Historical Newspapers of South Carolina

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OUR FINAN 1AT SYSTEM. COL. YouM-%NS OELVE: DEEPER INTO ben. To the di~tr of The State-in my last article it w s 1y urpose to show that the divergee in the bullion val ue of the silve r .ndte gold unit was not (as vou say) due :o a drop in sil ver. but to a rise in gold. BY conp'r ing the two i-tr dcty one with the other. we CanIot t el whih metal is chaningin - l 'he 11mation may' be compared to a dp where ther'e are two trains. one of which s in mo tion: a passenger may be sitnig in one of these trains looking directly at the other, he cannot tell which tramn is moving: but by withdrawin' his gaze from the other trai( dbserv ing the surrounding objects. le can very readily ascertain whic'h of the t wo is in motion-so with gold and Suiver, we have to compare them witn other, values, and in doing so. wei wit rat silver has maintained a .mtorm ratio of value and general ipariv of neas urement in propity vaiues: while gold has more than d ubled its pur chasing power, measurimg more than twice as much in property values now as it did in 1873. In 1S73 they were both considered 100 cents dollars in bullion value: the silver dollar meas ured by property is worth the same ii bullion value now that it was in 1873; while the -old dollar is more than twice as valuable. Therefore, meas ured by property the silver is the 100 cent dollar. and the gold dolkr, which is twice as valuable, is a two hundred cent dollar. The gold unit, as tile standard of val ue is unreliable and dishonest, con stantly anticipating in value anad in creasing in its measurement of prop erty. it violates the equity of every contract, where payment is deferred, and enhancing the value of all money and money obligations, it proportion ately increases the burdens of all debts, taxes and fixed charoes, de presses the price of all the proaucts *of Jlabor and depricates the value of every species of propertv-to such an extent has it disturbed property values, as in many instances to amount almost to virtual confiscation. The question one is now asked on every hand, not by the idle, the thriftless and incompetent, but by energetic, sagacious and hith erto successful men of business, is not what shall I do to make money, or ac cumulate more property. bat how shall I manage under existing circumstrnes (under the propitious inl luences of the bankers "honest 9old dollar. "sound gold dollar," -'ful value money of the world") to hold what I have ulready acquired? As stated in my last article, it is my purpose in this, to discuss the propriety of maintaining in this country a sys tem of finance based on the European standard, a policy which can not com mand a single sound argument in its favor: but azainst whichi can be read ily presente'l the most serious and weighty objections. The disengenu ous argument, that any variation of the standard between this country and the eold standard nations ot' Europe, woulId unsettle our exchanges and prove a great disaster, so persistently advanced by the leaders of the mono metallic system, are directiy refuted by the experience fiom 18635 to 1879, a period of fourteen years, when we had neither a gold nor'a silver dollar, but .a variable, inconvertible paper dollar; a dollar which ranged in specie value from 42 cents up to par. During that 'period our exchano'es were conducted with the same facility as now, and so far from being disastrous, we were much more prosperous than now, and wvere imprting.gold instead of export ing it. .Lt is frequently claimed that an inconvertable legal tender paper -money is superior for domestic circula tion to a me~tallic currency. Says Prof. 'Walker: 'Limited cir culation, non exportability-then may be regarded as of the essence of this money." "Let it be remnembered,' said the Continental Congress in their address to the people. September 13th, 1779, "that paper money is the only Irind of money which cannot 'make wings unto itself and fly away.' It re mains with us; it is ever reaay and at hand for the purpose of commerce or taxes, and every industrious man can find it." Mr. Duncan in speaking of his school of political economy, says: "It af firms that every independent State is entitled to issue legal tender for its own mnternal purposes, in discharge of private debts and public taxes. within its own realm; such legal tender not possessing intrinsic value, but only a conventional value derived from the authority of the State which calls it into existence. "'Thus secure of being always kept within the realm of the State which created it. this legal ten der would be the special monetary in strument by which all fiscal obliga gationsandmercantile liabilities would br discharged at home." _ . .Currency, p. 28, Mr. Wells in his tract " Robinson Crusoe's Money," makes the following citations to the same effect: "Beyond the sea, in for eign lands, it (the greenback) is fortu nately not nioney; but when have we had such a long and unbroken career of prosperity in business as since we . adopted the non-exportable curren cy?' Comparing the argunients of *thie-leaders of the monoinetallic sys temn when speaking in favor of heavy tariffs to restrict our commerce with the gold standard nations of Europe. with those used when advocating the adoption and maintenance of the gold standard to preserve aind advance these ~exc-lianges, we note such a contradic tion as to destroy all confidence in their operations. When they argue in favor of heavy tariffs to shut out the comnmerce of these nations; that they may be empowered to monopo lize the markets of the South and WVest and levy heavy taxes upen them to enrich their manufacturers--they point to these nations as miserable despo tisms, whei'e the people are not free they portray in gi'uesomne colors the abject poverty and wretch~edne'~ss of the masses of these p~eople and raise their hands in holy horror at the bare idea of placing the "free Amner'ican la borer'' on the same industrial plane as the pauper labor of Europe. They even point to Engl nd as a country in which the condition of the depr'essed andi helpless masses is so ele "im- 2-: ' - - cent. of themn being pa cite the sym::athy of mankind. But when theyr wish to plunder the South and West~ by doublinig and quadrup ling their dollars. which they have wrung from them by iniquitous tariff laws, and depress the price of their cotton and wheat, i~y point to these nations as models of g.randeur and glory. They say, behold England, she should be our examphr'. by the adoption of the gold standard she has brought universal prosperity. upon her pole-the gold standird. has made hrtefinancial and comanneria! een ter of