6001) TIMES COMING.
ELI PERKINS TELLS WHEN THEY
WILL BE RESTORED.
J ffxplnlns the Effrct of TarlS Chnngcg
Upon the Troanurv A rropliot Not
I I "Without Honor In His Own Country
I Bai a Dlf ut Cleveland.
j The wisest men of the republican
I party worked for ' weeks on their St.
i Louis platform. It is a political Gibral-
I I tnr. It Is fortified by right and backed
I tip by experience taught by the disas-
I j trous failures of the democrats. The
I | platform is sound on reciprocity , pro-
I j tective tariff , pensions , money and the
1 8 Monroe doctrine.
1 What will the democrats do ?
Why , they will fight against this plat-
II form , for they will fight against sound
1 money , reciprocity and protective tar-
I iff. The World has commenced its as-
1 sault. It says that Cleveland got $30 , -
1 000,000 more revenue his first year than
i Harrison did during his last year. Of
1 | -course Cleveland did ; but to get this
1 Tevenue , having a tariff 30 per cent
1 lower than Harrison , he had to ship 30
m per cent more goods from Europe than
9 ' Harrison did. "When Cleveland ship-
n ped 30 per cent more goods from Eu-
1 rope , we manufactured 30 per cent less
I goods in America. This kept 30 per
cent of our labor idle , dropped wages
I 30 per cent , and closed down 30 per cent
of our mills , and 30 per cent more of
i S our gold went to Europe to pay for
i 1 goods that went there under Harrison.
" * * " a * * * mtmkmmimwwwi
Ktl U Mtrnw MK mj jfimi mi n T
wfmmmmtmmmtmmmmmmmmmmmmmmmmmmamm
Itrynn Against llcot Sucnr.
In the house of representatives , o ;
Saturday , January 13 , 1894 , Hon. Wtl
Ham J. Bryan , of Nebraska , said :
"There is no reason for a bounty o :
sugar which will not apply to any othe
agricultural product. If the bount ;
paid went to the farmer directly , in
stead of the manufacturer , he has a
much right to ask for a bounty o\
wheat , oats , or cattle , as upon sugai
beets , or cane ; but so much of th
bounty as goes to Nebraska finds it.
way , not to the farmers , but , to twi
factories. If the people of Nebraski
pay their share of federal taxation , tin
government collects for the bount ;
from all the people of Nebraska abou
5150,000 , and pays over to two corpora
: ione ? 76,000. It is thus seen that th (
state of Nebraska pays out twice a :
much as it receives , and that , whih
jverybody pays , only the two factorie :
• eceive. I have yet to learn the dulj
) f a representative if I am under an }
) bligation to plead for two sugar fan
ories because they receive large sum !
md disregard the rights of more thai
i million people because they pay ir
( mall amounts. If I demand bounties
or beet sugar in my state , I cannot op-
for Indus-
> ese bounties and subsidies
ries in other states , and thus , to secun
i special advantage for two factories
n Nebraska , I must subject the people
) f that state to a burdensome tax upor
sveryth'ng.
"I dissent , too , from the positior
aken by some , that we are compelled
jy a moral obligation to allow the
> ounty to remain for the period numec
n the present law. Such a position is
vholly untenable. If the Fifty-firsl
: ongress could pledge the revenues foi
he government for fifteen years , il
iould just as well pledge them for fiftj
> r a hundred years , and surely no one
vill say that one congress can thus
rive a perpetual bounty and impose
tbligations on subsequent legislatures
Che present law provided when the
lounty should terminate , but it could
tot guarantee its continuance until
hat time. If congress cannot properlj
; ive a bounty directly to the sugar in-
lustry , neither can it properly impose
i tax upon sugar for the avowed pur-
Bii I DRIVE HIM OUT.
From1 a dollar country we became ;
70-cent country.
Then why did Harrison's revenue fal
off the last year ?
It was because importers stopped im
porting. They said : "We will wai
for Cleveland's low tariff. " Whe ;
I Cleveland's low tariff came , then ou
! mills began to cut wages and stop
• Steamships were loaded with foreigi
'goods ' , and Cleveland did get a bigge
revenue than Harrison , but it was a
the expense of our home manufacturers
The result was bad times at home am
• $250,000,000 in gold has gone out to pa :
for • this over-importation , while ou :
own labor has been idle. Deniocratii
experience backs up republican theory
' Still the democrats jump up ane
shriek :
"Cleveland with free trade shippec
more goods his first year than Harrisoi
did his last year. "
Of course he did ; and the more
Cleveland bought in Englv-d the poorei
we got at home.
