Pike County Democrat, Volume 30, Number 23, Petersburg, Pike County, 13 October 1899 — Page 5

! &FOOHPOOH ARGUMENT. Goldbug Reasoning Is Founded on Fallacy. OOHTEADIOTOKT OOHTB1TIOHS. In On« Smith They llold That SUver Cat* No Flgarc and In the Nest That Reuftonetteatlon Wahid Flood the Caaatry With Cheap Carreaey. Money of the roar. Some of tbe opponents of a just anti sensible scheme of finance make light of the free silver issue ou the ground that it is too small for consideration. They claim that as tbe average annual production or silver lu this country amounts to but a little over $00,000,000 —less than $1 per capita—It Is too small to cut any figure in our business and financial au'airs and. ought therefore to be dropped as an issue. On the other hand, these same people cry out against the remonetisation of silver on the ground that it will debase the currency and flood the country with a depreciated metal money. ° Like all who engage to uphold a bad causo, every argument that they throwout recoils ou themselves, because all their reasoning is founded on fallacy. If the production of silver is so limited that It canuot affect the even flow of our national finances, why arc they so strenuously opposed to trying the experiment? if the remonetisation of silver will not produce a flood of cheap currency, there is certainly no danger In giving It a trial. On the other hand. If It should produce a “flood,” might * It not be benedeflil In watering our languishing enterprises and stopping the falling of prices which has been going on with such ruinous regularity

since loTlj? Again, If the silver produce la too I small to cut an; figure In national finances and therefore too Insignificant to be worth discussing, whj was it uecessary to fool the people and pass the demonetization not by fraud and deceit? Any measure possessing genuine merit ought to appeal to the 4g?ason and good sense of the people Instead of beiug forced upon them secretly and against their will. “The employment of secret and fraudulent means proves the wickedness of the measure,” says the Mississippi Valley Democrat and Journal of Agriculture. The author of the gold standard in America knew very well what he was doing. He had previously declared in a speech in the senate that silver was the money of the poor, gold the money of the rich. He was then comparatively a poor man himself, and he expressed the scutiiuent of truth ns it lay near his heart. But a subsequent personal conference with Baron Roths- ; # child served not only to cbaugc his opinion, but apparently his condition as well, for he suddenly became a ~ millionaire on a salary of $5,000 a year. Can there be anything of honest/ or goodness in a measure that associates exclusively with baseness and iniqui- , ty? Silver is the money of the poor because it circulates in small denominations. A dime Is but the tenth part of a dollar, but in passing quickly from hand to hand and paying debts as it goes it imparts more life to business and brings more good to the people than $100 dollars In gold lying inert in the vaults of a bank. It is this natural circulating quality of silver that waters the roots of business and makes * the plant of commerce grow and flourish, Let the annual product be ever so small, whatever goes into circulation, that remains there as a permanent increase and does its part day by day in supplying the wants of tbe people. While we earnestly believe that Irredeemable paper is the true and philosophical medium of exchange, yet silver possesses some advantages over It. Silver, if admitted to the mints free, is wholly within the control of the people, who can take it out of the ground and have it made into money at their own pleasure, while, on the contrary, .all paper issues are subject to the will of the controlling power in the govern- j ment, to be expanded or contracted as may best suit selfish interests. Silver is, therefore, uot only the money of the poor, but It is a safe and permanent medium of exchange, a stimulator of business and a sustalner of prices, and, • more tjjan all, it is an elemout of freedom for the masses of the people, since its production is wholly under their control. Free silver means free men, and this fact explains the permanency of the principle In the minds,,of those who are able to grasp its full meaning.

Mexico’s Splendid Credit. The national and healthy improve* rnent of Mexico’s credit under a free silver system is beginning to alarm many Hepubliean editors, and they are now attempting to create the impression that “Mexico is approaching the gold standard* There is about as much evidence from which to deduce that, opinion as there is that “the moon is made of green cheese.” The people are uot to be misled by any such false conclusions. Vast numbers dally are converted to the idea that free silver is the only tnlng which will enable us to redeem our country from the clutches of the hard flsted capitalists, Wall street gamblers and Enrlish aristocrat—the only thing that will give labor its just reward. Mexico is weJI satisfied as things are, aud it would be the last thing thought of to change to the gold standard. She will not choose to figuratively “jump from the frying pan into the fire” by turning the management of her financial affairs and the dealing out of her money Into the hands of a few grasping bankers and monopolists for their own personal benefit, as is now the condition In the United States.

