davidaulloa/AmericanStories huggingface dataset:
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

fore. at once lose. In the departure or
the onc-hundrod-ccnt dollars and In the
elimination OF credits an enormous vol
uEe OF the agencies by WITCH II does its
business. and the quantity OF dollars
and substitutes for dollars which do the
actual work OF dollars would, OF course.
be enormously decreased.
The quantative theory OF money as ar
fccting prices is totally erroneous. Bust
ness IS not sales for money. but exchanges
Of commodities effected through tho
forms OF sales Commodities are cx-
changed through reference 20 the labor
involved In producing each as modinoc
by the demand for each II takes n
days labor. we viii suppose, 20 pre-
duce a bushef or wheat, the same TO
produce two bushels or corn and the same
to produce n dollar OF gold. rms bein,
so, we say a bushel OF wheat ia worth n
dollar and two bushels Of corn are worth
dollar. and we thus find the basis upon
which the two are TO be exchanged. Ac-
tual money does very little more in life
than TO determine this basis. When it is
found, the exchanges Of the commodities
are made by transferring their credit
values upon the books Of merchants and
banks. This IS the essence Of the case,
but how few understood #?
But the truth IS. what we call prices"
are not rNcd by the quantity OF money
at all. They are fixed by comparing the
labor involved in producing a commodity
as irodi1ed by the demand for that COM
modify, with the labor Involved IN pro-
ducing the amount OF metal in 2 dollar as
modified by the demand for that metal.
If the money Is greatly increased after
that. prices Of commodities will nonn-
nally rise. il is true. but it is a nomi-
nal rise onv. and what has really hap
pcued IS that tho metal Of which the
money is made has lost ground. Either
the labor necessary to produce II has
rccome less. or the quantity of 1t mas
caused The desire for 1t to abaie. and II
is case OF money being Deprecated
rather than n real rise in the price Of
commodities. outside OF the PRIOR rea-
sonlng witch proves this it is proved by
the fact that when tho money has in
creased in quantity 70 such an extent the
relation OF commodities 20 each other
remains jus; what it was before the In
crease. A bushel Of wheat swaps Tor
lust the same amount Of corn as before
and barrel OF potatoes for the same
quantity OF fax. The nominal increase OF
nrices. therefore. that comes from increas-
ed quartity Of money has no erect what
ever uron the value Of commodities. 1t Is
nothing but proof that the money Of the
country has deprecated. -.
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
An Anxious Inaujrer.

Editor OF The Times;
Sr.-I was bora and raised Democrat
and still cling to Democratic principles,
and therefore would Ike 10 be able to
vote for the nominee OF the Chicago con-
vcntion II by any means IL can be cN-
planned 10 me In what way the people
Of the ccUntry are TO be benefited by free
silver. In order TO get little clearer
idea OF the subject / would be greatly
obliged II you would publish in your pa
per the following questions, 10 which 1
should Ike 10 have replies from any OF
the advocates OF the white metal:
Should free silver carry the country.
would II not cause general rise I'm
the price Of all commodities OF lfe2
II so, how would this affect the fol-
lowing classes.
lst. The farmer-Woud not the cost OF
living 10 him be- increased IN as great. II
not greater ratio, than the prices ne re-
ceiycd for his prOducts2 For instance,
would n not De necessary TO- inc clOthier
and grocer 10 charge more Tor the ar
ticles. etc, which tho farmer must ne
ccssarily purchase? Would not the price
or farming machinery, fertilizers etc,
also go IN equal proportion with the price
or wheat, corn. etc? II SO, wherein
would he be benefited II 1t took 81 90
buy what 81 bought before. although he
gets s. where he only got 81 before;
%. The wage carncr-WiI his wages
be increased in proportion 70 tho increas-
ed cost Of living? Does past experience
pay Of his employees in like ratio with
his own increased profits? Are not wages
moro subject TO the laws OF demand and
supply than any other commodity VIII
free silver increase the demand Tor la
Dor I'm proportion TO the supply 70 such
an extent rs TO cause a rise IN wages
equal 20 the rise i'm prices of what the
WAGES viii purchase
Who would be the final bcnehciaries Of
free and unlimited coinage Of silver?
Would IL finally sift down 10 the silver
mine owners, not only of this country. but
Of the world? Would IL not make the
United States mint the dumping ground
Tor the silver output OF the world . Surely
n Uncle Sam IS going 10 give sl29 for
an ounce Of silver that now only brings
In the rest Of the world about 80, or with
the boom price now on about - cents.
the silver producers of the world Will
prefer 10 deal with this exceedingly lib
eral gentleman, will they nOt7 Woui this
not be further drain on the gold IN
this country. or rather would IL not mean
the entire withdrawal of gold from our
currency. oil that Uncle Sam could pos
sibly obtain and coin being used up in
purchasing silver bullion What would
there be to stop this importing of sill
yer ana exporting Of gold except the fl
nal exhaustion Of the gold supply? AMI
would this not mean mOnOmetallism?
Sincerely,
4 DEMOCRAT.
Richmond, Va, July ~ 1896
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
PALACES ACCORDING TO ST.
JOHN

