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! I~ : " ' Ii Aw_: I V ii DE, MITI--. ANX .C. ~)'SDY o 1 ECKLES OWNS UP AND THEREBY PUTS HIS FELLOW GCLC BUGS IN A HOLE. He Admits the Instticiency of Oar Money Ile Reccmmerds the Expwnion Through Larger Ienes of N.tional Barks-some Striking Figures. The annual repcrt cf James H. Eckles, comptroller of the currency, for the year ended Otober 31, 1897, opens with a brief review of the his, tory cf the legislation which constI tutes the present national bank act and invites the attentica ct congress to amendments to the saw recommerd ed in fcrmer reports v-ithout specifi cally repeating them. On the suhj ct of bank not circulatien the comptroii- I er says: "It is noticeable that all the chang es which have bean wrcught in the national cu-rency act froi its incep tion to the present timo. the fea:ure subject to criticism, but which was intended should consti u-e the prirci pal benefit to be cont-r:ed, hss re-I mained comparatively unc a: id, namely, te rote i-euirg 'uncu:Op. Whatever j tstificion there was in the first iraarce for retricting he j issuing of notes assinst the conds of the goverainert depcsiied with the; treasurer of the United States to 90 per cent. of par value thereof has long ceased. "In the report of every comp roller of the currency during the past 2 years the wisdom of changing the ex isting law so that banks, and through them the communities in which loca' ed, might have the additional tenef: of an added icanable capital has been urged. Despite all this, the law still remains wiihout amendwent. Noti only should the bank act be amended in this particular, bat congress should sericusly consider such a change in the method of bank note issues as will enable the banks of the currency to0 more adequately meet the demands of trade and ccmmerce in all sections of the country. The business of banking, like every other form of investment. must be made attractive to capital. If it is placed upon a footing different, from other undertakings, embarrassed through unnecessary restrictions, and deprived of proper sources of profit, the result cannot be otherwise than that investibie capital Will seek other means of employment and to such ex tent deprive the people of the benefits of the agency most requisite to com mercial activity. "It is considered by every great con mercial government except the United States to be the sole province of banks to issue paper which ci culates as cur rency. The belief in a bank note cur rency as being better and safer than a government paper currency prevailed unquestione< in this country until under the apparent exigencies of the war the government undertook to is sue paper currency. Even under such circumstances the promise was always given, however, trat it should be retired at the earliest practicable moment and the admission freely made that it was neither a wise meas ure nor a safe form of currency. "Between the competition of the government note issues on the one hand and the unnecessary restrictions impcsed by law upon the other, to gether with the increasing price of bonds re quired to be deposited as se curity, the note issuing function of the banks has been permitted to be come merely an incident of the con duct cf the national banking assccia tions of the country. It has been se riously suggested more than once that the bank note issue be done away with and all pa par be issued by the gov ernent instead. The danger of such a course is not to be overestimat ed. The experience of every govern ment has been that governmental cur rency paier is a source of weakness and danger. In the United States, where there has been the nearest ap proach to success, with the volume of the Federal paper comparatively limit ed in smount, the credit of the gcv ernment has been more than ornce put in jeopardy through it and the busi ness interests of the country subjected to unnecessary loss and conf usion. "Ihe argument. that the govern mnent, better than the banks, can pro vide for the red'-rmption of paper note issues will not stand the test of a care fual analysis. The government has no means for carirg for its demand lia bilities except throu~gh borrowinc- and through the .Ievy ing of taxer. Upon~ the otner hand, the banks nave asets which can be prom ptly converted into cash meet their cutsand ing notes whe n presented. Their ability to comLma d -gold has always been beyor d that oft the government, for in ea-ch fi::ancal exigency which has con fronted the! goverunment the banks have fort shed to it the amounts necessary to mentamn -its solvency. I' is in posible to b-ie-re that with a system of batk nw te i'su S based in par: upon securities at d it: part upon bar.k asseta, the country cannot be provide d vwith a sound, sa'e and elastic bank note issue.al ways com mensurate with and responsive to de maids of trade. The bank of England, bank o- Ecatland and the bask of Ire land have been fournd to be ample tn their resources to provide the rote is sues for use in the trade of the United Kingdom. The same is true cf the bank of France. The Deutsche Riobs-I bank, or German Imperial ban-k has~ for more than 22 y ears issue d bark note paper against assets which has maintained its value and has been se controllhd as to sutccessfully mee t the needs of the empire." The comptroller cafls atttntion to the organization of this bank and pub lishes some interesting statistics in connection there with.