The Jackson economist. (Winder, Ga.) 18??-19??, August 20, 1896, Image 3
BRYANS ADDRESS
(Continued )
Whereas, soon after S4H, tne annual pro
duction of gold became worth about throe
times as much, at the coinage ratio, as the
annual production of silver, and yet, ow
ing to the maintenance of the bimetallic
standard, these enormous changes in rela
tive production had but a slight effect up
on the relative values of the metals.
If it is asserted by our opponents that
the free coinage of silver is intended only
for the benefit erf the mine owners, it must
be remembered that free coinage cannot
restore to the mine owners any more than
demonetization took away, and it must
also be remembered that the loss which
the demonetization of silver has brought
to the mine owners Is insignificant com
pared to the loss which this policy has
brought to the rest of the people. The res
toration of silver will bring to the people
generally many times ns much advantage
as the mine owners can obtain from it.
While it is not the purpose of free coinage
to specially aid any particular class, yet
those who believe that the restoration of
silver is needed by the whole people should
not be deterred because an Incidental ben
efit will come to the mine ow: fer. The erec
tion of fort£ the deepening of harbors,
the improvement of rivers, erection of
public buildings, all these [confer inci
dental benefits upon individuals and com
munities, and yet these incidental benefits
do not deter us from making appropria
tions for these purposes whenever such ap
propriations are necessary for the public
good.
The argument that a silver dollar is
heavier than a gold dollar, and that there
fore silver is less convenient to carry in
largo quantities, is completely answered
by the silver certificate, which is as easily
carried as the gold certificate or any other
kind of paper money.
If our present currency is estimated
at $1,400,000,000 and our population is
increasing at the ratio of 3 per cent per
annum, it would require $42,000,000 in
creased circulation each year to keep pace
with the increase of population, but as the
increase of population is accompanied by a
still greater ratio of increase of wealth and
business it was thought that an immedi
ate increase of circulation might be ob
tained by larger purchases of silver bullion
to an amount sufficient to make good the
retirement of bank notes and keep pace
with the growth of population. Assuming
that $54,000,000 a year of additional cur
rency is needed upon this basis, that
amount is provided for in this bill by the
issue of treasury notes in exchange for
bullion at the market price.
If the United States then needed more
than $42,000,000 annually to keep pace
with population and business, it now,
with a larger population, needs a still
greater annual addition, and the United
States is only one nation among many.
Our opponents make no adequate provi
sion for the increasing Taonetary needs of
the world.
In the second place, a change in the ra
tio is not necessary. Hostile legislation
ha decreased pb;-> dojmand for silver ajfi
lowered its price wnfcn ffieasurew -cj'
, while this same hostile legislation, by In
creasing the demand for gold, has raised
the value of gold when measured by other
forms of property.
We are told that the restoration of bi
metallism would be a hardship upon those
who have entered into contracts payable
In gold coin, but this is a mistake. It will
be easier to obtain the gold with which to
meet a gold contract, when most of the
people can use silver, than it is now, when
every one is trying to secure gold.
The Chicago platform expressly declares
in favor of such legislation as may be nec
essary to prevent for the future the de
monetization of any kind of legal tender
money by private contract. Such con
tracts are objected to on the ground that
they aro against public policy. No one
questions the right of legislatures to fix
the rate of interest which can be collected
by law. There is far more reason for pre
venting private individuals from setting
aside legal tender law. The money which
is by law made a legal tender must, in
the course of ordinary business, be accepted
by ninety-nine out of every hundred per
sons. Why should the ono-hundredth man
be permitted to exempt himself from the
general rule? Special contracts have a
tendency to increase the demand for a par
ticular kind of money, and thus force it to
a premium. Have not the people a right
to say that a comparatively few individ
uals shall not he permitted to derange the
financial system of the nation in order to
collect a premium in case they succeed in
forcing one kind of money to a premium?
There is apother argument to which I
ask your attention. Some pf the more
zealous opponents of free coinage point to
the fact that 13 months must elapse be
tween the election and the first regular
session of congress and assert that during
that time, in case people dec Lire themselves
In favor of free coinage, all loans will he
withdrawn and all mortgages foreclosed.
