People's Pilot, Volume 6, Number 19, Rensselaer, Jasper County, 29 October 1896 — Page 7

ANYONE CAN SEE IT.

BRYAN PREACHES THE TRUTH OF THE SILVER CAUSE. Open the Mills Without Money in the Pockets of People with Which to Buy Their Products and They Would Close Very Quickly.

• From the 187th speech made by Mr. Bryan we take the following lines: "Our opponents tell us to open the mills. What is the use of opening the mills unless people can buy what the mills produce. You make pianos and organs here, but you don’t make them to play on in the factories. You make them for people to play on in their homes. How can people buy pianos and organs unless they can sell their farm products for more than enough to pay taxes and interest on their debts? (Applause.) You can open all the factories you will, but unless you put enough money in the farmers’ pockets to buy products, you might as well close your factories. "Prosperity never came down to the people from the money changers of any country on the face of the earth. (Cheers.) Have your taxes fallen any in the last 20 years? As a rule, they are higher. If, the price of your products is cut in two, you must work twice as hard to pay the same amount of taxes as you used to. The gold standard means half time in the factories and double time on the farms to make the same, amount of money. It means half time in the factories because there is not work enough for the people to be employed full time, and it means double time on the farm to make a living. Make times a little

GOV. OGLESBY.

There is a universal prostration of business. The American people are honest, and will not favor repudiation. There are fewer fools and perhaps fewer critical scholars than in some other n?tionc; ours are industrious orderly, liberty loving people. Though millions are uremployed, most desire to work—their idleness is enforced. In the east I hear the west are studying repudiation; but I know not a man here that would bake the advantage of law or technicalities to injure a public creditor. They pay all they agree to pay, and only demand their lawful rights. For a few months I am permitted to vote for half of this great state, and I mean to give no just ground to any one to charge me with being a repudiator. Hard times compel us to study all about gold, silver and paper currency; and the people ask, what is money? It isn’t realty, or personality, nor highwines nor hymn books. Some say it is accumulated capital. Well, then, how much does an average man need of it? Some say $lO, some S2O and some say SIOO a head. The amount differs in different countries and statesfnen differ. ONE MORNING OUR PEOPLE WOKE UP AND FOUND THE SILVER DOLLAR HAD SLIKED OUT—NOT THE MEXICAN, NOR THE SPANISH, NOR THE JAPANESE, BUT OUR DOLLAR. MANY BELIEVE THERE WAS FRAUD AND -TRICK IN THIS— a PLAN CONCOCTED BY CAPITALISTS TO SWINDLE US. THESE FELLQWS DENY THIS, BUT THEY APPEAR MIGHTY GLAD OF IT. Well very few knew of it; the people were not consulted, and they feel that they were tricked by somebody. The people are usually quite revengeful, when sharp practices are played on them. You all remember when the Dred Scott decision, and when the Nebraska bill were sprung upon the people; well, they did not rest until they took revenge upon the interests assisted by these measures. Well, the people feel the same way about this silver business, and capitalists had better take it back. I SHALL VOTE FOR THE REMONETIZATION OF SILVER JUST AS IT WAS, AT THE FIRST OPPORTUNITY. HERE COMES A FELLOW AND SAYS: “GOVERNOR, DON’T YOU KNOW SILVER ISN’T

harder, and instead of working three days out of the week you will be glad to work two. Make them a little harder, and. instead of working two days, you will be fortunate- if you get one. Make times a little harder and the purchasing power of a dollar won’t bother you because you won’t have any dollars to purchase with. “Show me a man. who makes his money out of legislation and I will -show you a man who will stand on a street corner and abuse .people who want to have legislation for themselves. Show me a man who has made his money out of unjust laws and he will deny legislation that can be of any benefit to anybody. Show me a man engaged in unlawful business and I will show you a man who says he is opposed to mj r election for fear I won’t enforce the laws. (A voice: ‘They are afraid you will.’) That is the trouble. The very people who have been using legislation as a means of private gain are the ones who denounce anybody if he thinks the laws ought to be just. The people who used the law to strike down silver in 1873 are the ones who most bitterly denounce anybody who wants to use the law to bring silver back and put it on an equality with gold. # “There has never beeh a change in the weight of a silver dollar since the days of Washington. The silver dollar was good enough until we turned our treasury over to the financiers of Wall

street and nothing Is good enough for them.” (Great cheering.)

