Pike County Democrat, Volume 28, Number 15, Petersburg, Pike County, 20 August 1897 — Page 5

| i.l '■-»< »< >!-M..~ ~ Sarsaparilla Sense.

Any sarsaparilla is sarsaparilla. True. So any tea is tea. So any flour is floor. B ut grades differ. You went th* best. It’s so 'with sarsaparilla. There are grades. You want the best. If you understood sarsaparilla as well as you do tea and flour it would be easy to determine. But you don't. How should you ? When you are going to buy a commodity whose value you don’t know, you pick out an old established house to trade with, and trust their experience and reputation. Do so when buying sarsaparilla. Ayer's Sarsaparilla has been on the market 50 years. Your grandfather used Ayer's. It is a reputable medicine. There are many Sarsa pari lias — bat only one Ayer's. It cures. It 90a are nt*M« to iret them from roar deskr, write to u« end we mil toll you how to rot them. Selz, Schwab & Co. Chicago. JUrr««t m*nn!*cturer* of ltoots and Shod to the United State*. YM*KR Easily, Quickly, Permanently Restored.

»f«v Ut'bilUr, and all the tia a «if erlid fruai otrtjr er> r<r* v<r laurex.-eaee*-taeit*-*ult» nt overwork, «i> jtLeta, W *orrv, eta. Fun urer.sth. kJ <!«»« luge eat, said tone *t*en 4p-tv *’WT and p«rtl n jJk oi tie UaJj . Simple. iu ural lA! method*. Immediate trr

■ •— w waiiureiW’ ^oMlbte. IW inference*. BwA. ^ x j Ian a; ion anU prvo!» nvaJW-d (ooaJt-ti * fiw. ERIE MEDICAL CO,. «*•> NIAGARA ST. BLFFALO. V VVftBted Lady Agents,'V: ' ' ability an t imiu< t gpiutl to act »»«. loctliir p» n »f»l l*mW. t*» open school* and t. AcU Mr* F'tcAwcr > ladle*' Tailor Hjr*»ern uf I»r**«*.<Mitting l*n-vi<»u* expcrtat.if not ntH'-wtary, Acfci* taught by mail free, Becurv tern lory ixi'v white it m«v be had A. It. Holier A t o., Iltt W o$4 M.. A. 1. •

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TRUST SYSTEM EVILS. Individual Energy and Enterprise Stifled. CHEAPENS COST OF PRODUCTION.

Bat Doe* Not Cheapen the Price# the Pah* Ue Ho# to Poj—They Are the Reealt ot Coogoattoa of Idle Mooey — Remedy la Bimetallism and More Money. The tv hole system of trusts which has fastened itself on the public is the direct outgrowth of the contraction caused by the gold standard, the contraction of money, the contraction of prices, values and business, says the Atlanta Constitution. How mauy trusts wore to be found in the country 25 years ago? There was plenty of money in circulation. It was what the gold men call “unsound*’ currency. It was depreciated as compared with gold, but there was plenty of it, and the people had not the smallest need for gold. The “unsound” currency performed all the functions of the soundest money. It held out the strongest and most substantial invitations to individual energy aud enterprise, so that those who have since gone into the profitable business of forming trusts bad no file hi for the display of their genius. But since the demonetisation of silver, and especially sine a Cleveland’s violation of the law in * blaring the obligations of the government payable in gold, the contraction in business aud in all forms of industrial enterprise has driven individuals and meu with small capital into bankruptcy, aud has opened for the trusts a wide and an ever widening field. \ ■ There is no possible way to dispose of the trusts so long as business, prices, value* and currency are tied to the gold standard. Under the operations of our present currency system individual energy and enterprise have no field whatever. Everything is pushed to the wall except combinations of capital. The attacks of mauy of the newspapers of the country—especially the New York World—are wholly Inside the mark. Tiny Hre as futile as they are furious In the nature of things there is no cure for the trust evils uutil we remedy the cause that breeds them, iso long as We have the singly gold staudard, so long must all business, { rices aud values continue to contract. Aud by the time this contraction reaches the level to which it is tending the trusts and monopolies will have charge of every enterprise ami scheme which, under an ad* quate currency sy stem, was formerly carried out by individual energy. The trust system cheapens the cost of production, bat it dots not cheapen the prices ttie public have to pay. The cheapening process that has beeu going on is due entirtly to the increasing value of geld as compared with all other commodities and all other species of property. Trusts are not above human nature, aud they have taken and. are takiug advantage of their power to

