North Carolina Newspapers

I lit Ml Dead Our Spsclal Premium Offer to Yearly Sabacrlbars on the Fourth Pare J 'flic .'MtivuMlan im tlio iiit tlliim y m lilohtnrcaoh! tlio rlle. AlvorlUcrn! will Vell to ituv tlirlr! 90 CAUCASI mm0mmmt at I lllln 111 11m 'ol ( JL NO VOL. XV. 5 RALEIGH, N. C., THURSDAY, DECEMBER 10, 189G. iTHE AN A SPICY LETTER FROM HEW YORK. Before Election Premises Fail to Materialize -Stock Market Weakoning Big Drop in Wheat. A LACK OF PROSPERITY. I ,. ( omtiitrii) I'rt -mint nr of The ;, i i.n.ll4 Threatened- Ntw York Mate . mi I oriir. r Ih llattle (liounil t( Foil, in. lh MliMU WmI acil houth Cms V,w Control National legislation -Hat lr llit l'n Ira Party Tha Utmomrj V mil I ll urn to II OM iii. , , . , 1 . Tlii" '.HI' illillll. ;k v N o ft k Cm, Nov. 30, '!)(;. In w Vork tho first effect of Mc K hi!' j t-lccl ion ia a decided feel-it.--d disappointment.' It wasfirrn , liiievcd by tho great majority tii.'it the golden promise!) of the Re . itilii'Hii papers would bo immedi ,!. ly i'uliilled. This expectation was i,ot without reason. Tho New Vork I'n claimed that wo had a sullici- ncy c.l money in circulation and that all row needed to bring good 1 1 in-s was easy accommodation at tho I. iniks. Hanks credit, it was i laiiii'.'d, could not bo looked for un til tl'n position of the country on the money 'H'ition wns positively known. Tho election of McKinley m:i kin-? this reasonably sure no furth er esc iso remains for the past lit tle nos of trade, Still all sorts of now apologies are boing made and tho cloven hoof is moro disting uish ablo after than beforo election. Awako to their opportunity near ly every paper in tho city is advo cating tho retirement of the green backs and tho substitution for them of bonds, which are later to be made t. o basis for an extension of the Na tional Hanking system. Tho congressional fight will bo waged over these points. Tho tariff will hardly cou suino much time unless an un expected effort is mado to saddlo us with an extremo measure. It is to ho hoped that no matter how severe Mich a bill may bo tho Senate will pass it as tho heavier the tax the tnoresuro tho country will be to feel it. In almost any event tariff dis-ciii-fuou will not be permitted to blind tho country to tho true issue: Mouey. At an early stage a bill will appear in Congiess following the programme above mentioned, and it behooves us all to bo watchful lest the enemy triumph. Tho hue and cry for a gold stand ard has not been an honest conten tion for ruononietalisni. What the banks want is the privilege of issu ing money backed by the govern ment's credit. This is possible only xU'en wo havo a largo bonded in debtedness, as otherwise no basis for such money exists. The govern ruent, if this scheme should mature, would merely operato the mints, coining gold and subsidiary silver. The money with which the nation's commeico is curried od, paper, all coining from tho bank?. Thus would be finally accomplished that which .letter sou dreaded, Jackson fought, and l.eiiton foresaw--the absolute domination of the usurer class. JSo determined is the money power to achieve its ol ject that some very liberal concessions may be expected from them as tho contest proceeds. lo not be surprised if it le proposed to re-enact the Sherman law with some few amendments. No less an authority than Hanna declares the willingness of tho Republicans to go that far to meet the silver men. Without doubt this is the gravest danger that at present menaces as. A great many well-disposed persons are so ignorant on the fundamental theories of money that they would consider such a bill a veritable vic tory, whereas it would bo only a blind for mere far-reaching legisla tion. We should all follow the advice of Bryan to the silver clubs. Study every move of Congress. Discuss fully the measures proposed. Give the fullest publicity to our consider ations. Thus we shall protect the peoplo from underhanded measures. As time passes the general outlook brightens. The stock market which was so strong before election is weak ening rapidly. The general range of prices is falling as they were maintained by sentiment only. Wheat has taken a drop and will probably continue its downward course. They tell me on the Mari time exchange that freight rates to Europe, which prior to election were abnormally high, have experienced a sharp decline. All these factors are important as shoving how inevitable a lack of prosperity i3 under present condi tions. Up in Yonkers, New York, Smith Bros., the largest carpet man ufacturers in the world, have shut down, throwing seven thoiOand men out of employment. These men had been promised increased wages in the event of McKinley's election. lwo companies in Jersey have cut down wages after having made the same promise. Experience i3 a hard teacher, but it will eventually in stinct the working men of the United States, no doubt. In New York city there is a strong feeling among clerks because em ployers have failed to carry out be fore election promises. Speaking of this reminds me of a queer rumor I heard down town to-day; namely, that J. Pierpont Morgan had said that if any clerk who had been promised increased remuneration in the event oi nepuoiican success failed to get it he would see that they did if reported to him. Moral ine business men or .new lors are wax in Morgan's lands. Let us hope he will occasionally squeeze them. Glancing back at election return and the conduct of the campaign there is plenty of food for thought in the fact that such a weak fight was made in this State by either party. The battle ground was Illi nois, thus demonstrating that the political prestige of the once Empire State is no more. Hereafter the po litical contest will be thickest be yond the Ohio