Nebraska Newspapers

    10 TUB OMAHA DAILY BEE : SUNDAY , JUNE 21 , 1891-SIXTEEN PAGES.
iimttMTtr \ Tro PPXTPPTO
MONEY AND IIS GENESIS.
Gold and Silver as Modern Mediums of
Exchange.
A HISTORY OF THE FINANCIAL QUESTION ,
Andrew Ci\rncKlo' 'thoughtful Art- !
ole Upon Itio Kroo null the Ho-
stiloteil Uolimxc of the
\VIilto Metal.
A week ngo Tun HUB reproduced the open
ing chapter of Mr. Andrew Oarnoj'lo's ' re
tnnrkablo pier ; ] ) In the North American Ho-
vlowon "Thn A 1J U of Money. " The second
chapter Is honnvitn given :
I Imvo llnishcd tolling you nbont "money. "
Wo come now to npply the facts to the pres
ent situation , mid huro wo enter nt once upon
the silver question ; nnd I urn sure yon nro nil
attention , for It Is tha 'moil pressing of all
questions now before you. You sco that the
rnco , In Its progress , mis usnd various nnlclcs
as "money , " nnd discarded thorn wiion buttoi
articles wcro found , nnd that It has llnally
reached colnej pieces ofalnablo metal us
tbo most perfect aitlclo. Only two metals
are used among civilt/.cd nations as the
standard mutnl Kold In some countries , sil
ver In otncrs. No country can hnvo two
fitnndards. CtonturlfM u o sllvor was adopted
ns ttio standard In Clllnu , Indlu and .Inpan ,
nnd mororwntlv In Inn Sonrh Atriericjn republics -
publics ; and it .still Is the standard In these
countries. When adopted It was a wise
choice ; sllvi'r had ne.irly ilouulu Its protont
value , nnd win then ste.uly , nnd It answered
nil the needs of n rural people.
Tljo principal nations ot Kuropo nnd our
own country , being further ndvancol nnd
having niui'h greater business t nanctlons ,
found the necessity for using as a standard u
uioro valuable metal than sliver , nnd gold
tvas adopted ; but ns silver was used as
Jioney In n.auy parts of the world ns the
standard , nnd used In these gold-basis
countries for "small change , " It was nd
Visnblo for thcso nations to agree upon the
vnluo In gold which would bo accorded to
silver , and this was llxcd at rtftecn nnd one-
half ounces of silver to ono of gold. I'loaso
note that tills was then us nearly ns possible
the market ynluo of silver as n metal compared
with gold as a metal. Tlio nations did not
attempt to civo to silver any fictitious value ,
but only Its inherent value. And , more than
this , each of these nations agreed , when the
agreement came to nil end , to rcdomn all the
Mlvor coin It had issued In gold nt the value
ilxod. Everything went wi > ll under this ar
rangement for n long time. The more ad
vanced nations were upon a gold basis , the
loss advanced nations upon a silver h.isU , nnd
both were equally well served.
What , then , has raised this silver question
which everybody Is discussing ! Just this
fact : that while the supply , nnd tncrofuro the
value , of gold remained about the .1111110 , grent
deposits of silver wore discovered , wonderful
improvements made In mining machinery ,
nnd still more wonderful in the machinery
for refining silver ore ; ntid as more nnd more
silver was produced nt loss cost , Its value
naturally fell 111010 nnd more ; ono ounce of It ,
worth f 1. % ) In 18J , being worth today only
$1.01. It ban fallen ns low as 1) ) . ! cents. It has
danced up nnd down ; It has lost llxlty of
vnluo. To all countries upon a silver basis
thnro have coma confusion nnd disaster in
consequence. The question In India , with
Its i 5,000,000 people , Is most sorlous ;
and you see how our South Ameri
can republics mo troubled from this
fall In the value of their basis article , by
which all other articles are measured. Even
the European tuitions which nro upon a gold
basis nro troubled by this "silver question , "
for under the agreement to rate tlfteen nnd a
half ounces of silver as worth an ounce of
gold seine of thcso nnt'ons ' have had enor
mous amounts ot silver thrust upon them.
Most of thorn saw what was coming many
years ago , nnd ceased to Increase their silver ;
BO mo disposed of n great deal of what they
hod , and placed themselves otrictly upon the
gold basis ; but there nro still In European
countries eleven hundred millions of dollars
of silver lognl-tomler coins , not counting the
nmount of "token" silver money used for
small change. It Is not safe to say that loss
than twcnty-Ilvo ounces of It would bo found
equal to ono ounce of gold if put In the mnr-
itot , Instead of llltcon-nnd-n-hnlf-ouncn basis
upon which these countries tmvn obtained it.
All European countries have boon , and are
still trying hard to escape from silver. In
1878 these comprising the Latin Union ,
which fixed the price of sUvor , Franco ,
Belgium , Italy , Switzerland and Oroneo ,
11 nallyclotud tl.oir mints to legal-tender silver.
