Hemingford herald. (Hemingford, Box Butte County, Neb.) 1895-190?, September 06, 1895, Image 5

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Hi. J it J,
Tho nllegod fact that soventy-fivo
per cent, of tho peoplo of tho world
HBO silver monoy exclusively is no
reason why this country should adopt
tho silvor standard. Tho 400,000,000
Ohincso and 200,000,000 Hindoos nro
sot so far nbovo us in civilization that
wo should imituto them. If numbers
wo to rule, why do not the silvorites
oultivnto pigtails nnd livo on a rico
A curious argument for tho destruc
tion of our presont sound financial
Bystein is tho statement that if all tho
gold money in tho world woro melted
in tho form of a cube, it would bo only
twenty-two foot in diameter. Sup
peso this estimato is correct, what
does it provn? Nothing moro than
that gold represents n great deal of
vnluo in very small compass. Accord
ing to silvorito reasoning tho pro
ducer of pig iron should complain of
tho amill bulk of tho world's stook of
silver as compared with its iron, and
demand tho free coinago of his moro
Abundant metal.
To ropoatod roquosts by tho advo
cates of tho gold standard that tho
free coinago agitators should furnish
Bomo proof of thoir assertion that
thero is not gold enough in tho world
to servo as a standard of value, tho
eilveritos havo givdn no reply. Thoy
havo not proved their claim of a scar
oity of gold, bocaaso thoy do not know
to what oxtenb tho uso of crodit
raonoy is doing away with tho neces
sity of gold coin. Under n propor
banking and system of paper ourrenoy
thero is no doubt but that thero is far
moro gold in tho world than can bo
profitably used as monoy.
Tho protons that this country could
by adopting froo coinago at 10 to 1
forco tho rest of tho world into an in
ternational agreement to coin silver
at that ration, is only a blind for tho
eohomes of the silver standard advo
cates. Tho gradual adoption of all
the progressive and onlightonod Na
tions of tho singlo gold standard was
duo to thoir oonviotion that tho com
mercial veluo of silver conld not bo
maintained at its ooinago ratio to gold.
After doliberatoly abandoning silvor
beoauso of their beliof in tho superior
ity of gold, it is hardly probablo that
tho gold using countries would now
go baok to thoir rojeoted standard.
Silverites persist in thoir nssortion
that our presont standard of valuo is
maintained in tho interest of tho
"creditor olass," which thoy allogo
draws wealth from idlo monoy."
Any freo coinago advocato who
is fortunato enough to havo saved
either fow or many dollars
knows very woll that "idlo monoy"
yields no profits. Tho only pos
Biblo way in whioh monoy or capi
tal can givo any roturn, is through its
use in some form of produotivo em
ployment. Ooin or paper ourrenoy
does not produce intorost of itself, but
must bo used to assist in producing
moro wealth. Sinco whilo thus em
ployed it helps givo work to idle men
and oheapens tho cost of commodities,
it is ovident that its uso is n bonofit to
its possessor. No man is foolish
enough to borrow mbnoy meroly to
keep it idle, and tho claim of tho
cheap monoy ndvooates that "idlo
capital" is robbing tho produoers of
the country, is wholly a delusion.
"Coin" the Dunce.
Put up your silk hat, "Coin;" this
no will fit you hotter.
A Toneka Joke.
Tor-EKA, Kan. , Aug. 5. As tho old
soldiers congregated at the Pension
OfUoo to-day to draw their pensions,
somebody went among them distrib
uting n circular on which appeared
these words:
"Comrades, halt I You are entitled
to gold iu payment of your checks.
Demand it. Do not accept depreciat
ed currency."
Nobody halted. All wont iu nnd
drew their checks, nnd were quito con
tent when tho checks wcro cashed nt
tho banks in monoy which they know
was as good as gold.
Survival ol tho Fittest.