the world. To hear these magnanimnous states men of the Northeast. wie ad :ocat ing legislation to double and quadru ple their monry and cre'dits, dePspite the fact that these samte measures ih rt iaustries dwelmg with j Is. w1,1 sntimemityla. oil the sacred I (11tv A. 1laintaiinin"g inviolate the na ilod criedit and national ionor, and preirving ree froni aid unfettered by ai anci obstructions our ex en-es with the great trading nations of Europe, One would never suppose that these wvere the slf-same patriots who, wVhen equall Y intent ol robbing the South and W' by tariffs. had ar supd in favor of the Anerican systemfl I and for the bui i of a Chincse wall around the U'il States to siit these 1ohl st-imdard : ations ()I!. -ir Archiiald -lson. a ian of great in teilectual foice. of ,ailosophIie tm n of iiuiad and supe-irb attainmiielts. who Ilad; given to history and the ecolomy of niations the study of a lifetime. and who, perhaps, h ad a more con preliensivo knOwledge of the 'true seI ence of inan oce hanil- any writer his age, has told us t..t the great ob jects of a currelncy are to lie a( onat@ and celainable and that the greatest possible mistake which canl be cnimitted in regard to the cireu ating meium. are to estali11 it on a basis whicl is either too narrow or liable to iluctuation-that n1o nation should base its entire circulation on retentions of the precious metals, and that any nation which did so rested its erie'lation oil a double set of dan neer because being the most coveted and precious of all articles. they are universally acceptable, and are more readily received than manufactures or other merchandise in payment of foreign importations or in liquidation of foreign loans;" that a correct svs tema of finance requires a double cur rene. one convertible on demand into the precious metals for conducting for eign exchanges,- the other not so con vertible, to sustain domestic industry -the latter currency subject to expan sion in proportion to the abstraction of gold. Restriction to adequacy and non-ex )ortability are the only means by xhich a nation can give that steadi ness and uniformity to its circulation which will maintain the security and steady value of propertv. and stimu late to their f till capacity its business activities, by insuring to well-directed effort the certainty of its just reward. This encouragement alone to the pro ductive agencies of a people can give that impetus to investment, to enter prise. of energy and industry which in sures general prosperity. A currency based On the retention of the precious metals is liable to drainage, by panic or war, in any nation or nations of suflicient importance to create an ex tensive and stringent demand for their metals. It is liable to expansion or contraction. not according to the eco nomic demands which may arise in its own territory, but according to the iuflux or ellux of these metals-sub jecting the business element to that fluctuation in values which renders all undertakings uncertain. which chills enterprise and investment and Naralzes industry. These ob)jections were considered by .ilison as suflicient obstacles to this system of finance when the basis rest e' on the coinage of both metals: they dw apply with more than double force when the basis has been reduced one half by confining the coinage to gold alone.' Gold. in universal request. the most desiraHa- of all articles, with all the great nat'ons struggling for the lion's share. zo narrow by far in vol nine for the basis of the circulating medium required by the business of the commercial world, it moves fever ishir hither and thither wherever the exigencies and demands are greatest. leaving contraction, bankruptcy and ruin in it wvake. The mamipulators of finance for the purpose of doubling and trehling the value of their money and money obligations are continu ally adding to the superstructure of thIs system of finance, already top heavy, by spreading the gol stand aid over nation after nation-mecreas ing the demand for gold and augment ing its value: they are compelling the people of every o-oldi standard njeon to depress their labo -and reduce the price of their products so as to under bid the necessities of any other gold using country. A distinguished United Statessen ator has jlust stated, .in. debate, that a negotiation has been very recently concluded bet ween the Rothchilds and the Russian government which pro vides that the former shall fur-nish 875,000,000O in gold, to be locked up in the war chest of the latter, and that Austria is preparing to add 850,000,000 more in gold to her reserve. Couple this statement with the fact that the Federal treasury reserve is now beirg rapidly depleted by European de mands for gold and' that the United States will soon be compelled to coun terbid by additional issues of gold bonds, and we behold-what? The ellow metal placed on the vendue block to be bidden for by the wealthiest and most powerful nation; and as the bidding puts up the price of the metal of final redemption. dlown goes the value of all property and the price of all the products of labor, heavier grows the burden of all debts, and more desperate and hopeless becomes the condition of the producing mas ses. Our guileless Federal Commissioner of Agriculture, in blissful ignorance of the charge committed to his official care, may congratulate the govern ment on the jow price of our agricul tural exports because their cheapness will attract foreign gold a-id maintain American monometallism; and John Sherman and men of his ilk. who are willing to sacrifice to licentious greed and corrupt venality the great inidus tries of their country may commend the gold standard and coolly recom mend the strutggle for its maintenance by the sacrifice of our agricultural ex ports to discount European gold and tile industrial servitude of the producers: but the farmers, now reduced to the last straits, with their products at one third of their former value, standing in the deepening shadows of consum ing mortgages or already occupying the position of tenants on land which was once their own, will no longer submit to occupying the p)ositIin of the ram hitched in the thicket, to be sacrificed for thie idle holders of money and moey obligatioJns, on tihe altar of the goatd*rst. The' shrinkage in the value of prop ert \vn '-e thre rapid upward tiight of of is sogreat as to amount in many inmt-ucs to almost virtual confisca tion. So raipid are the changes and so g- eat the~ disloe:-&im of prices as to ender- impossible anything like a sta be adjutstmenat 0 th e relationship wich so uld exist between the differ resent condiin. univ aersal appire from engaging in enterphrise andm vestment. the prev adinig sent im'ent even amionge our' m-ot successful busi ness men, is to stake owni and try and hold what they have made: nothing is expected to pay. or deemed safe, which is undertaken under the blight of fall ing values. Of our sixty billions of exhanges, 90o per cent. i-ests on conli decee and this confidence is based on our v-elume of 81.3,000.000, and i1. 