THE GRIP OF GOLD

McKinley-Hobart campaign poster.

Bryan-Sewall campaign poster.

The Cortland Democrat, Friday, October 9, 1896.

THE GRIP OF GOLD.

Now That McKinley and Hobart Have Been Nominated on a Gold Platform, the Following Dispatch Becomes Very Interesting.

   LONDON, APRIL 30, 1894.—The London Financial News says: The financial situation in the United States is very serious. The senate has blocked all relief measures proposed by President Cleveland, and congress is at a dead standstill on the money question. The free coinage senators are masters of the situation.

   The condition of affairs in the United States congress demands the immediate attention of British financiers and statesmen. The trade of the world is now in our hands, but it will not long remain there if the United States goes to a bimetallic basis with free and unlimited coinage of silver.

   With the addition of silver to the volume of money, everything in America would take on a new face; labor and industry would gain new life. The grip of the gold standard on the products of the world would be loosened and prices would rise. Great Britain would lose her markets in South America, Asia and Europe, and American ships would not be long in capturing the carrying trade of the world.

   British creditors must now apply themselves quickly to the American money problem. The sound money men and banking interests, led by Senator Sherman, [President] Cleveland and [Secretary of Treasury] Carlisle, with a plentiful supply of means, have been beaten. The American people are now thoroughly aroused and educated on the power and use of money, and made desperate by debt and business depression, they are forcing free silver as the main issue.

   Great Britain need fear no injury to her trade or investments if the Republican party can force "protection tariff" as the main issue in the coming presidential campaign, but if free silver dominates the American mind and carries at the polls, it will bring about a change in England that will be ruinous from its suddeness and severity. The damage that can be done British manufacturers by a protective tariff is slight compared with the disasters that would be entailed by a change from a single gold to a complete bimetallic standard.

   It is evident that the Democratic party will not renominate a man who holds to President Cleveland's ideas on money, and the only hope for a continuation of Mr.  Cleveland's financial policy will be in the success of the Republicans in the next election.

   The success of free coinage will bring down the rate of interest on money, and cause an immediate rise in the price of all commodities. When silver becomes primary money the American mines will pour their products into the mints, and a new era similar to that produced by the issue of greenbacks during the civil war will begin. Gold will leave the banks and enter into competition with silver in the avenues of trade, and the manufactories of the United States, which have been shut down or crippled since 1892, will again resume their fight for the English markets.

   It is doubtful whether the Republican party can be held much longer in check by sound money statesmen as its adherents are divided by powerful factions. The Democratic party is also breaking up under the weight of the free silver agitation. It matters not to Great Britain which party succeeds if the gold standard is maintained, but either of the old parties or a new party which goes into power pledged to free coinage will be inimical and prejudicial to English manufactories and trade.

   The American people cling with wonderful tenacity to party organizations, but financial embarrassment and business stagnation has become too severe for their patience, and they are ready for any change that promises relief. They are becoming convinced that it cannot be found in the protection [tariff] theory, as that has been tried, and they are massing now on free silver. When that issue comes fairly before the American people, England will regret her apathy and adherence to the single gold standard.

The Financial News Article.

From the N. Y. World, Oct. 5.

   Some time since there was sent out a campaign circular containing an editorial from the London Financial News, making many statements about the effect of the adoption of free silver by the United States, the gist of it being that British trade would be ruined all over the world by that of America. This editorial was attributed to the issue of March 18 last. It was denounced by the Financial News, which said it had not printed any such editorial. An examination of the issue of March 18 last showed that it did not contain the editorial. The Thrice-a-Week World severely criticized the issuance of such a campaign circular.

   Later, a second statement was made that the editorial was printed by the London Financial News in its issue of April 30, 1894. Determined to make a thorough investigation of the matter, the Thrice-a-Week World cabled to its London correspondent, Mr. Ballard Smith, to go to the Financial News office and, if permitted by its owners, to examine the files of that paper. Mr. Smith did so and found that the alleged editorial did appear in the issue of that paper of April 30, 1894, two and one-half years ago. This sets the matter at rest.

