text: i , . ( HI rN i In ] stiuij i M ilC , ! i I- ; IK t : 10 i lid 'olurOi , IK ' . ill Api .2 , 01 M , f - SoAp Apf. - * ! f. I. T . , IS ilnl < < > , l < S. S.Ap Ap- .IKKi tor "i f d d.ti 5. f ctol ) : . iv ilat , Ju 0 , o dat ' ? , I 0 N Ju .574 i ler . IS ; o i , 1 * . IS stor yloDa Da hntt mltr owl 4 < , m ycli ete Bit n t 1 ni tRU efm me .it t nil /TOO nc not CO t < n i lei nit tl nit dh rk t C it tl if tl licit ! ea'dl \c\l \ n1"1 HI ] me ; ei\ \ Ive null ; 00 lve ( nah IKJ Sir , Ive , nal : lCpl iilj ) 304 OSpi IVpl MM SOai Ive na ! THE OMAHA DAILY BEE ; TJ THSDAY , ATJaiTST 20 , 1890. GREAT SILVER DEBATE- (Continued from Tenth Page.) Made by law, and that wealth cannot be created by government. And I want to reinforce the statement I have already made. One of your most distinguished fellow citizens, Robert in cross, says this concerning money: "You cannot make money by resolving, and you cannot make money by law, any more than you can make it an act of a personal meeting. Lord, Lord, I wish you could. I wish this government could make money. Why does it collect taxes? Why should the sun borrow a candle? Why is a poor man working upon his farm a whole year through rain and shine and storm, day and night, and at the end of the year people come to him and want $125 taxes? If the government can make a thousand-dollar bill in a second, why should it follow up that poor man? I wish the government could make money, and that I could get my share of it. I regret that the Aladdin palace made by the greenback party consisted only of glorified mist. I am sorry that its dome was only a rainbow of hope; I wish it had been a reality. I wish the government could make money out of paper, so that the luxuries of the world would be at America's feet. I wish we could make money out of paper, so that we could put every poor man in a palace. I wish we could make money so that our life would be a continual and perpetual feast. But the trouble is, we cannot. That." This of course referred to the greenback craze. The greenback craze asserts that money is made by the government. The silver galvanized greenback craze does not believe in silver or any other money metal. They would like to make a whole flat dollar, but if they cannot, they are willing to inject 47 cents of fiat into the dollar. They did not carry their silver to the mint, nor did they go at any time so long as the metal in a silver dollar would sell for a dollar. The only way they could be induced to go to the mint with their silver would be when they know that the bullion in a silver dollar is not worth a dollar. Is it not as clear as the noonday sun that just as soon as the government mints shall stamp an unlimited number of silver dollars in which the metal is not salable for one dollar in gold, the demonetization of gold would follow? The experience of this and all other nations is that if you undervalue one metal and overvalue the other, you have demonetized the more valuable metal and sent it out of circulation. It will be just as much out of circulation as if you had passed the strongest edict against it. There is nothing new under the sun. Four or five hundred years back in England they made the same experiment. They changed their ratio at one time and coined 50-cent dollars, or half-pound pounds. They changed the ratio from 1 to 6H in order to enable the king to pay off his debts with debased currency. Here is what a great English historian says in relation to this matter. Vol. G, p. 113, chap. 23, Froude's History of Great Britain: "Meantime, the money theorists, three centuries before their time, distracted him (the Protector, Edward VI.) with their tempting speculations. Why should money cause the dearth? "Men said, "Why should not it be taken as it is proclaimed?" "What if it were copper? What if it were leather?" "Is it not all one, seeing it is for none other use than exchange?" If money was plenty, all things would be plenty; "the greater the abundance of money, the greater the abundance." Of everything. Three parts of the realm out of four were better for the multiplication. And in chap. 27, page 267, William Lane said to Lord Cecil concerning new coin to be issued: "And the like of the mischief happened here in England in the months of June." Nobody that advocates the free and unlimited coinage of silver, unless he is a monumental mental fraud, pretends for a single moment that we are to have silver at its old value as it stood in 1873. They know better. If silver had such value, what benefit would it be to the farmer or anybody outside of the bullion owners who have silver to sell? A VERY DANGEROUS EXPERIMENT. There are a great many selfish men interested in this scheme besides the man with the crown of thorns and cross of gold. Mr. Bryan declared in a public meeting held at Omaha on May 13, 1896, that you could not predict the result of free coinage. He said it was to be an experiment and had to be tried, and nobody could tell the result thereof until it had been tried. What did he say in New York last Wednesday? In New York he reversed himself and declared positively that gold and silver would go back to their old ratio as soon as the mints were open to free coinage, and silver would then be worth $1.29 an ounce. If that should come to pass, the