Newspaper Page Text
Gold/
Silver
and Nickel
Watches
PREMIUMS.
i. For io subscribers and
$lO, a
NICKEL WATCH
of handsome design, which will
render good service. Gents
size.
•2. For 20 subscribers and
S2O, a
SOLID SILVER WATCH.
Beautiful design and workman
ship. Swiss imported. La
dies’ size.
3. For 40 subscribers and
S4O, a beautiful gold filled
HUNTING CASE WATCH.
Gent's size. Elegant work
manship to us for
ten years.
4. For 50 subscribers and
ss°, a
SOLID GOLD WATCH,
with gold hands. A perfect
beauty. Swiss movement. La
dies’ size.
5. For 60 subscribers and
S6O, a
SOLID GOLD WATCH,
Ladies’ size. American move
ment. Elegant design and
workmanship.
GOLD AND SILVER.
PLAN BY WHICH TO KEEP THEM
AT A PARITY.
The Plan Formulated by Millionaire
Benedict and Stamped With the
Admiuistration’s Approval.
From the Saint Louis Republic.
A very interesting and important
pamphlet was circulated to-day by
Dow, Jones & Co., proprietors of the
JPcfZZ Street Journal, containing what
purported to be the financial policy
of the Cleveland administration.
The article was prepared by Mr.
Henry M. Benedict, a retired busi
ness man and careful student of
financial questions. He is a brother
of E. C. Benedict, and the plan he
gets forth has been credited to E. C.
Benedict until to-day. Briefly, the
policy of the new administration as
outlined by Mr. Benedict is to estab
lish a reserve fund to maintain the
parity of gold and silver so as to
keep all the money of the Govern
ment on an equality.
It is further proposed to gradually
Wire the legal tender notes, stop
issuing Treasury silver notes under
he Sherman law and provide for
pper currency based upon actual
oin placed on deposit with the Gov
ernment, there to be no paper cur
rncy whatever except coin cer
ticates, which are to represent so
ruch money held by the Govern
ment.
The plan provides for the sale of
30,000,000 of bonds yearly with
viiich to retire the existing paper
n>ney, the same to be continued for
1' years.
Mr. Benedict’s statement in detail
isis follows:
)ur paper money is contrary to
th letter and spirit of the constitu
te. It was issued as a tool of war,
art should be made to disappear
will the passions of the conflict.
Th time to regulate the value of
ou silver money has come. Two
reiedies have been proposed :
1 Free coinage to put the market
pri« of silver bullion up to its coin
age/alue.
2To form a union with other
natns in an agreement on a com
ma ratio.
Either of these plans is feasible.
Tljhply wa y t 0 ma i Qta i n the pur
cLasa va^ue °t silver dollar on
front""* JV‘ h , that of the So l?,
it wne “equivalent
it was extremely rare tha» be naid in
- rose to distinction. j differ
e of
PEOPLE’S PARTY PAPER. ATLANTA. GEORGIA, FRIDAY, MARCH 17. 1893.
To Getters Up Os Clubs.
As compensation for those who get up clubs or lists, The
People’s Party Paper has provided a number of Premiums,
as follows: .
For two full paid annual subscribers, one copy of Dunning’s
Philosophy of Price.
For three full paid annual subscribers, one copy of Mr. Wat
son’s book, Not a Revolt; It Is a Revolution.
For ten full paid annual subscribers, a Watch, as described
elsewhere in this paper.
Five or more annual subscribers, where no other premium
is given, 75 cents per name will be accepted in full payment
for one year.
For fifty subscribers and SSO we will send an Elegant
Watch, with double case, gold filled and beautifully chased.
The movement is standard. The watch will give the highest
satisfaction.
For one hundred full paid annual subscribers, one first-class
Sewing Machine, described elsewhere in this paper.
