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PEOPLE’S PARTY PAPER
PVBMBHKD WSKKLY BY THU
People's Paper Publishing Company.
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THOB?Ts. WATBO3T, - - President.
D. N. SANDERS, - - Seo. & Treas.
R. F. GRAT, - Business Manager.
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President People's Paper Publishing Co.
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THE PINKERTONS WILL BE THERE.
. In the report of the preparations
made for the reception and entertain
ment of Mr. Cleveland and his party
at the Arlington hotel, the Jenkins of
the Washington Post has given a
most interesting article. But readers
generally will find no more interest
ing statement in it than that “ a body
of Pinkerton detectives will guard
him (Cleveland) from any possible
annoyance as he passes from the ele
vator to the street, and at the outer
door a cordon of police will be sta
tioned to protect him.” Shades of
Andrew Jackson! More than once
it has been hinted that Mr. Cleveland
looks in the quality of personal cour
age. But though he be a coward,
why should he insult the great mass
of the people by employing in his
service the despised and criminal or
ganization known as the Pinkertons ?
QUITE A DIRECTOR,
It has been discovered that Mr.
Wihon 8. Bissell is a director in five
railroad corporations. Mr. Michael
H. Smith in one, and in t&j Capdal
City Bank. Mr. Rich rd Olney in
two railroads. The railroads seem
to be in it this time.
PEOPLE’S PARTY PAPER. ATLANTA. GEORGIA. FRIDAY, MARCH 3. 1893.
THE SILVER QUESTION.
NWM«®R FOUR.
Under the Thomas Jefferson law,
Silver was coined and put into circu
tion. It represented itself and
traveled on its own feet. It claimed
to be able to stand alone just as
Gold did, and for nearly one bun
dred years it made the claim good.
Under the acts of 1873-4 its coin
age was stopped entirely, and for
many years the people saw very
Silver. Greenbacks and Bank paper
were the common currency.
Then came the Bland act of 1878,
coining $2,000,000 per month. As
soon as this was put in operation the
money market grew easier, and silver
dollars circulated freely.
Later on came the attempt to stop
the coining of the Silver. John
Sherman’s law of 1890 provided that
ounces per month should
he bought, but the Secretary of the
Treasury was not bound to coin it.
As a matter of. fact they have piled
the bullion up in the Treasury vaults
just as you would store cotton, and
they have issued Certificates of De
posit on it. These Silver certificates
represent the Silver itself, and they
furnish the bulk of the money with
which business men transact the
ordinary traffic of to-day.
Why was John Sherman’s law de
nounced as a fraud and a Makeshift?
1. Because it limited the amount
of Silver to 4 f 500,000 ounces per
mouth, instead of receiving all that
was offered just as gold was
treated.
2. Because it stored the Commo
dity in a warehouse and issued cer
tificates on it instead of coining it up
into actual dollars.
In other words, the Democratic
Bosses denounced the John Sherman
act because it was not friendly
enough to Silver; because it put
upon the white metal conditions
which were not imposed upon the
yellow.
What were the Democrats pre
tending to desire last February and
last July ?
To pass an act more friendly to
Silver than the John Sherman Taw
What are they now trying to do?
To pass an act less friendly to
Silver than the John Sherman Law.
These Bosses think the people
have no no sense and no
resentment.
When the National
Convention denounced the John
Sherman act at Chicago, the country
understood that they demanded a
friendlier law. Upon that claim
they went before the people.
But the elections are now over,
the people helpless—therefore the
Bosses can afford to carry out their
secret understanding with the Bank
ers of Wall street.
The John Sherman act is no longer
a fraud because it is too hostile to
Silver, but is a fraud because it is
too friendly.
Before the election the purchase
of 4,500,000 ounces per month was
too narrow a limit. After the elec
tion it is too wide.
Before the election we clamored
for the removal of this limit so that
we could coin $18,000,000 more, and
thus add 80 cents per capita to the
currency,
After the election we arc asked to
strike out half the benefits of the
Sherman Law and to rest content
with about half the silver money that
act gave us.
Before the election we demanded
expansion; more money; more silver
than the Sherman Law allowed.
Since the election we must take
contraction; less money; less silver
than the Sherman Law allows.
This policy is thoroughly consist
ent with the confidence game which
the Bosses have played upon the
people throughout.
Last Summer, for instance, our
frisky old Gideonite, Lothario F.
Livingston, almost howled the false
teeth out of his mouth demanding
more Silver money than we were
then getting under the Sherman Act.
