THE OMAHA DAILY BKE : 8ATUHDAJK MAY 30 , 1801-TWJflJUVJfi i'AUES , 11
IMII H fnt\Tirt An PII 1TPM
MILE COINACfc Ol' ' SIUER.
DiscimolbyHon , W , J. Oonnoll and Hon.
E , Kosewater in Onmlm.
IS THE SUPPLY OF MONEY SUFFICIENT ?
or Tlnc ( Ciitismi liy tlio
\IOL 'I'lnit l'trmorH llnvo no
Surplus I'ofVbIcli
bo Mad.
At the mooting of the Sundown club at the
I'nxtoit on last Monday night , tlio sllvor
( j IPS Man being tinder consideration , tlin lol-
lowing speeches wro iloilvorocl , Iho lirst by
Hon. W J. Connell In favor of froa silver
coliin o , nnd iho so'aiul by lion. U. HOJO-
water In opposition to it :
Mr. Council spoke us follows !
1 um not curtain that 1 will bo nblo to nilil
vary imwh to your knowledge of free and un-
hmftctl coinage of silver In tno brief time til-
lotted to inc. In tlio debates whic.li took
place lust fall between m.v friend Hrvan who
now sits ivt my loft n-nl myself , we both fre
quently hnd 10 aeknnwleilgo wo could scarce
ly loucdi upon tnu one question wn were en
deavoring to dismss , wi'h tin hour and a
quarter allotted to o.ich. When I remember
how difllcult Itvas i ni these occasions to dis
cuss fully or Mitlstnrtotily tlio tniilT ques
tion in itn hour und a quarter , I reallyo how
utterly hopeless U Is to make a satisfactory
presentation of this question In fie brief
spare of twenty minutes. It is n riuiMtitm
equal to tbo tarifT question in Its imp irt.uico
to the people of tlio United Slates It Is n
question which thus fur has not boon tlis-
cusaot ) to nny great extent before HIP people.
I believe , however , it will bo ono of tlio inns * .
Important if not tin1 paramount question of
tlio future.
There are other questions natumllv con-
net-ted and associated with it which mut not
bo lost sight of. Ttio three grbnt imoortant
questions wo havr1 today before the Aincriciiii
people are , the labor question , tlio question
of transportation , ami third , but equal in im
portuned , nnd dosoly allied to the ether two ,
the llii'inclal question.
The labor question Is ono that will not
down. It is one tli it is at the front and will
remain at the front mil depends very largely
for its solution on the question that \\oaro
to consider tonight. The transportation
question is of lilto i Imr.irtor.Vo have en
deavored in thi ! piM to logulutu railio.ids ,
thus far without success. I bellou > tlie only
way , and the people are fust coming to tli.it
Idea , to solve the iailro.ul question is by
government ownership , as well jis conn ol
Now , that rmlnruilv nnd necessarily In
volves the money question The re.vl fact is
the people of this country have not a sufil-
cient supply of nioiun , the circulating me :
cllum is not what it should bo to give a
healthful condition of all.ilrs in our country
The ftec nnd unlimited coinage of silver as
furnishing some relief li is boon advoeitcd ,
/ ' and n bill of that character dur-
ingjtho last congri-ss , after ovtonded discus-
fiion , passed tlie senate of the United States.
It Is urged that tins lull should not pass It
Is contended that the siher tiollar is not an
honest dollar. That idea seems to exist very
largely among those who have not given tno
question serious considi'i.ition.
I happen to have in my pocltot a silver
dollar. I consider I am fortunate after hav
ing emerged from the recent dlsastious
political campaign to U.ivo even a silver dollar
lar , [ daughter. 1 Hut , as you all see , I have
one ( producingn dollar. . . Nothnt silver
ilollar contnlus U71 ' 4 grains of pure silver.
U'hat is th-- history ol that tpll.ir'Vo | can
trace Its history back to a time which oven
Antedates the constitution of the United States
mul tracing It from that time down to tlio
present wo llnd that , at all times , it has con
tained no more and no loss silver thsu this
dollar which 1 now produce.
Ilofoie the adoption ot the constitution of
tbo United States wu li ul in circulation what
was known ns the Spanish milled dollar.
When our constitution was adopted , I [ .null-
ton , the first sectotary of the treasury , had
that dollar assayed , and It was found to con
tain exactly 1171L4 grams of pure sllvor.
which amount was adopted for the standard
bilvor dollar of the United States It has
continued so from that time to the present.
In view of this ln.'t I wish my friend Mr.
Uoscwnter to toll ymi when ho comes to dis
cuss this question why this dollar should
lie charaetorl/ed as a ' 'dishonest dollar. "
lie will poi hups tell jou that you can buy 111
the markets of the world the Mlvor con
tained in this dollar for jl 05 or less an ounce ,
whereas according to the ratio llxe'd by law
of y l ! | gialus of silvur to the dollar , it would
require I'-iU cents to equal nn ounce of silver.
Now , ho maj say for ( hat reason this is n
dishonest dollar , that it does not contain n
sulllcient quanUtj of silver to equal the
amount you can now p'lri'haso in the market
for n dollar. There U a good reason for that.
\Vliv is it that this silver dollar of .171'i
* of puiu sllvoi. which litis boon rocog-
, _ ns a standard from the limo our consti
tution was adopted down tob \ 'J , lias become
BO tedilcetl in value J
In 1S71 ; , an act was surreptitiously passed
by congress dcmonotl/dng the silver dollar ,
saying that silver which had been recognl/od
us a piouoy metal by our coiisil'iition , anil
hail IICHII sorocognl/ctl from the foundation
nf this government tloun to that time , should
no longer bo coined and should no longer bo
n legal tender. 1 can substantiate if 1 hail
time to do so , my statement that this act uas
passed rntl approved without even the nimn-
liers of congiess , or collators , or oven tlio
niosiiiont of the United .State * knowing unit
its effect would bo. \
Kow , what followiflf Down went tlio
jirico of silver. The silC n ; ilollar being do-
inonetl/ccl , gold heciiino rtjo jtiiiulaul , anil
fiom that time to thu ptcsCnt , \nluos have
been ineahined bv the goltl yaul-hticli a
\aid-stlelc which by tlio act ot congress was
increased fiom thirtj-sK to fifty-two inches
in length , liy that yard-stick , the people of
this country Irom tt > it day down to the pros
cut time have been pii\iiig their debts anil
obligations. lleio \\iis this pneiiiincnl ,
owinir a vast sum of money , licio wcioour
states , our counties , and our municipalities ;
our citbens ; all in debt , owing vast amounts ,
not only to custom creditors but to foreign
capitalists , and fiom that day to this these
debts have been measured by this gold x.itil-
btlck of ilfty-two nichein length.
