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,\.HL\I I; \I'LSSES. n< Nn‘t He “Cpl ‘5 (‘hI‘ he ‘1ettlp‘l. ranvo- \Imh- In Operation bf (he Lanr. W 12.13;); ‘ E'RLVLEX. ll. \X-ZR\ICB nun-n: Nvt‘nnle n Kidder - huu1o~ Pun-MIC! a 2194;): main “no {u â€".-_. t’xe United fl Nebraska l It'll :- ':O“II1Q"’... fl the “I. u M» \nu‘ldered. ,,z . \ r.u.x'..'1zmboen . . was ind-:r which '“YYI '13:: '1 Case ex~ ‘ .g aduuc of t M of th: governâ€" v~.. .. prhu servicm ., , , .) tee}; the l\i}l\,\§ massago (creme! to .: which con- ' A: wreJeml 3e8- 3i 1:) the de- m hzch l tnvlto '2 3c mummies of .ment by me 41:. sure, have : a} and :nterest. 'n-mr, ramor man «‘“WJH become»; W 2’ of the prop- ‘54 for action. M i 1! l‘ia‘lr fr) "ny Shaw!!! n9: psr- 1' 3 Once when 3’1! if Eh? prin- hAn gnuâ€"fifth of 'ciz . www. as "n: =ause mum. "'Jr' gag», clues , .v-pow must [.76 saze 1: as woe ,r we bid. AHLOICC BLh’ady p»? 'vrt. or the ' mM‘JS of :5 per rr me confirma- 0:; the Kansas '5)" government up“ mud inter- ne govern- »mme the my:- :nr Lumznt of ‘vveth’lt nder 1 MT} :‘i y a do 2 A v Fon- v“? Ly of the 'y deposi' u , :- ~31“: a sum ! prxr~zpal of , but suggest. (Prey. rracan :r‘wedatetv 2h. a.~uys be and In- .I .heviuu Keri-unwa- u: dwfiod s'n-l‘; 311V. U .. :enuro his wn test- )rJ or service. -~ 1.”. I r'xeéif. ‘ 9m". few ;,- m w“ upon \IL\\ Al’s an “and. The ) 't H “helmet " he an: horny ». 2x5“ purchase 2 even: that g )B'Z.e$ CuVéflug ! 5 v.11) aver . .1571. If ha 1: 'fi.s sum is . rr‘L'cJ‘e on Itts 17r- gngrnment wv er there (t.-'i.'?i of leaV! «. ‘ (3T1 measur . ~: lite-fig the '\ \ms to ”fit ,7 ‘i only by UN 'y, winch l! 1- * p ;mpossible raw (mp-arm a! the aura b»: further st should DO 1 CO Nd at me nu 9??qu , Camp Una: .L ..w 5: .1 VJ. "mr nt ‘ha ‘l’xe gov- 1 :ms yea pr pal cum. 3 Third Permix banks now orgnnfized or‘ hereafter organized go Issue circulating; notes to the bar value 01' the refunding bands hereinfiemre suggested, when de-i shed with the lreasurer or 'he L'rmvzdE v (ates; and. further, allow sue}. banks as? will avail themselves 0! the opportunity ’ Second. I recommend that provision be made for the issue of refunding loan bonds, pliable alter ten years at the pleasure of the government. such bonds to bear in- terest at the rate of 2», per cent. per an- num, payable. principal and interest. in gold coin; and that the secretary of the treasury be authorized to issue such bonds and receive in payment therefor. with an equitable allowance for the difference in interest, and part or all or the outstanding icans o! the United States which mature .by their terms or payment in the years 1304. 190’? and [9:55. \Vunld Strengthen (lul- Credit. The advantage .involved in the proposed notion lies in this: It removes an em- biguity trom our contract obligations-an nmblguity which affects unfavorably the government credit. TheWord “coin.” now used to express inc uii..5ution in the public . debt, is an ambiguous word. It is no doubt understood by the more discriminating public creditor to mean gold’coin. and the solemn act of Congress pledging the main- i tenance of silver coin upon a parity with gold coin makes it impossible to construe the word "coin." as therein used, to mean anything otiierthnn gold or its lull ‘equivnlent. Yet as this is a conclusion of . logic rather than a clear statement or fact, the simpler or more humble investors or wouldâ€"be investors in the public debt are confused and doubtful, and the public cred- “ is the weaker therefor. To refund our outstanding bonds now payable in coin into bonds payable ll: gold Would strengthen and confirm the public credit and put us in a. position to Command the markets of the world [or our securities on the most advantageous terms. ' Bank Note Circulation. To accomplish the objects herein sug- gested without contracting the circulation some other form at paper money must be snowed to till the vacuum which would 0th- e‘rwise be occasioned. The national bank note now familiar to our peopie is the readiest and mos; practical agent to ac- complish that object, and under reason- able conditions it Will be found responsive to the call The coiiiplziint uttered against the national bantt not as it now stands is not directed toward tin.