davidaulloa/AmericanStories huggingface dataset:
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1898-12-21
II. s. E1AYES
LUMBER YARD
AND
P1 a nin Mill
VS.. MONTGOMERY 4 co.

Will carry complete lire of Build
ing Material in stock, such as Frame
Lumber Siding, Flooring, Ceiling,
Moulding, Sheating, Shingles, Plas-
tering, Lath, Doors, Windows and
Frames, Nantes, Stairs and Porch
Work and Inside Furnishings our
speciality.
Good stock, prompt delivery and
reasonable prices our motto. Call
and see us at TYGARD MANU-
FEATURING CO., old Factory.
Estimates for buildings complete
furnished on application
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1898-12-21

No woman is happy woman who
can play solitaire and really think she
enjoys it.
There are probably lots of people in
heaven whose friends are still looking
for them in the other place.
Probably women would understand
men better il they had crying spell
every once in awhile when they
couldn't tell what they were crying
about.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1898-12-21
Union Improvement Go.
SuppIerS Of Natural Gas & Water.
PLUMBING AND GAS FITTING

All who contemplate having plumb
ing or gas fitting done should consider
that little saving in first cost is not
always economy. We buy our goods
at first hands, strictly for cash. We
have expert plumbers and will guar
antee all work, at prices as low as
consistent with first class material
and workmanship. We will be here
to protect our work as long as gas
lasts and people use water.
This is point worth considering
Remember everything first class and
work guaranteed to be according to
the most approved sanitary regula-
tions.
Welsbach Lights Reduced to SL25
Large mica chimneys 40c extra. We
are the only authorized agents for
the genuine ''Welsbach." All other
incandescent lamps are infringements.
| $500 reward for the conviction of
any one selling spurious burners as
"W"
Union Improvement Co.
E. M. GRANT. Mgr.
Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1898-12-21
MoRGANTowN. DEer"BER q, 1858.

one copy, SIX months, postpaid .tt...++'s..t- 10
MoRcANTowN. DEeF"BER q, 1858.
The store keepers are on the home
stretch.
The green Christmas seems likely
to come out on top.
The cold wave struck snag and
we have rain and mud instead.
Hobson had better quit before he
forfeits the esteem of decent people.
The oldest inhabitant is landing
his predictions with great success.
The question of keeping hogs in
the incorporation is bristling up
again.
1t is said that in many places in
the county the roads are passable
for boats only.
That incendiary must have OBJ
jected to the quality of the shows
we have had recently
It's a mean man who passes on
some of the presents he received last
year.
Atkinson may be promised a
judgeship but he won't get it by a
long shot
Old Santa can get a plentiful sup
ply of mud in Morgantown very
cheap.
The conference in Washington
should remember the old adage
about how to cook hare.
The fool who persists in shooting
his companions instead of the game
has been painfully in evidence this
fall.
S-se-e~--
Base ball is q trife out of season
but the University is bound to have
everything that's going so they are
arranging games now.
A holiday Monday is the thing
All the clerks should have some
Christmas and their employers would
like to have day off too.
Some parties recently caught
twenty rabbits in one day and they
will have the chance to pay twenty
times for keeping ferrets when the
next grand jury meets.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28

through that night and two other nights Evory-
whore Barlow the hero Of an alenatcd race.
Italians greeted him with 10Y and Austrians and
Huns shouted praises afi,r him when he spccciy
duckcd away. l. looked like the end OF Roecs.
RIcgs was. in fact. considerably excited HIS
which had set NJ for the linguistic Barlow. RoSGs
could not understand i. II" had never known o.
Barlow as q man Of many nation:iliiie@- Only as 4
fellow with e splendid mory. He sat down ana
thought for an hour. Then. wi'h great 'hetrH
smile. he rose and went in pursuit OF the fellow
speeches. He charged the Ovcrsecr with his work.
and acknowledgment being made. he said to tho
Smcltcr man
Now. here's a hundred. I'll SIT right down horc
and make few words You SEND him around
with these remarks tho night before election.
Barlow started ont chccrfully to say last rare
well in words which the smolter had suggested to
Shcelcy'S and started IN Eayly. He told the Finns
they were hCrSctnicNcs ard The SCUM 81 the 'arih
and not
The ch1irman Of the evening leaned over and
quiVcrDSiy broke the water pitcncr on ms h'd
Three othCr mon hit him and ne broke for IN" win
dow lame lie didn't understand il. but made ioi
the Polish hall ana there pr"HdA assured thc l't'
that they ought to Ice getting 80 CENTS Gay -
especially lborious work instead OF y IhcH dioh
deserve any more. and
Il was with two slack eyes hat 10 stcpfcd TO-
ward to address tn, AISirians. cich; blocks Gown
The street. and the insults ho bad hiithcy h'iP'
Ipon the Po'S ana the Firms wee "ncomiun> ~
comparison with y hat &c now gave inrth- Il iorh
thee police patrol wagons to get MIN 10 hai-r'inii
10 the station ard al iht way. hoping 4" S"OtAe
the polNp'o, MOB. Barlow rid OF oprr""Ti'1s re-
marks in French. ita.iau Danish md nih' "'"rF
81 iIo election u,x, day Eopps toa. r4'lcv D.;
3.tlo I'm a to.Il @. . ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28

