davidaulloa/AmericanStories huggingface dataset:
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21
holsTED ON HIS OWN PETAnn

| MI. Foster Can Now Repent In Leisure for
His Premeditated Deception.
! Hon. Charles Foster, ex-secretary Of
the treasury under the Harrison admin
istration, has gone to the wall, finan-
cially, with liabilities amounting to
about 5000, 1000. We sympathize with
him, as every person should, in his mis-
fortune, but our sympathy would DO
greater if he had not used his official
position as secretary of the United
States treasury for four years to manu-
facture, or permit to be manufactured
under his direction, false statements
every month regarding the amount Of
money in circulation He even went so
far as to publish an official document
containing false statistics setting forth
that the amount of money in circula-
ton had increased year by year from
1865 down to 1890. There can be no ex-
cuse offered for that dastardly piece Of
work, for it was done with the express
and wicked purpose of deceiving tho
people
Now, that he is down, as result par
TALLY of his own infamous financial
policy, we feel natural inclination to
throw the mantle of charity about him
and try to excuse him, but a regard for
the truth and for others who may be
made the innocent victims of the same
policy should prompt record of all the
facts.
His currency statements were pub
lished expressly for campaign docu-
ments in the interest of his party.
They were false, absolutely false from
beginning to end and were proven such
by nearly all the best men of his party,
and yet he was quoted by politicians
as if they were reading from holy writ;
and the falsehoods would be clinched
with the statement that they were
taken from the public documents of
this great nation. He was held up as a
great man and great fnancier and
the farmers with mortgages on their
farms who were presumptuous enough
to question his statements were re-
minded that they should learn to con-
duct their own affairs success
fully before trying to manage tho
finances of the government. And vet
there is not one of those farmers to-day
who is so poor financially as Charles
Foster
When a Kansas farmer fails certain
class of men are ready to say, Good
enough for him, he'd no business to go
in debt. He has been trying to live too
high-he's too extravaganza. There is
plenty of money if he's got anything to
sell. If he had lived within his means
he would have come out all right. No
business to go in debt" But no farmer
will be mean enough to say this of Mr..
Foster. They will sympathize with
him though it is plain to be seen that
he is caught in a trap which he helped
to set for others. He has pulled his
own house down on him and is now un-
able to extricate himself.-Clay Center
(Kan.) Dispatch.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21
An Honest Confession.


A Los Angeles paper approvingly
quotes the estimate that there is $685.
600, 900 of gold in the United States, of
which $51s, OOO,O 900 is in circulation.
Such quantity is only mythical. At
the date of reports made early in last
March the national banks in the four
teen reserve cities held total of s113,-
600, 900, and it is probable that not more
than $50, 600, 900 OF this was in actual
gold, the rest being in the shape Of
certificates issued against gold held in
the national treasury and otherwise
counted as as part of the available sup
ply Allowing for the 10000, 900 I'M
derstood to be held by the state
banks in New York and estimating lib
orally for what is held by other banks
throughout the country, in safe de-
positories and private boards, it is diff
cult to see how there can be total of
more than $3.50, 0QO, 900 outside of what
is held by the government If we sup
pose this estimate to be too small by as
much as IS per cent. the necessary con-
illusion is that the aggregate of public
and private holdings, in the national
treasury as well as outside Of il, does
not exceed s400, O00, 900 or barely two
thirds of the amount claimed. Chicago
Tribune.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21
Failures.


The severity of the credit contracting
forces at the present time is clearly
shown in the record of mercantile fail
ures. R. G. Dun & Co. report tho
number of business failures for week
ended May %, at 261, against 156 for
the same week last year. The charac-
ter of the failures shows a decided
change as to liability and capital
Heretofore about 50 per cent of these
suspended enterprises were such as en-
ployed not more than $1,000 capital
But this average last week fell to 70
per cent. and Al failures are reported
with an excess of $780, capital. The
business failures for the week ended
May ~, numbered 273, as compared
with 1913 for the corresponding
week OF last year. For the week end
ed June 8, the failures numbered 238
In the United States, against IT'S last
year, and 81 In Canada, against 80 last
year. But two of the United States
failures were for more thon $1,000, 900
each, four others were of firms rated at
over 100000 each and forty others
OF firms rated at over SIS, 900 each.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21
A VERY BAD CONSPIRACY.