Mr. liosQwator will sa.\ that if wo were to
jnovido for the free ni.il unlimited coinage of
of hllvotbls country x\ould nt once bo flooded
with foiolgn silver. Ho will say Knirland
\\oulil send over her siUor , Fiance would
Bend over her sil\er , and every foielgn coun
try uotilil rush ever at once , as fast as the
.most lapid .sailing steamer could bring it , all
their silver to this countrj to be coined into
our American silver dollars. Now , is that
sol Is there tlio sllgiitest gioiind to believe
that mob would be the icsult' I ImvostatPtl
the ainuiint uf pine sil\cr in that dollar to be
I17I14 grains. What is the amount of
MlVer in the tlollais of I'.urope !
J ? it JI71 Ij grains ) Not nt nil. These tiol-
lais contain but il.Ns and a fraction wrims ,
uhnoi.t 1'J grains ot silver leas than Is con
tained hi this so-called "dishonest silver dot-
Jar. " Our ratio of coinage H us Ul to I. The
inllo of Kmoiiii is I.1 * ; to 1 , nnd in some
rountiii > 3 , India for instance , the ratio is ! f >
to 1 ; and in India uh < To that ratio exists of
1.1 to I , the Indian uipiv , which is equivalent
to a dollar , contains but albumin fraction
t-raluh of silver a difference ol homo ' 31 or 'J4
Kiiilus hi favor of our "dishonest silvur del
lar. "
In view of these undisputed Inct.s Is there
nm danger of Ktiropo flooding this country
\ \ 1th her silvorl
Hnvo they n surplus In the Ihyt plueol
AVhy , tuo ontlio sll\ < of Eui-ope amounts to
onlv fl100KH.iXH ! ( ) ) . Of that quantity fcTOJ-
( K'O.OW ) Is rcnuircd to bo kept by tlio binks as
n rcbcrvo. Tauo HID entire biker of the
\\orld , If you plcaso , v h it'll approximately
iiinoiints to ( Ulnui > ltHXix.hi. ) If you were to
lirlng It nil over hero and coin every ilollar of
It , we would then luuj n less anwint of sli
ver per capita than the people of France luvu
In circulating medium.
In Franco the money nor capita b equal to
about $ .YT , and It uinild take tlio unthe sliver
of theM > ild , iSi,5iKOiJOikiO. ) lo glvo
to thu people of this' country an
amount of Mhur equal to the per
cnpltft of the pcoplo nf FI-.UILV ,
the moist piwpoi-oii ! . pcoplo on the face of the
caith. Is tlicto any tliiiiger of a surplus of
futuign sliver coming ever to this count j '
If it tihould conio what would bo the rouuft'
\ \ hen those HrllUti b.muors or Kutope.in
capltalUts sei'd over their M'vor ' li > this
country to Ire coined into an AinciK-an silvur
aolhir , they would hnvo to add eleven to
Au'lvo k-raliia befni'0 it couhl 1m coined into
that dollar ; In other wonts , they nrnst atld
fiom thixo to four cenU to every dollar lliov
bring o\or hoio and have coined Is tluro
ln duiit-er then ol their acndliiK Hull1
over hero' Why. If they should send over
tnoir ' , i'toiiotV , ) , f mver ) tljoy wo.il 1 sus
tain rt , oss , t ftotn $ o o wom , > to $ ni Mi.otit >
It m.iv bo i Iftim 'd tha' by adoptinu n meas
ure for Iho free and unlimited coin /e of
stiverou arepusslnn n law , not in Iho Inter
ests of Iho people , but In the Interests of the
mini ) owner * nnd in the Intcrbst of the bul-
UoiispeciUtoiM Now. In the HrU place , If
wo have free and unlimited coinage of sllyor ,
there would bn no such thin ns supftilatHii
In bullion ; for the reason that over } mm
who bad ? 100 worth of silver bullion of tin-
rcqulsito fineness couUt t.iito li to the mints of
the United St.uus , ana at once have It colnod
Into ilollar-i , and therefore ho would
not tnko less than one dollar forittl' ( grains.
It at once ends nil speculation with tegnnl to
this inipiirtftnt money metal. That would bo
lhi < fit-itefTuct. In view of tlmt , h there any
dfttigor to ttio people ? Why , the gentlemen
may say tlmt the speculators would tnalto a
vast sum of monoy. That inisht bo the Ilist
olfoot , it probably would be. but whnt dons
that amount to I How much would it aggre
gate' The wildest estimate thnt .1 have
heard made regarding the amount of silver
bullion eirtmrod by tboso speculators , Is
tuulvn million ounce's that U the extreme
outside limit , Now , how much would they
make ; Iull I coneiido they would nnko tha
dinVreneo between the mnrltot valuu of sli
ver nnd thu colnayo vuluo , and that would bo
nbout orio-fourth of the capital Invested.
They would make say ? l,000OOJ. N'ow wh it
is ( IOJ.OIK ) ) to the poopln of this country
.is compired with the corresponding benollts
whieh would at nneo follow. As a result of
free coinngo our mines would bo developed ,
our money would be Increased , our property
would ho brought up to a fair value , and our
debtors would bn enabled to get out from
undnr the harrow which has kept them down
for so many years. Tlmt would bo the oflect ;
that would unquestionably be the result. Wo
would bo enabled to pay olT our debts j
not according to the gold yard stick of today ,
but according to the hilver yard stick , which
Is as legitimate nnd far mor ) honest nnd Just
than the ono contended for by the bankers
and capitalists.
1 tnivo occupied my fifteen minutes , and I
will conclude , making reference mnrelv to n
statement by homitor Sherman , who in an
unguarded moment touched the kcnoto of
this controversy ami the Itoynoto of tuturo
campaigns , and will result , as I believe , in
hru.iklng down the present lines dividing
parties. It is something lumarkablo hero to
night ; Mr. Uosowatur ns n republican nnd I
as a republican should appear on different
sides of this question , both believing sin
cerely in the position taken ; and right in
tlmt connection I might say that it
is also rein.irUablo . that my friend
Bryan , who Is a democrat , and u irood ouo
( laughter ) , sliould appear hero totiiL'ht en
dorsing , ns I behove ho will if ho savs any
thing , nil that 1 have said , nnd adding some
thing in his own effective stylo. Such is the
situation today My friend Mr. Kosow.itcr
will yet witness a great upiislng ot the people
ple on this question. If you will
boldotir oar to the ground ,
\ou will bear a fumbling coming all
the way from Cincinnati ; where
for tint cntorcomunt of the rights
of the pconlo a third party has booh
orgii ! > i/ed | laughter and iipplausoj. This
third pally is going to trouble some of my
democratic friends , as well a. * , republicans ,
for the reason tlmt on the -great , important ,
ull-iibsorbiug ijuestiviavrt is right.
