cast Windsor hotel. 47f
Bele Brooke Edgewood and Cuvier
Club whiskies at George 0- O'.aves 35
Call at the Arcade for pure whisk ev
and fine wines W. A. Gray. 10-tf
31
From now until
January 1st
Farm and RanuW
For-One Year
FOR $1.50.
"WOTSj $1.50
BASS BROS.
You are cordially invited to come
and see our large and varied stock
We have many new ana novel articles
well worth seeing both us ful and orna-
mental suitable for both old and young.
West Pine Street Abilene Texas.
SPATTIiDING BEO'S.
Plumbing and Machine Shop
Full stock of Pipe and Fittings Bath Tubs
Sinks Etc. Etc. always on hand.
Machine Repairing a Specialty.
Southeast of Freight Depot - Abilene Texas
iEOGW(GO.
Wholesale
GROCER8
North Side Corner
H. A. HANCOCK
Keeps
Enterprise Wind Mills
Wagons and Buggies ' ..
Riding and Walking -Plows J
Pipe and Pipe Fittings
9W9
line of Plumbers goods y
Let me give you an estimate'. ' :
on your plumbing.
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Christmas Greeting. Y
Agents for
PERKINS
KltlND
TvttUUS
THE BEST
and Retail
Pine and Second Streets. . '
In Stock.
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PUMPS and a complete J;
A. HANOOOK.
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Hoeny, John, Jr. The Abilene Reporter. (Abilene, Tex.), Vol. 11, No. 50, Ed. 1 Friday, December 9, 1892, newspaper, December 9, 1892; (https://texashistory.unt.edu/ark:/67531/metapth330791/m1/2/?q=%22~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Abilene Public Library.