f
S
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K
GRANT AND SILVEH.
HIS SPECIAL MESSAGE FAVOR
ING FREE COINAGE.
We Want All I lip Fllvrr In Circulation
Thut fan U Coined Ordered Ad
ditional Pit tilt lm for Mintage Wa
lguor.iit of irmiiirtziilloM.
There aro still somo men who Insist
(hat tho act demonetizing silver was
not sneaked through CongrcsB In 1873.
Tlmo ami again the sliver advocates
havo given substantial evldcnco to tho
contrary. The late James G. Blaine,
who was sneaker of tho house of rep
lesentatlves In 1873, has been quoted
times without number. Other Illustri
ous statesmen of all parties havo testi
fied, to tho truth of Blalno's statement
that "Not a member of congress knew
at the time that the act of '73 demone
tized silver." Neither did President
Grant, who signed tho bill. Hero Is his
special message to the senate on tho
day ho signed tho resumption bill. No
eano man, after reading it, will dare to
cay that President Grant knew that tho
act of 1873 debarred silver from tho
mints. The message:
To the Senato of tho United States:
Senate bill No. 1044, "to provide for
the resumption of specie payments,"
Is beforo me, and this day receives
my signature of approval. I venture
upon this unusual method of conveying
tho notice of approval to the houso on
which the measure originated because
of Its great Importance to the country
at largo and in order to suggest further
legislation, which seems to mo essen
tial to make tho law effective.
The provisions of the third section of
tho act will prevent combinations be
ing mado to exhaust the treasury of
coin. With such a law it is presumable
that no gold could be called for not
required for legitimate business pur
poses. When large amounts of coin
should be drawn from the treasury,
correspondingly large amounts of cur
rency would bo withdrawn from cir
culation, thUB causing a sufllclcnt strin
gency In currency to stop the outward
flow of coin.
Tho advantages of a currency" of a
fixed, known value would also be
reached. In my opinion, by the enact
ment of such law, business alid Indus
tries would revive, and the beginning
of prosperity on a firm basis would be
reached.
Other means of Increasing revenuo
than those suggested should probably
bo devised, and also other legislation.
In fact, to carry out the first section
of the act, another mint becomes nec
essary. With the present facilities for
coinage, It would take a period prob
ably beyond that fixed by law for final
speclo resumption to coin the silver
necessary to transact tho business of
tho country.
There are now some smelting fur
naces for extracting silver and gold
from the ores brought from the moun
tainous territories, in Chicago, St.
Louis and Omaha three in the former
city and as much of the chango re
quired will be wanted in the Mississippi
valley states, and as the metal to he
coined comes from west of these states,
and as I understand the charge of
transportation of bullion from either
of tho cUlcd named to the mint in
Philadelphia or to Now York city,
amounts to $4 for each $1,000 worth,
with an equal expense for transporta
tion back, It would seem a-falr argu
ment In favor of adopting otro or more
of thoso cities as the place or places
for the establishment of new coining
facilities..
I havo ventured upon this subject
with great diffidence, because It is so
unusual to approve a measure as I
most heartily do this, even if no fur
ther legislation is attainable at this
tlmo and to announce tho fact by message-'.
But I do so because I feel that
It 1b a subject of such vital importance
to the whnln country, that It should re
ceive the attention of and bo discussed
by congress and the people, through
tho press and In every way, to the
ond that the best and most satisfac
tory course may be reached of execut
ing what I deem most beneficial legis
lation on a most vital question to the
Interests and prosperity of the nation.
U. S. GRANT.
Executive Mansion, Jan. 14. 1875.
On motion of Mr. Sherman, tho mes
sage was referred to tho committee on
finance and ordered to be printed
(Seo CongiosDlonal Record, volume 3,
iJart 1, Forty-third congress, second
session,. Dcc 7, 1S75, page 459).
Tho abovo 1b not tho only substantial
evidence that General Grant was Ig
ndrant of tho whole proceeding. Fol
lowing Is one he wrote two years pre
vious to. his Secretary of the Interior.
