Pike County Democrat, Volume 28, Number 16, Petersburg, Pike County, 27 August 1897 — Page 5

JACKSON AND M’KINLEY. 014 Hickory ud Omr fruwit Chief Ex In bit speech at Nashville President McKinlej Mid: "Tennessee has sometimes been called ‘the mother of southwestern statesmen. * It furnished us the immortal Jackson, whose record in war and whose administration in peace as the bead of the great republic shine on with the advancing years. The century has only added to the luster at his name, increased the obligations of his countrymen and exalted him in their affections. ’’ This is a graceful compliment from a Republican president to one of the grandest and noblest figures in American history, says the Kansas City Times. But the grace of it is far exceeded by its overmastering truth. If Major McKinley has such admiration for the hero at New Orleans and the president who stamped out nullification and took by the throat the banking monopoly of bis time, why does he not do something to emulate the example of the man he praises as an immortal. He possesses larger opportunities than Old Hickory ever possessed to benefit the people over whom be has been chosen chief rnagis trate. A love for Came and the dictates at conscience alike ought to impel Mr. McKinley to strive, by following along the lines of justice, truth and right, to deserve the exalted affections of his couutrymeu and earn their gratitude, which be has declared have bean the rewards of Andrew Jackson. What a damaging comparison the advance agent of prosperity aud the active factotum of the trusts and the moneyed classes has invited by his eulogy of the grand figure who occupies the second place in the mighty triumvirate that defended aud preserved the liberties of the American people iu their times of sorest trial! Imagine, if yr.u can, the man whose deeds have made the Hermitage holy ground iu the eyes of every patriot who reverences the hero and statesman who shed his blood and devoted his iu viueible courage, his incorruptible honesty and his powerful intellect to the perpetuation of o.ur repulJicau institutions in their primal vigor aud to the maintenance of the principle that this it a government of the people, by the people, for the people—imagine such a man invoking all the powers of the presidency to give much to them that already have abundance and take away from them whose means are scant, whose burdens ■re heavy and whose opportunities are

few. If Jack sou were alive today, would he be found, like Lincoln, on the Ride of the plain people, or, like McKinley, doiug the bidding of the money changer* and the monopolists? It nan imprudent in Major McKinley in his Nashville speech to have invited comparison be tween himself and General Jackson. It would have been wiser and more in kvt ring with what lie has done for his tauutry if he had confined his remarks t« the state of the weather. SPOILS OF TAXATION. irruabk la the Nnr.< to Confer l>nrflU on Special Interests. The spat between Democratic senators over the tariff exposed a little Democratic discord. but it was chiefly interesting on account of the light the debate threw on the debasiug influence of protective legislation, say* the St. Louis £ pyblic, Senator Tillman roughly expressed the feeling that actuates <*oujtrcs«meu in voting for protective taxes when he said that if any stealing is ta be done he wanted Sooth Carolina to get u share of it This i* the brutal troth, which is more delicately expressed by the plea for the “equalising” of the tari.i. The spoils of taxation are divided op between special interests in the different sections of the conutryT Hitherto the northeast, as the manufacturing center, has received the lion’* shore, hut the development of the country has brought other claimants into the field aud the northeast must compromise in order to get the privileges it seeks. This scramble for the fruits of robbery is the inevitable consequence of the policy of conferring benefits upon certain interests or claases of people by legislation. The power of legislation to eouceutrate the wealth of the people on the favored few by discriminating taxation ia so great that vast corruption follows in the wake of its exercise for .that purpose. For this reason the protective tariff aud the slush fund are Mis' parable aud we aare treated to the spectacle of great trusts bargaining for and baying tariff privileges. ANTE-ELECTION PLEDGES.