river. "Westward the star of empire takes it w: commercial preeminence o: city will soon follow its l cal sovereignty. The if great politi- The solidity of the West and South will lead to legislation which will in a few years stagger the met ropolis. The opening of the Nica ragua canal will extend the com merce of Newport News, New Or leans, Galveston, to the detriment of New York. A vast amount of freight that now comes from Europe to America via New York will be d fleeted to points nearer the cen tres of the country. Chicago, with a canal to tLo Missisbippi and a water course to the Atlantic by way of the Great Lakes and tha St. Lawrence will save the export cereals of the West from the heavy hand of the eastern railroads, and tho middle men of New York city. It is for these reasons that I think it not improbable to consider the New York of to day as having at tained its highest development as a commercial city. I do not mean to to convey the impression that within five or six years it is to become a village, but that forces are now ac tive which preclude the possibility of a continuance of the rapid devel opment of the past and which, in the not dim and distant future must lead to New York's becoming a city of the second class, even lower. The only thing which could well stay this march of manifest destiny would be the triumph ef the money power that now centres here. This would strengthen and extend the reign of the evil goddess of Manhat tan isle. Some of the papers hero recognize the ponribility of such a condition as just described. The Nicaragua ca- nal is antagonized by several journ- zations and their results It pos als because of the throat its exist- sesses all the rtquisite3 for steady, ence involves to New York. It is healthful growth, not the least ot well for us to remember always that cities and nations have not fallen while weak, but after having at tained their greatest strength. S3 may it be with this city. The People's party is to be con gratulated on the strength it showed in the election. The strain was a severe one and many fears for the permanence of our party were well founded, but instead of weakening the reverse has been true and the of ficial election roturns will show us large gainers in the matter of votes. By 1900 the sturdy infant of Omaha will have become a veritable Her cules. Wee be unto his opponent when that hour comes ! it is evident now that but for our party the Democracy would return to its old gods. Powerful influences are already working to that end. The People's party is the greai stumbling block and will remain so. It is the bulwarks of liberty truly, and under its banners the forces of an indignant people shall yet march to victory. James Nelson Wood. If our friends will aid us in our I efforts, we will endeavor to keep them posted on county, district and State politics. Aid us by sending in clubs at once. POSTAL SAVINGS BANKS JVe Cau't have Them Because tha ers Don't Want Them." Bank- Dr. C. F. Taylor in The Medical World. J I have corresponded with a large number of Congressmen concerning the need for Postal Savings Ranks, stating that practically all the rest of the civilized world has them, and put the question, "Why should we not have them?" In reply, Congressman W. W. Rowers, of San Diego, Cal., in closes his "I'ostal Savin cs Rill." which he says lias been penaing in Congress I " - for four years, and he writes: i.'l'hn bankers and sharks don't want .4. A-l w any Postal Savings system. That's the answer to your "Why not?" in rDgland these institutions were established in 1861 : in Canada, in 1808: in Austria-Hungary, in 1883; and they have also been established in t ranee, lselgium, Netherlands, Den mark, (Sermany, Italy, Norway, Sweden, Switzerland, India, Ceylon, Finland, Japan, Argentina, Australia, .New .eaiauu, Hawaii and Trinidad. But, doctors of the United States of America, you and your clients can't have them, because the "bankers don't want them!" Merchant?, vou can't have them, because the bankers don't want them! Farmer?, you can't have them because the bankers don t want them! Mechanics, you can't have Pos tal Savmgs Banks in which to place securely your savings, because the bankers say that you must deposit with their institutions, if anywhere. oters, however much you desire the benefit these institutions would be to the masses of the people and to the government, you can't have them hi cause the private bankers don't want you to have them. How do you like it? What are you going to do about it? This is a free country for the bankers and other privileged classes: if they think Postal Savings Banks would be against their personal inter ests, they can prevent the people from having them: these institutions would place a Savings Bank with absolute security within the easy reach of every citizen of this great country. How it would benefit the people and you, doctor, is so apparent that it need not be ex plained. Kicn men put their spare money in U. S. bonds for safety and interest; poor men should have the same opportunity to place their sav ings into U. S. Banks. Actors are a very superstitious and cautious class of people. They don't like to trust the average savings bank. I understand that it is their habit, when they receive their pay on the road, to go to the nearest money or uer postonice and with the portion of their salary that they can spare, buy a money order payable to themselves in ew lork. Then when the season is over (winding up in New York), they collect inese monev orders whenever they want money. Thus the P. O. De pamiueui is reauy their oanser, ana the money orders are really certifl cates or deposit. So vou see how near we have this system already; but the uepusuur uas to pay ror making a de posit ; no interest is allowed ; payment is inaue at a umerenc Dla.ce from tne deposit and presumably to a different the thing is done. ."".." . V .cwwuics auu a ciuzeii wuii a Dans account is a a - a a better, steadier and more industrious and sober citizen than one without a bank account; and if the United States is his banker, he is a more pa triotic citizen. YOU CAN ENCOURAGE THE CAUSE OF REFORM BY SUBSCRIBING TO THE GAUSSIAN SI.0Q A YEAR. NEW GOVERNOR OF WASHINGTON. He is a Verj Able Man, Pop ulist and ialPatriot Of Pure and Lefty Aims. GOLD PRESS ABUSE HIM. Thm Washington Post Corrected In Its DUUmtat by On Who Know Him Why The Republicans Were Defeated nod Tha Stat Carried by Tha Pcoplts Prtj Broken Pledges and Boodlery Repudiated. Gov.