The Lawrence Standard from Lawrence, Kansas • 4

-4: toil, and sweat, and hard earnings of every and at no profit at all, or next to LAWRENCE: STANDARD. (Re-publiahed by rqnet. Debt and Currcbyl it a political catastrophe.tlie contemplation off which, for its magnitude and direful portent, must thrill with horror every man who lovesV? his country and his fellbw man. I'll is high time that the people were thinking high time that they were meetingjn thei iV railroad Iumm, -the development of the vast mineral wealth of gold silver and coal that underlies this great region. They inaugurated vast schemes of hnprovemer't all directions in consonance with their danng There was of course a plethora ef money at the East, but there was use for it' and these people obtained the use -of it, pledging their lands, their revenues, and these lmrxrovements themselves V.

for its re-pay Sign on the dollar, and the cheaper the lands and products of the country, the more they can buy with those hundred cents. That is all. It has been urged by those who apologize and justify this process of legislative enforcement of specie payment, that they are the true friends of the farmer and the laboring man. Let us see. A few years ago, when we had, as is alleged, an inflated condition of the currency, before this resumption crusade was begun, did the farmer ever fail to find a purchaser for every thing he had to sell his lands or any thing they produced, and at good prices Did the laborer fail to find employment at good wages whenever he wanted it Suppose he did have to pay the farmer ten dollars a barrel for flour he got four dollars for his days work had all the work he wanted, and if reasonably prudent always had money in his pocket.

Was not that better than to get his flour for five dollars a barrel and two dollars for his days work, with long weeks of idleness intervening between jbs and no money in bis pocket -That is precisely the difference between then and now precisely the difference between a sufficient and a contracted currency. We now have the latter, and hundreds of thousands of idle men are wandering upon the streets ef our great cities, vainly begging, from day today, for wora with which to keep themselves and families from starving and Ojjt of the poor house. That is what contraction means for the laboring poor man while for the farmer it means drudgery and pinching economy till the sheriff knocks down his farm upon the auction block at the bid of the creditor at two-thirds of its appraised value, and leaves him still in debt for a large part of the principal of the incumbrance for the country it means the slow but certain aggregation of its landed piop erty in fewer and fewer hands each yetr, till, like Great Britain, where 30,000 men own the lands occupied by forty millions of people, we, too, shall be a tenantry a people without homes without that which ever has been and ever will be. the treat safeomard of none, afcove the cost of production. I am aware that here and there, rare instances, men of capital, with means to cul tivate immense tracts of land, and to engage in some agricultural specialty, nave reapt large profits therefrom.

But am speaking of great class of farmers of average means, or no means at all, who are obliged to go in debt to make a decent beginning, and then to delve from dawn till dark, year after year, till their lives are well spent, and they find themselves prematurely old and broken, before they can command a comfortable living, or, too often, before they can even call their homes their own. Many of you mortgaged your, farms for money with which to make those improve? ments, so necessary to make them comfortable homes without' having to wait -half 'a life time of drudgery for the possession of those human comforts, the lack of which in times past, rendered so dull and cheerless the lives of so many farmers' sons and daughters. With those wonderful aids which modern science and inventive genius have so lit-erally supplemented the prosecution of agriculture; and which have secured to it a far greater progress in the last fifty years than a thousand years of slow plodding had done before, and placed it in reality at the head of the scientific industries, the farmer of the West had a right to expect, that with the aid of the little capital his credit and prospects upon this rich virgin soil would command, he could relieve himself of much of the back-breaking drudgery and years of toilsome waiting that had in the past been deemed inseparable from that vocation. He had a right to expect that the obligations he assumed should continue payable in the money he received he certainly had no reason to expect that the relative value Of his products or his lands would be changed and his means of payment destroyed by the dishonest manipulation of the 'finances-of the country in the interest of his creditor and against him, that followed. But immediately upon the placing of that credit and the anticipation of those prospects, a system of faithless financiering was commenced, which established a condition of things known in commercial parlance as a falling market.

For ten years, more especially for the last seven, as the reduction of the volume of the currency became from year to year more marked, all values have been steadily diminishing in value every thing you raised or had to sell has gone down lower and still lower each successive year. You would gladly sell a portion ef your lands to relieve yourselves of debt, but you cannot, because those who would buy know that it must go still lower, and they are not going to invest their money in property that they know will depreciate on their hands, or when they know they can buy it for less money in a few weeks or months than they can now. This is largely true also of your crops. The grain dealer knows that so long as the contraction of the currency continues, and to its continuance the candidates of the Republican party stand emphatically pledged, all prices, even of staple necessities like meat and breadstuff's, must continue to decline, because there is from week to week less and less money to buy them with. Therefore, when he comes to buy your crop, he is compelled to buy upon the closest possible figures, for there is a certainty that before he gets it to the seaboard market, a portion of the existing currency will have been stricken out of existence, and that, as a rule, and in the absence of any sudden and extraordinary cause for an increased demand, like a probability of foreign war, or unexpected short crops abroad, the price must be less than on the day he buys it.

And as it is in the country, so it is in town. There is little or no building few or none are embarking in commercial ventures of any sort. The reason here again is the same. There is a falling market. The prices of houses and town lots are gradually diminishing.

As a rule, no man is going to invest his money in the building of a house to-day when he knows he can build it for less money to-morrow. No man is going to invest his money in the manufacture of a line of goods that he knows will bring him less when he has it ready to be put upon the market than it would now. The merchant is not going to invest in goods beyond the immediate needs of the market, so long as he knows that every week reduces the volume of the currency and consequently the market value of those goods, and that a failure to sell, even for a few weeks, may make him a bankrupt. Consequently, business of all kinds is stagnant. There is comparatively no trade of any sort, except in the bare necessaries of life, and that on the closest nossiblr msroin yet witn an tms leartui declension ot -values and stagnation of trade, the property of the bondholder remains the same, with no change, except that its potency is enhanced, and its power more and more sharply illustrated from day to day by the daily increasing degradation of labor.

At the beginning of this era of contraction there was a general revival of prosperity from one end of the country to the other. More work was done and more wealth being created than at any former period in our history; Labor was never, before or since, so well paid and the condition of the laboring man never, before or since, so good. He had plenty of employment at good wages, and the employer had the money to pay for it, for there was plenty of money in circulation to do business with. But what is the condition now The record of commercial failures during the past five and a half years, increasing from year to year with au inexorable ratio and pitiless logic, is something fearful to contemplate, and shows conclusively that the end of the system of contraction we are pursuing can be nothing less than utter national bankruptcy and ruin to every class of industry and trade. This is the record 1872 4,069.

