The Algona Upper Des Moines from Algona, Iowa on September 2, 1896 · Page 9
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The Algona Upper Des Moines from Algona, Iowa · Page 9

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Algona, Iowa
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Wednesday, September 2, 1896
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J» tMf ifflrfy- Mi . This pan* ro aftd feTiffifttei In I of the D§ckfAti6fl ie . r **• j£*[ ~£Z **i tfc'S' *** ' - ""^ ' v " si ' *•>*?** tbfc*fltnent to '' Actifit Mftde^.thtft ftTtttt&tity first «ttt by Campaign' I§i-t?6fus6s la be ife^'' r - .'«w 'Ydrk-World, iu flu open let* tlidflte' firyitii oil Tticsdrijr STiding,tfttfe and huilortant Ins, to lilfti, and Urges him to If be Dalits to be "clouted, ''ttfe'l)onddrinK those .very thc!f votes will turn oti how ans^rtd nnd psijlnined 'by intr-'mfti fetfflcfS of the Tribune jiJHWt/thfB editorial, which -Is reprinted b|fcHnJ«dUiiectloh with Bryan's speech t*Madisbii Square garden last night. -ffm - -World - says, under the caption Tftr-MrvBryntti" Mr, 'BrynU! On the 10th of .tuly, fealtH ,htieielit place Uy the side of ao'il will, In ilffife'jiWsniciit, restore ihe, parity between roffiiA^ am , p ronc ^ tjr nml ,| 1UB 11orm |f n rr- V 0f--tfeiieral prospct-lty. The World. ..h did such effective Work In ueliHlt of Incouic tnx, will llnil n still larger Held of ' ess In supporting tlio gold tiuil silver o of the constltuilnii. WILLIAM .1. KHYAX. World has conscientiously cou«ld- -•your courteous request. It has ully 'studied .your speeches made Irlflfe -and since the Chicago r-onveii- V It has studiously examined your 'djhf-Congress. It has impartl.tll.v J ju-, your career as n politician, n er/ttirorntor and editor, in order to in 'nu undcrstiindiug of your ical ffha fabler—the hardest thing in the World" 1 to ascertain concerning any man. ''^hotf'.published every word that could [.obtained from your eulogists and t-.s- ciates*, with the same end In view. It |hasUlone all this in the sincere hope that; Itlie,knowledge gained or impressions rc- 1 "would relieve the fear and apprc- on-, excited by sonic ot your iittcr- i- rv ..wv^,''and particularly by some parts of S,*4he> Chicago platform, on which you %jslahd:, * Jlv-^ii'. this 'connection it Is only just to "Remind yon that the plank in the Chicn- Kmr-rKyif platform seeming to reflect upon the SkpilUegrity of the Supreme ••court nud in- '"jlicatlng a purpose to pack that tribunal jhi;"brdor to secure a desired decision, *'*'"' other resolution denouncing icnt by injunction," have been criticised by conservative and "ug eitiajjns. The people hnvc n and notdiug respect for their court, even when they arc dis- •^ n pl>ointcd in - "their decisions. They ., fcjxyould be glad to hear your interprota- "'* 11s -'-^,iqn'Of the resolution, which is generally JiC^eptcd ns'a stupid and intemperate l^iittack-upon the Supreme "court nnd the |?4iiyo\val of the purpose to reconstruct it •$ilii u accordance with the beliefs of tliu if*^'liJatfonn i makers should your election ^i^rijro"sent 'the opportunity. Is this your .-,-.->- . Definition is also called for of the i«r,resolution denoiiucing "arbitrary inter- ^fere.ncc by federal authorities in local f sihattcrN.", This is generally believed to "„ juean "trcu riot with free silver," as £5,well as sympathy with lawlessness and .v-jdisapprobation of President Cleveland's »%'ncti^u at the time of the Chicago strike. »,IYet'i.nll s who believe in law and order he very life and root-basis of civil- fjrfwu 'government regard this ns one of Sfflho'^most highly creditable acts of his s^jiidministratiou. What is your view of l^/.'Arq you. Mr. Bryan, for nctunl and !»practical bimetallism—the equfll coinnge 'Mif gold and silver nt n ratio that will •fiHsftl'ewnit the free circulation of both money Jtt±ymetalsrns ^e ratio of 10 to 1 has never P.'