The representative. [volume], May 02, 1901, Image 2

About The representative. [volume] (St. Paul, Minn.) 1893-1901

Image provided by: Minnesota Historical Society; Saint Paul, MN

                
f . *
Zbt Representative.
The official paper of the State Farm ere’ Al
liance and Industrial Union and the advo
cate of industrial, economic and political
reform.
PUBLISHED EVERT THURSDAY
By the Representative Publishing Co.,
Editor-In-Chief—
E. A. TWITCHELL.
SPECIAL CONTRIBUTORS EX-QOV.
DAVIS H. WAITE, MRS. MARY E.
LEASE. MRS. MARION TODD, BLT
WEED POMEROY. HON. QUITMAN
BROWN. *
Entered at the Postofßce at Minneapolis,
Minn., as second class matter.
Address all communications to E. A.
TWITCHELL, Editor Representative, 632
Boston Block, Minneapolis, Minn.
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STOPPING THE PAPER—The publisher
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In order to reduce complaints to the min
imum in future, we desire to ask the fol
lowing questions:
Does you paper come regularly?
Is your name correctly spelled on our
mailing list?
Are you getting more than one copy?
Does the date on the label of your paper
this week agree with your last receipt?
If not, notify us and we will rectify mat
ters.
Discontent is the mother of progress.
The cheapest commodity on earth to
day is human flesh.
The tendency of the trust is to force
government ownership and control.
How much easier it Is to follow pre
cedent than to think or reason.
Men have ceased to be freemen when
they are compelled to ask another for
permission to earn a living.
When you are buying seed and plant*
ing, don’t forget that we need a little
money for seed —seed thoughts.
If you believe the people should have
the right to propose laws and to pass
upon all laws proposed, according to the
referendum principle, talk it out loud.
Do not hide your light under a bushel.
Let your light shine before all men.
There is but little difference that I
can see between the poor idler tramp
and the rich idler—a gentleman of
leisure. They are both the result of a
wrong system and are both supported at
the expense of those who work.
If the people of the United States
should demand that all children under
16 years of age should be educated, and
that books, clothing and meals should
be furnished gratituously, when neces
sary, don’t you believe it would have a
tendency to raise the mental and moral
standard of the human family?
Of course it is a fine system of gov
ernment that will bond its people and
their children and their children’s child
ren to a gang of rich idlers and furnish
corporations with sheriffs and soldiers
to fill their hungry workers with bul
lets. But everybody Seems to enjoy it,
because they vote the same old party
ticket and perpetuate the system.
Don’t you think it would be a wise
, policy for the government (the people)
to turn over to a private corporation
(national banks, for instance) the ex
clusive right to issue to the people post
age stamps, the same as they have done
with the money?
If it is a good thing for the people to
allow national banks to issue their
money, why not a good thing to have
them issue postage stamps?
TARDY JUSTICE.
Just as the war tax is taken off small
checks, money orders, proprietary medi
cines, etc., the United States supreme
court decides that express cofiipanies
must under the law pay the 1-eent tax
on express packages received for trans
portation. The express companies have
dodged this tax since the passage of the
tax law, have thus forced their patrons
to pay thousands of dollars and now
when there Is little at stake, they per
mit the supreme court to deciae the
law against them just as the law goes
out of effect.
The parcels post is the proper medi
cine to administer to these express com
panies. When mail and express pack
ages are often carrlejj in the same car
and always on the same train, there Is
• no reason why both should not be car
ried by the government as postal mat
ter. Now each train has an express
messenger besides the railway mail
agent The mail agents could look
after all and this expense be saved to
the public. When express companies
and banks dodge their just taxes it is
time to retire them from business. They
should be compelled to put up or shut
up. It Is these same express companies
and banks that are pushing the Loud
postal bill at every session of congress
and thus trying to' muzzle the country
- press and give to the great city dailies
a monopoly of the newspaper business,
i National banks and express companies
’ are among the meet dangerous of our
•r
monopolies. They are in politics more
than ahy other and they are the powers
that the people should watch, fight and
abolish.
PLAINDEALER ON MONEY.
Reno, Nevada, April It, 1901.
