Crawfordsville Review, Crawfordsville, Montgomery County, 19 September 1896 — Page 7
[Continued Irani :yi p,!-,,
tnral department has shown that thn Jliuierrcau people are eating consider ably low wheat per f.ipita than they did few years ago,
UIJ(
1 if ,m
tn« annual reports lor L'O years •Jul (I'diK't that UM'd for exportand nerd ln,.„ the crop iif rai-h year and thai f..,i to stock in .years you wi]| find tJi.it i'O.rtdo,.
:..00"
KiiortnoUrt
will
|nU|l)o U)-|i
Paling only'about. the same amount of wheat flour thai. u."j,OOO.OdO people did. In Europe also it lias been shown that nearly 100,000.000 people cannot afford to eat vheat bread. They are using cheap substitutes like rye and potat,,,.,.Are we to suppose that thev do that for fun?
,OSM»H
to Agriculture
li' you want to realize what enormous ,v f- 7:v. losses American fanners a sustained because of the increased purchasingpower of gold, look over tlio tiles of tlie gold papers before this boeame lJi""lc. a politieal issue, before they had any interest in denying the truth. In the New York Sun of Sept. i()t s:!: for instanef, was an editorial of which this is an ex truer:
For morn than in years. JST.i to ty. nil tho cn-nt jinmary i«rirultunil stuplrs .ve "ii duel mini: in prion, ultliouidi there linvo 1,--.en pei iciilx wlien iht* price of sonit: ene way hi^h for a liniiti'.] time. This is more notably true us rohpci-tri wconilury products, esTjeciiillr meiitK nml l.-.ni, luit the trend of the whole Boiile h.iM lieifii nst.-iiitly down ward, and the general ]ir?vi- level at the end of each
The Yield
yt
ar
Was lower than at its lieuinniiiK. In the meantime them liml ljet-n no material redurtion in the cu.-t of production, the Keif binder, tho CaiiK plow, mower, hay teildor and liny loadr nnd nil otlu creat improvements in a^rii til tural nuiehiai ./ having come into use prior to lbTs. Snliveqv in inoiiitlciitioim and improvements have I en in the direetion of yi'e'ttep facility in tion rather than of levelled cost. While it ih true that, therw haN 1» a muKTiul reduction in the eos-t of 1'arminu lmpigments, i?uc!i re.luctioii lirw not Mwayn refiultwd in le-.-e1 v- icost of production on the farm, new machines have often d:splaci*d thou•* whirJi were but- partially worn nud which wcr imitc a.-j eiiiei'-nt. it in tij.Hj,. uncn fnl-i-is l.ir^'e enouph to \v iiir y'! "piii'iImso ei' full liti' 9 of ini VT'yfJs ir.iV'hi-iery tUe cost of pri uuction ha. 'criereby I'eirfl lasei-ned 1(J per cent, but i-ucli farina nonstltuUiiK 'H- thnn 5 per cent tho whole a red v.ii'Jtfr cvdtiyc.tioii the ussrwaUBavinu re in 'Tic'i ^.oho3iiita has bueii slight, and has proh-.'ely been fully 'tlio proKri»Bivcly 'lacreii^ing up? of commfircTal fertilisers whi- has been fmiiiA tlci-ussary ii. a'l the l-epon T'lP*'. of Ih.- Mi^iNstppi, not to increase the .fertility ot' the land, but simply to prevent f'-i-tiji'i ijiitorioratien.
ot
mi Acre.
-.TViiie the 1 of production cannot have liiuch i(ti_5 peroc-nt since ls7u, prices for -ft of tat.- funn cnt k'lvut (luring tho ttvt' yrars ntliugr with J875 than now. This Ik I'Spcoiully true ub r^Kpoats tin* five ntjiplas—# corn. nr.ts, hay nnd coV.—, t*m—which umuloy 105,(X-'0t(XX out uf *»j atTffc now U«- Oty vott-d to crut)^. Xv
Tl-.e tolloivi'i^ table show five vi HI-av.
n.pis the
local
ilu- per aft (ill the furni market-M of the- jiroihict of the live Kti.pli.-H named for /jiuiiqueniiial periods since 18W5 and a-.i entimate of the world. TBlue with n'- 't!KO yields of au acre under •such Btich hlaj-n- in 1W8 at {jre-sent iirices: vAi.t
OR AS ACHE'S
piionrcT.
