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Rock island Daily Arot
bTxL. M. 96.
. B. SAX.
HOCK ISLiSD, MONDAY, FEB1UJA1.Y 15, 18t:
M ngl Copies 8 Cent
Per Week ISM Cent
M. C. RICE.
leaning 'Em Out !
THEY MUST 60 !
Our new stock will soon be here.
Cost not taken into consideration. We
will quote you a few prices:
Worth $9.00, $1 1.00 and $12.00, for
Worth $12.00 and $1650, for
Worth $350, for
Worth $.00, for -
Warranted not to rip, worth $1.00, for
Worth $4.00 to $5.00, for -
Worth 50 cents, for
f for -
All other goods sold at the same reduction.
LO N DO
X & RICE, Proprietors.
10 THE PARENTS:
Wt Lay your Chil-
psfcuits until you
;c ur Grand Sprin
Bland's Defense of His Free
Leaders of Low Prices.
THE AEGEKTITEKOUS MONEY VIEW.
An Kiahorate Argument in Favor of the
Himetnllie Idea Xo Danger, Says t'.ie
Coinage Committee Chairman, of i:n
rope rtnnipini; Her Silver Over On
Tl-.l Slile, IlecHlife Mie Hasn't -Any to
Spare, anil Reeause There I to Money
in it The Two Standard and Trices.
Washington, Fib. 13. The report of the
committee on coinage, weights and meas
ures on the Bland free coinage bill was
presented to the house today by Wand,
who prepared il himself. It is quite volu
minous, covering every phase, of the silver
question, anil contains many extracts on
the subject from new spapers anil public
reports. After reviewing the changes
made by the committee on coinage.
weights and measures in the bill as orig
inally introduced, it discusses under the
head of "the dump of silver," the question
at issue as follows: "The familiar warn
ing that free coinnge would cause ship
loads of silver from other countries to be
brought here and dumped at onr mints in
exchange for our gold, is still urged. How
can this be under the bill or proposed law? j
Couldn't Get tiold for the Silver. I
"The ship load of silver brought to our !
mints by the foreigner would be coined'
Into standard dollars, and those dollars re
turned to him. but he could not go to our
treasury and demand gold for them. Xor
can lie compel one of cur citizens to swap
hint a gold dollar for a silver dollar; that
is a voluntary trade that no law ought to
interfere with. Should the foreigner take
coin notes for his bullion instead of coin,
the same thins happens, lie can take his
coin note to the treasury and demand re
demption, nut the note is redeemable in
coin and the secretary of the treasury could
hand him back, the coin struck from his
ship load of bullion. i
Would Find Out His Rlmider.
"The foreigner then would ascertain that
he had committed the blunder of bringing
silver to our mints when it is worth 3
cents on the dollar less than it was at
home and he loses this 3 cents and cost of
the transportation besides. What, then,
will he do with his money? He must
eit her invest it in property here or go home
with it. He could not buy gold with it, or
gold exchange, unless gold and silver were
at par; in this case then there could be no
reason for preferring the one metal to the
other. If gold went to a premium he
would have to pay the- vi''"iluM"W TiTs
exchanj', thus entailing on him addi
Prosperity Here, I'anir in Knrope.
"II he invests his ship load of silver
money In our property and business en
terprises it would at once stimulate indus
tries, awaken enterprises and give us a
healthy business and sound currency.
What more could be desired Every ship
load of silver thus brought here and in
vested in productive wealth would have a
two fold effect. It would bring unexampled
prosperity to this country. The next would
be panics in the Old World. Bnsinsss
men wonld be paralyzed for want of
money. Prosperity here and stagnation in
the old countries would force ship loads
of people to come to this country in search
of their lost money. The nations of t he
Old World are aware of this, and they
would see that no such thing occurred.
NO ACCUMULATION OF SILVER.
Kland Saya the Old World Has No Silver
Proceeding Bland asserts that nowhere.
