Grand Rapids Herald-Review Newspaper, July 31, 1897, Page 4

By E. C. KILEY. ®WQ DOLLARS A YEAR IN ADVANCE Bix Months......61.004 Pheee Montiis........60¢ Entered in the postomee af Gtand Rapids Minnesota. as secoud-class matter. teeny ‘The new tatiff is at work. Hist, now, and that prosperity will-o'-the- wisp will be exhibited in its shadowy putline. And now it’s Clays Blixt, the cruel jpurderer of poor Katherine Ging, who asks tobe pardoned. Ye gods, who will it be next} They worship wooden gods in many parts of Alaska; in the other parts they worship Mammon, The infer- ence ig plain—take your choice. The people of Minneapolis hold their noses when it is suggested that a banquet be tendered John Goodnow upon his retyrn to Minneapolis. W.R. Merriam’s political aspira- tions made him a financial wreck. Dave Clough’s aspirations in the same direction have made of the Republi- gan party in this state a political wreck. The secret’s out at last, McKinley is an enthusiastic admirer of the na- tional game and appointed Goodnow as consul to the land of the big chick- ‘ens as a reward for his work as a base ball magnate. Now that the peddlers’ license in the rural districts has been declared dinconstitutional by the supreme court, the country folks may expecta return of the itinerant merchant and his “bargajns.”” 5 SS It gives the Republican organs the shakes every time Mr. Bryan makes a public address. They say he’s dead. Is.it the spirit that causes this fear and trembling? Surely, a guilty con- science makes cowards of them all. pA aie a Eee Two thousand graves in the Klon- dyke gold region shows the price men pay for their deadly chase after gold. Ninety-nine out of a hundred who go into that aretic circle region would be better off on an Itasca county homestead. The United States senate turned down President McKinley’s interna- tional bimetallic conference scheme. 'Phe American house of lords is no- torious for its record in clogging legis- lation, and their action in this mat- ter causes little surprise. The Virginia Enterprise man will please have a care how he associates the editor of the Herald-Review with the erstwhile Magnet Moose. There are some things we will not tolerate, one of which is the printing of our “name in the same line with that of the ex-Magnet imbecile. SESS ess Congress has adjourned without even recognizing with a passing nod the issue of the late campaigns ‘The present congress was especially relect- ed to pass some measure Or ‘adopt, some policy calculated to amend ‘the present currency. But we have the satisfaction of knowing that there will be other congresses. Pingree, the man from Michigan, sent cold shivers chasing each other up and down the Republican spinal column the ptherday by his attck on the tariff. And, too, just when the yellow streaks thought they had him landed high and dry on the party dock. Slippery, independent fellow, that Pingree of potato patch fame. The Itasea county fair this year should surpass its great predecessors. 'The display on accoyntof the great crops should be on a larger scale than ever before, Ap this time there are pumpkins and potatoes and other pro- ducts that are being cared for with great solicjtude, and when the exhibit is made there wil] be a stopg demand for blue ribbon. There is po indycement to settle so alluring to the landseeker a3 good roads. No money spentin a county biings as good returns as that expend- edin the byilding of roads. Jtasca county is makinga strong endeavor to thread her vast domain with a net- work of first-class highways, and in a few years a wonderfyl change will be noticeable. The Herald-Review believes in preaching the gospel of good roads. McKinley's ignorance of organized jabor and the class of people who yoake up the rank and file of the great industrial armies of this coyntry is shown 16 his appointment of T. VY. Powderly as commissioner general of immigration. Powderly has been known for years as a traitor to the in- terests of the laboring classes, and be 3 no more the friend of labor than is Mark Hanng. Such<appvintments, however, will ripen into McKinley flestruction. : Tre Barnum Gazette in last week’s issue effuses and gushes and bubbles over in a way that is truly alarming. The spasm was brought on by the editor’s travelling through a little towa on the Duluth road where a bevy of schoolma’ams were attending training school. And Barnum, itself, suggests the circus that writer had when the paper circulated at horre. Ex-Receiver Macdonald of the St. Cloud land office accepts the ap- pointment of his contemporary editor in the following manner: “Alvah Eastman, editor of the Journal! Press, has been appointed receiver of the United States land office at this place, to succeed the editor of the Times. We congratulate him upon his suc- cess. He was our candidate from the first. We teel modestly endorsed—as well as scooped.” Says Hon. Chas. A. Towne concern- ing the retirement of President An- drews of Brown univerity by the gold- bug directors of that institution: “The enforced resignation of Presi- dent Andrews is another sign of the gravely significant fact that the gold standard and its cognate influences, having taken possession of the phys- ical assets of the country, are moving towards absolutism in the realm of the educational and formative forces that build up public opinion, and in the end maintain the institutions. They intend to plunder the producers of the world. It has been done be- fore in human history, though never on the scale of these modern days nor with the same certainty, dispatch and safety. Allover this country today are bright men in the service of the educational institutions who bear about them truths they dare not teach. The friends of