FOREIGN CAPITAL.

The Amount Invested In the United States. We have time and again warned the American people that Great Britain is rapidly becoming master of this country through loans and purchases, but the pepole seem to ignore the fact because the old political parties that hold them in thrall ignore it. But it is a serious question for Americans nevertheless, and we scoff and deride the boasted patriotism that can look upon it with indifference. A few weeks ago we published a list of lands held by foreign nobles and syndicates, which was of itself enough to waken even a dying patriotism. We are now able from a recent issue of tl»e New York World to give thecash value of British holdings in the United States as follows: 80nd551,250,000,000 Mines 150,000,000 Gas light companies .... 50,000,000 Electric light companies. 50,000,000 Breweries 35,000,000 Stockyards .... 20,000,000 Cotton mills 20,000,000 Flour mills 10,000,000 Dressed beef companies.. 10,000,00(5 Rolling mills 10,000,000 Distilleries 5,000,000 Grain elevators 5,000,000 Sash and door factories... 5,000,600 Leather goods factories.. 5,000,000 Food produce companies. 4,000,000 Paper mills 3,500,000 Ship yards 3,500,000 Potteries 3,000,000 Varnish works 2,400,000 Rubber mills .2,000,000 Miscellaneous .... ».... 50,000,000 Real estate 1,500,000,000 Total $3,193,500,000

WORTH AS MUCH AS IT WAS BEFORE?” WHY, YES; I KNOW IT; LOTS OF OTHER THINGS ARE IN THE SAME FIX; BUT WE WILL GIVE YOU JUST. AS MANY GRAINS OF SILVLR AS WE AGREED TO; AND I MEAN TO VOTE TO COIN AS MUCH OF IT AS OUR MINTS CAN MAKE. (GREAT APPLAUSE.) Now I must be careful of my votes, you know. But silver and gold has been the coin of the world for all time, and both have an equal right to stay as money; all creditors everywhere understand they must take these coins. When our debts were created gold and silver was what we agreed to pay in. The silver dollar then had 412% grains. Now the goldites claim there was no trick in demonetizing silver, and* it was done just when silver began to be plenty. And we find all these fellows full of books and tables and documents to oppose its recoinage as money. There is something strange about this. “They say ‘silver is too heavy.’ ” Give us greenbacks then. (Great applause.) But they answered: “They are unsubstantial. Great Britain has unfolded the gold standard.” And we find many are just dying to follow Great Britain and British institutions. WE DON’T WANT THEIR IDEA; THEIR LAWS OF ENTAILS WERE BRUSHED OFF LONG AGO AND WE DON’T WANT THEM BACK AGAIN. NOW, SUPPOSE WE COIN $50,000,000 AND GIVE EMPLOYMENT TO 1,000,000 IDLE MEN. WOULD THAT BE WRONG? I THINK NOT. IS IT DESIRABLE TO CRAMP US ALL INTO BANKRUPTCY WITH SO MUCH MEANS TO PAY OUT ONLY WAITING TO BE COINED? IT WOULD’NT BE AMERICAN, NO, NOR GOOD SENSE. I WANT TO MAKE MYSELF FULLY UNDERSTOOD; TO TALK AS I WOULD IN THE SENATE. THERE ARE SIXTEEN STATES AND TERRITORIES THAT PRODUCE SILVER; NOW, WHY DEMONETIZE IT? I DON’T SEE. WE GET $3,000,000 A MONTH FROM ONE HOLE. UNDER OUR LAW GOLD IS WORTH SIXTEEN TIMES AS MUCH AS SILyER; IN FRANCE GOLD IS ONLY 15% TIMES AS VALUABLE AS SILVER. I THINK IT IS RIGHT TO PUT IT BACK AS IT WAS.— [See Chicago Inter Ocean, January 1, 1878.]

