St. Louis Post-Dispatch du lieu suivant : St. Louis, Missouri • Page 4

and beneficence. Commissioner Stone is paper. See the evidences. our clrcu- 1USSOURX POLITICS. WELL-KNOWN ST.

LOU'ANS. Ilk 4 i BY MORETON PUBLISHED BY THE PULITZER PUBLISHING CO. Founded by JOSEPH PULITZER. CHARLES H. JONES, Editor and Manager.

Office 613 Olive Street. lation books. Reed on the stump for McKinley la a touching spectacle. The poor old fat Speaker, with nrs beggarly 84 votes In the convention, is still faithful to the most ungrateful of political organizations. Chairman Harflty made mistake In choosing a place for the meeting of the other fcy oppoginK the mevitable in the developments of the convention, Hungry Republicans are wasting a great deal of postage on Mr.

McKinley. Even should he be elected he cannot provide a tenth of the offices which he will be expected to distribute. Queen Victoria's hand has signed more important papers than that of any woman living, but- the abdication' paper" the interest of her oldest boy still awaits her majesty's If Richard P. Bland Is to be nominated the nomination will be made as all nominations ought to be, and it will restore confidence of the people in their servants. Mr.

Stevenson should not blame the Senators. That big' silver wave has taken every statesman off his feet in its grand roll toward the Missouri favorite. "We need no boodle," says Honest Dick; and the American people will prove that liis confidence In their good sense and honor has not been misplaced. Bill Garret have done wisely to resolve to make no stumping tours in the campaign. They do very much better to trust to the popular Imagination.

When Tom Reed gets through a stump speech for McKinley the man he made there will be a little taste of something like crow in- his mouth. Powell Clayton will make as great a show as possible in Arkansas, but many industrious political worker has never got into the Cabinet. Pierpont Morgan calls skinning the Government a patriotic duty, while Mr. McKinley believes that patriotic duties In high tariffs. Mark Hanna's mortgages on the White House may be very troublesome to lift even should the opportunity ever come lift them.

Mr. Whitney asking the Democracy to adopt the Republican platform is a queer Democrat. He isn't understood out this way. It Is encouraging to hear that the silver men at Chicago are working. Work means success, now and laten With Bland in the White House the Treasury Department would cease to be managed on Republican lines.

The name of the Chicago nominee is likely to begin with a' and the campaign will be a busy one. Bus and his associates evidently con sider that their seats in the Republican band wagon are secure. Hill rides on the Whitney train, and the gold standard crowd will all be side tracked together. Mr. Whitney is an expert swimmer, but he cannot swim against the silver billows.

There are other good men, but Richard Bland Is the most representative good man. Get into the Bland wagon; stick to Dick; stand up for honest money. The only way to secure the success of the silver cause is to vote for it. Friday will be an unlucky day for Mr, Whitney to arrive in Chicago. The Bland wagon bowls on and the band continues playing.

a i A platform with no greed in It is de manded by the people. America must lead, not Europe. Pulling Uncle Sam's Leg. From the Cincinnati Enquirer. Many of the gold brokers in New Tork who are advising the Democratic party that a free silver platform meants the enactment of a force bill care nothing about how elections are conducted.

They simply want to be let alone in the business of making money out of Government embarrassment, A Political Definition. From the Washington Post. An ofHceseeker is a man who runs for office without success. A statesman is one who runs for office ftnd manages Win. to Palse Pride.

From the Hartford Times. Old Lady: Poor fellow! I suppose your blindness Is incurable. Have you ever been treated? Blind Man: Yes, mum, but not often Tain't many as likes to bo seen going Into a bar-room with beggar. Those Troublesome Girls. From the New Tork Commercial Advertiser, There are 37,000 girls engaged In the tele phone service in the United States, and when a man is sending an important mes sage over the wire every single one of the 37,000 Is trying to cut him off.

The Listless Soul. From the New Tork Press. "To love and not be loved," one saith, "Hath in it all the woe of death." Tet he who loves and unloved Is, Knows not one tithe the pain of this: The emptiness of space above-To be loved and yet not love. WHEN I'LL NOT KN0W. The Hickory Grove Republican are mourning the sad fate of Filley.

The Bland train from Springfield to Chicago wilt leave on Sunday morning. Twelve new Democratic babies have arrived In Good Hope vicinity in ten days. The ticket nominated by the Pettis County Democrats is called "a good one from top to bottom." Maj. Bittinger calls Ben Russell a liar because Ben asserted that thcKerens success was brought about by treason and boodle. The silver Democrats of St.

