Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1886-01-14

facts quote the language OF the report, as
follows:
Year ending June 30.
Articles 1870. 1885.
Indian corn. per bushei s0a.5 SO54O
Whtstt, per bushel ,....-...i.4 I2S.9 S6s2
Wheat flour, per barrel. .s....... Gill; 4.S9.7
Cotton, per pound. ............... 2).5 1915
Leather, per pound. ............. - 1913
Mineral oils, reiined, per gallon. :si,5 0s.7
Bacon, hams, per pound, ..,.,.... llI U9.7
Lard, per pound ............... 1876 UI.1
Pork, salted, per sound........... 3D. O6.3
Beef, sailed, per pound. ......... DI.3 07.5
Butter, per pound ...... pa I6s
Cheese, per pound ~. =. ....... 15.5 Oa3
Eggs, per Dozen. $3.50. .......... 1913 2l.5
Starch, per pound ............... 0S2 GAO
Sugar, refined, per pound. ~. l2.6 06.4
Tobncco, leaf, per ponnd.-....... Ills O9.g
In the f;ce ri tnese official facts and
figures as to Oaf ira T., AMI exports and i'm
pOris of gold and silver, and the compare
tive purchasing power of the silver dollar
now and in 1910, | repeat: Why should ii
be striek II down, or its purchasing power
further nlcrs asel 20 per cent, by adding A,
50, or any other numoer Of Z aims to its
weight? In other words wny sh nlli every
producer and debtor nave to give 20 per
cent more of the products OF his labor tn OBJ
tam either new silver dollar or god coin
with which to pay II debts than he does
now, when lie Is already paying hi obliga-
tons according to the terms OF contract
in coin which Wi procure for its owner
Nhutn biuit VI All lit ittuS lidIt ~ NDliu III
l610? IL is Onl, another phase of the con-
slant struggle OF the rich to grind the face
of the poor, and or the favored few to enrich
themselves BY class legislation.
GOLD AT 4 PREMIUM.
While no one can deny that every obliga-
ton of the United States and every con-
tract within our riders can be discharged
honorably with the present silver dollar we
are told that or foreign Obligations and re-
lations are such that gold Will be at a
premium very soon, and we VIII be on a
basis of degraded silver at once five do not
increase the weight or stop the coinage of
silver; that all Europe is Mortified at our
stupidity or dishonesty, or both. Even Eli
gland, whose gold is said to be used SO free
ly 10 buy Senators and Representatives to
vote for revenue tariffs against protection
to monopolies called American industry, Is
held up now BY tie gold monomptallsts as
an example worthy of ell imitation; her
financial policy is landed as the perfection
OF human wisdom. Fortunately the official
reports overthrow all the reckless assertions
OF the gold worshippers. The register OF
the treasury (see report for this wear.
page 81 shows that ont of Sl.t71. 800, p 2
registered bonds of thu United States 0ut-
standing only 81 .g279). or little over
one-tenth of per cent, is held abroad, and
Of those which can be paid before 1892 for
eigners hold only S34, 10, which is less than
the interest on the money now lying idle in
the treasury for one day at 3 per cent per
annum.
These facts. coupled with the fact that
Our exports of goods exceeded our imports
SlD000,O0o thi, year and our imnoEs of
goods exceeded our gold exports SIS, 2f3, SJ4,
an amount greatly exceeding all our bonds
held abroad, settle the question. The tasty
of the clanof about foreign complications
or gold premiums is made too apparent for
any sensible man to b. deceived by it.
The press is flied With articles day by
day which seek IN make people believe that
all other nations have ceased to coin silver.
and that we alone are stitbbornly persisiing
in forcing it upon this country after it has
been abandoned everywhere else.
propose to dispr0vc these allegations by
oflieially-stated facts. The director If the
mint IN his last report shows (pages 1871,
1872 that for tie year 1881 the worlds pro-
duction of gold WAS )! ), 2S2, $40; of silver,
Sl15, Ia ,S5S; and that 800, 459, 24o of gold
was coined, while the coinage OF silver last
year amounted IL S95, 039 4i3, of which the
United States coined S23.99l, 7a6 of gold and
S2S, "a ,S66 Of silver. . her nations, there
fore, coined in 1884 Sf1, 504.577 of silver,
showing that we are far from being alone
i'll the coinage of that metal. England
coined S3.294. S24 of silver last year and So
201. ST. the year before to add to her stock,
which has been accommodating for genera
tons; while she has coined silver for India
IN the last three years to the value of $685.
