The Horry herald. (Conway, S.C.) 1886-1923, November 03, 1887, Image 1
jHf; - J
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VOLUME II.
The IMan of lliill snMl !'??"?
Associations ?x ;>'i>'11*"<I i"
,, mil.
, ?' Sumljr lloralil.
Tho ro-operative hanks urn oroanj//.(|
titi'ltM tin* oeiioral laws of Massa^Xusi'lls
ami tin- statutes reotila
iino tiiesuassociatioiis are carefully
drawn so .s to define their methods
of busines and protect tiieir members.
The I;i1 provides that 'Jo or more
persons lu't \ asso into theniseivc tojmther
mjl form a hank. I'lio capital
of e'ery hank is divided ino
hares r?M'csentino- a value of .s'JtHl
each vvltn matured. Any person
imiV heume a member and take as
many slues as lie sees lit, not exceediiijr
'Jo. ( )n each share the
sharefi'itler must pay ?1 per month
on or brore the monthly tneetino of
the bak. This continues till .all
shares lature; that is, become worth
ijyJOO tch, iticlmlino deposits and
??. eiirnins, when the money is paid
back I the shareholder in full, or, if
he bctuues a borrower, it cancels his
debt.
Abnonev received by the corporatioifrom
cjicIi meinber must be
recejl''ti f >r in a pass-honk provided
by 0 bank lor the use of, and to be
heldlv the member, which shall be
pluiV marked with the name and
resinice of the holder, the number
of sires held !>\ hint, and the nuinberi
designation of the series or issuiti
which the shares belono-, and
tliililte of (lie issue of such scries.
Miallv ii series of shares is started'verv
six months. If no interest
wait earned on the tin nev paid in by
tbshareholder. It would t.ake !jt)()
n fit lis for ? I a month to iiniount to
&K), or l().-; years. lint iis the dopits
with the batik earn compound
ierest, the shares become worth
00 each in III to 1'2 vears.
In Cil.se the ?lues of S I a month
jr share are not paid on or before
jo inonthlv ineetiiiir, a line of 'i
.Uit s a in out h on eaeh slisiro is si
(I not so much as a penalty, t (> .
nduce prompt p.ayinent by slta re hold
M's. for instiMice, if omi^^^o4 live
shares and does not pay \\ 'Yes on
I %J *' (? I
time, he will l>o recpiired \ !' pay iit
the next monthly meetino the $0 in
default. It' cents line and his regular
dues for the current month of ?0,
} inakino- * 11' for the t wo months. No
forfeiture of the money paid in is
possible, as a member of any bank
Jean withdraw on Lfivino a month's
notice, or if a person has subscribed
for a la roe number of shares, ami
finds that iie eannot carry so heavy it
I load, ho can withdraw part of his
-shares and oo on with the rest.
Loans tire made at each monthly
nicotine- of all money paid in. Suppose,
for example, that a bank oroanI
izes with ~tHI members, and each
v takes HI shares, which would make
i I'n. iimiiiiit i ,11 111 III lit the Ill's! immtli
, |i _ ! ;
' ly mooting &2000. Then any member
who can give satisfactory security
is entitled to borrow this sum, or
any portion of, it, at (> per cent,
interest, payable monthly with his
dues. Hilt, doubtless, out of the lit)0
members, there would be several who
I desired the loan of the ?2000 with
' dech to build buy house,
iierefore, it is* provided that the
>ney to he loaned shall be put up
auction and a premium be bid for
the privilege of borrowing it, which
must be paid monthly, in addition to
the regular 0 per cent, interest prescribed
by law. The premium is so
many eeffts a share per month. Any
person bidding <r> cents per share
premium really offers to pay I) -5- It)
per cent, interest per annum on his
loan. lOach additional bid <>1 o cents
is an increase of i- It) of 1 percent,
per annum. A bid of oO cents per
share equals 0 per cent, per annum.
For every loan made a notev secured
by first mortgage of real estate, must
be given. In addition to his mort->i
. gage, the borrower also makes to the
y bank a collateral assignment of one
share! of his stock therein for every
*200 of Ijjf, loan. The main condition
of the mortgage the other conditions
of ordinary mortgages being
also inserted is that the borrower
shall pay to the bank at each of its
stated mouthy meetings the interest
and premium which ho has bid for
his loan, and also his monthly dues
of ?1 each upon the shares which ho
lias pledged as collateral security,
and shall c? ritinue making these, pay?
