THE DALLES WEEKLY CHRONICLE WEDNESDAY, SEPTEMBER 9, 1896.
The Weekly Chronicle.
STATE OFFICIALS.
Ojrernoi ;..-..-..-.'W. P. Ird
Rapretarr of State "R Kincaio
TTeaaurer.. . . . . . . VV
Bupt
Attoi
pt.of Publio Inatruction"...
orney-Generai.
C. M. Idleman
IG. W. McBride
J J. H. Mitchell
(B. Hermann
IW. R. Ellis
....W. U. Leeds
Braatora
Congressmen..
State Printer.
COUNTY OFFICIALS.
County Jndge. ,
Btaerifl
iff.
T. J. Driver
Clerk..
....A. M. Kelsay
.. C. L. fbilllps
I A. S. Blowers
f D. H. Klmsey
Treasurer
Commissioners . .
Assessor "V n T-iS?
Bnrreyor - J. B. ioit
' SnnftHntendent of Public Schools. . .C. L.-Gilbert
Coroner.,. --
, W. H. Butts
NATIONAL REPUBLICAN TICKET.
For President,
WILLIAM M'KINLEY.. Ohio
For Vice-President,
GARRET A. HOBART ... .New Jersey
For Presidential Electors,
T. T. GEER Marion County
S. M. YORAN Lane
E. L- SMITH Wasco
J. F. CAPLES Multnomah
PROSPERITY IN MEXICO.
It is well enough to talk about
prosperity in Mexico to those who
have never been there. Some may
believe it; but as the people of the
United States view prosperity Mexico
is anything but prosperous. In an
interview published in the New York
Sun August 23d, Jose Y. Limantour,
Mexican minister of Finance, says:
"Mexico," said Mr. Limantour,
"has always had free coinage. The
ratio is 16 to 1. Theoretically, our
standard is bimetallic, but, of course,
it is really a single' silver standard.
It is not possible to have a double
standard under free coinage. Any
gold we have is immediately ex
ported, and I have never seen any
gold jn circulation in Mexico. Gold
is at a premium of nearly 200. We
produce but little gold. Last year
the output was 2,000,000 ounces,
-while we produced about the same
nmount of silver as the United States,
55,000,000 or 60,000,000 ounces.
"There is a keen interest in Mex
ico in the result of your election, be
cause of the effect it will have upon
tne price or silver generally. .acn
time silver goes down it is a serious
detriment to our country, because we
have made four foreign loans, pa3'a
ble in gold. As silver depreciates
and the premium on gold is increased,
it becomes more difficult for our gov
ernment to meet these gold obliga
tions! Of course, wc have silver
bonds also, which are' taken up at
home. The gold bonds are worth
nearly double what the silver bonds
are worth. It was a serious blow to
us when the Indian mints were closed
in 1892 and the Sherman act was re
Pealed in 1893, because of the fall in
the price of silver which followed.
"The price of imported goods has
been doubled. The increase in price
of domestic prod nets which are con
sumed at home has been small. The
price of tropical products which are
raised principally tor export has vir
many increased, because they are
paid for in gold, the international
medium of exchange, and' the- pre
mium cq goia in Mexico nas in
creased with the fall of silver. On
this account the producers of coffee
and other tropical products have
profited greatly and have grown very
wealthy. The fall in silver has also
naa me enect oi developing our
manufacturing industries."
-now ao you account ror mat t
"Owing to the fact that we must
pay foi foreign manufactures in gold,
their price in the . depreciated silver
has greatly increased. The price of
domestic manufactures, for which sil
ver is paid, has not increased. Hence
the tendency has been to develop
domestic industries, and wool, iron,
linen, and paper mills have sprung
up all over the country. The fall in
silver has been in effect a species of
protection, which has become more
important than the tariff."
"Would not a further fall in the
price of silver be beneficial, accord
ing to tho same reasoning ?"
"No; because manufacturers want
just enongh protection to enable
them to keep the home market.
They do not want any more than. that.
Furthermore, we must bear in. mind
the point that I mentioned before,
thai every fall in silver is a detriment
to our national finances. It is a det
riment, too, to the railroad compa
nies, which have invested gold cap
ital and issued gold bonds, but whose
earnings are in silver. What we fear
most is a fluctuation in the pnee of
silver,' or in the rate of exchange.
Our commerce is conservative and
not speculative, and while the price
of silver is in doubt, our business
men buy only what they need from
time to time, and undertake no large
operations. This is the best time,
however, to invest money in Mexico,
because silver has got down so low
that it is likely to go up now rather
than to continue downward."
"Is Mexico prosperous on the sil
ver standard ?"
"Our prosperity is increasing rap
idly, but it is due to a number of
causes, and not especially to the sil
ver standard."
"What is the effect upon wages of
the depreciating silver standard ?'
