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The advocate. (Topeka, Kan.) 1894-1897, September 26, 1894, Image 12

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12
THE ADVOOATB.
A FAMILY JAR,
Continued from page ll.
democratic and People's party, assuring
success in the coming elections, both
this fall and in 1896, and we can elect a
republican president on that issue with
protective tariff, which gives a good ba
sis of a mutual meeting ground between
the East and the West It ia well known
that the People's party is not in favor of
coinage of any kind, but by youratti
tuda and some others on that question,
you have given them a ohance to put it
in their platform, and they are making
use of it to take men out of our ranks,
dscaiving them it is true, bat taking
them from us, nevertheless.
CONTRACTION GIVES THE CREDITOR AD
VANTAGE. You seem to think that all bankers
are in favor of contraction of the cur-
" rency, but in that you are in error.
The veteran banker, John Thompson,
V president of the first national bank that
was organized in New York city, then
vice president of the Chase national
bank, said in a paper read before the
national silver convention held at St.
f Louis, November 25, 1889: "Experience
and observation for more than fifteen
years have corroborated the correctness
of our views and oar theories. By throw
leg silver oat of the category of money
into the condition of merchandise, the
specie foundation of all credits and cur
rencies has been reduced fully one-half.
That was a contraction of 50 per cent.
It requires no far-sightedness to per
ceive that euoh unheard-of contraction
of the precious metal foundations of all
credits and currency would bs followed
by a decline in values of all properties
approaching 50 per cent This is the con
dition of things at the present day. This
is why wheat and othsr farm products
are worth only two-thirds of what they
would have been, had silver remained
as money. This contraction affscta the
mortgagor, making him apprehend ap
proaching bankruptcy, and givea the
mortgagee an unfair advataga. It gives
the creditor an advantage over the
debtor that ia so disaouraging that he
, feels like beooming a bankrupt rather
than making an effort to continue on a
financial paving condition. Therefore I
say that the demonetization of silver
has been and ia a wicked preference
given to the creditor over the debtor
classes of our entire population, and it is
this preference that is driving oar mid
dle classes into poverty and enabling
millionaires to multiply their millions.
Nothing, in my opinion, will save our
people from a social revolution so surely
as the full remonetization of silver and
giving it all the advantages we now give
to gold, both in law and in the ruling of
the treasury department. In short, the
mono-gold standard is a stepping stone
to anarchy nay, it is more it is a fl ght
of stairs leading to the chamber of horrors
panics, bankruptcy, suioide, repudia
tion, agrarianism and universal poverty
among all wealth-producers, for whose
welfare the best minds, the best states
manship and the best representatives of
all legitimate business interests should
ever be enlisted."
Look around you, think of what we
have Been in the past few years and the
gloomy outlook for the future and say
whether or not this prophecy has not
been realized, and that if a move is not
made soon in this matter it will not be
worse. In Rhodes Journal of Banking,
November, 1833, we find the following
from an Englishman: "It will never do
to allow the banks, bondholders and
creditor classes to dictate the financial
contract the currency of the world one
half by demonetizing silver if they could
have their way. Certain great Eiro
poan houses have urged such a course
in the past, and have fastened such a
policy on several Earopean countries to
their vast detriment. Bimetallism is
the only safeguard against the proper
money heresy. The world's supply of
gold is decreasing, and silver offers the
only relief from a contraction of the
world's currency. America has kept up
the price of her export crops of cotton
and wheat only by coining silver. Stop
its coinage and both crops will fall in
the markets of the world."
In the report of the English gold and
silver commission, composed of the fore
most statesmen of the time, given in
May, 1883, we find that they report as
follows:
"We are of the opinion that the true
explanation of the phenomena which we
are direoted to investigate is to be found
in a combination of causes and cannot
be attributed to any one cause alone.
The action of the Latin Union in 1873
broke the link between silver and gold
which had kept the price of the former
as measured by the latter constant at
about the legal ratio, and when this
link was broken the silver market was
open to influence of all the factors which
go to affect the price of a oommodity.
