The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1896-08-20

year alone the loss to Humboldt County
was So, S95 60. AS stated above, the
price of wool for fifteen years prior to
90 ranged from 2211a cents to 40 cents
per pound, and it is not unreasonable to
suppose, in fact, it is as near certain as
possible that had the tariff of II cents
per pound been retained after '92 the
wool market would have remained
practically the same. Now, to show
what Humboldt County has lost by the
removal of the protective tariff on
wool, take the wool crop for '93, '94 and
30, and we have total production of
2,604,3 1913 pounds. Figuring this at %
cents per pound for spring clip and 10
cents for fall clip. the lowest prices I'M
der the protective tariff, our wool men
would have been paid for those crops
the snug sum of $3.50, 65S 95. But dur
ing those years, as shown above, they
only received $3.50, $40, hence in three
years there has been a direct loss Of
over $500, 900 to one of Humboldt's lead
ing industries But this is not all.
Owing to the low tariff on manufact-
ured goods nearly all of the American
wooden mills are idle. The outlook is
now even worse than in the last three
years. Just after the nomination of
mckinley in June, and when it looked
| as II we were to have a return of pro-
tect1on to wool, there was a marked in
crease In the price offered for this years
crop. But upon the triple nomination
OF Bryan upon a free trade and free
silver platform bryan himself being a.
rampant free trader) the market for
wool In the United States became COM
pletely paralyzed, and the clip of 1896
cannot be marketed at any price.
THE SINGLE TAX.
Santa Cruz Penny Press: The true
remedy for the deplorable condition of
the wage-earning classes and of the
farmers is the single tax We will come
TO that some day. But radical reforms
move Slowly, since the majority Of men
cannot get hold of a logical PROPOSE
ton short of several years of effort.
Meantime, there Is a chance for tenn
porary relief by swelling the volume of
money, and SO for a time delivering
the poor out Of the jaws of the lions
of usury and rent.
1T WILL INDUCE STUDY.
Stockton Mail: If Mr.. Bryan's splen-
old speech will lead Eastern business
men and bankers to study the financial
question half the battle will have been
won If they will not inform them
selves the South and West will continue
the campaign Of education until they
accomplish their conversion by absorp-
ton. On this subject the Galveston
News remarks very sensibIy: TT
Is the duty Of the New York merchant
land of the Pncfnr hor
himself just why the West seems to
DC a unit for free silver, and to be able
to answer arguments. It is vain to saw
that the free silverites are fools and
know not what they want. They are
not fools and they know very we'll what
they want, and 1t is only by under
standing their claims and answering
them that a true and accurate 1udg-
ment of the Eastern position can be
obtained.
AN HONORABLE OFFER.
San Diego World: We do not care
who it may be, we believe in according
just credit to whomever it may be due
Z. 2. Huntington made an honora BILE,
honest offer and effort to settle the
Central Pacific Railroad indebtedness
to the Government when he offered to
pay the same In full, 100 cents on the
dollar, and with interest added for the
time extended, and with the further ad-
ditional guarantee of the Southern Pa
cif1c Company, thus increasing the Sc
curfty by many millions Of dollars. The
acceptance of such an offer means pay
1hent In full.
WHO WILL LOSE?
Humboldt Standard: The STANDARD"
has already shown that the laboring
classes who deposit in savings banks
have nearly $4,000 100000 deposited in
the LOTT savings institutions of the
country. That these poor people, num-
herring nearly 100000 souls, have an
average of about 1926 In these banks.
That to go to a silver basis will cut
down the value of these savings about
one-third-it may De more, thus COM
Polling the wage-workers Of the coun-
try to bear loss of fully 5000, 100000.
CONFIDENCE CONFIRMED.
Los Angeles Herald: Mr. Bryan
speech in acceptance of the nomination
for President continues to attract a
large measure of public attention. His
mastery presentation and exposition
of the issues of the campaign has come
like the rising of the sun upon the fog
bank of misrepresentation and abuse
with which his antagonists have sought
to obscure those issues. We alluded
yesterday to his demonstration of the
fact that the Chicago platform was sim
ply an application to existing conditions
of the cardinal principles of our Gov
eminent, as formulated by it's founders
and supporters.
In another part OF his address he
completely disposed of another charge
which the gold bug press Is continually
making against the Democratic party
under its present leadership. The
changes are daily rung upon the ac-
cusation that the free coinage Of silver
at the ratio of 16 to l would be but an
other adventure into the perilous field Of
flat money" 1t Is impossible to over
estimate the weight which such an as
sertion has with very large element
of the people-especially those engaged
in commercial pursuits. Those who
have studied the history Of finance are
well aware that every effort to put into
circulation money based solely
upon the fiat" of the Govern
ment issuing it has resulted in
a greater or less inconvenience,
disturbance Of business and popular
distress. It Is not singular. therefore,
that such people should be affected by
the cry that under free coinage our
minis would issue dollar of which so
cents would be silver and so cents fiat
money This proposition has been given
all the more credence because many adj
vocates of free coinage, possessed of
more zeal than information have siren