The People's party paper. (Atlanta, Ga.) 1891-1898, December 08, 1893, Image 1

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The People’s Party Paper VOLUME 111. BEFORE AM) AFTER TAKING. Mr. Carlisle’s Widely Diverging Opin ions of the Silver Question. From the New York Recorder. Secretary Carlisle’s speech the other night before the chamber of Commerce has set all the gold standard parrots of the press to screeching in his honor. If there was a single spark of political honesty in these newspaper eulogiHs of Mr. Cleveland’s turn coat Secretary of the Treasury, they w6uld be . • <aniL. dishgurc U r columns with the stuff they are printing about his “great speech.’’ In order that this tribute of press todayism to political turncoatism may be appreciated by the people at its proper value. lam going to let the John G. Carlisle of other and honestcr days answer the John G, Carlisle of last Tuesday night. It is a saddening, well-nigh dis heartening reflection on the standard of. sincerity prevailing among our later statesmen that’a leader of Mr. Carlisle’s caliber and rank should he found willing to stand up before a company of representative bankers and merchants of the city of Now York, “all honorable men,’’ and make a meal of all his utterances »nd professions on this great ques tion prior to his acceptance of the treasury portfolio under Mr. Cleve land. 1 Invite both the orator and the auditors of Tuesday to gaze a mo ment into the looking-glass of history and see the contrasted faces of the 'wo Carlisles: Carlisle No. 1. | Carlisle No. 2. 1878. i 1893. ‘ I know that the “It is enough to world's stock of pre-jsay at present that Hous metals is noneiwe have already too large, and I see on hand a stock of no reason to appre silver, coined and h' nd that It v. ill evcr'uncoined.sufficient aK. i ‘.vliiiiO in u t v aii viie lie fortunate indeed,probable require lf the annual produc- ments of the coun - tion of gold and sil- try for many years ver coin shall keep to come. pace with the annual " * increase of popula- ‘‘Gold is the lion, commerce and only international industry. According money, and all to my views of the trade balances are subject the conspi- settled in gold, or racy which seems to'which is the same have been formedlthing, on a gold here and in Europe’basis, all other to destroy by legisla- forms of currency tion and otherwise being adjusted to from three - sevenths that standard. It to one-half the me-is useless for the tallic money of the advocates of a dif world is the most ferent system to gigantic crime of this insist that this or any other age. ought not to be so; The consummation of it is so, and we such a scheme would cannot change the ultimately entail tact. But the gold more misery upon the eagle and double human race than alljeagle are not ac the wars, pestilencesjcepted ata par fl nd famines that ticular valuation ever occurred in the'in these settle history of the world, ments simply be “ Tho absolute and cause the United i o st a n t a neous de- States of America struction of half the have declared by entire movable prop law that they shall erty of the world, in- be legal tender at eluding houses, ships, their nominal val railroads and other ue, but solely be- Rppliances for carry- cause the bullion Ing on commerce, contained in them, while it would be fcltjf uncoined, would more sensibly at the be worth every moment. would not where the same prod u c e anything amount.” like the pro lon zed distress and disor ganization of society that must inevitably result from the per-; manent annihilation • of one half the me : tallic money of the world.” ! The Mr. Carlisle who made the Wall street welkin ring the other night, and put the dinner at Del. jjmnico’s into such a frenzy of en thusiasm that they made the cutlery ou their twenty-dollar-a-plate tables fairly dance with delight, is the same Mr. Carlisle who was among the loudest-lunged leaders of the Con gress that passed the Bland silver remonetization act of 1878 over ] ’resident Hayes’ yeto. In his speech on that measure he declared its passage to be “the first victory won by the people during many years of warfare with the consolidated wealth of this and other countries.’’ “The consolidated wealth”—the twenty - dollar -a - plate banqueters were the people he had in mind theu—may •well applaud the Ken tucky convert to its gold-standard conspiracy. But “the consolidated wealth” un doubtedly despises and blushes for him even while it applauds. I will invite the twenty-dollar-a plate dinner party to just one more to A. 11 to None.” illustration of Mr. Carlisle’s patent reversible backaction opinions, as shown by the “deadly parallel Carlisle No. 1. Carlisle No. 2. 1878. 