1i..I0'-,'00 of this money dep>ends for iial redenmntion on the slender Treas urvW reserve. often tunder N100,000,G00 in gold. This ge-hl is unprotected--of a~l thc' nations. c.Mrs is the only cne which in this iute-n:;f struggle- fc: the sarce metal of firal rediemptioni, leaves its gold open to be looted by ever governmncnt and capitalsm Europe. Consequently. we see OLU gold shippe'd day aft.r day by the Io eal coiiictions of FaropeanL houses, and -s the Treasury reserve isdepleted millions upon millions of old bonids have to be sold to replenish it, loadim our nation with debt and imil'overish ing our pcooie. Over this slender basis of lnal redempticn, the gold standard gives Engln:d a practical lien on tw billion of American securities. three fourths of these payable in gold. and places her in the positiol of_ creditor oi call : in l'ss than thirty qays she can drain us of our gold and complete Iv destrov our inancial system. Actine in accordance with Jud"'e Brawlevs theory, that in all finacial le-islal ion we slhould seek information from the bankers, our public in have sought advice from the great banking princes of the Northeast, and these representatives of the American braneh of the gold trust have not stickAd to sacrifice their country to their own paltry pecuniary interests by recom mending and enpforcing a 'policy of finance which has strangled gi -m in dustries, crippled her resources a id is fast impoverishing the masses ot hcr People. A policy which has placed iml the hands of English capitalists the stability of our currency and finance. gives them complete control over ou' foreign exchanges and the power to fix the price of our exports. Never in the history of the world has there been a more forcible illustra tion of the thinking, interested few robbing the ignorant, unthinking many. These men first neutralized the ilatural advantages of this country by taxing with tariffs its agriculture to bestow bounties on its manufactur ers: this, Mr. Blaine in his "Twenty Years in Congress," styled "enlight ened selfishness." When, through the masked agency of legislative divid ends, they had acquired the currency of the nation, they then joined the moneved interest of Western Europe to plunder the productive masses of the civilized world, by striking down sil ver and forming the gold trust. This was nothing more or less than -en lightened robbery." In the language of Sismondi. "they have added the dangerous weapons of the banks to the well tempered arms of protection." The capitalists of Western Europe. with the Rothschilds and the Bank of England in the van, are robbing civi lization; our Northeastern capitalists are robbing the South and West, gir ing the lion's share of the plunder to IN estern Europe in the shape of 50 cents wheat and 5 cents cotton. These leaders of the American branch of the gold trust at the last extra session of Congress. asseverated that if Congress would repeal the purchasing clause of the Sherman act that confidence would be restored, our local money bags un tied, European capital would flow in, our great staple products would ad vauce and the country regain it-s pros perity. Of course, Congress did what they said. What was the result ? Were their predictions fulfilled? Not at all. Silver immediately dropped as com pared with gold about 30 per cent., and with it down went our great staple products; and now with bankruptcy and ruin staring us in the.face. they again come unblushingly to the front and declare if Congress Will tund the Treasury notes ino gold bonds, give them the interest on these bonds and furnish them again the same amount of notes to lend out and make a see ond interest, that the country will re gain its lost prosperity. They go even further and say that the great drop in value has mane the silver certificate virtually asilvergreenback and squint at their retirement in the same manner with a view of finally loading our coined and uncoined silver on the govnrmnent to be disposed of at gov ernment risk in the sea of conunodi ties. Thmeir' ultimate object is very plain:. to remove from the monetary sphere all government paper and silver and confine our currency entirely to gold and notes of National banks. No one beyond the A, B,C of finance need be told that this would result in a paper despotism,autocratically controlled by the N'ational banks. The gold stand ard. we are informed by such leading European doctrinaies of the gold trust, as Dr. Broch, Alfred De Roth schild and Sir Rivers Wilson, is miain taned to put the price of monej up and the price of the products of labor down, to keep turning the screw on the productive masses of the civilied world. Its purpose was very fr inkly stated a short time since by the lead ing exponents of the system. the Lon don Economist, commenting on the recommendation of the German Em peror to establish banking burecaus. to assist the farmers to tide over the hard times, remarked that the German Em peror misunderstood the situation, that this was no temporary crisis; but Ias capital was friendly to strong gov ernmtent, it had to be sustained, and that as Democracy found its home in the rural sections, the agricultural classes would have to be forced to take a lower position in the social scale. They speak more plainly in Europe. where the masses are held down by baonets and double-shiotted gatling uns, and the people have beeni accus omned for ages to being despoiled and oppressed1 by the mailed hand of des potic power: but over here where the people are et politically free and are allowed to vote, they disgmise the rob bery and oppression under the senti mental cant of National honor and in tegrity and such clever catch-phrases as "honest money," "sound money," Previous to the partial liberation of the masses by the influx of the pre cious metals from the newly discov ered West, Macauley divided the in habitants of Europe into two classes the beasts of burden and the beasts of prey. A little ' over a century ago, Thomas Jefferson spoke of them as being divided into t wo classes-wolves and sheep. They are now divided into two classes-the nobility and gentry and the commons and p)easants. The free institutions of this country have long been a stauding menace to the crowned heads of Europe: and one impo'rtant feature of the gold trust as foreshadowed by the London Economist is a combination of the monarchical and monetary agencies of the civilized world to repress.