Crawfordsville Weekly Journal, Crawfordsville, Montgomery County, 7 August 1896 — Page 6
WEEKLY JOURNAL
ESTABLISHED IN 1845.
FRIDAY, AUGUST 7. I8B5
MOSEY QUESTION.
il Wnpe Knrner Sn the Baptist Examiner Dificagfle* the "Two Stai»larls of Value."
This is the second question in my 3ist. It is one which, like predestination, has "unsettled many a foolish head and puzzled many a wise one."
There is a prevalent idea that a '•'double standard" f:aT be maintained. Some honestly belio-^ that if our Government alone should adopt the free coinage of silver, and decree by law "that sixteen ounces of silver shall be equal to one of gold, the thing would be done. Others—somewhat wif and 'much more modest—maintain iaat, 'while we couldn't do it alone, if all 'the leading commercial nations would agree to it, the object could be accomplished
But there is a sly little fallacy lurking in all this assumption. What is it? Simply this: It is assumed that our Government by law, or the leading nations by agreement, can establish and maintain a fixed ratio between gold and silver, without -reference to their commercial ratio (which, by the way, is at present about 31 to 1).
As a matter of fact, however,—and all history backs up the assertion—the relative value of the two metals, whether as coin or commodity, does not depend at all upon law or international acreement, and they would persist in having a commercial ratio, and impressing that ratio upon the currency, in spite of. all,that could be •cioae to prevent it..J'
It is mediiin-al absurdity that "Government" canjfix the value of a commodity. As! have said in a previous article (July 9) the stamp of the Government does not, and cannot, create value, but simply guarantees the weight and fineness of the coin it is•sues.
In all ages the effort of wise financiers has been to adjust the coinage ratio between gold and silver to the actual or commercial ratio
:vi
Whf
our own coinage was established, in 1792, Jefferson and Hamilton sought diligently to get at the true commercial ratio between gold and silver, and thought they had found it in 15 to 1. But the true ratio in 1792 was 15 17, and 15.37 in 1794, when the first silver coins •were struck. Thus gold was undcrvalucil, i. e., an ounce of gold was worth more than fifteen ounces of silver. Under this arrangement our gold
coin would not circulate, for a gold dollar was worth more than a silver dollar (about S1.03S). In 1S34 Congress undertook to regulate the matter, and changed the ratio to 10 to 1, aHd the fine gold in the dollar was reduced from 24 75 to 23.22 grains. But this undervalued the silver dollar, making it worth about 31.03 in-gold. This continued until 1S73. when the silver dollar /oniy about 3,000,000 of which had been coijied to that date) was "demonetized"—the law of that year (absurdly called "the crime of 1S73" merely CODSrming what had been the fact for nearly forty years.
Thus the history of our "own coinage alone hhows the fallacy of trying by law to make two different commodities hold an exact ratio with each other. We began with 15 to 1—that drove out gold. We changed to 16 to 1—thai •drove out silver.
This is only one of a multitude of illustrations that "Gresham's Law" holds good, whatever Governments may try to do by statute law—namely, thai a bad or inferior money invariably drives better money out of circulation.
It is apparent, therefore, that two 'standards of value cannot be main'iained. As Judge Aldredge, of Texas, 'happily expressed it: "The phrase double standard' is a contradiction of terms. Standard means correct measure, and there cannot be two different, •correct measures of value, any more than there can be two different, correct weights to sell by, two different, correct compasses to sail by, two different, correct thermometers to measure temperature by."
It must be one or the other—silver or gold. Which shall it be? I shall consider that question next week.
FOE letter heads see THK JOUKNAL CO. PHIKTBIW
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THE LUMBER BUSINESS.
Paralyzed Uy Question--Dealers
the Agitation of the Silver liadly Scared.
A lumber firm of this city which has been making large monthly shipments of hard wood to a large factory in the north part of the State, the other day received the following letter in response to an inquiry whether the regular shipment should be forwarded:
GKNTLKMEX:—Your favor of the 25th at hand and noted, and in reply we beg to say that while we should like to accommodate you, and, under ordinary circumstances, most certainly would do rrO, still the outlook is so very bad that we cannot buy anything excepting such as we are in need of. Our trade is so badly scared qver the silver business that no person will buy any goods beyond their immediate wants and we shall be compelled to.uo the same. We hope to see our vray clear to order a car of lumber in September. Think by that time the silver crowd will hav* exausted itself and people will be^vtrned by reason. Then we shall have some business, but tor the present it is about as dead as the silver party should be and no doubt will be after the election.
BOOSE COUNTY FAIR.
Annual Kxliihitlon at Lebanon, August 17 to 21, 1896. ..
