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McHenry Plaindealer (McHenry, IL), 9 Sep 1896, p. 9

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SUPPLEMENT TO THE Mclieiiry PiaindeaSer. WEDNESDAY, SEPTEMBER 0, 1890. PERKINS OS SILVER. The Only Eli Tells the Hollow Tale of Free Silver. HE SIZES UP THE SITUATION. Good Reasons Advanced for Being ; Von the Side of ' • . Gold.,- • • ' •; "Are you In favor of both silver and gold?" asked a Populist of Eli Perkins. "Certainly," said Eli, "every civilized nation uses the two metals--gold and silver--but the United States is the only nation that has coined as much silver as gold. We have Keen rank bimetal- lists. We have stood by silver too long. We have coined 8625.300,000 worth of silver and .$626,600,000 worth of gold," "What have the other great nations coined?" asked the Populist. "Why. they have coined less than half as much as we have. England (the United Kingdom) has coined and has on hand $112,000,000 worth of silver and $550,000,000 in cold: France has $403,- 200.000 in silver and $825,000,000 in gold; Germany has only $215,000,000 in silver and $625,000,000 in sold: Russia has only $48,000,000 in silver and $455,- 000.000 in gold." "Then we have coined about as much silver as all of them together?" "Not quite. These four great nations, -with--a-pepulation of 249.000.000 people, have on hand $876,000,000 in silver, while we, with ({9,000,000 people, have $625,000,000 in silver." "Where is your silver now?" asked the Populist; , "Why. $50S,000.000 lies piled up in the treasury. It is rusting in the vaults, paying no interest, and dropping in value. Carlisle is beggin.tr the people to take it. freight free, lint he can only get $56,000,000 in circulation. The people won't have it. They sling it back to the hanks, ' and then the free silver men jump up and cry, 'We want more silver!' They say, 'The poor people are dying for silver. Coin more!' "And how much of our golfl is m" cir­ culation?" "Why, every solitary dollai-- $626,000.- 000 worth of it. The banks only hold $128,000,000." tag TALKED TO VETERANS. Survivors of the Twenty-third. Ohio Regiment Journey in a Body to Canton. M'KINLEY AND HIS COMRADES. AND LABOR WILL AGREE WITH HIM. don't sa-^-the~na(ion has no gold' at all?" "No gold of our own. We borrowed $200,000,000 from a few Americans at 3 per cent, and spent that running the government--and we've got to pay it back. Then Cleveland borrowed $00,- 000.000 more from the Rothschilds and the English at 4 per cent., while our®own people were (Tying for it at 3 per cent., and that we've got to return in gold. To tell you the honest truth, this nation has got just $90,000,000 worth of bor­ rowed gold in the treasury. It isn't ours. It is borrowed to prevent a run on the treasury, with $100,000,000 in gold due the people besides. Oh. if we had bought gold when we coined that $508,000,000 worth of silver now lying idle in the treasury, as England. France, Germany and Russia did, we would be on top today. We wouldn't be the laughing stock of Europe then." "Did England and tin1 other nations stop coining silver?" asked the Ponu- list. "Of course they did. They rang the bell and put out the red light against silver years ago. Since 1890 England has coined $1-10.000,000 in gold and only. $14,000,000 in silver: Franf-e has coined $13,000,000 in gold and not a cent of sil­ ver, and Germany has coined $49,000,- 000 in gold and only $4,500,000 in silver. They have been hugging the shore, while our miners and Populists have piloted us into deep water." "How much silver Is there for each person in the big nations?" "We have $9 in silver for each person in this country, but the people only take TO cents. They kick $8 hack into the treasury. England has $2.88 per person, Germany has $4.35 and France $12. but $9 of it lies idle and all silyer coinage is stopped, and their red lantern hangs out." ".Some nations have free inage," sug­ gested the Populist. "Certainly--and look at their condi­ tion! They are bankrupt. Our silver dollar is still worth 100 cents in gold anywhere on earth. But in the free coin­ age nations, like Mexico, Japan, China and India, where free coinage has bank­ rupted those nations their dollars are worth-50 cents. They have no gold. Gold fled with free coinage. It will do so again." "China has no gold at all von sav?" "None at all. China lias $750,-000.000 worth of 50-cent silver, but no gold- India lias $150,000,000 in silver, and no gold; Spain, wrecked by - too free coin- 1 , s rP , 2 f . ,RiiVPr- has $100,000,000 in silver and $40,000,000 in gold, and Mexico has $o0.000,000 in silver and $5,000,000 in gold. "How much money to the person cir­ culates in those free coinage countries - '" .asked the Populist * "China has $3.26. while the United iS?