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The Silver Question. The New. York Financier's Views oil the Free Coinage / of Silver ST. LOUIS, July 22 -Both the free silver conventions assembling here got auder way to-day to a partial extent, but neither advanced far enough ro enable any accurate foreoast tn be made of the probable outcome of its proceedings. The national silver peo? ple, meering in the mu^ic hall of the exposition building had much the smoother path to travel. It met. I?8 tened to an able address by Representa? tive Newlands?, of Nevada, ita tempo? rary chairman, and a -fill more taking 'speech by Mr Wm P St. John, the ex-national bank presided of New York, which fairly captured the con veo tion It appointed a committee to confer with the convention of the Peo? ple's party and started in on the prepa? ration of a platform and of the inevita? ble address to the American people. ?hirty-two States were represented on the floor of the convention by about "250 delegates. No sort of doubt is entertained that the national silver con? vention will endorse the nomination of Bryan and Sewall after waiting a decent time to obtain a report from their committee on conference with the Populists t The Populist convention got no further than a temporary organization, Senator Marion Butler being made temporay chairman. The conveutioo is not at all harmonious, a part of tbe delegates being for the endorsement cf .Bryan and Sewall, and a part for nomi? nating a straight ticket. The event of the day was the speech j of War. P. Sr Jobs. The speech | contatos in a nut shell the whoie ques- j nea and is an irrefutable argument \nA favor of silver coinage. The speech j 19 as follow* : Gent lem ec of the O??a.ve?fioo-The ! skill and efficiency of your labors in j the past have been rewarded by the adoption of your demand for legislation ; by two great organizations of tbe peo- j pie, namely: the Democracy and ?he People's party. If now yo? are able to induce a coalition of these two or- j ganizatione for the ?>r.e purpose, the J desired achievement on behalf of the people will be ensured Assuming theo that you will prevail upon these patriots calling themselves the People's party to endorse the nomi? nation of Bryan and Sewall, it is advis? able to warrant the desirability of the end in view. lt is among the first principles of finance that the value of each dollar, expressed in prices, depend* npon the total number of dollars io circulation The plane of prices is high when the number of dellars in circulation is great in proportion to the number of things co be exchanged by means of dollars, and, low when the dollars are propor? tionately few The plane of prices at present and so for some time past i* and has bees ruinously low. The in? crease of our population at about two millions a year, scattered over our immense territory, calls for incrasing exchanges and thereby demands an in? creasing number of dollars io circula- j (ion The increase in the number of j dollars when dollar? are confined to gold is not sufficiently rapid to meet j the growth of our exchangers The j consequence ia a growing vaiue of dui ! lars or a dimin ishing value of every-j thing else expressed in dollars ; which 'is to say a tendency toward constantly j deoliniog prices. The fountain-head of bur prosperity has run dry. Our farmers all over the country have endured the depression in prices until they get about $8 or $9 per acre for an expenditure of $10 per acre, and the like. Their credit is ex? hausted at their country stores. The i country store ceases to order from the { city merchant, the city merchat reduces i his demand upon the manufacturer. Manufacturers are curtailed Tbe con? sequence is that employees and ali ele? ments of labor are being discharged, and and wages are lowered to those who j continue in employment. The suffer ings of the farmers, who constitute ! nearly one half of our population, is ? thus enforced upon tbe city merchant, j the manufacturer and all forms of labor. I These combined elements constitute ibe i overwhelming majority of voters \ Their intelligent conclusion will be felt | wheo expressed at the polis The banker also is without prosperity . unless prosperity is general throughout ; the United States. He must learn to i distinguish between cheap