Crawfordsville Weekly Journal, Crawfordsville, Montgomery County, 9 October 1896 — Page 8
THE
Novelty
unci
Campaign
Buttons
:At the Corner Jewelry Store are the attractions of the town. Call and see them. Special attention given to fine Clock, Watch and Jewelry repairing-,
and fitting of spectacles.
THE CORNER JEWELER.
Dr. H. E. Greene,
1'ractice Limited to Diseases of ttio
Eve, Ear, Nose and Throat.
JJFFIC'E IIOrilB— 9 to 12 a. ill. 2 to 4 p. m.
JooI Hlofik, Urawfordsvlllc, 1 ndlii riii.
F. B. GONZALES,
DENTIST
Office 131 & East Main Street.
Over liost's Jewelry Store.
G. W. Peyton, District Agent
you 'ci 11:—
Union CcntTal Life Insurance Company,
Invites you to rail and Investigate those GUARANTEED POLICIES. Nocstimates. You know exactly what, you are buying. 107 N. Green St.
Albert W. Perkins AUCTIONEER.
Stock Sales a Specialty.
All inquiries 1)3' muil ur telephone -57 ivill receive prompt attention. OfTice with
A. S. CLEMENTS,
••".107 K. vi-rcen St. Crawtordsqille, I rid. P. S.—Mr. Clements will receive orders and arrange for sales.
Time
Place
and
For EverytHing
The time is now here to buy your winter footwear, arid the place that offers you the. most advantages ought to attract your patronace. We claim to offer the following advantages over all competitors: 1st. Larger variety to choose ..from. All sizes, all widths. 2d. The newest and best styles "oought direct from the leading manufacturers. 3d. Lowest prices. We buy for cash in large quantities ami direct from the makers.
Think over these things and --joine and see us before buying.
00-»
J. W. Thurston.
At. the Old Kelly Shoe dtore.
-Repairing a specialty.
EORSEypiED
One car-load of Horses wanted for the Eastern market, from 4 to 9 years old, weighing from 1,000 to 1,500 pounds. Must be sound and of good slesh, for which I will pay the highest market price in cash. I will be at the stable of Insley & Morse on Friday and Saturday, October 16 and 17, 1896. If you wish to sell at good prices bring on your stock.
Samuel Potteiger.
Rublic Sales
Thursday, Oct. 22,
M. V. Sidener & Co. will sell at the "residence 2 miles south of Crawfords--ville on the Crawfordsyille fe tlreencastle pike, 00 head of fine Jersey cows aDd calves. 1 3-year-old Jersey bull and 2 1-year-old bulls. Col. A. W. Perkins, avctioueer.
WEEKLY JOURNAL,
ESTABLISHED IN 1845.
FRIDAY. OCTOHEIt 9. IH86
A LESSON ON THE DOLLAR.
cn
dollar
nian
laun
iienjaui
HARD KNOCKS FOR BRYAN
REPUDIATOR REPUDIATED BY NORTH, EAST, WEST AND SOUTH.
Three of tho Critics* Aro Democrats! Itead What Senator of Vermont, rourlc« Cdcknui ol New York,
General Palmer of Illinois and Senator Caflery of Louisiana 5ay oi tho Uryan 1'oliey.
The Norih.
By Senator IMmumls (Hep.) of Torment. There is no place, happily, in this republic whoro a lino can bo drawn between the rich and tho poor. There aro no "classes" of any kind, either of title or situation or wealth.
The Chicago project is not and cannot be aimed at tho pulling down of the rich and the building tip of the poor it is aimed at our system of true freedom, equality and justice that reaches from tho richest to tho poorest man in the country and if carried out it will operate—as such schemes always have—a hundred times more severely upon people of small means and upon labor than upon (ho very wealthy, who aro always able—as they always have been—to take care of themselves under any condition of tb.ings. The substantial] prosperity, therefore, of the whole body of the people of our country, as well as its honor, require us to unite in condemn-j ing and defeating this scheme by tho surest means in our power.
