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Show CURRENCY SUPPLY. rh Mannar In Which Secretary Gagtfa the Per Capita Department Swell Circulation on Paper An Analyst of the Milleading Statement. The usual statement showing" the amount of gold and silver coins and other currency In circulation on the first of January, 1898, Is interesting for what It conceals. While it might be Improper to accuse Its authors of active and abstract mendacity, a very little analysis of the figures will serve to demonstrate that they are calculated. and doubtless Intended, to mislead the public as to the real condition and distribution of the nations circulating medium. There is nothing particularly new about this. For some years the statistical end of the treasury has Juggled with monetary facts and figures, in a vain effort to make black appear white. We are used to that, and the only pity is that so much public time and money should be sppnt in the preparation of statements which no 1, 1897: 1898. 95fr.E68.aM (1.491.078 Subsidiary silver Gold certlflcatM Silver certificates Treasury notes S5.710.80S .... United States notes.. Currency certificates. National bank notes. 16.557, 6M 876,696.599 108,442.936 292,480.927 43.215,000 228,827,755 1897. 9517.748,129 58,581.819 62,101,988 S7.S87.489 856,866,800 84,171,221 261,867,758 60,880,000 221,884,148 Total 1,721,100.640 1.650,228,400 The treasury calmly states the per capita of circulation among the American people Jan. 1, 1898, as $23.84, as compared with $22.87 on January 1, 1897. To make this appear, all the reserves of national banks and all reserve funds held by other banks, trust companies and so on, are treated as being in active circulation; a proposition which would appear ridiculous to any schoolboy not advanced beyond his primer of arithmetic. It is an estimate accepted by most experts, that, in one way or another, nearly or quite one-ha- lf of the nominal volume of our currency is permanently locked up in the form of bank reserves. The manner in which the treasury statement treats the gold coinage of the nation is a clear illustration of the dlslngenuousness of our financial authorities. The amount of gold coin "in circulation" is 'made up by taking the general stock of gold coined or Issued, which is placed at $699,478,636; deducting from that sum the amount of gold in the treasury, $150,910,176, and crediting the remainder to "gold in cirSuch calculations are worse culation. Economists of all than valueless. shades of doctrine are agreed that not less than 60 per cent of the countrys gold coinage has annually been absorbed in the arts, and that a much larger proportion has gone into them during the periods of small production. Applying that rule to the figures, we should have a general stock of gold amounting in round numbers to and after deducting the treasury gold from that, about $268,000,000 in circulation Instead of $647,668,360, as Mr. Gage would like to have us believe. But, even taking the reduced how much of figure of $268,000,000, that gold does any one suppose is in free circulation among the farmers, merchants and laborers of the country? Practically every dollar of it is hived in the vaults of banks and trust companies. Taking all these considerations together, while it is beyond the power of any statistician to exactly fix the real volume of money, or the per capita, in actual free circulation among the people, it does not require statistical ability to detect the utter fallacy of the treasury figures on those points. There is not a shadow of probability that the actual sum per capita is more than half of the amount claimed, while we are Inclined to believe that the government, would find great difficulty in showing upon any satisfactory grounds that It exceeds seven, or at the outside, eight dollars a head. When such administrative efforts to obscure the truth regarding the currency situation are not only possible, but accepted and laughed at as quite natural, and in the line of "good politics," we are strengthened in our opinion that it would be party and national treason for the Democrats in congress to permit the passage of a partisan census bill. Let us have some statistical work, by way of change, not intended to deceive, but designed and organised to get at the rock bottom $420,-000,00- 0, truth. Th Trustworthy CImmm. When the influential classes turned their backs on me the common people stood by me. You will not be surprised that I have come to lean upon the common people as the real foundation upon which good government must rest Governor Plngree. Alka th As mortgages are an evidence Klondike Gold Field. prosperity and the mortgage indebtedOne thing should be Impressed upon ness of Ohio Increased $20,000,000 last every miner, prospector or trader comyear, the calamity howler must surely ing to Alaska, to the Klondike, or the subside. Yukon country, and that is the necessity for providing an adequate and Those labor and reform organisaproper food supply. Whether .procured tions that believe In the rule of the in the States, in the Dominion, or at people through the ballot. Instead of the supply stores here or further on, spasmodic and unsuccessful strikes, this must be his primary concern. Upshould elect delegates to the natlonsl on the manner In which the miner has labor convention at St Louis, May 2, observed or neglected this precaution 1898. more than upon any 'other one thing will his success or failure depend. The enormously wealthy and These supplies must be healthful and Chemical National bank of should be concentrated, but the most ew York was despoiled of nearly careful attention in the seleotloa of $400,000 a few weeks ago by