‘5.
do: and delivered to all
flrders received at E. P.
\ 1'! a {Kl/"lift.“ .
/ __: -~,.,
I. I
I
PEPSIA
194T
Weakcned One Man’s Constitution
Until It Brought Him to
Death’s Door.
Mr. James S. Harrison, awell—known
and highly respected citizen of Cleve-
land. 0.. was for years a sufferer from
dyspepsia and general debility, and in
hisweakened condition, resulting from
the above causes, he had the additional
ill~luck to fall a victim to malaria from
this complication of disorders. Mr.
Barr ..>u.i ‘s condition was becoming very
serious, when be commenced to take P.
P. P.. Lippman’s Great Remedy. Its
effects Were marked and immediate.
Read his letter to us. Its earnestness
is apparent:
GENTLEMEN: For the benefit of all
suffering from dyspepsia and general
‘debility I beg to submit my testimonial
as to the efficacy of your P. P. P., Lipp-
man’s Great Remedy, as a positive
cure for all the distressing complaints
from which I suffered.
My system was also full of Malaria.
and my condition was growing very
serious; I had no appetite, was losing
strength and was completely broken
down in health, but now my health is
completely restored, and I can eat like
a field laborer. without the slightest
fear of any Serious results.
I take great pleasure in. telling the
world that P. P. P. did the grand work
of restoring me to my accustomed
health. ' Yours trul ,
JAMES S. HARRISON,
‘ Cleveland, 0.
If you get up feeling tired andstupid,
P. P. P. should be taken—it will make
you feel well. ' ~
P. P. P. cures eczema, that tortur'
ing, itching disease of the skin and
blood. If your blood is kept pure, you
will 'not be disfigured with pimples,
boils and blotches.
P. P. P. is the deadly foe and van
quisher of rheumatism. Its effects are
immediate and lasting, and it 101: only
relieves, but permanently cures.
Scrofula, which is hereditary and
deep-seated in the blood can be cured
by l’.,P. P. It is the one and only posi-
tive-cure for this dread disease.
Sufferers from kidney troubles find
immediate relief when they take P. P.
r. as it cures all irregularities and re-
stores to nature her proper functions.
Sold by al—l—drugglsts.
UPPMAN cues, Ap—ofiecaries, Sole prop'n.
Llppman's Block. Savannah, Ga.
consumption
reaps '
his richest
harVest
where dis- _
HALE’S
HONEY
eases of _
the throat HQREHUUW
and lungs ‘ ”D
are neglected. TAR
If you have ever tried Hale's Honey of
Horehound andrTar you know what a
safe card it is against throat and lung
trou les. Sold by druggists.
Pike's Toothache Drops cure in one minute.
Special to Readers of This Paper.
Send this “ad.” and 10
cents in stamps and we
will mail you 14 lb. of
g - any kind of Tea you
' may select. the best im-
ported. Good Teas and
Coffees. 25c. per lb. We
will send 5 lbs. of FINE
IAMILY TEAS on receipt of this “ad." and $2.00. All
charges paid. » - (S. L.)
THE GREAT AMERICAN TEA 00.,
31 and 33 Vesey St... N. Y., P. 0. Box 289.
Herace E. Diann, '
sxcnnsrot.
I Iiverv and Sales Stable.
Opposite Danbury and
Net-walk Railroad depot
Norwalk. Conn. Stylish
Single or Double Teams
with or without drivers'
safe horses for women
andchildren. .
SADDLE HORSES A SPECIALTY
'
I
DAVID w. RAYMOND
[Funeral Director all Emlalner
39 Washington Street South Nor. all:
i
\
Residence. Manackemo Hotel. i
. . L
. L0 0 Null 0 ’S hlgggcnmiigfi‘vnaii
Will also take orders for ms.
in New York. Goods call-d
arts of the ton.
eed’s Drug Sto 6
Wall Street, with telephone connection n-
‘3°' a, n. Locxwoon.
Cheap rates.
nouget‘ servxce
[CONTINUED “futon srxrn PAGE 1"
of commodities just what they W‘lfl PNCUI‘O
now at the existing prices. what would you
have gained by the change from the old to the
new conditions?
Fallacy of 50 Cent Dollars.
Money received for wages, like money re-
ceived on every other account. is valuable only
to the extent that it can be exchanged for the
other commodities, and it is scarcely necessary
to suggest that a dollar worth 50 cents will
not purchase as much in the markets as a dol-
lar worth 100 cents. .To call a dime a dollar
would add nothingwbatever to its intrinsic
value or purchasing power; it would still buy
only a dime’s worth of goods. If these proposi-
tions are correct, it is clear that when wages
are paid in a depreciated currency the rates of
wages must be increased in proportion to the
depreciation of the money and in proportion
to the increase in who prices of other things,.or.
the laborer will suffer a loss. But I afiirm that
it is the universal rule that the rates of wages
do not increase in proportion to the deprecia-
tion in the value of the money in which they
are paid, and that when the currency is depre-
ciated the rates of wages do not increase in
proportion to the increase in the prices of the
commodities the laborer is compelled to pur-
chase. If there has been a single exception to
this rule in this or in any other country, my
investigations have not enabled me to find it,
and I do not believe one can be found.
