The Jackson economist. (Winder, Ga.) 18??-19??, February 16, 1899, Image 6

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THE JJICESON ECONOMIST Official County Organ. OFFICIAL ORGAN OF WINDER. PUBLISHED BVBKY THUItHDAY KVKNIN JF.FFAKSON OFPICK: With the Ordinary in the Court House I*. W. will represent the paper and take subscriptions. Su tscrbtion P.ates- O v y. V 17. - *l.OO A. G. LAMAR, Editor and Publisher. THURSDAY. FERUARY 1. 1899. Advertising pa"8 —in The Econ omist. Tliere ought to he a census of Winder taken this year. The state fair for Georgia will he held in Atlanta this year. If you want results from adver tising patroaize The Economist. An interesting communication from Dr, Nance, of Gainsville will appear in next issue. All that W'nder needs to be th? best town of its size m Georgia is a few mnnufactudug enterprises. The EtoNOMisT. is a strict Popu list paper and every Populist in tho state should patronize it. Do a little missionary work in your im mediate section and help us to ex tend its circulation. There is no weekly paper m Georgia that gives you more read mg matter on all liims than the Economist. Read it and hand to some friend and get him to sub scribe. You can help us wonder ully if you will do this. The dispensary commissioners of Athens in their report for the year ending Feb. Ist, 1899. give the net profit of $11,007.00. We venture the assertion that no other busi ness with the same amount of cap ital invested has paid as much in Athens. Camp Haskell, of Ath ns, is now a thing of toe past es all of the soldiers there 1 ave been mustered out. This camp has bee'i a great advantage to At'rens, and we hope the war department Tvill dicide to send some of the regiments now in Cuba there. Tho severe weather will prevent many farmers from sowing oatSj and as the luinl must be planted in something we can expect the usual acreage again in cotton. It is the only crop in the south that will bring money and that us the thing that most farmers are compelled to have iu the fall. • * The supreme court of Georgia has decided that ‘presidents ot ha tional banks are not subject to the tax of SIOO per year imposed upon them by the state of Georgia This will not be a surprise to the large class of men who produce all the wealth of the state as they have always found that the men who !o nothing but thrive on the producers are shielded bv the courts and legislatures, Imperialism is the crv now of many loaders in both wings of the old parties and the people nro to bo deceived by expansion.” These loaders show the immense oppor tunities for young America in thes new fields of conquest and thousands have been taken oil' th‘-ir nut by the beauties of such sophistry. Years ago W3 contended that the parties of plutocarcy would take advantage of the first oppor tunity to increase the army and navy, and that time arrived when i the Spanish-Americau war oaine. Infact the Spamsh-American war was crated to ordbr for the express purpose of furnishing the excuse to p'utocracy to increase the navy I and army to such an extent as they i did not dare to see time of peace. Now, for the same purpose, we are swallowing up the Filipinos and establishing a colonial policy and thereby deceiving the people while j the army bill now pending before congress authorizes a sta ding army of one hundred thousand soldiers in time of peace. Not | only this, but ma n y new vessels to , be added to the navy, and slowly, but surely we drift into monarchy jof the old world. T’lis is the reason the leaders of both old parties stand for imperialism. They care nothing for the Cubans or Filipenos, but their own pro tection in their legislated wealth. All this row is being raised to give an excuse for the increase of the army and navy and every in crease of these two branches of our government curtails the freedom and indepeuence of the citizen. But just what we told you years' ago is comming true. The most obtuse can see it now, but it is to late to apply the remedy. Expan sion is a reality—the army is upon us and the navy covers the sea while the people sleep. Jefferson Court. This has been a had week for superior court at Jefferson, but Judge Russell has disposed of a lot of business and under the cir cumstances has done remarkably well. There never has been a time when so many difficulties have been encountered in carrying on court. The roads are almost im passable and the weather first of the week was the coldest and most severe on record. Taking every thing into consideration, more work has been accomplished at this court than over before, and Judge Russell has made quite an enviable reputation as a presiding officer. The \ew Patriotism. William It. Day, who was two years ago an obscure lawyer in a small Ohio town, is to receive $lOO,OOO for 59 days’ work on the peace commission. This is equal to the president’s salary for two years. It is equal to a me chanic’s wages for 250 years. It is equal to what a barber would receive for shav ing 1,000,000 men. Many American citizens are working for $5 a week, but this William R. Day, this matchless encyclopedic miracle of statesmanship, this noble being from a higher sphere, condescends to serve his country in hei hour of need for $11,900 a week. John Milton, an inferior man to Wil liam R. Day, only received about $lOO for his great work “Paradise