Now , to discern the short-sighted ar
guments which the free-traders are be
ginning to resort to , I will give the
horoscope of the future :
| The last year of Cleveland will be
! just the opposite of the last year oi
I Harrison. A good tariff prevented big
importations then , but Cleveland's low
tariff will cause big importations dur
ing the last , end of his term. Mer
chants will load up with low-priced
j pauper-made English goods.
j And when McKinley comes in. What
j then ?
j Why , for the first six months of Mc-
i Kinley importation will be small. The
merchants will have on hand loads of
English goods. McKinley will not get
the old time revenue. Then the free
traders will jump up and say : "We
told you so ! "
When will the good times commence ?
They will commence when the Mc
Kinley tariff begins to operate. When
, the people begin to use American goods ,
j. j When our mills start up. When our
| workmen all go to work , and the gold
j -which has been going to Europe to pay
, their cheap labor will be kept at home
to pay our labor. Then the good old
times will be back again. When the
people see this prophecy see our gold
staying at home , see the balance of
trade in pur favor , they will hold on
to the pixjtection policy for thirty
years as they did before.
ELI PERKINS.
" * " * , . ,
" ' "
1 "Wiiii •
I
I - * . _
I nam ill i aa u
I
I--- * _ _ w .
pose of protecting .the sugar industr ]
"IT IS AS EASY TO JUSTIFY .
BOUNTY AS A PROTECTIVE TAB
IFF , AND IT IS IMPOSSIBLE T
JUSTIFY EITHER. "
"When I was called upon to choos
between a tax upon sugar which woul
raise the price of it to every consume :
and a bounty reduced gradually ,
chose the latter. I preferred to le
the bounty fall by degrees , and rais
the needed revenue in a way that , in
dead of taxing the poor man as mue
as the rich man on the same number c
pounds of sugar , would make wealt
bear its share of the expenses of gov
ernment. In other words , I woul
rather give free sugar to the peopl
and make up the deficit by an incom
tax. "
The Best National rolicy.
protection , as a broad nationa
policy , is not sound in principle am
wholesome in practice , then it ought t <
be abandoned , provided something bet
Ler is offered in its place. The real in
terest which the people of New Eng
land , as well as the people of othe :
sections , have in this eiuestion is no
narrow or sectional merely , but genera
md national. If any other system wil
setter promote industrial growth , con
? erve national ends , reward individua
effort and . the just aspirations of thi
people , then it should be adopted , ane
idopted at once. In the discussion o
.his question it is assumed , eithei
; hrough ignorance or willful intention
: hat the revenues secured from ou :
ariff are wholly unnecessary , and in-
lulged in largely , if not solely , for the
lurpose of enriching the manufacturer
'orgetting or ignoring the fact that t
jovernment cannot be administered
vithout taxation and income , and thai
t is a part of the citizen's duty to con-
ribute each his share for the suppori
> f the government which gives protec-
ion to his property and person , and
iecurity to his enterprises and invest-
nents. William McKinley.
London Endorses Protection.
Mr. McKinley's protective policy
rill , of course , check the efflux of- gold ,
.s no doubt it will cause a falling off
a the imports of British and European
; oods , and there will , consequently , be
ess g61d required to pay for them.
> he Financial Post , London , June 22 ,
896.
. . , . ,
" ' - m i. i n n i i i i i u w ttl
' VIEWS.
JUSTICE BICELOW'S .
Nevada's Great Jurist Says Free Cola
ace Will Injure Sliver Miners.
Chief Justice R. R. Bigelow of thi
supreme court of Nevada had a lette :
in a recent issue of the Reno ( Ner.
