davidaulloa/AmericanStories huggingface dataset:
The Saint Paul globe., 1896-08-01

he think 1T good idea to ask congress
to decide at it's next session II there
are enough freight cars in this coun-
try to carry its products to and fro,
and to order the construction of enough
more cars to bring the volume up to
the requirements of trade? Would he
think that congress was competent to
say how many doctors or lawyers are
required to minister to the needs of
our people, or to declare that there
should not be less than so many, elec-
trio lights per capita In the country
as a whole? AS a matter of fact, it
would be infinitely easier to ascertain
the proper number and proportions Of
these commodities than the requisite
amount OF money. The only way in
which the latter can be determined. or
ever adjust Itself rightly to business,
is by permitting demand and
supply to At themselves to each other
here as they must do everywhere else
where the wise course of nature is not
interfered with by misunderstanding
laws. If the agencies that deal with
money, and through which the demand
and supply of money make themselves
felt, could act freely, the volume of
money would adjust itself automatica1-
ly and beautifully to the needs of the
people; and this is what will happen
in the future age, when governments
shall cease to make forced loans by
legal tender acts and to interfere
rudely with the delicate and sensitive
mechanism of exchange.
In the meantime, while our question
is, of course, answered for those who,
like Mr.. Mcleod, agree with us that
the government can "create" no iota
of value, but only put out fat money,
which represents promises to pay, and
is strictly limited in quantity before de-
probation begins, it is not answered
from the point of view of those who
hold that a legislative act can make
value, or that the stamp is the value.
AS to the indirect creation Of
wealth by an artificial stimulation of
commercial activity, it is precisely like
stimulation of physical and mental
activities by the use of intoxicants.
The thing can be done The circulation
of the blood can be increased, the pulse
quickened and conditions vastly
changed by the use of alcohol. 1t does
not, however, create anything, even in
directly. The law of conservation Of
| on Id 40 ahA "a
slackened heartbeat and the mental
and physical lassitude that follow un-
natural and stimulated activity are no
more certain by the law of nature than
the corresponding effects in business,
commerce and finance which follow the
administering Of dose of fat money
panic.
The Saint Paul globe., 1896-08-01

Democratic party and its principles"
In exactly those words could he
couched the opinions, convictions and
resolutions OF these Democrats who are
at this time refusing tosvote for Mr..
Bryan or advocate his election. He
himself, with that felicitous command
of language for which he IS noted,
has supplied them with their vindica-
ton. They have nothing to urge
against him personally, but, "as nom-
inee of that convention" meaning the
convention at Chicago, and running
upon that platform" meaning the plat
form adopted at Chicago, they cannot
make an appeal" in Mr. Bryan's be-
half without giving the lie to all that
they have ever said and done in be-
half of the Democratic party and It's
principles" That is the way they size
Bryan sized it up in his own party in
his own state, when his own course Of
action was to be determined, only three
years ago.
There are boilers and bolters What
is sauce for the geese is certainly
sauce for the gander. Democrats
who have decided that they can
not, in accordance with their
view of the nations interests and
their idea of the traditional policy Of
the Democratic party, approve the
work done by the Chicago convention,
either in it's declaration of principle or
its selection of q candidate, can at
least say that no word of reproof is
due to them from Mr.. Bryan or his
friends He set them the example.
His mouth is stopped from one word
of criticism against a course of action
which he himself was the first to pur-
sue in the face Of personal entreaty
and party remonstrance.
The Saint Paul globe., 1896-08-01
FLAT AND REAL MONEY.
A Correspondent Discusses Actual
and Representative Value.

To the Editor of the Globe.
Please pardon this first intrusion OF
close reader of the ! o b for twelve years
past in an effort to answer the question you
ask ANYBODY in your editorial Of the 26th
inst commenting on a communication OF
R. j. Fassett. You ask If the government
can make money why it should not make
enough to give a million dolalrs to each cit
izen and so enrich all. Money Is of two
kinds-money Ct actual value and represent
ative value. If the government could By law
make the first kind it could enrich as you
suggest. but 1t cannot. The silver money OF
the land, as its actual value is measured in
gold is made OF bullion worth about 56 cents.
and the rest of each dollar is as clear case
of fat money as can be imagined.
The silver dollar Is now then partly fat.
About the power Of a strong government to
issue and force into circulation q money
partly or purely fat there can be no doubt.
It's ACCESSIBILITY, however. Is entirely another
question. Various countries today, notably
Brazil and the Austrian empire haye a cur
rent volume OF circulating irredemable paper
money The value OF such money depends
on three things. the stability of the govern
ment issuing It, its volume and the diff
Guilty of counferfeiting. The only excuse
can see fer an Issue OF such money is the In
ability OF the government to provide sufii-
cient volume OF better money. The ideal
money Is that In which the represented
value agrees exactly with the actual value of
tbs material constituting 1t, provided, how
ever that the volume current in the country
is sufficient for The business needs of such a
country.
II any money at all be needed for the trans
action OF the business OF a specific country
land I think ths ehsck and draft theorists do
The Saint Paul globe., 1896-08-01

