WHILE
SILVER
FALLS
Supplement
THE DA LLES CHRONICLE
LIARS MAY FIGURE, BUT FIGURES WON'T LIE.
RISES
WHEAT
WHY
WEDNESDAY OCTOBER 2S, 1S!MJ
WHV BUSINESS SUSPENDED.
A Bit of History Which Will Interest Ev: rj
Workingmaa
Workingmen who are wondering why
lie factories of the country are furnisli
. iug so ltti pmeolelmyatne B-i-' agsaisn
2ns so little employment and paying such
low wages will, perhaps, be interested iu
the following table which shows the val
ue of certain lines of manufactured goods
imported into the1 United States during
the first year of the Wilson law, com
pared wirh the quotations in the last
year of the McKinley law. It will be
seen that In every case the importations
increased enormously, and when it is re
membered that all of these goods are of
a class that can be manufactured freely
in the United States, it will not be sur
prising that the factories of this country
have been compelled to close down or
reduce the wages paid to their employes.
A comparison of the first calendar year
under the Wilson law is made with ihe
last fiscal year of the McKinley law, the
purpose being to place side by side the
importations of the two complete otticial
years which most nearly touch the date!
at which the Wilson law went into ef
fect: n
Kir
2 2B
-3
Z. S3
: 5o
ARTICLES.
ft 32 "
Manufactures of
rot ton $
Earthen and china
ware.
Glass and glass
ware
Iron and Htccl man
ufactures I .('ill her
loves
Silk manufactures.
Textile manufac
tures Tobacco and manu
factures Woolen goods
20,115,801
10,524, G08
7,520,803
25.055. 250
7.745.002
8.045.lii lit
31,058,0011
$ 18,883,741
6.870.437
5.21G.810
20.470.fi8'!
4.50.3.330
4.007.815
24,811,773
27,734,300 10,300,701
1 7.352.0(18
57,4'.H.8(i3
13.150,572
10.301.850
Total.
...222.257.112 $137,552,781
It will be seen that the total importa
tion of thpse ten classes of articles alone
In the first calendar year under the Wil
son law, were nearly one hundred mil
lion dollars more than in the last fiscal
year under the McKinley law. This
means nearly one hundred million dollars
sent out of the United States to pay for.
eign woridngmen. while American work
men are thus left without employment
and without earnings. Had these hun
dred million dollars been distributed
among the American workingmen in
stead of going to those of foreign coun
tries, the situation in the United States
would be vastly 'different to-day.
THE FREE RIOT PLAN K.
The attempt which is made in some
quarters to make it appear that what we
call the "anarchist plank" of the Chicago
platform is but a fresh expression of the
traditional Democratic view of "states'
rights" will not work. Tliat plank had
its origin solely in the brain of Governor
Altgeld a brain fired with resentment at
the suppression of the anarchist rising in
Chicago at the time of the great railroad
strike. To that anarchistic demonstration
Governor Altgeld had lent all the aid
which the aviwed sympathy of an official
in power could possibly afford. He had
calmly witnessed the seizure of railroad
and other property by the mob. He had
behold the flames mounting skyward
from burning warehouses and railroad
trains, fired by miscreants who sought to
reproduce at Chicago the horrors of the
Parte commune, with no effective step
taken to arrest the evil-doers. The entire
railway system of the country, passing
ilifough Illinois, was blockaded with
wrecked and stalled trains, bur this rec
reant governor. anxioiK only to curry fa
vor with the mob. refused to use lie pow
er confided to his hands and s;t the
wheels of commerce when once in motion.
Everywhere the anarchistic mob, though
no longer supported by the better element
of the striking railroad employes, seemed
to rejoice In Altgeld's countenance, as it
pursued its course of destruction.
But in stopping the passage of the Unit
ed States mails and in interfering with inter-state
commerce, the anarchists quickly
found that they had gone too far farther
even than Altgeld could sustain them.
