The Algona Upper Des Moines from Algona, Iowa on August 26, 1896 · Page 6
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The Algona Upper Des Moines from Algona, Iowa · Page 6

Algona, Iowa
Issue Date:
Wednesday, August 26, 1896
Page 6
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BY i MO MAM * an ... tie mi , istfetect, to&*y tojrtnlflf about ;<i«ML ftfeft fan Sfcfcfcel |beOc!a¥v.nw4fttft68stit!jtm sfom 06- CA?,-I)IDATK.S. „ , . ' , <WUNSi A'rtoiWEV. i terefef- k&lxftince.myselt as a candidate tat *te»0ffle6 6f e»BMt*- irfWrnejr, Subject to the -action of the ttspublican county contention. E. V. stramso. t hereby ahflontice -mrsel! as & candidate for •the office of -count*- attorney, subject to the .Action of the republican county convention. J. C. RATMOND. ttBGOtttTBtt. I hereby an&onnce myself as a candidate for tne office of county recorder, subject to the ac tlott of the republican county convention. M. F. RANDALU IMORE. Senator John Sherman, who is generally regarded as 'head and front of the offenders against silver coinage and is denounced more vehemently by the free coinage men than any other, in his masterly speech at Columbus last week again disposed dfthe charge that - the republicans are proposing in this campaign a permanent gold standard and are In reality opposed to any further efforts to reinstate silver. Senator Allison'-a letter and Senator Davis' speedh in 'St. Paul taken to_,. gether with Senator Sherman's very frank declaration ought to be sufficient guaranty that -the McKinley adminis- , tration will detail in its power to secure an inter-national agreement. In ,November 1898, when the Sherman purchasing act was repealed, the following resolution was adopted by con-jjress: "And it is hereby declared to be the policy of the United-States to -continue the use of both gold and -silver as standard .money -and to coin both gold and silver into money of equal and intrinsic and exchangeable value, such equality to be secured through international agreement, or by such safeguards of legislation' as will insure the maintenance of thetparity in value of the v coins of the two 'metals and the equal power . of every dollar at all times in the markets and in the payment of debts. And it is Jurther declared that 'the efforts of the government should be-steadily directed to "the establishment-of such ;a safe system of bimetallism as will-maintain at all times • the equal power of every dollar coined or -issued by the United-States, in the markets •}3nd in the payment of-debts.'" This resolution is quoted by Senator .Sherman in his speech. And in com__ . jnenting on it he says: "This declaration made by -congress and , approved by the president at-a time when "- the public mind was centered upon the sil- . ver question, is a wise statement of public - policy that ought to be acted upon with- 7 ant regard to party divisions. This bill r passed a house of representatives fresh - from the people by a vote-of 239 yeas and 118 nays and the senate by:»-<vote of 48 yeas against 32 nays. This act-was not a party *- votej but it is, I believe, the expression of .opinion of a majority of the two great parties of the country. And here, fellow citizens, we ought to stand. I appeal to demo- .crats and republicans alike. We are all interested in having a sound and stable 'Cur- jrency founded upon gold and silver." This is not a passive but an active ., -endorsement of bimetallism on Senator Sherman's part. It is not a negative acceptance but an affirmativeinsistence iipon an effort to secure a stable ratio at which silver may be used freely as a money metal. The declaration made by congress covers the whole ground. It appeals to the cool and deliberate judgment of every real bimetallism It goes as fur as any man, who favors a sound money based on both metals, can go intelligently. It declares the policy which republicans stand for in this campaign, and which they will carry ^ cut if McKinley is elected. The talk jabout the republican party being a gold party is without foundation. ftgWnst Capt Hull In the Seventh. •*--" hfrefj Aftotti Says: « |1 R- about fifty Kassuth county .,=- 'uunraiia whd have-tot gone over ,to the gold bug» ranks, And all believed feossuth to he i&fctfjWnely dftfrbtfoi." The Appeal has got this alfout 16 to 1. State Register: Tatklng about Mr. Bol- llver, we believe that he is setting an example that other congressmen might follow with feroftt to their final majorities. He has