a-SURSCRIPTION RATES.a year - . $3.00e month, ioe ° � a 2doa e week. ��"� - a ~ 10~Delivered in town by carriers withoutextra cost._ Advertisng rates are liberal and can behad on application to the editor or atthe office~We desire a live correspondentT atavery postoffice inthe county, who willin brief items of NEWs as it Occurs~{o each neighborhood, Write plainlyaad only on one side of the paper.aee~-Laneral Commission ou ~supscrip-(don rates paid to agents.»Pomme"~Turespay, Averst 18rn, 1896.oo ea oe caer pollen pd aie MY Sac TNe i cntCongressional Convention.a)eee ere terse~The Congressional Convention ofthe Democratic party of the First Dis-trict is hereby called te meet in Wash-ington on Tuesdey August 20th at 12~ m, tor the purpose of selecting a can-didate for Congress, an elector andsuch other business as may come be-fore it.By order of the Committee.W. B. Bopman,Chairman.TReconstruction of Society isNot Being Sought.EQUALITY: BEFORE THE LAW,mtn commen yIncome Tax and ree Coinage,pete ae ere[CONTINUED FROM LAST SSUE |BS: ce G cetig hetTESTING THE HONESTY OF MONEY,oWhat is the test of honesty inmoney? It must certainly be fourdin the purchasing power a1 the dollar.An absolutely honest dollar could notvaty in its general purthasing _ powcr ;a it would be absolutely stable when. measured by average prices. A dollar: which increases in purchasing power is~ just as dishonesc as a dollar which de-» greases in purchasing power. Prof.oLaughlin, now of the University otChicago, and one of the highest goiqstandard authorities, in his work on. pinietallism not only aamits that golddoes not remain absolutely stable invalue, but expressly asserts othat thereis no such thing as a standard of valuefor future payments, either in gold orsilver, which remains absolutely in-variable.� He even suggests that a" wultiple standard, wherein the ~unit ispaused upon the selling prices of a num-ber of articles ot general consumption,�would be a better standard than eithergold-or silver, or both, because ~a longtime contract would thereby be paid atitsmaturity by the same purchasiagpower as was given in the beginning,ToI cannot be successfuhy claimedthat monometallism or bimetallism, or~any other system, gives an xbsolutelyjust standard of value. Under bothmonometalliim and bimetallism thegovernment fixes the weight and fine-~ness of the dollar, invests it with legal-tender qualities. and then extenas themints to its unlimited coinage, theng power of the dollar to be~ined by the number of dollars.ism is better than monometal-mit all the eld and silveroee a # find entrance=saninteinad a gold standard with Jess |injury to the people ot this country ;but mow, when each step toward a| universal gold standard enhances thepurchasing power of gold, depressesprices, and transfers t» the pockets ofthe creditor class an unearned increment, the influence of this great nationmust be thrown upon the side® of goldunless we are prepared tuo accept thenatural and legitimate consequences ofsuck an act. Any legislation whichjessens the worldTs stock of standardmoney increases the exchangeable valueof the dollars. Therefore, the crusadeagainst silver must inevitably raisethe purchasing power of money andlower the money vaue of all otherforms of property.EVILS OF THE GOLD STANDARD.oOur opponents sometimes admitthat it was a mistake to demonatize sil-ver, but insist that we should submit topresent conditions rather than returnto the bimetallic system. ~They err insupposing that we have reached the endof the evil results of a gold standard; wehave not reached the end. The injuryis acontinuing ore, and no person cansay how long the world is to suffer fromthe attempt to make gold the onlystandard money. ~The same influenceswhich are now operating to destroy sil-ver in the United States will, if success-ful here, be turned agaiust. other silver.using countries, and each pew convertto the gold standard will add to thegeneral distress. So long as the scram-ble for gold continues prices must fall,and a general fa'l in prices is but an-other definition of hard times.oOur opponents, while claiming en-tire disinterestedness for themselves,have appezled to the selfishness of nearlyevery class of society.the disposition of the individual voterto consider the effect of any proposedRecognizinglegislation npon himself, we preseut to |the American people the financial policyoutlined in the Chicago platform, be-lieving that it will result in the greatestzood to the greatest number.oThe farmers are opposed to thegold standard because they nave felt itseffects. Since they sell at wholesaleand buy at retail they have lost morethan they have gained by falling prices ;and besides this, they have found thatcertain fixed charges have vot fallen atall, Taxes kave not been perceptiblyincreased, although it requires mere offarm products now than formerly to secure the money with which to paytaxes. Debts have not fallen. Thefarmer who owed $1,000 is still com-elled to pay $1,000, although it maybe twice as difficult as formerly to ob-tain the dollar with which to pay thedebt. Railroadduced to keep pace with falling pricus,and