The supreme power of the nation was in
voked. The injunctions of the courts
against the rioters were enforced, at the
I 'resident's order, by lines of gleaming
bayonets, and the "boys in blue," regard
less of Altgeld's remonstrances, quickly
set the trains in motion again, backed the
frightened but now reassured municipal
ities In the restoration of law and order,
and sent the anarchists, with their red
tiag, cowering to their dens before the tri
umphant unfolding of the stars and
stripes.
Governor Altgeld has never repented of
his cowardice and disloyalty on that occa
sion, but he has nevertheless "felt the
sting of popular condemnation and re
buke; and has longed for a "vindication."
In the Chicago Popocratic convention,
controlled by a multitude of crasy dema
gogues and visionaries over whom he had
a strange hypnotic influence, he found
his opportunity: and the "anarchist
plank" was adopted as an endorsement
of his course at the time of the Chicago
riots and as a condemnation of President
Cleveland's course In suppressing these
anarchistic orgies.
Thus, out of the blighted, rotten log of
Altgeldian communism not out of any
historic Democratic tree was a plank
which a contemporary nas well denomin
ated the "free riot plank of the Popo
cratic platform sawed. Its adoption was
hailed by all the unruly elements of so
ciety with delight. All those who fancy
they see a prospective gain in the break
ing up of the established order of things,
who want to reap where they have not
xown, and fatten on what others have
earned; all those who want to substitute
the Ipse dixit of the mob for the processes
if the courts; all elements of unrest ev
erywhere, find their chief incentive to
working for the Chicago nominees In
that plank. For Bryan declares he. en
dorses "every word of It." The triumph
of a candidate standing on that platform
would embolden every anarchist to crawl
out of his lair; and on the first occasion
we might behold the scenes of the Chica
go riot re-enacted all over the land, with
no President in power daring to uphold
the males ty of the law.
tfrvnn tells the farmers thaz the price ot wheat
of silver; that the gold standard forced down the
wheat could not rise till silver rose; but the cold
been sinking and wheat rising.
McKinley to the Wool Growers.
Major McKinley made a telling
speech yesterday to the wool growers
of Ohio. It elicited enthusiastic ap
plause, and the sturdy wool growers
went home with unlwunded confi
dence in William McKinley as the
great champion of the people's cause,
and with an increased determination
to place him in the executive chair,
where he can do the most good for
the people and the nation. '
William McKinley has established n
permanent reputation for effective
campaign oratory. His set speeches
have always ranked high for excel
lence in lwth matter and manner, but
he has shown himself in this cam
paign capable of a versatility and fa
cility ' of popular eloquence rarely
equaled and never surpassed. While
covering a wide field of discussion,
taking up in turn every phase of the
difficult and complicated issues now
before the country, he has employed a
style of utterance and argument of
such transparent simplicity as to en
gage the attention and enlist the sym
pathies and convictions of his hearers.
His opponents have not been able to
find a single flaw in his armor. He is
dad in the impenetrable steel of an
honest cause and a noble punxise.
This was especially exemplified in
his eloquent and effective speech of
yesterday. The assembled farmers
will not soon forget these ringing
words:
"It was said that if we opened up this
country to the free use of the wool of
the world the farmers would be bene
fited. It was done, and with what
benefit you know better than I can
tell you.. Now they tell you that more
free silver'is the panacea for all your
ills. And you have the same money in
circulation now that you had four years
ago: but your wool-growers have not
got as much of it as you had then.
As free wool degraded your industry,
so free silver will degrade your mon
ey. You have already been fleeced by
loss on your flocks, and you don't pro
pose to be fleeced further by loss on
your money.
There is. a volume of meaning in
these few plain but pointed references '
to the relation of free trade and free
silver to the welfare of the farmer, j
The wool growers of the country can-;
not forget that they have lost about
$46,000,000 since the repeal of the Mc-j
Kinley tariff: X. Y. Mail and Express, j
lllmnn on Liberty,
I am the owner of the pitchfork, and
I want you all to understand
That when I open up my mouth
From North to South,
Or East to West
Whichever suits me best
You'd better heed
"The screed
That I
Let fly!
