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VIRGINIAN - PILOT.
?BT THE? (VIRGINIAN AND PILOT PUBLISHING , COMPANY. _ NORFOLK VIRGINIAN AND DAILY PILOT ? (Consolidated Muren. 1S93.)_ Entered at the Fostotilco at Norfolk, iVa.. as second-class matter. PFFICE: PILOT BUILDING, U_| CITY HALL AVENUE. norfolk. va._ OFFICERS: A, H. Grandy, President: W. 8. "Wilk? inson, Treasurer; James 13 Allen. Secre? tary. BOARD OF DIRECTORS: A. H. Grandy, L. D. Starke. Jr., T. W. Bhelton. R. W. Shultlce. W. S. Wilkinson, James K. Allen, D. P. Donovan. THREE t'E?TS Vi In Ol" Y. subscription rates: The VIRGINIAN-PILOT is delivered to subscribers by carriers In Norfolk and vicinity, Portsmouth, Berkley. Suffolk. West Norfolk. Newport News, for 10 cents per week, payablo to tho carrier. Bv mall, to any place In the United States, postage frco: ADULT, ouo year ... er,.on ?* - ,lin.tun ... 3.O0 u tbreo noutUi . . 1.30 ** amomoatli . ? - .AO ADVERTISING RATES: Advertise? ments Inserted at the rate of 76 cents a Square, first Insertion; each subsequent Insertion 40 cents, or 60 cents when In? serted Every Other Day. Contractors are not allowed to exceed their space or ad? vertise other than their legitimate busi? ness, except by paying especially for the 6a me. Reading Notices invariably 20 cents per line first insertion. Each subsequent in? sertion 16 cents. No employee of the Vlrgln'an-FIlot Pub? lishing Company Is authorized to contract any obligation In the nnmo of the com? pany, or to make purchases In tho name of the same, except upon orders signed by the PRESIDENT OF THE COMPANY. In order to avoid delnys. on account of persona) absence letters and all commu? nications for Tho VIRGINIAN-PILOT should not bo addressed to any individual connected with tho ofllce, but simply to Tho VIRGINIAN AND PILOT PUB? LISHING COMPANY. TWELVE PAGES THURSDAY", DECEMBER 21, 1899. WHAT ARE THE RESULTS? If the currency bill become the law, It will 1st?MAKE AL.L DEBTS, PUBLIC AND PRIVATE, PAYABLE IN GOLD, OR ITS EQUIVALENT. Now all our debts are payable in coin, or legal-ten? ders, which include coin. In February, 1S95, President Cleveland, In a special message to Congress, stated that he hnd eoid $62,315,435 thirty-year COIN bonds at,4 per cent, a year, which rate, how? ever, the purchasers "had offered to re? duce to 3 per cent., if the bonds were made payable In gold, Instead of coin. Here we.have a practical basis for find? ing the difference between debts con? tracted in coin or currency, and paid in gold; for, as Mr. Cleveland told Con^ gress, the offer for -gold was equal to $530,159 a year on the sum of $02,315,4:15, or $10,174,770 on that sum for the thirty years; and on that basis it is estimated that this currency bill adds $9,000,000 a year to the value of our total outstanding public debt of $1.300,000.000; and If the other Indebtedness of States, counties, cities, citizens. &c, estimated nt a principal of $1S.000,000,000, be en? hanced in value at the same ratio, the bonus to the creditors is not less in value than $125,000,000 a year more. This is a most unjust-and stupendous in? crease of the burden on debtors for the benefit of creditor*;, nnd is an increase of the annunl value of an Indebtedness, public and private, contracted oh a coin basis, by $134,000,000. if made payable in gold, or on the single gold basis,?the creditors themselves furnishing the es? timate 2d.?It will contract the currency al? ready much too small for our area, pop. ulation and multiplied transactions. For, though it does not say so distinct? ly, all currency and money, except gold coin and so-called national bank-noto?>, are to be more or less rapidly with? drawn from circulation, on the pretext of exchange, redemption, or the main? tenance of "parity," and Impounded In the newly created division of the Treas? ury, called "the issue and redemption division," a sort of purgatory for the condemned silver dollars, greenback!?, Treasury notes, &c., amounting to over $1,000,000.000, whence they will "Issue" (under Republican rule) only to fall In? to the melting furnace, or into the flames of final destruction! Thus, nearly one-half of our money and cur? rency will be taken from us by the very act that Increases our debts; and both are to occur when business is demand? ing more money and credit than ever before and when the trusts are enor? mously raising the prices of all ma? terials and productions under their con? trol and monopoly. The gold standard having deprived us of all money save gold coin, nnd nil currency but national bank-notes and subsidiary coin (small silver, nickel, copper and bronze), the