Pittston Gazette

              r Jme ESTABLISH EDI 8 SO. I VOL. XLVi. NO. 50 f Oldest Newspaper in the Wyoming Valley. PITTSTON, LUZERNK CO., PA., Fill )AV. AUGUST 21. 1896. a-** BRYAN'S ADDRESS pledge? Foi a hundred years the supreme court of the United States has sustained the principle which underlies the Income tax. Some 80 years ago this same court sustained without a dissenting voice an lnoome tax law almost Identical with the one recently overthrown. Has not a future court aa much right to return to the Judicial precedents of a oentury as the present court had to depart from them? When courts allow rehearlngs, they admit that error Is possible. The late decision against the Income tax was rendered by a majority of one after a rehearing. tiie gold standard upon others. 1 shall ask you to consider the language of two gentlemen whose long public service and hltrh stanmng ui uhi party to which they belong will protect them from adverse criticism by our opponents. In 1869 Senator Sherman said: "The contraction of the currency is a far more distressing operation than senators suppose. Our own and other nations have gone through that operation before, it is not possible to take that voyago without tho sorest distress. To every person, except a capitalist out of debt or n salaried officer or annuitant, it Is a period of loss, danger, lassitude of trade, fall of wages, suspension of enterprise, bankruptcy and disaster. It means ruin to all dealers whose debts are twice their business capital, though one-third less than their actual property. It means the fall of Jill agricultural production without any groat reduction of taxes. What prudent man would daro to build a house, a railroad, a factory or a liarn with this certain fact before liinrf" As I have said before, the salaried officer referred to must be the man whose salary is fixed for life and not the man whose salary depends upon-business conditions. When Mr. Sherman describes contraction of the currency as disastrous to all the people except the capitalist out of debt and those who stand in a position similar to his, he is stating a truth which must beapparent to every person who will give the matter careful consideration. Mr. Sherman was at that time speaking of the contraction of the volume of pai«r cuircncy, but the principle which he set forth applies if thcro is a contraction of the volume of the standard money of the world. mint we nuvc rcacneu ine ena 01 tne evi. results of a gold standard. We have not reached the end. The Injury Is a continuing one, and no person can say how long the world is to suffer from the attempt to make gold the only standard money. The same.Influences which are now operating to destroy silver in the United States will, if successful here, be turned against other silver using countries, and each new convert to the gold standard will add to the general distresa So long as the scramble for gold continues prices must fall, and a general fall In prices is but another definition of hard times. could then demand the dearer metal. The right of the debtor to choose the coin uj which payment slu.ll be made extends to otDligatious due Iroin the government as well as to contracts between individuals. A government obligation is simply a debt due from all th« people to one of the people, and it is impossible to justify a policy which makes the interests of tho one person who holds the obligation superior to the rights of the many who must Ijc taxed to pay it. When, prior to 1873, silver was at a premium, it was never contended that national honor required the payment of government obligations in Bilver, and tho Matthews resolution, adopted by congress in 1878, expressly asserted the right of the United States to redeem coin obligations in standard silver dollars as well as in gold coin. age is too large to be utilized by the U nit ad States. times as much, at the coinage ratio, as the annual production of silver, and yet, owing to the maintenance of the bimetallic standard, these enormous changes in relative production had but a slight effect upon the relativo values of the metals. in a iuw mo; 11 Our Capacity to Silver. If, however, bo withdrawn i In discussing this question we must consider the capacity of our people to use silver and the quantity of silver which can come to our mints. It must be remem!Dered that we live in a country only partially developed, and that our people far surpass any equal number of people in the world in their i»wer to consume and produce. Our extensive railroad development and enormous Internal commerce must ulso be taken into consideration. Now, how much silver can come here? Not the coined silver of the world, lDecause almost all of it is more valuable at this time in other lands than it will bo at bur mints under free coinage. If our mints are op»ncd to free and unlimited coinage tho present.ratio, merchandise pilver cannot come here, lx-cause the labor applied to it lias mode it worth more in the form of merchandise than it will bo worth at our mints. Wo cannot oven expect all of the annual product of silver, because India, China, Japan, Mexico and all the other silver using countries must satisfy their annual needs from the annual product. The arts will require a large amount, and the gold standard countries will need a considcrablo quantity for subsidiary coinage. We will lie required to coin only that which is not needed elsewhere, but if we stand ready to take and utilize all of it other nations will bo compelled to buy at the price which wo fix. Many fear that tho opening of our mints will !Do followed by tho enormous increase in the annual production of silver. This is conjecture. Silver lias Iwen used as money for thousands of years, and during all of that time the world has never suffered from an overproduction. If for any reason the supply of gold or silver in the future ever exceeds tho requirements of the arts and the needs of commerce, we confidently hope that the intelligence of tho people will bo sufficient to devise and enact any legislation necessary for the protection of the public. It is folly to refuse to the people tho money which they now need for fear they may hereafter have more than they need. I am firmly convinced that by opening our mints to free and unlimited coinage at the pres ent ratio we can create a demand for silver which will keep tho price of silver bullion at $1.29 per ounC e, measured by gold. Is made to prove: the preservation o. the people may lDe. The Democratic Candidate's Formal Acccptance of the Presidential Nomination. The Full Text of His New York Speech. If it is asserted by our opponents that the free coinage of silver is intended only for the benofit of the mine owners, it must be remembered that free coinage cannot restore to tho mine owners any more than demonetization took away, and It must also be remembered that the loss which the demonetization of silver has brought to the mine owners is insignificant compared to the loss which this policy has brought to the rest of the people. The restoration of silver will bring to the people generally many times as much advantage as the mine owners can obtain from It. Whilo it is not tho purpose of free oolnage to specially aid any particular class, yet those who believe that the restoration of silver is needed by the whole people should not bo deterred lujcause an incidental benefit will come to the mine owner. The erection of forts, the deepening of harbors, the improvement of rivers, the erection of public buildings, all these confer incidental benefits upon individuals and communities, and yet these Incidental benefits do not deter us from making appropriations for these purposes whenever such appropriations are necessary for the public good. new and vital issue 1 la necessary for the and the changers of mo. obtain consent from ti. legislate upon financial q have passed from a den Threats and Intimidation \ tocracy. But that time has While the money question overshadows all other questions In importance, I desire it distinctly understood that I shall offer no apology for the income tax plank of the Chicago platform. The last income tax law sought to apportion the burdens of government more equitably among thoae who enjoy the protection of the government At present the expenses of the fedoral government,collected through internal revenue taxes and Import duties, are especially burdensome upon the poorer classes of society. A law which collects from some citizens more than their share of the taxes and collects from other citizens lees than their share is simply an indirect means of transferring one man's property to another man's pocket, and while the process may be quite satisfactory to the men who escape just taxation It can never be satisfactory to those who are overburdened. avail. The people who In j ueelom jib In H*- dlaaoah, daughoshur (II Sam. Ill, 8, -unifies "father of peace," .vould rather suggest one who ..is father the devil (John Till, 44). •ause of the murder of his brother Amnou. David's firstborn, he fled to th« king of Geshur and was there three yean, but Our opponents, while olalmlng entire disinterestedness for themselves, have oppealed to the selfishness of nearly every class of society. Recognizing the disposition of the individual voter to consider the effect of any proposed legislation upon himself, we prcseat to the American people the financial policy outlined