Logansport Pharos-Tribune from Logansport, Indiana on September 26, 1896 · Page 7
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September 26, 1896

Logansport Pharos-Tribune from Logansport, Indiana · Page 7

Logansport, Indiana
Issue Date:
Saturday, September 26, 1896
Page 7
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Vo/X/WSXV We OHcr \ou a , REMEDY Which' INSURES S«lety i 'ol Lite to Mother < and Child. ^r^f • w ~^^ ^ ^ ^^^ EXPECTANT MOTHERS, "MOTHERS' FRIEND" Robs Confinement of Its Palti, Horror and Risk. My wire used "MOTHERS' FRIEND" be- fore birth of Hur llrsi, child, she did not i suflerfromCIIAJIl>SorPAIHS-wnsquickly i retloveU ut tho critical hour suffering, but, llttle-sho had no miins afterward and her Sent by Mull-or Express, on^receipt or ( prlw, »I.OO per Iwttle. Book "To Moth- l era" nmlled Free. .. . . •. .. {BBADF1EM) RKr.trr.ATOB CO.. ItUnt* fl«. V SOU> BY Alt BRVOalSTS. \f+S*^S~+S****S*** f **' A SHORT JOURNEY TO CALIFORNIA IN : • ' FIRST CLASS STYLE The Southern Pacific Co ••SUNSET LIMITED" TRAIN. Over the Sunset Route-New Orlean* to Los Angeles and San Francisco. Was discontinued . Aprd 16tb. The imperlor accommodations given thb ntnt number of patrons of tbe above trtln during tbe past tourist season. «»rrants the; announcement o( plans. f»r nest season of finer service with •qolpment superior to anything yet *nown In transcontinental traffic. Look for early re-lnancuration of -KUNSET LIMITED" thla fall. For Home Seekers. The Southern Pacific Co. "Sunsel Route" in connection with thu "Queen tnd Crescent Route" are running tbe only line of through tourist Pullman Weepers leaving Cincinnati every Ihnwday evening for Los Angeles and BAD Francisco. These excursions are specially con- •ncted and the object Is to enable tbo».. who do not care to buy tbe first-claw •ound trip or one way tickets, to enjoy . comfortable, ride with sleeping car privileges and no change of cars at the »»ry low second-class rate. . For further Information, address w. H. CONNOR, Commercial Agt. 8. P. •v., Cincinnati, O. •W. G. NEIMYFR. O- W. Apt. •«., Chicago. Hi. B. F. MORSE, O. P- * T. AP •o., New Orleans, La. Labor is the True Measure of Values. *' LABOR BUYS MORE With Less Hours' Work Than Ever Before. gumelTSrthSiavwpeopt'-' TU '"- . 'money has been reduced since 18,.i. It, Is interest-Ins in this connection also to note that the -pcper 1 money of tho world hns trebled' iu the past half century, hitvlns been in 18-18, according to MnlhnJl,. ?1,300,000,000, and I-u.lSOO, .f3.S75,000,OOOi . There is still 'imiotmer llpiit in which this currency question siumld bo considered. W the valwc of a l.ouse "«p. predate*" the rent .Imcreases .proportionately. If R deprecates Jn value, the v rent falls. This rule applies 8. V 8. TIME TABLES. -t . . ^V3.nja^£5. Leave for Cblca«> 3:15 sm; EEL mVBB DIVISION. WEST BOUND. EAST BOUND. ... NO *..«„*.....:......:..:.. r.-H^-"" 10 ,$SS NoStlmte •••••'" * yANDALIA^jLJ^^ Lonls. No lidalll except Strndaj......... '-;••••-•$& S;S »!.. if Qvinrinv nnlV.......!.«<•*«•"•«•*•*" . . No 15.08117 except sonaaj ...,-.— &2Ss&ng%§gJS&t iMrii.. A.'.J 'of JI»«T«,' i*. r •plwdldilup*^ .[Hto «i'.woiid«ft»l: r €dy tor conrti «nd long trouble*. fr bnr«..col Ilk. Uj." htodtanlce.ci It U lmlti«bl*'ia the ten H«s gold "apprectated? 1 . 1 ! Tlie advocates of the free coinage of •silver siiy thut It.JMis; Like the man 'who thinks his own train in motion •because the one alongside IB moving in an opposite direction, the sliver men Insist that 1'ustend of all other prices' (including tlutt of sHvor,) hfl-vlug fallen, the price of gold has really risen, and tho price of every tilling eke lias stood still. They n^ wt tlrat tlierc> lins bC ° n a steady change in the mci-o of a dollar in gold to a giVL-n quautl-ty of p-aln. cotton, clothinp, food and.silver, and ariie tliat since one dod-lur in-Kolcl will buy more ot nil commodities to the markets of tihe world today than it did in 1ST3, gold has advanced to value, while the value of other articles has stood still. Hence their constant as- .