HAS A LARGER CIRCULATION THAN ANY TWO WEEKLIES PUBLISHED IN THE Til K Circulation of THk Cau casian excvds that of an j twu weekly imperii in the State combined. It is read by people in pvtv rriuntv in the Sfjvi It ; nrnKmkvVoan boMdt 1 udiMtnlf ia favor fF aacaal SUIona aaast ewnk now, d aw that ibey alia tWse eelvesj with tbe ftwraxi tbat da- CAUCASIAN! the r ut pitjr of the people and ! 4 it and art fijbUng far 1L I VOL. XIV. RALEIGH, N. C, THURSDAY, NOVEMBER 28, 1895. NO. 4. THE 1 m THE PERILS OF PLUTOCRACY. Congressman Howard Shows The Schemes and Dangers of Ameri can Millionairi8in. FIFTY MEN ARE IN CONTROL of Mil the Imluntrlnl mil Cemmerclal Itimliirna rf Ihf Country Mr. Howard Will OllVr a Itill to ImpeiMh Urovcr Irvtiaml o lr rrjr I'riiin Our MuUn, The New York Herald recently surprised the country by giving a twiew of a Htrong book written by ('onressnian Howard, of Alabama. The title of the book is "The Ameri can 1'lutocracy." Id the review of the author and the book, the Herald says: Mr. Howard was born at Rome, (ia., ou December 18, He be- ;iiu the study of law at an early age and bewail to prat ice at Fort Payne, Ala., when only nineteen years old. He was appointed prosecuting at torney and held this position for four years. He was also cily attor ney for two years. He has held the position of chairman of the county Democratic executive committee for ix years. In the election of 1SD1 he whs elected to Congress from the s"Vntl Alabama district by over ., m o majority. He is a htiikiu looking man, be in well over mx feet in height. His tin is beardless ami boyish looking, iinduultss serious in thought is al ways beaming with good nature. His manners Lave not the grace of a coii'tier, but he looks the very ideal ot good health and rugged honesty, ami his tine physique, combined wi'li his untural intelligence, have iu:ide him a leader of men. His "American Plutocracy" is di vided into twenty-six chapters, and the book ia dedicated: I'u tlit- t..i!itik milium of America; to all uI.kIom1 freedom; to ull who jj.H)se jlu toi r:n y; to nil wlio favor a trnvrrnment of tin- iiiiil', for the i'oplif, and hv the o- (.e. Iu a abort preface, the author says: "The rapid concentration of wealth iu the hands of a few is the most alarming sign of the times, and, unless speedily checked, por tends the decay of our national great uess. The danger is so immi nent that thinking men everywhere are alarmed, and it is with a desire to arouse the people and let them see whither they are drifting that I have written these pag s. I have an unwavering faith in the honesty aud patriotism of the masses, and believe that when the critical mo ment arrives they will exhibit the spirit of our ancestors when they de clared that ''all men are and of right ought to be free and equal " THE Kl.-K OK l'LUTOCKACY. In chapter I. the writer thus apos- tr ipu:." the memory of Lincoln:" Ah. no'. le patriot. America's ereat com moner, divinely appointed and divinely in quired, today we ure living in the epoch which thv tTophetic soul foresaw. We are entering ihf miir shadows of doom and 1 unpen. iuil; ui-ooiui ion muni iuuu uiusi i . . I. I...: ... ..-... .4...... pre-iict woiiui novt r over me nation, anu . . , , ' T . . mile-, (lo l apeedilv raise- up from the ranks ! Abraham Lincoln." of the common people a leader with thy The great issue of the future, he zreatnex of inte iU . t. thy jroodnes of heart I thinks, will be a stupendous stiug m.l grandeur of soul, ti e ople -,ntn(,rll,; anA Flam. vhoe ranks thou didst spring, ana wnoru thou didst lov-, even in thy years of glory. will he in ;i UituhiL'tf far more oppressive, move jr.i '.ih-' and cruel than were the poor hlack men for whom thy great heart did I -iced. The author declares that amid the sectional hatred and disputes which followed the close of the civil war, "patriotism slumbered and slept while politicians, not statesmen, kept watch aud ward." "The mouey power now came upou the scene and peeped cautious ly arouud at first, but seeing that the people no lousrer were zealously guardiug thir liberties, seeing that crafty politicians w re steering the ship "of state and that the people were blindly r'ollowiug their leaders, who counnually fauued the flames of sectional bitterness, it became bold and threw off its timid, fawning air aud assumed a most insolent swagger It began to stretch out its long arms in all directions and grasp with its greedy fingers the products of the people's toil, yet the people, blindly deluded, heeded not, V-uf went on shutting their eyes and closing t heir ears to the perils which surrounded them. So it became an easy matter for plutocracy to strengthen its foothold and soon it began to fasten tr-e shackles of sla very upon the people. "The masses have grown poorer t;uh year, while plutocracy has grown "ruber. To-day th-re are in the city of Sew York 1,157 individ uals and - states worth a million dol lars each. There are in Brooklyn Ui'J individuals and estates each worth at least one million dollars. John D. Kockefeller is worth one bundled and twenty-five millions; Wilhatu Waldorf Astor. one hun dred and twenty millions; Jay liould's estate, one hundred millions; Kussell 5a,ge, ninety millions; Cor nelius Vanderbilt, eighty millions, and so on down the list. It is esti mated that there are now in this country about three thousand eight hundred millionaires. "Let it be remembered that where oue of thesd men accumulates his ten, twenty or a hundred million dollars, he does so, not by his own labor in producing the wealth, but by some legalized method of rob bery, by which he steals what others have earned. Thirty thousand men, or fewer, own out-half of the wealth of this country, and two hundred and hftv thousand men, out ot a population of almost seventy mil hoes, own eighty per cent, of our total wealth. Half our population are all the time