Heppner gazette. (Heppner, Morrow County, Or.) 1892-1912, February 07, 1893, Image 1

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    7
6l-iX-1CV PAPER.
Some People
CIRCULATION MAKE8
OFFICIAL
Buy advertising tpace because rates are
lowgenerally the circulation is a sight
lower. Circulation determines the value
of advertising ; there is no other standard.
The Gazette is willing to abide hy it.
The Paper. Without it advertisers get
nothing for their money. The Gazette,
with one exception, has the largest circula
tion of any paper in Eastern Oregon.
Therefore it ranks high as an advertising
medium.
HEPPNER, MORROW COUNTY, OREGON, TUESDAY, FEBRUARY 7, 1893.
! WEEKLY NO. 517.
SEMI-WEEKLY NO. 666. j
TENTH YEAR
SEMI WEEKLY GAZETTE.
Tuesdays and' Fridays'
BY
THE PATTERSON PUBLISHING (MAN..
ALVAH W. PATTERSON.. ......Bus. Manager.
OTIS PATl'feiRBON.. .Editor
At t.00 per year, tl.50 tor m months, (1.00
tor three mouuu; II paid for in advance, 12.50.
Advertising Rates Made Known on
Application.
The " j6.CHj. " o' Lons" Creek, Grant
County, Oregon, ti published hy the srae com
pany every. Friday morning. Subscription
price, 2per year. . For advertising rates, address
buiKr X. SVA-TTEHSOSt, Editor and
Manager, Long Creek, Oregon, or "Gazette,
lleppuer, Oregoa. . v
THIS PAPER is kept onnle at E.C. Duke s
Advertiemg Agency. H4 and 65 Merchants
Exchange, Han Franoisoo, California, where cc
trnota for advertising can be made tor it.
THE GAZETTE'S AG'iNTB.
nr.M,. D. A. Ml
tter. :::::::::::rTT
Echo . Bob Shaw
Camas Prairie, .?,,cftr..UiVa!'1
Li....nn Allen McFerrin
N ve Or.. ' '. H. C. Wright
Hardmaii, Or . .. foolery
u.miitnn orunt Co.. Or . ..Mattle A. Rudio
ImmT. ' T. J. Carl
Prairie City, Or Q V !e i
ntii iW 8. L. Parrisl
Pilot Rock, . G'jP ktt,ow
jWiSyfe::::::::::::::::::::
..i,. iir JohnKdington
Pendleton, Or . . . . Wm. O. McCroskey
Mount Vernon, Grant Co., Or Postmaster
Bhelbv Or . Miss Stella Flett
, rJrantbo: Or.,. .... ..... . .. ...... -J- F.Allen
Eight Mile, Or Mrs. Andrew Ashbaugh
nJ?... h.. v B. F. Hevland
Diuglaso" ..-a- hite
Lonl Rock, Or K,'.,MJ?hn?,on
Gooseberry ti :w;V',?i5
Condon, Oregon Herbert Halstead
Lexington . . W. B. McAlister
AN AOEHT WANTKO IB EVEBY PWtClNCT.
Union Pacfic Railway-Local card.
No, 10, mixed leaves Heppner 10:00 a. m.
" 10, " ar. at Arlington 1-15 a.m.
" Q, " leaves " , S:.ri p. m. -"
9, M ar. at Heppner 7:10 p. m. dally
except Sunday. .
East bonnd, main line ar. at Arlington 1:12 p. m.
West leaves " TM P. m.
Night trains are running on same time as before.
LONE ROCK STAGE.
Leaves Heppner 7 a. m. Tuesdays, Thursdays
and Saturdays, reaching Lone Rock at 5 p. in.
Leaves Lone Rock 7 a. m. Mondays, Wednes
days and Fridays, reaching Heppner at 5 p. m.
Makes connection with the Lone Kock-lossll
trl-weekly route.
Agents. Slocum-Johnston Drug Co., Heppner,
United States Officials.
President. Benjamin Harrison
v: n.,H.n Levi P. Morton
beu'-e'ary of Binte J o in W- Fob"'
Secretary ot Treasury U,?clS? lJ"lSl
Ktrretnrv of Interior. J. W. Noble
,- ttecrelary of War.,
EJettretary of Navy.
