The Dalles weekly chronicle. (The Dalles, Or.) 1890-1947, September 23, 1896, Supplement, Image 5

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    V
THE DALLES CHRONICLE.
WEDNESDAY. . SETTEMllfen 23, 1K10.
ii i
The McKinley Law Checked Tin-
. . portation and : , Gave a
Home Market. .
EFFECT OFITRE WILSON BILL,
Supplement
Tho Canadian Farmer Has Protection
. but the American Farmer
Has None.
' Tfcor la no reason why Canada, Mexi-
m. nhinn. or any other country should
supply the United States with a single
gg. Canada does not buy a single egg
from us, and there is no reason why we
honld buy from her. When we do,' the
.American farmer loses the benefit of part
f his natural market.
The purpose of this article is to show
try a few figures the benefit which the
.American farmer derived trom the Mc
Kinley law: not merely because the
law atopepd imports from other countries,
but because under that law he received
am average of 15 cents a dozen for his
, ggs all the year around. Under the
present Wilson-Gorman bill, he hardly
averages 5 cents a dozen; and the people
could better afford to pay 15 cents a
aozen in ls2, than they can a cents a
dozen in 1896.
From 1883 to 1890, there was no tariff
upon eggs. The Canadian farmer could
end his eggs across the line from Maine
to California. Mexico, China, ! ranee,
Germany and other countries supplied
n with 15,500,000 dozens of eggs, an
nually, on the average. We paid every
year to the foreign farmer on this small
product alone, at 15 cents a dozen, $2,-
wu.uuu. j.nis importation ot over 1,
000,000 dozen a month or 50,000 dozen a
day was felt, in the way of competition,
ly our farmers chiefly in the large cities.
-Farmers can get the best prices for eggs
. uu ineir proaucis in tne large cities;
but when New York. Philadolnhin. Kos.
ton. Buffalo. Clevel
Francisco and many other markets are
applied with eggs, shipped at cheap
men ox transportation Dy water, now
can the farmer expect to compete who
Iim n i-)i i 1 , ; ...... 1, ;i .i
w "')' ma cga i ' v rail I t
The following statement shows imnnr.
tations of eggs, by countries, the year be-:
uic luujYiiiiey lann went into eltect,
"e jrar euunig june su, j.By:
Importations of eggs, by countries, Julyl,
Countries.
f Dozens. Value.
Austria-Hungary
Belgium
China
Xtenmark. .
g ranee... ...... .
erniany.
England
Scotland.. .... .
.:- 1,528
$382
33,223
6,425
215.184
126,300
74,950
-11.899
14U
73,355
99
14,119
897
820
4,014
4,100
Hova Scotia, New
Brunswick and
Prince Edward Island)
3,637,222
I
481,609
ucikt, v 'ii i m no, uan-
hods xerritory.
British Columbia
Bong Kong
Italy .....
Japan.. .... ....
jklexico.; ........
Netherlands
Cuba..
STurkey In Africa.
11,731,864
1,864,020
W75
15,21!
12,468
2,07
18,587
5001
10,503
2.3801
70
.154
Total
15,918,809
12,418.976
The next .table shows the points at wnlch
sa ncic icceiveu:
... ... j. j i . -, in i run 1 x v i .
Ports.
Dozens. Value.
Aroostook. Maine
.Bangor. Maine.
Satb, Maine
Boston and Charleston,
Mass
JSnffalo Creek, N'.iY...
Cape Vincent, N. I....
Champlain, N. Y
Corpus Christ!, Texas. .
Cuyahoga, O. . .
Detroit. Mich
Genesee, N. Y
Gloucester, Mass
Huron. Mich
Key West, Fla. .......
Afarblehead, Mass
New London. Conn...
New York, N. Y
Niagara, ' N. 1
swegatchle, N". Y
Oswego, N. Y
Xaso del Norte, Texas
and New Mexico
Passamaquoddy. Maine.