I said n moment ago. Senator Sherman
toucncd a phase of this question that illus-
.slr.Uos to some extent Iho idea I had in
mind. In the course of his recent speech
delivered In the United States senate on the
silver question , ho said as follows "Vou
now propose a law , the logical icsult of
which will bo to establish a now ratio of
value ontiioly disconnected from gold , by
which. 171 'i ' grains of bullion can bo con
verted Into a dollar , and creditors bo com-
pulled to talcu it , mid thus lose tlio dilTereueo
between the present standard of value and
tlio arbitrary price you put upon silver , "
Now , that is exactly whni the bill pro
viding for the free and unlimited coinage of
silver proposed to do It proposes to nnnblo
the debtor to pay his debts according to tlio
coin that was prescribed by our forefath
ers , and In exact accordance with the law
that was pioparoil in 17I ! ) by llamiltoi : , en
dorsed bv ' Jutleraon , and approved by Wash
ington 'That is the law now proposed , and
it is the law that will finally pass.
1 hope and believe it will become a law nt our
next congress , and I believe and trust that
my friend Hryan will stanu up mid inaitc a
miinly.llght for it as I ondcavoiod to do myself
In the Filtv.Jirst cougiCbS fGreat applause j
Mr. K Kosa water spoke as follows
Mr. Chairman , and gentlemen of the Sun
down club. If thcro wore four or live hun
dred poonlo assembled In the city of Omaha
who contended that the moon was made of
gieun choose , and only fifty people should
have the manhood to differ \\illi them , ! doubt
not thai thai o would bo a great mnnv politi
cians le.uly to say that the moon was made of
green cheese. [ Laughter nnd applause. ] I ,
for ono , will not caio what the mutterings
from Cincinnati are , nor do 1 euro how many
people are infatuated with the delusion as re
gards U D benefits to bo derived fiom fico
and unlimited coinage of silver.
Tlie question should really bo divided Into
two "odious. Tree coinage. what does that
mean I The coinage by tlio United States
mints of nil the mutul known as silver when
presented nt ai.y United States mint shall bo
coiuortod into coin without charge to the
owner. Fur every i)7l ) ' 4 grains of such metal
the owner Is to receive one dollar of legal ten
der com convertible nt his own option into
either gold or gioenbacks Why should the
government of tlio UnltodStatos com bullion
for tlio benefit of the owners of silver mines
without chnruol And why should they have
the bunellt of the ditlei'tmco between the
maikotaluo of tlioir metal nnd the faro
value of the coin j
Wo know that , i very large percentage of
the money that really circulates among the
people Is in the shape of nickel five-cent
pieces Ninety-live of tboso nickel live-pout
pieces weigh one pound and they amount to
S-1 7. " ) In the currency of the country. The
actual value of tboso nickels In inotnl is only
h."i cents Why should not the owner of ovorv
nicKel mine , or the owner at every pound of
niekol in this country , nnd in nil tlio countries
on tlio earth , have tlio right to go to tbo
United States mint nnd have those nickels
converted into coin and circulate Ilium as ono-
tuentioth part of a dollar in the United
States ) \ \ by not , also , lot the product of our
copper iiilnos bo oineil into pennies nt a great
prollt to the copper bnllionuliosi Tlmt ques
tion , poihaps , will not bo answered by my
friend.
Hut , passing the question of frco coinage ,
nnd assuming that the cost ot coinage to
Uncle Sam is only \ ) cents upon every dollar ;
assuming that It is light mid proper tor the
government to perform thu same function for
the .silver dollur that it does lor the gold and
1 wimt to call your attention right hero ttmt
only lives niul tens and twenties are coined in
gold , and , tllerofoie , where the government
would com twenty single dollars in silver it
coins only ono single gold com SiO in value :
assuming , then , tlmt the government should
give that privilege to anj owner of sllvor , 1
want to know why the coimuo of thai inotnl
bhould bo unlimited I Unlimued means In any
quantity that may bo presented at the vari
ous mints ot the United States , nnd If those
mints nave not the cap.iotty t > i coin nil the
mutul tUui Is uivsimtoil , tbou to h ivo as many
moro imnt.s ott.iblishcd nmuy bo ncoded , to
co-.Nort overj pound of .silver presented fur
colnago into silvc ( dollars.
Is there any reason why this should bo
donoJ U'ho will bu beuolitod , and to what
extent will the country bu at a disadvantage *
These are questions too serious for any trill
ing , oven for political uamuaigns | laughter ) .
It Is u very serious , question whether anymore
moro sllor dollars should bo cuiutnl at tno
present time by the United Statennd a
Bie.it .many woll-informud llmmoior.s will
agree with mo that tlierd is no need of coin
ing any moro silver dollar. ) them thuruoutd
be of eumlnir any moro pennies. Thu oouu-
try U fully supplied with all tbo silver dollar
larilia * can possibly be placed in actual cir
culation and ever ! C > iOiKOOi ) ) ) silver dollrus
are la } lug in the United Status iroismy.
Kaeti.ilvor brluk that is now stor'ilintlio
Unuotl htutos treasury lias the stamp uf its.
\voigbt upon it , and , if each brick was equal
lo iuo , the coinage of the bnc.lt into sin lt\
dollars \\ould bdhbnply u wusto of energy
and utteilj usuless as a moans for iucroacliig
the currency , for tiio reason that the govern
ment , tmdur tlio law already passed , will
print UKi paper dollars for the .silver mul that
pap--r is uhvulatoil lust thoanmo ns anv ether
money circulates ,
Uoforo dlHCiisalnir tlio oiToiits of unlimited
coln.u'o of ailvor , lut mo n > vert to the assur-
tlou of my frit nit ttmt there h not enough
cununcy in this country , Tlio usual talk
among jiollticlims ami among thu unthinking
miissLVi U that the currency ot
thK country should bo based
upon tbo number of dollars per capita. Now
1 contend tliat the sUe or tbo population bus
no bearing whiituvoi- the
whiituvoiupon neces
sary volume of cuvrouoy , either
In fold or silver , or pa por.