employed working for thirty thousand of their fellow ten, who are no better than them selves "This organized band of plutocrats .1 nas managed to control legislation and to get possession of eTery avenue of commerce aud trade and crush the life out of all competition and oppo sition, and now plutocracy reigns supreme, and instead of fawning for favors, as was its wont m its embryo days, it now force all the world to come and worshm at its shrine. From 1SG0 to this country ae cumulated one hundred thousand million dollars, enough to secure a competence for every man, woman and child in all the land, enough t provide a comfortable home for every family, enough to edueate every child, clothe every halt naked little body. Where is this wealth to-day! Half of it has gone into the coffers of thirty thousand men. Eighty per cent, of the remainder into the hands of two hundred and fifty thousand. How long will it be ere a few hundred men will own all the wealth of this mag nificent country? We can save our American institutions. Shall we do it, ere it is too lateT" THE MONEY POWER. To substantiate his charge that a money power exists Mr. Howard quotes Chauncey M. Depew, as fol lows: "Fifty men in these United States have it in their power, by reason of the wealth which they con trol, to come together within twenty four hours and arrive at an under standing by which every wheel of trade and commerce may be stopped ironi revolving, every avenue of trade blocked and every electric key struck dumb. Those fifty men can paralyze the whole country, for they can control the circulation of the currency and create panie whenever they will." Thea the writer goes on: Fifty men, cold and heartless, who have grown rich by the will of others, men who never produced one dollar of wealth, are able to throw every laboring man out of work and to turn millions of women and little children into the streets to starve! These men have accumulated their millions for the most part by robbing honest toil of the fruits of its labor. Mr. Depew has overestimated the number of men nec essary to produce such a panic. Twenty rive could spread disaster and nun. Take, for instance, the twenty-five wealthiest men in this country. They are worth in the aggregate, ll. JOO.OOO.OOO a sum almost equal to all the money, gold, silver and greenbacks, we have in the United States the total amount in circulation October 1, 104, being estimated in round numbers 1,665,000,000. Mr Howard then asks the reader to study the following table of fig ures: Total value railroad assets. . $11,855,908,006 Capital and surplus national banks ... 931,200,000,000 Assets ioint stock companies. 170,000,000,000 Assets life and firs insurance companies 1,300.110,000 Twenty-five millionaires 1,200,000,000 Total value of all millionaires. .15,583,228,0u0 "This," says our author, "is an aggregate of wealth equal to the value of all the farming .lands, fences and buildings of the United States, added to the total farm prod ucts for one year. It is more than nine times the value of all the money in circulation in this country. It is five billions more in value than all the money in the entire world. Af ter a careful study of these figures, can any thinking man doubt that there is a money power! For years the people have been deceived by the minions of plutocracy. How long will a free people submit without a protest to be thus bound hand and foot!" THE PLUTOCRACY. Mr. Howard despises the "so-called Democratic party" of the present day. His Democracy is the Democ racy of Grover Cleveland, for that is only plutocracy masquerading. 1 mean the Democracy of Thomas . .lffrnr. AniirAv -T i 4T illnn A. n a w To aWoam a n sw racy, between the moneyed class and the common people. The mas ses will rise. "They (the capitalists) scoff at the idea that this question is to enter into the politics of the future, but while they thus scoff and pretend to feel no alarm there is no question but what they hear the mutterings of the approaching storm." But the more imminent the danger the more arrogant and insolent do the plutocrats become. It was so before the French Revo lution. It was so with Charles I. It was so with England when our ancestors were compelled to deciare for freedom. It was so with the slave-holding South. The greatest tools of plutocracy in this country to-day are Grover Cleveland. Presi dent ol the United States, and his trust champion, Attorney-General Olney. Time was in the days of our fathers when a man holding a high office, who willfully refused to discharge the duties which he had taken an oath to faithfully perform, would have been impeached. Upon what degenerate times have we now fallen that the Attorney General persistently refuses to enforce the Anti-Trust law ana is upheld in his course by the President? Mr. Olney is unworthy of the high office he holds, and should have the decency to resign, Laborers of America, let us fight tor free dom as our fathers did at Bunker Hill and Yorktown. It is a battle yea, a terrible battle. Plutocracy is thoroughly organized and equipped for conflict. Let the people rally round the Stars and Stripes, shouting the oattle cry of freedom. Men of America, let us win the battle if we can by constitutional methods. But u we prove recreant to our amy ana De- tray the trust which our fathers have re posed in us, then constitutional methods will not prevail, and this continent will be shaktn by a mignty revolution. THE CRIMES OF PLUTOCRACY. He walked through the streets of Chicago during the recent strike in that city and "saw scenes of misery and despair that would make the angels weep. Oh, plutoc racy, thou art responsible! I charge that plutocracy robs our girls of their virtue, steals from our little children their daily bread, deprives them of an education and makes them prematurely old. It forces tears to the eyes of the mothers of the