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|Publisher||Digitized by J. Willard Marriott Library, University of Utah|
1 ''3I0RE MOXEY" CRY. P, gahooti & Co, Builders, a A Full Line of Tbey Blay lie and Kerned? Rooms 305-- 6 Atlas Ulotk. Sil t Laki l iiv, t im. Mltkpa M Ji the Cans but Not ma to me Eiiat dc of Their Trouble Why Interet la Bl(h In the West aut South MatUtlca Chas, F. DURAND of Uduking Power la Different betioiia. Is ttiil to Ih- found ut liis OM Siaiul, Ultra House Hloek, Murray, Upou tracing the niovemeiit for g reiuoTiiifj superfluous aair larger volume of ohfulation back for a from tue faces of men. score of years it will Isa found that it O O Call End See Hm manifested has invariably greatest strength in the aprienltural sections of tilt) country. Obviously, then, wo niut seek fur the underlying causes in these communities. B.Y.RANDALL. Prop When the pu'.iject is analyzed, it will be observed that the ground for discon- Fresh v tent at existing conditions lies iu tho Bon, 3red, Csko, Etc., Celiy. Tonsorial Artist. - Wood-Workin- g BS Attorn, j. at- - Law. IT COMES FROM FARMERS, WHO HAVE A REAL MONETARY GRIEVANCE. Contractors and taon 4, oo J or population ana & rano oi bunking capital to total rvMiuroes of banks of 1 to 12. I!y this economy in the use of capital the banks are able to declara dividends averaging fully 10 per ctut while giving credits ordinarily at rates rartly exceeding ! per rent, aud every banilit iu the kingdom has a banking iifllt within its limits or iu its immediate viciuity. Taking the Mates of Alabama, Missis sippi and Arkansas as an example, it will be fouud that these have about 4,000,000 population and 171 banking institutions, including private bankers, with a total oapifal of 17,000,000; total resources, if 40.UOO.OUO, or a ratio of capital to resources about 1 to 3 and one banking office to 23,000 of population. The reason for exorbitant interest rates iu the last mentioned suction is EAILVKST KOUNOX. a Murray Bakery, fact that notwithstanding gicatly fa, im- LUNCH STAND. proved means of production, notwithstanding greater facilities and materi- Hot and Cold L'mclu-sally reduced rates for the transporta- Hot Coffee wiih Cuke tion and distribution of products, the ') agriculturist, upon whom so lar.e a Lunches put up lor travelers. part of our economic system is depend- Cat- rB la tWn Wants ef lie Pul'lli: fi P. ent, finds himself, generally speaking, V(Miiif i. H iihdiiys, Kir. after a twelvemonth of hard work, no Three doors Sooth of Tusi CHlice further ahead than at the beginning if SASH, the year, and iu many instances his status is worse. Through the failure to DOORS, make a proportionate iucomohe has not MOULDINGS, ETC. been able to reduce, but has, iu fact, increased his money obligations. It is not maintained that such is the case throughout the laud, nor are all agriculturists entitled to equal credit 'Billard & IV ol Room. for care and economy. Many cases there not is where sympathy are, doubtless, deserved, but iu most of the communities where discontent prevails the rea- Selected Stock of Wines & Liquors. son here giveu is the true one, tho disImported & Domestic Cigars. sertations of self satisfied theorists to Family Trade a Specialty. tho contrary notwithstanding. A. E. CAHOOX, Prop. examinations made by Numerous paiustaking investigators warrant the statement that the unequal distribution of capital and of mouey and the consequent gross inequality in interest rates BOOT & SHOE STORE are the chief cause of the inability to business of on tho agriimportant Best thu s. carry Chcopast Oil& (irnin culture profitably. ' Jlen'e Working jliob, ft,J. 60 60 Oiiif, Fine Slmiw. Klilin of the country polling The sections I.adiiB' UiiiiK ila hulton ehoeg. 1.5 rr the largest silver vote in 18t)(J have, Misses. lioys & t'liililreu'n tln.i t lowest prlr.es generally speaking, insufficient" credit 1? facilities. The small farmer who, ad- Boots end Shres umoe to order und re- " pnirinif cpally done while you wait. vancing from tho condition of farm la- Men's Hnois soled & heeled 75c. No heels 60c inde' measure of seeks a " 4(1 I a0if.' r.lt..l-tlio borer, larger '" i ."' . " " " " Vi to ( hililivns for comforts his pendence and greatej Meu's hlines iainB rrtcft as boom. All caps & family, is not only compelled to mortia.ehluic will In charsed exliu John P. Nelson, t'rep. gage his realty, frequently at rates as high as 15 per cent, but is uuder the Murray Street, Murray. necessity of borrowing upon his prospective crop. Having no banking ofiloe to call upon, be turns to the storekeepS A3 er, who extends credit for the needed . 