- lilrihbd or buiik organization or ult- niiwiizxc safety guar- anteed to the noteiiuiiiur. it is tlll‘t'cltd tows those l‘cb‘iri "luiis it embodies, which suit in its 1‘ 'urt: to accomplish the tul beiieiit it ui ht to carry. The re- quirement oi” lhc law now makes it imposâ€" ,‘ibie to organiZe a bank with a Capitaiiof less than smiled. no matte:- how small the place in which it is to be located or hbw restricted the volume of business tliereito be transacted Because of that, with the udded expense of taxation, both national Ind local. many communities are deprived of the aid of banks of issue and burdened with on ous rates of exchange and inter- est char es. in order to olwiaie to as great an extent as poSSibie those t-iijeptipns and make the act more harmonious with proper business conditions i recommend that it be mended in the foilotving parti‘éulars: . First. Permit national banks to be or- gnued with a minimum capital of 325.010 h l 1 , , ‘ anyplace having a population of 2,000 l abitantstor less. I Second. Reduce the rate of taxation on I clmuiating notes secured by deposit or 1 bond; to one~halt a! one per cent. per an. 1 First. I recommend that proper legisla- tlon be enacted which will establish, sep- trnte and apart from the ordinary opera- tions or the treasury as they relate to rev- enue 111d expenditures, a department to be designated And known as the issue and re~ demption division. To this division the sum of $125,000,000 in gold should be set over from the eneral fund in the treasury, to be used on y for redemption ur sea, and all the silver dollars now be (1 or re- demption of silver certiflc es, and all the silver bullion and dollars co ned therefrom. bought under the act of l890. should be passed to the same account. Further, that the sum of $200,000 2-: ' legal tender notes I the United States nown as greenbncks collected as hereinafter described and deposited in the said issue and redemption division. to be disbursed therefrom only upon the receipt in éxchan e theretor of an equivalent amount of go d coin. Such 1d, when so secured, to be held in said fiision as part of the general redemption fund. 7 7 _ The recommendations I make must be construed as tentative steps in a direction which, if consistently pursued will u ti- mateiy lead to conditions theoretica iy desirable rather than u bein in them- selves final measures to that en The con- dition of the treasury in its reunion to de- murd obligations requites that we of mm steps be taken. The one may be A iar e reâ€" inforcement a! the permanent 391 reâ€" serve: the other may be by an important reduction in the objectionable form oi iia- biiities The hatter is, in my opinion the more desirabie. Commerce and industry. scnsiiige to all unfavorable events, and watchful with 1nxiety against dangers as yet unseen, need for their full reuovery from as: rev verses and depression a renowe confiâ€" dence “ml the government's finances are to be firmly placed on stronger and more enduring foundations than now exist. As long as the government shall opernte to any important extent in supplying the cur» rency of the country by the direct issues of notes and by maintaining. through its guarantees of parity. so large a volume of silver money, so long will All our trade ‘nd industries remain in a state of de- pendency upon the financial wisdom. tore- alght and courage of congress. This forced dependency on the one part begets correâ€" Iponding responsibility on. the other. Secretary Gaze calls auentlon to what he terms “the menace to the publlc credlc oc- casloned by the continued use of the large volume of demand