davidaulloa/AmericanStories huggingface dataset:
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
Free Coinage Dissected.

The Sound Currency Committee OF
The Reform Club has just issued q
short pamphlet entitled "Free Coin
sge Dissected." It puts the case
against free coinage in the clearest
possible light, and the language is SO
simple and the sentences SO short that
no ordinary mechanic or farmer need
have any difficulty in understanding
The discussion. Ext Congressman John
Dewitt Warner, the author OF the
pamphlet, dissects, in turn, each OF
the principal claims of the free COIN
age advocates.
Many excellent answers to "Coln's
Financial School, have been written
but, heretofore, there has been no
frst-class pamphlet to put into the
hands Of the millions who have not
read "Coin's Financial School," but
who are interested in the currency
discussion. They will be glad TO get
in this condensed form, not only the
principal objections to "Ooin's' DOOR,
but to the whole scheme of free coln'
age at 16 to l.. The pamphlet 49, II
TACT, primer of sound currency.
The pamphlet is well adapted iol
general distribution, and merits VIDE
circulation by the friends OF honest
money in all sections of the country,
It is No. 16 of Sound Currency, ano
can be obtained by sending five cent
% the Reform Club. 50 William street.
New York City.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
WHAT MAKES INTEREST HIGH.

The readers OF this do not need 70
have it explained that business actlv-
ity depends in large measure upon .
low rate of interest, which is the most
conclusive proof Of plenty OF money
to be loaned. If can get capital at
4 per cent. year, I may build a fac-
tory and employ hands and carry on
an industry successfully and with
profit to myself, where il I had to pay
6 or per cent. for the money, OF
could not borrow it at all, I might be
unable to do SO, and the factory would
remain unbuilt and the labor unem-
ployed. How are we to have interess
cheap and money abundant9 Capital
lists are no worse than other men. Bus
they are no better. They are just like
yourselves. What would you dot
Suppose there were lot of men who
advocated the passage OF law thas'
after you had loaned out money on
gold value, would force you to acceps
silver values in return-would you be
in a hurry to lend money! Would
YOU not rather keep it locked up in
| trust company or else loan it only ~
high interest and for short termsY
And then, if this agitation stopped
and every one became satisfied thas
there would be no interference with
the standard OF values, and that capi-
tai when loaned out would be safe and
would he repaid in money as good a.
loaned, would not you-would NOS
every capitalist-be prompt to otter TO
loan his funds at interest, however
low, rather than let them remain idlet
This country to-day affords an OBJ
iect lesson Of this. In those parts OF
the country where the people believe
that our currency is safe and that no
change in it's standard is likely TO
take place, plenty of money can DO
, had at A and per cent. while in those
. parts OF the country in which the peo-
ple are confident that free coinage
.. legislation will be had, and that loan
made for any long time ahead may %
repaid in deprecated silver, there u
scarcely place where you can borrow
, money on very long time at all, ex-
, cept on gold contracts, or even on
short time, at less rates than 3 or .
, per cent Free silver would not add
, a dollar to the real wealth OF the West
or South. But the apprehension OF IL
has kept from those sections OF the
country the millions upon millions o.
3 capital that, had they been invested
/ there, might have made such prosper
|. ity as the world has not seen since tne
0 sun shone upon Eden.-Hon. JONI
! Dewitt Warner, in Free Coinage Dis
8 sected.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
CREDITORS AND DEBTORS.

