OCR Text |
Show VOL. Ill IS OWNED AMERICAN 1SY HANNA. MKINLEY WILL NEVER PRESIDENT. I BB OUR He Kadanad Kalai for 110.000 While Taatt-laolU.U'IO (lily Ha Hi Wart k fro ia Ilia Chlaf Organ la Maw Turk City. aj Before the New York Sun became tbe slavish organ of McKinley and McKin- ley lem It had something to nay of the man and lile record. It frequently warned the republican party agalnet tbe folly of nominating a candidate who was owned by a syndicate. On May 15 of this year tbe Sun gave the following summary of the situation, and of McKinleys subserviency to ll&nna, Koblsaat and Herrick: Most of the minor McKinley bosses who were sent here to protest that McKinley is all right" on the money question went home yesterday. Their mission was fruitless, like the similar missions of John Sherman and Col. Charles H. (Irosvcnor. Neither has the calllopean clamor of If. 11. Kohlsaat of Chicago that McKinley Is sound on the currency had any weight here In New York. All that the minor McKinley bosses heard while in this territory was that the republicans of the great eastern states want a candidate for president who will be a safe man" was beard. The minor McKinley bosses were heartened over the result of their dismis- They were chagrined also by a sion. number of mighty awkward questions put to them as to the story concerning how McKinley's debts were paid. McKinley while governor of Ohio was the silent partner of one Robert L. Walker of Ohio, and when Walker went to smash, on Feb. 17, 1893, McKinley, it was found, had indorsed 118.001) of Walker's promissory notes. McKinley did ibis, although he was worth only glu.000 in all this wide world. The eastern republicans could not understand such business methods, and they declared to the minor McKinley bosses that it was vitally essential this year to put up a safe man," and they talked about a safe man" until things were unpleasant for the minor McKinley bosses. These minor bosses ascertained also that the eastern republicans knew how McKinley's debts were paid and by whom. Here it is in brief: Chief bosses Chief contributors! to pay of McKinley's campaign. McKinley's debts.j .Marrus A. llanna, IMarcus A. Hanna, H. H. Kohlsaat, II. II. Kohlsaat, Myron T. Herrick. Myron T. Herrick. In other words, the minor McKinley bosses learned on every hand that their candidate was spoken of as tbe mortgaged candidate. mortgaged not only In untold promises of federal patronage. but mortgaged In other ways and by every tie of business and friendship to his three chief managers and syndicators, Hanna, Kohlsaat aid Herrick, and to others. McKinley is the first aspirant for a presidential nomination to stand before the country loaded down with obligations, which after some fashion even he is bound to meet. The coterie of manufacturers and others who chipped in to pay his debtB; tbe trio, Hanna, Kohlsaat and Herrick; their staiellltes, all do not live by bread alone. They must have their pound of flesh in return for past favors, even unto the tiniest grain. McKinley remains silent and docile in their hands: he Is their creature, and after all the wanderings of the minor McKinley bosses in New York and elsewhere in the east, solid business republicans said yesterday that they were amazed at tbe audacity of Hanna, Kohlsaat and Herrick in springing such a candidate upon the country. A candidate with a fortune of (10.000 to indorse his silent partners paper for 118,000! The eastern republicans naturally wanted to know what return Is McKinley, if nominated and elected, to give Hanna and the others for their aid in paying his debts. It is as well known as anything on earth that Ohio politicians. and especially those in the republican ramp, do not lift their little fingers for a soul without some promise of reward Immediate or In the near future. Indeed, McKinley was spoken of as the mortgaged candidate" for the reason that no candidate for president, not even McKinley, ran In honor accept gratuities to the amount of 118.