Norway , Sweden and Denmark in ISTiJ and
1875 ran out from under the silver avalanche ,
nnd now sUiml ilrmly upon a gold utisls. Hol
land also. In lb r > , took ita stand practically
upon golj. Austria-Hungary has not coined
silver since 1879 , except a .small amount of
"Lovnnt silver thalers" for n special trade
purpose. Even half-civilized Russia took the
olnrm , and ran ns fast ns she could out of the
silver danger , for in 1870 aho sliut her mints
to the further colnago of the dangerous
metal , except .such small amount us China
wished to take promptly from her. So you
sco that nil these countries that have tried
silver and found out the evils which It pro
duces , nnd Us dangers , have boon , nnd are
now , using every means to rid themselves of
It. ITor thirteen years it has been cast out of
their mints , for during this long porlod no
full legal-tender silver coins have been issued
In Europe. Only our republic , among na
tions , Is boldly plunging deeper and deeper
Into the dangers of silver coinngo. When < , vo
have had the axporionco of older nations as
to Its operation ! ! , wo may , and , 1 think , surely
will , wish , llko them , to ratraoo our stops
when it Is too Into. So , you sco. there is
troubla wherever there Is silver. What to do
with their silver , which has fallen so low in
value , Is n serious problem In nil these coun
tries. It tinngs llko a dark cloud over their
futurd.
So much has silver fnllnn In all parts of tha
world and disturbed everything that several
conferences have hoeu called by thu nations
In recent years , to which the United States
has Bout delegates. The object of these waste
to sco whether the chief commercial nations
could not agree again upon n now gold vnluo
for silver. Hut the conclusion has always
been that It was too dnngorous to attempt to
fix a now vnluo for silver until it could bo
clearly seen what the future was to show
about Its supply and value , for perhaps it
might fall so low that twenty-ilyo or thirty
ounces of It would not bo worth moro than an
ouco of gold ; no ono can toll. As our country
has nlroailv gene so far Into the danger as to
have fIS-.OOO.OOO In depreciated silver , wo
had to confer with our neighbors in misfor
tune , and appear na oroditor * have to appear
nt inuetmgs Held to try to support the bad
business of n failing debtor.
Perhaps you are asking yourselves whv ,
when 1 spoke of all the European countries in
relation to silver , I did not atnto thu amount
of ollvcr held In rcuorvo by our principal rival ,
Cireatltrituln , Listen ouo moment , and the
iwiuloroverthoruplr. Notonodollar. Franca
has no less than six hundred and llfty
millions of dollars In silver In nor bank ;
but every dollar of Britain's reserves uro In
the ono stonily , iinchangoablo basU-nrtlolo
gold , Wise old bird , the dear motherland
sits upon her perch , whittling a way nut of all
danger from this stiver trouble , She has
nuuln London the Uuanclal center of the
world. If anything bo bought or sold In for
eign lands , n draft upon London Is demanded
because ov < > ry nno knows that , oonm what
may , It will bo paid In tbo bust article , which
cannot fall In vnluo gold. No draft upon
Paris or Vienna or New York for wise men.
"Why I Hecmiso tbo nations represented by
thobo cities have become ) Involved In great
posilblo lossus by tluilr bugo piles of silver ,
and may attempt by legislation to make
drafts payable lu that metal , which Iluctu-
Btos so In vnluo.
1 wish the people of the United States
would watch Britain carefully. Stio Is keep
ing her own counsel ; she Is treating the sil
ver-loaded nations with cool politeness In the
coufuronces , which she graciously conde
scends to attend 'only becnuso India , over
which she rules , la unfortunately upon a silver
basis ; If It were not for that she would prob
ably politely decline. When they talk about
lining a gold vnluo ucon silver , she says that
he really does not fcuow what she will decide -
cido upon In the matter. What she U pray
ing for 1 that the United States will continue
to fro deeper and deeper into silver until retreat -
treat la Impossible , and she will keep her old
policy , which has made hur supreme in
ilnanco. Her only possible rival Is not to bo
found In Europe , but hero In tha United
States. What a grand thluir for Urltaln If
our country could bo brought down to a silver
basis forced to relinquish tbo ono standard
which cuu alone clvo a nation front rank in
the financial world I Bllvar for the rcuubllo.
gold for the monarchy ! this Is what Qroat
Britain Is honing may como to pass , and what
every American should resolve never shall.
Governments may pass what hiw.s they plonso
about silver : the world heeds them not.
Every business transaction between nations
continues to bo based on gold exclusively
nothing but gold nnd will so continue.
Britain knows this and nets accordingly.
