August 27, 1896 (4 pages)

oS 36TH YEAR—NO. 11086 THE TR Published ry oh, &, OALKING, Cne Year in advance Three Months. If not paid in ADVERTISING RATES. Made known on application. P City aa he rotee ners? sei second-class ma\ SHERMAN’S . SPERCH. A Masterly Review of the Financial Issue at Columbus. Mr. Sherman prefaced his speech by saying that inasmuch as he wished to discuss questions of vital importance to every citizen in the United States, as -well as Ohio, he would read his spedh in order to be exact in: his statements. Although Senator Sherman was frequently interrupted by applause, ‘his clear and cogent ‘reasoning was. heard: with the most profound, attention. He spoke as follows: Mr. Chairman and Fellow Citizens: A citizen of Ohio has been selected by the lican national convention as their President of the United States, and we are here to ratify and support his nomination. We. take pride in William McKinley, not only for the honor conferred upon Ohio by the convehtion, but because we know him to be fitted for that great office. We know that since his boyhood his life has been stainless, that as a soldier in the Union army be was brave and ber of Congress for he exhibited the highest d rendered, great ser* vices to his country, and that as Gov\ errior of Ohio he proved his capacity to perform difficult executive duties. . PROTECTION AND HONEST MONEY. It is the distinguishing feature of our ublican government. that every ffecting the people, of the , United States. must. ultimately. be determined by them at the ~pallot-box, and itso happens that at the coming presidential election there will be submitted to your judgment two questions, ‘one of which is whether any holder of silver bullion may deposit it at. the mints of the United States‘and have it coined for his benefit and without cost to him into silver dollars, and tender them for any debt, public or ‘The other question is whether in levyes or taxes.on imported we should only: consider. the ' revenu or whether while raising the should seek also to". ver in the subsidia: tic indus. their free coinage, * candidate for that as 4 mem mental traits an needed revenue we rotect and encourage domes Both. silver and, tariff ate. vital question’ of domestic policy, but I p on this occasion to confine my remar: to the free coinage of silver. thrust upon us by the . Populist party, tic branch -of, the Democratic} fallen in market value to nearly onehalf its former value, seeks to demonand establish silver as.the ks . age or circulation This issue is Gold and silver coins are recogby all commercial. nations of world as the best standards of Value, the measure of everything that: is . ) the . etize gold as . sole standard of value. When the Republican party came into wer in 1861 by the election of Mr. éoln, it had to face a formidable rebellion. Gold and silver were alike and irreonly .measure all other ure each other. changes:’. ‘banished from’ circulation, deemable. pepe money was substituted things, but they meas Their relative value constantly BEYOND LEGISLATION’S BEACH. This fluctuation of value’ cannot prevented by law. reach of legislation. the changing demands for and th creasing supply of these metals th .,are-.necessary _money—tilver , to supply wants of.life, and gold to sactions of: hanges, with foreign nabe . in place o' It is. beyond the It -is: caused by measurethe larger tran cially in exc How to maintain the parity of the two metals at a fixed ratio has, been, is; a will bea di ofthe first gq cupy thé attention” o men aftet the adoptio: tion, and.is now.on ing, after more national growth. In 1792 silver an common standards of va es at the ratio of 15 tol. f Aufierican states n of the constitue.of.the most. press-. .perts than 100 years of d gold were made the United Stat Then the actual,marke ounces of silver was equa market value of one ounce of gold. The greatest care tain this ratio by then’ Secretary of State, was taken to ascery These two dis men, who disagreed. “upon other questions, then relative val money at that ratio, AMBRICAN COINAGE EXPERIENCE. thansthirty years. Populistic friends ‘the crime of 1806.” In 1834, Curing t President Jackson he adininistration of : and undef the leadérship of. Daniel Webster and Thomas H. Renton, Congress adopted the of 16 of silver to J-of the number of grains ratio . d.by reducing the gold coin, As silver was this slightly undervalued Ht mae ely coined. : ; “be ¢éined.in France at : sie aon to.1, pra the owner of bullion could send it to France have it converted into coin at that ratio, thus receiving about 3 per cent -. more for his bullion than if coined a the American ratio of l6 tol, GOLD THE STANDARD IN 1834. the who said in their report: The committee think that the degircula: and ‘indiscriminately in any country whereithere are banks or money dealers, and they entertain the conviction that h to an invariable the nearest approac standard is ites establishment -in .one metal, which metal shall eompose excluithe cusrency for large payments.” is. law, heartily approved by Andrew Jackson, would now be called “the crime of 1834.” In 1858, upon the report of Senator Pierce was President, he: governtic control, . Hunter, when and whenall branches of t ment were under Democra Congress reduced the quantity of silver . fn the fractional coins more than 6 per cent, directed the purchase of silver for their coinage on government account, ‘abolished the law for their free coinage, count made them a legal tender for $5 aving gold the only full legal tender United States coin. ‘At this lar had disappeared dins of the United and et only, leaving time the-silver. dol from the current © tates tically and purStates, and was prac posely demonetized. . SILVER MADE SUBSERVIENT. The purpose of this act is thus stated by the chairman of the committee havy. ing the bill in charge of the House of Representatives: < “We propose,.o far as these coins make silver subservient. to the gold céin’of the country. We intend to do what the best writers momy have approved are concerned, to on political eco: w¥et ones Pech where the experiment has n tried, has monstrated to be ; : the best, and what»the committee be# * © The value of gold ig not affected lieves to be necessary and proper—to make but one standard of currency, and to make all others subservient to it. We mean to make gold the standard coin.” This, I suppose, would now be called ‘¢he crime of 1858.” From 1801, when Mr. Jefferson became President, to the . 2" s administration, in close of Buchanan’ 1861, the Democratic: party was @ gold party, opposed to silver and all forms of paper meney. The Act of Congress . of 1884 established gold as practically the only coin in circulation. Gold coin were ton’s ‘‘mint drops,” and all Democrats were ‘gold bugs.” DEMOCRATS DBMONETIZED SILVER. . Senator Hunter in 1853, during Pierce’s administration; secured the of a law which reduced the silry coins, abolished and limited their legal tender to $65. The silver dollar was. not mentioned, and practically was excluded from coin—yet now the Democratic party, upon the demand of the and when silver has tical momentsin coin. REVISION OF THE COINAGE LAWS. in . tender for $5 only. sition to repeal the charge made silver states. ‘ope CRIME OF 1873.” 