-00- 0 from a set of men dependent upon federal legislation for further additions to their fortunes. The eastern republicans declared It to be a detestable situation from beginning to end, and one that, to a certain extent, reflected on the whole party. But McKinley accepted the $118,000 in gratuities, and there he stands in Canloaded down with there and ton a thousand other obligations which must be met it by accident he should be boosted into the white house chair. Thousands of business men hare met with disaster within the last ten years. They displayed nerve and act to work to repair their fortunes. McKinley put himself In tha bands of llanna. Kohl-aa- t. Herrick and the others, and they hauled him out of the mire- - not gratis. They lugged him to dry land, and with their eyes on the obligations under to-d- ay which be rested to them they set to work to boom him as their candidate (or the presidential nomination. War Vaiaraaa aa Wins I am an and veteran and get a pension, which 1 deem a badge of honor. I am also a laborer, and of this I am not ashamed. Now, I wish to relieve these financiers minds; they need not worry about our hardships if we come to free coinage and in conI sequence tbe free use of silver. recognise in them the same gang that worked night and day to depreciate greenbacks, the kind of money paid the soldiers, so they could get more bonds for their gold and silver. While the confederates were bombarding our front at Atlanta and other places they were firing into our rear to keep the war going; this meant more bonds for them. McKinley says in his letter of acceptance that silver is legal tender but we will stick to tbe gold standard. Prophet Sherman and others say our bonds are payable in gold. I aak when such bonds weie issued. Harrison boasts in his speech of the great things that he and Grover did in paying gold and issuing 260,000,000 of bonds. Bryan says we will use both metals, at 16 to 1. This. I think, is right. Then the gold standard fellows say this will drive out gold and make a premium on it. All right; this suits me. The higher the premium Is the more our farmers and manufacturers are protected, as our great trade is with Britain. I have always voted the republican ticket and would like to vote for MaJ. McKinley, but he is in the wrong boat. 1 am for Bryan and honesty, against two kinds of dollars one for the rich and one for the poor man. Comrades, come with me and vote as you shot from 1861 to 1865 and we will win. H. A. M. Company E. 12th Wisconsin Volunteers, Kilbourn City, Wls. gold-standa- rd A Kata of Intaraat. We are asked: "What reply would you make to a man who says that money loans for lower interest than ever before? Does it loan for 4 per cent in England The answer would be that it is not true except at financial centers, where money is congested, and that fact is conclusive evidence that the aggregate supply is too small. When the volume of money is insufficient for the requirements of trade, prices always decline. With a decline of prices, profits of productive enterprise either diminish or entirely disappear. Then money Is withdrawn from such enterprises and floats to the great cities, wncre it seeks permanent Investment at low rates. Men having money would rather lend it on security at S or 4 per cent than to invest it in the operations of a factor, a mine, or a farm, on a falling market. In short, he will loan it at a low interest rate, where there is no chance uf losing it, when he will not "sell" it at all. That is, he will not buy anything with his money. He will hold it for the small interest he gets, and the rise in value of the principal which is returned to him. Plenty of money is loaned In England at 4 per cent, or less, for the reason given. to-d- ay r gilt-edg- ed Promt! to I'i j la Gold. Still another question: If free silver triumphs would a man lose anything If he borrows 10,000 today and agrees to pay two years from A date in gold? Certainly not. He could get the gold far more easily than he can now. This matter was quite fully explained In No. 29. The adoption of free coinage by the United States would make gold cheaper its exchange value would be less. It would take a smaller quantity of other things ta procure a gold dollar. This would be tme whether gold and silver remained at a parity or not At the present time our entire demand for coinage 1b concentrated upon gold. If the whole or any portion of that demand la withdrawn, gold must of necessity get cheaper. Even though It should all retire from circulation, leaving us nothing but silver and paper as currency, this would still be true. Indeed If we stopped using gold altogether it would make It cheaper than If we only partly stopped. Kali way Sira Charts Coercion. Ionia, Mich., Special. For three weeks the railroad shops In this city have been flooded with gold literature cent out by a railway publication. In addition to this they have received official circulars emanating from Master Mechanic Ruperts office of the Detroit, Lansing & Northern. These circulars advise the men to organize clubs. The railroad men say they will not be coerced Into Joining any club unless it Is actually necessary to hold their Jobs. FORK, UTAH, SATURDAY, OCTOBER BRYAN'S SCATHINQ ARRAIGN. MENT OF CLEVELANDISM. Tha ASmlmlatratloa That la Mow PraU-- S by Mark Haaaa mail Campaay Waat Aaothar Jaat Lika II