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rl'CLEARY'S.SPEECHiiS
I II ad '
X
f Complete Answer to Congress
man Towne's Great Speech.
,
rtrf Important Tolnt of Towno Refuted.
IiUtory, Scleoeo anil Common Seilte AH
A TBI! A For Ilonckt Jtfouey Clfnrett fus
Iblo Demonstration That Tliero In Ko
, Connection Drtwecn fillvcr and A Venice
, Prices Why flotnn 1'rleo-. JIato Fallen
Whlln Other Have Itlien An Excollctit
Short ItUtory of Coinage Ileal Interest
. of Worlrfurnien ant Farmers Need of
Good Money Illustrated by n Circus lor
j formanre.
On fob. S Congressman Charles A. Townn of
JKliini'Sotn mado in contjress what Is considered
j)y all as ono of (ho best f rce coinage speeches
CTor made In tho houso. On Feb. Yi Gonercr-.-
nan JamosT SIcClcaryof thonnmostatojnndn
ft reply to the speech of his collongue, which, In
' it turn, Is fxmslderod tqjxj tho brat antl-frco
coinage speech over niado in congress. Doth
of thoso srweches am in great demand nnd oro
being distributed by tho hundred thousand in
;nttny congressional districts. The great length
' or'McCloary's speech ronlu-H It out of tho cjura--Him
for n to reprint It in full. In a fow in
f stances wo havo had to omit whole sections of
' M$ (pooch. His excellent dleonsslon of tho or
-r :
HON. JA5IE3 T. McCLBAItY.
flerieneo of Franco and tho Latin anion with
Iblmntalllsm does not appear horo. But most of
"fill fin Wn 1-nr.l-nt. 4l,nf. wn r-n,lM mnf fl.,.1 onnn
4
- " " " .-- .. ! , VUW1U ..WW A...,, 0,1,11 U
!for his exposure of tho "horriblo crlmo of
af.JSTa" and tbo Erneat Boyd myth Wondvlso all
''"who actually boliovo that silver was tho victim
of n stealthy demonetization net in 18J3 to send
- for his fall Fpcoch. It can bo had froo by np
jplylng to Congressman McCleary.
f Tho following extracts from Mr. IteCleary'a
f jtrcat poooh will cl Vp n fair idea of it. Af tor
complinientlnB moat highly both tho speech
and tho personal qualities of bis frlond and
'collenRuo. and aftor tolling tho story of tho
blind nion of ludostan who wont to "fcoo" tho
elephant, Mr. MoCloary continued as follows:
Jf 1 woro called upon to characterize in n
" sontenco tha speeoh of niy colleague. I should
Bhould
ni i
say mm u moics comprehensive Kraip of tlio
itiuToral topics considered. ItofTeraaKurie (Iclal
. vlewof itiajiy things, but dous not In lento
ji.thorouRli Htudy of any. Wo aro Riven n llttlo
tand bometimns very llttlo) of tho truth on
inmny polntu, but not onouch of tho truth on
.tiny of them to warrant ono In drawing impor-
.wtnnt conclusions. To carry out tho htruro of
,, thu poflt wo aro nrkod to Judgo of the nppear-
Anco of an elephant by itvusplnit its toll, to
u-fororuur conception of a cninul by f.utzluK ita
t JfK and bo on through tho nienuyrrlo. And In
'lieu of further Information on any point we
aro regaled by having a llowerof rhi torio held
bauwithour noso, under tho miothlng lnllueneo
f whoso fragrancu wo teinpornrilv forget that
ivro are long on fancy and short on fuct.
I shall ahow tlat tho Kfsntleman'a fundn-
omental positions nro bsised on half truths.
which every ono knows nrti woro dangerous
And misleading than utter falsehoods.
' bllrar mid Prices.
&" By means of a chart ho c-ndouvorixl to provo
threo things:
, 1. That, lioglnning with 1&73, thern has boen
-on "unexamplnl and ruinous fall" in the
uiIoi-h uf commodities.
til 'J. Ttu(therobnsbecndurlngthosamoyears
-a prnotically parallel fall In tho prlou or silver.
ud that silver Is, therefore, an almost ideal
j-ninoxnro of value.
.: B. That this "fall in prices" hns been tho ro
tlt of tho so called "demonetisation" of sil
ver, and, by Inforenoc, that 'romoiietlzatlon"
of silver would "restoro prices" to their for
tncr lovel or thereabouts.
' The troublo with my colleague Is ono that is
cointnon to the whole tribo of freo silver men.
Tho year 1873 Is to them what tlio year of tun
y'heglra Is to tho Mohammednn It is th point
- of tinio from which overythlng Is reckoned.
-'But no IcgUimato inference can bo drawn in
relation to theso mutters without examining
'also thooure of events before IbTU and mnk
lug a fair comparison of tho two series of foots.
,, The chart to whloh I now Invito tho atten
tion of tho coramitteo Is ono that I drew slneo
tho speech of my collenRUB was delivered. It
.tobows tho coitrseof avemgo prices bv ten vear
periods fmm 1818-7 to 1S&-1M, Inclusive "The
, tablo from whleh it was drawn was prepared
,py Augustus Sauerbeck, ouu of tha authorities
quoted by my friend in another part or hU
-speech. Indeed In tho first rehearsal or thli
speech, ns dsilvereil ly him in Duluth last
, August, and afterward in other plaaua, tbo
. centloman printed this tablo. But by a singu
lar overfcight he did not put It Into chart form.