bssides these items there are marymore. The farmer has found just com-plaint against the gold stanaard. Thewage-earners have been injured by agold standard and have expressed them-selves upon the subject with great em"phasis. In February, 1895, a petitionasking for the immediate restoration ofthe free and~unlimited coinage of goldand silver at 16 to 1 was signed by therepresentatives of all, or nearly all, theleading labor organizations and present-ed to Congress. Wage earners knowthat whilea gold standard raises thepurchasing power of the dollar, iv alsomakes it more difficult to obtain posses-sion of the dollar, They know thatemployment is less permanent, loss ofwork more probable and re-employ-ment less certain. A gold standardencouraged the hoarding of money be-¢xuse money is rising. It also discour-ages enterprise and paralyzes industry.On the other hand, the restoration. ofbimetalysm will discourage hoarding,because when prices are steady o- risingmoney cannot afford to lie idle in bankvaults. The farmers and wage earnerstozether constitute.a considerable ma-jority of the people of the country.Why should their interests be ignoredin considering financial legislation ? Amo onotiary� ~gystem which is peculiarlyadvantageous toa tew syndicates hasless to commend it than a system whichwould give hope and encouragement to~ates have not been re-: Meare 5 61 the nations wealth. "__IN ANSWER TO OPPONENTS.oOur op, onents have made a specialappeal to those who hold fire and lifeinsurance policies, but these policy hold-ers say that since the total premiums.eccived exceed the total losses paid aiising standard must be of more benefitto the compaties than to the policyholders.oMuch solicitude has been expressedby our opponents for th. depusitors insavings banks. They constantly. par-ade before these depositors the advant-ages of a gold standard, but these ap-peals will be in vain, becau e savingsback depositors know that under a goldstandard there is increasing dangerthat they will lose their deposits, be-cause of the inability of the banks tocollect their assets ; and they still furth-er know that if the gold standard isto continue indefinitely they may becompelled to withdraw their deposits inorder to pay living expenses.oIt is only necessary to ncte the In-creasing number of failures in order toknow that a gold standard is ruinous 10merchants and manufacturers. Thesebusiaes nen do not make their profitsfrom the pzople from whom they bor-rowed money, but from the people towhom they sell their goods. If the peo-ple connot buy, retail2rs cannot sell, andit retailers cannot sell, wholesale merck-ants and manufacturers must go Intobankruptcy.�oThose who hold as a permanent in-vestment, the stock of railroads and otother enterptises"I do not includethose who speculate in stocks or usestock holdings as a meaus of obtaininginside advantage in contracts"are in"jured by a gold standard. The risingdollar destroys the earning power ofthese enterprises without reducing theirliabilities, and, as dividends cannot bepaid untill fixed charges have been sat-isfied, the stockholders must bear theburden of hard times,oSalaries in business occupations de-p2nd upon business conditions, and thegold standard both lessens the amountaud threacens the permanency of suchs aries.oOfficial authorities, except the salaries of these who hold office tor hfe,wouldin the long run be adjusted tothe needs of those who occupy them,and if the present policy continues, wemust expect the coniest between thetaxpayer and the tax-cater to increasein bitterness.oThe professional classes"ia__ themain"derive their support from theproducing classes, and can only enjoyprosperity when there is prosperity. Iam not tempted to describe the effectof the gold standard upon classes, infact, I have time to mention a tew, buteach person will be able to apply theprinciple expressed to his own case. Itis the earnestness of ~he people gener-ally to convert their earnings into realor personal property. This being true,in considering any temporary advantagewhich may come trom a system underwhich the dollar rises ia its purchasing | °power, it must not be forgotten thatthe dollar cannot buy move than for"nférly unless property sells for lessthan formerly. Henze it will be seenthat a large portion of those whomay find some pecuniary advantage ina gold standard will discover tnat theirlosses exceed their gains. |oTt is sometimes asserted by our op-ponents that a bank belongs to thedebtor class, but this is not true of anysolvent bank. Every statement pub-lished by a solyent bank shows that uneassetts exceed the liabilities. ~This isto say, while the bank owes a largeamount of money to its depositors itnot only has enough on hand in moneyand notes to pay its depositors, but, inaddision thereto, has enough to coverits capital and surplus. When thedollar is rising in value slowly, a bank|;may, by making short time loans andtaking good security, avoid loss, but,is apt to lose more money because ofbad debts than it can gain by the inecrease in purchasing power of its ~cap.ital and surplus,. oTé must be admitted, however, thatsome