govern? ment and people and their affairs fall Into the hands of the banks, bondhold? ers and their trusts; because, 3d.?Under the pretexts of breaking "the endless chain" which has so often depleted the Treasury of gold, and of maintaining "the parity" of our various existing mediums of exchnnge with the eingje gold standard, "the endless chain" is made longer nnd stronger by .making everything payable, exchange able, or redeemable In our gold coin, of ^^^l^^^^^y^^ the Trcnsury $219, tho Secretary of tho Treasury now re? ports, and "parity," or equality, made Impossible by elevating gold to a grand, gloomy and peculiar solitude as the only primary and final money of pay? ment and redemption! All this Is self evident, and the bondholders, banks nnd trusts can, any day sweep the Treasury clean of gold by rushing In silver dollars and silver certificates, or greenbacks and Treasury notes, or ma- j tu red bonds and other non-Interest I bearing obligations of the government I (amounting to $390,651,953.92), besides ] redeemable fractional currency .out? standing to the amount of $100,000,000: the gold coin and bullion in Treasury | subject to raid being only $249,402,511.92. 4tb.?The Treasury thus swept, or me? naced, tbls bill clothes tbe Secretary with discretionary power to Issue bonds ad libitum and increase the interest bearing debt at will, "to protect the gold reserve," which 13 to be now es? tablished by law. Think of It: this tre? mendous power of Issuing bonds be? stowed upon an appointee of the Pres- | Ident. a chief clerk of the Treasury, an1 ex-banker of Chicago; a man by educa? tion nnd practice, as well as Interest, identified with the banks and bondhold? ers, and who^ like all his tribe, holds government and people made for his benefit: to be plucked. The bill Itself makes the Issue of many millions of new bonds necessary; but where will the Issue end, If left to the discretion of banks and the money-trust? Or to their accomplice in the Treasury? 5th.?With all this contraction of money and currency to meet expand? ing Indebtedness and liability, public and private, we are assured that we are now to have an abundance of the best money. But which is It to be: gold coin (the dearest possible money BECAUSE of ITS SCARCITY, and the most costly because of its softness), or paper promises to pay. Issued to us by the banks, who are supplied with it for no? thing by the Treasury and charge us from G to 12 and 20 per cent, a year on usurious mortgages, to use ns our only currency? Mr. Gage, after congratu? lating us on the increase of the gold reserve (small as it Is), says: "Yet urgent appeals for notes and sil? ver certlilcates have been frequently addressed to the Treasury regardless of THE LEGAL INHIBITION OF ADDI? TIONAL ISSUE." But he at once be? comes a bank-touter, and says: "Not as a matter of disposition or I convenience, but of STATUTORY OB? LIGATION, THE TREASURY COULD | GIVE NO FAVORABLE ANSWER. It constantly went to the limit of Its) powers. "There was then, however, and Is I now. a source from which $5 and $101 notes could be provided In abundance, If those to whom the latv gives authori? ty to put them out chose to do so. THE EXISTING NATIONAL BANKS of the United States have the right under their charters to add $345,020,413 to their circulation." And yet this currency bill removes I the tax on their circulation, authorizes | them to Issue the notes given them by our Treasury to the par value of their interest-bearing bonds deposited In the Treasury, awards them the monopoly of our paper currency in the face of their recent treachery to duty, and tor all this exacts only a tax of one-tenth of one per cent, seml-annually on their capital, reserve and profits! The Philistines are upon usl AN OPEN FIELD FOR COMPETITION. In these days of trusts, combinations and monopolies, anything which tends to curb and restrain their power and exactions is welcome to that communi? ty, or people, who are destined to sup? port and maintain them. However sin core and liberal, in its inception, may be the object, or purpose, of these m nop dies', a wise policy suggests that every precaution should be taken and every saf^guaid had to prevent the ul? timate abuse nnd musuas of power by these monopolies, especially where the necessities or great convent neos of life arc at issue. Under our existing laws the surest way to accomplish this end Is to permit, nay, we had almost tald, roster free and unrestricted competi? tion. II is to be hoped, therefore, that the C' undid will accord the electric light companies now seeking an entrance Into tho c.ty of,Norf lk for