Music Trade Review
Issue: 1896 Vol. 22 N. 25 - Page 4
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THE MUSIC TRADE REVIEW.
LYMAN BILL
Editor and Proprietor.
PUBLISHED
EVERY
SATURDAY
3 East 14th St.. New York
SUBSCRIPTION (including postage) United States and
Canada, $3.00 per year; Foreign Countries, $4.00.
ADVERTISEMENTS, $2.00 per inch, single column, per
Insertion.
ertion. On q quarterly or yearly contracts -< special dis-
count i% allowed
R£MITTANCES, to other than currency form, should
oe made payable to Edward Lyman Bill.
Altered at the New York Post Office as Second-Class Matter.
N E W YORK, JULY 1 1 , 1896
TELEPHONE NUMBER 1745. — EIGHTEENTH STREET.
••THE BUSINESS MAN'S PAPER."
They have been carded from the woolliest
recesses of the woolly West; plucked down
from the skymost tops of the Rockies,
raked from the thickest stubble of the tor-
nado-swept prairie and dragged from the
deepest holes of the "befo'-the-wah, sah,"
country.
These men, raked in from all parts of the
country, have gyrated at the merry crack
of the whip of Altgeld, celebrated through-
out the world as the man whom Johann
Most once allowed to shake his hand and
pay for his beer, and this is the Democratic
party, founded by Jefferson and foundered
by Altgeld and Tillman.
There is underneath these anarchistic
doctrines promulgated at Chicago, a deep
feeling of dissatisfaction at the injustice of
the times.
This is given partial vent in the incoher-
ent and inflammatory utterances by those
who are swayed by more than partisan fer-
vor.
Again, this feeling of discontent among
the masses has crystalized in the open dec-
laration for free silver as being a possible
panacea for the existing conditions.
The question is, Will the voting element
of America follow this silver ignis fatuiis
over the swamps and 'morasses until it
is precipitated into the darkest depths of
anarchy and ruin?
There is no doubt but that the politicians,
mine owners and those directly interested
in having the silver craze sweep the
country, will carry on an aggressive cam-
paign in all parts of the country, and will
not stop until they have invaded the gold
States, where they will find many who are
prone to worship any new ism which may
be brought to their notice, particularly
when this silverism is taught them in such
a way that they are led to believe that free
silver means higher prices for the products
grown.
THE DOMINANT QUESTION-
UST to what point this silver craze
which is now sweeping over America
will reach by November, is indeed difficult
to determine.
From the developments which have taken
place in Chicago during the past week, we
are led to believe that sectional lines will
Alluring inducements will entice man} 7
be closely drawn in the coming political
to fight under the silver banner, particu-
contest.
It seems that the West and South—that larly when they believe that it will lead
is the far West—are united against what them out of the slough of business despon-
they term Eastern oppression. To read dency into the clear sunlight of business
the inflammatory and almost revolutionary prosperity.
But will it?
speeches made at the alleged Democratic
Is not the silver god a false god ?
Convention in Chicago, we may conclude
Does not the free and unlimited coinage
that the dwellers in the South and West
of
silver mean a debased currency at home
believe that we in the East do nothing but
stuff ourselves with terrapin and enjoy un- and a discredited currency abroad?
Has any nation ever built a strong road
interrupted champagne baths, while they,
the tillers of the soil, and the army of the to prosperity over the circulation of a de-
unemployed subsist chiefly on bacon and based currency?
buttermilk.
In the first place let us see what is the
The ethnological aggregation of high and meaning of this sixteen to one.
It means that sixteen ounces of silver
low class freaks gathered at Chicago has
should equal one ounce of gold.
never been surpassed.
J
Let us see what is the bullion value of
these two metals in dollars.
Our gold dollar if reduced to bullion is
worth the mint value stamped thereon in
all parts of the world.
There is no shifting of values with that
metal when it reaches the frontier of any
nation.
Our silver dollar, if free coinage were to
be ratified by the people, would be worth
in bullion everywhere out of the United
States fifty-three cents.
Now these men demand that this fifty-
three cents worth of silver bullion shall be
worth a dollar by placing our Government
stamp thereon.
Is such a value not an illegitimate value?
Is it not using Government protection as
a cloak for dishonesty when we say that the
United States Government stamp on fifty
cents' worth of silver shall make it worth a
dollar when no other country in the world,
that is among the great commercial
nations, recognizes its value beyond that
of bullion?
Again, is it not dishonesty in a broad
sense by repudiating nearly half of every
dollar of Governmental indebtedness by
making the silver dollar a legal tender for
all Government indebtedness?
If it were thirty-two to one then there
could be no possible objection, but can one
hundred cents' worth of silver be coined
out of fifty-three cents' worth of silver
plus a legislative fiat?
Are not these men who advocate such a
measure being taken forcing the Govern-
ment to become a party to dishonor?
If foreign capitalists invest a gold dollar
in our country they are entitled to a gold
dollar in return, and not to fifty-three
cents' worth of silver.
We have in existence to-day nearly 600,-
000,000 of silver dollars and silver bullion
against which circulating notes have been
issued, and these have thus far been kept at
an equality with gold dollars because the
Government has ceased to create any more
of this legal tender silver, and has kept the
amount already in existence as good as
gold by preserving the national credit and
redeeming its obligations in gold when
demanded.
Again, foreigners can purchase silver
bullion in their own countries, have it
coined free at the American mints, and the
bullion which cost them fifty-three cents
abroad would pay one dollar in America
for every dollar's indebtedness which they
owed firms in this country.
