Pike County Democrat, Volume 27, Number 33, Petersburg, Pike County, 25 December 1896 — Page 5

i SILVER AND WAGES. m3?.-’ _ fiU>bsd off All Flapdoodle, How Wmld Vim Col nose Affect toljffT Will the remonetizationof silver help or hurt labor? That depeudscn whethtr |f it will promote or hinder production. ■ If the remonetization of silver will promote production, it will benefit labor. Ou the contrary, if it will impede or lessen production, it will injure labor, for in the final analysis the wages of labor are the share w hich labor gets of what is produced. If 70,000,000 people produce but $ 14, - 4)00,000,000 worth of products in a year, that would give to each, if evenly divided, $200 worth and no more, and if some got more others would got h as. If, however, the same population produced $21,000,000,000 worth of products, each would hove $800 worth. That is, any people can divide what they produce, and they can divide no more unless one takes from another what he had before. It is clear, then, that the more we produce the wqre all can have, and as wages in the end are the laborer ’s share of what is produced his real wages will fucreasnas production increases. The vital question then is, Will the remonetization of silver, by promoting industrial enterprise, increase production? There are hardly two sides to this question. That the remonetization of silver will increase money supply no one will deny. Thut the increase of money supply will stop the fall of prices, and if the supply be sufficient will raise prices* juo economist will dispute. With stable prices, well directed industrial enterprise is safe; with rising prices, all industries are stimtrfured. Hume, the historian, said yyur-< ago: “We find that in every kiuuiioni into which moiuey begin* to (low iu greater abundance than formerly everything takes a new face. Labor and industry gaiu life, the merchant becomes more enterprising, the manufacturer in re dilig« nt= u:ul skillful, and even the fanner follows "his plow with greater alacrity and attention.” This Mur often b *n-quoted ns not only one of the accepted facts of his-/ lory, but one of the truths of economic science. Seventy million* of people, with the bested rented bruuisof any people in the world and with hands skilled to the use of the most intricate machinery, making n greater use of the powers of steam and electricity than any other people, ought to produce at leuet $‘100 p* r capita p«*r annum. But it is doubtful if we havo produtvd $200 per capita the lu^t year or in auy recent year. Prices have been fall mg. iuoney rising, enterprise has *■ been put in constant peril and production greatly retarded. With money supply sufficient to sustain prices ami support productive enterprir** the production of wealth would undoubtedly to ► largely increased. There would then be more for all and more for each. Under such conditions would the ]»- borer g -t a propone uruly larger s-liatei Why not? He certainly would be entitled to it. Bow would he get it? In two

\vays. firs:, i>y ii)rinv:i -i-aruams. Earuintfs an* wages multiplied by time. If h bum gets v;s a day, but works fatly one day in a w\*ek, bo earns but $3 a wo» k. If another mangets $1 a day and works three days in u wok, ho also earns but $3. Which would In' earned also by one getting but 60 cento a day if he worked six days in the week. If the lirNt two had/toady work,- without any inert* m * in wag« at heir earnings would be iurgely. increased. The fir. t t-ffwt o? n revival o^industn*e would lie full* r «mploym* at of la- • bor and consequently larger onrnings. Second, wages would also increase with iacr«*a«< d prouu tiou. John Bright *U’jmarized in.a few words th • labor qu‘~:fi*n win u he sad it redo ivll tl^> ri.fb■ivii'v in the world whether two men were after one job or tw o jobs n f ter one uuw. As long us iruy > numbers <1 idle men are hunting places thetv is hope of bettor wages for any cue. Quo is fortunate indeed if he can keep the place he has. Moreover, if r prices of the products of labor continue to go down, the wages of labor must go down also* Profits may go first, but wages must yield boot or or later. Cubbm^tiens may resist inroadp up.*i wage* for a time, but cannot do so 1- ng. Larger skul larger numb rs w ill .* > fore* i ^ into idleness, and idi>* men are mu only * dangerous competitors, but while idle lh* y cannot buy what < th rs produce. In ore or to b>- uble to buy one must hove scmefhittg to s il—labor or its products. If a man earns tut 60 cents a day, he carnet buy what another produc» s ut a day. He cun only buy a fourth pa. it. It is doubtful if, at pre- it p: >■-*< f farm products, the ent *re.ucriea ; urol class s—?,000.000 fata-iln-s-— am, »:i tie average, re re than 60 nt» a day fa* » a -h laborer. They cau. then, only buy at tuat r:o»e That is tile chief rs as M jir-f lew why other indie'ri s uje .■*• j r strafed. Farm r* g» t so little for wh *t $h y produce they cannot buywhat < tfier# produce. Btsme, for a part to get g od wages ail must he employed.—A. J. Warner. Siitwa to On**. A gold-dollar contains 23.29 grains and a silver dollar 871.25 grains, which shows that a silver dollar weighs H times as much as a ::c>ld dollar, or there is 16 tunes as much -ilver in a silver dollar as live re i g ml tu a gold dollar. This ratio or uitfei cure between the two coins is basrd on the world’s ave rage production of the two metals. The money market, or commercial valu > of arcoin, is as it mg? be fixed by law in aur country or by the custom of trade between different countries. Whto We Uad Honat Money. From 1792 to 1878 all. our legal tender coinage was honest—it was free coined. Every free coined dollar, silver or gold, was worth as much in bar as in coin. Since that time a large part of our coinage has been deliberately dishonest. coined intentionally as “gun money, ” at the demand of the bankers, to swindle the people. How and wfey •re matters of history. —T. E. Willson.