Down with the courts, I say!
What good are courts and judges any
way. Hey?
Courts are only for the rich
And sich
Old-fashioned fools as think that we
Can all have liberty
And still
Not be allowed to kill
And burn and smash
And thrash
When other people fail to do
As we.
The free
I mean the crowd that sides with me
Direct them to!
Throttle the judges! That is my oreed!
Stab justice in the back, and ltt 'or
bleed!
Hurrah for the day when every one
That's on our side may carry a gun,
And shoot
Down every darned galoot
That don't agree
With me! .
That's my ideee
Of liberty,
See! Cleveland Leader.
ONE DAY AT CANTON
Continued from Fiivt Page.
others from Rock Island and Moline, 111.,
and Davenport, la. Maj. McKinley said:
"You come from three states of the
mightiest .government of earth. You
come representing diverse occupations
and varied employments, but you come
with a single mission; you come with a
common purpose, and that purpose is to
manifest jour devotion to the great prin
ciples of the Republican party and your
determination to see that those princi
ples shall triumph on the 3d day of No
vember. "You come because, as your spokes
men have so well Haiti, you are interested
in the welfare ami prosperity of the
country you love, which you believe will
lie best subserved by a Republican vic
tory at Hie ensuing election, now only a
little more than three weeks away. You
have come because you believe in a pro
tective tariff. You believe in that great
American policy established at the be
ginning of the government of the United
States, winch nail tlie approval ot nearly
ail the early statesmen of the country
and of the first 1 'resilient of the United
States. George Washington; a policy that
has been pursued for more than half the
lifetime of the republic, and during ail
the period that it prevailed we enjoyed
the highest prosperity in every enter
prise" and undertaking of American peo
ple. You have conic here because you
are in favor of the supremacy of the
law and because you mean to maintain
a government by law and under the law.
Y'ou are here because you believe in pub
lic and private honesty, and because you
do not propose that any part of the pub
lic debt of this country shall be repudi
ated iu whole or in part.
"Y'ou are here to declare that every
(bligation of this government is as sa
red as its flag, and that obligation shall
be kept and performed. Y'ou are here
because you want m depreciating or fluc
tuating currency with which to do your
business. Y'ou are here because you be
lieve in an holiest dollar for an honest
government and for an honest man. Y'ou
do not want a dollar that is worth less
than 100 cents, for you were taught in
your childhood in these great states that
an honest dollar had 100 cents in it.
"My fellow citizens, the Republican
party is an inspiration and nil education.
I wish every man in this country might
read the first platform that the Repub
lican party ever made as n national partv
in 1ST(! in the city of Philadelphia. I
wisli that every young man might read
it. and I wish that every old Repub
lican might look up the old record and
recall it. It reads today more like an
inspired prophecy than the declaration
of a political organization. It declared
for the unity of the states and the indis
solubility of the American Union. It
declared for free homes, for' free lands,
for free speech, and it declared for a
protective tariff. It decreed that the two
oceans should be united by rail, the At
lantic and the Pacific, it ml every prom
ise that this great platform made lias
been kept. How glorious is Republican
triumph. There is not a page of Repuli
lican history that has been written in the
last thirty-three years that any lover of
humanity, any lover of liberty, any
patriot would strike from the pages of
American history today; not one. Y'ou
can trust the Republican party, for be
hind it is the great conservative force
of the country: behind it this year, as in
the days of tile wnr. is the great patri
otic heart of the country.
"Democrats and Republicans alike. I
thank you, my fellow citizens, for this
call. This is not a party campaign; it
is a patriotic campaign. It is not a
campaign for men: it is a campaigu for
our country. I thank yon a thousand
times for the long journey you have
made that you might testify your devo
tion to Republican principles. I bid you
go back home and say to all the people
that Ohio, this splendid old state of my
birth, will give to these great doctrines
of the Republican party an unprecedent
ed majority this year.