-elect Rogers, of the State of Washington, is a Populist, who be lieves in currency reform, transpor tation reform, tax reform and all the great fundamental principles of the People's party. He interprets the constitution as did Lincoln, Jtffer son and Jackson, and believes that the best government is one operated upon the principles for which those great patriots stood. He is honest and has ability. This is why the goldbugs and monopolists have al ready begun to attack him. The Washington Post (gold organ) in an editorial on November 25th, says of him : A BAD, BUT FATAL BLUNDER. ine btateoi Washington is great in area, strong in natural resources, fortunate in its geographical oosi- tion, and, for a new Commonwealth. well advanced in educational facili- ties and religious and social organi- which is the sturdy, enterprising character of a large percentage of its population drawn from older States. Thus situated, this vigorous young State can face the future with confidence, in spite of the mistake that it has made in the choice of Chief Magistrate. The person chosen for that office has recently been de livered of a speech in which he said: 'At the present time the people of the United States confront a world wide and world-long evil of far greater magnitude than chattel slavery was the private monopoly of money." And he further said : "That 'gold is of no real valae to humanity, and is only used as a means of extortion, being dependent upon ignorance and prejudice for its power;' and that 'the average banker has ruined more homes and blasted more lives, a hundred to one, than the traflic in alcohol.7 " It is not surprising that a man should talk in that way, for the country has been hearing more or less of that sort of rant tor the last twenty-five years. It has heard it recently from the Coxeys, the Leases, and other fanaJticp. -Its most fitting place is a lunatic asylum, but it is unmindful of proprieties, and blurts out on the rostrum and in legislative bodies. The really surprising, the astonishing thing about this occi dental outburst is that its author is the Governor-elect of such a State as Washington. Looking at those utterances, at their wild yiciousness, at their per version of truth, and their manifest intent to inflame the passions of the ignorant, a patriotic citizen finds reason for reioicing in the fact that Washington is too great and strong a Commonwealth to be seriously or permanently injured by a blunder in I.I 1 A tne choice ot a Governor. He can- not maKe or repeal laws, and it is not to be assumed that he will de fault on his oath to execute the laws and be faithful to the constitution. indeed, it wouia not be strange nor unusual if the author of these pas sionate screeches should, on enter ing upon his office, become saturat ed with conservatism. Kesponsibil ity begets conservatism. A small man in a great place naturally tries to adapt himself to the situation. Extremes are often close together, and conversions from one extreme to another are about as frequent as any other changes in politics or re iigion. Therefore, we shall not be astonished if this wild man becomes tame and fills his place acceptably But however that may be, a Gov ernor has not a wide range of power. The State of Washington will live and prosper in spite of this mistake. She will not hang "the average banker, nor make deadly war on such of her citizens as have been guilty of making money by enter prise and industry. In short, warned by the example of States that have suffered from Populistic legislation. Washington will not drive or keep out capital that is needed for the development of Her splendid re sources." In the eyes of the Post, a man who wants to contract the currency and eiye the banks more power and profit, who think trusts and monop olies are good things and is opposed to regulating and controlling the great transportation lines, is a patri otand a statesman; but if a man dares to favor just laws and opposes giving the monopolies great privu eges by which they can bring trib- nte upon the people, then he is an anarchist. A gentleman who lives in Wash ington City (and a native of Wash ington State replies to the Post. He is not a Populist but he knows Gov ernor-elect Rogers and he testifies to his ability and patriotism. His letter is as follows: OOV.