Rensselaer Republican, Volume 27, Number 41, Rensselaer, Jasper County, 6 June 1895 — FIVE PROPOSITIONS. [ARTICLE]

FIVE PROPOSITIONS.

President Cleveland has finally selected a successor to the late - $ Mr. Greshman as secretary of state. There is little hope however, that he has selected a man with independence, courage, backbone and Americanism enough in his make-up to wipe out i at least a portion of the disrepute that has fallen upon the American people through the management of that department during the last two years. Since the sudden death of ExGovernor Ira J. Chase, the fact has become public that he died a very poor man; and a movement has been started to raise by subscription a sufficient fund for the support of his totally blind and therefore helpless widow. This is a most commendable movement It would be a burning shame to the people pf Indiana, were the widow of so patriotic, unselfish, honest and honorable and distinguished a man as Ira J. Chase, to be allowed to Come to want. Discussion That Will Be Beneficial. It seems as if it would be compulsory upon the incoming congress to amend the existing tariff law in some particulars at least, if not entirely to cancel it, and enact a measure for protection. The country cahnot continue under a tariff that produces nothing but deficiencies —deficiencies both in the treasury and among the people. The enormous quantities of foreign goods of every description that we are now buying are simply taking the place of our own products. The supply of goods over and above the daily requirements of the people is steadily accumulating . We know of orders to manufacturers having been canceled, and we know of goods having been delivered that are simply stored in wholesale houses, with no demand for them from the retail trade. The people are not buying more food or more goods than they, actually require. There is no such freedom in their purchasing power as they exhibited a few years ago. The retail trade is not stocking up its shelves in anticipation of any lively demand to come, but is merely asking for, and taking, small quantities of goods to meet its daily or weekly requirements. The retail stores of New York City are not doing a large or a satisfactory business. A discussion of the policy of protection and its restoration is in order, is timely and is seasonable. It will tend to increasebusiness, not to diminish it. The possibility even of establishing higher rates of duties has invariably caused a cheerful and hopeful feeling to permeate the country. The discussion of a free trade policy has invariably tended to depress alb interests. Let us have more of the cheerful view of protection, the promoter of prosperity.—American Economist.

Secretary Carlisle, iD his speech at Bowling Green, Kentucky, formulated fire propositions that should have the careful consideration of every man who is interested in sound money. The proposi- j tions are as follows: First—There is not a free coinage country in the world today that is not on a silver basis. Second—There is not a gold standard country in the world today that does not use silver as money along with gold. Third—There is not a silver standard country in the world today that uses any gold as money along with silver. ' Fourth—There is not a silver standard country In the world today that has more than one-third the amount of the circulation per capita than the United States has. Fifth—There is not, a silver standard country in the world today where the laboring man receives fair pay for his days work. “If the United States could coin all the silver in the world available for coining, the 371$ grains

of pure silver contained in our silver dollar would be worth, in this country, as much as the silver dollar, but the silver dollar itself would be depreciated. The Mexican dollar with 377.17 grains of silver, or six grains more than the American dollar, is worth only about fifty cents of our money. That would be exactly the effect ©a our silver dollar if we coined for private account free all the silver brought to the mints. If we can, by making the ratio sixteen to one, make a silver dollar to pass as one hundred cents, when it is only .worth fifty cents, why could it not be done at a ratio of ten to one? _7_ “Before free coinage of silver can be brought about another congress and another president favorable to it would have to be elected. This would certainly take three years, and before that time every creditor in the country, seeing the coming of cheap money would call upon debtors to liquidate before the chaap money was lawful, which would bring upon the country a panic, compared with which all other panics were as nothing. In 1806, when the Spanish dollar and French crown were made legal tender and were slightly underweight, it drove all the full weight American silver dollars out of the country so that Mr. J efferson stopped the coinage of ;the silver dollar. The subsidiary coin was also driven out because of full fractional weight, and the coins were slightly reduced in weight in order to hold them in circulation.