Daily Greencastle Banner and Times, Greencastle, Putnam County, 11 August 1896 — Page 2

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THU BANNER IlMEfs. UKL'ENCASXLE. INDIANA ll-r>DA7 AUGUST! ■ HMS

If You're a Democrat Be a Democrat. If You're a Republican, Be a Republican, If you are either, get a Campaign Hat at THE HUB. we mem Men aim Boys at mi Prices. GOLD AND SILVER HATS THE- LATEST.

Bridge Contracts Let. ROYSE S REASONING There were a ravenous lot of bid-

tiers at the court house on Monday ^ Splendid Speech at the Court

to secure the contracts for two 60 ( House Monday Evening,

feetbridgea anti substructure. There j The court ll0U9e was well filled were a dozen agents here from iron Monday evening to hear Mr. Clarbridge works, and as many bidders D Rovge oulline the issues of for sub work. 1 tbe day Mr R( , yse w . l8 a member

The Brackett Bridge Company, ^ th- famoui 1)e p aliw debating of Columbus, Ohio, was the sue ! team that went to Indiana univer

cessful bidder on the superstruc-] 8it ^ la§t Februaty Hnd there won H ture, their bid being $450 for each , vicll)ty „ ver t he Indiana bridge. On substructure A. G. [ 9tudentg 0Q , he question of free Hay, of this city, made a bill of, coina ^ De p auw men having

$333 for the Little Deer creek work the J ul)d |1)()ney 8ide .

and got it. His excavation figures Atl i la ttime, and since, Mr. were, 14c wet and 20e dry; mason I jj ljyge ha8 made a careful study of ry $3.74, approaches 12 c, rip rap the ' cnrrency q Ue8tio n and he is

60 c.

Ridlin <!k Dodd were awarded the substructure work at the Lick

thoroughly posted on facts, figures

and laws. After some

.rendered by I’aul Burlingame, Wil-

creek bridge. Their bid was $568 > Starr> E G< Fry and will

have kept pace in value, or in other I wiacils sliver i' worth as much in com- I modi ties as in IN73. Therefore, their j calculation in that the change in tatio between gold ami silver is due to appre- [ elation in gold rather than to a fall in nilvtr. Then restoring silver as a standard of value,, would according to their argument reduce the standard one half. Free coinage will not raise the value of silver unless it results in really greater use in proportion to supply. Furthermore, if as they claim, silver Inis not fallen, to restore the conditions existing prior to 1873 why would they w ant to increase its value? This would mean then a dollar with purchasing power equal to one half of that now. What is involved in depreciationV We are told that it would double all prices. That the farmer will get more for his wheat, corn, oats, etc., and the producer In any line will get double for his commodities, lienee food and clothing will all double in price. The arguments fur high prices sdti ml very pleasing to the man who has something to «eU t but this free silver gun kicks terri-

' i o 3 11,1 v : the back action on this price doubgooil music 1 litig device is fully as powerful as the

l^esi^r Cor)seruatory o GPEENCASTU fl

Courses in

^ianofof Voice, PilM'Oljr Church [ Music,

130 total, with excavation figures,

wet 14 c. dry 20 c, masonry, $4.90 rip rap $2 00, approaches 14 c.

Graham president Birch introduced

The HUB.

D

Populist Convention.

The Peoples’ party of Putnam county are hereby called to meet in mass convention in the court

DAILY BANNER TIMES ticket. Mr. Carlisle is for sound money, as he has always been, and

Published every afternoon except Sunday •t the liANNXH Times office, corner Vine and Prsnklln streets.

Chanires for display advertisements must ho anded In by 10 o’clock a. m. each day. Keadc- advertisements will he received each day

to 1 o’clock p. in.

he does not propose to take with free silver heresies.

The democratic committee’s

All communications should be 8i*rnc.i with tbc rtime of tin* writer: not necessarily tor i ublio ition, But aa evl lenoi it (food ra I b. Anonymous communications cun not be noicod.

