nee a or

aN NOU i

~——

nee

amMs:—Five DoLLarRs a Year. NEW SERIES.

Che Daily Examiner

. is Issued every evening by

The Examiner Publishing Go.

From their office, corner of Water and Great George Streets, Charlottetown, Prince Edward Island.

—RATES OF SUBSCRIPTION hee a ee eae $2.50

Pe oe a Lee ay 1.26 CRO MITER sbtiis cece d coccidcuds. 50

Advertising at moderate rates. Contracts may be made for mouthly, quar- terly. half-yearly, or yearly advertisements,

on application.

~/ALMANSG FOR MARCH, 1286.

MOON’S CHANGES. New Moon 5th day, 5h, 51.8m, p.m, W, First Quarter 13th day, 9h, 4.7 a. m, E. Full Moon 20th day, 12h, 14 2m, a m, 3S. Last Quarter 27th day, 6h, 31.7m,a. m. §S,

Di nay oF wenx| Su" [Sum | Moon) High} Dave M)° 3

Terry e ih mh ‘Di rnjafth lh m l Monday

* 43/5 41) 4 10) 8 1710 58 2 Tuesaday 42; 43) 4 49) 8 59/11» 1 3, Wednesday MG; 44, 5 24/ 9 37 4! 4' Tharsday 38) 44) 5 56/10 14 8 5) Friday 36) 47 6 25/10 46) 1h} 6}Saturiay | 34) 48) 6 52/11 18) 14 7| Sunday | 32) 50) 7 19\11 50 18 8| Monday 30; 51! 7 46)morn 21) 9| Tuesday 29; 63) 8 15' 025) 24) 10, Wednesday | 27) 54, 8 45/058) 2 1! Thursday 25; 56| 9 22) 1 gs 2]

‘ 12| Priday | 99) 57/10 41294] 35 13\Saturday | 21 59/10 5;' 320) 38 14, Sunday 196 Ol 47/437) 41

15 Monday 7 liaft 51, 6 8 44 16\Tnesd ay 1s} 2) 1 591743) 47 17, Wednesday 13; 3) 3 13) 8 35} 50 18| Tharsday 1! 5) 4 28) 925) 654 19) Friday 0 6!

20) Satarday

21/ Sunday

22) Monday

23 Cuesday 6

9 25 012; 57 0

L 32 3)

0 10/10 28) 0 48 10. 5] 12\t1 39) 1 30) 14) 5 4 2

24| Wednesday 5

25, Vharsday &6 13)mora | 2 17 17 | 26) Friday | & 14; 0 28; 3 5) 20 27/ jaturday | 52) 15) 1od424d &

28) Sunday | 50; 16) 2 7) & 23 26 | °9| Monday ' 49) 18) 2 48] 6 23) 29) 30| Tuesday | 4% 21) 3 25) 7 38 3 31|Wednesdny (6 46/6 22) 3 57) 8 27/12 36)

L. ARTHUR & CO.

GHNFEBHRAL |

Commission Merchants, 121 ATLANTIC AVENUE,

BOSTON, MASS.

Koos and Produce 4 Specialty.

Jaly 15—dly wkly

CAUTION.

BACH PLUG OF THE

MYRTLE NAVY ‘

& B.

IN BRONZE LETTERS. None Other Genuine.

Oct, 2V.

BOSTON.

SPRING ARRANGEMENT,

THE PALACE STEAMERS

OF THE

INTERNATIONAL S.S. CO.

eee

Leave St. John for Boston, via Eastport and Port- land, every Tuesday and Thursday, at 8.00 a. m. Fare from Charlottetown to Boston, 36,50, 2nd class ; $9.50, Ist class. : Por tickets and other information apply to

G, A.BHARP, F. W. HALES, P. B.L Ry., P. E. L’*Steam Nav. Co,

or to your nearest Ticket Agent, Feb 8, 1886-—eod wky

RE MOVAE,

A ACMILLAN’S COAL OPFICE has been 4¥E Removed to foot of PRINCE STREET. A Large Assortment of

HARD AND SOFT

COA Ea

Kept Constantly on Hand,

R. MeMILLAN.

Dec. 24--2m aod & wky

| UBSCRIBE for THE WEEKLY EXAMI. W) NER, Che latest local and foreign nowe chin alwayt De found therein.

i clear out his stock of Carpets at Tremendous Reductions -

rises sets | rises | water|len’h. |

) WHOLESALE AND RETAIL.