Our War Experience -With Depreciatedl
Currency.
It is not my purpose to weary you by the
presentation of voluminous statistics, or by a
tedious recital of facts, but the particular
proposition now under consideration is of such
great importance in the discussion of this sub-
ject that you must permit me to call your es-
pecial attention to the experience of the labor
ing people in our own country during the years
immediately following the introduction of a de‘
preciated paper currency in 1862 and also to
the very low rates of wages which now prevail
in countries having the silver standard of val-
ue or the so called double standard of value
with coinage of silver at a legal ratio not cor-
responding with the commercial value of the
metal and, in doing this, I will make no state- ._
ment that cannot be fully sustained by reliable
evidence. _ ‘
On the 8d of March, 1893, a subcommittee of ,
the committee on finance in the United States
senate made a report 'on the course at prices
and wages in this country for a period of 52
years. embracing the prices of almost every
article of consumption in common-use among
the people and the rates of wages in almost
every industry carried on during that time
and, in order that you may learn from this of-
ficial and impartial investigation what efiect a
depreciated currency has on wages and prices,
I will briefly state some of the most material
facts and conclusions embodied in that docu-
ment. The subcommittee consisted of five sen-
ators representin both political parties and.
both sides of the currency question, and the
investigation, which lasted nearly two years,
was most thoroughly and impartially made,
with no purpose in view except to ascertain
and report the actual facts, and, so far as it
i relates to questions of fact, the report was
unanimous. As stated heretofore, congress,
early in the year of 1862, inaugurated the pol-
icy of issuing legal tender paper, gold was
driven out of circulation, specie payments
were suspended. the currency began at. once
to depreciate and before the close of the year
the paper dollar was worth less than 76 cents
in gold. From the time thedepreciation began
the price of commoditiesand the wages of la-
bor were paid in paper currency, and the in-
jurious effect upon the interests of .the labor-
ing man is clearly shown in the report re-
ferred to.
Workingznen the Sufferers.
In 1862 the wages of labor. paid in depreci‘
ated paper. were less than 3 per cent higher in
paper than when paid in gold, but the prices
of the 223 articles used by the laborers and
other people in the maintenance of their fam-
ilies were nearly 18 per cent higherthan they
were when paid in gold; in 1863 the wages of
labor paid in depreciated paper worth about
69 cents on the dollar were 10% per cent higher
than when paid in gold, but the prices of the
articles the laborer had to buy with his wages
Were nearly 49 per cent higher; in 1864 the
wages of labor paid in depreciated paper dol-
lars worth 49 cents each had advanced 25% per
cent,_but the prices of the necessaries of life
had advanced 90% per cent: in 1865 wages paid
in paper currency worth 63 cents on the dollar
had advance 43 per cent above the rates pre-
viously paid in gold, or its equivalent, but the
prices of commodities had advanced nearly 117
per cent—that is to say. had more than dou-
bled. and in 1866 wages paid in a currency
worth 71 cents on the dollar had advanced a
fraction more than 52 per cent from the previ-
ous rates in gold or its equivalent. but the
prices of commodities had advanced 90 per
cent. The rise in the rates of wages never cor.
responded with the rise in the prices of other
things until the year 1869. four years after the
close of the war, when the value of our our.
rency was 71 cents (in the dollar, and it was
quite certain that no further depreciation
would occur. In 1860 this country was on a
gold basis and and been on that basis for many
years under the operation of the acts of 1834
and 1837. Wages were then ,paid in gold or its
equivalent and by reducing the wages paid in
a depreciated currency to a. gold basis and
comparing them with the rates paid in gold in
1860 we shall have another demonstration of
the injurious efiects of cheap money on the in-
terests of the laborer.
On this basis the laborer received 76 cents
and 2 mills in 1863. instead of the gold dollar
he received in 1860; in 1864 he received 80 cents
and 8 mills instead of a gold dollar. and in 1865
be received 66 cents and 2 mills instead of a
gold dollar.