The Administration and the Money Power
Leagued Together Against the People.
If ever conspiracy existed in any
country it certainly exists in this, hav-
ing for it's object the complete over
throw of the bulwark of liberty and es-
tablishing a complete despotism of cap
ital over everything else. For years we
have had this kind of business going on
gradually. During this time the people
have become more and more impOver-
ished, until to-day it is almost impossi-
BILE to do business with any safety
whatever. Our people are becoming so
impoverished that not one in ten is
responsible as far as property is con-
cerned. What few have property left to
do business with are afraid of everv
man they meet, if he wants credit for
one dollar. We were promised, when
the administration changed hands, that
a different policy would be pursued
and that great relief would be had by
the people. For three months the new
men have been in charge; Mr.. Cleve-
land instructs his secretary of the treas
ury to carry the same old policy, make
everything bow it's head to the golden
idol Though the failures are worse
and the outlook resembles a panic
more than it has for years, yet the ad-
ministration looks on calmly and pur-
sues a policy that can result in moth
ing but commercial death to every
thing that has not millions of capital
to float its business on. The president
sees this; there can be no mistake
about it; he knows just what the. re-
suit must soon be, yet he consults or
sees no interest, except the moneyed
capital of the world. The course he is
taking will admit of no other construc-
ton than that he and his advisers are
engaged in conspiracy to completely
subvert the whole fabric on which we
stand. We are sorry to have to say
such about our rulers, but when we
have heard them condemn the present
policy for years, and now when they
could do something that would be of
general benefit to the people, they 20
over to the enemy, nothing is left for
any one to think, but that they are
joined in with the capitalistic class Of
Europe and America to bring about
the complete prostration of everything
that stands in their way. The people
elected the president but he joins a
band of conspirators that are sending
them swiftly to ruin.-Lamar (Mo.) In
dustrial Union.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21

could at any time, by any possibility,
be worth any less than a dollar for
every such certain and fixed quantity.
The economic law governing the case
Is this: When any metal is accorded
the privilege of unlimited and unre-
stricted coinage, the total product Of
such metal will take to itself its coin
age value and none of it can be obtained
for use in the arts for less than the
monetary value given to it by coinage
laws, the commercial value being
merged into the monetary value.
That is exactly the position occupied
by gold to-day, and it is just the posi-
ton occupied by silver up to the time
the crime OF 1872 was perpetrated.
And with this value, thus artificially
and arbitrarily impaired by fat of law,
they proceed to measure the value of
all other commodities.
The consequence is that, with rap
idly increasing population and con-
stantly decreasing output of gold, the
gold unit. or dollar, steadily increases
in purchasing power, which causes the
phenomena popularity known as fall
ing prices The reason is plain. The
true money standard is quantitive and
not of value. The per capita volume of
money of final redemption" constantly
gets smaller as the output of gold falls
behind in it's effort to keep pace with
the increase in population
The law governing the case is this:
An increase in the per capita volume of
money, units of value,' or money of
final redemption, (the volume of ex-
changeable products remaining the
same) decreases the purchasing power
OF each unit; decrease in such per
capita volume of units of value in
creases the purchasing power of each
unit.
We shall never be able to arrive at
just and honest dollars WORTH until
we either discard entirely the expens-
i've luxury of metallism and inaugurate
a rational and scientific money system
under which all money shall be abso-
Lutte and fat, and simply represent the
ideal, imaginary unit of account, with
it's several fractions and multiples,
which is susceptible of indefinite dupli-
cations and multiplications; or else
throw overheard the pernicious falla-
cies of specie basis" and ''specie re-
demption, and supplement our metallic
money with sufficient volume of full
legal tender, absolute paper money,
which shall be, not a promise to pay
metal, but a promise to recesoe for all
debts and dues, public and private.
Pull together, boys
GEORGE C. WARD.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21
KEEP ON DEMANDING.

