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Newspaper Page Text
' srWv, ..rtii .8t " I' VOLUME xxxn BRENHAM, TEXAS, THURSDAY, JANUARY 14,, 1897. NUMBER 2 JLlxik li jlI JjjJH; i U :. I?. IK tr w THE SYSTEM RESPONSIBLE. The Granbury News claimB that observant people are not disposed to attribute the long list of bank and business failures to short crops or injudicious legislation. McKinley's election has had little to do with the matter, neither would it have been better or worse had Bryan been elected. The panic, if you may so same it, is simply the result of our businessfiystem. The credit system the debtmaking system of the present day. In almost every instance of a lint failure, it will be found that the officials of the banks have either Borrowed the money or loaned it to others for speculative purposes. If the speculation proves a success, the bank is well paid: but in case of loss the bank either loses or ati tempts to regain the loss by further loans. Finally the crash comes, de positors lose their money, confidence is shaken, and in a few instances those who have robbed the bank end the matter by blowing out their brains. This is Ihe history of bank failures everywhere. Our mercantile system is even in worse condition. . Credit would be all right, if all purchasers expected to pay their bill", even though it made prices a little higher to con sumers. But- too many buy goods -with no intention of paying for them. For instance, A. and B. are retail merchants, both buying from the same wholesale house at. the' same prices. A expects to pay for his goods, hence places a fair profit on ihem. B does not intend to pay; bonce cuts prices to about cost, disposes of all he can for cash, puts the money in his pocket', borrows from the banks and when pay day comes files a deed of trust, securing the blk and a few others, leaving many of those who sold him goods entirely out The goods are placed on sale, at bankrupt prices, thus demoralizing the legitmate business man who expectB to pay his bills. This is no fancy picture, but one seen every day. A may be able to pull through and pay his bills, but "he has no profit on bis investment orxemuneration for his labor. It thus often occurs that an honest merchant is forced to the wall, but a big majority of the commercial failures are nothing more than gilded steals. Business m6n know this, and it is the general talk. It is demoralizing all legitimate busi ness and tho present shaking up will only result in good if the lesson is properly learned. The present Bystem of credit must go and in its stead we. must have either a cash dealing or a system of credits with rood collateral, such as is required by our best banks. 'x '" ' k 4 . Harrison Dry Goods Company, We will offer our entire Stock of Iat EXTRAORDINARY LOW PRICE! ' '4$ffi,ss't?u-',V'' vr 'ii i ; Special Bargains in Shoes, ' -Special Bargains in Dry Goods, Special bargains in Clothing, . Special Bargains in Dress Goods. "Thebe is a man in Tarrant county ' vho always pays for his paper in advance. He never has been sick a day in his life, never, had "any corns or toothache, his potatoes never rot, the weevil never kills his corn or beans, his babies never cry at night and his wifa never soolds, says an exchange, and when he dies he will get a pass to the New Jerusalem. F S i We want to dispose of the present stock before our NEW GOODS for the coming seaspn -... i --- - begins to arrive, and to effect quiSl: jalesr we havfevj decided not to consider the ? cost, but to let goods go for what they will bring'; this presets to the purchaser an opportunity npt offered before. i'.'C iSfr: vr- 'if. 3 3 St 3 ?3S Our Stock for the coming Season will include all the new things for the New Year and no pains will be spared to secure for our pat rons the Best Goods for the least money. We have a lot of suits for Boys' and Men, also a few dozen over coats,? which we are very anxious to dispose of, and to sell quick we will offer very low. 5?! 3. In our Shoe Department we have la big lot of odd sizes, which will be sold below cost. What we mean by odd sizes is that some lots have only 2, 4, .5 and 7's, while others have- S, ' 4 and 6's, and so on. In Dress Goods. Here's is where you can pick out some good things1 at prices to suit your self, even trimmings and linings included in this cut price offer. Ready Made Skirts. We have 5 doz. ready made skirts which were shipped too late to reach us for the holiday trade, these too are offered at special bargains. Insist Upon having just what yon call for when you go to buy Hood's Sarsaparilla. There is no substitute for Hood's. It is an in sult to your intelligence to try to Bell yoa something else. "Bemember that all efforts to induce yon to bay an articl yon do not want, ore based simply . upon the desire to secure more profit. Tho dealer or clerk who does this cares noth ing for your welfare. He simply -wata your money. Do not permit yourself to fee deceived. Insist upon having i Of OB B B Hoods . Sarsaparilla -v fo THE HARBISON DRY GOODS COMPANY. WHOLESALE , JL-JSTD JRETAIZ. f I v IT The gold output of the Black Hills in 189G -was S12,000,000. Theee ia some talk of adopting liquid fuel on American war-ships. jAad only IIooJ'i. Jt It tho.Onq True Blood Partner. 4j- r 5r The "tariff hearings" are said to be becoming devilish interesting to "goldbug boltocrats." The gold-output of Colorado for 1896 was $19,500,000. The', silver, reduction LwaH? 31G.250.000. and. Hood's Pills ZSr, r";" 3,m82. easy to operate. 25c ' Br granting autonomy Spain might possibly be enabled to hold Cuba, but she can never hope to succeed by pursuing any other course. A new silver concentrating process has been found by which silver can be produced at a much lower price than.at present and a good many silver mines.are preparing to start "aTj "i " up in consequence. Immense quantities of cotton are now being shippod from San Fran cisco to China and Japan, there to be worked up into cloth. This de mand is increasing very rapidly. The New York World Bays the sugar trust, is forcing tho fight on the Arbuckles in away that suggests what an honest attorney- general could do by putting the-same spirit of earnestness behind the enforce ment of the laws. . (' BURGLARY AND THEFT. William Webster Charged With looting a Shoe Shop and Stealing a Horse. The examining trial of William Webster, colored, charged with "the theft of a horse from Mr. G. P. Burke, on Dec. 27th, was held Mon day evening by Justice Ewing, and resulted in the defendant being held in $500 bond .to await the action, of the grand jury. ' Webster sold the horse to Morgsn Leak, colored .of Chappell Hill, for $25.'' Webster is also charged with burglarizing the shcq shop of C. & D. Neves at Chap pell Hill, his bond in that case be ing set.at $300. Not being able to furnish the required bail, he was re rdanded to the custody of the sheriff. Hon., Nelson Dingle? declares that, he, is not to be the secretary of the. treasury in MoKinley's cabinet. He ddesn't seem to be in search of. pie', as strange as -it may "appear.; a :