73 supplies und taxes tho borrower first for interest upon the loan, second in the This is tho handsomest way of increased prices for staples fur most and complete opera nished aud finally in the way of dis liou-iu Hie .State, outside counts or commissions upon the product ' Oi den & Salt Lake and of tho farm turned in as payment. Li second to none is Theso items not infrequently aggregate point 30 ner cent noon tho actual credit ex- of convenience & comfort. tended, nnd in a verv lame number 01 o cases the total exceeds 20 per cent. Steuin Heat and Electric It is rierhnps unnecessary to add that LiJits. business of any kind tinder such condi Has Constantly on Hand tions would be nnpontable. Is it, then, surprising when the agriculturist, who knows little relatively of the principles of sound finance, imagines that an increase in tho volume of money would benefit him? Is it to be wondered Of all kind.; Sausage, Lard and at, when he hears or reads of money go- Bacon, ing begging at 3 per cent in tho metropolis, ho fancies that, by some hocus k ou'y pocus, Wall street is constantly striving to grind him down? but all meats will be Bold at It is our business to teach him otherwise; to teach him that the prosperity 8f5 WHOLESALE TEICES. n of the commercial centers is closely interwoven with his is, in fact, largely S3 dependent upon his welfare but the SoTra Uki la Btsl Bad lesson can only be brought homo to him by the introduction of means through Enou(jh For all the Winter Evenings which hi own prosperity shall be assivle for Merchandise of article nv viie:v Yu:: Go for Yor.r sured. For, even as it is impossible to in Jiii'Tiij .c.'Ki he found in Great interest a starving man in the plan of are Ki::'e f .1 fuid llieui i. Slock salvation, so tho debt ridden farmer can the iliiie-Qiui'iiiy, a:i.l r.nd v!u:r: You C';in Havo a only acquire faith in qur views of sound the followlnir prizo no"1' ',wo our at nn-.s'or;.1 (1. i;e Quality finance when relieved of his present on- AND FIFTY-SIargeYaricty Se';"'; From pa price FIFJY L!. T. J)AYTOV. "y rOUK ; for ONK Manag- r erous burdens. To him a system which cts V for FIFTY ;uots Willi Trices E(p!il to A 113'. LMiLLAH anv TkiN : for ONE pnilAK AND as the existing A HALF the wholu iibnry of bli T'hS volumes. operate bo unequally one does must appear not only unsound, By C. M. 8. Mo- -' RALE OF A S0CL. but absolutely tyrannical. Any change, E COUSIN OF THE KINO. By A. & Vo he feels, would be for tho better. ConMONTHS 1SHAHE8. By CUrlcs L sequently the southern farmer demandBy Capttln SKIRTS OF CHANCE. ed tho reinstatement of the state bank note system four years ago, and last 11 A N LOLl p bK e F VlBllK. by Ohaaipl.u year the free coinage of silver appeared H AVrNVpAKllHjnREH. ByJohnOlllUt to him tho best solution of the difdculty. Tho remedy is manifestly not to be W--A ytllt IN DEBTEE. By Ollmor fouud in any form of inflation of our RATS 0UDI8. By David Christie -- .nria circulation, but iirovidiug by legislaMurray. nirr. n T. n ' VKKY nisaiAftBA"', facilition or otherwise increased credit iltrklorn. BTBBy Hsrold U. MAH1UAOE I" A ties, both for long term loans npon Vvi o ? tji RmPHfB. By T. C. Jin Ion. iiTt!inrn niut short term credits nnoii rt crops, and a better distribution of the circulation which we have. HHF.B BTKANoTwrBKIMItHI By narold In this, as iu many other matters, wo 03-- Indtctabylliiiu'wnl must refer for guidance to human experience elscwhoro. Iu no country has the Don't Tohscoo Spit 1 "ok Tour Lift 4wsy. system of advancing short time credits To quit tobacco easily and forever, be wag to agriculturists reached the high state nctlo. full of life, DCtfemd vhtortake No , ,llat makes weak men the of development which is found in Soot-lanAll dniBitisle.fOcor II. Cure nuonin-teeTho Scotch banker has learned strong. Uoolilet Address and sPle free. that the fannor is, under a well guard- Sterjir.g lie mod y Ca. Cucaifo or New York. ed system, as fairly entitled to credits To I uro tomlirallon Forever. to float his vcuture as the merchant or TnkcCean is ( niKitCathnriic. Joe orKo. f C. C. 