Jasper Weekly Courier, Volume 40, Number 47, Jasper, Dubois County, 29 July 1898 — Page 3
IV EEKLYCOUBIEB
. ihm:. hMMM jAtfttt, I : INDIANA
T
A REFLECTION
f - By WILLIAM BUCKLEY.
11 l.l.T like Corte, upon a BWnsorobU occasion when the jeweler' glass Joor waef behind me, and, marching up lo the counter, 1 asked for a ring. ring, Mr?" said the attendant, a , elfMjr to Ml lager tips. "What sort of ringf n engagement rin;'," said 1, va.or-
aesljr. -What sie, sir?" demanded the man. i ickcttng me mentally. Five and a half," 1 replied, thinking t,f Um glove. That rather un unusual size," he remarked, rubbing one eyebrow , "a&leaa I'M i beagle the lady wants." Tin not I Of t tint she wants it It all," ! murmured, producing the little tandilwood scented bit of silk; "but that t he siec, 1 think." "O- it's the size of the lady's 'and," he observed witb mild tolcrat ion, unrolling it. "Well, sir, ladies' lingers vary in girth, ami it's more usual to ii; .hem with a picea of Mfdboardj but we'll do our best." ( uld IM! tJie member be recontitut. d V" 1 asked impressively. '1 hut knocked the eoneeit out of him ; he stared at me helplessly. MPU1 it with powder or something," I avntslnsd.
It took him five lautet' aeif-dieeip" I'ne to grasp the startling novelty, but
I . ,1 (1. am!, under mv direction, unci:
the third linger sheath with plate BOW
ü.-r. which 1 rammed nome w.wi my
f. nril ease. Then, producing a mima
tir,. ealHper, be took measurements, ud beg -.a to seareh bis scintillating
..ni-U riisnlavinsr a n-v ereni familiarity
moat impressive to behold. Cleopatra, b w they dazzled! 1 arls, rubies, emeralds, diamonds, carh challenging the
o.lmir.-itmn. but clu ck n.ir the desire ly
the Barren parchment slip attached set-
lin'' fortn t:ie pr.ee. i. to, i .'). j. iuo.
it vvn ..armed place, where money
l,(,t its enerv-dav hieir.ncanee, lor wnat
BM of spirit w ould be COBtCBl to offer
t . , if'.r! of his heart a thing costing a miserable tenner when elose beside it twinkled a ro.-e diamond worth a wilder peal of "n Bl k. ysV' 1 felt almost pauperised, reeollecting tkel I had only i75 available from the Derby hundred. "Now. sir, what do you think of this?" -ked the shopman patronizingly, as BC dtsplBjed Bt opal ehaugeful as the shifting laaUgbl on a misty sea. "It's exact) tba lady's size, wtklng allowances, for of course she won't want to w ear it over 'er glove." "Are HOI opals unlucky?" said I, enJe iTOring tO decipher the price. (. we don't hold with such superVtitlon." replied the jeweler, loftily, but tiiey do say one will keep you from teeing poisoned." "Then I shell leate it forthe next rich Widow," l answered. "But what is the cost of this'.'" I alluded to an emerald set nmid pearls wl ich I already saw flittering on ah l,.. l i.f hand in the world. lie ex
tracted it witb a silent respect he borrowed from my eagerness, and made a measurement while I watched him, my heurt beating madly. The si.- w as exaeily ti e same; the price- but that is a letliL I derided ipon it. The shopmat: t beaked me perfnaetorllr, and I
leaved against the counter, feeling like one who had received a great favor. Hut when I fumbled in my pocket for the notes and heard their crisp crackle, my confidence returned, and then as I w .tiered the splendid thing flashing in its Hotel bed I believed I must after all l- a rieh man. unkiuwui to myself, so grent was the suggestion of unlimited wealth thus com eyed. "I should like a piece of glass on the Inside of the case lid," I observed, care i. wijr. "is it usual?" That's 1 ..king glass?" queried the lapidary, glnaeing up from sumpütious examination of t he note.
