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About The Dalles daily chronicle. (The Dalles, Or.) 1890-1948 | View Entire Issue (May 21, 1895)
Tnz Dalles Daily Chironiete.
. 8CBSCRIFT10N KATES.
T KAIL, rOSTAH fUrilB, IX iDTiKCI.
Wsskly, 1 yemr. .
, 4 months..
...I 1 60
... 0 75
... 6 00
... 0 GO
Address all communication to TEX CHRON
tCXK." The Dalles, Oregon.
MAY, 21 1895
"COUPS" DOCTRINE OF MONEY.
The author of the Chicago free-silver
extravaganza, entitled "Coin's Financial
School," is evidently a disciple of the
Barn am philosophy that the world loves
4 be humbugged. That canons hodge
podge of facts that are not so, and theo
ries that could not be sustained even if
they were so, appeals to jast about that
level of intelligence to which the salve
peddler of Barnum's story appealed
with such profitable results. "If a
dog's tail is cnt off," said the peddler,
"and a little of this salve is applied to
-the stamp, a new tail will quickly grow
in place of the old one, and, by applying
enough of it to the severed tail, a new
doc will grow oat of that also." The
peddler retired from business in a short
time with a fortune.
'. "Coin" deals with currency instead of
dogs, and his miraculous salve is the
free, independent and unlimited coinage
of silver by the United States against
the world in general, aDd what be is
pleased to call "the English octopus" in
particular. The virtues of this salve, if
we will only apply it with full faith and
courage, are set forth with wonderful
Assurance and fluency. It will make
the payment of all our debts twice as
easy. At the same time it will double
the price of all that we have to sell to
Xngland, France and the rest of the
gold-using nations. It will make the
United States "the most prosperous na
tion on the globe," and, as for England,
we are assured that it will "blot her
same oat from the nations of the earth1
if she makes any fuss over it. Consider
ing that England is by far the largest
and beat customer for the bulk of oar
exports, it is not quite clear how we are
to become "the most prosperous nation
en the globe" by sponging England off
the map... Nevertheless, "Coin" is quite
positive that his free-silver salve will
easily accomplish both things, and,
somehow or other, bring wealth to the
pockets of American producers by de
stroying their markets and raining
The light and airy assumption that
underlies this whole superstructure of
-silliness is that if the United States
mints would only coin all the silver that
can be brought to them at a ratio of 16
' to 1, an "unlimited demand" will have
heen created for(the white metal by
which 50 cents' worth of it will be made
as good as $1 in gold all around the
-world. As if our government, or any
-other government, or all governments
acting in concert, could create an "do
limited demand" for anything at an ar
bitrary, fixed valuation, by the short
and simple method of stamping it as
, worth so much I
There is infinite humor in this idea
that the government can call real value
into existence by the magic of its mere
mandate. The joke is not new, how
ever. Nations have had fun with it on
manv historic occasions. Jack Cade an
ticipated "Coin" on Blackheatb Com
mou over five centuries ago, when he
addressed his motley following and said
"Your captain is brave and vows ref
ormation. There shall be in England
-seven half-penny loaves sold for
penny; the three-hooped pots shall
have ten hoops, and I will make it
felony to drink small beer." "God save
your majesty I" cried his hearers.
thank you, good people," eaid Cade ;
there shall be no money ; all shall eat
and drink on my score.' "Coin is sim
ply Jack Cade revieed up to date. He
will make sixteen ounces of silver equal
to thirty-two ounces at Amencon mints,
and all the world shall accept .it at bis
: valuation or "there shall be no money,
sad then we shall all "eat and drink on
his score." Two pecks of wheat shall
"be a bushel in Liverpool, or we will keep
and eat our wheat ourselves and let Eng
land howl with hunger. The people
who have loaned as money, whether
-foreigners or natives, shall accept silver
at ur valuation or get nothing.
Ttiere is no difference between suet
incoherent idiocy as this and the famous
financial lunacy of John Law, the crazy
experiment of revolutionary France with
ner assignats, or the wild delirium of
.England in the South eea bubble epi
ode. The same delusion that is danc
ing in the brains of "Coin", and his
financial school for the feeble-minded
danced in the brains of the men who
gave the world those astonishing exhi
bitions of fiat-money madness. They all
believed, as "Coin" assures his dupes
. that the government bad only to Btamp
. something as money, and, presto, it was
'good as gold."
Behind the assignats was the fiat of
France, backed by the death penalty for
refusing to honor them as real money,
and yet, as Carlyle tells us, they sunk
so low that the hackney coachman in
Paris came at last to call for 6,000 livres
in assignats (about $1,500) for a fare.
The fiat of the English government was
behind the South sea speculations, and,
as a result, there was a time when, in
the words of Macauly, "the South Sea
Company were voting dividends of 50
per cent, when 100 of their stock were
selling $1100, when Threadneedle street
was daily crowded with the coaches of
dukes and prelates, when divines and
philosopher turned gamblers, when a
thousand kindred bubbles were daily
blown into existence, the periwig com
pany and the Spanish-jackass company
and the quick-silver - taxation com
pany." And then came the crash.
