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THE TIMES.
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JULY.
S M T W T P S
. 12 8
4 5 6 7 8 9 10
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18 19 20 21 22 23 24
25 20 27 28 29 30 81
GRATIFYING EXHIBIT.
The "Reports of Condition" of the sev?
eral banks of Roanoke,inade to the comp?
troller and published iu the city papers
recently show a gratifying improvement
and that they arc among the best of the
State.
!?? The National Exchange Bank shows an
increase of over $50,000 in deposits since
its last statement nnd that Its available
cash has mote than doubled while its
bills payable have been wiped out.
Of the Traders Trust Company "The
Financier" of New York in its advance
sheets of roll of honor of trust compa?
nies, says, "This institution hol^s a high
position, standing first in the city nnd
first in the State and 117 out of 458 trust
companies in the United States, as to its
assets aud liabilities reckoned by its cap?
ital and surplus. Such commendation
from such a source should be highly
gratifying to the officers nnd friends of
the hank.
To tell how a bank stands as to its as?
sets and liabilities, deduct its capital
stock, surplus and undivided profits,
(which are due to its stockholders) from
its total liabilities, and tho remainder
shows the amount rhic to others than
stockholders. Boing this with the Tra?
ders Trust Company it appears that this
bank has $84,577 assets with which to
pay $20,348 due to its depositors, or more
than $3 with which to pay every dollar it
owes depositors.
Another stroug point of this institu?
tion is shown in that It does not issue a
"Demand'Certiflcate." These often prove
to be the rock on which the financial
ship is wrecked, and we are inclined to
think that it would be a good thing, not
only for the banks but for the depositors,
if the national and State bank laws were
so amended that no bank should be per?
mitted to issue "Demand Certificates."
If the "Demand Cert'ficate" is not
what its name implies, its name should
be changed and if it is, then it should be
prohibited. NVe do not mean by this that
a bank should be forbidden to pay its
certificates on demand, it it sees proper
to do f o when they are presented over its
counter, but that it should be, by law,
put into such position that in case of need
it would have the right to require a rea?
sonable notice iu which to make collec?
tions and protect itself.
More than oue bank has been forced In
troubulous times to close its doors because
of seme unfounded junior or thoughtless
remark precipitating a run on lt;wherens
if it was generally known and appeared on
inch certificate issued as a copy from the
banking laws setting forth that a certain
time might be required, say ten days
notice, before the certificate coulil be
withdrawn, it would not only be a great
safeguard 10 the bauks but would often
give th? depositors time to recover from
any temporary fright and save the prop?
erty of the stockholders.
The Times congratulates the banks of
Roanoke on their spltndid exhibit.
THE FALL ELECTIONS.
The Republican national committee is
maintaining Its headquarters at Wash
Ington during the summer and 's keep?
ing a force of omx>loyes busily at work
getting out documents for use in those
states where the campaign next fall will
be of a national character. These States
are Iowa, Maryland and Ohio. The leg?
islatures which will be elected next fall
will choose United States Senators, and
therefore the campaigns come under the
supervision of the national committee.
Tho Iowa campaign this fall hinges
almost entirely upon the silver quest ion.
The Populists And silver Republicans
Uave combined upon the Democratic
ticket and will make common cause
gainst the Republicans. The national
Democratic committee is doing a great
deal of work in Iowa, and the reports
from that State are conflicting. No pains
are being spared by the Republicans to
call the ntteution of the Iowa farmers to
the fact that, while the prices of all agri?
cultural products are rising steadily the
price of sllvrr is golm; ''own. The reports
received from there, according tc the Re
Biliousness
Is caused by torpid liver, which prevents diges?
tion and permits food to ferment and putrlfy in
the stomach. Then follow dizziness, headache,
Hood's
insomlna, nervousness, and, ^_
If not relieved, billons fever
or hlood poisoning. Hood's
Pills stimulate the stomach,
rouse the liver, cure headache, dizziness, con?
stipation, etc. 25 cents. Sold by all UrncfdsLs.
The only Plus to take with Hood's Harsapurllla.
publicans, are of a very satisfactory char?
acter, although of course, the campaign
has not yet fully opened.
In Maryland and Ohio the silver ques?
tion will also figure, and in the latter
statu it will practically he the issue. The
Democrats have arrayed their party upon
the side of free silver, making the fight
upon the legislature and the United
States Sonatorship.