Postmaster-General
Attorney-General...
Secretary of Agriculture
...Stephen B. Elkins
B. F. Tracy
.... John Wanamaker
W. II. H. Miller
Jeremiah Husk
State of Oregoa.
Governor fj. Fennoyer
8eor?y oTBt.te G W. McBride
Treasurer ...tPtul. MelBohan
Bupt. Public instruction . jt. B. McKlroy
Senators J. N.Dolph
5 Ringer Hermai
Congressmen W. Ii. Ellis
print.. Frank O.Baker
FnnUr (F. A.Moore
Supreme Judge.
' Seventh Judicial District.
Circnit Judge .' W. L. Bradehaw
i'MuieutinK Attorney . n. wusun
Morrow County Official"
Joint Benator
representative
rouuty Judge....
' Commissioners....
J.U.Baker.
Clerk
Sheriff
Treasurer
' Assessor
". Surveyor
' School Bup't
" Coroner
Henry Blackman
, J.N. Brown
Julias Keithly
.Peter Brenner
...J. W.Morrow
Geo. Noble.
W. J. Itteier
B.L. -haw
Isa Brown
W. L. Saline:
,.T. W. Ayers, Jr
BEPPKEB TOWH OMIOEM.
M . T. J. Matlock
Codncu'meiV.-.:".'..-..l O. K. JarnswortbuM
Uchtentiiai, Otis Patterson, S. P. Garngues,
Thos. Uorgui and Frank GillUm.
KS':"' jvw: Rasmus
Precinct Offleerf.
Justice of the Peace ? I- gl'r0,.
Constable J- J- BoberU
United SUtes Land Officer.
THE DALLES, OB,
J. W. Lewi. S'flll
T. BtLang
LA OBAHDB. OB,
.Receiver
Aniaover. . Register
A. cT McClelland .... ..Receiver
XCBST SOCIXTIEE.
fAom Nn. K. of P. meets ev.
rpn-j-- HMtn. At 7.B0 o'clock in
their Castle Hall, National Bank build
ing. Sojourning orotnen ooruiauj ,u
.,td to attend. H. BoHlBirKoaa, C. 0.
E. B. BwiKBDBKB, A.oia.as, U
KAWLINB POST, NO. II.
Q. A. B.
M eet at Lexington, Or., the last Saturday of
:ack month. All veterans are invited .to join.
I :. C. Boon,
Adjutant, it
Oao. W. Smith.
Commander,
FSOFESeXOSTJaJLi.
A A. KOBERTS, Bel Estate, Insur
' oce and Cojlections. Offioe in
Council Chamber!, Heppner, Or. ' swtf.
WhenF
At Abrabamsick'i. Id addition to his
tailoring business, he has added a fine
lint of underwear of all kinds, negligee
shirts, hosiery, etc. Also bas on band
soma elegant patterns for snits. A.
Abrsbamsiok, May street. Heppner, Or.
Kmobmaibh. Ed. Birbeok, a shoemak
er and repairer of many years' experi
ence, has ost located in tbe Abraham
aio cuilding, on May atreot, where be
is nreDHred to do eveiy thing in his line.
O't Birbock is strictly a first-class work,
man and warrants all work. Give him a
all. 14-tf
fVffin A MoFarland have Inst received
oar load of Mitobell Wagons, Hacks, Caupobnia Medical and Slboioal In
etc., and hve also large supply of farm- fduiabt, 1(i29H Market Street, Sao
irlg implsmesta of all kinds. a I Francisco, California. 466-ly.
VALUABLE -PRESENT.
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GIVES FREE TO OUR READERS
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Cleveland, Ohio.
This offer is made to any of our sub
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on subscription and one year in advance,
and to any new subscribers who will pay
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The OrlKinal
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r K t
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of tf" above book, and propose to furnish a
copy to each of our subscribers.
school and business house. It nils a vacancy,
and furnishes knowledge which no one hun
dred other volumes oi the choicest books could
tit. niriim itrv is a uvucuti, tucvcij uvu.ci
supply. Youngand old, euucaieu ana lguoram.
ncn ana poor, enouiu iive tt n ,tiu IMI.U, mttu
,nfBt in it. I'mitf iiltt everv duv in the vear.
