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?rV T," st hr fa TWICE-A-WEEK PLAIN DEALER. it FRIDAY, MAY 29, 1890. V. W. R. & F. J. MEAD, PUBLISHERS W. R. MEAD, EDITOR. Official Paper of County. The Germans and Silver. The Dyersville Commercial, whose editor is a German by nativity and familiar with the character and the habits of thought of the Teutonic race, explains why it that German Americans are opposed to the siDgle gold and in favor of the bimetallic money standard. It says: The Dubuque Herald is trying to educate the shrewd Yankees, Irish and others on the financial question which is now interesting the people of our country as much and more than the tariff question did a few years ago. The Germans the Heruld is holding by patting them on the back and telliDg them that they are all right and will stand by the single gold standard and "sound money," and in the moantime it sets them up as an example for the other national ities to take pattern from. The Her ald make a scapegoat of the Germans to advocate its single gold standard and basely misrepresents the most ''Intelligent portion of that nationality. They are all in favor of "sound rnoi ey" it Is true, but no intelligent Ger man claims that gold coin alone is sound money but he claims that all primary money issued by the United States government is sound money. Let this primary money be gold, sil ver, nickel, copper, or paper money [commonly called greenbacks] and the Germans will call it "sound mon ey" and will exchange their products for the same. But the Germans do not think that secondary money is "sound money.'' Among secondary money they claim such as national bank notes. It is with such money that our country is flooded at present. This kind of money is too dear for the farmer, and makes his hogs and other products too cheap so that he can hardly pay the interest on his debts. The Ger mans know full well that the people of the United States are taxed to pay interest on those government bonds, which the bondholders hold free of taxation, and upon the strength of which the bondholders issue their na tional bank currency, upon which the borrower must again pay interest. The Germans are a hard working people and will thrive where many others would not, but they know full well that a man can never succeed under the present financial policy of our government, and next November they will vote for the free and unlim ited coinage of silver and gold as it used to be from the days of Washing ton down to 1878. Boies and Morgan. The Inter Ocean of yesterday says all the talk at central democrati headquarters in Chicago is for Boies or Morgan for the head of the national ticket. Boies, of Iowa, it is said would unite the friends of silver throughout the west, and the silver men of the south would rally to Sena tor Morgan of Alabama. It is argued that the silver movement will receive little support in the east, therefore, it is not worth while to go there for a candidate. The Chicago silver men claim to feel certain that their wing of the party will control the coming convention in everything-from organ, ganization up to platform and noini nations. They say the two-thirds rule will be wiped out and a majority rule prevail. In point of ability and per sonal character both the distinguished men named are exceptionally strong, Boies is easily the peer of any public man in the west and the same may be said of Morgan in the south. lie has long been a commanding figure iu the United Htates senate, honored and trusted by his colleagues in that body. —Des Moines News. How the laborer is farm- under the gold standard he already knows. How he will fare under the iadeliuit3 maintainance of that standard is suggested by the Hazzard circular, issued on behalf of London capitalists -to New York Bankers in 1862. The civil war was then in progress, and in his circular Mr. Hazzard said: "Slav ery is likely to be abolished by the war power and chattle slavery de destroyed. This, I and my European friends are in favor of, for slavery is but the owning of labor, and carries with it the care of the laborer, while the European plan, led on by England, is capital control of labor by controlling wages. This can be done by controlling the money." Dubuque Telegraph. The Des Moines Leader, as a dem ocratic sheet, has been and is simply a bunco steerer for the republican party. Henry Stivers, its former own er and publisher, from a delegate to the republican state convention made his first appearance as a democrat with his ownership of the Leader the only difference between his democ racy and republicanism was in the name. The present publishers are no better. Strauss, though a democrat' gives its editorial management to his partner, Dawson, who is a republican and was an editorial writer on the Register, and who utters no better demooracy for the Leadert han he did for the Register. It's sham democracy out and out. ARRAIGNS CARLISLE. Gov. Altgeld Writes an Open Letter To the Secretary oi The Treasury. In Which he Tears to Pieces the Re cent Address by Carlisle on the