The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1896-07-11


klipWns rs llar.
I,ureMent rs an abst Iactt naa.ss .ss
lsaiSag This IN sttllless two
d
81 mai tsr iinh horn Of lie dIss
1.-THE goldite takes VII ether it is th
has apprseiated Sof itself, by the
Iationss Of hose who eontrols The
Iexistence, or hat the prod llcts have iH
preciated Of themselYe BIZ nature ~ spe-l
eiai causes, the one imp Etants Act re-
mains. that the purchasing power sof gold
is greatly enhanced, Il nat the shold ersaJ
golaabonds can aud do exact dou Bile the
amount Of products that would have been
required to discharge an obi lon 20
years ago. ss I 81 n }s#s1i
As an example ca corporation WAS
formed in Boston some years ago to
chase and sell Western lands and more
particularly to make loans Of Western
farm properties. After acquiring certain
holdings in certain projects. this corpora
ton issued gold bonds, the bond being
held largely by the Individual members
Of the corporation. Through comb
ton of conditions among the foremost Of
which is a concentration of the basis of
the currency, prices of all products have
decreased practically so per cent In
order to pay, his interest to this corpora
ton the farmer must sell two bushels of
wheat where he formerly sold one II,
at the end Of a years toll he would or
dinarily have a net result Of 2, 900 bushes
after paying all farming expenditures,
and, 1,0o0 bushels would be sufficient to.
discharge his interest and other monetary
obligations, he now is obliged to hand
over the entire 1000 bushels, and Jingle
only horse shoe nails in his pockets all
winter, and he must do this so that the
interest on the gold bonds may be
promptly paid to the hardworking gen
tlemen who own them, or there will be a
failing off in the purchase OF titled in1be-
Giles for silly daughters and the steam
yacht business will have a set back.
either Of which would be very serious
matter with the man who begins hts
trudge in the furrow at o'clock in the
morning, and completes the days amnse-
ment splitting wood by lantern light.
In the discussion Of the financial ques-
S.
ton, no one cares what the condition Of
the peasantry Of Mexico or Japan, i or
China is. 1t certainly ia not so bad as
the condition of the peasantry of gold
standard European nations. What we do
care about is to see that there shall be
no peasantry of any kind in America.
II. Il &c..
If there must be tangible basis of in
trinsic value for currency, the people
should have what they desire, whethersit
Of them together.
Gold monometallists maintain that If
extensive government purchases of silver
did bring the product up to a market val
lie analogous to the 16 to / ratio, the in
creased value would be a fictitious one.
Why does not the same law apply to the
purchase and exclusive use of gold?
The spell binders and the scribes of
all political hues are prone to charge
those disa greeting with them with dis
counting and dishonoring the teachings
Of the founders of the party 1t is we'll
to remember, that even Jefferson, u ack-
son, Hamilton, Monroe and all the rest
were men, simply men. Men who;: how
ever illustrious and W Sc, might have been
entirely sound and right upon: one prop
osition, and entirely unsound and wrong
upon another, and even their wisdom IN
temporal and polite affairs does not
necessarily abide forever. t IS . 5.=a5 n
s'.r% i5,Ss = y !sa.5s
A radically thoughtful man is crank
in his own: generation, a wise man to the
generation that follows him, and a ti1nid
temporizer thereafter. Hence no man
need be afraid to advance from the stand
ard of his ancestry, even if he y obliged
to cut loose entirely from the traditions
founders" &* s ~
The Tribune rolls under its tongue as
choice mcrsel the statement of Mrs.
Potter Palmer to the effect that Minister
Bayard appears at court functions abroad
in knee breaches, and along with other
newspapers promulgated BY the .parttysoff
high moral ideas" employs this trivial.
matter in "a dishonest way to reflect upon
Mr.. Bayard. OF course Mr.. Bayard APP
pears in knee brooches. So doesseveryee
other minister at the court of ST. James;
and SO has every American minister pre-
ceding him there, as every one. knows:
and all the silly twaddle about It is ma
licious and d shonest litt1 chess. ThefTules
Of etiquette at the court of St. Jam
who, by the way, was just al common, ev
cry day king, not an especially good one,
either, and not the apostle demand the
knee breeches. All this. reminds me Of
the violent ado and great loss Of ,feath-
ers occasioned by some. people in Idaho:
over the announcement that Senator
Fred T. Dubois, the gallant silver cham
piola. Of that state, had actually ledssa ger;
man with the wife of Secretary. Of the.
Treasury John, G. Carlisle, the secretary
and the senator being as far apart on
politics as it. is possible for men to be ]
There rnors's2 the pity many neo-
ple in the world whose bigotry in poll
tics and religion fixes it in their minds
TO- be- a crime and a. def cement to touch
hands with those Of another cult. Il
Word has gone forth. that II sill yer Is
reinstated the goldite bankers and bo1ld
holding money loaners would lend no
more money. This is at once a sad md
a.gdangerous condition that we have
reached when. these people dare to threat
en- the masses, but. the masses are not yet
woo r. and uyo m nv well reDly tsyN hafS(f