| | MICHIGAN TRADESMAN. VOL. 8. ESTABLISHED 1841]. ORE RT STAN IRE a Sa THE MERCANTILE AGENCY R.G. Dun & Co. Reference Books issued quarterly. Collections attended to throughout United States and Canada RAYON, LYON & 60., JOBBERS OF Statlonery and Books A Complete Line of HAMMOCKS, FISHING TACKLE, MARBLES, == BASE BALL GOODS ——= Our new sporting goods catalogue will be ready about February 10th. EATON,LYON &CO., 20 and 22 Monree St. PROPLE’S SAVINGS BANK, Cor. Monroe and Ionia Sts., Capital, $100,000. Liability, $100,000 Depositors’ Security, $200,000. OFFICERS, Thomas Hefferan, President. { Henry F. Hastings, Vice-President. ({Charles M. Heald, 2d Vice-President. Charles B. Kelsey, Cashier. DIRECTORS, D. D. Cody H. C. Russell 8. A. Morman John Murray Jas. G. MacBride J. H. Gibbs Wm. McMullen Cc. B. Judd D. E. Waters H. F. Hastings Jno. Patton, Jr. C. M. Heald Wm. Alden Smith Don J. Leathers Thomas Hefferan. Four per cent. interest paid on time certificates and savings deposits. Collections ——_ made at lowest rates. Exchange sold on New York, Chicago, Detroit and all foreign countries. Money transferred by mail or telegraph. Muni- cipal and county bonds bought and sold, + a> Her Wants. He—First a woman wants a husband. She—Yes. He—Then she wants him to get rich. She—Yes. He—Then she has but one wish left, and that is for him tv die. She—Oh, no; she has still another wish. He—What is it? She—She wants another husband. ~-4 Tecumsch—Avory & Ellis, grocers, have dissolved partnership, the former succeeding. he said at last in a broken | BT Th BENT Sant RIFE Catia A pel ae S . WILLIAMS ey (ea) ny AN E 2 WILLIAMS’ Root Beer kxtract It is a pure, concentrated Extract of Roets and Herbs, It makes a refreshing, healthful summer bever age at a moderate cost, for family use. Every dozen is packed in a SHOW STAND, which greatly increases the sale, as it is always in sight. 25-cent size only $1. a 5 -_ doz. 3 dozen for For sale by all jobbers. Order a supply from your wholesale house. Show cards and adver tising matter are packed in each dozen. H. F. HASTINGS, Manufacturers’ Agent, GRAND RAPIDS, MICH. Grand Rapids Blectrotype (0, FLECTROTYPERS CTEREOTYPERS 6 and 8 Erie St... GRAND RAPIDS. A. D. SPANGLER & CO., GENERAL Commission Merchants And Wholesale Dealers in Fruits and Produce. We solicit correspondence with both buy- ers and sellers of all kinds of fruits, ber- ries and produce. SAGINAW, E. Side, MICH. Drag Store for Sale at a Bargain On long time if desired, or will exchange for part productive real estate. Stock clean and well assorted. Location the best in the city. I wish to retire permanently from the drug bus iness, c. L. BRUNDAGE, Opp. New Post Office. 117 W. Western Ave. Muskegon, Mich. CINSENG ROOT. We pay the highest price forit. Address PECK BROS., “Gktnp Ravibs.” PUTNAM GANDY GU, WHOLESALE Candy, Oranges, Lemons, Bananas, Nuts, Ete. Yarns, Blankets, Gomtor Overshirts, Dress Goods, Dress Ginghams, Prints, Batts ——_ALL WEIGHTS—— And a New Line of Floor Oil Gloth in 5-4, 6-4, 8-4. P. STEKE FEE & SONS GRAND RAPIDS, MICH. THE MICHIGAN TRADESMAN. AMONG THE TRADE. AROUND THE STATE. Walkerville—H. Wiley has drug stock to Sherlock & Bogue. Ironwood—Lars Hanson, dealer in lime | and cement, has removed to Little Falls, Minn. Morley—John McDonald is succeeded by M. B. Lewis in the restaurant busi- | nes h iiss Steccay ceeded by business. Saginaw—Otto Steinhart Steinhart & Luelleman in business. Ann Arbor—Mrs. E. L. removed her millinery and fancy goods stock to Detroit. Saginaw—R. J. Clark ceeded by Bromrigg & hardware business. Lowell—The grocery business late John Giles will be continued the same name and style. & Tanning are suc- A. Leonard in the the grocery & Co. are Jochen in the under Palms—Wagner Bros. have dry goods, grocery and boot and shoe stock to L. W. Thompson. Kalamazoo—Barnett, Bryant & Bab-| cock succeed A. A. Hazard the boot and shoe business. Lapeer—L. J. Haddrill succeeds L. J. Haddrill in the wholesale and grocery and provision business. Fenwick—R. P. Robotham & Son have bought the hardware stock of Geo. Eitel- buss and will continue the business. Montague—W. A. Austin has pur- chased Henry Warnick’s entire interest in the old firm of Austin & Warnick. Leroy—M. Olson & Co. have bought P. E. Peterson’s stock of groceries and men’s furnishing goods and will adda line of boots and shoes. Traverse City—Louis J. Immegart has purchased the interest of his partner in the grocery firm of S. W. Perkins & Co., and will continue the business under his own name. Cross Village—M. C. Crandall has re- tired from the general firm of Crandall & Burger. The business will hereafter be conducted under the style of Burger & | Swartout. Hudson—George out his father’s Wenzel & Son, and after this the ness will be conducted by Frank and George Wenzel. Traverse City—F. Kroupa has opened a store in the old Harnden building, eorner of Front and Wellington streets, and will carry groceries, feed, hardware, etc. Alpine—I. F. Sleesman is putting in the foundation for a new store building, 24x50 feet in dimensions. Wenzel interest in the has bought provisions, the lower floor with his general stock, using the upper floor for a hall. Owosso—A. S. Parsons has sold his interest in the clothing firm of Dibble & Parsons to Mr. Dibble who will continue the business. Mr. Parsons has removed to Detroit and taken a clerkship in the clothing house of J. L. Hudson. Montague— Mrs. Welch and Miss Jennie Wilson have formed a_ co- partnership under the style of Welch & | Wilson and embarked in crockery and hardware Welch has followed business several years in other places. the grocery, business. Mrs. Marshall—Thos. Rollinson, who was in | town Wednesday, said the announcement sold his | grocery | succeeds | Munyon has} suc- | of the | sold their & Son in| busi- | He will occupy | the mercantile | that he had purchased the H. C. Ransom furniture stock and business in Jackson | was somewhat premature, although he | had no doubt the trade would be consum- ‘ated and he become a resident of the | Central City. Mancelona—The Herald says: ‘‘W. M |Simmons, of Greenville, was in town | last week looking the place over witha view of establishing a shoe store here. | We learn that he is well pleased with Mancelona and that as soon as Clark & | Mathewson vacate their present quarters, 'he will occupy the store with an ex- clusive stock of boots and shoes.’’ Detroit—Having failed to secure a sat- isfactory settlement with the creditors, Miller & Co. have given Geo. Yerkes a trust mortgage on their grocery stock for $6,000. The mortgage was given subject to five mortgages held by Carl H. Mitch- ell, Phelps, Brace & Co., A. R. Linn, | Gilbert W. Lee and the Peter Henkle | Company, whose claims are as follows: | Carl H. Mitchell, $5,000; A. R. Linn, $1,- 208.92; Gilbert W. Lee, $817.12; Plelps, Brace & Co., $276.59; the Peter Henkle |Company, $250.86. The assets of the | firm are estimated at $15,000 and the lia- bilities $22,000. One of the preferred creditors who will be paid in full says |that the other creditors will probably | realize from 30 to 40 cents on the dollar. retail MANUFACTURING MATTERS. Detroit—The Eagle Iron Works has closed its shops, and Manager O’ Hara is looking after the tedious details of wind- ing up the business. West Bay City—Capt. James Davidson has on hand in his shipyard $100,000 worth of oak timber, and is still operat- ing for more near St. Charles, Saginaw county. There is no doubt he will find use for it all. Saginaw—Bliss & Van Auken still have 4,000,000 feet of logs on Molasses river, of which 2,000,000 feet have not been broken from the rollways into the stream for lack of space, as the drive, by reason | of low water, has moved slowly. Jackson—The stock of the Standard Gig and Saddie Co. was sold at auction |to A. B. Robinson for Alonzo Bennett }and the Union Bank to satisfy a mort- gage of $10,000. Other mortgages make | a total indebtedness of over $27,000. Gladwin—F. Neff, who has been ex- tensively engaged in the shingle business in Gladwin county the past two years, |has aequired large timber interests in | Houghton county, and will organize a company to build a saw and shingle mill there. Detroit—The affairs of the Winslow | Planing Mill Co., organized in March, | 1889, with a capital stock of $5,000, are |disturbed by internal dissensions. C. 3okstal, who put in $2,000, has asked for a dissolution of the corporation and the | appointment of a receiver. Detroit—The Beals & Selkirk Trunk Co. has purchased a tract of land ad- joining the Michigan Central and Lake Shore depots, in Wyandotte, on which | it will erect a trunk factory, to equal in size any similar factory in the West. |The company’s salesrooms will remain at 260 and 262 Woodward avenue. firm of | | Detroit—Judge Brevoort has confirmed | the sale of the Potts railway and the mill at Alpena for $170,000 to the H. M. Loud | & Son Lumber Co. in accordance with the petition of the receivers. The rail- ; way will be operated by the Au Sable & Northwestern Railway Company, which is owned principally by the Louds. West Bay City—The Crump Manufac- turing Co. has completed its new planing mill and box factory. The main build- ing is 145x60 feet and three stories high. There isa brick boiler house attached 50x50. A battery of four boilers and two engines furnish the motive power. A dry kiln and storage house two stories high and 36x70 feet is located 5u feet from the main building. The new works will employ 100 hands. Detroit—The Universal Package Co. has been organized with a capital of $200,000, for the manufacture of wood- en ware by a process invented by James Tomlinson. This invention will do away with hoops for firkins and barrels The company has not yet secured a loca- tion for its proposed plant. W. A. EI- dredge is president and manager, C. W. D. Lowrie, vice president, John L. Dex- ter, secretary, and W. G. Woodworth, treasurer. Kalamazoo—The Warren Featherbone Co. has offered to remove its corset fac- tory from Three Oaks to this city condi- tional on our business men subscribing for $75,000 in stock. The present stock- holders agree to put in $50,000 more, to employ 150 women and girls, and do a business of $10,000 a month. Wm. G. Howard, John Gilmore and Chas. A. Peck have been selected to examine the industry and report on its possible value to Kalamazoo and to that end went to Three Oaks on the 20th. Manistee — The Manistee & Grand Rapids Kailroad is pushing matters in a lively manner at present. The owners of logs along that line are anxious to get to work hauling them in, as some of those who own stumpage along that route are getting short, and have been depending on those logs to fill out the deficiency. The railway company has recently made a large addition to its roll- ing stock, and is in a position to handle anything that may offer. It has just been extended toa tract of timber owned by John Canfield, and he has two camps in operation on the group, which is of about 100,000,000, and will probably be sent to market at a rapid rate before long. 8 Treverse City on a Boom---Changes at the Mercantile Co. TRAVERSE Ciry, July 18 — Traverse City has never invited a business boom, but the boom is ‘‘on,’’ nevertheless, the building operations for 1891 largely ex- ceeding those of any previous season in the history of the town, while the in- erease in population and the enlarge- ment of numerous business enterprises are both surprisingly large. In all prob- ability the year 1891 will witness an ac- cession of at least 1,00 souls to the pop- ulation of the place. The re-arrangement of matters at the Mercantile Co.’s store, consequent upon the death of General Manager Barnes, has been fully decided upon, but will not be officially ratified until a meeting of the directors is held in August. The title of General Manager will not be re- vived, although H. Montague becomes Secretary of the corporation and assumes the financial management of the institu- tion, in addition to looking after his gro- cery department. Mr. Wilhelm, in addi- tion to his duties as the head of the dry goods department, will also supervise the furniture and carpet departments and assumes the office of Treasurer. Mr. Atwood will continue at the head of the shoe department, assuming the general supervision of the hardware department. it is understood that the general policy of the corporation will be more aggres- sive in the future than it has been in the past and that strong efforts will be made ow in the direction of a considerable exten- sion of its jobbing trade. Frank Hamilton took his usual sum- mer outing last week, spending a portion of the time at Traverse Point—of which resort he is really the father—and the re- mainder on the bass fishing grounds on Carp Lake. J. G. Johnson is contemplating the erection of a handsome three-story brick building on his vacant lot between the hardware store of Despres & Montague and the Mercantile Co. >_>. -_—__—_— Consolidated with the Baking Com- pany. The Muskegon Cracker Co.’s factory has been transferred to the United States Baking Co., the negotiations having been closed last Friday. No change will be made inthe character of the business, and itis understood that Manager Fox will remain at the helm, the same asin the past. FOR SALE, WANTED, ETC. Advertisements will be inserted under this head for two cents a word the first insertion and one cent a word for each sabainoeens insertion. No advertise- menttaken for lessthan 25 cents. Advance payment. BUSINESS CHANCES, {OR SALE—DRUG STOCK IN CITY. NEW HARD- wood fixtures, Inventory about $1,000. Not for sale after Sept. Ist. Address B, Carrier 23, City. .S SALE—DRUG STOCK — INVENTORY $2,000. — Good town of 1,000. Good location. Good bargain. Cash sales last year, $25 per day. Address No. 277, Michigan Tradesman. 