Do Not Stop at Demands, But Vote for
What You Want.
It is reported from Washington CITY
that President Cleveland has been read
ing the debates in the English parlia-
lament and been convinced of the
justice of the income tax. The presi-
dent could have read just as convincing
an argument made by the labor organ
izations of the United States if he had
tried very hard, for the farmers and
other labor organizations have seen as
clearly for some time as the bosses see
now, the justice of tax on incomes
The people of this country do not care
what party grants the desired relief, so
they get it. The persistent demands
of the masses will be heard, even
though the, leaders of the peo-
pie ignore them, till convinced
by politicians of other countries
The farmers, though ridiculed at
first, continued to thunder into the ears
of congress the demand for representa-
ton in the cabinet, for the election of
senators by the people, and many other
reforms Their dreams are gradually
being realized.
The politicians are slow to admit that
the people are intelligent enough to
suggest any ''way out" just as the
president has heard the convincing
logic of English politicians concerning
the income tax, but was deaf to the
same arguments of the common peo-
pie" of the United States, so has it been
the practice of our statesmen to ignore
the combined wisdom of the people and
sit at the feet of few Wall street
bankers who were supposed to be the
embodiment of wisdom on the question
of finances. But the people will ulti-
mately triumph in that particular Also
There is a firm determination on the
part of the masses to adjust the finan-
cial affairs of the nation; to increase
the amount of circulating medium; to
remonetize silver; to take the sovereign
power of issuing money out of the
hands of corpora tions and give it to the
government where it belongs; to break
the backbone of the money ring which
now controls the products of labor by
controlling the volume of money-these
are some of the things which the peo-
pie are forcing, and they will not rest
till their plans are consummated All
that is necessary is for them to con-
tinue to agitate. demand and vote for
what they want, and they will get it.
Journal Of Agriculture.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21

each dollars worth Of subsidiary coin
2415 grains and reducing its export
value nearly six per cent. The result
of this legislation was to retain our
small change at home, while our dol
lars were exported as rapidly as they
could be coined.
The foul trick which the base finan-
ciers of England, through their baser
agent, John Sherman, played on the
unsuspecting people of America in 1878,
reduced the value of silver from $1.0o
per ounce to about 81 cents at the pres
ent time. Don't think for a moment
that the value of silver has fallen in
England. Silver there, previous to the
crime OF. 1878, was worth 81. 81 per ounce
to coin into India rupees with which to
buy Indian wheat. It is worth the
same to-day. It will buy the same
quantity of Indian wheat. The result
of demonetizing silver here has reduced
the price of silver bullion SO per cent.
That enables those English frauds to
buy Indian wheat for 80 cents bushel
less than they could if we had unlim-
tied coinage and thus deprives Amer
lean wheat growers of foreign market
atremuDerative prices. S. Clark,
in Pennsylvania Farmer
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21
PAY OUT THE SILVER,

