davidaulloa/AmericanStories huggingface dataset:
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
The National Financial school.

The National Financial school is the
name of an organization which is maxi
ing some Roadway in the middle north
ern states and perhaps also in other
sections of the country. Its ostensible
object is to conduct nonpartisan study
of American finance, Its prospectus,
however, contains some expressions
such as restoration of a thoroughly
American financial policy" which indi-
Gates the real object of the promoters.
The organization was recently extended
into Boone county, Ind, where seven
financial schools besides the advance
school" and the county school" are
now in operation, each with presidents,
secretaries, instructors and directors.
These financial schools should be en-
couraged by all sound money men and
organizations. There is no more GER.
tain way of Kidding the country of the
sixteen-to-one-er than by educating the
voters on the money question. If the
schools are real schools and not merely
lecture oOms, there cannot be too many
of them. AS they are nonpartisan, books
and literature on both sides of the sill.
YER question should be provided for
their use. In this connection the sound
currency committee of the Reform club,
So William street, New York city, of.
fers to send free of charge a limited
supply of literature to the officers oil
any of these schools asking for same
Send for its literature and be ready t.
vote intelligently on this question
should it be up for settlement at the
next congressional and presidential
elections.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20

undervalued silver by making the coin
age ratio sixteen to one when the mar
ket ratio was 1888 to 1, the soundmoney
democrats resisted the scheme to over
value.silver so as to force the retirement
of gold. If the hard money democrats,
after the passage of the act OF 1884,
pointed with pride and exultation to the
prosperity which followed the restora-
ton of the gold currency, the sound
money democrats have never faltered in
warning their countrymen of the dis
aster which would follow its retire
ment.
"The truth is, the country is indebt-
ed to the hard money democrats, OF
whom Jackson was the chief, for the
gold standard. could go on and show
how the act of 1884 had an effect exact
ly opposite to that of 1879, how under
the operations of the same infiexible
economic law gold went out of circula-
ton under the one and silver under the
other, how congress in 1883, on account
of the retirement of silver, was forced
to coin it as subsidiary money in order
to supply the people with small change,
and how the silver dollars ceased 10 flow
from the minis and gold was coined in
great quantities. But this is foreign to
my text.
"My purpose is TO show that the adj
vocates Of the Chicago platform have no
light to conjure with the name Of An
drew Jackson. That platform had no
precedentin the history and traditions
of the democratic party. 1t promises a
new dispensation in monetary science
never dreamed of in the philosophy OF
its great leaders.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
DOMESTIC TRAGEDY ENDED.
St. Louis Banker Suicides, Holding
the Photo of a Woman not
His Wife.

st. Louis, May 2O.-George A. Taylor,
who has been in the banking business
in st. Louis for thirteen years, and
who was known as a man Of integrity,
was found dead in bed at the Norman
die hotel, this forenoon. An empty
bottle tabled "hydrocianic acid" and
a number of letters showed that he had
committed suicide in the most DELHI
crate manner. The dead man had
c1asped in his hands a picture of
woman, not his wife, whom nobody
knew. The decet3ed had trouble with
his wife, whom he married in Charles
City, Iowa, and she entered suit for
divorce, later having the case dis
missed. Mrs. Taylor now lives in Ell
dorado with their children.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20

not favorable for the farmer VINO votes
for free silver with the expectation that
it wonld enable him to borrow money
at low rates of interest.
According to the last census, the aver
age rate of interest on farm mortgages
in 1890 was 7.a6 per cent. The rate has
undoubtedly declined since then, ex'
cept, perhaps, in certain states which
are voting and legislating against cap
ital. The rate is also higher than on
most other classes of securities. 1t is
probable that the average rate of inter.
est in this country is now considerable
less than six per cent. In England,
France, Germany and many other gold
standard countries it is undoubtedly
less than five per cent. We have, how
ever, put the rate on the barometer at
six per cent.
In Mexico, Central and South Amer
lean countries and in most other coun'
tries on silver basis the rates Of inter
est will probably average more rather
than less than ten per cent. Statistics
on ordinary loans on farm mortgages
are not available for comparison in
these countries. Perhaps the most
available are those prepared by Prof
Irving Fisher and published in August
1896, by the American Economic associ
alton. These show only market or bank
rates of interest in London, Berlin
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
THE DRIFT TOWARD GOLD.
Silver Nations Are Gradually Coming
to the Gold Standard.


