Decatur Democrat, Volume 39, Number 40, Decatur, Adams County, 20 December 1895 — Page 10

Awarded Highest Honors—World’s Fair, / DIC vWCfJ * CREAM BAKING POWDER MOST PERFECT MADE. A pure Grape Cream of Tartar Powder. Free from Ammonia, Alum or any other adulterant, 40 YEARS THE STANDARD. Creenbacki* and Legislation by Win. C. Cornwell. Let us look at the business conditions prevailing in this country today. There has been within the last year a general revival of trade, very much more marked since the bond contract was made last spring. Mills have resumed, wages have swung back to old figures, railroads show better earnings, and there is a general feeling of comfortable anticipation and considerable confidence. That is the industrial situation. There would be complete confidence if it were not for our currency .situation. The Silver craze, it is true, has died down materially, but the disturbing element of our currency condition has not been removed. DISTURBED BY THE FIAT PRINCIPLE. The disturbing element is the fiat principle, the seed of which was sown wi®n the first Greenback was rolled off the Government printing press amid the smoke and fire of war. EFFECT OF FIAT MONEY. A wrong principle, once tolerated, brings punishment sooner or later, and so continues to do until it is utterly weeded out. The fiat principle—the dishonest act of the-Qovernment in declaring, that to be a dollar which is not a dollar—nationalizing Deception and Untruth—making a Lie a Law, is a principle which must be weeded out, root and branch, before we can be a. peace commercially. Let us see how we are affected today by this flat money. We need in this country from season • to season a certain amount of Gold with which to pay our debts to foreign nations. The Greenback is a demand note, payable in Gold, a note, which when •nee paid must be put out again, must be redeemed again in Gold, again put out, again redeemed, and both operations repeated and repeated and re peated to the end of all time. There are in existence 346,000,000 Greenbacks and. 140,000,000 treasury notes, identical practically with Green backs, and payable in gold on demand. In all about 506 millions. The Government must be prepared at any time, whenever any of these are presented, to redeem them in Gold; It has •no control over Gold exports or hoarding. If anyone wants Gold to send away or to keep, he can go to the Treasury and get it without let or hindrance. and there is in fact no other place in this country to go for gold where it can be certainly obtained. THE GOLD RESERVE. Now, for the purpose of redeeming these gold notes, Government has sought to keep on hand, permanently'. One hundred millions of Gold, as a Reserve. But, as has been frequently pointed out, the Government has no means of assuredly obtaining gold except by the sale of Bonds. The Gold Reserve then, while it can be drawn down seriotrsly and materially at any time, can only be repiemshed by creating further debt. And to keep

it barely safe in the last two years has required the creation of a debt of one hundred and sixty-two millions without decreasing one dollar of the five hundred million demand indebtedness. We depend upon this shifty expedient , the shifting Gold Reserve, to maintain the Gold Standard in the United States, lor if the Reserve becomes depleted and the Government cannot redeem in gold every dollar of obligations presented. we drop at once to the Silver Standard. If this should happen, values would be cut in half, (>00,000,000 of Gold would disappear immediately from c rculation, and contraction, panic and ruin would follow. THE BAROMETER; The Reserve then is the barometer of our very commercial existence, and the eyes of our own people and the eyes of the entire world is upon it. Ths capitalist in Europe, the money lender and bank manager, of the United States, the business men of the whble country, have learned when they wake in the morning to look into the newspaper before anthing else to see how the Gold Reserve stands and if, as at present, it is below the limit; and it is a delicate question from day to day as to what snail be done, then all enterprises slow down, and Commerce struggling under natural laws, to regain its acUvily, has th creep cautiously. Europe stop&bqying our good securities or begins t s«ll

them. The shadows rest upon us and gloom and despondency prevail. ( A MOUNTAIN IDOL. In far off Japan,'but of the waters of the Pacific, there rises a magnificent volcano, higher than any other mountain, and completely dwarfing all other eminences on the bonze n. Snows of an arctic region rest upon its rounded crest, andibathed in eternal sunshine it glistens in the bright rays like molten gold. It is tbe everlasting theme of poetry and art, and has for centuries been the object of worship and religious awe; Thousands of pilgrims annually make ascent to the line of snow and the whole nation watches with veneration and reverance for tbe slightest change its aspeci as indicative of weal or woe. This is Fusi Yama, the gold crowned mountain idol of Japan. The Treasury Reserve of the United State is the Fusi Yama of Commerce in America, and is tbe idol which we in this glorious Chiistian nation look to, night and morning for favor and fear, with scarcely less reverence thaiutbat of the heathen of Japan. It is hot surprising that tbe nations of the world, educated by past history and tbe experience of generations, look on in mild amazement at the spectacle of a great people tolerating, nay clinging with childish affection to such a system; they look on, but since 1890 the capitalists of Europe have taken gooi care to avoid investing with us, and this they will continue to do until our temporary insanit/ is permanently cured. THE QUESTION OF REVENUE. The question of revenue has been brought into this discussion. Tbe question of revenue is an important question. Ido not ignore it. It should be squarely met by the party in power. It can be met in a business-like way and without disturbance. The single tax on beer, as suggested by the World, or something similar will do the bus-