The advocates OF free silver seek to
create a class feeling in favor OF their
scheme by representing the country
as divided into two classes, large
number Of poor debtors and small
number Of rich creditors. They ap-
peal to the envy Of those who have
been unsuccessful in life by pretend
ing that the cause OF their failure is
the oppression of the borrower by the
lender, and nine-tenths of the free
coinage literature is devoted to in
vectives against the robber capitalist
who has enslaved the poor farmer and
workingman.
Like all other silverite arguments
this of the debtor against creditor has
no foundation in fact. In the first
place it has been repeatedly shown
that as rule the number Of creditors,
that is, men and women who have
money owing them by individuals,
banks, insurance companies, etc., is
much larger than that Of those in
debt. By far the greater part OF the
debts of this country is owed by 9
comparatively small number OF per
sons or corporations, who have Dor.
rowed in large amounts the united
savings OF millions. It is only among
the farmers that the number of debt.
ors appears to be larger than o
creditors, but this is more seeming
than real. A majority OF the farmer
Of the country are not in debt, ant
many of those who are have borrowed
money from other farmers. Thes
facts prove that law intended tt
benefit debtors at the expense o
creditors would injure far more PEG
pie than it would help.
Another reason for condemning tn
silverite attempt to set class agains
class is the falsity OF the claim thu
the creditors are responsible for tn
poverty OF the debtors. This ide
would not be worthy OF notice
were it not made the basis of the dc
mand for laws which would wipe GU
one-half Of the debts Of the country
To say that the strong, thrifty, capa
BILE and industrious have caused til
poverty OF those who were less capabl
or fortunate. is absurd. On the COZ
trary, if the assistance given by tn
; creditors capital was not OF create
benefit to the debtor than the interes
which he pays, borrowing would cease
There is no law to compel men to boz
row, SO the presumption is that th
debtor must be satisfied that it wi
pay him to 20 in debt. Neither d
rectly nor indirectly is the man WI
has saved little money to blame b
cause his neighbor finds it proftab
to borrow. The complaint again
creditors is founded on ignorance
the service performed by the men WI
save and lend capital.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
Teachers and Free Coinage.

Lawrenceville News: No class OF
people are more deeply interested in
the currency question than those en-
gagged in teaching in thepublic schools.
Their per diem is fixed by law and will
doubtless remain where it now IS IN
definitely, regardless Of any change
that may be made in the currency sys,,
tenn. AT present they are being paid
in sound money, consisting OF gold,
silver and treasury notes, each having
equal purchasing and debt,paying3
nnalities. The free and unlimited
coinage of silver would destroy one.
half OF the purchasing power OF the
meagre compensation they are now
receiving
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08

There may be few people in this
country who honestly believe the sill
verite charge, that the change in our
coinage laws by which the silver dol
lar was omitted from the list OF legal
tender coins, was brought about by
British influence. Of course the story
about the bribery Of Congress by the
English banker, Ernest Seyd, is stu
pid lie, yet it is repeated as q free
coinage argument. To all the at
tmpts to make it appear that
Great Britain is anxious to have other
countries adopt the gold standard,
there is one conclusive reply. For
over hundred years India, with more
than two hundred millions OF people,
has been governed by the British.
Yet the silver standard was established
and is still maintained in India by tne
British Government. Does that look
Is though the British gold bugs were
engaged in striking down the silver
money" of the world?
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08

Editors of free silver papers must
Iva q very poor opinion of the intel
n G,suce of the public. Instead Of Civ
s " facts and arguments to show that
~ vs. coinage would be . good thing
Nv The country, they content them
~ '.l,ss with child's fables about the
, ''shvlock,, gold conspirators," and
money. nc sharks. /" This may please
Nose whose minds are already made
~ in favor OF the fifty-cent dollar,
M " Il does not enlighten the men who
w. va honestly seeking for tho truth on
,be money question. That the silver
Standard advocates find no better argu'
meut than silly abuse of their oppo.
aents, may be safely taken as evidenct
Il the weakness Of their cause.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08

There are in this country about
twenty-five million adults. If the free
coinage scheme for putting the
money in the pockets OF the people"
was adopted, each man and woman
would have to carry round with them
twenty-five big silver dollars in order
that "the people" might have in their
possession all the money Of the coun-
try. OF course it would never do to
lei the wicked bankers have the prec
ious white metal disks on deposit, so
checks could not be used for large
purchases. The necessity for woman
carrying two or three pounds OF silver
on shopping expedition would be one
pleasing result of the cheap money ex'
pertinent. Merchants would build
special vaults for holding their re-
ceipts, and we would be back again t.
the primitive condition of barterinf
goods for metal.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
Lost EIoouence,

