People's Pilot, Volume 6, Number 6, Rensselaer, Jasper County, 30 July 1896 — Page 6

6

AN ACTUAL CONVERSATION ON A CHICAGO STREET CAR.

GOLD STANDARD ADVOCATE —I presume you are for free silver. CONDUCTOR—How did you guess? G. S. A. —It’s easy; but never mind that. Get down to the practical side of it. You are earning $45 a month now. When prices go up under free silver coinage your salary will not go up correspondingly, because the railroad companies cannot increase the rate of fares on the public. How do you figure out that you will be better off under free coinage? Conductor —I’ll tell you in a very few words. You say I earn $45. That's not so; if the money received from the public was divided proportionately among the employes of this company each would have more than double what he is now receiving. But the stock of this company is all owned by three men who, under these conditions, give their employes less than one-half of what they (the employes) earn. They are continually cutting down our wages and there seems to be no- prospect of relief as there are three men waiting for every job, A strike would do no good. Now if money is made twice as plentiful by free silver it will find avenues for investment. The men who are waiting for our jobs will find work elsewhere. Then will come our turn. It will be an easy matter to adjust the wage scale to the new conditions. You see, unlike some classes of men, we are not looking after ourselves first. Work for the idle is the fl rs t object. The gold standard advocate listened to labor’s side with great interest. “By the way,” said the conductor, to him, “you are a rich man, probably worth SIOO,OOO, are you not?” G. S. A. —Somewhere about that sum, yes. Conductor—lt is to your interest to keep prices down. Is it not? G. S. A. Oh, no; I want to keep prices going up. I’m for high prices always. (High rates of interest probably.) Conductor—But how are we going to get higher prices unless there is an expansion of the currency, such as would follow the remonetization of Bilver? G. S. A. You fellows are all crazy, lunacy, madness, anarchy, Tillman, Altgeld, flub, dub —rah—boo —hoo —hoo —!!! !!!!!! —******

ABOUT SOUND MONEY.

WHAT IS MEANT BY THE REPUBLICAN SHIBBOLETH. Innocent Word* and Phraeet Are Sometimes Effectively Used to Cover Up Designs Which Would Not Bear Exposure. The word “sound” is as harmless as any little word in the English language. Its meaning is various and depends entirely on the connection in which it is used. It may be an adjective or an adverb or a verb, transitive or intransitive, or a noun, but whatever it is it is just as capable of wrong use and of working mischief bv deceptive application as any other word in which men express their thoughts or which they use to veil their real meaning. It Is in its capacity of descriptive adjective that it is most liable to misuse, and it is notoriously true that “principles,” “morals,” “religion,” “reasoning,” “government,” etc., described as “sound” are frequently the very opposite of that which it is intended to convey by the word “sound.” Now may it not be that its application to the thing called “money,” in the sense in which many of our friends use it, is as deceptive as it sometimes is when used to describe maxims or rules adopted among men and the correctness of which is frequently said to he “proven by the exception” to them? “Sound money” is not a self-explaining compound like “sound headed” or “sound bodied,” but seems to be a phrase coined for a purpose and very much resembles in its capacity for taking on a variety of meanings th« phrases “Fair trade” and “Free trade” as used in England and the United States. The term “sound money” as used in this country carries with it the implication that there exists or may exist somewhere money that is not “sound.” Technically this may be true, but absolutely it is false, for the reason that the thing called “money.” whether made of gold, silver or paper, must fulfill certain legal requirements and if it fail in any of these it is not unsound “money” for it Ms just no money at all. While a twenty-dollar gold piece which has been “sweated” until it has lost one grain in weight may continue to circulate as money and to perform all the functions of a medhun of trade, it is in reality neither Bound nor unsound “money,” but simply a piece of gold the shape and appearance of which enables it to impose stools on the public. A person who knowingly and wilfully circulates such a piece of metal as “money” commits a crime for which he is liable to severe punishment by the national government, one of the highest functions of vbteh to to safeguard Jie people’s medium of exchange. The fact that a piece of metal which •nee performed the proper functions of money may, without losing any of its quality, become a medium of fraud throngh losh of its legalized quantity, •mom to prove conclusively that *moneor” is not a matter either of quality or quantity but of legality. Thus the law declares its legal tender funcgtma on a piece of paper and the paper through wear and tear may become ••Wed and soiled; it may lose a fourth, •r a third, or even more of its quanto*. ft may , in fact, assume every ap•mmuh* of that condition which is uninematty recognized as the opposlteof SppwA? yet no man commits a cf?S! to •Isolating it and any one may oh* tofca hew hill in its place by asking ft of the goverment. .Now since this is IriM it Is plain that the thing called depaads upon the law, net for Hi •owdnsee" or “unsoundew,” hut

