Crawfordsville Weekly Journal, Crawfordsville, Montgomery County, 23 October 1896 — Page 8

3 Cut Glass

and-

••i

Sterling Silver

Cut away down in price until after election at the

Corner Jewelry Store

C. L. Rost

iy 0

Dr. H. E. Greene,

Practice Limited to Diseases of the

Eve, Ear, Nose and Throat,

'UFFICK UOCIHS— Joel Block, 0 to 12 a.m. Cru wfordsville, 5 to 4 p. m. Indiana.

F. B. GONZALES, DENTIST

Office 13ii East Main Street.

Over Host's Jewelry Store.

Time

The time is now here to buy your winter footwear, and the place that offers you the most advantages ought to attract your patronage. We claim to offer the fol-

1

lowing advantages over all com--)f. petitors: 1st. Larger variety to choose from. All sizes, all widths. 2d. The newest and best styles bought direct from the leading -manufacturers. 3d. Lowest prices. We buy for cash in large quantities and direct from the makers.

Think over these things and coir.e and see us before buying.

N

W. Thurston.

At the Old Kelly Shoe Store.

He pairing a specialty.

FUR ROBES.

JJ have just received direct from the factory the largest line of Fur Ilobes ever brought to the citv.

Tgitick Fur Uobes, 1'lush Lined... .SO 00

-^Satural Black Fur Robes, Plush Lined 5.00 ''Feit Lined, Rlack Fur Robes 3.00

•Felt-Lined, Gray Fur Robes 3.00

sPlush

Lined. Gray Fur Robes 5.00

'•^lie-best ITaney Fur Robes ii.00

115 N. WaKhinirton St.

Estate of Catharine C. Maher, deceased. OTIOE OF APPOINTMENT.

Notlco is hereby plveu that the undersigned lias b&en appointed und duly qualified as Administrator of the estate of Catharine C. Mahcr, late of Montcomery county. Indiana, deceased. Said estate is supposed to lie solvent. CHARLES A. MILLER,

WEEKLY JOURNAL.

ESTABLISHED IN 1845.

FRIDAY, OCTOBER 23, 1806

PERSONAL MENTION.

Short Item* Relative to the CoinliiRK »nt1 Goings of CrawfordBvitle People and Their Prieniln.

—L. A. Foote has returned from Indianapolis. —Mrs. L. C. Reeder is visiting in Waynetown. —James Harris and wife, of New Ross, are visiting their son in this city. —Mrs. Hertha Richmond, of Jamestown, is visiting M. 1?. Richmond and family. —Mrs. Livengood and daughter, of Covington, are visiting Frank Ilutchings and wife. —Mrs. Elizabeth Naylor Brier, of Spokane, Wash., is visiting her sisters, Mrs. Sarah J. Naylor and Mrs. Andrew Hay, 401 east College Street, —Messrs. Bert Kaul and Brown Brockenbrough, Miss Lillian Taylor and other of Lafayette, were in the city Wednesday enroute to the Shades, where they will spend a week.

~T0TE~0F 1894.

Montgomery County liy Precinct* on Secretary of State—Cut Thin Out.

The following is the vote as cast in 1S94 on Secretary of State which will be valuable for reference in the present election. Cut it out:

.. ..-r

Place

and

For Eveirything a»-«oe-«

4

Kipley

14

Administrator.

Dated October 21, 1896.—3t

FOB sale bills see THE JOUKNAL CO.. PHINTKES.