There is a very widespread belief
that even in the South free silver is
losing ground at this very moment; ;
that the tide has reached its highest
and the food is now receding. Nu-
merous newspapers that until recently
have been non-committal or lukewarm
in their support of silver have come
out for sound currency and an or
ranized and successful effortlis being
made to resist the efforts OF the IL tc
1 forces to turn over the solid South
to the bullionaires. This looks as II
Mr.. Bryau's undoubted eloquence had
been spent in vain. Tribune. Ere
mont, Neh
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
SMALL CHANGE.

a.. si1verites say that the only way
l sDa ant whether free coinage would
70 nuu the commercial value Of sill
lasl y n. 20 per ounce, is for the Uni
~ /, GATES ~ to try the experiment. Are
~ nsonIe wiling to run the risk Of
!Il's;ppu u bankruptcy, merely to sat
" s' The cheap money agitators that
Y, do do not make values? All sensi-
y w. men know that already and they
ps not MT going to upset our financial
~ yam am for the sake Of trying fool ex-
garments.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
Sights for a Statesman.

If Billy Bryan, of Nebrasks, thinks
the people Of the South are in danger
of suffering or starvation because the
coinage OF silver is not free, he oughs
to 90 out aud look at the crops IN any
Southern State be may happen to be
in. The great fields OF smiling ana
noddlng grain would make the BOY
orator ashamed of himself. Savannah
News.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
Don't Want Mexican Dollars.

Speaking of the proposed erganiza-
zion of a new secre. order in the IN
terests of free silver, the Chicago Trib-
une rep. says: "5trange and para
doxical as it may seem, initiation fees
and dues will have to he paid In sound
money. Mexican dollars, if rendered,
will not be taken on the basis OF the
16 to l ratio.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
How to Hasten Returning Prosperity

The Florida Citizen (Dem.) believes
that all signs point to the speedy tri.
umph of sound money, but still !.
urges the formation Of more SOUND
money clubs in the South, saying
They will spread right views an ',,
hasten the time when the delusion Will
disappear. It is particularly TT that
such efforts should be made in South
efn States. The surest way OF hasten
,.ng the return of complete prosperity
to dispose OF the free coinage Jolly.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08

412l grains Of silver determined.
During this time business would stag
nate on account Of the uncertainty as
to what was the real size Of the new
measure-the new standard OF value.
This trouble would more or less affect
business permanently, because the
commercial value Of silver bullion has
become uncertain; has ceased to be
stationary, on account OF the few
countries now using it as standard
money, on account Of the uncertainty
as to the volume OF its probable pro
duction.
Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1895-08-08
NO PRACTICAL BENEFITS.

No practical benefits can be pointed
out as consequence Of the legisla-
tion. It would interfere with our ex-
changes in foreign trade, and prove
burden upon the producers of our
great staples cotton, corn and other
grain. By hindering international
commerce it would burden the agri-
cultural products Of this country like
high protective tariff. Not only
would the men who work for salaries
be deprived, at least for while, OF
employment, but when enabled to re-
turn to work they would find the dol
lar paid to them as wages deprecated
in value as consequence OF change
OF standard. The only possible ben
eft would be from limited increase
| in the value OF silver bullion, which
would 20 into the pockets OF the great
silver mine owners-the men who are
really. backing all the agitation and
furnishing to it its sinews OF war.
The picture is not overdrawn. When
I contemplate it, there is but one
source of comfort-it is in an abiding
confidence that within twelve months
Of full, free discussion the American
people can be relied upon to over
whelmingly defeat any party which
proposes to bring such disaster upon
US.
Instead OF free silver at 16 to !,
which means silver monometallism,
contraction Of the currency, and 9
temporary and permanent injury to
business, which had been described,
the Secretary urged the necessity for
sound-money currency, consisting
of gold, silver, and paper, but every
. dollar kept as good as any other dol
lar. This would allow the coinage 0
all silver, which could be held at q
equal exchangeable value with gold
Potosi journal. (Potosi, Mo.) 1894-1929, 1895-02-13

