ee
Terms 2.00 A Year,in Advance
Bellefonte, Pa., June 24, 1892,
P. GRAY MEEK, - - -
F—
Eprtor
State Democratic Ticket.
EOR CONGRESSMAN AT LARGE.
GEORGE A. ALLEN; Erie,
THOMAS P, MERRITT, Berks.
YOR SUPREME JUDGE.
CHRISTOPHER HEYDRICK, Venango.
FOR ELECTORS AT LARGE,
MORTIMER F. ELLIOTT, Tioga.
JNO. C. BULLITT, Philadelphia.
THOMAS B. KENNZDY, Franklin,
DAVID T. WATSON, Allegheny,
, FOR DISTRICT ELECTORS
Samuel G."Phompson, Clem’t R. Wainwright,
Adam 8. Conway, Charles H. Lafferty,
W. Redwood Wright, George R. Guss,
John O. James, William Molan,
James Duffey, . Charles D. Breck,
S. W. Trimmer, Samuel 8, Leidy,
Azur Lathro T. C. Hipple,
Thomas Chalfant, W. D. Himmelright,
P. H. Strubinger, H. B. Piper
Joseph, D.Orr, . . _ Charles Fagan,
Andrew A; Payton, , . John D, Braden,
Michael! Leibel, Thomas McDowell,
J. K P. Hall,
——The “you ‘tickle’ ‘me and I'll
tickle you” reciprocity scheme between
the United States and Canada has fallen
through because the people of the lat-
ter country forgot that uncle Sax
- wanted a little poke in the ribs so he
could seethe funny part: of the trans
action. The Canadians imagined that
the only articles that should come un-
der the treaty of reciprocity were the
natural products of each country.
Thus they would include about 94 mil-
lion of their $96,000,000 exports under
the treaty, while all we could return
to them'is our cereals, which amount
to naught in comparison with our
manufactures. Canada, you will read-
ily see, wants to enjoy the benefits
which reciprocity would bring her with
out giving the United States a similar
benefit and the President has therefore
declared the treaty impracticable. We
can stand it if the Canadians ean,
aA TVS SI SCOR RETO,
——Ouly 50cts. for the Warcayman
from July 1st to Dec. Ist.
BE
Grover is the Man.
The Ex- President had the Pole that Ki nocked_the
Persimmons at Chicago—All Satisfied ‘With
‘the Outcome of the Convention—The Ticket
will be Supported in Every State. The Rank
and File Wanted Grover and it Got Him.
Cricaco, June 20 1892. — The
coming of conveation day finds
tha clouds of political dissension clear.
ing away and it does not require the
divine gift of prophecy to predict the
nomination of Grover Cleveland on the
first ballot. Indeed, this result of the
contest is generally conceded now,
even by the friends of Hill and Boies,
the only rivals of the ex-President in
the field to-day.
All the dark horses and compromise
candidates are displaying great agility
in arrayiog themselves in the Cleve
land column. Gorman declares for
the ex-President and says he will re-
ceive the unanimous support ot the
Maryland delegation. The friends of
Morrison are among the Cleveland
shouters, and the friends of Pattison
and Russell and Campbell are all num.
bered among the active supporters of
the ex-President to-day.
It is generally expected that ex-Gov-
ernor Gray, of Indiana, will be the
nominee for Vice Presidency. He will
be presented for that place by his own
state delegation, and itis understood
that the consent of the Gray men to
the withdrawal of their presidential
candidate and the casting of the solid
vote of Indiana for Cleveland was onl
given for the assurance that the Cleve-
land heads would favor Gray for Vice
President. As the Cleveland organi.
zation is now very thorongh, and well
disciplined, there is little doubt that
any compact of the leaders will be
carried out to the letter in the conven.
tion.
So secure are the Cleveland people
in their position that they have decid
ed to make no fight against the selec.
tion of W. C. Owens, of Ky., as tem-
porary Chairman. Owens has been
identified with the anti Cleveland peo-
ple, and indeed is a candidate of that
faction for temporary chairman.
