1896-07-17; Clare Sentinel and the Democrat-Press

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'GRAT^PRESS^^Gonsolldated.
Bstsabliahed 1878..
CLARE, MICH.T FRIDAY, JULY 17, 1890.
KoWSeries:   Vol. 4, No. 34
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PREPARATIONS   FOR
2>,-,<wl
Of November 3rd are already under way.   A new
President of the United State;
TH
Is to fee elected, and
K     WEEKLY   TRI
will, as always, be found in tbe thickest of the fight, battling vigor
oasly for soiiBd business prineiples, which will bring prosperity-
A
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ABBBUSS &Lh 0BBERS TO THE SBIfTI_f_SU
A FREE COINAGE CATECHISM.
INSTRUCTIVE ANSWERS TO QUESTIONS
ON EVERYBODY'S LIPS.
FACTS—NOT THEORIES-FOR FINANCIAL
STUDENTS.
FREE   COINAGE   A   WILL-O'-WISP.
_?ew York Evening Post;
The purpose of this series of questions' and answers is put, in simple
form, the problems raised by the free
coinage controversy, with a plain
answer to each, All statistical facts
given are transcribed from official publications, and a list of all authorities
used is published at the end of the
catechism.
Q. What is the fundamental claim
of the free coin age advocates? A. They
claim that the amount of money in circulation has been decreasing since the
demonetization of silver, and that this
decrease has caused a general fall in
prices.
Q. Is it true that the money supply
has been decreasing?   A.   It is not.
Q. What are the facts.? A. So far
as the United St'-'tes is concerned there
has been an enormous increase. ,ln 1860
the money in circulation in this country was $442,102,477 ; in 1872 it was
$738,309,549 ; by the treasury bulletin
at the opening oi the present month
it was $1,521,584,283.
Q. What docs tbis show? A. It
shows that our money supply has
increased 240 per cent, as compared
with 1860, and 160 per cent, as compared with 1872.
. Q. Has the money supply increased
faster than the population? A.
Yerymuch faster.
Q. How do you prove this? A. By
dividing the total money in circulation at each date by the total population of the country at the same date,
and thus finding the circulation per
capita.
Q. What does such a process show?
A. The per capita circulation of the
United States on July 1st, 1860, was
$14.06; on July 1st, 1872, it was $18.70;
at the opening of the present month in
1896 it was $21.35.   «  .
Q. But has not the money supply
of the world at large been decreasing?
A. On the contrary it has been, increasing rapidly. •    *'
Q. How is this proved? A. By the
statistics of new gold production.
Q. How large has this production
been? A. Thereports of the director
of the mint which are acknowledged
authority, show that from 1873 to 1894
inclusiye, the world's total new gold
production has been $2,526 834,900.
Q. Is this new product of gold increasing or decreasing? A. It is increasing with enormous rapidity.
Q. Give the figures. A. in 1873,
the world's gold production was $96,-
200,000;. in 1880, it was $106,436,800.
In the year 1890 it was $118,849,000. In
1894 it was $180,626,100. In 1895 the
exact total is not yet compiled, but it
is closely estimated at $199,500,000.
Q. What does this mean? A. It
means that the amount of gold annually nadded to the world's supply has
more than doubled in the last 23
years.
Q. Is not this annual rate of production liable to decrease? A. On the
contrary, all experts in the American,
Australian and South African gold
fields look for a further and very
heavy increase over the present rate
of production
Q. But has not the disuse of silver
with full coinage facilities cut down
tlie total annual addition to the world's
metallic money supply ? A. It has
not.
Q. Why? A. In 1873 the world's
gold production was $96,200,000: its
silver production, 81,800,000; total,
$178,000,000. Last year the production
of gold alone was $199,500,000.
Q. Was not the combined annual
production of gold and silver larger
than this in "bonanza days?" A. It
was not.
Q. What was the highest record of
that period ? A. Between 1856 and
1860, the world's ayerage production
of gold was $134,083,000; of silver, $37,-
618,000. Total $171,701,000, or less, by
$27,800,000, than last year's production
of gold alone.
