Democratic watchman. (Bellefonte, Pa.) 1855-1940, October 02, 1896, Image 4

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    Free Coinage of Silver and the Restoration of the Money of
NN
ABOR’S DEMANDS.
ORCANIZED
the Constitution.
SOME SOLID FACTS FOR THE WORKINGMEN.
To the Members of Organized Labor and all other Producers and Toilers Through-
out the United States:
In view of the general distress now prevailing throughout our country, which has
existed for so many years and which will continue until remedial legislation is en-
acted—and all this occurring, too, at a time when our granaries are full to repletion,
and when, in the natural order of things, our producers and toilers should be en-
joying to the full the fruits of their hard and conscientious labor—it seems to us
that the time has come for united action on the part of those who create the wealth
of the country.
The respective demands and platforms of principles of our several organizations
set forth our opinions as to the causes that have brought about this condition of
things. Inasmuch as the leading representatives and friends of all our organiza-
tions have placed one of the causes of the tribulations of our beloved republic to
the departure of our government from the wise bimetallic financial policy of Wash-
ington, Jefferson and Hamilton, and the substitution therefor of the present mono-
metallic policy recommended by European money owners and advocated by their
American allies, we, the undersigned officers of industrial, agricultural and com-
mercial organizations, have thought it best, at this particular time, to submit for
your careful consideration a synopsis of the legislation respecting the precious
metals enacted in this country since the foundation of this government, that you
may judge for yourselves as to what portion of such legislation was enacted in the
interest of the producing and what in the interest of the non-producing classes,
and as to whether or not the shrewd manipulators of our finances foresaw that the
result of their work would be to largely help in the subjugation of the people.
Whatever the object, certain it is that before the demonetization of silver and the
enactment of other financial legislation which our organizations condemn, 3,500
bushels of wheat, or 35,000 pounds of cotton, was the annual pay for our congress-
men and senators, while to-day 10,000 bushels of wheat, or 100,000 pounds of cot-
ton, barely suffice. Before demonetization, 35,000 bushels of wheat, or 350,000
pounds of cotton, per year, would have paid the salary of the president; to-day he
receives the equivalent of 100,000 bushels of wheat, or 1,000,000 pounds of cotton.
And in like proportion it is with all other fixed salaries and incomes.
Was such legislation just? Was it honest? Does it not necessarily follow that
the demoralization of the food-producing sections of the country, through failure to
procure reasonable prices for their products, causes the manufacturing sections to
accumulate excessive stocks, and that, in consequence of a poor market, hundreds
of thousands of operatives are thrown out of employment, thus robbing them of the
power, even at the low prices, to purchase the necessaries of life:
Again, is it not obvions to every one that the striking down of one-half the
world’s volume of money makes the remaining half a comparatively easy matter for
capitalists to control and manipulate, and thdt toilers, to obtain money for the pur-
chase of their food supplies, are placed i at the mercy of the foreign and
American money sharks, who, hy contracting the currency, can force a panic or
famine in money at their supreme will ?
Would they be guilty of such a crime? We only say in reply, look at our pres-
ent helpless condition. Does it not seem to you, in the light of the facts here
given, that, where in the midst of plenty there is widespread suffering and unhap-
piness, there is considerable meat in the refrain from Wall street: ‘‘ Dig on, ye
toilers, dig; the legislative button that we press will do the rest !”’
The first coinage law enacted under the constitution, as recommended by Hamil
ton, concurred in by Jefferson and approved by Washington, provided for the free
and unlimited coinage of both gold and silver, the silver dollar containing 371}
grains of pure metal.
In 1837 the mint laws were revised, and the standard for both gold and silver
was made nine-tenths fine; that is, nine-tenths pure metal and one part alloy, the
number of pure silver grains to the dollar remaining unaltered, viz: 371} grains.
This law established our present ratio of 16 to 1.
In August, 1865, the public debt, which grew out of the war, reached its highest
point, the debt, less cash in the treasury, being $2,756,431,000. The debt was not
payable in gold. No bonds or other government obligations were ever made spe-
cifically payable in gold. The interest on the bonds was made payable in coin, the
greater portion of the principal of the original bonds in lawful money, and the re-
funding bonds in coin—not gold coin, but coin of either gold or silver.