#8 l l ! ' sT$-•">: A I exi£,1 has ? r»: India $o.3o, and Japan $4. This is poverty for W ho suffers from free coinage there?" R . "Everyone. Every man has lost half his wealth. A man in Japan. Mexico, China or India who was worth $1000 thirty years ago is worth $500 today. Pile pay of the laborer has not been changed, but a man who gets 10 cents a day in China, Japan or Iiadia really gets 5. "When 1 went to China." continued c^ r l\ i n s ' Vn iy kn t c r o f fT0( l i r "filed tor 8'>OvO in American-dollars When I got there I found $10,300 to my credit in Mexican or Japanese dollars Now who has ever lost anything by the Aiio>-- ican dollar? Not a man. It is .., s good as gold Our good government has nut gold under it. But free coinage would bieak the camel s back. "It would bring us to the level oi Mexico and India " "What would be the first result of free coinagei "All gold would hide away. Then we are now exporting annually $10 000 000 worth of commercial silver and' sel 'lin- enough to make a dollar for 50 cents' That is 32 to .1. The free silveXs want their silver coined like our coined silver. 16 to 3. and handed back to them With the government paying a double value for silver exportation w&uld cease and the government would pay the min­ ers $80,000,000 for what they, are now soiling for $40,000,000. • Then the output would increase. We •mined $82,000,000 worth of silver in 1892. " In 1896 we would mine $200,000,000. with, the price dou­ bled. We would have to take it and up "I believe it is a good deal better to open up the mills of the United States to the labor of America than to open thejmints of the United States to the silver of the world."--I I'm. McKinky. [Chicago Iivter-Ocefin.] guarantee it legal tender with gold un­ der it. It would take $400,000,000 to do this--16 to 1. Can we do it?" "How about Mexican and India sil­ ver?" asked the Populist. "Ah, that would come to us like a deluge! We have no tariff against sil- vcr.. It would pour in upon us; Ir iOO,- 000,000 people would unload on 70,000.- 000. There has been mined during the last 400 years $10,000.000,000 worth of silver. The world mined $20!>.105.00(1 worth of 50-cent silver last year. Tins would come rushing in upon us. We would be the dumping ground of the world. We could not coin it, and when we stopped our guarantee all our coined silver would fall back from 10 to 1 to 32 to 1. We Would have the 50-cent dollars of China and Japan, with no gold in our treasury, and be the laughing stock of the world." . ' 'Well-, who would be benefit.ed by free coinage?" asked the Populist. "Well, no one but the mine owners, There are 8000 of them. Their work­ men are paid in silver, paper or gold dollars worth KM) cents in gold. The mine--owner--is--working--for--srh-or- BRYAN CHEAP DOLLAR Eis Hole Aim is to Reduce -the Value of the Monetary Standard. dollar, he says, that has brought down all this alleged calamity upon us. Nobody but the mine owner would be benefited if silver should go up from OS to 320 cents per ounce, and we can hardly suppose that Mr. Bryan is run­ ning this silver crusade for the sole and BASES HIS ARGUMENTS ON IT worth 53 cents. The farmer is getting money as good as. gold for his wheat and cotton now, -With free silver he could get no more for his produce nor no better money than he is getting. And. by and by, if we went on coining silver ad libitum, silver would go down like the old greenbacks in 180.'i. That went down to o5 cents on a dollar, while gold stood still. You could buy wheat then for $2.50 in greenbacks or 85 cents in gold. You could buy a farm in 1803 for $00 an acre in greenbacks or $20 in gold. Do you want that to occur again?" The Populist was silent. "Poor Mini's Money." Among the transparencies carried by the shouters for Bryan at IVs Moines Friday evening were some bearing the words, "Silver is the poor man's money," "Vote for the poor man's money" and "A 200-eent dollar is a' dishonest dollar." Such ' sentences show the drift of the