In other words, the wages of labor. meas-
ured by gold as they were in 186'). when we had
a sound currency, had fallen alputi24 per cent
in 1863. more than 19 per cent in 1864. and
nearly 44 per cent in 1865. when we had a
depreciated currency, and, gentlemen. the
force of this illustration is greatly augmented
by the facts that these reductions in the rates
of wages occurred at a time when several hun-
dred thousand laborers had been withdrawn
from the field of competiticn. when the gov‘
ernment was engaged in the probecution of a
great war and was expending money lavishly
for all kinds of supplies for the army and
navy, and when the prices of all the products
of labor had largely increase d. _
Surely if there ever can be a time when an
abundance of cheap money will increase the
Wages and improve the condition of laboring
men these results ought to have been. accom-
plished under the combination of favorable
circumstances existing. especially in the great
centers of industry, from 1861 to 1865, and yet
'there has been no other period in our history
when the rates of wages fell so rapidly or so
low. '
Chile's Sad Exp: rlence.
The recent experience of the republic of
Chile furnishes another impressive warning to
the wage earner against the evils of a depre~
ciated currency. That country had for a long
time the so called double standard of value,
with coinage of legal tender gold and silver at
the rate of 16.39 to 1. but as this was a consid-
erable undervaluation of sihfer the coins of
that metal went out of circulation and gold
constituted the medium of exchange and actu‘
al standard of value until about the beginning
of the year 1876, but as soon as the commercial
value of silver fell below the ratio of 16.39 to 1
as compared with gold all the gold went out
of circulation and the country had silver mon~
ometallism. In 1875. before this change took
place, the peso, or dollar of Chile, was worth
about 88% cents in our money, but in 1885, ten
years after, 'gold went out and silver came in,
the peso was worth less than 53 cents in our
money. Silver continued to depreciate and,
besides, large amounts of paper currency were
issued by the government and the banks, and
in 1895, 20 years after the change from the gold
basis to the silver basis, the peso was worth»
'only about 34%. cents in our money.
Let us‘see no w what effect this cheap money.
or, in other words, this system of silver mono-
metallism which you are asked to adopt here.
had upon the wages of labor in that country.
Our minister at Santiago has very recently.
made an official investigation and report upon
this subject, which has not yet been published,
from which it appears that in the ~L.orthern
» part, of Chile, where labor has always been in
greater demand than elsewhere, 01: account of
the great nitrate fields located in that section
of the country, very little change. took place
even in the nominal rates of wages notwith-‘
standing the great fall in the value of the cur-
- AM '
rency—that is. laborers continued to receive ,_ .
In depreciated money about the same amount’ /
they renewed before in good money. In 1875.
when the peso was worth 88% cents, a me-
chanic. a boiler maker, a blacksm ith, a car-
penter, a fireman and an ordinary laborer re-'_
ceived together for a day’s work 18% pesos, '
$16.35 in our money; in 1883 the same pers
received for the same work 207'; pesos, but! -
ing to the do;.-r.~ci..ti: n of the currency this
was equal to Only $2013 in our money, and in
1895, 20 years after the country had descended
to a silverbasis. the some laborers received for
the same work ”125 pesos, but the value of the‘
peso'was less ”than 35 cents. and consequently
their wages amounted to only $8.34 in our men-
ey, or just about one-half of what they had re-
ceived 20 years before. In the central part of
the country the result was supetantially the
same, though not quite so injurious to the la-
borer. In 1875 a day's ways for five men—a
mason, a carpenter. a gaSLuter, a painter and
an ordinary laborer—amomt'od altogether to
$6.45 in our money, but in 1885 the wages of
the some men were $5.53, and in .1895 $4.99. In
the southefn part of the republic there Was
some increase in the nominal amount of wages
paid between 1876 and 1889 on account of the
fact that a line of railway was then being con-
structed through that region 'by foreign capi-
tal, but since the latter date the general aver-
age rate of wages has remained substantially
the same, although paid in a constantly depre‘
ciating currency.
Our minister to Chile, after a very careful
examination of the entire situation in that
country. says:
“It may" be taken for granted that in Chile,
as in all other countries which have had a like
financial experience, the consequences of cheap
money have weighed most heavily upon the
classes that are least able to support the bur--
den.”
The evils of silver monometallism and a do.
preciated currency finally became intolerable
in that country, and, although it produces
considerable silver and very little gold, it has
recently adopted the gold standard of value.
J apan’s Experience.
In nearly every country in the world having
the gold standard of value the wages of labor
have increased materially during the last 25
years, and at the same time the purchasing
pOWer of the money in which wages are paid
has increased also, while in the countries hav-
ing the silver standard of value wages have
been actually reduced by the depreciation of
the currency to such an extent that the labor-
er is in a much worse condition than he was
at the. beginning of that period. Japan, by
far the most progressive and prosperous coun-
try in the east. coins both gold and silver at
the ratio of 16.118 to 1, a ratio which greatly
overvalues silver, and, as the government does
not maintain the parity of the two metals, the
currency is on a depreciated silver basis.
