Greencastle Star Press, Greencastle, Putnam County, 3 October 1896 — Page 6

The Most Sensible.

iSSISTISi 10 MI is a pair of Gold Spectacles, and the only place to have them correctly fitted is at l]»o East Washington street. No one every sold glasses so cheaply in Oreencastle. l)on i trust your eyes to spectacle peddlers and jewelers. S. W. BENCE. M. D.

MONUMENTS. Meltzer McIntosh. Manufacturers amt Dealers in Marble ami Granite lYIOIMUIYXJSXtfTS - Best work and lowest prices. Office and Salesroom 103 L 1* rankliu St., Grepncnstle. Inil.

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Gas Flag and Ptabiag I will attend to all orders for gas fitting and plumbing promptly. All work thoroughly tested and Warranted to Give Satisfaction And prices very low. Give me a call. FRED. WEIK.

QUINTON BROADSTRKBT W. B. VESTAL.

BROADSTREET & VESTAL Bell, trade and rent real estate and negotiate cans. All business intrusted to them reeives prompt aitentiou. CaW and see them.

All Ye that Hunger Should remember that bread is the stall of life, and that CHAS. LUETEKE Makes and sells the best bread obtainable in this city; delivered in all parts of the city every day, as its comes from his ovens. Eat of It and Your Hunger will be Satisfied.

FL II. Ltimmeivs, V\\v\*vvvvv\\ VV'(\A ^VVYtVfcOW Office—In Central National Bank Building

DR. G. C. SMYTH K. DR. W. W. TUCKER

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O- IE3. 33^3.37-, Attorney-at-Law, Notary Public. l^ollectinns promptly attended to Alto ■ rT.npictiiw a general intelligence office for the^leueiit of the employe and employer, ve*i<£>r and vendee. Real estate a specialty. (fbkur over l entral National Rank.

A. T. KEhiHTlEY. M. J. KEIGHTLEY. DENTISTS. Over American Expriiss Office, GREENCASTLE, IND. Teeth filled and extraraed w ithout pain.

LANDES & LIGHT,

Shop. Southard Bldg.,5. Bouthcaet Square.

Corner 0m 52

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“OVER-PRODUCTION" FALLACY EXPLODED The Favorite “Argument” of the Gold Standard Advocate Is Riddled Beyond Repair by Governor Altgeld. r • < ^ D *r5,« • -7—. FACTS VERSUS CARL SCHURZ.

The Indiana fanner who finds hi.produets of every kind lower at tintime than at any other in the history of farm productions and, yet, is offered the spacious argument by Republican and other gold standard orators and writers that it is the result of over-pro dnetion will find a very full and convincing refutation of this misstatement of the facts in a speech delivered by Governor Altgeld of Illinois last week In his tour over the country in the interest of the maintenance of the gold standard, Carl Schurz has attempted to account for the fall in prices of all kinds of property by ignoring the fact of gold appreciation and attributing it to the increased production of the things which are now so abnormally low. The ludi ana farmer knows that the prices of horses, for instance, have not been reduced because the foals have been abnormally increased, or that his wheat crop this year brings him less money at the mill than it did last year because he has raised more to the a 're or had sown a greater number of acres, thus increasing Ins produ f v But when the Republican or the g(fd standard orator, which is practically the same person, tells him that the crop of the world has been increased and this increase controls the home market, he has no figures with which to meet the statement and, though he may question it, he is put at a disadvantage in the argument. Governor Altgeld has supplied the figures and in a powerful speech has shown that there is not only no over-production in this country or in the world, but. that the production is less than for several years and that the population, the consuming element, is constantly increasing. Answering Mr. Schurz on the question of farm products, the goveruor said: The Trice of Wheat. “In attempting to account for the fall m price of property, Mr. Schurz selects wheat as an illustration, and he attempts to show that there has been a great increase in the annual production of wheat; that we have not only opened the whole northwest, which is producing wheat, but that our farmers have to compete with the wheat of India, Argentine Republic and of Russia, and he assumes that therefore the price of wheat had to fall. There are three things to be said in answer to this. First, the increase in production does not produce a fall in price, provided there isan equal increase in consumption. This is self evident, and Mr. Giffeu, the statistician of the British board of trade,has on different occasions pointed out that for more than 15 years prior to 187tl the increase in the production of nearly all commodities in the world had been greater on the average, year by year, than the increase has been in any year since 1873, and yet, as he says, during all of those years prior to 1873 prices kept constantly rising, notwithstanding the enormously increased production, while since 1873 prices have been steadily falling, notwithstanding the fact that the increase was not as great as it formerly was. “The second observation is that wheat has not fallen in price any more than all other commodities. It has fallen no more than all property has fallen; has fallen no more than wages. It is not contended that Russia, India and the Argentine Republic have entered into competition in the production of all other products which our people put upon the market. “These two points show that Mr. Schurz is entirely wrong in his theories. The third observation is that he is entirely wrong in his facts. “The truth is that there has been scarcely any improvement in machinery for raising and harvesting wheat in th< last 20 years, and the statistics show that there has been very little increase in the production of wheat in the United States in that time. More is raised in the northwest, it is true, but very much less is raised in the central and eastern states. I have endeavored to get the most reliable data on this question from the reports of the various boards of trade and the government reports, which are recognized as the highest authority obtainable on this subject. Tin government reportsshow that the wheal crop for 1878 was more that 420,000,00b bushels, and that for the year 1890 the crop does not exceed 400,000,000 bushels. In fact, if the increase in population is considered, the wheat crop lias constantly grown less in proportion to the consuming population over since 1878. The wheat crop this year is about 5(i,000,00i bushels short of the average since 1878. and is 20,000,000 less than what it was that year. So that in spite of the opening of the new fields in the northwest there has been no greatly increased production of wheat in this country, and when compared with the consuming population there has been an actual falling off, yet 20 years ago the price of wheat was more than twice what it is now. “Again, in referring to the foreign wheat, ho endeavors to make the impression that there has be a a great increase in production, and artfully selects a recent year of the highest prod noth ill and compares that with an earlier year having the lowest production. The fact is that the world's wheat crop has remained substantially the same for 1C years. In 1880 the world’s production of wheat was 2,280,000,000 bushels. In 1885 it was 2,108,000,000 bushels, and that was the lowest crop of a number of years. In 1895 the crop was very large and amoauted to 2,553,000,000 bushels

