The record-union., 1896-10-12

ship to foreign countries billions of dol
lars worth Of bullion, which would re
suit in opening new mines and giving
employment to thousands Of idle men
Somebody in the audience remarked
that this was a ''clincher," and it GER
tainly would have been if the doctor
had favored his hearers with some ex-
PLANTATION as to just how this dream
would be realized. Our present ratio is
16 to l and why don't we ship a few
billions of silver to China now? By
what occult process will opening our
Mints to the silver of the world create
demand for billions Of bullion in
China, Japan and India?
CAMPAIGN FALSEHOODS.
Los Angeles Express: AS the cam
paign excitement becomes more intense
the campaign falsehood becomes more
conspicuous. Every voter of mature
years will remember the cruel and ma
lignant falsehoods that were sprung
upon Garfield during the last days of
that exciting canvass They were run
to earth before they had secured his
defeat. But he probably lost some
thousands of votes by these campaign
lies.
In the present canvass these cam
paign fctions have not yet become of
personal character; although the one
which reported that Hanna had con-
ceded Ohio to Bryan came very near
this border line, and thus far may be
set down as the largest campaign false
mood OF the season. All the stunning
reports about the tidal wave for Bryan
are made to order. 1t is an old and
crooked device which is made to do
duty on the eve of a Presidential cleo
tlon, and which ought to be less ef-
fective this year than ever
LIKE TO KNOW.
Alameda Telegram: 1t would be in
structlve to know where Mr.. Bryan ac-
quired his reputation as an orator.
Hitherto his speeches as reported are
essentially commonplace and have none
OF the splendid qualities that charac-
terlzed the utterances of Colonel Baker.
or s. S. Prentiss or Rufus Choate. In
that respect he is inferior to John p
irish SO far as we have read, his only
expression displaying any rhetorical
brilliancy was in reference to a certain
crown or thorns and a cross Of gold,
and that Is said to have been borrowed
ana mas been worked over until it be-
came unmarketable Mr.. Bryan is
unquestlonably a valuable and inter-
minable talker, and the same may be
said Of young crow.
GATOR.
Santa Cruz Sentinel: There IS no
dodg1ng the conclusion that every man
VINO votes for the Democratic-Popu-
iistlc nominees for the State Senate and
Assembly, votes for T. v. Gator for the
United States Senate. The Populist
nominees are pledged to SO vote, and
the Democratic nominees are too willy
20 deny or admit the fact that they will
vote for him. They know that if they
admit they are for Gator they are
doomed. and that If they deny it the
Populists will snow them under. Gator
is for free trade and free silver, and for
Office.
THE REPUDIATORS.
Kern Echo: When contemporary
political history is written the Demo-
cratic party will be known as the party
of regulations. Within the past ten
years 1t has on two occasions induced
the people by false promises to repudi-
ate the prosperity of protection for iIlu-
sions of free silver, by which it offers
the anarchist element Of society the
chance Of repudiating half the honest
debts of the American pepole. It Is very
apparent that there is no acrobatic feat
in the science Of government that the
Democrats are not capable Of.
A LESSON FROM EXPERIENCE.
Riverside Press: When the silver
purchase Act Of 1878 was passed, it was
the expectation Of the friends Of silver
that the monthly purchase of from two
to four million dollars worth Of Ameri-
can silver would absorb the product of
the mines of this country and maintain
the price of silver at about 81 20 per
ounce, the price needed to keep it at a
parity with gold at the ratio Of 16 to /.
The result was disappointing. The out
put Of silver increased faster than the
demand, and the price steadily went
down.
In 1890 the second purchase Act was
passed, directing the purchase Of 4,5OO.-
600 ounces per month. While this bill
was pending, on June 13, 1890, Senator
Stewart Of Nevada said in a speech be-
fore the Senate:
600, 600 worth per month it would place
silver so nearly on a parity with gold
upon the ratio Of 16 to / that everybody
would be willing to take the final step,
that all would say there was no danger.
l think 4, 500, 900 ounces a month would
certainly put silver to par"
Did that prediction prove true? Here
is the bullion value of the silver dollar
during the time this law was in force,
up to it's repeal during the panic of 1893:
1890 93 cents: 1891, SO cents; 1892, "A
cents; 1898, 60 cents.
In the face of monthly purchase of
800 900 ounces of silver by the Gov
ernment, the price Of silver bullion fell
in three years so that the value of a dol
lar decreased nearly 80 cents. The Gov
ernment purchased under the laws of
1878 and 1890 a quantity of silver, 41O,-
21O, 900 ounces, which cost $464. PIC, 900,
and is now worth S30S 164, 900. Here
was a loss of S156, ,O46, 900 caused by an
attempt to extend the usefulness" of
silver.
This is experience, not theory and
there is certainly nothing in this ex-
perience to justify the claims Of the sill
yer men that free coinage will keep sill
yer at par.
1T HIT BARLEY.
Visalia Delta: Under the last year Of
the Mckinley tariff the exports Of
American barley amounted to 5,219, ,4O5
bushels, and in the succeeding year un
der the Wilson German tariff the barley
exports fell to 1853, 754 bushels. At
the same time our imports of barley
increased from 791 ,O61 bushels in the
last Mckinley year to 2,116,S16 bushels
in the first year Of the Democratic tar
iff 1t is still argued that a protective
tariff does not protect the producer But
here we see how the Wilson, German
law cut the barley producers both ways