WHY HE CHANGED, George Fred William* Telle an Audience Why He Became a Silver Man. The whole world is corning to recog- ! nize that its rescue depends upon the ! courage of the American people iu this ! emergency. I think we hate it. I think : there are men in this audience who do | not agree with our side of this question ! who will have at least as much self respect as 1 had when I saw that I was • wrong and acknowledged my error. 1 was brought face to face with this question in a most extraordinary way. ! | was appointed, when elected to congress, a member at the committee on coinage, weights and measures. I had not given muoh study to the question j before that time, and I immediately took up the study of it, notWith an , open mind, but aa a lawyer would j study it * It was ray business on that committee to represent hostility to the free coinage of silver, and I trained myself to study the arguments of the other side only for the purpose cf answering them, not for the purpose of learning anything myself. I I went on in that way, trained on one 1 side, as all of you have been, seeing nothing in the whole press of New England that could come to our eyes | except upon one side of the question, ; until the structure of our national credit and our private business began to totter and topple, until I saw a syndicate Of bankers go to the treasurer of the United States and with the threat of panic force Him to sell $"'5,000,000 worth of bonds fur $05,000,000, to wrest out of the hard working people of ; this country $10,000,000 in a single week because these bankers had their hands on the treasury of the United States. I began to suspect that something was wrong with such u system. And it went on, gold leaving the cc*i:ntry by tens of million* every year, bonds beifig sold, and th«' debt of oar people accumulating every six months until it reached the enormous amount of $262,bOO, 000, 1 money being thereby locked up in the treasury and taken out of circulation. I saw business going down hill. I AW, as I am seeing now iu the city of Boston, business men coming to me in alarm because their banks are contracting their credit. I sec now, as 1 saw six months ago, all the indications of financial disaster, and £ put to myself only a few weeks earlier than you may pat it to youTsrlv - the question, Do yon w ant such a system to continue, or will you honestly investigate the merits of a system that will give us money enough to transact the business of the ooe.ntiy and not have it at the mercy of foreign bankers? And I h ive answered that question to my tc licit, and all 1 ask of tiny man is that he keep his mind open to study the q ration fairly, without preju-*: dicc\ and ct si his ballot as his intelligence and his conscience dictate. —- Speech of lion. George Fred Williams.

INDEPEf DENT BIMETALLISM Tho Proplii jiaTp lk^omo Impktlrnt at the Deception t “Intcruntlonsl Agreement." Wo pro dse to base our system of finances u; »u the veil tried doctrine of bitJAt.tll'ssi . We (1 cl.'.re that tur bonded debt, tle.it the greenback and treasury notes and all other fonts of gwvernmeur pain .• payable in com, are payable in gold or silver, at the option of the goverumei t and not at the option or pleasure < I those holding government obligation . We insist that tins governin' m is : tropg enough to pursue the p liry that is followed today by the Bank of France, which is to pay geld or silver at the optiou of the treasury and thus to bring silver into ufc M an aid to gold, and in this way to obviate the nw viry of any farther bond issues to maintain coin redemptions. And as a means of supplying our jieople with a currency we propose to go back to the old system that was followed by this government during SO years of Democratic rule, with open i ants to the free coinage of' gold and silver^ as was our policy prior to lSTa. This will give us a system of currency that will lv' adequate in volume ami stable as compared to all other things. This we propose to do without the aid or cons- at of any other nation. We insist that this oountry is abundantly able to maintain a financial system of its own. The Republican partjs, in its St. L* uis platform, ort,fosses that bimetallism is prcfemblo to gold monometallism, but demands the maintenance of the gold standard until international agreement can be had looking to the establishment of bimetallism throughout the world. The people of the United States have become impatJ 'i.i upon the question of international bnu' iaili- u. l-W more than 2u years the argument of internatii nal bimetallism has loomed tip to-thwart the hopes of the American people upon this subject. It has been interjected into every campaign a; d been made a stumbling block to every *t< p looking toward the restoration of silver by the American p» *i le. They will no longer lie fooled in this way. W\< mast either establish bimetallism for ourselves or surrender the tight and content ourselves with the singe gold standurtkfor all time.—Horn Richard P. Bland in North American Review. Per Capita Ctreulatlon and Prosperity. A statement is attributed to Senator Vest to the effect that our per capita circulation now is only #8. $4 But notwithstanding this these doctors boldly ass- rt that we new have too great a circulation. And hence it is that the lancing process is kept up on the people. France, of all European countries, is ftcknowledgod to be by far the most prosperous, ami the Ifon. J. C. Sibley of Pennsylvania states It as a fact that they have more than #700,000.000 of Mlver, #850,000,000 of gold, and #000.000,000 of paper. money in circulation, or a total of #2,240,000,000, and with a population of about half of ours, or |5$.bl per capita, or more than #15 to our #1.—J. W. Goldsmith.