iness. But the contention of the business world in this emergency is that the most important question is not that of revenue. That it was not fear of lack of revenue that broke confidence in 1890 and after. There never was in the mind of the foreigner any doubt as to the United States being able to raise enough revenue to pay expenses. So simple a problem as our ability by legislation to tax for this purpose never disturbed him. What the foreigner doubted was whether we (with no means of getting gold excegt on bonds) could maintain en a level with gold a vast mass of fiat money,'hundreds of millions of dollars already, more and more being produced every year for an indefinite period. That was the question that worried the foreign investor in 1890, ’9l, ’92. that worries him now’, that worries us all. ABOLISH THE GOLD RESERVE. It the fetish of the Gold reserve w’ere taken away and Europe were but assured that the three, four or five per cent, interest obtainable within our shores was posjKveiy, permanently and forever a gpra investment, the stream of yellow metal would How to us from all the peoples of the world, and cheer and unending prosperity would roll in upon the shining Hood. How can we rid ourselves of this panic-producing reserve? Clearly, only by abolishing that which • makes the reserve necessary, namely, the demand gold—notes cf the government To whom can we look for this relief? To Congress alone. THE LEGISLATION NEEDED. The Committee on Sound Currency of the New York Chamber of Commerce, that solid body which has done' so mucteto bolster up the Government in its maintenance of commercial honor did me the honor two weeks ago to write, asking for my opinion as to what should be undertaken at once in the way of financial legislation. My reply embodied these suggestions: s First.—Provide for the redemption and concellation of the greenback to the extent of one hundred millions within one year, and one hundred millions during each succeeding year until three hundred millions of the greenbacks are retired; then include in the cancellation, also treasury notes until the entire five hundred millions of government paper ''have been extinguished. To provide funds for these operations, issue low rate long-time gold bonds.) Second.—As to what shall take the place of the government paper thus extinguished, appoint at once a nonpartisan expert currency to decide, A CONSERVATIVE REQUEST. This is a very conservative request to make of Congress; it is a request so utterly without consequence which can be in the least damaging to the Treasury, the revenue, the currency or the country, that I am sure if the Bankers formulate and send out the proposition to tbe business men of the United States, there will come back from them a universal demand that such action betaken. ... > . •?' Let us look at-thls request. We ask to have the reserve abolished, because fear as tothe reverse is what has brok|en confidence at home and abroad,

