Jasper Weekly Courier, Volume 41, Number 8, Jasper, Dubois County, 28 October 1898 — Page 3
WEEKLY COURIER
J
pik
ixt 1MB, ' r IM! A NA
- -
CHILDREN OF THE
MORN
. the cMMrcn of the m in ,.r ,1 of III ",n ' 1,1 ; WV l.?ve ihr n.orr,lr.K far behind. iM we k n our tf WH I"". A j i. on,. uh .u w forer AVJ,.:; ,!n L.n.ath the n-mli.g BBT ,iv ihi itolJ' " hour decline. li'ff sure Ups:',..: .I.eUKht; . i . i. 1 a crimson line. The . WÜI. nd lcen-the lOBC, jOBg. P" Tn.M , 1 dr. am of u. w. ..! tl- d the mon.aK.i n? -:,jl. ' , .. u u Tin,
Scoliaiu. u " --
;iu.tvi.
W?4WW
I Breaking the news. ;
mw3
f YOU tklnk he ll take it badly, JuVJUlnultJ Arugftd ker akouh d, 'iv deaf Betty, you ought to know ,. , re about Mr. Markkeaa'e powera of rnduramc lbB J-" . . . .... H n -But hat - "u ,h.'."k L, U d? What do jrou luppoo ; -why watteourtimolneuppoaltioBl ,, "j I t' , re mo1 like tbla afternoon, "ndyoowlUbeabykJmlga for yourk,p'.,M Oakhnral sprang t Iut foot. .. i , coming here this ftOTO4HMl1 art,, on '" ;I' m f, n . ' Alll sl"' Mgeted nervonalv. wj i, h, r BOt before ihr glass as ehr poke. i:t yon know. Betty, where
TOU going,
; v win.' re
out Of IhlO." BTtod the
girl, laughing nereooaly a she stooped
t,i hi.- her friend, Nora, however, eaaght her arm. "Noaneaae, Betty J 1 ood mach hotter tell him etrnlgfct out now and pet V
over. It will lie evtr so much more awkward for ou if the newaweaefcet him from outside." "I doi.'t Wt tliut at a!l." returned Betty, qaietly, as she drew away fron; l.i-r companion. "I nm sure that if i! u,u-" Sle paused tentatively. "You don't mean to say that you cxpcol me to tell 'lid hfarbbam that yoa've jtlud him ."' -,I eortoinlj don't rxpect you to pu' I: in thi.t w;ij," replied Mise Oak ha rat, willi a little laugh; "hut I IB1 quite eertataJ thai yov erooW explain tt to the poor fellow mach better than aajr tine elac ' Explain t1 exelaimcd Nor:., impatiently. "I don't know that thore'i ... t hing U x plain i exeepl I hat jrowVe put jrooreelf nod me ib most rldlea Ions ptisition." Nora:" "I ariah I'd never had any thing ti!o it!i it. I never fit mi Bncoiaf ort able l! my life as I hue done sineo you i ragged reo into thi preofanta aehtcaM c I ourf.r' "Poor old Nora!" murmured Bottjf t npathetically, while the -ast furtive I ii a I the clock. "Noii eanae here and shed any nunibt r of tears: declared that you adored Ted Markham: that our father
nhlii't hear to an enpaeement. but
t Isn't fair to vuu. ti.d hoatdOS I thiauaj haw ahangedS J You menu thai Betty MhfkM Oakharal la gotaf to he warned." Nor. i faaped, hol 4M not ipcalc she i- enpaped to i.ord Barthorpc, I ii, t-t Lad) Oakhunl just aw, aad the V;- o. rilowinp with loving ItiadoOM to t tie uni'lil in venera I."
"Hem li.ii behaveil ahoimiiai y : put in Nora. Indignantly. I i i! M.u Kliain Kini'ei!. "I ihink. on the eotitrary. that she haa ihOWa remarkably good lenae. I am potnp to leave London; I really eame thU afiernoon to nay good-b ." Nora Id: her lip. "1 a in urr." ilie hepan. hesit a t in
ly. "I am afraid I was rather to Ma tie. Ottt I thought BOttj really eared, andha left the aonteaee vain Iah ed. Ted hfarkham'l demeanor puzzlei! htr; he arai quite white, and then- n a look in hi- eyea which troubled h r. Yhat w a- '!,. re in her Ia0) haired bin -. yed little friend lo niovt- a man so'.' That her companion had taken some preat reaoluttou, and that a siniru'arly ditliCttlt "i.e. It wai easy enouph to per-
colve.