1878, “ and’ gs the bill was under chargé in the Senate, I was held . the chief criminal. I 4 wise measure of public policy, carefully discussed and considered :during three When we test the outery against this: act with the sober fact shown by official records; it appéars ‘simply ‘hidicrous. total number’ of silver dollars’ coined from 1792 to, 1873 was 8, p mber of ‘standard ‘sib nder the: Bland-Allison while’ the’ nw: dollars coined u Act of 1878 was 430,790,041, or times the number issued before It is strange that the very mem who supported and urged this coina e law . of 1878 and demanded the exclusive _of gold are the very men who now demand the free co’ and denounce as. ‘‘goldi bers” all those who believe in the coin‘age of both gold and silver. NEVADA JONES WANTED GOLD. It has been said that the dropping of the silver dollar in the Coinage Act of of 1873 was surreptitiously done. This charge is shown to be. false by the. der i in Oongress, and especially by the declarations of the men who n Sixteen months a ge of, that.act. Senator Jones. of vada said in a debate in the Senate June 11, 1874: , “T am opposed to any proposition, }. rm it may, that atwhat God himself I. believe. the of the law of 1834 was to standard. This was de@ of the House the com ites of the. bothéhouses, a tatives, whe had charge of efabum in the monetary system is a nda of uniform value; they cannot ascertain that both metals have ever: lated simultaneously, concurrently bea or silver coin, at his” “This measure, it was » arrest,the.dechine in, the market value of Rilyer, and enable the. Becketery.te o. metelaon a parity t the ratio of 16 to 1. eontin. does. not. relative val ment stampa It, DOCTRINE OF ANARCHISTS. mairitain the tw with each other a But the market value of silver ued to’ decline, ‘The’ government fol chased, under the set of July MM, , gly ounces, at a coat of $166} 000,"Ite purchasing is to be a Tegal debt, but in the come in whatever fo tempts to override has, made for money. . sooner we Come dewn to a purely gold standard the better it will be fo periment, ;and. the November’ 1,, 1998,,. hia, ‘ aceompanied by the following, declare: . of the tion, made a pert of the. repealing ril-1, 1874, he said: “Does this Congress mean now to leave entirely out of forever a stahdard of -val what but gold can be that standard? What other thing on earth possesses the requisite qualities? * * * Gold is the articulation of commerce. It is the most potent agent of civilization. It is gold that has lifted the nations from view and discard exchangea to be secured throu: agreement or by such safeguards fon as will insure the mainrity in valde “of ‘the coins ofthe two metals and the equal every dollar at iall times.inthe and in the _payment.of -dehts. ‘And. it is. further. declared) that vthe efforts of the soparn nen should .be to the, catablishment m of bimetaglism as 1 ‘times the equal . ¢ or jasued . have remained unca fear of such a law, been enforced. Before a free coinage bill can become a law, the wide distrust caused by the t pending of such a measure will lead to} the rapid:collection of debts, the sacrii all the of legislat tenance of the pa ’ power of “Tt ig the common. denominator of . markets. values. Itmakes possible the classification of labor and the interchange of Gold has intervened in bargains made between men since the dawn of civilization, and it-has never failed’to faithfully fulfill its part as the, universal agent and servant of mankind. steadily directe of such_a safe syste will maintain at al er of every dollar cofmed or ‘issue: ne United States in the markets and in the payment of debts.” _ This declaration, made by Congress the. President, «is; a f public policy,.that commodities. pow by th by the'stamp of the,government.” STEWART ALSO.ON RECORD. Senator Stewart of Nevada, in game debate on the 12th of June, 1874, id and approved \ by wise .statement0 ought to be acted pon without regerd to party divisions. ‘ “Sir, the laboring man and the producer is entitled to have his product d his labor measured by the same standard of the world that measures your national ~ debt. him such a standard, give } money as you require from him, You require it from. the producer. . You require from the laboring man gold to pay the interest on your jnational debt,’ avoided if you mean to save national honor; then give him the seme money with which to pay that debt. “The question will never: be settled until you determine the simple. question whether the laboring man is’ entiled to have a gold dollar if he earns it, or whether you are gol him with something else. apshot of the whole thing. Everybody has to say that the laboring man was entitled to a good dollar, They will fight it over again and the same party w ere have been a great many battles fought against gold, but gold has won Gold never has comproGold has made. the world respect it all the time. lish people once thought. they could’ get . glong without gold for a while, but they had to come back to it.” WHY THEY CHANGED THEIR MINDS. Senators Jones and Stewart andall the ‘Representatives and Senators of lver states were urgent and honest ing that gold was the best andard of value, nds when the largely production of or zinc. have the hon¢ of the } th in , and cost of silver bullion p act of Feb. 28, 1878, and follows: That is the Act of Feb. 28, 1878: $24 ‘Act of July 14, 1800. 368, @ coin, When the war was oyer the Republican party sought to restore specie payment as soon as practi3 cable, In March, 1869, it pledged the the si from.) fefth of the nation to payment in coi an . or its equivalent of all bonds of the United States, and to redeem the Uhited States notes at the earliest pracreport. of the Tre changed their mi increased and increasing silverin Nevada and other states reduced the market value of silver below that of gold at the established ratio of Then they wanted a market They wantedto pay bis and obligations congold basis in silver, In order'to carry out this pledge, it became necessary to revise the various i coinage laws of the United States.’ This for their silver, fficult problem. . was. very carefully done by a. bill I ations to ,oc. ramed in thé. Treasury. Department While Mr. Boutwell was Secretary. was:thoroughly considered by the ex) of -that.department, and was printed and submitted to all persons in the United Statess who, were supposed . te be familiar with the coinage laws. laé im the . ‘The bill, accompanied by a, mass o information, was sent to Congress A t, value of fifteen . 26, 1870, by Secretary Boutwell; and its 1 to the actual . passage was strongly recommended by him. This bill omitted from the .coins of the United States the silver dollar, Thomas Jefferson, . precisely ap was done in 1853, but proand Alexander . vided for the coinage of the fractional Hamilton, then Secretary of the Treas-. parts ofthe doilar in accordance with tinguished, states. the act of that year. nearly’ all) This bill was pending in Congress for upon the . three years—wis earefully considered ue of the two metals, jin both houses, and special attention and that both should be coined inte . was called to the omission of the 412} ains silyer dollar, which was never in the bill-at any stage, and the reason a: alle Oe ad for this omission given. It was finally: When the new “American ‘coins were . 401 ined, at the urgent request of issued, it was found that the pbraded . “ ‘ % : and worn coins of other sountries-Alled, memibers from the pone Const, a are the channels of circulation, and the new sert among the silver coins ae 4 4 se and bright dollars of the United States . 187 containing 420 grains of stan at were exported. . silver, but this dollar was made a legal This led to the discontinuance, 1808, by President Jefferson, of the eoinaze of the silver dollar, and after that date none. were coined for more This order of Jeffertracted upon the but took care in their contracts ulate for the payment of gold to them, land this has been and is now the genal practice-in the silver states. In anticipation of the resumption of yments, the resumption act of silver coins of dimes, 875 provided 3 for the reuarters and half dollar on of the, fractional . currency 1 use in our country. jthen in genera ns gave great satisThese new silver coi faction: They were limited in legal tender qualities to $10. ; THE BLAND-ALLISON ACT. At this time Mr. Bland of Missouri introduced his bill for the free coinage of silver at the ratio of 16 to 1 on the demand of the holders of silver bulStlyer had then declined below that ratio. The Bland bill, if it, had become a law. as it passed the House, would fiave demonetized gold, Such was not the purpose of Congress. When the bill came. to the Benate, an amendment was made on the motion of Senator Allison, which changed the scope of the bill, and directed the Secretary of the Treasury to purchase, from time to time, silver bullion at the market price, not. less than~ $2,000,000 nor more than $4,000,000 worth per month, and cause the .same to he coined into silver dollars. This bill, so amended, is known as the Bland-—Allison Act, It greatly added to the difficulties of resumption, and for that reason was vetoed by President Hayes, but became a law over his veto. There was but one yea and nay vote on the bill, and that was on the propo by the mint-forthe eoinage of antag I voted SUDy ‘against its repeal. The bill became a son, I suppose, would be called by our ' sot Feb. 12, 1873, by practically 8 iad jmous vote of both parties, and was specially supported and voted for by the senators and members from the i ‘It was hoped that. the. enormons pur-.! of sily page, this law. would ar-, 0: the decline ver, steadily es d money, tinder “conditions, that . would, not demonetize gold. € As the result of long discussions in 1890, by ‘which’ the Secretary of the Treasury was directed to purchase:sil vér bullion tothe. aggregate-of -4,500;~ 000 ounces a,month: at. the m: : and to issue, in payment.of suelypur-. . chases treasury notes,,which were made gal tender, and were oleate by Secretary of the Treasury’ in gold’ diseretion, 6 EET) ver, but inspite of the purchase of ‘amounts to over’ e, and at the present pr to the coveranient ‘on Pe sliver under thisact $100,000,000. ’ When Congress.met in: December, . 