This was a very unfortunntn omission, for had
' Tny friend appreciated tho rreat importanco of
those tlguros, bad ho gln n them en ugh Htudy
-Jo beoomo Impressed with their real sipnill
Trance and had ho thrn put them Into chart
-Tormand placed tho chart In Juxtuposltlon
.with thn ono considered by us a moment ago,
ha would havo saved himself and bis readers
from grievous error.
-CESZW-
'.- . !
j et :A 'Ct s r ' -mi i a
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ist-X . it
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f"iilj 'SL
' 4 V----4-J &
a. ft x . i& is.
w iv X
M S
!! I 11 I 1 II I 1 II
Mr. Sauerbeck's standard of comparison, or
JOU per cent line ts"tha average pneo in bon
r.2 j.5jenr"!lpal cpmmodltles for tho period
2?. " !rm L-S 'or,' ' year period having
.UCT as its middle point,
i Even the ma. casual examination of the
fchart will reveal three facts which are exceed
tnglylmRortaut in this discussion namely :
A nT0?? J0.tlK PorlnJ exteuUtug from 1818-27
Jto 1S43-&), 23 years, the fall lu avuragu prlocs
was practically tho same M that which hns
taken nlace sinw 1878. And bad tho table ex
tended back ten years further the former fall
Xvould be oj to have been much the greater,
for prices ranged much higher' for some years
before 1818 thaplu that yeur. A glance at the
thart will substantiate this btatement, for the
rtrico lino in 1818 shows that it. marks, not tha
,4K.-ginning of a fall, but ono which had been for
itoine tlmo In progress.
Thus wo see, Mr. Chairman, that our recant
,fall tn prices is by no means "unexampled' In
t-lthor boono or duration. It was greatly ox
,cdcdialx)threpeota by the fall In prices
.near the beginning of tho century, during tho
,6 called "bimetallic" period. And thus dis
appears the chief foundation of my colleaguo's
-entire argument and of the whole free silver
comntum.
t 3. Tbo chart Is equally sovcra on another very
.touching argument of the free bllverites. Slf
fer and Its udvooates aro very sympsthetic,
,Tery anxious to ameliorate tbo sad condition
& V2M!&&
Jlote. Mr. Chalrtnsn. thut riiirlno
h.t MVrr;;; rj;v;1;i" "v - ,:r.'!
Irilxl (rum Ifclil to 18tt5.utH.riul nvirir.wl (lpt
r-w;r'- " vrv "-" ! ' "! i'v
ong pe-
py
fireiueuuous tail anu tauu py a great rue in
ruvAot conin-ovlitUn, too prlco of silver va
led hat sllshtiy. Though slIvorndvoit.Hfre-
' :, . .. . r. ---T- - -- -- --".-- --
gujpoy ivubi ct uu uui:cnulfy in tbo pric
fpr fV? nrvr put It In ronnwttnn wlfh
rtherfml. Thus It is re tsvcrtlwl by
that nurti.g tbu lone lwr, ., wlimi silver
f "v nort W tn the Mints,' it hild ltslf
hl.ior frura other poi.rnO'llUw. Impotent nlllco
to prevent their fall or to promote their rlw.
8. Wonrit. in the thirl place, that tan ra
rent faJl in prtees did Pot Win In 1W0, but In
1W16. When thonfjwlwi aro trying to foist upon
this country t'ie unlimited colnngn of riivcr
as n prnnwn for all our ills, renl and imagin
ary, wck. to rt-tnbllAlt their position by ttutis
tics of overage "prices and by giving tho
prlcw of . ertitln ert comtnoditles ilka wheat
nnd oitton, whv, in the nninn of cnudor, do
th y not go back at leant a few years further
and r.how that. In relation to rome of the most
Important Items quoted, tho fall in prlcf-a bo
twin Ym nnd ldfa double discounted any
IMng in the way of n fall that has tokon placo
slnc li7tl, thut It whs greater In thoso eight
years than In nil th years since? Why, for X
ample, don't they remind tho cotton planter
that tho price of middling cotton foil from
11.(115 n pound in Wl to less than IT cents In
18711 iJo flier nut r-o'spM adequate Information
on vit d iwtntst Or ure they willfully suppress
ing n portion of tlio truth, having a lively ap
preciation of tho fact that this Himplo atato
nicut would bo suGflcient to overturn their en
tire contention?
And imw, Mr. Chairman, having shown by
my colleague's own flguris that thn fall in
prices nliout which ho and other froo sllverltes
say so much Is not tho only ono or even tho
grentono of this century; that It did not be
gin in lh'fl, and hence is not dun to tho causo
to which they ascrilHi U; nnd that "freo sil
ver," having demonstrated In the past its in
competency to affect prices (oven if that had
iK'en shown to bn desirable), cannot reasonably
bu expected to affect them In the future these
things having been proved, Mr. Chairman, our
shin enn fulrlv rest our caso and demand tho
Judgment of nil candid men.
What Caused tho Two Or cat Falls In
Aventgo Prices. i
Taking tho oentury ns tho period for Invcs- '
tlgation, and rovertlng ngftln to my chart !
for tho courso of prices, lot ua try to discover '
tho reapons for thoso mighty changes In tho i
level of prices.
Wo unto first of all that thrrn li.ivn luwti In
this century two periods of very high prices ,
and two twriods of gn-.dunl fall In t- los. Can
hnv nrlnclulo or law ha discovered in ncetird-
I
nneo with which theso changes in price lovels
took placuf If to, it Is very pertinent to this ,
discussion.