I think I hear you ask Indignantly : ' 'How '
cnino our country to hnvo IWU.UOO.OOO of silver
dollars In Its vaults , llko Franco , Instead of
having Its reserves In the sura gold , Ilka our
rival , lirlt.iln , when , llko Britain , wo have
gold ns our basis. " That is n quoitlon
every toiler nnd every farmorshould ask , nnd
demand m , answer to , from his represent : )
live In congress. The reason is easily glvon.
Hero Is the history. Silver , ns wo have seen ,
had fallen In value , nnd was likely to fnl
still more. European nations were loaded
down with many hundreds of millions of dollars
lars , and all anxious to uotrldoflt ; owners
of silver nnd of silver minus were alarmed :
what was to bo dona to prop the falling
tnelnll Evidently th govrnmOnt was the
nnlv power which could undertake the task ;
and towards that end all the Inlluunco and
resources of the silver power were bent
nlasl with eminent success ; for the masses
of the people wcro represented ns In favor of
silver. If true , they were going with the
Rbcculators against their own Intoro-its , In
the most dlri-ct wav possible.
The llr-it net xvllieh ulmed to glvo by legis
lation n value to silver wm passed In 1S73.
It required our government to buy nt least
two million nuncci of silver every month ,
whllu nil ether irovcrmncnts had stopped
coining It , bccuusu It had bccomo danger
ously erratic In value. 'I ho silver men In-
shted that thcso purchases would ralso its
vnluo ; but vtoro thev right ) No. It did not
ndvanco In prlco. What was to bo done
then "Ah ! " said those silver-tongued spec
ulator * , "tho trouble Is , the governmi'itt has
not gene far enough ; only increase the
amount : let the government buy four nnd n
half million ounces per month , nnd this wilt
tnko all tbnt the country's mines yield , nnd
more too , nnd so silver must ndvanco In
value. " They wcro right in stating that
four nnd n half millions per month nro moro
than thu total yield of the United States sil
ver mines ; and then eight to ton millions of
silver nro taken and used every year for
other than Into " "
purposes coining "monoy ,
leaving not more than , snv , four millions par
month for coinage. Many people wcro por-
fauaded that If the government bought so
much silver per month the vnluo of silver
must advance. The priej did advance , bo-
c.iuso many ot these mistaken people bought
it upon speculation beloro tno bill passed.
Silver rose from 'JO to lll ! almost to its old
rate in gold.
But what has been the result since the
passage of the now bill ? The answer Is
found In the quotation for silver todny. It
is back from 1-t to 07 , and hero wo nro again.
So , Instead of being free from the silver
trouble , ns Urltaln Is and wo should
hnvo bcon , these men have succeeded
In unloading upon the covernment
already t'J,000,000 ' ( of their silver , and we
are getting almost us badly off as Francobut ;
with this difference ; Franco nnd other na
tions prudently stopped adding to their bur
dens of silver thirteen yenra ago , while our
government Is adding to its store 4,500,00' ' ) of
ounces of sliver every month , costing a little
moro than that amount of dollars. Tbo
Unitcd.Statos Is trying to ignore the changed
position of the silver , and to make It equal to
gold , against the judgment of all other llrst-
class nations. To succeed , wo shall hnvo to
buy not only what our own mines produce ,
but a great deal of what other mines pro
duce throughout the world , the total yield of
silver bolng enough to make 103,000,00 ! ) of
our dollars ovcry year ; nnd then wo must , In
audition , bo prepared to buy the $1,100,000,000
worth with which European governments
nro now loaded down , nnd which they are so
anxious to sell.
So tar from the government purchases of
silver having raised Its valuo. the govern
ment could not today soil the three hundred
and thirteen millions of dollars' worth In Its
vaults without losing some millions upon the
prlco It has paid the silver-owners for it. You
will scarcely believe that the accounts of the
treasury state that the government has made
so far , sixty-sovon millions of profit upon Its
silver purchases. This is claimed because
for the amount of silver put In a dollar it has
paid only about eighty cents. All this "pro-
tit" is fictitious. You see , the nation has
bcon led into foolish purchases ot silver.
I our and a half millions of your earnings are
taken through taxes every montn , not for the
constitutional purposes of government , but
in an effort to bolster n metal by paying
prices for it far higher than it otherwise
would command. Your government Is being
used ns a tool to ourleh thu owners of silver
and silver mines. This Is bad Indeed , nut
hardly worth mentioning compared with the
danger of panic and disaster It brings with it
through the probable banishment of the
steady gold basis nnd the introduction of the
unsteady basis of silver.
Thi ! republic had the disgrace of slavery ,
and abolished it. Until this year It was dis
graced in the eyes of the world because It had
no law which secured to others than its own
citizens the right to their literary product
ions. That disgrace has passed away nlso ;
tjut there has como upon it the disgrace of
"debased coinage. " The great republic
issues dishonest com , nnd it Is the
only nation In the world which does so , ex
cept Mexico , which still coins a little silver.
