Newspaper Page Text
,T \Mi23 12. BATTENKIELD, Editor. ■ DEVOTED TO LOCAL, POLITICAL, COMMERCIAL, AGRICULTURAL AND LITERARY INTELLIGENCE. ^ __1 ^ ^ ,tOBK Bu,,i ***
______ __ _______ __ - .. 1 ■ - ' —. . * .".T ------*-— ~ “ ! VOL. 1 RUSSELLVILLE. ARK., THURSDAY, OCTOBER 21, 1875. ^T,Q- 3i) THE DEM OC 11AT. Us Sassslivilh Printing Addition, Putiliuhtn <tn<i ProprUlon. Office-Up etaire, Battenfleld Building,] East Main Street j. E. BATTEN FIELD, - - - Editor. —The election in Iowa on the ]2th insL went Republican by n majority of something like 30,000. —Mai ne has one hundred and I seventy-five lodges, with a mem bership of 14,000 Good Templars. —The • Stonewall Brigade,” will hold a reunion at Richmond, Va., on theoccasoin of the inaugura tion of Toley’s statute of “Stone wall” Jackson, Oct. 2(ith. —The Golden Age has stopped publication—so we see it an nounced, and the paid up subscri bers will be supplied with The Na tion for the remainder of their unexpired terms. —Moody and Sankey have fi nally made a most happy choice in their selection of a place at •which to commence their crusade against Satan’s dominion. They commence at Brooklyn on the 31st instant. —Electricity travels over the ■wires in transmitting telegrams, at the rate of 18,700 miles per second. At+Uiu a (TfilVAnip. PlUTfillt v.. o would make the circuit of a wire extending around the world in one and one third seconds. —Mexico goes it strong on our Centennial Exhibition. The Mexican Congress has appropria ted $300,000 jointly for the na tional and international exhibi tion, the former to be held at the City of Mexico, in November as n preparatory step for our Centen nial of 1870. —Frolich, of the Record, wants the Searcy boys to get up some frolicks to while away the lonely hours during these cool, pleasant, moonshiney nights. Try a pos sum hunt, Colonel, ’simmons are ripe, sweet potatoes abound in the patches and you can find lots of fun in it. —A righteous act was that of the California Legislature, when they passed a law restricting school officers from making any difference in the salaries of male end female teachers of the same grade. Equal wages for equal work, regardless of sex, ought to be the custom everywhere. —Egypt—the oldest nation in the world—honors the United States, the youngest nation, by making an appropriation of $05 000 to pav the expense of a rep resentation at the Centennial Ex hibition next year. All the Arts, products and industries, and many tiiiuga uuiuicumsu ancient history of the land of the Pharaohs will be exhibited. .—The Spaniards in Cuba will yet find a hot time of it. The Cuban patriots arc preparing to again resort to fire as a means of waging their warfare. An arti cle in a late Havana paper says the Insurgents hare laid plans whereby they will attempt to de stroy by fire all the valuable su gar plantations, and that the coming winter will witness the most active operations that have been displayed during all this desperate struggle. —The Controller of the Cur •j reney has issued the following; Dangerous counterfeits are in circulation of the denominations of of the following banks The first National Hank, of Chica go, 111; the Traders’ National Hank of Chicago, 111.; the first National Hank of Paxton, 111. tlu* first National Hank of Canton III. Nearly the entire amount o the genuine notes of tlicsi banks has been withdrawn fron circulation, and national bank: are requested to transmit to tin Treasury for redemption all sue I notes as may come iuto their pos Session. THE LEGISLATURE. But a few more days will inter vene before the Legislature will convene at the capitnl in pursu ance to adjournment last April. At the last session of the Legisla ture, many of the members were inexperienced, and called to fill seats in the General Assembly without ever having given much thought to parliamentary proceed ings, or to the needed legislation of our state. The session was on this account, long and tedious, and if some blunders were perpe trated it is easy to excuse them. The members at the coming session will be better prepared to enter at once upon the work be fore them, and we may expect a session of active work. Some of the errors of last session’s work— or at any rate some measures which are by many judged to be errors—have been pointed out and commented upon by the press of the state, and it is to be hoped that our law makers will dilligent ly investigate all matters of which complaint has been made, and if any changes or amendments can be made which will redound to the good'of on r state and people, that they will be promptly enacted. Among other tli ngs which have received the notice of the press, and been classed as bad legisla tion, is the Fee Bill, or