The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1897-07-27
to cease to bleed while she counts her
profits. = Washington Star.

However it may be on shore, when it
comes to the sea and all relating to it,
free trade" England is the most fercely
protectionist of nations. It's merchant
shipping is the finest example of a pro-
tected industry which the world has ever
known.
The capital of the company which is to
operate the new Canadian steamship line
is $40, 900, 900. On this Great Britain and
Canada Jointly agree to pay an annual
subvention of $3.50, 600 for ten years
term, or in all $7,5oo,ooo. This will be
paid even if the new ships do not carry a
single passenger Or ton of freight. ALI
that is expected in return for it is that
the ships will convey the mails and in
case Of need be placed at the disposition
of the Admiralty as merchant cruisers.
Just imagine, for instance, the wild howl
of rage which would go up from our own
free trade politicians and our free trade
press if the Government of the United
States, by way of encouraging American
shipbuilding and ship-owning, and
strengthening our naval resources, should
invite American citizens to construct lines
of ships and offer them out of the National
Treasury cash bonus of ~ per cent. for
ten years in their investment Yet this is
precisely what is being done by the ''free
trade" Government whose policy is being
forever held up for American emulation.
1t is precisely what Great Britain has been
doing for more than halfa century -BoS-
ton Journal
In Massachusetts, in New York, in New
Jersey, in Pennsylvania, in Maryland, in
Ohio, in Iowa, wherever state elections
are to be held this year, the Republican
candidates represent the same views which
the party stood for VIGOROUSLY in the ma
tional election of 1896 The same ele-
ments of credulity and greed are ranged
against them. The gold Democrats-let
their names never be spoken without
honor-in all these states will possibly
have candidates and conduct campaigns
of their own, but it is the Republican
party which will everywhere be recogniz-
ed as the real bulwark of honest finance,
the protector of the integrity of the ma
ton. Within its ranks this year must be
enrolled all men who would make their
opposition to the revived free silver folly
most effective.
If that craze is to be beaten down again
it is the Republican party which must do
it. In all these states Organism has not
only held its own among the Democratic
party, but has actually strengthened its
grip upon the regular Democratic organi-
cations. The Democracy is even more
distinctively free silver party than it was
in Boston Journal
From all the great agricultural States
come reports of tremendous crops. From
the same States come reports of an i'm
proving financial condition and of large
amounts of Indebtedness discharged. The
farmers of the United States will have
money to spend next fall, and consequent
ly trade and manufactures of all kinds will
be stimulated. The country merchants
will be able to make large purchases, and
the city merchants will be able to dispose
of large stocks.
Not only are the big crops in sight, but
the work of transporting them has already
begun The railroads are beginning or in
few days will begin to make money.
The long uncertainty about the tariff is
over. Business knows under what con-
ditions it must proceed, and it will pro-
coed confidently, in harmony with the en-
cour aging facts and prospects all over the
country.
Prosperity for all is here, not prosper
ity of mere paper and hope, but actual,
tangible, resting on the indisputable and
convincing fact of agricultural prosperity,
without which general prosperity in this
country cannot to-day exist. The days of
croaking are past There is work to do
and money to be made by everybody who
is not loafer or an incompetent. The
people of the United States are going to
work and to make money. The prophets
of disaster will find their occupation gone.
The politics of disaster will be made futile
by this period of good times which has
begun.
Prosperity is here.-N Y Sun.
Men like Mr.. Jefferson and Mr.. Hamil-
ton thought it was necessary, not only to
pay attention to the mercial ratio.
but, as the first condition of bimetallism,
to make the ratio conform to the CONNER
cial ratio. They saw, as all men then
saw, and as all who are not lost in their
fixed idea" now see, that the CONNER
cial ratio must be studied and accepted as
the basis of the coinage ratio, else the re-
suit would not be bimetallism, but mono
metallism. Perception and adoption of
this principle was the basis of the first
mint act. Bryan is for free coinage of
silver at I6 to 1, regardless of the market
ratio, now about 81 tot.
Jefferson held that 'the proportion be-
tween the values of gold and silver is a
mercantile problem, aud just principles
will lead us to disregard the legal proper
tons altogether, to inquire into the mar
ket price in the several countries with
which we shall principally be connected
IN commerce and to take an average from
them" Further: "a commission should
therefore be appointed to inquire what are
the proportions of fine gold and fine sill
yer in the markets of the several coun-
tries and what would be proper proper
ton herd, having regard to the average of
their values in those markets; and the
coinage of both gold and silver at our
minis should be at the ratio thus deter
mined"
If therefore, we are to have bimetallism
at all, it can be had, or approach to it can
be had, only through study and adoption
OF the worlds market ratio. The name of
Mr.. Jefferson is probably sufficient to
match that of Mr.. Bryan more especial
ly since Mr.. Jefferson S suggestions were
IN accord with the known laws and the
whole history of money, while Mr.. Bry-
ans are those of most superficial intel
ligence, whose only gift is rafting YER
bosity.-P0ytlaad Oyegonian.
Heavy exports of wheat to Europe con
tinue to draw upon American agencies of
supply, and this country seems just now
to he the only source from, ,,,t,;ct, c.,.o1