and -they constitute cue of the greatest dangers the people are called upon to face, but they ate the inevitable result of the gold standard, aud they cannot be controlled until the great trust of trusts—the international gold syndicate —is rendered powerless for evil. The remedy is iu bimetallism ami the increase of our money supply. The newspaper that upholds the gold standard while fighting trusts is simply throwing sand in the eyes of the people. The way to up6ct the trusts is to give the people more money to do bustness on aud money of a kind that does not absorb all values, but leaves a fair proportion iu the possession of the producers. The way to restore competition in business, in spite of the trusts, is to restore prosperity. This cau be done by placing our currency system ou the basis of bimetallism, which means a wholesome addition of hard tnouey to the volume of circulation; which means higher prices, higher wages, expanding business aud a rest oration of ail forms of industrial development. Trusts are the result of hard times, and bard times are the result of a scarcity cf money, or, what is worse, the congestion of idle money in quarters where it is utterly beyond the means of the people to command their doe share of it as the result of their labor. When there is plenty cf money iu circulation, modest investments in business enter prises have a chance against the trusts aud combinations, for when a plentiful supply cf capital is available trust will antagonize trust and the whole system fall utterly to piece*. Under the present system of currency contraction, low wages and hard times small and ^independent business enterprises have no chance against the tendency to consolidation among others en gaged in the same line of business. Business depression is the lever by which the small enterprises are crushed oat by the large ones, which are able to take care of themselves while the little ones cannot. That the trust system is an evil cannot be doubted and that there most be a remedy is indisputable, bat the remedy for this evil, like that of general business depression, is the near cut by which the people will be given the benefit cf a more flexible currency sytem and by which the money of the country cannot be concentrated aud congested in a few money centers. Try Another Method. Mr. Wan a maker says he “cannot sit on a fence with a stiff wind blowing and whistle for prosperity, that vanished bird cf beautiful plumage.” Be might, however, try some sort of deccy bird instead of the whistle. The McKinley press agents have several varieties in stock. Kentucky Democrat* All Right. The Kentucky Democrats are not divided. They are united and standing squarely on the Chicago platform.

f WHY WE DON'T PROSPER. Baglaad Profit* to the Extent of Out 1m* tv IMUng PrtoM. The St. Louis Post-Dispatch, proving from official figures that the WilsonGorman tariff law has given this country favorable trade balances larger than were ever reached before, has frequently asked, “Why don’t we prosper?’’ The question is important and calls for an answer, but none of the gold organs has attempted to answer it. But it is effectually answered in the official statistics. In 1895 our exports were $807,588,165. Our imports that year were $781,969,965; balance in our favor, $75,568,900. Such a balance, however, owing to the low prices forced by a gold standard, paid only about one-third of our annual interest debt to England on her investments in this country.