■dUal*T Mart Cmm Dm Hiaitinulj to fulfill HI* CoatncU. it bow looks a* though the promoters of tbe Frraker bill for the repeal of tbe autipooliug clause in tbe interstate commerce law bare abandoned hope of its passage dnrinit tbe special session. Tbe discovery that the repeal of tbe antipooling law is a part of tbe anteelectaon contract between the railroads ard Hanna and that tbs McKinley administration is committed to tbe repeal programme baa donbtleas made both senator* and representatives determined to trst out of tbe measure everything there is in it. Mr. McKinley will have to come down handsomely to tbe “j^poilMnen'* before (be can deliver to tbe railroads tbe goods doe under Hanna’s contract for future delivery. This administration iu carrying out its auto-election contracts will become Hie worst “spoils’* administration in our history. Tbe Post-Dispatch has made this prophecy more than once. It is being fulfilled every day, but ibwiil be fulfilled more and more completely as McKinley fiuds himself in tbe power of tbe men vrbo weened him from bankruptcy and took a mortgage on hi* personal and political future.—bt Louis Boat Dispatch.

POLICY OF USURERS Contraction of Money Adds to Their Wealth. RETURNS ARE GREATER 01LQA1S. la the Lut Twenty Tear* the WwiA Property Hat Shrunk One-hnlf la Talwe. Money Leaders Are So Maeh Hither. What Meaetellt—i Would Do. Statesmen who have labored on financial problems have sought to guard equally against the possibility of inflation and of contraction. They have found enthusiasts who favor a fiat money system, under which human judgment would be the only safeguard against reckless inflation. On the other hand, they have fonnd the avaricious and insatiable usurers, who make money breed, struggling to reduce the vol-1 ume of money, so that in collecting their debts they would get something mare valuable than they loaned. These destroyer* of the value of property have always understood the art of making money more valuable by reducing its quantity in the world, because they know that the more valuable money is the more property it will buy, and when they collect a debt they want the money they receive to be a great deal more valnable and buy a great deal more property than the same amount of men- I ey would buy when the debt was created. We never hear of the quantitative theory of money from the gold side ex-1 oept when they want to argue against inflation. They understand it well enough then. Then they will tell you that the more money there is the less each dollar will buy, which is perfectly true, but they never tell yop that the lees money there is tbe more property a dollar will buy. With them the r»le works only one way; with us it works both ways. Tbe advocates of bimetallism are equally opposed to inflation and to contraction. Contraction has already taken place within tbe last JO years to the exteut of about a half of tbe world’s property. Every money lender is now worth just twice as much as he was JO years ago, estimating his wealth in property of whatever kind. Every man who is not a money lender is worth half as much as he was JO years ago in tbe tame kind of property that he now owns. This contraction it is proposed to

remedy fey restoring toe silver money oc the constitution. Wwprope?'’ that the law of 183? shall be re-enacted, under which the miuts were dpeu cn equal terms to gold and silver. By the Sherman swindle of 1873 congress was trapped into closing the mints to silver. The people, by long and patient 8’ruggliug, have since secured the coinage of a considerable quantity* of silver and restored its legal tender quality, but the gold standard party, beaded by Grover Cleveland, again closed the mints to silver in 1893. The people now propose to tear down the gold party, which is the same party under McKinley that it was under Cleveland. ouly the privates is the army are different. The officers are all the same, and they all look to the same end. SV*» will not restore the BlandMllison act or the Sbcnuan purchase ac|/ These were the mere makeshifts of Wall street. They were roe hobbles placet! upon silver measures which they found it impossible to wholly defeat. We will overthrow the gold dynasty. We will obliterate every vestige of its wicked rule and have the unlimited coinage of gold and silver. The nations of the world will bny whatever thev want of us then just as they do now, ami they will bny no more. We will sell them a great deal more than we will bny cf them. They can pay ns the difference in gold or they can follow onr policy of bimetallism. There will be no inflation. The amount of money in the couutrv will be limited to the gold and silver presented for coinage and the treasury notes, which can easily be kept interchangeable with gold and silver coin. There can be no inflation, because nobody can manufacture cither silver or gold, and there is not and never has been enough of both metals in the world, available for coinage purposes, to equal the amount needed to maintain the general range of prices at what they were when silver was demonetized. Prices will not jump back to the rates of 25 years ago, but there will be a gradual rise. Money will decrease in value little by little, and all other property will increase in value little by little correspondingly.