(VI-70.
'71-5. '70-M0. '81-5. 'bO-flO. 't'3.
Oorn... .J12 W fil 1W 62 $10 35 81 JS .15 Wheat.. i:nt" into ii oo io nor out Oats.... 10 'X! II 81 8 65 0 17 7 SO 5 75
IB-'S 8S 1157 J1 15 10 19 10 e0 28 01 28 55 17 15 (18 l:t 64 10
Hay .... Cotton.. Total ... Averap'
$
!'l foil -t'J J&.5 40 jJOit 44 J4-J 75 15 Hi 11 II 2ri IMl) 8 15
15 t.t:
You ean i»il ill that denied or skillfully evaded in The Sun nowadays, but that, euts no iijrure. Nobody denied it before this became a political question. The decline still continues, and there is every 1 at ion that it will continue. And now the great ques11 .raid. tion is, What is the farmer goinK to ill nbnut it? On him depends ihe solution of this itll i:n x)rtaut issue. Tlin late of bimetallism is in his hands.
A. Slmplo Fact.
"But is not, the money question ton oonipltc^'.id for farmers to master it in the brief time £"~l botweun tliis and a the election?" C/f,
Kot tt all. In-'—-1 v\ its prei-biit shape Indeed it, is singularly simple. It oan lie reduced to two or tru'ce plain pi Pn.
1
K.
perhaps i.i -mil t)r»t i- lla-- !v depreeiatid or gold appreciated since 1878? On their answer to that depend the votes of a million honest farmers. JMonomi'tallists say gold has stood still while all other things have clieiip .ncd. We say that silver has stood almost unchanged while gold has advanced enormously in value, and, what is more, we proviit by every line of reasoning which ean be applied to the subject. 'I'll. f.lver is by natural law far more stable in value than gold has been proved l'n mi geology. from mineralogy, from metallurgy and still more by comparing the fluctuations of :prioes in different countries having the different standards or in the same oountry ot different times. Every
Judge- one of these teats
tfts yielded ex*otly the same result, the fluctuations since tho principal
tions adopted the gold standard have exceeded all previously known, but here is a simple test which tho farmer can easily apply for himself:
Take tho average of prices in your neighborhood for the five years ending ill 1875 (it is not fair to take one year) and the average gold or greenback value of a ten ounce bar of silver at that, time. Divide and seo what that silver would have bought. Do the samo for tho live years ending with 1,805, and you will find that tho silver will buy more. Is it ii*it iUTogaiit find insulting linnsense to say (hat silver has depreciated when it will buy nioro of the products of your labor? Here is a table to help you in the calculation: li
of
win ill,
15T2.,.. 187:!.... 1874.... 1175.... j*za N?i7 1 17
1878. 1870 1880 18SI 18-sa 1WCI ISsI 1 .vio lfcHM 1887 ]8i8 ISStl mi iwu 18! 2 181«
Price of Price of cotton, silver, per pound, iwroum-e. :w 1 1 :.'7 1 :M 1 ft 1 lm 1 15 1 IS 1 II 1 1 1:1 1 11 1 ')1 1 ti-l ii) in I
per tin-ihel. ....SI 17 .... 1 :l 1 -tt 1 l'i
10.3
18.8
15.4 15.0 Ik! 0
:n
11.8
1 07 1 L'5 1 11 1 10 i:i 1 07
11.1 Sl.il
11.5 11.4 11.4 10.8 10.5
S(i 87
10.(1 U.ll
1
8!) f« !HJ KJ 85 80
0.5 11.8 0.0
10.1 10. 8.7
Tl
In")
Ooncci
IC. Y. ITnralfl.
I ol
tration of Wealth.
"Many cite the concentration of wealth in a few hands as one cause of the farmer's poverty, but is not that worse in other countries with different systems?"
There is no country of high civilization in which it. is so bad, except peril tips in one or two where the process litis been going on for 1,000 years, b' in no country, ancient or modern, has the process been so rapid ns in this, in 18(50 thero were alleged to be in this nation a dozen millionaires.
