Pike County Democrat, Volume 29, Number 23, Petersburg, Pike County, 14 October 1898 — Page 5

THE DISHONEST DOLLAR Silver Good Enough For tho Sol(tier, but the Bondholder le Fold In Gold. th* (!•*#»■«■( For Twn Made 0*4 ClrcataM "OMwawl Bolltn,* Only to Flo«i It Oat It 1073. aad Woo Tran Lttor Woot Into tho “IIMwowI Dollar** BmImm Again. If the people of Indiana, believe the half, or the 100th pert of oae-h&lf of the moa things end veporiogs of the gold bag* end their henohoien eboot the 0(1* ver dollar, they most conclude that the government, front ita fouudatiou. hat been engaged in coining "dishonest dollars," aud that when if was not coining ‘'dishonest dollars" at its own mints, it wont into the business of makiug Mexican, Spanish and the dollars of other nations "dishonest" by affixing a dishonest value upon them aud made them pass current at such value in the United Btatee

Under every administration, from Waahiugton to Grant, this thing of .coining “dishonest silver dollars” proceeded unquestioned, bat, in 1878. that paragon of integrity, John Sherman, saw the moos irons dishonesty of coining silver dollars of 413>* grains of standard silver, and by perpetrating a fraud in the interest of Jodss Iscariots, the money bng holders of the nation, put aft end to the coinage of “dishonest dollars.” Ko»one knows, tr will ever know, the amount of swajEJohu Sherman secured by this act of treason to the people. It is only known that, on 95,000 a year, he became a multi-mill-ionaire. was kicked out of office by William McKinley and left, in his old Age, to reap a more abundant harvest of obloquy thau has fallen to the lot of Any native American stnoe Benedict Arnold set the example of selling his country for British gold. The fraud perpetrated by John Sherman delighted every goldbog in the land, just as Arnold's treason won the applause of the Tories in the war of the revolution. But, it appears from the records, that the people of the United States were so eu.unored of ths business of coining dishonest dollars" that in 1678, alter living five years with the mints dosed to the coinage of **dishonest dollars," a fosrful epidemic of dishonesty seised up >u the people and swept over the country. Aud again the mints wore opened to the ooiuage of “dishonest dollars," aud this swelling tide of iniquity nnd ssioti uding onssedoess rolled on till more than 400,000,000 of “dishonest dollars" were coined—dollars Whioh In the high wrought indignation

of a KepuUiuau cotnptigu opeuers declared to be ••two-fifths has." and sees no misou why the government may not go to the extreme and ooiu a whole silver dollar Ue, upon the grooml, that if - the government pats in circalation a dollar wbioh is "two-fifths" ft Ue, it may - with equal propriety put iu circulation * dollar fire-fifths a Ue—in fact, go into the counterfeiting basmiees under tho coufctuutimt and laws enacted iu conformity with the constitution. It auy one will go to the trouble of reading the campaign opening address of Hon. Albert J. lloryridge at Tomlinsou hall, delivered some weeks siuoe. it will be seen upon what sort of oratorical ration* the distinguished speaker fed his audienoe. It is not to be assumed that the Republican campaign opener, though a regular VWuvuui orator, made any converts from the ranks of silver Republicans, or tn auy wine demoralised Democrats, but his reference to the dishonest American dollar indicates quite conclusively the kind of financial literature ttiat suits the Republuan party. The Amancsu dollar, which the gold bugs delight In denouncing as dishonest and "iwo-fli tbs a Ue," if these epithets * •* re wanwnted, would present the Un-ted States before the world as a nation of knaves, coining dollars “twofifths" a Ue, and compelling the people to acoept them as if they were honest dolkr*. •* To quote Mr. Beveridge verbatim, he.mid: "If the government stamp can make a piece of silver which yon cau boy for 4fi oeuts pass for' 100 cents * • • and if the government lies two-fifths in" declaring that 43 cents -is 100 ccnta. why not Ue three-fifths and declare that nothing at ail is 100 cents?" This aort of runt is accepted as financial gospel by the Republican press aud the Republican managers of the campaign, and yet, when their attention is called to the fast that the dollar they denoanoed as dishonest, and as lies, are paid out to soldiers, they are then compelled to accept the Democratic position relating to the honesty of the silver dollar, that it is a standard coin. Irredeemable, sound as gold, constitutional and primary money, a legal tender for all debts, public cr private, and that its coinage now. as in 1793, meets every requirement of sound money. To this the Repubhoan gold bug* are driven, cr be compelled to admit they have paid aoiuiprs in “dishonest" money. But this fact in no wise relieves them of tne odium of mendacity which they have earned by their puerile and studied slander*, heaped upon those who have sough: with patriotic persistency to remonetise the silver dollar in the interest of ell the people. But the Republican party, by paying silver dollars to soldiers and refusing to pay them to bondholders, has placed itself on record as a party making a distinction between soldiers end bondholders. The party regards silver as inferior money and gold as sujjerior money. In paying the bondholders it » surrenders its option and pays them in fold. In paying soldiers it esennsss Its

