Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1891-07-31

States guarantee the payment of the inter
est on their bonds. Then they organized
the Credit Mobiier with the privilege to
issue bonds. They gave the government a
first mortgage and then went back to con-
gress aud got them to release the first
mortgage and take another. The United
States government has paid $6S,000,000 of
interest for them. C. 2. Huntington tes-
titled that they got from the government
$174, 900 mile for building the road, while
railroad engineers testified that it could be
built for $50, 900 mile.
The State house Of Texas was built by
the contractors for 5000, 600 acres of pub
lie land owned by the State, at SO cents an
acre. A little while after they got it an
English syndicate bought a portion of the
tract for S15,000,0O0. Now that English
company will do nothing to improve their
purchase, but through the industry and en-
terprise of the American people it will be
worth to them $50 an acre. 1t is in this
way the result of the work Of the American
people is carried to Europe.
GOVERNMENT OWNERSHIP OF THE RAIL-
ROADS.
The government should own the rail-
roads. This is always met with the old
cry that it will make new army of office
holders. They said that when the free
school system was started; that the teachers
would make an army of oflice-holders under
the State. To-day all of us wish that army
of teachers was larger. In Kansas you see
farmers paying 3 per cent. a month for
money and corn only II cents a bushel, yet
in New Y DIRK corn meal is 60 cents a bush
ell. You see q Kansas farmer having to
pay $14.S0 a ton for coal and burning corn
in preference, and yet in the Lackawanna
region of Pennsylvania, miners are mining
that coal at IA cents a ton and are only able
to get eight days work in month at that
price. And with all this going on at the
same time, your Secretary of Agriculture
writes a letter saying the trouble Of the
farmer is in oyerproduction! The Labor
Investigating Committee found 10000 mi
ners locked out because they demanded s
per cent. advance. The Philadelphia Coal
and Iron Co. was investigated and it was
found that they really couldn't pay the s
per cent. advance in consequence of the
heavy freight rate of the Philadelphia &
! Reading Ry. Co.. which was $3.50 ton.
And their further Investigation showed
that the Coal and Iron Co. was owned by
the Railway Co., and that told the whole
story! The miners get 121 to 26 cents a
ton for mining coal that my wife in New
Y ork. pays SIS a ton for! And when you
propose to take the ownership of the rail
roads upon the government and remedy all
this sort Of thing, somebody cries out that
j it is unconstitutional We are law abiding
citizens who propose these changes. We
don't want to do anything dangerous We
, know what we are about. 1t is no more
unconstitutional for the government to
take the transportation Of freight in the
country than it was to take the transport
! tation of letters Why, the first Postmas-
} ter Generals report shows that the govern
ment owned horses, stages, built stables,
bought horse feed and carried mail and
, passengers between New Y DIRK and Phila-
! delphla and made money on it. Before
that. the letter carrying was i'll private
y
80 miles; now, the government will carry
your letter 5000 miles for cents and if 1T
can't find the man, bring your letter back.
The letter carriers of the government last
year earned their own salaries and 81 ,OO0, 600
for the government beside.
All these things can be done. All you
people have to do is to elect your congress-
man and instruct him to vote for it and
he IL do it. If you tell him to vote for the
government loaning you money on your
land at per cent. you'll see that he Il vote
for that too.
THE BANKS AND THE GOVERNMENT.
MI. Beaumont gave d history OF the war
financial legislation of the United States,
and how the bankers and brokers of New
Y ork had joined in with the efforts of the
Bank of England to make gold the basis in
this country. He said the American
/ Bankers Association was the greatest
, enemy of civilization in America. They
I; are the buccaneers OF the 18th century.
e The panic Of 1878 was caused by the COVER
ment taking in the currency and issuing
bonds for it. The U. S. Treasury has always
I: been under the control of Wall Street,
whether the administration was Republic
can OIL Democratic. The Secretaries under
Grant, Hayes, Garfield, Cleveland and
Harrison were all taken out of banks, and
went back to banks when their terms ex-
PRED. They talk about ''fat' money.
Every dollar that is issued in the world is
fiat money. Somebody asked me what basis
the Treasury notes of the government
would have if they were issued. [ said
eggs. The United States raises 100000
600 worth of eggs, while the whole gold
mined in the country is not over $40 900, 900.
Eggs makes the best basis.
While the people with the same interests
are scratching each others eyes out stand
ing by the party, the big men in both par
ties are standing in together on the make.
Look at the Davis railroad in West Vir-
ginia in which Blaine, Bayard, Elkins,
Davis and German, are all directors. But
they are always calling to the people to
stand by the party. The people are begin
ming to ask ''What is the party going to
do for me? There ought to be some recip-
IoClCy ttDOuG tHlS tllluS. i Ills UIutu Is
spreading fast. If man stands by the
party the party ought to stand by the
man.
J j. BRAD. BEVERLEY.
President Page then introduced j. Brad.
Beverley the Vice President of the State
Alliance. Mr.. Beverley said that after
voyage of hundred years it was time the
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their course for the next hundred. In