land, palf s their cheeks, bows their forms and breaks their hearts. It robs men of their independence, the laborer of his hire and turns into the streets a vast army of vagrants It fills the jails, the almshouses, the brothels and the gambling halls. It is guilty of most of the murders and suicides. It gloats over human woe and fattens on human suffering. ' Plutocracy is on trial betore the American people and liberty looks on in breathless suspense. Will the virdict be firuilty or not guilty! n lie - - w W " goes on: The richest man in this country is John D. Rockefeller, who is worth $125,000,000. he made it oat of the Oil Trust. He is a member of the church and has given large nuns of monevto relurious. educational and great charitable scheme working in hi be nevolent neart at tne present nine, ana uw he needs some more xnonev to carry it out, for the price of oil has been advanced and the Door are now paying more ttlan twice as much for it as they did a short time ago. When the pious Mr. Rockefeller makes his offerings to the LoH does he ever think of the drops of blood from broken hearts, the rraans from squalid misery, the tears from human agony, which have been coined with each shining dollar? Does he realize thai he is offering the Lord blood money? Bnt the Trust of which he is the leading oirit has so long bean aconatomed to bribe officials and legiabUora that Rockefeller actually has the impudence and aaturmnce to try to bntw toe Lorn, ijet us overthrow plutocracy and we will destroy the trusts. There can be no half-way measures. CLEVELAND "a STRUTTING OOLIATH." In a ehapter devoted to a discus sion and survey of the 'free silver question the author says: "One of the most remarkable papers yet is sued by the goldbugs is one emana ting from the White House, bearing the signature of Grover Cleveland. In this letter the President sounds the bugle blast and raises the black flag of plutocracy, and cries 'On to battle! The people are ready to meet the host of Shylock, headed by the strutting Goliath, and fight them to a finish. In this ponderous pro duction Mr. Cleveland attempts to array the wage earner against the farmer, by suggesting that if the farmer's productions were enhanced in value under free silver it would not benefit the wage earner, because he would have to pay more money for what he bought of the farmer. This statement is fallacious for two reasons first, because his wages would be increased in proportion to the enlargement of the volume of the currency; second, because his wages would be increased in a cer tain ratio to the increase in the farm products which he would have to purchase, and the amount he would gain when it comes to paying fixed charges, such as rent, taxes, interest on municipal, State and national bonds, would far more than com pensate him for any small loss he might sustain on the increased cost of farm products. The tingle gold standard is the strong hold of plutocracy. Let us go forth, storm the enemy and re possess the land." In conclusion Mr. Howard says: "We cannot hope for mercy from our masters. They have no thought of lessening our burdens. Even now, as Hunger stalks abroad in the land, they sit at sumptuous banquets and plot other robberies and other schemes to complete the subjugation of mankind. But the spirit of liberty has been aroused and burns anew in thousands ef hearts, and the blazing torch is being passed from hand to hand and carried from home to home, warning the people of their danger and preparing them for battle. The spirits of Washing ton, Jefferson, Jackson and Lincoln have returned to earth and are fan ning the smouldering embers of free dom, and some night, while the plu tocrats are plotting against the peo- pie, these embers will suddenly leap into flames of patriotism and the spirit of 1776 will animate the com mon people, who will throw off the golden yoke of tyranny." Congressman Howard will devote all his energies next session to his famous bill to impeach Grover Cleve land. He has been at work on the bill all summer, and, it is reported, has gathered together a vast mass of documentary evidence. He has also read up all the famous impeach ment cases of history. FARMERS MAKING TOO MUCH MONEY! And th Combines Will Put up rriccs of all Things Needed by Farmers. Kansas City, Mo., Nov. 9. There seems to be a general impression that the farmers are makiner too much money. At least there is to be a general advance in prices of all farm implements and machinery before the supply of goods for the coming season is shipped from the lactones. The matter has been considered and has received the endorsement of neatly all of the strong associations of manufacturers of the country Those who have not already agreed to the advance are not strong enough to combat the combine tor increase of prices, and even if they were they ack the disposition. The advance has been ordered by the combine, and when the new price lists from the factories make their appearance they will show an increase of from $2 to $o on wagons, and from $1 dollar to $5 added to the cost ot plows and. other machinery used by farmers. The advance is to include everything from a steam thresher to a garden rake. WHY IS IT? Some Pointed Questions Answers. and Pungent "Why have the goldites never ob tained leeislation or secured adminis tration to maintain tbe gold standard. exceDt by fraud or bnberyr Because the masses of the people are honest and would not tolerate tbe bondbolding conspiracy to double debts and destroy business, it tney were not aeceivea and tbe leaders bribed. Why do the enemies of free institu tions deprive the people of money be- fore they attempt to use tnem as slaves Because tbe courage ot man never leaves him until bis purse is empty. Why does Cleveland have contempt for tbe opinions ot the masses? Be cause he judges the people at large by bis omce-nolders, who