'Jo!riN. = .r" = real good h"N :in %" VOW
l,s.O.s wei. NoI shah ...V' +. cOokN
Bat m.mma 7 NIL 30: Doe bribcd. FAcgond'
I.afftr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28

iron. Rae ra.o.lo Tine 'lof-d
Tbs : - ,.or, - to~ 80 c,r".-r '.a.. '.-
o.Du-i,d ~ i... f.iuarr 10 49,. vr.r N.. krt
'.iral W. 'r'n'- sn3"' .'' Hn.l. .r - 'H' or
f,s,r'a'i.e. rom I'D TIE pfeaj .ou.i-i.. .f ''"
~of'd "ta . ,n.'' mag 'i' ~ - ti'
krpr t,- m4i"avr,. a.rc co,.... I,a Ini.r.-
urca 500 Am'fa~r hrhilna MACH COMMANDED
, i,',.,- v '', ,,. a. ,I.n,.', b.,
W,a so,ne tt.a,,,~c 81 d,lr,, ". lam ac..r,.d
h.- nrcra. guest s,; dow 49, ';h"r oNr't-
"n md, H., s'r..,' neg." ....,.. ,n..,.,
co,k'al vh,ch 80 Emperor 'air'a and tossed 81
,..Sgp,Ie' 10 .s' ia"'s aeaa.re d.. "'p-", ..
t Trn'"f il hS rSe s,a'Ii .,c., ' '
in 4. short I'M "a, l.mpofof r'"g'd -out'nani
-om, .n.nr n,i.nd IA. Rand
CAM -, done. ", ih' rcslons' Nh Car."n
'Hut il o.rii 10 10, done. hr'. he'd tnc Emperor
knowinra. ia i~ s"i, q" m"k' me suEr"-""n
e. nne w.': the Am, F.can cocktail liadn
',I,y al in,ans In VIII ,ou without hesitation
rh' i:mp',,, laiscd i,to silence for % fc~ min.
,,r, Tina J, b, r.,urn, The c"n,crsaiion witt
ms u'rhhor. rnarmurinr rath'iic apr'a. Tor Ac-
t-on on alec parl Of Fighting BOB ,..
SAY. can't ha" another one 81 ihos'r ""i'-
80 cine he 'ov respons'. = DON ih.nk i
woul - safe for iao T." arr D. Dangerous ih.nr
I T." ,amIer vi'h Esan. on form -. 49,, ,..,e .,,
lliiar! turned iht matter over ~ ms hill'4 an"
/ ,rnil- o.-IG.i 80 fah- fht LIN Is III IL"
,t',uf,ir Evans" Ne slGd"f.it - rihiinrd 80 IN"
midst Of TN NAL = have . proposition Z" mai,
20 YOU a proposition Nat have Il" ""dbt VIII
/ ic optail' 70 an 81 ~ :, .
+ "Your Mticsty.f responded FIfh'.nr i"i.
3 -Nl..t q. ,ouf pleasure" W. !isi'. VIII f"ei'fi
/ - rf,nos. 90 resumed william. giving MS tiu'-
! t,cYo ., rcrtou. upward movement. ''hAi W. Try
! Am. Ih,r American cocktail h'f'r' proceeding 'Hf-
,h.r wiz th .lclichifgi Icpasi =.
. "llnpns. nl, III" politely r"pt"l "Pi"ih fN'i(
| American ,fuu"tte permit rrN on' ~ h1Hh'i =
fhossnd ~ ripir- bui mus. si1' Il &" 'h' '"''"''
/ t, ~
! Il lillian, accepted 20. lyon 'uio o. ms noe "hd
l fh, Wiu,. "l.ts .. wrr. r'fitd Ncrf.N ih' 'ih'
v,.rt o. and ;he rpfal pu~t iorh uhi" hli'e'i
rro.. u!irth and much satI-iIriu' ,,..
tf.r it IN, evening captain l-'"is l"ihi'''' "'9
rr...t 20 Nsri again g. no f;i'.'It = ii
! ,,,til ard it va ~ tn small hours ""h va
tr,,r.rnr g.: all BE Germans 3oHid"d his I'N"'t
! launch aud rr;Irutd &c. th' lrrP"r."l yh'h'
! Later ~ th' day. 81 daNtT'.,k. ip'"lh r'an
1 ,.-.,ri> Informed "I'gh;iuE fO., ne was i''H
! ftirt,d a. bed that Emperor ~ i'lEifn lI wa.
launch Wa alonr~idc and that IT, tinn'I"I ~.
/ mis- r,-pcrif and wanted o." NOR h"'"''''
I-,itf,. Bob, dressed hastily ana - iiliE "'HI
! thc bringr nffca hs and in"c' e. 20" f'''',''
! n, Kaiser evidently ~ good -h"Ir non ~,
worsc Ter ni- frcqncii Investigations '' we F''"'
! American "hfac"r.' ,. ,.,
"CaItain.' SPOKE ~ Empclo; m"k'ir mo- '.i.,
r,nu. ont al his hands you Americans star WIN
i.feai rAp.di;y rat 'irh W. G'rn"ns i''-h ''''''
! WnHcurcn IL Majr:y came CT board again
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28
M No1IcfD rHr LIhrNr>>.