With apologies to Times-Herald.

for its very existence, and'to brand any money issued by the government as “unsound” is practically to impeach the itegrity and power of the government. ‘“Sound money” men affect to believe that “money” is a thing which depends entirely on the intrinsic value of the material of which it is made for its effectiveness. The weakness of their position is apparent in the fact that if the material constitutes money then government, since it does not and can not make the material, has no more to do with making money than it has to do with making wheat or cotton, and even “sound money” men recognize the necessity of the government designating the amount of the material which shall constitute a given money unit. Granting, for the sake of argument, that the only prerogative which the government can exercise in tfce making of money is the establishmet of the amount of material which it shall contain, would our sound money friends admit that a change in the use of the government’s prerogative which would declare that ten grains of gold should constitute a dollar would still recognize gold as “sound money?” Certainly not. Why? Because they would reply, “that would cheapen our money,' destroy our credit and enable the debtor to pay his debts with 50-cent dollars.” But suppose government should increase the number of grains of gold in one dollar, how would that strike ouy sound money friends? Well, we can only judge the effect of actions contingent upon a future event by the effect of similar actions in the past When the government destroyed vast amounts of paper money at the close of the war it wonderfully enhanced the value of all kinds of money remaining and its course met with the approval of the “sound money” men of that day who, by the way, included at that time our silver friends. Nobody, or at least nobody of account, noticed that the debtor was compelled by this act of the government to pay his debts in 200-cent dollars. Later when silver was deprived of the privilege of free coinage sound money men did not say anything about the debtor being obliged to pay his debts in money of increased value. Judging from all this it is more than likely that sound money men would not protest very strongly if the government should conclude, at some future time when such a course became safe (it wouldn’t be now), to enhance the value of the gold dollar by requiring it to contain double its present amount of material. It seems likely that Instead of “sound money”’ being a phrase inspired by a patriotic desire to place our nation in the van of progress it is really a cunning invention used for the purpose of cloaking the pernicious designs of selfish schemers.

It looks now as if the silver band wagon would be crowded to overflowing by the fellows who have been holding off to find how the squirrel was going to jump. Having found out that free silver has the “bulge,” they have run themselves nearly out of breafh to catch up with the procession. We don’t believe much in deathbed repentance, but being assured on good authority that “While the lamp holds out to bun) the vilest sinner may return,” we welcome the belated ones upon the condition they do some work meet fqr repentance and do not prove to be “Greeks hearing gifts."—Ex. Republicans who boast of theiT descent from Lincoln, are respectfully reminded that Judge Caldwell, the last living appointee of Abraham Lincoln will not Support the republican ticket of this yew. Neither would Lincoln ft he were atm alive.