277 JOR, RENT—LELAND HOTEL, NO. 522 “SOUTH DI- I vision street; steam-heated throughout; has bath rooms, closets, gas, etc., on each floor; the right loca- tion fora good paylng business. Ed. E. Mohil, 91 Mon- roe street. 276 "sc SALE—THE DRY GOODS AND GROCERY BUSI- ness of Rhodes & Leonard at Hart, Mich. Sale compulsory on account of the death of one of the firm and the poor health of the other member. Splendid chance. Inventory about $1,500. Address Rhodes & Leonard, Hart, Mich. 275 OR SALE— STORE BUILDING AND GENERAL stock. Inventory about $3,000. Will sell build- ing aloneif preferred. Industries: sawmill, shingle mill and lumbering. Reason for selling, other busi- ness to attend to. Address F. J. Hargrave & Co., oo en, Ontonagon county, Mich. OR SALE—A COMPLETE DRUG STOCK AND Fix: tures; stock well assorted can be bought at a a Address for particulars 8S. P. Hicks, oe Mich sOR SALE — AT ONCE A STOCK OF CLOTHING, I hats and gent’s furnishing goods, located in a No. 1 town of 2000 population. Only exclusive ~——s store in town. Stock almost new. Will sell for7 cents on dollar invoice price. Must be spot cash bed no trading. Stock invoices $4000. Good reasons for selling. Address No. 281, care Michigan Tradsman. 281 ae SALE—A COMPLETE LOGGING OUTFIT ATA bargain. Will sell all or part, as desired. Also one standard guage Shay locomotive in first-class iworking condition. Apply to W. A. D. Rose, Big Rap- ds, Mich. 282 vs SALE- -A CLEAN STOCK OF DRUGS, SUN- dries and fixtures. Store in good location and doing anice paying business. Rent low. Good rea- sons for selling. Termscash. Address B. C., —" gon, Mich. YOR SALE—ON ACCOUNT OF ILL HEALTH, I wisi I to sell my stock of general merchandise, com- prising dry goods, clothing, hats and caps, boots and shoes, and men’s furnishing goods. This is one of the best stocks in Northern Michigan, as there is nothing but good salable goods, and no dead stock. Sales, last year, $18,000. A splendid chance for some one looking for an opportunity to better his condition. For par- ticulars, address W. E. Watson, Mancelona, Mich. 288 | feet HAVE SPOT CASH TO PAY FOR A general or grocery stock; must be cheap. = dress No. 26, care Michigan Tradesman. SITUATIONS WANTED. We Gee ee IN A STORE BY A WOMAN with nearly twelve years’ experience in one general store. Satisfactory. reference. No. 279, care Michigan Tradesman. 279 MISCELLANEOUS, WOR SALE—CHEAP ENOUGH FOR AN INVEST- ment. Corner lot and 5-room house on North Lafayette St., cellar, brick foundation, soft water in kitchen. $1, Terms to suit. Address No. 187, care Michigan Tradesman. 187 OR SALE OR RENT—CORNER LOT AND 5-ROOM house on North Lafayette st., cellar, brick found- ation and soft water in kitchen. $1,200. Terms to suit. Cheap enough for an investment. Address No 187, care Michigan Tradesman. 187. _ SALE — WHITMAN’S HALF CIRCLE HORSE power hay press. Nearly new. Will sell for cash or exchange‘for hay. Write to Kingsley & Gardiner, Luther, Mich. 272 AVE YOU ANY IDEA OF OPENING A CLOTHING and men’s furnishing goods store! If so, 1 have anew store torent for that purpose in the best loca- tion in the city of Grand Rapids. Address B. 8. Harris, 825 and 527 So. Division street, Grand Rapids. 286 WILL PAY ABOUT 50 CENTS ON THE DOLLAR, more or less, spot cash, for dry goods, clothing, ladies’ and men’s furnishing goods, ete. J. Levinson, Petoskey, Mich. 285 a YOUNG TINNER WITH SOME HARD- e experience. Correspond at once with E. Yausdrveen, Holland, Mich. Give goodreference. 284 * lcaaeaese: | i THE MICHIGAN TRADESMAN. 5 GRAND RAPIDS GOSSIP. S. G. Burleigh, meat dealer Madison avenue, has sold out. on South Lehmann Bros., meat dealers at 90 Canal street, have closed out their stock and retired from business. Hawkins & Co. have obtained a judg- ment in the Muskegon Circuit Court against Holt & Co., for $328.87. Frank O. ‘Lord has removed his grocery stock from the corner of Fountain and lonia streets to 705 Wealthy avenue. The Hardware Supply Co. has opened an office in the store of the Ives Mattress Co, corner Canal and Huron streets. J. Leff, dry goods dealer at 115 Broad- way, has added a line of groceries. The Ball-Barnhart-Putman Co. furnished the stock. C. H. Chadwick has removed his grocery stock from 699 Broadway to 146 West Fulton street, where he is very plea- santly situated. Frank M. Wood, of the former grocery firm of Wood & Rowland, has purchased the grocery stock of J. C. Wellington, at 33 West Bridge street. yr. Te E. Phelps has sold his drug stock to Frank P. Merrill, who removed it to Ithaca and consolidated it with the stock of Merrill & MeNall. It is reported that the annual report of the Phceenix Furniture Co. showed net earnings of $118,000. As large blocks of stock were gobbled up by ‘Uncle Jimmy” Converse and his henchmen about a year ago at from 25 to 50 cents on the dollar, the present showing and a 10 per cent. cash dividend cause smiles of satisfac- tion to illumine the faces of those who were not caught on Mr. Converse’s hook. Ee Purely Personal. L. J. Law, the Cadillac clothier, has rented acottage at Traverse Point for the summer. Wm. Judson has returned from a fort- night’s respite at the Soo, Mackinac Island and Bay View. O. A. Ball came down from his Bear Lake resort Monday to attend the funeral of the late N. A. Earle. Mrs. John F. Berner and Miss Sophia Berner, wife and daughter of the Luther grocer, were in town last Saturday. Miss Kettie Jenison, daughter of the veteran Manton merchant, is spending a couple of weeks in the city, the guest of Geo. F. Owen’s family. Ben. W. Putman leaves Wednesday for Warwick, Mass., where he will spend a week or ten days among the scenes of his childhood. He will put ina couple of weeks with friends at Brattleboro, Vt., before returning. Richard Warner, Jr., has taken the position of billing clerk for the Telfer Spice Co., the veteran Dick having con- cluded to educate his son in the whole- sale grocery business. Another son, Ferd., has taken a clerkship with the Grand Rapids Music Co. ———~> «> Status of the Stanton Failure. STANTON, July 18—E. Curtiss, who re- cently assigned his grocery stock to E. D. Childs, shows assets of $1,200 and liabilities of $1,750. The largest credi- tors are the IL. M. Clark Grocery Co. and Johnson & Wheeler. The stock is ad- vertised to be sold at auction July 23. W. C. Burns. Gripsack Brigade A. §S. Doak has returned from Coaticook, Quebec, where he attended the death bed and funeral of his father. M. M. Mallory is building a $3,100 residence at 296 South College avenue. He expects to be able to occupy it by Oct, 1. I. W. Snyder, resentative for York, week. Wm. Connor is spending a couple of weeks in Wisconsin and Minnesota, when he will return to the bosom of his many Michigan Friends. O. B. Pickett, of Leroy, was recently married to a young lady of that place, the ceremony occurring at Windsor, Ont. The happy couple have gone to the sea- shore to spend their honeymoon. All arrangements have been consum- ated for the entertainment of the visit- ing traveling men from Detroit on Satur- day. A meeting will be held at Elk’s Hall at 2 o’clock and a banquet will be tendered the guests at Sweet’s Hotel in the evening. John Fell has received a letter from the captain of the traveling men’s club of Cleveland, challenging the Grand Rapids nine toa mateh game of base ball at Cleveland some Saturday in August. The acceptance of the challenge has not yet been decided upon. Three death benefits have been paid by the Michigan Commercial Travelers’ Association during July—J. Lindsay, S. Fechheimer and Andrew Elliott, all of Detroit. The two former were paid from the reserve fund, the latter being pro- vided for by a regular $5 assessment. ——_———> -—____— The Tan Bark Market. *‘Hemlock bark is off $1 a cord in Chicago and Milwaukee,” remarked N. B. Clark, the other day, ‘‘but Michigan handlers are still paying within 50 cents a cord of spring prices. More bark has been peeled this season than in any pre- vious year inthe history of the State. The large peel is due to two causes—the high price ruling in the spring and the great amount of timber land run over by the fire, compelling the owners to take off the bark in order to save it.” ee Bank Notes. The selection of Hon. Thos. W. Palmer as President of the Preston National Bank of Detroit is considered a master- stroke on the part of the directors of that institution. | J. A. Weller, Cashier of the First Na- tional Bank of St. Louis, has resigned and will engage in other business. Until his successor is chosen Hon. A B. Dar- ragh will be acting cashier. OO Country Callers. general traveling rep- the Owl Cigar Co. New was in town several days last Calls have been received at THE TRADESMAN Office during the past week from the following gentleman in trade: H. Bakker & Son, Drenthe. Edson Roberts, Sparta. I. F. Sleesman, Alpine. WANTED--4! kinds of Poultry, live or dressed. Con- signments solicited. F. J. DETTENTHALER, 117 Monroe Street, GRAND RAPIDS, MICH. “TRADESMAN” OR “SUPERIOR” Covpon Books To Clothing and General Store Merchants— Ié will pay you well to see our line of fall and winter clothing, especially our elegant line of the real genuine “Tre- voli Mills” all wool fast colors. Kersey overcoats at $8.50 and $9, silk faced, single and double breasted. Also our Melton’ overcoats ond one of the nicest line of Ulsters in all shades, grades and material in the market, Our Chinchillas are up to the equal standard, the whole selected from the best foreign and domestic goods. SUITINGS. We have an excellent assortment in fine worsted, cheviot, pequay, meltona, cassimere and other famous mills. We have a reputation of over 30 years standing established for selling excellent made and fine fitting clothing at such reasonable prices as enables merchants to eater for all Our Prince Alberts have got a world fame popularity and our line of pants is most attractive. William Connor, for nine years our representative in Michigan, will be at Sweet’s Hotel in Grand Rapids on Fri- day and Saturday, July 31 and August 1, and will be pleased to show our line. Expenses paid for customers meeting him there, or he will wait upon you if you drop him a line to his address at Marshall, Mich., or we will send samples. MICHAEL KOLB & SON, Wholesale Clothiers, Rochester, N. Y. William Connor also ealls attention to his nice line of Boys’ and Children’s Clothing of every description for fall and winter trade. els asSSeCs. UNSOLICITED TESTIMONIAL. HARVARD, 1891. Editor Michigan Tradesman: DEAR Sir—-W e began trading with Rindge, Bertsch & Co. three years ago the 22d d: ay of June, during which time we have bought $3,719.54 worth of goods, for which we have paid cash, and but one pair of shoes have been J uly 6, brought back, and those were not their own make. We are the only firm handling Rindge, Bertsch & Co.’s goods at this place, and would as soon think of going out of business as ex- changing their line for that of any other house. GRISwoLp Bros. A. E. BROOKS & CO., No. 47 OTTAWA ST., GRAND RAPIDS Is the only place in Michigan where you can buy ALKUMA. ALKUMA COFFEE CHOC. CORDIAL CLIMAX CHOC. ASS'D BRANDY “ " Try a Few Boxes! STRAITON & STORM’S CIGARS, Having been appointed distributing agents in Grand Rapids for the OWL CIGAR COMPANY (formerly Straiton & Storm), of New York and Florida, we are prepared to supply the trade with the celebrated OWL BRANDS OF HIGH GRADE CIGARS, also their SUPERIOR NICKEL GOODS, and a complete assortment of KEY WEST CIGARS, manufactured by the above well known firm at their fac- tories in New York and Florida. The Owl Cigar Company do not manufacture low grade cigars, and their products are guaranteed free from drugs or adultera- tions of any kind. We solicit a trial order. I. M. CLARK GROCERY CoO., Grand Rapids. 6 THE MICHIGAN TRADESMAN. Always the Same Reason. Dry Goods Price Current. — From the Dry Goods Economist. Amoskeag ane ee 12%{Columbian brown. .12 i. 9 OZ..... 14% Everett, blue........ 12 In the strict use of the term, the pro UNBLEACHED COTTON “ brown .13 brown. ....12 posed combination of the duck milis of | Adriatic ............ 7 Ao Brand 5% | Andover............. 2 1% Haymaker mee... . 7% the country is not of the trust order, as is ree innen os . Weed Wide.. ; Beaver Creek Aa. a brown. =a j j s 0.4 at ton ce be asi... ll US ee ee ig AITTOY . 2.020 oe covcee it is not intended that there shall be any | atlantic A.......... Full Yard Wide. .... 6% “ OC. Lancanen.....-..... a nl pooling of earnings or a pro rato distri- : o 6% come A.......... 634 Boston. Mfg Co. br.. Lawrence, on... 13% ' bution of profits. The object is rather . stteeeees oe sa steteee ox : ae blu 44 - — tT. oe rtfordA ......... & twist aa o. ‘ to form one combination with a single ~ eo 5%|Indian Head... .... 7% | Columbian XXX br.i0 “ No.280....104| El set of officers, and thereby reduce the} Amory............-- 7 cork A. 6% XXX bi.19 i general expenses and at the same time Beaver Dam AA. 5! 4 ae athe oy GINGHAMS s rence Li... .- 4 provide tor the apportionment to each | Blackstone 0, 32.. */ Madras einen choke 0% Amoskeag ...... .--- 7%] ‘ fancies.... 7 Write for our Prices on mill of that kind of ducks which it is the | Black Crow......... 63s| |Newmarket G...... “Persian dress 8%4| “| Normandie 8 best adapted to manufacturer, instead of | Black Rock .....--. rl : or: Oi : 2 “ : letting each mill go on making a large} Captial A_.......... 5%4| “ on. sie Arlington staple.... 644 Monogram... : HoT i| loths variety of qualities, as is now the case. | Cavanat V.......... 5i| “ eo 7 — oe fancy ae a - By this method the cost of manufacturing | Chapman a wi 3%/Noibe R.........-.-- 5 es res 814|Persian.... .... : ducks would be reduced toa minimum. ooo ——s Vo - ae oie Centennial. — wo armen! eta eee This movement originates in the con- | Dwight Star......... 74) Pequot a .... Ty | Criterion ..........- 10% |Slatersville . i 1 1 dition of the trade. For some time the | CliftonCCC........ 644|Solar.-...-.....--... 