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ARGUS. VOL. XT.TTT BO 172 EOC3 ISLAXTD, ILI, THURSDAY, XXAT 9 1KB. PBZG3 TXXSE3 CZ3T3. ROCK ISLAND r- WAS A TWIN UNIT. Novelty in the Matter of the Issue on Silver. ose ponrr decided bt a wages. Jade Tlaceat, of Caleac, as Baton wes a Iteeteloa aa a Bet Betweea Tar. Wlaa City Mem Soma Mora Colaa. llbtory Beeited Whet Baaiiltaa and Jrffenoa AgreedTo. Law of HOT Illa Uaated Cherry Replies to Slortoa. Chicago, May . Hon. William A. Vincent hai decided the bet made by two well-known Democrats of this city, el Mayor Hopkins and William S. Forrest, s to the unit of Talue from 17U3 to -ls73L This bet has attracted considerable atten tion here and throughout the country, and it has been asserted in editorials that Vincent's reputation was such as not to Warrant confidence in his opinion. lie JCDGK WILLIAM A. YITCEXT. was at one time chief justice of the su preme court of New Mexico, and was re moved by President Cleveland, owing to his appointment of Stephen Dorsey as jury commissioner. His dismissal was due to an acknowledged misapprehension of the facts, as admitted by a letter signed by President Cleveland now held by Judge Vincent. Circumstances of the Wager. Daring a recent discussion at the Iro quois club between Washington Ilesing, John P. Hopkins, Hgmund Z isler and W. S. Forrest the truthfulness of certain statements in regard to the unit of value of the United states from IT'. to 1873 was questioned. This argument resulted In a controversy which, by agreement of tho parties, was referred to JuJe Vin cent for decision. Tho question to be de termined was reduced to writing.and was as follows: "Signiund Z.-isli-r states that under the statute of 17'J.' both gold and silver were lumte units of v.iluo in the United States. John P. Hopkins denies the proposition." Jude Vintvut begins Ilia decision with tho statement that his views as to five coinage at Hi to 1 with out an international agreement wi-re set tled and were against the sanii', tlwit fact being well known to tlio parties to the bet. But on the point to be decided ho had absolutely no opinion to sturt with. Coiuas Law History Once More. ' The judge heard the views at letigth of persons who advocated both sities of the question submitted and now presents his decision and reasons therefor as follows: "In April, lTliit, congress referred certain matters relating to the establishment of a mint to Alexander Hamilton, then secre tary of the treasury. January 3s, 1T'.1, he communicated the result of his inquiries and rt ilections to tho house of representa tives. This report is an exhaustive treat ise on tho subject of currency, on which Hamilton was almost universally con ceded to bo tho beat informed and most profound student of the nation. ilamtltoB aad Jrn-ron Agreed "Hamilton evidently asked Thomas Jctferson to examina tho report and ex press his judgment upon it, bir.iuo in February, Vll, or two months before the passage of tho act under discussion, Jef ferson wroto to Hamilton, 'I return you the report on the mint, which I hnve road over with a great deal of sntisfaetion. I concur with you in thinking that the unit must staud on both metals, that the alloy should be the same in both, also in the proportion yon establish between the value of the two metnls.' Under tho ques tion, 'What ought to be the nature of the money unit of tho United States?' Hamil ton says among other things, 'As long as gold, cither from its intrinsic superiority as a metal, from its greater rarity, or from the prejudices of mankind, retains so considerable a pre-eminence in value over silver as it has hitherto had a natural consequence of this seems to be that its condition will remain more sta tionary. Hamilton Was a Bimetal 1 1st. . " 'The revolutions, therefore, which may take plaoo in tho comparative value of gold and silver will be changes in tho state ot.the latter rather than in that of tho former. But upon tho whole It seems to be most advisable not to attach the unit exclusively to cither of the met als. The conclusion to be drawn from tho observations which have been made on the subject is this: That the unit in the coins of the