-:"Stone? When you say that you favor Ki'^ree Coinage by the United States with- ffife/ fJ pHt':-waiti'ng for the aid or'consent of ^any .foreign government, do you mean flhat the concurrence of the great coma "-rciul nations with which we trade is t -desirable and even indispensable if • country is not to biuk to a silver ! s,? Do you really favor the mone- „ isolation of the United States in i family of great nations? Do we uot •«Pt, wr money to be accepted at its aee,jvnlup all over the woj'ld? You in- i|t;V',unon' "the right of the pco- J$i$t. ^ c , u H i4 ed States to legislate for .themselves upon all Questions," JbiB,, p^ght is uot questioned by any, -%J»r..ns wo know. But tho right does >iqt imply the duty or tlie'wisdom. Coii- ""»•» has thp right to declare that our .,48 agricultural products shall be abroad. Put would such an asser- iiational independence benefit try? AVould it have helped the- 7r ,» of the United States to have ^the ^000,000,000 of exports In '— f *-i years kept in the home mnr- —e sold them for a depreci- \vhi}o buyjug in return at If you >vonld not favor the rcn.K-'" .»«*, th^ United States why Jmm you desire its hjiauciul isolation? K|p,thp--|wtepfi(it-ot: ft clpar understand ilnfv nf* vmut ii/\clrl/\» «.n/l 4n ..11 •;« »?-w.,v» .i.vou _ T , . — of the presi- i, 1 ;which, you «ro about iS -,, wwst'pwceivp in the f ?i p ' a ,, l ^ ( ? < W' ( *'' Democratic - the divisions! and distpac, ^^^ J'P,uv -PopgHrt A«d Demo- SWnprters.ftt the South, n growing '/19/ypHP: cauge, \vo ii8t>umo l that Mttp'brwstPd. Thesp «}•<> spiur SpJ^to Mp«tt-,wJjicU y m ^,7»a ^^.•Jgj^P&AW o| thjs country . — .—„ ««v MV ».Jj(Ja i?diWlf£6 ft-t iu to •fls.tBai the "Hold nfid slltet win* pf the doUstitntlerti?" If so, how f 10 td k 1 cotnfe to be the coinage 1 of the- CdnBtitatfdii?^ tfl!det l *th6 vfirift Fstld, silfcf ft-As uBderfnhied and feM§dd 16' ftifettkte except-itl the form of «'ofn n«d nbfaded fdfcitfn coins. Otif own silver coins, dtefl the sitbslflittrj',, placet xvefe Iftolted down, fof bullion because they' were worth about 8 per cent, more ,thnit md dollars. In all the period ttn t»»tlie time of the great stiver .discoveries Congress sought to make the coitiage ratio tho sfthie as the commercial ratio." It net-ef nttthomed coinage nt any other. •W«si Hint the "coinage of the Cohstltti- tlou?" Jf so, wilt it be a retttrn to it fpf Us bow.to establish free coinage nt the ratio ot 10 to 1 when the commercial ratio is about 31 to 1? 4. Will not free coinage nt 10 to i reduce tlio VnlUc of the dollar unit by about one-half? t>. Will it not be in fact n repudiation of about one-half of nil our debts, public nnd private? " 0. Is there not danger that it will cause the return to us of all tho American securities held abroad—government, railroad and industrial stocks and bonds —thus precipitating a panic of giant proportions, with long years of depression to follow? 7. Will'not your election upon the Chicago platform cause tho calling in, between November and Mnrclt, of all collectable debts, all loans, nil mortgages thnt hnve expired? And will not this produce such a distress ns this country has never known, particularly iu the west nnd South, where capital and credit are most needed and depend upon confidence as their basis? 8. Will not free nnd unlimited coinngo drive all the five or six hundred millions of gold nnd gold certificates out of use as money or as bank reserves? Will it not cause n currency contraction of the most disastrous proportions, inasmuch us the utmost capacity of the mints to coin silver Cnnnot'niako good this withdrawal for several years to come? 1). Will not free coinage place us nt once on n financial level with Mexico. India nnd China, and can we afford to go upon that level? 10. Is there nny country in the world today which gives free nnd unlimited coinage, to silver? Mexico docs not. India does not. None of the Central or Soyth American States does. We know of no country that docs, of no example that can be studied. 11. Is there any country in the world now on the silver basis which is as prosperous as the United Status, even in this time of _depression? Is there any in which wages are so high ns they nrc here, or in which the dollar received in wages will buy so much? Is there nny silver-basis country thnt has a large commerce, prosperous manufactures, or a well-to-do agricultural class? Is it not a fact thnt in every Silver-basis country in tho world abject and hopeless poverty on the part of the masses is the rule? 12. Will you explain to us for our enlightenment and guidance how our country is to escape like conditions lf~wc go to a silver basis, or how we nre to avoid Ihe lapse to thnt bnsis if we adopt free nnd unlimited coinage nt 30 to 1 when the commercial-ratio between : the' metals is about twice that? 13. And if you tell us, as many free coinage advocates do, that free coinage will raise the commercial value of silver to the coinage rate, will you explain to us how in that caso free coinage is lo make money cheaper or easier to get, how it is to relieve "the debtor class," how it is to increase the price of wheat or any other commodity? 