1889,. there, was a strong, desire iim both, houses to. utilize silver,as: legakitender This proved tohe an expensive exrepeal. was . it is ble. valpe, , such .equality . : gh_ international HERE WE QUGNT TO STAN And here, fellow. ¢itizans,, we. ought to atand. I appeal to } ‘Republicans a ested im havi rency, founde smocrats and like, Weare all inter# sound and: stable eurupon gold and silver. We cannot by Jew fix the value: of. either metal or coin or any of the, articles that enter into the wants of life. The great law of , demand and supply affects the value as it dees iron, copper All have fallen in>’market value by means of ‘néw. discoveries and . improved methods of production. I have here a statement of, the Director of the Mint, showing.a shrinkage of over $145,000, 000. ; Hon. John Sherman, Mansfield, Ohio—#tr: J r to state, in reply to your letter st., that the agaregate amount urchased under the Tuly 14, 1600; rae as e bi i yA Coat. 1, 72.018. 6 $96,279, 28).71 04, 082,53 « 2 6:951,002.25 ; : EVENING, AUGUST 27, 1896. core + wih * . their purchasing, power. ratio-of 16 to 1. sale of property. mandato: circulation, and the ¢ silver coin, This has been called the “crime Os DID NOT CHECK, SILYER DECLINE, Totals..-.++ $430046,701.00 $464/210, 262.06 Worth at today's market price silver, namely, $0.60212 per, fine OUNCE. ea ceeeetereeeeres Loas in purchase..-so aeatau $145,671 952.21 Respectfilly yours, R. BE, PRESTON, Director, of, the Mint, MONEY IN. CIRCULATION. We had July 1st lastiin setualiciroulation among. the peaple of,. the United States, $1,509, 725,200, as stated by the asury Department. . We had,also at that date $684,519;981 in the treasury, mostly gold and silver. _ All these formsiof money: have been maintained by the government at par with gold, @nd.they travel) the circle of the world, without. diminution of. for <4 +» $318, 388,810.75 bullion has fallen te nearly one-half its former value, yet we have used it and maintained silver coin from it at the PROPOSAL WOR. SILVER ALONE. But now we are brought face ta face with a proposition which, ff agreed to, awill. make silver the sole standard of value for all debts and credits, for the wages of-labor and*the purchase “and Thongh silver in coin on demand of States notes presented for into operation for,the payment all, United whether 6f silver or gold or:paper, were and, ‘During all ‘coins at pi the stan Hiarket value, t ‘the’ soitis made “from it: Reve-been kept cat par with: gold. coins: atithe legal ratio of. 16 to 1. weet free coinage, of: silver is. , then the market value of yer bullion becomes the standard for . RS 21) payments en all contrgets made in the. a tn past, the present or the future; « 412} standard éilver bullion, worth . ’ vow, 63 cents, ean, with free coinage, be’ . @t par with gold? of.any-holder of such-bullion. . ,This dol. view Aéllar ‘upon the: demand larsis delivered to.the ownerjof. the bul-. mena a leessen it eoined inte a lion, and is not, supported by the flat of, the gevermment, The . government, ‘9 at OB, . heat the publi this policy should’ be adepted the States will take its’ place among of.the earth en a, bankru wt: 5S conte, on undertake to, maintain its with gold. The govern~ . » “iPhis ie'adoliar.” *. « the . purchase of.any article only: worth) 58.cente, for the peller and injustice th itors by the of debts duefice of: property, and deepen existing ’ financial. difficulties. growing out,of insufficient. revenues for the national as well as many state governments, . WORSE THAN GRAYE, BOBRERY.It 1s sometimes said, a ca ipehe al plood-suckers, poses et It may be that there are among moneyra some men who merit these, epibut the gréat body of the credof ovr country are among the thrifty, industrious and intelligent men and women of every community. body of creditors here, is the n. soldiers, their, widows 970,000. Unio , who are creditors of the and orphans, United States 000 a year for services and sacUnion army. It would be an act of perfidy and meanness beyond expression. for this great ‘oountry topay them with money of less ‘purchasing old. coin. ‘To reduce.the ittance to, these. pension: rifices in the power than g CHEATS WIDOWS AND ORPHANS, There is another class of citizeas that the free coinage of siver, will greatly inIt'is the ace? in savings institutions and kin who, acc g to official statistics, number nearly 5,000,000 people; : and whose deposits. amount to more, than $1, 800,000,000. Free. coinage will also wipe out nearly one-half the value of life insurance which provident people of the United ' States "have paid to secure some support for wife and children. 3 It will affect injuriously the multitude of clerks and employes whto. depend upon. monthly pay, and will reduce. the sing power of ali salaries of oificers and emplo of the United States and of every state, county, city or township in this broad The Demoeratic party, at its recent ednyention at. Chicago, adopted a resolution in fayor of the #ree coinage of silver at the ratio of sixteen parts of silver to one part of gold. We know that in the United States and in all countries in'the world thirty ounces or more of silver can be pur chased by one.ounce of gold, With the free coinage of silver gold will be demonetized. Nothing can be more certain than that the cheaper money only will circulate, The United States has thus far maintained its silver coins at parity with gold coins only by its exclusive monopoly of coinage Ro ws limiting the amount, but with free ; of silyer there ahr be no fatten oh Miver bulliom in every form will be pressed upon the mints, and with the duty of free coinage silver dollars goon fill the channels of dollar will. be hoarded, or will be quoted and sold as a commodity at about 194 cents of the on. RESULTS OF FREE COINAGE. “Let us contemplate for a while the inevitable-result of ‘the free coinage of silver, even if I repeat what I say. It woutd violate every con for the payment of money since Jan. 1, 3878, The Resumption eT ead Act, which went —* tract made on, ty with each’ ar ‘bullion ‘declined in j and $118, power: is 58 cents, but’ . ie one delian, Te . giceiee. is another element of, meannoss free coinage 0 i e United States mder fer_one dollar ‘of } articte can fix his price according, in the kind of money offered. — niet doctrine of the, Popylist and tng “And it 1s hereby declared to be the loa policy of the United States to’ continue . snarch but.is in direct, opposition . ee wae of both gold and ailver as stand-. to fle traditional policy of © Sgniss. atipplated to. ard money, #nd to coin® both : id and’ Jefferson, Andrew Jackson ‘and the and interest, c silver into money of equal intrinsic and ‘Democratic-party. All, of she.wer When we contemplate the. great this Ming ot: amount.of debt and credit that: is nna. the este. ef, Pence D9 voidable in a. vast but new country like: of interest, . but ye ours, we shrink from any, measure that He will either rob the lender or do injugtice to the borrower. ee »It is impossible to estimate the wrong 000,000 at will be done to ored-. Outstanding, of wh p sealing of nearly one-half: sold by this administration, and paid due-them. 