While Mr.. Bryan and his associates,
refusing to accept the verdict of last
November, are looking forward hope
fully to renewing what they call the
"battle for silver at the next congress
sional elections; while a bimetallic
commission has just been appointed to
visit the European governments in the
interest of international binetallism,
there may be perceived all over the
world an unmistakable drift toward the
single standard of gold. Since the APP
pointment of the United States COM
missioners the dispatches from Europe
indicate that their mission will be fruit
less, and that there is no more probabili-
ty of those governments returning to
bimetallism than there is of their re-
turning to flintlock muskets for their
armies. sThe latest announcement Is
from Russia, which is to the effect that
she is irrcvocably committed to the gold
standard.
But it is not in Europe alone that
this tendency is observable. The wis
dom and apparent case with which the
japanese government has planned the
adoption of the gold standard is one Of
the marvels of modern craftsmanship
and marks the people Gs among the
most sagacious nations of the earth.
Laggard China also seems to be awak-
ing from her silver dream of isolation
and is anxious to have the customs du-
ties at the treaty ports placed on the
gold basis, as they substantially were
when the treaties were made. The de-
probation of silver has greatly crippled
her revenues, and now that she is COM
ing into closer financial connection with
Russia it may be assumed that her
finances will be conformed TO the gold
standard.
If we turn from the far orient to our
own hemisphere, we will perceive
stirring in the Central and South Amer
lean states to reform their monetary
system and escape the losses entailed
by an inferior and deprecated currency.
A dispatch few days since from Lima
informed us that Peru had not only sus-
pended silver coinage but had passed q
law against the importation of silver.
Columbia has adopted the gold stand
ard, while Chilli, Uruguay and Brazil
make gold unlimited legal tender and
silver in but limited sums. In Hon
duras, San Salvador, Costa RIGA and
Santo Domingo the gold standard has
been established by law, though de-
preciated paper currency prevents the
circulation of gold at present. These
movements go to show that those ma
tions who are in touch with European
trade and commerce feel the necessity
of having the same monetary system
and that their people are at disadvan-
tage because of their fuctuating and
deprecated homo currencies.
And yet while these nations, admit
teddy our interiors in wealth and in
physical and intellectual progress, are
struggling out of the bonds that hold
them back there are those among us
who would imperil our vast wealth and
commerce by plunging us down to the
silver standard. What must the nations
of the world think of such leadership
and ACCOMMODATIONS Times
Herald.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
Another Blow for silver.

The Peruvian government in April
suspended the coinage of silver and de-
cided to prohibit its importation after
May 10. 1t is probable that Peru wished
to borrow money and that she could not
do so while on a silver basis without
paying very high rates of interest. The
Shylocks of Europe refused to loan at
low rates and to take chances of losing
more by the depreciation Of silver than
they would gain from the interest. Oh,
these wicked, grasping Shylocks who
refuse to'loan money at aloss!
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20

Paris, New York, Calcutta, Toxic and
Shanghai for series of years, and OF
course these are far below the average
rates. Prof. Fisher finds that the aver.
age bank rate of interest from 1875 to
1879 was 3.s per cent. in the four gold
standard countries and 10.1 per cent,
in the three silver standard countries,
In silver standard countries the rate
had fallen but little, the average for
1904 being 1917 per cent. In gold
standard countries the rate had fallen
over 25 per cent, or from SO in 1904
These facts tend to show that there is
some good reason why interest is
lower in gold standard countries. They
are confirmed by the further facts that
many large loans and some small ones
made in silver standard countries are
made payable in gold and at rates of in
terst far below those prevailing. One OF
the alleged reasons why japan has
changed from a silver to a gold basis is
to obtain lower rates Of interest on
loans which she wished to negotiate.
There is more in this subject of cheap
money than some silverites dream of
The best money is, in fact the cheapest,
If the borrower thinks otherwise, let
him have his cheap money and pay the
increased rates of interest charged for
it.-Byron W. Holt.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
THE INTEREST BAROMETER.
Interest Rates Are Lowerin Gold Than
in silver standard Countries.

1t will pay silverites who want cheap
money-that is, money at low rates Of
interest-to study the rates of interest
charged in gold and silver standard
countries and to compare the average
rates of interest on certain classes OF
loans in sound money states, which
never favor Reputation, and in states
which favor free coinage and which
sometimes favor reputation of debts.
1t is difficult to get exact figures Of in
terest rates in different states and coun..
tries. but the statistics obtaipshle are
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
MURDERED MAN IDENTIFIED,

Memphis, Tenn, May 2O.-The multi
ated body, found Monday evening in
an old cistern on a truck farm rented
by Frank Parrora has been identified
as that Of Ernest Stanley, the 19-year-
old son of a wealthy merchant of Tus-
cumbia, Ala. Frank Parrora, the
Italian truck farmer, is under arrest
on the charge of murder.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
WHAT JACKSON DID.
Crushed BANKS In Order to Re-
store Gold to Circulation.

Changed Ratio from Fifteen to Six
teen to One to Bring Gold Back
WAS One Who Thought That All
Mankind Had a Prediction for
Gold-Silver Democrats Who Eulo-
gixe jackson should Read History.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
CONTRACTS LET.