Wow he sneaks around Washington
to Mannion House Caucuses, at Car
lisle’s elegant Mansion, concocting
wily schemas by which the people
will be allowed only half the silver
monev they now get under the Sher
man Act.
To throw dust into the eyes of the
public much is said about coining
the bullion now in the Treasury.
Large figures are used to show how
many millions of dollars this will add
to the currency. No man should be
deceived by such a pretence. If that
bullion be coined, the Silver Certifi
cates which have been issued on it
must be called in and destroyed.
Therefore, for every silver dollar in
coin which goes out to the people a
dollar in silver certificates must come
in from the people. Hence the vol
ume of the Currency remains just
the same.
Under this trick of appearing to
increase the supply of money the
Mansion House plotters expect to
quiet the people while they change
the law on Silver so as to shrink the
coinage to one half.
It may be worth while to remark
in passing that the Washington Post
discloses that the secret caucus at
Carlisle’s Mansion last Sunday was
the result of bogus invitations sent
out by Horace Kenney, the gilt-eyed
Wall Street Editor of the Economist.
Carlisle says these invitations are
forgeries—that he did not authorize
them.
Now, if Kenney forged these in
vitations, who put him up to it ? Was
it Wall Street, or was it Macune, or
was it Livingston? It’s a pretty
mess.
But to proceed. Hand in hand
with this plot goes that of the two
Senators from. Ohio, Sherman and
Brice. One of these precious crea
tures is a Republican, the other a
Democrat.
The Republican Senator demands
an issue of Bonds to the tune of
$50,000,000.
The Democratic Senator demands
that all outstanding paper of the
Government shall be payable in gold
alone.
All the odious features of the Re
sumption Act of 1875 are to be re
vived. By the terms of that law the
Greenbacks were called in and burnt
up. So indignant did the people be
come at the destruction of this cur
rency that the Act of 1878 was
passed, putting a stop to it.
Now, however, the Act of 1875 is
to be revived and the $346,000,000
of Greenbacks which escaped de
struction in 1878 are to be burned. .
Silver is to be ruled out, Green
backs are to be burned and the peo
ple forced to take the notes of Na
tional Bankers.
Instead of getting Government
money without interest charge, they
are to be driven to the use of Na
tional Bank notes at a big per cent.
The business men are the partridges
before whom the National Bankers
of W all Street spread their net, and
the Party Bosses do the “driving in.”
How natmal it is to see Macune,
Livingston, Ren Terrell, J. Fount
Tillman anfe die Economist go softly
and slyly over to the side of the dri
vers and di’igently “shoo” the game
into the
So far as the Senate is concerned
the drive hila been successful. The
matter is noW before us in the House.
The lobby is, here in force. Cleve
land’s orders have been issued. Wall
Street is confident of victory.
We shall see.
T. E. W.
THE SCALPING KNIFE.
Gen. John Black is one of the
National leaders of “the dear old
Democratic Party.” He draws SIOO
per month from the patient Tax
payer because he, the said Black, is
a “mental and physical wreck” and
totally unable to work.
Under Cleveland’s former admin
istration he drew $5,000 per year
from the patient Tax-payer as Com
missioner of Pensions, and under
Cleveland’s next administration he
will draw $5,000 per year as Con
gressman.
This shows how artistically the
Democratic Bosses operate on the
pockets of the patient Tax-payer.
One of their national leaders loots
the Treasury of SIOO per month on
the ground that he can’t work and
$416 upon the ground that he can.
* * *
Wm. E. Davis, of Indiana, draws
a Pension of sl9 per month upon
the ground, substantially, that he is
deaf in one ear and cannot hear
good out of the other. Yet he gets
SI,BOO per year for adjudicating ac
counts and running the Telephone—
he’s a Democrat, of course. A man
who can loot the Tax-payer of sl9
per month because he cant hear and
of $l5O because he can has all the
qualifications for success which are
considered necessary in “the dear
old Democratic Party.”
* * *
Thomas Jefferson, the Democrat
of the People, rode on horseback to
the Capitol on the day of his inau
gural, hitched his “critter” to the
fence, walked into the building al
most unattended, took the oath with
out ceremony and then quietly
buckled down to administrative work
without any tomfoolery of any sort.
Grover Cleveland, the Democrat
of Wall Street, is to ride down Penn
sylvania Avenue in the finest turn
out ever seen in America. Four jet
black horses will draw his Majesty
along the triumphal march. White
harness, blazing with silver, will
ornament the horses, and at the head
of each will walk a footman clad in
livery after the manner of English
Royalty.
