Newspapers / The Caucasian (Clinton, N.C.) / Nov. 16, 1893, edition 1 / Page 2
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; ? ; 'ti V. 11 TIIE CAUCASIAN I'l'BLIH EI EVERT THUKSDAT. M ., It I O.N It LI L Kit, Fdltor k I'ropr. SUB'RIIf ION KATLri. OSKVKAK, t-IX MONTHS. v I I tntrr-j al in rwi vmcr m ini7u.).u - i C. a M-cond cUs mail matter ) The. Advertising Space ul Ikl. pfr L-ml, U trW4 fc, THE INDEPENDENT PUPAL PPESS ASSOCIATION Boyce Building. CHICAGO. P. CJ. VAN VI.tHT, nanagcr, Wln nrr rtiM.n-i.I' tor nil lei v.-rt t-. n,. lit api-f in in Hani.-, an'i to ii.mi n ' ii'i'nr ( for riit.-n. hhiiijiU- eojiii-x. i t.- , -Moul'l tin i'i.ir.-.-.t. Nebraska and Colorado have gone Populist, and the party haw made large gains in every Mate in the Union. The gain in .Massachusetts is X'HO per cent, over last year's vote. Light will finally triumph. HONEST DEMOCRATS. WHAT 'iLL YOU DO'' We inii.-t have a change. Time 1 1 j 1 1 -1 he rcfM in in our government. You oted for a change lust fall, you have gotten it, hut it is dimply an other step dow n the dark road of Republican legi.-lation. It is a change, but a change for the worse, and done by your own party. 1 on are of course disappointed ; you know that the money power and monopolies are running our govern ment at the expense of justice to you and a majority of the people. on know that your party is in their hands. Now what is your duty? Your duty is to use your influence and vote to change this condition. Your duty is to take the manage ment of our government out of the hands of monopoly and goldbugs. You know it. What are you going to do about it? As an honest man you are no doubt thinking about it, you must soon decide. Some of you have already turned your eyes to the Populist party as the only pillar of light to lead us out of the darkness of goldbug oppression. Put some of you are thinking of following a dif ferent course. You think that in as much as the pure I )emocratic prin ciples are right, that you will tight it out in the Democratic party. You are thinking that it is your duty to try to reform the party. This is a noble intention, but a fatal mistake (Jive us your ear for a moment, and we will call your attention to some facts in history. I jet us see what a vain and hopeless task you are about to undertake. You are no doubt a good man, you are a patriot or you would not be dissatisfied at the reign of monopoly. But you are about to waste your energies and spoil, your good intentions by failure. You are; about to undertake what no man has ever succeeded in doing. The hist ory of the world shows that time and again a goodly number of men in parties and various organizations have attempted, to reform them when they became corrupt, but have in ev ery instance failed. This has been true in church as well as in state; the result has been that the good men who undertook it wasted their energies and good intentions, that would have counted to great effect if exerted in another direction to secure the result desired. We could quote one hundred cases, but have space for only two, one in church and one in state : "John Clark Kidpath in his his tory of the world, where in speaking of the attempts of Luther and others, at first to reform the Catho lic church within itself, he says: "Vain chimera fond aud childish credulity to suppose that the thing to be reformed could mend itself, that abusers would abolish the abuse. The history of the world has not yet presented an example of au organi zation grown sleek and fat and eou sciousless by the destruction of hu man freedom and the spoliation of mankind, that has had the virtue and honesty to make restitution and return to an exemplary life; nor will such a phenomenon eyer be seen un der the sun, whether the organiza tion be religious, political or social, that law is equally irreversible by which Ephram is joined to his idols. He and they are bound by an in dissoluble tie and will perish togeth er." Again he says in speaking of the abuse under the Roman Emprior: "The privileged classes of mankind have no conscience on the subjeet of their privilege. History does no adduce one instance in which a no biltity or even a monopoly, (aud he might have added a political party,) entrenched in precedent and custom has ever voluntarily made restitution to society of the rights of which she had been despoiled. The iron jaws which closes on the marrow bone of privilege never relax until they are broken.' Now dear voters read the above paragraph again. Remember that it was written by a great historian who has studied the rise and fall of every government and every conflict be tween right and. wrong. Keniember also that he is a disinterested wit ness. The editor of The Caucasian at one time started out with a fond hope of reforming the Democratic party. We saw as clearly then as we see now, that reform had to come be fore the people could get justice or relief. We saw that the government had to be taken from the hands of bankers, railroad kings and other monopolies. We studied the grea principles of the party as laid down bv Jefferson and Jackson and saw clearly that the triumph of their principles would cue the jrf-ople and give us honest govern men t. We ea on the other hand that lh- j-arty ' which claim tin- principle of these ! great patriots had been r rt- and wa- in the hard of the 'iifiny - tl.' f tie- -eople, fKithing but the name &",of tl..