CLEVELAND AND ST. LOUIS.
Flag to the Nominee and a Floral Trib
ute to Mrs. McKlnlejr.
The next crowd occupied all the avail
able space around the little reviewing
stand. It was composed of commercial
traveling men from Cleveland and St.
Louis. They presented Gov. McKinley
keeps pace with the price
price of wheat, and that
facts are that silver has
New York Press.
with a handsome banner and a beauti
ful floral emblem for Mrs. McKinley.
The flag was presented by a 12-year-old
lad in behalf of the children of St. Louis,
while the traveling men were introduced
ns an organization largely composed of
Democrats but determined to vote for
McKinley and sound money. Mr. Mc
Kinley's response was as follows:
"I can turn either way this year and
find Republicans. (Great laughter and
applause.) It. is appropriate and in . no
sense embarrassing to me to speaK joint
ly to tlie people of Missouri ami Ohio.
(Applause.) There is one thing glorious
about our campaign this year it is na
tional in character and represents the
best hopes and aspirations of the Ameri
can people everywhere. Y'ou are all
commercial travelers, and whether from
Missouri or from Ohio, you have had
similar experiences. Y'ou leave your
sample cases at home now. If I should
talk a little longer and more directly,
my fellow citizens of Ohio, to my friends
from Missouri, it is because I more fre
quently have an opportunity to talk to
you than I have to them. (Great cheer
ing on part of the Ohioans.) I love my
old state (here three cheere for Ohio
were given at the suggestion of one of
the Missourians). the state of my birth.
I love the public spirit and splendid en
ergy of the people of our city on tht?
lake; and I have always liked Missouri
and nothing has occurred this summer
in St. Louis to make me change my
mind. (Tremendous cheering and waving
of hats.)
"I welcome yon all here to my home
and city. I welcome the commercial
travelers of St. Louis, the citizens of
Missouri, and I welcome the sound
money club of St. Louis, which is com
posed of men of all political parties, who
stand this year for the honor of tlie gov
ernment and the integrity of our financial
system. We are all citizens of a com
mon country. This year, as in all the
years of the future. I trust we have no
North, no South, no East, no West, but
union and union forever. (Great cheer
ing.) . We have hut one flag. too. like the one
brought to me by my young friend from
Missouri. (Maj. McKinley here exhib
ited a small flag, which was followed by
tremendous cheering.) It is the flag we
all love, and which we mean to transmit
1o future generations, unsullied and stain
less." Toaclislone Confidence Needed.
"Missouri, like Ohio, needs protection,
sound money and public confidence. Y'ou
have a hundred and fifteen counties in 1
your state, and I understand that there
is not a single county that does not pro
duce zinc. iron, coal or lend beneath its
soil. (Cries of "That's right.") What
you want is the touchstone of confi
dence, which will bring business activity
and send every miner with his pick to
dig out from the bowels of the earth
those treasures of wealth. (Applause.)
"We want in this country a tariff policy
which will supply the government with
sufficient revenue and protect every
workingman. Why. Missouri, away
back in the days of Thomas Benton, was
called the bullion state. Has she deteri
orated since then? (Cries of "No. no!")
Will the great commercial city of St.
Louis, with its intricate and delicate
threads of trade and commerce, vote for
a policy or for a party that will destroy
confidence, unsettle values, impair the
city's welfare, and produce panics of
unprecedented severity? (Loud cries of
"Never!") I do not believe it will. (A
voice: "We will give you 30.000 major
ity in St. Louis." followed by great ap
plause.) A friend from Missouri savs
that Missouri will give our ticket 30.000
majority. (Cries of "No! St. Louis will
give you 30.000 majority.") What an
swer will Ohio make to that? (Cries of
"150.000.") Ohio answers 150.000. Tre
mendous cheering.) Thirty thousand in
Missouri is a greater majority than 150,
000 in Ohio. (Cheers.)