"They have not increased precepti-
bly. The same is true of Japan,
where wges are very low. - Foi this"
reason, Japan and Mexico will, in a
few years, be able to compete suc
cessfully with England and the United
States because of the silver standard
and low wages."
"What is the ruling rate of wages
for agricultural laborers in Mexico ?"
"Twenty-five cents a day."
These are the words of one whose
interests are to present the matter as
favorably as possible for Mexico.
The ruling rate of wages for agricul
tural laborers in Mexico is twenty
five cents a day. Wages do not in
crease with the depreciation in their
money standard.
Patrick Henry Winston evidently
never saw Vermont. . In a speech at
Spokane a few days ago he stated
that he was only surprised that the
Republican vote of Vermont was so
small. That as it is a state of money
lenders and corporations nothing
could be expected but a large gold
vote. Vermont is neither a corpora
tion nor a money lending state. It
is more entirely a farming state than
any in New England. It has no large
cities, but it has a very laige intelli
gent farmer populationj and hence
its'large vote against Populism.
We regret that the gold standard
Democrats did not leave the cam
paign to be determined by two repre
sentatives of the main issue. But
McKinlcy will be elected 'just the
same for a vote for Palmer and Buck
ner will be a vote for Bryan, and
most onti-Populist Democrats will
not throw a vote which will be
counted against the only sound money
candidate who stands . a chance of
election.
The matter of lighting the streets
of our city is becoming an important
one. If we cannot afford electric
lights we can afford oil lights which
are a great improvement over black
darkness. Many cities are lighted by
incandescent lamps, which are less
expensive than arc lights and mdie
desirable than lamps. We hope some
inmg in tms line win be done soon.
Bryan says one day that they are
not trying to give the people cheap
money, but that free coinage will
raise the price of silver to $1.29 per
ounce. The next day he says : "The
great principle is that the value of a
dollar depends upon the number of
dollars. -You have to learn that
scarce money means dear money."'
It requires thousands of dollars
per day to give Bryan a chance to
talk to the poor people who are being
enslaved by golden chains. We have
not yet heard of the hat being passed
through his audiences to , pay for
special trains etc. Of course the cor
porations who own the silver mines
can't be expected to put up.
The national debt was paid off at
the average rate of about seventy
two million dollars pCr annum from
1870 to 1893, and in 1893 we had a
surplus in the treasury of 12,341,674.
Since March. 1, 1893, there has been
paid on the national debt not one
cent. .
BE PAID IN
GOLD.
The question is frequently asked
whether the agreement to pay in gold
coin can be enforced when silver and
currency are both legal tender.
Section 3211 of Hill s Code pro
vides that the courts of this state
when giving' judgment in a written
contract for the payment of gold
rjoin or any other kind of money
specified in the contract, shall . ad
judge that the principal and interest
be paid in the kind of money speci
fied.
The U. S. supreme court, in Bron
spn vs. Rode?, 7 Wallace, 229, says:
"A contract to pay a certain number
of dollars in gold or silver coins ist
therefore, . in, legal import, nothing
else than an agreement to deliver a
certain weight of standard gold, to
be ascertained by a count of coins,
each of which is certified to contain
a definite proportion of that weight.
It is not distinguishable, as we think,
in principle, froTn'a contract to de
liver an equal weight of bullion of
equal fineness." .
The contract referred to in that
case was made in 1851 and called for
payment "in gold and silver coin,
lawful money of the United States."
1 he debtor tendered payment in
1865 in legal tender U. S. notes.
The same doctrine has been de
clared by the United States supreme
court m three different cases since
the one referred to. and by the su
preme courts of California, Ohio,
Texas, Nevada, Illinois and other
states. The Statute of Oregon gov
erns all contracts made or which may
be made while it stands. Its repeal
could not affect contracts made while
it is in force, and debtors who vote
foi Bryan because they believe it
will be easier to pay their debts will
find that they have been deluded
Gold will go to a premium as sure as
Bryan is elected, and that, too, im
mediately. Prices will rise gradually
as to everything except gold and
men who are today owing for their
homes and farms will find it not
easier, but very much harder to meet
their obligations.
Chief Justice Chase, a man who
was never accused of being under
the control of Wall street or British
gold, in 1869, in the case of Bronson
vs. Rodes, elsewhere cited, said that
a contract payable in U. S. gold or
silver coin, is, in legal import, an
agreement that the debtor should de
liver to the creditor a certain weight
of gold or silver of a certain fine
ness. Such a contract is not dis
tinguishable in principle from a con
tract to deliver an equal weight of
bullion of equal fineness. Referring
to the legislation concerning coinage
he says: "The design of all this
minuteness and strictness in the reg
ulation of coinage is easily seen. It
indicates the intention of the legisla
ture to give a sure guaranty to the
people that the coins made current in
payments contain the precise weight
of gold or silver of the precise de
gree of purity declared by the stat
ute. It recognizes the fact, accepted
by all men throughout the world,
that value is inherent in the precious
metals; that gold and silver are in
themselves values, and being such,
and being in other respects best
adapted to the purpose, are the only
proper measure of values ; that these
VALUES ABE DETERMINED BT WEIGHT
and pueitt, and that form and im
press are simply certificates of value
worthy of absolute reliance only be
cause of the known integrity and
good faith of the government which
gives them. . When Chief Justice
Chase said that the above was ac
cepted by all men he had never
heard of a Popocrat or Populist.