From Spar Moments.
\ Partisan sv,li recently had cr~>on rI,iurc 81
hirn-slf MADE which h, ard pretended to ihd
fault with.
~ docs not bear iho slightest resemblance 20
me" said ne. and vii 40; tan" H.
Tie artist protested. hut AL 20 10 avail.
After ihr dandy had i';t Tho lainior add'" 10
the portrait magnificent PAIR OF as. AR .'ho
exhibited il IN thu WINDOW thus altered. 20 tn rz'
of tho curious pubic.
IL hadn't been lonS exposed wl'u tho tafrt
entered tn. artists studio lr u towering and
finding that threats amounted 20 moth uI- it AT
last offered 20 bay il. even al coHsid' ran" al
vance upon the original price.
1T WASN'T strange you didnt rcooenz" your 70
~omhlau,o 60 'hc pi'irr' 49, mrs. 'Ai' M |"'h"
"huj knew YOU j motto, iAo Nk'ress - s"oi IS
!. -Llnl .
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28
gui K ABLF liars.

From H., 'n. ago F'ln.h'
-Yo. may ro' rli,s. e. g'nii'm''. '"'c ono
.,,',.. ~. .r,.kIrr their cigars ln from - q.
no,I -Yo. rnaN nor u,lirN' a. hui haN' used
fountain. T'n constantly i"i i"ut F''N '''" nav
r.,.r had So. ..a.t tfo.h' With b.
.'-r.. r.. ,,r..fk..li,. said another STU am
go. f4ts.~ 80 - lfildr,a and never IA" iu ""It
,.. no, 49, nigh; VIZ. . single onr - them
Tn.rr VA o.. silence 20: 81 uinIt' ~ w." ~"
al ",, , do..tt g. -. ta4d 'for can t'~ltf 20
.o-,..t.ul. .irant.r -tl!. have e. tri,f. Nitl"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28
uR pOLYGLOT BARLOW.
.s o.Honns OF Al rNkNowN ToNdrE !" \
POLITICAL CAMPAIGN.

