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Parent Issue
Day
21
Month
June
Year
1878
Copyright
Public Domain
OCR Text

- lu the July Atlantic Thomas W. Higginsou, who ought to be considerad good authority in all anti-Deinocratic ciicles, saya: "The ürat euseutial to social progresa at the South ia that each State ahould potisess local self-government. The States have been readmltted as States, and eau no more be treated as territoria than you eau place a bird in the egg. They must now work out their owu salvatiou, just as much as Connecticut or New Jersey. lf any abuaes exist, the remeriy is not to be lüuud in federal luterference, except in cases of actual iusurrection, hut iu the voting power oi the blacks, so far as they have strength or skill to arrest it; and where that fails iu their puwer of locouiotiou," aud much more in the same sensible struin. - Prof. Adama ba sent us hls paper on Higher Education aud the Slate : the Lessou of Colonial Days," repriuted trom the A'ew Enylander for May. The writer clearly shows that the fathers not ouly did not hold to the idea, now beiug both iusideously and vigorously propagated, that the State must coufine its iustruction to the primary schools or branches, but that the earlier colleges and iuatitucions for higher educatiou were really the offspnug of tbe State, or when fouiided by private enterprise, drew their maiu suatenauce lrom State aid, or iu the writer's own worda, "The Colonial iathers, through the agency of the State, mnde a magnifícent be giuning iu the work of higher education, and eveu achieved mtigniricent resulta." - FiU, one ot the well kuowu employés ou the Umversity grouuds, while engaged in mowiug a few days ago, philosophized iu this wise, for the benent of aome seniora who were looking on : People will come to Commeneement aud will see the grasa well cut and will think it looks so all the year ; and so they will see the boys acting like gentlemen and will say "what uice boys they are," but we who have beeu here all the year, we kuow how it is with both the grasa and the boys. - Au elabórate guide bojk &ud map has beon published by the Detroit Evening S'ei:, in the interest of its excursión down the St. Lawreuce, to the White Mouotaine Uld the aeashore, to start July 8. It coutains mapa, illustrations and descnptionx ot all the placoa uf mteruat, in the order that they are vmted. It has thout lorty pages ot earefully editod matter, and will lie louud to be interest rug reading to any who are thinking of spending their butnmer away trom home, and will be sent tree to any applicant by addressing, with atamp, the manager of the excursión, Mr. VV. H. lirearley, tió Shelby street, Detroit, MiIt. - This detuched paragraph from the Adrián l'ri'ss bas refereuce, we presume, tü the reuent Xutional-Greenback Cougressioual üonveutiou i that city: " John S; Kobisou's nainu was suggestod by some National, but he watt awed into silence by the rematk that Johu J. wus a d - d old Democrat, and no good National at all." The new party dou't propose to reragnize any divided allegiance. One must ftdopt all its heresties or be "oounted out." - The Detroit Frec l'ress now comea to its readera pasted and cut, doiug away with the objectiou to the eight page form. We dropped into the Sire l'ress office on Muuday, were politely shown throughthe several departments, and saw the Bullock presa run. A wouderful picce of machinery. That Sani Cary wind storm ia to devástate this county as follows: At Ypsiliinti, June 26; Aun Arbor, June 21 ; at Dexter, Juue 26 ; and at Manchester, Juue 27- By request of several Demócrata we give place to the coinmunication in auother coluinn headed " Xotoriety vs. Reailty." We heah it occasionally remarked, "Money is too good, - it takes too much produce to buy a dollar of it." This opinión is founded un the observatiou or experience of the few years of the war and preceding the panic - caused by over produotion and speculation and not contraction - whou money was so poor, becauee of inrlation, that prices of inanufacturud fabrica, grains, etc , were run up to abnornial prices. We have before us a table of the average prices of cotnmodities in the New York tnarket in the uionth of Jauuary of each year frotn 1825 to 1877 inclusive. Let us compare tue prices of the prosperous times before the war - before greenback were invented - with those of the last few years as a uieans of discovering whether or no the returniog to "good inoney" is robbing the producer or not : SI ras,s : saiíg si &K8 ?'