The gold single standard advocates
can rest content. Gold will assuredly
always bo the staudard, until some
thing better in tho commorca of the
world is found. It mutters not about
tho free silver doOge of thopulitioiaus,
or tho cruzo of those who follow them.
Law cannot chango tho result. The
gold standard will win in tho end. If
it does not convinco by tho argument
of facts now presented to tho public
mind, when lree silver coinago is lot
loose, if it should over bo so, it will
settle tho destiny of silver as a sub
sidiary coin or many years.
The peoplo of the United States will
sever submit to tho condition of labor
in Mexico for tho benefit of rich mino
owners, however they may bo induced
at the start by falso leaders to stick
their heads in tho ratter. Ashville
-Kg is.
j mmmpmrnm
THAN IN 1873.
Dr. Hill Kxposos Soma of tho Ab
surd nnd I'nlso Statements of
tho Silver Men.
Dr. W. P. Hill, of St. Louis, has
just written a pamphlet entitlod "Ar
gument Against Freo Silver Coinago
at 1G to 1," whioh has dumbfounded
tho freo silver peoplo. Dr. Hill is tbo
youngest bou of tho lato Britton A.
Hill, ono of tho nblest champions of
flat monoy of tho old Green
back party. Dr. Hill was educated
in tho best universities in Europe. It
has boon boon gonorally supposod
that ho would follow in the footsteps
nf liia fdtlinr nnrt ndvnnntn Hat mntifiv.
Thero is but littlo doubt but that ho
raado a special study of finanoo for
tho pnrposo of scouring nrgumouts
against tho gold standard. Study
ohnnged his opinions, as is apparent
from tho following quotation from
his excellent pamphlot :
But, say tho Bilvor men, prices havo
gono down sinco 1873. This is thoir
great hobby, and thoy dwoll on it.
They sny that n country must have,
high prices to bo prosperous, and thoy
proposo to ro-ostablish high prices by
making CO cents a dollar, so that whon
wo sell something for $1.00 on tho
now basis, though in reality wo will
only got CO conts tho samo ns now,
our feolings will not bo so bady hurt
because tho name will havo beon
I am six feet tall; supposo a now
law should make six inches a foot,
then under tho now measurement I
would bo twolvo foet tall. Would that
actually incroaso my height, or is it
simply tho foot that has beon short
ened? This reminds mo of Mark
Twain's joko about tho Portuguese
monoy, whero tho unit of valuo, tho
rois, is so small that it takes about
10,000 reis to pay for a dinner. But
lotus seo about tho declino of pricos.
Tho silver men assert that pricos
havo gono down, nnd that thoroforo
thoy in tho most simple way provo
that gold has gono up. They con
veniently forgot tho thousand nnd ono
factors that enter into a declino in
pricos. Thoy forget tho laws of sup
ply and demand. That wo cannot ox
poct to .get ns high a price for our cot
ton when wo raise a crop of almost
10,000,000 bales in 1891 as when wo
raised only 2,974,351 bales in 1872, or
for our whoat whon wo raise 400,
207,416 bushels in 1891 ns when wo
raised only 249,997,100 bushols in
Thoy conveniently forgot tho enor
mous deorooao lu tho cost of produc
tion of onr manufactured produots,
duo to tho invention and uso of labor-saving
machinery, tho utilization
of by-products, and tho deereaso in
tho cost of transportation. I havo
lately rsad somo statistios oompilod
by Edward Atkinson, tho statistician,
covering somo 200 articles in common
use, and ho has shown that in ovcry
instanoo whero n declino in prico has
occurred it has beon moro than offset
by a dcoroaso in tho cost of produc
tion. But the silver men oannot even sus
tain their favorito contention, becauso
tho faots aro against them. Tho prices
of all things havo not gono down,
Many things aro higher now than
thoy were before silver was domono
tized. Their favorito cry is about tho
wages of labor; tho contraction of tho
gold standard has caused tho wages of
tho laborer to doohne, and thoy aro
going to raiso his wages by paying
him three fifty-cont dollars a day in
stead of tho threo ono-hundrod-cent
dollars a day ho gets cow. Let us seo
about these wages. Take tho U. S.
census figures of I860, thirteon years
boforo silver was demonetized, nnd
those of 1890, soventcen years after.