Joseph were charitable enough to permit a gold standard member of the party to be made a delegate to the State Convention. The editor of the Rosendale Signal, who charged Mai. Bittlnger with accepting i faW oja thrt I most unscrupulous and brazen newspap i If t. "I r-; uar Missouri. v.awwmc County who th.

i.tinot. a imr.utaes of an Amer- lean freeman and who Is tired of being a slave to Eastern oppression" is expected to join the Bland The Perry Enterprise says: "Dave Ball, as he Is known to every man, woman and child In Pike county, has ever been active In the affairs ot his party said has repeatedly proven his ability as an organiser and a game, steady fighter." The Moberly Democrat suggests that the old "Democratic Rabbit Foot Club," which did such valiant service four years ago, be gotten together at once and go with as many members as possible to the National Convention at Chicago. It Is reported that Capt. W. A.

Wight, the Democratic nominee for Representative in Randolph, has received a challenge from Rev. Brooks, the colored Republican, nominee, to stump the county and jointly discuss the political issues of the day in the coming campaign. The Leader-Democrat says of the coming State Convention at Springfield: "Not only will there be superb accomodations for all visitors, but the Baldwin theater as th convention meeting place is ample for every iic-cLi. ii gne or ina larerenr in triA Ktnto about the handanmpxf la va.ui.eu auu suosianuai." A Complete Dictionary. Webster's International Dictionary, the great modern successor to Webster's Una bridged, and the product of ten years of unremitting labor by competent scholars.

Is fast taking the most prominent place as the great American standard reference worit in all well equipped offices, schools and colleges. It is a new book, from cover to cover, and although containing a wealth of useful matter not to be found in the Unabridged, it is not so large as to be un- 1 1 3 a wt-iuy a iaun wun some or the more pretentious dictionaries. Webster's Inter national Dictionary, as now presented to the public. Is a credit to its compilers and to the United States. Without padding or the offscourings of the language, it con tains all that business men, students or scholars desire In a complete dictionary.

As a reliable work of reference it stands every test. The Decadence of the Theater. From the Washington Post. The bicycle is blamed because of the fall ing on in the theater's patronage. But should it be blamed? Other amusements do not suffer through its influence; why, then, the theater? Moreover, the theaters were losing money before the pace be gan to gall the kibes of other branches of industry.

The stableman, the tailor and the Jeweler have cause to complain, but not the theater. The fault "is to be found elsewhere. Managers are losing money, because they no longer please the nubile THE PUBLIC EYE. CLARK HOWELL. Editor of the Atlanta Constitution and an ardent advocate of free silver.

The Spread of Free Silverism. From the Kansas City Times. Whatever may be thought or said of the folly of the idea, there can be no doubt that free silver has spread throughout the country like a prairie fire and after taking complete possession of the Democratic party, at least in the Suth and West, it is now quietly, but none the less surely. invading the East, and even such a creditor State as New Tork. with its millions of dollars hoarded in savings banks or Invested la mortgages on Western farms, signs 01 me presence or the Infection.

The Illinois Plag Law Decision. From the Washington Post. There is no doubt of the correctness of tnis aecision. we believe it to be sound in iaw ana morals. The act was a piece 01 Bemimeniai ioiiy.

it was an attempt on the part of a majority of a Legislature dominated by sentimentalism to force a growth of patriotism. It presumed th absence of that sentiment, and for that reason it was reit to an Insult TJnw that the law Is defunct, the hoisting of the national standard over school-houses will oe optional witn the officials in thereof. charge Mr. Hanna Was Absent. From the Pittsburg Press.

The burglars that entered Mark Hanna's nouse got away witnout losing anything. Air. naiiu was auseiil at tne time. Victory. Air "Daisy Dean." The ground-swell is coming The mudsills are humming.

The forks of the creek are ablaze The voice of the people From watch-tower and steeple Proclaims the approach of better days. Chorus A orignt entrancing aream A hope-inspiring themes The holiest that ever was known. We'll doff the party collars And vote for silver dollars. And we'll soon have homes of our own. With the West and South united.

