People's Pilot, Volume 4, Number 19, Rensselaer, Jasper County, 26 October 1894 — Page 3

THE SILVER AGITATION.

Interest in the Question Is Opening: the Eyes of the “Wise Men of the East.” The financial authority of the New York Sun, who conceals his identity under the pseudonym Matthew Marshall, is disquieted because of the rapid growth of silver sentiment in the United States. It seems that he cherished the delusive notion that when the purchase clause of the Sherman law’ was repealed it permanently ended the debate over the silver issue. Now he is both grieved and astonished to discover that prominent and influential politicians in both parties want to reopen that debate. He thinks that the southern and western states ought to recognize the significance of the votes in the house on Bland’s propositions for free coinage at various ratios, and he laments that the democrats of an “old, conservative, and • rich northern state like Ohio should at this late day declare for the silver standard.” It may be objected that the Ohio democrats did not declare for the silver standard, but for the double standard, which is pure bimetallism, but Mr. Marshall is quite equal to this objection. He scoffs at the word bimetallism and declares there is no such a thing. His notion is that “we are all either silver monometallists or gold monometallists.” Furthermore, he believes that “ninetenths of our people do not know what bimetallism is either in practice or theory,” which may or may not be true, but with falling wages, the increasing power of the money-lender, lessening employment, and general distress ninetenths of our people are learning by bitter experience what monometallism is and are crying: “Away with it!” Mr. Marshal is surprised to find so many voters uncompromisingly declaring themselves for the free coinage of silver, so much “hesitation of politicians to declare themselves opposed to the restoration of silver at its ancient ratio,” and is disgusted at the marked tendency of the politicians to dodge the free silver issue and take refuge in talk of international bimetallism. In the latter respect the Times can fully agree with the Sun’s writer. It thinks with him that “the in ternational bimetallism which American politicians talk about is a dream incapable of fullfillment and its only use is to enable party managers to avoid openly refusing to support free silver coinage.” • But of the single gold standard for which the Sun pleads the Times has certain things to say. Under that execrable monetary policy mills are stopped, wages and profits alike are reduced, the farmer finds his utmost efforts barely adequate to support himself and his family without meeting the interest on the inevitable mortgage, the city artisan and wageworker of every class finds his pay cut down and his days of labor fewer, the merchant sees his customers coming less often and with less money in their hands, the manufacturer is compelled to shut down his mills because of “over-production,” or to cut the wages of his employes because of low prices. These are the conditions which gold monometallism has brought upon the people. The drain of money into the coffers of the money lender has eliminated profit from business, though the business man cut down the wages of his employes to the point of bare existence. They point to lowering rates of interest, but conceal the fact that 5 per cent, to-day means more wheat, more labor than 7 per cent, six years ago. While this situation continues —and it will not only continue, but grow worse—neither Mr. Marshall nor any other prophet of gold momometallism need be surprised to find the politicians and the people renewing the silver agitation. There will be no end to the agitation except its success.— Chicago Times.

THE GOLD STANDARD.

How It Has Caused a Destruction of Values and Loss to Producers. John Stuart Mills, in his “Principles of Political Economy,” says: “If the whole money in circulation was doubled, prices would double. If it was only increased one-fourth, prices would rise one-fourth. The very same effect would be produced on prices if we suppose the goods (the uses for money) diminished instead of the money increased, and the contrary effect if the goods were increased or the money diminished. So that the value of money—all other things remaining the same —varies inversely as its quantity; every increase in quantity lowering its value, and every diminution raising it in a ratio exactly equivalent. That an increase of quantity of money raises prices, and a diminution lowers them, is the most elementary proposition in the theory of currency, and without it we should have no key to any other.” That is a very great economist’s tolerably emphatic opinion that contracting the currency sends down all prices and values. But “there are others.” Leon Faucett, in his “Researches Upon Gold and Silver,” written over fifty years ago, said: “If all the nations of Europe adopted the system of Great Britain, the price of gold would be raised beyond measure, and we should see produced in Europe a result lamentable enough.” Well, have we not seen it, and in America also? Before a French monetary convention in 1809 some testimony very much to this point was given by the late Mr. Wolowski and by Baron Rothschild. Mr. Wolowski said: “The sum total of the precious rfaetals is reckoned at fifty milliards, one-half gold and onehalf silver. If by a stroke of the pen they suppress one of these metals in the monetary service they double the demand for the other metal, to the ruin of all debtors.” Baron Rothschild said this: “The simultaneous employment of the two metals is satisfactory, and gives rise to no comr/laint. Whether gold or silver domina-.es for the time being, it is always trie that the two metals concur together in forming the monetary circulation of the world, and it i* th*