14. You may bo aware that there was last year on deposit in the savings banks of this state alone $043,878,574. This enormous sum belonged to 1,015,178' depositors, giving an average to each of .$308.03. It represents mainly the small sayings of the thrifty poor. Nearly all of it has been deposited since the present standard of value was adopted by the government. Do you think it fair or just to impair by 47 per cent, or by even 1 per cent, the value of the-money in which,these.'deposits were earned and in which today they would bo paid? 15. There are in this state 88,719 pensioners. They drew from (he government last year nearly $14,000,000..'.Con- sidering'the nature of-this dubt of honor when justly due—can you look with.fa- vor upon any policy that might result in paying them iu a depreciated currency? 1(1. There are in tho country r>838 building and loan association, of which 418 are in New York, These associations have 1,745,125 shareholders—all of the working and saving classes. Their nsscts last year were $45Q,(UI7,fifl4, represented chiefly by mortgage loan* to homcseokers, of whom 455.000 are members of the associations." These associations have nearly alj been organized within the last fifteen years under the existing money standard. Can you think it fnir or beneficial to tin.- working people to reduce by 47 per cent,, or any lesser sum, the value of these investments of the tlu-ifty poor? 17, Is it not a fact worth consideration in proposing i> descent to the silver standard that the thirty-nine old-style Jifo insurance companies alone doing business in tliis state last year had in'force here nearly 2,000,000 policies, insuring over 55,000,000,000, The assessment companies and. various benevolent orders have a vast amount more. Would it not be an injury and a wrong to the beneficiaries —of these polices—the widows 'and orphans, ,whom a provident love had sought to protect—to compel them to re- ceiye in payment depreciated money? 18. The "vise iu prices" which you predict »s a result of free silver coinage- would, of course, mean an itjcreiiso in'this cost pf living to »1J the people—to, wngu* earners, salaried, uion, mid the wholn bpdy of consumers, Da ypu know of,any .ease- in \yhieh n rise HI 'wages or sajif, pies JIM been* parallel wjthflhe pise in nrlpes'jj Ig thprp crny wny to, render, it ' or even probable,, thai the wagu, >yW bewmpi'jisated'fpr thp ]u- . ,,.,, ¥eu attribute the Ucchuo j u f8. tfeWKb Ahivt aejiap „ ij) any wutuderablp m j * *•• firejulatlon jut" -" silver bulJieu Jit Ihe .jjiUjjf.! !l r*«jw.w* jiuwtyw&Mfl/ ounces; m, bold f» the MSB of both gokt J "dr standard iflohl* «f the , ..__ lo the eoitragc o! twth gj»ja ....- silfreF wltliotit dls-erifniBjUinl against citbc* ftnltnl or charge fof nlfftfe- «ge,' but th6 tiollftf unit of rcinate" c! both hietnia ftmsl be of WJttal SfitHBBie and exchangeable ?a!ne, of b"e ftdjttsted thfrongh intettintiftnal ai?ree»teat, of, b* sncli snfegtinrds of legislntifiit nS Pball iHstfro the tftflifitehanee of the parity of the twff metals, nud the equal injWef of efery dollar nt nli times in the .markers and in the payment of debt) and WP, 110* innnd thnt all'paper c«rfenc# shall be kent nt bar with and redeemable in nucli- coln. We insist upon this policy ns esprcially iiccessnrv fof the pfolp«irih of Iho fawners nnd'Inhering classes the first and Most defenseless Victims «f lih-, stable money and n fluctuating cM-rcney, These Democrats still hold to the doctrine of dollars of both money niettls of pqual value,- that the country may hate the benefit of n concurrent circulation ot gold nnd sllfer. and pnper redeemable in the snme. Why not give these Denio- crnts n chnncc to vote for you? Why continue Ihe alienation of BO '.nrge a body of intelligent, honest nnd ."oniri- entious voters? If you nre t-end.v for- bimetallism, nnd Would welcome 'nl?r- linlionitt agreement, if it can be oe.