Pike County Democrat, Volume 30, Number 32, Petersburg, Pike County, 15 December 1899 — Page 6

MOVEMENT OF GOLD ;s Where Commercial Demand Is Strongest. rLE FOB IT TBEMEHDOU3 Demand Force* Debtor Nations Par More For It Than the CreUtr State*} lienee Prteea of NVbat ley Hare to Sell Fall. With a FI. il Result of Bankruptcy, line of the sold standard papers a months ago exulted over the fact were being made upon the sagely inform us aen there Is no danger of the ley standard being tampered with people don’t care for the gold. They >t apparently that the heaviest is upon the treasury took place lu very midst of Sir. Cleveland’s ad> dstratlon. Jong before the Chicago [tform declared for free silver, when [re was uo indication that it would [so and when, lu fact. It looked as if free silver (giuse had received Its tthblow. They also forget that the is In a great measure ceased In the imer and fall of 1S9G. when “Bryan- * was sweeping like wild Are over country aud seemed to stand at 1st an even chance of wlnulng. rhat do these facts prove? Simply ►that the great financiers can el»r loot the treasury or stop looting [almost at will. Another boutl issue the fall of 180G would have landed Bryan in the presidential chair, [d the Morgan-Bothsclilld syndicate to it that there was none. Nor

>uld it*have done to have had nnothimmediately after the election, for it Mild have belled every campaign omise that the gold men had made, lortly thereafter the heavy exports of ain and breadstuffs began, turnlug e balance of trade this way and ecklng the outflow of gold. Hence ere was no occasion for ruus upon e treasury. , Nobody wants gold for internal use. *per is almost universally preferred. is the foreign demand that rakes e treasury. That foreign demand, ust be met whether we have the gold andard or any other. What that forgo demand may be will always de»nd upon commercial conditions, sublet to the ability of the great mouey ower of the two continents to inter»re with the free flow of gold by tanipulatlou of the exchange. But lis is a thing which will not and canot be continued indefinitely. The contolling factor is primarily the course f trade. But loans and other investlents creating a condition of indebtedess separate and apart from that rhieh arises from the mere buying id selling of goods will also have an portant bearing. 1 our exports of merchandise »ount to $100,000,000 more than our ports, then, with all other conditions ual, $100,000,000 in specie would me to us in settlement of the balce. But if we had an Interest charge $100,000,000 to pay. or if we paid a e sum in freights, or if American

velers used the same amount in neeting the expenses of their journey* ngs, in any of these eases the balnee due us would be absorbed, and we rould get no specie from other counries unless it were sent here simply or investment. lienee we see that dealing with the movements of spe!te we cannot eouflue our observations oj trade balances alone. If we had no clreigu payments to mhke except for airjreut purchases of goods, we would lave' no trouble about our reserves of Ither gold or silver, for the balances ire almost universally our way. But we have heavy charges to meet entirely separate and apart from any matter connected with the mere exchange of goods. Our foreign debt has been variously estimated at from $5,000,000,000 to $8,000,000,000. Very little of this vast sum has been actually sent here for Investment. The great bulk of it is the result of reinvestment of profits, which profits themselves came froiii 11)0 lit* bors of the American people. But the interest upon it lias to be,paid just the same. So do the freight charges and the expenses of American travelers. The aggregate amount of these can only be estimated, but it* Is certainly not less thau $350,000,000. and it is probably considerably iu excess of that sum. During 1808 our sales of goods exceeded our purchases by something like $337,1)00,000. and yet the exports and Imports of gold very uearly balance each other. This startling circumstance can be accounted for in no other way than by reference to the demands which Europe holds against us in the shape of Interest, freights and travelers’ expenses. But commercial conditions during 1808 have been altogether abnormal. Our shipments of kwlKjf and other food products have Jbxtracrdinary. With smaller exB; M and lower prices, as the London B Mucin I News says, a drain of gold HyPThegiu again. Buns upon the treas\ii11K bo sure to follow unless the inks furnish the gold for export, r-|Pdch they probably will not do^. They •will prefer to draw it from the treasury, Induce the administration to issue more bonds aud theu ascribe it to the “silver agitatlou.” As already stated, the great financiers can to a considerable extent control the movement of gold. They can guard the treasury against “runs” by v furnishing from their own vaults the gold needed for export, os they did prior to 18D3. They can for a time check the International movements of gold by manipulating tbe exchange or by not insisting upou the immediate payment of their dues. But In the long run gold Is hotiud to go where tin* commercial demandifor it is the strangest, A tremendous struggle for it is going