And the North and East divided. The plutocrats are fighting to a fall And everything that's in it Ts ours if we win it: When they win we know they claim It all. Old Missouri set the pace in th Pres'dentlal race. With a burst of speed phenomenally grand to I I 2. I I I I I I an officer of the national government, Congress passed a law.

to protect the Mississippi and all the people living along Its banks from this kind of pollution. If Commissioner Stone took the law to be mandatory' upon him two or three weeks ago, why does he expect to evade It now? It ought not to be necessary for the War Department to have to prohibit this unclean and unhealthy method of dis- posing of garbage. If the city cannot compel the Sanitary Company to remove i it, the merchants snouia dispose ot themselves, and if possible compel the city to reimburse them for any extra expense Incurred. SHALL WE "CONCEDE" BLANDP Editorial correspondence of the Repub lic from Chicago, discussing the candidacy, says: The chief argument against 'film, is tne doubt expressed as to his strength In the Northwest. This argument has oeen maae to Senator Jones of Arkansas, ana has evidently made an impression, as the Senator in his interview with a Republic correspondent lays stress on the point.

But why. If the candidate is to run upon a free silver platform, should not Mr. Bland be as strong, and stronger, in the Northwest, or any other section, as any other candidate? The Republic does not say, and neither does benator jones, but the Senator tells us what he thinks of the Republic's support of Bland. We quote from the interview: "I see in the Republic," he saia, a. statement that Mr.

Bland would have enough strength in the Convention to prevent the nomination of any other silver candidate. If I thought that statement was inspired by Mr. Bland I should despise him, Senator Jones was assured that Mr. Bland had nothing whatever to do with the article in question, ana was asked If It Wasn't true that everybody knew that Mr; Bland was ready at all times to sacrifice his personal ambitions for the cause of free coinage. You may know it," said he, "but all the delegates to the convention don't know it.

If the article was not inspired It must nave been written for the purpose of injuring Mr, Bland's candidacy." In the same issue of the Republic in which this interview appeared there is an editorial indorsement of the declaration of Campbell of Ohio that "the majority at Chicago must concede and conciliate." Concede what? The platform is already fixed. The only thing for the majority to concede is the candidate. The only sacrifice it can offe the golden calf is Bland. THE NEW ST. LOTJIS LINE.

St. Louis business interests should certainly not suffer at the hands of the reorganized railroad line leading to the Southwest, and incorporated originally as the St. Louis San Francisco and the St, Louis, Atlantic Pacific. This line leads into a Territory filled with great possibilities for St. Louis trade.

Before the lines fell Into the Atchison system they were not strong enough financially, or were not managed in the proper way, to compete success fully with the great Chicago lines ox the lines running out from Kansas City Into the Southwest. Under Atchison control their history was that of all the leased lines in that system. So far as they were managed at all the management was more for Chicago than St. Louis. The new company now coming into control is understood to be strong financially and to have taken the property for the purpose of making dividends.

Such conditions and objects will lead to good management, -and good management can only be along the line of promoting St. Louis business interests in the section the road penetrates. The extension of the line to Oklahoma City will not be long delayed, and the building up of the Fort Smith division will become a necessity of growing traffic. We welcome the new St, Louis line. A BUSINESS MAN'S VIEW.

It has long been a false assumption and boast of the gold standard supporters that they include practically all the active and intelligent men of the business world. Never true, the claim is farther from the truth to-day than ever before. In a signed letter to the Post-Dispatch George A. Bayle, active in St. Louis busi ness circles, points out the inherent hypocrisy of the claim that international agreements are a necessary preliminary to silver coinage.

Mr. Bayle writes: Does not protection mean American com merce independent of international trade? The goldbugs prate about international agreements In financial matters; why not international agreements In matters of tariff? Where the business Is done, the money will come. Finance follows and seeks business. The political trade which put high pro tection and the gold. standard into one platform is certainly a sorry shift.

The one is a defiance of foreign nations; the otner a surrender to them. -Mr. Bayle brings out clearly the fact that Interna tlonal tariff arrangements are as practicable and as necessary as International monetary arrangements. But he Is particularly strong In the two compact sentences: "Where the business Is done the money will come. Finance follows and seeks business." How long will it take the entire busi ness (not banking) world to realize thi3 vital truth? Ex-Presldent Harrison's Presidential private secretary has a leg fracture from a bicycle fall; but It was no such a fall as Mr.

Harrison might have got had he been unlucky enough to receive the St, Louis nomination. A Presidential fall Is one that breaks a man all up. There Is a man In Philadelphia who says that it is much easier to read one's character and past and future from the maps on the soles of one's feet than from the palms of the hands. This ought to be highly interesting to the Chicago ladles. Rose Eytlnge well says that the past Is bore.