^ ”—■—pr optloii awl pays thtm in slleur. It di ver to Rood enough for soldiers. it to good enough tor bondholder*, and this, if the cm* were submitted to the people, would be the verdict And the Demo*1 eratio party doe* submit the question ; to the people of Indiana and asks for their ( verdict at the polls ou Nov. 8. 1898. The facts are as stated. The govern*j meat to placed under obligation to sol- j diem of e higher character than its obU-! gallons to bond holders. These soldiers J performed patriotic service; they placed. | their health aud their lives in peitl to serve their oonntry. It has been said, I and truthfully said, "There is nothing too good for soldiers.” If the Repub- \ I lioan party believed that, ihmust pay its soldiers in gold, because itnaye "gold to ‘ the beet money." It is the money which! it pays to bond holders, bat it does' not pa£ the soldiers m the money • it pays to bond hol ier*. Bond hold* ers will not have silver dollars, j which Mr. Beveridge characterises > as "two-fifths*’ a lie, Upt it does pay j snob silver ooins to soldiers, and does not permit them, aa it permits bond holders, to choose the kind of money they will accept. If, as they are compelled to do, admit that silver dollars are "sound money,” sound enough to pay soldiers, why not pay it to bond holders? Let Republicans answer, if they can. Indeed, the Democratic party of Indiana incists they shall answer, or sit as dnmb as so > many bronse dogs on the front steps of a plutocrat’s palace.

FOREIGN TR&DE | ■_ Its Condition Before and After the Act of 1873. By FUftoo <1. Tan Torkh. The more carefully tho reports of the treasury department are examined, the more do the figure* there given emphasise the intimate relation that exists between our foreigu oommeroe and the money question. The real significance of the figures there given can only be arrived at by computation and comparison. Mot every one is inclined to make snob careful examination. Every man ouaht to do so who represents or desires to represent the people, or attempts to discuss the subjeot. For 96 years there has been an awful draft by foreign trade upon oar resources. It can hatdly escape attention that there has been a constant ioss since 1879. and that the las# ha* been increasing ever siuoa. There cau be uo doubt that this annual loss goes to pay interest to foreign holders of oar debts, dividends to foreign holders of our corporation stocks and rents to alien landlords. This is clearly shown by the tables

of (iouou exports and imports of merchandise end of exports and imports of gold and silver from 1835 to 1897 to be found iu everr monthly report exoept those of May and June last. It is worth while, in view of present conditions and the repeated assertions made by oertain papers and speakers that oar foreign trade gives evidence of prosperity, to see what these tables contra. The fiscal year prior to 1813 ended on Sept. 30. Since that date it bas ended on Jane80 Draw a liue across the tables between 1373 and 1874, dividing the whole time from September, 1834. to Jane 80, 1898, into two periods. An estimate of the exports and imports of merchandise and the mouey metals (gold and silver) during the first period ot 38 years and nine months will show that the wealth of oar ooantrv was increased by foreign trade by $557,090,937. This was au i average annual increase of over 114.300,000 for the entire time. During the last 20 years of the period the net average annual increase of wealth was nearly $19,000,000; daring the last 15 years ! it whs over $88,000,000; daring the last 10 years it was over $42,500,000; daring the last five years it was over $55,500,000. Daring the last year, ending Jane 30. 1873, the net gain was $57,090,000. The showing is different for the second period of 25 years, beginning Jane 30, 1878, and tndiug June 30, 1898. In stead of oar wealth increasing by foreign ; trade, we lost during the time $8,547,087,104. This was a net average annual loss of nearly $142,000,0ML Drop oat of the calculation five years as a time, begin- : ning with the earliest data, and note the [ rapidly increasing loss down to the year ! 1898. Daring the last 80 years the net average annual loss was nearly $148,- j 5U0.0U0. Daring the last 15 years it was I nearly $164,500,000. Daring the last | 10 years It was nearly $200,000,000. I Daring the last five jeers it was over i $880,500,000. Daring the lest jeer the ; j net lots reached the enormous sum of | $635,000,000. In the feoe of such e j i shewing what oomtnaut is neoesaary? j Prior to Jane 80, 1873, oar foreign trade | brought a gradually increasing balance j | in oar favor. With oar increase of j ! population and bnsaneas, our wealth in- | rms sod until in the lest yeer the excess j of imports of merchandise end money I metals over exports reached nearly $57,-1 ! 000,000 of balanoe on oar side of 'the ledger. In the next yeer, ending Jane 80, 1874, we lost over $57,000.0001 In 1875 we seat oat of the ooantry aa excess of over $71,000,000 la gold and silver alone. In 1876 we lost over $180,000,000, of which ; $40,000,000 eras gtfid and silver; in 1877 over $167,009,000 Between the years 1890 sod 1800 there eras some decrease !. .he anneal loss, caused, no doubt, by ioe beneficial effects of the Blend-Alli-son law. From the yeer 1880, however, j the less has eontinued with increasing j rapidity, notwithstanding our great increase in popalatioe end badness. until It baa reached its present tremendous proportions. It Is difficult far the student of economics and commercial movements te avoid the eonclasion that the difference between the two periods