Philadelphia, Pa
Portland and Falmouth,
Maine ......
fertsmouth, N. H...v.
rovldence, R. I
aget Sound, Wash . . .
Salem and Beverly,
Mass
fianduakv. O.
1,958
546,826.
385
$277
'.68.142
- ' 35
1.938.267
270,990
920,096
1,347
125,603
4
80
54,314
104
2,342
5,740,946
9,400
829,894
321
600!
437,993
7:
15,783
11,777
1.503'
l,729j
316
392.469
1.412.963
1,020,293
18.555
1,418
i
33
63,845
240,686
141.521
5
2,376
1,122,638
138,131
5
2,681
164
30
975
. , 4,184!
720:
126.300
7,764
2,256.070
3,364
10,215
1,255
382
18
6
86
663
62
6.425
Un Franclscoi Cat
Superior, Mich
Vermont
Taldoborough, Me. . . .
Willamette, Or.
All other customs dis
tricts l!l62
377,407
485
507
211
Total. .
15,918,809
$2,418,976
It would evidently , be imnossihle for
larmers nrty miles in the interior of any
f the states bordering on the Great
water 'from Canada-.
The McKinley tariff imposed a duty
f 5 cents a dozen on eggs. This law
went into effect October 1. 1890. Dnr
lag. the year ending June 30. 1890, we
imported nearly 900.000 dozen eggs less
than in the year previous, when there
was no protection. The importation of
eggs steadily decreased until the repeal
of the McKinley law in 1894, so that
instead of nearly .16,000,000 dozen eggs
being brought into this country, as here
tofore, in 1890-1 we-imported 8,000.0(i0
ozen; 4,U0(J.(HX1 in 1891-9; 3.000.(KK)
in.1892-3; 1.750.000 in 1893-4. By 1894
nearly $2,000,000 had been taken from
the foreign shipper, which now went into
xne pockets of the American farmer.
The following table shows the importa
tions of eggs since 1883:
Annual Importations of foreign eggs, 1883-
Year ending June 30. Dozens. Value.
1883
1884 ,..
M 1885 '
18S6
a 1887
1888 .'.
a 1889
b!890 , ...
to 1891
to 1892
to 1893
bl894
1895
a Under Free Trade.
15,279.065 1 ?2, 667.604
16.487.2041 2,677,630
16,098,450 2,476,672
16,092,583)
?'S
13.936,054
15,642.861
15,918,809
2,'418.'976
2,074912
1,185,595
15,062,796
8,233,043
4,188,4921
3,295,821
Vxh'?.1.?.
1,791,430
2,709,411
324;i33
b Protected, October 6, 1890, at 5 cents per
dozen.
c Gorman 3c Tariff.
During the last year of the McKinley
tariff the only eggs we bought were from
Canada, and from China for the Chi
nese. We bought none whatever from
European countries, as before. Even at
IS cents a dozen th tariff wnnld not he
any too high. It simply made a differ-
nce to the countries across the Ocean, or
places in Canada, far from the shipping
. yoinm -. i - . - t - - - -
What does all this talk about sixteen to one mean ?
It means that free coinage of silver will ruin business and close
If the McKinley law had been let
alone, the American farmer in 1895-6
would be supplying nearly every egg in
the American market. The farmer's
wife would have felt encouraged to in
crease her stock of poultry, on which
she depended for pin money to clothe
herself and her children. When the
McKinley law was repealed and the tar
iff on eggs reduced from 5 cents to 3
cents- a dozen, importation increased
1,000,000 dozen in one year, at an in
creased price of $125,000. Unless the
American farmer can see it to be his in
terest to vote for McKinley and the
restoration-of a proper duty on eggs, the
Canadian and other foreign farmers will
soon again ship us 16.000,000 dozen a
year and the price of domestic eggs will
continue to decline, as they have done
for the last two years.
Question. Why Should Democrats Legiti-
late In favor of the Canadian as against
the American Farmer ?