Certainly no lady should be annoyed with Interrogatories that go back of her own years; nor is she bound to answer any question fixing a time In her own life. The Post-Dirpatch's large and sub stantial circulation should be kept inl In the an lie to Ernest T. W. Meier. Ernest P.

W. Meier was born In Westphalia, Germany, Nov. 13, 1831, and was educated there. He came to. St.

Louis when 19 years of age." After holding several clerkships he started In the queensware business eight years after coming to this city. He has been a member of the House of Delegates, the City Council and the Mullanphy Board. He has been treasurer of the German Lutheran Synod for 20 years. He is now at the head of the firm of E. F.

W. Meier Son, wholesale queens-ware. MEN OF MARK. It is said that, for the third year in suc cession Mr. Gilbert of comic opera fame drew the Derby winner in the sweep at his club.

I Friends Fitzhugh Lee, the new Con sul-General to Cuba, declare that he compounded first real mint julep that President Cleveland evei drank. M. Jules Simon left. no wilt but a short time before his death gave to his friend. M.

Leon Conn, a bit of paper on which, with feeble fingers, he had written his last wishes. Among them was a request for the folllowing inscription to be place on his tombstone: "Jules Simon, 1814-1896. Dleu Patfle-Llberte." Only one man, it Is" said, ever' declined a Vice-Presidential nomination namely, Benjamin Fitzgerald of Alabama, who was orig inally named on the straight-out Democrat ic ticket with Stephen A. Douglas at the Charleston convention In 1860, and refused to accept, whereupon Herschel V. Johnson was substituted by the National Committee.

Mr. Johnson's son is a lawyer in Savannah and was a delegate to the St. Louis convention. WOMEN OP NOTE. The Empress of Russia Is nearly two inches taller than her husband.

Queen Victoria wCl pay all the ex penses of Li Hung- Chang's visit to England. ''HA Miss Olga Nethersole, the- actress, is the daughter of a wine merchant of Deal, Eng land. Mrs. Augustus C. Pease of Hartford, Conn.) has given the site of trie charter oak for a charter oak memorial.

Miss Daisy Barbee, a niece of Mayor B. P. Waggener of Atchison, graduated with the highest honors from the law de partment of Washington University, at St. Louis, last week, having captured the thesis prize over thirty-eight competitors. She was the only young woman in the class.

Miss Fanny Crosby, the hymn writer, is now more than 70 years of age. Though she has been blind almost from birth, she is always happy and cheerful. For thirty-two years she has been In the employ of a firm in New Tork City. Among the hymns which she has written are In the Arms of Jesus," "Rescue the Perishing," "Jesus, Keep Me Near the Cross," "Come to the Savior" and "Keep Thou My Way, Lord." FUN FOR TO-DAY. "I love you unspeakably, Molly." "But perhaps you might speak to Fliegende Blaetter.

First Ball Player: They say this umpire's goin to get married. Second Ball Player; Is he? I hope he'll know how It Is himself not to be let talk back. Puck. Midsummer Joy. "Say, Dobbs, all your family are away; what do you keep your alarm clock going for?" "I want to wake up every hour and realize that I don't have to walk the baby." Chicago Record.

Toung Father (anxiously): Is It a boy or a girl, nurse? Nurse: It's three of 'em, sir. Three lovely boys, Toung Father: Good gracious! This comes of marrying a girl whose father was in the wholesale line of business. Woonsocket Reporter. Mr. Winks (solemnly): A noted physician says that deadly bacteria lurk In bank notes, and many diseases, especially small pox, are spread that way.

Mrs. Winks Mercy on us! Give me all you have, right off. I've been vaccinated, you know. New Tork Weekly. Adapted to the sleeves.

From Fliegende Blaetter. FREW: lean mints open to the free Iars we shrflf open mints aa coinage of rupees. Are there Kaunas for the conviction, 1 held, that such a monetary lit bimetallism In America a monometallism in inrii maintain the world's iH nt venture, ef course, to dogmat ui tne problem is so ln and the experiment by the United t. ucmrr next year ct in ltol Is so ly probable, that it Is worth wJ thOSe Who hnl.l that tV, A vr.Hm.n be attended with disaster to offer aorr, xor our consideration more convincltia prophecies. In the first place, then, free coins Amerk-a would bring the Asiatic excha promptly to par for the moment, at I and, assuminf that you are right, that ther would be nanlc sales of Am can securities held her, perhaps 40.000 Binning or American srold would flow 1.