'The-very. threat: to: do it will lead to the prompt and harsh ils « collection of debts. before free; coinage advocate the free coinage” can become a law. Debts. that, would force the’ government to “pay these : Ned for have, in bonde'in Silvercein reduced in value. Tt ia: harshito expreas this jopinion of favored by many, good peoot regard it in any other ha fraud and ‘a rebbery, if qommitted by & ho should commit.such an the courta. Paints, to the amount of over an to’rob the graves of dred organizations, loyes in the public service CONSPIRACY AGAINST WAGES. But by far the greatest injury resulting from the free coinage of silver wi fall upon werkingmen. Their, wages are, now b ased. upon . money; of; the highest value, npon, geld . the . eoin of. standard, value. coinage of silver the value of the silver dollar will fall to 53 cents in gold, or, 1 have already said, the 100 cen of the gold dellar will be worth 104 cents of the silver dollar. “With free coinage o working man ought to demand. enough silver for his dally wages to be equal to the purchasing power of .his. present wages in, gold. The strugg' and employer will no one knows better than the man how difficult it is to get.an adyance Under free as ts . f. silver évery le between workingman then commence, and workingpay' Of all evils which a government ean inflict none can be greater thant cheap . money, whether of coin or paper. WHAT IS THE BEST DOLLAR? That dollar is the best dollar. that buys, the largest quantity That. dollar is buys morte food and clothing any other dollar, and will also buy a silver. dollar for 53 centsif the coinage of silver is. made free atthe ratio of 16 mce has shown that the tes can make the silver, dollar buy aa much as the it.can only be done by buying “silver bullion as needed, and g it into dollars on” e gold dolold dollar, but e government * ote te 40YEARS. Every country ypt Russia, republics and maintain the gold coins at'parity with less ratio than the -mvew. Russia has §$400,000,000 of gold in preparation for the gold standard which she will adopt. : : . (WOULD, BANKRUPT THR NATION. _ We have now in the treasnry -belongedged, for Be {ng to the government “over 879, 400,000 2 ir. dollars represented by certificates, also silver bullion costing over 000,000 in tregaury notes, in active tion and maintained at par with eratio of 16 tol, silveria worth i be 7 a , d, at eveh a then maintained st par with\each'other, : have'l spa saintainedbever since. hearded over this period gold . and ‘silver with each other/have been rds of value of alljloangs, ¢on. : urchases, and the faith of the NEVADA CITY IN LINE WITH THIS AGE OF PROGRESS, ‘siiver Sanitary Plumbing I make a specialt; n the market thy should we receive owners of silver ly double its market value five stich @ vast heard in the which we hold with ‘difficulty ow conlyobject::and effect of: this he to degrade the. dollar,’ ng. power nearly, able . re to pay their cents for a dollar and to c creditors ‘who held our Stoves Morning Light Pat. Todd Sunbeam Box Patterns And others ) Richmond Grand Pacific Heating Cooking has always paid ubvelent. In : our. bende, principal Westwood And others H ardware Fanoy and ae completest I ever offered ng. a lower rate en when. our noter its equivalent, ev ‘About '$847,were bélow par in ‘coin. of .these:.certificates .are . now f which $262,000,000 was . . There is nothing of that ’ / made that you cannot on sale when you visit my store. Plain and decorated Tinware In profusion to suit all nd purses. I'am sure department. Crockery I can please you in for,in gold, coin, wed Itjis one of the of those who of silver ‘te so Rte Remember that ~! ge a spe: eat to the most ela Se touna here. a measure ‘ le, but Loann ght but as bot Wire Fencing Have plain and fancy. great, rich a And‘other materials for Best offeneé'would be,punished iby Be inters’ use. or epee reowenen ing bute Spe ready mixed Paint so yond. wer of any. — conagience and Go. : 1D THE NATION'S HONOR. “<Now, fellow-citisens, f have said all that I desire. te. say at present, of the free coinage.of silver. ‘ fident. hope. that the ] of the, Republican and Demtic parties representing the conserof our people will stamp ir rebuke upen’ this measire ef infamy; dnd thus preserve intact ‘the honor, the.credit and. glory of our great . like onrs. Firearms products of the! GEO. E. TURNER f ; 85 to 59 Pine Street, NEVADA CITY. ive elements Do You Want a Good Drink ? Then Try PARNEL H ‘JESSE M Kk,” “CYR BOD" Whiskies, « and Burke's Genuin oe drink sufficien THE RECEPTION,” Com mereial Street. This matter of free coinage of silver and the degradation of the standard of value involves not only: questions of money, but of: honor and good faith. When their honor: is involved, the people never fail to respond. 3 have complied with eyery promise and avid every debt of the national government, as. it, begame, due. adid four-ifths of the debte luring the civil war, and the prospeet was hopeful that all of it would be vaid before the close of the centur vat this reversing our standards <alue has, like ‘the. fire-bell at night, riled and alarased our people. Let. us; settle it, by. following: the actiohs.of . Washingten, Jefferson, Benton, Hunter, Lincoln, and Grant; let asspaintain silver and gold at par with gach other, at the legal fatio of 16 to 1 until ‘a ‘conference of nations can prescribé comimon standards of value, In the meantime ‘let 96 act be done, no policy. be adopted; no expedient be resorted to that will tarnish the honor of this great. republic. Discriminating Against Silver. The Toyo Kisen Kaisha Steamship n, which has’ been arline ‘of steamers between: Japan ‘and SanDiego, touching at Los. Angeles and: fan -Brancisco, exll . acted .as_.a. condition; of coming. to the southern ,poris)a guaranty of 4090, tons of outgoing freight each month, and, if freigfit is not forthcoming, these two ye.to. put, up .$3 per ton in gold or $6 per tonin. silver, and silver country and has NOBLE,” “CASandy when that favorite Today old newspaper of up-to-date ideas, the TRANSCRIPT of Nevada City, to: be be found: in almost every well-regulated home of the county and in most all business places too, we hear. people wonder how they got along without it Yesterday consider it seriously scarcely hel and when. youcometo — being. remin the.really valuable; gews service—local and general—that makes the paper. sought for by all Tomorrow day thereafter as the days come the TRANSCRIPT will continue to improve in al departments. Company of Japa Yanginig to fun a southern cities ha along each yet Japan ib a free and unlimited coinage ‘That shows how near Japan .comes to maintaining the.parity.between gold and silver, and yet she has 45,000,000 of people, and has the assistance of great silyer-consuming China, Another fact of interest is connected with this, arrangem: Southern California c anese steamship, company, anty of .inceming: freight: is. required. g freight thar is required to be guaranteed. “In other words, there is no danger but tha: enovgh, stuff will.come from Japan t America to, keep her, part ef the mer. chant; fleet. .popfitehly employed, bu: } the danger.is-that not eneugh stuf! wil from this country to Japan to su tain this.end of. the line-of steanwhip» And that this apprehension isnot witb/ out foundation -is» made: evident upon consulting the statistics of ¢mperts an: exports from und to that venntry. the year 1895 we faported from Jape. goods amounting te $269,957, whit we exported te! that country mercban dise gmouating to only $4,634,717, anc she balanee must have been pid: ir 2000 coin oF Hellion taken from Amer e ‘an mints or American mines, and y« the United States is presumably man: . facturing for the markets MONUMENTS, TOMBSONES, ! GRANITE WORK.ent between, oui ities and toe, JapIt is only theo Weisenburger-& Got, of food. and ge Boulder st., near Park ave. Scotch Granite and Marble of Every DesoripLettering Tom : Pr Attended to. WORK WARRANTED FIRST-CLASS, PRICKS LOWEST IN THR STATS, uETis oe Urakihe Wad give SAME of ‘the world. we J