in the Chicago platform, believing that It will result in the greatest good to the greatest number. tho doctrino that kings rule vine will not in this generation to a doctrino that money is omn Mr Chairman, C.ENTLBinnf o* th* Committee and Fellow Citizens—I shall at a future day and in a formal letter acccpt the nomination which is now tendered by the notification committee, and I ■hull at that time touch upon the issues presented by the platform. It Is fitting, however, that at this time, in the presence of those here assembled, 1 speak at some length in regard to the campaign upon which we are now entering. We do not underestimate tho forces arrayed against us, nor are we unmindful of the Importance of the struggle In which we are engaged; but, relying for snooess upon the righteousness of our cause, we shall defend with all possible vigor the positions taken by our party. We are not surprised, that some of our opponents, in the absence of better argument, resort to abusive epithets, - but they may rest assured that no language, howover violent, no invectives, however vehement, will lead us to depart a single hairbreadth from the ooursa marked out by the national convention. The citizen, either public or private, who assails the character and questions the patriotism of the delegates assembled In the Chicago convention assails the character and questions the patriotism of the millions who have arrayed themselve* under klio banner there raised. International Bimetallism. In conclusion, permit mo to say In regard to International bimet. Upon this subject, the Chicago platform reads, "Weare opposed to the policy and practice of surrendering to the holders of UMD obligations of the United States tho option reserved by law to the government of redeeming such obligations in either silver coin or gold coin." We are not opposed to an internat agreement looking to the restoratioi bimetallism throughout the world. advocates of free coinage have on all occasions shown their willingness to co-oj urate with other nations in the reinstatement of silver, but they are not willing to await the pleasure of other governments when immediate relief is needed by the people of the United States, and they further believe that independent action offers better assurance of international bimetallism than servile dependence irjxin foreign aid. For more than 20 years we have invited the assistance of European nations, but all progress in the direction of inter- The farmers are opposed to the gold standard because they have felt Its effects. Since they sell at wholesale and buy at retall they have lost more than they have gained by falling prices, and besides this they have found that certain fixed charges have not fallen at all. Taxes have not been perceptibly decreased, although it requires more of farm products now than formerly to secure the money with which to pay taxes. Debts have not fallen. The farmer who owed $1,000 Is still compelled to pay $1,000, although It may be twice as difficult as formerly to obtain the dollars with which to pay the debt. Railroad rates have not been reduced to keep pace with falling prices, and besides these items there are muny more. The farmer has thus found it more und more difficult to live. Has he not a just complaint against the gold standard? through I ho pleading of the wide womai of Tekoa, employed by Joab, he came back to Jerusalem and dwelt two yean without reconciliation to his father,after which, through Juab's intercession, the king becanie reconciled to him, saw him and kissed him (chapter xlv, 28, S3). It is constantly assumod by some that the United States notes, commonly called greenbacks, and the treasury notes, issued under tho act of 1890, are resiDons1blc for the recent drain upon the gold reserve, but this assumption is entirely without foundation. Secretary Carlisle appeared before the house committee op appropriations on Jan. 21, 1895, and I qtthtefrojn tho printed report of his testimony before tho committee:Carlisle's Testimony. 2. "And Absalom rose op early and stood beside the way of the gate." The expression "rose up early" signifies gnat earnestness and is used many times in Jeremiah concerning God's unwearied earnestness In urging His people to repent and torn to Him. In Isa. v, 11, It la used, as here, concerning the earnestneaa of tba wicked, for here wo see Absalom In the place of public gatherings, kindly greet ing the people who caine to the king to have their wrongs righted and aeeking to turn their hearts from his father to himself. The self seeking of the natural heart la often seen in those who seek to advance themselves, no matter who is overthrown, bat when this is seen in a son against his own father then the devil Is sorely doing special work. The last Income tax law, with Its exemption provisions, when considered in connection with other methods of taxation In force, was not unjust to the possessors of large incomes, because they were not compelled to pay a total federal tax greater than their sham The income tax is not new, nor Is it based upon hostility to the rich. The system Is employed In several of the most Important nations of Europe, and every lnoome tax law now upon the statute books fc any land, so far as I have been able to ascertain, contains an exemption clause. While the collection of an lnoome tax In other countries does not make it necessary for this nation to adopt the system, yet It ought to moderate the language of those who denounce the lnoome tax as an assault upon the well to do. The argument that a silver dollar is heavier than a gold dollar, and that therefore silver is less convenient to carry in large quantities, la completely answered, by the silver certificate, which is as easily carried as the gold certificate or any other kind of paper money. Rational bimetallism has tea© blocked by the opposition of those who derlvo a pernn lary benefit from the*'«,ppreciation of gold. How long must we wait for bimetallism to be brought to us by those who profit by monometallism? If the double standard will bring benefits to our people, who will deny them the right to enjoy those bene fits? If our opponents would admit the right, the ability and the duty of our people to act fof themselves on all public questions without the assistance and regardless of the wishes of other nations and then proposo the remedial legislation which they consider sufficient, we could meet them In the field of honorable debate, but when they assert that this nation is helpless to protect the rights of its own citizens we challenge them to submit thi Issue to a people whose patriotism has nevar been appealed to In vain. Mr. Sibley—I would liko to ask you (perhaps not entirely connected with the matter under discussion) what objection there could be to having tho option of redeeming either in silver or gold lie with the treusury instead of the noto holder? Mr. Blaine discussed the same principle in connection with the demonetization of silver. Speaking in the house of representatives on the 7th of Feburary, 1878, he aiid: "I believe the struggle now golngon in this country and other countries for a single gold standard would, if successful, produce widespread disaster In and throughout the commercial world. Th® destruction of silver as money and the establishing of gold as the sole unit of value must have a ruinous effect on all forms of property except those Invested which yield a fixed return in money. These would be enormously enhanced in value and would gain a disproportionate and unfair advantage over every other species of property." Is it strange that the "holders of investments which yield a fixed return in money" can regard the destruction of silver with complacency? May we not sxpect the holders of other forms of property to protest against giving to money a "disproportionate and unfair advantage over C• very other species of property?" If the relatively few whoso wealth consists largely in fixed investments have a right to use the ballot to enharco the vahie of their investments, have noi the rest of the people the right to live the ballot to protect themselves from the disastrous consequences of a rising standard? The people who must purchase money with the products of toll stand In a jiosition entirley different from the position of those who own money or receive a fixed income. The well lieing of the nation—aye, of civilization ltlelf—depends upon tho prosperity of the masses. What shall it profit us to have a foliar which grows more valuable every flay If such a dollar lowers the standard of rlvllization and brings distress to the people? What shall it profit us if in trying to rai9e our credit by increasing the purchasing power of our dollar we destroy our ability to pay tho debts already contracted by lowering the purchasing power of the products with which those debts must be paid? If it is asserted, as it constantly ia asserted, that the gold standard will enible us to borrow more money from abroad, I reply that the restoration of bimetallism will restore tho juirity between money and property, and thus permit an era of prosperity ' which will enable the American people to l«come loaners of money instead of perpetual borrowers. Even If we desire to borrow how long can wo continue borrowing under a system which, by lowering the value of property, weakens the foundation upon which crodit rests? As to the Present Ratio. There