WE give below bill passed by
the Legislature few days ago, re-
lating to sale of school lands. The
bill was introduced by Mr.. Baugh-
er, Of this county:
"An act to amend section 6427.
of article 3, of chapter 81, revised
statutes of 1889, be and the same
is hereby amended striking out the
word sixty, in the seventh line of
said section, and inserting iii lieu
thereof the work thirty; so that
said section amended will read as
follows:
Section 6427. In all congress
sional townships in this state in
which there are fifteen household
ers, they shall have the right to
sell their sixteenth sections, or such
lands as have been or shall be Sc
lected in lieu thereof; and upon
the petition of majority of such
householders the county court shall
make an order, copy Of which
shall be furnished to the sheriff,
directing him to expose such lands
to sale, at the court house door,
and while the circuit court is in
session, after giving sixty days
notice thereof: Provided, that in
any fractional township in this
state wherein less than fifteen
householders of such Irrational
township may petition the county
court for an order to sell the six
teenth section in such township, or
other lands which may or shall be
selected in lieu thereof, in like
manner as herinbefore provided.
Potosi journal. (Potosi, Mo.) 1894-1929, 1895-02-13
CarIisle'S Predictions.
FROM THE GLOBE DEMocRAE,

FROM THE GLOBE DEMOCRAT.
Those who are fond Of noting
the failures Of in the daily forecasts
Of the Weather Bureau should not
overlook the fact that predictions
emanating from the Treasury De
partment are still less apt to come
true. Somehow, Secretary Car
Isle has been singularly, not to say
rediculously, unfortunate in this
respect. He is supposed to make
his estimates upon definite figures
and circumstances: but it is difficult
to resist the conclusion that his
data must be tampered with by a
secret enemy or some malevolent
fate. At any rate, he has made
more predictions with less success
than any other man who has ever
served in the important Office that
he holds. Soon after he took
charge of the national finances, ii
will be remembered, he began to
estimate the probable deficits under
Potosi journal. (Potosi, Mo.) 1894-1929, 1895-02-13

will pass. This gives every maj
a dollar for each days work on tn
road, be he rich or poor, and nj
discount for cash. The amend
ment to allow a man to become Al
overseer when to old to work OF
the road. was voted down.
/ This was week of hard worl
in the House, and a great many
bills were passed, but none but the
above especially interesting tt
Washington county, except House
bill No. pa, relating to the sale OF
school lands, introduced by your
Representative, changing the time
for advertising these lands from &C
to 80 days. This bill has passed
the House.
Our Democratic friends on the
appropriation committee, are fight
ing hard to save the State officers
any reduction of their salaries.
Several of our friends weakened on
the subject, and the reduction will
not be large. If DR.. Tubhs We're
let alone he would thew to the
line" Like Holman. of Indiana,
he is the watchdog Of the Treas
ury."
Hon. John T. Clark and son,
left here on Friday for De Soto, to
visit his brother, "Buck" Clark.
for few days.
The Grand Army men in the
3Sth General Assembly, with those
of Jefferson City, will celebrate the
birthday Of Abraham Lincoln on
Tuesday evening, in the hall of the
House of Representatives. Quite
an interesting program has been
prepared.
The communication from Esquire
Glore, of Potosi, inquiring as to the
feasibility of creating the office of
Criminal Justice, as suggested by
an article in the JOURNAL, has been
received, and will be given due
consideration. l think there is a
bill to that effect now before the
House.
A letter from Prof. Henry, of
the Caledonia College, endorsing
House bill No. 4l5, relating to
Sunday base and foot ball, Just
received. E. G.. BAUGHER.
Potosi journal. (Potosi, Mo.) 1894-1929, 1895-02-13

