Pike County Democrat, Volume 30, Number 24, Petersburg, Pike County, 20 October 1899 — Page 5

A NEW INDEPENDENCE. Democrats Promulgated a Second Declaration. EMBODIED IH PLATTOBM OF 1896. Jobi P. Altscia Explain* Why the Old Rati* «t ll to 1 M»«t B* R*talaed — Gald Etoaeat Want* a Meaainvle** Platforaa—P»edl*tl*a* •( Blutrtalllat* Hava Be®* Pal*U*4. In 1800 the true Democrats of America decided that we did not need two political parties to represent the. corrupt commercial Interests, and they again made the Democratic party stand for the Interests of the great masses of the people. They declared for definite principles; they promulgated a second declaration of American Independence. But there was an element in the party which did not approve of thia-ao elemeut In the party which looks to the corrupt concentra

UOU or capital tor luvor*, uu ercua-m which, while pretendlug to be Democratic, wants to play the aristocrat, in all essential particulars this element represents the same things that the Republican party represents, but it formerly remained In the Democratic party, because there It could achieve a prominence and a jiersonal preferment which It could not In the Republican party. . . j This element of our party remained hostile and is again seeking pow^r. It commands vast wealth and is seeking by secret means, corrupt and otherwise, to secure control of our councils. It is proclaiming that we must change our posltiou; that we must abandon the principles we stood for In 1800 or else be defeated. They tell us that we should adopt a platform broad enough for all to stand on—that Is. a meaningless platform. They tell ns that we should raise some new cry, and that then we might sweep the country. Ami we find that those men throughout the land who have only an appetite for office are Indlued to listen to this talk. Let us look at the question a moment and see what Is Involved. We are toM that wo muse be silent on the ratio and simply declare for bimetallism. Now, If It were a new and an original question It may be that theoretically a different ratio would be just as good as the oue we declared for. The book men have told us that one reason why Europe generally adopted the ratio 13H to 1 was that that was about the ratio at which the precious metals were produced lu the world. Whether that be correct or not, it Is true that the financial systems of Europe rested on that ratio, and that lu our country for the last U0 years the ratio was to 1, and onr financial system was baaed upon that, and inasmuch as silver was wrongfully and stealthily demonetized by the arbitrary act of government, and, inasmuch as a great wrong was done, we are asking to have that wrong righted, are asking simply for a restoration of what the world formerly had, asking for a restoration of conditions under which the world had done business and prospered for 200 years. This fact alone would be a good reason for adhering to that ratio. But therS Is another reason which rises above all others, and that is this: The moment you abandon that ratio you are at sea. No two men will agreo upon what the uew ratio should be. For 20 years prior to 1800 the country saw that the eastern financial manipulators were able to control congress and to dictate the policy of the government, and that just so long as the matter was left to congress and the government the people were belpl&ts; TUls fact led the people to the determination to take the matter Into thetr own hands and not leave it open, and they feel as strongly ou that subject now* as they did then. The fact is If left open you would get no legislation at the hands of onr government In a thousand years, for Wall street will again be In absolute control. This being so, it is apparent that the moment we abandon the ratio that moment we abandon the cause.

Tli© question which, therefore, presents Itself is, Are we prepared to abandon the cause? Everything that was predicted by the bimetallists as the legitimate result of the demonetisation of silver has come to pass—first, universal paralysis of the worlds business and its industries; second, the startlng,anew on a lower basis for the -great producing masses. The exile that result from the gold standard have not been exaggerated or overstated, lime has sustained the bimetallist and that man makes a fatal mistake who thinks that the American people are ready to abandon this cause, and inasmuch as the abandonment of the ratio practically amounts to the abandonment of the cause that politician makes a fatal mistake who thinks that the ratio can be abandoned without disintegrating and destroying the Democratic party. For every score of wealth worshiping gold Democrats who would be brought to our standards by such an abandonment of principle 10,000 men of deep convictions would leave us.—John P. Altgeld. -!- A Sop to the Formers. Secretary of the Treasury Gage’s decision to Issue $10,000,000 of gold certificates for the purpose of “helping to - move tbe crops” is quite as absurd as some other things that be has done and most make even his cronies a mong the bankers smile on account of its resemblance to an effort to lift a track with a lead pencil. To keep the administration In good odor with the farmers he has thrown them this $10,000,000 gold certificate sop. and be lias it tbe by it at the same time taken car money lenders shall not be