Gazette which states some of the effects
fects of 16 to 1 free coinage very clear
ly. Here is a part of his letter :
It Is not to be denied that the Re
publicans of this state are hard hit bj
the action of the St. Louis conventior
upon the monetary question. The free
coinage of silver is believed to be se
much to the advantage of Nevada as i
silver producer , and we have for sc
many years heard nothing but free
coinage "at 16 to 1" arguments , thai
we have almost come to the conclusion
that no one can think otherwise who Is
not a scoundrel bought with British
gold. But there is another side to the
question that is believed in sincerely
by millions , of as pure patriots as any
who believe in free coinage of silver.
Any man who says that this country
can alone double the value of all the
silver of the world and bring it and
gold to par is either ignorant of the
lessons of the past or he willfully shuts
his eyes to them. If the free silver-
ites carry the election this fall on their
16 to 1 platform , it will not only par
alyze business it will utterly destroy
it. There will be scarcely a bank or
business house in the land that will not
go down before the storm. It will send
gold to almost 100 per cent premium ,
and , as measured with silver , every
thing else will go up in value with
it , but as it will take twice as many
dollars as now to buy the same ar
ticle it will be of no earthly advantage
to any one except to the man who
owes debts that he has not promised
to pay in gold. His silver dollars will
pay such a debt just as during the war
greenbacks would pay one , although
worth but 33 cents on the dollar , but
they will only buy half as much Hour
or clothing or groceries as now.
But if he owes money to banks or
money lenders and who does not ?
tvho have all protected themselves by
gold contracts , he will have to take
Lwo of his silver dollars to buy one in
; old , and at the same time , owing to
he general stagnation in business , they
trill be harder to get hold of than golel
lollars are now. It will be of no ad
vantage to the silver states , because
.heir silver will be just as hard to get
from the ground as now , and a pound
of it will buy no more steel or pow
der or any of the necessaries of life
than now.
But the laboring man will be the
one who will suffer the most. The
Comstock miner will still get 54 per
day , the laborer § 2 and the clerk $60
to $75 per month , but it will bo in sil
ver , and , as it is now in Mexico , it will
only buy for his family or himself one-
half what it will to-day. The same will
be the case with the crippled veterans ,
their widows and orphans , who are
now getting pensions. Its effect will
be to scale their pensions. Its effect
will be to scale their pensions down
one-half.
There is not one of the arguments of
the silverites that cannot be complete
ly and successfully refuted. Free coin
age at 16 to 1 by this country alone
cannot possibly benefit any one , but it
can bring fearful distress upon all.
A Lesson for Farmers ,
0 § &imi $ W js& & * - " " - ? * ) / = jfi "
1S96.
1892.
Bryan for Universal Free-Trade.
"When Michigan iron ore is placed
on the free list , Alabama ore is placed
there also ; when Pennsylvania coal is
placed on the free list , West Virginia
coal is placed there also ; when the
rough lumber of Maine and Wisconsin
is placed upon the free list , the rough
lumber of North Carolina and Georgia
is placed there also. " Hon. Wm. J.
Bryan in Congress.
Bryan on Free flair jMaterinL
"When the tax on raw material is
not fully compensated for in the tax
on the finished product ; in such case
the manufacturer is in a worse condi
tion than he would be with absolute
free trade. " Hon. Wm. J. Bryan in
Congress.
n
I '
*
iMiilMMMaii
* . . - ' ' ' ' '
' "
; i i i
VICTIMS OF CHEAP MONEY.
Macanlaj's Description of Those Win
Suffered by Cllppod Coins.
Free coinage at 16 to 1 is equivalen
to clipping from 45 to 50 cents fron
the present dollar. It would give uj
a debased dollar of varying value. Thi
world has had experience with clippee
coins. . Poorly minted coins during
Queen Elizabeth's time made it easj
to clip them. Coin clipping was car
ried on extensively during the rest oi
the 16th and during all of the
seventeenth century. By 1695 , Macau-
lay tells us , "it could hardly be said
that the country possessed , for prac
tical purposes , any measure of the
value of commodities. "
Speaking of the effects upon the
people at large of this debased coin ol
uncertain value , this great historian
says that "it may well be doubted
whether all the misery which had been
inflicted on the English nation in a
quarter of a century by bad kings , bad
ministers , bad parliaments and bad
judges was equal to the misery caused
in a couple of years by bad crowns and
lad shillnigs. " He describes the work
ings and effects in the following lan
guage :
But when the great instrument of ex-
mange became thoroughly deranged ,
ill trade , all industry , were smitten as
ivith a palsy. The evil was felt daily
md hourly in almost every place and
jy almost every class , in the dairy and
) n the thrashing floor , by the anvil and
jy the loom , on the billows of the
) cean and in the depths of the mine.