THE CONVENTION QPENED.
CHicAGo, June 21.—A circus tent
trebly magnified, with a dozen huge
pendants stretching from covering to
floor—that was the appearance of the
big Democratie wigwam when the
national convention assembled to-day.
The supposed pendants of shining can-
vass were in reality stout posts sup-
porting what appeared to be a mam.-
moth circular canopy floating in the
sky, but in reality a substantial roof
of wood raised some distance above the
walls to admit light and air above from
every direction. Great magnitude, but
naturally less appearance of perma-
nency and beauty of finish, distinguish-
ed the mammoth temporary structure
from the Republican convention hall
at Minneapolis. There the predomi-
nating tint was old gold—here almost
a glare of white relieved only by vivid
bands of red and blue. The vista of
Seats—a total exceeding 20,000—seems
to lengthen ont right and left, before
and behind, till the eye became be.
wildered.
NEW YORKERS IN THE REAR.
As the crowds flocked into the hall,
almost the first comment was that the
New York delegation had been given
back seats. Alabama, Indiana, Towa,
Montana, Pennsylvania, Wisconsin,
and Wyoming were in the front chairs.
It was the result of the alphabet, how-
ever, not of any sinister political de-
sign. The states highest in the alpha-
betical order. commencing with Ala-
bama, were seated near the speaker to
the extreme right and the succeeding
states on the roll ranked backward.
At half past 11 the great wigwam was
the coolest place in Chicago ; the
planks of the floor, the great timber
standards, the roof, in fact the entire
structure was yet moist from its drench-
ing by furious rains on Sunday last.
The result waza cool, damp atmos-
phere like that of a country cellar on
a botsummer’s day, when the walls
sweat and drip with moisture. The
great press stand was early astir and,
ranging up behind the newswriters,
the solid oaken chairs for the notable
spectators became dotted with occu-
pants,
FIRST SHOUT FOR BOIES.
At 11.50 o'clock the first shout went
up. A blue satin _banner—the ensign
of the Horace Boies "club, of Daven-
port, lowa—was borne forward to the
convention floor, and behind came the
rugged men who will sitin the con-
vention and vote for the governor to
the last ditch. Close - behind them
followed Hon. Bourke Cockran, Gov-
ernor Flower and Lientenant Governor
Sheehan: Behind the trio came Rich-
ard Croker and the cry started :
“There’s Croker ; there's Tammany’s
chief,” and while the New Yorkers
were seating themselves in the center
of the hall Illinois filed in on the right.
The sounds of band music and the rat.
tle of drum beats preceded a magnifi-
cent blue banuer carried by Pennsyl-
vania to their seats on the left. Gov.
ernor Campbell and Ohio’s sons came
in last and were cheered roundly. As
he seated himself Chairman Brice, of
the national committee, arose and
commanded silence, after which he
presented Rev. John Rouse, who offer-
ed prayer.
TEMPORARY OFFICERS CHOSEN.
The prayer ended, Chairman Brice.
called for the report of the committee
on temporary organization. Hon. S.
P. Sheerin, of Indiana, secretary of
the national committee, read the list
of officers recommended for the tem.
porary organization and it was unani-
mously adopted without change as
follows: Chairman, Hon. Wm. C.
Owens, of Kentucky ; secretary, Hon.
Simon R. Sheerin, of Indiana ; assist
ant secretaries, Edward F. Merrit, of
Illinois ; William H, Doyle, of Penn-
sylvania; Hambleton Sheppard, of
Virginia; Clinton Tilley, of Missouri :
L. E. Rowley, of Michigan ; Robert E.
Wilson, of Mississippi; Charles De.
Freest, of New York ; James C. Strain,
Illinois ; principal reading clerk, Hon.
Nicholas Bell, of Missouri ; assistant
reading clerks, Martin Morrison, of
Indiana; Cato Sells, of Iowa; Bernard
Brown, of Montana; William H. Tomp-
son, of Michigan; Henry J. Lynn, of
Tennessee; sergeant-at-arms, Hon.
