sit
M J
II f
m i
J
las
i
tr
M
JH
riT
Y
i
SILVER AS THE
FARMERS ERIEND
SILVER WOULD HELP THE D1Q
TAnMER DY CUTTINQ PCWH THE
WAGES OF HI3 HIRCO MEN
rV Cool Catcnlntlnc rnrmcr Kzplnlnt the
Hlttmtlon In III Wlfo llo Think Ho
Will Goln Nearly S000 by tlio Sixteen
In Ono Bclicmo Hnlf or Till Wilt Iln
Taken from tlio Wncen of till
RhocLcilnt tlio Mcnot
Clirntltiff Their Itlrert llclp WIII Do Ifrr
licit to IroTcnt Ilrjnnii Election
Farmer I reckon this frco sllvors
nbout llio best friend of tin farmers
Hints como our wny since Ilia wnr Al
lowing Brynns elected nil right tills
year I calolnto Ill bo worth neatly
2000 mora tioxt year linn now
rnrmorfl Wlfo Nonsonso Hnrvol I
dont bolloTO silvers going to mako
folks rich Onoll hnro to work for n
living if Bryans elected just ns hard as
ifho isnt
P I dont dony but what yonro
heads level there Jane Somo folks
will havo to work harder but it wont
bo ua farmers Woll como out on top
with froo silver Thats euros shooten
1 W What crnzy notions in your
I lioad now nuyhow Dyou think farm
ers aro smart enough to tnako laws
thatll tnko money out of other folks
pockota and put it into theirs
P Prnps not but theyro going to
try it I sposo you dont sco how froo
silverll help us but I da
F W If youll tako my ndvico
youll not bothor yourself to death try-
ing to get rich by freo silver Ill war
rant it wont work as you calolatc
P Ill tell you ono way itll help
me Jane You know that if wo get
frco colnago wo will havo silvtr dollars
worth bout GO cents samos Mexican
dollars now
P W I thought Bryan said thnt
sllverd bo worth just ns ranch ns gold
when wo get froo silver
P Yes thats what ho says in tho
cast sos ho wont soaro tho tnillliands
nnd savings bank folks too much But ho
dont talk that way out here becanso ho
knows that nitit what woro nftcr Wo
want choap money sos prices of wheat
corn nnd porkll bo twlco ns high samo
ns in Mexico
P W Suppsn they nro Wouldnt
you havo to pay twico ns much for
clothes and groorcs nnd everything olso
youd havo to buy If you got 2 instead
of 1 youd havo to spend 3 instead of
1 Itd bo as broad as it is long If
thnts tho way silvora going to mako you
rich youll never got rich
P But I wouldnt hnvo to spend 2
for overy 11 spend now You know wo
havo at least two hired men tho wholo
yoar nnd thrco to flvo moro from April
to November besides tho hired girl for
most of tho year Do you reckon Im
going to raiso their pay when wo get
frco silver
P W I aposo so Why shouldnt
you
P Just becanso I wouldnt havo to
Praps nftornyonr or eo Id givo era
3 or U moro n month but nothing
liko doublo what thoyro getting now
I calolato Id savo between 800 nnd
1000 in wages not qulto so much on
John nnd Dave becausothey board with
va and of courso tho prices of somo of
tho things they cat would go up but
Id savo bout half on my day hands
who liyo and board at home Thats
how I flggcr it and its cording to tho
opinion of Governor Boies and other big
silver people They eoy farm wages is
too high for profit and that silver 1
bring cm down
F W And so thats why youro for
froo silver Hnrvo Grimes want to ohoat
your poor hired hands out of half their
wagos men who now can hardly keep
thoir families out of tho poorhousol I
thought it W03 them Wall street Shy
locks nnd goldbugs youro nftcr with
your frco silvor stick nnd that yonro
trying to squaro accounts with them
rich fellers but it socms
P Hold up thoro Janol Froo silvers
going to savo us bout 1000 on what I
still owe on that 4000 mortgngo
Who dyou thinkll loso thnt
P W I dont enro whod loso it
Tatnt right to choat anybody but I
wouldnt say n word so longs its some
body who could afford to loso it but when
it comas to cheating your poor neighbors
its timo to put a stop to it I dont
earo if you novor got that other farm
paid for I guess wo wont starve on
this ild farm Im going to toll John
and Davo nud nil tho others just how
tree silver will hurt thorn and Ill get
them nil to vote against Bryan Tho
idea f such farmers as yon trying to
elect Bryan to cut down tho wages of
your hired mcnl Im ashamed of you 7
ami
