Rensselaer Semi-Weekly Republican, Volume 20, Number 12, Rensselaer, Jasper County, 14 October 1898 — Page 8

STANDARD GOLD

WHY IT HAS BECOME THE BASIS OF ALL MONEY SYSTEMS. Annual Increase of Its Product Compared With That of Population. Nothing oould more clearly show that it was the fear of ruin nnder oar go-it-alone silver coinage craze that brought on the terrific depression and hard times of 1898 to 1896, than a comparison of the volume of money then, and daring more prosperous periods. Here are some comparisons from official sources: PROSPEROUS PERIOD.

~g.-o siy uj.e **-1 a 2 Si? SSg 3 o' S.p3 3 5 YEARS. 2 E?O m 3. p p 2 K o r\ ?;! rs j i :f S : 1 :2. 1879 $2152 $1.21 $ .49 1880 24.04 1.27 .55 1881 27.41 1.31 .<3 1882 28.21) 1.27 .80 1883 ..... 30.61 1.17 .05 * PERIOD OF DEPRES-lON. 1893 $ 34.71) $ .73 $ .49 1894 35.39 .81 .50 1895 34.33 .88 . 47 1890. 32.88 .78 .34 Of course, it is supply and demand that regulates prices of products. It was not a larger volume of money that lowered the prices of wheat and corn, nor the smaller volume that put the prices up. But here it is seen that depression and hard times came upon the oountry when the volume of money per capita was greatest, aud nnder the operation of the greatest volume of silver coinage and silver bullion purchase this or any other country ever saw before. All noted writers on monetary aud eoonomic science agree that contraction of the volume of mouey tends to depression aud hard times. But our hard times came during the period of greatest volume of money. It was also apparent why the price of silver went down so rapidly during our largest coinage of silver. All tho great commercial natious of the world had for years stopped the coinage of that metal, except in a small way, and its production at the mines was rapidly increasing. The production of gold in the meantime began to increase rapidly, and these nations preferred it as a standard, experience having shown that it fluctuates in value less and costing far less to transport it in the settlement of balances of trade than silver. Why Gold Ha* Become the Standard. Allusion has already been made to the fact (hat one reason why gold has now become the money standard of all great commercial nations is, because transported chiefly by weight in ances between nations, it was fonud that a cheaper rate of express charges by more than one-half was in favor of gold.„ r l*he chief reason, however, why gold has become the staudard, is because of its adequately increased volume of production, and that it fluctuates far less in value than silver. For several years past the increase of the world’s gold production is inuoh greater than the increase of the world's population, as showu by the following table from official sources: WORLD PRODUCTION OF GOLD. c S’ a? ,r eg, F? \l YEARS |§ p | f| : o' • • ; ? :d: a { ? 1891 130.85:1,IKK) U,801,3tK) 9.03 1892 148,651.500 16,01)1,500 10.91 1803 '157,494,800 1 0,843,3tK> 6.88 1804 181,175,8 K) 23,0*1.800 13.07 1895? 199,34,100 18,128,500 9.09 1896-7 442,950,'Ml 411,095,900 17.22 _ Thus it is soen that the average aunual increase is nearly 10 per oeut, whereas statisticians agree that the increase of the world's population is 8 per cent. Bat it should be borue in mind that over ouo-third of the world’s population are not a commercial people, have little in oommon of the truding customs of the commercial nations, and, therefore, make little use of monetary standards. Considering of the world’s gold production to the population of the commercial world, the increase of gold would, therefore, stand about as.follows: Annual incroase of gold product, 15 per cent. Auuuul increase of population, 8 per cent. Thus it is soeu why the commercial world, worried for centuries in attempts at maintaining the two metals at a parity. have come at last to select one as a standard. Hotb 4*«ild nml Stiver. It is worthy of note, however, that all gold standard nations also use silver as u currency, maintaining it at a parity, but tbat ail silver staudard oouutries do not maintain a gold currency, for, according to all experience, silver standard nations are inonometullist countries, the world's standard metal not stay tug in circulation with silver, because it is the cheaper metal. This country, though for years past measuring values by the gold standard, maintains fur the largest volume of silver in circulation at u parity with gold. Money.** There is no greater delusion than the assumption that because gold is the staudard of value it Is therefore the vehicle of all ‘'ultimate redemption” and therefore too limited in volume to redeem all obligations. Not a day of the 800 business days of the year passes but hundreds of thousands of dollars of obligations are "ultimately redeemed" and settled forever, with uot a dollar of gold entering into the transaction, beeauso silver dollars and all forms of national and bank t paper are at par with gold, and, therefore, as good aa gold

