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RELATIONS OF MONEY.
The value of money it? Its relation to tommodltlcs anil other forms of prop? erty with which it Is composed, and ns this relation is constantly changing and is never llxed, congress cannot tlx it. It can only "regulate" the value of money. How does congress regulato the value of money .' By making of it a scale or standard. In the denomina? tion or unit of which, and its multi? ples and tractions, all values arc ex? pressed, precisely as the weight and di rftenslons of objects are expressed In terms of the standard of weights and measures. This was d ine by the twen? tieth section pf. the act of lTtK!, which organized our monetary system, and Which reads an follows: "And be it further enacted, that the money of account of the United States shall be expressed In dollars or units, dimes or tenths, cents or hundredths, land mllles or thousandths; a dime be? ing the tenth part of a dollar, a cent the hundredth part of a dollar, a mille the thousandth part of a dollar; and that all accounts In public offlces and nil proceedings in the courts of the United States shall be kept and had In conformity to this regulation." That Is, this regulation of the value tit money. The unit of this scale is the dollar, and all values are expressed In the terms of this unit, Its multiples hud fractions, and for this reason it Is called the unit'of value. This Is In exact accord with M. tVrnusehi's dell nltlon of money, where he pays: ".Money Is a value created by law, to be a scale of valuation, and a valid tender for payments-" The correct? ness of this deflnation Is illustrated by the monetary system of all money using countries. We see, then, that money, and hot the material of which It Is made. Is the standard of value. The words "single standard" ami "double standard" do not Involve the Idea of a single measure and a double measure. Value, like ratio, Is a rela? tion, and cannot be measured: it is expressed, "Standard, in coinage laws," nays Cernuschi, ""is the metal Selected for full monetary use. If one metal Is selected, the standard Is single: if two metals are selected, the standard Is double." Though, where the primary 'money of n country is restricted to that which can be made from gold alone, thrrt?country can he sntrl?lu be on the gold standard, and Its unit of m mey the quantity of gold In which that unit 1? embodied. Bimetallism, or the dou? ble standard, ii les not require the eon current circulation of the coin struck from both metals, or tluit the coins struck from one of the metals should be the exact equivalent In value or purchasing power of the coins struck from the other metal. The monetary system of a country is bimetallic when i:? lawn provide for the unrestricted coinage of both metals upon a pre? scribed ratio, and the unrestricted use of the coins struck from both of them for monetary purposes, without regard to their relative quantity In the cur? rency. In the monetary conference convened In Paris In 1*17. Mr. Buggies, our delegate to the Conference?contend? ed that this country did not coin silver and was practically on the gold stand? ard. The president of the conference Interrupted him, saying, In effect, that the United Slates could hot be on the gold standard so long as Its laws pro? vided for coining both metals upon a ratio of 1 to 16, and M. Sacohi remark? ed: "The United States could not be Haid to be mi the goltl standard any i more than Prance, until a law was [passed prohibiting the coinage of ?II ? ver." This led to the passage of that "baleful measure of lsTIl, which was smuggled through congress, and was unwittingly signed by the president. The value of til,' mctnls is their rota? tion to each other. During the greater portion of the time from ITa'j to 1834 silver predominated In our currency, because upon our ratio of i to 15, llf tccn pounds of silver were equivalent to one pound of gold, while upon the French <>r European ratio of I to 15V* fifteen ami a half p Hinds of silver were equivalent to one pound of gold. Sil? ver, therefore, came to this country, and gold went to Europe. In ls;:4 we changed our ratio to i ?,> p;. one-half n point on the other side of the French or European ratio, and as a gfven quantity of silver would exchange for more gold upon the French ratio, it went t.i Europe and gold came to this country and predominated In our cur? rency down to 1ST:;, when the coinage of silver was suspended. Vet during the whole of-rhV! time, frmn irns <,> 3S7:i. our monetary system was bime? tallic. The aim of the. hlmclnllists