Ant row Juckiou Venn XV J Ilryan
Mr Bryan says a cheaper dollar
would bo bettor for tho working classes
but Audrow Jackson said in his last
nessago Engaged from day to day in
thoir useful tolls thoy do not percoivo
that although their wages aro nominally
Ino samo or oven somewhat higher
titey nro groatly reduced lit fnct by
ilio rapid inoroaso of n spurious cur
renoy which as it appears to mako
money abound they nro nt first inclined
to consider n blessing It is not
cutil tho prices of tho necossarioj of lifo
bocomo so doar that tho laboring classes
cannot hupply their wants out of thoir
wages that thoir wages rise
Tho Declurutlon of Independence
Wns written by tho man who said
Just principles will lend us to disre
gard legnl proportions altogether to
tnquint into tho market price of gold in
tho several countries with which wo
shall principally bo connected in com
merce nnd to tako nn avcrago from
them But W J Bryan says it is dis
graceful to talk about adjusting our
ourrcucy to the currencies of tho world
A PLAIN TALK TO WORklNQMEN
Tho a n O of ho Kilter Question
Let us not get mixed up with com
plox matters in onuccUoii with tho frco
silver idea
Lot U3 not btffg vr wain with ar
guments nbottt Out crinm of 1R73 or
bothor with tho iMiny theories which
tho advocate ot fffMlvcrnre giving us
But lot us tnko a common scuta view
of thosltunilon
Now to start with
Supposo Brynn wni olected nnd tho
freo coinngo net had been passed nttd
thnt freo colungo wns nn ncttiul fnot
Supposo that silver could be taken tn
tho mint nud coined into silver dollars
at tliorntionf 10 to 1
Mow would that nITect us
Wo linvout got nuy silver bullion
A wholo lot of peoplo who own silvor
mines hnvo It nnd so they could hnvo
it coined into 10 to 1 dollar but not
having nny ourselves wo could not hnvo
n solitnry slnglo dollnr coined nmtcr tho
frco silver net
Now suppose howovcr thnt nil tho
slher initio owners nnd others who had
silver took it all to Washington or 1hll
ndolphln or to sorao other United States
mint nnd had it coined into 10 lo 1
dollars nud
Supposo so much had been coined thnt
nil tho silver in tho world wns mndo
into 10 to 1 dollars nnd
Suppose that every ono of theso dol
lars was piled in ono heap right on tho
noxt block and
Supposo every slnglo otto of them wns
worth 100 conts hero nnd everywhere
Whnt good would thoy do us unless
wo hnd something wo could trndo by
which wo could get ono
Well wo havo something to trndo
everybody has
Somo havo labor ho much torn dollar
Somo hnvo lumber so much for n
dollar
Somo havo sugar or potatoes or hams
or coal or something dec nil so much
for n dollnr
Wo hnvo ndvertislug nnd subscrip
tions so much for n dollar
When wo want ono of thoso silver
dollars wo cannot go nud tnko it They
dont belong to us They belong to tho
men who took tho silver to tho mint to
bo coined
If wo too t one it would to stealing
If wo nsked for ono for nothing it
would bo begging
It tho owners gavo us ono for nothing
it would bo n gift
If wo borrowed one it would cost ns
interest nnd so
Most of ub to get one must trndo la
bor lumber sugar coal advertising or
somotning to get it
This is absolutely nnd honestly so
isnt it
Well being eo why do wo tako any
chances on the dollar
Wo can got gold now
It is worth 100 cents on a dollar
everywhere
So wo hnvo supposed tho silver to be
but
Supposo it isnt
Whnt then
What is tho uso of taking n clianco
unless wo con do better A silver dol
lar wont bo worth moro than 100 cents
will It
Wo nro getting that now
Let woll enough alone
Somo say duty compols a Democrat to
back up nnd vote for n Dcmocrnt You
havo Bryans word thnt ho is no Demo
crat Let him deny thut ho said it
Somo say it is pretty bad now Wo
might ns well tako n chance It cant
bo worso
What kind of tomfoolery is this
Aro things bad in a business way
Let us tell you something to try
Voto down this crowd of repndiatora
Tell tho world in trumpet tones in
November that wo want tho bestmonoy
that wo will tnko no other nnd business
will revive
Let tho capital out that Bryan and
his followers hnvo scared under cover