"Ten thousand families' were reduced to
beggary in a day," and the duped peo
ple demanded that the promoters of all
these frauds, based on "Coin's" doc
trine, that government fiat can create
something out of nothing, should be
"tied up in sacks and thrown into Ue
The people of the United States are
not to be victimized by any such . hallu
cination as the pretended power of their
government to declare 50 cents' worth
of material to be 100 cents' worth of
money, and made all mankind believe
it. Barnum may have been right in
saying that "the world loves to be hum
bugged" when it goes to the circus or
deals In dog salve. But the currency of
a nation cannot be treated on circus
principles, and "Coin's" dog-salve doc
trine of money will not be a successful
imposture. Baltimore Sun.
Fiom our regular correspondent.
Washington, May 17, 1895.
It is given oat by those connected with
the administration that the reason the
idea of court-martialing Admiral Meade
for his recent criticism of the on-American
policy of the administration was
abandoned was that Admiral Meade de
clined to answer questions as to bis res
ponsibility for the newspaper interview
in which the criticism appeared and the
absence of any law to compel the news
paper man who interviewed the admiral
to testily before a naval court martial.
But that was not the reason at all ; it
was merely a pretence. The real reason
was the fear of public opinion, which
was quick to see that Admiral Meade
was goaded into making the remarks
which constituted a technical 'violation
of the naval regulations, but reflected
the sentiments of seven-tenths of the
American people, and would have been
equally as quick to resent any attempt
to punish him by the use of a packed
court martial. Admiral Meade has
given the country forty years of gallant
service, having a record unsurpassed by
any living officer of our navy, and the
administration will do well to make the
reprimand which it proposes to give him
as mild as possible. .
There is little doubt that the presi
dency of 'the Pullman Car company has
been tendered to Secretary Greeham. A
gentleman whose relations with several
directors of . that company are close ex
presses the opinion that if Mr. Gresham
declines the position it will be offered , to
ex-Secretary Robert T. Lincoln.
An open rupture between Mr. Cleve
land and Vice President Stevenson is in
the opinion of many, certain to occur in
the near future. All of the news re
ceived in Washington points to the prob
able capture of the democratic party of
Illinois by the silver men, and it is no
longer denied in any quarter that the
entire silver movement in that state has
been from the first in the interest of Mr.
Stevenson's candidacy for the democratic
presidential nomination, and Mr. Cleve
land believes that Mr. Stevenson was the
moving spirit in the whole business and
does not hesitate when talking with his
friends to call him "a traitor .to the ad
ministration of which he is part" and
other uncomplimentary things. Should
the two men meet it is believed that a
quarrel is certain.
Some people seem determined to drag
silver into everything. A proposition
has been made to the governor of Del a
nr. i i
; ALSO A FULL LINE OF
I a 17 ts pu ri? 15I7 1 17$ (Joods 5Ioaf.
"MHPSi TT T? TTTT - tf
' " wviww, ' 112 Second Street
ware to appoint a democratic silver man
senator to contest the seat to which re
publicans claim Col. Dnpont was elected
and if the governor agrees an attempt is
to be made to get enough pipulist votes
to make when combined with the solid
vote of the democratic senators a major
ity of the senate, and to seat the man
appointed by the governor, regardless of
the report that will be made .by the com
mittee on elections, not because they
will believe him entitled to the seat, bat
because the man can be counted upon to
vote for silver at all times. It is difficult
to believe that such a scheme as this can
be pat through, and your correspondent
is confident that should Gov. Watson
give hia consent it will be found that
somebody has been trying to dispose of
what thev did not control. The senate
is controlled by the silver men anyway,
and the shrewd silver senators will be
quick to see that such a scheme' would
be certain to injure the cause of silver
with .the public at large, while the vote
that would be gained in the senate
would not be ot the slightest assistance,
The next senator from Delaware will be
Col. Dupont, if he lives. C. A. S.
A Sample Package (4 to 7 doses) f
To any one sending name and address to
us on a postal card.
ONCE USED THEY
ARE ALWAYS IN FAVOR.
Hence, our object in sending them out
i- ON '
They absolutely cure Sick Headache, Bil
iousness, Constipation, Coated Tongne, Poor
Appetite, Dyspepsia and kindred derange
ments of the Stomach, Liver and Bowels.
on't accept some substitute said to be
'just as good."
The substitute costs the dealer less.
It costs you ABOUT the same.
HIS profit is in the "just as-good."
WHERE IS YOURS?
Address for Free Savfu,
World's Dispensary Medical Association, .
Afo. 663 Mala SL, BUFFALO, At K
"Where she can get nice
Where to get the nicest
Where nice, fresh Gro
ceries are kept.
