davidaulloa/AmericanStories huggingface dataset:
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

of the government, and in order to
bring the advantage of the system
within the reach of everybody the
whole of the well managed and fully
equipped machinery of the French
postal and telegraph departments is
placed at the disposal of the savings
bank department, in most cases with
out charge. Red tape in the manage
ment of the postal savings bank is al
most entirely dispensed with. At
any postoffice in France, Corsica, AL
geria, Constantinople or Smyrna money
may be deposited, transferred or with
drawn. The minimum deposit re-
ceived is one franc which is about 90
cents, but if this is not small enough
one can obtain free of charge saving
bank bulletins with room for 20 cents
worth of 1 or 9-cent stamps, which ne
can buy and affix at his leisure, and
which when filled, will be received and
credited as money.
Thus person can commence saw
ings bank account with an amount as
small as cent. This system has en-
couraged and fostered the frugality of
the French people to remarkable ex-
tent, and has helped to make them, as
whole, the most prosperous people in
the world. Americans, in anything like
good times, have double or treble the
earning capacity of the French, but
they do not save as much money per
capita, and it is fast becoming appar-
ent TO every one that the lack of a safe
system is largely accountable for this
situation.
1t is believed that a postal savings
bank system on the French plan would
be able to do great business in the
United States. Our people are yearn-
ing for some such safe system of de-
posit, and it seems singular that con
gress takes no effective steps to pro-
vide one.
The prominence given this subject
by eminent men and journals devoted
to financial interests is highly encour.
aging evidence that people are awaken
ing to the immensely of this question.
The suggestion is also made that
with u popular postal savings bank
system our government would in few
years receive enough deposits to Ell
able it to refund its national debt al
the rate of interest allowed on such
deposits, Chicago Express.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04
Needs a Change.

The Spring Valley Press says that u
change is needed in that town, and
proceeds to recount the reasons:
The men who make up Spring Val.
ley's city administration are engaged
in the following business
The Mayer-Saloon business.
City Clerk-Saloon business.
Six Aldemen-Saloon business; one
Of them being a highway robbcr.
One Policeman-Late ex-salOonKeep-
err in L4dd.
One Policeman-Agent for brewery.
One Policeman-Abductor of young
men into questionable houses aud q
notorious liar FIX.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

Man has all antiquity sitting on hiA
coat -tails. and the hardest task is to go
forward. he wades. waist deep, in the
obstruction Of his own prejudices and
bigotries. The noble, God-giveu light
of intelligence is shut up in boys
carved calabash-lantern, and casts
only grotesque and hideOus figures on
the mud; while the hard, grass grown
paths of original thought stretch be-
fore him unheeded. Man rarely asks,
what is possible for me to do? But his
inquiry always is, what have my pre-
decessors done?-Ignatius Dornelly.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04
TarlR and Foreign Trad.

The fl lit which Germany and other
European nations are making against
American products is well known. The
organization of Chicago packers and
provision exporters to resist the action
of these nations is also we'll known.
The contest is an international one,
and is keeping our Consular and com
mercial agents abroad as well MS our
diplomatic representatives busy.
The latest effort OF the Chicago COM
bination is to send a delegation to
Washington to protest against the inn
position of heavy tariff duties on Artic-
les coming from :cs> countries to
whichit is desired to .a!! American pro-
ducts. If the United States, they say,
impose a tariff on German products,
Germany has similar right to impose
duties on American products. We
cannot expect to sell to Germany UNI
less we in turn buy German goods.
Thus is the absurdity of the high
protective tariff demonstrated. If we
build wall about the country for the
exclusion of all foreign goods except
Mt ruinous duties, we cannot object to
other nations doing the same. In brief
they are doing just what we are doing,
and if we are right, they also must be
right. Certainly we have no ground
of complaint.
This action of the Chicago packers
and provision exporters Is an acknow-
ledgment that high protective tariff
is : intolerance to trade. OF all beef,
pork and provision products surplus
is produced in this country and mar
lSet for it is sought abroad. For
eigners say let us prohibit the introduce
tion of these American products and
raise our own. The high tariff Ameri-
can says let us manufacture all our
own goods and shut out those OF for
eign countries. The principal in each
case is the same. The Chicago men do
not want it, and strange as it may
seem, they all voted for Mckinley.
Their demand is just, it would be the
quintessence of retribution il they
failed. Rocky Mountain News
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

Whatever may be Che future duties
of populists, there can be no installing
their present duty, which is nothing
more nor less than to pursue the even
tenor of their way in the great work OF
educating the Masses Let future
duties take care of themselves; cross
the bridge when we reach it. The
masses must be educated before any
effective work can be expected. Peo-
pie will not attempt to correct wrongs
until they know they exist, and no eff
fort can be effective in the line of cor
recting wrongs until the people under
stand the remedy. So long as the
masses are ignorant OF what the wrongs
are or how to cure them they will moi
be cured. So let every populist act
Just as though there was not another
political party on earth and push along
the work of education-Inter- Noun
tain Advocate.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