They VIII Show st. Paul to Visit
Ing Brethren.

The general committee recently ap-
pointed by local Knights Of Pythias to
prepare for the entertainment Of the
visiting brethren during the coming
encampment CT the Grand Army, which
chances to be simultaneous with the
Pythian gathering In the sister city,
met last night at pythian hall and
discussed he details of the entertain
ment. 1t has been arranged that each
of these gatherings shall leave a date
open, and on that date the delegates
to one shall witness the parades and
maneuvers Of the other.
The st. Paul end of the entertain
ment of the knights has been taken
up enthusiastically and at last nights
meeting the following committees were
appointed to look after every detail:
General Committee-Geo w. Walsh. A.
J.. Stobbard, X. B. Hamilton, F. E. Florida,
w. A. Grier, ]. E. King, S. S. Fenley, Jno
Thirldwell H. stern6erg, H G; Boisen, D. Q.
Melville J. S. KimbelL w. H. Angel, l.
Pavien
Finances. e. Foreman, ]. B. weiden-
borner, ]. Roekstroh, K. 3. Hamilton, R B.
Maybeli. c. E. Chapel, D. C. Jones, w. n.
Angel.
Decorations-L. Waters. w. Church, L. N.
Beyins, r. c. Newinschwander G. w. Mel
Vile, JEo. Logerman, w. L. Donnelly, F. W.
Storms.
Entertainment-J. B. weidenborner, Geo.
W. Merrill, e. H. Miiham, D. G. Jones Dr.
keam, J. s. Kimbali, Henry Smith, A. j.
Badges-M. E. Murray, A. ]. stobbart. I.
Waters, J. +. Angel. A. d. Bletcher, d. 9.
Jones, @. w. Melville. Fl. w. Kelsch.
Press-R- r. Eldridge. e. N Hazzard n.
r. Davis. -
The local lodges win erect an arch
at some conspicuous place In q down
street in which the embiens OF the or
der will be displayed, and the arch ana
halls Of the lodges will be decorated
In gala attire for the occasion.
The Saint Paul globe., 1896-08-01

money. Not to discuss the possibilities OF
creult, 40 you mean to deny that under the
same eondftions double amount or credit
would not rest upon double amount OF real
money? To do so it seems to nae is to
mind.
yeu also belittle the effects Of the act of 1878.
Is II not faet that prior to that act a
debtor had the whole amount OF gold and
silver IN the world TO draw upon to pay his
debt with? ISIit not fact that today he
Yours respectfully, =.
The writer is again reminded that
there is no fsproyision" for redeeming
silver dollars ina gold or in anything
else. They are unlimited legal tender,
just as they stand, Greenbacks and ma
tional bank notes call for redemption
in something else Silver dollars do
not. Therefore. they must be part OF
the primary money that seems SC
important toe our correspondent.
Certainly. the amount of credit does
not need to vary, with the amount OF
money; for many credit instru-
ments are not based upon money
at all, but. upon commodities
and other forms of wealth. The
total clearing house exchanges in the
United States were $50, ,8S3, ,572, 43s in 1885,
and SAG, OPS. .4s6,74s in 1894. There was
certainly no more money in the coun-
try in 1892 than in 1894. Yet the tran
sactions measured by these credit in
struments were larger by the tremen-
dous difference of nearly $4,000, 100000
We repeat that the act of 1873 was
but one item of a series of Legislative
changes over most Of the world. AS
far as the United States is concerned
a debtor certainly has all the money te
draw against that there was ir
1873, for none then existing has been re-
tired, and he has also $429 200, 900 Of sill
yer that we alone have coined since thai
date. What he actually pays his debt
with, however, is commodities ex.
changed or service rendered.
The Saint Paul globe., 1896-08-01

