Sterling Standard from Sterling, Illinois on May 13, 1897 · Page 18
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Sterling Standard from Sterling, Illinois · Page 18

Sterling, Illinois
Issue Date:
Thursday, May 13, 1897
Page 18
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0?.Y ri svf-, outs i HAVf A MONETARY May B* StfstrtJom «M to the Csras* test Sot a* to tfei fa Hi* West and ftmctli— StutJstte* tracing the morement for a Istger Tolnnis of circulation back for a • sebte of years it will be found that it few invariably manifested greatest strength in the agricultural sections of s, pis country. Obviously, then, vro mast seek for the underlying causes in these etamtinities. When the subject is analyzed, it vfill jbe observed that the ground for discontent. at existing condition^) lica in the ifact that notwithstanding greatly im- jjrroved means of production, notwithstanding greater facilities and materially reduced rates for tho transporta : tlon and distribution of products, tho ngiicnltnrist, upon whom so large a jpart of our economic system is dependent, finds himself, generally speaking, ; B?ter a twelvemonth of hard work." no farther ahead than at tho beginning of the year, and in many instances his status is worso. Throtigh the failure to make a proportionate income he has not :been able to reduce, but has, in fact, increased his money obligations. It is not maintained that such 13 tho • case throughout tho laud, nor are all agriculturists entitled to equal credit for care and economy. Many cases there nre, doubtless, where sympathy is not deserved, but in most of tub communities where discontent prevails tho reason hero given is tho truo one, tho dis- ficrtatious of self satisfied theorists to tho contrary notwithstanding. Numerous examinations made by ^painstaking investigators warrant tho statement that tho unequal distribution of capital and of money and tho consequent gross inequality in interest rates are tho chief causo of tho inability to carry on tho important business of 'agri- " culture pronTiablyv ~ T ~ r The sections of tho country polling the largest silver vote 1880 have, generally speaking, insufficient credit facilities. The small farmer who, advancing from the condition of farm laborer, seeks n larger . measure of independence and greater comforts for his family, is not only compelled to mortgage his realty, frequently at rates as 'high as 15 per cent, but is under tho necessity of borrowing upon his prospective crop. Having no banking office to call upon, ho turns to the storekeeper, who extends credit for the needed rapplies and taxes the borrower first for interest upon the loan, second in the - way of increased prices for staples fur- Dished and finally in the way. of dis- couiits or commissions upon, the product of the farm" turned in aa payment. . These items not infrequently aggregate 80 per cent upon the actual credit extended; and in a very largo number of cases the total exceeds 20 per cent. It is perhaps unnecessary to add that business of any kind nnder such conditions would be unpofitable. IB it, then, surprising when the agriculturist, who knows little relatively of the principles of sound finance, imagines that^nlncreaseinrihe volume of money would benefit him? Is it to be wondered at, when' he hears or reads of 'money going begging at 2 per cent in tho metropolis, he fancies that, by some hocus pocus, Wall street is constantly striving to grind him down? It is our business to teach him otherwise; to teach him that the prosperity of the commercial centers ,is closely interwoven with his-^-is, in fact, largely dependent upon his welfare — but tho leeson can only be brought home to him by the introduction of means through. which his own prosperity shajl be assured. •• For, even as 'it is impossible to interest a starving man in the plan of salvation, so the debt ridden farmer can only acquire faith in our views of sound finance Vh^u relieved of his present onerous burdens. To him a system which operates so unequally as the existing one does must appear not only unsound, but absolutely tyrannical. Any change, lie feelfi, .would be for the better. Consequently the southern farmer demanded the reinstatement of the state bank . note system four years ago, an'd last _ year the free coinage of