Every effort will be made to make
the occasion resemble the crowning
of a King.
Thus we are aping Monarchy.
How long will it take us to realize
that the people no longer control
this country ? The Corporations are
its Feudal System, the Millionaires
are its Aristocracy, the Trusts in
Finance and trade are its Monarchs,
# * *
Shortly after the Congressional
Elections of 1890, the Atlanta Con
stitution wrote to each of the new
Members for an expression of opin
ion on the Silver and Tariff Ques
tions.
All of them wrote articles favoring
Free Silver and “Tariff Reform.”
Mr. Livingston was especially
lengthy on Free Silver. He went
into a long and prosy account of the
way in which Ernest Seyd came
over here and bribed Congress to
legislate against Free Silver in 1873.
Sunday last, Feb. 19, 1893, this
same man, Lothario F. Livingston,
the frisky member of Gideon’s Band
who represents the Democrats of the
Atlanta District, was up to his arm
pits in a secret intrigue having for
its ultimate purpose the same result
as Ernest Seyd accomplished.
The English Bankers are evidently
learning a lesson. Instead of hiring
Boodlers to cross the ocean and
bribe Congressmen, they go to the
Congressman himself and thus save
the expenses of “the Middle Man.”
I suppose it comes cheaper.
I have a profound pity for the
farmers who elevate such men as
Livingston and Macune, and who
are then sold out by them to Wall
Street.
Both of these men a few years
ago were obscure, unimportant and
without means. The farmers trusted
them and promoted them to in
fluence.
This influence became a valuable
commodity in the political market.
It is always so. Only an honest
man can resist the te ptation to soli
the commodity and j n the price.
Nether nor Macune
were honest. Therefore when the
political influence was theirs and a
high price was offered they sold out.
At the start the Farmers were
poor, just as Livingston and Macune
were poor. Now how does it stand ?
The Farmers are still poor while
Livingston and Macune are rich.
Does either of these men now talk
Sub-Treasury? Not much.
Does either demand National
Banks and clamor for Free Silver?
Not much.
The one has sold the Farmers’
Organ to the deadliest enemies of
the farmers, while the other sneaks
around Washington to secret Cau
cuses doing the dirty work of Ernest
Seyd.
Our people are very patient. Ex
ceedingly patient. Wonderfully
and surpassingly patient.
If the crimes against humanity,
justice and honor which I have seen
committed insolently and openly here
by professed friends of the people
continue to go forward unchecked
by warnings, the day will inevitably
come when the long enduring masses
will rise in a burst of uncontrollable
wrath, and such men as Livingston,
Macune, Terrell and J. Fount Till
man will cry aloud for mountains
under whose eternal cover they can
hide their guilty heads.
T. E. W.
MR. VILLARD’S RAILROAD.
Since the statement is published
that Mr. Villard was the largest in
dividual contributor to the Demo
cratic campaign fund, his plans and
political purposes become a matter of
great concern to the people. It is
believed that he suggested the taking
of Gresham into the Cabinet, as a
step toward securing a judge more
friendly to the railroad corporations.
The papers have also stated that it
was his influence that prompted the
name of Michael H. Smith, Esq., as a
suitable administrator of the Interior
Department, where a friendly hand
would be peculiarly acceptable in the
adjustment of differences between
the government and the Northern
Pacific railroad, growing out of land
grants.
The people ofj the country learn
with peculiar interest that a special
committee appointed at the last an
nual meeting of the Northern Pacific
railroad think that it is high time
that there is a shakeup in the affairs
of that corporation. Mr. Villard is
chairman of the board of directors,
agent for the German bondholders,
and an autocrat in the management.
While he has been in Washington
trying to make the bonds more valu
able by prescribing exclusive gold
payments, the said committee has
been preparing and publishing its re
port. The following synopsis is
given to the press:
The reason why the officers refused
for a long time to give up a list of stock
holders to whom to send the report was
that the officers demanded the right to
see the report and revise it before it was
sent out. They wanted to issue an an
swer simultaneously. The officers finally
yielded without conditions.
The committee says that it is entirely
opposed to the proposed sale of $7,000,-
000 St. Paul and Northern Pacific stock,
now in the Northern Pacific treasury, in
order to pay oft the floating debt. The
treasury is nearly stripped of its assets
and this will take away the most valu
able that now remains. It will set free
the bonds that are now pledged for the
floating debt and leave the latter at the
disposal of the management, which is
regarded as questionable policy. It
leaves the present officials free to pursue
their alleged ruinous policy and incur
further liabilities.
