THE OMAHA DAILY BEE ; WEDNESDAY , SEPTEMBER i.j , isos ,
RODCn ON THE JOYCE GIANTS
Baltimore Goes to Now York and Takes Two
Gomes Quito Easily ,
LOSERS SCORE ONCE IN EIGHTEEN INNINGS
Kltunii nnil Nop * Entlrrlr Too BIncli
tor ( lie Olil-Tlme SlnKKcrn CliienRO
White wnuli CM IMtUiiurif uud
riillndrlnhla Dents Uontoii.
NEW YORK , Sept. 13. The Orioles took
both games from the Giants. The first was
won by opportune hitting and good base
running. Errors nnd Inability to hit Nops
lost the second game. Score first game :
NEW YOllK. BALT1MOHC.
U.H.O.A.U. IUI.O.A.U.
V. Hal'n , K..O 2200 McOraw , 3b..O 1 0 1 o
Heymour , cf.O 0100 Kvcler , rf. . 1 3 1 0 0
Joyce , 2b . . .0 0 13 0 0 Jcnnlngi , ea.O 0661
IVntcr , M . . .0 1131 % elley. cf . . .I 3100
l > uyle , rf . . . .0 2100 McQann. lb.0 p 15 0 0
Olnason , 2tj. 0 0 4 0 lulrm- * . K..1 1110
llnrtmon , 3b.O 0 1 i 0 erncmt. 2D..O 2060
Warner , o . . .I 1 3 0 , rke , cf..O 1310
3lu le , p 0 0031 .tson , P 0 0160
Totals . . .1 62717 ij Total * . . .3102718 1
New York 0 0 0 0 0 0 1 0 01
Ualtlmoro 0 0 0 1 0 0 1 0 1-J
Earned runs : Baltimore 1. Stolen bases :
Kceler. Kelly. Two-base hits : Kelly , War
ner. Home run : Kelly. Ooublp p ays :
Domont to Jennlncs to McfJatm (2) ( ) . tlrst
Jiaso on errors : New York , 1 ; Hultlmore ,
I. First base on balls : Oft JHson , 3.
Struck out : lly Hustc , 3 ; by Kltson , 3.
Passed ball : Wurncr. Left on bases : JMCW
York , 6 ; Baltimore , 3. Time : Ono hour
nnd fifty minutes. Umpires : Swartwood
und Warner. ,
Score , second same , game called on ac
count of darkness :
NUW yonic. nAi/mionn.
n.ii.o.A.n. n.H.o.A.r : .
V. Hal'n , lf..O 1210 McOraw , 3b..l 0010
Keymour. cf.O 2101 Kecler. rf..O 310'
Joyce , Ib . . . .a 0700 'Jennings. ' Bs.l 1130
router , M . .0 0 1 3 2 Kcllcy , If 1 1 0 0 0
] ) oyp | , rf . . . .0 1000 Mcdann. lb..l 1700
- , 2b..O 0 - - - Hughes , U..O 0 J , 0 0
Ilartman , 3b.O 1 Uemont , 2b..l S 3 0
AVarner , c..0 0730 lloblnson , c..O COO
Uohcny , P..O 0011 Nopa , P 0 0 0 2 0
Totals . . .0 6 21 13 8 Totals . . .5 9 21 D 0
Now York 0 000000-0
Ualtlmoro 4 010000-5
Earned runs : Ualtlmoro. Stolen bases :
Kcclcr , Doyle. Two-baso lilts : Demont ,
Itoblnson. First base on errors : Balti
more , 2. First base on balls : Oft Dolicny ,
3. Hit by ball : Ilartman. Struck out :
lly Dolicny , 7 ; ' > y Nops , E. Left on bases :
Now York , 6 ; Baltimore , S. Tlmo : Ono
liour and forty-llvo minutes. Umpires :
Warner and Swartwood. Attendance , 4,000.
OriilmiiH Take Some VeiiKcn" : c.
PITTSBURG , Sept. 13. Plttsburg got only
ono man as fnr as second base , and ho
reached It In the ninth inning. Woods
Kttvo ono lilt In the second and ono In the
ninth. Hla excellent support saved him In
many Instances. Attendance , 1,200. Score :
I'lTTSUUUa. CHICAGO.
JUI.O.tt.E. IUI.O.A.D.
Donovan , rf.O 0100 Ryan , If . . . .0 0600
( Vllrlen , cf..O 1200 Green , rf . . . .2 2100
McCnrt'y , lf.0 0000 McCor-k. 3b..l 1200
Clark , Ib . . . .0 1 IB 0 1 Dahlen , us . .0 1 4 3 1
dray , 3b , . . .0 0240 Everltt , lb..l 2700
1'adden , 2b . .0 0 2 6 0 UinKe , cf . . . .0 1 3 0 0
Ilowcrm'n , c.0 0 2 S 1 Connor , 2b..O 0 3 6 0
iiy , AS 0 0 3 G 1 Chance. C..O 0000
Gardner , p.,0 0000 Wools , p . . .0 1210
Totals . . .0 2 27 17 3 Totals . . . * 8 27 10 1
FlttsburB 0 00000000 0
Chicago 2 01001000 -J
Earned runs : None. Stolen base : Con
nor. Double plays : Ely to Paddcn to
Clark ; Dahlen to Everltt. First base on
balls : Off Gardner , 1 : oft Woods , 2. Hit
by pitched ball : I'adden , Struck out : By
Gardner , 2. Tlmo : Ono hour and forty
minutes. Umpire : Emslle.
ClmmiiloiiH Let One Go.
PHILADELPHIA , Sept. 13. Boston
played a sloppy fielding gnmo this after
noon nnd Philadelphia won easily. Thn
locals tlcldcd faultlessly , und their few
lilts were made when they did the most
pood. Wheeler was released. Attendance ,
2,253. Score :
1 Totals . . .3 9 ! l 17 4
Philadelphia 2 3000000 f
Boston 0 11000100 :
Earned runs : Philadelphia , 2 ; Boston , 1 ,
Two-baso hit : Douglass. Three-base lilts :
Orth , Collins. Sacrifice lilt : Orth. Lefl
nn bases : Philadelphia , 4 ; Boston , 7 ,
Struck out : By Orth. 2 ; by Nichols. 2
First base on errors : Philadelphia , 3. Flrsl
base on balls : Oft Orth , 4. Umpires : Onff-
noy and Smith. Tlmo : Ono hour and forty-
live minutes.
STANDING OF THE TEAMS.
Played. Won. Lost. P.O.
Boston 123 SO 43 ( "if
Cincinnati 12fi 7D 47 C2. ;
Baltimore. 121 73 46 G2. (
Cleveland 121 70 si 57. :
Chicago 127 70 67 BTi.l
Now York 124 C8 r > S 5.1.1
Philadelphia 119 CO M r,0.-
Plttsburtf 12 K3 G.1 50. (
Loulavlllo 12G Bl 72 42. !