-iwd, to effect a ehnnge without possibility of disaster nt home, why not sny so? You surely cntinot object to an established nnd world-wide pnrity ot value between gold niid silver money. Why refuse and. reject international agreement? TcStx , The Cist of His Long Argument In a Few Short Paragraphs. I believe it will be a blessing to the United Stales to lose live hundred millions of gold. 1 believe it will be a blessing to the United States to take half the purchasing power out of its five hundred millions of silver dollars. I believe it will be a blessing for the United States to take half the purchasing power out of its billion dollars' worth of paper money. I-believe that to cut a dollar in two is to double 'its value. I. believe'-that 50 cents is twice as much as 100 cents. 1-believe that the farmer will bo better oft when lie' sells half as much of his produce as he docs now at the same rate. I believe the farmer will be bencfittcd by having to pay twice as much as he does now for everything ho does not raise and must buy. Since 1 hold that the farmer would bo better off if he sold half as .much an ho docs now at/ the same rate, it fclbws •that I hold the farmer will bo still better oil if lie sold quarter us mucb fts he does now at the same rate. Therefore, it follows that I bold it would bo better for the farmer if he sold nothing at all, but let his produce rot on his farm. • * 1 hold that the city workingman would bo bolter off if he earned half as much as he does now. ' 1 believe that all the widows and orphans whose means of support is invested in loans will bo blessed by getting back 50 cents on the dollar their bread winners toiled for at 100.'cents in" the dollar, and that they would be still better off if they had to go to the pool-house. 1 believe it would be a blessing for 5,000.000 depositors in savings banks 'Who have laid up $2.000,000,000 by toil at 100 cents to, the dollar to get back half the amount of their savings instead of the whole. I hold that the country; would be better oil if half tho value of tho capital of the 4000 national banks, amounting to nearly $700,000,000, were extinguished. It would help business all over the country. 1 believe it would be a blessing on the states of the American union if the $GOO,000,000 deposited by private persons in •4000 state banks were reduced to DO cents on tho dollar or largely lost altogether. This would encourage thrift nud animate enterprise. 1 hold that the states would be further blessed if half of the $250,000,000 capital iu stale banks wore shrunken to half their debt-paying power. This .would help the farmer. I believe it would be n blessing to towns if the (ire insurance companies were so crippled that they could pay only half the face value of risks. 1 believe' that it would fall like a benediction upon the holders of thirteen billion dollars' worth of life insurance, on which they had paid 100 cents to the dollar, to learn that they can realise only fid cents on the dollar of theip policies. 1 believe that it would be an encouragement to home makers to know that the four hundred nnd fifty million dollars in building association shares were to shrivel to half their value, 1 believe that, although owners of silver would not permit the metal to be coined into dollars for Americans when it was worth more to export -than to coin, although coinage, was free and nn- Ijmitod, owners of silver nro unselfish patriots in desiring to coin unlimited, silver into dollars now when they CRU get n chance, to do so nt twice the worth of tho silver nt the. market price and half the value in tho dollars to tho people, I hold it to be a solemn duty to the 800,000 invalids and the 220,000 widows and orphans on tho pension roll of the nation to deprive them of hnlf the amount paid each monthly, Jf will-be especially heroic for those \yjio get along now on $10 a month to contrive ft liye on $5 a month, 1 believe that it is better fop the United States to grade down with Chjna and Mexico than MO with Great' Britain, Uovinnny. France, - Aiistria,.Bu.nguvy, Holland, Uoteawi. ; * • I hohj ijmt impulsion .of nil QWJJ-gold sijd ponlnu-tion. of liiilf 0111- sjlvor and paiiet -is pxnnnmoii at our currency, • - 7 hold tha/tno-law Qf-jOTvltntlow can be suspended by net of jpaugress, „J luaiovo ,1V. ftuuucial <juic.k.s.aiid Is for n ftvor ef Mefifetaff la* {nis eoffhWy^ Id -r-;-, t . gftnhtffk* fret!, ttittgtt ! „„««« ng t with other nftttpM* ue nli assnttll ofi the fcttM of * ^ POPULIST IDEAS OF FINANGI, Feeble Attempt to tion's Fathers in Free Coinage. m Ironical wfcMft ft* the HWittg* « jhe- United Stated lit 1878 Gen. Walk- lisfc" feit tot* "f?fW' 4f£ tft flii^ot^ fttirsclvGS pr sniii* AT ur us-- vv-t *".