People's Pilot, Volume 4, Number 52, Rensselaer, Jasper County, 20 June 1895 — PROGRESS BACKWARD. [ARTICLE]

PROGRESS BACKWARD.

Henry W. Grady’s Paper on the Gold Standard Anarch late. From figures obtained from auditors , of 43 states and territories of the union the Atlanta Constitution has demoni strated the effects of the single gold standard for the year 1894, to be a decrease of >500,185,790, In 31 of the states and territories, the remaining twelve showing slight gains. The only increase was in New York, Pennsylvania and the New England states, except Missouri, Minnesota, Louisiana and a few others of less than a million dollars each. New York leads all others, in fact, is more than twice that of al) others Combined, >238,883,482 against 1191,817,273. The greatest losses were sustained by the states of Washington and Wisconsin, >57,000,000, ahd 1 >54,000,000, • respectively. Colorado comes next with >29.000,000, then Indiana with 826,000,099. Georgia, 823,000,000, Illinois, 822,000,000, Kansas, 819,000,000, Texas, 818,000,000, Alabama, Oregon and Utah, 817,000,000 each; Ohio, Nebraska, and California, each 810,000,000; lowa, 89,000,060; and fourteen others with less than bine minions each. Is it any wobder that the east, particularly New York city, Philadelphia and -Boston, the principal beneficiaries of this system, should be ’infatuated with the gold standard? The above results are only for one short year. Think what a generation or two of this congestive process must inevitably bring upon us and our children. IS‘there not greater provocation for open revolt than existed in 1776 or 1861? Just think of half a billion dollars a year swdlowed up in this awful maelstrom. >19,000,000 in Kansas, alone, or about >t4o for each inhabitant. All this in addition to the untold millions of monopoly taxes. I It is now in order for the democratic party to pass a resolution of thanks to the republican party for pausing the demonetizing law of 1873.