~ D.e nmcracv. W\ise in stateermft, as well as versed in all the subtle p)owers of finance, the projectors and custodian s of this gigantic schmemne of plunder and subjectio' wvell know that the free holder is the natural supporter of a free government, and that it should be the p)olier of Republiban govern ments to nmultiply them. They like wise know that the "tenant, harmiy in fact no country, no hearth, no do mes'tic altar. no household, god." has no0 patriotismn, no spirit of madepend ence. and is careless and indiff'erenit to his surr'oindings: consequently to ad vance monareliy the policy should be to multiply tenants: and one of the intents, as well as the inevitable ten dency, of this scheme, is to undermine the freeholdei' ad absorb the land. During the seven years of plenty, Pharoah, under the adminis'tration of the wise young IHebrew, garnered up the excess of production, and during the seven succeeding years of famie let it out at such rates as to dIestr'y' the land tenure in Egypt. The plum de' of the world, which found its way to the coffers of the Roman patricians, gave birth, says Prof. Blanqui, to a .ard': isba'dmen 'whose robust vir iu> c' piered '.- world into a set of cringe bodse anWAIM1.1d concentrated in a few haiid the ihds of Italy. It was the appropriation of the land as tle absolute pr*(' pert'r of their chief in:lis which 'radia'l.l turned the des endants of free aud equal Gallic. Teuonir and Hunnish warriors into co~loii and villains, and which h1aged the inuepeudent burghers of ..aie villageC ('omm~unities into the boors of Russia and the serfs of Po Eand: which instituted tie feudalism of Cina and Japan: as well as that of It was the gold standanu'i of 1istG and the contraction resulting from the r snmption act of 1'1 that doubled the oealth o ihe fundholders and reduced the freeholds of England from 1'0. (oi to 30,0L0I. Doubling the tariff. af ter the withdrawal of the Cotton States fromn the Union, gave the Northeastern manufacturers the war obligations of the nation. These obli gations they more than doubied ill vaiue by legislatiol and then by joining the old trust and striking do%n silver tliey quadrupled them. Today we :-re iuTormed by the most reliable staticians that 33.'000 of them own three-fifths of the wealth of this country, consistingof 3.50O,0o square miles and 70.000,000 of inhabitants; and under present financial conditions it is onl -a question of a very short time before the interest on their secur ities will absorly the remainder. The condition of this country is very similar to that discovered by the French offeers on their march to Cairo. existing between the Egyptians and the Manielukes. To their ques tions, the Egyptians replied as follows: Whose garden is that? The Mame lukes'. Whose palace? The Mame lukes'. Whose fields of grain? The Mamelukes'-indeed, the Mamelukes were the proprieters and the Egypt ians their slaves. The gold trust owns our railroads, our telegraph lines, our steamship lines, our vacant lands, our mineral lands, the mort gages over the real estate. of the South and West and they hold nearly all of the creditors, public and private. Of the two, I must confess to more admi ration for the MaNmelukes;- they se cured their pluuder at least in a more open and manly way, by virtue of superior valor and the sharpest swords. The gold trust prosecuted their robbery stealthilv, under cover of le-islative artifice~ and financial craft, and won by hypocrisy, senti mental cant and simulated integrity. and many apprehend by bribery and corruption. The farmer, as a produ cer of the raw material, stands at the base line and has to shoulder a double portion of these burdens; and as the dollar grows larger and larger, and the price of his products less and less, his chances to redeem his obligations are being constantly dimished under the increasing weight of adverse legisla tion. The- are rapidly sinking be neathi the wave, their title deeds are passing out of their hands, and this government, merely to enrich the holders of money and money obli gations by a vicious system of finance, is rapidly destroying a class of citi zens which has always been regarded as a natioi pride and defense-the backbone a d main stay of free insti tutions. Our government, in its sui cidal policy, dictated by the tariff bar ons and merchant princes of the Northeas~t, of maintaining the Europe an standard and placing our mone~y on a parity with that of Europe, is fast reducing 88 percent. of our peo ple to a parity with the pauper masses of Europe. On this line I shall quote Bryan: " To make a money that is common to several nations, is to set up a huge auction block, upon which prices will oiliciate as a heartless and soulless auc tioneer. The money will be knocked down to those who bid the most for it of their labor or its productions. The highest bidder-s for the mnohey will ever be those whose necessities are the greatest I ** among these, several nations having the same kind of money, in fact or in principle, there is even one nation whose institutions are such as enslave the masses to an aristocracy who own the capital and tue land, then that curse spreads itself irne-ltablv over all the other nations. The necessities and miser-able condi tion of that peopie forces them to offer the most of thei: labor or its produc tions for the money. As the money flows to them. their condition rises, they priosper. But those from whom it ebbs, sink. Nor can any human power arrest their sinking condition until thev have reached a point where their necessities make them the highi est bidder for the money. " system of money common to several nations guarantees two things: First. that the condition of the prod ucing and industrial classes will be about the same in each and all, and the condition of these classes fixes the condition of fully 85 per cent, of the totalpopulation. Money does not con stitute a nation's wealth; it consists of its lands, its farms, its factories, its in ternal improvements, its industries, its busines activities: money is merely the instrument that measures this wealth and effects its interchange. To secure thme wholesome discharge of these functions, power was given to Congress by the Constitution tocontrol it: but unfortunately for the public our Congress has shows itself to be ut terly ignorant of the true lawvs of fin ance, and in its ignorance has adopted the theory of.Judge Brawley, to apply for infor-mation to the very parties whose interest. Mr. Calhoun tells us, is directly antagonistic to the interest of the public. Indoctrinated with the English idea of