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VOLUME xxxn
BRENHAM, TEXAS, THURSDAY, JANUARY 14,, 1897.
NUMBER 2
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THE SYSTEM RESPONSIBLE.
The Granbury News claimB that
observant people are not disposed to
attribute the long list of bank and
business failures to short crops or
injudicious legislation. McKinley's
election has had little to do with the
matter, neither would it have been
better or worse had Bryan been
elected. The panic, if you may so
same it, is simply the result of our
businessfiystem. The credit system
the debtmaking system of the
present day.
In almost every instance of a
lint failure, it will be found that
the officials of the banks have either
Borrowed the money or loaned it to
others for speculative purposes. If
the speculation proves a success, the
bank is well paid: but in case of
loss the bank either loses or ati
tempts to regain the loss by further
loans. Finally the crash comes, de
positors lose their money, confidence
is shaken, and in a few instances
those who have robbed the bank end
the matter by blowing out their
brains. This is Ihe history of bank
failures everywhere.
Our mercantile system is even in
worse condition. . Credit would be
all right, if all purchasers expected
to pay their bill", even though it
made prices a little higher to con
sumers. But- too many buy goods
-with no intention of paying for them.
For instance, A. and B. are retail
merchants, both buying from the
same wholesale house at. the' same
prices. A expects to pay for his
goods, hence places a fair profit on
ihem. B does not intend to pay;
bonce cuts prices to about cost,
disposes of all he can for cash, puts
the money in his pocket', borrows
from the banks and when pay day
comes files a deed of trust, securing
the blk and a few others, leaving
many of those who sold him goods
entirely out The goods are placed
on sale, at bankrupt prices, thus
demoralizing the legitmate business
man who expectB to pay his bills.
This is no fancy picture, but one
seen every day. A may be able to
pull through and pay his bills, but
"he has no profit on bis investment
orxemuneration for his labor. It
thus often occurs that an honest
merchant is forced to the wall, but
a big majority of the commercial
failures are nothing more than
gilded steals. Business m6n know
this, and it is the general talk. It
is demoralizing all legitimate busi
ness and tho present shaking up will
only result in good if the lesson is
properly learned. The present
Bystem of credit must go and in its
stead we. must have either a cash
dealing or a system of credits with
rood collateral, such as is required
by our best banks.
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Harrison Dry Goods Company,
We will offer our entire Stock of
Iat EXTRAORDINARY LOW PRICE!
' '4$ffi,ss't?u-',V'' vr 'ii i ;
Special Bargains in Shoes, ' -Special Bargains in Dry Goods,
Special bargains in Clothing, . Special Bargains in Dress Goods.
"Thebe is a man in Tarrant county
' vho always pays for his paper in
advance. He never has been sick a
day in his life, never, had "any corns
or toothache, his potatoes never rot,
the weevil never kills his corn or
beans, his babies never cry at night
and his wifa never soolds, says an
exchange, and when he dies he will
get a pass to the New Jerusalem.
F
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We want to dispose of the present stock
before our NEW GOODS for the coming seaspn
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begins to arrive, and to effect quiSl: jalesr we havfevj
decided not to consider the ? cost, but to let goods
go for what they will bring'; this presets to the
purchaser an opportunity npt offered before.
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Our Stock for the coming Season will include all the new things
for the New Year and no pains will be spared to secure for our pat
rons the Best Goods for the least money.
We have a lot of suits for Boys' and Men, also a few dozen over
coats,? which we are very anxious to dispose of, and to sell quick we
will offer very low.
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In our Shoe Department we have la big lot of odd sizes, which will be sold below cost.
What we mean by odd sizes is that some lots have only 2, 4, .5 and 7's, while others have- S,
' 4 and 6's, and so on.
In Dress Goods. Here's is where you can pick out some good things1 at prices to suit your
self, even trimmings and linings included in this cut price offer.
Ready Made Skirts. We have 5 doz. ready made skirts which were shipped too late to
reach us for the holiday trade, these too are offered at special bargains.
Insist
Upon having just what yon call for when
you go to buy Hood's Sarsaparilla. There
is no substitute for Hood's. It is an in
sult to your intelligence to try to Bell yoa
something else. "Bemember that all
efforts to induce yon to bay an articl
yon do not want, ore based simply .
upon
the desire to secure more profit. Tho
dealer or clerk who does this cares noth
ing for your welfare. He simply -wata
your money. Do not permit yourself to
fee deceived. Insist upon having i
Of OB B B
Hoods
. Sarsaparilla -v
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THE HARBISON DRY GOODS COMPANY.
WHOLESALE , JL-JSTD JRETAIZ.
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The gold output of the Black
Hills in 189G -was S12,000,000.
Theee ia some talk of adopting
liquid fuel on American war-ships.
jAad only IIooJ'i. Jt It tho.Onq True Blood Partner.
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The "tariff hearings" are said to
be becoming devilish interesting to
"goldbug boltocrats."
The gold-output of Colorado for
1896 was $19,500,000. The', silver,
reduction LwaH? 31G.250.000. and.
Hood's Pills ZSr, r";" 3,m82.
easy to operate. 25c '
Br granting autonomy Spain
might possibly be enabled to hold
Cuba, but she can never hope to
succeed by pursuing any other
course.
A new silver concentrating process
has been found by which silver can
be produced at a much lower price
than.at present and a good many
silver mines.are preparing to start
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up in consequence.
Immense quantities of cotton are
now being shippod from San Fran
cisco to China and Japan, there to
be worked up into cloth. This de
mand is increasing very rapidly.
The New York World Bays the
sugar trust, is forcing tho fight on
the Arbuckles in away that suggests
what an honest attorney- general
could do by putting the-same spirit
of earnestness behind the enforce
ment of the laws. . ('
BURGLARY AND THEFT.
William Webster Charged With looting
a Shoe Shop and Stealing a Horse.
The examining trial of William
Webster, colored, charged with "the
theft of a horse from Mr. G. P.
Burke, on Dec. 27th, was held Mon
day evening by Justice Ewing, and
resulted in the defendant being held
in $500 bond .to await the action, of
the grand jury. ' Webster sold the
horse to Morgsn Leak, colored .of
Chappell Hill, for $25.'' Webster is
also charged with burglarizing the
shcq shop of C. & D. Neves at Chap
pell Hill, his bond in that case be
ing set.at $300. Not being able to
furnish the required bail, he was re
rdanded to the custody of the sheriff.
Hon., Nelson Dingle? declares
that, he, is not to be the secretary of
the. treasury in MoKinley's cabinet.
He ddesn't seem to be in search of.
pie', as strange as -it may "appear.;
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