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New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, January 31, 1894, Image 8

Image and text provided by Minnesota Historical Society; Saint Paul, MN

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn89081128/1894-01-31/ed-1/seq-8/

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Sin.
fez
$,
Binders
Mowers
Threshers
Horses
Cneror Minn, and Centre Str.
New Ulm, Minn,
Klossner & Mueller
DEALERS IN
Shel Hardwar &
Far Implements
We handle the Minneapolis Binders, the best in the market,
The Walter A. Woods, the Crown, and the Buckeye Machines are
excelled by none. Get them of us.
J, I. Case Agitator and Minnesota Chief, It will nay you to
call on us for prices
Plows & Cultivators
The Deer and Norwegian Plows and Riding and Walking Cul
tivators have no equal. They are the best and cheapest.
Wagons and carriages
In Wagons and carriages we carry the largest stock in the city
They include the Fish Bros, and Weber Lumber wagons and
the Climax and Racine buggies and carriages. We can give
you good figures on all.
Scales and fanning Mills
As agents for the Fairbanks and Victor platform scales, we
think we can give the public better bargains than you can get
elsewhere. We handle also the best grades of fanning mills
and in fact all other kinds of farm implements.
We trade for and setl horses, and desire you^to call on us when
you want anything in the hardware and^machinery line.
Serve Exclusively to the
21,477,212 People admitted to
the World's Fai Grounds.
Universally accepted as the
Leading nne coffee of the World.
ay,You
seati-i 3mb:mc3jb3 mi'ces an exjallentj drink, is 'pleasant to'
the taste and decidedly healthful.
jfgp'Bear in mind also that we lead in the grocery and crockery line.
You only have to visit the store to be convinced.
Our aim: To sell the best of everything.
F. H. BEHNKE.
E QUESTION OF COST
never enters into the manufacture of
a Ang?.in& Flour
The Best results are the
only consideration. I 1
NEW ULM«ROLLER MILL CO.
OVERCOATS
CAPS.SUITS
JACKETS
MITTENS
CLOAKS
(2. BaltrUscr^
itMSdtfl
^t^^Sl^i yfr!s1W"tW^HtW^WMM %3$BS&H£Ws W^B^l^^W^WW^^fSR
GOVERNMENT BONDS.
GOME BUYERS FORGET TO COLLECT
INTEREST OR PRINCIPAL.
Some Interesting Information Expressed
In Large Figures—The Difference Be
tween Coupon and Registered Bonds.
How Interest Files Up.
A number of snug fortunes are lying
in the United States treasury waiting
for somebody to step up and claim them.
This money is due on bonds long ago
called in. Some of them have never
been cashed by the holders. On the
"old debt/' which embraces all loans
made to this government up to 1887,besides
$121,000 is still owing. Since that date
more than $1,000,000 has accumulated,
being uncalled for by the persons en
titled to it, either through negligence or
for other reasons.
A considerable fraction of this great
sum is now held by the treasurer of the
United States in the shape of checks.
Interest on registered bonds is paid by
check, bat as people are constantly
changing their addresses it not infre
quently happens that track is lost for
awhile of an individual bondholder. Un
der such circumstances the quarterly in
terest checks are retained as they fall
due and in the course of time pile up.
They are kept for an indefinite period
and are good forever.
There are such checks in the treasur
er's office now which have accumulated
during more than 10 years. On the oth
er hand, knowing that they are always
good for the money they represent, peo
ple often keep these interest checks, put
ting them away and hoarding them, just
as if they were so much cash. Only the
other day a batch of 40 checks for $1
each was received at the treasury. The
owner had simply put them away as
they came in year after year.
The millionaire is commonly repre
fented as engaged in clipping coupons
from bonds. This is an egregious error.
Rich men, as a rule, do not hold coupon
bonds. Such bonds are not safe prop
erty. They are always payable to bearer
like treasury notes. If lost, the govern
ment will not replace them. According
ly, for the sake of security, people are
constantly exchanging them for regis
tered bonds. The sum total of coupon
bonds is now about $70,000,000, mostly
in the hands of small holders.
