Grand Rapids Herald-Review Newspaper, August 15, 1896, Page 1

nd Rapids UeraldRebieww., Vor IV.—No. 51. Granp Rapips, Irasca County, Minn., Sarurpay, Aucust 15, 1896. HrraLtp—Vot. Il, No. 4g SP LL LL LLL LL ELLE PLL Lk dl Ll N N N N N N \ N N N N PT TT Ti Iii ith Le Of Course They Cost a and | O° OO VMOU MTEL, SEHD Pelities the Reason DURING THE NEXT TWO MONTHS THE ITASCA MERCANTILE COMPANY proposes to offer for sale every article in the big store atan AVERAGE REDUCTION of There is no galinsayitg the fact that times are hard, and we propose to sell goods accordingly. This is tae Season They tell us, why bus iness in all lines is extremely dull and discouragingly un- certain. Some have one remedy and some another. the real cause of the present conditions may be, which bottle contains the only genuine cure-all, we will not venture to say, prefering rather to submit so important a question to the great people of this great nation. Under the circumstances, however, there is but one method by which merchandise can be sold for cash, i. e., at the lowest possible figure, and @ wcercert Itasca Mercantile Co. Grand Rapids, Minn. UTM CEA CS MOMMPVUSHM, But whatever LE LLL LLL LL LAL LY yy Lf | j WU PITTI iit tT A Farmer and His Leaky Pails When we see a farmer going of FS ving waterand the water LT ee on ing out from holes in the == See bottoms of his pai always — nds act that = in the those pails, e case of the pants, ™~ £) ~ its the pockets instead of the 5 43,7 bottoms. Do Your Pockets Leak ? ™4 bes - Do you have to buy new pails, * pans, kettles, boilers, dippers, *~S basins, etc., every little while? There’s no sense in it, at all. Pay a few cents nore and get our “Never Leak” galvanized ware. Teat will plu’ up the leak most effectually. z- LITTLE More Than tin, but it lasts s little more, too. However, if you want the tin, we have a very complete stock. W. J. & H. D. POWERS. : Grand Rapids Ladies WMPOCss v PSP LS SY Keep apace with the prevailing styles, and our experience with the trade here has demonstrated that no exception is made to this rule-in the line of Jewelry. belts are worn this season, and to meet the demand and to please every artistic taste, we have a carefully selected stock of Ladies’ Latest Leather Belts, Woven Wire Belts in both Gold and Silver, Dress Sets, Silver Buckles, Belt Pins and Skirt Supporters. They are well worth a careful inspection. Nisbett & Warriner, 0 oO 0 The Jewelers. ; some Reductions, SHOULDER STEAK, iW, ay DOWNS noreiteahe st saint cea wes e ee 5 to 8c POT ROAST, Realizing that the price of Meats in Grand Rapids have never been properly graded we have decided to take the initiative in making some notable reductions, believing that the people will appreciate the liberality thus shown. The reduction of prices which we propose making will not be evened up on by raising the price on other qualities. per pound, per pound, from... 05. e. ie dese s ora 9 to 10c The thrifty housewife will readily understand what this means on the Cable & Libby, ; é MINN. § 6 THE FIXING OF VALUES. THE question is frequently asked: “Why do the free coinage advocates demand that the government shall issue 41244 grains of silver for one dol- lar when it is true that 41214 grains of that metal can now be bought in the market for about 53 cents?” ‘To the man who has done little thinking and less study upon the subject this pro- position appears to be conclusive evidence that the advocates of the double standard are the agents, direct- ly or indirectly, intentionally or-unin- tentionally, of the silver mine owners. They seem to forget that the free coinage of silver would entail a large- ly increased use of that metal in the United States and-would in no meas- ure decrease the amount consumed commercially, in the arts or as money of other nations, and there- fore if the generally accepted theory that supply and demand governs prices, is true, it necessarily follows that the present price of silver bullion could not be sustained. The import- ant fact is also overlooked that the present price of silver is unnaturally controlled. When congress passed a law stipulating that the government should buy a specific amount of silver bullion, and no more, competition in that limited market followed and a consequent reduction in price. The United States produces 74 per cent of the silver of the world, and conse- quently isan exporter of that com- modity. England buys our silver to day at 7o cents per ounce and by virtue of