Pike County Democrat, Volume 27, Number 32, Petersburg, Pike County, 18 December 1896 — Page 5

THE DOCTRINAIRES.

th*7 At* AmohmIhs Th*m«elv** M Friends of 8iitrr-Kesl Bimetallism. Ono of the evidences of the rapid growth of the fnv coinuse sentiment is j that even tho doctrinaires arg coming ^ Into the fold. For a loug time the gold bureau has been treating the voters to doses of financial economy furnished by college professors and others whose supposed knowledge of money and its functions made them eminent judges of the ques- j tiou in hand. It was the proud boast of the monopolists ami the gold appreciating conspiracy to arrogate to themselves tho wisdom and the learning of the country and to regard the advocates of silver as wild eyed and long haired ignoramuses running loose over the hills of the west or madly disporting them- j selves in the plains of Teams and the far south. It was with quite a flourish that they would quote this or that eminent professor who went ou to prove that the concentration cf all values vvu*rin the grain of gold and that the sum of all lunacy was in the silver dollar. But there is a wonderful light in the. wafcbncd conscience of a determined people, and as soon as it was determinod that this peo ple was no longer to be misled or controlled those who hitherto " ,*cg«rdcd them with au air of patronage Aegan to think" that perhaps there jtre IJKuovo pi-ople in the world after all who fknov som<-thing about finance than the studious doctrinaire's who reside within the precincts of New York or Boston. Now they have come to the ct nclusiou that we have a v. i.u- and great people and thaf a.'1 wisdom is not eonuuod in their own narrow sphere. The fact that l*n f< a r Benjamin Andrews of lb wn university i»au come out in a letter,stating that he has no r» aSOD to doubttliut tin fm coinage of silver at a r.‘io of 11! to 1 is des:ra’1 is important. The professor acknowledges the stab whic h the aurmn. irati n hits givxn to the white me tal, but assuming , an air of pixpheey he look* Kyond the present period * f doubt -and one* . tatnty and intimates that it is a matter of time when silver will Is the main metal ahd gold will be lighting for a place in the orating* of th-country. 1 *-*Th<‘ v.vt output of g<«M.” he says, “in recent years, aseompai y-d with that of silver, impress* s me that free a imge by um alone wouhi not 1> ad to displace* meiitof our gold; that therefore fixe coinage would he safe/* ► her tin is fit of the.a* traders in public confidents- wh<» wotfl'd destroy s.lver when it suit their purpo -.% mid v. ho wx uid as rt atlily destroy gold when that would suit them, it may bo stated .that the bimetallists who have f right tlio battle of the free coinage of silver fkro still id harness, ready to fight the .battle ( f frec gol 1« ii ig < wl a ver the ■harks Who play in the waters of the.! *• sine o stumlard 0 velrn that ) iud of an ■ppetitc. Ti e fiuuneial system of the United States is ba.xd upon the free and via lira it d linage of 1 rh gold and silver, the e:.e equal with the other, ut te.msof 'jM-rfect mutuality, hud the people are- g« mg to s* • that- this coadiCmo of things is j.r«served.—Atlanta Cou$ti* ■■ tutiom _____ . . Itol n f i-rtlois-al Xlattrr, This n»at :. is net 1 x t v. oen the people of west and s util and the so of tb< east/ There will bo no 'marshaling ^ cl ai iut's nor v. ill the i.lix-d of kuidix-d be jsiv-d in a mighty struggl-y while the money power iu its safe r<. treat lorges u« u- f r» for th •dn-fibs . f all aiiia as it : tg- d t Mi • V . vs ; ;;o. TJp> -Cbht. t is b. tw< < i the wh« 1) people in the cast, the wx st, the north and the south •and th few v.ho iu ti: cruel selfishm - of we tit ii would m b.\ i he happy euiSens of a- fj e r public the h dots of a crushing oligarchy, lx>rn without a fn0 ttiit , toiling •vitln ut a hojic aud dying us (be the weeds, by the roadside in the brown autumn. The inter* s: s > I all the js .ple aro the game wherever their homes may 1»' fituat 1. At present, mthapi ply, the people of many of the custom states do n> t know bow thoroughly they are serving the part o- s c f . metis?* r of gr d, and . at the approx 'dug t h ction a n. . r..y fo of tin ra.vill vo..- favor of \. aritnr a chain etrougor and iwm- degrading than anv made of stooL/lli-tory must repeat itself. From qptfcf the west, this time in harm* uy with lira south, anotji- r wave must come. Having renedii \ one evil, the work must Is- completed hy the r-meuying cf tie**- o;iu r and gross* ct evils f ot> ned on the Union by the money power, and wh u the wave has »wopt o\x*r the hied and the rule of tin* pc't.j «• is rv-u.rui, the mh^ nutl voters of the o..*t will marvel again at the bhubuc*.* which now tills thoir feyea.-— tx-nver News.