873---- 5.83- 5.830- 875 ,..7,740. 1886, first 6 months. .4,600, or so far, this year, at the rate of 10,000 in a year. How long can the country stand this wholesale destruction of its commerce and business industries 30,337 commercial failures in five years and a half, with their accompanying destruction of nine hundred millions of credit is a strain that no country can stand, et the coupon of the bond for which the holder paid to the Government money worth 40 to 60 cents on the dollar brings to him a hundred cents on the dollar in gold, the same as did ten years ago. and at the maturity of the bond, that also now brings him the same.

or double the value of the money for which he paid the Government while the farmer, the tradesman, the merchant and the manu facturer deems himself fortunate it he is able at the end of the yeir to foot up the year's business without a loss, and the day laborer, worst off of all, deems himself lucky if he has been able to keep himself and his little ones out ot that last of all resorts for poverty-stricken, unfortunate human" ty the county poor house. It may be satety stated that one-half of the farnir of this State are mortgaged for more than they would bring if forced to sale. With this contmued contraction of the cur rency and lowering of values, how are you going to pay those mortgages? It is more than many can do now to keep the interest and taxes promptly paid an. If von can scarcely do this now, by the hardest kind of work ana the, closest ki of saving, how are. you going to pay the principal Unless you get rebel through a change of our financial policy, and the stoppage of this iniquitous, systematic destruction of values, you cannot do it.

ou cannot, sen your land, or anv thing you produce, to advantage, as long as tne mantel is ou uic ueciic, ana tnat ue-cline will continue just as long as contrac tion continues. We are told that we must, contract the currency in order to bring about specie pay ment -that specie payment once reached.we shall begin at once to improve that then we shall have a fixed financial status, and that from- that moment a restoration of pros perity will Derm. 1 rat may au be so. out- how many of you can stand it till that time comes, eypn if it were possible for this system' td brine -it. and "what good will Specie payment da you after you' jMrft wif but, as uuuuicw vi in town and Country, already have been, by tis vktCOis crusade against the prosperity ot the country in the interest of the gold broker and the professional money lender And when specie payment comes, by this process, who is benefitted, except those who money and noney.

obligations of the country Js the fanner or the laborer benefitted Can yea raise any more corn to the acre, or. get a better price for it, or buy what yea have to buy for enough less to make up for what yon lose on what you sen, ox does the laborer get any mote for Ms day work, or fay taere day's works to do or his firies rheaprr to snake up for the lack eaployaaeBt It is starkly the owners 4 bond tectiskkt ef the eotattry, ta4 tier ncv that are to fee Uattsi, 1 atsttr -J man who buys a tariff taxed article of goods, from a yard of calico to a plow or a thrash ing machine. 1 Remember that these bends call for- pay ment in coin, without specifying whether that coin shall be gold or silver. Those two classes of 1 coin are legal tender in any amount, and receivable for all demands, public and private, 1 In 1873, however, when some of the nations of Europe had entered upon a process for the demonetization of silver, and the American silver mines had begun to produce largely, whereby the relative commercial value ot silver was likely tor reduced, these holders of our bonds, anticipating such a reductiou which has since occurred, secured the clandestine passage of a law, without previous discussion or any notice whatever to the country, whereby the further coinage of the standard silver dollar, which had been a unit and standard of value since 1792, was discontinued, and silver was made a legal tender only in sums of five dollacs and less. So that to-day, the entire debt of the country is payable in gold, and gold alone.

The Congress has thus declared that, though by the law we have three kinds of legal tender money silver, worth 79 cents on the dollar in gold paper, worth 89 cents on the dollar in gold, and gold itself it is only in the latter, the highest priced of all, that the holders of our public bonds shall be paid. By the peculiar construction of these laws, the man who labors in your fields at a dollar or a dollar and a half a day, may be forced to take the least valuable of the three, for it is a legal tender in sums of five dollars and less. When you go to market with your bundles of vegetables, or your basket of eggs, or crock of butter the scant accumulations of your farms, which very many farmers of this State have during the past few years been many times obliged to deny themselves in order to have to sell for the purchase of needed groceries, clothing and medicines. Congress has decreed that the merchant has the right to pay you in money that is worth but 79 cents on the dollar but when the holder of your bonds, for which he paid your Government in money worth but fifty cents on the dollar, hands in his coupon for payment, nothing but the gold will do him. The Government has decreed that it would be dishonest to ask him to take any thing but gold on his claim of thousands and hundreds of thousands, but that it is perfectly honest, and the correct thing, to pay the laborer for his days work in a kind of money worth less in the money markets than four-fifths as much.

That is good enough for him, and for you, for his days work and for your little five dollar bill of vegetables. But the bondholder is a respectable character. He handles money by the hundreds of thousands. No matter if you did volunteer to stop bullets at sixteen dollars a month, and took your pay in money worth 50 cents on the dollar. He came grandly and patrioti cally forward and threw his vast fortune of millions into the scale to save the nation, at a clean profit of a hundred cents on the dollar, and interest in gold twice a year.

Here again, and for his benefit, a new contract is made, and the old one repudiated. It was not deemed honest to pay him in that which for three-quarters of a century was the unit and standard of value, and which in his contract he agreed to take, because it had for the time become apparently depreciated. He must have the gold, worth 21 cents more on the dollar, but it was entirely honest to make you pay that extra 21 cents in taxation wrung from your scanty savings and hard day's works, and to take from you the equal right to demand the same gold money for your claims upon the same Government that cheerfully pays him in gold. But suppose there had been sudden and great developments of gold instead of silver, and that gold instead of silver, had depreciated in value. Does any body suppose that these gentlemen would have insisted on payment in gold Does any body suppose that they would not have insisted on payment in silver They would certainly have had the same right to do so that they now have to ask payment in gold, and it is safe to say that the arguments would have been quite as ingenious and voluminous to prove that it would be dishonest to force payment in any thing but silver.