"This year patriotism is above party.
Men love their country more than they
love their old political associations. Men
this year would rather break with their
party than break up their business. (Tre
mendous cheering.) I cannot imagine
anything that could happen to strengthen
the American union more than to have
the men of the South and the men of
the North come together and jointly ad
minister the government. (Applause.)
Let your verdict this year be for hon
est money, public security, national tran
quility, a protective tariff, and recipro
city. (Tremendous cheering and cries
of ""We will vote right.") And above all,
let there sound forth a verdict for this
Nation of law and order and its en
thronement in every corner of the repub
lic. I thank you all, and bid you jood
afternoon." (Great cheering' and tiree
cheers for McKinley.)
Great Natural Demand for the Cereal, but the
White Metal Is a Drug on the Market.
While silver for weeks has been drop
ping practically without interruption
from about 70 cents an ounce to less than
65 cents; wheat has been shooting up as
if it had wings.'
It is peculiarly interesting at this time,
when Mr. Bryan and the other soon-to-be-snuffed-out
lights of the free-silver
heresy have been cramming a variety of
pleasing fictions down the throats of
farmers, to call attention to the practical
ly simultaneous rise iu wheat and drop
in silver.
Probably the free-silver folk will say in
regard to the remarkable rise in wheat
about 11 cents a bushel in a month:
"What did we tell you? It's as clear as
daylight; everybody knows that free sil
ver will succeed, hence they are buying
wheat now, as it will go to a dollar at
least after Mr. Bryan's election. That's
why Europe is buying such quantities of
wheat."
Won't Work Both Ways.
If this is the free-silver argument for
the advance in wheat, wiy is it that Eu
rope is not buying silver at 0414 cents an
ounce if Mr. Bryan's election will raise
its price to $1.20?
Mr. Bryan's contention has been that it
was impossible for wheat to rise as long
as the gold standard prevailed. Mr.
Bryan knew as well as any of us that
he was lying when he said that. What
does he say about it now. His silence
on the subject is most expansive. Possi
bly he is racking his brains to account
for it, and it is probable he may get off
something equally illuminating as his ex
planation of the gold impart movement.
fhe fact is, this advance in wheat,
wholly due as it is to natural causes,
is a Running blow to the free silver
fallacy. It is useless to tell the farmer
that he cannot get loore for his wheat
while we remain on a gold standard,
when he is receiving 10 cents a bushel
more for it than- he was a mouth ago.
Considering that this has been one of
the stock arguments of the free silver
ites. it is well to point out again and
again just w.hy wheat has advanced.
It is all summed up in this: The crops
here and abroad have been short, the
total decrease for the world, according to
ALADDIN'S LAMP OUTDONE.
Increase in Value of Wheat, Corn and Oats Alone Estimated
at $175,000,000.
I Oct. 13. I Sept. 12.
Wheat. Dec. bus.
Corn. Dec, ban. .
flats, Dec. Ihim. ..
Hyp. Dec. tniri...
Barley .waiting..
Flax. No. 1, bus..
Clover, 100 lbs. ..
Pork, bbl
bard, per 1O0 lbs.
Kllm. per 100 lbs.
Butter, lb
Eggs, doz
Cheese, lb. ......
Potatoes, bus ...
Beans, bus
Beaus, bus
Hides; lb.
.70 $ .iMWs
.25& .21 H
.3tt .33
.36 .32
.76 .BR
8.25 6.00
8.50 6.57V4
4.8214 3.60
4.27! 3.27
.20 .15
.15 .13
.08 0..O8"4 .07 .07
.18 a .24 T .18 tt .30
1.0214 .824
1.05 .85
.0!) (it .0i14 .0814
. Americans are in the midst of a mar
velous era. Several hundred million dol
lars have been added to the value of
American products in the last .linety
days.' The magic of Aladdin is tame by
the side of the sober truth of modern
trade. The wildest dreams of the epos
ties of tint ism pale into insignificance in
comparison with the simple fact of to
day. Nature is making money for
Americans faster than any printing
press could do it. The rise iu the prices
of the - products of American farms
means the beginning of a prosperity tlmt
needs only the success of the honest dol
lar at the November election to guaran
tee its permanence.