...cuts until snid shares, through tjio
payineni'of dues thereon and their
partici|l$T?>n in the profits of the
bank, are worth ?200 each. When
xL! li ! . _ t l a t t
i iiim result is reaeneu, in me case or a
loan of $2000, for example, the account
will stand thus: The hank
holds a mortirajro for $2000, and the
mortgagor owns 10 shares in the
hank worth $200 each, making $2000
L in all. Ilis stock pays his loan. His
fc shares are eaneelled. his
discharged, and if he has invested in
a house he owns it free from incumhrance.
H Loans may he made upon pledge
of shares alone, hut only to a less
amount than the actual value of the
shares. Loans are made in small
sums?$50, or any multiple of $50.
The successful bidder for a loan
pay one month's interest and
^^^^^^Htemium immediately, and this he
V
44 3E THUS
forfeits if niKMi examination it is i
found,that the security lie oilers for i
I his loan is not satisfactory. j i
Loans nun ho paid Lack at any j I
monthly nuM'tinjr. or earlier, with interest
to that tlav, tlitis oi vino the
borrower a oreat privilege, and onaI
hlino linn, if he has borrowed his , I
money at a iiioh rate (say s or (d per
cent.), to re borrow at a lower rate, :
which lie may be fortunuti onouoh 1
to oet on any subsequent evotiino. 1
lie will have to pay the interest on 1
his two loans for one mot th. and the
j c ha roe for new papers, but lie will
...1...1. ..w.w, ii.? -...1 1
of interest on his new loan.
< >1 course a person may invest in i
tin* shares of a bank ami never he a
borrower. For a yuiini* man or wo- j
man able to save something from
their waoes. ami desiroim of j?r*?vi?1 ino
for the future, no better or safari;
way, ami probably none so profitable i
as this system, otters itself. The !
oreatest argument in favor of these
banks, however, is that were it not ,
for them three-fourths of the mem-{
{ hers wouhl not a cent. Those who
will lav l?v from *0 t? s'jU per month,
by naymjr into the co operative bank
monthly for a period of ill or I'J i
years, can realize from &I01M) to
s |t Kit I.
There is only one salaried oilier in
a bank, the secretary, and hi* pay is!
[small. There are no eostiv ha kino!
houst s. and the expenses of doiuo
luisiness are redueeil to the least
possible sum. I he danoer of loss of
money is sliolit, as onlv aj, mail sum
is kept on hand, the funds received
i ach month beino loaned out at onee.
I he business is done in open meetino,
ami evert shareholder has an
1 opportunity to see ami know how
the alVairs of a bank are conducted.
I lie profits of the hank, as lias j
hoe11 stated, are larger than anv oth|
er eouall\ safe investment. The;
sources of jrain inelude the interest!
on loans, paid monthly durine- their
i eontinuanee; the premiums hid for
loans; fines on dm s. when ;11 arrears,
and the profit to rt inaiiiin shareholders
oil \vitlulr:i\vah of st<-k before!
the ultimate i suit is reached. [t
should he explained here in recrnnl
to withdrawals thai most of the ni.
I operative .banks have a regulation
that in ease a member withdraws his
shares before they mature lie shall
; have only three fourths of the proli.s
standing to the credit of the shares.
1 his rule has been made for the purpose
of itiducino shareholders to eontiu.ie
depositing savings, and tints
receive the full benefit of the system.
The average interest paid on a hank capital.
however, is 7 per cent., and
in case a shareholder withdraws he
oets three-fourths of it at, or about
irj- per cent., which is more than he
would have received ii. a reoular
savings hank. The portion of profit
remaining in the hank on shares voluntarily
withdrawn is added to the
cuius of shareholders who do not
withdraw.
Tim above-mentioned item of profit,
which are largely increased b\ the
mentally coinpuundinir of interest
j upon them, as well its upon the
monthly tines, are added together
every six months (usually), on tin;
settlement "I the books, after sctlino1
.apart a small sum for a ouarantinjr
fund ami paying tin* expenses, thej:
balance is apportioned auiono tlit* j;
| shares limn outstanding. l iiis shows
what the profit on each share has
linen, and this, added attain to tin;
dues paid in and the profit made I
durino previous years, shows the actual
value of each share of stock at
| the iriven date, and this process is
repented until the accumulated dues
land profits will divide to every share
the sum of ?200.
Seville's hanks in makiuir loans are
n
limbed to 00 per cent, o' cash value,
and often sustain losses when it was
supposed the\ had a niaroin of 10
ner cent., hv reason of iireat shrinka<o*
of value. Their risks on security
seldom decrease, hut oenerallv
become, greater hy deterioration of
property. With co-operative hanks
tint maximum of risk is incurred at
the start and continually urow less,
?i
i as the borrower regularly pays in a
portion of the loan, thus addino o>
the security for the money advanced
11v the hank.