finance, the leaders of the American branch of the gold trust thoroughly understand the science of money, and using this k-nowledge, which they seem to monopolize in tis cotuntry, for their own self ish purposes have realized fortunes, by the ruin of theirz coun try. beyond pi-evious imag' inations. If it were not so rulinous it wouhci be comical to observe the conditions of our publhic olicials as ther-flounder in thecir ignor'ance over the~ perplexities presenited by the :nonkeyinigs of the g'old tirustwith the' tr easury reserve The gomd trust has mrade thenm regard the -I0ll.'00,I)I00 of gohl a this country as a fetieh' which shouhl be retained at u a m~ar.,. )ur ogreat industries are cated, hionest m~eni byn thousands forced it oankruptcy,.ur- people de ni- d hionest empiloymnent and grindling pov'-rt r staring 75 1eri cent. of them in the face. yet the goid standard. the E~ur-op"nnmoney standarid. must be rmintained. despite the fact that the leding European advocates of thie sys tem op'enly avow that its object is to mai~ke noneyl a moniopoly and1( redluce the prod~ucing masses 'to industrial serv 'ule. (Owning or holding a mort gagee~e evry species of pr'operty tht'mises a safe inive.stmnent, they arc niow running a kind of confidence gamie with the IFederal treasury to force unlimnited issues of gold bonds which. ini tile suape of lienms oni the en ergy and industry or future gener-a ~tns, shall furnii:Ah them safe invest ments for their constantly accruing in terest. Verily, it has been said of these nen that "they care nothing for their country or the public. thmat they have no politics but plunder andI no p~rinci pies but the spoliation of thie human race. I :-ha11 clone thi article wih -> quo lie stein (of the gold tru.ti :-0 o1, and wc shall 11 soon k not Io; our Co n ry. Weshall ,ee rnew Americ O the iap where tieseit Unvtd 'Iats iave stood wn shall sooA b- a country that will be strang e to us. We shall see a class of idle rich and a chi ss of idle poor. the for'ner a handful, the latter a host. WVe Shall no longer b, hold a community of men with spirits all active and stirring. contrib-ing. all of thei. o tie )Ulic welfare while they partake in it, pushing on their fortunes and bettering -.heir own con dition and helping to swell, at Ihe same tine. the cup of the :eneral pro speritV to overflowin". Ve shall see no imore of tla.t credit which re'whos outits hand o honest enterprise of th:i certainty of reward which cheei.s on labor to the utmost strelc of its S1 ews; of that persomil and inivildual independence which enabl)es every man to say that no man is his iaster. * The ruin of occupation: dis:.ress for present means; the prostration of credit and confidence: and ail this without hope of improvement or change is a state of things which no intelligent people can long endure." In my next article I shall deai with the Populist and Alliance theory of confining our paper issues entirely to Federal treasurv notes. L. W. Yous. Fairfax, S. C., Feb. 2. DOWN IN A DEEP TUNNEL. HUNDREDSOF DOLLAR'S WORTH OF WHISKEY iS FOUND. The Whole Thing a Masterpiec of Ingeniu ty, Existing in the Heart of the City All of it Ferreted Out. COLUMBIA, S. C., Feb. 8.-Slick moonshiners who have for years been making-a study ofingenious methods to evade the United States Revenue laws are simply not in it with the South Carolina dispensary law evaders. But they are not so liable to have their in genuity outdone by "informers" as the Carolina liquor man is. His way is a hard one. *When he feels safe and secure. down come the constables. knowing where to look for the lair of the tiger. and forsooth he is ousted. Yesterday a lair was unearthed right in the heart of Carolina's Capit al, which was almost in the bowels of the earth-a lair which rivals that of North Carolina moonshiners, who dived through a river's waters to reach the mouth of their underground dis tillery. It was a way down under the cellar of the store of "Messrs. Platt. Hook & Shull, and the whole con struction of the underground tunnel. particularly the manner of corcealing the way of entrance was a masterpiece of ingenuity. It is safe to say that it would iever have been discovered had not some informer needed the 20 cents a gallon reward offered by the State. As a result the owners of the liquor-whoever they are-have about .'1,-300 less than they had yesterday morning, for between 300 and 400 gallons of good liquor was found and confiscated. The search of the place was made by Liquor Constables Speed. Davis and Beach, Trial Justice Constables Cooper and Hartin. and Sprgeant Morehead and Officer Sheppard and Strickland of the police force. They swept down on the place in the forenoon, and MIr. Ed. Shull was so abusive, so Constable Speed says, that he ordered him lock ed up in the stationhouse. Officer Sheppard took him away. The owners of the store refused to allow the officers to go into the store, but opened u pth cellar-. The build ing is a v-ery long one. and the celler the officers were ushered into runs on ly about half way. At the rear end was solid earth and plenty of it. The officers knew what they were doing, however, for they sent for shovels and spades and began to dig into the wall of earth. After digging forward about six feet. their instruments struck air and they soon got into the rest of the cellar. They wvent in and searchea all around. On one side. next to the brick was what appeared to be the solid foundation of a large chimney, run ning on up through the building, On this their attention centered. Pre-tty soon they began to cut into the brick. and in a short time they gazed through. and, by the flickering light of a candle. they could see that the chiinmney was a false one: that inside a ladder ran up wards and there was a neat little bar with all necessaries inside. They cut the hole larger and got inside. They could see the bottom of an ingenious trap door in the, floor, which conld not be detect ive above, as it was covered by shelving.' But the liquor had not been found, and thereal ingenuity of the hiding place was yet to be seen. The constables looked around the in side walls of the chimney and towards the outer wall they finally disco'-ered a door about four feet high. They broke this down and stood at the mouth of a long dairk tunnel running back into the "bowels of the earth." A man could almost stand erect in theneatly constructed tunnel. Then the exploration of this tunnel began. The constables went on until they struck a point where the tunnel devided aind branched in opposite directions, and then the liquor was in sight. There was about forty feet of tunneling, and the earth taken out of it had been used to make the false back to the cellar. It took the constables until aboot 4 p. m. to get out all the liquor stored in the tunnel. And there was lots of it. In all the constables estimate they got nearly 400 gallons. There were 22 five gallon jngs. 20 five galion dlemi johns, 18 boxes, formerly containing "Octagon soap." but found to contain 32 piint bottles each: and 15 or 2o hie gallon kegs. The liquor was all hauled to the State dispensary during tie afternoon.