•VORIS

li20-322

Secretary of Statec. 0

TOWNSli IIV .J S 03 _o

'tr. a

0 CJ a 0 O

•j

Union... 1 rtl 110 .-.1 2 2 81 80

118 76

2 0

7

•1 78 101 1 I ""ii 5 110 90 1 6 113 98 41 2 00 157 I 4 75 130 1 1 3 9 100 99 3 :i

10 00 121 4 11 113 110 2 5 12 06 137 3 13 73 149 4 14 08 77 3 16 15 76 79 I 3 16 03 113 8 10

Drown 1 121 93 (i 2 67 138 "5 —7 3 52 109 3 16 Clark 1 87 71 0 0 0 141 85 3 1

4'

3 118 129 3 4

Coal Creek 1 99 111 ...... 11 2 126 91 4 3 126 00 ...... Franklin 1 83 120 7 2 92 154 6 3 82 40 2 "2 Madison 1 93 128 10 6 0 77 107

88 6 1

77

Kipley 1

107 46 1

2 104 91)

Scott 1 95 74 2 1

Scott

2 79 68

0

Su^ur Creek 1 54 75 3 ""2 2 46 93 4 Walnut 1 2

71 73

90

0 ......

121

3 52 72 1

Way no 1 100 55 1 1 0 106 60 2 4 ii rtO 57 2 5

Total 3636 4090 120 127 Plurality 403 How to Vote.

At every election since the adoption of the Australian system many ballots have been cast aside and not counted for the reason that they were not properly stamped. It is not a difficult matter at all to vote under the Australian law. If the voter desires to vote the straight ticket he simply stamps in the large square at the top of the ticket he wishes to vote. That will count one for each of the candidates beneath the square. If he wishes to vote a scratched ticket he should not stamp within the large square, but stamp the small square to the left of the name of every man for whom he wishes to vote. By following these instructions voters can make no mistake.

From Secretary IVindom's Last .Speech.

The quality of a circulation is even more important than the quantity. Numerous devices for enlarging credit may, and often do, avert the evils of a deficient circulation, and a redundancy may sometimes modify its own evils before their results become univorsal, but for the baleful effects of a debased and fluctuating currency there is no remedy except by the costly and difficult return to sound money. As poison in the blood permeates arteries, veins, nerves, brain and heart, so does a debased and fluctuating currency permeate'all the arteries of trade, paralyze all kinds of business and bring disaster to all kinds of people.

How many hours a day, at cents an hour, Mexican style, would an American workingman have to work in order to own liis own house? That is a free silver question.

6c

DEALERS IN

HARDWARE

-Successors tc-

Joe B. Pistier.

COX.

S. Washington St. Crawfordsville, Ind.

RAID ON WAGES.

GOLD DOLLAR BUYS TOO MUCH. SAY PROMINENT SILVERITE S

Senators Jones and Teller Would Reduce the Purchasing Power of Wages to Help Manufacturers—Boies to Help Dig Fanners—Other Silvcrite Authorities Agree

That Our Present Dollar Is Too Good For the Wage Earner*

If any wape earner thinks that free coinage at 16 to 1 would not reduce bis actual wages and that it is not intended to do so by leading silverites, he should read the following quotations from speeches and letters of some of silver's warmest friends. Bryan is more guarded in his language than somo of his friends, but- ho virtual1^ tolls tlio workingmen of the country that their wages are too high when he tolls the western farmers that cheap money, and consequently higher prices, will help them to pay their debts:

The solo object of remonetizing silver, as I understand it, is to secure a cheaper dollar with which to measure and regulate prices. Our present £11 dollar is too valuable its purchasing power is too great it will buy too much.—Senator J. K. Jones, Chairman Democratic National Commit tee.

I am confident that we shall very soon hear from the great industrial interests of Christendom, now threatened, as never before, by the competition of the silver using countries, especially tho Asiatic countries, or what has been properly called "the Asiatic peril." This competition cannot bo met by tariffs and can only bo overturned by a chango in the monetary system that now is giving to Asiatic manufacturer.s a bonus of such magnitude as to render competition with them on our part impossible.—Senator H. M. Teller in New York World, Feb. 15, 1806.

