davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25
THE INCREASING VOLUME OF
MONEY.

During the year 1886 the money in circula-
ton in the United States was increased ST.
DIG. s21 and the money in the treasury $751;
O02. 100. This means that the money OF the
United States was increased sl24,019 $50 dur
ing last year. Thus far in 1897 the increase
has continued. The gold of the United
States was increased s93. 500. 600 and that of
the commercial world about Sl25,OO),OO. In
fact. the volume of money in the CONNER
cial world was never SO large and the
facilities for the exchange of represent
atives money were never so complete.
Under these conditions. if there were any
basis for the quantitive theory of money,
as it is called. which means that prices are
quickly affected by the quantity of money
in circulation. prices generally, with the
increase of money. should have been ad-
vancing during the past year. That prices
have not generally and gradually risen may
be accepted as evidence that the quantitive
theory of money is mainly an assumption.
There could be conditions when the guam
tity of money in circulation. or. rather. in
existence. might he so small as TO be wholly
inadequate TO perform the exchange of
commodities. but when the banks have an
abundance of funds. when the rates of dis
count are very low and 90 per cent. or a
nations business is done with representa-
tive money. that condition does not exist.
Two or three of the soundest writer's on
money have held 10 the quantitive theory
of money. They have made very sound
arguments. as pure reasoning. upon as
SYMPTOMS TO sustain their opinions. The
late General Francis a. Walker was the
ablest advocate of the theory. and, because
he believed in it, he advocated international
bimetallism based upon a ratio that would
insure the equal circulation of both gold
and silver. He assumed that such a coin
age would increase the stock or money ana
cause an advance of prices.
The quantitive theory was a godsend for
the advocates of fiat money and the free
and unlimited coinage of silver. 1t was
their best argument. Wheat. they said. was
not worth a dollar a bushel because the
world was on a gold basis. The generally
falling price was attributed to an INSULT
cheney of the circulating medium. 1t will
be the main argument of the silver people
in the future. Nevertheless. the facts are
against them. Wheat has advanced since
July at least so per cent. Corn has fallen
during the same period. If the quantity OF
money i'm circulation affected prices both
wheat and corn would have advanced OF
fallen together. " the quantitive theory of
money were correct. all prices would have
slowly advanced In this country the past
year. because the volume OF money has in
creased.
There is a quantitive theory which affects
prices. and that is the quantity OF a given
article Of merchandise for sale. A short
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25
TWO WILLIAMS.

1t was characteristic of the present En-
peror Of Germany to order a three days
celebration of the centenary of the birth
of his grandfather. William /. and to put
himself forward as the central figure of
the celebration. The young man recently
alluded to by Mr.. Gladstone as having on
II such knowledge and experience. in truth
limited enough, as to have excited astonish-
ment and CONSERVATION when an inkling of
them was given TO the world" undoubtedly
lacks many of the attributes which the
ruler OF a great nation should possess. but
nobody will deny that he possesses bound
less egotism and unlimited gall. If it were
not so he would not embrace every oppor-
, tunity TO pose as the equal of his grand
father and challenge comparison between
himself and that great ruler. From Will
liam / to William III is a very straight line
in legal succession. but a very long descent
in the moral attributes of kingship. The
first William, with the aid of Bismarck,
Won Moltke, and other great men whom he
gathered about him and trusted and leaned
upon, founded the new German empire. 1t
will be a lucky chance if the vain, rash and
reckless young man now at its head does
not wreck it, or at least steer it into a sea
of troubles. The closing years of the old
Emperors reign were spent in trying to
devise plans and secure laws for lettering
the condition of his people. Having founded
and cemented the empire, his chief solicit
tude in the closing years of his life was
that he might cave his people prosperous,
contented and happy. One of the present
Emperors earliest acts was to pick a quar-
rel with Prince Bismarck and get rid of the
man who was more the founder of German
unity than William 1 himself. Since then
he has tried to prove his greatness by
strutting before his people and continually
reiterating his divine right to rule. In one
of his early speeches he said: 1.-The sue
cessor of him who, of his own right became
the sovereign Duke Of Prussia will tread
in the footsteps of his great forefather.
Even as the first King of Prussia said,
My crown is born with me- so do l, like
my imperial grandfather, represent the
monarchy by right divine" From that
time to the present he has been posing be-
fore Europe as the grandson of his grand
father. the anointed agent OF God on earth
and sole custodian of the peace of Europe.
The world is not long deceived by that kind
of self-exploitation. Even his own people
are beginning to ask why he does not give
| some proof of greatness or leadership or
qualifications for kingship. besides mere
assertions and rafting around in the shoes
of his grandfather. Above all. why does he
not show some confidence in the German
people. from whom he demands such I'M
questioning loyalty and homage. and cease
treating them as mere fighting machines
and food for powder?
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