1893. “Our power of leg- “I think it may islation over this sub be safely asserted ject will not lie ex-1 that this country hausted by the pas-could not long sage of this measure maintain its pree (the Bland act which ent position as one restored the standard >f the most con silver dollar) and w< xpicuous and im ought not to halt foi iortant members a single moment ii »f the great com our efforts to com uunity of com plete the work of re- nercial nations lief inaugurated b vhich now con it. The struggle nov rols the trade of going on ‘anno he world unless cease, and ought nt e preserve a to cease, until all lb monetary system industrial interests o ub s t antially, at the country are full' east, in acecord and finally emanol- with the monetary pated from the heart- system of the other less dominion of syn principal nations, dicates, stock ex- *' * changes and othei u The 00 untry great combination? | aas recently heard of money grabbers in u grea t deal about this country and in j bimetallism and a Europe. Let us. il double standard, we can do no better. in j p j s possible pass bill after bill jtba t these subjects ambodying sveral oi wi n continue to be some one substantia)ldi scus6e d to some provision for relief, ! exten t in the fu and send them to the tU re. For mv part executive for his ap- q have nev er been proval. If he with- a ble to understand holds his signature. w ] )a t i s meant by and we are unable to, a double standard, secure the necessary l or double measure vote, here or else-’ of va i ne , and 1 where, to enact them have neV er found into laws notwith-: anv one w ho could standing his veto, let te q rae . To my us, as a last resort, mind it seems as suspend the rules ;ab9ur d to contend and put them into jthat there should the general appropri- be tw o different ation bills with the standards or meas distinct understand-! ures o f values as it ing that 11 the people! wou id be to insist Can get no relief the; upon. having two government can get 1 yardsticks of dif no money. ferent lengths or two gallons of dif ferent dim en - •s ion s. ” i deem it important to keep the contradictory Carlisles well before the popular eye in this ’way because this silver question is soon coming up again, in spite of the prediction of Carlisle No. 2 that it is “settled for ail time to come.” The plain for whom Car lisle No. 1 sp» ke when lie declared the gold conspiracy in which he is now a partner, would, if consum mated, entail more misery upon the human race than all the wars, pesti lences and famines that ever occur red in the history of the world,” still believe that to be true. They know it today better than ever. Enforced idleness is a groat educator. Hard times teach severe lessons, but they teach them thor oughly. The silver question >s only tem porarily shelved, not “settled for ail time to come.” The people who do not dine at twenty dollars a plate constitute a very largo majority of this nation. Lehigh’s Big Coal Strike. Buffalo, N. Y., Nov. 21.—Tied up tight with the prospects of trouble ahead. That is the situation of the Lehigh strike today. Freight cannot be moved from the East Buffalo yards, and the chances are that none will be moved for some time. Allentown, Pa., Nov. 21.—The strike situation here is growing more serious. Mail, express and passen ger trains are running very much behind time, and there is trouble to get them beyond the Lehigh division. Only local freights are running, no through western or New York freight being received or shipped from here. Wilesbarre, Pa., Nov. 21. — At noon today the general committee sent the following telegram to the officers of all branches of the railroad train men’s organization between here and Buffalo: “Wilkesbarre Lodge sends greet ing. We stand as one man from Buffalo to Mauch Chunk.” New Yoky, Nov. 21.—The strike of the Lehigh Valley railroad has extended to the passenger service, which is seriously crippled. Few passenger trains are running. Every thing is at a standstill in the freight yards at Commuinipaw this morning. Freight traffic is totally paralyzed. The company's officials profess to have sufficient new men to fill all vacancies. Eighty Thousand Virginia Populists. Richmond, Va,, Nov. 27.—The State beard of canvassers today can vassed the vote for Attorney General of the election held on the 7th inst., with the following result: Scott (Democrat), 130,501; Gravely (Pop ulist), 80,113; Kaigley (Prohibition ist), 6,510. The Legislature will stand as follows: Senate, Democrats, 23 ; Populists, 2 ; House of Delegates, Democrats, 80 ; Populists, 10 ; Inde pendents, 1. gJPittsburg, Pa., has 83 miiiiodaires. The number of paupers is judiciously withheld, lest some unthinking per sons should imagine the two classes were somehow connected. Ax ? <M>A, GA., FRIDAY, DJUUMBER 8, 1893. TOILERS STARVING. Miners in Danger of Dying of Cold and for Lack of Food. From the New York World (Democratic). Ironwood, Mich., Nov. 25.