Tho foreclosure of a moi t?pioe is a
rare thine- in the business of the eo
! operative hanks, and in the 10 years1
experience of the Pioneer Hank actual
loss has occurred in bu? one instance,
and the only effct on the
oains of shareholders was a reduction
on-half of I per cent, in the rate of
j interest for six months. The law
provides that the shares of a member
who continues in arrears more than
six months shall, at the option of the
;r ?i i? i
I "ini:\ nun, 11 inn Mii-iiiuur iiiiis id |my
tin; iirroars within d() days after no'
tico, bo doe la rod forfeited, and the;
withdrawing value of the shares a'
I the time of the lirst default shall ho
I ascertained, and, after deducting all
I lines and other leeal charges, the j
balance remaining shall he transfer- 1
[red to account to he designated the
' forfeited share account," to the erod!
it ef tho defaulting member. .Said 1
member, if not a borrower, shall he
entitled, upon J10 days' notice, to receive
the balance so transfeured,
without interest from the time of tho
TO TOXJE WOED
CONWAY, S. 1
transfer, in the order ??f his turn, out
>f tin* funds appropriated to the pi*\ inent
of withdrawals. All shares sol
forfeited or transferred shall eease to
participate in an\ profits <>f the corporation
aeeruino after the last adjustment
and valuation of shares hefore
said lirst default.
If a horrowinir metnher is in
r ... i .
i.m-.un i 'i urn lllierCM, J ?i'?' III I U !11
or lines, for iilore than si\ months,!
the direetors may, at their discretion,
declare the shares forfeited, after one
month's notice, if the arrears continue
unpaid. The account of such borrowing
mem her slia 11 then he dchileil,
with the arrears of interest, preni in ins
and fines to date of forfeiture, ami
the shares shall he credited upon the
loan at tiie r withdrawal value. The
balance of the account may, and af- i
Ier six months, shall, he enforced
uoainst the security, and he recovered
at law.
There can he no run on a hank, a*
it is provided that at no time shall
more than one half of the funds in
the treasury he applicable to the demands
oi* withdrawing members wit',
out the consent of the directors.
i I all t he shares in a hank were al- i
lowed to mature a oreatersum niioht
he reunified to pay the amount than
the hank could command, so it is ar- j
ranoanl that the directors may. at
it..,;., i t - > '
.in * i i r?v iv i l v ' i ? mill' I IllilUr l?\
them, retire i iii* ?l11111?r,m1 shales <>l
iuiv series at inv time after four
years from the .late of issue, l>\ enloteiiie"
their \v i t! a i ra w a I. The share-j
holders whose shales are to he retir
im| shall he detenu i net I I?\ lot, ami
lhe> shi',11 he paid the full \alue ot
their shares, le-> - ll line-, ami a proportionate
part of any unadjusted
h >ss.
Loans mr.y L^naid olT at any time,
1>11' the ufrea'ti w-Vflk'ace of the>e as
soeiations is tha\ /.Tie Sorrower not
only may, hut must, pay olV Lis loan
steadily, tliouen slowly. II you borrow
ol a sjivinj^s !?atd\, \mi cannot
pay your loan till it ma me-. Von
make no preparation. \ on expect'
to renew it. If all ones well, \ oil J
can ami do renew, and so it ip.es on )
till soni at hir.o" happens and you can
not renew, and cannot pay, an 1 the\
enter and foreclose, and you oenerally
lose your house ami home and
all you ha\e paid, and are broken
down and crushed. lint if you hor- j
.. r _ . i i '
niw (it a co-opcrailVC DUIIK, ami bllllii
ii house you must pay <>ff a part each
and i*very mouth, ami you must on (
on until all is paid and the house is
yours. \ mi have hern forced to!
save. You have been tauoht to save, j
The thought and the necessity are
constantL before von. Your neighbor
ina\ spend his earniiies freely,
but you and your wife and children
are all full of the idea of payino up i
the monthly dues, and so von save '
your money, and in the end own
your house, and it is free. Yon pay
oil' your inortonoe. The borrower of
a savings bank does not pav his.
You own your house. The savings j
bank or somebody else owns his.
A S(or.\ ol' Lincoln.
Abraham Lincoln was on one occasion
tryino a case in Saneainon
county. 11 Is., noainsta very able law-I
yer, who made .such a convincinir
speeidi to the jur\ that Mr. Lincoln
saw that it had produced an impression.