Let us sew if tho two periods of high prices I
havo anything in common. Tho llrnt or thesi '
periods extended from 17S0 to 18H, with Its i
uignesi ponu ni ltw, Jt in very Importnut to
remember thnt thi wcro tho years of tbo
JMnpoieonlo wars, which cost Europe so much
in blood and treasuru. It is noteworthy, nhio
that tho second norlod of verv hlc-li nrlrvui mv-i
ers thoyearsof great wars, the Crimean in tho
early flrtles, our own mighty cm Wot In tho
early sixties, followed in the later Rixtles by
tho war between Prucsio mid Austria ami In
1870 by tho Franco-l'russlau war.
Now war Is n groat destroyer of property,
whllo at thn same time it takes from tho pro
ductive Industries vast numbers of their lest
workmen. It Is a tlmo of nbnormol demand
coincident with abnormally restricted supply,
hence, a period marked by greut wars iHIUwnys
a period of abnormally high prices.
What, on thu other hand, Is tho natural nnd
legitimate effect on prices produced by n bang
period of peacof
Kvery person within tha sound rf my volco
bns ns ono of his proper ambltlonR tliu acquire
ment of a competency for his old ago. Now.
Mr. Chairman, what Is the rntion-.l basis o(
suchuhoput In Its ultlmutonnulv- s it h this:
That ench month niid enoh year tin rrMin en
tertaining such n hopo Bhall pruoufu more
than ho consumes. This is tho basis ot lnorgasu
in wealth. venonal nnd national.
Now prlco depends chh fly on two things: 1,
tho relation between demund nud supply, nnd,
V, cost of production. It tberoforo follows that
In a long period of pence, when production
naturally exceeds consumption and when tho
wlf of man Is freo to cxorclxo Its ingenultv In
devising now and liettcr methods of produc
tion, prices naturally fall. Thus It has In-en
through all tho ages, and thus will it over lie.
Followlnc thn Niinaloniiln wnri nt ihn h(..l,i.
plug of tho century, nnd following tlio Franco
I I'r,M,8nn wur of (5"u- eamo long jierlods of
in-ace, nccoiupanieu uy mo usual tail in uvor-
ago prices.
f tieacn conditions nro nnrmnl. lirnn Inol.
aental results should appear, and all of tbum
havo appeared:
1. Thern should bo improvement in tho
standnrd of living. This implies
2. That a given amount of laborshonld bring
larger returns In tho comforts of life, hijiI
U. Thu demand for moro and better tbiugs to
est should idiow ltselr In sustained prices for
tlioif) belter foods whoso produotlon cannot bo
Inert ased Indeltnltoly.
Wlint Hoctbeer's Sumtoiiry Shows.
Pushing Uils Investigation n llttlo further,
lot us find out whnt articles havo been most
affected by thn fall in prices.
The tirle tables of Dr. Adulpli Soctbeer, tbo
great German statistician, nro justly regarded
as high authority, bet us see what they show
When consltleriHl.W bo himself sums them up,
by groups. Tho numbers In the following tablo
nro his index numbers, with 1617-50 prices ua
a base or 100 per cent.
iRivi."jm irai-iftSK
j-rouuciBoi agriculture, etc
Animal and fish products..,,
Southern products, etc
, .l7.7i liu.r7
...1W.I J6U.05
...,121-5 liiMl
...118.KJ 110.01
... 05.-17 bl.65
...12U.17 M.c.is
...100. 10 (11.11
... ' . " ".". , ....,,,,,,
jmnorais ami morula....,...,
Textllo materials
MlbcellaneiiiH
Fourteen British mauufauturcd
nrtlohB 1B0.53 103.23
Dividing tho obovo tablo into two equal
parts, wo observo that tho prices of tho first
tour (which uro chiefly food products) were
marvelously sustained and even advanced,
whllo tho prices of tho second four (In tho pro- I
unction of whleh labor saying machinery nro
largojy used) kbow n marked fall.
Tho Soctbeer tables evidently do not war
rant tho statement so ottdn made, with them
ns alleged authority, that "thero has been n
general fall In prices," if by that expression Is
meant that all nrticles or groups of articles
havo fallen largely and In n racasnro equally.
Prices Not Governed by Volume of Money.
It is accepted lis nxlomatlo by runny, that tie
volume- of money in a country gocrns prloi s
there, and, at first glance, this heoms reason
nblo. But oven n llttlu study of tho eubivct
shows that such a view Is untenable.
in 1SU). when wo had a period of high price
our volume of money In circulation was ...
WO.OOJ. As our jiopulatlon was then MXo.4a!i
wo had only $1.00 per capita. In lb17, when
jirlcos were much lower, wo bad money in cir
culation amounting to $10.60, or moro than
twlco as much proportionally us In lwO.
In lbfi5, when wo had Inflated war prices,
tho volnmoof money lu circulation nmounti''
to tiO.67 per capita, whllo in 1KW. when aver
age prices were much Idwcr, tho money In clr
culatton wart $21.23 per capita.
Tho total volumo or moucv In clreul-tln J
Franco totlay amount3 to IUG.T7, while tl- t
her neighbor. Switzerland, is only fat. . i
capita. Does any ono believe that tho i '
in Franco are four times us hi-h as In t
serlandt Taking gold monev as tho I
or comparison. Franco has i!.iu per cb-
whlla Oreoco has only Zi cents per oapit
Dih-9 any ono believe that prices In Fnm.-e .. .
a hundred times as high ns In Greece? As a
matter or fact, they are almost Identical.