United States ought to correspond with If grains and of a grain of pure gold, and with 371 grains and H of a grain of pare silver, each an swering to a dollar in the money of ac count.' " ' LAW BAIEO OX THE REPORT. And Coaarooeatly ' Enacted Hamilton'! Viaws aa the SBQjaet. Judge Vincent remarks as follows upon the foregoing: "Inasmuch as the num ber of grains in a silver dollar was sup gested to be exactly fifteen times the number of grains in a gold dollar Mr. Hamilton's report necessarily recom mends the adoption of a bimetallic sys tem at the ratio of 1j to L, and his reflec tions are certainly of greater value than those made by others years before that time. Based upon the Hamilton report congress enacted the law of April 3, lTaiC Sections 0 and It of this law . are then given. The first enumerates the ains of the United States, beginning with the eagle and closing with the half eeut; of the. "dollars or units" this section says each is to be "of the value of a Spanish Skilled deUs-r as. thaaama tanostan i Section II provides brceny tnax in United States mom y liftcen pounds of silver shall be of equal valualo one pound ol gold, which proportion shall obtain through any greater or less quantity of the metals. Judge Vincent proceeds: "A careful reading of Secretary Hamil ton's report and the act of April 2, 17&i, cannot fail to convince that eontress sub stantially adopted and enacted all of his vi?ws on the subject, as it would ba very apt to da when bis views agreed with those of Thoiuas Jefferson." As to the omission of the gold dollar piece, in spite of the fact that Hamilton recommended such a coin "to have a sensible object in that metal to express the unit," and that bO.Uuu would be enough, the judge says it was omitted became it was too small for practical use. and as Hamilton said: "in small payments no inconvenience can accrue' from the sole nse of silvor and copper. Hamilton's idea was to hnvo the value made equal in gold and silver, says the judge.and he proceeds: "It was intended by Hamilton's report and the act of ITtri to have free and unlimited coinage of gold and silver at the ratio of 10 to 1, the then commercial values of the two metals, and both were made legal tender for all debts. It is undoubtedly true that the Spanish milled dollar, as it was then current, wai the starting point, and the number of grains to compare a gold dollar was ascertained by dividing the number of grains in the silver dollar by 15, but this does not alter the fact that units were expressed in gold and silver. On the contrary it seems to show that both were made units of value. "The word 'nnit' was employed as the equivalent of 'dollar," and the dollar was to consist of cither one of two different things nnc-tcnth part of !M7?X grains of gold, or 37144 grains of silver just as equal values may be embodied In given weights of any two given commodities, such as wheat or corn. A nnit of value is the nnit in which values are expressed; the Value of both gold and silver arc expressed in the act of 17$!; so we had two units of value. If both had not been so expressed we could not hnve bad bimetallism. The unit is simply the starting point in the reckoning ot money. "The language of tho proposition sub mitted for deci-ion is not as clear and sat isfactory as mi-hr bu desired, but I am of the opinion that under tho act of lTlfc! the unit was to bo the dollar. The value of this unit was to be measured in both gold and silver, o71,'i grains being the quantity of silver, and l'4 grains being the quan tity of gold, w hich were to equally ex press the measure and value of the nnit adopted. As I conceive this to be the point at issue, as understood by the par ties to the controversy, and which was in tended to be expressed in the written statement thereof, I decide in the affirma tive of the proposition. William A. Yin-cent." cnniturs Kt.pt.v to horton. He Says the Secretary Hn Hat Helped Hi in aa He Had Hoped. DSXVEU, May U. James A. Cherry, to whom Sec-re rary Morton wrote a letter on the silver question, has replied: He says: "You have not helped me, Mr. Morton, as I had hoped. You do not 'make it clear that values cannot bo affected by