Wages are paid in silver, of course. because
the laboring men and women always get the
cheapest money in circulation. and they gen-
erally pay the highest prices for the articles
they buy, for the reason that their purchases
are usually made in small quantities at a time.
The Japanese silver yen is worth a little less
than 50 cents' in our money, and when the
wages of labor, paid in this depreciated coin,
are reduced to our standard of value, they ap-
pear so insignificant that it is difficult to un-
derstand how the people who receive the misv.
'erable pittance can live and maintain their
families. The average daily earnings of a
bricklayer amount to 33 cents; blacksmiths,
carpenters and cabinet makers receive 30
cent-s; compositors in printing offices, 29cent-s;
pressmen, 26 cents; roofers,‘ 29 cents ; stonecut-
ters, 36 cents; ordinary tailors, 28 cents: weav-
ers, 15 cents. And in all the long list of occu-
pations and wages no laborer, however skill-
ed, can be found who receives more than 49'
_ cents per day, except porcelain artists in the
great city of Yokohama, who get 72 cents. Fac-
tory laborers even in that city, where most of
the great industries are carried on by Ameri-
can or European capitalists, receive 21 cents
per day, and in other parts of the country
they receive less.
Mexico’s Experience.
Our neighboring republic of Mexico, with a
constitutional government very similar to our
own, with an area of 767,“)0 square miles and
a population of only about 12,000,000, with al-
most marvelous natural resources await-ing
development and offering a most inviting field
for the investmentof capital and the employ-
ment of labor. has the silveg standard of
value, gold not being in use. And if cheap
money is a blessing to the laboring man, he
ought to be prosperous and happy in that
country. The Mexican dollar contains 377.17
grains of pure silver, or nearly 6 grains more
than is contained in our dollar, and yet, not
beingsustained by a monetary system which
keeps it-at a parity with gold. it is worth only
about 53 cents in our money. Wages are paid
in silver and are very low in comparison with
the wages paid in this country for the same
services, in many instances not being half as
much, while the prices of commodities gen
erally are much higher than they are here.
The prices of imported articles especially are
exorbitantly high in Mexico, because they
have to be paid for abroad in gold, and the de-
preciation of their money is so great that it
requires nearly $2 in silver to pay $1 in gold.
Although our own silver dollar contains less '
fine silver than the Mexican dollar, one of
ours is nearly equal in exchangeable value to
two of theirs, because here the coinage is lim-
ited and the government issues the coins on
its own account and has pledged its faith and
credit to keep them as good as gold. a pledge
that has been faithfully kept up to this time
notwithstanding the complaints and denuncia-
tions of our free coinage opponents. Under
our policy the dollar paid to the laboring man
for his wages is just as good and will purchase
just as much in the markets as the dollar paid
to the bondholders or to any other class of
creditors, but if we are to have free and un‘
limited coinage of legal tender silver for the
benefit of the owners of the bullion the gov-
ernment and the people at large would have
no interest whatever in the coins, and it would
be grossly unjust to require the government
to kee them equal in exchangeable value to
gold. .‘he dollars, asrapidly as coined, would
e deilvrred to the owners of the bullion free
of charge, and the government would have no
legal or moral right to tax all the people of
the country in order to procure gold with
which to redeem ‘these (private coins. The
value of our dollar woul , therefore, be- no
greater than the intrinsic or commercial value
of the silver contained in it, audits purchas-
ing power in the markets would be diminished
about one-half. but the we es of labor would
remain, for a long time at east. substantially
at the resent rates, or, if they should be nom-
inally increased on account of the depreciation
of the currency, experience in the past shows
that they would not increase in proportion to
the increase in the prices of commodities.
Rises in the rates of wages take lace very
slow] , while the prices of comm ities move
rapid y, at some periods changing several
times 11 the course of a single day. And these
movements are always more frequent and
more harmful when the currency is in an un-
settled condition. _
Attitude of Manufacturers.
You have doubtless observed recently what
appears to be quite a formidable demonstra-
tion in favor of the free coinage of silver by
certain large manufacturing interests in the
. eastern part of the country. upon the ground
that if we continue to maintain our resent
standard of value the silver stander coun-
tries, especially India, China and Japan. will
soon be able to undersell them in the markets
of the world. Reduced to its simplest form,
the proposition of these gentlemen is that the
manufacturers of certain kinds of goods in
this country cannot continue to pay their la-
borers high wages in gold or its equivalent
and compete successfully in the: markets
abroad With the manufacturers .of similar
oods in silver standard countries, who pay
heir laborers low wages in depreciated silver,
and therefore they insist that a monetary sys-
tem shall be adopted here which will we
them the advantage of paying for their In or
in deprectated silver. The heory is that, with
free coinage of legal tender silver, the wages
of labor in this country would be paid in sil-- .