ders- He has a gentle face. with kindly
blue eyes and soft white whiskers. He has
no fads or fancies. but has a horror Of be-
ing written up in the newspapers.
Ex-senator Pugh attempted to enter the
HOUSE of Representatives last week, but
the ~doorkeeper refused TO let him do so. in
asmuch as the House recently adopted a
rule debarring ex-senators from the privi-
leges of the floor. Mr.. Pugh went sadly
away. forgetting for the moment that he
is also an eX-repreSentative. and. therefore,
is entitled TO the courtesy he sought.
Few people, even in Canton. know that
Mr.. Mckinley owns a farm. As far as can
be learned. he never has referred in his
speeches To his being A practical farmer.
When the Wilson bill went into effect. and
he was forced to sell his large flock of
sheep because there was no money in their
fieeceS. he swallowed the bitter medicine
and told the manager of his farm he be-
lieved prices would be better under the next
administration
People don't think of Finland as progress
sive. but in that country the women are
making marked progress. For more than
twenty-five years the gymnasiums have adj
mitted both sexes. and i'm the university of
He!SinSfors there are now two hundred
women students. There are two fiouriShing
clubs of women. About one Thousand are
now employed in poStofficeS. railroad and
telegraph bureaus and other departments
OF the public service; more than nine hun
dred are engaged as teachers in schools of
various grades. and it is not uncommon to
see among their pupils young men of eight
cen who are preparing for an academic or
commercial course. At least three thou
sand women are in business. Fifty-two of
the eighty poorhouses have women super
intendents. and all the dairies are managed
by women.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25
THE ANTITRUST DECISION.

The effect of this decision is to make I'M
lawful all agreements between railway CON-
panies to carry freight and passengers at a
fixed rate. Each railway must carry at its
own rates, and ii competition reduces these
that will rebound to the benefit of the pub
lc.-Chicago Times-Herald.
If joint traffic agreements among rail-
roads are in violation, Of the antitrust law
of 1880, then those agreements among man.
ufacturers which fix prices, limit produc-
ton and adopt the other expedients of
trusts certainly can be reached under the
same w.-Atlanta Journal.
The roads must not expect that the ex-
ecutive department of the government will
fail to enforce the law as laid down by the
Supreme Court. 1t will do so at once.
Therefore all the illegal agreements now in
existence should be dissolved forthwith. or
penalties will ensue.-Chicago Tribune.
1t begins a new era in the history of the
relations of railways to the people. 1t opens
the way TO a mortal blow at those great
trusts and monopolies such as the Standard
on Company. the Dressed Beef Trust, the
Graln Elevator Trust. that rob the people
and grow fat on extortion by means of the
railway associations.-New York World.
1t is refreshing to have the act of 1890 re-
vivified. Under the Cleveland administra-
ton 1t was a dead letter. In his last annual
message the President himself had the eff
~ 1GAA ~ u Illt uDItA
alone-leave it to the several States. With
out being a direct rebuke of that policy, the
decision amounts TO that. for nowhere is
there any suggestion that the law is uncon-
stitutional or inoperative.-Chicago Inter
Ocean.
Every sensible man recognizes the fact
that the discrimination against railroads
has been carried to the furthest extreme by
the Populists of the West and South. But
II must not be understood that the courts
are a~ntagonistic to railroads or corpora
tons OF any kind. The decisions of the
courts are based upon the law and facts.
Inc arguments of the Populists are predi-
cated upon buncombe and braZen stupidity.
New York Commercial Advertiser.
This Judgment must be added TO the long
line of deplorable decisions. beginning with
the legal-tender cases. in which the court
has revealed its weak grasp of the funda-
mental principles of law and government by
1lNiulhS almost evenly upon them. : = .
mat the casting vote should have been
That OF a Judge whose previous judicial
career had held him out as the hope of
those VINO are struggling against socialistic
disorder does hot make matters any better
New York Evening Post.
That a large percentage of the American
people cherish a violent hatred of these
capitalistic combinations we do not doubt
but they are not the whole of the American
people, nor do we believe that they COM
prise the more intelligent and conservative
element OF IL. The decision of course must
stand. but II the prosecuting authorities
ENFORCE the law as Ii may be enforced. taxi
ING advantage of all its possibilities TO
VIII not be long before they are compelled
TO back Eagle.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25


