davidaulloa/AmericanStories huggingface dataset:
Decorah-posten., 1898-03-08
24oe aasss,,

treble Gang, San Oals.r ars,s]
troliee.
5um foritaur life aa,,r ~
sioer life forituu ben. De-
moselisit I gts6Iittet; men s,,.1
fan bapne fig!
5srit saar bet ub uber p,,,. !.
bersues ben rene, soos S~nOass.r,
iaa bel tranges til Moouso, NJ,
urene, onoe, Tom iittert pil ma, s,'
Barn, os ida suur bet ub p,,, n
r'aar bet tommsr, BET, Tom m, N
funbe brsmt ON = benoss g..
oes mile, sobe Gut, er it,i,t M
grubler os srubIer, fan II, X
Srunbsn. San bar 10 foa By, =,
benbes 9ut.
Wen ielp msb 9uttsn. wiors, u
mig aloris. Ss ban fsIer hi n,1
ufisslis gttt.rbeo imu0 bsnS, i
bun fienbt mig, babe BIN ~
mig, ba Sinbet bar rpot n, Z
= ba tunbe meat nu bare orS,,,l
Site meb fit Blob Tan Bun NJ
9lsre COB isisn i'm Spnb mob \
ten, ben SDno, at bun lob bor1
Der uben of tisnbs ban, BERN
epne til at tunne bjrlpe bon \
'tprte bans Billie, bpie 5ars !
mob bet rem os gobe. /
Sper Mor bar engono eist r, j
belt. Naur bette, ION bet oi,l
alt tiblis slioer bort, itaor IN,
neppe uben Stplb.
Men bpab itaI ieg ba eisy,| i
ger mansen Mor, ION msS ssl
ring fslsr bette, at Barnet sIiSr |
at bun lite tjenber bet mer,, d,
Santslip er itiult for benOs.
Soriss bet emile MibSd,
| biemme. Der er Meors, ION ,r \
me, men lille for fine grrn. n
biemme for i'm Mano, for tit Su.l
fine Sienere, for fine g~sti,nSc |
for fine Born er be lite bjsmn.,
Bar biemms for Dine Barn.
Sper Wano paa fin qlabs bal
gen os Often, / Gabriteyns oaa /
iteoerne og apntorerns. o. n
ftt Sanp, mems be arbetoer for II,
o9 bu Wtor, bu bigger Bit Gam,
ou arbeioer paa at opbp9gs gari
/ bit Barn,
Sterre 9ierning eipss be I'D
itsen, Der siper faa itors Rsrtg
0riftstapital bar ou / bin a
lisbeb. CAB intst binors bis / i
nptte ben til bit Barns Del.
Store 8aper bebepe8 'lts.
Wtors Mast og SnbFB0sIie Gasd
/ be eaer be slimrenOe Goenrcad
ben lisser / aiarliebsbers 6Om |
ie, bere, forftaa. Oct bar ben, !
bapbs sist iaa rist % belt, cr |
li9e Mor. ipm. ibst bun iaa i'd
iasbe ON fig isIp; Seq bar innt
- iss bar fun perst bismms." Il
"9usmpbsren."
Decorah-posten., 1898-03-08

al Sufet meb SO mot 80 Stemmer.
Oct fortaitebe osiaa ct 5oriIas ON at
foitiGtte Sernbanstarterne for pdsias
gerer til 2 Gents pr. Mil. Senatpr
Sarit bar frsmiat 5oriIas ON, at
Sernbanetompanisrne ftdl frlse Sus
len Mil 8illetter til Weblsmmer az
Soma Stats srapelins Wen's asios
citation for $50.
Decorah-posten., 1898-03-08

&c Senatprer, iom bar arbeibet ipr
Saipaiis qnneripn, er MI enbelie fulot
ppsrbspiit ON, al bet er umuIig at ida
Srattaten gootienot at Senatet, ba
ppsr en- Srsoisosl al Senatorerne er
imoo ben. Somiteen for uosnrisIte
Qnlig9enosr boIot / 2sroues ct Msbe
for at oistutere bsrre Sag, men ingen
peb, boiltst ReIuItat be Tom til. De
met rimeligeu er, at be bill foriese paa
at faa Sapaii unnetterst Deb FeIolus
tion. s bet SilfRlbe bar be Stems
mer moi, ba be fun bebsoer Iimpsl Mas
ioritet.
Decorah-posten., 1898-03-08

Z. 8. 6ia, Rreiioent al Greai
Rortbern ganen, bar BEN 2osn cs.
opsrIeDtrst til ben norite Spnpoe en-
"%tpdrrdn!p beso" pda 4 4crss 2anb
mar @amIine llnipsritst, bpor ben
norite Spnobe oil bpsge bet r9s 2utber
Seminar.
Decorah-posten., 1898-03-08
0joroc, bOao DC fnmo c.