I contend that the volume of cuiivuc } should
J be bnscd upon tbo volume of business , anil
to' ni > on population
If for lustaii'-i all the Inhabitants of the
t iiitod States \vore Italians and Hungarians
nn 1 I'olumlers. wlioio board , clothing nnd
living expenses do not exceed K per \vpok ,
does any rational man contend they would
nuoj as much eurr'ucy per etiplln ns Ameri
cana , wboio smallest amount wojld bo $10 or
SJ ) orH par week Tne quantity of goods
consumed , tbo volume- buslmm donn. must
nocpssarlly gauge tbo amount of currency
needed.
In HM , when the Volume of piper money
was very largo and the credit ot the United
Htatos very small , It required not less than
three time ) IH much money to transact an
equal volume of business as it does today.
At , that time n Wont in that bought a dro-ts , a
e.ilI'M dress , at I ) cents a yarJ , h.i I to p ly $ "i
in n retail dry goods store for the goods thnt
she can now buy for Ol ) cents , so that U )
c'Otita will do the business for that woman
that $ ri did In IsiM , nnd so on through the entire -
tire category of trade and tralilc.
Tno shi'inkavo In the oo t of article. * of
production niso nas reduced the domain ! for
an additional amount ot currency. Hut lot us
see When I was ever in Council lllulTs
talking to the farmers' oongiess on this
question. I said
"Who is it that says that tboro is not cur-
roiicy enough in the Country ted i the busi
ness ? " And seine old farmer called out , "I
say It.1 And I said to him , "My friend ,
inasmuch as you probablv never have tiono
muio than a thousand dollars' worth of bust-
nojj In all your life , how can you toll
whether there U enough cuircncy to go
around In the whole United States' ' ' [ Laugh
ter. |
To ascertain whether tbo volume of money
In this country is sulllciont to meet the de
mands of tr.ulo you must go to the clearing
houses , the banks , iho largo Jobbing houses ,
nnd tlio trade centers of tlio country.
And when It comes to talking ns to the
relative volume of monnv and business , let
us compare how it is in Iliijhinit and how it
is in the United Slates , In Kngtnnd , with a
nnpulation ol about onc-lmlf that of thu
United Slates , the volume of business is
very nearly us large as it is In thu United
States , anil still they do their business with
nbout one half of the currency. During tbo
past four years , Amorlc i has added to her
store of gold and silver coin 110 millions of
dollars , while Kngland has added (7 ( millions
to hers during that same period. So , thun ,
so far as the volume of money necessary to
do business is concerned , the fallacy that Is
constantly reiterated all ever the land is not
Dome out ov fact.
Now lot me get bieb to the silver dollar.
My friend Council says that the IMIMO of iho
shrinkage in the market value of tbo sf Ivor
dollar has been thodomoneti/ation net of ls.7.1
nnd ho assorts that tbo silver dollar has
always boon exactly u dollar of IOJ cents in
the ratio with goltl , from the time thnt Alex
ander Hamilton was secretary of the United
States treasury to the present day. As u
matter of fact there were times when the
silver dollar was worth 61 03 in gold , and the
silver dollar of Is7.t disappeared entirely
from circulation , because Us metal value
was greater , at tint time than tint of the
gold dollar. These silver dollius went tlown
into the inching pot , and were taken out o
"IJut " fiiunii "there
circulation. , savs our ,
has been a conspiracy to deinorali/e tbo sil
ver dollar" As a matter of fuel. It was
inuiely an incident. There was not tlio re
motest idea of conspiracy The proposition
to abimlon the coinage ot the standard silvur
dollar was brought , forward thrco yean pre
viously to its clemonetl/ation by John Jay
Kiiov , comptroller of the treasury. Theio
weie at that ti'iio three different kinds of
dollars ; the little gold dollurtho trade dollar
nnd the standard dollar. These dollars were
constantly causim : confusionbocauso the sil
ver do'lnr ' itself , of 412 grains weight ,
was at that limo quoted at ? 1.03 , and the
trade dollar was even higher. Comptrolloi
Knox , therefore recommended thnt a uni
form dollar bo created , and all the othois
taken out , of circulation. The act of Ib7i : ,
therefore , was in consonance with that re
commendation , anil had been pending for two
years previously ; and , when it did pass , it
created not a ripple , and for moro than two
years thereafter nobody was talking about
"the great conspiracy. "
Only later a discovery was made thnt the
sacied silver dollar of our falt.urs had boon
tampered with , nnd had been legislated out
of existence. Well , how did they take care
of that sacred silver dollar during all these
eighty odd years priori Why ditl they not
make moro use of it in the time preceding the
( lonioncti/ation in 187UJ During thoontito
pi'iiod of eighty years , from the time of Alex
ander Hamilton until 1S7 , ! , only eight mil
lions and a quarter , all told , of the dollar of
" daddies " standard silver dollars
"our , , wore
coined in tlio mints of the United States.
In 1S78 , when that dollar was restored , I
myself favored that restoration as much as
anybody. 1 was in Washington at the time
when it was restored and worked hard to net
our own senator , Mr. Paddock , to record his
vote for its tostoratlon. From tlmt period , ns
I say , in Ib's. . they began coining i.JODtOOU )
per month , nnd they kept on coining $ J,000-
000 per month right along until IS'JO ,
nnd during the twelve years following tlio
remoiioti/ation of the dollar , over three bun
dled millions of dollars in silver standard
dollai.s were coined by the mint.
Iuthat ! has demonetized the silver dollar
lar ! Wnnt hns caused the market diflorcnco
between gold and silvori What has caused
this receding of the two metals fiom tlio
standard of l. > 1 to 1 Simply tlio same law
of supply and demand tno scarcity and
abundance that governs all substances and
nil commodities for gold nnd .silver uro both
commodities , used , ot course , ns measures of
exchange , but still commodities , nnd their re
lative value always musl'bo governed by the
laws ot supply and demand.