Richard J. Bright, of Indiana; official
stenographer, Edward B. Dickinson,
of New York.
General Adelai Stevenson, of Illinois;
Hon. Charles Joyett, of Indiana, and
Hon. Thomas Wilson, of Minnesota,
were appointed a committee to escort
the chairman to a platform. They
performed the task gracefully and
Chairmar Brice briskly said: “Gentle
men of the convention, I have t} e hon-
or and pleasure to introduce your tem-
porary chairman, the Hon. W.C, Ow-
ens, of Kentucky.” (Applause.)
The temporary chairman, when the
applause that greeted his appearance
subsided, commenced his speech.
Mr. Owens’ speech was received
with marked zpproval by the delegates
and with occasonal outbursts of ap-
plause from the galleries. The remark
relating to the defeat of Mr, Blaine at
i was especially well receiv-
ed.
The temporary chairman having
concluded his speech, called upon the
convention for its further pleasure.
The rules of the last national Demo.
cratic convention were adopted, and
the roll of states for committeemen
was then called.
SYMPATHY FOR BLAINE.
The following resolution was then
offered by Delegate Cable, of Illinois:
Resolved. That this convention ten-
der its profound sympathy to that dis-
tinguished American — James G.
Blaine— in the heavy affliction which
has befallen him.
Its reading was interruptec with
the loudest applause up to the present
time, and when its reading was finish-
ed it was adopted unanimously.
Sweet, of Maine, returned thanks
for the kind sympathy extended by the
convention to Mr. Blaine in his great
affliction, and then at 1:55 the conven-
tion adjourned until 1 p. m. to-morrow.
Cricaeo, June 22, —At 10 o'clock
this morning the yawning chairs in the
great galleries circling the delegates in
the Convention hail were being ocecu-
pted by early comers. Showers through
thenight had washed yesterday's smoke
from the air, and this morning's ac-
cumulations of soot had begun when
the streams of people commenced to
enter. The sun shone brightly be-
tween the joists that upheld the roof of
the Wigwam,
At exactly 12.30 Rev. Alfred IH.
Henry, of Chicago, was presented by
Chairman Owens to offer prayer. The
clergyman especially remembered the
resolutions committee in his invoca-
tion. When the preacher had ceased
his prayer for a iruer, a broader, a
nobler Democracy, that should work
for the masses against the few, thefe
was a hesitating rattle of hand clapping,
away off under one gallery. It was
caught up and grew to a cheer. The
‘committee on credentials announced
that they would not be ready until
2 p. m.
CHEERS FOR MILLS.
Roger Q. Mills now entered the hall.
There went up a shout, and it grew in-
to a rattling volley from Mills to Hill,
and, the galleries taken hold, made a
chorus. Then, on motion of Tom
Johnson, the single tax orator of Ohio,
Mr. Mills was invited to address the
convention. But Mr, Mills was report.
ed not weil enough to speak, and he
soon left the hall for his hotel. Dele
gate DeYoung, of Michigan, leapiug
upon the chair, moved Senator Palm:
er, of Illinois, be invited to address the
onvention. A committee sought Mr,
Palmer, and when the gray haired
senator was coming down the aisle to
the desk a cheer went up and grew to
Owens, “it is not necessary for me ts
introduce to you this ‘war horse oi
Democracy.” General Palmer put hs
hearers in a pleasant humor by acom:¢
story. The Key-note of Mr. Palmer's
talk was unity and co-operation. “We
want no skulkers in this great fight.
Every man must work,” he said, and
the sentiment was cheered roundly,
“Select a solid, firm Democrat for this
contest, put the banner in his hands,
and then rally about him, said Mr,
Palmer. SR
ILLINOIS WILL BE DEMOCRATIC.
When the aged speaker claimed IlI-
inois would be Democratic the shouts
were wild.