  

PAGE FOUR—EDITORIALS.

   ◘ In another column will be found an article under the heading of "The Grip of Gold," copied from the London Financial Review, the leading financial paper of England, on the subject of free coinage. Republican papers have claimed that it was never published in the Review and to set the matter at rest the New York World cabled its London correspondent Mr. Ballard Smith, to examine the files in the Review office, which he did. Mr. Smith cables to the World that the article was published in the Review April 30, 1894. As the World is opposed to Bryan and Sewall this ought to set the matter at rest.

   ◘ On the basis of its special canvass the New York Herald gives Bryan 210 and McKinley 237 electoral votes, a result altogether too close for comfort, especially when it is seen that Illinois. Indiana, Kentucky, Maryland and Iowa are all of them placed in the McKinley column. The other States given to McKinley are Connecticut, Delaware, Maine, Massachusetts, Minnesota, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont and Wisconsin. With the results in West Virginia and Michigan "exceedingly doubtful," the Herald gives both to Bryan, also Alabama, Arkansas, California, Colorado, Florida, Georgia. Idaho, Kansas, Louisiana, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, North Dakota, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming. Assuming the result in these States to bear out the Herald estimates, Mr. Bryan would need only Indiana to elect him. Kentucky would come within one of it; and yet they say it is all settled!—Albany Argus—Gold paper.

   ◘ Every Democrat and every silver man in the county should vote for Frank W. Collins for Member of Assembly. He is a thorough business man and he is one of the people. The interests of farmers, mechanics and laboring men will be in the hands of a careful, competent and reliable man if he is elected.

THE FAIR IS NEXT WEEK.

The C. A. A. Will Furnish a Week's Entertainment at Low Prices.

   Everything will be in readiness next Monday evening for the opening of the Cortland Athletic Association fair which will continue in their club house all next week. The decorations of bunting in many colors and fancy forms all lighted by electricity are nearly all in place and represent many weeks work. The artistic electric lighting is especially fine, several hundred incandescent globes being used in the display.

   No place could be better fitted for holding a fair than the large club house [Historic Randall House] and every part of it will be made use of. Each of the many attractions has a separate room and each is gorgeously trimmed and fitted up for its own purpose. On the ground floor are the restaurant, curio hall, the museum and candy booth.

   On the second floor will be the great X Ray machine which all should surely see as it is rot probable that another chance will soon present itself to thoroughly examine this the greatest discovery of modern times; here also are the great gypsie fortune teller and two members of her band, a fine art gallery containing many costly paintings, and several very pretty booths.

   The entire ball room on the third floor will be devoted to free dancing with music by "Happy Bill" Daniels, Prof. Patsey Conway and a large orchestra of solo artists. There will be a concert every evening before dancing begins.

   Numerous smaller attractions are to be found all over the house and a pleasing feature will be the absence of all books and contests. On the last evening there will be two Pierce bicycles, a set of harness and a ton of coal given away to holders of admission tickets which cost only $1.00 for the entire week and are transferable, or 25 cents for a single admission. The attractions represent a large outlay of money and these prices are very low. You are sure to get your money's worth.

Li Hung Chang.

FROM EVERYWHERE.

   Paris is already arranging for a world's fair in 1900.

   Next year is the centennial of the stove pipe hat, which first came into common use in Paris in 1797.

   The water in the St. Lawrence is so low that serious blockades have occurred in the Canadian canals.

   James F. Clarke, the largest hop grower in this state, harvested 12,400 boxes, or about 1,000 bales.

   Insurance rates were raised 50 per cent last year in the village of Allegany because they had no facilities for fighting fire.

   John B. Woodruff of Manlius has patented a non punctureable bicycle tire, which he will soon put upon the market.