- = -T; .-8'$--l::2 2 3;C8.?&;LSS8 2M íü -;-? }"" 's, - a-s S-s ' - 8 .-" % -- d-í " & rg S! ÍSÍ _ S !?,ï(3"8 2 Ü&&ÍRS ?8 RK1 if" c - fe sus g"5 8 S 2 iS" 2 R-ïRwaN 8 SS I fs c a =,. - i S,í-'rc-acr !PaKS8 S-.8 2 s f ■; ♦ a -,- IÍS %-: i 8 = 2 z v s% 2 1 3,;c'í as 8 r?" ■= 6 g s =&Aff:Yftft!PaW8 &L O - lo ♦ ■rZ -" 2" " L L j v" O " y C "5 - ' - " - O 'A C T x - ; u-, .■ w fu "j! .-"5 Prices of wheat, pork, corn, oats, etc., ran hlghest froui 1864 to 1868, reaching their máximum in 1867. Another table will give the thoughtful student of íinancial and commercial history means of judging whether or no the inflation in prices during those years was attributable wholly or to any great extent to the volume of paper currency. The ñrst column is the year ; the seooud the aggregato circulation of greenbauks, national bank notes, and other paper money ; the third the population, and the fourth the paper circulation per capita : Yuar. P;ipL-r Money. Pop'ulatioD. Per cap'a 'SfH $501,072,006 34,046,000 $14 74 1S65 6S,(x,xx 34,74S,ooo i tx 1866 708,031,000 35,460,000 9 95 186J 691,090,000 36,211,000 19 14 1868 67S,745,ooo 36,973,000 18 j ■S69. 676,5oS,ooo 37,750,000 1 7 9j ■870 6S3,S7S,ooo 3S,5SS,37' '7 13 1S71 72i,5)2,ooo 39,555,000 1824 ■ 872 73'i.iS5iOoo 4004,000 r8 01 ■S73 740,799.000 41,701,000 1775 '7t 777.538.000 42,56,000 1814 'S7S 769,840,119 44,oiJo,ooo 1747 S7" 7'7.24i,92 45,516,000 1 ; -- 1S76 689,6iS,57S 4624,000 1470 Knumcratcd ; i'or all other jnearfi the popnlatiou is estinuited. Xt.iK - Ffflr thé tables from which we have extracted see Aa Awurican Almanact edited iv A. Ií. Spoffird, paes 27S auil jjn. The greatest inrlation was in 1874 - the year succeeding tbe collap.se - and with the coin now flowing out of the bank vaults and private coffers the present aggregate circulation, coin and paper, oannot fall much, if any, below that of 1874. These figures show that the stagnation in bnsiuess, the fall in prices, or the hard times, cannot be charged to "too little" or "too guod" money. To-day we are paying for the over-production, the over-consuiuption or destruction, the speculation and 001ruptiou which a long war engendered. We are down to hard pan, and a little patience, rather thtin inrlation and a renewal of speculation, is what is necessary to bring better times. Tu k full ticket nominated at the Republican State Convention on the l.'üh inst. is as follows : Governor, Charles M. Uroswell. Lieuteuaut-Governor, Alouzo Sessiotis. Secretary of Mtate, Williaui Jeuuey, jr. Treasurer, Benjamin D. Pritchard. Auditor-General, W. Irving Latimer. Commi88iouer of Luid Office, Jameá M. Neasmith. Attonmy-General, Utto Kirchiier. Superintendent ot' Public luutruutiou, Hum v S. Tarbell. Member of the State lioard ot Educatiou George G. Kdwarda. Creswell, Seaious, Kirchuer, and Tarbell, are present iucumbeuts ot the otïices uamed. - Sincf 1847, when the death penalty was super8eded by solitary confinement at hard labor in the State Piison, 81 life convicts have been received in that institutiou. Of that number 24 still remaiu in prison. There are now in prison 24 convicted of ïnurder in the second degree, 33 for assault with intent to kill, 14 for raanalaughter, 1 for attempt to murder by poisou, 1 for Bhooting with intent to murder. Above 13 per cent. of the total nutuber ia prison at the close of the year were for intent to take human life The oldest convict is now near theulose of 29 years of prison life. He was 31 years old when received. - Mrs. Keichniire, of Grand Rápida recently eloped with one George Michael, leaving a husband and one child. The husband is reported reoonciled.

Article

Subjects
Old News
Michigan Argus