The February number of the Engineering
Magazine contains an historical and de-
Scriptive paper upon the subject herein dis
cusSed. showing in a popular treatise, but
not advocating any particular system or
appliance. that there are several successful
systems in use. and proving that the queS-
ton of economical smoke consumption has
been practically solved i'm many progressive
manufacturing establishments. The paper
is illustrated by "a Photographic plate show
ing ten views of the top of a factory CHM
ney, taken at intervals of two minutes
apart at a time when an automatic appli-
ance Ia mechanical stoker) was feeding
refuse of bituminous coal (slack) to "A boiler
developing over 200 horse power. No smoke
is observable escaping from the stack; but,
on a given signal. the apparatus was dis
connected and the fire fed by hand. Imme-
diately dense black smoke poured forth I'M
til the apparatus was again put into use,
when the smoke was entirely consumed.
The location of the chimney was not
stated. but il is recognizable. owing to its
peculiar shape. as belonging to a large es-
Enlistment in the heart of this city. And
we have ascertained that the apparatus
has been i'm successful daily operation for
a period of more than two years.
This particular device has come into great
favor in England since the enforcement of
smoke ordinances, and at the time of its
importation into this country lin "A modified
form more than four thousand instaIla-
lions were I'm successful operation in Great
Britain.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

taxation cannot be devised by sixty-day
Legislatures. Nor can il be done by one
Legislature in one State, no matter how
long II is in session. The scheme must be
devised by several States through a joint
commission. which subsequently the LeSis-
lature of each of them will give the force
of law. New York has devised several
good plans for the taxation of personal
property. but when an effort was made To
carry them into effect. the holders of the
property had migrated to New Jersey,
where a few months residence would en-
able them to become citizens of that State
and thus escape taxation.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

buldtO 1OuTleT.
Scott Jackson, who was hanged at New
port, Ky, Saturday for the murder of Pearl
Bryan. lived for several years in Jersey
city. whittier his mother. d refined and ed
ucated woman. had brought him to be ed
ucated. He was regarded as a bright, Prom
Using boy. but fell into bad company. He
became a clerk in a railroad freight sta
ton. and. with another clerk named Let's.
established a saloon in which they put two
friends. jackson was caught robbing the
money drawer of the saloon. and after that
a shortage in the freight office accounts of
$4,000 was discovered. Jackson fled. but re-
turned and became a witness against Let's
20 saw himself from going TO prison. Let's
was convicted and sentenced to imprison-
ment. His counsel in his speech shook his
finger at Jackson and said: You may re-
ceive immunity from punishment by turn
ing states evidence, and the arm of the
prosecutor may be sufficient TO protect YOU
against the punishment you so we'll deserve.
but while you are enjoying immunity from
the laws of our State. you should remem-
Der that there is q higher law thar the
statute of New Jersey. There is a stronger
power than the arm of the prosecutor.
There is "A law of retribution. Sooner or
later. and at some time. that
law of retribution. merciless and inexorabie.
Will overtake you. and you will then receive
your just punishment" This was less than
four years ago.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