exchange tbeir opinions for fat salaries. What's the difference between an anarchist of poverty and an anarchist of wealth? The former wants to de stroy everything and the latter wants to get everytning. Why do so many Democrats prefer the Democracy of Cleveland to the Democracy of Jefferson? Because Jefferson is dead and can't give them any offices. Why do venal politicians always support a corrupt administration? "For wherever the carcass is there will be eagles (buzzards) gathered to gether. What is tbe worst money? Tbe money that creates the most misery. What is slavery? Getting the labor of other people for nothing. Modern Justice (?) In South Dakota a State treasurer stole 1360,000 and got two years in the penitentiary. In Indiana a rich murd erer got two years while a thief who stole a suit of clothes got three years. A bank wrecker in Indianapolis who helped to steal $450,000, went scot free by the verdict of twelve good men and true" and a man who stole a dog and ate it is in the workhouse, says the American nonconformist. What's The Use? A Kansas man has discovered that brandy can be made from wet elm saw dust, and a discouraged Prohibition ist asks wnat c nance tne good cause will have when a man can go forth witn a rig saw - anu get arunc on a fence raiL ARE THE BANKERS IN THE FISHT7 Wall SMMwksUj-lt torn Sm afc !! Hlow la Aajr OM Party rSMr La Ts Kuw. IsTDiasaroLis, Ind Nov. 12. Mem bers of the Indiana Republican State central rommitfcee aay that John Win amaker has sent $10,000 to Indiana in settlement of a claim the Republicans have urged sinoe 192. Tbe story is that Wanamaker, presumably speak ing for the national committee, agreed to stand good for tbe amount when the Republicans under stress of weather asked for help. W. T. Durbin, of Anderson, depending upon tbe na tional committee's promise, borrowed tbe money for tbe committee, and has been trying to secure sentiment since. Tbe story of this debt, as known in Washington, runs as follows : luring tbe campaign of 1892, when Mr. Wan amaker made bis speech-making trip to Indiana, he met sone of tbe party leaders of that State at.Indianapolis, and canvassed tbe situation of affairs with them. They were not quite sat isfied with conditions in Marion county, though the outlook in tbe State appeared promising enough. "Why dont you put $10,000 right here in Marion county; it might do some good," Mr. Wanamaker is re ported to have said. "But tbe committee has no money," came the quick response. "Borrow it, suggested the rhiladel phian. "The committee will certainly pay it." But tbe committee would promise to do nothing of the sort. Then it was that Mr. Wanamaker, according to the story, volunteered, himself, to be per sonally responsible for tbe loan. On tbe strength ot this assurance, Mr. Durbin, a banker, with good resources, raised the $10,000, and the committee put it all into Jarion county, as the then Postmaster General suggested. But it did not save tbe county, tbe State, or the Nation. Everything re sulted disastrously to tbe party. Banker Durbin subsequently sought be payment of the $10,000, but the Republican managers in Indiana badn t a cent. He came on to Wash- ngton to see Gen. Harrison, but tbe latter knew nothing about tbe ante- lection promise of his Cabinet officer, and did not himself feel any responsi bility in the matter. Mr. Wanamaker remembered the incident, but did not think he ought to be called upon to pay the debt; that the Republican managers out in Indiana ought to set tle it. And so tbe thing bung fire, much to Banker Durbin's disgust, until now Mr. Wanamaker has closed the incident by giving bis check for tbe amount. Washington Post. "The return of Senator John L. Wil son, of Washington, to the city, calls to mind his election last winter," said a lounger at Willard's, yesterday. "Wil son made bis fight entirely on the sil ver question, while his only formida ble opponent stood on a gold piatiorm. When the legislature convened in Olympia, everything pointed to Wil son's defeat. Levi Ankeny, a banker of Walla Walla, had carried on a sys tematic campaign, had a press mana ger, and was unstinted in tbe use ot his money. It was surely an Ankeny legislature and sound money was booked to win. Tbe nrst days oauot- ner revealed the surprising fact tbat there were others, to change a familiar phrase slightly. Wilson had about as much strength as the banker. Several days passed and the situation remained unchanged. There was talk of a repe tition of the deadlock of the preceding year, when John B. Allen failed to be returned to the Senate. It was neces sary for the Ankeny forces to pull themselves together and to do this some money for campaign purposes was needed. 'Entertain the boys and get their votes,' urged the Ankeny managers, 'for v nson nas no" money. The banker was called on and respon ded promptly. A messenger, the press manager, was dispatched for money. It was placed in a satchel and cnecaed at the hotel for the night. The press manager was a newspaper man, noted tor nis convaviai aisposuion ana gen- eral popularity. I be money was safe with him. In the dead of night he boodle, and a train for California nassinc- a few minutes later had him Jv- " - for a passenger. Tbe election of Wil- son followed in a lew aays. in is said that the press manager carried away an amount of money estimated at from $5,000 to f 20,000. Whatever the amount, tbere was a scandal which was suppressed, but no effort has ever been made to apprehend the man who, by stealing from Ankeny, elected Wil son." THIS IS A HITTER. All The Demy Papers do the Same Thing;. Hickory Mercury. 