Crawfordsville Review, Crawfordsville, Montgomery County, 12 November 1898 — Page 3

THE MONEY POWER.

Its First Exhibition Was Through United States Banks, Which Jackson Throttled.

Dilute" of This I'liwsr 1'olnt.ed Out to the People by Uie Mau Who

!'lt

Had

the

Coiiruge to V«to IU Measures When

Sought to Control the Government In 18.TJ

The term "money power" is regarded in some quarters sis a vague term, indeed, so ambiguous aud indefinite as to amount to a vagary. It is flippantly admitted that money has power which, under prudent control and exerted for lifjitimate purposes, promotes the general welfare, advances civilization and confers innumerable blessings upon individuals and nations. Such commendations are exceedingly trite, they are like repeating the old aphorism that "fire is a good servant, bat a bad master."

It is folly to assume that the term money power" in political affairs is of recent coinage. Such is not the case. It has been known to exist since time was young, but it is not the purpose of this writing to trace its operations beyond and outside of the boundaries of the Uuited States. It is doubtless true that the first exhibitious of the money power in the United States were through the operations of the United States bank which President Andrew Jackson throttled finally by his veto. July 10, 1832. In that message President Jackson said: "Their power," (referring to the stockholders of the bank) "would be groat whenever they might choose to exert it they might put* fourth their strength to influence elections or control the nffaira of the nation."

Again, in his veto message, JaoksOu said: "It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Many of our rich men have not been content with equal protection and equal Benefits, but have besought us to make them richer by acts of congress."

Such expressions from such high authority bring to view the designs of the money power 60 to 70 years ago, when the "money power," operating through the United f'tatos bank, sought to control the gov rnment.

In his sixth annual message, Dec. 3, 1884, President Jackson called the attention of congress aud the country to the oorruptiug practices of this organized money power in saying: "Circumstances make it my duty to call the attention of congress to the bank of the United States. Created for the convenience of the government, that institution has become the scourge of the people. Its interference to postpone the payment of a portion of the national debt, that it might retain the public money appropriated for that purpose to strengthen it in a political contest the extraordinary extension contraction of its accommodations to the community its corrupt and partisan loans."

All pointed to the dangers which in the days of Jackson threatened the government itself by the operations of the money power. And still further, President Jackson warned his countrymen against establishing or giving aid and comfort to a "money power" and in his message said: "Events have satisfied my mind, and 1 think the mmds of the American people, that the mischiefs and dangers which flow from a national bank far overbalances all its advantages. The bold efforts tne present bank has made to control the government, the distresses it has wantonly produced, the violence of which it has been the occasion in one of oor cities famed for its observance of law and order, a»e but premonitions of the fate which awaits the American people, should they be deluded into a perpetuation of this institution or the establishment of another like it."

In tht olden times it was no uncommon occurrence for sentitive, delicate women to be beheaded for trivial or imaginary offences. In this respect the world has made great strides.

_was

a«

Nevertheless, women still suffer death in a slower and more torturesome form, and for

whatever, save a little ignorlance, or posfsibly, a little neglect.

The woman

who suffers from weakness and disease of the distinctly feminine organs, whether she realizes it or not, is being slowly but surely tortured to death. She suffers almost continually with sick headache. She has pains in the back,what she calls "stitches in the side and shooting pains everywhere. She experiences burning and dragging down sensations. She becomes weak, nervous and despondent. She neglects her home, and is petulant with her husband. If she consults the average physician, there is not one chance in ten that he will hit upon the real cause of her trouble. He will attribute her bad feelings to stomach, liver, heart or nervous trouble. A woman in this condition should consult some eminent and skillful specialist who has had a wide experience. Dr. R. V. Pierce, for thirty years chief consulting physician to the Invalids' Hotel and Surgical Institute, at Buffalo, N. Y., has with the assistance of a staff of able physicians, prescribed for many thousands of women. He has invented a wonderful medicine for ailing women, known as Dr. Pierce's Favorite Prescription. It has stood the test for thirty years. It acts directly on the delicate and important organs concerned in wifehood and motherhood, making them strong and well. It allays inflammation, heals ulceration, soothes pain and tones and builds up the nerves. It transforms weak, nervous women into healthy, happy wives and mothers.

invalid for over a year with change

01 life." writes Mrs. C. Smith, nf Orr, Casca-Je *-o.. Mont. "Had pains across the pit of my stomach and such extreme weakness I could Jiardly walk. I took one bottle of Dr. Pierce's Golden Medical Discovery and five of his 'favorite Prescription' and am entirely well."