- party left. Iltit . --n the name of the Democratic pait) was verv dear to us. All of our atices ; torn on both our mother's and fath er':! side had Ixt n iHii'jcwt: froui the Revolutionary war up, and hence we n-cohed to use all of our en ergies and talent to driw-outof pow er those who had corrupted the : . .!,.,;.,, leinocra tic party, ami were iioating , .- iits great hanner over Lepublican 'principle. It was our darling hope , , , ,t t u ,nf n. we studied the history of polities', and the rir-e and fall of other govern ments in the past, the more we in vestigated the methods of the Demo cratic party in our affairs, we saw how politicians ( who had sold their souls, to monopoly) had stolen the liverv of a party that had the conti dciice of the people, and were suc ceeding in fooling the people to sup port the very agencies that was caus ing their de.-t ruction. We also saw how machines are built up inside of that party, how packed conventions nominated such men as monopoly might name, and then appeal to the people in the name of the party to stand to the ticket. We saw how the same influence would control the conventions of both opposing parties, ... and then leave the people to choose between twiddle-de, and twiddle-duni in the election. In that case the success of either party meant a vict ory for the enemy of the people. At last we wtw plainly, and were thor oughly convinced that the people would never get honest laws, and equal justice, u.itil the great rank and lilt; left both rotten machines, organized a new party, and under their own banner march against the enemy. Even when we saw this, it required considerable effort to take the step, but a sense of duty, and an interest in the future of our country drove us to it. Necessity will soon dive us all to it. And now if even a majority of those who aie suffering from the present condition in both political pa: ties, will throw off the party yoke, hoiet a bsinner that be longs to no click or monopoly, and march against both machines, they will be routed, and the people will win the principles of Jefferson aud .Jackson will again triumph, and equal justice will once more reign and prosperity will again bless our land. Will you do it now ? WHAT THE ELECTIONS LAST WEEK MEAN. The latest returns eliow much arger Republican majorities North than the first returns indicated. New York goes Republican by nearly 100,000 majority, Pennsylvania by 1:50,000 majority, Ohio by 80,000 majority, Massachusetts by :50,000 majority, Iowa by 30,000 majority. Out West in Nebraska the Populists carry the State by from 2,000 to i,000 over both the Democrat and Republicans. In Virginia where the fight wa between the Populist and the Democrats, the latter claim the State by a majority all the way from 30,000 to 40,000. Every State North which has gone so heavily Republican (except Ohio), had Democratic Governors. This landslide means that the masses who ire suffering from hard times, voted ist year Democratic hoping for a change, and now go back and vote Republican because they are disap pointed. It means tbat the party yoke is off and they will vote for any party that will give them relief and justice. V hen their eyes get a little wider open, they will vote the Popu list ticket They are now vainly os cillating between two monopoly-rid den parties. But it is a hopeful sign. The vote in Virginia is a valuable lesson to the Populists there. They have now just learned what the par ty in North Carolina learned last year, that a majority of the people can be defeated if they are not thor oughly organized and that the ballot box must be protected by the man hood of the voter. In addition, the bulk of the negroes in Virginia voted the Democratic ticket or else their votes jwcre counted that way. It is very probable that a majority of the white people of Virginia are already Populists and the party will continue to grow. With the discipline that comes from defeat, we expect to see me increasing nosts ot the Populist party march to victory in Virginia and North Carolina next year. The Republicans claim that their victory in New York and other Northern States shows that the pro tection idea is gaining ground, while Grover Cleveland says that if is be cause the Southern and Populist Sen- atois would not let him pass "uncon ditional repeal" as soon as he want ed it. But the fact i the people are suffering so from dishonest condi tions that in their desperation they are jumping back and forth from the frying-pan and the fire. But the vote in New York means more than this. It means a split in the Demo cratic party there. The Cleveland mugwump Democrats helped the Re publicans to carry the State to spite Hill and Tammany. Next year, there will be retaliation if Mugwumps are put up by the Democrats and the Re- j publicans will carry the State again . . . -r -r..r cocc did not promt.-- f ree eoinae of vt-r. w or d The platform was -r-Iuly . . . : . . . ,...tl.:r.,r- it leu so :t io iiiuuii.i- uviiiiuf. w.ir a"eowar ly make .Lit 'tprepard o deceive the people. I'urili the ii.