As some have asked if this is really the Orig
inal Webster's Unabridged Dictionary, we are
able to state we have learned direct from the
publishers the facv the tills ia-the very work
complete on which about forty oi the best years
oi the author's Hie were so well employed in
writing. It contains the entire vocabulary oi
about 100,000 words, including the correct spell
ing, derivation anu ueuuuiou ui Bantu, aim 1.
Mm rfttnlar standard Bize. containing about
300,000 square inches of printed surface, and is
OOUlia 1U ClOLU UUtl tuuiucuu nuu w.vtt.
Until further notice we will turnish this
valuable Dictionary
First lo any new suDscnoer. ,
Second To any renewal subscriber.
Third To any subscriber now in arrears
who pays up. and one year in advance, at
the following prices, viz:
Full Cloth bound, gilt siae ana DacK
stamps marbled edges. $i-oo.
Malt Mo-occo, pound, gut side ana DacK
stamns. marbled edffes. Si.io.
Full bheep Douna, learner laoei, maruiea
edges, $2,00 - .... i
Fifty cents added in all cases tor express
age to Heppner.
WAi the publishers limit the time and
number of books they will lurnishatthe low
nrifo.. wn ndviiu. all who desire to avail them
selves of this great opportunity to attend to It
at once.
SILVER'S CHAMPION
THE
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Send in your subscriptions at once.
Address,
TXI33 NEWS,
Denver, Oolo.
LUMBER!
TTE HAVE FOR SALE ALL KINDS OF UN
I T dressed Lumber, 16 miles of Heppner, al
what is known as the
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PER 1,000 FEET, ROOOH, - -
CLEAR, -
10 00
- 17 tO
TF DELIVERED IN HEPPNER, WILL ADD
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z the moflt dfthcnle ennmtatitni. Pktasaitt to tAka,
S safe. enVetuAl. Otvn Imntedtun relief.
I Sold by drutfirlAtt. A trial bottla seat by mail
a OA receipt of 1-. canta Adtirca,
THE StIPANS CHEMICAL CO.
X antra stout xw tokk crrr.
. till STI , . '
w . .... "W
nVtSsJSS
iS W ,.r nauEATS
Highest of all in Leavening Power.-
ABSG! JJTEILY PURE
SAWYER'S BAKK RUN.
How the Senator Stoppod It In tba
Great PaniO OJU873. .
An Ingcntons Scheme Which Helped
the Banks of a Wisconsin Town
Throucll a Very Tight
Squeeze
Tbe panic of 1873 happened to be
mentioned in the presence of Senator
Sawyer while in Detroit lately, says the
Free Press. "I remember very well when
I first heard of it,", he said. "I was
president of a national bank at Oshlcosh,
Wis., with a capitalof fifty thousand dol
lars and four hundred thousand dollars
of deposits. I felt assured that if the
prediction was correct there was
trouble ahead. I arrived home in the
evening; ;,nd at once called the directors
together, told them the news and ad
vised that our bonds be at once convert
ed into currency in order to be prepared
for a run' upon the bank. They agreed
to it. I offered, to loan them several
thousand of my own ,bonds, and so we
nanaged to get together between three
lundred .thousand dollars anu iour nun
Ired . thousand dollars of bonds.
packed them into my grip and the same
oieht loft for Chicago.
"As soon as the banks opened in the
morning I went the jrpunds, trying to
exchane-e the bonds for currency. No
body would touch them. They were
afraid. They were in .our tlx exactly.
They wanted all the, currency they
could lay their hands on. bo wiuioui
waiting any longer I took the train for
New York. . "
I went to the bank -with which we
did business,- and somawhat to my sur
prise they agreed to taka all the bonds
In exchange for currency., i ney uiougiit
there was money enough in New York
to help the country out. ' The bankers
were even then sending currency to
Chicago. . As it turned but, they were
not as well oil a3 tuey uiougnt, iney
were, and I was very lucky in my early
deal. i
-"'Well; itt ir;sa-vthnn'an hour- thy grip
was emptied of the bonds and filled with
currency, i went up vu m.y u.t
PaiU my Olll. irnue winLtu;; A uuua""
an afternoon paper. The first news I
struck was a dispatch saying that every
bank in Chicago had suspended pay
ment. I knew what tho citect would
be on the country banks, and I mado a
rush for the telegraph office.