Believing that silver might still be
taken to (he mints and coined free of
chargo, .ha wrote:
"I wonder that silver Is not alrealy
coming Into tho market to supply the
deficiency In tho circulating medium
Experlcnco haa proved that
It takes about $40,000,000 of fractional
currency to make th6 small change nec
essary for the transaction of the busi
ness of the country. Silver will grad
ually take the place of this currency
and, further, will become the standard
of values, which will be hoarded In a
small way. I estimate that this will
consume from $200,000,000 to $300,000,
000 in time of this species of our cir
culating medium. I confess
to a desire to see limited hoarding of
money. But I want to see a limited
hoarding of something that is a stand
ard of valuo tho world over. Silver is
this.
Our mines aro now produc
ing almost unlimited amount of silver,
and It is becoming a question, "what
ahall wo do with it?" I hero suggest
a solution which will answer for some
years to put It In circulation, keeping
It there until It is fixed, and then wa
will find other markets. (Extract from
a letter written by President Grant to
Mr. Coudry, Oct. 13, 1873, eight monthi
nftcr ho had signed tho bill demone
tizing silver, not knowing what that
measure contained. See page 203, Coor
grcsslonal Record, Dec. 14, 1877).
Can any one doubt the sincerity of
General Grant? If thcro 1b let him vote
for McKlnley and tho gold standard
Dlil Itluiatalltiim Hnrceed?
Now York Journal: A monometallist
contemporary quotes tho Journal's re
mark that bimetallic coinage is not as
untried experiment, but was an ap
proved success through tho greater
part of our national life, and exclaims:
How was It "an approved success?"
Did It ever for one month maintain the
parity of tho metals? Did It over dur
ing tho forty years of Its existence give
us concurrent circulation of gold and
silver? If so, when? Did this magical
ratio over do cither of these things is
any other country? If so, where?
On tho very same page our contem
porary prints a tnblo that ought to en
able It to answer Its own questions.
Tho figures Bhow tho relatlvo produc
tion of silver and gold. For tho pres
ent century tho outputs as given,
were:
Gold.
Ounces.
5,715,027
3,679,568
4.570,414
6,522.913
17.605,018
64,482,933
61,098,343
Silver.
Ounces.
287,469,225 C9 to 1
173,857,555 48 to 1
148,070,040 32 to 1
191,758,675 30 to 1
250,903,422 12 to 1
287,920,126 4 to 1
329,2G7,776 0 to 1
1801-10..
1811-20..
1821-30..
1831-40..
1841-50..
1851-CO..
1SG0-70..
1870-95.. 146,539,876
2.513.931,119 17 to 1
If this table had been supplemented
by another exhibiting the market value
of the metals, It would havo shown
that whllo In tho first seventy years of
tho century tho production fluctuated
so enormously that In one decade only
four ounces of silver were produced to
one of gold, and in another the dispar
ity was fifty to one, the average an
nual market ratios ranged for almost
the vhole time in tho neighborhood of
15Mj to 1, and never varied more than
from 15.04 to 1 to 10.25 to 1. It would
also have shown that while tho pro
duction from 1870 to 1895 approached
more nearly to tho mint proportions
than ever before in the century, tho
valuo of sliver fluctuated between 15.67
and .32.56 to 1.
"Concurrent circulation" Is not the
test of a successful monetary policy, al
though thcro was never a year In
times of specie payments between 1803
and 1874 when silver Ave franc pieces
and gold twenty franc pieces did not
circulate together In France, and when
both gold and silver were not coined
at the French mints. The real test is
stability of value. It makes little dif
ference whether one metal or the other
or both be In circulation If tho fluctu
ations in value can bo kept within nar
row limits. Between 1837 and 1873 tho
gold value of 371 Vi grains of pure silver
never averaged more than $l052 or
less than $1,003. The range of fluctu
ation was loss than five cents on the
dollar In thlrty-slx years. Between
1873 and 1895 the gold valuo of the
same amount of silver varied between
49.1 cents and $1,004. There was a
greater fluctuation In a week than
there had been with open mints In sev
enty years. That ought to answer the
question whether tho policy of open
mints proved a success or not, as com
pared with the one that has followed
It.
