A Rename From Business. Stock must be sold at once. ITAFT BROS, Wall Street. that. V. Till/101000 President Writes a Special Mes- sage onothe Subject. Whole No. SMALL BONDS SUGGESTED. They Are to Be For $20 and $50 Each and Multiples Thereof. They Are to Be Redeemable In Gold, and Notes \Vhich Are Presented Are to Be Canceled Instead of Being Reissued—The President’s Reflections on the Financial Stringency and His Appeal For the Ig- noring of Partisan Feeling—A Bill In- troduced In Line \Vith His Recommen- dations. WASHINGTON, Jan. 29.——The president sent to congress the following special mes- sage on the financial question: “To the Senate and House of Representa- tives: - “In my last annual message I com- mended to the serious consideration of the congress the condition of our national finances, and in connection with the sub- ject indorsed the plan of currency legisla- ' tion which at that time seemed to furnish protection against impending danger. This plan has not been approved by the congress. In the meantime the situation has so changed and the emergency now appears ' so threatening that I deem it my duty to ask at the hands of the legislative branch of the government such prompt and effective action as will restore confl- dencc in our financial soundness and avert business disaster and universal distress among our people. “Whatever may be the merits of the plan outlined in my annual message as a remedy for ills then existing and as a safeguard against the depletion of the gold reserve then. in the treasury, I am now convincedvthat its reception by the con- gress} and our present advanced stage of financial pcrplexity necessitates additional or different" legislation. f‘With natural resources unlimited in variety'and productive strength and with a people whose activity and enterprise seek onlya fair- opportunity to achieve national success and greatness our progress should not be checked by a false financial policy and a headless disregard of sound monetary laws, nor should the timidity and fear which they engender stand in the way of our prosperity. _ ‘ Partlsanship Deprecated. :“;It;.is hardly disputed that this predica- mentconfronts'us today. Therefore no one in any degree responsible for the mak- ing and execution of our laws should fail to' see a patriotic duty in honestly and sincerely attempting to relieve the situa- tion. Manifestly this effort will not suc- ceed unless it is made untrammeled by theprejudice of partisanship and with a steadfast determination to resist the temp- tation to accomplish party advantage. We may well remember that if we are threat- ened with financial difficulties all our peo- ple in every station of life are concerned, and Surely those who suffer will not re- ceive the promotion of party interests as an excuse for permitting our present trou- bles to advance to a disastrous conclusion. It is also of the utmost importance that we approach the study of the problems presented as free as possible from the tyranny of preconceived opinions to the end that in a common danger we may be able to seek with uncloudcd vision a safe and reasonable protection. ”The real trouble which confronts us consists in a lack of confidence widespread and constantly increasing in the continu- ing ability or disposition of the govern- ment to pay its obligations in gold. This lack of confidence grows to some extent out of the palpable and apparent embar- rassment attending the efforts of the gov- crnment under existing laws to procure Amid and to a great extent out of the im- BROKEN DOWN --by disease is the natural result if you allow your liver to become in- active, your blood impure, and your system run down. The germs of Consumption, Grip, or Malaria, wait for this time of weakness—this is their opportunity. If you reuse the liver to activity, so it will throw elf these germs, purify the blood so there will be no weak spots ; build up healthy weight Where there is a falling off, you will reSt secure from disease, for you’ll be germ-proof: Dr. Pierce’s Golden Medical Dis- covery does this as nothing else can. That’s the reason it can be guaran- teed. In convalescence from pneu- monia, fevers, or other wasting dis- eases, it’s an appetizing, restorative tonic to build up needed flesh and strength. For all diseases of the liver or blood if “Discovery” fails to benefit or cure, you have your money back. R. SAGE’SCatarrh Rem- edy