are some who, while admitting the benefits of bimetallism, object to oolnage at tho present ratio. If any are deceived by this objection, they ought to remember that there are no blmetallists who are earnestly endeavoring to secure it at another ratio than 10 to 1. We are opposed to any change in the ratio for two reasons— first, because a change would produce great injustice, and, second, because a change In tho ratio is not necessary. A change would produce Injustice because, If effected In the manner usually suggested, it would result in an enormous contraction in the volume of standard money. If, for instance, it was decided by International agreement to raise the ratios throughout the world to 82 to 1, the change might be effected in any one of three ways. Secretary Carlisle—If that policy had been adopted at the beginning of resumption—and I am not saying this for the purpose of criticising the action of any of my predecessors or anybody else—the policy cf reserving to tho government, at the beginning of resumption, the option of redeeming in gold or silver all itspj'per presented, I believe It would have worked beneficially, and there would havo Iwen no trouble growing out of it, but the secretaries of the treasury from the beginning of resumption have pursued a policy of redeeming In gold or silver, at the option of the holder of the paper, and if any secretary bad afterward attempted to change* that policy and force silver upon a man who wanted gold, or gold upou a man who wanted silver, and especially if he had made that attempt at such a critical period as we have had in the l;ist two years, my judgment is it would have been very disastrous.The wage earners have been injured by a gold standard aud have expressed themselves upon tlie subject with great emphasis. In February, lK'.to, n petition asking for the Immediate restoration of the free and unlimited coinage of gold and sii ver at 16 to 1 was signed by tho representatives of all, or nearly all, the leading labor organizations ar.d j resented to congress. Wage earners know 1 hat while a gold standard ralfes the purchasing power of the dollar it also makes it more dill] cult to obtain possession of the dollar. They know that employment is less permanent, loss of work more probable and re-employment less certain. A gold standard encourages ti e hoarding of money because money is rising. It also discourages enterprise and paralyzes industry. On the other hand, the restoration of bimetallism will discourage hoarding because when prices are steady or rising money cannot afford to lie Idle in the bank vaults. The farmers and wage earners together constitute a considerable majority of the people erf the country. Why should their interests be ignored in considering financial legislation? A monetary system which is pecu n - larlly advantageous to a few syndicates has far less to commend It than a system which would give hope and encouragement to those who create the nation's wealth. Effect on Wage Earners. It has been charged by men standing high In business and political circles that our platform is a menace to private security and public safety, and It haa been asserted that those whom I have the honor fur the time being to represent not only meditate an attack upon the rights of property, but are the foes both of social order aud national honor. 3, 4 "Absalom said, moreover, Oh, that I wore made jndge in the land." He speaks of the justice that be would show if hu Were luaUo judge in the land, bat it shouM not require much penetration to see that a man who would treat his own 'ather an unjustly as he waa now doing rould not be likely to do justly by any mo unless it might happen to serve his Not only shall I refuse to apologise for the advocacy of an Income tax law by the national convention, but I shall also refuse to apologize for the exercise by it of the right to dissent from a decision of the supreme court. In a government like ours every public official is a public servant, whether he holds office by election or by appointment, whether he serves for a term of years or during good behavior, and the people have a right to criticise his official acts. '' Confidence Is everywhere the parent of despotism. Free government exists in jealousy and not in confidence." These are the words of Thomas Jefferson, and I submit that they present a truer conception of popular government than that entertained by those who would prohibit an unfavorable comment upon a court decision. Truth will vindicate Itself. Only error fears free speech. No public official who conscientiously discharges his duty as he sees it will desire to deny to those whom he serves the right to discuss his official conduct.Some of our o] ponents attribute the fall in tho value of silver, when measured by gold, to tho fact that during the last quar tcr of a century the world's supply of silver has increased mo e rapidly than the world's supply of gold. This argument is entirely answered by the fiict that during the last five years the annual production of gold has increased n.ore rapidly than the annual production of silver. Since tho gold price of silver hi s fallen moro during the last live years th in it fell In any previous live years i:i the history of the world It is evident that the fall is not due to increased production. Prices can be lowered as effectually by decreasing the demand for an article as by increasing the supply of It, aud it seems certain that the fall In the gold price of silver is due to hostilo legislation and not to natural laws. Those who stand upon the Chicago platform are prepared to make known and to defend eveiy motive which Influences them, every purpose which animates them and every hope which inspires them. They understand tho genius of our institutions, they are stanch supporters of the form of government under which we live, and they build their faith upon foundations laid by the fathers. Andrew Jackson has stated, with admirable clearness and with an emphasis which cannot be surpassed, both the duty and tho sphere of government. He said: "Distinctions in society will always exist under evory just government, Equality of talents, of education or of wealth cannot bo produced by human institutions. In the full enjoyment of the gifts of heaven and tho fruits of superior industry, economy and virtue every man is equally entitled to protection by law." Wo yield to none In our devotion to the doctrine just enunciated. Our campaign has soft for Its object the reconstruction of society. Wo cannot Insure to the vicious the fruits of a virtuous life; we would not invade the home of the provident In order to supply the wants of the spendthrift; we do not propose to transfer the rewards of industry to the lap of indolence. Property is and will remain tho stimulus to endeavor and the compensation for tolL We believe, as asserted In tho Declaration of Independence, that all men are created equal, but that does not moan that all men are or can be equal in possessions, in ability or in merit. It 6imply means that all shall stand equal beforo tho law, and that government officials shall not, in making, construing or enforcing the law, discriminate between citizens. We shall not offend other nations when we declare the right of the American people to govern themselves, and, without let or hindrance from without, decide upon every question presented for their consideration. In talcing this position we simply maintain the dignity of 70,000,000 citizens who are second to nono in their capacity for self government. own unils. I heard only this week of m ma atop who eaid Chat no politician woulC take hold of a matter without  how it might afieot his own political prospects. It is the world's way to live onto 'oneself; it is only by the Spirit of God that we can deny self and live onto God. The silver dollar could be doubled In size, so that tho new silver dollar would weigh S3 times as much as the present gold dollar, or the present gold dollar could be reduced one-half In weight, 6o that the present silver dollar would weigh 83 times as much as the new gold dollar, or the change could be made by Increasing the size of tho silver dollar and decreasing the size of the gold dollar until the new silver dollar would weigh 32 times as much as the new gold dollar. Those who have advised a change in the ratio have usually suggested that the silver dollar be doubled. If this change were made, it would necessitate the recoinage of 4,000,000,000 of silver Into 12,000,000,000. There would be an Immediate loss of $2,000,000,000 either to Individuals or to the government, but this would lie the least of the Injury. A shrinkage of one-half in the silver money of the world would mean a shrinkage of j one-fourth in the total volume of metallic money. This contraction, by Increasing the value of the dollar, would virtually increase the debts of the world billions of dollars and decrease still more the value of the property of the world as measured by dollars. Besides this Immediate result such a change in the ratio would permanently decrease the annual addition to the world's supply of money, because the annual silver product, when coined Into dollars twice as large, would make only half as many dollars. The gold standard has compelled the American people to pay an ever increasing tribute to tho creditor nations of the world, a tribute which no one dares to defend. I assert that national honor requires the United States to secure justice for all itcitizens as well (is do justice to all itsereil tors. For a people like ours, blessed with natural resources of surpassing richness, to proclaim themselves impotent to frame a financial system suited to their own needs is humiliat ing beyond tho power of language to describe. We cannot enfom respect for our foreign policy so long at we confess ourselves unable to frame our own financial policy. 