I have myself in this state two farms, paid for largely with money I have earned as a lawyer. One is a farm of 2,500 acros of land, and die other contains 1,000 acres. "With the present price, of labor and the present price paid for farm products 110 man in tho world could take either of theso farms, even if I should present (hem with the ground, and inako a dollar out of it. A farmer who works himself and is assisted by the labor of sons and daughters could mako a small farm pay, but

farm is profitable when conducted

110

011

the basis of a manufacturing business. Cheap and abundant money is the only remedy for this intolerable state of things.—Ex-Governor Horace Boies.

Wages in gold using countries havo, through the appreciation of gold, become a hundred per cent dearer than they were relatively to silver wages, and the manufacturer in the silver standard countries can "obtain his labor at half the cost relatively to gold wages which he formerly paid."—Mr. George .Tamieson, British Consul at Shanghai, 1893.

One of the greatest evils (referring to Mexico) at the present time is the existence of a scale of wages which delies all power of reduction, which robs the laborer of all sense of dignity or feeling of association with the rest of their fellow citizens, and, having reduced them to a condition of abject abasement, deteriorates to alike extent their productive power and the measure of their ability.—Bureau of American Republics (Publication No. 9, 1891).

Tho silver standard is a great stimulus in developing home manufactures, because foreign commodities have to be paid in gold, and, owing to the high rate of exchange, their price becomes so high that it pays well to manufacture some of them at home. Our low wages also help to bring about these results. Senor liomero of Mexico in a Recent Article in North American Review.

It is true that under an era of higher prices fixed salaries will not go so far as now, but now they go too far, and their purchasing power ought to he reduced. These salaries were mostly established before tho hard times set in, and now represent vastly more than was intended when the salaries were created,—Detroit Tribune, a free silver paper.

It is true, as you state, that the laborer (in Mexico) gets only half as much from a gold standpoint as formerly, but what has gold to do with the case? Silver is liis measure of values. Ho is paid for his labor in silver and pays it out for the necessaries of life, and he knows

110

difference,

whether his silver dollar is worth from a gold standpoint 100 cents oi* only 50.—H. S. Beattie (ardent silverite), President Board of Trade, El. Paso, Tex.

I am for freo silver because I am in debt, and if we get free coinage I can pay my debts with one-half of what it now costs under our present money standard. And another reason, I employ laborers on my farm. They are the creditors. I am tho debtor. Under free coinage I can pay them with one-half it costs me now, for it will raise the price of products, and I can then hire HIT farm hel» for OO cents a day and pay them in bacon at 15 cents a pound.— James Kitchen, an extensive farmer and stockman, of Grayson, Ky.

Goldhugs In the Wheat.

Goldbugs nmst have got into the wheatfields, judging from the way in which wheat persists in going up while tho price of silver in falling. Tho Bryanites must find some other standard of comparison than their favorite bushel of wheat, and they have not much time left in this campaign.—Boston Transcript.

It is no longer tho 53 cent dollar against which wo contend. It is tho 50 cent dollar, with a tendency toward 49 cents of actual value.

FREEDOM OF CONTRACT.

Absurd and Revolutionary Position of the CliicaRo Platform ou This Question.

Tho sccond revolutionary principle of tho Chicago Democratic platform is contained in its final clauso, where legislation is favored that will prevent the demonetization of any kind of legal tender money by private contract. This clauso is aimed against private contracts whose terms requiro payment to be made in gold. However inaptly the clause expresses this aim, or how it would be possible for two individuals in making a contract between themselves, in which tho public has no concern, to demonetize a kind of money which the law makes a legal tender are questions I will not stop to consider. It is enough to know that tho Chicago Democracy favors a law which will prevent

0110

jpan from agreeing to pay another in gold or prevent tho payee from enforcing payment in gold. Far*- it seems, aro to bo allowed, when u._y xoan soed wheat to a neighbor, to receivo back as good wheat as they gave. Livery men who hire horses and buggies, neighbors who loan implements and tools to another, aro not forbidden to stipulato that tho same articles shall be retuVned to them, or that what is returned to them shall bo in as good condition as what thov loaned, but the man who loans gold either for friendship or hire shall not bo permitted to stipulato that gold shall be returned to him. Tho trail of tho silver producer is over it all. Tho creed of tho silver Democracy or of tho silver mino owner seems to bo as follows:

First.—Tho government shall coin into dollars all tho silver bullion i-jv-^t may be brought to tho mints, and dollars shall bo given back to tho bullion owner.