-KLaCT ROOSRS NOT AN ANARCH- 1ST, BUT A MAN OF PURE AND LOFTY AIMS. Editor Post: An editorial in Wed nesday's Post under the head of "A Bad, but Not Fatal Blunder," does an injustice to a very worthy man, Governor-elect Rogers, of Washing- nn NI-atA. in erivino thA impression that he is a dangerous blatherskite and an enemy of everything patri- otic. The editorial was evidently written from partisan information, and misrepresents the conditions in the West very much, as Eastern pa pers in general, the Post and a few otners excepted, are in tne habit of doing. l know Governor-elect Rogers fairly well, and have studied him from the standpoint of a Republi can. t ar from biQg an gnarchut or an igncramss. he is a gentleman of the lof ti t character. He is a native New KsgUnder, of Puritanic anecatry, and a lineal deicecdect of Ilogert ibe Martyr. His e!lest ton is a ProfeMor in Cornell Lni- versity, and another son it a pros perous merchant in PayJlap, Wash. If Govt rnor-fclec-t Rogers hs any very bad fault it i that ef being theorist; but bis motives are pure, and he is as conservative as the typ ical New Engiander. Ee has good executive ability. The Republican defeat la ash- mgton was not the triumph of ig norance and lawlessness, as the Post editorial seems to convev, but more a rebuke of bocdlery in the Legisla ture and a long line of broken prom ises. J wo years ago the Republi can platform pledged the farmers of Eastern Washington a redaction in freight rates across the State rates twice as high as from Chicago to Ntw York. The State administra tion and the Legislature refused to redeem the pledge or offer anvthing in the way of a substitute. Neither did they make good a single" one of the other promises. Many Republi cans believe that boodle was tho cause. The consequences wfeie that count ies in Eastern Washington, like Spokane, Whitman, Stevens, and Lincoln, hitherto strongly Republi can, and almost entirely agricult ural, except Stevens, wheeled around and buried the Republican ticket by majorities ranging from l.00 in LincDln to 3,200 in Spokane. Merch ants and bankers joined with the farmers in helping to do it. i. he fusion ticket from top to bot tom was unusually strong, and the Republican ticket unusually weak in that some of its candidates had bad records. The result was only a wholesome purging. If Easterners would in vestigate, and not allow their eyes to be closed by partisan or sectional prejudice, they would reach the same conclusion acd have a better understanding of things that other wise may seem irrational. J. b. 15A.LLAINE. Washington, Nov. 25. WILL THE GOLD MEN GET IT? SENATOR BUTLER'S FORECAST OF WHAT THE G0L0ITES WILL D0-IF THEY CONTROL THE SENATE. Cleveland's Policy Would Be Approved The Greenbacks Would Be Ketlred And Then tbe People Might Never Be Able to Overthrow tbe Bale of Trusts and Monopolies If Populists Should Hold the Balance of Power, They Would Mot Be Adverse to Certain Tariff Legisla tion. Senator Butler was recently inter viewed by the Boston Herald to which paper he made some interesting state ments. The interview is here pre sented. Question How do you think the next Senate will stand on the financial question? Answer The gold men have made a desperate effort to capture the Sen ate. They have a gold President and a gold House. If ihey get a gold Sen ator from Delaware and one from Ken tucky, they will probably come within one of a majority. Q. llow about . .North Carolina? Does not Prit chard claim that enough Populists in the next Legislature are pledged to him to. elect himi" A. l admit that it the gold men succeed in capturing the Legislature of N orth Carolina, they will probably capture the Senate and have charge of every branch of the govern ment. Mark Manna and McKi will, no doubt, promise Federal ronage. and use every other means of "persuasion" to capture the Legie lature of my State, as Cleveland did to get Democratic Congressmen and Senators to vote against silver in the extra session of 1893. But I do not believe there is a single Peoples Party member of the Legislature that they can iniluence by such means. Populists are not made of that kind of stuff. Our party was organized to condemn such corrupt methods, and to drive from power men who would sell their convictions for spoils. Q. Then you do not think it possi ble for a gold Senator to be elected in your State? A. No. most positively I do not. A Populist member of the Legislature who would vote for a gold Senator would smell so strongly of corruption that he could not live in the State and have the respect of any decent man The Populists hold the balance of pow er, and they will in tneir caucus ae clare for some man who is not only a straight silver man. but who is also for an income tax, and who is opposed to the national banking system. 1 be lieve they will stand solidly for such a man, and ii there are not enough silver men in the Legislature to come to their assistance to elect such a man, then the Legislature will be dead locked and no one will be elected. If this should happen, this would leave the United- States Senate still in the control of silver men by one vote. Q. If the gold men capture the United States Senate, what do you think they would do? A. The first thing they would do would be to endorse Cleveland's pol icy of issuing bonds. Next, they would endorse and legalize Cleveland's un lawful action in redeeming Treasury notes and silver dollars in gold. Be sides, they wouldpass a law to retire the greenbacks, and put us solidly and everlastingly on a gold basis. Then they would pass a law turning over the entire control of the currency of the country to the national banks, so that they could contract and expand ! the circulating medium of the country iust to suit the desires of the - . . . i . money snarss, ana inose wno spec ulate in stocks ana oonas, ana wno &?mble "AC0""fc"l! ?1 me prouucis oi iauur, n mc iuuuc gamblers, the 'monopolists and the trusts snouia ever get tnis aaaiuonai power, I doubt very much whether or not the people wouia ever oe aoie to overthrow them at the ballot box apd again gain control of the govern ment. .It is horrible to contemplate, for while we might still nave the Hol low form of a Republic, yet it would be a worse form of oppression and des potism than has ever yet been seen un- I der any King or Czar, cs If the Populists and independ ent silver senators snouia noia tne balance of power in the next Senate, do ycu think there would be any tariff legislation? - a. wen. yes: tnere may dc j. leei sure that the Populists and free silver Republican Senators would favor sucij change in the present tariff law that may be necessary to provide sufficient rvienn. provided that lb ItepobM ets would agrr to bate the tfe'y placed upon the proper articles. i- Upon what article do yea thick tBe tariff Jaty aboald be placed ? A Upon certain raw materials which are now on the free lilt, or wb.cb are protected only by a small duty, and upon certain luxuries which are consumed almost exclusively by the rich who now pay practically no tax to support the Government. It is clear that tbe bulk of tbe revenue necessary for run ning the Government will have to be for a long time, if not always, raised by custom duties. Therefore, the theory of free trade is not only ab surd, but it is impossible. The pres ent Democratic tariff it higher than any Republican high protective tariff ever enacted except the McKinley tariff. Yet, it does not raise sorlicient revenue to run tbe Government. The actual rdnning expenses of the Gov ernment are not only increasing all tbe time; but, beside, every tim the " is an issue of bonds it makes a nev. and larger interest charge to b n.t- at regular intervals each year. I'herefore, every time there is a new issue of bonds the revenue of the Gov ernment must bs increased to meet this, regular ana eternal interests on these bonds. Therefore, unless we can have an income tax, or some otber means of forcing the wealthy classes of the corporations to pay their fair share of the taxes we must be con stantly increasing tbe tariff, even for revenue purposes. Hence, the most portant, and only practical view of a. iC a. A. A. i I im the tariff question is to see that the protection that follows such high tariff is fairly and equitably distri buted between the different sections of the country, and between the vari ous interests in each section. Raw materials should have equal protection with the manufactured articles. There will probably be some tariff legisla tion along this line, but no tariff leg islation can raise the price of products, nor give idle labor profitable employ ment, nor make the people prosper ous as long as we are forced to live under the contracting gold standard. Money will will grow scarcer, prices will continue to fall, lock-outs and strikes will increase, and times grow harder until the people rise in their majesty and might, and repudiate the gold contractionists and vote to in crease the number of full legal tender dollars. Make tbe amount of legal tender money sufficiently plentiful and the wheels of industry will re volve in every quarter of the country, and prosperity will surely come to all except the money gamblers, trusts, speculators, and professional tramps. GREAT VICTORY FOR THE PEOPLES PARTY. The Situation Summed TJp And Fore- cast By Senator Butler. Washington Correspondent of the Nebraska Independent. J The Peoples' Party in this past campaign has risen to a height ot patriotism and devotion to the cause of good government which has won for it the admiration, respect and confidence of all good citizens. It has not only acted in a patriotic manner, but it has shown the very shiewdest kind of political manage ment, because the future of the par ty 'depends upon how many acces sions it can bring to its ranks- If it had not taken the patriotic stand in this campaign that it did, it is clear that it never could have gained re emits from either the Democratic or Republican party, but now it stands in a commanding and enviable pod-1 tion. Besides, it has accomplished no little in the Ehane of practical re- suits in the present campagin. It has elected over twentv Concress- gressmen, five Governors, and has oartial control of the State govern- - . . I ment in a number of other States. In addition to this, it would have had the balance of power in the elec- toral college in the event of Bryan's election. Chairman Butler says that nn a constant ana nnecasincr naiira for the next four vears. He says that headquarters will be kept ooen in Washington, and that the national committee and State com- rmttAPa will kflfln in closa toneh. and face the plans of Mark Hanna and tv, o-nirl mn at Bvfirv tnrn. He Swv af says hat tha HAon as rartv will lead the fight iu 1900 against the gold eombine and the monopolists. In an interview he pointed out how the Populists would manage to elim inate the tariff as an issue before the next campaign. He said that a number of States like Iowa were carried by tho Republicans this time not on the money question but on the tariff issue, and that with this question eliminated as a party issue that the gold combine and monopo lists can be easily beaten in a Equare fierht before the people on these issues. UNTIL IT 18 SETTLED BIGHT. (BY KLLA WHEELER WILCOX.) However the battle is ended, Though proudly the victor comes With fluttering flags and prancing nags And echoing roll of drums, Still truth proclaims this motto in letters oi living ugui No question is ever settled Until it is settled rignt. Though the heel of the strong oppres sor May grind the weak in tbe dnst, And the voices of fame with one ac claim. Afav call him great and lust. Let those who applaud take warning, And keep this motto in sight No question is ever settled Until it is settiea rigni. Let those who have failed take cour age: Though the enemy seems to have won. Tho' his ranks are strong, if be be in the wrong. The battle is not yet done. For, sure as the morning follows The darkest hour of the night, No question is ever settled Until it is settled right. O man bowed down with labor ! O woman voung. yet old; O heart oppressed in the toiler's breast And crusbed by tne power oi goia i Keep on with your weary battle Against triumphant might; No