The Plaindealer., August 31, 1896, Image 1

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IT IS SO.
Vol. XXVII.
ROSEBURG, OREGON, MONDAY, AUGUST 31, 1896.
No. 52.
FK. SALZMAN,
uccesior to J. JASKULEK.)
Practical : Watchmaker, : Jeweler : and : Optician.
DEALER IS
W.VTCIIBS, CLOCKS, JEWELRY. AND KANCY GOODS.
itoassaSLxr m1 HiccJls
(tuuiiIuu 13i-:ur.iliii 13j-o Glnsscs SSpootnoloH
A COMPLETE STOCK OK
Cutlery, Notions, Tobacco, Cigars and Smokers' Ai tides.
Also Proprietor suit! HaunKOr of Rosolrarg's Famous Hargnln Store.
l
STHTE 4- NORMRL ?- SCHOOL-
Klctcntu Year llcjiiiis Septcitiucr 7th, 1896.
Three Distinct Courses: Normal, Academic and Music.
Stale diplomas, coaierriug the decree of Bachelor of Scientific Didactics,
acrded to these bo complete the Normal course, and pay the required fee.
Diplomas from the school to those who finish the other courses.
Thorough work and teachers training department. Expenses low.
A limited amount of work will be given those who wish to thus pay a art of
their way through, school.
Drain is a quiet, healthful litile.town, situated CO miles north of Rosebnrg,
and has no saloons or other places of vice. The people are moral and true friends
of the student. The year just closed has been a prosperous one for the school.
For fall particuiarsi send for new catalogue, which will be promptly mailed to
jvn. . Louis Bakzee, li. S., President.
Poultry, Vlsli and Game.
0
B
e
a
o
a
e
H. T. BLUMB,.
In Scnuou.
rrc:.cwr o!
The City Meat Market,
And Dt: in
PRIME BACON, HAMS, LARD,
A.VD FRESH MEAT5 OF ALL KINDS.
Orders ute a to J Delivered Free
to car Prs cf the Cuy.
Roseburg, Or.
MCMRSTERSiCa
SOUTHER OREGON
Trie new year opens Sept.
formation addresH,
X..
ASHLAND, OR.
Tlio only NormalJEchool south
of Monmouth which has a
four -year Xormal course of
tlutly ana grants unlimited
State Normal School Diplomas
good (or life.
Graduates ot this school arc
allowed C2 credits by the Uni
versity of Oregon and are ad
mitted to the Freshman class
without examination.
Training school throughout
tho year In charge of mem
bers of Senior clou and critic
teacher. Other Courses: Col
lege Preparatory, Business,
Music, Art, Teachers' Review
Classes,
Tuition ISJB, ball board
$1.75, family board fLSO to
13.00, lodjjtiR-'in dormitory
50 ccnts.-atudent furnishins
bed clothing.
Kino winters. Dure water.
and good society.
For new Catalogue or Hpcclal In
XV. T. VAN SCOV, President.
AR(nBR()S'. .
IfiWflllFll
Extracts from McKinley's Letter
of Acceptance.
Sacrifice Sale
Now in Progress
e
3 M. R Rapp,
LEADING
PERSCR1PTION
DRUGGIST,
SB JicVjco Street, kobure, Orczoo.
!
Patent Medicines,
Perfumeries.
9
e
Toilet Articles.
A COMPLETE LINE
OF
Holliday
Goods
FOR
Gentlemen,
Ladies
and Children.
O
A Choice Collection, at Prices that Sell.
LIME PLASTER AMD CEMEMT.
A FULL LIftE OP WIflDOW GLASS
ALL ORDERS PROMPTLY FILLED.
Real Estate Bought and Sold
Farms, large and small, to Rent,
AND IMMEDIATE POSSESSION GIVEN.
Stock Ranges, Timber Lauds and Mining Properties,
Prune and Hop Lauds of best quality, iu choice locations,
in cmautitics to suit intending purchasers, at reasonable
prices and easy terms. Inquire of
id. s- tz. bttiok:,
ZIGLER & PATTERSON,.
Depot Grocers
PEALEK.S IN ALL KINDS OF
STAPLE AND FANCY . GROCERIES.-
COUNTRY PRODUCE BOUGHT AND SOLD.
Give us a call. Goods delivered to cny part of the City in short order.
Corner Lane & Sheridan Streets, ROSEBURG, OREGON
The Collins House
Firt sriicvt east of Depot, one block north,
c jib. e:w
First Class $!.oo per Day House.
I'.t. inly rti.iO'Kkil, renovntcd and rctuniWiol.
1'IJHB AM) I.IVIillV HTAHI.U IN CONNECTION.
-1
WYLIE PILKINGTON,
Successor to (. W. NOAH
General Blacksmithing
rROTTINQ AND RUNNING PLATES A SPECIALTY,
KEL'AIUISO OK Al.l. KINDS 1'KOMITI.Y DONE.