Lost.” Goldsmith, also one of the unfit to survive, only got BJO for his book, “The Vicar of Wakefield. ” Our forefathers, who met together 125 years ago and drew up the Declara tion of Independence, actually were such business failures as to do tho job for nothing. So far as we know Christ gave the world tho sermon on the mount without even taking up a collection. But William R. Day is a man of the nineteenth century. He is a patriot of the new American school. He does not, like the foolish heroes of olden times, sacrifice himself to his country. He has learned a better paying trick than that —he sacrifices his country fur liimself. How grand to think that, at last, in our young republic, virtue receives its reward! How inspiring to feel that genius is appreciated and paid for, not in mere fame and honor and affection, but in cold cash! How patriotism will henceforth bloom and blossom as the lose! My country, ’tis of thee, Sweet land of liberty, Of thee I sing— Land where Mark Hanna rolfns, Land where I grabbed my gains. Laud that rewards my brains. Gold is its king! —H. N. C. in George’s Weekly. SUPERIOR TO COIN. A RESPONSIBLE GOVERNMENT’S PA PER BETTER THAN GOLD OR SILVER. Metallic Money na n War Measure. It* Snpporter Loan Everythin**, While I’nper Miowa It Unlimited Power In W ar nntl Pence. The concluding paper in the intensely interesting and unusually instructive series on “Napoleonic Finances,’’ from the pen of ex-Congressman John Davis of Kansas, appears in a recent issue of the Omaha Nonconformist. It will be considered good reading even by those who have not had the pleasure of seeing the other papers in the series. Mr. Da vis’ “Concluding Observations” are as follows: In looking over the ground of the foregoing discussions it will be seen that Napoleon’s financial policy was the most comprehensive and farreaching of his temporary expedients. It enabled France to treble tlie number of her troops and thus to bring into the field a million men, while the burden of sup porting them fell upon the conquered countries. This was a magnificent ex pedient while it lasted, but when the conquered countries were exhausted of their specie it did not remain in circu lation, but wqnt into hiding; hence to recuperate his finances new conquests were necessary. This drove him into foolhardy enterprises, which were charged up to his personal ambitions. When conquests ceased, his finances failed, and his downfall was certain and rapid. Let me now mention a marvel in his tory. After the wars of Napoleon had ceased, England changed from her vic torious paper and adopted Napoleon's vanquished metallic system. Alison’s history (volume 14, page 172), discuss ing the subject, says: “By this means, (the paper system), not only was the crisis surmounted without difficulty, but 130,000 com batants, with 40 ships of the line, were assembled around Lisbon, which hurled back the French legions from the lines of Torres Vedras, and in the three last years of the war, wiiile not a guinea was to be found in England, all the armies of Europe were arrayed in British pay on the Rhine and the Pyrenees. * * * It is lemarkable that this admirable system, which may truly be called the moving power of the nation during the war, became toward its close the ob ject of the most determined hostility on the part both of the great capitalists and the chief writers on political econ omy in the country.” l he hostility or the English capitalists and the writers of the times toward the victorious English paper system and their advocacy of the vanquished sys tem of Napoleon, though a marvel in history, is now easily explained. The great bondholders who had loaned to the government cheap money during the war desired to collect their interest in costly money, far more valuable than the money they had loaned. In 1807 British 3 per cent bonds were worth less than half their value in coin or legal tender paper. The bondholders now set about the abolition of paper money and the demonetization of silver, sc that their bonds and the interest on them should be payable in gold only. The evil effects of currency contraction on the nation and the people did not dis turb the nerves of those Shylocks. All they cared for was their “pound of lush, even if it should drain the last drop of blood from the industry and en terprise of the people. In the same con nection Alison argues the question as follows: Here, however, as everywhere else, experience, the great test of truth, has determined the question. The adoption of the opposite system of contracting the paper in proportion to the abstrac tion of the metallic currency, by the acts of 1819 and 1844 (followed as it was necessarily by the monetary crises of 1825, 1839, and 1847), has demon strated beyond a doubt that it was in a system of an expansive currency that Great Britain during the war found the sole means of its salvation. And if any doubt could exist on the subject it would be removed by the experience of the disastrous years of 1847 and 1848, during which, without any external calamity and when at peace with all the world, the mere abstraction of 18,- 000,000 of sovereigns to purchase for eign grain * * * produced universal and unexampled distress, and induced such a convulsion in the country as reduced the revenue, drawn with difficulty from 28,000,000 of souls, to £51,250,000, and