Money Situation—Character izing That Spc-ech as filled With Sophistry. Secretary Carlisle lias been answer ed by Gov. Altgeld. Iu a pointed open letter the governor replies to the address ou the money question which Secretary Carlisle recently de livered ut the auditorium in Chicago. Gov. Altgeld's letter is as follows: A t( a^her should be willing to an. swer questions. At. the close of Mr. Carlisle's speech, a number of gentle men arose and asked for further in formation, but he turned liis back and slipped off the stage, aud, by di rection of his managers, the question ers were hustled out by policemen. He could have made liiuiself very in teresting* on a number cf points which he persistently iguoiel. In 1878, when discussing the money question in congress, he expressed his convictions in the following lan guage: I shall not enter into an examina tion of the causes which have com bined to depreciate the relative value of silver and to appreciate the value of gold since 1873, but I am one of those who believe that they are tran sient and temporary in their nature, and when they have passed away or been removed by the separate or un ited efforts ot the nations most deep ly interested in the subject the old ratio of actual and relative value will be reestablished on a firmer basis than ever. I know that the world's stock of precious metals is none too large and 1 see no reason to appre hend that it. will ever become so. Mankind will be fortunate indeed, if the annual production of gold and silver coin shall keep pace with the annual increase of population, com merce and industry. According to my view of the subject, the conspir acy which seems to liav6 been formed here and in Europe to destroy, by legislation and otherwise, from three sevenths to one-half of the metallic money of the world is the most gi gantic crime of this or any other age. The consummation of such a scheme would ultimately entail more misery upon the human race than all the wars, pestilence and famiues that ever occurred iu the history of the world. It means instauteous destruc tion of half the movable property of the world, including horses, ships, railroads aud all other appliances fur carrying on commerce while it would be felt more sensibly at the moment, would not produce anything like the prolonged distress and disorganiza tion of society that must inevitably result from the permanent annihila tion of one-half of the metallic mon ey of the world. CHANGE OF IIKART. It will be seen that this language is clear and emphatic and has none of the sophistry and pettyfogging about it that are found in his Chicago speech. His awful prediction made in 1S78, came to pass. He not only saw his own prophecy fulfilled, but he saw the misery of his country be come even greater than he had pre dicted. Finding that his views had been correct, he continued to hold them until he entered Mr. Cleveland's cabinet, when in some mysterious manner, there was a change of heart, but for some reason he seems unwil ling to talk about it. There are two other members of the cabinet, Hoke Smith of Georgia, and Herbert of Alabama, who like Carlisle, had made their voices heard for nearly a life time in demanding the restoration of silver, and in denouncing the great conspiracy that struck it down and strange to say, when these two men entered Cleveland's cabinet, they un derwent a chauge of heart, and like Carlisle, they avoid talking about it. When Saul of Tarsus, saw a great light and changed his views, he was anxious to tell all the world about it but these three statesmen seem to be ashamed to discuss the manner of their couversion. Why did not Car lisle throw a little light on this ques tion? fc'econd—All of these men now de nounce those people who are opposed to the single gold standard as be'ni scoundrels aud lunatics, yet they are only following the doctrines which Carlisle aud company preached. Are we t.hen to infer that Mr. Carlisle and his two cabinet associates were scoundrels and lunatics until tliejr got to be old ineu, aud that then the tinsel of a cabinet position not only made them honest, but gave them brains? If not then how are we to know which end of their career was honest, intelligent and patriotic? For in the absence of any explanation some of us may think that they were honest and patriotic when in the vigor of their manhood they were standing by a wronged people, and that it is the latter end of their car eer that is destitute of honesty, intel ligence or patriotism. Carlisle should have told us. Third—Mr. Carlisle should have ex plained why it was that for 200 years gold and silver held the market ratio of about lOi to 1. The ratio fixed by law was 15 to 1, in some countries 15 to 1, in most countries and for a while 10 to 1 in our country. In other words, the market ratio, as shown by the tables, remained practically the same as the statutory ratio during all that time. If the two metals cannot stand together, how does it happen that they did so without serious flue tuation for 200 years notwithstanding the fact that the annual