The Algona Upper Des Moines from Algona, Iowa on October 13, 1897 · Page 4
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The Algona Upper Des Moines from Algona, Iowa · Page 4

Algona, Iowa
Issue Date:
Wednesday, October 13, 1897
Page 4
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It,--) & MOIN1& AMONA, IOWA, WEDNESDAY, OOTQBltt 13, 1891 BIT 1 WOtt AM * WARRfeN. T*r*na> to Subscribers. Otte copy, o*i« yea*-- ...................... «•£? One copy, sfct months ..................... <o Oneoopr, three months ..... . ............. «0 Sent to any address at above rates. Remit by draft, money order, or express or- Rstes of adverttslng sent on application. . SHAW REPTJBLICAK SOMINA1TOK8. StATK TICKET. FwGovernor ................ LBSMB M. For Lieut-governor ............ J. OMi For Supreme Jadge ..... CHAS. M. WATKRKAN For R.B. Commissioner... — C. L. DAVIDSON fpr Slate Superintendent...... B. C. BARRETT COIJH1Y «C«Et. For Treasurer .................. R. EL SPKSCBK For Sheriff ........................ C. C. SAJISOH For Superintendent ............... B. F. REKD ForSimreyor .................... C. A. ForOoroner ....................... DR. For Supervisors, j;;;;;; from. Their bitterness runs into succeeding campaigns. They often do the greatest damage at a time when the vital interests of all are affected, and when the differences oat of which they sprung have been long passed. THE UPPER DBS MOINES is opposed to them now and in the future, and it hopes that everj republican voter in the county will seriously consider all that is sure to follow before he lends his voice or vote to one this fall. Let us give Koseuth the good standing in the state of being able to poll a full round vote for any ticket of honorable men fairly placed in nomination. THE 8ILVEB ISStJE. In a previous article I have reviewed the relation of wheat to the silver argument, as that argument was presented last year and the revised silver argument as presented this year. 1 wish now to examine the relation of corn and oats to gold, and to the THE SHAW MORTGAGE RECOHD. The Courier last week issued the democratic supplement containing a list of mortgages taken in the name of L. M. Shaw at Denison. Last year when Mr. Romans, also of Denison, ran for congress against Mr. Dolliver, a list of the mortgages held by him was tendered to Mr. Dolliver, but he declined to use it, and L. M.« Shaw also declined to use it in his campaign work for Mr. Dolliver. Mr. Plummer of Forest City is also a money leaner, but at no time have the republicans descended to this method of campaigning, and have never referred to his business or business methods except to show the absurdity of his expressed hostility to wealth. Mr. Shaw in his business instead of loaning eastern money and taking mortgages in the names of the eastern parties, has loaned his own money and taken the mortgages in his own name, selling the securities at his convenience and in lumps to eastern buyers. The advantage of this method is that the money is always ready for the borrower at once, and no delay is needed while eastern loaners are looking over papers, etc. Mr. Sbaw has been a very successful business man, bis operations have been widely extended, and his loaning list would make any man happy. The mere fact that he could build up such a business shows that he holds the confidence of business men. No charge of usurious or unjust rates is made, neither is an instance cited where he has oppressed an unlucky borrower. If the Courier or County Chairman Bonar consider the circulation of this document advantageous and will see that THE UPPER DES MOINES is supplied with supplements, it will be pleased to furnish them to its readers and to call special attention to them. ACCEPTING fcEFEAT. The Iowa Falls Sentinel pays Senator Funk a deserved compliment when it says: " Hon. A. B. Funk of Spirit Lake made a square, honorable effort to secure the nomination for governor and lost He came up smiling, went home, and is working like a hero for the success of the ticket ever since the convention. That kind of a man is a winner, whether nominations come to him or not," In a more local connection Mr. Mayne of Bancroft is deserving of the same praise. Although defeat was a disappointment that came accompanied with some stings, he has accepted it philosophically, and is working with undiminished energy to maintain Kossuth's solid republican line. The same may be said of Mr. Wadsworth and Mr. Joslyn. Every defeated candidate in the late county convention is entitled to the same