—While the suffering for the necessaries of life is great throughout all the iron mining towns of Lake Superior, that in Hurley, Wis., and Ironwood, Mich., two neighboring cities, is in more immediate need of relief. Governor Peck, of Wisconsin, will personally sup the distribution of goods which were liberally con tributed by the people of his State rwuwiwhiii *cr*R «■» immediately after his appeal being published. In Ironwood over five hundred families are receiving aid from the county, but their resources are ex hausted, and within a week over two thousand people will be forced to depend upon whatever aid may be received from more prosperous communities. The laws of Michi gan do not permit the bonding of a county for poor or general purposes, so that the Governor of Michigan had to be appealed to for a call upon the generosity of the people of his State. Ironwood has heretofore been a prosperous iron mining town of 12,- 000 inhabitants. The mines here have been closed down for about six months and the city has just passed through- an epidemic of ty phoid fever, which claimed 1,000 victims and caused over one hun dred deaths. Four thousand men are out of work. It was thought that Ironwood could care for its own poor until recent improvement bonds to the amount of ,8150,000 were sold to Coflin A Stanton, of New York, for $25,000 in cash and the balance in deferred payments. The city had also agreed to purchase its water plant from Hyde A Jackson, brokers, of New’ York. Difficulties arose durinij t ! .■ neemtiatior i a<.d ’ r vde '• Jackson attached the money due from Coffin & Stanton. This litiga tion has resulted in the city treasury being empty, and the merchants are unable to extend any further credit to the city or county. The snow here is • over three feet in depth, and the suffering M ill be great unless aid is immediately forth coming. Reports from Negaunee, Ishpeming and Crystal Falls also show great distress in these places, and it appears certain that fully twenty thousand people in the iron district will be obliged to depend upon private aid or die from the cold and starvation. Duluth, Minn., Nov. 25.-*-The annual tale of starvation and destitu tion among the Chippewas of the Fond du Lac reservation, twenty miles South-west of this city, is re peated this season with greater stress than usual. The reservation is close to the military town of Cloquet, and the Indians have usually been able to get work, if they wanted it, in the camps of the C. N. Nelson and Cloquet Lumber Companies. This year, however, they are doing so little that instead of 1,000 men as usual only about 250 are employed, and the Indians have no resources. LOOK ON THESE TWO PICTURES. il .Touey Easy. From the > c W ' ork World (Democratic). Monej was nominally 1a II per cent on call. Time money and mer cantile paper remain unchanged. Domestit exchange on New York is sc. pre mu m in Boston, 75c. premium in Chicago and ■. premium in St. Louis. The Sab-Treasury was $501,595 debt ’T/J the Clearing House. The natioi al hold. $15,194,018 gov? rt 1 .nt funds. The Treasury Depa. ti | ;i t yesterday lost $332,000, and ii‘. available balance is $97,277,- 086. Tie sum of $70,000 govern ment bo us was deposited with the Treasur Department to secure national bank circulation. * # The surplus reserve of the New \ ork C earing House banks has crossed ,tue seventy million dollar V■ * • mark j h ihe first time in the history of these ’nstitntions. They gained in cash last week $8,000,000 and, judging from surface indications, will adc. still further to their re serves before the close of the year. The question of how to employ the ’unprecedented supply of funds is the most r.rious one which now con fronts managers of our leading cor porate The supply of mercan tile pa; <. offering for discount —that is, of 1 ; kind deemed desirable—is hght affords only a small outlet for the money that has accumulated so rapidly for a couple of months past. 1 is difficult toqilace money on call < a any terms, and the rates for time loans have settled down to a basis that forces leaders to seek other fi Ids. To arrive at an under standing of the true condition of affairs Vn the money market it is necessai • to make a few compari sons. The banks have in round num bers $110,000,000 of cash, of which Over si : . r 1,000,000 is in specie. On 2 la.-l, whi' h was the low 8 A'ft-'..: <•' jP was in specie. had then $412,000,000 loans outstanding, and deposits of only $372,000,000. Now their loans are $405,000,000 and de posits $475,000,000. Never before, either in ordinary times or following financial and commercial panic?, has there been such a metamorphosis in bank conditions. THE PLETHORA OF MONEY. The Clearing House banks now hold nearly $71,000,000 surplus re serve—the largest on record—which they are unsuccessfully trying to lend at almost any rate of interest that anybody may offer. There is probably half as much more idle money in the hands of private banks and bankers. A month or two ago these banks could not get money with which to meet drafts from neighboring cities, and were working upon a system of high artificial credits designed to lake the place of money to the ex tent of scores of millions. Now their vaults are chocked with money that they cannot lend at any price. Both conditions are bad. Both mean detriment and .danger to the country. Under the one legitimate enterprises and the industries which give work and wages to men were crippled for lack of money with which to undertake their regular tasks. Ender the other speculation has every incentive to exploit itself in madness and chicanery. The one indicated want of confidence and universal hoarding. The other sug gests lassitude and an utter absence of business enterprise. A month or two ago no one