- The total n u-n ber of natioral banks organized sincz the system v-as put into operstion in 1863 is shovwn to have been 5,695. On Oct. 31 last there were in active opera-J tion 3 617, havina au 'author~zed capi tal of $630,230. 295. The total out standing circulation of the banks then in operation was $229,199,880, of which $202 994,555 w as as cured by bornds of the Unoited States and the balance by laswfcl money depositid with the treasurer of the United States. The total circulation outstanding of! allnational tanks cnOct. 31 last was1 was $230,131,0( 5, of which amount 558,800O was sec ured by bonds held fc account of it~solvent and liquidating banks, and $26 205,:325 by laaful money depositaa fcr tneir sccount and by active banks re ducing circulation. The ret decrease in the amount of cii culation secured by bonds diuring th~e year was $12 5SG6334 and the gross de crease in the circulation was 24,n51, 292. The 3,617 banks in cperation are di vided geographically as follows. 588, with an authorized canital stock of ~15 tm in .e New Entand tates;956. with an sr ga capital toc of $1f5.124,27,5. in the E':set r :tates: 51t. vitha capi alo sc of a, 61.900, 'n the southemn States; 1,'46, xith a car ital srock of $160 ,163 9i7, in he middle Staes;357, with a capital :ock ' $3'2.C54,10t0, in the western tates, and 121, with a capital stcw: of 17. (5 '.+ in the Pacin States. D r .ne tht year 41 banks were organized vith at eggregae capital stock of $1 - 12C(. Duri the year 7[ banks vent into voluntary liquilda .icn. There was paid to ct editors of >f insolvent banks durice the yesr 5l4 169 7S1 in divdends. T.e msgri :ud of this unequaled record, the re port says, will be more forcibly illus .ia:cd if corsidered in the light of hat has been secemolished hereto Gre i the way cf dividen d payments :o the credi:ors of itsolvent in.:utu tons. In 1893 there were raid in i r ds. $: 43:3 617; in 1S $5.121 577: in 1S95.:1.3S,552: in 1asG. *2.451A.+ ndin 16t7 13 16.0,7S1 i?s kur a to a o' rividerds l aid withir u:.= CPrs Frm 1S93 to 17 ;f ;27 5C-0 216 nr 3t - rer cent of a< the mcda u t rave ever teen p-.id to cr*d'crs "f ' tron al bo *s F cmr 1"t3 to 1 97 th: sbeen aid in: d v.dends 75 S35.f2 and in :'e vear i mrse i- tin: r eport $13,169, 7 -1, or 17 1-_ per (e. t of as the d.vidrr~os t t ave b: en naid during tie period of :>1 t e trs o t're Cierc: of t5' y't:2. ia:te Oc'cuer 3'1 mhe "d of the rep rt year 17 Sdd:ti fnal dividends have be.en ordered. am urting in the .e'regate to about 625,0t'0. The report con tains the latest conpiled statitiics rela ive to the worlo's mo.netary sy:te: mnd the stcck of old, i iver an: p'aer :urrency. A very interesting 'ea:ue f this ststemrt is the ter capita arrunt c each kird of norey in the :ountries named. The ptr capita averages in Lhe principal countries are as foianvs: United States, 023 7.1; toe United Kingdcr, 2 .65: Fracce, .31.68; Gtrunatiy, s 09; Austria Hungary ' and Russio, $S.95. The comptroller renews n:s recom mendation of last year, urging that aticnal bank examiners be Faid in an anual salaries instead cf fees as now. Lock Ont for Burglars. Williston, in Aiken County, was viited by burglars one night last week. The store of the Wiliiston Su ply company was entered through the front door, the safe blown open and robbed of about $250. The postcflice was broken into also, and a safe dyna mited but it proved to be the wrong one. The office had changed hands Wednesday. Miss Marie Harley tak ing the place of Mr. E. E Bruce, and and all the moneys, stamps, etc., had been changed from the old safe to a new one. The old safe was the one chosen for destruction and from it they got nothing. The new safe con tained $700 cr $SOO. It was not tr3u bled. Three strangers spent Sunday night at the Williston Inn and were seen in town Wednesday. The Inn porter says he saw these men gamb ling with some negrces Sunday aftcr noon, .ut he did not inform the pro prietor of this until they had gone. These are the suspects. Telegrams have been sent in several directions in the effort to intercept them. One of the men was about 50 years old, one about 25 and the other seemed