Daily capital journal. (Salem, Or.) 1896-1899, 1896-10-24

reauired to take out license Win
the condition that IL be revoked II
they don't vote for a high tariff.
SOME QUESTIONS.
John Wanfman, young German
Turner, from near Hubbard, asked
how we could keep gold in circula
tion, IL it.went TO premium, when
prior to 1873, the silver dollar bad
gone out of circulation when 1t had
been at slight premium OFF, or
cents?
The answer was that under free
coinage and full monetary privileges
for both metals gold and silver bull
lion in the Londcn market from 1900
to 1873, had not varied in value more
than one or two percent at the ratio
OF l54 to 1, but after decentralization
in 1873, the two metals parted COM
pany and up to 1895, gold had appre-
ciated in purchasing power ITO per-
cent in the London market. A restora'
tion ofsthe law and monetary condi.
tions of 1873, would restore the values
that prevailed then. While free coi0-
age might not keep both bullion
metals exactly at a parity, free coin
age would prevent dumping our
d ,monetlzed silver bullion on the
markets of the world to buy cheap
farm products with to keep down our
prices.
Geo, Atkins, OF Needy, asked how
the ratio of silver could 0e maintained
by law, when the ratio of production
had varied so greatly. 1t was shown
that the ratio of production had borne
no relation to the ratio of coinage, or
ratio OF value. 1t was shown that
the ratio of silver production to gold
had varied from 80 to dowE to 46 to
in the years 1850 to 1886, and for 250
years, the coinage ratio had been IA to
l, Is to /, and l6 to !. The none
tary value bore no relation to the
supply and demand. 1t was fixed by
law in the past aud would be in the
future.
VIM Thompson, of Needy, asked
the speaker to state how much coined
silver we had prior to 1873 and how
much since. 1t was shown that be-
fore 1873 sS,OOO,OOO silver dollars were
coined, S135, 10000 fractional silver,
and besides the law and custom-made
Spanish, Mexican, French and Portu-
gese coins legal tender, and that in all
we had between two or three hundred
millions of silver full legal tender
primary money. The amount of sill
yer coined or issued since then is three
or four hundred million, but under
the gold standard it is not primary
money. it-i
SOMETHING ABOUT NEEDYTTEs.
Needy will soon have new town
hall, built by Mr.. Kaufman, the
blacksmith, that will hold 400 to 500
people. This precinct has large bee
keeper in the person of Dan Kauf-
man, who has 100 stands of bees in the
Cascade mountains, and seventy
stands here at home. This precinct
has been the Republican stronghold
of this county, but the silver men
here are hard workers and have strong
accessions from the Republican ranks
and will hold the goldbugs down
nearly level. Fair weather or foul on
election dayi the vote will be out.
Walter Noblet, Needy Ed. kinney,
and f. NJ. Matthews, of Macksburg;
Geo. Oglesby, Needy; John Sparr, Jr,,
Needy; Ed. Miller, Needy: are some
of the best workers for Bryan and free
coinage here, A. Moutan, Jacob
Miller and Isaac Miller, of Needy, are
also enthusiastic Bryan men. Mrs.
Walter Noblet extended hospitalities
to the traveller and China pheasant
was sacrificed for breakfast and served
up with hot biscuit and delicious cof.
fee, good enough to delight the heart
of the most fastidious goldbug.
SHOWED HIS BRISTLEs.
At the close OF the Needy meeting
young goldbug showed the bristles
on his back by arising and demanding
in permptory tones that the oil that
had been burned In the one lamp IL
| I,,n,inatfner fha cehOOlhOuSa ha maid