But while the disgrace Is upon us , the finan
cial ovlls of "debased" colnago nro yet to
come ; for although the government Issued
debased uln , It agrees to receive it as worth
n dollar In payment of duties and taxes , nnd
make ! : it legal tondcr , and so It passes from
liand to hand for the present as worth a del
lar. In this way the government has been
nblo so far to prevent Its depreciation. How
.ong It can continue issuing four and one-
half millions moro of thoaO notes or coins
every month nnd keep them equal to gold
nobody can toll. But ono thing Is clear ; ulti
mately the load must bccomo too heavy , nnd ,
unless sliver rises In value or enough Is put
into the. dollu'rs to represent their vnlua in
gold , or the purchase of sllvor by the govern
ment Is stopped , wo must sooner or later fall
Irom thu gold basis to the condition , of the
Argentine and South American republics.
This is how these silver dollars will net
which have not metal enough to sell for dollars
lars when the world begins to lese confidence
u the ubllltr of the government Issuing
them to pay gblu for thorn when asked. Sup-
[ > ese a number of you had decided to carry u
lugo log from the woods , nnd you nil got
under , nnd , bonding your necks , took Its
wolpnt upon your shoulders , nnd then seine
doubted whether you really could stagger on
under the load ; and suppose two or three of
you , after casting timid glances at each
ether , concluded you had bettor got Irom
iiuler ; what would bo the result I Tno lack
of confidence would probably result In hill-
tig these who were foolish enough to remain ,
t is just so with this delicate question of the
noasuros of values. A few speculators or
'gold-bugs" will resolve that , coma what
nay , thov will make themselves safe and get
from under.
Even In the mind of the most reckless
.bora will bo some doubt whether the United
States nlono can tauo the load of the world
upon its shoulders and carry It , when all
.ho ether nations together nro afraid to try
t , nnd when no nation in the history of tha
world .has over succouded In giving
H-'niuiuont value , ns u standard for money ,
o a inotal that did not In itself
[ wsscss that valuo. Marie this , that our
government has only succeeded so far In
doing this with Its silver dollars because It
ins Issued only u limited quantity , and hai
30on able to redeem thorn in gold just as
you could tnko n pleco of paper and wrlto on
t , "This U good for ono dollar , nnd I promlso
: o pay It. " That would bo your "fiat" money ,
1'he question is , How long could you got
people to take thuso slips for dollars ! How
soon would somq suspicious man suggest that
you were issuing'too innnyt And then these
slips would losu reputation ; people would be
gin to doubt whether you Ooulu" really pay
ill the dollars promised If called upon , ami
from that moment you could issue no moro.
Just so with governments. All can keep
their sina'.l change afloat , although it may
lot contain motnl equal to Its face value , nnd
t Is a poor government which cannot go n
Ittlo further nnd get the world to take some-
.hlng from It In the shnpo of "monoy" which
, s only partially ao. But then , remember ,
any government will soon exhaust Its credit
f It continues to Issue ns "money" anything
nit what has intrinsic value as metal all
tto world ovor. Every nation has had
eventually to recoln Its "debased" cola or re
pudiate Its obligations , and go through the
perils and disgrace of loss ot credit nnd posl-
lon. In many Instances the "debased" coin
lover was redeemed , the poor people who
held it bolng compelled to stand the loss ,
There Is , however , ono valuable font uro of
, ho present sllvor law which , If not changed ,
uny stop the issue of many moro "debased *
silver dollars. It requires that 3,000,000 of
the 1,500,000 ounces of silver purchased each
iionta shall ba coined Into money for ono
year , After that , only such amounts uro to
jo coltiu < l u * are fnnuit uocosaarv to roiauia
I the silver notes Issued. As poopto prefer
I the notes to the sllvor , little or no coinage of
silver dollars may bo nooessn ry , and only
sliver notcj will bo issued. When the gov-
j eminent censes to coin sllvor dollars , It wil
stand forth In Its trao character before the
people that of a huge speculator In sllvor ,
or , rather , as the tool of sllvor speculators ,
1 tilling ui | in Its vaults every month 4G < XOUi )
t ounces , not In the form uf ' 'money , " but li
bars. Surely this cannot fall to awaken the
i people to the trua state of affairs , nnd cause
thoui to demand that the reckless specula
tlon shall coa.se.
It is In ovcry respect much
"
loss dnngorous , however , to"
keep thu sliver purchased In bullion than to
coin It In "debased dollars , " because It ren
ders It easier nt some future day to begin the
coinage of honest silver dollars that la , coins
containing the amount of sliver inotal that
commands n dollar as motnl ; Instead of i)71 )
grains of silver , 450 , or HX ) , or more or loss ,
should bit used. This Is justnbouttho amount
thu irovcrnmont gets for each dollar. No
possible act of legislation thai I know of
would produce such lasting benefit to the
masses of the people of this country. Hut
bovond material benefit something much
higher Is Involved the honor of the republic.
The stamp of its government should certify
only that which is true.
