Decatur Democrat, Volume 35, Number 35, Decatur, Adams County, 20 November 1891 — Page 4

• ~.' u _.«l £n&2 y y*S i tfH■‘“Piß iMiCES ; ■ Used In Millions of Homes— 40 Years the Standard __________________________________ 1

©he yenwcrai If. BJOAOKBUXIf, Proprietor. FRIDAY, NOV. 20, 1891. \ TI& BALANCE OF TRADE. Ot all popular delusions none seems rr.ort persistant than that which relates to the balance of trade. Not only uneducated people, but also merchants, bankers ant. capitalists of all kinds, study the retUrnt of our national commerce with other countries with constant anxiety as to the “bal ance of trade” and the “drain of gold.’ If these returns indicate that we are receiving more wealth from froreign lands than we are sending to them, our rich mei trttnble and the learned editors of news papers raise a solemn voice of warning But if it seems that, we are giving to foreigners a lew millions every year in excess of what we receive, everybody is happy Paying, out more than we take in is called a “favorable balance of trade.” Receiving regularly more than we pay out is called jm “unfavorable balance.” Why it should be esteemed disastrous for million people to receive from other naJ’ tls <ixty.million dollars’ wort ot good thh.'gs, without paying anythin, for them, while it is admitted to be a gi eat adt antage to each pne ot the same person, So receive as many good things as he can possibly get, without paying for them, is a vjjj steev which is never explained. If, as a nation, we make a profit upon our for eign trt(3.e, we shall certainly import more than we export just as any American mercbi.'nt, who should seli a caigo ot whe for 0,000 more thnn it cb'.t him, wcul. im„. rttv- '’gh /cocs to t v amount wl..>. ins. w hea<m sr , P lus s lO >‘ J - et lllc vr J merchant who u quid ru his hands w h jtJcj over such a tsftjpiac.ion oi his ov cvw/ld ''C op; reused will apx’’o’.'s glooti il «.i. r sho-ij t-c, tit nt 0..> a the sant« Ijjne, with the same resvits, I cause, iuiscut.hf “the balance of trad swpnld be ss°.oov<;so “against the United S’tates.” I’ne nason, such as it is, is gner tor men ruing over a tuppesed • “adver.-t balance oi trade,’ tlia* i , over iigui.» yrhicb, i. cOrnct. wou.u prove that we ti. fteiu n g giea.et value tb.m i'c gie. i s •'•' the « vc* ssi O1 imp<."ts : dicates tl-c anout to which ear c running into debt.instc of the profit which we are making or .trade. But this will not bear th, Sejgt examination, TM I?7OSt prospered 1 and Wealthy nations ’tl th£ are ex actly those w hich always h? v ® “balance of trade against them.” Tl ' ti ifc^ n ' has had a heavy balance “against” hi every year for over forty years, and du, ing this period she has not only not rm into debt but has inci eased the debts o other countries to her to .an enormom amount.. It is only poor countries, when the people are robbed by their rules, whicl have a steady “favorable balance of hade.” For it is only people who are robbed o swindled who go on, from year to year giving to foreign nations more than thei get in return. * ’ Last vear, ending June 30, 1890, we received from Brazil goods to the value of $47,000,000 in excess of all which we sen there. A distinguished statesman grave ly declared that this meant that we hat actually lost $47,000,000 on our year’r trading with Brazil. He therefore urge< tl e absolute necessi’y of increasing ou> trade with Brazil. Butin the same year w< . sent to Great Britain goods to the value c $261,000,000 in excess of what we receive, from,her. If we lost $47,000,000 by trade ing with Brazil, we made a clear profit o 261,000,000 by trading with Great Brail aim \et that same statesman has don, everything in his power to persuade ov> people to cease trading with Great Britan and to force our trade towards Brazil ano other South Ameiican countries, where. he pretends, we now “lose” such vast sums. Ihe tilth s, of course, that we neither • lose not gam either of these great amounts We import, din 1891 from Brazil, the West Imbes, the Hast Indies, and a fe« other countries, goods to the amount of $261,500,-00 in all that we ex-ported-to them. We exported in the veri same year to Great Britain goods to the amount of $261,400,000 in excess of a’.’ that we mported from her. -British merchants sent, to Brazil, th two Indies and t e other countries whi- were our creditors. Brit'sh goods to this amount, thus getting the British deb* to us by paying our debts to other com, tries. This precess w ent on evr ry da; in the year; so that Great Britain always owed us just about as much as we owed all other coun t'ies put together, and was always paying her debt, as fast as it was incurred, to paying our debts for us. It seems to be commonly supposed that, when we buy from countries like Brazil millions more than we sell to them, we piv them the difference in gold or silver Biit we do nothing of the kind. We send only a few dollars to Brazil. While we bought from countries south of us sll2 - 000,coo more than we sold to them, v e Were so far from paying them in gold or silver, that we actually received fiom them aboot sl2 000,000 more of these than we sent to them. These immense sums are never p ‘d i 1 money to any important extent. Rough’y speaking, we ship mcichandise, such. 1 s ’ cotton, grain, provisions, etc., to the value t 1 •Ji -

. >f nearly $16,000,000, every week mostly *0 Europe, and especially to Great Britain We import about the same every week mostly from other countries than Giea Britain. More than nine-tenths of al this commerce is settled for us by Londor bankers. Our merchants draw bills ot ex - ■hange on London for about-$15,000,00* every week. Not one in a hundred oi these bills is eyer paid in gold or silver Nobody ever wants to collect them in this way. These bills are sold in Nev 1 York to London bankers, who find wh. ■ * these bills reach London, that agents o) Brazilian and other merchants stand wai' ing, holding claims against Americei. merchants for $15,000,000, and anxious ti buy British goods in exchange for thes< American debts. So the British mer chants, against whom Americans havt drawn these billls, arrange through London bankers to give our creditors $15,000 000 worth ot British goods; and thus without the payment of a dollar in actual money, the British debt to us is paid bj - delivering British goods in payment of our debt to our South American and 1 other creditors. Thus, week by week, al) i these vast transactions, amounting to '• $800,000,000 in a year, are settled for us in London, generally without the use of s as much as ten cents in actual cash foi 1 each hundred dollars in value. This process, which goes on continually in Lon ion, is what is called “clearing,” and i 1 is for this reason that. London is justl. 1 -. aid to be the clearing-house of the work ■i We read about great foreign loans made by England and we often imagine thut s such loans are made by English bankers sending abroad great sums of gold or t silver. But this very seldom happens; to - seldom that, whenever it does occur, the ~t is specially cabled a.l over ihe w> .s someirnr.B very startling, ai d mui. ig danger. More than nine tenths 01 y fn.se .oaiis arc made by sending Bria h uu.de goods to ihe amount of the loa .V’i.er. we read oPßiiush capital being in if vested here, it always means that Brin to that amount, in addition to wl ai . would oti.e. wise ccinoy will be sent hen. .1 .s impossible that Bn.ain should sei ? ..y capita, inroad in the foim ot go icCsiise she has msne jp her soil. The r sn > such thing as British geld- It is al .merican or Austialian gold, which h . >e.-ii sent to Britain.. It is sail that a f u ces, n gold have been discovered 1 •Vdles; .but ,p>e>e is not enough na i rit.sh gold io fill th. ; <4U».-er<’s teacups It may be infe red ffom all this that 1 ~ ou.'d be a gland thing for thjs country ihe balance of triple cou'd be heavil • against us” the Ume; that js that w< should continually jeater value 10 us than the value of al ( that we export. For, if such were invau ably the if would mean that we wei ma' SnK ’S rea > profits upon o. foreign trade. Aft “adverse balance” c a t ear upo.? ° Ur P resent CO!ri ’ nerce wc uld mean an average 0 ten per cent., which is probably tco goo. obe true. Fortunately for us', no mattei • what the official returns may say, we d not now import more in valve than we ex port in nine years out. of ten.