Tin- ICiist.
IJy I?ourl Cork ran (Hem.) of Now Yorlc. We who love our country for that which she has been wo who glory in her for what she is we who cherish her for what she will be, here and now part company with Mr. Bryan and tho Populistic honie that nominated iiim. The Democracy of his country, whose cardinal faith is confidence tho capacity of tho people to mauatre their own affairs, will never admit the failure of our con-' stitntional system. We can have neither part nor act with a candidate who pros ecutcs a camnaiyn on assertions whicn I are a libel upon the splendor of our prosperity, upon the glory rf our achievements. upon tho virtue of our people,' lho patriotism of our citizens, tho sue-' cess of our government the majesty of our republic.
The West.
Hy General I'nlmcr (l)ein.) of Illinois.
The real expectation of the great body of supporters of the free coinage of silver, and one in harmony with the experience of mankind, is that the unlimited coinage of silver would give to the country a depreciated and cheaper dollar, which would enhance nominal values and be used in the payment. of dents, but would be attended and followed by the ruin of all industries. the destru'-iion of public and pri vate credit and irreparable mischiefs.
Manv of our associates, deluded by deceptive sophistries, aro supporting a coalition which disavows the traditional faith of the Democratic party. The best we can hope for them is that they may bo defeated, and, when defeated, they may return to the safe paths that they have heretofore trodden.
Tlu» South,
By
Senator
CnfTory Iem.) ot
Louisiana.
You and the public know the deadly thrusts made in the Chicago platform at the supreme court, at the president's power to suppress not affecting federal property or authority, and at freedom of contract. You and the public know of the attack on the public credit and honor, on tho present monetary standard and the threat of unlimited issue of paper money by the government. The world knows them and is amazed at them.
No nation has ever been led by government in defiance of commerce to adopt measure of values and a medium of exchange. While, silver may answer the needs of an effete or nascent civilization, it would not. answer the needs of tho most progressive and most energetic race on the globe—the America of today.
A LESSON ON THE DOLLAR.
Keep the credit of the government untarnished above all else. Keep the currency up to the hiuhest standard of civilized nations.—William McKinley.
Gist of the Democratic Platform. Down with tho national government down with the supreme court down with national banks down with national credit down with statesmen and statesmanship: down with tho wisdom of the fathers and the traditions of the past hurrah for "states' right" hurrah for repudiation and dishonest money hurrah for free coinage of the world's silver at our expense hurrah for panic,
THE FARMER'S REAL GRIEVANCE*
Not a
TJICU
of Money Iu the Country, but
of Banking Facilities In Country Districts—Mr. Shearman's Proposed. Item* cdy.
Why has Canada no currency question, no cry for cheap money and no campaign against gold? These are questions which Mr. Thomas G. Shearman answers very effectively in tho London Times of Kept. 11.
Briefly summarized, Mr. Shearman's explanation of tho diScontont among farmers, which has load to tho ridioulous demand for free silver, is that, most farmers in the west and south are deprived of the benefits of bauking facilities. They seldom see or use a check and are unacquainted with the benefits of banks and bank credits. For this reason there is a great scarcity of currency in most rural districts. Tho "country store" supplies in pr.rt and in a crude and costiy way the credits which tido many fanners over from ono season to another. Because of the great risk involved, the storekeeper, by charging high prices for his goods and by paying low prices for f'nrru products, really gets from 25 to 40 per cent interest on tho credits given to the farmers. Of course such interest eats up all of the profits of a largo class of farmers.
The country storekeeper really docs a banking business in a clumsy and costly way. Local banks, such as exist in Canada, would furnish the farmers with credits at about one-fourth tho cost of store credits. With such banks tho farmers could sell their crops for checks, deposit them in banks and take up their discounted notes in this way. The farmer knows nothing of this method of conducting transactions and thinks that his needs can be supplied only by making moro money—cheaper money if necessary.