DEMONETIZATION

Of Silver and What It Has Cost Indiana Farmers.

ComfireheiiMlve Tiibim Showing What They Should IIavh Iteoeiveil and What Tlu\y Dlil ItfcuiVH iim a 1 toward For

Their Toil Since 1873 Totul Lohs on Wheat, Corn and Oats Amount* to Ihe IC'iormoiis muu of «41 113.

Indiana is pre-eminently ail agricultural state. In ISilO, according to the census report, Indiana bad 198,167 farms, valued, including fences and' buildings, implements aud machinery and livestock, at *86!t,322,787. It would be a conservative estimate to say that Indiana now has 200,000 farms and that their total value, including fences, buildings, implements, machinery and livestock, is $900,000,000. If it is admitted that Indiana has 200,000 farms, the estimate of five persons to the farm, or a total of 1,000,000 of the state's population are directly associated with the farms of the state in carrying forward the great industry will not be controverted. The investment in farms overtopB and overshadows investments in any other industry in the state, and it may be said all other industrial enterprises combined. The railroad interests, about which so much is said, capitalized or "watered" as they are, as an investment do not exceed $160,000,000.

So much is merely preiactory, designed to substantiate the proposition, that agriculture, or fanning, is the one great, overmastering interest of Indiana. The Demonetization of Sliver »nd Prices of Farm Products.

It lias boon asserted and demonstrated beyond proof to the contrary, that the demonetization of silver in 1873 has had a ruinous effect upon the prices of farm productH, that as silver lias declined in value farm products have also declined proportionately, and it will be well for farmers to take the facts into considerstion and see if they bear out the averment. And if they do, farmers have a solution of conditions which since 1878 have prevented them from receiving many millions of dollars which ought to have rewarded them for their toil and anxiety. The question is so momentous and so far reaching in its consequences as to lift it far above partisan clamor, for it is partisan only to the extent that parties may seize upon the right or wrong involved, the one party asserting the demonetization of silver lies at the bottom of the question of the depreciation of the value of farm products, while the other party engages in obscuring the facts and contending that other agencies have operated in bringing about the decline, in which they talk loudly, but not learnedly, of the gold standard, balance of trade, etc., but which in no wise modify the startling facts, that with the decline of silver consequent upon demonetization, farm products, keeping step to the mournful musio, have as steadily declined.

A Little Simple Arithmetic.

Preliminary to the employment of a litte simple arithmetic to show farmers of Indiana a few startling facts relating to the losses they have suitained by the decline in the price of their products since 1878 will be in order.

It is not contended, nor is it to be denied, that other agencies have been in operation whereby the pru-.e of farm products have declined, but that the demonetization of silver, and the consequent decline of that metal bus been the chief factor in producing the misfortunes of the farmers of Indiana is asserted, and the facts warrant the conclusion. Decline

In

From 1873 to 1898 oats declined from 87.4 cents a bushel to 22 oents a bushel, a fall of 16.04 cents a bushel, or 41.17 per oent.

From 1878 to 1896 rye declined from 76.3 cents a bushel to 40.8 cents a bushel, a fall of 35.6 cents a bushel, or 46.6 per cent.

During the same period barley de ollned from 91.6 cents a bushel to 82.8 cents a bushel, a fall of 69.2 cents a bushel, or 65.7 per cent.

From 1878 to 1897 bay declined from $18.55 per ton to $6.69 per ton, a fall of $6.83 per ton, or 01 per cent

From 1878 to 1896 potatoes declined from 70.6 cents per bushel to 26 6 oents per bushel, a fall of 48.9 cents bushel, or 61 per cent.

These figures, relating to the price of farm products for the periods stated, are taken chiefly from estimates prepared by the United States department of agriculture, and include the whole country, but may be regarded as applicable to Indiana as to any other state, but the statistics relating to annual products found in the tables are taken from reports of the Indiana bureau of statistics.