Ithad been agreed before I left home
that if I could not sell the bonds 1
should wire them that I was very sick,
If I sold only part, that I was sick but
should start for homo. If I was sue-
cessful, that I was quite well. I tele-
graphed: 'Never so well in my life' and
left for home.
"I reached homo about 7 o'clock in
the morning. The day previous there
had been somo pressure on the bank,
but depositors had been assured that 1
was on my way back from New York,
and that as soon as I arrived depositors
would be paid without delay. On re
ceipt of my telegram they were told
that I would be in on the morning train,
and that as soon as the bank opened de
positors would be welcome.
"Well, I went to the bank and made
ready. There was a narrow table in the
space behind the counter which stood
up against the walL On this we piled
the ledgers and other big bank books,
making a pile about two feet high and
as many in length. We covered these
books with the currency, and on top of
that what coin we had so as to make it
look liko a solid pile of money. We
l'd enough, anyway, to meet all claims,
but we wanted, if possible, to prevent a
run.
"In the meantime we sent out some
of the' bank men and friends of the
bank,- who went blowing and talking
f all over town that 'Sawyer had got
back with a cartload of money.'
"Well, when the bank opened thirty
or forty people came running in with
checks in their hands. When they saw
that pile of money it staggered them,
Some stood their ground notwithstand-
ingandgot their money, but most of
them looked sheepish, chucked theii
checks in their pockets, pretended tha
they had come in on some other busi -
ness, or snealted out witnoui a wora.
The news soon spread, and althoug
fifty thousand dollars was checked out
the whole of it and more was rede
posited before night. The depositori
at the other banks began drawing out
and putting in with us and threatened to
run them out.
"So we determined to put a stop
to that and not have a panic in the
town at all. We conferred with the
other banks, and it was agreed that it
should be announced that 'Sawyer had
brought money enough home to let the
other banks have all they needed.' This
did the business, and no run was made
on any of us."
Hard on the Ducks.
I" A singular story comes from Green
point, N. Y. A lar;e mansion in the
vicinity took fire, which originated ir
the main chimney, and the flames won
spreading rapidly. A young man rar
to the duck pen and "'ured a nu'nue'
of the largest fowls. Then he took!
ladder, and mounting to the top of the
house went to the chimney, from whiel
flames and smokes were pouring, anc
dropped the ducks one after anotliei
into the liery shaft. This ha1 the clfeci
of checking the flames and tho iiro wai
subdued.
Eipans Jabules : a standard remedy.
Latest U. S. Gov't Report
THE CRUELTY OF
FISHING.
Likened Vnto tho Klnughter
of Kltutu
or llutturlUs.
Shall I tell ypu what fishing Is like?
It is like an expedition of armed
soldiers going out to shoot kittens!
Like a man of war, full-rigged, cruising
for butterflies. What is a fish? An
armless, lecrless, witless creature,
weighing from a half to a couple of
pounds on an average.
What is a man? A monster with
hands that control cunningly-devised
and baited hooks, an average one hun
dred and forty-pounder in weight, with
a (comparatively) keen intellect and
the strength of a lion. Oh, it is grand
"sport" for him to lure tho little know.
nothings out of the cool, green depths
of tho water, mangle them with barbed
steel) impale them on sticks, cast them
down anywhere to gasp and die,
laughing the while to note their con
dition, writes "Amber," in the Chicago
Uerald.
Count me out of such "sport," if you
please! Call it a necessity and I will
brave myself to meet it, but while the
world swings on its way teeming with
jhanccs for innocent laughter and fun
I will seek my sport elsewhere than in
fishing. The flavor of cruelty spoils
the cup of enjoyment for me.
I won t go so far as to say a man
, necessarily a brute if he loves to fish,
. jt ;s man's delight to control and
master everything, from a horse down
His emotional nature is but little devel
oped as regards the gentler sympathies
and the more delicate sensibilities,
but when gentle woman, with her finer
feelings and more tender organization,
tells me that fishing is good "sport,1
and she enjoys it, I cover my face with
my apron and weep aloud.