public mind and reveal only too plainly that with many people the silver ̂ ques­ tion is one of prejudice rather than one of reason. What is the meaning of the phrase. "Silver is the poor man's mon­ ey?" We doubt very much if the man who carried that transparency could, have given an intelligent answer. Under present conditions a silver dollar of the United States will buy just as much-at home or abroad as a gold dollar. It makes no difference, to the workingman whether he receives his weekly, wages in gold or silver coin. The amount of goods he can purchase is the same. Un­ til the agitation of the siLverites drove the gold of the country into hiding places workmen were often paid in gold and when this silver craze is squelched they will again receive gold as a part of their wages. There is one way. however, in which silver can be said to be the poor man's money. In those countries where the coinage of silver is unrestricted the wage- earners are emphatically poor. A list of those countries is printed in another column this morning and the wages paid to skilled and unskilled laborers given. As was shown by the w ell-authenticated let­ ters from Mexico published in the Re­ publican on Friday and Saturday the price of the necessaries of life in these countries is double the price paid in the United States. Is this "the poor man's money" that the wage-earners of the United States are to vote for? Are they willing to sink to the level of the Mexi­ can peon or the coolie of India? If so the way to^do it is to vote for the free and unlimited coinage of Wlver. If a free coinage law such as is contemplated by the silverites be passed, one of two things must happen. Either the silver of the entire world must IK* lifted to a parity with gold or the silver dollar of the United States must sink to the level of Mexico and other silver countries. In that case the wages of the working- man will be cut in two and he will in­ deed have cause to talk of "poor man's money." Why should not the laborer continue to be paid in good money?--Cedar Rap­ ids Republican. "Who Control Silver Mines? "POPS Wall street own or control any of all the si lver mines of this country? If so, what is her object in being so st i l l about i t?"--H. J., Dresden. Kan. You seem to think Wall street is a woman.' We doubt if the majority of the Populists who talk so glibly about "Wall street" know what it is. The United States subtreasury in New York is on Wall street: so are a number of banks and brokers' offices. When prop­ erly used "Wall street" is simply a gen­ eral name for the dealers in New York in stocks, bonds and other securities. The silver mines are owned by cor­ porations-; and their stock is dealt in by "New York brokers, the same as other stocks. "Wall street" is not keeping still about it. The fellows who are keeping still are the great silver barons, who are pushing free coinage, and spend­ ing money like water to make it 'win. They don't want the voters to know that free coinage'at 16 to 1 would, by putting the country 0.11 a silver basis, make the value of the dollar\ depend on the market price of silver bullion, which they, by. speculation, could run up or down, and really put the entire money of the country at their mercy.-- Toledo Blade. Ciaptrap by Which the Orator Seeks to Capture Foolish Voters. Mr. Bryan's "informal" speech accept­ ing the nomination for the presidency Txrlusive bnTcffi~ora~nanutui ot inillion- aire mine owners. His whole argument is for cheaper dollars if it has any sense or point at all. He entices farmers to-join in the cru­ sade by suggesting that they can pay their debts easier with cheap dollars. He is like the unjust steward who said to the debtor who owed his lord a hun­ dred measures of oil, "take thy bill and si* down quickly and write fifty." He tells the wage-earners that it would be a good thing for them to get their pay in cheaper dollars and that in some roundabout way cheaper dollars would give them steadier employment. ' He tells the holders of insurance poli­ cies that it would be a blessed thing for them to have their losses paid in-cheaper dollars, because the companies would lose more than they (the policyholders) was carefully written beforehand, and it took about two hours' time to deliver it. It can hardly be necessary, therefore, to wait for his "formal letter" in order to learn his views on the issues of