Below is the OCR text representation for this newspapers page.

THE JACKSON ECONOMIST. VOL. VII. j A Gold Standard Bill. ■■■ |lu another column of the Senti- Hi, you will find a telegram from H'ashiugtor, D. C. stating that the ■ouse Committee on Coinage, and Measures is about to Kport a bill to fix the standard of ■alue in the United States, etc. | jhe gold dollar is made toe Handard of value in the United States, and the standard of vslue B made to apply to existing, as Bell as to future contracts. You, Bf course, will remember the howl B gold men against the applying Bf paper money or silver money to t ie paper of existing contracts and Bhey called it retroactive legisla ■iou. Now, the gold men come Howard with a sweeping change in ■he money system of the United States, but they do not hesitate to Srovide that the people shall pay Hxisting contracts in accordance Srith the gold standard of value, B Retroactive” legislation does not ■rouble them now, because the Soot is on the people’s feet. The Sold men believe in “ retroactive ” Hegislation, when the people pay S the freight.” The bill provides for the retire- Snent of the greenbacks, and gold Sills are to be substituted for them. Sor the first five years au equal Smount of national bank notes are Bo take the place of the greenbacks Setired. Of the remaining green- Backs, 20 per cent, thereof are to 'B e retired annually, for the next Bve years. Then at the end of ten Sears to cease to be ■legal tenders. How many people in this coun- Itry would —of their own ■will —exchange a greenback for a ■national bankj note? There are Ivory few people in this country Iwould make such an exchange, Ino matter what may be th dr poli [tics. Ask your republicau friend land neighbor and your democratic friend and neighbor if they prefer [the notes of national banks to the I greenbacks of Uncle Sam, If such lan exchange! is not desired, ask them to speak or write to their I representative in Congress. Of course, their "representative in Congress will be too busy with im portant men to give any attention to what th© rank and file of the voters in the Congressional Dis trict may desire, but the rank and file of the voters must learn this lesson. Therefore, urge the re publican and democratic voters to try to influence their Congress man; because, when they fail to influence their Congressman, their feelings will be hurt, and rightly, too. Keep at them to use their in fluence with their Congressman! They should find out whose Repre sentative their Congressman isl The gold standard bill for the I retirement of the greenbacks is I really a bill to declare the United I States Governmentjßankrupt and Ito appoint all the national banks las receivers of the United States I Government. Will \,he people allow the bill? Another provision of the gold standard bill is, that only silver uow in the treasury, can hereafter he coined into silver dollars. No I more silver taken into the treasury to be coined into silver dollars. The secretary of the treasury may or may not (it is in his discretion) coin silver into subsidiary silver coins, and he may r ecoin old, worn uncurrent sub WINDER, JACKSON COUNTY, OEORQIA, THURSDAY, FEBRUARY 2, 1899. sidiarycoiu without a special ap propriation for it, However, the comage of such subsidiary silver coins retires an equal amount of Treasury notes, the same as if sil ver dollars were coined from the silver in the treasury. in other words, the suspension of the coinage of silver dollars takes place when all the silver now in the treasury has been coined. If the fight was merely between the gold men and the silver men, the silver men would soon be de feated. The silver men are not prepared for this fight, and the gold men are. However, the sil ver meD may be able to make a compromise with the national bankers, and ‘‘save their face.” The onlv real safety for the sil ver men is, that this same bill provides for the retirement of the greenbacks, and there are a num ber ot men in Congress that will never vote for the retirement of greenbacks. This body of men may indirectly prevent the defeat of silver. The gold standard bill provides for a gold reserve equal to 25 per centum of all outstanding paper, and another gold reserve equal to 5 per ceutuma of the aggregate of silver dollars, and a common fund for the redemption of all notes, The gold standard bill kindly gives all the national bankers everything they desire at present. Banks may issue notes to the full value of bonds deposited with the United States Treasury, Conse quently, the tax is no longer to be on circulation of notes, but is to be on capital, surplus and undi vided profits of national banks, and the tax is to be only one tenth of 1 per centum. Branch banks may be established, The smallest capital of a national bank may be $25,003 