The Corvallis gazette. (Corvallis, Or.) 1862-1899, September 03, 1896, SUPPLEMENT TO THE Corvallis Gazette, Image 8

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    V
1 '
CTT7 W A Bl" Q AWN Wfl K D S
miDA'S SEJ1T0E OBCE TALKED
WISDOM. .
- . .
- '
. - i. n u hi naladed Follow-
""""" " " we country, which T would distribute itself
en May Learn the Inevitable Conseqaen- rg the laws of trade throughout
. , " the country.-January 28, 1K4. Congres-
en of Free Coinage. . : SSSiaisSSa. page 866. , ,
We hesitate whether we will give the
; laboring man a dollar which has purchas-.
log power enough to support him. We hes
fienator Stewart, of Nevada, waa not al- lute whether we will .atop the "pecula
wws tofhaSnVtoefree coinage of uon In gold in New :ork. VVe hes
Slro Uiat he now Is, as the subjoined, jtate whether we wul take , out of the
furnished by Dr. S. A. Bobinson,
nktor William M. Bte wart, of Nevada,
was an trncoi
gold standard
wTelectS senaTorin SsT and re-elected
during the three ..I1"""
under coiimaerauon. which was
r,i""0n7akeJon ttta
u fnr
the senate, and is said to have voted for
Its final passage. . ,
ocubuh " -'- 7. .
r-i . n a.jknrov, ai nnnmiuieuiT uuv v.
uie """-- de.
pass upon such "'"JL
fully keen and alert, and as a represent-
m suVSr Uuwany oSerT-e probabUity
of hta being ignorant of toy provision of
r?5"tAT.rfh7ntabUltT
it after it had been under coMiaeiwoa
from April 26. 1870, to eDruary .
and been debated until the tuscussion nueu.
In IRfiB. hla last term Closing xuaruu r iiw Tn tha first ouestion. "Does not the t hlh vaina. th f.rm uihn daatrad ZT" .v 1 1 .u 1 . v,
Vi7- . -f, fho rnlnaire act. i.m whether we shall be nonesi auu ::'. . . r T , ran unw u wimu u ii
more uu i TT".rCl T f '7a was nt hesitates- and the senators ap- o" oue .uiuuii to cnange nis piace 01 residence couio una Btlned every impulse of manly independ
!f5.nexnrL 1 tVlTX-mic and call Mmlt t'TtoZ"'! e-oe. to pons. to the call of our. coun
lumnof.weGlobeflsshtjtom
itwSr ra,he charge That
T . . . A. i j . tnn-Aj4ihla
. uiucuivrai
ate with English gold, it being Impossible
ate wiu iu6'
3HHnaiair
most determined land able aavo
fSstaMslni,,
tracts from peeohen made ,. w.1
alter we pas
prove. He said: "I want the standard
gold, and no paper money not redeemable
to gold."
Let everybody know what a dollar is
worth. Then the man who goes West to
buy produce will be under no necessity to
Insure himself against the fluctuations of
the currency. He can pay the tun vaiue
nf the wheat then without the fear that a
change to we price of gold will break him
down before he gets back to New York.
The wheat will be measured by the same
standard-gold-in IUinois as it is in iaver-
pool, and any man fuJU" WJ
now It is a mystery: the whole subject of
finance is a mystery; and what do we see
every day? We see those who devote their
attention to It maktag large fortunes out
of this mystery. Let us do as all the peo- Which was worth $1,328 an ounce in 1870,
pie of the world have been doing from the was, though falling steadily, still worth
beginning, measure our values by gold, $l.78 in 174, the year in which these re
adopt the standard that all can understand marks were made. Senator Stewart's sec
and get rid of this mystery. February 11, 0nd term expired as abpve stated, March
1874, Congressional Record, page 1392. g. 1875. In 1S87 silver had fallen tp 0.9782S
The question never will be settled until an ounce, and it is not uncharitable to
you determine the simple question , whether suppose that those having a commercial
the laboring man is entitled to a gold dol- . interest in it felt that they must do every
lar if he earns It, or whether you are go- thing in their power to improve the mar-;
ing to cheat him with something else. That
, i . . ii ..l.i. iktn rrha nan-
1 me upauui uj. mo
pie wUl hold right on to that, and they w 11
mm, to tha conclusion. I am entitled to
-. tost as good money as my neighbor,'' and
jjjothaiailyjthey will U flnaUy. come un -
"ft will get to be a big party. It was a
til It i
little party in England once, but It. grew
wonderfully. It has been a Jittie party in
this country occasionally, but under Silas
Wright.. Tom Benton and Calhoun and
others, It grew to be the party of the
country. The whig party had to adopt it
and put it into their platform to order to
get along at aU. Everybody had to say
that the laboring man was entitled to a
good dollar. That was fought over. They
wiu ngnt it over again uu wo i.i i. j
will win. There have been a great many
battles fought against gold, and
won every lime. Gold never ha
inst gold, and gold has
9"'?-
mlsad. . YOU .aV VOU have CTOt UD a COm-
J m -
promise bill on the question whether gold
shaH be respected. Gold has made the
world respect it all- the time. The Eng-
-llsh people once thought they could get
along without goia lor awniie, nut wey
had to go back to it. June 12, 1374, Con-
gressional Record, page 4909.