A STORY’S GROWTH, He had dark eyes, decent clothes, was named Beauchamp and wore a usual air of silent criticism. The combination struck several women as pleasant, two of them frankly admitting their pleas- ! ure and the other two almost uncon- ; sciously approving of him. The first two naturally became the | man’s friends and so pass out of the I novelist’s ken. The other two became 1 : respectively particularly indifferent and ! slightly anxious, either of which is a ! j very bad sign. o One of them, young Hoskins* sister, ! 1 a black eyed streak of a girl, talked : j very freely to Beauchamp, and the oth-j ! er, Cissy Bell, listened when he spoke. I ; So friendly relationship was maintain- j ed, and the man’s summer was gay to I festivity. , * I But one day, as August glowed and | panted, Hoskins’ sister got out of the | i yacht first, and, turniug, watched lazily at Beauchamp’s helping of Cissy Bell, j l The man was unconscious, but there | was a look in Cissy’s gray eyes as he ' took her hand which revealed to the other girl not only Miss Cissy’s inner ; emotions, but included in a flashlight i her own. Both girls looked at each oth- : er a moment, and then Cj&ch kuew that 1 the other knew. So the story began to walk alone. • • • * • « ; Young Hoskins’ part had been to talk ! to Cissy, while Beauchamp held his j sister’s open attention and Cissy’s furi tive dpferpuca Being a young man who | liked to talk of himself, it took him some days to find out that the young | lady did not listen when he heid forth. ; [ When he made the discovery, ho began ! | to feel an aggrieved interest in Miss : Cissy. From that ho walked across the : country of tenderness into love. ! So a strong story sprsrng up. * • * *■ • • With Beauchamp it was presently a case of “How happy could I be with | either!*’ os it occurred to him to make 1 ! the most of his opportunities. There was a keenness about young Hoskins’ sister and a fierce bit- of temper which was peculiarly piquant, but there were few days, hours even, in which he did not think of the way Cissy’s brown lashes lay on her checks and her slow blush, which faded awny as it came, i On the whole, Cissy quietly led.