Brooklyn 11B 4rt 70 si. ;
Washington 123 41 S'J 3.1. :
Bt. Louis 121 31 80 27.
Games today : Cincinnati at Baltimore ,
St. Louis at Boston , Louisville at Brook
lyn , Pltlsburg at New York , Chicago al
Philadelphia , Cleveland at Washington.
SCORES OP TUB WKSTI3HN LEAGUE
ICiuisim City Taken n Doublc-IIcnilei
from Culumlttii Knully.
KANSAS CITY , Sept. 13. The Blues took
a double-header from Columbus today by
superior stick work and good support in
the field. Score , first came :
Kansas Clty..l 0223012 li li '
Columbus . . . . 2 G'
Batteries : Kansas City , Pardeo nnd Wll-
eon ; Columbus. Qllpatrlck : and Buckley.
Score , second came :
Kansas Clty..O 0 2 0 fi 0 3 0 10 li ' (
Columbus o ooioiooo ac :
Batteries : Kansas City , Meredith anO
Wilson : Columbus , Welters nnd Sullivan
ST. JOSEPH/1 Sept. 13-DetroIt and at
Joseph won ono each ot the two garnet
played today. Score , first game :
St. Joseph 0 3000010 1 5 7 (
Detroit 2 0000500 1-8 13 ;
Batteries : St. Joseph , Daub and Wilson1
Detroit , Brlggs und Buelow.
Score , second game :
*
fit. Joseph 0 0101101 ; ) -
Detroit 0 0000010 1-2 U i
Batteries : St. Joseph , Wadsworth ant
McCauley ; Detroit , Beam and Buelow.
STANDING OF THE TEAMS.
Jockey Thoinimoii Lund * Tout Kin KM
Iry n Winner lu Fourth lliice.
CINCINNATI , Sept. T3.-Jockey Colej
Thompson , who was reinstated by the Nev
York Jockey club Saturday , had his lira
mount at Newport today and succeedoi
in landing Tom Klngsley a winner In tin
fourth race , after a pretty finish. Weathei
cloudy , track fast. Results :
First race , six furlongs : Spinnaker won
Afratha second , Odallche third. Time
1:15 : % .
Second race , ono mile , selling : High Nooi
won. Derby Maid second , Hungry nil
third. Time : lM\i.
Third raee , llvo and n half furlongs
handicap : Souchon won. Guess Me second
Plceola third. Tlmo : lOS. ;
Fourth race , selling , one mlle : Ton
Klngidey won , Annlo Oldllclds second , Tin
1'lunet third. Time ; lUi. : .
Fifth race , flvo furlongH , selling : Georcl
won , SalvurcE second , Rosa Maso third
Time : 1OJH- :
Sixth nice , one mile , selling : Mnddal
won , Don Clarenclo second , i'an Churn
third. Time : l:42'i : ,
CHICAGO , Sept. 13. Hawthorne race re
HUlta :
First race , llvo furloncs ; Canaco won
Mr. Johnson second , Doremus third. Time
Second race , ' six furlongs : Abusa won
Murv Black seroiul , Belle ot Mcmphl
third. Tlmo : lHH. :
Third race , mlle nnd a sixteenth : Can
dolarla won , Plantation second , Uav <
Tenny third. Time : 1:504. :
fourth race , mlle and a quarter : Oov
ornor Bhoehan won , Connl * Leo Becc-nd ,
1'otn Kitchen third. Time : 2:12H. :
Fifth race , six furlongs : uudkln won ,
Mnrc.tto second , Canova third. Time :
1:16X. :
Sixth race , flvo furlongs : Unrabaa won ,
C nlc has second , Montour third , Tlmo :
lei : > i.
N15W YORK , Sept. 13.-Thcro wns plenty
of excitement at the opening of the fall
meeting1 at Qraveuend. The delays nt the
post were so IOUK that the fifth race had
to bo declared off. In the Junior Cham
pion stakes Frohslnn and Khlnclander
were favorites with W. Overton ns second
choice. There was a delay of an hour and
twenty minutes before the starter could
get them nway and then OV rton was left
at the post. Armament tooHtho lead soon
after the ( lap fell and ran nt the head all
the way to the end. Froshlnn came very
fast at the finish. Results :
First race , six furlongs : Hlmtlmo won ,
MISH Miriam , second , Lambert third. Time :
los : i.
Second race , selling , mlle nnd a six
teenth : Handpre-ss won. Hen Ronald second
end , Merry Prlncn third. Time : J-.49.
Third race , Junior Champion stakes , six
furlongs : Armament won , Hhtnelander
second , Ahem third. Time : 1:14U. :
Fourth race , tlrat special , mlle and a
Quarter : Urlarsweet won , CnndleUack second
end , Alice Furley third. Tlmo : 2:07'A- :
Fifth race , declared off.
Sixth race , Hitchcock steeplechase hand
icap , two and a half miles : Woodplgcon
won , Ollndo second , Royal Scarlet third.
Time : G:03. :
HUFFALO , Sept. 13.-Tho raclnp nt Fort
Krlo was spirited und South Africa's six
furlongs In 1:14 : In the third event was n
smart performance. Miss Llnali , who made
all the running , was only beaten In the
last jump through Powers' strong finish
on South Africa. Favorites fared biidly ,
only two of them managing to land In
front. Results :
First race , 3-yenr-old and up , selling ,
seven furlongs : Cyntha II won. Hairpin
second , Everest third. Time : 1:20. :
Second race , 2-year-olds , llvo furlongs :
Do lilalzo won , Glnsnevln second , Prospero -
pero third. Tlmo : 1:02)4. : )
Third race , six furlongs : South Africa
won , Miss ivltmh second , Harry Launt
third. Time : 1:14. :
Fourth race , handicap , 2-year-olds , five
and a half furlongs : The Gardner won , J.
] ; . Cllncs second , Springwells third. Time :
1:03. :
Fifth race , 3-year-olds and up , mile nnd
a half : Mnrlatlna II won , Confession second
end , Demosthenes third. Time : 2:37'/i. :
Sixth race , 3-ycar-olda , selling , seven fur
longs : Dogltda won , Klamero second. Bob
Turner third. Tlmo : 1:2SV4. :
IIUGI1Y IIACUS WITHOUT FEA.TUIIES.
Winners Take the Krcntn lu One ,
Two , Throe Order.
PORTLAND , Me. , Sept. 13. The races nt
Rugby were decided In one , two , three
order , with no feature of special Interest.
