The Tribune-Democrat. (Enid, Okla. Terr.), Vol. 2, No. 50, Ed. 1 Saturday, September 7, 1895 Page: 1 of 9
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THE TRIBTNE-DE
Vt)L. II.
B.NID, OKLAHOMA TB.HHITOKY, SATURDAY. SHLFTEMBEH 7 1S9S.
No. 50.
TO STIR UP ENVY.
A Philadelphia Paper Tries to Create a
Class Prejudice.
The Philadelphia Manufacturer is op-
posed to our present standard of value,
and is trying to secure the adoption of
what it calls "bimetallism," but what
What Nations! Use Gold?
The following table from page 45,
United States mint report, shows the
amount of money per capita each na-
tion has:
Unitod States $35 UU
England 1.1) uu
Franco 86 UU 1
would in reality bea single silver stand- \ Germiin'y. m ou
ard. Writing of the fall in prices, which Austria s< iw
is claimed by silverites to be due to the | Netherlands
use of gold as a measure of values, The j b,!h!'um
Manufacturer says, "A dollar of high Spain"!".'""..]
purchasing power is a good tiling only Portugal
for nonproducers," and argues that "the i Russia
dollar has been given artificially high : Turkey"'" 'i
purchasing power solely that the few AuHtraiin.. 7....24
might enrich themselves at the expense Japan (silver)
of the many." J""1'" (silver)
m. . , , . China (silvtr
This attempt to create a class preju- | jioxloo (silver) 471 I
dice against the gold standard 011 tho j Central American states (silver) a 78
ground that it was designed to benefit South American states (silver and paper). 17 Ou
a fow nonproducers at the expense of France has tho largest por capita and
tho many would bo moro appropriate j the largest aggregate stock of gold. She ■
for a Populist or socialist paper than a has $825,000,000 in gold, while we have
journal published for business men. $025,000,000.
Not only are the statements untrue, but 1 The mint report for 1894 says the
they are designed to appeal to tho envy Bank of France, which holds tho money
and hatred of those who think that
their failure is duo to tho success of
others. This is not tho temper in which
the important question of money is to
be discussed and settled.
The claim that only nonproducers aro
benefited by a dollar of high purchasing
power is so manifestly absurd that it is
hardly worthy of contradiction. There
are about 25,000,000 adults in this
country, of whom ninety-nine one-linn-
dredths are producers. The millions of
working men and women in mills, fac-
tories and stores and on railroads and
of Franco in its hands, has:
Gold $430,000,000
Silver SJa.UUU.UUU
showing $205,000,000 more gold than
silver.
The November statement of tho Unit-
ed States treasury showed specie hold-
ings:
I Silver *506,000.000
Uold 120,000,000
showing $382,000,000 moro silver than
gold.
So it appears that the Bank of France
held nearly $2 in gold to every dollar
steamboats aro all producers. Aro they lvf1!*, while tho United States treas
not benefited by receiving their wages
in dollars which will buy a large amount
of goods, instead of tho reverse? Will
Tho Manufacturer have the audacity to
say that a cheap dollar which wen Id
buy less goods would be a greater bene-
fit to this host of producers?
Then we have the great agricultural
interest, with its millions of workers
producing grain, cotton, etc. No one
Will deny that they aro producers. Yet
are they not benefited by receiving mon-
ey which has a high purchasing power?
Is there a farmer in America who does
not want, so fur as he is personally con-
cerned, the dollars which will buy most,
of all the things which he consumes? If
there are any who prefer the other kind
they could easily be accommodated with
Mexican "dollars," which will only buy
52 cents' worth of goods in this country.
There is absolutely 110 basis for the
charge that tho value of our present dol
ury held only $1 in gold to every $4 in
silver.
Communication.
Soldier, Kansas August '38 1895.
Editor Democrat:—Wo still hear
of the great silver movement all over
the country, which if not settled in
party lines indicates a disruption of
both the republican and democratic
parties. It does seem to me that if as
much pains were taken to inform the
people in regards to what money is
and its uses to mankind in its various
ways, as there is to keep their minds
befuddled as regards it, that the whole
financial question could be settled in a
single campaign, and settled right.