praise. However deeply some of their friends may feel their disappointment there is not one, who was a candidate, who does not abide by the decision, and who will not heartily support the nominees. It is difficult at all times to accept defeat. But the Sentinel says truly that the man who can drown his personal feelings and loyally accept results is a winner whatever happens. FOR A FULL VOTE. The Wesley Reporter suggests that because THE UPPER DES MOINES speaks in complimentary terms of the opposition candidates for local office, it may feel friendly to their election. THE UPPER DES MOINES has always spoken well of all citizens of Kossuth county, whether they were running for office or not, and it has always regretted that a political campaign cannot be conducted upon the same level of decency and courtesy that ordinary business and social relations occupy. But THE UPPER DES MOINES does not feel friendly to the election of the opposition ticket nor any part of it, for several reasons. In the first place all the men on the republican ticket are good citizens fully worthy of the honor that has been conferred upon them. From Mr. Jones to Dr. Morse the list includes long-time residents, who have won and held public esteem, who have been enterprising and public spirited, and who have shown ample qualifications to render excellent service in office. In the second place they were each and all fairly nominated. They were before the people prior to the conventions, their merits were fully discussed, and in all instances their votes in. the conventions were so scattered about the county as to show that they were fairly the choice of the majority. In the third place their election or defeat is not the main issue, but is only an incident to the real purpose of the campaign. Bryan stated correctly that the vote of Iowa will be of importance as a test of public sentiment on the verdict of last year, and it is a universal experience that a local fight cuts down the party majority. THE UPPER DES MOINES has had considerable experience with independent movements and attempts to purify politics by electing the opposition, and it can testify out of the fullness of its own knowledge that nothing good results. In the long run the, public service js weakened, while the bitterness engendered invariably prevents a harmonious effort to secure the real ends of political organization, Govern- n^ent by parties is the beet government. The only way to secure it is to recog^ once for all that men who are of character and are fairly nominat shall receive the party vote. This Applies to 4e»pcrate as well as to re- EDITORS AT WEBSTER CITY. The Upper Des Moines Editorial association held another of its successful meetings at Webster City last Thursday and Friday. Congressman Dolliver delivered his address on our national life Thursday evening and Congressman Perkins Friday evening discussed independence in newspaper work. A splendid program, receptions and rides and a banquet, occupied the afternoon and late evening. Lafe Young, Cyrenus Cole, Geo. E. Roberts, Al. Adams and some spicy local speakers furnished the after dinner program. Webster City was enthusiastic in its welcome and everybody came away thoroughly convinced that it is one of Iowa's best among the smaller cities. Not least of its attractions are its two daily papers, both thoroughly equipped, beautifully housed, and ably edited. The meeting was a pleasant vacation for the craft, and was attended by a very large number from all over northern Iowa. COME AND HEAR SHAW. Leslie M. Shaw will speak in Algona Saturday afternoon. It will be the meeting of the campaign. Let everyone who wants to know what kind of a man the republicans have chosen be present. It insures a square line-up ££ the nmi» issue, and it affords the W»e only opportunity possible for cpynt lp the deterjni tbe great matters of national independent movements EVERY readershould carefully peruse Geo. E. Roberts' discussion of the fluctuations in the prices of corn and oats. It concludes his review of the silver argument, and effectually disposes of it. law of supply and demand Which the silver people have Oils year discovered. We heard from the sliver people last year no explanation for the low prices of corn and oats but that they were caused by the gold standard. They carried the idea that there could be no better prices until some legislation was had to take part of the value out of our money. Mr. Bryan's favorite method of presenting their argument was by the " teeter board" illustration. He had