-State. For Christmnas 1809. The close of the nineteenth and the dawn of the t wentieth centuries are to be celebrated by thle ringing of the Peace and Liberty Bell in Jerusalem. Tihe commnittee having in charge tihe celebration has invited the Peace Beli Conmittee to meet in tile Holy Land Christmas Eve. I$99, on the spot where the sheuherds receivedI the mies sage. "G.lory to God in thie IHighest. The corner-stoneof the great temlie to be erectedl in the Holy Land will be laid at the same time. It is proposed to have the ben!l connected withi the cables i-eaching to all parts of the earth. Then a half-hour before tihe tme set all telegraphic business is to be suspended and every system coni nected with the Jerusalem wire. Every conrenation in Chr'istendom will be assmnbed in its place of worship. and. when the bell is runst the messege, " Peace on earth" willlbe 11ashed over theO world at the samie mnomnt. Destroyed by~ an Ea'thqujiake-. Loxrios.Jan. 2.-The Times' corr spondent in Teheran. Persia. tele graphs under yesterday's date: "Ti~e city of Kuchan. which an earthcuake destroyed fourteen month ago ~and which was immediately re-built, was again destroyed oii January 17. MIany. were killed. A hundred women were crushed in one bath. Tfhe extent (it the damageand the number of <ieaths are unknown as yet. The bitterest cold increases the suffering. Four dis tinct shocks were felt in MIeshed in KLID IN T OUSE. CLEVELAND'S GOLD BC.ND PROP0: T!ON VOTED DOW'. so: <. U+:.2a romz -o e 4! 1 !:e .3~u . il' l Vote oi the- lena :-'. \VxsHINGToN Feb. ~ '.-Thie Home)~~. has dilscuissed plaws- for financial relief thr'ee d::VS. m (d r 'sed bv dlecisive vote's to pass an V (ne of tlIem. When the committee of the whole tt 3:20 O'clock yesterday :fternoon concluilded ls sessions.three propositions w-re re pi)rted to the House for its action: the opnriil '-Spger bill Iknown as the anwrimistrationi hilh proposi the is sue of .1 0. .ij three per cent. if ty-year .-old bondis. as amended by the committee of the whole. the substitute ):-oposed by Reed. authorizing the is .sue of two-years three per cent. certif icates of indebtedness to meet deficien eies in the revenues and bonds to cover the udeficiency in the gol reserve. with .1a1 alendment proposed by Mr. Bryon. Democrat, of Nebraska. reaflirniing t he declaration of the Matthews resolution of 137s. to the effect that coin obliga tiois of the government are payable in standard silver dollars at its option and the substitute of 3r. Cox. Demo crat, of Tennessee. containing a reha bilitation of State banks, with an amendment proposed by Mr. Cobb, Democrat, of Alabama, expressly de clining to confer the right to issue bonds upon the Secretary of the Treas urv. Mr. Bryan's amendment was reject ed-yeas 127: nays 169-and then Mr. Reed's substitute went the same way by a vote of 109 to 187. This was near ly a party vote, the Populists and De mocrats in opposition and the Repub licans in favor of the substitute. The amendment proposed by Mr. Cobb to Cox's substitute was voted down viva voce and the substitute it self received but 55 votes in the affirm ative to 184 in the negative. Mr. Cox's request for a yea and nay vote was not supported by a sufficient number to secure it. By the unexpectedly large vote of 159 noes and 97 ayes, the House, on a division, refused to order the engross ment and third reading of the amend ed Springer bill,which announcement was received with applause. A vote by ayes and nays somewhat reduced the majority of the vote, it resulting yeas 135. nays 162, present and not voting 4. .j ust before the vote was aunounced Mr. Reed endeavored to make an ex plau-tion of the attitude of himself to his associates on the Republican side, but was cut off by cries of "Regular order." He was going to say: "I had. with tile support o. all the Republi can-,. presented a proposition which the ruling powers saw fit to refuse. Nevertheless I had gone farther and voted for a bill which contains things I do not approve of, simply to enable the matter to go to the Senate in hope:; that something might be done. The bill has failed. I now desire to suggest that I have no doubt this side of the House would vote- for the sec ond section of my substitute or any other proposition which had any prac tical chance of passing." Mr. Springer, having changed his vote for that purpose, moved to recon sider the vote, and that motion on mnotion of 3Mr. Hatch (Dc:n.) of Mis souri was laid on the table, yeas 135, nays 123, which finally disposed of the matter. The question pending when the committee of the whole refused consideration of the bill was as to whether or not the decision of the chairman ruling out MIr. Bland's sub stitute on a point of order. should be sustained, it was decided in the af firmative-130 to 52. In the course of consideration of the bill. Mr. Wheel er (Dem.) of Akb~ama moved to re peal the tax of ten per cent. on State banks circulation and it was lost by a vote of 96 to S4. An amendment proposed by Mr. Bell (Pop.) or Colorado, providing for the payment of the bonds in gol'd or sil ver, without discrimination against either, was lost-10G; to 74. Mr. Bland got a vote on an amend ment requiring the Treasury notes is sued under the Sherman Act of 1890 to be r-deemecd in accordance with section :3 of that law, and directing the coinage of the seignor-age of the silver bullion~ in the Treasury. and it came wilhin five votes of being adopted 109) to 104. Before the bill was taken up bills vCir passed authorizing the reopening of the abandoned military reservation at Fort Jupiter, Fla., and granting a pension of $50 a month to the widow of the late Gen. John C. Kelton. ad jutant eeneral of the army. Mr. Orosvenor (Rep.) of Ohio of fered a resolution for which lie vainly asked immiediate consideration, direct ing the appointment of a committee of live to investigate the Congression al elections in Tennessee last Novem ber, with a view of reporting whether or not the commis-sions issued there under by the Governor of the State should be recognized by the House. It was referred to the comimittee on elec tions. HtoW THEY VOTED. Following is the detailed vote on the engrossment and third reading of the amended Springer bill. Yeas- Adams. of Pennsylvania. Al drich. Babcock, Bald u-in,.Barnes. Bart lett, Barwig, Breckner, Beltzhoover, Berriy, Bingham, Boutelle, Brickner, Brosius, Bynum. Cadmus, Caminetti, Campbell,'Caruth, Causey. Chicker ing. Clancy, Clarke of AlabamaCobb of Miissouri, Coffin, Coombs. Cooper of Florida. Cooper of Indiana, Cor nish. Covert, Crain, Dalzell. Daniels, Davey, DeForest, Dingley, Draper. Dunphy, Durborrow. English of Cali fornia,' Er-dman. Everett, Fielder. Fether. Forman, Gardner. Gearv. Gei-senhan'er, Gillett of MIassachu sets. Goldzier. G-orman. Greshami. Gritiin of 3Michigan, Griffin of Wis consin. Gr4tout. Haine-s. Hail of Mini nosota. Hlammiond. Harmecr. Hlarrison-, Haugen, H-ayes, Hiend rix, lHnry. H'ks, Hmnes. Hooker of New York. K efer. Kri bbs. Laphamn, Lefever. Lockwood. Lynch. 