The cent leinan was not only!
precise in his oratory but in his dress,
and Mr. Lincoln saw a Haw in his usual
faultless attire. u(ientl uncn of
the jury," said "( )1<! Abe," when he
arose to speak, "the oentleman who
has just spoken has made a strono
ai'ouuu'iit. lie ha- ipioted the law
and evidence, and it is not for me to
sav he is wrotio. lie may be correct
in all he has said. Mill I want you
take a oood look at him. Look especially
at the upper half, and then,
eentletnen, tell me if any man who
comes before yon with his slandii.ecollar
buttoned Avrone end to,' witii
the points sticking away out behind
his ears, may not la- altogether mistaken
in all his arguments." The
plan was successful. Mr. Lincoln
had broken the spell which the eloquence
of his opponent had thrown
over the jury. Iliit'. /'<><>< < . :
*? *2> 4*
I'liiu MII.III fill " I III! I IICSS.
This is how Sam Small ox presses
himself on "holiness conventions."
"1 don't want to ho oonfouiidod with
t lioso chap; who g<> eli 1 > y 1 heim o! ves
into holiness conventions. There tiro
some brands of holim^s that ,.m not
to my taste. \ mi find them all over
the country. If this is holiness, I
want mine later. I'm in no hurry.
These entire saiietilieation advocates
make ine very tired. '\\ e can't sin,'
they say. Thev remind no of Lord
Ihindrenry who, when lie lirst heard
the proverb, diirus oT a feather (lock
together,' remarked, 'Mighty funny
birds, with only one feather. If I
was that kind I'd want to flock together,
too.' Such is the one-featle
ered, wholly-sanctified bird. They
need to (lock together. Another religion
in our midst is better fixed
even than this. These people are
not sanctified here, but they have a
half-way house, where thev stop and
get their holiness patched up before
they knock at the golden gate."
#
.^.asrio VT"CE;
TIU'RSDAV, NOV
The I >ea(li ill' I thielier.
Aft? r tin.' events through v\ I?i? 11 tlu?
inni) ?>f Kurope was eomplely altered
in IMe the Prussian Kield Marshal
Mlucher, the savior <>f \\*?"1 lins^t??n at
Waterloo, and whom nobody liked
because of his rudeness and brutalit\,
was put on the retired list. I >isheart
H'mI by his removal and redue
ed to inaction and obscurity, lie left
llerlin and went 'o reside in his castle
situated in i'omcrauia. >on he
tell into a deep melancholy, rendered
more intense by dropsy ami iuilatumation
of the chest. \ stranoe ehanoe
in his character took place. That
roiiL'h soldier became timid, even
poltroon. llo would not remain
alone in the darkness; solitude threw
hi in into singular anguishes. I lis
state of health, was reported to the
kitjo'. who esteemed and loved him a
ereat deal. The inonaivh ha vino
heard that at several times the marshal
had expressed the wish of seeino
him once more before he died, re- :
sol\ <'d to visit him.
I.eavino Iterlm in the morning, the
kino of Prussia arrived in Krieblowit/earlv
in the eveuino. Imineili-j
atel\ he was eoiidueted to Hlueher's
room. The sick man. ayed ~i I vears,
was reelinine on a sofa phu'ed before
a laree elumnev, in which enormous
loos of wood were burninou Th if ;
I'aines illuminated the r< om and east
mobile and ted reflection on the features
of the old man wrapped up in
bearskin. ,\t the entrance of his
sovereign in his apartnient, I'dueher
tried to fisi? out of respeet for his :iu
oust visitor, who previ ntod him from
ih'iiio so. I lie kinir took a ( hair and
sat I?v tin' sid?- of the marshal.
I'dueher ordered to I mi hdt ahmo
with his master. When cvor\ one i
had loft t ho room ho ho said:
"Sire, I have humbly requested
v nr inajostv to come hero, in this
ensile of isi ioldow it/; rather than not
see vmi I would have oone -to Iter-;
1111 myself, although I am dvinir. I
have a score! to eonlido io vour
est y, ji tcrrildo one. Will my kino
a I low me to s| ?ea k V"
"( 011ai111 v, 111v doar marshal."
"lie fore listening to my narrative,
sire, look at me well. Assure your- ;
self that I am in full possession of
my senses and that I am not a luna-j
tie. Sometimes I believe to be on
the voice of insanity; and I doubt if
I am not takino yesterday's visions
r i ' e i -. i
km .1 i < i11< i111ii <i11( <' MI ?i;i \ ifuur i >\ .
IJut no! added In* drawing a gold
bracelet from liis pocket, "no, ail is
true, all is real, and 1 am sure of
what I am saving.
