davidaulloa/AmericanStories huggingface dataset:
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
FREE SILVER FAllACiES.

The Foolishness Of the Bryanite Argu-
ments In Light Of Fact and History.
What Is there in free silver which
is calculated to commend it the intel
ligence of the American people? Moth
ing. Bryan and his followers have
been given full and fair opportunity
of making out case for it and have
miserably failed. Everything in the
nature of an argument which they
have advanced has been riddled. They
have held that he money supply of
the United States was decreasing only
to be confronted with statistics show
ing that while the money in circula-
tion in this country in 1860 was $442,-
102,477 and in 1872 was $738, ,3O9, $40, on
the first Of July this year it was ST.
sos, 9,725,200. They have held that the
fall in prices was to be charged to the
demonetization of silver, but have
been unable to buttress that assertion,
although steadily invited to do so, with
any concrete evidence.
On the other hand the opponets of
free silver have grouped together a
large number of facts and figures
which demonstrate that the fall in
prices is the result of the logical work
ing of the well-known law of supply
and demand. They have held that the
free coinage Of silver at the raio of 16
to ! would result in a supply of cheap
er money and that cheaper money
would boom prices, and therefore prove
a godsend to the farmer; but in the
same breath they have held that free
coinage would send the price of silver
up to $1.29 an ounce. Each of these ar
guments gives the other black eye.
For If free coinage means silver worth
$1.29 an ounce 1t does not mean cheap
money; and if it means cheap money
1t does not mean silver worth $1.29 an
ounce.
They have held that the rise in
prices would be attended by rise in
wages SO that the wage-earner would
not suffer from a cheap dollor. But
they have been silenced on this point
by reference to unvarying expert
ence. All experience proves-this
country has contributed several chap
ters-that wages never rise as fast as
prices. When prices rose 116 per cent
with us in the war times, between
1860 and 1865, wages only rose 43 per
cent. They hold that a gold dollar
will buy too much these days-as one
Of their speakers expressed it recent
ly. I'VE are not fighting for 5O-cent
dollar; we are fighting against two
dollar Wall street and Lombard street
dollar" But the voters dispose of this
contention by saying to one another
that they have no quarrel with dollar
of large purchasing power.-Roches-
ter Post-Express (Rep).
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
THE SOLE CLAIM.

MR.. BRYAN'S SOLE CLAIM TO
THE SERIOUS ATTENTION OF. THE
PEOPLE IS THAT MONEY CON-
trolls PRICES. Is 1T TRUEf
THIS IS THE QUESTION. IF TRUE
AT ALL. THE RULE MUST APPLY
TO ALL PRODUCES IN ALL YEARS.
IN 1879 THE VOLUME OF MONEY
IN CIRCULATION WAS ON THE
BASIS OF s16.75 PER CAPITA, 3S.4S
IN EXCESS OF 1873. WHILE THE
PRICE OF WHEAT HAD FALLEN
FROM S1.0S TO SO CENTS, BARLEY
HAD FALLEN IN PRICE FROM 81
TO SO CENTS, WHILE THE PRICE
OF OATS HAD RISEN FROM ~
CENTS TO "a CENTS. THESE FIG
URES COMPLETELY DISPROVE
MIR. BRYAN'S CLAIMS.
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
Dictionary Of Brysnism.

Free Coinage-The art, act or pro-
cess Of stamping so cents worth Of
silver with the dollar mark. The un-
limited issue Of debased coin. Govern-i
ment counterfeiting.
Sixteen to One-A new sort of die
for making counterfeit coin.
The Honest Dollar - The dollar
worth its face valuation. The silver
dollar that will buy gold dollar. The
paper dollar that 10 good for Q gold
dollar.
The Dishonest doliaY-Any so.called
dollar, whether Of silver or paper,
which IL not worth at all times and
everywhere 100 cents in gold. I
The Gold StsndardEThe 86-inch
yard stick. The four-quart gallon.
The 16-ounce pound avoirdupois.
The Silver Standard-The 1S-inch
yard-stick. The two-quart gallon. The
eight-ounce pound avoirdupois.
Bimetallism-Silver monometallism
without the aid or consent OF any f0,.
eign nation.
Silver Observation-Disclosures
Of so cents Of every dollar Of honest
debt.-New York Sun.
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15

Dsllsss nruss y Eassl 70 Insrinsss ssl
E1shaagssbls value.
It being the established peiioy of
skhe United States to maintain the two
metals on q parity with each other
upon the present legal ratio, or such
ratio an may be provided BY law
Act Of congress, July II, 1880.
/ It is the policy Of the United States
TO continue the use Of both gold and
silver as the standard money and to-
coin both gold and silver into money
bf equal intrinsic and exchangeable
value. such equality to be secured
through international agreement, or
by such safeguards of legislation as
will insure the maintenance Of the
parity Of value Of the coins Of the two
metals and the equal power Of every
dollar at all times in the markets and
in the payment Of debts.--Act Of Nov.
/, 1893.
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
BEFORE THE WAR.