If, then money is the creation of law
the question may arise, how much
money ought the government to create
by law? The answeI' is, enough to
maintain the stability of the general
prices, whether it be one dollar or one
hundred dollars per capita. Stability
of general prices is the aim and end of
all monetary science. Such stability
will do justice between debtor and
creditor. 1t will require the same
amount of property, labor or sacrifice
to obtain an equal number of dollars
at the date of payment as it would
have required at the date of the con-
tract.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

The fact that the precious metals
while the minis are open to their coin
age have an universal demand for
coinage into money does not alter their
character or endow the money func-
lions while they are still bullion. II
no government in the world would
stamp its sovereign authority upon
either gold or silver, the principal de-
mand for those commodities would
be cut off and their price in money,
with fifty years of supply on hand for
other purposes, would be very small.
Neither of them have as many and as
lmportent uses as iron. II there were
a supply Of iron on hand for fifty years
it would be a drug in the market and
the same would be true of the preci-
Gus metals. When we reflect that the
stamp ,or superscription of the GOV
eminent is an imperative command to
all persons having obligations payable
in money, compelling them to accept
the material bearing such stamp or
superscription, we can readily see that
it is not the material which bears the
stamp or superscription showing the
sovereign will, but the sovereign will
expressed by the stamp or super
kcription which makes it money. The
suggestion thatany particular commo-
dity is essential to bear the stamp or
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

So far, then, as money is measure
at all, it measures by quantity, by vol
ume and not by quality, the same as
property measures money by the guam
tity of property for sale. In these re-
spects there is an analogy between
money and the yard.stick. The mater
ial out of which the yard-stick is made
is of no consequence; the length is
everything The same IS true ofmoney;
the material is of little consequence
but the volume as compared with the
demand determines the fate Of the hui
man race, A shrinking volume Of
money necessarily involves a shrinking
price of commodities which means
stagnation, bankruptcy and ruin.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

We have often heard the unlearned
compare money TO yardstick, being
unable to distinguish between dis
lance and the operation of two minds
agreeing upon the terms of exchange
between money and property. They
do not reflect that when money and
property are exchanged the law of sup
ply comes in and influences the esti-
nation of men in making their con-
tracts. If money is plentiful and easy
to get the person exchanging money
for property can afford to give more
than when money is scarce, and the
person exchanging property will there
fore demand more money for his pro-
perty. Inasmuch as the value or sup
ply Of money depends upon the guam
tity of money in circulation the same
as any other commodity, the volume
of the circulating medium when com
pared with the demand will determine
the price which men will give and take
in making their contracts.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

The earnings of American railroads
for January show decrease of per
cent as compared to January of asst
year. The Mexican railways show in
creased earnings Of more than is per
cent over January. 1896. These are
figures collated by Bradstreet's. They
indicate a growth Of trade in Mexico, a
falling off of trade in the United
States. And a growth of trade means
prosperity, and falling off in trade
depression. So these figures mean just
this: Mexico, under the silver stand
ard, is prosperous; the United States,
under the gold standard, is depressed.
The American.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

But it is said that the nation wants
the particular commodity gold as a
standard, and it is insisted that gold is
a stable and reliable standard of value.
The persons who argue thus belong to
the intrinsic value school which, as we
have already seen, is as absurd theory
as to contend that distance can exist
in single point. Inaslnuch as all
property for sale is seeking an ex-
change for money, leaving out of con-
sideration barter, which is too trifing
In civilized community to consider,
and nasmuch as all money in circula-
ton is seeking an exchange for proper
ty, the money in circulation and the
property for sale are reciprocally the
supply and demand for each other; and
when we compare all the money with
all the property which are being re-
ciprocally exchanged, we must take
the average of all the agreements
which the parties make in their eX
changes between money and property,
and this we call general prices as dis
tinguished from the price fixed by the
interchange by two persons of two in
divldual commodities.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

When we reflect that the value of a
thing sold or bought, whether it be
money or property, is what it will
fetch, we marvel at the mistake so
often made that value adheres in gold,
silver, wheat, cotton or any other com
modify, when moments thought will
show that it is impossible to conceive
of exchangeable value, which is the
only value in commercial sense with
out having more than one thing to be
exchanged.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

If these fundamental principles are
not lost sight of it is easy to see that
the money question can be as well un-
derstood as any other science, and the
people need not be fooled by wicked
combinations which corner a commod-
lty and then induce ignorant or venal
legislators to enact laws using that
commodity and no other.-SilYer
knight, Warrington
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04
How Would Direct Legislation Bring Re
lief?