to be not over 1S. The above is taken from the State. A special to the Reg ister from Batesburg says: Three well dressed white men, supposed. to b the Williston safe burgla, were captured here tonight and are now in the lock-up. They made their appear ance iis town about 7:30 o'clock this evenirg, coming across the country, from the dire ction of Williston. A f ter taking supoer at the hotel, they went out on the streets, where their general appearance, taken in connrc Lion with the way in which they came to town, aroused suspicion. A bout 9 o'clock the town marshal, accmpa nied by a score of citizens, approach ed the trio and told them to consider themselves under arrest. They imme diately "showed fight," and, drawing pistols, told the citizens to stand back-, on pain of getting their heads shot of. In an instant the sapects were coverEd by a scre of pis'ols, wnero upon they quietly subauitted to arrest. Tey gave their names as Onarlie Jones, Harry Jones and Joe John ston. When searched theme was found upon their persons $19 in silver three pstols, several valuable diamnd's, and a nu-uber of piec-s of fuse. T'ere is little d.'ubt that they ate genuine crocks. An amnasi st-ry haos been -coing the rounds of th~e rne ospaers latl', A genmhman saw at a lectur~e on e niht his barb'i. Tr-e raxt time re asin the barber s'roo h.e asked *t' barber if be en joyed the lecture. 'N t t all," was the response "My' w o e vening mrs a failure, f'r fromt w:-rr I satin the gsllery lIcould 'c- tha your hair was not paited~ s~rgh This man is fairly repreentaive o: a large proportion of peop e in -'i wrld. Wit-i them one defe b'o s out every pcssdibiiy of ei'j )yment and~ happiness, It is the sa'ue in h estimate ard enjyyment of necpne The one defteo t c earacie obitter~at e ninety nine virtues; the one actc which they disapprove bit ouin memory of the many of which 11. dc approve. It is wjsisom to count the (las ', te inspirations, the po sibiliue, th1 virtues, Lhch are :a ntr ur lf ::ndt to :e: th?' Catct as tnhey sureN utnumxber, th~ surrows, th- 'is th.e defeats, the' 'ins. cC car lives. i3 here greater olly the- to orthrcugh life atohinr the crokeJ. ps? I: takes stnnth of mnine, and philoso phy, w-hich is but another namet for mielgence, to master the defats the disagreeable things that :ome to us. And it cannot be disput' ed that the positive evidence of weak ess in any character is that t.,f count ig only the things that subiract fro~n the jyy of liig There are people rho tuink that ibe measu:'e of righte ::usn~ess is the~ iabliity to iaughn. Tuere s no relation het ween dy spepsia and rightousness. Gd madue this world beautiful to made his~ ctildren happy. lhe trials or fie, great and smali, houibe accepted lke the hills and :ncantais m'et in a journey-di~tiut 'fsent, but prese-ntirn greater bea aa rortion to the strengenh .rr.mact not gofa nor highh Ue a i e e1i.Hs neii ere and powr' of rea"ching th.e f.il -iat deedohi blt to ret te past ar:d liv. a the presen- of UISMAIAWASTOS EX. ORDINAY CAR1E0 CF VC-ur Er MURDE RER OF MANY n:ERSON Hi Seri r o' f crme-Tw:tary three Am't e.lustiets arcught H: me to HimReoa V, ithou Pari-Bljacd c Sr. serg:ea in 1l 1 ar d i e.Chief. There is athing ua n:cdanhi rv with w ich to compare t::e sap.a r: career of the Fr'ra c: s'rg t csr, IVachr, sars to4. !me orsod ent of the Nw York . Tie Jack the Ripper .:urders in i uccu c en years 4vo are e: m-ee reiy (elipte- " ) t, andt the eveatie is stl.incp piete. TeV' rE ss s"eCsio. s have alrea . e rouant hmn;e to " is blo0d-tirs-y wre :Ch, ande fa das psses th t a'other is not 2L' to the lFst. I: is dCoubtu irte ml:' derer h:mself ano :s t r b. of his victims. . noi 'c'alautil tell, th story of s.mie 'resh trar"-a' to the ' am::lintr.;n istrate f:orr tin::. io :iroe as the dtils recur to his s' : d -sr ss u : du - ' 'I co ' 1 ci toe~ rr rdv rs I~ . ~ T.e e r n ciu e s -- r l ie-ime a a }eret t,re n vach e .I fo - co r i (i1e? dit a cot a i r 0 L hicr-t~' hm ou n a re for:' ofkL be~ man anos tehroau i~ag~. am. 'or 1:arti'mt ;uaSsh m' ra' og n rni ; rf m::1"ir.. ti.^ !; ::a r si b er itlsna fcoi y o tsr e :' ii ' n S C:':y an 1r::i u u sdj C. t) ts of hmicidal mienia \cn:r, who _ -n"i, abeout 25 eat or assauiLd sant vli ea- Ly aeS. He sr fa his mini:ara erm in are;iat rouEs, an'd proved - o o a so: di aI he was made a non comm:s:c.ne 1ler, It was c lra o' in that he was fr,: sever e to.ther cruits under him. A t oug ml t member of a runo :r d '.