5, 6. "So Absalom stole the hearts of the men of Israel." There wis not a finer looking man in all Israel (obapterxlv, 85), but perhaps not one with a blacker heart. " Favor is deceitful and beauty Is vain," but "a meek and quiet spirit is In the sight of God of great prioe," and it is the heart, not the outward appearaooa, that God looks upon (Prov. xxxi, 80; I Pet iii, 4; I Sam. xvi, 7). When the king kissed Absalom (xiv, 38), it was the loving klM of a heartbroken father welcoming bis erring son, but these kisses of Absalom were more like the kiss of Judas when ha betrayed his Master, for every one was a stab at his father's heart. There an thoaa. even in this day, both in the church and out of it, who "by good words and fair speeches deceive the hearts of the simple." 7. "Let me go and pay my vow, which X have vowed unto the Lord in Hebron." The margin of the R. V. says probably after 4 years, not 40 years. Bat what a liar he was and how desperately wicked; there was murder in bis heart, and that against his own father, yet be seeks to hide it under a pretense of paying a vow unto the Lord, while all his vows most have been to the devil rather than to the Lord. Hebron was bis birthplaoe, bat it was also the place where the bodies of A braham, Isaac and Jaoob lay burled, and that his wicked heart ooald speak of Hebron, which signifies fellowship and carries us back to faithful Caleb, who followed the Lord fully, shows how hardened 1 do not agree with the secretary that It was wise to follow a bad precedent, but from his answer It will be seen that the fault does not lie with the greenbacks and treasury notes, but rather with the executive officers who havo seen fit to surrender a right which should havo been exercised for the protection of the Interests of the people This executive action has already been made the excuse for tho issue of more than $250,000,000 in bonds, nnd it is Impossible to estimate the amount of 1 Kinds which may hereafter be issued if this policy ls continued. We are told that any attempt upon the part of the government at this time to redeem its obligations in silver would put a premium upon gold, but why should It? The Bank of France exercises the right to redeem all liank paper in either gold or silver, and yet France maintains the parity between gold and Bllver at the ratio of lblA to 1 and retains in circulation more sliver per capita than we do in the United States. Our opponents cannot ignore the fact that gold is now going abroad in spite of all legislation intended to prevent it, and no silver is lieing coined to take its place Not only is gold rjoing abroad now, but it must continue to go abroad as long as the present financial policy is adhered to unless we continue to borrow from across the ocean, and even then wo simply postpone the evil, becauso the amount borrowed, together with Into est upon It, must bo re paid in apprecia ing dollars. Tho American peoplo now owe a largo sum to European creditors, and falling prices havo left a larger and lar(»cr margin between our net national income and our annual interest charge, l horo Js only one way to stop tho increasing flow of gold from our shores, and that Is to stt p falling prices. The restoration of bimetallism will not only stop falling prices, 1 ut will to some extent restore prices by reducing tho world's dertiand for gold. If it is argued that a rise in j rices lessens tho value of tho dollars which we pay to our creditors, I reply that in the hi lancing of equities the American people havo as much right to favor a financial s ystem" which will maintain or restore ] rieos as foreign creditors havo to insist up Dn a financial system that will reduce prit es. Bnt tho interests of society aro far s .pcrior to the interests of either debtors or creditors, and the Interests of society demand a financial system which will add to the volume of the standard money of tho world, and thus restore stability to prices. Now let me ask yon to consider the paramount question of this campaign — the money question. It is scarcely necessary to Our opponents have made a special appeal to those who hold fire and life insurance policies, but these policy holders know that, since the total premiums received exceed the total losses paid, a rising standard must be of more benefit to the companies than to the policy holders. defend the principle of No national party during the entire history of the United States has ever declared against it, and no party in this campaign has had the temerity to oppose it. Three parties— tho Democratic, Populist and Silver parties—have not only declared for bimetallism, but have outlined the specific legislation necessary to restore silver to its ancient position by the side of gold. The Republican platform declares that bimetallism is desirable when it pledges the Republican party to aid in securing it as soon as the assistance of certain foreign nations can be obtained. Those who represented the minority sentiment In the Chicago convention opposed the free coinage of silver by the United States by independent action on the ground that, in their judgment, it "would retard or entirely prevent the establishment of international bimetallism, to which the efforts of tho government should be steadily directed." When they asserted that the efforts of the government should be steadily directed toward the establishment of international bimetallism, they condemned monometallism. The gold standard has been weighed in the balance and found wanting. Take from it the jiowerful support of the money owning and the money changing classes, and it cannot stand for one day in any nation in the world. It was fastened upon the United States without discussion before the people, and its friends have never yet been willing to risk a verdict before the voters upon that issue. 1 Honest differences of opinion have always existed anil ever will exist as to the legislation best calculated to promote the public weal, but when it is seriously asserted that this nation must bow to the dictation of other nations and accept tho policies which they insist upon tho right of self government is assailed, and until that question is settled all other nations are insignificant. Much solicitude has been expressed by our opponents for the depositors in savings banks. They constantly parade before these depositors the advantages of a gold standard, but these appeals will be in vain because savings bank depositors know that under a gold standard there is Increasing danger that they will lorn their deposits because of the inability of the banks to collect their assets, and they still further know that, if the gold standard is to continue indefinitely, they may be compelled It may be further answered that our opponents have suggested no feasible plan for avoiding tho danpere which they fear. The retirement of the greenbacks and treasury notes would not protect the treasury, liecause the same policy which now leads the secretary of the treasury to redeem all government paper in gold, when gold Is demanded, will require the redemption of all silver dollars and silver certificates in gold if the greenbacks and treasury notes are withdrawn from circulation. More than this, if the government should retire Its paper and throw ujntn the hanks tho necessity of furnishing coin redemption, the banks would exercise tho right to furnish either gold or silver—in other words, they would exercise the option, just as the government ought to exercise it no\#. The government must either exercise the rlgl.t to redeem its obligations in silver when silver is moro convenient, or it must retire all the silver and sliver certificates from circulation and leave nothing but gold r.a legal tender money. Aro our opponents willing to outlino a financial system which will carry out their policy to its legitimate conclusion, or will they continue to cloak their designs in ambiguous phrases? Citizens of New York, I liave traveled from tho center of the continent t D the seaboard that I might, in the very I aginnlng of the cam]Daign, bring you greeting from the people cf tho west and south and assure you that their dcslro is not to destroy, but to build up. They invito you to accept the principles of a living faith rather than listen to those who preach tho gos pel of despair ai d ad rise endurance of tho ills you have, 'i'he advocates of free coin age believe that in striving to secure the immediate restoration of bimetallism they are laboring in your behalf as well asir their own behalf. A few of your peoplemay prosper unc'.or present conditions, but the permanent welfare of Now York rests upon the producers of wealth. This city is built upon the commerce of the nation and must suffer if that commerce If impaired. You cannot sell unless the people have money with which to buy, out" they cannot obt- 'n the money with which to buy unless tiieyaro able to sell their products at remunerative prices. Production of wealth p-es before tho exchange o wealth. Those who create must secure ; profit before the v have anything to sliar with others. Youcannot afford to join th money changers in supporting a flnanci policy which, by destroying tho purchc lng power of tho products of toil, mtrt D the end discour:; ;e the creation of \v  I ask, I expect, your co-operation ™ true that a few of your financiers wmil fashion a new .Ipure, a figure represeutiu Columbia, b h inds bound fast with 1-a ters of gold ; her turned toward the east, appeal i. for as.