Supplement
THE DALLES CHRONICLE
WEDXESDAV. .SEPTEMBER SO. 1800,
PERKINS OK SILVER
The Only Eli Tells the Hollow
Tale of Free
Silver.
flE SIZES UP THE SITUATION
Good Reasons Advanced for Being
on the Side of
Gold.
"Are you in favor of both silver and
Bold?" asked a Populist of Eli Perkins.
"Certainly," said Eli, "every civilized
. nation uses the two metals gold and
ilver but the United Mates is the only
nation that has coined as much silvv
as gold. We have been rank bimetal-
lists. We have stood by silver too lone,
We have coined JtUiL'iUWO.OOO worth of
liver and stilMi.COO.OOO worth ot cold.
"What have the other great nations
coined';" nsked the Populist.
"Why. they have coined less than half
as much us we have. ivnglana (un
united Kingdom) has coined nnd has on
band fll2.000.000 worth of silver nnd
S550.OOO.00O in gold: France has $49:$.-
200.000 in silver and !;825.O00.0OO in
Koldr Germany has only $215,000,000 in
silver and $02"i.0K).O(H) in gold; Russia
has only $4X.00O.OOO in silver and $4.J,
00.000 in gold."
"Then we have coined about as much
silver as nil of tbem together.'
"Not quite. These four great nations,
with a population of 240,000,000 people,
have on hand S87C.(M (0.000 in silver,
while we. with UO.000,000 people, have
4XE25.OtlO.000 in silver."
"Where is our silver now?" asked the
ronulist.
"Why. $50S.OOO.00O lies piled up in
the treasury. It is rusting in the vaults,
paying no interest, and dropping in
value. Carlisle is begging the people to
take it. freight free, but he can only get
S5fl.O0O.00O in circulation'. The people
won't have it. They sling it back to
the hnnks, and then the free silver men
jump np and cry, 'We want more silver!
They say, 'The poor people are dying
' lor silver, (join more:
"And how much of our gold is in cir
culation ;
"Why. every solitary dollar SG2I5.000.
OOO worth of it. The banks only hold
5128.000.000."
"You don't say the nation has no gold
at all?"
"No gold of our own. We borrowed
f 200.000.000 from a few Americans at
per cent, nnd spent that running the
government ana we ve got to pay it
- hark. Then Cleveland borrowed SCO.
000.000 more from the Rothschilds and
the English at' 4 per cent., while our own
people were crying for it at 3 per cent.,
and that we've got to return in gold.
To tell you the honest truth, this nation
has got just $90,000,000. worth of bor
rowed gold in the treasury. It isn't
ours. It is borrowed to prevent a run
on tne treasury, with $100,000,000 in
(told due the people besides. Oh. if we
had nought gold when we coined that
$508,000,000 worth of silver now lying
Idle in the treasury, as England, France,
Germany and Russia did, we would be
on top today. We wouldn't be the
.laughing stock of Europe then.
"Did England and the other nations
-stop coining silver?" asked the Popu
list. "Of course they did. They rang the
bell and put out tbe red light against
silver years ago. Since 1800 England
nan coined $140,000,000 in gold and only
fl4.000.000 in silver; France has coined
( 13,000.000 in gold and not a cent of sil
er, and Germany has coined $49,000.
000 in gold and only $4,500,000 in silver.
They have been hugging the shore, while
our miners and I'opulists have piloted us
Into deep water."
"How much silver Is there for each
person in the big nations?
"We have $9 in silver for each nerson
fn this country, but the people only take
70 cents. They kick $S back into the
treasury. England has $2.88 per nerson
Jermany has $4.35 and France $12, but
$9 of it lies idle and 4all silver coinage is
stopped, and their red lantern hangs
out.
"Some nations have free coinage," Bug--tested
the Populist.
"Certainly and look at thein condi
tion! They are bankrupt. Our silver
dollar is still worth 100 cents in gold
anywhere on eartu. But in the free coin-
ace nations, like Mexico. .Tanan. China
and India, where free coinage has bank
rupted tnose nations their dollars are
worth 00 cents. They have no gold
Gold fled with free coinage. It will do
so again.