will cure the worst Chronic Catarrh in the Head -—-perfectly and permanently. Fifty cents, by all dealers. ».. “Equal and Exact Justice to all. Men 701‘: Whatever 1037 possibility of either keeping it in‘the treas- ury or canceling obligations by its ex. penditure after it is obtained. The Present Drawback. “The only way left open to the govern- ment for procuring gold is by the issue and sale of its bonds. The only bonds that can be so issued were authorized nearly 25 years ago and are not well calCulatedto meet our present needs. Among other dis- advantages they are made payable in coin instead of specifically in gold, which in ex- isting conditions detracts largely and in an increasing ratio from their desirability as investments. It is by no means certain that bonds of this description can much longer be disposed of at a price creditable to the financial character of our govern- ment. The most dangerous and irritating feature of the situation, however, remains to be mentioned. It is found in the means by which the treasury is despoiled of the gold thus obtained without canceling a single government obligation and solely for the benefit of those who find profit in shipping it abroad or whose fears induce them to heard it at home. We have out- standing about $500,000,000 of currency notes of the government. for which gold may he demanded, and curiously enough the law requires that when presented, and, in fact, redeemed and paid in gold, they shall be reissued. Thus the same notes may do duty many times in drawing gold from the treasury, nor can the process be arrested as long as private parties for profit or otherwise see an advantage in repeating the operation. More than $300,000,000 in ‘ these notes have already been redeemedvin gold, and notwithstanding such redemp- tion they are all still outstanding. Since the 17th day of January, 1894, our bonded interest bearing debt has been increased $100,000,000, for thopurposes of obtaining gold to replenish our coin reserve. Two is- sues were made, amounting to $50,000,000 each—one in January andthe other in No— vember. As a result of the first issue there was realized something more than $50,- 000,000 in gold. ’ The Second Bond Issue. “Between that issue and the succeeding one in November, comprising a period of about ten months, nearly $103,000,000 in gold were drawn from the treasury. This made the second issue necessary, and upon that more than $58,000,000 in gold was again realized. Between the date of this second issue and the present time, covering a period of only about two months, more than $69,000,000 in gold have been drawn from the treasury. These large sums of gold were expended without any cancella- tion of government obligations or in any permanent way benefiting our people or improving our pecuniary situation. , “The financial events of the past year suggest facts and conditions which should certainly arrest attention. “More than $172,000,000 in gold have been drawn ort of the treasury during thr year for the purpose of shipments. bread or hoarding at home. . “While nearly $103,000,000 of this amount were drawn' out during the first ‘ten months of the year, a sum aggregating more than two-thirds of that amount, be- ing about $69,000,000, was drawn out during the following two months, thus indicating a marked acceleration of the depleting process with the lapse of time. “The obligations upon which this gold has been drawn from the treasury are still outstanding and are available for use in repeating the exhausting operation with shorter intervals as our perplexities ac- cumulate. Futility of Present Bonds. “Conditions are certainly supervening tending to make the bonds which may be issued to replenish our gold less useful for that purpose. “An adequate gold reserve is in all cir- cumstances absolutely essential to the up- holding of our public credit and to the maintenance of our high national charac- ter. “Our gold reserve has again reached such a stage of diminution as to require its speedy re—enforccment. . ,2 ”The aggravations that must inevitably follow present conditions and methods that will certainly lead to misfortune and loss, not only to our national credit and prosperity and to financial enterprise, but to those of our people who seek employ- ment as a. means of livelihood and to those whose only capital is their daily la- bor. 5 “It will hardly do to say that a