Is This "Sound MoneyT"
Springfield (Mas3.) News: Tho paper
and silver currency of the United
States amounts to something over $1,
100,000,000. According to tho "sound
money" men this currency Is redeem
able in gold. The redemption bureau Is
Siipposed to be In the federal treasury.
What arc Its gold acsets to meet Its
self-imposed obligations? Less than
$100,000,000. Its assets are, If Us esti
mate of liabilities Is sound, about nine
per cent of Its liabilities. If this Is
"sound money" heaven deliver us from
it.
As a matter of cold fact, the govern
ment Is not bound to pay one penny
more in gold than Its present reserve
provides for. It Is only bocauso tho
bankers of two worlds have been putj
ting in their work to their own profit,
t'jat, the fallacy of gold redemption has
bemi given a moment's countenance.
In Order' to maintain a protcnEO of solv
ency on this basis tho government has
run the country In debt by selling
$200,009,000 worth of bonds s'.mpjy and
only to maintain a vanishing gold re
sorve. If the policy was to bo kept up, as
would bo necessary under this samo
policy, tho government d)t would be
Increased at the rate of at least $100,
000,000 per year. It would not be long
bofore our debt would be as great as
It was at tho close of tho civil war,
not much longer before tho total cost
of maintaining this blessed gold stand
ard would bo as great as the wholo
tremendous outlay required to put
down secession and preserve the
union. This 1b what "sound money'
means. Do you want It?
Nutshells Without Kernel.
St. Louis Chronicle: A considerable
number of people aro getting up "nut
shells which he who runs may read,"
Intended to prove that the free coinage
of silver wcld ruin the country, and
about an equal number are getting up
similar "nutshells" to prove that tho
single gold standard is a device of the
gold barons of Lombard streeL These
two kinds of nutshells resemble each
other In the fact that not even ho who
stands still, sits down and thinks for
half an hour or so, can read them.
WHY WE OPPOSE THEM.
Vio Dlfforonco "Conservatives" Methods of Cortaln National Dank.
' "' " f TELLS ft .1 ; f TKiTW -
ALL AGAINST SILVER.
COAL BARONS FORCE WAQES
DOWN AND PRICES UP.
tat They l'retend that Thejr Are Afraid
JThat tli Working Men Wilt 11 Paid
la Cheap Dollar The Chicago Tri
ton "Ordarad Up."
Tho following letter was recently ad
dressed to tho Chicago Tribune. That
paper boasts that It answers all let
ters rccolvcd. It evidently made an
exception of this one for tho very good
reason that its publication would have
oponed the eyes of a large number of
tho Tribune's readers. Wo publish it
that Its InfluenccB may not be lost:
Editor, Sound Money column, Chica
go Tribune Sir: Hb not a fact that
J. Plerpont Morgan, who 1b at tho head
of tho gold movement In thlB country,
and who recently mado a proflt of $8,
000,000 on a bond transaction (which
transaction was only mado necessary
becauso wo aro on a gold basis, and In
sist on paying our obligations in gold),
is also at tho head of the anthracite
coal trust; which trust haa recently
ralsod tho prlco of that article for no
known reason whatever except Its own
voraciousness? Is it not alBo a fact
thnt Senator J. M. Thurston, ono of the
leading supporters of tho gold party,
Is tho paid attorney of tho Union Pa
cific railroad, a corporation which has
robbed tho United States government
of millions of dollars?
Did not tho Union Pacific make every
SHERMAN'S
Sherman's plea for labor In tho sen
ate of tho United States In 1876: Wo
are producing In this country this year,
as estimated by Dr. Llnderman, aomo
$40,000,000 In silver bullion. He esti
mates tho total production at $80,
000,000, of which $40,000,000 will bo
silver. Why not utilize this silver aa
legal tender? I admit that if it la mado
a legal tender, equal to gold, It being a
metal not so valuable, It would drivo
the gold from the country, and tho sil
ver alone would remain. By limiting It
to a thousand dollars in one payment,
ninety-nine transactlonB out of every
one hundred will bo transacted with It.
