TSSUET EVERY SATUBDAY
; BY
j. nOUTHIT, Fublltir.
BUBSCBIFTIOX BATES.
DAILY
6 ix Months tn
A WM wwiiimwuii..
WEEKLY
UMYnr.lj oail
c: MA-.k ...... -
PMJNWMtMV . .
AUnbscrlptions Payable to Advance.
SATURDAY..... . . . AUGUST 15, 1896
StP'PLt AND DEMAND.
At a rule those who - advocate a
single gold standard refuse to take in
to consideration the laws of supply
and demand as .being an element in
fixing ValueiTand base their argument
,olely noon the commercial values of
nTBtaUftted by legislation. In this
. ')iAybecbi9edeoidedlycAfaaed. They
recognize only gold as a 'money metal,
or the basis on which values are reck-
- - oned, instead of viewing both gold and
silver as convenient, mediums of ex-
change; and on this Account wnfound
their statements in a manner that con
fuses rather than enlightens the or
dinary seeker for knowledge.' For in
. stance it is stated that free coinage of
' silver at the ratio of 16 tp 1, means
tbattbacwners-of. silver. .wilLonakea
profit of 87 per cent, by taking silver
bullion to the. mint and having it
coined into dollars. . On the other
band, it is claimed that free silver
coinage means a debased currency and
a reduction of the present purchasing
power of the dollar to one half. Wow,
'if the latter statement be true, the
former is untrue.
If tbe.eolnftge. of. silyer ftddsnothlng
to its purchasing power, then Its own
ers can make no profit by passing such
a- measure. If, "on the other hand, free
, . coinage raises the purchasing power
of silver, so that silver owners make
the profit of 87 per cent, it follows'that
'" ' Jtfie assertions of suverites that coinage
governs bullion values is correct.
Hence the charge' that free coinage
means a depreciated currency is un
sound. ' " ' '
When the law declares that so many
grains of gold or silver shall constitute
- a dollar andbecome legal tender, -it at
once opens an enormous fiild for their
- employment and creates for them an
- almost unlimited demand. - Hence,
- V market values are governed by coinage
laws. Of course. If the coinage of a
metal were fx 3(1 below .what its bul
lion value was before the coinage law
; was passed, the law would be inopera
tive, for no one would wish to sacrifice
part of the commodity 'value of bis
possessions. Thaa gold owes to legis
lation its high value to-day, no one
who has studied the question, and who
understands the law of supply and de.
mand, will deny. The value conferred
by law upon gold, ..is a monopolistic
value, by which it is given an ex
clusive privilege of settling debts.. To
illustrate this proposition more fully,
let us suppose that the government
could 'pass a law declaring that corn
should not be used as an article of food
. and that . wheat alone should be con
sumed as a bread stuff.' What would
be the result? The demand for wheat
would increase, and in: consequence
the price of wheat would advance,
while the price of corn would go down
to the leyel of.the demandfor it
as a ' commodity other than . a
- bread stuffy : Thus the law of sup
"rply and demand Would govern the
' price of each grain. From wheat hav-
riag bai declared the oBly bread sniff,"
the demand foe it would. iporease And
--censeqnentiy-lts price wmrtd advance","
while the demand for corn having been
decreased the price would. faltT . Then
to carry, .this .supposition ' further.
. Suppose this state of affairs to exist for
- twenty-three years-, for instance' front
. 1873 to the present time; The holders
of wheat -would be able' tq demand
-- whatever price they chose, and the
' consumers of bread stuffs would be
forced', to submit "to ' their demands,
' while the holder of corn could only get
: what was offered for bis grain, since
' Its consumption is' regulated by. "lpgis-
'latlon. Then suppose the discrinjina
- tlon against corn were removed, and it
""were allowed to be used as an article of.
food, the price of corn would suddenly
rise from an Increase In the demand,
-while the price of . wheat would fail,
y since the demand for It would be
. lessened. '. '..';' .:' ' ' .
i When the same laws of supply ..and
demand are applied to gold and silver
,as money metals, similar- results will
be witnessed. In 1873, by an act of
congress, silver was- demonetized, or
in other words, was no longer recog
sized as a primary money metal. At
that time a silyer dollor of 371.25
grains pure sliver, or 412.5 grains of
standard silver, was wotyh $1,004 In
gold. . But by that act the demand for
silver i was decreased, and its price
gradually declined until a year ago It
wa worth only 49.1 cents in gold. Or
perhaps more correctly speaking, the
demand for gold having been increased
by legislatton,its purchasing power was
increased to the, extent that it would
. buy twice as much silver as It would
before the latter metal waa relegated
from a money metal- to a commodety,
.JJow spppose this embargo against
" ailvar shall be removed and . it
.shall be recognized "as a primary
' money, what .will be. tb result?
The demand for silver will be in
- creased and its price - will ad Vance,'
while the demand for gold will be les-
- jenedAnd.lu purchasing power will
. iL JThe price of. both these metals
will then be governed by the law of
-supply and demand. They will tend
to regulate each other, and an the
demand for one Increases or diminishes
its price will rise or fall. ' The final re
sult will ber ths, the too metals will
circulate side by aide, each, governing
the price ! tha other, and as the sup
ply of silver in the world at the present
time is some sixteen ounces to one of
gold, that la the price the laws .of sup-
nlv and demand would dictate If it
were recognized as a primary money,
without any "' legislative restraints.
Hence with legislative discrimination
in favor of gold removed, the price . of
tbetwo metals would speedily, adjust
Itself in accordance with the supply
and demand, resulting eventually In a
most perfect fytm of bimetallism.
.ZEE- "PAimm-iV BANKS.
The banks in the money centers of
America are coming to the relief of the
treasury, putting up their gold for
legal tender notes, and thereby keep
ing the gold reserve intact and avoid
ing the necessity of another bond issue.
This is kind of them; indeed it is patri
otic Just ft this time, on the eve of a
presidential election. But what they
are doing now Is suggestive of what
they might have done years ago, and
naturally brings : up some remines
cences of the past. 7
Take eleven year prior to the pas-;
sge of the Sherman Act In 1890, says '
theS. F. Examiner, the redeemablllty
in gold of our $346,000,000 of green
backs had been maintained without
friction or inconvenience to the gov
ernment. The treasury had a legal
right to pay Its notes In either gold or
silver, but the demands for redemption
were so small that no embarrassment
was caused by allowing the holders to
choose the kind of coin they preferred.
The Sherman Act added a new ele
ment to the currency about $150,000,
000 of notes issued in payment t r sil
ver bullion and redeemable in coin.