money and j money commanding a low rate of inter- i est The dollar worth two bushels of wheat is a dear dollar and yet it com? mando interest in Wall street at present I of but 2 per cent per annum on call. '. if the dollar can be cbeapeued by in? creasing the number of dollars, so that \ each dollar will buy less wheat, thc- in? creasing price of wheat will increase the demand tor dollars to invest iu its pro? duction. Than tbe borrower of dellars to to invest io the production of wheat i being reasonably sure of a profit from ? tba: employment of the money, eanorTord to pay interest fjr iis USG as a oar? ot his profit, la other words, intest is a share of the profit on the araploymeot of money Su that abundant money, money readily obtain? able which is io say realiy cheap money, is tbe money which commande ?> high rate Ot interest; as a share of the profit ! of the borrower in using it As we appeal to the country, in thc justice of our cause, one or .-wo points o? common inquiry ruu?r {satisfied as fol lows: The experience of Mexico in held ap for our alana. We answer, first, that Mexico is conspicuously pros? perous at home Her increase io manufacture, railway earnings and the like in recent years is ph?nom?nal. Second, Mexico is not a criterion for the Uoited States, for rhe reasofc that she has a foreign trade, iodebtednass of about $20.000,000 annually in excess of the value of her exports of cotton, sugar, coffee, hides, and the 1 kc, whrb must be p^id for io the produr of her j mines. Her silver, therefore, goes; abroad as merchandise and at a valua? tion fixed by the outside world. The ! United States OD the other band is a nation of seventy militons of people, scattered on over a territory 17 tim. s the area nf France A fiugle one of our railway systems, the Erie, exceeds the aggregate railway mileage of all Mexico. We offer an employment for money to an aggregate greater than the world's spare silver will furnish us. Hence, oar silver money at home and I abroad, will be valued as the money of the Uoited States The opposition tor?ateos us witha flood of Europe's silver upon our re? opened mints. We answer. Europe has no silver but her silver money. Her silver money values silver at from j three to seven cents oo the dolla?, high- j er than ours Hence the European ! merchants or bankers must sacrifice j from three to seveo per cent, of his full j legal tender money in order to recoin it j ?it our mints Europe's silverware. Ute America's silverware, carries in it the additional value of labor and the manufacturer's profit They threaten us with a fiood of sil- j ver from the far east. We answer that ; the course of silver is invariably east- ? ward and never toward the west. Brit- j ish India is a perpetual sink of silver, absorbing it, never to return, by from j 30 to 60 million dollars worth every j year- And India's absorption nf silver j will be enfarged by the steadiness of. price for silver fixed by our re-opened : mints They thraaten ns with a **>udden re? tirement of .$600.000,000 gold with ? the accompanying r-aoic, causing ex? traction and commercial disaster uopar j alleled." We answer that our tots! ? stock of sold other than about. ?10, 000.000 or $15 000.000 circulating on the Pacific coast, is already ID retire i m??m Practically all our gold is in the United States treasury or held by j banks Tho gold in the treasury will remain there if the Secretary avails j himself of bis option to redeem United j States notes in silver The gold in the ! banks constitutes the quiet and uodis- i turbed portion of their reserves against j their liabilities. It will continue to do j money duty as such after free coinage ! of silver is enacted. Hence a premium on it will not contract the currency. The utmost possible contraction of the currency will be the few milli' ns oircu- j latiog on the Pacific coast, d this! will be retired but slowly. A similar prediction of a flight of gold ? was made for the Bland aotof 1878. Pres? ident Hayes was urged to veto it, but congress passed it over the veil*, instead j of a flight, of gold as had been predicted j we gained by importation $4,000,000 for the first year, ?70.000,000 the next j and $90,000.000 the third year. I During the 12 years that the act was on j the statute books we gained ?220,000, 000 of forvign