While the Republicans are thus stimu?
lating tho busy bee in their industry, the
free silver men nre not laggard In their
efforts. It Is true that the Democratic
national committee is in aqulesceut state
just at this time, but the sliver men
proper are hard at work. The American
Bimetallic Union, with headquarters In
Washington, Is running on full time and
to Its utmost capacity.
The National Birnetulllsts, a semi?
monthly newspaper, Is being published
from these headqurters, and a lartte
amount of literature bearing on the free"
sliver question is being distributed. The
object of tho American Bimetallic Union
is to conduct a campaign of education in
behalf of the free coinage of silver and
gold, the restoration of bimetallism and
government control of paper currency. A
great deal of literature is being sent to
Iowa and to Ohio, and attention will
soon be devoted to Maryland.
A DANGEROUS POWER.
Those who doubt that the monopolists
anil moneyed interests of the country nre
aimin^to dominate] tho intellectual as
well as the political liberty of the coun?
try will find a strong nrgument on the
affirmative side'of the proposition in the
case of the'enforced resignation of Prof.
Andrews, president of Browns University.
He believed in the restoration of silver to
its proper place as a money metal in the
currency of the countiy, and wrote nnd
taught to thnt effect. The directors of
that Institution, however, knowing the
munificent endowments made by moneyed
men and capitalists,, soon gave him to
understand thnt he must cease to Incul
cute such doctrines or resign the position
which he held. To a man of his Inde?
pendence of character, there was only one
alternative, and the result was his re?
signation.
In nil respects save his "heretical
"views in regard to silver, his adminis?
tration of tho aOnlrs of tho University
were unexceptionable. His nbillty and
usefulness was frankly admitted, and he
would have been willingly retained in the
position if he had agreed to keep silent iu
regard to the free coinage of silver; but
this he declllned to do, and, knowing the
sentiments of the directors, he handed in
his resignation which was accepted with
regret. That this in the end ivill be a
serious blow'to the best interests of the
institution of which he was the honored
head all unprejudiced observers must ad?
mit.
Tho London Daily Chronicle, in an edi?
torial commenting on his resignation, re?
gards it as the most serious blow which
the capitalist ollgarthy has yet struck at
the social economic and intellectual lib?
erty of the people, ??udsays: "There is no
doubt that, like Professor Beinis, who
was dismissed from the University of
Chicago, President Andrews was dis?
missed because he warned his country?
men against the growth of great monop?
olies, and in conclusion gives the follow
ing impressive warning:
"It seems certain that a conflict is np
pioaching that will shake the Union as
it was shaken by tho grea* slavery ques
tion. It looks as though the splendid
millionaire endowments of American
universities had the unworthy motive i i
tho promotion of the Interests of the
monopolists. We anticipaalc a grea*
wavy of opinion against the pretensions
of the monopolist class as dangerous to
freedom. This movement will lead to the
substitution of public for privafe control
and ownership of big trusts and monopo?
lies and the substitution of fetate lor pri?
vate colleges and universities."
SPOILSMEN DISAPPOINTED.
President McKinley's recent civil ser?
vice order Is causing a grent deal of dis?
cussion among the Republican spoilsmen
at the National Capital. It Is a great
disappointment to those who believed
th:vt the new administration would make
a modification of the civil Berries rules in
the direction of letting down the bars, so
that hungry office seekers might have a
chance to browse in Presidential pas?
tures, in spite of the President's de?
claration that there would be no step
backward in civil service reform, they
still hoped that some means of evasion
would be found and workers of the party
provided for. In this hope they are bow
ever sadly disappointed, and while it Is
generally admitted that some of Mr.
Cleveland's latest extensions of the civil
service rules weio designed to keep in
office men whom he had placed there,
those best qualified to speak for Presi?
dent McKinley declare that he will not
take advantage of this to excuse any dis?
regard of tho rules on his part.
Some important exceptions were ex?
pected, such as were made in this ordei,
and there Is some inclination on the part
of certain persons who nre critically ex?
acting about civil service reform to pro
teat that the President's order exempts
more than it includes in the customs ser
vice. This is probably true, but the pro
vision that dismissals shall not occur ex
cent for cause, submitted to the accused
in writing is a matter of much greater
Importance to civil service reform than
any extension or exemption that Is pos
Bible at this time. The tact, however,
that the spoilsmen are complaining is
proof conclusive that the order hurts.
ALASKA'S RESOURCES.
