Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1899-05-04

oeht sent commission to Europe to &c.
cure foreign aid in abandoning it, what
mas happened since then to make the
american people accept it Is blessing?
III an increased discovery of gold in
Alaska has been Of any advantage to the
United States, it is but another evidence
that the cumulative theory of money is
correct. II a large balance Of trade in
favor OF the United States gives any relief
because OF the money thus brought into
the country, it is an additional argument
in favor Of the quantitative theory OF
money.
"Bimetallists have commended that
times will be made better BY the return
OF the double standard and by the in.
creased supply Of standard money thus
furnished for the business Of the country.
while it is unnecessary to discuss the
question OF ratio until some other ratio il
proposed, it may not be out Of place to
suggest that Is to l, being the ratio at
which the present gold and silver coin
circulates, il the natural ratio at which
the mints should b. recLened. To in.
crease the ratio by increasing the size Of
the silver dollar would necessitate the re-
coinage Of our present silver dollars into
less number vi dollars, and the increase
OF the ratio made throughout the world
would result in large decrease in the
volume Of standard money and since the
value OF dollar depends upon the mum.
Der Of dollars, such q change would nec-
sssarily increase the purchasing power OF
q dollar and increase the burden Of debts.
1t would be equivalent to transfer BY
legislation Of vast amount Of wealth
from the producing classes to the money.
owning classes.
1.-THE attempt Of the republican party
to retire the greenbacks and substitute
for them national bank notes, will give to
that question greater prominence than
it enjoyed in 1896. During the war the
national bank note never became more
valuable than the greenback, because it
Was redeemable in the greenback. The
national bank note is good only because
the national government stands as an in.
dorser OF the bank. If the value Of the
bank note is dependent upon the govern
ment, how can it be any better than the
governments own paper, and why should
the government pay national banks q
bonus to induce them to issue bank notes
which are in no respect superior and in
some respects inferior to the green backs
issued by the government. and for which
the people pay NO bonus?
1.-THE trusts are now absorbing an in
creasing share Of public attention, because
OF their rapid growth during the last two
years. We had q sugar trust and an OF
trust some years ago. We now have .
biscuit trust and a match trust, and 6
meat trust-in fact, a trust in almost
everything that is used. The milk trus
reaches the infant as he enters the world
the ice trust cools him III the summer
the coal trust keeps him warm in the win
ter, while the coffin trust waits to receive
him when life's 6tful dream is oyer. The
people are beginning to see what the
principle of monopoly really means, and
yet the principle OF monopoly, so plainly
illustrated by the industrial trusts, does
not differ at all from the principle OF mon
opolv which underlies both the gold STAR
dard and the paper money trusts.
"The democratic party is prepared te
face the future and meet new issues with
out abandoning the old. The republican
partv has demanded that the standing
army be increased to 100000 men. II
citizens born in the United States are ig
norant OF the burdens Of standing army,
thew can receive instructions from those
horn in European countries. Many Eu'
ropeans who are now worthy citizens o.
this great republic left their European
homes because OF the burdens imposed by
the enormous military establishments.
"a great army may be good thing fo'
the railroad companies which will carry
them from place to place, and for the
large contractors, who will furnish food
and raiment for the soldiers, hut it is
distressing burden upon the plain people
of the country, especially upon the labor
ing men and the farmers, upoh whom III
unfair share of the load has fallen.
"When I was boy l remember visit
ing a wheat field which had been attacked
by army worms. 1t occurs to me thai
this tendency toward large army estao.
lisbment-this new army worm-wii
proye more destructive to the crops oil the
farmer than the army worm with which
the farmers are now familiar.
"Upon the subject OF imperialism
need only add word. The idea OF forcl'
BILE conquest and Of colonization after the
plan adopted by European countries can
ot roco;ve the support OF the people o.