simple increase of revenue will cure our troubles. The apprehension now existing and con- stantly increasing as to our financial abil- ity does not rest upon a calculation of our revenue. The time has passed when the eyes of investors abroad and our people at home were fixed upon the revenues of the government. Changed conditions have at- tracted their attention to the gold of the government. There need be no fear that we cannot pay our current expenses with such money as we have. There is now in the treasury a comfortable surplus of more than $63,000,000, but it is not in gold, and therefore (1098:1101; meet our difficulty. "1 cannot see that difierences or opinion concerning the extent to which silver ought to be coined or used in our our- rency should interfere with the counsels of those whose duty it is to rectify evils- now apparent in our financial situation. They have to consider the question of na- tional credit‘ and the consequences that will fall from its collapse. Whatever ideas may he insisted upon as to silver or bi- metallism, a proper solution of the ques- tion now pressing upon us only reguires a recognition of gold as well as silver and a concession of its importance, rightfully or wrongfully acquired, as a basis of na- tional credit, a necessity in the honorable discharge of our obligations, payable in gold, and a badge of solvency. I do not un- derstand that the real friends of silver de- sire a condition that might follow inac- tion or neglect to appreciate the meaning of the present cxigency if it should result in the entire banishment of gold from our ' financial and currency arrangements. “Besides the [treasury notes which cer- tainly should be paid in gold, amounting to nearly $500,000,000, there will fall due in 1904 $100,000,000 in bonds. issued dur- ing the last year, for which we have re- ceived gold, and in 1907 nearly $600,000,- 000 of 4 per cent bonds, issued in 1877. Shall the payment of these obligations in gold be repudiated? If they are to be paid in such a manner as the preservation of our national honor and national solvency demands, we should not destroy or, even impcril our ability to supply ourSclves with cold for that purpose. ' L A L‘“ A» - _ aim-Jr. ' f3; — -4-.- .1...” Stateor Persuasion, Religious or Politiou .”-—Jefi"arson A Natal.100......‘4rgsgas‘Erasing, is...” 29,1895. ‘ “ , cial safety and the preservation of national I believe thorough and radical' remedial legislation should be promptly passed. I therefore beg the congress to’give the sub: ject immediate attention. Small Bonds Suggested. - '5 “In my opinion, the secretary of the treasury should be authorized to issue of procuring and maintaining a sufficient gold reserve, and the redemption and can- cellation of the United States legal tender notes, and the treasury notes issued for the purchase of silver under the law of J u- ly 14, 1890. We should be relieved from the humiliating process of issuing bonds to procure gold to be immediately and re- peatedly drawn out on these obligations our government or our people. The prin- payable on their face in gold because they should be sold only for gold or its repre- sentative and because there would now probably be difiiculty in favorably dispos« ing of bonds not containing this stipula- tion. I suggest that the bonds be issued in denominations of 3.20 and $50 and their multiples, and that they bear interest at a. rate not exceeding 3 per cent per annum. I do not see why they should not be pay- able 50 years from their date. We of the present generation have large amounts to pay if we meet our obligations, and long bonds are most salable. The secretary of the treasury might well be permitted at his discretion to receive on the sale of bonds the legal tender and treasury notes to be retired, and of course, when they are thus retired or redeemed in gold, they should be canceled. . “These bonds under existing laws could be deposited by national banks as security for circulation, and such banks should be allowed to issue circulation up to the face value of these or any other bonds so do- posited, cxcept bonds outstanding bearing only 2 per cent interest, and which sell in the market at less than par. National banks should not be allowed to take out circulating notes of a less denomination than $10, and when such as are now out- standing reach the treasury, except for re- demption and retirement, they