Summaries :
Class 2:21 : , trotting , purse $300 :
Mattlo Pattonson , b. in , Ill
Stamboulctte , bs. B 42 ! )
Improvidence , b. m 2 8 G
Success , K. E 892
Othello , blk. K 3 G 4
Warrun Guy , br. s 5 U G
General , b. K 10 ID 3
Chentz , ell. K t ! 4 G
Celibate , b. K VI 511
Musette , b. m 7 710
Klldeer. blk. m 911 S
Timbrel , blk. s 12 dr
Tlmo : 2ODi : , 2:12i,4 : , 2:12'4. :
Class 2:10 : , pacing , purse $1,500 :
Split Silk , ch. m Ill
The Swift , ch. m 223
lillly Andrews , c. s 332
Time : 2:13 ? ; , 2:1S < 4 , 2:17'4.
Class 2:27 : , trotting , purse $1,500 :
Narvcttc , b. K Ill
Battleton , b. in 332
D L C. b. s C 2 8
Kdna Simmons , blk. m 443
Percy , b. g 10 9 4
Klngmond , b. g 666
Seerslckcr , b. m 756
Lillian Oddmark , ch 878
Cuprum , b. g 978
George , b. B 2 dls
Time : 2li',4 : , 2Ui : , 2:15Vi. :
Transfer LCIIKUC Gntnc * .
ST. JOSEPH , Mo. , Sept. 33.-The last
series of Western league ball games to
have been played between St. Joseph nnd
Milwaukee ) here , September IS , 19 and 20 ,
will bo transferred to Milwaukee. The
league season will close hero September
17 with Indianapolis. An effort Is being
made to secuto ono of the Indianapolis-
Kansas City exhibition games for St.
Joseph.
Admit Holilli-rH to Drill Gniiicn.
CLKVELAND , Sept. 13.-Frank Doll.
Robinson has telegraphed to President
Young of the National league the sugges
tion that nil Koldlera and sailors in full
uniform who toolc part In the Spanish
war bo > admitted to all league games free.
Mr. Robinson gave the formal consent ot
the Cleveland club and suggested that
President Young telegraph to other clubs.
Ciiilu One ) IoneOne. .
KEITIISBURG , 111. , Sept. 13.-Speclal (
Telegram. ) The Nebraska Indians shut
out Gllchrlst yesterday 5 to 0. Kelthsburg
beat the Indians today 3 to 2.
SALVAGE OF THE REES FIRE
CoitNliIcriililc nf the KTpciinlvc 1'rtiit-
liiK MuuliliicrMiiy Atuilu He
I'ut In Working Order.
The loss to the HMS Printing company in
the flro of Monday will not bo as heavy as
was at first supposed. At the time of the
fire Mr. Recs estimated that his loss would
be total , which In round numbers meant
$60,000 , less $47,000 insurance. Yesterday
afternoon the building had sufficiently
cooled to allow ot an examination of It.
The heavy three-ton press on the third
floor which It was supposed had gone into
the cellar ot the building with the floors
when they fell , was found to be in place , al
though badly warped and burned. Several
other prcses were also found on the floor
that ) can bo repaired. The big coupon ticket
printing machine , Mr. Roes' own patent ,
was found in place , although badly flre-
Bcarred. It Is a very valuable and Intricate
machine , but It can bo repaired. The sev
eral dozen revolving spirals , each contain
ing especially constructed type varued at
i JGOO alone were found to be in good condl-
| tlon. Every day Mr. Recs Is denied the use
of this machine will cost ) him many hun
dreds of dollars as ho printed the coupon
tickets for almost all the theaters ot the
west.
The olght or ton-presses that went Into
the basement with the. falling floors are
badly wrecked so far as could be seen. Some
of the lithographic stones with their faces
Intact can be saved but the greater number
are a loss. The stock of paper and station
ery Is a complete loss. It was valued alone
at $12,000.
The salvage on the Rees stock will be , it
Is estimated , $10,000. This only leaves , If
these figures prove correct , a total loss of
$3,000 tv > Mr. Rees , ns his plant was valued
at $ CO,000 and insured for $47,000 ,
Chief Rcdoll discovered yesterday mornIng -
Ing that the flro originated In the cellar of
the building , directly under tbo elevator
shaft , and not on the third floor ns was at
first reported , among the printing Inks.
The cellar at this point was flUed at the
time with the refuse of the building and
boxes nnd barrels from the commission
houses. How the flro could have originated
at this point Is a mystery to the chief. Ills
only theory Is that some ono must have
dropped a lighted cigar or cigarette Into the
refuse and It made a smouldering fire that
broke out into a blaze as Boon as the air
struck it.
Itcocptluii to Her. Moore.
The damp and chill outer world was in
marked contrast to the scene of sociability
presented In the lecture room of the West
minster Presbyterian church last evening.
Them wns held a social and reception for
Rev. T. V. Moore , who was recently called
to become pastor of the church from Helena ,
Mont. It was the first opportunity offered
for the parishioners to bo formally Introduced
to the new pastor and all who attend services
at this place ot worship were present to make
the occasion a pleasant one.
The floral decorations , arranged by women
of the church , were simple but tasteful , all
in green and white over a background ol
stars ud stripes. On three sides of the room
were draped liUBe- American flogs and these
were profusely dotted with sprays of fern
and BBillajt , All available vases and jardi
nieres held clusters ot lilies of the valley ,
wild fern nnd palms. In one corner of the
room Mrs. H. L. Krelder , assisted by Mrs.
Warren Swltzler. Mrs. II J. Sterling nnd
Mrs. W. Randal , received , introducing the
guests as they arrived to Rev , Mr. Xloore.
Refreshments were served later and social
good times were the order ot the evening.
BATTLE OF MONEYS BEGINS
linancial Debaters Open the Oonferonco at
the Nebraska Bnilding ,
GOLD MEN LEAD OFF IN THE ARGUMENT
Pronlilrnt Mcirtnn Ilondu Edward At-
klniMin'n Addrc nud Horace While
Given n Illnorr ot ( he Gold
Slnndnril Ilnrtlnc llenllcs.
When the national currency convention as
sembled In the Nebraska State building yes
terday morning few other than the forensic
gladiators who arc to enter the arena for
the gold standard , or the free coinage of sil
ver nt 16 to 1 , or the governmental Issue of
paper currency Instead of bank Issue , for
the three days of the conference , were gath
ered there. As the forenoon dragged along ,
though , the scats tilled up and by noon there
was quite a sprinkling of Interested specta
tors. The advocates of the gold standard
occupied scats Immediately In front of and
slightly to the leftward from the raised
platform , and the silver champions likewise
slightly to the right.
Senator William V. Allen was ono ot the
earliest opponents of the gold standard on
hand. During the discussion Chairman
Charles A. Towno of the sliver republican
party , having a seat on the platform , care
fully took notes of everything that was said ,
ny his side sat the silver gladiator for the
day , ox-Congrossman Dartlne. Editor
Horace White , the knight who was to throw
down the gauntlet on behalf of gold , sat Im
mediately behind J. Sterling Morton , presi
dent of the Notional Sound Money league ,
who Is presiding over the first day's meet
ing , and conveniently near 12. V. Smalley ,
the secretary of the league. The most In
terested listeners to the debate seemed to bo
General A. J. Warner of Ohio , and the other
grccnbackcrs , who had determined to stock
up with plenty of ammunition for the last
day of the conference. "Calamity" Weller ,
ex-cougressman from Iowa , a rampant
middle-of-the-road populist and Heform
Press association editor , was strongly In
evidence.
