The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1891-01-01
PRINCETON, MILE THURSDAY JAN 1891

W. SAS%O ILL JO1 OellCc W -Cllc COuu-
try to allow it to fail because his
chief is jealous of him and his pop
1 y in every part of the United
States. He has reached that point
where he can thrust aside all these
annoyances and go steadily for
ward, knowing that time will dem
onstrate that his course is the right
one, and that when the entire
scheme is put into operation the
benefits to this country will be,a
greater monument than can ever
be raised in the esteem Of the
American people to Harrison's adj
mlnlstratiOn.
Those people who clamored for
repeal of the tariff bill immediately
al: after election will be disappointed.
There will be no repeal of the tariff
bill or any part of it at this session
OF congress, and perhaps it is Just
as well, now that the worst effects
have been felt, and that the party
has received all the injury it can,
while prices have begun to 90 down
to something like what they should
be, that the bill should stand as it
is until time has demonstrated it's
greatest effects, which can be rem
edied in the future. There was a
vast deal Of misrepresentation of
the Mckinley. bill, and probably
yet dealers are taking advantage of
that law to extort few cents on
each article from their customers.
The greatest fault of the Mckinley
bill was that it. gave dishonest
tradesmen an opportunity to
squeeze people,, who could not
know whether the higher prices
charged were directly attributable
to the new law or not. There will
be no tariff Legislation at this short
session Of congress.
4 And there may not be any silver
legislation. Everybody has some
kind Of a scheme to regulate the
monetary affairs of the country.
About twice a year there has been
stringency, so-called, of the
money market, a lot of bank fail
ures and business failures Of diff
ferent kinds, and if the truth were
known it is more than likely that
this could be traced to the
speculative mania that pervades
the large money centers of the
country. 1t is of course unfortu-
nate that poor people who have de-
posted money in the banks are
generally the losers, but somehow
1t always seems to turn out that
way. The men who can least afford
to lose money are the ones that lose
it in all the financial troubles that
exist. Everybody has a scheme to
increase the circulating medium of
the country to $50 per capita. It
would be a good scheme while
making this increase to have this
extra money which it is proposed
to issue in greenbacks delivered di-
rectly to each person. The circu-
lation is sometiong over $50 per
capita at the present time. Now,
if the congress of the United States
will pass a law giving each person
500 it will be the surest way of
getting the money into actual cir
culation. If the money of the
country is increased, as it is pro-
posed by this bill, to $50 per per-
son, it is quite probable that it
would have to. get out among the
people through the banks, and the
old problem will confront every
poor man, how he is to get his
share, and, coming back to first
principles, he will have to work
and earn it, the laboring man by
the days work, and the farmer by
raising crops and selling them.
A. 3. O..