A comparison of the prevailing prices of 1895 with those of 1878 will show what we are losing and wby we don’t prosper. On the basis of prices in 1878 our exports in 1895 would have been worth $1,769,061,584 and onr imports $1,163,659,587, leaving a balauce of trade in our favor of $016,508,997, enough to pay our anuual foreign debt and leave $856,000,000 to our credit. We would then be taking money in instead of sending it out. What we lose England, in large measure, gains. In reviewing ttw statistics of international trade for *ns same year (1895), the London Statist of Jan. 11, 1896, said:, The cash value of our Imports in 1805 was $3. 063,335,000. bi t at the level of prices US#1' the value would have been no less than 12.335.000, (BO. The be:»flt therefore from :he fall in prices at foreign ati colonial produce in 1 -4.5 compared with 1SO0 thus amounts to the enormous sum of $45t>,0U),0(Xt. What we have lost in the constant fall of prices under the gold standard is not destroyed, it is not withdrawn from circulation. It goes abroad and becomes a part of that “international exchange” of which we bear so much. Onr total losses under the preeeut system have amounted to billions of dollars, and they are continuing losses. They are coincident with a restricted money standard which has forced lower prioes and keeps forcing them lower. But perhaps Mr. McKinley's bimetallic commissionerscau persuade England to abandon her advantage in order to servo our convenience and profit. FINDS THE DOSE BITTER. A Goldbug Xew«|«per Makes Wry Fare* at the MetUeine it Helped Prepare. It is with sincero regret that we notice the unwillingness of the New York Herald to take its medicine. It prepared the dose, furnishing its own,ingredients, and is now engaged iu making all manner of wry faces and indulging in all kinds of whines because it finds the dose to be bitter. During the recent presidential campaign The Herald braced itself up against “national boner” and “national integrity'’and supported Major McKinley and the entire Republican ticket in order to prevent, as it claimed, dragging the fair name of the nation in the dust. When the returns were all in and Major McKiuley was elected, The Herald patted itself on the back. But The Herald was then ouly gazing at the label on its bottle. It has just opened the bottle and secured a taste of the dose it has to swallow, aud now its stomach revolts. Hear it: Nothing eun more effectively or surely prevent a revival of the stiver erase in llWo than prosperous business oouditvans, a prevailing popular content and a sound money system well secured. Nothing is more likely to bring about that ruinous revival than trade depree •sion. discontent among the people and a na tiunal currency sadly in ne«d of reform. The Republicans have as yet done nothing to pro mote the first end. They have done all in their power to open the way to the second- They have treated with defiant indifference the vital necessity of currency reform and have devoted all their seal to their pet hobby of protection. The result is that the country is again in the midst of a tariff agitation, which holds business in suspense and of which nobody can foresee the end

The New York Herald is earnestly striving to prove itself either an imbecile or a dope. It knows now, just as it knew during the campaign, that the Republican platform did not premise currency reform, and that the platform , only pledged the Republican party to maintain the existing gold standard until international bimetallism could be secured. The Republican party’s silence on the subject of currency reform shows th.;t it intends to keep faith with the men who gnfted the gold standard limb on the Republican tree, and after valiantly supporting that platform The Herald has no good grounds for its tearful wails. It is only securing what it advocated during the campaign.— Omaha World-Herald. Beyer* ud BrR*«• My fellow citizens, then* ss no motive to make a product if yon can’t find somebody to take it. The maker mu*. Had tke taker. You will not employ labor to make a product if you cannot And a buyer tor that product after labor has made it.—Prom an Addreua by Proa ident McKinley. Very true, Mr. President. But what is your party doing to make buyers? ; What has it done to make buyers? What does it propose to do to make them? The party yon represent has mad# infinitely more beggars during the past 25 yean than it has buyers. Do people I buy in falling markets? Do people j spend their money when it is constantly rising in value for products that are | constantly falling in value? Your in- , tenuous are. no doubt, very good, Mr. President, but they are of the kind that ! hell ia paved with. Very PnaytraM. The workingmen at a Pennsylvania Glass trust factory, who have just ended their strike after an expense erf $1,000, 000, should be at once seen by the Republican campaign committee and shown bow voting for McKinley brought them such unexampled prosperity. Looking f or Loot. The Republicans don't care whether their work is unconstitutional or not so long as they can loot the people for the benefit of their campaign contributors.

TO THE PAUPER BASIS. That Is the Level to Which Wages Must Sink. (JHDEB TEE PRESENT CONDITIONS