The following were the successful
bidders for furnishing the Southwes-
tern Insane asylum for the next quar-
ter with supplies: Joske Brothers,
L. wolfson and J. Steinhart were
awarded contracts for dry goods and
shoes. Hugo & Schneider Co., Good
man & Pfeiffer, groceries; Dechman
Coffee Co., coffee and tea.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
Thomas Jefferson ..Unmasked. :,


1t is painful to be forced to unmask
a man who has been so long held up as
the exponent of democratic doctrine,
but stern sense of duty to the free sill
yer and spoils democracy of the present
compels us to portray him in his true
colors. 1t is not right that he should
receive the enthusiastic laudations OF
Chicago platform democrats when he
was false to nearly every one of the
great and glorious principles which
they formulated in 1896. What right
had Jefferson to pose as a democrat,
anyhow? What pretensions of democ.
racy had a man who actually believed
in applying business principles and
common sense to national affairs, who
had old fashioned ideas about the sa-
credness of obligations, who demone'
tiled silver when he saw it was neces-
sary for the public good and who was
civil service reformer and an opponent
,of spoilsmen in and out of the United
States senate?
Logically the only thing for the free
silver democrats to do is to denounce
Mr.. jefferson instead of praising him
and to adopt resolutions reciting his
various glaring heresies and formally
reading him out of the party, for it is
absolutely certain that if the Chicago
platform is to be taken as the expression
OF true democratic doctrine Thomas
Jefferson. was not democrat and must
descend from his pedestal as the father
of democracy.-Baltim Sun.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
MEETING. TONIGHT.

Attention members of the Harmonic
Lodge, No. l, o. D. H. S. Important
business will be transacted in tonight's
meeting. You are pressingly invited to
attend. ]. BAUER, CIR. Sec.
5-20-1t
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
COVERED B INSURANCE,

Toronto, Can, May 20.-John Ea-
tons departmental store and stock,
worth about $25O,OOO went up in flames
this morning. The origin of the fire
is unknown. He states that the loss
is fully covered by insurance.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20

A certain man had the good fortune
to possess goose that laid him golden
egg every day. But, disappointed with
the income and thinking to seize the
whole treasure at once, he killed the
goose, and cutting her open found her
just what any other goose would be!
Much wants more and loses all.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20

pert specialist, DR.. Hathaway Co. Have
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will give YOU their time and attention free Of
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sPecI1LTISs,
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Catarrh and Diseases OF Women Address or
call ON DIR. HATHAWAY & CO, 209 Alamo
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Mail treatment given by sending for Symp-
tom Blank No. for Men; No. for Women;
No for Skin Diseases; No. for Catarrh.
OFFICE HoURs-9 to le, to and to 3. sun
days-l0 to /.
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20

ofthe human body.
A small fire is east
ly trodden out,
which, when left to
itself, rivers can
not quench. Look
to your physical
health, for q sound
mind can onl y
dwell in a sound
body There is no
one so able to re-
store your natural
faculties, as the eN-
San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-05-20
REPRESENTATION
is THE -
THIEF OF TIWE,

Don't procrastinate but do something for
yourself at once Your delay not only cost
ing you time, but money also Disease Is q
hard taskmaster when once il gains possession
The record-union., 1897-08-30
THE DANGER OF RELAPSE.

Commenting upon the growing fire.
quency of lynch law incidents the New
York Evening POST says:
There is no risk of exaggeration in
this matter. The danger of a relapse
into barbarism is real. The good name
of the republic is at stake. The neces-
sity for action on the part of all who
prize civilization is pressing The duty
of leadership in the work of reform on
the part of the press, the pulpit, the bar,
the teacher. is plain.
The Portland ''Oregonian" in noticing
this expression, is inclined to receive it
with much seriousness. and to esteem it
unexaggerated. 1t calls attention to the
fact that the Governor of a great State
recently pardoned a husband convicted
of an attempt to avenge an invasion of
his marital rights. In issuing the par
don the Governor upheld the avenging of
wrongs of certain order by methods in
contravention of law, and without ap-
peal to orderly and lawful processes.
The "Oregonian" thereupon remarks:
Perhaps we have key here to the fun
damental difficulty with the enforce
ment of law in this country, unlocking
the mysteries Of judicial failure, una
dashed crime and unlawful vengeance
/ We know that as long as law fails TO
/ convict promptly and surely for rape
and murder, these crimes viii flourish,
and mobs will lynch with impunity. 1t
/ is one thing to acknowledge the fact,
/ and another to condone the offenses;
and. while the swift vengeance of the
rope may afford cause for qualification
/ to the private citizen, and even be con-
doned by the press. the public official
who so expresses himself is discreditng
all courts and law itself.
| This is all true. the reasoning is un-
Ianswerable. But we cannot agree with
/ the Post" or with the ''Oregpnian," if
we understand it as quoting the Post
approvingly. that because of lynchings
We are in danger of a relapse into bar
i barism. on the contrary that which so
much excites the alarm of the Post"
will prove the source of a corrective
Instead of setting up the law of personal
vengeance and retaliation. the threat
OF the danger will bring about that
which we should have. certainty and
celerity of punishment by the law.
The growth Of lynchings is already be-
ginning to operate as do corrective medi-
cines. It is bringing communities up to
full realizing sense of the folly and
shamefulness of the laggard system of
Jour criminal law procedure. 1t is build
ing a decree in the hearts and heads of
The record-union., 1897-08-30