6% | Cumberland staple. 514/Somerset. ... fs fh Si saa : top i the Heap.... 7% Cumberland.... .... 5 |Tacoma ...... oe () lf} lf} § manufacture of heavy ducks has been BLEACHED COTTONS. ae 4%4|Toil du Nord.......10% ' done at merely a nominal profit. The re- AB "ee 8% Geo. Wathington.. s er sacra oo ae — reese os oa 5 ad TS 8 a EN SiCS..... “ seersucker.. cent combination to hold up Prices; | sisburg.........-. 7 \Gold Medal......... ty | Exposition.........: 74|Warwick.... ...... 8i6 though it failed, was felt to be a step in| Art Cambric........ 10 |Green Ticket....... §ig | Glenarie............ 64 Whittenden......... 6% MI the right direction. It is now proposed | Blackstone A A..... 8 jGreat Falls.......... 6% | Glenarven.......... 6%| ‘ heather dr. 8 & SANFORD. to follow up this movement with a — a... ...... a= cane ee eee v4 oe sete eeeeeee oe Wamsutia staples. 03 * : ae. . an Ont..... 4%@5_ | Hampton........... stronger hand. But one warning at the} Cabot............... ™% King — 7% |Johnson vhalon cl = % Westbrook... .-- start. Any agreement that embodies | Cabot, %.........-.. 6% : Fe 7% “indigo blue 9% discounts as a basis of sales is certain to Charter -yagaemeanag ra eS ‘mux aa we Windermeer.... ex 3 ee i a A ica: bia ime MsSGaie...... - ’ rs Soe ee! e a oa = a crag = Cleveland cogent 7 itddiosex acu @ “e GRAIN BAGS. y contrary constructions which | Dwight Anchor..... cite Meme... 2 sellers give to this matter of discount al- die. shorts. pg — A oot cee : — sua a oo ey "ae - - lowances. If this stumbling block is| Empire,-.......22... 1, [Prideot the West. lz” | American. -- 16% Pacific .-... ve-+ +--+ 14% = avoided, modifications can be made with- | Farwell.... ......--- 7% \Rosalind............ 7% THREADS. Cd : out much trouble, though if the minimun | Fruit of the Loom. 1% ee ‘4 Clark's Mile End....45 |Barbour's....... ..-. 88 : cost of production is honestly sought the | First Prize STU 6x%| Nonpareil -/11 a. oe - meee nee : agreement to be effective must be iron- oe Loom %. - eee ee eas 8% KNITTING COTTON. # ome... 2... ite Hores........ 6 2 clad. Full Value.-----..-. 6x| “ Rock........ 8% White. Colored White. Colored. SS HALF BLEACHED COTTONS. Be «6G... 38 o ee. The Supremacy of the Individual. se a o% Dwight Anchor..... 9 . i. caveane = = = cee ss s . i ea ee: pots Y sla | ie dome) : This is not a good year for labor organ- ee eae CANTON FLANNEL. + oe. 36 a1 @..... 2 45 izations. The last circular of the Sec-| TremontN.. - 5% Middlesex No. 2 CAMBRICS. eretary of the Michigan Federation of Hamilton N......... 6%) - ce 4 |Washington. . ..... 3% Labor shows only ten affiliated bodies in Middlesex ‘i a 8 “ “ 7148 ——— . : ee Cee eee 54 s i Ss i i ee mer ime ‘ “ nal tlove.. re ooxwoed.... ...... 4 good standing. Is itnot possible that} 0 Xiu 8 = oo ta : SIX-CORD the labor organization must look about een. B h ? 2 ms 7 BLEACHED CANTON FLANNEL. Bawards...........- 4 runswick......... 4 them for new methods? Is it not pos-| Hamilton N......... 1% Middlesex AA Leu 11 RED FLANNEL. sible that the principle of organization | Middlesex P T...... 8 eset = | vio... ..... ete 22% itself is faulty, and that the secret of i A T...... : Ad teeees me Creedmore.-.. .----- 27% Pees alee 32% a i : i: 2 .. s i). eee TF ThCLW..rrw.lUD (7a | TalDOt AAA. ccc ee CU JO Ae By BAMerececoss social harmony and welfare is in dis- “ re... 10% “ ‘. 16 — 2. ee Ree a ee oy union, in the disconnection of interests aes - a iil ceiceis ‘wnat. IN instead of their consolidation? But, | Peetices white......18 Integrity, colored...2 oa a em : me eR colored.. as: | White a 18% | Red & Blue, plaid..40 |GreySRW......... 17 then, it is almost heresy to suggest such | Integrity............ va | “ eolored. = Union H..... . ee 22% Western W aan iB WHITE, BLACK AND COLORS, athing. The actual fact, however, that a @oops. Wie... ist eer... |... 8% is developing, not only in the field of eine 8 {Nameless...........20 |60z Western........ 21 Fleshing i > TT zi FOR lie a : ie roa . . eee ede eee 25 | Union B........---- 22%|Manitoba..........- 23% ® abor, but in all phases of human activity, “ i , a 27% — FLANNEL i d M h is that there isa growing tendency to-| @G Cashmere...... 21 a 30 Nameless 8 @9 ae 9 ou an and ac ine sé. wards smaller subdivisions, a tendency | "™2ele --- ------- = CE eae ai oe “io” “ nies : towards individualism, in spite of the| = ~~ | iia ES CANVASS AND PADDING. FOR SALE BY popular trend towards communism. The Coraline............ $9 50|Wonderful . .. ....84 50} Slate. Brown. me am. Brown. Black. individual may for a time dream of a| Schilling’s......... 9 00|Brighton.. ........ 475 | 9% o% ost = 13 i Th § SONS communal millenium, but when he comes CORSET JEANS. 10% = 4 5 : ™ r " : an : 9 11 11%/1 1 to experience the sinking of the in- eae sights a Hy: int ie 114117 » 2 dividual into the mass he learns that the | Biddeford........... 6 (Conesiogs........... 6% DUCKS. . . pec ee not — ee Brunswick. .... ..-- — sense cone 6% oe! - ee Be West Point, de 0z....10% 1e world and its good things, after all, Allen turke od : , | Mayland, 8 0z....... OZ ...12% 8 are made for the individual. The|- — oi aa... ." Greenwood, ag “sa! Raven, sane 7 : ' individual is the pivot ’round which the| ‘ ink & purple 644/C Harter Oak fancies 4% | “7° ee ee . Importers and Jobbers of Staple and Fancy world revolves, and at whose feet itlays| « DUS checks 6 |DelMarine cashm’s. ¢ = ae — snr satmndg S| «pink checks. 54 | moum’s & White, doz......... 25 [Per bale, 40 doz....87.60| DRY GOODS, $ ‘ S. c staples ...... 5% Eddystone fancy... 6 | Colored, doz........ 20 N Te ee sen tae . Bal . ag ste 8 oe OTIONS, a The Linen Trade. icumiontaiion.... Oxi « gateens.. 6 | Slater, Iron Cross... 8 |Pawtucket.......... 10% CARPETS While the linen trade is not one that is| American shirtings. 4%/Hamilton fancy. ... 6 “Red Cross.. 3 ee settreneeee es 9 given to violent changes or fluctuations Argentine Grays... 6 staple .... 54] « Best a oe wae 10% OURTAINS. : ang 7 >| Anchor Shirtings.. - 4X ‘Manchester ancy... 6 Best AA..... 12%4|Valley City......... 10% yet there is acertain amount of difference | Arnold new era. 6 SEWING SILKE. Manuf: in some of the kinds of goods which are| Arnold Merino. . * "| Merrimack D fancy.6 |¢ anufacturers of “ nanae doz....... % (Corticelli kni A used from one season to another. Notably . one clan 10%4 Merrim’ “Rep fur ot wist, doz..37%4| per 40z pall e99 ‘ is it the case with linen sheetings, which “century cloth 7 | Pacific fancy... cau 6 20 34, a Shirts, Pants, Overalls, Kis. are now called for in much larger quan- “gold séal..... 10%| robes......... 6% : ae Wh ee ae GROSS. tities and which will be found mentioned| «Steen seal TRI0%4) aS Ts ais — frequently in the daily advertisements of “ iene ee a 1 as . " et . ..25 Elegant Spring Line of Prints, Ging- the great retail houses, says the Dry], “ Turkey red “solid black. 6 PINS. hams, Toile Du Nord, Challies, White Goods Economist. Another variety of | Ballou solid black. ." *| Washington indigo. 6 | No2—20,MC....... 60 fxo 6 Fee. 49 |and Black Goods, Percales, Satteens, goods are linen sheets and pillow cases | Bengal blue, ‘om. “7 ? icon i nore pete TTON TAPE Serges, Pants Cloth, Cottonades and = hemstitched borders, which are now Berl one Sane. 5% “ plain T’ky x % 8% No 2 White & BI’k..12 {No 8 White & BI’k..20 Hosiery now ready for inspection. ecoming very popular and are kept in yes Se a. i --15 | (10 c - 23 Chicago and Detroit Prices Guaranteed. stock by all the prominent retail linen “ ? green san - Sl ke ottoman Tai. = : aimee . — 48, 50 and 52 Ottawa St. houses. Stamped goods in plain linen, c Foulards . - 5%) Martha ae hives s ca peadewe 28 No 3.. iio aie signs aoa ie 36 - * i satin damask and momie cloths are also} « 7s Hache Bharti Washi re % cial GRAND RAPIDS, - - MICH. offered in various designs, both delineated > 4.......10 | Turke a, 9% | A. James. Ea Oy Weiienenael:-. -: gee i. -. -->——- Good Words Unsolicited. Mrs, H. M. Buchanan, general dealer, Ensley: Could not get along without your paper. Suc Gess to THE TRADESMAN,” Albert Kent, general dealer, Kentville: “I have neglected to forward my subscription to you through being very busy, not from any thought of being able to do without your valu- able paper,” It’s a night 4 THE MICHIGAN TRADESMAN. — ° One Phase of Human Nature. Written for THE TRADESMAN. Moses and Jake are the two Hebrews who most frequently infest our town. They are good natured Israelites and, as their line of trade ranges all the way sheep dot grew de voll of which dot gap | is mate. Somepoty zay vone tollar.” But no one raised the bid, so, after | it off to the first bidder with the remark | from ‘‘ole clo’s” and cast off rubbers to “try koots, vatches unt Yangee notions,” they are making money. more moneys? shtoeg of goots. I vould mofe it some- vheres pooty kveek.’’ ‘Why couldn’t you and [ go into part- nership? the experience,’’ I answered to the elder of these gentlemen. Winklestein & Co.” You should have seen his eyes snap. ‘Ve vould gall it New York Shtore,” | said he very decidedly. ‘“‘Good,’’ said I. “Yes, I tink I haf de ogsberience,” he continued. mine friendt, pooty hardt.’’ Another time: “Vhy ton’t you haf a closink owet| sale? I vould zell owet if I vas you.” “What do you suppose we want to sell | out for?” “Vy, to makge folks pelief dot dey puy pooty sheap. Puy for less as gost. I vouldt zell owet pooty kveek if I vas you.’’ Again: “Mist. Schmidt, vhy ton’t you mage some assignments?’’ “Shades of Abraham! we assign for?” “To mage some moneys. pees’ ness. What should You puy lots of goots on vone mont, two mont, tree mont, maybe zix mont time. Den you gan’t bay, so you mage assignments in name of zome- pody. zents on vonetollar. Dere vas dot Ikey Eisenbaum vot failed py Draverse Zity. | He failed for feefteen, zixteen tousant | tollars. He zell shears vot gost zefenty- fife zents, for halluf a tollar, unt bants vor vone tollar vot gost dwenty-dwo tol- lar tozen. hundert tollers of shtoeg, unt de pal- lance koes in his’ bockedt. Mine kr-r-r-racious! pudt he vos vone shmardt fellers! I dell you, dot?s vhat I galls pees’ness!”’ “Then, if that’s your idea of business, I suppose you will keep your creditors on the jump when you get a store of your own?” “QO, vell, I knows goot pees’ness. I tink I not fail more as dwice a year.” ex * Once upon a time these two sons of Isaac happened to get stuck onan uncom monly rocky lot of bankrupt goods. They hired a room and held forth with a ‘grand auction sale” which lasted until the major part of their plunder had been disposed of. ‘‘Mine vriendts,” said Jake, after ob- taining a prominent counter, lofely, all wool gap. hoffered for dees elegant gap? position on the from de fery finest vool, unt varranted | not to fate.” Some one named ten cents as a bid. “Den zents! I furnish the capital and you | ‘We would call it} “Ve voult hustle pees’ ness, | | Dot vas goot | Den you zettle for maype dwenty | He haf left not more as four | “J vill now hoffer you dees | How mooch ah I} Mate | that: ‘“‘Shentlemens, I vill zell dees vone for ink dot I cannot long standt such pees’- ness. My prutter in New York he puys |} dose gaps for me, unt dhey gost more as heighty zents apiece. After he had disposed of the whole lot | for a dime each, he told me in confidence that they stood him in just two dollars | per gross. ” One of the boys got to baatering him fora pair of pants; but a sale did not seem to be readily forthcoming, so Jake j at last held up the garment to the admir- ing gaze of the bargainer and exclaimed: ‘‘Mine young vriendt, I dell you vhat Ido mit you. You gife-me feefty zents, unt I zell you dose bants.’’ The money was quickly handed out. “Dank you,” said Jake, as he pocketed i the coin, ‘‘tunt now I vouldt lige to zell | you dose bants.’’ The gentile was a little inclined to get |mad; but the boys guyed him so that he took the trousers at the Hebrew’s price, less the fifty cents which he had been | buneoed out of, and hastily left the room. | * % * | One day I was in the telephone office | of a neighboring town, when who shou!d | make their appearance but Mose and | Jake. There seemed to be something in the wind, and Jake in particular was | greatly agitated. ‘‘Moses,” said he, ‘tyou ko dot dele- phone py, unt dalk a leetle dot hoperator mit.” Traverse City was rung up at Moses’ | earnest entreaty, and the following mo- nologue ensued: ‘‘Hello! Hello! Hello Drav Zity! Hel- \lo Drav Zity! Hey? Vhat’s dot? Vas |dot Drav Zity? It vas eh? Vell, vas | Shake’s vife dere? I zay, vas Shake’s | wife dere? Vas Shake’s vife in Drav | Zity? Vas Shake’s vife in Drav Zity? | Vas Shake’s vife in D-r-a-v Z-i-t-y? 0, |mine krrrrracious! I say, vas Shake’s vife in Drav Zity? If he vas, Shake he vant to know. Say, you feller, if you ton’t shbeak more bolite, I vill preak | your headt mit you.” | At this juncture the operator came to | He told Traverse to send a | messenger to Hebrew headquarters for | an interpretor. Inashort time a dia- logue of Asiatic gutturals passed over |the wire which settled the vexed ques- | tion, and must have taxed to the utmost | the strength of this great invention of | Mr. Bell. | Jake’s wife was in Traverse City. He had not seen her for six or seven years. ‘*Kootnesss!”’? said he. ‘‘It vass pooty okgbensif pees’ness. I tink it gost more as tirty-five tollar for dickeds for bas- sage, unt for hadts unt clodes unt rail- roats unt eferytinks. I tink I vas aboudt | ready to mage some assignments.” his aid. | And Jake walked about forty miles | between that and the next morning to / iden zents; pudt I gife you solemn varn-| ‘““Vhy ton’t you ko to some pig blaces | ' 7 i mit your shtore, vhere you can mage| 1 vould likge to haf your | | some further comments upon the quality | and appearance of the cap, he knocked | e— AND >= SPORTING GOODS HEADQUARTERS. | SPALDING & GO. SUCCESSORS TO L.. S. HIL.L' & CG. Importers, Manufacturers and Jobbers of Sporting & Athletic Goods. 