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The eagle. (Silver City, N.M.) 1894-1???, May 22, 1895, Image 2

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn92070477/1895-05-22/ed-1/seq-2/

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THE KAttLK: WEDNESDAY, MAY 22, 1895.
February 12, 1873. Mr. Blaine himself,
who at the time of the passage of the act
of 1873, was speaker of the house, a few
years afterward stated in the senate that
at the time of the enactment he was not
aware of the effect of the act demonetiz
ing silver. The forty-third congress,
however, very elaborately considered the
currency question. At that time neither
gold nor silver were in circulation : but
little attention was paid to coin money
by congress or (he masses of the people.
We were on a paper basis, consequently
the discussion of the currency question
related entirely to the greenback and
national bank bill circulation. The
forty-third congress passed what was
commonly called at that time the infla
tion act. This act increased the green
back circulation from about $380,000,000
to $400,000,000, but was vetoed by Presi
dent Grant. This so-called inflation act
was passed during the first session of the
forty-third congress and was intended to
meet the difficulties of the country at
that time, for an attempted' retirement
of the greenbacks had produced alarm in
the country and brought on a disastrous
panic.
At the last or short session of the
forty-third congress the resumption law,
so-called, was passed, providing for the
resumption of specie payments on the
first day of January, 1879. This law
gave power to the secretary of the treas
ury to sell the character and description
of bonds authorized by the act of July
14, 1870, known as the refunding act.
These bonds were payable in coin of the
standard value of that date, July 14,
1870. The standard coins of July 14,
1870, were the silver dollar as the unit of
account, having full legal tender power
and free coinage, and also the gold dollar
and its multiples as now coined. These
bonds were based on the bimetallic sys
tem of free coinage of gold and silver at
the ratio then prevailing of 15.98 to 1,
commonly called 16 to 1, and the ratio
at which we have subsequently coined
over 400,000,000 of silver standard dol
lars. It is under the authority of the re
demption act that the power is still
claimed to exist to sell bonds for resump
tion purposes, and under which our late
bond sales took place. It will be seen
that in the forty-third congress the law
' was passed, the purpose of which to ulti
mately retire the greenbacks and go to a
coin basis. The congress prior to that
had prohibited the coinage of anything
but gold as a full legal tender money, so
that the act of 1873, passed in the forty
second congress, demonetized silver,
and the act passed in the subsequent
forty-third congress, providing for the
resumption of specie payments, evident
ly intended to compel a lesumption of
specie payments on thesinglegold stand
ard of payments.
WEEKLY CROP REPORT.
High Tomperature anil no Rain but Irri
gated Crops are Doing Well.
The past week has leen very favorable
for irrigated crops and fruits, but very
unfavorable for the stock ranges and un
irrigated crops.
The temperature averaged above the
normal and no rainfall waa reported.
All varieties of fruit advanced rapidly
and the growth of crops under irrigation
was unusually rapid. The little grass
that had started on the stock ranges is
curling up from the drouth and in places
water for cattle to drink is becoming
scarce. The drouth has had a bad effect
on the lambing season and the percent
age of increase will lie materially re
duced.
The planting of corn and l)eans is
about completed. There is so far an
abundance of water in the streams for
irrigation.
The following extracts from a few of
the reports received at this office will be
found of interest :
Albuquerque. Prof. M. R. Gaines.
High, variable winds; no rain. Weather
very warm in the middle of the week.
The conditions have not improved. Ir
rigated crops are doing well with the
a good crop is assured. Fruit progress
ing nicely, especially the cherries and
peaches.
Los Lunas. R. Pohl. Everything is
progressing nicely. Rain is needed bad
ly for the grass on the stock ranges. The
first crop of alfalfa will be cut in about a
week.
Ocate. E. M. Cosner. Crops and
grass are making slow progress owing to
the dry weather. Heavy losses in lambs
are reported from part of the ranges
caused by the dearth of grass and water.
Heavy winds and high temperatures
were prevalent.
Puerto do Luna. P. R. Page. Very
dry and very poor grass supply. Sheep
men are losing a great many lambs. Ir
rigated crops doing well, also fruit.
Ranch of Taos. Alex. Gusdorf.
Weather has been warm and clear.
Wheat has come up finely and is doing
well. Fruit crop, especially apples and
pears, promises splendidly.
Rincón. C. H. Raitt. The drouth
continues here, with very warm days
during the week. There is still plenty
of water in the Rio Grande, and all irri
gated crops that have been properly
cared for look well, especially wheat and
alfalfa.
Roswell. Scott Truxton. General re
sults in irrigated sections are good.
warmth and sunshine.
Alma. Win. French. The ranges arel Ranges are badly dried up and cattle
very dry. Irrigated crops, being more
directly under the control of human
agency, are doing well.
Aztec-Prof. H. II. Griffin. The lat
ter part of the week has been unusually
warm, and no frosts or high winds to
damage crops. Grass on the range has
started nicely, but is much in need of
rain.
E. Las Vegas. Dr. F. II. Atkins.
Crops more advanced than this time last
year. Everything favorable. No rain,
but ditches full of water.
Española. Jim Curry. Our water
supply is liable to run short during the
summer as the snow is melting rapidly
and no rain. The week has been dry, hot
and windy. Crops and fruits doing well
but rain is needed badly.
Engle. G. A. Foley. Dry and hot
were the conditions for the week.
Gallinas Springs. J. E. Whitmore.
Hot, westerly winds, drying up crops,
prevailed for the week. Stock is suffer
ing for water and grass. Apples, pears,
cherries and plum trees are in fine con
dition, and vegetables are doing well.
Gila. Chas. II. Lyons. No rain yet.
Grass alout all used up. Farmers are
busy plowing and planting. Everything
favorable and indicative of a prosperous
season for them.
Las Cruces. New Mexico Agricultural
College. Weather exceedingly warm
during the greater part of the week, with
falling on rapidly. Kain needed very
badly. Unusually large quanties of wool
were shipped to eastern points during
the week. Conditions here assure an
unusually large crop.
SIOO For a Bottle.
Mrs. S. B. Winship, 112 Washington
St., Providence R. I., after using one
bottle of Drumniond's Lightning Reme
dy for Rheumatism, wrole to the Drum
moiid Medicine Co., 48 Maiden Lane,
New York, saying she would not take
One Hundred Dollars for the lienelit
received. If vou have anv form of Rheu
matism, and wish to get rid of it, send
$ó to the Drumniond Medicine Co, and
they will send to your express address
two bottles of their remedy enough for
a month's treatment. Agents Wonted.
There is now a very heavy movement
of Arizona and New Mexico cattle to
Montana and other northern pastures.
The Atchison reports that, during April,
they took 1 ,0 15 cars from these two Ter
ritories, and that orders were in for4,481
more to go to Montana, largely. Dur
ing Ap.il, the Gulf, C llorado & Santa
Fe haiudled cattle to the Indian Territory,
Kansas and northern localities as fol
lows: Northern di vision, 1,724 cars, an
increase of 421 over same month in 1894 :
southern division, 1,632, a decrease of
1,207 from a year ago. Total both
divisions, 3,356, in 1895. a decrease of
783 from 1864.
Honso and four lots
a iew ingn winus and no rain, urops tlon for sale cheap,
are doing well. Alfalfa is being cut and I Eaoi.k odice.
in. Black's addi
Inquire at Tim

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