Thisyoar the world's production is 130,000,000 loss than last year, and the total production of the world Is smaller than it has been for six years, yet wheat is lower than ever before. In addition tc this the crop of rye, which, together with wheat, furnishes the bread of the world, is 170,000,000 bushels short, yet in spit of that fact the price o.f rye has fallen steadily with that of wheat. It may also be remarked that we have the smallest oat crop that wo have had foi u great ninny years, and yet outs is worth lees than one-half what it was several years ago. Now, why is it that with the wheat crop of the world 120,000,000 bushels sli^r and the population increasing enormously, the rye crop 170,000,000 short, the price has reached the lowest point that it has ever reached in the history of the country?"

PREDICAMENT

OF INDIANA

REPUBLICANS

In 1890 They Praised Republican Legislation In Behalf of “Free Coinage” and Said It Had “Raised the Price of Farm Products.”

GOLD RINGS IN THEIR NOSES NOW

A Republican speaker recently congratulated las audience that the Republican leaders in the present campaign were not only united, but that there are

some Democrats who are assisting them in the effort to elect McKinley. This statement was based upon the evident purpose of certain gold standard Democrats, who have abandoned the principles of Democracy, to vote for Palmer and Buckner, knowing that every vote thus given counts a half vote for McKinley. But the speaker neglected to call the attention of his auditors to the fact that the Republican party has assisted in the education of its constituency in the value of free coinage to the industrial classes, and especially to the farmers, for hardly six years have elapsed since the Republican party went before the people of the state with a platform that gave silver as generous an indorsement as it has ever received from the Democrats. This was immediately following the passage of the Sherman law and that utterance has come back to haunt them in the present campaign and demonstrate to the people that the party has stultified itself by bowing to the will of the corporate interests and adopting a gold standard platform. In their platform in 1890 the Indiana Republicans declared: “Wo t-ortliiilly commoud the action of Hcpuhllcans in contfrecs on the subject of free coinage. Tile law recently enacted wan piiMHed In spite of persistent Democratic opposition. Vuder its benificent Inllucuce silver has rapidly approached the gold standard of value, farm products are advancing lu price, and commerce is feeling the impulse of increased prosperity. It will add more than $30,OOO,OOO annuaHy of sound etirreuoy to the amount in circulation among the people, and is a long, yet prudent step toward free coiuagti."—Indiana publican platform, 1890. The Democrats in congress opposed the law because they regarded it as a makeshift and were in favor of free coinage out and out. The law provided for the coinage of 84,500,000 per mouth or 854,000,000 a year and this, the Republican platform declares, caused silver rapidly to approach the gold standard of value, caused farm products to advance in price, and caused commerce to feel the impulse of increased prosperity. These are precisely the things that the advocates of free coinage say will result from Bryan’s election and the sober, sensible producer, who is interested in the advance in jirieo of farm products, the manufacturer whose prosperity is dependent upon the revolving wheels of commerce, and the laboring man whoso welfare is dependent upon the increased prosperity of the country will find in this utterance of the Republican party only six years ago a truth which is today denied by them at the behest of the moneyed interests of the country. But if the coinage of $50,000,000 per annum bought as bullion caused these blessings to result to the people, they may well expect greater prosperity to flow from the free and unlimited coinage of the same metal, at a fixed

ratio.

It is no longer a party secret that Chairman Gowdy of the Republican state central committee sent several of the nominees 011 the state ticket to Mark Hanna at St. Louis to argue against the adoption of a gold standard platform. They were commit sioned to say to McKinley’s manager that the placing of the word “gold” in the national platform would lose Indiana to the party. Among the members of the state ticket thus solicited was Attorney General K 'tcham, but he refused to go. Others did visit Hanna, but appealed to him in vain, for corporate interests dominated the convention. And it was for the same reason that members of the Indiana delegation, after General Lew Wallace was selected as the representative of the state on the committee on resolutions, held a meeting and seriously considered the propriety of taking him off that committee. These men are now going before the people of the stat” with a lie upon their lips and in the face of all their utterances in favor of silver, utterances that extend over a period of 20 years, they clothe free coinage with all the ills which they once declared and which time has demonstrated to belong to gold monometallism.