liberty ought to put their mites together and fight this money power to the bitter end.” TARIFF AND GOLD STANDARD. ‘The inconsistency of the puticy, or rather lack of policy, adhered to by the Republican party, is admirably set forth in S. M. Owen’s paper, Farm, Stock and Home. The following brief editorial is taken from a late is- sue: ‘‘As soon as the new tariffis in operation the government will be run- ning under two great and antagonis- tic systems, one a high-tariff, the uni- ally conceded object of which is higher prices, and the other the gold standard, the universally confessed effect of which is lower prices! How this acid-and-alkali sort of a combina- tion will work in practice it is hard to tell, but doubtless it will cause a deal of turbulent cffervescing. No one will, of course, deny that a higher tariff is to result in higher prices, in higher wages, its promoters say; but higher wages are impossible without higher prices for Jabor’s products. High wages and lew prices conjointly are as impossible as bright sunshine and total darkness at the same time. That the gold standard makes for lower prices has not only been proven by experience, but that effect was both conceded and defended by the advocates of the gold standard during the last campaign and since. It was asserted with tiresome and nauseat- ing iteration that the best possible estate of a people is realized when their supplies can be bought for the smallest sums of money; yet as soon as they were installed in power they did nothing but frame and enact a measure to make the prices of sup- plies higher. There was a time when such things would be called incon- sistent, if not idiotic; but now they are called statesmanship!” MONEY SUPPLY AND VALUES. It is instructive to note the specu- lations of the public journals- of the country which .are unalterably op- posed to silver coinage regarding the probable effect on business of the Al- askan gold tinds, provided they should result in considerably increasing the world’s supply of the yellow metal. With no exception that we have no- ticed, these take the ground that the Alaskan gold discoveries will, if they turn out to be of an extent and _rich- ness in keeping with the reports now reaching us from that region, have marked interest for the better on business by increasing the supply of money and thereby stimulating en- verprise, raising prices, (in other words, increasing values), advancing the wages of labor, and in many other respects accomplishing the very things that the advocates of silver coinage have been claiming the free admission of silver to the mints would bring about. ‘The champions of silver coinage have been insisting that the great first cause of the stagnation of busi- ness in late years has been the inad- equacy of the supply of money. Their contention has been that there is not gold enough available to meet the world’s need for coined money to serve as the basis for an ample sup- ply of credit money. This the de- fenders of the gold standard have de- nied vehemently, maintaining that there is gold enough for a]] the needs of trade, and that with a single stan- dard there will be a stabjlity pf val- ues and steadiness of trade that can-| not be enjoyed un‘lera double stan- dard.) 3 But if values are affected by a heavy production of gold, as the gold standard organs admit in considering the probable effect of the output of the Alaskan gold fields on business, it affected by a light production of that metal. If an increased production enhances values and thus gives life to trade, adiminished production will inevitably have the contrary effect. That is, it will cause values to shrink, wages to fall, trade to languish, and will create the very conditions which have existed in this country for sev- eral years past. If the business barometer goes up or down as production of gold rises or falls, where is the stability of values and steadiness of trade that we are assured can only be had under the gold standard? Is it not true that if an increased production of gold will give increased lifeand movement to business the cause of the business stagnation which has prevailed may be held to be the inadequacy of the present sup- ply of that metal to meet the world’s demand for standard coined money? And if that be true does it not fol- low that the fundamental principle of the movement for a restoration of the double standard is sound and un- assailable? But if the gold supply is enhanced from any source sufficiently to tem- porarily relieve the monetary strin- gency the people will be very willing to let the question of silver coinage rest until the exigencies of a business situation such as that from which the country has suffered latterly will again bring it the front. All we want now is improvement in business and lots of it.—Marquette Mining Journal. M’KINLEY BLUNDERED, The President’s Currency Commission Mes- sage Displeases Republican Leaders. For the first time since McKinley’s inauguration there has occurred a ser- ious breach with Senator Hanna, says a New York Journal telegram. The cause for disagreement was the president’s stubborn persistency in sending in the currency commission message after he had been warned against this course by a number of Republicans in the senate and house, and after he had been requested by Mr. Hanna to withold such a message until next session. All those who advised the president against sending in the message be- fore the end of the extra session real- ized the awkward position it would place the Republicans in and knew that there could be no good reason for such a purpose. Several prominent Republicans called upon President McKinley and explained to him the diffi- culties that lay in the way of the