For the largest list of full paid annual subscribers sent in
during each week, a fine open-face Watch with rich porcelain
dials, fancy flowers and figures, stem wind and stem set, solid
nickel cases, which wear white and do not tarnish, fitted with
the celebrated Victor jeweled movement, three-fourths plate
nickel compensation balance, Chopord’s durable patent stem
winding attachment, inside glass case protecting movement.
Will keep acurate time. Remember, you do not have to send
us any certain number, but the one sending us the largest full
paid list will receive the watch.
HON. TOM WATSON’S BOOK.
Contains 390 pages. Its Title—
“ Not a Revolt;
It is a Revolution.”
This is a Manual of the People’s Party, and contains—
A Digest of Political Platforms since the days of Jefferson,
A History of all Political Parties,
Os the National Bank Act,
Os the Legal Tender Notes,
Os the Demonetization of Silver.
Os the Way Tariffs are Made. [Lands,
Os the Squandering of Public
Os Tammany Hall, Os the Pinkerton Militia,
Os the Alliance Platforms,
Also, speeches of the “ Nine ”at the last session. Also, a synopsis
work of the last session.
The Book should be in the hands of every Lecturer, Speaker, Editor
and Voter.
PRICE REDUCED TO FIFTY CENTS.
the silver dollars and the bullion
value of the silver contained therein.
All profits hereafter received as seig
niorage on the coinage of silver to
be paid into this fund, which is to be
kept intact, the equivalent being
adjusted each year on the average
price of silver bullion during the
preceding year.
To establish an equivalent in the
fund at the present time requires
about $140,000,000.
Place it in the fund:
1. The United States notes—re
serve—sloo,ooo,ooo.
2. The seigniorage profit derived
from coining silver bullion held for
Treasury notes under the act of 1890
(the Sherman act), $24,000,000.
3. Free gold in the Treasury at
present, 64,000,000.
There is thus in the Treasury al
most a sufficient sum to establish the
fund. The difference can be acquir
ed without difficulty from the reve
nues or by the sale of bonds.
The inventory valuation of United
States property is stated at 860,000,-
000,000 of which there is:
G01d—5656,000,000.
Silver—6sß7,ooo,ooo.
T0ta1—61,243,000,000.
The United States can gradually
obtain and hold double this amount
of the precious metals of necessary.
The commercial value of the gold
and silver product in the United
States in 1891 was over 890,000,000.
The United States can stand the
struggle for gold and maintain its
equilibrium.
The way to retire and cancel all
paper money is prepared by the gold
and silver certificates in use, which
are merely “warehouse receipts” for
money deposited with the Govern
ment. The following is the method
proposed for dealing with this paper
money now existing :
Treasury Notes—Amount issued
February 1, $128,000,000. Under
the operation of the equivalent fund,
coin and bullion, retire the notes, is
sue silver certificates instead and
place the seignorage profit in the
fund.
United States Notes—s332,ooo,-
000. Sell $20,000,000 United States
bonds per year and apply the pro
ceeds to retire and cancel United
States notes. In 16 years its place
as currency will be filled by the issue
of silver money. Place the SIOO,-
000,000 reserve in the equivalent
fund.
National Bank Notes—sl6B,ooo,-
000. This money is not the money
of the Constitution and has been a
very expensive one to the people of
the United States. The national
banks have received as interest on
bonds deposited to secure circula
tion over $250,000,000 in 25 years.
With the maturity of the bonds in
1907 their power to issue will end
unless new legislation is obtained.
It should not be given. Silver money
fortified by the proposed “fund” will
make the best reserve possible for
moneyed institutions and they should
be prepared to receive from deposi
tors this money as it gradually takes
the place of paper money in the chan
nels of trade.
If existing institutions will not
grant the facilities others will be or
ganized and take the business of de
positors. No new burden will be
added by the adoption of the plan to
that which exists at present in main
taining specie payments and main
taining the legal ratio of gold and
silver in the coinage. The plan will
diminish the burden in the exchange
of six hundred millions of silver
money for six hundred millions of
paper money.