*""* "v* . ^~, .& >e thltfk fcltvef e«W not beett jf ftfc- Writs* Itrtwtai tfaidf tolta ^«. ..„ ->«h, *1. >. A4K*1 - »' ... , Hural stored, trobld.trts a'bieeeet. Worthy the &rttnd practical seiise of otrf WHATIS WRONG WITH FARMING? Among alt the crac.y nssumr - "i the foutilistic platforms, pet-haps the most foolish is the one thnt we cutt cre^ ate, and maintain n monetary system in* dependent of thnt of other nations. 'Jfo liinke this stroke of idiocy, uiord pt'epos- leroits, the spirit and the pSnmple Of the fathers of the republic are invoked to sustain It. The efforts of the fathers "Were most earnestly and steadily directed to bringing the young republic within the cdmnicrciftl brotherhood of nations, and nothing was further from their thoughts than the idea that the progress of the country could be facilitated by a declaration of financial independence. If at sixty years after the passage of the mint, act, English, French. Spanish and Portuguese coins- -were freely circulated in tho United States, and were a legal tender for the payment of debts at certain values fixed by act of Congress. In his celebrated Mint Heport, "Alexander Hamilton endeavored to co-ordinate our monetery system with thnt of other nations— not 16 make any violent departure from Euro-jean practice. The only striking departure that was made in the legislation framed ; on Hamilton's recommendations was iu fixing .the coinage ratio between gold and silver at 15. to 1, and the result of this quickly demon- .stratcd what- the -Populistic Democrats call our "financial., servitude." That is to say, It showed that while the mints of France were open to tho free coinage of gold at the ratio of l~t% to 1, We could not keep our gold from .going where it would have most value. The difference was only about 31-3 per cent., but it was sutlieient to drive gold -out of the country, so that in the words of Senator Benton its extinction was complete. If the establishment of a ratio of their own was n strike for financial independence of Europe on the part of the "fathers." it was -a manifest failure, and established for the first generation of the republic n regime of silver mono- metallism. But this was not in the lens!: what they desired: in fact, so little were4hey impressed by the necessity for keeping silver as a part of the circulation that the coinage of silver dollars was suspended by executive order in 1805 and was, for domestic purposes .at least, never resinned. That is to say, the fathers were so determined to get back tho gold that for thirty years they had been shunting into .European mints that they fixed a now ratio, which offered '!V per cent, more to the possessor of gold bullion than he could pet in Franco or Holland. That the bullion in 'the-'silvor dollar thus became more .valuable -than the bullion in the gold dollar did not trouble them much, for they, apparently, did not want the silver dollar — halves, '.'quarters and dimes of this. metal being -' sufficient for their wants— niid all the subsequent coinage of that much-' talked-of but little known piece, "the dollar of the fathers," was for export- to the East. Here, again, if monetary independence .was what they arc aiming at, the result was a failure, for Europe diverted into , its own mints the silver of the United States as peremptorily ns it hud done "the gold, for the simple reason thnt no law could compel the owner of bullion not to take it where he got most for it in returned coins. But the- Populists arc determined to have "an. economic and financial system which shall make us -masters of our own affairs." Among the preliminaries of such a condition of tilings, they nrc at least logical ; enough to recognize the necessity of interfering': with .the freedom of private contract. Tlmt