'J. tail I" cure,!1'! refund ruoni y. the manufacturer. Scotland has one banking firm for Jipg la 111 II Scroll sawing. Turning. Stair Building l! lk-8- ft MU R RAY i.'.-- i urray r. iVieat & Live Stock e Company's Im in FRpr.H cNdCur.eb MEATS aen A ?5 H s part na o A Imlst ALMOST FREE. Will TQPSCSjSWsm . 1 Tll t-- McKen-lS-WH- 16- -A - U-- fiiSilT u-o- ; utiiiwiwi ' wonder-worker- J" S m M r H K U ' - - , km CSII-K- ll al, state and truafc wid com- - United lunik, 8tiiti....ilb8 MajLlmum, Khode Ldund Minimum, Ar-- paiittts. iul.Vb Uiit lunik. Atl. tit.Vl 61.03 U&7S tri.fu rs.do ai.no states f 71 18 southern stutw li.im soentral sfcitos.. 4H.U 13 western states. Hl.Ht) 22.73 m :A 2T.5.00 121.86 kuiiMia 4 Sew att 4.86 Engbuid 4.H6 8 middle ll'ucilto BtU... tit M .W 2.11 6 81 1.88 A Xtw BLACKSMITH Having Leased the Decker Blacksmith Shop, just South of the Bridge, State Street, Murray, I am prepared to do any kind of work that can be done with a set of blacksmith's tools. Bring me a' trial job and if I don't do your work promptly and give satisfaction I will make no charge. Hallow are these Trio SLOO HorSShOOmg es on (Juarauteed Work. ... Satisfaction or uo Charge. OO UrO Setting Respectfully Chas. frlGLLisB , iss.m l.M IS. TO W.S9 86.M SUM W57 The great disparity . between tho banking facilities is seeu at a glance. The six New Kngland states, with an estimated population (1880) of 5,200,- - SHOP, South of the Bridge, nest to Grantor-A- t 000, possess nearly $79 per capita; the 13 southern states, with 20,000,000 population, show barely $)8 per capita, or 22 per cent of the former. Including "Inter-Mountai- n s savings banks and loau and trust the ratio is materially reduced, the south showing only 7 per cent of the amount given for New Kngland. Analyzing tho items given iu tho last column, as staled in tho comptroller's ta- IJLiUer's ble, it is found that tho states and territories representing 70 per cent of the M.fft&, population have less than 83 percent of VLills the entire banking power, estimated at f6, 700,000,000. Maurice L. Muhleman in New York Herald. H'lr wood Stables. f Lomnanv. ttiiinng PROPHISTOnS 0 T7 Roller Roller icm?' Mils Tajjlorsville Holler Mills, wasatcn Jioiur saLiim. and Salt Lake liill s;-and Elevator Pioneer Patent Roller h EVER ARB One of Ormit'f Victor leu. One of General Grant's greatest tories was not won in war, but in times of profound peuee. On April 28, 1874, be vetoed an inflation bill which had passed both houses of congress, by decided majorities, and back of which were many eminent Republican politicians who imagined that they saw sure defeat ahead for their party unless they made concessions to those clamoring for "more money." The presstiro for the bill whs not all political. Many timid business men urged the president to sign the bill iu order to "stop agita tion. " In this tryiuii situation 1'rusidcut Grant allowed patriotism wholly above partisanship and a clear conception of sound financial principles, unobscured by shortsighted notions of immouiute busiuess expediency. He vetoed tho hill because in theory it would produce inflation. "Tho theory," he declared, "iu my belief is a departure from (he true principles of finance, national interest, national obligations to creditors, congressional promise, party pledges on the part of both political parties aud of personal views and promise's made by mo in every annual message sent to congress and in each inaugural address." So far from being a "settlement" the bill invited agitation. "Should it fall to create tho abundanco of circulation expected of it, tho friends of the measure, particularly thoso out of congress, would clamor for such inflation as would give tho expected relief." And ho defined his genual principle in. theso pregnant words, "I am not a believer iu any art ificial method of making paper money equal to coin when tho coin is not owned or held ready to redeem the promises to pay, for paper money is nothing