-t m i.n i..ri we read and d-ec ted that platform on every -tump and showed that it wa- made to lie in terpreted oue way North and an uttier wav Smith. It WHS made like the old negro's firh trap, "to catch j 'em coming and going." This charge i was bitteily denied by all the South- i ern papeprs and politicians, especi ally by .Messrs. Aycock and ;ienn, the Cleveland electors at large in the State. We lead on the stump extracts from speeches made by Northern speakers to Northern au diences. Among the extracts we read was one from a speech ma he iy Carl Sehurz before the Cleveland re form chili of Brooklyn, on Sept. the l'.tth, 'O'J. It is a fair sample of the Northern speeches aud is as follows: "I regard the free coinage move ment as gradually dying out on one condition, that is, if Mr. Cleveland is elected to the Presidency. As Presi dent he can render a service to the cause which Mr. Harrison, (be his fi nancial principles and purposes ever so correctjwill bft incapable of render ing. Under Mr. Cleveland's leader ship, the free coinage heresy will lose its foot-hold in the party. There is one thing, however, which may re store the free coinage movement to newhope life and streugth. that is, the defeat of Mr. Cleveland in this election." When w ith such proof as the above (j notation we began to make the hy pocrisy of the Democratic platform evident, Mr. Aycock (now United States attorney in the Eastern dis trict) grew eloquent in his advocacy of free coinag, and tried to assure the people that he had full faith in the platform, aud closed his appealsto the people by declaring that if the party was fooling the people, that it was also fooling him, and that there fore if the party did not give the people free coinage of silver, that he would denounce it aud join the Pop ulist party. When we met Mr. Glenn (the other United States district attorney) on the stump and produced the same evidence to show the hypocrisy of the platform, he got so alarmed at the effects of the exposure, that he wrote to Mr. Cleveland, praying that he should send him a letter, saying, taat ho Grover, was for free coinage of silver. Mr. Glenn made a great ado about a letter which he claimed to have gotten from Mr. Cleveland in answer, saying that lie was for free coinage, and assured the people that he knew, and could prove, that it wag the President's position by his own mouth. Now unless the President did write this letter he should not be abused by Democrat who Et.'.'O' sponser for him last fall. The speakers and the papers who put all sorts of in terpretations ou the platform to fool the people are thoae who are to blame. They see this and feel it, and are now trying to excuse them selves before the people in making false promises during the campaign by charging that Cleveland is not standing on the platform. Cleve land is standiug right where we told the people last fall he would stand. Cleveland hag interpreted the platform just as we interpreted it, and as Mr, Carl Sehurz did in his speech as quoted above. The South ern politician and papers are either very silly or else they have wilfully fooled the people; the people will hold them responsible. The people blame Mr, Cleveland just as they blame every goidbug for taking a stand against them, but he has at least been a consistent goldbug. It is the men South who wanted offices and spoils who have hoodwinked the people into supporting the goldbugs so they themselves feoujd get offices. Five hundred people are to-day suffering from hard times caused by bad legislation where one person is be ing benefitted. Of course the one who is being benefitted want the laws to stay as they are or to be made w orse. Of course the five hundred want the laws changed. These bad laws must be changed by .votes. Then why don't the five hundred vote for a change! Why don't they vote for the party that will make the change? Read in another column the great speech made by Senator Teller, just before silver was murdered by the hands of its professed friends. Read what he says of the future. Read what he says about how the monev power aud monojiolies control the great daily newspapers of the coun try. Our liale'gh correspondent "One of the People'' writes us only occa sionally. Read what he says in this issue about the coming right in this State. irgmia i opunsis nave made a glorious fight against the combined forces of the administration and ii -a j. . . aii street money power, lrginia will go Populist next year. Cleveland is a splendid recruiting ageut for the People's party. W hen you don't get your paper send us a postal card at once. Don't wait two or three weeks. We will send you the missing copy and also investigate the trouble, (tf.) WHY ImE M SHtrKtsf1 lnt r " j i CENT Kv-ry day some Democratic papf r or politician i- ehargeing that eon gre and the President have viola ted the p!e.li.'i of the i'hieairo plat form. They aie anju-1, or rath, r iucorre.t. The Chiraifo platform I.UI1M) DEMOCRACY CEFEATED. DAMNED DEMCRAL ZED AN I 1'Hl'IM. ll I'llll'lt .l..4lr H H HIM l'OII1l( . A HI'AI. W AVK UK 1't MIC IM'IG N AT HfN. I1K ill ! THIN THAT NKVUt H ACK WAItlls. ll ! Xoii.