liabilities, represented by the legal lcnder Holes." and says that the enormous depreciation ln {he commerâ€" cial value of sUVH‘ as compared \vlzh gold has greatly inc'rf‘nsml the financial respon- slbllllles or the governmem ln lts demand liabilities. and all the logical consequences of the fact shouldpq boldly raved. , V Thésé Viizfilji‘fi'ts Include estimates for river: and harbors, $48,728,160. and torzmca- (Ions and other works ofdel'ense. “3.378.571. the dumb of which already have been published‘ .. .. . \M w. nu.u.. miscellaneous; ”Sig? 402. permanent anâ€" nual appropr‘auons. SIX7.S3.22U Grand tojul. $462,647,385, Washington. Dec. 7. â€"- Secretary Gage transmitted to congress the esti- mates of appropriations required for the service of the fiscal year ending June 30. 1899. The total amount called lor by the estimates is $462.647.885. which is about $32,000.000 in excess of the appropriations for 1898. including deficiencies and miscellaneous. and about 541900.000 more than the esti- mates for 1898. The recapitsulation by titles is as follows. cenls omitted. Estlmntes (or 1899. Legislative establishment. 34,466,582: ex- ocutive establishment. 320.025.4614: Judicial establishment. $857320; foreign intercourse. 31.550.4252 military eslabiishment. ’824.620.- 04.3: naval establishment. 33,923,539: Indian affairs. $7,373,617: pensions. $141,257.750; pub- lic work ' 364 ' BX“?! service. 56.045.112: _:_,.n_ In an. Report Re Baum-te- the Co“ Plans Presented by Secretary of the Treasury Gage. FOR CURRENCY REFORM.‘ o! Bunnlnx the Government to! 1890 It M62.(M7,885~Bl¢ In- crease Over 1898. Recommendations. The Currency. The bank isan agency. the result also of a pure evolutionary movement, whose function it is to issue its various forms of credit instruments. of which pa er money is one, against the led ,s an promises to it of the less pub icly nown members of the industrial ornmunity, It thus be» comes an interme iar)‘ in much the larger part of all trade and industry. Whatever operates to render the bank a safe, ef- ficient and available agcnoy to the people Operatps to the general prosperity ~. A 'l‘wol’nld Problem. The problemis a. twofold one: How to withdraw the specific form of security now provided, since it Mll‘ulilmately disappear; how to provide a substitution which will he recognized by the peoPie ”as adequate sc- curity. and ”which wil at the same time allow to banks w thin wellâ€"guarded limits the most useful reedom in their note is- sues. The problem is too large. its results too tar-reaching.‘to be solved offhand or {,by expert dlotu . Its solwlon must be gradually reache by the path of safe ex- ‘periment. To allqw national banks to issue circulating notes equal to 25 per cent, of their capital upoh a payment of two per Cent. per annum as an insurance or safety fund upon amounits so issued is. if the dtm- onstratlon drawn from the cumptroiler's office can be trusted, a pro osition Weill within the ”finite; of safety. everthcless ‘ wh’utever riS there is should be assumed by the sovernme v. obnoxious as it may be to the general b inciplos of governmental action. it is byisueh action that the situ- ’ ation as it exist has been evolved, L'pon the governme_nt.. thcret‘ore, rests. the duty { of seeing it pr erly solved. Some ears of experience-11 mg the line suggeste will prov: what ls an adequate- tax for the so:- curity oi' notehc‘iders and will allo“ such amendments as ime will juutify, involving as one of its atures a COInplthr wim- drnwal or the g vernment‘s guaranty from bank note issue} - Paper money 1 . he product of an Indus- trial. commercial and financial evoliltion. its economlzing eel in the use of me- tallic money precludes the idea of its abnn~ donment until society shall relapse into andruhy. ,‘Credlt l; the- base upon whlch It rests. Paper money ls the evidence that a thing or value has passed Into the os- sesslon of the issuer. and that the ho der 0! that paper 15 willlng to awalt payment, When payment ls made the evidenc: of the transaction should be withdrawn, to ap. pear again only when a similar transac- tion occurs. 