SurtIten: "Wisn bet bar ba fpriers
oeligt, at pere b1nste en- Munb unoer
idaounne SmIt9notabeoer! San III
ingen lib til at sisre Bob, % inasn
Brett bIep ttltolot!"
gel" ipdrsoe en- at 9pn6erne, "pi
gioroe, bpao Ri tunos; hi inobso en-
9rsit til at pGrs meo ps; men ban "a,
at ban life piloe blanbs ia / Saaeu."
6eoar Senec Eoh tilial9s bilist.
6 &tits, Sola, @aupaca Co.. isis.
Decorah-posten., 1898-03-08
Ten iapanite @eianbt i @aibinotpr

Zen lapnnite @eiunbt @aibinDtpr
benpenote fig / sorsoass til lloenrigss
Oepartementet meb Soreipergiel / ans
IeOntus be 8 Supunsiere. Tom br9btes
uuber "Maine"z &ataitrpfen. !Ssniigs
ten meb benne Senpenosl'e er rimelig=
pis fun ben at puretage be SrGbtes
Iroin9ers S~nterssIer, bois Spanien
blir boIot aniparlis for lllDtten pe
maa betaIe Staosseritatning. Den
uoritsipenite Mliniitsr Gripp bar ogs
iaa benpenot fig til llpenrissoepartes
mentet / famine Qnlebning % be an
ore 2sgationer tommer til at sisrs BET
famine, ba n9iten ale Hatipnaliteter
bar rspreIentereoe ombprb paa Maine.
Decorah-posten., 1898-03-08

BY DANsKE cambridge.
Shall we know in the hereafter
All the reasons that are hid!
Does the butterfly remember
What the caterpillar did,
How he waited, toiled and suffered
To become a chrysalidl
When we creep so slowly upward;
When each day new burden brings;
When we strive so hard to conquer
Vexing sublunary things;
When we wait and toll and suffer.
We are working for our wings.
Decorah-posten., 1898-03-08
nblnftnins al alGoestamrlf

alabestammsrst Dor uNll'i's
iaapsl iom Sensetamrens, %
f~remtibise @rtitstt, bpts Del !
apinbs, pil ie til, at be tor'qn'''
ct 9inbu, ON bet er mi iaa I'''
penber ub mob 9aurosn. VsH'
ou bill babe en- StjGrm, 'aa u
naitsn alIlass @eir fan Itaa aa' ]
labe 2ps os friit auft itr'nIEn' !
Decorah-posten., 1898-03-08
Santef0rn

Oct er albris furient at gu,
paa fine Sorbomme. b'0I'r =,
8i paaitaar ofts, at sI =
ife bar ituTet os. Os ioa eF d.
@irtelisbsbsn Ri isIo, ION qa'
fell az 0ebfpmmenoe.
Decorah-posten., 1898-03-08

The Spring term of DEBORAH Institute,
twelve weeks, will open April 4ih; the
Summer term, eight weeks, July Sth:
the Fall term, nine weeks. August Goth
the Wirter term, October SYST. Text
books free and day beard 81 % a week.
Decorah-posten., 1898-03-08
Cor Rpinoen.
WINGS.

acoiseret for sec. .golten' al Una donna
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
MICHAEL QUITS THE BIKE
1t is said That He viii Ride Phil
DIVERS UorsPs