-e It, ttif Marltiite In Nt.rlli t'Mr.iHii. : 'Oiiein li-n Vull I'erder-. -riu llinn- Washington, Nov. l:. IK-al causes are all well in their wav, in i accounting for last week's election j results, but the "deninithm total" is i what puzzles, distracts and bewilders; the Democratic party. It is com- j pit -heii-ible that Mavnard, i THK liAI.l.OT BOX I HIKF, ( in New York should be damned and ; buried bv a majority of DX,mhi in: faor of the Republican candidate for the Court of Appeals; but how i about the election of the Republican j State ticket by a majority of :(),( mm'i, j when only a year ago the Democra tic State and National ticket were elected by :o,0(M plurality. It is easy to understand how a people with any self-respect or with any sense of decencv left shou'd vote against Maynard. Kvery respectable lawyer in the State, every bar association had denounced him a criminal; every reputable newspaper both Democratic and Republican had branded him a thief. In the teeth of all tins indignation the Hill-Cro-ker machine nominated him for Judge of the Court of Appeals the highest judicial tribunal in the great Knipire State. The nomination was made by the machine as Maynard's reward for stealing the election re turns of Duchess county two years ago, which resulted in the organiza tion of a Democratic legislature and the subsequent election of David P. Hill to Ihe United States Senate, and still later the election of "boss" Murphy to the Senate. So, to-day, the Senate is Democratic by virtue of Maynard's theft of the Duchess county election returns. Dan La ment, the President's alter ego, went to New York and voted for May nard. Mr. Cleveland did not vote but was careful to have the state ment printed in all the newspapers that he was willing to vote for him, but public business detained him in Washington. It is the wont of a great many to exalt Mr. Cleveland on a lofty pedestal away above the "gang" in New York whose domina tion in that State has been found a disgrace ou the whole country. It took a revolution to dethrone the corrupt Tweed ring twenty years ago and history repeated itself last Tues day. The people's victory over Hill and Croker in New York and boss Mc Laughlin in Brooklyn is a national triumph which should command the enthusiastic acclamation of every honest man in the land. DISG L'ST, ALA RM, J1ISA l't'Ol N I'M EXT. The thirty-five thousand majority practically 85,000, when Cleve land's plurality of 5u,0U0 a year ago is considered for the Republican State ticket was an emphatic expres sion of general disgust for Mr. Cleve land's administration; profound ap prehension about radical tariff legis lation, and disappointment at the obvious incapacity of a Democratic congress. The appointment of Van Allen as ambassador to Rome because he contributed $50,000 to the Demo cratic campaign fund, and the ap pointment of Rosevelt as Secretary of Legation at London, because of a $10,000 contribution to the same fund, disgusted decent people every where, and practically in New ork where these snobs were known. Van xVllen voted the Democratic ticket once only since he attained manhood. Rosevelt Rosevelt, the bipenatcd dude has never been accused of do ing so plebian and common a thing as voting a Democratic ticket. Mr. Cleveland s (Jabinet appoint ments shocked and startled the people in the Northern and Western States. The appointment of Hoke Smith an accident, in the fuljest sense of the word as Secretary of the Inte rior, was a bittfr disappointment to the soldier sentiment oftbe country, and Smith administration of the of fice hag driven every Union soldier Democrat in tin country back into the Republican party. lie has edit-; ed the Pension bureau on horseback,! in bnff-colored leggings, and has! managed to become the most uni-i formly cussed man in public life.! ihe list migut be extended to in clude Gresham, who up to the event ful hour when he took the oath of oflice as Secretary of State, the rank ing Cabinet appointment, was a Re publican, And Secretary Carlisle's adminis tration of the jTreasury Department has enraged and disgusted the busi ness sentiment of the country. The silver people charge him with treach ery and the business people charac terize his administration as weak, vascilating aud cowardly. Add to this the general distrust of Demo cratic legislation the revision of the tariff, and no oue should be at a loss to account for the Republican ti dal wave that swept over New York. New Jersey, Mtswichuselt-, Ohio and Iowa. The possible exception is New Jersey Democratic, godless New Jersey. For ten y?ara that lit tle State has been doniinatad by a nug of gamblers corrupt scoun drels who ruled the people with a rod of iron and disgraced the State. Idle mills and unemployed labor helped the revolt against the Demo cratic machine. Virtue was trium phant and the State is freed from a curse that threatened the extinction of decency and morality within its borders. Massachusetts the birth place of the ClKVtUMi Jlt'fiWfVIN jgavi- tl- Urgent Republican majority ' since t h- election of Abraham Lin coln. Idle mills, and factories and AND tuning working eop!e did the wnrli in M aseachusetld. Thev