The Democrat. (McKinney, Tex.), Vol. 9, No. 37, Ed. 1 Thursday, January 12, 1893 Page: 4 of 4
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THE DEMOCRAT.
Tlio It.utliiig jut «f Collin County
,8b''V
7^' u'L^' ■-
L, .l-ton ami 'IVxii* Central llailway
1 line Tuiiir.
Going North, No. IS Arrives .V21 a
, ii •• 8 " VI:68 a
South
2
a
4
14
m.
nr
:05 p. in.
8:)M n. in.
4:49 p.m.
'.•:3.S p. m.
l.«avoti
Arrives
Knot Line ltallroud.
8:27 a. in.
! • m<
SjUUSCMlTlOJi It *tm:
One Your
Blurlit Months,
81* Mouth*
I'hree •'
l.oo
7ft
40
Our AUvortlwiuflr W®108-
One column 1 year 1130.00
Hcolumn 1 year
1-incli single column H.00
Local nctleea, 7 cent* per line foi
each insertion. Obituaries of wore
than 10 lines will be charged for at our
asnal rates.
All contracts will be charged for if*
proportion to the aboTe.
Address.
F. C. Tiiomi'sos, Proprietor,
McKinnev, Texes.
11 1 ■ '■ ■
CHURCH DIRECTORY.
CUMBERLAND PHMBYTKR1AX.
Services every Sabbath at 11 o'clock
a. m. and7:110 p.m. Rev.
oastor. Sabbath school every sabbat h
it l):30 a. tu. superintend-
ent.
FlUWlYTKltUK.
Services every Sabbath at 11 o'clock
a. m. and 7:30 p.m., Rev.G. A. Itu«-
sell pastor. Sabbath school every sab-
bath at 0s80 n. «. l'rajer meeting
every Wednesday night at <:30.
mbtiiodi9t.
Seivices every Snbbath at 11 o'clock
a. m. and 7:15 p. m.. Rev. Fladger oas-
tor. Sabbath Bchool every Sabbath at
0:45 a. m. l'rayer meeting every Wad-
ncsday niglit at 7:30.
CHMHTUK,
Preaching every Sabbath morning at
11 a. m. ana 7:30 p
m. Elder
school every Sabbath
;>erintend-
t'ednesday
pastor. Sunday
to («:30 a. m. P. Harris, superintend
ent. Prayermietingevery W
night at 7:30,
baptist.
Preaching every Sunday at 11 o'clock
n. Ill and 7:IB p. in., Rev. Sims pantor.
Sunday school Sunday morning at 0:46
o'clock. T. C. Perry, superintendent
i ' i >. m < u
OBJECTIONS TO THE Bill-
TltEABl'HY PLAN.
LAND AND LOAN SYSTEM IN
A NEW FOllM.
Monetary Medium,—Continued.
Auxiliary Money,
(CONTINUKl) KKOM LAST I8SVK)
ar i'ror. a. r. a. straio.
Aside from thin auxiliary
issued on private security for
periods of tive, ten or tifteeu
yearn, and constituting a
portion of the volume of
tnouey, still a minor auxil-
iary, which I will call
auxiliary scrip, or scrip,
migfrt be issued for periods of
from three to six months;
which, while in circulation,
would be an addittou to the
general volume of money.
Howeyer, this issue would
be required to be under such a
regulation as not to cause in-
flation. Probaply, the issue
would be required to be limit-
ed to three or four months, as
for a longer period might call
too much of this money into
circulation so as to destroy the
parity of the regular volume of
money.
The purpose of this scrip
would be mostly for conveini
ence in promt money raising,
as in the case of speculators,
and uct so much as an assist
ance to the poorer classes; and
would bear close relation to
the postage stamps and postal
notes when used as a medium
of exchange, although would
be endowed with the functions
of money. Tlie reason it
would be mostly for conveni-
euce and not so much as an as-
sistance to the poorer classes
is that the loans would not
oontinue long enough so as to
be of much advantage.
The way this scrip can be
brought to persons without the
intervention of private bank-
ing corporations with facility:
is as follows;—
Have a difference made be-
tween the paper notes of the
Calendar of District, County and
Commissioners Court of Col-
lin County.
District Cot icr: lion. P. B. Mu8e'j flet and auxiliary money and
the scrip by having the scrip
of a different look and model
Judge. , , .
Court convenes 1st Mondays in Jan.
unry and .tune ofene.h year.
County Court: M. C<. Abernathy,
Judge.