Tooko. in Lis monumental woik on th" "Ills
torof Pricss," truthfully bums the matter u
as follows:
"There Is not, as far as I have born nblo ti
dlscovor, any single commodity In thu wi. i.
range or nrticles ombracvd In tbo must e-.t n
slvu Hat of prices, the variations of whb h im
uot udmlt of King distinctly accounted for I y
circumstance peeuliar to It. Cireum
atances do frequently operate with such furo
as to rcduca prices in tho face of an expand
ing currency nnd to advance prices when the
currency is diminishing. In point of fact. th
expansion is frequently rather an effect than
a cauho of enhanced prices."
Prices That Do Not N'ed "Rtorlnr."
Tho United States Btutlstlual Abstract de
Rcrvedly ranks high a.s un uuthorlty. On nlns
tho latest edition (1SW) nt pago 417. I Had thi
export prlco of iue4 wut quoted at 7 cents l.i
ISi-t, nt U9 cents In 18S2, and C.7 cents in loffi.
Butter in 1872 Is given at 19.4 cunts, lu 1863 at
18.8 cents, and in USSntlOcents. Prices of cgts
for tho Bomo dates are 2Q.U nts In 1672, sat"
cents in 18&2, and SJ.2 cents in IKS. Other great
staples, Hfc corn, jiork. and lard, show tua)
firmness. Tho prices ot tlue urticles don t
w-j-ra to noed any "restoring."
But perhaps the free silver men would like
to apply their "restorer" to tho prlco or re
fluijd susar. which csmt 12.0 cnU a ivutud in
lb72 nnd only 4.0 cent in IStt. Or perhaiui tlu.y
would, llkn to relievo the, poor, suffering oil
magnates, whoso product was quoted at 2J.5
cents gallon In IS72 nnd b.d "rullen" to 6.0
conts In 1602. It may bo that their tender sym
pathies go out to tho manufacturers or bar
iron, whose produut commanded 197.63 a ton
in 1873 and only ttt.QQ in 18P1.
I'urlmim they don't want poor men to be
squandering tholr substance In building homi s,
aud to that end would "restore the prion" of
nails, whose Philadelphia prico fell from tt-48
n keg in 1672 to tl.Od In lbW, and of wiadow
glass, vhlcli fell from 13. 0 u boj( In 1T8 t.
Sl.70 in IS01. And possibly their phllosuiJ''
bouls rebel at tho idea or a poor man bavicg r
'aVQom,Z3!' BSX
af? " " a"fMK-
iiiun. 11 iua fKwir i
Timn. If tlbfl poir fellow in whoso interest t.i
aru wurking U not completely napfur, tb
might restiire the price or his wife's calic
drcs from A cunts a yard in 1398 to, 12 dents, us
It was in IkfB.
And while hsy are in tho reetjrtus business
thoymtct cntpo ta ilia rr-pMtt. , ty ..
nuiiinfopt nror of steel rails, whesn tirodnef be
FM.V'.! ". n.ndo 'ro '. commercial anantitiei
n tun,
wowltl
its i I. "":" "' wjiniiwiirs it unu some ins
tlflenUnii for re 'Wing their freight tnin from
.ua or ono cent ptr tori per mile in 18M (thn
lowest ruto In the world J to 2 cents p.r ton por
KilM'10 'J J?1'1 ra, that prflvalll Jn
Si8. Nor Would these restorers of prices over
look tho sti nrnbont men, who, though they now
hanl wheat by bike nnd cannl from Qilcago to
New ork at n profit tuv 4.14 conts ur bushel,
jvoro In thn habit of receiving 21.47 cefits per
uusuel lu 18ia.
Hero is revealed, Mr. Chairman, iho doln
Btveness oj an nrgumnnt f-jund(sl on "nvor
oges." It falls to dHcrlmlnalo tho individual
facts that go to mnko up tho average,
Tho Increase In Wages.
Thorn Is another scrloui omUsfon In my cbl
leaguo s allegations of fact. Tliero is ono com
modlty which stands out by Itwlf bo pre-oraj
nent that even his disdain of details should not
havo Ignored it, n commodity which is tho
truest and best measure or vnluo over discov
ered, surpassing In this respect wheat or cot
ton, iron or copper, silver or gold, and that H
n gtvon unit or human labor. And my col
leaguo was B-miehow blind to tho Tact, though
It is exhibited in mm at thn tnlla tn .-!.(,.; t,
referred, that tho wages of labor havo lieen on
tho uvorago largely lncreanod in tho last third
of n centtiTy, the InereiiRo from tho old "bi
metallic" wagis of IbCO to thoso of 1K0 being
IS per cent In money nnd 7J isr cont in pur
chasing (tower.
In 18S2 a day's work of skilled labor would
buy moro of uny staple commodity or human
desire, more nnd better food, moro nnd better
clothing, moro nnd bettor transportation, moro
nnd better tils and machinery, in or u and bet
ter heat and light, moro comforts nnd luxuries
of overy kind, moro silver nnd mora gold than
nt nny time before 187U lu tho history of the
world.
Any honest nnd Intelligent man who has tho
time to study in detail any reliable tublo or
prices covering thu last CO years will flud that
tho (irlcos or thoxo things Jit tho production or
Whli h anything like the eamj amount ot labor
mast bo oxpended harahuld their own or havo
increased, whllo things, nnd tueso nru very
numerous, in tho inaklng or which labor sav
ing inventions and machinery havo boon intro
duced have greatly rnllen in price. This no
counts ror tho fnll in "nvcrngo prices," about
which so much hns been said.