It is not according to nature, my
dear, to see a woman bait a hook with
live bait, nor to see her gloat over
suffering in any form. If pain must be
inflicted, if anguish must bo encoun
tered in the world inflict it and meet it
as a grim necessity, but for mercy'
sake do not call . anything that causes
suffering a pastime. And in any war
fare, I pray you remember the law
, that gyemod your boyhood's sport
j "Hit a fellow of your own size."
-
BASHFUL BOD BURDETTE.
Ono Time When tho Humorist Was
Loss lor a Reply.
I heard a good and altogether new
story of Hob linrdette and tho late
Thomas A. Hendricks, says a writer in
the Kansas City Times. Several years
ago, while the lamented Indianian was
touring the west, urdctto was the
funny man of tne llurlingtoniiawiteye.
j In that capacity he wrote a good many
satirical verses concerning air. urn-
dricks. Ono day Burdette was at a
railroad hotel at Iowa City when the
proprietor called him.
1 "See here, Bob, said tho Boniface,
"meres a man in mu uimug-ruuui
whom you're just dying to meet
Come
, aiong,
Who is it?" asked the humorist,
hanging back.
"O, come on; it's all right," said the
hotel man, and with that linrdette was
hustled into tho eating room.
"Mr. Hendricks Mr. Burdette," said
the proprietor, whereupon a handsome,
smiling man arose from a table, and, ex.
tending his hand to the man from Bur
lington, said:
"And so this is Mr. Burdette, is it?"
"Y yes," returned the now quaking
humorist.
"You're the man who wrote 'The Bad
Man From Injianny,' ure you?"
"I did, but that was only in "
"Let me see," went on tho states'
man smiling. "Jt ran liko this, didn't
It',- '
' And Mr. Hendricks proceeded to re
cite the whole poem. Then he recalled
another nnd nnothnr. rocitino. before
he was through, half a dozen of the
' satirical outbursts in rhyme that had
been, directed against liim
! "I never felt really bashful before,"
said the genial humorist, now of Brook
lyn, "but that was the time when 1
would hove welcomed an earthquake
that would have swallowed jno up."
j
j ANIMAL INTELLIGENCE.
An Instance of the Proverbial Cuuulllg OI
. tho Fox.
We have often heard that animals
have intelligence, und have read many
instances of what thoy know. Perhaps
we have had some pot of our own that
has done things which malce us ulraost
believe it had reason instead of instincL
The dog is generally thought to be th3
most intelligent of animuls, and it Is
about him that we hoar the greatest
number of stories. Here is an illustra
tion, however, in, which ltoynard's
proverbial cunning was mure than a
match for canine !,ar;aeity. It is from
"IjC Petit l'ranonis," translated for
"The Voice" by Edyth Kirkwood:
"In the courtyard of the Chateau de
Montmolian, near Chambery, wore
dog and a fox, attached to their re-
spectivo kennels by chains of equal
length. A bone was placed before each
I of these animals, but in such a way
that it was just beyond their reach
The dog pulled stupidly on bis chain
stretching his head as far as he could
The fox after somo fniithless attempts
, turned bis back to the tempting morsel,
j then with his hind log drew it within
, reach of his tooth. The fabulists have
not deceived us in describing Master
ueyuord ua a nly fellow."
UNINVITED VISITORS.
ft la to Bs Hoped That All of Them Will
ItetiU Thia Article.
It seems as if measures ought to be
taken to put an end to promiscuous vis
iting; in regard to which there Is evi
dently no difference of opinion, writes a
correspondent of tho Country Gentle
man. In these days of incompetent
servants and anxious housekeepors,
even tho dearest friends can not feel
quite sure of a cordial welcome. But
when a horde of uninvited guests pre
cipitate themselves with colossal ef
frontery upon a quiet, and perhaps
frugal family, it becomes a moat exas
perating and intolerable ncinanco. It
is worse, if possible, than taking board
ers, because visitors expect to be entor-
tained and liberally entertained In
many cases.
