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The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, October 07, 1897, Image 1

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn87096037/1897-10-07/ed-1/seq-1/

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Established 1882.
Full line of
Wilson's Air Tight Heaters,
3. P. HcMlllON.
Drums made to order.
A complete line of
New Deal, and
Tin Shop In Connection. Repairing.
Reai Estate, Collections, Insurance.
Wc represent some of the best Insurance
companies in the United States. We have
Money to Loan mi "mil*
•dfciw -s Improved Farms!
INTEREST 7, 3, 9 and 10 PER CENT.
Partial paynaeats accepted..
At any time before expiration ot loan.
Farms for -nl" ^n
On parties own terms—good rich lands.
HOPE Steele County, N. Dak.
Prosperous and Happy.'
Here's one of our customers. He has bought lumber from us ever
since we're been in tho business kept things about the farm fixed up in
ship shape, and*has saved hundreds of dollars by buying lumber when he
needed it, and not letting things go to pieces.
You don't 3ee—
His binders, mowers, rakes, plows, harrows, etc.. standing around in the
field. Nor his stock backcd up to the wind, with a jack oak their only
protection against the elements. He's got sheds for everything.
Have you got em? Don't you want em? Come around to our lumber
yard and get what you want. It will cost you less here than elsewhero.
Now is the time to paint.
We have everything in the paint line.
Come in and see our samples and let us
explain the quality of our paints.
Wamberg & Jacobson,
-Proprietors of the-
New Heat Market.
Steele Avenue, opposite old Arcade Blk.l 1
Choice Cuts, Chops & Stakes.11
rali All orders left with us will be promptly deliverd any place in town.
W. II M. Philip, M. D.
Physician and Surgeon.
Offioe in Philip Block.
ttesidenoo Steele Avenue
For $5 up.
John Deere Gang Plows.
Also Heavy and Shelf Hardware.
0. 6.
& SON.,
Livery, Feed and
Sale Stable.
and Careful Driv
ers Furnished on
Short Notice--Day
or Night.
Physician and Sdr^eon
Formerly House Physician nnd Surgoon
ut Anbury HoHtiital, Minnou
pulin, Minn.
93LOfflce at Hope House.
®he yumm*.
Subscription SI .SO Per Year.
Official Paper ot Steele County and Town of nope
Entered at tbe postofflce la Hope, North Da
kota. ae second class mall matter,
This paper will continue to be sebt till all ar
rearages are paid and It Is ordered discontinued.
The libel suit against Editor
has been withdrawn. A very si
The public schools of Boston are to be
supplied with bath tubs. Perhaps the
Bean Eaters need 'em.
It gets colder up in the Clondike than
in North Dakota. Last winter the ther
mometer reached 90 below.
An exchange says: The Argonaut is
growing more charitable. It has not
yet charged the yellow fever to Mark
The headquarters of tho Modern
Woodmen lodge, after several months'
war, has been moved to Rock Island, 111
from Fulton.
We aro glad to note that Register
Sunderhauf is to remain in the Fargo
land office. Our dealings duing his
reign have been very pleasant and satis
The big summer Hotel Lafayette at
Lake Minnetonka, was burned to the
ground Monday afternoon. Loss 8100,
000. It was owned by tho G. N. railway
The Union Pacific railroad is mortg
aged to the United States for 845,000,000
a nice little nest egg. If McKinley
collects it, he will have reason to talk of
prosperity some more.
Editor Moffett. or the Bismarck Set
tler, has another libel suit on hand. Ho
furnished the 81,000 bonds in short or
der. which goes to show that there are
yet, some law abiding citizens in Bis
A fire at Rolla Friday, destroyed sev
eral thousand dollar's worth of valuable
property, including tho Star plant. We
extend sympathy to the Star, but that
of course, don't replace the outfit but
no doubt it will soon" "shine fourth far
brighter than ever.
Jamestown Capital: Chief Grain In
spector Clausen says that 65 per cent of
the North Dakota wheat so far, will go
No. 1 hard and No. 1 northern and that
the receipts are so large because cash
price is over May and there is no en
couragement to hold it.
The 83,800 brick hotel at Wheatland
is about completed, but tho cash as yet,
has not made its appearance, and it be
gins to to look as though the contractors
have on elephant on their hands. We
venture to say however, that Wheatland
will take care of tho hotel all right.
In St. Louis last Friday CharleB Noye
shot Morris Gohan in tho mouth with a
45-caliber rovolver. Gohan was knock
ed down, but soon got up and spat tho
bullet on the floor. Aside from the loss
of'three front teeth and a small quanti
ty of blood, he is uninjured. Those St.
Louis men are bullet proof.
Down south of Oakes is a settlement
known as "Little Utah." Four or five
families there have been in the habit
of changing wives during the past two
years, and as a result G. R. Norton shot
and killed Wm. Shelton, last Friday.