Tho farmers, therefore, mako no efforts to obtain better banking facilities. Instead they work and vote against banks and bankers at every opportunity. They tax money ai?d other loanable capital at 2 or 2/j per cent while demanding that interest be reduced to 2 per cent. They thus drivo away the very money they arc so eager to get. In some sections of tho south it is 50 or 75 miles to the nearest bank. They prohibit branch banks, such as exist in Canada and Scotland to the great advantage of remote country districts
The farmers themselves are tho greatest enemies to what is most needed in their communities—first class banks of deposit and discount. Mr. Shearman makes this point clear. He says that Canadian farmers "have suffered from the fall of prices and from very other alleged result of the single gold standard tatlie .same extent as the farmers south of them. Yet thero is no bimetallic league in Canada, and tho erv for cheaper money is not heard. Canada has not only enough money to supply all of her own wants, but also lends such great amounts in the United States that jealous American bankers sometimes try to shut Canadian money out.
Mr. Shearman sees what too few seem to sec—that tho farmers have a real monetary or currency grievance. He has indicated what is probably the only way of giving relief. He oilers something positive. That tho fanners are not willing to lake tho only remedy for their ills and prefer the quack free silver and cheap money remedies only prolongs their sufferings and makes a rational solution of the money question more difficult and uncertain.
Which? Which?
In communities where wngeworfcers predominate Mr. Bryan continues to deny any intention of cheapening tho dollar. He knowf and they know that this would mean diminishing by onehalf the purchasing power of wages and reducing by one-half tho value of all savings, insurances ami loans. And so ho pretends that free coinage v."ill increase by nearly one-half the prico of silver and make a silver dollar worth truly as much as a gold one.
But in the west and in farming communities Mr.- Bryan waxes eloquent on the need of a cheaper dollar to increase the price of farm products and enable the farmer to pay $100 of debt with $51 in silver. Leading silver advocates at tho west have repudiated Mr. Bryan's idea for eastern hearers only that free coinage will increase the price of silver to $1.29. They say flatly that such dollars would be af: ,« as gold. What they want is a dollar worth only 51 cents.
Which dollar does Mr. Bryan really want? He cannot have both. Which i:i to bo bunkoed—tho workingman or the farmer, the mine owner or the debtor? Which?—New York World.
Why Capital Is Timid Today. There is capital enough for every legitimate business enterprise, and by the processes of credit it can be multiplied indefinitely, but it cannot be set at its work so long as men fear that it will be suddenly cheapened in the using. Capital brings no return to the owner unless he somehow puts it at tho service of the community, but the tempting lure the lenders follow is profit, and when the risks are great the profits must also be great. Remove the thought of risk, and hoarded capital will be set free, mills will start up, railroads undertake extensions and improvements and hopeful enterprises commend themselves to investors. As it is, pending the decision of the value of the dollar, no ono is spending, everybody is hoarding. We livo from hand to mouth, with tho machinery of prosperity idle at our doors.—Boston Cougregationalist
Tho llargain Counter Candidate. "Some of the reports say that the women went wild over Bryan at different places along his route," remarkel tho horse editor. "That's natural," replied the snake editor. "He is the bargain countcr candidate." "How so?" "He wants to mark tho dollar down to 63 cents."—Pittsburg Chronicle-Tel-egraph.
A LESSON ON THE DOLLAR.
epubliean partj
stands for honest monej chance to earn it. toil.—William McKiulcy
It.
W Defraud
WHJJO
-ICarncrfw
Have wage earners thought of this, point in the silver question—that, with free coinage, tho value of the dollar paid them would bo fixed by the cor:t of production in foreign countries where wages range from one-lialf to one twelfth as high as their wages? There is no tariff on silver and, as Mr. Bryan is an extreme free trader, it is not likely that, he would favor a protective tariff on anything. No one who has thought at all upon the subject doubts that the purchasing power of tho free coinage dollar would soon fall very nearly to the cost of its production, because of tho world wide competition which silver miners would set up for the American coin market. For there would be but ono field where the co.npetition in the sale of silver coin could be carried on to the very last moment, and this would be among tho employers of labor in tho United States.
