El Paso International Daily Times (El Paso, Tex.), Vol. 13, No. 181, Ed. 1 Wednesday, August 2, 1893 Page: 2 of 8
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El Faeo Daily Times, Widueeday, August 2,1898
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1 | 1
:'sll
silver” men.
[Optioned from First Page, j
^IsjS
1
g^t«
on permanent organization w®8 also
authorized to select a larger hall in
which to hold the sessions of the con
veutiun. The convention then ad
journed until 2:30 p. m.
afternoon session .
The afternoon session of the conven-
tion was held in Central Music hall, a
building capable of seating over 3,000
with comfort. Allan W. Thurman of
Ohio was made permanent president
kuiu alone, when they have always
had the right to pay them in gold or
silver, and that this is to be taken away
from them, that the contract they
made with their creditors is to be vio
lated, I for one have not the glghtest
doubt where they will stand. Not only
must this convention mabfr this at
not be carried on equally as well when
them altogether, but we must all re-
member as their charters do not ex-
must this convention mawp lu,a
tempted violation of this oontract plain
to the people, but at the same time, it
must demand of the servants of the
must aeraaoa w* tu® ' .v •
people that they administer th»
*tsssss s TS.J5S
b. Hbprivyi "' U»to
r^o, * th.prM£.t ;rr,.
ds&sr&rMtsi
have been used as money
immemorial, and no man ever lost by
either of them. Based, too, upon gold
and silver, its volume must be regulat
ed by the output of the preoious
metafs. whioh of itself would prevent
any sudden period of either i» flation
or contraction. Thtel do not believe can
be prevented when the volume simply
depeuds upon debts in the form of all
kinds of oorate securities which cau
he and in many instances have been
orjMtwjd •‘“Plf *»““
Let Us
e
Must
Tell
You in
Have
Money
ef the national debt to either of these
I einsuiarion medium «md wedira^
rSavSss SfSSS5^.B£®3SgSa=
y^cImster^^liaiM^ SLC .!«■» tana ^ ****** * ***?***?* fcv'ttoe output of the mines some kind
Rank?? Idiho^fi^ Br^^BlUMWv «re®l»*MS to our measure of value
^i»ld5^.£Sra sifiir.-irtVJ* 1—^ ft
y tJ
Bartine^ sfe*,, awJk* ictoey»wg^ } thing abor* ail others that commerce
sssssjsi % I &££££ •arssMj
«nfi *adi**t fe tm* tbtf-®« I****; K«t the catch penny phrase that is con
nt wwimmt eff the h^ J* tioually used iu high plaoesof “sound
bands, £**?* J£2t LdSlecurrenoy,’’ is, In the mouths
»«** run \ Sthese people, as misleading as it is
3pB»
North Carolina. J H- ^bemaatecg^
Dakota, William tt
Dakota, ^ A Tw^"
John r hark CftAfflL.i
s
■ 5:
ShtM
did
ing: Wyoming. i. J- B«i.
A list J “
nouuoed.
And At
_ ONCE!
This is enough said, isn’t
it ? But how can we get it?
The banks (all three of them)
won’t loan us a dollar, so
there is no use looking for
it in that direction. We call
do only one thing, and that
is to sacrifice our elegant
« * aw*
-w • I ■ ■ • KM--A
dSte-l'lhWfMtteaffiteteT-nst «> _tbeF
SS^icm referred to the vimjmzs** xl jjjjg^gg* lAw^baaking cur-
ported 42 states SS ^ no S^yno t*»ks. To carry
represented ai^that SIQdel**»*«s w«ne p.per money, every
Lillis
s*•. «xrts bwrtlit s£5tbSs
ff“‘ "E^.b,C S? unconditlon- or..iln«th.trotroatation.xp.ud.dt^
“ ID IU DOi'-ra. J.AJ.'-'t-' W“* v'~“0---
«S.5S: ^SSssSSi'^SScSS! new big stock' of flue gooda
•«s;----~ — we hate to do it, but we
can’t help ourselves. Come
saying that he simply wants a standard • ----i J 1- — J- -r-r-rf% in
that does not fluctuate, but I want him
. ti al fKic nrtnnt.rv Vi h V
CfcU_L b UUJLDU1VOU.