The foundation proposition upon which
MIR. William L. St. John, the presiding
officer Of the st. Louis Silver Conyen-
tion, built all that he had TO say, was
shat "the value OF each dollar, expressed
IN prices. depends upon the number or
dollars IN circulation" What AR. ISL.
Uohn means TO say by this is that II
collars are scarce. prices OF commodities
will be low but that II dollars are album
dant. prices Of commodities VIII be high.
Dut this is absolutely fanacious. GER
sainly as applied TO the highly civilized
organization Of society which we have IN
this country.
IL 1t is 10 be conceded that the prices
or commodities depend upon tie quantity
of money. yet due consideration Of the
case must make allowance for the part
played In 1t by representatives. or
monoy-that Is. circulating notes and
bank and mercantile credits. we know
shat little or no business IS now done
with actual money. Steam ana electric
Sly have done away III great measure
~ done now by transfers o. credits, tho
records showing that 50 per cent OF busi-
ness transactions are done by transfers
OF credits on the books Of banks. IT.
therefore. Mr.. ST. John Will have IL that
the quantity OF money regulates the
prices OF commodities. he must include
as money the credits that are used In
business. for. so long as confidence ia
maintained, this vast volume of credits
does the work OF money just as effect
ually as actual gold dollars do or can
do This being so. the quantity Of money
es. al this moment. potentially, unlimited.
and prices ought 20 be just as high.
therefore. as abundant money could make
them.
But another failacy turks In Mr.. ST.
John's proposition
In order 20 have the abundant money
chat he relies rp.on for making high
prices no would inject into financial
system that now rests upon q hundred
cent dollar a rev dollar worth only
ffty-three cents. This would. Of course.
drive the northumberland dollar out or
circulation. and We should consequently
have only tho nfty-three-cent dollar,
worth. OF course, as much more as specu-
lation made Il worth for time II
would be a long timo before enough OF
these nfty-tnree-cent dollars got into cir
culatior 20 make money as abundant as
IL now is. But forcing them into the
currency. and thereby forcing men who
had one hundred cents due them TO be
uatIshed with fifty-thrae cents Tor what
ever else the silver dollar might be WORTH
would utterly overthrow confidence and
produce an enormous diminuuon OF
prsdit. The financial system would. there
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