It wa? expected by congress that these
notes would be habitually redeemed
in silver, and that the bullion for
whose purchase thy were Issued would
be coined for that purpose. But the
Harrison administration decided that
this bullion should be treated as junk,
and that the notes should be paid in
gold on demand. This policy Increased
the gold obligations of the govern
ment by about 40 per cent, while fail
ing revenues and increasing expendi
tures were diminishing its ability to
'meet them.' '
- Soon after the passage of the Sher
man Act the banks seem to. have de
cided that" t be" time had come for a
systematic and prolonged "object
lesson-' that would not only scare the
country into stopping silver purchases,
but would induce it definitely to adopt
the gold standard. Up to that time
the great, bulk of the- customs reve
nues had been paid In gold.
The first Sherman notes were issued
In August. 1890. . At the end of that
month there were only 3.639,001) of
them outstanding, and of these 454.451
had been gathered up and paid into
the custom-house at New -York for
duties. At the end of the next month
there were $8,069,000 in Sherman notes
outstanding, of which. .$1,734,404 had
been paid in for customs at New York.
In two months the proportion of cus
toms duties paid in gold at New York
had fallen from 95.4 to 85.6 per' cent,
and the proportion paid in Sherman
notes had risen from nothing to ll per
cent. The next month "the payments
in Sherman notes increased to 15.5
per cent, while those in gold declined'
to 81.1. In June, 1893, not a single
cent was paid In gold, while 35 per
cent of the total payments were in
Sherman notes; '
This object-lesson was-successful,
with the help of the closing of the In
dian mints and heavy'deinands on the
treasury for the redemption of both
greenbacks and Sherman notes- in
gold, in securing the stoppage , of sil
ver purchases. But there still re
mained the definite adoption of the
gold standard and the retirement of
greenbacks. . .
The Sherman-note 'scareorow, hav
ing served Its turn, was promptly
dropped. The customs payments in
such notes at New York fell off to 1.7
per cent in September, 1895, or ' less
than one-half as much, when there
were $143,666,280 of such notes out
standing, as in the very first month of
the law, when only $3,609,000 of them
had been issued. It was the turn of
greenbacks to serve as the object les
son. In February, 1894. (the month of
the first bond issue), they constituted
20.5 per cent of the customs payments
at New York; November of the 'same
year (the month of the second bond
issue), 55 per cent; "in February, 1895
(the month of the syndicate loan), 63.1
per cent, and-, in September- of the
same year, 781 per cent: rand stlU con
gress did not retire them. Meanwhile
gold, which importers had 'Ceased- to
pay into the .treasury, the bankers
were rapidly drawing out. '.
In February, 1894, the month of the
first bond issue,. they drew. $49,193,354
by" putting In" greenbacks' and treasury
notes and demanding gold. Of this
tfceyv exported 81,068,335 and stacked
the other $18,000,000 away.
. In November,. 4894. the month of the
secood bond issue, they' drew $7,799,
747, all of which they Kept, importing
$1,507,388 in addition." They" whetted
their appetites and during the next
two months they had depleted the
treasury of $37,024,959 of the gold they
had just loaned it, ' . ..: ".
They sent $34,122,928 of this to Eu
rope and kept the remainder in their
vaults. ..Then the Belmonts, Roth
schilds and Morgana saved the treas
ury by buying $62,316,400 of bonds at
104, the same' bonds 'selling in the
market from 1194 -to 124 as soon as"
they were offered to the public.
This process, has' continued steadily
Until, the present time! ' . .When we
were.buyiug silver under the Sherman
Act we were told that if the purchases
were stopped the drain on the treasury
stock-of gold would be relieved. The,
purchases were stopped and the banks
have drawn more gold from the -treasury
than they had done' before in the
whole period since the resumption of
specie payments. Now-they are be
coming alarmed at their own work.
The '.'object lesson" la not working aa
they expected and' they are patriotic
ally returning to the treasury some of
the gold they took out. But note the
process.
The metal was withdrawn by pre
senting legal tender notes and de
manding their payment in gold. The
gold Is now returned In exchange for
the same notes. . But under the policy
initiated by Harrison and Foster and
continued by Cleveland' and Carlisle
the government simply holds that
goldjon deposit for the holders of these
notes. They can withdraw it again
whenever they choose. They have
shown that their appetite for bonds is
insatiable. Only the necessity of pan
derlng to public opinion In the cribis
of this campaign restrains tbem from
forcing a new bond issue now.
The Oregonian never loses an oppor
tunity to hit the iarmcr a rap, seem
ingly having an utter contempt for the
horny-fisted sons of toil. In an editor
ial yesterday it saidt "Farmers think
the silver standard will not hurt them.
because they do not work for' wages
and because they own . few securities to
shrink in value. , , They think they oc
cupy a nappy position between the
laboring man and the capitalist, where
they profit at the cost of both, paying
both the farm laborers and the mort
gage creditor in money, of half value
aud selling their products for twice as
much nominal and the same real value
as now." What have the. farmers of
Oregon ever done to justify the lead
ing paper of the., state thus- accusing
them of dishonesty? The farmers do
not want to repudiate their debts, but
they want a money that will bring the
price of their products to what it wax
twenty years ago. ' r
If reports are true, the contractors
at Cascade Locks will within a few
days again begin dredging at the upper
end of the canal. Would it not be bet
ter if the government engineers would
postpone this work until the inner
walls are completed? The channel
leading to the canal can be of no use
until the locks can be operated; then
by not do the more Important work
first? - : "
IT 13 HO PHAN10M.
Nothing so moves the demo-populist
silver agitator and fanatio to frantic
fury as the object lesson of the Mexican
'oUar. It is absolutely unanswerable.
It paralyzes all his sophistical argu
ment), and leaves him nothing but his
sputter and frothy rage. Oregonian
Really, we bad not heard of any
'demo-populist silver agitators" view
ing, the depreciated Mexican dollar as
a phantom or ghost to disturb their
tranquility and cause them to feel any
uneasiness concerning the final result
In case the mints of the United States
are opened to the unlimited coinage of
silver. The "sliver agitator" if be
knows anything at all, knows without
telling that the silver dolla.- of Mexico
goes at its bullion value, which is, at
present prices of the two metals, about
54 cents; and he knows too that the
immediate result of free coinage would
be to bring our silver coins down very
nearly to their bullion value for a
time, bus wnen be tair.es into con
sideration the supply of the two metals
in the world., he .has abundant and
reasonable foundation for the belief
that the buliiOD value of both gold and
silver will rapidly adjust themselves
to prices that will bring them . very
. nearly to the ratio of sixteen ounces of
silver to one of gold whenever this
nation adopts free silver.