If these are merely prophecies indulged in
by those who have forgotten the provisions
of the constitution, it will be sufficient to
remind them that the president is empow
ered to convene congress in extraordinary
session whenever the public good requires
such action. If in November the people
by their ballots declare themselves in favor
of the immediate restoration of bimetal
lism, the system can inaugurated with
in a few months^
If, however, the assertion that loans will
be withdrawn and mortgages foreclosed
Is made to prevent such political action as
the people may believe to be necessary for
the preservation of their rights, then a
new and vital Issue is raised. Whenever it
is necessary for the people as a whole to
obtain consent from the owners of money
and the changers of money before they can
legislate upon financial questions, we shall
have passed from a democracy to a plu
tocracy. But that time has not yet arrived.
Threats and intimidation will bo of no
avail. The people who In 1776 rejected
the doctrine that kings rule by right di
vine will not In this generation subscribe
to a doctrine that money is omnipotent
International Bimetallism.
In conclusion permit me to say a word
in regard to imernational bimetallism.
We are not opposed to au international
agreement looking to the restoration of
bimetallism throughout the world. The
advocates of free coinage have on all occa
sions shown their willingness to co-oper
ate with other nations in the rclnstat"-
ment of silver, but they are not wiling to
await the j leasure of other governments
when immediate relief is needed by the
people of the United States, and they fur
ther believe that Independent action offers
better assurance of international bimet
allism than servile dependence upon for
eign aid. For more than 20 years we have
invited the assistance of European nations,
but all progress in the direction of inter
national bimetallism has been blocked by
the opposition of those who derive a pecun
iary benefit from the appreciation of gold.
We shall not offend other nations when
we declare the right of the American peo
ple to govern themselves, and, without let
or hindrance from without, decide upon
every question presented for their consid
eration. In taking this position we sim
ply maintain the dignity of 70,000,000
citizens who are second to none in their
capacity for self government.
The gold standard has compelled the
American people to pay an ever Increasing
tribute to the creditor nations of the world,
a tribute which no one dares to defend.
I assert that national honor requires the
United States to secure justice for all its
citizens as well as do justice to all itscred
tors. For a reople like ours, blessed with
natural resources of surpassing richness,
to proclaim themselves impotent to frame
a financial system suited to their own
needs is humiliating beyond the power of
language to describe. We cannot enforce
respect for our foreign policy so long as
we confess ourselves unable to frame our
own financial policy.
Honest differences of opinion have al
ways existed and ever will exist as to the
legislation best calculated to promote the
public weal, but when it is seriously as
serted that this nation must bow to the
dictation of other nations and .accept the
policies which they insist upon the right
of self government is assailed, and until
that question is settled all other questions
are insignificant.
A Word to New York Citizens.
Citizens of New York, I have traveled
from the center of the continent to the
seaboard that I might, in the very begin
ning of the campaign, bring you greeting
from the people of the west and south and
assure you that their desire is not to de
stroy, but to build up. They invite you to
accept the principles of a living faith rath
er than listen to those who preach the gos
pel of despair and advise endurance of the
ills you have. The advocates of free coin
age believe that in striving to secure the
immediate restoration of bimetallism they
are laboring in your behalf as well as in
their own behalf. A few of your people
may prosper under present conditions, but
the permanent welfare of New York rests
upon the producers of wealth. This great
city is built upon the commerce of the na
tion and must suffer if that commerce is
impaired. You cannot sell unless the peo
ple have money with which to buy, and
they cannot obtain the money with which
to buy unless they are able to sell their
products at remunerative prices. Produc
tion of wealth gees 1 before fhe exchange of
wealth. Those who create must secure a
profit before they have anything to share
with others. You cannot afford to join the
money changers in supporting a financial
policy which, by destroying the purchas
ing power of the products of toil, must in
the end discourage the creation of wealth.
I ask, I expect, your co-operation. It is
true that a few of your financiers would
fashion anew figure, a figure representing
Columbia, her hands bound fast with fet
ters of gold and her face turned toward the
east, appealing for assistance to those who
live beyond the sea, but this figure can
never express your idea of this nation.