gold Instead of injuring j our credit abroad, as bad been predicted ! the United States' 4 per cent, loan, j which stood at 101 on the day of the I enactment, sold at 120 por ceDt within three years, and at 130 per cent, sub sequently Instead of defeating the re sumption of specie payments on Janu- I ary first of the following year, the 24,- j 000,000 silver dollars which were coined in 1878 and circulated by means of silver certificates, reduced, the de? mand upon the government for gold. Hence the threat of disaster now is1 without historic foundation. This, then, is what will follow the re-1 opening of our mints to silver: The i gold already in the treasury? will reraaiD j there, if common sense dictates the treasury management; that is if the treasury exercises the option to redeem United States notes io silver. A pre- ! mium on gold will not occasion a con- ; traction of the currency, bank hoards of gold continuing to serve as a portion of bank reserves against bank liabilities. A premium on gold will tend to in? crease our exports by causing a higher ; rate of foreign exchange, that is to say I by yielding a Urger net return in doi- ! lars on the sale of bills of exchange : drawn -against goods exported. A pre- '' mium will tend to diminish our imports by increasing the cost of bills of ax- | change with with which to pay for goods imported. The tendency of increasing our ex? ports and decreasing our imports will be. first, to set our spindles running, ; swell the number of paid operative; in? crease their wagrs, thereby adding to 1 the number and paying capacity of con surners. and thus eolarge our home market for all home products and manu tures wi?h prosperity in general as the result assured The tendency of increasing our ex? ports and diminishing our imports .viii j b<j, second, to establish a credit balance nf trade for ?be United States. A cred? it balaric of trade means thar Europe has become our debtor and must settle with us in money. Europe\? ?-.:!-rr money is over-valued in he: gold, eom pared with our-, hy from three to -. ven cents on tne aoUar. lue ivjrop?a: merchant or banker will, therefore, make his trade settlements wah ns in gold, more profitably hy ir-im three to seven per cent than tn nts silver. With the instant that Kurcolo trade settlements with the i'nifed States sue j ft in gold, parity for our gold ?nd silver money is established in the markets of the world. Therewith the 371 1-4 grains of pure stiver in our silver dollar and 23 22 grains of go'd in our gold dollar are of exactly eqoal worth as bullion in New York. To be Fought to a Finish. The Seaboard-Southern war Now on in Earnest. The rate war between the Southern and the ?Seaboard Air Line begins to? day in dead earnest rhe first cat of the Seaboard has been in force for some time, but the order of the com? missioner of the Southern States Passenger Association authorizing similar cuts by Association lines goes into effect to-day, and this is, of course, to be considered as the real beginning of the war. The course pursued Dy the As? sociation lines will be watched with interest. There is no question of the fact that an effort will be made to have all of them participate in the war, but whether they will all allow themselves to be dragged into it is another question. The fight is a fight of the Southern system, but it ie pret? ty well understood that the Southern dominates the Association, and it is consequently pretty safe to assume th ate very member of the Associa? tion will be called upon to come for ward and aid in the effort to crush the Seaboard Air Line. Most people are familiar with the origin of the trouble. The Southern went into Not folk and put on a steamer to Baltimore to compete with the Old Bay Line, in spite of! that company's p-ntests that there was scaiceiy business enough for . one line President Hoffman, of tho j Bay Line, is likewise President of j the Seaboatd, and the railroad and j steamship companies are very inti mate!) associated with one another. ? The Seaboard, in fact, claimed that the Southern's action was a direct ? Uvtack upon it and its interests, and j it met the situation by making a ! seewping cut in both freight and pas ! senger rates from the East to points | in the interior of the South Atlantic ? States. For a few days the Pas