not yet deny this, 1t is but logical to pre-
sumo that specific volume bearing certain
definite relative ratio to the population and
business OF such country will answer the
purpose better than either a larger or smaller
volume more advanced stage of the sci
ence of political economy will no doubt
clearly ascertain what the relative volume is
IL gold and silver should both ever become
insufficient to supply this ideal volume OF
money we can easily then imagine case
where fiat money could come to the rescue.
But to revert to the precise point of your
cuestion: Congress can by its enactments
create no specific value, neither a grain OF
wheat nor dram OF silver. Neither can 1t
create money having actual value. but 1t can
create money having representative value
only.
Could 1t create actual value money II
might then enrich the nation its citizens
as you suggest. II 1t be fact that the vol
ume of actual money is deficient in nation
so that It's commerce and business languishes,
the representative or pure fiat money might
raise the value of all money to such de-
gree as to stimulate and facilitate general
business. In this manner it might create
wealth indirectly in nation. But when the
ideal volume suited to the best results was
reached its power In even this indirect man
ner Of creating wealth would end.
This disposes of the power of congress to
enrich the nation. Furthermore supply OF
fiat money, pure, would require reasonable
limit to maintain even it's representative
value. Congress might give a portion of
such an issue direct to some individuals and
It could without doubt enrich them but 1t
would be only at the expense of the other
citizens, and hence an injustice. IL given
! in equal sums to every citizen no one would
be enriched one iota, the money is with
out actual value, and Its exchange value
would not carry 1t, but temporarily be-
| yond the confines of the government, whose
legal tender law supported it. If such a
| money could be circulated in outside ma
tions till there lost or destroyed the country
! issuing 1t would be enriched to the amount
of the money so destroyed or lost. But per-
nianent outside circulation is feat never to
| be expected of money even partially fiat.
/ believe have answered your question. Re-
! spectfully W +. Mcleod.
p. S.-By the words value" l have no.
where meant a value absolutely unvarying
! | know nothing on earth having this quality,
! though silver and gold seem to somewhat
| approach It,
| Redwood Falls, July 28, 1886.
The Saint Paul globe., 1896-08-01
Carver Is Not for Bryan.

Tc the Editor of the Globe.
]. w. Craven, in his last article to the
G o b e, among other things, says that
Scott, Carver and other counties are ratify-
ing the Chicago convention. Now l would
like to know by what grounds Mr.. Craven
can say that Carver county is doing so. Il
seems he believes that when dozen vii
lage people (no farmers) meet together ant
indorse the Chicago convention that the 3,5O(
voters in the county must do SO also There.
fore, Mr.. Craven should wait and see first II
the majority Of the Carver county voters arr
willing to ratify the 53-cent silver dollar be-
fore he attempts to set our people In false
light. This says A True Democrat
Chaska, July 81, 1896.
The Saint Paul globe., 1896-08-01
spRlMARYv MONEY AGAIN.

To the Editor of the Globe.
In the face of the fact that the $429 600 600
of silver is only money by the provision OF
the government to redeem 1t in gold. and
the fact that It can only be obtained from
the government by the payment Of gold or
its equivalent. you persist in saying that 1t
Is money-in the sense of primary money
real money or redemption money With the
same reasoning United States notes can be
called money; next national bank notes can
be called money; going stiH further certified
checks can be called money. Let your read
ers get at the fact that the emily real money
Ia the United States today is gold In an
swering my questions July 70. yoa speak
slightingiy of the effect Of ths quantity Of real
The Saint Paul globe., 1896-08-01
INSPECTED THE FORTS.
Gen. Brooke Returns From a Trip
Out West.

Gen. John r. Brooke, u. S. A. COM
manding the department of the Dakota,
arrived home yesterday after a trip
through the territory embraced in the
department. The general visited each
post under his command and held the
annual inspection.
There is nothing at all interesting in
the trip" said he last evening THE
inspections are made yearly, and while
Of more less Importance to the war de-
partment have no interest whatever to
the civilian. Nothing transplred on
the trip out of the ordinary We hold
a similar inspection at Smelling next
week, and that will complete the list"
Gen. Brooke declined to discuss poiitf-
cal matters saying that he had been
out of the city for weeks and was not
in touch with the situation.
The Saint Paul globe., 1896-08-01
BREAK FOR LIBERTY.
Louis SandeH Gives the Police a
Needless Chase.