European Standard of Value Means European Wafts — A Gold Paper Admits That the Tariff Measure Cannot Undo the Work of the Gold Standard. In a recent issue the Springfield (Mass.) Republican printed an interesting article, which is in the nature of a j commentary on some remarks made by the financial editor of the Boston Com- j xneccial Bulletin as to, the drift and tend- i ency of business and trade. Now, the Boston Commercial Bnlle- j tin is a high tariff, gold standard paper, while the Springfield Republican is a free trade, gold standard paper. The Commercial Bulletin believes thoroughly in the gold standard, while the Springfield Republican has its doubts about it, favoring it, but occasionally lifting the curtain to give its readers a glimpse of the sordid greed that insiets on the gold standard,and its editor seems thoroughly to understand that the single gold standard has not a single sub- : stantial argument behind it. Nevertheless he approves it The Boston Oommerical Bulletin is priuted right in the heart of the high tariff region, and yet it practically ad- i mits that the Republican tariff measure ; will fall to pieces when it undertakes to undo the work of the gold standard. i In Wall street and in some of the Wail ! street newspapers there is a constant j effort to deceive the public into the to- j lief that prosperity is about to material- j ize. When some stock that is not worth, \ as an investment, the paper on which it; is written jumps utk the claim is at s ouce made that prosperity is coming j with big strides. When Che stock jumps \ down, it is said to be the result cf a 1 war scare that doesn’t exist. And yet, as The Republican says, “there has been much soberiug down to the facts of the industrial situation, and it is likely to continue. ” The Boston Commercial Bulletin, true tariff believer that it is, says that all the symptoms go to show that wages iu this country are slowly but surely “getting down to the European basis.” Audit adds that this decline in wages (under the gold standard) is “inevitable.’* The parentheses are ours. Then The Bulletiu goes on to remark that “it locks as though the days wheu this country could be called au undeveloped laud have passed.” Think of that! All our vast wealth of land, all cur immense mineral resources, all our possible industrial improvement, are to be counted as nothing — to remain ** though they did not exist. The remarks we have quoted from The Bulletiu, with their full interpretation understood, fall cu die ear like the ravings of an insane person, and yet every word we have quottd is literally true, provided the people get no relief from the single gold standard. How many weary months ago was it that The Constitution told its readers | that if we had the European standard j of value we must inevitably have the European standard of wages? The two , are inseparable. We warned the work- | ingmeu of the country during the last ! campaign that they were voting for ' pauper wages for those that could find employment at all and voting into idle- i ness thousands upon thousands of bon- j ©st men and women, and yet they formed McKiuley clubs and bowled for high tariff and kneeled to Hanna and weut marching gayly to their undoing. No such horrible spectacle bas been seen since the English prohibited the festi- j vals of Juggernaut in India, preferring to sacrifice the natives in their own way.

Well, the American workingmen sacrificed their interests to the international gold syndicate and did it with their eyes open. They would not listen to the : truth. They closed their eats to it and went marching, with yellow badges and yellow umtrelias, to vote their wages j down to the European basis—down to the pauper basis. And now one of the ablest of the Republican organs, one of the strongest believera in the efficacy of a high tariff, announces that American workingmen must prepare their minds to submit to the European basis of pauper wages, j And the able Republican organ is right. If we are to have the European money standard, we. must accept the results which that standard makes inevitable. It is a significant fact that while the editor of the Springfield Republican was writing his comments on the Boston paper’s article Mr% McKinley was in Philadelphia making a speech, advising his hearers not to be pessimistic and placidly bidding them to be of good cheer, for the tariff bill, the great restorer of prosperity, was ou its way to completion. We have no doubt that Mr. McKinley really believes what he says, for there are minds so constructed that nothing short of an earthquake can convince them that a seismic disturbance is possible. As a matter of fact, the tariff measure will have no more effect on the wages of the workingmen than a toy balloon : turned Jocse at a circus. Under the gold standard prices will continue to fall until the demand for gold ceases td be importunate, and as prices fail wages will fall until they reach the level of the pauper wages of Europe, but when that happens we hope the people of this country will decide to abolish the gold standard and substitute therefor the joint standard of gold and silver.—Atlanta Constitution. CtuupS Hla Tom. **We have got to be patient,” say* Mr. McKinley. This is very different talk from that he gave us before the election. Does Mr. McKinley now know any better what he is talking stout than he did when the great promises of immediate relief were made last year? 1

M’KINLEY’S NEXT PLAY.