I do not suppose that there are many men
in th'i United States , except owners of silver ,
who would vote that silver tnko the place of
gold ns the standard of value. If the people
understood that the question was whether
the ono metal or the ether sllvor or gold
should bo elected as the standard , the vote
wouhl bo almost unanimous for gold , Its
superiority Is so manifest. Yet such is surely
the Issue , although the advocates of silver
disclaim anv intention to disturb the gold
standard , saying they only desire to elevate
silver and give it the position which gold
has ns monoy. But you might as
well try to have two horses eonio In
"first" In n race or to have two "Lost" of
anything. You might as well argue for two
national Hags In oao country. Just ns sutely
ns the cltl/cn has to elect the banner under
which he stands or falls , so surely must ho
elect gold or silver for his llnancla'l standard.
The standard article cannot bo made to share
Its throne with anything else , any moro than
the stars and stripes can bo made to sbaro Its
sovereignty with any ether Hag in Its own
country for there is this lawjibout "money : "
ho wojst drives the best from the field. The
reason for this is very clear.
Suppose you get in change a $5 gold piece
and & > In silver , and there Is no doubt whether
an net of congress will really prove effective
in keeping silver equal to gold in value for
ever : ninety-nine people out of n hundred
may think that the law will glvo this perma
nent value to sllvor , which the article itself
does not possess ; but ouo limn in a hundred
may hnvo doubts upon the subject. I think
the moro n man knows about "money , " the
more doubts ho will have ; nnu. although you
may have no doubts , still the fact
that I have doubts , for instance , will
load you to say : "Well , ho may bo
right ; It Is possible ! may bu wrong. 1 guess
1 will five Smith this silver for my groceries
tomorrow , and give the oUt lady this beauti
ful bright golden piece to put by : it needs no
act of congress all the nets of congress in
thu world cannot lessen Its value ; the metal
in it is worth f J anywhere in the worldindo-
pendent of the government stamp ; these live
pieces of sllvor are worth only St.75 as metal.
Ye.sI shall lot Smith have the silver gold is
good enough for mo. "
And you may bo sure Smith unloads the
silver as soon as ho can Upon Jones. And
many people will believe and act so , and the
gold in the country will disappcarfrom busi
ness and silver alone will bo seen and cir
culate ; every man that gets It giving it to
another as soon as ho can , and so keeping it
In active circulation ; and every man that *
gota a bit of gold holding It , and thus keep
ing it out of circulation. So instead of having
moro money , if wo go in for trying by law to
force an artificial value uuon silver in order
to use it as money , wo shall really soon have
less money In circulation. The $700,000,000
of which is . circulation
gold ; ; now in <
culation and whicti is the basis of
everything , will speedily vanish , the vast
structuio of credit built upon it be shaken ,
and the masses of the people compelled to
receive silver dollars worth only 78 cents , in
stead of being , as now , redeemable in gold
nnd always worth 100 cents. For , roir.om-
ber , n I have told you , UJ pur cent of a 11 op
erations conducted by "money'1 depends upon
people having absolute confidence in the
"monoy" being of uneUangeable valuo.
Issue $100 of "debased" coin more than all
men are sure can bo kept of unchangeable
value of gold panic nnd financial revolution
nro upon you. Moro "monoy , " you seo.which
could only bo used in 8 per cent of our small
est financial transactions , can easily bo so is
sued as to overwhelm all the important busi
ness of the country by shaking "confidence , "
upon which UJ per cent i'0 ts. To
bo always free from danger is to is
sue only such "monoy" ns lu itself has all the
value certified by tbo utnmp upon It , So
Jealously does Britain , our only rival , adhere
to this that aho is. .spending two millions of
dollars just now to rccoin gold coins which
have lost n few cents of their value by wear.
Her government stamp must always tell the
trutb. The republic should not bo loss jeal
ous of its honor.
As you have soon , the silver men were dis
appointed nt the failure of congress to ad
vance the value of their silver. Twice the
jo vein men t has bcon induced to do 03 they
as It oil , under assurances that complKnco
would surolv got the1 country out of its dan
gerous position ns the owner of silver ; twice
it has b ocn deceived. You would tliinlt the
silver owners would now admit their error
and help the government to get back to safe
ground with us little loss as possible , Far
from if , lnsto.nl of this they have taken the
[ widest slop of nil , and urged upon congress
what you have ho ml n gre it deal about the
"froo'colnago of silver. " Now , what does
tnatmonn ) It menus that our government
is to bo compelled by law to open Its mints
and take all the silver with which European
; overnmonts are loaded down , and part of nil
the sllvor mined in the world , and give for
every 7b cents worth of it ono of those coins ,
'
which you uro compelled to tako'ns a full dollar
lar for your labor or products. It means
that the Europoa.li merchant will send silver
ever here , got it coined at our mints or got a
silver dollar note for It , nnd then buy a full
dollar's worth of your wheat or corn , or any
thing ho wants for the silver ho could got
only 78 cents lor in Europe' , or anywhere -
where else In the world. Europe Is doing
this every day just now with India , the Ar
gentine Uopubllo nnd ether coun.triis ; upon a
silver basis. The British merchant buys
wheat In India upon the depreciated silver
basis , takes It to Europe and sells it upon the
; old basis. He has thus tn pay so little for
Indian wheat that It has become a dangerous
competitor to our own in Europe , which it
coilii not be except that by the f Il in silver
the Indian farmer gets so little value for his
products.