Mr. Hopkins Your argument, then. Is thnt
ho things whloh ought to havo been reduced
in prlco slnco 1878 have been reduced, whllo
mo tilings mat ougui w unvo increased In
liriow imvn increased.
t air. McCluary of Minnesota My friend from
lluola hns, with lus usual clcurucss, stated
irasn icrsoiy nnu well.
'ho lav.-or nrlces resnlt from tho rnf1iwl
ost of -traduction. Thorn i-i nt tlm v!ll,t
eviuenco mat tno bo called "Uemonctlwition"
of sliver had anything to do with It. Aud tho
euro iironf Is that the reduction nf nntt. nt irr..
ductlon has been accompanied by an incrosse
in tho wages or the producer.
Tbo Causo and Result of Lower Prices.
Tho great staples or tho world aro cheaper
because it takes less hutntin labor to produce
them. "Every new railroad, and steamliont,
every labor saving mnelitno nnd improved proo
css of manufacture, lnurcusea tho grasp which
labor holds on tho desirable thlngM or tho
world."
And thus wo seo, Mr. Chairman, that tho
great fall In prices of manufactured articles
during tho last third of a century h.is been In
thu mBln perfectly legltimatu nnd that Its ul
timate result will bo most beniflrent. T il:en
In connection with the rlo in wages. It meas
ures man's vastly increased command over tho
rorces or nature.
TheSo wonderful results bare como ns tbo
boneflcmt fruitage of man's inventive genius
in di iMng lnbor saving maehlnery. of tbo
jnartelous new forces which rni are harness
ing for tbo service of tho human inmlly, or the
remarkable Improvomunnt In modern facilities
for transportation nnd of tbo Btoppago of tbo
tremendous an I cruel waste of war.
What will u day's work produref This is tho
true test or progress. As prlee-i decllno com
pared with tho reward or human labor tho
condition or thn people is clevatMl. This is a
proccbs' or nntural law nnd n phaso or evolu
tion. Men btrugglo ag&liibt It only becauso
they do not understand it. Like all move
ments onward, it brings temporary hardship
to individuals hero and there. But for tho vast
mass of humanity it is bringing emancipation
from want and the promUu of thnt golden fu
ture when n minimum of tlmo will bo required
to provldu for tho necessities that aro simply
physical nnd temporal, thus leaving timg und
opportunity for tho cultivation of thoso ele
ments In our nature that aro spiritual und
denial.
pitoncoTioN or ooi.n and btweh in rrnn
Wom.D BINC1I THK UISCOVEIIY OF AMEHICA.
From 14K1 to IKS is from a tablo of averages"
compiled by Dr. Adolph BoetUeVr. For fho
years 13&1 to 18U1 tho production'! thu annual
estimate of thu bureau of tho mint.
, OOLD. ,
Annual nverago
forjierlod.
Tine.
.... 1E0.470
..., iU),mi
.... HTU.H'O
.... HlO.ttlO
SU.VEH.-
Annual nvorago
jor porioii.
ilnnc-s,
Coining
fine.
1,611,050
S,80OltO
10,017,040
O.C2S.025
13.4n7,G
13,6,-0, SIS
12,064.240
11,770.513
10.HiU.KO
10,l!K.US3
11,4.12,540
13,60K,(e
17,140,1113
0.03.1,601
28,201.770
1H.740,022
17,IA6,7M
14.WT7.Wl
lo.nfi.Bin'
25,0'.O,!il3
2:5,483,5')7
0,036,423
W.401,072
40,W1,CH3
a),!ll7.014
78,173 002
02.(03.511
vniue.
$1,054,000
11,740.000
12.052.01)0
12.4J0.liU)
17, 113,000
17.670.000
10.5101,000
15,22il.tO0
14,008,000
14,212,000
14.781,000
17,024.000
22,102,0110
27.133.1100
Ii0.640,000
U7.KK.000
22,470,000
10,144,000
24,703,000
32,4:5,000
1)0,821,000
07,018,003
45,772,000
65,003,000
81.b04.000
litO-lSXI...
1Q21-1IM4...
1M5-K0..,
1M1-1KS)...
1681-lfiOO...
lfOl-1020...
1021-1040...
1611-1800...
lOOl-lflSO .,
10S1-170D...
1701-1720...
irJl-1740...
1741-1700...
17ill-170,..
1781-lbOO...
US01-181U.,.
1811-1S20..,
1821-i.sao...
lSil-1810...
IR11-1HI0.,.
ISM-IKi5,.,
1850-lSfiO...
1801-1805...
16MH870,,,
1B71-1875.I.
.... S17.307
.... 2-.B.D13
.... yo,&n
.... 2Hl,i
... 207,710
.... IH0.005
.... 412, tea
.... 013,42:1
.... 701.211
,. C(iu,G0O
.. Ki.oja
.. 671.503
.. toT.lW
,. 457.U44
.. 062,291
.l,.T0.Ha
,.6 41U.!