SS^ftS^’Sisr-wl™’and select what you want
if you have the stun we
__1___ -< Cl>0 TTTy-v1»4-l^ /^v’P TTQ 1 _
Snditto Ur. SMUbjr and Mr. J.Ton8,
w,u
all
not
i-is-.t. th..... that tte9h
f!r !LnPld the Sherman law be repeal- in unconditionally repealing the sne p ^ oannot depreciate, but these ao-
Id SStoit MbSStSttaB .Wtblog I.U; tow, J on SoS, «-nil to lrt p.«
lieu thereof, it means the final destruo- made th*t the government issue tne^ i ^ ^ elther ignorance, or the idle
Hnn nf silver money as a measure of J bonds upon ^ w , the I vaporings of those advocates who sim-
vXe^and noTan can tell when it will may supply ^ deficiency in f ^ believe without any investigation
«ir be Main restored to its former circulating medium *hicb b! anything that is told them,
nlace No matter wh*t may be said to brought about by t 8 rtifioatea We meet here to discuss in a calm
?ht oontrary this means for years and ceasing to issue the win Mrtmoatea I ^ dlgn.fled way what l8 be8t to be
1 ears to come its reduction to token | unde^rthe Sherman ^lav^, and . S, y’ I ^T hoa leave to sub-
money after whioh the isso
stable standard, uive us CuxXVX II y UU XXCAj v V/ ^ — w ' ~
give you $2 worth of val-
ue for every oue you
—*--.*sw,sjf*sa!Srl]iay0 to spend.
Union Shoe and Clothing Co.
High Quality! Low Prices!
members or congress are, w
message will be addressed. Anyhow,
such single standard men as triffln,
High Grade Pianos.
OHIOKEKING, J. & C FISCHEB
behb;bbos., habdmau
iffjS lt„a:r . Also the beet and most popular me-
PRICES RE S0NABLE-TERMS FASH. OLD
OLD INSTBTJMENTS TAKEN tN EXCHANGE^
ana lor years auu oeaoiuB w . Anallv and digmneo way wuai 10 ow.
action to token undertbe Sherman law, and & doQe ^Therefore, I beg leaveto sub-
le issu^ resolveB should there at any time be a rail g y. jQr consideration of the oon-
itselUdown simply to the question off ofthe goldinthe treasury, wbiohis ^ foUowiQg Before doing
ltseii oow_____v — » th nona- sure to come, sooner or later, you wm nermitmeto sav that I am
upon oonsideratloa, to be more rormio- 1\C Ov/IiillJ-L'A-' 1J-<1VIUU v
able than I think they are. Out of it, _ '
oaonot'atford « iufflol»nt b».la on I ,nd tb. ooumry j6rwde" I mfttol £'fom£w”» OLD INSTRUMENTS TAKEN IN EXCHANGE
ALL KINDS SMALL MUSICAL MERCHANDISE
Sheet Music and Music Books.
^vo^o^its'being^ issuedthea™o^|notea^^^^^®^®^I^^bI^^p“^ mNextramend the national banking
ernment, and not by individuals, De- will then be compelled to accept a. L 8q r .-------------‘—« K““w
cause I have more parUouUr “when this comes about (and unless
rS&A r
';j »#the Dsoole of this country are from being reduced, but on the ooi
and if the p p nrinnioles of hard trary can make oongreB9 increase it so
money"which wew tau^ht them by their they may perpetuate themselves, when
those who seek to issue flat and were will their power <*nd.
as we mean from now on they shall,
Teirimood th. notion., booking I SEWING MACHINES,
laws so as to permit any “jjtional I Pbotographlo Supplies. Sporting Goods. Cliildren’s Carriage s.
of a hundred°per centupon thed epos-1 mrvrT.ra
it of 90 per cent, with the United
it of 90 per cent, wltn tne unneu
States treasury in either United States
gold or sliver coin other than subsidiary
silver. Fnrther. amend by repealing
?u!
ver, they will in no uncertain sound,
let these people know that they are for
hard money against paper money still.
This is not the first time that the peo-
ple of the United States have had to
fight upon this issue. Jackson did it
for them-onoe before and taking above
all other things the ultimate welf^®
of the whole Amerioau people as his
guide, he"never for an instant wavered
but standing like a rook, be swore by
“the eteuaal, the people s rights
should be protected,” and he won. The
same threats were made by tne
DSDer money advocates tben as are
min J now The United States bank
Snd It. branobe. b, p.rsuliw
“most td.otio.Uy th. .M>. OOOM. «
fSSSSTJi SSLyS-ftSiv
SSa-ft* a :1'
l^ AolS dS iMO. .od such depre.
