davidaulloa/AmericanStories huggingface dataset:
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07

The worst enemy of the unselfsh pa
triots who are willing to sacrifice
themselves by filing all the public
Offices, and bowling for ''free silver or
bust" between meal times, is not the
wicked banker or the gold bug, but
the hardened villain who complies
statistics. To slightly change the
complaint of the Leadville saloon
keeper, who pointed to the spire of
, little church with the remark: ''It's
them blamed preachers that's ruinin'
the business OF this here community,
it may as we'll be admitted that it is
the blamed statisticians who are knock
ing the stufirg out Of the silverite ar
guments. For instance, here comes
Mr.. Richard P. Rothwell, editor of
the Engineering and Mining Journal,
: and gives figures which prove beyond
all dispute that the worlds produc
ton of gold during the past year was
worth nearly $500, 600, 900. And this
at the time when the free coinage
faddists were telling tie people that
gold WAS getting scarcer all the time,
and that there wasn't enough of it in
the world to serve as a standard of
value. These figuring fellows ana
their facts ought to be suppressed at
once
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
Farm Prices Have Not Declined,

Popular Science Monthly: 1t is
singular fact that the method of show
ing that the general level of prices has
greatly fallen. and that therefore the
gold dollar has risen, is to take the
statistics of prices in great centers as
a fina! basis. Wheat is cheaper in
London ID 1895 than it was in 1916
much cheaper so in cotton so in corn
the three great staples. Therefore,
say our friends. gold has risen, and
the debtor, the farmer, and the pro-
ducer are robbed This, with little
bogy talk about Shylocks, England
and Wall street, is all there is Of their
argument.
Now, if we asked what the Ohio
farmer received fifty years ago for his
wheat and corn, we come upon the
fact-which must be disagreeable
one for the cheap money men-that
he did not get as much then as he does
to-day. No books of statistics take
any account of the prices obtained by
the Ohio farmer in 1915; and our sta
tsticsl friends, overlooking Tor ere
Wondering to forget') the difference
in transportation aud other conditions,
then and now. conveniently assume
that because wheat was higher in Lon
don in 1915 than now, the Ohio farmer
must have been rolling in wealth.
In the 40>s the Ohio farmer seldom
got 20 cents bushel for his corn, and
frequently burned it up; and men still
living can remember how, in those
glorious bimetallic. days the farmer
got but % cents bushel for his wheat.
Ii those times the Western farmer
lived chiefly by consuming his own
products, buying almost nothing. 1t
is too clear for argument or dispute
that it has been railroads. telegraphs,
produce exchanges, and such like
means Of facilitating exchange, and
not gold or silver, that have caused
the fall of the great staples in COM
mercial centers-a fact easily verifiable
by any Western man who will consult
the oldest residents of his town.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
Period OF Ulientific Financial Legis-
latiOD.

Future hi.rians will refer to the
last decades, the nineteenth century
to show no Americans-so great IN
many other Ispects-chasedf financial
rainbows an unsuccessfully tried all
kinds of rer hes for fancied and real
ills before tt entrusted their finances
to properlyained men, as they had
previously ind it expedient to do
with their a. y aud navy, their health
Experimentation courts of justice,
their colleg etc.
Finance s not yet accepted
as a sciencoy us, probably because
our count is so rich that so
far it has bn able to stand unscien-
tifc expenents that would have
ruined almt any other nation. The
Germans, 70 have been forced by
necessity Husband their resources,
have madelormous strides since their
finances he been managed by great
central insution-the Reichbank-
under the ldership OF the best talent.
France anG1ngland have long been
envied for he comparative stability
and safetyf their finances, which is
due to the,orkings OF their great cen
trail banks. We can yet Guido them
all, if onlyTe apply the same common
sense to OF finances that We apply to
other Departments.
Ours is le richest country in the
world. " should be and can be the
most powGul nation financially and
every othf way; but, to accomplish
this. we INST dispel all doubt as tc
our iinanal unit, we must centrallze
our bank.g system, and we mus
manage or finances on scientific pr1n
ciples. Aois Lsdeaburg, in January
Forum.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
THE RI IIytr MOAN.