should be canceled and notes of the denomination of $10 and upward issued in their stead. Silver certificates of the denomination of $10 and upward should be replaced by cer- tificates of denominations under 810. Only Duties to Be Paid In Gold. “As a constant means for the mainte- nance of a reasonable supply of gold in the treasury our duties on imports should be paid in gold, allowing all other dues to the government to be paid in any other form of money. ,. ~ , ”I believe all the provisions I have sug- gested should be embodied in our laws if we are to enjoy a complete reinstatement of a sound financial condition. They need not interfere with any currency scheme providing for the increase of the circulat- ing medium through the agency of na- tional or state banks, since they can easily be adjusted to such a scheme. Objection has been made to the issuance of interest bearing obligations for the purpose of re- tiring the noninterest bearing legal tender notes. In point of fact. however these notes have burdened us with a large load of interest, and it is still accumulating. The aggregate interest on the original issue of binds, the proceeds of which in gold con- stituted the reserve for the payment of these notes, amounted to $70,326,250 on Jan. 1, 1895, and the annual charge for in- terest on these bonds and those issued for the same purpose during the last year will be $9,145,000, dating from Jan. 1, 1895. “ While the cancellation of these notes would not relieve us from the obligations already incurred on their account, these figures are given by way of suggesting that-their existence has not been free from interest charges, and that the longer they are outstanding, judging from the ex- perience of the last year, the more expen- sive they will become. “In conclusion I'dcsiro to frankly con- fess my reluctancc to issuing more bonds in present circumstances and with no bet- ter results than have lately followed that course. “Icannot, however. refrain from add- Afliicted With Rheumatism. Mr. Geo. A. Mills, of Lebanon, Conn, says: “I was afflicted with rheumatism in my back all last winter. It was so severe at times that I could not stand up straight, but was drawn over on one side. I tried different remedies without receiving any relief until I bought a bottle of Chamberlain’s Pain Balm. After using it for three days, according to directions, my rheumatism was gone and has not returned since. I have since recommended it to others and know they have been benefited by its use. For sale by Gregory & Co. . . iii! AMERIL'AI TlllActil COMP“! SUCCESS“. new vans use. ABSOLUTELY PURE THE OL’D' RELIABLE _- swan cAPonAL GIGKR ETTE flu stood-lire Test of Tlmo MORE SOLD THA‘N ALL OTHER L ; BRANDS" COMBINED “While 1 am non unfriendly to sliver,. and while I desire to see it recognized to. f such an extent as is consistent with finan- 1 honor and credit, I am not willing to s'ee ? gold entirely banished from our currency = and finances. To avert such a consequence. bonds of the government for the purpose ~ ' for purposes not related to the benefit of , ' cipal and interest of these bonds should be ' . w’ As’i 1 f the can! Gi$ar$€iepar_i‘lla Anivii'rreo AT - \ q Alistair. > GET ' . The-Best. Ins to an assurance 0). my anxiety to co- operate with the present congress in any reasonable measure of relief an expression of my determination to leave nothing un- done which furnishes a hope for improv— ing the situation or checking a suspicion of our disinclination or disability to meet with the strictest honor every national obligation. Gnovna CLEVELAND. " A" BILL INTRODUCED. It Provides :For repaying Out the Recom- mendations Made by the President. wlsmsaros,‘ ESJan. 29.'—Chalrman Springer of theb‘agking and currency com- mittee of, ‘the‘hoiisfe has introduced a bill to carry into effect the recommendations of the president’s message. He has notified his committee to meet tomorrow morning and consider the bill. The .bill is as fol- lows: ‘ ‘ An act to authorize the secretary of the treasury to issue bonds to maintain a suf- ficient gold reserve and to redeem and re- tire United Statcs notes and for other pur- poses: ‘i‘a. “Be it enacted by the senate and house of representatives of the United States of America, in congress assembled, that in order to enable the secretary of the treas- ury to procure and maintain a sufiicient gold reserve, and, to redeem and retire