ST. Louis, Fb. 1.-THE Post Dispatch to-
day says: The Post Dispatch Is the first
paper TO announce the retirement Of Jim
my Michael. the "Welch rarebt." the
greatest rider the field OF bicycling ever
knew.
The papers this morning announce that
Michael has left Chicago and gone TO
New York. but they fail to give the rea-
SON
From an inside source the Post Dis
patch has learned that MicbaeTs trip so
New York If for the sole purpose Of en-
tering the employ Of Phil Dwycr 49, a
Jockey. and riding his horses this season.
Some time ago a rumor was afoat that
Dwyer had offered Michael "a handsome
salary 70 quit the bicycle Tor the race
track. but the suggestion was laughed 81
al the time and the idea ~ Michael taking
any such step was considered ridiculous.
George McLeisch. MichaeTs manager
for a long time. has been in ST. Louis
since yesterday with jim Kennedy tbe
famous sporting authority Of New YORK.
but both Of these gentlemen refuse % ssy
a word ab0u. Michael and bic plans They
admit, though. that Michael will not 30
seen on the western OF southern circuit
OF bicycle tracks this year.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
BLIZZARD IN THE LAKE REGION
Twenty-Five Inches of snow Falls in
Two Ibays.

Detroit, Mich, Feb. 21.-Reports from
northern Michigan show many snow
bIockades and railway and other travel
badly DELAYED Business at Saginaw and
Rev City is almost suspended. The Mack
inay division of the Michigan Central is
entirely blockaded and the Midland line
is abandoned. No trains have arrived at
Bay City over the Detroit and Mackinaw
road since Saturday.
Milwaukee, Wis, Feb. 21.-The worst
blizzard on record for the time it prevailed
which started on Saturday, finally spent
its fury shortly after midnight, when the
snow ceased falling. The record of the
weather shows fall of % inches in two
days. while the best previous record was
in 1881, when a fall of 26 inches was re-
corded in four days. Street cars through
out the city are running on time on all
the main lines, though the tracks leading
to the suburbs still remain buried. The
Wisconsin Central train which left for
the north yesterday got stuck in a drift
a few miles up the line and the train due
TO leave al a. m. today for st. Paul
and Ashland was abandoned altogether.
No fatalities are reported in this section.
Milwaukee, Wis, Feb. PA special TO
the Journal from Menominee, Michigan,
says: The Menekaumee fishermen who
were lost in the blizzard on Green Bay
Saturday night were found by a Door
county farmer this morning wrapped in
the sails of their fishing sleighs Fnd near
" dead. They were brought home. Their
manner arc John Swanson, Eric Anderson
and Gus Thorenson. Nine other fishermen
are supposed to have persisted and search
ing crews are now out. The storm has
been the worst in ten wears.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
ILLINOIS, COAL STRIKE
Ranks as That states Most Notable
Industrial Event.

Springfield, H., Feb. 21.-The state board
of labor commissioners has just issued a
lengthy report on the coal miners strike
OF last year. The report says that the
strike of 1897, when its extent, number
Of men involved, duration and results are
considered, ranks as the most notable
Industrial event in the state. There were
involved in the strike of last year 307
mines and %, 400 men. In Illinois more
men and mines contained in active service
in the recent strike than in 1894, as was
likewise the case in a number of other
states, notably in West Virginia, Ken
lucky and Iowa. The result was that at
no time during the recent suspension were
the principal markets entirely destitute
of the product. The miners who par
ticipated in the strike have since shared
the benefit of the advance in wages which
has resulted, while at thirty-nine mines
the men continued to work with little
advance and at five mines no change in
the price has been made. The average
duration of the strike in Illinois was
ninety-one days. The greatest gain was
in the northern part of the state. along
the region of The Rock Island road. where
priceshad been lowest. Miners at Spring
field awhile and Streator secured an ad-
vance of substantially &c. per cent.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
BUTTERMAKERS IN TOPEKA
Buttcrmal<ing Contests to be a
Feature of the Convention.

Topeka Kan, Feb. 2l-The National
Creamery and Buttermakers association
began thier sixth annual convention here
today. in Hamilton Han. The convention
Will continue throughout tibet week. The
lower han Of the large building is occu-
pied by machinery exhibits
Around the walls and extending through
the center Of the hall are the booths con-
tanning the exhibits. The decorations of
the hall are very attractive. FLAGS OF the
countries to which the business Of the
huttermakers extends. combined with the
stars and stripes. display the loyalty Of
the various ente-prising exhibitors. At
the east end of the hall. complete
creamery is in operation. The machinery
is propelled ny a gasoline engine.
Beginning tomorrow morning at II
o'clock. also Al o'clock 70 morrow after
noon. and AZ the same time each day dur
Ing the week a buttermakers contest will
take place AT this creamery. The contest
ants Will receive the milk al the back
door 70 the inprovised creamery and sup
erirtend its progress through the various
processes Of development. The judges and
spectators viii occupy a miniature grand
stand erected near the table upon which
the product appears to be tasted and
scored.
Miss Katie puncslf. who operates a
creamery for her father az BJairstown.
Iowa. VIII participate in this contest with
the NTH.
Mr. J. z. Nissley. secretary OF the na-
tional organization. discussing the con-
vention. said:
From the correspondence that 7 have
had during the past week. I am led 20
oe'ic7e ih2 th"rc viii be an immense
gathering here during the week. We viii
have visitors from Maine. New Hamp-
shire. Vermont. and in fact all through
the east. while the majority Of the visit
ing delegation VIII be from Illinois Iowa.
Wisconsin. South Dakota and Nebraska
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
MISS WIZARDS REMAINS
Taken From New York and Now En-
rnute to Chicago.