silver appeared to him the nest solution of the difficulty. The remedy is manifestly not to be found in any form of inflation of our circulation, but in providing by legislation or otherwise increased credit facilities, both . for . long term loans upon mortgages and short term credits upon crops, and » better distribution of 'the drcalation" which we have. In'this, as in many other matters, we- inust refer for guidance to human experience elsewhere. In no country has the system of 'advancing abort time credits to agriculturist* reached the high state of development which is found in Boot-. land. The Scotch banker has learned that the farmer is, toader a well guarded system, aa fairly entitled to credits to float iris venture as the merchant or the manufacturer. Scotland has one banking firm for «aeh 4,000 of population and a ratio of banking capital to total resources of toattkis of 1 to 1 2. By this economy in the use of capital the banks are able to deelare dividends averaging fully 10 per cent while giving credits ordinarily at rates rarely exceeding- 4 'per cent, *ad every luuulet iu the kingdom has a tasking office witbiu ita limits or in its Iwmediate vipiuity. » * * Taking the ttatesof Alabama, Mississippi and Arkansas as au example, it will !» found that theso have about 4,00-0,000 population and 171 banking including private bunkers, » total capital of 4 17,000,000; to- fsii miaarofcs, $4&,GQ0,0QQ ( or a ratio of to jresotacfia absmfc i to 8 1-8, o»e bwp&fug office to 88,000 of pop--' fin! thf> f r~>|-. ( pr i«s < trollm- of tho cnrrency, in his annual repor* for 1898, presents a fable showing ths banking poorer of the several stat«s nnd territories, from which- the folio-wing abstract is compiled, to illustrate this point more forcibly: BAJCKISO *»O-WRn PSS CAPITA M> STATJW, 1838^ Nation- Loaa a), frtnte and and trust Bay' private com- Ings banks, panics, banks. .152.83 110.95 420.91 - AH. 64.03 185.75 «1.(S2 20.80 22.78 .04 2.41 1S2.80 84.68 .OS) 0.84 1.08 29.09 between 4.83 £82.00 127.00 18.70 sass 86.57 73.67 the Haslmtun, Rhode Island .121.85 Minimum, . Ar• hnnsftfl,,... 4.80 •6 New England Btntcs..... 78.60 fl mlddlo stntes 09.74 13 southern stntes 17.08 8 central statM.. 48.14 13 western states. 84.80 4Pociflo states... 40.88 — The great' disparity banking facilities is seen- at a glance. The six New England states, with an estimated population (1896) of 6,200,000, possess nearly $79 per capita; the 18 southern states, with 20,000,000 population, show barely $18 per capita, or 23 per cent of the former. Including savings banks and loan and trust companies tho ratio -is materially .reduced, the south showing only 7 per cent of .the amount given for New England. Analyzing the items given in the last column, as stated in the comptroller's table, it is found that the states and territories representing 70 per cent of tho population have less than.83 percent of tbe entire banking power, estimated nt f 0,700,000,000.—Maurice L. Mnhleman in New York Herald. *, FUNDAMENTAL' EVILS OF OUR SYSTEM. QUESTION — SOME PRESENT TAXING By Frederick »t. CrnnfNn, St. FtiWIo f > in "Free Coinage" Demand Ig Misleading.' If any advocate of the free coinage of silver dollars 'or copper dollars or iron dollars -at any ratio, 10 to 1, more or less, will agree to stop there and ask nothing more, I for one am prepared -to meet him, and in that way to stop tho .present contest. Who would want them? __ free coinage on those terms. Not one ot them would bo satisfied. Not, one of them would then' get what ho is. after under tho pretext that free coinage and "equal rights of gold and silver" are all that he wants. I challenge uny one to find an advocate of free coinage at 16 to 1 on these simple terms — that both gold and silver should bo treated alike; that both gold and silver coins shall be made for any one who takes tho bullion • to the mint to any number that ho wants. I challenge any advocate of free coinage to deny that froo coinage, pure and simple, is not what he demands, and not one of them will dare to meet this challenge. • • , • This demand for free coinage is a cover intended to conceal the true purpose of those who ask it. -Most of thoso who support this measure have been deceived and misled. Let such men put the question to any owner of silver mines, to any senator or representative in congress or to any and every candidate oif~the free coinage platform in the following terms: "If we grant free or unlimited coinage, without charge for the coining, will yon demand nothing more?" Not ajnan . jvho__knpw$ what the true purpose is will answer "Yes" to that question. — Edward Atkinson. Increasing tho Volume of the Currency. Capital—By dividing this one dollar it becomes /two, which makes more money. I pay you these two dollars for wages, you see. '•'•... Labor—B,ut when I go to buy bread •I find them only worth one, so I don't see it.