question is ever settled Until it is settled rignt. Outside of tbe Pepnllst Camp. ? Farmer's Tribune, Dee Moines, Iowa-J it. - n ...I, ;a nv I RcrflfiiTi c to tiiv soma lno.onsKiprs n nley I tuo paiij " jhuceu w fuou v- o . jj- , r. r r pat- ganization vigorously and will Keep amount m suuwuu iu mai. wmcu nnnn a nonsrant ana unerasing cam-1 r, . " The Powderlvs. Dunnings, Van Der Voorts, and Matthews, are now located and will rerv properly be as signed a back seat, in the rear, end I a W ' J - !of nlntocraev's camp. Clear ouunus of the Populist eampv. GOV. RUSSELL ON THE 99 YEAR LEASE HE GIVES HIS OPINIONS ON THAT 0UI AND ALSO ON THE A. AND N. C- STEAL. Facia and tigra That Ar Ml e.4 InUrvetlcg- ! Hie Uplilai V a. Mat u Oottlng Hat It.oe a War a Vfcr Million Dollar lasteant. Gjveruor elect Rarll was ioter- viewed by the Wilmiccton Mt&- ger last we on some important iiaestions. His op; Diets grr I err presented- They say you changed your irromd on the silver ui stion atttr tte S Lonis Convention f I do not claim atsolute coti teucy on that. Howevtr. ktaid time acd time again in the campaign that I did not agree with the St. Louis declaration in favor of the gold standard," Will you give your views with re gard to the lease of the North Caro lina Railroad and the Atlantic and North Carolina Railroad T "Yes, I have opinions as to both. but they are not tho result of clos- exi.mini.linn anil tnilnrn iknn ,tl,l If anybody can coavince me that they 9 ( . I are erroneous 1 will change or mod ify or confess error. The State .wns three millions out of four millions of the capital stock of the North Caro lina Railrocd. Unlike meet rail roads there is no mortgage or in cumbrance on it. To raite this three millions which the S'ate paid for this stock, it issued its own G per cent bonds and pledged the stock as collateral to secure the boidholdeis. There are now outstanding of these bonds about twenty-eight hundred thousand dollars. In 1872 this rail road company leased itself to the Richmond and Danville (now the Southern) Railroad Company for a rental of G per cent on the four tril lions of stock. By this the State got G per cent on its three millions and the private stockholders G per cent on their one million. So that for twenty years the State has been re ceiving $180,000 a year for its stock and paying out $108,000 a year to the bondholders, leaving say $12,000 a year, out of which. I presuine, there have .been some expenses paid by the State; so that substantially the State has been collecting this rental with one hand aid instantly paying it out with the other, leaving little or nothing for its treasury. This North Carolina railroad is, or ought to be, one of the best railroad properties in America. The lease expires shortly after the year 1900 The Southern Railroad Company has its main stem m Virginia on our north, and thousands of miles, of railroad to the south of us. This concern is capitalized for an enor mous amount of money and hun dreds of millions of its securities ar held by millionaires in New York and London. When these million aires reorganized the "Richmond and Danville" and converted it into the "Southern" they knew that their lease on the North Carolina Railroad was about to expire and they took their chances of buying it, or of ob- taining a new lease, or of making themselves independent by parallel- ing it from Greensboro to Charlotte, They have not paralleled it and, if our legislature is equal to its duties, mey win not ue auowea iu ao u. A. 1 Til A. 1 . 11 J m ' I en m a i on aner me aojournment oi ine last fusion legislature, these railroad kings obtained from the present FX x - d1 - . 1 S uemocrauc governor a renewal oi tnis lease ror ninety-nine years, Governor, I would have said to these princes of plutocracy a few plain and simple words. Now, gen- tlemen, you own the Southern Rai. road company, loo nave got un counted millions in it, behind it. The I North Carolina Railroad is indispen I a T . 1 - . 1 saoio io vou. i ou vauuui uvw wiiu- out it unless you parallel it. North Carolina is the owner of three-fourths of this property. In this case, it so happens that tbe owner is a sover eign power to protect and enhance the value of its property which be longs to its people. You shall not parallel it. If you try it 1 will bave . . a legislature nere in tnis cipitoi which will stop your operation? be fore you ever lay a rail. The State does not want to operate this rail road. We do not want politics. We need money for the schools a ad to lower our taxes. We are willing to sell three-fourths of it to you. But vou have got to pay 'for it. You own this great chain extending from the waters of the gulf to the Potomac and the Chesapeake all of it except one link in the middle. That link is ours. It is the golden link. With out it the rest of your chain is noth ing but iron and some of it old iron at that, lour crowd is full oi gold. This is one time when the people have got a piece of gold. You need it. You have got to have it. You cannot live without it. You can buy it at our price. If you do not buy it, we will break your chain and then you can sell your part of it for old . iron. Now take your choice. Buy or "bust.". Here are the term. You retire the State's obligations on its bonds to the amount of $2,800,000 and give us about two and a half millions in cash and our three-fourths of this property is yours. As to the other one-fourth (which largely be long, to rich people, many or most of whom are non-residents) it is none of my business. When yon get three-fourths you get control of this railroad. The "highly respectful'' and "highly toned" methods of csr perate management which prevail in what you: are so fond of calling the 'ousiness world," will authorize you to wreck, this minority stock. You can swear tnat you win not go it until your faces are as red as an anarchist's banner; but in all this land there is not one man of sense who will believe you. We know that property you will hare, for all prac WmRtm, four-fourths of it. when vou get. three-fourths of this You are really buying from us three-fourths, but all ot it. You money but did not do him any food. I printers. A" . V, 'TT " 3 - -1 rrn 1 n U mmm m Mislsn RgpreawatatlTQw Should WXU eo DlBSKD uiw son st w uo-diridends to the private stock-1 kind of fellows down in Kansas, holders. -. You t will run down their I ran a ticket to peat uryan witn xias-1 xamwe - stock on the market; and ultimately I nacrat money. 