F»b(« w<l Couetry. Th«- 11. » ofBrnn v.huli is praetirajiy a -rtmt .ii and ntutids related to thv tr< c.-urr of.Kwi:^ in this rr>;-vt ns our tni.Arv tl»> s to * our cum ncy sy-uin, pa > o,.t g. M or silver at the op turn of the bank and at the convenience of the balik anil uot at the option or di man.: i f the m to holder, whI vet all the money if Eranee is maintained ut a parity. But wo are • confronted with the arganuut that this ^ country of ours of 4a with its territories of over 70,0oo. i<0o of people, with probably more than ^lO.’XiO.OOO,Ooo of to alth, with aj : tivv pov .vr * as gn at as France, Germany and Eng- . „ laml combined, or nearly so, is uot able I to maintain the unlimited u.-e of gold and silver; that we should wait for the assistance ami agreement, ot league, with other nations, espicially England. To admit that to he true is to abandon all hope of the restoration of silver, aud none knows it better than those wIid pretend to advocate such a policy. The / American people are strong enough to establish a policy of their own. Uuquestionably,whatever policy the United State's may adopt with regard to silverwill be the policy of this continent, ahd our mom y will circulate aud be used not solely as the money of the Uni tec States, but of all America.—& R Abut A

SILVER IN MEXICO.