Itoo*K£ tb»t tb.y tbooght .or.
that old Jaokson must give way anc
they mdst win, but as I **id old
“Hiokory” never for a single moment
Lndthen he did not appeal in vain, as
YVd 1UOAU ii utit uu ». OD —----t
does aoy tne man believe they will
pass under this yoke that will agree to
increase their indebtedness just for
the purpose of giving those who con-
trol national banks the privilege of
sullying with the circulating medium?
Will they thus place in the hands of a
few men the power to absolutely con-
trol the destiny of this mighty repub-
lic? They will not do anything of the
icind, and more, they will demand that
what remains of the national debt be
paid just as fast as possible, and now, I
believe that they will demand that
their paper money be based upon gold
and silver and not upon gold and
debts. , ..
Now, I do not wish it to be consid-
ered that I am making a wanton attack
either upon the national banks or the
men who control them, for I believe
that so far it is the best system of bank-
ing we have ever had, and npon the
whole it has been most honestly and
carefully administered. Neither oan
those who oontrol these banks be
blamed for wishing to perpetuate a
system in the future that has been so
profitable to them in the past. Not
only now has the question to be met
whether we are now to be compelled to
issue more bonds so that this system
oan be continued, but whether it can-
Itfvrouiu UVUOT bunu
silver. Further, amend by repealing
the tax on national bank circulation.
At first it may seem that the notes
issued under suoh a law will not be
secure, but under the national banking
act, the notes of all banks are the first
liability that has to be met. I oannot
aaa K»-»f f hor ohnnM hfi absolutely safe.
COLUMBIA BICYCLES.
W. G WALZ CO.
PAPKE HANGING,
gold or silver coin. Next, the
bills receivable of the bank, and
under the present system it would
be an utter impossibility for the bank
to fail and the whole of its bills re-
oeiveabie be worthless. Certainly ten
per cent of them would be paid beyond
a question. An examination of the
comptroller’s report shows, I believe,
that of all the national banks that have
gone into liquidation, the assets have
yielded over fifty per cent. Family
there is an individual liability if the
stockholders. What more secure sys-
tem of banking oould any country
have? And what is more, if some suoh
plan as this be adopted and entered in
to in good faith, it cannot be but a
short time before you will see the old
parity between gold and silver abso-
lutely restored and give to us a sound
material currenoy.
Now it must be perfectly apparent to
those who oontrol the national baLks
of this oountry that their very exist-
ence depends upon a wise solution of
this question and that in any event
act, the notes of all banks are the first O- xxx — 7
liability that has to be met. I oannot
“fii; N°" “y'”’tyK‘tEnj”o«uct8“JT“ 8“
first there would be for the redemption Paints and Glasses, WholeeaTe and Retail,
of its notes the 90 percent | fotget we have th# finest line of Picture Moulding also.
_ 4 p. * 1 • rv j
-
it r t t , 4- 4-1 ^ 219 San Antonio St.
W. r±. x viixi^,el paso, texas.
Cutting Down Kxpon.en.
Omaha, Neb., July 31—Saturday
hereafter will be a full holiday with-
out pay in the Union Pacific shops all
over the road. The road is reducing
the hours of work from 54 to 40 hours
a week. It will effect 6,400 men.
(Continued on sixth page.)
Cholera In Kui.la.
St. Petersburg. July 31—Cholera in
the infected districts is increasing at
Podoliaw, from July 9 to 22 there were
1165 oases. Other states are propor-
tionately as bad.
It
Is
A
Mistake
to
Buy
at
any
Store
Without
Gettiog
Prices
From
Bank Failure.
Portland, Ogn., July 31—Tne First
National bank East Portland failed to
open Us doors this morning. The re-
sources of the bank are ?32a,0C0 with
deposits of >160,000.
Drs. O. O. and E. A. Brown, dentists,
Sheldon Block.
Leather
Covered
Linen
Lined
Iron
Bottom
Trunks
W. M. James.
W. M. James;
ias.ini.
—
vnj
vH
r
. . .
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El Paso International Daily Times (El Paso, Tex.), Vol. 13, No. 181, Ed. 1 Wednesday, August 2, 1893, newspaper, August 2, 1893; El Paso, Texas. (https://texashistory.unt.edu/ark:/67531/metapth541371/m1/2/: accessed April 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Abilene Library Consortium.