People's Pilot, Volume 4, Number 34, Rensselaer, Jasper County, 16 February 1895 — Page 4
PostM eiepnone.
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The People’s Pilot. BY F. D. CRAIG. (Leasee.) PILOT PUBLISHING CO., (United,) Proprietors. David 11. Yeoman. President. Wm. Wabhdurs. Vice President. Lee E. Glazbbkook, Sec'y. J. A. McFARLasD. Treas. Thb People's Pilot is the official organ of the Jasper and Newton County Alliances, and is published every Saturday at - ONE DOLLAR PER ANNUM. Entered as second class matter at the post office in Rensselaer. Ind. Rensselaer, Saturday, Feb. O.
People’s Party Platform.
FOUNDATION PRINCIPLES. Ftrf-cr.—That the union of the labor forces of the United States this day consummated shall be permanent and perpetual; may its spirit enter into all hearts for the salvation of the republic and the uplifting of mankind. t . ... Second.—Wealth belonss to him who creates it. and'every dollar taken from industry without an equivalent is robbery. “If any will not work, neither shall he oat.” The interests of civic and rural labor are the same; tliei'r interests are identical. R'hird— We believe that the time has come when the railroad corporations will either own the people Or the people must own tlie railroads, and should the government enter upon the work of owning and managing any or all railroads, we should favor an amendment to the constitution by which ail persons engaged in the government service shall be placed under a civil service regulation of the most rigid character, so as to pre- ' vent an increase of the power of the national administration by the use of such additional government employes. FINANCE. First—We demand a national currency, safe, sound and flexible, issued by the general government only, a full legal tender for all debts public and private, and that without the use of banking corporations, a just, equitable and efficient means of distribution direct to the people at a tax not to exceed 2 j»er cent, per annum to be provided us set forth in the sub-treasury plan of the Farmers’ Alliance or a better system; also by payments in discharge of its obligations for public, improvements. We demand free and unlimited coinage of silver at the present legal ratio of iti to 1. We deniHKil that the amount, of circulating medium be speedily increased to not less than S6O per capita. We demand a graduated income tax. We believe that the money of the country should l>e kept as much as possible In tho hands of the people, and hence we d?mand i luita.ll state and national revenues shall lie limited to the necessary expenses of the government, economically and honestly administered. We demand that postal savings bank be established by the government for the safe deposit of the earnings of the people and to facilitate exchange. TRANSPORTATION. Second—Transportation living a means of exchange and a public necessity, the government should own and operate the railroads in the interests of the people. The telegraph and telephone, like the postofflee system, being a necessity for the tranxmis.slon of news, should be owned and operated by the Government in the interest of the people. LANDS. Third—The land, including all the natural sources of wealth, is tiiW heritage of the peojHe, aad should not be monopolized for speculative purposes, and alien ownership of land should bo prohibited. All lands now hold by railroads and other corporations in tixCMS of th Mr actual nisi, at I ail lands now owned by aliens should be reclaimed by the government and hold for actual settlers only. SUPPLEMENTARY RESOLUTIONS. Whereas. Other queetions have been presented for our consideration, we hereby submit ths following, not as a part of the platform of the People’s Party, but as resolutions expressive of the convention. Resolved, That we demand a free ballot and a fair count in all elections and pledge ourselves to secure it to every legal voter without federal intervention through the adoption by the States of the unperverted Australian or secret ballot system. Resolved. That the revenue derived from a graduated income tax should bo applied to the reduction of the burden of taxation, now levied upon the domestic industries of this country. Resolved. That we pledge onr support to fair and liberal pensions tocx-Union soldiers and sailors. Resolved. That we condemn the fallacy of protecting American labor under the present system. which opens our ports to the pnuper and criaiinal classes of the world and crowds out our wage earners; and We denounce the present ineffective laws against contract labor and demand the furthor restriction of umlosirable immigration. Resolved. That we cordially sympathize with the efforts of organized workmen to sirjrten the hours of labor and defnand a rigid enforcement of the existing eight hour law on government work and ask that a penalty clause be added to the said law. Resolved. That we regard the maintenance of a largo standing army of mercenaries. known as the Pinkerton svstem. asa menaco to our liberties, and wo demand its abolition ami we condemn the recent Invasion of the Territory of Wyoming by the hired assassins of plutocracy, assisted by fivleral officers. Resolved, That we commend to the thoughtful consideration of the people and lite reform press the legislative system known as the initiative and referendum. Resolved. That we favor a Constitutional provision limiting the office of President and Vice President to one term and providing for the election of senators of the United States by a direct vote of the people. Resolved. That we oppose any subsidy or national aid to any private corporation for , any puroose.