100 Monroe St, AQ, 42 & 44 N. Tonia St Grand Rapids, Mich., April 8, ’91. Having sold to Foster, Stevens & Co., of this city, on entire stock of sport- / ing goods consistf{ng of guns, ammunition, fishing tackle, bicycles, etc., we would bespeak for them the same generous patron- age we have enjoyed for the past ten years, and trust with their facility for carrying on the sporting goods business our patrons will find their interests will be well protected in their hands. Very truly yours, SPALDING & CO. Having purchased the above stock of goods and added to it very largely, and placed it in charge of William Wood- worth, who for many years was with L. 8S. Hill & Co., and then Spalding & Co., we think we are now in excellent shape to supply the trade of Western Michigan. POSTERS EVENS | | | | i i see ‘“‘dot vife vhat vos dot Drav Zity in, | O N R 0 Den zents - 1 — | unt gost more as tirty-fife tollar. | 2 E for dees pee-ootiful gap. Shentlemens,” | Gro. L. Tourston. | Ss 7. he continued solemnly, ‘‘I voult cut off ie my handt pefore I vouldt zell dot fine all | Jackson—Frank F.: Muns_ succeeds - vool gap for den zents. Ofe you gome | Muns & Advey in the manufacture of de pack room in, I vill show you de | buggies and cart bodies. 10 THE MICHIGAN TRADESMAN. Drugs # Medicines. State Board of Pharmacy. One Year—Stanley E. Parkill, Owosso. Two Years—Jacob Jesson, Muskegon. Three Years—James Vernor, Detroit. Four Years—Ottmar Eberbach, Ann Arbor Five Years—George Gundrum, Ionia. President—Jacob Jesson, Muskegon. Secretary—Jas. Vernor, Detroit. Treasurer—Geo. Gundrum, Ionia. Meetings for 1891 — Houghton, Nov. 4. Michigan State Pharmaceutical Ass’n. President—D. E. Prall, Saginaw. Tirst Vice-President—H. G. Coleman, Kalamazoo. Second Vice-President—Prof. A. B. Prescott, Ann Arbor. Third Vice-President—Jas. Vernor, Detreit. Secretary—C. A. Bugbee, Cheboygan. Treasurer—Wm Dupont, Detroit. Next Meeting—At Ann Arbor, in October, 1891. Grand Rapids Pharmaceutical Society. President, W. R. Jewett, Secretary, Frank H. Escog, — Regular Meetings—First Wednesday evening of March | June, September and December. Grand Rapids Drug Clerks’ Association. resident, F. D. Kipp; Secretary, W.C. Smith Sept. 1; Lansing Detroit Pharmaceutical Society. President, F. Rohnert; Secretary, J. P. Rheinfrank. Muskegon Drug Clerks’ Association. President N. Miller; Secretary, A. T. Wheeler. The Relations of the Pharmacist to the Manufacturer.* The relation of the pharmacist to the manufacturer is not what it should be. Cropping out occasionally in conversa- tion and in print, we become aware of a feeling akin to distrust, coupled, with an | expression that he is merely a merchant | and to be regarded entirely as such in all | transactions. } Why this feeling should exist is hard | to define, because both are in reality pro- | ducers or manufacturers, and the dif- ference existing between them is only one of degree and facilities, aspiration or desire. The manufacturer is just as earnestly a scientist as his brother, the dispenser, and must needs be such. By concentrating his energies and/| efforts in the one direction of production, it must naturally result that success often is attained which is denied to the not of retail pharmacist or else greatly delayed. It must not be forgotten that from engaging in the same occupation, provid- ing for, and even anticipating the wants of the physician, he is an ally, a co- worker, equally a pharmacist, and, as such, a scientist with the same as- pirations, the same honor and pride in his profession, as if his activity were circumscribed by conventional bounds. The formation and pronounced healthy work of pharmaceutical associations all over the country has done much to bring the manufacturer in sympathy with the dispenser, and establish cordial relations between these two branches of pharma- ceutical occupation. It will be found that the manufacturing pharmacist of America will bear a critical investigation, and even courts it, as well with regard to his methods, as his accomplisnments and products. The interests of the retailer are identi- cal with his own, and there is no reason for the existence of any except the most friendly relations, with a dismissal of all feelings savoring of envy, distrust or antagonism. Tradition has much to do with the in- disposition shown by physicians to con- sider and acknowledge what the modern pharmacist has accomplished and what his capabilities are. If the physician would but recognize the constancy of effort and study given to anticipating and realizing, as well as providing for his wants, it would pro- voke on his part a cordial acknowledge- ment and approval, which must give a decided impetus to the progress of phar- macy. It should be realized by the physician that the manufacturer, in common with the dispenser, has higher interests at | heart than the mere acquisition of trade or money. Obligations, just as binding, | are laid upon him to discharge faithfully | the trust he has assumed, which makes | him, in a degree, the conservator of the interests of prescriber and dispenser. These remarks may be well pointed by an appeal on behalf of the manufacturer | for a hearty, unreserved co-operation from both, in the true interests of the “Paper read by C. E. Worden before the Oalifornia Pharmaceutical Association. Reprinted from the Pacific Druggist. | | of a declining estate. | when the healing art, fora more friendly approach, amore frequent intercourse, and, conse- quently, a better understanding of one another. There exist grand possibilities of use- fulness in this direction for the California Pharmaceutical Society. Let us, as mem- bers, take a lively interest in the affairs of the society and the welfare of phar- macy in general. Let us be faithful in our attendance, liberal in our contributions to its litera- ture, and urgent in our appeals for all pharmacists in the State to be enrolled in its ranks, It is to be hoped in the near future we may have joint conventions of pharma- cists and physicians. Such conventions |are really necessary, because there are | evils to be remedied which are patent to all observers, reforms to be accomplished }needing concerted action, and questions | of a professional and ethical nature press- jing for a solution. |efforts would certainly be a consumma- Such a result of our tion full of promise for the future. It was a matter of congratulation to witness the invitation extended by the American Medical Association meeting in May, 1891, at Washington, to the American Pharmaceutical Association to | send delegates to that body. Twenty-five were selected to represent pharmacy. Let us go and do likewise. If we invite delegates from the State Medical Association to our next meeting, we may be sure the action will be recip- rocated and good results will follow. ————— a The Druggist as a Business Man. From the Pharmaceutical Era. Our great English contemporary, the | Chemist and Druggist, in a recent issue | speaks wise words of caution and advice | under the caption ‘‘Chemists’ Book-keep- ing.” The information embodied in this article is of a nature to command very eareful thought from the druggist. It is shown that statistics of failure demon- strate insolvencies of druggists to aver- age between one-half and one per cent. of the number engaged in business, and, while this seems a small proportion, yet when itis multiplied by the number of years which may be found to be the average period of the druggist’s career in business it is very large. Thus, if the average period is twenty-five years and the average failures during the annum are three-fourths of one per cent., there isa showing of nearly 19 per cent. of failures among those who go into busi- ness. Tabulated records of the bank- ruptcy courts, so far as they relate to chemists and druggists, are presented, and the significant statement is made that in dealing with the bankrupt estates of chemists and druggists it is almost invariably found that the debtor had not kept books to disclose his financial condi- tion. If the druggist does not keep close track of his business, his expenditures, sales, and the many little items making up the aggregate, itis not at all surpris- ing that he becomes involved in financial difficulties. Too many place all the cash received from sales into the money drawer and from this pay their bills as they are brought in, without keeping any special account of these business trans- actions, and at the end of the year the balance is often found on the wrong side of the book. Insolvent druggists are very naturally the ones who have not kept proper accounts, and our contempo- rary argues that there is a natural ten- dency on the part of tradesmen to lose their interest in book-keeping when things go wrong with them, and that it requires an exceptional courage to con- tinue year after year the strict records Book-keeping is a pleasant duty if favorable balances are growing anda most discouraging duty ledger shows only accounts which cannot be paid and expenses which can never be recouped. Lax book-keep- ing isa serious injury and one of the causes of financial embarrassment, but is no doubt as frequently the consequence as the monetary cquse of difficulties. The conditions governing the drug trade in this country vary considerably from those existing in England, yet every business should be watched in its tak- ings and outgoings closely and systemati- eally, and he who pays strictest attention to these details is he who knows at any day just where he stands and can plan and work and scheme for the future. Just what method of book-keeping is best available in the drug store we can- not advise, but we surely have the sup- port of the successful men in the trade in our advice that the business side of the drug store should be closely watched and conducted in a business manner. ——-o-<———————— A Quinine Discussion. From the New York Shipping List. The managers of two German quinine factories have been divulging secrets concerning the efforts made last winter to establish an agreement among all the manufacturers, and the London Chemist and Druggist devotes considerable space to what is styled a ‘‘confession’’ on the part of one of the leaders in the move- ment. According to this narrative, it was the purpose to limit production, and to establish the wholesale price at 50 marks per kilo. It was argued that the profit of 30 per eent. to manufacturers could be main- tained, put the problem of how to dis- pose of the accumulating surplus bark, as a consequence of decreased manufac- ture of quinine, was a serious stumbling block and remains unsolved. One Ger- man factory is said to have withdrawn from the negotiations because the bark growers would suffer from such an ar- rangement. It was certainly very kind and humane treatment of the planters if the tale is true, but we heard at the time from very good authority that the factory withdrew because the allotment was not satisfactory—in other words, because it was not allowed more than certain com- petitors, like a boy demanding a larger slice of cake. It is well enough to at- tribute some other motive as prompting the action, provided there is ground enough to stand upon, but the truth would have been more acceptable in this case. The so-called ‘‘confession’’ will not re- dound to the credit of those engaged in it. The American representatives who participated in the negotiations acted the part of honorable gentlemen in refusing to talk on the subject after their return. Noamount of questioning could influence them to say a word of what transpired, and they still maintain a strict silence. Two other delegates, however, through a desire for cheap notoriety, probably, give publicity to matters which were considered confidential from being dis- cussed at private meetings of the quinine manufacturers. Of course,no harm can be done by the unimportant developments as the market has undergone a change since November, and there are no pros- pects of an agreement ever being made between competitors on the other side, butit is the principle of divulging secrets which should be condemned. When a man is taken into the confidence of others, with the understanding that what he hears is not to be discussed outside, he should hold sacred every word and action until given permission to do other- wise. i Al Points for Clerks.