Pike County Democrat, Volume 29, Number 28, Petersburg, Pike County, 18 November 1898 — Page 8

PARITY OF THE METALS Influence of a Nation In Equalizing Values. SHORTAGE OF GOLD AHD SILVER. Scarcity of the Preeloua Mttote Tndkmtod fey the Volume of Credit Money In Ctr•alStion—Darina the Lout Floe Years Bvory Gold Standard Country Haa Had a Financial Panic. While Bvery Silver Country Has Prospered. In order to show what great influence a powerful nation can evert in establishing the equal value of the metals an important fact to be borne in mind is that there is now and always has l*en a shortage In the precious metals. This is demonstrated by the fact that governments. either through their treasury departments or their banking institutions, have been compelled, by reason of the lack of gold and silver currency and consequently of full oovered paper money, to issue a substitute thereof in the form at uncovered paper currency, called credit money. No nation would undertake the issuing of money bas 'd upon the general credit of the government or permit banking institutions to issue such money if there was not on imperative necessity for a greater circulating medium. Consequently the total amount of snch uncovered or credit money in the world indicates the existing shortage of metallic money. We know that there is in existence in the world at the present time, according to the report of the treasury, $2,666,800,000 at such uncovered or credit money. With such an enormous shortage in the precious metals you can readily see that a powerful nation would have much greater influence in establishing their parity of valae than if there was •n abundance or an oversupply of the

same.1 If I knew but on© fact—^namely, the condition of gold and diver standard countries of the world for the past five years—I would know that the cause of the depression in the United States |p£ that period was duo to the gold stauiF ard; that it was doe to the greatly increas'd .demands made upon g^J in 1893 and 1891 by the closing oftho India mints to the free coinage of silverand the attempt to establish the gold standard in that country, by the large Sirchasos of gold for the war chest by uasia, by the efforts of Austria to resume specie payments in gold and by the offer of our government to redeem all the treasury notes issued under the Sherman act in gold. Every gold standard country in the world, whether situated on this continent or on tho other, whether in the sortern hemisphere or the southern, ever since tho closing of the India mints has been in the throes of a financial panic haring the same trend of falling prices that prevailed in this couutry, and that fact existed irrecpec five as to whether in those countries there was n high tariff or a low tariff. On the other hand, every silver standard country in the world, whether situated on this side of the water or on the other, whether north or sooth of the equator and whether it has a high orl low tariff, is today and has been for the past five years, compared to its former condition, enjoying a marvelous degree of prosperity. By this statement I juu not saying that the Mexican is equal to the American, and I must say that the man who uses the statement. ‘‘Do you want to Mextcanixe America?” does not know the meaning or import of an argument. We could with equal propriety say, 44 Do you want to Turkeyize America?44 for Turkey has the gold Standard, and I am wiiling to contrast the civilization of Mexico at any time with that of Turkey, and I am willing further to contrast the payment of wages in Mexico with not only those paid in Turkey, but also those paid iu any European nation. I might further •ay, “Do you want to Egyptian lze America?" for Egypt has the gold stand ard.—John F. Shafroth iu Democratic Magazine.

No Coaprvmit*. To tu» EuiToii—The St Louis plat* form misled millions by the promise of “international bimetallism. “ Thank God that phantom has vanished. What next? Equally deceptive and unmeaning “conservatism.** Anything to beat silver “International bimetallism” and “conservatism. *’ as defined by the gold oligarchy, mean one and the same, and, like the cry of "sound money," are only calculated to tickle the ear. Let the "conservatism** join the Republican party of lik^ proclivities or fall in at the mar of the general procession—the farther iu the rear the better. But the idea of taking that figment back into the party they deserted in its time of need would -be as impolitic and unwise as to invite Spanish prisoners on their way to Spain to return and join General Sbaftor’s army. The Issues df the obtuing campaign are now clearly defined. Our only eafety is to stand firmly and united by them.—Erastus Snow. The War Taxes. Probably many druggists will have to be content to make smaller profits, and so also will the dealers in tobacco. The duty on tea will be wholly borne by the consumer. The tax on sugar refineries and oil refining can be shifted on to the oousumar. and the banks will probably charge tbeir depositors fur the checks used. The class least affected by the new law are the landlords who live upon titttcrest and those who live off the Cjfits of others' toil. They will pay t little more than the day laborer. Such schemes of taxation are unjust and are therefore unpopular The bqst provision at the bill is that which provides for the coiuage of silver bullion in the treasury This injures no one and adds W the volume of currency-—Santa Ctai» Sew*