The Chicago Times (weekly) and the People's Pilot for $1.50.
August Belmont.
For thirty years this man has been the power that controlled the financial legislation of the United States, and for thirty years nis name has been synonymous with deepest infamy. The Known head of the Rothschilds’ house in America, and the leader of the New York bankers, his hand has manipulated, sometimes openly, but usually secretly, every ‘great act of congress upon the money question. For thirty years the defenders of the greenback, the opponents of national banks, the enemies of bonds and the friends of silver have pointed to this man as the most powerful and therefore the most dangerous enemy to prosperity in all the land. The charges of corrupting legislation in the interest of banking has never been denied, and are universally known to be true of him. Yet this man. representing the usurous vampires of the world, is boldly received into the private counsels of the president, and his advice is accepted as law. August Belmont the usurer, whose own interests of necessity thrive on the misfortunes of Ibe nation, pleading the cause of a class,, accursed of all men in all afw, this thief shaping the
THE PEOPLE’S PILOT, RENSSELAER, IND;, FEBRUARY 16, 1«95. WEEKL/, ONE LGLLARpEE YEAR
lines of American finances, yes thief, and for authority read the words of that distinguished divine of the 15th century, bishop Jewel: “Philosophers, Greeks,' Latins; lawyers, divines, Catholics, heretics, all tongues and nations have ever thought an usurur as dangerous as a thief. The very sense of nature proves it to be so. If the stones could speak, they would say as much.” Democrats, have you forgotten the arch traitor who sold out your presidential candidate in 1868? If you have forgotten read this from the pages of history. It is the same August Belmont. the same agent of the money power, and he is operating in the same United S tates and has been every day since then: “During the pending of this bill (the credit strengthening act) a presidential nomination took place. The democratic party nominated Horatio Seymour on a platform that opposed the payment of currency obligations in coin. The republican party nominated U. S. Grant on the urgent solicitation and petition of forty capitalists of New York city, who represented in the aggregate about #500,000,000 (five hundred mil lion). The Rothschilds were in possession in the meantime of several houndred millions fivetwenty bonds, purchased at about 60 cents on the dollar, or less, and were particularly interested. Their agent. August Belmont, who secured the position of chairman of the democratic national committee, was instructed by Baron James Rothschild as early as March 11, 1868, that unless the democratic party went in for paying fivetwenty bonds in gold, it must be defeated. The first step was to have the national convention in New York city. It accordingly convened there on the 4th of July, 1868. Belmont and his satellites were unable to control the convention, at least in the matter of platform, and it declared that all obligations against the government not expressly payable in coin should be paid in lawful money of the United States. Belmont owned at that time a large interest in the New York World, the leading demo cratic paper of the country, which, on the 15th of October came out in a double leaded edi torial denouncing Seymour as unavailable and unfit, and advised his withdrawal. This so demor alized the democracy that Grant had an easy walk over.” August Belmont's lobby and bribes com pelled Abraham Lincoln to accept the greenback with “excep lion clause."