"Listen tn me, your majesty:
"When, in I 7f>'>, the Seven Wars'
War beoan, m\ fat her, who inhabited
r""> 7 w
his castle of dross l'on/ow, sent me
to the manor of our relatives, situated
in I {u e'en Islands. After a whilclhe
Kussian Government ottered me the
Grade of cornet in the Klack Hussars!
regiment. I accepted . f a furlough!
to aitord iiic tint opportunity of pay- j
ing a visit to my family, that I had I
not seen for months. A leave of ab !
senee Wits granted to me.
' ()11 (iv way to dross Ken/ow I
found all that part of the Mecklenburg
horribly devastated. Arriving
about four miles from home I became
aware that my carriage could 1
not ascend (lit*, new stoop road eon
duetino to the house of inv ancestors.:
i abandoned it, and pursued inv |
jonriH'\ on horseback. followed by
one of my servants.
"I t was fifty-nine years n<o? this
very (lav, the 12th of August, and at
the hour indicated now by this antique
clock half past eleven. A
dreadful tempest sho>l< the trees, the
Hashes of liohtnino blinded nie and
tlie reports of thunder deafened inc;
the rain was ponrino. After ?_c;? 11?q?in?r
quite awhile in the forest I arrived
before the castle alone; my servant
had lost his way through tin- in(demency
r?f the weather.
' Without dismounting I Uilooked
at the door with my whi p. X obody
answered my call that ! repealed
three times without beino answered.
Old of oatienee I nlirrlii/wl tin
" 1 1 fs '"J
lii>rse, ascended t lie st(ion and entered
the castle. No lijdit, no noise anvn
7 v |
where. J avow that inv heart went
to my throat and a chill crept through
my hojly.
"What foolishness! thought I; the
o ( '
castle is deserted; inv family lifts
i'oik! to the city. No matter, ' as I
am here, I must urranoo myself as
well as possible.
"And ! en ssed a hall and went to
m\' father s r >om. A lire half extinl/uislied
was smokino in the chimney;
i i 1
1 >\ ifs faint lie-ht I saw inv father, my
i . < - * 1
iiiuiiin .inn my iour sisiers, seated
annuel tin; fireplace; tliev rose when
tliev perceived me. I ran to kiss my
father; lie stopped me with a gesture;
I extended my arms to my mother;
she fell hack with a sad motion of the
head. I called my sisters, each separately;
tliev took each other hy the
hand without answering me. Then
the whole of them rotarned to their
seats.
"kl)o not you know me any more?'
exclaimed I. 4ls it like this a family
oujrht to receive a son and a hroth- ,
or? I lave you already heard of my
entrance in the Ifm-sian service;? I
coul 1 not refuse. Itemcmher that'
the lir.-<t tiling I do is to come and
' I
ir ^.3sriD cci
mm 111:1? :;. isst.
inform you of mv action. What! mv
r..? 1 . .. V? . 1 *j \ 1 * %
iiiiii<-i, \ ' mi uti inn spras ; .my iiinin
or you keep silent? Have you for-!
ootten, my sister-, our mutual tenderness
and 11 ? ? plays of our eliild
liood those plays that this p ace has
\\ 11 ncsM'i I so often ?
"At lluxe last words my sisters appeared
to he moved. The\ spoki
low, rose and signaled me to up
proaeh. One of them knelt before
in\ mother as if she wanted to pla\ a
eame ill which the pla\ er - st rike each
other. Surprised with this stranoe
fancy in a moment so solemn, I
touf'hed the hand of my sister with
the end of whip. A mysterious force
attracted me.
"When my time came to kneel hefore.
my mother and to put m\ head
on her lap oli, horror! I fell a form
annular and cold under her silk
dress. I heard a sharp noise like the
rattlino of hones, and then a hand
met mine; that hand rested in it. It
was a skeleton's hand. I uttered a
cry of terror. They were human leinains
that I shook convulsively.
"( hit of myself, and with a disturbed
mind, I ran away from this
awful castle; in the yard I found m\
horse; I mounted and departed at a
furious pace. At the break of the
da\ iny steed fell dead, and my ser-I
van! found me Ivine under
tlx* a11i i>;iI. I was at ! 1;? point of
?I*>;t111 for over three weeks. When' I
iveii\ fii'il 111\ health I learned (lint
111 v liad perished, victims ?if
this pitiless Seven Wars' War, ami
tiiat our manor had heen pillaoed and
ransaehed inauv times.