parts of it, which was adopted by the last session. If any body merits full compensation for their services it is our public servants, our jurors and those who leave their own private affairs and devote tlieir time to the unthankful task of serving the public. And if there is any emergency where it is good policy to pay good wages for com petent services it is in the employ ment of our officials. We have no doulit many of our officials— especially those who possess the desired business qualifications which should always characterize our officials—could make a far better living at the ordinary pur suits of life than they do at sere ins tlieir state and fellow citizens as officials. The fees allowed jurors in jus i ticcs courts is a notable instance of the injustice ot the fee bill. We believe no man's services should be required for less than a fair compensation, and wc trust the next session will amend the Fee Bill in several respects. The road laws of the state have also been severely criticised and 1 pronounced inadequate to the wants of the public. The deficiency of proper no tices to the public of Administra tor's, Guardian’s and Executor’s, lias also been complained of, and condemned by almost the entire State press. The School system lias been, by many, thought to be neglected. No more important matter could 1 .1 tU A .1 t ^ A t ! Att A I" t ll A next session. Other points might be mention ! ed, but we presume that all will I be brought up by thoughtfnl members at an early day in the | session. The adjournd session should be a term of earned, dilligcnt labor. I THE PENITENTIARY IN VESTIGATION. Elsewhere in to-day’s paper we give the finding of the Commis sioners before whom the recent in vestigation into the condition nnd conducting of our penitentiary was conducted. We had no doubt from the first that there hid perhaps been some abuses, for it is almost itnpossi | ble to conduct au institution of that kind, and to enforce the nec essary and proper discipline among the class of men confined there without occasionally using harsh means. And it is equally | difficult to prescribe a code of regulations which will always 1 suit every emergency. We do not wonder, therefore that such has been found the case i in the present investigation, and ! the fact that the Commission has found nothing serious enough to warrant the cancelling I of the contract with the present lessee, confirms us in the opinion that a great deal more fuss lias been made over the matter than the actual circumstances called for. If the lessee, in his treat ment of convicts, has committed any act which is criminal under our criminal code, we presume the grand jury will look after it, and, in fact, the Commissioners In their finding so recommended. The thing has ended about as we suposed it would. THE OHIO ELECTION. The defeat of Gov. Allen, in Ohio, while it will be a gratifica tion to the Bepublicans, and will give them prestige as the champi ons of a hard money policy, is not regarded by those who are well posted, as any serious draw back to the Democrats in the next years presidential canvass. There has been such a division of sentiment among the Demo crats on the finacial issue, that if the defeat of the party in Ohio shall have the effect to bring all Democrats together upon a plat form of principles involving only the vital interests of the country, and cause them to wage the can ! vass next year on the real issues ; between the two great contending parties, it will not be a serious loss that the first state election ; shall have gone a9 it has. While the question of our cur-1 rency is closely connected with j the prosperity of the great indus j rtf nni< onnntni' if trill lw> I - — — -../> _ I time plenty for the Democratic j of bet- j tering our condition in this res- J pect when they shall have come fully into power. Until then let j them fight the enemy on the record they have made during j their term of rule. SICK, EH? Not so sick, Bro. Jamison, as you may suppose. Wc want to be at peace with Johnson county, and mankind in general, but when you go to dig ging into Pope county—when you go to robbing her because some body else robbed you—you must expect us to act on the defensive. •Your logic seems to be, “If some one wrongs me, I will wrong somebody else, and thereby get even.” Now, Bro. Jamison, don't you know that it was on petition of your own people—the citizens of | Johnson county—that the legisla ture last Spring passed the act j establishing the line which you now find so much fault with? The act was passed in compliance with your own petition and your own representative voted for the Act Now to come forward at the same session and ask for another line looks like childs