The legal tender provision of tho free coinage law would compel wage earners to accept the depreciating dollar at its face value and pocket the loss. The payrolls of the United States foot up something like twenty-five hundreds of millions of dollars a year and here would bo an enormous field for the sale of silver coin and certificates and into this field, bidding more and more sharply against each other, would pour the silver miners-- not of the United States alone, but of the entire world and the final value of the silver dollar would be barely above the cost of its production in the country of tho cheapest labor.
Do American wage earners desire that the purchasing power of their ^ages shall be regulated by the cheapest wages paid to the cheapest labor on earth and that the value of their dollar should decline very nearly to the value of lead?
A vote for Bryan and Sewall is a vot for exactly that result.
What Iteeiproeity Accomplished* It is probably irritating to Democratic susceptibilities to mention the fact that reciprocity was a purely Republican system and that in putting an end to it the Democracy exhibited wanton recklessness but the fact may as well be looked in the face.
Put into tabular form, as Major McKinley has arranged it. tho figures arc startling, in 1892. under reciprocity, our exprort trade reached the amazing aggregate of §1.030.27K.14S. Under the threat of free trade the total fell $189,000,000, but our relations with the South American srafes continued to improve ui) ro the time of the abandonnieut. of the sv.-tom.
A case in point of which Major McKinley make use is that of Cuba. From $12,224.88$ iu 1891 our export trade with Cuba rose to $24..1"i7.(«)8 iu 1898 and $20,123,331 in 180-1. Bat iu 1895, when tho treaty was repealed, it fell back once more to :j12,SS7,GiSl.
If the party iu power had deliberately set out to destroy our export trade, it could not have found a means ready to hand more effective than the repeal of tho reciprocity treaties.
A LESSON ON THE DOLLAR.
The ''dollar of our' fathers" was an honest dollar. Our fathers would have spurned a proposition to make a silver dollar worth only ft! cents equal to a Kold dollar worth I'M cents.— Garret A. Hoburt.
BISMARCK'S ADVICE.
'Is It Unprejudiced, and Can Wo Afford to Follow It? Mr. Bryan appears to set great store by the letter which Governor Culberson of Texas has received from Prince Bismarck. The "people's friend" is willing to receive advice from tho "Man of Blood and Iron," and tho "champion of the American farmer" listens to that famous friend of American agriculture who shut tho German ports to American pork in 1884 and to American potntoes in 1S85, and who would gladly have united all central Europe in a Customs leaguo aimed directly against all American produce. Bismarck's rather diplomatic letter is taken by Mr. Bryan in his recent speeches to favor the free coinage of silver by the United States. Tho devotion of Chancellor Bismarck to tho cause of silver may be seen in the following historical fact, which appears to have escaped general notice:
Under his guidance as chancellor of tho empire and minister of commcrcr? for Prussia tho equivalent of 1,080,000,000 marks (over $270,000,000) in silver was demonetized between tho years lS74.and 1881, and over $1(10,000,000 worth of tho bullion into which these were melted had been sold by 1879. In that year, finding that tho price of silver was becoming demoralized, so that his remaining §109,000,000 was depreciating, ho stopped sales by a decree issued in May, 1S79. Those points were frankly stated by his delegates to tho international monetary conference of 1881, when Germany likewise offered to suspend sales for a timo in order that tho price might not bo further depressed. With thoso assurances before, the monetary powers and with tho decree of 1879 still in forcc, Bismarck saw an opportunity of dumping some German silver on tho sly and promptly proceeded to do so. In 1885 tho Egyptian government decided to change its coinage and invited bids for contracts to coin its silver piasters. The German mint secured tho contract to make tho coin and incidentally furnished $3,1S9,600 of silver bullion to Egypt. Tho matter was kept very quiet or escaped general notice. Referenco to it will be found, however, in tho London Economist of Dec. 4, 18SG, which saw in it a proof of Bismarck's lack of faith in silver.