Wo will now sea why these money metnls
stood for ISJij during nbout two hundred
yuais. Up to thu time of the discovery of
gold in California , tlio gold and silver pro
duction of the world maintained an oqmlt-
biiuin , and tliu proportions established dur-
im : the icigu of Louis XVI tointunod until
the tune of Alexander Hamilton , because the
proportion of irold mined had not materially
increased or diminished ever tuo quantity o'f
sllvor mined. Then came the period ol the
gold oUcovcrios in IM'.i , nnd gold was pro
duced in enormous quantities. Silver wont
up. and the nilntlvo proportion for the June ,
lit least , was materially changed , and silver
nppiocuitud above the standard ot l.Vj to I
Then came another era -an era ot dis
covery and Invention , an mea of machinery
tlmt has changed the cost of production
of silver an a ot gold very materially
And right hero , lut me sa.v , tliat the value of
the silver dollar , or of the gold dollar , simply
ropio onts the exertion in labor which it
takes to mini ) these metals mid tnko them
out of the earth. No government can ever
fix the value of labor ur of any commodity on
oarth. All It can do Is to tK a lolativo stand
ard of exchanges. Now , the value of a del
lar's ' woilh of liioor was In the silver dollar
for a great in my } oars , Just as it was in the
( fold dollar Hut tliou there ci\mu n time
when thu amount of production of these two
inutiili rovui'sud Itself. With the usu of by
draulto machinery nnd olectuc lighting of
mines the coat of production was very in i-
torully leducod ami production of sihir
oiio"motislj tnciiMsisd. Ton juars ugo , for
instance , the amount of gold pro lueed by
the United Stiuos ranged from . * iOtuo 1,0 lu to
6i5,0lliW ( ) ) ) per annum , anil the amount of : .il
ver about SW.ooo.OOO to $ .11,000,000 nor annum
l''or the last three or four > ears , tboro has
boon proJucod In the United Status an excess
uf ti0MiOOi ! ! ) ) to . iOOlHlO ) ( of sllvor and onlj
$ : WoiH,0.U ) : . ol gold , so that the two motnlsaro
reversed in tlio quantity uf proJuotiiin , and ,
| having lost their relative proportions , they
bavo also ch uit'ed relative uxchunu'o values ,
i I want to illustrate that with u little matli-
emtitual pu//.lo , tlmt was propounded to mu
when I was n school boy. Two boys went out
'
ouo day lo t-oll apples ; each ot' them li < id
thirty , and ono of tlu bojs sold two for a
cent , mid the other boy sold three for a cent ,
Wnun the one boy hndimulu ton hales he bail
ild out all his tipples and got 10 Conts. 1'ho
other bov made llftoon sales and ho had 15
cents , lloth together reall/od il cents for
sixty applos. Thu next day they con
cluded , inasmuch ns they had sold
tlium for tineo for n cunt nnd tuo
for a cent , that they would pool , m iklug llvo
fur two cunts ; mid they vveut on and gut
siuy apuU's again , and sold them llvo lor
two coiil-s , ami when they Inul got thruiitrii
selling thuv only bad xil CKIIU.
'I'liuro was ono cunt Ion. Wimt bociimo of
that cant ! | ( ! reat laughter. ]
They trletl It again , utiil ono ot thorn
bought forty-tiro npplos , nnd thu ether
bought thirty , and they began soiling nguin ,
two lor ono cent , anil three for ono cent , ami
when tha ono hnd made lUteon saloj no Inul
got lr > cents , ami when the other muiu ;
tlfteun salon ho had 15 cents ; thov had
sold seventy-live uppluj , nnd they had 'M
cents. They turned around and IOOK seventy.
llvu npplas m < suld them out , llvo for two
cents , und tlioy. had UO omiti. [ Ijuugh- :
ttsr ) '
How no you oifylnln tbo divergence be
tween Uiu sates at tlvo for two cents and the
divulnu' llu * U ua ily uxpKnm\t Wlicu
\
\
the fltst boy had mrulo ten inlos nt thrco fern
n cent , ho had pot through , nnd solii out
The ether bov hrul alno m.ulti ton mues bv
tno time tbu ilr.U got through , but he still
had ten nppio * loft. Now. If ho sold Kioto
ton npnloi nt , the regular U.iiuliini urko , twofer
for it coat , ho would jjat flvo eoiit for thorn.
If ho sold thntn nt flvo for two conn , ho
would got only four Now , thuro Is where
the penny wont. The moment tlmt the ono
bov pot through aolilns. nnd ttio ether ono
was still soiling on , thorn \vi * u divergence ,
the ratio of two to threi > win brouoii. The
npolos wore not llvo for Uv i cents , thovvoro
only two for n cent , mid soiling them nt llvo
for two I'titnlled the loss of the penny.
It Is the sixmo with thfip mntal * , so lone us
tbo quantities of prodnrtlon on both metals
continued at tno olu rntlo : so Ion ; ; n * wo pro
duced slxtv millions nf < jold on ono side , ami
thirty millions of slUor on the ether , the
ration of l.V , , or 1 was mnlntntned : but
when vou nn-orso the ivw llttons , and you
h.ive sixty millions of silver nnd o"lv thirty
millions of cold , you cluunjo ttioij relations ,
and pold IIOUOM mrlly nppreclatoi seine and
sllvor dcpreolatos a gro.it < lo.il.
So , thuruls HID uxplnmitlon , In the naln ,
as to the divergence of thc > o two motaU ;
but wo will co fnrtnor and admit th.it . tno
( lemonoUrntioti of stiver In the ether cottn-
trioi abroad , by the skitiM in the lutm union ,
1ms had a temli'iiuy nlso to deproclnto 1U
prluo in a standard , and tMnsniiuanlly the
supply now exceeds the ilom.mil whllo pro
duction Is steadily Incro.islm ; . llioro is no
doubt that if wo could ru-o-ttablisu an inter
national standard of coin so that the silver
dollar , perhaps not with lU'j ' grains , but
with a suuk'lcnt tjuimtUv that would m.xlto a
stnnilnrd In all Iho world , shall bo oveliaitRO-
able for the ( -old dollar. In that case silver
nnd cold could bo maintained on a jnrlty.
Kvon tin ) United States would not bo Justified
in unlimited roinaso because there is no need
of rolnnitf all silver bullion into dollars when
silver cortilioaU's will unswi" * the ptlrpoii1 ,
but the real d inifcr of unlimited coinage Is
tlmt our currenev would bo the silver stau-
tliiril The constitution has made gold nnd
silver tlio constitution d money metals not
gold alone or silver alone.
If wo keep on at the ratio thnt wo have
hern going in the coinage of silver Wo will
necessarily drive out nil the pold in duo
conr-io of time , or bo tumble to redeem it in
anything but silver or silver cuireucv.