—From "Robinson Crusoe's Money." by David A. Wells. Can't Export Law*. No civilized country can confine its citizens within its own territory or prohibit all commercial intercourse with other countries..'' Every country,' therefore, needs money which can be used in purchase from-and in payment of its debts to other countries. Yet, hawsoev* er great a country may be, and however absolute may be the power of its government, its laws can have no extraterritorial effect. No government, therefore, can prescribe the standard by which its currency shall be valued in •any other country, or compel the citizens of another country to receive 'its currency eaVe at the bullion value of that currency in the markets of tho world. . • ' Silver Ventus Milk. Up in Iqwa they have given up silver and have a softer snap. They make $41,600,000 in loNya from their cows alone. That beats free silver, doosn't it—beats |t all hollow? They make $41,600,000 selling milk, butter, chee§e and calves. and at the eudvof tho year, they have the same old Bossy and Speck and Spot and Brindle and Bgss that they had the year before. Tha Kansas «ow is sticking her head .over the pasture fenced lowing and rnoQiug, wish her bag swelling with $41,OOQ,000 .worth of .milk, while tho old man Is down town tearing fcis fljjjrt because the plutocrats woa't coin 136,000,000 worth ot silver, —Biaporia (Kan.) This wonld probably raise 4he total to £800,000,000 (|1,000,000,000), -which •would bear all exponsea of the govera- j ment and provide every child in the kingdom not only -with free (Schooling, but with food and clothes enough to prolong.Jiifl._ attendance to at least 16 yearn of nge. If you want to regeberate society, give to the people -their birthright iu the land, nnd you May dispense with poor relief, outdoor and indoor. What a spectacle for a Christian country—$1,000,000,000 takfen from the people and $60,000,000, one-twentieth of the amount, given back to those who nro left utterly destitute 1 Ifc is na if' a baud of robbers should ''hold up" a train nnd,'after securing $100,000 from tho express oar nnd tho passengers, voluntarily give $5,000 to.some sick "and despairing passengers who represented thnt they had nothing left. These knights of tho road would be thought not such bnd follows nfter all. Tho English landowners nro'not at nil bnd fellows. . "Oh, but these poor people nre InzyC thriftless nnd intemperate I" nays Mr. Letalone. Are these dukes; then, such hard workers? Do they work so much harder than the coal miners and dock laborers or the clerks and senmatresscB of England? They may bo hard working and useful men, or they may bo.utterly •worthless. This docs not effect their power to take the earnings of their fellow countrymen. • . Just roflecfc for a moment on some of tho figures I gave you awhilo ago. Here nre three men owning on nn average over 600,000 ncres npieoe, a, dozen or more 'estates, with palaces, castles nnd "town house* ,to mirfcbyT,vhlle~TnillibnT of their fellow countrymen nre without afoot of land or one decent room, to shelter them nnd their families. They need not give a thought to the people who support them in idleness and luxury. They can have their rents collected by an ngent nnd never, see either tho tenants or the .estates. And, what ia their title to this land? I can best answer by telling n pertinent .anecdote." -,'..'