man beings; tales of cruelty and tor
ture; the minutiae of crime; social trans
gressions magnified, analyzed and va
riouslv exploited, and the mawksh
sentiment and general balderdash that
continually and everlastingly runs
through the swollen editions. We judge
from the comments that We continually
hear People everywhere disapprove
and condemn the unhealthy printed
output. The subject is discussed much
more generally than the publishers
seem to be aware of. One intelligent
lady summed it up by saying that it
appeared to be assumed in the big
newspaper offices that subscribers con-
tinualv demand to have served them
that which is silly, salacious or malign.
Take a case with which we of Ala
media are familiar: Each of the three
big papers in turn has made a romance
out OF the Fallmer girls crime. One
exceeds the other in its page article
yesterday; but all are worse than trif-
lers in trying to glorify, or to set forth
in any other than odious light, this
person, or to work up the sympathies
of the public in her behalf. Probably
most of the stories that appear are
just as worthy Oh serious consideration
as this one.
BENEFICIARIES AND POLITICS.
Woodland Democrat: Farmers of
California have been made the benef-
ciaries of a special Intervention Of
Providence, and it will be amusing to
watch the Dingleyites claim credit for
it. Of course nothing but a prohibi-
tive tariff could have brought about
the magnificent crops that have been
harvested in this State.
REVIVAL OF BUSINESS.
Humboldt Times: The last Congress
laid the foundations for a new era
of prosperity. The business manner in
which they took hold and handled the
questions before them has given the
people of the country great confidence
in the ability of this Administration to
financial questions. The tariff bill,
covering a vast number of articles, was
passed by Congress and signed by the
President in less than one hundred and
thirty days after the assembling or
Congress. 1t took a Democratic Con-
gress nearly fourteen months to pass
a like bill. This prompitude stands
unexampled and shows the general dis
position of this Administration to carry
out it's pledges and restore the condi-
tions whereby the country would enter
upon an era Of prosperity at the earli-
est possible moment. On July 24th
Congress adjourned; on that day the
tariff uncertainty became a certainty.
The record-union., 1897-08-30
AN IMMUTABLE LAW.

To those who reply to the notice that
wheat and silver are flying apart, with
the remark that the conditions are alb
normal and are due to unhappy fail
ure of crops in sections upon which re-
lance for production had been placed,
there is to be made an unanswerable
response, namely, that instead of the
conditions being abnormal, they are
what may be expected at any time, and
are both responsive to and illustrative
of a world wide natural and CONNER
cial law.
If even the conditions are admitted to
be exceptional, they prove the rule of
the law, a law that is unlimited in it's
scope, applicable in all lands and op-
erative among all peoples, a law that
is coaval with life, and has had no
lapse in its operation since there We're
two men in the world instead of one.
This law is beyond the reach of legis-
lation or any Of the arts of man. 1t
is irrevocable and unvarying. Mani
1SSl Will 5ACdlC4 1OACC at sunny NhAAA~S
than at others, it never has and never
will lose it's vitality. 1t is eternal.
1t is law that reads like this: IF
we produce more than we can consume
and there is no sufficient demand for
the surplus, the price will be low; if
we produce less than is needed for con-
sumption, the price will be high; if We
produce plentifully of that the world
needs, and ours is the chief supply, the
price will be high if the demand ex-
ceeds the supply at home, there must
be input to meet it from abroad, and
the price will be high. If there is no
sufficient demand for the product at
home or abroad, and we have it in
plenty, the price will be low
No matter what the conditions, the
law of supply and demand obtains,
varying only in intensity of motion.
No matter what the commodity. the
law operates. No matter what the
market or the people, the same unwrit-
ten law of exchange of products is
made manifest. 1t is wholly mislead-
ing and evasive, therefore, to say that
the present Is an abnormal condition,
and, therefore, an exception. The law
we refer TO is not one of abnormality,
not one of exceptions. 1t is the same
to-day, yesterday, tomorrow and
forever, and neither theoretical politics.
practical legislation, nor any device of
man can stay its operation. 1t is a
part Of human nature. and so long as
human nature is what it is, it will
endure.