Where she can get them
in a hurry if she
Call or Telephone.
J. B. CROSSEN,
Ask Central for 62.
TYr. HIlM'TItRTl Pr.ArBRrniin RTTTTTTM A.
TISM, WEAK BACKS. At 4ruffUt. only 25c
Having secured the services of
- class trimmer from the city.
assure my patrons perfect sat
isfaction as to style and finish.
Call and see the large variety
of Hats on display in window.
- tC! Successor to Anna Peter A Co,
The above association is
prepared to take a list of all
and any kind of Heal instate
for sale or exchange,- whereby
the seller will have the undi
vided assistance of the follow
ing Real Estate Agents, or
ganized as an association for
the purpose of inducing im
migration to Wasco and Sher
man. Counties, and generally
stimulating the sale of prop
C. E. Bayard, T. A. Hud
son, J. G. Koontz & Co., J. M.
Huntington & Co., Dufur &
Hill, N. Whealdon, Gibons &
Harden, G. W. Rowland.
Address anv of the above
well known farms, or
J. M. Huntington, Sec.
The Dalles. Oregon.
Everything for the Garden
we can famish Floral Designs and
Bouquets second to none in Eastern Ore'
eon at very reasonable prices. .
See our assortment of Plants. Button
hole Bouquets, and - displav in M. Z.
UonneM a Drugstore and Keller's Bak
ery. Orders can be left at either of the
The Hyacinths are now in full bloom.
All are cordially invited to come and
see oar assortment ot lowers , and
Snipes-Kinercly Drug Co.
129 Second St., ..
THE DALLES, - - OR
ccald eet relief
from a most horri
ble blood disease. I
had SDent hundreds &
i of dollars TRYING various remedies 2
and physicians, none of which did me
any good. My finger nails came off,
and my hair came out, leaving me
S perfectly bald. 1 then went to
! treatment, but very soon became
ihe effect was
truly wonderful. 1
commenced to re-
t , unci iunniKC
1 the first bottle, and uy the time 1 had
2 fairs! tumloA KahI.. 1 t -- . )
r " wi3 entirely curea l
curJ by S. S, S. when the world-renowned
t saw 1113 liau jditea.
wm. 5,. LOOMIS. Shreveport. La.
Our Book on tho Dlxcue and Its Treatment
muliei free lo unv blnrui
SWIFT SPECIFIC CO.. Atlanta, Ga.
E. JACOBSEN BOOK and ML'SIG CO.
THE U1DBK8 I -
Pianos and Organs, Books
Call and eet their ortces. Bell FIANOI on
easy monthly paymei.ta, and Is prepared to meet
any COHFBIlIIOa. .
162 Second St- THE DALLES, OR.
Chlefcmter'a lulu WmmmS
Orteiaal mm Onto fraailn
irvcgiav tor UlcUMr l ?u
iDeus. mint witk Ma ribkaa. Tek Vjf
ether. Jtartt rfaanwai mlaum
la auuana Jar vartlaajara. Iiallaiiiaila Bad
Relief far TarHra," a lauar, r retara
tall- - - - MmM
Bring m Your Family.
And see how cheaply
Men's Suits, Boys'
Everything from Hat to Shoes,
Closing Out Sale
of DRY GOODS
CLOTHING, FURNISHING- GOODS,
BOOTS, SHOES, HATS and CAPS.
Past or present values cut no figure, as goods
MUST be SOLD
The C. P. and P.p., French Woven, Hand-Made, Dr.'
Warner's Health, Coraline, French Model and other makes
of Corsets will be closed out
and be convinced. You will
DOCTORS' PRESCRIPTIONS Correctly compounded with the ut
most care from drugs of guaranteed parity by a capable staff of experienced
dispensers. AH the latest Pharmaceutical Preparations kept in stock. Prices
will be found as low as is consistent with the supply of first-class drags.
Rpotheeairy and Chemist.
DEUTSCHE flPOTHEIe. T.uphon. is
Hi There !
r j i
Largest Assortment in the
Bine Front Store,
Successor to Cbrismsn fc Corsoa.
mm FULL LINE OF
STAPLE and FANCY GROCERIES.
Again in business at the old Btand. I would be pleased to
see all my formet patrons. Free delivery to any part of town. .
RUPERT & GABEL,
Wholesale and retail manufacturers and dealers in
Harness, Saddles, Bridles, Collars,
TENTS and WAGON COVERS,'
' . '" . . ' -r
And all Articles Kept In a First Class Harness Shop.
REPAIRING PROMPTLY DO SE.
we can dress all of you.
Suits, Silks, Satins,
for everyone. All new stock.
LESS than COST.
at extremely low prices. Call
be surprised at our low prices.
Men's Straw Hats,
Boys' Straw Hats,
Misses' Straw Hats,
Ladies' Straw Hats.
Opposite Diamond Mills .
Adjoining E. Jv Collins i & Co.' Store,