Europe. This great flood of arold wot be to inflate prices here to some tent, to thus Inerease the exports from United States, and also to rduce the premium at Buenos Ayres and elsewhe tnus checking exports of wheat, whl compete with similar exports from Am lea And, again, the prodinlous rl in exchange Asia would expand Europe exports to Asia, and, until gold prices In naa risen, wouia greatly contract expoi from Asia to Europe. Thus a double inflj ence favorable 10 the balance of trade In th United States would be exerted. Th states would export more to Enalandl be cause Asia would export less, and lhi- America's gold, as well as her serurf wouio go back to her. Secondly, bee England, selling more goods to Asia, rupee, the dollar, and yen betni par, England could then also buy produce from the United Stites.

1 ftee coinage In the United St might, in the first place, tend to dlsp gold, there would almost simultaneo be exeited an even more powerful tende for gold to be "hipped west from Eur In order to liquidate what It seems to must be an Immense trade balance in of the United States. Aa to the at idea oie frequently encounters, that win aump silver upon the American I and carry off gold, it Is hardly nece to examine this fallacy. It Is for th Jectors to show why Asia should glv metal which to her Is alone money order, to buy the other metal which Is no money, and why also the white meta. should withdrawn from the hoards ot the Orient at that moment when it appreciates, 1n order that it may be changea for the yellow metal, which just depreciated almost one-half la ter of rupees. The present Lord Aldenham (then Hucks Gibbs), in his evidence before Currency Commission In 1SS6, declared In his jodgment, America with open could maintain the parity without There Is no one who- has had a practical experience of exchange pr than Mr Oibbs; there is no one whot ion Is mo-e entitled to respect.

Ant. that evidence was given what hav seen? On a certain Monday in June, we saw the two metals at a parity to 24; on the Friday of that week the ity had become 1 to 304. And why? cause the Indian mints had been to free coinage. Now, It Is not pr to argue seriously that, while the of The Indian mints had thus eno reduced the gold price ot silver, ye opening of those mints would ha to bring about a rise; so that It assume that If between Monday day the ratio fell from 1 to 4 tc then between Friday and Tuesda Indian mints been reopned, the have tlsen from 1 to 3om to 1 supposing, further, that on the the United States had accepted age at 1 to 16. Is it inherently imi, that sach a vast country, with boundless exporting capacity, could lifted silver to 68Vd? Permit me to recapitulate.

The dlffere. betweea open mints and closed mints India hus been demonstrated by the.expr ment of 1893 to be silver afSOVi and at SSd, and, this having been ascert Is It the folly, Is it the lunacy, is It tl. honesty that the New York pra-ss so declares it, if we venture to hold tha difference between open mints In the States and closed mii.ts In the Ui. States, Is the entire difference betw 38d and In other words, if Inc contributes a 25 per cent lift to silver giving it free coinage, why cannot Amenci contribute a further 50 per cent? Wh; cannot sne lift the ratio from 1 to 24 to to 16? What, permit me to ask, with much respect, Is your view as to this? We are-aware that you favor bimetallism, and nat merely "by-and-by fnhr a mnnpirr union over a strictly lim- area u.ill establish the parity, or. It not, tlrnn the whole system la chimerical; because If bimetallism needs to be universal, then, also, It follows that our opponents are correct In declaring that the system Is impracticable, because the defection of one or two warring nations would serve to de-Btroy it The new French Prime Minister, M.

Mel-Ine. on Saturday last, when pointing to the rapid spread and acceptance Dy experts ui the bimetallic theorem, declared that what alone is now needed Is the "electric spark. Such an electric spark may very well provf to be a free coinage plank in the Natl Democratic Convention, which meets st cage on July 7. or even ir tne itepuoi party should elect its President, still filank, unless countered by a similar rr. the Republican party, will certainly cure to tne uemocraiic pariy vne run until 1900 of the all-important Senate; wh' as on the other hand, the monometai counsels of Mr.