-? And with rare axception, it will be found that thbalance of trade has beeu “adverse” to us in every year in which we have been deI cidedly prosperous. But official returns ot trade are far from correct; aud they generally understate the amount of the “balance against us.” Im migrants and returning traveler’s bring in many millions’ worth of good things, 1 which no record is kept. There are strong inducements to undervalue imported goods, wnile there are no similar inducements to undervalue our exports. Th profit made by the consignors of foreign goods never appears in the returns; .but that profit is part of the value of the good, to us. On the other hand, the statements of our exports are very carlessly made up there is no particular motive for fals' statements, but also no particular induce ments for painstaking in such matters. Each exporter puts his own estimate on the valne of his goods; and this is mort often too high than too low. It is a comfort to know that, no matte" what “statemen” may say or do, or Jhov ignorantly even merchants and banker, may talk upon a question which thev ought to understand, but rarely do, th--of trada will forever be ‘*agains us’’—in other words, we shall always get, in exchange for what we give, something which is far more Value to us than, what we gave. We shall not, as a nat or cease, to make a fair profit upon our deal ings, simply to suit the owlish wisdom o r small men in high places. Thomas G Shearman, in New York Standard. Does the ic!ea ever strike our ■ farmer friends that every reduction 1 of washes made by manufacturers, made rich under high protection, is a direct blow at the farmer? The 1 smaller the wageti ot the mechanic, the less will be his consumption o ? 1 farm products, from the fact that 1 he will not have the money with which to purchase it. 1 The Republican who can find i any thing to rejoice at m the result t of the late elections—all the states 1 taken into account—would have no t difficulty in discoving a full eet ot 1 double teeth in the mouth of an- 1 liquated hen. j | '• b irti: .'l'’ 'rf- ' >•

1 M.TZ.VZ.i’r PEICBS. Aocoii’ihg to tne local organ of the Harrison administration, the Democrats have stopped talking a ■ >ut McKinley prices. It is not web informed, in his speech at ixiwrence the other day Governor Russell, of Masschusetts, read a list of 122 articles on which prices have been advanced under the MtKinley bill 25 per cent above the average prices last year. This list, prepared from the records of one of the largest retail houses m Boston, including gloves, lace curtains, upholstered furniture, woolen dress goods, flannel wrappers, plush gargarments, pearl, vegetable ivory, braid and crochet astrakhan doth, corduroy cloth, silk plush, etc., underwear of various kinds, corsets, scissors, pocket knives, domestic woolen blankets, quilts, spreads, mobair braids, laces, neckties, foreign umbrellas and parasols, cotton and linen handkerchiefs, serge and satin coat and sleeve linings, foreign and domestic waterproof cloth, etc. In his speech at Lowell on Saturday last, Governor Russell supplemented this list with another list of 127 articles made up of manufacturers of iron and steel, tin-plate, glass, lead, groceries and other articles, showing the advance over last year and this in thu market reports of the Iron Age, the New England Grocer, the Boston Advertiser and other papers. From the Carpet and Upholstery Trade Review he showed, by comparing the market reports of September, 1890, and 1891, an advance of from 3 to 15 per cent, id carpets; The great majority of people di not keep itemized househould accounts, and consequently, they forgot the exact figures ot last year’s prices on hundreds of articles they bought last year. This forgetful ness is what the Republicans court on in their brazen claim that th mtrageous increase in the taxes < manufactured imports has not a< vanned prices, jn buying a dollar’s worth of cloth at 11 cents a yau. when l cost only 10 last year, tin ;onsumer does not notice that th< 1 is an increase of 10 per cent, in thprice. On a single transaction 1 appears trivia), but by taking a nickel here and a dij&e there, a quarter to-day and a dollar tomorrow ou the hundreds of purchases a family must make in the course ol -.he year, the McKinley bill gives its favored corporations an