WHY GOLD PAYORS THE RICH. Its Value Is Constantly Appreciating. To the Detriment of the Producer. Small Farmers of England Wiped Out. That Must Be the Final Re sult Here. What the True Interests of the Republic Demand. Degrees of wealth cannot be regulated by law. Wealth must bo left, as nature intended it, as the reward of industry and frugality. But thero certainly should be no laws especially favoring the wealthy classes. Such it law, how ever, most certainly exists in the act of 1873 establishing the single gold stand ard. It favors the rich to the detri ment of the producing classes because it fastens upon us a growing or appreciat ing measure of values. Every successive nation which adopts the gold standard increases the world's demand for that metal and by so much enhances its rela tive value. Every year, as the commerce of the world increases, the value nf gold augments. Tlio dollar is over becoming larger and larger. Tho rich find it greatly to their advantage, but it bears heavily on tho industrial claos. Enterprise requires that men should borrow. No one c m engage actively in any business by which employment is given toothers and the community ben efited without being a borrower. Every successful man has at one time been largely in debt. Tho gold standard dis criminates against this useful class— tho active, enterprising, producing class —tho backbone of tho nation, it does this because, in addition to the interest paid, under an apprt elating standard the debt is ever growing larger. An ad vantage is thus by law placed in tho hands of tho money lenders and tho great financiers, to tho detriment of all other classes. Under this advantage th* rich grow richer with wonderful rapidity and the active, producing classes, of course, havo to stand tho bun In. It was under tho operation of the gold standard in England that the class of small farmers was entirely wiped out and the lands camo into the p .--session of a class of wealthy capitalist holders, the former owners becoming mere tenants on the lands they once were the proprietors of. In tho same way pe -pie in this country will increasingly becoino tenants and so depart tho farther from the ideal condi tion of a republic. With a stable money standard, or, if it must vary at all, a depreciating rath er than appreciating 01 h . this advantage to wealth ceases to exist, and tho nim ty and nine av< rage citizens prosper far moro in theuggu gate than the one does under the present system. Tho true interests of tho republic de mand not that wealth bo equalized, but that all be giv< it a more equal chance. This the repeal of the act of 1878 and the re-enactment of tho coinage laws as they existed prior to that year will very greatly accomplish. To illustrate tho operation of the ap preciating standard and tho advantage it works to the money lender, suppose ten years ago two men to own 8-100 apiece. Tho ono lends bis money, tho other invests in property. The latter buys a house and let for £I,OOO, pays down tho SSOO hi owns and borrows the remainder from his friend upon a mort gage on his property. Tho money stand ard doubles and the £SOO debt becomes as large as £I,OOO was at tho time the loan was made. Win n it falls due, it takes tho en tiro property to pay the debt. The money lender then has everything, the borrower nothing. This is an ex perience which every day some one suf fers. Every mortgago today lvquin s tho entire property to satisfy it, because the debt lias doubled, not in tho number of the dollars, but in the relative value of each dollar. If tho money standard would r main stationary where it is, it would not be so bad, but w< have no guarantee what ever that it will not again double, and nothing will tend so much to give it an other upward boost as the success of the gold tickc t at the polls next month. We cannot see how it is po -ible for gold not to further appreciate if its ad vocates triumph. If it does, it is inevi table that the hard tinn s will be pro longed and intensified, failures in busi ness will multiply, labor will increas ingly bo left unemployed, great poverty will ensue, and when men grow desper ate from hunger riot and disorder will threaten the peace of the country. Meanwhile the syndicate which is putting up millions to carry its purposes in the present campaign will bo recoup ing itself from tho people's treasury with profits adequate to the risks it has taken. Can any good citizen so disregard the true interests of the republic as to cast his vote for the perpc tnation of tho gold standard ?—Detroit Tribune. Oar Institution!* Threatened. Mr. Hiimui would not only destroy our agricultural intercuts, upon which so much of thu welfare of our cities and towns depends, hut ho would disfran chise the American voter. —Exchange. !!!!' i: - ' - Capitalist (between sobs of emotion): "We're tho host of friends, ain't we?" Worker: "Yes—for about three months out of every four years. The rest of tho time you aro putting ou tho screw." —National Bimetallism M'KINLEY AN "ANARCHIST." And a "Repudiatfer" and a "Degenerate." HIS VIEW OF FREE SILVER Always In Favor of It, He Said In a Letter. Every man has u right to change his j mind, hut when he makes it turn a ' complete somersault and at tho behest of the motley power, even for the sake of the nomination for president, it is a si rious reflection upon his integrity and honesty. Or is he, in tho language of our frenzied political opponents, a "do- : generate" and a "mattoid." Hero is a letter that has risen like Bunquo's ghost to worry tho Canton candidate. It was written by Major MeKinley to E. iS. Perkins of Weymouth, Medina conn- . ty, in the fall of lk'JO. Mr. Perkins was at that time a rep resentative in the Ohio legislature, flu had written to Major MeKinley regard ing his position on the silver question. The major's letter in reply was as fol lows: COMMITTER ON WAYS AND MEANS, | tinl -I: OE lIKI'ItEEEN'I'ATIVI.A, r WASHINGTON, SI ]IT. 27, IHTKJ. I llun. E. S. Perkins, Weymouth, O.: DEAR FIR— I have been so busy fur the past three weeks that it lias been impossible for me to give any attention to the matter in tho dis trict, which liict, I believe, my friends will appreciate. I have been waiting for a moment's time that I might answer two or three letters heretofore received from gentlemen in Medina county in relation to my position 011 the silver and other questions. 