I do not care how much you discuss it
or how many resolutions you pass, tney ao
not make any ainerence; you must raran
-. .
to the same conclusion that all other peo-
pie have-that gold Is recognised as the
universal standard of value. It is the
measure mat must db useu. u aDie 10 suppose mm wubb mieraicu ance ef our national government, the en
measure by which your 'wealth must be would naturaUy turn to the attorney whose forcement of its laws and a wise admin
tested; and whether it be pennies or mil- remarkable ability, great energy and thor- istratton of Its business affairs. I think
lions matters not, it Is the measure thai ough knowledge of mining had been so wnen the representatives of a great po
must test all wealth. The wealth of the serviceable to them. . -- lltlcal party, like that which convened
United States is tested Dy tne same ruie.
It naa Deen ana always wiu ue wb uiukw
stone of measurement; and when you de-
part from that and try to figure up any
,h- Maaa-a whtah tha (irM doas not
recognise, - you get Into confusion. At-
tempting to reconcile them it is idle to
t.u, .hn.,t Tt I. Idle to talk about com-
r- - -- --- . ,
it; and it has been tried in almost every
civilised nation. Do not let us try
w aeceivB nw auwi,wi
US try IO maKC xaem wwwvb uj buui
nocupocu. of legislation that we can give
them something of real value, we can give
. -a .h.. that I. hattar
than the universal standard of mankind.
Do not deceive them to that regard. Let
them know the facts now.
I believe that it would be highly injun
mi. to this eoimtrv to strain Inflate the
currency. I neea not enlarge upon
' " - - ,
the evils of a depreciated currency. This
country has felt them too severely to re-
auire that I should mention them: It mat
ters not what kind of a depreciated cur
rency you have, it necessarily entails
many evils. January 23, 1874, Congres
sional Record, page 865.
I say a depreciated currency is attended
ZSnTll' .pXdneniTwt.
against it. in shipping grain, as was
Ulustrated. from Illinois to wverpoo ,
fn7uTePifWa?nTt
!5sure.. ."".n.8i??eJuS5aon rs
HrcharV
the grata la to remain to his .possession,
step uy ua n """'
Sucerdwecoumerwruto
agatostttem. Is it not a fact with a flue-
tuatlns currency that the value of wheat
ln Illinois is the price to Liverpool, less the
' cost of transportation? When you have a
depreciated currency you have not only
to take into account transportation, but
- yon have to take into account the tosur
' ance that every man who handles the
wheat will take against the change in the
price in gold constantly coming upon him.
It gives .speculators and middle-men a
chance to cut both ways and eat up the
consumer and the producer. But
suppose you adopt what the world adopts
-as the measure of value for your currency.
then what will you have? Then you can
faave all the currency which you have got
money to buy. You will nave sae world's
currency. Yon oan nave all tha money
then that yon have got the representative
of value for. xou can nave inflation tnen
promising on any ower measure vl hiuc, our currency to aDout one-uau s?i i prra- ail thouzhtful loval men to sever their re- . . , -; -rr-. - " 5. .f.5 r thi.
i2L-? -TanShTfhtr I-aJ."5 ZtJJl 5 Z SST tTt r.ryan' &&mS&
- on a sound basis. Sir ton want alone in disposing of th. profits, a. well When silver waVsed admission "to thi rvta ttsUta. noh'thtoJ 'raUornde "rktl
t .OUih-l0i!L ?Ll?L2Ll " ta. "le?1,1LaUn T5,taout kin- Ber nilnta. By what process has the vast KldW w&d'not vou"o?Brr ofSol.r,to,0about SowMof ThJ
country, and when you adopt th maasnre mission of Burone." pralriaa been nettled and turned into oul- and the whom thing was a nwlatU. sUver wkieh U la we various o titer ihanea
of value that the world recgnlxes you will
have sufficient mow to do the business of
the country wltH, the same as they-, do
anywhere else, because IX you have got
crops to move uiu ivu va s -.
money, the world will come to your aid at
once, but If when you have a depreciated
currency that drives all the rest out, thai
prevents your using gold, then you will
nave these same difficulties. If
..... .vti tha universal measure ot
value-gold-as your basis, then, your cir-
cutotion would be flexible, and it would be
much harder to make a "corner' on the
,hi nauntn. on the circulation ol
7. We hesi-
tate wheer the .profits of Jand saU
0f getting rich on your depreciated
"J?" L.T. tX hrin down the rate of
tZaClWBvMthr7't't'it ctoms. taxes and au puDuc
SrotSesdbSnesVanditiSthevery dues. It does not so accept silver dol-
: " , pphruirv 20 1871. Con-
thing we wanU-February W. m. v. n
r.-h,,nrt.nt to eet the
wa oji.b icwwvw m.w-.