SItop 011 Corner WnHliliiKton mill Kane Sts., ItoHeUtir
ROSEBURG
Marble and Granite Works.
G. W. AGH1SQN & GO., Proprs.
Dealers in nil kinds of
Marble and (Jranito Sloiiuiiients
and Ilendstoncs,
Portland Cement Curbing
lfor Ccmeterj' JLotts.
iistimates Furnished on all kiuds of Cemetery Work
OlUcc unci Hulenreoui. ;7ii OaU Htrcct,
McKinley.B letter of acceptance was
issued August 2Gth. It is a statesman
like document and gives a plain presen
tation of the leading ieeuts of the cam
paign. Vi'u quote from his remarks on
the financial question, as follows :
Eor the fiist time sir.co 18C3, if ever be
fore, there is presented to the American
people this year a clear and direct issue
as to our monetary system, of va6t im
portance in its effects, and upon the
right settlement of which rest largely
the financial honor and prosperity of
the country. It is proposed by one
wini; of the democratic party and its
allies, tho people's and Hver parties, to
inaugurtte the free and unlimited coin
age of silver by independent action on
tho part cf the United States, at u ratio
of 10 ounces of silver to 1 ounce of gold.
Tliu mere declaration of this purpose is
a menace to cur financial and industrial
interests, and has already created uni
versal alarm. It involves great peril to
the credit and business of the country;
peril so grave that consetva'ive men
everywhere are hrcaking away from
the'r eld party iissociitiocs and. uniting
with other jutriotic citizens in emphatic
protest against tho platform of the
democratic .national convention as an
assault upon the faith and honor of the
government and the welfare of the
people. AVe have bad few questions in
the lifetime of tho republic more serious
than the one which is thus presented.
NO BENEFIT TO LAIIOK.
The character of tho money nhicb
shall measure our values and exchanges
and settle our balances with one another
and with the nations of ihe world is of
such primary important o and so far-
reaching in its consequence as to call for
the most painstaking investigation, and
in the end, a sober and unprejudiced
judgment at the polls. We must not be
misled by phrases nor deluded by false
theories. Free eilver would not mean
hat silver dollars were to be freely had
ithout cost of .labor. It would mean
the free use of the mints of the United
tates for the few who are owneis of sil-
er bullion, but would make silver coin
no freer to the many who are engaged in
other enterprises. It would not make
labor easier, the hours of labor shorter
or the pay better. It would not make
farming less laborious or more profitable.
It would not start a factory, nor make a
demand for an additional dav's labor.
It would create nojnew occupations. It
would add nothing to the comfort of the
mases, the capital ol the people or the
wealth of the uaticn. It seeks to intro
duce a new measure of value, t-ut would
add no value to the thing measured. It
would not consf rve values. On the con
trary, it would derange all existing val
ues. It would not restore business con
fidence, hut its direct effect would .bo to
destroy the little which yet remains.
WHAT IT MEANS.
The meaning of the coinage plank
adopted at Chicago is that any one may
take a quantity of silver bullion, now
worth 00 cents, to tha mints ci the
United .States, have it coined at the ex
pense of tho governmnet and receive for
it a silver dollar, which shall be legal
tender for the payment of all debts, pub
lic and private. The owner of the bul
lion would get the silver dollar. It be
Iong6 to him and nobedy eldi. Other
people would get it only ly their labor,
the products of their land or somethisg
of value. Tho bullion -owner, on the
basis of present values, would receive
the silver dollar dollar for 53 ceuts'
wotlh of silver, and other people would
be required to receive it as a full dollar
in the piyment of debts.
The government would got nothing
from the transaction. It would bear the
expense of coining the silver, and the
community would suffer loss by its use.
THE DOI.LAUS COMI'AHED.
We have'eoined since 1S7S more thau
lOO.WO.OOU of silver dollars, which ate
maintained by tho government at a
parity with gold and are full legal ten
der for the payment of all debts, public
and'piivate. How are the silver dollars
now in use different from those which
would bo in use under free coinage?
Thev are to bo of tho same weight and
fineness. Uiey are to bear the same
statni) of the government. Why would
they not bo of the eauio valuu? I aus'
wer:
lho silver dollars now in uso were
coined 0:1 account of tho government.
and not fur private account or gain, and,
the govornmout has solemnly agreed
to keep them 118 good ns tho best dollars
wo have. The government bought the
silver bullion at its market value and
coined 1. Having exclusive control ot
the mintage, it only coins what it can
hold at a parity with gold.