dared undertake any great work requiring money, because money could not be had. Now money cannot find em ployment even at nominal rates, be cause nobody wants to undertake anv great enterprise requiring money. The situation is not local but gen eral. The enormous sums held by the New York banks do noi belong to New York, but to the whole country. The money has come from every quarter. It has come here simply because it could find no em ployment elsewhere and might earn some trifle of interest here. Plainly there was too little money in the country in Augu.su to meet the combined demands of business and panic. Equally plainly there is too much now for the needs that present themselves. Under a judicious finan cial system there would have been greatly more money in August and greatly less now. Our system makes no provision whatever for increasing the supply of currency in time of need, or for retiring any part of the surplus in the presence of a plethora. It is an irrational, unreasonable, unscientific and absurd system, which needs radical reconstruction from the foun dation up. SILVER IN THE SENATE. Condensed for the Literary Digest from Papers in the North American Review, New York. SENATOR WILLIAM M. STEWART, OF NEVADA. The circulation of money in every section of our vast domaiu is as essential to the health and growth of civilization as the circulation of the blood in every part of the human body is to health and 11 hh Contrac tion of the volume of money pro duces the same effect upon civilized society as strangulation does upon the human system. The first effect of contraction is stagnation in Hisi- and the first effect of strangu latYon is stagnation of the vital or gans. The ultimate effect of con traction is human slavery and barbar ism, as shown during the 1 )ark Ages, while the eighteen hundred millions of gold and silver coin, which existed at the time of Augustus, was being reduced to less than one hun dred aud fifty millions. During the past four hundred years, the supply of gold and silver from the mines has been continuous and more regular than in previous times, and, contemporaneously with the new supply of the precious metals, a new civilization has devel oped and progressed. The output of the mines has furnished a metallic basis of circulation, and kept alive a spirit of liberty, interprise, and inde pendence. In 1873, when the energies of the Luman race were in more active op eration than ever before, and when prosperity and progress were uni versal, a plan was devised to reverse (he current of human affairs, inaug urate a retrograde movement towards the darkness and despair of the Fourteenth Century, when the heart of civilization ceased to beat for the want of the vitalizing influence of a circulating medium: The bondholders determined to destroy one of the precious metals! Our own Coinage Act, reducing silver to the status of a subsidiary coinage, came into operation on lhe first of April, 1873. From that time until now, the American people have been anxious tv right that wruiN - , and restore ril »j- in the place V occupied as a money metal, previous to tnat uniort unate legislation. Concentrated capital in money and bonds has baffled ail efforts of the people to regain their constitutional rights, and restore the money which they had promised to pay. Every Administration has co-operated with concentrated to thwart the will of the people, enhance the val ule of money, and reduce the price of property and the wages of labor. The Bland Act was passed over a Presidential veto. The Sherman Act was a compromise with a hostile Executive ; and it is admitted by the leader of the gold monometailists in America, that the Sherman Act saved the country from financial panic in 1890. The financial disaster did not come from the operation of the Act of 1890. The financial distress of the last three mouths is the result of the efforts of the present Administration and its London and New York aiders and abbettors, to repeal the purchas ing-clause of the Sherman Act, and reduce the United States to the single gold-standard. All parties and ail platforms, since silver was demonetized, have declar ed in favor of bimetallism. No party dares go before the people with a declaration in favor of the single gold standard. Mr. Cleveland, in his letter accepting the nomination, used language w’hich the people un derstood, and which his party-man agers declared, to be a pledge in favor of restoring bimetallism by the legislation of Congress. If the ques tion of the repeal of the purchasing clause of the Sherman Act without a substitute had been submitted to the people by the Democratic Party in the last campaign, and Mr. Cleve land had been elected on such an issue, the silver Senators would not have attempted to resist the repeal. But the means used to secure the re peal of the purchasing-clause of the Sherman Act are equally fraudulent with the methods employed to de monetize silver in 1873, and much more cruel and oppressive. Under these circumstances, the silver Senators deemed it their duty, bv the exercise of the right of free speech, and free debate guaranteed by the Constitution