senger Association took no step, but j after a while it authorized its mem- j bers to meet the Seaboard cut The j last named company is, however, ? determined to force the fighting to the bitter end, and it is generally understood that as soon as the first cut ?6 made that the rates will be | sent topling down once more. The feeling between the two competing lines has al wa}'s been very bitter, but it has grown so much in inten? sity lately over this last fight that lhere is no telling to what extremes the rate cutting will be carried. Vice President St. John, of the Seaboard, has given to the Norfolk papers a de? tailed history of one side of the case in which he explains fully the posi? tion which his company occupies in the fight. He says : 'The Bay Line, although entirely independent of the Seaboard Air Line, is and always has been a close ally and friendly connection More than that, the Seaboard Air Line in extending its aid in time of need to the Bay Line is practically conserv iog its own interests, which are also 1 threatened. We believe that no coi; fidence can be placed in the promises j or policies of the Southern. In some | States it seems to successfully evade i enacted law and Court decisions, and si? long as it can dictate the member? ship of railroad associations and the officers comprising them it is a stick? ler for tariff rates, and especially is the latter said to be true where ?t has been successful in closing out all avenues of competition. In certain cases, after its lecognized aod self asserted statements in regard to the consolidation of other lines with its own, and where investigations have followed concerning such matteis, it has suddenly necessitated the use of a 'field glass' to determine its owner "J? or a competitor to appose it is simply to invite the statement that j such competitor will cease to exist in ? a very short term of years, and in many j lines the fear of it causes discrimina- j lion in its favor and against its com? petitor, entirely at variance with the I third section of the Act to regulate | commerce, which provides that : 'lt i shall be unlawful for any common j carrier subject to the provisions of j this Act to make or give any undue i or unreasonable preference or advan- i tage to any particular person, com- j pany, linn, corporation ur locality, j or any particular description nf j tiaifiic, to any undue or unreasonable j prejudice or disadvantage in any res- ; peet whatever,' etc. "The influence of the Southern has been powerful enough thusfar to prevent anangements for running i through sleeper and from New York over our line, ?Inch the Southern enjoys. We have been three years trying t-> secure this from our con? nections, and expect yet to accom piish i'\ although at present if is un? lawfully denied us. Wc have !>..<.!: ?i?waifi'?] in iii" same way and by the s;'.U!<- influences ?:: our efforts : . -.;?. cure through cai facilities foi om passenger taritnc between Allanto and New Orleans, notvvilhstanuini: the fact that the third section ?? tho Act to reguiitd commerce further provides as follows : 'Ever}7 com- ! mon carrier subject to the provisions 1 of this Act shall, according to their j respective powers, afford all reason able, proper and equal facilities for ' the interchange of traffic between their respective lines, and for the receiving, forwarding and deliver- ? ing of passengers and property to I and from their several lines and those ; connecting therewith.' etc. As the | Seaboard cannot be bought orintimi- j dated, the policy of its competitor ! may reasonably be experted to con i template our isolation by disrupting our connections with Northern cities, as was tried during the boycott of last year in the South and Southwest Public opinion, however, makes law. and laws against the cansoiidation of parallel lines of railroads have been enacted by many Southern States, and the Supreme Court of the United States has declared these laws to be constitutional. Sooner or lafer these laws will be enforced." Cotton Ties. They Will be Raised to Twice the Price. For some time merchants and plan? ters have been enquiring of the cotton tie dealers what the price nf ties would bi. Those io Augusta who sell to job- I bers were unable to answer until yes? terday, when there was an announce? ment that was