production of each metal varied greatly from time to time? Fourth—If only one of the metals can be a standard and a measure of the value of things, and if a "com bined standard of both gold and sil ver is as impossible as it is to have two yard sticks of different lengths why was it that some of the greatest financiers of the world, and particu larly Baron Rothschild, stated in 1869 that it was the sum of the two metals taken together which formed the measure of the value of things? No matter which metal might for a time predominate, nevertheless the sum of the two taken together was the meas ure of the value of all property. If the same countries had stricken down gold by law and destroyed it for monetary uses, and made silver the sole standard, would not silver have gone up, and the purchasing power of gold gone down? Fifth—Mr. Carlisle should have ex plained why it was that iu every country where silver was stricken down it was done by the arbitrary act of government and that neither commerce nor business had anything to do with it. CALLS IT A CRIME. Sixth—It is a fundamental law ignized by all gold standard finan ciers, except recent converts, that when the volume of money in the world is reduced the selling price of all property and commodities goes down correspondingly, therefore wip ing out by law nearly half the money of the world held to reduce the sel ling price of commodities proportion ately. Aud inusmucli as the debts were not reduced, as interest was not reduced, and as taxes were not re duced, does not Mr. Carlisle think even now, just as he did in 1873, that a great crime was committed against the entire debtor class aud against the producing class by bringing about a condition of affairs by law which compelled the debtor, the producer and the laborer to sell twice as much property or labor as were formerly necessary to get the same amount of money? Seventh—If prices are so reduced that it takes everything the debtor can get together to pay his fixe.d charges, and everything the laborer can get together to buy a little coarse clothing and plain food for his family can either the debtor or the laborer spend much money for other articles? And if he oannot, than must that not result iu the destruction of what we once called our great home mar ket? If this is destroyed, so that our factories and Industries are unable to dispose of their production?, must they not shut down aud throw labor out of employment? Is not that ex actly what has happened in this country? Eighth—As the laborer prospers most when there is a large demand for the articles he creates, does it not necessarily follow that, until there is a rise in prices, so that the debtor class and the producing class can again do large miscellaneous buying there is no hope for the laborer? Ninth—As there cannot be a gener al rise in prices without an# increased volume of currency, must not the present paralysis and stagnation con tinue in the world until the volume of money is again restored to what it was before silver was stricken down? Tenth—There are in the United States over 9,000 banks including national, state and private. The comptroller of the currency, one of Mr. Carlisle's assistants, received re ports from these banks, showing the total amount of money of every kind that each bank had on July 11, 1895. From this report it appears that there were in round numbers only $127,000, 000 of gold in all of the banks of the United States. This was all of the available gold in this country. There were about $100,000,000 in the treas ury at that time, but this is not avail able. Mr. Carlisle did not refer to those figures which are known to be accurate. But instead he cited the figures given out by the director of the mint, also one of his assistants, in which it is claimed that there are about $600,000,000 of gold in this country. Mr. Carlisle must know that these figures are incorrect, and that the tables given out by the di rector of the mint on this point are worthless, because it appears from his report for 1892 that he assumed that every dollar put in circulation since 1872, in this country is still in circulation, exept where record was made of its exportation, aud that ho has made no allowance for the money that was carried over the northern boundary and our southern bound ary for twenty-four years, nor for the money carried back by Chinese dur ing that tijje, nor for the gold coin used in the arts and not reported during that time, nor for all that was lost, nor for all that was carried across the ocean iu the pockets of our people during all those years. Yet the director says in his report of 1891 that during the Paris exhibition tiie total sum spent by our people abroad in one year was over ninety million dollars, ty hy does Mr. Carlisle use figures that he knows are incorrect aud are manifestly given out only for the purpose of misleading the American people on the question as to the amount of money they have iu circulation? THE- BOND CONTRACT. Eleventh—A year ago Mr. Cleve land sent for his former law partner and close