And all business between individuals
not bankers, between tho mechanic and
employer, betweon farmers and their
merchants, and all wages, and indeed
thousands of transactions which under
11a society broad and deep, 'would bo
In this coin. Tho large transactions
between tho bankers and thoso between
this and foreign nations would con
tinuo to bo in gold, but tho silver
would remain hero as the coin of, the
people, and tho laboring man as well
as tho small dealer, and Indeed of all
thoso persons who do not deal in mil
lions at -a clip.
I therefore, Mr. President, look upon
this as one of the great steps toward
resumption. It is by utilizing the sil
ver which we produce in largo amounts
In this country and making it a legal
tender as It was heretofore. It re
mains a legal tender in France, and it
Is there successful as the coin of the
people. It is also a legal tender In
many other parts of Europe France
la one of the great commercial nations,
and they have retained the doublo
standard; and from my reading I be
lieve if Germany could go back to the
doublo standard it would do It most
cheerfully. They believed that tho
large amount of French coin which had
hpen brought there in a day would re
main, and bo believing they demone
tized all tho millions of silver that had
been coined all the little principalities
and duchies of Germany for ages be
foro and substituted gold exclusively,
recolnlng the French coin so as to
mako It the coin of the empire. But
this Imperial coin must go back to Its
Imperial home; and, as I said a while
ago, It haa left that country In a con
dition of paralysis and prostration, not
surpassed by its sad condition during
the Napoleonic wars. It should be re
ceived as a fundamental fact so as to
guide the statesmen of this country
that the reverse of what suits England
always suits us. And as tho exclusive
gold standard undoubtedly suits her,
tho double standard suits us. See
Congressional Record, March C, 1876,
pages 1472 to 1483.
effort possible to elect Thurston to
the senate, knowing full well that Its
rascality was about to be cxpoeod, and
a question of restitution raised? Is
It not also a fact that tho members
somprlslng each and every ono of tho
numerous trusts, which aro fast driv
ing competition from the field and rais
ing the price of every article they
handle, are, without exception, active
supporters of tho samo gold party?
Does it not seem strange that the
various members of these trusts, which
have robbed tho public, Individually
and collectively, on every conceivable
occasion, should now havo tho Interest
of a long-suffering publto nt heart?
It looks to mo that, having alwaya
robbed tho workingman In tho past,
they wish to continue to do so in tha
future
Maybo I am wrong. I sincerely hopo
so. It la with that hopo In my mind
and n wish to bo further enlightened,
that I pen this lengthy eplstlo to youj
relying on your well-known fairness to
answer through tho columns of your
paper. RICE WASBROUGH.
Republican OMIrlal for Silver.
Buffalo (N. Y.) Times: United States
Commissioner Henry D. Fitzgerald, n
llfo-long republican, who has taken tho
stump for tho republican party in
western New York every presidential
election slnco tho campaign of Grcoley
and Grant, has como out flat-footed for
Bryan and frco silver. Not only does
ho Intend to vote for tho ticket, but ho
snys, If noccssary, ho will tako tho
stump for It. Commissioner Fitzgerald
spoko at scores of republican meetings
throughout western Now York during
tho campaign of '88. Ho has been
United States commissioner for tho
past 27 years, during which tlmo ho has
been of great service to the party.
Iloarke ni a lllrd.
Oil City Derrick: J"or a professional
Jaw-worker like Cockran to refer to tho
agriculturists bb "farmers who labor
with their Jaws" is an excellent Illus
tration of tho pot calling tho kcttlo
black. Bourko la a bird. It would bo
Interesting to know tho exact price ho
was paid for his speech.
TWO SPEECHES.
John Sherman's plea for labor at
Columbus in 1896: But by far the
greatest injury resulting from the
free coinage of silver will fall upon
worklngmen. Their wages aro now
based upon money of tho highest value,
upon gold coin of standard value. Un
der free colnago of silver the valuo of
tho silver dollar will fall to 53 cents
in gold, or, aa I havo already said, the
hundred centa of tho gold dollar will
bo worth 190 cents of the silver dollar.
With free colnago of silver evory work
ingman can and ought to demand
enough silver for his daily wages to
bo equal to the purchasing powor of
his present wages In gold. The strug
glo between workingman and employer
Will then commence and no ono krtpwo
better than tho workingman how diffi
cult It 1b to get an advance of pay.