jMwph M. Brown Stadle* the gnt^Joat on the Spot ud Now Uw Conviction*. "If fpeo niiTrfr, as judged by its results in Mexi<», is not a Rood thing, I failed todiscover any evidence of it,” said Mr. Joseph M. Thrown, traffic. manager of the Western and Atlantic railroad, to an Atlanta Constitut ion reporter. * ‘I am just back from a three wioks’ trip to that country. I traveled for thousands of miles all over tho country, aud in all that time 1 failed to find a single man, native or from the states, who was not an enthusiastic free silver man.” Mr. Drown had just returned from Mexico. Ke traveled nil over the country, talked with nil classes of citizens of tho country, and made a study of the business conditions. . ‘‘I wont to Mexico,” said Mr. Drown, "undecided as to tlie financial question. I have' returned convinced of one thing, and that is that if free silver fear the United States will do for this country what it 3ms done for Mexico, the i free silver is what we need. I fount that country ©ujoying the greatest cotumercial prosperity. Every body is satisfied with the financial status, business is prosperous, the nulls are all rum: : g on full time, and the mark of good times is manifest on all sides. It seems to mo that what is good for them would be pood for ns. There is an old sayii g that what is sauce for the goose is sa ice for the gander, and if free silver in lexieo means univ rsal business rity. I can’t see why it would not m. u the same thing tor the TTnit< d State “I was forcibly impmised wit 1 pome farts connected with the Situation ha financial affuirstof Mesicxx Litvl things sIkav which way tho wind is b! >\vi:tg, and 1 wuut to shew* bypraetiea illustration 1 w matters sit.ua..' Tin prae* ticvil fi:< is count fur m<;\ than tits t s. Now, ju<t b fere leaving Atlanta I bought a pair of shoes fi r AC in American money. When we put to Mexico, my tr ‘her, who eccempujiicd aio .on the tr]>, wanted a pair of slv v. We went into a store, and we got a pair of she.•«« jus* fe» good in every v * a* the on I biffght in At! mta. H< lid f< t them sd r.i Mexican money. 1 ivy say tUut'ihr 71 xiean silver dollar i • worth only a little over aO cents. Tin: ts. the way financial writers put it. tel the M< v.o ,. il.;r ill A! • lip s ; th sara.* us the American dollar ! i.ys in the United States. Theory lieu ly the latti r may be worth tea, < f t5 > rrt r. Yet what is th-' difference'wh* ti both have the same purchnsmgpowerr M< icy is a tut 'hum of exchange. ami if a M- xican. s-iivyr dollar v. 11 buy a ilollar’s worth what difference dc*s ii make about th. the ry of th- thing? ”M>a.- is another instance: "'ou go into a 1 del in Mexico and pet dinner ra eight claim's. In Atlanta you pay % 1 at th Kimball or the Aragon jf r »urh a dinner. In Mexico you pay u ''lexicon dollar for the same dinner. You ; t just os y • i a dinn-r in Mbxico as y. u dp in Altraita for \\ ur dollar.- Yet >ve are told that the Aimrieatt dollar is worth t\v ic > u; much .is the M xican d- liar be- . cause it has gold, b-.-himl it. 1 aesy are small matt, rs/but they are .practical facts, cud it is those small .practical fa; »s that nr1 of iutcrest to ti y grt at tna.-s i f the p -'-ple. 1 . •‘I l ave s.ca interviews in the papers **' continued Mr. E- wn, "stating that under ir..e silvt r 31 xico is in a bad fix; that business is s:h;;ky and industry < langui.-hi^g. I wa it to s.iv tluu if such is th" iw i in.’ a to-ui." or any V- : y v- rtf such a stat^ji i ad'a.rs, ami 1 w. ut ail over the country. . Tins talk aK-ut M* xico not thriving .under a freo Mlver'rogithe Is, to use a slat ;; phrase, 'ail rot ’ In the vail, y rf Mexico alone 1 f uud S3cott,»n mills, .all running cm full time uud making money, If there was any business do-pro.-si >n. 1 f;>:’ d to see any si,;ns of it •As I came back on the Mexican National railroad 1 pa sAl an mimeus- establishuii'jut, v.!.;a: I v:as t Id v.as a woolen uidl. It employed -l,h''0 band • and was running tasy and night. That would teem-t i indicate pn .q- ilty. . “Th ■ b -t evidence t!u.t a financial system is a suoecss is the way ,in which the pc plcliko it. In all my travels in M xioo i r**:.• .1 to find a man who wa.> not mi outhmdasiio' advocate of free coinage. ’ Tiny nil say with oat*■«mn] that if the Unit, d Star s and the rest of the world want the gold standard they can have it. As t r them, they bavt tried free silvef, and they want’nothing else. It has brought tht m prosperity, and so long ns that is the case the world may outlaw their silv* r ns much as it pi- .t- c. It h: s no t fi.vt- t n them. Hu ir Silver dollar buys a dol lar's worth just the same as an American dollai buys a dollar’s worth iu Atlanta, be long as tins is a practical fa f, whal difTercrico does it crake how efteu theorists. pri'V. she. ; 'Facts k f :: th m» Ixi 9, usd U.e-Mexicans prefir 'their l.n-.s to otlar people’s

laeorn s. “Now," cor*inued Mr. Drown, **] can't see how ir can lmrt us to gut 1-S cents’ worth of silver for a pound of cot too instead < t « cents’ worth at gold il th* 14 cents in sjlvt-T lias the. .same pur chasing power as tin* 7 cents in gold Aud then, in u Idi:ion to this, if thing! v< rk hi: • they do iu Mexico* wo haw universal phwp-rity, a satisfied -people, mills running on full time, or day am night, ami money easy. 1 cannot 'sw why what is p»*l for Mexico would no) bo good for us, and I want to say ugaii -that all this talk about fm> silver hurt mg bosimas in Mexico is absurd.” leather Mixed. Senator Tilluiau came to Texas wit! his pitchfork. He spoke in Dallas, am S8 they had no suitable place to accoia znodato the largo audience, they bor rowed the Populist platform. Some a the Democrats present objected to bor rowing and using their neighbor’s plat fctnu, but the senator remarked, ‘‘Ob well, you must not be too particular for God only knows wha: kind of i platform I will be standing on next No vember.”—Pittsburg (.Tex.) Plaindeal

