The record-union., 1896-08-02
AN UNDERSTANDING.

Chico Chronicle Record: DR.. Jameson,
leader of the famous South African
raid, has just been convicted and sem
fenced to fifteen months Imprisonment
by an English court. What a farce.
DIR. jim doubtless smiles and feels
himself the great hero that he is not
But he has not the remotest idea of
spending the next year and a quarter
behind the bars. To be sentenced by
an English magistrate is sometimes a
serious thing, but not when there has
been a. previous understanding be-
tween court and criminal.
POPULIST IDEA.
Merced Sun: The old cry of ''protec-
tion to American indus tries" cannot be
paign. When the Wilson bill, now in
operation, was passed, Cleveland re-
fused to sign it because he said it was
almost like the Mckinley bill-a system
of legalized robbery The people have
no time to fight that kind of free trade
while the plutocrats have their fingers
on the Nations throat
PROTECTION.
Modesto Herald: The Oakdale Lead
err tacitly admits that gold will leave
us for a time if we adopt free coinage,
adding that ''it will come back in the
settlement of our balance of trade. The
only figures we have at hand since the
Democracy took the reins of Govern
ment are for '93 and show the balance
of trade to be against us. For twenty
years up to that time, however we had
an average balance of trade of S92,
5000 in our favor, but that was under
protection. For twenty-five years pre-
ceding the protective system the ball
ance Of trade was against us to the
average annual sum of S62, 5000
SILvER'S TENDER.
Stockton Independent: Notwithstand
ing the oft repeated cry that the Act of
1878 demonetized silver that metal has
not been demonetized in the United
States. Silver dollars are still legal ten
der for any amount, but lesser coins are
only legal tender for debts of so and
less. The United States continues to pay
gold dollars for silver dollars, and thus
to buy fifty-thre cents worth of sill
yer for a dollar. The banks of Stockton
have shipped to the San Francisco
Mint 10000 silver dollars within a few
weeks and received 10000 gold dollars
for them. If the coinage of Silver is
made free and Unlimited how long will
it take to exhaust the ability of the
Government to keep silver dollars at
par by paying gold dollars for them?
HIS ARGUMENTS
Alameda Telegram: Major McKinley's
arguments in favor of protection are
convincing and conclusive, because the
principle itself is sound. They cannot
be refuted by the Democratic leaders
who endeavor to obtain the votes of
the farmers under false pretenses, by
assuring them that they derive no ben
eft from protection. As Mr. McKin-
ley says, aside from men who labor
in shop or mine, there is no portion of
the people of the United States which
would be SO seriously affected in in
come and profits from the policy Of free
trade as the farmers. The home mar
lIet, created by increased manufactures.
has changed the conditions OF the ag-
riculturists of the country to their ad-
vantage and profit. This system has
given to the farmers of this country.
whether they grow wheat or corn, cot
ton or wool, the best domestic market
anywhere offered, and it has given to
our people a diversity of employments,
to our industries wider range, and to
cur labor better wages, than can be
found elsewhere.
THAT BURDEN.
Santa Rosa Republican, AS William
Mckinley has we'll said, there is no
burden of taxation comparable to en-
forced idleness. One of the big prob
lens of the present is the providing
Of employment for such as are willing
to work Threatening capital will not
do this, but will have the contrary
effect
Every laborer in California is inter
ested in having conditions made under
which milling plants here will not be
shut down and moved to other lands
Every producer in the State will be
helped by a tariff tax that will enable
all kinds of manufacturing machinery
to be run at profit here without
cinching the operatives. The man with
good gold notes and mortgages may be
satisfied with existing conditions. The
removal of industrial enterprises may
not seriously affect his wealth. but
every property owner and every toiler
is interested in having such conditions
here as will result in building up in
our midst great manufacturing con-
Germs that will call for the employment
of labor at good prices
SILVER TAILINGS-
Los Angeles Times: The indianapolis
journal prints the following very in
teresting statement showing the enor-
nous profits the silver-mine owners will
make if they succeed in electing Mr..
Bryan:
NV
mony that the business of mining sill
yer must be very profitable if it can
be sold ait 80 cents an ounce The
worlds output of silver in 1894 was
1871 ,561 ounces. AT the present
price, about 70 cents an ounce. the
value of the whole output would be
S117, ,426 761 AT 30 cents an ounce,
which seems TO be high average, the
cost of the worlds silver bullion of
1894 was SS3, ,S76, ,25S. If Congress should
adopt the free coinage policy, about
which the mine-owners have succeeded
in fooling so many people. they would
receive $216, ,S92, 200 for the silver out
put of 1894 in the silver dollars it would
make, with 3T1H grains of fine silver
each, or certificates representing that
figure. This is at the rate of 81 % per
ounce in round numbers. Thus, un-
der free coinage the silver mine owners
of the world, largely British capitalists
would make 70 cents an ouncer over the
cost price of their silver, or 15S per
cent On the output of 1894 the profit
would be $f33, ,015, $40 on what cost
them $S3, 1856. 25S. Thus the profits of
one years output of the silver mines
would create 1873 millionaires, many OF
whom II scans rapeSSary to rar,,arl-