Without ex ion the free silver
newspapers or oakers. They sing
one monotone ong OF woe. When
their attentio, directed to hopeful
signs they dec that they are only
delusions anf IN try to trump up
some sad sug: IN to Offset them.
When the ,e o. cotton went
bounding up founain it no cause
for rejoicing, pointed to the fact
that we didn' Sc as much cotton
this year as ! last. When they
are told thas asses OF the people
are in better ltion than they have
enjoyed for y they DO not attempt
to answer the that go to prove
this statemel 1T exclaim that no
people can Apply or prosperous
who live ur the gold standard.
They would Us enjoy the blessed
privilege of free and unlimited
coinage of 81 which hes made the
little republj f Central America 30
rich and pc III and the want of
which has, red the march of
civilization 3. United States and
Europe.
Is it the p patriotism CT even
of common to exsggerate the
ills we have to invent imaginary
woes?
Every int mt person knows that
the conditio the country has i'm
proved iml ely within the last
year. VIVA the free silver organs
hope to aci lish by fighting this
fact?
Their onl ,e must be to spread
discomfort by announcing so
many svmI of disease to drive
the patient desperate experiment
with their { Iuack remedy.
This is p work for newspapers.
1t is an Ell SO unworthy and so
ridiculous its failure is the only
thing that ! be expected among
an intellige. people.-Atlanta Jour
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07

: The Atlanta Constitution has tenn
porarily abandoned its attacks on the
s'Shylocks" and 'fGold Kings" of Wall
street in order to point out the dan
ger to America of japanese competition
in manufactured goods. In a long
editorial, based on the prices at which
an imaginary agent Of japanese manu-
facturers was alleged to be ready to sell
matches, bicycles and other articles,
the Constitution urges the adoption
Of free coinage as the only possible
remedy against food of cheap goods
from Japan. If the United States will
double prices by measuring its wealth
in fifty-cent dollars. the wise Atlanta
editor is sure that the Japanese will
not be able to compete with Us. Or
in other words, the gold standard has
forced prices down SO low that the
japanese can now undersell our man
ufacturers. But if we change our
standard of value SO that our goods
will be twice as dear, then the low
priced japanese products will not
come in. A truly original and brill
liant idea
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07

but nominal prices will be doubled.
As the number of dollars paid for pen
sions is fixed, it follows that ii PAID IN
silver dollars the pensioner would re,
ceive only one-hslf as much, measured
in commodities, rent, ETC., as ne does
under the gold standard.
These are facts which the sllverltes
have never attempted to deny. Nor
have they ever proposed to double the
pensions which are paid to the old
soldiers, their widows aud orphans.
Now. then. can they expect the coun-
try to adopt financial system which
would dishonesty rob the pensioners
of one half of their inc ONE?
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
THE REAL PROBLEM.
Not One of Revenue, but of Green
back Retirement.