Q. What are we to say, then, of the
arguments that the money supply,
since free silver coinage was abandoned, has been contracting? A. That it
is utterly false as applied to the world
at large, and especially so as applied
to the United States.
Q. Is it true, nevertheless, that the
price of wheat and many other farm
products lias Mlea heavily?   A.   It
Q. How are such declines, in wheat
for instance, to be explained? A. By
the enormously rapid increase in grain
growing area throughout the world.
Q. Has this increase been especially
rapid since 1872? A. The increase
in grain growing area in this period,
especially in ITorth America, South
America and Asia, has never been approached in any equal period in "the
history of the world.
Q. How do we judge of actual competition in the sale of wheat? A. By
the supplies -ohrown annually on the
world's great distributing markets.
Q. What market in particular? A.
England, where most of the buying
nations go to purchase their grain
Q. What are the figures ? A. As
recently as 1880, Great Britain imported, for consumptio n and re-export,
55,261,924 hundredweight of wheat—
a large increase over the preceding
annual average, In 1895,, it imported
81,749,955 hundiedweight.
Q. What has made possible this remarkable increase in wheat production? A. The exceeding rapid development of transportation facilities
in new cultivated grain countries ; a-
mong them India, Russia and Argentine Republic.
Q. Has there--been^ an increase in
the United States itself ? A. An
enormous increase.
Q. How large ? A. In 1875 there
were 26,381,512 acres of wheat cultivated in this country; in 1891 there
were 39,916,897, an increase of 50 per
cent. The yield in 1875 was 292,136,-
000 bushels, a heavy increase over preceding years. In 1891, the yield was
611,780,000. Even last year with a
greatly reduced acreage and a partial
crop failure, the yield was 467,100,000
bushels.
Q, Has the yield of other crops increased  correspondingly.   A.   It has.
Q. Give instances. A. The cultivated area of corn in the United States
in 1871 was 34,091,137 acres; in 1891 it
was 76,204,515; increase, 124 per cent.
The yield of corn last year was more
than double that of any year prior to
1875. Both the acreage and the average annual yield of oats doubled since
1871. Our cotton crop in 1894 was 50
per cent greater than in any year prior
to 1887.
Q. Was a decline in grain and cotton prices, under such conditions inevitable? A. As inevitable as a decline in the price of clothing, or furniture, or books, or steel rails, or pins,
when competion in their manufacture
has extended enormously.
Q. Would free coinage help the
producers of grain to a larger profit,,
under such conditions? Not in the
least.
Q. Do the free coinage advocates
use in their speeches these statistical
facts which we have examined ? A.
They do not.
Q. Can the subject be understood
without examining them ? A. It cannot; the whole question rests on these
facts regarding money and production;
Q. Why do the free coinage speakers not use these facts and figures? A.
Because the facts and figures are
against them.
Q. Is there any dispute over the
truth of the figures quoted in these
answers? A, They are undisputed,
even by free coinage men. They are
taken from the reports of the United
States treasury, of the department of
agriculture, .of the director of the
United States mint, of the United
States bureau of statistics and of the
British board of trade; all of them in
their respective spheres the highest
known authorities.
-V/^y^*^m&-^/'--H«-v-
26 inch Cotton Gloria, fast color, natural
croolr handloB, 50c.
26 inch fine Gloria Paragon Frame, fancy
trimmed, natural crook handles only, 75c.
2Q inch Silk Warp Serge, solid acacia or
congo handles, paragon frame, worth SI. 25,
for $1.00.
26 inch Silk Warp Serge, acacia and Congo
handles, with gold and silver-plated trimmings at $1.25, ;.-;
ivm&B&sx&s&xsstaBisxstti
Reduced Prices on
Ready-made Wrap
$2.00 Dimity Wrappers for 81.50
$1.25 Pecale' Wrappers fqlr $L GO
Standard Dress Ginghams at 4cv
Light Print at Bio.   '      -  "
DAVY   & COMPANY.
BOLD,   BAD . BURGLARS
ENTER THREE OF OUR  PEACEFUL
HOMES TO PLUNDER AND ROB-
They  Secure   Gold .Watches, Money,   a
Diamond Ring, Shoes, Pants and Calce.