"China has no gold at all you sav?"
"None at all. China has $750,000,000
worth of 50-eent silver, but no gold;
India has $150,000,000 in silver, and no
cold: Spain, wrecked by too free coin
age of silver, has $100,000,000 in silver
and $ 0.000,000 in gold, and Mexico has
ou,miu,uuu in silver and $5,000,000 in
cold."
"How much money to the person cir
culates in tnose rree coinage countries?
asked the Populist.
"China has $3.26, while the United
States hns $25: Mexico has $5: Tnrlin
$X33. and Japan $4. This is poverty for
Tnn .
"Who suffers from free
there?'
coinage
"Everyone. Every man has lost half
his wealth. A man in Japan, Mexico,
China or India who was worth $1000
Tniny years ago is worth $000 today.
The pay of the laborer has not been
changed, but a: man who gets 10 cents a
Aww : -il.:-.- T , ,,
vmuu, jupuu ur xnuia reauy
Sets 5.
"When I went to China," continued
Mr. Perkins, "my letter of credit called
for SoOvi) in American dollars. When I
pot there I found $10,300 to my credit
jn Mexican or Japanese dollars. Now
who has ever lost anything by the Amer
ican dollar? Not a man. It is as good
as gold. Our good government has put
jtold nnder it. But free coinage would
break the camel's back. It would bring
us to the level of Mexico and India "
"What would be the first result of
iree coinage?"
"AH gold would hide away. Then we
are now exporting annually $10,000,000
worth of commercial silver and selling
enough to make a dollar for 50 cents.
That is 32 to 1. The free silverites
want their silver coined like our coined
ilver, 16 to 1. and handed back to them.
"With the government paying a double
value for silver exportation would cease,
and the government would pay the min
ers $80,000,000 for what they are
now gelling for $40,000,000. Then
the output would increase. We
mined $82,000,000 worth of silver
9a 1892. In 1896 we would mine
$300,000,000, with the price dou
Xled. .We would have to take it and
AND LABOR WILj AGREE
"I believe it is a good deal better
up the mints of the United States to
guarantee it legal tender with gold un
der it. It would" take $400,000,000 to
do. this 16 to 1. Can we do it?"
How about Mexican and India sil
ver?" asked the Populist.
"Ah, that would come to us like a
deluge! We have no tariff against sil
ver. It would Dour in upon us: 1.200,-
000,000 people would unload on 70.000.
000. There has been mined during the
last 400 veara $10,000,000,000 worth of
silver. The world mined $20!Ut5.000
worth of 50-cent silver Inst year. This
would come rushing in upon us. We
would be the dumping ground of the
world. We could not coin it. and w;hen
we stopped our guarantee all our coined
silver would fall back from 10 to 1 to
32 to 1. We would have the 50-cent
dollars of China and Japan, with no gold
in our treasury, nnd be the laughing
stock of the world."
Well, who would be benefited by free
coinage?" asked the Populist.
Well, no one but the mine owners.
There are 8000 of them. Their work
men are paid in silver, paper or gold
dollars worth 100 cents in gold. The
mine owner is working for silver
worth 53 cents. The farmer is getting
money as good as gold for his wheat
and cotton now. With free silver he
eould get no moro for his produce nor
no . better money than he is getting.
And, by and by, if we went on coining
silver ad libitum, silver would go down
like the old greenbacks in lob.. 1 hat
went down to 35 cents on a dollar.
while gold stood still. You could buy
wheat then for S2.50 in greenbacks or
85 cents in gold. You could buy a farm
in 18i3 for $00 an acre in greenbacks or
$20 in gold. Do you want that to occur
again?"
The Populist was silent.
I
"Poop Man's Money."
Among the transparencies carried by
the shunters for Bryan atv Des Moines
Friday evening were some bearing the
words, "Silver is the poor man's money,"
V ote for the poor man s money and A
200-cent dollar is a dishonest dollar."