nnd prosperity will come Lumber
Trndo Journal
Slranfjo tied IYllows
- jii mmimmjXWZ n r s1
-
Tho thought of stooping with such
bed follows disgusts Unelo Snm
Hounit Argument Irom Eminent Illmct
alllsO
Gold is recognized ns tho universal
standard of value It is tho mensnro
lhit must bo used It Is tho measure by
which your wealth must bo tested
Tho wealth of tho United Stntes is
tested by tho samo rule It has been
and nlwnys will bo tho touchstono of
mensurcment nnd when you depart
from that nnd try to flguro up nny other
mcasuro which tho world does not
rccoguizo you get into confusion Sen
ator William M Stewart
Silver Copper nntl Then Taper
Tho owuors ot copper mines need not
bo olntcd with tho idea that tho argu
ment for cheap silvor dollars is a still
better argument for cheaper coppor dol
lars Wo slitill not drop to a copper
bnsls Tho ultlmato resting placo for
tho Popocrnts is forcdotonnined in thoir
platform nssertion of tho right of tho
government to issuo logal tender paper
notes That is tlio cheap monoy paraditio
into which nil tho advocates of repudia
tion aro logically drawn
ffo
nownrc This is n mistake Mat
ters can bo very much wot so especially
for tho worklngmen
First They would bowowoif wagon
wcro paid in n BO cent dollar cr in n
dollar worth less than 100 cent How
over it may bo with mluo owners nnd
mortgngo debtow men whoso capital is
thoir labor tiro not interested in having
tho purchasing power of their dollnr
diminished
Second Things would 1k mndo
worso for tho 1 702883 snvings bank
depositors in this stnto nlono if their
715032309 of savings were mndopny
nblo in depreciated dollars
Third Things would worso for
tho nearly 1000000 pensioners if their
monthly stipend wcro to bo paid in G3
cent dollar
Fourth Tilings would bo worso for
nil tho millions of benoficinries of stock
mutual and co opemtivo insuranco com
panies nud nil tho 1745725 sharehold
ers in building nud loan nssocintious if
payment wcro to bo tnudo to thorn in
nuy money lcS goqd than tho best
Fifth Things would bo worso for
overybody in cno of n panic cnuscd by
tho prospect of n silver basis New
York World
From n Grent Democrat
A doprccintion of tho currency is nl
wnys ntteuded by n loss to tho laboring
classes This portion of tho community
havo noithcr timo nor cpportnulty to
watch tho obbs nud llows of tjio money
market Engaged front day to day in
their useful toils they do not pcrccivo
thnt nlthonglt their wages aro iiont
inully tho Mimo or oven sontowlint
higher thoy aro greatly reduced in
fact by tho rnrid incrcaso of curioncy
which ns It appears to mako monoy
abound thoy nro nt first inclined to con
sider a blessing Andrew Jnokson
Eighth Annual Message
Wo cannot by law fix tho valuo of
cither ntotnl or coitt or of nny of tho ar
ticles thnt cuter Into tho wants ot lifo
Tho great law of denmud nnd supply
nffecta tho vnluo ns it does iron coppor
or zinc All hnvo fallen in market vnluo
by moans of new discovcrios nud im
proved mothods of production -Senator
Sherman
L
I1
- t FREE SILVERS IN THE SADDLE 1
s w mfw Mtm vZggrx
YES BUT WHAKS DB SADDUL
COMMERCC NEEDS A STADLC GTAND
ARD
Vlco rrrehlcntlnl Cauilhlitct Uolmrt Shown
Why lolit Is tho llrit Mriunro or Value
In his letter accepting the Hepublicnn
nomination for vico president Hon Gar
ret A Hobart said
Tho money stnndnrd of tmront iintlon
should bo as fixed nnd pcnnntieut ns tho
nntton itsolf To sccuro and rctnin tho
best should bo tho desire of every right
minded citizen Besting on stablo foun
dations continuous nud unvarying cer
tainty of value should bo its distinguish
ing characteristic Tho tsperienco of
nil history confirms the ttutli that every
coin mndo under any lav howsoover
thnt coin may be stnmped will finally
command in tho markots tf tho world
tho exnet valno of the tnterlnls which
composo it Tho dollar of our errantry
whethor of gold or silver Elmuld bo cf
tho full vnluo of 100 cents and by so
much ns any dollnr is worth less than
this in tho market by precisely thnt
sum will Eomo ono bo defrauded
Tho necessity of n certain nnd fixed