- V. n furnish all
?h. m-nv that is necessary. They w"l
J SSUu I Is mluedtft a Juniry
?et .JBtt.Mneooie
,rh nurduaaid our re-
weve, with our
sources, I say there will be no difficulty
.bout getting uracieni -
why. sir. everywing we
measured by goio. xour greeuuww
to eik nnrprrai n iriML lub uuuuvm
i . mlHH amftn reaDS
fnha reward, while tie producer is
VUO "'"l w ,
a demand for gold by using it. In
- .ted
.if- n..m.nt has
Sold left EngW when she s.uo wea. irre-
deTtnbin ti the reaulaf sn
had to go bftck to the "fj111"" T
lore sne comu efV
tond w the same way. u have
legrislated gold out of your pountry-. In
vite it back, and forty million people wiu
set you all the gold you want. ou
wm have all the gold you need as a regu-
lator, as a basis for your currency, and t
come very shortly. The we Shall
naVe prosperity oasea upon a cernni..-
penty oasea upon a cfiwww.-
February 20. 1874. Congressional Record,
paKe 1678. -
These . quotations prove that Senator
Stewart not only thought the gold stand-
ard the best, put tnat ne neuevw
1, atnrLtls the
pr osperity of our especially we
farmer and working man
There Is one thing which we should per-
haps consider here, ana
ket for it.
nn.. ,,A-a-t- InnAtvl wara mnnh 'crraatar
i uiraiso", .. ,
than most people suppase,-and Nevada
was deeDlv concerned. A lew tacts wiu
ehow this better than anything else could
d0. From 1873 to 1878 the Bonansa mines
shipped $100,011,086 05 of bulUon,. and from
that sum paid dividends (proms, oi wm.-
140.0W. or wltmn a iracuon or per
0f the entire products of the rntae The
ConsoUdatedlrginia began payiw divi-
dends May 1874, and In 1877 had paid $35,-
640,000. The California mine began paying
dividends May. 1876, and to December, 1877,
inclusive, paid $21,600,000. Twenty Com-
stock mines in Nevada, other than the
Consolidated Virginia, . paid $47,223,000 up
io uecemmr, un, uuw ' mcu.
over $40,000,000 of it. Nearly aU of this vast
sum was taken from the Comstock lode, a
Vl?l"J ""J" loDg and
from 60 tO SOU feet Wide.
But this was not all of the money made
out of these mines; they increased their
stock from 294,300 shares in 1870 to 3,431,-
200 in 1877, and the profit made by the sale
or these snares ana Dy speculating ui uihu
was enormous. Silver mining Is the great-
est millionaire mill ever known.
please bear in mind that It was to Senator
Stewart's efforts tnat tne permanent set-
.. . . , ., . ,
tiement oi we Tines oi nearly au ui we
ereat
l"m "?'
and that he acquired a fortune In mining
and mining litigation. It is not unreason-
In 1887 Mr. Stewart was agam eieciea a
uzutea Dtaxes Koaiur, auu au oinm bwu
one of the most resolute, persistent and
successful advocates of the free and un
llmtaA iwfn.M n.f ailvar at tha ratio nf lA
to J, and Its unrestricted use as legal-ten-
der money, which would undoubtedly result
In .liver monometalism and denreciatlon of
-..C7Tirri.,..
gold, while its production had increased
from $81,800,000 coinage value In 1873 to
fwv,vw,4w mm amu. vv uivi4 w
as KiarmuiK to me silver muieowiiciB, iuc
Ruction 8 of gold had increased f rem
su,75U,uuo in 1874 ttne year in wmcn tne
that Senator Stewart insists that it is the
move uuana itum wb specuuea ii
only safe standard of value) to 130,81B,600
in 1892. These conditions stimulated the
owners of sUver mines to stiU greater
efforts to imnrove the market for their
product, and there being no other aavo-
i. T . ,
cats of their interests as able as Senator
Stewart, he was, in 1893, agraln elected a
United States senator.
Indeed tt Wat Unfortunate.
Pittsburg Times. -
the'seday' SST "deUvd hlf oi
f.-lll.hi. aeareratlon of i non word.
---- V" , 7 -" 7hV AiZZ
tog ourrurncy- would'" VrtogjorTnd
nrosneritv to the neonle. Major McKlnlev
satraj? ,rhic!f,a
,7,7. .t fTf hi. nw
lth ahnitt Eft elnnuent and nertlnant worrl.
Address.ng the comrades of the old regl-
ment of which he eras a boy private when
tha W nratnr wu. hut a vaar-nld ha ha
Major McKinley furnished an inspiring
keynote for the friends of protection and
sound money to this campaign,, when he
said: '
"I do not know what you think about it,
but I believe It is a good deal better to open
the mills of the United States to the labor
of America "than to open the mints of the
United States to the silver of the world."
, A Mighty Gift. '
St. Louis Globe-Democrat. .
Mr. Bryan said in his speech of accept-
ance that free coinage to this country
will bring the silver money of the world
un to the gold level. As this will
present of $4,000,000,000 to the "world,
question is, how Uncle Bam can go
GOV. McGONNELL'S LETTER.
IDAHO'S GOYERJOR SPEAKS
DSDERSTASDISGLY.
OUT
He Tells Some Plain Truths to the Publlsh-
er of toe Silver Organ at Spokane, Wklck
cr vi iitm "
May Be Belief ical to Them. - -
. - ment. -
- - ..." , in 1873 not one brick of the now baautl- .
ful city of Spokane had been laid. Where
- ' your courthouse stands today, the yelp- "Gentlemen of the Convention: I thank
BOISE CITY, Aug. 14. 1896. (Publishers ing of the coyote might be heard almost you most sincerely for this evidence of
Spokesman-Review, Spokane, Wash.) any night in the year. Yet, in less than your esteem and confidence. I cannot re
Gentlemen: notice in your issue of 20 years, which intervened between the aiize a man ever could stand in the
August 10 three questions proposed by Mr. demonetisation of silver and Cleveland's presence of a more thoroughly representa
C. W. Simmons, of Kellogg, this state, election, our city attained its magniti- tjVe and patriotic body of American citi-
wfliai7u unie uuuawc w . -
States accepts silver certificates to pay-
If waJ tru6i ,t wouId 4 sur. .