general mass of the two metals combined which serves as the measure of the value of things. The suppression of silver would amount to a veritable destruction of values without any compensation.” Now, that is the theory of money as laid down by the accepted fathers of political economy, namely—that to reduce the amount of legal tender money in circulation is to reduce the value or price of all other things relative thereto. Do the facts bear out that theory? The American people can apply the test of their own observation and experience for the past twenty-two years to find an answer to that question. With the year 1873 began the reduction of the amount of money in circulation in this country. That reduction has gone on steadily ever since, its pace being only moderated for a few years under the Bland silver act of 1878 and the Sherman silver act of 1890. • Have prices and values of all commodities measured in money gone down in the same period, or have they not? If they have, the economists above quoted are right, and, if not, they are wrong. The record of market prices shows that an acre of wheat sold for a little over §l3 in 1873. Now, after 21 years of diminishing circulation, an acre of wheat will sell for less than SO. The average acre’s value of all the staple crops of our farmers sold for 85 per cent, higher prices in 1873 than they are selling for in 1894. Does not this help us to understand the despairing cry of the western and southern farmers for relief? We can take a pencil and figure out for ourselves that if the wheat crop, the corn crop and the cotton crop of 1894 could be sold at the same prices they brought in 1873, before the terrible contraction of the currency began, the farmers and planters of the United States would have at least $800,000,000 more in their pockets than they have as it is.

. If the crop-growers had those SBOO,000,000 more to spend, does any man, except he be a gold standard shark or one of his ignorant dupes, think that so many factories would have been closed or running on half time this year, or that we should have heard the incessant talk of cuts in wages,strikes, lockouts and the rest of it? Remember that the staple crop-grow-ers are the underpinning of the whole superstructure of American national prosperity. The appalling shrinkage in the selling values of their crops—sßoo,ooo,ooo a year out of their pockets this year, and more next—-has made them too poor to be good customers to the eastern manufacturer and merchant that they used to be. It has made them discontented, despondent and demoralized. And the remedy for it all is—what? There is but one possible remedy. Stop the contraction" of the currency, readmit silver to coinage, enlarge the circulation to meet the larger population and business of the country, and end the long, dismal reign of a money standard that grows dearer all the time, hence makes all products cheaper, and is necessarily driving all the producing classes nearer to the abyss of hopeless ruin and poverty.—N. Y. Recorder.

Universal Depreciation.

When people see that general prices are falling and think it an advantage, they do not perceive the enormously important consequences lying concealed in the fall. They do not perceive the converse of the proposition, namely, that what is really happening is that money is becoming dearer. To say that prices of property and commodities are coming down is to say that money is going up. The only classes benefited by this—and they are benefited unjustly—are the classes that have lent money at interest and are living on fixed incomes. Their only “products” being bonds, mortgages and money, they gladly see these rising in value by the fall of general prices, to the extreme detriment of industry and commerce. To my mind, therefore, the very keystone of the arch of national progress is a suffiiency of money, and for this country a “sufficiency” means a constantly increasing quantity. Without such increase all the factors that go to make up this great arch mu§t tumble in confusion to the ground.—Senator John P. Jones. •

Break the Gold Monopoly.

The money of the world has been pu„ on a gold basis, and gold being limited in quantity, has beem monopolized and doubled in exchange value, the purchase value of all money doubling with it. Hence the returns to the capitalist are twice what he bargained for; the burden on the debtor twice as heavy as that he had agreed to bear. The process has profited the money lender mightily, but has brought the producer, whether he be a farmer, mill operative, or great manufacturer, to grief. The tribute which has been extorted by the gold monopolists has deprived every purchaser, big or little, of his profit. To break down the monopoly of gold it must be done despite the resistance of those who are profiting by it. If the nation waits for Wall street and Lumbard street to acquiesce it will wait forever.—Chicago Times.