Traclt Tlicin a I.c*Hnu. There is bulldozing by the goldhng£ in all diiccHous. Let them be taught a wholesome lesson at the polls.

Declares That Enough Votes Will Be Bought to Fasten Upon Us the Gold Conspiracy.

M'NUTT’S SCATHING REJOINDER.

Hun. C. F. McNutt In ’’frre Haute Standard. We are fallen on strange times; times that are like sure enough to try men’s souls before we see the end of the busi-

Ouly the other day a prominent person here—prominent.^hat is, in what we name the money element—one of the national banker sjiecies, openly made boast that the goldoeracy propose to bu\ a sufficiency of votes to turn the silver tide. And wo are to understand, too, that the person did not whisper the threat us a thing too infamous to breathe aloud, but spoke it out as one speaks of purchasing sheep or horned cattle. To be sure 110 one supposed this man to have any scruples sufficient to restrain him from doing the wicked thing his threat contemplates. He long since sent his conscience on a vacation, and then finding that for any business he has to do in this world, he had no need for it, continued to extend its leave of absence until at last he does not even know whither the poor thing has journeyed; though wo as a preacher of righteousness take this occasion to warn him that he will be confronted by and by, by this castaway, and that it will have it out with him. in a Forum and Presence, the highest in this universe. But now he kgiows only that he is better off without it.

But one would think that surely his fears might suffice to suppress any open boast of a scheme eveijy step in the CONSUMMATION OF WHICH INVOLVES THE

COMMISSION OF A FELONY. And yet, such has been the practice of the rich and rascally of all ages. First they impoverish, then seek to corrupt the people.

But a bribe won’t last. It serves, when it serves at all, the single occasion only. It must be repeated as often as elections recur, and in the long run must under every possible law, human tud Divine, prove a poor and ever poorer investment; even wore there no constable to take into the account, no penitentiary doors creaking within plain hearing of the briber.

Or do these boasting bribers think that if they can but win this fight they will so fasten their scheme upon us there will be no help for it. No help? None, Messieurs, say yon? Then the law of gravitation and other God-fixed laws are not fixed laws at all, but will yield to pressure exerted from right, plutocratic quarters? Don’t you believe it, 011 your lives I

It was a fine, stately and what they called—“noble” dame of the reign of Louis XV who consoled the tearful friends of a notably wicked courtier lately dead, by the assurance that “God would think twice before damning a gentleman of his quality.” It was not 30 years later when Scausculottery was tanning the skins of “gentlemen” of the very same “quality," tanning their skins and making comfortable, if a bit gruesome, handware of the product.

Oh, yes, the law of gravitation is still extant in this world—is in fact a fixed law and continues to act at the rate of 10 feet per second, whether the thing acted upon be the dome of St. Peter’s or a bit of bird lime from the tree on your lawn !

But you ! Who are you. whose votes are thought to be for sale? For, of course, no buying in such case can by any possibility take place unless there be a sale. There must be two to even such a vile bargain, as there must be, to all bargains. Pottage is hard to come by. to bo sure, these strange, now days; not that it is so scarce, for all marts are full of it, all storehouses bursting with it, and cheaper than pottage was ever before known, if we but had the right currency wherewith to buy It. But Birthkiohtk! American birthrights bought at such price as never were birthrights before under the skies; have these fallen so cheap that Shylook and his emissaries can boast their ability to buy them as they would swine in market overt?

Oh I American men? Are you then no longer men at all, but only cattle? Or is this banker’s boast a burning, shameless libel on you? We are poor, we of the commonalty; poorer than Lazarus, many of us—having no clog, even, as he had, to lick our sores. But, in God’s name, are we so poor? So poor that we are willing to sell ourselves and our children into such bondage as this audacious, shameless boaster promises us? If we shall do this thing God is merciful. He will pity our children, but he is just, too, and will damn us! But, Sir Banker, grant you and your fellow conspirators can buy enough of the wretched whom your infernal policies have made so, to bulk this mighty movement for restoration — and you were powerful enough the other day to coerce a majority of the federal supreme court to overrule the precedents of 100 years and so exempt you and your kind from as righteous a tux as was ever laid by human law—grant you can and will corrupt and bulldoze enough voters to carry your scheme of universal spoliation, then what? Are yon blind, or only indifferent to the lessons of history? Why, sirs, it will not bo five years, at the gait we are going, until there will be an upheaval here as from the depths of all the hells, and the men who warn

you against yonr wicked course, and whom you denounce as anarchists for doing so, will be as powerless to stay or control it as you yourselves; while you, Messieurs, will bo the first to be tumbled into the belly of the abyss—blind fools t.hnfc vnn ar»»!

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