In 1869 the principal of the bonded debt was also made payable in coin.
In 1870 the standard of coin was by the refunding act nominated in the bond;
that is to say, all the obligations of the United States were then declared payable in
either gold or silver, of the present ratio, at the option, not of the bondholders, but
of the people of the United States.
All the acts passed since the close of the civil war, it will be observed, were in
the interest of the bondholders, and against that of the producers and toilers.
But it remained for the year 1873 to witness the crowning blow of all. In that
year, an innocent-appearing bill, entitled “An Act Revising the Laws Relative to
the Mint, Assay Officers and Coinage of the United States,” was successfully pass-
ed through congress. :
The bill purposely omitted, from the list of the coins to be minted, the silver
dollar.
By that clandestine act, of which the people and the people’s representatives
were ignorant, and by the subsequent act of 1874, adopting the revised statutes,
silver was demonetized, and the world’s volume of ultimate redemption money was
reduced from about seven billions to three and one-half billions.
In 1878, after the discovery of the crime of 1873, congress passed what is known
as the ““ Bland Bill.” This bill was vetoed by President Hayes (John Sherman be-
ing secretary of the treasury), and congress passed the bill over the veto. The act
of 1878 added to our volume of money over 370,000,000 standard silver dollars.
In 1890, what is known as the ‘‘ Sherman Act ’’ was passed as a substitute for the
«Bland Act’’ of 1878. This law further increased our volume of money over
$150,000,000.
Under the Bland and Sherman laws over $500,000,000, or about $9 per capita,
were added to our volume of money. As all reflecting men are agreed that the
present distress is due to a scarcity of money, we must leave it to the imagination
as to what would now be our condition if the gold standard men had had their way,
and our present insufficient volume of money were half a billion dollars less.
The Sherman bill was adding over fifty millions a year to the money of the coun-
try when in 1893 its repeal was imperiously demanded by European financiers,
through their American allies; and, although the people’s representatives made one
of the grandest efforts ever witnessed in behalf of the producers and toilers of our
country, yet the power of the financial institutions of Europe was so great that our
people were compelled to submit to temporary defeat.
Now, the question is: What do the tens of millions of victims in this country, to
the diabolical gold standard policy of Lombard and Wall streets, propose doing
about it? Submit to subjugation, or demand in no uncertain tones the immediate
restoration of silver as standard money? No! they will no longer submit to such
injustice! And therefore we earnestly recommend the adoption of the following
resolution:
« Wedemand of the present congress the immediate return to the money of the
constitution as established by our fathers, by restoring the free and unlimited
coinage of both gold and silver at the present ratio of 16 to 1, the coins of both
metals to be equally fall legal tender for all debts, public and private, as before
the fraudulent demonetization of silver in 1873.
« We also condemn the increase of the national debt in time of peace, and the
use of interest-bearing bonds at any time.”
Signed: J. R. SOVEREIGN,
Grand Master Workman, Knights of Labor.
JNO. W. HAYES,
Grand Secretary and Treasurer, Knights of Labor.
SAMUEL GOMPERS,
President of the American Federation of Labor.
MARION BUTLER,
President of the National Farmers’ Alliance and Industrial Union.
H. H. TRENOR,
General President, United Brotherhood of Carpenters and Joiners of America.
: P. J. McGUIRE,
General Secretary, United Brotherhood of Carpenters and Joiners of America.
P. M. ARTHUR,
Chief of the United Brotherhood of Locomotive Engineers.
. C. A. ROBINGON,
President of the Farmers’ Mutual Benefit Association.
’ FRANK P. SARGENT,
Grand Master of the Brotherhood of Locomotive Firemen.
: F. W. ARNOLD,
Grand Secretary and Treasurer of the Brotherhood of Locomotive Firemen.
@® . JOHN MCBRIDE,
President of the United Mine Workers of America.
— ee ——————————————
The Latest Democratic Ticket in New
York.
