New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1896-06-03


providing his he arse is used at the fun
eral. That comes the nearest to being
an incentive to die that has yet come un
der our notice.
Gen. E. NJ. Pope of Mankato woult
be good man for the silver forces
to unite upon for congress in the Sec
ond district. He is a man of distin.
guished ability, a close and intelligent
student of economic questions, has clean
personal record and is immensely popu-
lar IN the great pivotal county of Blue
Earth. Besides all this he has had ex-
tensive experience in legislative capac-
lty and performed we'll and bravely his
full duty on the field of battle in the
hour of his country's peril. Although
he has generally affiliated with the dem
ocratic party he is extremely liberal in
his views and not unfrequently throws of
the party harness when by so doing he
can subserve the cause CT the people as
against monopolles. If the republican
congressional platform is constructed on
a gold foundation Gen. Pope would, as
champion of silver, make it exceeding
ly interesting for either Somerville or
McCleary.-- 1t. Gov. Day in Fairmont
Sentinel.
James J. Hill is quoted by the Mime
.apolis Times and other gold bug papers
as saying:
"Japan, a silver country, is already
competing with us in a way that would
ruin our manufactures in time. They
are invading our clothing business and
they are good tailors, too. Go into a
drug store; you will find good Amer1-
can or English tooth brush for perhaps
% or 80 cents, while you can buy ia
panese brush for cents. The Japanese
are laying down IN San Francisco good
bicycle at $40. These are examples Of
the conditions which lead me to believe
that period of great depression for
manufacturing interests is before u.s."
Unconsciously, perhaps, Mr.. Hill pre-.
sents in this paragraph an argument in
favor of the free coinage of silver in the
United States. The gold standard here
operates as a prohibitive tariff, as it
makes our products so dear that the ia
panese cannot buy them. This stimu-
lates home industries in Japan, and with
their cheap labor they can beat lis at
our own tricks. If the stock arguments
of gold bugs were true, the silver stand
ard would SO cripple the japanese that
they could do nothing, but here they are
flooding America with the products Of
their skill and industry. Moorhea6
News.
Hon. Moreton Frewen, the great Eng
llsh financial writer, in a letter to Hon
ItlCudIQ L. blanQ says:
A fortnight since attended a none
tary conference at Brussels, and I was
much struck by the unanimity of the re-
cognition there, that those nations which
are, in Mr.. Gladstone's phrase, the "cred
itor nations are likely to concede as lit
tie as possible. The general op1nior
here in financial circles is that the Uni
ted States is well able to pay the inter
est on her foreign debt, even should the
price of wheat, cotton and your othe,
staple exports fall much lower still anc
further that If for few years to come
you are to be obliged to borrow tina
gold interest from creditor England
which you owe her, all the better for the
creditor. Money being mere drue
here at the present time, the creditor
will be happy to oblige you For while
you borrow at something over three pei
cent, our consolidated II per cent. bonds
are now costing our investors 113.
Your entire financial difficulty is il
this: You cannot maintain sufficient
balance of exports over imports to pay
the three hundred million which you re-
quire t. meet the interest on your
foreign loans, the enormous expen.
ditures of your tourists and residents il
European the freigLts you pay to Brit
ish ships. This is difficulty not at al
confined to your community it is toda,
the case of all debtor communities. II
Australia, where 1 was travelling recent
ly, found that the trouble is far NOR,
serious than with you. Our colonist
;hele are required to pay nearly seventy
five million dollars of interest yearly tt
England on the loans. they have made
here. They make this payment chief,
by their huge exports of wool: the price
of wool having fallen fifty per cent.
TWO million bales are now required tc