Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1890-10-30

AOfefhment AZ Aclual cost Oi issue.
TO an inadequate supply OF money dc
the industrial ciasses OF tho world owe
their present and past enslayement
Safety to Government by unqucstioned
security upon property by law declared
suitable for tho purpose, should rsgu-
late tho issue OF tho legal represents
tive Of property, or money. We're
money issued by the Government upon
undoubted mortgage security, TO owners
OF productive real estate, as well as to
owners Of bullion and Government
bonds, unjust rates OF interest would be
impossible, and capital that is now
loaned at excessive interest rates would
be driven to investments in enterprises
that would give employment to unem-
ployed labor
AS the need Of an adequate circulat-
ing medium is the chief cause OF the
condition known as bard times, so, only
in a lesser degree, are produce Of
wealth and the consumers of their prod
ucts impoverished by the enormous
tribute which is now legally exacted
from them by the private owners OF the
great public thoroughfares (the Amer
lean railways, by which the surplus
product OF labor is transported to the
consumer.
The abuses which are inseparable
from the private ownership OF these
great public necessities can be meas
ured only by an appreciation Of the fact
that the prerogatiyes which are by law
conferred upon those who now legally
enjoy an unjust advantage at the ex-
penso OF society, practically enable
them to prescribe the conditions upon
which the fruit Of industry shall be
transported to market. The effect Of
the exercise by them Of this unwar-
ranted power is aptly illustrated by
comparison OF the relative condition of
the agricultural and transportation in
terests OF the country at the present
time.
As result OF unjust legislation.
American farmers are rapidly being
eyicted from, or becoming tenants upon,
the land they once owned.
The present idleness is enforced idle
ness, due to the inability Of property
owners to obtain at other than ruinous
rates of interest the legal representa-
tive OF their property; they are thus
prevented from utilizing, for the bene-
tit of themselves and society, the accu-
mulated product OF their industry. The
continuance Of these advantages by
which the individual is enriched at the
expense Of society is discretionary with
those who are wronged by the National
policy permitting them. BY suderance
only do they exist
The ballot is the arbter Of National
policy~ -S
Whether or not We as people shall
provide ourselves with that which no
civilized nat on has yet been permitted
10 enioy-an adequate supply OF money
lis simply a question Of ballots
Whether or not the great transporta-
ton lines Of the country shall become a
public convenience, as they are now
public necessity, rather than continued
As instruments IN the hands Of indivId-
lals for private gain, 10 the injury Of
society, is simply question Of ballots
A iudicious exerc SO OF the ballot,
lowever, is necessary to correct exist
ng evils, and to divert the sasters
hat inevitably follow the cen trallzation
IF wealth in the hands Of those who con-
.rol the machinery OF government by
IN Independent exercise Of the ballot
,nly can threatening dangers be averted
Loyalty to party is costing tho Amer
can people thoir property and their
ibcrt es.
Pho enslavement OF labor by capital
$ accomplished through the control by
he latter OF the machinery OF political
,artios. The control Of the party ma
Ia merry carries with it tho support OF
be party bership. while the decree
II tho party caucus that shapes Con-
-ressional action, is in effect but the
dict Of able political leaders who hold
heir official positions as a reward for
erving the interests OF capita
The subseryiency TO the interests OF
apital of those holding the highest Of
c al positions under the Government +.
S manifested in various ways. The dis /
retionary powers that are conferred up /
n the Secretary OF tho Treasury by the /
legislation Of recent years, are (
nvar ably exercised in the interest OF /
apital
Under both Republican and Demo- +
ratio Administration this great pol.t-
cal agency is used torestriet the volume
I money
Since 1878 the various Secretaries OF
he Treasury, although possessing dis
retionary power TO coin four million
liver dollars per month, have in the
interest OF capital, coined but two mill
ons per month, the minimum amount
erm.tted under the law.
The exercise OF this discretionary
over by the several Secretaries OF the
'reasury under the Administrations of
res dents Hayes, Arthur Cleveland,
nd Harrison, has alone deprived the
eople OF the United States OF circu-
,ting medium aggregating nearly 2j0
ill on dollars, or quite 80 per cent Of
be sum now estimated to be in actual
REGULATION.
In the interest Of capital ex-Pres.dent
Iayes vetoed the Bland Silver BILL
.hich had passed both houses Of Con-
ress n 1878
In the interest ofcapital. ex-President
ieveland, after election hut before his
addressed his famous COM
Iunication to the Democratic members
( Congress. urging the suspension Of
be purchase and co mage Of silver.
In tho interest Of capital, President
arr son. during the present session of /
ongress caused TO be made public his
itention to veto the bill providing for
he free coinage Of silver, should il re-
rive tho sanction OF both houses OF T
ongress.
Experience demonstrates tho folly of
niger enrusting the task Of relieving
he people Of the burdens they so wrong
lily bear, to Representatives in Con-
ress who owe allegiance 70 either the
epubl.can or Democratic party organi-
atoms. The financial legislation Of
ongrcss furnishes conclusive evidence
the fact that the machinery Of both
iese parties is used to continue the ad-
lntages now enjoyed by those whose
iterests are promoted by a restricted
plume Of money. Tue interests Of this F
.vorod class are not ieopardized by the
iccess or defeat of either Of these par
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