Court convenes for civil, criminial
and probate business. Monday In
March : 3rd Monday In May; 4th Mon-
day in J uly ; 2nd Monday in Oct. and
2nd Monday In December of each year.
CommissionersCorRT: Convenes 2nd
Mondays in February, May, August
and November of each year.
County OUlclnlH.
M. (i. Abernathy,
T. !•'. Mangniii.
.1. W. Waddlll,
J. L. Moulden,
John W. McKinnev
R. S. Chandler,
W. ii. Taylor.
S P. Clardy,
County Judge.
County Attorney.
Couaty Clerk
SherUl.
Tax Collector.
Tax Assessor.
County Tre* surer.
County Surveyor.
PEOPLE.
We recommend Texas Farm
and Ranch as the beat farm and
family paper published in the
South. It contains original and
interesting articles in each
issue of yalue to each member
of every family. Any of our
readers who are not subscrib-
ers to this excellent paper
should at once send to Texas
Farm and Kanch, Dallas, Tex.,
for a free sample copy. Sub-
scriptions taken at the Demo-
crat office.
|5gr"Kindell •& McWhirter
have a splendid stock of staple
and fancy groceries for you to
select from at the most reason-
ible prices.
TAKE
t
I
O ALL POINTS
.'ORTH and EAST.
JU6H TRAINS CARRY
1 ilman i'i Sleepers
Between Points in TEXAS and
iicago,St. Louis
-AND-:
KANSAS CITY.
Also
free Reclining Chair Cars
-inirHW-
. /LOR AND KANSAS CITY AND HANNIBAL
i ,e Connections In all of tb« abort cillw
*ifli fast trains of easlern and northern
licet, make the N. K. A T. R'y
the best Hoe to
jw York, Boston, Montreal and
St, Paul,
. H DO.VOKMAlt. O. 1>AJ80K,
i.p.a. r.r.A.,
rr Tri Hiwrtno.Ta*.
I r. HVtlHKK. O I'.iT A .iMiitono T m
I rkVLKnkll *. U
I, I' A T A A <J. r. ,
'ik *
A. j r
*" I to
anl gool on'y fur the time
th<y ure coDiractei for, the
date and } 1 ice when and where
given and the time of expira-
tion put on the notes. And at
the expiration of which time,
the bearer thereof goes to the
nearest bank and exchanges it
for other money and the expir-
ed scrip destroyed; when also,
at the place it was contracted
for, the money would be re
funded by the contractor, else
the obligation again renewed.
1 will illustrate by example.
Say A has a need lor one hun-
dred dollars, and has available
for prompt money raising
bonds as satisfactory security,
or a mortgage on land answer-
ing the same. He woald then
go to the department of bank-
ing in the post-office building
and present his security, which
would be liled away by the re-
spective department; and A
would have filled out to him
the blank scrip iu whatever
snms he would wish, tbe date
and place when and where giv
en and tbe time of expiration
put on the notes, and signed
and sealed by the proper offici-
als.
Say he had now made his in-
vestment, and that his scrip had
gone abroad; and the time for
him to i ay his obligation has
arrived. Now, on the day it iB
due, he goes to the respective
department and pays his debt
and gets in return the secur.ity
he had left; while on the same
day the men abroad go to their
nearest bank and present their
expiring scrip and obtain other
money, communication be-
twixt the former and the other
banks is had, and the obliga-
tion cancelled.
This would be a very simple,
practical and economical mode
for the government to deal
directly with tho people.
Even, very similar would this
■crip be to the postal notes
now under the postal system.
Here, tbe postal notes have ex-
pressed the amount the bearer
is entitled to, and th it it is good
for three months; and that
after the expiration of which
time it is worthless. The only
difference between this scrip
and these postal notes id that
the scrip is secured by mort-
gages or other satisfactory se-
curity and good for the respect-
ive time, while the postal notes
are secured by paying directly
the poiMuutvr tbe respect-
ive amout and are good for the
time of three months. Aud so,
as far aB practicability aud
economy is concerned, one is
as practical and economical as
the other.
As alluded, the only objec-
tion to this scrip, is the precau
tlon that would have to be ta-
ken against an over-issue so an
to cause inllation.
Still, not as much precaution
against inflation need there be
as might be supposed, lu the
first place, the augmentation of
the volume of money by the
scrip would never be greater
than the amount under actual
use, since the new issues mere
ly take the place of those
whose time expires. Aud sec-
ondly, the essential require-
ment is for the volumo of mon-
ey to be in harmony with the
volume of busiuess to be trans-
acted; whereas, the volume of
business being constantly at a
fluctuation, the volume of mon-
ey should too be in fluctuation
accordingly.