'An- you pointf 'f he away '.onpT' he ake4, awkwardly. "I mean, are ycni Bating far?" "I think of goinp to have a look at the aotlpodea. Mj fatker haa aom Intoreat, and I hope to pet teilt off tc hf urne." "Hut haven't you mail up your mlr.d Mther hurriedly?" the objected, timidly. Hurriedly? Why. I put thing! in t rail, w eek- ato!" "Weeks apo!" she exclaimed. "Rut Betty'a engagement i pulte fresh. Did cm suspect " "l auepeeted nolhinp. I knew " "You knew!" she exclaimed, ituiip Rantly. "Then why didn't you speak'' YYliv didn't you tell me ."' "Tell you!" she atared at him. hitone war ao vehement. "O, about i. ,...,i"
I . I V , II", III .1 II . of eourae. Wha
men n ?
Nothinp. of course"
CONDITION CHANGED. ISSUE OF THE WAR.
Truil I l Urpobllcan Lfguiuitou vie Tnoapttaaj Doww I It ' ,!.
Uvn MrpublleaH HaVO tOhOOl 10 the war hoaodng of t Uli.
Uai
eis- eonld 1
"Itea'ly. I don't tmdertand you." lie laughed rVraarily as he rose. "No 1 must not explain. Ooodby." Si e looked up at hin; with atartlen eye. "You are too hard on Retty. She -
"On Relij? Don't you know that I
w HIIIII 1 mar io .in i iil-iii'i iiii iii. inn , , . -m i v i i-..i .- l r ' umed away that If ron only had a little time before v. r .1 nr:i tooK
you. you were Mire every 1 muff mu.u
fotne
WHAT DO Vor TJIINK HE'LL DOT' bavit I ! h uL:ht of her for weeks that 1 fooad out long apo that we hud mailt a Rriatakef "Then, why are you poinp?" She manaped to keep her eyes upor. his face, thengh herckeeka burned and aha felt alaaoat choked. In.n't yoa know that I am ainiost a panporr he sail. bitterly, as he
riarht
so it has." remarked Retty. aotto ore. "It's onlv a qaeation of point
of y icw "
Nora flashed an indignant look
1
at
1
on 10 to
I think you might be serious now.
Bftd at least pretend that you re I ndamed of yourself. You In pped ne to help you to pet my nunt to ask iiiin
re. to art a screen. :n fact, so trat i
roar people might laaaglnc it all ver and that you hud hotk ehOSged your iiiind. und now now "
The sound of a bell brcke in upon Hiaa llelmsley's elofpienre. and Hetty I aagfal up her gloves. 'Tin awfully sorry. Nora. Abuse nie as much as you like. Hood-by."
And before Nora could stop her she ul darted through the door, and yyas
her way downstairs. She let her After all. it never yyas of any use ircue with Rettv: he was one of
thaae delightfully irresponsible criH-lure:-yvho always manape to shift the blaaao of their kiwttliawlllgl on to dhpeople's should rs. nn-l wkoOB no - i ao man. at any rate everdrvnins o ttadglng by ordinary statidurds. Nfr wondered, n she stool there Ml) looking into the sireet, hoyy she OOOM ever have Im-cii foolish ciiouirh to take
. 1 1 y 's loy t t roubles seriously. Nora siphed as she stood at the win-
w. It yyns a top-y-tury v world, and
yyronu people were always being
thrown together. If mly "AM I disturbinp you? I yyas told to Pome in here." N.,ra slnrted, and the BOiOt rushed to I , i fac. "b. I hadn't heard you come in! Do it dnWB, Aunt isn't Weill I am so orry you sJioo'i' have had the trouble of railliai for aotklnar, hot she hoped
he aMa to po until the hist moment, ui't you let me give you some lea?"