With all his faults, Bismarck is a sturdy patriot. To help the German distiller he was willing to see trichime in every American pig, and to protect the German farmer lie smelled bugs on every American potato. Germany has today $107,000,000 worth of silver whoso value is declining. If the United States could be induced to follow the oxamplo of Egypt and give Germany a chance to do some more unloading, where is the harm, from the ex-chan-cellor's point of view, in writing a letter of not entirely disinterested advice:
The
,0
Demonetization of Silvor.
Silver was not demonetized by a conspiracy nor clandestinely neither have the results been as they are claimed by the free silver men.
Silver was demonetized by Great Britain 100 years ago because it fluctuated, because two yardsticks of unequal length or two bushels of changing quantity is an absurdity, an obstacle to business and commerce.
All the civilized nations have tried the same experiment with the double standard, have found it a delusion and a snare and have come to the single gold standard as a better thing.
The civilized world is now using more silver, has sounder money and lower interest than ever before in the history of mankind.
The attempt to return to the double standard is reactionary, illogical and irrational and will not succeed. Revolutions go forward, not backward.— Madison (Ind.) Courier.
The Dollar of the Constitution. Mr. John Fiske, in his "Critical Period In American History," describing the widespread distress caused by the "cheap money" in circulation just after the Revolution, said: "The worst features of this financial devico is that it not only impoverishes people, but bemuddles their brains by creating a false and fleeting show of prosperity. In such a crisis the poorest people, those who earn their bread by tho sweat of their brows and have no margin of accumulated capital, always suffer the most. Above all men it is the laboring man who needs sound money and stable values.:'
•Silverite Strong: 3I:ui. Just watch tho great Mr. Bryan, tho Silver Samson of the Platte, as ho performs his world renowned feat of raising iho bullion value of silver from 07 cents to $1.29 per ounce with his big "free silver" hammer. My, ain't he stron
VAWIF
^24'°l
.-9 I
(fi 69
0)
Why'Does Not
i\lr.
ftryan Answer?
Mr. Bryan tells the farmers that frco coinage of silver will give, them cheap dollars with which to pay their debts.
Mr. Bryan tells city workingmen that free coinage of silver will raise the metal to $1.29 per ounce, bringing the silver dollar to par with the gold dollar, thus giving city workingmen another dollar as good as tho present ono with which to buy the farmers' products.
That is to say, to tlie farmer tho Bryan silver dollar is to he a cheap dollar to pay debts with. To city labor the Bryan dollar is to be a dollar of high purchasing power to buy with.
Free coinage of silver cannot produce theso two dollars. It can produce only one of the two. Why do not would be supporters of Mr. Bryan ask him which dollar he really means? Both the farmer, who wants to pay debts, and the workingman, who must buy farm produce, are interested in having this question answered.—Chicago Times-Herald.
One Unsettled Point.
An old man who bore evidence of more work than culture approached a representative of a free silver paper the other day in the state library. "Can I ask you a question?" "Certainly." "Well, if wo have free silver coinage, we'll all have more money, won't wo?" "Why, yes, certainly. That's easy to answer." "Well, what I want to know," said tho old fellow earnestly, "is whether thoy will bring it to me or whether I'll have to go after it."—Nebraska State Journal.
If Thirty Pounds of Wheat Made a Bushel, would you have any more wheat, or could you buy any more food, clothes or implements with the proceeds of your crop than you do now?