7 Ite-ta oat at niggj; . a . . tries a. l a ia the "feats! titer. -'J b rcfBiio Mr t tOd I ata y ur .fc dcors tave at a:e4 wghh to ga extent that abosVl t bejotd tie dream of gvatiee. l'a to this titne j arista go4 ggtfan,e btrs iovtattd bo way to tr et arh i iqatties. It is cot mj basigess. tit chief setvact of thm rtvU this ftgte, to so tnangf, g.,r proper: v as to eibtLr tie vgloe tf the props rty of pti. vate icdivtdogla. I have gott icgtado with it minority stock. It owners are entitled to tbe game equal protection of tho law epos this g opn any other of their prop er! t ; thir ca'tlc or laedt or f actorte no more. If tty Lapptn to be tbe ovdiii cf a sptc.es of property which is l:ab!e to be ea'ett up by the cannibals of Wg'l td LossKgtd streets, it is no concern of ours save io so much as they msy be entitle J to receive from as ttat sympathy wLLh ccgbt to be coram n to men. "Ustcad or saying this to the owners of the Southern railway sys tem, our Democratic Governor cave away this splendid property to these multi-millionaire un substantially their own terms acd, if the lease is sustained by the courts, threw away the chance to tarn millions of dol lars into oar treasury. Acd he Un J ,or lne cru bo for t weaty H t A aen Va.-.. a..! 1 tvl. nve years have t radioed biennial hysterics over the mismanagement I oi their opponents. "Hat has not the Nir:h Carolina railroad been already based to the Southern, and is that not an end of the whole thing! "It is not ended. The Populist party, in their State convection, de nounced the lease and demanded that the Legislature should investi gate it and take steps to cancel it. The Farmers' Alliance have made the same declaration. Unless Iran see that I am wrong in my views of this transaction, I shall advise the Legislature to adopt measures look ing to the cancellation of this lease and for the restoration of this prop erty to the peo(lc. If the courts ehall bold that the Southern Rail road Company tas acquired a rested right then tbeir lean must stand Vested le gal rights must be protect ed even though they be, in good morals and in jastice, vested wroogs. This piinciple is essential to the ex istence of civilized socitty. "As to the Atlantic and North Carolina railroad, the attempt of the present Democratic administra tion to leas t it to a Wayne county corporation will, I presume, be abandoned if it be true that resp-jn Bible patties are now e lie ring a bet ter price As I understand it, the Goldfcbjro syndicate are sayicg that if their lease is consummated the stock will be worth $10 a share on the market. If this is to, or if they believe it to be so, let them offer $35 in purchase of the stock which be longs to the State and to the conn- tie?. It seems to be that tbe State would be glad to Kill its atock fur about $100,000, provided the stock held by the counties is taken at the same price. This wcu'd take the railroad out of politics and the poli ticians who for twenty years have en joyed it in politics would be happy beyond the dreams of poets. "Of course I know that this talk will (hock some goody-goody folks who think that a "Governor" ought not to descend close enough to the earth for plain speech. But you aee I am only a plain citizen now. Here after I may call up some of the "truly good," the "Roni" as Cicero when he was piayiog politics on their side delighted to call them, in order to take ltssons from them in dignity ard snobbery. "1 want you to add that 1 do not mean to impute any corrupt motive to Governor Carr in these trunsac tions." BASE INGRATITUDE. It Is Awful For Sherman aad Cleveland to Break Tbe Parity Between Then by One ' Looking Dons" on The Other. Silver Knight, Washington, I). C.I Last week at a Republican ban quet at Brooklyn, the principal speaker was Senator John Sherman. The cold-be arted author of the "crim a of '73' made a bitter attack upon G rover C!eveland. and so far the loae fisherman of Bozzard bay has not broken tbe silence with a re ply. For the last sixteen months the Silver Knight Watchman has pil loried .Sherman and Cleveland side by side, Jeeming it fit that the author of the pres ent iniquitous financial system and the man who has perpetuated it should be place npon an equal plane Tbey bave been our shock ing -examples, and that we were right in clasung them together was proven by their attitude in the re cent campaign, when the one openly and the otber ecntly worked for the election of William MeKinley. It wou'd be a dire insult to any honest, patriotic citizen to class him with either of these "statesmen," but we did think that both of them had reach ed the lowest depth of po litical trampdom and that neither could look down upon the other. We were mistaken. Evvn two Weary Willies, ragged, hungry aad home 1-ss, tied together by the bond of misery, have been known to qaarrtl. and similarly it comes to pass tha these to political outeas's have fallen out Fur the fir.t time we can truly say that we sympathize with President Cleveland, for we eannot think of any greater humiliation for any man than to b 3 despised by John bher man. If there possibly could be great er d gradation it would be if John Sherman were despised by G rover Cleveland. The may exclaim in the words of Caesar, "Et ta, Iiruttl 1 Trailers Are See Lseet. Independent, Lincoln, Neb. We have been skimming out the traitors. We know them now. Chatley X. Matthews, Paul Van Der serre reecnitio at ffj I Voort, BUI Dech, Sam Elder, N. A. I their party. Tliey are wjsU equipped not Dunning, mey cost nanna some i ror jo W..