DOSE THE VOLUME OF MONEY
CONTROL PRICES? MR.. BRYAN
ANSWERS YES. THEN LET HIM
EXPLAIN THIS: THE MONEY CIR
CULATION IN 1858 AND 1859 WAS
THE SAME. YET THE PRICE OF,
WHEAT ROSE FROM go CENTS IN
1858 TO $3.50 IN 1859, CORN FROM
25 CENTS TO 60 CENTS, OATS
FROM Is CENTS TO IS CENTS, AND
POTATOES FROM 25 CENTS TO 30
CENTS. WHAT HAD VOLUME OF
MONEY TO DO WITH THIS, MR..
BRYAN?
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
A Short Currency Classic.

Whitelaw Reid. whom i'll health pre-.
vented from attending the meeting Of
the Republican Editorial association at
Canton sent q letter which is classic
on the currency question. II can be re-.
duced to q volume on the subject in
sentences:
No party has the right to say that the
moral law may be reversed.
We sell more than fifteen times as
much Of our products to gold countries
as we do to silver countries.
Do we want to take pay for this
wheat, beef, pork, cotton, corn, not az
now in gold, but in silver bullion, to be
given free coinage at our mints?
This becomes question not Of paying
silver, but of taking silver.
The grocer raises his figures long be.
fore the laborer can have his wages I'D.
vanced.
The laborer never really catches up
until the inevitable crash comes and
both tumble together.
Cheap money never cheapened the
necessities Of life, but II cheapens the
men. Look at Mexico. China and India.
The bullion owner may get hundred
times more nlver than now stamped
into dollars, but he win not be any more
willing TO give the wheat raiser single
one OF them without getting round
100 cents' worth Of wheat for II.
Neither the editors nor the great ora.
tors OF the party are making this cam.
paign. The plain people are thinking
IL ont for themselves.
Horace Greeley wrote no moro In
cidvely. no more effectively, for the
great cause of his day than his succes.
sor In the same chair. Whitelaw Reid, fol
the great cause Of this day. Chioaol
Tunes Hesaid. ~
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
.Bryan's Version.
rriedrichsruhe,
August "a, 1893.

rriedrichsruhe,
August "a, 1893.
Honored Sir
Your esteemed ia.
vor has been duly
received. I hold
that this is t h g
very hour that
would be advisa.
BILE to bring about
between the ma
tions chiefly en-
gage d in tn Q
worlds commerce
a mutual agree
ment in favor of
the establishment
of bimetallism.
TheUnited States
are freer by far in
their movements
than any nation
of e urope, and
hence if the people
of the United
States should find
it compatible with
their interests to
take INDEPENDENT
action in the direc-
ton of bimetal.
lisrn, ! can not but
believe that such
action would exert
a most salutaryln.
fuence upon the
contamination Of
an international
agreement.
BISMARCK.
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
the Purchasing Power Of wages,

A communication signed Common.
Laborer, and printed In the New York
World. gives some figures that ere In
teresttng as showing the effect Of the
money standard on wages and the rss
suit Of declining peios: n ne chief
production. The writer givss . COPY a.
m account Of 1884. the eFa Of cheap
money, from . general store n Maine,
IN which . certain amount Of hous.
cloth. sugar, pork. kesossns oil and 8
suit Of clothes como 70 o86. and it'took
~ dsys of common labor = - pr day
70 pay for Il. In 1879 exactly the aasso'
goods cost oll.eo, and took the laboe q,
In 1905 the same goods were worth.
el6. 10, and at d peg day the common
lab0rer could buy the goods with 18 7.i0
dayT work. In other words, he was]
aba 70 get two and one-half times -
much foe his labor - In 1884. .-Waahs'
inRton Post. s- 4.
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
EXPLAIN THIS MR.. BRYAN.