Silver money has an intrinsic gold
value of two-thirds its face value,
and the seigniorage profit in stamp
ing it will make up the other third.
A decline in silver bullion below the
price paid for it is provided for in
the equivalent fund. Silver money
carries with it in the operations of
this plan its own resources for con
version or redemption in a gold
equivalent.
The purchase of gold by the Treas
ury will bring back any loss of re
serve in the fund, and stop foreign
shipments until the purchase is com
pleted. The domestic demand for
gold is small except in panics, which
will not reach the equivalent fund.
The plan will therefore lessen the de
mand for gold at the Treasury.
The United States can maintain its
silver money equal to gold to any
amount that Congress may authorize.
It is wise to maintain the present
ratio, and push forward the substitu
tion of silver money for paper money
as rapidly as possible while the price
of silver is so low, saving up the
seigniorage profit in the fund instead
of increasing the ratio in the coins.
The free coinage silver advocates
will find in this plan a larger outlet
for silver accumulations in the next
ten or fifteen years than it is possible
to obtain by any other method short
of absolute free coinage. At the
termination of the time necessary to
complete the plan the money of the
United States will consist entirely of
gold and silver coin, the certificates
in use being receipts for coin deposits.
It is fair to predict that the future
price of silver will be advanced by
the increase in its coinage, according
to this plan, and that the amount in
the equivalent fund will be reduced
from year to year and the gold re
serve proportionately restored to the
Treasury.
The result may be that the nation
will have obtained its silver money
and kept it equal to gold at an appa
rent temporary loss, but at an ulti
mate large profit. If by international
arrangement the price of silver bul
lion should advance meanwhile to its
coinage value the seigniorage held by
Book Premiums!!
1. Strickland Stories from History.
For two subscribers and $2.00.
2. Dickens’ History of England.
For three subscribers and $3.00.
3. Robinson Crusoe.
Beautifully Illustrated.
Arabian Nights.
Beautifully Illustrated.
Brown’s History of the. United States.
Profusely Illustrated.
Byron’s Poems.
Illustrated.
Scott’s Poems.
Illustrated.
Tennyson’s Poems.
Illustrated.
Shakespeare’s' Works.
Illustrated.
Moore’s Poems.
Illustrated.
Your choice of the foregoing for four subscribers and $4.00.
4. Mark Twain’s Celebrated Works:
Tom Sawyer.
Illustrated.
Huckleberry Finn.
Illustrated.
The Prince and the Pauper.
Illustrated.
Your choice of the above for five subscribers and $5.00.
5. Ridpath’s History of the United States.
Large 800k—765 pages. Profusely Illustrated.
Ben Hur: A Tale of the Christ.
This celebrated work has been sold by the thousand.
How “the Other Half Lives.
A wonderfully powerful description of the life of the poor in New York.
Beautifully Illustrated.
Progress and Poverty.
Henry Goorge’s great Book.
Your choice of the foregoing for six subscribers and $6.00
6. Macaulay’s History of England.
Gibbon’s Rome.
Life of Napoleon Bonaparte.
Large Book. Profusely Illustrated.
Northrop’s French Revolution.
Magnificent work—72s pages. Illuminated cover and beautifully
Illustrated.
Select Waverly Novels.
George Eliot’s Novels.
Dickens’ Select Novels.
Your choice of the above for ten subscribers and SIO.OO.
Address always
PEOPLES PARTY PAPER, Atlanta, Ga.
the Treasury could be equitably ap
propriated for other purposes. Mean
time the fund will contain in gold the
difference between the bullion value
and the face value of all silver coin.
The subsidiary silver need not come
under the operations of the plan.
It is said that this is Mr. Carlisle’s
plan, and that it has been endorsed
by Mr. Cleveland.
Panama Discoveries.