The explanation is very simple. One
congressman represents about 10000
voters. A bride of 2j cents will cor
rupt few voters, but % cents for each
constituent will make $4,000 for a con-
gresham! Ny coal costs me $50 year
more than IL would il the coal and rail
road monCpolies were overthrow.
ManiieStly could not be bribed less
than SEQ. II each constituent were
similarly situated, the monopolies
could afford to pay our congressman
$500, 600 year and still have $500, 900
left! If it were not for the Standard
Oil Company We would be getting oil
at 8 cents retail. The usual price is II
and IS cents / buy about $50 GALLONS
of oil and gasoline a year. Hence /
pay a tax of over s2j year to this SIN
gle trust. s2j for each of 10000 con-
stituents means 81 200, 900 for each con-
gresham.
Every little while some one says TO
me, "But are not our representatives
responsible to us?'
When / ask, How" they usually
say, why, if they do not suit us we
will net re-elect them"
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

1t is only in time of peace when the
moneyed class have monopolized a par
ticular commodity, such as gold or sill
yer, that the absurd theory is advanced
that the will of the government can
only be indicated by the particular ma
ter which is cornered or pooled. In
time of war every government has been
compelled to discard the commodity
gold as a necessary material upon
which to impress the stamp of the gov
eminent indicating the will of the law
giver to make it money. In every
great emergency all nations use paper
or some more convenient material upon
which to print or stamp the law MAX
ing it money. They call this the sus-
pension of specie payments, which
usually means that paper is used in
stead of metal to print or engrave the
decree creating money. France has
repeatedly useu paper instead of metal
in her great wars. England used only
paper for twenty-five years during the
Napoleoric wars. The United States
in the late war used paper instead of
metallic money. We might enumer-
ate hundreds of instances of this kind
in the past, and if war shall occur in
the future no one would think of al
lowing the union to be destroyed be-
cause gold is the only material upon
which the sovereign will of the govern
ment can be indicated by stamp or
superscription.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

Let MS hencetorth and forever refuse
10 lend aid or comfort to any man or
party who advocates redeming one
kind of money with another No COM
promise with wrong!
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

Money is no more tangible thing
than value. 1t is, as was said by Arts
totle more than 1000 years ago crea-
ton of law, and is function, not a
thing. Money is as distant from the
material which is used to designate it
and express the will of the law-giver
as the paper in statute book is dis
tiDct from the law. The will of the
law-giver is indicated by the printed
matter in the book, and not from the
kind of paper used.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

superscription of the government in
creating money is just as absurd as it
would be to say that statute could
only be printed on particular kind of
paper, and that statute printed ON
parchment would be null and void.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

All governments of the mostenlight-
cned nations and of savage tribes, as
well, so far as we have any informa-
ton, reserve to the sovereign authority
the power to create money and prohibit
Die exercise of that power by private
individuals. 1t is true that private
corporations and individuals are some
times authorized to issue paper to cir
culate as currency, but such paper is
always rcdeemable in money and 'is
only form of credit. 1t is not real
bot form of credit. Real money
Whether metal or paper is not redeem
able in other money, but is legal ten
der for all debts, public and private,
and redeemable only in debts, taxes,
and property. Neither gold, silver,
nor any other material which does not
bear the stamp of sovereign authority
indicating the will of the law-giver
that it money, has not the money func-
tions any more than horses, cattle, or
any other property When the law de-
claring that piece of gold or silver of
certain weight and fineness bearing
the government stamp or superscrip
ton, is a dollar and must be received
for all debts, public and private, the
stamp or superscription on the metal
indicates the will of the law-giver as
clearly and as distinctly as the print
ing on the page of law book indicates
to the reader what the law on the sub
iect is.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

When stocks are bought and sold in
the board of brokers, the buyers and
sellers agree how much money shall
be exchanged for given number of
shares of stock, and the average agree
ments of this kind determines the value
pf money in stocks, and is called the
laarket price.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

The truth of this proposition is read
lily understood when we reflect that the
tax gatherer or creaditor is not COM
PEELED to take and ordinarily would
not take piece of uncoined metal in
satisfaction of the tax or the debt. If
ne took it at all he would take it as a
commodity expecting to sell it for
money, and the transaction would not
be cash transaction but would be in
Sne nature of barter.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

When property and money are ex-
changed the amount of money re-
.eived by the vender of the property is
termed the price.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

Estimation which constitutes value
is formed when two persons exchange
property agree upon terms.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04
SCIENTIFIC REVIEW.
or THE THING WE CALL MONEY,
AMEDlUM OF EXCHANGE.