} AVING a Large and Well-assorted Stock on hand, we are

} cn'tawa, Jan, 26, 1835,

aly

This is true Liberty, when Free-Boxrn Men, having to advise the Public, may speak free.-—Evuriripes.

CHARLOTTETOWN, PRINCE EDWARD

CHEAP CASH SALE.

———— Oo

CARPETS, J. B. MACDONALD

Brussels Carpets.| Price $1 60, reduced to $1.15. Price $1.50, reduced to $1 05 Price $1.25, reduced to 8&cts.

Seetch Carpets. Price $1.25, reduced to 85ets. Price $1.10, reduced to 75cts. Price 90cts, reduced to 65cts.

Tapestry Carpets. Price 90cts, reduced to G5cts Price 65cts, reduced to 45cts Price 55cts, reduced to 35cis.

Hemp Carpets,

10, 1°, and 14 Cents. Fioor Oileloths, Lace Curtains, &e., at lib- 'eral discounts.

———— 0; =

COTTONS I CoTrons]

30,000 yards Grey Cotton at cost; 20,000 yards White Cotton at cost; 20,000 yards/

Print Cotton at coat.

if you require Carpets, now is the time to buy. A great part of this stock of Carpet was imported last year.

J. 5S. MACDONALD,

QUEEN!STREET. Ch’town, March 1, 1886.

ee aa

0o———

—_—_——

selling CHOICE FLOUR very cheap to suit the times.

We keep all the Choice Brands on hand, such as— atchless, Kent, Victory, Forest City, Queen, Our Favorite, City Mills, bris. and half-bris, &e.

— ALSO —

CHOICE PASTRY, in half-barrels.

ot

0% Was Every Barrel Warranted. Give us a call before buying elsewhere.

BEER & GOFF,

OPPOSITE MARKET HOUSE. Feb. 25, 1886 —2aw & wky

JOHN MACLEOD & CO. MERCH AN T “A ab dealt GR

a—_— KE are offering the balance of our winter goods at lower prices than have ever been offered the public.

A lot of Men’s and Youth’s Overcoats from $5 to $8, worth

from $8 to $14 . Overcoats made to order, from $12 to $18, worth from $18,

to $24.

Men’s Heavy the same rates.

Worsted and Tweed Suits at very low’ prices.

Island Tweed Suits from $10 to $12.

JOHWY MACLEOD & CO. Ch’town, Feb, 9, 1886 —tf eod wky

: = =< —-

EVERYONE CAN call and examine the largest stock of Household Furniture, &c., &c., ever shown in Charlottetown, and also discover that they

o SAVE MONEY

and get Good, Reliable Home-made Goods of undisputed value, fine finish and good honest workmanship

BY BUYING

Staple Furniture, Bedding, Mattresses, Fancy Goods (for Xmas), Picture Frames and Moulding, Mantle-mirrors and Mirror-plates, Bagatelle Boards, Handsome Oil Paintings, Framed Chromos, and One Thousand and One other articles,

FROM

THE P. E, ISLAND FURNITURE WAREROOMS,

MARK WRIGHT & CO.

Ch’town, Dee. 3, °85—eod wky

shirts, Underwear, Fur Caps, Gloves, & at

Better Value Than Ever |

COTTONS, ce.