Wo havo Btrlkes and strlfo enough
now, when tho workingman gets his
pay In gold coin or Its equivalent, but
what will he the condition when bo is
paid In cheaper money of the same
nominal amount, but of less purchasing
power? Every sentiment of Justice
will bo on the sldo of the worklngmnn
In his struggle for good money or In
creased wages In cheap money. Of nl!
the ovlls which a government can In
flict none 9an bo greator than cheap
money, whether of coin or paper.
Tho question will never be settled'
until you determine tho simple ques
tion whether tho laboring man Is en
titled to havo a gold dollar It bo earns
It, or whether ybu ore going to cheat
him with something else. Gold haa
made the world respect It all the time.
Tho English people onco thought they
could get along without gold 'for a
while, but they had to como back to It.
With the frco coinage of sliver gold
will be demonetized. Nothing can he
more certain than that tho cheaper
monoy only will circulate. The United
States has thus far maintained. Its sil
ver coins at parity with gold coins
only by Its exclusive monopoly of coin
age and by limiting the amount, but
,wth'freo coinage of silver there could
be no limitation. Silver bullion In
every form will bo pressed upon the
mints and with the mandatory duty
of free colnago, silver dollars will soon
All the channels of circulation and (he
gold dollar will bo hoarded or will he
quoted and sold as a commodity at
about 190 cents of the silver coin. Sil
ver will stand as the par of value and
gold will be quoted at Its commercial
value. Seo John Sherman's speech
at Columbus, Ohio, Aug. 15, 1896.
May Overthrow tha Leaders.
Catskill (N. Y.) Recorder: The people
of this state, Major Hlnkley, aro go
ing to support Bryan and free silver
and all, thoy aro not going to wait un
til September beforo declaring their
purpose. Moreover, If como of their
old-time leaders don't like It they may
throw up tVilr commissions and takf
back seats.
And now it la claimed that tho Jaw
bones ot civilized people aro gradually
becoming attenuated, chiefly owing to
the prolonged use of knives nnd forks,
SEND IN YOUE MITE.
NO BILLIONAIRE COMBINE
WORKINO FOR US.
IS
An Appeal In tho Main raopte to Help
tho Kindlon or Hrymi All the Mil
llnnalrea Working for Mark llitmm'o
Man.
Tho nppoal for funds which tho chair
nan of tho democratic national com
mittee has sent out to tho penplo la ono
of tho most eloquent and significant
documents which will appear In tho
present campaign. Wo recall tho far.t
that porno yearn ago, when Henry B,
Lovcrlng was running against Honry
Cabot Lodge for congress, his commit
tee appealed to tho masses of the peo
ple for monoy. It was pointed out that
Mr. Lovcrlng waB a poor man and that
ho was fighting tho poor man's battle.
On tho other hand, Mr. Lodgo was a
millionaire, who could command un
limited funds for campaign purposes.
Tho rcsponso wns generous. Somo $500
was subscribed In Bumn ranging from
. to 9 1). muruuvur, air. juovuiiiik wuh
elected.
A similar condition' confronts Chair
man Jones. Ho wants money to carry
on tho canvass, but ho finds that all
tho customary avenues aro closed to
him. Tho trusts, monopolies, tho com
binations of bankers nnd capitalists, nil
men of wealth aro pouring their mil
lions Into Hanna'a coffom. Even tho
woll-to-do democrats who havo nlwayB
contributed to tho party exchequer are
now either sending their checks to
McKlnloy's managers or supporting an
i independent organization of tholr own.
So Senator Jones mnkes his appeal to
the people.