"I returned to (iross louizow. I
wanted to pay the last dut.es to in \
famiU and to oive a decent Imrial to
tiio.-e I loved so dearly. Notwithstanding
the most minute researches
i was unalde to lind their sacred remains.
Alone, a hand, a woman's
hold I no- Ji irohl bracelet, was picked
up on the floor in my father's loom,
the same room v. here the fatal vi'iuii
appealed to me. I took that hraeelet,
this very one, and the baud v\.e>
huried in ti e chapel of the castle.
' Many years passed. Two months
aoo I was asleep on tl :s ;ofa wIhmi 1
was awakened l?\ a sliohi noise. I
opened 111 \ eyes, and saw distinctly
iiiv father, inv mother ai.il m\ four
sisters slandino before mo; iiiv sisters
look each (?\lt? i* l?v tiio liaml and
motioned me to join t liein.
" 'No, no! never! eried I.
"Then the olmsts, claspino their
hands, beoan to turn slowly around
me.
" si ustiee,' said iiiv father passino
before inn.
. " I'cuaucc,' innrmi.red my mother,
inclinino her sad faee towaids me.
" '1'raver,' said the ymieiir sister.
"'Sword,' siohed another.
" Twelfth of A H i^ust,' said the
third.
"And the last oiis repeated:
" 'Twelfth of August at midnight.' I
"And aoain they turned around
me, utteriuo the siime words, then
thev vanished repcatino;
" '(>oodby! (iondhv! The I'Jth
of Auifust tit 111 idni<fht!'
"I eomnrehendod that, ins life was
to he aeeoinj)lished soon, and nothino
mare was to he done l?y nie hut to
recommend my soul totiod and my
family to your majesty.''
"My dear marshal," replied tin
kino, "what you have related to me
is certainly very extraordinary. IVrliaps
fever and delirium have some
tliino to do with those visions. < 'our
aoe; take courage; li^ht against
those hallucinations and have aood
hope. \ on shall regain your health
and you will live many Ioiio years.
I )o you not helieve inn? \ es, is it
not ? (live inn your hand."
And <is Iilucher did not answer,
he kino of I'russiu sei/ed his hand.
it was already cold and rioid!
Midnight struck by the antinuc
eioek in the parlor.
I'iold Marshal Blucher, the savior
of W el i i not on w as dead. A o'' )"/ /,
(i i't/jili r\
A ICeninrkiilde I nveuI ion.
There is considerable talk in the
patent ollice just now concerning an
invention patented recently, which,
in the opinion of some, will be a formidable
rival of the telephone, Mr.
Bell's monopoly. The invention is
an electric typewriter. The inslru
men! in appearance somewhat resembles
jiii ordinary mechanical typewriter.
Ii ha* a key-board, ami the
types a in placed on steel .bars, which
jiliiv upon a common centre, as is the
case with tho type writer. I'ho motive
power useiI is electricity, I?v
means of which evenness of action is
assured. No matter how heavilv or
how liohtlv the keys are struck, tho
impression on the paper is tho sntno.
A romarkahle feature of the invention
used as a typewriter is tluit tho
carriage moves autoinaticallv hotli
forward jiikI backward. When tho
end of the line is readied the carriage
returns to the starting point without
the aid of the operator, and the paper
har moves one notch, so that ail tliat
is required of the operator is to
press tin; keys. The most important
iiehl for the new invention is said to
he in connection with the telegraph.
It is siiid at the patent office that the
instrument can he used hoth as a
1
- j 5
i /.
jnsTTi^ir."
transmitter ami receiver of intollioenee
over a single wire, no matter
liow oreat the distance tnav l<e. The
receiving instrument does not require
the attemlanee of an operator, hut
prints tin* dispatch + mm toimit ir*nll v.
I'll.* ilis)iMiiM. nt at Imlli ends of tlio
Iiiii* print tin* dispatch sent, ami so a
safeguard against mistakes is j?r.?v i. I .mI
It is claimed tliat the . * 1 m t ri?
t vpew liter will hi* valuable as a local
ai r to business, ami offers many a I
vantages over tin* tclcphoin*. < tue
advantage claim.mI for it is that no
matter whether a person called up is
at his place of business or not, the
message can be printed through the
medium of his typewriter, and .vill
be there for perusal on his return.