her fiat coins it into money which represents $1.29. The argu- ment frequently presented, viz: That the United States would become the dumping ground for the silver of the world, cannot possibly be well founded unless the entire use of silver by all other governments would be aban- doned. A very httle knowledge and a moment’s consideration will dispel that idea. To entirely abandon the use of silver by any civilized govern- ment would necessitate the employ- ment of some other metal for at least the subsidary coins. Gold cannot be used safely in smaller pieces than that represented in $2.50, and the United States does not venture below $5. Nature has supplied the world with no substitute for silver as a money metal. Silver must also retain its present position and uses in the com- mercial world and in the arts. Science | would bear out the theory that under ancient times. A practical test of| more than two hundred years has demonstrated that the relation of the two metals can be sustained at that ratio. In view of the fact that so much has been said and written upon this subject in recent years, and es- pecially during the past year, it would seem that no man possessed of aver- age intelligence could be ignorant of the fact that it is necessary for govern- ments to decide and to absolutely es- tablish the amount of metal—what- ever it may be—that shall constitute its umt of value as the basis of a medium of exchange. And yet we meet men almost daily—representa- tive businessmen at that—who agree that free coinage might be a “good thing,” but who insist that the govern- ment should coin it at all times in ac- cordance with the commercial value of silver bullion. Gold is coined in fixed quantities at fixed values—that is, the law of the United States says that 25.8 grains of standard gold shall repre- sent the “dollar.” If this were not the plan adopted by one or more of the leading commercial nations the price of gold would fluctuate just as iron or copper or lead varies in the commercial markets today. If the United States should pass a law pro- viding for the free coinage of either gold or silver without fixmg the unit of account, and agree to take all the metal offered at the commer- cial price, the result in a short time would that a few capitalists would have complete control of the world’s output of the metals, and governments and individuals alike would be at their mercy. There certainly would be no danger under these conditions ‘that it would long remain at 53 cents on the dollar. The proposition is too absurd to warrant discussion. The fixing of units of value has been recognized among nations since the earliest dawn of civilization and is a fundamental truth that every school child should child should absorb from the pages of the primer. It was not, however, the until the principal nations of world had demonetized silver that the commercial value thereof reached its present low price, and in all the history yet recorded upon this subject there 1s no evidence to produce which free comage the price of silver would remain as it’ now is, say at a ratio of 30 to x. Frequent changes would fol- low, or silver as money would entire- ly disappear. It would be as much substitute in that direction, The re-establishment of the former ratio of 16 to x would be in keeping with the conclusions arrived at by the most eminent economists of modern aad tization would make a greater de- mand for gold and it would conse- quently enhance in value. * Congressman Towne and Hon. John Lind will open the silver cam- paign in Duluth this evening. There will be a monster parade and we pre- dict such a demonstration as was never before witnessed in the Zenith City. Next week Mr. Towne will visit the Mesabe range, and it is ex- pected that he will be in Grand Rap- ids the week following. From now until the close of the campaign, Mr. Towne will continue his work of edu- cation, and on Nevember 3rd a ver- dict will be rendered in his favor by the people—and it will average about 16 tox. A Towne club organization started here this week already numbers 236 members and signatures are being added daily. * * “ Congressman Lacey of Iowa, a brother-in-law of H. E. Graffam, ar- rived Thursday evening and_ will rec- reate afew dads at Lake Pokegama. It is said that he will deliver a political address at Village hall Mon- day evening, At the same time and place Judge Page Morris, it isrumored, will appear before the footlights and give some Republican