   The oldest living woman this country is said to be Mrs. Margaret Fallon of

Kings Ferry, who was born in Ireland in 1787.

   The Bertillion system of measuring and photographing criminals for future identification was employed for the first time in Auburn prison a few days ago.

   Four hundred Elmira dogs, running at large in the streets, were placed in the pound by the police; two hundred were redeemed at $2 each and the rest killed.

   Li Hung Chang is as rich as any two Vanderbilts or Astors of them all. He is worth $350,000,000. The old fellow could give American financiers lessons in sharp practice that would make them open their eyes.

   Madame Carlotta, a female balloonist, made an ascension from the Onondaga County fair grounds accompanied by a male friend. They landed on Earl Swain's farm on the shore of Oneida Lake about two miles west of South Bay. The balloon escaped after they alighted and went up about half a mile where it turned over, the gas escaped and it returned to the ground uninjured.

  

HERE AND THERE.

   The Traction company are laying the new girder rail on Railroad-st.

   Geo. H. Ames, the shoe dealer, has an advertisement in another column.

   The Dillon Bros. opened their dancing academy at Empire hall this week.

   The annual reunion of the 76th Regiment was held in Ithaca Wednesday.

   Hi Henry's great minstrel company will appear in the opera house Tuesday evening, Oct. 18.

   Burgess mentions some bargains in boy's clothing in a new advertisement on our eighth page.

   The board of trustees have renewed their present contract with the Cortland Water Works Co. for five years.

   Daniels' orchestra of eight men will give a concert and dance in the Freeville opera house Friday evening. Oct. 30.

   Messrs C. P Walrad and T. H. Wickwire have been re-elected trustees of the Presbyterian church in this place.

   Night school at Joiner's business college opened last Monday evening. There is a larger attendance this year than ever before in the history of the school.

   "Happy Bill" Daniels is still holding his popular Saturday evening dances at armory. Full orchestra and a good time to-morrow night, as usual.

   ''Wang'' was presented to a large audience at the Cortland opera house

Monday evening. It seems to be funnier and better than ever this year.

   Eddie Bald, [bicycle racer], trained by S. H. Strowbridge of this place, is champion of the National racing circuit. Winning two out of the last three races placed him in the lead. Eddie and "Ham" are in Milwaukee where there is a match race between Bald and Sanger to-morrow.

   The new rails for the curve at the corner of Railroad and Church-sts. arrived last Friday morning and the balance came Saturday. Work was immediately commenced and the curve was all in so [brick] paving was resumed on Monday. Track laying and paving are both progressing very rapidly. The pavement is now in use nearly to Church-st. corner and that will be opened some time next week.

  

An Old Man.

   Mr. and Mrs. Frank Rice have just returned from Kelloggsville, where they have been to attend the anniversary of the 91st birthday of Barton Slade, who was born the 28th day of September, 1805, in Cayuga Co. He is a son of Peleg Slade, who moved from Stillwater to Cayuga in 1850, settled in Sempronius on the highest point of land in Cayuga Co.; he lived to be 97 years old and his wife 101 and three months. His wife was one of the first to make cheese in the county. When Barton was twenty one years old his mother gave him a cheese that weighed 32 lbs., he said, "mother, I will keep this cheese and not cut it until I am married and cut it on my wedding day." The cheese was kept in good condition until that day, and it weighed but 16 pounds after keeping it 16 years. He sent a piece to Millard Fillmore, his cousin, and other friends in several different states in the union. The history of this cheese proves what chemists claim that a new made cheese is 60 per cent water. Mr. Slade eats well and sleeps well. His wife is 79 years old and smart; she is a sister of Mr. I. W. Phelps of Taylor, N. Y. They have lived together 50 years on the place where they now live; he is uncle to Mrs. D. Mead of Lincoln-ave., this place; he has one sister living, Mrs. B. Mosemon, 82 years old, and was at the anniversary. Mr. Slade has been a life-long Democrat.

   FRANK RICE.