~ FALLACIES EXPOSED,
ram
A IL-
GOLDBUG SOPHIITRIES AND TF
HOODS SEOWN UPL.
Test, Payment of Donds,
and Sliver Producers
ered and Clearly Explained
None Should Be Imposed Upon.
Hammer
Consid-
Goldbug sophistries and falsehoods
are difficult to deal with, They mul-
tiply like weeds and assume all
manner of shapes without anv
regard to congraity cr con
sistency, They seem absolutely
mpervious to logieal refutation and
to survive with renewed vigor every
demoaostration of their absnrdity,
Neverthelass, as their continued and
emphatic reiteration is liable to mis.
lead, it seems necessary to persevere
in exposing their falsity. As therois
no method in their presentation, I
think it is well to take them up in-
diseriminately upon the plan of hit.
ting a head rever 1 see it. And
first here is a live one called—
ITAMMIRR TEST,
“fake a United
whe
‘run
1t is said:
Wy
1\
\
A \\
friend of
Labor”
\
aA
LAY \\
\ \\ \ \
\
the bullion mass will
valuable with the coin, but
a silver dollar to the
nearly half its value
stroyed.” Very true, but why?
defaced gold ean be
taken to the mint and without cost re
stored to coin.
coinage privilege and it will stand the
test in exactly the same way and for
the same i! the min
You may smash a silver do
mer and
equally
submit
test and
BAe
is
reason, t 18 Opi
ar on tae
anvil uatil it 1s khapeless and the rem-
much as the coin before defacement,
for the plain reason
it ean be reformed
and
standard
hat without cost
into the stamped
No
coin.
Ons
of
that
which by their terms are
{ made pavable in "1a either a
rank hypocrite or without sufficient in-
telligence to manage his own business,
I'he hor it ol Nation
{ Government,
‘coin,
or and cred n
{
{
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184
do exactly what it has eon-
cannot be
suspicion by
aod {
»” + i ”
ales] 3
aoe} 5,
tainted or
y the whines
ibolders, echoed by no
ther hirelings,
or the third specification I select this
rougint ir
greeay von
3»
fatter |
=
IW many ol
4
test,"
Way regards—
“THE PAYMENT OF poxXDs."”
0 "
bonds are in terms payable 1n ‘coin,
Yet as gold was given for them thers
18 8 moral obligation to pay them in
gold. The assumption of fact
because nearly every
bond in existence has
by refunding =a
<ehased with mt
tender notes,
Insist upon
that gold was
ud then ask what
determining the eo
whick it shall be p
of payment to be lo
consideration for the |
of its terms w
method of payme
Iawyer smile to se
& matter of seo:
At no tice and
and voder no |!
character of the c
obligation allowed
fluence, legally or m
dertaking of the oblig
consideration may have been is ihm:
terial. It may bayve been the bui
of a railroad or
Government supplies or anv «
hundred things, 1f 1
then the amount paid was equally im
portant with the quality.
18 false
Government
been
made
ton,
IgA
rally
wr
the in
rails
i
waa
lo refer to
Ol
as a guide in conmderins the
tion of the Government
ign.
Ign
as it 1s to the teachings of
busines sense,
common
One thing is certain,
least consideration at which it conld be
obtained. If gold was paid, then the
purchase was made with just as »
an amount of gold as the buyer econld
induce the Government or repre
sentatives to take. What Le
how much he paid has n to
with the quest bought.
Let me illustrate by an actual trans
action. A vear snd a half
Government wished
millions of bonds, and a mot ey fy n
cato was negotiating for the purpose.
Pending the negotiation Mr. Cleveland
sent sn to Congress,
that for thirty year bonds, payable in
coin (the only kind then authorized bv
law), the syndieate would require that
the rate of interest should be per
cent., but if thirty-year gold bodds
could be authorized they would take
them at 3 per cent. the consideration
in either case to be in gold. The dif-
ference, reckoned to the maturity of
the bonds, amounted to about fifteen
millions of dollars, Congress not be-
ing willing to suthorize a gold bond,
the contract was concluded for coin
bonds at 3] per cent. interest—that js
to say, the Government obligated it-
self to pay to the syndicate fifteen
millions of dollars for the privilege of
satisfying the bonds in coin, instead
of obligating itself to pay in gold
alone, Now, I ask, supposing silver
to be cheaper than gold, in what kind
of coin ought the principal and inter-
est of these bonds to be paid? Can
there be any doubt about the answer?