Nothing could be purchased without a
iispute. Over every counter there was
vrangling from morning to night. The
vorkman and his employer had a
luarrel as regularly as the Saturday
: ame round. On a fair day or a mar
ket day the clamors , the reproaches ,
he taunts , the curses , were incessant ,
ind it was well if no booth was over
timed and no head broken. No mer-
: hant would contract to deliver goods
vithout making some stipulation about
he quality of the coin in which ho
vas to be paid. Even men of business
vere often bewildered by the confu-
lon into which all pecuniary transac-
ions were thrown. The simple and the
: areless were pillaged without mercy
> y extortioners , whose demands grew
iven more rapidly than the money
shrank. The price of the necessaries
if life , of shoes , of ale , of oatmeal , rose
ast.
The laborer found that the bit of
metal which , when he received it , was
called a shilling would hardly , when
he wanted to purchase a pot of beer era
a loaf of rye bread , go as far as six
pence. Where artisans of more than
usual intelligence were collected in
great numbers , as in the dockyards at
Chatham , they were able to make their
complaints heard and to obtain some
redress. But the ignorant and helpless
peasant was cruelly ground between
one class which would give money only
by tale and another which would take
it only by weight. "Macaulay's His
tory of England. "
Where Onr Trade Interests Are.
In declaring for the free coinage oi
silver independently of all other coun
tries the Chicago convention in effeel
declared for a different and lowei
money standard than that used by the
great commercial nations with which
we trade. Trade and commerce follow
the lines of least monetary resistance ,
and out of total merchandise imports
and exports last year of ? 1,539,50S,13C
only $163,893,827 was from single sil
ver standard countries less than 11 pei
cent.
cent.Even
Even in our South American trade ,
about which so much has been said , out
of a total of $145,693,055 only 6 per cent ,
$8,991,853 , was with silver standard
countries , while 72 per cent , § 105,217 , -
S64 , was with single gold standard
countries , and $31,483,338 was with bi
metallic countries.
Practically speaking , all bimetallic
countries are on a gold basis , their
legal tender silver being exchangeable
for gold , but the bimetallic trade is
small. Let Europe serve as the exam
ple. While much less than half of its
population has the single gold stand
ard , the following table shows our
trade :
Single Gold. Bimetallic.
England . . ? 54G,20S,701 France . . .S106.72D.G43
Germany. . 173,0C7,81S Nether-
Austria . . SC36,091 lands . . . 46,134,353
Portugal. . 4.6S2.0C4 Italy 37.214.SS6
Sweden & Belgium. . . 35,3S4CG5
Norway. 7,183,923 Switzerl'd. 15,006,532
Denmark. . 3,800,153 Spain 14.501,195
Turkey . . . 2,139,435 Greece . . . . 479,745
Roumania. 19,330 All other. 812,310
Total . . .S745.717.520 Total . . . $256,322,741
Russia , single .silver standard , $9,533,244.
To classify by standards , the total
foreign commerce of the United States
will surprise many :
Gold. Bimetallic. Silver.
Europe $745,717,520 1256,322,741 19,533,244
S. America. 105.217.S64 31.4S3.33S S,991S53
N. America $2,630,723 4SS51S24
West Indies 17,541G22 S2SS2,360 584,742
Asia 94,951,421
Africa 9,836.421 1,269,844 950,743
Oceanica . . . 13,634,095 16,926,061
Totals . . . ? S91.947.526 $4S1,515,072 5163.833.S27
Unclassified , $2,151,703.
Our trade and commerce are not only
on "a gold basis , " but are on "a single
gold standard. " To adopt silver mono
metallism , which independent free
coinage would surely produce here as
it has everywhere else , would be tc
permit Europe to fix the price of oui
surplus products on a gold basis , while
it could pay us in our own legal ten
der silver dollars coined freely out ol
53 cents worth of bullion. Is this busi
ness ?
Silver Question Brought Home.