0n the other hand. the proposal to thus preserve and honor them will excite ob< Jections from another class. who will ul- iege that the note how in question should be retired and u teriy destroyed. They will aver that so arge a; sum, no matter how held, will proVe an irresistible tempta- tion to which congress Will yield when in some exigency exuraordmary and pressing needs for public ex enditure shall rest upon the treasury, and at the restrictions now propos . if adop ed, will then be disre- garded. in consl ering this objection it must besremember d that it it were granted full (orce and yiei ed to as a determinative objection there ls nothing whatever to preâ€" vent the lawmak‘mg‘power from lssuln at any time and in any amount the lega tender notes or the United States to cir- culate as money. Such is the final opinion or the supreme court, from which there is no appeal. Neither must it be forgotten by such objectorg that use and custom gradually acquire a restrictive power but little less bindin i an statutory enactment or constitutions rohibition. Further Argument Advanced. The important nature of the subject un- der discussion tempts to a fuller treatment. I must. however, be content with reterrin once 'more to that feature or this series 0 recommendations :which touches the ques- tion at note issues by national banks. 1 am moved to press the recommendation as submitted, in View of the following consid- erations: - ical tact ls that it han been through the ‘ greenback, the only‘ unalloyed credit note of the government. that the “endless chain" has been w ked. Once disbursed, these notes find the‘ way, by a purely nat- ural process, to the «mixing centers, where in case or an out rd movement of gold or because of anyiimernal movement of distrust they have been a ready agency to deplete the gold res rve in the public treas- ury. The proposi on to retire a‘ large portion of these nptes into an issue and redemption divisio ", there to be held until the public is willi g to offer for them in fair exchange an équal sum in gold lags proposition to dignity them with the horror of actual gold equivalency when they are passed out, as they have hitherto been honored with actual gold equivalency when pushed in upon tlje treasury for redemp- tion. The proposit n is therefore quite dit- rerent from a pro osition to retire and de- stroy them. I cluuon quite the contrary‘ol such an In- ference. Beiflng In mind the Iundamenml truth upon whlc thn ugument rests. v11, the necessity for a réduction in the volume ot demand llabllllley. now constlzutlng a menace to the publip treasury, It is ecoâ€" nomically speaking. :a matter of lnémer- ence whekher this reduction be made in the volume at silver. sm'er certificates. treas- ury notes. greenbacks. or In some agreed .upgnlpropprupns pfiench; bu‘ the histor- mg a nrst nen upon all assets in case at failure '0! the issuing bank. Seventh. All notes shall be redeemed in the city of New York at, the subtreasnry and at such other subtreasuriesas maybe designated by the comptroller or the cur- n-nvy, with the approval of the secretary of the treasury, The‘. control of such re- demption shall be u der the direction 0! the comptroller of th currency and made from a redemption fund of ten per cent. to be provided and maintained by the banks. ‘ Eighth. Réstrict the issue of national bank notes to the denbminntiun or ten doi- lars and upward “'ould Dignity the Greenback. In submitting the 'e recommendations I am not unmln ml 0 the convictions, pre- conceptions and prejudices so widel prevâ€" alent among the people in much t at re- lates to our currency‘and banking eiystem. It NULQE once apmkr to many that the proposal herein ma e to place in condition- ‘hl retirement the sum or $200.00),000 in