I'rcnldcnt Hlortou'ii Welcome.
The contest on behalf of the gold stand
ard began with the calling to order of the
convention shortly after 10 o'clock by J.
Sterling'Morton , president ot the National
Sound Money league. Ho stated the object
of the gathering in the following brief
speech :
As president of the National Sound Money
league I cell this assemblage to order.
Gentlemen , you have been convoked for
a patriotic purpose. That purpose Is to can
didly discuss the money question , with the
Intention of ascertaining the best currency
for conserving the prosperity , strength and
honor of the American republic.
Three questions demanding your solution
are :
1. Is It the fixed legal ratio enacted be
tween the coins which governs the relative
value of the metals in bullion ? Or ,
2. Is It the relative value of the metals
In bullion which governs the relative value
of the coins ?
3. It no single and separate state can
maintain a fixed legal ratio between the
metals when coined in unlimited quantities ,
can an international agreement among the
principal mercantile countries ot the world
do so !
You enter upon this Investigation with a
zealous Intention of finding the truth. Youi
love of country prompts you to make this
Inquiry and to overthrow error and estab
lish truth.
Mr. Edward Atkinson , the distinguished
economist and publicist of Doston , was pre
vented from attending because of 111 health
Therefore he sent to me for presentation or
this occasion his paper and without furthoi
prelude I proceed to read it.
AtkliiNou on IiCKfil Tender.
Immediately ho read the rather didactic
and very historical paper prepared by Ed
ward Atkinson of Boston on "Legal Tendci
as a Factor In Money , " Mr. Atkinson , him
self , being unable to be present on accounl
of Illness. Mr. Atkinson opposed ever )
other kind save that based upon the gok
standard. Substantially , his views were :
He dealt with the question ot legal ten
der , saying good money needs no act ol
legal tender. Only bad money calls for an
act of force or legal tender to make people
take It whether they want It or not. H <
held that the so-called free coinage act
proposed In 1893 was nothing but a pre
text. Coinage consists In the manufacture
of round discs of inotal certified In weight
and quality by the stamp , of the govern
ment. That exhausts the word. Free coin
age could be admitted of gold , stiver , cop
per or nickel if that were the end of the
matter. The vice ot the free coinage pollc )
la hidden under the name of legal tender.
Legal Vender acts were born In fraud and
have been nursed In corruption ever since ,
That Is the record from the dawn of finan
cial history to the present day. All legal
tender acts or decrees with the exception
of those relating to subsidiary coin have
been Intended for one of two purposes. They
have either been the acts or decrees ol
absolute rulers or despotic governments foi
the purpose of cheating their people and
defrauding them of their earnings or else
they have been acts for the collection of a
forced loan in the conduct of the war , like
our legal tender acts of 1861-62 ; or else foi
the collection ot a forced loan for the pur
chase of stiver under the Dland and Sher
man acts which Is now resting In noxious
desuetude in the vaults of the treasury ol
the United States.
Mr. Atkinson then dealt with the history
of coinage. He pointed out that the great
blmetallists , President Francis A. Walker ,
defined money as "that which passes freely
from hand to hand. " Therefore his theory
ot bimetallism was wholly opposed to hie
own principle ; the only kind of money
that passes freely throughout the world
being money made of gold.
Cernushl defined money as "tho coin ol
which the bullion Is worth as much aftct
it ) is melted as it purported to be worth in
the coin ; all else is bad money. " The only
kind of coin In the world's market which IE
worth as much after it Is melted Is gold
coin.
coin.Tho
The advocates of free silver , bimetallism
and greenbacks are alike misled by the tal
lacy that all money is the creation of law
and that It is law that gives it ) monetary
force. They have never studied economic
history. They appear to bo Incapable ol
dealing with the great facts of commerce
They substitute theories and fallacies whlct
have been exposed over and over again ic
the history of the world and which have
brought ! disaster whenever and wherovei
adopted.
The sllverltes and greenbackers couli
hardly contain themselves during the readIng -
Ing of Mr. Atkinson's address , and the ]
punctuated It with an occasional cxprcsslot
ot horror at some point considered by then
to bo inaccurate , or a laugh over soracthlm
else believed by them to be Illogical. I
was onry with the greatest effort that the ;
managed to keep courteously still. This , o
course , was simply a manifestation of theli
deep Interest as enthusiastic students in thi
subject undergoing dissection.
Iloruc-e White Onena Delinte.
The debate proper opened on behalf of thi
gold standard by Horace White , editor o
the New York Evening Post , giving a his
tory ot the gold standard in a carefully pre
pared address. The subject , said Mr. White
Is not ) so interesting as it was when ho wai
at the bankers' convention In Chicago fivi
years ago. He attacked both the 1C to :
ratio and flat paper money :
Mr. White said that he had treated the
history ot the cold standard at the World's
Congress of Bankers and Financiers a
Chicago In 1893 , bringing it down to that
' date. Ho should not repeat what he said
then. The world had advanced in knowl
edge since that time , and the subject was
not so Interesting now as It was then.
The history of the gold standard was n
narrative of attempts on the part of govern
ments and peoples to make two metals ,
variable In their nature , stable In reference
to each other. These attempts were honest
but futile. The pursuit of bimetallism was
llko the pursuit of nn Ignis fatuus. The
nations , ono after another , had abandoned
It , so that In 1893 nil countries of any
commercial Importance excepi four had
adopted the slnglo gold standard. The four
were India , Chill , Japan and Russia. All
four were then silver-standard countries.
All have since adopted the gold standard ,
or have taken steps to that end. The only
nation that has gene back from gold to
silver Is Spain , and this bus been In con
sequence of her recent misfortune. Mexico
and China ore the only countries of any
magnitude that voluntarily preserve the
silver standard. There were no bimetallic
countries now. As to International bimetal
lism Mr. White thought that Senator Wol-
cott had preached Us funeral sermon after ho
came back from bis fruitless mission some
six months ago.
Mr. White next considered the common
saying that there is not enough gold In the
world to do the business ot the world. Ho
could provo that tlicro was enough gold to
do our business. At the present time the
banks of New York and Boston had three
dollars of gold to ono dollar of paper in
i their vaults. The reason for this was that
I the west and south had drawn nearly all
; their paper currency away from them. Cold
had flowed in from abroad to take Its place.
i If the west and south thought there was
| not enough gold to do their business , let
i them send this paper back to New York and
I ask for gold lu exchange. Our stock of gold
had Increased about one hundred and eighty
I millions In little more than ono year. Our
; holdings of gold wore now fully eight hun
dred and fifty millions , being larger than
those of any other country In the world , and
it was perfectly absurd to say that there
was not enough gold to do our business with.
|
But the evidence was overwhelming that
there was enough for other nations also.