.Were the. United States a weak gov
ernment, both in population and
wealth, as Mexico is, any action it
might take with reference to the stand
ard of money would have little or no
effect upon the condition-of finances
in other nations. ' But when it is con
sidered that the United States has one-
twentieth the population and one-sixth
the money metal of the entire world,
it-cannot be denied.' that whatever
action she may take with reference to
money will have an Influence In de
termining the value of money metals
throughout the universe. Of the
$7,833,000,000 of metallic ' money dis
trlbuti'd among the civilized nations,
the Btock held In the United States is
$1,285,000,000. According to' the re
port" of the' director of the United
States mint, based on a ratio of about
15 to 1, the" money metals -were
distributed among the different
f countries as follows a year ago:
Countries.
Gold Stock Silver Stock
.S 661,600.000 1624,(00,000
United States....
United Kingdom..
France .... ..
Germany..........
Belgium;...'.
Italy...... ........
Switzerland ...
-640,000,000
soo.eoo.ooQ
618,000.0 O
' 64,000,000
S6.OCO.000
16,000,000
600.000
",0GO,0CO
112,000.000
600,000,000
215.000,0(0
64,900,(0 J
16,600,000
16.000.0CO
Greece ..
Spain...
8,000.000
166,000,000
10.000.0IO
85,000.000
66.0(0,0 W
12,000,0 0
' 41.000.0C0
44,000,1 0)
7,COO,0k.O
16,0(0.0(0
6b,ooeooo
8,000,000
80,000,000
81,800,000
&6o,ooo,ooo
726,000,000
Ho.000,000'
6.000,000
4,400jtfOO
Portugal 40,t00,000
Austra-Hungary . .
124.000,000
lB.OOu.lCO
8,000,000
Netherlands. ...
Scandinavian Union.
Russia
422,10 ',000
Turkey.... .. SO,000,00
Australia- ..... 103,000,000
Egypt 120,000,(00
Mexico 6,000,000
Central America....
South America...... 45,000,000
Japan. 80,700.000
India.....;
China
The Straits.......... '
Canada.... ....'...
Cuba, Hajtl, eto ..
14.ooo.ooo
21.ooo.ooo
Total .S3.901joo.ooo $3,S31,loo.ooo
The fact that Mexico, with a pooii
lation of little over 11,500,000,
three-fourths of whom are an inferior
type of humanity, and with only $55,
000,000 of metal money in stock, has
not' been able to affect the money
values of the world by allowing the
free coinage of utlver at her mints the
past nineteen years, and that her sil
ver dollars are rated at their bullion
I value, , is no assurance the United
t Rf.nKaa 'nrltY, a nm,i,ln',,'nn . Tf AAA AAA
and a stock of . $1,285,000,000 in metal
money could, not. Hence the 54 cent
Mexican dollar is no scare crow to the
silyer agitator.
Suppose the argument of the gold
standard people is true, that the open
ing of the United States mints to. the.
unlimited coinage of silver would
drive our gold Into other gold-standard
countries, what effect would it have
upon the value of gold? Would ndt
the dumping of $661,000,000 of gold In
to Great Britain, Franoe and Germany,
where, it would naturally go, have
the . - tendency to . increase the
supply and diminish the demand?
Those three countries combined have
$1,958,000,000 in gold. Add to this the
$661,000,000 gold held in this country
and the supply would be increased one
third, and- according to the natural
Taws cf supply and demand the price of
gold would at once fall one-third.
Besides to get our gold they would be
forced to give something in return,
and that something would be silver.
Since they have, only $827,000,000 of
silver their stock would be almost ex
hausted, and again applying the laws
of supply and demand, and the price of
silver would rise, for even those gold
standard countries, like our own, must
have silver for subsidiary coins.- With
these circumstances existing; the de
liberate reasoner, who 'lays' aside
prejudice to the extent that he is able
to take in the questions of supply and
demand as governing the value of
money as it does the prices of other
commodities, his reasoning leads him
to this inevitable result: The remone
tlzation of silver by this nation a'one,
will, within a very short time,' bring
it to a parity with gold at a ratio which
the relative amounts of the two metals
in the world would dictate,- which is
very nearly sixteen ounces of silver to
one of 'gold, hence .the Mexican dollar
.does not hang as a phantom, to frighten
away, his reason; :'
ATTENTION, MR. MITCHELL.
' The Times-Mount AdEEft appre
ciates the services you Lave rendered
Oregon during the many years you
have been in the United States senate,
and at the same time recognized your
ability to still, render additional and
beneficial services, nor does it at this
time' desire to appear as attempting to
threaten your defeat at the legislature
next January. - But a condition exists
in Eastern Oregon that rises above
every other question of politics, and to
this your attention is. called. The im
mediate and future prosperity of this
section depends upon the speedy re
moval of obstructions to the free navi
gation of the Columbia. By reason of
your official position and your Influ
ence with the -departments at Wash
ington, it 1b within your power to facil
itate the work already begun and that
under contemplation, and also to ma
terially aid in effecting an agreement
between the engineers' corps and the
state authorities whereby the portage
road at the Caseacfea maybe operated.
You expect to go before the next
Oregon legislature for re-election, and
to secure your election you must have
at least a portion of the votes from
Eastern Oregon. Can you expect to
get those, even of your own party, . so
long as their interests are not receiv
ing your immediate attention? Can
you expect them to return you to the
United States senate when you are not
interesting yourself in a matter that is
of greatest importance to them and
their constituents? At the present
time you are in a position to serve the
people of Eastern Oregon well " and
faithfully, and earn their coinmenda
tion, or you are ic a position to thwart
their every hope, and merit their ever
lasting displeasure. The opoortunity
Is open for you 10 take the side of the
people, or, by your silence, to furthui
the interests of a corporation that
profits by the Columbia river remain
lag closed. On which side will you be
found? Whose votes do you want In
the next legislature?
AID FROM OU11 CKEDI'TOHS.
"Because the United States is a debtor
nation it cannot dictate to its money
system or institute a measure that will
lead to bimetalism. for should it do so,
the creditor nations would sink it into
bankruptcy" is a favorite arguments of
the gold press at the present time.
And it is further asserted that, "should
the United btates adopt the unre
stricted coinasre of silver It would be
repudiation of our foreign obligations.