The men couldn't stand it any longer
and quarrelled. Now if the others would
only do likewise, that community would
be better off.
Editor Stickloy's new German paper
at Fessenden is out, and a. copy is at
hand. After looking it over carefully
we turned it over to Mrs. Allen who
translated six or eight columns, and we
do not hesitate to say that it is all right.
A good German paper is badly needed
in North Dakota, and we congratulate
Bro. Stickley and feel sure his venture
will be a success, filled as it is with nice
juicy advertisements.
Editorially the Louisville Courier
Journal remarks: "Say boys, 'sposen
you change the deck? That free silver
pack seems to be about played out.
Why not try a wheat issue? If we can
raise the value of sixteen ounces of sil
ver to that ot about forty ounces of sil
ver. without the aid or consent of any
other nation on earth, why can't we
raise the price of wheat to *2 a bushel,
without the aid or consent of any other
nation on earth, without consulting the
foreign market quotations, and without
bothering about silver? And if we can
thus raise tho price of wheat, why not
of corn and potatoes and eggs and every
thing else we want raised? All wo
have' to do is to sot in our stack and
make tho raise. What have we to do
with abroad?-'
Ilavo just
received a nico supply of
Same as former years.
Cvkus Skinnkh.
fresh honey.
For Sale.
Wu have a few Weber wagons still on
luiud lliat wu wihIi to close out cheap.
O. P. Smith,
Uolguto, N. Dull.
Try our Java and Mocha Coffee. /It will suit you—at RODENBEEfG, BECKERJEC]
Boston won the pennant in the Nat
ional base ball league and Indianapolis
in the Western.
W. J. Bryan, who we used to read
about, will stump Kentucky for the De
Notice to Taxpayers.
Real estate taxes fcr 1896, must bo
paid in October to avoid the 5 per cent
penalty which accrues November 1. If
not paid, real estate will be advertised
in November and sold for taxes the first
Tuesday in December and all personal
property taxes for 1890 and prior years
must be paid beforo November 1, to
avoid sale for said taxes.
All 1897 taxes will be due November
1,1897, and will be received by me on
and after that date, at my office.
All 1897 real estate taxes become de
linquent January 1,1898, and the penal
ty immediately attaches but the per
sonal property taxes for 1897, do not be
come delinquent until March 1, 1898
when the penalty attaches.
Dated Sept. 30,1897.
S. H. Nelson,
Treasurer of Steele County, N. D.
Cooperative Hanking for Farmers.
The American Agriculturist, of April
4, again discusses editorially the "en4
tire feasibility of cooperative banking
among farmers." "This can be done,''
it says, "by slight modifications of the
system of cooperative savings fund and
building associations or cooperative
banks, which has proved so remarkably
successful in: American cities. These
institutions now hold over $500,000,000
of deposits andare a thoroughly demon
strated practical success. The Saxon
Land Credit association (a report upon
which can be obtained by writing to
the secretary of state, Washington) is a
modification of the Raiffeisen system,
which in Prussia and Germany has
achieved the same success among the
working farmers of those countries that
the cooperative banks have achieved In
our American cities. The people's banks
of Italy and neighboring countries,
based upon much the. same plan, have
liad marvelous success. A report giv
ing1 further particulars u]on the Saxon
Land Credit association has been pub
lished by the department of state for
free distribution, in which Consular
Agent Peters says with a truth that
ran never be qurstioned:
"What American farmers require to re
lievo them of the present financial strain
under which they are living Is the power to
borrow at the lowest possible Interest con
tlstent with tlielr securities and the flnan
rlal conditions in tlie preat centers of the
tvorld. So long as they must borrow from
the local money lender they must pay a
nigh rate of Interest for accommodation.
It is this high rate of Interest under which
Mir farmers are now striving and falling
that is responsible for the general unrest
ind dissatisfaction. Kemove the high rate
of interest, give them the same opportunity
lo use their credit us men engaged in other
business, exchange the present mortgage
on the farm for one with a reasonable In
terest, which the farmer can pay and have
something left for file savings bank, and
we will restore happiness and prosperity.
"The question has beep solved by the
farmers and landholders of Europe, and
the solution of the problem did not con
sist In the Issue by the government of a
mass of debased currency circulated
among the people at a fictitious value. The
end v.-as reached by the farmers and land
holders by their own force and coopera
tion, by the founding of associations which
In "time a land and
whose financial strength was measured by
millions of undoubted securities which
the public was only too glad to Invest in."
A Xcw Financial System.