It Is only n few months slnco the now silver
illl was passed requiring the government to
uore than double its purchases , and already
fSOOJ,000 of silver moro than wo hnvo ex
ported has been sent | nto this country from
ibroad something unknown for fifteen
years , for wo have always exported moro sil-
for than wo have imported. Now wo nro
juylng all our own mines furnish , nnd being
burdened with some from Europe , for wh oh
we should have received gold. In eighteen
days ot the month of April wo have sent
broad f'JX)0,000 ( ) in gold ; so that under our
present silver law yuu see Europe has nl-
ready begun to send us her depredated siU-or
and fee us of our pure gold n perilous ex
change for our country and ono which should
fill onr legislators with .shame. Understand ,
please , that hitherto , under both bills com-
lolling the government to buy silver , bad as
.heso ware , yet thu government has got the
metal at the market prlco , now about 78
: rnts for 1)714 ) grains ; and only this amount
.ho government has put into thu so-called
lollar. Under "froo colnago" all this \vjll
change. The owner of the sllvor will then
got the dollar for 78 cants' worth of sliver.
For pure , cool audacity I submit that this
proposition boats the record : nnd yet when
; ho fanners' alliance shouts for free colnago ,
, hls U oxuotly what It supports-a scheme to
; nko from the people UJ cents on each dollar
and put it Into the pockats of the owners of
silver. Surely you will nil agree that If 78
cents' worth of silver is to bo made a dollar
by the government , then the government , and
not thur sllvor owner , should got the extra 2'J
cents' profit ou each coin , If It succeeds. The
government needs it all ; for , ns 1 told you before
fore , the nllvor bought by the government
only at market value could not ba sold today
without a loss ot millions.
| CONC'IU1 > EU NU.XT WEEK. ]
A Now Move.
Losllo ft Leslie. 10th and Douglas ,
C. J. Frlco , Mlllara Hotel.
W. J. Hughes. .KUI Farnnm. OS I N. 10th.
J. W. Clark , S. 2'Jth & Woolworth avo.
A. Shroter , 15 l Furnaiu.
All thu above named loading druggists
laudlo the famous Excelsior Springs , MU-
ourl. water * uml ntarlan fllni/or Ale.
PORH8HLE MTISTIG HOMES
COP. ofCass nnd 20th Sts. , Bl'k South of Ci'oighton Collcgo.
CLARKE - : - HOUSES ,
Afhe Pour Most Artistic Residences in Omaha.
! agr = . u.gj r ! - = ; ; -rC
" - = - - - ' - ' . . - . 7-.1-i' - '
- = - --'Snr : ? = s lu-.T.- : - .
TIic'Olioiuoi nro entirely out of the dm * known ns upeculitlvo liiillrtlnK * an they nro miliMnnttM In
construction ninl oloxant In tlnlili from ntlc to Ins luiont , both In the evtuilnrnnd Interior. They nru Imlli
of atom ) ho.'i'toforo lined only In Ilia moit oxponslvo prlviito loilduncci , uulntf lir.iyVnrruii"lniri ? . This \n-
rloly of slono has nu ur iioi'ii nied bufnro In noii-oi for Milu In Oninlia ur clscwlit'ir. Tlio luni > ' ( " < nro rlcih
nnd a rlkhm In ntfpu.ir.inci1. with h ly window * , nml the llm t tiiinllty of Kruncli and nrit.inti'n al hovel ptnto
Klm . o.V .MOIOIt IIMS. Tim Intoil > r I'.nlsli li liixurliuli rnd Incl'idos nil 11111 lorn ronvon-
loiuc nnd niuny luviuk'J noror h.iforo furnlHliPd In lion jot built for < ilo. Tin- wood work la nil of s | > ocinl
ilis'Kii ' nnd vrrr nrllill , unit Is of .Mnliocany Cherry , Hlctli , Hod nnd VVhltn Oik unit fyc-inioro. wllli Innl-
wood Moors In liull nnil illnhiK rooms. I null reaprclt thi ! o IIUIKI-S nre ( In slio I Innciord uuo wlthtlm I o t
t.i lo without lotnril | o cost. Tiled bnlli rooms and xc < lllmlc < . rli'Knnl K n nnd I'lcc'tilo tlTluri'.i. hlcli nnd
IlKlit bn einont with coiuTOtu llonr , sponkliM tnltoj nnd t'lc otrlu lu > ) K nrtUtlc ootl iirintoli. Hno < t hnrd
wnro , cxtrn Quality t > lumuli > K I o'ton system of heating , stone wnlkn. stattonnry nnih tubs In laundry.