-.i :: o to thoso win live beyond ihc ea, ! .it this figure can never express \ our idea of this nation You will rather turn for inspiration tothC heroic statue which retard:! the entrance t» your city, a. Ptatuo; i : ..tii-.fi * i:i crD;y ct tiou as it is c Jo: s:'.l in proportious. It was the gracious ut c t a sifter republic ant stands upon :v ped stal which was built I; the American people Thc.5 figure, Liberty, enlightening the rid. Is emblematic of the mission of our nation among tho nations of the oarth. With a government which derives itn powers from tho consent of the governed, secures to all the people freedom of conscience, freedom of thought and freedom of epoch, guarantees equal rights to all and promises special priv tfegea to none, tho United States should bo an example in all that is good and the leading spirit i i every movement which has for its object the uplifting of tho human race. A Word to Haw York Citizen*. The peoplo of tho United States would lie injured by a change in the ratio Dot !Dccause they prC idpco silver, but because they own property and owe debts, and they cannot r.fford to thus decrease thC value of t heir property or increase the burden of their debts. Quote* From President Lincoln. I assert that property rights, ns well as the rights of persons, are safe in the hands of the common people. Ahraha; a Lincoln, In his message sent to congress in December, 1861, said, "No men living are more worthy to be trusted than those who toil tip from poverty, none less Inclined to take or touch aught which they have not honestly earned." I repeat his language with unqualified approval and join with him in the warning which he added— namely, "Lot them beware of surrendering a political power which they already possess, and which power, if surrendered, will surely bo used to close the doors of advancement against such us they and to fix new disabilities and burdens upon them till all of liberty shall be lost" Those who dally follow tho Injunction, "In the sweat of thy face shalt thou eat bread." are now, as they ever have been, the bulwark of law and order, tfhe source of our nation's greatness In time of peace and Its surest defenders in timo of war. to -wimaraw tneir deposits in oraer to pay living expenses. Even the holders of fixed Investments, though they gain an advantage from the *pprwiation of tho dollar, certuinly Bee the Injustice of the legislation which gives them this Advantage over those whose lnsomes depend upon tho value of property and products. If tho holders of fixed Investments will not listen to argument* based upon justlco and equity, I appeal to them to consider the interests of posterity, i'e do not live for ourselves alone. Our labor, our self denial and ou'tfnxlous care, all these are for those who aie to come after us as much as fur ourselves, hut we cannot protect our children lieyond the period of our Uvea Let those who aro now reaping advantage from a vicious financial system remember that in tho years to come their own children and their children's children may, through the operation of this samo system, be mado to pay tribute to the descendants of those who are wronged today. It Is only necessary to note the Increasing number of failures In order to know that a gold standard is ruinous to merchants and manufacturers. These business men do not make their profits from tho people from whom they borrow money, but from the people to whom they sell their goods. If the people cannot buy. retailers cannot sell, and, if retailers cannot sell, wholesale merchants and manufacturers must go Into bankruptcy. In sin he had beoome. In 1878 Mr. Carlisle said, "Mankind will lCe fortunate indeed if tho annual production of gold and silver coin shall keep pace with the annual increase of population and industry.'' I repeat this asser tion. ■ All of the gold and silver annually available for coinage, when converted Into coin at the present ratio, will not, in my judgment, more tluin supply our monetary needs. 8. "If the Lord shall bring me again Indeed to Jerusalem, then I will serve the Lord." This, he said, was the tow Which he had made to the Lord while In bia banishment at Geshur. If David believed hla son, as he seems to have done, how oomforted be must have been by this evldenoe of his son's repentance. How little be thought that with such words from bis son's lips the father of lies was In bis heart. Those who hold as a [icrmanent Investment the stock of railroads and of other enterprises (I do not Include those who speculate In stocks or use stock holdings as % means of obtaining an inside advantage In construction contracts) are injured by a gold standard. The rising dollar destroys the eai.nlng power of these enterprises without reducing their liabilities, and, as dividends cannot be paid until salaries and fixed charges have been satisfied, tie stockholders must bear the burden of hard times. The Sherman Act. 9. ' And the king said ante him, Go in peace." Believing hiin to be sincere ha gives him a father's blessing, bat there was no peace in that foul heart covered by so fair an exterior, for "There la no peace, 6aith the Lord to the wicked" (Isa. lvll, 21). Peace was within his reach, as It la within the reach of every one who has ever beard of the Prince of Peace, but it can only become the possession of thoae who are truly penitent and sincerely submit to Him as thoir Saviour and Lord. "The work of righteousness shall be peace, and the effect of righteousneas quietness and assurance forever" (Isa. xxxii, 17). "8oba arose and went to Hebron." Pcrhnps tho most persistent misrepresentation that wo havo to meet Is the oliarge that wo arc advocating the payment of debts In 50 cent dollars. At tho present tlmo and under present laws a silver dollar when melted loses nearly half Its value, but that will not bo true when wo again establish a mint price for silver and leave no surplus silver upon the market to drug down the price of bullion. Under bimetallism silver bullion will be worth as much as silver coin, just as gold bullion is now worth as much as gold coin, and we believe tint a sil ver dollar will be worth as much as a gold dollar." A lteply to Criticism. In supporting tho act of 1890, known ns the Sherman act, Senator Sherman, on June 5 of that year, said: "Under the law of February, 1878, the purchase of $2,000,000 worth of silver bullion a mouth hns by coinage produced annually an average of nearly 13,000,000 per month for a period of 12 years, but this a»iount, in view of the retirement of ti.r bank notes, will not increase our ourrencj in proportion to our increasing population. " There can be no sympathy or co-operation between the advocates of a universal gold standard and the advocates of bimetallism. Between bimetallism, whether independent or international, and the gold standard there is an impassable gulf. Is this quadrennial agitation in favor of international bimetallism conducted in good laith, or do our opponents really desire to maintain the gold standard permanently? Are they willing to confess the superiority of a double standard when joined in by the leading nations of the world, or do they t till insist that gold is the only metal suitable for standard money among civilized nations!1 If they are, in fact, desirous of securing bimetallism, we may expect them to point out the evils of a gold tniMtiiH nnjl defend bimetallism uji »»• wan. ii, on tne other hand, they are bena- Ing their energies toward the permanent establishment of a gold standard under cover of a declaration In favor of International bimetallism, I am justified In suggesting that honest money cannot be ex pec ted at the hands of those who deal dls honestly with the American people. What is the test of honesty in money? It must certainly be found In the purchasing txnver of the dollar. An absolutolf honest dollar would not vary In Its general purrhaslrg power. It would be absolutely • table when measured by average prices. A dollar which increases In purchasing power Is Just as dishonest as a dollar which decreases In purchasing jiower. Professor Lnughlin, now of the University of Cliltago ar.d one of the highest gold standard nuthorlties, In his work on bimetallism not only admits that gold does not remain nbsolutely stable In value, but expressly asserts that "there Is no such thing as a standard of value for future payments, either in gold or silver, which remains alD- •iolutely Invariable." He even suggests that a multiple standard wherein the unit Is "based upon the selling prices of a num tier of articles of general consumption" would be a more just standard than either gold or silver, or both, because "a Jong time contract would thereby t» paid at Its maturity by the same purchasing power as was given in the beginning." Neeeailtr For Bimetallism. There is an actual necessity for bimetallism as