!GETTING IT IN CIRCULATION

How, Under Free Coin ace, Silver Would , Gel Into the Hnnds o( the People. | Many correspondents ask for information on this point, and a brief answer will be given. ■ Under free coinage the owner of silver bullion would take it to the mint and have it coined into dollars. With these dollars he would pay his employees, purchase his supplies, pay his taxes, debts aud all other expenses. The persons thus receiving them would in like manner pay their debts and liabilities and meet their expenses. Thus it would make its rounds and find its way through the entire community. Not only would it at once enter into circulation, but it would have the effect of bringing a large amount of money ; into use that is now lying idle. As silver floated out into the channels of trade it would raise prices and stimulate business. When prices rise, money always comes from its hiding places for investment. When property is going up, men will buy it. exporting to reap a protit from tuo rise. When prices advance—when property becomes dearer—■„ it means that money is getting cheaper. Therefore men who have money are anxious to avoid loss by converting their money, which is failing, into property that is risiug. ! This explains why it. is that in seasons of falling prices ami business stagnation there always seems to be a superabundance of money—that is, a large amount of idle money for which there is no use. t When property values are falling, the man with money holds on to it. He says, ,'jlf I buy u< w, the property will shrink invalue, aud I will lose. Sol will wait until the Kith an murk is reached. *’ But as soon as it gets to the bottom ho will buy, provided always that he ss.es a .chance' for an upward movement. . - Then* is scarcely a render of The National Bimetallist who lavs not ufcted upon this prii ' ipl u and who does not act upon.it every day. Briefly and concisely stated, the principle is tins:. When prices are falling, it is advantageous to hold on to out money if we have any. When prices arc rising, it pays better to invest the money in | roperty or in some productive euu rprise. The argument (?) by the gold people that if we had free coinage the poor man would not be aide tog. t any of the money coined pro.-eutk another of their - innumerable absurdities and contradictious. In cue breath they insist that the poor man will be loaded down with cumbersome 50 cent dollars and in the next that he will not be able to get any of them, even if they be coined. . It ought to be apparent that if silver bullion cannot be coined it is utterly impossible for it to got into circulation. : if it can be coined, there is at least a chance fur us all to get some of it. Let ns take that Chance.—National Bimetallist. ’ ° HEAVY ROBBERY. What One Year «*f the Ool.l Standard Did For Thirty-one Stan*. The history of one year of tin1 gold stan lard is enough to drive the people of the south and west into revolution. The robbery of the people has been most astounding. Lot ns refer to the facts and figures. The following figures are from the official rep; rts of the auditors and comptrollers of the states aud territories name d. They show the robbery of the people for one year in SI states tp amount toc$odO, 000, OoO. Nearly all of this loss falls upon the people of the south and west The tax returns show an increase of wealth during f694 in only 12 states, nearly all eastern states, including New York, while the Sp here given had decreased in tax valuation the figures set opposite the states. The states aud territories tire as follows: Alabama.....*17.«».»13 Arizona ... l.tM‘,200 Ar!::t:i-:;s... 1.2j7.u4 C.g . .s:ia.I. 10.7s2.aO C • rado ..:. 20.(07, 1* U. *. a.... ..I.. 23.tel.tS4' ligOia..........v. 5.UUU.&J0 Illinois........ S2.R3V.-^8 linllauu.............. 2'gp.s .‘.W Jowa... Itttit'S* ..... if.;-' Ki j.tut ky....1... lt)J57s,r«4 3d... !•' 1.061 M -tit ana..:.• .. (*.6C\l«4 Net ra. ........ lo, Nevada..... 2.341, MO N,-w llampt-hiro. 3,13^,243 Nf\v Mi-xico. 2,201.0 Oklahoma.. 1(0,420 Ohn*_.... ........ 10.32s.1 25 Or. n........— 17.e-j.Xot Best i Dakota....__ —... 7.. stt.c;5 T.un sow,.. K.a'.g'S -Texas....... IS.3GUX0 Vtah....;. 17 Y> raumt ... Vis, 453 Virginia. Tk.. .. 2-VUhK'tf W.-im. a.:...67,277,0, t W, -t Virginia........ 2.210.747 Wisconsin .... StlftXMvw Wyoming... ti.12s.7A> If an army with banners and a large camp following had marched through, these states, the destruction of property could not have been greater. Texas sho-vv^ a h*ss in one year of $18,361,000, and one far western state, Washington, whoso record was such as to make every American proud of h r up to the advent of the gold standard, has lost the enormous sum of $0-7,277,674, nearly $58,060,000, in one year. Wisconsin nutaiu a loss of $51,000,000. The south suffers a slump of over $y0,000,000 in oue year.—New Roads.