In Europe is there any accumulation of
silver to send over here. There is none in
Germany, England. Portugal or anywhere
else over the ocean, all tliey have being
needed for subsidiary coin. He then re
fers to the ''conspiracy formed in the Old
World and carried through here" to make
a single stand.-ird universal, by which he
says the stck of gold "decreased 50 per
cent., roe rapidly in volume, thus adding
50 per cent, to the value of credits, enrich
ing creditors, public and private, at the
expense of debtors and taxpayers, and
enormously depressing the value of labor
and products of labor, as compared to
notes, bonds and mortgages."
Free Silver Terror to Conspirator.
Free silver, he says, is a terror to these
conspirators; that if the United States
adopts that system (free silver) the status
of silver can never again be disturbed. Ite
ferring to the argument that free silver
will give $ 1 for what costs only I cents to
produce (the bullion in a silver dollar),
Bland says it only costs a day's work J4
to obtain gold that we coin into $100. But
he adds that there is eo way to say what it
costs to produce an ounce of either metal.
The gold miner, however, has a monopoly
of the mint and it is only fair to give the
silver miner an equal chance. The mining
question, he savs, however, has nothing
really to do with the matter.
The Hoarding of Cold.
Further along the report says: "That
the change proposed in our currency laws
involving the complete restoration of the
bi-metallic standard and a return to the
coinage of bath metals on equal terms,
will cause, for the moment, some appre
hension and probably a disposition to
hoard gold may be expected; yet any evils
that may result must, from the nature of
the situation, be transitory. No import
ant change that effects our financial sys
tem can be made without causing some
inconvenience or friction somewhere. Yet
it will not be contended that our laws re
lating to the currency, or to the tariff or
other modes of ta&atica are never to be
altered. The ultimate good to be obtained
is, and always lias been, a sufficient argu
ment. To restore silver now would not
make the radical change that was effected
In our currency laws thatthe act demone
tizing it did.
The Effect Hoarding Would Have.
"To take 600.000,000 of gold out of our
circulation j immediately and before the
vacuum coma oe suppneu oy iree coiuaga
would necessarily lower prices to such an
extent that eold would buy more common
ities than now. This fact would at once
cause gold -to be imported instead of ex
ported. It would cause gold to oe Invested
Instead of - ioarded. Gold cannot be
hoarded or exoorted at a profit till souu
other forms ot money taue its puice m Air
Couldn't A (lord to Do It.
"A few timid people and miser.; may
for a moment hoard gold, but the gold in
this country for the most is held by a class
of our citizens who art tooshit wd and Alive
to their own interests to drop this gold in
the sea or bury it iu the ground from
whence it came and wheuce il will con
tinue to be extracted. The holders of gold
could not ad would not bear the loss of
so much dead capital; at least they would
do no more with gold than they arn now
doing loaning it out in contracts for the
return of the principal and interest in
gold. We are now suffering all the evils
alleged against free coinage by its op
ponents without realization of many ofjthe
benefits of free coinage claimed by its
MONEY AND OUR PRODUCTS.
1 fleet of the Value of Gold and Silvel
Wit h reference to the effect the compar
ative value of gold and silver has on the
prices of American products, the report
says: "The fact that nearly the whole of
our exports of agriculture go to European
cold-using countries to be sold in compe
tition therewith others on the single silver
basis is cited by economic writers of this
country and of the Old World to show the
disadvantage of the American farmer in
such competition. It is claimed, and the
history of prices show, that as silver falls
as compared to gold, so in about the same
r.it io the prices of our farm products fall.
To say that silver is low is tantamount to
saying that the price of cotton, wheat, and
ot lier farm exports are depressed.
Why These Things Are Thus.
"The reason is plain. Countries having
this silver standard avoid as far as possible
liquidating foreign debt sin money, for the
reason that silver is, as compared with
gold, depreciated. To settle foreign
balances, therefore, in silver entails a loss
of the difference in exchange between the
commercial value and the coin value of
silver. Hence the silver standard coun
tries, instead of sending their money to
pay foreign balances send wheat and cot
ton and other exports, which, in their cur
rency, have not lost their value at home ot
American Variner at a Disadvantage.