ver dollars worth about half as much as old-
dollars, but the products of labor, w ich
would belong to the employer, would be sold
for gold in t e markets abroad, and that,.the
gold thus obtained could be exchanged fer sil-
ver at about the rate of $1 in gold for $2 in oil
ver, and thus the process would go on, the
employer getting gold of full value and the
laborer ge ting deprec1ated silver, which, in
the o imon of these gentlemen, would be a
most appy solution of this question. '
If the interests of labor are to be left entire-
ly out of conSIderation, and if it were not rea-
sonably certain that a sudden revolutionin
our monetary system would at once arrest the
progress of all our industries and produce al-
most unlversal bankruptcy, this scheme to .
make the employer very rich and the laborer
very poor migh a be Worthy of serious consid-
. . ..,. " ,
'r n E E vs um e x. A 2 no 1 c
oration, but the American laborer has axlghi
to demand pay for his work in as good money -
as the employer receives for his products in
any part of tbe'world. and when he surrenders
this right he is doomed to the same‘fate that
has already overtaken his brothers in the sil-
ver standard countries. . . '
It is but simple justice to say in this con-
nection that the great bod of employers; a
vast majority of the men w 0 have embarked
their capitaljn industrial enterprises and are
relying for success upontheir skill and'energy
in the prosecution of their; business. do not
want t e present standard of value over
thrown. because they know that the establish-
ment of Silver monometallism would be ruin-
ous to them and to all who are dependent
upon them for employment or for the supply
0 commodities at reasonable prices.
Investments of Labor.
the character and amount and purchasing
wer of the future earnings of the American
aborer. it would still be a subject of the grav-
est importance to him. but its importance is
; greatly Increased by the fact that the safety
gand value of a ve considerable art of his
: past earnin s are also involved. he thrifty
and mom ent workingman. anticipating a
5 time when he may be disabled or deprive of
; employment, has endeavored to save some-
- thingloutof his earnings in order to provide
for t e comfort of his wife and children in the
future and has laid it awa at home. or den
' osited it in a bank or bull ing association, or
g invested it in a life insurance policy, or loaned
5 it to some friend in whom he has confidence.
[He is not a debtor, but a creditor, and the
. corporations and individuals having the cus-
l tody of his earnings are indebted to him and
; ought to pay what they owe him in just as
good money as be put into their hands.
Savings Banks and Building and Loan Ao-
sociations.
According to the latest reports. the savings
banks in your own state hold 324. .400 on
i deposit for 83. 802 people, or an average of $257
, for each de ositor.-and in thewhole country
. they hold 1.810.597.000 for 4,875,519 people. or
'an aVerage of $371 for each depositor. _ State
Efflbs' trust companies and rivate banks hold
tionul banks hold 81.701.653.521 or 1.929.340 de-
ositors. of whom 1,7244!» have less than 81.“)0
;' 0 their credit. Besides these institutions there
- are 6.000 building and loan associations in the
. United States. having about 1.800.000 share-
‘ holders, male and female. who have paid dues
in good money amountiu to mate t on 8500,-
000.000. There are nearl 700 of these'associar
tions in the state of Illinois alone. and in these
; institutions many laborers. men, women and
' even, children. have deposited every dollar
they could spare, often denying themselves
. some of the comforts of life in order to lay up
something for a time of need.
a Life Insurance.
More than 2.060.000 of our. people have taken
out life insurance policies, which are now in
force. amounting to $4,:dl2.857,323, and have
paid the premiums on them your after year in
good money, while the mutual benefit and as
sessment and co-operative and fraternal 'com-
anies and associations have 3,500,000 mem~
here. who have contributed a large_part of
their earnings to the funds held to reimburse
losses sustained by sickness or death. The
obligations of these companies and associations
to their members amount to $5.184,670.93§, and
’the industrial companies in the United States
have a membership of 6,919,598, with insurance
amounting to $816,650,678 in-addition to all the
foregoing. and it is constantly increasmg.~ How
many laboring men and women _ have taken
out policies or otherwise contr1buted from
their earnings to insure themselves against
loss by accident while engaged in the rosecu-
tion of their work cannot be accurate ascer-
tained, but the number Is known to very
lar e.
The banks. trust companies, building asso-
ciations and other similar institutions owe
the people of the United States today $5,353,-
138.5le for money actually deposited, a sum
nearly eight times greater than the total capi-
tal of all the national banks in the country,
g while the life insurance policies held by the
people in- the various kinds of corporations
3 and associations and in force today amount to
: $10,203,804.357, a lar er sum than me been ac-
‘ tually invested in a 1 our railroads and about
15 times larger than the capital of all the na-
tional banks.
Free Coinage Would Be an Irrepamble
Wrong.