When the Government has paid fifteen
millions for the option of discharging
its obligations in either milver or
gold, instead of gold alone, shall it re
fuse to exercise ils option? $4
any officer of the Government shall
under present conditions pay the in-
terest on these bonds in gold, wiil he
not be guilty of a manifest fraud upon
the American people from whom the
means of payment are to be proenred
by taxation. And yet these bonds in
no way difler from any others, except
that in this case by the communication
of the President the relation between
the consideration of the bond and its
on is made manifest and indis-
table. The man who talks about
honor or eredit of the Nation be-
ing injured or imperiled Ly a payment
silver of the obiigations of the
mail
its
ao
athine
OLLIDgE
ion of what he
Avo
whew. db
ey ndi
10 eSBRLe stating
a3
3
ia orn
if ox 1
f i!
i
OINaAge
y benefit « #
reason given
lowed to take
orth of silver bullion
for 1t a dollar.
nonsense,
| g1iver coinage opens the mints, not to
prodncers but to everybody,
alone,
jaitty who holds or chooses to procure
| silver bullion. The privilege is uni-
versal, and every ounce of silver in the*
the option of its owner,
the nt and converted
dollars, Yhen two
bi for
}
are
world can, at
i ba brought to
into American
¢ 1 &. one
Ne,
her,
18 3 impossiblo that th
id b "
mld f iifference in market
price betwee When with 871
grains of silver anybo ly ean procure
| an American dollar, no one
{ part with silver at any less price,
and
therefore (a
is going to
I'he
OIGAZD Yaiue
allowance
the co
ivind
trivial
bullion value
Inust,
cost of transportation),
markets of the
nust always
for a
will make no difference
bullion
he takes bis ballion to
it in New York or
1f he mints it he will
rican dollars, sud if he
market he will receive
American d¢
| to him whether
the mint or sells
J.ondon market
Am
{ 8@ils 18 1a the
receIve
| the e jaivaient of ilars,
| The assertion, therefore, that the mine
| owners, more than
i obtaia a dollar at the mint for ifty-
three cents’ worth of bullion or say
amount of bullion worth in the mar-
ano
kots of the world less than
dred cents is pure fietion.—C. J, Hill-
{ yer, in Silver Knight,
anyone else, ean
i
The Bryan Dollar,
The silver dollar nnder the proposed
{ free coinage act will bs as great it
purchasing power as the present dol
lar. We are 1 to a dichones!
{ dollar. that chargs the
{roe coinage dollar will not be worth thie
onnosed
I'h 0 that
foes vais re becyg uz the qu ation.
We assert that it will
duction |
in the proportion of 18 tol. The
quantity of i marketed |
of rold,
MU
#i to bo
times
vor ile function as money |
and its col value will be in the
| sane prop [hs eommoeraial
value of silver will, by reason of the
increased demand, become tha
83 1is coinage valae, and will bear tha
same proportion to the commercial
| value of gold as the quantity of silver
i produced bears to the quantity of gold
| produced. Bryan and the Democratic
party are not wedded tc a ratio whieh
wonld prove impracticable. It would
be impolitic now to coneade the possi
bility of the ballion value of silver not |
rising to its coinage value. Bat in |
case it does not, we are assured, and |
we feel confident that such safe.
guards of legislation will be enacted as
will insure the parity of both metals
Of the ability of the Government to
insure such « parity there can be no!
doubt. It is notorious thet the pres. |
eat silver dollar, which contains only
fifty-three cents’ worth of silver bul. |
lion, is equal in purchasing power to
a gold dollar, which contains a hnan-
dred cents’ worth of gold bullion, be-
ease of the credit of the Government,
To the enactment of sach legislation,
in caso it becomes necessary, as will
insure the continuation of this we
are unalterably committed. — New
York Suburban,
Iss
Bedtime fn Ancient Days,
The boya and girls of this
ver
i sixteen taat
Restore to ail
nage
irtion
sama
they be sent to bed at dark. Yet the
ma jority of grown people, as well as the
children, {o ancient Rome rarely lighted
a candle unless at dawn, In Rome,
Athens, Egypt, aud other parts of the
Mediterranean shore, the bedtime was
between seven and nine o'clock in the
evening, according to {he season. The
Turks go to bed eatly and get up early
to this day.
1
§
THE SILVER SIDE.
Wall and T.ombard streets are
feriy opposed to Bryan—all the m
reasofi why those woo carn their
pport him.
uw
lviog should sn
ra who
Dearing Wa i
ng the Treasury reserve
speoniators
have BLOCKS in
os will find the people guu-
the
apprehensi
r ior thi uwtid
1311 5
Mil the
in autumn
3
‘ 111 all : $ 3
guns will a:l be loaded tor bear.