But the crowning act of injustice, oppression and absurdity was that of January 14, 1875, decreeing that resumption of specie payment shall take place on the 1st of January, 1879. It is known as "an act to provide for the Resumption of Specie Payments," but it may be better described as a 'flOptiMaUon tlir -VJ ilea dtH-ct O-Tltl inescapable effect. Its effect has been to destroy eighty millions of the currency of the country during the past year and a half, and hundreds of millions in property values, ostensibly for the purpose of resuming specie payment, yet the currency is practically no nearer par now than i. was a year and a half ago. Eighty millions of dollars have been withdrawn from the life blood of our inter State commerce, and the ratio of commercial failures has been increased thirty-three per cent, above that of the corresponding period of previous years, and yet we are no nearer specie payment than we were then, but a good deal nearer Xational bankruptcy and ruin.

This act has operated in three ways to diminish the volume of the currency first, by the direct withdrawal of the Greenback as new National Banks are established second, by the redemption of the fractional currency in silver and third, by forcing the National Banks to retire their paper under the threat of forcing a resumption of specie ayment on the amount of their paper out standing at that time. As to the first, the monthly reports of the Treasury show that some fourteen millions of the Greenbacks have been retired to give place to seventeen millions of National Bank Notes. Here we have an apparent increase in bank currency compensate for the decrease of Greenbacks, twit it is only appa rent, for there has been sixteen dollars of National Bank paper retired and taken out of circulation where there has been one put in. The average retirement of the Na tional Bank paper has been about four mil lions a month, since the passage of the Resumption Law, which would make the total retirement about 73,000,000. Place against this the 17,000,000 issued to new banks, and we have a declension of 55,000,000 in that class of currency alone, besides the fourteen millions of Greenbacks, And this process is going on, for the nearer the day of redemption coines, the greater the stagnation in business, the less demand for money on securities that the holders will accept, the less the probability that the banks will be able to meet the demand for redemption, and the greater the certainty that they will be forced to retire.

Therefore, they act wisely in withdrawing their paper now while they can, for they well know that when that day conies around they will have no gold with which to redeem their notes, and having none, these notes go to protest and they must be forced out of existaucc Then there has been returned tor redemption $11,000,000 of the Fractional currency, for which silver has been substituted, and much of that was exported and sent put of the country before it had gone into circulation at all going directly from the Government depositaries to the docks and thence abroad, thus making $80,000,000 of the currency of the country that has been literally wiped out of existence in the little more than a year and a half that this law has been in operation. The folly of this fractional currency redemption lies in the fact that to buy that silver we have already saddled $1 1,000,000 more of bonded debt upon the country, and this law proposes te increase it to 000, upon which we must pay a yearly interest in gold, of simply to get rid of a currency that costs nothing to carry, and worthy at the present time, in its purchasing power, in the money centres of the world, 10 cents more on the dollar in gold. All this has been done simply and solely at the dictation of the capitalists and incorporated moneyed institutions of. Europe and America, who hold our obligations. It is they who have invaded the halls of legislation and throaeh the nassace of the laws af fecting our debt and currency, have literally taken the debtor by the throat and demanded that he shall pay two dollars for one that he borrowed.

Is it any wonder that we hear talk about repOdiation Is it not wonder-mi that we hear so little of it i With this predetermined, persistent, systematic process of declension going on with prices lower this year than they were last yearand a ce-tainty that they will be lower next year than they are this year' with business failures increasing day by day all over the country and our com mercial fabric last toppling to ruin with the lands aad red ytppesty of city and cowatry atasiy tsmt' gyear by year, -f fr-siwetevl to fewer and Itltl imate, direct aadiirv-ircr cf fJestnKtio of ourcurrwiTv srii tvv lral froea pto-actrwwl aiL of mSlkma of tXxjCtCtr rrejnatmrepey- rrr ef cbbJ the lrrettr; UsZ2k aadtSweai luejr permit us lopuv their Paper. That is offer for appearing in pi. We do not publish a list of Prices, As we do not wish to appear Foolish, nor make propositiOBS that we cannot MEET ON THE SQUARE We keep uo low prieed Goods for Leaders bxt mean to have Every Tub stand on its own Bottom TO SELL EVERY ARTICLE: AT ITS MARKET VALUE, Not sell Flour at Cost, or Delow. and Tea the Dutchman's "oneer cent." Please give us a call andns. We keep a FULL, IJ1JE DF Family Groceries Proper atte.llon to Business, square deaN ing, and Sixteen Ounces to the Pound Ought to insure us a decent living we ask no njore.

GEO. FORD. LAWRENCE FOUNDRY ESTABLISHED IX 1858. KIMBALL BROS. MAXFFACTCEEK3 OF STEAM ENGINES, ROLLER ACBICILTIBAL JT1ACIIIXEU Mill Work, and Castings of all Kinds.

LAWRENCE, KANSAS. Oct. tf. MERCHANT TAILORING. S.

G. McCONNELL, 1st Door South of Bullene Up Stairs. A full line of samples of cloths in new and elegant designs, oh hand. Garments made in first class style, at prices to suit the times. Satisfaction Guaranteed.

ni2dry Parties wanting reliable INSURANCE Will not fall to call on T. D. GRIFFITH, 1W Massachusetts Street, who represents such old and tried companies as the PWuix of BrooLdy Cash $2,183,956.12 Connecticut cf Hartford, Cash Assets 8774.5 St- Paul Fire and Marine, Cash Assets. SI I ikamb's, Cash Assets 738.118.50 soethees ixs. Assets.

344,163.12 equitable. Cash Assets 299,142.81 :5,259,570.55 PHlEXIX MUTiAL I.IFK-, ASSetS-f 3-S4 Nov. 2-ly Geo. J. Barker, U.

S. Commissioner. S. M. AUn.

Notary Public. BARKER ALLEN. Attorneys and Counselors AT LAW. OFFICE IX THE NATIONAL BANK BUILDING, Lawrence, Kansas. Particular attention given to Bankrupt Proceedings and the CoUections of difficult iaims.

12-1 ADVERTISING IN RELIGIOUS AND AGRICULTURAL WEEKLIES. HALF-PRICE SEND FOR OUR CATALOGUE ON THE LIST PLAX For Information, address Geo. P. Rowell 41 Park Row New York. A Card.