e spoke yyith nervous hurry, aearre
liausiuir Nir an aaawaf.
led Markkaia took the chair ake of rod him, and listened in silence yyhilr
rattled on. Suddenly dir sUii'iinl.
ii-cious of his fixed fiance. Hli any thinir the matter?"' she nsked.
u sliphtly alarmed voice. It vvns
rely not possible that he eonhl it adj have leartie! Hetty's treiu-hery . N ea We can't jro on like this. Miss haakej V "N Nuru felt the color iro out of t fa!.
a step after him. "Are
you poinp, he askeil in a tremu.'iip voice, "because you yvant to make your fortune, or because becauae I am too rich?" "Nora!" She coy red her fare with her handa. "O. if you were not in lore with Bftty, didn't you aee didn't you guesa weeks apo- - The eoieea of the chaperons were loud in condemnation when the engagement was announced, and the mothers of younger sons and unpilt titles declared that I.ady Hewitt had allowed her niece to throw herself away; wkile Bettf Oakhurst shook her pretty head and reflected sadly that men wer.' tickle creatures and that feminine friendship was but a broken reed London World.
In an tntotrwlon Oith u Cleveland reporter Senator Hum makes, the highly unorthodox adwIaalnB that the ekaaeao tor success tot the strupple for life in thib BOOB ry arc vastly Its to day than ihey WerO wine -.'j year ap;o. This is most du.igerous d Of trine, uid the mi .it or is likely to tind hmisj-if class, d with the ai.arehia'.s and fo-
meatora of social ctaooateni, ine proper thing to say ia to Insist that every young man to-duy haa just us pooti a ebanea to beeooM a Goakt, a Vanderkdlt, Huntington or a Sanaa aa tkOaO worthies enjoyed when they begaa the pleaaant task of exploiting the people. The a. rial pkiloeopky yy hid, wa- supposed to be safe and coiiBOrvativo ii.si-ts thut opportunity it as
preat noyy as it was i.elore corporaw capital had It arm d the art of dehauchIng Ii . atom and aec uriup control of all the natural monopolies. Senator Haana, for a wonder, dc.he to this lie I ion. He
hmits his bright promi-o of the future to the chance that young men of ability and industry may, if they are in the employ of a pood concern, get to the top in time and enjoy large salaries. 'I his is aa abandonment of all the idicale that have mad Americans
pushing am! propressive. It is a confession that the old Amerieaa determination to achieve independence, to become your own master, iadoomed in the oew condition if the twentieth c. nturv to failure in the majority of
raM's. And the worst of it is that what Senator Banna says is ti ue. From u B&lOU Of mea striving upward toward de pel dence and sclfamployment we have become a natloa .-.f .rrvnnis. only BOCldM to improve
i mnmm de-rree the conditions of our
uniiU(U. Tb. Dahlie landa which Ib
l.vfrrm years offertii a tielc! 01 con
tn'thi .c yvho reyolted a::ainst in
dnstrial servitude are pone. Ti e preat
..ArnrrntilillS Ul.d tfl ttO, iuiilt U( by
.tii . .-1 r r f rTll blienr. ii rrislat inn. have
, ,.ir..,.n.scril)ed the held of individ
ual effort that for the clerk to be-
rm. .-i merchant, the artisan to In
-...,,. .. ,n!.inif:icti;rer on his own ac-
x oiio -1.1 a i- ntm. st -a, imnossible
count, is " 1 - a the 1 akora of Here ilea.
VI . i r. y r the neoi.'e yho have bui.t
up and who BOW enjoy the fruits of this enormous structure of monopoly which loerowdingtfce people down in-
serfdom are not he nun wnos
per.lus and capacity for syst i mat izinp i,.,iti-v hava iaanroeed and are im
T.iovintr systems of mauufactnro or of 1 - . Tl.n
T inr riirr 1I1CT1 to CO luHli o
triKi maaiustea nie men skilled in jug
plinp with stocks ar.d bonds; the railroad barons are men who knoW how to
"rmr.mn'ize" cornorat io! ; the UO
trrn i in ! HUB and the unlit :ir,' at the top
Mr. Kockefeller hires men who know
Imv tfi make oil. w'nile he devotes him
.elf to the more mystcriou- operations
of etlalBg competition. Mr. tarr.ej.Mi fii.il relaxation in foreign lands while
lila hired men devise for him methods
of ch apetitllg and improving steel und iron. It is well that the- people should miVrst.md the condition that exists, and
It is t her.-fore fortunate that so prom
inent a Ignro aa Senator Banna akoald h:f the brutal frankness to ad mit it.