NEW YORK, September 28.—The regular
Democratic ticket of the state of New
York, revised by the state committee this
evening is: For Governor, Wilbur F.
| Porter, of Watertown ; for lieutenant gov-
ernor, Fred C. Schraub, of Lowville ; for
associate justice of the court of appeals,
Robert Titus, of Buffalo.
It was supposed to be settled that Elliot
Danforth, chairman of the state committee,
would be placed at -t11€ head of the ticket
to fill the vacancy caused by the decli-
nation of John Boyd Thacher.
eleventh hour Mr. Danforth, who had been
in telephonic communication with Senator
Hill, decided that he would not permit his
name to be used. He told the committee
and the managers of the Democratic cam-
paign got together and decided to push
Wilbur E. Porter up from second place to
first and to make F. C. Schraub lieutenant
governor. No changes were made in the
third place on the ticket.
The Way a Republican Paper Views the
Bardsley Pardon.
From the Ebensburg Herald.
On Monday John Bardsley, the embez-
zling city treasurer of Philadelphia, was
pardoned, Gov. Hastings signing the doc-
ument that set him free. It is said that
Bardsley was sick, and to save the life of
this convict he was pardoned. He stole
millions, yet he is a free man. If some
poor mother had stole a loaf of bread to
save the life of her starving child, she would
have been permitted to die in prison. Our
belief is that Bardsley was pardoned for
the express purpose of conciliating certain
political factions in this State. To pardon
Bardsley was simply to encourage crime,
and the Governor who signed the pardon
is the same Governor who helittled himself
in Ebensburg at a court trial about a year
ago. Shame!
There is Nothing for the Farmer Any
More.
“From the Doylestown Democrat.
pes. It don’t seem to matter what sort
of crop the farmer sends te market in these
days, there does not appear to bea very
encouraging price for it. The Hunterdon
county Democrat tells the story of a Red
Bank farmer who recently shipped 58 bar-
rels of apples to New York. When the
freight, cartage and commission were de-
ducted he received $7.81 for the shipment,
which is a little over thirteen cents a bar-
rel. The barrels cost fifteen cents each and
are not returned, making a net loss of two
cents per barrel, or $1.16 on the shipment,
not counting the cost of raising, picking
and marketing.
Work for 500 in Iron Mills.
Resumption in Factories at Hollidaysburg and Ty-
rone.
tions will be resumed to-morrow at the El-
eanor iron works here, and. at the Tyrone
iron works, in Tyrone, this county, after a
long period of idleness. These two plants
are controlled by R. C. Neal & Co., of Har-
risburg. They will give employment to
five hundred men.
——Read the WATCHMAN.
At the |
Hollidaysburg; JPa., Sept. 28.—Opera-
A Big Purchase.
Hon. John Wanamaker Buys the Business of Hilton,
Hughes & Co.
PHILADELPHIA, September 28.—Robert
C. Ogden, of the firm of John Wanamaker,
returned from New York this evening and
confirmed the report of the purchase by his
firm of the entire business of the late firm
of Hilton, Hughes & Co., of New York.
The transaction includes the purchase of
all the real estate of the original firm of A.
T. Stewart & Co., consisting of the great
store at Broadway and Tenth street, the
stable and outfit of the delivery service
i and all the merchandise. The Philadel-
| phia firm will enter immediately upon the
occupancy of the premises of its new pur-
chase and will run the business upon the
same lines of the Wanamaker store here.
The senior partner of the successors of
Hilton, Hughes & Co. is John Wanamaker,
who was postmaster general in President
Harrison’s cabinet. Mr. Wanamaker’s
establishment here is one of the largest
| general stores in the world and does an
i enormous business annually, and the ex-
| postmaster general is credited with being a
millionaire several times. Nothing could
be learned here of the amount involved in
the purchase of Hilton, Hughes & Co.
Big Mills Starting Up.
Ten Thousand Employes Given Work by the Resump-
tion.
MANCHESTER, N. H., Sept. 28.—This
morning all departments of the Amoskeag
company started up with a full set of hands.
This establishment has 8000 employes, who
have been idle since August 8.
WARE, Mass., Sept. 28.—The Otis com-
pany’s cloth mills, in this town, which
have been running on half-time for six
months, started up on full time this morn-
ing. There will be a slight change in the
prices paid for piece work. The company
employs 1800 hands, and if trade warrants
.| will run all winter.