Decorations to Suit Purchaser. - - * Easy Terms of Payment.-
Plans and riiotocrftph nt the olllco of the owner ann liulldor.
H.T. CLARKE , Rooms 19 and 2O Board of Trade
Associated with The San Francisco Examiner
For the States of Nebraska , Iowa , Kansas and
South Dakota , for the colle'ction of all legiti
mate ! claims before the various Departments - "
: ments of the Government
EDWARD P. ROGGEN , Manager ,
Room 600 , Bee Building , OMAHA , NEB.
Will practice in the SUPREME COURT OF THE
UNITED STATES , the Court of Claims , the several Courts
of the District of Columbia , before Committees of Congress ,
and the EXECUTIVE DEPARTMENTS.
Indian Depreciation Claims.
We Obtain Pensions and Patents.
All Classes of Land Claims.
Mining , Pre-emption and Homestead Cases
Prosoouted before the Gonur.il Lund Ollico , Dop.irtmont of the Interior , nntl
the Supreme Court.
PENSIONSThousands
Thousands yet entitled. Write for information.
HEIRS
Widows , Minor Children , Dependent Mothers , Fathers , nnd
Minor Dependents Brothers nnd Sisters entitled.
INCREASE
Pension laws nro now moro liberal than formerly , find many are
entitled to bettor rates. Apply at once for list of questions to
determine right to higher ratas.
Ail letters will be promptly answered and all
information concerning form of applications for
claims , terms , etc.will be given with as little
delay as , practicable. No letter will be an
swered unless the sender encloses requisite
stamps for reply. No information concerning
any particular claim will be imparted until the
applicant has become a member of The Bee
Claims Bureau association.
Address ail letters relating to claims to
NO GUR.EX ! NO PAY.
Douglas Street , Omaha , Neb.
MmiT yearn' oxnuijonco , A reiiular Brmliiato In modlclno nt diplomat liow. Is llll troitlnu with Ilia ,
iro'ilPsliiuci'Dss , iilfrivrrouii , Chronic nnd 1'rlrntu ll ot > oi A iipini'inimt cum KUiirmitcncl for litlnrrn
ilHTiu > turrhu i. Lost .Manhood. Hi'inlnnl VVfiilinosf. NlK'it ' I < o i' ' , Impulu icjr. Syplilllj. -itrlrturo , nnd nil
Ilienics of Ihu llliMd.Ukliianil Urlnnrjr Oruans. N. II. 1 Kunrnniaa > UJ forum CMIO . 1 umlurinku . . anil full
ocuru. Ciiniulmiliin'Jruo fiook iMvsterlus of I.lfu ) HIU froo. UlUoj Uouri 3 u. m loop. ui. Sunday
Ou in to 13 m S ml tnm ] > for roply.
PORTLAND
iRF - - CLOTH
ol : , 1 | L \4 ? JLS I JL I
1 l-'S'c ' per square foot. By the roll
$1.40 per hundred sq.f.
James Mor ton & Son Co.
1511 Dodge Street , Omaha. Tel.437 ,
I CURE FITS !
When I MX euro I donutniMnninvlirtoitnptuem
for tlmo ut J th n h vo U m return * in , I uotn a
r dlc lcure. I bar * mada ttta dUoue f FITS , KI'I-
LEI'bY or 1'ALUNQ SICKNESS IUe long tuJI
wirrtwt roj remodj to cure tbo wont cue * . Ilcc uw
ctbet b Te filled U no nuon for not now r c ltlng
can. Send at onca for IreatlM and a l n Ilotllo of
my Infallible r raeJT. Giro Kip " anil Po t Omca.
u , u. KOOT. ji. c. . ma reiui tn N. Y.
A woman may seW and a Woman may spin ,
And a Woman may WorK all day ,
IvyTAu4uS / ( < Sf S comes into kr douse
Then vanish all troubles av/ay. /
Heponrtoi we will give the public the benefit of the
WONDERFUL LOCAL ANAESTHETIC for "tho
painless extraction of teeth , WITHOUT EXTRA
CHARGE. A big reduction to those having n num
ber of teeth out preparatory to having now teeth.
A full sot of teeth on A full faot uhase oombin-
An'iKtof'tecth ' , elan- ntion gold philo $ SK.
tie plate $10. A full set of tooth on
. A fuU sot of tuolh , oa
A full sot of teeth on uK
uminum $120. continuous KUIU $50.
Gold , Silver. Alloy , Hone and Other Fillings. Lowest Rates.