and rules of the Senate, to make good their pledges to their constituents and resist the <zreat wrong which threatens their liberties. Every moment of time has been expended in earnest and legitimate debate. They believe that the passage of the proposed measure will reduce the United States to a financial colony of Great Britain, and deprive the people of the right, guar anteed by the Constitution, to mine and coin their own money. The success of Great Britain in making the world tributary to her, is alarming. When a motion was made in Parliament, last February, to reconvene the Brussels Confer- NUMBER lf> ence, Mr. Gladstone denounced it as supreme folly for England to con sider such a proposition, and he de clared, that the world outside of the United Kingdonj owed the United Kingdom as much as ten thousand million dollars. He argued, that the use of silver as legal-tender money to supplement gold, would depreci ate the value of the money which other Powers were bound to pay Great Britain, and would be in the nature of a bounty or gift which would be thankfully received, but which would not increase the respect of the world for the financial ability ox British statesmen. The position of the United States is different. We are a debtor nation, and not interested in enhancing the value of money. The one only obstacle to the abso lute rule of the bondholding syndi cate of London and New York is the silver Senators who dare to do their duty. But, whatever may happen— financial slavery, feudalism, poverty and misery, or financial indepen dence, prosperity, progress, and hap piness—the silver Senators are con scious that their cause is jast, and that, if justice be done, the cause u ill ultimately prevail. Children of the State. The Medical Times. Australia is a continent without an orphanage, a country without an or phan. Each waif is taken to a re ceiving house, where it is cared for, until a country home is found. The local volunteer societies canvass their neighborhoods, and send to the Chil dren’s Committee of the Destitute Board the names and circumstances of such families as they have found whore children may be placed. The Children’s Committee selects that home which it judges is best adapted to the development and care of the child in question. No child is placed in a family so poor that the child puffer hardship. The foster parents receive a sum averaging $1.25 per week for the care of the child, and for proper clothing. When of school age the child must be in school. The local volunteer committee looks after i\s care and ‘ultjire, aud zealous neighbors often assist in watching the growth and education of thdse hTppj children. When tbo child G fourteen years old, he begins to work. His earnings are placed in the Postal Savings Bank, and at seventeen or eighteen he goes out into the world, an independent man. The State, at an expense of less than S7O a year, has raised a man or woman to con tribute to its wealth, and prevented the manufacture of a criminal and expense of courts, prisons and re formatories. It may seem strange that Australia, Tasmania and New Zealand have so far outstripped us in this humane, charitable and economic work of child-saving and the prevention of disease. In our cities the slaughter of children in “ institutions ” still goes on, the growth of our defective and criminal class still increases, the calls upon the thrifty and humane still grow importunate, but we are unwil ling to learn. It were better to re cognize at. once, that, as civilization advances, the functions of the State must advance into new fields. The care of the children can no longer be left to the church and the street. As society, represented by the State, must protect itself against enemies from without, so it must protect itself from the greater enemy that it suckling within. It is unnecessary to point to the influence upon general morality which the daily observation of the life of the children of the streets exerts upon the more fortu nate. The depressed moral tone makes our political corruption possi ble. 1 lope lies not in restricting but in extending political activity. Two women, Mias Clark and Miss Catherine Spence, destroyed the or phan asylums of Australasia, robbed the continent of its orphans, and saved these colonies from a horde of criminals and dependents. Some good man or woman must raze every orphan asylum arid “home” in the United States to the ground. We have outlived them. We are too thrifty to keep them longer, pretend ing to perform a function they are unequal to. Notice to the Executive Committee of Wilkes County. Editor People’s Party Paper : I am desirous of visiting the dif ferent People’s party clubs in Wilkes county through the month of Decem ber. If the Executive Committee of the different districts will appoin. place of meeting and notify our Secretary, w’e will arange dates and notify you w’hen we will be there. At these meetings we wish to meet all who are anxious for “equal rights to all, special privileges to none.” E. D. Beard, Pres’t. E. E. Parsons, Sec’y. Stranger —What are you growing, uncle ? Uncle Simms —Growing tired boss, growing tired.