The money poweraudits advocates are
very profuse with such phrases as
sound money, honest money, money of
A CURRENCY FAMINE.
THE FATHERS FOR SILVER.
that our boasted free American insti-
tutions will be a thing of the past. The
seeds of decay have long been sown and
the blossoms are already set and unless
lar has been artificially increased. Gold j tlu, tt(>1 Id. international money, parity wo llR ., people arouse to our dangers
money is worth just^as much as in \ ()f metals, intrinsic value, lifty cent | we wj]) soon ,.oap t,he bitter fruit of our
CATBOAT "MARION ' NAMED AFTER BABY CLEVELAND.
The boat Is owned by B. F Maul of Hartford, Conn , and the citizens of Hartford sent tho
trim little craft to Buzzard's Bay to he Inspected by President Cleveland aud his familv.
WHAT SILVER ASKS.
It Ih to ♦> lUmtored t«> uu Kqnallty with
(lold ut the .Mint*.
t In his sneach at Atlanta, (ia., a few
tactics of the enemy. Politics, relig-
ion and every other consideration is
laid aside. Grover Cleveland and
John Sherman and the plutocrats and In his speech at Atlanta, <ia.
t t« 1 <veeks a?o, Hon. W. •!. Bryan. of Ne-
llie monev managers of Europe and ® rw
, . , . I braska, among many other good thing's,
America are marching under the same sajj.
colors. Democracy and Republicanism j "What does the free anil unlimited
is sacrificed on the alter of manynon j coinage of silver mean? It means the
and it is only a question of time, if we coinage of silver without restriction,
remain indifferent to our surroundings! It
bullion, and 110 more. Its value is not
affected by law, and it is therefore whol-
ly untrue that it is designed to enrich
tho few at tho expeuso of the in my. Tho
money of this country is the same for
rich and poor. It gives no favor to any
class, nor does it discriminate against
the few or tho many. It serves the in-
terests of all alike, and only demagogues
will pretend that it is maintained for
tho bonelit of nonproducers or a limited
class of rich men. A standard of values
which measures aliko the workingman's
wages, tho farmer's products and tho
manufacturer's goods cannot, with fair-
ness, bo said to artificially reduce prices
in tho interest of any class.
dollars etc, etc., all of which are for'1 lost liberties. Now in contusion I will
the purpose of concealing their infam- HJly the only remedy lies in a union of
ons system of robbery* which will 1 inform forces. The Initiave and lie-
eventually bankrupt the people and ie- fePendum or direct legislation furnish
means no restriction as to the
amount to be coined. When a man
goes to the mint with gold, he takes as
••DefueBzed" Wood.
"Defuelizatiou" is a new word added
to tho language, told in a story by Sen-
ator Palmer abouv an Illinois farmer
who for several years had been soiling
him wood for ft a cord. "This year,"
says Senator Palmer, "ho came to mo
with a load, and I told him that I did
not want it. Ho offered it at $'<2 a cord.
I still refused, and ho wanted to know
why I would not tako it at I told
him I was using soft coal, for which 1
'Gosh!' he exclaimed,
duce them to the condition of serfdom.
Now were it not for our cherished old
party idolatry such a state of things
could not exist, when we learn to place
patriotism and love of country above
party. If perchance we have not lost
faith in our capability for self govern-
ment, then and not till then will we as
a people be able to shake off the grasp-
ing greed of shylocks which has almost
throttled American Liberty at the pre-
sent time. It seems almost useless to
enter into a discussion of money and its
uses as so much has been said by our
greatest statesmen who we have been
made believe know it all and for that
reason we have trusted them to solve
that problem for us. How well they
have succeeded the late panic and sub-
sequent bankruptcies and bond issues
attest. Now there i^ one idea I wish
to impress on the minds of the readers
and that is that money has but one die-
ex-
paid $1.37 a ton. — — , .