The World declares, and truly, that figures of such an amount can scarcely be appreciated. It is thirty times greater than the amount ordinarily in the United States treasury. It is four times as large as the sum total of the nation’s immediate resources as shown by the official report of the secretary of the treasury at the end of the last fiscal year. At the end of the civil frar the nation’s debt was $2,773,000,000, or $400,000,000 less than what the British now own in the United States. To-day, with the national debt fallen to about $1,500,000,000, the British could pay it twice over by taking out of the American pocket what belongs to them.

Pea-Nut Politics

Plutocratic papers have been trying to make thunder out of the subscription prices published in the Mexican Herald. It delivers by carrier in the. city for sl2, by mall in the country $lO, to Central American States sl2, and to the United States $7.. As is stated by the goldbug papers, they send the paper to the United States and pay the postage for $7, because the money of the United States is equivalent to gold. That is exactly what reformers don’t want—low prices. Everybody knows that a gold standard paralyzes prices, High prices for everything always makes money, plenty and times good. Come again, plutocracy.—St. Louis Evening Journal.

THE PEOPLE’S PILOT, RENSSELAER, IND.. THURSDAY, OCTOBER 29, 1896.

WHEN HE WAS HONEST

WHEN HANNA'S GOLD HAD NOT TOUCHED HIM. Terry Powderly W»» For Free and Unlimited Coinage of Sliver Extract from Hie Article In the North American Review Printed In 1891. Terrence V.* Powderly, ex-general maeter workman, was once an honest man with honest convictions. Now he is receiving gross gold for his services to the enemies of labor—Mark Hanna, H. C. Payne and the republican party. In 1891 he wrote for the North American Review an article entitled “The Workingman and Silver.” Here are some extracts therefrom: • * • “The mechanic and the laborer are as deeply Interested in the free coinage of silver ae the farmer can possibly be, since in earning a livelihood and in paying as they go all are equally concerned in the medium of exchange. The farmer been heard on the money question, and the city workman, although he has not spoken out on the subject, holds views identical with those of his neighbor on the farm. * .• • “In congress, at the behest of the owners of gold, silver was secretly and stealthily demonetized. , This the laborer did not see, nor the president who signed the bill; and within the last few months statesmen, who were senators and congressmen in 1873, when the demonetization of silver was accomnlished. have admitted voting for the bill without knowing tnat it containeu

the demonetization clause. One statesman has not denied a knowledge of the act of treachery to the people—John Sherman—and he is to-day the subject of adverse criticism by nearly every living man who sat with him in the Senate when that bill was adopted without question, on his word that it contained 'nothing that Interfered with the coinage of the silver dollar. » * * “Gold is the legal standard to-day because the bankers, brokers and gold owners of the world Influenced con- ! grees to make it so. The people z n ever that could be construed in favor of monometallism, never petitioned congress to pass such a law. It was done' when a bill with sixty-seven sections, as long as the moral law, was under discussion, and was passed through congress without question, because that body had faith in the honor of a committee of three, of which Mr. Sherman was chairman. * • ♦ “THE TERM ‘FREE ANIS UNLIMITED COINAGE OF SILVER’ IS MISUNDERSTOOD. MANY BELIEVE IT TO MEAN THAT EVERYTHING IN THE SHAPE OF SILVER BULLION AND OTHERWISE WILL AT ONCE BE COINED IN UNLIMITED QUANTITIES AND THROWN INTO THE STREET. ONLY THOSE WHO HAVE SILVER TO COIN WILL TAKE IT TO THE MINT, AND ONLY THOSE WHO EARN IT WILL, OR SHOULD LEGALLY BE PERMITTED TO POSSESS IT. ‘BUT THEN THE FOREIGNERS WILL SEND THEIR SILVER HERE TO BE COINED IF IT IS FREE. AND THAT WILL GIVE US TOO MUCH MONEY’ IS ANOTHER CRY. IF A DOLLAR’S WORTH OF SILVER COMES ACROSS THE WATER, A DOLLAR’S WORTH OF SOME AMERICAN PRODUCT WILL BE EXCHANGED FOR IT, UNLESS THE FOREIGNER IS RECKLESS ENOUGH TO SEND HIS BULLION FOR NOTHING. IF HE DOES WE ARE THE GAINERS.’ * • • “The cry that ‘we will have too much money if silver is remonetized and made the equal of gold’ is unworthy of consideration. No nation ever yet complained of having too much money or suffered through that cause. Hard times and panics are due to contractions ,and not expansions, of -the currency. Contraction of the currency Is not possible where the government Itelf, acting under its constitutional right, issues the currency directly to the people without the intervention of individuals and corporations. • • •