Cleveland and secret rarHiA ahould they dominate the party Chicago, will both leave In that party record of a aisgraceiui nurrmnw anu leave of that party for a generation to con not one stone standing upon another. Such is the great exenange i-risis unic to-day confronts the whole world of tradi Its effect" upon International tra le, dimly perceived, are probably Inflniu rrmtrr and more complicated than any lis at all appreciate. have seen, with tr. srreat rise in tne goiu pienuum i x.uniu Avres sinc 190, the wheat area in tha. country increase from acres In tO 7 141000 acres in iwo, period the wheat exports Jumped up from less than a.OOO.OoO qrs.

to nearly 8.000.000 qrs. Here Is a competition which, while the prea is shouting for "honest money," has mada Kansas and Minnesota not less lcolata than Essex and Lincolnshire. On the other aw. In 1893. an artificial, a man ipulated, rise In the exchanges between dla and tha Far East strike the milk Industries in nomoay mm vy an rion operatives thare were thrown of work In a few weeks, while yarn expo from Bombay fell off one-third, and Government of India was obliged to corns England because of the exchange dlstui ance and the contraction of exports, exac' as America has to-day to come to Kngial because of the contraction of her in nrder to borrow gold.

We have seen tn experiments in excnunne, wo ov. r- pert, such as Mr Hermann SrhmlJt, actly foretell. In evidence before Uoyal missions, tne rcauua from thes experiments; and yet silly pie lher ale who still declare that -lea exchanges with four-fifths of mankind Immaterial, because International trade merely International barter!" Let me only add, in conclusion, Kurona and America are indeed to be rratulated If. because of ths Intuitions the commo.i people In the Western Ilj-nul we are tiov very near the dawn of be days. At time when political lea lorv disappointed and disgraced.

th ern nations, unguided and unguarded v. a MAr ii OTr i r. mm th- d. ing In the dark as to the magnitude of ifsues involved, have come within an of being routed and their Industries mated by nai ncnc t. given their silver money to our competitors at half price.

If, then. hlch competitors at half price, torn ceed in evading tne greats wlto which wa have ever been con fro nwe our not to our st have failed us. but lo th mv fol uim of than ail th hut not all of them all the time." Inljp aid Lincoln, again, know, more onej anyone utterance wm ucoessor. th- present wui am of the Cabinet cc klv blar lhemt" imimi Vf fit L- May SS. tction of pseudo-Liberalism, false eoo and half-truths (wow than any 17 the great American nation 1lil I IM "It may be well to notice as error lata which many persons Ignorant of the currency question have fallen.

They accuse the committee of desiring to rob the present public creditors In order make up for the Injury done to the public debt-era in 1819. To such parties the committee recommend an Inquiry as to bow far the present relations and obligations of society are in accordance with the present raid coinage; and they will find that what the committee desire Is to prevent rurther appreciation, or further robbery of the debtors, and not to rob the public creditor. The veraae of prices and wages is still about 23 per cent above the present gold standard. It Is the ttemDt a further reduction which causes the Present universal embarrassment. Will or can the agricultural and commercial classes submit to this reduction? And.

if so. would It be possible to eollect the amount of revenue required by the Government?" From the Memorial of the Birming ham Chamber of Commerce, addressed to Sir Robert Feel, Dee. 2, 1842. Sir Tour Interesting leader of the st upon the currency situation in the United States may be shortly summed up In, the following theses: That no legislation by the United States, single-handed, can establish a parity between gold and silver. That the free coinage of sliver In the United States Involves silver 8.

That Kold monometallism is to be preferred to silver monometallism. Now, in the opinion of the silver narty In the United States, if (1) is sound, then (2) an honest silver currency, such as Germany had until 1873, and India until 1893, Is infinitely preferable to (3) an appreciating gold currency, even if whicn is more than doubtful that gold currency can be main- tainea-at all. As a general statement of the fina.nnia.1 nnRltinn rf tho ITnitaWI RtatM ft interest payments: flou.UUU.UUU on loans, id, 000,000 remittances to travelers and absen tees, $75,000,000 to foreign ship-owners; bo that ithar ViQO avrwnfta Viniro avis? Vio.it imports by sterling or she loses gold, or, failing this, she has to borrow to pay the interest, thus piling higher the Permanent interMtt rharypfl I venture to think that the debts of this nation of 70.000.000 people are -even larger than I have stated them. The general con dition of financial strain, and consequent political unrest, in the United States seems to De not less than la now tne case in Austria, where the annual interest paid abroad by 4,000.000 people is known to be some 15,000,000 sterling. If we take, for ex ample, the State of California, this state is in population, in resources and climate about the peer of New South Wales.

The annual Indebtedness of New South Wales is officially stated at 5,000,000 sterling. May not the debt of California to New York and to Europe be about the same? and. If so, how can California any more than New south ales permanently sustain the bur. den of a 60 per- cent fall of prices, which fall must have exactly doubled the burden of her external debt? Thus the one issue in the United States which Includes the other issues, such as the mere color of her money and the fiscal methods by which her revenue snail be collected the one para. mount issue is this: How can the United States secure a sufficient balance of ex ports over imports to continue solvent? Now, I contend that if, as you admit to be the case the world over, a depreciating currency stimulates exports and contractu imports, then that portion 01 public opinion in America which favors silver rather than gold is intelligent.