3Mahon. MIarvin, of New York.' McAleer. 3MeDannold. e-r, Mutchler. O~Neill of Massachu sets, O'Neill of Missour-i. Ouithwvaite'. Page. Paschtal. Patterson, Payne, Pearson. Pen dl"on of Wecst Virginia. Pigott. Powers. Quiggr. Randlall1. Ray. l'ed, Riluly. iburn, Richards of )hio. Ritchie. iRussell of Connceticut. Ryan, Schermerhorn. Scranton. Sick 1c. Sipe. Smith. Somers. Sorg.Sperry, Stone. Charles W.. Stone. William A. Sone of Kentucky, Storer. Straus. TalbotL of Mar-ylanid. Ta rsneyTracey. Turmner- of Gjeorgia. Turner of Virgini i. Tarpl;in, Uydegraff, Vai Voorhis of New York. Wadsworth. WVanger, W.arn~er. Washington, Wellhs.WVilson. Woomier andl X Wriht-135 Nav3-Adams of Kentucky. iken. Aldersn. Alexander. Arnold. 'ey Baker >f Kansas.Baker ot New Hamp shir-e. Bankhead. Bell of Color'ao, Black of Georgia. Blair. Bland. Boat nr. Boen. Bowers of North Carolinr. Bower's of California. B3ranch. Brec-k iridge, Br-e~. Pr-ideriek. Bromwell. Brookshire. Brxowi. Bryan, Bundy, Cabaniss. Cannon of California, Can non of Illinois. Childs, Cla1-k of Mis sor.; Cobb of Alabama, Cockrell. 11'lins. He( n i enyra i , r: llinotai. . Kyl. e titrI. s. 1xm1.Ls L L ucas. 1;(fdd4 i. i : EKrshi. 3iarshaI. Mc~(I.-I ary ofd Z Ine tIa. McC'rcary of Kentuc(ky 3-:Cu loch. _'cDowell. 3h -'ha .a-eza - rill. 1e1CA-illinl. Wfeay 1~e3iK -Iljohn, Mercen. 3eredi 30nr~y. MIoon. 'Moore. Morgan. ,loset. ''elid Newlands. Northway. O"den. Pnde ton of Texas. Perkins, Piekler. l.ich ardson of Yiichiigan. Richa o of Tennessee. Robbin-. Roberzmt of Louisiana, Russell of Georgia. S:~yers. Snodgrass. Springer. Stallings. Steph enson. Stockdale. Strait. Stroin.twn soi, Talbert of South Carolina. Tate. Tarsnev, Taylor of Indiana. Taylor of Tennessee. Terry. Thomas. TvlerVan Voorhis of Ohio. Walker. 'Wauth, IWheeler of Alabama. Wheeler of Illi nois. White. Whiting. Williams of Illinois. Williams of Mississippi. Wil son of Ohio and Woodward-162. Present and not voting: lessrs. Bailey. Edmunds. Jones and Kilgore: total 4. Adjourned. A Disgraceful Scene. WASHINGTON. D. C., Feb. 1.-A very gray haired man violently strug gled in the arms of several men to reach another man standing facing him amidst almost indescribable con fusion, while epithets of "liar' and "scoundrel- were ban died between the two combatants, was a scene on the floor of the House of Representatives this afternoon, those engaged therein being members of that distinIuished and honorable body. Hawaii which has been the occasion of some of the most tumultous scenes witnessed in the Fifty-third Congress. was the in direct cause of todavs altercation be tween Mes'srs. Heard (Dem.), of Mis souri, and Bremckinridge (Dem. , of Kentucky, surpassing in sensational features anything seen on the fionr of the House for years. It was broug ht about by an effort of Mr. Hcard to cut off debate on a resolution reported from the Coimittce -n Foreign Al fairs by Mr. IHitt (Rep.). of 1]linois. asking information respectinrg the cu nection of British subjects with the recent attempted revolution in Hawaii at a time when Breckinridge was :t tempting to get the floor to speak on the resolution. Mr. Heard was an ious to proceed with the consideration of the District of Columbia busincsI for which the day had been set apart. and demanded ihe previous ques ion. Mr. Breckinridge went over to Mr. Heard's sea-t. and wv--s soon engaged in' a heated conversation with him of which only the words "liar" and "scoundre" could be heard more than a few feet. Then the burly and vouerable look: .g Kentuckian was seen to lunge forward to strike Mr. Heard. But several me:n bers threw themselves upon him, and prevented a collision by a severe strug gle. Both wentlemen were ordered under arrest %y the Speaker. and ap peared later at the bar of the House. where they made explations which ended the incident for the time bemg. MIr. Heard's statement was not satis factory to Mir. Breckinri~lge. and com mon friends undertook to ad just the difficulty. The result of their labors was showvn later in the day. wlen Mr. Heard rose and stated that his frieds were of the opinion that he had nos withdrawn the language otfensive to MIr. Breckinridge: after that gentle man had disclaimed the languag~e which gave him his (Hfeard's) ol'ence, he would then do so, saying he had in tended to do so in the first instance. Thereupon M1r. Breckinridge expree. ed his satisfaction, renewed( his apolog ies to the House for creating at scenei and begged the pardon of all concern ed. The whole matter was, on mo tion of MIr. Goodnight (Dem..), of Kentucky, ordered to be omitd from The Recordl. Beat at His Own Game. Jhon Shetlield. of MIanchester. N. Y.. went to New York City to beat a green goods man at his o)wn game. When the sharper showed him $t.c00 in greenbacks for $200, Sheiel promptly closed the trade. Whlen the sharper wvanted to get the money backz into his own hands in order to substi tute counterfeit for it. Shellield felled him with a slungshot and ran with the money. The green goods man's pali followved, told a policeman that Shef field had murdered a man. had hinm jugged, and then disappeared himself. In the meantime the man Shieflield had clubbed canme to, and also disappeared. Now the police have Shellield and a1. 600 in greenbacks. They say if~ the green goods men claim the- money they will arrest them and prosecute them, and wvill also prosecute Shemhelid for robbery. They do not say v; hat they will do if the green goods men do not come forw~ard. As the case now standJs Sheffield is in limbo, a green goods man has had his head bunged up. and the police are $1,0600 in, with the trump cards in hand. What Weaver Sa'-. DENIa. Feb. 9.