back Retirement.
Senator Burrows, of Michigan, has
not been saying much on the currency
question, but he does his own think
ing, as is evident from the following
interview with him on January 10:
zone of two things must be done
either the greenbacks must be retired
or some means devised by which they
will not or cannot be presented for
payment. The act of 1890. which con-
tinued in operation for three years,
injected into our circulation about
$3.50, 000, 600 of silver represented by
the Treasury notes, while at the same
time the reserve was not in any degree
augmented. This may have had ten
dency to alarm the business public
and create a raid on the Treasury for
gold. One hundred millions of gold
was regarded as q safe reserve for
1916, 900, 900 in United States notes;
but when we came to add $3.50, 100000
more in demand paper. payable in
gold, without increasing the reserve
dollar, thereby placing in circulation
about $500, 00C, 900 at demand notes,
with only 500, 900, 600 in money with
which they could be redeemed. I am
not clear that this was not largely ac-
countable for the distressing position
in which we find ourselves now. That
an increase of revenue common
surate with the expenditures of the
government would remedy this
condition of things and restore
public confidence in the ability of the
government to maintain half.billion
of demand paper at par, is PROPOSE
ton of which have some doubt. OF
course, an increase in the reserve
might furnish a remedy. but this
would mean the further purchase of
gold by the issue of bonds, which at
this time is hostile to the popular
judgment; and unless the United States
notes and the Treasury notes can be
held in the Treasury after redemption
and the expenses paid with other cur
rency, I do not see how a recurrence
of the raid on the Treasury can be
avoided.
cit is strange thing that the gov
eminent of the United States is the
only party obliged to pay its oblisa-
tions on demand in gold; ana to-day
the United States have out five hun
dred millions of demand paper which
it may be required to meet with gold
at any moment. No such demand can
be made on any banking institutions;
they can pay in legal tender. 1t is
still further significant that while the
government of the United States must
stand sponsor all the time for $500,
900, 900 in gold, it has not single dol
lar of d;stinctively gold revenue.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
Why Legal Tender Notes Must Go.

The last number of Sound Currency,
published by the Reform Club of New
York, is an interesting and timely dis
cussion of the need of greenback re-
tirement, by Mr.. Charles G. Jackson.
The tremendous expense of continuing
to issue government legal tender notes
is clearly pointed out. Mr.. Jackson
says that s'The contracts payable in
lawful money in this country are
probably at least $25, 900. 900, 900, and
anxiety about these contracts, and
about the new ones which must be en-
tered on by anybody who undertakes
a new enterprise, paralyzes our ener-
gies, curtails our industries, and les
sens our incomes very seriously. In
the last panic year the aggregate of
the incomes of our Inhabitants was
reduced probably twenty per cent. at
least, and to-day our incomes are
probably ten per cent. less than they
would be if this evil of partial repu-
diation did not hang over us. The to-
tai incomes of our people are some
where about So, 900, 600, 900 per year,
and ten per cent. of this ISL 200. 900, :
600. This is the sum, then, which
the use of overvalued silver and IN
trustworthy legal tender paper as
standard money takes from US each
year"
Mr.. Jackson thinks that gold has
been flowing away from our country
during the past eight years because
our government has SO abused its
power to issue paper currency that
both our own and foreign investors
are doubtful whether that currency
will be always redeemable in gold.
This doubt has been growing with the
decline in value of our large stock of
silver, all of which is practically re-
deemable in gold, with no adequate
gold reserve to meet such an obliga-
ton. There is plenty of gold in the
world and the natural laws OF trade
will quickly start it to flowing our
way, once we fully decide to stick to
the gold standard.
Mr.. Jackson shows how much better
fitted are our banks, with SIS, 900, 000,-
900 banking assets, to issue currency
than is our government, which has
practically no assets and which i'll
times OF stringency or emergency can
borrow gold only by selling its own
promises to pay. The resources of
this country are SO great that it has
succeeded thus far in keeping its legal
tender notes at par with gold. SINH
lar experiments have failed in every
other country. No such paper except
ours is at par to-day in the whole
world. All other intelligent nations
have abandoned the effort and substi.
tutea metal as the only legal tender,
and now have all their paper issued by
banks
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
Why Labor Gets Lett.

The prices of what wage earners
have to buy respond far more prompt
ly to changes in the quality of money
than do wages-the prices at which
labor is sold. Hence, whenever
money is getting better, though nom
inal wages may. tend to decrease,
wage earners are constantly
getting more goods in ex-
change for the money they actually
get for their labor; and whenever
money is getting poorer. through nom
inal wages may tend to increase, wage
earners are constantly getting less OF
the necessaries and comforts OF life N
return for the wages they receive.
Appreciation of the dollar in which
wages are paid, and consequently
lower prices, is, therefore, constantly
and certainly to the advantage OF the
wage Garner. Depreciation OF the
dollar, and consequently higher prices,
is always and certainly to his damage.
Hon. John DeWits Warner.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
WHY AMERICAN tlNGMEN Dc
NOT WANT F,OINAGE.