The amount added to the world's stock dur
ing the last eight years was 1,377,000,000
dollars and it was Increasing by leaps and
bounds.
Mr. White then sketched the several con
vulsions of credit that took place between
the years 1S93 and 1896 , all growing out ot
doubts whether the government could , If
It would , or would If It could , continue to re
deem Its legal tender notes on presentation.
The various bond Issues made for this pur
pose amounted to 1262,000,000. It was duo
to good luck rather than to design chat the
promise of redemption of the greenback was
kept during those years. It was good luck
that wo had an administration which was
determined to use all 'Us powers to that
any. In short , It depends upon politics
ways laws ready on the statute book which
could bo used for that purpose , because lliu
congress then In session refused to enact
eny. In short , it depends upon politics
whether the greenback shall bo redeemed or
not. Ono political party is opposed to re
demption in gold. A third party is opposed
to redemption In anything. The members
of both these parties are honest. Nobody
doubts that , but by threatening to prevent
the redemption of thb greenback In gold , or
perhaps In anything , they keep trade and
industry In hot water.
Mr. White showed that the amount of
now bonds Issued In the two years 1891-1896
and the Interest on them to their maturity
was greater by $250,000,000 than the saving
of Interest on the greenbacks from 1879 ,
the year when specie payments were re
sumed. The cost of preparing , renewing and
handling the notes WAS $1,000,000 per year
additional. The loss o private business
arising from the uncertainty which sur
rounds the redemption of the greenbacks Is
a much larger but an Incalculable sum.
Mr. White favors the bill recently re
ported by the house banking committee ,
which , while not retiring the greenbacks ,
puts upon the national banks the onus ot
1 current redemption ot them and gives the
banks the privilege of Issuing nn equal
amount of notes against their general assets ,
' protected by a common safety fund lodged
in the treasury. This would furnish all
| ' , the money that the business of the country
needs , and It would bo furnished at the times
and In the places where It is needed , which
1 the government never can do and which
1 free coinage of silver never can do.
' I Iliirtliie Itciillo.s ( o White.
As Mr. White read his exhaustive paper
paper tablets and active pencils opppeared
In the hands of almost every ono of the bl
metallists. Gcorgo Fred Williams of Boston ,
Congressman Charles S. Hartraan of Mon
tana , General Warner of Ohio , were each
kept pretty busy In this respect. To Mr.
White's position a reply on behalf of silver
coinage and use co-ordinately with gold was
made by ex-Congressman H. F. Bartlno of
Nevada , editor of the National Blmctalllst
of Washington , who had also been copiously
taking notes In anticipation. Each strong
contention advanced by Mr. White was met
by Mr. Bartlne from his point of view.
There was ono interruption during Mr.
White's address. "Besides we must remem
ber , " ho was saying , "that there Is a great
party that believes In government paper
money Irredeemable in cither gold or sil
ver. " "That Is not correct , " spoke out Sena
tor Allen ; whether having special reference
to this statement or some previous ono Is n
matter of conjecture.
I When Mr. Whlto concluded there was loud
applause from the gold side , which was 1m-
j mediately followed by an outburst from the
blmetallists when Mr. Bartlno appeared to
shower his bludgeon blows on the strong
armor of Mr , White's argument. The silver
defender was caustic in his criticisms of
both the papers of Messrs. Atkin
son and White. Ho reviewed the
history of the monetary changes In the sys
tems of Europe and this country and denied
| that , previous to the general demonetiza
tion of sliver In Europe , there was a slnglo
standard country , except In England and
Portugal , saying that the real standard was
the aggregate of both ) metals , Mr. Bartlno
said :
I appear before you today laboring under
I a series of disadvantages , among which Is
a time limit on the speaker , compelling mo
, to put my reply in manuscript before Mr.
White's address , which I am to answer ,
was delivered , and In the second place I
am hero to take the negative , and neither
; Mr. Atkinson nor Mr. White have made
ony affirmative showing for the gold
standard.
Sticks for LcKiil To ml IT.
The difference between money and that
which Is not money is its legal tender.
' | quality. Mr , Atkinson said legal tender Is
I n fraud upon the dobter. I Bay there IB
I ! not a gold standard creditor In this audi
ence who would accept any money but for
Its legal tender quality. The legal ten
der quality is vitally necessary , and
' ' without It you have no money. Mr. Atkln-
1 i son says the only kind of money which
' i requires the legal tender quality is bed
- I money. I will distills ? Mr. Atkinson with
I this simple remark : There isn't a country
; i upon the face ot the earth where the gold
' standard exists that It hasn't been estab
lished by law and nothing else ( enthusi
astic applause from the sllverltes , and par
ticularly the greenbackers.
Neither Mr. Atkinson nor Mr. Whlto have
made any affirmative showing whatever in
behalf of the gold standard. It has no
affirmativestanding. . It Is supported only
by * a lot ot affirmative allegations , a set
of counter propositions to the coinage of
silver , and scurrilous abuse of those who
advocate tbo free coinage ot silver. It all
amounts to a general attack
upon tbo doctrine ot the free
coinage at 16 to 1. It simply
assume the supreme perfection of gold
and the balance of its argument Is made up
of sunh catch expressions as "money of In
trinsic value , " "an untarnished Integrity , "
"one dollar aa good as another , and all as
good no gold. " "fifty-cent dollars. " "forty-
cent d.'llnrg , " "national honor , " "the sliver
heresy , " "repudlntlonlsta" and "wild-eyed
anarchists. " Bryond all this its argument Is
only n series of negations. ( Laughter tin. !
applause. )
That gold had any particular Intrinsic
\altio Mr. Bartlno denied emphatically. Its
value , It anything , ho Bald , Is extrinsic , de
pending upon its relation to other things.
|
On this point ho observed : |
In ISiO gold bullion was not worth as much i
In California as coined gold. The same law |
which makes the standard gold dollar of 25.3
gratis could have made a dollar of halt tbnt i
amount. If thcro were only ono ounce nf I
gold In the world It would not bo worth ,
under this law , more than $20.67 , but when
It onir ? to Its exchange value that is an
other thing , and la subject to the law of
supply and demand. The gold standard Is
purely a creature ot legislation ,
Object of Conference * .
Eu-rv monetary conference referre-l to by
Mr. Whlto has had for Its object the doing
away with the gold standard. Jcvons , the
great English writer on finance , while claimIng -
Ing the gold standard was n good thing for
Kngl'nd admitted that Its general adoption
by the world would operate ruinously to bus
iness. The people of neither Europe nor this
country have ever had any voice In Its estab-
llshtr" > nt. It was not debated In congress.