oS 36TH YEAR—NO. 11086 THE TR Published ry oh, &, OALKING, Cne Year in advance Three Months.. If not paid in ADVERTISING RATES. Made known on application. P City aa he rotee ners? sei second-class ma\ SHERMAN’S . SPERCH. A Masterly Review of the Financial Issue at Columbus. Mr. Sherman prefaced his speech by saying that inasmuch as he wished to discuss questions of vital importance to every citizen in the United States, as -well as Ohio, he would read his spedh in order to be exact in: his statements. Although Senator Sherman was frequently interrupted by applause, ‘his clear and cogent ‘reasoning was. heard: with the most profound, attention. He spoke as follows: Mr. Chairman and Fellow Citizens: A citizen of Ohio has been selected by the lican national convention as their President of the United States, and we are here to ratify and support his nomination. We. take pride in William McKinley, not only for the honor conferred upon Ohio by the convehtion, but because we know him to be fitted for that great office. We know that since his boyhood his life has been stainless, that as a soldier in the Union army be was brave and ber of Congress for he exhibited the highest d rendered, great ser* vices to his country, and that as Gov\ errior of Ohio he proved his capacity to perform difficult executive duties. . PROTECTION AND HONEST MONEY. It is the distinguishing feature of our ublican government. that every ffecting the people, of the , United States. must. ultimately. be determined by them at the ~pallot-box, and itso happens that at the coming presidential election there will be submitted to your judgment two questions, ‘one of which is whether any holder of silver bullion may deposit it at. the mints of the United States‘and have it coined for his benefit and without cost to him into silver dollars, and tender them for any debt, public or ‘The other question is whether in levyes or taxes.on imported we should only: consider. the ' revenu or whether while raising the should seek also to". ver in the subsidia: tic indus. their free coinage, * candidate for that as 4 mem mental traits an needed revenue we rotect and encourage domes Both. silver and, tariff ate. vital question’ of domestic policy, but I p on this occasion to confine my remar: to the free coinage of silver. thrust upon us by the . Populist party, tic branch -of, the Democratic} fallen in market value to nearly onehalf its former value, seeks to demonand establish silver as.the ks . age or circulation This issue is Gold and silver coins are recogby all commercial. nations of world as the best standards of Value, the measure of everything that: is . ) the . etize gold as . sole standard of value. When the Republican party came into wer in 1861 by the election of Mr. éoln, it had to face a formidable rebellion. Gold and silver were alike and irreonly .measure all other ure each other. changes:’. ‘banished from’ circulation, deemable. pepe money was substituted things, but they meas Their relative value constantly BEYOND LEGISLATION’S BEACH. This fluctuation of value’ cannot prevented by law. reach of legislation. the changing demands for and th creasing supply of these metals th .,are-.necessary _money—tilver , to supply wants of.life, and gold to sactions of: hanges, with foreign nabe . in place o' It is. beyond the It -is: caused by measurethe larger tran cially in exc How to maintain the parity of the two metals at a fixed ratio has, been, is; a will bea di ofthe first gq cupy thé attention” o men aftet the adoptio: tion, and.is now.on ing, after more national growth. In 1792 silver an common standards of va es at the ratio of 15 tol. f Aufierican states n of the constitue.of.the most. press-. .perts than 100 years of d gold were made the United Stat Then the actual,marke ounces of silver was equa market value of one ounce of gold. The greatest care tain this ratio by then’ Secretary of State, was taken to ascery These two dis men, who disagreed. “upon other questions, then relative val money at that ratio, AMBRICAN COINAGE EXPERIENCE. thansthirty years. Populistic friends ‘the crime of 1806.” In 1834, Curing t President Jackson he adininistration of : and undef the leadérship of. Daniel Webster and Thomas H. Renton, Congress adopted the of 16 of silver to J-of the number of grains ratio . d.by reducing the gold coin, As silver was this slightly undervalued Ht mae ely coined. : ; “be ¢éined.in France at : sie aon to.1, pra the owner of bullion could send it to France have it converted into coin at that ratio, thus receiving about 3 per cent -. more for his bullion than if coined a the American ratio of l6 tol, GOLD THE STANDARD IN 1834. the who said in their report: The committee think that the degircula: and ‘indiscriminately in any country whereithere are banks or money dealers, and they entertain the conviction that h to an invariable the nearest approac standard is ites establishment -in .one metal, which metal shall eompose excluithe cusrency for large payments.” is. law, heartily approved by Andrew Jackson, would now be called “the crime of 1834.” In 1858, upon the report of Senator Pierce was President, he: governtic control, . Hunter, when and whenall branches of t ment were under Democra Congress reduced the quantity of silver . fn the fractional coins more than 6 per cent, directed the purchase of silver for their coinage on government account, ‘abolished the law for their free coinage, count made them a legal tender for $5 aving gold the only full legal tender United States coin. ‘At this lar had disappeared dins of the United and et only, leaving time the-silver. dol from the current © tates tically and purStates, and was prac posely demonetized. . SILVER MADE SUBSERVIENT. The purpose of this act is thus stated by the chairman of the committee havy. ing the bill in charge of the House of Representatives: < “We propose,.o far as these coins make silver subservient. to the gold céin’of the country. We intend to do what the best writers momy have approved are concerned, to on political eco: w¥et ones Pech where the experiment has n tried, has monstrated to be ; : the best, and what»the committee be# * © The value of gold ig not affected lieves to be necessary and proper—to make but one standard of currency, and to make all others subservient to it. We mean to make gold the standard coin.” This, I suppose, would now be called ‘¢he crime of 1858.” From 1801, when Mr. Jefferson became President, to the . 2" s administration, in close of Buchanan’ 1861, the Democratic: party was @ gold party, opposed to silver and all forms of paper meney. The Act of Congress . of 1884 established gold as practically the only coin in circulation. Gold coin were ton’s ‘‘mint drops,” and all Democrats were ‘gold bugs.” DEMOCRATS DBMONETIZED SILVER. . Senator Hunter in 1853, during Pierce’s administration; secured the of a law which reduced the silry coins, abolished and limited their legal tender to $65. The silver dollar was. not mentioned, and practically was excluded from coin—yet now the Democratic party, upon the demand of the and when silver has tical momentsin coin. REVISION OF THE COINAGE LAWS. in . tender for $5 only. sition to repeal the charge made silver states. ‘ope CRIME OF 1873.” 