23i 600.
FoREIGS SILVER COIN.
The workers for wages i'll England to-day
get their pay in silver coin, and the question
is never mo0ted by them as to the compare
tive bullion value of the silver and gold
coin of that country. Even Germany, not
withstanding she pretended to have de-
monetized silver twelve years ago, coined
in 1852 sc, 407, 157 of it to add to her vast
stock on hand; her laborers are paid In it
now. No comulaint is made anywhere
here or in Europe, about silver coin, except
by the holders of our bonds, who seek to in
crease largely the purchasing power of gold.
or, which is the same thing, reduce the value
of all our property from % to 80 per cent be-
low its present value when tested by the
single standard OF gold, which they claim
shall b. paid by us to them, and ~ them
alone. They do not seek to establish the
single gold standard, they say; they are BIZ
metallists. They agree that Silver is legal
tender for all debts and obligations of the
Government except those held by them. 1t
is good enough to pay the iaborer the SOL
dier, the saiior--in Siort, all who work for
the United States-bGt they insist that it is
dishonest in us to pay ii 70 them although
their bonds and obligations all show Oh their
face that 1t Is legal tender III payment of
them all so long as il is coined OF the stand
ard value fixed by law July IA, 1870, as it is
now and always has been.
coined by most OF the other leading nations,
Franceinciui,al, theirs bearing til relation
of l5ls to one with 20 q, white ours is l6 IL
l. l need not repeat i'll detail What the ofl
cial reports show in regard to th,, gold, sill
yer and paper currency OF the sew raj coun-
tries. Il is sufficient "a prove BY them that
While the q tfArrilee lli IA mtravt ~ ue of
gold aud silver in Lond II opSrlaes 10 d.
grade Their silver COIN more fhan ii does
ours, FRINGE ami other couniri nNiniaiii
their silver AMI pa DER in I'LL tfAil+ac ioiis,
public aud pf.yaIe, at par with goid under
far greater ditii 1T ties Than we hay, con
tend with, no matter fl IA what stan point
: the comparison IS NJ tdc.
DUTY IF THE SECRETARY OF THE TREAS
CRY.
No $ cretuy of iho treasury cal III stake
his duty alder tie law: no public creditor
can complain whel The ia or1sI on his
bond is pal tin the coin which set apart
as a speci;l fund, firsg #. tire pawn ut oil
the interes; dac To hin. Yet millions, hun
dredS of nh ioS. haze. Jisi'ii iald for duties
Oh impor cd goods since 1913 i'll silver con
and silver certificates, which Is only CON
yenient form OF handling silver, as the cot,
they represent is ours when the certificates
are paid TO us: yet not one dollar ST. AZ as
am advised, has ever been paid III silver as
interest on the pubic debtor in the purchase
OF single bond for the siuking fund.
though IL has been recognized as coin
which cpnsti uted the special fund created
by law by its acceptance in payment of
duties on imported goois. Ths public
creditors have unius ly demanded gold for
the interest on their b inds without any
Sembiance of right. and every secretary of
the treasury has tiisregar ed the law and ac-
coded to their demands, Our officials have
thus aided and allotted the organization of
the most powerful body OF CAPT alists in the
United States against 81 yer conage-lnen
who control the currency OF the country,
and hold the obligations of all its business
concerns: men who can iifilie or contract
the circulating medium on which all our
commercial transactions descend: men who
hold S73i, ~ $50 OF bonds of the United
States matiIring IN 1901 on which they HOW
demand premium of "a per cent, and seek
by striking down silver, sill further to in
crease their premiums.
They hold also S2S, 0oe ,00l of Our bon :.
payable in 1892, which they seek to cnhH.,.
the value Of even beyond the II per GEM
premium they now command. These men
control boards of trade, clltmbers of COM
merce, and the best talent ut the press; they
can crush all who are III t.eht If they dare
10 dissent from or object to the demands
they make; the reports of their conventions
ana speeches are laid before us with a
parade and semblance Of authority equal to
the report of the secretary Of the treasury or
the message of the President
| snail not be surprised if they dominate
this Congress, but it will be after have en-
tered my protest against it and have given
70 the country my reasons for so protest
ing.
II the managers of the finances of France
had treated her silver coinage as orr officials
have onrs. she would have been FRUSTRATED
financially, at the feet of England ana Ger
many long ago
Why have the holders of the dishonored
trade-dollar been importuning Congress for
years to give them in exchange for it a
standard dollar containing 4l2J5 grains,