•'' I have shown you that in Great Britain 38,000,000 people are tho slaves of 5,000. Most of theso slaves belong to 525 nobles, who, ns Sir Anthony Abso- i lute puts it, took "the estate with the live stock on it as it stands.'' In New Zealand 000,000 must pay 2,000, some of them the same old masters that they left England to es'oape, for'the privilege of using the land and the air and the sun-' shino there. "Lay not the flattering unotion to your soul" that it ia different here. Ifc is merely a mntter of degree, and it is graduallybut- surely- growing worse. I use the word "slave" advisedly. . "The ownership of land in the south .is the samo pernicious thing it has come to be in every civilized country in the •world," "industrial slavery, a slavery more excruciating in its exactions, more irresponsible in its machinations, than that other slavery which I once endured."—Thomas T. Fortune, nn ex- slave. t ' '. «',-.' it was through tha acknowledgment of tho ownership of the soil thnt the Gennans lost their political liberty. In a review of the change of the social conditions of Europe at the close of tho tenth century Stubbs says: "The ideas of individual freedom and political rights Ifove become so much bound up Jwith-theL-relationsoreated-by the possession of land as to he actually subserv^ ient to them. I*and has become the sacramental tie of all public relations. The poor man depends on the rich, not as his chosen patron, but as tho owner of the land that he cultivates." Of course it could not bo otherwise. Through a contest of centuries, including four revolutions, the political liberty of tho old German tribes has been regained, but political without industrial liberty is hollow and self destructive. , And to one who studies the subject it becomes self evident that industrial freedom is absolutely incompatible with the private ownership of land values. -,; ' .. Some one may ask, "How does it happen that nobody perceived the injustice of this system and the evils produced by it till Henry George pointed them'ont?'^ In so far as this is meant to cast discredit oh the reform it has no pertinence. Borne one has to take the initiative in every movement for progress and reform. But Henry George was not the first to point out the injustice of private ownership of land. As the steam engine and the locomotjver wejre foreshadowed before the inventions of Watts and Stevenson, as the germs of the Go-. pernicaii theory may be traced back to classic philosophers, so the idea of the injustice inherent in the private ownership of land found expression long before Henry George was born. In\1783 there was published a book entitled "An Essay on the Bight of Property/ In Laud." The author was William Ogilvie, professor of philosophy in the.Uni- versity of Aberdeen^ himself a hereditary Uind iowner. I quote from a page opened at random: ' ' "The public good requires that every individual should be incited to employ, his industry in increasing the public stock or to exert his talents in the- public service by the certainty of'a due regard. Whoever enjoys any revenue not proportioned to such industry or exertion bf his own or of his ancestors is a freebooter,-' who has found uieaias to cheat or to rob the public and. more es- jjeoially the iudigeut of that district iu Which he lives.. But the litueditaxy of a gm*t Itmd hold*? ia wholly <r>< inv- r.ff» ft of Ms to *hr> in^ns'Ty of W^v -u-K^ cultivate the roil. In respect of their indnstrr, theTfrforn, it is ft tailta, ot progresfdva tax, -of the most- pp.rnioioTift nature, and in respect of tho land holder himself it is a premium given to idle- HOBS and inducement . to refrain from any active employment and to withhold his talents, whatever they are, from the uervice of his country." ETHICS IN BUSINESS'AND There are those who 'deny that we era to give any heed to feeling, and thdse on the other \eho say that we must heed nothing else. We need not follow either extreme. We ought to fefil right and we ought to do those things that we feel like doing provided our feelings have been instructed and corrected by knowledge and will. It is Bometimes onr duty to do thnt which .we do not feel like doing. For instance, Bometimes wo feel like saying sharp things about those who do not please us, or we feel ,liko neglecting thoso we do not like, when we ought to follow the judgment and dp good unto them. On the other Hand, there are feelings that nre too high and holy to be meddled with. ' Do we need sentiment, morality, in practical-politics? Need I nsk when every city of the Union hns a civic feder- ntiou, when taxes nro increasing with- out'corresponding