legislation. You put silver with salt, sugar and soap nd said the 'axiom ap plied to all alike; that not one of them could be affected by legislation.' It has seemed to me that legislation could affect values locally and generally. Did the fall of silver from 1873 to 1SU3 cause the legislation of ISTaf You ask what sent silver down in 1SU3 to 81 cents an ounce. Surely that fall on Its valuo was not the cause of legislation that preceded it. "It was the effect of it. Take the ease of India again. Legislation stopped the further coinage of silver, taking thereby a part of tho old demand and use of sil ver away, and its fall was flashed over the wires to the wounded producers and debtors of the world as instantly as thun der follows lightning. In that case we cannot get the cause and effect turned around. The fall was the effect the 'log ical and historical' effect. You suggest that it may have been tho 'legal recogni tion of existing facts.' That is exactly what it was. Just as legal recognition of existing facts' (if I clearly understand your meaning) caused tho fall of silver to M cents. "Again, the senate of the United States passed a bill in lSl'l which provided for the free coinage of silver in this country. It was believed that the bill would pass tho house and probably be signed by Pres ident Harrison and become a law. Silver jumped within a week from Vt cents an ounce to 117 cents an ounce. The rise, ro member, was not confined to this coun try; it in ado a corresponding jump in Kurope. We cannot get confused over the proper place to put 'cause and effect' in this instance. "Make silver money, give it all its old uses and there will be a demand for iu And what a demand! How men would work and sweat and risk for it, and what joy and good it would bring the world I You coin it, Mr. Morton, and give it these uses, and I will furnish the demand. Everything is now measured in gold, and that famous yardstick of yours and Mr. Carlisle Is getting too long. The pro ducer don't get good measure for his pro ducts, the debtor fails before such a meas ure, and the laborer cannot live when his labor is measured by it. "And the stick is growing and the deso lation keeping up with it. The silver countries, on account of gold apprecia tion, are commencing to do all of their own manufacturing. With the loss of our manufacturing supremacy, onr com mercial supremacy is in danger. These facts, when they are understood, are like ly to cause a financial revolution, unless it is made clear thtt it is not due to a mis take in our financial legislation. Send more light." Kew Railway for' Wlaeoaata. Maimsos. May & A new railway for the Fox Kiver valley, Wisconsin, is as sured by the organisation of the Valley Terminal company, with a capital of tToAOUO. all subscribed, which has fllel article with the secretary of state. The rood will run from tireen Bay through Brown, Outagamie, and Winnebago to Neeuah. a distance of about thirty miles, tapping tho cities of Ureen Bay, Kau kauna, Appleton. and N-enah. 'Hood's Sarsaparilla has given as a good appetite and cleansed onr blood." Carrie E. Brabaker, Free oort, 111. CABOLIXA SCORED. Judge GofPs Opinion of the State Registry Law. THE STATUTE EOUSDLY DESOTJXGED Waal a Talted States Jade Thlaks af aa Eaaetmeat tha Purpose af Which Was to kapprcsa tha Kegro Tola Vaeoaotlta tiofial, Btnpoadoaa Oatrago aad Cleaa aa the Border of ClimV Seaa tarial Deadlock la Delaware. Columbia, & C, May a For a week arguments have been going on before Cni ted States Judge Guff in a case in volving the constitutionality of the South Carolina registration law. Yesterday tho judge delivered his decision, declaring the law unconstitutional. The law was framed with the express purpose of de priving negro citizens of their votes. Judge GofTs decision is very lengthy and exhaustive. After stating the salient features of the case as presented by the attorneys be carefully reviews the history ot the thirteenth, fourteenth, and fifteenth amendments to the federal constitution, whose express purposes, he holds, were to insure the right of suffrage to citizens of African descent. Evident Purposes ot the taw. He declares that the