in "redeeming" all these obligations. This fact is so palpably trae in all experience and observation that it only needs to be stated. Therefore the chief commercial uses of gold is in paying balances, and in other international transactions. It is said that oar home or domestic commerce and trade annually amounts to 180,000,000,000 ox $40,000,000,000 and it is in all experience tbat not $1 of gold to thousands of other forms of currency enter into this great volume of business. Ha* Gold Appreciated In Valne? It is asserted by some that gold as a standard, or measure of value, has appreciated. The real test of the rise in value of anything is to be found in the rate charged for its use. If the price of wheat is only 60 cents a bushel when 50,000,000 of acres of land is devoted to the crop, because the supply is great, reducing the area to 25,000,000 of acres would probably so reduce the supply as that it would put the prioe up to about $1 a bushel, and thea the rental rate on the land would also increase, for the laud itself woijld enhance in valne. And so of gold. If it has appreciated, a higher rental, or interest rate would be charged for its use, for gold itself or its representatives in other forms of currency reduced in supply would be enhanced in value. But the foot is, one may gc to any bank and borrow thousands of dollars of gold and other forms rif currency at a parity with gold, at 6 per cent now. whereas, a few years ago, th 9 interest rate was 8 to 10 per cent. If farm and manufactured products have gone down in price, so has interest, or the price for the use of gold and all other forms of currency. Any form of currency, specie aud paper alike, if all be kept at a parity, when contracted or curtailed in volume till the demand is greater than the supply, the rate of interest would go up. But it has been showu that both gold and paper ourrency hasliucreased per capita, and the lower interest rate is therefore proof of a more ample supply than formerly. And so the assertion that gold has increased in value is proven to be untrue both by the facts showing its increased world wide supply more rapidly than population, and the greatly reduced rental, or interest rate, on its use.

A REPUBLICAN MEASURE.

What the Labor Commissioners Have Done In Little More Than a Year. The report of the Indiana labor commission 's work since it was created a little more than a year ago has been made. It shows: “Thirty-four strike* and disturbances of labor were in om bands for adjustment. Of these, three strikes were prevented, one boycott declared off and 22 settled. Jn W) of them increased wages resulted in the adjustment. Settlement failed in only six of them, though finally in two of the latter the recommendations of the commissioners resulted in an advance of wages. In the work of the commissioners, not only 7,500 workingmen were rostored to empleyement.but secured earnings of many thousands of dol'ars to them, and in far better conditions to all classes in the communities where these disturbances occurred. The brief period of the operation of this law uuder its wiße administration baa resulted in great benefits to labor, the state and the generally.” , The law providing for this commission was passed by a Republican legislature. When the Democrats had the legislative majority they tried but failed to do this much for labor. Let 'every workingman remember that whon he casts his vote in November.

NO EXPERIMENTS, IF YOU PLEASE.

Whemthe Republican party came into power in 1860 it found the country already on a gold basis. The exigencies of war caused greenbacks to be issued soon afterward in great quantities, and property of every kind seemed to advance in value. But this seeming advance was a delusiou. The increase in the price of property only marked the decrease of the value of the greenbacks, ns measured by gold, which oontinuod'to be the real standard of value and has remained so ever since. Experimenting with either paper or silver cannot cliouge this, unless we cut loose from the other civilized nations and retrograde toward barbarism. And» in that case, it would revolutionize business by destroying present values and make other opportunities for the rich to become richer at tho expense of the masses, lor, in tiuaucial fluctuations, it is tho fjnnnoial experts with capital who win the prizo every time. Even a silver Democrat could hardly favor such a condition as that.

DIVIDED DEMOCRATS, UNITED REPUBLICANS.