prising condition of affairs. A silver cer-
. . . i . n nn
UBw w merely a uruuuae
to pay upon
preeia.tioa ruim iwikto v.
dollars. Under your. Interpretaqor the
promise to pay would.be accepted by the
oastonis officers, but the payment itself
wYrwume j
presume you Intend to be fair, .
and alye correct answers to the questions
orODOUnaeQ to you. ,f y0U' wiU refer to
;.', , v.hn-,. -k. isng Wni And
j mi -r-i i j
- w , -
cohwge of the Standard SUver Dollar and
to Restore ItS Lezal Tender Character."
language Is as follows: .
i'ney snau oe a legal tenaer ax weir
nominal value for' aU debts and dues,
njt aansututional. because congress
constitutional right to enter into a pri-
vate asTeement or contract Which IS not
in violation of law. '
You wind up your answer as follows:
"Why Juggle further with this point?
Tbe facts could not be plainer. The gold
reserve is held in the treasury exclusively
iw n" 'wcmiiwu v
treasury notes, ic ih never paiu uui. i"
.),. - -iiirai. dollars or sliver ner-
,,n0, ,. .ii.,... rHmari
exclusively in silver dollars, and silver
dolJftr ae redeemed In .nothing. These
f nftve bem thoroughly established'
, leMer, and teieg,ams from the highest
ofRcMa ot the .tpewn?; Any
one who qUestions their correctaess can
Inquire of the treasury for himself."
,s tt- flr8t time such a Btate.
ment has appeared in your paper. The
Intent of the answer appears to be to
lead the public to believe that the present
silver dollar Is not a good dollar because
it Is redeemable In nothing.
Of course, a sliver dollar is not redeem
able in gold; why should it be? It is a
money of final redemption, - the same as
a $20 gold piece. Would you pretend to
say that a $20 gold piece is redeemable in
any othef money? Certainly not. Would
you pretend to say, if we restored the
. . ... .. . . .
Ifea antt Bnllmltea coinage OI Sliver, inac
Se .liver doljarn would be redeemable to
,,, . tha- -
trough the medium of some of yonr
. JgJJnSS, edUoii . -,' '-. - '
;- i think the time has arrived when every
cltiaea ha. a right to express himself on
this subject, and I think the public has a
, t "epect fair and nnequlvocal tate-
ment. newspapers so Jong as
tney undertake to answer questions.
In my judgment when the bolters from
the republican party and the populists
democrats claim to be the only silver
men , country, they arrogate a
fooi deal to themselves. Personally, I
nave always been an advocate or tne
... . unUmIted coinage of silver, and.
today. I believe that this nation alone
?ghfreysiore the white metal to its former
n-nnfa In Hntn, an wo anantan
(ul uuu. aa v uu . w w v v,iifcv
protective and - reciprocity laws. But I
am a blmetallst, not a monometallst, and
T believe that monometalism in silver
WOuld be even worse than monometalism
Jn gQ j Relieve that under the demo
ojatlc party no other Increased use of sll
ver can be obtained than that of mono-
metallam.
t do not agree with you or other so-
- t,
called silver men. that the free coinage
ot silver is the paramount issue. I be-
Ueve that the paramount issue to this na-
Uon te and always has been.the mainten-
ln Chicago and nominated Mr. Bryan
condemn the president of the United
States, he being a member of their own.
narrv fnr aunnrasslna tha China a-n rlnts
' , , ... . , ,
Mt judicial tribunal for rendering decisions
not In conformity with their neculiar
... Mi...i L i. .
. w i. .....c iu.
not be tolerated today by the humblest
piOWboy that guides his plow through
American sou. ana an insult to tnat nag
may be an directlv oxferM hv mrfn rhino-
. tf thrfsiaLt and nl
supreme court as by firing upon it in
some foreign port.
when tha raramor nf . tata iiw. th.
state of Illinois falls or refuses to uohold
lldnZX ofe
nresident to Internose and nroteot the
n-. a w. -i.i
M.ca vi ui Llia I
state, and see to it that the mails are not
interrupted. When the officers whose duty
jt is to enforce the laws in a county of
a state, fail ln the performance of that
duty, should not then the governor then
exercise his right? And what better right
uu m wurn, mo siaui iun.ii me
the president in one ot the states of the
natlon?
Then: who shall presume to sav to me
because I will not unite with such an
aggregation of individuals to unholdlnr
l4lnMaiM u
their vagaries by supporting Mr." Bryant
that I am not to favor of free coinage?
I refuse to be weighed to the balance with
such people.
The so-called "crime" demonetisation of
silver was enacted
gress ln 1873. What was the condition of
your now State Of Washington? YOU
ana 1 kn tnat was a vast expanse
of prairie, mountain and forest, but
sparsely settled. In all of Its vast domain
there was not one town worthy to be called
a city; there was not a mile of railroad,
except a tramway at the Cascades, and,
perhaps, the narrow gauge of Dr. Baker
between Wallula and Walla Walla and
I am not certain that even that was con
structed at that time.