..o,jyi,au
,,6,14!l,Sa
..fl.'.'TO.OW
n.fi'Ji.uH
1S70-1S0. 5.&I3.110
1681-1885, 4.701.765
18011 6,153.070
1837 ,..,.5.1I0,SCl
1SM8 5,330.775
1880 6.070,710
lbOO 6,74'.,aj0
181)1..,,., U.S.U1D1
1802 7.102.180
01,S-)l,(O0
l!8.055,0u0
140.020,(00
C3.2T7.2P0
03.123.fU' 124.281.000
lfXJ.h.V.fOO 110,700,400
120.2ia.Cll
155.427,700
IIE1,032,000
177.852.100
lao.o'tt.ocj
137.170.010
15J.I5t.7ft;
HW,II"5,870
100,001,005
103.011,400
2111.647,600
216. 404.COO
18U3 7,tW),212
1804,
.8,705,l)ai
From tho foregoing table It will bo seen that
thu production of silver in tho whole world
novor but twice renched tOO,00O,OUO n year bo
fore 1841 j that by 18130-70 tho nnnnal production
of silver had become almost double thut
amount; that by 1870-80 It h.id passed the $100,
000,000 mark, and that now tho nnnusl produc
tion of silver Is almost Bcven times what It was
halt n century ago. During that time tho pop
ulation or the world has not quite doubled.
That is, sir, whllo the world's population has
Increased nt tho rate or about 2 per cent a
year, tho annual production or sliver has in
creased by 600 per cent. In other Wurds, to uso
ft ravorito method or theirs, tho "per capita"
ot silver has increased enormously, bo wo
would naturally expect tui enormous fall In Its
prlco.
Tim following chart, prepared by my distin
guished friend from North Dakotn Mr. John
bon, exhibits to tho eye tho increase In its
production and tho decrease In Us prico slnco
1873:
ict) nl J I I I I I rTl1"
. '
u V-V5 xif! L Afio
m e -it ii rs. 2 LEU JX iso
rJ ) ii LOlL,- luf
" &Mfr-,iS
i,iS
fi & W -J, . i;
i rlis
Jl
I' -rnrr
1
o 'm fn. 9a
M
fSir-M B
P'-i
-ri - - - "W
Yl is'
W - .t
h)t' i 7 i m t't-if ' jwl t-r
Closing
flor the Next THIETr DAIS I Ofc
my entire stock of CLOTHING
at the Lowest Possible Prices Eegardless
of cost. W. K. HERNCALL,
Prosidont Olcvoland rcvorscd
the usual order of things duriup;
tho closing hour) of tho session of
Congress, rhon it is customary to
bury questionable jobs in appro
priation bills with tho hopo that
thoy will be allowed to become
laws in order to avoid tho in
convenience thut 'might arise from
the volo of un appropriation bill,
by vetoing tho general delicioncy
bill becauso it appropriated moro
Mian n million dollars for tho old
est job of them all, the French
spoliation claims, and another
smaller job in the shape of an ap
propriation of not quite 8175,000
to pay n claim for a battery fur
nished tho goTornmout during the
Into war and for which the gov
ernment holds a receipt in full.
Even tho republican .House ad-
uiuiea mat tno 1'resiuent was
right by voting to sustain the
veto and thou passing tho delicion
cy bill again "without thoso items.
Both of thoso jobs woro put in tho
bill by tho Senate, but, of courso,
the House became partly re
sponsible for them wjieu it failed
to insist upon having them Btruclc
out. In view of tho record of tho
French spoliation claims it sooms
strange- that any Senator or Itop
resentative can bo found willing
to vote for their payment. For
neurly one hundred years thoy
havo been before Congress, and
only twice boforo this has Con
gress passed u bill appropriating
monoy to pay them, and ono bill
was vetoed by President Pierce;
tho other appropriated was smug
gled through in a general deficien
cy bill on March 3. 1991, aud tho
monoy was dovidod up among tho
claimants. During the last term
of tho U. S. Supremo Court, Chiof
Justice Fuller said in an opinion
relating to Congressional appro
priations to pay these claims. "Wo
think that payments thus prescrib
ed to bo made woro purposely
brought within the category of
payments by way of gratuity
payments of graco and not of
rijiht."
TUTTLE & TAS3I
Attorneys - at - Law,
HFMINGF0H0.
NEBRASKA.
THE OMAHA
WORLD -HERALD
Edited by Kx-Concres-'nit
W. J. BRYAN
Ii the greatest newspaper wett
of the Missouri Iiioer.
It advocates FREE SILVER
at tho present ratio of sixteen
. to ono.
Its .aews service is tho bast to
bo obtained.
I Daily, $G00poryoar; 50conta
per month. Weekly, 51.00 par
year.
J Subscriptions for the
j WORLD-HERALD
! received at this office
hJM
" rLic;ntt4td,iiiJUP4t-J
1 1 't MecraATC. S.
-. U. a. PtnTOmct
- i.i lt.siimc thaatnokcj
i . it
cd.
Kl!
C-jfbiOW&QO.!
w.a
Out
of
ALL GOOD REPUBLICANS
should niako a point of attending
the National Convention, to bo
held at St. Louis, Tuesday, June
lGth.
Tho oxponso is not great if
you take tho Burlington.
On tho 13th., f-lth. and ISth of
Juno, you can purchase a round
trip ticket to St. Louis at THE
ONE WAY BATE.
1 hulk, isn't it worth
few
dollars a fow days time to seo
tho next President nominated?
Full information on application
to any agent of the B. & M. B. K.
B. or by addressing J. Francis,
Goii'l. Pass'r. Agent, Burlington
Route, Omaha, Nob.
estraT
Strayed from my place six miles
northeast of Hcmiugford, the last
of March, ono iron grey bald-faced
mare, weight about 1100. A lib
eral reward will bo paid for recov
ery of same. A. Feldek.
Having purchased of J. M.
