Oklahoma Champion. (Oklahoma City, Okla.), Vol. 1, No. 35, Ed. 1 Friday, September 25, 1896 Page: 1 of 8
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Vol. I. No. 35.
OKLAHOMA CITY. OKLAHOMA. FRIDAY. SEPTEMBER 25. 1896.
A FINANCIAL CATECHISM.
From “Grissom s Silver leaflet s'
we take the following pungent cate-
chism on tinance, which con'.. >ua
some very interesting facts:
$1 Per Year*
of the gold standard?
Answer. It means measuring all
prices in gold.
<•*' And what i* tie silver stan-
A. Measuring prices in silver.
Q. Is there much difference be
A. Oh, yes a very great differ
cnee, Gold hast become very valua-
ble, and is becoming more valuable
everv year and all commodities.
or metal, it is an injustice and op- yailad in 1873, when there was
pression. j neither gold nor silver in circulation:
And yet, this is the very thing the ; but even after this is done, there
will remain a great loss to farmers
in the depreciation of farm animals.
And thi*' depreciation is still going
ou a- the followirg table shows
Government is doing today. It
forces the people to discharge debts
Question. What is the meaning .*°ld at a «°ld slttndurd
the irold xtandardv which is paving two for one since
a gold dollar is worth twice as much
as a silver dollar.
To state the matter in another
wav. it takes twice a> much product
' of labor or sweat to p ty a debt un
der the gold standard of values as it
would take under a silver standard—
so that the Government is for< ing
the people to pay worth of sweat
for every dollar of funded debt they
when measured by it, are becoming ,S7“- "hen silver was dinpped
cheaper— whereas silver has H'”"! the coinage. the national debt
cheaper—whereas silver has been
growing cheaper compared with
gold, and prices estimated in shyer
would Is* higher.
Q When did gold become the
A. In 1ST.-!, when silver was de-
Q. And has it been the standard
A. It has.
Q- Is it the standard now?
A. It is.
1889 ......... $2.507,tMM),lMN»
1890 ............... 2.418,(MMt.000
1894 2.1 70,(MM».4hm»
1895 .............. l.Slit.iHMKMM*
Is!"' .......... 1,727.000.000
These figures reveal a decline in
value of farm animals in the last
eight years of $7.10,000,000. or three-
quarters of a billion dollurs.
chase of an office can win, if such fected fusion on the state ticket and
high-handed methods are successful, I in all congressional districts, the
then it is time for the Goths and Populists receiving five out of nine
\ andals to come. The Constitution J electors.
COLD AND SILVER MONEY.
The earth contains sixteen times
more sUver than gold: hence them
will become but a f rim mockery of | The fusion arranged by the I'opu- * ha* bee° *ixtcen lM»u»d> of silver
our time, the blood shed to estab list state committee of Iowa has "“n*1 every pound of gold. This
our time, the blood shed to estab- list state committee of Iowa has
lish and maintain this government been endorsed by the stale eonvon-
will all have been shed in vain, and lion of the party,
the gaunt spwtre of gh> un and des-1 The democrats and People's party
pair will fold the nation to its cold, of Pennsylvania have fused on the
clammy bosom. A country of Joss electoral ticket, the Populists secur-
worshippers will not be long in de [ ing four electors.
terioratinf into other
forms of barbarism.
heathenish | Tom Watson has decided to return
to Georgia after speaking in Color
ado, cancelling his engagements in
Missouri. Iowa. Kentucky and Ten-
Congressman Bell has been unaiii-
The price of wheat in 1873 was
$1.31 |H-r bushel in 1X94 it was on-
ly 67 cents a bushel a, falling off of
'The price of cotton in 1873 was
20 cents a pound—and in 1X91 it was
7 cents a pound—a falling off of
| nearly two-thirds.
It would have taken about twice
as much Western wheat and nearly
[three times as much Southern cot-
this l„„ r™l ,li-a.l-'
THE AMERICAN JOSS.