—hermat
Coes it cost so much
: Inoney
wial they want to do?
mn
aL ” i
shem de
mont, Co
Morg an A
sary to spend hundreds of
make Le peop
according
ald 18 re )
7
against their wishes?
oiates vote
y BOW much w
180 them vole
ur Daddies is
American people. I
and wo
16 DeCessarios
more Luan the
beneficent rule
# 5
i BLIVET
¢ the
INASEes
BOW of
ago we were fold that
that gold and silver
h If true, the rascals
doing so mach ‘against
i's money will have a
a ticket at the pearly
Why is it
expend millions,
JEPUBLIJAN BTATEMENT3
BUITER AND EGG3 DI3I
ABOUT
'ROVED.
Under the Wilson
Butter Jllave
the Kxports Have Increased
in the
Lnw Imports of
While
De=
Kags.
Decreased,
Crease
The Chicago Inter Ocean publishes
in article introduced by startling
headlines in which 1t is asserted that
‘“the tariff issne leads,” that ** Western
farmers are awakening to its
tumportance,’
ly
Imports ot
great
"and that “they realize
(nl the losses hey have sustained
inder the Wilson law.” Attention is
lireeted to the remarksof C, W. Mott,
ff St. Paul, General
the Northern
Immigration
Pacifio Rail
ap 6“
“was
by
fog bur
3%y
on butter,” he
eased two cents a pound tho
mm 1s the con grqueuce is
Michigan farmers who send butter
i one-third
than when the McKinley
fTeot. The rest oc mes from Cannda.”
Bat Mr. Mott and the Inter Ocean
know, or to know, that
mports of nlways small,
the now
oficial fig
BUYE, de
vw, and
shipping
Joss
law was in
ought
butter,
do wreased nonder
Hero ure the
both imports and
down to June 3
Ww
the i
been
own volition"
For the same
people vote ‘‘of their
for the gold standard?
reason that the high
' deliver up his money.
great sane,
MeKinley is Jost sight of in the cam-
English capital and
Onsires,
arn ful
howl ol
against stirrin
ines is troly pathetie,
fonder
on which
ov
others
ng
is prosecuting a most
3
na pro-
disliress woul {i be gla i
and whioh
cape observation, fearing the in.
" We
gesting that *‘no ch
asiter draw with good
ow
§ 4
1¢ people, beg
3 10f
he law,
English financiers rule this country,
and that question is, Shall the United
Ntates legislate for tha people of this
policies and foreign legislation? If
the United States cannot maintain an
independent financial policy, we are a
dependency of Grest Britain, and un-
til that question is settled, there is no
other question of the slightest im-
portance. If we trust our finances to
Great Britain, we may as well trust
everything else to her, because who-
ever governs the financiers of the
coantry, governs the country, —Silver
Knight.
— wn
What Demonetization Has Done,
The demonectization of silver has
checked our advancement as a Nation,
and brought us under tribute to
thieves: but if we succeed in seonring
its remonetization, the wheels of pro-
gress will turn again, and the people
will arive in their might, ‘like a young
giant refreshed with new Wine.” —Sena-
tor Jones, in Arena.
Humoring Mim,
Eminent Bpeciallst—Yes, madam
your husband ls suffering from tompo
rary aberration, due to overwork.
Wife—Xes be insists that he is a mill
fonaire, :
Eminent Specialist—-And wants te
pay me $100 for my advice. We'll have
te humor him, you know. Standard
: esc os A OB co si
Don’t lean anything; you Ynow your.
self how careless you are in paying
Wiles nm law on
r pound,
highest 80
ag to valae.
1530 the Besseme
{ that-—but
or cost per ton
usiy” reduced, bLeea
reduced, but
cannot be
trade or even a low tari
glire ©
al
ocen
Ef 2 Ed ati
wages aide
gots so Jong ns the lo
81.65 and 31.95
gressional Con
less than 86.72 aod as high as $60,
The tariff daty i
much higher than tho en:
on =i
ite:
for pro
labor was paid nothing for
der the present law would not permit
them to nnderscll the ingots made in
this country. The people saunot be
fooled by such balderdash in this cam-
paign. The now steel pool formed
two weeks ago to control the price of
open-hearth steel will do more dam:
age to steel consumers and Ameriesn
labor than would absolute free trade
in stoel,
—
Democratic Party the Conniry’s Hope,
I am one of those who believe that
the Democratic party was not born to
die except with the death of Republi.
ean Government. It is inherent to
our constitutional system, atid essen:
tial to the wholesomo existence of that
system. That it has, on important
occamons, failed of its daty to the
State and fallen short of the require:
ments of the hour, merely proves that
its lenders were unequal, not that the
principle of its being was at fault, In
spite of the mistakes of its leaders, and
in spite of grievous perversity and
misadventure, the party has survived
disssters enongh to destroy half ¢
dozen parties. As long as free insti.