sent above 250,000 emigrants each year out of the country, while in 1810, under a far greater abstraction of the precious metals, universal prosperity prevailed and £67,144,000 was without any effort raised from 18,000,000 of in habitants, without any of them being driven to seek their bread iu distant lands. ’ ’ * i There were two errors in the British system of finances: First. —The paper notes were issued by the bank and loaned to the govern ; ment. This created a class of bondhold ers who got their bonds at the mere cst of printing and loaning the notes. In stead of that the notes should have been issued by the government and paid out direct for the legitimate expenses of the nation. This would have put the fiotes into circulation without the in tervention of the bondholders. TEe notes then being in circulation and money being plentiful the people could have met most of the remaining gov ernmental expenses by taxation. Second. —Then if the currency circu lating in the country during the war had not been retired by converting it into interest bearing bonds there would have been no great public debt resting on the industry of the people. These wrongs in the management of the Brit ish finances came through the mistake of permitting an interested class of money changers to manage the finances of the country. They controlled the issue of the bills in their own interest during the war, and then after the war caused the government to abandon the victorious paper system of England and to adopt the vanquisher! metallic sys tem of Napoleon on which to rest the bank paper. These two blunder;! caused by the great financiers, who “sustain a state as the cord sustains the hanged, ’ ’ gave rise to the present great national debt of England and placed its ultimate pay ment beyond the reach of the people. Now’, as a lesson for Americans, it may be stated that the same brigand spirit and class interest which led the British government to adopt the metallic sys tem in England, after its failure in the bands of Napoleon, is rapidly fastening the same barharianism and its result ing slavery on the American people in the form of interest bearing debts and “the gold standard,” which will make the debts perpetual. The reader of history who learns no practical lessons from his studies wastes his time. The one great lesson of Napo leon’s career useful to commercial na tions is this: No nat’en is safe in time of war or prosperous in time of peace with a shrinking volnme of money. Not even the sword of Napoleon, backed by the merciless barbarianisms of the eleventh century and the most tran scendent military genius, could reverse this inexorable law* of finance. A money of shrinking volume and appreciating value congests in the banks and money centers. If driven from those deposits by the dangers of military brigandage, it will burrow into the earth and be neath stone walls to escape circulation. The English system was better because it was expansive, yieldirg quick obedi ence to the military needs of the conn try ; but the evils in the manner of its issue and of its contraction after the war should teach men the lesson that the bondholder and money changer should be eliminated from every sys tem of finance. He is the same great brigand now that he was when the Saviour flogged him from the temple in Jerusalem and that he was in Wall street when President Lincoln said, “I wish every one of them had his devilish head shot off. ’ ’ The brigandage of the bondholder and money changer is as fatal to commer cial prosperity and human progress as is the brigandage of the sword. It en acts, changes, manipulates, and violates laws in its own interest, and at every turn of the scale and tip of the beam the people are robbed. The brigandage of the sword is noisy, furious and ob literating, like the forays of wild beasts; and Napoleon, the greatest of military brigands, was consistent when he chose the wild lion of the wilderness as his model. The brigandage of finance is as silent as the grave and as stealthy and dangerous as the serpent; and the na tion that heeds its seductive whisper ings by favoring its schemes of con traction, bond issues, and gold basis will find itself outside of paradise, with a flaming sword impelling its exit and forbidding its return. In writing this paper I have had sev eral objects in view; G) that the real character of Napoleon as a man may be better appreciated; (2) that he cannot be considered a safe model of financial wisdom; (3) that his financial system, in practice, proves itself to be the flat test failure in history, and (4) that the English system, though far better, was administered in the interest of the great fund holding financiers and not for the benefit of the common working people. If in doing this I have aided ever so slightly in relieving the minds of my readers from that spirit of hero worship which is now being so industriously and powerfully nurtured by the plutocratic press of America, and if I have contrib uted something to save my country from the grip of that financial anacon ila which stifles the industries and en slaves the people of the old world, ai 1 j is now vigorously attacking the new nn- I der the delusive banner of “honest money,” I have accomplished my pur pose. Vision Cleared. Now that his wife’s money was gone he perceived that her hair was undenia bly red. He was terribly am try. “Why cl:d you not tell me of this be fore?" he hissed.