For scheme and readjust and tinker with the tariffs aa you will, you cannot make a silk purse out or sucn sow's ear; you cannot restore the balance of trade to the United states unless ner cur rency legislation is such that it drags up tne exchanges between ana Asia: whereas every further movement in Amer lea or elsewhere toward gold monometal lism drags those exchanges down. In short. eold monometallism in tne united states involves an increased competition for the Industries of white men everywhere, at the hands of the yellow race or tne orient and there Is not a consular report which comes to us from the far East but em phasizes this statement. What, then, is the argument for single-handed free coinage in the United States? It is this. Either free coinage will eetablisn Dimetainsm ror the whole world, or.

falling this, there will be such a gold premium in JNew lorn as to-day assists exporters In Russia, in all Asia and nine-tenias or soutn America. This gold premium, unlike a protective tariff, will stimulate the exports of the United States, wniie acting, just as protective tariff does, to reduce imports therefore, either free coinage wm give bimetallism to the whole world, or, fail- ins; this, it will tend to secure that ex rpai -f Amprican exDorts over Imports. which is the only possible alternative to further gold loans, leaaing up to uuiraiie Insolvency. These, then, are the arguments which favor a non-appreciating, or even a depreciating, currency in the Urrited States. the other band, 1 ao not see, qua 11s economlo aspects, what possible advant age can accrue from a gold standard and a gold currency.

A gold currency in Amer ica cannot raise it cannot, inueea, 10 further denress the European exchanges with 800,000,000 of Asiatic exporters. It cannot, therefore, fail to still further throw the balance 01 iraae Bgamsi uuneu States, unless, indeed, by further contracting the American currency. It forces down prices tnere 10 sucn a pomi us 10 con tract violently Americas impure uiura. And a pretty lookout for England thatl In short, the clamor of our press that America shall become gold monometallic seems to involve either tne insolvency ot our greatest debtor or the decline of our export trades to America, or both. There IS tnis runner pumt wnrcn yuu emphasize that if America copies our gold standard "confidence will be restored," and we will lend her more money; thus aggravating in the future the very disease from wntcn sne suners.

kjh wie giucr unuu, if she goes to free coinage we shall, in a nanio. return her securities, and thus sell her back her railways and industrials at halt nrir-e. lust at that very moment when. her legislation navmg eni in rupw, ins tael and the ven to nearly, or quite, par. th innrt trades of the Orient will be fiit- into, and the exports of the American farm, mine ana xaciory win inpit place.

In other words, because of the In ane injunctions of a portion of the London press, our Investors there will be so misled as to sell American stocks to Americans at that very moment wnen in America nrnaneritv is about to set in. You remark that I describe America as "the greatest debtor nation on earth," and you aao. fhat nn rar-T. IS conclusive hkmiiibi. um- tr.tr nnv course tending to lower ii f-rodit But would "iree ULUUt Silver lower Its creaiL, even biiuuiu 11 volve a gold premium 11 cenamiy wuum tr rrarlA an sericulture there im- nrnvsri.

and the railways did a larger business at better rates. The credit of a country is not determined by Its iir hv its orosoerity. Thus India's crean. me ri borrows, has greatly improved side by side also has Russia's. Of the Argentine and 1.

r.r too much to aay that in i 111 iiMr 1 1 rtiui convertible paper issues, and the stimulus thus afforded their exports because of depreciation, has alone enabled these coun- their foreign loans. And what Is lacking lr? the United States is not really the lenders' confidence in the currency; it Is rather the conviction of both borrower nd lender that money voi.ru will earn no profit; that the 1 norils of a fresh "resumption' period are just ahead, and that while prices over there are even now depressed below 1 .1 nr nnai 0 1 1 1 1 1 1 iiicry iuubl isv depressed per i uimn 3 Imports, under any tariff, can be a tn norrnlt cold to remain at Virm currency. And. further than this, let me ask how, ir imports are iu be checked by a high tariff, is the neces-an, tA ha a.uri1 for the Federal UovernmentT If. then, as 1 oeneve.

i critical position of the suits from the present change between Europe only be remedied by will raise those exehar United States re- or ex- ean said for the policy hould that policy Invo In New York. It Is nf America who will be it la the exporter words, the English me go further, and to TERMS OF SUBSCRIPTION. BY CARRIER, ST. LOUIS and SUBURBS Daily and Sunday Per Week lO Cents DaUy and Sunday Per ..45 Cents Sunday Per 20 Cents BY MAIL IN ADVANCE. DaJy and Sunday Per Annum- $6 OO Daily and Sunday 6 Months $3 OO Daily and Sunday Per 60 Cents Sunday Per Annum S3 OO Sunday 6 Months SI OO Weekly-One Tear 60 Cents Dat'y and Sands.v, by carrier.