never known, he said, both ends of a teeter board to be up at once, and as all property was at one end of the teeter board and money was at the other, the only way to raise the value of property Was to put down the value of money. -f- -f- -*Now there is a sense in which Mr. Bryan's proposition is true. When a man's argument satisfies as many people as Mr. Bryan's does it is evident that there must be some truth in it. But the truth they see may not be related to the real issue, and it is not in this case. Of course the relative value of money declines as the prices of all that money can purchase rise. That is not the subject of the debate. That is not the point of disagreement. Nor was there any division last fall upon the proposition that money at that time was unduly valuable as compared with most products of labor, or in other words, commanded too much of corn, oats and other things. These are the truths which Mr. Bryan likes to put forward, but our business is with the fraud that lurks behind. The first stop in every argument should be to separate that upon which men agree from that concerning which they disagree, and lay the latter naked and alone upon the dissecting board. Kvery republican advocate last year assumed that prices were too low. Why then should a man who occupies the position of a leader of thought base all his arguments upon the false assumption that republicans desired prices to remain where they were last year? The real difference between Bryan and McKinley, and Ihe supporters of each, was that the former held the only way to raise the value of property as compared with money to be by manipulating the money, while the latter held the condition to be a strained and unnatural one not to be corrected in that way. Suppose a man in health and vigor to weigh 200 pounds. Disease attacks him and he finds that up"on the scales he only balances 150 pounds. He consults Dr. Bryan, and the latter says: " The trouble with you' is that the weights on the scale beam are too heavy. Take 25 per cent, of the 'heft' out of those weights and you will weigh as much as you ever did." "But," says the sick man, "I admit that those weights are heavier compared with my weight than they used to be, or than I like them to be, but I don't like your remedy. These are the same weights by which for the last seventeen years I have weighed around 200 pounds, and I would like to weigh that again, without changing the weights!" That is about the kind of a debate we had over corn last year, and we decided it in that way. The republican party under took to put the country back into a healthy condition, and promised that when the natural balance between production and consumption, between supply and demand, was reached, and when the people of this country found places to work and had the wherewith to buy, the price of corn, and of every other product, would find its old level, allowing always for such new forces as might develop to alter the cost of production. ton makes every year an inquiry as to the amount of corn in the country on March 1, and publishes an estimate. These annual estimates for the last 15 years have been as given below, and I have added the highest and lowest sales in Chicago during that month, that the reader may note how the price has followed the supply: March 1. Lowest Cents. 52 H 37* Highest Cents. 69J4 64K 41H 38M 40 JUST REOEIVED-A Bn in u. s. 1883 587.468,843 1884 612,224,003 1885! 675.216.664 1886 773.046,490 1887 603,344,650 1888 508.273,510 1880 784,482.060 33* 3oM 1890 869,938,480 28 29* 1891 542,173,250 54 <0 1892 860393950 3654 41« 1893 626817,370 39X 41X 1894 585.816,350 34* 37K 1895 475.565,430 42* 48 1896 1,072,273,700 28 30H 1897 1,164,000,000 22^ 24H Compare the year 1896 with the year in which the supply was next in quantity, 1890. The supply in 1897 exceeded even that of 1896, and courage wa»gone out of speculation. When a supply of anything goes on piling up beyond requirements the price becomes very sensitive to additions. No one want* to buy for investment. They reason that what has happened twice may OF" FINE LINE FANCY DISHES In French, German, and Austrian China. IN THIS NEIGHBORHOOD. Rev. Bugnell goes to LeMars. Buffalo Center grain buyers got 156 loads in one day. Lawyer Curtiss was up to Estherville on business last week. Burt's new Methodist preacher is a son of Rev. Wm. Whitfield, once of Algona. J. J. Jollife's sister in Pocahontas had a giant tumor weighing 100 pounds removed. Hon. J. M. Schleicher, father of J. M. Cowan's son-in-law, has been road