Efforts are constantly being made to get rid
of It Tu the last election 13,500,000 of the
Amsricnn voters declared for the free coin
age of sliver at some lime. The difference
between the supporters of Bryou and those
of Mr. McKlnley was only a difference ot
metb.-xl The former believed In the country
golni ; ahead Independently and coining Its
sllvi- and the latter believed in waiting for
nn ntr > rnatlonnl concurrence. There Is n
great deal of difference between u country
llko England with 40,000,000 population hav
ing the gold standard , where It costs only
abou JGOO.OOO.OOO out of $3,600,000,000 , and a
population of 400,000,000 in the nations of
the earth all scrambling after It and losing
one-half their volume of money.
For fully nn hour Mr. Bartlno dilated upon
his theories and presented In detail the " ( !
known silver arguments. So far as the legal
tender question was concerned , ho said ,
that will bo met on Thursday by "that paragon
gen of Ignorance nnd honesty , General A. J.
Warner of Ohio. " ( Laughter. )
Intercut of llnllwny Men.
Thcro was a score or two moro listeners
to the debate during the afternoon. H. P.
Robinson of Chicago , editor of the Railway
Age , was the first speaker. His subject was
"Tho Interest of Hallway Men In the Gold
Standard , " but ho found It necessary to
switch off somewhat from the main track of
his argument to answer some of the postu
lates and deductions of Mr. Bartine. Ono
thing ho would llko the blinctallsts to prove
Is that the commercial value of silver would
rise \o \ Its coinage value under free coinage
at 16 to 1. If this can bo done , ho asked ,
why not send wheat to Liverpool In half
bushel sacks , labeled bushels and "In God
Wo Trust" and expect the English buyer to
take them as bushels upon our mere say so ?
Ho did not agree with Mr. Uartlno that
what would bo good for India would bo good
for the United States. As to national
honor ho observed that that was something
disregarded by the advocates of silver coinage -
ago ; nevertheless ho would hate to have the
United States pointed out as a bankrupt na
tion. The debts of the country would have
to be paid dollar for dollar In money just as
good as they had been contracted In. Europe
holds something llko $12,000,000,000 worth
of obligations In this country for which gold
has been received and they should not bo
paid with a fluctuating sliver currency. The
railroad companies have to pay every year
Interest amounting to $240,000,000 'In ' gold
and their only source was the $300,000,000
paid out to the 900,000 wage earners , for It
could not come out of the $180,000,000 tlirlnk-
oge caused by the panic of 1893 , nor the
$12,000,000 paid to the general offices , nor
i the $37,000,000 dividends. If this labor were
| to be paid In silver dollars whence would
i como the gold to pay off this Interest ? Rall-
1 road employes wanted to be paid In 100-cent
1 dollars anii this was why , he explained , the
750,000 railroad employes of the country
voted in 1896 for the gold standard and he
predicted that they would BO vote In 1900.
Asked if under free coinage the Indebted
ness would have to bo paid off at the rate
of two for one ho replied yes.
Coucliinloii of Jlln Add real.
Mr. Robinson continued as follows :
It Is commonly claimed tnat the free coin
age of silver , If it hurt anybody , would only
hurt the capitalist and the goldbug. If the
free coinage of silver would reduce the rall-
way earnings , the men who would suffer
would not bo the capitalist or the goldbug ,
but would bo the/ / laboring man. If the
United States was on a silver basis the
earnings of the railroads would be , of
course , In silver dollars , or their equivalent.
The railways could not put up their rotes ,
and at the best they would only get the
same number of dollars as they do now , but
those dollars would purchase less. They
would purchase less machinery , less fuel ,
less supplies that Is to say , that the ex
penses of the railways for these Items
would be materially Increased. Railway
companies , therefore , would have less money
to pay Interest , to pay labor and to pay
dividends.
First of all , they would pay no dividends ;
but that would not be nearly enough to
moot the deficit. The Interest charges all
have to bo raid In gold , and the companies
would have to make a desperate effort to
pay those charges , but having nothing but
I depreciated silver dollars to pay In , the
effort would necessarily bo futile. No rail
way company lu the country could meet Its
annual Interest charges , and thcro could not
bo anything but bankruptcy ahead. Mean
while , while the struggle was going on ,
labor would suffer. The railway companies
would bo compelled to cut their pay rolls
and to cut their wages. Thcro would bo
fewer men employed. They would probably
get less wages and every dollar of those
wages would buy less than It does today.
Gold Man from Colorado ,
The platform was next taken by Louis R.
Ehrlch of Colorado Springs , Colo. The main
object of Mr. Ehrlch was to show that the
universal establishment ot the gold standard
Is a step In harmony with the evolution of
mankind. He said among other things :
In * Le face of such startling facts ono
must be afflicted with mental blindness who
do ° not clearly sec that within the last
half century the organization of society has
become Infinitely moro complex , the national
and International competition has grown far
morj Veen nnd that there has been a mar
velous development In what may bo called
the machinery of life. Money Is a species
ot such machinery. Would it not have been
passing strange if , in this ago of unpar
alleled progress , no Improvement had been
made In this most Important toll of com
merce ? Let us now consider the progress
that has been made In the money machinery
of tha world.
In the battle for supremacy In England
gold had won and the slnglo gold standard
theory was now launched. Mr. Huxley says
that "the struggle for existence holds as
much In the Intellectual as In the physical
world. A theory Is a species of thinking
and its right to exist is co-extonslvo with
Its powers of resisting extinction by its
rivals , " For fifty years after England had
adopted the single gold standard the evolutionary
lutionary struggle continued. When the In
ternational monetary conference assemblo.l
In Paris in 1867 the remarkable fatt was
disclosed that although eighteen out of the
twenty nations represented were using the
silver or the double standard their vote was
a practically unanimous endorsement of the
desirability and approaching necessity of the
single gold standard. They were doubtless
Influenced by evolutionary facts which were
so powerful and BO clearly defined as to have
become Irresistible. In the first place they
must have been Impressed with the growing
relative instability of the two metals. Sil
ver , which had been worth but a little ovar
$1 29 an ounce duilng the year 1845. Bold up
to $1.33 In 1851. down to $1.32 in 1832 , up to
$1.36 In 1859. down to $1.83 1-3 in 1861 ,
up to $1.34Vi in 1864 , while In the
very month In which the confercnco was
Bitting its price had again shrunk to
nearly $1,325 per ounce. In the moro com
plex nnd moro sonsltlvo trade organizations
of our modern times such fluctuations were
becoming unbearable.
Mr- John Flske Bays : "It ls n characters-
tic of organic evolution that numerous pro
gressive tendencies , for a long time Incon
spicuous , now and then unite to brine about
n striking nnd apparently sudden change.