Today there are at least 5,000 and probably many more. On this point we have peaehable testimony a
from an unwilling witness. Early in II 'ti. lioswell G. llorr, tariff editor i.f the I\ew York Tribune, started out. to. prove thar protection did not cr^ atu millionaires^ 5r'yA' l' hi_j direction a very careful cen«us was taken in every part of thq United StgUiK by The n^inTs. 'flie lists were published weekly i_ji Tho Tribiiiie for correction and then compiled in paiiiplilet. The number exceeded 4,000 arjfl wa§ s'otai ]i1'6Ve,l to be entirely too small. Mr. llorr il in proving to is own satisfaction manufacturers. "And how were the rest made?"
N. y. World.
that only 1,200 were
The enormous land grunts and subsidies to railroads made a few dozens like Stanford, Crocker and Huntington. The sudden th of western cities due to the hothouse system of forcing development made ti few hundreds. Dozens like Jay C!ould and liis fellows were made by the system of railroad wrecking. Many were made by speculation in goid and government bonds, by the national banking system and many other schemes foeteri by government A few—vcy few, it must be admitted—were honestly made by legitimate enterprises in which the government was tfot, :i partner, and many by the advance in real estate in our great cities. Many others have carried the iny.gstigatioii much fartho'-
lawyer, has conclusively shown tint* some 80,000 men own or absolutely control one-half the property of the United States that 100,000 men own half the remainder, and that the great mass of laboring producers actually own very little if any more than they did in ISO". The results are simply awful. Ten men in Now York city today hold the credit of tho United States absolutely :it th" ri'—^y If it tie-ir intei t, 11n could tomon-ov sweep :v.-.-y t' g• id l.vi-'is r-.il n-eci tiite ti jut ti in Willi street. But the farmer is to id that all this is none of his business and is expeoted to be controlled in his vote by tho gold superstition.
Tho
nm-
Gold Superstition.
'How can thero bo a gold superstition? What do you mean by such a phrase?" I moan just what the words imply— that a large portion of tho human race Lias become possessed with the notion that gold is infallible, a notion as degrading in its way as the A an snake worship. Nine-tenths of the gold nonometaliiete in this ®crantry boldly proolaim that, while all other ooxnmoditios obMtfe in valne, gOg} does not. *Ve know," the HTBget sfty, tun bo Advert*je|\ J«tnko is vt that Et'la
gieat." We laugh at the poor hoatlion, nt the argument is on their side, for it never lins been mathematically proved, and it cannot be proved, that Mumbo Jumbo has not, great power in the nt seen but it has repeatedly been proved in every way open to the human intellect that gold is a shifting and unstable standard of value, far more unstable than silver, and that twice within tho memory of men not very old it has changed in value so suddenly as to vitiate all long time contracts and dislocate all industrial conditions.
:i Tin? Tact About Cold.
Every economist: worthy of the name had said again and again that gold fluctuates in value. No economic writer has ever denied it. In his "Wealth of Nations"
Adam Smith says: "Gold and silver, 1 ike every other commodity, vary in their value. The discovery of the abundant mines of America reduced in the fifteenth century the value of gold and silver in Europe jto about, a third of what hud been before. This revolution in their value, though perhaps the greatest-, is by no means the only one of which his tory gives some account."
Professor Jevons, in liis work upon "Money and
l'u k. the MecSsHism of Exchange, chapter (!, savs, "In respect to steadiness of value the. metals are probably less satisfactory", regarded as a standard of value, than many other commodities, such as corn."
By "corn" Professor Jevons moans wheat and all other cereals. lti'ardo, in his paper on tho "lli^h Price of Bullion," says, "If we diminish tho quantity of currency,,we givo an additional value, to it."
By "currency" Rieardo meant money of every character, including gold. Mr. Maeleod, in his able work on tho "Elements of Banking," says, "The actual alteration in the ytKnitltics of the precious metals bus materially altered their value at different periods of history.
Professor Francis A. Wnlr.er of the Massachusetts Iysiitute of Technology, "Tn ilU:' work on 8^.9 yoy, wiyS: "Ci'jd and silver do o\Vr 1 oil"'/ peri.* nytlergo great changes ot' value any byconie in a high degree
X. Y. WV.rki.
Thomas G. Shearififth, Esq., the great
I 'Ul li.