But by the nature of the
question at the very time there
would be the greatest pa-
tronage of this scrip, the vol-
ume of business would be the
greatest; being there would
then be the greatest demand
for it. So that, to a great
extent, this scrip would only
serve to level or regulate the
volume of money instead of be-
ing required to be regulated it-
self, as those who have use for
money that length of time
could waut it, universally, for
no other purpose thsn to trans
act a portion of the swelling
business. Even the portion of
the scrip directly usd for other
purposes than to meet the
swelling volume of business, is
as liable to serve in keeping
the volume of money regulat-
ed by augmenting it when the
Volume of business is at ite
maximum than to prove a de-
trim - nt by being excessive
when the volume of business is
at its minimum.
It is here that the temporary
mediums of exchauge, postage
stamps, negotiable notes, ect.,
when used as such, do not
cause inflation nor financial de-
terment; the volume of busi
ness teing at a fluctuation,
they serve as much (or more,
for a reason given above) to
meet the deficiency when the
volume of business is at its
maximum as to produco infia
tion when the volume of busi
is at its minimum.
However, it is to be under-
stood that the demand for
this scrip just described is in-
significant to that of the auxil-
iary described in the lirst part
of the chapter. But after the
fiat money system and auxili -
ary, as desciibed, are once es-
tablished, whereby so many
unnecessary taxes and anvanc-
es will be saved to the people,
the latter might too, then, be
established, and prove a great
propriety. To make this scrip
readily acceptable, a premium
could be giveu on it; have the
borrower pay a little more, so
that when its time expires, the
bearer will realize a little prolit
for his trouble in exchanging it.
After, with much seriousness
and study in 1890, I devised, to
my own satisfaction, a moneta-
ry system for the government to
deal directly with the people
instead of dealing with them
through the private banking
corporations at such great ex
tortious, and which 1 had pub-
lished in 1891, I became aware
of the fact, that that which is
adyocated under the farmers
alliance as the SujiTRKAsritv
Plan is about the same as I
herein know by ArxiLiAjtY
bobil', only that in the sub-
treasury plan there is a build-
ing of warehouses and money
to be loaned on grain and farm
products generaly as well.
So,in this second issue of my
book, 1 - will make mention
thereof; and give my views also
on the subtreas'iry plan.
In the lirst place 1 lind this
system open to the very evils
which in the said issue, 1 avoid
with difficulty,—such as a
method of emitting and relin-
quishing the issue, and to pre
vent inflation to as not to de-
stroy the parity of the rogularr
volume of money.
But, admitting that the mon-
ey called iuto circulation in
this manner by mortgages on
grain'and farm products gener-
ally and rtlinquised when
through with ite use would be
in harmouy with the increase
*a4 decrease ot the volume of
business, the question is,
would it be of snffient advan-
tage to the farming classes to
justify even the building of
government warehousses..
The only reason a farmer
could have to obtain money on
his farm products would be to
hold them with expectation of
g " ing a higher price, since
otliei wise he oould sell it and
get the money at ohce. So
that the only way in which a
farmer could expect to be ben-
efited by l he subtreasury
would be to hold his produce
for u time iu view of obtaining
a higher price—no use of mon-
ey, thus obtained, to invest in
land, no factor for renters to
obtain farms of their own aB
would be the case in tho land
loan project. Even, whether
the farmer could get a higher
price for his produce after
storing it for a time, under
our present systems and or-
ganized money power, is very
doubtful in my mind; when
he would be out the charg-
es for storage and other
expenses still besides. The
proper mdnner of obtaining
just prices for produce, aud re-
gulating prices generally, as
relative to private trade, is
through private arrangement,
such as 1 described uuder Co-
operation of occupants, part
two.
And, again, admitting that it
was a good thing, then the
money, that would be issued on
produce all over the country,
as everyone would want
to get the benefit of
the system, amounting un-
doubtedly to millions of dol-
lars aud likely more than all
the other money in circulation
—what effect would it have ?
Talking about the volume of
money regulating prices—what
would tbia double volume of
money thrown into circulation
do f It appears to me that this
is a groping in the dark, where
no true patriot would care to
tread, I'll admit that this aug-
mentation of the volume of
money would raise prices in
favor of the farmers. But I
am no more for farmers than
other laborers. I am for equal
rights to all and special privi-
leges to none.