ill U ii t know w hat Democratic tarii n form ; in ant w hen t h-v voted for l lrv-: land a short year They wt-re ' eai'er to rectify the mistake, aud on : election day they made a fraud, fi?h for tfie ihiIIs and voted from i dev i torn till dusky ee." in O.jio the issue wua si'ia i!v joined between I'KoTE' TION AND FliKK TKlhK, ,, ... , ., ... ,. McKinlcy, the Republican eandi- late for Jo ernor. is the author ot ; thepreoellt bill, kllOW Il as "the Mt'- Kill ley tariff' bili. The Democratic candidate. Neal. is the author of the tariff reform plank in the Chi-? ca:o platform. The McKmley tar iff and the Democratic platform tar iff is as w ide apart aa the o!es. It was protection against free trade. There was no side issues or local causes to influence the result. Mc Kinlev swept the State by So,(Ht0 majority the largest Republican majority the State has given since t iiu t i ctririrf-!.! 1 il..sti-kti .lit ..i i, tl.i t 1 iv ii j .t iviii 11UL1U1I V4MIIllg llHrj""P V ...... "v war, when H rough bat Ya! lauding- betin the world, req ham 100.000 votes. ; of $.")0,0(H. No less H So popular, able and patriotic a man as Pol KS OF low A a prospective presidential democratic candidate, twice elected (oivernor f Iowa, was avalanched into everlast ing political obscurity. Public seu tim?nt in Iowa was in harmony with the public sentiment of this country in its irreconcilable con demnation of the Cleveland admin istration. In these great wealth producing States every State au in dustrial empire it was not merely revolt against Democratic methods, but an irrepressible revolution against anticipated legislation, which to them means irretivable disaster. MACHINE POLITICS. Put our immediate concern is with the New York election. There is to be found an object lesson which "the machine" in North Carolina will do well to heed. It has taken the people in New York ten vears to overthrow the machine in that State, They have struggled against aimoft insuperable odds tor hoi e t elections, ana on Tuesday last they realized the triumphant culmination of three years of zeal and effort. The great demands of the hour is honest elections a free ballot and a fair count. A people who submit to ballot box debauchery, who acqui esce in dishonest election methods, are little better than serfs and dis grace the name of citizenship. Pub lic sentiment in the south is ripen ing for just such a revolution as rescued the State of New York from the clutches of the machine. It exerted an msoleut, audacious ty ranical power. It was the rule of the bully, the bo8S," the criminal. It was mad, drunk with the intoxi cation of unbridled success and consequently its ears were closed to the voice of the experience of ages. Will the little "bosses" in North Carolina heed the admonition? Or shall history repeal itself? Qlem DEI S VULT PEKDERE, PHI US DEM extat! Jonatan Edwards. WHAT THK VOTE IN VIRGINIA MKANS. The Way the Gold Bugs Interpret It -They -Say It Was A Gold Bug Victory. Charlotte Observer. The vote in Virginia gives a denial to the assertion that the Southern States would not endorse Cleveland's policy on sijver, Philadelphia Record. The result in Virginia shows that Senator Daniel and other Southern Senators were mistaken when they claimed that the South was for free coinage of silver. New York World. In the Virginia campaign the sil ver question was the leading issue. The whole country was looking to the vote there to see if the Southern peo ple would endorse the policy of Cleveland's administration. Senator Daniel's silver views have been con demned and Cleveland has been sus tained. Atlanta Journal. Thirty thousand majority for O'Ferral is the answer the Democrats of Virginia have made to the as saults on the administration, How does Senator Daniel feel T Re allowed himself to be used as a cat's paw. He has akod his friends to vote to condemn his position and to end orse those whom he said were the agents of the English conspiracy and the enemies of the people. Ed. Poor old Virginia J The State that has always declared for free silver, has bowed its neck to Cleveland, bit the dust and set up the gold bug idol. Less foot ball and more learning would be an improvement, if our col lege Piesidents could get hold of the idea, $100. REWARD, $100r The reader of this paper will be pleased to 1 parti thai iha ic 4 east one dreaded disease that science has been able to cure, in nil ia stages, and that is Ont.rrl, w-ii'o Catarrh Cure is the ltiye cure known to the medical f rater nity. Catarrh being a constitution al disease, requires a constitutional treatment. Hall's Catarrh Cure is taken internally, acting directly on the blood and mucous surfaces of the system, thereby destroying the foundation of the disease, and giv ing the patient strength by build ing up the constitution and assisting nature in doing its work. The pro prietors have so much faith in its curative powers, that they offer One Hundred Dollars for any case that it fails to cure. Send for list of testi monials Address, F. J. CHENEY CO., Todedo, 0. -Sold by Druggists; a m I SPEECH TH KEY NOTE TO THE PQd'J. ST CAM PA GN KEFOpM5 MJST COME FROM The Common PtOR E -1-UIW I sTkl HIATS Ml Hi 11 r . - tiii.u.wi:ii-nil: ptori mi -i UHN AM OflKATK Till It H l It IIM.tlU . . ?Wk Mi .t Havk Nation! S VST KM j or Finaxa F Not a Hank Svs j TKM. TllK NkXT (iiiVENOK k Iowa Talk kok the j lV'le t Mrikm xm- llmu ll.. I ,hr 'rti. . s i (Continued from last issue. Let us try to illustrate by t xample what is meant by confidence, and bna out if we can what class of teo- pie are interested in having so much j struct ion. This system is w rong m confidence and so little money. Sup- both theory ami practice. Kverybiuly pose that five citizens of this place i knows that gold aud silver taken to determine to start a banki.ig luisi- gcther are totally inadequate as a ness. They have a thousand dollars medium of exchange. " Necessity apiece in cash, but this "free bank- compels the use of paper n.:ney. ing syst.-ui that we are told is the uiies a capital mount is ier mitted by the law. These live citi- zens go to a loan and trust company, borrow $10,000 apiece on mortgage security, buy $.10,000 in government bonds, deposit them wihth the com ptroller of the currency as security and have issued to them $4.1,000 in currency. Tho bank is opened, and we will suppose the first act is to pr.y their debt to the trust company. This will take every dollar of their funds, and if the trust company is at the money center where such institu tions congregate, all of the new issue will go to that center. The bank is ready to receive qeposits. These five men are good citizens, they are wealthy, they have the confidence of their neighbors Aud now Mr. Smith calls and leavs on deposit $10,000. This ss all the money in the bank and all we need for this illustration. Fifteen per cent of this deposit is set aside for a reserve fund and the balance $8,-100 is loaned to Mr. Ma thew at 10 per cent with good secu rity. Mr. Mathew pays a debt with it. and the check, for there has been no money actually paid out, is re turned and placed on deposit. Fif teen per cent is again set aside and the balance loaned to Mr. Mark. It is again returned to the bank, again clipped for the reserye fund and the balance loaned to Luke; in due time and through the same process John gets the balance. Now Ma thew, Mark, Luke and John have all been "accommodated," they put up their notes with good security, and so this credit, for no money has been used, passes around until al the twelve apstles have been "ac commodated." And now let us take a look at the books of the bank. They show a line of deposits footing up $00,000. Loans at 10 per cent to the twelve amounting to $.10,000 and $10,000 cash ou hand. At the end of the year, the public will have paid the bank $3,000 in gold as in terest on the bonds deposited at Washington and the twelve citizens will have paid $5,000 as iterest on their notes. Now how much capital had these bankers invested in the business? Only $1,000 apiece. That was all the money they had. AH the balance was credit, confidence. The bonds were paper eredits, the cur rency, was credits, the loans to the twelve were credits, mere book ac counts. No money was necessarily used in the whole transaction fiom start to finish, 'That is not all about this "best system in the world," $9,000 of the $10,000 has been by force of law absorbed by the reserve fuud and cannot be loaned to any body. It is absolutely dead as a meuium oi exenange. There is no legal way of putting it into circula tion till some depositor chooses to draw it out. Suppose Mr, Smith the nrsi depositor ilrHWa ni3 monev $10,000. This leaves the balance $50,000 of deposits uncovered, abso lutely without a dollar of specfic re- uempuon runa; its sole foundation is the secured notes of the twelve. When they are Daid the hanV in,ii wind up, pay all deposits and have $o,uou pronts trom the sale of credit, confidence. Whose credit was this, the bank's? Impossible. The bank had nothiner udou which credit. The twelve have paid $5,000 ior me use ot conndence that had no other real basis than their own property. The credit was their own in all justice. Could they have ren dered the credit of their property current, as the government permit ted the five bankers to do they could have saved the $5,000 for themseles. Here is preoisely where the enormous burden of debt arises. iWo ;a secret of the "confidence" the game Luai iuus industry au around the world. It consist legal form and barbarous customs by small and privileged class, the credit of the people, then selling it back to them at th capital to be used as a medium of exchange, as money. THE SYSTEM IS WRONU. On the 23rd of last a,,.,., ht H v ..ug uol .ur, epburn, in congress, said: "The distincusht from Ohio (Mr. Harter) a few dav. , tuc 11 4 By to tne whole difficulty, extolling the beneficient action of the banks he told us that we had $24 per capita of mnn furnished bv th the banks 1 1 7 T ll . . i .. . . . , . "W4 piooesses and their methods had enlarged that vn nmn until A I ..UU,Q Hum mom wag yrz per cap-,iV-ifCulatlOU aiong the people. $-4 of it was cash capital en which buraes was done it was supplied bv the government; $4S of the $72 per capita was the credit supplied by the banks-the debts of the bank, and on which they were doing business. Ihe want of confidence