It Has Been Going on Fifty Years Too Long, but It Will Be Stopped March 3, 1607.

ENGLISHMAN TO AMERICANS.

Pmaldent Ivca Itsuea a Coercion Manifesto to “o’* Railroad Employee. Creston (Iowa) Evening Advertiser, Sept 11, 1896: The following is an exact copy of a circular sent by the B. C. R. & N. Railway company toevery one of its employes in Iowa: BURLINGTON, CEDAR RAPIDS & NORTHWESTERN RAILWAY. Office of the President. To the Employes of the C., B. & Q. R’y.: Is not this money good enough for you? Why should any man, especially a railroad man, want money wmen wm purchase but half as much as this? The amount paid to you in 1895 was $1,617,119.39. One million, six hundred and seventeen thousand, one hundred and nineteen dollars and thirtynine cents. If the doctrines of the Silver Party are true, THE PRODUCTS OF THE FARM ARE TO BRING A HIGHER PRICE. DO YOU WISH TO VOTE TO INCREASE THE PRICE OF THE SACK OF FLOUR, OR THE MEAT YOU BUY? If this doctrine is true, all articles bought from Foreign countries will be doubled in price. Such ae Coffee, Tea and Sugar. Do you wish to pay more? The Rate of Freight and for Passengers on the Railways are fixed by law, and cannot be raised. The Railway Company must pay you in the money it receives, and cannot PAY YOU more than now, for the reason that IT will RECEIVE no more than

JOHN BULL’S LITTLE GAME.

now, notwithstanding the fact' that it will be only half as good. If Mr. Bryan,, is our next President the money of the country will be Silver, or Silver Notes on a Silver This Railway Company has to pa / the interest on its Bonds in Gold, SBII,OOO, and it has to pay a Premium to get it, and thereby the interest account is increased, there will be no way to meet it except by reducing expenses, and while the pay may not be reduced, THE NUMBER OF MEN EMPLOYED MUST BE REDUCED. DO YOU "WISH TO TAKE THE CHANCE OF ITS BEING YOU? Yours truly, J. V. IVES. President Ives raises the issue squarely between the railroads and the •farmers. The railroad corporations through their stock jobbing departments, have contracted large debts and made those debts payable in gold. Railroad charges being largely fixed by law, the managers of these corporations are supporting the scarce money policy, well knowing that scarce money means dear money, and that dear money means cheap prices for farm products. President Ives opposes freesilver coinage because he does not vzant the price of flour and meats increased. Those who advocate the election of Mr. Bryan say that, while free coinage will raise the price of flour and meat, it will also advance the price of every other product of labor and benefit every laborer in the land. Free silver coinage will stimulate business of all kinds, including the railroad business, and more business will necessitate the employment of more men, and the increased demand for men will bring with it an increase in wages. Which policy is best for the country? Which statfement is the more reasonable? P. S.—IVES IS AN ENGLISHMAN IMPORTED TO DO THE WORK OF THE ENGLISH OWNERS OF THE Q. ROAD. WHEN* YOU GO TO THE POLLS VOTE TO CRUSH HIM.

Gave Half His Windows to a Neighbor. The most benevolent man reported this year lives in Whltneyvllle, Me. His house having windows and blinds, he concluded that duty called him to divide windows with a man whose house had neither. Upon the strength of this conclusion he gave away every alternate window, boarded up the apertures thus made, and closed the blinds to keep the generous act from the knowledge of his neighbors.—Machias (Me.) Republican.