Mr Rinse, who said in part: The crime of 1873, so called has received a great deal of attention from the free silver orators. Here are the facts: The, proposed changes were talked of as early as 1853 when the minor silver

^ _ | coins were reduced in weight and de-

house, Greencastlc, Friday, Aug. nied free coinage in order to keep them 14, at 10 a. ui. for the purpose of. i n circulation; the bill was introduced nominating candidates for the in Congress in 1870, printed a dozen count v otlices. j times and debated to the extent of one

, .. , hundred in tlftv columns of the Globe',

lln* Populist convention of the . L , , , ,

1 but it is claimed that the standard dol-

Whcre Cel!very is irregular please report (line promptly at puhllcailuu office.

handbill saj's:

It matters little in this campaign who voters su poor ted heretofore or what party they have trained w ith. In the contest now to be decided narty lines,

are practically obliterated. We don’t know about this. The Be Sure You are ItlBlit. republicans are a unit for sound ^ Il< * a * iea1 *’ *' . vwl,r blood is

money and protection. The demo-

fifth district will also hold their convention in Greencastlc to nomi nute congressmen Aug. 14. Each township is entitled to one delegate.

L. D. Snider, Chairman, Marion Allen Sec.

Specimen copies uiaihil free on application.

RATES OF SUBSCRIPTION. Vue fear In advance. Stomontlks. Three months Oik month Ptr week hy Carrier

crate are for obliterating national honor, are for obliterating payments of honest debts; are for any kind of a fusion that will per-

■ $5.0U . 2.50 I

mit them to hold oClce and hoodoo J ° ! people. There is no obliterating of

When delivery Is made by carrier, all subscription aecounts are to be paid to them as they oall und reeeipt for saint.

ADVERTISING RATES. PISPLA Y. For loch, first insertion 25 cts. “ each suhseipient insertion Sets ■* ** per iiuinlh .$1.00 Ouarantenl position charged -> per cent to too per cent extra. Position not guaranteed for advertisements of less than 5 Inches. No discount lor time or space; five per cent allowed when payment accompanies order. KRADINO NOTICES Brevier type, per line, 5 c. One line paragraphs charged as occupying iwo lines space. The following rates will be allowed only when cash nccomimnie* order. 25 lines 4 cents per line 10 “ 3* HO “ 3 SO “ 2Yt 00 •• 2 M. J. BECKETT Publisher HARRY M. SMITH. .. ....Managing Editor

Address all communications to The Daily Banner Times, Oreencastle, Ind.

Telephones. COUNTING ROOM 62 EDITORIAL ROOM 95

lines by republicans. But on tbe other hand the sound money democrats and others who are in favor of a staple government are contbtn ing to stand up for honest principles. The handbill has undertaken to dispose of Carlisle. Now we look for it to go to the next chapter. Let us hear about Mr. Cleveland.

^knd news to Telephone 95.

SPECIAL NOTICE. W e publish, and arc glad tr. get the same when they are news, free brief notices of deaths, births and marriages, bui we charge for extended accounts of marriages, obituaries. lodgeRuh rkkolyttunr. •■•■2 ™<u of UcllVs. and will publish none such unless I’ftymcnt, or satlsfactorj arrangement there for, Is made In advance.

rot.IriCAl. CON VKNTIONS. Fifth List. Populist convention, (; .•• eotniat le .. .August 11 Putnam County Populist convention. Greencastlc August 14.

At the Studebaker factory in South Bend a test vote was taken on Saturday. The result was four hundred majority for McKinley. This shows the way the mechanics and workingmen are going to vote in November.

In the language of the democratic committe’s hand bill Mr. Carlisle is a broken idol. If Mr. Carlisle and the sound money democrats of this country are btoken idols what an immense political junk pile there will be by November' That Indiana|K)lis convention shows there will be a wholesale breaking on Sept. 2, when the sound money

democrats meet to

If th3 democratic committee's handbill attempts to give a halfcolumn explanation of every editorial squibit printed in 1893, commendatory to the financial sense and wisdom of Cleveland and Carlisle, it will have material for an eight page edition. It could even remove its patent insides and then have no room to spare. The 1893 record of the Democrat virtually squelches its 1896 arguments. On Nov. 4, 1893, the Democrat said: “Senator Voorhees’ great extempore speech in the senate was a clincher and the silver men struggled in vain to overcome its effect. It was a grand and convincing argument and should he read by every man who is at all mixed up on 71.2 jnucu {Jiicussed and distorted silver question.” This “great and convincing argument” tbe effect of which “the silver men struggled in vain to overcome” was made by Senator V’oorhees when he was in line with the “three C’e” (Cleveland, Carlisle and Cooper) all of whom were then trying to place the currency of the country on a sound basis, as they claimed, by secuiing the re peal of the Sherman law, claiming that this would restore confidence, and re establish prosperity. Why doesn’t the Democrat furnish each of its subserihers with a copy of the sound money speech, which he then termed a “grand and conclusive argument and should be rend by every man who is at all mixed up on the much discussed and distorted silver question,” since there are some democrats in Putnam county who are so “mixed up” that they are advocating free silver. There are a large number of democrats in the county however, who are sound on the money question and who would not therefore be especially benefited by' the senator’s great effort.