The 1hf people of ought to he ftee is uot thatdo duration enforced? What is the president waiting for? The war has been one for six months, the people there are quiet and peaceable. Our soldiers have nothing to do except dodge the yellow fever. Why should there be any further delay? Why not nsvt out of there and allow the people to regulate their own domestic institutions in their own way? They may not have the best government in the world, but it will be just such a one as they want and just such ns they are fit for. It will at least,be better than the local government of New York. Chicago or Omaha, and it is not probable that they will feed their soldiers on embalmed beef or allow great criminals lihe Captain Carter to go unpunished because they have a pull. Cuba Is more tit for self government now than she will be after ten years' military occupation. No people In the world like to have forelgu soldiers billeted on them. Military martinets make lots of trouble among peaceful citizens. Fuss and feathers are all right In war time, but they are disgusting in days of peace. The Cubans are already tired of a pretentious and dictatorial soldiery, they are becoming angry at the Insults heaped on them by young ramrods dressed up In gaudy uniforms and who consider themselves to lie little tin gods on wheels, says The Nonconformist. They want the promised freedom, and they want it now. From now on every day will make things worse Instead of better. If the president's intention Is to annul the laws of congress aud force these people Into open rebellion so that military occupation may be long continued. be is going to work In the right way. If he wants to annex the island Instead of giving It an independent government, he Is pointed In the right direction. I f he wishes to favqr the people of Cuba. Instead of the speculators who are trying to gobble up all the valuable franchises, ne will immediately withdraw his soldiers and let the Cubans ruu their own machine, (let out of the way, Mr. President, and let the natives work out thele own salvation In fear and trembling, and right now Is the accepted time. Now, even now. Is the day of salvation.

MOST GIGANTIC CRIME. Wbat Cnrotate Said of Demonetisation a Few Years Ago, I shall not enter into an examination of the cau«OB which hare combined to j depreciate the relative value of silver and to appreciate the value of gold since 1873, but l fcm one of those'who believe that they are transient and temporary io their nature and that when they have passed away or have been removed by the separate or united actions of the nations tuost deeply Interested in the subject the old ratio of actual rind relative value will be reestablished on a firmer foundation than ever. 1 know that the world's stock of precious metals is none too large, ami I see no reason to apprehend that it will over become so. Mankind will be fortuuate Indeed If the annual production of gold and silver coin shall keep pace with the annual lucroase of population, commerce and Industry. According to my view of the subject, the conspiracy which seems to have been formed here and in Europe to destroy by legislation and otherwise from three-sevenths to onehalf the metallic money of the world is the most gigautlc crime of this or any other age. The consummation of such a Bcheme would ultimately entail more misery upon the human race, than ail the wars, pestilence and famine that ever occurred In the history of the world. The absolute aud instantaneous destruction of half the entire movable property of the world. Including horses, ships, mttromls and nil other appliances for carrying on commerce, while it would be felt more sensibly at the moment, would not produce anything like the prolonged distress and disorganisation of society that must inevitably result from the permanent annihilation of one-half of the metallic money of the world.—John G. Carlisle, Feb. 21. 187a

The Tariff Hook. There Is now a reported difference between raw and refined sugars of S3 <jents per 100 pounds. This affords a profit to the sugar trust of about $1.13 a barrel. As the output of the trust Is 30,000 barrels a day. the dally profit foots up $34,500. As there are uo Sundays In the business—no six days In a week for labor and a seventh for rest— and but few stoppages, the trust operating Its refineries for 350 days of the year, Its present net earnings are at the rate of $13,075,000 per annum. The sugar war seems to have petered out, and no doubt the Arbuckle, the Do8Cher and the Mollenhauer refi"erles are also reaping good profits from a sweet loving public, who prefer a tariff and 2 cents extra on each pound of sugar to no tariff and a saving of $40,000,000 a year on the total annual consumption of sugar. Bait a tariff hook with any kind of a wriggling worm and suckers and bullheads can be caught in large numbers. It all depends ou the book.-Jackson (Mich.) Patriot i We’ve Found Their Daddy. It is currently believed in these days that protection Is the mother of trusts, for Havemeyer said so. The Republican party has long taken pride In calling McKinley the father of protection, and it* that doesn’t figure Bill McKinley out as the daddy of the trusts we should like to have some disciple of fc Hanna show the error of this apconcluslon.—Paulding r;