United States legal tender notes and treas- ury nocts issued under the act of July 14, 1890, he is hereby authorized to issue and sell at not less than par, in gold, except as provided in section 2 of this act, United States registered or coupon bonds, in de- nominations of $20 and $50, and'multiples of said sums respectively, payable 50 years after in gold coin of the United States, of the present weight and fineness, and bear- ing interest at a rate not exceeding 3 per cent per annum, pairabie quarterly in like coin,‘a1id such bonds and the interest there- on shall havc like qualitics, privileges and exemptions as the bonds ' issued under the act approved July 14, 1870, entitled ‘An act to authorize the refunding of the na- tional debt. ’ “Such bonds may be sold and delivered in the United States or elsewhere, as may be deemed most advantageous to the in- terests of the government. ' “That whenever any United States legal tender notes or treasury notes shall be redeemed in gold they shall be canceled and not reissued, and the secretary of the treasury is hereby authorized, in his dis- cretion, to receive United States legal tender notes and treasury notes issued un- der the aforesaid act of July 14, 1890, in payment for any of the bonds issued. and the notes so received shall be canceled and not reissued.” The other sections provide absolutely for the recommendations made in the president’s message. An English View. LONDON, Jan. 29.——The Westminster Gazette, commenting on United States finances this afternoon, says: ”That Euro- pean holders should sell the worthless gambling counters they possess in the shape of American railroad shares is not surprising, but the sale of ' bonds appears to us to be, ill advised. Although the United States is in a tight corner, we do not think there is the slightest danger that the currency will fall to the silver level. The government unquestionably will use its immense credit without re- straint to keep the country’s finances on a gold basis. ” Pheasants For Ohio. Sr. MARY’S, 0., Jan. 29.—The Ohio state game and fish commission has gone into the pheasant raising business near here, and for that purpose has leased three acres of ground along the St. Mary’s reser- voir for a. period of five years. Hundreds of dollars have already been expended in erecting coops and sheds suitable for hatch- ing and breeding purposes. Forty-three pheasants were placed in tho coops. M'arried at Ninety-one. CUMBERLAND, Md, Jan. 29. --Amos Broadwater and Miss Eliza Warwick were married at Frostburg. The groom is in his ninety-first year. His first wife, with whom he lived 63-years. died 14 months ago. Broadwater has 12 children, 99 grand- children, 102 great-grandchildren and one great-greatigrandchild. The bride is in her fifty-first year. Fell Through a \Vindow. CHICAGO, Jan. 29. --A. E. Epley went to the house of A. W. Hughes, whose leg had been cut off in a railroad accident. The doctor was dressing the injury, and the sight made Epley very sick. He fell against a window. His head went through the glass, and a piece of glass almost sev- ered his jugular vein. \His condition is critical. Murdered For His Money. . RYANsroN,Wy. , Jan. 29.—Harvey Scott, one of the wealthiest cattlemen in Wyo- ming. was found dead in his stable. He had been in the stock business in the Big Horn and Uinta country for more than 20 years. The motive was probably robbery. More 'G'old'For Europe. NEW YonK, Jan. 29.—Heidelbach, Ickle- helmer &. Co. will ship $2,000,000 and Ladenburg, Thalmann &. Co. $1,000,000 In gold on the steamer Lahn, sailing to- morrow. .. ' _ ._ . .". Selling Out . , WINTER CLOTHING. at lessthan cost, Retiring from Business. _ TAFTBROSSN“ \ Price One Cent... E BOSTON STORE. . . torus. MAIN AND WALL sums, NORWALK. J M‘RW‘N _ STOCK! : . SALE BEGINS SATURDAY, MORNING, JAN. 26. _ As it is customary for us never to carry over stock from one season to another, in order to accomplish this end prices Wlll be cut so low that the result can’t be other- wise than a clean sweep. You can save money by coming early. This is a. partial list of prices : Hoisery. Ladies’ stainless hose, regular 12%c quality, 200 dozen, for this sale, 60 a. pair. ‘ ' Ladies black hose, our own importation, best 25c stocking made, usually retailed at 39c. 83 dozen in all, 17¢ a pair. Misses’ all wool ribbed hose, full round of sizes, regular price 17c, 11¢ a