I nodded 1 knew 1 must be getting Ted. Weil." he remarked tolerantly, "it'a Cot i xactiy usual, but it's a pretty ide.i 'ightens the attraction of the gent, makes the hnly seethe present from two i nta of icw." "Herdl un advantage sonietimes, I observed; "but can you do it V" "Well. yes. I should think," he replied Co ii ilc see ndi ugly. "Tin n j'M it done, and I shall stand tbe recket!'1 1 answered, natgalteentlj. Re hurried away to effect il .-alteration, bis piece being taken by a bald I t nlcMiian who wore spectacles,
end talked to me over them soothingly,1
i- o would to a person of w eaK inieilect, while I formulated piratical schemes, aed asked him puerile quesItBBa with a gravity equaling his own. Wh. t, I left the shop I headed straight for EUoomsbary square, but, reaneaa beting that she might be just then oc:udIk1 bl domeatic duties, decided to
call Inter in the day. Even the ring j
i my pocket gave me no HQiwnwi BOUt Ige, and pres. iitly I begnn to think ( t wiis not quite royal enough. Edging my way to Kegent's park, I hunted out u ipiiet spot and sat down to examine j it ut leisure, it was glorious still, but , - mehow r.ot so glorious as I mihi l.u e wished, and I was actually questioning the wisdom of my choice when an apI acbing footfall iiinde me elose the1 .ie. It was light, though Arm. and t he ! everlasting flint would have worn well , bene it I, t. Something, more of the
i&telleet than of the sense, made me oul, up, and I saw her. The sensation of beinir shot through
the heart has not, I believe, received adequate literary expression, those who! cxperieac it being usually pivoccupied
t the enact moment vlth other mat-
ters: nut 1 think I know what it means.
-hv st. ppt d, and we gazed at each otfcy er. hi was In fC4 f duck. but tbe palirked gone frOBa her oral cheeks. She made me .i hu ft' ntutiveboW, I sprung to my feet. "I'm ao glad to see you," I cried, "bemaaa 1 want to restore something you forgot in Ika reetetuaal yester- a few Week- ago." "How kind of you!" ale said, coming near. "Oh. not at nil." I replied; "but I
hope you wire not inconvenienced. 1 should have sent it, but I 1 didn't." I put my hand in my breast BOCkel hurriedly and extracted my handkerchief, which in turn brought to light a sheaf of letters and memoranda I shook out at her feet like a skillful conjurer. Tkei tried tlii- other pocket, but ralBiy, "It's a glove," 1 said, weakly, fathering H m.v belongings; "one of yours, don't you know." "I recollect 1 missed it," she said, coldly, "But the cab vent so Quickly." I
LAND OF THE PENNY.
O-r ouMirr ItOCMBI BaWleasB " Ihr l.rril Uork uf KlHinrlal l.lltr rallon.
THE LEADER IN ."il. jUU1. '
wsfeeenaan "akaeb" Waadä aseeaea to uimiion ia m pceteetaea tHUii riilcur.).
plcadec; an, uo sit a own uaui i aaa
I was in a gentle .er-
it!"
She did SO.
spiration.
I'rav do not take ao moon trouble,
she murmured, plaintively.
'Int rah. 1 have it: 1 erect, and 1
extracted the wisp of silk from my watch pocket, where I had thrust it on
leavta the shop.
to kind of you," she observed, tak
ing it. 1 hen the powder ran out otct j
her dress. "How stupid !" I canned, completely
demoralised now, and, retaking the
glove, I shook it vigorously until l nan
created a miniature dust storm, hei
aaeesed. I deeoatlji wished that the flying machine was an accomplished faet. "It's ruined." I muttered, woefully, for it certainly presented a piebald bj- , pearance. She smiled. I iat rtowu, Myiiig, desperately : "Would you allow me to keep it the thinir is of no use now?" "Why?" she answered, quietly; but . the voice was low. "To remind me of that happy day," I replied, shying. "Indeed? I am glad that you think of it aa a pleasant or.e," she said, gra-
HI ekiC v;
WHY
siik a Nsw i:ki:i. QUIETLY
ciously . "Mr. Turr.bull was declaiming all the way back in the cab. He seemed prejudiced against you." "He may be described as a man who means we'll," I observed, severely. "1 hope he said something actionable." "(Hi. hardly that!" she answered, laughingly; "but be seema tc have changed his opinion late'y." (That ia the luncheon bill, thought I.) "Your
name happened to come up in conversation to-day, and he said -" She paused: a sudden flame leaped into her cheeks. "What did he say ?" 1 demanded, trying to look away. "He said you were an honorable mat ." she replied, the point of her parano! tracing a lop-sided iaoncelca triangle in the dust, "but" "Ah. there is much virtue in that 'but.'" I observed, bitterly. "That y ou ought to rettlc down." she continued, tocelng her head and rising.