II SEEK TO PALLIATE IT. Cttcf Arnainti of tike Oefcater* •( the Slade ttaitart. Defenders of the gold standard are tront to seek to palliate the significance of the fall of average pricea ulnce 1873 by nuiuerous contentions, of whlub the following are chief: First—That the fail has been doe to cheapened and increased production of { commodities. To this there are several j replies. It may well be asked, for exam* pie, whether it is not true that the cost of mining, separating and refining gold has been reduced since 1873 In a mnch greater percentage than that of the av* erage manufacturing and mechanical processes: and whether, therefore, on this plea, the ratio of gold to commodities ought not at least to have kept constant or more nearly so. Again, the worst effects of the monetary disturbances of the last 20 years have been felt by the wealth producers of this country aud other gold standard nations. Such a result is hardly compatible with such a supposed cause, whose untural operation would be to benefit the producer. Moreover, It has been conclusively shown.'and Indeed

| ii ib iiui u*w|*uifu, uim iruiu ioov iu 1873 production Increased relatively mucl» faster than from 1873 to 1887; yot during the former period average prices rose very considerably, whereas In the latter they have disastrously fallen. Why was this? The answer : Is to be found In the great Increase of metallic money duetto the development ' of the Californian aud Australian goldfields during the first epoch and Jn the heavy decrease of metallic money (money of full power) due to the progressive deprivation of money functions to silver during the second. In ' this connection let me cite the language of Sir Robert GlfTen, the gold standard's lending defeuder. In his Recent Changes of Prices and Incomes be says: • , “To put the matter Into more popular language, we, might perhaps say that the stationary, or rather rising. prices of commodities between 1850 and 1873 were maintained by continual additions to the efficiency of money. Since 1873 the movement of additions to the stoek. which was a very pronounced one. has been arrested, If there has not been an actual withdrawal from Oor diminution of stock uncompensated by an Increase In the efficiency of money. Consequently the fall of prices Is explained by the check to the previous movement About 1873 there was an alteration, but. according to the best observations, the movement In commodities continued,but not at a greater rate. The inference seems conclusive, therefore, that after 1S73 the alteration in the i economic movement was in money, and to this must be ascribed the change of prices which has occurred.” THE PRICE OF SILVER. Sberman Poirchnslnir Act Raised It la the World's Market. There are In existence $231,441,0S6 of natioual bank notes. The only excuse for tbeir existence is the fact that they are absolutely needed as a circulating medium. Every dollar of that, credit money could be retired aud silver or silver certificates substituted ill place. Thus there can be created by this government a demand for the enormous sum of $1,275,000,000 of silver, all at once If desired, without Increasing the circulating medium one dollar. It seems to me, iu view of that great demand, there can be no reasonable doubt of the ability of this government to establish the parity of the metals. We have had an experience which should teach every one the power of this nation. In 1800 congress passed the Sherman j'vt, which provided for the purchase: of only 4,300.000 ounces of silver per month. Under a demand for simply that amount of silver that metal rose In price higher and higher until It, reached $1.21% per ouuce, within eight points of par, not only fit the mint in Philadelphia and on the exchange at New York, but in London, In Calcutta and In every other market In the world. If such a small demand raised the price of silver to such a height under a limited coinage act. It seems clear that the Instantaneous demand for $1,275,000,000, or 200 times as much, would certainly establish the parity of the metals. If we should increase our circulating medium to correspond with that of France, we wonld make a demand for $750000.000 more of silver, or a total demand for $2,023,000,000 of silver. That amount Is more than three times as much as there is silver In the world that coaid possibly come to onr mints.