This is n fair test. If gold has on
hanood in valuo, it ought to show it
self in that time.
Annual wages paid in tho faotorios
of tho United States:
No. of Em- Total Wages Ave.por
ployes. Puld. Capita.
18G0 1,311,210. ...9 378,878,903 5288
1890 4,711,832.... 2,282,823,205 481
Inoreaso in tho nverago wages per
capita 95 per cent. ; almost double.
Deereaso in tho purchasing power
of gold, ns far as wugos are concerned,
95 per oent. Tho gold dollar only
brought about ono-half tho labor in
1890 that it would in I860. Not only
that, but tho laborer got moro than
twioo us many gold dollars for tho
samo amount of work.becauso tho hours
of labor in many places havo been
shortened from twelve and ten to eight
hours a day.
Now what does tho census say about
farm lands?
Ave. Valuo
Gross Valuo. per Acre.
1853 $ 0,015,000,000 1G.27
1S8J 13,279,000,000 lil.sj
Increaso in the average valuo per
aero of farm lands about 33 per cent.
Take live stook :
Ave. per
GrossValue. Head.
1303 1,C80,0'JO,03D i. .12.21
1890 2,119,00.1,000.., 1103
Increase in the averago value per
head about 20 per cent.
Tako vegetables, butter, cheese,
eggs, poultry, an iucreasa of about 4
per cent, is noticed.
In relation to all theso things tho
gold dollar has gone down in value.
What remains of the contention that
the contraction of gold has caused
prices to deoline?
Somo peoplo talk as if free and un
limited coinago of silver means lree
and unlimited wealth to all ithout
working a liok. The greenbaokers
taught the same false ideas.
rr w&jj & nM ft our towrv '
Ard fcw&? wotdrbU5 wfce.
jkiuitywl Irto br&ntble bw;K
frd 9tfMcM out both. li? yc?
V$tt h j&w hi? y? wert out
, With ah hi? nHW wd rtwii,
Hi jumped iMffc briar hvjK.
fixd 9crtcjcd t)yrii&gaJr.
jS(Z) 1 "r
A Valitnblo Document.
Tho Now York Roform Club has just
issued as No. 17 of its Sound Curronoy
sorios a oaroful compendium of tho
coinago and curronoy legislation of
tho United States from 1702 down to
tho prosont timo. Tho work covers
throo distinot Holds laws relating to
ooinago, Govornmont curronoy, and
bank curronoy respectively and in
this pamphlot of forty-eight pages ia
contninod tho full text of all import
ant Federal legislation upon thoso
Tho wholo is carofully annotated
and provided with n comprehensive
summary of tho coinago provisions
and an indox. Tho rosult is a com
pendium vastly suporior for tho pur
poses which it is dosignod to Borvo to
tho bulky compilations issuod from
tho Govornmont Printing Oflloe, whioh
havo heretofore boon almost tho only
souroo of such information.
This dooumont will ouablo ovory ono
to boo for himself whothor tho asser
tions of tho choap monoy advocator in
regard to ourronoy legislation nro true
or moro inventions. Tho prico of this
number is flvo conts.
Increasing Prices by Hnduclng tho
Tho froo and unlimited coinago of
silver would not seouro for the uso of
tho peoplo nt any timo any addition to
their stook of actual monoy, but would
simply givo thorn less valuable monoy
than thoy havo now. To call a ton
cent pieco a dollar and declare it to bo
tho standard of valuo would add noth
ing whatever to its purchasing power;
it would still rcquiro ton of them to
purohaso what a real dollar will pur
chase) now, and pricos of commodities
oxprossod in dollars would appoar to
havo been increased ton-fold, whon, in
fact, nothing would havo happonod ox
copt tho debasement of tho dollar. An
actual inoreaso in prices resulting
from an inoreaso in tho vcltimo of
sound monoy in oirouiation is quito a
different thing from a nominal in
oreaso of prices resulting from tho uso
of a doprociated currenoy, and no ar
gument upon the subject of prices oan
bo sound that does not rooognizo tho
distinction between thorn. Tho prop
osition of our free ooinago frtonda is
to donblo pricos nominally, but at tho
samo timo to havo thorn paid in monoy
intrinsically worth only ono-half as
muoh as it was boforo tho prices wero
doubled, nnd I confess my inability to
soo how this would help anybody.