T nnlr .mln t -....a haa..,t..t ... 1 -
it was four years ago when we were enter-
. h. -xa ,t.
which resulted to tte election of Graver
m.lSt Srw - ,k!r. h. a G,roJer
Cleveland. What a change had taken
nl,M1 Irnitilr, what m.rtiriaii'. nrn A
P'ace! . Inquire what magician's wand
hesi. answer. city. DUt au over your state, was neia r thai other niaa. of nttiahia crea.
W. Kanlrs trt thrflTtlft UB UMW1 jwu TV a vss - w tLUllS UilUCU . LIIB rOUUCilL UL JTULU W-ICJT HUV wtr nil Af Alll nnfTV. WA ATA ntre In mm.
be a m-nH aaV wnnM.1t I ,an til said ha did not iinriarstnnri It tn anv Atha. ' Annordinff to tha ISaat data available
naa loucneu inu uiBD&ia vour oeauriiui xjie situation. Deinir exDiamai rn mm na 1 11 1 1 v .
the. how it was possible that so much could waT than that each man now having a there is about $4,000,000,000 ' of silver coin
ra It l-IT- V .V.J.T..h"V S"rr " dollar would get 1 dollars for it if Bryan employed ln the world. The greater part
Uvated grain fields? Mr want nneelM of
enoourecement herve otuw sprang up like
magteT Bow has capital been obtained
to build such magnificent lines of railway T
Upon inquiry you will flnd.that.the re
publican party, which your columns now
so severely condemn, is deserving of the
credit for this progress. Through their
legislation, granting land to the landless.
tens ox thousanas ex nappy, prosperous
families occupy what in liatt was a wilder-
ness. The protection of republican legis-
lation by foe taring the lead mines, the
coal mines, the lumber Industry, the hop
inuustry. we wool waustry, we miimr
Industry, the barley industry, and every
other industry of your state, has made it
possible for such Hnpreoedented develop-
cent proportions, aiwougn nre,. witn its
wished to remove could dispose of bis prop-
erty. But November. 1882. arrived. The
rws was rhed, from one part of the con-
vnenx to tne ower tnat tne osmocrauu
trlumpned. tnat arover Cleve-
land waa elected. With bated- breath,
thoughtful men and women, in every
. , .
state ox tne union. Degan to.taia 01 we
probable consequences. Values of all
ciagses of property at once began to de-
cUne. until now. after a little over three
vaara nf damocratiA adminiatration. real
estate in your city, and everywhere in
vour .tata. will not iveraa-e over one-half
Iha nriT it waa whan Cleveland was
IT" r I. ,r 7u i
orthTmaWtaWcln oTyoux sta!
. .
w iuo uun m. uw '
especlaily your. city, are leas prosperousT
Tho mntn, r, la tha ,1U as vnn wall
ess silver In circulation,
or have we had during Cleveland's admin-
utration, than before, or nave we less
money of any kind? The monthly reports
8nould oast my vote for the representative
a P"' whose touch is as fatal to
tba blaeSB mteresU of this nation as Is
tha simoon of tha Afrloan desert to hu-
man life. Explain to me how the demon-
etisatlon of silver in 1873 brought the panic
0f 1898. Explain to me how it happened
tnat ti,e progress and development of this
nation during the years between 1873 and
tne election ot urover vieveiana were
greater than ever before In its history. .
In answering my questions, please do
not deal in vagaries or idle assertions,
What I say to you concerning the progress
of your state and the- nation cannot be
challenged. History is said to repeat
n.if .rt tha . h of .tin un
who remember a tone when ambitious
. men de8lr0us of holding positions In
the United States senate and house of
ZJJZJ?1
inf thenubllo oatronaKe of this nation, ar-
rayed one section ' against another, by
tne Df such opprobrium as "vile Yan-
kee," "black abolitionist," and other epi-
that, snooaadad' in aaflurlnsr the secession
qf ls'of the sisterhood of states from the
Unlon. In their efforts to fix slavery as
a permanent institution, and to establish
themselyes as as a "Southern aristocracy"
they deluged, this nation with , fraternal
blood, sacrificed the lives of over a mil
lion of the noblest and bravest fathers,
hrnthar. of tha land Tt maftars
T-S SfJ ,w M, "S!
the re-
""w" "'r . .
JS?? SSLl hrZ?hf on that
U"J?M ? i .
I ?" - - JBr.
' ylnV oneection of "the oountrv
Dn aryhV the wS and we South
bT' tttf muehT,The5
aa-alnst the East- How much of their
oamor u Que to ineir amoiuon is a suo-
Ject for -thoughtful men and women to
oonslder. As has been shown, the most
prosperoua and progressive times this
nation has ever known have occurred since
silver was demonetised. . Ask yourself,
JJl?,l1J I1, l".
Did this clamor for the remonetizatlon
Zt " uw' vVlXJS, . ',rl5 XZZ '
orfL?S,lnrtri
from the people, or the politician. Did.
it not originate with the ambitions of the
would-be senators or the state of .Ne
vada V Is it not true that when the Corn
stock began no longer to yield its divi
dends the property of Virginia City, in
consequence, began to deteriorate In value;
that then, and not till then, was the first
clamor raised for the remonetizatlon of
iniTOr w nan rnara wu a anamnn nr ia
. A." .rs::: . .