Registered bonds are rich men's prop
erty par excellence. At present about
$200,000,000 worth of them is held by
private individuals. Of this great sum
$87,000,000, or not far from one-half, is
owned by 1,000 persons, roughly speak
ing, whose holdings average $80,000.
The names of these fortunate individ
uals are kept secret by the treasury
Some of the fortunes possessed in this
shape ate enormous. Among the great
est holdings are those of the Vander
bilts. Old William H. Vanderbilt had
$45,000,000 in registered bonds at one
time.
About 20 years ago $40,000 worth oJ
the consols of 1865 and 1867 were stolen
in Havana. The thief altered them by
erasing the name from the face and sold
them to ignorant persons. They were
for $1,000 each. Ever since then they
have been coming in to the treasury
through banksand otherwise. Of course
they were useless to the holders, being
registered and only payable to the orig
inal owner.
The original owner lost nothing, of
course. All he had to do was to notify
the secretary of the treasury, giving an
affidavit and a bond of indemnity, and
the stolen consols were replaced. That
is the advantage of registered bonds.
The number of such bonds that have
been lost and stolen is astonishing. A
list of them, numbering nearly 1,000, is
printed and circulated by the govern
ment.
It is called the "caveat list" and is de
signed to warn bankers and others
against accepting securities of the num
bers mentioned. Some time- ago a report
came from Indianapolis of a bond that
was said to have been destroyed. Affi
davits, etc., being furnished, a new one
was issued to replace it. Ten.years later
that identical security was forwarded to
the treasury from Holyoke, Mass.
It had been found in a lot of waste
paper at a paper mill. There was no
question of fraud in this easei The own
er lost it and supposed that it bad been
burned.
A great many bonds eall'ed for re
demption 20 years and more ago have
never been presented forpayment. Some
of them have doubtless been put away
and forgotten. It is imagined that oth
ers have been lost at sea together with
their owners. The quantity of gold and
silver in coin and bullion sunk from
wrecks in the ocean amounts to many
millions of dollars in the course of a cen
tury.
Only about $2,000,000 worth of bonds,
is possessed by comparatively poor per
sons, and these in sums of $500 or less.
About 30 years ago Uncle Sam lent a.
lot of money to help build various trans
continental railways. It was understood
that the companies would refund the
cash as soon as they got well started.
There is little likelihood that any con
siderable part of it will ever be paid.
There is still owing $64,000,000 of orig
inal indebtedness, plus $70,000,000 of in
terest.
To raise this money for the use of the
railways, the government issued bonds
at differen ttimesfrom 1865 to 1869. They
were to run for30 years at 6 percent.
The treasury is still paying this big in
terest, which is more than twice what
•he loan is worth today.—New York
World.
She Loves Scotch Music.
Lady Elgin is very musically inclined
and has a special predilection for the
characteristic compositions of hernative
land and has taught all her children to
sing the fine old Scottish melodies. It is
her custom every evening to have them
join her at the piano, from the oldest
down to Lady Rachel, a tiny fairy of
three summers, whose piece de resistance
at present is the familiar "Boatie Bows."
I —London Gentlewoman.
UNCLE SAM'S WARSHIPS.
Pitting One of Them For a Cruise Costs a
Small Fortune.
Furniture and supplies for Uncle
Sam's new war vessels cost a mint of
money. Tofitout one of these ships for
a cruise is a bigger job than equipping a
first class hotel. Here is a floating for
tress as long as two city blocks, with all
modem conveniences and complete res
taurant facilities, lighted throughout by*
electricity—a gigantic fighting machine
and military barracks combined. Her
steel walls, bristling with guns, shelter
a small army of men. The New York,
for example, has a crew numbering 455,
40 marines and 44 officers. To
feed them all for a twelvemonth at the
government's rate of allowance costs
$60,000.
