Increased Output

Iu spite of the assertions of the f ree coinage advocates that the world needs a greater volume of "money of final redeinption" and that this lack is the canse of onr troubles, it appears from the report of the director of the mint that the world's productiou of these metáis was greater last year than during auy prevous year of history. The gold production amounted to $181,000,000, or au exceas of $25.000,000 over the outpuc of any previous year. The production thus far this year jindicates that the total output will be in excess of $200,000,000. Nor has the decline iu the price of silver operated to prevent a like increase in its production. The silver production for 1893, $209,OOO.OOObroke all previons records, being au incrase over 1892 of $13,000,000. In 1894 the output aruovuited to $214,000,000. This of course is the coined value on the rate of 16 to 1. The bullion value of this silver is $105,000,000. It is easy to see therefore the enormous proflt to the silver producers that result from free coinage, provided the silver dollar be kept on a parity with the gold dollar. It is not surprising that the mine owners of this country are heading the crusade in favor of free silver under these circumstances, Some time ago the "more money' craze struck Brazil, and she starfced np the printing presses and made $375, - 000,000 of legal tender paper niouey. Now according to the greenback and silver adovcates the stamp oí the government on thisipaper made it a dollar justas good as any other dollar,' becanse it would pay a dollar of debt. Again, since the country had "more money, " "cheap money, " prosperity must of necessity abound. But what is the fact? The "cheap money'1 is only worth forty cents on the dollar and the government has just made a loan on that valuatioa with which to retire a large part of it. There is a higher law of values than the government flat and the experience of Brazil teaehes one more lesson as to its potency. The Rosebery cabinet is no more. After a fitful existence of one year and fonr nionths it has come to an inglorious end with none of its jxromises fulfillod. It sncceeded to-powei pledged to home rale for Ireland, with consequent home rule for other sections of the kingdom ; reform of the house of lords ; pay for the members of parliameut; and one man one vote, together with other issues. None of these pledges have been fnlfilled. The accompliehment of these objects, with the narrow majority at the back of the liberal leaders wotüd have been most difficult with their greatest statesman at the helm, but were impossible when intrusted to the hands of a Rosebery. He had not the confldence of many of the liberal members from the flrst. Being a peer himself he was suspected of too great sympathy with the hereditary house to carry through the liberal program. As time passed without progress and Rosebery 's disposition to straddle the question became more apparent distrust of ïim was carried to other points of the iberal program with the result that his majority coustantly dwindled toward the vanishing point. Lord Rosebery is a versatile and in many ways a brilliant man and always an extremely rnoky one, bnt; he was a misfit in the shoes he stepped into on the retirement of the Grand Old Man. His adminisxation has been only an interregnum. [%e work of the liberal party was ledged to execnte is right where Gladstone lef t it. The work of tlie flosebery eabinet will not occupy a prominent lage in English history. Mayor Pingree seems still to be a considerable factor in the affairs of the metrópolis, notwithstanding the efforts oí the discredited republican legislatura to kill hitn off. The Argus has never been a great admirer of Detroit's breezy mayor, but it likes to see fair play, and if a republiean is to be at the head of be municipal government there, it pre'ers Pingree to any of the statesmen of liat ilk who have yet been brought out. 'he people should and they in all proability will re-elect him as a rebuke o the infinitely worse legislature vrhich isgraced itself and violated everypriniple of honor in enaoting legislation esigned to knock Piugree out. The University of Chicago is about o complete arragements, similar to íose which obtain in the Micihgan University, whereby high school gradates may be admitted on diploma and vithout examination. It has been a wise arrangement here and there is no eason why it shoald not be equally so here.