It Is In this way that the cause of organic
development Is marked hero nnd thcro by
memorable epochs which em to open new
chapters In the history of th * universe. The
startling progressive etndcnclcs of the
nineteenth country were toning nations Inta
n choice of standards. The Paris conference
unanimously declared for gold. Its president
had Bald that their work was only n seed
HOWII , the germination of which could be
foreseen. " The Franco-Prussian war , three
years later , suddenly ripened the reed to
fruit. In 1873 Germany Introduced the gold
i standard , The United States nnd the Latin
union were , in self-protection , compelled to
follow and gold became the slnglo standard
of the civilized world.
Wo celebrate this year the silver anni
versary of the gold standard. In these
twenty-five years the evolutionary progres
sive tendencies have grown stronger and
stronger.
The civilized- world Is a giant today.
Comparatively speaking It was a pigmy before -
, fore 1SEO. An evolutionist tells us that
"species cannot revert unless the conditions
i revert. " Wo will never revert to the silver
standard unless wo go back to the old condi
tions of life and trado. Gold will remain
the standard. Evolution has decreed It. As
| well expect the horse to revert to the type
of his flve-tocd diminutive ancestor or the
elephant nnd the rhinoceros to roam all
over Europe aa they did In the post-tertiary
I period or the birds to return to the like-
i ness of their reptilian ancestors In Mrssozolc
I times as to believe that the evolutionary
] flat which has made gold the predominant
standard will be recalled.
The quantitative theory ot money was de
nied by Mr. Ehrlch. Efforts to Interrupt
him were frequently made by L. H. Weller
of Missouri nnd N. H. Motslngcr of Indiana ,
two of the Reform Press association en
thusiasts for fiat money.
I'rom it Knriner'H A'le .
Governor Leslie M. Shaw of Iowa followed
Mr. Ehrlch. Ho had only a short period of
time , as ho had to catch a train , hut ho
got In Bomo hard logic for gold. Ho had
been requested , ho said , to view the ques
tion from the standpoint of the farmer , but
In his opinion social and economic condi
tions that were good for ono class were good
for all classes. Ho continued :
It the slnglo standard shall benefit this one
class of people , then , barring u few silver
mine owners , U shall be good for all.
Every commercial transaction Is based
upon the law of equivalents. In the course
of business It became necessary to Invent n
machine , a medium of exchange. Money was
first made by weight. Man would take metal
nnd make It into slugs or discs and stamp
upon them their weight nnd people had con
fidence In their Integrity. Senator Jones
once agreed with mo that It was not neces
sary to have the stamp of the government on
i money.
I Hero c.imo an Interruption from Weller.
I The governor had to say good-naturedly :
I "Each man has his own Idea of truth nnd
probably this audience cannot bo changed. "
Weller Then Is It all love's labor lost ?
i "I suppose so , " answered the governor
and then again plunged Into the depths of
his subject , being compelled , however , every
once In a while to como to the surface , as
Mr. Ehrlch was , to show courteous atten
tion to the middle-of-the-road Interrupters
In the audience , who could hardly wait
until Thursday , their day for paper money.
The governor discussed the Intrinsic value
of the dollar :
What Is the dollar worth ? It Is worth
' 23.22 grains of pure gold. The government
adds the alloy and stamps It free. If you
1 can't solve this problem you'd better go home
, and send your wives ( laughter ) . The gov
ernment measures its own money by weight.
I am a gold monometalllst because the
i world has agreed upon gold and the law of
, commercial convenience controls the whole
i matter , and let me tell you that no act of
, parliament or congress can repeal the law
of commercial convenience. Under the double
standard either ono or the other of the
metals will go to a premium. The constitu
tion says nothing about cither gold or silver.
Congress simply says a dollar shall bo 23.22
grains of pure gold. '
Stewart ii a Wltiu > * N.
Ho quoted from an old speech of Sen
ator Stewart , In which Stewart had urged
the necessity of holding out Inducements
to gold to cause It to flow Into this country.
There was free coinage In 1833 , ho also
said , nud yet there was not any silver In
circulation until the government went Into
the market and purchased It for coinage
and made it circulate by making It redeem
able In gold. What the government had
slnco done for the circulation of silver the
governor showed , giving the figures. Ho
resumed :
I The only logical argument I can see for It
Is that silver would practically reduce wages
one-half and we could then compete with
foreign nations , but I would rather have the
American market with high-priced labor
than that. This we can do by keeping up
j the purchasing power of the dollar. If India
i nnd the other cheap labor countries could bo
compelled to go upon a gold basis they could
not glut the English mrv.et with cereals In
competition with us. India can do this now
because of her silver basis. Next to the la
boring man the former Is most vitally Inter
ested In thla question.
H , L. ' Bliss of Chicago , a sllverlte , then
read a paper criticising the wage statistics
of Labor Commissioner Carroll D. Wright ,
the Aldrich report to the United Sates sen
ate and also the figures of the English
statistician , Mulhall. All of them , he said ,
denied that the conditions exist of which
the wage-earners complain. "Tho boasted
increase of wealth , " ho added , "Is simply
In the value of special privileges the priv
ileges of a few to appropriate the earnings
of the many. " Ho charged that all these
statistics had been "Juggled. "
( Jcoru < ' I'Vcil WllllnuiH' QiiCNtlon.
Three questions were next propounded by
Gcorgo Fred Williams of Boston , a former
gold standard member of the congressional
coinage committee. They were :
1. How Is a debtor country with billions
of debt ownil nbrnnd In linlil tlif gold of the
country against foreign draughts ?
2. If the quantitative theory of money is
denlui , is It not incumbent to show why this
theory was advanced by Locke. Mill , Lord
Ashburton , Baron Rothschild himself , Rl-
cardo , Jcvons and other great authorities on
finance freely quoted in support of the gold
standard theory ?
3. Whether the Indian farmer who brings
wheat to the London market for 3 rupees ,
which can bo purchased at their silver value ,
must not necessarily drive out the American
farmer who demands the full price for his
wheat payable In gold ?
This , wald Mr. Williams , Is the key to
the whole situation. Ho charged that re
publican prophecies of prosperity alnco 1893
had not been fulfilled and attributed to
! Giffen , the leader of the gold standard elo-
j tiient In London , a statement to the effect
that "tho fall In prices had been duo to the
I appreciation of gold. " In connection ho
dwelt upon the rltso of prices from 18.10 to
1S70 and the fall of priced from 1870 to
1 1SS5. "If It Is dishonest to raise prices by
monetary legislation , " ho Inquired , "Is it
not equally dishonest to lower prices by
nonotary legislation ? "
Mr. Williams brought Ehrlch to hla feet
by asking sarcastically "If evolution for
the last twenty-flvo years has been ac
countable for the gold standard , Is the ab
sorption of buslnct-s by trusts during the
! same period attributable to the gold utand-
ard ? " Ehrlch put eomo statistical queries
to Williams , but Williams discounted gov
ernment statistics In toto. By Mills Ehrlch
ehowrd that credit has a far greater rela
tion to prices than money. Ho contcnled
that the nations do riot want our gjld , but
the labor and the products It represented.