II IS not unusual these days TO hear
this declaration made as an evidence or
purpose to support the Chicago platform.
and. Of course. the natural converse
| Of such support would be taken 10 sug-
gest. Il am no longer a Democrat
With such proposition The Times
takes issue with ALL its might. we have
not the faintest idea Of ever giving the
romotest aid, comfort. or support to the
platform made at. icago to please Popu-
lists We would as soon openly align
ourselves with The lawless crowd that
Altgeld once sustained, as TO be silent
while the incarnation Of opposition 20 the
peaceful operations OF our system Of gov
ernmcnt goes Incorporating IN sleeps
clothing, and IN the revered named of
Democracy threatens the torch Of i'll
cendiarism.
We would as soon think Of abandoning
our fresides and families, the State of
our birth. as TO consider an abandonment
OF Democratic principles. but we arc not
now presented with a platform in which
4''ItpNldAlN ADNlll4to prevail.
Let no man deceive himself. Let no
man BE betrayed by the belief that he
is loyal 20 his party in supporting this
assortment Of rabid propositions.
The Times believes In parties We
honor a strong and perfect combination
OF high and patriotic men, imbued with
q lofty spirit of equal rights 10 all and
special privileges TO none. We admire
the mobihrg of all honest men of our
common country under fearless and in
treuid leaders, rallying TO the support
Of ;he primary doctrine Of perfect equal
ity before the law for all mankind but
when the cause is perverted and the
hich purposes prostituted. then protest
becomes patriotism and further service
under such flag bat a seryile surrender
OF deep conviction of what Is right. How
ever others may lightly give up the prin-
ciplcs Of the party The Times Will remain
Democratic II has. however. no quarrel
with the honest men who differ from IL
nov. H. has no desire TO abuse, defame,
or to ridicule, Tor every good Nirginisn
who is honestly endeavoring TO glorfy
his state Is our friend. bat In all earn
estncss we cmphaticauy proclaim and de-
clare that a protest against the Chicago
platform is the duty Of every Democrat
in tho country.
The principles Of Democracy are the
principles Of natural law applied 90 gov
ernmcnt as much as the laws of gIaW-
tatiou or Of motion are the natural laws
OF mechanics. They are necessarily un-
chanecable. one of the fundamental prin-
ciples o. Democracy has ever been TO
avoid and resist cncroachments OF gov
ernment-to minimize its functons-tt
adopt that system Of taxation which VIII
give the greatest freedom or trade con-
slstcnt with the necessities Of the Gov
eminent. and &c have such a monetary
system as would best promote this pur-
pose.
These were opinions Of Jefferson and
Of every distinguished Democrat since
hts time.
1t was all upset at Chicago. Thc Gov
eminent is now to control or interfere
with the business Of citizens, and the
monetary system is to be re,oluuonized
and the Uiitcd States degraded 10 the
standing Of seml-clyllzed people.
This is net Democracy, and no Demo
era, should tolerate L..
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
TUESDAY, JULY Is, 1896.
THE POSITION OF rnE TINES.

TIE TIMES is
For Democratic principles pure and
indebted.
For the maintenance of tho credit OF
the country-public and private. national
Shte, and individual
For the faithful observance Of con-
tracts made In accordance with the gold
standard OF value. which mas prevailed
in this country for OVER sixty years.
For the continuance OF the gold stand
ard bf value. as that best for the in
scrests Of all the people of-this country.
and especially for all who live on wages.
salaries. or other fixed incomes.
For the use OF silver TO the fullest ex-
tent consistent with the continuance Of
gold in free circulation.
For free banking and the repeal Of
the 10 per cent. tax on state-bank notes.
Z, For the preservation OF law and order
md the greatest possible liberty of every
citizen consistent herewith.
For honest elections as the safeguards
of our liberties.
THE TIMES is
Against the taxation Of one citizen for
the bereht Of another. under the guise
Df bounties. Of IA protective tariff. or in
any otLer form.
Against any tax which creates. classes Of
citizens and discrimina;es in favor Of
pne class as against another. All citizens
nre and should be equal before the law.
both in receiving its benefits and bearing
Hs1burdens.
Against the free. unlimited, and indie
pendent coinage Of silver by the United
states as delusive scheme. fraught with
oncalculable trouble and loss TO our
country.
Against all assumption OF authority or
Interference by Government in the lawful
business OF citizens.
Against the Government ownership or
control of railroads. toegraphs. or any
business which citizens can DO.
Against the Government forbidding con-
tracts 10 pay borrowed money IN the kind
of money borrowed. which have been
lawful for thousands Of years and which
tn themselves are just and right.
Against all forms OF Popullstic paternal-
ism or Anarchistic incendiarism.
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
4 Hazardous Step.

We are still here TO say that while th'
adoptIon Of independent bimetallism by
this country may be the best thing pos
sihlc. we also believe such step TO be
10 certain extent at least, hazardous
No man can foretell with any certainty
what the result will be. There are eyil'
In our present monetary system tina
must be corrected; the people feel and
know this 10 bo true, and they are ready
Tor any experiment that will promise
relief. In view Of existing conditions,
there IS little doubt that free silver Will
sweep the country. The voice Of the
ueonle is not necessarily the voice OF
God. but IL will prevail nevertheless FOL
a season. -Rrlstol Courier.
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
Lieut.. Walls Commission.