LOUR! FLOURI

tt lt tt eyed ane ge arn aghast ean ——

—-— a ee

ISLAND, MONDAY, }

“ADAMSON @ j of DY

i | |

SAFE. (ts, SURE. pase PROMPT.

AWONDERFUL REMEDY

Adamson’s Botanic Cough Balsam. Tt is as pleasant as honey. Coughs, Colds, and

Asthma, which lead to Consumption, have been

speedily cured by the use of ADAMSON’S BALSAM after all other medicines have failed. Sulferers from either recent or chronic coughs or bronchial affections, can

resort to this great remedy, confident of obtaining apeedy relief, Do not delay, get it at once FOR SALE BY ALL DRUGGISTS, Bottled at St. Stevens, N. B., by the proprietors, F. W. KINSMAN & CO., Druggists. 343 47H AVE., ©. Y.

Herring. Herring,

200 Bris. No, 1 FAT H#ERRING.

200 Half-barrels do

50 Quarters do do

50 Quintal CODFISH, cheap for cash or trade,

DAVID SMALL.

COTTON DUCK—COTTON DUCK Notice to Shipowners & Builders.

§ te Subscriber now offers to the trade, Yarmouth Cotton Duck, at mianufaec- turer’s prices. Hus on hand a supply of light and heavy ducks.

DAVID SMALL, Agent, Hyndman’s Buildings, Corner Water and Queen Street

Ch’town, Feb. 16—2i wky 2 mos

TENDERS.

Crry or Cuarntorrerown, P. £. I.

EALED TENDERS will be received at the Mayor’s Office, Charlottetown, Prince

Sixty Frost-Proof Hvdrants,

having a pressure of not less than sixty pounds to the square inch, for fire and civic purposes, according to plans and specifica- tions to be seen at the Vity Clerk’s office.

The Council do not bind themselves to adcept the lowest er any tender.

By order, A. H. MACPHERSON,

City Clerk, Feb, 23-—3w eod

Fish Sale.

50 quintals CHOICE CODFISH,

20 do do HAKE,

50 barrels LABRADOR HERRING, 10 cases CANNED SALMON,

10 do do LOBSTERS,

10 do do MACKEREL,

FOR SALE BY

HORACE HASZARD,

Ch’tows, M arch 6—Imo eod

WE HAVE SOLD

NEARLY ALL OUR

Stem Winding Rockford Watches,

which are giving good satisfaction, and as the Company, in the interest of the public, say

-|they will not send any watches by mail, we

shall defer getting a full supply until we can safely do so by express.

In the meantime we have several Key- Windiog Rockford Watches on hand, accu- rately timed, and purchasers of any of these can have the privilege of exchanging for a Stem-Winder, when they arrive.

in stock,a nice assortment of Waltham & Elgin Watches, in heavy silver or gold- filled cages.

kK W- TAYLOR

CAMERON BLOCK, Charlottetown, March 5, ’86.

Why Pey Higher When

WOODILL'S

2oz. Tins Retail 7 Cents

GERMAN

Moz. Vins Retail 12 Cents

BAKING

TO THE WHOLESALE TRADE.

( UR new samples of BOOTS and SHOES for spring will soon be out, and we will have the pleasure of calling on our customers in a short time.

We hope to receive yenur liberal patronage as heretofore,

DORSEY, GOFF & CO,

Sez. Tins Retail 22 Cents

Edward I , uatil noon of WEDNES- DAY, the zs day of March next, for the ph a ing pf bho

Kaminer.

ee ee

ROH 22, 1886, Che Daily Examiner

OT Ty OU ii

| | ene — ~~ ame ape — |

The History of Commerce.

In an address delivered before the | Students of the British American Busi- ness College, in Toronto, Prof. Goldwin

- Smith made some very pointed remarks

_on the above subject, a synopsis of which we give:

In beginning bis lecture the speaker said that to “attempt to give the history /of commerce in an address of half an hour’s daration, would be like trying to put the sea into a bottle.” He believed that although the subject was a most wondertul and important one, still there was not a really good history of commerce in existenee.