banks.combine the business of abond ~broker with ordinary banking |in the negotiation of loans to offset theis to prevent men from injuring onewhen prices are falling rapidly, the bank |losses arising in legitimate banking|business. As long as human natureremains as it is, there will always bedanger that, unless resurained Ly thepublic opinion or legal enac'ment, those |who see a pecuniary profit for them-selves in a certain condition may yieldto the temptation 1o bring about thatcondition. Jefferson has stated thatone of the main duties of governmentanother, and never was that duty moreimportant than to-day. It is notstrange that those who have made aprofit by furnishing gold to the govern-ment in the hour of its extremity favora financial pulicy which will keep thegove-nment dependent upon them. Ibelieve, however, that I speak the sen-timent of the vast majority of the ~ peo-ple when I say that a financial policyadministered in behalf of all the peoplewould make our government independ-ent of any combination of financiers,foreign or domestic.oLet me say a word, now, in regardto ccrtain persons who are pecuniarilybenefited by a gold standard and w hofavor it, not from a desire to trespassupon the rights of others, but becausethe circumstances v hich surround thembind them to the effect that the goldstandard has upon others.[CONTINUED IN NFXL ISSUE. ]1ESTAbLIiISHED 1875.SAM. iM. SCHULTZ,PORK SLIDES & SHOTLDERSJARMERS AND MERCHANTS BLYkt ing their yearTs supplies will tingtheir incerest to get our prices befere prschasing elsewhere. Ourstock iscompleten allits branches.FLOUR, COFFEE, SUGAKRICH, THA, &c.Aways wi LOWEST MARKET PRICESTOBACEO SNUFF. & CIGARSwe buy direct from Manufacturers, enabling youto buy at ore prolit. A comdlote stock ofFURNITUREalwavs onband and sold at prices tosulthe times. Our yoods areall bought andsold for CASH therefore, having no riskto run,we sell at a close margin.S. M. SCHULTZ Greenville. N Cr PNT VAN Aoare what youtwant inBecause an old aisle ae A=)shows the wearer to be up to date.NY SPRING STOCKis in and embraces the very latest" and ca of new PatternaT also have a lovely display of|Shirt Waists, Stamped Linens,Embroidery Silks, Ribbon Collarsand other new| My entire stock infprettier thanever before. . "] HAVE TBE PRETTIEST_""LINE OF "~Wall Paper!ever shown in Greenville. Besure to see my samples. All newstyles, not an old piece in the lot.Will take pleasure in bringingsamples to your home if you willnotify me at wy shop near HumeberTs, on Dickerson avenue,A. P ELLINGTON.Greenville Market.Corrected by S. M. Schultz§!emerBntter, per lb 15 to 25-Western Sices 6 to TSugar cured Hams 10 to 124Corn 40 to 60Corn Meal * 50 to 65Flour, Family 4.25 to 5,00Lard 54 to 10Oats 35 to 4@Sugar 4 toCoffee 15 to 25Salt per Sack 80 to 1 75Chickens 10 to 25Eggs per doz W toll20:Beeswax. perCotton, and reanui,Below are Norfolk 3prices of cotton.and peanuts for yesterday, as furnishedby Cobb Bros. & Commission Mer-chants of Norfok -COTTON.Good Middling 78Middlipg 7%Low Middling 7Good Ordinary 6 5-16Tone"quie °PEANUYS.| Prime , . 24Extra Prime 3oancy 3}$1.10 buSpanishTone"tfirm.ce eterna a neemGREENVILLE TOBACCO MARKETREFORT.,L. JOYNER.Lucs"Common.... - 24 to 8o Fine.... eeeee.-e-7 to 14Currers"Common... ....64 tol0o Fine.... ......10 to 18JOD LOGD POISONA SPECI LT Y ves, seofi ary orTera? ECI Al. SO A 6 permanentlyRy aired in 15t035 days. You can betreatcd atyhome forsame price under same guaranewy ty. Ifyou prefer tocome here we will conetract to pay railroad fareand hotel! bills,andLY ©.nocharge, if Akg fail to cure. If you have taken merecury, odide in and still have aches angains, La Aad tehes in mouth, Sore Throat,imples, Copper Colored Spots, Ulcers on.any part of the body, Ilair or Eyebrows fallinout, it is this Secondary BLOOD POISOwe ;uarantce to cure. We solicit the most obsti«pate caseg and challenre the world foracase wecannoteure. This diveane nas aiwaysbaffled tho skill of the most eminent physi-Cianse $500,060 capital bchind our uncondietional gueranty. Absolute prow: 8 sont sealed onapplication. Address COOL. [22TH D82 Masonic Lerale. CciGat 34), ELTlana tRNA A EEOMESCHGOL FOR GLRLS.Will open at oElm Cottage,TOct. 2nd a Home School for Girls.from 8 tu 16 years of age. Nuti-ber limited to i0. AddressMrs. A. L. MoO. WHELAYy aNorwoed P. O Nelson Cc.ene a ees eT TC"Professional Cards."s. 3 reJohn E. Woodard, rv. Harding,Wilson, N.C. Greenville, N.¢ .OODARD & HARDING,ATYORNEYS-AT-LAW,Greenville, N.Special attention given co collectionsanT settlement of claims,Loans made on short time,JOHN F. ores rion ®and Wholesale Dealers ia pesrareryImportersVeen onan Bane bag egHarmoni-{ns Se ate Sooo_""Nee eeeicn iat ciate ni3arbers.panes A. SMITH, |TONSORIAL ARTIST.+ GREENVILLE. N. 0Patronage solicited. Cleaning, Dyeingand Preesiog Gents totes a specialtyFASHIONABLE BARE EK.Special attention given to cleaningera Ontong.eae EDMUNDS,OTEL NICHOLSON,J. A, BuRG@EsS, Mgr,Washington, N.Y, 4...This Hotel has been thorough Henvated, several new rooms soaeh, getric bells to " room. Sankaitet en bess seein1. OR PE |*onc meg wlic sollviCeutrely o=o § ine$ +ig eeTek ee