E. A. Twttchell, Dear Sir:—l read your
criticism of Mr. Maben and I disagree with
you so entirely that I think one of us must
be mistaken. It may be myself, but I am
so sure that I am right that I will pay you
quite well to have you point out my errors
and allow me to answer you. I will make
you the following offer: If you will pub
lish the article on money I send you. In the
same type you use In criticising Mr. Maben
with the sub-heads as they are found in
the article, signing my name to It, on re
ceipt* of the paper containing the article I
wiH send you twenty dollars to pay for
your trouble and then I will gfve you one
hundred dollars to show that my promises,
reasonings and conclusions are false. If
you do not care to'undertake the work
you can publish the offer for the benefit of
your patrons.
Let me point out some of the differences
between us. One kind of money to me
Is just as scientific as any other. It is in no
sense either a value, or a measure of value
and no comparison can be made between It
and the yard-stick. It is never redeemed
till it pays back to the power that put it
forward. It does not rest for its validity
upon the aggregate wealth of the nation.
It has no purchasing power and whatever
the number of the money units in circula
tion, one dollar in money only pays one
dollar of indebtedness.
Without any request of mine, the article
as it now' stands was published by Thomas
E. Watson in 1896, and in commenting upon
it. he pronounced It the best campaign
article written that year. I think it is the
truth but I may be mistaken. You know,
I think, something of me through the old
Plaindealer and that I will perform all I
promise. I will try and be at Buffalo on
June 28th and at Detroit on July 4th. Hop
ing that I may then see you I am.
Respectfully yours,
H. H. HOOAN.
As will appear from the foregoing letter
Mr. H. H. Hogan formerly edited “The
Plaindealer.* The Plaindealer was a well
edited paper and did much good work as
a Populist organ. We publish this letter
out of respect for Mr. Hogan as a co-worker
and brother editor and incidentally to com
ment on some, of his financial theories.
The article he challenges us to publish is
16 columns in length and publication of
such long drawn out argument works dis
aster to our subscription list and quite
possible was the disease fatal to the
“Plaindealer.”
In this letter Mr. Hogan has defined his
position much more concisely than in his
16 column article. He says: ‘ One kind of
money to me is just as scientific as any
other.”
This seems to us a strange assertion
from a man who writes and claims to be
well informed upon the money question.
Wampum, pieces of leather, iron, tobacco,
shells and various similar articles have in
the world’s history been used as money.
None of these articles carried any sov
ereign stamp, there was no system or
method by which the quantity of such
money was limited. In most instances the
acceptance of such money rested upon com
mon consent rather than upon force of any
legal tender statute. Nevertheless these
articles were money and performed every
function ever performed by any kiqd of
money. Scientific money is money that is
issued or put out by Isome system or method
that will insure the money unit. ex
changing always for approximately the
same value in products.
None of the above mentioned articles
ever possessed this comparative stability
of exchange power because there was no
method or system in the manner of issue.
The Cincinnati convention declared for
scientific money. Is it probable that the
whole Populist party used a meaningless
term or is it more probable that Mr. Hogan
has failed to comprehend some of the es
sential elements of money? In this particu
lar we assume that the question of whether
any money can be properly called scientific
rests between Mr. Hogan standing alone
against all the best authorities on finance
and the entire Populist party. This may
not prove Mr. Hogan's conclusions “false 1 *
but it places Mr. Hogan in the position of
the 12th juror against the other eleven.
Again Mr. Hogan says: “It is in no sense
either a value or measure of values, and no
comparison can be made between it and the
yard stick.” Here Mr. Hogan stands alone
in opinion. He can find no writer of any
prominence to sustain these assertions. Let
us, however, reason on this question. A
offers B SI,OOO for his farm. B asks for the
farm ’52,000, and what is the process by
which they get together and finally con
summate a deal? The process is this: The
two men discuss and consider the exchange
equivalent of the dollars in w r ell known
commodities. They then determine the ex
change equivalent of the farm in the same
commodities. Having gone through these
processes, they compare results and con
clude that the exchange equivalent of the
farm is 1,500 bushels of wheat, and the ex
change equivalent of 1,500 bushels of wheat
Is $1,500; hence a fair exchange tvould com
pel A to pay B $1,500 for bis farm. All
writers on finance define value a's a com
parative quantiy. There are tw'o points of
difference between the yard stick and the
dollar as a measure. The yard stick al
ways measures the same, while our present
unscientific dollar is constantly vailing.