CROP OF MONEYCRATS. Raised by Destruction of Sihrer as Money. EIHAIOED KITES OF HTEEE8T. Deprlriic Silver C«la of tk« M«ur Foaetloa Bu Forced DcbUn Do«Wr !»*• DekMI*14 Owatr* R«l« tk« Katioa ni Coatrol Omim* ■teat—States Mar Cola Kra«f. Money Is a creation of government, whatever It may be made of. Some argue that It la a creation of labor, which Is not true. Money may be j : created without labor; that for which! money exchangee, never. Money not j only represents all things which are! Invested with the attribute of value, but stands' In their stead until some given object of value la displaced for the time being by the money which stands for It as of the same value. The money which has performed the function of standing for and displacing a thing of mine, so far at Its recent ownership was concerned, may, by flat of law, stand for any other thing of similar value and continue to do so as long as the several possessors of the money and the thing of value may agree. The thing of value, thna measured, dispossessed and replaced by money, possesses no such function. Hence money has special powers eon* flerred on It by government, and thus Is of more value than any thing or things of similar value which are not Jnrested with the same power. The making of money Is, therefore, one of the highest functions of sot* e reign ty, perhaps the greatest single function possessed by the representation of a people, because the money of a country represents all the values of the country and Is made exchange* able for them. If this last proposition be true, the power to create money cannot be delegated except to a soveignty of equal potency with the delegating power. Each of said states and all that have since been admitted Into thd Galon delegated certain carefully defined powers to congress, the legislative power of the confederated states. Among the powers so defined was the power to coin money, to-regu-late the value thereof and of foreign

coin. It was well known to tbe members' of tbe constitutional convention and | of the convention which elected them as' delegates what was the money of several states, and there was no question as to it raised In the federationventlon. There was' no power/delegated to destroy any of the mon ?y or to displace any of it with fictitious or “token” money. To coin /money was the power delegated. Tile same constitutional convention enacted certain restrictions On the power of the several states, and among these restrictions was the power to coin money. As the constitution does not confer on congress the power to coin token or fictitious money, that power must be considered reserved by the. tenth amendment to it, “to the states respectively, or to the people.” Among the powers prohibited to the states there Is no prohibition as to token coins. The restriction as, to money is this: “No state shall m * • coin money, emit bills of credit or make anything but gold and silver coin a tender in payment of debts.” Nevertheless, cougress has practically destroyed one-half of the constitutional money by depriving silver coin of the money function and allowing it to become mere token money, with a bullion value only, and thus, by giving a double credit to one class of coin, gold has doubled its debt paying capacity: has depreciated the value of all commodities as measured by it and forced debtors to be doubly In debt by causing a double amount of their property and services to be required in the^ payment of debts. Congress has thus vacated a function of government which In its very nature imposed a duty, a duty to coin the money recognised by the several states which delegated the function to It, and to coin

money so as to represent nil Kinds or values and In sufficient quantity tq meet all demands for it to carry on the business of the nation, since money Is the representative of the business | transactions of the nation. An insufficiency of money for business necessitates a large proportion of the business of the country to be done on credit, or promises to pay when the promiser obtains the money to pay with. Such promises impose tribute on the debtor in the form of enhanced prices and rates of interest, and this credit, which has become necessary for want of sufficient money in circulation, has produced the crop of moneycrats, which is the actual ruling power of the nation and controls all branches of the government to an extent that has resulted In the present ill conditioned state of affairs. So that the primary measure of reform *upon which any hope of future prosperity can tie built seems to be the restoration of the money of the people as recognised by the fathers of the, republic. The power to “coin money" having been vacated by congress as to onc-balf of the money of the country must stand open for resumption to any state that desires to resume it, upon taking the necessary legislative steps to that end. Not Jnattflable. Another victory for the American arms in the Philippines may be gratifying to our national vanity, but It should not justify the McKinley proceedings out there to our consciences. The war we are waging on the islands is against our own declaration of Independence and merely for the glorlflcation"of some bumptious persons In uniform and for the profit of certain;

Removal III We have moved our Millinery stock to the'McAtee building, lower Main street. KU*TH A. STOCKS. JJICHA KDSUN' 4TAYU1R, > v Attorneys at Lam. Prompt attention given to nit business. A Notary Public constantly Intbcoffice. Office &£“r.rKSnS:idn^ E‘*blh 8UBV & COFFEY, O. B. Ashby, C. A. Co«*y, Attorneys at Law, Will practice lii nil courts. Special alienUob given to nil civil i usloes*. Notary Publie constant iy In the office. Collection* made and promptly remitted. Office over W. L. Barren’s store, Petersburg, 1 Uu Ians. S. O. DA YEN POUT. Attorney at Law. Prudnpt attention given to all business. Office over J. R. Adams A Son’s drugstore, Petersburg. Indiana. JJOLCOMB d CROW, Attorneys at Law. Will practice In all court a Prompt attention riven to all business. Office In Carpet iter b ock, Unit floor on Eighth-*!., Petersburg. R. RICE, Physician and Surgeon. Chronic Diseases a specialty. Office over Cltlsens’ state bank, Petersburg, Indiana. W H.8TOKEC1PHER. bentoI Surgeon. Office In rooms9 and 7, in Carpenter building. Petersburg, Indiana. Operations ftratelass. All work warranted. Antes the tics used for painless extraction of teeth.

THE Short Line TO INDIANAPOLIS CINCINNATI. PI JTSBURGH, WASHINGTON BALTIMORE, NEW YORK, BOSTON* AND ALL POINTS EAST.