*orrlon that "gold has appreciated." ]>t us see. ,To appreciate moans to inortsise in value. Anytldu K which Increases iu value, docs so eltiier because .it has grown, ivI-.-Uivo!y scarce, or be- ca.use t-adh individual .needs more of it for -liis dally use. ' ' • NOW has this hainxsned winh gokl. Fifty years years ngo the world h:ul a •billion'people in round number?; now .it has a. billion and a half, Tho population IKIS increased .Afty. per cent. In lil'ty yeai-8. Has the gold oC the world increased a,t the same rate as the population? If .so have .7\:e uny right to assume that jrold'has appreciated? If it nppcaw that it has increased more vapidly than tho popnlntlon, would it not.rather clo- prechnte thnn. appreciate? GOLD riRODtUlOiraON HAS G-BBAi- IA IX.OBEASED. Let us examine the figures, rrom tlic lx*t authorities of tihe world, BooUieer Mulhall, r«*ton and others. -Mullmll indicates that the ainohni of gold n .the world, coined and'uncoined, fifty years ago amounted to li-ss tlia.n -f-,- r,00;000,000. Taking his figures for 1890 and-adding the produetiou since that date, the gold in the world today, coined and uncoined, is shown to be over $7,000,000,000. Thus it will be seen -thait the world apparently has about three times as much gold today .as it had fifty years ago. If there had been no increase in population in the meantime.there would thus be.three times as much gold for each person now as there was a half century ago. But the population has increased 50 J per cent so'there is apparently twice as much gold in the world for each individual as there was. at that time. .. GOLD COINAGE'HAS GBEATL> INCREASED. But this is not all. Fifty -years ago only 33 per cent, of tbe gold of the world w-as coined Into money. Now 00 per cent of It is coined. -So It appears that, while the per capita of gold has been doubled, the proportion of : that gold which is-turned into coin has also doubled. This means .that there Is four times as much gold coin for each individual in the world today >as there was flf'ty. years ago. Does this look as though, there was a scarcity of gold? If go« ^^ times a« plentiful for each individual .today -as it was fifty years- ago Is-H reasonable, to assume that the legitimate need for more of It as a medium of exchange 'is greater tiha.n it was then? If not, bow can It be shown that It has "appreciated?" ' There is another way of looking at it. Of the total money of the world fifty years ago only 20 per cent, was gold, nearly 35 per cent, of the money « the-world K.gold. Had theDemand for money increased.nwre.rapMly. than the 'gold increased, there. wouM : bave. been a greater proportionate growth ot the other kinds of money, either silver or paper or .both, for both are plentiful and are constantly -used, for currency everywhere. -But their proportion has decreased? while tihe proportion, of gold tins increased. ••..,-.- • . - . . • ' "But," say the friends of silver, the mere fact that,gold money has increased does Jiot prove that it la sufficient to meet the wants ot. business, because since the crlme'of,1873-ln this country and similar.crimes atont.thC: same date in other countries, the quan : titv of silver money (has decreased." SILVER; '-, AND ,.,'PABER.'