The Belated Ones

THE PEOPLE’S PILOT, RENSSELAER, IND.. THURSDAY JULY 30, 1896

Don't be a “yellow dog." There are lots o< calamity howlers now. Money makes the elephant (g. o. p.) dance. The republican party is no longer republican. This is the year to vote for Katie and the babies. The policy of the republican party is to please England. Every gunholder ought to vote against the bondholder. Hobart is the man who has the bar’l. Mark Hanna has one also. McKinley ought to be advertised as the advance agent of poverty. The republican party cowardly bows to the British system of finance. McKinleyism was repudiated in 1892. Will the people swallow it now? Nothing can be plainer than that McKinley is Wall street’s candidate. As long as banks control the currency we will have periods of depression. The abolition of interest would soon free the world of debt and debt slavery. The democratic party is divided against itself and cannot give us fret silver. The republican party is goldbug all the way through; it even had a Jew to pray for it. Paper money bottomed on taxes is the safest and most convenient money for the people. The trouble with the democrats is that they are better reformers out of office than in office. ■ The democratic party has attracted attention to itself chiefly by the blunders it has committed. About the only enthusiasm in the old parties now is from the fellows %ho draw the salaries—or expect to. According to old party logic God made the earth and the good things thereof for a few human hogs to enjoy. The constitution denies to the states the right to issue money. Then why should the privilege be granted to the banks? Have you the names of the populists who tried to steer the democratic con vention at Chicago? Put them down for future reference. The record of the democratic part. Is against free silver,, and tlv;'r prcro i es have been violated so often the they amount to nothing. A party that has thrown up its owr promises eleven times can hardly enroot the populists to swallow the prom i3es. party and all, at one gulp. The political pot boiled over a li"! a St. Louis—and it is getting f ‘he time. T},p.re»a e-c'-t r ..... old party potatoes get burned h:s r .'l

The gold power is gr-isoing, u• pulous, and will hesitT* n- - continue its clu s ch upon the throat o’ labor. When you vote with either o'J party you vote with it. There is no longer hny doubt as to the republicans being in favor of a gold standard. .There is no Lincoln renublicanism in this. Now le»- the true republicans come on 1 of that party. According to rfpnUUcan logic it is perfectly proper to print paper money to pay men to shoot other men. but it would be all wrong to print it to pay n '" n for constructing public highways. Nice logic, that! Where is the democrat who said four years ago that if his party got a chance to relieve the people and did not do it he would never vote the ticket again? Most of them are eating their words and chewing a free silver cud. The success of the anti-gold standard men would of course result in a panic as Jackson’s veto of the United States bank bill did—but that would only prove the power and unscrupulousness of the banks and the necessity of their abolition. * When you hear a democrat trying to lay the blame on Cleveland for his party not passing a free silver measure just remind him that a democratic congress never gave Cleveland a free coinage bill to sign. That knocks the wind out of them. Besides that, the democratic party gave jis Cleveland. Three years ago the goldbug bankers raised the cry that it was the Sherman law and the compulsory coinage of silver that was driving gold out of the country. The law was repealed and silver coinage stopped, but since that time gold 'has oontinued to leave the country as rapidly as ever, and bonds have been issued to the amount of 1262,000,000, and the end is not yet. Now, to every sensible man who is not as blind as a bat, politically, it i s evident that the goldbugs either lied or did not know what they were talking about. The preponderance of evidence ft that they lied and that they are still lyln*.

Mown Time Table No. 27, in Kffeet June 21. NORTH BOUND. | SOUTHBOUND, fi 4.48 a m No 31,... 4.4 s a m p rn No 45 2.40 pm w 'l'''" No 31 does not stop No 32 stops at Rens- at Rensselaer, selaer to let off pasen gers. an N dVowelt rrleS paaßen » ers between Monon A new train, No. 12, dally except Sunday, ba* b d D put on between Monon and LafayPassengers can now leave Lafayette at 5.38 p 111 and arrive In Eensselaer at 730

