"Che Conservative *
greenbacks is a much larger but an in
calculable sum.
Mr. "White favors the bill recently re
ported 1 > 3 * the house banking committee
which , while not. . retiring the greenbacks ,
puts upon the national banks the onus
of current redemption of them and gives
the banks the privilege of issuing an
equal amount of notes against , their gen
eral assets , protected by a common
safety fund lodged in the treasury.
This would furnish all the money that
the business of the country neodsand it
would be furnished at the times and in
the places where it is needed , which the
government , can never do , and which
free coinage of silver never can do.
It is not at all credible that the McKinley -
Kinley administration lias either pur
posely or otherwise neglected to core
for the soldiers.
It is probable that all has been done
which the ability , supervising and pro
viding for the American army in Cuba
could do. When we remember that the
war was carried on to alleviate the suf
ferings of humanity in Cuba we cannot
entertain the thought that humanity
has been , by the same authorities , neg
lected in the United States. To the
best of their capabilities we believe that
Secretary Alger and General Miles have
very faithfully performed their respec
tive duties. An engine of a hundred-
horse power cannot bo run to its full
capacity with boilers built , to operate a
dummy of two-horse power.
THK CONSERVATIVE is gaming in sub
scriptions every day. It is the intention
to secure many readers in the East ,
West , North and South and to hold
them as steady patrons year in and year
out by telling the truth and defending
the right.
THE CONSERVATIVE is not n partisan
journal. It has faith in the ultimate
triumph of everything that is just.
THE CONSERVATIVE is an advocate of
more capital for the West and South.
Therefore THE CONSERVATIVE is against
all legislation unjustly discriminating
against capital. THE CONSERVATIVE is
in favor of collection laws upon which
no legislative Makers have put or can
put any patent brakes or delayers. THE
CONSERVATIVE calls to capital "come
in ! " instead of "get out ! "
American politics has reached a rep
utation so rancid that thousands of citi
zens can not be made to believe that any
man enters public life for the high
and honorable purpose of usefully serv
ing his government and bestowing ben
efits upon his countrymen.
Most of the September magazines con
tain accounts of the sea light off San
tiago on July } Jrd. As these are natur
ally all written by witnesses on the
American ships , they still leave unsatis
fied a rather bestial desire that most of
us have to learn how it felt to be a
v .
„ „
Spaniard on that day. We are in the
position of the ingenious French king ,
who caused offenders to be sewed up in
sacks with iiuury large cats , and thrown
into the Seine. He could not unfortun
ately , see the things that went on inside
the sacks , but he enjoyed doing it just
the same.
An unlucky typo-blunder is reported
from a neighboring town , where just
now the ministers are so nervous that
they jump every time a hairpin drops.
In the midst of this state of things , the
evening paper stated , on a Saturday ,
that , one of the pastors had been waited
on by a committee of ladies , who had
given him a beautiful dressing-down ;
and it was forty-eight mortal hours be
fore an apology could be made , with the
explanation that it was really a dressing-
gown that had been given the good man.
In the same town the word "back
sliders" is lalKtn in the newspaper oflices ,
the church authorities having requested
them not to employ it in connection
with their affairs of discipline , in consequence
quence of a similar typographical error
which made it a stench in their nostrils.
The redistribution of the capital of the
country is a favorite theme with persons
who never created any capital. These
men grow fervid depicting the injustice
of that industry and self-denial which
creates capital for itself instead of cre
ating it to bestow upon loafers and polit
ical elocutionists. If inanity of brains ,
inertia of body and a disregard for
truth worn ruinitnl. smm > of onr
and representatives in congress would
be mental and moral millionaires.
The populists proclaim all capitalists
culprits. All who have much money
arc bad men. All who have only a lit
tle money are better men and those who
have no money at all the best men. And
yet nearly all populist leaders who thus
inveigh against accumulated capital de
sire to become capitalists and be even
called culprits rather than to have a
little money and bo classed as good men
or no money and be praised as the bet
ter or best men.
The magazine writers call Judge Day
of Ohio a statesman of the first magni
tude , and felicitate the president upon
having discovered him.
Mr. McKinley will not have failed in
this connection to render the 1157th
hymn , beginning "O happy Day , that
fixed my choice. "
Prof. John Milne says that there are
undoubtedly some volcanoes in the
United States which will one day or
another blow their heads off.
We know of one that had a narrow
escape during the last presidential cam
paign.
Nobody is worrying about the air
ship this fall , though it is giving an ex
hibition in the West every evening , the
very same old air-ship.
fBy ISdwanl Atkinson. ]
Good mono y
OUUSTION.J" tender to secure
its acceptance.
Only bad money calls for an act of
force or legal-tender to make people
take it whether they want it or not.
Under acts of legal-tender creditors pos
sess no rights which debtors are bound
to respect. Hence it follows that by
way of acts of legal-tender credit , which
is the life of commerce , may bo so re
stricted as to bring about a complete
paralysis of industry. This was what
occurred in J80JJ under the threat of the
free coinage of silver at the ratio of
sixteen of silver to one of gold coupled
with a force bill known as a legal-tender
act. Free coinage is nothing but a pre
text. Coinage is the manufacture of
round discs of metal certified in weight
and quality by the stamp of a govern
ment. Gold , silver or copper may be
freely coined to any extent to meet the
demand of those who may bring bullion
to the mint to be manufactured into
coin. Yet no one would be harmed.
The vice of the policy is hidden
under the name of legal-tender. Legal-
tender acts were born in fraud and have
been nursed in corruption. This is the
record from the dawn of financial history
to the present day , with one slight use
ful variation hereafter to bo referred to.
Legal-tender acts have been intended
for one of two purposes :
1 . They have been acts of absolute
rulers or despotic governments intended
to cheat the people and to defraud them
of their earnings.
2. Or else they have been acts for
the collection of a forced loan limited
to the conduct of war until the Bland
and Sherman acts were passed for the
collection of a forced loan for the pur
chase of the silver bullion now resting
in innocuous desuetude in the vaults of
the treasury of the United States.
Money is necessary to the conduct of
commerce. Commerce is an exchange
of products or services. In the process
of trade one thing is exchanged for
another thing ; not something for noth
ing. What are these things ? They are
the goods which constitute the necessi
ties , comforts and luxuries of life , food ,
fuel , clothing and shelter. By the di
vision of labor the quantity or abun
dance of these things is increased. By
exchange or commerce all got more than
each coxild gain if ho tried to supply his
own wants with his own sole labor or
effort. The first exchanges were doubt
less made by what is called barter , or
giving one thing for another in direct
traffic , but that way could not work
long. Two men met , each having some
thing that ho did not want , yet neither
wanting what the other had to spare.
Out of these conditions must have
arisen the invention of money or of a
medium of exchange. Who invented