The American farmer could not sell
eggs-in Canada, even if they had no
tariff on American eggs. There are only
a few large cities there, and they are
near. to the Canadian cheap tarms. 'llie
86 hall-a-dozen small markets in janaaa
780 I have total nonulation only one-ouarter
I as large as that of the city of New York.
5
A few election districts in tne city or
New York, or in Philadelphia, or in
Chicago, afford a better market for
American eggs than the wnole ot uan-
ada. Yet Canada imposes a duty of 5
cents a dozen on our eggs, while we im-
pose a duty of only 3 cents a dozen on
I her p?s
The Canadians have protection.
but
under the Wilson bill we have not.
A Pointer' for Farmers.
I remember one instance that bears
particularly upon this question that came
to me today as I sat here, and that was
this: My father came from the New
England states upon this prairie in1837.'
He told me this instance once: That
after sowing a crop of wheat by hand,
cutrinff it with the cradle, binding it with
-the rake, and threshing it with the ball
1 upon tne noor, ne pui it upuu u nau"
and drove it to this city of Milwaukee,
ninety-six miles away, and sold it nere
for 46 cents a bushel. This was in the
'50s, and silver then was $1.30 an ounce.
Now tell the silver men to explain to you
how it was that in the early '50s wheat
was 46 cents a bushel, and silver $1.30
an ounce, if the price of silver always
carries with it the price of wheat. And
when he .hems and haws, say to mm:
"It is not oulv confined to wheat, but
that other commodity yon yoke up with
silver, cotton: and tell him that tor tne
four years ending in 1845 cotton in the
city of New York averaged only 7 cents
a nnnnd: and that for the four years
emlin? in 1804 the same class averaged
8 cents a pound. ' Tell him to explain
that to you. That was when we had
free coinage and silver was then $1.30
an ounce. He cannot explain it. That
one illustration, my friends, utterly de
stroys the 'whole silver heresy. Con-
gres'sman Fowler of New Jersey,
What Stewart Thought in 1894
Senator Stewart of Nevada made a
speech in Congress 1 ebruary 11, 18i4, in
wliii-h he said:
I,et everybody know what a dollar is
worth. The farmers will then know how
tr mensnre the difference in price be
tween bis wheat in Illinois and the wheat
in Liverpool. The wheat will lie nieas-.
ured by the same standard gold in
Illinois as it is in Liverpool and any man
can figure it up. But now it is a mys
tery, the whole subject of finance is a
mystery, and what do we see every day?
We see those who devote their attention
to it making large fortunes out of this
mystery. '
Let 11s do as all the people of the world
have been doing - from the beginning
measure our values by gold, adopt the
standard that all can understand, and
get rid of this mystery.
lr. ljOgan ivmi uoes xiie stumor
want?
Mr. Stewart I want the standard gold.
nnd no naner money not redeemed in
gold, no paper money the value of which
1 ; nseertained. no DaDer money that
will organize a gold board to speculate
Who pays these immense fortunes? How
is it that millions and millions can be
rolled up annually there? Did anybody
ever calculate who, paid for it? It
mines out. of the producers. How do
these men exist? By the latitude which
I lation and nothing else.
your uepreciuteu tuiicuuj' gnco iw dcvu-
Persons who are speculating in your
depreciated currency are making the
money, uuu luvy win cuuuuue 10 luanc
it so long as you have a depreciated cur
rency. ,
If the farmers would get rich they
have got to become skilled in this fluctuat
ing currency and make corners and man
I ipulate the market, and if they (Jo that
I they cannot farm. (Congressional Rec-
I ord torty-tniro uongress, nrsi session,
f voi. , p. o&.j
Payment of Debts in Debased Cur
rency Means Practically
Kepudiation.
A NEBRASKA FARMER ANSWERED
Fallacy of What is Considered the
Strongest Free Trade
Argument.
The following letter is one of many
that are daily received by the Times
Herald. It is supposed to contain the
strongest free silver argument that can
be addressed to the farmer, and it is
used by the free silver orators with im
mense assurffnee of its success: ... .