passed in 1878, by which the destruction of bimetallic option was commenced. What will be the ultimate Unit of this foreign demand cannot be certainly predicted. It is oertain that there is not now any tendency to a decrease of the aggregate amount of interest, JItIdeads and rents to he paid each year to aliens. On the contrary, the net exooss of merchandise and silver necessary to seenre at any return of gold will, and most, continue to increase with more or lass regularity until the bimetallic option is restored. How long we will be able to stand this no man can say. | Oar resources are greet end oar productive powers almost unlimited; but our foreign trade is hat a small part of our commercial transactions. If this was all the draft npoa oar industries and! oar productions we coaid stand it for a j long time. If it ts true, as we claim, | that the destruction of the bimetallio : option that has been the governingj power and the balanoe wheel of ooua-; mere* for more than 1,000 years has produced this result in oar foreign trade, the same appalliug consequences have fallen upon our domestic traasaetions and is rapidly concentrating the wealth of the ooua try in the hands of the creditor classes. If interest j on credits and dividends on stocks held | in foreign countries and the rents toj alien landlords have created so large and continually increasing draft^what mast be the magnitude of the ag#R>gate draft caused by interest on credits, divi

QBDOS UU «W»S ttUU WUW.OU «|Knju*«tire investments held by our own old* suns? If the Remand caused by credits, stocks arid speculative investments held at home hare increased in the same proportion that the figures show those held abroad to'bare increased, the time is near at hand when the entire production of the county will not be sufficient to satisfy it. ^hat then? Already, according to intelligent estimates, *50,000 people of the United States own 80 per oent of all the wealth. How mnch longer can this concentration of wealth continue before the point is reached when nothing bat revolution will stand between oar industrial and producing classes and slavery to the holders of wealth ? The course that has been panned since 1861 and still is being pursued by the great financial interests and creditor oiasses, is bringing about a conflict between wealth and production. If the American people da> sire to remain free they will be compelled to take euro of debtors and lei the great creditor classes take care of themselves. If American institutions are to be perpetuated the policy of this country mast cease to be what it now is—to promote speculative schemes for publie and private robbery. The policy must be au honest attempt to promote legitimate business interests. PRESIDENT'S WAR

The New York Tribune, food Republican authority, save: ••Prom.beginning to end it has been the president's war, and today it is the president's victory. ’* That settles it. Dewey, Sampson, Schley, Merritt, Shatter, Alger and Long are baok numbers. Only Major McKinley is to be reoogmiaed. The Tribune further says: “We do not mean he (Major McKinley) sought the war, or wished it or entered upon it with feelings other than of reluctance and of detestation." Right again, McKinley is -no war horse. His “neck" is not “clothed with thunder," and but for the Democratic party, the Cuban patriots would be still living under Spanish rule. The Rothchilds proclaim that they have nothing to do with silver, that their transactions are all in gold. The same is equally d»e of Mr. J. Pierpont Morgan, the Wail street Shyloek. These speculators in gold have no nse for silver, the money of the producing classes, j who rarely if ever see a gold coin. When Major McKinley joins the “in-1 memorable caravan" etc., there will be a chance for men like W hi telaw Reid, in writing his epitaph, to say, “The oemetaries where lie buried tire men who fought all the- American ware from 1776 to 1606, do not contain as many heroes as this solitary grave." In the United States, where every volunteer soldier is a sovereign oitisen. tbere is no reasou under heaven why they should not be treated by the government with as much consideration as the officers. In war the rifle is of more consequence than the sword. ‘The nations of the earth unstintedly praise the American nation for the way it oondnetad the war with Spain, and yet Whitelaw Reid says McKinley entered upon the war with “feelings of reluetanoe and detestation." Admiral Sohley it a Democrat, and that is the reason the administration has tried to suppress him, and has kept him from maintaining his place on the naval roU. William Rockefeller, a multi-million, •ire and tax-dodger is fighting the New Jersey officials for a reduction of taxes. He is the fellow who refused to pay a poor tailor for mending Ids breeehea Dingiey's protective tariff produced Its first year a defloit of 198,648,106. but it put many millions In the pockets of the men who subscribed to Mark Hanna’s fund to else! McKinley. Free ooinsge is inalienably allied to the free institutions of the country, without it me pass to the vassalage of the phatocraoy._ The R«f Wlnsu goidbug speakers have yet to learn that the advocacy of

Mr CLOSING OUT SALE OF CLOTHING to close AFTER thirty-five years in the Clothing Business I have decided to ctaie out ray entire stock of Cloth' ing, consisting ot Mens’, Boys’ and Childrens’ Suits, Overcoats and Pants, in order to enable me to turn my attention more fully to Dry Goods, Shoes and Furnishing Goods. My stock is fresh and comprises all the latest styles and effects, and they must be sold. Profit will be thrown away for the reason that prices must sell this Immense Stock of Clothing!