Such sentences show the drift of the
public mind and reveal only too plainly
that with many people the silver ques
tion is one of prejudice rather than one
of reason. What is the meaning of the
phrase, "Silver is the poor man s mon
ey; We doubt very much it tne man
who carried - that transparency could
have given an intelligent unswer. Under
present conditions u silver dollar of the
United States will buy just as much nt
home or abroad as a gold dollar. It
makes no difference to the workingman
hether he receives his weekly wages
in gold or silver coin. The amount of
goods he -can purchase is the same. Un
til the agitation of the silverites drove
the gold of the country into hiding places
workmen were often paid in gold and
when this silver craze is squelched they
will again receive gold as a part of their
wages.
1 here is one way, however, in which
silver can be said to be the poor man's
money. In those countries where the
coinage of silver is unrestricted the wage
earners are emphatically poor. A list
of those countries is printed in another
column this morning and the wages paid
to skilled and unskilled laborers given. As
was shown by the well-authenticated let
ters from Mexico published in the Re
pultliean on Friday and Saturday the
price of the necessaries of life in these
ountnes is double the price paid in the
United States. Is this "the poor man's
money" that the wage-earners of the
United States are to vote for.' Are thev
willing to sink to the level of the Mexi-i
can peou or the coolie of India? If so
the way to do it is to vote for the free
and unlimited coinage of silver. If a
free coinage law such as is contemplated
by the silverites be passed, one of two
things must happen. Either the silver
of the entire world must be lifted to a
parity with gold or the silver dollar of
the United States must sink to the level
of Mexico and other silver countries.
n that case the wages of the workinir-
man will be cut in two and he will in-'
deed have cause to talk of "poor man's
money."
Why should not the laborer continue
to be paid in good money? Cedar Rap-
lds itepuDiican.
Who Control Silver Mines?
"Does Wall street own or control anv of
all the silver mines ot this country? If so.
what is her object In being go still about
It?" H. J., Dresden, Kan.
You seem to think Wall street is a
woman. We doubt it tne majority of
the Populists who talk so glibly about'
Wall street know what it is. The
United States , subtreasury in New York
is on Wall street; so are a number of
banks and brokers' offices. When prop
erly used "Wall street" is simply a gen
eral name for the dealers in New York
in stocks, bonds and other securities. ,
The silver mines are owned by cor
porations, and their stock is dealt in by
New York brokers, the same as other
stocks. "Wall street" is not keeping
still about it: The fellows who are
keening still are the great silver barons.
who are pushing free coinage, and spend
ing money like water to make it win..
They don t want the voters to know
that free coinage at 16 to 1 would, by
putting tne country on a silver basis,
make the value of the dollar denend
on the market price of silver bullion,
which they, by speculation, could run
np or down, and really put the entire
money or the country at tneir mercy.
Toledo Blade
to open up the mills of the United States
the silver of the world." Wm. McKinlty. .
BRYAN CHEAP DOLLAR
His Sole Aim is to fieduce the
Value of the. Monetary
Standard.
BASES HIS ARGUMENTS ON IT
Claptrap by Which the Orator Seeks
to Capture Foolish
Voters.
Mr. Bryan's "informal" speech accept
ing the nomination for the presidency
was carefully written beforehand, and it
took about two hours' time to deliver it.
It can hardly be necessary, therefore, to
wait for his "formal letter" in order to
learn his views im the issues of the cam
paign. The most of his long and prosy speech
is devoted to .what he calls "the para
mount question of the campaign the
money question." Ami as this is in fact
the real issue other parts of his speech
may be disregarded, or at least comment
on them may he isistiMinod.
In discussing the money question Mr.
Bryan assumes at every step that the
standard dollar we now have is too valu
able. That assumption lies at the bot
tom of the whole argument. He com
plains that the dollar is too dear, and
that it is growing dearer; ami to this he
attributes nil our economic woes, real or
imaginary.
As a remedy he proposes something
which he calls bimetallism, but which,
so far from that, is silver monometal
lism. He has much to say about bimetallism,
declaring that no party opposes it, but
what he really proposes is. in his own
words, "'the immediate lestoration of
the free and unlimited coinage of silver
and gold at the present legal ratio of It!
to 1 without waiting for the aid or con
sent of any other nation."