Hon. John G. Carlisle.
Juonr Money.
Horo is an amusing account of a
traveler who went mony years ugo to
Mexico, and found tho nativos using a
strange kind of curronoy. Sayaho:
"In ono of tho small towns I bought
somo limes, and gave tho girl $1 in
payment. By way of ohungo sho re
turned mo forty-niuo pieces of soap
tho size of a small biscuit. I looked
nt her in astonishment, and ihe re
turned my look with equal surprise,
when n polico officer, who had wit
nessed tho inoidont, hastened to in
form mo that for small sums .soap was
logal'tonder in many portions of tho
"I oxarainod my chango, and found
that each cake was stumped with tho
namo of tho town and of n manufac
ture authorized by tho Government.
Tho cakes of soap wero worth tlreo
farthings each. Afterward, in my
travel, I frequently received similar
change. Many of tho cukes showed
signs of haviug been in the wushtub,
but that, I discovered, was not at all
uncommon. Providod tho stamp was
not obliterated, tho soap did not luso
any valuo as currency. Occasionally
a man would borrow a enke from a
friend, wash his hands, and return it
with thanks. I mudo uso of my pieces
moro than once iu my bath, and sub
sequently spent thorn." Harper's
Round Tallin.
"Tho crimo of 1873" just about
mined tho country, but isn't it an as
tonishing fact that no ono found it
out until twenty years afterwards?
I &
' ywf)
Tho Journal of Agriculture, a St.
Louis paper whioh is ongagod in do
coiving tho farmors with falso pro
tonses 'as to the allogei bonollts of
freo silver, roplios to tho undoniablo
statomont of tho sound monoy press
that froo coiuago at 1G to 1 would
drivo out our gold : "But if it worn to
drivo out gold it would bo becauso sil
ver woro tho bettor monoy. A good
articlo of fruit or any othor produot
gonorally drives out tho inferior." It
is probablo that tho writer of this
financial gom has novor hoard of tho
Grosham law, or if ho knows anything
about it imagiuos that i can bo ro
noalod bv n freo ooinago Congress.
Although tho oporation of tho natural J
law wuiou govurou mo oircuiawou 01
monoy of diflorent values was ox
plaiued in England throo hundred
years ago by Sir Thomas Grosham,
thoro null exists among tbo advocates
of choap raonoy nostrums a profound
ignornnco of its principles. Briofly
stated, tho Grosham law is tho recog
nition of tho univorsal oxperionco of
mankind that wherever full legal ton
dor coins of tho samo nominal valuo,
but differing commercial value, aro
issuod in any country, tho ohoapor
and poorer monoy will always drivo
out tho better.
Why money should bo an oxcoption
to tho ralo that a good articlo will
drivo out an inferior, is duo entiroly
to tho legal tondor quality which
Governments bestow 'on tbo motals of
which monoy ia mado. If tho Unitoi
States woro to issuologal tondor eaglsa
containing only 200 grains of gold, it
ia certain that tho 232-grain eaglos
would at onoo bo driven out of circu
lation nnd oithor hoardod or molted
down nnd sold as bullion. For nobody
would pay debts or buy goods with
tho moro valuablo coin, whon credit
ors or sellers woro oompollod by law
to nccopt tho inferior. That this
would bo tho rosult will not bo donied
by tho silvoritos, who know that if
they had cheap nnd'doar coins in thoir
pockots, thoy would, if possible, uso
tho oheaper.