Te all who are suffering from errors and in-descretions of youth, nervous decay, loss of manhood, I will send a recipe that will cure you, FREE OF CHARGE. This great remedy was discovered by a mis sionary In South America. Send a self-addressed envelope to the Riv. Joseph T. Ik- mas Station Bible House, New iorkClty 3-l-deod6m.

ESTABLISHED IN 1858. Simpson's Bank, Lawrence, Kansas, comer Ma sachusetu and Henry streets. THE ENEMY OF DISEASE! The Foe of Pain TO MAN AND; BEAST Is tbe Grand Old MUSTANG LINIMENT, which has stood the test of 40 years. There is no sore it will not heal, no lameness it will not cure, no ache, no pain, that afflicts the human body, or the body of a horse or other domestic animal, that does not yield to" its magic touch. A bottle costing 25c, or $1.00, has often saved the life of a hviniariijjngajad restored to life anP valuable horse.

r-- Saturday, Oct. 8, 1876. SMI Caraaltr. Mr. Wood Neff, son-in-law of Mr.

John Speer, editor of the Tribune, was killed in a railroad accident In Texas on Tuesday last. Mr. Neff was well known here had been married about a year and was highly respected by all who knew him. This is a severe affliction to Mr. Speer and his estimable family, and added to those that have preceded it, will elicit for them the universal and sincere spmpathy of the community.

The funeral of Mr. Neff took place yettterday from the residence of Mr, Speer, The Excelsior Lodge, I. O. of which he was a member, charge of the 1 funeral exercises, and he was buried with the honors of the order. 1 It has been ascertained that Mr.

Neff was killed by being thrown from the top of a caboose, when the caboose and two other cars ran off the track. hen the cars went over, a mad at a saw mill saw him thrown whirling in the air. but whether he jumped or was thrown from the train he could not tell, and the embankment prevented seeing him when he struck the ground but as the bones in his body were crushed, it hi be lieved that one wheel of the truck of the caboose passed over his body Lets Ross. Journal 27. Mr.

George Leis, the veteran reuce druggist and Miss Lillian Rot eldest daughter of Hon. E. U. Boss were married yesterday afternoon ai the residence of the bride's father in West Lawrence, Rev. Mr.

Spring, of Plymouth church, officiating. The ceremony took place shortly after noon, and Mr. and Mrs. Leis left on the afternoon train for a short trip in the East. Lawreuce at large will take pleasure in this announcement, because Lawrence at large knows both parties and knows them to be mutually worthy the good fortune which, by their move of yesterday, they have brought upon themselves.

In return, ing to Lawrence they will be warmly welcomed, and as man and wife they will receive a continuation of the same respect and esteem bestowed upon them while simply Lillian Rose and George Leis. The Journal desires to be foremost in its cougratula tions. There have been betweeu thirty and forty threshiug machines sold here thus far this fall, and the trade is still active. This speaks well for the grain crop of this vicinity. Theodore Poehler is paying out $2,000 a week for corn delivered at his elevator in this city.

Four gentlemen arrived in town Thursday, from Pennsylvania. They attendeil the Centennial, saw the Kansas exhibit, and came to Law rence to see if these things are so. They are pleased with the country and the town and will probably make investments before they leave. Ur-de George Ford haw on, exhibition at his sloi some very life-like vegetable riggers," Artemas Ward would say, of Grant's Cabiuet. They are worth a visit.

The ladies of the Pilgrim Church will hold a festival in that church on next Wednesday evening. All are invited. Walter-Hrume. The marriage of Mrs. M.

Brune, of Lawrence, to Rev. Walter, pastor of the German M. E. Church at Omaha, Nebraska, took place on Wednesday evening at the German Methodist church of this city, Rev. J.

A. Miller officiating. Mrs. Walter has been a resident of Lawrence for many years, and very highly esteemed by all who knew her. Mr.

Walter is at present a successful minister located and at work in Oraulm. Mr. Solon Rogers, of Johnson county, shipped a fine bred Berkshire pig to Indiana, from here, on Monday last. It was the finest specimen of a six weeks-old porker that we have seen in many a day. The use of Leis' Condition Powders is every day on the increase; they are known to be far superior to all others now in use for the diseases for which they are recommended.

We can recomujend them to all stook dealers. Lots of money waiting to pay for old clothes, at Hope's. Stockholder' JTIeetins; please take notice. The annual meeting of the stockholders of the Lawrence Gag, Coke and Coal Com pany for the election of directors, will be held at the office of the company, on Henry street, No. 7, November 6, 1876, at 6 o'clock p.

m. B. P. Lambertson, oct5 w-4t Secretary. Notice.

I will sell a Wheeler A Wilson Sewing Machine for $20. down, and give lima on the balance until Samuel J. Tilden Is sleeted President of the United States. One Wilson, one Grover Baker, one Florence 'or 815. each down, and time on the balance mtil Hayes Is elected President of the Tint ed Btates.

Now Is the time, come right ilong and buy a machine. My office last 43 Massachusetts street, Lawrence, Kansas, I f. A. T. Hxynolm pastorln In certain to operate.

Itdc jot nauseate or grpe Ufce pastor oli, bulla pleasant to take, digests the food, regulates he bowels, cures wind colic, expels worms tn'd' canras natural sleep. It la eqnally idapted to adult9 and infants. It contains lelther mineral, morphine nor alcohol Children teething may have health, an others find rett, If i hey use Castoria The Terr Latest from BsbnlMB Md fancein Counties, Xeawe. W. O.

Nolan bas received a large and carefully selected sttfckT of Robertson and Lincoln county, Tennessee, whiskies, which are acknowledged by all physicians to be the best for medical purposes now In the market, Orders by the bnltje or gallon promptly aiienqeu to. W-rient by express to physicians QT oth ers, order. Wi. o. Nox, 41 Vei mont street, Lawrence, Kas.

tf The Centaur LlalaaeBte have created a revolution In remedies for rheumatism strains, swellings, pains, boras, seal da, alina. etc The white liniment la tor the human family, and the yellow Hniw la for Bones, xney are esrtaia, nimAj cnep. 1 uisinci scoooi nouses as they are j. 1 .1. f.nl 1 1 iuc uuw, mvi3 auu iu conipreuerKt 1 the situation and seek to devise a wav to avert the threatened calamity.