/.MONEY. ":,. HAVE ALSO INCREASED. : :, .''Let.us see about that Preston, the •r>l<r<Mtor of the United: States Mint, estimates: that :the. worlds .silver. :money in 1873 was r*l,817,000,000:. He, estK mates the: world.'s silver money: today- t'o be $4,070,500,000;. of n'hlcb: amount: ^3,440,700,000 Is full legal tender. Thus; tlie. silver money of - the. .world, has an• more than-doubled :since 1873-, Ulti y I*-'" 1 ' i't-"^' - ' i-tlually to the vent of money, usually termed interest. This test^ught to determine the -actuaJ value of. money and stliow whether it is scarce or plentiful, In the past fifty years rates of Interest have fallen -from' one-fourth to one- half, according- to the locality, thus In- -dicaililiiig thait thei-e is less scarcity oC money to meet business demands than was the case fifty years ago. . . The increase in 'the gold of -tine world hns' been something enormous In the pa.st half century.' Prior to 1845, the a.venifio produetiou seldom exceeded ten million* « year: Simco that time it has been from 100 to 200 millions ft ye-iu-. Tims the rate of production increased ten-fold, -and iu some years twenty-fold, 'and had -s-.i arty years trebled tihe amount'of gold in the world and auiulniple'd th<? .•uiiouHt of gold coined for each individual. BASS TH33 GOLD IN'OREASB KEPT PACE WITH T(HE NEEDS OF BUSINESS V "But," says somebody, "-the ^ business of tlie world lias Increased enormously mc;ii«imo, at a much greater rate tlia.n the .'-old lias increase, and since the amount of gold has tolled.to keep pace with business, gold 'lias niuurally "appreciated." Let us examine that subject. It is Vme tluu the business of the world has increased enormously. The • value ot .the Industries of the globe -is today, according to Mulhall, three times what it was fifty years ngo, and the commerce of ijhe world is six times as great as it was' at that time. In tha.t same period gold has only trebled. This would seem to give color to the' claim -ttet the Increase in gold bad not kept pace with the demands of commerce, NEW BUSINESS METHODS BE" DUiGB THE DEMAND FOR COIN. But another and very important factor comes into tlie problc-m just at this .potat. Tkrt factor Is- the matter of hanking facilities ami .toe-use of tlie medium of exchange which passes between them atid tlwir customers and takes 'the place of the more bulky and less convenient com. fifty years ago the man who engaged to commerce carried with him the gold with -which ; plylng-;,to^-sune of things hi -wlilcJ. money,"thrity : ijoid or sliver,,is the;ex- cluslveVliistiiimeht "at'' exulwmge • and actually'.passes from hand to himd at •every purchase, credit iu a».V ° c lts shapes being unknown. Wdien credit comes into play as » means of purchase distiiuff. from money -l.n luind. the cou- ncctlon between prices and «»' Ji'inount of circulating medium is much loss direct liud InHmate, and such couuoc- tion no longer admits of so simple mode of.expression." Uuder this system, vne commodities whose value 'is expressed 1" terms of the; stamliu'il of value are. exchanged for ot'ber commodities-whose values «u-e Jilso expressed in the same terms, while actual money, apart from its use •as n common denominator of valno, •Joes not enter into tlie- transaction. As this great medium of exchange in- CTIKISOS the need of coin ducrcasts. L \B01l IN TRUE ..MEASURE OF VALUE. But there Is one more U-st of this actual-value of the gold, a test which docs not depend upon theories or tedious Inquiry as to quantities of money or methods of business transaction. Tfliis.test is -a. simple one, but the most Important, vhe most accurate and far- reaching of all those which have been applied. This nwst Important of all tests is, Hie amount of gold whlldi a given. qiMi.iutity of .ia-bor will buy. The real standard of value in tlie world is labor. It is this which, pro- ilnecs all commodities, the necessities a,s well as the comforts ami luxuries oil life. The food wo eat. the clothes we wear, the houses in whieli we live, tne iiL-cessi't-iies which a Oialf century ngo AVCIV considered luxuries, are all the r«-. svlt of. labor and ihe money which is paid tor them measures the hows of hvboi- which'produces them. Labor Is, then, "the real standard by which to me.'ism-e sold. If -a day or an hour oC tabor will buy less gold tod-ay than it did fifty years ago. then it may be properly said that gold has "appreciated." If it will buy more gold today than it did fifty years ago, then gold has depreciated, and if cg.cn grain of -old which an hour of liffior buys will nlso purchase more, of manufactured commodities than it did fifty years ago, then the laborer has again multiplied the'value of Ms time and skill. Let us see about that. A committee, of the United Suites Senafe known as the Aldrich Committee, made a. thorough" investigation a few J-^rs ago -Into the question of wages, and prices, and nftcr a long and tlhorough research made a. report, the accuracy of which is everywhere accepted. That investijr-.i- lion showed that a day's la.bor in nearly all the trades would, Iu 1800, buy f I «• ^m • • • •••_» — THE GREW SOUTRASEWCM BitSHt I ...CU«*B•• • i, Croup. • it clears the headof foul'mucous; healstbo Lores and ulcers of tfie head and. throrti asweetens the.-bttfcth, and perfsctw restores jJthe senses of the. taste,' smell; and. "«««"& §Stops headache and dropping - .into the ItLroat. Also' destroys the germ which cauasc 1 HAY FEVER. Iraakinir a perfect cure in a few days. Ifailst ^fetal'caseo'^GsiPPSever! Iwhere Brazilian Bal^. -s faithfully B«- l"»strar !\tCTippe germ wdquickiy.remotM 1 tie, tr-bad effect. ' v INFu. LIBLE in ASTHMA CROUP, BROS""-** •"EURJSV. PNEUMONIA, DYSPEPSIA. i VTISM, TYPHOID and SCABM* £ MEASLES, and any disease whew this.. nflammation,FeverorCocge»non. Greater* relief in Consuantion ever dif covered. uCures a fresh Cold m one aa». stoje '^^^^SSi^^^'S^^ HL CONSTIPATION AND PILES. ^> u »»••—•-"' i *i ** Mimculouft.• Thfi Bost Ffiin*ly Medicine In ExIstciflBr "Jo'cent BoSewntains 10IMJosfr«J«:I«to Treatment for CatarrH. »1.OO BOTTUt EQUALS THRWB GOc, BOITI-ES. i. '•M tHzV—Judtrc Edward wootte*. BOLD BY Au.pKu<aGrsT8 B . F. JACKSON & CO., Cleveland, Or AND BBAUSKS- " C*I.li'"l »» 11-11 !*.«."* ~— — I^i to make his purchnscs. He went by stni?e coach, aind.snilinp vessel, find the K ol<l to his leather belt lay idle weeks or months while the tedious. journey made. Now he deposits his money Iu bank, tihe Honker loans a given proportion of his deposits to those who desire Jits immediate use, and it is kept in active, circulation <mesintim<a. ffhe owner of- the gold takes .in Its stead a slip of paper, -a draft or bill of exchange, good wliere- o.ver he may present it, and 1C ho wants more, It is transferred half way around the world on his demand by .te-legrapHi, in the. -twiinkllng of nn eye. -The banking facilities of the world have Increased ten-fold.in the past fifty,i/oars and instead of-most, of the business toeing. done- by a : hfind-to-sajid. exchange of money for property, 05 pei eeu't. of tbe .business .is. performed •with that comparatively, new medium of exc-hanKC, banking paper, whose elasticity, convenience.;.nnd-.power,- ot instant transfer, hns revolutionized business a,ud reduced enormously tho proportionate-demand for,j?old,or other metallic money In the great business transactions, of the world. The. use of-tlnis new. medium, of exchange grows nearer, to .tt.e masses every day. A recent