the cam­ paign.. The most of his long and prosv speech in devoted to what he calls "the para­ mount question of the campaign--the money question." And as this is in fact the real issue other parts of his speech may be disregarded, or at least comment on them may be postponed. In discussing the money question Mr. Bryan assumes at every step that the standard dollar we now have is too valu­ able. That 'assumption lies at the bot­ tom of the whole argument. He com­ plains that the dollar is too dear, and that it is growing dearer: and to this he attributes all our economic woes, real or imaginary. As :i remedy he proposes something which lie calls bimetallism but which, so far from that, is silver monometal­ lism. He has much to say about bimetallism, declaring that no party opposes it. but what he really proposes is. in his own words, "the immediate restoration of the. free and unlimited coinage of silver and gold at the present legal ratio of 10 to 1 without waiting for the aid or con­ sent of any other nation." Thas is to say. ho proposes to permit anyone who has sixteen ounces of sil­ ver to take it to the mint and have it made into as many dollars as are made from one ounce of gold, or $20.07. He proposes this when he knows, or may know by referring to the published quotations, that sixteen ounces of sil­ ver are worth only $11 ill gold. lie must know that an ounce of gold is worth in the market nearly twice six­ teen ounces ofvdlver. What lie ready proposes, therefore, is to substitute the silver dollar for the gold dollar as our standard, and to make the substitution because the silver dol­ lar is cheaper. Indeed, he virtually admits this at al­ most every step in his labored argument. All his arguments addressed to farmers, to men who work for wages, to holders of insurance policies ami so on virtually admit that lie proposes to substitute a cheaper dollar as the standard. He tries to conceal the admission -by talking about a "rising standard." aiid talking about "influences which are now operating to destroy silver in the United States." But while the attempt is adroit it will not succeed. We have no "rising standard." We have the same standard that we have had in all coin payments for sixiy-two years. An ounce of gold may exchange for more of commodities in general than it would twenty or thirty years ago. It may, and probably does, go farther in paying the necessary cost of liviiur. But it will not go further in paying for labor. Its value measured by the labor stand­ ard is less than it was years ago. A. man can earn more of it by working the same number of hours. If. then, lie can buy more with the ounce of gold he is better off in two ways: He gets more gold for his labor and he gets .more of the necessaries and comforts of life lor his gold. There are no "influences operating to destroy, silver in the United States." We now have at least ten times as much silver serving as money, including actual coin, its representative certificates and Sherman notes, as we ever had o'hen the coinage of,silver was free. There are no influences operating to destroy one dollar of this mass .of silver, amounting to about $550,000,000, or about $50,000,000 more than gold esti­ mated to be in circulation. The simple truth is, and there is no use in trying to disguise or"hide it. that Bryan and the men behind him are en­ gaged in a desperate attempt to lower the value of the dollar. If that is not what they arc after there is not a gleam of sense in Mr. Bryan's speech. It is true that he says, "We believe that a silver • dollar will be worth as much as a gold dollar." It is true that he says. "I am firmly convinced that by openifig our mints to free and unlimited coinage at the present ratio we can create a demand-for silver that will keep the price of silver bullion at $1.29 per ounce measured by gold." But ii Mr. Bryan is firrply convinced of that,, what is he making all this ado about? The dollar would still be as dear as it is now, and it is the dear t-nrtrttfd. the aggregate of premiums ex^ ! ceeding the aggregate of losses, and the j premiums being paid in cheaper dollars, ! He tells?, the depositors in savings | hanks that it would be a nice tiling for them to draw out cheaper dollars than they put in because if they don't they may not be able to draw out anything. : or they may find it necessary to draw out all their money to meet living ex­ penses. By such puerilities he seeks to induce ! people to'swallow the free silver pill. But we observe one strange oversight. Mr. Bryan did not explain how cheaper dollars would benefit pensioners. He might have told them that they could more than make up their loss by dead- beating their landlords and butchers and grocers. But lie lost his opportunity. 