registration laws of South Carol ina are In conflict with the amendments, and that thoir evident in tent and purpose Is to facilitate the voting of white citizens, while making it hard for the "inferior race" to prepare for casting their ballots. Ho reviews the provisions of the registration laws to show how hard they make it for African citizens to vote. The requirements are unreasonable, bur densome and harassing, and clearly im pede and abridge the right of tho consti tutional voters of the state to cast their ballots. He gives the law and Its fram ers a terrible "roastingT" and uses very plain language in declaring his opinion of the statute under consideration. A Stnpeadoaa Outrage Enacted. "A careful examination," he says, "of the registration enactment of the state of of South Carolina, excluding the act of 14, brings me to the conclusion that if a voter who was duly qualified and entitled to register in May and June, 1882, did not on account of absence, sickness, inad vertence "or other cause, register when the books wero open in that year, he was not only prevented from voting at the general election in November, la&i, but was and has been prevented under the law from voting at all elections held In tho state subsequent to said election In lNS2. This seems almost incredible, yet I think it is correct. The statement is ap palling, the outrage stupendous, the re sult close to the borderland that divides outrage and crime. It Is not necessary to discuss it further likely the least said about it the better." DELAWARE REPUBLICANS' AT SEA. Trying Bard to Elect a Senator with Small Prospect of Success. Dover, May U The Republicans have sprung three new candidates for United States senator and taken forty-ono bal lots for one or other of them without election. Tho candidates are H. A. and William Dupont, the gunpowder men, and Dr. II. B. Burton. What they will do with them it is impossible to say. They have been holding conferences continual ly siuce adjournment yesterday, and hope to agree on some one candidate, but the legislature adjourns this afternoon at 3 o'clock. When the hour of 3 arrives the speaker will declare adjournment sine die, and tho reports of the committee on accounts and committee on claims cannot be passed on, and members will get no salaries. Daniel Stewart, ex-postmaster of Wil mington, summoned from New York, ar rived last night, and took the lead of tho Addicks-William Dupont forces. F. Kden Bach. II iggins' private secretary, who had not been in Dover for four weeks, ar rived at 1:3J this morning. Repre sentative .Tolls says ho will vote for Ad dicks if such a course is necessary to elect a Republican. Bach says he was sum moned, but docs not know for what rea son. Wouldn't Attend Inaagoratioa. Nashville. Ma 9. The Republican members of the legislature, together with six members elected as Democrats, re fused to attend the inauguration of Gov ernor Turney and went to Chattanooga to visit H. C Evans, ca'.ling on him in a body. Locked Himself la tha Vault. Madisos, Wis., May 9. Expert Marsh, who is at work tepairng the tirno lock on the state treasury vault, took Assistant Treasurer Charles W. Dow to to tho vault with him to show him something about the lock. After the door had been closed tho lock refused to work, and the two men were imprisoned for a little less than an hour. Finally Marsh secured tho re lease by removing the lock entirely from the door. Both were in an exhausted condition when they finally emerged, with the perspiration streaming from every pore. Failure of Taylor Bros. At Co. QUINXY, Ills., May 9. Seymour Carter, confidential manager for Taylor Bros. & Co., has been appointed receiver for that firm and also for the Quincy Milling com pany, owned by the Taylors. A scedule of the chief liabilities was filed. The fully secured claims aggregate 1 1-J9.0W. The total liabilities will not reach 3X1, OUX Included in the assets is the mam moth flour mill plant here which cost nearly t2ju.0i.OL Tweaty Cooatles for Pros Silver. SFRlxoriKLD, Ills, May . Secretary of State Hinrichsen, chairman of the state central committee, said that twenty counties have so far held ctnventions,and without