The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1878-02-22
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the passage Of the silver bill, raves in
sanely al the lawmakers Of the nation,
charging them with yielding weakly to
assnselessand ignorant popular clamor.
We ask the 0regonian which is the
surest Indication of weakness" on the
part Of public servant, to s'yield" to
the demands and wants of the suffering
people Of the land, and 50 vote aud act
in his official capacity as to relieve this
distress, or by favoritism or some
stronger and less honorable motive, use
his power to strengthen the clutches of
the mOney-sharks of the land upon the
poor man, and thus increase and per
petuate this +" fearful paralysis of hard
timesT
Let the 0rego,sian answer. It is
worthy of remark that the. bankers and
capitalists in whose interests that
wealthy, bloated journal labers with
whatever ability it may possess, and
who insist upon the maintenance of gold
as the single standard of money, arc
the very men whe force silver as money
upon the workingmen and poor. They
demand gold coin in payment of every
obligation or debt, and refuse to receive
more than Ave dollars in silver coin at
any one time. But they pay their enl-
ployes, or the wages of their working
men, in silver coin exclusively at par.
They are now sending trade-dollars to
the east, and receive profit of 3 per
cent. upen these coins.
During 1876, it viii be remembered,
these same bankers and money changers
reduced trade-dollars to einety cents
each, and for msnths refused to receive
them at higher rate At the same
time they forced the coin upon them
employees at par The trade-dollar
weighed just as much then as it weighs
new-it was iatrinsically worth as
much. BY driving these coins down to
ninety cents in 1876 they made hun,
drels of thousands of dollars-every
dollar of the enormous profit having
been exterted from working classes.
Now they sell the same coin at a clear
profit Of per cent.-and again they
reap the senne prodigious harvest wrung
from the laborer. Meanwhile the dol
lar in silver, of regular coinage-dimes,
quarters and half-dollars-Raid to the
poor man at par, is received back al
only ninety-two eents-a profit of eight
cents on each dollar; and the poor have
no means of helping themselves or pre-
venting the outrageous shave and ex-
tortiOn. If silver were, as the Consti-
tuition declares ito be, legal tender,
the same as gold is. the money kings
would not thus be enabled to bear and
bull silver cein, each time to the cost ol
the Posr, and make from eight to eleven
cents on each dollar they receive and
pay out,
When person walks through the
streets of the thousands of cities
throughout the land, and observes the
the numerous brokers' Offices. in which,
the business Is mainly the buying and
selling of silver and gold coin and
sreenbaeks, end estimates tho sum total
which all of these must pay for rent,
furnishing, gas, etc, and aise the aggre-
gate profits made, and then reflects tnat
all these expenses and profits come from
the pockets of those who are at the
mercy Of the moneyed class, and whc
are compelled to submit to the exsor.
ton as one observes, and estimates
and reflects upon all these things, We
repeat, he cannot but conclude that The
legislation which is transpiring in Con
gress, and which the 0regonian and
other bondhoIders' journals 50 strenu
Ously oppose, is that which will restore
silver to its constitutional place as &
legal tender, and make dollar ia silver
coin dollar the equal of the gold dol
lar, and dollar te the millionaire, cap
italist and banker, just as it is to theil
employees, the working classes and tht
poor.
There is much method in this '.ipsan,
elamor," and thank God our Senator
and Representatives are honestly anC
zealousIy yielding" to 1t, and viii
shortly answer its demands with th,
great relief so Iongingly coveted.