Editor OF The Times.
Sir-ln looking over some old army
papers recently / came across partial
~ burnt commission Of Lieutenant Will
liam ~. Wall Of the Provisional Navy OF
the so-cailed Confederate States When
the G. : lronclads made the attempt
10 run one obstructOT in the James river
IN 1870. below Uowlets Battery. one OF
The neet was blown up. and this paper
win other things, was waited BY the
wind from the north side OF the river
70 the south side. opposite whore the boat
sank. Possibly Lieutenant Wall df alive.
Wouid value II as "A mrmcnto of past days
Jf YOU viii give this notice a place in
your pfrer, you may confer "a favor on
comrade who wore the gray. and graft
~ % coinra ie who wore the blue during
those trying times. by addressing me al
this place you will receive pronpt re
turn.
Q. 5. COWLES.
Late Major Tenth y. Y Art
1855 "-'' -''
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

There are great many goVernmea'
oflce-holder5 to-day going around iustiiy
proclalming their free-siIyer ideas VINO
would as stoutly defend the cause or
sound money, but for the signs OF the
times. or course the reason for such d
course by these people is self-eyident TO
every one The lacteal flow from the
Governments pap tickles their eplcurean
palates. and they hope by their assumed
sincerity and predictions OF better
times, 20 secure another lease on their
nositions this probably at the cost OF
such positions 70 the honest and ardent
free-silyer advocates But IL our silver
brethren are willing 10 be gulled and de-
frauded by such pretenders. we suppose
IL is no business OF ours. IL isn't out or
Mace. though. 10 call their attention 10
the tricks OF these gentlemen.-AleXan-
drla Times.
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
Sngnr Bounty Claims.

WASHINGTON. d. C.. July H.-Audi.
tor Baldwin to-day finished the compiling
of tho sugar bounty claims. They az
gregate 81. 0S5 1855.
There was appropriated 5000 900 10 pay
the bounty on this aggregate. The money
I'm hand viii pay 81 per cont. OF the claims
filed and allowed The statement made
"a few months ago that only 81 per cent.
would he paid was due to mistake I'm
confusing the per cent. OF bounty with
the aggregate OF the claims. The per
cent. II bounty was 6i-l00 OF per cent.
per pound on the sugar claims allowed
which with the protection allowed by law
makes up - per cent. or the claims filed
and allowed which viii be paid commence
ing about August LIST. next
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

II is very well TO De opposed to the free
coinage of silver without international
agreement. and IL is very well 10 be OPP
posed To any other measure that would
tend 10 impair the credit OF the United
States; but that is nos sufficient. We
may have the gold standard. and still We
may have very poor system III banking,
and a poor system OF banking means
hardship for the people. II the Republic
can party had any idea Of improving the
financial statutes OF the country while
maintaining the gold standard, 1t ough.
10 have said so. Since II has not said SO.
the people accept the currency plank as
offering no measure OF relief In time
like that through which We are now
passing. such an omission cannot be ae-
cidenfal, and IL "a not soothing TO the
popular mind-Norfolk Landmark.
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

BILLIARD, POOL, aud PIGEONUOLE IA
BLES, $500, upwards Best grades Billiard
cloth az sl2, SIS and sl7, for both Bed and Cush-
ions Cues, $3.50 per dozen and upwards. Best
Cue Tips, s5 cents per hundred. assorted sizes.
Composition Pool Balls guaranteed not 10
break in two years. 5000 per set.
The Dean composition Pool Ball, finest and
most perfect ball made stripes or numbers will
never wear of guaranteed not % break IN two
years Sl9 per set 4 full and complete line Bill
Hard and Pool Table supplies on hand. ONCE,
Bank. saloon and Drug store fixtures $50 and
upwards Counters. Showcases (f0r all pur-
poses). All sizes French Bowel Plate Mirrors 20
order; Church and Lodge Room Furniture;
stained Glass Windows for Churches and
Dwellings. &c. Beer-Pumps and Beer Draw
ing outfits complete, Restaurant and Hotel
RefrigerstOrs and Freezing Boxes.
Ny Billiard and Pool Tables are not sur.
passed By any other make Tor accuracy and
perfection. Ny Cushions sre the liyest and
most durable made. Tables OVerhauled, lev
eled. and put in perfect playing order. BOWL
ing Balls and Ten Pins. Bowling Alleys built
Ny prices are low. G. I. DEAN,
10 Governor street, Richmond. Va.
Write for catalogue. Out Of town orders VIII
have my prompt attention.
ie2-tu, Oh, su
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
CAUSES OF AGRICULTURAL DEPREs
Marion. Va, July q, 1896.