opportunity to accumilate frops the peoph in the course of the year millions of dollars for whloh * equiyalenl is not given. McKinley prices are at least 4i per cent, above fair prices. With free trade in quinine a dollar buys over times as much as whei there was a .monopoly tax on quinine. And when the Republicans made raw sugar free in putting up the taxes on manufactured goods, the immediate result of free trade m raw sugar was an increase of six pounds, or over 40 per cent., in tb< retail dollar’s worth of raw sugar. McKinley wants the America? people to quit discussing the tariff tax tor a season. On this point h<* will not be gratified. His electior means the continued robbery of th* 1 people by his too high tariff tax, so far as his party can controll it. Th< monopolists elected him governor. They had to. He would be too happy to repay them if he could get the people to let the robber tariff tax alone. That eminent statesman and rain producer, Uncle Jerry Rusk, advocates the placing of a duty on hideous a punishment tor the Massachu setts shoemakers beause they voted for Gov. Russell on Tuesday. Ttu* Wisconsin thunderer forgets that th« power of placing duties on any thing was taken away from his party in Novenmber, 1890, by an indignant people. Five hundred men employed in a Pittsburg iron industry were compelled -o submit to a cut in their wages following the election. This is not in accordance with the promises of the McKinley bill, but McKinley victories come high and the expense must be met in some way. The ' Republican goose is not hanging high for Mr. B. Harrison’s renomination at present. Io fact, the Republican party seems to be rapidily reaching the couclusioai that its interests will be promoted il by his early re turn to hie .employ j ment as an Indianapolis corpora-! tiuu lawyer. <’ j

.JJI—U-MU, a... . ~x Hoop Poles —WANTED — The undersigned will pay the highest Cash Prices lor Hoop Poles of the following kiniu md sizes: Hickory Tights and Double Tights, 7M to t feet long. W hlte Oak Tights and Double Tights, to 8 feet long. Hickory Flour Barrel Poles from strong onedalf inch thick at top to strong 6% to 7 ft. long Flour Barrel Poles should be smooth bark. •Tolxxi Blocher. Deliverd at Christen’s Planing Mill Deoatui Ind 25tf SOllUM! —BY J. S. BOWSES, The Leading Hardware Man. Here is a line of Goods that are no humbug, and in endless variety. num tuM And a Full line of All Kinds of Stoves. He has also a full stock of New Home Sewing Machines AND HARDWARE and building material. Will sell as low as the lowest, and give good Goods that have been tested and have proven a success and are no humbug as many tarmug implements are. Cattle Dehorned.J Stock Men Attention. A. J. Bargahiser, the noted Cattle Dehorner is here for the purpose □ of doing work ot that kind. • Uli Work Guaranteed Do not employe Inexperienced parties to do vour work who use butcher’s saws, tenet or some old rip saw, which will cause son heads and stub homes. Years of experlenci have taught the undersigned that dehornini must be done in a scientific nTanner to insure success. I use the latest improved method in •securing the cattle to be dehorned. I■' ■ ■ I GUARANTEE NO INJURY! As my instruments, used in the operation, .ire of the best material and made expressly sos tyg purpose. ■' ■■ ■' • • Terms Reasonable, Leave all orders at the livery stable of Peterson & Fritzinger, Decatur, Ind. I will be at Decatur until after December, 15, 1891. <3 AU orders must be in early to secure prompt attention. For further information address me at Willshire, Ohio. A. «l. Bargehisr. BE A MAN APOLLO WAS A PERFECT MAN. NirtST IN NH l-MATCNUSS IN WAN! w«m U>« aaeiMtafor h*l«ulMm ik*t Jjtf * rw bor«»« birth w«r« pm to death. YOUmi MEN OR OLD, hood, rhTilcal Bxooum, ICmml 4 Worry, It»to4 DoToloniaaat, »r h “T miOTUli WXAUIU. »» u I ki\ r Nrtored *0 tEBFECT HEALTH aad I nl\ I **• NOBU VITAUTY at WBOM X 4Xlxl w * claim by year, of practice by * I % | \l our excliMlve method, a uniform I A LAL t*MoiloMl.Y OFBVCOXM" in treat, g iMTtdl Dlioaio., Woakaom. and ■— AMto4»a«<rfMoa. Testimonials SJE ’ froip SrSuus and Territorie., siwsas MENT. You can be rUIXT HMTORuTm fhoutaadfl have boon by «>. Bead ear toitimoaialb. Address .tea# «R|E MEDICAL CO. BUFFALO.ILT Nirat and Dsty SeiVlee EAST am> WEST BITWKJSS Toledo, Ohio, St. Louis, Mo. Moduli EqMlpwMNNt TBroNghewts Buffet Sleep/m* Qa/99 Built expreMly fnr ttd. aerHina OV night traiM.. IA hr fiekita via TtleNo, St Laub A laMMGNy« Clover Lear ßoute. For further particulart, call oa mum* Agent trf the Company, or addrow O. O. dKNKINS. TOLSDQ. OHIO. 1 1 "" 1