The Way to Do It.

When we see that the prices of commodities have fallen with silver, and that the relation of silver to commodities in silver-using countries has remained unchanged, but that the gold prices of commodities in these, as well as in other countries, have continued to fall with silver, we cannot avoid the conclusion that the separation of the metals was wholly due to a rise in the value of gold and to a fall in the value of silver. The only possible way in which the rise in the value of gold and the consequent fall in the price of commodities can be arrested is by restoring silver to its full monetary use and placing it in competition with gold as a money metal, and thereby introduce an opposite influence that will restore the activity of our industries.

INDIANA STATE NEWS.

At Columbus, James Seward, aged 76 years, was thrown from his buggy by a runaway horse and landed on a wire fence. His clothes and flesh were literally torn to pieces, face horribly ,torn and left arm broken and was am* putated. He will die. Near English, George Goldman, a farmer forty-eight years old, while mentally deranged, killed his wife with a smoothing iron the other night and then emptied the contents of a double-barreled shotgun into his own brain. Goldman spent a few* months in the insane hospital and had been pronounced cured. There is said to be a suicide club at Madison. f Kokomo city dads have passed an anti-saloon ordinance. Knightstown council has accepted the water works plant. The attending physician at the Indiana State Home for the FeebleMinded was horrified the other morning when he discovered cases of scarlet fever in both the boys’ and girls* dormitories. There are nearly seven hundred inmates and all have been directly or indirectly exposed to the contagion. The feeble-minded patients have been isolated. The discovery has caused a big sensation at Ft. Wayne. The other evening, at the home of John Cunningham, four miles south of South Whitley, the little child of Mr. Cunningham, aged 18 months, pulled a lighted lamp from a table over on it and the infant, covered with blazing oil. was burned so badly that death resulted in a few hours. J. S. Sellers, a minister of the Methodist Protestant church, Marion, was thrown from a load of hay, the other evening, and instantly killed. The load of hay went over when the wagon was turning a corner, and the man fell on his head, breaking his neck. He was 72 years old. For a number of months there have been frequent incendiary fires at Laporte. The general anxiety which has prevailed has been augmented by the finding of a warning posted on the Fox Woolen mill, stating that the plant would be destroyed by fire. Daniel Ryan, formerly of Jeffersonville, and until the last two or three years the most popular young grocery clerk in Columbus, w r as the other afternoon taken to the county poorhouse. People at Middletown kick because the tin-plate mill’s engine makes a noise at night. Money is being raised to sink a gas well at Columbia City. The convention of the Woman’s Foreign Missionary society of the Richmond district closed w’ith an address by Mad. Sorabji Cavalier, of Poonak, India. The officers elected are as follows: President, Mrs. W. H. Daniels, Richmond; vice-president, Mrs. Kelley, Richmond; recording secretary, Mrs. Morgan, Knightstown; corresponding secretary, Mrs. A. G. Neal, Hagerstown; treasurer, Mrs. J. J. M. Lafollette, Portland. C. B. Bodine, a well known citizen of Rushville, is dead.

Elkhart druggists want a Sunday closing schedule. In a sixteen-mile bicycle race from Wabash to Peru, the other afternoon, with four entries, against time and championship, J. Sommerland won. Time, one hour and six minutes; Murat Blizzard second, in one hour and twelve minutes; Bert Sommerland broke hia wheel. Nearly four miles of the course was over newly graveled roads. Milt Ring, a young man of Anderson, entered Sam Hong’s laundry at 8 o’clock, the other night, and without drew a revolver and shot Sam Ling. He fired five times, three of the shots taking effect, two in the left arm and one in the neck. The last will likely prove fatal. Ring backed out into the street and, coolly emptying the shells out of his revolver, walked to the front alley and disappeared. He has not been captured. The Chinaman says Ring was drunk and that the two had never met before. John C. Russell, one of the oldest residents of Jackson county, died, aged 93 years. A factory to manufacture fiber from corn stalks will be started at Bloomington. At Franklin Leslie McCool, 20, and Martin Donohue, 19, were struck by a train and both badly hurt. Twenty-three men were caught in a gambling raid in one night at Brazil. The criminal cases against Michael Gottschalk, cashier, and George Ober, president of the burst Citizens’ bank, Converse, have been dismissed. John Koeplen, mailing clgrk of the Indianapolis Journal, died the other morning of pneumonia. He was a Christian Scientist and persisted in that treatment, although his wife died the same way a few months ago. The Ligonier fair, financially, was a failure.