Exaotly the samo prinoiplo would
rogulate tho circulation of tho inferior
low-priced silver dollars under froo
coinage, when the Govornmont would
bo undor no obligation, as it ia now,
to maintain our gold nnd silver coins
at a parity. If this country woro to
adopt unlimited freo coiuago, wo should
havo legal tondor gold monoy worth
its faco as bullion, and legal tender
silver worth only half its nominal
coinage valuo. Just as cheap gold
ooins would drivo out thoso of better
quality, bo would tho inforior silvor
dollars forco gold out of circulation.
This is not a matter of theory but of
fact, provod in every country whioh
has tried tho experiment. And until
tho silverites ohango human naturo
so that men will prefer to keep tho
oheaper money and pay debts or buy
goods with tho dearer, it will bo im
possible to provont freo ooinago re
placing our superior gold curronoy
with ono vastly inferior.
Tho Silver Swindle.
If I buy a coat for $10, that means
that tho othor man buys $10 for n
coat. Democrats don' V boliovo tbat
Government ought to interfere to
muko mo buy one coat whon I would
prefer to buy anothor, and uo honest
man believed that I ought to bo niade
to nccopt a coat different from tho ono
I have bought. Will some free silver man
explain how it is any moro honest to
make mo contract for ouo kind of dol
lars whon I would prefer another kind,
or to make me take silvor dollars when
I have contracted for gold ones? If
it is swindling for you to cheat mo at
tho coat end of tho trade, is it uuy
less dishonest for mo to swindle you
nt tho money end of tho transaction?
Hon. John Do Witt Warner.
- Tho silver craze has seen its best
days. Its going out is a? sad and
lonc8omo as Its coming in was gay and
breezy. The return of prosperity
and a magnlfloent crop prospect have
j knocked it ellly.
Ho Shows Tlint. Price or tho St.nlo
Product of Kiuisiifl Aro Higher
Thnu Itpforo tho Crlmo Of
187.'P'lIo OIvpb Somo
Sound Advice.
Tho editor of tho Kansas Slar naked
Mr. Goorgo L. UoutilaM, of Wichita,
Kan., for his opinion of tho agitation
in Kansas for "froo silvor at 10 to 1."
Tho following is a part of Mr. Doug
lass' excellent reply:
Tho argnmout for scaling debts is bo
thin that it should imposo ttpon no
body. It is said that tho monoy prico
of many commodities (but principally
wheat nn cotton) has fallen one-half
in twenty years ; that thereby all debts
havo beon iu effect doubled; and that
to "ovon thina up" nnd "right tho
wrong of 1875" wo must roduoo tho
valuo of tho dollar about fifty per
cent, and thereby onablo oursolvcs to
to pay our debts with one-half tho
amount of corn, labor, wheat or othor
commodity which Is now required.
Tho worthlossnom of this argumont
has beon demonstrated a thntuaml
timof. But if tho argumout has any
forco or 'wo'ght any whore, Kanui is
ono of tho last placos ou earth where
it can bo honestly used. Why? Ha
causo the groat staple product ofKm
sas is corn, not wheat or cotton. Be
causo wo raise, on an average, nearly
flvo times ns much corn as wheat; and
for ilvo years past tho average prico of
corn, in Kausas (which is tho prioo that
interests farmers), has boon moro
than fifty per cent, higuor than it was
in 1872, just prior to tho "crlmo of
'73" whioh thoso agitatoM toll us
ruined tho farmor. The averago prioo
in 1872 was 22 oonts. Iu 18D5 it has
been moro than double that. But, !
with tho prosont groat crop prospect,
a decline must, of oourso, bo- oxpoot
od4 for supply nnd demand rdgnlato
the prico of grain nnd tho ohiuoh bug
has far moro to Bay about it than tho
"gold bug."
rnioiis op Kansas rnoDDcrs.