The marvellous increase of bank clearing"
had demonstrated a period of prosperity.
The whole question of the relationship be
tween prices , coinage and commerce was
gcoo over by him.
Htinnliiif Deliutf Wnt * M Wiirin.
A. J. Warner followed to provo that the
gold standard bad doubled the debts of the
people by compelling them to give moro
equivalent for tbo money with which to I
j pay their debts an < l ( but wages bad been
i bolstered up by Ubor organizations , and
I then Congressman Fowltr ot New Jersey
caught Warner In a trap , only later to meet
a moro capable roemnn , though , In Ohnlr-
man Towno of the "silver republican" party
of the country , who U nlso to open today'n
disruption M the champion ot free colnnga
at 1C to 1. Mr. Fowler took tip the Aldrich
report ns on authority on wages. In 1810
the average wage paid was 87 cents accord
ing to It , but In 1S91 the average had in
creased to $ i.fis. Adroitly attributing to
General Warner a statement to the effect
that the gold standard has doubled wagon ,
the general Interrupted to deny it ,
whereupon Mr. Fowler asked him II
ho had not contended that the
gold standard had doubled the
purchasing power of the dollar * Of
coin no Warner had to ndmlt ho had. Then
Mr. Fowler demonstrated that by this loglo
the wages had not only doubled numerically ,
but the dollar paid for labor will purchase
twleo as much. Wages arc going up , ho
said ns a clincher , and the commodities nnd
blessings of life nro going down , Llko Mr.
Uhrlch , ho believes the whole purpose ot
civilization is to cheapen products. The
panic of 1S93 ho charged up to the neces
sity for n. general liquidation after n period
of extravagance and speculation , and he
lave ? figures to Bliow that since Mr. McKln-
ley's election the bank clearances of the
country had Increased from $13,000,000,000
to $63,000,000,000.
He was answered by Mr. Towne , who gave
Indications of his schooling on the floor
of congress In mouth to mouth debate. Mr.
Fowler , who Is to again combat Mr. Towno
this morning , tried to get him on the grid
iron , nnd so did Mr. Ehrlch nnd several
others , but Mr. Towno nlwnya had a ready
reply of some kind. Ehrlch nnd Fowler
had both admitted that prices had fallen ,
ho Falil , which In his opinion was some
thing of a contribution to the discussion so
far. Instead of cheaper prices being n
product of civilization , ns Mr. Ehrlch had
claimed , ho thought them a product ot bar
barism.
< lminUti ! < lv < < Value of Money.
Messrs. Towno and Fowler had n sharp
tilt over the proposition of prices Indefinitely
going down nnd wages Indefinitely going
up as a result of the gold standard. In which
ho endeavored to make Mr. Fowler's posi
tion appear fallacious. Upholding the quan
titative theory , he said :
An appreciating dollar Is the death of bus
iness. Money decreasing In volume Is con
stantly standing for more things ns nn equiv
alent , BO that n man has to glvo moro of
thorn to pay his debts , nud he will therefore
ccaso to produce them. There cannot bo n
period of prosperity co-existent with falling
prices. Wo nro not to compare one country
with another , but a country with Itself nt
different periods of Its existence. Japan's
progress for twenty years under the stiver
standard was without a parallel. On the 18th
of May last Robert Giffen declared that Japan
was n failure as n gold standard country and
had to come begging In the London markets.
Ho also gave Mexico ns on example of de
velopment with silver coinage nnd India as
ono of retrogression under gold domination.
Ho still sticks to the 16 to 1 ratio , ho de
clared. "Today , " ho continued , "gold occu
pies its place In the world solely because of
force a force exercised by ono class of soci
ety against 'tho masses. There Is no such
thing ns freedom of contract. There Is no
power BO merciless na that of the gold cred
itors who dictate 'terms. " As to concurrent
circulation of the two motnls he asserted
that that Is no moro necessary than a fifth
wheel to a wagon.
Both Mr. Fowler and Mr. Ehrlch gave as a
rcahon for the apparent anomaly of falling
prices nnd rising wages the advantages ot
cheap transportation and the facilities of
modern machinery.
As the paper money men were BO warm
they could not stand It any longer , so Weller
said , President Morton allowed Motslngcr of
Indiana to read his production on paper
money ns a measure of value , and after n
llttlo moro cross firing from all quarters
which ensued the convention adjourned until
this morning. The discussion had prolonged
the nfternoon session until such a late hour
that the evening session was dispensed with.
At the session of the monetary congress
today Chairman Towno will summon Scn-
ntor W. V. Allen to the speakers' stand and
the latter will preside during the day.
ROUGH RIDERSSIGNAL ; MEN
_
Men from CIilrltniiiaiiKii mill IluiiiK-
vllle ConnIn on tltc Afternoon -
noon TrnlIIM.
A squad of twenty-flvo Rough Riders , cn-
route from Chlckamauga to Mlssoula , Mont. ,
spent several hours In the city yesterday
afternoon. They belong to Troop F , which
was mustered out of bervlco nt Chlckamauga
early In the month , and nro traveling by
special Pullman coach Birmingham to their
homes In Montana. On arrival nt this city
about noon jt was learned that there would
bo a delay hero of four hours. The party
then decided to make a short tour of in
spection of the city and exposition and spent
the afternoon sightseeing.
Another detachment of military men put
In appearance at the Burlington station yes
terday nfternoon. They were ten In num
ber , being a detachment detailed from Com
pany 17 of the signal corps , which has
been In sorvlco at Huutsvllle , Ala. They
are sent to tnko part In the government's
signal service exhibit at the exposition
grounds and they expect to remain hi the
city during the exposition. Owing to the
urgent need of competent men In the signal
corps this detachment of men will remain
no longer than Is absolutely necessary. On
leaving Omaha they will bo sent at once Into
actlvo service in Cuba.
3iiNH ! Mci-tliiK of SiilrltunllNtM.
Wednesday , Thursday and Friday of this
week the State Spiritualist Association of
Nebraska holds its annual convention at
Sunders * hall. On Wednesday evening a mass
meeting will be addressed by Mr. nnd Mrs.
W. E. Bonncy of Blair ; on Thursday evening
II. C. Madding , president , nnd Paul S. Gil
lette , secretary , of the association , will
speak ; Mrs. Annie Wagner will give delinea
tions on this occasion. Friday evening is
loft open , the program to bo announced later
from the platform.
Slnco wnr bcffnn our Government lias
ordered 1,000,000 pairs shoos. Loss
tlmn 200,000 were hand sowed , over
800,000 pal rsworo
Goiidyciir Welt Shoes.
Our soldiers proved by vveiir that Good
year Welt Shoes , uro hotter than
I'jictory Made Hand Scwetl Shoes.
Goodycar Shoe Mac. Co. ,
Jloston.