AMESBURY, Mass., Sept 28.—The Ham-
| ilton.. woolen mills, employing 800 opera-
| tives, started up this morning permanent-
{yy after an alternate shut-down aggregat-
"ing five weeks.
|
Mrs. Edith Randolph Became Mrs. Wm.
C. Whitney Yesterday at Noon.
No Display of any Kind. Ex-Secretary Admits the
Engagement was Quite Recent. Bride is a Beauti-
ful Woman.
BAR HARBOR, Me., Sept. 29.-—William
C. Whitney was married to Mrs. Edith S.
Randolph, widow of Captain Arthur Ran-
dolph, of the British army, at high noon
| to-day. There was no invitations and no
bridal party. One representative of the
bride’s family, Frederick May, Mrs.
Randolph’s brother, acted as usher. A
very few of the most intimate friends of
Mr. and Mrs. Whitney were notified yes-
terday, but until then the engagement even
was not known.
Kansas Safe for Silver.
Poll of the State Shows a Majority of 50,000 for
Bryan,
TOPEKA, Kan., Sept. 29.—The allied
free silver forces have made public the re-
sult of a poll of the State. J. Mack Love,
chairman of the Democratic state commit-
tee, says Bryan will carry Kansas by 50,000
majority, if the figures do not go above
that.
Bryan in New York.
He Spoke in Tammany’s Historic Wigwam Last Night. |
NEW YORK, Sept. 29.—It has been many |
a decade since the historical Tammany
wigwam has held such a mass of humanity |
as that assembled there to-hight to hear |
William J. Bryan and others speak. Al- |
though 6 o’clock was the hour set for the !
proceeding to begin, three hours earlier the
doors of the famous meeting place were be-
sieged by a clamoring throng. Tammany
was determined that every word uttered by
Mr. Bryan should be heard by those in the |
hall, and, with this end in view, had
erected a sounding board, in the shape of a
canopy, directly over the speaker’s posi-
tion on the platform, the candidate stand-
ing under it while speaking. -
The meeting was called to order by John
W. Keller, the presiding officer of the
evening, at 7:45. At that hour over 5,000
persons congregated in the hall.
Mr. Keller delivered a short speech laud- |
atory of Mr. Bryan and Tammany hall and
in denunciation of Mr. McKinley.
Resolutions were read endorsing the
platform adopted at the national conven-
tion held in Chicago and the state Demo-
cratic.convention at Buffalo and the candi-
dates named on those occasions.
mpm
New Advertisments.
OR SALE.—Good seven room house on
Allegheny street, fisnoionts. Apply to
40-13 BROWN, Jr.
ANTED—AN IDEA—Who can think
of some simple thing to patent? Pro-
tect your ideas; they may bring you wealth.
Write JOHN WEDDERBURN & Co., patent attor-
Se Washington, D. C., for their $1,800 prize of-
er. ’ 41.31.
ANTED — SEVERAL FAITHFUL
men or women to travel for responsible es-
tablished house in Pennsylvania. Salary $780-
payable §15 weekly and expenses. Position per
manent. Reference. Enclose self-addressec
stamped envelope. The National, Star Building,
Chicago. 41-49-4m.
DMINISTRATOR’S NOTICE. — Let-
ters of Administration on the estate of
Elizabeth Calderwood,deceased, of Taylor Twp.,
having been granted to the nndersigned, notice is
hereby given to all parties having claims against
said estate to present them duly authenticated
for payment. H. H. OSMAN,
41-38-6t © Port Matilda, Sept. 21, 1896.
IENERGETIC. MEN to so
A N T E D licit orders for our hardy
| Nursery Stock. Expenses
land salary to those leaving
BY THE (home, or commission to
ol, agents. Dymanen;
I ~ (Employment. 1e busi-
CHASE Bos easily Learned. Ad-
Sa [dress The R. G. CHASE
NURSERIES |C0., 1430, S. Penn Square,
Philadelphia. 41-38-2t.
(me river Salmon, Finest Goods
15¢. 20c. and 25c¢. per can.