is not so much to secure the concurrent circulation of the metals as-to restore the bimetallic principle to our mone? tary system. What great benefit or advantage will result from the re-c<s tabllshment of this principle in our monetary system? An eminent econ? omist has said: "The office of money is to utre property to market." Under the operation of the bimetallic prin? ciple one of the metals keeps down the charge whic h the oilier makes for ren? dering (his service, by Itself standing ready to perform it. The operation of the two metals in our monetary sys? tem is analogous to tip. operation of railway and waterway syst.ins in tili? transportation of merchandise. HENRY (i. MIELER. Viry Import im? Meeting April IK, Ii. The hundreds of Norlhorn settlers at Southern Pines, N. C, have issued two letters of Importance; one to their friends, manufacturers ami business nu n North, and one to the business men of the South. Southern Pines, N". C, Is one of the best known places in the Southern States, but probably it is not generally understood, even among our people South; that this thriving progressive little cit>? ainid the long leaf pines, was built by Northern men and capital Hundreds of persons of the Northern States have gone lu re and permanent? ly located, until they have a. real live Yankee city in tho "Old North State." Among Hie .settler.- at S "Uth?rn Pines, are banker:', lawyers, doctors, minis? ters, merchants, manufacturers, fruit growers, farmer:: and persons of nil callings of life, and out of the entire population Hier.? are not exceeding one hundred and fifty Southern horn peo? ple, but the Northern settlers welcome nil who go there, whether Southerner or Northerner. There is no sectional feel? ing among the p onle in that id.ire. These people from the North have In? vested so much capital and made so many Improvements; that the taxes they usually pay, i!ieeIS one-sixth <>f the entire county, state, school and all other taxes of Moore county, in which they are located. They have built elec? tric light plants, (there being two sepa? rate plants In the place for electric lighting), an electric car line six miles long, and In fact they have nearly eve? rything that is modern and up-tO-tlate. These people have come South and cast their lot among Southern people, and that they have succeeded and arc well At our stores you do not have to pay for your experience in purchase of Shoes. Your interests aie protected by us even more than 'tis possible for you yourselves to do. No Shoe or Slipper is allowed to find its way into our shelves until we arc cer? tain beyond question that the purchaser, be it man or woman that buys them, will henceforth be a friend and patron of our store, where the largest stock of seasonable Shoes can be found AT A SAVING OF 33 GENTS ON EVERY DOLLAR! For Ladies. Fine Vici Kid Oxford Ties, in wide and medium shapes, at S1.50. As good as \ ihi pay S"2 for else? where. Every pair warranted. For Gentlemen-! For Children,. Men's Vici Kid Shoes, in Mack j Misses' Patent Leather, Cloth or tan, lace or congress. They are Top, Lace or Button Shoes. They lis;lit and wear well, at | are proper for Spring wear, at $2 A RAIR. Our line of Natty $3 Shoes for men's wear have no equal in the S1.50, Dress Shoes for Boys, size 2'J, in Fan, Black and Patent Leather, at $2.00 Vici Kid and Calf Skin. They are such a shoe that you could not buy for $2.50 at other stores. Misses Tan and Black Spring Heel Shoes, good wearers and dressy, at city for less than S-l. They come Hand-made Ties, with thick or thin soles, in nobby Bull Dog and Hobs >n shapes, also the Coin toe, kid or patent tips, as good, if not I in Patent Leather, Vici Kid, Box better, than others' ?2.?o ties, at Calf and Russian Call, hand sewed ! They are big values. $2 A RAIR. Ladies' Patent Leather High in the "Queen Quality," in the new shapes, at S3 A RAIR. None better made. All Patent Leather Bluchers for Men, "The New Thing," S3.50. They are full of style and right up to date. $1.25 A RAIR. They look like $2 Shoes. DOn FOHOET FaiDRY OUR Bjfflll DflY FOB PUNT SHOES _ ct5 CO CO ?