The Way to Preserve the Parity of the
Metals Is to Treat Them just Alike.
The New York Tribune, in an edito-
rial discussing the financial situation,
says: 'the latest declaration of promi-
nent democrats in congress, give no in
dication that they are yielding in the
least their desire for free silver COIN
age"
Why should they?. The democrats
in congress-, with the exception of
few under Wall street influences, rep
resent the masses, and the masses are
for genuine, not sham bimetallism.
They believe in the money of the con-
stitution, silver and gold, the two
metals having equal rights in the
minis, at the treasury and before the
law. They do not want to be Knocked
with a pretense Of equality that puts
silver into the vaults as merchandise
and treats gold alone as money
Wall street is clamorous for the issue
OF more bonds that the public debt may
be increased and profit be made by deal
ing in these evidences of debt. 1t has
made raids on the treasury to reduce
the stock of gold held as reserve Sc
curity for treasury obligations and
when this has been achieved it endeav-
ors to brighten the government into the
issue of bonds to ''save the credit of the
country" The administration Will be
untrue to itself, to the party to which
it belongs and to the millions who
placed it in power if it yields to tho
conspiracy.
There is no obligations to pay any Of
the Indebtedness of the country-ex-
cept the gold certifcates-in gold
alone. Bonds and notes are payable in
coin and the coin of the United States
is the standard dollar of gold and tho
standard dollar of silver. Every note
issued under the Sherman act of 1890 is
expressly stipulated to be paid in gold
or silver coin at the discretion of tho
secretary of the treasury. Every
'legal-tender" note is redeemable in
coin of either silver or gold, although
neither metal is named in the notes
nor in the law authorizing their issue.
The treasury should be prepared to de-
feat the Wall street conspiracy by coin
ing the silver bullion in the treasury
vaults into standard dollars and paw
ing out ''coin" of both metals.-Cleve-
land Plain Dealer.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21
WATCH THE GREENBACK.

The Plutocracy Is Paving the Wav for n,
Excuse to Call Them in and Retire
Them.
Wall street and the administration
are determined to demonetize silver,
and to quiet the west and south, which
demand more money, propose state
bank issues in lieu thereof This would
place the country on gold basis Gold
would be money of settlement-it
would be the tender stipulated in all
contracts-and in this coin would all
debts be liquidated. The state bank
notes cannot be made legal tender
by the power of issue hence would not
be the money of account on settlement
day. Inability to obtain gold with
which to liquidate Indebtedness, would
force property settlement sher-
ifs hammer would convey to Shylock
his pound of flesh. But, you say, the
greenbacks, what of them? They are
legal tenders, it is true. But stop. In
the early hour, soon after the wildcat
note springs into existence, it will be
said by the subsidized press that we
are finally landed on terra frma, the
country. has an abundance of money,
times are good, every body is prosper
GUS, and that, well, in word, we do
not need the greenback. Hold. Don't
get excited. The greenback must go.
The powers that be have so decided.
But how will they be removed? Easy
enough Listen:
The greenbacks are debt, non-inter-
est bearing, it is true. The subsidized
press will suddenly set up ''consisten-
Cyl howl. They will say, substan-
TALLY: "The government should liqui-
date it's Indebtedness as rapidly as pos
sible. The bonds are not yet due, but
the greenbacks can be RETIRED The
repeal of the prohibitory tax on state
bank issues means the establishment of
hundreds of these banks all over the
country, and these institutions will is
sue hundreds of millions of state bank
currency. This means the demonetiz-
alton of silver and the retirement of
the greenbacks.
Gold will then be the only legal
tender. AS was the case before the
war, about every ten years will come
the day of general settlement, when
property will change hands. In other
words, then will periodical financial re-
vulsions sweep over the land. When
the squall comes the mortgage will
double and treble his wealth, and the
debtor-he can go farther west.-Non-
confOrmist.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21

Too much money! That's what's
the matter with the country right now!
You see it takes money to pay debts
and as there is so much money that
people can't pay their debts they 'sbust
up in business. That's so plain any,
body ought to see it.-Clay Center Dis.
patch "
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21

Gold Is not money, but money can
be made out Of gold, by law only.-Ex-
change.
The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-21