IF PRICES OF FARM PRODUCTS
ARE CONTROLLED BY THE VOC
UME OF MONEY, WHY WAS 1T
THAT IN 1889, WITH JUST AS
MUCH MONEY IN CIRCULATION
PER CAPITA. THE PRICE OF
WHEAT IN HANCOCK COUNTY. O.,
HAD FALLEN FROM $1.06 IN 1883
TO "a CENTS; CORN FROM AZ
CENTS TO 80 CENTS, AND OATS
FROM "a CENTS TO 21 CENTS?
WHO OF THE POPOCRATS WILL
TELHUS WHY?
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
Bankruptcy Coming.

The treasury statement for Oct.
foreshadows the coming bankruptcy
of the government under the deficit
producing Wilson tariff law. The
revenues were over $5,0OO.OO less than
the expenditures during September;
and for the first three months of the
fiscal year the deficit exceeds $25, ,0OO,-
600. And during those three months
the expenditures over receipts have
been $6,000,00O more than for the COR
responding period last year.
II this rate of shortage in revenues
continues for three months longer.
the treasury will not have money to
meet the ordinary daily expenses Of
the government, unless 1t uses the
gold reserve to meet them. The gold
in the treasury has gained $24, ,000, 900
in three months. greenbacks being
taken out as the gold was paid in. This
has diminished the currency In the
treasury by that much.
What will Cleveland do? The law
gives him authority to issue bonds to
keep up the gold reserve. but not to
meet the ordinary government expedi-
lures. The treasury would have been
bankrupt long ago had It not been for
the previous bond Issues. True. the
gold was hot used directly for ex-
penses; but when 1t was drawn out
greenbacks went into the general fund
and were used for ordinary expendi-
lures. In effect. the proceeds Of the
bond issues have been used to cover
the deficit created by the Wilson law.
The people should take note Of this
condition and vote on Nov. for a
policy which means abundant revenue
instead Of monthly dehcits-Toledo
Blade.
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
THAT LETTER
Prince Bismarck's Position
Grossly Misrepresented.
THE BRYAN eARBLED VERSION.

che Old Chancellor's Opinions Are In
Harmony with the Republican Plat
form-sI Believe That It Would BE
Commendabls to obtain BY Endeavors
Of Those Nations Chiefly Engaged In
the Worlds Commerce an Agreement
In the Direction of Bimetsllism."
Not content with having garbled the
speeches of Blaine, Garfield, Grant and
other great Republican leaders in a
vain attempt to make the people be-
lieve the leaders of Republican thought
have for the last 25 years favored the
Bryan idea Of coming Accent dollars,
the Popocratic candidate for president
and his hackers have carefully edited
the letter which they have been using
as coming from Bismarck, the venera-
BILE old ex-chancellor of the German
empire, to suit the needs of their ar
guments.
The letter, upon investigation,
proves not to have been forged, but
the form in which Mr.. Bryan uses it..
and the form in which it has been
printed by all free silver organs in the
country, is SO gross a misreprensenta-
ton that it is little better than forg-
cry. The New York World has sent to
Texas and had the letter copied in
German from the original in the files
Of the governors Office. Below we
give a correct translation side by side
with the version used by Bryan and
the free silver organ.
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15

THE PERIL OF FREE sILvHR u
A MENACE TO BE FEARED; WI
ARE ALWAYS EXPERIENCING TIN
HFTBCr or PARTIAL yRDn
TRADE. THE ONE MUST n
sAvBRTBD. THE OTHER CORRUoI-
un-WILIIAM MXItLBy.
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15
0onG servant.
(Signed)
V. BISMARCK.

