The record-union., 1897-08-01

; AASSfS SOlilC jul VI iiAS OAOiltiS h6 COunli y
with any considerable quantity of gold
dust, and that there are perhaps II.
1 600 now on their way to the gold dig
I gings on the strength of these seven
/ teen finds. and as many as LOO in
/ there who would like to get out, but
can't get the money together for that
! purpose. But the rush to the mines
/ ought to produce one good effect The
! passageway out ought TO be greatly
/ cheapened, as all the ships that go up
the coast full viii come back empty.
CHINESE LABOR.
/ Oakland Tribune: If the present
movements are kept up there will soon
be an army of Chinese unemployed here
and the MOngOlians won't be so anxious
/ to set foot on this country They are
gradually being crowded out of the va
/ rious branches of labor they over mo-
nopoiized, the latest being in this line
/ being the announcement that they will
not be given work in the hop fields this
year. The railroads and public con-
tractors have long since closed their
doors to them, and as white help is
steadily supplanting them as cooks and
servants, the only thing left for them
| W Ii SOOIl Dc LII6lI duIlIIi6S. Il I6 w lSC
men of the race are already drifting
Eastwards, where different conditions
Will for while give them opportuni-
| ties they cannot now find here.
DEMOCRATIC INCONSISTENCY.
Fresno Republican: If a false cry
ever has been raised it is this of the
| Democracy against a protective tariff.
| The Democratic newspapers and ora
| tors have mouthed it for years. until,
if one did not watch the men of that
party, one might almost be led to sup
| pose that they believe themselves in
| their claim that a tariff for protection
| is an abominatiOn But when they are
put to the practical test they invariably
are found giving the lie to their pro-
| te'Stations. So we have the spectacle in
this district, for instance, of a Demo-
! pOpulist Congressman on one day
roundly denouncing a protective tariff
as an iniuuity of iniquities and ON an
other day voting for an increased tariff
on raisins. And he is not alone in his
anomalous position. Everywhere the
Democratic mouth which is adjusted
on one side to denunciation of a protect
i've tariff, is adjusted on the other side
W NOlIIS lOl IL IL StlllSll lultISSlS dI Z
concerned. Boiled down, the Demo-
cratic shibboleth becomes, "a protect
i've tariff is wrong, but please protect
my bean patch"
HE DIDN'T KNOW.
Oakland Enquirer: The price of wheat
is going up and the price of silver is
going down, further demonstrating how
much Mr.. Bryan did not know about
the relationship of one thing to another
Wheat has now touched 81 80 per GENITAL
for the first time in many months, and
most other agricultural products are
moving right along in sympathy with
the great staple. There is good time
coming for the farmers.
CONFIDENCE DOING ITS WORK.
Los Angeles Express: The unpreju-
diced mind has but to regard actual
facts to reach the conclusion that conf
dence has been restored in the business
world and that it is accomplishing
great things in nearly all the industries
of the country. 1t is a most grateful
task to have this fact to chronicle The
partisan who has no business outside
of politics and who rejoices in the dis
tress of his brethren because it makes
business for him, may try to shut his
eyes to the facts, but he will deceive
only himself The business world is
wide awake and politics will not keep
the business of the country from talk
ing advantage of existing circum-
stances; that is, improving conditions
by which they may make money
OF more than thirty cities whose bank
clearances were reported for last week.
all but nine showed material increase
over last year This increase ranged
as high as 80 per cent. and those show
ing a decrease We're nearly all under the
first class. most of them far down the
list. New York showed 14.T per cent
increase, Boston 1919, ST. Louis 207,
Pittsburg II, San Francisco 24h. and
Los Angeles over 10.
WHEAT AND SILVER.
Santa Cruz Sentinel: The reason
wheat has risen in value is that so
many countries have failed to produce
the usual amount, while the demand
has continued undiminished The rea-
son silver has fallen from 2711-16
pence to 2T3S is that the product is
undiminished, while the demand has
fallen off. The events of the last thirty
days should be sufficient to cause those
who calmly weigh facts and reasons to
abandon the idea that silver is more
than a commodity, like wheat, to more
than a commodity. like, wheat, to be
governed by the law of supply and
demand, and not sacred thing to be
venerated or Invested with artificial
value by law Wheat is needed and
the price rises. Silver is not needed
and the price falls. That is the inexor-
able law which, like the law of gravity,
operates independently Of all human
enactments.-S Stockton Independent.
The passage Of the Dingley law will
change the selling value Of protected
goods, for instance sugar and lumber.
Were the people forced to accept silver
the value Of silver would be unchanged
A man may be forced to do what a
horse can not be forced to do. For in
stance while a horse can be led to
water he cannot be forced to drink,
but a man can be forced to drink,
although he is an old topper and hates
anything milder than whisky. But the
intrinsic value of silver would not be
changed were free coinage to prevail,
any more than the intrinsic value of a
piece of paper is changed by the Gov
ernment stamping thereon So. 1t has a
face value of s.. because the Govern
ment has a So gold piece with which
to redeem it, Take from the green
backs this real backing and it's repre-
tative value would fail. And does it
pay. inanctars, for the Government to
pay interest on 500, 100000 in gold to
keep It's greenbacks in circulation and
''as good as gold?'
This is a question that demands ma
tional legislation, and one which