1 X X a t a rAii wao I n?hat tha iO Kaelf f a Observer said about the recent eleo arv K Ir tions? It put on a mighty long face. me wnoie imng it never menuonea jur. Cleveland. That means that the Pres ident was not in it a little bit. It mentions in twenty places tbat tbe pops were not in it. It wouldn't ad mit tbat the pops were the only party that made gains, while both old parties lost, It said democrats had a good chance in 96: because from now on. they would not be responsible for what congress does, That's a shameful ad - mission that democratic chances are better when they cant than when they can do anything. That is, they are better -at promises than at actually running the government. Then it takes great consolation tbat sound money won, wbich shows that such papers are more concerned to save the money pow er than even a political party. Then! it winds up witn consolation trom tnei fact tbat John R. Gentry took the race from Joe Patchen in three straight beats at Reidsville recently. That means tbat all this run ning, voting, etc is on a parity with horse racing. v.. a national janas. ssouna aioney.j It seems strange that so many peo pie at this late day entertain the erro - neous idea that the government is re- sponsible for the liabilities of national banks and secures depositors against loss. Depositors have no more security in national banks than in any other kind of banks. Tbe only thing the govern ment agrees to do is to redeem the notes issued by a national bank. The bonds deposited by national banks are held for tbat purpose, and not for pur pose of making good any losses depos itors may sustain. Perhaps in time the great mass of people will get a true conception of the national banking system and the knowledge that it was made to skin the people and not to protect them. Aa Opinion bj Cel. New From the Indian polls JournaLl If Mr. Cleveland shall be nominated by the next Democratic national con vention it will be because no man like Stevenson, Campbell, cr Whitney will take the nomination, and it will be done by delegates many of whom will delight to see him buried under the m . - largest majority. BA1IKERST. JOHN'S opinions. On the Free and Unlimited Coin age of Silver Before the Bank en1 Convention. HE WAS ONCE A G0LDBUG, A ad Seagal tm Fiad facte tm Prare the Beaaty aad Heaeety ef tae Cold ataad ard Bet a Stady ef tae Oaestiaa Coa Tertcd .Hlaa Oae of The few Baaaer Wne atady. During the recent convention of Bankers held in Atlanta, Mr. Wm. St. John, president of tbe Mercantile National bank of New York, gave in interview and made a speech strongly favoting free coinage of silver. IMr. 8t. John is one of the few bankers who have given the ques ion thorough study. When Banker St. John began his researches he started out with a view toward get ting up data and facts which would show that a single standard is to be the only standard desirable and the only one that could be properly maintained. Mr. St. kJohn told the Atlanta Constitution of his conver sion. He is an exceedingly pleasant man, and speaks with ease and with wonderful fluency. He has facts and figures literally at his tongue's end. HE BEGAN AN AKDENT GOLDBUO. "The story is a very plain one and a very logical one," said Mr. St. John. "It was in 1884 that I was elected to membership on the finance committee of the New York cham ber of commerce. The chairman of this committee sent for me and urged, as I was the jnnior member, the importance of the question. He told me that I was expected to pro cure and marshal the historic facts with which to overcome the plausi- ble sophistries and alleged facts of the silver men. "I devoted six years of my re search to seeking every historic fact adverse to the free coinage of silver. I shunned everything that looked favorable to silver coinage, believ ing that it was appearance only. CONFRONTED WITH FACTS. "One day I stumbled upon the fact that France opened her mints in 1803 to the unlimited coinage of gold and silver, and kept them open without break for seventy years, until the Franco-Prussian war and the subse quent sales of Germany's silver. "I fonnd that 15 to 1 was the coinage ratio of France without a change for these seventy years. Our ratio of 15.988, or say 16 to 1, valnes silver at 3 cents on a dollar less; so that a dollar's worth of French sil ver coin coming to our mints would com only 97 cents. "I found that in ten years ending with 1810 the production of silver averaged, in a year, 504. times the weight of the gold produced in the year. nevertheless, tne inarKettof producing and harvesting, and price of silver was lo.b, equaling 1 of gold the mint price being 15.5 to 1. SEARCHED FOR A GOLDBUO CAUSE "Hooked anxiously, exhaustively, for the cause. I could find no cause for the market price and the . mint price that controlled and dictated the market price. 'I found in the ten years ending with ISoo, a complete reversal of the I relative production of gold and sil- ver. Whereas silver had been pro- AnA tn tb wio-bt nf SO tim th wejght of gold in a year, it had come I - i c .i - i J : . 1 weigni ot me gom a jrear iu tuos ten years. "Looking up the prices 1 round that the market price or, silver was 15 4 as against the French mint price 10.0. FOUGHT AGAINST CONVERSION. "I fought the conclusion with all my pride of opinion and with ever persistency of research, but 1 could not resist finally the fact that the volume ef business in France and her trade relations combined to cre ate such a demand lor money in France as enabled the French mint E7 I AULiO no cuaticu tun av a VUVi AaAAaa ti ,nl rf,tat th mrlrt price of silver and gold still. v""""- Ul 1VO IL. Dllf ot cAAva kvau etui "Determined to pursue the stmg- glein behalf of my prejudices, I Lj t mv ,nnRtAmstL thA found to mv consternation the trade movement of gold and silver into and out of France to be governed by some force superior to that of rela tive production. When gold was proaucea ine wre uuuunUj uib tendency was for gold to come into Franee in greater quanity than sil- 1 yer. When silver was the more abundantly produced, the tendency for more silver than gold to come in was evident. I fonnd much gold and little silver at one time, and much silver and little gold at an other. "Hut I did not nnd it the rule, as my prejudices desired, to find one metal going out and the other metal eomintr into France. -The so-called flroeham law coAmnri tn RIAAt a en. : V rH k.. 1C . . - 1J J :i mat me coinage ui K"iu in France, which was by the volun- I . . a. At er jl i .1. 