in a town of 4,000 population. If the bankers wanted anything more, why did they not ask for it? Well, they will ask for more later on, if they succeed in retiring the greenbacks. They do not want to show their hands too plainly. However, after the greenbacks are destroyed, it will be suggested to the pec pie that they need more money, and the bankers will readi ly agree to isiue all the notes the people will take. Are you in favor ot or against the gold standard bill? Send in your votes. Also, mention wheth er or not you asked your Republi can friends and neighbors and your Democratic friends and neighbors to use their influence with their congressmen ! —Sentinel Time All Over the World. Below is given a corrected table of comparative time prepared for the Post-Dispatch by the hyro grapher: St. Louis Noon Sunday San Francisco 9 :40 a. m. Sunday Honolulu 7 :19 a. m, Washington 12:42p, m. Havana 12:21p.m. Canary Islauds 4:48p. m. “ Madrid 5:35 p.m. London 5:50p m. “ Vienna 6:56 p.m. “ Moscow 8:12 p. m. Hong Kong 1:27 a. m. Monday Philippines 1:54 a.m. Melbourne 3:30 a.m. “ Co-Operation by Farmers Prof, Frank L. McVey of the Uuiversity of Minnesota has a suggestive article under the above heading in a recent number of the Journal o f Political Economy. Steele county, Minnesota, has a population of 15,000 and in the county there are nineteen hun dred co-operative buildings and machinery for each creamery is $4,000, Prof. McVey describes the method of organization as fol lows : “The money for the buildings and the purchase of the machinery is borrowed as a general thing. The board of directors in every case had provided a sinking fund levying a tax of five cents on each hundred pounds of milk brought to the creamery. The debt incur red has been paid, in some m tauces, at an averagorate of S2OO per month. The largest cream eries have had receipts as high as $45,000 m a single year, The av erage receipts of the creameries are about $20,000 per year fer each. This gives $380,000 for dis t tributi m in Steele county from the dairy business. The net sum distributed is less than this. T 1 • experience of carrying on the busi ness is about $2,400 for each cream ery. Deducting the expenses of mauagjmeut there is left $354,400 for distribution among the 1,642 patrons of the creamery associa tion. This gives each member some $215 for his share in the en terprise. “ The creameries are governed by an organization very much like a joint stock company. The meth od of procedure is as follows: The farmers interested meet at a school house aud appoint a committee to ascertain the number of cows in the vicinity. If there are found to be at least 500, and their own ers ure willing to pledge their milk to the creamery, an association is formed with a president, vice president, secretary aud board of directors These are empowered to build the factory aud start the business. Once a month the offi cers declare a dividend on the of the milk furnished by each pa tron,” When it is remembered that Dr. MoVey is a student of political economy, in the habit of making his investigations without person al bias or mawkish sympathy fur the “down-trodden farmer,” his conclusions become doubly inter esting : “The results from this industry are remarkable. In the first placp, the cash payments for milk have freed the farmer from the system of store pay. He now re ceives cash for his produce and buys with the freedom that cash gives. In ord*r to hold former customers the store-k9eper finds it necessary to keep a large stock and a better variety. A second result is noticeable in the home life of the farmer. The work and drudg ery of butter making is taken from the kitchen, ank the women are relieved from a good deal of hard labor. “Certainly what has been said her© indicates a growing prosperi ty through the medium of co-op erative industry. In this example there should be much to encourage the tarmers in different parts of the country. There is no reason whv the same principle may not be applied to other features of ag ricultural labor and enable the workers in it to reap richer rewards than they are now doing.”—Farm ers Voice. NOTES AND COMMENTS. (Among ocr Exchanges.) An extra session of Cougress is almost a certainty. In the Philippines 123 diffjrent languages aud dialects are spoken and Uncle Sam is being cursed iu all of them, What is the use of kicking against a Mormon with three wives in Cougress, when the Sultan of Sulu, with his notables among our new citizens have dozens of wives each? Reports come from Havana that our soldiers drink much whiskey. This will not do for the tropics; nearly one half of the deaths in Col. Ray’s regiment are due to al c iholism. Statistics of the human race run thus: There are 72 races. 