well as a theoretical defense o£ it. During the last 23 years legislation hi s been creating an additional demand fC r gold, and this law created demand has r D suited in Increasing the purehasing jiowi r of each ounce of gold. Tho restoration of bimetallism In the United States will take away from gold just so much of its purchasing power as was added to it by ti e demonetization of silver by tho Uniud States. The silver dollar Is now held up to the gold dollar by legal tender laws r.i d not by redemption in gold, bccause the standard sliver dollars are not now redeemable In gold either in law or by ad mlnlstratlve jiolicy. As against the maintenance of a gold standard, either permanently or until other nations can lie united for Its overthrow, the Chicago platform presents a clear and emphatic demand for the immediate restoration of the frco and unlimited coinage of silver and gold at the present legal ratio of 16 to 1 without waiting for the aid or consent of any other nation. We are not asking that a new experiment be tried. We are Insisting upon a return to a financial policy approved by tho exjierienoe of history and supported by all the prominent statesmen of our nation frtrm the days of the first president down to 1873. When we ask that our mints be opened to the free and unlimited coinage of silver into full legal tender money, we aro simply asking tliot the samo mint privileges bo accorded to silver that are now accorded to gold. When we ask that this coinage be at the ratio of 16 to 1, wo simply ask that our gold coins and the standard silver dollar, which, be it remombered, contains the same amount of pure silver as the first silver dollar coined at our mints, retain their present weight and fineness. But I have only read a part of Jackson's utterance. Lot me give you his conclusion, •'But when tho laws undertake to add to those natural und just advantages artificial distinctions, to grant titles, gratuities and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society, the farmers, media nics and tho day laborers, who have neither the t ime nor the means of securing like favors for themselves, have a right to complain of tho injustice of their government" Those who support the Chicago platform indorse all of the quotation from Jackson, the latter part as well as the former part Salaries in business occupations depend upon business conditions, and the gold standard both lessens the amount and threatens the permanency of such salaries. If our present currency is estimated at $1,400,000,000 and our population Is Increasing at the ratio of 8 per cent per annum, it would require $42,000,000 Increased circulation each year to keep pace with the Increase of population, but as the Increase of population is accompanied by a still greater ratio of increase of wealth and business it was thought tliat an immediate increase of circulation might be obtained by larger purchases of silver bullion to an amount sufficient to make good the retirement of bank notes and keep pace with the growth of population. Assuming that $54,000,0u0 a year of additional currency is needed upon this basis, that amount is provided for in this bill by the issuo of treasury notes in exchange for bullion at the market prlcc. Official salaries, except the salaries of those who hold office for life, must, In the long run, be adjusted to tho conditions of those who pay the taxes, and If the present financial policy continues we must expect the contest in the taxpayer and the tax eater to increase in bitterness. Tho oi largo of repudiation comes with poor grace from thoso who aro seeking to add to the weight of existing debts by legislation which makes monoy dearer and who conceal thoir designs against tho general welfare under tho euphonious pretense that they are upholding public credit and national honor. 10. "Absalom relgneth in Hebron." With profession of devotion to God on his lips and bis father's blessing sounding In his ears he goes forth to carry oat hU devilish designs against his father. The proclamation which he caused to be sounded forth was equal to his saying, "I hereby rebel against my father and drive him from bis throne." David so understood it, for he said unto all his servants, ''Arise and let us flee, for we shall not else escape from Absalom," and the servant* said, "Behold thy servants are ready to do whatsoever my lord the king shall ap- Tb« Professional Classes. The professional classes, In the main, derive their support from the producing classes and can only enjoy prosperity when there Is prosperity among those who create wealth. Wo contend that free and unlimited coinage by the United States alone will raise the bullion value of silver to its coinage value, and thus make silver bullion wort h «1 .29 per ouncc In gold throughout the world. This proposition is in keeping wit h natural laws, not in defiance of them. The best known law of commerce Is the law of snpply and demand. Wo recognize this law and build our argument upon it. We apply this law to money when we say that a reduction In the volume of money will raise the purchasing power of the dollar. We also apply the law of supply and demand silver when wo say that a new demand for silver created by law will raise the price of silver bullion. Gold and silver are different from other commodities in that thy are limited in quantity. Corn, wheat, manufactured products, etc., can lie produced almost without limit, provided In answer to the charge that gold will go abroad, It must bo remembered that no gold can leave this country until the owner of tho gold receives something In return for it which ho would rather have. In other words, when gold leavos tho country those who formerly owned it will be lienofltod. Thero is no process by which we can lie compelled to part with our gold against our will, nor is thero any process by which silver can bo forced upon us without our consent. Exchanges are matters of agreement, and if silver eomes to this country under free coinage It will lie at tho Invitation of some one in this country who will give something in exchange for it. Wo are not surprised to find arrayed against us those who ore the beneficiaries of government favoritism. They have read our platform. Nor aro we surprised to learn that wo must In this campaign face tho hostility of those who find a pecuniary advantage In advocating tho doctrine of noninterference when groat aggregations of wealth aro tresjiossing upon the rights of individuals. Wo welcome such opposition. It is tho highest Indorsement which could bo bestowed upon us. We are content to have the co-operation of those who desire to have tho government administered without fear or favor, it is not the wish of the general public that trusts should spring into existence and override the weaker members of society. It Is not the wish of the general public that these trusts should destroy competition and then collect such tax as they will from those who are at their mercy. Nor is it the fault of the general public that tho instrumentalities of government have been so often prostituted to purposes of private gain. Those who stand upon the Chicago platform believe that tho government should not only avoid wrongdoing, but that it should also prevent wrongdoing, and they lielleve that the law should be enforced alike against all enemies of the public wcaL They do not excuse petit larceny, but they declare that grand larceny is equally a crime. They do not defend the occupation of the highwayman who robs the unsuspecting traveler hnt, they IpHikTo among the traiuunessors those who, through the more polite and less hazardous means of legislation, appropriate to their own use the proceeds of the toil of others. The commandment, "Thou shalt not steal," thundi n d from Sinai and reiterated In the legislation of all nations, is no resj ecter of j ersors. It must lie applied to the great e.s well as the small, to the strong ns well as the weak, to the corporate iierson created by law as well as to tho person of flesh and blood created by the Almighty. Xo government Is worthy of the name which Is not able to protect from every arm uplifted for his Id jury the humblest citizen who lives beneath the llag. It follows as a necessary conclusion that vicious legislation must lie remedied by tho people who suffer from the effects of such legislation and not by those who enjoy its ljenefita I have not attempted to describe the effect of the gold standard upon all classes —in fact, I have only had time to mention a few—but each person will he able to apply the principles stated to his own occupation.point" (verses 14, 15). Contrast the con- duct of the king's son with that of his servants and of Ittai the Gittite in verses 1U to 81. If the United States then yeeded more than $12,000,000 annually to keep pace with population and business, it now, with a larger population, needs a still greater annual addition, and the United States is only one nation among many. Our opponents mako no adequate provision for the increasing monetary needs of the world. It must also be rernembored that it is the desire of people generally to convert their earnings into real or personal property. This being true, in considering any temporary advantage which may come from a system under which the dollar rises in Its purchasing power it must not be fon-gotten that the dollar cannot buy more than formerly unless property sells for less than formerly. Hence It will be seen that a large portion of those who may find some pecuniary advantage In a gold standard will discover that their losses exceed their gains. 