Lincoln, Neb.. Aug. 3. To "the Editor:
My land Is encumbered by a mortgage of
$1000. payable in lawful money November
1, 1897. I must pay this debt with the
products of my farm, under ordinary eir
cumstances I will be able to raise 1000
bushels of wheat next year. If there is no
cnange in our nnanciai system, tins wnear,
at 50 cents per bushel, will pay half the
debt. When the value of a silver dollar
Is reduced to 50 cents by free coinage a
bushel of wheat, without any change ill
its value, will be worth a 50-cent dollar.
With freev coinage -of silver I shall, there
fore, be able to pay the entire debt with
the 1000 bushels of wheat. The burden of
Faying a debt of $1000 has doubled since
borrowed the money.' I have obeyed the
laws of my country under the gold standard
and shall obey them under a silver standard.
The opponents of free coinage of silver are
appealing to the laborers, the creditors and
policy holders to protect their own per
sonal interests. If I should fail to look nut
for my own Interests who will do so for
me? Is "there any reason why I should not
vote for the free and unlimited coinage of
silver? Very respectfully, J. W. Binger.
The answer is not far to seek.
When this farmer borrowed the money
it was the equivalent of $1000 in gold.
It was the same as if be ha,d received it
all in gold $20 pieces. He could have
had it that way if he so desired. Per
haps he did. for many such loans have
been made. When he expended it he got
$1000 in gold equivalent. He j.robably
improved his farm to that extent or
bought stock or machinery. In whatever
way he used it, unless he burned it up or
squandered it. he got value received.
The borrowing and lending was a busi
ness transaction and the borrower used
the money to promote his business in
terests. At no time since that mortgage was
executed, for few mortgages run over
five years without renewal, would a
thousand bushels of wheat have paid it.
Suppose we had borrowed the money
from a neighboring fnrmer more pros
perous than he. That neighbor would
probably have to carry something like
two thousand bushels of wheat to town..
sell it for a thousand dollars, get the
money and hand it over . to his
friend. There have been in the
past thousands of sufh transac
tions. Iu fact, in ' every farming
community there are a few farmers,
more thrifty and of better business qual
ifications than the others, who always
have money to leud out of their savings.
They get the mouey from the products
of their farms, but they are not loaning
those products. They are loaning the
money, and since 1879 it has been gold
or its equivalent. Why should they
not have the same kind of money in re
payment? .
Is it any wonder that the advocates of
unlimited free coinage are charged with
dishonesty and that silver is calledjdis
honest money, when by the passage of
a law a thousand 50-cent dollars will be
sufficient to discharge a debt of a thou
sand 100-cent dollars? . Such a law
amounts to the repudiation of one-half
the debt obligations of all the debtors in
the United States.
When Mr. Binger in the above letter
says. "The burden of paying a debt of
$1000 has doubled since I borrowed the
money." he must remember, if he is stat
ing what is true, that the "burden" is not
alone upon him. but upon every other
business man who has borrowed money.
Merchants and manufacturers feel the
same stress of the hard times as the
farmers do. It is not because they bor
rowed gold and have to repay gold that
the burden is greater, but that their
earnings and assets have not turned out
as they hoped and expected. Competi-'
tion and overproduction have affected
the whole world, but repudiation is not
the proper cure for. it.
Honesty is the best policy as a policy
merely, without reference to its moral
quality for nations as well as for indi
the workshops so that when there is
viduals. A man who has repudiated his
debts is never trusted again and is re
garded witn contempt by all his neigh
bors. And so is a nation.
A free-coinage law is repudiation, and
tnat it is understood 111 that sense is in
dicated by such letters as the above,
For if under free coinage the silver dol
lar is to appreciate to the value of a gold
dollar how will the farmer get more of
them for his thousand bushels of wheat?
How can he pay his debt any easier than
he can now?