Thas is to say, he proposes to permit
anyone who has sixteen ounces of sil
ver to take it to the mint and have it
made into as many dollars as are made
from one ounce of gold, or $20.67.
He proposes this when he knows, or
may know "by referring to the published
quotations, that sixteen ounces of sil
ver are worth only $11 in gold. He
must know that an ounce of . gold is
worth in the market nearly twice six
teen ounces of silver.
What he really proposes, therefore, is
to substitute the silver dollar for the
gold dollar as our standard, and to make
the substitution because the silver dol
lar is cheaper.
Indeed, he virtually admits this at- al
most ever' step in his labored argument.
All his arguments addressed to farmers,
to men who work for wages, to holders,
of insurance policies and so on virtu. illy
admit that he proposes to substitute a
cheaper dollar as the standard.
He tries to conceal the admission by
talking about a "rising standard." and
talking about "influences which are now
operating to destroy silver in the United
States." But while the attempt is a droit
it will not succeed.
We have no "rising standard." We
have the same standard that we have
had in all coin payments for sixty-two
years. An ounce of gold may exchange
for more of commodities in general than
it would twenty or thirty years ago. It
may, and probably does, go farther in
paying the necessary cost of living. But
it will not go further in paying for lalor.
Its value measured by the labor stand
ard is less than it was years ago. A
man can earn more of it by working the
same number of hours. If, then, he can
buy more with the ounce of gold he is
better off in two ways: He gets more
gold for his labor and he gets more of
the necessaries and comforts of life for
his gold.
There are no "influences operatiug to
destroy silver in the United States."
We now have at least ten times us much
silver serving as money, including uctunl
coin, its representative certificates and
Sherman notes, as we ever had when
the coinage of silver was free,
v There are no influences operating to
destroy one dollar of this mass of silver,
amounting to about $550,000,000, or
about $50,000,000 more than gold, esti
mated td be in circulation.
The simple truth is, and there is no
use in trying to disguise or hide it, that
Bryan and the men behind him are en
gaged in a desperate attempt to lowex
the value of the dollar. If that is not
what they are after there is not a gleam
of sense in Mr. Bryan's speech.
It is true that he says, "We helieve
that a silver dollar will be worth as
much as a gold dollar." It is true that
he says, "I am firmly convinced that by
opening our mints to free and unlimited
coinage at the present ratio we can
create a demand for silver that will keep
t ti .1 nrino nf fiilvai liiillinn at M 'XI nnH
ounce measured by gold."
But if Mr. Bryan is firmly convinced
of thnt, what is he making all this ado
about? The dollar would still , be as
dear as it is now, and it is the dear
WITH HIM.
to the labor of America than to open
Chicago Inter-Ocean.
dollar, he says, that has brought down
all this alleged calamity upon us.
Nobody but the mine owner would be
benefited if silver should go up from
68 to 129 cents per ounce, and we can
hardly suppose that -Mr. Bryan is run
ning this silver crusade for the sole and
exclusive benefit of a handful of million
aire mine owners.
His whole argument is for cheaper
dollars if it has any sense or point nt all
He entices farmers to join in the cm
snde by suggesting that they can pay
tneir dolus easier with cheap dollars.
He is like the unjust stewurd who said
to the debtor who owed his lord a hun
dred measures of oil. "take thy bill and
sit down quickly and write fifty."
He tells the wage-earners that it would
be a good tiring for them to get their
pay in cheaper dollars and that in some
roundabout way cheaper dollars would
give them steadier employment.
He tells the holders of insurance poli
cies that it would be a blessed thing for
them to have their losses paid in cheaper
dollars, because the conioanies would
lose more than they (the policyholders!1
woum, nie aggregate or premiums ex
ceeding the aggregate of losses, and the
premiums being paid in cheaper dollar'.
He tells the depositors in savings
banks that it would le a nice thing for
them to draw out cheaper dollars than
they put in because if they don't they
may not be able to draw out anything,
or they may find it necessary to draw
out all their money to meet livjng ex
penses. By such puerilities lie seeks to induce
people to swallow the free silver pill.
But we observe one strange oversight.