In view of these facts. which cannot be suc-
cessfully disputed, I submit that you ought
seriously to consider all the consequences to
yourselves and your fellow citizens before you
agree to the free and unlimited coinage of
legal tender silver at a ratio of 16 to 1 in or-
der that these great corporations and associa-
| tions may have the privlle e of discharging
their debts to the people y paying 51 or 52
cents on th‘e dollar, for that is exactly what it
mean? It is a low estimate to say that each
one o the de ositors in savings and other
banks and in uilding assoctattons, and each
holder of a life insurance policy and member
of a mutual benefit and assessment associa-
tion. has dependent upon him or her on aver-
age of at least two other persons; and if so, a
majority of all our people are directly or indih
rectly creditors of hese co orations and as-
sociations and are interest in the preserve.
the payment of their claims in as good money
as this; parted with when they made their
loans deposits or aid their assessments or
premiums. Every do at the people put into
these banks and trust companies and other in-
stitutions and every dollar they paid for in-
surance was worth 100 cents and_woul pro-
cure 100 cents’ worth wtcommodxties in the
' market when they earned it . and when the
invested it. and they have an unquestionable
right to demand that it shall be refunded to
them in dollars worth 100 cents everywhere.
enormous loss upon them, but would so so-
' riouslyimpair- their faith" in the fidelity and
utility of such institutions that attempts t3
accumulate and save surplus earnings woul
be abandofied, or at least greatly discouraged,
fora long time to come._ . ,
But if 'free and unlimited coinage of legal
tender silver at the ratio of 16 to 1 is establish-
ed in this country a very large part_of the
money deposited in these various kinds of
savings institutions will not even be repaid tn
depreciated silver, but will be wholly lost, be-
cause such a reckless monetary system would
precipitate a financial panic which very few
if any. of the deposttories could survive. I
doubt that there is a single financial institu-
tion _in the country that could jsustain the
pressure that would be immediately made
11 on it by its depositors and other creditors
w en it became apparent that our standard of
value was to be lowered and our currenc de-
preciated by free coina 9. Payment of :11 our
obligations held abroa would he demanded
in gold at once; every investment. of foreign
capital in this country would be instant y
withdrawn; every man who owed a debt at
home or abroad would be called upon to pay
it; all depositors in banks and other institu-
tions would want to withdraw their money at
the same time; no loans could be negotiated
and no credit would be given, because no man
would lend money or sell property on time
when he knew with absolute certainty that he
would be paid in a depreciated currency.
Creditors would not wait for the actual pas.
sage of a free coinage law. but as soon as such
a measure Lad received the approval of the
people at an election they would demand their
money, and if not aid they would enforce its
collection by jud cial proceedin s and the
forced sale of roperty. It is use ess for on
and me or any ody else to say that deposi era
in banks and other creditors ought not to pur-
sue this course when a crisis comes or 18 a .
prehcnded, for they aIWays have pursued t
and always will unless human nature itself
should be changed. ' ‘
Less than three years a c you saw our finan-
cial. commercial and in ustrial affairs vio—
lently disturbed by the fear that the overn-
ment would not be able to maintain go (1 pay-
ments and that our currency would descend to
a Silver basis. You saw the p erations of in-
dustry interrupted, banks fail as. great com-
mercial houses unable to meet their obliga-
tions, credit seriously im aired. mills and ec‘
tones closed and thousan sot laborers thrown
out of employment and. estate of panic and
business disorder prevailing in every part of
the country. If a mere doubt as to the kind
of money we‘intended to use produced these
distressing results, what. think you, wouldbe
the probable conse uences of a deliberate de-
termination upon he part of our people to
ado t silver m‘onometallism as a permanent
sys em? The imagination can scarcely con-
ceive the de 'lora le state of society that
would imme iately follow the announcement
of such a policy. and I will not attempt to de-
“:l'ibe it. _ '
It cannot be possible. that in the closuig
years of the nineteenth century and in this
great and free republic the people themselves
W111 imitate the bad example set by the cor-
rupt potentates of Europe, who have made
their names forever odious in history by de-
bastng the money. of their subjects and rob-
bing the industrious poor of the just rewards
of their labor. The greatest crime short. of
absolute political enslavement that could be
committed against the workingman in this
country would be to confiscate his labOr for
the benefit of the employer by destroying the
value of the money in which his Wages are
wild; but, gentlemen, this irreparable wron
can never be perpetrated under our system 0
government unless the laboring man himself
assxsts in forging his own chains.
briefly and as plainly as the nature of the sub-
ject would ermit, some of the reasons why I
think your interests demand the maintenance
of a sound and stable currency, 1 th
most Sincerely for our kind and pa cut at-
tention and will de ain you no longer.
If the solution ‘of this question'afiected only,
888.000 for about 1,590. people. and par .
tionof a standard of value which Will insure ,
The adoption of any policy that wOuld deprive;
them of this right would not only infiict on:
And now, gentlemen. having submitted, as .
kyoll.