play. How many more lines will you want within the year? COURT OF COMMON PLEAS We observe that the matter of establishing courts of common pleas is again being agitated by | the press of the state, and argu ments advanced pro and con. We have no doubt the next session of our legislature will have the mat ter up again, and that there will be a pressure brought to bear to influence the passage of a bill pro viding for these courts. We hope ttiat body when they are called upon to take action in these premises will act wisely and not make any sweeping pro vision for such courts, but that they will confine their establish ment to counties where necessity actually requires them. We pre sume there are a few counties in the state where there is need for these courts; but the majority do not need thorn, and to them they would only be a source of expense and burden to the. tax payers, and an annoyance and detriment to farmers and others who would have U> perform jury service at four terms per year. Besides, how often do the ma jority of the counties secure a comity judge competent to exer cise tlie jurisdiction of such courts? So far as our county—Pope—is concerned wc know very well that there is no occasion in the world < for any court of common pleas, 1 ind we hope our members will ippose the imposition of such a burden upon us. Our tax payers *nd voters were opposed to the including of their county under ' the provisions of the bill for this j purpose last spring aud so ex- , pressed their disapprobation bj forwardiug a remonstrance, and we are sure they have had no rea son to change their minds on the subject. If tliTC arc counties where the i taxpayers and voters think such ; courts will be beneficial, let them have the courts, but don’t impose .hem upon counties where there is no need for them. A. TURNPIKE ROAD TO BOONE COUNTY. We see from the Boone County ' Record that the citizens of that , ;ounty are again becoming arous ed to the importance of a good thoroughtare—perhaps a turnpike : road from Bcllefontc to the Ft. Smith railroad. We notice that the impression is general that Russellville is the point at which the road should tap the line of the Ft. Smith railroad. The Record in which we see the matter men tioned was about two weeks old when we received it, and by it a meeting of all parties interested was suggested at Cave City on j the 6th inst. We do not know whether the meeting was held or not. but we do know that the best interests of both sections of the country demand a good turnpike road between the two places named. We further know that it is a feasable project, and that if our business men and live men of all callings will take hold of the matter we can have a No. 1 good turnpike all the way from hero to Bellefonte. flierc is money in it, and we do not see why somebody don’t take the lead ami put it through. All that is wanted is some one to take the lead and there will he plenty to follow. We have no doubt if the matter was properly taken hold of, the requisite nmouut of stock would betaken in less than thirty days, and a charter could be obtained at the next session of the legisla ture, and the road in full opera tion by the first of January or j February. We would be glad to see some of our public spirited i men take hold of this matter in earnest. It has been talked about a great deal, and all agree that it would be a great tiling, but what' we want now is for some one who ; means business to lake hold of it. ’ We hope soon to be able to report! that the matter is no longer a mere subject of discussion, but that it is really being made a reality. —Robert Dale Owen lias recov ered his reason, and will in a few days return to his home, where under advice, he will continue tor a time to rest from labor. Dr. Everts, Superintendent of the In diana Hospital for the insane, says be sees no reason why Mr. Owen may not in a short time, re sume his work with all the vigor and ability incident to his age and habits of life. Mr. Owen be lieves that bis only ailment was exhaustion of the brain and ner vous force, until what he regard ded as arbitrary restraint, tended to irritation. He thinks,however, the repose of the last three months has been greatly benefi cial to him. WHAT IS MONEY? New York Irish World.] Tho dense ignorance and imbe cile blundering which prevail on the subject of finance, together with the panics and industrial1 stagnation to which this ignorance j ana blundering lead,are in a great measure due to a misunderstand ing of what is really meant by the word “money”—what really con | stttutes money. Most men are i [content to accept their idea and definition of it at secondhand. Here in America, too. confusion ! is worse confounded by a school