•I heard you was trying to demonetize t.im't and that us<
silver, but now you're trying to defuel- change of values. Money within itself
ize wood.' "
Wraltli StutlHtlcs.
In 1850 the total wealth of this coun-
try wan $7,130,000,000, about $308 per
capita; in I860 it had raised to $111,-
100,000,000, or about$514 per head; in
1870 it was $80,069,000,000, or about I As before stated there is but one
$708 per head ; in 1880 it had risen to (j,,,., use for money and that is to
$-13,642,000,000, or $870 per head, and forsomethingel.se that we need,
in 1800 to $62,000,000,000, or $1,000 ^.^. food 0|. (.|„u,ing or some other
per head. urticb or necessity of daily use, the
stcw rt in iiih Prime. material let it be gold, silver or paper
The silver people aro-fond of polling thai enters into the dollar cuts no tig-
records on people who oppose the free , „re jn whatever the amount of Its
and unlimited coinage of silver, but j purchasing power, It is the legal ten-
hero is a paragraph taken from a speech | ()(M, ([U1|Uty that determines ils value,
a common center around which all
lovers of republican or democratic gov-
ernment could rally. Such a union
would not interfere with our peculiar
notions ol reform but would unhorse
corporate rule and restore to the peo-
ple the untrainmeled right of self gov-
ernment, a principle which all true
lovers of liberty could endorse and
work for. May we all work to accomp-
lish that end.
Wm. McDonald.
Uoth Guthrie ami Oklahoma City,
since the extension of the Choctaw
east, are seeing a large slice of their
eislen trade slip away from them. The
Lender sets up the biggest kind of a
howl because Chandler is receiving
her freight by the way of Shawnee
instead of Guthrie. The Leader seems
to think that notwithstanding the fact
that Shawnee as n shipping point is
s nearer than Guthrie
and tlie rail road people have given
them n better rate that they should
stay with Guthrie been use Guthrie has
bus no real value aside from tho mater-! oio->i, or ten mi
ial of which ii is composed and with-
out the liat or ecrlillcato of value by
the government it i.-. not money at all
and is not recognized as such by any |
government on the face of tile earth, j treated them right in ihe past, while
lli"_|on the other hand Shawnee is a rival
town, a railroad town, and
made by Senator Stewart in 1871,
else. The material of
ward.
pri me:
no paper money not redeemable in gold;
no paper money the value of which is
not ascertained; no paper money that
will organize a gold board to speculate
iu it. Gold is the universal standard of
the world. Kvorybody knows what a
dollar in gold is worth. "—Mound City
(Kan.) Republic.
land nothing
mej
certificate of value is as dis-
fought
Chandler to a finish for possession of
tilt' ChoctnV and lost. The Leader
seems boyish enough to think that
businessmen will haul their goods ten
miles further, pay higher freight for
friendship's sake on the one hand and
out of revenge on the other. When
the Gntbl'ie Leader lives longer, and
learns more it will realize that neither
that kind of frlendshipor revenge lusts
discussing the proposition that Jled to sod, and the gov-
the 'crime of I81.S, two years alter-
Tlio senator then was in his | eminent
"I want the standard gold, and tinet as a blank note book and one tilt-
i ti not with good solvent freehold se-
... .- , i .i i... i long in Oklahoma, and that both Okla-
! eat ities the one so filled is regarueu ijj ;
iever.N one as perfectly good for the \ homa City and Outhrie will find to
| amount of the consideration while the j their loss that the "pint take," which
blank is only worth the material and ^ey y,aVe been enjoying in the way of
Cost of printing, so it is plain to lie
I seen that all this talk about honest
tound money and all such chip-
to mvstifv and confuse the
much as he pleases. He can take $1.-
0C0 or #100,000,000 anil have it coined
into gold dollars. They do not ask
him where it came from, how he got it
or how much he intends to bring.
That is what we risk for silver.
"Our creed is embraced in these
words: The immediate restoration-
restoration is the word, for we are ask-
ing for nothing but that which existed
up until 1874—and the free and unlim-
ited coinage of gold and silver at a
ratio of 10 to 1 without waiting for any
other nation to take a hand, the dol-
lars thus coined to he legal tender for
all debts, public and private.