Tho Canadians are very jealous of the
people of the United States, and hate tho
idea of allowing tho Arnerlcan3 to get the
lions share of tho gold now being taken
from the Klondike regions. They aro
already prepar'ug to put the country un?
der the close supervision of Canadian
officers, but it is not probable that tho
operations of (he American miners in
that country will be seriously interfered
with. The Canadians aro aware that
much greater riches are likely to be found
in American territory in Alaska than
nave so far been discovered lu British
Columbia,and as.like their Amreican ral
atives,they are a thrifty set,it i<> not prob?
able that they will allow their greed to
remove all chance on their part for par?
ticipation in the benefits of any future
discoveriies that may be made farther
north.
l^Zxf2h? great benefits of American domi?
nation on tMs continent is shown in the
case of Alaska When Secretary Sewnrd
purchased the country for the United
States at $7,700,000 it was considered a
barren waste of ice and snow and of no
value as nu acquisition except for the seal
rookeries in the Behring sea. Under the
stimulus of American energy much of
the country has been explored and valua?
ble discoveries of gold have been mado
there and in the British northwest. Had
Alaska remained in the possession of
Russia it would still be an unknown and
desolate region. Now however, the rich
gold finds there will lead to the discovery
of other sources of wealth and to the de
velopmeut of the country on scale far be?
yond the most sanguine dreams of the
great statesman who mad<? the purchase.
The timber supply of the country is
almost inexhausible whllo its seal rook?
eries and fisherie?,If Canadians do not ex?
terminate the former, will be the source
of a large revenue tc the people of this
country. On the whole though Alaska
is deficient in many climatic advantages,
it is possessed of others which ,the long
cont'nued cold of its winters will not
deter Americans from derelopmiug.
Coal Is said to extst there in great abun?
dance, and not far from the coast, it is
claimed there is a lake of almost pare
kerosene oil. This may be an exaggera?
tion in so:no respects but that coal, oil,
fish, seals aud gold can be found iu al?
most illimitable quantities,there is every
reason to believe.
The British government has issued a
circular warning subjects of that coontry
of the climatic dangers of the Northwest
Territory where gold finds of almost fab
olous richness have lately been made,and
advising all who intend to go to the Klon
dike region not to start before next
April, us there will be great want and
suffering in that country if crowds should
rush there before the winter is over. This
is good advice and many people in this
country contemplating a similar move
would do well to follow it.
HARRISON IN HOT WATER.
Ex President Benjamin Harrison is in
hot water. His neighbors are criticising
him severely for chnmpionine the cause
of the street railways of Indianapolis
against tho people. Oeneral Harrison,
who is now engaged in the practice of his
profession for the purpose of making a
living for himself and family, had a
right to accept the fee of $'20,000 and
take the case of the street railway compa?
nies, aud the people admit his right in
this respect. The gravamen of their
charge, however, says* tli3 New Orleans
States, is that he sold his personal influ?
ence to the railroad companies, as well as
his legal ability, and appeared before leg?
islative committees as a lobby agent
where the question was one of personal
and political pull rather than legal argu?
ment before the court. Whether General
Harrison had the moral right to adopt the
course he did to win his case or not tho
facti? the people of Indianapolis are mak?
ing it warm fcr him. The situation has
been made more embarrassing for the ex
President by reason of the fact that the
matter has been taken up by the churches
and very keen shafts are being fired at
him quick and fast from the pulpits as
well as the newspapers. The pastor of a
Methodist Church within a half square of
the. residence of General Harrison deliv?
ered a sermon recently in which he re?
ferred to the grievance the people of
Indianapolis had against the railroads as
follows:
"Monopolies oppress and rob the peo?
ple; wealth is too unequally distributed.
Great corporations debauch the public
conscience. There are 13.685 miles of
street railway in our county and these
are bonded and stocked for about $05,000
a mile. Would not 13,000 a mile be a
reasonable expenditure!' Why, then, this
additional theft and burden of $DO,00O a
mile? Why $0,000,00(1 of stock qo$3,
000,000 of property (referring to the local
company):' And when an outraged people
are held by the throat and robbed ot an
amount sufficient to pay the dividends
niiun tills outrageous sum, how the soul
of the patient longs for the men of 1770.
Shades of Jefferson, of Patrick Ileury,
and of Washington once more appear and
write a new declaration of independence
against such unjust tyranny. Can Any?
one imagine the president of a street rail?
way company approaching George Wash?
ington and offering him a $20,000 fee to
justify such an Iniquity and defend such
an outrage upon the rights of the people?"