And money we must have. You can’t afford to miss this sale. It’s a chance of a lifetime. This is no fake sale, it is just merely a sacrifice of an enormous stock of Clothing for the benefit of the people. If you are needing any thing in Blankets, Underwear or Hosiery, we sell everything at greatly reduced prices during this sale, for we will make this the Greatest Bargain Sale ever known. AH articles guaranteed as advertised or money refunded. Look Here for a Few of the Bargains.

Hen’s and Bays’ Clothing. 10 M*»*s good Saits, closing out price .....$ 2 34 13 Men's black and blue, square or round cut Suits, sir.es 34 to 33, closing out price... 3 69 9 Men’s back wool cheviot Suits, sizes 35 to 42, dosing out \ price ...... 3 89 23 Men’s alt wool Suits, sizes 83, 84, 85. closing out price... 4 49 6 Men’s all wool cheviot Suits, square cut, closing out priee 4 69 10 Men’s ail wool black clay worsted, closing out price..... 5 49 39 Men’s all wool fancy plaids, all sizes, closing out price .. 6 00 Boys’ good Suits, long Pants, 13 to 18, closing out price ... 2 00 Boys' all wool Suits, iong Pants, 14 to 19, closing out price 3 99 Boys’ all wool black clay worsted, 18 to 19, elosing out price 5 00 Children's short Pauts, school Suits, 5 to 18,dosing out price 49 Children’s wool Pants, school Suits, closing out price ...: 1 49 Children’s Pants, school Suits, all sizes, closing out price ...... . 1 75 15 Men's odd Pants, all wool, closing out price. 1 00 80 Boys' mid Pants, all wool, elosing out price... 1 80 28 Children's knee Pants, all sizes, closing out price... 49 Men’# good Jeans Pants, lined, closing out priee. 65 Men’s heavy Jeans Pants, lined, closing out price. 88 Men's wool Jeans Pants, lined, closing out price.- 99 Boys’ heavy Jeans long Pants, lined, closing out price. 49 12 Men’s black Beaver Overcoats, closing out price ........ 8 69 25 Men’s black sr blue Beaver Overcoats, closing out price.. 4 49 1 lot fine brown Beaver Overcoats, 33, 34, 85, closing out priee .... 4 89 25 Children’s Overcoats, sizes 6 to 15, closing out priee.... 100 Men's Mackintosh with Capes, all sizes, sale price. 1 59 & Boots and Shoes. Men’s good Boots, per pair.. ....... Boys’ good Boots, per pair .... Ladies’ heavy riveted, lace or button Shoe*, per pair *. $ 1 35 . 1 25 96

Blankets and Woolen Goods. Good cotton Blankets, per pair.............. Extra cotton Blankets, per pair.... Extra red or prey Blankets, per pair... Wool, grey or red Blaufcets, per pair. Extra heavy, all wool Blankets, grey, per pair Comforts, each.... Big size Comforts, each .... .... _... . Sateen Blankets, each.... Notice the Dry Goods Bargains. Ladies’ full size, all wool flannel Skirts.$ 59 Ladies' all wool Hose..,.... .. U All wool Dress Goods, per yard.... 25 Fancy plaid Dress Goods, per yard...• It Extra wide Canton Flannel, per yard.. ft. Extra wide Flannelette, per yard .. 5 Good Calicoes,per yard.. .. . ..• . * Cotton Baiting, per roll?.... 9 Yard wide Floor Oil cloth, per yard.. 15 Ladies good Capes...... Ladies’ Fancy Trimmed Capes..... Oft Ladies* heavy Capes, trimmed with Buckles, etc..... 1 24 Ladies’ Plush Capes.. • • *♦ Mens’ 50 cent Undershirts .... Men’s 50c Drawers, heavy, per pair....Men’s Fleece lined Drawers, heavy, per pair. Men’s Fleece lined U ndershirts, heavy ...... ♦ » 49 9ft . 1 24 . 1 89 49 9ft 42 42

Sale Now Going On. Don’t fail to come early to this sale, for the best bargains are picked out fust. This is no humbug sale for I am actually going to quit the Clothing Business, and consequently will sell Clothing at a price to close out at once. Don’t miss this sale. You can buy more with a dollar now than ever before. Remember the place. MOSES FRANK.