You will rather turn for inspiration to the
heroic statue which guards the entrance to
your city, a statue as patriotic in concep
tion as it is colossal in proportions. It was
the gracious gift of a sister republic and
stands upon a pedestal which was built by
the American people. That figure, Lilicr
ty, enlightening the world, is emblematic
of the mission of our nation among the
nations of the earth. With a government
which derives its powers from the consent
of the governed, secures to all the people
freedom of conscience, freedom of thought
and freedom of speech, guarantees equal
rights to all and promises special priv
ileges to none, the United States should be
an example in all that is good and the
leading spirit in every movement which
has for its object the uplifting of the hu
man race.
A FINANCIAL LESSON.
Illustrates the Difference In the Esteem of
the Bankers and People For the Country.
The city of Philadelphia in the
summer of 1895 desired to borrow
$1 ,200,000 for local improvements. It
was ordered that 8 per cent bonds for
this amount be prepared. Then bids
were advertised for, but only a few
bids were received. Capital did not
seem to regard the loan with favor. An
other attempt through the usual formal
ity of public advertisement for sealed
bids was made, resulting in another
failure. Capital did not come to the
rescue. At this juncture it was decided
to offer the bonds as a “popular” loan
—that is, they were offered at par to all
comers in small denominations and
without the formality of sealed bids.
The loan was rapidly taken. Thus the
people with their savings did what
“capital” twice refused to do. It is also
interesting to note that the bonds were
payable “in lawful money of the United
States. ” This is the way that blanks for
mortgages read, and very properly. Ev
ery debt, both public and private,
should be payable “in lawful money of
the United States. ” I once went to the
treasury in Washington to examine the
phraseology of the various national
loans. No specification of “gold or sil
ver” or “coin” of the standard value
on a specified date appeared until the
refunding operations, beginning about
20 years ago. I think the 0 year bonds
issued in 1877 were the first All previ
ous bonds were payable iu “dollars” or
“lawful money.”
Now, the point is, why should “capi
tal” be given a high rate of interest
and “coin” or “gold” payment when
the people arc ready with their savings
to accept a lower interest and are patri
otic enough to purchase bonds payable
“in lawful money of the United
States?” A certain prominent statesman
has made a wide reputation as a “great
financier” by giving capital these ad
vantages. France, after her last disas
trous war, placed a loan in
small amounts among her own people.
But our statesmen court foreign invest
ors. The result is that the interest now
going from us to these foreign investors
is a heavy drain. If payable to our own
people, our prosperity would not be dis
turbed; also “lawful money of the
United States” is good enough for the
common people, while capitalists want
something gilt edged, and the man that
gives it to them is a 7great financier.”
Is it not, time tlmt*pitalists were al
lowed to take themselves and
our affairs be niaiir Wfrom the stand
point of the eou.n, jjßced-? Our bonds
are issued to svndi> j®mf capitalists at
the terms that They should
be issued on the Philadelphia plan, at
the lowest possible interest that will
command par for the bonds and payable
in “lawful money of the United States. ”
They should not bo issued from the
treasury and subtreasuries only, but
every postofflee in the country should
liavo them for sale, so that they would
be in easy reach of every citizen desir
ing them. Think of this when the next
issue of bonds is made. Think of this in
connection with postal savings banks,
which we so much desire.—Dr. O. F.
Taylor in Medical World.
ANOTHER “UNCLE TOM’S CABIN.”
An Answer to the Oft Heard Question.
••Who Will Write One Today?”
[Special Correspondence.]
The recent death of Harriet Beecher
Stowe, the famous author of “Uncle
Tom’s Cabin,” revives the question of
why someone does not write up the
story of our present industrial and finan
cial slavery as she wrote of chattel,
negro slavery. On this subject F. R.
