The record-union., 1897-09-29

chant by mail q few years ago was
! traced in its travels through the city
for day, during which 1t paid about
500 in debts ard came back to the
| merchant who first received 1t. That
is the way money is working now, ev-
cry dollar paying debts to probably
twenty times its value every day. 1t
is the money in circulation that counts.
! When CIeveland's panic came millions
went into hiding in gardens, safety
vaults. banks, etc, and did no good to
any one The Mckinley boom and the
wheat boom brought it out again and
it is circulated freely. Even silver,
which wasn't stricken down in a
night" as alleged. is circulating more
freely-so much so that more is be-
ing coined to help to pay for the grain,
cattle, fruit and the labor of hundreds
of thousands of working people who
have been added to the industrial forces
of the country In fact, silver seems
to do better under the government of
the Republicans than it would do un-
der free coinage cranks.
CROP FACTORS.
Salinas Index: There is an immense
stock of corn in the United States that
can supply the wheat deficiency with
out material decrease. 1t is estimated
that in case of necessity the United
States could spare from 2O0,000,OO0
to 300 coo, coo bushels of corn without
eXhaustng it's stock. The only uncer-
tain factor in the situation now is the
growing crops of Australia, Argentine,
India and other southern countries.
From the two first named the prospects
are good But Argentina's largest crop
yielded only S0,000,0 900 bushels, and
that Of Australia about 43, ,000,000 In
dia's normal crop is about 10000, 900
/ bushels but little for export is ex-
pected this year AS the San Fran
cisco Evening Bulletin" remarks:
Crops abroad are small enough to
insure the American farmer remunera-
tive prices, but not so small as to bring
starvation or severe hardship to any
one"
SILENCE
Santa Cruz Sentinel If anybody
ever said that prosperity in this coun-
try could never come under the gold
standard he should be allowed the priv
ilege of silence. A mistake as big as
that demands humane treatment.
WOODFORD'S POSITION.
| Oakland Tribune: General Wood
| fords position as Minister to Spain
will not be as enviable a one as some
! people might imagine, especially so If
we have to put our ultimatum into eff
| feet Even with the pacific conditions
now existing between the two govern
ments, ii is necessary to keep squad
| of soldiers continually guarding the
American Legation at Madrid and If
| the threatened diplomatic climax comes
! Woodford's s life will certainly be in
grave danger. Those Spanish students
and wild-eyed Iberian peasants care
nothing for international law. and it is
a pretty sure proposition that the
American headquarters will be attack
| ed if the expected contingency arises.
WHO'S AFRAID?
Riverside Press: Our esteemed con.
! temporary across the water, the Lon
! don Globe, seems to be suffering from
a severe attack of AmeIfcophobia. 1t
talks about our "shuffling, insolent pol
! icy which disregards alike the legal pre-
! scriptiCns and ordinary courtesies of
| civilized nations" An intimation is
given that England would swallow us
''at one mouthful," and the TRADE con-
| cludes as follows:
"The idea of our being afraid of a
fourth-rate power like the United States
could cnly have occurred to sufferers
from q severe attack of swelled head.
America has lost all sense of proper
ton and has forgotten that she plays
only a minor role in the affairs of the
world. We hope our relations with
| America will hereafter be distinguished
| by a firmer tone, as the only way to
avert trouble and make her plainly un-
derstand that we are determined not
to be shouted out of our rights"
We were not aware that anybody
over here proposed to shout England
out of her rights; and as for the swal-
| lowing business England tried that
couple of times and the effort left
very bad taste in her mouth which
seems to be affecting the "Globe" to
this late day. This clustering newspa-
per may be hungry to try the expert
ment again, but we do not believe the
English people have any appetite for
| that sCrt of foolishness.
THEY DO NOT RETALIATE.
Los Angeles Express: The free trade
press prophesied dire results from the
Dingley bill. because the nations Of all
the earth would regard it as unjust
warfare on their industries and would
retaliate by passing laws tending to
stop the importation of American goods
into the several countries.
What has become of all this war un-
! der the black flag of lex talionis? 1t
has failed to put in an appearance for
exceedingly good reasons. Business
knows no law but to buy in the cheap
est MAJ kets and sell in the dearest.
Men buy goods because they can sell
them again and make profit, and no
merchant takes the trouble to inquire
about goods beyond learning their quail
ity and price.
THAT DREDGER.
The Mail of Woodland: Possibly the
! construction OF the dredger is being
delayed until next fall when 1t can De
made to serve in double capacity,
both as a mud and political machlne.
It is pretty safe to predict that civil
service rules will not prevail in select
ing the men to operate it, the political
"pulP' will answer purposes better
| While the dredger bill was before the
LEGISLATURE those pushing 1t through
said that the only trouble they might
experience would be that it would
throw too much mud on the lands ad-
Joining the river The farmers are Will
inc to take their chances and all they
ask is that the great mud machine be
turned loose.
STRIKE REFLECTIONS.
San Jose Herald: According to the
statement of the United Mine Work
lIx-