Now York, Now Jersey ami Connecticut Democrats, as well as those of other states, have repudiated Bryanism. The Indiana Democrats arc still among the few of their party who believe in the efficacy of cainpatu ghosts, like fr<se silver and that sort of thiug. Republican* Irotn one end of the country to the other are unanimous in sustuiuing the McKinley administration. Its worth as a promoter of national prosperity aud glory in peace and war has been demonstrated by h >u**«ry, ahtlity and patriotism. Tne Democracy of Bryan aud other factious are uuited on only one line, and that the hue of abuse, misrepresentation and yellow newspaper lying. For 40 years the tax levy for state purposes has averaged 14 4' cents. Threo and one-half years ago a Republican legislature cat the levy down to nine ents.

How To Vote. The Law hasj Been Changed.-Read V’ery Careful. ' Mai, i, (A?*.— a. if ¥ Republican Ticket. For Secretary of State, KEP UNION BANNER HUNT. For Auditor of State, REP ‘ W. H. HART. For Treasurer of State, REP. LEOPOLD LEVY. You must get your ballots and the blue pencil of the polling clerks in the election room. If you want to vote a STRAIGHT REPUBLICAN TICKET, make a cross, thus X. within the LARGE CIRCLE at the head of the ticket containing the EAGLE- If you DO NOT wish to vote a straight ticket, you MUST NOT make a cross in the large circle containing the device of any party, but you must make a cross, thus x, on the small square to the left of the uame of each candidate for whom you desire to vote on whatever list of candidates it may be. IF THE LARGE CIRCLE AT THE HEAD OF THE TICKET is marked, and the ballot is marked at any other place, IT IS VOID AND CANNOT BE COUNTED, unless there be no candidate for some office in the list printed under such marked device, in which case you may indicate your choioe for such office by making a cross, thus X. on the square to the jieft of the name of any candidate for such office ou any other list. The cross must be ( placed within or on the circle or square, or the ballot is void and and cannot be counted. DO NOT MUTILATE YOUR BALLOT or mark it either by scratching a name off or writiugoueon, or in any other way EXCEPT BY MARKING IN THE CIRCLE OR ON THE SQUARES, as before mentioned. Otherwise the ballot will not be counted. After marking your ballots, and before leaving the booth, FOLD THEM SEPARATELY, so that the face of them cannot J>e seen, and so that the INITIAL LETTERS of the names of the polling clerks on the back therof can be seen. Then hand your ballots to the inspector, the penoil to tliß polling clerk, aud leave the room. If you are physically uuable to mark your ballots, or cannot read English, so inform the polling clerks, and tell them how you wish to vote, aud they will mark your ballots for yon. But neither you or the olerks most permit any other person to hear or see how your ballots are marked. It is a penal offense to declare that you cauuok read English or cauuot mark your ballots, if, in fact, you can. If you should accidentally, or by mistake, deface, mutilate or spoil your ballots, return them to the poll clerks aud get. new ballots. Yon must not accept a ballot from any person outside of the electionroom. Any ballot outside is fraudulent, and it is a peuiteutkiry offense to have such a ballot in your possession, whether you attempt to vote it or uot. Yon must uot attempt to hold any conversation iu the election room except with members of the election board aud the poll clerks. You must uot put auy mark of any kind ou your ballot except as before mentioned. Use only the blue pencil hauded to you by tire polling clerk in marking your ballot. If you mark with any other pencil your ballot is void aud will not be counted.

For a thorough-bred Berkshire piy:; fora thorough-bred fox hound pup, or for a dog from 1 to 2 years old, address S. A. Havens, Shelbyville, Ind. Chicago Peace .Jubilee. Biggest event since the World’s Fair. Grand military and civic parades, illuminations, fireworks, etc., etc. The Monon Route will ‘‘ell tickets to Chicago from points within 250 miles, for one faro for the round trip Tickets on sale October 17 and 18, end for trains arriving not Inter than noon Oct. 19; good returning to Oct. 22 inclusive. W. H. Beam, Agent. Farms tor Sale. We have for sale several tracts of land varying in size from 40 acres to 280 acres, which will be sold at prices to suit the times. Only a small cash payment is required. balance on easy payments at ti pei4\ cent, interest. Prospective will find it to their advantage to call and see us. Holl¥*gßWorth & Hopkins.