There is logic and reason in their demand for a change. They feel that a change can make things no worse and may make them better but a change they will have i-4f-therfe shaft prove-to Tiave "been no danger, it win be simply because the people are aroused, and being aroused, will take their own business into their own hands. When they do that they are safe, and not till then. Centaur Liniments. Letter from a Postmaster.

Astioch, Dee. 1, 1874. "Messrs. J. B.

Rose "My wife, has for a loim time, been a ter rible sufferer from Klieuniatism. She has tried many physicians and many remedies. The only thing which lias given her relief lsuentaur Xjiniraent. 1 am rejoiced to say this has cured her. Iam doing what I can to extend its sale.

W. H. RINU. This is a sample or many thousand testimonials received, of wonderful cures effect ed by the Centaur Liniment. 1'he ingredients of this article are published around each bottle, It contains Witch Hazel, Mentha.

Arnica. Kock Oil, Carbolic, and Ingredients bith erto little known. Vt is an Indisputable fact ine uentaur imm inent Is performing cures of swellings, Stiff Joints, Eruptl Rheumatism, Neu-ragia, Sciatica, Cak Breasts, Lock-jaw, Ac, than all other I.inimenls, Embroca tions. Extracts, Salves, Ointments, and Plasters now in U3e. For Toothache, Earache, weak Back, Itch and Cutaneous Eruptions, It is admirable It enres burns- and scalds without a scar.

Extracts poison from biles and stings, and heals frost-bites and chiliblaius, in a short time. No family can afford to be without the Cenlaur Liniment, white wrapper. TheCentaur Liniment, Yellow wrapper, Is adapted to the tough skin, muscles and flesh of the animal creation. Its enects up on severe cases of Spavin, Sweeny, Wind (jail. Big Head, and foil-evil, are mue less than marvellous.

Messrs. J. McClure Druggist, cor. Elm and Front Cincinnati, says "In our neighborhood a number ot teamsters are using the Centaur Liniment. They Eronounce it snperion to anything they aveeverused.

We sell as high as our to five dozen bottles per month to those team sters. We have thousands ef similar testimoni als. For Wounds, Galls, Scratches, Ring Bone, Ac, and for Screw Worm in Sheep it has no rival. Farmers, Livery-men. and Stock-raisers, have in this Liniment a remedy worth a hundred times its cost.

Laboratory of J. B. Rose Hi Dky New York. Pitcher's CJastoria. Mothers may have rest and their babies may have health, if they will use Castoria for wind worms, feverishness, sore mouth, cronp or stomach complaints.

It is entirely a vegetable preparation, and contains neither mineral, morphine nor alcohol. It is as pleasant to take as honey, and neiiner gags nor gripes. Dr. E. Dimoch.of Duoont.

savs: "I am using Castoria In my practice with Vie most signal benefits and happy result." This is what everyone says. Most nurses New York city use the Castoria. It is prepared by Messrs. J. B.

Rosa 4ti Dey street, iew lora. successors to Samuel ntener, m. Achievement of the Cireat I.ijrlit"iC Expresw. From ocean to ocean in 8J hours! What It teaches. Our Centennial year.

The accomplishment of the extraordinary run from New York to San Francisco in eighty hours, and almost one-third of the entire distance over the Ft. Wavne Pennsyi vania Railway, was a most fittine fulfill ment of the promises made by the manage ment 01 mis great line, mat in the one Hundredth year of our existence as a nation, a railway, for the completeness of Its structure, the perfection of its equipment, the most exact expedients ior speeu, an modern improvements for comfort and ingenious combinations for safety, on the face of the globe, should be the Great Fort Wayne fc Pennsylvania Road. How well, truly and wonderfully faithful bas that promise been kept, may be iudzed by the orowning triumph of the great race against time of the arret Palmer Special San Francisco train, which ran from New York to Chicago in less than 21 hours a distance 01 V12 miies. miles between New York and Pittsburg, was run by one locomotive, and without a single stop a feat entirely without precedent in the annals of railway history, and teaches us that nothing is lmpossioie on the ereat Fort Wayne A Pennsylvania Railroad, and that it nas outstripped tne progressive railway rivals, not only in America, but the. Old World.

Foreign newsper correspondents. visiting our Centennial, overlook the great Exposition and Its world of wonders, and fill f-eir first homeward-bound letters with the advanced ideas of the Pennsylvania fort Wayne Railway system, and invariably and unhesitatingly pronounce it the model railway of the world, and America's fitting representative of rational engineering, shrewd official observations, and the early adoption of all ideas advancing the interests and comforts of its patrons. Pullman's New Palace Sleeping, Drawing Room and Hotel Cars, are run upon ail trains, aad the line being many miles the shortest from Chicago to New York, Philadelphia, Baltimore and Washington, the advantage of low fares are in its favor. It must be borne in mind that the Ft. Wayne A Pennsylvania trains run direct to all the above cities, and into the Centennial grounds.

Low fare tickets may be purchased at the General Office, (-5 Clark street, Chicago, or at the Dapot, and information, by mail, furnished. BANKRUPT SALE: of Hilton gold jewelry. OBIAT FAILURE OF THE Milt oil Gold Jewelry in England. Their Entire Stock Realize Consigned to Monev. us to Everybody bas heard of MILTON GOLD jewklhi, it Having been sold in this market for the last ten years, and worn by tf best and richest clans of our ooDUlation.

Still, It takes an expert jeweler to discover MILTON gold from VI RUIN gold. will send for the ninety days ONLf tbe following articles by maiLpost paid, on receipt Of OU cenva: una ELtsuAni' 8L.EEVK-BUTTONH. with Indenend- encetBall engraved, retail price SI 00 ONE SET BritUlj BM1U1 HfUDS, re price i) ir 75 QMS UMiAUBCAfiF PIN isfll nan SLEQ' TTs' Watch 7 CHAlNTIt rtTiTrfrrTfflT JR very Heavy. rtH fa tf 1VII -1T-1flTH1tTTmfc OV I Remember, we will aend yoo. the abore natvea aix araetea, wnicn we nave retailed for 1440, by an all, mot paid, wok wrwrrj chw, or 4 Munr4 lota for SL50.

and 1 titnpie km nr i.jl Mumwm rwuitM or-noney re- VII 1LU tr. T-LL cry. Mfaww argaiea aad jewelry. Sjtctev- aML.rll4blawX. The Contraction cf the Currency a Part of the Schema of Polit leal geeck of Hem.