In his address to the peoplo the sen
ator says: "Wo havo allied against us
In thlB contest not only the financial
forces of Europo but tho subsidized
press, and all tho monopolies and tnistH
hero at home, who nro determined, .If
possible, to fix forever tholr relentless
yoke on labor for all time. To oppose
them wo must rely upon tho patriot-
Ism and heroic manliness of tho plain
people tho tollers who create tho
health which speculators nbsorb. With
unlimited monoy In their hands, our
enemies aro printing and distributing
misleading and untruthful statements;
hired speakers and emissaries arc
everywhero attempting to mislead nnd
delude tho people. To meet and coun
teract this wo must distribute docu
ments for tho dissemination of the
truth; wo must oxplodo their fallacies,
tholr misstatements and tholr utter sel
fishness. To do so wo need monoy at
onco, and can only hopo for help from
tho plnln people. Wo OBk only for tho
necessary means to conduct a vigorous
and aggressive campaign. No matter
In how small sums, no matter how hum.
bio tho contribution, let tho friends of
liberty and national honor contribute)
all thoy can to the good cause. To tho
overflowing treasury of the money pow
er wo Will oppose tho accumulated of
ferings of tho masses, fighting to bo
free, and nsk the Ruler of tho Unlverso
for His blessing."
Mr. Jones further notifies those
whoso contributions he solicits that tho
headquarters aro at Hotel Bartholdl,
New York city, and that Mr William
P. St. John, tho treasurer, will receive
and acknowledge all remittances. It
will bo interesting to study the effect
of this suggestlvo appeal. Will tho peo
ple respond? Or will they allow the
merciless Hanna to secure a grip upon
tho national government through tho
election of the candidate whom he has
bought and paid for?
SENATOR BUTLER, CHAIRMAN
OF THE PEOPLE'S PARTY NA
TIONAL COMMITTEE, HAS ALSO IS
SUED AN APPEAL- FOR FUNDS.
IngalU for Frea Bllver.
fn 1878 Senator John J. Ingnlls of
Kansas, mado uso of the following lan
guage in tho United States senate. It
should "havo much weight with Repub
lican' voters this year:
""No people in groat emergency over
found a faithful ally in gold. It Is the
most cowardly und treacherous of all
aetata. It makes no treaty it does not
break. It has no friend It does not be
jray. Armies and navies aro not main
tained by gold. In times of panic nnd
break. It has no friend it does not be
comes the agent and minister of ruin.
No nation ever fought a great war by
the aid of gold. On the contrary, in
tho crisis of greatest peril it becomes
an enemy more potent than tho foe
in tho field; but when the battle is
won and peace has been secured, gold
reappears and claims tho fruits of tho
victory. In our own civil war It Is
doubtful if tho gold of Now York did
not work greater Injury than the pow
der and lead and iron of tho rebels. It
was the most Invincible enemy of the
public credit. Gold paid no old soldier
or sailor. It refused tho national obli
gation. It was worth most when our
fortunes wero lowest. Every defeat
gavo It an Increased value. It was an
open alliance with our enemies tho
world over, and all Its energies wero
evoked for our detructlon. But, as
usual, when danger has been averted
and the victory secured, gold swaggers
to the front and asserts the suprem
acy." The Appeal for Funds.
in rcsponso to the appeal recently
ssued by Chairman Jones for popular
subscriptions to tho campaign fund,
many contributions are now being re
ceived by Treasurer St. John, at the
Now York headquarters. In order to
systematize this work. Chairman Jones
asks all weekly and dally papers in tho
United States that are favorable to the
election of Mr. Bryan and tho restora
! tlon ot silver to Its constitutional uso
j as money, to start popular subscript
ttons In their rcspcctlvo publication.
?uch editors aro authorized by the na
tional committee to net as collecting
igontn for tho campaign fund, and are
urged to publish from week to week
tho names of contributors and the
amounts nutacrlbod, and to forward
tho Bamo to William P. St. John, treas
urer national democratic commutes.
Hotel Bartholdl, Now York city. The
Kansas City World has already raised
$400 In this manner, and thoro Ib every
reason to hellovo thnt a general appeal
will provo popular and successful. Tho
press bureau desires a coroprchcnslte
exchango list, nnd nil editors of demo
cratic, populist nnd frco silver papers
nro urged to mall tho Bamo tc F. U.
Adams, Secretary Press Bureau, 4udj
torlutn Annex, Chicago, 111.
Which I nicht?
