The midland journal. (Rising Sun, Md.) 1885-1947, 1890-05-02
SI.oo "A YEAR, IN ADVANCE.
Friday, May 2, 1890.
Who Own the ''Great Dallles?"

stock concern, having hired editors. Who
owns this valuable stock which represents the
capital and directs the management of those
papers? The monopolies and millionaire
who are eating up the products of industry
of the country. These facts being kept in
view it is the most logical thing in the
world to account for the opposition these
papers offer 10 every movement locking
toward the betterment of the finances of the
country, aud 10 account for the scorn and
storm of ridicule they pour out on TIE
farmers &nd other industrial classes who
endeavor to organize movements to better
their condition, and procure voice in the
government commensurate to the interest
they have in public affairs.
The effort made to down the saloon and
release its iron grasp on the politics OF the
country, reused such storm of abuse from
the united daily press as to astound the pub
lie: and the church and better class of people
have been in daze to find the power of the
daily press so solidly welded ON the side of
the saloon whenever and wherever the effort
has been made to shake loose the grip Of
the liqnor power.
The scorn and ridlcule has meyer been
TOO mean which could in any way be tor
tured to do duty against the farmers while
they have been struggling TO form assocla-
tions through which they nigh. offer some
resistance to the rob5ers who constantly
prey upon them, and when some financial
measures of their suggesting was offered in
Congress the other day, the storm Of abuse
and kissing contempt they received from
the daily press surpassed all previous efforts.
Again the farmers and labor organizations
have backed the movement to remonetize
silver, and when il is ON the point of being
consummated, those same dailies without a
single exception are at white heat in their
reckless denunciation. The following is
the recent utterance of enc Of those joint
stock dailies:
"There is no reason why the currency Of
the country should not be enlarged. The
reduction of bank circulation and the rapid
growth of the business interests of the nation
demand a steady Increase of money, but
why must silver be singled out and stored
by the hundreds of tons as basis of cur
rency, when a better currency with less
cost could be furnished by legal tender notes
issued by the government"
When the 'greenback party" proposed
this very measure, these papers fairly split
their sides laughing at the ridiculous prop
osition; and the rag baby" served for NO
end of puns, jokes and quips for these
"dailes," while the bankers and gold ring
never ceased operating through the secre-
taries of the Treasury, and the Treasurers
of the United States to have the greenbacks
all called in and destroyed, declaring the
greenbacks were fiat money based on moth
ing. When the farmers and other laboring
classes take them at their word and propose
to enlarge the circulation Of money by bas-
ing the notes OF silver, the daily mouth
pieces of the money monopolists attempt to
howl silver down and ask for fiat money.
This same "daily" continues
"What silver is needed as coin is entirely
proper for the government to buy, but when
silver is purchased and held in bullion as a
basis of circulation for currency, il stands
precisely on the footing of iron, copper,
lead, wheat, corn, cotton, or any other
product of industry. 1t would be as reason
able and quite as just for the government to
take the surplus iron, copper, lead, grain,
cotton, pork or manufactured fabrics and
issue money or loans upon them"
Now add gold to this catalogue of mer-
chandise among iron, copper, &C., and The
list is complete. Why issue on gold and
not on silver? How many checks and bills
of exchange, drafts, etc, are issued on
those products above named, and do bust
ness as money every day? Will this wise
daily tell us what its proposed illegal ten
ders'' would be issued on if not on those
very products 1t names? Ifthe nation did
not produce hundreds and hundreds OF
millions of those products every year, would
the proposed legal tenders be worth cent?
Certainly not There are upwards of 600
millions of coin and gold and silver bullion
piled up in the government vaults. Sup
pose the people paid no taxes into the
treasury for two years, every cen! of this
gold and silver would be expended to de.
fray the ordinary expenses of the govern
ment. Then what would be under the legal
tenders to make them serve as money!
Just what this daily scornfully ennmerates
above. The government can either issue
notes based on silver or gold, ten for one il
it chooses, and those notes will buy dollar
for dollar as much as gold or silver in
Europe or America. And every dollar Of
that old and silver might be dumped into
the sea and those legal tenders would pur
chase Just as much of any kind of merchan.
disc as the gold and silver if in hanu. And
why would they have this purchasing power:
Principally because there are twelve million
frmers with good strong arms and good stout
hearts in this country, with Gods sunshine
above them and green earth beneath their
+ Ell, who produce thousands of millions OF
things that all mankind must have. and
which products would buy all the gold and
silver in the world, and these millions OF
farmers and other producers are willing to
take their governments legal tenders in ex-
change for these products which have in
trinsIc value sufficient to buy all the gold