Gospel of Despair. We who advocate bimetallism plant ourselves upon the history of the human race. Those who advocate the gold standard advocate an experiment that has nothing to commend it except the misery that has followed wherever It has been tried. And yet, my friends, they call ns demagogues who advocate the restoration" of the money of our constitution, and they call those men statesmen and finan clers who advocate the continuance of this financial policy which has never been commended by the producer of wealth. Those who preach the gold standard preach the gospel of despair; they hold out no hope to the human race; they set no time for alleviating the distress that is now enveloping the gold using countries of the world. Ask us to maintain the gold standard; ask us to join in the demand for the universal use of gold, ami you ask ns to go into a’night illuminated by no star, to embark upon an ocean whose farther shore no mariner may find, to travel In a desert where the ever retreating uTrage only makes disappointment a thousand fold more keen. *W J. Bryan.

GROWERS OF STAPLES. Information For Wheat and Cotton Farmers. THE OLEABIHG UP OF A XT8THIT. H»w KaclaU FIsm tka Mm «| Tk*»e Commcdltlea Wklla She la tt* Madjal Coataaer — lllhat Sara as Mach la India aa ISrer. Caslnnd Get* It at Ball Price. Much baa been written to show why the demonetisation of silver In 1873 by the United 8tates, Germany and aeveral other European nations, under the Influence of English bankers and financiers, has resulted in a ruinous decline In the price of wheat and cotton. Nevertheless, a brief, succinct statement of the matter for popular reading will not be out of place and will perhaps be productive ef great benefit to the growers of these leading staples.

England sets the price of tb**e commodities and la, at the same time, the principal purchaser and consumer of the world’s surplus. How England contrives thus to set the price of these articles, which she must purchase in the markets of the world, Is the mystery which has not been made sufficiently clear to those who are the most Immediate sufferers—vis, the American wheat growers and cotton planters. ' Let it be premised that India, which Is a vast English colony, Is also true that India practically knows no other money than silver and that the home price of India wheat and cotton has suffered no serious change through the demonetisation of silver by other nations and peoples. Two and a half silver rupees purchases a bushel of wheat In India now Just as it always did, and the price of cotton in India rules in silver just as formerly. By what legerdemain, then, do Loudon and Liverpool mark down the price of the American products one-half of the ruling prices in India? We will endeavor to answer this question ^so distinctly as to clear away all difficulty and mystery. Let it be constantly remembered by the reader that England now pays us much silver—coined Into rupees by the India mint—for a given amount of wheat or cotton as she ever did. Let It also be remembered that Incite^ absorbs all the silver that ever reaches her and that England is a constant purchaser of silver for her India market and monetary system. We will remark here parenthetically that In 1894 England exported to India $28,000,000, to the Straits Settlements $0,000,000 and to China $12,000,000—a. total of $10,000,000—all, in silver. This Is with/ In $1,000,000 of the world’s annual production of silver, barring that of the United States, Mexico and Australia. In the months of July and August, when it# silver exports usually predominate, Great Britain Imported, by official returns, $4,917,000 more silver than it sent out. In the same two months the exports of silver from the United States to London were $4,000,000 more of silver bullion than in the corresponding months of 1894, the New York weekly shipments of silver bullion to London during last September reaching a still larger average, twice making a weekly total of nearly $1,000,000. Onr silver exportation, under such conditions, is the largest since, the civil war. GOLD IN THE PLATFORM. RepmbUeM Party Dares Rot Show Its True Colors. Democrats have good reason to regret the fright in the ranks of the single gold standard Republicans because of the warnings uttered by such Republicans as Senators Thurston of Nebraska and Chandler of New Hampshire. Ever since the eastern Republicans began the movement to try to put through single gold standard legislation at the coming session of congress Democrats have been heartily wishing that they would succeed In doing so, because of the marked advantage it would be to the Democratic candidate for president. Senator Chandler was the first to tell his part.\ associates that they were playing with political dynamite. Then came Senates' Thurston, who has presided over .two Republican national conventions and who is much more influential, If not so talkative, than Chandler. Thurston makes It very plain that Mr. McKinley never would have been elected tf that international bimetallism bluff had not been put In the Republican platform and worked for all it was worth by the McKinley stumpers in the west and the middle west He also intimated that he didn’t care a continental about silver himself, but would take no part In helping his party to Invite defeat Next to putting it into a law Democrats would like to see the Republicans put the single gold standard into their national platform.—Hot Springs (Ark.) News.