benefits, when scarcely a law is enacted by congress but it is tho result of n lobby, when the old boast that wo have no class'legislation is not even mndo nny moro bccnnse wo have scnrcely any 1 other kind, when money is tho' controlling power, nnd when influence, votes nnd intoxicants are bought and sold- as the prime factors in securing an office. I urge every man to make politics a ^'matter of righteousness, truth nnd purity. Let us put Our Sandy conscience into our ballots. Politics and business are vitally related. Any political pnrty models its platform solely on a financial basis. &Det yon will all .hare time. to fish, »Bd whether yon fisto for sport or profit, you will Bed the finest, largest find ene&p«8t Has of Fishing Tackle in the county at.. .* - . E.J* Feigley & Son's, 309 Locust St., Sterling, III. Just Received, A car load of Bran and Shorts, .-.• at... Knn the risk of bufinjjt sled Groceries ami so The "EAGLE will mtet any and all ce» tor's' prices, quality cons and stand readjf to statement. ' Look! Lewis ReitzeFs, t ' - ' Cor. Second Ave. and E. Third St., STERLING, ILL. There are no great moral issues politically .beforo us. Some of tho small parties attempt to advocate moral issues, but even they advocate the financial side and appeal mainly, to the financial arguments. Whichever party promises best wages and largest gains wins, provided it^can mnke its promises believed. Hence to affirm that morality, justice, ought to reign in politics- is to affirm that business ought to be moral. . • I do not affirm that all business men or transactions are wrong by any means. But wo all know that there is a tendency among business men to act in a way toward others in transactions that they would not act as humanitarians. We know also that many business men are the victims of a system—competition— that they detest, yet they must oither violate their sentiments of right, be satisfied with a,low sense of right or fail. Indeed there is a prevailing belief that anything is justified that brings cash returns. " • ' • —•Competition, while not entirely evil, is yet an unrighteous system. In mer- •chandizing, 00 per cent fail, and surely a system that victimises 00 per cent of its members is not a righteous one. r^Qurmerchants^as juclassivro^as intelv ligeut, upright, liberal and religious us any other class. In their methods they exclude sentiment. Ninety per cent of them fail. On the other hand, we take' tbe church and", the family and the school—all institutions that ore perpetuated largely because of sentiment, and 00 per cent of them succeed. Reduced to the utmost, if >we are to live-solely to make money, tho church, family and school are not at all necessary. Indeed, they are in the way, for they cost lots of money and give no financial returns.. ' Now, it is plaiu_that_ both>busine8S and politics need sentiment. It is a strango*thing that we sanction any, methods in anything that exclude the dearest sentiments of the human ' ' HOW ABOUT YOUR MILK . nd CREAM ? I deliver promptly to any part of the city, the beat in the market. Buttermilk Included. HIRAM MOVER. E,Third St., Sterling, in 4 Ibs. Fancy Cal. Peaches..., 7 *• " " Prttn*>s,.... 4 cans of Blackberries........ 4 " .«' Black Baspberri«s. 3 " " Strawberries 1 Ib. of Good Coffee Can tJofn. ......... 1 '.> Can String Beans >.I 1 gal. Good Syrup 9 And ail Prices on Groceries suit the times. J. P. Overholser^i STERLING, ILL; To the Ladies! Do pot fail, to take advantage ot the Bargains in • > Ladies' & Children's Underw^r Yeats, Pants and .Waists, from 5 cents up, at the Ladies' Bazaar. , Lace Curtains a Specialty. Locust Street, second, door north of =. -. Gaiti House. Going Out of Business. . Before purchasing elsewhere, give us a call and the benefit of t.he GREAT REDUCTION we t made on all our TRIMMED STOCK, which braces all the LATESTand LEADING styles, prices that will surprise and please you. CALL AND BE CONVINCED. . pisses Cook & Hopkins, 20 West Third St., Opp. Randolph It may bo said with curled lip and sneering tone of tliis paper, ;'.'Thnt's sentiment," was sentiment that built the home, the sohoolhouse and the church; that rocks the cradle; that feeds and guides and trains infancy with such love and care into noble manhood and womanhood.' It was sentiment that -made Rome great