K. V. Will,
deceptive as a measure of tho obligation of the debtor, of the claim of tlio creditor. Tims Professor Jevons estimates that the value of gold fell between and I S(l!) 40 per cent, and from ISO!) to 1M I it rose 145 per cent."
AVIicn 0*oli VV'an Jlicti|t.
It is a point well worth noting, however, that in the sewi or ighr. years— ]8-l!i-.i,(!—that gold, according to the best authorities, lost 25 per eent of its value, the world accommodated itrelf very easily to the change. The only outcry was from the holders of fixed indebtedness, and they wanted to demonetize gold because it was too ehoap. Wo heard very little about that in this country aud t-lie mas«es of our people did not even know it, because we had then no permanent, creditor class, no great bondholders but. tho literature of Europe at the time was full of complaints, AND AUSTRIA, GERMANY AND BELGIUM ACTUALLY DEMONETIZED GOLD. On the other hand, the rapid increase in the value of gold within tlie last 20 years has wrought worldwide bankruptcy1, lias brought a wail of distress from j^rojlucers in all lands, has ajsr'airTand i&aiii shaken the very f^ndattous of credit throughout tiie British empire, and right now, according to Dr. Eduard Sues?, threatens a re^jvisjon of tlio earth. In short, co'nt,ruction is very Ifrany times more destructive than inflation. "But t]ie ^mogomotiillists deny that there has been "any contraction, or that gold cheapened in 1849-56, or that it has really appreciated in value since mO."
5
•A-
tzh*-
#A
Oh, yes, they'll deny anything
A Dangerous Baals.
In no speech or book published before 18510 will you find it denied that the volume of money and its proportion to general trade are tho niuin factors in determining tho general level of prices. It was taken for granted that, tlie amount Of money of ultimate redi mption determined tho price level. It was the foundation upon which all disputants built their arguments. But now you oan hear it denied every day. And why? Be- Puck. cause it does not fit the arguments of those who have selfish interests to serve. They now maintain that all forms of currency, including checks and every other kin^ representative money, most be opunted the same tiao oola feuia, tbo^fh every leund fiiuuuiev
knows that, by the. method of the administration in construing tho laws, silver now performs no function that greenbacks would not, and that silver, silver certificates and greenbacks are mere token money, all resting on tho dangerously narrow basis of that metal which is the money of ultimate redemption. "You admit, however, that the free coinage if silvir would produce some inflation. .Suppose it were but 10 or '0 per cent, as Senator Jones thinks. Would not von that much inflation do great harm in dislocating existing business conditions?"
History has answered that question SO conelunhely that argument is unnecessary. In IS-Hl-50 the specio inflation throughout tho world is nlleged to have /S? fz'w)
to
been some 25 per cent, anil in this CO was curri tion cent body hauly bun? Look overt he papers of that timo and tie if you can find any plaints fr in tho y"\r^» farming regions. Do not economists of till schools agree that tho 12 years Judge. inimediate!y iireceding our civil war were tho golden age of the American farmer, if lie ever had one: Again, from early in 1802 to early in 1305 tho currency of this country was inflated at least 150 per cent. Some harm was done, of course, because tlie inflation was rapid and tremendous. It was six times as groat as any inflation now possible from the free coinage of silver, but tlio only serious evil in it was that it/gave occasion for a subsequent. cwj'traction.