CAKE or ToILs'r scan -I-. even»! PAckAcs.
THE Willi nouns
Army Officer Acquiesces In Plans of.
. ' Memphis’ Committees.
NEED AID AT SHAWS, MISS.
Vicksburg Commercial Bodies Want Funds
Applied to Repairing Crevasses.
Conflicting Reports Receiv-
ed at Washington.
Memphis, April 16.—Lieutenant Colo-
nel banger, inspector general United
States army, has left for'Washington,
hav.ng made a careful inspection of the
flood situation in his district, which lies
between Memphis and Helena. The 10-
cal relief committee addressed a letter
to Colonel Sanger asking that he give
some instructions as to the plans for fu-
ture work. The committee expreSsed a
willingness to co-operate with the gov-
ernment officials, but desired Colonel.
Sanger’s opinion'as to the manner in
which the work should be carried on in
order that there might be no conflict of
policy. In reply Colonel Sanger wrote a
letter acquiescing in the plans already
adopted by the citizens’ relief com-
mittee. .
Supplies have been shipped to Mound
City, Vincent and Franklin relief sta-
tions. The majority of the relief sta—
tidns have received a sufficient quantity
of supplies to last until Sunday, when
another lot of rations will be sent out to
be used during the following week.
Lieutenant Edwin Cole of the Sixth in-
fantry, who has been stationed at Fort
Thomas, Newport, Ky., arrived in the
city and willact as one of the distribut-
ing officers under orders from Captain
Davis.
Chairman Gage of the citizens’ relief
committee has received a telegram from
J. P. Patton. mayor of Shaws, Miss,
asking that aid be sent immediately for
550 persons and .l:.eir stock. The mes.-
sage was turned over to Captain ‘Davis,
who will take sens toward giving the
desired relief. Two hundred tents are
on the way from 'Washington to Mem-
phis. When they arrive, they will be
placed in the hands Of Mayor Clapp to
be used for the flood sufferers in an
manner he deems advisable.
Vicksburg-’9 “’ishes. '
Vicksbuig, Miss, April 16.—The board
of trade and cotton exchange has
adopted resolutions urging the score.
tary of war to call a meeting of the
Mississippi River commission and to
take other steps toward having the
money appropriated by the sundry civil
bill applied toward stopping the flow of
water through the crevasses. This the
bodies named regard as of paramount
importance, and the co-operation of all
levee boards and commercial bodies is
invited. Copies of the resolutions were
ordered sent to the Mississippi senators.
..._....-
High Water In Manitoba.
Winnipeg, April 16.—The Red river
rose several feet here today. An Emer:
son dispatchsays the water is rising
rapidly there and is now less than three.
feet from high water mark. All mer-
chants are flooded out. Boats are sail-
ing through the streets. The dispatch
continues: “We can now look north,
south. east and west and see lakes of
water. We are, in fact, surrounded.
There are no other means of exit but
the railway tracks. If the water con-
tinues to rise at the present rate, that
means will be denied to us by the latter
part of the week.”
Still Rising at Kansas City.
Kansas City, April 16.—The river has
risen eight inches since yesterday, mark-
ing three inches above the danger line,
.and is still coming up slowly. The wa-
ter is beginning to spread out over the
lowlands, and the rise therefore is much
slower. The current is still very swift,
and huge trees and other debris in large
quantities constantly pass the city.
Precautions taken against a flood have
in most cases proved effective, and no
serious damage has been occasioned.
Government Reports.
Washington, April 16.—The news that
came to the war department from the
lower Mississippi valley today was con-
flicting. Below Vicksburg the condi-
tions appear to differ'on each side of
the river.‘ From the army officer in
Mississippi comes a. most alarming
statement of the number of people suf-
fering for food, while the inspecting of-
ficer in Louisiana counsels against too
liberal assistance as likely to lead to
bad labor conditions.
Professor Hardy Dead. ‘
New York, April 16.—Professor George
E. Hardy of the College of the City of
New York died today at his home in
Roselle, N. J. Professor Hardy’s death
was the result of 'an operation which
was performed early this weekfor ap-
pendicitis. Professor Hardy was 40
years old. He had been professor of
English and literature in-the College of
the City of New York for the past two
years. -
Alleged \Vild Man at Large. 0
Belvidere, N. J.,, April 16. — An al-
leged wild man is at large in this sec-
tion and many families are greatly an-
noyed by his presence at unseemly
hours. He has been seen in Belviderc
by Officer Baker wandering about 'the
streets. '
.ery company.
of his mother.
I
ARSON IN KANSAS CITY.
Seven Fires Believed to Have Been the
Work of Incendiaries.