1878, “ and’ gs the bill was under chargé in the Senate, I was held . the chief criminal.. I 4 wise measure of public policy, carefully discussed and considered :during three When we test the outery against this: act with the sober fact shown by official records; it appéars ‘simply ‘hidicrous. total number’ of silver dollars’ coined from 1792 to, 1873 was 8, p mber of ‘standard ‘sib nder the: Bland-Allison while’ the’ nw: dollars coined u Act of 1878 was 430,790,041, or times the number issued before It is strange that the very mem who supported and urged this coina e law . of 1878 and demanded the exclusive _of gold are the very men who now demand the free co’ and denounce as. ‘‘goldi bers” all those who believe in the coin‘age of both gold and silver. NEVADA JONES WANTED GOLD. It has been said that the dropping of the silver dollar in the Coinage Act of of 1873 was surreptitiously done. This charge is shown to be. false by the. der i in Oongress, and especially by the declarations of the men who n Sixteen months a ge of, that.act. Senator Jones. of vada said in a debate in the Senate June 11, 1874: , “T am opposed to any proposition, }. rm it may, that atwhat God himself I. believe. the of the law of 1834 was to standard. This was de@ of the House the com ites of the. bothéhouses, a tatives, whe had charge of efabum in the monetary system is a nda of uniform value; they cannot ascertain that both metals have ever: lated simultaneously, concurrently bea or silver coin, at his” “This measure, it was » arrest,the.dechine in, the market value of Rilyer, and enable the. Becketery.te o. metelaon a parity t the ratio of 16 to 1. eontin. does. not. relative val ment stampa It, DOCTRINE OF ANARCHISTS. mairitain the tw with each other a But the market value of silver ued to’ decline, ‘The’ government fol chased, under the set of July MM, , gly ounces, at a coat of $166} 000,"Ite purchasing is to be a Tegal debt, but in the come in whatever fo tempts to override has, made for money. . sooner we Come dewn to a purely gold standard the better it will be fo periment, ;and. the November’ 1,, 1998,,. hia, ‘ aceompanied by the following, declare: . of the tion, made a pert of the. repealing ril-1, 1874, he said: “Does this Congress mean now to leave entirely out of forever a stahdard of -val what but gold can be that standard? What other thing on earth possesses the requisite qualities? * * * Gold is the articulation of commerce. It is the most potent agent of civilization. It is gold that has lifted the nations from view and discard exchangea to be secured throu: agreement or by such safeguards fon as will insure the mainrity in valde “of ‘the coins ofthe two metals and the equal every dollar at iall times.inthe and in the _payment.of -dehts. ‘And. it is. further. declared) that vthe efforts of the soparn nen should .be to the, catablishment m of bimetaglism as 1 ‘times the equal . ¢ or jasued . have remained unca fear of such a law, been enforced. Before a free coinage bill can become a law, the wide distrust caused by the t pending of such a measure will lead to} the rapid:collection of debts, the sacrii all the of legislat tenance of the pa ’ power of “Tt ig the common. denominator of . markets. values. Itmakes possible the classification of labor and the interchange of Gold has intervened in bargains made between men since the dawn of civilization, and it-has never failed’to faithfully fulfill its part as the, universal agent and servant of mankind. steadily directe of such_a safe syste will maintain at al er of every dollar cofmed or ‘issue: ne United States in the markets and in the payment of debts.” _ This declaration, made by Congress the. President, «is; a f public policy,.that commodities. pow by th by the'stamp of the,government.” STEWART ALSO.ON RECORD. Senator Stewart of Nevada, in game debate on the 12th of June, 1874, id and approved \ by wise .statement0 ought to be acted pon without regerd to party divisions. ‘ “Sir, the laboring man and the producer is entitled to have his product d his labor measured by the same standard of the world that measures your national ~ debt. him such a standard, give } money as you require from him, You require it from. the producer. . You require from the laboring man gold to pay the interest on your jnational debt,’ avoided if you mean to save national honor; then give him the seme money with which to pay that debt. “The question will never: be settled until you determine the simple. question whether the laboring man is’ entiled to have a gold dollar if he earns it, or whether you are gol him with something else. apshot of the whole thing. Everybody has to say that the laboring man was entitled to a good dollar, They will fight it over again and the same party w ere have been a great many battles fought against gold, but gold has won Gold never has comproGold has made. the world respect it all the time. lish people once thought. they could’ get . glong without gold for a while, but they had to come back to it.” WHY THEY CHANGED THEIR MINDS. Senators Jones and Stewart andall the ‘Representatives and Senators of lver states were urgent and honest ing that gold was the best andard of value, nds when the largely production of or zinc. have the hon¢ of the } th in , and cost of silver bullion p act of Feb. 28, 1878, and follows: That is the Act of Feb. 28, 1878: $24 ‘Act of July 14, 1800. 368, @ coin, When the war was oyer the Republican party sought to restore specie payment as soon as practi3 cable, In March, 1869, it pledged the the si from.) fefth of the nation to payment in coi an . or its equivalent of all bonds of the United States, and to redeem the Uhited States notes at the earliest pracreport. of the Tre changed their mi increased and increasing silverin Nevada and other states reduced the market value of silver below that of gold at the established ratio of Then they wanted a market They wantedto pay bis and obligations congold basis in silver, In order'to carry out this pledge, it became necessary to revise the various i coinage laws of the United States.’ This for their silver, fficult problem. . was. very carefully done by a. bill I ations to ,oc. ramed in thé. Treasury. Department While Mr. Boutwell was Secretary. was:thoroughly considered by the ex) of -that.department, and was printed and submitted to all persons in the United Statess who, were supposed . te be familiar with the coinage laws. laé im the . ‘The bill, accompanied by a, mass o information, was sent to Congress A t, value of fifteen . 26, 1870, by Secretary Boutwell; and its 1 to the actual . passage was strongly recommended by him. This bill omitted from the .coins of the United States the silver dollar, Thomas Jefferson, . precisely ap was done in 1853, but proand Alexander . vided for the coinage of the fractional Hamilton, then Secretary of the Treas-. parts ofthe doilar in accordance with tinguished, states. the act of that year. nearly’ all) This bill was pending in Congress for upon the . three years—wis earefully considered ue of the two metals, jin both houses, and special attention and that both should be coined inte . was called to the omission of the 412} ains silyer dollar, which was never in the bill-at any stage, and the reason a: alle Oe ad for this omission given. It was finally: When the new “American ‘coins were . 401 ined, at the urgent request of issued, it was found that the pbraded . “ ‘ % : and worn coins of other sountries-Alled, memibers from the pone Const, a are the channels of circulation, and the new sert among the silver coins ae 4 4 se and bright dollars of the United States . 187 containing 420 grains of stan at were exported. . silver, but this dollar was made a legal This led to the discontinuance, 1808, by President Jefferson, of the eoinaze of the silver dollar, and after that date none. were coined for more This order of Jeffertracted upon the but took care in their contracts ulate for the payment of gold to them, land this has been and is now the genal practice-in the silver states. In anticipation of the resumption of yments, the resumption act of silver coins of dimes, 875 provided 3 for the reuarters and half dollar on of the, fractional . currency 1 use in our country. jthen in genera ns gave great satisThese new silver coi faction: They were limited in legal tender qualities to $10. ; THE BLAND-ALLISON ACT. At this time Mr. Bland of Missouri introduced his bill for the free coinage of silver at the ratio of 16 to 1 on the demand of the holders of silver bulStlyer had then declined below that ratio. The Bland bill, if it, had become a law. as it passed the House, would fiave demonetized gold, Such was not the purpose of Congress. When the bill came. to the Benate, an amendment was made on the motion of Senator Allison, which changed the scope of the bill, and directed the Secretary of the Treasury to purchase, from time to time, silver bullion at the market price, not. less than~ $2,000,000 nor more than $4,000,000 worth per month, and cause the .same to he coined into silver dollars. This bill, so amended, is known as the Bland-—Allison Act, It greatly added to the difficulties of resumption, and for that reason was vetoed by President Hayes, but became a law over his veto. There was but one yea and nay vote on the bill, and that was on the propo by the mint-forthe eoinage of antag I voted SUDy ‘against its repeal. The bill became a son, I suppose, would be called by our ' sot Feb. 12, 1873, by practically 8 iad jmous vote of both parties, and was specially supported and voted for by the senators and members from the i ‘It was hoped that. the. enormons pur-.! of sily page, this law. would ar-, 0: the decline ver, steadily es d money, tinder “conditions, that . would, not demonetize gold. € As the result of long discussions in 1890, by ‘which’ the Secretary of the Treasury was directed to purchase:sil vér bullion tothe. aggregate-of -4,500;~