lu.itry there '/V as general }\§M irn-ncy inlia- /%l) i"l ill of 40 per V..'/ nt. Wiif my- "~J
Tlio len«fitB of Expansion. I
might quoto all thn economic writers, from Adam .Smith down, to the effect that the volumo of monfcy is tjie main factor in fixing the general jprihe love]. You vjjU jflnd the dgjtrirto ably sec forth tlio wor^a oj J^riaxii Smith, John Locke, David. Hnm.Q, 3fthu Stuart Mill, Daviii Hiouj^o, William Stanley Jevons and ]JV all tlie^rcnoh and Ai-acrt-
Tli^SppaltTiigeg^c^s iif
con^jii^vd contraction SfuT tb6 "fe--fiinfvelons benefits resulting from a liberal increase in the coin supply arc thu3 bcTjulifully sqt forth by Sir Axchii'iiiii liis iiistory of Europe:
XgE
THATT HAVE 0(JCURIi4vP
IN
HlSTQltV ^UN^IK]')
THE
HAVE
BEEN DIREOTft BROUGHT ABOUT BY A
CONTRACTION AND,
ON THE OTHER HAND, AN EXPANSION Ol? THE CIRCULATING MEDIUM OF SOCIETY. THE FALL OF THE RpMAN EMPIRE, SO LONG ASCRIBED IN IGNORANCE
MINES OF SPAIN AND GREECE, AND, AS IF PROVIDENCE HAD INTENDED TO REVEAL IN THE CLEAREST MANNER THE INFLUENCE OF THIS MIGHTY AGENT ON HUMAN AFFAIRS, THE RESURRECTION OF MANKIND FROM THE RUIN WHICH THOSE CAUSES HAD PRODUCED "WAS OWING TO A DIRECTLY OPPOSITE SET OF AGENCIES BEING PUT IN OPERATION. COLUMBUS LED THE WAY IN THr:
BAM Tip A^NijAL SUPPLY OF THE PRECIOUS'
tioW.
Macaulay has well said that if a property interest were affected by it thousands of intelligent men would deny the law of gravitation. Only a few years ngo some of the greatest scholars in this country denied that a man whose skin was black and his hair woolly had a natural ri :h! to the fruits of is ln'aot oi th,.i a married wuman had a right to her owii earnings.
METHS FOR
THE
..USII
OF THE
.VTORLiD"
WAS
TRJP-
EEBT M2|EAMTURY gAD EXPIRED THE PRICES OF EVERY SPECIES OP PRODUCE WERE QUADRUPLED. JHE WEIGHT f)F DEBT AND TAXES Puck IHgl!I?S£BL.Y WORE OFF UNDEP THE INFLUENCE OF THAT PROD1GIOUS INCREASE
Ho mightTiave .'aided, and this point seems to worry 0"r monomc tallist. friends, that the, v.a.'jc* of laborers rose
I
oti. :A::cl v,. .it a rr.m.
euch misleading documents as the Al-
ly and you will find taat the workingmen in all the trades mentioned in it do not together number quite one-fourth us many as the farmers of the countrv.
And their method of treating this subject accounts for a very large part of the ill hiiim among farmrrs. In .spite ot the ci nsr.s and common sense, our alleged statesmen and economists insist on ireating the subject as if the farmer were not a laboring man. A eongressional committee is appointed to go out and prove, that wages have risen, and of course they prove it. lint how? They take the highest wages paid to the most skillful la
borers in the highest priced cities at the busiest season of the year. As a rule they take only those laltorers who iire in well organized trades unions, altl: -ugh they tiro but a tenth of tho laborers of tho x.
Y.
UN FAR
TO .Sl.AVi3RY, EgOTISM AND MORAL ^CORRUPTIONTWAS IN IDEALITY
O O II
ABOUT BY A DECLINE IN THE SILVER A N O
Judi-'i.
RENOVATION. WHEN HIS SAILS ACROSS
THE ATLANTIC, HE .. 130RE ^ANIjJND AND ITS
FORTUNE'S
IN HIS
I
..it:
wages of more than half our laborer.1! have get to i"..° before tin re can hi a rise in ees.iarn s. Monometallisfs have convenient.lv overlooked the fact that 00 per cent of the laborers in the UliiK Slates do lint work for Used money wages they piodnce, and what they so! the products for constitutes their wages. Jt. is self evident, therefore, that ris* in the price of the product is itself .i rise in wages# Tlii.s class includes all the farmers, cotton, sugar nnd tobacco growers, vegetable gardeners, fisher-
Judgo.
mon, growers of all kinds of live stook f« food, aud many others that I cannot detail One of the worst errors of the niouomctullifit is in assuming that the great mass of our workers are hired laborers, aud they get that impression from
llcrnlil.
country, and they tiro extremely careful not to take into tho account the number who nre earning no wages at all, which is a pretty considerable item when you reflect that, in Ohio, for instance, tho coal miners only averaged 148 days of full work last year. If you will tako all laborers, especially all who produco thn necessaries of lifo from tho soil, and count lost time, you will find that since 1878, coccepG in cases where they have been abnormally kept up by trades union methods, wages have declined in the samo ratio as commodities.