.tate took no thi im. and u Montana
?le0 Uw,,MnS; ?n tn
nF?n.Jm,
state took up the cry, and as Montana,
were ad
mitted, eaoh having silver mines, they
Joined with their neighboring states in
the interest of free coinage, hoping there
by to at least benefit their own constitu
ents. '.- s
Is It not true that when the democrats
came into power they assailed every In
dustry of the West? Is It not true that
Mr. Bryan was a member of the ways and
means committee of the house which re-
?Z,1 f 5? "o-cailed Wilson bill?
1 1 r, Y ' , w5n the bill was re-
Ported lead was placed upon the free list,
nl1 . . th nrndnnt nf
?ff, 1 5?i L Th
t J?!j ns wWc veT '8 "
.- J. 1 IZ. 111
V " -"-w
i.", Protection which lead
now enjoys?
Then,, if these facts be true, please ex-
?lam " your readers now we may hope
I a reY,va' or our industries and an
duIeTy Thelelon" o" MrBL,
"ce,.ry. tne electl? of .?Tn as
president.
W. J. M'UUMNlSLaU
Governor of Idaho.
puts vllle Courier-Journal.
The statement of Bland that ih. i.
not a dollar in the United States that Is
wi ur money is wnony untrue. Before
- a dollar of either silver or ' gold was
coined, a diligent inquiry was made as
to tha eommemi.i .i. i?Tr
ver in the markets of th. .h T.-.
. ' " w"-v -
son w. th. aaZ V V. J .
he" was' not" ashamed T o to ?ore"lgS
countries to find what a-ni .nt- vi
lion were worth. On this baala tha nria-ini
ratlo of gold and silver was esLbllsnad
The ovemet iJ nMaf'fi
else of an omnipotence which
did not
exist. It sought to find out what tha mat.
als were worth to the market, and to put
a stamp on them that would Indicate It
As soon as they parted company the law
was powerless to keep them in concur
rent circulation.
Chicago Tribune. - - .- -.
At a democratic convention In Eastern
lUah,aan a mo m a-n. ..a ,a I
tion indorsing a 16-to-l basis and gravely
stated that he was In favor of trhaMiiia
" Kovernment gave without price to
each man that now had one dollarf 16 dol-
iars, it would do for the present, and a
hi...... Ji..!.t.. i .1 , V .
higher division could be arranged later on.
THE NATIONAL DEMOCRATS
DEPEID TIE1B PARTI FROM ASSAULT.
.
-
. :
Things Said by Judge L. L. McArthnr in His
Address to the National Democratic Con
ventioa at Portland. .
sens. Every profession, every trade ana
its represent--of
this as
noticeable and
political agitators
nhaalxe our disaooroval of the resulU of
th Chicago convention, of its desertion of
democratic principles and iU surrender
to DODUllsm.
4he denic
The democratic party, by its history,
tdltlana and nolicv. has always advo-
tradition, and nolle, has always advo-
cated sound money. From the time when
- -
Jefferson created it down to the present
nour the true democrats of this country
have known no other orlnolDle and accent-
ed no other theory of finance. The Chicago
wmtuHin uti.fur in favn. nt tha f nw .
unlimited and Independent coinage of silver
7ZT,
and false ratio of 18 to l
7 :rxrr;rn.
to carry it into effect
" 1V T .
"1 anect'm diSS
our
disastrously
.
every wage-earner, as well as every indus-
. i t.lu tha ln,nlh anrf inin.
nf man ara dlanlaved. Instead of beln.
as Ks advocates claim, a panacea for
every ill that afflicts the state and the
individual. - It will destroy confidence In
ern the ebb and flow of the tides. Legisia-
tion is absolutely powerless to createVklue.
Whenever there Is a difference between
thaaammarolsl valneof a coin and ita value
as assumed by congress, you may depend
upon it, that its commercial value win
control, unless, as is the case in this coun-
try at this time, It Is coined on govern-
ment account, in such quantities only as
will not aisturo its parity witn goio. un-
der Independent and unlimited free coinage
the owner of silver bullion will be able to
take it to the mints, have It coined and
returned to him in coins stamped with the
dollar stamp, and containing 412ft grains
of standard silver. The government, has
nothina- further to do with the matter.
It wiU not be called upon to maintain the
parity of these coins with gold, and they
will never rise above the commercial value
Wf the hnlUan atSTZtiSt.
understsnd me; 1 do not mean to say that
silver will always remain at Hs present
commercial value: I concede that. If the
Chicago platform Is ever enacted into a
law. it will temporarily rise to value, but I
de. not believe, nor does the history of the
WOriq s nuances juauiy any one ui uenev
tog, that the gap between gold and silver
will be closed. Gold, following Oresham's
law, will flow out of this country, and we
wul have silver monometalism, pure and
simple. - - '
' "I am aware that many eminent and
many worthy men have the fullest confl-
j - .i , iiaa on n
limited coinage of silver will be beneficial
f to this country, and that the fears which
many of us entertain are groundless.
- Wan,Stlntrbe de-t
bided bybuse of candidates or of parties,
I shaU oe glad If
historical exai
d it some one wiu cue me to
n historical example wai can oe uui
So far aa I ajm tof ormed. I feel Justified
--j- that there is liot to the world
today, any nation of commercial conse-
quence that gives free and- unlimited coln-
age to silver. Before we are asked to
change our present financial policy, before
we are asked to turn our backs upon the'
principles of our party, have we not a
right to demand that we be pointed to
some country in which, the policy of the
Chicago platform has been successfully
and beneficially carried out?