1 . uiry request 01 owners 01 uie metaw, was seemingly governeu uj tne muib - 1 superior monetary principle. 1 "For instance, in 1S06, when the silver was fifty times the production of the ld in a year, the coinage . . k.if.Jk.iu er. In 1818, while the production of silver was forty-seven times the production of gold, the coinage of srold was seven times the coinage or silver, seven times as much volun tary eoinajre of the seareer metal that year. SAW HE HAD BERK IK GROSS ERROR "Well," continued Mr. St. John, alowlv. "I need not pursue further the line of mv tuition out of treiu a; UniMI an1 flnallw intn dice inta fairness and finally into self -conviction of previous gross er ror. "Enough to say just now that if Franee, with her population, rang ine between 30,000,000 and 35,000,- 000 and occupying a territory only one-seventeenth the area of the United States, could govern the I market priee of gold for the world I U m A a.b aala eVaaavaa aV Aa. ea aa 1 wnen 11 iiiuaucuuu iusuts w sutw half. fourth. be pr- mmeu to try to atctate me pnee now when the relation it as one to eighteen and a half; that is. when ft.. ...... ,:i : , i was only aa one to foar and and when one to fifty aad a the United State ought to "V. T i obij production of ailtrr. The? Ue p.b- eighteen and a half times that of rd this im to tb front etii ma ay Kld. people have really bra led t leiaa tt France did not produce either was true. That silver was a loader metal in any amount worth mention- uitable for money brranee tbr ing. The United States, on the other B,urh o1 iu pfc!a the U4lrm. band, is the world's largeet producer 'f art1 " exrbDp- f lh of silver and second largest producer lnUiS: Uu" of roId- Malnall. of IxHidoa. a celebrated ate Hi talks TO THE COXYEXTlox. tlMiciaD. state tbeqaaatitj of gold aad In a speech made to the conven tbe worW rolned and u nota tion Mr. StJohn, in a few aentenee. ttfJKSttJSi?"' demolishedold "Bean-aoo Atkin- T.SSS?!Tei.-aUmu on and then gave some plain facts oo too of gold. among which were the following: In tbe year 17uo, S4 tone of ailter te "The school of plausibility oontents one too of gold, itself with saying that five double In the year l&uO. X3 tons of ailtrr to eagles hammered smooth are till $100, while a silver dollar ham mered smooth is worth but CO cents. Thus, gold abides the hammer test, silver does not abide that test. Hence, gold alone is good money. n e answer that tbe crucible or bam- mer test is the safest test of money; but the whole truth alone contents owner who deposits it at the mint, We propose that our law shall be- stow upon silver likewise this right of transition into money. Then, and for the like reaeon. 412.5 grains of silver nine-tenths tine will be a dollar similarly, in the silver dollar undefaced or hammered smooth. MONET AND INDUSTRY, i "WenroMMn :n.r. a.f?na? .a i5 f gate of money in the world along with the worlds inrr easing aggre- gates of all commodities and services, we propose thereby to stimulate, I rather than repress, production; to assure fair prices for commodities and services when in fair abund ance; to assure the producer bis fair share of the real wealth which he creates. We thus propose by law to I tdnfl to thfl i! KEAmi nitinn Hrha Ihanl toward the aggregation of wealth- 1 he price of a thing is the sum of money that will buy a stated quan- titv of that tbinir Whn . .nnnl. a thing relative to the demand for tne tnmg is normal, tne price of the thing manifests the Values Of money, j r - . "-ffi I v To bankers commonly cheap money is money loaning at a low rate of in-1 terest. I am dealing now with the value or money, manliest in prices lor commodites and services. PRODUCTS AND HONEY. "With all mints closed aeainst silver, so that all increase of the world's aggregate of money is too restricted, Georgia may have a fair price for a fair crop of cotton, pro- a ewe a n vided lexas and other states are short. Wheat, after a decline to 55 cents rose, between crops, to 84 cents a bushel. Recently it is down again in Chicago to 60 cents. Corn, which brought 60 cents a bushel when there waa little or none to sell, has recently dropped to 27 cents. I when the farmers' toil seemed about I to be repaid. If 'improved methods modern means of transportation' ac- count for prices, what accounts for this same low price of wheat in Lon don three hundred years ago! I ob serve also that excellent hops are rotting in the fields of New York State for want of a price that will pay to house and enre them. Spec ulation may enter hops hereafter and advance their price, when all possible profit on the part of the hop-producer has disappeared. ALL INTERESTS ARE IDENTICAL. "The banker has another vital in- I terest in a rising plane of prices. money I :al i i mi . - wnu ine Borrower, me producer borrowing money adds his time and I energy and invests the whole in his production, w hat he owns is money. His product must yield money or his ucu. vouuvi. uaiu. UM urwiBCl us. Five donhla oaod. contain, wunoui any lounuatloo id 2 .M0 crrain-nf int-tl,. In tbe I oited Stairs fur n., i.L ..ran : . "t7 . I bundred years, silver ;ViT ' t" u mBe- were at a parity, aa coin, w tenths fine will become $100 for any was more l.