Are . there not-two sides to these
questions? Lot us see. Let us con
sider the situation of our foreign cred
itors from a business -standpoint and
see if they, instead of sinking us into
bankruptcy, will not aid us in bring
ing about a most perfect system of bi
metalism. It is of course to their ad
vantage that our public obligations to
them, both principal and interest, bo
paid in the dearest money possible,
which is gold, but as our interest bear
ing public debt Is payable in coin, the
creditors have no option as to what
metal they shall receive. The same Is
true with regard ;o a large amount of
our railroad and Other bonds held
abroad.
The holdings of American securities
in England, France and Germany are
very great, reaching Into billions of
dollars, and these secureties are held
by the men who dictate the financial
policies of those nation's. What course
will those men pursue when they are
convinced that the United States ' has
determined that their secureties, both
principle and interest, are payable iu
other coin besiies gold? Will it be to
their interest to suffer their nations to
discriminate against a' money which
they are forced to receive? Assuredly
hot. It will be to their interest to
make the money which they must re
ceive 'of full and equal value with the
recognized standard money of the gold
countries. If ' they are to be paid In
silver, they will want that silver to
have an equal purchasing power with
gold, and their energies will be exerted
in making'it so by causing silver to be
recognized as a standard money in
their respective countries.' And since
the supply of the two metals is so nearly
equal, based on a ratio of sixteen
ounces to one of gold, the logical
method for them to pursue would be to
establish a system of bimetalism
throughout the commercial nations of
Europe on that basis. Hence as con
servative and far-seeing business men.
In order to protect themselves, It will
be to their interest to aid in bringing
silver to an equal value with gold In j
stead of attempting to further depre
ciate It and sink a silver-standard
country into bankruptcy." Instead of
being our enemies and enemies to our
financial system, they - will be our
friends. - - - '
The condition of our European cred
itors finds a parallel - in the circum
stances existing betweet the bankers
of The Dalles and the wool raisers of
Eastern Oregon today.. There are be
tween seven and eigbt million" pounds
of wool stored hero.- The banks of this
city haye extended large credits to the
holders of this wool. In order that
these credits shall be met, it is to the
interest of the bankers that the wool
shall command the highest possible
price; that is that the purchasing
power of the wool be raised instead of
lessened 'The bankers want and are
entitled to the return of every dollar
they have advanced to the wool raiser,
and they are exerting every means in
aiding their clients to realize every
dollar possible on their product, not to
lessen the value of the wool which rep
resents the property or the money of
their clients. Our . foreign creditors
are in the same position. Now they
want their interest paid in gold, be
cause It Is the standard money of the
world, but when they are convinced
that their interest will be paid in ell
ver, it will be -stand then in hand to
aid in enhancing the purchasing power
of that metal. This can be accom
plished by increasing its demand.
which can and will be the result when
it Is recognized as a money metal by
the world. Therefore when the United
States leads off by removing the re
striction of its coinage, our creditors
will be compelled to force the remon-
etization of silver in their own nations.
H. K Thurburtbf New York,'
member of the executive committee of
the American Protective Tariff League
and who handled the list of contribu
tions to the Harrison campaign fund
of 1892, is out for Bryan and f-ee coin
age. He says: "I verily, believe that
Bryan and Sewall will win in this
fight. It is an uprising of the people
against oppression. I think the result
in November will open" the eyes of the
republicans." Mr. Tburbur Is one of
those who considers free silver a bet
ter protective measure to American
Industry than Drbteciio- Itself.
The Indian medi
cine man cures by
charms and incan
tations. ' He fright
ens away the " evil
spirit" who cause.
the sickness. He
does all sorts of
things that civilized
people would call
idiotic and barbaric,
but' the . civilized
folks are not so very
much ahead after
all. They do just
as foolish things a
does the medicine
man. They go along
carelessly, and' al
low the little sickness to grow into the
big sickness. They allow constipation to
grow into indigestion, neartourr, nizzi
ness, headache, insomnia, and a junclre
other distressing conditions. Tliey d.
this frequently because they do not know
the cause of their trouble. It is a pretty
safe rule to look for the source of 9-iotlis
of human sickness in this one simple and
appallingly prevalent trouble. Another
foolish thing that smart people-do is to
take some alleged remedy for xonstipa
tion and keep on taking it, day after day.
month after month and year after year.
Perhaps it is better to take the medicine
than not to take it at all, but of course if
-they stop taking it, 'their trouble will
come back. This last statement is true
of every other medicine prepared for this
purpose except Dr. Pierce's Pleasant Pel
lets. One v Pellet " is a gentle laxative,
and two a mild catharic They are gentle
and efficient in their action, permanent
in their results. Yon don't become a
slave to their use, as with other pills.
' The People's Ce-nmbtt Becae
Kedlcal Adviser, in plain Ea-
flish, or Medicine Simplified by
.V. Pierce, M- D..ChierConsnlt
lng Physician to the Invalids' Ho
tel and Surgical Institute, BuSalo,
N. Y- 100S pens. Illustrated.
6S0.000 copies sold at $1 50. How
sent, psper-boond, absolctblt
pass on receipt of n one-cent
stamps to pay for mailing onfa ,
jililuss Um Antbor. as above.
WHICH SHALL IT BET
The danger to our free institutions
from the centralization of wealth, and
the possibility of the money power
gaining control of the reins of govern
ment, was one which our early states'
men sought to guard againBt, and in
eloquent terms did they warn the
people to beware of this threatening
menace to popular government,
Washington, Jefferson; Jackson' and
Webster all raised their voices caution
ing the masses against risking too
much authority in " the hands of the
classes. And the martyred president
Abraham" Lincoln, whose sympathies
were wholv with the common people.
and who was nearer to the people than
any other man of bis time, soon after
the close of the war, saw this danger.
and he asserted that it caused him
more anxiety for the safety of his
country than even the rebellion
la a message to the thirty-seventh
congress (see pages 309-210 Barrett's
Life of Lincoln) he said:
"Monarchy itself is - sometimes
hinted at as a possible refuge from the
power of the people. In my present
position I could scarcely be justified
were I to omit raising a warning voice
against approachingdespotism. There
is one point to which I ask a brief at
tention. It is the effort to place cap!
til on an equal footing with, If not
above, labor in the structure of the
government. Let them beware of sur
rendering a political power, which
they already have, and Which if
surrendered will .surely be used
to close the door of advancement
against such as they, and to fix new
disabilities afid burdens upon them
till all of liberty shall be lost."