on all the time and, as the cold standard Is extended. Is growing more and more Intense. In such a straggle the debtor states are at a dreadful disadvantage. They can only get gold by paying more for it than the creditor nations will—that Is, they must pnt down the prices of the things which they sell. The lower the prices fall the more goods It takes to pay a given amount of debt, aud the more goods are sold the, lower the prices wUS go until a point Is reached at whtyh the debts cannot be paid at all, and then comes national bankruptcy. Of course with our Immense resources such a condition may not be Immediately at hand, but under the gold standard the tendencies are all. that way. . • U. F. Babti.ne. A SIGNIFICANT REBUKE. Prominent Gold Standard Man Shows to lie Inconsistent. Henry Clews In a recent circular says that nothing will help good investment aud active speculative stocks more than for large amouuts of gold to pour Into London or New York from outside sectlous of the world. He predicts that when peace is restored In the Transvaal the world's output of the precious metal will be $300,000,000 a year and says that this is the strongest, safest aud most legitimate basis for the In nation of values that is pos

slble. The Springfield Republican. which has the merit of consistency In this matter anti which seems to be sincere In desiring to see the money supply kept at the level of low prices, makes the following comments on t^ foregoing: “The writer of the above circular was an especially savage djitlc of the Democratic scheme of. silver remonetization, luiiatiou autl repudiation in 1800. and he is just as savage about l't now as ever, llut he welcomes inflation and repudiation through a greatly increased and cheapened gold circulation as something most desirable and legitimate. It must, of course, be a matter of supreme indifference to the holder of the dollar, whether he be wage earner, fixed salary man or money lender, or one who lives on Income from Investments, whether the dollar Is cheapened to a particular extent through a rise in prices from large additions of gold or large additions of silver to the monetary circulation. The essential fact in either case is that his income, dollar by dollar, has been reduced In purchasing power, his real wages have been cut down, the debt owing to him has been “repudiated’* to a like extent. “Prices in the United States have within two or three years advanced $ome 33 per cent, which means that the gold dollar has been cheapened proportionately, aud debts have been repudiated to the same extent. But even this is not enough for Henry Clews, of honest mouey fame In Wall street. He wauts more repudiation. He wants a further inpour of new gold, which would further Inflate prices and cut dowu real wages, salaries, and fixed Incomes and which wofuld further scale down debts. Bryan demands no more tbau this, aud his way of bringing it about differs in no essential particular from this Wall street way.” The position of The Republican is that of all the intelligent aud sincere advocates of the gold standard. If they are opposed to the remonetization of silver because it would increase tbe money supply and thus depreciate the purchasing power 'f the dollar, they must, to be consistent", be opposed to every contingency and development which would produce that effect.

W hatever raises prices causes tne depreciation of the purchasing power of the dollar. As The Republican sadly says, prices have risen 33 per cent in the past two years. The result Is business activity, industrial progress, a measure of prosperity aud also the depreciation of the dollar. As compared with ISOo, we have a 07 cent dollar. Well. the whole contention was that higher prices — the reduction of the purchasing power of the dollar—would result In business activity and prosperity, iucludlug higher wages. These phenomena have been occulting before our very eyes. -, But The Republican has had enough of these proofs of Democratic arguments, and it now turns upon Clews and rebukes him for wanting more repudiation In the shape of a large money supply, higher prices aud commercial activity.—Atlanta Constitution. Mr. McKinley tells the workingmen that his heart is cheered at the sight of them “as they come out of the mills and wave their shiuing buckets, now full when once they were empty.’* It is enough to cheer any patriot’s heart to see men coming out of the mills with full buckets aud going in with them empty. It is a Uttle mixed, but strictly in Hue with the usual McKinley platitudes. It is £ pleasure, however, to kuow that the presidential candidate for a second term will permit anything but the flag to get a chance to wave. We don’t know exactly what Mr. McKinley had to do with filling the empty buckets. Perhaps he means they are loaded with the tariff on tin. f Lord Wolseley urges radical reforms in the English army. We should thiuk he would. The English army reminds us of our own while It was rendezvoused in southern camps. The officers aud the men are all right, but they art' directed by as incompetent a set of bureaucrats as ever came Into power. It Is a question whether the cable aud the telegraph are distinct advantages in war, according, as they do. theoretical fighters an opportunity to boss a job i 8,000 or 4.000 miles away.—New York | Newa flow Cbeerfnl!