These factors happen, slnos 1873, to
have operated in the direction of a fall
in the gold price 'of that metal and the
frequent fluctuations in its value are
accounted for by the fact that the mar
ket has become fully sensitive to the
other influences to which we have called
attention above." Mr. Herman Schmidts
says in another plaoa in the same report
that: "He asoribsd the fall in prices to
the depreciation of silver by losing its
purchasing power, being demonetized
ana mat oimstaiiism would not cause
creditors to suffer, as debtors would be
rendered more solvent." Mr. T. Comber
says in the same report: "He thought
the appreciation of gold an advantage to
the country, because Eagland was
creditor nation, having made large loans
in foreign countries on a gold basis, and
receiving with the appreciation of that
metal a larger portion of the commodi
ties received."
B II ALL MONIED MEN DICTATE?
Taking this evidence from oar credit
ors, are we to be so blind as to not profit
by it, and when we, of the state of Kan
sas, all producers, or dependent on the
producers for our prosperity, shall we
allow a handful of foreign and eastern
moneyed men to dictate and legislate us
out of all that we have earned. Some
who argue as you do, say that we are
hard up only because of the loss of crops.
Suppose we take some evidence from a
banker in the state of New York, who
writing to me a few days ago, said in
answer to the inquiry, "how are times
with you?" "There is nothing new or in
teresting to relate with regard to this
country. Everything that the farmers
have to sell ia so low that some of them
are almost ready to abandon their farms.
They are really despondent Hops that
could have been sold at from 20 to 23
cents, will not now bring more than 8 to
9 cents. It makes a difference right
here of from $40,000 to 850,000." In the
United States Investor, August 11, 1801,
is described an abandoned farm in
Somerset county, Maine, 207 aores for
which (6,000 was offered. Later it was
offered for sale at $1,000 and now is
offered for $1,500, and no buyers.
Under the gold standard there is noth
ing but contraction of the currency, and
all addition to wealth is coin? to the
policy ci a country. Tney desire to money owusr it tha mns nf th
."79 money resree and dear, and would property owner and prodaosra. You say
that free coinage will enrich the silver
miners. As well might a farmer say
that he doea not want rain because
it will then benefit his neighbor.
Undtt the Sherman law we had coin
age of silver with gold redemption, the
most vicious Law that was ever enacted
and by a trial under that law you have
condemned silver coinage. When you
say you are in favor of coinage under
international bimetallism, you put it off
until there will be nothing left to bene
fit by it England is receiving too much
of our goods at low prices under the
ingle gold standard to ever consent to
such an arrangement, except possibly
to keep us on the anxious seat of expeo
tation while she flaeces us. Here is the
money plank of the republican platform
of 1888: "The republican party is in fa
vor of the use of both gold and silver.
as money, and condemns the policy of
the democratic administration in its ef
forts to demonetize silver." Following
that, is it not true republicanism to ad
vocate the remonetization of silver, and
is there any way of remonetizing silver
except by making its coinage free upon
a par with gold. If we mean what wa
say we must remonetiza silver, but any
law that does not place it on a par with
gold, so that gold does not measure its
value or purchasing power, will not re
monetiza it There ia one thing that
strikes me as being peculiar, that you
stand alone among the leading republi
can papers in the state in your advocacy
of what you call "sound money" the
only company that you have being small
fry that repeat what others say for want
of brains to say anything on their own
account I can respect an honest gold
bug who thinks he is best served by
that policy, having interests that tend
in that direction, but I fail to see how
you can excuse yourself for advocating
principles that do not benefit you per
sonally while at variance with the ex
pressed principles of the party that your
paper is intended to represent.
If you feel bound by any ties to say
nothing for the side of the question that
your party has espoused, would it not
be better for you to not keep harping in
nearly every issue on the "90 cent dol
lar, sound money, honest money" and
other pet names that gold-bugs are so
fond ot talking about There is no ne
cessity of repeating the "honest dollar"
theory which is advanced by those who
have received the benefit of the earnings
of the dishonest dollar that has been
filching money from the producers and
property owners for the past twenty
years and who have allowed the taking
rather than be called dishonest, how.
ever unreasonable the charge. Yours
very truly, A. E. Agremus.
The Priests of Pallas Grand Parade. Tues
day, October 2.