- euch f l mi lootels how bacher once ab ed him so savagply while drii ing' him that he lost his temer and sran? t tce oung martirnet. Lckily fo r the sol i dier, his comanions seizety hia s tormentor, otherwise curt mariai iand senta ti death fornas asslum at cilicer might have been his fate under the stern lases of military dis cipl e ian rance. But there was no Suspicion or grcuad f r suspicion of ZVacher's san ity at that time. Just after co pieting his servie, acer was ill in the hospital for several 7e-ks. Dur ing his cntii eient he attepie to blow out his brains with a revo)lver, and he still carries the bullet some Swhere inside his skuli. The shot pr duced re-:urresi fits of insanity of soi vtoent a character that he was cu fined for a time at the unai as lum at Dole. Di. Gi verr. the wea-kino on exoert in mental diseases, sags that the physicians at the asylum released Vacher, although thewk e he was not ili to be at large, because the? were afraid of an outcry in the press against the arbitrary confinement ofI a citizen underterx that he was mnsane. nThat was three years ago. ice that time heaiher has wandered through the country districts of Frane leavind everywhere a trail of ted,& auntil ge sn by chan ees toabcut t week ago. Most motise watis ere erioysl and sorid. wOnemn he kiund 'edisg their vc'cks inwoelv felds-ori snhit sides, bu cs ometed he killedsmhn andmien. he eache cause semed iedwith a and cutoad. sahdad fe s to Te t umanity.wa Eu-.ahs motive~ bas oftern soreratinal arpn odd On~i mm he kie~ d becidaus i id chercoeed Someti os, hev mits, he ile fbecause he nedd. tone sarlnd od. 'ia e . e The murdlaeer waps~ alvay ctred bne th-er in safin "vdu scion fr hepnecrd -ooy o'i a conry' ro a-fe ie rom Li-:idon He hcc theu bod almvs;'int \ p--ad then themilate cpesas deovere ancereasindaesacfo avers a vae5 er, 'n - le u his a ga'age ns t .Irs li r ) zpuivcs U s as irn- a nele utli -- hyr. -A s myol - gi' t dea Ath. redarmud. "Ip nn la o to' ai:rn.o :e:n.,I e.~ "I va an r .rcin . t he n~ don t bh coornr a-cout ~ee o.-k. ABdit e c-fe~nime, hai e i : O les e s il"b'.mr;:'c nc iameds R ir. \a h- ri- wc - ugy- toui r . ;i -ir elt. , p - ~redad e red:L big ba n i an~ who atto herv ~c n aL.; rad retu:ri :in" fro m'.rket. w;E. se' chd :ld .' orai g s, and a .nan came behin1 her and stized h. hy tie :hoat. She strug, gled v'iolently.f mt'aus ed to scr:acn her assailants face and succeeded dnally in scream ins. Several )ersons heard her, but be: re they reached her her assaiisnt tlei. 'Trt e ether women were at tned ithe same way that afternoon but were unable to esc:-C in a Similar manner. \cier's most oromineut victim was the Ma: quis de Villeplaine. who was killed witi e waIking in his park in south :rstern France, n!O: far from tie spanish frontier. The mxurderer crept up behind him, felied him by a blow on the head with a heavy s':c? rnd. then cat his throst The nmurderer carriEd off !I vie.:i's coat and a port CilO cntraining some 0ark -Ie \ 1cher we.t to Spai1n soo i i urder. O ohis more _ cent crimes. wvhch nt ntver have become koo:n bat for tu mrder-r's boastful i'.un iteered d .sc 'ivan of it, was tl illingd of a boy of 16 named Bully rear 1;vr's o&-cer and eCken aalers~e, thit "-:s aisapal.rance ":a. mud.- 'lt'e acco. '\'cr d t h ~aaita iti r 'n e i :n eho r': . sh and' dt eecd' . ...i i n ucc(c~u i 272s !. -x n 1 1..P nurS in cuttng tn. :ti t? .1:- s anid E-.nt'-ly thr'ee it (;oir :1 a siontoprnast.Part; of, t e -ecI. s h- v- now erc-',er.d bv Si !:0 wI: e V acher's d irectit r Tia extra.ordinary c;rinal hi sar e et~c'o- uer dinar" oaservahcu, and tinrein, O C'-e t.1 .t: r1 to soia tor cra'.tures w~ita suc-, ornpmsu- i he m a. st disiusting ias th ndUat aY crimn-ia, saae or ?:n Jsane should' b.2 able to go abr:tit):' titre ir p.: l :ated countr y,tah'i-:L life at till anld in an amos whlesele ay asand 3 y ba coatoaratir ly ;r e :tom the pur Sit of the aients of the law. It is the -_a-in i E.;rcpe, to regari America o:s a moreV" or Jes; -la iest'3 wildernss, where huma:::sfe is cheap. In the face of this revelation in a countr l which'" . prldes itzelf on the skill of ?..s detectves, Aeria noud be sfe, -or a time at icast, fro L the repetition of these slanders. THE COMMON CR;ME OF MJRDER. Itits W'Ici Prevalerco Throughout the United States. There is not a State or Territory in the Union in which there is not a trial for murder pending. In the State of Kentucky tiera are forty-seven cases concernirg ninety one prisoners for murder awaiting trial. In Virginia there are at least twenty-three charges of murder. In the first State only seven of the men in jiit to be tried for the capital ufeuce ci murder are ne groes; in Virginia there are eight. North Carolina has twenty cases or more, Georgia twenty-seven, L>usian a :c)re, Texas thirty t, o or thirty three, Missouri twenty-four, Illinois sixteen, Indiana seven, Michigan three, Onio eight, Pennsylvania t wenty six, New York forty-two Con necticut, Rhode Island and Verrmont one each. New Hampshire has just settled one of her three by a sentence of thirty year., imposed upon a crazed assassin. California