"S. I shall! I cried: "Put it lepeuua j upon my lady. I bavc her portrait here in this ease. She ia the only girl I shall j eer tare for in that way." I added, be
cause a little qualification does no hattn i at even the most exalted moments. "Hy , the way. she is an acquaintance of oiii-. too." And. pressing the spring, I
I handed the ennkct to her as the lid Bea back. She glanced at me etiriously, ei y i aie now . I. w ak about the kr.ees, watched a child trundle a hoop past u. She uttered a little cry that sank into a sobbing laugh. Then she sat down beside me and put one of the hands I hope to hold when death berkBan me down the last dim turning of life's rond into mine. "I trust she will make you a feed
wife." she said, gravely. And Well,
surely, man born of woman can gnew the rest. Black and White. Another l.lnllne Theory. The tender affection of Mrs. (iladatonc for tbe dead Btataeanan was characterized by implicit faith and reyerent devotion. An Kngliah bishop was ti guest at Haw in den castle and joined
in a eonvereatfon wttn Mrs. uiaaasooa and others concerning tbe Armenian atrocities. "Th-rc is one above who knows." piously conrlnded the bishop. "Yes." replied Mr. I ilr.dstonc, "he'll be down mi a minute or two. Be'a
epetaira washing bis hands juat now." -an Francisco Argonaut. A Xew Title. A great popular preacher of tne late eighteenth and early nineteenth centuries v.us William Huntington, 8. 8. lie explained kta title thus: "Aa I eautiot get II. I. for Waat of cash, neither enn I get SI. A. for want of learning; I be re fore l am eownelled to fly fot
retuge to S. H.. Liy whlen i mean, lyar uer Baved. "Household Werde,
TVrneritv aud delay are the eiieiniea
of all reform. Nations that are entirely ruled by the rich men and politicians cannot be relied upou to lead in the geat work of fkiam a. Ilbeeatloa. Atient this principle t; F.ngiish suy : The guinea skulks and the paaumf fights." Francoand Mime other nations believe 'n the bimetalli- BBala for iheir linam ial MfalBkM. but it is certain that France will never take the lead in tbe financial war of liU-ration. In one of the great international conferences on the silver question M. Sav. the French rcpaaeeatatba, saii: "Fram-e lias adoptel a waiting policy." Temerity and delay are characteristic of all of the acts of that nation so far as the
nilver question is BOBcaraod. The n-n--iin is that France is ruled by a few men, the peopb- really CBCaing in for n very small share of ImtueacC With the rulers. Than, dartag Ihn conference of 1TH the position of the government was dictated by ore or two men in high power, in spite of the expressed wishes .f the great masses of the people. Franc- will never move first in the procei I ion. When asked what she N doing for the re-toratlon I of silver., she simply points to the past and -ays: "See what I have done. For more than 70 years there was a voice I that went forth from the banks of the j Seine crying to the whole world to hring their gold and silver and France , would exchange them alwaya at the , ratio of BfteCB and one-half to one. i For more than 70 yenr France kept the ratio of the world steady." Hut the ' past France dares not repeat. So far as
I flnni.ee is concerned she is now nvinir
on her glorious past. The Rngotnof the Bothachllda knee deprived her of courage and of action. She is willing to advance, but dares not lead. Her Napoleonic spirit has departed. There the guinea rules and the penny is in prison. Only in a land where the penny rules and tiie guinea olieys is there hope for the situation. The people are not afraid, and they can be-trusted. They took up the Cuban problem and did not breitete to aoira it b? the heroic method. The rich Bad the politicians held back, but the people pushed them on. Had our government been as far fn.m the people as that of France we would not now be waging a war in the Interest of hi-manity. We know h.w persistently some of the great lights ted that th" flrt iciories would
i... l.ot the neonle aftid: "We
in sec." Cecaaec the people rule in
this nation is why America must nnd will be the financial liberator of the
world. We w ill save many lives by the w ar for a free Cuba. Bt it w e will con
fer happiness tm peoples in the eastern nn.1 the western suis, and the good
fruits of this war will appear through
n hundred ircnerat iceMB Bat America
will save more lives and confer more
t.finniiipss when she leads the battic
line for the financial emancipation of
tbe world. The fruits of thai war win
1 .i tn nil I leo ! . Ics and to all t imes.