money valno between nations ns well ns
individuals has grown out of tho inter
change of commodities tho trndo nud
business relationships which havo arisen
nmong tho peoples of tho world with
tho enlargements of human wants nud
tho broadening of hutnuu interests
This necessity has mndo gold tho final
standard of nil enlightened nations
If wo nro to continue to hold our
f placo among tho great commercial na
tions wo must censo juggling with this
question nnd mako our honesty of pur
poso clear to tho world No room Bhould
bo left for misconception nt to tho
meaning of tho language used in tho
bonds of tho government not yet ma
tured It should not Lo posaiblo for nny
party or individual to raiso n quostion
ns to the pnrposo of tho country to pay
nil its obligations in tho bust form of
monoy lccognfzed by tho cotnincrcinl
world
Any natiou which is worthy cf credit
or confidence- enn afford to soy explicit
ly on n question eo vital to every in
terest what it menus when such mean
ing is challenged crdonbtcd It iado
sirablo that wo should mako it know nt
onco nud nnthoritntivoly that nn hon
est dollnr means any dollar cquivnlont
to n gold dollnr cf tho present Etaudnrd
of weight and fineness
Tiling ailclit Ko Far Worse
It is n frequent exensoof unthinking
men for leaning toward frco silver
that things cant bo worso than thoy
WHO
18 TO BLAME
Tlio IYco Sliver Wolr Sort Thnt tho Bonnd
Money Lnmb I Disturbing rtuslneu
Tho wolf in tho fablo blamed tho
lamb for Stirling up tho bed of tho
8tronnt nnd ranking tho water muddy
But -said tho lamb tho wntcr runs
front you toward mo I could notlinvo
disturbed your drinking Oh well
tlio wolf rejoined if you did not your
grandfather did And ho straightwny
dined on young mutton
Tho silvcrito wolves who nro howling
calamity and threatening to overthrow
onr sound financial system pretend to
find nn exenso for thoir 10 to 1 schemes
in tho unsettled condition of business
Becanso loans nro being called in nud
capitnl Is timidly waiting tho result of
tho elections tho ndvocntcs of frco coin
nge say in tho words of their presiden
tial candidate Yon nro interfering
with business All nnfnvornblo indica
tions in trado nnd industry thoy loudly
nstribo to the gold standard nud tho
mnnufneturers who arc foro l to limit
their output by reason of tho refusal of
merchants to buy whilo there is so much
uncertainly nbout prices nro accused of
being goldbugs who nro purposely mak
ing hard times
It should bo easy for nil intelligent
voters to eco through tho hypocrisy of
tho silverlto claims Nothing can bo
moro certain than that instead of boiug
duo to tho gold standard any financial
stringency wiiicb may now exist is nl
most entirely caused by tho agitation
for a debased currency With a largo
number of ofllco socking politicians go
ing up and down tho country shouting
for cheap dollars and promising to cut
tho moasuro of values in two if thoy
gain cbntrol of tho government how
can business bo good A tight monoy
maricct simpiy means mat tbo owners
of capital aro unwilling to mako loans
Docs any rcasonablo mnrcxpcct that
tho threat of onabling bonjbjcrs to pay
thoir debts in 00 cent dollars is going
to encourago investors to part with thoir
capital On tho contrary is it not self
evident that tho clamor for n dobt re
pudiation policy is tlio real source of
business depression
So long ns there remains nny doubt
ns to tlio future financial basis of our
great industrial and mercantilo opera
tions so long will thoro bo anxiety nud
fear in tho commercial world Distrust
will ooutinuo to breed failures capital
will bo senrco nnd interest high debts
will bo hard to collect nud investors
will hesltnto to cngogo in productivo in
dustries This condition of affairs can
only bo remedied lit so far ns our monoy
stnndnrd is concernod by nn emphntio
declaration rt tho polls ngninst frco sil
ver nnd rll ether cheap money fnllaMcs
letting ltjeh In Their Mind
Tho nihrrilcs who nro dreaming of
great wealth to bo had for everybody
through tho rlmplo prccess cf calling CO
cents n dollar cliculd wnko tin lone