The Indianapolis street car war grows
out of the movement to secure Scent
fares which the companies have so far
successfully resisted. The fight, how?
ever, goes on and General Harrison con?
tinues to be censured, probably more be?
cause he has so far been successful hi his
clients' behalf than because he undertook
the case.?Birmingham, Ala., News.
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Dr. Miles' Remedies aro sold by all drug?
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DU. MILES MEDICAL CO.. Elhkart. Ind.
THAT TARIFF PLANK OF THE
BOLTERS.
The more the tariff plonk of the "na?
tionals" is considered, the ,more peculiar
does it appear.
'.Ohe bolters who have aligned them?
selves under the name of the "national"
Democracy are personal followers of the
late Mr. Cleveland and Mr. Carlisle, now
of New York. For several years the vis?
ion of these people has been bounded by
the shadow which the passing forms of
tl.e^e two men migh make. In their
over-zeal because the tegular Democratic
national convention refused to he longer
blinded by falso prophets, these bolters
hied themselves to Indianapolis for the
purpose of Bitting up with the corpse. A
grewsome lot of watchers were they.
With noiseless step and solemn faces they
moved around and spoke of their attach?
ment to the great principles of Democra?
cy, which they were so anxious to save
from the wreck.
Since the adjournment of that astonish
iug aggregation which met in Indianap?
olis, these idol worshippers have been
solicitous about tho fate of tariff roform.
Every once In awhile one of their orgaus
will talk about the party becoming re?
united on the question of "tariff reform,"
which is to replace the agitation for free
silver and every other plank of the Dem?
ocratic platform. During the discussion
of tho Dlngley bill these ardent party
wreckers wont into a state of hysterics
because the Chicago platform left out the
word "only" in its declarartion, though
the Euglish of the platform is plain
enough to any man with intelligence
cuough to read. One would judge from
the great solicitude with which th^se ex?
clusive tariff reformers were gossiping
over their bantling that it would hu
found marked all over with the magic
word "only."
And yet, when we come to rend the
plank which these people in their "pro?
test" saw fit to adopt, we find they have
not limited themselves by anv bounds
save the extravagant.'expenditures which
a corrupt congress might Drder. They
lost sight of the mord "only" and kicked
It out of Tomlius.iu Hall. In order tt
create an excuse under which they might
be faithful allies cf Mr. McKinley their
tariff plank enters Into the unnecessary
argument that "the amount is justly
measured by public expenditures."
Whil the Chicago platform denounced
McKinley ism by name, repenting what
had been said in 181)2, the Indianapolis
people did not dare do so, and why?
Simply because it would be very uncom?
fortable for tho ally of Republicanism to
attack its chosen chief by name. A read
ing of the tariff plank of the "national"
platform would show that It could very
well have been placed in the Republican
platform without crenting the slightest
discord.
The anxious brethren bad better put
on their spectacles nnil read all of tho
platforms over again, when they will be
better qualified to continue the argu?
ment.?Atlanta, Ga., Constitution.
DID ITO SAY THIS!
It, is Claimed; He Declared if the United
States Wants War it Can Have It.
London, July 30.?The Faris corres?
pondent of the Dally Mail has had an in?
terview with Marquis Ito, the Japanese
prime minister, who is now visiting the
French capital. In the course of an inter?
view, referring to the Hawaiian question,
Martinis Ito reaffirmed Japan's .protest
against the annexation of the islands by
the United States, but declared that his
government's attitude was not prompted
by its own desiro to annex Hawaii. He
added:
???We would not accept Hawaii as a
gift,but desire that it should remain neu?
tral. All my Influence is against war,
but if the United States wants war they
can have it. Tho result would be doubt?
ful, as all would depend on sea lights."
ANOTHER RICH COPPER STIRKE.
Houghton, Mich., July 30.?Five drill
holes blasted in Six Mile Hill shaft broke
seven tons olf ground, over one ton of
which was native copper. This Is by far
th^ richest strike'of copper ever made,
and has caused great excitement through?
out the Lake Superior mining district.
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safe and reliable and guaranteed to do
good or money refunded For Coughs,
Colds, Consumption and for all affections
ol Throat, Chest and Lungs there is noth?
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Regular size 50 cents and $1.00.
WE BELIEVE IN ADVERTISING THE TRUTH,
week:
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T
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