The annual cow of the Amer
lean Federation Oft, an organize
ton composed otgates from all
the important thnions of the
country, was held TT time ago IN
Rev York City. visiting dele
gates were welcSy Mr.. j. W.
Sullivan, OF Typofeal Union No:
6, an old time II who has set
type in q great mates, and who
was put forward represent the
workers of the gry manufacturing
city in America, account of his
long experience il organizations
and his thoroughpathy with the
aims of the tradeSns.
It is claimed BIZ silverites that
their scheme is il interests of Ia
Dor, and that thse all who desire
TO improve the c9on of the work
ing classes shoul5ort Populist or
tree coinage canss. In event of
the silver party's;ess the workers
are promised tina es will be high
er, employment 3 abundant, and
involuntary idleland poverty I'M
known. ~
Mr.. Sullivan 'sss on this dis
puted question direct and to the
point. He says hat I, as a work
ingmap, want fl all, is a dollar
which has the hest purchasin g
power. I want wages paid in
money which vsuy the most Of
everything l nf I'D there is no
question but th currency either
sold, or paper EDO it, and redeem
able in gold, is only kind that
will always do + I have recently
returned from Sp to the Pacific
Coast, in the cobf which I visited
most Of the sil4ining states, and
spent some timahem. I have heard
all the argument the free silver
advocates, but b still convinced
that the main nce OF the gold
standard is they best policy for
the working PEI of this country. .
These are lie opinions OF a
Wall street shy q gold-cornering
banker, or a grs money-shark, bat
of one who sta'n the ranks Of or
ganized labor, earns his living by
his daily toll. J should lead those
workers who / been deluded by
the glowing pries of the silverltes,
to consider cully whether they
have noteverye to lose, and moth
ing to gain, b lping to destroy
system under il their wages ar'
paid in dollarsi Itch will buy twice
as much as tiollers which free
coinage would them.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
400 wears and failed; and that France
made the same futile effort for more

400 wears and failed; and that France
made the same futile effort for more
than 500 years.
W. Stanley Jevons, the eminent
English writer, in his "Money and the
Mechanism of Exchange" devotes
chapter to t'The Battle of the Stand
ards" In speaking of the discussion
among European economists, he says
(pp. 136-130: "The advantages OF
the double standard have been most
ably advocated by NJ. Walowski,
Courcelle-Seneuil, Seyd, Leon, Prince,
Smith and others, while NM. Chevaller,
de Parieu, Henricks, Frere, Orban,
Levasseur, Feer-Herzog and Juglar
have been some of the leading uphold
ers of the gold standard"
His Representation for the future
(p. 149) is that "Asia and Russia seem
likely to uphold silver against the rest
of the world adopting gold;" and he
adds: Gin such result there seems
to be nothing to regret - In his
last volume, Investigations in Cur
rency and Finance" (p. 316). in speak
ing of US: ''In trying to establish a
bimetallic money, the American nation
would be setting themselves against
ir, esistible natural tendencies so as to
insure defeat"
Professor Tausigg, of Harvard Uni
versity, in ''The Silver Situation IN
the United States" argues calmly and
intelligently against bimetallism, both
- :~A n n AnrQpa
White. one of the editors OF the
"Nation," warmly advocates q gold
standard in "Lalors Ciceopedia OF
Political Science, Political Economy, "
etc. (vol. 2, PIP. 9S3 -ssD.
Professor Richard T. Ely, formerly
of Johns Hopkins, is now head OF
School of Political Science, Eco
Monies and History, University, OF
Wisconsin. In his introduction to
Political Economy" Up. 1881, and IN
his "Outlines of Economics" Up. 1857,
we read: Zone country alone cannot
introduce bimetallism because other
countries might send it their silver
and take away its gold, just as Ger
many evidently contemplated drain
| ing France OF at least a large portloh
of her gold. Experience seems to
! demonstrate that national bimetal-
ism is out of the question, and nc
scientific economist favors it.
We have presented above the
opinions of such authorities" as the
library facilities at our disposal at
present enable US to gather together
| the list could be extended until it In
cluded all political economists OF rec
ognized standing, as we see by the
quotation from Professor Ely.
As an Authority" Professor Ross
stands alone; for the sake Of the repu
tation of his university, let us hope he
will join the ranks of his colleagues
who, on whatever else they may differ
are agreed that unigovernmental hi
metallism is impossible.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
SMALL CHANSE,