set the example of thoroughly preparing himself ahd theh thoroughly entering Into the campaign. fv>r earnestness, Mr. Doiiiver's campaign has never been exceeded In Iowa. The ballot in Iowa this year will be 24 inches Wide and 18 Inches lobg. There Will be the republican ticket, the democratic ticket, the populist with the democratic head and tali, the prohibition straight and the prohibition bolter, and the socialistic laborjjarty has a presidential candidate. This will make six ticket* and if the gold democrats put up a ticket there will be seven. The Australian ballot this year iviil be worth keeping as a relic. The republican organizations of Des Moines and Vicinity have definitely decided .upon September 8 for the formal opening-day and night of the Iowa- republican campaign. Ex-President Harrison, Senator w. B. Allison, and Congressman R. O. CoHslns have been invited to deliver the principal speeches. Allison and Cousins -will undoubtedly be present, and there is good prospect that ex-President Harrison will accept the Invitation to deliver one of the set speeches of the occasion. He is now at the service of the national republi can committee and will be present if no previous engagement prevents. PRICES AND THE DEBTOR. The contention of the free silver advocates is that because prices of commodities have gone down since 1873, and because it takes more commodities to pay a debt than would have been required when the money was borrowed, that the debtor has been unjustly used. They attribute the decline in prices to the existing money standard wholly and they say that justice demands, inasmuch as prices have declined 50 per cent, that the purchasing power of the present dollar be cut in two, so that the debtor may pay what he owes in .commodities valued as high as they were in 1873. They admit that this would be unfair to men who have loaned high priced money recently, but that on the whole it will work justice. JTEWS AND COMMENT. The Emmetsburg Democrat quotes -the opinions of a number of leading republicans to the effect that they did pot know the silver dollar was dropped in 1873. But that does not change the .record, which clearly proves that dropping the silver dollar was openly ^ i congress in 1870, and that no i pVged'its retention. A year after 1 wag dropped both Senator Jones #nd Senator Stewart endorsed the action and spoke openly for a gold stand- It is true that Mr. Bryan in his New York speech said that free coinage would bring and hold silver at a parity with gold, and that any change in the value of the dollar would be very slow. But his whole argument proved, if it proved anything, that a sudden change is justifiable and the logical conclusion of it is much more frankly stated by Judge McLain of Little Rock, Arkansas: "I am sometimes asked if I believe the remonetization of silver would increase its value so as to make the bullion in a silver dollar equal to the present gold dollar. I answer, no. If I thought sol would not waste time advocating the restoration of the unlimited coinage of silver. The sole object of remonetizing Silver, as I understand it, is to secure a cheaper dollar with which to measure nnd regulate prices. If we would only adopt the silver dollar as the unit and measure of value we would thereby have a money that would be a little more than half as valuable as gold, and it would be exactly what we want.'" •*-•*-•*This idea that if the debtor cannot liquidate his debt in the same amount of commoditiesthat the money represented when it was borrowed he is wronged lies at the bottom of the whole free silver propo- ganda. Prof. .James Clark Ridpath, a historian of repute and a radical free silver champion, rings the changes on the public debt, figuring out how many pounds more of this and that it will require now to pay the two-fifths of the debtunpaid than would have paid the whole debt in 1865, and pictures in vivid colors the maelstrom iato which he declares the American people have been pouring their resources. injomice to ttre creditor it mm the war pna» had fbtts up, aM M should was 1 1» inucfi of every thing as he loaned J ^ •*•-»•-*•' the fact is, talking of toe frest and Of farmers, debts have as a rule been paid ia less commodities than the money represented when it was borrowed. Motiey is usually borrowed when prices are low, that Is when people need money. They are usually paid when prices are high; that is when people have money. It is safe to assert that