‘ In these days of sentimental labor dis- cussions and false estimates of values the great danger is, says the Boston Her- ald, that the world will lose the sturdy strength of body, mind and morals that has been its firm support, especially in the life of this country. In place of re- garding work as a friend, the majority of the people regard it as an enemy, and the attitude that the average man and woman takes is that the world owes him or her a living, and has to give it with as little return as possible. In the old time the idea prevailed that what was worth hav- ing was worth working for, quite a dif- ferent way of looking at it from that by which it is regarded by the present gen- eration. Almost daily one sees typified in busi- ness life the old parable of the talents. He who knows what to do with the one so that it increases and comes back to him double, is the one who makes the success, rather than he who having more, buries it to keep it safe, so that neither he nor the world is any better for his possession of so much that might be made of real value. The story of the early beginnings of one of Boston’s prominent business men may be interesting as showing that one must pay for what he has in this world, as a rule, by hard work and sacri- fice. Like so many other strong business men, he was a farmer’s boy, and his early life was that of so many another boy of the same class. But, like somany another, his ambitions ran away beyond the boundary alike of the farm and the little town which he knew as home, and he longed to go out into the big world and try his luck at mastering it. He felt that destiny had something larger in store for him than he could obtain in the little world which was all he had known, and, with the pluck and perseverence that has always been characteristic of him, he set out to compel fortune. He was then 15 years of age. He went to Worcester into the employ of a small clothing, dealer, receiving for his compensation the first year, his board. Most young men of the present day would turn up their foolish noses at working a year on ‘‘board wages,’’ but they might easily afford to do so if their future could be as assured as was that of the plucky farmer’s boy. The second year he received, in addition to his board, $1 per week, a very munifi- eent sum to the 16-year-old fellow who had actually been without pocket money for a year. It was while he was serving as a boy in this house that he met and knew Mr. M——, the partner of the present house. Their acquaintance soon grew into genuine esteem and regard, and from this friendship grew the pres- ent business association. Mr. M—— opened a store in Worcester, and made his young friend perfectly happy by ask- ing him to become his assistant at what seemed the magnificent salary of $300 a year. It seemed then to this boy of 17 | as though fortune had opened wide her door to him and bade him enter. He wasn’t at all slow in accepting the invitation, and so kindly a guest was he that new favors were showered upon him, and he showed that he merited them all. This beginning was the first step toward the foundation of the present house, and it owes its prosperity very greatly to the courage, the patience, the perseverence and the far-seeing wisdom of this young man. ii tia Shall We Have an 1891 Meeting? TRAVERSE City, July 10—As the usual time for the annual gathering of busi- ness men is approaching, I would like to know whether there has been any move made in the direction of time and place of hold it. The date of our last meeting was an unfortunate one, and the fact of our not being able to accept the hospi- tality of our Saginaw friends at a time when they desired, operated against us, I believe, by scattering our forces to the four winds. It is true, nodoubt, that some of the local bodies have forfeited their right to a charter, and in conversation with some they ask if it is wise to hold a meeting this year. Does this condition in some quarters warrant usin continu- ing silent? Is there not a manifest dis- position on the part of all to continue these annual meetings,even though there is no apparent demand for action in a par- ticular direction? The good that has been done lives to-day in many a town. Many good things trace their origin to the association of business men, and the pleasant acquaintances we all made so recently stimulate my thought, and oth- ers no doubt, to another meeting, such as was held in Muskegon, Flint, Cheboy- gan and Grand Rapids. Will you not throw the subject of a meeting open in THe TRADESMAN, inviting correspon- dence? Let us see the disposition toward it and ask for some expresston. I could name a hundred I would like to hear from, but would, however, much rather see them. Our local association is all right, with over 100 paying members. FRANK HAMILTON. — 2 << The Drug Market. Gum opium is dull, but not quotably changed. Morphia is steady. Quinine is weak. Oil erigeron has advanced. Oil fireweed is higher. Linseed oil has declined. THE MICHIGAN TRADESMAN._ Wholesale Price Current. Advanced | Oil fireweed, oil erigeron. Declined—Linseed oil. ACIDUM. —. Pe teteet cues @ 7 50 TINCTURES. xec. Os oc din cone 2 50@2 7 —, German... 80@1 => epee a 2 50@2 75 | Aconitum Napellis R....... 60 MSE... =... sass op | Gaultheria ............ 2 00G2 10 F......, 50 Carbolicum ........... 23@ 35] Geranium, ounce..... in nnn n-ne sooo es 60 Giivdoumn ..3...--..-2-- 58@ 60 | Gossipli, Sem. gal..... 50@ 75 >. aamaneneaenees 60 Hydrochior 3@ 5 eaten 1 35@2 00 ee 50 Nitrocum 10@ 12|Juniperi............... 50@2 00 Beereeee.. s,s... 0 Oxalicum ......... . n@ 18 Devendaie ............ 90@2 00 | Atrope Belladonna.......... 60 Phosphorium dil.... Eine oo... 2 50@3 10 | Benz Pa we ttee eee se teeceeee 60 Salicylicum ........... col = 70 Mentha Piper.......... aa eter sneen erst 50 Sulphuricum. . Mentha Verid......... 2 = 13 BuIMATIA......-. +++ eee eee 50 Tannicum..........--- 4 ian Pi ne gal......... 1 00@1 " Cantiae’ arses straeter 50 Tartaricum. . 0@ 2 "vn ay alam oa = Capicwa oe 50 AMMONIA. Pils 8 Liquids, (gal..35) 10, 12| Ua 2 es wet eee sees econ a oe 1 20 cHortirnreee © Agee, oo _< : eis Ce 75@1 00 Os. 100 COEDODEE o.oo sccses 12@ 14 Resse cgunce.......... @6 00 ete chee 50 Chloridum ............ 12@ 14] Succini............-... a ee 50 Sa 90@1 00 CO.... 2. serene OO ANILINE. Santal cee ee 3 0g 00 a vee cete eens eee sees . WN ise ccen nrc ose 2 00@2 25 | Sassafras.............. ee ee rer reees } Si a ee i of BIOWB..--2+0++0 0000005 = 00 — g > Digitalis oo. 0...00 000 coos 50 had alia lanl lau soos -" Se a i cee cece ee ces Yellow .....----+-++++- 2 00 — ome... = = Me es 50 BACCAE. Theobromas........... 15@ 2] a CO.... sees eee eevee 60 aan *..- 90@!1 10 POTASSIUM. © ae anteeeee .......-....- 8@ = ee eh IG tee 50 Xanthoxylum......... QD Bichromate ........... 183@ 14] Hyoscyamus................ 50 BALSAMUM. Bromde............... a Si lodine.............-.. .....- 75 RS ce ecco es 12@ 15 - Cotoriems...........:. %5 Gate ceteeceereceees G1 75 Chlorate, (po. 16). 2... 14@ 16| Ferri Chloridum............ 35 Terabin, Canada ..... 35@ 40 Toa se 302 90 a 50 Tolutan .....-.--++-+++ 35@ 50] Potassa, Bitart, pure.. 28@ 30] Myrrh....................00. 50 CORTEX Potassa, Bitart,com... @ 15 ae Vomit... ........ 50 . 18 Poetass Nitras, opt..... 8@ 10 Opii eg oe ea ceres 4c cess 85 Abies, Canadian..........-- ii Potass Nitras.......... 7? 91 “ Camphorated........... 50 Cass: — eae 18 Preee os. 2 Se) Bebe 2 00 Cinchone Fieve ng") gp] sulphate pe.......---- 19@ 18 aurantiCortex...... ..... 50 Myrica Cerifera, po........- 20 RADIX. — cues ee eer enee eres 6 50 Prunus Virgini.........----- 5 oan sae 20@ = — cette eee ceee eter tee po ei ie ak el & eee eee eee ee ee er sd — Ee id —_....... ne 20 15 Cassia Acu a weeteeeee cee = Ulmus Po (Ground 12).....- ee > eS na. oe EXTRACTUM. Gentiana, i 10@ 12] Stromonium................. @ ( ) 0@ Glycyrrhiza Glabra... U@ % Glychrrhiza, (pv. 15).. 16@ 18| Tolutam ............-. --+-+- 60 33@ 35 ae Canaden, Valerian .. a 7: ... ......... @ 3 Veratrum Veride............ 50 Heliebore, Ala, po.... 15@ 20 — Po: Leche ees 15Q 2 jenna mA Tpecec, oo............- 2 40@2 50} Atther, Spts Nit,3 F.. %2@ 2 Iris are (po. 35@38).. R2@ 35 ' ' ~ of... @1 75 Antimoni, mG... .--..- 4@ & © Oe......-.-. 6 75Q@1 35 et Potass T. 55@ 60 Sots ......... em St) Antipyrin ............. @1 40 Sanguinaria, (po @ Wi Antiteprin............. @ B® a ny cares... ........ 40@ 45] Argenti Nitras,ounce @ 6% Benes .............-.. Sot Areentcum ............ s FT Similax, Officinalis, H @ 40} Balm Gilead Bud..... 38@ 40 M @ Wien & N......... 2 10@2 20 Seillae, oo. 3) ........ 10@ 12 epg Chior, 1s, (48 oe Foti- ey... @ 9 am ro age cess 6 6) e = Candiiaridien Russian, @1 2 iifol, Tin aleriana, Eng. (po BD] PO ..-.--eeeseeeeeeeee cae oaepeayaetetias 25@ 28 German... 15@ 9) | Capaiel Fructus, af... @ 2 . Alx. 35@ 50 ons as 10@ = ru @ 2% Salvia officinalis, 4s meiner 3........... 2 ‘“ ‘“ @ 2 ANG YB.....--eee eee 12@ 15 SEMEN. Caryophyllus, (po. P18) 12@_ 13 Vive Ural......----.--- 8@ 10] Anisum, (po. 20).. @ 15 Te No, 40 — ar @3 %5 G@UMMI ‘Apium (graveleons).. 22@ 25 | Cera a,S.&F..... 50@ 55 te 4@ 6 Comm Piava.......:.... 38@ 40 Acacia, ist picked.... @1 00 Carul (po. 18) .... a &®@ 12 Coteus .............-.. @ 40 een | sn sane 1 00@1 25 | Cassia Fructus........ @ 2 “ 3d a. @ 80 io | CEOMGRGIG..........-...- @ 10 “ sifted t @ 8 Corlandrum........... 10@ 12 . sorts. Cannabis Sativa. ce 104% oe @ 42 ines wean 75@1 00 Sed. lll %5@1 00 Chloroform . 6@ 63 Aloe, Barb, (po. = 50@ 60 - ann oo llc. 10@ 12 uibbs.. @1 10 a ree’ @ i Dipterix Odorate...... 2 vag 3% Chloral Hyd ‘Gest eaeee 1 50@1 a = Socotri, (po. 60) . @ 50 Foeniculum......... ee, ee 2 Catechu, 18, (348, 14 48, eae 33 | Cinchonidine, P. & W 15@ 2 FB) once ccccesees cee eG i ae eats 4 ye 4 German 3%@ 12 ee as = s Lint, grd, (bbl. 3%)... 4 @ 4% —_— list, dis. per “ % ee ee ee ee Bengotnum..-------- ae = Pharlaris Canarian... 34@ 4% creauotin — g 50 orbium po ...... Se Sine ie eens ® 5 nn pe @s 0 | Sinapts, Albu......... 2% 3] “ peecip.......... %@ 11 Gamboge, po......---- 80@ 9 - Meee... .... 2... @ 8 Guaiacum, (po 30) @ % er iii 28@ 30 Kino, (po. 25)...----+- @ 20| Frumenti, W., D. Co. -2 00@2 50 dee @ A Mastic... .. @ w D. F. R....-1 75@2 00| Gupri Sulph...2212)111 5@ 6 Myrrh, (po. 45)....---- Di 40] grin a egeee es oe Dextrine .........--... 10@ 12 Opil. (po. 3 W)......-. 2 00@2 10 Juntperts Go. 6. P...11 75@1 % | Rther Sulph..2. 2... Shellac 23@ 75@3 50 = er Su er 68@ 70 “ biesened ae 28 33| Sancharum N. B......1 75@2 00 oe 68 Tragacanth .......---- 30@ Spt. Vini Galll.....--. T5@6 Ergota, (p Ly OO. BO@ 55 nenBa—In ouncepackages. | Vini Oporto.........-. 1 25@2 00 Blak , Mee 2@ 1 Po AO a 25 Vink Albaeecc.0. 1 26@2 00! Gallia .................. @ Bupatorium ......-+0---eeees 20 SPONGES. Gambier nase (con dciees 7 @8s Wi oo cence anes sete se 25] worida sh L Gelatin, Cooper....... @ 70 28 orida sheeps’ woo [ prenen........ 40@ 60 Mentha Bipetiva 0 Bs carriage......-..--.; 2 25@2 50 | Glassware fiint, 70 and 10. ...... =a SS a Rue Racca cnsareensn neon - Velvet extra sheeps’ se Glue, — te an 3s Thymus. Vv. Ce ec tee aan ese 25 ee es Glycerina .. WT 6@ & ymus, Extra yellow sheeps Paniia . | 2 2 ee 13 Hancock peeneatetertncten 1 20 82 1undred. $2 50 No 1 sin | naien. 106 ee 3 3 lover ee Oo” zallon .. s+ ee : a 3 . eg a ; | BU Sa: D 3, A 4 i fee aaa = : oo Ba eecesinacnes 2% 3 5 Cs tne ete coca 05a aa a 40 SODA. ! oxi i. OCOLATE—BAK $1 $B Bang re . = York State.... —.- Premium Sweet.. ER’S — Le deaiate atlas 5 00} Pure. pense a a woo i ~ oo on ea OREN og | oes co ee 6 00 Calabria Ce cen, a. i eon ‘0 ee apreos 2 a eg: once ee 30 | Kegs. SAL SODA. . , 5 H CANDLES eae eo tee eee weet ene ‘ 3 — i - : Ce. 3 : aoe Sr Bl mart temo eros ?, r, 40 . . 10% | Norwa ‘CHEESE. ng discounts: ne follow- ondensed, 2 doz iM olin aragine .. . ees 10% Yo ‘ = = a =: oe a NP owe ie g og 1500 F OVE. ---.---- = per cent. = 9 sulphur....... oa set tees 44@ 6 ee .25 | Skim ce ss a Anchor parl ee > a ea : eo . ag Ra Ee Rea 20 “ No. 2 or. oo | [poo cn gt Fin foil cak per — CANNE Sa Le oe 2home.... et eam A 3% | Baker's ee se GOODS. Sap Gago......---.---- @ 8 | Kenosha — Export parior......-...----. 1 10 ia rate ere a | Baker's, per Ib... pare re 30 i 3 ; eoee seers neeeoe dy “A paren ewoonest , _—_ Swiss, imported ..... SF oo | Seymour atter..... 2.24.22. WY MOLASSES. eee oe Littl y ms. “ a 24a But ——. ; a | — e Neck, 1b... Li domestic .... 24@ 25 ee, 5% | Sugar house strap. | a ii =e i a ' : i Aah 3 t fai Heese 5% Cuba Baking. 16 | 100 Niieia | Cryste stal. Straw PAPER. RE Stand lam, Chowder. 90 CHEWING G --+ 11] Bost scuit .. Ruan 3% Ordinary ........ ing. | 375. sacks. .__.. nr Rockfalls ..2 2.22.02... : “3 a on so. oo ame @5Ib “ RO 4 falls ical »3Ib......-...... 2 T, 160 tumpe. Boston. ---e-22000 eevee 7% —— 7 : foe a 2 , Es 2 ae le a “ eta ico. | _28 10-Ib. sac ks.. . 2 25| Hard UAL.--. sees. 2 tandard, i a 1 10 Spruce, 200. pieces........... a is. Gea Ce fe OO 2 | 24 - oo 20 a et = 2 beea ee eane ..40 ae eee ewes caer maa 28 cents es 13 | ae ee ‘ CAT Cis Onion SET i) ew i ‘in tinea lg oe St aaa -.1....2 10 | Snider's, oh cans, ty “Oyster. 5b 5% | Fair......... Orleans a dairy in linen bags oe Jute Stan ic. 3 ar, 1 = cv aghne -) ayganepera ater 1% CREAM TARTAR. pees TOU eae 17 7 a = : : i r : a ag = Paral eee ec cceeas 20 | 56 Wars 25 | Express Welt). @b Picnic, a 3 45 caart.. OTT pure.. ra ZOOd....+.+ ae inen’ lscouon, 7 i tb eA -+-+38 oo bg CLOTHES PINS, 350} gq ae @ Absolute... 1...) 30 ee quae 26 | 28 Ib, airy in linen bags 35 | owas 5 gross boxes flfers Absofies-=.c-. | | PANE i ane ceeececces 20 : ¥ "8 ... 18 | Cotton, a. 3 M sectrcat cis 3 00 awe One-half barrels, 3¢ ext . Ps = ai Standard, — eo SHELLS. 40 . ae io@is . ooo 3c extra 36 | 56 Ib. dairy = oC ‘e ee me : a 12 | Pound packages... ... 4 — ' Ht ba = , ‘ Fi — ner BD... +00 2 packages........ & i a as 50 | 001 dairy — | No.5 Hemp ee romato Sauce, a 00 es : Sundrie _ s. ai... @2 8 c : pe 3 aus i eee 4 : OF aia See ae @8 —_ ice OATS. @ 88 | 56 lb. sac Solar Rock. te TE 18 oe ig crema a, alt eo ><) | Saginav ort: _ WOODEN ae eone ‘ Cc : on. Sal 1 s 190... @2 88 | Cc aw and ¥ > “- ' ee oe vi oo pai es Rio, Apric — Evaporated. PICKLES. @5 50 | Common Fine per tanisies, ° wa " i 1 ae 7 00 Alaska, J a talls........ 1 65 — wee AREA oo a 14 Barrels, 1,2 Poon Dwight = oo — a Ee 1 20] ion a ao er roma Pa ee 6% | Half bar 1200 count...... $6 50 ts ad 'sCow. roams | aes = i edie | 1 90| Pe sn ee on | ne “a 13 rels, 600 count "5 uel eel ae : tale = 4 = 7 : 4 2 ade 1 — .-. 2 50] Dat, 5Y% — iree-hoop.. one ae Sees Pear 2 Barrels, 2.4 st eLand’ BC a D sg >. Eo aE B Pp ins 5 gr. b ° ~ 1 4s .. @6IF antos. Boo. Half | 400 count 7 js aera A : 2 ou Import d 1 ee:...... %@ [ro .......... Denies awoek.. |... a barrels, 1,200 c =-r2-+ «301 G farves : eee ed 148.....-.-- *“seete Se 20% aweets. (0200. 10 Ic Hesse count... 4 00 Golden Harvest : oe =e a a. . a 216 -ES. . y Ee : : 5 se il ig 9 oka. 13@14 | Peabe eee Burkey. tse oka = = “a i a ai Rey LL Bosnia..... ... stones @7 | Cob, No. 3.. ull count........ e Barrels... on orn. “ assorted, 17s 2 75 rook, $ Ib....... 2 50 Fair nand Guatamala. eee @ : wick” "425 hale 228 | Baske t = ana i : 8 HE 2 50 ee oo Q § ee ‘ae “8 FRU Bae 92 4 ne : ss e- = ees , i a Carolina — ane. : | shipping ; a = York State, aan. ee os Oege : 18 a EDGES v : > | vs a i 3 : Ham eee 3 25 ‘Mar Teese narra permpessng 18 : DADS... - | i ee iF burgh, ‘A 3 25 | Prime . acaibo. In wee Ginger Snaps... seine 7 tte “i SHE Santa Cruz pricots., 90 | Milled . al a G20 = a — . | : 7 So ; 2 25 is 2314 Lisseseee ©@20_— | JOpan, N ported, Frosted Creams..... = ‘ i tg — a on aes 4 Zanto, in {CURRANTS. Nog: hh es 6% Graham Ques 8% | ‘ eolint ¢ a 7% Po ae < riva a vane te a noo | : oF - i , F.& W Blackberries. 2 35 a as 28 < Sieecam ae 3 = . =e | : — : ee me) eBS quantity g| Patna......-.--..scssees oc 1 box. or Red Cherries. 99 | Imitation Mocha. “ RAISINS—Calif: y @5% Ww 500T aR : eee mate 2 x s Pitted Hambur ae 1 20 oe 25 a _— cen : S doze! ai oe ae ; : = = lee : ; | seen rt ey JAPAN—R | No. 1 Whit AT. ea if ROAST “ 2 eo Si Ge sii a “a — has y ees ae i = sae ascertain cost of roasted Muscatels, 2 ae 2 = SAPOI ah woe cs “$s 5 00 | Gaul TaN “se eM i eo ia tn Pines 30 adc ste oe a 2 us Mules a: fe 3 sons, Egg Plums and Green | | ing and 15 dg = for roast- er Se, : = es 8 doz. in box..... 2 50 aoe Seen eee oe ee eae sd me... tages age. or shrink- ee eign, ee 2 So NG w+ B2 @34 ie FL a4 me oa vs alonelas..+- 000000. ’ 8. sg 10 @i! iS y ¥ OUR. z sae ~ Sitar. Saar Boos sees vos 6% Snider’s Tomato... 2 65 Fair SUN CURED. mig | Straight, in sack Lo 5 20 MATION 2... cece secece ‘iy | FARINACEOUS Go i: ch , - 5 ; 2 “ 3 ? Pie Peaches. 1 10 % Shanenonens oops 15 SPICES Good .. «. Ce oo pace barrels. ae 3 — 0 A e ' a Liste a we od amie € eae i . eee 2 Shepard’ a 1 60@! 75 100 Ib. kegs... ina. Allspice Whole Sifted. | — anh oa oot _— racks tae ® ee 2 2 sescecese a ee a 15s . ai ‘a * Cc a. seen is 2 25 —— a Hominy. 4 | Cassia, — in mats....... | : bisa i = : oe : 7 ea 2 60@2 75 Ne nae sm | u 3atavia in bund... v% | Fair ..... eno | Sere a53 Domestic 8. peerage | Salgor | a tee... 18 G ; mings... .. omestic..........-. i fee lo 1in rolls......3 ee @u | Screenings coe a, ee : 25 ~~ hE or 6 | — a settee ne = Prone vee ox wise ae nea nine 25 caroni ¢ oe a \ Mac - ee ee x ra choice, > aa ixed PT 34 0 a mmon .... earner Domestic, 12 TT Vermicelli. 7 | Nutm Batayia....... i ce ce, wire leaf @40 | Coarse — dae uo 24 9 Johnson’ 3 sliced...... 1 30 Imported.....-.. 60 | egs, fancy...... oe rr to. ae tern i. grated...... 2 60 lk Peari Barley. 11 | ‘“ = ae = toe fine t fine se all = : Quince ie 2 85 CGS. ...-- ¥ LE | Choi e to finest. es Guimnee os. 7: a. on ares a_i biack..15 | eng 8 ett ! a 8 — | Ce 4 a white ore 1b | r¢ OOLONG, | Brewers BARLEY. .7 t Bla sataacca ante aate ss A eas ahs 25% | oes esa Ae ID 1 20} P shot.......... - 25 | ae to fair.. Fe a oe — . as Hamburg....... 1 30 > oe 24% | Gage 6 50| Alls a serait sai | | Fite sa eee: ce : e, black. 1 50| Vall XTRACT. | German. . \lispice ...... Fine to choic : |S sae i Liu ddeeas 1 40! Fel sow Cite ay ee 5 | | Cassia, Batavia... 2 aac’ = Fas : ee ce | aes. oaeweens 5| ea osecece es 20 | Co 2 i = : Ca 115 iN | * Saigon Saigon.25 | Super on Se Fs 23 @w hence i | Cloves, Ambo na. Seca 35 | lor tonne. ---.+-- 30 @35 lee ss es z Cin ie _ vai a : . Superior to ms 9 a DPW cae suucaucs une HO os asess 14 —: THE MICHIGAN TRADESMAN. THE ABC OF MONEY. BY ANDREW CARNEGIE [CONTINUED FROM LAST WEEK. ]| Although one would think that in coined metal pieces we had reached per- | fection, and that with these the masses | of the people could not be cheated out of | what is so essential to their well-being, —‘*honest money,”—yet one way was found to defraud the people éven when such coin was used. The coins have sometimes been ‘‘debased” by needy gov- | ernments after exhausting wars or pesti- | lence, when countries were really too poor or too weak to recover from their | misfortunes. A coin is called a ‘‘de- based’? coin when it does not possess metal enough to bring in the open mar- | ket the sum stamped upon the coin by the government. There is nothing new about this practice, which always cheats the masses. It is very, very old. Five hundred and seventy-four years before | Christ the Greeks debased their coinage. The Roman emperors debased theirs often when in desperate straits. England de- based her’sin the year1,300. TheScotch coin was once so debased that one dollar was worth only twelvecents. The Irish, the French, German and Spanish govern- ments have all tried debased coin when they could wring no more taxes directly out of their people, and had therefore to get more money from them indirectly. It was always the last resort to ‘‘debase” the coinage. These instances happened long ago. Nations of the first rank in our day do not fallso low. I must pause to make one exception to this statement. I bow my head in shame as I write it—the republic of the United States. Every one of its silver dollars is a ‘‘debased coin.’’ When a government issues ‘* debased coin,” it takes leave of all that experience has proved to be sound in regard to money. Sound finance requires the gov- ernment only to certify to the real value possessed by each coin issued from its mints, so that the people may not be cheated. Every time the government stamps the words ‘‘One Dollar’? upon 37114 grains of silver, it stamps a lie: disgraceful, but alas! too true, for the silver in it is worth to-day not a dollar, but only seventy-eight cents. Another delusion about money has often led nations into trouble—the idea that a government could ‘‘make money”’ simply by stamping certain words upon pieces of paper, just as any of you can *“‘make money’’ by writing a note prom- ising to pay one hundred dollars on de- mand. But you know that when you do that, you are not making ‘‘money” but making a ‘‘debt’’; so is any government that issuesits promise to pay. Andthere is this about both the individual and the government who take to issuing such notes upon a large scale: they seldom pay them. The French did this during their Revolution, and more recently the Confederate States ‘‘made money’ at a great pace, and issued bonds which are now scarcely worth the paper they are printed upon. Every experiment of this kind has proved that there can be no money ‘‘made” where there is not value behind it. Our own country issued bonds and the people of other nations bought them for forty cents upon the dollar, although they bore and paid interest at 6 per cent. in gold, so great was the fear that even the bonds of this country would not prove an exception to the usual fate of such securities issued during trying times. Only because the government kept strict faith and paid the interest and principal of these bonds in gold, and never in silver or in any depreciated cur- rency, has the value of its bonds ad- vanced, and the credit of the United States become the highest in the world, exceeding that even of Great Britain. There has never been a better illustra- tion of the truth that in dealing with “‘money,’’ asin everything else, ‘‘honesty is the best policy.” Our government also issued some notes known as ‘‘green- backs.’’ But the wise men who did this took eare to provide a fund of one hun- dred millions of dollars in gold to re- deem them, so that any man having a greenback can march to the treasury and receive for it one dollar in gold. But I am now to tell you another qual- ity which this basis article of metal has proved itself to possess, which you will find it very difficult to believe. The whole world has such confidence in its | fixity of value that there has been built |upon it, as upon a sure foundation, a |tower of ‘‘credit” so high, so vast, that all the silver and gold in the United | States, and all the greenbacks and notes | issued by the government, only perform |8 per cent. of the exchanges of the |eountry. Go into any bank, trust com- | pany, mill, factory, store, place of busi- ness, and you will find that for every one hundred thousand dollars of business transacted, only about eight thousand | dollars of ‘‘money” is used, and this only for petty purchases and payments. | Ninety-two per cent. of the business is done with little bits of paper—checks, |drafts. Upon this basis also rest all the | government bonds, all State, county and | city bonds, and the thousands of millions |of bonds the sale of which has enabled our great railway systems to be built, and also the thousands of millions of the | earnings of the masses deposited in sav- ings banks, which have been lent by these banks to various parties, and which must be returned in ‘‘good money” or the poor depositors’ savings will be par- tially or wholly lost. The business and exchanges of the country, therefore, are not done now with ‘‘money’’—with the article itself. Just as in former days the articles them- selves ceased to be exchanged, and a metal called ‘‘money’’ was used to effect the exchanges, so to-day the metal itself —the ‘‘money’’—is no longer used. The check or draft of the buyer of articles upon a store of gold deposited in a bank —a little bit of paper—is all that passes between the buyer and the seller. Why is this bit of paper taken by the seller or the one to whom there is adebt due? Because the taker is confident that if he really needed the article itself that it calls for—the gold—he could get it. He is confident also that he will not need the article itself, and why? Because for what he wishes to buy the seller or any man whom he owes will take his check, a similar little bit of paper, instead of gold itself; and then, most vital of all, every one is confident that the basis- article cannot change in value. For remember it would be almost as bad if it rose in value as if it fell; steadiness of value being one essential quality in ‘“‘money’’ for the masses of the people. When, therefore, people clamor for more ‘‘money’’ to be put in circulation— that is, for more of the article which we use to effect an exchange of articles— you see that more ‘‘money” is not so much what is needed. Nobody who has had wheat or tobaeco or any article to sell has ever found any trouble for want of ‘‘money”’ in the hands of the buyer to effect the exchange. We had a very severe financial disturbance in this coun- try only three months ago. ‘‘Money,” it was said, could not be had for business purposes; but it was not the metal itself that was lacking, but ‘‘credit,” confi- dence, for upon that, as you have seen, all business is done except small pur- chases and payments which can scarcely be called ‘‘business” at all. To-day the business man cannot walk the street without being approached by people beg- ging him to take this ‘‘credit’’ at very low rates of interest; at 2 per cent. per annum ‘‘money’’ (credit) can be had day by day. There has been no considerable difference in the amount of ‘‘money’’ in existence during the ninety days. There was about as much money in the coun- try in January as there is in March. It was not the want of money, then, that eaused the trouble. The foundation had been shaken upon which stood the nine- ty-two thousand of every one hundred thousand dollars of business. The metal itself and notes—real ‘‘money,’’ as we | haye seen—only apply to the eight thou- sand dollars. Here comes the gravest of | all dangers in tampering with the basis. | You shake directly the foundation upon | which rests 92 per cent. of all the busi- j/ness exchanges of the country—confi- | dence, credit—and indirectly the trifling |8 per cent. as well which is transacted by the exchange of the metal itself or by | government notes; for the standard arti, | cle is the foundation of every exchange- both the ninety-two thousand and the |eight thousand dollars. So, you see, if | that be undermined, the vast structure, comprising all business, built upon it, must totter. I have finished telling you about ‘‘mon- ey.” We come now to apply the facts to the present situation, and here we enter at once upon the silver question; and I am sure you are all attention, for it is the most pressing of all questions now before you. You see that the race, in its progress, has used various articles as ‘‘money,’? and discarded them when better articles were found, and that it has finally reached coined pieces of val- uable metal as the most perfect article. Only two metals are used among civi- lized nations as the standard metal— gold in some countries, silver in others. No country can have two standards. Centuries ago silver was adopted as the standard in China, India and Japan, and more recently in the South American re- publics; and it still is the standard in these countries. When adopted it was a wise choice; silver had nearly doubled its present value, and was then steady, and it answered all the needs of a rural people. The principle nations of Europe and our own country, being further advanced and having much greater business trans- actions, found the necessity for using as a standard a more valuable metal than silver, and gold was adopted; but as sil- ver was used as money in many parts of the world as the standard, and used in these gold-basis countries for ‘‘small change,’’ it was advisable for these na- tions to agree upon the value in gold which would be accorded to silver, and this was fixed at fifteen and one-half ounces of silver to one of gold. Please note that this was then as nearly as possi- ble the market value of silver as a metal compared with gold as a metal. The na- tions did not attempt to give to silver any fictitious value, but only its own in- herent value. And, more than this, each of these nations agreed, when the agree- ment came to an end, to redeem all the silver coin it had issued in gold at the value fixed. Everything went well un- der this arrangement for a long time. The more advanced nations were upon a gold basis, the less advanced nations upon a Silver basis, and both were equal- ly well served. What, then, has raised this silver ques- tion which everybody is discussing? Just this fact: that while the supply, and therefore the value, of gold remained about the same, great deposits of silver were discovered, wonderful improve- ments made in mining machinery, and still more wonderful in the machinery for refining silver ore; and as more and more silver was produced at less cost, its value naturally fell more and more; one ounce of it, worth $1.35 in 1872, being worth to-day only $1.04. It has fallen as low as 93 cents. It has danced up and down; it has lost fixity of value. To all countries upon a silver basis there have come confusion and disaster in con- sequence. The question in India, with its two hundred and eighty-five millions of people, is most serious; and you see how our South American republics are troubled from this fallin the value of their basis-article, by which all other ar- ticles are measured. Even the European nations which are upon a gold basis are troubled by this ‘‘silver question,’’ for under the agreement to rate fifteen and a half ounces of silver as worth an ounce of gold some of these nations have had enormous amounts of silver thrust upon them. Most of them saw what was coming many years ago, and ceased to increase their silver; some dis- posed of a great deal of what they had, and placed themselves strictly upon the gold basis; but there are still in Euro- pean countries eleven hundred millions of dellars of silver legal-tender coins, not counting the amount of *‘token” silver money used for small change. It is not safe to say that less than twenty-five ounces of it would be found equal to one ounce of gold if putin the market, in- stead of the fifteen-and-a-half ounce basis upon which these countries have obtained it. All European countries have been, and are still, trying hard to escape from sil- ver. In 1878, those comprising the CUTS FOR ADVERTISING. Si « & Send us a photograph of your store and we will make youa Column Cut for $6. 