Second.—The government shall do this work for nothing. Third.—The government shall force all creditors to take theso dollars at 100 cents each in paymeut of their claims, no matter what tho dollars aro actually worth.

Fourth.—Nobody shall be permitted to mako a private contract for the payment of money which may not be fulfilled by tho jiaymcnt of silver.—J. T. Brooks.

The WorkIngmnn*s Point of View.

Tho free silverites contend that free coinage will increase the prico of bread, meat, butter, fowls and everything else the workingman uses.

There is no pretense or possibility of a pretense that it will increase tho wages of tho workingmau in anything like the same proportion, if, indeed, it increases them at all.

The great majority of workingmen work for employers who, like the railroads, must pay their bonds, principal and interest, in gold. If the incomes of their employers must hereafter bo in silver, how are they to pay their obligations in gold unless they cut down expenses either by reducing wages or by dismissing some of their men?

Blood cannot bo got out of a turnip. Wages can only bo paid from earnings. Whafc nnssihlo interest can anv workingman have in voting for a debasement of the currency .which will at the same time diminish the wage paying capacity of his employer and reduce the purchasing power of his wages?—New York World.

When Wages Are Paid In Silver.

GOLDtf-W? SILVESmw

WA

Prices will be marked up at once. When will wages go up proportionately?

A I^uck of Faith.

President Stryker of Hamilton collego, Utica, N. Y., in a recent address, in which he paid his respects to Candidate Bryan as 'the Absalom of finance,' made this among other telling points: "Silver is to "go to $1.^9" upon the election of this day dreamer. Well, then, either the public does not think so or does not think his election possible. Why? Because if it did think it so and believed he would be elected, this same public would be buying silver, and in view of this miracle of a 100 per cent advance would be crowding to have a share in the huge profit."

Tho price of silver continues to decline.

The Crime of 1806.

The "golden" wheat and the "silver" white cotton have united to put about $150,000,000 more of effete Europe's wealth into tho pockets of tho American farmers than last year's crop brought. A national convention of Popocrats should be called at once to denounce this terrible "crime of 1890," which has been committed just as Bryan's tears were melting the hardest heart as ho sobbingly told of the sorrows and tribulations of the farmers.— Louisville Post.

In silver standard countries there are no savings banks and no building and loan associations. This is what serves to account in large degree for the patience with which the people of those countries sul-mifc to tho spoliation and robbery of a depreciated currency. They have so much less to lose from this species of fraud than havo the people of gold standard countries.

labor's Commission to 3Icxico.

Tho report of the commission of inquiry Eent to Mexico by tho Chicago Trade and Labor aswmbly to investigate tho social and industrial conditions that prevail under the silver standard in that country was recently made public.

This commission consisted of Messrs. Maas and Enright, members of tho Chicago Trade and Labor assembly, who were selected with no reference to any predilections on tho currency question which they may havo entertained.

The report is a scathing and unanswerable arraignment of silver monometallism as a currency system. It is a staggering blow to the free silver propaganda that seeks to deceive and betray American labor. Tho revelations it contains area stinging rebuke to the repudiationists who aro endeavoring to persuade. American mechanics that their condition can be improved by Mcxieanizing our currency.

In tho con:forts and necessities of life the Mexican laborers, according to the investigations of Messrs. Maas and Enright, aro down to tho minimum, and in no lime in history could their condition have been more deplorable, or the raco would be extinct. Special stress is laid on the sipnificant fact that the principal inducement offered capital to invest in Mexico is tlin cheap native labor 10 be found and tho absence of all danger of strikes. This fact alone should be sullicient to impel American labor to resist with all its mighty power tho attempts to Mexicanize our currency.