-The News piublius an interview with Genueral .hene-s D. Weavecr. who declares " we ar'e ihcc to face with the greatest crisis e*ver known in the life of this republic. " The Presiden-zt." General \Weaver adds, "allures the money powers o two hemispheres to his standar:d by openly proposing to plunge the peo pe into endless debt by destroymg2 their money and by nromhises of fur ther grants of corpora.te privlueges. He utters his edict of outlawry agamst silver, the more plentiful money of the world. takes counsel of te Utiled money changers of Europe andt coly advises the American repoblic to f tll into the procession behind the despot ism of the old world in thte m::rch ocf civilization" snot to Kinl. 3MILLIcANs. Trx.. Feb. G. -Fia night Wm We id, a cection hand or the Houston and Texas R~oad., shoti discriminatelv throne a the w indows of the section house near here, ki 'nng four men and woundina tsvo. n Role was shot in the heaJ and br -'st and 3Iarne Shezel and G. a' r were shot int the breast. He als sh- -rot Mis. Yeager atnd her da~tr E Riker. who kept the secti-o houc., He then set lire to the house, but li Ricker put the fire out. AnJU.Ax-r General John Gary' WVatte has announced thnt all the d1 iblie of the conmnanies in the tt aring ut of the insubordination in conuace tion with the Darlingtoni d 5sp'nsa": riots were new remonved andI !he ecm: panics were now fr'ee to reorga nize on the old basis in all liv'es and to lill all olices declared varant bj reappoint POWDER Absoiutely Pure. A crei' er tartar Dam-, powder. i.he1st f a;! n leavening s;tregth.-La r--t n mid States Gover rnment Food 'oyai WakiE Powder Company, 106 Wall St.. N Y How the Senate Stands. A dispatch from Washington says: -'enators known to be friendly to the policy of the President are being ilooded with telegrams from all parts of the country, from business men and mercantile establishments, urging them to stand by the recommenda-. tions made by Mr. Cleveland on the financial question and insisting that something shall be done. These tele grams are addressed chiefly to the Sen ators from the Eastern and Middle States and the Senators from tiese sections have quietly canvassed the sit uation for the purpose of showing their constituents just how the vote in the Senate would stand on any prow sition that might be advanced. This canvass shows that upon any legisla tion along the line asked for by the President the vote in the Senate would be 39 for the Administration measure and 47 against it; the presence of Messrs. Clark and Wilson, Senators from the State of Washington, will make the majority two larger, for both of them are silver men and op posed to any sort of an issue of bonds. The following poll of the Senate, made by those who were favorable to the President's recommendations, shows the temper of the question: For the Bond Issue-Aldrich, Alli eon. Brice, Burrows, Caffery, Cam den, Carey. Chandler, Cullom, Davis, Dixon, Dolph, Frye, Gallinger, Gib son. Gorman, Gray, Hale, Hawley, Higgins. Hill. Hoar, Lindsay, Lodge, N3111an. McPherson, Manderson, Mitchell of Wisconsin, Morrill; Mur phy. Palmer, Platt. Proctor, Quay, Sherman. Smith, Vilas, Washburn and Wilson of Iowa-39. Against the Bond Issue-Senators Allen, Bate, Berry, Blackburn, Blan chard, Butler, Call, Cameron, Cock rell, Coke. Daniel. Dubois, Faulkner, George, Gordon, Hansborough, Ha ris. ifunton. Irby, Jones of Arkanas, Jones of Nevada, Kyle. McLaurin, Martin. -Jantle, Mills, Mitchell of Or egon. Morgan, Pasco, Peffer, Perkins, Pettigrew, Power,- Pritchard, Pugh, Ransom, Roach, Shoup, Squire, Stew art. Teller. Turpie. Vest, Voorhees, Walsh, White and Wolcott-47. 'Will Not Follow Him. A number of daily papers in the South that haveheretofore been more than friendly to President Cleveland's administration are now outspoken in opposition to his present policy. Amon.c s papers may be mentioned teColumbia State. the Charlotte Oh serv-er and the Jacksonville Times Luion. In discussing the President's. proposition in reference to the bond issue the Timres-Union pithily remiarks; that "thieloani, as proposed, would run fifty yearvs, ana bear 3~ per cent. inter est anuall-:. This would amount to 815.000.;cJ'per annum, or75,000,000 for nterest alone. Add to this 'the pincipal of 87.'O.t0.0, and we are called o to pay 8.,25O0.0000 to pre serv e u50 .:0t :00 of currency from. dpreciatin in v.due, as judged by 'old. We are called on to pay this to matke gold dearer and ma~ke agricultu rlprodcts&' and all other property,. except bonds and mortgages. cheaper. W\e are called on to take this from the po'>r in order to give it to the rich. We> are- cal len to do this, not only t) p~revenft silver mo'iometalism, but to make bimetalismn impossible andto. make this coutry dependent on gold alone for its circulation. The Republi catf n may pass this law when they get in p~owVr. Thle Democrats never will." The abiove is us :rue as preaching, and show whtat. outrage Cleveliand's, pr opos.ition is. As the Times-Union savs the D)emocrats will never enact it into law an d we do not believe that the silver Senators in the Republican part y will allo wthat party to do either. A. hat has~ been called, and we hope that the eyeos of the peolie will be openedt stii ciently for them to put in thei Pr sidential chair next time a mani who has some symipthy for the toiling millions of this country in place of a tool of the bond holders. AN.YrmIKP addition has be'en made to lie ran ks of the Republican s in the Uniited States Senate by the, admission of LD-' Man~tle. from the' State~ of Mon tana. This tmatk's t M tetal number of Senators eihity-si,: :md, leaves the po litical comple:-:ion of the Senate as fol lows: Democrats 4!. Republicans 39. Populists 5. The~ Senator's comprised in the last-niIned class are Allen, -of. Nebraska: JTone. of Nevada; Kyle, of North Dakota: Pe Wer, of Kansas and Stewart of Nea.da. Tm:. Roub'li~ca l.'ders in South Caolin.. *r. "'ive y ieorg(aniizing e - o: 'f"d el~s o t he constitu ho *txte -:i i np .ointed. The con vraion - 'oi rctrled by tin be D *teoerm efn~- :-te and the Repe"* .iia no-d not torry them art aar kain;:agait paingw the inC o e t sn- y ad ile age le: :e ot itll Itemn to rema 0:t u r nn~dconsider themsIn-,:' Myi .ng a year in '1. eb' n V:gf eea incapac tI) a --iu t, periform thme duties *.l'r '~ :. wo has been a Cooma ::1n in, ary in China for forv o' . nti returned to. Amer-6. . Bidgetis a native of I~ae-.::n wa grd'ied from Yale Coll in 1mit -f te wa between C.'.a and J:>.'na raid rcently that nun- o :h c0t1 i hina do not lies -:n c.;.a hea :-isue ,old bonds ifte .:t to. but day 'of reckon in s .-: ar i-.Thse bond issues are mlt I.ore)' co'n-erts to free sil erthan- al te -aguments that could bead ued and t won't he hei~ be Koe' the reor!':'s Don'' will have the ,-t~xa sol .ond scheme has (dis ustd man" of his here-to-fore d:-e-inthe-wVI lo lrs. They see ve:-y p la1in ly tat if hlis policyv is car rid o': th'I the ursert of the