DEMOCRATS AND THE WAR. Thai* Foallloa ttwa—tlabU From Om StMdpolDt of Patriotism. With magnifioent inconsistency the Republican party assert* that the war against Spain is a Republican war. Occasionally an administration organ admits that the Democrats forced McKinley to fight, bat cm the whole the Republicans have decided to make political capital oat of the w&r. With this fact in view the people should read with care and remember after reading the following plank in the Democratic platform adopted by the Illinois state convention at Springfield: “We pronounoe the present war with Spain justified by every consideration of justice and sound national polioy. We congratulate the Democratic minority in congress for theism stand in demanding tho vindication of national honor, indorse the declaration of war on Spain and demand its vigorous prosecution in the cause of humanity." There is much history oondensed in the paragraph quoted. Mach tj^at the Republicans would like to ignore. ( Much that Mark Hanna has already a£~ tacked. Much that Grosvcnor has attempted to falsify. . Bnt the statements are true in every respect, and will be aooepted as true bjf men who know what they are talking about and who are prompted to lie in the interests of the Republican politicians. Democrats favor the war with Spain. Tho Democratic minority voted for war measures. Democratic generals and naval commanders aided in conquering Spain; hence the attempts of the administration to make this affair a “Republican war” will fail eutirely to win political success for the Republican party.

A SHIELD FOR SWINDLERS. The War Knablc* Fwnd to Thrive Under the (inU« of l*atrlotlem. We must not crificiso the bond issue because it was a war measure. It is nothing if bonds make the rich richer and the poor poorer, it was a war measure. We must not co*nplain that the revenue bill exempts the rich from paying their just proportion of the expenses of the war, for it was a war measure. We must not complain if the poor have to pay ail the taxes under the war revenue bill. because it was a war measure. Aud eo it goes. An instance may be cited where downright fraud may be practiced, aud it is regarded as patt^tio to kt^pit mum. About a year ngto^e t? >lv»i». u Norwegian tramp steamer, was bought for 440.000 and rebuilt at a cost of |!25,000. Last April she was offered to the government as an auxiliary cruiser, but was rejected. But later, at the request oi the politicians, i he was bought by special agents of the government for $342,000. Here is a cold steal of over $150,000 that tbe special ageuts could easily explain, but in the name of patriotism we are expected to be muni. Brother Barry is right. This war was the rich man’s opportunity to make money and the poor man’s chance to fight aud pay taxes.—Martinex Country Paper. _____ _ Humbug and Wheat. Why have the Republican editors fallen silent ou the great question of wheat? Wbat has become of the Dingley bill—its vast influence in booming wheat np to and beyond the dollar mark? Wherefore are the Republican orators mute ou the enormous wealth gathered by the homy handed eons of toil who worked the farms while the Diugley confidence men worked the farmers? Whence have fiown the turgid pages of rhetoric abort the mortgage lifting power of the advance agent ol prosperity? All these queries are pertinent since the famine m India has ceased, since the crops of wheat for 1898 have been estimated, sineo the corner in our great cereal has been broken and since the price of wheat has tumbled down hill faster than it ever climbed up hill. If anybody has ever beeu fooled by the unblushing effrontery of the claim that the Republican party has anything to do with raising the price of wheat, now is the time to repent, confess and receive absolution. Wheat has tumbled, though the Diugley bill has not been repealed and in spite of the fact that the Republican administration at Washington still lives.

Will Not Be Fooled All tbe Tim*. Hon. William Sulaer of New York wan an earnest supporter in the House of representatives of the 'idler resolution for the payment of the bonded debt and interest in either gold or silver at the option of the government lie said: “You cannot fool the people, as Lincoln said, all the time. They are watching you, and they comprehend the situation. They know that your ac- j tion here today is a futile attempt to, rob industry, arrest thrift assassinate labor, defraud honest debtors, violate j the obligations of contract and perpe-! trate on the masses the most frightful, i Crimea that can be committed in order1 to seemingly bolster up and perpetuate i tbe single gold standard. “ Tke Whs Deposits*. Tbe bankers get their depositors who j do not want war bonds to till out an ' application and then turn the bonds j : over to the bank. Wise depositor! j Don't want any hands himself, hat generously gives the money to the banker to buy bonds with and as a further accommodation fills oat the application far the hardworking banker. That’s a j little the warmest combination that hat ; yet shown up.—.Pilgrim. house or senate who voted for bonds fes i this and future generations to pay instead of treasury notes, which would have oost nothing and which would hive enlarged the volume of money and made times better. — Silver Knight Watchman.