iByestlg-ation- by the .Comptroller- of *e Currency showed that nearly .'sixty P« cent, of tlie payments-ran.de to .'reto filers, such as- butchers,,grocers, clothiers.and pen- oral, dealers, are now made In, checks Instead.of tlie use of money iitself. The money -which tttiese checks: represented had been: deposited i-n the banks by 'the.owners, but.only n,given proportion of.Jt was kept in stock by tlie bankers, ' w-iio know by experience that .only a certain Deraiart*«9i!6*B MleiT deposits IT fll'l VI1V u» tu,ivi-~> »• wua« ( -— - : .itlKiut double the amount of gold that it 'did fifty years earlier, and do it with lew hours of work in a day. For instance, plasterers, who, In tihe go-Id old 'free-silver days.of 1840 got .<?1.50 : per day were pair $3.00. in 1890; btack- *rolthfi who received $1.30 per day in iSiO pot $3.00 in 1S90; painters whose, wn«cs in 1840 were $1.25 in 1800 were on Id $2.50; wheelwrights who earned *1 "5 Iu 1840. got $2.50 in 1890;. engl- • al e u rs who received $2.00 per day in 1840.were paid $4.25 hi lS90,.and.sp on.. nuctaR eleven representotive classes o,' workinsmeti, engaged in the particular Industries, as a.basis, it was found -Mr-it''the flvewc rate of w^ges advanced from $1.30 per day in 1840 to so 37 in 1800, or that an hour of lafior would earn nenrly twice as much cold in 1890 as.It did .in 1840. ..... GOLD : HAS JDEPHJECJATED RATH- then'.ban it .be .asserted that For sale by B. F. KEpSLING 5UHMER TOURS RECORD ROSE TREE. Mammoth ProportionTof » Co»p»»»tlT». • A ren>arku.bie°™se tree grows is the gardens of the Ch<rtfe«tt Eleonore, in Cannes, the summer residence ot Lord .Brougham,, a nephew of the famous .chancellor. The plant,-says the New York H<rraldrte a:variety ol the tea rose i „„ n * "xrhrlc"van Houthe." Thougra "BIG FOUR" will be calle , <ind are tlOW 'LUtfU , yuu >*• . v ~ .•:-.- poldhas '.fippi-echitwl?" It has depreciated, and. that .highest niul noWest o .„!! standards, human tabor, will today •buy'move otitthau it did .flfty years nso while the' <l«precwited gold thus purchased, can ta turn..be exchanged for more of other commoditJes, which li.ivc still further depreciated by the Improved methods oCprektaction, manufacture and transportation which, the mpeaulty.of the human mind have produced in ;the• -wonderful- nge in which we fli-i 1 living. '. SUNOPHT IN THiE SEA. Even where the depth of the sea is. 1 580 Wit sunlight will penetrate if the' water 'is very ctoai-. Experiments which were made to the Mediterranean near Corsica, 18 aniiles from the land, prove this. toVtuc-aiM, and tiie results known as "Marie"van Houthe".' „ only six years old.1t already measures 67 feet in circumference, and will, i- permitted. grow very much larger; Lord Brougham attributes its extraordinary dimensions principally to the : 80 il. which consists of rich loam of great depth..««d also'.to. the liberal way m Which its appetite for manure la «aUB- fiecl ' This tree is planted on the slope which descends from the house to the . ma -n road. It 5s of interest to recall the f,ct that the Chateau Eleonore was th« 'f[-ni winter residence.built.at Cannes, which, it may indeed be said was l.ter- 'ol'v "discovered"-by Chancellor Brou. Vri-m xmcle of the presentowner.whUe in'.'the ,bca»tiful ; gaVden...-i)ot iar. fron> this.irisra.ntic .rose..bush,.is still.to be ,een Q wee bencnth the sliadow o wh.cl, 1',e ; rrent 'cha-nceUor used-to sit toward the evening-of-his|-busy'':, rife: Jne TO THE Will UV V,lA»f>-« *.w-.— th»s.