Iu this article it is not proposed, in showing the extent the farmers of Indiana have suffered by the decline in the prioe of farm products, to give each year from 1878 to 1898, nor, indeed, to seleot the most disastrous years to farmers, but to introduce authorative dates of a number of years calculated to produce and rivet conviction that the demonctiziitinn of silver in 1873 has been productive of disasters to the farmers

Indiana ho enormous in their sum total ar to tax credulity and amaze the poopie.

Wheat.

Indiana is a wheat producing state, and it would be interesting to show the sum total of the product of the great cereal for all the years since 1873, but since that cannot be done for the wans of space and the necessary data it must suffice to introduce the product of only a limited number of years, showing the decline in prices as compared with 1873, when silver was demonetized.

Tables showing the decline in wheat in 12 years, consequent chiefly upon the demonetization of silver, which declined from $1.02 iu 1873 to 47 cents in 1897:

YE.VltS

ISM

1880 18*4 1885 1386 1888 18*9 1891 1895. 1896 1898

Ihe Price of Silver autl

Fariu

Product*.

From 1873 to 1897 the price of silver declined from $1.02 per ounce to 47 cents per ounoe, a fall of 55 cents per ounce, or 63.98 per cent. During the years from 1873 to 1898, wheat declined from •1. 15 per bushel to 62.3 cents a bushel, a fall of 52.7 cents a bushel or 45.86 per cent. From 1873 to 1898 corn declined from 48 cents a bushel to 30 cents a bushel, a fall of 18 cents a bushel or 87.05 per cent.

1870 1880 188 3 188 4 1886 1880 1888 1889 1801 18S15 1896 18X3

"SI CI

& x' ST &

-C 5 JE *1, 3

-O

£•2. §'3 ii: jv,

i".788,(«8

4e,02»,«18 31,405,573 to,5.11,31)0 -8,750,764 41,541,570 58.: s.rw) 4-',13«,U» 5",7H!,630 22,874,000 -'4.574,853 51.tml.Q80

o-S

1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.16 1.15

1SS3 ltU4 1S8S 1WW ls'Jl ln»-' 18SM 18'J5 1HU7 1WW

95.1 88.2 91.« 64.5 92.0 18. 83. 02.

18.H $

8,116,813 12,576,877 7,568,803 at,4«a,2U8 6,612,675 18,776.70# 18,183,103 21,826,868 33,004,1»6 14,188,100 10,419,737 26,877,599

:20.8 34.1 50.5 23.0 45.2 31.1 5-1.0 0S.9 65.0 42.4 52.7

9 t) 1 0 6

49 50.

•KJ.il

Total loss to farmers of Indiana in 12 years 198,014,600 It is seen by the foregoing table that in the 12 years tabulated the decline in the price of wheat consequent upon the decline of silver chiefly, cost the farmers of Indiana $198,614,060 and if the anuual product of wheat in the state for ull the years since 1873 could have been obtained for calculations, the sum total would }*ive approximated $300,OliO.OOO, and as "dear money," makes farm products cheap, farmers may feel assured that with the establishment of the gold standard and the permanent demonetization of silver, still greater losses are in store for them. But the losses sustained by the decline in wheat is but a portion of the calamities which have befallen the farmers of Indiana, consequent chiefly, upon the demonetization of silver, and it is therefore in order to give the facts relating to the losses farmers have sustained in the decline of prices in corn, as shown in the following tables.

Table showing that the decline of silver from $1.02 per ounce in 1873 to 47 oents in 1897, cost the farmers of Indiana $184,708,470 in the decline of corn for the years tabulated.

13

2.5 I* "o

STS

trip S,

E° I»

YEARS.

-5b'"S a OR

IX

S

S.|

80,99.1,098 89,159,799 115,154,914 108,217, -DO 128,4iW,284 106,542,161 125,1*92,049 132,100,105 148,578,898 14.\5UI,4W

CLKP.&3 4,378,447 ]0,966,65£ 17,(32,556 12,336,7(10 17,852,643 20,988,805 11,134,145 29.987.48S 82,884,1'^ 28,730,252

39.6 35.7 H2.8 ».« 34.1 28.3 1 25.3 21.5 30.0

5.4

12.3 15.2 11.4 13.9 19.7 8.9 22.7 20.5 18.0

Total loss to farmers •184,708,470 It will be seen by reference to the foregoing table that the farmers of Indiana in the 10 years tabulated have lost by the decline in the price of corn, as compared with 1873, when silver was demonetized, the enormous sum of $184,708,470, or an average of $18,470,847 a year. That the decline in the price of corn was owing largely to the decline in the price of silver is shown in the fact that while silver declined from $1.02 per ounce in 1873 to 47 cents in 1897, corn declined from 48 cents a bushel in 1873 to 30 cents in 1898.