In three HBOathl of war with Spain
friis nation has t.-.ken a crcat step tor
w ard. We are looaalng up marvelously
to thi vision of the foreicn diplomats
The results ha- t BOrUBS from our latent
muscle and mitid. The same forces r nrescnt to be l"ve!oped alonjr the
line of commercial supremacy nnd of financial independence. Bat the leaders in the government wttl bold back till Ihey are pushed into action by the people. H r THuwrow.
aeanjnjanjaManaaeaa
Mr. Hiand's renomliiation was a matter of eourae as Iii election will be. As long as Missouri can keep him
in Washington he will be kept there. There ia no clearer or more forcible Intellect than !ii in the polities of the United States, but he has something that is more urgently i ceded in our
public affairs than any force of intellect, how ever great. He ha t he moral force which can come only from Oaadaeea of character from genuine goodt teen. Our public life is full of intellectual, brilliant men who are morally rotten. If mora! rottenness gave out the odor which warns us againat the presence of physical corruption.
Washington city would smell like a eherne! bouse. Our politic are being degraded more and more nearly to the level of our busines methods and under the corporation sy stem as It is abused, these are characterized by the fraud, perjury and extortion necessary for success in inflat ing capital, in selling watered stock and bogus londs. in reeking unjust and unlawful alliances to secure monopoly, in a thousand shameful and foxy devices for taking advantage of the ig-
n- rant or t he u nw a ry . If we go on aa WC are going under the trust system, continuing to develop the spirit which the abuse of the corporation laws ha produced, we will become a nation of swindlers and confidence operator, among whom the most successful liar, the meanest and most rapacious cheat who is willing to sacrifice most for the aki of money, will be the model man.
admired Wfore all others. Against i
t)ii tendency the presence of such
men as Bland in our public life is the
liest nrotcst we can make. Wime wo
r -
have such in Washington, honest Americans can always have -ome one
to whom they ran rally in the assur- . ... . i , . i
i i,,-,. that they win tint oe aecciTeu or
defrauded, as they have often been
bv nun dir. sable leader. F.laml might
have been loaded down with tbe fraud
ulent stock of every lying, cheating
corporation in the country. He might
have been "taken in on the grounn floor" of tbe Standard Oil company
and its allied corporations. n a man w bom democrats once loved and trust
ed as a prent b ailer has been. 0W1
P.land Is incapable of nenninss. of
cbeatiafj, of stooping to grapj !e in the
muck of the filthy reword piatocraci
offers public men for their sot Is. Ilia leadership of the Missouri delegation
makes Missouri now the leading state
In the politics of the union, the only
mir c n nable of holdlne? the breach
i - Bgsinal the combined forees of toeraev.
THE GOLD STANDARD.
ita njeeeAeaetaneaat i i w.m Qaaan Irrrpnrablr Injury anil njtaaaOee naanlnaen,
GOLD THE RULING MONARCH
t ..million. UbttiliilDtf la fade totr I'nat irurblB Thoea U hlrh I'rrvall .Unud.
plu
THE FARMERS' REWARD. IteptlMlenn WwM llnve It it-nr That t.oil n ml Nnlnre r la CeJMBwta nt theae.
STILL SIXTEEN TO ONE. The Principle" of the i lilen Platform Irr Proof :ilnt llond s,nrk.
The $v0.ono.OOU in bonds and interest-bearing certificate which plutoctm I nna eeated frona ceagreeeeea not needed forthe warBiraii 11 Span. Not a dollar netd have been added to Iba dt bt for war purjioses. nor are these hat ia really intended for war purp- BM. 1 1 . ir re:. I nuriiosi is to prevent cor
poral ii-n currency from Belag retirr.l. and its piece taken !y cash issued by governn.etit. The Ikuiu issue was forced by desperate and nnscrnpulou-. iliseiples of .lohn Lew, vvh ateh to Mep eanh out of circulation so that they can inflate the currency ertth ectfparatlcn note, circulated at the highest possible interest rate through a forced loan of the credit rf the neolile.