altogether startling The manufacturers of ties, located j mostly in the iron regions of Pe::nsyl- ? vania, have pooled their interests, and the farmer will pay twice as much this year as he did last for his ties Here are the figures ar. they were quited here on yesterday: in lots of 2,000 bundles. ?1 22 1-2. j Ia lots ?ess rhao 2,000 ?1-27 1-2. Last year ties sold at 65 cents per ! bundle to jobbers. This year the poor -farmer will pay ; perhaps $1 80 nr ?1.35. according to; bow much profit the merchant wshes to" make ocr him. In speaking of the raise in th? price? by the trust, noe of the mos? prominent : dealers in this city said to a Chronicle reporter yesterday that, it was natural. For the past, few years, said ho. the j manufacturers have been literally cur ting each other's throats in their efforts . to outseli. They have sold ties at a | price for which they could not manu- j facture tbem. and hence have lost much money, and now raise the price io order that they may get back some of the money they have lost in the past few j years fighting one another Of course the price this year is more than ties sold for several years ago, when there was no war on. In the long run the farmer is losing j DOthiog, for be has bought ties much cheaper in the last few years than for? merly. The hardship comes in having to pay back this gain all in a lump It was learned yesterday that the larger merchants of Augusta have on hand perhaps l5 per cent, of the ties they bought last year, not having sold them out because the crop was a short ! ooe. On these they realize a profit of | ?early 100 per cent. Bagging is also slightly higher, hut ? the farmer can make up these little dir-1 fences by putting his cotton in heavier \ bagging, thereby getting the same i price for it that he does for his cotton.- ? Augusta Chronicle. Backten'* Arnica Salve. The Best Salve in the world for Outs, Bruise? Sores. Ulcers, Salt Rheum. Fever Sores, Tetter "happed Chilblains, Corns and ail SK TJ ErnptionE, and positively cure? Piles ot Go piy required. Ii is guaranteed to give per- j feet satisfaction, or money refunded. Price 52 cents per box. Formale Dr J. F. W.De Knoxville and Western Sold. GBEES VILLE, July 23--After al number of attempts to-day there was s a success in the sale of the Carolina, j Knoxville and Western railway Col Mike Brown and other railway men were here to attend the sale which took place at noon to day. There was but one bid made and that was by James T. Williams, the j mayor of Greenville. The bid was the minimum ordered by the court - ? $15,000 The road is completed to the mountains lt is understood that there is au agreement with the com- I pan}'' now building a road from Knox- , ville to Nashville to connect with i this road The Knoxville and Nash? ville people to make the line to this ; side of the mountains, li' this i is true, thon there will be a direct! line from the west to the seaboard by ; this route. The buyer ol the Carolina, Knox- j ville and Western declines to talk, but ; it is believed that there is a big rail- ? road deal ahead which will develop this part of the State. Klcctrie S?ifttrs. Electric Ritters is ;i medicine suited lur any ?cas'tn, ?'?ir perhaps more generally needed, when siie languid exhausted feeling prevr.ifoa ".}:..!. ihe tfv-iT is N-'jii.l ;iti?l sluggish r.ri'i the nee-', vi ?< u-i.:-. and :r?ter.itive is telf. A pnuiipl us?<>? th:> medicine has '?-J len averted lung an?! nerfcap.- fatal b;li?u.- tVvsrs. !>.o medi? cine wv?? ?iet iii- rt- s ure'.A in counteracting ind freeing t itt- >'?. m frein uni fri rbi ; ison _ tlc :d ?ich?', Indigestion. Ct?nsrip:iti ?n, !';/./: ?ti*.-- - yield . ?> :..!?-< <T i hit?is. i?c :?n.l $l.?H lier Unie .: .1 i-' U* De Lorine's Drug Sf'?rt*. i Punes, < )rgnn J and Sewing Machines -old i>;. en<s tr-ruiiV H?u exchanged for old ones >.i the Sumtei Music U. use, i:: Masonic Temple liera mm AND How to Attain It." A "Wonderful "Sew Medical Book,written for Men Only. One copy may bo had f xv-e on application. ERIE MEDICAL CO. BUFFALO, N. Y. S500 RKWARD. We will pay ?he ak ove reward for any case of Liver > omplaint, Dyspepsia, Sick Head? ache Indigestion, Constipation or Costiveness we cannot cure wiih Weft's Vegetable Liver Pill?, when the directions are strictly eon plied with. They are purely Vegetable, and never f'/iil to give iatisfntion. Sugar Coated. Large Oos*0, 2h cents. Beware of of countet feits ?nd imitations The genuine manu factnred only by THE JOHN C WKST COMPA? NY. Cntcago, III. Fur sale in Sumter hv J. F W. DeLorme. IE\QEiS>,T$ FOR EITHER SEX. LL * Pit Un ? This remedy being in? jected directly to the seat of those diseases of the Genitourinary Organs, requires no change of diet. Care guaranteed in 1 to 3 ===== days. Small plain pack? ?HS TT TO TTI age. by maU, S 1.00. l*0U ?