( olunuis of space in the metropoli-
tan press are being filled with glow-
ing- accounts of great crowds at
Canton hordes of anxious (?) pil-
grims who journey to t hat Mecca of
republican hope to see the great
Hut these pilgrims are not foot
sore and weary from a toilsome
journey across desert sands and
rocky steppes. They are not dust-
be-grimed from days of travel under
the sun's scorching rays, in stifling
Judge Stark. People’s party can
didate for congress in the Fourth | ----------—...........
| Nebraska district. 1ms been unani *V ,vnomlnat«1 bJ' the ^oople s
mously endorsed bv the Democrats. J“!rt-V ° ,the Colorado dis
J. R. Sovereign, master workman , w,1" har(t the (‘m,nrsc
of the Knights of Labor, has estab-1'"™1 °f h!“ rats ,h,‘ ail™
lished a campaign labor bureau in ,>Uy a"d t,u‘8llvor republicans.
vantag,. to the country? Why | i'nat is. it would have taken oi.lv '........... ,-aVs. simm-
'Iri!?"""""“Ms "f »'«■*< .........«-**with
A. One reason why gold ought
not to be the standard is that it is
too precious: it cheapens all the
pioduct of labor. Anil it is becom-
ing more and more valuable every day
—that is, the prices of farm pro-
ducts are going lower and lower
f-s —•' ' uvu ur
2.552.O00,(kmi bushels. : fall at the feet of their brazen deity.
The debt could have been paid O! no. These worshippers of the
witli 17,000,(100 bales of cotton in; American Joss ride on cushioned
l'7ff: it would have taken 4s.uuo.uiiu 1 scats in palace ears to visit the ob-
bales in 1804. jeet of their adoration, with passes
Since 1S«,> there has been paid on l! their pockets and expenses paid,
tin- national debt in principle and in- Th^y ar? rounded up by the republi-
. . terest, over two billion dollars |can high priests and hauled to Can
\ . ‘ 'V* !'* ' a'un" . ,,n,e> x1' | 82.22H.000.000; ami yet it would take >'»• where they are dumped before
• T'ti *UlU ^7!V * lbl j uiore cotton to pay the balunse in j Hie sacred shrine of the golden
masses Of the people. 1 ou know MK> than it would have required J«lf. *
ia vv icn pi u-es.are going up. busi-, p,v ,|u. wln*le of it in 187.'!. j There is a striking contrast be-
ar,d Wh('" pnc<,s a,v d*-1 Q The free silver .ample are eon-! tween the two* campaigns this year
tinualiy talking about the losses j()» the one hand Mr. Bryan is tour-
tlmt the farming iuterest has suffer- I big the country, going to the homes
ed through the suspension of silver j,d the people and teaching them al-
co in age. Are there anv tacts to ; "'ust at their own hearthstones. He
prove this, or is it all talk and noth kff"" to the people. On the other
ing eise? j hand Mr. McKinley is hoisted on a
A. That is a fair question, and pedestal at Canton by Mari* Hanna,
entitled to a lair answn and the heathen Joss, and the peo-
faets and ii gures 1 now proceed to I>1*-are brought like droves of cattle
Chicago in the interest of free silver. ^ ^ of thp "ll
One hundred speakers will be placed ^ vo,nn"tu*‘-
in doubtlul territory souri state committee urging that
In the Fifth Indiana district all the the Prol^d ^sion of the People
friends of free silver have united in }*rt*.a"d d«nocrats, by which four
the support for congress of Or. John .°P“,WlK 1m“-v b<,‘ on il
(’. Ridpath, the eminent historian. >mat,ou be hurried
Thos. Patterson, editor of tllP 1 to <'onsu,mnan‘d
Denver News, will stump for th<
People's party in the Central States
At the People's party convention
dining, business is depressed
<^ That is true. - But why should
not gold be plentiful? The gold peo-
ple say the production of it i_, jt).
A. The production of gold i> p,.
creasing slight I v, but t he consump-
tion of it in t he industrial arts is in-
ti casing. a. >o. and so is the demand
fr«r it r...... . ..... i“'1 |,|IU urines i now pmeecu to e" 1,1' ougii i use (troves of cattle
come sc- re.-' " ' ?''•i. !*' !-'Vt* J'ou a,,«’ »»ken from official doe- view the brazen image. The vari.
sr-ii'!- o- "-'il- t ‘ll,<l'iai:.v iH-enming ; uments-the annual report of the j,,us failroad corporations are giving
1 a is, in." equate to the Department of Agriculture at Wash :*heir employes a vacation and a free
volume of business it must transact.
The result is the fierce and constant
scramble for it between the great na-
tions of the earth that causes so
much anxiety and distress at times
in the debtor countries, ours among
them A striking exhibition of this
Was furnished in the last loan of
$(>2,000,000 made i y our govern-
meat. The loan was made to re-
plenish the $ 100,00(1.0011 gold fund
kept as security for the greenbacks, i
So great was the danger that as
fast as the gold came into the treas-
ury on one side, it would be taken
out on the other—that the Secretary
had to bind the European syndicate
that took the bonds, to protect the
fund from being drawn upon.
The second reason for the increas-
ing scarcity of gold is the large con-
sumption of the metal in the indus-
trial arts. In the year lSJt.'}, the
amount thus consumed was $13,435.