Under the silver standard in Mexico labor is the cheapest commodity in the country. In Mexico "to don the raiment of toil is to wear the garb of servility. Tho toilrr lives and dies a veritable beast of burden and performs his tasks "with the impassive indifference of an automaton."

It deserves tho careful study and consideration of every intelligent American wageworJcer. It is entitled to liis respectful credulity, because it comes not from economic scholars or from dreamy sociological theorists, but from plain toilers, "inured to the hard knocks of tho factory and workshop."

The Cold Dollar Mensured Iy T.ubor.

The proper test of tho value of an article is the labor required to produce it. The test applies an well to the gold dollar as to everything else.

If less labor is required uow to produce a gold dollar than was required in 18(10 or in 1S73—that is, if a given amount of gold will purchase less labor, or if, in oth'T words, wages aro higher —then by tho labor tost, iho only genuine test, 1 he gold dollar must have gone down instead of up.

And no silver advocate has attempted to deny that wages have risen. The senate report on wages and prices made in 1S92 shows conclusively that wages have increased over OS per cent since 1800 and nearly 24 per cent since 1870—in gold.

The purchasing power of wages has increased over 75 per cent since 1860 and nearly 32 per cent since 1870.

The cost of gold, measured by labor, lias declined 41 per cent since 1860 and nearly 23 per cent since 1870.

Taking the cost of gold, measured by labor, in 1800 as the standard of comparison, the cost of gold from 1870 to 1891, the last year included in the Aldrich senate report, has declined as follows: 73 1881 G33 604 1882 &>} .G52 1883 028 .078 1884 044 .085 1885 (12 .712 1886 012 .745 1887 038 .738 1888 033 .719 1880 614 .717 1800 594 1880 COfl 1891 503

187 0 187 1 187 2 1873 1874 187 5 187 6 187 7 187 8 187 9

The labor test confirms the result of the interest test, that gold has not appreciated in value.—Louisville CourierJournal.

What Makes Interest Low.

What keeps interest high is uncertainty. That means lack of confidence. That means low credit and high interest.

In Idaho, Montana and other far west states the average interest 011 farm loans is over 10 per cent. Idaho has had the severest laws enacted against usury, but these have not made interest low. Montana has failed to pay her own drafts. Those who have money to loan are afraid to lend in states where the state itself fails to pay its debts. In the older states where debts never have been repudiated tho interest 011 farm loans averages from to percent. This is because men who havo money to loan believe that they will get their money back. They do not havo to charge high insurance in tho interest for fear they may lose tho principal.

The reason western farmers havo had to pay high interest is that those who had money to lend were uncertain what they would get back. They had been uncertain because they fearep repudiation or debased money. Repudiation by southern states for years kept money out of the south and kept interest high. The free coinage movement at tho west has had the same effect.

When sound money comes to stay, those with money to lend will bo more ready to lend it and roady to lend it cheaper. This is truly "cheap money."

When the last bonds were sold, the secretary of the treasury stated to congress that he could save §16,000,000 interest if congress would say that tho bonds would bo payable not only "in coin," but "in gold." People expected they would be paid in gold, but they wanted to be sure. The difference between being half sure and being sure was $10,000,000 in interest.

It is "cheap interest" tho western farmer needs, not "cheap money." He can get "cheap interest" with sound money, and in no other way.

That is true of all borrowers who need money to carry on their business. —New York World.

FOR envelopes see Tint JOURNAL Co., PBINTKBS.

INGERSOLL ON LAW AND MONEY./'

Ho Makes Clear Some of the Absurd Arguments of the Silverites.