1 Perhaps he will attend to that iu his "formal letter." i \ \ hen it comes to that he may think ; it best to make it a little clearer, if he can, how workingmen, policy holders, de­ pos i tors in-savings banks and investors i in building and loan associations would be benefited by getting their pay in dol­ lars worth anywhere from 10 to 50 per cent, less than the dollars they are now getting, or the dollars they deposited, in­ vested or paid in oretniunis. Tlieit is ground remaining to be cov­ ered in that "formal letter," though the "informal" speech was two hours long.-- Chicago Chronicle (Deim). The Ma] or Makes a Speech Which Rouses the Old Soldiers to Enthusiasm. Two hundred of Maj. McKinley's old comrades in war called, at his home -on August 12. They came froiii Cleveland principally, but many of them from dis­ tant points. They were survivors qf the Twenty-third Ohio . Volunteer' infantry. The regiment was,. 'famed-/for--its war -record, the number of its liard-fpught battles,, including Smith Mountain, A ii- fietain and Gen. Sheridan's liiany, liat- tles hj the Shenandoah valley in '64: for the number of its killed and wounded, and also for, its great men noted in war and civil life. • . Of the field officers only two survive-- Gen. William S. Rosecratis of Sati Fran­ cisco and Gen. Russell Hastings of the Bermuda islands. The scene to'ay was a touching one. Mrs. McKinley sat in the hallway near the porch, from which ilie major re­ sponded to the eloquent greeting given him by Ciapt. John S. Ellen, mayor of Willonghby. The old soldieVs cheered and the old flag waved >vith every burst of applause. Capt. Ellen iold of Wil­ liam McKinley as a private soldier, say­ ing in part: Comrade: We have assembled here today from all parts of the union and from many vocations in life to congratu­ late you. our comrade in arms, on your nomination as a candidate for the Presi­ dent of the -United States. I remember that Co. E had one member, very youth­ ful in appearance, so much so that Capt. Robinson of the Fifth infantry made -some--inquiry as--to age and--consent--of parents.. Eager for the Fray. The answers of the recruit were so prompt and so decisive and his desire so very modest, and asking to he en­ rolled as a private, that the officer with­ out further hesitation administered the oath and William McKinley, Jr., at the age of 17. was made a full-fledged pri­ vate soldier in tlft> Union army. (Great applause and three cheers for McKin­ ley.) Then away to the hills and mountains of West Virginia, where we fought and skirmished the summer away, meeting and defeating Confederate Gen. Floyd at Cariufax Ferry, September 10. 1861. In recognition of your bravery, ef­ ficiency and fidelity to duty, you were, in April. 1862, appointed to the commis­ sioned staff-commisaary-sergeatrt T h^'v remember in 1864, after his dreadful wound, we did not suppose we would hare him with us again--we have with us today that bra ve soldier comrade, Col. Russell B. Hastings. [Applause.] I was glad to note in tliw eloquent speech of my comrade, ( 'ant.. Ellen, that the bid Twenty-third Ohio stands' in 1896 "~ as it stood in 1861, for the country and the country's flag. ' [Great applause and cries "For McKinley. too.'- '] Nobody could have doubted that, knowing the metal" from which this old regiment was made. My comrades, you are just, as loyal to co tin try now as yon were loyal to country then, and as you stood from 1801 to 1865 for the preservation of the government of the 'United States, you stand today just as unitedly for the honor of the government and the preservation of its credit and currency. [Cheers.] iVotcctiun'aiftfJibitiMl Money. I do not .know what you think about it, but i believe that it is a good deal better to. open up the.mills of the Unit- . . od States'(o the labor .-of America than to open up, the mints of the United States to the silver of the %-orld. [Great cheering and cries of "You are right."] . - Washington told us oyer and over again '.t&at there . was .nothing so> ifnportant t«Fpreserve as the1 nafio'iVs.