Louis Sandell was arrested yesterday
noon on warrant charging him with
assault and battery and non support
The complaining witness in both cases
was his wife who told the police that
her husband did not work and lived on
what she made by washing and doing
housework. Not satisfied with this easy
kind of life, he abused and beat her.
SandeH was arrested by Patrolman
Tally and taken to the central station.
While he was being booked Sandell
watched his opportunity and skipped.
Lieut.. Pothen and Officer Tally gave
chase and after a short sprint the
prisoner was captured. After he had
been taken to a cell, Lieut.. Pothen dis
covered that in the capture he had
broken the little finger of his left hand
and as a result wonld have to go with
his hand in sling for several days
Sandell was not much disfgured
The Saint Paul globe., 1896-08-01
THE SURPRISED. MIR. REED.

During the early spring months,
when Mr.. Mckinley was keeping his
mouth closed with a firmness that de-
fed the efforts Of the most expert in
terviewer to ascertain his coin
age views, Mr.. Thomas B. Reed was
also nursing presidential boom away
up in the recesses Of the dark pine for
ests of Maine. 1t was suspected that,
more adroit than was his Ohio COM
petitor, he had taken this refuge to get
away from the men who would want
to know, you know" His speech, now
that his boom is but a faded pansy,
suggests that either Mr.. Reed has been
longer in the woods than was thought,
or that he found somewhere there an
other pool of Lethe, in which he bathed
and came out with memories of the
past obliterated, so far, at least, as
those memories relate to any question
Of the coinage Of silver.
Coming out Of the woods he expresses
his amazement at the changed condi-
tions. Only two short months ago no
one of sane mind and disposing mem
ory would have doubted for moment
Republican victory. Now, implicitly,
1t Is very much in doubt. Just two
short months, hardly time to ripen a
strawberry and the situation is en-
tirely changed. Unless the hypothesis
above stated is error, Mr.. Reed is af-
fecting a surprise he cannot feel, as
Stunning a suddenness of conditions that
he knows well is not sudden In it's orr
gin. Effects In politics, as in every
thing else, have long tap roots; the
causes run back in the legislation-and
it's effects-of many years. Mr.. Reed was
speaker of the Fifty-frst congress, that
passed the compromise Sherman bill.
He had been member in preceding
congresses, hardly one Of which passed
without the Introduction and passage,
in one or the other house, of a free
coinage bill He was member of a
party whose national conventions had
dallied with the question, studying
words and phrases that the expression
and deceptive. He himself had pro-
posed that the tariff be made weap-
on to coerce England into consenting
to free coinage of silver.
Back in 1877, when Bland Of
fered his first free coinage bill,
in 1873, when Republican con-
gress began it's campaign of COM
promises, the causes Of this change,
whose appearance Mr.. Reed affects to
regard as sudden" find their begin
nings Back further than that, to the
act Of 1862. when the same party be-
gan, apologetical1y, to contend that the
government could make money, and
to the Fort bill OF 1878, when it for
mally adopted the policy as a perma-
nent one. Mr.. Reed is hardly sincere in
assuming surprise, or in saying that
the change is a sudden one 1t has
merely come to a head, and whatever
credit there is of bringing it to a head
belongs to his party, when, at st.
Louis, it threw off all further disguise
and for the first time in it's history
frankly avowed its purpose That was
the match to the tinder. The long sup
pressed, retarded causes burst into ef-
feet. For years Mr.. Reeds party has
been sowing the wind, and its mem.
bers should not be or affect to be
astonished now that they are reaping
the whirlwind.
The Saint Paul globe., 1896-08-01
MISS .MEe1sx,s. REMArxs
Brought to ST. Paul and VIII be
Inferred T0daE.

The funeral services OF the late Win
ME NJ Meginn will be held from ST.
Mary's church this afternoon at 3
O'Clock The remains arrived in St
Paul yesterday morning and were at
first taken TO the rooms OF O'Halloran
& Murphy. When the parents of the
young woman arrived In the afternoon
from Kansas City. the body was
taken TO the residence of W. L. Anes,
at 1878 saltwater avenue from which
place they viii be taken TO the church,
this afternoon ct o'clock.
The Saint Paul globe., 1896-08-01
F1REMEN SHARE PREMIUMS.
Distribution Is Made Of the Tax ON
Fire Insurance.