There i6 as much variety in fairs as there is in human nature, and many of them are annual repetitions of the familiar scenes of other years, but the Boone county fair will be new to the visitor, because there will be new objects to be seen, new sights to witness, and new lessons for thought and contemplation.
In addition to the complete, up-to-date exhibits that will be presented in each of the buildings and departments the management will spare no pains to obtain as many attractive special features as possible, many of which will develop a high order of interest.
One way of accounting for the success with which the fairs of Boone county have met, is the fact that they have enlisted the support of the best people in all parts of the country. The exhibits are contributed by the best and most successful people of the community and their committees are made up of choice men and women, selected because of their fitness to perform the duties assigned them. Is it any wonder that our fairs are so exceeding)}' popular?
Remember the date—Aug. 17 to 21 get ready to 6pend at least two days on the ground.
ADVERTISERS HEDGING.
The Big Newspaper Patrons Preparing for the Fiee Silver Smash*
Monday's mail brought THK JOURNAL a letter from the Dr. Miles Medical Company of Elkhart, Indiana, one of the most extensive enterprises of its kind in the United States, which is brief but to the point. It says:
To protect ourselves in time of panic and distress (which we regard as inevitable should the unexpected happen in November) we have decided to add the following condition to all contracts made for newspaper advertisements: "It is also agreed that should the free silver candidate Brjan be elected, the Dr. Miles Medicine Company have the privilege of cancelling this contract. 'From this date contracts without this clause will not be accepted."
The company is composed of both Republicans and Democrats, but they are all agreed as to the effects that free silver would have on their business, and hence they deemed it necessary to adopt an ultra safe and conservative policy.
Runaway Accident.
Last Tuesday as John Love with his daughter and son were driving from this city to their home in Yountsville, the pony, hitched to the buckboard in which they were riding, suddenly began kicking in a most vicious manner and finally ran off. The occurrence commenced at the hill this side of dry branch and after crossing the bridge the vehicle was overturned, throwing the occupants violently to tie ground. All were more or less hurt, though none dangerously. Miss Love suffered most, she having received two very violent kicks from the horse. The injured people were cared for by the neighbors of the vicinity and later in the evening were taken home.
AVtll Have Money Left.
At Ilattle Ground, Monday, there was a general "summing up" by the board to see how they stood in the world. The receipts this year were large enough to pay all expenses, the interest on the debt, and after applying some on the principal they will have money left. Rev. L. C. Buckles was chosen president of the association.
Th« iiulieuB Corpus Case
in the case of Jos. Bowers vs. Chas E. Davis, Sheriff, Judge Harney found that the plaintiff'6 imprisonment was illegal and ordered his discharge
Will Be Installed In October.
Rev. John A. Blair will be installed as pastor of the Washington avenue Presbyterian church at Terre Haute some time in October.
Family Kennlon.
The Hostetter family will hold a reunion at the home of David Hostetter, west of Ladoga, on Thursday, August 13.
MAURICE THOMPSON.
The Well Known Author On ft Visit to the South.
The Atlanta Constitution has the following, accompanied by a cut showing an excellent likeness of the subject, about one of Crawfordsville's distinguished citizens:
Maurice Thompson,the distinguished literateur, whose stories of the south have made his name a household word in this country, arrived in Atlanta yes' terday. He came to visit Mrs. Ballard, and will remain in Atlanta a week or more. Froui here he will visit Tallulah Falls, Mount Airy and other points of interest in north Georgia. Some of his best stories have described the life of the mountaineers of north Georgia, :-nd he is anxious to spend several weeks in the northern counties of the State this summer to gather material. It has been eight years since he visited these sceues and he looks forward with great pleasure to the experiences which await him.
Major Thompson, for he is a feoldier as well as an author, is a man of medium stature with slight gray moustache and thin gray hair. He has eyes of gentle expression and a face that depicts gentleness of manner in every line. Personally he is a very attractive man of pleasing, address. He is thoroughly unaffected and easy of approach. When seen last night he talked interestingly of his former visit to Georgia eight yeai-s ago and was very much impressed with the growth of Atlanta in the intervening time. He was rieluctant about talking of his own work.
Major Thompson now lives at Crawfordsville, Ind., in the summer months and at Bay St. Louis, Miss., in the winter. He devotes his time exclusively to literary work.
He has been writing for the leading magazines, The Century, Cosnwpolitan, Harper's and LippincotVs, for several years, but his principal duties are those attached to the literary editorship of the New York Independent.
Major Thompson's most popular novel is "The Tallahassee Girl," published in 1SS3. His two volumes of poems have had a very large sale. Among his best known works are "The Story of Louisiana," published in the historical series of the Lathrop's of Boston "His Second Campaign," a Georgia novel "The Century Boy's Book of Sports"and "A Jocund Feud." He has published eighteen books in all.
