Conservative *
iiKNiu There was no bimetal-
CEUNUSCHI. list in all the world more
intelligent , earnest and active than Cor-
nuschi. But ho never claimed that an
enacted ratio , made without regard to
the relative bullion value of gold and
silver , could permanently enhance the
purchasing power of silver coin. On the
contrary , Cernuschi honestly and truth
fully declared :
"The melting pot is the test of coined
money. That which loses value in melt
ing is bad money I And that which does
not lose is good money 1"
This leads THE CONSERVATIVE to sug
gest that if the United States finally
adopts the free and unlimited coinage of
silver and gold , it do so honestly and
fairly. Then , any quantity of cither
metal in the form of bullion must be of
exactly the name value as the same quan
tity of ( he same metal in tlicform of coin !
Why not , if the government is en
lightened and just and honest ?
IN JUNK , 1787. The Constitu
tional Convention which formed the
organic law of the United States con
vened at Philadelphia , in June , 1787.
The intellectual splendor of its member
ship illumines all American history and
will light up forever the pathways of
liberty regulated by law liberty applied
to men and liberty bestowed upon com
merce.
No discussion during the convention
was more entertaining , animated and
instructive than the one which deter
mined against the granting of power to
any one state in the Union to lay pro
tective taxes xipon the products of
another state , coming into its markets.
Nothing in all the proceedings of that
patriotic assemblage was more pro-
* * i V nounced than its declaration that trade
between the United States of North
America should be forever absolutely
free \
INDIVIDUAL Strong statutes
AND COMMU for the prompt
NAL CUED1T. and efficient col
lection of matured evidences of debt are
an advertisement and assurance of the
honesty and good intentions of the people
ple of the state which enacts them.
Laws providing means for putting off
the payment of obligations in fact ,
nearly all stay-laws and many exemp
tion laws are almost invariably evi
dence of a desire to do injustice and to
cheat by the people and state which in
stitute them. Personal as well as com
munal credit is more valuable than gold.
It permits those without capital to hire
capital. No person needs good credit so
much as a debtor and would-be bor
rower. No county , city or state needs
a reputation for honest and fair dealing
so much as one wliich owes money and
desires to borrow more money. The
repeal of every stay-law and every ex
emption law in all the Western and
Southern states would strengthen and
exalt personal and communal credit.
"PEACE The country
AVITII IIONOK. " wants "peace
with honor. " It really never wanted
war. Senators Proctor and Thurstoii ,
and that other celebrated noncombatant
ant , Senator Mason of Illinois , assisted
by Mr. Bailey , of Texastho leader of the
democratic party in the House , forced
the nation into war against the
will of the people. The senators did
it to gratify political and purely per
sonal ambition. Mr. Bailey did it to
embarrass the president and the republi
can party and to gain a party advantage
at a fearful cost of human life , of hu
man suffering and sorrow , and of the
public treasure. The senatorial noncombatants -
combatants have put in a sudden disap
pearance , and Mr. Bailey , of Texas ,
marches at the rear of a victorious col
umn of war-waging republicans whom
the remarkable Mr. Bailey , of Texas ,
lias signally assisted to entrench them
selves in a long lease of power in our be
loved country. Mr. Bailey , of Texas , is
a great leader of his party. Mr. Bailey ,
of Texas , is a great man :
The country wants "peace with
honor. " It has discovered several tilings
wliich it did not know when it declared
war. It has ascertained tlirough the
bloody horoscope of Santiago do Cuba ,
for instance , that the Cuban "patriot , "
the Cuban "Republic" and the "Cuban
government , " are something far worse
than myths. Evidence is cumulative
and conclusive that this Cuban patriot
never had either an army or a govern
ment ; that he is a conspirator and a rev
olutionist whose solo object it has been
to destroy and rob and plunder ; that
when the crucial test came he would
neither work nor fight , and the whole
army unites in denouncing him as
wholly unworthy of well-ordered liberty
and plainly incapable of maintaining it.
No wonder the country wants "peace
with honor. "
VALUES AUK L 011 d - V O i C 0 d
MADE Y communists con-
DEMAND. tend generally
that values are created solely by labor.
Throughout the West and the South
many of them are declaring that there
could be , and would be , no values ex
cept for the brain and brawn of the
laborer.
This is popular. This is flattering to
the muscular industry of the United
States.
But another set teaches that it takes
labor and capital and "that all values
are created by capital and labor work
ing harmoniously together. "
And neither tells the truth.
Labor cannot create value. Labor
and capital combined cannot create
value.
Labor and capital may combine and
with great outlay of efforts and money
establish and operate an artificial ice-
plant in thQ vicinity of the North Polo
and the output of scientifically made ice
become enormous. But there being no
demand for that Icind of commodity in
that polar propinqxiity it has no value.
Capital and labor might with great
exertion sot up and run a manufactory
of heavy woolen blankets at the Equa
tor and place a thousand bales of them
on that torrid market every month of
the year. But equatorial humanity
does not need woolen blankets and
makes no demand for them and so they
are there valueless. Transpose the arti
ficial iceplaut to the Equator and the
blanket factory to the polar regions and
Supply is evolved where Demand lives.
The fact , the axiom , in economics , to
bo steadily and constantly borne in
mind by all seekers after the truth , is
that "The Eolation of Supply to Demand
is the Sole Regulator of Value. "
As demand declines value declines.
When demand ceases value is dead.
Demand is the sole creator of value.
Nothing undesired and therefore uncle-
manded has value.
KEPIIESENTATIVE TllO OyCS of COU-
OF AVHAT ? servative citizens
of all the political parties of the United
States are directed now toward the pri
maries and conventions of party organi
zations. Look these bodies of men over
scrutiuizingly and closely. Disintegrate
them , by analysis , into individualities
and see of what mental and moral stuff
a majority of the members of these affili
ations is composed.
Take any lot of primaries coming
under personal notice it makes no differ
ence as to the locality , party or principles
winch they assume to represent and
one by one examine the records , charac
ter and taxpaying capabilities of these
delegates who make candidates for whom
the American people are forced to vote if
they vote at all. After careful and con
scientious analyses of these primaries
and nominating conventions , whether
republican , populist or democratic , is it
found that they represent the brains ,
property and morals of the country ?
Or are they found animated with a
patriotic desire to have competent and
honest men serve the state ? Or satur
ated with a swine-like appetite to have
some incompetent and , perhaps , dishon
est , individuals served by the state ?
Are modern political primaries organized
and run for personal promotion , or for
the public good ? Are political conven
tions , which nominate candidates for
congress , for state legislatures , for
county offices , and for the executive
offices of the commonwealth generally
organized to do good to all the citizens
by naming only well qualified persons ;
or are they manipulated to merely
satiate the voracity of incompetents for
places which they are morally and men
tally unfit to occupy ? What do these
primaries , when we come carefully to
examine the intellectual and etlu'cal
make-up of their members , really repre
sent ? Brains ? Property ? Character ?
Or personal ambitious to bo billeted at
the public crib ?