3.0?4 dialects and about 1,000 religions. One-third of the race die before 17 years. Each sex average 38 years of life. One in 100,000 of both sexes lives to 100 years. Six to seven in 100,000 of both sexes live to 60 year.s Total living 1,500,000,- 000. Die annually 35,214 000 —97 a minute. Births annually 36,- 700,000—7 a minute. The marred live longer than the single. Hard workers longer than others. The civilized longer than the uncivil ized. Those of middle size longer than the largo or small. Our fusion congressmen and sen ators don’t want any change in the ratio. That is all right, as applied to metal money; but for senators and congressmen to get sixteen dollars a day the year round and the workingman to get only one dollar a day, if he is lucky enough to get anything, don’t r eem to be just the square thing. And yet we fear this is the kind of 16 to 1 those Washington chaps most fa vor. They want to freeze to their sixteen dollars a day, anyway, even if the workingman has to whistle for his one dollar. —Chica- go Express, Government ownership, green back currency and the referendum are tue three leadiug reform ideas of the day. Each is represented iu the Independence League plat, form published elsewhere iu these columns. Get an organization strong enough to supplant nation al bank notes with greenbacks, to establish limited postal banks for deposit and loan, and enact the referendum principle into law and you will have an organization strong enough to establish all oth er needed reforms. Then why uol organize an Independence L'.ague. aud organize it now? —Chicago Express. Many examples of total deprav ity are often brought to the sur face by a great crime. Murderer are regaled in their cells like he roes by illogical and impressiona ble woman aud courthouses where most immodest revelations take place, are thronged with an eager, expectant crowd of the Barae char acter and sex, Ii is all very de plorable. But bad as it is in this country, we are still far behind France in this particular phase of depravity. At Lille the other day a young woman of ’’refinement, birth and education,” says Me morial de Lille, went to the Com- I missaire and requested that she might be permitted to visit a Jean Gervails, an ignorant and depraved peasant, the murderer of 2 chil dren, who had just been sentenced to the guillotine, “what do yon want to say to him?” asked the Commissaire, “Monsieur,” replied the young lady, “the matter is very simple. M. Gervais is alone; he requires attending to and amus ing. If I went to stay with him during the time he still has to live. I should be kind to him and he might leave me the SI,OOO which h > stated at trial he had saved.” The astonished Commissaire tried to make the sweet philanthropist understand the bearing and mor ality, or iather immorality of the plan proposed, but she only re peated, ‘ The mouev will be lost and he is so lonely.” The prevailing impression in St. Pe:ersburg, Russia, is that all dan ger of a general European war is far from being over. The Russians are convinced that the English are bent on fighting. As for the Rue sian Army and Navy, they have long been anxious to measure themselves with the British forces. Although the treaty of alliance be tween Francis and Russia makes no> provision for the eventuality of a war 'between the English and French, the unanimous opinion a tnong Russians is that the Czar’s forces would, sooner or later be dragged into the contest, Though war has, for the present, been avert ed,. the Russians firmly believe that the day must come when they will be compelled to fight the En glis I '*. Wall street has just had a great wave of prosperity. Stocks went up in a day, bringing millions to men who were already million aires. Rockefeller is said to have made thirty millions out of the increased value of his holdings; Gould, Russell Sage and other noted accumulators “made” from five millions to twenty millions each, while other speculators to the number of fifty or more raked in from a quarter of a million up. This will doubtless prove pleasant reading to the farmer just about to leave the old homestead by mort gage foreclosure, and the workiug mau out of employment, whose family is on the verge of starva tion. But a day of reckoning will surely come —peacably or forcibly —but come it will, and its coming cannot much longer be delayed. Poor Richard’s Words of Wisdom. He that would live in peace and at ease, must not speak all he knows, nor judge all he sees. Search others for their virtues, thyself for thy vices. Approve not of him who com mends all you say. Three may keep a secret, if two of them are dead. A Man is never so ridiculous by those qualities that are his own, ae by those that he affects to have. To be humble to superiors is duty, to equals courtesy, to infer iors nobleness. Do not do that which you would not have known. NO. 4