Colonel Fellows, in response to calls,
stated that as a delegate he would
speak at the proper time but not at the
present. The credentials committee
was then announced as ready to reporg
and John E. Lamb, of Indiana, pre-
sented a unanimous report.
The committee on permanent organi
zation thea reported William W. Wil.
gon, of West Virginia, as permanent
chairman; S. P. Sheerin, of Wisconsin
for permanent secretary,and a list of as-
sistants and vice presidents and secre-
taries by states.
At 12-25 p. m. Mr. Owens introduc-
ed Permanent Chairman Wilson as
“one of the bravest Democrats of the
nation—Hon, W, L. Wilson, of West
Virginia.”
THE PLATFORM PRESENTED,
At 6.24 Delegate Charles H. J. ones,
of Missouri, chairman of the resolutions
committee, appeared upon the platform
Addressing the convention he said:
“I am instructed by the committee on
resolutions to present you as a report
of the committee the following resolu-
tions and move their adoption, In
order that you may more distinctly
hear what the committee has prepared
I intend to ask a gentleman, who is as
familiar as myself with the phraseology
of the platform, to read it for me (ap-
plause) and when it has been read I
shall move the previous question upon
the adoption of the platform. (Cries of
“no, no, no.”) T. E. Paterson, of Col-
orado, advanced on the platform and
said: “In view of the statement just
made, I will say that I represent a
minority and it expectsto be heard
to present its report before the pre-
vious question shall be put.” Quick
cheers greeted this announcement,
EXTRACTE FBOM GOV. ABBETT'S NOMINAT-
ING SPEECH,
MR. CHAIRMAN AND GENTLEMEN OF
THE CONVENTION : In presenting a
name to this convention, I speak for
the united Democracy of the state of
New Jersey, whose loyalty to the Dem-
ocratic principles, faithful service to
the party, and whose contributions to
its success entitled it to respectful con-
sideration of the Democracy of the
United States. Its electoral vote has
always been castin support of Demo-
cratic candidates. (Cheers) In voicing
the unanimous wish of the delegation
from New Jersey, I present as their
candidete for the suffrage of this con-
veation, the name of a distinguished
Democratic statesman, born upon its
soil, for whom in the two great presi-
dential contests the state of New Jer-
sey has given its electoral vote
(Cheers)
HIS NAME WILL AWAKEN ENTHUSIASM.
It is because that his name will
awaken thoroughout ourstate the en-
thusiasm of the Democracy and insure
success, it is because he represents the
great Democratic principles and policy
upon which this entire convention is a
uait, it is because we believe that with
him as a gandidate the Democracy of
the Union will sweep the country and
establish its principles throughout the
length and breath of the iand that we
offer to the convention asa nominee
the choice of New Jersey, Grover
Cleveland. (Applause) We feel cer-
tain that every Democratic estate
though its preference may be for some
other distinguished Democrat, will give
its warm enthusiasm.
FAITH IN THE PEOPLE,
I have sublime faith in the express-
ion of the people when it is clear and
decisive. It is incumbent upon us to
obey their wishes and concur in their
judgment; then, giving them a candi-
date of their choice, they will give us
their best, their most energetic eftorts
to secure success. (Cheers.) We con-
fidently rely upon the loyal and suec-
cessful work of the Democratic leaders
who have advocated other candidates.
The Democracy ot New York ard its
great leaders, whose efforts and splen-
did generalship have given tous ga
Democratic senator and governor, will
always be true to the great party they
represent; they will not waver, nor
will they restin the coming canvass
until they have achieved success and
we will again secure Democratic vic-
tory in New York. The grand Demo-
crats under whose leadership the state
of New York are now governed will
give to the cause the great benefits of
their organization.
BECAUSE OF A GREAT PRINCIPAL,
It is because he has crystalized into
a living issue the great principal upon
which this battle is to be fought out.