Bat to accept It as inevitable, as in-
cic.l.lr of remedy, would be criminal
fnllv The remedies nre at hand, ami
the' people have power to apply them
yyhenever they vyill best ir t nemrw i u s.
The attack on monopoly the monop
olv of lard, of money and of opporttini
r'str-nnouslv urtred. will in time
yy in. Wi wi'.l then see fewer preat cap
tains of industry, trat more iooepeno
ent Americans. N. i. Journal.
As democrata we do not believa ia Blnlttttng the credit of the war with Spain; we helieye the whole great Amerieaa nation) i entitled to that honor; but ny broueuor, Hanna and Ufte repnbllcag conpreavaior.al cominitlea haea made uch a ahaUoage, and for nartisan nurposea are claiming
that the n publican party and Mr. Mc
Kinley are entitled to an tue en on. aa becomes us tO state some of the facta of history and show that every effort yvus made by the administration and the republicans In congress, with a very f v aceptloaa, to stifle the public feeling in favor of freeing Cuba, and that even after the destruction of the Maine the peace party had control of the administration. The democrats In congress were united in their ( (Torts to pas a resolution declaring the belligerent right of the Cubans, and the republicans placed every obstruction in the way. Mr. Heed, the
sui.ikir of the house, refused to aj
I The Currency Question.
PHANTOM MONEY. Thal I le Heal HaaU Hie aaOMttSa
una iiiiiuer mi gooala tf "r. Iiitf liinnrd,
I 1. :i no loLMsts of the told standard
w a aud contraction contend that but little
actual money is needed to transact the business of the country, as the money ymk is chiefly performed by checks,
ilrafts bills of exchange, and other
credit instrument furnished by the hank. These credit instruments are
all of litem mere orders for the paj
,.. t ,f tiiiiin-v l'iveu bv a debtor to a
creditor and presupposes the existence of money to be delivered in exchange for them. l!ut under the modern sys
tem of banking these credit are multlnlLad to u no. i;t that exceeds nuiny
fold the money in existence with which
sp ukc i oi .... - n . ti,,, ,ls,. 0f these
I 'Ol 11 t a 1 l ollim HT I.I Ii 1 Ol r li i. a l ,. , stra session w hich beean soon credits I. a factor in upholding pHoaa,
after the inauguration of Mr. McKinley, so that all bills and resolution of any kind, except the tariff hill, when
introduced, yvere merely filed to await
action at Ike regular session. Mr. Lcwfat, Of YVashington, or. May 17, 1887, attempted to overcome this by a rero lotion he Introdaced declaring for the belligerent right of the Cubana as privileged question. He made a very .Irnmr n r irn M II t . showinC that OUt
foreign relatlOBI yvere privileptd. and quoting epInlOM of former IpeakOffl and even the rulings of Mr. Heed to prove his case, but the speaker decided agaiaat him, He appealed from the decision of the chair, and the chair wai sustained by a yeas to 53 nays, all re
publicans voting to sustain tnespe.iK- ' .... a M a
er ar.d all 'he democrats tor i ret
Cuba. Similar efforts yvere maue ny
H itrmoerats from t 1 11)0 to time, but
the efforts of the adtnli.is ration and
the speaker prevented action and kept
the republican! in lire againai nva
Cuba. When the repular session con-
vned in Dec mher. I4'1', the commit
tees hnvinp been appointed by the
speaker, all bills antl resolutions re-
nir to Cuba wre refrrrtu. 10 uii
nnimit 1 pi nil foreiirr. affairs. No re
nne! under favorable conditions a large
amount of bOUslnc OOJS be transacted
t hroiiL'ii their use
r.normous profits accrue to the banks
v,-,.,,.,v, ,1, nniltiii'ii'ntion (d these
llliuni. -- I ..e... lit devices, ar.d when such are used
to perform money work they may prop
erly be denominated as pnantom
ii.onev."