In town outside of Bt. ioni, 15 cent a -week, 60 cents month. Week day only 10 centa a week. Remit by money order, draft, or In registered letter. Don't Kud checka on your loeal bank.

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And 469 The Boo kery, Chicago. AS THE it Silvery Stream wends Its way (Atlantic) oceanward, does it now Post-Dispatch -ward In the form ot New Subscribers. And so will it next week glide Chicago-ward. for the Summer If so, you will want the home new 8 and will have the POST-DISPATCH follow you. Give order to your carrier.

The address may be changed as often as you like. No extra charge for postage except to foreign countries. "THE EXISTING; GOLD STAND ABD MUST, BE -PRESERVED." Be rmblican Platform. TAXING THE PEOPLE RICH. The McKinley plan of allaying discontent is to increase taxes.

A special from Canton to the New Tork World says: The Major assumes that this wave of sllverlsm is not really a demand for the use of more silver, but a popular cry for more money. He will therefore meet this Impression by pointing out that the Government needs more revenue, and that with ample revenue the money stringency will be decreased. If there is another way for a country to raise revenue than by. taxing Its own people it has never been discovered. A dollar has never been deposited in the United States Treasury which the people do not pay, either before or after deposit.

Uig McKinley idea, then, is that the more money you take from the people the richer you make them. To satisfy the "popular cry for more money" you have only to take away more of the money now in circulation. It is an axiom in political economy that "A rich government makes a poor people." But McKinley. being a Napoleon, is under the necessity of making precedents. He would promote prosperity by increasing public revenues.

If two dollars out of ten is paid in taxes he would double revenue and prosperity by making the tax four dollars. The resulting prosperity would soon force a repetition of the doubling process, and, as it rrw i. uuve ioo mucn or a od it would then be necessarv wipe out. in taxes, the remaining two uunars or tne original ten. Then we would have the Millennium or a error.

JTATJEENECK LIKES HIS JOB. Mr. Taubeneck dislikes to let go. There are rich and rare perquisites pertaining to me unairmanship of a national party committee. The Chairman of such a committee 13, in fact, a butterflv for vhnm the flowers bloom the year round, in winter as in summer.

But Mr. Taubeneck Is hard put to it to jusuiy nis opposition to Populist in i iJiana. Mr. Bland has a meiong Democrat, he objects eame oojecuon can be urged to 80 jer cent or tne men in the Populist party ut Mr. JTaubeneck answers himself, toment later, by saying that the nnmi.

Ation of Mr. Teller at Chicago would tei wun I'opuiist approval. Yet Mr -eller has been a llfelon Reniihiia. If old party allegiance is a bar to Popul vrcierment, in what way Is Mr Teller more available than Mr. It is Impossible to avoid the conviction ir.

lautieneck Belects Teller be-fause of the certainty that he cannot nominated at China s-n. Tf clumsy trick, which proves nothing more "f1" lat iauoeneck likes his job. NO MORE BIVEB, POLLUTION. In deciding to allow the dumping of "commercial" refuse into the Mississippi while he writes to the War Department for further Instructions, Harbor Commissioner Stone has taken a step that may be a temporary relief to the mtfchar.ii but is wrong In principle. The pollution" of the river from the dumping of city Karbuse had been stopped.

Why re- Wrlttea for The Post-Dispatch. The years go dragging by In loveless wise. And with each year pales pa-sion flame. I know you do not hate these binding ties But you are wedded, too, to fame. Give me a kind word as we onward go.

For maybe sometime, sometime I'll not know. The essence of all living's love, my love, You'll learn it when the goal is reached. And you'll look back think of days known of. 1 "i Recalling oft he Htila wort '-of wo, snv nn. And fUng her banner to the skies Emblasoiied with th ner- Bland.

r- mi balng occasion to sieving mat tne un 4r-r tha purir.