It hedid not create tariff reform, he
made it a presidential issue; he vital-
ized it and presented it to our party as
the issue for which we ought to fight,
and continue to battle until upon as
victory is now assured. There 18 an-
other reason why the people demand
his nomination.” They feel that the
tariff reform view of Cleveland and the
principles Jaid down in his great mes-
sage, whatever his temporary effect.
may have been, gives us a live and a
vital issue to fight for, which has
made the great victories since 1888
possible. It consolidated in one solid
aroar, “Gentlemen,” cried Chairman 4
phalanx the Democracy of the nation,
In every state of this Union that policy
has been placed in Democratic plat-
forms and our battles have been fougut |
upon it, and this great body of repre-
good results, In Massachusetts it
gave us Russell, in Towa it gave us
Boies, in Wisconsin it gave us Peck
for governor and Vilas for senator. In
Michigan it gave us. Winans for gov-
ernor and gave us a Democratic legis-
lature and will give us eight electoral
votes for president. In 1889 in Ohio
it gave us Campbell and in 1891 to de-
feat him it required the power, the
wealth and the machinery of the en:
tire Republican party. In Pennsylva-
nia it gave us Pattison. In Connecti-
cut it gave us a Democratic governor
who was kept out of office by the infa-
mous conduct of the Republican party.
In New Hampshire it gave a legisla-
ture of which we were defrauded. In
Illinois it gave us Palmer for sena-
tor and in Nebraska it gave us Boyd
for governor. In the great southern
states, it has continued in power Deni-
ocratic governors and Democratic leg-
islatures. In New Jersey the power
of the Democracy has been strength-
ened and the legislature and executive
are both Democratic. In the great
state of New York it gave us Hill for
senator ' and Flower for governor.
(Loud cheering.)
THE MAN WHO WON SUCOESS.
With all these glorious achieye-
ments it is the wisest and best party
policy to nominate again, the man who
made these successes possible. The
people believe that these victories,
which gave us a Democratic house of
representatives in 1890 and Democrat-
ic governors and senatorsin Republi-
can and doubtful states, are due to the
courage and wisdom of Grover Cleve-
land. And believing that they recog-
nize him as their great leader. In
presenting his name to the convention
it is no retiection upon any of them as
the leaders of the party. The victo-
ries which have been obtained are not
alone the heritage of these states; they
belong to the whole party. I feel that
every Democratic state and that every
individual Democrat has reason to
rejoice and be proud and applaud these
splendid successes. The candidacy of
rover Cleveland ig not a reflection up-
on others. It is not antagonistic to any
great Democratic leader. He comes
before this convention not as the candi-
date of any one state. He is the
choice ot the great majority of Demo-
cratic voters, The Democracy of New
Jersey, therefore presents to this con-
vention, in this the people's year, the
nominee of the people, the plain, blunt,
honest citizen, the idol of the Demo-
cratic masses—Grover Cleveland.
(Cheers.)
THREE THUNDERING CHEERS,
The mention of the name of Cleve-
land was the signal for a thunder of
cheers. Men and women who thronged
the great galleries waved fans, umbrel-
las and banners. An alternate for one
of the Michigan delegates attem pted to
carry the Cleveland banner, which had
once before to-day aroused such en-
thusiasm, over into the New York del-
egation. He sought to enterat the end
of the row of seats where General Sick-
les sat. Great excitement prevailed
when General Sickles resisted the intru-
sion and pushed the offending alt& nate.
A personal encounter was only averted
by the prompt and energetic action of
a number of Michigan, delegates who
rushed to the scene and compelled the
bearer of the banner tomoveaway. All
over the hall, but principally among
the audience, men and women were
wild with excitement Unlike when
the Cleveland boom was on, and the
New York delegation remained glum
and silent, now under the inspiration of
Hill, they rose in their seats and waved
everything they could lay their hands
on.
Twenty-four minutes demonstration
ensued and the exhausted delegates re-
lapsed into their seats and Governor
Abbett was permitted to continue. On
the conclusion of Governor Abbett’s
speech a renewed outburst followed.