!»01; in 1892, $19,329,074; in 1891,
$19,680,916; in 1890, $17,655,960
for the four years over $70,000,000,
or more than half the product, of our
mines for the period. In the same
four years we lost by exportation
$190,000,000 in gold. This sum, add-
ed t« the $70,000,000 consumed in
the arts, makes a total loss
ride to La n ton, while the gold stand
ard press teems with glowing ac-
counts of the great crowds of labor-
ing people who swarm about McKin-
ington, and the Statistical Abstract
of the I'nited States:
In 1873, the year that silver was
demonetized, horses were valued at
#73 a head; in Ispii they are valued ' u*.' ' home. As if the laboring peo-
at only a head—a falling off of 11** <*f t his country had the means
♦4o a head. land inclination to travel to Canton
In the same period of 23 years. Iu>< in order to see .Mare Hanna's
mules have fallen off from $98 to $48 I automaton. It is no secret that
ahead; milch cows from $3nto $16 Uheir expenses are being paid: in
a head; and sheep from $3 to $1.80 a j ^act the Santa Fe railroad has just
head. jannounced that
The falling off of $4u a head iu | shop men on a
horses, estimated on the number of j ('°st-
horses in the country in 1X96(15.
11, Judge Bailey, of Fremont, was
nominated for Governor after J.afo
I'enee had declined.
Gen. John C. Black, nominated for
governor by the goldbug democrats
of Illinois, has declined to make the
race and is expected to announce
himself for Bryan.
Despite expectations to the con-
trary ever since the republican na-
tional convention. Senator Torn Car-
ter, cf Montana, has refused to join
his associates, Senator Lee Mantle
and Congressman Hartman, in the
free silver movement in his state and
has declared for MeKinlev.
A complete Bryan and Watson
ticket has been nominated by the
People's party in Kentucky.
Grover Cleveland, by letter, has
declared for Palmer and Buckner.
The coal companies «f Indiana are
printing goldbug arguments on the
pay envelopes of employes.
The republican st le convention
of Texas gave a committee plenary
powers to effect fusion with the
People’s party and the sentiment of
the convention was in favor of giving
the Populists the entire state ticket
and six electors for Watson.
Bryan has formally accepted the
nomination of the National Bi met-
BISMARK ON BIMETALISM.
Dai.i. ys, Tex , Sept. 19. — Iu a
speech here tonight Governor Cul-
bersou read the following significant
correspondence between himself ami
1 i inee Bismarck on the money
“Prince Bismarck—Sir: The great
question of tinance is now of supreme j
interest to the people of the United
States. It is presented in various
forms, but in a general way, it mav
be said to be, first, whether the
United States shall adopt the single
geld standard, or second, whether
they shall adopt bimetallism, with
gold and silver as the standard or
primary money. The argument in
favor of each is well known to you.
being true, fixes the natural ratio at
Hi to 1. Every nation on this globe
uses both gold and silver money
with which to carry on trade md
commerce, and. when we examine
the monetary laws of those nations,
we find the average monetary value
of these two metals to be 16 to I. If
this be true, how .-an this or any
........... all the nations of the
earth act wisely or consistently hy
changing this natural, as well as
legislative monetary ratio? .Ml
debts iu the past have been con-
tracted to be paid in gold and silver
at the ratio of 16 to 1, or coin at that
ratio, which means gold and silver.
There is nearly us much silver money
in the I uited States as there is gold
money, at this ratio, there being
$9 64 gold coin and $9.03 silver coin,
estimating the population of the
United States at seventy millions,-
while, if we place the population of
the world at one and one half billion,
we find there is only $3.72 of gold
coin and $.»,, I of silver coin per
■•apita; hence, it will be seen that
the gold and silver coin of this coun-
try. a> well as the gold and silver
coin of the world is about equal in
volume. Now then, if silver should
be struck down or its monetary ratio
changed from 16 to I to 32 to 1. such
a suicidal policy would increase the
purchasing price of gold just one
huddred per cent, Why? Because
the four billion dollars of silver
would shrink just one half, which
would increase the pun-liusing power
of gold just one half more than it
would at the ratio of 16 to I. Then
does it not stand to reason that if
this ratio is changed to 32 to 1. the
six hundred milliou dollars of silver
i» «.iey now in circulation will shrink
just one half and lie reduced to three
-v.. is purely insisted that we,-" ------ -...... •*-«*«■>■>* >u mree
should adept the policy of bimetallism ,,undn‘d million dollars, by putting
because the supply of gold it, t|„. just as much aguin silver into the
600,600). shows a loss of $600,000,000
—six hundred million dollars.