E- O. Bom Befer OnraVsok 64. of Dm-txlas Commty, Delivered at tm Brooke Seaod Homa Ama U. we. We have had in thi country.occurring with in fiftv fears, fear great financial revulsions in 185, l857 l873 ech of thm causing wide-spread disaster to all the com mercial and industrial interests of the country.

soeciaUv the last, in by its enormous destruction of values, its Tone con tinuance without perceptible mitigation, but rather increasing severity, now lor tne space of three years, and the rigor of the depression in all commercial and industrial pur. suits, erowine out of it. has proved one of unexampled calamity and hardship. The fact that gatherings like this are being had in ail parts of the country in every State, every county, aad every school district, to discuss the causes of this calamitous condition of things that the whole people, for perhaps the first time inour history, are earnestly discussing, every man with his neighbor, this state of things, and seeking an avenue of escape from their troubles, is proof that the country is aroused at last to a determination to ascertain the causes that have produced them, and when so ascertained, to apply the necessary correction. The people have fer once turned students, and notwithstanding the sophisms with which the self-constituted doctors of finance have sought to complicate and confound the popular understanding oa that subject, they have made up their minds that they will hereafter know something of the disposition of the enormous amounts they are yearly paying in the shape of taxation, and something about the management of the vast volume of debt that has been contracted in their name, and which they will have to pay.

It is not toe much to say that we are at the beginning of a conflict over this debt and currency question, the solution of which very largely involves not only the commercial well being of this people, but the very existence of our form of government as a Democratic Republic. I am aware that this will be regarded by some as an extravagant assertion, out tne history of the world, in all lands and in all ages, emphasizes this fact that the more equal and general the distribution ef the wealth of a country, the more equal and general the distribution of political power among the people and also the reverse of the proposition, that the greater the concen tration oi tne wcauu ei a country mu iuc hands of classes and individuals, the greater the concentration of political power in the hands of those classes and individuals, and the nearer the approach to aristocratic forms and special political privileges. ii is Dut to repeat msiury 10 say iuai iu every instance those great monetary crises have been caused by financial mismanagement, or rather, by the manipulation of the monetary system of the country in the interest of incorporated capital, and by that systematic inequality in legislation and taxa tion born of the irrepressible conflict between capital and labor, through in all nations, capital has always sought, and too often obtained, the mastery not only over labor, but over commerce and politics as well. All nations have, at some time or other, been called to pass through this ordeal, and it seems that ours is destined not to be an exception. That manipulation of onr monetary system is but one of a combination of conspiracies for the centralization of the powers of government into what has been denominated by the platform of the dominant party as a Nation, in contradistinction te the attributes of a Republic as framed and established by its framers.

The most threatening indication of the time not only to the interests of the agriculturists and the laboring men in general, but to American liberty also, is the tendency to absolutism in incorporated capital when coupled with politics. The next most alarming, to the thoughtful man, is the indifference' of so many people to the aggressive strides which that is making towards supremacy in our political affairs. It is never a pleasant or a profitable thing to play the role of the alarmist, but there are things which must not go unsaid. There is danger. Danger to the farmer--danger to the merchant danger to the artizan, and to the workingman of every grade.

They all know there is danger, yet scarcely two will agree as to what it is, whence it comes, or what shall be the remedy. The management of our public finances has been largely in the hands of capitalized corporations, and exerted through the instrumentality of men placed in position by their agency. As a necessary and natural that management has been to the aggrandizement of capital and the con sequent degradation of labor. 7 he present financial condition of our country is a most omplete and terrible illustration ot its effects. At the close of the war of the Rebellion we found ourselves laboring under a degree of physical exhaustion which nothing short of the prosecution of the most gigantic war of modern times could have produced, and burdened by a vast public debt, of proportions never before contracted by a political government, and equaling a quarter part of he entire property valuation ol the country.

That debt was largely in the shape of bonds and negotiable notes, nearly two thousand millions of it being represented in the latter form, and current as money. These bonds had been sold to the holders, the extremity of the government for money with which to carry on the war, at a rate of depreciation far below the recognized standard ot values the great balk ot it at a depreciation of forty to sixty cents on the dollar. For them the government was com- tielled to take its own currency at this enor- mons depreciation an average ol one-halt its par yaiue. yye au rememoer now, wun the progress of the war and the repeated is sues oi me uovcrnmcnt lioics as money, the values of all articles of commerce and production increased, till they were double, and at one time nearly thrible what they had been, corporations and capitalists who had money tq loan the Government refused to buy these bonds until they could do so in jts own depreciated currency insisting upon successive issues qt it till its vast volume was sufficient to force its current value down to a point at which a hundred to a hundred and fifty per cent, profit should be assured to them In the payment of the pnn cipal, besides the regular semi-annually pay able interest of six to eight per cent, a year. It was in this manner that the valume ot the floating debt of the country in the shape of Greenbacks and Treasury Notes, was forced up, till on the 30th of Tune, 1866, it had reached the enormous sum of 093,444.

he currency of the country was at the same time still further increased by the addition of $292,674,753 in the shape of nana XNotes, making an aggregate circulating medium, on the 30th day of June, 1866, of $1,865,768, 107. These are the official statements of the Secretary of the I reasury ot that date. Upon the close of that great strurole. when a million of men were but just released from the ranks of our armies, and were re turning to the arts, the professions, the trades, and the industries of the country, and when eleven tne qtates of the Union, Men had suffered the complete and absq lute destruction of all their industries and were in immediate need of the financial means of recuperation, there existed certainly tne same aemana tor mis vast volume-of money that there had been' during the war, ine country naa Deen set back many years in that steady progress of development that had characterized its history from the first till the opening ef the war. It was impenttlye that- that great; gHhy, IhrdVn suddenly 'back tipdn -society as was, must naa employment somewhere, in some way, The places they had vacated had been either filled or closed up, and on returning to their homes they literally found their occupation gone, or they found the slow plodding habits on th measure forced and a lmni.

nr bjouaht the West tt advent urOto, enterprising habits, which had become almost their second nature in the yean of strife, and great fields of enterprise and courage they bad jmst quitted- With these diVcrist4cs they entered npo that new life of wonderful enterprise and development which has nude what we sec of these peat States of the MataiBS asm plains. They eomincnceit the construct iod of great ana employment with them to ment, in the full confidence that the era of regeneration they had inaugurated would be permitted to continue to a not unreasonable T'r: -u however, when the money loan-ers and bondholders of the East had loaned out all their surplus capital and bought all the bonds in the market, they became im pressed with the delusion that the credit of the country was at stake tnat mere was too much money in circulation, and that public prosperity required a reduction of the volume of the floating currency debt, in" order that the Government might resume specie payments. This was the plea, but the real purpose, it is manifest- now, was the. appreciation of the value of their bonds, which cou' be accomplished most certainly and speedily by the destruction of the currency, and the consequent lowering of the prices of landed securities and the increase of the. value of bonds and money.