If tlio free coinage of silver was adopted by
congress nnd the doors wore thrown open not
only to ttio people of the United States , butte
to the people of all nations , if a bonus of & > to
DO cents on the dollar olTered for sliver
Is only ' .IT cents per ounce today ,
and If wo aio going to pay them 1 'J'.l per
ouncn In currency oxchnngablo on demand
for gold the bulllounrlos of every country on
the globe will bring on tlieir bilvor and take
gold out of our treasury. Then wo will be
upon the silver standard alone It is un
doubtedly true , as my frioml says , that the
debtor class would then bj nblo to got ad
vantage of the creditor class to the extent of
S"i or : iO cents on the dollar
Hut , is that honest ! Is that the w.iv that
debtors should discharge their obliiMtions !
Uould the credit of the nation once destroyed
bo restored , no matter how much prosperity
vou manufacture for the people for a little
dme3 For , after all , prosperity is not to bo
maintained simply by having an abuml mco
of what you call moncv , but by an abundance
of products out of which you get the moncv.
Why is it that anybody , today , is short of
money ! Is it because there is not money
enough to bo had or borrow odor mined by the
mints of the United StateIs it because
our farmers have failed to have a surplus of
the products which they have to sell , and for.
which money can ba gotten [ ApplauseVo !
are told that this country is constantly being
alvpstcd of its currency , and that there Is a
great shrinkage in available money going on
nil the time , and the debtor class is being con
stantly ground down hnd down and down ,
for the benefit of the creditor class. I belong
to the debtor class , and always have ever
slnco I can remember fljnuchtor ] , and mv
sympathies are with the debtor class , but I
cannot close mv eves to stubborn facts.
Here aio some facts : On the resumption of
specie , passed .lanunry 1 , l-jT'.i , the stock of
gold coin nnd bullion in the country was esti
mated at SJTVHO , HiO : silver , SlOO.fiTti.bU ! ,
legal tender not-a , $ lliit , M.01fl ; National
bank notes , S'21,701,074 ! ; total currency circu
lation , $1.050r , : > iiilt ( > .
Tlio following is a statement prepired by
the treasury department of the stock of
money in the country , coined or Issued , in the
treasury and in circulation , Muv 1 , 1S1H :
dold unlii $ ( M ) , ( K40-i
.St ititliird siUordollurs 4J ( ) , ' > li.7 :
Subsidiary silver TT,1),1 ) ! ! ! ! , !
Ctnlil ( ortfllfittos W > , l > n.'m '
Slhoi coitllleatcs KIO.UUM"
fa. II tic isuiy notus 41,7.11 ' . ' 00
I'lilti'd stilus no'pi IIIO.I.SI.UIG
National ban ! ; notes I7H-llU7y !
Total . SJ , 140,1 1,091
In the year ended April ; < ( ) the stock of
money in the coutftry increased ? ss71,0ij. ; !
This leaves , however , the silver certillcatos
mid ttio gold certillcatos included. Deduct
ing this , tboro are in circulation in this coun
try at the present day or there was on May
iiU-n total circulation of ? li1ii'S.l'- ( ( ! ' ' : i7 I
have figured it out as ncr capita. Including
the certificates , the per capita of the United
States at the present day , computing the
population at lit.000,000 , is ST1GO ; omitting
silver and gold certidcatcs , the total per
capita is ? 3UM ( at the present day. Let us
examine and see how it was in these good
old democratic times of which some of our
friends are hoisting constantly. In 1S51 the
total per capita circulation was only $17.01 ,
in I85i. ( ? l. > . ( b ; in Ib.'ii , during James Bu
chanan's administration , it was only S11J7 ! ,
In lbC.0 , 51fl : : i ; in ISO. ! , SU-JOlt ; in Is7n , when
specie resumption took place , wo had only
S17.03.
Now , It has boon steadily going up from
1ST' ' to the present day , nndo nro con-
stui.Uy gnininu In circulation , so that tlio
gain since rosumution , the increase in
the coinage of this country in gold nnd sil
ver is $72-J'iTO ' , Ui In other words , in is7 < i'
wo had j7 7(1 ( of coin currency per capita. In
isil wo uavo $17111 coin rurronpv per capita
\Vo have three time * as tmiPh silver and pold
coin In the I'nitod States nt this time us wo
bad In tdtti , and yet tnoao people will tell
you that tupro is a constant shrinkage in our
coin i Irculn'lon.
I want to will your nltontton to another
thing The gout Ionian lm st'ited tlmt free
comngo would not In the least atToct us as re
gards ether nations. He has undo a siigiit
mistake in reif.ird to Franco Ho says
Franco has u ciivuhitlon of f " > 7 per capita ,
and if all the silver in the world outride of
the United State * was over there In France ,
they still would not have a sufficient amount
to go around at the present ratio of p r cap
ita. As a matter of fact , as 1 understand
that -I do not want to mUquote him-the
pjpulatlon of Franco is nbout thirty-eight
millions , nnd If each man , woman mid child
had $ ' > 7 In sllvor , It would have 2,000U'il ( , < KK ) .
Mr. Lonnoll--Vou misunderstood my prop
osition , it was tlmt If all tlio silver of the
wotUl was dumped licro in tlicso United
Suites and divided up , we would thun have a
loss amount per caplt i than nt present exists
in France , which Is ? . " per capita. That Is
my statement.
Mr UcHew.i'.ei" you had all the silver
dumpidhcio you would have tlneo billion
live hundred million. Hut Franco only bos
{ H per capita in silver and S10 per capita In
gold and paper ciaroncy. You could supply
Franco with loss than two billions.
Mr. Council Hut you cannot supply
America with that.
Mr llosowator : - No , wo do not need to ,
because wo have on hand ( iJl millions of gold
Independent of over lo : > , OOiKh ) ( > silver dollars
and over looOtKKH ) ( ) In subsidiary and wo
should bo comfortably well oft all the time
provided that \\o had a surnlus of products
to sell products of our hands that wo could
convert into monnv. Hut , if we have noth
ing to sell , no matter how many billions of
silver dollars wo might com our fanners
and woi'kingmou would bo no bettor oft.
The mine owners mono would have tlio bone-
lit , and my friend , ( lovernor Anthony of
Kunsas , struck tliu key note when ho said at
the Doincr congress last week tlmt , while
the palitial nnd monumental blocks of grnnit
and brick in Denver had been built oy mil
lionaires who had made fortunes out ol min
ing It occurred to him that wc.dth might
have been divided moro evenly between the
men who worked the mine anil the owners
who speculated on their labor.Vlulo the
mining industry was making the millionaires
richer tlio wages of the miner nro gu.iged by
the law of supply and demand by the standard
of wages on tlio labor marUot.