State Auditor Dunn yesterday for
warded to the custodians Of the vari-
Gus fire departments and relief funds,
their shares Of the premiums paid to
insurance companies in the respective
towns and cities. Minneapolis leads St
Paul by about $4,000, Duluth, Winona
and Saltwater following the Twin
Cities in the order named. The various
departments will be benefited as fol-
The Saint Paul globe., 1896-08-01
Total .S34. .533 61


These sums include the retaliatory
tax on Wisconsin companies which does
not go to the relief associations Where
there are no relief associations the pre-
mium tax goes to the department main
tenance fund.
The Saint Paul globe., 1896-08-01

Address all letters and kilograms to
THE GLOBE, St. Paul. Mimi.
EASTERN ADVERTISING OFFICE, ROOM
4o1. TEMPLE COURT BUILDING, NEW
YORK.
WASHINGTON BUREAU. 14O5 F ST N w.
Complete files of the G 0 b e always kept
on hand for reference.
The Saint Paul globe., 1896-08-01
WEATHER FOR TODAY.

WASHINGTON July 31.-Forecast for Sat
urday: Minnesota-Fair in northern portion;
showers followed by fair in southern portion;
variable winds.
Wisconsin-Showers; brisk southeasterly
winds.
The Dakotas-Generally fair; variable winds.
Montana-Fair; southwesterly wins.
III led A nc
The Saint Paul globe., 1896-08-01
Cars Every Tive Minates.

The street railway company will put en aa
extra service today to carry the people to
the bicycle races at the state fair gFeuRds.
Cars will run every tive minutes. e1.
The Saint Paul globe., 1896-08-01
REED MAY COME HERE.
The Gear VIII Probably Speak I'm
Minnesota,

Chairman Eli Warner. of the Repub-
lican state central committee, .yestar-
day received an intinaation that Tho1a-
as b. Reed might make an address -ir.
Minnesota in support of thu RenI,hJt-
can ticket No date. however. was
given.
The Saint Paul globe., 1896-08-01
THE FIGURES.

To the Editor Of the Globe.
Please state whether the revenue now pro-
duced to the government under the 'sWil-
son" tariff is or is not greater than under the
last two years of the Mckinley bill.' Also
state your authority. Very truly yours,
E. F. Barrett.
LIE Sueur, Mimi, July 80, 1896.
The so-called Wilson bill, being the
law now in force, went into effect Aug.
l. 1894, as to it's general provisions.
The fiscal year of the United States
ends July 80. Therefore the years 1893
and 1894 were the last two Of the op-
Grafton Of the Mckinley act. The fig
ures below are from the Statistical Alb
stract, an official publication Of the
United States government:
The Saint Paul globe., 1896-08-01
TEMPERATURES.
DAILY MEANS.

Barometer, 3O05; relative humidity, rs;
weather, cloudy; maximum thermometer, 72;
minimum thermometer, 62; daily range, 10:
amount of rainfall or melted snow in last "a
hours, 20; thermometer, 81; wind, northeast.
RIVER AT A. NJ.
The Saint Paul globe., 1896-08-01
SUBSCRIPTION RATES.
Payable in Advance.

Daily and Sunday, per Month 80
Daily and Sunday, Six Months S2.75
Daily and Sunday, One Year $500
The Saint Paul globe., 1896-08-01

Sunday OuIy, One Year ---- Z
The Saint Paul globe., 1896-08-01

Daily Only, per Month ---- 40
Daily Only, SIX Months $2.2S
DaNy Only, One Year $4.OO
The Saint Paul globe., 1896-08-01

Weekly, One Year s1.ot
The daily morning journal and courier., 1896-11-24
NEW ARUS COlUPJNY.
A New York Concern Said to Have Pur.
 chased Half Interest in Winche ster Co

New York Concern Said to Have Pur-
 chased a Half Interest in Winch ster Co.
 New York Nov 23.-It is announced that Hartley & Graham, No 313 Broad way, this city, manufacturers of the. Remington rifle and the Remington bi- cycle, recently purchased a half interest in the concern owned by the Winches- ter Repeating Arms company, and are now proprietors of the various factories for the turning out of rifles, ammuni- ton, etc, both in this state and Con- necticut,
 The new company is composed of Marcellus Hartley, president; Malcolm Graham, vice president; w. J. Bruff secretary; and Wilfred Hartley, treas urer. Its capital is $300,000 and it's plant is worth several millions. The Remington works in Ilion, N. Y, keep 1,200 hands in steady employment. It is contemplated to remove the works to Bridgeport, Conn.,, where they will be more lightly taxed and can obtain cheaper labor.
 The company has furnished the Gu bans with 35,000 rifles and millions of rounds of ammunition. It is the Iarg- est establishment of the kind in the country.