The Congregationalist, one of the
most ably edited of the religious
newspapers, referring to the so-called
"crime of 1 873," says : "The ques
tion of the law of 1873, by which
the standard of value was determined
in favor of what was then the cheaper
metal,, seems to us a purely academic
question. The wrongs, if any, are
beyond undoing. If it was a mis
take, which we do not believe, it was
a mistake which the Chicago Democ
racy proposes to repeat, on a larger
scale. The difference in value then
between the metals was very slight;
now it is very marked. Then every
GOLD NOTES MUST
creditor was 'robbed' of a cent or two
on the' dollar, now every creditor
would be robbed of nearly half his
claim. The law docs not care for tri
fles, and the adjustment to the lower
level then was so easy , that, by the
express c!aim of the supporters of
free silver now, it was long unnoticed
by the ieople. Now it would mean
to the working men of the country,
who are the chief creditors always, a
loss which would be instantly and se
verely felt." These words are not
from a political standpoint. They are
common sense. They will be adopt
ed at the November, election.
. MILLS NOT MINTS.
Mr. McKinley condensed the whole
controversy into one sentence when
he said : The American laborer needs
open mills more than, open mints.
The hope of the American farmer i.
not in a financial system which will
attempt by legislation to create a
value which is not real, but in the
developing of a home market, A
system which encourages capital to
invest in manufacturing '. enterprises
increases the number of consumers
in the country who will be dependent
upon and who will have earned the
means with which to pay for the
produce. Such a system attracts la
bor from the field of production and
makes it prosperous as a consumer.
There is no diversity of interest be
tween the manufacturer and the la
borer and Mr. Bryan will not be able
to inject enough of false prejudice
into the minds of the voters of the
manufacturing states to do himself or
his cause any good. When the mills
of the country are running on full
time, when railroads are taxed to
their utmost in transporting materi
als to be manufactured, when new
industries are springing up, the man
ufacturer and the railroad corpora
tion is prospering. At the same time,
and not at any other time, is labor in
demand and well paid. Wm. Mc
Kinley stands as the representative
of the policy which encourages capi
tal to engage- in manufacturing the
policy of highest and truest prosper
ity. Mr. Bryan stands for the policy
of an experiment, which is founded
upon a financial fallacy, the attempt
to legislate value into" something
which has less than the law declares.
The price of wheat in this country
is dependent upon the price in the
country which uses- the most and pro
duces the least, namely England. In
that market each American farmer
comes into competition not Ohly with
every other American farmer, but
also with the wheat raisers of South
America, India and Russia. Now, if
the price of wheat will be raised in
America by the free coinage of silver,
the price in India, Russia and South
America will also have to go up or
we cannot sell what surplus we usual
ly export. But Mr. Bryan says:
"Are our 70,000,000 of freemen to
be controlled by England ? Should
we not be independent and have our
own financial svstem?" Yes, let us
be independent. Let us have free
coinage and raise the price of wheat
and if England don't want our sur
plus we will keep It and tell England
to go to India or some other sea port
to buy her wheat One proposition
is as absurd as the other,' and the
American people are rapidly compre
hending it.
The best preventive of highway
robbery is that administered near
Sacramento Saturday by Engineer
Ingalls. The shooting of a few more
would be train robbers will have a
good effect upon that particular class
of people who try to get something
for nothing. Now if the same rem
edy can be applied to the lone high
wayman of Oiegon who so frequently
holds up our stages we will have an
end of it.
"That is a question for China, Ja
pan and America to. settle," ' said . Li
Hung Chang when told at the Bank
of England that any appreciation in
the value of silver was extremely
doubtful. The only difference be
tween L. H. Chang and W. J. Bryan
is that the latter would leave China
and Japan out of the count; Chang
is wiser than Bryan by two.
Tne Times-Mountaineer a few
days ago quoted from one of Sena
tor Mitchell's speeches made last Jan
uary, and expressed a curiosity to
know what the senator would have to
say at Woodburn. Senator Mitchell,
in his Woodburn speech, addresses
himself to those in the Republican
party who believe in both silver and
gold as standards, and points out to
them with great clearness the neces
sity of remaining with the party
whose admicistiation of public affairs
in the past made this the greatest and
most . progressive nation on earth
Now we in our turn wonder how the
Times-Mountaineer can reconcile its
present position with that of April of
this year.
xsryan nas been in "the enemy s
eountr'." If McKinley would travel
- a . . .
from the Atlantic to the Pacific and
from the great lakes to the gulf he
would be nnable to find any enemy's
country.