Editor OF Tho Times.
sIr.-Tor several years past farm pro-
ducts have commanded price al par with
or below the cost of production under
the operations OF gold standard.
VIII the adoption OF silver free coinage,
l5 10 |. improve these conditions and re-
lcve tho financial depression OF the farm
ersg II under neither OF the foregoing
financial policies relief 10 that class can
come. where can it be found, and what
are the causes of the continued low prices
OF farm products. II Is said that wise
men cannot answer but am. fool enough
10 ask these. trusting 10 your wisdom Tor
a full. clear. and unbiased answer.
Many of our farmers are hard put to
II 20 pay their taxes, and would like to
know the tr3,s cause Of these things and
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

Tom. Watson may now ask himself the
question that made him famous-Where-
am-I-at?
Sister Lease f. saii to have swallowed
her false teeth in the midst OF an elo-
qGcnt fight Of oratory in tho st. Louis
convention. ana now the sound OF the
grinding IS low.
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

Rut How VIII IT suit Their Running
Mares?

Relieving that the elective franchise
ana unfrfmmcled ballot are essential 10
a government Of for, and by the people,
fho Peoples party condemn the wholesale
system OF disfranchisement adopted III
.gmo states as un-Republican and un-
penocrqtic. and We declare II 20 be the
lufv of III several State legislatures 10
toko such action as will secure full
fr'e and lair ballot and an honest count.
sr Louis pOpulist Platform.
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

The Danyille Register congratulates the
Charlotte Observer on the latters grace
I'm eating crow. Both the Register ard
the Observer perform this not very agree
able ceremony very gracefully but the
Atlanta Journals gulp Is about the most
awkward that we have ever seen.-Nor-
folk Landmark
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
A Toucbtug Thought.

Mr. Sewall telegraphs to New YORK
paper that he was deeply touched" By
the cordality OF his reception when he
reached hone. Having a BARI. Mr.. Sewail
will doubtless be frequently touched!
befora NoyeMber.-panyiIle Registegx--
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28
s1lBlfA@r
(}>>!a}|a|g
GladnesS Comes

with a better understanding of the
w transient nature of the many phys
zeal ills. which vanish before proper eff
forts-gentle efforts-pleasant efforts
rightly directed. There is comfort in
the knowledge. that so many forms Of
sickness are not due to any actual dis
ease. but simply To corstipated condi-
ton of the system. which the pleasant
family laxative. Syrupo Figs. prompt
ly removes. That is why IL is the only
remedy with millionSof families, and is
everywhere esteemed SO highly by all
who value good health. Its beneficial
effects are due TO the fact. that it Is the
one remedy which promotes internal
cleanliness without facilitating the
organs on which it acts. 1t is therefore
ali important, in order to get its bcne-
fetal effects, 20 note when you pur-
chase, that you have the genuine artr
Gle. which is manufactured by the Cali
fornia Fig Syrup Co only and sold by
all reputable druggists.
If in the enjoyment of good health.
and the system is regular, laXatives or
other remedies are then not needed. IL
afflicted with any actual disease. ona
NAV be commended the most skiilfu.
physicians. but if in need of laxative
one should have the best, ana with the
well-informed everywhere, Syrup of
Figs stands highest and is most largely
Ned and gives most general satisfaction
ap26-su. tn. THY
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

While the Popullsts suffered for lack of
light In the convention, the supply OF
natural gas seemed limitless.
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

OF tho South. The second issue. which
is just out, contains several timely arti-
cles showing the evil effects Of free coin
age.
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

The New York Journal says Bryan Is
not a Populist, because he hasn't whis-
kers on his face. Does ne wear socks?
The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-28

The Financial and Commercial World. Of
Baltimore. is new and valuable publica-
tion. The publishers announce that IL
will DO devoted to-the financial interests,