the purpose of supplying lights to the individual citizen, permission to do so. No valid reason, it Is believed, can be assigned ngalnst granting these companies the privilege requested by them, which is nut fur more than offset by the bene? fit which will result to the proplc when these companies are admitted Into the Held of competition. It is true that the profits of the e mpan os may not bo so large as th y have heretofore been, but the people will be tho gainers. By admitting these companies, rind giving them the privilege of supplying lights to the citizens of Norfolk, a stimulating rlytflry and competition will be ereated where only a monoply now exists; a monopoly which has only re? cently demonstrated its strength and power. For several years pnst, we have seen the city of Norfolk pay the annual rent of $s:?.00 per light for Its street lights; but this year, under the in? fluence of competition, this annual rate has been reduced to $0S.Oi) per light, of a similar kind ns that for which the city formerly paid $S5.00. As this 'a true wherd the city's lights are concerned, the same result will follow to the in? dividual consumer when he nlso baa the opportunity to avail himself of the benefits of com pet tl.n; for no one sup? poses that lights would he as high as they arc, In price, for our stores, offices and residences were other companies ?B/th0 Ileld r??dy to supply, llehts to - ?-TV,, persons desiring the. same. Again, it should be com-ldered- that the udvent of these new companies means the bring? ing Into our city of a large amount of capital; the furnishing of work to our laboring classes, and an Increase in the taxable value of the city's proper? ty and in Its. revenue. It would seem, then, that not only our citizens, but the city Itself, -will be directly bene? fited, if the Councils do their duty and admit these new competitors. This pa -per has no favorites: it care3 no more for one company than another; but it has the Interest and welfare of this city and her people at heart, and has ever been in favor of competition as against monopoly. It may be urged that there are now too many overhead- wires, and that the introduction by the new companies of their wires will mage a network of overhead wires?granted; for the w'lres now overhanging our streets are a dis? grace to the city?but the answer to all this is, that In the congested, or busi? ness part of the town, all companies owning and operating wires overhead, should be compelled to place the same underground; and If the Councils, un? der the city charter, have not the power to compel existing companies to place their wires underground, then they should Immediately call upon their rep? resentatives In the General Assembly to have an act passed empowering the city to require such companies to go underground with all their wires in the business or congested section of the city. Such a power does not impair ex? isting franchises, but merely, as a po? lice regulation, regulates the mode of enjoying the same, to the end that a due and proper regard may be had for the* rights of the public, and that an intolerable nuisance be abolished. If there wires be put under ground, not only will the beauty ot our streets be very much Improved for the better, but a menace to our very lives will be re? moved. Of course, the Councils should require of these new companies goed and suffi? cient bonds. Insuring the bona fides of their intention to really establish a plant and conduct business in this city. "VIRGINIA." "Whether or not this State shall be fitly and honorably remembered In the naming of any ship of the American Navy she Is so well taking part in con? structing, and to whose brilliant his? tory she has so conspicuously contri? buted in so many heroes and scientists, the Virginian-Pilot docs not think It becomes us, In advance of courtesies from the government, to repel them by a sullen sense of former neglect, or a proud disdain of recognition from quar? ters that have previously sought to ig? nore us. In such concerns ot comity, un? graciousness on either side is very bad form; and so long as "the powers that be" do not Injure or insult us inten? tionally, or declared purpose, or by n course, or manner, that Implies such purpose, It Is our cue to see nothing improper In what Is done or left un? done, and to be ready to accept any attention or courtesy that is offered In good faith as a compliment to the State, or her people, even if it be tendered merely as a concession to good policy or good taste, nnd not as a sincere tri? bute to the Commonwealth or any part of her citizens. For these reasons we