nine-tenths of the mortgages paid oft in Kossuth county have been paid in less hogs, flak, hay, etc., than the money represented when borrowed. Let any man recall the years when any one product has been unusually high and then think over the neighbors Who Were lucky that year and Who'cleaned up their debts and got on their feet at one stroke. One year flax was the premium crop and sold at $1.85. The local papers named hundreds of men who paid for their land and farming tools out of that one crop. The fall bay sold at $12 a ton the same thing occurred, in 1892 hogs brought from 15 to $6, that year the same thing occurred. When a man pays his debts In produce at high prices he is said to have big luck. When his debt falls due in a year of low prices someone comes around to tell him that the creditor is robbing htm. -t- •*--*Wm. deary's experience in 1868 illustrates the absurdity of this whole amount-of-commodity theory. His flour was worth $14 a hundred, and he loaned 200 pounds to his neighbor. If his neighbor had bought the flour It would have cost him $28, and if he had borrowed the money it would have been $28 still. As it turned out he returned the 200 pounds of flour when it was worth $4 a hundred. Mr. Cluary had run short himself and had been compelled to buy for his own use at the $14 rate. He got his flour back, all the flour he had loaned, just as good flour as he had loaned, but how much did he really lose and how much did his neighbor unfairly gain by this payment in commodities? Mr. Cleary paid $28 and got back $8, he lost $20 and Ms neighbor gained $20, and the pay ment of the 200 pounds of flour was no payment at all. On the other hand had the lending occurred when the flour was worth $4 and the payment occurred when the flour was worth $14, the return of the exact 200 pounds would have been equally unjust to the debtor. In other words flour is not a safe standard of value. -*- -f- -*The free silver men ahvnys use illustrations that affect the classes they hope to influence. But consider this proposition to pay back commodity for commodity as it affects some others. Henry Durant used to get 80 cents a gallon for kerosene oil when he began business in Algona. Is it an outrage on the standard ,0il monopoly that it cannot pay its share of the public debt in oil at 80 cents a gallon? The Milwaukee railway used to get five cents a mile in the days when Cadwell and Hogan made Algona. Is there any public sympathy for the Milwaukee company because it •cannot pay off the tremendous mortgage aow on record in Kossuth county in fares at five cents a mile? J. W. Robinson has sold nails within 20 years for 4 to 7 cents a pound. Shall we all agree that the nail trust is entitled ,to double the prices on nails to protect itself? Is the sugar trust imposed upon because it cannot pay sugar at from five to ten pounds for the dollar? Is the McCormick harvester works'to be included among the oppressed because it cannot turn in its machines at what they were worth in 1878? -7- H- -!The attempt to set up any commodity as a standard of value has its disadvant- Gold and silver are no exceptions. caf>itftl bttfrow^ colrtfoli to the same e*"tent these advantage*? If the creditor" get* two bnsholS Wherg he loaned bfce, baS not the debtor by e<5*Hbihlng the money he borrowed Btfdhis «wn labor not only produced the two bushels but saved ufl something to be a capital stock tot future operations} Is not after All that a fair money standard by which wages stand fast of rise, by Which debts measured ifi labo* do hot grow, by which the creditor, the debtor", and especially the wage earner get the benefit in lowered prices of improved methods of production Which invention uud skill are constantly furnishiiitf ? IN THIS ttEIGfiEORfTOOD. Supervisbi* B. ft Smith has a tieW baby girl at his home. Rev. Sagnell has moved into a big new parsonage at Emmetsburg. The Emmetsburg hose team won $50 at the Estberville races, making 160 yards'coupling and throwing water in 2? seconds. Armstrong Journal: The total enrollment at the Kossuth county normal was 274. That county seems to have a large number of sweet and honey-like school ma'ms. Armstrong Journal: T. L. Thbrson has purchased two full-blooded Gorden setter pups which lin thinks will point at every chicken in Emrnut and Kossuth counties a year from now. Al. Adams: Rev. D. R. Landis of Algona is one of the best camp-lire comrades who lived to get home from the war. There is not the