On going into commission such a ship
must be furnished throughout, from the
kitchen, which is as complete as that of
a great city hostelry, to the captain's
cabin. She carries large stocks of sta
tionery, hardware and apothecaries'
goods, and is provided with tools for all
sorts of trades. Everything conceivable
that may be needed for purposes of war
and peace is supplied, because on the
high seas no shops or factories are ac
cessible. Usually the vessel is pro
visioned for only three months, because
there is no room to stow more. The ra
tions are purchased by the navy depart
ment and comprise such necessities as
hard bread, cornmeal, oatmeal, hominy,
flour, salt pork, beans, peas, rice, pre
served meats, butter, coffee and tea.
Every man in the navy, from the last
boy shipped up to the admiral, has an
allowance of 30 cents a day for rations,
which he may draw either in food or in
money. The paymaster of the ship has
charge of all the provisions, which are
dealt out by his "yeoman," who is in
turn assisted by the jack-o'-dust. The
person last named attends to opening the
barrels and packages. Coffee and sugar
are served out once in 10 days, flour ev- I
ery four days and meats daily. While
in port fresh provisions are furnished,
each man receiving one pound of fresh
bread, pounds of fresh meat and one
pound of fresh vegetables per diem.
These take the place of the ordinary ra
tions, only tea and coffee being provided
in addition. The allowance is at all
times so liberal that the enlisted men
cannot possibly consume the whole of it,
so they take part of it in cash.—Phila
delphia Times.
Remarkable Stalactite Caves In Utah.
Two of the most wonderful stalactite
caves in the world are located within the
territory of Utah—one five miles south
of Toquerville and the other 25 miles
west of St. George. Neither is remark
able on account of size, and to the best
of my knowledge the dignifying title of
"cavern" has never been bestowed upon
either of the' two. They simply come
within the category of the wonderful be
cause of the immense number of stalac
tites of various sizes and colors which
depend from their roofs. Thefirst,the
one near Toquerville, is known as La
Virgin, and the other by the name of the
Black Warrior.
The Virgin was- discovered a few years
ago by the contractor of an irrigating
company, who was- engaged in driving a
tunnel through a mountain called "La
Virgin Bench" for the purpose of tap
ping the river beyond. When the light
was first let into this wonderful under
ground chamber,, the effect is said to
have been startling, the roof and floor
gEttering with cubes- and points of crys
tal alum and the roof studded with mil
lions of rain colored stalactites.
The "Black Warrior"'cave is a coun
terpart of the Virgin and was discovered
by miners at a point where their tunnel
was 365 feet beneath* the surface.—St.
Louis Republic.
Ex-Presidents In Politics.
Several of the presidents have remained
in active politics after retirement from
the White House. Buchanan-was elected
president at 66 and retired at the age of
70. Tyler was a member ef- the provi
sional confederate congress-at the age of
71. John Adams, at 85 years of age, was
a delegate to the convention" for revising
the*constitution of Massachusetts. John
Quincy Adams was elected! to congress
by the anti-Mason party when hewas 64.
and he remained,in congress for a period
of 17 years. He died in the hall of the
house. James Monroe retired from the
presidency at 62,. was a regent of
the-patterns-that
University of Virginia with Madison and
Jefferson at 68, but declined to serve as
an elector from Virginia at 70 on the
ground that an» ex-president should net
be a partisan,, but afterward acted as a
local magistrate and was a member ©f
the constitutional convention of Vir
ginia. Andrew Jackson was 70 when he
left the White House.—Washington Star.
Humorous Trifles.
The floating bits of humorto be picked
up on many a random page of literature
are enough to convince us that the world
is a blithesome sort of place after all.
Chief Justice Eushe and Lord Nor
bury were walking together in the old
times and came upon a gibbet.
"Where would you be," asked Nor
bury, pointing to the gibbet, "if we all
had our deserts?"
"Faith," was the reply "I should be
traveling alone!"