enough to tusk themselves tills question
If it dollars worth of property
mears n certain quantity of labor prod
ucts would thero lx any more of theso
products for tho ucit who wntit them If
wo say thut tho samo amount of proper
ty is worth 2 In other words docs nn
iuerenco in the prices of goods mean nn
Increased quantit of goods
By tho tin o llicy Jinyq thought out an
answer tn this question tho victims of
tho 10 to 1 delusion will bo nblo to sco
that though they might legislate that
every dollnrn worth of products should
bo worth 100 timm ns much tho only
chnugn would bo in tho minds of tho
men wlicr mnilo tho law Dreams of
great riches nto mighty poor substitutes
for lolid labcr products
lltcn if it wcro truothav frco coinage
nt 10 to 1 would inlco tliu pricoof
cr Low would that benefit tho grent
majority of Ihn American people Not
Uic ptrsoniin u thouMind owns a silver
Wine or has silver bullion for which ho
tVnuts u higher price But overyliody
ninls to buy silver in tLo form of man
sfitetttrcd articles if uio or ornament
and thetcforn wants it to Co ns cheap as
possible A echeuiu for mukicg glass
w aro ct Luiduaio clemcr wculd not ro
coivo much faor from the coiisumors of
than iuCr Is it ut all likely that tho
consumers cf filvtr manufactures aro
anxious to pay iticro fcr them
1 bold scuud ctttblo currency to be
nmong tho greatest CLCourngcicents to
iuduMry mid business generally nud an
unsound uud fluctuating now expand
ing und now coutrnUiug so but no
Loncst matt can toll what to do as
among tho greatest discouragements-
I John C Cnlhcun 1838
Wnltilmitteo of Totr btnl wSlwTi K5Tn Kaw 1 DiUlf waEKCYTMWff
ii 1 MMMrtiAi
EALL OF PRICES
1
NOT DUE TO APPRECIATION OF GOLD
OUT TO CHEAPER COOt OF
PRODUCTION
DYld A Well DIcnMe CM of Jflftll In
Compute Jtupers Soil Do
Morn Thnoi7 With Bllverltea GoldHM
Appreciated Theory Mriuurad ty Price
Of IJibor flold It Depreciating-
Tho Hon Dnvid A Wells nnthpt of
Recent Economic Changes rtnquio
grcntest Amcrlonn authority oil ho
cnuso of falling prices has n full pago
nrticlo on this subject iu tho Now York
Trlbuuo of Bopt 7 Iloflnds thnt thoro
hns boon n unlvorsnl fall in prioos aver
aging 00 or 40 per cent slnoo 1873 but
thnt it is only in this country thnt tlio
fall is attributed to tho demonetization
of silver Contlnnlnpho snys In part
Granting ns ovory intelligent person
must thnt tho recent unlvorsnl dcollno
in prices cannot bo duo to nny local
ngenoy but must bolnttrlbutcd to somo
nnivorsnl Influonco fit is claimed thnt
such nn Influonco ii4o bo fonnd in nn
npprccintion in thorvoluo or purchasing
power of gold owing to its limited and
insufficient supply and also that this
dcollno in prices followed tho so called
demonetization of silver in somo coun
tries nud tho closing of tho mints in
other countries to its coinage
Tho npprccintion of gold helped by
nn alleged enforced scarcity of silver
and a dccllno in prioo eccmi therefore
to stand to cnoh other in tho Tola t ion of
cnuso nud effect nnd tho cnuso of tho
ndvocntcs ot silver hns accordingly nt
thu outset much of plausibility But
plausibility is not proof nor assumption
truth as Is strikingly illustrated byiho
claim of tho Bov Jasper pastor of thu
First colored church in Ilfolunond Va
that tho sun do movo nnd tho earth
do stand still and who has moro of
scorning facts in support of his fnilh
than can bo Adduced by tho ndvocntcs
of tho gold appreciation theory for
cannot everybody with eyai sco tho sun
movo up every morning in tho cast nnd
movo down ovory evening in tho west
And it tho earth moves 10 miles every
iccond ns tho astronomer bugs tell us
would not every raovablo thing fly off
its surfaco ns mud docs from n revolv
ing carriago wheel And ns nothing
docs fly off is it not certain thnt tho
earth stands still
Investigation in tho cam of tho Be v
Jasper and tho advocates of tho gold up
prccintiou theory will howovcr lentl to
different conclusions It is to bo noted
in tho first place thnt thd advocatonof
thu latter theory in stating what they
nssoit to bo tho truth never cxilccs