Tse gilverite Senators are just now
behaving like the small boy who
wines eff I can't have my own way,
then I won't play" They know that
a free coinage bill cannot possibly
pass the House, SO they sulk and re-
fuse to allow measure for the relief
of the Treasury to become law. In
thus checking needed legislation these
Senators are injuring the best inter
ests of their constituents and of the
whole country, Fortunately the terms
OF many of them will soon expire.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
4 New Way to Swindle Old Soldiers.

The value OF the p ension secured by
the wounded veterans, whose monthly
payment from the government is IN
great many cases their sole support, de-
ponds entirely upon its purchasing
power. If that power be high, it will
buy a much larger supply Of the ne
cessities of life than if calculated IN
cheap dollars. 1t requires no argu-
ment to prove that, if this country
adopts the silver standard, prices as
based on dollars containing 50 cents
worth of silver will be just twice as
high as they are now. Values will be
no higher, and the farmer or worker
will ret no more than he does now,
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
Fire and Nail Test.

Drive nail through the center OF
silver dollar and it is only worth
little over fifty cents. Drive a nail
through a gold dollar and it is still
worth 100 cents. Tried by fire, the
gold dollar, when melted, is worth LOU
cents. Tried by fire, the silver dollar.
when melted, is worth about tifty'hve
cepts.-Hou. Josiah Patterson.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
The Governments Business.

81 thakovesEment can usetuliy do
is to certiY 30 the weight and fneness
of the coihge. It has no further con-
Germ witt ,ney. The main point to
be bo,ne mind, in relation to coin
age, is, ,overnnsn: does not de-
termi Sc, ta at all. but simply certl-
fies to theweight and purity.-Amasa
Walker, Ac:encs OF Wealth.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
Result OF Free Silver.

No invasion of hos tile armies, burn
ing ard destroying as they advance,
could by any possibility equal the
! desoiation and ruin which would
thus ne forced upon the great mass
of people, Professor j. Lawrence
. LaughliD.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
On the SHte Sltfp.

AUTHORITATIVE do you think OF the
title-'Some Thoughts on the Cur
rency Question ?''
Friend-"H'm! Suppose you call
it Some Remarks on the Currency
Question. '"-Puck.
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07
Time Enough Then.

When the silver miner and bullion
owner shall have established by legis-
lation government grist mills. which
shall convert every so cents worth of
farmers wheat into a dollar of -four,
it will be time enough for the farmer
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07

currency being inflated hepened by the
prices of food clothing
laboug
cheap
tofe ynation
The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-02-07

70 advocate laws which shall convert
eyerv 50 cents worth Of silver bullion
into dollar of coin.--J. Sterling
Morton.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-09-04
Has Gold Increased in VaIues

10 the Editor of the Dispatch:
In 1873, and even later, $1,000 in
either gold or silver would purchase
in India 1000 cushels of wheat AT
tue present time $1,000 in gold will
buy in India 1000 bushels of wheat,
and $1,000 in silver will buy 1000
bushels of wheat. Can one say gold
has not appreciated?
In 1873. and even later, $1,000 in
either gold or silver would buy
about $1,000 English cousol bonds
at the present time 81 900 in gold
will buy about about 81, 900 English
consol bonds. Do not these figures
speak for themselves?
In India prices remaining about
the same for articles of domesiic
use, and labor also remaining about
the same, no great harm is done the
producer of wheat in that country;
but all gold standard countries pro.
ducinS wheat to be afforded in Lou
don for sale suffer loss, because the