Conservative *
wonderful , and the Street of nil Nations
in the evening when illuminated with
electric light , through the dense foliage ,
was beyond description. There wore a
great many Americans there.
"The day before yesterday I went to
the great race of all the year in London
the Derby. Everything on wheels
was hurrying away from London to
Epsom Downs , 10 miles away. It was a
wonderful sight to see all phases of
society gathered upon the race-track.
Over 250,000 people , from the beggar to
the first gentleman in Europe were
represented. There were five races , but
the one that everyone was interested in
was the Derby. As 1 sat , or rather
stood upon my coach for two mortal
hours , waiting , watching , listening , till
I heard the thunder of hoofs along the
race track , the first one that caught my
eye was Keene's horse leading the van.
The colors , the red , the white , the blue ,
were represented by the jockey , who
bent over his steed , and plied him with
whip and spur. It was the last quarter
before the finish , Keene's horse leading
a length ; then from the others flashed
out the colors of the Prince , the horse's
eyes almost bursting from its sockets ,
its nostrils a ball of fire , and its neck
stretched out , the jockey doing his best ,
flashed by the others like an arrow and
won the Derby. You should have
heard the shouts that went up from
200,000 English throats , when they
knew that their Prince , the first gentle
man in England , had won the Derby.
But I will not go on with my rambling
letter , fearing that I may weary you. "
Mr. Bryan received
BUYAN'S FRIENDS.
ceived only 1.08
per cent of the vote of the thrifty and
industrious classes , represented by de
positors in savings banks. But with
illiterate folk he was a winner. They
gave him the highly complimentary vote
of 05.87 per cent. Had the percentage
of illiteracy in the United States been a
trifle larger Mr. Bryan might have been
president. The above statistics will aid
Mr. Bryan to locate his frieuds.
That representative
ONE MILMON.
tive of the plain
people of Montana , Mr. Olark , who
expended one hundred and fifty thous
and dollars to bo certificated a United
States senator from that state , is re
ported to have put up a million of dollars
in cold , plutocratic discs for the Bryan-
archy campaign fund. Mr. Olark
estimates men and offices , principles and
policies , in dollars and cents , and puts a
price upon legislators who vote for
United States senators and the multi
tudes who vote for the president. The
million dollars , in his computation ,
means the votes of a million plain pee
ple. The masses , all but the M , are
with Olark.
TAKIFF TRUSTS.
peared in those
columns during the last eight months ,
some twenty letters dealing with the
connection between trusts and the pro
tective tariff. This series , written by a
number of eminent men and dealing
both with specific cases and with the
subject in general , was conducted by the
Now England Free Trade Loagno , for
whom President Lamb sums up in a
letter which wo publish today.
Mr. Lamb's letter points out the strik
ing manner in which recent events have
supported the position taken by the
writers of these articles , that tariff
protection to trusts was a serious
injury to the business of the coun
try as well as a grievous burden to
the consumer. It was to be expected
that the league's publications would
take a sound view of the business of the
country , for it numbers among the offi
cers who conduct it , practical and suc
cessful business men of long experience.
Those who wish for reliable informa
tion and sound comment upon the great
est evils of trusts , will find them in this
series of artoles , which have been re
printed in pamphlet form and may be
obtained by writing to the New England
Free Trade League , 049 Tromout Build
ing , Boston , Mass.
SOUND FINANCE.
J. Sterling Morton , the retiring secre
tary of agriculture , has written to a
friend in this city with reference to cer
tain things he has douo , and his reasons
for doing them. That which the out
going secretary says respecting the
money question is suggestive of the
writer's public spirit and his clear under
standing of the financial issue , as well
as of the fine integrity and courage with
which he has maintained his long and
resolute contention for sound , honest
currency.
Mr. Morton says :
"Discussing the money situation in
agricultural bulletins and circulars in
tended to reach the farmers , I have
acted under my convictions of duty.
The farmers buy money. They can sell
only food products for that money , and
they ought to get money which , like
their food products , will pass muster in
all the markets of the world. No class
could suffer more from an irredeemable
or depreciated currency than the agri
cultural class. Therefore , conscien
tiously , from my economic standpoint ,
I have given them the facts and the
truths relative to the currency system
of the United States as I saw and under
stood them.
"Briefly , the contention relative to
the metallic currency of this country
may bo stated as follows :
"Senator Ohaudler , Bryan , Teller ,
Altgeld , Stewart , Tillman , and others of
that school of economists deolaro that
the legal ratio enacted between the coins
governs the relative value of the metals
in bullion.
"But yon and I and others agreeing
with us believe that the relative value of
the metals in bullion governs the rela
tive value of the coins.
"Further than that , wo hold that if
no single state can maintain a fixed
legal ratio between the metals when
coined in unlimited quantities , an inter
national agreement between the prin
cipal mercantile countries in the world
can not maintain such a fixed legal
ratio.
"The foregoing seems to me to contain
the entire contention relative to the
metallic money of the United States.
"Before long it will be universally
admitted that the legal ratio of the coins
must strictly conform to the relative
market value of the metals.
"It may bo demonstrated in the near
future that if the fixed legal ratio of the
coins differs from the natural or market
value of the metals , the coin which is
underrated entirely disappears from
circulation and the coin which is over
rated alone remains current.
"Everybody will come to know the
fundamental fact that if degraded or
debased coin is allowed to circulate
along with good , full-weighted , full-
value coin , all the good coin disappears
from circulation , and the debased coin
alone remains current , to the ruin of
trade.
"The foregoing is the doctrine of
Oresmo , and has been ratified and ap
proved by Copernicus , Gresham , Locke ,
Newton , Lord Liverpool , and by the
best economists of the United Kingdom
and the United States during the present
generation. "
The country has reason to be grateful
to this public servant who has served it
with such fidelity in all ways , and
especially in his efforts to correct the
abuses which congressional extrava
gance long ago introduced into the
agricultural department , and also in his
sagacious and persistent defence of the
position he has held in safe-guarding
the financial integrity of the govern
ment. Philadelphia Public Ledger , ( re
publican ) , March 8 , 1897.
, . .
- t
of 10 to 1 are
pledged , in the event of the success of
the Kansas City ticket , to repeal the
gold standard act at the earliest possible
moment. Any party threatening to
destroy gold as the standard of value in
the United States is a party menacing
the business , the prosperity and the
morals of the American people. That
party of organized discontent , led by
malcontent. ) , meets at Kansas Oity to
profane the memories and associations
of July 4th , 1770.