-r fa the miA t must yield money in excess of thelTiw fr tk. nti 1 m.w . sum invested in production or tbeh&e: producer gets no profit. Unless profit is his outcome of his produe - tion, production will not continue. His discouragement reducing prc,t"ost,00,ce?, "e forlorn nope. duction becomes later the misfor- tune also of tbe transporter, of the seller, of you who facilitate ex- a, a . changes, ol tne consumer after all. 1 a .i- ; . j? 1 . m finishing aggregate of money and continually falling prices is next a distrust of your securities, a decline - vi. jwiu uiuwituuo uisui- ulOLIUl, v uur SWttr,.UM' oeciine and the cure your loan. Your 'fixed income.' if any, is in danger. This is a teach ing of the historic school. MONET CIRCULATION AT A STAND STILL. "You repealed the Sherman act in November, 1893. and cut off thereby abruptly, $00,000,000 yearly in - crease of the world's aggregate of money, in beptember, 1894. the once of cotton was lower than in thirtv veara. Th trie W w.c w,. th.r. ; fc, u. "T n- ;:i:i i 7, ZZrZr f ' - .w. - VUU OX corporate 8l OCX and DOndS - 3 - m ' . , ".UBUi 1UI wiuuw. ana orpnan I ..J t I .?: A .1. 1 omco uie rejiwu i uar onermin act,' the aggregate money of J1 1 J iL . it li. J CV Europe anu me umiea oiaies 1 at 1 hubsuu, except a gom 1 ouerea I for conversion into money. Yon must provide twelve ounces of pure gold if you would add 250 to the aggregate money of Europe and the ttJj k... . : . I you would add f 1,000. WHAT WE PROPOSE. "British law eonfers upon the pos sessor of a troy ounce of gold elcwen- twelfth, in.', till, of 317. 9d of r.ngun money on oemand; or be may command X3 17s 10W for it, ii he will await the convenience) of the mint. Our law eonfers niton thm nossessor of srold nine-tenths Ana - 1 title to money of the United Stataa. I m tha rata f 1 -ku . - - - w tiayi Z TJr. Zi. 1 c": crauj. uwiu ui uio lump ana go coin are in us maae virxuauy one. "We propose that the law of the I United States shall confer the aimi- I lar right upon stiver at the value of 1 15 988 to 1, a mere return to our in- I dependent bimetallism that was our I acceptable coinage yatem during fl Aa aJsW aVaa aaa aaaw i bujui. jean. were in aeiatut lor dividend and people everywhere, being for silver, in whieh tj say ,-Wa demand im-i?HS!.iuJ- I? lnCme" wHw"J5ri.' "Hi fi r.' I mediate financial ierUcTby Co.! UNUQKS AKSVGEHT. lard Paa At I taa riadt aaarcsUashtl Tbe organ of tb Tide! trust" have ,.,wm aa tarrv was . rrrai QTer- on5 100 of Cold. In tbe year li, 31 too of ailvrr to one ton of gold. Io tbe yrar lv0. la tons of silver te ooe too of gold. in tbe year ltn. 1 ton of silver to one too of gold. t rom this it will be observed that all (D'a talk about tbe over-production of causing iu derline io price, is I act. more than and rold ben there tion to gold, than in l:i w beo it was practically demonetised io the United States, and excluded from the ml ut a. At tD erT tia IL1 monstrvua !tKU,!!lieJ lnJu7 l1'''. L'j:.0"!! i lb 1 n"rd,?i "orth m premium ott dol- According to the report of tbe direr- tor of tn mint, there i of gold in the world 3,727 "lSOO dollars. Of silver, rS207IM6, only about 3,UV W more of ..,, than The above facta completely apart tbe theory tbat tl.e over-production of silver baa caused its depreciation io value. That tbe demonetization of silver in the United States, (irrmany, and France, by which silver was excluded from its largest market, tbe mi nta, to wbich gold is freely admitted, caused its depreciation, is a proposition too clear to admit of argument. K t 7.n.: t . ft m locates of the single gold standard nave been exploded; aod yet they ad- ?re lo In "P,l? OI ine P'Pb ruin t nas occasioneu in tne i nited Mate here to the filanciaT Mky of lr". Cleveland' administration in lea than ten veara the dehtnrrlaaa nf this v.n. trd will be irretrievably ruined, and all industries paralyzed tosucb an extent tnt thousand will be added to the al ready immense number of men, women and children who seek employment io vain. There is but one way out of our financial distress, and that ia tbe free coinage of silver in tbe United lStates, whether Kngland, France and Ger many co-operate with ua or not. The sentiment in favor of this proposition is growing. North, South, Kast and West, and the ooner we reopen our mints to silver, tbe better. THE PEOPLE'S TICKET OF 1828. Aa Iatereetlas Belle ricked eateCalasn- ai Sound Mouey-J Mr. Fiahback, chairman of tbe Peo ple's Party of Franklin county, pre sented the office of Sound Money a photograph of tbe ticket used io tbe presidential election of l82S,io Ohio, tbe original of which ia owned bv Mr. David Ilerr, East Seventh street. Col- umoua, u. strange a it may appear to our latter day Iemocratic leaders. tt did not bear tne name of Iemo- crat," but was known a tbe People ticket. Tbe following is an exact copy of part of the ticket : the rmorvmrn ticket. ; For President : ANDREW JACKSON. Gratitude, Glory, Patriotism. For Vice President : JOHN C. CALHOUN. Tbe Democrat of 1828 mutt have been tinctured with Populism to have the people favor free coinage. They adopted tbe motto: Gratitude, Glory, knew this when they drew op the Patriotism." It is in striking eon- platform upon which Grover Cleve trast with tbat motto of Gold, Greed J d :lMt(a and in eortkoratad I and Plutocracy, for Ife'JS. PeaedlaU. Heldaa Year Heaaa. Editor K. A. Cobb, or toe Mor - I 1;.. :. .1 I In 1892 when tbe Populitt or Pro - 1 pie's party State ticket waa nominated,! I with three State ticket In tbe field,! rtTTu1 X ?rt? ,1 SJLtn tSS: l1 . I ea sen bvg ve wear VH wi a a, are; a avaw a1 Exum. candidate for Governor, waa nnoinioon ever- siae. im wnirieM ua, vivin i ihti vut 1 . , . . . , who occupied ticket. ning to end ed tbe second place on tbe wa belied from begin - al Afl ilAB em a. 1 1 aa a - - r - notwithstanding all tbi.tbey receiv - ed 47,000 votes in thi State, their pnn - ciple being right and their motto was : Work for the relief of the down trodden people. LVT "7 ".'"1 1 the Ponuliat Partr both in thi State land the nation, bold tbe balance of I power, and is ia a position to wield a I I powerful influence in this state and I the nation to the coming election. I It U tbe honest opinion of hundred, of the most far-eeing men of our I country that if both tbe old political partie n,Ut Qpon m .old standard I national nisf form the tnaeaaa nf the I . 