Table showing that the decline in oats for the vears tabulated, consequent chiefly upou the demonetization of silver, resulted iu a loss to Indiana farmers of $30,638,977.

O

-0

9

Pi !i C.B

YEARS.

9 2.

a

a

41

•"4

QB

=.r- 3 »(T

n.stu.om 15,4Uri,KH i:\W7.78H 2.1,57(1.117 -'5,'.Ml 1,087 28,3:#l,l(tt 27,493,85" 28,7111,986 28,123,189 24,6 H.K31 23,680,234 83,490.424

33.1 .1 32.7 «7. 28.5 '29.8 27.8 22.9 31.fi 19.9 18.7

.17.4 37.4 37.4 37.4 87.4 37.4 37.4 37.4 37.4 37.4 37.4 37.4 22.11

4.3 1.1 4. 9.7 8.0 7.6

507.575 169,404 919,589

2,286,875 2,247,821 2.158,06 2,639,411 4.1(3,l6C l,659,2ttf 4,3tl5,32C 4,429,88c 5,157,524

9.6

14.5 5.9 17.5 18.7 15.4

Total luss to farmers on oats iu 12 years as result of the demonetization of silver— •30,038,977

The then principal cereal orops in Indiana are given in the foregoing tables, and, recapitulated, show the losses sustained by Indiana farmers as follows: Lom lUHtHined bjr the decline Id wheat •198,614,666 Lo*t au*taluel by the decline iu corn 184,708,470 Lota imtiuued by the decline in oats 30,638,077

Total lota for the years nauied $413,968,113

When it is considered that less than onehalf of the years since 1873, when the disasters began to acoummulate upon farmers of Indiana as a result of the demonetization as the prime faotor in the demoralization of prices, it will be admitted that the sum total of losses, if all the years were included of losses, would reach at least $900,000,000.

We have 18 years in whioh the prodnot of barley is given in statistical tables, showing the sum total of the product at 5,639,399 bushels. Iu 1873 the price of barley was 91.5 cents a bushel, and it declined to 32.3 cents a bushel. If we divide the loss and assame that the average loss to the Indiana farmers was 28.1 cents a bushel, one-half of the decline, it is seen that npon this highly liberal estimate the loss was $1,584,671.

The rye product of the state for 12 years, for which statistics are available, amounted to 8,552,183 bushels. The de-

FUN IN THE FOOTNOTE.

A Popular Librettist Couldn't Withhold a Joke on Prospective Bride. W. S. Gilbert does not retain all of his humor for use in his librettos.

In the early days of his success, when Gilbert and Sullivan were considered by managers as the "sure winners" in the comic opera field, a young woman who was a member of one of the"Pina fore" companies wrote to Gilbert telling him of her approaching marriage with a young man of good position and family.

Gilbert congratulated the young woman and expressed the hope that her future might be prosperous and happy.

Only a little more than a month passed, and another letter from the same girl reached him, iu which she stated that her engagement with the young man had been broken and that she had accepted another suitor.

He replied that he had every confidence in her judgment aud again expressed his hearty wishes for her welfare.

It was almost two months after that that Gilbert received a third letter from the same girl, who informed him that young Lord had proposed and that she had accepted him after breaking her engagement with No. 2.

Gilbert's humor could no longer withstand the temptation, and he wrote, "I desire to congratulate you on your approaching marriage with"— Here he placed an asterisk and in a footnote added:

Here insert the name of the happy man." This is probably as characteristic a piece of humor as any that appears in his "Bab Ballads" or in his works for the stage.—New York Press.