The real letter is very different from
the letter which Mr.. Bryan has been
using. The substance Of Bismarck's
argument is that, II we were to join
hands with the rest of North Ameri-
ca in united effort to secure bimetal-
lism 1t might promote a union of all
the great nations of the world under
an international bimetallic agreement.
He does not say he would recommend
free silver. He does not say free sill
yer would not be injurious. He indi-
rectly confesses he has doubts about It
when he admits that he was unwilling
to chance 1t while he was in power,
upon his own people. The fact is there
was nothing in Bismarck's letter, as It
was written. to support Mr.. Bryan's
position in the least On the contrary,
1t is powerful argument in favor Of
the position of the Republican party.
In fact, the Bismarck letter proves to
be boomerang to Mr.. Bryan and the
silverloons.
But the pertinent fact IN, why did
Mr.. Bryan and his free silver organs
change the letter? Why were they
afraid to quote what the great ex-
chancellor really said? 1t is impos-
sible for the free silver people to get
anything straight? Has the moral
obtuseness which prevents them from
seeing the dishonest and dishonorable
character Of free silver reputation
grown SO great that. they can not fair-
ly quote anySman? They might POS
sibly be pardoned for garbling the
speeches Of their own opponents, q
they do every day, but what do the
honest. substantial Germans OF the
country think Of the mendaclous effort
Of Mr.. Bryan and his supporters To
misreprssent one Of the greatest liv-
ing statesmen Of Europe In the hope Of
deceiving the level-headed 0erman
voters Of this country into support Of
the free silver crase?-Ohio Stats
Journal.
WE ARE NOT COMMITTED no
ANY SPECIAL SCHEDULES OF
RATES OF DUTIES OUR DUTIES
SHOULD ALWAYS BE HIGH
ENOUGH TO MEASURE THE DIF-
FERENCE BETWEEN THE WAGES
PAID LABOR AT HOME. AND IN
COMPETING COUNTRIES. AND 10
ADEQUATELY PROTECT AlGERI-
CAN INvBeTMENTs AND ANERI-
CAN ENrERPRIsEs. - WILLIAM
HKINL9y. ~
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-15

The Translation.
Friedrichsruhe,
August "a, 1893.
Honored Sir
Your esteemed Of
July 1 has been
received. I have
always had a pred.
Election for bimet-
allism, but while I
was in Office would
not consider my
self infallible in
opposition to ex-
perts. I believe to
this day that it
w ould be com.
mendable to OBJ
tain by endeavors
of tn os e nations
chiefly engaged in
the worlds com.
merce an agree
ment in the direc.
tion Of bimetal.
lisn.
TheUnited States
are. in political
economy less ham.
pered by their gov
ernment than any
one of the Euro
pean states, and If
N orth America
should find it COM
patible with its in.
terests to take q
substantial step in
the direction of BIZ
metallism. I be.
ieve that such q
step would exert q
beneficial inf u.
ence upon the es.
tablishment Of in.
ternational agree.
m ent a nd tn Q
union of the Eu-
ropean states. AS.
suring you Of my
highest respect. I
am your most obe-
dent servant.
(Signed)
The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-12-26

drawn from the street railroads in
Philadelphia, This is, in some respects,
a victory for the women, whose crti-
cism through the newspapers and in
private letters to the railroad manage
ments has been incessant. The COM
plants of the women were that the res
ervation of cars for men was a discrim-
nation against them, which often caus-
ed them veXatlous delays, and then
when they outwittingly entered one of
the smoking-cars their clothing was
ruined by the filth, their comfort was
impaired by the vitiated air, and their
womanly sense was offended by the I'M
restrained smoking in their presence,
Some men, whose sense of smell revolt
cars, Joined in the crusade, but the
final blow was struck when the Board
of Health informed the railroad man
ayers that it was in earnest in the mat
ter of the enforcement of the regula-
tons against splitting in the street cars.
Hereafter Philadelphians who must
smoke while in transit must ride on the
front platform with the motorman.
The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-12-26
IE'TER,

Not worth While,-"Papa don't need
to say his prayers" Mamma-"Why
not"' Cause it's most morning when
he goes to bed. Brooklyn Life.
Little Horatio-"Pa, what is a crit
ic"" Walker Farr (the eminent TRACE
DIANA man who doesn't know a.
good thing when he sees it, my son.
Puck.
Little mendicant-"Please sir, give
me copper" Benevolent clergyman
Have you no parents?" Little mendi-
cant-"No, sir; Imam orphan by birth. I"
-Tit-BitS.
Soap man-"We can't use this. l like
strong testimonials, but this one goes
too far" His partner-"What does it
say?' "A lady writes that even her
fiveyear-old boy likes our soap
Puck.
He-'I mean to give yon an elegant
engagement ring and we'll call it your
Christmas present" She-'I'm not to
be outdone in generosity. I'll give it
right back again. Detroit Free
Press.
I'm too old to get married" declared
Gruntly What has that to do with
it," asked his partner well, I've
The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-12-26