friend, and, through him, Cleveland and Carlisle made a secret contract with another friend, who was a former client of Mr. Cleveland, by which that friend and his associate speculators were enabled to make nine or ten million dollars out of the government in a few weeks, on a small bond transaction. And the reason given for this extraordinary and even criminal procedure was that the speculators and sharks of Wall street had agreed to protect the government against the gold raids until the following November. That is, the wealthiest, the most enterpris ing, the most powerful, the most in dustrious and the thriftiest nation of the globe paid tribute to a small band of speculators for protection. And when the month of November arrived, these speculators withdrew their protection, and then the gov ernment proceeded to issue another $100,000,000 of bonds, thus increasing the burden's of our people. Now, Mr. Carlisle might have expatiated on this, and pointed out to the American people the lofty character of the statemansliip.involved in these trans actions for strange to say, many of our intelligent people are utterly un able to comprehend it. While Mr. Carlisle does not seem to have been a success in the capacity of bunco steerer among the laboring men of Chicago, there are many points upon which he could be very interesting, aud I would suggest that they brir him back and let him talk about matters in which he is at home. [Signed] JOHN P. ALTGELD. Carlisle's Inconsistency. The administration press of Iowa and other states is reproducing the part of Secretary Carlisle's Covington speech in which he denied that he had ever favored or voted for the free coinage of silver at 16 to 1 or any other ratio. The reproduction of the extract makes it necessary to say that when the secretary made his tateuient to the people of Covington he forgot a letter which he wrote in 1890, when he was a member of the United States senate. In that year, when the measure was before the the senate, he voted against the Sherman purchase bill, and this so (•ffeuded the Farmers' Alliance of Kentucky lhat it. passed resolutions criticising him. Thereupon, fearing the consfquences, a gentleman named Smiili, a member of the Ken tucky legislature, a supporter of Carlisle, aud who, through the latter's iuflueiice, has s:nce been ap pointed fi district attorney, wrote to the senator and asked him to explain his vote. Carlisle complied. lie wrote as requested, aud bis letter was published in the paper of which Mr. Siu:tli was the editor at Gib raltar, Ky., on Ihe 26ih of January, 1890. The epistle is as follows: Hon. W. M. Smith, Mayfield, Ky: DEAR SIR—Your favor of the 13th inst., is lust received. Every demo crat in the senate voted against the silver bill as it was finally amended and reported by the conference com mittee, we believed it was worse than the existing law. If the Farmer's Alliance of Graves county believe that this republican measure, which substantially stops the coinage of silver dollars after one year, is better than the democratic law of 1878, they are of course entitled to their opinion, but I do not agree with them. When the original house bill was under consideration in the senate, I voted to amend it so as to provide for the free and unlimited coinage of silver dollar, and that amendment was adopted. The house, however, refused to agree to this amendment, and then a conference committee was appointed, which struck out free coinage, and this is the bill I voted against. I send you by mail all three of the bills. Yours truly, J. G. CARLISLE. To satisfy the agricultural element of liis state and to obtain its support, Carlisle explicitly declared in this letter that he voted to amend the Sherman bill "so as to provide for the free and unlimited coinage of the silver dollar." Yet five years later he assured the people of Covington aud the country that he never voted for the free and unlimited coinage of silver. Whether he told an untruth in his letter to Smith, or deliberately falsified iu his address at Covington is a matter upon which Carlisle should write another letter of explanation.—Dubuque Telegraph. The Senate the 23d voted against any more bond issues by the president and secretary of the treasury by vote of 3-1 to 20. That our readers may know who are in favor of giving the president and his secretary unlimited authority to bond the country iu the interest of the money lenders of Eu rope we pubhsli the names and the party to which each claims to belong: Mr. Butler renewed his motion to lake up the bill pruliiliitiiig the issue of interest bearing bonds. The mo tion was carried as follows: Yt-as! Republicans—Brown, Dubois, llnnsbrougli, Mitchell (Or.), Perkins, Pettigrew, Piitciiard, Shoup, Teller, Thurston, Warren and Wilson, 13. Democrats Bacon, Bate. Berry, Blackburn, Oliilt.ou, Cockrell, Daniel, George, Harris, Jones (Ark.), Martin. Mills, l'asco, Pugh, Turpie, Vest and White, 17, Populists—Allen, Butler, Kyle, Pfeifer, Stewart, 5. Total, 84. Kays: Republicans—Allison, Baker, Burroughs, Chandler, Davis, Frye, Gallinger, Hale, Hawley, McBride, McMillan, Morrill. Nelson, Sherman aud Wetuiore, 1". Democrats—Catfi-ry, Grav, Hill, Liud6ay, Vilas, 5. Total, 20. The logical Republican ticket for 1800 is: For president, Geo. M. Pull man, of Italy vice-president, Andrew Oarnagie, of Scotland platform, "to hell with the workingman.