No.81,soatli .... . ..... >,..... 6:45am No. 82, north.... .... 10:35am No.86, south. .. ,v .. .... . 1:25 pm No. 84, north ..... . . 5:45 pm Ft r sleeping oar reservation'*, maps, rate® and further information, call on your nearest ticket agent, or address, F. P. J KKKRlKS, G. P. * T. A., H. R. GRISWOLD, A.G.P.AT.A. Evansville, lad. E. U. GUNCKEU Agent, Petersburg, lnd. Illinois Central R. R. . 3KOBT XiZSTS TO MEMPHIS, NEW ORLEANS And all Points in MISSISSIPPI. LOUISIANA, ARKANSAS, TEXAS, d MEXICO and CALIFORNIA. Connection Made From • V . V . ... Evansville, Indiana, With elegant through«ervioe to above polnta Gas lighted vestibuled trains with eafe ears. Pullman sleepers and rree reclining chair ears. l Connections made every Sunday and Wed. nesday with ithe famous Sunset Limited fbr San Francisco, California, and points en route; and every Thursday with the Pullman Tourist Sleeping Car for New Orleans and Texas and California, in whleh berth rates are very low. This la the true Winter Route to California; qo billiards, cold weather or snow blockades. HOMESEEKERS’ TICKETS. Op the Oral and third Tuesdays of each month bomeseekers* tickets sold to Southern and Southwesterp points at special low rates, good to return within twenty-one days from date of sale. Liberal stop-over arrangements. A copy of thelSouthern Homeseekers'Gulde will be be mailed to you ffceeoo application to F. R. WHEELER, C. P. & T. A., 200 Main-st., Evansville, lnd. A. H. Hanson, W. A. Kkllond, Gen. Pass. Act. Asst. Gen. Pass. Agt.

helps the team. Save* wear and expense. Sold everywhere, h ' IUM BY , _ mm STANDARD OIL CO.

•We arc going to give away aFile - Gold: Wa Warranted for twenty years to the person who .holds the lucky number on iSSjft Monday, January i, 1900 For every 5 cent purchase at our store you get a ticket. Call and see us. We carry a full line of And Druggists’ Sundries, Patent Medicines, Paints, Oils, Stationery, Perfumery, Toilet Articles, in fact everything that is to be found in a first clag^dftig store. Everybody expects a little more_J<gr| their money these times and they are not disapf|hnted when they come where prices are not calculated to take your breath. Below you will find some erf our prices; you can’t beat them anywhere. . Here’s a good bit of good for a listle money. xg§‘ y§M

Beat White Lead, per cwt. 15.30. Dr. J. H. McLean’s Liver and Kidney Balm, $1 size, 75c. Dr. J. H, McLean’s Strengthening Cordial, $1 size, 70c. *' Lydia E. Pinkham’s_Vegetable Compound, $1 size, 75c. Pierce’s Favorite Prescription, $1 size, 75c. Our Pocketbooks are the finest in town; you can buy one at your own price, Kilmer’s Swamp Root, $1 size, for 75c. Emulsion Cod Liver Oil, $1 size, only 40c. Genuine Honduras Sarsaparilla, II size, 65c. Compound Extract Sarsaparilla, $1 size, 49c. Liver and Kidney Cure, II size, for 49c. Paine’s Female Regulator. II size for 49c. Welch’s Cough Syrup, 35c size, only 10c. Dr. Warner’s White Wine of Tar, 25c size 18c. Toothbrushes, 5c to 50c. *

= German Liver 'Powder;size, only 19c. Toilet Soap, 2 bars for ife. Perfumery, 25c to $1 per 02. Hood's Sarsaparilla, -19c. Chamberlain's Cure for Coughs and Colds, 25c size, 20c. Dr. Miles' Remedies, $1 size, for Hall's Catarrh Cure, 55c. Syrup of Figs, 39c. ^ ^ ||§ Yucatan Chill Tonic, 25c. Hess Stfoek Food, 00c size, 40c. Gilkey Stock Food, 59d size, 40< Syringes, 20c up. Foley’s Honey and Tar, 20c. C. C. C. 25c size. 15c... Dr. Bell’s Pine Tar Honey, $ size, 19c. Dr. W. B. Caldwell’s Syrup < Pepsin, 50c size, 38c. School Tablets, 1c fo lOc. Pencils, lc to oc. ‘'V% Box Paper, 10c to 50c a box. Envelopes, 5c and 10c a bunc

All other articles at cut prices. Remember, 1 get a chance for the Gold Watch with every 5 ce purchase, and you might hold the lucky number, few words, but they mean wonders. Come m us, * Strictly cash. \, Pianos, $175 and up. . Organs, $42 and up. Guitars and Mandolins, $2.75 and up.