Kansas City, April 16.—Since 9 o’clock. ,
last night Kansas City seems to have
been at the mercy of a gang'of incen-
diaries. Between that. hour and this-
afternoon seven fires broke out in .the
very busiest center of the city. At
least four and probably all of those
fires \vere of incendiary origin. While
the majority of the blazes were extin-
guished in their incipiency, two of
themresulted in heavy damages. The
big five story Scarritt bl'cfék in 'Walnut
street, near Ninth, wasidestrbyed, en-
tailing a loss of 8601000,,andfr0m this
structure the flames epfléad 3.0, an ad-
joining structure in main-street, also
owned by the Scarritt’lest‘ate’ and occu~ _
pied by the Campbell as baton Crock-
The‘ building on Main
street was damaged to the ex.ent of
$10,000 and the crockery stock suffered
an equal damage. Only by a very nar—
row margin were other adjoining build-
ings saved from destruction.
It was while this dangerous fire was
raging that the torch was applied in
various other parts of the business dis-
trict. At Twelfth and \Valnut streets
fire was started in a pile of dry goods ,
boxes in an alley. At Twelfth Street
and Grand avenue the torch was ap—
plied to excelsior thrust in the hallway
of a lodging house. At Fifth and Dela—
ware fire was started in the rear of
the Armour building. Another fire
was started near the Loose Bros.
cracker manufactory at Second and
Main streets, and still another at Hill’s
brewery on the east bottoms. In sev.
eral of theSe fires coal oil was freely
used. by the incendiaries. "
At an early hour today, when the
forces of the fire department were scat;
tered and possibly somewhat demoral-
ized, fire v‘vas discovered in G. W. Love-
joy’s planing mill, at Fourteenth and
Main streets. The fire had gained such
great headway that the building was
soon enveloped in flames, and Within a
short time the planing mill, with all its
valuable machinery and a big stock of
manufactured lumber, was in ruins.
The loss is about $17,000. That this fire
and the fire in the Carroll block were of.
incendiary origin there is no direct
proof, but all the indications point to it.
Nor are these fires the first of the
kind recently. About two weeks ago
three were started in two days at Twelfth
and W’alnut streets, but all were extin~
guished without serious loss.
What could be the motive of the in-
cendiaries is purely a matter of specu—
lation, but among the excited business
men who discussed the subject about
the streets the opinion is frequently ex-
pressed that the gambler element, which
has so long held full sway in Kansas
City and which is now forced to quit its
operations, owing to a complete over-
hauling of police administration, is at
the bottom of the incendiaries.
Postmasters Nominated.
Washington, April 16.—The ‘president
today sent to the senate the following
nominations of postmasteqs:
Connecticut—James W. Hague, Tor-
rington.
New Jersey—Benjamin F. S. Brown,
Matawan. ‘
New York—William V. Molloy, New
Rochelle; Dewitt C. Middleton, Water-
town; Alexander P. Milne, Palmyra.
Pennsylvania—Sallie A. Ramsay, Mc-
Kees Rocks; John B. Brown, New Cas-
tle. -
Vermont—Helen I. Campbell, Saxtons
River. , .
. Yale and Harvard to Arbitrate.
New Haven, April 16.—The athletic
advisory committee, consisting of one
graduate each from Yale and Harvard,
has been appointed for the purpose of
deciding all disputes that may arise in
making arrangements for the athletic
contests to take place between these
two universities during the next four
years. The two gentlemen appointed
are Walter Camp, '80, and James J.
Storrow, Jr.
The Salmon Canning Industry.
Astoria, Or., April 16.—The condition
of the eastern salmon market is caus-
ing the packers much anxiety, and un-
less there is an improvement in the con—
dition of affairs the canning industry of
the Columbia river will be totally de-
moralized. No effort is being made by
any cannery to get the few fish which
are brought in by the limited number
of boats out fishing.
A Count Commits Suicide.
Vienna, April 16.—Count Guido Zichy
committed suicide at Seregellyes, a vn-
lage near Stuhlweissenburg, Hungary,
by shooting himself with a revolver.
The act was committed upon the grave
He was 21 years of age
and was a student in the law academy
at Pressburg. It is supposed that grief
over the death of his mother led him to
end his life.
Bombay Plague Decreasing.
Bombay, April 16.—There has been a
great decrease in the virulence of the
plague. Only 390 cases of that disease
and 194 deaths from the same cause oc-
curred last week in this city, compared
with 360 plague cases and 323 deaths
during the preceding week.
One Day’s Government Receipts.
Washington, April 16.—National bank
notes received for redemption, $328,-
986; government receipts from cus—
toms, $606,678: internal revenue, $490,-
029; miscellanemvs $21 59".
q —_
. - ; THE'ORIGINAL
Norwalk Chronicler