our legal tender (greenbpck) issues is a dil- crimination against a. form or paper money which. under the influence ota worthy sen- timent. has become to them a symbol of the unity and power of I. nltion’s life. A little reflection. however, will lead to I con- clusion qgitg the _comrary;olrsuch an in- at-..” v. .. m..." mac... Se Sixth. To secure government again“ loss, it any, attaching to its guaranty a. tax of two per cent. per annum on unse- gured circulation shall be levied to create safety fund. which fund shall be Invested 5y the secretary of the treasury and the ~omdptroller of the currency in government Son 5. In addition m such tunqs the ov- anent shall be further protected by avâ€" lng a. first lien upon all assets in case at failure 'o_i tng issuing bank: nfiflfli ’ to deposit with the tregury of the United States greennseus, tre my notes or ‘leâ€" ver certificates to s tot I amount 018200,- 000.000 s alnqt which t are shall at once he issue to them by he comptroller of the currency national ank notes to an 1 equal amount. it being, further provided that from time to’ time. t his convenience, ‘the secretary of the taeasury shall sub- stitute forttherfreenbac s, treasury notes end silver cer flutes up deposited to seâ€" ‘cure circulation. bonds ior the same class ‘and character u the re unding bonds first named to the amount 1 8200.000, such bonds to he chergesbleto said ban s and by them scconnted for t such price (not less than nor) to the rket uatstions any indicate to be thelr'falr mar at value. During t e erlod of ti e intervening be- tween t e e osit of reenbacke. tress,- ur not s In silver c rtificstes and the su stltutton of the hon s by the secretary of the treaeur the cl ‘ula in; notes speâ€" cifically issue thereto shall be exempt from taxation. Upon shah substitution of bonds the funds released thereby shall at once he trsnsferred by the secretary of the treasury to the is: e and redemption division. g Fourth. After, said banks have deposited such bonds greenbscks. treasury notes or silver cert ficntes to the smount of 60 per cent. of air csflitsl the? shall be permit- ted to i ue ban note n addition to the 50 per nt. thus prov! ed to the extent or 25 per ent. of such deposit. which said 6 per nt. maybe unsecured by any diâ€" pect pledge of security, but issued azalnsx the assets of the bank. ' _ Fifth. Extend the guaranty of pa ment a? the government to all circulatin notes a the unit. whether issued again i de- posited sscurity or against assets. PATENTS nun. Send to:- boo} o? meltiindfllifi IRE “rial"? treatment Free. Du. II. II. Guru's 80.3, Luna‘s “Lulu-I l m. mum. KLONDYKI Eulcfinxus AND 2:11me (10., 6:62 limiter Bl‘k.5¢mue. Wash. DROPSYEJZEfihfifl KLUNDYKE @ EHARTSHORNS win. this machine ls fin!- clasrmmd guamn- teed to h ~ an!» s: cthm. Yo r deal- ’ Z or nu: get one pm on TRIAL for 2 mun”. IHI ’ s Davenport. Iowa. F4 \ ‘ : .-' ; ‘ x A ~\ l’, W L .. H. F. BRAMMER MFG. 00.; The only ingenuity some folks have is to refuse to do what everybody aloe does.â€" \Vashixgjon Dggocrat. A man is sometimes compelled to put up with those he dogs not loveâ€"pawnbrokers, for instance.~â€"~Ch1cago News. The wornf‘thin about Sundax is etting one’s belongings Jack intp one’s, c eta on Monday mommaâ€"“’ashxngton moctat. Fits ato ped free arvxd permanently cured. No fits a ter first day’s use of Dr. Kline's Great Nerve Restorer. Froe$2trial bottle treatise. Dr. Kline. 933 Arch st., Phila.. Pa. 'Every minister feéls the; he is handi- capped in his work in the wneyard by the outrageous] poor singing of his chainâ€"â€" Atchison G obe. ‘ Wiltonâ€"Do you agree wi David that all men are liars? Wimpâ€"How can I tell? 'Just think of the number‘of men that I never Ram-Boston Transcrxpt. . Moves the bowels each day. tin order to be healthy this is necessary. Act. gently on the liver and kidneys. Cures sickheadache. Price ‘25 and 500. “I don't l-knowVBTRkh-ewdxinyguliggfm must have been an ideal wife.”