...o The Chicago Record
Tom -, p.,low was plain. honest coai dealer
kTss' u u co sc 10 in Sr 'o neigh IN;
had no'eu o 80" named RogSs, who dominated
bsrins "a as The sun dominates the heavens me
po non BARLOW gave particular aen,l1n 10 husss
sas ma hhrsnlf and hc was very anxious TO learn
s sSs to o "nScon.tai e ,ias 49,. remarkable man
IN one ,ncr,nrv Of ChainlcSS, hdll-bedllns
He h5 iuna yariety-. memory tnIt simply couid
ir1ss- sn,.n lie was Cf those fellows who could
not Dc U'-H',,ch so..jcc and repeat every word OF
80 70 d two year aft,rward, if he could ma
my to hseq re n fGG NOTE % Of ha Initial
heghu 9 Of e00 cars ana go back to the Office
An9 - down those letters and hguI.s on mani
ana ~ - tIa wasn't specially Intelligent over ms
ies sinniy a miracle g.. -" matter OF mcchihl-
cal absolute in.m"IS- i. chance to ont,r roiitics
baiI0'" nomination fOi Inc city Council. Ordi-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28

four year Old boy - nt hoas' ana nc V'' oic any
a., his smart sayings Ia my friends
"1;,ntlcmon remarked fourth. aftcr a. Y"iniLi
p.ugs. Il am fond az hearing Young womcr frac-
10. tt.r.i scales The piano a!i'r hdN" f'tr'd
% rest. Il luls To sleep
one or two Other persons In the group made 80,
hl, att, npi- 20 saN something hUt EAN' = ~. u
-. rr.a 10 T., ~; ih"t III reached the !Hii
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28
HoIGDI,G HorSE SotrfNIES.


lr0m Tlr MlUn,ap0lis IourniI-
The report tha' NJ : h'ol once l.'i ''.i"
Ing lo.i~, h,ic l> confirmed So'r" - ~ b. f'..
bored out are now cag. rig -o.r't g.. Gel. ith"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28

AMI NOR, American 90 Mails We, dcc,d'dis 'r"a
''Frhtifr rob Exam
Ti, tnp,r.r had beer - -. % GIT
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28
BISNIHlLiR ENPERIENCEN.

From Tnc chicago New.
.Ah" sighed ttc elderly ma.dcu from s;on
Do, al. .lo no. know what u j. L. haN' .oN'" and
lost -,
~" sand fhe yong woman from tn West I
can ,how au uuhrokcn string @, victories d. NY
lrnnl n ~ il,ufiiIet ell.ie
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28
ARE YOU TROUBLED!

Tho Magic NnsII Bit" Cure and Insect ia 'fHnato'
ib,tantiy hrdbuss. moths anti n.as roaches SOL
half gal.oHf. u gallDoa. " SAIssAph
A 90 ~ Wa; Z4ih-si.. New York
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-28
TYPEWRITER BARGAINS.

No TcmugouS. 80 Smiths reduced prices. others
ur Guaranteed rentals 50 decks cheap
'o..SDIIpATED TYPEWRITER INtfiANiE.
80. rflarct. 40 IruacA"y-
The Owosso times. (Owosso, Mich.) 1897-1926, 1898-11-04
An Expression of Thanks.

To Owosso FRIENDS:
We wish to express to our many friends
in Owosso our appreciation of their kind
and thoughtful remembrance of us when
our hearts and home were deeply afflicted
IT'S pleasant to be remembered, and
doubly so when the acts of friendship
help to tighten and make easy the heart
aches of life.
While we have made some new friends
we are none the less remindful of those
who have in many ways proved their
friendship is born of the spirit that en-
dures, though earthly things may pass
and be forgotten
May the Good Master be kind to all OF
you is our desire and prayer.
Sincerely,
Mr.. AND Mrs. j. w. SIMMONS.
Ypsilanti. Mich, Oct 20, '98.
The "office practices" given Shorthand
students at the FentOu Shorthand College
enables them to5 "hold" a position after
they secure 1t. Send for free catalogue.
The Owosso times. (Owosso, Mich.) 1897-1926, 1898-11-04
SPECIAL SALE
OF
MILLINERY!

o
Walking Hats-special sale.
Four lots Zoe, 81 co. 81. % and $3.50.
Sailor Hats-special SALE
Three lots 75c, CSC and 81. % each.
One lot Trimmed Hats .... 81 90 each
One lot Trimmed Hats $3.50. $50 each
One lot Trimmed Hats. ...... 1.9S each
OHe loJ laHs.. ................ oc eacn
One lot rams. ...l0c each
One lot Iams. .....-... ..20c each
One lot Silk Baby Bonnets. .25c each
One lot Silk Baby Bonnets. ..38c each
One lot Silk Baby Bonnets. ....75c each
Krob's Millinery.
The Owosso times. (Owosso, Mich.) 1897-1926, 1898-11-04
THE OWOSSO TIMES.