Life was a Burden Nearly Distracted.—Doetors and Medicine Failed. OVRED BY TWO BOTTLES. Dunkirk, N. Y., May 8, 1894. Dr. M. M. Fenner, Fredonla, N. Y. Dear Sir:— l was bilious and nervous and my life became a burden to me. Lost appetite and strength and had terrible headaches, both nervous and bilious. Doctors and remedies had failed to benefit and I was nearly distracted. Finally 2 bottles of your Blood and Liver Remedy and Nerve Tonic completely restored me. I thank you for making it possible to procure a remedy of such power for good. I feel that I owe my life to it” Sold by B. F. Fendig.

EXTRA LONS WAIST

BEST CORSET MADE PRICE, SI.OO AND UP.

SOLD BY Porter & Yeoman, < RENSSELAER, INI). < rv, SI. J-U -TV. W-U W ,4V

PURE BRED IVaiiddliim Piss D FOR SALE. Either sex, at prices that any farmer can afford to pay. O. C. HALSTEAD, Rensselaer. Ind.

NEW UNDERTAKING. • In Hollingsworth’s Block with a complete and first-class stock of Funeral - Furnishings. I respectfully solicit a share of the public’s patronage and guarantee satisfaction lu every r espect. A. B- COWGILL (Successor to w. K. Overton.) Calls promptly responded to day or night Residence at the Mak<*ever House, Telephone 107. . J. A. THUBLOW & CO., AGENTS FOR m Duplex Automatic Steel Frame Ball Bearing Fence Machine IN JASPER AND NEWTON COUNTIES. We are also dealers In Wire. etc.. a« well as Contracting fhr the construction of Fence made by this machine. FORESMAN, IND. Correspondence solicited.

rmom cm ATTORNEYS. George K. Hollingsworth Arthur H. Hopkins HOLLINGSWORTH & HOPKINS, Attar neys-at-Law. «rOfßte aecOHd floor of Leopold’s Block, corner Washington aud Van Kensselaer sts. Practice In iill the courts, purchase, sell aud lease real estate. Attorneys for Rensselaer B. L. A 8. Association : ■'l - Frank Foltz. Charles G. Spltler Harry B. Kurrie. FOLTZ, SPITLER & KURRIE (Successors to Thompson & Bro.) Attorney-at-Law. Law, Keal Estate, Insurance, Abstracts and Loans. Only set of Abstract Books In County. RENSSELAER, IND. ■ygM’ B AUSTIN. Lawyer and Loan Broker. •£1 )3. 1n Forsythe Block, corner Washington aud Vanßensselaer st., RENSSELAER, - - - IND. FERGUSON & WILSON, Attorney s-at-Law. Will practice in all the courts. Will give careattention to any audall kinds of Legal Business Intrusted to them. Ofllce west side of Public Square—upstairs. RENSSELAER, IND.

JAMES A. BURNHAM, U. S. Pension. Attorney and Justice of the Peace. Thorough equipped and abreast of the times. Expert tn pension matters. Office over Western Union Telegraph Office.

JAMES W. DOUTHIT, Attorney-at- Law, Office over La Hue Bros’. Grocery. RENSSELAER, - - INDIANA

CHARLES E. MILLS, Attorney-at-Law. i mriuce, Collections, and Real Estate. Ab- : ;:iits carefully prepared. Titles Examined, t.'i - a Loans negotlnted at lowest rates. JJ1133 upstairs in Odd Fellows’ Temple. RENSSELAER, IND.

J„ L. DUVALL, Attornny-at-Law. All business o' the profession carefullv and th troughly executed. Money to loan bn almost any terms. Real Estate bought and sold. Collections and abstracts earefuly propounded First door east of P. O. upstairs R, S. DWIGGINS, Counselor at Law. RENSSELAER, - INDIANA. I leave recovered my health and have again entered upon the pracilc of law. (all and see me. Office In Makeevcr’s bank building. CHILCOTE & DUNN, Attorneys-at-Law. Attend to all business lu the profession with promptness and dispatch. Office in second story of Makeover Block. RENSSELAER, IND. 0. W. Hanley. J. J. Hun:. HANLEY & HUNT, Attorneys-at-Law. Law, Ileal Estate. Insurance, Abstracts and Loans. OFFICE: Third door south McCoy's bank ou ground floor. RENSSELABR, IND. JAMES H. CHAPMAN, Abstracter of Titles. Farm Loans, Insurance and real estate. Men ay to loan lu large or small amounts, on real estate, oersoiiat or security Special attention given to collecting notes and accounts. Office over Kilts A Murray’s Store. RENSSELAER, IND. R.AY D. THOMPSON, A ttorneg-al- Laic , Notary Public, Collections, Loans, am! all Legal Business carefully attended to CLERKS OLD OFFICE. EAST OF COURT HOUSE. REAL ESTATE. LOAN. INSURANCE. J. K. Warren J, F. Irwin XHJ ARKEX A IRWIN. Real Estate, Abstracts, Collections, Farm Loans and Fire Insurance, Office In Odd Fellows' Block. RENSSELAER, IND. pyAHNKR & THOMPSON; Carriage, Wagon and Blacksmith •Shop. Painting and Repair Work a specialty. Mliop In new budding on South Front Street, one square below Liberal Oorner. RENSSELAER, IND.