"A silver dollar in 1873 was legal
tender: to-day it is a money to be re-
deemed. Vet it contains the same
amount of silver. Up to 1853 the coin-
age of subsidiary coin was unlimited.
By subsidiary coinage I mean ." 0 cents,
25 cents and 10 cents. Vet it became
necessary to reduce these coins in
weight in order to keep them in this
country, and they were thus made to
be less in intrinsic value than the dol-
lar they were supposed to he parts of.
In other words, two fiO-eent pieces did
not contain as much silver as a dollar
after that change. And they were
made token money.
"Silver dollars were made token
money in 1874 and remained in that
condition. In 1S78 the Sherman act
was made a law and this was in effect
until 180 ). If we are to have free coin-
age of silver we must not insert in that
law a suggestion, as appears in the I
Sherman act. that silver is not a metal '
to be regarded upon the same basis m |
lllin*talli*iii.
Bimetallism, as its ndvacates inter-
pret the meaning of the word, means
two-metallism, or the use of both gold
and silver as standard money on terms
of absolute equality. It. is not the state
of finances where a silver dollar is to
be regarded as a promise to pay in
gold. It is where the two metals are
invested with the same privileges at
the mint. This is what the word
means until the meaning is changed.-
W. .T. llryan.__
—The coinage of silver and gold, our
only constitutional currency, on equal |
terms, is all that silver advocates ask,
Tho Rem ml y Will Mo Fouiul lu an Increat*
of tho Volume of Money by tho Heatora-
tlon of Silver.
lu the Washington Post we llnd these
remarks:
"The Philadelphia Times calls at-
tention to the complaint that very
many parts of the country are without
the banking facilities that they need.
It shows that tho whole number of
banks is less than it was three years
ago. and less than it was last year, and
says their circulation has ceased to per-
form the functions expected of it. The j
Times concludes 'there is. therefore, an j
absolute necessity to modify the hank-
ing laws, unless we aro to surrender
all the many advantages of banks of
issue and depend entirely upon our
present irraticnal and dangerous issues
of government paper.' This is a live
issue and ono in which there are great j
possibilities. It will prove a hundred
times more
ules."
Now, this is interesting. The Phila-
delphia Times, owing to its connec-
j tions, is one of the most rampant oppo-
nents of the restoration of silver to
be found in the country, and yet it per-
ceives that the money question pos-
sesses a vitality that will not permit
the matter to be disposed of until some
adequate remedy for the present condi-
tion of affairs can be found and ap-
plied.
The Times admits that something is
wrong. The national hanks are retir-
ing from business and those that retain
their names and carry on banking have
largely withdrawn their notes from
circulation. Except as to t lie specific
purpose for which it was intended at
the time of its establishment—the sup-
plying of a market for government
bonds the national hanking system
has proven itself to he a stupendous
farce. It has outlived its usefulness
except for the one single and simple
function of lending money and shaving
or discounting notes; for not only is
the circulation of the banks decreas-
ing, but they no longer furnish a mar-
ket for I-nited States bonds. This is
shown by the fact that when Mr.
Cleveland wanted to make his last is-
sue of bonds he was compelled to pay
a British syndicate a bonus of nine or
ten million dollars for sixty-five mil-
lion in gold.
More than this, and leaving the na-
tional banks out of view, the decrease
in the total volume of circulation last
year, according to the treasury reports,
is about $<10,000,000 and this does uot
include the large amount of gold ex-
ported which has not returned and
shows no sign of returning. The facts
are that in every part of this country
where wealth is produced there has
been and is now a currency famine.
Only in the money centers, where the
products of labor are made the play-
things of speculation, is there a suffi-
cient supply of money on which to do
business, and in these centers the
money is held and hoarded.
There is but one remedy and that is
to increase the volume of money of
final payment by restoring to it our
stock of silver. When that is done our
banking system may he revised and
corrected at leisure; but until that is
done, it is idle to talk about making
further additions of paper money to
the volume we already have on hand.