Most of the chief farm products share
in the advanced' prices. Most of these
commodities are being exported in enor
mous quantities, and in exchange Amer
ica will get European gold. No one can
say truly how much has been added to
the wealth of Americans by the rise, but
a few figures will give the reader an ink
ling of the mighty force at work for
American, weal. Corn has risen 5 cents
a bushel, wheat 14 cents and iats 4
cents. Comiieteiit grain men estimate
that those advances have added to the
value of the holdings in this country on
the three cereals alone the following
enormous sums:
Com .
.1100,000,000
. &o,0o0.no0
. 25.000,000
Wheat.
Oats .'.
REPl'BLICAX CAMPAIGN POTPOCRI
18G.
(7m lie "Here' t to Good Old Wines, Drink JJer
JJoum.')
We want an honest dollar, so we do.
We want an honest dollar, so we do.
We want an honest dollar and for It we
will boiler.
If wo have to burst our collar
Now will you?
Free sllver'll never do, don't you see.
Free sllver'll never do, don't you see.
Free sllver'll never do, only for a shabby
few.
A repudiating crew
So they be.
Protection Is our cry, so It Is,
Protection is onr cry. so it is.
Protection is our cry, and we 11 shout It
loud and high,
For election it is nigh
So It is.
We're after Bryan's scalp, so we be.
We're after Bryan's scalp, 90 we be.
We're after Bryau's scalp, and we 11 make
him whine and yelp
After Piipullstic help
Don't you see?
Now, f.ewall he Is sad, down In Maine,
Now. Sewall he Is sad, down in Maine,
Now, Sewall he is sad, and Watson be Is
a""'- , , .
And It makes us awful glad
Out of Maine.
We'll vote for honeRt money, so we will.
We'll vote for honest money, so we will,
We'll vote for honest money not for Ne
braska's sonuey.
But McKinley and Hobart
So we will.
Judge F. J. Hamilton.
Sturgeon Bay. Wis.
BRYAN'S GREAT SILVER .TRUST.
Conspiracy of Multl-MllUoualre Mine
Owners to Bob the American People.
New York World (Dem.): The World
showed yesterday that some of the mines
nroduced silver at a cost of only 38 cents
an ounce. The cost in other mines
ranges upward to about 60 cents an j
foreign trade estimates, from last year
crop being more than 100,000,000 bush
els. Last year the total crop was more
than 535,000,000. This year Thomas
estimates it at 435.000,000. The main,
loss has been outside this country, so
that the demand for our wheat abroad
has been' exceptionally heavy. Brad
street's reports total exports of wheat
and flour for last week at 4.215,794 bush
els (the largest -since September, 1883),
against 3.930.46(1 the week before and.
2.013,88(1 in the corresponding week last
year. Here is an increase over last year
of 1.601,923 bushels. In the month of
September we exported 1.511.727 bush
els; iu September. 1895. 10,113.897, an
increase of 5.397,830 bushels. This will
explain to everyone except chuckle-headed
idiots why wheat has. risen. .
No Manipulation.
There has been no manipulation about
it. In fact, the speculators have been,
positively dazed at the advance. Ale
other thing which has indirectly mad
wheat rise is the fact that the export
demand has been so heavy that
it has been found impossible to
send all that was required. All tW
freight room on European steamers ha
been engaged up to January.
The explanation of the decline in silver
is as easily accounted for as the rise u
wheat. Soon after Bryan's nomination
the free-silver shouters kicked up sack
a rumpus that speculators both here and
abroad thought there was some chanc
of his success, and silver advanced on.
speculative buying to about 70 cents as
ounce. It was not long, however, before
the holders became convinced that Bry
an's chances of success were hopeless,
and they at once began to get rid of
their loads. Consequently, as more and
more holders of silver saw that they
had paid a good price for a white ele
phant, and sickened of their bargain,
the price of silver gradually sank until
today it is quoted at 04 cents an ounces.