The dollar transfers, carries or represents
value In such manner that its possessor can
convert commodities on the Atlantic coast
into dollars, carry the dollars in his pocket
to California, and reconvert it into com
modities. This he cannot do with the yard
stick. But the capacity for measuring and
comparing commodities to ascertain their
relative valifia is alike in the dollar and in
the yard stick.
Finally, Mr. Hogan makes what he seems
to think an unanswerable argument against
the quantitative theory of money. Here
again all the authorities are against him.
He says: “It has no purchasing power, and
whatever the number of money units in
circulation, one dollar in money only pays
one dollar in indebtedness.”
This is a most unfair jugglery of words.
The exchange equivalent of the dollar, and
consequently of all debts expressed In dol
lars, varies with the number of units out.
When the number of units is contracted and
the dollar made dearer, debts are increased
in the same order.
The debt expressed in dollars is the same,
but expressed in commodities or labor it
may have been doubled. Mr. Hogan is very
careless and inaccurate in the use, of some
of his language. If money haß no pur
chasing power. Mr. Hogan should explain
how it is that money purchases commodi
ties every day of the year. If money has
no value and does not measure value, how
would Mr. Hogan define that attribute of
money which makes men always willing to
accept it in exchange for valuable products?
Mr. Hogan sjems inclined to split hairs
with a cleaver too dull to do nice work.
HEREFORDS.
The president is appointing gold Demo
crats to office in the South, and there is
evidence that these appointees are joining
with the white Republicans in the forma
tion of a new party which will exclude the
negro. As the white-face will be the dis
tinguishing characteristic of the members
of this new party, they will probably he
known as the Hereford Republicans.—Com
moner.
Perhaps Mr. Bryan has not discover
ed that there are also many of these
Herefords at the North as well as in the
South.
For instance, he might count in such
men as David B. Hill, Grover Cleveland,
Whitney, Olney, McLain, the Have
meyers of the sugar trust, J. J. Hill of
the Great Northern, and In fact, nearly
all the most prominent and wealthy
Democrats of the North. They are all
in sympathy with McKinley. They
voted and helped elect McKinley. They
have no time for Bryanism.
Mr. Bryan makes a mistake when he
calls them Republicans. They were al
ways Democrats. "They were born and
reared Democrats. If Mr. Bryan will
take an inventory oI the entire Demo
cratic party he will find among the lead
ers and prominent men in the party
that nearly all are Herefords. In 1904
Bryan will be compelled to vote with
the Herefords or get out, and renounce
the entire Democratic herd.
OUR FORUM.
Our Forum continues to be the center
of interest and we give it large space
in our paper, even at the expense t>f
cutting down our editorials.
Agitation Is the need of the hour, and
it is a difficult task for the editor alone
to do all the agitating. Don’t fail to
read carefully the letters in each issue,
hunt for bargains in the ads and then
send for the advertisers’ price lists. It
will make money for you.
Health for 10 cents. Cascareta make
the bowels and kidneys act naturally,
destroy microbes, cure headache, bili
ousness and constipation. All druggists,
OUR FORUfI
Maben a Dodger.
Editor Representative: In your paper
of April 18 Maben pretends to quote the
United States treasurer to prove his
statement in an article of March 14, in
which he said:
“We all know that gold coin always
passes In large transactions, either at
home or abroad, by weight.”
To this I answered In the Representa
tive of March 21, “I challenge you to
furnish authorities to show that large
transaction are made in the United
States where gold coins (meaning Unit
ed States coins), have to be weighed to
pay any debt or obligation, where goods
and chattels have been delivered.'’ If
a billion dollars of indebtedness was due
from one citizen of the United States
to another .citizen of the United States,
and the debtor should, or did, tender the
creditor gold coins, indicating on their
face the number of dollars due, tell us
of a single instance where the debtot
was compelled to weigh his coins. I
say no payments are made in the United
States in pounds, or by-the weight of
coins, but all debts or commercial trans
actions, are made in dollars and cents
by counting the coins as the stamp on
their face indicates. That is the issue
•between Maben and myself.
To this Maben replies in Representa
tative of April 18, and quotes the United
States treasurer in reply to his (Ma
ben’s) questions, as follows:
Question —When payments are made
in gold coin. United States mint, does
the stamp on the coin or the weight of
the coin determine the value of the
coin? (Mark his misleading question.)
In other words, if the coin is light
weight by reason of wear, clipping or
boaring, do you deduqt loss from stand
ard weight so as to fix the value?—C. B.