regret that any discussion has arisen as to the naming of any naval vessel, battle-ship, or cruiser, or gunboat, "Virginia," We know Virginia's deserts without obtrud? ing them on attention, or arguing them, or allowing pat'tlzanry to have any voice as to how and by whom she shall be honored for a record of glory and patriotism that far transends mere con? siderations of section and party. LET THE PEOPLE RULE. If the Vlrglnlan-Pilot had the con? stitutional power to amend the con stitution of Virginia, or to make a now one, it would fashion a very differ? ent instrument. In various particulars, from the present one. It is for thai very reason, however, that It opposes the handing o.ver of that great charter of our rights, powers and privileges to any man, or set of men, as an agency, or proxy, or attorney, with unlimited authority to reshanc it. It Is creating a supreme trust In our State and common affairs, confiding unlimited powers to it, and consti? tuting an Imperium? In imperlo wholly unnecessary nnd full of danger, tiiken from the report of Stnte Secre Nothlng less than the whole people should be entrusted with the sover? eignty of the Commonwealth; and the more important the . matters may be to be adjusted anew, the more Im? perative is the dictate of wisdom and. self-protection to reserve them sacred? ly and securely to .the Judgment and consent of all the people as a self governing body. A State constitution is fundamental In Its sphere; and that once estab? lished, it should not be allowed to be touched except by the people; for it Is thus only that under this fixed guidance can the detnll3 of legislation and administration be safely left by tho people to our representatives in any department ot pxibllc rule. This is common sense, ns well as the high? est philosophy of human government. NOT Ks AM? OPI.?JONS. (Roanoke Evening World.) It might not bo a bad Idea for Dele? gate'Whl'tohead to offer a bill reviving and gossips, as he is charhplohlng one to acid to the punishment of the man who beats his wife. (Petersburg Progress.) Did the currency, bill, which passed the House of Representatives the other day. have anything to do,with the big failures und the embryo panic In New York Monday? '. (Chicago News.) "Vicarious sacrifice" seems to bo the order of tho day In the South African war. The Scotch and Irish regiments have suffered most of all the British troops, while the German and Scandi? navian contingents have been the heaviest losers on the Boer Bide. (Staunton News.) VWhen the war with the British and the Dutch began there were great eagerness and rivalry among Canadians to get into it and help out the. mother country. Possibly they are still as' eager, but we see no indications of It In the public prints. Apparently the British reverses have had a quieting effect on our cousins across the border. COMMENDATION. A LETTER FROM CONGRESSMAN JOHN LAMB. House of Representatives U. S., ) Washington, D. C, Dec. 20, 1S99.) Editor Norfolk Virginian-Pilot: My Dear Sir?I desire to thank you for putting my name on' your mailing list, and also congratulate you on your editorials. Those on this miserable and mis chevlous bank bill are very fine. Some of the points you make this morning are referred to and commented on In a short speech I made here the 15th inst., and published In Record to-day. The money power are PRESSING DOWN THE POISONOUS arrow on OUR FLESH. Tho GREAT MAN does not try to help the poor. How long will the poor man love tho great? Yours truly, JOHN LAMB, Third District. Millinery at Greatly . To-morrow we begin selling all our HATS, trimmed and untrimmed, Feathers, Velvets, Ribbons, etc., at big reduc? tions, Because our season Is nearly at an end, and wo Tvar.t to dispose of all Winter Goods. We have quito a largo assort? ment of Doll Hats. Mrs. P. Ries, 162 Church Street. Handsome Lace Cuit/iins Such as we are selling are bound to recommend themselves to those who rec? ognize good quality when they see It Tho curtains wo are offering now are just in nnd are the kind ih.it wear fo: several seasons, and art; honest bargain.-, at the prieo we ask. Call and seo them. L. H. Whitehurst, 336 MAIN STREET. We Can Help You. Are you still undecided ?about what to buy as an Xmas remembrance for your hus? band, brother, or?shall we say, sweetheart? Give something both at? tractive and serviceable and it is sure to be appreciated. One of the articles men? tioned below will be sugges? tive for the occasion: NOBBY NECKWEAR In all the desir? able shapes, 50c. to SI.Oft. KID GLOVES?dressed and undressed, lined and unliucd, $1.00, $1 .CO and S2.tw per pair. SUSPENDERS?25c. to S2.T.0 per pair. The latest, of course, arc silver mount? ed UMBRELLAS?