The L. E. &W. railroad depot, Montpelier, was entered by unknown persons and robbed. Two ladies’ trunks and two belonging to traveling men were demolished and the contents scattered over the depot. Later a citizen on his way home was assaulted by two persons, and made to give up Sls and a new suit of clothes he had on. This occurred within a short distance of the depot. Francis Murphy is conducting a series of temperance meetings in Connersville. and great good has been accomplished. At Vincennes, the home of Charles Purrier, colored, was blown up by dynamise. Purrier and his family escaped serious injury. Their home is a total wreck. There is no clew to the perpetrators. At Elwood, a gas well drilled in by the Dehority Land Co. and finished a few days ago, shows a pressure of 350 pounds to the square inch, which shows that the gas pressure is not failing in that city. Mrs. Mary Miller, of Indianapolis, lost her voice through an attack of grip four years ago, and suddenly f ound it again while. hearing her favorite hymn, “He ieadeth Me."

Th® General. The nursery regiment one day Were marching up and down, With flying flags and beating drums. The prettiest sight in town. And little Willie on the steps Was gazing at the band; Why not among the warriors I did not understand. Until I asked the question straight. When flashed his eyes of blue; “ I am the general,” he cried, “Who must the troops review.” —Harper’s Young People.

Improvements on the Nickel Plate Road.

A New Through Car line has been established over the Nickel Plate Road and D. L. & W. R. R. between Chicago and New York City. With the former through car line to New York via the West .Shore R. R. and a Boston Car run over the West Shore-Fitch-burg Route unchanged, this Line will beyond a doubt become an important factor in the east and west bound passenger business. A Matchless Dining Car Service has been rearranged so as to best accommodate its patrons, and with their old motto “A Perfect Passenger Service at the Lowest Available Rates” they will no doubt secure the patronage of the traveling public. When contemplating a trip East, write Mr. J. Y. Calahan, at IV9 Clark St., Chicago, 111., or any Agent of the Nickel Plate Road, for rates, maps and full particulars. “I tell you I’m in big luck.” “I’m glad to hear it.” “Yes. The insurance examiner passed me O. K. two months ago, and now the doctor tells me I’ve got an Incurable disease.’ —Kate Field’s Washington.

Held by the Enemy.

If you are held captive by the enemy, rheumatism, bound hand and foot in the shackles of rheumatic gout, you have yourself to blame, because you' did not check their approach in the outset, with Hostetter’s Stomach Bitters. Tackle them at ohce with this pain soothing, nerve quieting, blood depurating specific, and you will experience speedy relief. Biliousness, malarial, dyspeptic, liver and neuralgic complaints yield to it. Mrs, Pancake (suspiciously)— “Why are you hanging around my back window so long?” Tramp—“ Ma’am, those apple pies are as purty as pictures, an’ I’d like to be the frame o’ one o’ them.”—Harper’s Bazar.

When Nature

Needs assistance it may be best to render it promptly, but one should remember to use even the most perfect remedies only when needed. The best and most simple and gentle remedy is the Syrup of Figs, manufactured by the California Fig Syrup Co. Uncle John (in the country)—“Just look at that meadow, with its carpet of green grass! Isn’t it beautiful?” Flossie (from the city)—“Yes, Uncle John; but it isn’t natural. There isn’t a single ‘keep off the grass’ sign on it” •

McVicker’s Theater, Chicago.

For two weeks, beginning Oct. 28, “Rush City,” the new musical farce by Gus Heege, produced by Davis & Keogh, with specialties and remarkable scenic effects, is a very laughable And lively burlesque on Western booming methods.

THE MARKETS.