A threatened return to a Republi
can policy never caused a panic
among business men, manufactures or
laborers. It always does among fiat
politicians. -
A HANDSOME MONUMENT.
it
la of Vermont Marble For
Grimaud NatWe Btoae.
Flerre
Mr. Comini, the marble cotter, has
just finished a handsome monument for
Pierre Grimaud, who died several
months since. It is of Vermont marble,
a very enduring and handsome stone
standing about eight feet high.
Mr. Comini is now working npon a
stone coping and posts of the fine
building stone of which the locks are
made, for use in Mr. Kelly's lot. in the
Catholic cemetery. This stone possesses
qualities of endurance, also, which make
it admirable for the purpose intended,
though of a different origin than. all
other stone for these uses. The stone
at the locks is of volcanic origin. Though
an immense amount of it has been used
in the great government work at ttie
locks, it does not come from an original
deposit, bnt is found plentifully as float
in enormous bowlders several miles dis
tant. Mr. Winansclaimstohave an inex
haustible ledge of the same kind of rock
at his homestead- twenty-five miles
above Hood River. This rock, as stated
belore, possesses qualities of endurance
equalling or surpassing the finest mar
ble. . The action of the elements for cen
turies does not disentegrate or rot it. It
nothing
BUT THE
GENUINE
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The Germania
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Fine Wipes, Liquors and Cigars.
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Celebrated
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NO.
THE DALLES,
Caseade Watm Springs Hotel
IS NOW OPEN FOR GUESTS.
Board and Room per day .....$1.25
Board and Room per week $7.00 and 8.00
Baths ..: - ....... .25c each
' For Particulars Address T.
274 Taylor Street, - - aug7-dylmo
has great specifio gravity. It is there
fore a good enough rock for cemetery
purposes or building stone. It will cer
tainly last 4,000 years, without visible
diminution, and that is long enongh.
It has not been so long since Cleopatra,
in all her virginal beauty, dazzled the
world with her loveliness, and we read
today of her mummy preserved in the
British mnsenm. No one living now
feels a sense of loss or a pang of sorrow
move their heart as they gaze upon the
crumbling -dust that once formed her
rose-hued lips. The decayed bunch of
wheat that she holds in her pulseless
hand remind the observer only of the
mutations of time, notwithstanding the
most powerful efforts of man to preserve
unchanged in appearance the product of
organic life. The stone coping that en
closes the Kelley lot in the Catholic
cemetery of The Dalles will therefore
last long enough to satisfy the builders,
for it will outlast all memory of the oc
cupants it may chance to enclose.
Mr. Comini has a granite stone, alio,
of more value than that of which the
losks is made. It is a band-ome granite,
capable of a high polish,.and as lasting
as Italian marble. . He finds it near The
Dalles, but this also is float. If a mine
of it could be found it would make the
discoverer independently rich. A big
bowlder of it has lain for untold centu
ries on the county road about a mile
past the California winehouse on the
edge of town. Several bowlders of it
are on the top of the bald mountain
southeast of town. Other specimens
are four miles up Mill creek, and it is
frequently found in various portions of
tho county.. It has most probably been
left by glaciers. :
Mlllar'a Board. Bill.
Hans Miller was arrested last night at
Cascade Locks by Constable Hill, who
went down on purpose to attend to
that official errand. The charge is
obtaining money under false pre
tenses, and was preferred by Mr. F. W.
L. Skibbe. Miller boarded at the Skib
be hotel and in payment thereof gave
Skibbe an order on Mr. Peetz, for whom
Miller had worked. Miller was in Mr.
Peetz' debt allright. The only trouble
was that he got around and collected the
amount subsequent to giving' the order
to Skibbe. There is a chance for legal
contention on the part of the defense
that at the time Miller save the order,
the amount was rightfully due and that
consequently Miller did no wrong. How
ever, we are uninformed on what will be
the line of defense. The trial will oc
cur at 3 o'clock this afternoon. Mr.
Skibbe has given bonds for the payment
of costs.
Ton will find one oonpon
Inside each two ounce bag
andtwo coupons inside each
four ounce bagof Black well's
Durham. Bay a bag of tnla
celebrated tobacco and read
tbe coupon which gives a
list of valuable presents and
how to get them. ,
AGENT FOE THE-
Gambrinus Beer.
94 SECOND STREET,
OREGON.
MOX- L "XlI'JL" -L",
- - PORTLAND, OREGON