Ann Arbor R. R. Excursion Rates.
Hational League of American
Wheelmen, Louisville, Ky. Bate of
ane fare for round trip, tickets to be
sold Aug. 9fch and 10th, good returning
Aug. 17th.
G-. A. E. Encampment at St. Paul,
Minn., Sept. 2nd and 4th, one cent per
mile.
Knights of Pythias Uniform Bank,
Cleveland, Ohio. One fare for round
trip, Aug. 22 to 24th, good for return
Aug. 31st.
Card of Thanks.
Mr. and Mrs. Chas. Johnson wish to
thank the friends who manifested such
deep tokens of symyathy during
their hours of sorrow and bereavement, especially the neighbors for the
tender thoughtfulness suggested in
their beautiful floral offerings,
A grand offer to induce new subscribers—The Few York Weekly Tribune for one whole year and the Clare
Ssh-THbl from now until January 1st,
imt, for only §1,00. Gold, silver or
p,per money acceptable.
Last "Friday night, about 12 or 1
o'clock, ("dread hour, when goo'd men
are at rest, but when ruffians are
abroad, when fiends do yell and crimes
are perpetrated.") the homes.of James
Boyd, Prof. Hutchinson and Charles
Stearns were entered. At the home of
Mr. Boyd the thieves secured two
ladies'gold watches and chains—one
of the watches formerly belonged to
Mrs, Boyd's mother. Mrs. Ash, deceased,—a diamond ring, and about $6
in silver. In going through Mr. Boyd's
clothes they found a lead pencil, which
was promptly appropriated, but missed his gold watch, which was in an
opposite pocket. The burglars were
discovered by a lady visitor in the
act of taking her watch, which lay
upon a commode. She raised an alarm
but Mr. Boyd's visitors crowded round
his bed ao thao he was unable until too
late to do anything in the way of securing the intruders.
At Charles Steam's, on east 5th
street, the burglars climbed in a bedroom window and there secured a
silver watch worth $20 or more and
about $2 in money. Mr. Stearns slept
the sleep of the just and did not discover his loss until morning.
At Prof. Hutchinson's one o* the
thieves rigged himself out in the professor's pants and shoes, and it is verv
probable that had he not been disturbed,!^ would have taken the whole outfit. Another of the gang ransacked
the larder and carried off a cake. Mr.
Hutchinson heard the thieves at work
but thought some one of the family
was up around.
The thieves escaped and their whereabouts are unknown.
Mr. Sewall,the democratic candidate
for vice-president, has a son, Harold,
former consul-general to Samoa, who
used to think he was a democrat, but
is now a full-fledged and devoted Eepublican, having attended the S&
Louis convention as a delegate, *3_he
democratic vice-presldeat caadidatels
also a strong protectionist, Gye&t
combination that 1
For Sale.
One Jersey cow.
One Durham cow.
One common cow. .
One lumber wagon.
One top buggy.
.    Enquire af
Elder's Bazaak Boo&lfe Ohiha Stobi
Game into -my premises July 96b, om
red bull with ends of horns'cut off;
about eightee'n months old, Ownei'
can have same by proving propert"?
and paying expenses,
Mrs. Melissa Peatt.
34-6 Grant Township,
Bay Yiew Camp  MeeMeg, July, f
to August 14.
For the above F. and P.M-B.B, will
sell excursion -bicKets to Petoskey suet
return July fs to 1% inclusive, to fee
good going oniy on date of sale5 -,aec§
limited for return to August IB, 1S8#5
at rate of S4.23 for the round trip-
After July 16, will sell only to £_»§&
presenting certificates showing them
to be members of the Michigan Cbib#
Ground Association.
JPfee—64-page medical reference 1jo0_ t_ a*B*f
*persoa afflicted with aay special, cta-onie o_ <Q01~
ieafca slisease -peculiar to their sex. AMsem tao
ieaffiag-|>_*?siSi_*3saH- Bnvgmnu of th&tlniicM
Elates, 3?c Haftewsy Ik Go., ?#B>5a»!j©*msteS8*J:,
"■'Tago. SHys.