Maben.
The treasurer’s reply was just what
any sensible man would have told Ma
ben; if he had asked us the same ques
tion, which was that light-weight and
mutilated pieces are uncurrent. Such
pieces are received at the mints of the
United States and paid for at their full
bullion value.
By the manner in which Maben asks his
question, he makes the treasurer appear
to make a monkey or a liar of himself
for he answers; gold coins are not a
legal tender. Meaning, of course, clip
ped, worn or damaged coins received at
the mint for recolnage; for no other
coin ever goes to the mints and the su
perintendent of the mints has to report
the smallest fraction of bullion that
comes into his possession to the treas
urer, for the mints are one of his (the
treasurer’s) departments.
The superintendent of the mints is
compelled to weigh in and out both bul
lion and the coins he mints, the bullion
is weighed in and the coins are weighed
out, and his accounts have to agree to
the smallest fraction.
Maben’s question was asked in such
a way that the treasurer was led to
believe he was going to ship mutilated
or clipped coins to the mint for re
coinage.
If Maben had been honest or intelli
gent enough to have asked the question
at issue properly, he would have gotten
an honest decision from the treasurer.
If he had asked: Is gold and silver
coin of the United States a legal tender
to the government in payment of debts
and taxes due the United Stares at its
nominal or face value, or does it have
to be weighed when so presented as
payments? he would have gotten an ans
wer similar to the one at my elbow,
which was asked the treasurer on a sim
ilar occasion. Here it is:
Office of the Treasurer, Washington,
D. C. f Nov. 1, 1894. —No foreign or muti
lated or defaced gold or silver coins will
be received * * * Reduction by
abrasion is not considered mutilated.
Any minor coin that is defaced so as
not to be reaMily identified, or that is
punched or clipped, will be redeemed or
exchanged. Pieces that are stamped,
bent or twisted out of shape, or other
wise imperfect, but showing no material
loss of metal, will be redeemed.
Approved.
J. J. Carlisle, D. S. Morgan,
Sec., U. S. Treas., U. S.
Roberts, the treasurer, must from the
way Maben asks his question have
thought he (Maben) was a Jew junk
dealer.
My quotation of Treasurer Morgan is
plain and to the point, and no haggling.
Let Maben stick to the question at is
sue. He said that gold coins always
passed in large transactions, either at
home or abroad, by weight.
I say they are never weighed when
tendered in payment for goods, chattels
or debts; for the law says they are a
legal tender at their nominal or face
value. Secretary Carlisle's circular
proves this. -
Let Maben bring authorities on the
-Xc- '
THE REPRESENTATIVE: MAY 2.
question at prove his state
ments —then I am J^esAen —but the treas
urer’s statement sp.tQ .how and by what
rates the mints repeive clipped, mutilat
ed, defaced of wom-fljit coins, whether
by weight or count? wflnt do. The read
ers of the Representative will gain noth
ing by his tricks. iJle a man, Maben, and
when you are hoqsstly beaten admit it
It’s no crime to? b* ( mistaken, but it
never pays to attempt to trick the peo
ple as you have iqj presenting the treas
urer’s garbled statement. It\ doesn’t
apply to the issue between us.
A. H. NELSON.
WIND BREAKS—Raise your own
evergreens. Seeds, Jack, White and
Norway Piae, 30 cent* pound by mail)
four pounds SI.OO.
C. B. MABEN,
Wealthtvood, Minn.,
The Value la In the Stamp.
Mr. Editor: It is difficult to ascertain
the value or worth of one article more
than another, without first establishing
a degree of comparison and standard
of measurement, and these are estab
lished by the different legislative bodies
of the several nations of the globe. Each
nation has its own standard establish
ed by its own laws Independent of all
others.
We were in conversation with a gen
tleman a few days ago, who claimed,
there was gold enough in this country
for all the requirements of the nation.
If such Is, or has been, the case why
did Old Grover saddle a debt on the
American people that when paid will
amount to about $500,000,000? If that
gentleman had been very observing he
might have seen when the comptroller
of the currency a few months ago sent
out circulars to those engaged in the
manufacturing of fine wares, to ascer
tain how much gold they had used dur
ing the year. He suposed, there was
$1,000,000,000 of gold in the United
States, of which sum he found $400,000,-
000 had 'taken wings and fled, leaving
the other $600,000,000 to do the business
of this great republic; and the greater
portion of the latter sum is tucked away
in Shylock’s strong box.