Carrying his hearers back to the primeval world, he contrasted the little | barques of the Syrian merchant, being steered through unknown seas, without ithe aid of the compass or other scientific japplianees, with tho vast floating jrestaurants in which we cross the | Atlantic or the Pacific to-day. The rise and fall of Carthage, Rome, Alexandria, and other cities which successively held the commercial supremacy of the ancient world were eloquently pictured. Athens showed in a single manner the union of commerce with lettersand art. Rome, he felt convinced, owed the foundation of her greatness to the immense wealth she collected as a mercantile city ; and it was only after she had become mistress of the world that a purely military origin was assigned to her.

Passing on to the feudal ages the speaker briefly sketched the commercial condition of Italy, whose wonderful cities of Venice, Florence, Pisa, and Genoa, were the great emporiums of trade and centres of art and civilization. The famous family of the Medici who ruled Fiorence was a family of merchants, having for their arms three golden balls Similar to those which to-day hang over the shops of pawnbrokers. Traces of the commercial greatness of Germany and Flanders, he pointed out, are to be seen in their beautiful citres—stili beau- titul in their decay. Holland was a country whose land was reclaimed from

he sea by her industrious people. and ‘ie her day~ became the mercantile centre of the world. Once more com- merce waved her wing aad England be- came the great seat of trade. England has a position for commerce which is unique in the world; but besides this she has beneath her soil those great mines of coal and iron which have sus- tained her manufactures and produced her vast wealth. The supremacy of English commerce is of much later date than many would suppose. In the middle of the last century Amsterdam was the bank of the world, and now it is London.

The development of commerce has done great moral good to the world by increasing the wealth of mankind, with- out which you cannot have comfort, self-respect or morality; it has knitted together the different portions ot the human race, and made one harvest and one heart for all; and it has taught the people to keep contracts with their fellow-men. But a rapid expansion of commerce has also its disadvantages, These were seen in the “bubbles” of England, and are still noticeable in the ‘booms ” of the present day. The most noted of these in England was the South Sea Bubble—a project gotten up for trading inthe South Sea. The shares went up toan enormous figure; some made great fortunes and others were totally ruined. All sorts of mad

time, which ended in the ruin and suicide of thousands. France experi- enced the same thing in a notorious swindle known as the Mississippi Scheme, the shares of which at one time were as high as 1,300 percent. Scot- land with her Darien Scheme, and Hol. land with a similar one also suffered from these absurd bubbles. We do not now have such fits of madness as these, but we have our ‘‘booms” and sometimes very fooliish ones. People who specu- late rashly in colonization societies can hardly throw a stone at the investors in the South Sea Bubble or the Mississippi Scheme.

The merchants of the Middle Ages first established banks and invented bills of exchange. The functions of bankers, the speaker considered, were three-fold. First, they provided a safe place to de- posit money, which in former days had to be kept in the houses or carried to a goldsmith ; secondly, they ecdhomized the precious metals by issuing paper to represent their value; and lastly, they enabled us to trade more extensively on credit, by examining a man’s affairs and

real worth, thereby giving expansion to business. To our ancestors we also owe

POWDER

Guality Equal to Any.

eu:rency in the ancient world. These, of course, were very inconvenient, and it

March 1, 1886.

was found necessary to invent some

‘standard circulating medium. The

schemes were set going about the same |

advancing money in proportion to his}

gratitude for the invention of money,

We find that cattle were the original) iv tho West, where heavy winter feeding is

| required, averaging 38 per cent. in twelve

SineLe Cortes Two Cents,

VOL. 18---NO, 10} Romans used copper ; the Spartans iron; but gradully the most civilized nations of the world settled down to the use of gold. Gold) was chosen en account of its intrinsic value, and the special quali- ties which it wes found to possess as a circulating medium, but besides these, is has now a quality of which it would be practically impossible to divest it; that is to say, it has been firmly established as the circulating medium of the world, and anything that has become a firmly rooted practice by civilized nations is not easily changed.