Then In a subsequent letter Mr,
Lincoln expressed his fears of the en
croachment of the money power as
follows: : "
"It has Indeed been' a trying hour
for the republic; but I soa In the near
future a crisis approaching that un
nerves me and causes me 'to tremble
for the safety of my country. ' As a re
sult of the war, corporations have
been enthroned and an era' of corrup
tion In high places will follow,, and
the money power of the country will
endeavor to prolong Its reign by work-
i ig upon the prejudices of the people,
until ail wealth is aggregated In a few
hands and the republic is destroyed
I feel at this moment more anxiety for
the safety of my country than ever in
the midst of war. May God grant that
my suspicions may prove groundless.
Indeed the great Lincoln was almost
prophetic la'hl-t suspicions. What he
feared would result has come to pass.
Wefind.at this time our government
in the bands of corporations and the
money power. In every branch of
government, In our state legislatures,
in our house of representatives, in our
senate and on the bench we find the
representatives of corporations pre
dominating. . And as President
Lincoln said they would do, the money
power Is endeavoring to "prolong Its
reign by working upon the prejudice
of the people" imploring them to main
tain the honesty of the currency and
at the ame time elect to.: the highest
office in the gift of the people, One who
Is bound body and soul to admlnl-ter
a government for tne classes. Will
the people be thus gulled into barter
. ing away their liberty by electing to
the presidency the direct representa
tive of the corporations, and aid the
money power to tighten the yoke of
financial bondage about t'ieir necks?
Are they ready to surrender their
rigbt to rule this nation and turn it
over to the-classes? Or will they heed
the warning of grand, old honest Abe
Lincoln and elect to the presidency a
man whom the corporations, the trusts,
the money brokers abhor?
BRYAN'S ; GREAT SPEECH. ,
The speech delivered by William J.
Bryan In response to the formal noti
fication of his nomination at Madison
Square gardens on Wednesday was In
deed a masterly effort. Mr. Bryan
went over every-material feature of
the Chicago platform, and ably de
fended every point that has been as
sailed by the opposition. . There were
few flights of eloquence, but rather the
orator discarded eloquence for a time,
and entered into a logical and forceful
discussion of the principles enunciated
In the democratic declarations of prin
ciples, showing his ability to success
fully meet all comers in public debate.
Hitherto Bryan has been recognized
as one of the most eloquent orators in
the land, but since his speech of ac
ceptance has been delivered, bis bitter
est enemies must acknowledge that
his ability as a debater Is second to
none in the nation. He has proven
himself a deep reasoner, one who
states facts so plainly that they carry
conviction, and at the same time his.
argument is suoh that it- cannot be
successfully met by his opponents. -
WHAT WE ARE LuSISQ
The people of Eastern Oregon are
sometimes criticised for being so clam
orous in their demands for the open
ing of the Columbia river to free nav
igation, but when it Is taken into con
sideration that they ar . losing thou
sands of dollars every year through
not being able to utilize.: this great,
water way to transport their products -
to market, tbey -would be justified in
becoming fanatical on the subject of
an open-riveisA-falnt idea "Of what J
would be saved to Easts?nr Oregon In
freight rates were the Columbia river
opened to free navigation can be
gained from the conditions that existed
prior to the eptablishing of the D. P.
& A.N,
Co. line and now.. Then freight
charges on wheat from The. Dalles to
Portland were 101 cents a bushel, now
they are 6.6 cents; the rate on wool
was 50 cents a hundred, now it Is 25.
But a better Idea of what benefits
will accrue from the opening of the
river can be gained from what' has
ieen accomplished in reducing freight
rates by the opening of the -Soo caual
it SaultSte. Maria. -
This new lock ha brei rabout nine
years In bullalng, and cost the gov
ernment aboat $5,030,003. It has a
length of SOO feet between gates, and a
A-ldth of 100 feet, accommodating ves
sels that draw 21 feet of water. This
outlet. of Lake Superior passed last
year 17,956 vewels, having a ton age of
16,806,781. - Commerce apparently jus
tifies the outlay. And so does the
-avicg of freights; for It is computed
that, whereas In 1837 the average
barge for the transportation of freight
between the ports of Lake auperioif
and the lower lakes was 2.3 mills per
ton pr mile,- last year, it was only
99 of a mili per ton jer mile. In 1859
it cost 15 cents to carry a bushel ot
corn from Chicago to aunaio. -in
1895 it was carried for of a cent. In
1897 it cost 4 2o to carry a ton of iron
ore from the mines of Lake Superior
to the ports of Lake Erie. Now It
costs 50 cents per ton.. Low Ireignta
have undoubtedly helped to .stimulate I
the wonderful iron production of the '
upper lake region, just as an open
river at The Dalles and Cascades of
the Columbia will help the farmers of
the Inland Empire. . .
With such results haying been ac
complished by the opening of the Soo
canal, is It any wonder that the people
of the Inland Empire want the ob
structions to navigation of the Colum
bia removed? With millions of pounds
of wool and millions of bushels cf
tvhay to ship, is It unreasonable for
us to demand of our senators and re
presentatives that they urge the hasty
completion of the locks and the boat
railway? Let Senators Mitchell and
McBride and Congressman Ellis con
sider what their constituents in East
ern Oresou are losing every year by
being forced to pay a railroad to carry
their products to market, and what
they would save by being permitted to
use the great water way which nature
has given them, and our honorable
senators and representative will -be
ashamed that they have not labored
more incessantly for the opening of
the river.
EDITORIAL NOTES.
All our public obligations are par
able In "coin.". They do not read
payable In "gold" or piyable in "sil
ver." Then why will it be repudiation
to pay them in the commodity specified
in the contract?
McKinley stands today as the candi
date of the corporations, the trusts and
brokers; Bryan stands as the candi
date of the masses. Our interests are
with the masses, therefore we take our
stand on the side of the candidate of
the people. '
The advocates of McKinley who so
vigorously denounce all opposition as
anarchists, socialists and traitors
might do well to bear In mind the fact
t'-at no man ever vindicated himself
or his cause by spitting In the face of
his opponent.
The Denver Times states that "visi
tors from the interior of the state re
port that the American flag floats over
nearly every country home and mining
camp." No one would surmise that a
lot of "anarchists'," and "crazy free
eilverltes" would make such use of
old glory" as this.
The republican managers say that
the public must be educated on the
money question, and they propose to
give them free tuition during the next
few months. The people are willing
to be educated, but they claim the
right to construe the text books ac
cording to their own ideas.-
The Irish World will not Support
McKinley, 'though It has been ultra
protection for years. It has a wide
circulation and wields a big Influence.