PHYSICIANS. TT- J. KANNAL, m. d. c.. Veterinarian, Graduate Chicago Veterinary College, office with Dr. M. B. Alter, BENSSELAER. IND. w. W. HARTSELL, M. D. HOMEOPATHIC Physician and Surgeon. Chronic diseases a specialty. In Stockton-Wil-liam block opposite the court house Phone 80 RENSSELAER. IND. DR. S. C. JOHNSON, Physician and Surgeon Office and residence over Porter & Yeoman Store In new Hollingsworth building. Phone 205. RENBSELAER, IND. D r A. L. BERKLEY, Physician and Surgeon, Office in Forsyth*- corner bloc*. Telephone his RENSSELAER, IND. I* B. Wassruhn e. English IRfASHBURN & ENGLISH Physicians and Surgeons. Dr. Washburn will give special attention t. diseases of the eye. ear. nose, throat and chronic diseases. Dr. English will giv»* special attention to smr. Kery.in dei‘Hiru»»*nis. and general me* mine* Oltice hi Leo|H.lt|\ iv.rner Block over Ellis u M ii: ray’s, RENSSELAER. IND. BE. c. E. POWELL, m. D., Physician and Surgeon, Calls attended promptly, night or day. Office over Vommerciai suite Bank. RENSSEL \ER, - - INDIANA. BANKS Addison Parkison, Pres " J. M. Wasson. V. Pres. E. L. Hollingsworth. Cashlei COMMERCIAL STATE BANK RENSSELAER, IND. Only State Bank In County Directors: Addison Parkison. .tames L Randle. John M Wasson, George E. Murray and Emmet L. Hollingsworth. This bank is prepared to transact a general banking buslneso. Interest paid on time deposits. Money loaned and good notes bought at current rates of Interest. A share of your patronage Is solicited. 1 A. McCoy, President. ■ T. J. McCoy, Cashier. A. R. Hopl#ns, Asst Cashlei A., MoCOY & CO.’S BANK. Oldest Bank in Jasper County Established 1854. Transacts a general hanking business, buys notes and loaus ou long or short time on personal or real estate security. Fair and liberal treatment is promised to all. Interest paid on time deposits Eoreign exchange bought an-', sold. Your patronage Is solicited. Patrons haring valuable papers may deposit them for safe keeping. H . O. Harris. Pres. K. T. Harris, Vice Pres. J.C. Harris. Cashier RENSSELAER BANK, Rensselaer, Ltd., We make farm loans at o per cent interest payable annually. Money loaned in sums to suit borrower. Exchange bought bought and sold on all banking points Collections made au< promptly remitted Deposits Received linerest bearing certificates of deposits issued.

DENTISTS. D r - 'T. W. HORTON, OH. H. L. BROWN. Dentist ( Urowu and BrUlaewovlr. Teeth without pi»ioi :i specialty. All the Ihlchi iu«>th<xW In Onnrl*. try. Office over Meyer's l>rm:st«re. Oa« iutm 111 late red (or patulous extraction of teeth. PIONEER MEAT MARKET i J E’gelsbach, I*rop, Beef, Fork, Vest. Mutton. Sausage. Halogen etc., sold In quantities to suit purchasers at the lowest prices. None bnt the best stivk slaughtered. TUe highest prices paid for go»d cattle. I have a complete line of ladies and childrens millinery in trimed and untriraed hats, caps, walking hats and sailors. Miss Tohmpson is trimmer. Come early for good selectionts. Mrs. C. E. Hershman