TIT Is not Creation OF Law Where docs
It get its Debt Paying Power? How
Much Should the Government Create?
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

Value is the joint estimation of two
Or more persons and not substance or
the quality of a substance.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

Value can no more be intrinsic or
Inherent in one thing than distance
can exist in one point.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

No combination survives so satisfac-
torily season in and season out as the
blue and white one.
Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-03-04

The prices given above are the rates
paid per annum for each street light
used by the cities. Appeal to Reason.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-10-05
TELEGRAPHIC BREVlTIES.

Bishop and Mrs. w. E. McLaren, of the
Protestant Episcopal diocese of Illinois,
have returned from London.
The funeral services of Gen. Neal Dow
will be held at the Second Parish Church.
in Portland Me-, at 230 o'clock to-day.
Charles De Kay, until recently United
States consul general at Berlin, arrived
with his family at New York last night.
The Right Rev. A. Gaughran, Bishop of
Kimberly South Africa, was a passenger
rived at New York from Glasgow yester-
day.
Thomas R. Burch shot and killed Thomas
Martin Sunday night on a ranch four miles
north of Denver, Col. Burch was watching
for thieves who had been stealing apples
from his orchard, and miStook Martin for
one of them.
A dispatch to the London Times from
Buenos Ayres says that the situation at
Rio Janeiro is going from bad to worse
The financial condition of the government
is critical owing to the great falling off
in revenue.
Mayor Harrison, of Chicago. has decided
to fill the void caused by Governor Tan
ners decinaton to attend the celebration
of Chicago and Illinois day at the Nashville
exposition. Secretary of Treasury Lyman j.
Gage will represent the commission at the
celebration Oct. 3.
The architects of the world have been in
vited to enter competition for the new
building of the University of California.
Models and maps of the ground will be
placed at various accessible points in Eu-
rope and America, and ample time will be
allowed for the preparation of the designs
A new scheme for handling the gold out
put of the Cripple Greek (Col.) mines will
be put into use by the operators in that dis
trict. The plan is to set aside the output
for one month, take the bullion therefrom
and ship it by special train to the United
States mint at Philadelphia in one single
consignment.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-10-05
Murdered by His Nephew.

Special to the IndianaI oils Journal.
GREENFIELD Ind, Oct. 4.-Sunday aft
ernoon, while drawing water at a partner
ship well between the farms of Albert c..
and Benton Scott, brothers, Albert Scott
was killed by the fourteen-year-old son Of
his brother. The boy hit his uncle over the
head three times with heavy pump ham
die and fractured his skull. Mr.. Scott lived
about ten hours but was unconscious most
Special tc the indianapolis Journal.
of the time. The affair was witnessed by
the two little children of the murdered man.
They say their cousin hit their father in
the back of the head while he was stoop-
ing over drawing water, knocking him down
and then hit him twice. The children cried
out: oh papa, Albert is going to hit you, "
but before he could straighten up he re-
ceived the murderous blow. Mr.. Scott was a
large, powerful man. aged forty-seven and
weighed about 10 pounds. There was an al
tercation at the well about a week ago,
when young Albert claims his uncle slapped
him. pulled his ears and threw him over the
fence. He also says his uncle was inclined
to quarrel yesterday and threatened him
with his fists This statement is not cor
rOborated by the little children of the dead
man. The nephew has been arrested and is
now in TAIL.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-10-05

Special to the indianapolis Journal.
PLYMOUTH, Ind, Oct. 4-The annual
convention, Department of Indiana, Dis
trict No. l, w. r. c.. met in this city last
Friday, over one hundred delegates being
present. They were welcomed to the city
by Mayor Johnson. A critical eXemplifica-
ton of the ritual of the order was given
and general business transacted. Among
those present from other cities were: Mrs.
Mary Travis, department president, of
Charlottesville; Mrs. Sims. past depart
ment president; Mary A. Davis, of Michigan
City; Mrs. Yockey Bremen, Mrs. Hart dis
trict president, of Laporte; Mrs Gorsuch
and Mrs. Lavina Calvert, of South Bend;
Mary L. Campbell, of St. Louis; Jane Ryan.
of Walkerton; Mrs. Bertha Buman, of
Knox, and Rosa Isabel, of Goshen. In the
evening an interesting campfire was held
at Centennial Opera House. Judge w. B:
Hess delivered the address of welcome and
Rev. W. w. Raymond spoke on Woman
and her Relations to War The following
officers were elected for the ensuing year.
District president AIRS. Mary A. Davis, of
Michigan City; delegate to national conven-
ton, Mrs. Mary Hilton, of Plymouth; al
ternate, Mrs Lavina Calvert, of South