Mr. Bryan did not cx.iluiii how cheaper
dollars would benefit pensioners. lie
might have told them that they could
more than make up their loss by dead
beating their landlords and butchers and
grocers. But he lost his opportunity.
Perhaps he will attend to that in his
"formal letter."
When it comes to that he may think
it best to make it a little clearer, if he
can. how workinguicn. policy holders, de
positors in savings banks and investors
in building and loan associations would
be benefited by getting their pay in dol
lars worth anywhere from 10 to 50 per
cent, less than the dollars they are now
getting, or the dollars they dcimsited. in
vested or paid in ircuiiums.
There is ground remaining to be cov
ered in thnt "formal letter." though the
"informal" speii-h was two hours long.
Chicago Chronicle (Dem.J.
Iticli and the Poor.
Here now conies up this thoroughly
un-American question of the rich against
the poor. Some criticism is already lev
eled at this movement because those en
gaged in it are represcntatives'of proper
ty in their resjiectivo localities. It is
characterized as the rich man's move
ment. Property is banding together to
carry its ends, and those ends are inimi
cal to the wage-earner anil the farmer.
This simply is criminal nonsense. There
is not the slightest warrant in reason for
any such statement. The paramount is
sue of the campaign is a -business issue.
It relates to the very life blood of busi
ness whether that blood shall be puri
fied and kept pure, or vitiated and im
poverished. Surely that proposition
reaches nnd interests everybody. And
another point. What authority" is there
for the assumption thnt in moving iu his
own interests the business man is'mov
ing against the interests of other men?
Under a free government all interests
are allied. Tin- business man cannot
prosper if the wage-earner and the farm
er do not. It is impossible. If the crops
fail and the mines and factories are idle,
so that the farmer and the wage-enrner
have no money, how can the merchant,
or the banker, or the manufacturer
thrive? Where is business to come
from? On the other hand, if times are
good and confidence prevails, all feel the
benefits alike. Not all in equal degree,
of course. That could not lie. That
never has been. Thnt never will be. But
to the extent of their stake in the game,
when the winnings are large, the farmer
and the wage-earner get flieir share nlong
with the business man. Washington
Stnr.
Japan and Mexico.
"If sliver Is such an nlinminable cnrsp.
why are Jnpnn nnd Mexico booming with
prosperity?" J. K., Amber, Mich.
No one says that silver is an
"abominable curse." The project of go
ing to the silver standard is one which
would bring on an era of panic ami
financial disaster; but to say this
project is hnd is not to say silver is n
"curse." Try to apply reason to the
subject, not prejudice nnd emotion. The
question is a plain one of business and
only common sense is needed to settle it
rightly.
ion say Japan and Mexico are "boom
ing with prosperity." How do you
know this? Prosperity is an extremely
relative term. In both countries the
wages of the working class are so low
tbat an American workingman would
deem them starvation wages. He could
not live. Mexico is far more prosperous
than she has been for many years, but
it is because, nnder President Diaz,
there has been peace. The country has
not been the scene of chronic revolution,
ns it was up to a few years ago. Wages
are very low, and manufacturing is
profitable. Japan is just adopting the
use of machinery in manufactures, and
is yet far behind us in everything.
Toledo Blade.
TALKED TO VETERANS,
Survivors of the Twenty-third
Ohio Eegiment Journey in a
Body to Canton.
M'KINLEY AND HIS COMRADES.
The Major Makes a Speech Which
Rouses the Old Soldiers to
Enthusiasm.
Two hundred of Maj. McKinley'g old
comrades in war called at his home on
August 12. They came from Cleveland
principally, but many of them from dis
tant points. They were survivors of the
Twenty-third Ohio Volunteer infantry.
The regiment was famed for its war
record, the number of its hard-fought
battles, including South Mountain. An-,
tietam and lien. Shermans many bat
tles iu the Shenandoah valley in '04; for
the number of its killed and wounded.
and also for its great men noted in
war and civil life.
Of the field officers only two survive
Gen. William S. Rosecrans of San Fran
cisco and Gen. Russell Hastings of the
Bermuda islands.
The scene today was a touching one.