Tho demand now heard from mer
chants and manufacturers and bankers
irtntl other intelligent observers in every
[part of the country is not for some re
pairs to our financial system, but for a
[new system. No government paper can
jbe free from objection, because its vol
|time and redeeinnbility will depend in
part upon the opinions of congTess and
ill pa.rt upon the opinions of the presi
ident. No one can be certain that these
will be correct in all yeiu-s to come. If
kve could be sure that they would al
iways be correct, we could not be sure
that- the government would always be
able to maintain a sullicicnt reserve
!for the redemption of the notes. If the
|weight of a pound u.nd the leugth of a
'yard were liable to be changed at any
time by congress, tlws uncertainty could
hardly be so duugcrotft.' as the present
uncertainty regarding the unit of value.
This explains why so many of the men
who do the business of the country, not
'alone in. the north andieast, but also in
Ithe south and west, demand the with
'drawal of the government notes.—Iron
Government Currency.
The reason bank circulation has been
'decreasing through a term of years,
and why it is inelastic, remaining aN
most without change from season to
season, is that the security for it is a
deposit of government bonds. Tho
bank capital is in the treasury instead
of in business. The profits on circula
tion decline as the bonds increase in
value or the rate of interest declines,
nnd the redemption process is slow and
ineffective. The dangers of the gov
ernment currency and the deficiencies
of the bank currency are now pretty
well rccognized, and c\
ery day shows in
creased earnestness the demands of
business men for a complete and per
manent cure.—Iron .\*o.
Confidence Make* Gold Plentiful.
The gold standard does not restrict its
to the. use of gold. Our country, like
every other gold standard country, uses
vast amounts of silver concurrently
with gold.
There is no shortage of gold. Its pro
duction is steadily increasing. When
confidence prevails, there is no lack of
gold for currency or any other pur
Tlie WnRc-Enrncr'K Interest.
Appreciation of the dollar In which
wages are paid and consequent lower
prices arc constantly and certainly to
the advantage of the wage earner. De
preciation of the dollar aud consequent
higher prices are always and certainly
to his damage.
uooil .Honey Is Cooil Anywhere.
While a government can within its
territory deline that which shall con
stitute ti legal tender in satisfaction of
contracts past and future, it cannot by
legislation fix the purclwing value of
its money, for money is a commodity,
and its value is determined in the mar
kets of the world under the laws of
trade, and the laws of trade, like the
laws of nature, are stronger and more
far-reaching than any constitutions or
statutes. The best mow,* is the money
of greatest purohui-iing p.wcr, and that
money lias the maximum of piiri-liasing
power liieli is exchangeable at par,
not only in the country from whose
mint it is issued, but alSO ill tliO WIT-
kGbi.el tike world. ._
Senator Jones Admits Thnt There
Be lint One Standard of Value.
No government can maintain ot one
time more than one standard of value,
any more thani it catv {maintain more
than one standard of weight, or more
than one standard of measure, or more
than one staudard of length. If there
be. two or more standards of different
value, the standard of lower value will
in practice become the only standard.
If one goes into the market, the law
being that a yard shall be either two
feet or three feet in length, and buys
carpets by the yard at a fixed price,
there will be delivered to hint carpets
measured in yards of two feet in length.
If he buy coal by the ton, the law being
that a ton shall be either 2,000 or 2,240
jiounds, he will receive tons of 2,000
pounds each. If he buys potatoes by the
bushel, the law being that a bushel
-shall contain either two pecks or four
pecks, there will be delivered to him
bushels of two pecks each.
On the same principle, if the law be
that a dollar is either a gold coin, with
a bullion value equal to its face value,
or a silver coin, with a bullion value of
only half its face value, and not con
vertible at par into gold coin, the sell
ers of the carpets, the coal and the pota
toes will be paid in dollars of the lesser
There never has been and there never
can be in any country at any time a bi
metallic standard, nnd the attempt to
create a double standard has never pro
duced anything better than an alter
nating stnn'dard, with the inevitable
consequences of injustice with refer
ence to past contracts a.tid uncertainty
with reference to future contracts.
Indeed, Senator Jones admits in the
report of the silver commission of 187i
that "whenever under the double stand
a rd there is a variance between the legal
and market relations of the metals the
standard would be practically based on
one metal, and it the cheaper and more
available one." The financial history of
the United States and of Prance furnish
conclusive evidence of the accuracy of
the senator's view on this point.—C.
Stuart Patterson.
More Money in Cireulutio:s.
If there was any actual relation be
tween the quantity of money in circula
tion and national prosperity, we would
now be on a flood tide. For more than
a twelvemonth now the amount of
motley in circulation in the United
States has been steadily on the increase,
duly 1. 1S00, about the time the Chicago
platform was in the process of incuba
tion and the mouth oil the popoeratwas
full of demands, for more of the circu
lating medium, the total money in cir
culation in the United States was $1,
509,725.200, making $21.15 per capita on
an estimated population of 71,:i00,000.