If 50 cents were a dollar, would your crops bring you any more of the things that vou need than yon eet now?
rft dftn lifrti Ai ifti 4
ARE
You invited to a wedding, und at a loss to know what to buy for a suitable present? If so
YOU
should see the new line of art metal ware, cut glass and sterling silver ware. It will make them glad they're
MARRIED
To receive any article in this line. A fine choice for early callers.
L.W.OTTO.
mi S. Washington St.
pCOMMISSIONER'S SALE OK HEAL ESt'A i'lj. Notice hereby jriven that on or after Nov. 7th, 1890, 1 Will sell at private sale the followidf.- described real estate situate hi Waliiur. township, Montgomery county, Indiana, to-wlt.: The northeast quarter of northwest quarter of section U'4
Also :17 acres oil of the north end of east half southwest quarter of section 23. Also 10 acres oil' of tho west side of tho southeast quarter, and acres oil' of the east side of the southwest quarter of Section 1-1. All iu Township IS, north of ratine 3 west.
TKUMS—One-third ca^h. one-third in nine months, and one-third in twelve months, with interest, on deferred payments at. per cent interest, hecured by mortiareon the premises. 1IOSKA 11. HIsriNK, 10-0-41 Commissioner.
"SIXTEEN TO ONE."
We'll coin tho silver we have got and all that wo can get. We'll make tho."dollar of our dads" a hummer, you can bet. Some say 'twill bust tho country, and the dovil bo to pay. "In God we trust" we'll stamp on it, such luck to keep away. We're silverites, says I. says wo, when all is said and done, And wo'll coin the blooniln silver, boys,
At sixteen to one.
And, furthermore, to sot tho paco and epito the goldbug crew And prove that wo are patriots and show what wo can do, Wo'll copper coin and place the stamp upon our bloomin brass (If wo liavo pot no cents (sense) at all, we've got no end of brass). So brassyites wo are, says I. Just let us make the mun, And we'll coin our bloomin brass, uiv boys,
At sixteen to one.
And with tho iron and steel we find wkerovcr we may rovo Wo'll coin tho lucky horseshoe and the old cracked cooking stove. And when we've cleaned these scrap heaps up, wo'll turn ourselves about And set tho furnaces ablazo and run tho pi^ iron out. Pigites we'll be, says I, says we, and then wo'll have somo fun As we coin the bloomin pig iron, boys,
At sixteen to one.
And there is paper, too, my boys, that may bo n:udo from rags So we may coin our cast off duds and havo
Pome royal jags.
Or wood pulp, too, is paper made so we'll cut our furests down And into shady money make tho shado trees of our town. We're pulpulists or Populists, and if you want so::!o mun We'll stamp thu bloomin paper, boys,
At sixteen to one.
With this "sound money" talk wo hear that now is going round Wo uo agree—at least wo like tho very name of sound— And so wo'll spout and shout, my boys, to win tho voting herds And fill tliem full of promises and words. words, words. Eut words are wind, a,l so with wind, when all is said and done. We'll liquidato our li'oon in debts Vl"
At sixteen to ono.
W. E. S.
Design Tor a ltryan Dollar.
Sam Jones Makes It Clear. Suppose," says tho Rev. Sam Jones of Georgia, "the government owned all the gristmills in this country and congress should enact a law that all corn should be ground by the government mills free and that while corn was worth but 18 cents a bushel the government would stamp the sacks of meal so that it would bring 50 cents a bushel and do this for nothing. It is a very hard matter to keep meal above tho price of corn."
Can free coinage double tho price of the farmer's products without increasing the cost of the workingman's liv ing? Will not paying the farmer's debts with half dollars cheat the creditor whose 100 cent dollars were loaned to him?
Indiana ItsptlKt Convention at lilnfl'ton. For above convention Oct. 13 to 1(3, the Clover Leaf Route will issue one fare excursion tickets from Indiana stations to Bluffton and return. Return limit Oct. 19. Bluffton is located on Clover Leaf Route, three trains each way. C. C. JKNKINS,
Gen. Pass. Agt., Toledo, O