The Republican journal., 1901-01-31
soIoN cHAsE's TALK.
Imitation of Gold Better than the Free Coin
age of Silver.
From the Boston SUNDAY Herald,

Imitation of Gold Better than the Free Coin
age of Silver.
From the Boston Sunday Herald.
1t is said that the Pullman estate has
increased &C per cent. in the market
value of it's securities within the last
three years. And who is hurt? Logs
is ''riz'' and railroads likewise. Divi-
dend paying railroads can pay taxes. A
bill has Just been introduced in the
Maine Legislature to tax the Pullman
cars that run through the State. Starv-
ing railroads cannot pay taxes.
In 1896 many of the railroads were in
the hands of receivers and paying no
dividends. At that time the railroads
were curtailing their expenses In every
possible direction. Wages were cut
down, men were discharged and equip
ment was run down. There are now
four times as many men employed on
the railroads as in 1896, and at better
wages. The railroad shops are now
working on orders ahead to meet the
demand for new cars. There is the
same elastic swing to the machlnlStS
hammer in the railroad shops that there
is to the lumbcrman's axe in the forests
of Maine.
The farm crops of the United States
raised in the year 1900 were worth $780,
600, 600 more than the crop of 1899. 1t is
not that ''the man with the hoe worked
longer hours and raised more wheat,
corn, cotton and hogs, but wheat corn,
cotton and hogs have ''riz," the same as
logs and railroads. The men who own
the railroads, the men who raise hogs
and the men who cut hoop poles In the
swamps of Somerville are in the same
boat, and receive the same benefit from
gold imitation.
The chief industry in the town OF
Somerville, Me-. besides farming on
small scale, is the making OF lime casks.
The.people sold lime casks to the lime
burners of Rockland to pay the interest
on the town debt. AS lime casks went
down they issued bonds to pay the in
terest on the town debt. 1t was said
that lime was so low that it was good
vile to plaster their houses. When
lime casks went SO low they wouldn't
sell for enough to pay for hauling to
Rockland, to say nothing of the cost of
stock and making, the people of Somer-
will didn't see their way clear to plaster
their houses; but they stopped paying
interest on the town debt and farms
ceased to have any selling value. They
stopped assessing taxes because real
estate had no selling value. 1t seemed
there was no way out for the town of
Somerville and few other towns situat-
ed likewise, only to give the bondhold-
ers possession and let the land grow up
to timber
I. " Dbl
securities has struck hoop poles in the
swamps of Somerville. The rise of for
est products has already diminished the
burden of the town debt one-half. 1t
will not take half so many lime casks to
1896. Lime casks have "riz," and the
swamps of Somerville are alive with
men and boys cutting hoop poles and
getting out stock for slaves and heads,
and other crews are cutting saw logs
and ship timber.
Abandoned farms in Somerville and
in few other towns that have stopped
paying taxes are now valuable because
of the rise in wood and timber The
Pullman securities have doubled in
value since 1896, and so have lime casks.
At that time the railroads were half
starved, and SO were the lime caSk coop
orc Of Con,orril1a ~ VOC cold tLat y.o
oio VI .Dnioi ~ ". co, '''' ~ Vll"v W.
a,na I,ii spin ia W $3.50 woe 10 , l.S
I Ino p tha d" ,' ' conIJ nnt m,oi,a
the -, w ho;aya y Nov ai II ni"ne
tl,o co., ',ha+ olJ ;'eati"n Iae dona
'iiT oen "lim' ,t niJ =; ,,"n IL
h+ u, t of +h ~. vil0
try. The total fund of gold in the hands
" Iile s4 - o. og1oUo gnu
~ el,e So1suis."oea un ny f + ~
rt mol oo5 oold noi " .r,5
'd p'iih1 nnome sly .oaii s'iit'
oi ,ioo.Pe Io1 "a GOO III re a,
~ que "i,0u dda VI - 10 - f rnS
tlinov.ts 10 W ol,o 800 400 1 nnn
tne sun lil se'in az 1nouV 1o,oooo,u9o'
~ s"y io'1la '1ou. ..,t sI b III @ a.
.iGll III I'a ot anu pi'N"'e oailhS anu III
pi I,' d ido"iuSi .,,+ a. fo,n,,. g.,
nc ueillal ls mo- s was oliioliS III
sllNel anu solu lpl llione'aiy purposes
- no" iol soso d l9 pu' llle enlarged
plouuctlon ol solu NOR Inau eonlPell-
safes LOT the loss OF primary money by
Clie demoiletlZatlon Oh silver, ana the ST.
We. yer question mas become oosolete 1of
Che TIME oelhg.
New mines ana new mee19as ol re-
uuclns low grace ores nave aouea 10 tlle
world STOCK OF gola as never BEFORE.
1 ne treasure IN 9outh Africa mas hard-
l! oeen Ioutileu, anu ", wlIiiou. uo9oI,