Walker writes as follows iu the Joliet
News of April 9, 1896:
Where are the Harriet Beecher Stowes of to
day? Is there none on earth? Is there no
one who will undertake to portray the hor
rors or whtte slavery 111 a manlier to touch the
hearts of men and wring sympathetic tears
from the millions inthestyleof “Uncle Tom’s
Cabin?” Harriot Beecher Stowe was the wife
of a minister. What a grand opportunity now
presents itself for the good wife of some min
ister to reap a glorious harvest and inscribe
her name forever in the hearts of all good peo
ple. Surely the characters and incidents are
much <lashr>( to And new-than. they were the
Tom 'Pf: V jHrVittcn. -
The answer to thtlli questions seems
plain to me. Look for it in tho closing
sentence of the foregoing quotation. It
is because “the characters and incidents
are much easier to find now. ” It is be
cause the horrors of the present situa
tion paralyze the heart and brain of one
who dwells upon them long enough to
attempt to write them out. Uncle Tom,
a good Christian slave, was whipped to
death because ho refused to tell the
whereabouts of some other slaves who
had escaped. It was not a common oc
currence. Not many slaves were whipped
to death; not many of the men were
cruelly treated. But today I defy any
one of ordinary sensibilities to read a
metropolitan daily paper for one week
DEERING IDEAL MOWERS
W itli Tiu and Ball
Deering Roller Bearing ideal Mower 41-2 and sft Gut.
A ROUND OF STARTLING VICTORIES has marked the path of the Deering Ideal Mower. No grassia
too heavy or to© light; no land is too rough and no surface is too severe for this pluckv little Ideal hero,
Instead ot frictiou bearings it has rollers and balls; the CRANK SHAFT JS PARRALEL with the ground so
that the SELF ADJUSTING PITMAN moves steadily back and forth in workman like fashion. The SER
RATED LEDGER PLATES holds the grasses like the roller of a feed cutter, and nothing can escape or draw
in under the sickle. The adjustable drag bar pays the interest on the investment.
The driver of the Ideal Mcwer can cut as slow as he likes, and it is never necessary to back when starting
the machine. The use of roller and bail bearings has elimnated friction, and instead of grinding the bear
ings, all the power is used in cutting the grass.
Don’t waste your time and hay by using old out-of-date machines, but buy the Deering’ Roller Bearing
Ideal Mower. JfJF'Send for a catalogue. For sale by *
ROGERS HARDWARE: and
Machine Company, ,
HAKMONY GROVE, - - - GEORGIA. \
and not grow sick at heart with the re
sults of “man’s inhumanity to man. ”
Uncle Tom’s case was an isolated one
and much more effective and affecting
for that reason. If masters had whipped
their slaves to death three or four times
a week, people w ould have become so
accustomed to it thut the story cf Uncle
Tom would have been nothing new. It
would have been accepted, provided it
could have been written, as a matter of
course. And herein lies the despair of
the present situation. I can remember
when the news of any one starving to
death or committing suicide for lack of
employment would have caused as much
excitement as for ji slave to tfo whipped
to death. Ask yourselves tho question,
How is it today? It is the old story :
Vice is a monster of so frightful mien
That to be dreaded uyeils but to be aeon;
But seen too oft, familiar with his face.
Wo first endure, then pity, then embrace.
There are people Who “embrace” the
condition of things in this country and
talk boastihgly of ;“onr civilization.”
Think of itl
No, the JjUnole Tom’s Cabin” of the
white slavery of fhe United States of
America never will, never can, be writ
ten, but unless thgjjro shall be a change
for t.hte better, and that right speedily,
there will ci me suoh a time that the
horror*i of' ihe cruel and bloody war
which wiped. <mt chattel slavery will
sink into insignificance. ‘ ‘He that hath
ears to hear, let him hear. ”
Cbma B. Whitehead.
, —-rr#
THE TRUE MOTHER.
Fitting the Story of Solomon and the Two
Women to’ Financial lteform.
In this campaign of give and take
among silver advocates no party has the
bulge on the other. People who abuse
the Populists for their action at St.
Louis must reruemb .■ that it is a ques
tion just now who loves the Populist
platform the best. The mother of the
principles expressed in it is tho same
old bewhiskered anarchist known as the
Pop—and no stepmother business goes.