SECHLER & CO.
New Advertisments.
OR SALE AT A BARGAIN.—Two
comp ete Ball Shingle Mills with Jointer,
Bolter, Slitters, Drag Saws, Boilers, Engines,
Shafting and Belting. One 10 h. p. and one 20 h.
boiler and engine on wheels. Four two-flue
oilers complete. One Saw Mill with Edger and
fixtnres., Address, H. LOEB, DuBois, Pa. 41-26
T= OUR HAMS, BREAKFAST BACON
AND DRIED BEEF. THEY ARE VERY
FINE.
SECHLER & CO.
OR SALE.—Second hand and in excel-
lent condition.
ONE 60 HORSE POWER BOILLER.
ONE 40 HORSE POWER ENGINE.
30 pulleys, all sizes, and a large lot of shafting.
The engine and boiler are complete, with all fix-
tures, brasses ete.
41-37-6t. KS. M. BUCK, Bellefonte, Pa.
FE tIoN AL.
Office of
W. FRED REYNOLDS
BELLEFONTE, PA.
To WaoyM 11 MAY CONCERN :
This will certify that I have used the
TmstLe EXTERMINATOR manufactured by Mr.
Samuen Winte, of Bellefonte, with satisfactory re-
August 31st, 1896.
.sults, and I cheerfully recommend its use to any-
one who wishes to get rid of this pest.
JOHN C. MILLER,
Manager for W. Fred Reynolds.
Persons desirous of securing farm or township
rights can obtain them by applying to Clement
Dale Esq., Bellefonte, Pa. 41-35-1m.
A UDITOR’S NOTICE.—In the Orphans
Court of Centre county, in the matter of
the estate of Adda C. Showalter, late of Philips-
burg, Centre county, Pa. Notice is hereby given
that the undersigned has been appointed an
auditor, in the above estate, to distribute the funds
now in the hands of J. C. Stoner, executor, to and
among those legally entitled to receive the same.
And that he will meetin his office, in Bellefonte,
on September, 25th, 1806, at ten o'clock a.m. for
the duties of his appointment. Parties interested
will please attend. E. R. CHAMBERS,
41-35-3t Auditor.
12 Fish, of allk nds at Very Low Prices.
New Cheese
SECHLER & CO.
Fauble’s
Katz & Co
. Limited.
HAVE YOU SEEN
OUR LINE OF MEN'S ALL WOOL SUITS.
price.
You will find
asking $10.00 for exactly
Hx
$5.00?
They are the Greatest lot of
goods ever shown at that
other stores
the same suits.
FAUBLES’,
Bellefonte, Pa.
HE G
EE.
LOBE.
DRY GOODS, CLOTHING AND MILLINERY.
Another new departm
ent added to the many
attractions of this popular store.
We have devoted our entire second floor to
the sale of
MEN’S YOUTH’S AND CHILDREN'S
CLOTHING.
Our claim for your patronage is ‘‘Superior
quality of material used.”
“The highest degree attainable in workman-
ship, every garment being made in our own work
rooms in Philadelphia and subject to careful ex-
amination before being placed on our counters.’
AND LASTLY.
GREAT CONCESSION IN PRICES.
We guarantee every
¢
garment we sell and
cheerfully refund the money if, after examina-
tion, they prove unsatisfac
tory.
We sell no Shoddy stuff and every garment
we sell will prove dependable.
We will sell you
Child’s Suits from 4 to 14
cc 6s ¢ 6 ‘6
yrs. : .
better goods
73Cts
98cts.
OUR GREAT LEADER
full Double Breasted Child's
Suits either Black or Blue and guaranteed
«STRICTLY ALL WOOL.”
Youths}Suits from 14 to 19 yrs. good wear-
ing cloth $2.48.
Over 50 styles Men's
¥
good Cassimere Suits
to select from, ranging in price from $4.85 up to
$20.00.
We sell you a strictly all Wool Suit for $5.00
Boys Overcoats from $1.00 and upwards.
Mens Overcoats from $2.50 and upwards.
Immense variety
40-15
to select from.
KATZ & CO. L’td.
Makers of low prices and terror to all competitors.
vt
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