Lost, a garnet breast-pin. Leave at the postoffice and receive reward. It CAESAR—Miss Riley, 501 Locust St., will organize a class Friday. Special rates. 255-31.

impure, your appetite failing, your nerves weak, you may be sure that Hood’s Sarsaparilla is what you need. Then take no substitute. Insist upon Hood’s and only Hood’s. This is the medicine which has the largest sales in he world. Hood’s Sarsaparilla is the

One True Blood Purifier.

Hood’s Pills are prompt, efficient, always reliable, easy to take, easv to op-

erate.

COI NT Y Ni:\4S NOTES.

BELLE UNION. Everette Larkin is on the sick list. A large crowd attended basket meeting at New Providence last Sunday. Larkin & Colin have erected an awning in front of their store. Everett McAninch succeeds Chas. Cox as ticket agent of the Scarbrough comedy company, the latter having resigned. A If. Flint has purchased a tine young horse of Armant G. Larkin, for $75. Farmers are painting their cows legs with equal parts linseed oil and terpentine to keep off the flics, and if any one knows a better remedy report the sa ne through the Banmek Times. Many claim their stock are being literally eaten up by the insects, and others ate losing flesh daily because they have no time to eat day or night. The Fillmore base hall club came to Belle Union last Saturday and crossed hats with the Belle Union nine at Hill’s hall Held at 2 :30 p. m. The game was a rocky one and failed to attract attention of the crowd who had enthusiasm enough to attend. The score resulting in Belle Union's favor, 37 to 11. Belle Union Kids walloped Everettte MeCautmack’s river nine at Hill’s ball Held on Friday evening to the tune of 21 to 9 and on Sunday at Wallace’s ball field, 17 to 12.

Nervous People find just the help they so much need, in Hood’s Sarsaparilla. It furitisbes the desired strength by purifying, vitalizing and enriching the blood, and thus builds up the nerves, tones the stomach and regulates the

whole system. Head this:

“I want to praise Hood’s Sarsaparilla. My health run down, and I had the grip. After that, my heart and nervous system were badly affected, so that I could not do my own work. Our physician gave mo some help, but did not cure. I decided to try Hood’s Sarsaparilla. Soon I could do all my own housework. I have taken Cured

- coinage. It is self evident that this Hood’s Pills with Hood’s Sarsaparilla, ' w< ? ul( ’ ” r would not depreciate .... . . 2 the standard of value. Which will v«n and they have done me much good. I , win you

* > if it world nor depreciate it

lar was already dropped from the bill and that this did the whole mischief. 1 admit that the bill as introduced, contained provisions for the coinage of a standard silver dollar, and that the bill as passed did not have that provision, but notice please: First, that the standard dollar in this bill was of 384 grains corresponding exactly to the half dollar, quarter and dimes of the law of 1853, which were made under value. This dollar was to he subsidiary. Second, the 412'2 grain silver dollar never was in this bill for a single day, or in any bill in the hands of the committee that had this bill in charge. Third, the standard of value was from the very

first changed to g'dd.

This law has been charged as the

prime factor of the panic of 1893. The bimetallist argument runs about this way; primary money is the sole measure of values. The act of 1873destroyed half of our primary money thus doubling in value the remaining half, all commodities measured with it, consequently, declining in value about 30 per cent. This decline is only' relative ami is rather iu advance in money because the supply is cut in half the demand remaining as it was. This argument is good except in one minor (?)

particular—it is weak in facts. First, primary money is not the sole

measure of value. No one will claim that assignats of France; the confederate paper money; the Colonial and Continental paper money and the greenbacks are primary money, and yet these have all served not only as measures of value hut during certain periods they were the only measures