The profit representing tho difference
between the commercial value of tho
silver bullion and the face value of the
silver dollar goes to the government for
tho benefit of the , people. The govern
ment bought tho silver bullion contained
in tho silver dollar at very much less
than its coinage value. It paid out to
its creditors and put it in circulation
among tho people at its face value of 100
cents, or a full dollar. It required the
people to accept it as a legal tender, and
is thus morally bound to maintain it at a
parity with gold, which was then, as
now, tho recognized etandard with us
and the most enlightened nations of tho
world. The government having issued
and circulated the silver dollar, it must
in honor protect tho holder from loss.
This obligation it has so far eacredly
kept. Not only is there a moral obliga
tion, but there'is a legal obligation ex
pressed in public stat'ito to maintain the
parity.
THEY COCLD NOT 1!E KBIT AT PAR.
These dollars, in the particulars I
have named, are not the same as the
dollars which would be issued under free
coinage. They would be the same in
form but different in value. The govern
ment would have no part in the transac
tion, except to coin the silver bullion
into dollars. It would share in no part
of the profit. It would take upon itself
no obligations. It would not pnt the
dollars into circulation. It could only
get them as any citizen would get them
by giving something for them. It
would deliver them to those who depos
ited the silver and its connection with
the transaction wonld there end. Such
are the silver dollars which would be
issued under free coinage of silver at the
ratio of 16 to 1. Who would tben'main
tain the parity ? What would k-:ep them
at par with gold? There wonld be no
obligation resting upon the government
to do it, and if there were, it would be
powerless to do it. The simple tri-.th is,
we would be driven to a silver basis to
silver monometalism. These dollars,
therefore would stand upon their real
value.
If the free and unlimited coinage of
silver at a ratio of 16 ounces of silver to
1 ounco of gold wonld, as some cf its ad
vocates assert, make 53 cents in eilver
worth 100 cents, and the silver dollar
would be equal to the gold dollar, then
we would have no cheaper money than
now, and it wonld be no easier to get.
But that such would be the result is
against reason and is contradicted by ex
perience in all times and in all lands.
It means the debasement of onr currency
to the amount of the difference between
the commercial and coin value of the
silver dollar, which is ever changing,
and the effect would be to destroy prop
erty values, entail untold financial loss.
destroy confidence, impair the obliga
tions of existing contracts, lurth er im
poverish the laborers and producers of
the country, create a panic of unparal
leled severity, and inflict upon trade
and commerce a deadly blow. To any
su:h policy I am unalterably opposed.
MMETALISM.
Bimelalism cannot be secured by in
dependent action on onr part. It cannot
ba obtained by opening our mints to the
unlimited coinage of the silver of the
world, at a ratio of 16 ounces of silver to
1 ounce o: gold, when the commercial
ratio is more than 30 ounces of silver to
1 ounce of gold. Mexico and China have
tried the experiment. Mexico has free
coinage of silver and gold at a ratio
slightly in excess of la1., ounces of silver
to one of gold, and, while her mints are
freely open to both metals at that ratio,
cot a single dollar in gold bullion is
coined and circulated as money. Gold
has been driven out of circulation in
those countries, and they are on a silver
basis alone.
Until international agreement is had,
it is the plain duty of the United States
to'maintain the gold standard. It is the
recognized and sole standard of the great
commercial nations of the world with
wbicii we trade moie largely tuan any
other. Eighty-four per cent of our for
eign trade for tho fiscal year JS95 was
with gold standard countries, and our
trade with other countries was settled
gold basis.
WE NOW HAVK JIOllE SILVER THAN GOLD,
Chit-tly by means of legislation during
and since 1S73, there has been put in
circulation more thau iC24,0C0,000 of
silver, or its representative. This has
been done in the honest effort to give to
silver, if passible, the same bullion and
coinage valuo and encourage the con
current use of both gold and silver as
money. Trior to that time there had
ben less than 9,000,000 of eilver dollars
coined in the entire historv of the
United States, a period of S9 years.
This legislation secured tho largest use
of silver consistent with financial safety
and tho pledge to maintain its parity
with gold. This has been accomplished
nt times with grave peril to the public
credit.
The so-called Sherman law sought to
use all tho silver production of the
Uuited States for money at its market
value. From 1S90 to 1S93, the govern
ment purchased 4,500,000 ounces of sil
ver u month, or 54,000,000 ounces a
year, tins was one-third o! Ihe pro
duct of the world, and practically all of
this country's product. It was believed
by those who then and now favor coin
age that such use of silver would ad
vance its bullion value to its coin
age, but this expectation was not
realized. In a few mouths, not
withstanding the unprecedented m.srktt
for the silver produced in tho United
States, the price of silver weut down
very rapidlv, reaching a loner point than
over before. Then, upon the recommen
dation of President Cleveland, both po
micai parties loineu in iiie repeal oi me
purchasing clauso of tho Sherman law
We cannot with safety engage in further
experiments in this direction.
THE DOUBLE STANDARD.