has twenty-seven cases on her docket, and. altogether, witha dmzn more or less, there are 2S0 charges of murder on the crimiaal dockets of the various States and Territories. South Carolina, we re iret to say-. has her full share and more. Somne of these have oniy passed as yet from the hands of the coroner or committing magistraies, others are on trial, some are on appeal, and a fe w nave gone thrcugh all thbe judicial rocedure, and the convicted men are only awaiting the executive action of the law to complete their record. Tere is no dominating cause of these crimes, unless it be that in the large cties thev are more frequently coa neced with robbery. Love, revenge, mdnss, pure thirst of shedding blood gain, j -alousy, poitii wrangles, family feud., and drunkea brawls are a few of the sources from which the nmicide acts have irigin.- Some sem not to have even tne plea of madee, to wvhich so many of the caseless crimes are xeferred. It is a maed point whether legal punish r e.: ias any deterrent effect upon erl ,but no one can note the terribly sugg esure figures given above without a- earnest~ wish t!ha5 puaishment ha-ve a real test The- o rmp roller I-i-iis Aunthe-r iCircalar, C' OmptrllIr Geea En on is p Js inga :mater ' re~ucs of1 he pr.er d caial of u-sv e-uRir -' -. He .se-nt ojut the:1~ foliUin 1:'e to co3Ly auditors, askCingf a hhe aditrsar dng tai dn Iri t It -e . *lyn -E * he dCs r'g ire of yur c'll*- u---r na ms u::-d oiver to your cour-to X~r veytruly, Contr-ir Geneal. Te r.port of the auito rs t) the err I :ler' 0in i comtl an:'e wii' ""s etr w-! nI ec-ssril inm of orgi:! paca-- estblihm . the ' origia packag businesvn baestabshe sice t v cCrolng I I *:- aud-or/ cgal unl:camti a:.d -a visors by A auit or wil proba o:v be only wie transient stand kee ~r wh~ormore about fr-sn piuce to *~c and s1ldm"p'" o'her than city :ce me taxes. uicid-e of a Jddge. j.sc.:: of th'e supreme e 'rt of MoLI ie a iut mi:t at ns 110me~ :u I 'ex, a sburb o Hlens He had .. t h cvruing Via a Cy. .r'dia ne-r's hou, si:u e _i_ .___ was .11 s ar of age, a ~aive of Vicksburg, Miss, anid a grad aate of Yale. He c..me to Mon s' UO tiOU PRLOBMl. THE FAKMEFS MUST FIGHT THE DEVIL WITH FIRE. The Columba Btate Jus:t'y Conieds that as L-"g as Trusts Ex!st tie Fa:mfrs are Jri.sti "d in Organ .'ng One to Froter The:.4 ter'. Prof. Means Davis contibutes to The S:ate a thought fl letter on the I ?;iue of te day in the south-the nwcrs of raisim the price of cotton, be reducing the acrease, cornering the product, or otherwise. We print it with pl-asure, although we do no, aane with several of his concluions. Oir friend is a teacher, a professor of po'i.xil economv it is his duty in ie to announce certain rigid doc trines, to tesch the n and to sdh.:re to them re crdi es; of con Eiiecns. It is he obli ation of others, in other cc cupaion':'s, to nake theory conform to Lee ssity, to make an honest living evenl atthe cost o sub-ordinatinZ dc trines th oretioallv s und. Farmers inay :-::rove c: trust . but if they see io preset firese -r's:rf de'roy ic thocse ihm: alr- ady ex:t to twrop rs"in and ha- the hope that be maiing one of theiro on they may cu'(~~re i. rcs for their great taple. t iuy rill noa: e isil persuad id to ay their hands. Te pinch of ert is ever mo-e no erful than e a!'urem~ants o -blanked barren dea ity.'' Hence we do not thick u F.? cot sderation o consistencv Il keep them from oiro., into a cot a''! trust if they thin a cotton true: i rleve them from their present i::arcial pl'ght. As e have said in previous ar:i::e: areatlv doubt the ability of the illi in farmers of th- south, widely rct-red over a great area. variously irc 'stanced atd unused to coopera lion, to eifect and maintaic a cormoina Lion for the purposo of reducing the cotton creace; and ib same dii:ical ties s:.end the plan of organizion a cot * on trust to corner the staple. Yet we v ould nct discourage either o, theSe rovements, because if Eicher should happea to succeed it would be of great 'alue to the farmers and the people c: the snth generally. Even if they should not be organized and operated, the free discussion of them would con centrate the minds of the cotton plant ers upon the necessity for a curtail ment of prcduction; and might pro mote by individual action that which could not be gained by cooperative ac tion. To realize the nature of a dis eas is to make an advance toward cur ing it: and the disease we suffer from is an excess of cotton on the brain. Prof. Davis is seriously misinformed, we think, as t> the area in Egypt suit able for cotton culture. Our under standing is that it is quite limited. The India cotton is very inferior and can never take the place of our fiae white staple. In Russia the industry is in its sarliest infancy. In. none of these countries