< EE : b ased, is evidenced from two letters published below. In which they not only show thai they arc well pleased with Ihc South and the Southern people, but their investments have been protltable nnd that they want their friends In the North to come down and moot the busi? ness men of the South and to ieurn fnrrn them tiie~nTt\aiiitiite.,?rrrnt euuli seel ion has to offer. Such U spirit on the part of these people is to be commended by all loyal Rout horrors, who have a de? sire to see ihc South built up. Southern people have no animosity toward Northern people. The South staked its cause with Lee, Jackson und Johnson, and when ihey and the brave men who went to battle with ilr-in did all that hitman i eines could to make u success of the Southern Confederacy, and when they said wo are overpowered, you have us at your mercy, we surrender, we cannot afford to sacrifice the lives of the bravo men left, the Southern peo ple were satisfied to abide In good faith by Hie decision of their beloved Lee and bin men. ami the record of thirty odd years goes to prove that people of the South were loyal to their word, nnd during the past twelve months, when the foreign foe had to be met. there was no hesitation on the part of the Soul horn boys. They marched to the front nnd amid the fiercest of the bat? tle was the gallant old .loo Wheeler, one of tin' Confederate loaders who had in the sixties mot Sherman's army on many occasions during his march from Atlanta to the sea. and although sick, nigh unto death, General Wheeler or? dered his men to carry him to the front at Santiago, and there he stayed until the battle was fought and the vic? tory won for the Stars and Stripes. It was the gallant young officer. Worth Bogley, of North Carolina, who gave up the !!rsi life for the Union, nnd it was the brave young Hobson, of Ala? bama. wh'< led the little band of heroes Into the very Jaws of death, that vic? tory might come to the Union's cause. To-di v there is truly no North, no South, no Ki--t. up West, but in fact a Union of St? I es. and when the people of Southern Pines; N. <'.. the Yankee city of the South, through Its official head, the Mayor and its husln ss or? ganization, the Board of Trade, pro? claim to th<-> world that Southern in? vestments are nor only safe, but more profitable thftn in the North or else where and Invites their; Northern breth? ren to come Sou'h nnd meet Southern business men nnd learn tTio r-^al truth to the Southern people by meetlhn em face to face, thev are simply do. :n;r Hie South n justice that should have been ib.no years ago. by the men of the North; but nothing that i? good Is too late: good news is welcome a! any time, und though this Justice to the South I? Into. \vt we are no less Cr.aiofu! and Indebted to the Northern residents of Southern Pines. D > yniir glasses suit you? If not. s?? Dr. Week, 310 Main street. JUST RECEIVED! NOW OPENED FOR INSPECTION. -A NEW LINE OF- _ REFRIGERATORS and ICE BOXES ALL SIZES AND PRICES. A NEW LINE OF BABY CARRIAGES AND GO-CARTS ! ? i ATEST DESIGNS_ A NEW LINE OF HATTINGS ! Pretty patterns, Low Prices, and every yard laid free of charge. IROM BEDS ?ND CRIBS T New assortment, new styles. We have them fitted with the great National Spring at :he very lowest possible prices foi such good articles. Everything Required for Housekeeping ! SOLD ON EASY TERMS. <VCHSH OR CREDIT,^ The Pioneer Installment House,. 319 and 321 Church Street. EVERYTHING NEW AND SPRING LIKE. Exactly what you need, and what you want for your home: Mattings, Window Curtains and Shade, Endless Variety, Bedroom Suits, Sideboards, Refrigerators, Gasoline Stoves and Ranges, GO-OARTS FROM $2.50 UPWARDS, Baby Garriaoes, the Largest Assortment in tlie Gltij. Now do not stay away from my store if you have or have not a bank account or a row ot brtCK houses, our prices, goods and terms will suit you. D. L?FFLEH, 426 to 4*28 Church St. :iV Ones^tio?? Why do the People Crowd into the 192 CHURCH STREET. The Answer is That their prices arc so low that none can compete with them. For an instance, look what they offer for Monday. Remember, your money is given back if purchase is not satisfactory. SPECIALS FOR MONDAY. SPECIAL N*0. 1. 25c. Child's sin w.-nnet. made of the best cal ??? i and ginghams Mon? day price .. .. SPECIAL, no. 2. c. Ladles' i: bbed Vests, bleached and fancy > lor*, taped neck. Mon? day price .-t'.l.e. SPECIAL NO 3. I5c. Blenched Turkish Towels, extra heavy. Moi rt iy pr.vo.Bjfec. SPECIAL NO. I. 25c. Child's All-over Ernbroldercd Laco Caps. Monday price. ljc. SPECIAIj NO. 5. 25c. I-adies' Black Richelieu Drop Stitch Llrtc Tli rend; no seams. Monday price.13^ic. SPECIAL NO. tf. $.;.'<> ladles' Fancy Cloth Dress Skirts, with placket buttoned. Monday price ......_..ji.rp I'KVIAI. Ni ?. :. Child's La o Caps, In tucks, curd? ed und all-over embroidery; Mon? day price . 21c SPECIAL NO. 8. i.V. Roses, coi ^istinjr of a rose bud and foHago on a hunch. Monday price. v:.?. SPECLVL NO. !