Boss Hanna's organs have made no
mention of. this, although they are
quick to record the flop of even the
sorriest democratic newspaper.
Congressman Ellis Will be in The
Dalles today, and while he Is here
let every citizens of the place who has
an Interest In the opening of the Cas
cade Locks wait upon him, and urge
his immediate action. A congressman
is the servant, of all the people and
they have a right to insist that he
serve their Interests.
It is a safe proposition that ridicule
is never resorted to so long as logical
argument is ..available. Hence the
amount of ridicule indulged in bv
the Oregoniaa in its efforts to
bolster up the "cause of McKinlev.
Having exhausted its stock upon Mr.
Bryan it now turns on Mrs. Bryan and.
c ills her an "unsophisticated Country-
bred woman." - -
Besolutlons of Condolence. '
WHEREAS, It has pleased the Su
preme Master Workman of the uni
verse ' to remove from our midst .the
dearly beloved of brother and sister
Kref t, and we their brothers and sisters
in the Degree of Honor being desir
ous of expressing our earnest and af
fectionate sympathy with the house
hold thus deeply bereaved, thei-tlure
be it,
Resolved, That we tenderly condole
with the family of the deceased in their
hour of trial and affliction, and de
voutly bid them find consolation in
the belief that all is well with her for
whom we mourn.
Resolved, That while we deeply
sympathize with those who were bound
to our oepartea irtena by tne nearest
and dearest ties, e share with them
the hope of a reunion in that better
world, where there are no partings, no
heartaches, no tears. ...
Resolved, That these resolutions be
transmitted to the family of the de
ceased, as a token of respect for the
Christian character of the dear girl
gone to her rest, and the interest felt
by the lodge in those she loyed and
cherished.
Resolved, That these resolutions be
spread upon the records of this lodge
and a copy thereof, be transmitted to
each of the dally papers.
1 MAHGABst.C. Herein,
MatildA Korden,
EJ ane'JBussell,
. . Committee.
AM ARMLESS NIMROO.
Msgs Game Than Any Other nan
In Um Suae Cvmtj,
Aa armless Nimrod is the wonder of
the peopls and the envy of the sports
men of Sucks county, says the Phila
delphia Record. Ho la John Simon, oC
Zioa Hill, and &la prowess is -some-'
thing marvelous. Simon's arms were
1 ground off above la -elbows in tns
j chinery a fswyecrs agrj, pet bis love
j of bunting spurred his Ingenuity, and
i be overcame bia seeming insurmounta
ble obstacle. He straps bis Bingle-bar-!
rel. breech-loading hammerless mm to
Jus right arm, And whan he sights
game Ae swmgs tne. piece over the
stump of his left arm, takes quick aim
and fires, generally, with telling effect.
His mode of loading Is as uniqe as his
shooting. He carries , the shells in his
hat, and when he wants one bows low,
drops bis hat on the ground, pulls out
the empty shell .with' his teeth and in a
similar manner loads, then pushing
bis bead into his bat to re-cover his
head. . . Despite . his affliction, Simon
- -haadone some of the best shooting in
Bucks county the past year, jus record
standing: Sixteen opossums, five
pheasants, five dozen blackbirds, thirty
seven rabbits and. twenty-cme quail.
TbatDr. Howard who was reorted
to have attempted to commit suliHe
by dropping into the river at Astoria
recently, has just the kind of a wife to
admire, and he would bo afoot to want
to leave her and seek a pluckier com
panion In heaven. The little woman's
Ire has been raised by the teports cir
culated regarding her "worser hairs"
escapade, and invites those-who ars
circulating reports about the doctor to
call at her residence where she wil)
convince them that they are econom
ical with the truth.
Treasurer's Call.
All warrant registered prior to July
9, 1892, will be paid at my office, next
door to T. A. Hudson's, Washington
street. Interest ceases after August
13, 1996. C. L. 'Phillips, :
' County Treasurer.
THE POLITICAL POT
All Party Managers are San--guine
of Success.
CAUSED BY HEAT
Hundreds Have Fallen Victims to
the Heat in New York
and Chicago.
The .Fatalities in Chicago are Greater
Than They Have Been in Nineteen
Xears Thermometer Regis
tered US at Troy..
WASHlNOTdN, Aug.-ll. Political af
fairs are quiet at the several headquar
ters. The weather seems to affect the
politicians. At republican headquar
ters letters from Kansas, Iowa and
Missouri all gpoke of improvement In
the political outlook, and said all that
was needed was to get quantities of
financial literature. .
The democratic campaign committee
Issued a document today on th "busi
ness men's campaign." It says that
the republicans propose such a cam
paign, and that the democracy accepts
the issue. . ' .
The document first quotes ? Mr.
Bryan's declaration that the farmer
or the hired employe Is as much a bus
iness man as the banker or the' big
merchant. It then gives a list of the
number .of persons employed In 14
gainful pursuits, including agricul
ture, mining, manufacturing, trans
portation, the purpose being to show
the comparatively small percentage
comprised under the head of bankers,
broker, wholesalers and corporation
officers, are business men, while from
the democratic standpoint the millions
of farmers, producers and laborers of
all classes art, as much business men
as the few who live, thrive and grow
rich by trading la the products of
abor.
A CRUSADE CF BLOOD.
Japanese Troops Against Katlves of For-
"VlCT ia, Aug, 11. From far For--mosa,
where for upwards of a year
Japanese trcoDS have been vainly
striving to crush out the seeds of post
bellum opposition to Japanese innova
tions, comes a story which, for bar
barous cruelty, and defiant Violation of
all ethics of civilization, has fortunate
ly few parallels in history.
The terrible tale of rapine, murder
and wanton cruelty reached here by
the steamer Empress of Japan, and
fully bears out the statement on the
situation In Formosa given publicity
by the Rev. Dr. Mackay on his return
to that Island six months ago.
Other eqnaily credible correspond
ents aro now the witnesses against
Japan, and the burden of their arraign
ment Is that, seeing neither fame nor
profit to be gained in the subjugation
of the Formosans by the arts of modern
warfare, recognized as legitimate by'
civilized nations, the Japanese troqps
sent to the island have embarked in a
crusade of blood, their object being to
crush out all signs of discontent by as
far as possible exterminating the na
tive population.,
- In this campaign there were no for
eign powers to make protest, no foreign
press representatives to herald to the.
world the atrocities, the telling of
which would bring upon Japan the
contempt of all enlighleued people,
Says the Talnanfu representative of
the China Mail:
"As a result, the policy of exter
mination has been zealously pursued
from the beginning of the campaign
and what, with the destruction of their
crops, the burning of their villages,
the desecration of the' graves of their
loved ones, the violation of their wives
and daughters, and the butchery of
their innocent children, the people are
driven to the last expedients of desper
ation."