Patriot Taka Hand. Mr. Bryan said to ten thousand people at Milwaukee: Since the public officers are elected to carry out the will of the people, it is essential that the public should know two things. First, for wbat policies does a candidate stand? Second, will be carry out those policies If elected? While there may be things in a platform with which you cannot agree, and things out of it which you would like to see in it, it is necessary that the candidate should believe in the platform upon which be stands. I believed in the principles of our platform long before it was written la Chicago. We have suffered some desertions. Wby? Because the paramount issue of tbe money question. It is easy enough to hold a party together when a platform means nothing, but when any party stands for a great principle, it must expect some people who do not believe in It to leave it. My friends, this great money question has been forced upon the people, not by tbe advocate of free coinage, but by the gold standard people. After the election in 1892, a money combine was formed for tbe purpose of repealing the Sherman law. They did not take tbe democratic platform and live up to It, but they took one sentence which declared for the repeal of that law and demanded its repeal. They said the law was a make-shif- t. What is a makeshift? Something that will do until we get something better. Tbe democratic platform declared for the repeal of the Sherman law and tbe free and unlimited coinage of gold and silver. The money interests combined to repeal that law and leave nothing in its place. They claimed gold was going abroad. Did they stop it? No. They started an lRsue to furnish bonds. They had 50,000,000 issued, and then had 50,000,000 more issued, and then entered with the Rothschild contract. My friends, while the administration entered into this contract, I want to say that all the leaders of the republican party were in favor of it. The republican party did not denounce it in their convention. Now, I want to say that it was the most infamous contract ever entered into by any nation. That contract employed certain firms in London and New York to look after and protect the government's interest They purchased the good will of these people. When you purchase the good will of any person, it is because you admit you are in his hands. I am not willing to admit that the government must purchase the good will of anybody. I am not willing to admit that 70,000,000 of people are permitted to govern themselves by the aid of any syndicates, hut that they in spite of will govern themselves them. I am not surprised that the members of that syndicate are opposed to the democratic party. I believe that the democratic party ran get along without them. I believe that they ought to be treated as any other conspirators. A man said to bis sons: Dont go into the retail business; go into tbe wholesale business. That is respectable. This applies to you. If a man attempts to do tbe government a small injury, it Is contemptible. If it is a wholesale injury, it is respectable. Mr. Bryan then told tbe story of the successive bond deals and tbe plan to again issue bonds to a private syndicate which was defeated, and how, when tbe bonds were sold in open market, the president of that syndicate paid more for them than he paid at secret sale. Mr. Bryan continued: What does It mean? It means that the people who would pose as the guardians of the treasury would rob the people. This fact did not excite the indignation of the officials of the government, and a short while later the chairman of that syndicate was present where an official of the government was the honored guest at a banquet If we believe in equality before the law.we cannot make any distinction between the man who takes 500,u00 and the man who takes 100. Now, they talk of bonor of the government. I believe that the honor of the government can be better maintained by 70,000,000 of tbe people than by beginning with a handful of financiers. The republican party does not denounce the bond syndicate. The democratic party does. Addlllao aad Huh Iran loa. Every 10 per cent that is added to the purchasing power of gold is 10 per cent eiibstrarted from tbe earning power of labor and from tbe property labor has already earned. St. Louis rost-Dlspatc- h. i NO. 47. 1890. THE BIG BOND DEALS. Jamas U. fllalaai believe gold and silver coin to be the money of the constitution. No power was conferred on congress to Faraaalal I .ova aad Rlaanlal Hanra. declare either metal should not be If the laboring man was perennially money. Congress has. In ray Judgment, loved instead of being biennially bunno power to demonetize silver any coed by tbe politicians, he might be more than to demonetize gold." happy yet. Chicago Dispatch. 