The multiplication of bunk credits n.! their use as money substitutes a
peril to business; and invest the most conservative and legitimate underiak-
!n.r with the elements of speculation
or:,cticnllv reaching a point where all
buaineaa "otKratious are subjected to
iIip vicissitudes of chance akin to
gambling. The desire among men to jret something for nothing is. so general ,1,,. i? nan n I most he said to be Ulli-
iii.ii - - versah Modern bankers, through the
miiliiidioation of bank credits, have not
only devised a plan to sow shadows and
gather BObetance, but Ihey have perfected a system of financial legcrde-
Mflin soeunnimrlv constructed that UM
vits AnH dune, is involved in it have
I in a depree eluded the afs'ntion of the
I business world
'CK mmpmrlll In OUtlaW silver BS B
i . . 1 V.
. r.w.n mis in.'i i ' r ' oy im
COnilDIUIT oil loiein - - i uiuiiri ..io"' " . r - -j pe rt yvas made on a ry of the Cuban i bondholders for the purpose of making ... r.. t r-l m IsO! Mr I .nn.r iiiMlilcnr T heir l)U rnOSC
lr .Innnarv 1'.'. 1.'. -ir
,ll,l.. - '
Druck r. of Michigan, int rndu d a resolution directing the committee on
foreign affairs to report without tur-
Iher delajt senate resolution IvO. 2,
declaring that a slate of war existed
in Cuba, and that strict neutrality
should he maintained. Mr. Hitt. th
chair mi a;-, of the foreign affairs committee, made a point of order against
the covsiderntion or the joint resolution, and the point of order was sus
tained by Speaker Heed. Mr. Brocket nnnrn'ed afainst the decision, at d on a
.' v: ion ihe chair was sustained, veaa
nayol25. (See Congrrssionnl l.eenäce K1.) The votes that sca-
tained the speaker asrainst takine ntiy action in favor of t he Cubans yvere all
bv republican, ar.d the demo
crats voted unanimously In favor of
th( ..nie. It will thus he seen that the,
reonblicana were determined to do
nothing to aid the Cuban.
1
d
th
Io W Kti lv
f.
sli
ill
Hi
llrar! Hrsr!" The parliamentary "Hear! hear!' was not H.yvav an expression of approval. So one learns from the moal recently issued part of Dr. Murray'a great dictionary. The phrase was arlgfnnttj "Hear him! hear him!" used a un exclamation to call attention to a peaker's Wolda. We have a record of its use la MW, and as late as 176:;. A member of the hOOBC of commons in Itr.s. beir.it interrupted in a speech ly a "Hear! " retortesl: "That very WOTO, 'heart' I dread of all others:" and a member in 177i referred to Itfl use 81 "disorder y." The unabridged form "Hear hiin!" was in ne so late as the beginning Of the present century. Cord Stai hope tells us. in his "Life oi !; ! wlieo lka1 statesman re-
tppeared In the house of commons in May. IMC. after a long absence in o . position, he yvas hailed as he aOMMM d up the gangway with cries of "Beat hlmt Francis Horner, yyho was in the strangers' gatlery, noted as a rcaaarkabte thinir that when Pill rose to deliver his memorable speech on that occasion he was cheered-met with erics of "Hear him!" before he had uttered a word W haye Warmer blood nowadays London Chronicle. Imaaaeeal in a iMiiar. Clement Spohnan. of Narbiirir. once recorder of Nottingham. Wkfl died in
itiT'. is Imnaared nprlfhl ineioaeo in a pillar in NnrtMirg church, so that the inscription 1 directly apainst his face. This is supp led to he a solitary initatce of burial in a p'.llar. although there are many instances of burial in an upright position. Detroit Fre' I re a.
A llaslardlr Act.