I lie dispatches printed are in letter
form, and not an endless tape. The
instrument, which has been christened
the dvnainoirraph, is considered
by patent ollice otlicials to be one of
the greatest inventions upon which
patents have been issued. The electricians
do not stint their praise, and
are positive that the machine will
oreatlv simplify business intercom
munication. Some of tin* eleetrici
ans of 111i- fits who have seen the in
strunient, notably IVof. IJerlinirer, of
the I3e|| Teh phone coinpanx, st ate
that the dynaiiiojrraph is destined to
take it place as a powerful adj im l
to telegraphy, and will be by no
means a rival that the telephone can
afford to scorn. .John IJu-sdi Voiine,
..v ... ? m.;.... i. .. ...i . .. i. ' i
. .n niMM.-K i iw v n? i i.i, i j. in i .1 is i i mini
of tin* new invention, and i - piosidonl
of the company which is t?? put it in
prut*I ica! < ?jutiition.
The \ lasUa I mliniis.
The ( 'hinooks tire indeed a wonderful
looking trilie of Indians t? those
who know the re,linen on the plains.
The> all wear wood eoats and pantaloons
and stronit hoots. They earn
plenty of money to hny store elothes,
am! the women are way in red and
yellow handkerchiefs, as head wear,
I while their saeones are made of
hriwht colored eloth and ornamented
with do/ens of pearl buttons sewed
ion in patterns. Hue was decorated
with the outline of a la ar, which was
prohahh the crest of her family. I lie
woman here is of much importance in
heredity, as a man belongs to the
I family of his mother, he it heaver,
fish, or otter, and thev are very careful
about their totems. I'ho next
chief is always the oldest son of the
present man's oldest sister.
The .Most Sagacious ! )o^ Yet.
A citizen of Ifronwood owns a
very sawacious <lo<>. If he drops a
hatidkerehief or or other article of
any kind, the dow will pick it up and
follow alone- with it. lie will also
take a paekawe from down town to
the oeutleman s house. I'erhaps the
best trait of this pep b that, he keeps
a strict watch over his master, and if
he takes a drink the dow at once lintlies
home and eommunieatcs the fact
to the went Ionian's wife.
>11 e h I Spin I I lie (hi me,
Miss I'arveuno Von must promise
iim' dim; t hin??, inuw.
Mrs. I'arveuue < 'ertainly, my put.
What?
Miss I'arveuue I )o not let Augustus
I mean Mr. Snohsou, sec
you till after he proposes.
Mrs. I'arveuiie ?lluli! why not?
Miss rarveune IJeeause, maw, at
twenty-live a jnrl cannot afford to
take chances.
O ^
There is a man of Indian descent
named I'irkett Nelson, li\im_r in 1*1 sse\
('oimtv, Virginia, who is a vcri
' n
table ipant, lining over seven feet in
lieioht an I weii/hine' o|t> pounds.
n r> I
Mis outstretched arms measure seven
feet four inches from the linger tip->;
from his wrist to the end of his u.id
die finirer is twelve inches; his foot
is fourteen and a half inches Ion;/,
and he wears a No. lM shoe, his lasts
heino necessarily hand made. lie
can easily lift o()0 pounds, is about
2o years old, is ouiet and even dilli;
dent in manner, and work - in a saw
j mill at Ksson.
Mo/.art, when only I'J years old,
played a new opera from one hearin
if, which had been composed expressly
to test hi* skill. A writer,
referring to this incident, sa\s: "lie
not only reproduced the opera from
memory which was a very difficult
piece without missing a single note,
hilt Oil JL second i.hivnwr lliviuu It.
v " " r"V'"fs
variations in such a manner that all
who hoard him were speechless with
astonishment."
o ?
Mr. .folios "No dinner to-day?
That's a nice statu of affairs! Where's
Mrs. Jones?"
Servant "Writing, sir."
"Writing what, pray?"
"I don't k ow, exactly, sir, hut 1
think she said it's an article for the
//ohmI'i'i /? r about how 'It's hotter
to Keep House than to hoard, sir, or
something of that sort."
A magazine writer has heen discussing
the ouostion, "Will the coming
man read hooks?" Not if he has
to nurse the baby while his wile attends
woman's rights conventions."
%
A
M'.MI'.KH I
%
\ < o\rrn111< 111 lVloympli
ll hits m>t to conn1, however much
wo may dislike tlio idea. Jay
< iould (ins !ivorshot the mark for
once in liis. lifo and in pure self dofonco
tlio j?overnmont which is the
people will sooner ??r later he compelled
to euuip a postal telegraph.