Trout his Shire stallion, "SAXON
KING" and his French coach
stallion, QUINAULT, I will stand
them during tho season at my
farm, six miles west and two north
of Homingford. Terms, $5 to in
sure. These stallions are too well
known to need further description.
A. S. Enyeart.
U. 8. Land Ottico, Alliance, Neb., May 13, 1KH).
Complaint baring been enbved at this ollico
by lulward T.'UrPRR acainst Karel Klos. for
abandoning his homostead entry No. 247.1. dated
Juno IK. lhsa, mon the N E U eo 4, tp 2S n, rir -51
w, 5,n llox Iiutte county, Nebraska, with a
tIqw to tho cancellation ot said entry; the said
parties are bcroby summoned to appear at this
olbce on the 2nd day of Juno ls, at 10 o'clock
a. m., to respond anil furnish testimony con-
u m
tied abandonment.
I'ontnstant will iirociiro imi.llcatlnn of tht
notico to be muiln in mni tVwr,fncV ni,ii.i .1.7
thirty days prior to dat of bearluir."
J. W. WKUK, Ju, Itcsiatcr.
NOTICE TO TAX PAYERS
The county board of commis
sioners of Box Butte county will
meet as a Board of Equalization
on June 9th 1896 at the clerk's
office in the court houso in Hem
ingford, Nebraska, for tho pur
pose of equalizing the assessment
of taxes for 1890 as required by
law, tho session to hold not less
than three, nor more than thirty
clays. Complaints concerning
said assessment will be heai'd at
at this session.
By order of tho County Board.
F. M. Phelps,
County Clorlr.
L. W. BOWriAN .
Physician and Surgeon,
ALLIANCE, NEB.
Office rooms and residence in
Braver block, up stairs.
Special attention fiivfin to die
oases of children .
Hew Spring and
Summer Millinery.
Hats of various kinds, Tim
mings of lacea, Ribbons, Flow
' era, etc., of latest style, and
prices to suit the times.
Thanking you for past favors,
will try to merit a continuance
ot same. Misa Jj. Adaiist
F. E. HOLSTEH,
Watchmaker
-AND-
Jeweler,
ALLIANCE, NEU.
(B. & M. "Watch Examiner.)
Charges reasonable; satisfaction
guaranteed. Ordcr& left at the
Herald otBce will recoiye prompt
attention.
Sale
SpfjBIMSJeJtJijibiitf5jSb,BjbJf
Clothing !
Final Proof Notice 1
How. J. W. Whin, Jb., Kegisur.
Hox. F. M. BitooME. Recelrer.
ra'rties having notices in this colum. art re-j
Y i is v" '-u "' Mm careiuuy ana report t;
this office for correction anv nrror. ti,l3ri
exist. This will
prevent possible delay 1
maicing proof,
Uxft-J"au.'1 9ff'c?' All-ftuco, T?ob Jnnn.1, 189C.
riTiip5 'J i-hc.reJ,j; ft WI1MAU L.
riVAVii'oP"lr.fi0lil0WB' " "oticsof
intention to make final proof before Ii. A. Dor
ringtfln. U. H. 15. C. Oom'r at his oftlce in Chal
ron, Nob., on the 11th day of July. 1896, on tinW
n.?aniefe,0teeCti0aN0'1U' ,n
ho nnniPti nn wttfincBAoi T.A.i it.. 11 . .
I fJUlluirlw W. Mtnard, TlitSa. C llhyan. oF
..vmiudiiini, eu., inarics w. JJorean. of
Hough, Nub. J. W. Wanw, Jb Uej&tor.
U. S.Land Offlco, Alliance, Neb., May 21, lfiOO.
wNncols hereby Bivcn that MATIIIA8 Uoit
s.,V . fV ! "r.mn Wyo. has filed noUia of
;.:i " """ "" i,ou'i on jnno--j, xavs, on
, timber oultiirb application No. 590, ror tho8W
Pt. mai aa "n??- John nsrnstead,
Modin, I'eter Soderbcrc, of Bnnlap, Neb.
J W Wieun, Jn Iteglster,
J'?J OUIce atAlllanco.Nob., May 30, lUM.
notice is hereby given thut tho followinr- "
named settler Jms filed notlco or his intention t
maketlnal proor in snpport of his claim anil
that said proof will bo made before K..8. Ilioke r.
JOU"'? Judge, at Chadron, Neb on July II,
STEPHEN A. QILLETT,
or Esther, Neb., who made II. E. No. 4337, ror
thoS Vi 8 W W 4 W H 8 E m so al. tp 3S "r
He names the following witnesses to prove h is
continuous rosidence npon and cultivation of
wild land, viz: Albion 11. Kicker. James B.
liimo. Commodore Willis, Kobcrt rlommg, a U
of liBthor. Neb. Also
HENUY L. FIBHER,
of Esther. Neb., who madoH. E. No. 8475 for k,
howliatrHoHtv?JauX neJi sec. f
IS, tp A) n, rg 48 w. ,
Ho names the following wltnessw io prove "
his continuims residenco upon and. cultivation
of Bald land.vtr: CharlfsA. Nichols, Isalsh
Hallstead, Ooorgo Wolpor, of Esther, Nb..
Alonzo M. Clark, of Chadron, Neb.
J. W. Wotji.in.. llcilst-ir.
Land Ollico at Alliance, Neb., May SO, Ia8.
