Rensselaer Republican, Volume 27, Number 39, Rensselaer, Jasper County, 23 May 1895 — In a Nutshell. [ARTICLE]

In a Nutshell.

Iron ore is fighting its way here from abroad. In March we imqported over 30,000 tons as against 6,709 tons in March, 1894. Of pig iron also we bought $31,000 worth from foreign countries last March as against $9,332 worth in March, 1894. The imports of tin plate are not falling off any. In March we received $55,074,575 pounds as against 40,968,992, in March 1895, an increase of nearly 15,000,000 pounds in a single month. This is not so surprising when we remember that the American railroads carry the foreign tin plate cheaper than they will carry American tin plate. The low price of wheat is cited as proof that the demonetizatioli of silver has caused a reduction in the price of farm products. But while wheat has been going down, corn, oats, lard, pork, and now cattle have come up. Moreover, wheat was higher in 1891 than it was in 1890, while silver was higher in 1890 than it was in 1891. The truth is there is no more connection between the demonetization of silver and the price of farm products than there is between the rainfall ten years ago and the present boom in coal oil.—Ex.

In the West and South there is just now an eager desire for more factories, especially in young growing towns., Why ? Because most people in such places are convi need th at factories increase the value of real estate and benefit the merchants and neighboring farmers by putting money in circulation. Yet these same Free Traders who favor local industries oppose the national Protective policy that promotes the public welfare in the more general establishment of factories throughout our country.

A Chicago newspaper in quest of more light on the political situation, recently sent letters to leading represenatives of both parties inquiring if, in their opinion, President Cleveland was a candidate for the third term on the gold standard platform. The responses, g telegram says, “show that the Tariff is still the leading issue, aud that no man who has declared himself against Protection and whose administration has been arrayed against it can secure the support of the Republicans of the country.” This is as might be expected. In tbe full tide of success Republicans will keep Protection inscribed on their banner as prominently as they did in their hour of temporary disaster.

American Tribune: Some of the Republican papers are saying the party must declare in favor of a sound currency, as if there ever was a time when the party did not stand for sound currency. On that question it has never wabbled. Democracy is the only political power in this country that has been for unsound currency. The Federalists stood for good money, and established the old United States bank. The Democrats under Jackson destroyed the bank and opened the doors for a flood of wildcat banks. Under the Democratic rule merchants, millers, bakers, barbers and blacksmiths issued shin-plasters to circulate as money. The Republicans got rid of the whole pestiferous brood of Democratic wild cats aud created the National

banks, and issued greenbacks. This is the whole currency history of the country in a nutshell.'