Entered at the Postofice In Owosso for
transmission as second -class matter.
Published everv Friday noon.
The Owosso times. (Owosso, Mich.) 1897-1926, 1898-11-04
@The attention of the public is called
to the fact that | have engaged
in the

RETAIL CARRIAGE BUSINESS I!
All work can be seen in the white be-
lore you buy, and will be finished to
your order. Come and see what have
to offer.
#. Il. SUTFIN,
Cor Water and Exchange Streets, melvin
property Owosso, Mich.
Natchitoches populist. [volume] (Natchitoches, La.) 1898-1899, 1898-12-30
TEN GOOD REASONS.

A few years after the British govern
ment had purchased and operated the
telegraph system in that country, The
earl OF Montrose sent to the house of
lords a report, from which the follow
ing is brief extract:
|. 1t is the governments business 20
transmit intelligence; and that bust
ness includes the use of the telegraph
and all other appropriate means of
transmission.
g. II rates remained the same, an in
crease of profit instead of loss was TO
be expected by reason Of the economies
that would result from a united tele-
graph in combination with the postal
service. The people could keep the
rates up and realize a large profit, or
nut rates down, thereby increasing the
usefulness of the telegraph and taking
their profit in the form of more and
better service for the same money.
They did the latter, and, as a matter
Of fact, they have saved at the low
est estimate $l50,000,000 in twenty-five
Natchitoches populist. [volume] (Natchitoches, La.) 1898-1899, 1898-12-30
High and Low Interest.

The farmers in the Missouri valley
when they borrowed money, between
the years 1854 and 1872, on a farm
mortgage paid invariably as much as
IL to Is per cent interest and some
times as much as 40 per cent per an
mum. But in this issue of the Con-
sentative money to loan at 6 per cent
per annum on farm mortgages is adj
vertised and anxious to be employed.
-Morton's Conservative.
Yes, and from 1854 to 1872 the farm
err paid that rate of interest, made
money, paid off his mortgage, bought
more land and got rich. When the
farmers got cheap interest he also had
cheap produce to sell and the produce
was so much cheaper than the inter-
est that the poor fellow went broke,
his mortgage was foreclosed and ne
and his family were turned out to
grass. Twenty thousand mortgages
have been foreclosed in Nebraska since
the era of so-called cheap interest and
hardly a single foreclosure was ever
made in the state before 1873. We know
many business men in the state that
paid "a per cent interest and still made
a great deal OF money and when the
interest reached per cent those same
men became bankrupt The reason for
this is that In the first period every
thing else was high, business was brisk
and profits were secure, but as interest
went down the price of commodities
went down also, people were doing
business on a constantly falling mar.
ket, the merchants margins were al
gone before they could sell their goods
and Of course they went broke. |
Mr.. Morton can show nothing in favo1
OF the gold standard in Nebraska ex
cept 10000 foreclosed mortgages ant
10000 broken merchants, he and nj
Conservative had better quit bushes
and go goose hunting with Grover tn.
Infamous. -Nonconformist.
Natchitoches populist. [volume] (Natchitoches, La.) 1898-1899, 1898-12-30
NATCHlTOCKEs,L La, DECEMBER 80. 1898.

years. The telegraphing they have
done would have cost them ut least
$3.50, 100000 more than it has cost, In
Guiding expenses of operation, extern
sions, repairs, interest on the capital,
water purchase and all.
3. 1t stands to reason that servant
appointed and paid by himself. and
whose avowed interest and effort are
to line his own pocket with the ut
most possible "giltiness" consistent
with his personal safety, will not con-
duct your telegraph or any other BUSH
ness of yours as we'll as you can DO 1t
yourself or have it done by your own
agent. AS matter of fact, the public
telegraph service turned out to be vast
ly superior to the private telegraph
service according to the universal YER
dict Of the English people.
4. 1t was reasonable to expect that
the government rates would be lower,
because the government would work
at cost and would moreover secure an
absolute economy relatively to private
corporations in the conduct OF the
telegraph In fact, the rates dropped
at once one-third to two-thirds, aver
age one-half, and afterward the orul-
nary inland rate was again reduced al
most one-half.
5. The use of the telegraph doubled
the first year.
6. The government service has
adopted new inventions and shown
progressive spirit in respect to en-
ployes as we'll as the service of the
public.
Z. There has been no complaint OF
violation of secrecy.
s. Nor the least suspicion of partisan
use.
9. The government can be sued and
is sued. Claims against the govern
mel. are tried judicially, the same as
| other claims.
10. Interference with private inter
ests to accomplish a private good i:
not arbitrary and unjust; it Is the yer!
essence of justice and good govern
ment. The private interests Of gam
blers, saloonkeepers, opium sellers
ship owners, house builders, powe
makers, bone grinders. grain elevate
men, etc., private interests both goot
and bad, are interfered with for tn
sake of public welfare. Telegraph in
terests form no exception. The com
panies had already received large re
turns on their investment, and woul
receive full compensation for thei
capital when the public took thei
plant-lnore than full compensation
as 1t turned out.
Natchitoches populist. [volume] (Natchitoches, La.) 1898-1899, 1898-12-30
overproductlOn.