The men who did this arc anarchists and dcspcraib.es. Sittincin tbepnrlors of their London banks, they plot to be gin war and to overthrow governments that thev may increase their profits Their band are reeking with bloodhed. They care for no law . human or divine, which threaten to stop them. If they can. they Will enslave the pCO 1.. nf America as thev have already
enslaved those of Ireland and India in one wav. and of South America in an
other. They will never succeed in subjugating America. When the ( bicago platform was ndopted it meant unMirrcndering resistance to them and it means It still -Mississippi Valley Democrat. We cannot but believe that the Dinglev meas ire ha exhibited In its
first e.-.r nearly niiiMiniini revenue psibilitie. The truth seem to be that our manufacturers are working ao eloaeljr to the level of prices prevail
ing in outside market ami Have oeen bo little affected In hat position by the nc-v enactment that revenue and protection no rOBgCr travel together. -Springfield (Mass.) IcpabHcaa. We love Mr.Hannaforlns Fourth of July patriotism, but nevertheless it will soon become our painful duty to ttop talking about glory long enough to hear the eeidene of fraud and bribery in the Ohio senatorial election. MHaanlppI Valley Democrat.
"As if to reward ibe farmers for sup porting the gold standard." say the Chicago Times-Herald, "nature has fore, d the purchase of $f.C-.Mn.o(K of our products by foreign lands." It is certainly discourngir.g to find that both (lod and nature arc In cahoots with the republican party. It will lie new to you to learn that nature (probably acting under Ood direction) caused a failure of the wheat crop throughout the world, and starv ed millions of peo
ple in India. Italy. Spain and other gold stnndard count rie in order to reward the American farmers for voting for McKinley. Really, are these plutocrats lunatics, or Is it BOBalbir that their dope nre such i.ssesas tO BWeUOW such rot oftbat kind rot that appears as an editorial in the paper mentioned? Nature doe not. sipport a money standard or any other scheme of m.-m. She disperses an even-handed justice to all. and will wipe the republican party off the earth, even though it be a grent exponent -if "sound money. far dlaregardbag her laws, just as quick as he will gather Into the kingdom come tbe meekest, most elmmpish voting king that ever sold the billot for n drink. Hut white the pints can't monkey vllh Batata very much, they have had Iheir own sv cct vvi vs w ith the
working classes so long that perhaps thev hatte conceived the id a that they are in lengue with ied and nature. Coming Nation.
The herculean task of eatablishing the gold standard in India ha not yet een accomplished and the difficulties Of ita accomplishment bavecaused Lord George Hamilton to appoint a special committee to devis- way and mean to procure gold to place India on a gold basis. The apointmcnt of the committee has aroused a most Important dlaeussion in Kngland. Financier of 11 parties complain of the limited in-
quirv intrusted to the commitiee. i m-.v taatend that the aarjairjr houid be broad enough to take into consideration the propriety of any attempt whatever to reach the gold standard, and also the expediency of again opening the mints of India to the free coinage of litter, ir Robert QMfen, the lender of the p-n'd standard party of the world, limned in tdy after the appointment of the committee published a letter in the London Times on the 12th of May last In opposition to the plan proposed by
Lord Hamilton. Among other IMBga he said that the omission of the following nocet iona was a defect In the reference to the committee: (1) Wnetner a koM BtandaM Is dealraWo fir Inrlla. a subject not sufficiently eon- - - ,v i.r,r,! Ili-rschells committee.