In just what way this will he dono it
remains f<>r the future to determii o
Some of the |?e>-1 men in the country,
anil some of the stnunehest I )einoeratie
papers, are inclining to this
view. W e ilou't like it - hut what
an wo do? We euiuu t huek against
tlm tifror, .1 a\ Gould has a hundred
millions of mo my behind hi in and ho
holds in the hollow of hi> one human
hand the entire telegraph system of
this immense country and of sixty
millions of people. Somebody made
the remark ten years or more ami
that if the government didn't own.
the telej^aph soon the telegraph
would own the Government. For
to..I ....I." i "hi... I ' ..I I" ... I
n i * w|,,|?|| ?<?|m ??!> * i' mll'l ?i i i * i
fur the jotvernment mud tliirty-six
\utetiean Stairs ami \oii will have
some idea <>f what was intended to
In* conveys!. .lust why a ooverninent
should own a tehurruph system
itself is host t.,M !>\- that staunch
I )ernociat i" pap* r, the I'rooklvn l '<t
; <// ', when it says.
"I mler the | > resent arrange met it
i the otlicial luisiness of th" oov- ru
ment trausacte.il over th" wires is at
t!ie mercy of those w ho arc political
!v hostile to the federal aduiiuistration,
ami 01 -".en! occ tsi his dip omatic
and linaucial secrets have
leaked out. causine mm h etnharra-snienl
to the administration. Only a
few weeks aes>, when a linaticial panic
was reported as imtiemliuo, the
Seerettiry of the Treasury was altI
sent from the city, ami it was important
that lie -I. nil ' 1111111 ii a t e< I
witli iin mediately. The teleoraph
was (lie only means of prompt and
speeds eoiiinmuicatiou, \ tie !'n us11r\
oflieials were afraid to use it. ap
prelien lino" that ti e informa i? u desired
miolit leak into the stoek mar
I ket and l?e miseotistrned. Such a
state of affairs, it is claimed, should
lint exist, anil <>M 1 v remedy thus fur
talked of is to establish a ifovefnment
r~>
j line.
If there must, be a monopoly let it
be, a1- the | lost >11 ii'ln/n SUN ?. "a people's
monopoly, owneil ;11. 1 control
led by the representatives of the peoThe
New \ ork takes a
\ery sensible \ i. \s of the situation.
It argues in fayor of a line, owned
| ami controlled by the jrovonunent,
, irrespective of, and independent of,
I the system controlled by Mr. Jay
(iouhl. In other words, let. (iould
bid with the e-overninent for the pat!
ronaoe of the public, I'hero is con,
siderable "sarcasm, too, in this sue.
I jo'.stion. The //< / *//?/ knows that in
this instance the people will not
j have to buck the ti?n?P but that tlie
i threr will have to buck the oeoi !e
" " O " # - | , I I
and there is very little doubt of tlio
insult of such an encounter. Mr.
Itiould lias oone a stun tun far and
; Im will indnud have an . elephant on
; his hands in case the proposed lino
should ho ustaldishnd hy tlio novumJ
inont. Tlio //?/v/A/says:
"Wo havo been driven into that
cornur and must make up our minds
which wo jirufur guviiinmeiit control
of a telegraph system or the
; control of a man who has absorbed
nearly all the lines of toleo1
graphic communication and who ar|
ranees a variable taritT to suit his
own convenience and which frequently
rises to the top notch of human
endurance. Since that is the position
in which we iind ourselves wo
do not hesitate to ask the government
to take charge of the teieoraph
as it takes charge of the mail. I he
Knights oT Labor at Minneapolis,
speaking for a million ami a half of
our wam> earners, have already done
this. The merehants in all parts of
the country, who are sending tuesj
sacra almost hourly, and who aro
subjected to a ti?_dit sipice/o on every
wire where competition has been
killed, are ready to do it, and the
press everywhere, with unmistakable
emphasis, is on the side of the people
in this matter. It is the quick
ami hone.-t way out of a dilemma.
Our whole telegraph system in the
hands of one man? That is a very
. i .. ... , i : 4 ii.. 'in
luiiijM-riMin uiiiijr m allow. 1 11 < *
means of rapid communication with
all parts of tho continent under tin*
control of a person who minht hold
an important secret for hours because
ho was financially or politically interested
in tho news to bo sent?
That is a serious matter. It is easy
to conceive of circumstances in which
a oreat crisis mioht lie turned to his
own enrichment hy millions of dollars,
or worse still, of circumstances
in which political events of great moment,
or even the issues of a civil
war, mioht he involved. Are the
people of this country willing to allow
any man, no matter whom, to
possess such authority as that? And
are they ready to intrust such responsibility
and power to the little wizard
of W all street?"- Wihuimjto/i /?'- ritir.
i; No disguise can lono conceal lovo
where it is, nor foi'gn it whore it is
not.
StijjS- >. ; y ' , . ;/'j