IT is certainly distressing to read
about the deprivations and suffer.
ing the people of Nebraska and
Kansas are undergoing this winter,
owing to successive crop failures
for the past two or three years.
While the hardships of these peo-
pie are doubtless as severe as they
have been portrayed in the news
paper accounts, there is no actual
danger of famine. The cry for
succor has been heard by all the
people in the sister States, and food
and raiment is now being sent the
sufferers in large quantities. In
the meantime many Of the people
who have the meaDs for doing so,
are leaving the afflicted States and
are seeking homes in the south and
southwest. They are passing
through our town almost daily, and
an effort ought to be made to have
some Of this immigration stop in
this county. Washington county
could accommodate hundreds of
settlers, and every settler adds Just
so much business to a community.
Within the last decade our popula-
ton has been at a standstifl. or
possibly, it has retrograded, and
it is now time for an organized
effort to increase it. Let the ad-
vantages and resources of the
county once become known and the
tide Of immigration will flow in
this direction by its own impetus.
Total crop failures are never
known here, and while the soil may
not be as productive as that of the
northern States in their favorable
years, it will average better in the
long run. We have been told by
man who speaks from experience
that man can make a living on a
small farm in this locality with less
work than in any place he ever
heard of, and the man who owns a
quarters section of land need never
fear the wolf at the door. Here.
except on rare occasions, we have
none of the rigors of the northern
winter, and the supply of fuel is
failing. Our county abounds
in living water and drouths have
no terrors for the stock raiser; while
the ranges furnish grazing nearly
all the year round. Our mineral
resources also offer great induce
ment for the capitalist and invest
ments sometimes realize as high as
10 and even Is per cent.
Potosi journal. (Potosi, Mo.) 1894-1929, 1895-02-13
Letter From Jefferson City,
February II. 1895

February II, 1895.
The thermometer at 20 degrees
below zero, and the ice king in full
possession Of the city, has not chilled
the ardor of the society dcvotees
and there is ceaseless round of
receptions, fairs, masquerade balls,
etc. The Governors reception was
the event Of the past week, and, as
usual. was decided success. Mrs.
Stone was assisted in her duties by
Mesdames Brace, Mcfarland and
Winston. and Misses Brace, Sher-
wood, Stone. Garasche and
Katherine Turner (Missouri Belize,
who, by the way, will be married
to Judge o. NJ. Spencer, Of St.
Joseph, Mo, March 9Th, 1895.
The members of the House were
entertained by an address by Mr..
Post, Of New York. on the Single
Land Tax. This seems to be a
part of the system of educating the
masses inaugurated by Mr..
Cleveland, several years ago. He
proved to his own satisfaction, the
real cause of all our trials and trib-
ulations and furnished a panacea
for ''all the ills that flesh is heir to, -
but | am fearful the longed- for
''Utopia'' will never be reached.
even in this fast age Of ours. The
onl y talisman with any virtue, to
heal the gaping wounds in our
finances, and tow the old ''Ship of
State" back to the haven of peace
and confidence, is the return of the
Republican purity to power, and
the substitution of the principles
Of protection for the ''ways that
are dark and tricks that are vain, :"
of the party of free trade and
foreign affiliations. America first.
last and all the time.
The dozen bills relating to roads
and highways, were merged into a
substitute by the committee, which
passed to engrossment. This bill
empowers the county court to i'm
posca road tax of not less than two
days nor more than six, and in lieu
of said work, payment of one dol
lar cash for each day. This bill
Potosi journal. (Potosi, Mo.) 1894-1929, 1895-02-13

The Senate on last Saturday
passed a bill voting half a million
dollars to establish a cable line be-
tween this country and the Hawaii
an Islands. 1t is thought that this
is a move toward anncxing the is
lands. The estimated cost for the
entire work is 100000. Unless
the cable is extended to Japan or
China, it is safe to say that the
business from the islands alone will
not pay operating expenses.
Potosi journal. (Potosi, Mo.) 1894-1929, 1895-02-13

The administrations finance bill
received a Knockout blow in the
House last Thursday, which will
probably put a quietus to any
further attempts to legislate on
that line during the balance Of this
session. The Democratic members
placed themselves on record as to
who are the real obstructionists in
the House. Uut of the 1873 Dem
ocrats who voted on the bill, %
supported it, and 81 were against
the measure. Thus the admins
tratlon has the support Of a bare
majority of one on the Democratic
side of the House. Yet, in the face
of these figures they have the unpre-
cedented nerve to say that legislation
Is being hindered by the Republic
can minority. On the other hand,
~ Republican members voted for
the bill and 50 against it. Thus f.
of the Republican memers sought
to help the Democrats out of the
difficulty in which they have in
volved themselves. Tho Democrats
are hopelessly divided on the cur
rency question and each faction
controls about the same number OF
votes. and it must be admitted by
all, that if the administration can
not control more than bare ma jor-
ity Of one in it's own party, the
situation is hopeless. The pitiful
cry that goes up from the Demo
cratic. side of the House for Repub-
lican aid, after all they have said