November 1, 1890, on the eve of the
election, when the people of the United
States were to give their verdict against
a debased and depreciated currency, the
motley in circulation'was "$1,627,055,
014, making $22.0.'l per capita, on an es
timated population of 71,902,000.
March J, 1S97, on the eve of McKin
ley's inauguration, the total money in
circulation in the United States had
xisen to the unprecedented sum of $1,
075,694,953, making $23.14 per capita on
an estimated population of 72,418,000.
To fully appreciate this increase of
the money in circulation in the United
States it is only necessary to say that
in the last ten months it amounted to
$105,909,753, or more than $2 per capita
of the, entire population.
While the absolute circulation has
passed- all previous high-water marks
•the per capita circulation is still $1.30
below that of 1892, just before
the panic.
Put the per capita is now- higher than
it was in 1890 or any year in thehistory
of the republic prior to that. Then
why are the times not as good as they
were along in the late '80'«? Simply
becansc good times depend on public
confidence and industrial activity, and1
not on the amount of money in circula
tion. This is simply the teachingof the
old proverb that a nimble sixpence is
better than a slow shilling.—Chicago
Increasing Volume of Cnrrency.
Capital—l!y dividing this one dollar
it becomes two, which makes more
money. 1 pay you these two dollars for
wages, you see.
Labor—Hut when I go to buy, bread
I find them only worth one, so I don't
sec it. Front "Itobluson Crusoe's
Money," by Bavid A. Wells.
Three Fnrts.
1. The money supply of this country
and of the world at large is not con
tracting, but increasing rapidly. 2.
The low price of farm products is
caused by increased production, not by
contraction of the eurrenc.v. 3. Free
coinage of silver would not improve the
condition of anyone and would be the
emuse of great hardships and privations
tc the wage-earning classes and all per
sons of small means.
Can't Export tnns.
No civilized country can confine ita
citizens within its own territory or pro
hibit, all commercial intercourse with
other countries. Kvory country, there
fore, needs money which can be used in
purchase from and in ]Kiyment. of its
debts to other countries. Yet, howso
ever absolute may be the jiower of its
government, iLs laws can. have no ex
tra-territorial effect. No government,
therefore, can prescribe the standard
by which it: currency shall lie valued in
any other country, or compel the citi
zens of .mother country tu receive its
currency jic at III" bullion value of
that currcut-y iu the markets of tlic
Tie c. N.
VOL. XVI. No. 28.
Is tho time for you to make your solection for a nioe Winter Cloak
or Jacket. Don't forget this. Come in and look at our line. If we
cannot suit you, there is no harm done although as long as we make
e\ery effort possible to supply your needs without sending away for
them, we would like to feel satisfied tbat our efforts are appreciated.
Besides this special line, we have an immense stock of Cloaks, Jackets
and Capos, that we will sell right.
lor the Cicnts furnishing trade, wo wish to mention a few items.
You will try in vain to duplicate these prices in North Dakota: A good
pair of pants for 75c. Black pants, equal in looks to a 85 article, for
81.25. A splendid overshirt for 25c. Men's yarn mittens at 10c per
pair. Good winter caps 25c. Whenever you are in soarch of bargains
this is the place to find them—as we have a man in Chicago who picks
up these snaps for us. Come in and buy yourself sick.
Dealer in—Fruits, Con feet iojiory, Canned Goods, Tobaccos, and
the most complete stock of 10
R. A. MGLeaR.
The Fancy"^-
Horse Milliner,
And Dealer In~^ I
ltcpniriiiK Mneelnlty.!
Steele Avenue, First Door East Postoffice.
A Pirstclass Workman Employed.
Fvcry Sack Warranted and for salo by p. p. RICE*
Farmers can exchange Wheat for Flour. We always have a good stock on
hand. Farmers' trade solicited.
Confectionery, Fruits, Cigars and Tobaccos.
Ice Cream Parlor irr cosnTcrioiT.
Steele A.reaue, XSOIESB, £T. Dale.
We have decided to close out our business at
Hope, and offer the same for sale on reasonable terms.
Anyone desirous of engaging in the lumber business
will find a good opportunity here for a bargain.
For particulars apply to our Agent A. M. McLaugh
lin, Hope, or the C. N. Nelson Lumber Company,
Cloqutte, Minnesota.
C. A. BROWN, Pres. C. D. BROWN, Vice-Pros. J. D. BROWN, Cashier.
The Steele County Bank,
cent Cigars in town.
O S. MOORES. Proprietor
Refitted. The Popular Brands of Flour: Remodeled
Queen of the North'' and "No. 1 Hard Straight."
H. H. BAKER, 3
Proprietor. 2
Oats, Barley, Rye, and low 53
grade Wheat.1 3
Lumber, Lath, Doors,
Sash, Blinds and Shingles.
Business. Collections Made. Taxes Paid.
Hard I Soft Coal,
Sawed Wood
of qll

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