The Jackson economist. (Winder, Ga.) 18??-19??, August 20, 1896, Image 3

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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.