could it be rapidly ex panded, in response to a rise in price, to a degree which would supply the mills of the world from other tielda than ours. Even at the cotton famine prices of our war time, though the cul tare was very prodtabie, the foreign aupply could no: app-nacha the da mand. It would take very high prices, maintained for years, to make outside production formidable to us. That tue south can produce cotton more cheaply than any other part of the worln is admitted by Prof. Davis. But why should we for this reason produce all we can Because we can raise it at a cost of 5 cents a pound, is it rational to raise so much of it that it can only bring 5 centst Surely not. I? tue crop is unoroliable it ought to be abandonrd by those who cannot make monev out of it-let those who can, keep up their production, and in crease it if they like. If the total crot is so great as to make the price rus dowvn to the averagre cost of prednc tion. then the total crop should be re duced until the average farmer can ,mak~e somethiog by pianting it. We entirely agree with Prof. Davih that what we commonly call over Iproduct on is rather under-consumnp tin, ciused by the inpaired purchas ing powver of the pc ple under the operation of the gold staudard. For this wec are seeking by the balloi a tin ancial rercedy, and when we get ita crop of 10 0000 bales will not be too much. Ba.t for this relief we must wait years; for the destruction of the truss s. must wn years; for every thiug save what wve can accomnplish unaiJedby Lav vre muet wait ,esrs. la"in mantime are vr- to gi on giv ing o r tin'e, jabor and thought to the u.limi~d produaction of a crop that co-sa' p cyv Not if we have half Tearers of th:e south will not be likly to as qmre a love for trusts if the ine a cottonl com 'cinat:on. Tat trui pich themu, as well asi our Irien. touo hard and in too :iany p~c Tnieyi! be gi:.d enou;-i to :cit~ t'eir tow fo~ t sa'keo sept away" thed tondre~ or. ;'anwi , it is possibeorhe it priey to renunc i rs Le mitt-: they iad to crea for~ Wr ilS Cu<ec e 0rra.. c.atae o tu: oanCuo 2- e di-o o a. m i r incn a to hum- are avery alierent m caract t an proes. u~te s a cose crpor ti cree t I - ..il compeisiOn p.ndrte ai 'og to ncl much ru i n - m n Cdaim onattxeraio in z d::eing the e:e-ssi .c-pia .i of cie sa w.1: th mins.d coir~t te lege repil go)rin 'ua~ n or ce wome marry mg oldn tueldir sdaors fora te rpo of :: Smn atesid sac rwn CONCER'.i:3 COTTON. A P1in to aobl'., Gne::in in i'u tu. y. The followir. g i the f:li 2 of Representative taxs will be intrcduccd b; him att an cly dav: A ~Bill to Abolishl Gacmblirg in (tton FItures and Others Agrisu:ral Prod cts. Section 1. From .r.d after th e ass age of this act. it sna:l be unlawf ul for any inJividua. rcrpo ra c: Cer association to engee in:r.:mIli' ne rations whose tendeicr is to altf-. a: titicially the market rc" or cotton or oth-r sgricultural products. Ste 2i. r te purocs.es of this :C" gambling operations inceec all con tracts for u.rchw a d sale, commor ten:-r and c e'.very; oft te :'.dual co. 'nodite naed ite c') :rac. is not mhade. Sec. 2 Each contract cftred livere of exton. crn. -he', an'd oa fs:a!!licate to o~ne: _ad a o ie and11 :. Linount . ." rd arceifr n no te" nl Fr os.ar t:1:re Y! a ' d a' that named in tec :: s::ailb legal tnder. Se.4b rro ropora in 3 c 1 z x.c.I.. c" assocliatin, :]ci1';ners. ? rr e .> tivt or o.! s. i d i l: arvo provisionas of th'i Si, sh:l :^on comi' les than . r ci *' s ao w rien ae uait be p]. to t" infoi nm ti.:r imprisonLed ful: n .-t !e than sixmont s. or.tol nnEa :-.! io pr's-yd in the directian of tl co':: tine and imprisonmetn:. any perscr 'ho has satforedl i'jny y r ~-ason o! asuch unlawf u operations _.y rcc vei damages iany court of ..'tp.:: j .rhind:..-ion. Sec. 3. .El : I and narts of acts in c nst .t rnne rr.v:-ons of ti .ct are . . I):. Scfs as seen W neday af ternoon after the idjournnet OL ti {oise, at is roon: at 1t Metroplita: hIotel an' ma-de toe folloi o stai e m(ent in reference t hereto: "Thae purpose of hisl is pa and its provisions i" enhaced ir.to) las will do all that legislation carn d:, to ward the end in vie. v "I have made a close study of th problem since the cotto a growers' con vention met in Columbia last mont: and appointed me a delega-e at larg+ from my state to the interstate cottor growers' convention called to meet i Atlinta on the 14th inst. At tha meeting, I will . resent a plan of co operation among cotton grow ers tta will give them control of the spc market. This bill will wipa out tin gambling market and leave the pro ducers of ctton in position to contro the price of their product withiz reasonabie limits. It is needless to sr that under the Drrovisions of the billi the same remedies may be appliet Ij ast as effectually