mining stock gamblers and the professional gamblers, who subsist upon the earnings of the hard-working miners, would be the only men to profit one farthing. Any rational person must see that it free coinage will bring silver and gold to a parity at a ratio of 16 to 1 prices would remain just where they are and debts would have to be paid in 100-cent dollars. To be sure, you could take silver to the mint and have it coined, and the bullion owners claim that they would put the coin dollars into circulation. I do not believe they would go to the mint at all. Suppose a farmer had the privilege of going to the mint to get his grain made into flour free of charge; suppose he found that his grain was worth just as much before it was milled as the flour would sell for in the market. Do you think he would carry his grain to the mill? Not at all. He would not get any benefit from free milling unless he wanted flour for his own use. I feel sure the mine owners do not want to consume silver. They do not live on that kind of diet. With silver bullion at $1.29 an ounce there would be no advantage in getting it coined into dollars. Suppose they sell their bullion for money already coined, there would be no more money in the country than if the price of pig iron had gone up $10 a ton. Pig iron is a more valuable product than silver as a factor in increasing the wealth of the nation. There is an abundance of money to buy all the pig iron and there is enough money in the country to buy all the silver that may be mined and offered in the market. The idea that you must manufacture more money to transact the business of the country is fallacious. The way to find out whether there is enough money to do all the business of the country is to find out whether you have to barter your commodities. If you have any grain to sell, or cattle, or any other product of the farm, don't you think you could sell it for cash? Are you obliged to take your farm products to the stores and trade them for groceries, provisions, clothing or hardware because there is not enough money in the country? During the war the country was short of small change; all silver coins had disappeared and the government had made no provision for fractional currency to take its place. The merchants were obliged, therefore, to give up the currency of their own in order to carry on trade, and this currency was circulated until Uncle Sam supplied the deficiency. We do not need that now, do we? We have all the silver we want for change. We have all the gold we want, and all the paper money we need for carrying on any business, providing we have anything of value. To sell. When you restore confidence in the stability of our money system and confidence in the integrity of the people, you will have all the money in circulation that may be needed. I do not care how many billions of silver would go to the mints from the mine owner. The silver would not go into circulation unless somebody had business to do with it, and capital will not venture into any enterprise so long as there is any menace testability of values. What advantage would there be in opening the mints to unlimited free coinage of silver if you drive all the gold out of circulation? Instead of having more money, you would have less. You would take out of circulation $600,000,000 of gold, and it would take all the mints of the United States, running at their full capacity twelve years, to coin silver enough to duplicate the gold. Suppose you double or treble the capacity of the mints, you still will be short for at least two or three years of the volume of money that you now have, and it will take a much larger volume of money to do business with depreciated silver than it will with gold. REAL CAUSE OF DEPRESSION. The ablest minds of the world agree that the depression of business, the hard times through which we have gone the last four or five years, are due to the same causes that have operated to bring about panics and hard times in former years. My friend says there can be no overproduction of anything, not even of baby carriages. Of course, you can always get the babies to supply the carriages, but how about the overproduction of collins? Would he always have the corpses ready for the collins? Like all other fine-spun theories, the underconsumption theory will not stand the test of reason and experience. What then is the cause of the great depression of business? During the past thirty years, the United States have witnessed the construction of 30,000 miles of railway at a cost of not less than $25,000 per mile. These railways represent a capital of $3,000,000,000. During the same period, colossal sums have been expended for the extension of telegraph and telephone lines, in the construction of mills, factories, and street railways, and electric light plants, skyscrapers, and buildings of every description have been erected in our large cities, and thousands of small towns and villages dot the prairies where there was not a hamlet before. The construction of these railways and corporate plants and private buildings brought on a perfect shower of gold. The country was prosperous and everything was booming, speculation went wild, our mines were bonded and stocked for millions and millions and investors abroad were