If you can mako money by law, why shouldn't we bo rich? If 100 peoplo should settle

011

an island and form a

government and elect a legislature, they could make laws. And if money is the croaturo of law, there is no reason why they should not bo as wealthy as Great Britain. [Laughter and applause. Law is inexhaustible [laughter], and if you can turn it into money no nation has an excuso for being poor.

Then there is another thing. If the government can make money by law— and I would liko to have some good Bryan man answer tho question—if tho government can make money by law, why should tho government collect taxes? [Laughter and applause.] Let us bo honest. Hero is a poor man, with a little yokoof cattle, cultivating 40 acres of stony ground, working like a slave in tho heat of the summer, in tho cold blasts of winter, and the government makes him pay §10 taxes, when, according to these gentlemen, it could issue a §100,000 bill in a second. Issue th^fcill and give tho fellow with the cattle a rest. [Laughter.] Is it possible for tho mind to conceive anything more absurd than that tho government can create money?

We—and remember It—have to support the government. Government cannot support us. And the idea that the government can crcato money in politics, in linanco, is just as absurd as the doctrine of perpetual motion is in mechanics, just as idiotic as tho philosopher's stone, just as absurd as the fountain of eternal youth.

Ah, hut they say, "What makes gold valuable is that tho law has made it a legal lender," Again, gentlemen, you aro arguing backward. Becauso it was valuable the law made it a legal tender. Making it legal fender did not give it value but, being valuable, tho law mado it a legal tender, recognizing its value. And yet these gentlemen say that it got all its value from tho law making it a legal tender. It is exactly tho other way. Tho legal tender law rests ou the value of the metal. Why is gold valuable? I don't know. Why do peoplo lovo oysters? I don't know. [Applause and laughter.] Why do so many people get idiotic about election? [Applause. 1 don't know. But theso aro facts in human nature. For some reason, or for money, people givo a value to gold. And that value is recognized by tho lawmaking power, and that is all there is to the legal tender act.

ltisiimrclc's Position,

That's right, TJncle Samuel, go ahead and try free coinage at 16 to 1. I shouldn't wonder a bit if it would work all right. Anyhow, it might be the means of forcing Europe to take up bimetallism again. Something should be done right away. Here's Germany, with $107,000,000 worth of silver whoso value is rapidly declining, and I don't see any prospect of Europeans ever coming to tho rescue unless you first try the experiment.

Kicking Against the Pricks.

There is

110

doubt of the forceful and

magnetic quality of Mr. Bryan on tho 6tump. He has a wonderful facility for making things appear what they aro not. He can, as the Irish say, "talk a bird off a bush." But who can contend successfully against facts? Mr. Bryan would have us believe that depreciating prices aro due to depreciated silver and appreciated gold. Ho has been harping on this theme ever since he was nominated. But the markets givo him the lie. The following figures showing the course of prices are more eloquent than a hundred Bryans:

Wheat. Cotton, Silver, Bushel. Pound. Ounce. Cents. Cents. Cents.

July 9 03% 7 68% Oct. 17 81 8 65}.^

Incrcaso 17% 1 Decrease ....

As wheat goes up silver goes down, and with it go tho hopes of the repudiationists.

Free Silverite logic.

Yesterday's World had a clever cartoon whose idea is applicable to the discussion of the currency question. It represents an aged farmer and wife driving their old nag at its topmost speed, which is slow at best, and the farmer is represented as saying: "Why, she's going a mile a minute. All I had to do was to Eet the mileposts closer together." All the dairymen have to do is to make a quart half its present size to double the yield. When bushels are cut in two, then tho United States grain product will be twieo as much. That is tho way the freo silver peoplo propose to make more money.—Utica Press.

Are you insured? Free coinage would cut down tho value of your policy onehalf by making the policy payable in 50 cent dollars instead of 100 cent dollars, as now. Have you any money in the bank? Free coinage would reduce the Value of it one-half for the same reason. Do you draw a pension? Free coinage would diminish the value of it one-half, again for tho same reason. Free coinage would take away one-half the value of I all tho money you received.