to all other agri cultural products-corn. wheat, oats e:c. I speak of cotton specically be c..use my people are mostly interester in it. "The section of the bill requiring ea-h contract to relate to one grad; only will of itself revolutionize th: trausaction on the cotton Exncange Under the existing rul -s the selier o futures can deliv:: any grade froa gocd ordinary to fair. Pams shuts on 1 spinners and acta. buyers of actuna cotton, practicalily, from the cotton ex change. because the spinner wnen h: bays cotton wants to b'ay a certani 'grade. "If we compel the delivery of the grade spcified,. then spinners car have a snowing on the exchanges 'I repe M.; the bill will give the re lief the farmers need, if it beecom: la r; and.] it will hecomae n~ ia iin: farmers demsand it.' A L'u2or-Dlinktrg Btoa. They say that the D?:mocratic is: drai~tng party. Pennsylvani a el-et ed overwhelmir'gly a. Repubiica egislature last faiJ, ndt thin is te re ~cord it left when it attendled the tde-il cation of G-nera G .nt's moraaius ~in New York Ts b~e suppi .....j.....--' Wies and lig 'r....... 23 & Su pper at Padiiade'thia.. 1Cgirs............... . t 0 *Srvice of air......... 240 t F e -igh... ..... ,.. S 2 Iloilding kitehta..,,..~ 175 Oar' fare of waitto'......,......2~t 5 IToa...,.......,,. 7j To liquors returned.......... 157 To anie of sto"es.............32 u I Tot1.....,...........-..5...i i., & 'o'' C..s L2eou -);r~ :ana x1.zac :nwou in, tiaeo he 0 1..,. .. 0 acron tauur' Up- te sof~ tert C:P a -a - ACT. utivrnue Raiser. The Diney Tari' act as a preducer of revenue promises to be a ihr'e to c: e failu~re Trem ec-sare. ,-.:sih the s'. i s so r l attained, :. ?s est:m a eu r. r-' dI _ it under the Dirlgley law ..:eq'al tit 'of cien:cy for the thriee ears under t e Wilsont ia-. Tn ttemr.t n'aae by S creary Gaze t uc o r . receip t :- the irs:t y'at' undeer the n - taxir Fi n oy :o beyo ?i 5,000, )' iis rby in a at e Crts. r ten r tinc Mr C.age o ue 1r sof m Eio s. ralod '.............1 ' .. r'Ve: )LcnI : to 1 i. u-eno e trO Sthe colleionU f auris on impora tioshisesimecsarestllbelow tb be md byii ritoale accontens m tnie co ~-: 'Oment arm: $3 353.C 2 .or.. T-: toilleno ar of te :rdmnistatio e eor lam toe con r ' nthe Di i 1e. y act, red mr: bed o un rsua meosivermdnverine tonu io s t wt 1'p e7tn aoP-resnty~ne as raeida wee' theveicP.ce ::iRate .s ia : the rrga:z:ti a i h syntar ir~l toe ies nav:ent on det ac fli ence. m.,pc err :eterdin aykin the essuay eslo ut ieond th ering rY :-e. is o f the creer:mert for dniu ciS higerta:-y(.he was able th trentr asnras red fromovarh e1 A ~'rm ths pont, ith the Dinley c is for the 1oJ hT dTl t b tn t. o ',s sicJri oe t e has be-an: Jul y .....,......... 1,...... l,0 3,a . 1gu.t....................1455.0O0 . C.J- .................. 9 000 1v e ..er.............. 8S :52000 Sde:-rya Gae's theres for v:n u .e:, s a o y carrying into the csa 3 on- P cic sa e, mn k s a arplus for th,:ota of000. i Elba mu this mone in no Par a of tae reenue de rived from the Dirgey ac:, and Must be deducted from goverrment reve nues to ascetain what the a is pro ducing. W en President McKinley suee' d Mr. Cevelnd thae ash bcashin Ve treas.ry ivs 211.837,253. Imm e diately the preparation of a high ariy bill commenced, and under its iilua ence, imnporters having taken ad 1vantae of low duties and fearing ! much higher ones, the cash in the treasury was increased from March 1, to -August 1, uutil it reached:3233,010, From this point, vith the Dingley act in full operation, the dfit hitas con tiaued until N ovremoer 30, when it was, for that portion of the fiscal year are: competed, $16.,00,000. and running at a ratio of more tha 100, 000,000 for the en tire year. During the tinme years the Wilson act was in operation the deficit was: 1895........ .....,........:13.805.000 0 1890 ..........., ...... 2 53 000 Total ... ............. ,....81 00 ),0 0 admitting that there will be an in crease of importations during t he latter part of the year, it is claimed by Es -- perts ;hose authority cannet be quaes tioneo. that tne denicit treaca a., least a85,000,000, will be as much of a Whe PrsdetClevlnsue cn ingac 83.teewsa ENT ~O CONGRESS WHEN THAT BOCY MET LAST WEEK :t I, :1:t a Lrgtby Dccunent and Is oe Rcia Mb' or whs it Does Con C~I:t3 w I: Dcea, : ecaConcs assembled last week Pai>:McKiKev sent 'n his first a:,:al mssage. The message after accr : :: erything is lovely and th se fangs high immediately rcts too- wherein it is not and e r:e:ds a currency reform which :s :.i..ut ma'.erial differemze the =ame tht has been advocated by P;esident Cieveland and Secretary Carlisle for the past few years. He cal.s attention to the necessity which Ye governneut is under of paying old on denand, without the ability d'-enard cold when it receives its