was- a cure for financial lameness not thought of by the fathers of the republic, and is one generally deemed to bo contrary to the fetter 'and spirit of the constitution which they framed. But tho transformation of the Democrat into the Populist seems, among other changes, to work a surprising indifference to the value of the safeguard!) of tho constitution. From old habit, there is the customary profession of allegiance to "those great essential principles of justice and liberty upon which our institutions are founded," only to bo followed by a series of propositions destructive alike of tho principles and !ii8ltlutionn. On whatever other points the makers of tbe constitution may have differed, they were entirely ut one as to tho obligation both of nations and of individuals to make an honest provision for paying their debts.— 'Rochester Post, The JMttlouMy is tlio Tiu-ifT, In a recent speech nt La U range, Ind,, Senator Burrows said; "With all the vagaries of the three Bryan platforms they all unite in the demand for tilt; free and unlimited coinage of silver at 10 to 1, and to that question Mr. Bryan devoted a goodly portion of his lime in liis speech of acceptance. He dyolaml that Mimes arc hard, prices are low, mid something is vitally wrong.' It is not the crime of '7-'}, however, but the folly of '02, when Harrison wutit defeated and the prosperity j)f the United Slates destroyed, ' • . "Mr. Whitney says: 'pon't talk about the tariff.' But tlio whole. dirtR-iilty today is tariff, When Mr-KJnley is president the. money question will settle itself, "More ailvnif dollars \vpre coined during itppublicnu ndininistrafiojis than during all of tho other elgltty-<(l)vi!p years «f our history. ' . •' , "Pfiiuc always 'Apoou.in.tt.nies frge trade. ' pcoptc. Tbe flttedf;«f-the ^ong rtiiist be sought ifc the crintfetted action' of the cftilifced staWs, nndef fin increasing cpfr> fiction of the impolicy of basing thfe world's trade oh >a single Money metfll. tfhis is his bpihldh today. . As to the jossibiiit? of Iree coinage without ah" immediate frill, to ft silfef basis, nnd the strident claihl that this cotintry is big enotigh to "legislate fpf itself," den. Walker points out two facts/ The stock of precious metftls brtS so greatly increased iir" the ttorld» ftfld communication «nd transportation are so much more rapid than of old. that even France found it impossible in '18i3 to continue free silver coinage. Since there Is vastly less money toetal used j& the United States than in Ffnhcc, the in; fluence which this country can "ert upon the money market of the world is less than the influence of France. And yet no one accuses Hen. Walker of being less a patriot or less proltd of the country for which he fought than the youngest orator of the far West. Ihe difference Is thnt he Is a student and a man of sense.— Syracuse Post. and Answers This Advdeatinf McKifilsy andLHis Poliby as a i belioYe.tlMlt tw «es,t. wiy tp, Vutyg JJfl J?S^?!!fl«,WS':^ : j«»»Ws«i iv A/fe'M& SpftH '-JiftaJWL s Uego^b'airik* WHiri m&^m»^siiffi\i^mm& 'Mmm%i^^W-^m^wl,^^^m es rge t JrQ,ui,J§y • During the thirty 18«2 wp HaU'> wpalth •nayanced! Ujis, , ronu.bJIq- vQk a le«d in iuu)iufuct|jfln B lund sto«a nJwu Kof all other MtoM -JWj)J£Marc jlH. Jtlos. Money of the Constitution. What wild talk is this of the "silver- it es' " convention, "In favor of restoring to the people of the United States the time-honored money of-the constitution —gold and silver—not one, but both? The constitution prescribes no' such money, nor any form of money whatever. But'if it is "gold and silver—not one, but both"—that they wnnt, why -are they not contented now? Both gold nud silver are in circulation now. on equal terms, in larger quantities thnn ever before. In the twenty-two years since the bloodcurdling "crime of 1873" was perpetrated more than fifty timc&ns many silver dollars have been coined as in the eighty years preceding. gi , The simple fact is that the United States lias a very much larger actual supply of full legnl-tended silver money thnn any other country in the world, excepting India nnd China, nnd a larger supply in proportion to its population than any other, excepting France, Spain and Holland. It has more gold in circulation, actuality, than any in the world, excepting only France, and more proportionately than any European country, excepting Grcnt Britain, Franco and Germany. It nlso hns more money of nil kinds in circulation, and all at par, than most nations of the world. Less talk and more reflection would convince these would-be currency reformers that we already have wnnt they talk of as "tho time-honored money of the constitution," in abundant supply, for every mnn who is willing honestly lo earn it.