con- sideration of a currency message at this session, and Mr. Hanna com- municated his desiresin the matter in a fashion not to be misunderstood. That night it was understood by all on the inside in regard to the admin- istration that the message would be witheld. Several members of the senate, who had consulted Mr. Hanna on the mat- ter, were informed that the president would take no action with regard to the currency message until the regu- lar session. The president took the bull by the horns, however, later in the week, and, against the warnings of friends and the wishes of Mr. Hanna sent the message to congress. The result was exactly as antici- pated. The house rushed drawn in accordance with the message through that body, but the senate stubbornly refused to act in any fashion, except to acknowledge - the receipt of the message. The Democrats promptly proceeded to put the Republicans “‘in the hole” by offering to remain and discuss the question vf a currency commission, thereby forcing the Republicans to acknowledge that they did not intend to act upon the matter this session. It was an awkward predicament for the Republicans, and realizing that Mr. McKinley had developed the sit- uation against the advice and wishes of the leaders of the party, they felt anything but kindy toward him. A number of Republican’ senators who were seen by the New York Jour-. val representatives Saturday night expressed themselves in harsh terms, but declined to make any statements for publication. All conceded that Mr. McKinley had gravely embar- rassed the party by his course. Mr. Hanna was enraged at the ac- tion of the president, and in conse- “quence there is a decided coolness be- tween the president and his political manager. It is the first serious breach that has occurred,eand it is also the first evidence of independ- ence on the part of Mr. McKinley. In this «case, however, Mr. Hanna is backed by all his colleagues on the Republican side of the senate.—Min- neapolis Times, Sees METS: follows logically that they will also be j. the measure, |. Low Fare Excursions via D. S. S. & A. Railway. All rail via §. Ste Marie and North Bay..... Via S. Ste Marie, C. P. steamers and Owen Sound.. - 23.50 Via St. Ignace and M.C. R. R. 23.90 Via St. Ignace, Detroit & Cleve- land steamers and Detroit.... 22.10 On sale July 1210 14 inclusive. Re- turn limit July 26, with extension un- til August 15 by depositing ticket with agent of terminal line at Toron- to before July 25. T. H. LARKE, Com’! Agent, 426 Spalding House Block, Duluth Minn. Rainy Lake Gold Fields via Port Ar- thur and Rat Portage. The route to Rainy Lake and Seine River is now open via Port Arthur and Rat Portage. Steamers leave Duluth four times a week. Rate from Duluth to Rainy Lake City, Seine City and Mine Centre,$11.00. For fur- ther information and tickets, apply to T. H. Larke, Commercial Agent, 426 Spalding House Block, Duluth. Route BEST LINE ST. PAUL AND MINNEAPOLIS TO ST.LOUIS. 24 pages Five cents Che Only Free Silver eeartoon Paper - $1.00 .50 ONE YEAR - TEN NUMBERS SUBSCRIBE AT ONCE Address UP-TO-DATE, Chicage Mention this paper. The “DOMESTIC” Is absolutely the best Sewing Machine made. Leads in latest and best improvements , SIMPLEe PRACTICAL «DURABLE For over 30 years has been endorsed by the public as the most satisfactory of all sewing machines. We want your trade and can save you money. Write for free catalogue and prices. THE DOMESTIC S. M. C0. 298 Wabash Ave., Chicago. Clothing and Furnishing Goods. Dry Goods, Boots and Shoes. Groceries and Crockery. . . . mK GENERAL MERCHANDISE AND LUMBERMEN’S SUPPLIES. . OK bis adh a7 bias Pha Largely increased store room in- creases our capacity for doing business. We always carry a complete line of the best quality of goods in all departments... . . PVR als er FPS PRICES THE LOWEST. BETTER CIGARS ARE MADE THAN THE .. - N Pokegama Boquet “Cup Defender Manufactured in Grand Rapids By tttt GEORGE BOOTH. Ce FA he for either of th an excellent smo stock used. brands and you will get @,- None but the. finest Bi=.c° For the above sum Broeker & Whiteaker are making as fine a suit as can be had in any city in the country for the money. Or, if you want something better, they can show you the finest line of samples ever brought into the county. Atany rate, give thema call before placing your order. They guarantee every garment they turn out in every way. BROEKER & WHITEAKER, Grand Rapids, Minn. one Oe ate A NF ea ae ae ate ete he ae ate ae ate eae eae a ae a a a a ea a ee a a ea ae eee ae tea cia ats cacti sine ta as ean alata 73 eae ae Se S e' ae sete a2 2 Security Mutual # Sie : ae ee +7 ae 3s seat s f s - 37 # Life Association # sete ae ee ao ek ae ete 3 ae ot Binghamton, New York. = Incorporated under the Laws of the State of ge i New York, Nov. 6, 1886 = 28 ss January 1 1896. Hy Insurance in Force, = = - -$20,137,350.00 ‘+4 Paid Policy Holders and Benefici- ss aries, - - - - : - - 308,352.41 ae Net Surplus, - - - - - - 410,839.65 = RECORD FOR 1895. = > GAIN. im new business written over 1894, 87 per cent. = ee GAIN in amount of insurance in force, 46 per cent. 34 $e GAIN in Income 4 60 per cent. ++ ee GAIN in Assets, 86 per cent. = seat GAIN in net surplus, 37 per cent’ ae ei ae i BY = Life, Annuity, Equation and Return Accumulation Policies 3 fe Premium rates about 40 per cent less than old line companies. = 3 3 ae For full information address. = # Py ee 33 Northwestern Department te 2 L. K. THOMPSON, MINNEAPOLIS MINN. cs Manager. ; ze Jd. W, BARL, Suporintendent Agensies ~ : He b dbcddch bokcdeob ede dd bdededededededededebdcdea a ee pepeeetteeresettttttett ttt Htttittittttttettttsiit ~The Herald-Review Job Rooms turn out Fine-Work on Short Notice. | ems | tmenn) ee) oc >