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—Judge Schreffer, of the United
States court in Utah, has dismissed
the divoice suit biought bv Ann
Fliza against Brigham Young on
the ground that there was no mar
riage. Inasmuch as Young as al
ready married eighteen times, and
this women knew that fact, the com
"nghth declared that her union -with
him was not maniage. It is about
time that the status of this woman
was established, and that she should
recognize the fact that she, too, was
guilt) of wrong in consummating
-\lllfuly an illegal marriage. She
cannot claim toha\e been an ignoi
ant woman who was decei\ed into
doing rong. for she was of full age
and more than ordinaiily intelligent
at the time the so-called maniage
—Secretarj of State E\ arts lecent.
1/went to Albany, N. Y., on busi
ness, and was honored with an enter
tainment by Mr. CowJin, who also
I invited all the State and Legislative
oncers. The democrats, however,
refused to attend because, as is
stated, they did not want to recog
nise Evarts as a legal official, inas
much as he is the appointee of a
President, whom they claim is fraud
ulently in possession of his office.
What terribly honest fellows these
New York democrats have become
since their friend Tweed got into
difficulty. They have even forgot
to be gentlement but, n.o
They never knew how to be.
—The Eastern war has commenc
ed and three important victories are
scored far the Turks, while the Rus
sians are credited only with the cap
ture of a small isolated company of
Turkish soldiers. England and
Italy have declared neutrality, but
all the western powers of Europe
are preparing for action in case of
necessity. They are putting their
full complement of war vessels in
commission and furnishing them
with armor, and are quietly strength
ening their armies and coast de
—Washington dispatehes inti
mtate that prosecutions will be
brought against all persons known
to have defrauded the government,
such as "crooked whiskey" opera
tors, fraudulent contractor, dishon
est officials and employees, etc., un.
til, as far as is possible, justice is
meted out to these offenders. The
conciliatory policy of President
Hayes will not be extended to such
as are guilty of criminal conduct.
—Daniel Drew, the veteran stock
gambler of New York, who was
thought to be "bursted" financially
and disabled physically a year or
moie ago, has, it is said, ie-appeared
on Wall stieet and resumed his
old business. "Uncle Dan." must
be eight) eai old, but it is claimed
that his mined is still vigorous
thiough his body is bent with age
and caie. He ceitamly possesses
—Pi of. Thomas, of the National
Giasshoppei Commission, announ
ces the opinion that the grasshop
pei pest has about urn its course
and will soon disappear. He gives
some good reasons for this opinion,
but we aie not prepared to place
implicit confidence in all his state
—Two bo)s, aged 16 and 18
years respectively, sons of Hon.
John M. Oilman, of St. Paul, were
drowned on Satuiday by the over
turning of their boat, while they
weie out duck hunting. They were
in the liver near Pig's Eye bend and
the wind was blowing a gale at the
—Only last week one Boston Boy
of sk shot another of about the
same age, and now a Nashua, N.
H., youth of six. is reported to hav
killed a pla) mate by stabbing him
three times. What is the matter
with the 'rising geneiation in the
land of the Pin itans
—The Chicago Times of the 30th
says that the manufactureis of the
Eastern States are calling in their
operatives gradually and resuming
work and that the prospect is that
there will be a full lesumption of
operations at an early day, if the
—Hon. W. G. Biownlow, better
know as Parson Brownlow, of Ten
nessee, died at Knoxville, on Sun
day last, aged 72 years. 'He has
been a very prominent man in poli
tics from 1828 up till about two
years ago, when he became physic
The Colorado deseit is said to
be 278 feet deep below the ocean
level, and to contain immense salt
beds and other indications showing
it to have been formerly the bed of
ot an extensive sea.
—A railway accident occurred
near Chicago on Monday, on the
Chicago, Alton and St Louis road,
by which five persons were killed
and two others badly injured.
—A fere which took place in Mon
treal, Canada, on Sunday, destroyed
the Novelty Works of that city and
nine persons were killed by the fall
The Pioneer-Press announces
that it has cut loose entirely from
the Minneapolis 7iibune, and that
the latter now an independent
—The probabilities exivt, it is
said, that the Ohio democrats will
espouse the green-back issue in the
approaching contest in that State.
J. C. HAMMOND,
Architect & Builder,
Cor. MAIN st. & BROADWAY,
Plans and specifications for buildings pre
pared at short notice, and satisfaction guar
IN UNION STRENGTH—IN KNOWLEDGE POWER.
VOL. IV. RED WING, MINN., WEDNESDAY, MAY 2, 1877. NO. 30.