The Troth Will dot. To keep the public ■ Ignorant of the reel state of affairs in the Philippines is Impossible. No one with a grain of common sense would suppose for a moment that the country would be satisfied to take its news solely from the president or the secretary of war or the general in command of our eastern forces. The reputable press of the country is ihe direct medium of information between the people and their officials, civil or military, and any attempt to Bhut the months of the correspondents of reliable newspapers will always be resented promptly and mm

F ' v::;-*« ■ *',^111' THE TOILERS’ FRIENOS. The P*«»le Should Leave the Meier 4iMltea «• haakera (f>. The chief reason why Eugiaud coothroes to be dictator to the world In financial matters la not. merely that she ceased In 181$ to try to make two yardsticks of different lengths measure one yard; not merely that for 800 years she has left the banking hostneea to bankers and declined to treat It to her politicians, but that whenever the money question has been liefore her people or her parliament It has never been viewed ns a party question nor dragged down Into the Minding animosities of party prejudice nor subordinated to class Interest—'Chicago Times-Herakt Hello, what Is this! Carlisle told ns in 1895, In bis speech to the bankers, that the position of London as the world’s clearing house was owing to the use of the “pound sterling,” and we supposed The Tlmes-IIerald agreed with him. But the Information now comes that It was not so much the gold standard as the fact that the finances of the country were run Independent of party politics. Well, the same thing was true of the United

mates up to Isis. But in mat year an unseen band changed the monetary system of the country. Without a word of public discussion and by a bill which ostensibly related merely to the details of mint operations the standard of value was changed. Since then the people, disorganised, divided and diverted by other Issues, have labored vainly To bring about a restoration of the former system. So far, as the people are concerned we have had just the condition that The Times-Herald indorses. But. on the other hand, the money power ima been constantly organised, always a unit, acting together regardless of differences on other points, controlling con* vehtlona and dictating the nomination of men who can be depended upon to do the bidding of capital So The Timeo-Herakl thinks the financial affairs of the government should be left to the bankers. What a splendid thing that would be for the toller and producer. A mother ben would be just as wise In trusting her brood to the tender care of a hawk as the American people would be In leaving their financial affairs la the hands of the tankers. “WHAT WOULD JESUS DO?” The People Are BegiMlis to Apply Tfcla lalenrttsttiM. The above question Is going to ent a very important part in the second battle. He who doubts it Is far behind in his prognostications!. Some six millions of copies of a book of that title have, within the past two years# been read by the American people. This Is, we believe, the largest circulation ever attained by any book In so short a time. Indeed, we know of no book in history, except the Bible itself, that has been so widely printed. Rev. Charles M. Sheldon, pastor of an Iowa church, is the author. He has told a beautiful story and at the same time has presented the cetse of the tollers In a manner that mast certainly appeal to nearly everybody that reads it But above all be bas forced the question home to all professing Christians, “What would Jesus do?” There Is no getting around the fact that people are already beginning to apply this Interrogation. What will the effect be if it spreads, as it sorely must? Of course they will ask themselves the question when they come to vote. What political party would be benefited, or would any party now in existence? Let the politicians put their ears to the ground and listen for an answer. The Democratic party Jn 1806 took a stand for righteousnla never before attempted by a great po* litical organisation. It kicked the false prophets out of its councils and declared for complete justice between man and man. But, like in the story of “What Would Jesus Dor* the battle of tbe ballots was too near at hand. The pnbllc consci ence could not be aroused In time for successful battle. Since 1896 the cause of righteousness as represented by the Democratic party has made gigantic progress. Every force that works for what Is right is gathering under the banners of Democracy. If events continue to progress in this dlrec rion, the verdict next year may be almost unanimous. The Democratic party need not fear the Interrogation, “What would Jesus do?" It welcomes It, Tbe Brj-aa Battoa. The badge committee, which bas been organized for the purpose of aiding the treasury, reports that their 16 to 1 Bryan button, pin and charm finds universal favor among Democrats and cites as an instance that it Is being worn by nearly all the national committeemen and prominent Democrats of the country. They expect to sell 3,000,000 to 4,000,000 of them within the next 12 mouths, which will be a big thing for tbe ways and means committee. The badge is patented and marked “Official,” and every Democrat Is exhorted to provide himself with one, thereby contributing to the campaign fund. Price, 2o cents. Special rates to publishers Democratic chairmen and county committeemen. Can be procured only through the badge committee. Unity building, Chicago.