Mr. Retail Salesman ! Your salary is ,
we will say , $15 per week ; you pay $4
for board ; a suit of clothes costs you
$12 ; underwear 50 cents per garment ,
and so on. How would you like it if
you still got the same $15 and had tc
pay nearly $3 for board , nearly $24 for
a suit , nearly $1 per garment for un
derwear , and so on ? That's what free
silver would mean to you , for some
time , at least. Dry Goods Economist ,
. . . . . - . - - . , . - " . * . _ - - S3Haas >
'
MM MMi M ua t i .tii' ii i > * *
C ' Hal iHW * law
3MaawwMMMWMBWgBBaBMgaM
> BMMBMMMWMMMMMl
OFF ITS TROLLEY.
A "KevivaV" In Trade.
The latest record of trade failures in
the United States covers the half year
to July 1 last. Bearing in mind that
the annual report of the chamber of
commerce of New York said that a
"revival of trade continued throughout
the balance of the year" 1895 , after the
floating of the national loan in Feb
ruary ; also bearing in mind the ac
knowledgments of the free-trade daily
and commercial papers that the stag
nation in business during the closing
months of 1895 would give place to a
great "revival" in trade with the dawn
of 1S96 , the statistics of trade failures
for the first half of this year are more
than ordinarily interesting. We give
them , as taken from Bradstreet's , for
each half-year from 1890 to 1S96 , in
clusive :
TRADE FAILURES.
First
half of Number. Liabilities.
1890 5,466 $62S67,9C2
1S91 6,037 92,370,282
1892 5,351 56,535,521
1893 6,239 170,860,222
1894 6,528 S2.555.339
1895 6,597 79,707,861
1396 7,602 105,535,936
A further Interesting comparison can
be made between the years 1890-92 , un
der a republican administration , and
1894-96 , under the present democratic
administration. Thus :
TOTAL TRADE FAILURES.
First half of Number. Liabilities.
1894-95-96 20,727 $267,799,136
1890-91-92 16.S54 211,773,765
Democratic in
crease 3,873 $56,025,371
Under this democratic administra
tion there have been 3,873 more trade
failures , with $56 , 025,371 more of lia
bilities , than occurred during the cor
responding half years of a republic ;
administration. The monthly averag
compare as follows :
MONTHLY AVERAGE TRADE FAI ]
URES.
First half of Number. Liabllitic
1894-95-96 3,454 $44,633,1
1890-91-92 2,809 35,295,6 :
- - , , ,
Democratic
Monthly inc. 645 $9,337,5i
It will be remembered that the pla
form of the Democratic party , in 189
said : "We denounce a policy ( prote
tion ) which fosters no industry <
much as it does that of the sheriff
With the subsequent records of trat
failures before us it is easy to unde :
stand why this democratic denunci ;
tion was omitted in the platform (
1896.
Railroad Wreckers.
The effect of the democratic adminh
tration and its hard times tariff legh
lation is shown in the increase of fore
closures of railroads. These have bee
unexpectedly large since 1893 , but th
record for the first half of 1S96 exceed
that of ' 95. This year there were twee
ty-five lines foreclosed in six month :
representing 3,402 miles of road an
$349,049,000 of bonds and stocks. Dur
ing the first half of 1895 there wer
twenty roads foreclosed , representin
2,936 miles of road and $100,941,000 o
bonds and stocks. This latest demo
cratic addition to adversity shouli
leave no doubt in the minds of an ;
railroad men that a policy of Amer
ican protection means prosperity fo
railroads. Even President Roberts , o
the Pennsylvania road , which has sns
pended many contemplated improve
msnts owing to the hard times , ough
by this time to acknowledge the roe
of the evil that is affecting his com
pany.
Somsd Fciisp on Small Snilc.
The smallest paper in the Unitec
States is the Bernardsville , N. C. Times
published every Monday morning. It :
pages are only six by eight inches , but
rmall as they are , they contain sucl
? ound sense as the following :
Give us sound protection , sounc
Americanism , sound patriotism , ani
ilace sound sense at the helm , and the
'Old United States" will glide merrilj
jn and continue to be the home of fret
men , the refuge of liberty and the
ibiding place of freedom.
Bry.in for Free Iron Ore.