The secretary at last proceeded with
the call of states. Hon. W. C. DeWitt,
from the New York delegation, was
put forward to make his speech, pat-
ting in nomination Senator David B.
Hill, and he came forward upon the
platform for that purpose.
Mr. Dewitt nominated Senator Hill,
Hon. John M. Dunscombe placed the
name of Horace Boies before the con-
yention.
HENSEL SECONDS CLEVELAND.
Mr. Hensel, of Penna. seconded
Cleveland. V.G. Tillman, of S. C.,
seconded Boies’ nomination and 0. C.
Ochs, of Tenn., and McDonald, of Tex.
that of Cleveland. Senator John W.
Daniel, Va., seconded Hill's nomina-
tion.
Mr. Wilson, of Minn., and Wm. H.
Wallace, of Missouri, seconded Cleve-
land. W. A. Clark said that Boise
was good enough for Montana,
The crowd was tired of the speeches
in the early morning and mterrupted
them with catcalls and disorder. The
confusion aid noise became so great
that it was utterly impossible to dis-
tinguish the words Senator Daniel:
“This is outrageous, and if New York
cannot have a hearing in this conven-
tion, it is betterto leave it.” Mr. J.
S. Williams said: “I move that a ser-
geant-at-arms and the head of police
get sufficient assistance to clear the
galleries.”
While the sergeant-at-arms were en-
deavoring to restore order Mr. Owens,
of Kentucky, was recognized and said :
“move you that this convention ad-
Journed until to-morrow at 11 o'clock.”
(loud cries of “No, No,” and “Yes,
Yes”)
The chairman—The chair has di-
rected the sergeant-at-arms to use all
the police force in the house to dissup-
press order where ever it may occur.
(Applause) The confusion continuing
and the aisles being crowded with per-
sons who had been improperly admitted
Cochran asked that the motion to ad-
journ be put,
Chairman Wilson refused to enter-
tain it because Daniel had the floor,
and did not permit an appeal then,
Daniels was, finally able to conclude
. quite a long speech in Hill's behalf,
sentative - Democrats have seen its | g 8 sn Hg
and then attention was given while
John Goode, also of. Virginia. favored
Cleveland's nomination.
Mr, Cochran denounced the Mug-
wumps . in” unmeasured terms. = He
said that at least’ 25,000 union war
veterans in ‘New York will not vote
for Cleveland. i
Governor Daniel E. Sickles srose in
the centre aisle waving his crutch and
shouted, “never, never.”
THE TOTAL VOTE.
The Silver Question.
BY GEO. R. WEILAND, STATE COLLEGE.
Ivis to the interest of every man who
earns his living by the sweat of his
brow to be paid in money whose value
never depreciates. For when money is
made up of honest dollars, the Iaborin g
man may by a rigid and consistent econ-
| omy, surely, in this country at least,
lay by a competency sufficient to bring
comfort and rest to the closing years of
life.
It is to the laborers interest that the
conditions which encourage speculation,
either upon a changing value of the
money in which he is paid, or upon the
handling of the products of his labor,
be reduced to a minimum. And with
the laborer, producer and consumer are
alike concerned, for when their specula-
tion, either in the business mediam, or
upon the products labor, buying, selling,
and investment will largely take place
at prices influenced by money in the
hands of unscrupulous speculators who
are quite independent of the cost of pro-
duction and honest profit. Such a condi-
dition is destructive. Ittends to make
thrift impossible, and by increasing the
number of those maintaining themselves
by a jugglery in values, it, vampire
like, saps the strength of a nation.
Because it involves underlying ten-
dencies such as these the smouldering
sllver question is of greater importance
than the tariff, and perhaps the most
important vuestion before the public at
the present time. The common people
of this country should not unwittingly
lend themselves to any scheme originat-
ed by those selfishly interested that may
debase our currency at the same time
that it induces the speculation and ex-
travagance that inevitably attends in-
flation.