themselves other than generally in all
that hns been written or spokou in rap
port of tho gold theory on cither nfdo of
tho Atlantic
No ono has over boon nblo to muno n
slnglo commodity that has uotablyi de
clined in prioo within tho last SO years
nnd satisfactorily proved or ovonj at
tempted to prove that each dcclinonvas
duo to tho nppreolstion of gold And
tho reason for such dcfnult is thnt it
cannot bo dona
On tlio other hand not n slnglo com
modity that has notably declined in
prlco within this timo can bo named in
respect to which clear abundant nnd
specific evidence cannot bo adduced in
proof that this dccllno has been duo to
decreased cost of production or distribu
tion or to changes in supply and de
mand occasioned lij wholly fortuitous
circumstances
Nobody furthermore baa over risen
fo explain tlio raotivo which has im
pelled tlio honest ncllcrs of morcliandlso
all over tho world during tho last 35
years to tnko lower prloai for Uiolr
goods in tho face of nn unexampled
abundance of capital and remarkably
low rates ot interest except for ono or
both of two rensons oxoesa of supply
or diminished demand Han nny ono
over attempted to explain how it lion
happened that daring tho recent period
oi tlio ran or prioos tho worlds stock of
monoy and especially of silver has beou
constantly increasing
Is it not plain that n phenomenal do- J
ollno of prices in two parts of tho world
with entirely different monetary condi
tions must havo hnd other causes than
a demonetization of silver in iho United
States which took plnce if it ever did
a compnrativcly short timo ago repeat
of tlio Sherman net in 1803 and which
has not prevented nearly 1000000000
of silvor credit monoy from circulating
in tho tho conutry nt its full nominal
vuluo
That tho prlco of labor measured iu
gold hns not doclluod but increased in
a marked dogroo ovory whoro iu tho civ
ilized world during tlio last quarter of
a contury has been nlrcady commented
on Jicuco it tho purchasing power of
gold hus increased during this period a
given amount of it would havo purchas
ed moro labor and not less or what is
tho samo tiling wages would havo fall
en which thoy havouot done
Measured by tho prlco of labor gold
has unquestionably depreciated and re
cent careful examinations indicate that
tho ratio of its dcollno has beou from
100 in 1878 to 83 in 1808 Measured
also by tho dcollno in tho rate of inter
est on such established gold paying se
curities as British consols tho ratio has
boon from 100 in 1870 to 70 in 1800
Can anybody suggest a bolter mcasuro
for testing this issno
Has any one over ondoavorod to ox
plnln how an appreciation of gold has
reduced tho cost of railroad nnd wator
transportation to tho extent of moro
than 70 per cent Within tho last 20
years although tho wages of employees
havo advanced during tlio samo period N
If on tho othor hand theso reduc
tions wcro cnuscd by tho suppression
of tho froo oofungo of silver will not a
roverslou of policy onablo tho railroads
to ndvnnco thoir froight rates and rob tbo
peoplo as will bo claimed by exacting
GO por cent moro than at present And
Will uot BOino Bunnlomontnrv nrovlslons
to tho frco colnago not bo necessary to 1
prevent moir so aoiogr
CndTKftWlf
mwiiriiiii mMtimiJiAiiiMtniBsviZ
SIMPLE 8UM3 Ton BILVEtllTEa
Irobleum Whlrli Cnn liwijr Ho r Inured
Out hy nlf t
A fntmor rnlrrn 1000 lindiols of
whrnt for whlrti ho iow Jjis 00
Willi Hint money 1 1 inj n vniious utudw
of tnntitifnolnrcd jn M lit low ptlcofl
With frfo coinage nt 10 to I lie might
get 1000 far lili Wheat tnt vnuld
cirliilnly hnvo to pny nearly twoo as
much fcr tho goods ho worth buy How
much would tho frrmtr jmlu from ti
cheap monoy soheiiiti which doubled tho
prlco of ho things ho gets in exchange
for his wheat
Tho Shermnn silver law ot 1R0O pro
vided for tho purrhato by government
of 51000000 oiineci of silver per year
Under tho operation of Hint law tho
prlco of silver utter h fhort sr milntlvo
rise fell Hlendlly from 0110 to 75eetils
per ounce If tho purchnro nnd storngo
of prnoticnlly tho tnlltp American pro