is not in the this substitute fer money 'furnish hv fhK.nto tu r,Qrmsned luuuey onne government, it is in tw- 18 .wh?r.e tfae the rsow, fellow citizens, is this prob lem a difficult onef Stripped of all sophistry, of all nti Za . - . , uuu ureseni- ed m the light of the naked truth anybody can understand it. The years has sold credit to industry as a tool of commerce, wonld have us eHe7.lhat they are not only tSe of be earth, but that they Irl public benefactors. Dean Swif?said "He who makes two blades of r&t grow where one erew s. ass public benefactor!" But he'a floats eight volumes of credit to I of money and takes ll L one ..1- ni. mi" I s .ii,. ,,r uaivr iii 'ii' to opr vimim !nf mtt.I ni uv held a a redemption fund was put in operation. Tht ii- nt.it! the linker to reap futir har- vevts where he bad sown but on . ' i'rfdiT a t"l f commerce upon , th aceepted ihcory of banking four times cheaper than nioinv 'This is the reas-.n that it has taken Itie place of money to the extent of ' mote than 90 pei cent of all cunnfr ieial transactions. If This '.lyMem was souud aud the public had the : benefit of it there would be no ground ! of ewmplaint. but it lacks both these i elements, aouudness and fainies. ' A streain cannot rise higher than its I siiutce, uo iure can a sound credit ' Ik- broader than its base. Yet with ' in six months by their own report I tit the government, the banks in tin Tinted States were floating 4.lHN. IKHI.iKXI of credit, upon lens than f."H0.HK,tHH tf monev as a reserve fund. Light volumes of crelit to one of money. The system is top hen tv. like a child's ton it stands - - i upright while rapidly moving, but tn in tiles nver With th 1 iirh t est nil- turn The onlv practical ouestion U thi Who shall provide the naner inoiiev - ! and who shall have the benefits of cheannossf WHAT I'l.AX IS THE HKTTKK? We are, as citizens of all parties, substantially agreed that the govern ment shall provide this form of cred it. But how ? Shall the nation deal directly with the citizen and furnish this tool as cheeply as may be, thus giving him th benefit, or shall the nation furnish the currency at cost, as it now does to 3,500 corporations, and permit them by the law, as it now does, to sell the currency to the - - - - " . V . llllll nil Just here, one of those uivths is in nconl. Mt hvii in tit.i.i it .......it jected into the discussion and our adversaries juit the geld of tact am enter that of fiction. They throw- facts to the dogs and become pro phets of tho future. We are toh tflltt CrAllfit Tll.itW. , nnnn. ........... must stand upon and be redeemable in gold and silver, in order to be sound. Let me ask upon what basis does the four thousand million of bank credit stand? If thev had al the gold in the nation it would onlv support one-eighth of the mountain; seven-eiguts would from necessity stand upon the proriertv of the neo pie. If the people supply the bases, the security, why should they not have the benefit of the credit? Aud if four thousand million credit is re quired to Moat commerce, whv sbonl not the people, throutrh tho troverii ment, provide th-s instrument them selves. As the greater always in cludes the lessei, so would this broader plan include all the precious metals more fully than the system we now nave. (TO BE CONTINUED.) NKW.S AND COMMKNT. The Hawaiian Muddle. It will be remembered that last spring during Harrison's administra tion, that Minister John L. Steyens took sides with the insurgent forces against the Hawaiian government, whereupon (ueen Lilinokalani abdi cated her throne and came to the United States to lay her case before the President. In the meantime Cleveland was inaugurated. He sent ex-congressman Blount, of Georgia, as a special representative ot the United States to investigate the matter. In the meantime a pro visional goverment was set up in Honolulu, the capital of the Hawaii an Islands, with S. B, Dole as Presi dent. Minister Blount hs ma.iu !,; report and on it the president and Secretary Uresharn, has decided that - " U4l4 V 11 1(1 Minister Stevens was wrong, in that the queen should be restored to her throne. The idea of president Har rison and his Minister was to set up a Kepublican foim of government there and annex it to the U. S. gov eminent. While The Caucasian favors a Republican form of crowm ment and hopes to see all tho world sooner or later come to that form of Kovcmmeui, yet it the queen was wrongfully dethroned and against me wishes of the citizens of her realm, then we think that the U. S fs.cm mem. suoum see the wrong undone and then be hands off. But thre are two sides to this question and we are not sure but that the President is right. WTe will wait to hear from both sides. Mr. K. H. Battle for the .ImlireHliln. A delegation from this State are now in Washington, I). C, urging the Attorney General and the Presi- dent to appoint Mr. Battle to fill the vacancy caused by the death f Judge Bond. A Revolution In Mexico. The famous (Jen. Juan Cortma has headed a i evolution in Me; against the government. Presideni Diaz has orderel out his forces to put down the rebellion. Several fights have already occurred. Dr. II. M. Tunper. founder Q,wi president