1 Si, Kllvar aad Tarn Trlrai. Iowa wants free silver because it will give silver prices for the products of her farms. Our crop of corn ill 1895 was 285,000,(8)0 bushels. The market value on a gold basis was 48.500,000. On a silver basis It would bring or an Increase in the circulation of Iowa for corn of 4S,5oO,oou In one year. Tbe total crop product of Inwu farms for 1895 was. gold valuation, 168,235,420. To measure It on a sil-- ! ver basis it would bring 336,470,840. an increase in tbe currency circulation In Iowa for one year of 168,235,420. Perhaps some doubling Thomas may think free silver wuqld not do this. For an answer, I point to silver countries, where tbe price of farm products is practically double ours I point to tbe circular of President Ives of the Burlington. Cedar Rapids A Northern railroad, who admits that farm products would rise In price, but says railroad charges are fixed by law, and the company would be paid in silver, and must pay interest ami bonds in gold, thus losing tbe (inference iu exchange. Suppose the company does suffer tbe loss of tbe exchange, would not Its share of that 168,235,420, the silver price, over and above the gold price of the crop of 1895, more than recompense them for the loss In exchange, and Is the volume uf their business regulated by law? It must be borne In mind that Iowa is an agricultural state, and to lessen the value of of her crops is to .cut off the her commerce. , Fur fifty-tw- o weeks in the year Iowa merchants are sending money east to pay for goods. One year would drain our state of all our currency, were it not for the crops of Iowa farms, which return the money, thus acting as a balance-wheto trade. To lessen the price of farm products Is to cut off to that extent the golden stream from the tills of Iowa's merchants, causing a congestion of money in the east, which destroys business in the west, and in the course of time reacts on the eastern or manufacturing states also. For this reason free silver is preferable for Iowa to protection, as the farmers are really the foundation of national prosperity, and it were better for the whole nation to tax manufacturers and give a bounty on each bushel of crops raised than to tax the fanners by protection for tbe benefit of tbe lesser industry, manufacturJOHN CLANCY. ing. Clinton, Iowa. Sept. 4. MAKE STATEMENTS SO DIAMETRICALLY OPPOSED. j Jaha ; Leagued f'oerrlou. the forces, including most of the employers of labor and mosl of the bankers, have used their power ever mens livelihoods and ovr mens finances to suppress free expression of conviction. Prolmbly there was never before a campaign in which terrorism was so generally employed. The banker and the employer Join In giving "object lessons, and the man who dares speak his mind discovers suddenly that he has alienated two classes of men whose good opinion Is necessary to his well being. New York Journal. anti-Brya- n JlrklaKri IB Mabraaka For Free To-da- I ADVOCATED TIIE RESTORA- TION OF FREE COINAGE BEFORE ANY OF THOSE WHO ARE NOW CHAMPIONS THE OF SILVER IN NEBRASKA HAD EVER OPENED THEIR LIPS ON THE SUBJECT. WE OF TIIE WEST MUST HAVE CHEAP MONEY. NOT MONEY INTRINSICALLY CHEAP. BUT CHEAP IN INTEREST CHARGES FOR ITS USE. 1 ASSERT THAT THE AMERICAN PEOPLE. AND ESPECIALLY THOSE OF THE WEST, DEMAND TIIE FREE AND UNLIMITED COINAGE OF SILVER. About the same time Mr. Thurston took to writing letters to that remarkable eeonomlst, Mr. George Clinton, of this city. In one of these communications, written in July, 1892, he said and perhaps it might he well to compare this utterance with some paragraphs In lust nights speech: I HAVE NO DOUBT THE REMONETIZATION OF SILVER IN THE UNITED STATES WOULD SPEEDILY AND CERTAINLY APPRECIATE THE PRICE OF SILVER, NOT ONLY IN THIS COUNTRY. BUT THROUGHOUT THE WHOLE NO WORLD. MATTER WHAT OTHER GOVERNMENTS DO, THIS SELF-SELECTE- D life-blo- od It is very significant that few, If any, of tha contributors to the Journals campaign fund for the democratic party sign their names to the letters which accompany the contributions. This adds some corrohoratlveevldence to the already convincing proof that Tbuniua. Senator Thurston, of Nebraska, spoke the other night in New York city in oppnsi:iiin to Iiryan. The substance an ! method of his speech we may consider IuUt, says the Now York Journal y we In coiniucmhig thereon. ask the people to consider somewhat the eurlh-- UU trances on the issues of this campaign which Thurston delivered with i il the. eloquence and utl the conviction unchangeable seeming which characterized his address of lost night. In 