August Belmont's lobby and and bribes caused the greenbacks to be funded into bonds. August Belmont's lobby and bribes destroyed all but $346, 000,000 of the greenbacks. August Belmont’s lobby and bribes changed the contract oi the bonds from “lawful money’ to “coin.” August Belmont's lobby and bribes demonetized silver in 187 c which made thebouds, purchased at from 35c to 60c on the dollar, payable in gold. August Belmont’s lobby and bribes repealed the “purchase clause” of the Sherman silvei law, thereby practically establishing a gold basis. August Belmont's millions made Cleveland president, and in return for that favor $100,000,000 of interest bearing bondshave been issued, $100,000,000 more are being issued, and $500,000,000 and possibly $1,000,000,000 more are to follow.
That Labor Bill.
The Pilot is in receipt of House Bill No. 353, designed to create an arbitration commission which shall settle labor difficulties. The bill is a farce; it gives the commission power to act only when both parties so desire. The place to settle disputes be tween labor and capital is in our regular courts by a jury of twelve good men, whose decisions shall be based on common sense justice, backed by a common sense statute. That’s all the commission labor needs. The grandeur of Rome w*as builded upon $2,000,000,000 of fiat money; it made the mistake of destroying it and destroyed itself. It attempted to use gold and silver, one-tenth the volume, and history tells the story of pauperism of the masses and aggregation of wealth by the classes. The People’s Pilot and Vincent’s Searjhlight both one year for $1.50, regular rates $2.00. Tom Watson’s paper and the Pilot, both one year, for $1.50,
The national farce. Choke the bankers off. More bondsareebming; Another iaaueof bonds~lsinevitable. The people must govern themselves. Prosperity will please hollow if she Is lost. The gold reserve is still going to Europe. 1 "-I 1 The banker's prosperity is the people’s poverty. The money power has openly assumed the position of dictator. Concentrate your fire on the bankers for a few weeks, and they will be routed. “Senatorial courtesy” is getting down to a ’parity” with congressional cussedness. The democratic congressmen seem to have a “lack of confidence" In their deity—Qrover. Senator Stewart says there has been bank rule In every administration for twenty years. Oh, would that President Cleveland might follow the example of the French president How could you expect anything but a deficit with a deficiency of braLis and patriotism in Congress. King Grover thinks of sending John Sherman to lead the democratic party through the republican jungle. Suppose a Populist had talked in congress as did Mr. Sibley—that would be called raving lunacy and wildest anarchy. , It is thought”that - the democratic party will abandon the search for prosperity—since they cannot find even a clue to her mysterious disappearance. British holders of Union Pacific railroad bonds have a lobbyist at Washington, to work for protection of British interests Involved. There it is, in broad daylight. Can you see?
The reform papers tumbled at once to the pretended fight between Carlisle and the bankers. They unanimously proclaimed it a farce. There are sentinels on the watch towers of liberty. Any representative who works for the retirement of the greenbacks is a traitor to hie country and his district. Hit him a jolt with your ballot when yeu get another chance at him. In view of their previous argument that there was plenty of money in the country it is hard to understand what excuse the administration finds for its proposed inflation scheme. The democratic members of the llwer house of congress celebrated Jackson’s Day (Jan. 8) by indorsing Carlisle’s bilL Pretty tough on the memory of Old Hickory, who made such a strong fight against and finally crushed the life out of the did United States bank. —Omaha World. The great international standing joke of the century is the German emperor, who wants to have members of the reichstag (congress) imprisoned for not applauding his speeches. He is a chestnut colored ass, of the same breed as some so-called American “statesmen" who prate about dignity and time-honored precedents. Representative Bryan of Nebraska has Introduced a bill in congress which provides that any person presenting to the treasury greenbacks or treasury notes and demanding their redemption in gold, for the purpose of embarrassing the government, Injuring the credit, or compelling or securing an issue of bonds, shall be guilty of a crime, and upon conviction shall be punished by Imprisonment for a term of not less than five years. The department store is beginning to crush the small merchants of the cities —and the little fellows are howling. There is nothing like an abject lesson to bring merchants to their senses. Let the wheels go on.