It appears that Shylock is not satisfied
with the oppressive burden that little
bit of yellow metaiPis bearing, but wants
it to become responsible for $500,000,000
silver in order to bind-it by another end
less chain. The ‘records of either an
cient or modern ages, tell us that this
little God of Mammon, to whom the
oppressors of man bow down and whom
they adore, is a great coward. When
it’s country is in trouble, even on the
verge of destruction it takes wing and
departs. When itfs country has been
drenched witn blood then it returns to
further oppress the f Victors and van
quished. We need not go beyond the
boundary of our qiyn country to prove
this, as it is within the mem
ory of all who were old enough
to ghoulder a gun the time
our country was crimson with the
blood of its patriots. Statistics tell us
that the mortgaged and bonded indebt
edness of this nation in round numbers
is about $42,000,0000,000. Some of our
gold bugs will please tell us, what per
cent. $600,000,000 will pay on a debt of
$42,000,000,000. The people of this coun
try will get posted in the matter in
due time.
It may not be known to many that
the most gigantic trust in the world is
about formed in London to control the
output of gold. The richest man in that
city Alfred Beit is the prime mover in
the matter. When that is completed the
small fry may take a back seat. All
nations in all ages had or have what is
called money or currency, which at dif
ferent times was of one substance
then another, and the value ascertained
by its government stamp.
At one time in Greece, leather was
their currency, and its value determined
by its government stamp. At another
time the currency of the same country
was iron, and in like manner its govern
ment stamp decided its value.
In Venice from the thirteenth to the
end of the seventeenth century, gold,
silver and paper were the currency of
that country and paper was at a prem
ium of 20 per cent, over either gold or
silver, and that country had to enact a
law to prevent its going higher. Paper
money first appeared in England in 1G93
when Billy Patterson and his twenty
four schemers got a charter from the
British government granting the right
to issue paper money and it is stated
in that charter that the notes of that
bank are equal to gold independent of
any act of parliament that might ever
follow.
The uniform price of gold was estab
lished by act of the British parliament
in 1874, that act declared that for every
ounce of gold that should be presented
for sale at the counter of the bank of
England, that bank must pay 3£ 17s 9d
for the same.
While there is to be found in
the British they failed to find
silver, while in Unqle Barn’s mountains
one-third of the silver of the globe is
found. Therefore reason Ernest
Seyd was sent to ; this country with
$500,000 in his popket to purchase a
few basswood conrgessmen in order to
deprecate our silver and rob our peo
ple of one of the most valuable products
of this land to enrich England.
Some may say we are a little strong
in our points, but we find not long since,
two Atlantic greyhounds left New York
with 25 tons bar silver each, which was
bought in this country for about 60 cents
an ounce and when coined in Loudon
was worth $1.29 per ounce. We will
take a cursory glance at a few of the
acts that were passed relative- to cur
rency in this country. The constitu
tion of the United States, article first,
section eight, says:
“Congress shall have power to coin
money and regulate the values thereof
and foreign coins,’’ Tiffany on consti
tutional law, chap tel 12, section 400,
B
page 221, says:
“That upon which the stamp is plac
ed is called coin; the coin may be metal
parchment or paper. The value is in the
stamp and not in the metal or material.’*
The foregoing does not agree with the
yellow bug very well. In 1834 ten
grains were taken from the gold eagle
and in 1837 three-tenths were added to
the same.
Our nickels at present are composed'
of 75 parts copper and 25 parts nickel.
A pound of this metal costs 70 cents.
It coins 100 five cent pieces, which makes
85 leaving 34.30 profit for the stamp of
Uncle Sam, less the cost of minting.
It is quite evident the value is in the
national stamp and not the material.
While the gold bugs in this country re
ject the coinage of silver at 16 to 1, let
us go< down and see what other nations
are doing with this worthless metal.
Great Britain 14% to 1
France 15% to 1
Germany 14% to i
Belgium 15% to 1
Italy 1*5% to 1
Switzerland 15% to 1
Spain 15% to 1
Portugal 14% to 1
Austria and Hungary 13% to 1
Norway and Sweden 14 7-10 to 1
Russia 15% to 1
Turkey 15% to 1
Japan cut the gold yen in two, called
each half a yen, and let the silver alone.
If we are wrong we would like to have
some gold bug set us right.