The only way I can see that
ever such a system of issuing
an unlimited amount of money
on produce would answer with
any justice whatever, would be
to discard entirely the standing
volume of money and have all—
farmers, manufacturers, col-
liers, etc.—when in need of a
medium to make exchange, get
it on their produce, manufac-
tured goods, and products of the
earth generally, and when they
get through with its use, give
up their securities and again
withdraw the medium ; which,
in conformity to my logic,
would be grossly inconsistent.
And, here I think a reform
movement is guilty of making
one of the greatest mistakes
in its cause, a branching off
into the lields of conjecture in
stead of taking measures which
are philosophical and of a form
that can be demonstrated with-
out a doubt to be in the general
interest of the masses,
A sound linaucial system is
what is first wanted ; compris-
ing a uniform volume of mon-
ey, and apart from private cor-
porations, and under jurisdic
tion and management of a de
partment of the government
the same as other public mat-
ters, in a manner I have de-
scribed. Restore the issuing
power of money and the Juris
diction thereof to the people
under a department of the gov
ernment, and get rid of the
banking aristocracy; and after
wards think about embellish
ing the financial system with
such things as the auxiliary
scrip,or something in the nature
of Subtreasury plans.
When a woman clinches her
teeth, shuts up her fists and
remarks, in a concentrated
voice. "I wish I was that
man's wife for about five min-
utes," it is mighty lucky for
"that man" that she isn't.—
Texas Siftinsjs.
Lawa for Collection of Debts.
The following story concern-
ing Horace tireely gives soiue
excellent points on the matter
of repealing laws for the collec-
tion of debtq:
Greely did not like lawyers.
"Mr. Greeley," said Patridge,
"this is Denslow, a young at-
torney." Greeley uttered a
short grunt of recognition, but
did not even look around. I,
embarrassed, shrunk away to
one corner, aud took a chair.
He weut around the room look-
ing at pictures, and what not,
and in about tive minutes, when
his back waB turned on me,
and I thought he had forgotten
me, he suddenly, without look-
ing at me, said, "Hera ! so you
are an attorney, are you ?"
I confessed it.
"I hate lawyers; they do
more mischief than their heads
are worth."
"I suppose they are a necee
sary evil," I suggested depre-
catingly.
"Wholly unecessary," he in-
sisted.
"I suppose you willacknowl-
ege," I said, "that they pro-
mote good order and remove
impediments to good govern-
ment."
"Just the contrary! just the
contrary!" he squeaked in his
old faleetto; "they causa disor-
der, and are the chief obstacles
to good government.
i thought the man was crazy.
"Perhaps you will tell me," I
suggested, "how bad debts
oould be collected without at-
torneys ?"
"Don't want 'em collected !
don't want 'em collected" he
squeaked. If A lets B have his
property without payment I
don't see why C. D. E. F. and
all the-rest of the alphabet
should be called upon to act aB
police to gat it back ! No debt
should be collected by law.
It's monstrous. Let a man
trust another at his owu risk.
Even a gambler paj'B debts
that he isn't legally bound to
pay and calls them debts of
honor; but men will put
SNAP 8UOT8.
I Dnlia* Newi.]
When a love-sick couple
stop talking ent'rely they are
telling the old, old story.
Every man haB a weak place
somewhere, and it is oftener
his head than his heel.
Even many of of our maxims
are little better than moss-cov
ered errors.
A self-made man is one who
seems to have forgotten all
that his father and mother and
all the people have done for
him.
When a barber gets his
thumb into your mouth you
can not jaw him back.
Female barbers are altogetli*
too sympathetic. One of them
has never been known to reap
down a heavenly mustache,
It is estimated that nine wives
in ten can tell over the 'phone
whether hubby has been smil-
ing any since breakfast, the
tenth wife does not need the
'phone.
Oovornmont Warehouses.
Silver bullion stored.
Gold bullion stored.
Banker's bonds stored.
Importers' goods stored.
Exporters' goods stored.
Whiskey stored.
Gold coin stored.
These various things are
stored by the I'nited States
government as the property of
favored individuals,fre-i of any
cost whatever, and distingnish-
•d leaders and lawyers of the
two dominant parties have not
yet questioned or even investi-
gated the unconstitutionality of
the law that authorizes the
storage, the Supreme Court ap
proves and who objects ?
That's it.—Exchange.
WEEKLY
COURIER-JOURNAL.
llE.NHY WATTEKSOJi, Editor.
their ; Best DEMOCRATIC PAPER PUBLISHED
Young l'rettywilde—"Doc
tor, I am suffering from insom-
nia. Can you suggest a rem-
edy ?" Dr. Squills—"Certain-
ly. Don't stay all night."