000 ounces a,month: at. the m: : and to issue, in payment.of suelypur-. . chases treasury notes,,which were made gal tender, and were oleate by Secretary of the Treasury’ in gold’ diseretion, 6 EET) ver, but inspite of the purchase of ‘amounts to over’ e, and at the present pr to the coveranient ‘on Pe sliver under thisact $100,000,000. ’ When Congress.met in: December, . 1889,. there, was a strong, desire iim both, houses to. utilize silver,as: legakitender This proved tohe an expensive exrepeal. was . it is ble. valpe, , such ..equality . : gh_ international HERE WE QUGNT TO STAN And here, fellow. ¢itizans,, we. ought to atand. I appeal to } ‘Republicans a ested im havi rency, founde smocrats and like, Weare all inter# sound and: stable eurupon gold and silver. We cannot by Jew fix the value: of. either metal or coin or any of the, articles that enter into the wants of life. The great law of , demand and supply affects the value as it dees iron, copper All have fallen in>’market value by means of ‘néw. discoveries and . improved methods of production. I have here a statement of, the Director of the Mint, showing.a shrinkage of over $145,000, 000. ; Hon. John Sherman, Mansfield, Ohio—#tr: J r to state, in reply to your letter st., that the agaregate amount urchased under the Tuly 14, 1600; rae as e bi i yA Coat. 1, 72.018. 6 $96,279, 28).71 04, 082,53 « 2 6:951,002.25 ; : EVENING, AUGUST 27, 1896. core + wih * . their purchasing, power. ratio-of 16 to 1. sale of property. mandato: circulation, and the ¢ silver coin, This has been called the “crime Os DID NOT CHECK, SILYER DECLINE, Totals....-.++ $430046,701.00 $464/210, 262.06 Worth at today's market price silver, namely, $0.60212 per, fine OUNCE. ea ceeeetereeeeres Loas in purchase....-so aeatau $145,671 952.21 Respectfilly yours, R. BE, PRESTON, Director, of, the Mint, MONEY IN. CIRCULATION. We had July 1st lastiin setualiciroulation among. the peaple of,. the United States, $1,509, 725,200, as stated by the asury Department. . We had,also at that date $684,519;981 in the treasury, mostly gold and silver. _ All these formsiof money: have been maintained by the government at par with gold, @nd.they travel) the circle of the world, without. diminution of. for <4 +» $318, 388,810.75 bullion has fallen te nearly one-half its former value, yet we have used it and maintained silver coin from it at the PROPOSAL WOR. SILVER ALONE. But now we are brought face ta face with a proposition which, ff agreed to, awill. make silver the sole standard of value for all debts and credits, for the wages of-labor and*the purchase “and Thongh silver in coin on demand of States notes presented for into operation for,the payment all, United whether 6f silver or gold or:paper, were and, ‘During all ‘coins at pi the stan Hiarket value, t ‘the’ soitis made “from it: Reve-been kept cat par with: gold. coins: atithe legal ratio of. 16 to 1. weet free coinage, of: silver is. , then the market value of yer bullion becomes the standard for . RS 21) payments en all contrgets made in the. a tn past, the present or the future; « 412} standard éilver bullion, worth . ’ vow, 63 cents, ean, with free coinage, be’ . @t par with gold? of.any-holder of such-bullion. . ,This dol. view Aéllar ‘upon the: demand larsis delivered to.the ownerjof. the bul-. mena a leessen it eoined inte a lion, and is not, supported by the flat of, the gevermment, The . government, ‘9 at OB, . heat the publi this policy should’ be adepted the States will take its’ place among of.the earth en a, bankru wt: 5S conte, on undertake to, maintain its with gold. The govern~ . » “iPhis ie'adoliar.” *. « the . purchase of.any article only: worth) 58.cente, for the peller and injustice th itors by the of debts duefice of: property, and deepen existing ’ financial. difficulties. growing out,of insufficient. revenues for the national as well as many state governments, . WORSE THAN GRAYE, BOBRERY.It 1s sometimes said, a ca ipehe al plood-suckers, poses et It may be that there are among moneyra some men who merit these, epibut the gréat body of the credof ovr country are among the thrifty, industrious and intelligent men and women of every community. body of creditors here, is the n. soldiers, their, widows 970,000. Unio , who are creditors of the and orphans, United States 000 a year for services and sacUnion army. It would be an act of perfidy and meanness beyond expression. for this great ‘oountry topay them with money of less ‘purchasing old. coin. ‘To reduce.the ittance to, these. pension: rifices in the power than g CHEATS WIDOWS AND ORPHANS, There is another class of citizeas that the free coinage of siver, will greatly inIt'is the ace? in savings institutions and kin who, acc g to official statistics, number nearly 5,000,000 people; : and whose deposits. amount to more, than $1, 800,000,000. Free. coinage will also wipe out nearly one-half the value of life insurance which provident people of the United ' States "have paid to secure some support for wife and children. 3 It will affect injuriously the multitude of clerks and employes whto. depend upon. monthly pay, and will reduce. the sing power of ali salaries of oificers and emplo of the United States and of every state, county, city or township in this broad The Demoeratic party, at its recent ednyention at. Chicago, adopted a resolution in fayor of the #ree coinage of silver at the ratio of sixteen parts of silver to one part of gold. We know that in the United States and in all countries in'the world thirty ounces or more of silver can be pur chased by one.ounce of gold, With the free coinage of silver gold will be demonetized. Nothing can be more certain than that the cheaper money only will circulate, The United States has thus far maintained its silver coins at parity with gold coins only by its exclusive monopoly of coinage Ro ws limiting the amount, but with free ; of silyer there ahr be no fatten oh Miver bulliom in every form will be pressed upon the mints, and with the duty of free coinage silver dollars goon fill the channels of dollar will. be hoarded, or will be quoted and sold as a commodity at about 194 cents of the on. RESULTS OF FREE COINAGE. “Let us contemplate for a while the inevitable-result of ‘the free coinage of silver, even if I repeat what I say. It woutd violate every con for the payment of money since Jan. 1, 3878, The Resumption eT ead Act, which went —* tract made on, ty with each’ ar ‘bullion ‘declined in j and $118, power: is 58 cents, but’ . ie one delian, Te . giceiee. is another element of, meannoss free coinage 0 i e United States mder fer_one dollar ‘of } articte can fix his price according, in the kind of money offered. — niet doctrine of the, Popylist and tng “And it 1s hereby declared to be the loa policy of the United States to’ continue . snarch but.is in direct, opposition . ee wae of both gold and ailver as stand-. to fle traditional policy of © Sgniss. atipplated to. ard money, #nd to coin® both : id and’ Jefferson, Andrew Jackson ‘and the and interest, c silver into money of equal intrinsic and ‘Democratic-party. All, of she.wer When we contemplate the. great this Ming ot: amount.of debt and credit that: is nna. the este. ef, Pence D9 voidable in a. vast but new country like: of interest, . but ye ours, we shrink from any, measure that He will either rob the lender or do injugtice to the borrower. ee »It is impossible to estimate the wrong 000,000 at will be done to ored-. Outstanding, of wh p sealing of nearly one-half: sold by this administration, and paid due-them. 