11. "They went In their simplicity, and they know not anything." This 1* written of the 200 men out of Jerusalem who went with A bsalom. If wo wuuld follow Jesus in this spirit, simply trusting, not knowing nor dosiring anything but His will, what blessed people we would be and what glory He wuuld get through us, but to follow, a leader like Absalom thus blindly is the way to ruin. There are many nowadays who rebel against the word of God and yet have many fcliowors who know nothing 'if God, but w hat they hear from others. 1 liey ure too simple. Theory of Bimetallism. * The theoretical advantagoof the bimetalllo system Is liest stated by a European writer on political economy who suggests the following illustration: A river fed from two sources is more uniform in volume than a river fed from one source, the rooson I icing that when one of the feeders Is swollen tho other may lie low, whereas a river which has but one feeder must rise or fall with that feeder. So in the case of bimetallism. The volume of metallio money receives contributions from both the gold mines and tho silver mines, and therefore varies less, and tho dollar, resting upon two metals, is less changeable In Its purchasing power than the dollar which rests on ono metal only. Those who deny tho ability of the United States to maintain the juirity lietwccn gold and silver at the present legal ratio without foreign aid point to Mexico and assert that the opening of our mints will reduce us to a silver basis and raise gold to a nremluin. It is no reflection unon our sister republic to remind our peopie that the United States is much greater than Mexico in area, in population and in commercial strength. It is absurd to assert that the United States is not able to do anything which Mexico has failed tc accomplish. The ono thing nocessary in order to maintain the parity is to furnish • demand great enough to utilize all the silver which will come to the mints. That Mexico has failed to do this is not proof tliat the United States would also fail In the second place, a change In the ratio Is not necessary. Hostile legislation lias dt •creased the demand for silver and lowered its i rice when measured by gold, while this same hostile legislation, by increasing the demand for gold, has raised the value of gold when measured by other forms of property. Arousing Interest* The Christian Eodeavorers of th6 Melville Presbj terian church, Montreal, are in the habit of sending bundles of good literature to a country minister, who uses them in his itinerant preaching. At one to'.vu the papers aroused so muoh interest tiiat the people were led to come to the services again and again. Now the inter*' ;t in religious things has become go marl ed that a small church has been erected in the town. hey can be sold at a prlco sufficient to stimulate production, but gold and silver are called precious metuls because they are found, not produced. These metals have been the objects of anxious search as faT back as history runs; yet,, according to Mr. Harvey's calculation, all the gold coin ot the world can be melted into a 22 foot etibe and all the silver coin in the world into u 66 foot culic. Because gold and silver are limited, both In the quantity now in hand and in annual production, it follows that legislation can lix the ratio between them. Any purchaser who stands ready to take tho entire supply of uny given article at a certain price can prevent tliaturticle from falling below that price. So the government can fix a price for gold and silver by creating a demand greater than the supply. International bimetallists believe that several nations, by entering Into an agree-, mcnt to coin at a fixed ratio all the gold and sliver presented, can maintain the bullion value of the metals at the mint ratio. When a mint price is thus established, It regulates tho bullion price, liecause any person desiring coin may have the bullion converted into coin at tliat price, and any person desiring bullion can secure it by melting the coin. The only question uiDon which International bimetallists and independent bimetallism differ is. Can the United States by the free and unlimited coinage of silver ut the present legal ratio create a demand for silver which, taken In connection with the de mand already in existence, will bo sufficient to utilize all the silver that will be presented at the mints? They agree in their defense of tho bimetallic principle, and they agree in unalterable opposition to th* gold standsrd International blmetnllists cannot complain that free coinage gives a benefit to the mine owner, because international bimetallism gives to the owner of silver all the advantages offered by it:do It is sometimes asserted by oar opponents that a bank belongs to the debtor class, but this Is not true of any solvent bank. Every statement published by a solvent bank shows that the assets exceed the liabilities—that is to say, while the bank owes a large amount of money to its depositors it not only has enough on hand in money and notes to pay its depositors, but in addition thereto has enough to cover its capital and surplus. When the dollar Is rising in value slowly, a bank may, by making short time loans and taking good security, avoid loss, but when prices are falling rapidly the bank is apt to lose more becauso of bad debts than it can gain by the increase in the purchasing power of its capital and surplus. Id. ' The people increased continually with Absalom." How thoughtlessly the crowd will follow a popular leader. How multitudes turn away from the God of Truth and His dear Son to listen to an Ingorsoll. In all directions and on all side# an Increasing multitude is following the one whom Absalom followed and who would love to destroy Jesus Christ, th» King of kings, and His followers. But the Lamb shall overcome and they who are with Him are called and chosen and faithful. David returned In due time, and so will the Lord Jesus. Let us be pat.innt and faithful. We are told that tho restoration of bimetallism would lie u hardship upon those who have entered Into contracts payable in gold coin, but this is a It will bo easl'-r to obtain tho gold wun which to meet a gold contract, when most of the people can use silver, than itis now, when every one is trying to secure gold. If there arc two kinds of money, the option must rest either with tho debtor or with tho creditor. Assuming that their rights are equal, wo must look at the interests of society in general in order to determine to which side the option should be given. Under tlio bimetallic system gold and silver uro linked together by law at a fixed ratio, and any [icrson or persons owning any quantity of either metal can havo the samo converted into full legal tender money. If the creditor lias the right to choose the n.C I'll in which payment shall be made, it is reasonable to suppose that he will require the editor to pay In the dearer i:k t: 1 if there is any perceptible differem e between the bullion values of tho metals. This l ew demand created for the dean's- metal will make that metal dearer still, while ti e demand lor the cheaper metal will make that metal The Chicago i latforni expressly declares in favor of such legislation as may bo nocessary to prevent for tho future the demonetization of any kind of legal tender money by private contract. Such contracts are objected to on the that they aro against public policy. Na one questions tho right of 1 'gislatures to fix the rate of interest which can bo oollected by law. There Is far more reason for preventing privato individuals from settirv'* usldo legal tender law. Tho money which is by law mado a 1 'gnl tender must, In the coursoof ordinary business, tDoaccepted by ninety-nine out of every hundred persons. Why should the one-hundredth man lie iiermlttod to exempt himself from the general rule? Special contracts have a tendency to lncreaso tho demand for a particular kind of money, and thus force It ttD a premium. 11;.ve not the people « tight to say tliat a comparatively few individuals shall not lDo ]Demiiltted to derange the financial system of tho n itlon in order to collect i* premium in caso they succeed in forcing one 1 Ind of money to u premium? Re-«nforcing Oar Souls. Purchasing Power of the Dollar. No one has lived the inner life without seasons of early passions when the romance of Jesas has captured the soul, Without seasons of later declension when tho greenery of spring grew gray in the city dust It is in such hours of coldness and weariness we ought to re-enforce pur souln with the sacrament of the bread and wine.