FRANK DENNIS.
Hammond, Wis.
GREENBACKS \ S. GOLD.
Ed. Representative: Yankee Maben
answers my questions by asking others,
but he makes no point, by which the
reader can guess where he is at. He
says Mr. Fairchild ought to quote |iim
correctly. Jffow, Mr. Nelson, Mr. Maben
and myself are citizens of the United
States and Mr. Maben continues: “I was
writing on money, but discussing the
credit of the United States. I did not
say “this nation” but “a nation.” Now
did C. B. Maben expect to fool all the
people, a part of the people, or only
S. M. Fairchild, with his letter dated
April 1. He compares the greenback to
Mr. Nelson’s $lO counterfeit bill. The
greenback that Populists and all sane
men contend for, is always at a premium
over gold,- and reads on its face “Unit
ed States promises to pay the bearer,
ten dollars, receivable in payment of all
public dues, etc.” I quote from the
April fools day letter, fourteenth line
to twenty-first line.
“A paper money to be acceptable to
the people and to be perfectly good must
contain a promise to pay something of
a stable and well known value, and in
addition the promise must be known to
mean just what it says, and the ability
of the maker to redeem the promise must
be fully recognized.” Now, put this and
that together, (the greenback, I mean),
and substract the United States.
Was not the original greenback ac
ceptable to the people when on its first
appearance it sold in New York at a
premium of 3 per cent, and as soon as it
reached Vienna, Austria, was at a prem
ium of 1% to 2 per cent, there, and also
was in other countries held at a prem
ium, and hoarded by many. Now to use
good common sense who but fools would
question the ability of this nation to re
deem its treasury note. Identically the
same as the bond, less the interest, and
the bond always at a premium from
10 to 35 cents. Then as to these green
backs being redeemed, simply by being
receivable in taxes, (bosh). Now, Ma
ben, straighten up once and be honest,
and tell the people that you are ignor
ant on the money question, or tell them,
the truth is, these greenbacks paid the
tax on gold (interest) also the tax on
imports (duties).
James G. Blaine in a public speech in
1804 said: What is this? A dollar, and
it is a good dollar, good for the farmer,
the mechanic, the merchant, the sailor,
everybody. What makes it a good dol
lar? Because every dollar’s worth of
property in the United States is behind
it, and the life blood of every true and
loyal American citizen is behind it. That
makes it a good dollar. Now, Mr. Ma
ben does a United States treasury note
need a redeemer when it is made to sup
port the gold standard, as exchange
money? It stands alone, the best money
the world ever knew, and to use it to
bolster up, not money, but gold, a com
modity, and give to that commodity a
value above all other commodities is de
ceiving the people into believing tliTtt
gold is the greater, while without its
support gold would be on the market
as are all other commodities at supply
and demand prices, while the greenback
without value, but representing exchange
for all values, would pay all debts with
the products of our farms, fields, forests
and mines, instead of paying for gold at j
gold fixed prices. That only pays the I
interest due to gold, the most invincible
enemy of public credit.
Gold paid no soldier, or sailor, in our
war of the Rebellion. It was in open
alliance with our enemies the world
over, and all its energies were evoked
for our destruction. Its record is one
of blood and carnage and on the throne
in our land today it rules with the re
lentless iron hand of a heartless tyrant, i
In paving the way for gold supremacy, !
the Hazard circular sent out by bankers I
said, “it will not do to allow the green- i
back, as it is called, to circulate as mon- |
ey for any length of time, for we can
not control that, but we can control the j
bonds, and through them the bank is- !
sues.” Slavery is but the owning ofi!
labor, and carries with it the care of I
the laborer. The modern or European
plan, led on by England_is capital con
trol of labor, by controlling wages, and
today, under gold standard rule, all
prices of all products of labor are con
trolled. The authority for the state
ment that 3522,000,000 of gold was sold
between 1867 and 1876 is found in the
United States treasurer’s reports, com
mencing with the contraction of the
currency hy McCulloch, an ex-bank pres j
ident, appointed secretary of the treks-!
ury, March 7, 1866. In 'hi* first report to j
congress ha said “the country as a whole,
notwithstanding the ravages of war, and
the draft upon labor, is by its greatly'
developed resources far in advance of
what It was In 1857. The people are
now comparatively free from debt
There is an immense volume of paper
money In circulation. It is undoubtedly
true, that trade is carried on more
largely for cash, than ever was the case
previous to 1861, and that there is a
greater demand for money than there
would be if sales were made as here
tofore on credit. So far as individual
indebtedness is regarded, it may be re
marked that the people of the United
States are much less in debt than in pre
vious years.”