exception they have declared for free silver at the ratio of 16 to L "these twenty counties." said Hinrichsco, "have 4V3 ut the s,u6 delegates in the state convention." John T. Taylor AMeasrta Sojieida, FAIKBCKT, Ills.. May Mi John 7. Tay lor, a member of the Quincy milling firm in financial trouble, has attempted sui cide. He was found hanging in the park at his residence in time to save his Uto. Absolutely Pure. A cream of tartar baklnc powder. Highest of ill in leSTeniog treaztb .Latttt VMttd State (r9ttrnmtt Food KrporL. Rotal BAKQta FowDBa Co.. lOB Wall 81 M. T. 7 Per Cent Loans AS SAPS AS The following is a partial list of completed gilt-edged first mortgage loans on hand, which we offer lor sale, sab . ject to previous selections, for their face and accrued interest. -These loans have been carefully selected by us, and are first-class in every respect. They are all 7 feb cbmt net to the inves tor. We have many other loans to offer, if these are not in amounts to snit the investor: Fair Co Vol of Bteuritv. $4,300 2,560 3,000 2.500 2,800 4,000 1,000 3.000 2,500 3,400 4.800 90C 1,500 2,100 1,500 3,560 1,000 Ft Otnt. 4oiawt. $2,200 800 500 900 200 2,000 300 1,000 875 1,500 2,000 400 800 440 600 1,200 250 Tim. 5 yrs 5 yrs 5 yrs 5 yrs 5 yrs 5 yrs 5 yrs 5 yrs 5 yrs 5 yrs ft yrs J 5 yrs 5 yrs 5 yrs 5 yrs 5 yrs The securi ies we offer are especially adapted for the . investment of savings and trust funds, as our personal attention to all the details of the loan, from its date to its maturity, relieves the hold er from all annoyance except to present his coupon to us for collection. For further information call at the of fice of JACKSON & HURST, Masonio Temple. GEO. F. ROTH, eni. Loan Department. BENNETT'S E Sole Agent for the Celebrated Josephine Seamless Gloves. Bennett's Glove Store 1605 SECOND AVENUE. Headquarters for Base Ball Goods. Factory M PIANO E Of New York City. With , all parts used in the con struction of the Pian-j Forte, and have overhauled tome of the finest pianos in the city, and do all work at factory prices, and guarantee to repair any high ' grade piano and restore it to its former qaality ot tone. F. L. & C. C. TAYLOR, Txpert Pun Taaeis, acioa as Tooe regaluora. Sepal? Booms MB Second avsaae. Goyernfflen Bonos STORE XPERTS. BIG STORE. A Chance of Your Life. ' One of the largest clothing manufacturers of this country happened to be very hard pressed for money, and knowing we are always prepared in such an emergency with ready cash, they offered us the remainder Of their new spring stock, consisting of 800 Men's Fine Suits. We bought them at SO cents on the dollar, and we offer them to you at the same rate. Suits worth $15, 10 $13.50 and $12 at V ' c We can fit any one from size 34 to 42. This lot comes in all shades, black, blue, brown, and all the latest colorings in light and summer shades. Come and look at these $7.42 suits whether you wish to buy or nor. BIG STORE. Warm, Isn't It! Well, you I now what you want? A Refrigerator, Casoline or ' Gas Stove. We show the largest line of Gas Stoves in the tri-cities. Folding Beds, Brass and Iron Beds, Office Furniture, Chiffoniers, etc. Come to Us. The M Furniture & Canet Co., S24, 326. 328 Brady St, DAVESFORT A rJit"! '4 .H-WEaF Sustain Home Industry On Tap everywhere. Only Union labor employed. The Rock Island Brewing Company, success ors to George Wagner's Atlantic Brewery, I. Huber's City Brewery and Raible & Stengel's Rock Island Brewery, as well as Julius Junge's Bottling Works, has one of the most complete Brewing establishments including Bottling de partment in the country. The product is the very best Beer is bottled at the brewery and delivered to any part of the tri-cities, and may be ordered direct from the head offices on Mo line avenue by Telephone. See our New And Latest Suits. Our purpose in advertising b to let everybody who buys clothing that is all mankind here about know that our suitings are in, and the finest ever displayed In the city. Yon are respectfully invited to call and see the latest in patterns and styles. Call and leave your order. J. B. ZTTTTTFiR; BLUE FRONT. Call for Rock Island Brewing Co. Beer. Star Block, opposite Harper House ;