supervisor in his township in Humboldt 30 years. Livermore is getting up a fine course of winter entertainments, Robt. J. Burdette, Father Nugent, and musical programs of merit. M. H, Richards, who conducted Ackley Hubbard's canvass for the senate two years ago from Spencer, now has 26 men digging lead ore in his mine in Wisconsin. Democrat: The Algona UPPER DBS MOINES says that Algona has a better band than is appreciated. So has Emmetsburg. The boys ought to be encouraged more than they are. Senator Gilbertson has bought the interest of Chase Bros, in the Forest City Summit. It will be run by Ford Howell of Des Moines. The Chase brothers have been good newspaper men, and have conducted a bright and newsy paper. Jas. Taylor is branching out his business and advertising in several counties adjoining Kossutb. The West Bend Journal says: Mr. Taylor is one of the leading merchants of Algona and fully appreciates tbe importance of advertising. Read what be says, Everything will be just as be represents H to be. EsthervUle Republican; Rev, G. W. Southwell, tbe new pastor of the Methodist church, occupied tbe pulpit last Sunday morning and evening, Be preached to fine congregations at both eervlces. Rip serpions were well re* eeivsfl, being clear, earnest, forceful '.ations pf gospel truth. Tbe wlH give Mm e, royal welcome lfew^Mr. Southwell will 414 people to labor with. happen again, and thus the same loss of confidence which the big surpluses of wheat caused as to that grain occurred in the corn and oats market •+• -j- -i- It should be remembered that a surplus or a shortage, although small, has an influence upon prices out of all proportion to Its proportion of the crop. If there evidently isn't enough of a thing to go around buyers are bidding to get it away from each other; if there is more than enough to go around sellers are bidding against each other. Two hundred years ago an English economist of note, Gregory King, made an elaborate study of the prices of agricultural prices, and produced a law of the surplus which has been accepted to the present time as at least approximately correct. He calculated that A decrease In supply of 1 tenth raises prices above the common rate 3 tenths 2 tenths raises prices above the common rate 8 tenths 3 tenths raises prices above the common rate 16 tenths 4 tenths raises prices above the common rate 28 tenths 5 tenths raises prices above the common rate 45 tenths. -f- -f- -<If the price of corn was forced down by the gold standard the price of cattle and hogs would be forced down in the same degree, so that there would he no more profit in feeding stock than before. By this test is again revealed the falsity of the silverite assumption. The cattle feeders have never had better profits than during the past year. The trouble has been that the corn grower has been at the mercy of the cattle feeder. All of the fair compensation which we would like to see go to the farmer has been absorbed, not by Wall street, but by the man who owned cattle. Practically the only use we have for corn is to feed live stock. It is not a bread food. Cheap as It has been the farmers who raise it have eaten hut little of it. The price of it depends upon the demand for it as feed for cattle, hogs and horses. The general public makes a market for corn only as It buys meats. There is a very loose and common statement to the effect that there can be no such thing as over-production, but it must he apparent that where one man raises steers and another raises corn to feed them, and the public buys only the meat, steers and corn must be produced in right proportions to each other. There may he an over-production of one in relation to the other. If there are too many steers for the corn raised, the steer-raiser will get a reduced proportion of the money that is paid for beef. On the other hand if there is too much corn in proportion to the steers, the steer owner will get the lion's share of the Als a complete line of water and lemonade sets.. Langdon &> Hudson. TELEPHONE NO. IS. Right now is the time to •/ Only one year has passed and we have already seen the prices of all farm products make a healthy start back toward the old figures. Wheat, rye, barley, flax, oats, corn, hogs, cattle, sheep have taken steps in that direction. Evidently some influence is at work which Bryan did not tell us of last fall. It has come to pass without our touching the money. But they have an explanation and we wish to consider it. They say the supplies of some of these things are less than last year. The question of supply is always a pertinent one. The man who, undertaking to discuss prices, ignores supplies, is not worth listening to, but that is precisely what Bryan did last year. It suited his purpose to ignore supplies last year, just as its suits his purpose to emphasize them this year. And yet if short supplies are affecting prices this year perhaps large supplies were affecting them last year. Let us make a fair examination. -*--!