The claim so familiar to us all that
"overproduction" has been the cause,
is itself an admission that the condi-
tons have been bad. And think of the
absurdity of the claim that great ma
tons have been thrown into distress by
producing too much OF the things that
are necessary for the sustenance and
comfort of mankind, and especially
when the suffering has been among the
very classes who do the producing. If
that be true, we stand face to face with
an utterly hopeless future. If overpro-
duction is the trouble. then the remedy
must be to check protection. And how
can production be checked without
throwing more people out of employ
ment, adding 10 the sufferings of the
poor, and agglavating the evils com
planned of. In the name of heaven has
the gold standard nothing better than
that to offer uB?
Natchitoches populist. [volume] (Natchitoches, La.) 1898-1899, 1898-12-30
Law OF Gresham.

"The Gresham law is that bad money
drives out good money, but that good
money cannot drive out bad money"
The Gresham law--that bad money
will expel good"--was named after Sir
Thomas Gresham, an English mer-
chant who died some three hundred
years ago. OF late there has been con-
siderable said about the Gresham law,
and as, 1t is not generally understood
by the public, / shall offer few OBJ
servations explanatory of it. W.
Stanley Jeyons in his work Money and
the Mechanism of Exchange" says:
Though the public generally do not
discriminate between coins and coins,
provided there is an apparent SINH
Iarity, a small class Of money
changers, bullion-dealers, bankers, or
goldsmiths make it their business to
be acquainted with such differences
and know how to derive profit from
them. These are the people who fire.
Quently lincoln money, either by melt
ing it, or by exporting it to countries
where it Is sooner or later melted
Some coins are sunk in the sea OF
lost, and some are carried abroad by
emigrants and travellers who do moi
lcok closely to the metallic value Of
the money. But by far the greatest
mart Of the standard coinasa ID re-
Natchitoches populist. [volume] (Natchitoches, La.) 1898-1899, 1898-12-30
How Can 1t Be Maintained.

The gold standard can be main
tanned in this country only by limiting
the paper currency to an amount less
than we would have il there were no
paper, to which may be added our dis
tributive share Of the gold that would
be displaced by the paper, and then
making the paper vary as a purely gold
currency would vary. In that way the
gold standard can be maintained, if a
debtor nation can maintain it at all,
out In no other way. Such currency
would not be elastic in the sense in
which that term is now generally used,
out 1t would be as elastic as purely
gold currency would be, and its action
would be practically automatic. may
AID mere that If an elastic currency, or
q paper currency of any kind, will pre-
vent the outflow OF gold at such times
Dy keeping up prices, then the stand
ard will go down. 1t would be at such
times, too, when prices are rising and
speculation rife that the demand for
currency would be greatest, and If cur
Teney were supplied in answer to bus
mess demands and to sustain rising
prices, then payments abroad would
have to be made in gold, and sooner or
later a collapse would come. In other
words, to maintain the gold standard,
prices must be allowed to fall, indeed,
must be made to fall, when necessary
to prevent the outflow of gold, so as
to permit the payment of what we owe
abroad with commodities, instead OF
with gold. And If the issue of currency
at such times tends, as it would, to
prevent lowering of prices, then it
would help on the export of gold and
hasten to collapse that must follow
any considerable export of gold. An
elastic currency, therefore, of the kind
proposed is inconsistent with the gold
standard. And in this connection it
should be remembered that as a debtor
nation we are liable to be called on for
gold when otherwise we might be Sc
cure from such demands, and the
lower prices go the more commodities
It takes to pay debts abroad. Never
theless, to maintain the gold standard
prices must be kept at the gold level.
There is no other way.
A. j. WARNER.