Excluding 1871 tho "grasshoppor
year" (whon oorn wonttoan abnormal
flguro owing to an abnormal cuuie)
tho prioo of corn, in Kansas, from
1872 to 1877, as shown by n statomont
sent mo by tho Stato Board of Agri
culture, was: In 1872, 22 cts. ; in
1873, 31 cts. ; in 187(5, 23.0) cts. ; in
1870, 23.31 cts. ; in 1877, 19.G2 oH ;
tho nvorago for tho ilvo years bolng
23.89 cents por bushel.
For tho last tlvo years tho avoratro
price per bushel has boon: In 1690,
42.00 cts. ; in 189 , 31.4.8 cts. ; in 1892,
30.35 ots. ; in 1893, 27.50 ots. ; iu
1894, 37.8(1 otB. ; an avorago for tho
flvo yours of 84.45 conts; or fifty per
oont. hlghor than it was twonty years
ago. If rookonod in gold the incroaso
is still greater.
In 1892, 1893 and 1891 tho Kansas
farmer roceivod thirty por oont. moro
for hogs thr.n he got in 1872, 1878 aad
1874 ; nud, if rookonod in gold, near
ly forty por cont. moro. Outs last
yoar ( sold somo myself) .voro far
higher than tho avorago prioo of 1872 ;
nnd tho liko is truo of other groat
produots. Evon whoat has latoly sold
iu KansaB up to within a fow oonts of
tho nvorago Kausas prico of 1871-75.
For sovoral years past whoat has boon
very low. But ovcry man who takes
tho pains to investigate will find that
tho low prico has been mainly duo to
tho enormous increaso iu tho world's
supply, to choupor procossos of har
vesting nnd to reduction in transpor
tation charges from rival wheat coun
tries to common markoti. Mon who
would rather bo tho dupes of some de
signing domagoguo than to investi
gate, will of ooursa continuo to bo
lievo that John Sherman and tho
Bothrchilds did it.
But, in viow of tho faot that' corn,
tho groat Kansas staple, has for years
past rauged fifty per cent, higher than
it did twenty years ago, what miser
able hypocrisy to talk of Kansas being
ruinod by tho "crimo of '73 ;" and tho
necessity of debasing tho dollar on no
count of tho "fall in prices 1"
How does it hurt a Kansas man to
buy plows, reapers, binders, binding
twine, olothos, wiro fencing, nails,
tools and nearly everything else ho
wants at half what ho paid twenty
But, say tho domagogucs, "Givo
us a choaper dollar for tho wheat
raiser to pay his dobts with, bocauso
wheat has gone down 1" By tho same
nrgumeut wo ought to havo a dearer
dollar for the corn raisor to pay his
debts with beciuiso corn has gono up;
and whero would that loavo Kansas?
What sort of a flguro would a Kan
sas Congressman cut, who would go
down to Washington anil howl for
ilfly-ceut dollars on account of the
fall in prices? Some shrewd Yankee
would pull out the report of tho Kan
sas Board of Agriculture nnd provo
that tho very thing Kanias sells most
of is greatly higher than it was iu
1872, whilo nearly everything she
buys is onuuper; nnd tbo (Jon gross
man would become tho laughing stook
of America.
tiuj mairr Tinsa to do.
Away with such stuff and nonsense 1
nnd all tbo twaddle about no money
to do business with? No man who
bus n markotablo commodity to
day has tho slightest trouble to
get monoy for it, and, if wo
haven't anything to oxchango for
money, the mints might run till
doomsday, turning out fifty-cent dol
lars, and wo wouldn't get any. The
great need of the honr is not oheap
dollars but common sense. Let us
eit down, onoo and for all, on the
cranks and demagogues and all thoir
schemes; quit howling; get down to
business, nnd try to earn some of the
good dollars that are in Bight, rather
than spend timo yelling for cheap
dollars that nro not in sight and novor
will be. For, if ovory man in Kansas
wero to shout himsolf hoarse for tho
10 to 1 Eohomc, it would oomo to
nothing no long as sovonty millions of
peoplo outsido of Kaunas rotain their
wits whioh thoy nro doing very per
Histently nt this time. Wo can't hurt
tho country much, but wo can hurt
To Mnko Us All Millionaires.