As a scout in the confederate service Major Thompson achieved a reputation for his bravery. He was wounded five times and rose from the ranks to the office of major.
The author is a great bicyclist and has brought his bicycle along to try the asphalt on Peachtree. Major Thompson is accompanied by his wife.
THE KICK IS GENERAL.
The Mongrel Nomination at Frunkfort 18 lieing Severely Denounced.
"When the 200 Tipton county visitors to the Frankfort convention returned to their homes Thursday there was a decided protest agaipst the nomination of Joseph B. Cheadle," says the Tipton Tribune. "Rock-ribbed Democrats emphatically said that they would not support the man who was foisted upon them by a shameful bargain engineered by Capt. Allen, of Frankfort, Judge Davis, of Noblesville, and several other men who have been prominent in Democratic politics and who have been honored by the party. "To-day this feeling has by no means subsided, and a spirit of resentment has been engendered. There are prominent Democrats here who threaten to carry the Cheadle bolt to a further point and punish those who had a hand in the cowardly sell out. Judge Davis, of Noblesville, who is a candidate on the Democratic State ticket, was on the ground and helped to push the trade along, and his part in the affair threatens to do him no good. "Tipton people are not mad solely over the defeat of Fippen. They were for Fippen first and any straight-out Democrat afterwards. They say that Cheadle is a sorehead. His nomination by the Populists at Veedersburg was received by a trick. The convention was packed by emissaries from the Allen cauip, and the chairman would not recognize any man who was opposed to Cheadle. At Frankfort, Cheadle refused to explain himself, and a resolution asking that he declare himself for the Democratic platform was tabled. He left the fence down, and in the event of his election he is free to betray the Democratic party just as it was betrayed at Frankfort.
That is the way the kickers express themselves, and all the explaining-the Cheadle men can. do will not refute the fact that yesterday's nomination was a decidedly chilly one among many old line Democrats—men who have heretofore voted for anything placed on the ticket. "Year after year Tipton county has gone to district and State conventions and
baB
been turned down by the
smooth men who are always ready to traffic, but the men have returned home and given loyal support to the candidates named. The Cheadle bolt
ers say the time is ripe to give these traders a dose of their own gruel. It is four months until the election, however, and much of this bitterness may not be carried to the voting booths."
OALIPOKNTZ
Junus Allen is building anew house. Walter Johnson is working for John Merrill.
Sam Rafferty is attending school at Valparaiso this summer. Frank Allen and Henry Vancleave traded horses last week.
George Thomas will build an addition to his house this fall. Wint Miller purchased a new buggy at Wingate last Saturday.
Miss Pearl Cowan is visiting relatives in. Boone county this week. John Utterback and 'Henry Long will each build new barns this fall.
John Remley and wife, of Wesley, spent Tuesday at Mrs. Sarah Cowan'6. Mrs. Anna Swank, of Noblesville, visited her mother, Mrs. Vincent, last week.
J. B. Cowan and family visited relatives in Boone county Sunday and Monday.
A1 Schleppy moved from New Richmond to Mrs. Etta Groendyke's farm last Monday.
The Baptist basket meeting held in Nathan Smith's woods, near Mt. Pleasant last Sunday, was well attended.
Most of the oats in this locality have been threshed but the wet weather had made some of them sprout in the shock.
Stebbin Quick died at his home a few miles southwest of this place on Thursday, July 30, after a long and painful illness. The funeral took place on Saturday, Aug. 1, at 3 o'clock at Liberty church. He was a man respected by all who knew him and he leaves many friends to mourn his loss. 1'InE BLDPF"
The aiek are improving slowly. Harve Morris finished threshing oats last Monday.
Mrs. Flora, of Mace, and Mrs. Hipes are quite ill. The roads are lined with movers, gypsies and tramps.
Little John Finch made a flying trip to Yvaynetown last Saturday. The wind storm last Tuesday night did great damage to the corn.
Miss Lillie Foust has returned home after staying two months at R. Finch's. Miss Iva Hutchings is spending the week with her sister, Mrs. Nora Mors.
Rev. Williamson will fill his regular appointment at Union Hill next Sunday.
John Crawford and family of Lebanon, spent Sunday evening at Frank Foust's.
Miss Dora Mart ID, of Kingsley Chapel, spent Saturday night at" Bruce Morris'.
Henry Morris and Emmet Fioch attended the Red Men's pow-wow at Covington last Thursday.
Rev. Gott, minister at Walnut Chapel preached his farewell sermon at the Mace E. church last Sunday night.
A large crowd attended the ice cream supper at Mace last Saturday night. Proceeds for benefit of Epworth League.