r:enucs;to the further fact thatthere n ay to procure gold except by -C iues and requests that legisla r facciitatinz the secretary of the u i. these issues, on long or be passed, if it is intended o canue the present system. He ommeads that national banks be :%:.d to ssu:notes to the full face ue of the Dcds they deposit, and t - ted ory one half of 1 per cent. beir issues. which shall be in s of $tO and upvards. When :leers or otters bring United States :oels and demand gold, he recom mends that these notes be not again fpid cut mept for gold. The presi de admit:s the failure thus far of the r-: at international agreement for t coiiage of silver, but still holds out the hope that it may os accom pl hed. i'resien: McKinley devotes a large part of his message to the Cuban o es on, and reviews it fully in all ts bearings. He dcclares the recogni i.ion of Caban independence is out of the q estion, and the recognition of a sta' of belligerency would prove a gre hatdship upon the insurgents.He outlines the great improvement that has taken place under the government of Sagasta since the withdrawal of Weyler, and declares it is the duty of this government to longer wait for the test of the new policy that Spain has entered upon. He says there are no longer any American prisoners in Cuba, and the conditions have been greatly ameliorated for the non-fight ing Cubans. le thinks there is prom Sise of ending the war under the new regime and contends that it is our duty to await a fair test of it. His positions are plainly taken and force fully argued but will probably prove a disappiat ment to those who think Spain has trifled already too long,and that this government should' go promp:ly to the relief of the insur gents. He favors a prompt ratifica tion of the treaty for the annexation of Hawaii, and recommends material changes in the laws relative to Alas ka. The message commends the prin ciple of international arbitration, and approves ihe enlargement of the scope and effectiveness of the civil service. The enlargement of the navy is re commended in some particulars, and the need for more dry docks is em phasized. These are the only subjects treated at length in the message. History repeats itself in the course of M~iney.Before and while he was a candidate he was an outspoken 'advocate of Cuban independence. He assurtd at least one man we know that if elected it would be his aim to taccomdish it. The platform upon wrtizh he was elected committed the Republican party to give "independ L ne o the island. Bit now that he s Pesident, Mr. Mc~inley professes himselt sideneid with a schemne of au tonom.y which is clearly farcical and iraudulet, and ignores his own and hi part' committal to the promo tion of ~asolute independence. The rsse is, the sa ne as in Grant's case. The mne yedi men of the east who elec d in do not care a snap for o~afor s and sneer at sentiment. Th:' da not want "business disturb ed" by auy patriotic or humane man ifestation. A drop in stocks or an in creased rate of maritime insurance might come from the rec gnition of Cuoun belligerency or independence, land they simply put the screws to their man in the white house to pre edn atinz of that sort. We do otsretheir sordid spirit, but we casnno altogetther blame these eastern ers for making McKinley stultify Ihimel to please them; they bought hi leto and they are entitled to WeA real z too well the extent to i"' .n rconey power has bound ? ie McKiey to put the least a c hi 2,mestions of ultimate anthe line of his past profes .' Theie are mere sops to placaLte c crea-l shamed and deeply a in : der the cold-blooded pol ego ernrment. Tney mean nu mre t~an id Ceveland's hints of n e ~ionat some unstated time. Shive a President elected by - dee:.cof the masses rather e :reseroithe fewwe can e o fora puiicy in accord with aen t cf t to masser.-State. ea P atriots -naeo a nalse. A uich fro'm Havana says it was -l i &2ran0unced from Spanish he.u 'ris thata "group of rebels" al naed hman rsera, near Guan a e,-a-o-d by tne treason of an -dee. Caiaerin the port of -,i iute 15 miles by ....e..a.t....ce. Cair inera a n of G.ntauamno, o'her um r .d narbr. The insur -i ,, report adds con N c 2:0 asvolunteers and C a.Tesyare alleged to a red a stor and to have car :no SUO,0,which was ad. WL~ch had recently b .aimanerai from Heana. dc tha thie insurgent kill -secor and two gen a uyand seriously wound 9 p. h paymaste: named Jose are Sanish cuerila, the of nuoaceme:t em~cids, have T aauenr-. Canm. 3 a brdirg abottle of wine -ro , whn the Japanese bue': ship, they liberate a - ei 2.ir birds from a re .ebowesprit. The c ed' that nulling a - cth vessel slides down caesitt fall to pieces 6 ittr -'erriiy about the th; sto sain the waves eraad 2ie. It is a pretty a at er the advantage vi he brcan bottle.