No, it is repudiation the silver men
want, and repudiation is dishonor. Chi
cago Times-Herald.
VALUES DECREASED.
Prices of Live Stock I'nder Republican
. and Democratic Rule.
When we resumed specie pay
ment in 1879 our domestic
animals, horses, mules, cat
tle, sheep and swine were
valued at
$1,445,423,062
During the ensuing six years,
until the election of Mr.
Cleveland In 1884, the values
Increased to.
2,467,868,924
A gain during six years of
Republican rule of." $1,022,445,862
During the ensuing fomyears
. until the election of Mr. .
. Harrison In 1888, values de
creased from 2,467,868,924
To.. , 2,409,043,418
A loss during four years of
Democratic rule of 58,825,506
During the ensuing four years,
nntil the second electiou of
Mr. Cleveland in 1892. values
again increased from 2,409,043,418
To 2,461,755,698
A gain during four years of
- Republican rule of 52J12.2S0
During the last two years,
under the second artniiif
t ration of Mr. Cleveland, and
tinder preposed and accom
plished free trade and sweep- .
lug tarifT reductions, values
again decreased from (1893). 2,483,506.681
To the comparatively insigni
ficant total of -.. 1.819,446,306
Showing the enormous loss
in Two years of Democratic
- rule of 664,060,375
Cheap Dollars.
Kverything is cheap or dear according
to what we have to pay for it. Sugar is
cheap at 5 cents a pound, but would be
dear at 10 cents.
A cheap dollar, therefore, is one that
the merchant buys with less goods than
he would" have to give for u dearer dol
lar. If a merchant now gives twenty,
pounds of sugar for a dollar, and the dol
lar which he gets isa 20O-cent dollar;
and if the 00-cent dollar is a dishonest
dollar and ought to be replaced by it 100
cent dollar, worth only half as ninch; in
that case, the merchant will give only
half as much sugar for the cheaper dol
lar as. he now gives for the dishonest
l!00-cent dollar. That is clear, is it not?
This is precisely what "cheap money"
means. '
Is this what the farmer and the worff
ingman really want?
. Apply this illustration to labor, if you
please. The workingman buys dollars
with labor. Does he want a cheap Col
lar, for which the merchant will cive
only ten ixiunds of ugar? Or does he
want a !!00-cent dollar, for which the
merchant will give twenty pounds of
ugar? Cheap dollars would cut his
Wirges in half. He surely does not vant
that.
"Oh, no," says the workingman, "that
is not what I want: but. if dollars were
cheap, I would get twice, as many of
them for a day's work."
Would you. indeed? Not on your life.
Free and unlimited coinage of silver, at
the ratio of 10 to 1. is simply a scheme
to reduce your wages without your know
ing it or having an excuse. for striking.
What good would it do you to get twice
as many dollars for a day's work if $2
would buy no more sugar, .and no more
of anything else, than $1 will now buy?
Besides, if prices go up. under free
coinage, as they will we admit that
does not the workingman know that the
first thing to go up will bo rents, the
next thing will be food and clothinsr. and
the last thing will be luoor?- Under free
coinage, instead of being better off. the
workingman would be worse off than he
is now.
Think this over, and see what it all
means to you and to your little family.-
Springfield (111.) Journal. ,
A Question for Farmers..
If tje volume of silver money controls
prices, as the free coiners would have
us believe that it does, so that the more
silver coin there is in circulation, the
higher is the price of wheat, and the
less silver coin there is in circulation,
the lower the price of wheat; then will
some farmer, who believes in the free
coinage of silver at 16 to 1, answer -the
question:
How did it happen that wheat was
lower in price in 1894 than ever before,
while the amount, of coined silver in the
world was greater than ever before?
Illinois State Journal. . .'
, . .
a job for one man there will be sixteen men out of work applying for it.
Arithmatio for Wheat Growers
Which Neglects Tax and In
terest Considerations. .
A FRrZE SILVER MATHEMATICIAN.