and mode it possible for Macauley to say of the nation in its greatness; .Then none was tor a party; Thpn nil were for the state. ' ' , '. Then the great man helped the poor And the poor man loved the great. Thou lauds were fairly portioned. Then spoils were fairly sold. The Romans were like brothers • In the brave days of old. . j; w. "May Flowers" Follow "April BUT WE FOLLOW NO ONE. "ALWAYS LEAD." Tennessee Strawberries arriving daily, with fresfif Vegetables of all kinds; ; WE INVITE YOUR OVER&5EIDEL, THE , CORRECT GROCERS*:! What if Not Miracles? The great If pur-C.Remedy is doing work wherever intrbduCedas nearly m'waoutosi' as it ever falls to the lot of any human agency to do (I will esteem ita^ favor lor any one interested to write the persons whose names appear below or anyone whose name may appear , among these testimonials.)' . • My afa Isto conyinc8tli8 public of my siaeerlty and of tbe true meritgoftlils BENEFACTORS OF THE RACE. .--• . Office of "KisoFiSHZB Time," KlngUsher. Okla., Deo; 12,1 The New York Sun names thf best ten poeius in the English longaage— viz., Shakespeare's '.'When In, Pisgrace With Fortune," Mjltpn's "Whea I Consider," Burns' "Baunockbara, '^Blake's "The Tiger," Scott's "Pibroch of Dbu-' aid Dhn," Tennyson's M Bngle Song," Campbell's "Hohenlinden," Emerson's "Brahma," Thackeray's "At the Church Gate" and Kipling's "Ganga Din," These are all good, but will hardly bo admitted to be the best by com^ petent jndges. . • , Jbsen Has written a new play, "John Gabriel Borkman." It is a stroug plea for, righteousness in all the affairs of life (Stone & Kimball, New York). The Eoyul society of -Jjoudou has .elected 1 Professor J. W. Gibba of Yale tq its membership. Nearly all tho now expressions introduced recently into English are by American -writers. a line in regard to tbe beneficial effect ot Pbefps "Four 0 Kemedy," to fsr as 1 am person»lly concerned. A week ago last Thursday, I was taken with a eevere attack of la grippe and in a short time became BO hoarso I could not eptak above a whisper. Tbe night previous I had coughed newly the entire niebt; lu»t before wtlrinK I took a teaapooniu UndilepjtQjesntlrenlKhtMswBetly *a ever I did in my life, notoouKbingonw. I was •otirely rcliuvcd before taking one bottle. Phelps' Cough, Cold and Croup Cure should be in every household iu the land. I sead you this wholly unsolicited by auyope, for you are benefactors of the race > in Kiving it the antidote lo* Rome ol the worst affliction* io which it i» hel», . Very Truly Voura, , C.J.NBSBITT, Editor. t I com , stooped Kan«a* City, Eaotac, Dws. 8*. "91 , Deo. 19, my attending phyalolaa stated uuless j waa better by wprning do nothing tor my relief. That nig menoed taking Fhelp'i "Four C" remedy, stoo all other mediotuea. Tbe first done stopped cough; elept and reeled well; a few more doses removed all soreness from my lungs; the second day I was up: the third day I WM out oaths porch and to-day waa up town purchasing holiday good*. Mies JJHOOB BAsaxiT, Washington A.VB. and Sutanjit St. CROUP CURED. One dose of Phelpa 1 Cough. Cold and Croup ' * 11 dloetant wlief when altackea W. E. MOOBH, of Moore Bros., Grocers Arkansas City, Kuuaas, UNBROKEN RJEST AT NIGHT, B.«.Ph.ip.,EK., City. teBtunony'totfesJ remedy l£tbr«§l! have been «bs»» J J - . - . „ . medioloi . . —. a test of your "Uni fonjinfng tnat at leant one ready made in,*?.?"? oft °¥i *?> oWWWB an tote 2nd IM Ob 3 eo «on 1 from oldest to almost immediate. A single .im« « ff?!» «»•«>• '.»<?>elr beginning; it'll* .. . .... • ACUTE LARYNGITIS. preparation ^Istsiti^s* •MBS.J08KPHE.Q85JBB, ' 6313 HadisoA Ave. 55 B i g SJw;.?fH»^.' S« B aSh^d corms NOTICE TO DRUGGISTS AND We have .a great opportunity to extend trado in South and Central America. , ' " •' ' booituse a statement you iq uo sign that it is wrong. C^^^^^^^^^^^^^^^ THE Pt to give satisfaction in Croup,' Bronc6itw3fafhm?W ^ d l nd C > U P ^w«) * matter how long standing 5r 'dwj? Jeattd £ &I'^ffif^ ^ Co1 ^' Bronchial or Lung trouble, not as a Cure-A 1 hut»« „!,? 1 tee J n , aU tT """*" i Give it a trial on th« above conditions" I take alUhlnces ab ° Unded B. B, PHEIP5, 118 §3d Street, CHIOA80, (it ' ' ' , !• ' ' ' Sale in Rock Falls fry/Jj; sod in Sterling fay W. pi

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