1886 that there was not more than
81, 600, 900 of gold in this country, and
of that amount only a trifle was in ac-
tual circulation.
BY the act Of June 80, 1884, the gold
eagle was made to contain only 232
grains of gold or 1872 grains to the
dollar. This regulation fixed the ratio
of silver to gold at about 16 to 1, and
placed a premium on silver. That
ratio still exists, and silver would still
command premium but for the legis-
lation of 1873 and the subsequent
botch-work of hireling congressman.
By the act Of January 10, 1887, the
amount of alloy used in our dollars was
reduced from AN to AZ grains, thus
forming exactly one-tenth of our
standard silver. That reduced the
weight of our silver dollar from 416
grains to 4121S grains, but did not re-
duce at all the amount of pure silver
contained in the dollar.
Fixing the ratio Of silver to gold at
16 to I, while other countries adopted
the ratio at 15N to l, made our silver
dollar desirable to export. Compare
lively, we had now an abundance Of
gold, while our silver was rapidly
vanishing. We had nothing but silver
with which to make purchases less than
one dollar, and that subsidiary coin
left the country SO rapidly that an act
was approved February 81, 1853, reduc-
ing the amount of silver in a dollars
worth Of subsidiary coin from 412x
grains to Ss4 grains, thus taking from
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1893-08-12
EThe T,yprpladpS"

Ever since Ponce de Leon landed at
st. Augustine, in 1912, there has been a
fascinating mystery about Florida.
From time to time the proposition to
utilize the vast swamp has been under
consideration. No one knew much
about the interior, but it was thought
that big ditch, cut through from the
Gulf of Mexico to the Atlantic. would
so far drain it as to oIe up country
rich in resources of some kind or other
Many dream. hardly less visionary
than Icons elixir of life. has foated
before the public mind Not long ago
an English company of immense cap
tai was organized to put canal through
and drain the surrounding land, and
great expectations have been INDUCED.
1t would seem that the glades are
practically worthless An exploring
party boldly traversed from Lake Okee-
chobee to Cape Sable, on the extreme
south, and found it so thicklv studded
with lakes and so denselv numbered
with tropical plants, alligators, and the
land, Sahara and Patagonia. among the
waste places of the earth Not even
the Indian finds rest for his fving feet
IN that paradise of reptiles There NAV
be reclaimable land north of that lake
TO reward enterprise, but the everglades
proper must be given over forever 10
the alligator, with his innumerable kith
and kin, except that a narrow strip of
the coast is tillable Chicago Inter
Ocean,
The Superior times. [volume] (Superior, Wis.) 1870-1912, 1893-08-12

thai hat he suspected was true that
Andrew was suffering from complete
nervous prostration, misunderstood by
Dr. Shafhaus. who had allowed his
strength TO run down very low, by
keeping him on an invalid diet.
1t seemed Very hard to take away
this English Milford, this layer of golden
eggs. from the little old doctor; but he
acknowledged, when pressed. that
there was no real need to delay going
homeward u short stages. Dita could
scarcely believe the good tidings.
Next day came letter from Lady
Norton. from Fontainebleau: she had
gone there with Miss Grey, and wrote
a most allulin9 account Of the delight
full rooms they had engaged on the
grOund-hoor, opening ON TO ii pretty
garden. They had had one drive in
the forest, which was enchanting. IF
YOU have found Mr.. Lovel and Dita,
wrote Lady Norton. do persuade the m
to come here and stay with lis for a
week or two. | will take great care of
Mr.. Lowell, and we will try amongst us
to make them happy"
Edward read this part of the letter 10
Dita. She was very much tempted by
the idea. Andrew had a great dread OF
returning home. and she lOnged for
him to be strong before he should
have 10 pass through that ordeal. He
also caught at the idea: so they moved
to Sens. and from thence an hour s
journey took them to FOntainebleau.
Lady Norton had engaged rooms as
pleasant as her own for their reception.
and she was there waiting. with an, En-
glish tea spread out: and she welcomed
Dita with warm. motherly kiss. and
petted her. and looked after her with
the greatest care.
After they had been settled there
for about three days. Edward Norton
came into their sitting room.
Il have come to say good-by Miss
! Lowell"
"Good-by." she faltered.
Yes, am off to London: | did not
tell you before. | am going to my
chambers | have my fortune to
make He tried to speak lightly.
Their hands met in one short grasp.
Dita could not Peak. bat she raised
her eyes and saw that his were looking
down on her full of tears.
He was gone. and Dita sat down.
feeling as If she were alone in the
whole wide world.
TO BE CONTINUED.