The more the investigation of the
Panama accounts progresses, the more
clearly it appears that every one con
nected with the management, exc 3pt,
perhaps, the enthusiast who wa at
the head of it, swindled the invest >rs.
Some of our own fellow-citizens be
sides the well-paid members of the
American Committee made enormous
sums of money out of the company.
The examination has shown thus fa/
that there was spent for “ real and
alleged work and supplies ” 462,820,-
084 francs. Os this the American
Dredging Company received more
than 69,000,000 francs, nearly $14,-
000,000. For this vast expenditure
no voucher exists, and the items of
the accounts cannot be explained
The management of this scheme was*
the greatest swindle of the age, and
a good deal of the blot rests on this
country.
RICH MEN PARADE.
Wealth of the Guard of Honor Esti
mated at $250,000,000.
New York World.
Washington, March 4.—lt was
while the ceremonies in the Senate
Chamber were in progress that Joseph
J. O’Donohue was to marshal the
New York Business Mens’ Cleveland
and Stevenson Club, which had been
selected to act as a guard of honor
to the President on his ride to the
White House. Mr. O’Donohue gath
ered the members under the covered
driveway at the Senate wing of the
Capitol and called the roll. It was
a long list of millionaires. An in
genious gentleman with a faculty for
figuring announced that the 108 men
who answered to their names were
worth $250,000,000. There were
representatives from the Iron and
Metal Exchange, the Stock Exchange,
the Coffee Exchange, the Custom
House brokers, the West Side mer
chants, the Consolidated Stock and
Petroleum Exchange, the hide and
leather trade, the Produce Exchange,
the wine and spirit trade and the big
life insurance companies. The mil
lionaires had a good, long, shivering
wait of it, and they got even with
Mr. O’Donohue by making sarcastic
remarks about the New York Col
lectorship.
Agricultural Exports.
Dr. M. G. Ellzey in National Watchman.
Last year the exports of the United
States were vast—almost beyond
comprehension; greater than ever be-
fore in any one year. They amount
ed to the prodigious gold value of
$1,060,278,030. Os this total, agri
culture supplied $793,717,676 —78.1
per cent of the grand whole. What
a figure would our commerce cut
without the products of agriculture.
The balance of trade would be against
us by a sum greater than all;the gold
in the country. What a grand show
ing for that great business which is
the basis of all prosperity. And yet
many millions of gold has gone out
of the country in excess of imports
of that metal. The balance of trade
in commodities has been largely in
our favor. Why has our gold gone
out from us ? There is an unknown
quantity in this trade balance, to-wit,
the dividends, rents and profits on
foreign investments. Why, then, do
those who pose as financial experts
ignore this great factor in the inter
national account? It is the sum of
these rents, dividends and profits
which, in addition to the imports of
foreign goods, overbalance our
enormous export of commodities and
drains away our gold. The Treasury
of the United States collects these
dues of foreign investors free of cost
through its monetary system. The
American agent receives a check for
these profits, which yields him gold
certificates at his bank. The gold
certificates draw gold at the United
subtreasury in New York, and
the gold is.shipped abroad to the
foreign investor. This is the reason
why gold goes from us after the vast
product of agriculture is exhausted.
It is thus that these gold certificates
ara the “cut-worm” of the United
Stites Treasury. In face of declin
ing j prices, already below or perilously
near the cost of production, and in
thej face of the consequent depression
of all agricultural enterprise it can
not be hoped that American farmers
can continue to even half feed and
half, clothe our own multiplying mil
lions, and yet send abroad against
our f( reign account so vast a credit
as nearly $800,000,000. How large
a part' of this vast food supply is
taken c ut of the mouths of our hungry
and hoiw much of this enormous bulk
of cloth ing material is taken off the
backs of the needy in our own coun
try to go abroad to balance the stu
pendous) international accounts of
merchants and speculators no man
can tell. Any man in possession of
his faculti'es must know that our in
dustries, more than all, the vast
agricultural industries, cannot expand
as these foreign obligations expand,
but must sirrink and dwindle in the
face of such", a situation.