contented by promoters in railway extension and other enterprises. In due time there had to come a slackening down, and then came a reaction. The vast stream of gold which had been pouring across the continent ceased to flow. Hundreds of thousands of men ceased to have employment. Europe commenced to draw on us for the interest on the money we borrowed, and, worst of all, the foreign investors and capitalists found out that they had been outrageously swindled and imposed upon; the securities which they held did not represent, in many instances, one-half of the money actually invested. The collapse of credit naturally followed, but the crisis might have been averted had it not been for tariff tinkering and the uncertainty of our monetary system and the threat that the loans made in gold would be repaid in depreciated silver. A fair sample of the way in which foreign investors were confided may be found in the Omaha water works case. The American Water Works company, organized some fifteen years ago, has supplied our city with Water. It was bonded for $1,000,000 in stocks of $5,000,000, when I introduced it. When I introduced it, I was introduced to one of the directors of the German National bank, and presently invited to a garden party at his country residence. During the entertainment, my host took me inside and asked how about our waterworks. Efficiency and high times. And you feel it. You understand very well that when you stopped building up the city of Chicago with skyscraper and those colossal buildings, they stopped the expenditure of hundreds of millions, a stringency followed, and that is the cause of the present tariff taxes, and it has no more to do with free silver than it has well with the man in the moon. The only other thing that has had any effect whatever on the decline of prices and hard times has been the closing of the great many factories which has happened in the last three or four years by the change of revenue law. ADVANTAGES REAPED BY THE FARMER. You know very well that lands which were worth only $5 an acre a few years ago have gone up to $75. But they cannot keep going up eternally. There must be a limit, beyond which land could not be cultivated without absolute loss, but when you talk about farmers suffering because they want cheap money, there is no truth in it. The farmer can borrow money cheaper now than he ever could, and he could borrow it still cheaper if it were not for the uncertainty regarding our money standard. No man who has money to loan would consider himself safe in making a loan until this matter is settled so he can tell whether he will get the money back that he has loaned. I do not want to call any particular person an agitator, but the agitation of our financial system has caused a cessation of investments and a withdrawal of confidence, and that covers 95 percent of all business transactions. They say that the decline in prices benefits the money lender. Let us see about that. If you borrow $1,000 from Shylock, he has your note and you have the money. If the money depreciates, if it buys more of things than it did when you borrowed it, you can profit by it. What he gets out of it is the interest for the use of it. He simply looks to you to pay him the interest, and when the note is due he wants his pay in the same kind of money you received from him. There is nothing wrong about that. Is there? The money lender never buys anything, no matter how cheap. He does not profit by the rising purchasing power of the dollar; he never uses the dollar to purchase anything with. He simply uses the dollar to breed other dollars for him. The money lenders have suffered more in the last three years than have the farmers or the wage workers. There have been millions and millions lost by investors in bonds and stocks and by banks through bankruptcies and failures of borrowers whose property was not worth the amount of the loan. They have in many cases taken the property, but they would be very glad to give it up if they could only get their money back. After all, we are only going over the path that our fathers have trod. In 1837 every bank in the United States closed its doors, and distress was so general and money so scarce that people had to depend entirely upon their exchanges by barter. That was a time to test the theory whether there is money enough in a country to do business. We would have just such a time again if the free coinage scheme was put into effect. Business would then have to be carried on in a primitive way by barter, because the strain upon the banks, at least for a time, would make it impossible for them to carry on business or supply any of their patrons with the needed money medium or credit. The working man then would have to take his pay in store goods if he could get any work at all and the farmer would have to trade his chickens and his produce to the country storekeeper in exchange for the things his family needs. These are the good old times my friend is anxious to see again. He wants them to return, but I do not think you do. (Applause.) Some of you remember the good old times during and after the war, when everything was stamped from the cradle to the grave. There was a stamp upon every bank check and upon every receipt; every deed and every mortgage. had