Mrs. McKinley sat in the hallway near
the porch, from which the major re
sponded to the eloquent greeting given
him by Uapt. .lonn s. J'ilen. mayor ot
Willoughby. The old soldiers cheered
and the old flag waved with every burst
ot applause. Uapt. JMIen told ot il-
liam McKinley as a private soldier, say-
ing in part:
Comrade: Wo have assembled here
today from all parts of the union and
rrum many vocations iu iiie iu cuiigriuu-
late you, our comrade in arms, on your
nomination as a candidate for the Presi
dent of the United States. I remember
that Co. K had one member, very youth
ful in appearance, so much so that Cant
Robinson of the Fifth infnntry made
some inquiry as to age and consent of
parents.
.bager Tor the rray,
The answers of the recruit were t-o
prompt and so decisive and his desire
so very modest, and asking to be en-
roiled as a private, mat tne omcer witn-
out further hesitation administered the
oath and W llliam McKinley. Jr., at the
age ot il, was maoc a iuii-neugei pn -
vate soldier in the Union army. (Grent
nppiause anu xnree cneenj ior .ucn.ni-i witn you in mat great uivu war. Ap
ley.) platise. I bid you welcome to my home.
Then away to the hills and mountains You .already have mv benrt: von have
of West Virginia, where we fought nnd
skirmished the summer away, meeting
and deteating tjonreoerate lien, j- ioyu
at Cnrinfnx Ferry. September 10, imil.
in recognition or your iiravcry, ei-
nciency anu nuemy to uuiy. you were
in April. 18(!2. almoin ted to the commis
sioned staff commissary sergeunt. 1 nose
of us nresont whom vou then served un
ready to boar testimony to the very
marked improvement and regularity of
service in this one branch of military
life. If from any cause tbe coming of
the supply trains were delayed and ra
tions were short. "Mack" did the next
best thing nnd made a requisition on the
country round about. At a later day
your gallantry and fidelity secured your
promotion and assignment to duty on
the general staff. But whatever the dis-
tinction or disparity in rank you always
retained dose touch with the boys who
were your first associates m army lite.
Jn conclusion let me say that the spirit
of INtil is not dormant: that, as we went
shoulder to shoulder in the defense of I raise, nnd the yield is light nnd uncer
our country, so now with willing hands I tain; but we are great on corn. Make
and united voices we stand for our conn-
try's honor and for our country's flag.
1 hirty-hve years ago you stood witn your
omrades as a private soldier m the great
rmv which was contending tor national
ife nnd national union, today you arc
:he chosen lender, ntit of a mere party.
nit of the neonle. contending for law
Hid order, national nonor una tne in-
notability of the public faith. 1 our
ild comrades are with you now as then.
yve stand shoulder to tionlder now as
llien. W e rally about you and the glori-
nns banner vou now carrv with our old
live and loyalty, and declare with you
Hint "the inoiiev of our country must be
is sound ns the Union and as untar- I
aished ns its flag;" With an abiding
jiitli in the virtue, intelligence, honoi I
4 nd iliscriminntinir judgment of the I
American neonle. we again congratulate
vou and bid vou tiodspeed. it. rent up-
iilauso and cheering.)
Happy Reply of Mr. McKinley.
When n storm of applause had sub
sided Mai. McKinley responded:
' Capt. Kllen and My ('omrades "f the
Twenty-third Ohio: tins can ot tne sur
viving members of the old regiment with
which I served for more than four years
nt mv home is a most gracious .let on
their pnrt. and brings to nie peculiar and
special gratification. As I look upon
this little body of men assembled about
me. nnd remember that ' this is but the
remnant of the old 1 weiity-third mat.
thirty-five years ago, had 1010 sturdy
vonnir men on its roll ready for duty.
iind that it was twice recruited to the
total number of nenrly 22(K. that here
is gathered iiossibly less than TOO. and"!
mat is one-rourtn or ine surviving in-
hers of our glorious old regiment. I am I
vividly reminded now rapnny tne jonrs
are passing, and with them are passing
our old associates ot the war. the sur
vivors are scattered through twenty
four states of the union. Some of our
members are in the territories. One of
them resides on the other side jf the
water. But wherever they are. and in
whatever vocation they may be engaged,
they all love the old regimental organiza
tion which is the proudest thing to thein
on earth. Applause.