$1.00 to $0.00, with the nobbiest handles ever shewn In Norfolk FANCY SILK AND WORSTED VESTS ?s'flgle and double-breasted, $4.00 to SC.OO CARDIGAN JACKETS?$1.25 to $1.00. SWEATERS?$1.00 to $;',.uo. Remember we have the agency for Steln-Rloch tailor-made Clothes for Nor? folk and vicinity. DREWREY'S 317 MAIN STREET. Removal N?tice. Remember you have only two moro weeks In which to get the advantage of our cut prices. Wo will have to shut down on tho 29th to move. Will bo open all day Christmas day. B, S. CAtVaPBELL, S40-S? MAIN STREET, After January 1st, 26S-270 Main street, over Vlckory'e book store. .; jo.o2-Vj.tb,?u-2m. It's Wonderful How Quickly Deaf? ness Improves under Pneumo Massage. A prominent Ohurch street merchant tells how IT CURED HIM OP CA? TARRH AND DEAFNESS. , "Iieingr a constant smoKer jl was trouoied badly with CATARRH OP 'IKE NOSE AND THROAT. WHICH CAUSED MY BREATH TO SMELL VERY BADLY and NOSE ALWAYS STOPPED, up so that t could hardly breathe and when sleeping would choke. In the morning I awoke with A BIT? TER TASTE. IN MY MOUTH. I WAS ALL THE TIME HAWKING AND SPIT? ING! I did nothing for the CATARRH UNTIL MY HEARING BECAME AF? FECTED In my left ear. I COULD HEAR NOTHING WITH IT WHEN USING THE PHONE. Several of my omployee3 having been cured by DR. F1REY I consulted him and after several months treatment I FIND MYSELF EN? TIRELY WELL AND MY HEARING AS GOOD AS EVER, A. A. STOLTZ. Member of firm of R. H. Stollz & Co,. Furniture Dealers. No. 432 Church street. Has offices 1 and ! No. 314 Main street. Norfolk. Va. Specialties: Catarrh and sJ! diseases of Eye, Ear, Nose. Throat, Chest and Stomach. Hours. 9 a. m. to 12:30 p. m.: 2 p. m. to 6:30 Pi in. Sunday Hours, 10:30 a. m. to 12:30 p. m. Tuesday night and Thursday night 7:45 p. m. to 8:15 p. m. Consultation always free. Medicines furnished. Terms always moderate. Eyes examined for glasses free of charge. Pocket Books, Card Cases, Letter Cases, Bill Rolls, Cigar Cases, Cigarrette Cases, Bill Books, R.R, Pass Cases, Toilet Cases, Collar & Cuff Boxes, Writing Tablets, Music Rolls, Manicure Sets, Comb & Brush Cases, Shaving Cases, H'cTk & Glove Sets, Work Boxes, fiecktie Cases, TRUNKS, loifldft nil Factory, 172 Church St., near Main. ; v ? - ?.-. . , .. ... . . The only exoluslve Trunk and Leather Goods Store in the, CU%i AND? Men's Outfitters Fine Overcoats for Men. There; are men who j} would hardly believe that Overcoats of a character as high as these we.tell of could be found ready made. The elegant stuffs, the careful, artistic tailor? ing, the dignified stylish? ness wo?ld only be ex? pected from your favorite tailor. But there are men who like elegant clothing, who prefer to try on var? ious finished garments be? fore deciding on any one, and so there was need of this fine gathering ? a gathering not matched in any other Norfolk store. This descriptive word of them: At $50 Overcoats of genuine Sedan Mon tagnac, sumptuously lined through? out with extra heavy satlu. A full $75 value. At $40 Overcoats of Dine, Black or Ox? ford Patent Beaver. Some have edges finished with velvet, 'also eat In lined. A regular $50 garment. At $30 Overcoats of genuine Carr Melton or London Kersey, In Blue or Black; full silk or satin lined, with an Interlining of wool. They art worth $10 more. At $25 The stylish full-bark Overcoats of Oxford Bibbed Cheviot?a stylo that tho swell dresser will appre? ciate. Of course, other coats, too, at the same prices, and at other prices. From %\$ up?swell Paddocks. At $15, #12 and #10 we have wonderfully good Overcoats. Judge us by them. House Coats for Men. Wo are busier than ever at House Coat selling, which is but the nat? ural recompense for the care we gave to getting tho stock together. S.me wo bought from London. But, no matter where they came from, tho prices are fair?really low. So muoh for the collection as a whole. Most excellent sorts at $6. M to $12. Light in weight,' but warm, comfortable, yet dressy are these House Coots of soft double faced cloths with plain faces and handsome plaid backs that make a bricht contrast for tho collar and cuffs. Somo of the coats are satin bound, others aro bound with cloth. Best of all, they are tailor made?"and flt.Wonderfui difference between a baggy and a well-shaped House Coat. Seo it in these. Tho air of luxury doubles their glvea bles. Othor Smoking Jackets as low as $4 and as high as $30. Lounging Gowns and Bath Hobes range In prlco from $3.50 to $25. Agents for Celebrated KNOX HATS. FEREBEE, JONES & C0.,| Cor. Main & Commerce Sts.