Now York Feb. 21.-The body OF Miss
Frances =. Willard was taken from the
residence of her niece in this city today
and left on the 9:15 p. m train on the
Now York Central for Churchill \. Y.
Rochester will be reached at 9:l5 a m
tomorrow and the funeral party VIII
change cars for Churchill. where services
will be held over the remains. The Jour
nay will be resumed at p. m. tomorrow
ana the funeral party will reach Chicago
shortly before S a m wednesday morn
ing.
chicago, Feb. 21.-The remains Of the
IA tef'rances Z. Willard viii reach chi
cago about a. m. Wednesday from New
YORK over the Lake Shore. The casket
will be taken 10 willard hall in the tenn
nile building and the remains will lie IN
state there until late in the afternoon
when they viii be taken 20 Evanston.
The funeral services viii be held al the
First Methodist church. Evanston, Thurs
da,- a. II q. m The sermon viii Dc
nraacbed bv Rev Frank II Bristol The
r-ogra.o n the church s. being arranged
nv The officers ~ the National ". c. 7. T.,
who are n New York. and who viii ac-
company tEe 7p---ai '1-'
mains 70 Chicago. On The way Vest
stop win be made a. Chuchviue. y. y
70 permit the people u Miss wizards for
r7e~ home tc view her remains. Accom-
t.arvIus the body. besides tie officers ~
me national union. viii be Mrs L u
stevens. Mss Gordon. Mss Katharine
Williams srd 81. . Mamie Powderly.
Te,egraus were received today from
LADY Henry Somerset 10 have palms and
white roses Iasd On the caskr: in her
name. The Manitoba Tnion tsleEraDEed
that llseg ana wheat be gwen IN SIS name.
The ir-ernent % the body III - pTi-
yzate The remains wiI Re taken - Rose
HH and placed r. 2 receiving vault u1tl
q suitable ste cau be selected f0r their
-erruarent lateruent.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
WHARF FIRE IN MEXICO
One OF the Finest on the Continent
With ~ 900. 900 loss

MONTEREY. Mexico, FEB. 1.-THE raw
wharf ~ Tampt-o. constructed hy the
Central railroad. under government Super
vision. wa totally destroyed t~ l-e Sum
dag T6e Fro started lH a box car on
che east cn 1cf t5s wharf and q1.kfg
spread 20 me Fhafs TIE cause ~ tbs
Grs e. unknown. The ward isna steamer
Yuugri ~zs ai9uEsl1s tho wharf a-H
turned the a-sr stream on the fre {sat
without avail ard tc escape enc Games
eHe Rad ~ steam s5 thr river T. e
Robinson. t-e engineer FRI charge 90 ere
construction. while Gzzriug ths 2 rss.
vas injured bv falling flraofrE ed vll
probably 6ia TIE r1nEtrzrtfo- r. trs
wharf vas erur1er~eE n JAY. fs- ard s.
VS. Considered 20 Re 0-e q fhs fHfst IN
,hls c71tlnert. Ira i.ag-h US r-s fees.
ard al = burned TEs cgs-cns BOISE
orser corsesTuct.er and nearly ~o-aa. 80
was fa-nzre-5 20 tire rzfa-.e - ssssst s-
So. Tse t3eag less o- wasrf. czs-sza asaas
ard ruerr haa1lss = nearly g 80 -. f-ly
Insured
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22