Tbe poorest property then that a man can own will be money. Tbe result will be that the owners of money will either invest it in enterprises of all kinds or will be glad to lend it at interest to the energetic, capable and enterprising men who know how to use it in business. Money lending will still be an ooccnpation, but the money lender will rather be a participant in tbe benefits of business investments than a mere wrecker, profiting by tbe misfortunes of others and rejoicing when he out confiscate tbeir property in Urn payment of a debt swollen to doable its original sise by tbe gold conspiracy. When it is found that prices have •topped falling and that by tbe gradual increase in the volume of money there is an upward tendency in trade, tben fao. tones will open, furnaces will blase, commerce will be revived, laborers will be employed, and tbe country will move forward to tbe prosperity to which its resources and tbe energies of its people entitle it When people have work, they will have money. When they have money, they will buy clothes and food. Place tbe great army of labor again on tbe march and tbe railroad freight trains will be its transportation wagons, and from tbe farm, tbe mill and the sea will come its supplies and its implements of work and at conquest—Cincinnati Enquirer.

SILVER REPUBLICANS. The proceedings of the diver coinage Republican convention at Chicago prove to bare beat more important and significant than the scanty attention given to them by our eastern newspapers would indicate. No less than 33 states of the 46 were represented at the contention, . and considerable enthusiasm was manifested. In spite of the oomplaoent assurance of one of our goldbng contemporaries the state of New York j was represented at the gathering. The following states answered to the rollj call: V Alabama, Arkansas, California, Colorado, | Connecticut, Delaware, Idaho, Illinois, In- j diana, Iowa, Kansas, Kentucky, Louisiana, | Massachusetts, Michigan, Minnesota, Mia- ; aouri, Montana, Nebraska, New Jersey, New i York, North Dakota, Ohio, Oklahoma, Oregon, j Pennsylvania, South Dakota, Utah, Washing- j ton, Wisconsin, Wyoming, West Virginia. The address adopted by the convention ! declares that— The Silver Republican party of the United i States favors the immediate establishment of I bimetallism by the independent action of the ! United States, through the free coinage of both silver and gold at the ratio of 16 to 1, and the clothing of both metals equally with every attribute of full money, with the right to i every debtor to chooee which coin dial! be the basis of payment. It is very certain that if President McKinley yields to the Gage programme and asks congress to pass an act retiring the greenbacks and giving the profits of issuing all oar paper money to the national banks he will arouse suoh a schism in his party as will insure its overthrow. By inviting Mr. Gage iuto his cabinet, under advice of his political mentor, Hanna, McKinley placed himself in the hands of the bank capitalists. An immediate revolt in his own party was only avoided by his appointment of Messrs. Wolcott and Stevenson to visit Europe on an international silver errand. But the preparation has been proceeded with, and the machinery has been got ready, and the silver Republicans are upon his track with vengeance iu tbeir hearts and denunciations in tbeir utterances. Mouey is becoming scarcer and times are growiug harder every where in the United States. —New York News. M’KINLEY’S FIXED POLICY,