The Philadelphia Times is a rank
gold-bug organ, but I'M i tor McClure
seems to have discovered that there is
something*dead up the creek.—Atlanta
Constitution.
Senator Morgan, of Alabama. Talk* to tba
I'oople of tloorffla.
At Griffin, Go., a short time since
Senator Morgan,of Alabama, addressed
u large audience of people from the
surrounding country upon financial is-
sues. Among other things the senator
said:
"I am here as a disciple of Jefferson,
Madison and Jackson, and many others
of the consecrated fathers, to speak in
defense of an act of congress that was
approved by (ieorge Washington iu
17'. : for the free coinage of silver;
which was re-enacted in 1837, aud was
approved by Andrew Jackson, presi-
dent of the United States, and was
stabbed below the fifth rib by John
Sherman in 1873, and was left for
dead."
Continuing, ho said that Mr. Sher-
man's law of 1873 was such a death
iting than tariff selied- blow to silver as a money metal that it
i seems marvelous that silver has in it
enough life left to take up its bed and
walk. "Hut." he said, "it is moving to
the front with uplifted head and vig-
orous step again, in union, if not in
full harmony, with gold, and the
parade is so inspiriting that even Great
Britain is keeping step to the music of
the union."
Mr. Morgan coui batted what he
termed "the false issue inveuted by
Mr. Sherman and adopted by Mr.
Cleveland;" that it Is the duty of the
government to preserve the parity be-
tween the inetals by adjusting their
coinage to meet the fluctuations in
their commercial value. "England,"
lie said, wanted gold because she was
the largest creditor nation and killed
silver to get rid of this parity issue."
Speaking of the 8100,000,000 gold re-
serve. he said: "It was a sort of 'jack-
pot'put up l y Mr. Sherman that has
kept up t he gambling In our money.
It was never needed to give strength
to the United States. A country that
has paid in debts and interest more
than ${,000,000,000, in thirty years could
not need the support of $100,000,000 de-
posited in the treasury to support itf
credit."
Referring to the charge that ths
opening of the American mints to the
coinage of silver would make this
country the dumping ground of the
world, Mr. Morgan said: "With some
it is an idle apprehension of danger
and with others the convenient stalk-
ing horse of a false prophecy."
SILVER AND PRICES.
The Whole Question llrh-tty Hummed Cp by
mi Alabama Meuhaulc.
A western man wrote to the New
York Herald that an Alabama me-
chanic recently gave him something
to think about in connection with the
silver question, lie put this queatioa
to the Alabamlan:
What is the difference to you if we
have the single gold standard? The
prices of all the staple commodities
needed by you are reduced in price in
proportion to the reduction in the vol-
ume of primary money, the measure of
values. Cutting silver out has reduced
the price of tlour here to $3.75 per
barrel, and here, where It is raised,
you can buy cotton at 5 cents per
pound. These are the chief staples
you require for food and clothing."
In reply the mechanic gave his views
as follows:
"When tlour was from 810 to 814 per
barrel and cotton worth from 10 to 12
cents per pound I always had plenty
of money with which to buy tiour and
clothing: now it is difficult for me to
raise sutlicient to buy a barrel of tiour
when needed, and I have to go short
on clothing. When prices were high
money was plenty and everybody was
constantly employed at good wage*.
Now employment is very uncertain.
Mechanics not altogether cut off from
work do not have steady employment,
and they find it difficult to secure the
bare necessaries of life.
"Tho manufacturers and agricultur-
ists who favor the reduction of the life-
blood of commerce, real money, to the
smallest volume possible, are cutting
•their own throats, for they are reduc-
ing# in proportion tho consumption of
their products^nil tho same may be
said of 4-ho mercantile class, who havt
ithe handling of these products."
tiiftouml Currency.
"How has Bluff ton been doing?"
asked the man who had been away from
his native community for pome time.
"Well, ho has made a great deal of
money"-—
"Getting along well, is he?"
"Well, ho seomod to get along llrst
rate till he tried to pass some of it. "—
Washington Stur.