THE CLASS INDUSTRY, Till* Good Trust Bos Doable* tbs Prlee of Its Product. The gluss trust will earn this yew 1(X> 1st eeut on Its capitalisation. The value of the trust plants whs. accord* Ins to their own statement. $0,000,000. but that amount was Inflated to $17,* 000.OUO by the addition of water. Thla trust controls 83 per cent of all the glass'factories In the country, and It has cloaml lu oue year $17,000,000 on an Investment or $0,000,000. Uow did It make this Immense amount of money In so short a time? Here Is how the Chicago Chronicle accounts for It: “The rules of the trust also. In flagraut violation of law. control and restrict the traffic In glass. Dealers In glass aiv compelled to send their orders direct to the trust, and the trust sends to dealers the produce of such a factory as the managers select. By this plan good glass aud bad glass are marked off in the same lots. The purchaser has uo choice. The same price Is charged for all qualities. Prices were advanced by Jump after Jump out 11 In IStKi it Is double What It was two years ago, when the trust was reorganised By Increasing the price of glass lot* per eeut the trust Is able to declare lot* per cent dividends n year on Its enormous overcapitalisation:’* Is this cue of the good trusts that the Republican orators and newspapers claim should be carefully fostered? Yon know that they classify them as good trusts and bad ones. The goed are those protected by the tariff. The bad are those that the attorney ^general says the law won’t reach. Therefore they will all live and flourish so long as the grand old party remains lu power,—Nonconformist.

REBUKE TO M’KINLEY, Result In OlnatTs District Mast Be Ho IlcgMrded. Well Informed men kuow that the Right li congressional district of Missouri has not in many years been a safely Democratic district. It was cut out for a Republican district and was represented by a Republican until Mr. Bland was first elected. That election was a surprise to Democrats generally aud to Mr. Bland himself. To Mr. Bland belongs the honor of having swhyed the silver agitation, and his ataond campaign was fougiit ou the issue whether or not silver had been demount iacd. his Republican opponent maintaining It had not been. Bland met him in joint debate in all the prlncij»al cities of the district and completely routed him. That election was a greater victory for Mr. Bland, and from that time until ISD-l Mr. Blaud was each two years re-elected, although ou state and national tickets the district was sometimes Republican and sometimes Democratic. in 1894 he was defeated by a small majority, caused by the stay |tt home vote of his friends, many of whom actually wept because they had Im>cu overconfident. Again in 1896 and 1898 lie was elected because he was Bland and not because the district was entitled to be called a Democratic district. True, the Republicans have elected but.oue congressman from the Righth district In 2.~> years, hut the personality of Mr. Bland rather than a real majority of Democratic voters accounts for his repeated re-elections. And the election of Judge Shackelford by an increased majority must be taken ns a rebuke to 4 lie national administration.

The Parties Llnlns lip, More tht\u ever !s U becoiniug apparent that Americans are drawing a significant line of distinction to prevail in the presidential campaign of 1900. On one side of this line are arrayed the people and the Democratic party. On the other side stand the trusts, beaded hv the British gold standard bankers* clique, the imperialists and the Republican party. The result of the eampnlgu of next year must mean either the success of the people or the continued domluatiou of the money power, aud the American people are fully awake to this truth. No amount of Republican argument will convince the people that the Republican 'party Stands In any fltgrw for tlif American masses when every genuine expression and every decisive act of Republicanism is for ^ie benefit of the privileged class. whlclPI^ now benefiting by private monopoly^ by combinations of syndicate capital fostered and protected by Republicanism. Mark Hanna fitly typifies the Republican party as it now figures in i>opular estimation, the worshiper and the instrument of plutocrats In the oppression of the common people.—St. Louis Republic. Imperialist Argument. Every imperialist starts off wltb an argument lu favor of carrying the blessing of civilisation to the Filipinos and wtnds up with au argument to the effect that there Is money in It. Every Imperialist starts off with the plea that we owe a duty to the heathen and winds up with the plea that we need the Philippines In our business. Every imperialist starts off with the declaration that It Is our bounden duty to teach Christianity to the heathen and winds up with the declaration that the heathen has no rights which Christian nations are bound to respect. The whole imperialistic policy 1$ founded on greed and disguised with a thin veneer of “Christian duty*’ to catch suckers.—Omaha World-Herald. McKinley and the Boers. “The foreigner pays the tax." used to l»e a favorite slogan of McKinley, and yet he does uot manifest much sympathy with the Boers, who are supposed to have worked his theory to the limit Hanna la Daaht. Hanna doesn't know whether to feel slighted or vindicated since the president has laid It all ou Providence.