—Chicago Times. And would this be a hummer for the Cleveland democrats aud .the Sher man republicans? For president, Baron Rothschild, of Engiand vice president, the Kickelheiiuer-Morgan syndicate, of Europe platform, the American people be d--d. Much in Little Is especially true of llood's i'ills, for no mcdl cine ever contained so great curative power in so small space. Tliey are a whole medicine Hood's chest, always ready, al ways efficient, always sat- E3 II A a to a 1 I I I or fever, cure all liver ills, sick headache, Jaundice, constipation, etc. 2Sc. The only rills to take with Ilood'a Sarsaparilla. President Jackson, in his famous message vetoing the bill to re-charter the United States bank, warned the people against the danger of organi zation of the banks of the country. He said In part "This boon conceded to the state banks, though not unjust in itself, is most odious: because it does not measure out equal justice to the high and low, the rich and poor. To the extent of its practical effect it is a bond of union among the bank ing establishments of the nation, erect, ing them into an interest sepurate from that of the people, ard its nec essary tendency is to unite the bank of the United States and the state banks in any measure which may be thought conducive to tlnir common interest." lfih organization of the banking institutions of President Jackson's day was a dangerous thing, how much more so the must be at the present time in view of tli fact that tbey have increased both in number and capital invested many fold, and therefore in influence aud power. Aud they are organized at the present time, and act together like a great army, therefore the warning of Old Hickory is worthy of consideration.— Clayton Co. Democrat. EDISON AND BELL MEET. Notable Invontorg Come Together at tho New York Show. Thomas A. Edison aild Alexander Graham Bell shook hands the other day at Grand Central palace at the national electrical exposition in New York city. Few persons recognized in the modest man who came through the turnstiles at 3:30 o'clock and dressed like an in telligent workingman the inventive genius who lias commanded the homage of Paris, Berlin and London as well as America. At the same moment Alex ander Graham Bell, dressed with im maculate neatness, hair combed from, a broad, intelligent forehead, was hold ing a Jelephone receiver to each ear. He laughed pleasantly as the roar of Ni agara falls reached him, and as his sides shook with laughter he slowly looked upward and beheld Thomas A. Edison. They grasped hands like, war veterans. 'It is the meeting of my life," said Mr. Bell. "Come and see the iluoroscope," was Mr. Edison's answer, and the two in ventors went within a mystic shrine and remained for hours. No one was permitted to see the ex periments with the iluoroscope. Mr. Edison said the new instruments will enable visitors to look at their bands and see the bones or foreign substances in them, as well as those of such other exposed objects as might be presented for demonstration under its opera-, tion. Will Not Perform Miracles But It Will Cure. DR.MILES' RESTORATIVE NERVINE euros nervous prostration. Not mi raculously, but sclcntlGcally, by first removing tho Germs ot disease, and then supplying healthy nervo food, increasing tho appetite, helping digestion and strength ening tho entire system. Desperate cases require prolonged treatment as shown by that of Mrs M. B. Reed, of Delta, Iowa, who writes: "As the result of a lightning stroke, the physicians said I had alight stroke of paralysis, my limbs would all draw up, I would have throbbings in my chest that seemed unendurable. For three months I could not sleep and for threo weeks did not closo my eyes. I prayed for sleep, and felt that If relief did not como I would be dead or insane. I took Dr. Miles' Restora tive Nervine and tho second night slept two houra and from that time on my health im proved slowly at first, but steadily and surely. I took in all 40 bottles, r.nd I cannot express how grateful 1 am, for I am now perfectly well, and have taken no medicine for over four months." Dr. Miles' Nervine is sold hy druggists on guarantee that first bottle benefits or money refunded. Dr. Miles' Nervine Restores Health Book on heart and nerves free. Dr. Miles Mcdlcal Co., Elkhart, Ind. Weak Backs strengthened A BV Bcilodcivnq TOUCHES Free Course By Mail To advertise our College we will give a thorough course of instruction iu double and single entry Book-keeping and Commercial Arithmetic by mail Free of Charge to a limited number of persona. This course will be completed in forty les sons. No charge for diplomas. Address Tie American Business Collep Omaha, Nebraska. 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