A loss of six hundred million
dollars on what?
A. On horses.
<i?. Do you mean that the horses
in the country are worth six hund-
red million dollars less at the pres-
ent prices than they would be under
the prices of 1873?
Q. Has there been any falling off
in the value of other farm animals?
Senator Teller will stump for
j, ... . ... . Bryan iu Virginia, Kentucky and
“ ,Wdl *pnd aH its Tennessee, and Senate,- DuBois will
•i tain day. free of speak in California. Oregon and
U.„," very methods si........ be Senator J„„es. ehalrma,, o( a*
noiigh to convince any Ubnnng imm nation.1 democratic oranmittro, In,.
announced that vice-president Stev
world for coinage is insufficient to
meet the demand, and because such
a standard will still further depress
the values of all property.
Which, in your judgment, is the
best standard to adopt, the gold
standard or bimetallism, giving vour
\\ hat effect, in your judgment,
will the immediate adoption of bi-
metalism by the United States have
on the cause of bimetallism in Ger-
many and other great commercial
(Signed) C. Culberson.
“Governor of Texas.1'
In reply Prince Bismarck said:
dollar? Remember too. that every
dollar of this vast amount of silver
has already been i “deemed by labor;
that the wage earner parted with
one hundred cents worth of work for
every dollar he was paid with: that
that one hundred cents worth of the
products of labor was exchanged for
this silver dollar; that six hundred
million dollars worth of labor and
the product of labor was exchanged
for every silver dollar comprising
this entire volume: hence, labor
would be robbed and the industrial
masses of this country would In*
plundered of one half of this six
hundred millions of silvei money if
of the great conspiracy against hi-
interests. Tiie enormous display of
campaign funds that enables the re-
publican managers to carry audi-
enson will take the stump for Bryan.
“Fkeiouichsrliie. Aug. 24. '96. (the reputlican party succeeds and
“Honored Sir;—Your esteemed changes the present ratio from 16 to
favor has been duly received. 1 hold I to 32 to 1. Besides this enormous
that this is the very hour that would loss to our industrial masses, the
be advisable to bring aboutshrinkage in values of every species
between the nations chiefly property, aside from interest
engaged in the world s commerce, a bearing paper, would become enor-
, ------„----.......... , mutual agreement in favor of thees-J depressing and alarming.
ip Maine election resulted in an i tablishmcnt of bimetallism The Hesides the-o- reasons for uiuiutain-
enees to McKinley with as* much 1 ^l°f I,1,,raMty | StaU‘s iU'° fm‘r h>’ far in in* lh- Vn^ut ratio 16 to 1. there
ease as McKinley could be carried to 1 Sew-i'll .1 h' h® h°,ne ci,y of j ^e,r movements than any nation of are other important reasons for say-
the audiences, is sufficient to show La™ e ^>>re8i‘dent nominee. ^ur«po. and hence if the people of | that silver money is by far the
with what little object th£'hold £?V^11:,1did ^ ^ *ho“ld ««d ....... "
The republican run K-lKerlon. of the national take independent action in the dire.
. “Jr':.j™ml"il^' -rileS that the commit. | ........ bimetallism I cannot but be
s ar»- >*'.:
-----------------------------, were touched by Aladdin's lamp, and other People" part move,.,,e,,t nf I ^ t . i "° “
A. Yes: the decline in the price «* being rolled into doubtful states Kansas anfvV *1 in ^ ^
of mules estimated on the whole bV the barrel. !« ,ra^a Wl11 »«»* as- ~n,nat.°n ef an international
number of mules in the country in All this immense fund conies from Republicans are aeti° l ,n!,^)rtan‘'0'
18<m: ut tiiuwion mm J somewhorn Vr., . . p oiltft,is afe activelj- interests (-Signed) “Bjs\i\H< K
If F(i(i ! ; ^ w' ’’ M,; cows, r°m, Vt' •Noo,a onagines that jin agitating these conventions I__
000,000, or $120,000,000 more than * on ox‘‘n a"d other eat- 14 “ lhe labori»K of the country J The republican state convention V. ,, »)
the total product of our mines So ^ a»d on sheep, $49. who are contributing millions for the of Nevaila de<-lared for free silver ' " ' 1°" a>‘ >< ar
that, in the four years from lx!N,‘,o J -^ddln* theSf' !osses to- ^ n°n of MeKmle.v. In fact, the T V Powd -r»v. ex-master work
18!»3 inclusive, we used up and lost if ■ *"1 * the foIlowinff ' ! f ° l,,',nei»)al contributors man of the Knights of Labor who
**■“ gold product of our mines J*lue of farm animals j *?d T.n,,-V has a"oouneed himself for the gold
stun bard was jeered off the stage at
a recent mass meeting of workmen
at Cooper's union. New York City.