Silver Accountants Concede Double
Expense in Mexico and As
sume Equal Profits.
Warren, Minn., Aug. 6. To the Editor:
I enclose comparative slips circulated by
an advocate of free silver, which subject
I would like your opinion on. It, of
course, is intended to catch the farmer
who raises wheat, and deductions of this
kind have had their influence in this dis
trict, which .is largely wheat growing.
I would like the going wages in Mexico
and the rates of interest in countries on
silver basis as compared with the gold
standard conntries.- Tj. Lamberson.
The first slip professes to show the net
profit to a farmer of raising ,"000 bushels
of wheat in the United Mates:
5000 bushels, at 56 cents per bushel. . .$2,800
Expenses $1,000
Freight KOO
Interest 20O
Taxes ...... ' 40
2.010
Assumed net profit to American
farmer $760
The second slip makes a similar state
ment of the assumed profits of r.-iising
5000 bushels of wheat in Mexico:
5000 bushels, at $1.12 per bushel $5,600
Nxpense .mro
KreiKht HN
Interest 200
Taxes 40
; . 3.040
Assumed net profit to Mexican
farmer. ... r
Reduced to gold..
.$2,500
. 1,280
As this assumed profit would be in
silver and the wheat would have to be
sold upon the gold standard, this skillful
accountant reduces this to gold, making
the net profit to the Mexican farmer
$1280. But to produce this result this
accommodating ai-coitntaiit. while con
ceding that the expense of raising the
wheat would be twice ns many silver
dollars as in the I'nitiil States, as
sumes that the profit on it would lie the
same number of silver dollars ns in the
United States. As a matter of fact the
freight rates iu Mexico are higher ex
pressed in the gold standard than in the
United Stales, but assuming that they
are the same, the American railroad com
panies, as soon as they cross the border,
require twice as ninny Mexican dollars
to pay a given freight rate as they re
quire -of American dollars on American
territory, so that the freight rate in Mex
ico Mvould be .$100 instead of $800, ns
our "free silver accountant states it.
Moreover, interest rates are higher in
Mexico than in the United States, if
paid in Mexican silver dollars, and more
over the interest would have to be paid
on twice the number of silver .dollars bor
rowed by the American farmer, so that
even supposing the rates of interest
to be the same, the' 11 mount of interest
would be double, raising it from if 2(10 to
$400. Moreover, the equivalent of $40
taxes paid by the American farmer
would be $80 in Mexican dollars, so that
the account of the Mexican farmer, thus
.corrected, would stand us follows:
5000 bushels at $1.12 per bushel $5,600
Expense 2.00O
Freight l.tioo
Interest, : '400 .
Taxes .- 80
4.0S0
" . - $1,520
Reducing this to gold, as in the original
statement, the net profit of the Mexican
farmer would lie $700. exactly what that
of the American farmer would be. This
is a fair specimen of the illusory and
deceptive statements put forth by free
silver men to deceive American farmers.
Bryan a Greenbacker.
Mr. Bryan is not so much a silvcrite
as he is a greenbacker. He said, on the
floor of the House of Representatives in
Washington, June 5, 1804:
"The issue of money by the govern
ment directly to the people gives us a
safer currency (than national bank bills)
and saves to the people as. a whole the
profit arising from its issue. When a
bank issues money, yon must pay the
market rate of interest to get it; but
when the government issues money, the
people sava the interest, if the money is
afterward called in; and they save the
principal also, if the money is kept in cir
culation." : He asserted that greenbacks "can be
u8id to pay the expenses of the govern
ment." The tariff on some of the neces
saries of life might be reduced, and the
deficit made up by an issue of money.''