--8- In last week's article the average prices of corn and oats in Chicago for each year from 1861 to June 15,1897, were given. The record closed at the latter date because that was when the quotations were obtained. To obtain the average I took the highest and lowest sales on the Chicago market on the 1st and 15th days of each month. I found but little difference between an average based on the 1st day of the month and one based on the 1st and 15th, and therefore believe an average based on every day would vary but slightly. I repeat the summaries given last week. Corn, gold value, 1861-'70 8 .469 Corn, gold value, 1871-'80 425 Corn, gold value, 1881-'90 458 Corn, gold value, 1891 '95 450 Corn, gold value, 1886-'97 249 Oats, gold value, 1861-'70 249 Oats, gold value, 1871-'80 294 Oats, gold value, 1881-'BO 302 Oats, gold value, 1891-'05 305 Oats, gold value, 1898-'97 -175 These figures dp not show a rising value of gold compared to corn and oats, down to 1895. The low prices, which the silver people attributed to the gold standard came in the latter part of 1895, and we have already partially recovered from them. No man can safely affirm that when the decade ending with 1900 is completed its average price of corn will aot he as high fts in any previous decade. The burden of proof is upon the silver theorists to show that the low prices of corn and oats for the past two years have not been due to the natural cause which alwaye produces low prices, viz: A »VPer- abuftdjujt supply, relative to the demand, deuartaewt ttt Hard Coal while the price is at the. bottom notch. It will be higher before long. I shall be able to sell and deliver the best hard coal, also all grades of SOFT COAL at the best figures to be had in the market. See me before you buy. I will make it to your interest to do so. A. H. NAUDAIN. (Concluded on eighth page.) The Wetmore Truss. Why Not Buy Your Crackers By the box of us and save one-half the usual price per pound. Oyster Sodas and Butters $i per box, 20 to 24-pound boxes. Ginger Snaps 70 per pound. You share the retailer's profit when you buy groceries at THE CASH GROCERY. We sell and deliver hay and grain. J.-C. ANDERSON. South of court house. 3Do 37-013. "want a*. THIS TRUSS MURDERS Mel illn. I WEAR THB WBIHORS TRUSS A truss embodying the sym- plicity and durability of all other trusses, and yet unlike any of them. The most simple truss ever made. Is practically indestructible — wears forever. Made on strictly hygienic principles — no cumbersome springs to pass around the body. It gives perfect freedom of action without the slightest movement of the truss. Does not take one-half the pressure to hold the rupture that the old styles take. Holds the rupture easily, yet firmly and surely. It stays Just where it Is placed. The cheapest high-grade truss yet produced. It is absolutely guaranteed to fit and hold the hernia with comfort, or money refunded. Don't buy any other trust* before trying this For sale and guaranteed by W. J. Stttdley, PHARMACIST, JA, FARM AND H WHERE you can engage in diversified farming and not be dependent on any one particular crop ? WHERE the climate is free from malaria and perfectly healthy ? WHERE there is a sure and reliable rainfall ? WHERE the soil does not need to be fertilized ? WHERE your children will have the best of schools ? ' WHERE your family can enjoy church privileges ? WHERE stock raising is assured by good pastures covered with nutritious grasses and watered by spring-fed streams and lakes? WHERE fuel can be had for the labor of cutting it ? WHERE you will have a ready market for your stock, field, garden and dairy products ? WHERE you can buy land at from $3.00 to years' time, at 6 per cent, interest ? If you do, the J.oo per acre, on ten Northern Pacific Railway Co, Has lands in CENTRAL MINNESOTA that will make both FARMS and HOMES. For particulars and maps write to Eastern Land Agt. N. P. Ry., St. Pawl, Minn. W. H. PHIPPS, Land Commissioner. Or apply to Pingley, Cooke & Cg. t local sales solicitors, » AJgtnjjQWi. aCT^ -i -r

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