within their respective territory; Second; tiie act of 1873 did not de-

stroy one half of our piimary money. At that time there were no silver dollars iu the country performing the functions of money and if there had been they would still have readily passed for one hundred cents. Our coinage of standard silver dollars altogether up to this time tiad only been a little more than eight million, and this had long since pas«ed out of circulation. Tne silver dollar has not performed money functions since 1840. The shrinkage of prices as. compared with 1893 is not an appreciation of gold caused by scarcity of money for there is more money per capita iu circulation now than in 1873. The question of velocity of money is of far more ini portance than volume. For a dollar moving rapidly may perform the work of ten moving slowly; hut stability of credit is of for more importance than either volume or veUi ity. For nearly ninety per cent of our business, including all large transactions is done by means of credit instruments. Has gol i appreciated? Measured in silver, yes. Measured in most eoninodities; yes. Measured in labor, no. Wages are higher than in 1873. The complaint that the dollar is worth too much simply means tout the laboring man can ImV too much of the necessities and comforts of life for t he wages he receives. If this he the evil and the remedy required be the reduction of the purchasing power of wages, then free silver is the propel cure. The whole system of free coinage rests upon the assumption that silver and gold can he kept at parity at 16 to I by law; this means that the legal ratio can overcome a difference In the market ratio of about 16 points or one hundred per cent. A et, this is in the face of the fact that the legal ratio could not overcome a dift'rrence of from 4-100 points, or less than

one per cent in IS'4.

Let us look into the effects of free

fflISS FlkECIfl fl. lt5|E

703 3. INDIANA ST

GREENCASTLE, POStOfflc. Ri iX 'll

PKlWrw PMYKKSI

THE BEST NEWS OF OUR Qi AND GHOWING INSflTUTIOl

discharge The increased revel.lie trom these increased prices can he no po-sj. I

hie benefit except ns it has greater pur- For Catalogues a^^S. „ chasing power tiian the former pnoea. 1 ' ‘"reel

What good can it do a farmer to receive higher prices for his produce unless lie , an buy more of other’s products? But price do'ililing will apply to what he buys as well as what he sells. If lie exchanges a bushel of wheat for ten pound of sugar it makes no difference whether fifty cents or one dollar or ten dollars are used as a m ediuiii to effect the exchange. But if he happens to be an employer he may gain by free coinage of silver. Wages are not so easily adjusted to changes as prices are. Wages are tixed; prices, movable. The laboring man who does not wish to find the cost of living suddenly doubled while tiie wages remain practically the same had belter steer clear of this pro-

posed cure.

But this seems to he the thing desired by the free silver advocates, hence their cry that the dollars are worth too much. Let it he remembered that when they attack the dollar they attack the workingni.in’s friend, and the depreciation of the dollar means the depreciation of tne laborer's bread and butter. The purchasing power of all fixed incomes would likewise he reduced. This aflects a large part of our best citizens. The old soldier who lias already siirt'ered beyond measure for his country and who i- now pe ’haps dependent upon a mere pittance from the gove-nment will suddenly find that small allowance reduced

to one half.

But we are told that free coinage would help the debtor. The debt paying standard would he depreciated However convenient this might he, is it honest? Tins depreciation of money standard by free coinage means simply legal repudiation of fifty per cent of debts. The American people may tie seriously burdened with debt and oppressed, hut they do not seek a relief that conies at the cost of honor. 'I his repudiation scheme is not only attended wi'h dishonor but it works against the debtor himself in a way that he might little expect. With a depreciated standard and the possibility of further depreciation creditors would pu«h their demands for payment being unwilling to take the risks of further decline. This would mean enforced collections w ith great hardships to the debtor even under the depreciated standard. Then for every debtor there mu«t he a creditor. Are not Ins rights to be considered? And the creditor is not always the rich. Scaling down credits works hardships to the many of the very class that free coinage is supposed to benefit. Every holder of life insurance would find the purchasing power of that insurance reduced fifty percent. This would affect mostly widows and orphans. Building association stock holders would he injured in the same manner. Bunk depositors would sutler in tin- same manner. The hank<T receives deposits on the gold standard payable In current money. Under the free silver agitation he is only willing to loan with a gold contract clause if at all. These claims cannot he affected by fiee silver. Why then do not hankers favor free coinage, would he a natural question. 'I nis brings up the real cause of the panic of 1893. Evidently in view of the possibility of a system scaling down all dehi holders of American securities would wish to realize on them before the dep ’eolation came. This we find actually occurred in 1893. Bonds aid other securities were forced upon our markets thus depreciating the value <>f the bonds and at the same time withdrawing from circulation our gold largely forexpoit. Holders of greenbacks of course wished to realize upon them while they could receive payment in gold. Hence the drain on the treasury reserve for the redemption of these. Those holding overdue credits pressed for immediate payment to avoid being eonipelled U> accept depreciated ntonev. Many debtors were unable to meet these demands and were compelled t<> assign ; confldenre was destroyed and business paralyzed; the banks became involved and depositors partaking of tiie general fear demanded their money; many hanks ordinarily sound were forced to the wall; this is why hankers do not favor tree coinage of silver. Free coinage would bring national disgrace by