| upon the sundry civilappropriation bill.
II appropriates s44. AS. 500, being SO. 2S4 541
less than the regular and supplemental
estimates, and 1851, $50 less than the ap-
preparations for the current fiscal year.
The bill carries 1925. 900 for the deep
waterways commission, no estimate hav-
ing been submitted by the war depart
ment, but only 5000 for the Paris ex-
position, for which $4,000 was recon-
mended; $4,000 for enlargement of mill
tary forts ZOO. 600 recommended; S13.-
210,613 for river and harbor work ISIS, 093,-
007 recommended, the chief items being as
follows: Humboldt bay. California, s10o.-
900; Savannah, $3.50 600; Cumberland sound
Georgia and Florida, $3.50, 900; Buffalo, n.
Y, $489, 746; Delaware bay, $4,000 Wyama
bay, S. c., S45O,0O0; Sabine pass, Texas,
$780, 900; Duluth. Mimi, $40 13S; Oakland,
Cal. $3.50, 900; San Pedro. 100000 with pro-
vlSo making construction of the harbor
in accordance with plan of board appoint
ed by presidents locks and dams, Ale
gheny river 200; Monongahela river,
West Virginia, $780, 900; Cumberland river,
above Nashville, $3.50, 900; Kentucky river,
$l04 900; Falls of Ohio at Louisville. $751;
go; dams No. 2, 5, / and 5, between Davis
Island dam and dam No. 6, $685.. 900; Chi
cago river, 10000; Illinois and Mississip-
pi canal. 81, 427 40; waterway from Kewee-
nav bay TO Lake Superior, $50 900; Mis-
sissippi river, from mouth of Ohio to st.
Paul, $673, $685. from mouth of Missouri
river to St Paul, $S26 666; from head OF
passes to mouth of Ohio. s19S3, S33; for
protecting bank at charlottesville, No,
500, 600; Missouri river, from mouth to
Sioux City. 100000 $4,000 of which is to
protect banks al St. Joseph, and $4,000 at
mouth of Little Blue
The appropriations for public buildings,
including marine hospitals and quarantine
stations, aggregate 50, 132, 800 recommend
ed. 50. 415,272). a reduction of s1.191 1874 from
the current law. They include Boise City,
Idaho, completing building), $50, 1873; con-
tinuing postoffice at Buffalo, n. Y, under
present limit of cost, $500, 900; rental of
quarters at Chicago, s18,S45; continuing
buldingat Chicago, $10OO,00O; completing
building at Cheyenne, $SS,S53; completing
mint building at Denver, Colo, 100000;
immigration station, Ellis Is
land, $500, 900; continuing building at San
Francisco, $500, 900; $25O,OOO for general re-
pairs to public buildings.
An increase of s25, 600 is made to the
general appropriation for coast survey
work on account of the work TO be made
in Alaska An appropriation of $4,000 IS
made for completing the coast survey
steamer for service in Alaska and Aleu-
tian islands and $1,000 for outfit.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
PRIVATE BILLS IN THE HOUSE
war Claims From South Carolina
FavOrably Acted UpOn.

washington, Feb. 21.-Under the ar
rangements made last week while the
bankruptcy bill was being debated. TODAY
in the house was given up to the consid-
Grafton of private bills. Some pension
bills favorably acted upon at a FRIDAY
night session three weeks ago remained
to be passed before the bills on the caIen-
dar were taken up.
After these pension bills. twentv-seven
in number, had been passed. the house
went into committee of the whole on the
private calendar.
Inc nrst Dill to appropriate 5000 for
damages and injury sustained by New
berry college. South Carolina. while oc-
cupied by a New York regiment as a
barracks in 1865, after Lees surrender.
was opposed by Mr.. Dingley, Mr.. Dalzell
(Rep., Pa, and other prominent RepubIf-
cans. Mr.. Dalzeu declared II was an at
tempt on the part of the Democrats and
southern Republicans to rob the treasury.
Mr.. Cooper Dem, Tex and Mr. Lati-
mer (Dem.. So warmly championed the
BILL The former inveighed against the
spirit OF sectionalism which still prevailed
in certain quarters.
Mr. Mason rep. Pal. Mr.. Walker
Rep. Mass), and other Republicans Joined
in the appeal to the house 70 pass the
bin and it was favorably acted upon
without division.
Two other minor relief bills were also
laid aside with favorable recommended
tons
Mr. Bailey Dem. Tex moved that the
house observe Washington's birthday by
adjourninC over tomorrow. M Dingiey
opposed the motion, but il was carried.
5S-55.
Mr.. DinCley made the point OF no qU0r-
um. which the speaker sustained. At this
moment the hands OF the clock pointed
to 5 o'clock, and the speaker annunced
that under the rules the house was il
recess until 5 o'clock tonight. the evening
session to re devoted 10 the conside-a-
ton Of private bills.
The Republicans desire 20 20 ahead with
the sundry civil appropriation bill tomoE-
row.
Al the night session % the house the
private calendar vas cleared Thirty
eight pension bills ana Two bills remoy-
ing charges Of dasertIou. were passed
Among The pension bills was one grant
ing a pension Of So month 20 Margaret
Custer Calhoun. q sister of General Gus
ter. The bill has already passed the
senate.
A. 1851 O'Clock the house adjourned IN
II. -o-uor~aw
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
YANKEES MAKE GOLF STICKS
And Actually sell Them in John
Bulls Island.