• money
i trap i
i minds of the people so the money
| power can still perpetuate their system
I of robbery. Now the question arises
what are we going to do about it. Will
the reform forces remain divided, will
we let little uulmportant details divide
us or will we ever lea' ii to use* good
i common horse sense and profit by the
trade on the east is now a thing of the
past. K1 Ketio \a the only town in Ok-
lahoma that is holding her own in the
matter of outside trade.
Rl Reno Democrat
The National Hank boycott and the
eclipse of the moon each come off this
week without the least perceptible jar
or bobble.
Successful newspapers aro becoming
less and lo>> the Organs ef cliques and
parties and becoming more independ-
ent in their tone and treatment of pub-
lic questions. To persons educated in
the school of extreme partisanship
that Is supposed to indicate a lack of
policy. They forget that indepoedence
is itself a policy. Newspapers with a
mission are following women with a
mission into the limbo of oblivion.
The modern newspaper b a commer-
cial enterprise and th * aim of its man-
agement is to hold a mirror up to the
every day life of tin1 people and not to I
erect a pulpit from whiet to thundery
forth enathemas or pronounce bene* J
dictions. -Seattle I Yes*-Times.
I'arlty of Wood and Coal.
"Defuelization" is a new word added
to the language, told in a story by
Senator I'alraer about an Illinois
farmer who for several years hail been
selling* him wood for S'i a cord. "This
year," says Senator Palmer, "lie came
to me with a load and I told him I did
not want it. lie offered it at S'i a cord.
1 still refused, and he wanted to know
why I would not take it at y; a cord.
I told him I was using- soft coal, for
which I paid $1.87 a ton. 'Gosh!" he
exclaimed, i heard you was tryinff to
demonetize silver, but now you're try
injf to defuellze wood.' "
A Point to l'hlnlc Of.
A southern exchange says there has
been much talk of (fold poinp out of
circulation when this country under-
takes the free coinage of silver, and
asks each reader to count up the
amount of (fold he 1ms had since, say
January 1, as compared with other
kinds of money. Then bear in mind
that gold comprises about one-quarter
of the total currency of tho country,
and he will then be able to judge how
gold circulates now.
Aptly I'ut.
The men who lifty years ago wanted
to demonetize gold for their prolit ara
those who to-day clamor for tho down-
fall of silver and who to-morrow will
strike down both inetals and substitute
a diamond standard. The gold stand-
ard was born of avarice and is sought
to be perpetuated for personal gain.--
lion. W. J. llryan.
I>anl* l Webntor'H View*.
Daniel Webster said: "Hold and sil-
ver. at rates fixed by congress, consti
tute the legal standard of value In t ti is
country, and neither congress nor any
state lias authority to establish any
other standard or to displace that
standa id."
Watt and See.
From the way the gold construc-
tionists talk they don't think that the
"silver era ' ■ ' is <rolng to umount to
utueh after :i
WHY IS IT?
Why Is it marshal Nix allows a re-
pnbiiean like Mad sen to run the eutire
business of tin1 west side 'f Why doe«
lie ignore the request of hundreds of
leading democrats, and many republi-
cans. to make a change. Is it lieoauso
Nix believes himself to be bigger than
his Ills party, or is it because there are
no democrats on the west side capable
of filling tho places? If it is because
no democrats can be found over here
with sense enough to run the Govern-
ment wood yard, for Hod's sake send
I'll Nix, or brother Willie, or any oth-
er member of the Nix family, be they
ever so remote, and relieve a long suf-
fering but patient community from
blustering republican bulldozers,
which you promised nearly three years
ago to riil us of as soon as you warmed
your sent of office.
The boycott ugainst N'atloual banks
s on.
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Hensley, Frank. The Tribune-Democrat. (Enid, Okla. Terr.), Vol. 2, No. 50, Ed. 1 Saturday, September 7, 1895, newspaper, September 7, 1895; (https://gateway.okhistory.org/ark:/67531/metadc157011/m1/1/: accessed April 18, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.