The best of engraved cards furnished on short notice at this office. Send us

nominate a your order. tf.

take?

then the present low prices ina le an by the appreciation of the standard, a* the money standard then the evil can claimed, must continue while the standard remains appreciated. The farmer

must give up as much wheat or cotton Hood's Sarsaparilla help very much.” J for a (lollar as »ow. The debtor must Mrs. M. M. Messenger, Freehold, Penn. I ! ?! ve . up as , 1 P ,u ‘chasing P°wer to mi • j .. discharge his debt as under the irei.i This and many other cures prove that | staM , |ar) | , |Kl)>r thjs V ie\v I ehalhmie

any free silver advocate to even elniin any benefits of his system. He must and does maintain the contrary that if present eviis are due to appreciation of he cured only by depreciation. If the

Qni’C'innk'illo purchasing power of the dollar is too OcirScipdrllldL tf'-eat it must he reduced. Not only do 1 they admit this but vigorously main

Is the one True Blood Purifier. All druggists, fl. tain it. The extent of thN depreciation Prepared only by C. I. Hood & Co., Lowell, Maas. | wo can easily see. In tl„.j r effort to u .. r-..,, act easily, promptly and I P ro . ve that gold has appreciated they hoods Pills effectively, tt eenu. maintain that silver and commodities

will not be without them. I have taken 13 bottlesolHood'i Sarsaparilla,and through the Messing of God, It has cured me. I worked as bard as ever tbe i»Ht summer, and I am thankful to say I am well. Hood’s Pills when taken with

xiiin mju uiMiijr utuui guicb jjivvc tut** i Hood’s

the repudiation of debts and force

upon

nx a panic compared to which all previous experience would be child’s play

r»»e SlHdem*’ Uolngk-Thelr uuii Nodal Llfe-’l heir f.u«ic cldenin and Notes ol || lr ,, L.lTi‘N of YIhii) lotni" t|tg Women Told l>> Special KeporK Ed Davis returned from B last night, his face wreathed smiles. He reports the confer a grand success, the sessions and long and perfect bar® tii roughout. Misses Ethel and Frances At amt Edith Morris returned vet day from Indianapolis afters pleasant visit with Miss Hi Tutewiler. In the death like stillness of night when you can easily heard a gum drop. Josephus ange-Blossom Allen stole bej the gates of our city, hemled Lebanon, III. Until he return; shall be lonely without theroelj ousness of his musical voirr. Revs. C. W. Crook and IV Gilbert appeared on our st this morning at an early hour, ing driven in from Monroiia. Gilbert will take work next yei the theological school. Paul make a good “theolog.” Miss Nona Smythe has been] tained from her classes fora

days.

The Epworth League of Lc Street church will give a pion^ Baker’s grove tomorrow, hurt all the summer school students professors are invited. Picnic will start from Locust St. ob

at 8:3f> a. m.

Regardless of the excessive of yesterday, Rev. H. A u president ot DePatiw univer preached to a splendid con^ tlon in the morning at the * church. The sermon was a able one, the noted divine t> for his subject, “Only Let Conversation lie as Becometb Gospel of Christ."—/."/'"!/^

rt'er.

A regno del infernuni: Pluto: “Savon, Imp 1 Imp. : “Your majesty, ff( ' losing our grip on the hot monopoly.” Pluto: “What mean you,

crat?”

Imp.: “Lo, the hot

the town of Greencastlc " ur long winded silverite fori'> r etb off, exceedetli the l R “ sl 0

des itself by full twenty

What shall we do?" .

Pluto : “Let not the wi

rangue of thy fellows. toepoP* longer saw the very air .

heat of frenzy. Aye, silverite and give the

pie of that persecuted burg

Go

weatbt

VvrvuvLrLruvuxnruiAAAJVYri/inAn/in/ir'nj" WHILE OTHER 5IMNDS OP CI0ADS

IS KCPT AT THF HIGHEST IXMNT OP EXCELLENCE ‘ ^ POSSIBLE rw PERSON OF IMMENSE SALES. ** ^ v0 u(? OUTSELLS ANY THREE OTHER BRANDS ***** ‘YLaNV DE\LEP EOP CUBANOLA. A. NEPER PPUGili)^ SOL!: DISTRIBUTERS iNWANAPCUS ^ oatu AAruij'vxjxrinjvtrjiAAJxnruvvui/YnruYxvTJxruinjvuvvu"*'

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