duet ion of silver could not prevent its
price from falling whnt reasons nrO
thoro for bollovlng thnt tho mcro not of
coining silver into dollars uud return
ing tlicm to tho ownern of tho bullion
will doublo tho prlco tf nil tho sliver in
tho world
A workinguma who depends for hla
llvolihood on tho sale of his labor to nn
employer Is now paid 3 per day In
currency based on tho gold stnndnrd and
kept on n parity with gold Jiy onr laws
This 3 will buynrolntlvely largo quan
tity of necessities If this country ndopls
frco coinngo and gees on to n silver basis
3 will buy only one half ns much of
tho goods tho workingmntt ncodr Slunv
how Inbor would bo benefited by n pol
icy which would cut tho purchasing
power of wnges iu two
Au investor having money to lend
wns npprooched by rt fanner who want
ed n loan for tho purposo nt buying now
implements additional stock nud somo
fertilizers If you will let mo hnvo
800 on tlio security of my laud nnd
buildings said iho farmer I will
voto for a frco silver law which will en
ablo mo to pay yoti back next year iu
dollars worth jutt half of thwo yon
lend mc Btato how much money Hint
investor loaned tho farmer nlto Iho
rnto of interest paid
A largo number of persons who com
plained that thoy wcro poor decided to
enact laws which would mako thorn ail
rich An thoir poverty consisted in tho
lack ot food clothes furniture hemic
nnd other forms of wealth they ngrcod
that instead ot produolng tho things
they needed thoy would set men to work
digging silver which they did not need
out of tho Becky mountain By so do
ing they expected that tho supply of
other lnbor products would in somo mys
terious way bo increased How much Is
twlco nothing and how will tho chang
ing ot silver bullion into coins mako
moro houses machinery or beef
If tho sound monoy voto in Vermont
increases tho Republican majority from
31000 iu 1803 to 88000 tills year how
long will it tako tho 10 to 1 Issue to
wipe out Uio cntiro Democratic voto in
thnt stnto Wiiiddkn Or ah am
Tho Tempting Storo Money Scheme
Thoro would bo n scramble to pick up
tho promlso did they not seo tlio string
to it
Thero Ham Ileen o IteiliitCon
When n si vcrllo urged yon to voto for
froo coluogo on tho grouufl thnt tho
crlmo of 73 reduced tlio monoy iu tho
country just show him theso figures
Tho money in this country in circu
lation not counting tho money iu tbo
treasury at two dntcji 30 years npart
was as follows
July IJ8T0 JnlyllSCO
Btntatonknotot I10I7S3S
Bulwldlary Mlvor 21055128 13000809
Fractional currency CtWSti
United Htatea notes C31447Srs SOiitS
HntlonM ImnU notes tHU307ai 21SIBlieT
flpocioonlaclnaraait 25000000
Ooldcoln 4MI24S3
Bllvor dollar C217urt
Gold certificates 43tE070t
Bllvor certificates C3ISaOCO0
Diierninn note M K5217aoi
Currency certificate 81840010
Total f7270j0a88 tlTOT25aD
Porcariltactrculatlon 11112 L115
Besides tho monoy in circulation thero
was in tlio trensury 111803340 of
gold to cover tho certificates and main
tain tho redemption of legnl tender
notes 878014040 silver dollars which
aro in tho treasury mainly becanso peo
plo object to receiving them and other
moneys aggregating 1081010081 Tho
wholo nmount of money in tlio country
iu 1870 wns 703083384 in 1800 In
cluding gold nnd silver bullion in thu
treasury tho amount is 2040807005
As long ns gold cither from its in-
trlnsio superiority its a metal from its
rarity or from Iho prejndlccs of man
kind retains so considerable a
iu vnluo over silvor as it has hith
erto had n natural contcqucnco of this
seoms to bo that its condlliou will bo
moro stationary Tho revolutions there
fore which may toko placo iu tho com
parative valuo of gold nnd silver will bo
chnnges in tho stnto of tho letter rather
thou iu that of tho former- Aloxnnder
Hamilton
Horao Noucnir
I dont think I am really ouychonpor
than I nEod to bo nrgued tho horse
I nra worth just as much as I over
W09 Tho blovolo has nnnreolntr il
Hints all Chicago Tribune
Lot farmers romombor thnt a 00 cent
dollar is just ns valunblo in thoir hands
ns it is in tho hands of thowngo oaruor
f5J
SS
renulnwKUOout