From that time till this, in pursuance of that conspiracy, not only to aggrandize the power of money and degrade correspondingly the interests of labor, but also to concentrate in the hands of a few men the political power which the possession or vast iortunes gives wneii iu alliance witn --pontics, tnat system of contraction has-, been going on, until to-day. instead of $1,865,000,000 of currency for forty millions of people, or forty-five dollars a head, we have $711,000,000, all for fifty millions of people, or fif teen dollars a head. The following tables show the exact amounts of this circulating medium at the respectivs dates mentioned. That for June 30, i860, was as lliows Treasury notes (6 and tz per cent) 600.000 am do (o percent; 3.000,000 7 .30 3 year notes 139,301,700 Demand notes (no interest) U. S.

notes (no interest) 400,619,206 Treasury notes 5 per cent) 3 ,454,230 Gold certificate! (demand) 10,713,180 Certificates of indebtedness (6 per cent) 26,391,000 Postal currency no interest) 7,030.700 Fractional currency do 30,040,176 Treasury notes (6 per cent, compound) do do 13 issues, 7.30 pr cent) 006.351,550 National bank 292.671,753 Total, June 30, 1866, $1,865,768,197 The report for Tune XT, 1876, shows the outstanding government notes to be; Old demand notes 66.917 New leeal tenders Legal tenders of 1868 226,398,115 62,591,604 52 922,587 OI.455 19,100 24.850 331,260 4,294.857 3.057.244 16,607813 do do 1074 do do 1875 One year notes of 1863 Two year notes of 1863 1 wo year coupons 1005 Compound interest notes Fractional currency, first do do second issue do do third issue do do fourth issue do do fifth issue National bank (about) Total, June 30, Total, June 30, 1876 711,979,076 1866 1,865,768.197 Making a reduction in xo years of Nearly every county in the State is in debt to amounts varying from a hundred thous and to a million. Every railroad in the State is in debt in sums numbered by millions. Every school district in the State is more or less in debt, as is every city, and nearly every township besides. AU these debts, with scarcely a single exception, were incurred for improvements, in the development of the natural resources of the State incurred for the purpose of making Kansas a comfortable and pleasant country to live and do business in. and without which it would have been neither.

They were contracted during a period of inflation, for the most part, when the currency, as compared with gold, was at a discount of from 40 to 60 per cent. Every bank note so borrowed, was loaned on the then existing basis of values of real estate and other property comprising the assetts of the borrowers. If this condition of things had been let alone, and the finances of the country allowed to settle themselves by the legitimate course of trade and business, all would have been well. The continuing prosperity of that time would not have been disturbed. Taxes and interest could have been paid promptly, and the principal of these debts been certain of liquidation at maturity.

But not so, for hardly was the inkdry with which these millions upon miriioHSot obligations were written, when those holding them commenced a crusade for the contraction of the currency and the forced resumption of specie payments until, with a business aggregating five thousand millions more than it was ten years ago, the crrency of the country, to do that business with, is eleven hundred millions less. As a natural and inevitable consequence, there has been a corresponding shrinkage in the values of every species of property except money. These bonds still represent so many dollars in money, without reference to the value of the money as compared to other values. The result is, that the debtors the railroads, the counties, the cities, the townships, and the school districts of the State, (and what is true ot Kansas is true ot nearly every Western State,) find themselves with but half the property in value, to pay with, that they had when the debt was contracted in other words, that the contraction of the currtney has doubled the actual value of their debts by diminishing by one-half the mirket value of their assets. Every dollar that they now pay on those debts, in interest, taxes, or otherwise, represents two dollars worth of the property that has to be sold to pay it with.

Thisondition ol things remember, has been brought about solely by the creditor, or bondholding class, against the protest of the other party to the contract, and in the in terest ot capital as against tne laDor ana producing element. 1 illustrate the present status, ana the effect of that contraction, and also its injustice when this debt was created, corn was worth an average of sixty-five cents a bushel through the year, and other products in proportion. A hundred dollar bond repre sented one hundred and fifty bushels of corn, because the farmer could sell the corn for that, and buy the bond with the money. It was upon this basis that the debt was contracted. There was no intimation at that time that there was any likelihood of its being changed, or that there was any disposition, on the part of anybody, to change it, or to seriously interfere with it.

Directly, however, when the Yest had contracted all the indebtedness ot this character Chat was deemed prudent, and gotten under way all the improvements that were deemed essential or really needful, these who held her obliga tions commenced the manufacture of public sentiment in favor of contraction and a return to specie payment. Talk about the irredeemable and deceptive character of the Governmental currency which these people had loaned to the West, and which was but a little while before deemed treasonable and punished accordingly, became common. A system of contraction was inaugurated, and the result to-day is a scaling down by one- half or more in the values of all species of property, except these bonds. They still call for a hundred cents on the dollar, and in gold, with six and eight per interest, the same as when corn brought sutty-hve cents a bushel, though it is now worth an average of less than thirty, and it takes four hundred bushels of it to buy a hundred dollar a hundred and fifty then, for while corn has gone down bonds have gone- up from 70 and 80 cents on the dollar to 115. That is the difference between corn and bonds -letween capital 'aid- labor.

You can produce fib niqfe com to the acre now than yqu cputa tnen. 41 costs you quite as muph to raise a bushel of corn now as it did then. 7. Yet by that immutable law of finance that forces prices up or down as the volume of the currency to buy it with is increased or diminished, you get now. with seven hun dred million dollars of currency, an average of less than thirty cents a bushel for corn where you cot sixty-five when ''there was eighteen hundred millions of currency, and trith a by vto means corresponding lessening toe cost 01 proauciiun, wnue tnese bonds command 115 cents on the dollar of the same kind of money in the market.