loans foods that will keep unimpaired indefimade by the cashier on worthless senitely under a. the conditions which curity, and a sympathising sllverite they will have to encounter is imhas sent the president the following perative. For Instance, as bread raised otter of condolence, of congratula- with baking powder must be relied uption: "George G. Williams, President on for the chief part of every meal, Chemical Sir I Imagine the Bank: National of a miner helplessness hasten to congratulate you on your re- with a can of spoiled baking powder. cent misfortune, which, thanks to the Buy only the very best flour; it la the machinations of the crasy Bryanltes In the end. Experience has is not as serious as it would appear, cheapest shown the Royal Baking Powder to for your late cashier, no doubt, paid be the most reliable and the trading his brother 'financier1 the $393,000 in now uniformly supply this companies silver certificates, and so I figure it as others will not keep In this brand, out that your bank has really lost climate. Be sure that the bacon is ONLY $172,920, assuming the certifiand thoroughly cured. sound sweet, cates, or the silver they represent, to These are the absolute necessities upon be worth only 44c on the dollar. which all must place a chief reliance, While the 'ways of the wicked are and can under no circumstances be past finding out until it is too late, neglected. They may, of course, be very often, to Intercept them, there is supplemented by as many comforts of this consolation that even the shrewd- delicacies as the prospector may he h est capitalists sometimes able to pack or desire to pay for. themselves. From the Alaska Mining Journal. ""Twas ever thus since childhoods gold-hug- longer command credence. Following is a comparative table, showing the amount of money of each kind "in circulation January 1, 1898, and JanuGold coin Silver dollars to To Those Cowing BY MISREPRESENTED THE TREASURY STATEMENTS. ary A WORD OF ADVICE. CURRENT NOTES. gy over-reac- hour Some accident befell, etc., etc. "Just think of it! Suppose the single standard advocates had succeeded in forcing the gold standard on the country, you would have actually given this particular sllverite and his Grable-ln- g associate $220,080 more than you did. Virtue is Its own reward, even in Wall street, or that neighborhood, and your poor little bank is thus saved nearly of its reported loss." two-thir- ds "New conditions of business" have forced Andrews Bros, of Syracuse, N. Y., to cut the wages of all employes from 10 to 20 per cent; and the same "new conditions of business" force the workers to take the reduction without a word. In the course of time the people will have had enough of these new conditions. 4 book of receipts for all kinds of cookery, which Is specially valuable for use upon the trail or In the oamp, la published by the Royal Baking Powder company, of New York. The receipts are thoroughly practical, and the methods are carefully explained, so that the Inexperienced may, with Its aid, readily prepare everything requisite for a good, wholesome meal, oi even dainties if he has the necessary materials. The matter is in compact though durable form, the whole book Under a weighing but two ounces. will bs book this special arrangement, sent free to miners or others who may desire We would recommend that very one going to the Klondike procure a oopy. Address the Royal Baking Powder do., New York. it Htt MINSTRELS HUMOR. Witty Answer of an Irilkaun Wht Some thirty years ago, when he was Merer Argued with a Lady." contending against greenbacklsm, The minstrels of Ireland are not all Baron Rothschild spoke as follows of gone from the highways and byways silver: "The simultaneous employof Erin, says an exchange. The mournment of the two precious metals is ful harp and plaintive pipe may have satisfactory and gives rise to no com- given way to the breezy banjo and plaint Whether gold or silver domi- crooning violin, but the Bong which nates for the time being, it is always these accompany are the songs of Iretrue that the two metals concur to- land still. Down by the rotten Clad-dag-h gether in forming the monetary circuwharves of old Galway town I lation of the world, and it is the gen- came upon a rapt audience, says a eral mass of the two metals combined enthralled by the traveler, which serves as the measure of the dulcet notes of Tim the "wanBrennan, value of things. The suppression of one of minstrel of Tipperary sliver would amount to a veritable dering sweetest singers I ever heard and the destruction of values without any comone who would have been great were pensation." not for his love of "the cinder in it Since then plutocracy has taken aa they aptly term the west of it," several advance steps, and now Baron mountain dew. I had seen Tim Ireland Rothschild finds that gold alone Is the Our before in Ireland. times many best measure of the value of things, us into the had brought as, the measure being smaller, he Is tramplngs and same artist of relations responsive able to thus get more of the things. auditor ao many times that as hs me a comforting wink of recogA New York capitalist sheet has tipped nition I noticed that his violin had done a rash thing. It Invited the peobeen by the temporary .though replaced ple to write their opinions of society, musical makeshift of a banjo ample Such multitudes of with this result: from head of an ancient the letters, critical and condemnatory, and wrought chum. In the Irish pause following nearly all condemnatory, flowed upon to toss emboldened ballad felt his I the editor, who Is himself a "swell," back with him the his wink, query: scared was the with threatenhe that