OPEN YOUR EYES NOW

THE WRONG MUST BE RIGHTED IN NOVEMBER OR NEVER. We Cannot Longer Follow the Path Laid Out for Ua by the Financier* of England Davis of Kansas Quotes Good Authority. • Mr. Davis, of Kansas—The president rightly said that “the inexorable laws of finance and trade” can not be defied with Impunity. So, having copied the financial policy of England, is it strange that we must suffer the same penalities? In 1865 the people of the United States emerged from the greatest war of.modern times. They had been successful. They had saved the best government on earth. Money was plenty, times were good, the national debt was not large, and, as individuals, we were “out of debt and prosperous.” We felt ae did the Britich people after their great victory at Waterloo, and the banishment of Napoleon. The British system gpf contraction, inaugurated here in 1866, began to tell on the clearing house transactions in 1870. In 1873, the same policy struck down silver. This was at once followed by a disastrous panic, distressing the bn tire country, as bad never before been witnessed. According to Senator Logan, it was a “money famine;” and it has continued ever since with only temporary abatements. I have now shown the similimty of the British and American financial policies Instituted for the same general purpose, under similar conditions.

Ours was and is a substantial copy of theirs. To show that similar crab trees bring forth the same bitter fruits, I call attention to the testimony of eye-wit-nesses as to the results in the two countries. Mr. Thomas Carlyle has pictured a period of monetary stringency In England in the following language: Carlyle Said. BRITISH INDUSTRIAL EXISTENCE SEEMS FAST BECOMING ONE VAST PRISON-SWAMP OF REEKING PESTILENCE, PHYSICAL AND MORAL, A HIDEOUS LIVING GOLGOTHA OF SOULS AND BODIES BURIED ALIVE. THIRTY THOUSAND OUTCAST NEEDLEWOMEN WORKING THEMSELVES SWIFTLY TO DEATH, AND THREE MILLION PAUPERS ROTTING IN FORCED IDLENESS, HELPING THE NEEDLEWOMEN TO DIE. Ingercoll Said. • Col. Robert G. Ingersoll has drawn a picture of society in this country during contraction, as follows: NO MAN CAN IMAGINE, ALL THE LANGUAGES IN THE WORLD CANNOT EXPRESS, WHAT THE PEOPLE OF THE UNITED STATES SUFFERED FROM 1873 TO 1879. MEN WHO CONSIDERED THEMSELVES MILLIONAIRES FOUND THAT THEY WERE BEGGARS; MEN LIVING IN PALACES, SUPPOSING THEY HAD ENOUGH TO GIVE SUNSHINE TO THE WINTER OF THEIR AGE, SUPPOSING THEY HAD ENOUGH TO HAVE ALL THEY LOVED IN AFFLUENCE AND COMFORT, SUDDENLY FOUND THEY WERE MENDICANTS, WITH BONDS, STOCKS, MORTGAGES, ALL BURNED TO ASHES IN THEIR HANDS. THE CHIMNEYS GREW COLD, THE FIRES IN FURNACES WENT OUT, THE POOR FAMILIES WERE TURNED ADRIFT, AND THE HIGHWAYS OF THE UNITED STATES WERE CROWDED WITH TRAMPS. Mr. Speaker, the inexorable laws of finance and trade cannot be defied with impunity. We haVe copied England’s financial policy, and we have suffered her disasters. We are still copying her policy and also continue still reaping the same results. It appears to be impossible for our public men to learn anything from history, or even from their own experiences, with the wellknown facets thrust into their very faces.—(See Congressional Record, Fif-ty-third congress, first session, August 22,1893, page 373. ( This is a famous year tor swore ns? along the Maine coast

MORE EVIDENCE.

Convincing Testimony of th® Ruin Wrought by the Single Gold .Standard In Belgium. Reprinted by Request.