and whl. h ta Indian Kovernment appears to have lliailaqealliy studied; and 2) whether a Kld standard and ROld money
are r. attjr practicable In the special circumstancea of India, a point on which i tbere cannot but I the rreatest doubts. The London Economist and the London Stnt ist. in elaborate editorial, concurred In the views expressed by Mr. i Giffen. nnd protested in the strongest I possible terms against the effort ut the present time to attempt to put India ' on a gold basis. Space w ill not permit the reproduction of these elaborate argument. It i sufficient to ay that it
1b the opinion of all the gold standard i economists that gold cannot lie nb tolned to put India on a gold liasis without great detriment to the finances of the mother country and irreparable injury and disaster to the business of India. If these financial authorities I had examined the question with as much anxiety and care 2.'. years ago the
L'nited States nnd Europe would not be suffering the intolerable evils of the rold standard. The war Iwtw cen bimetallism and the gold standnrd isthe war between prosperity and decay. Modem civilization la not rioe for decay. The realization
of the horror of the gold standnrd for India by the leading monometallists of Great Hritain hi light in the east, w here darkness appeared impenetrable. The position of tbe gold monometallists that the single gold standard in all countries and In every clime is an unalloyed blessing is abandoned In the case of India. The admission thnt it will curse India must encourage blmetallists throughout the world and ronfound the advocates of the infallibility of the gold monopoly Silver Knight-Watchman.
FORTY-CENT GOLD DOLLAR. The latrlnalo Valae of the Metal i Indicate'! Officially for a (rniorr.
Keeplei: tiilrt. Mr. Neison Inng v. .mthor of "a bill to produce revenue. has beta Bp in Maine BCeeptbag I renomination and of course he l as made soma speeches. Rut. singular to say. Mr Dingte? had not n word to any respecting his masterpiece. He made few discursive remarks respecting the war. but the burden of his oration wan an appeal to the people to "give new eaaphaala to the financial issue" in the congressional elections and in th? presidential battle two years ahead. Of course it may be modesty which impels Mr. Dingier to ignore his crowning achievement. Then, again, the faet that the receipts under the Dinglev law continue to fall further and farther betont the original estimates may beve something to do with It. In any event, we may be perfectly sure that, like its predecessor, the Dingley hin ill hereafter have to "do its own
atfciaiar" Its snons-or and fuglemen
airree with the small boy who. under however
certain embarrassing circumstances, enunciated the opinion that "the less aaid about it the better. "Chicago Chronicle. The democrats of Illinois will take n ) backward step. They will mar h under the same patriotic and BfBgrannH I principles that have been the tenets of the party since tht day of Jefferson and thnt were reiterated and emphasized by the national con vention that met in Chicago In 1995eIllinolaStata Ueelter
When neefde talk of the intrinsic aattaa of anld. thev mean its value for
use in the art for naakiaggBbJ leaf, for finger rings and for similar purpose. Thea i the only value it can have in
xl.litirin lo its coinaire value- that is.
to the list value given it by the mint
stamp and by its use as a money metal. When people talk of the "hundred cent gold dollar." they are right if they Bjieak of its fiat vnlue plus it value for use in the art. Rut according to the report of the director of the mint, out of over $2.000.000.000 worth of gold bullion produced In the L'ni'd StatcH from lT'.L' to i '. period of 104 yenr-oniy 245.uo ."on was withheld from coinage for use in the aria. Thus we have it officially shown, on the face of figures given by the leading gold monouietallist authority of the country , that on the averages of a century onlv about one-eighth of the 1
Wad for American gold has lieen created by its use in the art. The rest is the demand created by aninngC. and all other value (not intrinsic or created by demand for use in the arts) 1 fiat vnluc. II. nee, on the face of the official figure for a hundred years, the gold dollar minus ita flat value is a 12Vi-cent
dollar. If gold worshiper are shocked at the way their own figure put them to confusion we nre willing to concede that a much as .10, or eTen 40 per cent, of the value of the gold dollar may be "Intrinsic." Rut that is the maximum. The.-e i never likely to be more than that. The rest is given to It by coinage demand, and It w oo d disappear if the mint stamp and th government flat which converted metal Into money were withheld.
The 40-eetit cold dollar la all ngni.
The only dollar that Is all
wrong In this e.iuniry n me rniuir child-Tckelheimer. Wall street, national bank, panic-producing rap dollar which alwata stands for e dollar of circulat
ing debt inflation, and ia always worth hundred cents less than nothtng. Mlsaiaalppi Valley Democrat. He Had Bettee Walt. When TlaBna claims that he wa Injorsed hy Oregon, he forgets to add that he did not ask Oregon to wait for detail of hi bond grab before voting. -MlaeUalr.pl Valley Democrat.