1 ,mrxj Ifnrai hsinv lait nnnn a M.ia laritl mmetntha PnnnlUt tart .highland trCASUry noU But be retired "." " .1 1 ; aivnolita m.hm kli'un a ava av Ma a vi we vs eea aw eac 1 hdm: there is a brighter dav cominr I when instead of beinr met with rot I ten egg, inu It, lies and every con celvabTe misrepreaentaUon, we will be et with smile and hearty hand- I shakea. rarMf Tbe ruling claa always the mean of communication and tbe process by which it I distributed. The I ""'JS i'JZ no voice, or. if having a voice, be cries I out, bis cry i lost like a about in tbe I desert. Capital ia tbe Dlace of nower I aeizes upon tbe organ of public otter a I nd howle tbe buaibie down. Ly I ,BeT m?d mlswpreaentatioo are tbe I natural weapoo oi loose woo main - I r.l. an aviit .i. mK K I nsurroc. or criasev Kidpaths History Ml I of U WOTM, VOi.4, page 410. Chicago Tim ITaraVtJ The notion that "a yellow dor be elected on the Republican ticket or any nut the Democratie ttcaet Eear coostitates the first streak of day ght the DenMcraey nas seen since the eiecuoa. DBDOCRACY VS. FREE SILVER Whj Free CoUar. 0f SUrcr Caa aot Be Secured Throufk the Deaocratie Partj. BECORDS, FACTS, 0PIBIW8, Watoa aae aa rasatte aad Vleae ef Ite rate srtMt Waa4 Tita Talaa. Under thi head wll be praaeaUd eommuatcation competing for the ceah pntea anaonnead la where for the beat article oa - Why the Free aad Unlimited Coin a re of hi J ver Cannot Be Obtained Through the Democratic Party."J TokACOovtLLa, N. C. Nov. 30. Can the free and nnlimted eoaaga of silver be obtained through the Democratic party. This i a que tion that i agitating the tuioda of many of oar beat cttitea who have agreed that tbe restoration of ail ver to it former position is the only hop for the country, but they are But derided as to how it ran bw se cured, home are hoping, notwith standing the many DlMAFTOlXTXaXT AID BkOfctX FLXDOfJ we have experienced at tbe hand of tbe Iemocratie party, that yet ia omennanown way we may be LI to get it tbrJfecb them. They have aeen and felt the great di treat abroad in the land since the gold standard ha been foreod apoa the people. "Hard time has knocked at the door of every honest toiler. I care not what your occupation may have been yon have been made to realize tbe fact tbat a gold standard has been placed upon you and money has ynally oJeiyaJ in value while your LAtMJK HAH HEEX I'CT iHiW at a price at which yon ran hardly live. Your debt made when munee wa not so valualble have increased and intereat i fast eating ap yoar property. Farm product Lave been reduced below the price of prod no tion; lands have depreciated in value and all bust nee has been crippled. Many of tbe factories have been cloeedl while others have KEut'CED THE WaJE of their employees until they ran oareiy earn tneir bread. ILe coun try is flooded with tramp and peo ple out of employment. Wo that under our present financial system the wealth of tbe country ia fast going into the hand of a lea and lea number of men and ere long the nation will be ' OWNED AND COXTROLLEb by only a few individual. We have been warned of the great bond iasue that Grover Cleveland is advocating which win plunge tbe nation into into an overwhelming debt that gen erations after ns will not be able to pay. The record of the Democratic party ha been made and recorded on the silver question, and it is not one that ha proven a friend to free ilver, but on the other hand they have STRUCK IT A I'EATH fcLOW whenever an opportunity presented iataelf. They have had the vehanoe" they were asking for, but have be trayed the trust. Bdl after bill pro viding for free coinage ha been de- M a a .a ewjaa icaiea vj tnem. iney are not g- norant of the fact that a majority of into it a surer plank; but did they I Intend to give JOB free SUVtrf I VfiT A kTT rir IT. Taat plank waa only pat in to fool Ijon. Common sense tell n they 1 could have given it to the people if they had wanted to. They had a fair "chance" both branebea of Congrea and the President bnt they voted down every free silver bUl that was inUwl need. As I have aaid they only put it in al e. "u- platform to fool you. Their 1 .... u. I ri i I wanted your vote to elect them to 1 office no that they might I caret out the vt mxarlx flot 1 tern banker had purpoeed ia their 1 hearts. In tbe face of the nmiriw they made the people they . tern around and take from you the only provision left for ailvtr by the Ke pnblican party when they demone tized it in 187 S, known a the "Sher man act The bankers of Wall street come forward and aay te Grover Cle viand who stands ready to serve them at a momenta notice. "SILVER MUrr RE KILLED; the Sherman act mast be repealed." Bead the private circular iasaed by the bankers dated March 3d, 1823, rrea. Silver, ail ver eertiflealaa ,! tl iiiAl Ul raIm a riaaalaat kfaea iri aa " - " 1 . A a m I an.l kafra it thaaa -la- - 1 -...4. fM ..,1,:.. - tv:, -yi tiAf v m " What ia tka uv -tKa;eaJU r" .fj- f?am I Did yon ever know thea to laJT Sol Why! Because they are ning the machine. They XOM IXATED TOUR CAXD1PATS for President. It is their I bj th. -.P.l- I ww " OTW vMT"rw I the assamed name of WilLass Straw I Beform Club and paying the at is - 1 print their goldbag Uteratare which - 1 u being eirealated all over the) wowa- I try. Thi is the pwxty that wemld 1 k... won believe thev are the friaJtiia 1 of silver. Hoi you support m party that has SO 6RO8SLT diIkitip Tout 'Well do we remember the words of our beloved 8enator Yaaee wno, when - be saw the final blw wne about te be atraek, stood trm to what he knew to be for tne pest in- ICoetieued en pace

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