People's Pilot, Volume 3, Number 4, Rensselaer, Jasper County, 14 July 1893 — Page 4

The People’s Pilot. —PUBLISHED BY Th€ Pilot PciMlshtog Co. OF North Western (Limited.) Luther L Ponsler. . PuesWent-. J. A. McFarland ... Vice Pres. David W. Shields.. Secretary. Marion I Adams... Treasurer. LESLIE CLARK, * tail Editor and Manager. The Peocr.E’s Pttor is the official orgwn of • he .lasperaHr* Newton County AiiUwJusend *- guhlistied every Friday at ONE DOLLAR PER ANNUM RATES OF ADVERTISING. ‘ Usnlxvrd Advertisements TOc inch. 1 oca.l Notices Xc line, entered as •.'.'■w.d class matter «t the post office in Rensselxor. Ind. RENSSELAER, FRIDAY. JULY 14. 1*93.

What are those people that don't work here for anyway? The Democratic party as a trust smasher is not a success. Silver is low and as a conse- < uence so is wheat and cotton. Nothing short of actual ownership can ever control the railroads. We wonder if it is not the tarlif that is causing so many bank lailures. The memory of promises is a Thorn iii the side of the Demo- : cratic party. Just what use the silver men have for the Democratic party is hard to tell. Now is the time to get up picnics and do some effective j work for the People’s party. if Grover Cleveland is a Demo-1 unit a great injustice has been done to Thomas Jefferson and Andrew Jackson. The changes of posloftices throughout the country has not contributed much to the prosperity of the people. Any difference between Cleveland and Harrison? Yes, of course. they differ as to who I should hold the offices. The credit of the government is good with the people, butthat i - more than can be . aid of some of the government officials. i*ai State bank currency s.ii.une is a fraud of the first v. ver, and the man who advocates it is worse than a fraud. Hogs are high because of a s - jrcily of hogs. It is a good tc’iig for fellows that have hogs. Money is dear because of* a s. amity of money. IF is a good thing for tiie fellows that have money. See?

The government boarded the Duke of Veragua at a Chicago hotel one week. The bill was i ’oo, and was promptly paid by the government which means that much sweat for the producers of wealth. We demand either a legal union or a separation of the two o d parties. This illegal occupancy of the same political bed is a disgrace to the respectable members of the two families and an outrage on decency. The cry from certain quarters is “the silver kings of the west have had a good thing long enough; they must be choked of: " What about their brothers, the gold kings; have they been suffering much? How would it do to stand them both off awaiie and give the paper kings a little pull? John Sherman says there has never been a day since its passage but what he would have voted agamst the Sherman 1-aw. voted for this bill, he says, to prevent the passage of a free coinage bill. In other words he had his bill passed to prevent two-thirds of the people from having what they wanted. r l he money lender or the highsalaried office holder that is complaining of “Democratic hard limes” is simply trying to make believe a lie, for inwardly he is rejoicing that money is so scarce -thefewej - the dollars in cir- ■ gula’.im the higher his intei est, <

thu tighter tire times lh*o Wore uwi he buy with his dhnvv '’it is ar AU wind that Wows tier body gwd " Hard, times ate always brought About tet sutuebody's gain.

The dullness affects all business without regard to th* tariW. It is due to finaaeial Conditions. —lndianapolis SeWtittel. One .year ago the Sentinel and f .te party contended that a :duction of tire tariff Woitld set all 'things right? they told us that there was no financial question before the people. TheW has j been no reduction ill the tariff, i no change hi the financial policy i of the government since the last [campaign and yet the Sentinel indulges in the above. The (’feveland administration is violating the law ip. paying out gold for silver certificates. They are aiding the conspiracy of Wall Street. This policy is seriously affecting trade and commerce and under a proper construction of the conspiracy laws would send every mother's son of them to the penitential y, and would if they Were some poor workingmen who had con spired to boycott some article commerce as these conspirators have agreed to boycott silver.

After the repeal of the- Sher-, man silver law then what? Cleveland gives no *ign as to what will follow. Will the repeal of the Sherman silver bill increase the money volume and restore confidence? 13y • what sort of reasoning is such a conclusion reached? And yet we arc told that this is the effect sought. Plutocracy for years has been presuming a great deal on the ignorance of the people, and seems to think it can continue to do so. but it-will wake up some morning in the near future with a far different idea in its cranium. Whatever may be .the Character of the new tariff bills made to order for the action of Congress when it meets they will be so mutilated by that body that their own fathdr won't know them. There are a great many axes to grind in the preparation of a tariff schedule. The sugar men of Louisana will want a tax on sugar. The iron and steel men of Alabama and Virginia will want a tariff on those articles, and as they are all good Democrats in in Democratic states, .they will get it, too. Just watch the monkey show when the circus opens up.

The divine right of kings to rule is being questioned in the old world as it has never been before in the old world's history. There is not a crowned head in all Europe that feeds safe to-day. and the cause of the tremblings of rulers over there is not from foes without, but through fear of their own subjects. All Europe is honey-combed with socialism, nihilism, red republicanism and a spirit of freedom that cannot be restrained by the tyrannies of the most despotic forms of government. When the pent up wrath of the masses has reached the point where it cannot be held in bounds, it will break forth like a slumbering volcano. It is one of the strange things in this life that nations will boast of their advancement in civilization, in the sciences, arts and inventive genius, and yet want the great common people to adhere to relics of barbarism in forms of government.