a stamp upon it; every telegraph message and every express package had a stamp upon it. You had to put a stamp upon every photograph, and you had to pay stamp duty on matches, patent medicines and every consumable thing that people used. These are very hard times, I admit, but I assure you that some of us have seen harder times than these, and you might do something that would bring about still worse times than we have. Mr. Harvey's First Argument He Purifies His Argument that Free Silver Alone Will Benefit Party to the Party of This Country. Mr. Chairman, Ladies and Gentlemen: Before proceeding to answer the gentleman, I want to make one thing plain, and that is, what is to be done. Sixteen to one means the coinage of gold and silver with sixteen gold dollars in weight equivalent to one dollar in silver in weight. Sixteen gold dollars to weigh as much as one silver dollar. That is what is to be done, with the mints of the country open to coin all that comes, so as to supply the people with money made from either metal as it is coined. It does not contemplate an equal quantity of both in circulation at the same time. There may be little of one and much of the other. Gold and silver at the ratio of 16 to 1 is the relative weight of the two metals, with the mints open, and the option of the debtor to pay for either metal at the ratio of 1 to 1. Silver is worth as much as gold for all practical purposes. Demonstrate both of the metals and silver pounds of silver is worth as much as one pound of gold, and more, for all purposes outside of money. You can fashion silver into useful articles, and make sixteen pounds of it more valuable to mankind than you can one pound of gold. The two metals are alike chemically in all respects except in specific gravity and in hardness. They are both odorless, stainless. Neither will rust or corrode. Both possess the same qualities chemically that make them valuable as precious metals. The difference, and only difference, is this: The specific gravity of gold is the greater of the two. The same bulk in gold weighs more, and there is this difference: That silver is harder than gold. Gold is so Soft that a coin made from it and carried in your pocket will, in the course of a single year, fall below the rate of tolerance, and will be discounted at the bank where you may attempt to deposit it. The gentleman challenges my statement as to the commercial parity of the two metals prior to 1873. He says that they were not at an equal commercial parity. I said that myself. I said that there was a slight fluctuation within 3 percent, as the debtor shifted the option from gold to silver or from silver to gold, as the case might be. There was a slight fluctuation; and that fluctuation was the elasticity that of metallic system gave to the currency based upon it. Here is what was true: When gold was the cheapest, people paid their debts their foreign debts with silver. And when silver was the cheapest, we used gold to pay our foreign debts, and used the silver at home. So that when silver was at a premium of 2 to 3 percent, we used gold among ourselves, and paid our debts to Europe with silver, at 2 to 3 percent premium, instead of paying them as now with silver at 50 percent discount. It is a fallacy on which the changes have been rung throughout this country that it was necessary to maintain the two metals at an exact commercial parity with the legal ratio. A substantial parity is all that is necessary. Here is the effect: With silver a little cheaper within 3 percent, as that fluctuation was, we used silver and it was just as good money as gold, and we sent our gold abroad, and vice versa. The use of silver, when 2 to 3 percent cheaper than gold, does not run the gold out of circulation to Europe, as if it was running like water down hill, and without compensation to us. If the balance of trade with Europe is against us in settlement with money, we settle it first with our products, and secondly with gold or silver, and if silver is at a premium we send them silver because we get more for it. Under bimetallism we settle that balance with Europe with the metal that will bring us most, and not because we are gains to give it to them because there is another metal here a little cheaper. That is the only thing that runs it out of circulation; and in running it out of circulation we are discharging a debt to Europe when we are in debt to them. If we are in debt to them we must settle it with one or the other. As it is now we have to ship them gold, and with that gold going we have a scarcity of primary money among us. If we are not in debt to Europe or foreign countries, and our silver is at a premium of 2 or 3 percent we sell it to them and they pay us for it in gold. And when a dollar in silver leaves this country, under conditions that there is no balance of settlement against us, and 2 or 3 cents in gold is returned to us for it. And it is a great mistake to say that because one of the two metals is worth 2 or 3 percent more than the other that. It is a detriment, and runs our money out of circulation. Under bimetallism, if one goes, we have the other. Under monometallism, if one goes, we have nothing left but bonds to issue to Europe to borrow that metal back with. Applause, and cries of "Good, good." The reason Jefferson stopped the coinage of silver dollars was because silver was scarce in this country and the demand by the people increased so, and the demand of the bankers was that there should be more fractional silver coined to supply the demand for 50-cent pieces and pieces of smaller denominations. Jefferson did not close the mints to silver. He simply instead of turning out 50, 25, and 10-cent pieces. And he did it as president and citizen of the republic because silver was scarce and to supply the people with the same as gold. And the fact that he accommodated the people by coining silver into fractional instead of into dollars is no excuse for money any one to try to use as an argument why silver was stopped or the coinage of silver dollars was stopped at the mints. It has no application to the principle that we are discussing. He says that the ratios from time to time were changed. He does not contradict my statement that the commercial parity was substantially maintained at the legal ratio, but he says that the ratios were changed from time to time, and as the ratios were changed so the commercial parity followed, but why were the ratios changed? It was in order to make more money instead of less money. From the foundation of this government to 1673 the ratio was changed twice, and in each instance the silver dollar was held intact at the exact quality and fineness of pure silver that was put into it by Washington and Jefferson. It was gold that was changed and was cut down in size. The change of ratio made more money in stead of less money, and it was made, not because of fluctuation in the gold standard. commercial ratio of the two metals as an Interference with the bimetallic system, but it was made because it would bring them closer together and preserve our fractional silver in the country, which was needed as a practical matter. Ho says that my calculation of all the gold in the world available for use as money is wrong, at twenty-two cubic feet. To show whether I am in earnest and sincere, I will bank this financial question on that statement on the correctness of it. He may read a letter from one of the instruments of that machine at Washington, but I appeal to, and it is to the integrity of the American people, of the schools of this country and Kay's arithmetic that I submit this calculation. Applause. We agree that there is $1,000,000,000 worth of gold in the world by the English count and $4,000,000,000 by the French method of counting, available for use as money. Take $20 or $10 gold pieces and make the calculation. I made it before giving it to the world. In the Metropolitan National Bank in Chicago in the presence of the cashier. And when you make this calculation, deduct one-tenth for alloy, and if you have enough of them to stack them up as I did two years ago, and it was a strain on the bank to let me have enough to do it (laughter), stack them up a foot high and see how many go into that foot high and a foot each way, make a computation of the space between the coins, take out one-tenth for alloy, and you will come inside of the twenty-two feet, and have enough space left to box it up with two-inch plank. (Applause.) And by the same method of calculation, you will find as to silver the correctness of my statement. And I relegate this question to the intelligence of this people and to their boys that are now going to school. Ho says that with the falling prices that corn did not fall in value. For a long time, the demand for corn was a surprise to the people of this country, the demand for corn multiplied two or threefold. They commenced using it in the breweries. They commenced using it for glucose and from that into candy, until the demand for corn multiplied threefold. It is consciously it slipped up on the people and held up its value until they got onto it and where is corn now? (Applause.) DEDGES. He says that my statement as to the debts is not true; that the people of this country are not in debt but a small, a fractional part of what I stated. We will settle that matter right here. By the United States census bulletin of 1890, our national debt was $301,000,000. The state and municipal debt was $1,135,000,000. I leave off the odd dollars. By Poore's Manual, the railway bonds in 1890, as confirmed by the United States census bulletin, amounted to $3,463,000,000. Mr. Walto, a member of the census bureau, in an article in the North American Review in 1891, says the average farm and home debt is $11,288 per farm and $28 per home, and that the total is $1,000,000,000. Mr. Walto of the census bureau estimated from partial returns of the census bulletin in 1895. You know it takes three or four years after the census is taken to get all the statistics in. He says the mortgage indebtedness on business realty, street railways, manufacturing, and business enterprises, estimated from partial returns of the eleventh census, was $5,000,000,000 in the United States. Loans from 3,775 national banks, $2,153,000,000. Loans from 3,579 state savings, private banks, and trust companies, according to the same statistical abstract, $2,201,000,000. Up to this point, we have $19,000,000,000 as shown by the census bulletins of 1890. Mr. Walto, proceeding with the report of the United