2-Column Cut for $10. Send a satisfactory photograph of your- self and we will make a column Portrait for $4. THK TRADESMAN COMPANY, GRAND RAPIDS, MICH. WHEN the strike is ended, WHEN differences are mended WHEN all is serene, WHEN everything is clean, WHEN cigars will take a boom WHEN your dealer has not the WHEN ask him WHEN he wit have them. THE LUSTIG CIGAR CO. J, LUSTIG, State Agent. S.A. Morman WHOLESALE Petoskey, Marblehead and Ohio LiIiMSs, Akron, Buffalo and Louisville CEMENTS, Stucco and Hair, Sewer Pipe, FIRE BRICK AND CLAY. Write for Prices. 20 LYON ST., - GRAND RAPIDS. FOURTH NATIONAL BANK Grand Rapids, Mich. A. J. Bowne, President. D. A. is «peEtt, Vice-President, H. W. Nasu, Cashier} CAPITAL, - - - $300,000. Transacts a general banking business. Makea Spotty. of Collections. Accounts of Country Merchants Solicited. ORR Mr TENN pe rate | | ! | ORR Mr TENN pe rate een ON CN nee a mee nina. © THE MICHIGAN TRADESMAN. 15 Latin Union, which fixed the price of silver—France, Belgium, Italy, Switzer- land and Greece—finally closed their mints to legal-tender silver. Nor- way, Sweden and Denmark in 1873 and 1875 ran out from under the silver ava- lanche, and now stand firmly upon a gold basis. Holland also, in 1875, took its stand practically upon gold. Aus- tria-Hungary has not coined silver since 1879, except a small amount of ‘‘Levant silver thalers” for a special trade pur- pose. Even half-civilized Russia took the alarm, and ran as fast as she could out of the silver danger, for in 1876 she shut her mints to the further coinage of the dangerous metal, except such small amounts as China wished to take prompt- ly from her. So you see that all those countries that have tried silver and found out the evils which it produces, and its dangers, have been, and are now, using every means to rid themselves of it. For thirteen years it has been cast out of their mints, for during this long period no full legal-tender silver coins have been issued in Europe. Only our repub- lic, among nations, is boldly plunging deeper and deeper into the dangers of silver coinage. When we have had the experience of older nations as to its op- erations, we may and, I think, surely will wish, like them to retrace our steps when it is too late. So, you see, there is trouble wherever there is silver. What to do with their silver, which has fallen so low in value, is a serious problem in all these countries. It hangs like a dark cloud over their future. So much has silver fallen in all parts of the world and disturbed everything that several conferences have been called by the nations in recent years, to which the United States has sent delegates. The object of these was to see whether the chief commercial nations could not agree again upon a new gold value for silver. But the conclusion has always been that it was too dangerous to attempt to fix a new value for silver until it could be more clearly seen what the future was to show about its supply and value, for perhaps it might fall so low that twenty- five or thirty ounces of it would not be worth more than an ounce of gold; no one can tell. As our country has already gone so far into the danger as to have four hundred and eighty-two millions of dollars in depreciated silver, we had to eonfer with our neighbors in misfortune, and appear as creditors have to appear at meetings held to try to support the bad business of a failing debtor. Perhaps you are asking yourselves why, when I spoke of all the European countries in relation to silver, I did not state the amount of silver held in reserve by our principal rival, Great Britain. Listen one moment, and then ponder over the reply. Not one dollar. France has no less than six hundred and fifty millions of dollars in silver in her bank; but every dollar of Britain’s reserves are in the one steady, unchangeable basis- article—gold. Wise old bird, the dear mother-land sits upon her perch, whis- tling away out of all danger from this silver trouble. She has made London the financial center of the world. If any- thing be bought or sold in foreign lands, a draft upon London is demanded; be- cause every one knows that, come what may, it will be paid in the best article, which cannot fall in value—gold. No draft upon Paris or Vienna or New York for wise men. Why? Because the nations represented by these cities have become involved in great possible losses by their huge piles of silver, and may attempt by legislation to make drafts payable in that metal, which fluctuates so in value. I wish the people of the United States would watch Britain carefully. She is keeping her own counsel; she is treat- ing the silver-loaded nations with cool politeness in the conferences, which she graciously condescends to attend only because India, over which she rules, is unfortunately upon a silver basis; if it were not for that, she would probably politely decline. When they talk about fixing a gold value upon silver, she says that she really does not know what she will decide upon inthe matter. What she is praying for is that the United States will continue to go deeper and deeper into silver until retreat is im- possible, and she will keep her old policy, which has made her supreme in finance. Her only possible rivalis not to be found in Europe, but herein the United States. What a grand thing for Britain if our country could be brought down to a silver basis—forced to re- linquish the one standard which can alone give a-nation front rank in the financial world! Silver for the republic, Gold for the monarchy: this is what Great Britain is hoping may come to pass, and what every American should resolve never shall. Governments may pass what laws they please about silver: the world heeds them not. Every business tran- saction between nations continues to be based on gold exclusively—nothing but gold—and will so continue. Britain knows this and acts accordingly. I think I hear you ask indignantly: ‘How came our country to have three hundred and twelve millions of silver dollars in its vaults, like France, instead of having its reserves in the sure gold, like our rival, Britain, when, like Britain, we have gold as our basis?” That is a question every farmer and every toiler should ask, and demand an answer to, from his representative in Congress. The reason is easily given. Here is the history. Silver, as we have seen, had fallen in value, and was likely to fall still more. European nations were loaded down with many hundreds of millions of dollars, and all anxious to get rid of it; owners of silver and of silver mines were alarmed; what was to bedone to prop the falling metal? Evi- dently the government was the only power which could undertake the task; and towards that end all the influence and resources of the silver power were bent—alas! with eminent success; for the masses of the people were represented as in favor of silver. If true, they were going with the speculators against their own interests, in the most direct way possible. The first act which aimed to give by legislation a value to silver was passed in 1878. It required our government to buy at least two million ounces of silver every month, while all other govern- ments had stopped coining it, because it had become dangerously erratic in value. The silver men insisted that these pur- chases would raise its value; but were they right? No. It did not advance in price. What was to be done then? ‘“‘Ah!” said these silver-tongued specula- tors, ‘the trouble is the government has not gone far enough; only increase the amount; let the government buy four and a half milJion ounces per month of our silver instead of two million per month, and this will take all that the country’s mines yield, and more, too, and so silver must advance in value.’? They were right in stating that four and a half mil- lions per month are more than the total yield of the United States silver mines; and then eight to ten millions of silver are taken and used every year for other purposes than coining into ‘‘money,” leaving not more than, say, four millions per month for coinage. Many people were persuaded that if the government bought so much silver per month the value of silver must advance. The price did advance, for many of these mistaken people bought it upon speculation before the bill passed. Silver rose from 96 to 121—almost to its old rate in gold. But what has been the result since the passage of the new bill? The answer is found in the quotation for silver to-day. It is back from 121 to 97, and here we are again. So, instead of being free from the silver trouble, as Britain is and we should have been, these men have succeeded in unloading upon the govern- ment already three hundred and ninety million of dollars of their silver, and we are getting almost as badly off as France; but with this difference: France and other nations prudently stopped adding to their burdens of silver thirteen years ago, while our government is adding to its store four and one-half millions of ounces every month, costing a little more than that amount of dollars. The United States is trying to ignore the changed position of silver, and make it equal to gold, against the judgment of all other first-class nations. To succeed, we shall have to buy not only what our own UILY POR BUSINESS! Do you want to do your customers justice? Do you want to increase your trade in a safe way? Do you want the confidence of all who trade with you? Would you like torid yourself of the bother of ‘‘posting”’ your books and “patching up’’ pass-book accounts? Do you not want pay for all the small items that go out of your store, which yourself and clerks are so prone to forget to charge? Did you ever have a pass-book account foot up and balance with the corres- ponding ledger account without having to *‘doctor’’ it? Do not many of your customers complain that they have been charged for items they never had, and is not your memory a little clouded as to whether they have or not? Then why not adopt a system of crediting that will abolish all these anda hundred other objectionable features of the old method, and one that establishes a CASH BASIS of crediting? A new era dawns, and with it new commodities for its new demands; and all enterprising merchants should keep abreast with the times and adopt either the Tradesman or Superior Govpons. CUUPON BOOK ys. PASS BOOK. We beg leave to call your attention to our coupon book and ask you to carefully eonsider its merits. It takes the place of the pass book which you now hand your customer and ask him to bring each time he buys anything, that you may enter the article and price in it. You know from experience that many times the customer does not bring the book, and, as a result, is sometimes the cause of much ill feel- ing when bills are presented. Many times the pass book is lost, thus causing considerable trouble when settlement day comes. But probably the most se- rious objection to the pass book system is that many times while busy waiting on customers you neglect to make some charges, thus losing many a dollar; or, if you stop to make those entries, it is done when you can illy afford the time, as you keep customers waiting when it might be avoided. The aggregate amount of time consumed in a month in making these small entries is no inconsiderable thing, but, by the use of the coupon system, it is avoided. Now as to the use of the coupon book: Instead of giving your customer the pass book, you hand him a coupon book, say of the denomination of $10,. taking his note for the amount. When he buys anything, he hands you or your clerk the book, from which you tear out coupons for the amount purchased, be it 1 cent, 12 cents, 75 cents or any other sum. As the book never passes out of your customer’s hands, except when you tear off the coupons,it is just like somuch money to him, and when the coupons are all gone, and he has had their worth in goods, there is no grumbling or suspi- cion of wrong dealing. In fact, by the use of the coupon book, you have all the advantages of both the cash and credit systems and none of the disadvantages of either. The coupons taken in, being put into the cash drawer, the aggregate amount of