Arizona republican., 1892-10-01
Republican County Ticket
THE swELLING DEMAND.

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The barous circled around old King
John and compelled him to sign the
great charter. The feudal lords OF old
were those who upheld the king and
state by their prowess in the field and
by the strength Of their following. In
the evolution of time, those who now
uphold thrones and states are the men
who carry on the work of the world.
So it is pleasure to us to read that the
Parliamentary Committee Of the Trades
Union congress held meeting in Lon
don the other day and passed unan-
mously the following resolution:
The parliamentary committee of the
Trades Union congress expresses its
satisfaction that the currency question
is about to be considered by confer
ence OF the Nations, and in the interests
OF the productive industries OF this
country-particularl with reference to
the interests OF the wage earning classes
it trusts that the conference may re-
suit in stable exchange being secured
between the moneys OF gold and sill
ver-uslng countries.
The resolution is not very happily
worded, but through it all there runs
this fact, that the productive interests
OF England, and particularly the wage
earning class, demand that England
shall get down from her high horse and
recognize silver as money. When these
men are backed, as they are, by all the
landowners of Great Britain, when
from the factories there comes up the
cry that trade 10 falling off and there is
such congestion that there is no longer
any profit in work, evsn'the stubborn
old Scotch head of Mr.. Glandstone, it
seems to us. will have to turn toward
these petitions and recognize them.
Beyond that, just at this time the
strong bankers OF Great Britain who
deal in the worlds securities, are trem-
bling in their solid houses lest the
world shall appreciate at last on how
slender basis the fabric of the worlds
trade rests, and shall begin to gather
to themselves the money that they
left confidently on deposit, and they
know il that spirit should ever be
awakened their institutions would not
only be wrecked but England itself
would cease to be the great commercial
center of the world. And the other
class OF great bankers-those who are at
the head of the mercantile and the
speculative finances OF the world--are
growing alarmed. Portugal has just
scaled her debt down to 2 per cent. and
possibly IL per cent. In that little
circumstance they read a sign of what
ia 10 be-that the mighty debtor classes
OF the world, those who owe thousands
OF millions OF dollars, will finally rise
up and say, Every well, you have re-
duced the money of the world one-half
you have taken away onr capacity 70
pay our debts two-thirds; you have re-
duced our labor and the products OF
our labor 90 per cent in value; by this
act you have doubled the value of your
own money OF course, it will be but
matter of justice to scale down our
debts 90 per cent. Then, if you re-
ceive 80 per cent OF what on paper we
owe you, with the proceeds you can
buy just as much as you could have
bought with the 100 per cent had you
not yourselves destroyed half the
money Of the world. We do not do
this as a matter OF dishonesty; we do
it, fret, as a matter of necessity, and,
second, as matter of absolute JUS
tice."
This is having its effect among those
people who through all these twenty
year-while those who worked have
been struggling for the wiping out o I
that legislation of l873-have been
sneeringly asking if the design was to
pay honest debts in so cent dollars.
And so, with the landholders clamor-
ing, with the manufacturers clamoring,
with the bankers demoralized and not
knowing what TO do, with the wage