••honor..."^3Ke said that the most important source of . . . strength was the public credit, and that - ' the' best method of preserving it. was to 1 rise it as sparingly as possible. No. gov­ ernment can get. on without it and pre­ serve its honor. No government is great 'enough to get on without it. In the darkest days of the revolution. Robert Morris, its financier, went, to one of his friends in Philadelphia after he had in­ volved himself as a debtor for a large sum or money on account of the gov­ ernment and said to him: "I must have If1 . .500,000 for the continental army." Ilis friend said: "What security can you give. Robert?"' He answered: "My name and my honor." Quick came the reply: "Robert, thou shalt have it." !Applause.I And from that hour until now the country's honor has been our sheet anchor i:i every storm. Lincoln pledged it. when, in time , of war. we issued paper money. lie said: "Every dollar of that money shall be made as good as sold." And it was left to Rutherford B. Ilayes, your old colonel, as President of the United States, to ex­ ecute the promise in the resumption of spocio payments in 1870. | Cheering and applause.] When 'Robert Morris said -t-bnt they had nothing tojgfv+> htit flick Ilieh ami the Poor. Here now comes up this thoroughly un-American question of the rich against, the poor. Some criticism is already lev­ eled at this movement because those en­ gaged in it are representatives of proper­ ty in their respective localities. It is characterized .as the rich man's move­ ment. Property is. banding together to carry its ends, and those ends are inimi­ cal to the wage-earner and the farmer. This simply is criminal nonsense. There is not. the slightest warrant in reason for any such statement. The paramount is­ sue of the campaign is a business issue. It relates to the very life blood of busi­ ness--whether that blood shall be puri­ fied and kept pure, or vitiated and im­ poverished. Surely that proposition reaches and interests everybody. And another point. What authority is there for the assumption that in moviug in his own interests the business man is mov­ ing against the interests of other men? Under a free government all interests are allied. The business man cannot prosper if the wage-earner and the farm­ er do not. If is impossible. If the crops fail and the mines and factories are idle, so that the farmer and the wage-earner have no money, how can the merchant. ; or the banker, or the manufacturer* thrive? Where is business to come from? On the other hand, if times are good and confidence prevails, all feel the benefits alike. .Not till in equal degree of course. That could not be. That never has been. That never will be. But to the extent of their stake in the game, when the winnings tire large, the farmer and the wage-earner get their share along with the business man.--Washington ' Star. Japan and Mexico. "If si lver is such an abominable curse why are .Tapan and Mexico booniiua with prosperity?"---J. K.. Amber. Micli , - No /me says that silver Is an "abominable curse." The project of go­ ing to the silver standard is one which would bring on an era of panic and financial disaster: but to say this project is bad is not to say silver is a "curse." Try to apply reason to the subject, not prejudice and emotion. The question is a plain one of business and only common sense is needed to settle it rightly. Ypu say Japan and Mexico are ^boom­ ing with prosperity." How do you know this?' Prosperity, is an extremely relative term. In both countries the wages of the working class arc sp low that an American workingman would deem them starvation wages. Ho .could not live. Mexico is far more prosperous than she has been for many years, but it is because, under President Diaz, there has been peace. The country has not been the scene of chronic revolution, as it was up to a few years ago. Wages are very low. and manufacturing is profitable. Japan is just adopting the use of machinery in manufactures, "ami is yet far behind lis in eyerything.