1S93, for example, when he was seeking ciccliou to tbe post he now fills In the United States senate, he wrote to the chairman of the Nebraska republican convention a letter in which, among other things favorable to silver, he said: to-da- y. el M. Aid lu IHS and lu Culuagn Axaluat It. j , ! j , COUNTRY ELIMINATE OUGHT NOT TO SILVER FROM USE AS A COIN METAL ANY LEGISTHAT LATION IN DIRECTION WILL BE LOOKED UPON BY TIIE COMMON PEOPLE AS IN THE INTEREST OF THE MONEY POWER FOR THE EXPRESS PURPOSE OF INCREASING THE PURCHASING POWER OK MONEY AND DECREASING SELLING PRICE OF THE EVERYTHING PRODUCED BY HUMAN TOIL IT IS A FACT WHICH SHOULD NOT BE OVEBIXJOKED BY STATESMEN THAT THE PRICE OF AND THE AMERICAN SILVER PRICE OK AMERICAN WHEAT REACHED U)V WATER MARK ON THE SAME DAY. The Journal submits tlieso extracts from the published writings of Mr. John M. Thm-binwith entire confidence that Senator John M. Thurston can confute them. A gentleman who can be at the same time senator of the United States and attorney for tbe Union Pauli.- Railroad company Is not by little Inlikely to lie consistencies in his record. - as he could when prices for farm produce were higher, say In 1870, on account of the supplies he has to buy being lower, la very absurd to say the least. In order to show the difference between what a farmer could make In 1870 and new I will give a few figures as to the cost and profit of raising eighty acres of corn, then and now. It will require the services of one msn besides the farmer, and as for tbe amount of work, a man could do about the same work then as now, ae we had the riding breaking plow and double diamond corn plow and double shovel corn plow In use then. We will count the farmer's wages the same aa tbe hired mans. The average price of corn In 1870 was about 40 cents a bushel; land then waa worth about 45 an acre, or 3 for rent It is now held at about 75 an acre, or 4.60 for rent Cost of raising eighty acres of corn now M) II0NESTM AX WOULD i In 1870: To rent or Ini erect on Investment... $210 To two men for six months st $25 a M month To Imard of said men and farmers na wife To keep of teams ami wear and tear on harness and mucliinery 10 To eighty acres of corn at fifty buahela an acre at 40 cauls 1,M Net profit t(7l Cost of raising eighty acres of corn In 1895: To xent or interest on Investment.. To two men six months at $1B a month To board of two men and farmers wire To keep of teams and wear and tear on harness and machinery Toisi To eighty acres of corn at II cents a bushel In" $2Ct US re ISO gKSt 7a 11! Now how Is a man going to buy anything at any price at thla rate, wblct Is a poor way of stating matters just at they are? A good many of us fool farmers (anarchism) think the demonetization of silver Is partly the caust of this state of things. II. LANDIN. Auburn, I1L In l.srk. The Canton correspondent of one of our Republican contemporaries tells a very pathetic story of how several hundred Ohio laborers who have been thrown out of employment by tbe Democratic "free trade" tariff bill chartered a special train and Journeyed all the way to the home of the Republican Presidential nominee to pledge him tbelr support. It Is quite natural that unemployed workingmen should employ special trains and travel about tbe country to exploit their displeasure. Special trains, and especially special trains to Canton, are becoming occurrences. In the event every-da- y of tbe election of McKinley and Hobart, there will be legislative and administrative arts which will force the taxpayers to foot the bills for all the special trains and other contributions the corporations are making to tbs Republican rampRlgn fund. Kepuhllrsn flat Turin of MOS. "The Aiui-ricipimple, from tradition are in favor of bimetaland inlen-st- , lism and demand boih gold and ailver ns standard money," said the republican platform of eight years ago. We the democratic party in ltsef-lorl- s to demonetize silver, It suid four years ago. The parly Is now praising the anti-silvdemocracy for what they did while In power. er llaalel Wrbatar: Irlara lllsinarrki "I am clearly of the opinion that gold "1 have ulwuys been In favor of aa and silver, at the ratios fixed by conInleruaitoiial agreement for the restor-h- i gress. constitute the legal standard of Ion of silver as a money metal, and value In thla country, and that neither n' of I'riMlurtlovt. From a farmer's point of view the If it cannot be h.nl without Englands congress nor any state has authority to establish any other standard, or to position thui voiue of the writers take help, then we ought to restore silver displace this standard." that a farmer cati do nearly as well w Ii bmit her. |