"This system works as an indirect bonus
from all such exports in silver standard
countries. Not so with the American
farmer. Here silver is coined on gold ac
count. We arc thus tied to the single
gold standard; consequently when gold
goes up as compared to silver, cur wheat.
cotton and exports fall in price. In other
words, as silver falls below gold so falls
the export trade and farm products fall in
price." The American farmer with the
farmer from silver using countries gets
Ins rav in. joiMJapt- product- out in
America he cannot Wtf IffivvV at a profit,
while the farmer of silver using countries
can. Free silver puts silver and gold on a
practical parity, thus putting the Ameri
can farmer on an equality with silver-
No rarity Except with Tree Silver.
The report declares that parity in the
two metals cannot be reached by the pres
ent method, which is in principle gold
monometallism. But "silver bullion un
der free coinage cannot fall below the
value which it is declared by law to
have in all payments. It cannot fall be
low that value which the government
gives it at the mint, because the mint is
an open market for all at fixed prices."
The committee contends that this country
can coin the two metals freely and at par,
and cites t he financial history of France as
illustrating this point.
THAT GOLD LISTING SCHEME.
What Is Said of the Chicago Ides at
Washington. Feb. 15. The proposition
reported from Chicago Saturday to have
gold bullion listed on the Xew York Stock
Exchange was stated to officials in the
treasury department by the reporters and
the first comment on it was "Hot." In the
office of the director of the mint, Mr. Leech
himself being absent, it was pronounced
tone absurd. "An ounce of gold will al
ways be wort h an ounce e.f gold and under
the present law will coin fiO.tiT."
A 1'reminm in Silver Fnssihle.
"Suppose the free coinage bill should be
come a law J"
"In that case it might, as Mr. Kcnnett
says, command a premium, but it wonld
be in silver that is, the premium would
be in silver.
Proceedings In the House.
Washington, Feb. 15. In the house
Saturday a resolution was adopted for an
uvestigation of the "sweating" system to-
gether with what increase of wages, if any.
iaa resulted from the McRmlcy bill. The
ill requiring officials and directors of
banks to make applications for loans to
the directory was passed. A bill author
izing the board of managers of soldiers'
uome: iu appoint, as oiuccrs 01 tne nomes
veterans without regard to rank, was
passed; also a bill abolishing the minimum
sentence for violation f the internal rev
Death or I'rof. t has. Kiliott.
Eastov, Pa., Feb. 15. -The Rev. Charles
Elliott, 1). I)., I-I- I)., born in Scotland,
March 15, 1M5, graduated at I.afayette in
1840, and for the past decade instructor of
Hebrew at that institution, died yesterday
of the grip. His home is in Chicago, his
duties requiring his presence at Lafayette
but three months in the year. The Rev.
Mr. Elliott was a professor of biblical
literature in the Presbyterian Seminary,
Chicago, from 18C3 to 1882.
Itridge Jumper Stanley Hart.
Cincinnati, Feb. 15. Meredith Stanley,
he bridge jumper, leaped from the sus
pension bridge into the river at 11 o'clock
Saturday morning and sustained Injuries
which will probably prove fataL He is
King in his bed at his room at IOCS Vine
street, Buffering intensely and unable to
talk. In his descent from the bridge he
attempted to turn a somersault, but failed
and struck the water sidewise. He made
the jump for $.
The Free Coinage Hill Petition.
Washington-, Feb. 15. The Democratic
members of the house who have been dis
tributing petitions asking the committee
on rules to select an early day for the con
sideration of Bland free coinage bill had
obtained lis signatures when the house
adjourned Saturday afternoon. This is
is more than a majority of Democratic
States to Itorrow I'roai Cncle Sam.
Washington, Feb. 15. Representative
Clover, of K;ins;is, has introduced a bill
authorizing a state, for the purpose of in
creasing transportation facilities, to bor
row money front tUe government secured
by slate bonds bearing 2; i per cent inter
est to an amount not exceeding 15 per
cent of the taxable value of its lands.
New York Snys It Is "Bosh."