The Colorado republican state i on
ventio„ deelaivd for Brian and
Ixcuaii and free silv.-i-
and $120.00i.000 besides.
Q What do you mean bv the
debtors option of paying debts iu
the cheaper money?
A. Gold and silver are the con-
stitutional money of this country,
and the people have the right to pay
their debt.in cither or both at their
from 1873 to 1*96: j speculators exclusively. Are the\
On horses............$6(MI.OOO.<NNJ i ,Jontribuiing these millions in the in
On mules.............. liMUMtO.OOO Merest of the “poor laboring man?
j On milch cows......... 216.oiN).ooo 'Hardly. If elected, will Mr. McKin-
| On oxen and other cattle 132.000.000 rey S(*rve tbe laboring men or those
; On sheep.............. 49.0tMt.0iMt "'hopurchase his wav into office ' I-
---lit reasonable to suppose that these
$ 1,097.(too,0o0 corporations would exjK*nd million-
option. When gold is cheaper than j ^ t u7‘ " ^ # WUfa,n . ^"l^^L^^dUd 7d
gohlr' When “siU ' YeS; 'nr biUk>n “nd to ,ho ***** Power, and is just what
t • S',/r ** the cheaper, ty-seven mUlion*-or a thousand events show him to be a -eat
then in silver. If, when silver is the * and ninety-seven millions j American J-.s, bef^e Xn iw,i i
hlTT :U GJOVern,Heat debars; **■ These are mighty big ffgures. igent laboring men ar>- cm reed :
ino't :ie.ad'anta*e- by refi»-, Can it be possible they are correct? ; hired to fall dnini and worship. If
,/'’II,thu.sj A. Some allowance may be made ; such a heathen practice can obtain
^ tn* them 40 W m tbf> dear- j for the greenback standard that pre-j ui this country, if such open pur
j the republican
shift the responsibility upon the ter
| ritorial Board of Equalization
I 1 rior to the raise there was a ni**t t
ing at Guthrie of the count v comm is
sinners of the Territory, most ni
I whom were reptiblh-ans. Thi- nu*et-
iog recommended a raise bv the
| board, and among the signers of tin-
I recommendation was .] (j C\*uean-
th,. .,,i exceut i ve i-ommittee of j non. acting for the Oklahoma count v
u r f.op.c s, party of Texas has is-
sued f wo manifestos, one recognizing
Lrvan an.i Matson ii' the ticket of
tin- pa-tv and the other denying the
charges that fusion with th>- n pub-
i runs has been effected. < . M,
(. u re ton has been elected
of the committee for two i
In North Carolina the
party and the republicans
j commissioners, who voti*d that the
: values in this county should I.,-
i raisi-tl. He is therefore solely re-
sponsible for the raise in Oklahoma
county. Not only that, hut in s,,
[doing la* mad* of everv t»\\pav< r a
r'I perjurer in the eyes of the world.
! \\ hat taxpayer is it who will lick the
hand that smites him and vot
| continue such a man in officeb
most valuable money any nation can
have. J lie smallest gold denomina-
tion is the $2 .>0 gold coin, while the
largest denomination is the #1 silver
coin. Change could not be made
wee it not for fractional silver
coins. Let us consider for a moment
the vast importance this small
change is in every day life. Think
of how important this silver change
is to trade and commerce. How
j vastly more important it is in real
value to every purchaser a.,d seller.
It requires the silver douar and frit—
tiona! si.ver coins of thi- and every
j other country to make change. Only
: thii k of how many million dollars
are changed each dav of the vear by
* Hi- useful agency. Gold coins euo
never be reduced in denominations
'ina enough to accomplish this im-
portant task so essential to tt»e
trad, and imnmctccof this country.
aw.tv a iu. the pa., o’ ghsau.
and ever-lasting decay would d<H ivii-
i/e this and every other country on
the g o be as the wheels of trade and
coimweive comd not revolve, stagna-
tion in busiues-, ami universal disas*
ter would qua kh follow, in cv.ase-
quenee of which the real value an«t
usefulnes- of silver money surpasses
j that of gold.
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Hudson, C. C. Oklahoma Champion. (Oklahoma City, Okla.), Vol. 1, No. 35, Ed. 1 Friday, September 25, 1896, newspaper, September 25, 1896; (gateway.okhistory.org/ark:/67531/metadc941721/m1/1/: accessed February 19, 2018), The Gateway to Oklahoma History, gateway.okhistory.org; crediting Oklahoma Historical Society.