They report that they found the physi
cal condition and equipment excellent,
although the large reduction in opera
ting expenses during 1892 had given
rise to the suspicion that the property
might have been “skimped” in order to
make a favorable showing.
Here are several extracts from the re
port :
“The committee cannot understand
why the Northern Pacific Railroad Com
pany should be running a hotel in Win
nipeg, and they were unable to discover
property which would represent ade
quately the $750,000 issued by the Ter
minal Company, for which the Northern
Pacific is responsible.”
The capitalization of the Coal Trust
seems to be excessive, and the arrange
ment between it and the railroad com
pany obectionable, not only on account
of the capitalization, but because the
railroad derives ultimately, in spite of
the money received as above stated,
much less proportionate advantage than
the stockholders of the Trust, some of
whom are prominently connected with
the management of the railroad com
pany and were so connected at the time
of the consummation of the arrange
ment. If the road had been built and
the contract for coal had been made
with exclusive regard for the interests
of the Northern Pacific company, the
latter would have been benefited to a
very much greater extent.
Inasmuch as the present deplorable
financial condition of the Northern Pa
cific company is due more than to any
other one cause to its assumption of the
burdens of the Wisconsin Central system,
it is only proper that the facts should be
clearly stated. The desperate condition
of Wisconsin Central affairs is shown by
the deficit of nearly $1,000,000 in its op
eration since the lease was made, and
this loss has been incurred in spite of all
the business the Northern Pacific could
throw over Its lines and all the benefit
its influence could give. The figures
quoted show that if the Northern Pacific
had not assumed the burdens of the
Wisconsin Central after it had leased the
Chicago and Northern Pacific the Wis
sonsin Central would have been hope
lessly bankrupt.
The course of the Northern Pacific-
Wisconein Central directors is a menace
to all stockholders, and if such proceed
ings are to be tolerated railroad stocks
will have a more speculative value than
mining shares, and railroad management
will be everywhere discredited. A some
-1 what similar case is now before the
courts and it will be well for Northern
Pacific stockholders to watch the result
of the trial.
It is high time for stockholders to call
a halt and see whether they have any
rights. If the present management will
not give prompt assurance that its reck
less course shall be stopped at once, and
an end put to the incurring of new lia
bilities and losses, it would be wise to
appeal to the courts for protectioa.
The committee makes a point of a
clause in the lease of the Wisconsin Cen
tral which “gives the small coterie above
referred to the power to postpone indefi
nitely dividends on the preferred stock.”
The people of the United States
have an interest m the Northern Pa
cific. They hold a mortgage on the
property, and in less than three years
that mortgage will become due.
They seem to have been forgotten
in the matter. Will they stand idly
by and have their rights ignored ?
thFiieal masters.
The French corporation of canal
builders, who did not dig the Panama
canal, certainly had bribery reduced
to a science. Their experience at
home set them up as masters when
it became necessary to open shop in
this country.
A committee of Congress has in
vestigated with a view to discovering
if the report was true, that a large
sum had been disbursed to influence
the position of the American Govern
ment, and the testimony developed
is so strong as to destroy doubt that
the charge was true.
To start with, the Hayes adminis
tration was in charge. The Secre
tary of the Navy was Mr. Thompson
of Indiana. The President took
occasion to call to the attention
of Congress that the construction
of the canal was probably in viola
tion of the policy of this government
as set forth in the then honored Mon
roe doctrine, and suggested an in
quiry along that line. A resolution
of inquiry was accordingly introduced
by Mr. Crapo. Suddenly Mr.
Thompson resigned as Secretary of
the Navy to engage in a more lucra
tive business. The resolution of in
quiry slumbered in a committee pig
eon-hole, and it has since been the
practice for statesmen to announce,
as did Senator Morgan recently,
that “not a shred of the Monroe
doctrme remains.”
When the recent developments in
relation to the wholesale boodhng in
France came to light, it was discov
ered that a large fund had been dis
bursed in the United States. Some
was traced to the metropolitan news
papers, but an immense sum was not
accounted for. Ths present Con
gress has taken the flatter up, and a
committee has taken testimony in re
lation to the charges.
