Rensselaer Republican, Volume 27, Number 39, Rensselaer, Jasper County, 4 June 1896 — Delphi Coming to the Front. [ARTICLE]

Delphi Coming to the Front.

V. L. Ricketts, of the new Delphianßaths Sanitarium was in the city last week on business of the new institution. Delphfiscoming to the front as a health resort. The waters there have few, if any superiors in the World and the Sanitarium is in the hands of some of the best men in the city and is destined to become a feat-, ure not only of Delphi, but of the state. The institution has a great many friends in this county and there is seldom a time when it is not represented at the Delphian Baths - Indiana has already a number of famous health resorts and Delphi is certain to take rank with the best of them.

Hollingswprth & Hopkins have recently completed arrangements : by which they can meet any competition in the farm loan business. They also make a specialty of collections and abstracting. Give them a call. Office upstairs m Leopold’s Block. To Exchange—well improved farm worth $5,000. Want property in Rensselaer valued at about $2,500 or less as first payment, the balance in easy payments. Write or call od G. F. Meyers, Kniman, Ind.

Why Wo Don’t VVitnt Free Silver. Eli Pejkins has written , many things on silver that are good, But hifrlatest is. his beet, and is under the heading “Van Horne on Free Coinage.” The .article so fully answers questiems asked by esteemed friends all over the country, and'we give it in full belowT - ” I t hought I had presented every view of the Tree-coinage, fallacy in my different articles and in pay book on coinage, but a day or two ago Sir William Van Horne, the president of the Canadian Pacific railroad, shed-a- new and novel light on the subject. I met him in Montreal. . Speaking of American money, I told Mr. Van Horne that many free-coiners in the states think that of silver coined by the United States is really demonetized. They think that our silver will not be taken all over the world. Now, I said, your system of railroads and ships extend from Haliacross thq. continent to Vancouver, and over the oceau to Japan and China. “Yes,” said the president, “and we sell tickets-around the- world.” “Do you take our silver all over your system the same as gold ?” I

asked. “Certainly. We take American silver the same as gold or..»BEitish silver all over Canada and in Yokohama and. Hong Kong. A man can buy a ticket or pay for any freight with American silver the same as with gold.” “Do you take Indian, Japanese or-Mexican silver?” “Yes, but at half price. The silver these nations have coined is jJemorietized. They have free coinage. They have not guaranteed it as England, France and America have guaranteed their silver.” “But we have no real gold under our silver,” I said. “Neither have you gold under auy of your greenbacks, silver certificates or treasury notps. You actually owe $350,000,000 for borrowed gold.” “But still cur guarantee is good?” “Yes, America is a rich country. You have a tariff for revenue, or should have, and you have- side assets.” “But suppose we should have free coinage?” I asked. “You mean, suppose the United States, with $580,000,000 of silver lying idle in your treasury, should agree to pay double the market price for all silver brought to your mints and go on coining ad infinitum?” “Yes, that’s what the free silvei men want.” — — .- “Well, sir, the day the United States does that we'will cease to take your coined silver at par.” “But why?”

“Because your guarantee would not be good. The American gold guarantee is stretched to its utmost limits now. The world knows that the United States couldn’t do this thing. "You could not coin the billions of dollars worth of commercial silver in the world and pay double price for it. It would block your mints. It would come in train loads from China, Mexico "and Tndiwr'-The day -yeu- do ikisfoolish thing I will load a ship with 50-cent Mexican dollars at Tlong Kong and put on full sail for San Francisco. The silver manufacturers like Tiffany would ship their million dollars’ worth of old silver to your mint, where the government would pay a double price for it in shining dollars guaranteed as good as gold. England, which has nevdr coined but $120,000,000 in silver, couldn’t do this; and the moment you stopped doing it, all your coined dollars, even the $625,000,000 now coined and guaranteed as good as gold, would drop, like Mexican and Indian silver, to its commercial value. And who wants to do this?”

“Why,” I said, “about five silver states with a population under 2,000,000. These two million people, interested in mines, in order to double their wealth would .jeopardize 65*000,000 in the other states. They would bankrupt the. nation and make her the laughing stock of Europe. The silver interest of Idaho is about $2,000,000, while the wool interest is worth $6,000,000. California’s interest is in gold and wool. Montana’s silver interest is about a million and a half.” ** * * The farmer and the laborer is now being paid in silver or paper as good as gold. Can we hope to

have any thing better ? The. min< r is making a cat’s-paw < £ the fat* mer. . ; - .