--- Toledo Blade. of us present whom you theli served arc ready. to bear testimony to the very marked improvement and regularity of service in this one branch of military life. If from any cause the coming of the supply trains were delayed and ra­ tions were short. "Mack" did the next best thing and made a requisition on the country round about. At a later day your gallantry and fidelity secured your promotion and assignment to duty on the general staff. But whatever the dis­ tinction or disparity in rank you always retained close touch with the boys who were your first associates in army life. hi conclusion let me say that the spirit of 1801 is not dormant: that, as we went shoulder to shoulder in the defense of our country, so now with willing hands and united voices we stand for our coun­ try's honor and "for our country's ting. Thirty-five years ago you stood with your comrades as a private soldier in the great army which was contending for national life and national union. Today you are the chosen leader, not.of a mere party, but of the peoale. contending for law and order, national honor and the in­ violability of the public faith. Your old comrades are with you now as then. We stand shoulder to shoulder now as then. Wo rally about you and the glori­ ous banner you now carry with our old love and loyalty, and declare with you that "the money of our country must be as sound as the I'uion and as untar­ nished as its flag." With an abiding faith in the virtue, intelligence, honor anil discriminating judgment of the American people, we again congratulate you and bid yon Godspeed. (Great, ap­ plause and cheering.) Happy IJeply of Mr. IVIcKiiiley. When a storm of applause had sub- .sided Maj. McKinley responded: Capt. Ellen and My Comrades <>f the Twenty-third Ohio: This call of the-sur­ viving, members of the old regiment with which I served for more than • four "years at my home is a most gracious act on their part, and brings to me peculiar an special gratification. As I look upon this little body of men assembled about me, and remember that this is but the remnant of the old Twenty-third that, thirty-five years ago, had 101O sturdy young men on- its roll ready for duty, and that it was twice recruited to, the total number of nearly 2200" that here is gathered possibly less than 100. and that is one-fourth of the surviving mem­ bers of our glorious old regiment, 1 am vividly reminded how rapidly the >ears are passing, a;.< 1 with them are pissing our old associates of the war. The sur­ vivors are scattered through twenty- four states of the union. Some of our members arc in the territories. One of them resides on the other side .jf the water. But wherever they are, and in whatever vocation they may be engaged, they all love the Old regimental organiza­ tion which is the proudest thing to them on earth. (Applause.] We had a great reginientl great in its field officers: great in the character of the rank and tile that constituted it. Our hearts go out with tenderness and love. I am sure, to tlie first colonel of our regiment. Gen.' William S. Rosecr.ins. to his distant home in California. |Great applause.] We all remember his splendid .disci­ pline and gentle qualities, and we rem an- her with what pride we marched under his command in West Virginia in 1801. Tribute to Scaiuuiun. And we remember, too, that ether regular army officer, that .splendid sol­ dier. Gen. E.. P. Scamnion--[cheers]-- not the most popular man in the lpgi- ment in its earlier days, for we thought lift discipline very severe and his drill very hard, but after the battle of South Mountain. Gen. Scammoii was the most popular man in the regiment.- [Great ap­ plause.] We knew then for the first time what his discipline meant and what strength it gave to us on the battlefield. Nor can we assemble here as we have today without recalling the third colonel of thf' Twenty-third Ohio, who „was long­ est with us. Rutherford B.. Hayes. [Great cheering.] lie was beloved by every man of the ̂ regiment, and no bra ver colonel ever lea his soldiers to battle. Nor Stan­ ley Matthews, the first lieutenant-colonel of the regiment--the great-soldier and la wyer. [Applause.] Nor can we forget Comloy, glorious old Comley. [Cheers and cries of "Nor Mrs." Hayes."] Nor Mrs. Hayes, the faithful friend of the. regiment; and we have with us today., and we'are all glad to see him, for I honor there was behind IT word 3,000.