The Providence news. (Providence [R.I.]) 1891-1906, 1896-09-05

lHis oA<Ah&h III fOh ~ Htsffs
In the language of the eminent Or.
NEWMAN trouble does not lie cpon the
surface but in the depths. Proyer biaIly
appearances are dec eitful and handsom,
is as handsome does. The music OF th,
dinner gong is not true index of the
boarding house dinner.
The silyerite orator may make golden
promises but we do not know that
they can be kept. No eioquence is more
appealing than that OF the bunco steerer.
Things are not what they seem TO be
but what they are. All is not gold that
glitters and figures can be made to lie
like tombstone or a gas meter. We
chase rainbows and eagerly pursue will
'o-the-wisps. Fantastic shadows fasci-
nate us, ana il we did not know pigs we
might be led TO believe they could fly.
Billy BRYAN reiterases that prices
have fallen since 1873 because silver was
demonetized in 1873.
Everybody knows that silver whic h
had not been coined was dropped from the
coinage in 1s73-call il "demonetIzod, "
il you please, or "erime," or any.
thing else. Every body knows that prices
began TO fall in 1873. But when anybody y
undertakes to tell you that the latter con-
dition was the cause of the former. don't
you believe IT without looking into it.
Beneath ths fairest peanut she'll you may
find worm in the peanut meat. Remem-
Der your Euclid and demand a demon.
stration of the cause and effect.
jim WAYBAcK's 8 roam mare died of collie
one night, and tine following day JIM's
house caught fire and was burned to the
ground. JIM might have said the FIRE
was due to the fact that the horse died
of collie, but, on the other hand, his
neigbbors might assert that IL was be.
cause OF sizabie insurance placedon the
house the week before.
1t is not always easy to trace cause ana
effect. and we are prone to accept
condolences as cause and effect. The
silver dollar was dropped from the
coinage in 1873 and prices began to fal
that same year. That was a coincidence,
1t remains TO be seen whether it was a
case OF cause and effect.
Plainly though. it was not. BILLY
BRYAN can't provo 1t, though ! old BILL
JONES were alive may be he could. Lots
of things in this world that are now
obscure would be cleared up II old BILL
JONES had only stayed alive.
1t is hard to reason with a man that
jumps at conclusions and BILLY BRYAN
ia a record breaker as jumper to conclu-
sions. Before you can reason With such
a man you have to waste time bringing
him back from the conclusions he has
jumped TO SO as to start fair with all the
debaters at scratch. Fortunately We have
something authentic on this fall OF prices
fact. The Unit ed States Senate
finance COMMITTEES investigated the matter
in 1892. They investigated throug h
the years as far back ns 1910. The
money of the country was then on gold
basis for all 16 to l double STANDARD law.
No silver circulated for the simple rea-
son that there was no demand for IT. For
at Ieas. 80 years prior TO 1873 hardly any
body had ever seen silver dollar. 1t was
nearly as scarce as the proverblal teet h
OF the hen. In 1910 prices were high for
ali the absence OF the silver dollar. Tho
war OF the Rebellion sent them up
higher, TO be sure, and Immediately fol-
lowing the war, speculation and the nat.
ural noom OF renewed peace kept Things
inflated. In 1879, came a panic and
big slump in prices and they have been
going up and going down at intervals since
then for various reasons. But the "de.
monetization" of piece OF silver
that was actually not being
coined at the time had
nothing to do with the case. Nobody
ever said 1t had up to within few
months. Nobody limited at such a notion
at the time OF the "crime." As matter
OF fact since 1879 we have been coining
silver dollars at furious rate, but prices
have not gone up Ms they ought to IL the
dropping OF the coinage in the statute OF
1873 sent them down. As a matter of fact
a good many prices have gone up since
lS73-the price OF labor for instance. We