In a local tin:i to ia) school, auxiliary to a journalistic cute rprinc. we are taught that ait ah-iornial growth of lue surplus holdings of the bank an accumulation in bunk vaults of money belonging to the people is indicative of prosperity. This is a new and novel proposition in finance. If it le conducive to the general welfare to place in treasure boxe, in bank vault or elsewhere. $i:.o per capita of the circulating medium, and permit it to remain idle, it follows that the- more money ia locked up and prevented from performing its natural functions, the better will the
condition Im-. F.rgo. bury all of the people' cash, und an ideal situation obtains! W hat rubbish is thin to place In-fore an intelligent clientele? What violence does it not do to the common sense comprehensions of the people? Why doei thai money accumulate in the bank vaults, here as well mm everywhere else throughout the country? W hy is the surplus in execs of the legal requirements greater at every money center than ever before in the history of t he con lit ry ? Why are the balances due to the United States
upon its unprecedented exportation of breadstuff last year permitted to remain OB deposit in Kuropean banks? Whs are many hanks in this country sending their surplus abroad for inveo neat ? Why is there Riieb a scramble for 1 he three per cent, certificates of indebtedaeaa ef this government, when the lowest legal rate of interest anywhere in the United Statee hi ioo per cent, or more? Is not the reason apparent to ttie dullest comprehension? Money, par
adoxical as it may seem, has become scarce instead of plentiful it ha become nmre valuable tlinn any other kind of property. The only form of investment that now lures the capitalist is securities, bearing fixed rates
of interest, paying at a given time and place, nnd t he value of w hich is enhanced rather than curtailed hy the steady fall in the value of all other classes of property. The poor man prefers these low-priced bonds to an investment In a home, because of the fear that Is-fore title is finally secured its selling price will have fallen below the figure he contracted to pay. The limitless undeveloped resources of the
country offer no attractions to the men of means in these days, for tb-
same reason. They shrink from in
vestment in property upon a falling market thev are waiting for value to
touch bottom. We hear of the enor-
naooa profit of this industry and of
thnt, but it is observed that few new mills and factories nre Ix-ing erected, and the tendency is nil in the direetion of consolidation nnd restriction of manufacture. A trust is formed by the consolidation of ten manufacturing concerns not for the purpose of increasing production, but forthe purpose of restricting it and the ten are worked half time or five of them nre closed altogether, pending the return of good 1 inies. And what are good times? Times When labor in all the fieids of industry is adequately rewarded. When there is profitable employment evcrwvhere for willing hands to lo. When there is a sure reward for energy expended in cb-aring the forest, in reelainiitiguioist nnd arid lands, in planting orchards, in digging ditches, extending railroads, building mill and in extracting the
precious metal (roan tne carta, wnen the deposits in the batiks do not far
exceed the loans. When people have
Confidence ia the permanency of vulues and the constantly enhancing worth of real property. When n n Baach greater profit can be counted Upon in every legitimate branch of business, commerce nnd mantifact lire that three percCBt. bonds will go begging among the capitalists of the old world. Disguise the truth a we may. nnd becloud the future with sophistical reasoning as we nre prone to do. nnd the facts return to torment us. The conditions obtaining in this country nre rnpidlv approximating those w hich I prevail abroad. Qold is the ruling
monarch. Los Angeles Herald.
I.. .1.1 la Hin.
Whatever may be th Isnarunr of the
contract the t nltel Htatp win qiscnatm all th" otillsatlons In the ciirreney reesa nlst as the best throuRhout therlvMisnl world at the time of payment McKinley. The people's money, says a New England manufacturer, should be used honestly and according to contract only. The' people have no objection to President McKinley discharging hi personal debts In money rrianfBbntl hy Kurland "as the beM." We protest to the use of the people's money in any other way than the contract calls for. either by him or any other trusted guardian of our finances. Theeor tract should he a snered compact nnd the people will demand at the polls that Bar nontineta be made to be kept nnd not to he broken at the request of foreigner, bondholder, or hanker. - Silt' Knight-Watchman
Would Have llee fletter. The Issue of bond is fatavl to prosperity because It take money out of business enterprises. One can Imapinehow much greater business would be if Instead of taking $500.vn,x) out nt escalation $500,000,000 was added. Hilter Knight-Watchman. ItKllipeanahle. P!pflches abused are a cur-e Qtilp Ves; but to seethe tmebestite of the proposition it isnecearj tobe one of tbe poor. N . Y.World.