We had. a great regiment; grent in its
field officers; grent in the character of
the rank and file that constituted it.
Our hearts go out with tenderness and
love, I am sure, to the first colonel of our
regiment. Gen. William S. Rosecr.ins.
to his distant home iu California. Great
applause.
We all remember his splendid tlisci-
Eline and gentle qualities. and we rem m
er with what pride we marched nnder
his command in West Virginia iu 1S01.
Tribute to SeaiumoD.
And we remember, too, thnt ether
regular army officer, that splendid sol-
Hier Gen. E. I. Scnnimon fcheersl
not the most popular man in the icgi- I
ment in its earlier days, for we thought
his discipline very severe nnd his drill
very hard, but after the battle of South
Mountain, Gen. Scammon was the most
popular man in the regiment. Ureat ap
plause. We knew then for the first
time what his discipline mennt and what
strength it gave to us on the baltleheld.
Nor can we assemble here as we have
today without recalling the third colonel
of the Twenty-third tjnio. wno was long
est with us, Rutherford B. Hayes. Great
cheering. He was beloved by'every man
of the regiment, and no braver colonel
ever led his soldiers to battle. Nor Stan
ley Matthews, the first lieutenant-colonel
of the regiment the great soldier and
lawyer. Applause. Nor can we forget
Comley, glorious old Comley. Cheers
nnd cries, of "Nor Mrs. Hayes." Nor
Mrs. Hayes, the faithful friend of the
regiment; and we have with ns today,
and we are all glad to see him, for I
remember in 1864, after his dreadful
wouud, we did not suppose we would
haiV him K-ith us' again we bavfr 'witH
ns today that brave soldier comrade, Col
Rilssell B. - Hastings. ' Applanse. I
was glad to note in th eloquent speech
of my comrade, " Capt." Ellen; thnt the
old Twenty-third Ohio stands in 180ft
ns it vtood in 18(51, for the country and
the country's flag. Great applause ami
cries "For McKinley. too." " Nobody
could have doubted that, knowing the
metal from which this old regiment was
made. My comrades, you are just as loyal to
country now as you were loyal to country
then, and as you stood from 1H01 to ijHH
for the preservation of the government
of the United States, you stand today'
just ns unitedly for the honor of the
government and the preservation of its
credit and currency. Cheers. ..
Protection and Hound Money.
I do not know what you think about
it. but I believe that it is a good deal
better to open tip the mills of t o Unit
ed States to the labor of America than
to open np the mints of the United
States to the silver of the world. fGrent
cheering and cries of "Yon are right."
Washington told us over anil over again
that there was nothing so important
to preserve ns the nation's honor. He
said .that the most important source of
strength wns the public credit, and that
the best method of preserving it was to
use it as sparingly ns possible. No gov
ernment can get on without it nnd pre-'
serve its honor. No government is great
enough to get on without it. In the
lurkest days of the revolution, Robert
Morris, its financier, went to one of his
friends in Philadelphia after he had in
volved himself as a debtor for a large
sum of money on account of the gov
ernment nnd said to him: "I must have
$'1.5(10.000 for the continental army."
His friend said: "What security can
you give. Robert?" He answered: ".My
name and my honor." Quick "came the
reply: "Roliert. thou shalt have it.
Applause. And from thnt honr: nntil
now the country's honor has been our
sheet anchor in every storm.
Lincoln pledged it. when, in time of
wnr. we iHMnol paper money. He said:
j,;V(,ry dollar of that money shall he
made us good as gold." And it was left to
Rutherford B. Hayes, your old colonel,
as President of the United States, to ex
ecute the promise in the resumption of
s-lM'cie payments in 1S7!. Cheering and
applause. When Robert Morris said
that they had nothing to give but their
honor there wns behind his word 3.000.