i of economists who have been ! trained to follow the English lead j in everything, who shape all their thoughts and phrases after En ; giish models,- tenaciously holding 1 that England alone is the bright ixemplar in whose footsteps we nust confidingl}- tread if, as r tation, we hope to be saved. It sjneedless to sa3r that this is a ■cry dangerous school for the ed ication of any American citizen. Digging down through the mild ly layers of sophistry and elabu ate nonsense in which theorists md speculators have enveloped he currency question, and readi ng to the very tap-root of the problem, we find that money is limply the instrument of exchang >s. In primitive stages of human lociety, trade and commerce were i mi ted to transactions of barter >r swapping. If a man bad sheep ipare and wanted a cow, he had ,0 look for some neighbor who vas willing to part with an ox in ixchange f<# a half dozen sheep, [f he wanted wheat and had a lorse to spare, the process was ,hc saiac. J11 course of time, as ucn began to devote themselves ,0 special industries, the process >f barter became more complex ind difficult; the transfer of corn >r cattle for land, raiment, house lold goods,j_tor weapons, was bund to be too cumbrous and ilow; and the need of some gener il medium of exchange, which voulil pass current with all classes ind be easily divisible, was nntu •ally felt and recognized. Thus netals came to be selected, as being least bulky, least liable to ,vear out or dccai', etc.; and gold md silver grew to be more valua ble tor thisjjjpurpqse than copper >r iron, on account of their scarci ty and the greater difficulty in procuring them. It need hardly j jc said that for many other pur posen seme of the cheaper metals ire far more valuable thau those which are termed “precious;” for instance, steel, whether employed is u liiiuuuu-uata ui »v spring, is practically of more value than gold. Such, briefly told, is the manner in which spe cie came into general use as an instrument of exchanges. In the lapse of the centuries, however, ?vcn this metallic, money was found insufficient to accommodate the growing commerce of the na tions. As communities became more settled, and people learned to re pose trust i« the promises of those with whom they dealt, as well as in the improved legal methods by which their claims were secured, bank-paper, based on the credit of individuals, corporations, or governments, came into fashion. In spite of frequent, sometimes violent, shocks inflicted on it by princely extravagance and ambi tion, or by the fraudulent practis es of dishonest merchants, the system grew in favor by reason of its convenience—and the grad ual dethronement of specie began. Nevertheless, there are theorists and “schools” who still persist in maintaining that the “precious metals” alone, or something rep-j resenting these, can be accounted j money; as if Nature, by some mysterious decree, had endowed these substances, and nothing; else, with the functions requisite j to form a medium of exchange. They worship their gold-fetish ns the Israelites, at the foot of Sinai, worshipped the golden call. Now, let us take a simple illustration. Suppose A has a farm in the country which he wishes to ex change for a small farm in the country which he wishes to ex change for a small ship, lie finds that 15 has such a vessel to dis i n f but. It would like to invest i in iron, not having any taste lor farming. After a little more searching C is discovered to have a stock of iron which lie would willingly barter lor a farm. So A trades first with C,and then again with B. In this transaction the iron really serves as money, being the instrument of exchange be tween A and B; and it would so serve in every conceivable in stance if it could be at once util ized. So would wheat, so would cotton, under the same conditions. The sole advantages which gold ane silver possess over these other nroducts consist in their being more scarce, more portable, ami more durable. Consequently there would be no more sense in making such commodities the sole medium of exchang than in decreeing that diamonds alone should be legal tender. People talk of gold as a standard ol j value;—why! it fluctuates from day to day in different localities, according to the ratio of supply and demand, just the same as does corn, or wool, or cotton. An ounce of gold is a standard ol value to the same extent as a bushel of wheat or a pound of cot ton. Therefore the attempt to make all other values conform to it is arbitrary and unnatural. At the present day the vast bulk of the world’s trade and commerce is conducted through the aget v of paper bnasd on credit. Even in England, the Mecca of the bulliouists, where they have only six hundred mil lion dollars ($600,000,000) current! money of the realm—including !