Washington, Feb. Elf there ever
seemed to be case of carrying Goals to
Newcastle, it would seem to be the at
tempt TO make golf sticks in the United
States and sell them in England. Yet
that is just what is being done. At the
pretty village of Hoy Lake, a suburb of
Liverpool there are golf links that are
famous as being the oldest and among the
best in England, the game being brought
there by the Scotch, who have settled in
large numbers in the locality. For num-
Der of years golf sticks and other para
phernalia Of the game made at Hoy Lake
have been exported to the United States.
Quiterecently, however, golf sticks made
in the United States have been sent to
England and their arrival has aroused a
great deal of comment. Within a few
weeks one Englishman resident in Amer
lea has succeeded in disposing of 5000 golf
sticks made in the United States to the
largest dealers not only in England, but
in Scotland as we'll
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
ONE AHEAD OF THE X-RAY
Instrument Invented Which Maps
Internal Organs by Sound,

New York, Feb. 21.-The invention is an
nounced of the phonendoscope, an instru-
ment of wonderful value in studying the
condition OF the internal organs of the
body. 1t is declared by physicians to be
a tremendous advance on the old stetho-
scope. The phonendoscope conveys to the
physician the sounds made by the internal
organs, thus telling him whether they
are healthy or not.
BY its aid he can not only ascertain the
condition ofanorgan but trace its shape.
It has been discovered with the phonen-
doscope that the stomach assumes a diff
ferent form when full of different kinds
of food and drink are digested can also
be studied accurately with the phonen-
doscope. The instrument is the invention
of Drs. Blauchi and Bazzi of France.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-22
B0IES' CURRENCY PLAN
No Matter What the loss, Nobody
Would Lose 1t.

Des Moines, Ia, Feb. 2I-Ex-Governor
Boies has sent the following letter to the
Leader, replying to the criticisms Of the
currency plan advocated in his recent
speech at Fairfield:
Many of my critics think they see q
yawning abyss in the plan for currency
reform outlined in my Fairfield address
into which the treasury of the nation
would be in constant danger of dropping
Il the plan was adopted
Let me see if l can quiet that fear.
Suppose, the plan being in force, A
brings TO the tresury today, one hundred
ounces Of silver worth in the worlds
markets 50 cents an ounce He would
receive for it fifty dollars in certificates
10 be fun legal tender and the treasury
would receive his silver
"One year later he or some of his
friends brings these certificates back TO
the treasury for redemption. Silver has
doubled in value. He would receive for
them fifty ounces of silver. The treasury
would own his certificates. With these
or some other fifty dollars the treasurer
would purchase in the open markets fiftv
ounces of silver, and cover it into the
treasury. That would close one transac-
ton. What is the result?
The treasury has gained fifty ounces
OF silver. a has neither gained nor lost
a farthing.
Multiply similar transactions to any
extent desired. The result is always the
same on u rising market. The treasury
gains the rise. individuals lose nothing.
80 pit there
Reverse the market.
When A returns with his certificates
Tor redemption silver has fallen TO %
cents an ounce. He receives 200 ounces
OF silver and the treasury owns his GER
t+Ecates. With these or some other
equally good fifty dollars the treasurer
Immediately buys in the open markets
2'0 ounces Of silver and covers into the
treasury. This closes that transaction.
"a hat is the result? The treasury has
neither gained nor lost a grain of silver.
nor a farthing Of value. individuals have
nSither gained nor lost farthing OF
Nalue. No pit there.
But suppose silver is cornered in the
markets? What then? Simply redeem