A lauffian’s Reward.
Virginia Sun. k
Mr. Hoke irmith, editor of an At
lanta newspaper, has been appointed
Secretary of (the Interior by Mr
Cleveland. Thiis is the Hoke Smith
who, when Geikeral Weaver was in
Sewing
Machine
Premium.
For 100 yearly subscribers
at our regular price of One
Dollar each, we will send to
Club Raiser
A FIRST CLASS
SEWING MACHINE
DELIVERED FREE OF COST.
Sail in girls, boys, men and
ladies—raise a club and make
the Home happy with the hum
of a Sewing Machine which
will save the back and shoul
ders and eyes and fingers from
many a heavy hour of toil and
pain.
Are you alive ? If so prove
it by hustling right out, raising
up this club and thus making
your good wife or gentle sister
a present of a handsome Sew*
ing Machine.
GOLD WATCH
Premium
For 50 subscribers and SSO, we will
send to the club raiser an
ELEGANT GOLD WATCH,
With double case, gold filled and
beautifully chased. The movement
is standard. The Watch will give
the highest satisfaction.
Get up a Club.
Georgia, set on foot a Ruffian Bu
reau to mob him and drive him out
of Georgia. Mr. Hoke Smith printed
the most rascally, brutal, lying ac
counts about General Weaver and
his treatment of the Southern peo
ple. Mr. Hoke Smith hired his ruf
fians to break up General Weaver’s
meetings all over Georgia, wherever
they could. These ruffians, in pay
of Mr. Hoke Smith, followed Gen.
Weaver and incited riots wherever
it was possible, by throwing rotten
eggs and other unlawful and dis
graceful acts, thus defying free
speech. Mr. Hoke Snrth’s agents
followed General Weaver to Vir
ginia, but when they wei there in
formed that General Wea* er would
be protected they desisted and re
turned to Georgia. Now Mr. Hoke
Smith is rewarded for his ruffianism
by an appointment in Mr. Cle\ eland’s
cabinet.
Remember Paul’s injunction ’ “Be
diligent in season and out of sea on.”
That’s the way to get there.
Women and the law.
The marriage property laws will has ?
to stand revision. They present an in
teresting study. There is nothing dull
or somniferous about them if you hap
pen to run up against them, and nothing
proves up like an object lesson. When
a woman runs up against the stone wall
of the law, it hurts, but when her eyes
open again after the first stunning effect
is over she sees better than she did. It
is only because men are better than the
laws that women know so little of the
law. But when law countenances the
fact that a man has a right to own every
thing his wife has, from her frizzes to
her shoe laces, it’s a good thing to get
right down to the facts and acknowl
edge it.
The dignity of the law is interesting to
contemplate. The men made the laws,
and then they represented justice by a
woman with a bandage about her eyes.
The analogy is absolutely ghastly in its
correctness. They have hoisted this
travesty around on monuments and
courthouses about long enough. It’s
time the women chopped her down.—
Montgomery Advertiser.
Vigorous Vienna Women.
The “maidens of Vienna” are not quite
so well accustomed as their American or
English sisters to the existence of bach
elors’ clubs. A club of that kind was
lately formed in Vienna, to the great in
dignation of the ladies, who regard it as
their mission to prevent celibacy becom
ing too popular. The unlucky members
were threatened with all manner of boy
cotts by their fair friends, and to such a
condition of terror were they reduced
that not a man could be found to accept
the presidency of the club.
Not satisfied with this victory, the
young persons of Vienna have gone in for
a counterblast in the form of a spinsters’
club. But this verein will not be so self
ishly exclusive as that formed by the
men. Gentlemen are to be admitted to
it upon occasion, for, as the lady presi
dent candidly admitted at the very first
meeting, the object of the club is to “bring
about the speedy and happy marriage of
its members,San Erancisco Argonaut
3