—Ian Maclaren. It cannot be successfully claimed that monometallism or bimetallism or any other system gives an absolutely just standard of value. Under both monometallism and bimetallism the government fixes the weight and fineness of the dollar, Invests it with legal tender qualities and then opens the mink to its unrestricted coinage, leaving the purchasing power of the dollar to bo determined by the number of dollars. Uiinetalllsm is lietter than monometallism not because it gives us a perfect dollar— that is. a dollar alwolutely unvarying in its general purchasing power—but because it makes a nearer approach to stability, to honesty, to justice, than a gold standard possibly can. Prior to 1873, when there were enough open mints to permit all the gold and silver available for coinage to find entrance into the world's volume of standard money, the United States might have maintained a gold standard with less injury to the people (if this country, but now, when each step toward a universal gold standard enhances tlie purchasing power of gold, depresses prices and transfers to the pockets of the creditor class an unearned increment, the Influence of this great nation must be thrown upon the side of gold unless we are prepared to accept the natural and legitimate consequences of such an act. Any legislation which lessens ,tho world's stock of standard money increases the exchangeable value of the dollar. Therefore the crusade against silver must inevitably raise the purchasing power of money and lower the money value of all other forms of property. 1 tht ing also argued that, since a number of ut ions have demonetized silver, nothin lie done until all of those nations restore btmctullifeix U This Is also illogical. 1 how many or how few n;«t ions have uj cn mints, provided there ure xuflit ieut oi)cn mints to furnish a monetary demand for all the gold uud silver itmau Newbubg, N. Y., Aug. la—Mia Rasenbaum, 65 years of age, wife of a Brooklyn artist, was overcome by the heat and died on tha steamboat Mary Powell near Haverstraw on the way up the rivar. She was aooompanied by her husband and her grandson. They were on their way to Kingston, whither the body wa* taken. Died on a Steamboat. It must be admitted, however, that some bankers oomblne the business of a bond broker with the ordinary banking business, and these may make enough in the negotiation of loans to offset the losses arising In legitimate banking business. As long as human nature remains as it is there will always be danger that, unless restrained by public opinion or legal enactment, those who see a pecuniary profit for themselves in a certain condition may yield to the temptation to bring about that condition. Jefferson hits stated that one of the main duties of government 19 to prevent inen from Injuring one another, and never was that duty more important than it is today. It is not strange tliat those who have made a profit by furnishing gold to the government in the hour of its extremity favor a financial policy which will keep the government dependent upon them. 1 believe, however, that I sjieak the sentiment of the vast majority of the jieople of the United States when I say that a wise financial policy administered in behalf of all the people would make our government Independent of any combination of financiers, foreign or domestic. available tor coinage In reply to the argument that improved mnliiuery has lessoned tho of  iiijt silver, it is Bullicient to say mat the same is true of tho production of gold, and yet, notwithstanding that, ftold has risen in value. As a matter ot fact, the cost of production does not determine the value of the precious metals, except a.s it may affect the supply. If, for instance, the cost of producing gC id should lie rcduced 90 per cent witiiout any inc rease In the out Gentleness is not a separate and dis- Gentleneaa. tinct faculty. It is the method by which strength manifests itself.—Ram's Horn. Mast Flow From Faith. Failure In Bo*toaD cheat er I. If, C3ii tho otl.er hand, the Our strength and ability are owing to faith, and our comfort and joy must flow from faith.—Central Presbyterian. Boston, Aug. IS.—It has juat beoome known that the Neal Morse oompany, debtor c.\C r i-i s the option, it is reasonable to suppose tint in' will jay in the chewier metal if one metal is perceptibly cheaper thai: the other, but the demand thus created lor the cheai.e:* li.etal will raise its dealers in woolens here, assigned last Monday to Charles H. Allen, presldont of the Central National bank; Samuel Wil- treasurer of the Chester Woolea company, »nd Horace C. Allan of this city. No figures are given out. For Christ and the Church. lvhnsiutr power ol an ounce of \v uld not fall. tso long as there is a mow-.:i ry ilC trend suflielont to Utko nt a fixed mint price all the gold antl silver produced t he cost of production need not be considC red. t)j • 1 There are 11 societies of Christian Endeavor in the Grace Baptist temple of Philadelphia, of which Kev. Russell H. Conwell is pastor. The Income Tax Decision. dearer nu u*l will lower its price. In other words, when I lie creditor lias tho option, the metals ore drawn upart, whereas when the debtor 1ms t h«D option the metals am held toget her upproximutely at the ratio fixed bylaw, provided the demand create*) is stifiictent to absorb ull of lxDth metals presented at the mint. Society is therelore interested in liaving the option exerciswl by tho debtor. Indeed there can be no such thing as ri al bimetallism unless the option is C xereiscd by the del)tor. The exerc ise of the option by the debtor compels tho creditor classes, whether domestic or foreign, to exi rt themselves to maintain the parity between goUJ and silver at tie legal ratio, wherens they might find a profit in driving of tho lueuiia to » I# iK« price, wiiil llDSOIDOtl demand for tli6 The Chicago platform has been condemned by some lieeause it dissent9 from an opinion rendered by the supreme court declaring the income tax law unconstitutional. Our critics even go so far as to apply the name anarchist to thoso who stand upon that plank of the platform. It must be reniomlicri'd thnt we expressly recognize the binding force of that decision bo long as it stands as a part of the law of the land. There is in tlie platform no suggestion of an attempt to dispute the authority of the supreme court. The party is •imply pledg. d to use "all the constitutional power which remains after that decision or which may come from Its reversal by tlie court, as It may hereafter be constituted." la there anv disloyalty in that There is another argument to which I ask your. attention. Home of tho more zealous opponents of freo coinage ]Doint t" the fact that 13 months must elapse be tween tho election and tho first regular session of congress and assert that during that time, in casD peoplodeclare themselves in favor of freo coinage, all loans will be withdrawn and all mortgages foreclosed. If these aie merely prophecies Indulged it by those who have forgotten the provisions of the constitution, it will 1» sufficient to; remind them that tho president is ompow ered to convene congress in extraordinary session whenever the publio good requires such action. If in November tho people by their ballots declare themselves in favor of the immediate restoration of bimetal 11am, the system can to Inaugurated with- Nominated For Cong re—. Some keen witted Endeavorers of Union, S. C., during the warm weathei are distributing fans bearing a list ot ohurch and Christian Endeavor services. Newport, Ky., Aug. 13.—The Republican convention of the Sixth diatrtet at this place nominated Richard P. Ernst of Covington for congress by a unanimous vote, in accepting, Air. Ernst laid special stress on the protective tariff feature at the Republican national platform. I'rlrfs of Gold and Silver. it is often objected that the prices of gold and silver cannot l«e fixed in relation to each other lieeause of the variation in the relative production of the metals. Thitargument also overlooks the fact that, it the demand lor both inetnls at a fixed prior is than the supply of both, relative production 1-eeonics immaterial. In the early part of the present century the annual production of silver was worth, at tho coinage ratio, altoufc three times as much as tlio annual production of gold, whereas, soon after 1849, the annual pro tlucUuu of icold became worth about three The Junior Christian Endeavor society in the Philadelphia church of wliicl Rev. 7. R Miller, D. D., is pastor re eently decided to attend church ever? Sunday morning in a body. pendent bimetallism at the same ratio I n ternational bimetallists cannotliceuse the advocates of free silver of being "bullion owners who desire to raise tho value of Thirty-five Hundred Men Mi*. Contraction of the Currency. _ Let me say a word now in regard to certain persons who are pecuniarily benefited by a gold standard, and who favor it not from a desire to trespass upon the rights of others, but because the circumstances which ■pnouid them blind them to the cffect of Lawrence, Mass., Aug. 18.—The Arlington mills, manufacturers of worsted dress goods, line worsted and haraaw oloths, have shut down for a period of weeks. This action will throw 8, BOO hiivtl out of employment. Business rtspreeslea is said to cause the shutdown. their bullion," or'-'debtors who desire t pay their debts in cheap dollars," o So strong was their desire for the inspiration of a Christian Endeavor con vention that four young men of Cliehalis county, Wash., walked 19 miles through a heavy rain in order to be present at the county convention.  Our opponents sometimes admit that It was a mistake to demonetize silver, but insist that we should submit to present conditions rather than return to the bimetallic Brtwn. Ibex•» iaMntw "demagogues who desire to curry favor with the people." They must rest, their opposition upon one ground only—namely, that tlia ninalT af silver aTOiluiila lor oui m- tar e dripping pane 10c. Gknapart^.