circulation" in excess of the metallic
reserve. In November last this excess
was about 500, 100000, the rate of dis
count being per cent; on such sum
the tax would be $25O,OOO.
Various important services are to be
added to those already performed for
the government free of charge, Some
of these relate to the payment of inter-
est on the public debt and the transfer
Of public funds Agrarian demands are
reflected in provisions requiring the
bank to give increased facilities for
borrowing to agricultural associations,
Bills Of exchange and other commercial
paper presented by syndical, agricul-
tural and other associations which are
notoriously solvent are to be admitted
to discount upon the same terms as pa
per drawn by merchants. Within prop
er limits such a system is shown by the
experience of the Banks of Italy, Rus
STA and Germany to be safe. The min
imum value of paper admitted to dis
count is reduced to 81 or 50, according
as it is drawn upon the locality where
discounted or upon another place. 1t is
further conceded to the farmers that
they shall have representative in the
governing boards of the banks
branches, Within two years the num-
Der of branches Of the central bank is
to be increased to twenty-nine, and
thirty new auxiliary agencies are to be
established in parts of France not suf-
ficiently served with banking facilities
at present The option is also conceded
to the government of requiring the es-
Establishment of fifteen other agencies
between 1900 and 1915.
The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-12-26

An UNUSUALLY MERCY DAY.

Yesterday was indeed merry Christ
mas. The Oldest inhabitant has not
been heard from, but the middle-aged
inhabitants with one accord say that
they don't remember a Christmas that
was any more what Christmas should
be. The beautiful snow, the ice and the
weather all combined to make perfect
day-a day such as you read about in
novels, but do not often see. New Ha-
times were not hard, and as if there
were no war clouds. The new asphalt
pavement although it could not be
seen, was much in evidence, and sedate
Orange street was treated to such an
exhibition as it never before had. 1t
was both pleasure drive and a race
course. 1t is plain that in figuring on
the cost and the value of that pave
ment we must take into account the
fun which it has furnished and is going
to furnish. The bicyclers and the
sleighers find it all right, and if Orange
street isn't going to be as quiet as it
has been it is because there is an as
phalt pavement there.
All over the city, as well as on Or
ange street, there was fun alive, and
there will be general regret this morn
ing in many minds that Christmas
comes but once year. A few, we sup
pose, who didn't use it right, will be
glad that it doesn't, but the great ma
jority We're decently and heartily mer-
ry. Such a Christmas has come but
once in many years in this region.
The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-12-26
SCORE ANOTHER FOR THE DEBroH

SCOhll ANoIH ~ rs run In II DEDfVH'
Debtors are we'll taken care Of by the
law--so well that creditors sometimes
feel that they don't have as much help
as they ought to have. Debtors have
just achieved another victory in a
decision of Judge Thomas, assistant at
torney general for the Postofflce de-
partment,
Collecting agencies used postal cards
for dunning purposes until the govern
ment forbade it. Then letters with
fantastic designs upon the envelopes
were sent to annoy delinquents, but
in time the postoffice officials discover
ed the intent of these new envelopes
and the letter carriers could recognize
dunning letter at a glance. Congress
then took further action and made it
unlawful for any envelope to bear
words or designs which suggested that
the person to whom it was addressed
was regarded as a professional beat.
The black envelope addressed with
white ink was then invented.
Judge Thomas has ordered that all
matter of this description be excluded
from the mail. He gets his authority
from decision rendered by a United
States district judge, in which it was
held that all persons connected with
the postal service understand that the
meaning and object of such procedure
is to coerce payment of money by thus
exposing the person addressed. The
postoffice authorities throughout the
country have been notified that no
more black letters can go through
the mails, and all are warned that a
heavy penalty awaits the person who
tries to use the mails in this manner
as collecting agency.
Thus the debtor becomes more and
more powerful. BY and by he may
be able to fix things SO that he can
not be asked in any way to pay what
he owes.
The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-12-26
= GREAT BANGS NEW CHARyE,

Il GREAT B4NR'S NEW CHARTER
The present charter of the Bank of
France expires December 81, 1897. 1t is
to be renewed and extended for twenty
three years, with some changes. The
new arrangement while fair to the bank
appears to be a good thing for the pub
lie and the government. The limit Of
note issues is to be raised from 4,000,-
900 900 francs to 5000, 900, 900 francs ($1,-
O0O, 900, O0O). New burdens, however, and
new services are imposed The bank is
to advance to the government 40 900, 900
francs free of interest, and is to re-
nounce interest on loans made to the
government in 1857 and 1878, aggregat-
ing 14O,00O,OO0 francs. About 1000, 900
francs of the banks notes are supposed
to have been MISUNDERSTANDING been
out for a long time and never presented
for redemption. The bank is not to
gain by the loss of the note holders.
The government takes the 100000 and
resumes the responsibility of redeeming
them if they are ever presented new
tax is imposed of one-eighth of the rate
of discount on that part Of the bank S
circulation classified as productive