States census, says that the increase of the indebtedness in the whole country from 1890 to 1890 on the Items thus far given is from $3,750,000,000 in 1890 to $519,000,000,000 in 1890, and that... With the same average proportion kept up from 1890 to the date of his report 1893, there should be $5,000,000,000 added to the $19,000,000,000 for the five years ending since 1890. Add to $3,000,000,000 for which we have the authority of this census statistician, we have thus far $27,000,000,000 in 1895. Don't say our debts are not increasing, with the bond machinery in operation at Washington increasing our debt semi-annually. (Applause.) With the bonds of our cities and towns and school bonds being hawked in the markets of the world. Chicago has had to send her last bonds to London, and as they are transferable bonds on their face, she had to send express messengers and policemen along with them to London to get money on them. (Applause.) Maritime debts estimated at $1,000,000,000. Other debts, judgments, taxes, miscellaneous items of indebtedness not covered in any of the foregoing estimates $4,000,000,000, making a total of $40,346,000,000. (Applause.) It is conceded that of these debts over five billions are in the hands of foreign money lenders. It would be safer to estimate at ten billions, but it is placed at five. On one occasion I met a committee from the New York Chamber of Commerce. They represented the other side of the question. And they put this question to me: You estimate we owe to Europe $230,000,000 annually, payable in gold interest? And since it is a fact, said Mr. Robinson of the New York Chamber of Commerce, that the banking houses of New York City, who represent the foreign houses, estimate the gold interest annually due from the people of the United States to Europe is only $110,000,000. How do you get your other $110,000,000? I said to Mr. Robinson, "Thank you for driving a lack there." One hundred and forty millions is conceded. We produce in this country $40,000,000 gold, annually only. They get that in payment of the $110,000,000, and that leaves $100,000,000 more we owe them in gold annually on interest. How do we pay it? By sending them our gold reserve in this country. In time it will all go, and finally we have reached a point where in order to pay them that gold interest we have, got to borrow it back. (Applause.) So that in order to free America from the debts the Europeans hold against us you have got to raise the prices back to that honest standard fixed by Jefferson and Washington and Jackson and Lincoln. (Applause.) And when you have raised the prices you can pay that debt. You can pay it in another way. And the only remedy this gentleman offers is to keep on borrowing until we become like the man who is addicted to drinking whisky, who has to drink more to keep alive, and with whom it is only a question of time until he dies a drunkard's death. (Applause.) More of HIM Opinions Kicking and Elegant Information Denominations! The Irreconcilable, Kite of Stubborn Feats. Mr. Rosewater was greeted with tremendous applause as he stepped on the stage and proceeded as follows: I consider it highly creditable to the gentleman that he stands by himself, but I do think he ought to have stood by himself all the way through rather than to stand by himself only when the figures are in his own favor. (Applause.) He has just read to you the figures that were given by him in the floor debate, where he had scraped the face of the earth and the skies all around in order to make calamity appear so appalling and dreadful as to horrify everybody in the United States. There are some people so saturated with that love of the misery of others that they like constantly to harp upon it, lament about the bad conditions they see, but never see anything good in the government or in the people. He quotes from that book, but failed to quote the flat contradiction to the reason given by him why Jefferson ordered the coinage of silver dollars discontinued. He knows if he would go into that book he would find the absolute facts contradicting him as squarely as anything could. What is the people's money? The small change is the people's money. When they discontinued the coinage of the silver dollar in 1805, they demonstrated it. When they dropped the free and unlimited coinage of silver coins smaller than the dollar in 1833, and limited their legal tender quality to 3, they deprived silver of its debt-paying power. In the face of these indisputable facts, Mr. Harvey is trying to make all these people believe that free coinage existed up to 1873. There was free coinage of the fractional silver coins, which were of equal weight and fineness with the silver dollar, at the ratio of 1 to 1, up to 1853. But in that year a coinage charge of one-half of 1 percent was levied against gold and silver, and that charge continued to be exacted until 1873, twenty years later, but we have never heard anything about that crime. (Applause.) And so about Mr. Harvey's figures. This figures are the most ingenious imposture anybody has ever dared to attempt upon the people. He does not know that any debts have been paid off since 1890. He does not know, either, that the withdrawal of vast sums of money out of the banks cancelled the debts