One of the most hospitable of hos
pitable Westerners said that be gave up
his home and endured a boarding-house,
because he was "tired of keeping a
Dotel." Another gentleman declared
that he would put a small-pox notice on
his house if it .would keep away
undesircd visitors. And one lady
wrote to some friends urging
them pathetically to visit her,
because now she would liko to have
somo one in her house "whoso society
she could enjoy." A Western man,
traveling with his wife and niece,
thought it would be vory fine to visit
the Governor of a certain Eastern btate.
He nover bad' seen any mombor of the
family, but a niece of his had married
one of his sons. IIo drovo up to the
house; and had his trunks dopositod be
fore the door. The Governor's wife,
however, was a woman of dignity and
determination, and the Western travel
ers did not see the inside of that statoly
mansion. They departed with trunks
unpacked, and also with a good doal of
wondering astonishment.
Of course, this cruelly destroys the
beautiful halo surrounding tho hospita
ble home with open doors over ready
for the entrance of "angols unawares,
But when good Robert Collyor naive
ly declares that ho docs not wish
to "monopolize those angols," sinners
surely may be pardoned if they, too,
rebel. , ,-
Supposing each person should put this
notice on his house "No uninv'ted vis
itors reoeived" would even that
effectual?
Flowers at Funerula.
Societies for the abolition of flowen
at funeriils arc being organized ii
Baden, Germany The parent societj
in Wiesbaden was founded by clergy
men against the bitter opposition of al
gardeners in the neighborhood, wh(
denounced their action in public meet
ings and in the newspapers. The direol
impulse to the movement was given by
the repeated experience that at Jionst. rbir. spprppiatlon was conceded by
funerals tbe flowers occupied so inuel European bankers at tbe Brussels con
space that inadequate room was left ,fl;eu0Bi nd the fM ot K8nefal pr)ce,,
high official named Von W'urmb, re
cently, fifteen hundred dollars' worth ot
flowers so blocked the halls and fillet
the space around the coffin that the hab
of the persons who wished to attend thf
services were compelled to wait in thi
rain outside. Tho new society pro
poses to allow only relatives to sew
flowers horeaiter.
KEPLY TO AN ANSWKIl.
From the Rocky Mountain News.
A correspondent of the New York Trib
une, assuming that tbe sum total of gold
ooin in tbe world is a stationary quantity,
and that the annual produotion only dis
places what is lust in wear or isnsed in
tbe arts and sciences, while population
and the demands of oommeroe are stead
ily increasing, wants to know if tbe un
derlying difficulty in the money problem
is not that we are gauging all values by
gold, whioh fails to keep paoe with the
increase in population and property, and
wbiob is tantamount to a constantly iu
creasing shrinkage of property values,
Lie also wants to know bow, with a
single gold atsndard, the ourrenoy can
oe expanded to meet tbe requiremeats of
business and giva tba people relief from
suob shrinkage of values, so long ss the
added currency is convertible into gold,
In conclusion, be asks whether the de.
oline in general prices is not due to tbe
augmentation of gold in value.
The finanoial editor of tbe Tribune oo-
eupies several oolumns in replying to
these queries. He denies the statement
as to tbe output ot gold, he believes that
silver bas fallen in value beoause of
increased produotion and not beoause of
adverse legislation; be denies that silver
bas been or can be demonetized, while it
continues to be UBed by the nations as
money; finally, be doubts whether gold
bas appreciated as compared witb other
prodnots sinoe the mints have been
closed to silver, and be doubts that
there is any relation between the snpply
of tbe precious metals and tbe price of
tbe prodnots ot labor.
As to tbe annual produot of gold for
many years and its relation to tbe coin
age, tbe position of the Tribune corre
spondent, that there is little or no net
inoreose, is sustained by many autnor-
ities. The Tribune admits that there is
no certain data fur settling the question
OS
The only Pure Cream of Tartar Powder. No Ammonia; No Alum.
Used in Millions Homes 40 Years the Standard.
end (hat any conclusion mast be specu
lative and based on estimates. An aver
age of these estimates would not allow
a gold coinage increase of exceeding
$25,000,000 yearly, which is nothing
compared with the annual increase of the
world's oommeroe.