Mutual Loans Associations.
We have so ijrht in .un fur -.oin*» re
liable dan a*? t) the amount paid an
niully by tl.e pe tple of this S"ite to
Eastern and foreign eipitah»ts as in
terest 011 loan*, but are unable to %*t
e\en an aipiox.mtte Mimate.' The
sum is certiinb/ a'Oiy lai^e ne, U"J
whatever w.ll tc 1 t) Juuini-h 1* should
be gladly av.ule 1 01 by e\
the State. ome2\e\e rsagi, we pub
lished what i\c then garlM a- an
available pi ut to ifford r**Iitf from this
expense. I he article wis mainly a
transition from an editorial published
in a Germ new-piper, describing the
organization of "peasants"' banks or
loaning associations in th it country,
and the principle apon which they were
based was precisely that on which th«
building ds-oeiatio'is if this ioun'ry i.2
Let a company be org miW with,
say, a, nominal ipital stock if $10^,000,
divided into 2,000 shares of $50. Let
it be obligatory upon t'le sjbsoilbtis to
pay upon these shares- onp-half if o^e
per cent, or 25 cents per share pei
month, with 13 cents per share initii
tion fee at the commencement of the as
sociation, and 3 cents per sh ire per
month in all cases of failure to pny the
installments promptly. This initiation
fee will give the sum of 303 fo- all the
shares and it may be reasonably esti
mated that $10 per month will be real
ized from fines. This will about meet
all the necessary expenses uf the society
for the first year, if properly conducted.
Now, if all the shares are tak^n, there
will be paid into the society the first
month $800, and, each subsequent
month (not counting fines) $300. This
will aggregate $G,300 as the payments
made the first year. Now, the plan
contemplates the loaning of the amouut
on hand each month to a member of the
society, and the usual method pursued
is for the secretary to aunounce, at the
monthly meeting, that there is such an
amount to loan and call for bids. The
amount bid is called the premium.
Suppose that we are at the first meeting
and the Secretary announces that he
has $720 to loan (the $80 being reserved
for expenses,) in sums of $50 or
more as those biddnig may desire.
A wants it and bids 25 per
cent, premium. B. bidis 33j-3' per
cent., C. bids 40 per cent., and being
the highest bidder gets it. Now, it is
not 40 per cent, on $720 that he bids,
but he agrees to take an amount 40 per
cent, less than his nominal loan. In
this instance, he must nominally borrow
$1,200, as that sum, less 40 per cent,
of itself, leaves $720. lie gives security
for and pay, interest at per cent, upon
the nominal amount, however, and holds
stock equal to that sum. His annual
interest will, therefore, amount to $72,
or 10 per cent, upon the amount he
really borrows. This makes his month
ly interest payments $G and his month
ly payments on stock $G—total $12
per month, or $144 per year.
But we must remember that these
payments go into the loaning fund of
the association and immediately begin
working for him as wrell as for other
The second month the association
will have for loaning $306, (C.'s inter
est being counted in.) At the same rate
this will give $4.22 per month interest,
and at the third meeting the loan fund
will amount to $510-22. If the whole
amount is loaned every month, at the
same rate, at the close of the year the
loans will aggregate $0,520.18 and the
second year will commence with the
amount of $553.GG to loan. It is not
worth while to follow out the calculation,
for the rapid increase will appreciat-
RIGHT SIDE UP! LOOK!
jurpj 'SHIM pa'a 'Suippnjf ia?ojj sami'f
ed from the above, and correct esti
mates show that the investments during
a little over seven years, will pay up the
entire principal or amount of stock by
these constant accumulations of interest.
Say that the scheme runs eight years,
at 25 cents per month this will be $24.
Hence, monthly payments to the aggre
gate amount of $24 will entitle the
share holders to $50, or to a premium
of $2G dollars upon their investments.
When it is remembefed that this is a
result of monthly investments, it will
be seen that it is really equal to a gain
of 108J a per cent, in four years, or over
27 per cent, per annum. This proves
it to be a good investment for a man of
limited means who desires to have his
small savings earning something for him.