I .. ... I k EL3OD CURI The only reel pure ve-etnhle blood purifier kn own winch cures skiu diseases, eczema, tetter, .alt rheum, bolls, kind's evil, rheumatism, gout, obsoesses, neuralgia, and all diseases from impure wood, often from acrofiiiotis. tuberculous or specific blood taint, hereditary or acquired. No minno relapses. Sold by Holt ho use & Blackburn. 6yl Prof. L. H. Zeigler, Veterinary Surgeon, Modus Operandi, Orclo M Z-J tomv, Ovcrotomy, Castrating, Bidg ling, Horses and Spaying Cattle and Dehoi n ing, and treating their diseases. Office over J H., Stone’s hardware store, Decatur Indiana. O. P. M. AXDKEU S, FhyMioiaiitfajßurgeoii °™ fc “ S<i^MO^O^*NDlANAT lft Office and residence 2nd and 3rd doors west of M. K. church. 20-* ‘*o3 eup|p9|| n -WJMtua znox Xq Pioo Pooig ips pus ivunajam ‘npyojog Consumption Suroly Cured. To Tn lonoa:—PImoo inform yourmdm thatl have aposittv. MiMdy lor th. above-named ' dIMMO. By It. timely use thoumnds of hopeless MssshavebwnpwaMMmtlyaured. Ishallbeglad to and two bottle, ofmy rrawdy l*BEEtoanyof I you mdm who have consumption if they will wnd mo their ExprM. and P.O. addreu. Reepect- | tally, T.A.r-OOUM,M.a.iaiPmrlßt..N.X. TO WEAK MEN ProL F. C. FOWLEB, RKooduo, Conn. TOTED 1 ! SECOND GROWTH WHITE OAK BUTTS s For which I will pay the highest market pricee , lelivered at my factory in Decatur, Ind. 1 ou do not wish to deliver at Decatur, plea < >aU on Gottschalk & Martz, Berne, John Watson. Geneva. Joseph Wagner, Willshire Ohio, or A. C. Acker, Pleasant Miils, will tak< lup in car loads at any station on the C. &. E : G. R. & I„ or T„ St. L. & K. C. railroads. 4. T. LYNCH. 11 -tvui L.J B. P. RIOT. i, ftpWf K 3 £> Rice Bowern, i — DEALERS IN—--3 Blue Lime Stone Buildingland RangefStone. • Capacity of Crusher, 300 yards per day, and f us Building, 20u pefch. Can fill orders at all times with Stone from D 4 to 18 inches thick. We keep at our quarry a big supply of

I Chief White Cloud, M. D., M. L. J Will be at the Miesse House, Positively One Day Only, > SATURDAY, NOVEMBER 21st, 1891. i . ' ; gM kl| k' ISIHbEB®. sg£§s§ssj§§Sßß § Omitc SBBiom«'iii*ii. ’ Wkwwta Wsta*J. go to Me him »d ta ««*•«» ‘ h,lr i ,lm « u -. U"T «“ "V mil* to oouult thi. Great u 4 Ou* y Mup Wtt »>"> .peeks lodiw. Germ.n, Frejoh end He doeion with Horta i WAfflfc Mj M '" •" h *»*>“ l •*!«“•• «• ’»*••><> i If he cannot care yen he will frankly tell yon to. I 3«£e ZZas Cured o?ixouLsa>i3Ldfii. His name has ©ortal among the thousands he cured, and is blest in hundreds of households where ho prove a saviour to we Av#e.ring and afflicted. HE CURES THE FOLLOWING DIESASES ; Abcesses, Asthma, Bladder, Bronchitis, Headache, Hysteria, Hernja, Irregularities, Impotence, Kiduen* Liver, Crooked Limbs, Club Feet, Constipation, Cancer, Catarrah, Debility, Le > «jqn , hea, NarenO ness, Ovaries, Piles, Prostration, Paralysis, Rheumatism, Dropsy, Dysentery, Deafness, Kye. Bar. Female Weakness, Skin Disease, Scrofula, St. Vitus Dance, Fits Fistula, Goitre, Gravel, Synhilia, AiwwZ? torrhoea, Tape Worm, Toncil Enlargement, Uterus, Ulcers. Womb and private diseases. Consultant la German, French and Spanish. Free advice at the rooms, if called in town, H each visit. . < ' s . ■ Sfik.'.' i

ISUCESSSFUL MAN Is a man that attends to his own basmeßN. -■■■ ■ " ■ • t -— 1 .■ Our Business is to Sell ' ■ e • Clothing and J'uraishing Goods I And our Study is to Buy Good Goods and Sell them at the Loweat * • e .■’ j ~ We have for the Season the Best and the Finest Line ot Goods ever Shown in the City. Come in and see us. Everybody treated alike. One Price to aIL Yours Respectfully, J # Pete Holthouse, the One-Price Clothier, *•' ~—- ■ — - ■ ■ 11,1 -i-' as— At Magley, keeps a large stock of Dry Jnfl 11 IBM IB Q oods » Notions, Groceries, Boofs, Shees nllll ImSR AIUJU U for whloh lhe hl g heet JWket price ie pai4: ggBTgBM . UH .111 .1 II ■ B-—