- 000 of struggling patriots. Today behind the nation's lienor are 70.000,000 of free men, who mean to ,kee.p this government and its honor and integrity and credit unquestioned. [Great applause.] I thank you, my comrades, for this call. Nothing has given me greater pleasure. Nothing gives me greater pride than to have been a private soldier -with yon in that great Civil war. [Ap­ plause.1 1 bid you welcome to my home. You already have my heart; you have had i! for more than thirty years. [Great clioering.l It will give Mrs. McKinley and myself much pleasure, I assure you, to have you come into our home. [Ap­ plause and three cheers for McKinley.] THE WISE KANSANS. How They Sought to Increase Their Wealth by Legislative Enactment. F. A. Still well has prepared a leaflet purporting to give a history of certain events occuring near the close of the Nineteenth century. It was declared to be a period of 'depression, during which it occurred to the wise men of Kansas that they could legislate themselves into affiucncc. The g.Pernor assembled the wise ji;\ ' :i and sa; 1: A Kansas policy for Kansas is the need of the hour. Wheat is hard to raise, and the yield is light and uncer­ t a in : l in t we a re g rea t on corn . M a k e ye, therefore, a law in accordance with which sovereign and august statute corn shall be put upon a par with wheat. They shall be interchangeable, and the price of corn shall be the same as the price of wheat. The wise men passed the law as the governor had advised and all the. people of the state, rejoiced, for their cribs were full of corn. They could hardly contiiin themselves till the governor had signed the bill which raised the price of Kansas corn from 15 cents to-45 cents a bushel. All the people now l'olt rich. They bought many luxuries and the most of them went in debt. Then the fanners from other states began hauling their corn to Kansas. It seemed as if the coun­ try was all corn and it was all headed for Kansas. The people of Kansas took their medicine--that is, they took the corn and gave up their wheat. The farmers from the other states thought Kansas people were queer, but they kept bringing them their corn. Corn came in and wheat went out. When the other states saw this .vast accumulation, the price of corn began to decline till it could bo purchased any­ where except in Kansas for 10 cents a bushel. In Kansas the price was still 45 cents, which was the price of wheat, but- there were no buyers. When fhe autumn came the Kansas people did not have any wheat for seed. Then they sent to the. neighboring states and im­ plored farmers to exchange wheat at a parity with corn. But the farmers said: "We will exchange one bushel of wheat for four and one-half bushels of corn." "Our law." replied the Kansas people, "puts corn and wheat at a parity. They are equal, for our wise men said they should be." And the farmers replied: "Your wise men are asses; let them eat your corn." So the Kansans went back home and all their people were in de­ spair. Then the governor again assembled the wise men and said to them. "Most consummate, picturesque and glittering goll 'darned fools. There is but one bigger fool than yourselves. It is he who addresses you. "Wo thought we could bluff the ever­ lasting law of supply and demand with our statute. We thought we could leg­ islate value into a thing and make our people rich by a law. We thought we were patriotic. We were idiotic. Let us honestly acknowledge our as- siniuity. repeal our fool law. get back into line with the other states and imag­ ine no more that we are wiser than the whole world-. Do this, and may we live long enough to know that the • other states have ceased laughing at out', folly and that our own state has ceased curs­ ing ITS for it." Then the wise men repealed the law. but it WM^many years before the peo­ ple recovered from the effects of the corn scare. Questions lor Wage-Earners. History teaches that in all cases where the cost of living has suddenly increased as a result of depreciated money wages lnu'c invariably been the last to respond to such conditions. Does anybody be­ lieve that with 53-cent. dollars as the sole money of redemption the wages of the 850.000 railway employes would be doubled? Would the salaries of the 750,000 school teachers be doubled? Would the wages of the 0.000,000 woin- en and children who work in factories W doubled? Certainly not.--Galveston News. • ^ To William «J. Bryan. You shall not prod the sides of labor with goads of silver. You shall not im­ pale the laborer's wife upon the prongs of high cost'and low wage.--Waterbury. American. '

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