Sorer Coal Co. Having leased the Borer Coal Coal Mine, and being the nearest mine to town, we sure prepared to furnish coal at alt^Jmes. All orders promptly filled. TELEPHONE NO. 16 t. Borer Coal Company. «4FRED SMITH**' Dealer in all kimle of FURNITURE!

Funeral Supplies a Specialty We keep on hand at all times the finest line of Parlor and Household Furniture to be found In the city. Bedroom and Parlor Butte a Specialty. ? In funeral supplies we keep Caskets Shrouds, etc., of the best make.

L ISjilTE

Til K ►Short Line TO I N1>1 AN APOLIS CINCINNATI, PI JTSUUliGli, WASlUNtiTbN BALTIMORE, NEW YORK, i BOSTON, AX1> At,!* 1*01 NTS EAST. I

No. si. south.. ti:4oam No. 32, north _ ... ..10:35 am No.SS.south ...... . , 1:25 pm No. 34, north . .. . o:43 pm Fir sleeping oar\reservatlons, maps, rales and further information, call on your nearest ticket agent, or address, K. P. JEFFRIES, G.P. AT. 4., H. U. GRISWOLD, A.G.P.A T.A. Kv ansvtPe. Ind. E B. UVNOKEL, Agent, Petersburg, lnd. Illinois Central R. R. Tits S2XOI5X X*ESTS TO MEMPHIS, NEW ORLEANS Ami all Points in MISSISSIPPI. LOUISIANA, ARKANSAS, TEXAS, MEXICO ami CALIFORNIA.

ARH1VB EVANSVILLE. Evansville^ Express.. .10:10am Fas! Mail.. ......... ... 5:15pm LEAVE EVANSVILLE, Fast Mall,dally ... 8:30am New Orleans Express.. .. 4:00 pm Connecting at PRINCETON. KY. With elegant Gas lighted vestlbnled trains with cafe cars, Pullman sleepers and free re* dining chair cars. Leaving Evansville at 8810 each Monday and Friday morning, oonnection Is made at Princeton with the through Pullman Tourist Sleeping Car For New Orleans and points In Texas and Calltornta, In which rates are tow and aceorn* modatlons superior. HOMESEEKERS’ TICKETS. On the first and third Tuesdays of each month homcseekers* tickets sold trv Southern and Southwestern points at special low rates, good-to return within twenty*oue days from date of sale. Liberal stop-over arrangements. A copy of the Southern Homeseekers’Gutde will be be mailed to you free on application to F. R. WHEELER, C. P. & T. A., Evansville, tud. A. II. Hanson, U. P. A..Chicago. W. A. Kellonh, A. G. P. A.. Louisville. FLORIDA. A Superior Through Sleeping Car Line Between St. Louis and Jacksonville. Commencing November 18th the Florida Air Line,consisting of the L., E. A st. L. Ky. St. Louts to Louisville, Southern railway In Kentucky, Louisville to leixtngton, Queen and Crcseent route, LextugLm to Chattanooga. Southern railway, Chattanooga to Jesupand Plant System. Jesup to Jacksonville. Florida, will inaugurate for the season the great through sleeping car route to Florida. Through sleeping ears will leave St. Louis t»:15 pm dally, passing Louisville 7d*) am, Lexington 10;o0 am reaching Chattanooga 5:5U pm, Atlanta U);3t> pm, and Jacksonville S:8uam (second morning.) Stop-overs allowed. This route ts through large cities aud interesting country, and ts operated over most superior and welt established lines of railway. The schedules are fast and most convenient. ' In addition to the above schedule leaving St. Louts at njght.tndn leaving 8t. l.orrts S;«S am, will arrive at Jacksonville the next night M)8» pm, making only one ulght out from St. lands to Jacksonvtlle. This Hue also afTords passengers for Florida trip via Asheville, N.C., the greatest A inertcar all-year-around resort. Correspondence solicited and Information promptly furnished. R. A. Cambell, general passenger agent, e*t. Louts. Missouri. This Is also the best line to potntain Kentucky, Tennessee, Georgia and North aud South Carolina.