Last Saturday was the third annual reunion of The JOUKXAI, correspondents. It was the second reunion for me. Mr. Landis, editor of the Delphi Journal, made a very interesting talk in the afternoon to the correspondents. Mr. Jesse Greene also made a short talk. There was plenty of music furnished all day which was enjoyed by all. A nice dinner was served, plenty of ice cream and lemonade, which was delicious. We hope that »we may all live to meet together in '97 at another reunion. -,.r
POT/iTO LltEEK.
John Pittman and family spent Sunday with Mrs. Pittman's mother, Mrs. Lucy Cook, near Fisher's Crossing.
Wm. Ormsley had the largest yield of wheat yet heard of, 300 bushels from 25 acres, making 25 bushels the acre.
Miss Ellen Cook returned from Battle Ground Saturday after remaining two weeks visiting her brother and attending camp meeting.
Died at Clark's Hill, Saturday morning at 4 o'clock of Bright's disease, James Otterman, the only son of Mrs. S. K. Blue. The deceased leaves a wife and two sons, two sister, a mother and host of friends to mourn his loss. He was interred in the Campbellite cemetery Sunday at 12 o'clock.
If Von Will Use a Little Reasoning
And not be influenced by the claim that catarrh is a blood disease, you can easily prove that catarrh is climatic. Have you not the severest catarrhal attacks during the winter and spring, and have you but little evidence of catarrh during the summer? Yes. Well, this proves it is a climatic disorder, inflaming the membrane of the nasal passages. It is a waste of time and money to invest in blood remedies.' The proper treatment isi a local application, and the most prompt to cure is that popular remedy, Ely's Cream Balm.
That we will sell you
and
WEIndianapolis.
for
Mrs. Jane Hayden is working Ballard Martz Mrs. S. K. Blue spent last week at the bedside of her sick son.
Don't forget the Sunday school picnic Aug. 15th at Potato Creek. The social hop at William Cook's Saturday night was quite a success.
Martin Dukes and family, of Colfax, were the guests of Mrs. S. J. Dodd Sunday.
Roads are in a bad condition. There is plent3r °f work for hands in fixing them.
Uncle Silas Peterson had a bunch of fine cattle killed by lightning Tuesday, July 28.
Miss Bessie Dunbar from Tippecanoe county, spent last week at M. H. Stuckey's.
John Irons and family from Madison township, visited G. D. Snyder's family Sunday.
We will just say to the new scribe that heads his items Potato Creek, "please take another name."
James Morrison and family from south of Darlington, were guests of C. N. Martz and wife Sunday.
sasassssr-
We Want!You to Know
Carpets, Rugs
Straw Mattings
Cheaper than any house in the city. Try us on the next you buy.
Be sure and buy one of our .Large Willow Rockers for $1.90, and a 3^ foot Red Settee for $1.25. Just the thing for porch or lawn.
Would like to call your special attention to the "New Process Blue iUame Oil Stove" which has taken the place of the gasoline stove. Absolutely safe—no smoke—no odor—very simple. Will show you the stoye in operation by giving us a call.
Do you intend painting your house this summer? If vestigate Sherwin & Williams' Paints and Oils. They are guaranteed to be the best.
kindly solicit your trade
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pets, Rugs, Window Shades, Hardware, Stoves, Tinware, Dishes, Mantels and Grates, Furnaces and Bicycles. We will sell you goods cheaper than any house in the city. Come and be convinced of this fact. Resp. Yours,
Zack Mahorney & Son.
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The Carlsbad of America
wish to call your attention to our institution, just opened in Martinsvile, Indiana, a beautiful city thirty miles south of For many years it has given, with its mineral waters, relief to thousands of people, and has become known as the "Carlsbed of America."
The Highland is located on an elevation, surrounded by beautiful ^scenery, seen from its many balconies. Everything is new, handsomely furnished and gives all the modern hotel and other conveniences. It is lighted by gas and electricity, heated with steam. The floors are easily reached by an elevator and broad stairways, so that, invalids and people unable to go 'about can reach each room with ease. For
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J. H. WOODBUKX, M. D., EUZAHETH STONTKNIIEKV, M. D., Assistants.
A Big Show Coming
Always attracts attention. Different with business during dull seasons. For that reason we are offering
Breaking Plows, Wheat Drills, Star Wind Mills, Tanks, And Ail Kinds of Pumps
Cheaper Than Ever Before.
If you intend buying any of these articles this year 3'ou will regret not seeing our line, which we consider perfect.
HOULEHAN
6t
Pigs, Pigs, Pigs, Stunted Pigs.
As well as your favorite pen of pigs should have a pig powder. Keeps them in good condition wards off cholera don't cost much. We have made it for years and we know it is good. Twelve pounds for a dollar and worth three times the price to your hogs. Small amount at a feed. We buy Ginseng, Yellow Root and Beeswax.
so. m-
anything in Furniture, Car
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