the didnt Tim, you "And, why bring he had of roused host people angry ing honhead? with Its "Faith churn yer So he sat down on Into expression. them all, saying that whatever society or," he replied. In a flash and with a winsome smile, holding the chum-hea- d might be, it could write. banjo aloft so all could see, "faith never I argue wid a lady an, yer In most secrethe The striking fact bould Irish woo man stud at a Is honor, he of wars for that asks report tary Mm other ind! an appropriation of $92,258,445.80 for the next fiscal year. This Is over K. W. Ajer A Son. In excess of last years estiN. W. Ayer ft Son, the successfu lf more than the mates, over voted for the current newspaper and magazine advertising $62,832,417.25 double and 2 the agency of Philadelphia, have Issued an nearly year, announcement stating that Albert G. actually expended last year. Bradford and Jarvis A. Wood were adAn exchange suggests that In the mitted to partnership In the firm Janfact that Mr. Letter controls the bread uary 1. The new members are not bebusiness. and Mr. Armour dominates the meat, ginners In the advertising lies a concentrated hint to somebody They have been connected with N. W. to get a corner on the mustard. Ayer ft Son for years and have workei their way to the top by careful attenWhenever the doctors and lawyers tion to business and painstaking work get their fees down In line with 4 cent for the firm' and its patrons. In concotton, they are going to fall in line nection with the new partnership announcement, N. W. Ayer ft Son review with the boys from the . week. the history of the firm. From an humMeridian (Texas) Sun. They would better get In line against ble beginning in 1868, when the busiconditions that force cotton prices to ness of the first year amounted to but 4 cents, or their fees will have to fall. $15,000, the concern has Jumped slowly but safely until Its annual business amounts to over $1,600,000 a sum that One of the Ohio legislators who opposed Hanna was flooded with protests represents a dally payment to newspafrom bis home county, which was com- per and magazine publishers of $5,000. Chicago posed largely of coal miners. Noticing that all the protests were typewritAstonishing. ten, he said: The people I represent have no typewriters and are thankful Mother And what do you think ol If they have a pencil they belong to my daughters French, Count? Count Eet ees xe most astonishing the hobnail gang. French I haf evaire heard. well-kno- wn $43,-000,0- 00 one-ha- $49,350,-186.7- Times-Heral- d. Tld-Bl- ta ANNUAL THE creases, lawless deeds will multiply. Columbus Post , CONVENTION. It la tree that the people will rule, but sometimes they are a little slow about applying the ruler where It will do the moat good. Philadelphia Ledger. LABOR ORGANIZATIONS OF AMERICA. t St. LoqU May Sd, for Political Ulwuiilua and Action Tha Platform Adopted at Lwt Fall Katloual Meeting The men employed In Senator Han- nas ship yards are on a strike. The laboring asses elected Hanna. The men say that while the flag wag flying over An Important delegate convention of their heads announcing that Hanna all labor and labor reform organizawas elected and the country was saved, tions will be held In St. Louis, May 2, they were slaving under lta shadow for 1898, for the consideration of political an existence. Appeal to Reason. questions. This Is designed to hs the first of a permanent series of annual There are no crowned kings la national conventions, and la the out- America, but there are uncrowned Ingrowth of the labor conferences held dividuals who control more land, exact last year to consider the coal miner more tribute and wield a more Irrestrike. sponsible power over the life and destinies of the nation than any crowned In The committee of arrangements conking possibly could. The Beacon. of convention the coming charge sists of Eugene V. Debs, W. D. Mahon, A New York paper keeps shouting E. M. BanniBter, M. P. Carrlck, Sheridan Webster, John F. Waters, Dan Mc- that times are prosperous In the east. Of course they are. If they were not, Donald, W. II. Prlesmeyer, and G. F. the of the New England mills Stephens. Every local organization In couldemployes to accept a reduction not afford the country Is entitled to one delegate of 10 20 per cent In wages. Telia-rid- e to . Organisations of the Farmers' AlliJournal ance, Patriots of America, Patrons of Husbandry, etc., are invited to send So long as the homea are leas healthy delegates to confer with their fellow and comfortable than the Jails, Imprisworkers of the cities. onment will he no punishment, and In That this most encouraging labor society where 8,000 commit suicide movement is thus far In line with Pop- every year, death has no terrors for ulism Is shown by the declarations of the criminal. New Charter. last years convention, as follows: "This convention hereby endorses, as The two great national conventions relief measures upon which the friends In 1896 declared for an Income tax. But of labor can unite, the demands of the for the treachery of a supreme court various labor and reforul organisations Judge we would now have such a tax of the country, Including, vis: In operation. The people of the United "Direct Legislation, through the Init- States want an Income tax and they Mark the predio-tioiative, Referendum, Imperative Man- are going to have date and Proportional Representation. Spirit of Reform. "Abolition of hank issues of money; the Issue of a stable legal tender by Poverty and lta results, crime and the government direct; the free and Intemperance are the bastard offsprings unlimited coinage of both gold and sil- of private ownership of natures storever