>oth bank bills and specie—they liave created a circulating medium line times as large ($5,300,000, )00) by means of drafts, notes,! and bills of every description. Commencing on which, Henry Jarey Baird says: “Nevertheless, this system of credit which has grown out of persistent, long continued, and ricious legislation in regard to money, is top-heavy and essen tially unsound and dangerous, and liable to tumble over at any and at all times. During the Treat war of the rebellion, through aur ample supply of currency and aur great business activity, we were enabled to carry almost our sntirc government indebtedness; and it was not until peace came, and with it contraction of that mrreucy, that it became necessa ry to seek foreign aid.” It is conceded on all hands that dicre is not on the surface of the Tlobe enough specie to carry on >ne per cent, of she world's indus iries if all balances had to be paid in bullion. From this reason alone, apaft from every other con sideration, credit is inevitable; and the whole question narrows ;o a point when we ask: Whose credit? Financial collapses and panics are invariable the fruit of a vicious credit and wild specula tion, and are always liable to xrcur in any land not furnished with sulficient sound currency to :lo a cash trade. The plain reme dy is to substitute a credit of the nation for the credit of individu als and private corporations. In Lhe words of Mr. Baird, “better “ far, instead of giving unlimited “ expansion to an expensive and “ unstable bank-credit system, to “ eqpand the legal tender curren “ cy, and thereby increase the “ power anu the disposition ot the “ people to buy cash, anil thus “ give real stability to the busi “ ness of the country.” Of course, the advocates of the specie-resumption scheme will meet this suggestion with the usual shibboleth regarding ‘•equiv alents” and “standard values.” Without following them further through such mazes, we say that any convenient, portable, readily dill usable medium of exchange in which the people have perfect confidence, is ipso facto fitted to discharge the functions of money. And in what could the people of the Unite States plnce more ini plieit trust than iu currency, not alone b“a“d on the credit of the nation itself, but absolutely secur ed by mortgage on the natiou's entire property? Such circulat ing medium could not fall to be jealously guarded and sustained, for the entire people would have a vital interest in preserving it. “Ah! but"—somebody will chime in—“your rag-money will not be : received in Loudon.” That is no | means certain, yet wc would not | feel dopressed by any means if it were not taken in London. We conclude with an extract touching this point from a distinguished ] Canadian authority, lion. Isaac Buchanan, who says: “Money should be a thing of, j or belonging to, a country, not of j or belonging to the world. . .! An exportable commoddity is not j fitted to be money, and nothing I could be more monstrous than; England's principle—followed by I the United States up to the war— ! her legislation forcing her people j to be buyers of gold, and making their possession ot gold (one ol the scarcest articles in the world) : the condition of their being able to furnich themselves with food ! and clothing.” Yet this same monstrous prin ciple is precisely what the specu lators, stockjobbers, and English school want to perpetrate in the United States. To the People of Arkansas. Little Uock, Oct. 8,1875. Ed. Gazette:—As one of the great north western editorial land exploring excursion party who have completed an inspection of almost the chief portion of the state of Arkansas, permit me the pleasure of addressing yon thro’ the agency of your own press. 1 confess to you, sir, that when 1 revived the cordial invitation of ( 'ol. Loughboreugh, the land com missioner of the St. Golds <fc Iron Mountain railway, and Col. T. B. .Mills, to join the excursionists, it it was with some serious feelings, as regards my safety in doing so, 1 accepted the invitation, and set out to perform the duty of a jour nalist, having so frequently rend of the lawless barbarity and crimes committed almost within your very borders; however, as I have but one life to’lose, I was deter mined to risk it and brave the danger of the trip, and come to judge for myself, that 1 might do justice not only to you but to the craft to which I belong. I came, we saw, you conquered, and yet no ? word was drawn! No, gen tlemcn; thank heaven there was no necessity for defensive weap ons, unless it were to ward off your overwhelming hospitality, open frankness, and those splen did proofs which assure the