Moreton Frewen In Chicago Record, Sept. 15, 1896 —The inclosed letter to the minister of the United States at Brussels reaches me from M. Allard, the distinguished Belgian publicist. Coming from a source free from political bias, it is likely to interest equally the supporters of Mr. McKinley and those of Mr. Bryan; each party being, as we are assured, equally In earnest to restore silver to world’s currency, the methods only being different: “To His Excellency, the Hon. Jamea Currie, United States Minister, Brussels: I feel it my duty to answer without delay the letter which you kindly addressed to me yesterday, but I beg your forgiveness if here in the country, far from my office and my references, I am less explicit than I should wish to be. “I follow in my answers the same sequence which you have adopted in your questions. “1. Tho law of Belgium gives to every debtor the unquestioned right to pay, at his option, in gold or silver, whether this debtor be the bank, the government, or a private citizen, native or foreign. "2. No official estimate exists of the quantity of money actually in circulation in Belgium, but this much can bo affirmed, that practically no gold Is met with;'so that the National bank, which alone issues bank notes in Belgium, never pays gold when these notes are presented, but always pays silver. "3. At its birth (in 1831) Belgium adopted the French monetary system, based on the two metals, goljl and ellver —1. e., bimetallism. “But about 1851, when the gold mines of California and Australia produced gold In large quantities, Belgium demonetized gold and became sliver monometallic. “About 1865, however, business became so depressed in Belgium that the people forced the minister, M. FrereOoban, to retire, and obliged the government to become again bimetallic. "About 1873 France prevailed upon the Latin states—France, ItAly, Belgium, Switzerland—to suspend the coinage of silver, which suspension established here a kind of limping monometallism—for, though silver can no longer be coined, the then existing silver coins continue to circulate within the Latin union, which union dates from 1865. “Since 1373 a crisis, constating iff a fall In all prices, exists continually, nor does it appear possible *to arrest its progress. Thia fall In prices, reacting on wages, Is now evolving a social and industrial crisis. “You ask me why we returned, in 1873, to monometallism, limping though it be? I can perceive no other reason, unless that It was to please a certain class of financiers which profited thereby—a class supported by theories, Invented and defended at that time by some political economists, notably by members of the Institute of France. “4. You ask what Influence these monetary measures have had in Belgium on industry and wages? Money, which was already scarce in 1873, has become ctlll scarcer, and that fall in prices which was predicted has taken place. The average fall ’in the price of all the products of labor is 50 per cent since 1873; that of cereals over 65 per cent. Industry is no longer remunerative, agriculture is ruined and everybody is clamdFlng for protection by import duties, while our ruined citizens think of wars—such is the sad condition of Europe. “5. For the last twenty years uu non gold nor silver hae been coined In Belgium. “6. The mint pays for gold 3,437 francs per kilo, and for silver 220.55 francs per kilo, v/ithout any change since 1865; but since 1874 it no longer buys sil. . There is thus a mint price for gold only; but gold Is always dearer In the open market than the purchase price of the mint. “Accept, M. le Minister, the assurances, etc., "ALPHONSE ALLARD. “Dlrecteur Honoralre de la Monnaie de Belgique, Delegue du Gouvernement Beige aux Confereux Montaire Internationel, 1892, etc.” At my request M. Allard has obtained permission from Mr. Ewing to publish the letter. Yours faithfully, MORETON FREWEN. No. 25 Chesham Place, Sept. 5,1896.

The New York Sun, while professing to believe there is no possibility of Bryan’s election, advises its readers, nevertheless, to protect themselves against all chance of loss from the success of the free silver craze by investing their surplus money tn lands and other forms of good property, and to borrow more money to invest in the same way. This concedes the very point for which bimetallists have so strongly contended, that the opening of the mints to silver would cause money now hoarded to seek Investment and increase the value of all forms of good property, and especially of real estate, which is now so greatly depressed. Aubrey Beardsley has at best but a short time to live. A friend who saw him recently says that the artist is In a hopeless condition and that the treacherous disease, consumption, from which he is suffering, will soon put an end to his career. Beardsley is only 24 years of age, but, by his peculiar methods he has gained world-wide fame as an artist. It Is probable that the death i of Beardsley would be a crushing blow to the decadent school In England.