On the 22d day of August, 1891, in a
public address, I said :
If we can have an international ratio
which all the leading nations of the
world would adopt, and the true rela
tion be fixed between the two metals.
and all agree upon the quantity of silver
which should constitute a dollar, then
silver would be as free and unlimited in
lta privileges of coinage as gold is today.
But that we have not been able to se
cure, and, with the free and unlimited
coinage of silver adopted in the United
States, at the present ratio, we would be
still further removed from any interna-
tional agreement. "We may never be
able to secure it if we enter upon the
isolated coinage of silver. The double
standard implies the equality at a ratio.
and that equality can only be estab
lished by the concurrent law of nations.
It was the concurrent law of nations that
made the double standard ; it will re
quire the concurrent law of nations to
reinstate and sustain it."
IT FAVOES THE USE OF SILVER MONEY.
The republican party has no' been and
is not no- opposed to the use of silver
Concluded on Id page.
REPLY TO L. LEAIAIER.
To M. Lemmer: In a communica
tion to the TLAINDEALER the l"th inst.,
you "submit a few reasons why I think
the Plaindealer in supporting the gold
standard, is on the wrong side of tho
fence."
First. "Because there are very few
prominent republicans or democrats,
Blaine and Carlisle included, who have
not been for years ardent advocates of
the free coinage of silver."
That Mr. Blaine advocated the free
and unlimited coinage of silver at any
time, cannot be substantiated. Some
of the pro silver papers, by omitting
parts of his speeches, have (falsely) rep
resented him as advocating free coinage.
That was simply the act of an unprin
cipled and low-minded politician.
The following extracts of a speech de
livered by him on Feb. 7, 1S78. will
clearly sho-v where he stood when silver
was worth 92 cents instead 53 cents on
a dollar: (See Congressional Record,
page S20.)
The question before conzrees then
sharply defined in the pending house
bill is, whether it is now safe and ex
pedient to offer free coinage to the silvsr
dollar of 412'3 cramp, with the mints of
the Latin union closed and Germany
not permitticg silver to be coined as
money. At current rates of silver, free
coinage of a dollar containing 412,l2
grains, worth in gold about 92 cents",
gives an illegitimate profit to the
owner cf the bullion, enabling bim to
take 92 cents, worth of it to the mint
and get it stamped as coin and force his
neighbor to take it for a full dollar.
This is an undue and unfair advantage.
which the government has no right to
give to the owner of silver bullion, and
which defrauds the man who is forced to
take the dollar. And it assuredly fol
lows that if we give free coinage to this
dollar of inferior value and put it in cir
culation, we do so at the expense of our
better coinage in gold, and unless we ex
pect the uniform and invariable expe
rience of other nations to be in some
mysterious way suspended for our pe
culiar benefit, we inevitably lose our
gold coin. It will fljw out from ua with
the certainty and resistless force of tne
tides. Gold has indeed remained with
us in considerable amount during the
circulation cf the inferior currency of the
legal tender; but that was because there
were two great uses reserved by law for
gold the collection of customs and the
payment of interest on the public debt.
But if the inferior silver coin is also to be
used for these two reserved purposes,
then gold has no tie to bind it to us.
What gain, therefore, would we make
tor the circulating medium if on open
ing the gate for silver to fiow in, we
open a still wider gate for gold to flow
out? If I were to venture upon adictnm
on the silver question, I would declare
that, until Europe remonetizss, we can
not afford to coin a dollar as low as 412J
grains.
"However men may differ about
causes and processes, all will admit that
within a few years a great disturbance
has taken place in the relative values of
gold and silver, and that silver is worth
less, or gold is worth more in the money
markets of the world in 1S7S than in
!, when the further coinage of silver
dollars was prohibited in this country.
To remonetize it now as though the facts
and circumstances ot that day were sur
rounding ns is to wilfully and blindly
deceive ourselves. If ourdtmonetization
were the only cause for tho decline in
the value of silver, then remonetization
would be its proper and effectual cure.
But other causes, quite beyond our con
trol, have been far more potentially
operativo than the simple fact of congTesa
prohibiting its further coinago; and as
legislators ws are bound to take cocni-
zance of these causes."
It he would not support free coinage
than, when the silver in a dollar was
worth 92 cents, wha would he do now
when it is worth only 53 cents?
Mr. Carlisle undoubtedly changed h'a
mind, for in his younger days he favoied
free coinage; at that time he probably
bad not given the subject the careful and
earnest investigation that he did after
watd, when ho went into Mr. Cleve
land's cabinet. The ol 1 and trite adage,
that, "A wise man may change his
mind, but fool, nevjr," may be very
applicable to his case.
Again. "Because gold standard writers
and oiators aro neither honest nor truth
ful. Tney seok to fool the wag workers
by telling them that free coinagi would
raise the price of tho necessane?, while
his wages would remain the same ; then
turn to tho farmers, and promise them
Concluded on 4th page.