-â€"Clevelani Leader. A% Man’s Idea.â€"_“Do you belieée it is true 37‘3“. Gggrge W’ashjpgtqp _ne\:et: told a lie?“ Tourist tickets on sale daily)x and especially 19w rates _ou the fiysyapd t ird Tuesdays of this mohtflf Firfulllnfoimatlgl‘lugg}; {0 agents Chicago North-‘3 eaten) Rm way. ’lghe Hot Springu, Picturesquely situated in the heart of the Black Hills of South Dakota, are renowned for the marvelous cures of rheumatism. neural in and kindred diseases, which have been 2 ected by the use of its waters. First- glass_ hqul accommodations and baths. South and Ea“. ‘ On December 7 and 21 the Big Four Route and Chesapeake Ohio hallway will sell ‘ excursion txckets from all pomts northwest, ‘both one way and round trip, at gently re duced rates to poxnts in Virginia, ‘ rth and South Carolina and other southe states. Round trip tickets will be good t nty-one days returning. \Vx‘ite for partic lars and amphlet descriptiveof Virgmia fa m lands. Y}. L. Twin, Northwestern assengex Agent, 234 Clark SL, Chicago. hose on me.’ , “\V by, dear?" ”’Tnuse I do’t m ’tocki’ngs on wrong side out. "â€"â€"Chicago Tnybune. , “Mammn, I dess you [I have to’tum the Don’t bend. Wait 2; little. 5:; Jacobs Oil will cure your lame back On October 19, November 2 an 16, De- cember 7 and 2'1, the Cotton Belt ute will sell round trip tickets from Se. L0 is, Cairo and Memphi to all points in‘ rkansaa, Louisiana an? Texas, at one far for flu- round trip plus $2.00. This is an xcellent opportunity for homeJeekers toysecure a good lactation. For full particulars as to rates, gun, and for free copies of handsome- ly illustrated pamphlets about the Great Southwust, write to E. W". Lu Beaume, G l’.‘ T. A.. St. Lonh. \ln. Passenger (on a southern tmin)-~'W’hat do you mean by calling“hot pennuts?!’ These are cold. ' ‘ x Train-b0 â€"Wlel), they were started. Judge Even a baby was tired of a bum By St. Jacobs Oil. Read directions “Do you take this woma‘n for y ur law- fully wedded wife?” as ed the m1 ister, or wérds to that efiect. e ypung man, who had sloped by tandem 20-mlles over a dirt road With the object of his heart’s demre, looked at the pen iring, dusty, red-facpd, limp»hairedob'ect t at stood alnn ide hnn set his teeth rmly, clenched his lands and, answered, in the vome of a martyr: “I do.” ~1nd1annpolis Journal. Cheap Rate- to Aiknnlnl In with Local Applications, as, they cannot reach the seat ofithe disease. Catarrh is a blood or constitutional dmguse, and in order to cure it you must puke mtemul remedies. Hall’s Catarrh Cure 1s taken internally, and acts directlv on the blood aqd mucous sur- faces” Hall’s Catarth Cgre )8 not a quack medicme. It was prgscnbed by one of the best physicians mfim poqntry {on year}, and is a regular “presqnptlon. It is com. posed of the best tomes known, c mbined with the best blood purxfiers. actin direct’ )y on the mucous mrfaqes. The perfect combination of the two mgredxent is what reduces such wonderful resultsi curing 7atarrh. 99nd, for testimomais, fr e. (13.3.1. CHENEY _(_30., Prop_5_., quedo, 0. Sold bv all dru ists, price 750. Hall’s Family In are the best Lane's Family Medicine. .Cntan-h Cannot Be Cured MAKE your WIFE I humor 1n a m. rum 3.1mm. m aim}, 5J1; field [or l-vuun'fiuldo. frm. EDGAR TAT! HOLIDAY ,néxcunswns. A1!“ 0! m. W013i. f_or 51590. Write for panic lnlnntue Wilden. A Careful Gli‘dze. HI. Excuse. pfiV, quick mu?! arid curéa worn: SELF-ACTS)! i415 swam R0® lg hot Lwhen we gives Texas yleoks 869“ WKSJIUPIUM mm: MALWAY m: m llulu-n- A n 1% ‘é‘é‘fifi‘ 2% v a '\\\\\§"§§i @éma BUFF'ALO. I. . E v' "V... M 1 'Ilg an Se nd 50 can“. J. M. REX CO :‘v'IEI'IN ‘TKITL‘G TONADVBK'PI'KS ‘K‘ please state that you aw the Advert“ ment‘ln ml- navel-h KLUNDYKE van-n l Ivn.- “““' ab 9.. Authentic. How m go. when toga. [\d wha‘ 'u lake. mFQRMAnon, Thrall:- and.Whl-key Hume cure? It home mmom un‘. 12 my. I) articulnnsmxtrkl H M. OOLLEY‘MD‘. AM u Gt. DRUGGISTS