O A.B.O VV O J 01VUlLJL'f V 9
312 Paxton Bl'k , 16th and Farnam.
TELEPONE , 1O88. ENTRANCE , SIXTEENTH STREET'
JMEW YORK DEJMTHL PKRLORS
N. E. Cor. 14th and Farnam Sts.
DR. KL. . BR.OWNEX.
Wo are ma king a peed sot of tooth , on 11134T rulibor. nml ( JITAUANTnnn nt foril.OO. Wq
nlsoniiiUo the Mur rN thin oltistlo | ) lutinhluli la the plunsunlust pinto to wear , lieln us thin
as caul Im.iril. nnd WILL NOT UUHAK In the month. , ,
With our NUW 1'KKI'AIIATION tooth uro extracted AHSOLUTEIjY WITHOUT 1'AIN
the u.itiiMit ri'ia.ilii IMK conscloiH.
Open uvciilnjis until 8:33 : ; Sundays 10 u. . in. ton p. in. Itranuli ollloo 2.MII N. St. , SunUi Omnlin
All work warranted as represented.
The Only Big City Show Coming This Yea'r.
RDHM * PQREPKUGH * SHOWS ,
Tlioolilnst , laryost. rlrhost tnuto'J ovh hltlon In the world and only enlimul nomlilimtlim of
MKXAdKUIK. Ml'SKU.M. ClliOlJS. WIM ) WIWl' , TUAINii : ) ANIMALS , Ulinit.M'KI ) MO.NH
AND I''AMUU.S ' NOV'Ui.1 li'IIAl'UKJvrf that will ooinu huro this SO.ISJM , will exhibit afturmuin
Omaha , Neb. , Friday , July
14MAMMOTT.nPAVlI.ibNS , SEATSTFQR 10000
l-'list tlmu 10011 In Amorlon , l/'ol. UOON1S mid SIM CAItKOTT-A. porfoimlnK
Q LIONS an let LOOSE
S HING.
_ _ _ _
Only lu llio Adam I'oicpiUKh fchowd , scon nt ovcry porfurmanco , thu worM'n t-'ruttuuLacrlnlHti , thu
HANLON-VOL " I liKS IN THMR DUATH-LEFYING
LBAP FOB LIFE
f t.ron./nn Imoftud. Dully expenses , Sfi.wu. 1 railway tr.iln
'
" °
*
* - -
three "Sissies tfts BUosf Sfupenta s
Kuir c'llhiMuil mill o\hllilli'd undnr ( mnvu * . Twlrn the liiucst lllppopot.iiniii nil si'li
N'llo. Knoiialipolemical wonilOft to 1111 two Imimmii' munasmlni. _ _ _ _
f \f-\f \ ( 'limn poiformors carefully oulK'd from mury oln-iis , uinphahn.ilru nnd thu
fS \ JL J aiiinsptiionl lOioiUnf tlioold nnd now woilil. _ _ _
Great Kings. ' + r Grand Elevated Stage , ft
rai-lnu. niiiiilns nnd troUln hurt'H W
Mr. n ICnnn/lrnmn ino linpiirli-il ;
Huge Roman Hippouroine $ x : f-l < vety" ' " " "f" " iti"-i
" Kk ) I'lnliiMiiion. dhost DIIIICM ) . MiiHslah Ura/o. t'uslci Hat
"WILD WEST to ! , Iliiiicliu a llorso Tliluf. llolil ury II. 8 Mail. \ ir
ulnla Itoul on llorholiauk , Oapt. A , 11. Iluiardut ai > u
EXHIBITION. family. HharpshootorK.
M liduentod oluphnntH , } , MOaO Htud porforiuliii ; hoiM'H
TRA1NFFI Will ) Mr AS I O i ' uoliuus. llont Ioo4i ) and ruulnj ; , rlilliiu irli'y ! '
Illnllil-U lliuu Ukjfiw mi > nit ! HOII-HUW , olu , porfonnliK tnonUtiy > > > iniilia
A. I'At/ClI I % 7H. iiirHi'.s. poiihi-i , nnd all kinds of anlnialH.
_ . _ _ - . yn.iMn I'-oo ini'ii and hoi o , 7. > tlnirlolH. 10.00 ! ) irooil mnitH , fi liaiiilMof mimic , M
T\T IV i ' ! H limlniini'iilallsu , hi acts In thn clroiH. KvurylliliiK nuvv tiiix MUMUII miC
I \I V J l a ' J after hi'itlim this cical show tlioiu wilt ho no denied to mm uny uUn r
* * ' ' rf , I-IM-WIII-M
| )1K,4lh0 thujo U iiuliiully and iiiitlitnlly notlilnn lutt t *
The Splendid Sun-
l.itlnu line of i/l"ry tiioviiit
Innovation and Ntiifolt of nuv
This is the Only Great Show Coming here this y ar.
w * DIAMOND BRAND
" * r\\ius '
* THC OHIQINAL AND OCNUIMC Tb uulr Mofr.