If an attempt were made here and else-
where to keep sixteen ounces of silver
equal to one ounce of gold, with free and
THE MUSIC TRADE REVIEW.
LYMAN BILL
Editor and Proprietor.
PUBLISHED
EVERY
SATURDAY
3 East 14th St.. New York
SUBSCRIPTION (including postage) United States and
Canada, $3.00 per year; Foreign Countries, $4.00.
ADVERTISEMENTS, $2.00 per inch, single column, per
Insertion.
ertion. On q quarterly or yearly contracts -< special dis-
count i% allowed
R£MITTANCES, to other than currency form, should
oe made payable to Edward Lyman Bill.
Altered at the New York Post Office as Second-Class Matter.
N E W YORK, JULY 1 1 , 1896
TELEPHONE NUMBER 1745. — EIGHTEENTH STREET.
••THE BUSINESS MAN'S PAPER."
They have been carded from the woolliest
recesses of the woolly West; plucked down
from the skymost tops of the Rockies,
raked from the thickest stubble of the tor-
nado-swept prairie and dragged from the
deepest holes of the "befo'-the-wah, sah,"
country.
These men, raked in from all parts of the
country, have gyrated at the merry crack
of the whip of Altgeld, celebrated through-
out the world as the man whom Johann
Most once allowed to shake his hand and
pay for his beer, and this is the Democratic
party, founded by Jefferson and foundered
by Altgeld and Tillman.
There is underneath these anarchistic
doctrines promulgated at Chicago, a deep
feeling of dissatisfaction at the injustice of
the times.
This is given partial vent in the incoher-
ent and inflammatory utterances by those
who are swayed by more than partisan fer-
vor.
Again, this feeling of discontent among
the masses has crystalized in the open dec-
laration for free silver as being a possible
panacea for the existing conditions.
The question is, Will the voting element
of America follow this silver ignis fatuiis
over the swamps and 'morasses until it
is precipitated into the darkest depths of
anarchy and ruin?
There is no doubt but that the politicians,
mine owners and those directly interested
in having the silver craze sweep the
country, will carry on an aggressive cam-
paign in all parts of the country, and will
not stop until they have invaded the gold
States, where they will find many who are
prone to worship any new ism which may
be brought to their notice, particularly
when this silverism is taught them in such
a way that they are led to believe that free
silver means higher prices for the products
grown.
THE DOMINANT QUESTION-
UST to what point this silver craze
which is now sweeping over America
will reach by November, is indeed difficult
to determine.
From the developments which have taken
place in Chicago during the past week, we
are led to believe that sectional lines will
Alluring inducements will entice man} 7
be closely drawn in the coming political
to fight under the silver banner, particu-
contest.
It seems that the West and South—that larly when they believe that it will lead
is the far West—are united against what them out of the slough of business despon-
they term Eastern oppression. To read dency into the clear sunlight of business
the inflammatory and almost revolutionary prosperity.
But will it?
speeches made at the alleged Democratic
Is not the silver god a false god ?
Convention in Chicago, we may conclude
Does not the free and unlimited coinage
that the dwellers in the South and West
of
silver mean a debased currency at home
believe that we in the East do nothing but
stuff ourselves with terrapin and enjoy un- and a discredited currency abroad?
Has any nation ever built a strong road
interrupted champagne baths, while they,
the tillers of the soil, and the army of the to prosperity over the circulation of a de-
unemployed subsist chiefly on bacon and based currency?
buttermilk.
In the first place let us see what is the
The ethnological aggregation of high and meaning of this sixteen to one.
It means that sixteen ounces of silver
low class freaks gathered at Chicago has
should equal one ounce of gold.
never been surpassed.
J
Let us see what is the bullion value of
these two metals in dollars.
Our gold dollar if reduced to bullion is
worth the mint value stamped thereon in
all parts of the world.
There is no shifting of values with that
metal when it reaches the frontier of any
nation.
Our silver dollar, if free coinage were to
be ratified by the people, would be worth
in bullion everywhere out of the United
States fifty-three cents.
Now these men demand that this fifty-
three cents worth of silver bullion shall be
worth a dollar by placing our Government
stamp thereon.
Is such a value not an illegitimate value?
Is it not using Government protection as
a cloak for dishonesty when we say that the
United States Government stamp on fifty
cents' worth of silver shall make it worth a
dollar when no other country in the world,
that is among the great commercial
nations, recognizes its value beyond that
of bullion?
Again, is it not dishonesty in a broad
sense by repudiating nearly half of every
dollar of Governmental indebtedness by
making the silver dollar a legal tender for
all Government indebtedness?
If it were thirty-two to one then there
could be no possible objection, but can one
hundred cents' worth of silver be coined
out of fifty-three cents' worth of silver
plus a legislative fiat?
Are not these men who advocate such a
measure being taken forcing the Govern-
ment to become a party to dishonor?
If foreign capitalists invest a gold dollar
in our country they are entitled to a gold
dollar in return, and not to fifty-three
cents' worth of silver.
We have in existence to-day nearly 600,-
000,000 of silver dollars and silver bullion
against which circulating notes have been
issued, and these have thus far been kept at
an equality with gold dollars because the
Government has ceased to create any more
of this legal tender silver, and has kept the
amount already in existence as good as
gold by preserving the national credit and
redeeming its obligations in gold when
demanded.
Again, foreigners can purchase silver
bullion in their own countries, have it
coined free at the American mints, and the
bullion which cost them fifty-three cents
abroad would pay one dollar in America
for every dollar's indebtedness which they
owed firms in this country.
If an attempt were made here and else-
where to keep sixteen ounces of silver
equal to one ounce of gold, with free and
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