Or, if this is not deemed advisable, "gov
ernment paper can be issued to pay for
special improvements; harbors can be
deepened and rivers improved in this
way." He introduced a bill to issue
$70,000,000 of United States treasury
notes, with which to inaugurate the con
struction of the Nicaragua canal. Ha
further suggested that "we can use any
available coin on hand to take up ma
tured bonds and replace the coin so used
with paper money." He introduced an
other bill providing in this way for the
payment of the $2."i.(M0.(H0 outstanding
2 per cent, .bonds. He did not stop even
at that point, but gravely proposed that
"government paper should be issued im
the place of national bank notes, as they
are retired."' His theory of the uitimat
redemption of government obligations,
as stated by himself, was that the larger
the issue of treasury notes, the smaller
will be the "coin" reserve required witb '
which to meet them. . By "coin" he ex
plainedpthnt he meiTnt both gold and sil
ver, wilfully ignoring the disparity in in
trinsic value between the gold and silver
dollar.
And this is the financier and states
man for whom honest and sensible men.
are asked to cast their votes, next November!
Bryan Shown to be Uncertain.
There is abundant proof that Mr.
Bryan is an insincere politician and an
unreliable adviser of the people. He
was a bolter in 1893 and in that year,
too. he made a speech in which he de
clared that the exchangeable value of -a
dollar depended on something besides a
congressional edict.
When Frank Irvine was running or
the Democratic ticke for judge of the
Supreme court of Nebraska Mr. Bryan
supported a Populist. Ill reply to a let
ter from Mr. Irvine, calling Mr. Bryan's
attention to his unox'iocted position, the
iiresent candidate for President on the
leuiocratic ticket wrote a statement of
his reasons for Isiltiug which contained
the following cool remarks and assur- .
slices of personal and peculiar esteem
for the Democratic candidate:
I regret that our people chose for slaughter
so deserving a man. They ought to
have selected some one of the numer
ous Democrats who are responsible '
for the falling oft of the Democratic
vote. I have spoken to yon thus I
frankly and confidentially, because '
I feel that you deserve a better fate
than the one which I fear awaits you
this fall.
During the extraordinary session of .
Congress of 1803, called by President
Cleveland.' Mr. Bryan made a sjieech in
which be declared that:
While the government can say that s given
weight of gold or silver shall conntl
tute a. dollar and invest that dollar
with legal tender qualities, it cannot
fix the purchasing power of the dol- I '
lar. Thar must depend upon the t '
law of supply and demand. I
If the number of dollars Increases '
more rapidly than the need of dol
lars ns it did after the gold discover- .
les or 1S4U tne exchangeable value of
each dollar will fall and prices rise.
Thus it appears that Mr. Bryan knewr
what the exchangeable value of a dol-
lar depended, on. His change of tune,
therefore, is not because conditions have
changed, but because he shifts his prin
ciples with the varying political breezes,
ami that he is willing to do anything for
office.
In the spring of 1892 Bryan declared
in a speech made by him on the tariff
question that the fall of prices must be"
attributed
To the Inventive genius that has multiplied
a thousand times, in many Instances,
the strength of a single arm and
-enabled us to do today with one man
what llfty men could nor do fifty
years aico. That Is what brought the
prices down in this country and else
where. At this time another change has come
over the spirit, of his white house
dream. He and his fellow Populists-,
ascribe the fnil in the prices of commod
ities o the fall in the. price of silver.
Mr. Bryan and his associates declare
that "the crime of 1873." which the
News has shown to have been 110 crime
at all, has pulled everything down with ,
it. .
How can the people believe a nnn
who thus stultifies himself and puts him
self ' on both sides of vital questions,
while, at the .same time, he proves un
true to his party associates? Buffalo
News.
The Irishman and the Potato Bus.
Mr. Tenney'g story at Madison of the
Irishman who swallowed a potato ling
and then a dose of Paris green, in this .
hope of killing the bug, is very pnt t
the political situation. The America a
workingman swallowed free trade in
1802, and now, to cure the misery which,
he has suffered ever since, the Pnpn.ist
quack doctor is trying to induce him to
swallow an unlimited dose of free silver.
But if the workingman takes it, he wi'.I
find, when it is too late, that the cure is
worse than the disease.
fT .,t-