Wonderful Pumping Engines. The standard attained by the performmico of modern pijmping engines is pretty high, as was illustrated by an incident which occurred not long ago here in New York, where some large pumping engines that had recently been set up and were working at rather high fcpeed and almost absolutely without noise were inspected by an expert in such matters who hailed from an interior city. Ho remarked, "Well, those engines work very nicely now, but wait until you get to pumping water at that speed and then you will hear somethiug from them probably."

His astonishment may perhaps be imagined when it wus demonstrated to him that they were at that moment pumping water and had been continuously doing so for 48 hours.—Americau Machinist.

PARKER'S

HAIR BALSAM

Clea&sea &ud bcaatifief the hftifc Promotes ft luxuriant growth* Never Fails to Bestore Gray

Hair to its Youthful Coior. Cure* tc&lp diprasea ft hair falling. £0c, and 1.00 at Druggist*

EE Three Sizes.

E: 22=inch, $10.00

2'4=inch, $12.50

E: 28=inch, $15.00

NEW MARKET, Ind., Sept 14,

They are loaded

AVegetablePreparationfor Assimilating thcTood and Regulating the Stomachs and Bowels of

IN1AN IS H1LDKKN

PromotesTHgestion,Cheerfulness and BesLContains neither

SotNarcotic.

)ium,Morphine nor Mineral.

JBxyw cf Old DrSAMUEL PITCHER

Antbi Stti AtxJmna SJh jbtutS—4 Jlfftinmut

aarfantiMr*

HirmSaA

A perfect Remedy for Constipation. Sour Stomach,Diarrhoea, Worms .Convulsions .Feverishness and Loss OF SLEEP.

Yac Simile Signature of

Stork.

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At months old

35

Dosr«»

-35Cents

EXACT COPY"OF WBAPFEB.

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I THE UMPIRE ESTATE

The "Umpire Estate" is the name of the only genuine air tight stove that ever was made. Built upon ecientific principles, their extraordinary fire keeping qualities, elements of air tightness, fuel saving capacity, control of fire aDd rapid heating, and durability of the materials used, all combine in making them perfect stoves.

Exercise for a moment your own mechanical judgment apply it to a critical examination and comparison as between the construction of the Umpire and others of this type of heaters, and your verdict will, we are sure, be that reached by the experience of those whose words follow below:

SMARTSBURG, Sept. 12, '98.—The Umpire Estate stove that I bought of you is the best heater that I

ever owned gives splendid satisfaction would not exchange it for any other kind keeps fire, is cleanand takes but little fuel. I can recommend it to any friends wanting a good stove. WM. J.

NEW MARKET, Ind., Sept. 14, '98.—The Umpire heating stove I bought of you last fall gives the very best of satisfaction and will gladly recommend it to my friends as the stove to buy. it uses less wood and holds fire longer than any stove I ever saw or ev owned. Respectfu ly,

DARLiNGTON, Ind, Sept. 1J, '98.—The Umpire estate bought oi you last season is the grandest stove I ever used, Holds fire longer and burns the least wood of any stove I ever saw, and cheerfully recommend it to any one wanting a good stove. LOUIS A. LOVE.

19S—You

a heater. I can only say it has no equal as a heater. It holds fire longer and uses less wood than any frtovft have ever used. Have used mine two winters and would not trade it for any stove made. JAS. GILLILAND.

Our line of Carpets, Furniture, Dishes, and Tinware is complete. Our bargain counters want to see you

CASTORIA

For Infants and Children.

The Kind You Have Always Bought

Bears the Signature

of

-)|Drury's Placetf Es

Wines, Liquors, Alchohol and Cigars.

uuuui

down with everything for the dining room and kitchen. Don't overlook them.

tZACK MAHORNEY CO.]

iittUuiuuuuM muuu nam mmim nam uuurc

The

Kind

You Have

Always Bought.

CASTORIA

THC CENTAUR COMPANY, NCW YORK CITY.

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Peace Jubilee and Street Fair

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Magnificent display of costly Merchandise, bewildering «ggregation of shows and artists, dazzling electrical displays, superb bands, carnival days with merry masquers, immense horse and live stock show, and for all this the headquarters will be found at

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V.HV.V.1 I

Three Sizes. 3

22=inch, $10.00 3

24-inch, $12.50 3

28-inch $15.00

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LYNCH.

LARKIN H. BRANCH.

have asked for my opinion of the Umpire Estate as