YES I IT HAS BEGUN I CHE LIKE NEVER SEEN BEFORE IN PETERSBURG. Boxes after boxes of Dry Goods, Cloaks, Clothing, Boots and Shoes from the great Newman failure in Chicago. Thousands and thousands of dollars' worth of goods at auction prices. This vast pile of merchandise has been shipped to our two stores and will be on sale from day to day until sold. This is a chance that comes but once in a lifetime, and while ’tis somebody's loss ’tis your gain. While there is enough goods to supply multitudes, they’ll melt away like snow in July. Be wise; be up and doing; the best things go first. Bring your wife and attend this great sale. You should lay in your full winter’s supply; yes, even for two winters at these prices. Put this bill in your pocket.attend this sale and behold with your own eyes these miracles. Compare these prices for yourself:

Peoples’ Dry Goods Store.

Dry Goods From Chicago Failure. Thousands of yards Calicoes, black and,, while, turkey mis, dress styles, fast colors, Chicago prioe 5e... 8|e j Full width Shirting, round thread, good colors, pretty patterns, Chicago ’ price 6c, sale price. ,. 4c ILL Muslin, full yard wide, for Under* -j ■ wear or Sheets, Chicago price 5c.... 4c 25 pieces cotton Flannel, full width, pretty fair quality,' sale price......, 5c 500 yards good heavy toweling, rough finish, stands hard use... ......... 4c Ext ra sue gray Blankets, pretty border, stitched edge, sale price.96c Bed Ticking, full 82 inches wide, pure indigo eolor>, sale price. ?c Large tan Swahsdown Blankets, soft as down, wave borders, regular cold resisters., sale price...1 48 j 100 pairs Blankets, full siae. good weight, natural gray, ml or blue border, tailed edge, for this sale-49c Bleached Table Linen. 58 inches wide, pretty patterns, Chicago price 40c, sale price,....... 85c Chicago Cloaks and Capes. There are hundreds of Capes and Jackets in this shipment of every style and pries'. Here a-e Cloaks for the humble and Cloaks for the rich, no matter what your station in life, you’ll find a garment to fit your purse. One lot Ladies* Jackets, fine material, good and warm, but not up to date in style*, vvor’h #5 to 8, sale price-1 48 i

Ladies’ Jackets, beaver, boocle. latest style#?, seams all bound and laced, large buttons new collar, price.4 98 Ladies' Capes, full length, 88 inch sweep, fast black satineUe, two rows braid down front, worth $1.50 this world over, sale price ...._..... 69c Ladies' Capes, good weight, with three rows fancy braid, metal ornaments, ’ full collar, Chicago price $2.25.98c Ladies' plush Cape, genuine box plush, 5 inch collar, tur trimmed, Chicago price #4.... ..2 48 Ladies’ fine Capes, Dobson plush, silk lined, full sweep, collar edged with^ fur, silk braid and bead trimmed, Chicago price $8.50, our priee.4 98 There is not a style of Jacket for 1898 that is not shown iu'this vast stock, including all the new colors in blue, lan, covert, | etc., and all sold at reduced prices. Chicago Shoes. One lot Infants’ lace Shoes, with soft soles, salr price. 8c Infants' Moccasins, stitched with silk, silk strings, Chicago price 25c ... ,. 15c Infants' Dongola Kid button Sites, patent leather tip, sewed soles.. 21c Ladies' Dongola Kid Shoes, button or lace, with tip, E or BE, sale price .. 04c lilies’ fine Kid Shoes, lace or button, 1 coin toe. pretty tip, solid leather soles and counters, sale priee ... .1 48 500 pairs Ladies’ line hand sewed Kid Shoes, stock fine as can be mAde. all | sizes, not quite up to date, regular $3.50 and 4 grades sale price.1 98 ladies’ winter Calfskin Shoes, uo seam in i»ack. riveted seams.. 95c j

The Star Clothing House.