Time is Honey :::: Time Saved is Money Earned 1 5 l|||j Don’t Travel,—Telephone j|

t < ► A Telephone in your Residence, Office or Store wili save ^ and make ypu money. Our present Rates leave no excuse for being without this mod* era necessity. Don't ••sponge" on your neighbor. Thirty days trial will convince you. Place your order now, and have a Telephone placed in < yourTesidence. Let us know your wants. Cumberland Telephone & Telegraph Co J. W. THOMAS, Manager.

Skin Diseases. For the speedy and permanent cure of tetter, salt rhenm and ecsema, Chamberlain's Eye and Skin Ointment is without an equal. It relieves the it eh iag and smarting almost instantly and its continued use effects a permanent cure. It also cures itch, barber s itch, scald head, sore nipples, itching piles, chapped hands chronic sore eyes r.nd granulated lids. Dr. Cady’s Condition Powders for horses are the best tonic, blood purifier and-ennifuge. Price. 85cents. SoldV

Eureka Harness Oil Is the best preservative of new leather and tbe best renovator of old leather. It oils, softens, black* ens and protects. Use on your beet harness, your old harness, and your carriage top, and they will not only look better but wear longer. Sold everywhere In cans—all sites from half pints to dve gallons. Mat* ky numu ou to.

50 YEARS' EXPERIENCE Patent Tradc Marks Designs Copyrights Ac. Anyone sending a sketch and desertion may ■ quickly ascertain our opinion free whether a:: Invention is probably patentable. Com* ttons strictly confident laL Handbook on I lest agency for securing pate ken through Mann A Co. receive _, without charge. In the Sckntii A handsomely Illustrated weekly. I-antest circulati.m of any scientiSc journal. Terms, *.1 a year: four months, (1. S ild by alt newsdealers. MUNN& Co »<*“'•» New Tori: Branch Oflc9, 630 F 81, Washingt< ». !>• C.

yv ww'wm 1 PATENTS «Y)CEASTO PATENTABILITY Notice in Inventive Ace ” • Book “How to obtain Patents” FREE Or. Price's Cream Bakins Powder World’s Fair Hlabeot AwarC

Cold* Weather* Cloth in All the Latest Patterns Styles to Select from. Suits, $16 and up. Pants, $4 and (’all and See our Piece Goods and Triraimnsjs. C. A. Burger & Bro., Merchant Tai

LouiSYille, Evansville & St. Louis G. Railroad Time table In effect Nov. 21*, 1887: St, Loins Fast Exp. St. Louis Limited. 8:00 p.m. Leave 11:40 p,m.! Ia?ave 12:01 n.m.i Leave 12:14 a.m. Leave 12:80 a.m.'Leave 7:12 a.m.; Arrive. Stations. Iiouisville . . Hnntingburg r. Velpen Winslow . Oahtand-City... St. Louis*. . .. R. A. Night trains stop at Winslow and Velpen on signal only. Campbell, G.P.A., St, Louis. J^*\ Hurt, agent, Oakland <

Subscribe for the $1.00 Per Yean The Democrat is the largest paper published County, and gives all the news each week. 3.

<*STAR TAILOR» NEXT DOOR TO Suits Made to Order.....$12 00 «P 5 <f§ 15 cts Pants Made to Order........ 3 00 Doeskin Jeans Pants Made to Order..... 2 25 Suits Pressed......... Pants Pressed.. It - Pants cut of! for Merchants at special prices.— *®rAU kinds of Cleaning and Repairing at Lowest Pi ices. Give me a call. Telephone 55-3. / ; ij. kc. vavambapd rr tsiam laiMMaiMMurfH «OI«fl<MI0B«aO8tI0ieR9B*39B«