—New York Tribune. Mills, Not Mints. More truth cannot be crowded into an equal number of words than is found in this passage of Maj. McKinley's speech in reply to a congratulatory address from some of his old comrades in arms: I ilo not know what you tliluk about H, but I bellovo.lt Is n~gooil don) better to opuu up the mills of the United States to tho labor of America than to open up tho mints of llm United States to tho sliver of tlio world. Tlii« goes hard and straight to the root of the matter. Times are not dull in Pitlsbiirg because there is no mint coining silver or gold dollars in that city, but because the great iron worka arc not running on full time. There was no mint at work in South Chicago when the rolling mills were at work by night and by day, but there was a wage roll of $0.000,000 n year. It was not,becausc of the activity of tlio mints that Louisiana nearly doubled its sugar output, but because of the McKinley bounty. It \vas not, because the mints were more active in 1891 than in 18!)3 that in the first year men were striking because they could not earn more than $3 per d»y, and in tho last were hunting for work at 75_ cents, and, for the most part, not finding it. The mints were turning out as much money in 1803 ns in 1891. But the mills were not turning out so many yards of cloth or tons of iron. Start the mills and the mints will be- como active. Return to protection, and the oiirrency will settle itself.—Chicago Inter Ocean. Free Silver' untl "Wsges, A correspondent attempts to explain how wages would be increased under, free silver coinage by assarting that "trades unions, through strikes and other means, would force the price of labor to n higher standard." This is sheer-nonsense. Mxperienco has conclusively demonstrated that wages.^under n debnscd system of currency, never increased in tho snme degree as tho money cost pf commodities. If there was ever n condition of affairs which 'wns favorable to such an increase it was during the Rebellion, Wo were not only on a cheap money butii.s, but the ranks of labor had b»en enovnioitBly depleted 'to send men to the front to battle for tho republic. Yet, what actually occurred? Judged by thq purchasing power of his wages the la» borer in 18W3 received only 70 cents where he had received n gold dollar .jn lSG.0: in 1804 be received about 81 cents und in 1805 )i little over UO cents, ]3ut IIPW do wor.kingmeu fancy the idea o'f being compelled to resort to "striken" jn order that their wages may 1mvo the same purchasing power that they do now? It will occur tp sensible toilers that if free'silver coinage is gping to precipitate etrlkef, not really fpp Jiigljer \VQKCI, but simply'tp keep the wwgps thai already pswt, It will be the '-' wisdom - tp. ,let .w$l eupugh -'—• Special.Correspondence of the Chicago tonllfr News. New York, Attg., 6.—1 desire to itttro-- duce myself ttt the" farmers by saying I ani by trade one of them, though for ft long time engaged in daily labor on the daily papers. There are still some frosty old friends of mine who can testify of their own knowledge that fifty years ago there wasn't a boy ,in Butler county, O., who could turn a furrow better than I. or was more expert In using plows left or right handed oh hillsides or level lands, so as to leave less unbroken, land at the turns than I. nnd there is flo light . work I would like better now than plowing corn when it is about as uigh ns^ plowboy. The trouble then is It is so brittle, and it is very provoking to have the pretty stalks broken—and many a horse I have lammed as a punishment for putting his rude foot into a bill of corn. I wns n great boy to bind wheat, rye, oats or barley with double bauds, nnd once I tied up a blacksnake in n sheaf of wheat so tight he could not get out, nnd there never was a snake or a boy more astonished. I could bent