"I believe we can make no perma-
lent progress in the direction of tariff
eform until we free from taxation the
aw materials which lie at the founda-
ion of our industries ; and I believe in
: ree iron ore , whether we leave the
ariff at 35 , 25 , or 5 per cent upon car-
lets. " Hon. Wm. J. Bryan in Congress.
Ilard Tim oh jind Free Silver.
The Clarksville ( Tenn. ) Leaf-Chrcra-
icle has the following :
"There is not a first-class commercial
country on earth now that has free
coinage.
"There Is not a free silver country on
earth that has as much as $5 per cap
ita in circulation all kinds of money.
"There is in circulation in the
United States $24 per capita , or $19.50
more per capita than any free silver
country on earth.
"We have more in circulation to-day j >
than ever before and more per capita
than any free silver country on earth.
"Our dollar will buy more sugar ,
coffee , flour , meal , meat , medicine ,
hardware and clothing than in 1873.
"A barrel of corn , a bushel of wheat
or 100 pounds of tobacco will buy near
ly double as much of the articles that
farmers consume as the same kind of
corn , wheat or tobacco would buy in
1S73.
"The wages of the laboring man will
buy double as much of the necessaries
of life now as in 1873 , and his wages
have not been reduced one-fourth as
much as the purchasing power of his
money has been increased. "
All of the above , propositions we as
sert without the fear of intelligent con
tradiction. Then , if it be a fact that no
free silver country on earth has as
much as $5 per capita ; and if it be a
fact we have about $24 per capita ; and
if It be a fact that we have more sil
ver in circulation per capita than any
free silver country in the world ; and if
it be a fact that the purchasing power
of our dollar is now about double what
it was in 1873 , and that the products of
the farm will purchase more necessa
ries of life than in 1873 , our free sil
ver friends will have to hunt farther
for the hard times complained of. They
can't charge it to a reduced circulation - i
-4
tion , or to higher prices. Galveston -
News.
Tower of u President.
As I said before , without any parti
san feeling whatever , looking at this
as a plain business proposition , I want >
the government , under all conditions
and circumstances , and our president ,
whoever he may be , to have the power
during every moment of this govern
ment's existence to borrow money by
selling bonds whenever for any reason
it occurs that there is no money in the '
treasury. Why deny that power to the
government ? I know the constitution
says congress shall have power to bor
row money , but this does not prevent
congress from conferring power on the
president to sell a 3 per cent five-year
bond to realize money to pay the debts
of the government when for any rea
son the money in the treasury is ex
hausted. This is a wholesome power
to prevent national dishonor and na
tional bankruptcy , and this is the
power for which I contend. Hon.
Stephen B. Elkins , U. S. S. of West
Virginia. j
A 1'oor Argument for Free Silver.
The free coinage agitators ask the
people to vote for the 16 to 1 scheme , on
the ground that the bankers , manu
facturers and merchants are all in fa
vor of a sound currency. "If the bank
ing and business interests are opposed
to free silver , " say the cheap dollar ad
vocates , "the farmers and workers
should support it. There must be j
something good for the poor in this
free coinage scheme just because the
nch people do not want it. "
< M all unreasonable and demagogic J
ilras for 50 cent dollars this is the I
worst. An exactly " similar argument 1
would be a demand on the part of the I
millions who do not own homes or i
buildings of any kind that all houses I
should be burned down because it 1
would hurt property owners. There is 1
co doubt but that every man in America - I
ica who owns a building would say , if 1
isked , that he is opposed to having his
property destroyed. But that would be 1
io reason why the people who have no I
icmes should favor arson. I
The attempt to create a prejudice In I
"avor of debt repudiation because busi- |
less men and bankers believe in hon- 1
sty can never succeed with fair mind- I
Jd , honorable citizens. They will de- I
: ide the silver question on its merits I
md will not be led astray by appeals to 1
me class to vote for cheap a.id trashy VM
noney merely because it is fa-ered by U M
mother class.
I
A Hnndren .Millions Lost. 'fl
The "Tariff for revenue only" of the ( I
Tee-traders brought $102,275,791 less fl
noney into the treasury during the V
irst twenty-two months of its op. ° rafl
ion than the McKinley tariff did dur- |
ng tt3 first twenty-two months. * H