mere than promise to pay and is valuable exactly in proportion to the amount of coin thut it can be converted into. " The monetary battles of this country are not yet all fought. Grant's words and acts should inspire those engaged in the present struggle. vic- I'ern Follows Japan. Peru is tho latest addition to tho list of countries planning to get on to a fol id gold basis. If silver keeps up its present rate of progress, there will be nothing left for gold tocouqueriu 1900. Of courso tho need fur silver legislation will then bo greater than ever, and the silverites must work accordingly. They will then have tho herculean task of converting tho whole world back to iiil- UNDERSOLD. Grist work a Specialty. Highest Cash Price Paid lor Wheat- - 1 TELEniOXE mi- - 128. Saloon & Billiard Hall r CAKKFtr. B ELECTED STOCK OP" flrir Careful Attention Cigars,- Always on Haud. jj Family Trade MWJ &ir tj .Given to Wines, Liquors, ft"- 2- iirvvvv"ovoww Carlson & Birch. SACRIFICE o fistttfo Ccmfort for preheat tcci-ilnL'rf.r.or.iy, but El'V "tLc Sev;.:g t,a oitnulkuc:! rcpntaUon that Cuariwtlccs yc-- Icitg euUtfctctory service : ad y f!M o wT i nfc ADJl'STVIM, o roupicJ wi'.ti lao n,:c;t Set of Steel Attache ments, mahes it ilio MOST DtSiRAS'raVXin IH IKE W.VSKET. i, Ceotrs Wi:ted w'tcrc we ara nt rrprcscats Jit III I h;ECjiA.!CAL WhSts Sesvifig aj Maitine Co., o y ft 9 FOR SALE BY U. E, HALL, 8ALTLAKECITY manglbs FOR AB MU1EL USE. An orilliinry or family Irnulni; can lw done on tha "lt.ci.NE" MbukIu In te.ity mia ut es wliliout. hcit or fuel. NO FU2L. t HQ HEAT. NO PCCRCHINt). l'rloca vrlthin t he inr:ni of every family. Muih-iilx stviesnnrl tea tufa, fur 1 aiiiilli-i- , lloiela, etc. Evaiy Munyli) Cudijiueeo. Sena "5 ilaxp t r r,e. illustrated CaUlojue, ilh price. whra: oPinop THE 1 HI W BAiKINO POWFB PKH CAPITA, STATIW, lblti. Kuilon- - Loan AVEUAUK Uatlur II' l. IH BEAUT pidfeiTE 4lA1kl obvious. And it will continue to exist unless some means of economizing capital, as is done in Scotland, is provided and the ttorekvper is compelled by competition to reduce rates. The comptroller of the currency, in his annua! repirt for INOfl, presents a table showing tho banking power of the several states and territories, from which the following abstract is compiled, to illustrate this point more forcibly: Or mm: 5) LB bin RACifii MANGLE CO., Raclno, Wis. f ATMAOTIf I FAD THE P WORLD B 1 OVER p tm 1 n - w- - 3wmmcffim m White CLVLAnD. I tmam m . 13,000,000 ft) HIGHEST AWARDS at the WORLD'S OHIO. COLUMBIAN EXPOSITION 1 i ,e j.;., - :" i t -- t r -- , t I C i i J. - .hi ! i c:n tg - ' l.v .. ( ' !. " I'm lie, Pwcis V..ll!cd i voi , is '' '" to.' v,l,iro. scu't Hc nihility, SOLD AND For Excellence of Desiuo, Excellence of Construction. Bcjiilnrity of Motion, Ehhc of Motion, Crest Speed, Adjustability, fill re f 5 u p ; 7ScIi ool Fa rn i u ....ln'.v MADE East of Learning, Convenience of Arrangement IP YOC BUY You will receive sSMI8r I KMHTOS ARt SOtD OMY BV The Singer Manufacturing Co. EVERYWHERE. rpFieES CURC0!iSTI2ATL0H care-- . ful insiruetion from a comprtent tratlier at can obtain noersary inesaoripa direct from th Cunipany jdirrs, yen wia et prompt attention In an y part of the world, as our ofhres are () everywhere: and we glvo careful aitention to atl customers, no mailer where tlie-may imve leen purchoKcd. Yyll will he dealing with the leailins; aewinir. pischine nianufarl urer in the vol Id.liavitiir ) tn uneo nuled experience and an tinnvalel re;utation to mainiam the strongest guarantees of excellence and tair dealing. () B,"UI,B cmjp. home. Yon k 8 s 10 25 ALL 50 in'sAT TiTf! V lnn onrr:.sefireo?itl!illnii. rsrarrt are the Ideal fins'? IKTPrn U HllHlt fjLU t ,, r. ne,r ,vif, r eri),p. t,u. rsui,, ,y ,t,,ri reulla, a. KTflll,l(l 1,'KIIIIU (I.. Ciimuo, n,.e'rejil. t an., lork. e ftOOUlj U 1 Li Li 1 U and hnaklrl free. rile DRUGGISTS 1 1 eaa-- " Viif "lVf r l w 4 f- l yji ere ee4e- - oe li 8a ni lit. RACINEiturulCAS ENCITJE Onnor Manufactured Gas. trlafoMne, Fitted rl - l( el tth both Mot Tuba and Electric Battery, nr. i'utiuiiik mvr. tiriiuiiiix rum iuu . ' uhj ti L' t:i I. tvi..l Kn?lii(wn ittonmrkut. bt ud Xceut Btunitf uihI pi U'vn to HARDWARE CO., Racine, Wt3? lurci'iilttgue RACINE l.