The largest number of business fail
ures in four years was 632 in 1866. Com
pare these with the failures now. Under
the gold, sound money, rule, also present
indebtedness of our people. 13,345 busi
ness failures in 1895. j
The people were comparatively out of ;
debt in 1865 and in. 1901, 80 per cent,
are homeless with 83,000,000,000 of pub
lic and private debts against the labor- j
ing classes. • j
The gold mortgage and bond holders j
pay no taxes, owe no debts, and never j
miss a meal, but own bonds, that de- j
mand taxes, (to pay interest,) from the j
I
sweat and blood of the wealth produc
ers, and their children foV generations
to come. Of the 8522,000,000 of gold
from 1867 to 1876, 8400,000,000 of it was
exchanged for bonds not yet due In or
der that contraction of the currency
might be hastened, and a new issue of
long time bonds ordered, as was done.
This gold should have been paid out
for the redemption of greenbacks which
would have brought them to par with
gold at once, and without expense to the
people. But these greenbacks bore the •
exception clauss, the private mark of
plutocracy, for their destruction, that
contraction of the currency might con
tinue.
This took from circulation, and the
channels of trade between 1867 and 1876
the sum of $797,725,317.39. After the re
peal of the resumption act in 1878, and
during the year 1879 the treasury of the
United States received more than $40,-
000,000 in gold and silver, in exchange
for absolute fiat money, and yet it is
trash, and those who advocate it luna
tics.
I will not weary the reader with Ma
ben’s parity of all money, and credit of
the nation resting on sound money, as
I have shown conclusively that the cred
it of our nation and the sound money
he raves about are both dependent upon j
the treasury note, (bond, or greenback,
without exception clause), for their ex
istence, their exchange value being
above that of gold. Owned and control
ed as they are by the bankers’ trust
they are made to support the accursed
system, of gold for bonds, and bonds for
gold, for the bankers, and a paper cur
rency issued through their banks to
77,000,000 of people, at a clear profit to
the national bankers of 99 cents on the
dollar, besides interest, and this paper
not a legal tender money.
When one of their banks fail this
stuff is not redeemed with gold, but
with the bond of the people held as se
curity for the issue, in the hands of the
people for which the banker has receiv
ed notes and mortgages at 99 per cent,
and interest, above cost to him. Fifty
cents, or two cents worth of silver bear
ing the stamp, one dollar United States
money, without exception clause, is le
gal tender for all public dues. If we
cannot depend on the good credit of the
nation for a money system as Maben
says we should not, then we must de
pend on a system forged out by money
trusts, and bottomed on the nation’s j
bonds, payable to the credit of said
trusts; that is, such as-now exist, mak
ing true one statement in Maben’s let
ter. The assets of the nation belong tc
the trusts that own the property. The
money system, and a 77.000.000 dinner
pail brigade. ’Rah for the gold stand
ard. S. W. FAIRCHILD.
Minneapolis.
Cart Before flic Horse.
Editor Representative: As usual, A.
H. Nelson has again got the cart before
the horse. The evidence which I pro
duced shows that I am not “away off,” j
but that the captain has lost his bear- !
ings entirely. Nelson used the term j
"nonsense,” which was so completely j
out of place that I used it as a heading j
to my reply.
If quotations from his own article is !
“insult,” he i£ himself to blame. The !
evidence I produced proves that gold j
coin passes by weight, not stamp, when j
there is the least question of its being j
light weight, and as this was the point |
Nelson was' so strenuous about in his
challenge, I can afford to laugh while j
he squirms.
Nelson says: “Everybody except Ma
bin knows that chipped, punched and
drilled coins have been outlawed as |
money for the past 15 or 20 years.” j
Sec. 3585 of laws concerning those j
matters says: “The gold coins of the
United States shall be a legal tender in
all payments at the nominal value, when
not below the standard weight pud limit
of tolerance provided by law for the sin
gle piece, and, when reduced in weight
below such standard and tolerance shall i
be a legal tender at valuation in propor
tion to their actual weight.”