The borrowers in the aggregate pay
this, but as each borrower is also a
lender to the extent of his installments
on stock, they also derive the same ben
efit. In other words, they pay simple
interest monthly on the sum borrowed,
and receive interest compounded month
ly o^n their stock installments, for the
constant relending of the monthly pay
ments of interest, and consequent ac
cruing of interest upon interest pay
ments, amounts to compounding the in
terest. Still the borrowers gain largely
by resorting to this plan, as we will en-
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Xjq'B^.iBui^j ye, 41 J3yo 3A\
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iHHdYtf TTTAS. iH3IYITlYAV
•SHWOD^'p suurs 3qi i9uo aw ^tadrd ^iS UQ
0 ,. 1. 3TJHAV
deavor to show. In the instance above
given C. borrows $720 and pays for it
per cent, on $1,200, or 10 per cent,
on the true amount borrowed. In eight
years he will have paid an aggregate in
terest of $576, and his payments on
stock will, also, have amounted to $576
—total $1,152, and his debt is paid in
full. Had he borrowed $720 at ten per
cent., in the usual way, he would have
had to pay interest $376, principal
$720—total $1,29G, or $144 more than
this system requires.
An especial inducement of this plan
is, however, that it does away with the
necessity of borrowing from foreign cap
italists and paying the interest out of
the country. Under its operations the
interest is not only kept at home but is
forced constantly into the working capi
tal of the country. It does not lie idle
at all. Again, it enables the members
of a community to help each other,
makes them mutually dependent upon
each other, and contributes to produc
ing a unity of interests and a consequent
feeling of regard and friendship. It is
just as applicable for farmers as for
towns-people, and when large loans from
distant capitalists are actually needed,
they may he effected through such as
sociations much cheaper than through
the ordinaly agencies or by individual
But we will leave this part of the sub
ject for another chapter
Ai-Rir. r.Oth, 1877.
Ed. Ach-aiifc: The late snow storm
has delayed crops. This morning the
g'-ound was frozen so that it could not
be seeded. Ice formed on the small
streams- and those who had early plants
felt ratherbhie. The weather betokens
a good wheat crop and with good prices
farmers may li\e.
Allen Adams and Seth Lyons have
now caged seven young foxes or wolves.
If wohes they will get considerable
Kev. Mr. H«u't delivered an interest
ing sermon at the village school house
Mr. L. Xeidymire is here on a visit.
He has great hope* of raising a large
crop on his farm in southern Minnesota.
The new ferry road has shortened
the distance con«iderabh to Red Wing,
and flipy may look for more trade this
Nearly e\er\ week some ingenious
person i% seen in our vicinity, selling
some patent ri^ht machinery to the
farmer. Machinery niay be a great
help but we know that most of the ma
chinery is bogus, 1st it costs too much,
and 2d it does not in reality save any
thing in the end. I like to see farmer^
have machinery, but they should learr
what a machine i* before they under
take to run one. If they would de this,
we would not see so man reapers, seed
ers, etc., laid in fence corners and new
ones in their places in the fields.
The wheat market seems to have
settled into a quotable condition finally,
after an interval of nearly two weeks of
feverish excitement. We have heard it
rumored that sales were made in this
city as high as Sl.GS, but from authen
tic authority are led to believe that
$1.63 was about the highest point at
tained. There has since been a consid
erable decline and we quote to-day at
$1.50(^1.55(21.GO, the latter for mil
ling lots. These figures are well main
tained and the opinion is held among
dealers that there is no reason to expect
a further decline.
Flour has sympathized with wheat of,
course, and has advanced firstname.lastname@example.org
per 100 lbs., tor family and to $5.2"
@5.50 for patent.
Corn is in demand at 55@60c.
Oats are still quoted at 40@50c.
Potatoes are scarce and sell, as tc
qualitv, from 80c to 95c per bushel.
Butter plenty at 1S@20.
Eggs 8@10c light demand.
Beef cattle 3^?*(c. per lb.
Graham Flour $4.50 per 100 lbs-.
Corn meal $3 per 100 lbs.
Hay, tfame grass, $10(^ 12 per ton.
Groceries generally are firmer. Su
gars have advanced about lc per lb, and
Coffees }c, Prunes 3c, and Dried Ap
Dry Goods are firmer and prices tend
upward, both for Cotton and Woolen
Hides, green, 5'jC.
Wood, soft, $4(?4.50 per cord.
The co-partnership heretofere exist
ing between J. Simmons & J. O.
Strandnes as Simmons & Strandnes is
this day dissolved by mutual consent.
The business will be continued bv J.
Simmons. J. SIMMONS,
J. O. STRWDVES.
April 25th, 1877.
How to make money these hard
Look up ali your articles not in use,
such as furniture, stoves, musical in
struments, sewing machines, safes, tools,
lamps, or anything of value, and send
them to Witney's commission store, on
Main street near Broad, irhere he will
repair them, if necessary, and sell them
for you on commission of 10 per cent.
only Auction sales will be held occa