The businass of the world is done up-
on the basis of gold. Bi-metallism, that
is the perfect equality and interchange-
ability of gold and silver every where, is
not yet an accomplished fact, and that
notion, that people disregarding this and
attempting to deal with its monetary
affairs as if it were shut oft by itself and
independent of other countries, will
come to grief. There is no magic in
any law of congress that can make the
world accept an ounce of silver as worth
any more than bullion. Money, cannot
be created by legislative act, any more
than laborers can get it without work.
And as the nationis neither more nor
less than a body of laborers, the sum of
its wealth is neither more nor less than
it actually produces, nor can the nation
make debts without paying them with
any greater degree of security and com-
fort than can an individual.
Therefore, when it is proposed to put
the business of this country on the basis
of a dollar with an intrinsic value of but
65c. as compared with gold by the side
of which it is to stand upon equal terms,
it is proposed to create millions of debt
Sis must finally be paid or the nation
be forced to occupy the same uncom-
fortable and insecure position held by
the individual who has impaired his
credit by issuing promises to pay which
remain unredeemed.
It is obvious that if the holder of sil.
ver bullion ehall be given a gold dollar
for 65¢ worth of silver bullion, that the
price of silver will rise to the price of
gold,, and just as obvious that it will re.
main there only so long as we have gold
to give for it and are willing to give
that gold. Bat to this offer for silver
an over amount of gold would be as
great a mistake as it would be to offer
more than the market price for wheat,
just as the grain dealer who did so
would soon pay out all his money for
wheat at an unnatural price, so we
should be ccmpelled to in a fow years
pay out our gold reserve for the silver
of the world atan absurd price. Such
gold as was not hoarded would quickly
pass out of the country and into the
treasuries of the “silver scorning” na-
tions of Europe. No longer would the
vellow elytron of the bated gold bug
gleam in the sunlight of Wall street!
he continued production of silver
would keep it plenty and cheap, while
the scarcity of gold would cause it to
appreciate in value, thus widening still
further the gap between the two metals,
until we should be left at the mercy of
the commercial world, which with its
golden weighted bastinado would mer-
cilessly punish our folly.
This¥eature of the silver question
cannot be too carefully studied nor too
thoroughly understood. Had one hy-
pothetical grain dealer had money
enough, perhaps he could, as some have
said, have cornered the grain markets
of the world. But nothiug short of the
world can corper the world's silver.
We could not, year in and year out sus-
tain silver at a fictitious value and the
very moment we cease to give for it on
demand, gold or its equivalent wrung
from the toil of the citizens of this re-
public, no power on earth, no proclam-
ation of President, or fiat of Congress
could persuade a single foreign mer-
chant to give more than 65¢ gold valae
in merchandise or credit tor a single one
of our short weight dollar.
Then we should commence to feel the
natural and logical result ofsuch a
short-sighted and illogical financial
policy. Our immense credit system
would be destroyed, and in spite of the
increased circulation per-capita, there
would everywhere be the most distress-
ing scarcity of money,
Briefly the process would be this :
‘The secretary ' of the | Treasury sent on
change,—he should: be dressed in cap
and bells—bulling the silver market
and buying at the advance with peoples
tax monies, The government coining the.
bullion thus bought into cheap dollar,
left to the tax-payers to again raise to
the dignity of good money. Great feat.
in: financial gymnastics, but melancholy
spectacle !
‘Whenever, and wherever, the experi-
ment of cheap money has been tried,
progress has been checked, industries
paralyzed and the saving from the thrift
of the common people swept away as
the result of the substitution of the full
value money by the cheap. And [here
18 no reason to suppose that we could by
any possibility prove the exception to
the rule. If we did not sufferin degree,
‘we certainly should suffer in kind ag
they have in the Argentine Republic,
where as the result of successive issues.
of cheap silver, gold was but a short
time since worth. threes and one third
‘‘poor man’s dollars.” Need it be told
that such a premium was accompanied:
by acute National suffering ? Now we.
learn that after a year of bountiful
crops, Argentine securities are in de.
mand. Where? Why in London t
God pity the people of the Argentine
Republic !