charged against the banks and restored it to its former owners largely the common people. He actually counts the $54,000,000,000 deposited in American banks as part of the general debt of the country, when in fact it is a part of its wealth. He tells you that the gold of the United States is all in the vaults of Wall Street and the banks, but he does not remember that only three months ago, when a call was made for a $ 100,000,000-bond loan, $600,000,000 In gold were offered to the government, and two-thirds of that sum was from the people, and not from the bankers; from the people of the United States and not from the foreign money loaners. We know that millions of gold are now laid away in safety deposits. In cupboards, and hidden in stockings, because the owners are in hopes that for every $10 gold piece they will get $11, $12, or even possibly $20, at no distant day. This is what has caused the present money stringency. He tells you that silver should be coined at 16 to 1, whatever may be its commercial value. He says silver is so much more useful and easier to handle than gold. Why don't he advocate the coinage of aluminum? We are living in a progressive age. It would be profitable to coin aluminum. That metal is lighter than silver. It is harder, more easily handled, and it does not corrode; therefore it would be very convenient for popular use as small change. It only costs 33 cents a pound. Why should not the men who own aluminum have the same rights as those who own silver to go to the mints and have their metal coined at the ratio of 16 to 1 of gold? We are assured that all the silver men ask is that silver be placed on an equal footing with gold. We will presently see whether the mine owners, for whom he seems to be the chief champion, really mean what they say. They say that every gold dollar is a 200-cent dollar. I wonder if they would take half a gold dollar's 11 2-3 grains of gold for a silver dollar of standard weight. 37 1/2 grains. If a silver dollar is, as they say, a 100-cent dollar, that would give them a hundred cents in gold for a hundred cents in silver. Let us do it and we will all share the plunder. (Laughter.) We will scale the debts all along the line and the people will all share alike in reducing the 200-cent dollar to a 10-cent dollar. But no. This proposition would be spurned by the silver millionaires and mining stock gamblers. (Applause.) There is no mining town that is a center of mining activity that is not also a center of gambling. From San Francisco to Denver and Cripple Creek every servant girl and even the school teachers are all affected with the gambling mania. They constantly drop their surplus earnings in the mining stock gambling. Talk about silver being struck down by foul conspiracy! We have done for silver everything that any could do. We have favored the silver national government mine men just as far as we could with safety to the nation. We have coined nearly $500,000,000 in silver since 1879. Let me now read you something from a man on whose word you can pin your faith more safely than upon the author of "Coin's School of Finance." I speak of Jaraca A. Garfield. (Applause.) A bill was pending before the house of representatives on July 25, 1876, authorizing the minting of an additional amount of subsidiary coinage, and the following amendment was proposed by Mr. Lauders: "And be it further provided, that the secretary of the treasury is directed to authorize the coinage of the United States mints and the coinage of the United States mints." Yours from nature must not remove the KINCHY VICTOR! CURE! With the marvelous fattening that have humbled the martyrs from Germany. The testimonials have published in the papers from members of all branches of the medical faculty, particularly those from the medical faculty, it simply proves this. We also call particular attention to the following extract from the editorial of the American Journal on the origin of health, which appeared in the June issue of that journal: "Frank H. V. M., M.D., the originator and proprietor of the Fidelity Insurance Cure, was a regular practitioner for a quarter of a century when he originated this cure, which is ultimately a cure, causing no pain and discomfort. Any concern the Fidelity Insurance Cure to our readers and prove that the results of the treatment will be satisfactory. We would advise especial stress upon the fact that in 1851, after death, where all hope has been relinquished, the Fidelity treatment resulted in a permanent cure. The number of sufferers from hernia is scarcely computable. Throughout the country, the country may be found its victims who are suffering." On without here, for they cannot be cured by the old methods of treatment. Humanity dictates that a remedy which has received recognition from every honest inventor should be availed of. There is no doubt whatever regarding the efficacy of the Fidelity treatment. We are willing to rest the practice issued in twenty-three years of medical journalism upon the assertion that it is an infallible specific for hemorrhoids. It is worse than folly to ignore this one hope that is offered to the victims of this painful and terrible disease. The only place in Omaha or Council Bluffs where the Fidelity treatment is administered 