New York, Feb. 15. Chicago dispatches
received Saturday asserted that Mr. Hop
kins, of Kcnnet, Hopkins & Co., intended
to make au application to the Stock Ex
change to have gold listed the same as
silver. No such application was made at
the hxchanire. aud Secretary Ely char
ncterized the statements as "bosh." Mr.
Hopkins was not at his office Saturday.
The Crank in the Conrt ChapeL
Berlin, Feb. 15. A mild sensation was
caused in the court chapel yesterday while
the Kaiser, Prince Henry, the Grand Duke
of Baden, and other royal personages were
present, by a man in the audience ris
ing aud crying out loudly and solemnly to
the preacher, Dr. Vieregre: "Your words
are useless; behold the millenuium is at
hand." The disturber was about to con
tinue Lis remarks, but before he could
utter another word the vigilant attend
ants had seized him and hustled him from
The World's Fulrand the Appropriation.
CHICAGO, Feb. 15. Saturday members
of the World's fair national board of con
trol sent a report to President Harrison on
the subject of the proposed appropriation
The board iuformed ' President Harrison
that since the date of its last report the
Chicago directors had decided that they
would not ask congress to lend them
.000,b(H and that the whole subject of an
appropriation was now being discussed by
the two governing wxlies if the lair.
The Whipping Post in Delaware.
Newcastle, Del., Feb. 15. Nine prison
ers were Saturday afternoon fastened to
the whipping post and given from three to
twenty lashes bv She'iO" Simmons, accord
ing to the grade of enme for which they
had been convicted. Three of the uumber
convicted and st-ntrncwd for more serious
crimes, in additiou to the whipping were
obliged to rcmaiu in the jullory one hou
Ingalls to Join the Grand Army.
Atchison, , Kan., Feb. 15. The applica
tion of Hon. J. .1. Ingalls for membership
in the John A. Martin post of the Grand
Army of the Republic was favorably acted
upon by the committee Saturday. He will
become a member in tune to participate in
the state encampment.
From Every Pulpit in the County.
BEPFOiiD, Pa., Feb 15. An appeal for
money for the relief of the Russian suffer
ers was made yesterday from every pulpit
in Bedford county. A movement is on
foot among the public schools to take
steps toward raising rt oney for the same
Cut the Indian Appropriation.
Washington, Feb. 15. The house aom-
mittee on Indian affairs held a meeting
Saturday and considered the Indian ap
propriation bill, which was cut to $800,000
less than the bill of last year.
wpAver Office Destroyed.
H AliKlsBVKG, Feb. 15. The weekly
Chronicle office, Wagner's store, and sev
eral other ouildings at Elizabeth town.
were burned Saturday morning. Loss,
Died Trj inp to Save Her Child.
Chaiilottk, X. C, Feb. 15. While three
children were playing on the railroad
tracks at a station on the Western North
Carolina railroad a few miles west of A she
vine a freight train approached. Their
mother ran out to rescue them and the
mother and one child were ground to
pieces. The ot her two children were bad
The l.oea.1 .Mnrkets.
Office Rock It land Diii.T Ann Wkkklt Anora, I
hock island, in., r en. is. lsys
Bran - sic per rwt ,
Shipetnff fl.OO per cwt.
Hav Timothy. VtSLVi; urairie. 172.11 : clover
SS&10; baicd.Sil 50.
Butter wirtn choice, Soc: creamery, 2S&29c
Egcs Freh,2:Jc; packed. 20c.
Poultrv Chickens. IGfiUVl : terkevf. 15
ducks. r.''ic: peese, 10c.
fbcit an vecxtabi.es.
Apples JS 25Q.J2 75 per hbl.
Turnip ti !rc.
Catt'e Butchers pav lor ct.rn fed steera.
8m&4!4c; cowe and Heifer, $S-'lc; calvea.
Keep "c-" Money
Lestf than Half the price
of other kinds. .
A TRIAL WILL PHOTE TUlsi
Halves, I Or.
ISoId by Grooera
( b Cans only.