Writes a correspondent from Wash
button: "One of the most dastardly
. . crimes for political purposes yvas com
mitted by the war department on me 4th of October. 1S9S. Col. W. J. Dryan
had been ly inp for over a week OB a sick had at Washington, D ('.. having come
there to secure the furlouph of the dy-
inir men in his regiment. 1 he minimis-
trat ion took advantage of his helpless
condition and ordered him bark to
Jiicksonville to have it appear that he
r.s .lrli,-t in his duty as a soldier.
Mr Hry an'a wife was lit his side, hav
irg come all the way from Nebraska to
nurse her husband. Such are the
depths of infamy to yvhich the republican leaders descend in order to obtain n political advnntace. As there was no fighting to do. what excuse ran nor novprtimcnt off r for such con
temptible action?" Illinois State Hepiater. Another woo en aatll has failed ander the blessings of the protection afforded by ike Dtnglej law. Tka Ply mouth Woolen company, of Plj moutk, Mass., has made an assipnment. It is a H'.-set mill, and has been runninp glace 1S79 in l'lymouth. It ai la ojrrntion for many year before In Praaklla, Maaa, Woolen mills are eloe log, and shoddy mill are clothing Ika Vmericnn neonle with "American
woolena." Besides, the price of wool
is poine rioysn so Hint tne rarmvra are klcklni because they are not petting
the promised benefits of a hiifhertluty on w ooi. In this business it seems that the Wool grower and the yvool manufnc! urer have cut euch other's throat. Utica Obeefver. Mark Minna says "tint BO member of the administration Is reponalbll for the starvation of our soldiera." lie claims that he ought to know, "because he was nt the yyar department niim-st all the t ' Then there was starvation among the soldiers after all? Mark Hanna ndmits It. and his admission should prove conclusive evidence in anything relating o the administration he created.
Currency Legislation.
It wiil be observed that none of the
ren-ddican nailers is saving anything
about the "enlightened currency" leg-
... ...I. w i. ich the irranil olu party uas
pronounced ior. Whj don't they priut
the bill reported tiy the uoiise committee OO banking and currency, to which
the republican party stands coinuuttcd, and explain and defend its pro
visions? Thi bill, which is substantially the measure prepared by Mr. Buffh Bai na'a monetary it form com
mission, and introduced in the house
by Jesse Overstreet. provided for tho destruction of the greenbacks, for the
total abondonment of silver as stand
ard money, for the irrevocable estab
lishment of the single gold standard, for the prantinp of a monopoly of the
issue of paper currency to the national
hanks, and the most vicious and dan
gerous expedient of reckles .-nd dia-
bOOeat finance known, as tianKinp on
asM-ts Ihr issue piesenteil liy thl
measure is the most important before
the country, save the question or hu
manity and justice raised by the yvar
department scandals. Why don't the
republican press discuss this issuer
Indianapolis Sentinel
Now i the time when the pelt binder, ir. a hurst of eloquence, declare that where the Aaaetiean flap; has once been raised, there civilisation and humanity must abide f orevermöre. And. at he same time, from the far
yvest come lone and glowing reports of l eidOntl that tell of our civilizing and hutnaniting influence on the American Indians. In the one hand red and twenty-third year of our existence as a nablon, our Indian problem is as much Bf problem as ever. And yet some of us in their enthusiasm think that wo can civil M and humanize millions of antipodean savapea at the drop of the hat. We are a preat people, and w know it, fof our spell binders tell usso yyhen they vv;iiit our vnt. s.- Hinghamton (N. Y.) Leader.
It It the business of the demoo racy t . :ose the corruption, foforl tlstn and incompetency of McKlulry'e idmlniat ration, and it is poing to puh Ita bnsinisa without any refnence whatever to what the disgrace oftb rspoenre may be in the eyre of Spam c-r any her count ry. The democrat ie party Will not help rover up the nbomfaatli BO of the McKinley administration on patrlotla off fay other prou da, beeide, tka blgkeat oallty of patriot ism find expression in exposing corrupt ior. favoritism and incompetency in h'gh official cfrelc Koneaa City Tlmea.