This is considerably lower than it wa
early last summer, when it was thought
improbable that the Democratic party
would come out flat-footed for the free
coinage of silver.
The day will come when Mr. Bryan,
and his ilk will learn that natural cause
alone govern the prices of all products.-
New York 'Press.
Appreciation on Other Prod net.
To these must be added an aggregated
appreciation of many millions on other
commodities. Pork, for instance, has ad
vanced from its low point by $1.85 a bar
rel, and ribs have advanced nearly e "
cent a pound. Lard has gone up t,jora
than $4 a tierce. Kye has been ad
vanced nearly 10 cents a bushel, flaxseed
15 cents and barley 8 cents. Cloverseed
has scored an increase of $3.25 per hun
dred weight.
The yearly sales of butter and eggs ex
ceed in cash value all the other products'
of the farm. "-Butter has advanced 23
per cent, and eggs 45 per cent. Tb.a
price of cheese has risen 25 to 30 per
cent. White beans are 45 to 50 per
cent, higher. Most of these products are
in active demand iu Europe. They are
Iiourir.g across the sea in such streams
that there is not shipping enough to
move them promptly. Even Australia
and India are sending for the good things
of the American farm. The seas are
covered with regular liners and with
tramp steamers flocking to America a
shores for the rich freightage.
Orchards Fall In Liine.
But this list does not exhaust the
names of the staples that have scored
sensational gains. The American or
chard is coming in for a share of the
good times. To the list may be added
California dried fruits, such as raisins,
prunes, apricots and peaches, which have
gained from 15 to 50 per cent, and are
still going up. Canned goods, such aa
tomatoes, corn and peas, now an impor
tant part of the world's food supply,
have shown material improvement in
prices. The average man may be blind
to the import of higher prices, because
of limited information. A slight ad
vance in the value of one or two article
in which he may have a personal inter
est may have little significance, and
when there is such a general rise as ia
now going on it requires a compre
hensive survey of the situation to grasp
the vastness of the addition to the value
of the products of the farmer. Chicago
Times-Herald.
ounce. As this silver is worth in the
market 66 to 67 cents an ounce the mar
gin of profit is easily seen to be a very
heavy one 10 to 20 per cent.
Moreover, some of the mines represent
no actual investment whatever. Count
ing "water" and, all, the Elkhorn mine
has a nominal capital of only $1,000,000.
It has paid dividends amounting to $1,
212,000. The Granite Mountain is nomi
nally capitalized at $10,000,000. It has
already returned in dividends to its
stockholders $12,120,000. Other mines
show enormous profits on investments
that are largely fictitious.
Yet the multi-millionaires who owa
these properties coolly ask the people of
the country to pay them incalculable mil-'
lions of additional profit by coining each
66 cents' worth of their product inte
$1.29 worth of legal tender money.
They ask the country thus almost ex
actly to double to them the market price'
of a product already so profitable that it
pays them millions every year to produce
it.
So far as they are concerned free coin
age would do precisely this. It would
enable them to pay a dollar of wages
or debt with 51 cents' worth of silver.
How far the process would enhance the
general value of the silver dollar no man
can know. But this much is clear:
Every penny of the advance, be it much
or little, must be paid out of the peo
ple's earnings, while every penny of the
difference between the new price of sil
ver and its mint price, will represent so
much of robbery from creditors and toil
ers. In brief, this great silver trust is a
conspiracy among a hundred or so multi
millionaire mine-owners to rob the pub
lic and to levy a tribute upon the wages
of everyone who works.
Is there any conceivable reason why
any workingman, any savings bank de
positor, any holder of a life insurance
policy, or any other honest man should
vote for this ring's programme?
EIGHT.