1 oe pusuics5 01 1 ui country is agriculture. a uu uiuuucc mico ami uur nriie. it 1 cm yott raise sell, and not on what you that you make your living and vour prpftt. TTiejelbre, ft yo gyt Ur price for what you sell, you can well afford to pay a corresponama price iot wnat you duv. That large price aad consequent good profits yon get wider a sufficient currency.

'With the present currency, it is true yam est the few crocfries of forein production, and the still fewer other good that you do not produce nd art U'sed to buy, at lew prices. Cot te eet that you wtc so aciif ax. haw prices, Republican institutions ownership in the which we live. LAxae about you, and see lor yourselves how many of your neighbors, in town and countryfor it is as bad in the cities as in the country have been during the past half dozen years dispossessed of their homes, and those homes swept into the hands of the Eastern creditor for sums far less than they were mortgaged for and their former owners still in debt for the deficiency. Compute for yourselves the years it would take, at this rate, for the vast majority of our people known as the debtor class, to become dispossessed of their lands, and for the great bulk of our landed property to pass into the hands of the nonresident creditor.

Remember that the great conservative ele ment in politics the vital element of safety to Republican institutions, is the ownership of real property the possession in fee of the ground upon which the people live. Under a popular form of government there can be no more certain guarantee of stability to society no more absolute security to the rights of property no stronger guarantee of the permanency of political ownership in the soil. When that is taken away the great bond ot public order and political permanency is gone, and that bond, as any discerning man may see, is already perceptibly weakening from year to year, through the inescapable influence and logic of our vicious financial policy. bo that it is no visionary phantasm of an aiarmbt to say that there is danger that we are at the beginning of a controversy in which the existence, even, of our form of government as a Democratic Republic is involved. And what is the compensation we get for this wholesale destruction of prices, of employments, and of prosperity Are we getting any nearer to specie payment Greenbacks to-day are quoted at 8q li cents on the dollar in gold.

In January, 1875, the date of the passage of this Resumption law, since which time 25,000,000 of Greenbacks and fractional notes have been destroyed. ostensibly to bring the currency to par and specie payment, the Greenback stood at 87 we have some twelve millions less of gold in the Treasury than we had at that time. So that, after the destruction of 000,000 of greenbacks and fractional currency, the depletion of the Treasury by 12,000,000, the loss by shrinkage in values of a thousand millions, and wasting a year and a half, we are nearer to specie payments by just two cents on the dollar. It would seem needless to call your atten tion, further to th spirit of rapacity and financial centralism manifested by those into whose hands the monetary system of the country has fallen, or to those acts of legis lation en this general subject of debt and currency that illustrate if possible in more hateful colors the danger to the country from the active alliance of capital with politics. To recapitulate, in part There was issued during the war fifteen hundred millions of bonds known as the 5.20's.

These bonds run at 6 per cent, interest for 20 years, and the Government had the right to pay them in hve years it it chose to. Hence they were called 5.20's. Some of these bonds were made by the terms of their issue papable in lawful monev, or Greenbacks, but in the case of the larger part of them, no specification as to what kind of money they were payable in, was made. Many of the leaders of the Republican party, as Thad. Stevens, John Sherman.

O. f. Morton, H. and others, con tended that they were payable in the lawful money of the country, er Greenbacks. Mr.

Stevens said that if he thought the Republican party intended to pay them in any thing but Greenbacks, he would vote the Democratic tick-it, Frank Blair and all. Mr. Morton denounced the claim that they were payable in any thing but Greenbacks as "foul injustice to the Government and people of the United States." Mr. Sherman said the bondholder his promise when he refuses to take the same kind of money he paid for the bonds," and that "he is a repudiator and extortioner to demand money more valued than he gives." The Republican platform of 1S68. upon which Gen.

Grant was nominated and elected to the Presidency, declared that the public debt should be paid according to the letter and spirit of the laws under which it was created. Yet, immediately following those emphatic and unmistakable declarations that those bonds were payable in Greenbacks.and with in the month in which Gen. Grant was inau gutted as President, a law was passed by Congress and signed by him, declaring prac tically all of these bonds to be payable in gold and silver coin, dollar for dollar, pledg ing the faith of the Government that they should be so paid, Now what was the effect of this? Tl use bonds had been sold by the Government for paper money worth in gold an average of sixty cents on the dollar. Practically it got but sixty cents on the dollar, for them. So that far that fifteen hundred millions of dollars in bonds it got just nine hundred millions of dollars in value, and the purchasers of them agreed, when they paid their money and took the bonds, that they would take their pay in the same money, at the maturity of the bonds, that they had given, if our paper money should then be worth no more, provided they could get their interest in gold, which they did.

But when the five years were about to expire at the. end of which the Government had the' right te pay them, and there began to be some talk about paying them off, they became solicitous that the bonds should be refunded into long-time bonds. The Greenback had risen some twenty per cent, in value and nearer par, but they were still at a discount of some 20 or 25 per cent, and these people, not Satisfied with the 30 per cent, of clear profit on their investment besides the 6 per cent, interest they had already made, waited the other ao or 2j per cent, before they surrendered their bonds. So 1860, a law was nassed de claring that the faith of the Government was pledged to pay thm in coin or its equivalent, and 10 pursuance of that declaration, in Jury 1870, a funding bill was hasserL ta nfmA thcr.5 same bonds into others, runnhu? for 30 years, and at the end of that time to be paid in coin. So that for what the Government recewed nine hundred millions in value for it agreed to pay back, at the maturity of these bonds, fifteen hundred millions in gold, or an increase of six hundred millions, besides the interest in gold for all that time.

six honored millions was a clear honus to the holders of these bonds that much over and above what the Government had ageed to pay tbem-that much over and' abrre whtt they had. agreed to take, and that aamch more than the Government would have had: to pay if it had paid oflF tinee bonds with the cttrrency at that time in cx tstencc as it had a r-t to do, instead of eallw? tit and bmrnig it up as it at the tLctarioav of the jasmey power, to in-creaR trsaJaier'T rower ot the currency ia4 J. It war 3 acta! Dcnds ahrtyseovjrt casts ca tltirto riij ia taxatkm out 4 tie.