The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1896-06-12

racy speaks right out on the money
question. This is about the substance
of what it said here last Saturday:
Grover may be right in his financial
policy, but all Democrats do not say
So AS for us we don't know where we
are at and repose sufficient confidence
in the coming National Convention to
believe that it will tell u.s."
JAPANESE COMPETITION.
Colusa Sun: w. H. Mills has a very
exhaustive article in the overland
Monthly for June on the subject of
Japanese industries. It will be remem-
bered that he had an article in the
Cali some months ago on that sub
ject which attracted a good deal of at
tention and was criticised by those who
can see nothing but disaster in our re-
lations with that country. Mr. Mills
has since given the matter that care
and consideration that has enabled him
to give to the country the most valu-
able paper published in this country on
our relations with the Orient. 1t ought
to have a much larger circulation than
the Overland" is able to give it. He
proves that our fears of japanese COM
petition are entirely grOundleSs. They
are not going to become more expert
in production without a corresponding
increase of wants. And this is the
whole matter in a nutshell. England
has always sought trade with the ma
tons just quickening to the wants of a
higher civilization and has always been
the gamer thereby. 1t were pity to
destroy the force of the article by an
epitome, and those who take an in
terest in such matters-and every man
ought to-should get a copy of the mag
aZine and read it as a whole.
WILL BENEFIT ALL OF SOUTH
ERN CALIFORNIA.
San Diego World: We believe that a
fair and equitable settlement of the
Indebtedness of the Pacific Railroads
Will be of great benefit to all of South
ern California. On a business basis,
with additional security being given for
the payment of same, it becomes bust
ness proposition, fair to the Govern
Inent, bearing interest until paid, in
addition to annual part payments of
the principal, and is an honest plan of
settlement because it means that every
dollar of the Indebtedness will be paid
100 cents on the dollar. With the in
debtedness of the Pacific Railroads adj
iusted, they will know where they are
at, and we believe that the Union Pa
cific will extend it's proposed branch
from Utah to Southern California, and
that the Southern Pacific sill finish it's
Santa Barbara coast lire Drcnch, on
which all work is now stopped, as well
as build numerous other branch lines
all over Southern California. We are
for the welfare of Southern California,
yet the proposition is an honest one
and fair one any way you look at it.
OPPOSED TO SILVER.
Los Angeles Herald: In the light of
the extraordinary and futile sacrifices
the United States have made in the be-
half Of the silver mine owners Of the
country, the proposition to throw the
minis open to the free, unlimited and
independent coinage Of silver at the
ratio Of sixteen ounces of silver to one
of gold, when the commercial ratio is
nearer 80 to /, is one of sheer lunacy
or pure brigandage. Where is the diff
ference between the commercial and the
legal tender values of the metal in the
standard silver. dollar. coined en- the
basis of the ratio noted, to come from?
Is it to come like the rains of heaven
or the flowers of the field? Is it to be
the product of some supernatural
agency? No, it can only be the prod
uct of the toll, the sweat, the thrift and
the privation of the men and women of
the land who labor. The difference be-
tween the commercial and the legal
tender values of the silver dollars
coined under free coinage legislation
represents wealth, and in the end the
processes of trade and industry will ex-
tract that wealth from the wealth
producers. When did the people incur
such tremendous obligations to the sill
yer kings? And if the people are I'M
der no obligation to the silver kings,
why should the latter be permitted to
levy such an enormous tribute upon
the former as that provided for in the
coming of fifty cents worth of silver
into dollar endowed with a debt-pay-
ing, wage-paying. check paying func-
ton of 100 cents?
THE ADVANTAGE OF 1T.
Independent Calistogan: The small
farmer can utilize the working force of
his family and thus exercise a consid-
cradle advantage over his large COM
petitor. In the management of a ten
acre fruit farm the varieties may be
50 selected that the farmer and his
family viii be able to handle each as it
ripens. The large farmer depends of
course upon hired help. He can hire
men at low rates when he has nothing
for them to do, but has to pay good