-able to loan out a.large share, of the money deposited, .and.so keep It in a.ctlyc-circulation. : TOiu«;the stock of money, which has Itself- enormously- Increased, is ^ multl- plled-.many. times b# the -fa-ct -tliat it Is used over and over again, witbiten or twenty times the frequency that It wns.a. half, century.ago; : •; • This system 1 which has grown, up during the :perlod : in whlcflr business has-so greatly .increased, cha'nges-radH". cally. .the -relations of-ready casln-to -the volume, of;bualncss.•• It was .premonition! of- : tills- change In business customs which led MlU'ln'his "trfnclples - "* ' • .Economy" Voli-II., Book i ',rilhe!proposition respecting the dependence of ^-general' prices- ; upon' 1 /ftp tS^^^T^t^W*- 2 ??^ til IS LO UW "I"*- «-*"^ 1 -» * ware'«hown-by means oC photographic pfttess. The depths, to which-daylight will penctwtc depends, of.course, upon tli,e .transparency of the, water.. The Mediterranean.is.fomous for the clear- ncsB of its depths, and will admit light to i very Rrca.t' depth. U*wMy, the liKht of the sun a.t 150 feet below the wn ter surface is'Wmore powerful ttrai'tteit of the moon, but at 300 feet It^searcely eqwalrto-the glimmer.of. twlHRht-and at^GOO'feet .there'is geu- ' ' '--jal"darkness.. The spot- m suc pldlaly visible near Min- the Iiuliam-'O'cean. at' 150 feet water.. Tlie ^Carrlbbenn.. Sea, WHICH-Is of crystal clearness, 'shows objects at the bottom «t a very great depth. ' "" ^ . ; . ... Disease Ittacks the weak~and deblll- eated. Keep yourself healthy >.nd VtronK by taking Hood'. Sar.aparUla. u^rhVlived;in.H, but the (?ar<]eTis have boon ffreoily extcnde.V and improved now containing.'a-fine, collection oC palms,.icoccs, .shrubs,. nmL.all sorts-of flowers.. Tl* gari>ens. are. : however, s-cci-lly famcns for their tea.roses,ol V-'iich'iso- varieties are prown, nnd are, beyond ail question, tlie finest in Eu- MINISTER 03NBY NEAR DEATH. Be »nd Hl» Wife Are the victim* of » ..-'.- C'olll«lon'on the River. The Oriental Mail brings news that Col, Charles-Denby, the L'nitel States minister V> China, and his wife had a narrow escape from death la.te_last month- while -journeying from Ticn v Tsin.:to Poking in a lousc-boaV Ac- cording'to a letter received in Yoko- hamn on August, 26, Col. and Mrs. Den- bv were being, towed up the river by a steam' launch, when a collision oc- curfed'an'd the h6use-boat\vas capsized. Col iDenby was on' the deck at the time, and with considerable'difficulty he sue-: ceeded in getting lo the. bank of-the 'riy.cr But, Mrs.: Denby-was. less ..for' tuiiatc.- She was.in,the cabin when the boat capsized.'"and. .being unable to get ; 'out before'the-boat turned bottom up, Svas 1 imprisoned ; in' the' cabin. She .was rescued when almost unconscious by cutting n hole through,Jhe : bottom ol'.thc boat. ,,Had:she i-emalned a-pri»- oncr wuch jqngcr, sbe,would.have died, MJ ! sb'«j \\ v ns iV.early suffocated^ .,, ... riOLNTAINS, LAKES and SEASHORES Solid Vestlbnled TralM W<tD Wagner Sleeping Car* Hew York W Boston irom .-^m St, Louifl, Peorla, Indianapolis, Clmto-^M nail, Dayton, ColnmbUB. •'•••« CLEVELAND AND BUFFALO "The Knickerbocker Sppclml.^ »Xhe'- Souttowestern Llm.ted." glz TermlnalB at the Great Lake*. enicaso, Beaton H»rt»r, ToW , Detroit, Sandosky, Clevela««. Tourist Rates In all DirectloM. ^ O. McCormlck, Pas». Traffic Manager. D. B. Martin, GenL Pass and Ticket Agent. Greatest Discovery or tfie Century- NKW B3WXDT Hedlc»ted Air Forth* Cut* OC Cntarrh, A»tk««* nnd all pnlmoDBrr DUMMK It bus no equal n Sick and NerroMfl"" ics>ri-«<»-«<» «* die Bununlly from BixiTc muned dtM- wnr soBer and when Medicated ' :«t*d Air »nd Drn» Co., Blcbmond, Ind., C. B. the Logansport Humane Soc|ei|J (INCORPORATED.) ^*I For the Prevention of Cruelty 1 ' Women Children and Animal* ; E. 8. Rlce-Pre". ^^fSassfrsKK %j£

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