stagnating business and holding off prosperity. We ask to have the government notes abolished because it.isther exlstance which makes the Reserve absolutely necessary. a We do not ask this to be done all at once, we only ask for the retirement of one hundred millions tbe first year—a contraction of this currency already too redundant, which would be a bene fit not a hardship, to commerce. But the declared intention of the great government to wipe out all its gold demand notes would instantly restore confidence in our currency throughout the length and breadth of the wide world. That done, gold would come in, trade would flow as a river, and we would take our place where we belong, at tbe bead of commercial nations. As to what shall take the place of tbe government note, we do not ask to say. We know that the bank note is tbe proper thing. There is but one opinion on this subject among those who have given the matter thoughtful, intelligent study. But without entering into that, and in view of the many opinions among our legislators, we ask for the appointment of a non-partisan commission to decide and recommend. Add to that Commission, if you will, some of the great economists of other nations, so that we may have the most unbiased, the broadest views from outside. Let the commission then, settle the question of what will take the place of the greenbacks. Meantime the revival in business which has already begun, which is progressing slowly in spite of the mill stone about its neck, will become a vivid, inspiring reality—a song on the lip and a joy in the heart of the toilers. AN APPEAL TO CONGRESS. We [make request of congress that this action be taken at once. We ask you members of the 54th Congress, Denqocrats and Republicans alike, to unite—to drop politics—to be Statesmen—to be men. We make this request especially of tbe Republicans in Congress, lam a Republican. lam proud of many things the Republican party has done. Ever in great emergencies it has acted, acted promptly, acted rightly. A great emergency is upon us in tbe Commercial world. Brethern of the Republican party in Congress, I cali upon you to stand now and do your duty and to do it quickly. Let us have no puerile excuses, I say it in all friend liness, no subterfuges to take the place of courage. No political expedients with which to keep off action and yet shirk responsibility for delay. The eyes of the people are upon you, pleading for action. Those who know, have rold you what to do. Those who know not what should be done, but know that something must be done, the laboring man, the daily toiler, he w’ho is, employed, ask and beseech you for action. There never was a time so favorable as now for this action. The business men of the country are educated and aroused to the necessity of it A sound money party is in power. A sound money President is in the White House. Far above tbe plane of politics, without selfish or personal mo tive, he has clearly pointed out the danger, suggested the remedy and entreated the peoples’ representation to act. I urther than that he has assured them that he does qpt insist upon his remedy, but will co-operate with them in perfecting any .measure promising thorough and practical relief. These are the words of a patriot. Act you must, if you care for your honor, if you appreciate the duties of the • high office to which you were elected, if you value the incumbency in power of the party to which you belong. And by this act and for that party you will create gratitude in tbe hearts of the people which will crown you with favor for many years. The people will not be deceived. But if you do not act, let me say with all respect, the people of the United States will understand the reason why. They are a great, busy people, and give not much thought to politics, but our grandest Leader has said in effect, you can deceive all of them as a body from time to time, and some of them can be deceived all the time, but no kind of politics can deceive all Df them all tbe time. In this I speak as a friend and with earnest solicitude—in this emergency the political party that, with full power to do for our great business world this one great service, that will wipe out, once for all, those vampires of the treasury, the Greenback and the Treasury Note, whofie only mission is to suck out tbe life blood of tbe reserve and to blight and hinder the prosperity of toiliogjnillions The political party that can do this and does not do it, and do it quickly, is doomed and dserves to be, and that great people with whom they have played will irise when the time comes and bury them out of sight—and their leaders will go with them. ■■ ' -+— Whiskers that are prematurely gray or faded colored to prevent the look of age, and Buckingham’s Dye excels all others in coloring browh or black.

/ * n iii W—l Fare gowg g W _ To moke., jonr LITTLE FOLKS II ippy and the OLiIER ONES feel young? L/ " ~ ‘ , J You can if you will. It all depends on you. Weave ready to do our part. It Cy will only require a look to convince you that we have by far the Largest and best line of HOLIDAY GOODS ever brought to Adams county. /y '"ir'- -—wit.— ,.ib | |" ..acss 1 .miM 'irr—":.— DOLL CARRIAGES. KA Hi DOLLS. a v Wk WE have an immense line. Prices from << IS WONDERFUL to Our DEADER with parasol, 50c We have them. Black and White. Creole i Every little girl will want a cab for her doll, yTj |D\ and Chinese, dressed and undressed, s if it be old or new. TOY DISHES in endless asleep and wide-awake, boys and girls, china, varieties, from 10c to SI 50. Tables, chairs, /J bisque rubber ana cloth Come in and see j cradles, pianos, and all kinds of toy furniture /.A their sweet faces and golden curls suitable for little girls to entertain friends. 3 ■ " ■■ JW $ then for the || Cv affFrniYTß We have almost everything to make them happy. J&dc JL/ Horses « Wagons, Sleds, Drums. Steam Engines, Magic Lanterns, jfS Mechanical Tovs and Iron Toys ot every description, and thousands <d others that we can’t mention for want of I space Be sure you don't pass our /A 25c and 50c wagon, and 25c and 35c sleds —they are HUMMERS. | £7 NOW FOR THE OLDER ONES. C jW And here we run ashore again in trying to name our assortment, but for this /A Qj class will say that we have a full line of Staple and Fancy Dress Goods, \vj flp Gloves, Mittens, Hosiery, and all the more substantial goods used in making ■ A ud Xmas presents. Then comes our largest and best selected line ot all, which ?\i inching. Glass and Queensware. We are absolutely at the top in this depart- M Vr m ent, as well as all our lines before never was anything to vJj >|A compare with it brought to Decatur /r Handsome, full size, China cupa and saucers, lOc. 7W> Beautiful China Fruit Plates, sOc per set. China Cream and Sugar, lOc to $3.50 set. b)' Elegant Cut Class Tumblers 15c. | fK WE have Limoges, Pouyot & Havland, both the very BEST French Nm China made, in 114 piece dinner sets, at s3o.oo— in plain white and delicate decorations. YOU could not give your WIFE or VJ daughter a more handsome or useful PRESENT. Then we in y\ have an endless variety of odd pieces of China which is always suitable for presents, and very acceptable. Should you fail to see our /Ak Holiday Goods you will not be satisfied, as you will miss seeing the M /A largest and nicest ever shown in this city. "aunts, remember t hat Xmas is the “Red Letter Day” ot your little ones lives. NR MT. ■gCS. Make them htippy while you can. they wi.l be gn wi up and gone, aDd vour opportunity will have passed with the year. L < before SPRANG <fc TRUE.