New York, Oct. 24. LIVE STOCK—Cattle 88 50 @ 5 40 Sheep 1 50 @ 4 25 Hogs 550 @ 5 00 FLOUR—Minnesota Patents. 3 (X) @ 345 City Mills Patents 4 00 @ 4 15 WHEAT—No. 2 Red 54 55% No. 1 Northern 65 CORN—No. 2 57;«ai 57% October 56 @ 5644 OATS—No. 2 32 @ 32% RYE 52 @ 53 PORK—Mess New 14 00 @ 15 50 LARD—Western 7 55 @ 7 60 BUTTER—West rn Creamery 15 @ 25 Western Dairy 12 @ 16 CHICAGO. BEEVES—Shippli g Steers . (3 00 @. 600 Cows 1 25 @ 2 80 Stockers! 2 00 @ 2 05 Feeders 280 @ 3 50 Butchers' Steers 30) @ 3 75 Bulls 1 50 @ 3 50 HOGS 440 04 505 SHEEP 1 50 © 33 0 BUTTER—Creamery 13 @ 22 Dairy 11 @ 19 EGGS—Fresh 17 @ 18 BROOM CORN (per ton)— self-working 90 00 ©llO 00 New Dwarf 110 00 ©J 20 00 All Hurl 100 00 @l2O 00 POTATOES (per bu.) 40 @ 60 PORK—Mess 12 37%@ 12 62% LA Rib—Steam 720 @ 7 25 FLOUR—Spring Patents 320 @ 3 50 Spring Straights 2,20 @ 2 60 Winter Patents 2 80 @ 290 Winter Straights 240 @ 2 60 GRAlN—Wheat, No. 2 Red... 51 %@ 52 Corn, No. 2 Oats, No. 2 28 @ 28% Rye, No 2 46%@ 40% Barley, Good to Choice... 52 @ 55 LUMBER— Piece btuff 600 @ 9 50 Joists 12 00 @l2 50 Timbers 10 50 @llsO Hemlocks 800 @ 625 Lath. Dry 1 40 @ 1 70 Shingles' 1 10 @ 2 00 ST. LOUIS. CATTLE —Texas Steers £2 50 @ 325 Native Steers 1 95 @ 2 90 HOGS 425 @ 4 70 SHEEP 225 @ 2 60 OMAHA. CATTLE—Steers (2 00 @ 3 80 Feeders 2 25 @ 2 65 HOGS 445 f ( ft 4< 5 SHEEP 250 Ci: 310

«T 0 PUT ON needed flesh, no matter how you’ve lost it, take Dr. Pierce’s Medical Dis'/M covery. It works (7 wonders. By restor- < ing the normal ac- ’ 7 tion of the deranged 0 organsand functions, : it builds the flesh up to a safe and healthy standard—promptly, pleasantly and naturally. The weak, emaciated, thin, pale and puny are made strong, plump, round and rosy. Nothing so effective as a strength restorer and flesh maker is known to medical science; this puts on healthy flesh not the fat of cod liver oil and its filthy compounds. It rouses every organ of the body to activity, purifies, enriches and vitalizes the blood so that the body feels refreshed and strengthened. If you are too thin, too weak, too nervous, it may be that the food assimilation is at fault. A certain amount of bile is necessary for the reception of the fat foods in the blood. Too often the liver holds back this element which would help digestion. Dr. Pierce’s Golden Medical Discovery stimulates, tones up and invigorates the liver, nourishes the blood, and the muscles stomach and nerves get the rich blood they require. Spent Hundreds of Dollars with no Benefit. M. J. Coleman of Sargent St.. Roxbury, Mass., writes: “Alter suffering from dyspepsia and constipation with untold agony for at least >8 K months, I am more than ■ K pleased to say that after J . using Dr. Pierce's Golden yrSSf Mff Medical Discovery and gPj). 'Pleasant Pellets’’for one ■ jf 1“ I'T month, I was entirely 1 L— j cured, and from that day \ S' to this Ido not know, \ J thank God, what even a \ /I slight headache is. I paid a/-w* L a doctor on Tremont St., V Boston, in one day (for Ik his advice only,) the sum / 31k of Jio.oo with $3.50 for medicine, and derived no J- Coleman, Esq. benefit. I got more relief in one hour from your medicines, as far as my stomach was concerned, than from all the other medicine I used. If any person who reeds this is suffering from dyspepsia or constipation and will use your mcdiane as I have done, he will never regret ft.”