&J?? Sold only by J. F. W. DKLORMB, Sumter, S. C LAO! ES MtOOMB? DR. FEUX LE BRUM'* Steels Pennyroyal Pills are the original and only FRENCH, safe and reliable euro on the market. Price, $1.00; sent s by mai:. Genuin e sold only by J F. W. DKI.0R.ME. Sum'er. S. C. BUY NONE BUT THE GENUINE. 8,000 Merchants sell Hawkes' Spectacles successfully. Half of them handle other Spectacles without succ?s?, Showing the Great Popularity of HAft' KKS' GLASSES over ni! others These Famous Glasses are fitted to the eye Dr A. J China's Drug Store, Sumter. S- C Dec ll-o. The State of South Carolina, COUNTY OF SUMTER. COURT OF COMMON PLEAS. SUMMONS POE BELIEF. Complain Nwt Served. Sebastian W. James and William J. James, plaintiffs, against Martha A. Ferguson, Edith Hogue, Hortense Hill, Ethel Jones, Carrie Panknin, Gertrude Panknin and Mattie JJ. Panknin, iJefendants. To the Defendants above named : You are hereby summoned and required tc answer tue complaint in this action, which hus been this day filed in the office of the Clerk oc the Court of Common Pleas, for the s-?id County, and to serve a copy of your answer to the said complaint cn the sub? scribers at their office in the City of Sumter, in said County and State, within twenty days after the service ht-ret.-f, exclusive of the day of such service ; and if you fail to answer the complaint within the time aforesaid, the plaintiff in this action will apply to the Court for ?he relief demanded in the com plnint. Dated at Sumter, S-C., July 14, A. D., 1896. HAYNSWORTH & HAYNS WORTH, Plaintiff's Attorneys. July If- 6t. I have got in stock a full line of Buggies, Ladies' Phaetons, Surreys, Car? riages, one and two-horse Farm Wagons, which I offer for sale at Low Price6. I represent several of the largest wholesale manufacturing companies in the United States and can compete in quality and price with any dealer in the country. Call and examine my stock and get my prices I wiil save you money. GEO. F EPPERSOX. Office at Epperson's Livery Stables HEADQUARTERS FOR a r ? a 1 II H T FOR THE NEXT SIXTY DAYS WILL SELL AT 10 percent ABOVE COST All of his stock of China, Glassware, Wilioware k Woodenware. Also entire Stock of Toys. ll -'?I Silver IPlE^ted ~%?T&ur&. A magnificent assortment at 25 cents per piece. This is a leader. The Peerless Oil Cooking Stove is the latest model and best manufactured. The Wilson Trash Burner is the mest convenient and economical heater ever invented. Af in the past, 3 fall stock ot tbe best STOVES AN? RANGES Always on hand. Housekeepers can be suited, no master what they may Deed in any of the lines handled by Scaffe. The Workshop is better equipped than ever and every variety of Sheet Iron and Tin Work 1 urned out promptly. Stove Piping and Tobacco Flues manufactured to order of the very best mate? rial. Piping made by Sca?v guaranteed to last longer (han any other. Am prepared to estimate 011 Tobacco Flues, Furnaces, Doors and Frames. All sizes of Iron for Flues-Nos. 16 to 28. DJltVEN WELLS put down in any parr of the county. Best pumps and ma reri? 1 used, thirty inch points. Guarantee a good flow of water. Remember the old reliable and sive him a call. A m Dec 4 SUMTER S. C.. July 5th, 1896. We don?t claim to set the world on lire : but we do claim tu be in position to sell the public generally the best buggy, carriage or wagon in the market for the money. We have now in stock a pretty line of all styles of vehicles and harness, and don't propose to allow anybody to undersell ILS for CASH. All we ask von to do. if von need a buffffy. carriage, wagon, or set of harness, is to look at our stock before buying. Also on hand a car load Spiral Spring Cortland Caris, and a car load Auburn Wasons, which will also go ai lowest ligures for CASH. Come and see before buying, and wo will si tow \"?>n the Uv si Assorted Stock