The editor of this paper has been invited to the annual banquet to be given by the Omaha Jacksonian Club on Saint Jackson’s day, Jan. 8. Perhaps a poor country editor ought to feel complimented by such a call, but this one doesn’t. Fact is, he feels himself too good a democrat to break bread with the Mortons, McShanes, Martins, Paxtons, Whites and their ilk —men who worship the Wall street golden calf in the morning, and vote the railroad republican ticket in the evening of an evil-doing day.—Papillion (Neb.) Times.
REPUBLICAN DEFAULTERS
Are Sugar Coated by the Plutocratic Press. No Populist official has been guilty of a defalcation or misdemeanor —but let a lie be told about one and Tom, Dick and Harry leap into blazes of horror and condemnation. But let a republican defalcate, rob, bust or perjure to debase the courts—rob a state of $350,000 in the midst of poverty—then what do the republicans do? Why, they shield him, pet him, sympathize with him, palliate the wrong. They tide over the people’s indignation with the usual promises of complete restoration, and make out the defaulter to be a very good, but much-abused gentleman. Meanwhile the hugry thousands swallow it all —and get ten cents on the dollar a year later. Where is Haggerty of Aberdeen? It is the old story. The republican secretary of the national treasury'under Harrison, ‘busted’’ and left widows’ and orphans’ and other estates out to the tune of $600,000. The same old sugar-pills were administered. The people smiled a baby smile, took their medicine—and will take their dividends —when they get them. The Madison bank sang the same melody.—Great West (Redfield, S. Dak.).
THE IDEAL CURRENCY.
PAYABLE AND RECEIVABLE BY THE GOVERNMENT. The Flan Set Forth by C. F. Taylor Would Make a Good Substitute for Bonds —How It Could Be Floated* Among the People. The chart on this page shows the operation of the Ideal money. It is issued directly by the government for service and supplies, and it goes from hand to hand, being “redeemed” at each transaction, and finally received ('redeemed”) by the government in payment of taxes, duties, internal revenue, etc., this being the final redemption. The material of this money need not be gold, silver, rubies, diamonds nor any other scarce material. The government issues postage stamps, and receives them back again in payment for the service of carrying letters, papers and packages. They are made of paper (not gold). They are not “based" upon gold; they are based upon the fact that they will be received in payment for certain services. This is sufficient to keep them always at par, equal to gold, and better for their particular purpose, for the service of carrying a letter cannot be paid for in any other material nor tn any other way than by affixing a postage stamp. Paper money has become the necessity of the age; but the prevailing fallacy is that it must be “based” on gold. The government’s promise to receive (in payment of taxes, etc.) will give as much value as its promise to pay wheat or cotton? Or if the promise to receive is(the simpler and better operation, why not adopt it? In fact, this is really a payment in service. In return for the money the tax gatherer gives us a tax receipt, which represents service, as in the case of the postage stamp.
So the ideal money would be a paper money, bearing a promise to receive, rather than a promise to pay. The ‘basis” will not be what little gold that can be raked together, or what silver happens to be coined; but It will be, first: the authority of the government; and no substance, whether gold, silver, nickel or copper, is money without that authority. Second: the wealth, stability and integrity of the government, and the faith of the people in the same. The wealth of the government in lands, buildings (White House, capitol, department buildings, etc., at Washington, postoffice buildings all over the country, custom houses, etc.) coats, river and harbor improvements, ships, franchises, etc., etc., etc., makes a basis enough to satisfy any stickler for ‘actual value.” But the service to be rendered is sufficient to keep at par a postage stamp; so the many kinds of ser vice rendered by the government it highly sufficient to maintain at par a currency based upon such service. The amount of the currency should be carefully adjusted to the population of the country and the wealth now in existence. The total wealth of all kinds now in this country is about $68,000,000,000, and the population is about 68,000,000. As population, wealth and business increase, the medium of exchange should increase in a similar ratio.