the girls dropping corn—four groins to the hill—nnd I know all about husking frosty cars of corn with a bone husking peg, held by a strait over the two middle fingers of the right hand; and tho accomplishments of digging potatoes without cutting them, and mixing green nnd dry food for horses, nud watching calves become cattle, colts evolve into horses, lambs nnd pigs bloom into sheep nnd lujs. nre, with all the hopes nnd fears associated with them, familiar. The practical farmers will detect in these observations the presence'of n line of-inforrnation not pulled" out of books or picked up iu schools. I know, too, nbout the wny good old farms grow less valuable, in spite of faithful attention, and how it is thnt some farmers who do not buy. pianos on "the installment plan find it n pleasant experience to borrow money. Farmers Are Discouraged. The news has boon circulated a good deal and not conclusively contradicted that this year a good many farmers arc so discouraged by the wny their affairs , hnve been going that they are ready to do something unexpected in politics— thnt some of them think maybe there is something in free silver that would just fit their case—therefore, that there are Republican farmers who if not enlightened are liable to vote for Bryan and Watson or Bryan nnd Sewall. They have heard,so much about free silver ns a patent" medicine to cure tho rheuma- ' tism, heartburn, earache, fistula, dyspepsia nnd vertigo that they do not know but they will try it. If they do they will make the same mistake the workmen did four years ngo nnd invite even a grantor misfortune thnn they tumbled upon themselves. There is absolutely nothing in' free silver for farmers. ' AVhntever they want for relief it certainly is not depreciated money—dollars debased. We hnve been going QH uow with dollars of the same value as that of gold for eighteen years and a change in the purchasing power of a dollar will uot help any honest man, unless it is incidentally and in a potty and fractional wny., What is the matter with farming? The owner of one of tbe finest farms in Knglancl, within sight of the forest of Windsor and the towers of Windsor custlc, stated-to me that wheat had.got so cheap in Englaitd that the straw was more valuable than the grain. r The depression is not exclusively American. Tho trouble is acknowledged—what is the remedy? Whatever may bo wrong, and however.difficult it may be to right the wrong, there should not be a farm-"' or'in all America so ignorant as not to ' know that the man who bus done most to ' frame a tariff law to help the farmers is William McKinley. What SloKlnley Has Dune, What did he do? Consider sugar bounties, for one thing. If the law had been allowed to remain as ho drew it.Nebras,- • ka by this time would" have teemed with . beet-sugar manufactories, every one a help to the farmers, nnd tho soil of Nebraska is better for sugar beets than that of Germany—only needs a good start to establish an enormous, and invaluable industry, Tho McKinlpy duty on barley caused tho raising of millions of bushels additional to the average of former crops, and this reduced sensibly the excess of wheat production. This is an example of what we moan by the diversified industry that the protective system promotes. We want more of it, and that is McKinleyism. Why are wheat nud butter'down? As to wheat: The use of agricultural inn* chinery and tho improvement in transportation 'has* cheapened labor and extended available territory. Argentina is a prpdislo«s' wheat field. The ^oij is admirable,' the rJTpwf are deep, the plains give full sweep to the machinery, the r»U* , ponds hnyo "nothing else to do than car* py tlio wheat to niarkefnnd the steamers carry the srnlu -to Liverpool Jn huge car- * gocss. Sailing vessels whopo sails are nulled' About by steijini; pvjng ,bunds, '• (ihennen. tjip pogt of, putting down Ar- . geuUna-wueAtln. Liverpool, Egypt, India, 1 ' OanMa. JVvissja, compete >vitll us jn tho • wljent wnrlfPt of Western Em-one," The, world is ft sort pf country nojglvborUood t -"• at \9 the nmtjpr with biittep? Lpt rjpo pf bnttpp gp up jji New York _-.or $0:pents » pound^a Jiving cp' '< uiade prpflwiug-butter, nt" " nR8 ^ A,pajbjl _ .„„, pd'4ttCre ore;'jHliip,

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