—Detroit Journal. Ilnngins on It. “I believe he anno’ need that he wad going to depend on his head when he left for the Klondike. " “Yes; last 1 heard of him he was dep luting from it.” Indianapolis Journal. The True Definition. A bore is not the man who talks all the time, but the one who doesn’t talk at all, thereby depriving his listeners of chances to be “reminded” of a story to tell themselves.—New York Journal ENO3H ARDEN IN REAL LIFE. Couple Itrutiiu-d After Being Sept, rate*! Fi.r it Number of Years. Charlotte, N. 0 , l'eb. 15 —After many years of separation, during w hich each thought the other dead, Mr. and Mrs. William Cross of this city hava found each other, and today another marriage ceremony was performed, bind ing anew the two, already man and wife, in the holy bonds of matrimony. Behind these nuptials is an Enoch Arden story in real life, not quite so pa thetic perhaps as Tennyson’s famous poem, because of its happier denoue ment, but fully as romantic. Years ago the husband, then but shortly mar ried, was wrecked in the China sea. He was rescued from a watery grave, but carried to a living death in Siberia. And his fortunes, for a long time, were casi in that inhospitable clime. But, finally, he made his way to America and be' came captain of a steamship running out of Now York. In the meantime his wife, giving up her husband as dead, removed to the metropolis and opened a millnery estab lishment. An accident at last threw the two together. Recognition was mu tual. and, as the old love had survived, another marriage was decided upon. Hence today’s ceremony. STATE FAIR ARRANGEMENT. A Committee of Atlantlans and Pops Brown Ratify the Contract. Atlanta, Feb. 15. The executive committee of the State Agricultural so ciety and a joint committee of At lantiaus met in the Kimball House to day at noon and formally ratified the agreement reached two weeks ago be tween Atlanta on one side and Presi dent Pope Brown of the agricultural society on the other, as to the holding of the state fair here next fall. This agreement, as has been pub lished, provided that Atlanta was to guarantee $lO,OOO to pay the expense of the show, and that a directorate, con sisting of a certain number of members of the acricnPnrn.l snojotv and an equal number of Atlantians. were to manage the chow — tn-j agncu.i uial society’s members to look cs’ ociallv after the ag ricultural features, ana cue Atlautiauf after the manufacturing exhibits. Nearly all of the required f 10,000 has been subscribed. MAY GO OUT AT SAVANNAH. liay’s iimiiuiies Likely to He Dis charged at the Forest City. Savannah, Feb. 15.—Colonel L. J. Bellinger, the depot quartermaster here, says that the Third immune regiment, Colonel Ray’s, will be mustered out here instead of in Macon, states that his information from Washington is to that effect. There are two mustering officers here now waiting for the Sixth immune regi ment from Porto Rico, which will ar rive on Friday and will be mustered out at once. The full machinery for mustering out the men will be here, and be feels as sured on that account that the depart ment will make no change, but will have Ray’s regiment mustered out here also. He does not know just when the regiment will arrive. NEGRO RESISTS OFFICERS. He Shoots Out and Is In Turn Himself Fatally Injured. Birmingham, Ala., Feb. 15.—Deputy Constable J. D. Martin and an assistant went to arrest Boston Davis, a negro, in the latter’s house. Davis was charged with assault with intent to kill his un cle, and was considered a dangerous negro. When the officers entered the house Davis had a pistol out, and shooting be gan. Eight or ten shots were ex changed. Davis was shot fatally, four bullets taking effect iu his body. Martin was 6truek in the back of the head aud seri ously wounded, and a little negro boy in the room was shot in the body and also seriously wounded. North Alabamian Suspends. Tuscumbia, Ala., Feb. 15.—The North Alabamian of this city, probably the oldest weekly newspaper in Alabama, has suspended publication. It was es tablished in 1831, and for 25 years was edited and published by the late Colo nel A. H. Keller, under whose manage ment its power and influence was un equaled by any journal throughout the state. The plant is yet the property or his estate, aud for the past several months has been published by John J. Thornton, who has surrendered his lease. It is thought the suspension is only temporary. Failed to Pay Her License. Columbus, Ga., Feb. 15.—Mrs. M. E. Levette, about 50 years of age and a lady of intelligence and refinement, has been arrested here charged with work ing as an emigrant agent in Georgia without paying the license of SSOO. For some time Mrs. Levette has been iu this section getting workmen to send to Ar kansas, where, she says, she has large farm interests. She has sent two or three carloads of men west. Early \ rgetables Damaged. Jacksonville, Fla., Feb. 15.—Tho damage by the cold wave in this state was mainly confined to the early veg etable crop. The injury to the citrus industry is as yet merely speculative. It is thought the orange bloom brought out by the open Floridian winter has been injured. It will require five or six days to ascertain the exact damage done the orange n;ees.