Chicago Sale of Clothing. Men's good, strong over? day Suit, lined with good serge, strongly built throughout, Chicago price 5.50 . 3 25 Men's black cheviot Suite, elegant business Suits and nice enough for Sunday, sewed with silk and well trimmed, Chicago price 0.50, our price... ..... 4 75 Men's flue eassimere Suits in pretty dark styles, straight or roumt cut, lined with Italian serg.% silk stitched, Chicago price 8.50, sale price ...6 25 Men’s fine all wool eassimere.Suits, French faced, silk piped, stitched with silk, all tailor made, honestly worth 10, sale priee..7 50 Men’s heavy grav Overcoats, full length, good ana warm, well lined, Chicago price4. sale price.. .2 98 Men's Ulster Overcoats, wide collar and storm proof, extra length, Chicago price 6, sale price.,4 50 Men’s black Melton cloth Overcoats, velvet collar, Italian serge lining, a fiue dress Coat, Chicago price 7.50. sale price...5 00 Men's fine Overcoats, genuine American beaver, -tailor made, silk piped, a regular heart smasher, Chicago price 10. sale price. .7 50 Mothers, when you start that boy to school, have him wear a Jane Hopkins Suit and save yourselves all that worry. Boys’Suits, good and warm, 4 to 10 years, Chicago price 1, sale price.,.. 59c Boys' solid school Suits, well made, sizes 4 to 12, Chicago price 1.50, sale price ....98c

Boys Vested Suits, the very latest, nicely trimmed, well made, Chicago price 2.50, sale price.. ....1 Ti Boys' Jane Hopkins Suits, reefer styles, pretty patterns iu all wool plaids, pants with double seats and knees. Chicago price 4, sale price.2 4 Chicago Sate of Boots. Men's heavy winter Boots, saddle seam, good, heavy sole, Chicago price 2, - sale price....1 89 Men’s high top silver coin toe Boots, good and strong, Chicago price 2.50, sale price.1 t*d Men’s gold coin Boots, long leg, Cue fitting, strong as irou, Chicago price, 8.50, sale price...2 0*.? 25 pairs Men's fine CV»lf Bootees, French t«>es, like picture, worth 4.«5.3 k. Full line Bovs’ and Children's Boots, all sizea.......28c up Men’s veal calf Congress Shoes, French toes, Chicago price 1.25, sale price.. 98 Men’s fine satin Calf Shoes, lace or congress, coin toe, a beauty, price . .1 31 Meu's heavy Shoes, tripple soles, made for hard wear and tear, strong as iron, Chicago price 2.50, sale price. .1 98 500 jmirs W. L, Douglas fine handsewed welt Shoes, stamped on bottom 8, sale price ... .2 48 Straight Pointers. Men’s $2 Mackintoshes, with Cape. full 50 inches long, sale price.1 22 Men's heavy Duck Coats, each. 98e Jane Hopkins double seat and knee Pants, per pair.... ..... 49c

Don’t let another week pass by without attending this great sale. A few dollars will fix you for the winter. This is a splendid chance for merchants to assort up stock. See the elegant presents we give away. Always ask tor a card. W. V. HARGROVE & CO.. -7-PROPRIETORS OF*Peoples’ Dry Goods Store and Star Clothing House, PETBIBSBUEG-, XIXTTST^ET^..

Town Trusts** Meeting. At tlie Titular meeting of the town board, NovemWr 3rd, the following business was disposed of: C. F. Boonahot tendered his resignation as a member of the board from the fifth , ward. The resignation was accepted. W. H. C. Lingo tendered his resignation as a member of the board from the fourth ward. The matter was continued. The minutes of the previous meeting were read and approved. The following claims were read and or- i dered paid: „ Fire company, services Burton fire t 88 HO ! kieetric Light Co , lighting .. . 875 tie A. A. Lory marshal's salary. 41 i*> George T. Frank, lumber. #W| W. G, Flnn«y, lumber . 40 (JO l.yman Floklin. police'.— *5 William LHOs, time checks .. .. 74 TO ] A. W. Selby, clerk .. ... *Sj V. R. Greene, attorney.. 8 J551 Lav id Irustei, rent .. 1- *' Total .. . .. ... » «)8 30 j The monthly report of the marshal was received and accepted. The street committee reported the need of repair of several streets, and the marshal ordered to do said work under the direction of the committee. The committee on street lamp repotted and deemed it advisabte to take no further action. The treasurer reported that the electric light fond had been overdrawn and he was instructed to pay out of the general fund. William Finney was selected to fill the | vacancy of trustee caused by the resigna