There were several tb ings which made the story grow and develop iu different direetic us. * Beauchamp discovered that young Hoskins also admired tho. coloring in Miss Cissy’s foca Young Hoskins’ sister suspected that her rival was gaining ground! Young Hoskins began to call Beau- ■ champ “the fellow.” '</ Miss Cissy cultivated a lisp of hor childhood, which made her adorable. So the story came to man’s estate. • » * • t It was young Hoskins who did himself an injustice and mode a black spot on the story. His sister listened with burning cheeks. It was an unhallowed treaty, but they both subscribed to it. Beauchamp’s character was to be mildly slandered 'and a few trifling stories set afloat to Miss Cissy. A friend of ; Hoskins abroad was to be post'd as Miss Cissy’s present fiauce, and so on, the usual stupiu blackguarding. So the story sowed its wild oats. * • * * * • There were several entanglements, and the Hoskins s, on whom the burden of cleverness fell, made a fair amount of margin out of each. The day Miss Cissy displayed unwonted temper over the loss (if the box seat beside Beauchamp ir was the lack of a letter from the fiance. The 24 hours Beauchamp spoilt in business iu New York were to dispose of certain troublesome people. Miss Cissy and Beauchamp were quite easy subjects to work upon. At the end of a week both were distinctly miserable. There were even signs of mutual turning to the Hoskinses for consolation. So tho story began to know Itsell • t • • t * . Tho conspiracy succeeded. Iu the bright gayt ry of latter August, with its teams tournaments, its yacht raws, its picnics by day and its moonlight strolls by night, two people enjoyed every day of it. and another two tried honestly not to think of each other. Beauchamp devoted more time to young Hoskins’ sister, -and Miss Cissy gavo‘closer attention to that young lady’s brother. | It was presently thought safe to hint that young H ■skins’ sister had undertaken the reformation of Beauchamp, with the ultimate intention of marrying him, while Beauchamp was given to understand that Cissy’s fondness for young Hoskins was vicariously given to the man in Europe. So the story chose its path in life. • • ' * • • • It was ail very well until the dtyr young Hopkins took Cissy canoeing imd ineidentallv mentioned the fact of his • sister’s cut geineut to Beauchamp. Cis* 1 sv looked at him a momeut with quiv- ! ering mouth, and then, without a see- j omi’s waru.ng, burst into tears. That broke up the conspiracy. Young Hoskins discovered that be loved Cissy better than his sister and better than himself. How ho gianaged to put things right does not mutter. Neither do his sister’s remarks when be protested plaintively: “Hang it all! Her month quivered, I toll you. 1 felt as if I hud struck a baby.” So the story retired into virtuous old age.—Exchange. A young lady was driven by her brother lately to the Grand Central depot, where he was to see her off by train. They were rather late and had to hurry. The porter - rapidly poshed her satchels under the seat, and she sprang in, but in her burry she kissed the porter and gave her brother a quarter.— New York Times. __ j

FRED SMITH Dealer in all kinds of , , „ FPJRNITUBJB

Fuuoral Supplies A Specialty We keep,on hand at all times the finest line of Pnrlor ami Household Furniture to be found in the city. Bedroom and Parlor Suite a Specialty. in funeral supplies we keep Caskets, Shrouds, etc., of the best make. •,„=■] Wanted-An Idea Protect your ideas: they may bring you wealth. Write JOHN WEDPERBURN ft CO.. Patent AttorWho can think of some simple thing to patent? neys, Washington, P. C., for thetr $l,9u> pnae offer and Mat ' ' ' * ‘ ‘ . of two hundred inventions wanted. PATRONIZE a HOME PAPER The Indianapolis Daily, Sunday and Weekly ....Sentinel....

McKinley’s Administration Will Afford | Abundant Hews for Sentinel Readers. & ( Tht* State Government in the Hands of i the Republican i'aety. The Indian i«»Iis Dally and Weekly Sonti- ! nel circulation Ini'! readied immense proportions by its Hum ugh service in reeel vim: all llie latest news all over the state and from its dispatches from foreign countries. Every reader in Indiana should take a j state paper, and that .. I ■5>THE SiE[\ITIISIE:i_<c- ! The Sentinel has the largest general cirou- j taiion of any newspaper In the s<s»te. Tllo-news/or the next year will »*e very tuMeKniiey’s cabinet and administration! his policy and attendant events, together With tile news of lin* state.CHpUol.wHl altord much | informatioi., talk and gossip tor the seiitlnel ’readers. Hally, tun* year..... $0 00 j Weekly, one year....... 1 00 j Sunday, one year. . 2 00 | The Weekly Sentinel edition has twelve paces, subscribe now and make all remittances to The Indianapolis Sentinel Co., j f •: » Indianapolis, Indiana. This paper will l>e furnished with the I weekly edition of the I mil atm State Sentinel , for ?1 7a, in advance. Anyone sending a sketch and description may quickly ascertain, free, whether an invention is probably patentable. Communications strictly confidential. Oldest agency for securing patents in America. We have a Washington office. Patents taken through Munn A Co. receive special notice in the SCIENTIFIC AMERICAN, beautifully illustrated, largest circulation of any scientific journal, weekly, terms fcUV a year; fl.a0 si* months. Specimen copies and UANO Book OS Patents sent free. Address MUNN A CO., __Ml Broadway. New York. WANTED-* .1111 IT’ l. MEN or a < 'MEN »» in truv.d ior responsible * stablisli. d | house in Indiivnu. Malar' ftsi a>d exm*ns*—. j Position permanent. Reference. Kudos.. | self nddn sedstamped envelope. The Natio- j ual, Star Insurance lltilidiug, v'hlcago.