world of man in his pure nature, as evinced by you in every quar ter of our eventful route. I regard the excursion as one of immense import and benefit, not only to the state of Arkansas, but throughout the length and breadth of America and Europe, for the mighty voice of a great engine (the press) through us shall sound the loud trumpet of your praise, and our estimate of your cililizntion, laws and institu tions; your peace and prosperity, your enterprise and industry, your frankness aud openness of heart, your cordialty toward straugers, your refinement and tastes, your appreciation of good and detesta tion of immortality and crime, vour warm welcome extended to all men of honor and integrity; ( the immense resources of your golden lands teeming with wealth, your grand forests and splendid rivert, your bounteous and luxuri ant fruits, your plenteous crops of corn and grain, your lovely white fields of cotton; your Hot Springs, crowned with almighty healing powers, and touched, as it were by the hand of God, for from your balmy waters the leper walks healed and a clean man, and the victims of the thousands of diseases to which flesh is heir, come forth fresh, vigorous and new men. Yes, gentlemen, this is what wc, in common justice to you, must say we found you, and having done so, we feel tt due you to tell the whole world that Ar kansas opens up new hope for cn terprise and Industry, and that the capitalist may reap untold gain in the immense resources otleriug in your state, aud the immigrant find a safe, happy and prosperous home with you. 1 was so favorably impressed ! by you as men far advanced in aits and sciences, refinement and I education, that it required more than ordinary courage to master that nervous feeling and my con seiousnes of inferiority to you, but your warm cordiality and wel come soon removed that feeling and the natvral modesty so coin mon to the sons of Ireland, and placed me on terms of footing be I side you. And now lean stand 1 ui> as a journalist, aud tell the 1 I IONES, McDOWKLL A CO I HUSSEY ACO Little Hock, Ark. New Orlemo* I). L. BO UR LAND, WITH BUSSEY* CO. GENERAL Qommission ]\J[erchant», —and— COTTON FACTOR*. S’°. 18 South Conner- S( Louis Mo. <0' Mro«tr*vier New Orleans, La. Liberal Advance* made ou < on«iK»>ment*. No. ‘26-0 m.] IF YOU WANT TO BUY A ftEWlNO Machine, l’iano, organ for parlor or Jhtireh, apply at this often, for price*,which * lower than the inaiiufavtuieiV prices. We Knarautee a bnrKitiu. world what you are, and what wo found you, and, in the furtherance if tiiis, I deemed it not unaccept able to you to give you some lasting record and memorial of lur visit through your state. I have therefore collected all mat ter of interest possible, written a biographical, historical and stat istical sketch of each city and town, recorded the various items if importance, receptions, speech es, grand banquets and balls, your glorious crops, timber, mines and minerals, coal fields, cotton and corn, grain and green crops, and embrace all under one form of re port, and in a few days I purposo issuing it from our office (The Land Owner) in Chicago, fresh from the press, for your pleasure and information. Now, gentle men, as time lties swiftly, and but little is left me for my hurried labor in doing so for your interest and that of your state, and ex pressing a warm hope to see you all Very soon, and personally thank you for myself and brothers of the northwestern press, I sub scribe myself your grateful friend. Cko. Francis C'cdd, Associate Editor ami < opartner in the Land Owner, of Chicago, 111. (J. M. Wing & Co. Proprietors.) 1\ S.—I trust tlic entire press of the state of Arkansas will copy this letter of our thanks ami gratitude. ft !\ C __■ w -w ^ -r - Sam bTadams, INSURANCE AGENT, ROOMS 2—4 GAZETTE BUILD’G, LITTLE ROCK, ARKANSAS. Largest Agency in the State, representing hearty 43MILLI0I SLURS, in the following prompt paying companies: LIVERPOOL AND LONDON AND GLOBE INSU RANCE COMPANY, Of England, *26,740,105 QUEEN INSURANCE COMPANY, Of England, 10,000,000 INSURANCE COMPANY OF NORTH AMERICA, Of Philadelphia,. 4,686,818 CONNECTICUT INSURANCE COMPANY, Ok Hart ford, . 1,000,000 | HOME INSURANCE AND BANKING COMPANY, Of Texas.. • 300^ TOTAL ASSETS,.*42,726,918 RI8KS written throughout the STATE, GIN HOUSES AND CONTENTS INSURED. MOSES M. GREENWOOD * CO. Cotton Faotora AND GENERAL COMMISSION MERCHANTS No. 79Corondelet Street, MOSES M. GREENWOOD.) IlClif HDI CAAIC ' GEO. W. WHIITLESBY, f RkVv UltLkHISva Tor Cheap Groceries, Go To RENFROW Sc MOSELEY, THACH BUILDING, MAIN STREET, Russellville,.Arkansas. They keep constantly on hand a splendid assortment of the actual necessities of life, which they offer very low for CASH.