Now , I think all of us are ngrooti that wo
would like to have as mui'h money us caff" begotten
gotten honestly , and as much mono } its can
bo produced and circulated as such , but wo
want n sound currency , that is , a staolo cur
rency , a currency conveitiblcpapor into
silver , silver into gold ; but tiny attempt or
any law that would disturb this condition of
things endangers the financial condition of
the country , will wreck its credit , and de
stroy the prosperity of the American ucoulo
instead of making it better. If you coild
nuke the people of Nebraska and of the
United States prosperous by issuing billions
of money in anv shape , manner , or form , I
would like to do it Hut the mere prmtmg
of paper money , or the shaving down of the
value ot the purchase power of the dollar ,
does not constitute wealth. We.ilth must begotten
gotten out of the soil and bv the labor of our
hands. The government of the United
States cannot cieato ono ( limp's worth of
wealth ; it can create debt , and that Is all it
can do. | Applause | The people must
create the wealth by their labor , and they
must dig it up out of the earth , or got it out
of our mines , or get it out of our f.ictoiios
The government can only create debt , and ,
no matter how many dollars it can issue , it
cannot improve the prosperity of the nation
| Great applause J
tinby wan sick"wo RRTO her Ctatorla ,
? f hen Ethe was a Child , ho cried for Castoria ,
When she becrune Miss , she clung tn Ciwitorift ,
tVbea uliu had CiilldrhU , eUo gav < i thorn Castoris.
\ > 'o make more porous
plasters than all other
mukers In this country
combined , because the
pnlillu appreciate the mer
it that exists In our Roods.
IIKKSON'S Is tlio only mu-
illchul plaster for house
hold use , nil others being
ttcak Imitations. Get the
Gciiuhu'
OFFENSIVE FEETJsSttB
with a Harmlen Ketnedy. Send stamp for ptirtlcolari
4 > I > OEtU'l'IC \ llF4..4'4ft.337 Vine Cincinnati. O
1 emile U tans , the most power ful female regulat or Per
fectly fj fteterTall. ga.po&tpilil bend ? c ( ila'np ) for
[ atliculai ] . AJdico l.ION DRUG CO , liuflalo N. Y.
Tor sale by lioodman Diu L'o. , Omaha
. . -.jrpiiliie , CI.'iliil
_ . . .
I ' A M - .F - * cured In ItttoStktlaya
HnpartllUured DB J OTEPHtNO.L l uon O
Calrhntrr'ii Knellnh Diamond III and.
Or'alnul ' nnd * fnly fJcniilnc.
alwaj * ri liable LADIES a k
f t for Plfcftfifcr * J-uylnh I' '
niilo.1 wit1 ! Muc riMmn 1
, no oHlir. Jiff HI f tlingtroui intmt
nnt i > t ni MDrUKtfttrsnnl ' IP.
mpi f r ariicuUn l Um inl l auJ
lKt for LuilliN. * ' < nMr/r Urtlurn
Mull Itt.OOO 1 UnonUlA A'irrtr / i , r
terlnsmkul < u > AtiiilI un uuurt1 ,
' *
We Believe
That S. S. S. is without An
equal as a romotly for mala
rial poison. It cleanses the
system of all impurities ,
i st'iTiiunn rein M\US :
WITH MU.VItf.U. I'ONnS.
MY Ai'i-nrm ; i'Aii.ii : > . AND
1 WAS tJUIIATt.Y UKIM ClU ) IN' rt.KSU.
/ TK 10 Tft ttcRCUnr
/JAD fOTCH TI > t\TVtNT \ ,
4ftO COMlHVtti TO KtT WORSE
UftJlL LIFE JIAO LOST ALL C//-4/JW /
B s s , MAIM : A coMn.im :
AND rr.UMIMIS'l I'l'ISP. , AM )
MY iiivirn ; is iiKrri.lt NU\V
IH\N I'r iviu : : WAS
i J. \ lllt'I' . OrrAWA , KAN.
i , Honk on blooilmil Skin < linfl UPS * froo.
Tlio : wilt Sioill | Co , At mtu Ci :
Lie big
EXTRACT OF BEEF
"IN DARKEST AFRICA , "
"By Henry M. Stanley.
"Tlin t.lohU I'otnpnm a Ktlrni t win ul the oil it >
Ut ' I'fttfO It. \1 I
' l.lclili : tin.I MUM ! N < mp. liiul 1 lu * pri'piro I tti inl
tleltml iuiiiitltli ) - > lo i < r\i > mil i n pi ul I. , en li no.iV
owil man in ln Nttiwrt'il in I'ui'si \ ol I
1 tlnii M nil mminuil to irinlneni tin i"nt
II o Mat at oiu'e hnrni' tu i llri > un.l It lit I Hi In it TIM
InclllM uf It mil nlltl llu ) ililltliin i I iipnituflt
Iniitli uiailo friMii the lilil'lu ' < niiipnm rxtruit .
] li-cf n ie l"ieil lilnil.'li ' l s n os 1'ai.ii o , Null
ticniilne mi v n Hit
f ic sinHi , of I V IN
l.u inn M i.'n ituri In
blue tnl\ u i > - lnhc ,
t bus
YOUKTG JMHSMVQLD MEN
QIT It ! THE TO'tS ' OF THE SERPIKTS OF DISEASE.
The ? maue heroic efforti to free themielvfi ,
c * . but not hnov.lnR lio-.i to iticitiilallsr
CfVJSHAKEOFFTHE HORniD SNAKES
tb'-T HITU up tn J. HI Mr nn I .Ink Into nn f vlr
TV OUR NEW BOOK
rent frrr pall
. '
tberliUoiophj'oIDIital-
( i and ACllctlnnl of tH9
rT n of lUn , nJhowb/
HOME TREATMENT ,
t > ym * tholi fxcluilvely our
own , * h * n n l * n rMOI
Loit or Falling ilanhooil.
O > nnr l anil N tvon > D -
Mlltv. Wfaknen of BoJy
andMina Eflecti of Error !
or Eiccucn. Otuntcd or
BhrunVun OrRtni enn rn ' rrl ; " ' . " ' . .UVri oprn
HowtoCnlarseandStrenRthenWEAK VWDBVEtOPrp
.