With three such papers as the St. Louis Republic, Cincinnati Enquirer, and the Atlanta Constitution stalwartly standing for the free coinage of silver, and defiantly repudiating the gold standard idea, Mr. Cleveland must be encountering great difficulties in his educational work in the West and South in converting members of congress to his gold-bug ideas. Some people are expressing the opinion freely Mr. Cleveland is not meeting with the success he an-

ticipated, amA that his delay in Cbhvehifig cohgbe*s in tSM tvtk session is ”*•»**< by that ingress would Act contrary to , his wishes, truth <s Mr. | Cteveland w Jwpfe more ibah bfe expected, and thvy are awakening a whole-; some fear among of A’M Vhigbt otherwise M* his bidding if they were not fearful of the con sequence ol flying in the f*e*. tjf public sentiineri th the West and South in, favor of free coinage.

One moss-bach, J. B.“Hender- ' son. e*i’ U. S. senatorof Missouri, ■ active in politics 27 years ago, I has written a long letter lb Sec- | retary CaHGlu giving his views jof ’!*.b monetary condition of the I country. This old back number j stands up for a gold basis, ub I solute, pure and simple and in , support of his theories he points Ito the prosperity of the gold : basis nations of Europe. He, of course, meahs the prosperity of the money power, for examples of prosperity among the common people of Europe are seldom, or ever, referred to by truthful speakers and writers. He says the act of 1878, demonetizing silver, passed by congres* "advisedly and considerately—without dissent.” It is a fact, and Henderson knows it, that this act was never discussed', it was purposely smug gled through congress and even President Grant himself said he signed the bill not knowing that it demonetized silver. If the gold bugs expect to mislead the people they’ must not rely upon such men .as Senator Henderson to do the work,

What can Ae more foolish than the boas; of the banks being full of money’ as an evidence of the soundness of the financial situation. As well tell the farmers who are complaining of a drought and whose crops are being burned up with the parching rays of the sun, that there is plenty of water—just as much as there ever was, Mmo. they know it, too, and expect them to be content, as to tell the great army of bankrupts, the hard pressed merchants, the embarrassed business men that there is plenty of money in the banks. If money was performing its legitimate functions it would not be hoarded in the banks, but would be out among the people vitalizing trade and stimulating industries. As it is to-day it is in the hands of the few, deposited in the banks, requiring heavy reserves of money held in idleness to secure depositors and doing nobody any good. It is the boast of bankers that the reserves in the banks are from eight to ten per cent, in excess of the legal requirements, which, when the immense deposits of the country are considered, makes the aggregate amount of money held as reserves an enormous sum, and this, when added to the more than §700,000,000 held by the government in the treasury and sub-treasuries, takes from actual use among the people and out df circulation almost two-thirds of our total volume of monev.

Our Plea.

The creation of a medium of exchange, being an act of congress, must be at the expense of the whole people, and therefore 'whatever profits may arise from its issuance ov.ght by right to come to the whole people and lessen taxation that much. This is the theory and plea of the People's party. Let the government coin all the gold and silver at the existing ratio free, and supplement that by the issuance of full legal tender treasury notes till the coin and paper reach fifty dollars per capita. Let the government pay it out on current expenses or loan it at three pei cent, on currency that is good beyond a doubt; then let the government establish savings banks for the people, where

phey cUfi dtebogjt lheifr Surplus ’ earnings xVitlidut fear ttf los§. ’ f'hb iie\Mr tftwte’* tU* a spedulWsx will be j Effect confidence, which means |no panics. Don’t bfe ‘sMUelcbd. I DenideriUa <hU ftbpiibliOalis, at ; H A proposition, at sc uh a wholesale slaughter df banks. Read' up WH»i y l bb Will i leaJrn IfiAt Vfie colonies existed , One hundred and fifty-nine years j without a bankotlfer Ift&u the | gdvertttafefet. Each colony made 'IU own money, and either paid it out on current or loaned it fe Vti own citizens, and no bank ever existed in what is now the United States till the Bank of North America was established in 1779. So it is seen that the plan of the government issuing thb monby direct to the i people without the intervention of was the original policy and practice of the people of this continent, and was displaced by the European plan of giving to persons and corporations the right and privilege Of furnishing the people with money. On outside of the question we have the practical experience of the colonies and its good results for one hundred and sixty years, and the testimony of Jefferson, Jackson and Lincoln, and the further facts that our independence was won with money issued by the government, and that in every war waged since by our nation, money issued by the government was the only resource left to carry us through, and that in each and every panic that has come upon us, it has always been the means that helped us out. Aside from the nation’s experience and the authority of the constitution in our favor, where is the right to clothe one man with the right to furnish ten thousand as good as himself with a medium of exchange. Why give him power and control over the business and property of those engaged in producing and exchanging wealth? Why give one man a business that allows him to open at nine, close at four, and grow rich; while another toils from five in the morning till eight at night and always remains poor? It is not our wish or purpose to “set a multitute on any man, but we do ask the Pilot readers to allow their minds to run back for the past twenty-five years and reflect on the power to absorb wealth, to control business and politics that has been exercised by Jasper county money lenders, and ask yourselves is this the best way? Those are not bad men. nay, we believe them to be better than their business. We are not warring on the men but on the system. It is inherently wrong and should have no place in a democratic government. Here is a service where the people can serve themselves better and at cost. Then why not do it? is the question raised by the People's party. There is a loud and urgent demand just now for more money. The Republicans say, let the national banks furnish it. The Democrats say, let the state banks furnish it. See, it is interest, interest all the time. The People's party says, let the people furnish it, then it will come at cost. (To be continued.)

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