them, together with the cash, shows at once the day’s business. The notes, which are -perforated at one end so that they can be readily detached from the book, can be kept in the safe or money drawer until the time has arrived you have to eharge| many items on your book that do not} appear on the customer’s pass book. This} for the makers to pay them. This ren- ders unnecessary the keeping of accounts with each customer and enables a mer- chant to avoid the friction and ill feel- ing incident to the use of the pass book. As the notes bear interest after a certain date, they are much easier to collect than*book accounts, being prima facie evidence of indebtedness in any court of law or equity. One of the strong points of the coupon system is the ease with which a mer- ehant is enabled to hold his customers down to a certain limit of credit. Give some men a pass book and a line of $10, and they will overrun the limit before you discover it. Give them aten dollar coupon book, however, and they must necessarily stop when they have obtained goods to that amount. It then rests with the merchant to determine whether he will issue another book before the one al- ready used is paid for. In many localities merchants are sell- ing coupon books for cash in advance, giving a discount of from 2 to 5 per cent. for advance payment. This is especially pleasing to the cash customer, because it gives him an advantage over the patron who runs a book account or buys on eredit. The cash man ought to have an advantage over the credit customer, and this is easily accomplished in this way without making any actual difference in the prices of goods—a thing which will always create dissatisfaction and loss. Briefly stated,the coupon system is pref- erable to the pass book method because it (1) saves the time consumed in recording the sales on the pass book and copying same in blotter, day book and ledger; (2) prevents the disputing of accounts; (3) puts the obligation in the form of a note, which is prima facie evidence of indebt- edness; (4) enables the merchant to col- lect interest on overdue notes, which he is unable to do with ledger accounts; (5) holds the customer down to the limit of credit established by the merchant, as it is almost impossible to do with the pass book. Are not the advantages above enu- merated sufficient to warrant a trial of the coupon system? If so, order from the largest manufacturers of coupons in the country and address your letters to THE TRADESMAN COMPANY, GRAND RAPIDS. world, the total yield of silver being} enough to make one hundred and sixty- eight millions of our silver dollars every year; and then we must, in addition, be prepared to buy the eleven hundred mil- lions of dollars’ pean governments are now loaded down, and which they are so anxious to sell. So far from the government purchases of silver having raised its value, the gov- ernment could not to-day sell the three hundred and thirteen millions of dollars’ worth in its vaults without losing some millions upon the price it has paid the silver-owners forit. You will scarcely believe that the accounts of the treasury state that the government has made, so far,-sixty-seven millions of profit upon its silver purchases. This is claimed be- cause for the amount of silver put in a dollar it has All this ‘‘profit’’is fictitious. You see, the nation has been led into very foolish purchases of silver. Four and a half millions of your earnings are taken through taxes every month, not for the constitutional purposes of government, but in an effort to bolster up a metal by paying prices for it far higher than otherwise would command. Your gov- + t mines produce, but a great deal of what | all other mines produce throughout the | worth with which Eure- | -oee M OE TRADESMAN. THE “EQUALITY” PLAN. A New Wrinkle in the Handling of Re- | | fined Sugar. From the New York Daily Commercial Bulletin. The latest wrinkle in the handling of re- | fined sugarsis the adoption of what is termed the ‘‘equality’? plan by wholesale grocers at all prominent points in New| York State “equality”’ than the and New Jersey. The | force in this city and immediate vicinity for some time past. The arrangement as to prices is identical; so are the re- gulations as to the rebate of Ise per | pound to jobbers who adhere faithfully to the provisions of the agreement. The plan is nothing more or less | rebate system that has been in | | } MIGHIGAN CENTRAL “The Niagara Falls Route.” DEPART. ARRIVE | Detroit Express. ..........-cceseseees 6:30am 10:00pm | NN nee cc chen beoedsduenbeuseee 6:40am 4:30 pm | [Dey BXPOGe....... cc cccnsssecsessss 12:40am 10:00am | *Atlantic & Pacific EXpress.......-. 11:15pm 6:00am New York Express..........02+ coose. 5 5:40pm 1:20pm Daily. al pe ai daily except Sunday. Sleeping cars run on Atlantic and Pacific Express | jregular freight charge has to be added | paid only abouteighty cents. | | new | effect on } nam, it } ernment is being used as a tool to enrich the owners of silver and This is bad, indeed, but mentioning compared w panic and disaster it brings with it through the probable banishment of the steady gold basis and the introduction of the unsteady basis of silver. silver mines. hardly The republic had the disgrace of slavery, and abolished it. Until this| year it was disgraced in the eyes of the world because it had no law cured to others than its own citizens the right to their literary productions. disgrace has passed away also; but there has come upon it the disgrace of ‘‘debased coinage.” The great republic issues dis- honest coin, and it is the only nation in the world which does so, except Mexico, which still coins a little silver. But while the disgrace is upon us, the finan- cial evils of *‘debased’’ coinage are yet to come; for, although the government issues debased coin, it agrees to receive it as worth a dollar in payment of duties and taxes, and makes it legal tender, and so it passes from hand to hand for the present as worth dollars. In this way the government has been able so far to prevent its depreciation. How long it ean continue issuing four and a half mil- lions more of these notes or coins every month and keep them equal to gold no- body can tell. But one thing is clear: ultimately the load must become too heavy, and, unless silver rises in value, or enough is put into the dollars to rep- resent their value in gold, or the pur- chase of silver by the government is stopped, we must sooner or later fall from the gold basis to the condition of the Argentine and other South American republics. This is how these silver dollars will act which have not metal enough to sell for dollars when the world begins to lose confidence in the ability of the govern- ments issuing them to pay gold for them when asked. Suppose anumber of you had decided to carry a huge log from the woods, and you all got under, and bend- ing your necks, took its weight upon your shoulders, and then some doubted whether you really could stagger on un- der the load; and suppose two or three of you, after casting timid glances at each other, concluded you had better get | from under: what would be the result? The lack of confidence would probably result in killing those who were foolish enough toremain. It is just so with this delicate question of the measure of values. A few speculators or ‘‘gold- bugs’’ will resolve that, come what may, they will make themselves safe and get from under. [TO BE CONTINUED. ] inlets in ‘Obliging Employer. Applicant—Of course I don’t ask for a partnership yet, but give mea position in which I will be sure of an early rise. Employer—All right; I’ll make janitor of the building. the doors at 4 a. m. | serves, we are you | You will open to the jobbers’ selling there is practically cept on even terms. of ‘‘equality” prices, so that no competition ex- Hence the adoption agreement. The the 6th instant sex, Warren, Saratoga, Albany, Rensselaer, Sullivan, Ulster, Rockland, plan went into in Clinton, Es- Washington, Green. Columbia, Dutchess, Orange, Put- Westchester and Rich- mond counties in New York; Sussex, Passaic, Bergen, Morris, Essex, Hudson, Union and Somerset counties in New Jersey. All sugar is sold and billed to |the respective points by the American worth | ith the danger of | |a certificate which enables the isecure the | to make | Elliot for $2,500, covering the.amount of | which se- | That | Sugar Refining Company at list prices, plus freight, and to each bill is attached bearer to ‘ve rebate providing the official prices have not been cut. Sales- men are furnished with a schedule of rates of freight to all the various points, 2 | and in taking orders make precisely the same price that is fixed for the various localities. Itis under- stood that efforts are making to extend the system over a wider territory in time. me A at Two Letters which Explain Themselves. Secretary Matthews, of the Michigan Commercial Travelers’ Association, has lately received the following letters of acknowledgment: Detroit, July 13—I am instructed by the widow of my brother, Sigmund Fech- heimer, to acknowledge receipt of your favor of the 6th instant, enclosing check for $2,500 in payment of life insurance, for which, in behalf of the widow as well as myself, I beg to tender you and our esteemed Association our heartfelt thanks. It is useless for me to make special mention of the many benefits derived by the members since the existence of our Association, which is naturally more appreciated at the time of death, espe- cially by those who derive its benefits. My brother was one of the first mem- bers, having joined March 7, 1874, wards of seventeen years ago. by the refiners as the term designating the | up- | On look- | ing up the records and receipts for as- | sessments paid by him during his mem- | bership, I was surprised that the entire amount paid was only $337 in all, or an | average of about $19.80 per year. I believe must be acknowledged by any This | one to be the cheapest insurance that can | possibly be expected and I would suggest | to you, as well as the Board of Trustees, known these excellent statistics to all commercial travelers and business | men within your reach, thereby increasing its membership. H. C. FECHHEIMER. largely FROM EDSON, MOORE & CO. Detroit, July 14—Enclosed we beg leave to hand you receipt of Mary C. | her claim against the Association as ben- | eficiary of Andrew Elliot, deceased. | of the Association, and, We take this opportunity of commend- ing the prompt and business-like methods in behalf of Mrs. aN 0} +1:00 PINE vias eens erws senses | 1:00) t | Howell............. veeceseree | 16:50) 00) 3225 COT oes cede nes nen dea canes 250) $1200) #6225 —.—hlll.,:t«~C«s«;si;si‘éCi‘“( Tce... .. eG, CE a a Yi 205} 1m... eae Co. oo... ease +7:05| +4: 30|..... | lor car; seats 25 cents. | 1 ‘O00 P.M. Has through Parlor car to De- ~* 6:25 Elliot, we thank you personally for your | assistance and courteous attention in | preparing the proofs and looking after the } the other details required under rules of the Association. Trusting that the Association may con- | tinue to enjoy the prosperity it justly de- | Yours truly, Epson, MoorkE & Co.

. | ew. A. M. runs through to Detroit with par- troit. Seats, 25 cents. P. M. runs through to Detroit with par lor car, seats 25 cents. A. M. has parlor car to Saginaw, seats of 7:05 25 cents. For tickets and information apply at Union Ticket Office, 67 Monroe street, or Union station. Gro. DEHAvEN, Gen, Pass’r Agt. CUTS for BOOM EDITIONS a PAMPHLETS For the best work, at reasonable prices, address THE TRADESMAN COMPANY. | For Muskegon—Leave. { 7:00 am | tion, | Lv. ) Liv. Train leaving for Cincinnati and Chicago at 10:30 pm daily; all other trains daily except Sunday. Muskegon, Grand Rapids & Indiana. From ae Seer 0am 12:45 pm 5: “en es 6:30 pm 10:15 pm SLEEPING & PARLOR CAR SERVICE. NORTH--7:30 am train.—Sleeping and parlor chair car, Grand Rapids to Mackinaw City. — chair car Grand Rapids to Traverse = 1:30 am train.—Parlor chair car @’d or s to Mackinaw. 10:30 pm train.—Sleeping car Grand Rapids to Petoskey. Sleeping car Grand Rapids to Mackinaw City , | SOUTH--7:00 am train.—Parior chair car Grand Rapids to Cincinnati. 10:30 am train.—Wagner Parlor Car Grand Rapids to Chicago. 10:30 pm train.—Sleeping Car Grand Rapids to Chicago. Sleeping car Grand Rapids to Cincinnati. Chicago via G. R. & I. R. R. Ly Grand Rapids 10:30 a m 2:09 pm Arr Chicago 3:55 p m 9:00 pm 10:30 a m train through Wagner Parlor Car. 10:30 p m 6:50am 16:30 p m train daily, through Wagner Sleeping Car, Ly Chicaz#o 7:05 am 3:10pm 10:10 p m Arr Grand Rapids 2:15pm 8.50pm 6:50 ajm 3.10 p m through Wagner Parlor Car. 10:10 p m train daily, through Wagner Sleeping Car. Through tickets and fullinformation can be had by calling upon A. Almquist, ticket agent at Union Sta- or George W. Munson, Union Ticket Agent, 67 Monroe street, Grand Rapids, Mic y L. LOCKWOOD, General ecieuear and Ticket Agent. Toledo, Ann Arbor & North Michigan Railway. In connection with the Detroit, Lansing & Northern or Detroit, Grand Haven & Milwauk e offers a route making the best time betwe n | Grand Rapids and Toledo. VIA D., L. & N. Grand Rapids at..... 7:25 a, m. and 6:25 p. m. wOreee Gf ...... .,.. 1:10 p. m. and 11:00 p, m, VIA D., G. H. & M. Ar. Grand Rapids at.....6:50 a. m. and 3:45 p. m. AY. Toledo at........... 1:10 B& Mm. ane 1120 o, m. Return connections equally as good. W. _H. Bennett, General Pass. Agent, Toledo, Ohio. KOMUND 8. DIKRMAN THE GREAT Watch Maker Jeweler, 44 CANAL SY. = Grand Rapids, - Mich. WANTED. POTATOES, APPLES, DRIED FRUIT, BEANS and all kinds of Produce. If you have any of the above goods to ship, or anything in the Produce line, let us hear from you. Liberal cash advances made when desired, EARL BROS., COMMISSION MEROHANTS 157 South Water St., CHICAGO. Reference: First NATIONAL BANK, Ghicago. MICHIGAN Th 4DESMAN, Grand Rapids.