E f|ew yori) ^orld,; Elxiicc-a-VT’eeic Edition. IS l’i?fs a Week. 156 Papers a Year j It stand' first among weekly papers iu site, ! frequency nf publication and freshness, vn-} riety ami reliability of contents. It U practically a daily at the low price of a weekly ; and Us vast INt <>l subscribers. extending to every state and territory o ttie I'ninn aud t<ir<>iict> countries, will vouch for the accuracy and fairness of its news columns. It is splendidly iliustraled and amonir its »l**cial feature* are a fine liuu.or pa«e, exhaustive market report*, nil the latest fa*h? toiis for women and a long wri« or stories j by the greatest living American and Kagllsh ' authors. Cnnau Doyle. Jerome K. JrmnSe.j Htaalev VVcyman, Mary K.lVUkins, Authony I Hone. Bret Hurte. Bnuiner Matthews, etc. Wi offer this unequuied newspaper and the Pethocrat together one year tor #1 HU. Tlie regular mbscrlptlun price nf the two is I'.’.ii. ■NFLC3RIDAKE«rc.axy£.: Csuaty. <>)Brooksvi/le. Hernando Hotels Winfer Health Resort. The place for any who are aUVeted with pulmonary, lung, throat or chest troubles. W rlte for booklet; also lor list of valuable lands and homo lor settlers; laud growing corn, tobacco, sugar Cane, oranges and all fruit*, oats. el**. Property at- remarkabiy l«w price*. Address. J. Watkiu* Lee, BrooksvilU*. Fla. Florida! Free Railroad Fare To Settlers. j The Farm, Field and Fireside Colony. A happv. prosperous commui#:y in the most delightful part of the slate. Set sad for a couy ; The Sub-Troplr, lima Core .Springs. — I

nnuiiii nnuminiiTmmTrimrr. mmnrrmin > MB. T. KIME* o-lias h new an<l large line to select irom inQrzj goods OT)d f^otiot) Boots, Shoes and Clothings— ■^GROCERIES* AND^PRQVISIQNSfeiyRemember that we have a larire and complete stock of Groceries a . Provisioivs. (rs ods delivered Inn* to any part of tlu* city. pyCoiintry Produce taken in exchange for Goods,and the highest marl _ prices paid. See us for Tobacco and Cigars. hr. See oar Stock of Holiday Presents and Candies ^ ^caaiirOTniMrnmromrimx emHiumuimuiiniili Hon. W. J. Bryan’s Book ALL who are interested in furthering the sale of J. Bryan s new book should correspoi, mediately with the publishers.. The work will c Hon. id imDntain

An account of his campaign tow His biography, written by his wi His most important speeches . The resuits of the campaign of A review of the political situatk •§> AGENTS WANTED e . 896. n . .

MK> Bryan has announced his intention of de one-half of all royalties to furthering 4he cat bimetallism. There are already indications of an mous sale. Address $e of enorW. B. CONKEY COMPANY, Publishers, 341-351 Dearborn St....CHICAGO. Monthly /

VS *5 ** Jf only cne magazine can be taken, we would suggest the REVIEW OF Reviews, as covering more ground than any other magazine."—Board of Library Commissioners of New Hampshire, 1S96. t HIS magazine is. ia its contributed and departmental features,- what its. readers, who include the most noted names of the English-speaking world, are pleased to call “absolutely up to date," "thoroughly abreast of the times." invaluable,” and “indispensable." It is profusely illustrated with timely portraits, views, and cartoons." Its original articles are of immediate interest, by the best authorities oh thi§r'respective subjects. Tr.e Editor's “ Progress of the World " jgives a clear, rightly proportioned view of the history of ^ the human race during the current month. The “ Leading Articles of the Month " present the important parts of the best magazine a. indies that have been written in every part of the world. The newest and most important books are carefully reviewed. Indexes, chronological records, and other departments complete the certainty that the reader of the Review cf Reviews will miss nothing of great significance that is said or written of done throughout tl;e world. Send 10 Cents in Stamps for Specimen Copy THE REVIEW CF REVIEWS CCV 13 Aster Place, Naw Yot Single Copy, 23c,: Trial if fax'months), $1.00: Year, $2.30. The New Tariff Pri Smits ade to ^Eea.s\a.re: $1S, IS, SSO, S2S arid. hiTp. Pants 2^Eade to Older: C S-4, S, se, V, S3 and TTp. Burgers’, Merchant Tailors e

A HANDSOME ILLUSTRATED CATALOGUE Ol Bbyhst & SiaaiiON Basil '33rd Year.) LOUISVILLE,KENTU OmJ/um V<tlwU>!~ Information to t!v>ut >U'MX*ng t'i La HHiUTfPftg SHfiRTHASO. TFLF f HE mi SKY, * ETC.