1 have always been in favor of the free and unlimited coinage of (lie silver product of the United States and have so voted on at least luo occasions during the time I have been in publie life. 1 was not willing to extend this coinage to the silver of lite world and open our mints to forcigu countries without charge, as proposed by gentlemen on the floor of the house. My pur pose was to secure immediately leg islation that would credit and dig nify our silver coin. J believe the law which we enact ed this session will accomplish that result. It utilizes every dollar's worth of the silver product of the United States and even more. The value of that legislation has already been apparent in the enhanced value given to silver. You may remember, as indicating my position on this subject, that i voted to pass the silver bill in the Forty-lift h and Forty-sixth con gresses over the veto of President Ilayes. J shall be very glad to write you at any time upon any subject you may wislt to be informed upon. With mo political and economic que.-tions ore it conviction, and while i may not always be right J am al ways willing to let those whose suf frage 1 seek know exactly where they are. Very truly, W I I,LI AM MCKIXLEY, Jit. The farmers of the country arc re ceiving; mid consequently spending $800,000,000 less per year than they were 15 years ago. Tills means at least a loss of 2,000,000 days' work per year to the American mechanics. Incompetent John. What license lias John Sherman to eiitiei.se anybody's financial plan, fiiiico he has admitted his own to be a fail ure?— Cedar Rapids Gazette. RATIO OF GOLD AND SILVER. Fixed by Coinage, Not by Bul lion Value. THE RECORD OF 400 YEARS. A Stable Ratio Maintained For Four Centuries Up to 1873. Auditor E. P. Baldwin of the treas ury has just completed a compilation < f statistics relating to the production of gold and silver since the discovery of America, together with the ratio of val ue for the period. His results, he thinks, are convincing enough to satisfy the most rabid gold standard advocate that tho value of silver during that time was fixed by the coinage value of the metal and not by the bullion or commercial value. Mr. Baldwin considers the pro duction of the two metals by periods, the first dealing with the years between 1498 and 1850, the second between 1850 and 1872, the last from 1875 to 1895. The value of this table iH derived from the carefully compiled statement of the ratio between the two metals during these periods. During tho first pr riod the ratio of production of gold to silver was 1 to 81.52. During the second period it was 1 to 5.89 and during the third period 1 to 17.08. The ratio of value, however, was never materially disturbed during tho years from 1493 to 1878. During the first period the ratio (if value between the two metals was comprised between 14. 14 and 10.25, tho latter being tho greatest divergence in value, although the ratio of production of gold to silver was 1 to 81 }£. During the second period tho ratio of value was even more stable, the highest being 15.70 and the lowest 15.27, al though the ratio of production of gold to silver had dropped to 1 to 6 practi cally. During the third period, howev er, which comprises the time since the passage of the act demonetizing silver, the ratio of production of gold to silver has been 1 to 17.08. During that time the lowest ratio of vuluewas 1 to 15.92, while the highest ratio, about two years ago, was 1 to 82.50. Mr. Baldwin says that this demonstrates clearly and in the most positive manner that the value of tho two metals is fixed by coinage and not by the bullion or commercial value. Ho points out that the small amount of silver used in the arts during such time as silver was coined free with gold eouhl not affect the value of the metal at all, and that when the coinage value was less than tho bullion value tho coinage supplied the arts with such small measure of the metal us was need ed, and even when the bullion value of silver fell below tho established ratio the fact that it could be coined into full legal value maintained the parity. During the 400 years under consid eration tho production of gold amount ed to 424,900,202 fine ounces, u coining value of $8,788,409,400. The produc tion of silver duriug tho same time was 8,011,122,085 fine ounces ufc a value of $10,857,812,100. The ratio of the pro duction of gold to silver during this time was 18.18. It, is shown that during the widest variation in the ratio of production of tho two metals a stable ratio of value was maintained because both metals were admitted to free coinage, but this ratio of value was de stroyed us soon as silver was deprived of the privilege of free coinage, with a constantly increas ing divergence in the value of the two metals since 1878. At one time the ra tio of production of gold to silver drop ped to 1 to C, while at another time it rose to 1 to 81 }£, but at no time be tween 1498 and 1878 did the ratio of the value of silver to gold rise to 17 to 1 or drop to 14 to 1. Since the demone tization of silver, however, the ratio has altered nntil it is now nearly 82 to 1, this change having occurred in the last 15 years. Wall street and the money power are with the Republican ticket ton man. This being t he ease, there should he no question as to where the com j mon people will be louud Nov. 3. BRIEF ITEMS. Rev. Loos, of Ila/loton, will preach : I tomorrow evening in St. Paul's P. M. ' church. Pern street. Frank Fuirchild has his right arm severlv injured in Schwa bo's breaker at 1 at South Heborton on Monday. R. & (J. corsets are sold at Oswald's. J The initiating team of the Hazlcton lodge of Odd Fellows';will visit their . Freeland brethren tomorrow evening. The Republicans of this vicinity will ! hold their second rally of the campaign ! at Valines' opera house tomorrow even- j No place like the Wear Well for shoes, j Andrew .F. Ivcenan and Miss Maggie | Gallagher, of Walnut street, will be 1 I married at St. Ann's church this after- j i noon. Hugh Hoy In has resigned as driver of the United States Express Company's I wagon. He is succeeded by Edward , j O'Donnell. Neat footwear for ladies is sold verv ■ | cheap at the Wear Well. Charles Forschner, aged oint of the kite. 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