pair. Men’s merino socks, bought as seconds, but you can’t tell them from firsts ; value, 39¢ a pair, just think of it, two prs. for 25c. ' . Men’s black cashmere hose, regular price 50c, 19c pair, $1 for box 6 pairs. Shirts. Men’s white merino shirts, no drawers, 19c .each. Men’s outing shirts, same as we sold early in the season at 50c, 25¢ each. Ladies’ Winter Coats. We haven’t many to show—hardly worth mentioning— not over 50 garments in all. One small lot broken sizes, we won’t say what they cost, your choice at $2.50 each. Carpets. Brussels and Ingrain, regular 75c quality, ten pieces 49c, a yard. ' Gloves. Men’s Scotch wool and lined calfskin gloves and mittens regular price 59c, 36c 11 pair. Men’s Calfaud Buckskin Lined Mittens, best $1 quality, 60¢ a pair. Ladies‘ silk mittens, regular vaiue 59c, 35c a pair. Stamped Goods. Drummer’s samples and part of our own stock, slightly , soiled, prices about. half. ' All linen momie cloth d3ylie?,.value from 8c to ICC, 4c each. Linen satin finish doyiics, regular prices from 12c to 190 9c each. ' Cotton duck scarfs, tinted, 3'3 inches square, value, from 390 to 62j/2c, 24c each. Linen bureau scaris, 54x72 inches long, value from 75c to 31.5.). 59c each. Dress G0 His. In this department all Fall and VViuler Stock Reduced, in many cases, to less than half price. ‘ Twenty five pieces plain and fancy suitings. about 1000 yards in all, values from 31c. to 690, 25¢ a yard. 46 inch India twills, never sold less than 75c, in black only 49c a yard. ._ BRIDGEPORT, CONN. We guarantee to furnish better values than have been offered by compe tition, and will positively under sell all, no matter what the cost may be. Muslin and Cambric Underwear. 3;? Nightgowns, latest and most approved styles, 39c, 480, 500, 75c, and $1 and up. . Ladies Drawers material and‘make the very best, 210, $1 and up, Extra sizes in muslin and cambric drawers, 380, 45c, 500, 750, $1. and upward. Walking'skirts, newest styles, 50c, 75c $1.00, $1 25 and Chemises, good muslin, all styles, 25c, 50c, 756. $1, $1.25 and upward. Corset covers, most approved shapes, 10c, 133, 250, 500 and upwards. Children’s Canton flannel night drawers, at 250, 450 and 690 Children‘s short dresses, all qualities, from 25c to $6.00. Children’s short shirts all qualities from 250 to $2. 4 THE INFANT’S DEPARTMENT is completely stocked with everything necessary and desirable for the little I nes. Bands and Vests, from 25c upwards. Long skirts and slips, from 250 to $1100. Dresses and Christening Robes, at all prices, from $2.25 Barrow coats, shawls, shoes, socks, sacques wrappers and double gowns. Free‘Delivery Daily- All goods purchased by customers residing in Norwalk or So. delivered at them door free of charge Norwalk will be .1- 9. -- I . AA. :o. ,M- Read. 00., I Bridgeportpt. I ON’I‘ send your clothes to Dry Goods stores or Tailors to be dyed or cleaned. , DON’T be put: off with poor colors when you can get your clothmg .ione nice, clean and fast at Tocque’s. DON’T wait ten days for your dye- ing when you can get it done in three days at Tocque’s. _ ‘ ON’T rip your dresses all to pieces to be dyed when you can get them done, all made up at Tocque’s. DON’T wear faded garments when you can have them dyed like new at Tocques. N. B.—Fine blacks slepecialty. Done for mourning in three days. - 'Tocque & Sons, Dyers and cleaners of ladies’ and gents’ garments, made or ripped. TOCQUE’S FAST BLACK. Warranted not to rub oil. Dyeing and Cleaning Works, Broad Biver'Road, Norwalk. Norwaik agency, Singer Machine store minimise 5’ Will quickly cum Diphtheria, Quinsy, Cong , Colds. and Sore Throat. All druggists sell. t. Pom Davis do Son, Providence, 1. ‘L, .. up Sole Manufacturers and Proprietors. 230, 250,50, 75c upward. 4 SEASON 01' 1895 . Crafty, No. 12,022. ' BECORD}?.13%. Sire Kentucky Wilkes._ No. 1857, Recprd 2.21%. Dam Argo by Electmneer. No.,125. Ser Vice, $35.00. . Bay Baron, No. 82,57. , RECORD, 2,19%, Sire Baron Wilkes. No. 7758, Dam Carrie Wilkes by George Wilkes. No. 519. Serv1ce 520. :W. . E. LOCKWOOD. Jr. Norwalk, Conn, “ Raymond & Son. Successors to George H, Raymond, ' Furniture Dealers and General Funeral 1‘ Directors. - ’ 46 and 48 Main street, Norwalk, Ct. Residence, 3 Berkeley Place. Telephone Call. '."*‘-5 ' to $12 00. J .i D. Jennings. . . UNDERTAKER 5 iSKnight street, opp )31 to Street Railway Depou S‘Ilni REBEL A T OFF; (LE/.1
Norwalk Chronicler