1 am in lavor ot a nrm, unvarying
maintenance of the present gold stand-
ard. I am opposed to the free coinage of
silver as undemocratic and as fraught
with danger. I believe that the best in
terests of the people of these United
States, the people of the South as well as.
of the North, of the West as well as of
the East, demand that whatsoever they
earn by commerce, by trade, by agricul
ture, hv labor of all kinds, shall be Daid
. - . . . . . . . , -
in money ot tne nignesi stanaara anown
'Th. rhioaen
world.
The Chlcaeo convention utterly Ignored
that fundamental principle of the demo
cratic party which declares in favor of
the largest personal right and liberty ot
the Individual in his private relations, free
from governmental control. This it did
when Tt denied the right of Individuals to
make such contracts as in their Judg
ment would best subserve their personal
interests. It is a false theory of govern
ment and an undemocratic principle which
says to the citlxen, that you shall not make
such contracts as the exigency of your
business may demand, provided they are
not tainted with immoraUty. When it
refused to adopt a resolution protecting
existing contracts, it trod too near the
verre of renud at i
States shall preserve domestic tranquillity
and protect the lives and property of the
4 r.t. 1? i t 2.
.v.. , w. -
erclse ot an 'doubted constitutional pre-
rogative, after a recreant governor had
failed of his duty, acted upon this prin
ciple and terminated the Chicago riot.
For this he was condemned by the Chi
cago convention. Its condemnation of
his a,ctlon is revolutionary and undemo
cratic. "No officer of this republic is above crit
icism. The decision of any court on any
question is recognized as being the proper
subject for calm and dignified criticism.
No matter how much we may differ from
tne supreme court of the United States
in its opinions on public questions, no
party and no congress has a right to In
vade' its priroatlves Sr piss any law
wnicn enau bud vert it as one or tne co-
ordinate branches of the federal govern-
"lent. The threat to reconstruct the su-
Preme court because it declared against
?"tH.WP"itJ .J.he.-Ln.cm,, .5"
in uimviuwviHuu KUU ns V WIU LIU lilt iy, iun
.U.'. V." """"...f
Convention to theuTremV court should
be resented by every lover of his coun-
try. A court cannot be Independent which
U Llahle to he 'packed." in order to secure
.aff ?'.n-....T? ff??7 .
which contemplates the
commission of.
aucu an uuuage.
St. Louis Globe-Democrat.
Candidate Bryan, at the notification
meeting in New York, said: "We contend
that the free and unlimited coinage of
sliver by the United States will raise the
bullion value of silver to Its coinage value,
and thus make sliver bullion worth $1 29
ln gold throughout the world." The
Globe-Democrat has already pointed out
the Ignorance and absurdity involved to
thfa .Hnmntt.n YS aa It nlll ha wln.atul
by Bryan himself, and by scores of others
on his side, talkers and writers, between
this time and the election day, and as It
may impose on the Ignorant or unthlnk-
tog, to whom It is addressed, let us exam-
, 1 1. a m .i
toe at lenth,. and set forth Its folly more
on for me to follow.
has been estimated nt between $2,000,000,1
000 and e.000,000,000. Placed at the lows,
of these figures, the amount of silver W
the various forms in use in the world
amounts to K 000,000,000 at Its marke
value. Bryan's contention Involves thi
assertion that free coinage of silver bj
the United States alone would make thi
K 000,000,000 worth ,000,000,000. A simpli
statement of what this assumption mean:
reveals Its absurdity and folly. The "70,
000,000 of people" whom Bryan triumphant
ly declares the United States has. Is i
very large number, but it Is only a smal
part of the 1.200,000,000 or 1,500,000,000 con
tained In the world.
Ignorance or knavery, sometimes one
sometimes the other, and sometimes ai
admixture of both, have dictated attempt
at one time and another by various na
tlons to make bad money good, and al
have been failures. Bryan, of course
does not know enough of the flnancla
question to have read about this Ene
ush and French Bryanlsm of "the past
we will cite one or two American Illus
trations of this folly, which he may b
presumed to know something about, bui
the meaning of which he has evidently
missed. Between March - L 1878, when
coinage under the Bland law began, and
November 1, 1893, -the date of the repeal
of the Sherman law, the United States
coined In round figures $420,000,000 in
8taP?,ardJ. !SZet- dollars, and from the
J?lddle of 1890 to the latter date it Issued
1156,000,000 of Sherman notes, based on sil
ver bullion purchased by the government.
In fifteen and two-thirds years the gov
SJSISe,niJ,ur.chased silver enough to make
$676,000,000 of currency. What effect did
this vast absorption of sliver have on th3
K.S "JLS?6 metal? The market value!
ji iue grams oi pure silver in a dol
lar was 92 cents at the time that the)
iauiuiBc am oi 15(0 went into operation,
and it was down to BO nanta at th. nnA
Ing of 1S94, Just after the repeal of the1
Sherman law. Sixteen yearsr bulling ofl
the silver market by the government hadl
accomplished only this. Free coinage, to
be sure, was not In operation at any time
during this period, but the silver absorp
tion was on a scale never seen in any
other country in the world in any age.
In view of thta costly and humiliating
failure of the United States to check the
decline in silver, does Bryan suppose that
free coinaro wrmlri aon th. n.tT..
ffi cents. Its present quotation, to $1 297
NS reasonable being believes that he does.