New York Times.
Few people remember that Lafayette re-
ceiVed for his services I'm American a sum
of money which. whether adequate or not.
was of very comfortable proportions. y re-
hinder of this fact has just been discovered
IN the Treasury Department AT Washing
ton. IL being the warrant issued in 1875 by
william 4. Crawford. the secretary OF the
treasury. authorizing Thomas Tudor
Tucker. the treasurer. Ito pay To- General
LAFAYETTE. or order. $500. go. being the
amount allowed him I'm consideration of his
services and sacrifices in the war OF the
revolution. pursuant to an act of Congress
concerning him, approved 2Sth Of December.
1924. agreeably TO a certificate of the con-
troller of the treasury. dated Jan. \. 49,.
recorded by the register. copy whereof is
filed I'm my office" The is badly
torn and much faded. but IL is still legible.
and on it's back is Endorsed. Received pay
ment. Jan. II. 1875. Lafayette" This money.
with "A township of land. was voted by
Congress while The marquis was making his
last visit to this country and receiving the
cheers and other evidences Of public graft
tude which had long been denied him at
home. There his star set rs that OF Ma
poleon rose, but here the memory OF the
people was longer and his tour was Ike a
~triumphal march. Appreciation Of his serN-
ices finally took a substantial FORM. ana the
grant was doubtless welcome 10 the ola
noble. whose fortune had been seriously en-
croached upon by his early sacrilces Tor
liberty.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

CHICdEO ITTUuUF-
There appears TO be a slump in the rab-
bits foot market. During the last prcsiden-
tial campaign and for a few weeks prior
TO the Corbett- Fitzsimmons mill there was
quite a boom in this industry. and "A rab-
bits foot possessing the proper
qualities sometimes sold as high as 40 cents.
when the whole hare could be purchased
for a dime. Now. however. they have de-
clined 10 - cents and some oyerstocked
Chicago dealers are selling these pedal
charms as low as 10 cents. This decline Is
has suddenly thrown upon the market a
large number of these fetiches which were
sent TO him by thousands OF enthusiastic
admirers all over the country TO induce VIC
tory 10 perch upon his banner Mr.. Bryan.
il * said. has also been quietly disposing
of his surplus In the same way. with the
result that there Is a Glut I'm the market.
For some unexplained reason the talismans
failed 10 work and secondhand charms
ers I'm the occult should invest while the
market Is depressed.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

In surveying a state. say. they measure
from county to county, allowing for a fiat
surface, the consequence being hat the
surveys thus made overlap each other.
The new geodetic survey has been finished.
but it will probably be a year before the
calculations are all completed. When that
is done we shall know the exact shape
and dimensions of the earth. In ali this
there is no politics. and yet in a way it is
as interesting as the distribution of post
offices.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

If the Speaker of the House should de-
cline TO recognize the Populists as a dis
tinct party organization. as they demand.
he would do just what the Populists did
in the last election when they voted for
Bryan and Sewall and for the Democratic
candidates for Congress and Legislatures.
They cannot rail at Mr.. Reed for doing that
for which they nave established a pre-
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

The Missouri Legislature. which ad-
5ourned a few days ago. passed a law pro-
hibiting any person not a citizen of the
United States from performing a marriage
ceremony in that State. Most OF the min
listers affected by the law are Roman Catho-
lie priests. OF whom there are many in Mis-.
souri, AS they seldom vote those who are
foreign born do not often take the trouble
10 become citizens. The new law will com.
pei them 10 do so II they wish TO exercise
the privilege OF performing the marriag,
So far as the church is con.
cerned the legality OF the ceremony would
not be affected by their noncitizenshlp bu
IL il clearly within the province OF the State
10 regulate the matter.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