Some non-progresslve people Insist that we must have gold as a basis, because of its “Intrinsic” value. Do they not know that about 90 per cent of the present value of gold is “fiat?” If the world would quit using gold as money today (and it will some time), what would the gold dollar you have in your pocket be worth? Perhaps about ten cents. As a metal it has very few uses that are not as well or better filled by other metals; and this is the measure of intrinsic value. You could use your gold dollar for filling teeth, covering picture frames, etc., or sell it at a low price for these purposes. Silver has fallen in value by the partial removal of the fiat, and it will go down to the true level of its real value when it ceases to be used as money; so also will gold. If mastodon teeth were made the arbitrary “basis” of our circulating medium as gold has been, they would immediately rise to phenomenal value; and men would eagerly dig in the beds of old rivers and search dark caverns in quest of the precious material. In early colonial times the people groped in the dark just as we are doing now in regard to the financial question. Gold and silver were then very scarce, and they had to have a medium of exchange for transacting business, as barter (giving five sheep for a cow, or several bushels of potatoes for a pairbf boots) was too awkward and unsatisfactory? Some of their attempts in the way of paper money would be amusing if it were not so scrioqs a question. But some of the colonies were wise enough, or fortunate enough to reach almost perfeo-
THE IDEAL CURRENCY.
i" spite of the objection of the English crown to the colonies issuing money. For example, the following is a copy of the phraseology on an early New York bill:
«». TWO FOUNDS. By a Law of the Colony of New York, this bill shall be received in all payments in the Treasury for Two Pounds. New York, February 10, 1771.
This came very near the ideal currency. Some might think it should have a “legal tender” clause, but I doubt its neccessity. When a nation will receive its own currency at full par for every obligation due it, its citizens will do the same thing, provided the government is a stable one. The credits st the Bank of Venice were maintained at above gold value for several consecutive centuries —until the government fell before Napoleon. We now have numerous kinds of currency. Please read carefully the text on all the different kinds (silver certificates, gold certificates, “green backs,” national bank notes, treasury notes, United States notes, etc.), and then consider something like the following, appropriately embellished by the finest steel engraving, as a substitute for all the different kinds of currency now in circulation:
Number, rrt v I Put here a fine This bill will be received as _ , . , Pertrate of Five Dollars - Washington, Lincoln n Wr.ri"i*iOCv by the Treasurer of the or Grant. jj United States. a different P or. trate for different A \ all obligations due to A % denominations.] \ yjr United States. [ U. S. Flag in colors. Aeon- ( Treasury ) stant appeal to patriotism.] i Seal. ) (Signature]) -
On the reverse side there might be a form to be filled, stating to whom each individual bill was paid, and what (service or material) the government received in return for same. In the present depleted condition ot the treasury, why not issue a few million dollars of the above as an experiment? It would soon be proven that gold is not necessary as a basis. Balancing the pyramid on the “little end” has always led to panics and disasters. Call the above currency bonds if you wish (bearing no interest). Do you realize that if our national bonds drew no interest they would go into circulation as money, and be a blessing instead of a burden? Place interest upon “green backs” or postage stamps, and they would be taken from the channels of business and locked up as investments. C. F. TAYLOR.
Extract from Gov. Sheldon’s message: "W. W. Taylor, our efficient and faithful outgoing treasurer, is entitled to the thanks of the people for the zeal and energy with which he has at all times displayed in the management of his office, and it is a matter of pride to him, as to the state officers with whom he has been associated for the past two years, that he leaves the public service, carrying with him the unbounded respect of those who had known his business methods and his desire to preserve the credit of the State.” He carried with him not only the unbounded respect of those who had known his business methods but all of the state’s money as well. Sheldon and Public Examiner Myers had ought to go and soak their heads.—Mitchell (S. Dak.) Gazette. Reformer—But don’t you think -that compulsory education is against the laws of nature? Commissioner—Not < all. Even the fishes of the sea are always la schools, you know. *
Sounds Like Sarcasm.