Tho I'uruiori' Meager Income.
A riso in tlio price of necessaries then would of itself be a j"jstj in thevyuges of CO
per cent of the laboring producers. But would it ^top tljer»? Certainly not. •Jhe ftimers would pay their pressing debts hud seij/tho money in motnon. They woukl/'tnon supply themselves with thoso things they have wanted so long and been compelled |o do without. All the country rnprohanttj and all the eoniitrv artisans immediately do{ieniicut on the fprmerf, such as blacksmiths^ cobblers, catpfnters, painters tho like, would ijn^'diatol^ eiiare_ Jbn the
I'D MILLION
fo:j moro ho st (llHU a
he leport a boat which so much lias will buy 1 bushel of wheat aud 8 been said. Examine that report careful-
1
DOLLARS)
LESS THAN THEY DID A FEW YEARS AGO. NOT RECEIVING it, OF COURSE THEY CANNOT SPEND IT. HOW CA2C THERE BE WoAli FOR
|i,8?0,866,000 A YEAH
LI-:SS
THEY NATURALLY
TH \N
WOULD'-
TJiERE IS NO C'ONGIIESS \YISF ENOUGH To DEVICE A TAH1FF THAT WILL HELP WOliKMEN IX MANUFAC rOlilES SO LONfr AfTHE FARJiERS CANNOT MU Till PRODUCTS. "Would free coinage raise prices to the old standard?"
It would not, Nor is it desirable that it- should. As we have been running down hill for 20 years I —\r should not complain if we were seven yeats in get-q ting to the tup again. !*, The great thing to do, and the one tjiing that must bt doijy if we are to^/x^""' "v avert general paralysis, \a'i to stop the decline where It now is and then change n, y. Horald. from a falling to a rising market. That willgiyo 1^3,4ime to breathe. It will stimulate enterprise. No roan will invest money now with even ohnnce.s having liis investment decline on haujds. But Jjive a reasonab]e assurance even of a trilling advance and everything will at onoe put on new lifo. I need cite no proofs of this. It is the universal experience of all countries and in all times.
riuiiont
"-'r:
Money.
"But you concede, if I understand you, that a part of the decline in farm produce prict?s has been due to greatly injreasedjEjroduetion?''
Unquestionably. No ijitelligent mau denies it How fliueh is duo to that and £ow much to monometallism we cannot
Puck-
I
dolWwM
«i«*u ana
pounds of eottoii, then a dollar which! will buy 4 bushels of wheat or 88' pounds of cotton will be twice as honest as the one we now have. 2. That there i.s not enough of both gold aud silvi to restoro the prices of 1870-3 or of 1SS0-8.
A Uf«l Gnll I'usifj.
8. That in •"onsequeiico of tho much greater inerea-ie of population and production than of the metals, if there had been no demonetization, both gold and silver would have gained greatly in value since ltiil!. The villainy of monometallism lies in the fact that all the gain has been concentrated in gold. By way of general conclusion, I believe that monometallism for the world is impossible, and that Euro[i« only maintains it on the condition that other nations do not. In fin- if it is to be maintained in this country and Europe, we must prepare for another shrinkage so great that the people will not endure it. There is a spirit ".broad in the country now that is not very pleus^.t to think of, and if there is another turn of I the screw—and there must bo several turns before we get down to a real gold basis—it is much to be feared that there will be something like general bankruptcy and repudiation. Just consider this fact: ^Puck. 'i national^ State, provincial, municipal aud railroad debts of tho world, thoso debts which aro funded and permanent, tho interest only being paid, now atnoun to at least $40,000,000,000, and the interest On it is over $2,000,000,000 per,, year. IT NOW TAKES,,
ALMOST EXACTLY TWICE
HONESTY
Rain, and all olLersTn the improvement due to a general gnin in trade. Our agricultural department Iny shown that t[ie
farmers' income has declined over ijal per cultivated acre. THAT MEANS THAT FOR THE WHOLE COUNTRY THEY ARE RECEIVING ABOUT $ 1.800.000,000 (EIGHTEEN
-AS
MUCH CORN, WHEAT, BEEF, PORK, COTTON AND OTHER EXPORT PRODUCTS TQ PAY THAI' IJStfERESTAa jT DID \ygj!N DEBTS
WGRE JQNTRAC'I'BD. "DOES
RtoM THAT
THE
LABORING PROpUCfiftS OF
WORLD
THE
SHOULD PAY 100
PER
CMS MORI THAN WAS ORIGINALLY OG^IIACXJSE FOR? "WfiU. Nanjing" that many things bc5.li fo jyio ioiury of they' farrtier, "what can wo do at this lato day to remedy them?"