Party of the People. This is as good a time as any for the working masses to remember that their best interests are looked after by that political party which has always championed popular rights. They can best attain their objects within tbe Democratic fold. Nothing is to be gained by them by joining tbe ranks of those who are usually only sent out by the Republican managers to divert attention from some contemplated attack on the liberties of the people.—New York News.

Fin - Sold - Wati Warrantcd for twenty years to the person who he the lucky number on Monday, January i, 191 ■We are going to give awi||lp For every 5 cent purchase at our st^e you get ticket. Call and see us. We carry a full line of DRUGS And Druggists’ Sundries, Patent Medicines, Paints, Oils, Stationery,4 Perfumery, Toilet Articles, in fact everything that is to be found in a first el ass drug store. Everybody expects a little more for their money these times and they are n<J& disappoint when they come where prices are not calculated take your breath. Below you will find some of prices; you can’t beat them anywfiS*. Here’s good bit of good for a listle money. if|§

Beat White Lead, per cwt. $8150. Dr. J. H. McLean's Liter and Kidney Balm, $1 siae, 75c. Dr. J. H. McLean’s Strengthening Cordial, $1 siae, 70c. Lydia E. Pinkham’sJVegetablc Compound, $1 siae, 75c. Pierce’s Favorite Prescription, $1 siae, 75c. Our Pocketbooks are the finest in town; you can buy one at your own price. Kilmer’s Swamp Root, tl siae, for 75c. Emulsion Cod Liver Oil, $1 siae, only 49c. Genuine Honduras Sarsaparilla, $1 size, 65c. Compound Extract Sarsaparilla, $1 size, 49c. " Liver and Kidney Cure, 91 siae, for 49c. Paine’s Female Regulator, $1 siae for 49c. Welch’s Cough Syrup, 25c size, onlylOc. Dr. Warner’s White Wine of Tar, 25c size 18c. Toothbrushes, 5c to 50c. :

jitgtg.—;sps German Liver Powder, 25c si only 19c, Toilet Soap, 2 bars for s5c. Perfumery, 25c to #1 per os. Hood’s Sarsaparilla, 49c. Chamberlain's Cure for Couj and Colds, 25c size, 20c. Dr. Miles' Kemedies, $1 size, Hall s Catafth Cure, 55c. Syrup of FigS, 39c. Yucatan Cahill Tonic, 25c. Hess Stock Food, 50c size, 40c. Gilkey Stock Food,,50c size, 40 Syringes, 25c jjp. Foley’s Honey and Tar, 20c. C. <?. C. 25c size, 15c. Dr. Kell's Pine Tar Honey, 2s size,<19c. y. Dr. *.W. a Caldwell’s Syrup jj

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