of Shaw University for colored people at Raleigh, died in Kaleigh last Monday. Ho northern man by birth.' f-, xi i .. i . ,.1 -ii iif ixMintir f--ur v ,r " , 11 OOP, He came to this State just after the war Brights disease the caute of his death. Hoke Smith is down ia Georgia representing the bond holders of the O. & W. F. II 11 in their petition for foreclosure. Hoke as usual on Reside of the bond hqlder. A big fire in Memphis, Tenn., on last Sunday destroying a million do.Iars worth of property. Several lives were lost thk only menace." The Pr old Can., t.HIT not in 1 Any More. ovr vfilncial condition which is the only menace to the country's wel- Wa?d P8Perity--Groverycirye land, June 5th, 1893. t( i '"utinm-.! w i; Ii oue of his 1 : , is tho ij.'ht, ot his ! the Attornev i i, ,,, . j and trust it pn-st t ' bind Cabinet. t Story, but, if in:., i t hiit M r. RaiiM'tu , HKt I l's A A s i o, 4-. i.lpl'!e i -;.,t . ! he re-uj H'-nUn ,.; Siintiion, but it w.t. thiiii; for M r. ( , j , j is a stublKiru tn.i n ;,: j many t-ople tduhU.: ; est v mean the niiiu ing tin action he tL,; he defied all decern v for Inuh the apjmint, voing iiiiH'a hnii in ate, and atliruiaiivc In-half was not due to sidt-ration and invi-.-i cured bv a nice si n, IHilllllllltiolM should t. ! the au inurnment of t; allies of this kn Cleeland"s !i.',n.-t compHrsioii. 1 1 iMorv obtrudt :t Mr. levelainl tin- most corrupt i t n u i i . i . tu.-gr;n in . iin ri'. He took the Pre.-i.M for him by a v.-oloal ,j. , the ballot hows in :: , States. Without protest, h. .4a. the ballot lnx thief, -t.a ,, . ... Hire and receive a. In- ii fr a Democratic Cowtih-i r meut to the bem h of ;i court in New York Sun He has hcch Hill am! M the United States Sena;, suit of this steal, but iu , v has eseajK'd his lips The ballot box stutTri - !,l'i"-f- ti V .j l- till- IV. ' 'i.wt; I"1 el'Tlnj 1 1 I' d K.i ! i' mi pn- a Democratic Cow rnm n scy and who were arre.-tet! and imprisoned, he saw, w . .. I : . . . ubt or uisscni, ine.-e , i . it i ; nuU n leased by the man wl,u !,.41; j.r,,;! by their crime. lie pardoned the nn-ati. m i r.m;: in Cincinnati, ".Mike" 1 tl ,Ui j. whose dictation hundred.. ..f were jailed on election .., t them from voting the l;. piil, ticket, in order that the I .-m.K.-ru might appoint him to oilier rU the smell of the penitent u v vi his garments. In the light of such hi.-t-n v Mr. Cleveland's honest v In ai u Urs-tiiB-like suspicion. It a: lea,'. isf gests a question of the j.j omint morality over the common henL I; is pleasant to look up to the tuhi a great people as an e. mjiUr, ta the brutal facts in politie, an-remorseless in their destrin tiun f p. ular delusions. Jonathan Kiiwai;k MAICION III Tl.frJKS AI'I'OIM Mim Will speak at the folio . iug im and places: Benson, Friday, Karpaboro, Kenansville, SEND AT ONCE I.r. 'A Don't wait a week ! Let us b from you at once. Tn k 'a lcasUI certainly ought to have out 2i',0 subscribers. The sooner tin- iim are received, the sooner tin- work i making converts will luui. ii us double the readers and we will In double the good each week. S-ml i t a CIUO AT ONCE. A STRANCE CASE. Hoxv an Pnpmv was" Foiled. Tl.a fnllrB.lno n.l.U l,t 11 read Willi Inl4-iise Interest : "' iii"1"1" , t lie nurnlj, creepy sensation tlisit m-"-" "i ; lirrnu liunrii inJ I...,- I I....I I.. Mill BH'l " pioM. part until they were n-. '"J In a measure the dead feelirm that lij " I im isesRioti nr timm in ui iitn"i. ' ,j ! r.-inm! v.i Lm.ua Intnw l.m k nii'l a"1"1 1 III, 1 II ,,fjf . lomy l.aek ... ar.if Ith an ljil..-seri,' l ' .. !!. .-i. :(!, - 5- : --t, Oi---.-II.it With l - 01 ii. ley Mornaeh. l'l V el-ee : ii 11 n:.fu vc u rrttm x : ' J"? to tliesr ufiuersal conelw-ion. ' (W ..... .... ...... ... say. it continues Its insldiou, T"'irZf It renelius a vital point ami t rfllMV I 1 . V ....... nnii.l .i II I l(-r. Ili. it. fua,Ana .tn.ni IH'I .... - . . . . u .an u;..n 11 if ' mjr iinspeci. liixi"' . d a half Bteadily. tint wl" neflt whin I imw an ;i'l'""n,.jil .... u . nn'" D-t land U'gna using It, Ia,;v,''Ty(i f very bil of tl.aterwpy px-Mwi i r,H find there hart not bewli even tli indication of its return. I "" nWi Fn as 1 ever Old. and nave - ai pounds In velirl.t. thourh I li.-irf r'"'j 1 frini 170 to :7. Four nlfiiTH li:o- " incon r j r- luli,r:ie'".- IL . ri ill Ul I III'. JITJt r rt I i . J y w : - r , : m";. . ... i. kh-: dir.--i ly the Dr. Mltm Medi. i.l 1 "r. itl' ' UttlH furiB. expmw prepaid. It if rw ppiaus or Uatisceroua Urus. aug. 15 oia by AU Druggists. FREE AS AIR ' '"..ir U I"' . 'ire, eptyiuipllmuiu? UUUIfl't Cil - " r " Hl "ttttA iKllpatlon. ""'l blillf aedloM'l IIculih. V-..Z '" Nt-rvom Dbi Pwtpaid. AddresaEOYPTIAS l'yXSjAt iwo. nritu bul It m v -i- oil Fart nvw, - Mention The CArcAsuK. iunel-3mos-t-w. Reward OfloreA I will pay in cash. $25.UO for , arrest of W. l-Miott Tavlor. wWVO my mule and cart on tne ui-wuw, Aayior is wui of age, will weigh about 135 pO""j utus uiacK nair, uarK muoi-' brown eyes, and is low in 6fl0n i ( t I e I. ii"' v HallsviHe, Nov. lC-2t 2p. J (l
The Caucasian (Clinton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 16, 1893, edition 1
2
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