ticn of C. F. Boon shot. Thor* being no further business the board adjourned. The board met in special session Wednesday evening and accepted the resignation of W. H. C. Lingo as a member of the board from the fourth ward. E. J. Harris was elected president of the board. William Finney qualified as a member of the board from the fifth ward. Dr. T. R. Rice was selected to fill the vacancy caused by the resignation of W. H. C. Lingo. William Finney and Dr.Rice were placed on the street and crossings committee. There being no further business the board adjourned. Heats the Klondike. Mr. A. C. Thomas of Marysville, Texas, has found a more valuable discovery than has yet been made in the Klondike, for years he suffered untold agony from consumption accompanied by hemorrhages, and was absolutely cured by Dr. King’s New Discovery for consumption, coughs and colds, he declares that gold is of little value in comparison to this marvelous cure, would have it even if ft coat a hundred dollars a bottle. Asthma, bronchitis and aRthroat and lung affections are positively cured by Dr. King’s New Discovery for consumption. Trial bottles free at J. R. Adams & Son’s drag store. Regular size 90 cents and $1.00. Guaranteed In cure or price refunded.

Farmers* Institute. The Tike county farmers’ institute will be held at Winslow, Monday and Tuesday, November 28th and 29th. The assigned speakers are Mr. \V. W. Brown of Oxford, Ohio. Mrs. Stevens is one of the best lady instructors in the state, and every farmer’s ! wife and daughter in Pike county should j hear her. Mr. Browu edits the agricultural j page in the Cincinnati Commercial and is I one of the most practical farmers and institute workers in the country. There are uo better institute workers than Mrs. Stevens and Mr. Brown. LetJfjvery one begin now to arrange their work so as to attend all the meetings. The ladies are especially urged to attend, also the boys and girls. The following prizes will be given, best essay on any of the following subjects by any boy or girl under 18 years of age: First, 94; second, $3, and third, 2: How Can 1 Make Some Money on the Farm; The Boys’ Part on the Farm^The Girls’ Part on the Farm; Forestry, Past, Present and Future: Young America; Why 1 Like to Live on the Farm; Flowers for the Home: How to Take Care of the Calves. Best declamation by any old gentleman or boy, first, id; second, $1. Best declamation by any old lady or girl, first. 92: second, $1. All competitors to be limittxi to Pike county farmers, their wives, daughters and sons. The competitive exercises will be held at night. No one having, secured a first prize at any of the former institutes will be permitted to compete. Watch for program. M. L. Hkathmax, Chum. Mrs. Edith Herd, Sec.

ItuckleuN Arnica Sal re. The best salve in the world for cuts, bruises, sores, ulcers, salt rheum, lever sores, tetter, chapped hands, chilblains, corns, and all skin eruptions, and positively cures piles or no pay required. It is guaranteed to give perfect satisfaction or money refunded. Price 35 cents per box. For sale by J. R. Adams & Son. Longfellow to be Illustrated. Last year Charles Dana Gibson illustrated “The People of Dickens” for The Ladies' Home Journal. The pictures were so successful that this year, and during next year, W. L. Taylor, the New England army who has made such rapid strides in h^art, w:il illustrate “The People of Lotti??eUow” also for The Lodies’ Home Journal. \The poems selected are “The Psalm of LiVe,” “Hiawatha," “Evangeline,’ ‘*The Courtship of Mites Standish,” “The i Children’s Hour,” “The Village Blacksmith,” and others. Ton Can’t Afford to Chance It. A heavy cold may lead to pneumonia or consumption, Foley’s Hooey ami Tar taken in time affords perfect security from serious result*.' J. £L Adams k Son. n

£*ooV. Gvft ‘Sov 'Nfo

Get ready for another Christmas! We will save you something on every purchase from our splendid and satisfying assortment of HOLIDAY GOODS Coifne to headquarters for popular presents of all kinds 3ft popular prices. Scores of the nicest gifts imaginable for old and young. Toys, Books, Novelties, Fancy Goods and Notions. A specialty in Gold and Silver Watches and Mery! Such prices were never before known. Q-iTTi_g and. ^.narri.'u.nltloxx’ Too cheap to talk about. All must go. See me. HENRY RICKRICH Santa Claus* headquarters for the holidays. ^PETERSBURG, INDIANA^