least doubt of his having been a soldier. Al. Gilson, late of Algona, is putting a chop house and ton pin alley in at Spencer. If the boys tire of chops and ten pins Al. can give them points on what a bob tail flush is worth, or go out to the traps and shoot live birds for them. Swea City Herald: Clias. A. Mulin- der will probably be a candidate before the republican county convention for the office of supervisor. This corner of the county wants to nume one of the supervisors to be elected this fall and different names have been proposed. If Mr. Molinder is the one, we want to see him supported by solid delegations from the six townships. He lias been a resident of Swea township for upwards of 15 years'and held some township office during the greater part of the time. PfiOF. 0. P. BOGERS' SUICIDE. Off Now. Your choice in our Shirt Waists for $2.00, $2,50, $1,50, $1.25-all go at $1.00. 10 Duck Suits at $2.00—worth $3.002 Wool Suits and Skirts at clearing sale prices. Yours, etc., Jas. Taylor. •*- + •*• . The Dubuque Telegraph folder, which is circulated in Algona as a campaign document, on the very first page says: " Fifty cents will now purchase as much of labor products as 100 cents would before silver was demonetized. This may be good- for money lenders, but it has proved disastrous to producers and bankrupting to debtors." It will be noticed that the Telegraph does not say that 50 cents will buy more of labor than 100 cents would in 18T8, simply of labor products, and also that it .does not include the laborer in the wholesale ruin of producers and debtors. ages. But to set up such commodities as wheat, oats, pig iron, kerosene, sugar, and the dozen things Prof, Ridpath mentions, each fluctuating heavily from year to year and even from month to month, is absurd. Many attempts have been made to devise some ideal measure of values. Four years ago Congressman Sam. Clark got a plank in the Iowa republican platform making land rentals, wages, and .some other things the basis of settling long-standing contracts, But the world has been satisfied with the existing standard as the easiest and best. Why? In one word, because under it wages have remained constant or have risen. And wages are a better test than any other. Miss Frances Rogers, Wliilo Visiting In AlKoim, Is Called bv Telegram to Her Father's Funeral. Miss Frances Rogers of Marshalltown, who was visitinsr- Misses Jessamine Jones and Cornie Ingham, received a telegram Saturday morning to come home, as her father was dead. She took the night train south. The Sunday papers contained long accounts of his decease. In a fit of despondency he had hung himself in the barn loft and was dead when found by Mrs Rogers. He had been for 23 years at the head of the Marshalltowri public schools, had built up a model city school system and gained a national reputation in educational circles, but owing to the jealousy of one or two who had influence on the school board had been forced to resign. He was purposing to move to Iowa City, but the attempt to find a new field of work and the sudden change wrought upon him until he felt that life had nothing in store for him. He was 53 years old, and had received a severe shock in the death of his only son, who, at 14 years of age, was walking along the banks of the river when the dirt caved under his feet letting him into the swollen stream where he was drowned. His daughter, Prances, was his only child and her many friends in Algona extend heartfelt sympathy to her in this terrible bereavement. Our new Fall and Winter Goods are arriving on every train. New Dress Goods, Silks, Velvets, wash goo'ds, Ginghams, Prints, Flannels, Quilts,,. Blankets and Underwear. New Clothing, Hats and Gaps, Gents' Furnishing Goods. New Shoes for Men, for Women and for ''it f Children. And dotl't forget our stock of groceries, Remember we give you more Sugar, Coffee, Tea, Soap, etc., tor $1.00 than any other house in the county. Sincerely yours, . ' .'„•"•• Jno. Qoeders. + -t- •*• , ' Milt Allen, the well-known demo; ^ratic lawyer at Sheldon, is out in a ;.,Jprig letter for McKinley. >t , „ r,r~jv Nugent of Des Moines 5s trav- *~''«fUfo? in the west, He says Oregon -, WiU go for McKinley, "> T^- »-ff *J- jlr kehmari, the noted democratic -, fcrmerjy of DBS Moines, gays k ie Ihe/'eijresfc republican state in ! weal.