A Word of Counsel,
We can at least reverse tho nvvchina V, Wo know wnat has hurt us, and wo can* put a stop to it. Ono man just now Etands for all that has ^\irt tho farmer.
William MoJKinley is tho political incarnation of thoso enormous land grants and subsidies which made mil-, liouaires by the hundreds of tho war tariff in timo i. of pe&e, which"' transferred $i2,000,000,000 values from til west to tho easj: tuui from the country to tlif, great
c:
iii erf
tho a t. on irf banking system, I'.o Cc lOQctiz^-
Coiiuiuirciiii Aiivi-rtiaer. on 1! silvor and the, enormous increase in the-power of gold of Credit Mobilier and forpe bills, of vastly increased government expenditures and every extravagant scheme for building up great corporations. He represents it all and glories in representing it He tells you with refreshing ear-lor that if he can have his ym shall have a rvat deal more of thc^t sort of thing. A vote
IOL-
I:hn is a
vote.-to indorse it all r.j.d oj.cn the way {id»!jtnuch greater advance in the same dirootioH. A vt-:e ft i,l.im i.-i :^\-oto for goltl luoniar. d^::.i ar.d lower prioog £or farm pn rlilce.
Wijliffn .leiming.s Bryan, the other hannVstamh. for a r: oranr:i cf the bimetallism of tj:e constitution and tigiiiiist, the things above mention! d. All other classes .. *lv to get Ja&£fehjUjIjojr sell, and wby wot you, tJ)C .,r
agSrS niee^
111
nigli con- KyTg'orld^
clave to inakeprofltable rates l^yuractu rers il(5 tho fame for"Sgir[ profit brokers lgjigr to advance stops' Ay ^hese voto ana use fho government faaSE inoni}?, (ind jill denonnge you farmers as no jjptter" than thutves for doing tho samo thing. Vote, as justice requires, to restore the old contract. Votoi 2 to help yourselvea Vote for Bryan, tbo7 t' to money of the constitution and the up-'
ligure out to a cent, but I think we call much ii it than the mono- lifting of the agricultural interests. .«vy»rn7t»x«?t43»S
metallists admit. All past experience has shown that increased production of the necessaries of life
does not of itsolf
reduce prices in the oxact proportion of the increase, for increased demand oomes in and very frequently offsets all the gain in production. For convonience'fl sako I will stato in the briefest possible form what silvorites believe on this subject. We maintain: 1. That there is not enough gold in the world and cannot be enough produoed to maintain the present, level of prioos. If monometallism prevails, there must be a still further shrinkage. I dare not conjecturo how far it will go, but I am certain that it will not stop short of 40 cent wheat and 4 cent cotton and other things in proportion. Gold will then be afar more "honest money" than now, for it will buy much more. You see how neat and oomplete this honest money argument is and how it rapidly grows stronger as prices go down, for, if a dollar whioh will buy 3 btishels of wheat and 16 popnd} of cot-
The Now Hook Spoon Free to All. I read in tho Christian Standard that Miss A. M. Fritz, Stanton, A. M., St. Louis, Mo., would givo tin elegant plated hook spoon to anyone sending her ten 5-cont stamps. 1 sent for ono and found it so useful that I showed it to my friends, and made 81 *'.00 in two hours, taking orders for tho spoon. The hook spoon is a household oecesbity. It cannot siip into the dish or cooking vessel, being held in the place by a hook on the back. Tho spoon is something that housekeepers have needed ever since spoons wore first invented. Anyone can get a sample spoon by sending ten 2— cent stamps to Miss Fritz. This is a splendid way to make money around, home. Very truly,
KAN.N'ETTE &» Sept. 5-13jr.
The public schools of the city opened, on Monday with an increased attendance of pupils. There are over 20 teachera in the schools of the city.