If silver has not fallen in value be
cause it bas been outlawed by legislation,
bow comes it that for three hundred and
seventy-five years, from 1497 to 1872, the
maximum separation of the metals was
only as 1 to 16.25, as shown by acoepted
authorities, notwithstanding tbe widest
divergencies during that long period in
the yield of tbe two metals ? It was not
until silver was denied its potential
rights at the mint that the metals be
gan to separate, and yet when this ad
verse legislation took plane there was no
pretense of difficulty in maintaining a
parity between them at the established
ratio. Silver was then at a premium
over gold, oommanding $1.32 per onnce.
The reference by tbe Tribune to varying
ratics in tbe earlier oeutnries to justify
the present separation between the
metals on the theory of produotion, is
not applicable to tbe case, beoanse the
commercial eonditions then were wholly
different, trade wes largely a matter of
exchange of commodities, aud there was
no record of the production of the
precious metals and no means of even
approximately estimating the quantity
of either iu the world.
As to the effect of production upon
the ratio between the preoious metuls,
tbe Hon. Henry Hucks Gibbs, ex-governor
of the Bank of Enulnnd, in tbe
Forum, says: "During the fifty vears
from 1803 the produotion of silver was
about twice t Lint of gold, end iu tbe next
tweuty yeurs, during wbiob tbe stook of
gold in the world was doubled, its pro
duotion was more than twice that of
eilver. And yet theFrenoh law of 1803es-
tublisbiug bimetallism was not shaken."
With sncb sweeping variations in produc
tion, why wns not the fixed ratio between
the metals Bffeoted? Mr. Gibbs em
phatically says that the market price ot
silver was brought down by hostile
legislation.
Tbe Tribune's denial that silver has
or oan be demonetized, since it is in nse
for subsidiary purposes, notwithstanding
it bas ceased to be a busi
of redemption
and baa lost its mintage rights, ib too
puerile fur notice; its doubts ns to tbe
appreciation ot gold since 1873, as' com
pared willi othor products, are not
shared by financial writers of any repntu.
in consequence of tbe derangemeut of
he currency consequent upon the con
spiracy against silyer, with the depres
sion entailed upon tho producing classes,
was the true cause of tbe presence of
eighteen governments at tbe lute mone
tary conference in search ot a remedy.
Sir Moreton Frewen is a very high
authority on the finanoial question. In
a late Fortnightly Beview speaking of
tbe monetary revolution of 1873, he says:
For hundreds ot years previously any
silver and any gold produced by the
world s mines had come to the principal
European mints, and was ooined for the
bearer, free of obarge, into money of
unlimited legal tender value; but since
1878 silver has been proscribed and gold
having become a monopoly has greatly
appreciated beoanse ot that monopoly
for the first time attaching to it." The
relation of the volume of the currency to
prioes an ample volume bringing good
prices and general prosperity, while
scarcity of money is invariably accom
panied by bard times and increased
indebtedness this is an admitted truism
and is sustained by all eoonomlc writers
of stauding. The demonetisation of
silver out off one-half tbe money ot re
demption, aud of oonrse entailed a
ruinous contraotion of tbe currency;
benoe the law prices and the billions ot
mortgage indebtedness on our farms.
Tbe tflVct of demonetization on tbe
currency is thus illustrated by Sir More
ton Frewen: "If two pipes flowing night
and day supplied water to tbe reservoir
of a ri.pidly growing city, and the flow
from one pipe were out off, conld the
previous water level be maintained?
Udder exaotly analogous conditions,
oould the world's level of prices estab
lished before 1873 be maintained, the
silver conduit being suddenly stopped?"
Tbe financial conspiracy ot 1873 must
be reversed before a return to general
prosperity in this country, for that is not
a truly prosperous condition in wbicb tbe
producing states are being drained of
their wealth and vitality to enrich a
comparatively few in tbe finanoial
centers in wbicb American fmmers and
planters have been rmbarrnssed with
debt nnd thirty per cent of tliira forced
from their homes beoanse legislation in
the interests of money lenders bas
rendered Ibeir labor, in all but excep
tional oases, unprofitable.
6a kin
Pow
de.