The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-08-14
IT IS / LIVING ESTE.
MORE MoNeY--LowsRlNrEREsT
Tho Leaven is Worling-The Remedy
Lies In Organizing the Masses
Against M0nied Monopoly.
The SOuth's Peculiar Sit
uatlon in Finance

accomplishment, public henefactiou
But it occurs TO mo your assault or
high interest and local money matters
is surface strike. inequality IN The
distribution Of nations wealth is =
misfortune, calamity; It's aggregation
in the hand Of fen Is public men.
ACC, withiR tho confines tfa section is
public oppression. These results
may DO tho accomplishment Of supc-
rior personal Thrift, management or
financial genius, and remoailoss; or
OF government policies, GLASS or par
tial legislation, thcu IL furnishes
thought for the patriot, tho legislator,
tho statesman. Why fs mo ney scarce
inono section and abundant in an.
other? Why does money command
extraVagant rates at one place and
worth nothing olsowhero? That money
sustHins these conflicting relations
under The Same common government,
amongst tho samO common
people, in the same com.
mon country, with the seme
common resources ia to admit the an.
preme iniqulty Of prevailing policieg.
Tho wrong 10 to be found In the nd
ministration OF tho functions OF gov
ernment. This question OF money ia
inc VIAL, towering, all'aOsorbiug issue
OF tho present and The future. 1t lies
nearest tho personal, Of tho Amor
public, of all other isaros. And If this |
nation ever becomes ono OF "pil1es and |
gudge0ns," lords and Soris, money will |
be tho great factor in that revnlsion
Tho situation uaHinsJ which van de-.
claim is neither new nor novel, Nor
70 years Northern aud Eastern vanilla
have groaned beneath the vojpht of
accumulated money, while Southern |
vaults have bean pooplod with spiders
and nauseous yaporB. For 20 yearg idle
ana unemployed money has burdened
Northern and Eastern capitalists. while
THE WANT or MONEY HAS TARAiYZEn
SOUTHERN INDUSTRY,
crippled Southern enterDris @ and ON.
tailed want and misery upon Soutbern
people. In the South, during this
period OF time, our people have
steadily multiplied, our resources have
quadrupled, our property values have
grown like magic, tho untrv has bcct,
subsoilod with on0rgy, vieor. thrift
enterprise and pptculniion. UarveetS
abundant, Providence propitiOus' vet
IN the midst Of all this, like the i'pelI
of Darkness pun
"No MONEY" "HIGu INTEREST,"
still ABIDE with us. Is IL not conclu-
siVo thaL thefo exists somewhere an
abnormal condition Of affairs. These
surroundings and conditions ara not
the creatures of accident or chance
but are tho direct offspring of ann,
holy alliance between
MONEY CHANGERS AND PoIITIcIANs
MOI long ago Southern politicians
resist resumption, a Republicau
measure, because it united TO reduce
Inc volume OF money and contract
property values. RosIlmption 10 non,
cardinal virtue with both politicel
parties, still we havo no money and
nigh interest. This Same Southern
democracy few years ngO said ua.
llonal banks, With thoir power TO in
Hate or contract the volume OF money
AZ pleasure, caused money 10
be scarce and interept 6igh
National banks, with hnth
parties Is to-day ia high osteom; vat
wo havo in tho South mo mOuov y
high interest. But few years 100
Democratic atatosmon denounced Inc
Republican policy of boarding money
in tho United States treasury aud re-
funding the public dobt in lnterest.
bearing bonds, because 10 had a Ton
dency 30 mako money scarce and in
terest high. Not 80 now. TThe lion
and tho lamb have laid down To-
gethor." Democrats and Republicans
rejoice alike in the public debt. aha
public bond and tho big cash balance
IN the troasury, But fow years ago
DemOoratlo politicians assaulted the
kepuOiican limitation upon tho coin
ago OF silver, because it made monev
scarce and interest high. Not SO now,
Democrats and Republicans concur in
the belief that gold and silver In bnl-
lion Ia oil more commercial value and
subserves q better public interest than
itwOuld coined into legal tender dol.
lars. There Is now in tho Unjted |,
Statos treasury in round numbera
S5O0,O00,000 There IN row due and
payable at the option OF tho govern
ment $3OO,OO0,0O0 OF interest. benrinp
bonds, Democratic and Republican
policies in the interest.
"No MONEY" AND "HIaH INTERRsT,p
withholds this vast sum of money
from circulation, Now, Mr.. Editor, II I
resumption, national banks, boarding
money IN the uAited states treasury,
refuudlng the public debt with inter,
est-bearing bonds, limitations unon
the FREQ coinage of silver, have eaoh
been potent agencies in producing this
monetary inequality, this alarming
condition OF finance, would not their
repeal or modification produce the de.
sired reaction? II the government
will go out OF tho nursery busIness
and dispense It's patronage and Tayors
to all the people alike, with priyileges
to none, equal opportunities 10 ali.
then the highway to financial ease
and comfort VIII be more &C.
cessihlo 20 all. II government will
permit money TO DO based upon
its bonds then allow 10 upon her lands,
II government viii pay Interest TO the
lew, mon loan us surplus TO the many.
But you say these details would be
IN government, / mani ,
IL, but as member OF this family de-
mand equal rights with my elder
brother; If our parent advances him
money on his bond, | want IL on INV
land; IL ho be allowed TO coin money
on his securities, want tho same
right upon mine. y
None will deny that tho yaluo Of ;
money ia measured by its ousntitv. 10 !
II not therefore, manifest that every
policy which tends TO increRse the +,
volume OF money chonpens It's use and =
It's leluoP Then the question with
viii ! sou have been dealing is in
tentcty u pOllllCAl ono, n
THE HAND or SHYLoCK I
has been upon the South for 20 years.
The policies OF the Democratic and Re.
publican parties have iostered and !,
sustained IL. To the end that tho
South, the North, the East, tho West
might have cheap money, / would
reform the dominant party q
organization so as 10 remove q
all restriction upon tho coinage and
OF gold and silver, and
thereby supercode that money bastard 4
called gold and silver certificates.
1 would disburso every surplus dol
ar of money in tho United States treas ?
iry, In the liquidation ofinterost.bear-
ng bonds. would destroy tho char
,er of every national bank on Amorl- n
AN soil, and lot the government with
IL own issue Rupply their circulation,
With its promise OF redemption, not j
lpon one consecrsted spot, but whor, Q
,var tina novernmOut had an Office or