Many have an idea that paper will do as well as gold, and that the Govern- ment has only to print an unlimited amount of paper bills to flood the coun- try with money. This fallacy is based upon the supposition that bank bills are money, aud consist only of paper. But this isa mistake. A bank bill is cur- rency but not money; it is paper, but it represents value, as it contains a promise to. pay money. No. government can possibly jJegislate money into that which has none; all it can do isto ordain that such paper be legal tender for itself. But even that would be sheer robbery. A striking example of this was the issue of an immense quantity of inconvertible paper during the first American War, by which the holders lost nearly all their property, So terrible were the effects of this upon the people, that Paine pro- posed that any man trying to introduce that practice a second time should be put to death. The French Republic and the Confederate States did the same thing with the same results. The Federal States also issued an inconvertible cur- rency which fell very low at one time, though ultimately specie paymeat was resumed. Such paper will retain value ouly so long as it is believed that the State issuing it will pay it in gold. The property of the country does not belong to the Government; only the public land and public. buildings belong to it. It has nothing else except a power of taxation, which it is bound to exercise no further than the exigencies of the State require.

Ip concluding, the lecturer warned the young men before him against at- tempting to get suddenly rich without labor, either by resorting to the gambling house or by speculating on the stock exchange. ‘The only sure way to pros- perity was by honest labor, aud the only path to solid wealth was the path of conimercial labor.

The Crisis in England.

Mr, Gladstone’s cabinet is evidently almost on the breakers and every nerve of the aged Premier will, it ‘is certain have to be strained inorder to saye it from going to pieces. At present it does not promise to be longer lived than that of Lord Salisbury, sojunceremoniously overthrown on the assembling of the newly elected Parliament. The Ministry is peculiarly a Radical one ;.there is no question that the Whig wing of the Liberal .party is hardly less opposed to its policy, or supposed policy, on Irish questions than are the ‘Tories themselves. Perhaps for the moment the crisis might be staved off, but the end will be inevitable. And even if Mr. Gladstone succeeds in smoothing over present difficulties, the appalling magni- tude of the sum he proposes to add to the national debt will stagger both friend and foe alike. One hundred and fifty rillion pounds means an increased of nigh a quarter to the already enormous amount of Great Britain's public obliga- tions (£640,000,000), aud even allowing that it is intended to be in great measure recouped to the nation by the repayment of the sums advanced to purchase the Irish landlords’ interests, it does not seem reasonable to think public opinion will, in its present state, permit the passage into law of Mr. Gladstone’s pro- posal.— Montreal Gazette,

TE ei NR

Crops in the United States.

The following statement, showing the condition of the crops in%he United States has been issued by the Department of Agriculture:--The stock of wheat in the hands of farmers is 30 per cent. of the crop, was 33 last year and 28, for two years ago it amounts to 107,000,000 bushels, against 169,000,000 last March, and 119,- 000,000 acreage. It is only 9,000,000 bushels more than in March, 1882; the shortest invisible supply of recent years. The visible and invisible supply, March Ist, was therefore 159,000,000 against 212,000,- 000 last year. The consumption of wheat for bread and other uses, the seed sown and approximately 85,000,000 export since the Ist of March, 1885, make a distribution equal to the supply from March last. The March report of the Department of Agri- culture on the consumption and distribu- tion of the grain crops makes the propor- tion of corn still in the hands of farmers | forty per cent. of the last crop. One year lego the proportion of the crop on hand was | 37.6 percent. Two years ago 33 per cent. of the short crop of 1883. It amounts to , 773 000,000 bushels, 98,000,000 more than last March, and 261,000,000 more than March, 1884. The proportion is the lowest

States. Itis 45 per cent. in the South and 49 in the Middle States. The proportion of merchantable is 82.6 per cent., which is slightly above the average.

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