Ask your grocer for Ambrosia Coffee It is excellent. 588 2t391t Book cases and sideboards to be sold cheap at Y ager’s store. 38 3t Teachers, see Ilunsicker & Laugbrey for Holiday Candies. Monroe St. 38 4 One trial of Ambrwia Coffee will convince you that it excels all others. 588 21 3911. Don’t fail to see our large line of Lounges and fine Couches. 38 3t KYager. For a Xmas present you will see what you want at Yager’s Furniture Store. L. D Adams and wife and I. J. Miesse are at Portland today attending the funeral of Loy Adams, a son of Silas H. Adams. You are earnestly requested to call and see the large stock of nice new holiday goods now on disylay at Blockburn & Miller’s. They have all the latest novelties. w2t All who have seen Blackburn & Miller’s new line of Christmas goods say they are neater and finer than any previous year. Banquet lamps a specialty. For Sale —One good Champion hay press horse power. In good working order also two good pairs bob sleds and large box for sleighing parties. Will sell cheap for cash or good note. Call on S. C. Niman. 393 J. S Railing, breeder of recorded duroc jersey swine. I have a fine herd of pigs at present for sale. I can furnish pigs in pair not a kin. I have improved my herd by selecting fine breeds from different herds. All breeding stock recorded. Pedigrees furnished. Write for what you want or come and see them. Eecatur, Ind. 40-3 t Heport of the Sunday School Convention of Knot Township. The fourth meeting of the Boot township Sunday School Convention washeld at Union Cnapel church Nov. 21,1895 Services were opened by singlne and prayer, followed by an address of welcome by Bert Wolf. Response by Isaac Brown. Essay by Mrs. A. R. Wolf which read as follow's:. , A new garment for 10 cents. Coats, pants, cloaks or dress goods that are faded or soiled can be dyei any desirable shade, a fast and beautiful color with the Putnam Fadeless Dyes. Colors more goods than any other. Each package colors everything. Sold by W. 11. Nachtrieb, druggist.

To. Our Patron., Having formed a partneiship in tbe grocery business, wc cordially invite you to come in and see us. We will do you good. ’Respectfully, 38-4 t HunsiCker & Laugitrey. A full line of fresh meats of all kinds and everything in tbe fruit line at aur usually low prices We can make you jobbers prices in quanti®. Yours Truly. 37-ts. Coffee & Bak«:r. Notice.—All parties having beer kegs, bottles and wine cases will please return them to me and also call in and settle up their accounts. 38 4 William Mersman. 5,500 poundCuf candy for the holiday trade will be on exhibition at Coffee & Baker’s after the first of Dec., consisting of over one hundred varities and from the cheapest mix to the best home made creams Also'Christmas trees and their trimmings. 37-tB. Mother, if you want to make your children happy with Christmas toys, call at Streit’s Bargain Store next door topost office. We have a large and new variety and will sell them at a small profit. 38-4 t Go to Hunsic.ker & Laugbrey’s for cheap Holiday Candies. Monroe St*. 38 4

FORYOUR Meals, Iwh, Fruits, Cigars, call on the Old Reliable Stand of EICHENBERGER PLUESS, > PROPRIETORS OF THE CITY BAKERY f RESTAURANT. Berne, Ind. * ■. ■ j

Buy your small hardware, cutleryfli tinware, queaosware and notions and® holiday goods at Streit's Bargain Store. ■ Next door to post office. 88 4-581-2 ■ New lot of Easels and Pictures; also j Pillar and Center tables See our large 1 stock for Ho iday. L. Yager. 38-3 t ■ When agents price organs high come in and see our $65 00 line. Sold on long time or monthly payments. Falk | & Erwin. - 35 6t ' Falk & Erwin offer the A. B. Chase, j Burdett, Farrand& Vot.y or Packard p organ for $65.00 from date until after | holidays 35-66 Santa Claus will visit the Baptist ■ Sunday school about 8 o’clock Christ- t mas eve. The Brownies and Fairies will wel- ; come you at the Baptist church ou Christmas,eve. The Baptist Sunday school will give a cantata entitled “The Arrival of Santa Claus,” Christmas eve. Money to Loan—At six per centon long time. Abstracts, insurance and collections. Farm and city property for sale. Call on Schurger, Reed & Smith. 42tf