tutions bailt upon recorded Jaw need
a firm, enlightoned defender—a de
fender alike against the encroachments
of organized rapacity and the excesses
of popular sontiment—the Demooratic
ty, a8 directed and inspired by
efferson, will stand between thom
institntions and every assailant
Henry Watterson,
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NOT A WORD AGAINST TRUSTS,
wepublicans Falled to Condemn Mo-
nopolies,
ye
ihe Amoriecan people, irrespect.ve
believe that if they
no midst of pieuty it 15 because they
Bre poo:
Chief
nro
the agencies which
trusts
the
among
the
iwonopolies whieh
great nna
control
the commoailies
‘on sumed by tho MIAsKEn, The (que
Lion of breaking down these combine
whieh oppress the people are of
issnes of the day. Relie
from trust exactions, and the abolition
ob them
wetnre of nearly all
ithe
foremost
of the power of monopolies to make
ortuncs out of the
lemanded by practically « very Ameri-
Poor, 18 earnestly
sitizen,
the platform of the Republican
Couventi olutely
ut on the
word of
tional a IR ab
of trusts Not
condemuation for tho
onuspiracies against the people was in
wf
BID je 4
JAA
ferted in the declaration of principles
:
country, nor did @
many speakers who addresse
refer to the
which
§
(
ii
given t on
i 1h
dangeron
Oo the
couvention
are th
erity. Thera
clunrges
vinations
{ pros
plenty of wild
Democratic party, and plenty of bun-
EApping
ation s
nuainst
CO De ses of high-taxation p
lared t
prom:
but no one J denouns
rganization
of Protectionism.
ian
1
i
arill aw
a mas
ImpoEs
reali sdvanutage
$1
rar
4583
Areal ne mt
reasing ot
nereased
80 i
BCTIOAT
f£ 3 4. wy
Lis LA108 Ale
irom prolit
ey migl } yMpdant can
Feauce
insiry and
gas i
. a 2
and — XOW LOIS
enty voar
bushel, the
en reached
ne need not go farther
sonri to ascertain the exact
of the farmer.
than
condition
their children of the education which
had been planned, beecanse of the de-
pression of the times, what folly is it
home market.’
Mr. MoKinley speaks again of ‘a
most damaging foreign competition in
our home market.” In what agrical-
tural products has this damaging
foreign competition been noted? Is
it in cotton? Is it in eattle, in wheat?
Aro not all these exported?
Tie trath of the matier is that tho
policy of protection has evoked re:
talintory measures ou the part of
countries like Germany apd France,
which, by their prohibitory tarifls,
have prevented onr sales of agricul:
in the home market MoKinleyism
moans the fiual destruction of the
agrienitaral industry. —3t, Lous Bes
public.
od III 5.5 BY
Why Freighis Are High,
Pricos of staple farm products are
low, nnd fatmere compiaia that the
railroad freights eat np all the proc
on their nsrops, Bat tho radroads
have to par the trnst's price of S39
per ton for +teel rails, waiie the sams
rails are sold to Japau sud Covad tor
iosn than $22. The additional 37 cone
out of the farmers’ pockets. Ie 18 any
‘ wonder that freights are high?
AMERICA'S DEEPEST LAKE,
-urious Facts About a Body of Water in
Cregon,
(ho jst
Oniy
was
Lostis
that
xter
t regularity downs
oa fall
York
21a
beard
growth
and mustacl
of bristly New
Russian Babies.
Ag by a recent traveler,
Russian babies as seen in the homes of
Russian Niberia, are
tnattractive specimens of human
woked curiously at one little
says the iraveler, “which was
131d upon 4 shelf, Another hung from
the wall on a peg, while a third was
shing over «ie of the supporting rafters
and was being swang to and fro by
the mother, who bad a cord loop over
hey Why, cried 1 in surprise,
that's a child! “Of course it Is’ re.
plied the woinnan: “what else should it
be? Having eamod =o much in so
short a time I had an irrestible de
sire to inspect the *conteiis of the
swinging bunde. | looked, but turned
away in disgust, for the chill evas as
dirty as a pig. I asked why the baby
was not washed, It may have been
mpertinont., . ‘Wasbad! shrivked the
mother, aparently borrified. Washed!
What-wash a baby? Why, youd
Kili ih?” :
described
the peasants ia
Ys ry
ity. "i
botdie,”
foot,
A cargo of conl wax recently re
ceived at San Pranclses from Ton
onosugh to make the venture profitable.