The New Yellow ,My fn n<K our opponent* tell os that the silver sentiment is a disease. If so, it will run its coarse like whooping cough or the measles. No, my friends, it is not a disease. The silver sentiment is the outgrowth of a condition, and you cannot destroy the sentiment until you have remedied the condition oat of which the sentiment arose. 1 can retaliate upon our opponents and teli them that this gold standard idea is a disease. It is the n» w yellow fever. But there is a difference between the new yellow fever and, the*olcL The old killed the peo|ile who had the fever, the new is death to tin* people who do not have the Irm^Williaai Jennings Bryan.

THE SILVER MINE OWNERS.

The Claim of the New Orleans Plcaynne That They Would Be Enriched. Nowx Mr. Editor, I want to ask how t the silver owners are to he enriched by i the free coinage of silver? Even though j the silver owners should be enriched thereby, does that' fact count as «a ;irgument against t$e restitution of the j rights of silver if its five coinage would j result iu a general benefit to a majority j of the people? The Picayune advocates a small duty cn imported sugar, but to I be consistent it ought to oppose any ! such duty on the ground that it would j result iu a benefit to the sugar planters. | Can Tho Picayune think of any legisla- i tive act or government policy, however ! wisely devised for the general good of the whole people, that does not greatly ; favor some while it does not favor oth* ! ers? As a matter of fact, however, ac- , Cording to The Picayune’s own state- j meat (whether it be tnkeu “a-comia or ! a-gwine”), there is no ground for this j bugaboo, story about tho great benefits i the silver owners aro to derive from free ; silver coinage. If the “60 cent dollar’’ theory of The j Picayune be true, the miners can reap j no profit from their silver bullion more : than they are now getting. If the dol- j lars they will have coined are to be j worth only 50 cents, how in tho name | of Julias Caesar can they derive any j pro fir from a transaction wherein they . must lose at least 3 cents cu each dol- j lur they have coined? The silver bullion j in a, silver dollar is Unlay worth more j than 50 cents, and if The Picayune cor- j rectly states the case there would be on I absolute loss instead of an enormous i gain to the owners of silver bullion iu free coinage. But The Picayuue did not moan that, for that is too self stultifying a position even for The Picayune to take on the financial question. I believe that it is a principle of law that where a doubt exists as to the true meaning of any clause it must be construed, in bar- ; rnouy with some other existing clause on the came subject. Now, by the application of this test will we endeavor -to arrive at what The Picayuue did mean when it spoke of the enormous profit that free silver coinage would bring to the owners of silver bullion. Here is what The Picayune stated in a very positive sort of way on March 2, lbW: “Such, in brief, arc the goltlbngs, but it will be worth while to inquire who are the silver bugs. First and foremost are the silyc r miners, who by tho adopt ion c 1 five silver coinage will at or.oe have the value df their product raised from 10 cents an ounce to 129 cents an ounce. ” Now. 129 cents im ounce Is the coinage value of silver, and this statement therefore is an unequivocal declaration that all that silver needs to restore it to its old value is five coinage at the old ratio. But The Picayune’s statement involves also the admission that tho present low value of silver bullion (us.declared iu terms of gold) was the direct result of tho demonetization of silver. Therefore the demonetization was an . outrage and robbery of tho silver men, and a restoration of the old order of things, which would tv an act of sim- ’ pie justice to them, would at the same time make their products as valuable ever. The old mint j rice of 01.29 per ounce wot Id be lit once rv <jtoi> d. If the value of silver should bo $1.29 an ounce, Wlio will begrudge it to tho men who have silver bullion? And how can The Picayune find it in its bowels tooxnpiuin und rant about a 50 cent dollar that would distress and injure the poor "workingman when by its own logic and reasoning such u dollar cant.ot result from fixe silver coinage:—O. P. Q.. in New Orleans Times-Democrat.