Postal Telegraph.
Farmers, haul your grain to Hartley Bros, and receive Remington and Geodland prices.
A Household Treasure.
W. D. Fuller, of Canajoharie N. Y., says that he always keeps Dr. King’s in the touse and his family has always found the very best results follow its use; that he would not be without it, if procurable. G. A. Dykeman Druggist, Catskill, N. Y., says that Dr. King’s New Discovery is undoubtedly the best Cough remedy; that he has used it in hi*, family for eight years, and it has never failed to do all that is claimed for it. Why not try a remedy so long tried and tested. Trial bottles free at F. B. Meyer’s Drug Store. Regular size 50c. and tI.OO.
A M<-Coy. Prus T. J. McCoy, Vice Pres. E. L. Hollingsworth, Cashier. Hopkins. Assistant Cashier. 1 McCOV 4 »S tai. Does a general banking business. Money loaned for short time at current rates. We make a specialty of FARM LOANS on long time, privilege of partial payments. K. J. BMAKB. Pres. Val Skjb. Cashier r. L. Chilcotb. Asst. Cashier. Toe Gitas State bank. Capital Paid in •30,000. Undivided Profits 08,300. Organized as a State Bank Jan. 1, 1888. Does general banking business. Interest allowed on special deposits. This bunk is examined quarterly by the Auditor of State. There has never been a failure of a bank organized under this law. Money leaned oa short time. Exchange bought and sold on all banking points. Collections made and premtly remitted.
J. C. THRAWLS, Surveyor and Engineer. Office with the County Superintendent, in Williams & Stockton’s block, Rensselaer. 3-23-94 JAMES W. DOUTHIT, LAWYER, Rensselaer - Indiana MORDECAIF. CHILCOTE, _&_T T. A~W, Rensselaer, Ind , Attends to all business in the profession with promptness and dispatch. Office in second story of the Makeever building. New Meat Market CREVISTON BROS. Shop located opposite the public square. Everything fresh and clean. Fresh and salt meats, game, poultry.etc. Please give us a call and we will guarantee to give you satisfaction. Remember the place. Highest market price paid for hides and tallow. [ IVURV EEED ™ STABLE, Lil Bill, M. L SHANABARGEB, Prepr. First-class Rigs at Reasonable Prices. Special Attention given to Transient Trade. Patronage Solicited. The Brick Barn. Terms Cash. Rensselaer, Ind.
t. hototojsf, DENTAL SURGEON. RENSSELAER. IND. All who would preserve their natural teeth should give- him a call. Special attention given to filling teeth. Gass or vitalized air for painless extraction of teeth. Office over Laßueßros. H. L. BROWN. I). D.S.
Gold Filling*, Croton and Bridge Work. Teeth Without Plate* a Specialty. Gas or vitillzed air administered for the painless extraction of teeth. Give me a trial. Officeover Porter & Wish ard's. $3 SHOEho 8 SAnd other specialties for Gentlemen, Ladies. Boys and Misses are the sBest In the World. See descriptive advertisement which appears In this paper. Taka no Substitute. Insist on having W. L. ha DOUGLAS’ SHOES, with name and price Stamped on bottom. Boid by ELLIS & MURRAY. AGENTS WANTED. * Vital Questions of the Day. > a ‘93 and '94. Battle* for Bread. COYEYISM, Strike*, the Unemployed. GREAT LABOR ISSUES of tht present and the future. Tariff Legislation. The Silver Question. What, PROTECTION does for tie American Workman. What FREE TRADE does for him. A book iwi the hour. .£? c £ ybo SM r Price only tI.W. Sells at sight. Most liberal terms to agents. Bend for circular* or send » eon tn for agent’s outfit at once. P. W. ZIEGLER A CO., 710 Ohestaue St-, PhUsdeldhla, p*.