It has been well said by a former and
able secretary of the Treasury (McCul-
lock) that “The retirement of $600,000,-
000 of gold would bring disaster unparal-
leled in human experience ;’’ and by one
of great and generous wealth-—I allude
to the Hon.Andrew Carnegie—that “the
man who for the hope of gain seeks to
bring about this disaster is a wrecker
and a speculator whose interests are not
the interests of the toiling masses.”
In the consideration of a monetary
question, it is often well to consider who
want certain things. In this case it ig
the principal commercial nations of Ey.
rope, which with the exception of
France, and now France, have for the
last fourteen years been bending every
energy towards getting upon the gold
basis; The silver barons, and those Wes.
tern farmers who have been unfortun.-
ate enough to contract debts represented
by mortgages, and who now assert
that the so-called demonetization of sil-
ver has increased these debts by many
per cent., and that
should be allowed to pay then in cheap.
money.
‘Whether or not they could pay them
more easily in cheap money is highly
problematical. But their claims dwin.
dle into insignificance when placed side
by side with the rights of the industrial
classes as depositors in the savings banks
to the extent of $1,500,000,000, and the
people at large as creditors of the insur-
ance companies to the extent of $10,000,
000,000. ~The moneyed classes, the
heartless and souless corporations, shall
not also be allowed to pay these vast
indebtednesses to the bone and sinew,
let me say the hope of the nation, in
cheap money !
It is clear that if money wers to be..
come very cheap, and debts were to be
very easily paid, there would be a ten-
dency to an expensive and costly trans-
fer of among the debtor classes, contrary
to the first law of civil society, the.
right of property. Any legislation
seeking to tamper with and pervert the
right of property would be the degrada-
tion of our Statesmanship, and a dark
and ineffaceable strain upon our nation.
al honor.
But what shouid we do? The de-
mands of the increasing business of
this increasing civilization for a greater
volume of currency an imperative.
An examination into the price, pro.
duction, and use of gold during “the.
last four centuries shows that it has.
been the firm and unyeilding rock to
which the commercial supremacy that
both the present and preceding adminis-
tration has made such strenuous efforts.
to win has ever anchored; and upon
which material progress bas found its
sure foundations, When the nations.
come together and mutually agree to
this solidity will be imparted to the
white metal, and the silver question
put at rest forever.
But until the world accept bi-metal-
the country for the two terms are syn-
onymous must protect themselves “by
not calling that a dollar, which is not a
dollar and by making every dollar worth
every other dollar, including the gold
dollar. *
TE ——
ADDITIONAL LOCALS.
—— Bedford cords 80 to 75 cents.
Lyon & Co.
Everyone who has seen it, 1s deo-
lighted with our new Park.
——Lee B. Woodcock is expected
home from Princeton to-day.
—— Providence and the weather per.
mitting the Presbyterians will picnic
next Thursday up at the Park.
——According to instructions from
Council Street Commissioner Shaugensy
is repairing the High street bridge over
the race.
——On Tuesday evening Miss Elsie
Barrows and Jno. W. Peale, son of
ex-Senator Peale, Lock Haven, were
united in marriage.
——Unless the trafic increases the
train which leaves here for Coburn
every evening at 6 p. m., will be taken
off after the 4th of July.
—Prof. Meyer's orchestra has been.
strengthened by the addition of a first
violin. Prof. Tipple is the new mem-
ber.
——The 19th annual picnic of the-
Patrons of Husbandry of Central
Pennsylvanla will be held in Grange
Park Centre Hall September 12, 183, 14,
15, 16 and 17 1892.
——Hoover & Miller, the ex-coal
dealers of this place won, their suit
against the Pennsy. at Huntingdon, on
Tuesday. It was for freight diserimi-
excess rate given other parties in this
place.
therefore, they
coin silver and gold at a fixed ratio, |
lism, this government, the taxpayers of"
nation and the firm will recover $7000 -