money scarce mill near. J neu oi
was to curtail the pover of other things to exchanpo for money and en-
InrL'e the novyer of money to cviianpe
, . ti m
for other things, in roup n tne ian ui prices that has accompanied every advance toward a gold standard, the wealth of the world has been steadily paaalng from the prcKlucinp classes into the hands of owners of bonds, mortgages and other obligation calling for payment in money. The business men of the country that suffer
through the fall of prices, in their efforts to resist the inevitable effects of OOttawIng alleer, encumbered their kissessions with debt in a futile attempt to uphold prices through the use of their credit, The business and financial y recks strewn along t he path of Ihe pold standard during the past 3D year demonstrate the folly of their course and is a warninp to all business men that the expansion of private credit can only multiply the evil consequences of a aontraetinp volume of money which no toaaperiatag i powerful enough to overcome. The fall in the general level of prices since 1S73 km been continuous, and as a result every ounce of pold in existence will to-day purchase double the nmnnnt. of property and commodities
in peneral that it would in 173. Yet our propresw towards such a loyv level of prices as must exlat wkco gokf alone becooaea the money of ultimate payment has been but slight. The effort to nsist the inevitable consequence of our own legislation has in 30 years piled up an indebtedness against our n opto estimated to exceed $:iO.OOO,000.000 dollars. Of this amount the most comjetent authorities estimate that upward of $0.000,000.000 I owed to foreigners. On the journey towards a pold standard we find two classes are besoming inordinately rich and corrrapondlngly powerful and all other classes are sinking deeper and deeper Into debt and becoming dependent upon these tyvo classes. I One of tbe favored classe i composed of those whose investments nre
in lor. ds and mortuacs alone. inrir wealth, aside from the accretions through interest, is being constantly .Med to through falling- prices, yvhich
give to their dollars increased power to purchnse other things. The other favored class is the hankers who loan : credit nnd draw enormous profits from I the business community.
A bank formerly yvas an agency through which the borrowers and lenders of money were brought together. A man haying money in excess of his ,....1. loaned it to the hank. Another
needing money in his business Iweame I a borrower it the bonk! tkedlfferenm lietween the rate of interest paid by the I hank and the rate it received ffom the . . . aa . . a a a .
borrower OOBatltUtlBg me pront pi las hank. Later the bankers discovered that enormem profit could he made by sni.o Itatlasa the notes of the banks for
money and loaning them to the joplc
in be u-ed in hen ot money .
The history of bank notes is familiar N many. Through the introduction of
bank antes as money substitutes the bankera were enabled to draw interest on their own debts. The community hat Baad thaae notes in lieu of money
became the victims of Ihe greed of Ihe hankers. The failure B f the banks to induce Secretary Chase in 101 to recommend to President Lincoln that the government borrow hai-k t OtCB tncondu. t the ciy il war and use the force of H I fOJt emment to rdve them clrenl.it ion marks nn epoch Of the warfare of the hanks .iralnrt the people In this country. Oov-
ernmeiit IfgaJ tender money proved good in time of war. It upheld the industries of our country in its most try
ing hour, when the hand ol every fsiiy-
lo. I. on earth yy as against us.
The banks entered into a combina
tion with and added their influence to
that of the world's creditor to secure
the ilemonetiza tion of silver, ihe.r or.
ganbtatlOB failing for the first tln.e la
1896 to control the national conven
tions of t hedemoerutic and republican
partis alike, contributed their money
md influence to secure the election oi
Pr ent McKinley. Their purpoao
t the nresent time ia to have t be
-- - I greenbacks funded into interest bearing debt or redeemed and retired, by the use of gold purchased with war
bond or collected through wartaxea.
Their scheme is to have the govern
ment taud aj guarantor Ifcr nana
notca to be issued by them tor their
own exclusive profit. They are bend
ing their energies to secure the e.ecM . . . . 1 I
ti.m of a congress tavoraoie to xiieir
scheme. The banking houses through
out the country are centers of politi
cal activity, each being duly auviaea bv secret circulars from the national
bankers' association headquartera or from the headquarters of t'ae Indian
apolis monetary convention.