New Torlr Hun
Some personal response seems to be due
to tna mima-iu. ,
r r wuu nave sougnt
irom me an expression of my indiviaual
Opinion as to tha Onrv in tha n.-aDa..
icai campaign of those who aunere to the
principles which hiwerto nava ch.nxkr.
izea We democratio pariy.
. , " -wuii.Liwii ui uuuqos ciaoptea in
we name ot We democracy by tne Chicago
convention is lor. we most pari so nosTile
to we doctrines which have prevailed in
the aemocratio party to We past as to de
mand its rejecuon by all woae who would
not abandon We democracy's esaentlal
ideas and best traditions.
. '-hioano platiorm invites us to es-
tarnish a currency wnich wia enaoie a
man tn nav Hta .. . . . ,
j . ucia mm mxii, as lauca
property as he would have to use in order
to pay them now. This proposition is d.s-
r"".. uu uot "y tna au tne advocates J
of the free coinage of silver are disooncst.1
w. wcur luuiiuiii, were W
so many are doubUess honest to intention.
But x am unable to reconcile with any
Ideal of integrity a change ln, the law
which will permit a man who has bur
rowed Huo to pay his debt with Ituu, eacn
one of which is worth only half as mucn
as each dollar he receives trom the lender.
The Chicago platform sanction, the use
of the appointing power ot we presiuent ln
such a way as to control the teaerai judi
ciary iu deciding questions ot constitu
tional law. It contemplates a change In
the personnel of the supreme court of ta.3
united States to the end that the recent
decision declaring the Income tax uncoaf,
stitutional may be reversed. Strange timea
indeed, are these, when a man is told that
in order to be a democrat he must favor
the imposition of an income tax, and the
destruction of the Independence of the judi
ciary! Hull more alarming is the clearly Im
plied approval of lawless violence con
tained to the denunciation of what is de
nominated in the platform "government
by injunction." Veiled in the language ot
moderation, the wild light of anarctm
shines thfSugh. .
In my opinion, without reviewing th
Chicago platform f urwerf the i declara
tions in -regard to the currency, the su
preme court, and the income tax. and tne
repression of forcible lawlessness by the
aid of Injunctions, are enough to demand
Its rejection by all good citizens and the
defeat of the candidates who stand upon it.
- I regret exceedingly to tind a disposition
quite prevalent to array the West aga.nst
the Bast in the discussion of these mat.'
tara I aaa nn n.nn.4n f :
differences sectional. Here there is no, po-
is expressed toward the East by some,
Western newspapers and public speakers
Good citizens can perhaps beat aid the
cause of honest money and law and order
w.wuub luvie tiute w rational argu
ment and less to inefficient abuse.
All questions relating to the tariff have
become insignificant for the time being, ln
view of the possibility, however slight,
that the abhorrent principles of the Chit
oago platform may prevail. The duty and
the necessity to compass the final over
throw of that platform by assisting to the
defeat of William J. Bryan are most im
perative and solemn. This may most cer
tainly be accomplished by voting tor the
electors pledged to the support of William
McKinley; but I have no quarrel with any
democrat who adopts any other course
which seems to him well adapted or better
adapted to the same end. ' C. A. DANA.
Philadelphia Telegraph.
Suppose you are a poor man, working
for 12 a day. Suppose Bryan Is nresident
and the country is under the free silver'
regime. Saturday night comes and you
are paid your wages twelve silver dol
lars. The government has said that IS
ounces of silver are worth one ounce of
gold, but you know very well that it
takes Sift ounces of sliver to equal one
ounce of gold. The government has said
that a silver dollar is worth 100 cents, but
you know very well that it Is worth only
63 cents. How do you know it? You know
it because the bullion to a silver dollar
cannot be sold to any mart ln the world
for more than 63 cents. Therefore, the
government is a cheat. Suppose you go
to the butcher to buy your Sunday beef.
You pay him a dollar, but the butcher
knows the dollar is worth only 53 cents,
and he gives you only 62 cents' worth of
meat. Your baker, your farmer and your .
merchant do the same. You find in dis
may that your i2 a week will only buy a1
little over half as much as It used to buy.
You ' are absolutely helpless. And how
about the rich man? It affects him, too.
of course. He must suffer as well, but he
can afford to have his dollars cut ln two.
You cannot afford It. No man of modest
means and there are hundreds of thou
sands of men of modest means can afford
it. You must stint, you must economize,
you must sacrifice little luxuries to which
you may have been accustomed; finally,
you must starve. That is the picture of
popocratlo triumph. It is Just as certain
as death if Bryan is elected.
xne fouowlnsr facto, terselv stated, ara
commended to the consideration of those
who lack the time or inclination neces
sary to the intelligent .study of the finan
cial question, as presented in the world's
uiuuewij uuitory. -j.ney present a Dries
comnendlum of aaiiit. th. .a,..-
wmcn is readily discerned. He who run. -may
read, and reading, form ready and
intelligent conclusions:
'irsc xnere is not a free-coinage coun
try in. the world today that Is not on a
silver basis.
Second There is not a gold-standard
country to the world today that does not
use silver aa money along with gold.
. Third There Is not a sliver-standard
country to the world today that uses any
gold as money along with silver.
Fourth There is not a silver-standard
country in the world today that naa- more
than one-third aa much money in circula
tion per capita aa the United States have:
and
Fifth There is not a silver-standard
country in the world today where the la
boring man res si yes (air pay for his daya