TI10 Now York Chamber of Com
lncrco has fought tho silvor horosy
ably nnd efficiently siuoo tho battla
began. Its letters from business and
professional mon of both political
partios havo furnished tho most tell
ing Htorattlro of tho campaign. Of
all theso oxoellont paper non-,' per
haps, has summarized moro briefly
nor moro accurately tho efioots of free
coiuago than a lottorwritten by Mr.
Kiohard Doavos, from whioh wo select
tho following:
"Is it not clear that, with uulimitol
froo coinage, it would not tako Ion?
for us to roach National baukruptoy?
Is it not solf-ovldont that in few
short months tho mino and bullion
owners would floo tho country,
to Ilvo in opuleuoi and luxury
abroad, leaving tho working peoplo,
thoir poor dupes, suffering for tho
bare necessities of life? If n dollar
bo only a token, why uso gold or sil
vor? Why not stop coining motal
into monoy, nud havo tho Govornmont
start printing greenbacks, as paper
nionay is so much handler to carry
than gold or silvor? It would bo Jiusb
as easy for tho Govornmont to stamp
tho pieco of papor, 'Ono thousand dol
lars' as 'Ono dollar, and wo would all
bo millionaires in 11 short timo, ospooi
ally tho man with tho 'null.'. Alumi
num, on nocnunt of Its lightness,
would bo a splendid matorlal out of
whioh to msnnfrtoturo tokon dollars
for thoso who liko a uioUUlo curron
oy." Silver Dollar on Storaje.
Tho following from tho Philadel
phia Timos is uxcollont montal food
for our froo nud unlimited coinago
"A count just takon shows that
there nro now stored in tho vaults of
tho Unitod StUoi Mint in this olty
49,900,307 in round numbers, 50,
000,000 of silvor dollars. Thoy aro
paokod away just as thoy woro coined
nnd all efforts to got thorn in circula
tion havo boon futile. Tho people
do not want thom. Thoy nro will
ing to tako tho papor certificates issuod
to represent thum, booiuso thoso aro
interchangeable with greoubaoks nnd
gruonbaoks aro.rodootnablo in gold;
but the silver dollar? thomsulvoi the
Government has to koop, issuing in
their stead what is praotloally a gold
currency of twioo their valuo."
Tho Factors ot Proiporlty.
"Gonfidonoo and crodit aro tho
factors of American prosperity and
progress. With contidohao tho
spindles hum, tho fnrnaoo is in blast,
tho miner is at work, tho farmor hap
py, labor has full employment, capital
is active, and tho wheels of tho freight
car nro perpetually rovolving. With
oonCdonco a business of incalculable
tnagnitudo can got along with scarcely
any curronoy. Without conGdcuco
thoro is not monoy onongu in tho
world to conduct tho business of the
United Statos. Guauncoy M. Dopow.
Our Monetary Ncoils.
"What our pooplo need is good
crodit, good money, good prinoiplos
and sound business sonso. Visionary
sahomes and dobasod monoy novor yet
mado n Nation prosperous. Tho qual
ity of tho monoy usod iu nny country
is far moro important thnn tho quan
tity. Tho laws should bo drawn to
protect tho mon who earn monoy. A
man who works faithfully and lives on
his daily earnings should never bo
sacrificed for tho bonofit of men who
live on what they borrow." Hon. B.
G. Horr.
"Well," eays a Swedo who was
asked how ho stood on tho monoy
question, "von I havo gold I am a gold
bug ; ven I have silver I am a freo sil
ver man, and von I have no monoy at
all I am nPop." Hayes Conter (Nob.)
Didu't Know It Was Loaded,
Springfield, Jane 5tb, 1895.