reasons why he should be elected to congress in place of Mr. ‘Towne. Congressman Lacey 1s the gentleman who defeated James B, Weaver for a seat m the lower house. He isa man of emi- nent ability, one of the most eloquent public men now engaged in. defense of the single gold standard, and he will doubtless put up the best argu- ment in favor of that heresy that the market affords. The friends of Judge Mornis say that he has no superior as an orator in the west. They say that he is tully the equal of Mr. Towne, both as to eloquence and _ logic. Every silver man in Grand Rapids should attend the meeting Monday evening and hear the other side. In a few days they will have an op- portunity of listening to Mr. Towne. We have no fear of the results. There has taken place no change in the local situation during the past wee, with the exception of one more candidate added to the list of_ aspir- ants for the office of clerk of court. A. B. Clare has been announced as a Republican candidate for that posi- tion and his friends claim that he will have quite a respectable support. Clerk of Court Blaker continues in the lead and promises to carry off the prize at the Republican convention. Only twelve days remain before the holding of the Democratic primaries, and the Republicans and Populists hold their primaries on the 28th and 2gth respectively. As usual, harmony will prevail in the Democratic cauncil, while the Republicans are making great preparations for a magnificent in keeping with reason to demonetize the gold of the world and’ thereafter take advantage of the fall in price of that metal and upon that basis fix it by law at a stipulated value. Remone- fight. Itis claimed by some of the wise ones that the old-time leaders of the local g. o. p. forces will be com- pletely routed, and the aforesaid old- timers claim that they will be strictly in it. A WEDDING OF NOTE. Social Circles Look Forward Pleasantly to the Campbell-Cox Nuptials. The marriage ceremony of Rev. Charles A. Campbell to Miss Alice M. Cox will be performed at the Presbyterian church Wednesday morning at half past seven o’clock Dr. T. H. Cleland, pastor ofthe First Presbyterian church, Duluth. The happy couple have a large circle of friends who wish them the utmost felicity in their future progress. Rev. Mr. Campbell came here a year ago last May and has attended to the ministry of the Presbyterian church in a manner highly satisfactory and beneficial to the best interests of his parish. He is known and respected by all. Miss Cox came here from her school two years ago next November and has been ashining light at the home of her parents, Mr. and Mrs. George Cox and in the social circles of the county capital. She is active and dutiful and a very pleasing member of a highly esteemed family. All ot their friends are invited to attend the wedding ceremony. There will be no cards. Soon after the ceremony the couple will go east on Wednesday morning’s train to take a steamer at Duluth and make a bridal trip to Buf- falo, Toronto and New York. They will be away about a month and ex- pect to be at homeat the Presbyterian parsonage on or about the 25 of September. Passed to Her New Home. * Mrs. Amanda A. Polley; one of the highly respected pioneers of Northern Minnesota, died at her home at St. Cloud Saturday at the age of 63 years and two months. Her seven children are numbered among the most progressive people of the north- west. The are Mrs. L. F. Knox, Mrs. A. P. White and Mr. R. B. Polley, who reside here; Mrs. W. A. Shoemaker and Jessie M. Polley of St. Cloud; Mrs. C. H. Foote of Calis- pell, Vt., and Mr. C. H. Polley of Deadwood, S. D. The relatives from here, including Messrs. L. F. Knox, A. P. White and Mrs. R. B. Polley left on Monday morning’s train and attended the funeral services which were held in the presence of a large number of mourners, at St. Cloud on Tuesday at 5 o’clock:p. m, Held on Suspicion. John Erickson was arrested Tues- day on suspicion of having caused the fire which burned the Deer lake camp where John Graham’s dead body was ‘found last week. Erickson is a settler up there and it has been claimed that he and Graham had words some time ago over the burning of brush near the camp, It remains to be seen what relation this may bear to the recent fire. The examination has been continued ten days and the ac- cnsed is held in the county jail. The name of the Duluth & Winni- peg is being changed to the Duluth, Superior & Western, = a = — ere | +