'The-very. threat: to: do it will lead to the prompt and harsh ils « collection of debts. before free; coinage advocate the free coinage” can become a law. Debts. that, would force the’ government to “pay these : Ned for have, in bonde'in Silvercein reduced in value. Tt ia: harshito expreas this jopinion of favored by many, good peoot regard it in any other ha fraud and ‘a rebbery, if qommitted by & ho should commit.such an the courta. Paints, to the amount of over an to’rob the graves of dred organizations, loyes in the public service CONSPIRACY AGAINST WAGES. But by far the greatest injury resulting from the free coinage of silver wi fall upon werkingmen. Their, wages are, now b ased. upon . money; of; the highest value, npon, geld . the . eoin of. standard, value. coinage of silver the value of the silver dollar will fall to 53 cents in gold, or, 1 have already said, the 100 cen of the gold dellar will be worth 104 cents of the silver dollar. “With free coinage o working man ought to demand. enough silver for his dally wages to be equal to the purchasing power of .his. present wages in, gold. The strugg' and employer will no one knows better than the man how difficult it is to get.an adyance Under free as ts . f. silver évery le between workingman then commence, and workingpay' Of all evils which a government ean inflict none can be greater thant cheap . money, whether of coin or paper. WHAT IS THE BEST DOLLAR? That dollar is the best dollar. that buys, the largest quantity That. dollar is buys morte food and clothing any other dollar, and will also buy a silver. dollar for 53 centsif the coinage of silver is. made free atthe ratio of 16 mce has shown that the tes can make the silver, dollar buy aa much as the it.can only be done by buying “silver bullion as needed, and g it into dollars on” e gold dolold dollar, but e government * ote te 40YEARS. Every country ypt Russia, republics and maintain the gold coins at'parity with less ratio than the -mvew. Russia has §$400,000,000 of gold in preparation for the gold standard which she will adopt. : : . (WOULD, BANKRUPT THR NATION. _ We have now in the treasnry -belongedged, for Be {ng to the government “over 879, 400,000 2 ir. dollars represented by certificates, also silver bullion costing over 000,000 in tregaury notes, in active tion and maintained at par with eratio of 16 tol, silveria worth i be 7 a , d, at eveh a then maintained st par with\each'other, : have'l spa saintainedbever since. hearded over this period gold . and ‘silver with each other/have been rds of value of alljloangs, ¢on. : urchases, and the faith of the NEVADA CITY IN LINE WITH THIS AGE OF PROGRESS, ‘siiver Sanitary Plumbing I make a specialt; n the market thy should we receive owners of silver ly double its market value five stich @ vast heard in the which we hold with ‘difficulty ow conlyobject::and effect of: this he to degrade the. dollar,’ ng. power nearly, able . re to pay their cents for a dollar and to c creditors ‘who held our Stoves Morning Light Pat. Todd Sunbeam Box Patterns And others ) Richmond Grand Pacific Heating Cooking has always paid ubvelent. In : our. bende, principal Westwood And others H ardware Fanoy and ae completest I ever offered ng. a lower rate en when. our noter its equivalent, ev ‘About '$847,were bélow par in ‘coin. of .these:.certificates .are . now f which $262,000,000 was . . There is nothing of that ’ / made that you cannot on sale when you visit my store. Plain and decorated Tinware In profusion to suit all nd purses. I'am sure department. Crockery I can please you in for,in gold, coin, wed Itjis one of the of those who of silver ‘te so Rte Remember that ~! ge a spe: eat to the most ela Se touna here. a measure ‘ le, but Loann ght but as bot Wire Fencing Have plain and fancy. great, rich a And‘other materials for Best offeneé'would be,punished iby Be inters’ use. or epee reowenen ing bute Spe ready mixed Paint so yond. wer of any. — conagience and Go. : 1D THE NATION'S HONOR. “<Now, fellow-citisens, f have said all that I desire. te. say at present, of the free coinage.of silver. ‘ fident. hope. that the ] of the, Republican and Demtic parties representing the conserof our people will stamp ir rebuke upen’ this measire ef infamy; dnd thus preserve intact ‘the honor, the.credit and. glory of our great . like onrs. Firearms products of the! GEO. E. TURNER f ; 85 to 59 Pine Street, NEVADA CITY. ive elements Do You Want a Good Drink ? Then Try PARNEL H ‘JESSE M Kk,” “CYR BOD" Whiskies, « and Burke's Genuin oe drink sufficien THE RECEPTION,” Com mereial Street. This matter of free coinage of silver and the degradation of the standard of value involves not only: questions of money, but of: honor and good faith. When their honor: is involved, the people never fail to respond. 3 have complied with eyery promise and avid every debt of the national government, as. it, begame, due. adid four-ifths of the debte luring the civil war, and the prospeet was hopeful that all of it would be vaid before the close of the centur vat this reversing our standards <alue has, like ‘the. fire-bell at night, riled and alarased our people. Let. us; settle it, by. following: the actiohs.of . Washingten, Jefferson, Benton, Hunter, Lincoln, and Grant; let asspaintain silver and gold at par with gach other, at the legal fatio of 16 to 1 until ‘a ‘conference of nations can prescribé comimon standards of value, In the meantime ‘let 96 act be done, no policy. be adopted; no expedient be resorted to that will tarnish the honor of this great. republic. Discriminating Against Silver. The Toyo Kisen Kaisha Steamship n, which has’ been arline ‘of steamers between: Japan ‘and SanDiego, touching at Los. Angeles and: fan -Brancisco, exll . acted .as_.a. condition; of coming. to the southern ,poris)a guaranty of 4090, tons of outgoing freight each month, and, if freigfit is not forthcoming, these two ye.to. put, up .$3 per ton in gold or $6 per tonin. silver, and silver country and has NOBLE,” “CASandy when that favorite Today old newspaper of up-to-date ideas, the TRANSCRIPT of Nevada City, to: be be found: in almost every well-regulated home of the county and in most all business places too, we hear. people wonder how they got along without it Yesterday consider it seriously scarcely hel and when. youcometo — being. remin the.really valuable; gews service—local and general—that makes the paper. sought for by all Tomorrow day thereafter as the days come the TRANSCRIPT will continue to improve in al departments. Company of Japa Yanginig to fun a southern cities ha along each yet Japan ib a free and unlimited coinage ‘That shows how near Japan .comes to maintaining the.parity.between gold and silver, and yet she has 45,000,000 of people, and has the assistance of great silyer-consuming China, Another fact of interest is connected with this, arrangem: Southern California c anese steamship, company, anty of .inceming: freight: is. required. g freight thar is required to be guaranteed. “In other words, there is no danger but tha: enovgh, stuff will.come from Japan t America to, keep her, part ef the mer. chant; fleet. .popfitehly employed, bu: } the danger.is-that not eneugh stuf! wil from this country to Japan to su tain this.end of. the line-of steanwhip» And that this apprehension isnot witb/ out foundation -is» made: evident upon consulting the statistics of ¢mperts an: exports from und to that venntry. the year 1895 we faported from Jape. goods amounting te $269,957, whit we exported te! that country mercban dise gmouating to only $4,634,717, anc she balanee must have been pid: ir 2000 coin oF Hellion taken from Amer e ‘an mints or American mines, and y« the United States is presumably man: . facturing for the markets MONUMENTS, TOMBSONES, ! GRANITE WORK..ent between, oui ities and toe, JapIt is only theo Weisenburger-& Got, of food. and ge Boulder st., near Park ave. Scotch Granite and Marble of Every DesoripLettering Tom : Pr Attended to. WORK WARRANTED FIRST-CLASS, PRICKS LOWEST IN THR STATS, uETis oe Urakihe Wad give SAME of ‘the world. we J