It is undeniably true that me use -vj
ilia various instrumenta of ereui
dealt in bv banks economizes the use
of money. When banks effect settlements with each other through a clear
ing house, the various cheeks ano
other order for the payment of money ilravvn n oalnst banks that belong to
the clearing hou-:e associat ion are exchanged and only balances are paid in
money. Hut i. iai-o true tnai tnrougn the means of the clearing house sys
tem the same money is loaned and re-
deposit cd several times over until wha.-appear-in the hank reports as deposit
has become a mere nction oi ngwxea
and the money supposed to ne rcpre-
nted h the checks tnai pass oe- - . 1.-.
tween busineM men exisn oniv m w.s
Imaginations It is true that a certain
amount of money worn is oemg performed by these credit device in tho
ierformar.ee of which it 1 proper to
atyle them "phantom money."
This ayitem brings enormous proin ,r th.- banks and as they hold the notes
of the business community that wer discounted for the purpose of obtain
ing c-edlts they possess tne power to ruin their customer whenever a demand ia made upon them for actual cash In the payment of their deposits. The experience of ItPJ is fresh in the minds of all. when the banks of NewYork suspended payment in cash of any kind and through n curtailment of credit ar.d forcid collections caused
losses among theircustomersin exceea of $1 ,000, Oct i, ODO. Silver Knight -Watchman.
INDIA AND CANADA. Iii- Pel1 imnOoed in Itaaae " tries t I'rolmble llun on the Hank of r.niiland.
Canada cannot merely have a gold standard without u gold currency; she can maintain her gold standard without any currency at all. She t.ses ad libitum 1'nited State currency; her laernhanta keep hank accounts in New York, Detroit and ( hieago; one of tho busiest and best banks in Chicago ia 4.Lc Hank cf Montreal. If India bad a gold standard com mnnlty, say. l0 times as wealthy aa herself, containing (as four is to eighty). ay. C.OOO .000.000 of inhab
itants, separated Irom incua uy an nuncio :irv frontier li.OOo milea long, and
;id India use the currency of this vast
nredoniinant iK.rtner," the argument
from analogy would be intelligible.
Hut if l aniula had been suturaieui v. ith coined legal tender silver for a hundred years; had she practically no bank, and therefore no system of paper credits; had one-half of all tho silver produced by the world's mines, after being coined, shak n down into the hoards of her myriads; were thoae hoarding myriad only waiting for the Importation and scattering of gold sovereigns to convert a depreciating silver Into an appreciating gold eur-i-PTicv then it is safe to say that Can
ada eonld onlv satisfy her "auri sacra . . a m
(lines" .y the wl. tcsa.v susension or
pecie paytnenta by other nations. h t me put the argument in this . . 1J !...!
w.,y : Io give incna a goio s; anoui
means that any Indian with If rupees shall be : ble to get a sovereign for
them on dkemand. if he mbbobi get a . . a m.
Sovereign for Ij rupees, tint is oongeci tO atlea Hi rupees, then gold is at a
prcmlnm, the standard is ineffective ai d the exchanges DBCtOat as to-day. Novy . we huve in all ling-land less than hundred million sov e r e igns. n nd 1 h e
boarafa Of India have he n reckoned to
contain ISO crores of rupees that is.
J,.')00,o m00O of rupees, or the equiva
lent Of t"i"..o lo.OOO sovereigns, at 15 rupees to the Mivoreign. The government of India, by shaking confidence, in the i - ting currency of India, by daelariag ihnt she drifts to insolvency, has done. ::nd is doing, ev erythlng possible to encourage a future run upon our Hank of Knglnnd reserves. The government says to the native: "Y oil I ire gOl I fnnee worth only ten pence in allver; I offer you in my new gold enrrcBcy, which is far more ii fe nnd convrnici-t f.r von o hoard, 16 pence for what is only worth ten pence, and MMaall liLrlv to he worth only sin
pence." The natives will Indeed be fools if they fail to throw out rnpeea and siteU down the Hrltlsh sovereign until there is auch a drain of gold to the east from the only market (ours) Which p4 s gold freely, ns will demonstrate (hfl criminal absurdity of offering new lamps for old.- ktmfM Frew en. In St. .Tame Oeiette (London).