-' the have taken to throwing gr%foy put of s§eona story windows QQ ' IP the interests If there is anything absolutely valid in this claim that the debtor is bankrupted because he has to pay twice the commodities be borrowed, it should apply in local dealings and with all variations in the market, whether due to the money standard or other causes. A great many things besides a money standard affect prices. Oats go up and down from year to year owing to the yield, the acreage, the demand and supply of qprn, and a thousand other things, but what free silver man would think of taking all these into consideration in the settlement of his debt. Oats have been worth 40 cents a bushel in Algona and men have borrowed money when they \yeye at th_a.t price. But they did not expect to pay back oats at 15 cents a bushe}, bushel for bushel, and if they had they could not have borrowed a cent. What free silver man in J£os8u,tU county will Joan money and agree to take back anything that fluctuates, in the wavfcet busbe] for bushel? Andwb.a.t free Silyep mafl wJJl Iwi'ow money today an( ia£ree to pjy back bushel for bushel? are twpficlej , fcacjj j>u gp down. i.n to . rise The Dubuque Telegraph makes a wise distinction between labor and labor products. Is not labor and not labor products the reel standard? Two men agree to exchange days' works and saw wood. One man furnishes buck saws and the two buck up three cords. When he returns the day's work the wood cutting machine has been invented and the two men finish ten cords with less toil. Is not the exchange absolutely fair between the two men, although in the labor product one man gets ten cords to the other man's three, Farmers have a habit of exchanging days' work. One may have better machinery and better facilities of all kinds and get greater results than another, but the exchange is fair, and is so regarded. What 5s the relation of the debtor and creditor practically but 'that of men exchanging days' works? What if it does take twice op ten times the pig iron to pay the public debt, as Prof. Ridpath says, that Jt would have taken in 1865, providing it requires as little op less labor to produce the iron 1 If the laborer can produce a ton of iron now easier than he could a wheelbarrow full then is he not the gainev }f he p»ye back a ton for the barrow full he borrowed? The one commodity th^t is not pb,68per now tljas Jt was tfcen js }»bor. Wage.? ave higher now }» gpl4 tb,au tljey Were then Jo. greenbacks. The one thing the Bettor dpesjioj pay ^ac}f mpre. of than Harvest Excursions. The Chicago, Milwaukee & St. Paul railway will sell home-seekers'tickets 4 and m Sept. 1, 15, and 29, Oct. 6 and A). Fare one way, $2, for the round trip.—20t8 REPUBLICAN COUNTY CONVENTION. To the republican electors of Kosauth conn ty: A convention of the republicans of Kos suth county will be held at the court house In Algona on Sept. 11,1806, at 11 o'clock am for the purpose of placing in nomlnatlon'oan" dilates for the following named offices, to-wlt- Recorder, Auditor, Clerfc of the District Court County Attorney, and two Supervisors/ and for the transaction of such other business as may properly come before the convention The various voting precincts will be to delegates as follows: The Time Has Come Precinct, Algona— Plvstward Second ward.,,, Third ward Fourth ward.,., Hurt Buffalo ; Eagle Pentou Greenwood Ueraau Gavtteld Gerjnania Gvaut ,. ,,, Hebron Harrison , Irvlngton, Lotts Oreel? Ledyavcl , IjuVwne, ...,,.,.. Portland Plum CreeU ....... Rainsay , . , . Rlverdale Seneca Sherman Sprlngttejd Union.,,....;;. .; Wesley Whlttemore Oommttteemen, E.Telller.... w. P. jones..;;.';:; P. L. Single . F, D. OalWns John Kerr Robt, Weiter. ,, " 3, A; Pptter John Ray M. Wolsbrod W, W. Alcorn Wm. Schradai* as.wrj4t Wm. Clement.. '.::; w. B. peet....,' .';;;. Seth Newcomb A. ]H. BJxby.,, . w.A.wnght....:;: I. P.Harrison ,, Daniel Warburton.. Phil. Winters J. O. paxsou O A jQHnlrRATi W, S3. Starks V. J Burfrrvn ,S. Barvett ', l>. Cotton ffo.qf Del. a 3 5 0 3 2 Q 6 4 3 3 3 0 3 4 S 3 3 8 5 •to begin to plan on Storm Doors and Windows to keep out the cold. The John Paul Lumber Company will get you any size or shape and deliver them at the lowest prices, A large stock of doors, windows, lath, lumber, ^tucco, etc, etc., always on hand, . ../' f\LEX, WHITE, B. p. OROSJ3, Chaivmw. The wprld aolpusly accent^ frtotor OP WRVOU? a? tfoo'd. p'j - Just ' CALLS FOft CAUCUSES, Algona, Ftret warft—At the Byson buiKJinsr FrMtiy evening, Aug, 28, alT.m $. Teljlwl AlgoHft, Spgond ward—At the '

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