—Chicago News-Iiecord.
He—"Not mirtied yeti"—
She—"No 1" He—1"Impost*
ble 1" She—'"S > 1 am beglniog
to thi k 1"—N« v York World.
property out of their hands to
prevent the legal collection of
their grocery bills. Abolish
all laws for the collectin of
debts and that will abolish
most of your lawyers-good
riddance."
Oovornmont Loans.
To national banks at 1 per ct.
To deposit banks at no per
cent'
To Pacific railroads at no per
cent.
To Centennial exposition at
no per cent.
To New Orleaus exposition
at no percent.
To Paris expositon at no per
cent1
To Chicago exposition at no
per cent.
To whiskey vendors at no per
cent.
To all these combinations
the United States Government
loans money. To some of
them it actualy loans money
and pays interest for the priv-
ilege of loaning at no per cent.
Leading constitunional law-
yers have stool in Congress
and pronoticed all these loans
eminently constitutional.
Still we find men and partisan
papers who deny this truth,
—Exchange.
Agnes—"I wonder why they
put clocks on Btockings." Maud
—"So we can tell if the colors
are fast*"—Brooklyn Life.
"Yes, stranger," said the na
tive of the aspiring Western ril
lage, "five years ago this hnll
place were a wilderness; noth-
in' but perarie grars and red in-
juns. Now stranger, there be
twenty men in that Jail over
yonder, and forty more in the
poor-hous. It's a growin, stran
ger."—Boston Transcript.
m* • —
Texas boasts that it has 67
couuties, each of which is larg-
er than the entire state of
Rhode Island.
Only
Has the
According to French divorce
statistics,the most unhappy pe-
riod of matrimony is between
the fifth and tenth year after
the honeymoon.
In only 30 of Oregon's new
orchards there are 0,000,000
young fruit trees.
The population of London
now exceeds that of New York.
Brooklyn, Philadelphia aud
Chicago, oombined; and these
four are the ouly American
oities haviog one million or
more inhabitant® each.
Mi.OO n Your,
Nest Condensed News,
ltest Storiea,
llest Miscellany,
ltest Women'a and ( hii-
ilren'a Dapartinonr.
Ileal Answer* to Qorres-
pomlenta Depart-
ment,
llrat Editorial*.
It idrea array a valuable premium every
day for the largest club rewrite*!.
Sample copies of th VVeekly Courier-
Journal will b« sent free to any a«l-
dreiw. Wrlie to
cot R1KIUOUHNAL CO.,
Louisville, K).
Subscriptions received at the !>«mo
cimt olllce, .McKinnev, Texas.
If
You Think
' kind « f a rrop will «io,
Any kind uf * ill <lu ; but for
(In* i«-M rt-MiIti you ohotild planl
I Ar>vn\ s U * th*\v n c< fnl frl uJ
tho afafMUirrl every*b«r*.
Ferry'* *rr«l Annnnl I* the most
important t« >k <*f ll.tr kind
lisliM. It la In valuable to lb®
planter, V\ # wnd it Iree.
D. M. FERRY & CO.
DETROIT,
Mica.
rtm"dwf|(i>
w£ buy?
some bv\HS
flriD soMe bwey.
RICE J\tiD '
S°rie rye.
bu-t nevea mind
"THO.SE ifyooil
ONLY BE 5
JljjD REmEMBER SOME
*"ClAt!OTTK.S<U>
KXtfaBMlf Ms Studis! sn?
au. grocers keep it:
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HEAD
X,
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v
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Collin county. Price $1.50 pel
year. For $1.90, payable in at
vance you can get the DEMOCRAT
and any of the following leadini
journals.
Courier-Journal, Louisville, Ky.
Globe-Democrat, St. Louis, Mo.
Republic, " "
Constitution, Atlanta, Ga.
Gazette, Fort Worth, Texas.
News, Dallas,
Truth, San Antonio,
Farm & Ranch, Dallas,
If you wish to take any one of th<
above publications call at once an<
we will take your subscription foj
the same. Respectfully,
THE DEMOCRAT,
McKinney, Texas.
44
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Thompson, F. C. The Democrat. (McKinney, Tex.), Vol. 9, No. 37, Ed. 1 Thursday, January 12, 1893, newspaper, January 12, 1893; McKinney, Texas. (https://texashistory.unt.edu/ark:/67531/metapth191761/m1/4/: accessed May 7, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Collin County Genealogical Society.