-2W - pJr I w SOCE HISTORY 00 MUMP OMUSECEHT. INCH iNTtAhct ibiTb rctrttM roictt it utoi or mum INTOVitfttntf. . gt.igs e fMM r git f iss MwkMam r TbefolJjwiaf vrry leleeeet.rg et bolj ailwl was rut t her tat Wi . JJ. Kuwait gad rwtU.le4 a ppr. tte Silver Kaikt. I. his the pest ivaatcr Mew art has t fa vored rovtraav at vaertkipef raU roda. tat the rradaet et tbe rail rvaJs ta the 'igpgifi jast pssssl has foreed tk i-aae aad aew every man is (ore d t take side. The article it as fallows : I&astntch the railroads have coaelaJid to oa& tie cover&aieat and tbttr the area vt America polltica s aetive farter, tte 8lt.r Knit k( Watchman aceepts of their challenge and e&teis the fifbt upon the aids of the people. A few es aaples may te rma of wth the eoaotry aboaads of th-ir asaaaer of done busigtas, which, if eg tied into politics succesifcby wtll Ure them it the position of &astrs of the American pevple. One toad which we know was built from the Missouri river to Heave r, Colorado, 7VJ miles io lrgtb, at aa agregatw cost for eonsti action acd qtiftaeat of U (JO pr mile, tcakirg the total coat cf that road 17.01? (W. As soon as the toel was built aad equipteJ, the g eetlemea built it issned bonds of 13.000 a mile and also issued stock of ll.'i.oOO per mile, making the aggregate indebtedness f21.S70.O00. Tbis road wgg then turnd over to the parent road of which the constructors were hired men, clraniog op for their ring the Wreg-te mo of fl3.GGl.OO0. This was accomplished in a littla over one year's time. Tbe farmers of Nebraska are charged f ir the carrying of the freight an J passengeis on that road a sufficient sum, ia addition to the rnnnibg j ptoses to pay tbe interest on the !... 000 per mile stock. In other words tbey ate charged more than twice as much aa is neeeasary to pay an honest interest on tbe cost of construction and running ex penses. Tbis is only one instance of more tban a hundied otters known tons, where these fraudulent fcrtant s have been accumulated, and is one of tbe mote fruitful services from which the millionaire railrosd rot bers have amassed their colossal foitunts. A tailrcad tunning into Colorado has a coal mine. Their vein is about seventy-five feet in thickness. Im mediately across the canyon from this vein is one ownrd by a private citizen, which has a saiface thick ness as shown to the face of the canyon cf nearly three hundred feet. The gentleman owaing this mam moth vein of coal ccntluded to mine and ship it into Kansas and Nebras ka. He went to tbe railroad author ities and asked them how mach his freight rate would be by tbe ton, is car-load and train-load lots; tbey in formed him $7.50 per ton. Seven dollars and fifty cents per ton was what tbe railroad was gelling its coal for in Omaha, Kansas City and all intermediate points. Even Denver and Pueblo had to pay tbe same amount per ton. Their rate of freight amounted to tbe confiscation of tbe man w ho owned tbe better bed of coal. This illustration ef the Roeky Mountain coal traffic is given simply as an example, fur tbe railroads ab solutely prohibit by their iniquitous freight system the enjoyment of the proceeds of bis mine by any coal mine owner in any of tbe Rocky Mountain States. This is also true of a gold mine or silver mine which ruts low grade ore. They have the metal assayed and eharge a sufficient amount of freight to take all tbe profits, saving and excepting a bare subsistence to the mine owner. When ia the States of Kansas, Ne braska, tbe Dakotas, Iowa and Mm-, cesota a crop is developed so that a. reasonable estimate may be formed cf its magnitude, the railwajs send expert men thronghont those States to ascertain how mueh freight they shall eharge for the moving ot that crop and yet leave the farmer a bare subsistence. We mention these par ticular Western States, not because they ace exceptions to the general role, bit we eannot give tbe partic ulars of ell cf tbe States in this ar- tiel-; bat ben after we will give par ticulars in the) vat ions States. Tht extortions practiced by the railways have on the one hand de stroyed the value of farm realty, beggared the farmer and filled our land with an impoverished yeo manry; and on tbe other hand built np a el ass of railway millionaires who are absorbing largely all ot the f raits and labor of honest industry. These gentlemen, not satisfied with wholesale robbery, have become ao eiragant and insolent in their de mands and practices that they now seek to arsame e nrol of the gov ern m an L, It shall be the pi ensure et the Sit ver-Knight Watchmen to be one of the factors in this contest, and God permitting, we will be at tbe death. I a rare Hn . Pries re. Oar Home. Two years ago the Republicans were given the 8tate printing by the fusion legislature. So fax as we know the printing was well done. M. I. and J. C Stewart, of Winston, are the printers. They wonll Mobablr like to have -it - - r ii i i s - retiring President! agai. but jostiee and fair play de- j r-l . . . .... - . a mand that, if it is given oat by the next legislature, a Populist printing house should- stare it. The best Populist j b printing house in tne State is tnat ot Barnes Bros , at Ral eigh. Tey hare been doing svrviee for the oarty I or zour years sum ae- - . "7. w, t-M w&o I tnat uso EZ. C.t iTfaJr play' r