The Priests of Pallas at Kansas City will
parade this year Tuesday evening, Ootober
2, and the people who witness it are assured
of seeing the grandest prooeaaion of the
most beautiful floats ever produoed. This
popular organization can always be de
pended upon to furnish an entertainment
that will fully repay all the people who may
visit &ansas uity upon the oooaaion.
lhesuojeot chosen this year is one of un-
nsual interest, affording an excellent oppor
tunity for brilliant, artiatio effeotaandthe
Priests and their larsre corns of artists hare
taken advantage ol the oooaaion to charm
the seeker for the beautiful and to gratify
the student of the intellectual. Colored
fires and oaloium lights will render night
brilliant and many of the leading bands of
Kansas and Missouri will cart ioi pate. A
one fare rate for round trip has been made
for this oooaaion by the Union Paoifio sys
tem, good October 1 to 8, from points in
Kansas within 250 miles of Kansas City.and
Nebraska pointa within 200 miles, and many
special trains will be run. Karnival Krewe
parade on Thursday, Ootober 4, Afternoon
and evenipg. See your newest Union Pa
ciflo agent J. B. Fbawut,
ueu'l Ag't, Kansas Uity, Mo.
E. L Lohax,
P. P. & Txt Ayt, Omaha.
M0ESILL AND BLUE.
( Continued from page 1.)
I made application for reimbursement
under said act through J. R. S. Birch,
an attorney of Washington, Kas., and
the following is the yeply I received
from the commissioner of the general
land office:
DlPABTMEHT OF TH1 InTBBIOB,
VjZNZBATj LiAND U7FICX.
BIOB, )
Washington, D. C. SeDt. 30.1887. i
J.R. S. Birch, Esq., Washington, Kas.:
Sra Referring to your letter of 15th
transmitting application of James O. Parks
for reimbursement under act of Maroh3,
1887, on Conoordia, homestead entry No.
4993, F. C. 5847, for the southeast Quarter.
seotion 25, township 3, south rangs 3 east,
you are adviasd that the records of this
offloe show that the above described tract
is in the twenty mile or indemnity limits
of the grant to the St Joe and Denver City
railroad company, ths Withdrawal for whioh
did not take effect until April 15. 1870. On
April 12, 1869, H. Clalfeiler made declara
tory statement No. 3152, for the traotin
question, alleging settlement March 27.
1869, whioh thereby exospted the land from
the withdrawal to said company; Ootober
13, 1871, James G. Parks made homestead
entry No. 4993, for this tract; the land had
not been seleoted prior to Parks making
his entry, and the title derived by virtus of
the patent from the government is a valid
one.
The title derived from the Government
has not been set aside by a deoree of a
oourt; there has been no allegation of any
similar case, in whioh euoh a deoree has
been rendered, therefore, the claimant is
not entitled to reimbursement under act of
March 3, 1887. The deed for C. H. Janes,
Trustee, is herewita returned.
Very respeotfully,
Wm. A. J. Spabks,
Commissioner.
"Now, such is the man the republican
party wants to foist on the people of
Kansas. There is one other quarter in
Sec. 25, that he got money on after he
knew that the supreme court had de
cided that those holding under the rail
road company had no claim on it, and
when written to in regard to it he doea
not answer.
"In conclusion, I denounce him as a
fraud and cheat, and lower in the scale
or numanuy man the lot of house-break-era
and pickpockets who are his associ
ates in his rounds over the state.
Yours,
J. G. Parks."
Shawnee Count v Populist Ticket.
Clerk of the District Court J. O. Butler
Probate Judge C. H. Cuatenborder
County Attorney E, E. Chesney
Superintendent Public Instruction
Mien Nettie Wright
Representative Thirty-fifth District. . ..
J. J. Sohenk
Representative Thirty-sixth District. . . .
R. J. Sloat
Representative Thirty-fleventh District.
F. A. Kiene
County Commissioner F. S. Stevens
Quenemo Glee Club Song Book.
Just out, with a floe group portrait of
this famous glee club on the back of
eaoh book. Contains all songs a? sung
in Jerry Simpson's campaign of 1802, to.
gether with others that are now being
used in S. M. Scott's campaign in the
Fourth congressional district. Price 10
cents per copy, 75 cents per dozen.
Address A. M. Harvey, chairman.
room S3 Columbian building, Topeka,
Kas.
BOOKS
FREE I
One Dollar will pay for the
ADVOCATE a year, and
The Dead Line, or
The Legislature Conspiracy.
Which ever bock you atk for
will be sent. This offer will
not last Jong,

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