Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1897-07-10

How to Do 1t.
Bvurke Cochran, one of the greatest
Irishmen, living or dead, says
There is a much simpler and more effective
way to make things dear than the elaborate
and rather incoherent plan Of Mr.. Bryan and
his adherents. All you have to do is to burn
one-half of the commodities in the world,
and the price of the balance will at once be
doubled.
This furnishes the only clue to an
answer to the JOURNALS question
that has yet appeared. 1t is this:
The merchant should by law compel his
customer to burn half the goods after pur-
chase, or the customer should by law force
the merchant to do it before purchase
This method is more direct than the
'plan of Mr.. Bryan" etc., and the re-
suit would be the same.
A Sample Argument.
One of the national banks of this city this
week issued some new money. The govern
ment printed it for l per cent, and all that
was necessary to make it money was the
olShdlulCS vi llc plcSlllclll anu CdSllleI. II Is
then ready to be loaned out at per cent.
This is what they call sound money, honest
money that doesn't cost them but one cent
for dollar ncle .Sant
Every dollar thus issued is secured
by a deposit in the Treasury equal
to about Sill.
Or, less the Il cent" it amounts to
at least $l.10 per dollar.
TO further expose Uncle iSam's igno-
rance-a charitable word, the great
majority of banks do not issue the
mailman of circulation allowed under
the law, but prefer approximations to
the minimum, providing for each dollar
a redemptive power reaching from
$l.l0 to $l.39.
If Uncle Sam had been writing of
irredeemable money, which he seems
to know all about, he would have
been no doubt quite accurate in both
statement and conclusion.
But as he was discussing redeemable
money, which he knows nothing about,
he was, Of course, wrong at both ends.
cause and Effect.
A correspondent of the Fredericks-
burg (Na.) Free Press recently wrote
that paper that
under the Van Buren, administration
nearly everything the farmer had for sale was
lower than at present. Horses sold for from
Sl5 to $50, and it took an extra good one to
bring the higher price; colts from IS to $13,
according to age; cows, fresh, from IS to IS;
dry COWS 81 to Sc, and calves for 70 cents to
81 each sheep at 60 to 80 cents, lambs so to
rs cents; hogs 81 to $3 bacon cents per
pound; turkeys 10 cents each, and chickens
for the asking; eggs 1 to cents per dozen
corn % to 80 cents per bushel; flour 50 50 to
50 per barrel for the best, mill offal % to 80
cents per 100, or to cents per bushel; hay
at any price they could get and everything
else in proportion.
"Money" he said
was scarcer than ever known before or
since, even the United States Treasury beng
well nigh empty.
The late Hon. A. H. H. Stuart, of
Staunton, Va, told the correspondent
few years before his death that he
was in Congress about that time and
there were only few thousand dollars in the
Treasury and the Government officials had
to go upon the streets of Washington and
borrow money to pay the officers salaries
All of which, the correspondent
states in effect, was the direct, i'm
mediate result of "Jackson's crush of
the money power"
But as each generation of green
horns has to learn for itself the morals
which grow out of lessons of folly, it
is probably impossible to convince the
latter-day saints of so-called demo-
cracy-people who have gotten their
history through such channels as
COINS Financial School-it is prob
ably impossible, we say, to convince
them that JackSon's retaliatory course
toward the United States Bank had
anything to do with the panic of 1887.
With them the man who was the
author of the vicious, dangerous text
''to the victors belong the spoils," who
was the puppet of the first "kitchen
cabinet this man seems to be model
whose political purity, not to say per-
sonal integrity, must not be questioned.
Just here the JOURNAL would like to
ask whether man who estimated
the honors and emoluments of agency
for self-government by free people
no higher than the bandits name for
plumber, would be any too good to de-
mand his share of the loaf which the
Frostburg Ne~S, quoting from some
body not San uurivaled historian"
says was at the command of congress
slonal subsidy-hunters 4?
The case against jackson grows
stronger that is, the case as defended
by the Frostburg Meas.