If the lovers of silver really lovo sil
ver as well as they pretend, they might
give in just a little and concede some
thing to the mother on tho tail end of
tho ticket. The true mother principle
has been shown by tho Pops. As the
true mother of silver they yielded to the
Bryan men rather than see tho baby de
stroyed.
We are told iu Holy Writ that upon
one occasion a dispute aroso between
two women as to which was tha mother
of a child. Tho dispute was submitted
to King Solomon, who, with that won
derful common sense tiiat has made his
name synonomous with wisdom through
all tho ages, ordered that, inasmuch as
thero was no way to decido as to the
child’s maternity, that the child should
bo split inAwo-in and one-liajf givou to
one woman and the other halt to the
other womun. When this order was
about to bo carried into effect ono
woman smiled and looked on with sat
isfaction. The other, with trmynotherly
instinct, cried out: “No, no, no! Do not
kill the child, but sparo its life and give
it to tho other woman.” Whereupon
King Solomon rendered tho verdict that
tho true mother of the child was nie
woman who wanted to preserve its life
and was willing to make even such a
sacrifice to do so. So in this campaign
the People’s Party will prove to the
American jury—America’s King Solo
mon—that it is the true mother of finan
cial reform and the true friend and
guardian of tho interests of tho Ameri
can people. —Denver Road.
EXPECTANTV...
_ _ fc,l# 1 0,1 1 REMEDY Which
MOTHERS, S“- !
“ MOTHERS’
FRIEND”
Robs Confinement of Its Pain, Horror and Risk.
f^ I> K Wl . ( . eu . 8e . 11 “MOTHERS’FRIEND” be
fore birth of her lirst child, she did not
suffer fromt'UAMPSor PAINS-wasquickly
relieved at the critical hour suffering but
little—she nad no pains afterward and her 1
recovery was rapid.
E. E. Johnston, Eufaula, Ala. <
Sent by Mail or Express, on receint of ,
price, Sl.jH) per bottle. Book “To Moth
ers ” mailed Free. (
UUARFIEI.iI REGULATOR CO., Atlanta, Ga. '
SOLD BY ALL DRUGGISTS. I
Bryan is the youngest man ever nom
inated for president of tho United
States. He is the brilliant young orator
whose Populistic speeches rattled the
mossbacks of congress lir roes -3 alm*-9t
as much as Tillman has during the pres.
ent congress. He is 87 years old.—Sno
homish (Wash. 1 Eve.
Here and There.
Miss Jennie Hilton, tin Ohio woman,
prospects iu the Arizona mountains and.
finds the gold she seeks.
That bright little English woman,
Agnes Slack, who recently arrived in
this country, is tho honorary secretary
of both the World’s and British Wom
an’s Christian Temperance unions.
A certain horticultural college in Eng
land has tried the experiments of train
ing women for gardeners, and the result
is that, if. cannot turn out
deners last enough to meet the demand
for them.
Among the many blessings that have
followed the higher education of women,
the New York Tribuno says, “nonets
to bo more commended than the depar- i
ture of the sentimental woman as ideal. ” i
Frightened by Dragon Flies. i
John Hubbcrton states that mosqni- '
toes are extremely frightened by dragon
flies and will not come within yards of
them. He says that ono or two dried
dragon flics suspended from fine silk
thread under tho roof of an open porch
infested by mosquitoes will scare all of
tho little pests away.
Who OwiiH It?
The moneyed goldites are beginning
to show their hands in a very strong,
and, to say the least, unkind ia tuer.
The Timea-Herald >'*i Chi^ago^recently
consumed a? letter signori lu
“Tho Monetary Trust, ” which declared
that “those who own the country shall
rule it.” And this is to be tho struggle
at tho November electnm: Shall the
trusts, combines, monopolies, the Roths
childs and other English capitalists
control the United States, or shall.
Americans rule America? —Deadwood
(S. D.) Mining Review.
An did historian tells that a people
living in Asia used to draw socks over
tho feet of the horses when the snow
lay deep upon the ground, and away
off in Kamchatka they cover the fe t
of the dogs in the same way. It Beeins
as if all ancient shoes were put on the
horse and held there by some sort of
hieing or straDDiug.