at the ratio of 16 to 1, without houses, placed at the disposal of all ho redeemed bewaiting for the aid or consent of toy and which must again can be free. God of fore children the of and other nation; the establishment Guide. Labor Exchange postal savings banka. "Government ownership and operaThe railroads get $33,000,000 for pulltion of all public utilities, natlonsl, state and municipal; alto of all In- ing the mall cars. If they got the same express companies dustries controlled by monopolies, as they charge thebut Ths $1,000,000. would get they trusts and combines. defia show will always system "The land Is the common heritage of postal no matter how much the postage, an the people, therefore any Individual cit, so long as the railroads own congress. or number of Individuals who hold any Appeal to Reason. portion of such land to the exclusion of the rest can do so, in equity, only by We do not see how the New England paying those so excluded what such eotton mills are to he further benefited privilege is worth; and In order that unless ths old Mason and Dixons 11ns this principle may be most effectively Is again stretched, and an amendment carried out we are In favor of having made to the Dingley law prohibiting the government take, In the form of southern cotton mills from sending taxation, the full rental value of land the product across it Phoenix Gaexclusive of Improvements. zette. "The imposing of a tax on Incomes and Inheritances such as will reduce Loads pending postal bill is retrothose accumulations of wealth which gressive, and Is therefore Republican; have been acquired through unjust le- la oppressive, and therefore Republican; It la restrictive, and therefore Regal privileges. "The establishing, by legislative en- publican: la discriminative, and therefore Republican; it favors capitalism, actment, of a standard eight-howorking day, and abolition of the child and Is therefore Republican; Is heading toward the destruction of the national evils. labor and sweat-sho- p "The Inauguration of needed public postal service, and therefore la Repubworks as a means for Immediate relief lican, Vote It down and let the people to those who have been thrown out of vote down every congressman that Pittsburg Kanwork by operation of monopoly foster- doesnt vote against san. ed by government means "Industrial as IIow H Got th Monev. of for those wishing Our exchanges note the fact that to free themselves from oppressive the government officials are proceedconditions. "The taxation laws of the various ing to ascertain the cost of an armor states of the onion should be rigidly plant to he owned and operated by enforced; all assessments of property, the government, but they neglected to particularly of land and franchises, state that Populist Senator Butler should be at Its full, true and actual forced the armor appropriation a cool value, and the assessment rolls should million lower than Republican and be Immediately published; all officers Democratic cronies had arranged to entrusted with the enforcement of tax allow, and then forced another prolaws should he promptly punished, civ- vision In that if the armor thieves illy and criminally, for all disregard refused the fair price appropriated, and violation ot their sworn duties then the government should ascertain under such law. the cost of erecting a plant of Its own "We especially demand the abolition and that It la In pursuance of that of the Injunction evil and all forms of order that the officials are now movJudicial usurpation by making all ing. The armor manufactories Car--' Judges removable by the people, and negle ft Co. have sold armor to Rusof the enforcement constitutions sia at prices close to $260 a ton, but right of trial by Jury. We further de- want $425 from our own government. mand recognition of that most sacrec The Butler amendment . gives them of all rights free speech and. a free everything they are entitled to, and press." more. It allows $300 a ton. One can The secretary of the committee on see now where Carnegie got the money1 arrangements la Sheridan Webster, 908 to bestow upon Pittsburg and other Chouteau avenue, SL Louis, of whom libraries. He simply robbed the govfull information may he obtained. ernment of so much he could not use it and gave some of the pelf to build POINT8 FROM THE PRESS. a library to perpetuate a name that otherwise was In danger of being forThe began at Lewiston, gotten In forty-eighours after the Me., the home of Dingley, the hlgh-tarigrave closes over him. Nonyawning bill author. Ominous, wasnt It. conformist. Fresno Expositor. Convention. it n. ur it r wage-cutti- ng ht ff The Load BUI. It Is not complimentary to any man We fear the publishers in California, to vote a lifetime with any party without at least taking the pains to find like ourselves, have neglected to In. oat anything about the claims of the form themselves thoroughly on this measure (the Loud bill to virtually other side. Port Allegany Reporter. suppress liberal papers). It seems to us Men who honestly differ on questions that the bill is fraught with danger of public policy may, without any sac- to the Interior publisher, and some sort rifice of principle, agree to a plan of concerted action should be taken In reference to the matter. What say the whereby these questions can be submitted to ths people for a vote on their publisher! of the San Joaquin valley? Fresno merits. New Era. Expositor. Let th People Work. The complaint In all cities of the All public disorder proceeds from country now la that there Is not enough policemen to prevent petty offenses. want of work. Papul Louis Courier As the army of Idle, hungry men In- - de mere. |