>. Just received another lot, consisting of large roses, 3 buds and foliage on a bunch. Monday price.12'je LOT NO. 10. >c Embrold ry. Monday price... Far'-:: v. Monday pri-e . :i.V. Kinuro 'ii ry. Monday price.. SPECIAL No. II. 20c. Ladies, Corset Covers, prlca . Monday SPECIAL NO. 12. VM\ Lad!cs' Chemise Embroidered Kr?nt!*, and made In perfect man? ner. Monday prlco . ?mall SPECIAL NO. 13. o. Ladies' Muslin Drawers: lot; ?'.>ir..- early. Monday price. SPECIAL No. nr" ic. 1 .idles* Night Gowns: extra lonsr tin.l wide, ? mbroldered and tuck fronts Monday_pri.e. PBCLM Th 43c NO. 15. 6 following prices on Trimmed Hats < for .Monday only: Monday Price. ' $2.7.". Trimmed II its.Si..":> 3.50 Trimmed Hats. 1.93 4.7.", Tr mm.\l lln's. 6 50 Trimm j Hats. 3M SPECIAL NO. 10. 3C-e. Ladies' and Men's Fancy CS >lf Hose. MonUay prlco .I2i?c. SPECIAL NO. 17. lie. Men's Fancy Bordered Herrin stitched llandkerohlefs, warranted fasi. colors._Monday price.????!'..c. SPEOIAlT'NO. is. 7:>e. Mcn'a Percale Cheviot. Madras Shirts, with 2 detachable collars. Monday price . 2-V. 8PECI XiTNO. 19. We sell Monday " lots of l.adl Trimm? .1 Sailor Hats latest styli Monday Price, Ladies' Sailor Hat*.Sic. >. toadies' Bailor Hat*.330. ?. Ladles' Sailor Hat?.Fl". ?. Child's Hntrimnv l I., ??>>:??> 1 i.i; -.'.I.-. ?KClAt, NO. 20. Monday Price. Pins good (iuallty.lc. a paper Sli U Oil t ioth.I'.e. a yard s. Curl'ng irons.3<i. each .-. Dress .Shields:.I'. ', a pair . Thimble.lc. each. . S' ( ? omiKs.?I'..'-'- a p.iir . Tooth Brush.Sc. each a. Indies" Card CiVSOa.9%o. each . Fine Comb.2';.'. . Collar Buttons.2o; d.z. . Ladies Bordered Handkorchlefs, .Siie. each .-. Men'- Ka-t Black Box...'lite a. pair c; Feather Stitched Braid.lc. each ia Safety Pins ' irge and .small. i$sc. dos v*. Hoys'' Silk Windsor Ties.Slfic. each Baltimore Bargain Palace, 192 Church Street. Lawrence ?fc Welten. w> will \ on next Wednesday, April iL', r ? ?fter the cheapest lot of silk., f ever placed before the shopping r f public oi' (Iiis city. In t'.i.t. of f; tiny city?quality anil stylt? con- I f aldercd. 1'lif price will bo an- V nounccd in this paper Tuesday ' morning. Tlioy uro on exlilbl- \ i tion In our 12ns t Window?also \ in the store. Lawrence & Wei- '? ? eon, 218 Main street. J, . . . v . . ^ ^ ? . . ? AMES, BROWNLEY & HORNTHAL, THE flONTlCELLO CORNER. Unprecedented Values this Week I BLACK GOODS I BLACK GOODS I Not the class ol' goods merchants are often forced to sell [at a price or not at all. as we have no! been in business suffi? ciently long for an accumulation of this sort, but they will strike you as being correct values at the original prices. styles 44-inch neat figures, all wool, original value 60c. I now 39c. . 4 styles 42-inch neat figures mohair and wool, original : value 7^". now 55c. > styles J'6-inch neat figures, all w ool, on' inal value 50c now 33c. ... ' 1 piece 52-inch diagonal cheviot, all w ool, original value $1.00 now 60c. l piece 50-inch diagonal ser^e mahair and w oo!, original value $1.00 now- 69c. 1 piece 42-inch crepon, original valui $1.00 now 69c. 4 pieces black ground brocade silks, with neat small col? ored figures, original value 85c. now 59c. FOULARD SILKS ! FOULARD SILKS ! great variety, latest styles, newest colorings 75c and $1. AMES. BROWfCEY & HORNTHAL. Mow is the Tim* to place your orders for WALL PAPERING ?AND? INTERIOR DECORATIONS, Our motto is "the lowest prices consistent with superior workmanship." We are also taking orders for SHIP COVERS, AWNINGS, SHADES, UPHOLSTERING. Samples and Estimates Fur? nished Free. Unisf aat e r-mger s Co., ) and 232 MAIN STREET. Aua Kear of 222. 221, 226, 22S 230, 222, 221, 23t), 2?3. NEW ARRIVAL ?OF? DRY GOODS T Blafek Grenadines In all stylos: dents' 1 n Su tines, New Organdies and H;i , New Percales and Madrasse, IV ouey, Whlta and Printed Linen I^awns. Long Cloths and India. IJtVons at a bar? gain. Table Damasks, Napkins, Doylies. Tray Cloths, Flcli Nainsooks. English Persian Mulls, Masalla, etc. These sooils are selling rapidly. 3.000 yards In the newest iiattcrn^-and designs ? f Lawns, worth lStyc.. to bo ottered at only lOe. per yard. You can sccuro bar-' gains by coming promptly. C. E. JENKINS, NEW STORE, WONT1CELLO HOTEL. ALL STEEL We can erect for you com? plete Wind Mill i|itl including Well Tanks, Steel Towers and Mills. Get our prices. Remember we have Poultry Supplies. ?orfolk Farm Supply Co. 38 and 40 Union St.; GEO. B. TODD^Manager. Mfkk> DR* ?NH? GIEfilN 1 ReststireJ Physlciu Private sanitarium of high repute. Vt^ fta.de compound tor female complaints. tl.OO. L.illy Whit* KeguUtlvo P:ils| ?. Wives without ehtf. dren consult rr.ts P'At E. Baltimof* au, Luttlinorc. MJ.