Alfred M>Coy, Pres. T. J. Me4V,y, Cash. A. R. Hopkins. AsslstantCashter. A. MCCOY &, CO’S BANK RENSSELAER, IND. The Oldent Bank in Jasper County ESTABLISHED 1854. Transacts a general banking business, buys notes and loans money on long or short time on J p .?r son ? l or real estate security. Fair and liberal treatment la promised to all. Interest paid on time deposits. Foreign exb°ught and sold. Your patronage is solicited. Patrons having valuable papers tu> v deposit them tot safe keeping. Addison Parkison. Geo.K.Hollingsworth. Commercial State "Bank, RENSSELAER. INDIANA. ME OMV STATE BANK IK JASHER CO. : Addison Parkison, James T. lianarfd Einniet T a H S «ni Geo ' K - Hollingsworth nrinaraa Holl *ngsworth. This bank is P n r ® pare ?J;® tra 5 s aCt a general banking bus- ,!“ 8 ' Interest allowed on time deposits. and good notes bought at current rates of Interest. A share 01 your DatRENSSELAER BANK." U. O. Hart-in, Pres. ~ -*>• T. Harris, Wice-Pres. •L C Marrin, Cashier. Morfey loaned and ndßs purchased. Exchange Issued and sold on all banking points. Deposits received. Interest bearfng certificates of deposit issued. We make farm loans at six per cent interest payable annually. Collections made ana promptly remitted. DOCTOEB. I. B. Washburn, M. D. E. c. English M. D. Physicians and Surgeons, RENNSELAEK. IND.® Dn Washburn will give special attention to Diseases of the Eye. Ear. Nose. Throat and Chronic Diseases. Dr English will give special attention to in all Departments, and general Telephone No 48. EIU * 4 > A, MILLS. . gw- . 4 PHYSICIAN AND • SURGEON.^Office In the Stockton Block north of Court House. TELEPHONE 29. RENSSELAER. □A. L. BERKLEY, M. D Physician and Suj'geon. Unusual facilities for Surgioial Operations. Office in Leopold’s Arcade Building RENSSELAER IND. Diseases of Women and Children a Specialty. ZDZEXTTXSTS. J. W. HORTON. jppgiSggi DENTAL SURGEON. ****-!■ LI I_LJ Rensselaer, Ind. All who would preserve their natural teeth should give him a call. Special attention given to filling teeth. Gas or vitalized air for painless extraction. Over Postoffice. H. L. BROWN, D. D. S. 4 gh, Bold Pilling s, Crown and Bridge Work. Teeth W ithout Plates a Specialty. Gas or vltilized ajr administered for the painless extraction of teeth. Give me a trial. Offlceover Porter* Yeoman’s.

AV < ’ **' 1/7 S+jr /y * \ ® ’Phone 39^>RECEIVE YOUR ORDER HE... */ peoptes/ , pilot 6 THE BEST ADVERTISING MeoluM IN JASPER COUNTY " " ’ ■- j ■ / j ay

• fireat jp! XB&|jKE| H ]B irk HR 1R aM§|ia| SB HSk -HR • BBSwi jr:. bacfTsT f ■ABM ■- '*r. -y- l wi ; ; A fearless Attack against the present system of driving silver .) —the money of the fanner and the laboring man I—out 1 —out of circulation. The grievous harm already done and the terrible danger ahead graphically described. Information complete, concise, eloquently presented. Readable and enjoyable from cover to cover, UNPARALLELED DEMAND FOR THE GREATEST WORK EVER WRITTEN ON THE SILVER QUESTION, This Paper Has Obtained a Full Supply of This Admirable Book. Superbly Illustrated—All Through—With Designs nifmj ( ™ Kt " Inspired by the Author and Drawn by Our Own Artists. CL ™ 25 CENTS to FOR A COPY OF FIRST ■DITION. :> Jasper ® Tile® Works. * .'J f V - H 1 ibiv riO; ■ T Sir; **r » _ TWO MILES NORTH OF RENSSELAER. ■MIANUFACTUREKS of superior drain tile. Manufacture tile ■ sizes from 4to 16 inches in diameter. Will duplicate prices of any person handling tile in the county for like amount, and same terms. * Works fitted up with, latest improvements in machinery and kiln. Those contemplating using sizes from 12 to 16 in. in diame- * ter call at works and get prices and leave order. A. E. & H. A. ALTER. The Pilot is Only SI.OO