This evidence simply proves that gold
coin, no matter how badly mutilated, is *
not “outlawed” at all, but Is a legal •
tender for what is left of it In gold. The
fellow who does the mutilating is the
outlaw.
Nelson got the carp before the horse.
Maybe everybody “except Maben” was
as badly fooled, but I prefer to believe
that Nelson simply stands by himself.
We all know that “law” makes money
and most of us will insist on a “law”
that will make “sound money,” i. e.:
money composed of something having
Wheal
lands
There is more money
raising wheat at the present
time than you can dig out •
of the ground in Alaska.
The Great Northern Rail
way has 500,000 acres of
tne choicest wheat lands in
the United Stated. These
lands are situated in the
Red River Valley of Min
nesota, in Wilkins, Clay,
Norman, Polk, Marshall
and Kittson counties; they
will average about SIO.OO
per acre in price. For
maps and terms address
Land Commissioner, Great
Northern Railway, St.
Paul, Minn., or the Land
Agents named below;
George Purvis,
Crookstou. Minn.
C. H. Carey,
Breckenridge, Minn.
0. A. Robertson,
Campbell. Minn.
C. J. Wright,
j * Fergus Falls. Minn.
n3j
FREE FARM!
CnoicK Govhkxmen'T Homestead
Lands on the “SOO” Hallway in
NORTH DAKOTA
Rich Soli, Good Water, Cheap Coal, Near
Stations and Schools. Last chance to get.
160 acres of Good Land Free.
Thousands of settlers moved Into North
Dakota last year from neighboring stales
and from present Indications thousands
more will go this year. The Good Govern
ment Lands are rapidly being taken. If
you want a Free Homestead,
write to
D. W. CASSEDAY.
Land Agt., “Soo” Ry.
33[ Minneapolis, Minn.
wal ftßaanaaaaaaaAO DQk
D. BEST, ,
* —OPTICIAN.
Removed to
407 fffeoffaf Arm
Eyes Examined FREE.
If yonr head aches, eyes burn or water sip! *
blur, you should consult me. 1 test eyes an 4
make glasses to fit. Satisfaction guaranteed.]
PRICES THE LOWEST. >
even CO. &2J. ncs r *vt SO.
Service Unexcelled. II Dining Room for La- !
Open Day and Night. || dies on Second Floor, j
Columbia Restaurant
2Z5 Nicollet Ave.
MINN'BAPOUS, MIN.N.
uue PAY HR A W£EK expanses to ’isx
**“ 1 ” * w■“ with rig loseilEgypt ar. pou'.try
compound; EGYPTIAN CO., Dept. s 4, Parsons, Kan.
“commercial value,” or else is backed
by something having stable and uni
versally recognized value. Purely
“credit” money is a poor staff to lean
upon as old soldiers can testify to, and
many another man corroborate.
That Nelson reads very superficially
is proven by his quotation from “Nuts
for Nelson.” I wrote, “A nation;” Nel
son quotes it, “this nation.” We were
discussing the subject of money, not
the credit of the United States. Get
your specs, captain, and keep cool.
C. B. MABEN.
We offer One Hundred Dollars Reward
for any case of Catarrh that cannot be
cured by Hall’s Catarrh Cure.
F. J. CHENEY & CO., Toledo, O.
We, the undersigned, have known F.
J. Cheney for
lieve him perfectly honorable in all busi
ness transactions and financially able tc
carry out any obligations made by theii
firm.
West & Truax, Wholesale Druggists,
Toledo, O.
Walding, Kinnan & Marvin, Wholesali
Druggists, Toledo, O.
Hall’s Catarrh CuYe fs taken internally
acting directly upon the blood and mucotu
surface of the system. Testimonials fiee.
Price 75c per bottle. Sold by all druggists.
Hall’s Family Pills are the best.
1. This government cannot endure
permanently, half slave and half free.
2. Government of the people, by the
people, and for the people shall not
perijsh from the earth. This country
with its institutions, belongs to the peo
ple who inhabit it.
3. Labor is prior tef capital. Capital
is only the fruit of labor, and could
never have existed if labor had not
first existed. I.abor is the superior of
capital and deserves much the higher
consideration.
4. If destruction be our lot, we must
ourselves be its author and finisher. As
a nation of freemen we must live
through all time or die by suicide.
5. This union, the constitution and
the liberties of the people shall be per
petuated in accordance with the original
idea for which the revolution was made
—Lincoln. t. ,