CHICAGO UK AT a LIST.
Twenty-Four Fatal Froetratlons la Twen-
- ty -Four Hours. .
CHICAGO, Aug. 11. Twenty-four
deaths in Chicago during the past 24
hours from the direct effects of the
heat is the record. ' One hundred and
sixty-four deaths were reported to the
health department. This is the heaviest
list for one day sinoe 1877, during the
smallpox epidemic Of these unfor
tunates a large number were old per
sons and children who died either
from diseases aggravated by hot
weather or from summer ailmeute.
Thirty-seven were reported as dying
from sunstroke, but not all of them
perished. The listed prostrations
were 88, making a total for the day of
deaths and prostrations 112.
AH day long yesterday hospital at
tendants were busy applying remedies
to the victims of . the intense heat.
Never before in Chicago has the heat
been so deadly to animals life, horses,
cattle and smaller : animals dying by
scores from its effect;
NATIONAL COUMIiTfE MEETING
Democrats Appoint "Executive and Cam
t palxn Committee.
- New York, Aug. 11. The demo
cratic committee met today. Senator
Gorman offered a resolution that the
chair appoint5 a committee of 25 to be
known as the executive committee,
and a committee of Za to be known as
the campaign committee, Chairman
Jones to be an ex offico member of each
committee. The resolutions were
adopted without dissent. Gorman
followed them up with these. "Re
solved, that the campaign committee,
when appointed, shall in conjunction
with the chairman of the national
committee, select permanent bead
quarters for the natioual committee."
It Is thought that the headquarters
will be located at Washington with
branches in New York and Chicago.
Are Beady for Slgoatare.
CHICAGO, Aug. H.The agreements
under which the Diamond Match and
New York Biscuit stocks are to be de
posited with the Northern Trmi Co.
as trustee, are ready for signature.
The exaot terms will not be given to
the public until the signatures are re
celved and the stacks ready for deposit.
They provide, however, that the stocks
be placed in the keeping of a trustee
for one year and - the banks and capi
talists who own It are to be given non-
negotiabie receipts lor tne stocks de
posited.
THE LIST INCREASES.
Old Sol's Work of Destruction Continues.
Froetratlons are Numerous. . .
New York, Aug. 11. Twelve deaths
and 29 prostrations comprised
the first list given out at police head
quarters today of the casualties attrib
uted to -the beat. The accumulate)!
1 etfTanta r - sa t Vie n nralr nf nrt im ci
ly hot weather are shown in the num
ber of fatalities reported. There Is a
breeze today, but the temperature ot
11 o'clock was 94 on tbe streets and
the humidity 63 per cent.
In tbe interior of the state the hat
Is unabated. Troy reports four deaths
In the last 2'i hours. The thermome
ter hung In the portico of the city hall
in this city within reach of the heat
radiated from the asphalt walk but
still In the shade, Indicated 112 above
zero.
DEATH IS tan FLOOD.
Pittsburg and Vicinity Visited by Cloud
burst PlTTSBCRQ, Aug 13. A great rain
storm burst over this city .and vicinity
this morning at 8 o'clock, deluging a
territory several miles ia extent,
swelling the stream into torrents,
sweeping away bridges and buildings
and sending a score of human beings
into eternity. .
The storm came from the southwest.
Great banks of dark, angry clouds hov
ered over Pittsburg and the surround
ing country, turning dawn into dark
ness and striking terror to the heart.
Suddenly the clouds burst and tbe rain
fell in sheets, The heavy rain lasted
for fully three hours. ';
At Dehaven, a small town near the
Wild wood oil well, six people are re
ported drowned. -
Everything is washed out between
Sbarpsburg and Dehaven, Dehaven
has several hundred inhabitants, and
is situated about eix miles north of Al
legheny, on the old Butler plank road.'
Residents are seeking safety on the
hillsides. The lowlands at Sharps1
burg are under water, and tbe flood Is
spreading rapidly. ' .
. Reports from Capln Creek valley in
dicate that tbe loss of life from the
cloudburst will be heavy. At 12:35 p.
M., thirty lives were reported lost. Ibe
whole Pine Creek valley, eight miles
in length, is devastated. At Dehaven,
an entire family named Appleton was
drowned. Among the others lost are
Mr. Thomas Byrnes, lira. Thompson.
At Etna the water rose so rapidly that
the employees at Spang, Chatfield &
Company's iron works were compelled
to swim for their lives. The foundry
of Walter Watklns was also flooded
and the workmen narrowly escaped.'
HJAT OBADUALLV sCKSIDINQ.
But the Number of Deaths Seems Uns
tated New York, Aug. 13. The heated
-term has not come to a close, but its
Violence has subsided appreciably. At
11 this morning the thermometer at
the weather observatory registered 82
degrees against 85 at the same hour
yesterday. An eightmile breeze is
blowing from the northeast.. In the
streets the temperature is anywhere
from 64 to 88. The' humidity was 63
per ce,nt. The records at "police bead
quarters showed 10 deaths from the
heat between 2 and 9 A. M., and seven
prostrations.
A statement prepared by the weather
observer of official statistics in New
York city covering a period from mid
night of Saturday to. noon today, to
day's figures. being7 partly estimated,
shows a total of 1200 deaths, of which
434 are atti Ibuted to toe heat. An es
timate of the number of deaths from
heat in New . York, Brooklyn and
neighboring cities and towns in New
York state and New Jersey, from
August 5 to 12, Inclusive, is 631. The
prostrations for the same , period are
said to have numbered 1253. 1 ':
Fow cm at Variance.
LOrJIXW, Auc.12 Jtissemi-offlelally
stated tha't there is no truth in the re
port published by the Dally Chronicle
that Great Britain and Russia are ou
the point of reaohing an agreement
"to save both Armenia and Crete from
Turkish oppression without disturbing
tbe peace of Europe," which agree
ment, it was added, would involve the
presence of the Russian army in Ar
menia and the BritU'V fleet at Crete
"to guarantee Turkish compliance
with the terms of agreement." It is
stated on the other band that there is
great discord among" tbe powers as to
the measures that should be adopted
regarding Crete. Russia, It Is further
asserted, is showlne a marked disin
clination to allow great pressure to be
brought to bear upon the sultan.
Held to Grand Jury.