The sagacity of the French led
them to headquarters with their
money. They had learned who are
the masters of this country, and went
at once to the bankers with the
boodle. The following editorial
synopsis of the testimony of Banker
Seligman is worthy of a rigid analy.
sis. A daily paper says :
In his evidence before the House In
vestigating Committee, Mr, Jessie Selig
man, the New York banker, testified
that the sum of $7,500,000 was to be
paid by the Panama Camd Company to
J. W. Seligman & Co., Drexel, Morgan
& Co. and Winslow, Lanier & Co. as
“salary for services.'’
The committee was too considerate to
press so distinguished a gentleman with
many embarrassing questions, but there
is no doubt that the “services” required
of them were to control Congress, and
the fund intrusted to them as salary for
this service was what is commonly called
a “slush fund.”
This arrangement was subsequently
modified and the “American committee”
received for its share of the swag 6,000,-
000 frances in annual installments of ono«
million.
The testimony does not show who be
sides the committee shared this money*
Mr. Seligman said incidentally in his'
testimony that he “always looks out for
his friends,” and it is supposable that a
man of his wide acquaintance has
friends on the committees of Foreign
Affairs in the House and Senate. On
that very delicate point few of us are
likely to know more than we kndw al
ready, as it is a part of the courtesy of
Congress not to pry too closely into suck
matters when they affect the
and emoluments of a brother member. 1
When asked in a very delicate way
how it was expected that he would Se
cure the non-interference of Congress
in return for the money paid him as
salary for his services, Mr. Seligman,
answered with equal delicacy that it
was supposed that a bankmg-house with,
influential connections throughout the
country would be able to influence pub
lic opinion—as indeed it might.
People who admire greatness as it 13
displayed at Washington may get
this same idea of how great men who
are elected to Congress paupers can ac«'
cumulate large fortunes here in a com
paratively short time. Such tilings may
happen as a result of the methods by,
which banking-houses with influentadalJ
connections throughout the country in
fluence public opinion when earning
their salaries as distributors of educa
tional information.
It seems that the total expendi
tures in this country footed up over
$65,000,000. The banking houses
mentioned got $50,000 a year for
eight years, and ex-Secretary Thomp
son got $24,000 a year as a sort of
general overseer. For materials and
supplies to be used in construction,
$40,000,000 was paid out. The con
trol of the Panama Railroad Com
pany, through stock purchases, took
$40,000,000 moie—the Monree doc
trine knocked silly again.
The wisdom of the French in tak
ing into its pay the three greaVbank
ing bouses is apparent at once. As
by-standers in the game of
politics, the foreigners saw where the
real power is lodged m this country*
There is little doitbt that the bank
ers in three-fourths of the Congress
ional districts can defeat any aspirant
for Congressional honors who may
bob up, and there is less doubt that
the banking houses employed can in
fluence the political conduct of cor
responding banks in every part of
the country.
The Monroe doctrine is in tatters.
These bankers tore it to shreds, un
der pay of foreigners. That’s a big
item in the story of the great Panama
crimes.
HONORING THE VICE-PRESIDENT,
The newspapers say that Vice-
President Morton was honored the
other day as none of his predeces
sors had ever been. It seems that
the Senators gave him a big dinner,
each Senator paying for his own din
ner and putting in 15 cents for the
Vice-President’s grub. As Mr. Mor
ton has had to scuffle along on a
small salary for the last four years,
helped out by an income on some
thing like $12,000,000 invested in
banking in New York and London,
this graceful way of supplying him a
dinner was most commendable. It
brings to recollection the story of
the Roman hero who was rewarded
with the price of one dinner from
each citizen. Also of the fact that
a purse was made up in Atlanta a
few days ago, where 130 people con
tributed the price of a dinner in
honor of a Cabinet-officer-to-be, each
to eat what he had paid for. Trouble
in the honored individual’s bank
broke up the proposed treat.
Wouldn’t it be a good scheme to
turn the money over to the bank
depositors ?
LAWYERS IN IT.
The President-elect is a lawyer.
Every member of his Cabinet is a
lawyer except Dan Lamont. Dan is
a stenographer, an editor, a lawyer’s
clerk, confidential secretary, or a
capitalist—one or all of these. He
will manage the soldiers.
Bill McKinley, of McKinley Bill
fame, having gotten on the wrong
side of some financial enterprises,
his friends in Ohio have started a
popular dollar subscription in his
behalf. The sum needed is nearly
SIOO,OOO to put the Governor in as
good financial plight as before he
suffered collapse.