Once upon a tlmo thro was a farm
who was In great need of n thousand
dollars, but ho did not havo a slnglo
dollar, A frlond camo forward and
said to him: "I will tot you havo tho
monoy If you will glvo mo your written
obligation to deliver to mo a thousand
bushels of cither wheat or ryo after
next yoar'e harvest." This proposition
was accepted, notwithstanding tho fact
thnt wheat and ryo woro Belling' at n
dollar and a half a bushel. Tho farmer
had neither grain, but ho knew ho
could raise both on his farm, and tho
contract gave him tho advantage of
two harvcBtB In which to ralso the
noccssary amount So tho contract wan
plainly written and signed, binding tho
farmer to deliver 1,000 bushels ot cither
grain, at his election, at tho appointed
time. When tho tlmo of payment ar
rlved It was found that tho market
prlco of wheat had gono up to two
dollars per bushel, and tho market
prlco of ryo had gono down to ono
dollar per bushol; and tho farmer of
course elected to pay his obligation in
rye. But what was his surprise to
And tho man who hold his obligation'
Insisted on having it discharged by tho
dollvory of a thousand bushols of wheat
instead of ryo, and all tho friends and
neighbors of the crodltor aroso and said
"Why, this man camo to your rescuo
when you wero in troublo, and now
ho wants to bo paid honest, valuable
grain, and It Ib dishonest in you to oven
want to pay in rye." "But," sayB tho
farmor, "did ho not agree to tako olthor
grain at my option?" Thoy could not
but admit this fact, but still they In
sisted that tho bushel was a "dishon
est" bUBhol and aro still bo insisting
and demanding that tho farmer shall
not oxorclBo tho option given him In
his contract, and that "good faith"
requires that ho dlachargo hlB obliga
tion in wheat, and tho creditor and hlB
friends oven lns'.st that nil men of
brains will say so. Tho caso is not yet
decided. Which party i8right, thr
farmer or hiB creditor? X.
What History IVovet.
To those of our readers who bellove
that tho republican party did" a great
and good act in resuming specie pay
ments wo submit the following bit of
hlsfory taken from Sir Archibald Alii
son's "History of Europo":
Tho suspension of speclo payments
by the Bank of England in 1797 led to
tho uso of an enormous amount of
Irredeemable paper money.
Tho result was magical.
It terminated In a blazo of glory and
a flood ot prosperity which has nevei
before, elnco tho beginning of tho
world, descended upon any nation.
Prosperity universal and -unheard of
pervaded every department of tho em
plre.
Agriculture, manufactures and com
merce increased in unparalleled ratio.
Tho landed proprietors wero in af
fluence.
Wealth to an unheard of. extent was
created among the farmers. '
Our exports, imports and tpnnngo
moro than doubled, and tho condition
of tho peoplo was one of extraordinary
prosperity.
From 1797 to 1819 no financial em
barrassments of any moment were ex
perienced, and in vain Napoleon waited
for ,vo stoppage of England's financial
resources.
But tho resumption of speclo pay
ments In 1819 the change of the, finan
cial system from legal tender paper to
metal money was ruinous to all the
industries of England. The distress
became Insufferable, and In Manches
ter 60,000 men, women and. children
assembled, demanded blood or bread,
and many of tho peoplo wero killed
and many wero wounded by British
troops. annot the reader who is 35
years old and upwards turn to Amer
ican history and recall a parallel to the
abovo?
llryan's Election Sore.
Denver Times: A New York estimate
of Mr. Bryan's strength is utterly un
reliable. Ho will bo elected by votes
outside of the Emplro stato. Ills cam
paign will bo conducted In other states,
and when tho vote is cast and counted
In November New York will have the
pleasure of recording, desplto Its wish
es to tho contrary, something concern
ing the strength and tho will of tho
people west of the Erie canal and tha
Reading coal fields.
Why Not Again?
Youngstown Vindicator: It is worthy
of note that the United States main
tained free coinage of Bllver from 1810
to 1873, without tho consent of Eng
land or any other foreign nation.
If the free coinage of ellver will not
enhance the value of silver bullion,
how is it going to enrich the silver
barons? If it does increase the value
of silver bulf.on and enrich tha silver
barons, what becomes of your cheap
silver dollars? Answers from gold
standard men only received