Notlco is hereby given that the following -named
settler has filed notlco of his Intentla
tp make hnal proof in anpport pf his claim, aa
uiBk Mm prooi win imi mauo Detore ileelswr
llocelver at Allianco, Neb,, on June 30, lb96, vis
MAHTIN
MACPHEE,
.f Maryland , Nob., who made H. E. No. HU fe r
the NE h st. W. tp 29 n, r Si w.
lie names tlio following witnesses to prove
his continuous residence npoii and cultivation
ot said land, viz: John Sullenberger, Edward
T. Oregg.WUliain P. lltirton.of Marsland.Nsb.,
Morrison llowchnrd, of Ilolmont, Neb. Also,
Notice is hereby given that
LUrilEll L. MAIFIELD,
I -,-.,. ... .... .. .....
"Ll?55i .ot.., iias incii nonce or imno
" Kennai prooi oeioro itegisier or Iteceivsr
. - -. , -. , -
lie names as witnesses: QeoJge W. Sparks,
James Pinkerton, jr., Wm. Michaelsr W. T,
Walker, all ol Ilomlngrord. Nob.
J. W. Wmn, Jit., llegistsr.
TJ. 8. Land OITioo, Allianco, Neb.. May 0, 16SI.
Notice is hereby given that KNOCK O.IiAft
PEH.or Poura City, Ok'ahouia, has filed no
tice of intention to make final proof before
llegister or lieceiver at his office In Alliance,
Nnb on the 15th day of Juno 1890, on timber
culture, application no. 510, for tho s w J seo SI,
tp29ri. rgWw.
Ho names as witnesses: John W rieree, of
n-mingfotd. -eb., J. C5. Wood, Peter Sprackltia,
or Marsland, 'eb,, John I). Johns, of iirmlnc
ford, Neb. J. W. Wkun, jn., lUglster.
Iiand Ollicn at Allianco, Neb., April 27, 18M.
Notico is hereby given that the followinf
named settler has filed notice or his Intention
to make final proor in snpport of his claim, and
that said proof will be made before llober t
Lucas U. 8.C, (5. Commissioner at Hay Springs '.
on June D, lb'Jt), vij: '
nniQQB H. WniGHT.
of Hay Springs, Neb., who made H, S. No.
2444 for the E H N E H. N W H, N E 4 N II X
U W U soc. 11 tp 2D n rg 47 vr.
He names the following wltnessc to prove
his continuous residence upon and cultivation
of, said Und, viz: William Albrlgh, llans
Kemp, James Clemens, Kills Gamer, all of
Hay Springs, Neb. 1
WILLIAM II. ALBRIGHT,
or Hay Springs, Nob., who made II E No. I7M,
for tho W y, N W J4 i W Yt 8 W M sec. 5, tp W
n, rg 47 w. ,.
Ho names the fo"c7i(n Witnesses to prove
his continuous rrsidenco upon and oultivatloB
of, oaid land, viz: Ilriggs II Wright, Hans
Kemp, James (Mezomens, Ellis Garner, all
of Hay Springs, Neb.
J, W. Winrv, Jr., Register.
NOTICE OK BHEMJFF8 BALE, UNDEB
DISTRESS WARRANT.
State of Nebraska. Rox Butte County, e s:
lty virtue, ot a distress warrant issued by the
Treasurer or llox Butte county, commanding
me the HIirrlfT ot said county to, collect from
Ellen Schlntnpf by distress and tale of goods,
and chattels of the said Ellen Schlumpt witlila
said comity, the gum or Five dollars and Three
ccntB with interest thereon at the rate of ten iwr
(Mat per annum from tho first of February lbtfl;
and also by virtno of a like warrant command
ing mo, the Sheriff of said county, to collect by
dlstioss and sale of tho goods and chattels of
the said Ellen Schlumpt within said county,
the sum of Eighty-seven cents with interest
thereon at tho rate ot ten er -cent per annum
from tho first day ot February 1S06; the said
amounts being personal taxes ot the said Ellen
Bclilumpf. assessed against her ror the years
IS?.' and lftlfi respectively I have levied upon
and caused to bo appraised, the chattels herein
after described, and will sell the same at public
auction to the highest bidder for cash in hand,
to satisfy said taxes and all costs accruing and
tees and penalties allowed by law ror the collec
tion under said distress warrants. The prop,
erty levied upon and to bo sold, is as follows,
to-wjt:
One roan mare, six years old. and mare colt.
One grey mare, eight years old, and sucking
colt.
One dark Iron grey colt with white strip In
forehead, two years old.
One bay borse colt.wlilte star in forehead, oa
year old.
Ona black one-year-old inaro colt with whit
strip in forehead.
Tho sale ot Fold chattels, to satisfy said Uxss,
will 1m had at the front ot Pierce's livery barn,
in the village ot llemlngford, in Box ButU
coonty, Nebraska, on the Twentieth day of June.
A. D. IrtM, nt the hour or three o'clock in the
afternoon of said day, where and whon due at
tendance will bo given by th undersigned.
Dated June 8, 1U.
E. P. SWEENEY,
Sheriff ot said county.
E8TRAV NOTICE.
Taken up by tho undersigned on section ls-21
48, two grey marcs, weight shout 000 to 1 000, ace
about 10 or 12 years, one mare is branded E on
Uf t shooldor; taken up May 16, 18'Jrt. Owner ran
hnv -same by proving property and P)iug
charges. Al. PlbA,
i
t
VM
irj
VSSm
Y
1
J-K&
t viKromci, tVAtMiHQTON, O. c,
..4 WT.1,-v.fcVV-VVWk'VW
CONCLUDED XKXT WKHK.
K
.
ii
V V
M-dLl.
.TtisS