The “Foreign Investor" Bogy. In fact, if foreign mvief tuituts wore stepped altogether for n sivll, the Unit-, ed fctntes and the vast bulk ol her peo-* pie would bo bettor off. It would be the k worse for the American goldbug capitalists uud speculators, of course. They would lose much of their profits. But that loss 'would be the American peopie’s gain, for it is out of .the universally iieeeed American people, and more particularly the Am rie.ui producer and thi' American workingman, that these profits ultimately coxae. Therefore it is that five-sixths of the American people do not care a snap of their finger? for the displeasure of the Lombard stm-t capitalist, and that they bid him go bis way while they go theirs. It is by reason largely of these unneed?d for* igu i vestments, anyv ay, that the brokers of ‘.fie east art screwing 1Huim! 20 pi r cent interest for money loans out of impover.'fixed debtors in the west, and that they are* foreclosing mortgug* s on the homesteads of these poor people every day. Thi' goldbug lender who exacts from the borrower, labor or pminets efjuul to 150 events on the (gold) dollar has had and is having his inning. The tvrrower, who is the producer and worker, is going soon uT~take his.—New Orleans Tunc*.- Democrat. » lVtmt Free Coinage Will Don I think the free coinage of silver would benefit inaterially tie- great es of our i*x>plo in Mississippi and iu the south and throughout the Union. It would tend to reduce the value on purchasing power of the gold dollar, now unduly and abuorx. .Jly appreciated throughout the world, and it would to that extent deprive holders of money and securities for money of an unjust advantage now held by them. Utulerthe present system wealth has so concentrated iu a few gnat financial centers that it is in the power of a few men, acting in concert, to derange at any time the business of the world by locking up the present insufficient supply of money, and thus produce panic and disaster. They will resort to this if they flunk that thereby they can prevent free Menage and an overthrow of their dangerous monopoly. This has a ready been threatened. In the end, however, the cause of the people will triumph.—Senator J. Z. George.

Old Kris is Cominglj The Christmas Tree never bore hotter fruit than it bears this season. 1

u Our Christinas Stock is 1] by Far the Cheapest.* Don't lie deceived by anyone claiming to ‘‘havejnstas good a stock, ' or to sell “just ns cheap.” 1 See Our Slock, and You fill Know as Ws Do, Lt Canuot Be Bone. ' ' \ ■ ^ jn our new Kno of Holiday selections we offer yon the pick of Bantu's pack in ~ Toys of All Kinds The lateest assortment ever seen in Petersburg. Call early and sn’ them.

-3FANCY* CHINA* WAREfc-1 Books, Fancy Notions, Albums. Picture ” . , Frames, DoUs ^f every description. | STYLE, MERIT, WORTH, QUALITY ARBLOW PRICES |] Our claim is to give more mirth for less money than you C ever dreamed of getting. i LADIES’ AND GEESTS’ GOLD WATCHES t? And Jewelry of all kinds and of the latest and most popular designs. Now j j von can thank v>ur luekv star for leading you to a store where there is so wide c you can thank your lucky star for leading you to a store where mere is so wute £ a choice, so great a variety, so grand an opportunity to till the stockings with- > out emptying the purse. . . *HENRY ® RICKRICHW PETERSBURG, IND.

Qrq goods atjtf vNetiorjs Boots, Shoes and Clothings—"*osbs^ ■^GROCERIES* AND*PR0VI5I0N5(63 CiTKemeuiber that we have a large ami complete stock of Groceries and 3 Provisions, (h.ods delivered free to any part of the city. *3 J^f“i’outt'ry Produce tak>‘« 1o exchange for Uooris and the highest market 2 prices paid. See us for Tobacco and Cigars. 4jj/y Sea oar Stock of Holiday Presents and Candies UlSjoflisttun is t «i ru.Miii.tm nnntmntmnaim TrrmrnTnrrrrnTrrrrirrrrnTnrmmTnTTrrni

T The New Tariff Price Sviits 2s/£a.d.e to Measure : $1©, IS, ©20, $22 and TXp. ' ■ ; - S ■ ■: ‘jparrts 3^Ea<a.e to Oxd-ex:. ©*£, 5, ©©, 7, ©S and. TTp. , IBurgers’, Merchant Tailors

i t A HANDSOME ir.) LOUISVILLE, KENTUCKY, VnlHitble /n/omUion to lha*e dr-tiring to Zctar* , SHORTHAND. TELMPIW, MAW, flS. Rates Very Low*