OKOAHSaPARTBofBODYmadBrlllntoalllnUreilefl.
iltn w.ilfr fr.-m n Slit. , If " ' ' ' I V > < < > t" ' " ' "j * "
Ton. . iin will. Ihom F. r Hook r 11ptp < > n > il m " I prnph JI"1 ;
ERIE MEDICAL CO. BUFt-ALO.N.V.
_
nil appetite , lnilliilion , I l.ilttleiire , Mi li-
Ileiiilrulie , " .ill i mi < lnu u" ur Iii-in ; IK'sli ,
ytitt Mill Inul
( nut A\ lint j nil itiTtl. TlieIOIKI up 1 ho wouk
stoniiu h und lullil ! iiiillKill.igKiiiKenorKleS'
MU ) ) Mi.llAh , Iuu I , i
Sweet
Chocolate ,
The most pop
ular s w o o t
Chocolate in
the market. It
in nutritious v
and palatable ;
a particular \
favorite with
' t
childrenand n' { .
mostcxcellent it
I article for fam-
y use.
Served as n
drink or oaten aa Confectionery ,
it is a delicious Chocolato.
The genuine is stamped upon the
wrapper , S. German , Doichester ,
Mass. 4
Sold by Crocors everywhere.
W. Baker & Co. , Dorchester , Rlass.
8THMA
Schlffroann'q Acthma Cure nevor/cii : ; toglvo
inst < int ntirs la th worst caos ; tavurcn com *
cl * p ; effects cures vlicronllothors tail.
FRENCH SPECIFIC.
, , A POSITIVE andparmanunt CURE Jor all
dlsoascsollheUHtNARY ORGANS. Cures
ivhoro oilier treatment falls. Full directions with each
tiolflo. Price , ono dollar , boo slnialrrc or E. L
For 8ao ! By All Druggists.
lo not plotvunt to tnlco , ns ! la roni-
posed of nil the modlelmxl quail Hog
tlmt go to mivko now und nth bloo 1
without oompolllns the ootisumor to
$1 A BOWLE FOR ONE-THIRD SYRUP
which oun bo bought any wlioro for
thlrty-flvo o nta a nation , as all s.ir-
nparlllnn aro. 13EGOS' BI.OOD
PUUIl-IBRaml BLOOD MAKlill la
composed of pure niodichio , a id ill-
Iowa the purchaser to add nyruo
which Is advtso.l whoa glvoi to
children.
If your dniRclst tlnos not Krpt ) It ai'oppt nn
ullHtltiiti1 , but order dltt'i't fro n lti 4 Mf
Cii. Illi I'lT ' Mlihluiiu M. < hlfigo. III. nn 1
thrV will fiirttiiMl. i'\iicss | | iitiild ] , nni' ' lint-
llo foi il urilx fin f\
SkflVvv
V L 'jnjli ' ! !
; Ti W@r ?
4 iM
fa
/ / Ul
She Saved Her
MONEY ,
Ami in inn IMII K ul lluiiii'kiMTor ijr iilir ir li IT
CAMPBELL'S '
VARNISH STAINS.
I hi1 nlin tn tr c \ or pindurod \ \ Kit whit li 11113 [ Hr
M > ti inn ni Hll ht ipi iiso mul hy nun u | > plti * ttii u
roMiim nnd \ in nlsh hl i linuittcr * oN Hiiro.iiiHod
HUaiH ( hiiliH 1 it. . | , 1)r tir-taiiil ill kliuN nl.unl .
u ik hi liiMutlhil lint > 1 ( III Uin \ \ AI M 1' '
M\ll'H.\S\ ' Ito KUtinn O IK \iu\lil.lON ;
pnuml w ill u t tat 11 ami tlnU'i n r-t't ul < luili H uml no
pint will ul In ti lh r.mon , i t h nuh M * ol P"i rUH
' .n 'ijinirl t . I'm1 K.illitn it mniliti ; tit * * t7i I'ttioi
IIA I h PINT"itN . PIN I * .Vt' ) . Ul * li itilHuii | ) rii |
( * ( ( iin.'iliii VVholo jvIo AKi'DlM
ItuVAl , MAI I , .sTrAMMlll'- .
MONTHEAL .111 I tJUl' } JEC
To DEHUY und L1VKH1OJL
t A HIM. f" > U In NI A i nnlliiK to hti'nini'r '
mil lur iilon ul -l m loom
InliTiiifillatiMinil stt-tM i > ri > t Imv rntt-s
' ' . AKIIIII : )
MI i vi'i'i.i : i
A K 1 . A N I v 1 S t-'k
LINK I s M\M-IIIP.S :
IsT\V YOE C nncl uL.\ O\\r.
\lal.unilohil irt \iir\ \ I ortnlklil
UlllM IN ! \ | ' | ( II NM MIA S At. .
S h .M.tyTK ! IJ. M.IIIIASKA. 1 I' 11
Hill . .Illli"I V I I III I.I Hilt , 1A M.
CA111N , $ j nii'l ' ttpniiriU Ili'ltirn Ji.'i imil tipnnnls
Slniini o at ln nilns
Apply t II \ \ Al LAN Jl ntrt'cil , ill to
II I' MOOIU's \W \ < I'lirimnt * ! Oiniliii
Ptionoiine
CURBS
Ooli ! : in the
a Head
0) ) by one applica >
enJ3 Catarrh CjQ
J3 ID v ry thorl 2
J3H turc. 2W
0 Hiy T v r
0 from thrrc tofivt tnw
0D tnM
Earachs M
instantly.
SOe per Bottle.
r Ce.
Eobli ) Nerve Tonic Pillg
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AWD RESTORES THE NERVOUS SYSTEM
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HOBE3JS MEDIOINE CO.
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SAN PflANCISCO , GAL , CHIC/.GO. Itlj
HENRY f President. AUGUST UHiLEIN , Secretary. ALFRED , SuDerintendent.
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KEG-BEER BRANDS !
BOTTLED-BE3B BBAUDS :
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P7ISEAr fl , P1LSEK1SK ,
WIENER , EXTRA-PALE ,
ERLANGER ,
CULMBACUER. EXTRA-STOUT ,
"SCIILITZ-BRAU "
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AWNUAL CAPAC5TY : OWE IVULLEON BARRELS Oi7 BEER.
Schlitz Beer is sold the World over and has a world-wide reputation for being the best ; it is warranted to bo pure , who/esomo /
and palatable , and brewed from the choicest Hops and Barley-Malt.
APPLY TO K. R. GROTTR , lO O Furnmn St. ,