For Walt Street mad the Geld Standard First and Lut Tbe prospect of a crushing Republican defeat in Ohio is baring several rather unexpected results. It has induced Senator Forsker to announce his withdrawal for the time being from active political management, so that he cannot be held responsible for the debacle, and Hanna himself admitted two weeks ago that a more vigorous Cuban policy was likely to be thrown as a sop to dissatisfied voters. That the alarm is growing is shown by the inspired statement put forth prominent!; in Republican organs that President McKinley has issued specific instructions to American embassadors and ministers to the leading mcnometallist countries of Europe to “do all you can far bimetallism. ” Accompanying this announcement is the declaration that McKinley is a genuine bimetallist; that he is in earnest in his desire to promote bimetallism, and that he hopes to see tbe problem solved during his administration. All this will evoke a-^prolonged howl from Wail street and the organs of the international gold syndicate. McKinley will be accused of repudiating the pledges of tbe St. Louis platform and of deceiving the most productive of the fat friers in the last campaign. But Hanna and McKinley have readied the conclusion that even this is better than a crushing defeat in Ohio, which is now seen to be inevitable unless something is done to stay the rush of the people in that state to tjbe free silver ranks. Wall street will be defied for a few weeks while another scheme is engineered to bunko the people. When the election is over, whether Hanna wins or loses. Wall street and the syndicate can be pacified again by a return to the gold standard policy, which is the fixed policy of the McKinley administration. — St Louis Post-Dispatch. LET THE FOREIGNER PAY.

Mo Mood to Eeoaomlic So Lm| m Ho Pojro the Bill*. The always amusing Lincoln (Neb.) Journal occupies a column in making an admission that the tariff is a tax. says the Omaha World-Herald, but it insists that the importer pays it. Then it bowls because Cleveland issued $262,000,000 of bonds, which the country must pay. Now, what’s the use of being economical in government expenditures, and what’s the use of mourning because Grover Cleveland increased the national debt, if we can pay the running expenses of the government and the debt by taxing the foreigners? This is the question that the Lincoln Journal must answer. It need not imagine that it can tack its head under the high tariff sands and thus screen its ungainly body from sight. If the foreigner pays it, why not pile up the money iw the treasury by issuing bouds? Why not flood the country with money if the foreigner has to furnish it? Away with national economy it the foreigner has to furnish the money The Lincoln Journal has been trapped into admitting wbat Democrats have always contended—that the tariff is a tax. But it still insists that the foreigner pays the tax, and out of respect for the feelings of the foreigner it bewails the fact and demands economy in public expenditures. The Lincoln Journal reminds one so much of Artemos Ward’s kangaroo—it is so “amoosin.” S*» IMr WmtXf. The people everywhere are becoming aroused to the fact that the hard times are the result of their own folly, and that their only hope lies in abandoning the teaching! of thorn who lira on their

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Summer Suitings We have the latest patterns and styles to select from. S\iits 3^Ca.d.e to i^easmxe : SIS, IS, SSO, S22 and TJp. Pants ^Ea.d_e to Order: S-4, 5, S®, 7, S3 and. "CTp. Burger & Bro., Merchant Tailors i

I have some of the best pigs on hands now that I ever owned. I have 13 gilts and 4 males that are tiptop, sired briny great show boar, B*«One, No. 3095. Among the lot are two extra December boars that are large enough for service. Prices reasonable. M.L.Heathman, Glezenjnd

Louisville, Evansville & St. Louis C. Railroad1 Time table In elfeet June 27.18*7:

St. L*'UI« St. I.out* Fast K* p. Limited. Stations. {Louisville Louisville Limited. Fast Exp. 8:<r a.m. S.07 p.m Leave . Louisville . arrive lu:*s H.m. ||:t3p.m. l.enve . Huntmgtnirg .. arrive ItSiamj 11-Msm.ilssn . Velpen . arrive li:!H a.m . B:lia.m.jLeuve . -- Winslow . arrive 11:81 a.m I2:3i a m. Leave .. Oakland City.. arrive 8:58a.m. Arrive. - St. Lnnia* .». Leave 7:00 kS a.m. 4:«g a.m. 3:38 a m 8:87 a.m. 8:13 | 5:30 p.ra. Sd# p.m. 2:38 p.m. 2.27 p.ni. 2:12 p.m. 7:58 a.m. Night trains stop at Wmstow and Velpen on signal only. R. A. Campbell. G.P.A., St. Lome. J. F. Burt, agent, Oakland City.