O'Connell's cutting description of Lady
is worth a dozen ordinary witti
cisms, "She had all the qualities of the
Kitchen poker without its occasional
warmth,"
Then take the remaak of Sydney Smith
in regard to a very attractive and dash
ing widow, "When Mrs. appears
in the neighborhood, the whole horizon
is darkened with majors!" Youth's
Companion.
Tons of Petrified Fish.
In the northwestern part of Colorado
there is a region several hundred square
miles in extent which is literally a vast
deposit of petrified fish of all sizes and
shapes. These fish beds—shale contain
ing fish remains—are about 150 feet in
thickness and extend" np'and'down the,
i,^-^lJll.l|
A
The Best Shoes
vinced.
guarantees
Dealers who push the sale of W..
1 6
"",*
Dealers in
SBELF AND HEAVY HARDWARE
StoughtonWagons&Buggies.
a BI^ *m
*/QOLD WEATHER
OAL STOVES.
OO TO 5 THER
WITHOUT
DISPUTE.
TWo things to See to.
Carriages, Sleighs and Spring-Wagons, '"'.-•'^\. I
Jne of FullerftJohnson Mfg. Co. goods siicta as Mowers, Rakes, Plows etc.
& Taylor & Minneapolis Engines & Separators, HuiiSi enqines
mnding Twine, Maoiiine Oils, Pimp*, Hiy tools. In fist n/tiv IJ ill :••••.•:.i \r 'i it/vVi.i
rice-* cut vviil a-r nUh n. W un in ta city ca" 'TV I
ake you prices ev3ti if vou iont wint to huy. 5^ topnirs for above always on hand. Ii
Posters.
I have them and my customers- have always been satisfied,
have supplied with heaters would not be without them
OLD RELIABLE POINTERS
You will preceive this fact by visiting the storjj
of Beussmann Bros, We handle only the
best of hardware and in guns and other
things are as well equipped as anyone in
the city. We are constantly renovating I'
and improving dur stock and aim to give
our patrons fair bargains and good goods/j
Fine cutlery a specialty. jL'l
eussmann Bros,
The only question that interests the reader
where to buy a stove that will satisfy. Let
as interest you then.
FIRST, Get a stove that will save trouble
SECOND, Get a stove that will save coal.
HE improvements we are now making- in our store give us consideraM
more space than we have had heretofore and we are filling
with new goods as fast as available, This means for our patrons,
larger stock of furniture ami carpets- and in consequence an increase
variety to choose from. We shall make additions in all our department
and when-ready, will have as tine a line of goods as was ever shown in this cit
Our stocfeof wall paper for the spring will receive special attention and we ha»^y
already received most of those goods. We* will have about 20,000 rolls of thefin«s a«
u*
ever left a factory. In carpets, too, our stock will be greatly
larged t3lns enabling us to show as nice a line as can be found
Watch and wait f©r-»ur spring ad.
Wagner & Saverien
LIBERAL FURNITURE DEALERS,
W O A 8 Shoes are etyllshf easy fittine
•atisfaction at the prices advertised than any other mate »rw JSL 3
The stamping of W. L. Dougl^ S
pSSoTlie'hoElto,itfiL?!J?^owhe
their value, saves thousands of dollars annually
a ful1
_. ^_^__ „MI ._ ~JT *»d_w« believe yon can money or ~\M*\*m ^xi'JZZL 55S ttt-A I*
Homes that I
+o-day.
J. B. ARNOLD.
W. DOUGLA
$3 S O E I
$6, $4 and S3.60 Dress 8ho)
S3.50 Police Shoe, 3 SoMft
S2.60, $2 for Worklngmerf
82 and 81.75 for Boys. I
fc
w.
west of Chicat
frw
I) ii
Jic
sf
Who
LADIES AND MISSE*
S3, 82.50 82,$!
•horn aft MdiMa«mi«,
annually toto
thos
sale of W L. Douglas Shoes sain *«.-*~--^ "W-HW
°i goo*. Xh» «^a*SIf2S*i?^
his

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