000 of struggling patriots. Today behind
the nation's honor are 70.000.000 of free-
i men, who mean to keep this government
I and its honor nnd integrity and credit
unquestioned. Great applnuse.J
I thank you, my comrades, for this
call. Nothing hns given me greater
i pleasure. Nothing gives me greoter
pride than to have been a private soldier
had it for more than thirty years. Great
cheering. It will give Mrs. McKinley
ami myself much plensure. I nssnre vou,
I to have you come into our home. fAp-
i puiuse nnu inree cneers lor .Mcivniley.J
THE WISE KAXSAKS.
How They Sought to Increase Their
Wealth by Legislative
Enactment.
F. A. Stillwell hag prepared a leaflet
purporting to give a history of pertain
events occuring near the close of the
Nineteenth century. It wus declared to
be a period of depression, during .which
it occurred to the wise men of Kansas
I that they could legislate themselves into
I u III nonce. The governor assembled the
I wise men -and said:
I A Kansas policy for Kansas is the
I need of the hour. - W heat is hard to
I ye. therefore, a law m accordance with
I which sovereign nnd august statute corn
snail lie put upon n par with wheat.
i ney shall tie interchangeable, and the
price ot corn shall be the same as the
price ot wheat.
I J lie wise men passed the law as the
I governor had ndvised and all the neonle
i or tne state rejoiced, lor their cntis were
. tun ot corn. '1 hey could hardly contain
I themselves till the governor had snrned
I. the mil which. raised the price of Kansas
I corn irom i; cents to 4r cents a bushel.
All the people now felt rich. Thov
I bought many luxuries nnd tbe most of
them went in debt. Then the farmers
trom other states began hauling their
corn to Kansas. It seemed ns if the coun-
try was all corn and it was nil hendod
for Kansas. The neonle of Kansas took
their medicine that is. thev took the
corn nun gave up their wheat
The farmers from the other states
thought Kansas people were queer, but
they kept bringing them their corn. Corn
came in nnd wheat went out.
When the other states saw this vast
accumulation, the price of corn began to
decline till it could be purchased any
where except in Kansas for 10 cents "a
bushel. In Kansas the urice wns still
45 cents, which was the price of wheat,
but there were no buyers. When the
autumn came the Kansas people did not
have any wheat for' seed. ..Then they
sent to the neighboring states and im
plored, fanners to exchange wheat at a
Iinrity with corn. But the farmers said:
"We will exchange one bushel of wheat
for four nnd one-half bushels of corn."
"Our law." replied the Kansas people.
puis corn ana wnent at a parity. J hoy
are equal, for our wise men said they
should be." And the farmers reulied:
"Your wise men lire asses; let them eat
your corn. So the Kansnus went back
home and nil their people were iu de
spair.
I hen the governor again assembled
the wise men nnd said to them. "Most
consummate, picturesque nnd glittering
goll durned fools. There is but one
bigger fool than yourselves. It is he
who addresses you.
We thought we could bluff the ever
lasting law of supply nnd demand with
our statute. We tlinuglit we could leg
islate value into a thing and make our
people rich by a law. We jhought
we were patriotic. We were idiotic.
Let ns honestly acknowledge our as
sininity, repeal our fool law, get back
into line with the other states and imag
ine no more that we are wiser than the
whole world. Do this, and may we live
long enough to know that the other
states have ceased laughing nt our folly
and that our own state bus ceased curs
ing us for it."-
Then the wise men reiicnled the law.
but it was ninny years before the neo-
pie recovered from the effects of the corn
scare.
Questions for Wagearnoro. ,
History teaches that in nil cases where
the cost of living has suddenly increased
as a result of depreciated money wages
have invariably been the last to respond
to such conditions, uoes anybody be
lieve that with 53-cent dollars as the
sole money of redemption the wages of
the 850,000 railway employes would be
doubled? Would the salaries of the
750.000 school teachers be doubled?
Would the wages of the C.0O0.0OO wom
en, and children who work in factories
be doubled? Certainly not. Galveston
News.
- To William J. Bryan.
Ton shnll not prod the sides of inbor
with roads of silver. You shall not im
pale the laborer's wife npon the prongs
of high cost and low -wage. Waterbury
American.