Highest of all in Leavening Power.—Latest U. S. Gov’t Report Royal, s Absolutely pure

Amateur Hunter (to rabbit driver, who has Just got a load of small shot in his coat) —“How much damages will you ask for this unlucky accident?” Peasant—“Oh, never mind such a trifle! I’ll just charge it till you hit me again.”—Fliegendo Blatter. Timmins—“What do you think of my new desk? Bought it second-hand; made the money all from my jokes.” Simmons—- “ Well, that is as ft should be—the jokes were all second-hand, were they not?”— Cincinnati Tribune. Mr. Pompous—“ Sir, I would have you know that I’m a self-made man I” Farmer Hayrick—“Waal, mister, man-makin’ seems to be a trade ye didn’t work long at.”— Harper's Bazar. She—" Have you ever had anv experience of Wall street, Mr. Lamb?” Hq—“Yes, indeed, plenty of it.” She—“How* long were Sou there?” He—“ Just fifteen minutes.”— tunsey’s Magazine. Mrs. O’Neil—“Do yez make the ould man do the Washing?” Mrs. Murphy—“Yis. You She, he’s out ov shteady wurruk, and it’s mane loike not ter give him a job whin wan can.”—Harper’s Bazar. “What I tell my wife goes.” “Indeed?” “Yes; she takes it toner mother right away, and pretty soon it is everywhere.” —Puck. Mr. Grbathbad, the landlord, says he prefers as tenants experienced chess-play-ers, because it is so seldom they move.— Boston Transcript. If you want to bo cured of a cough use Hale’s Honey of Horehound and Tar. Pike’s Toothache Drops Cure in one minute. “Doctor, I am troubled with shooting pains in my face.” “Yes, madam. You use too much powder.”—Cnicago Tribune. Hall's Catarrh Cure Is a Constitutional Cure. Price 75c.

g If you've neuralgia, 2on rub it on bard—keep rubbing it on —it bas got 2 Z to stop tbe pain—that’s wbat it's for. Its corppari pg to L brilliapey of Jup” to Jaaps SANTACLAUS. (fi) it) if)(> apd ©SANTA CLAUS SOAP his Position. lly happened to a certain rk, because he couldn’t induce lers to take an inferior brand /ashing powder in place of ine. The grocer said, “If can’t sell what I want you to [ don’t want you.” Now it doesn’t take a very wise woman to decide whether this was an honest grocer. And a woman wise enough for that, would be likely to insist upon having nothing but Pearline. There is nothing “as good as” or “the same as” Pearline, the original—in fact, the only—washing-compound. If they send you something else, send it back. m James pyle, New York. THE POT INSULTED THE KETTLE BECAUSE THE COOK HAD NOT USED SAPOLIO GOOD COOKING DEMANDS CLEANLINESS. SAPOLIO SHOULD be used in every KITCHEN.

For DuRABwtttWTOD for General blacking is unequalled. HasAn annual Sale of 3.000 tons. ALSO MANUFACTURE THE TOUCH UP SPOTS WITH A CLOTH MAKES NO DUST, IN 5&I0 CENT TIN BOXES. the only perfect Pastel Morse Bros, Profs. Canton,Ma.s?_ m _ Intima pf Mr gg®

Mistress—“ Bridget, I don’t like your having these men in the kitchen. They are all strangers to me.” Bridget (pleasantly) —“Stip insoide, then, mum, and 01’11 introjuice you.”—Judge. Visitor—“l suppose you have a great deal of poetry sent in to you for publications” Editor—“No, not very much poetry as a rule; some of it is verse, and some of It la worse.”—Somerville Journal. People who hope are people who help.— Ram’s Horn. Bt the time a rumor ties around on. block it becomes a lie.—Galveston News. Love never speaks In a foreign language. —Ram’s Horn.

A ~ 1 I® Qou can easily have fhebest If you only Insist upon It. They are made for cookinc and heating,ln every conceivable style and size, for k'ndoffud and with prices from ♦ io to ♦ 70. Thegenulne all bear this tradeinarkand are sold with a written guarantee. First-classmerchants everywhere handle them. The MkMpn Mow Company. lakjth hakim or slam ano ranch mtmwouo MTROUCItIOMGO, tnUTAIO.MRWTORKCTY.

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