As the Tariff Won't Brine Prosperity, Bo WIU Reform the Currency. As the certain prospect of a high tariff law has failed to bring renewed confidence and business activity, and as the equally certain prospect that the law when it comes will also fail to serve those ends, we are beginning to catch a glimpse of what is to be done next, says the St. Louis Post-Dispatch. Iu fact, one end of the new trick card is already peeping out of the sleeve. We are hearing a great deal now'of “the mandate of the people to reform the currency system.” In obedience to that “mandate,” we are told, congress, at the regular session beginning next December, will antborixe the president to appoint a currency commission to agree upou and report to congress a plan to “reform the currency.” The “reformers” say that the proposal will meet with opposition in congress, but that if the bill is passed the currency commission will get to work some timo next summer and report its bill to the short session of 1899. In the meantime the country is to be assured daily that the reasou for the absence of prosperity is the uncertainty as to what changes in the money system the commission will recommend and congress approve. The “mandate” of the people last year was to let the money system alone. The Republican platform declared against change. The financial exchanges thundered against “uncertainty” and “currency tinkering.” What wo want, said the gold party, is stability and rest from constant agitation. What the country needs is rest from experiments with the currency, was the consensus of goldite opinion. At no time or place, on the stump or in the gold press, could the single standard advocates bo brought to consider ways and meaus of stooping bond sales. They would uot admit that they intended to destroy the greenbacks and substitute national bank notes. It is enough, they declared, to establish business and values ou the basis of gold, the money of the great commercial nations. This they did. And now they say they have “a mandate from the country to reform the currency system.” This means uncertainty, more tinkering, more agitation and more depression of business. WORTH CONSIDERATION. ▲ Few Facta For Biiaiuesa Wen to Think Over and Dlgwt. The reduction in the quantity of money makes each piece of money more valuable. This reduction is called contraction. Bu; there is yet another way to produce contraction, and that is by a failure to increase the volume of money from year to year proportionately with the increase iu the uses of money. The silver money produced from the mines is no longer added to the volume of money. It is a startling fact that the gold produced from the mines is not added to the volume of money, but is absorbed in the arts and mechanical uses. This is a recognized fact, stated by Charles Giffen, secretary of the London board of trade and the recognized authority of Euglish monometallists. A stationary supply of money operates as contraction because of the increase of the population and consequent increase of the uses for money, just as surely as a reduction of the amount of money and a stationary demand for it would work contraction. Certainly these things are worthy of the consideration of every man who pretends to have any interest in business and who is not too busy to use his common sense in the conduct of that business. Every man in the world who is uot engaged iu the business of increasing the value of mouey and reducing the value of all other property is directly interested in the restoration of silver as money equally with gold.— Cincinnati Enquirer.

HUMBUGGED WORKMEN. Cnraged and Disgusted at the Outcome of Kepublican Promises. The country is full of vehement outbreaks on the part of the voters who were deceived and defrauded of their votes for president last fall by the wholesale delusions of the McKinley managers. The reaction is everywhere. The boastful pictures that prosperity awaited only a Kepublican triumph has been proved by events to be the merest sham and humbug ever put off upon a trustful people. It is now realixed that the craft and capital of Wall street and the cunning of Kepublican politics and the influence of a subsidized press all op-operated in last year’8 election to mislead publio opinion in the northern and nortwesteru states. Especially has this revelation been brought home to the two classes to which especial appeals were then made by the McKinley-Hauua machine. The work people of cities and the farmers in the country have given up the hope of that prosperity which was to follow closely upon last November's election, and expectation of better times has yielded place to indignation at the false pretenses they, have suffered.— Kew York News. The Biggest New York Sight. New York and Wall street views of the business outlook are particularly sanguine, and yet a recent visitor to that city says the biggest sight be saw was the extraordinary number of “To let" placards throughout the business district clear up above Forty-second street “But this is nothing,’’saidwestern acquaintance. “You ought to look over Chicago.”—Springfield (Maas. > Republican. Diagoct Growing. If the present feeling of disgust among Republicans continues — and there is no prospect of its stoppage— Boss Hanna will have to invest the next campaign fundi; in mules and chains to drag Republican voters to the polls.

Ayers Sarsaparilla it GOOD for all diseases that have their origin in impure blood. It is BETTE than other sarsaparillas, ter made, of better ingredients and by better methods, record of cures proclaims it the BEST mm <*FRED SMITHS Dealer in all kinds of RTRNXTtTRE!

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