Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1895-05-25

The Neaos succeeds better in dealing
with Cumberland finances, and, when
it comes to the county feast, it is con-
tent with nothing less than all the
dessert
The Old Roof Doesn't Leak Any More
because New Roof is Gong
to be Put On.
Addressing the Cumberland Times,
the Cumberland Meas says:
Our contemporary should first explain why
there was panic in 1893 why times became
so hard, why wages in all branches of in
dustry were reduced to the starvation point,
and why so many great manufacturing plants
closed their doors, before it attributes the re-
vival of business to tariff law which its
party leaders never approved, because of its
| alleged protective features.
If the Times will quote the letter of
Hon. Charles Foster, Secretary of the
Treasury, to the Chief of the Bureau
of Engraving and Printing, dated
February 20, 1898, the Neps will gain
some insight into the fact that the
panic was on hand before, certainly
very early in 1898.
Mr.. Foster authorized the prepara-
ton of designs for the 3 per cent. bonds,
not get prooided for BY laao-why?
In his own words
This authority is given in advance of the
enactment in view of pressing contingencies,
and you are directed to hasten the preparation
of the designs and plates in every possible
manner.
The necessities which forced the
bond amendment to the sundry civil
bill and the pressing contingencies"
which compelled provision of those
bonds even before they could be
authorized by law, were the immediate
forerunners of the very woes the Neus
rectes. The amendment itself was a
staunch recognition of the fact that
''the wind had been sown," and an
unerring Legislative prophecy that
''the whirlwind must be reaped."
The authors of the mischief stood
from under the walls of a temple
whose ruin they thus foresaw and fore
told, and thanking God, for once, for
defeat, they have been busy ever since
insisting that this time the effect came
in several lengths ahead Of the cause.
Offers too Much.
The JOURNAL has letter from a
Cumberland gentleman who says
| sincerely thank your Eckhart friend for
calling you out on the silver problem Your
answer is the most satisfactory l have seen.
1t is so good because it is so short and so
easily understood. l have shown it to a
number of my friends and all are staunch
sound money men, because nor they can giye a
reason for their JaiM.
1t ought to be plain to everybody
that when man seeks to sell COM
modify it is because he wishes to get
for it something that is to him superior
in value. This may come to HIM in
greater quantity or better quality, but
his aim is aleoays to prqft by the ex-
change. With labor only to sell, his
livelihood is improved by exchanging
work at 10 cents per ton for barrel
of flour, while his labor cost in the
ten tons of coal more than reimburses
the miller, and so on.
But how about the silver miner, the
only man we are led to believe who is
gong to dump his silver bullion in the
mint and get for it in kind only the
equivalent of what he puts in9 He
will not only do this 0ithout profit, but
he will "pay the freight both ways
In short, he is the only tradesman in
the world who proposes to trade kind
for kind, make nothing and "pay the
freight twice.
The man who believes the silverite
makes this profession in earnest is
tout of his head"
There is only one money metal
superior to silver. That metal is gold.
And there is just as much love for
gold in the human nature of the
silverite as there is in the human
nature of other people.
There is just as much preference for
profit IN the trading instinct of the
sllvermonger as in the commercial bias
of other tradesmen, and he must have
for his silver bullion either more silver
coin, or eventually more value in gold.
He wont trade on any other terms.
He can't trade on any other terms.
The JOURNAL endeavors to phrase
its points in homely illustration for
people to whom the technique of the
subject is obscure and wearisome. 1t
is only in this way the mass can he
brought to see that the silverite is the