Come thou slowly-slowly. Spring
Trail thy green robe down the hills:
Still thy tones and softly sing
Dreams of music to the riIls.
Come thou slowly-slowly. Spring
Drift thy sunshine DER the land;
Not too riOtously fling
All dear gifts at thy command.
Come thou slowly-slowly. Spring
Start thy bird ~song-stay thy flower:
-Ah-be wise and gracious-bring
Lingering bliss to each brief hour.
-Emma Carleton. in Courier-Journ
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

The action of the President in reprieving
for ten days the four convicted murderers
in New Mexico known as the BorreSo gang
is of very questionable propriety. Aside
from the fact that the guilt of the men has
been clearly established by their own con-
fessions and other evidence. it is doubtful
if the President has authority TO interfere
in a case where the crime was against ter
ritorial and not against federal law.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25
At the ~IniYersitY.

THAT was a mighty poor report of that
cock fight you fellows had" said the COM
mon citizen.
1T couldn't be helped said the profess
sor-in-chief. The professor Of ornithology
was taking what the vulgar call his day
off, and we had to send-assign, l mean
the professor of zoology. whose real life
work is In the dog fight department."
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

crop OF wheat and an excessive crop of
corn accounts fer the rise OF the former
and the fall of the latter. The same is true
OF money. An increase of the stock is sure
to produce a condition favorable to the
borrower when the season opens and bust
ness nuickcnS-
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25
WOman's Way.

you women said he. in the peculiarly
eXasperating way a man has of saying
those two words. you women buy bargain
things because they are cheap"
w do not" said she. I'VE buy cheap
things because they are bargains"
The distinction was almost too subtle for
the laundering masculine intellect, but it
va thprp
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

The new congressional directory con-
tains the name of James Rankin Young. of
Philadelphia. a few years ago Mr.. Young
was dismissed from his place as executive
clerk of the Senate on a trumped-up charge
of having furnished to newspapers the pro-
ceedings of executive sessions. II was gen.
orally understood at the time that he was
made a scapegoat for leaky senators who
had violated their own rules.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

A comparison Of the valuation of real ana
personal property in this State in 1860 and
1890 furnishes a fine picture of progress in
three decades. In 1860 the total valuation
was s52s. s35.S7l. while in 1890 ii was 5000
s.626. The increase per capita of popula-
ton was from 1922 in 1860 to 1856 in 1890.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

In spite of the fact that the President
desires the ratification of the arbitration
treaty. it is predicted that it will lack the
necessary two-thirds. The Morgans. the
tewarts and the Tillmans constitute more
than one-th.rd OF the Senate.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

Mr.. Delivers speech on the tariff bill
was brilliant and readable, but it showed a
conspicuous lack OF facts and figures re-
duced to their lowest terms. h kind of
a speech on the budget would not be ac-
ceptable I'm the British House of Commons.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

There is quite a difference between a
four years term of office and a life term.
Since the formation of the government we
nave had twenty-five Presidents, several
of whom have served two terms. and only
seven chief justices OF the Supreme Court.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

The Republicans in the Kentucky Legisla-
fure have II in their power 10 elect a United
States Senator. III they fail because of
puerile objections to candidates and the
dissensions of men who place personal feel
ing above the needs of the party in this
crisis, the leaders. or wouId-be leaders. in
that State should be ignored in the future.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

All Republicans favor any reasonable ac-
ton which Congress may take to provide
shelter and food for the sufferers along the
Mississippi. but it i'll becomes an ultra state
rights senator like Jones, of Arkansas, TO
present a bill to that effect.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

When the Senate has nothing to do it
can always count on being entertained by a
long-winded speech by Senator Turpie on
some topic OF remote interest. He is very
fond Of exploiting his intellectual lucubra-
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-03-25

The ST. Louis Republic. discussing the
municipal election in that city. says: IF
the Democrats will unite on a good ticket
they can sweep the city," Possibly. but
who ever heard of Democrats uniting on a
good ticket? 1t takes a bad one TO solidify