ASTORIA, Or., Aug 13. Four of tbe
fishermen Implicated in the rioting at
Booth's cannery Sunday last were to
day bound over to await the action of
the grand jury, ball being fixed at &500.'
The evidence was conflicting in the ex
treme, witnesses fur the defendants en
deavoring to show that Doxold, the
man so badly beaten at tne" cannery,
himself precipitated the trouble. They
aleo swore that one man inflicted all
the injury done Doxold, and that
the three others simply tried to stop
the trouble. Every effort will be made
to save thoe accused, and it seems
doubtful if any of the witnesses to the
affair will have the' moral . courage to
appear and testify to all that they saw
of the occurrence.
General Burlsou's Speeches.
Indianapolis, Aug. 13. General
Benjamin Harrison ' will be at tbe dis
posal of the republican stats commit
tee during the campaign, and tbe latter
will attend to arrauging his dates for
speeches. Practically, so much infor
mation is conveyed in a letter written
by the general to his old friend, Daniel
Ransdell. Mr. Ransdell said yester
day that the general had written him
that his understanding was that tbe
committee would want his services
about the beginning of. September,
but Ransdell added that he personally
had peen Informed that Mr. Harrison
would be wanted during the latter
part of this month.
A Free-Thought Congress.
CHICAGO, Aug. 12 Liberals and free
thinkers from all parts of tbe world
are preparing for a congress of liberals
in Chicago, November 13, 14 and 13.
Ft. G. Ingersoll and all the prominent
American liberals are expected. Mrs.
Besaot will come If possible. G. W.
Foote and Charles Watts, of . England,
have already promised to be on band.
The intention is to have a reunion
and jollification of all free-thinkers,
and every country on earth has been
sent an invitation to be present.
Philadelphia Leads. '
Philadelphia, Aug. 13. According
to .the weather bureau Philadelphia
Buffers tbe unenviable distinction to
day of being the hottest city in the
United States. At S A. M. tbe ther
mometer registered 82 degrees and at
noon, 93. A light breeze tempered
tbe air slightly, but the suffering was
as great as on any day since tbe torrid ,
speii began. .Between 2 ana 1 1 a. m.
Ave deaths, due to neat ana exnausuon
had been reported.
Bryan Has Laryngitis.
New York, Aue-12 W. J. Bryar,
the democratic nominee for president.
Is suffering today from an attack of
acute laryngitis.
FOPiLLYJM
Bryan and Sewall Waited on
by tha Committee.
JAPS WANT BLOOD
The? Seek to Subjugate Formosa by
Exterminating- Defenseless
Natives.
England and Rnasla are Unable to Beach
an Agreement by Which ths Feopls)
of Armenia and Crete Can be
Saved From the Turks.
New York, Aug. 12. At MadUcn
Square garden tonight, in the presence
ot a vast-concourse f people.'WIHia.n
Jenninus .Bryan and Arthur Sewall
were officially notified that they bad
been nominated for president and vice
presideut of the United States bv ths
democratic national convention at
Chicago.. The notification speeches
were made by Governor Stone of Mis
souri. In responding to the notification
speech of Governor Stone, Bryan said
tbat at a future day, he would, in a
formal letter , of acceptance, enter up
cn the issues presented by the platform
Continuing he said in part:
-citizens, eitner puuiio or -private,
who.ass.ail the characters and question
tbe patriotism of the delegates who
were assembled" In the Chicago con
vention, assiill'uhe character and ques
tion the patriotism of millions who
have arrayed themselves under ths
banner raised there. It has been
charged by men standing high in bus
loess and political circle, that our
platform is a menace to private securi
ties and public safety; and It has been
asserted that those, whom I baethe
honor for the time being to represent,
not only meditate an attack upon the
rights of property, but are the foes ot
social order and national honor. Those
who Btand upon the Chicago platform
understand the genius of oar Institu
tions, they are staunch supporters of
the form of government under which
we live and build their faith Upon tha
foundations laid by our fathers
"Our campaign has not for ltsbject
the reconstruction of society. ' We
cannot Insure to tbe vicious the fruits
of a virtuous life; we would not invade
the home of the provident in order to
supply the wants of tbe spendthrift,
and we do not propose vto transfer the
rewards of industry to the lap of indo-
lanna PiviiuFtH 4a anrl n-1 ) I v.. m nln
.WUKW. VVt .J U TT .
the sttmulous to endeavor and tha
compensation for toll. - Ws believe, as
asserted in the declaration 6f indepen
dence, that all men are created equal,
but that does not mean tbat all men
are, or can be, equal in possession, in
lability or in merit, it simply means
that all snail stand equal before tbe
law, and that the government shall
not.In making, construing or enforcing
law, discriminate between citizens. I
assert tbat tbe property rights, as well
as the rights of person, are safe In ths
hands of the common people.
"The Chicago platform has 'been
condemned because it differs from aa
opinion rendered by the supreme court
declaring the income tux law uncon
stitutional. Our .critics even go sd
far as to apply the' name "anarchist to.
tbose who stand upon the planks of
the platform, While the money ques
tion overshadows all questions of im
portance, I desire it understood that I
shall offer no apology for the income
tax plauk of ttie Chicago platform.
Not only shall I refuse to apologize for
the exercise, bv It. of tbe rtaht to dis
sent from the decision of ths supreme)
court."
Bryan then took up the money ques
tion us the great Issue of tbe campaign.
He said tbat it was scarcely necessaiy
to defend tbe principle of bimetalism.
Be said tbat any legislation, which
lessons 'the world's stock of standard
money, increases -' the exchangeable
value of a dollar, therefore the crusads
against silver must inevitably raise
the purchasing power of money and
lower the money value of all other
forms of property. Be then dwelt on
the injury done to' the farmer, ths
merchant and manufacturer by tha
gold standard. - .
Fusion In Washington.
- ELLENSBUJJO, Aug ' 14. A partial
agreement has been arrived at by ths
conference committee. The populists
get the governor and all the state
officers except supreme judge, stats
printer, superintendent of pupllo in-'
struction and attorney-general, Tbs
democrats are given one congressman
and there is a fight on the other con
gressman. The democrats get two
electors and the populists two. Thus
ratification of the convention. .
Treasury btattmcnt.
Washington, Aug.: 13. Today's
statement of the condition of the treas
ury sho:
Avauaoie casn Daiance....$Z47.i37,b4.
Gold reserve.. 108,733,097
The gold withdrawals today amonnt-
ed to S3 19,800, leaving th gold reserve.
In the treaiury Ii0o.i467o7.
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