The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-09-21

contracted on the one hand or obstructed
on the other. Now, though, he held, it Is
different. Property has become non-coD-
vertible except at a loss and labor goes beg
giug or at an unfair rate OF compensation.
| This is the state of affairs, he declared that
has brought the country to its present IN
happy state, on the verge Of disaster and
| bankruptcy.
The natural conditions that were here
from the organization of the government
to 1850 are here now, but unjust laws, &C
oording TO Gen. Field, have changed the
circumstances of the great mass of the peo-
pie. ''In 1850" said be, I'VE were prosDer-
Gus; But 1892 finds US poor, indeed. Nat
ursl causes did not produce this change.
Having the effect, let US look for the cause.
The cause, Of course. he claimed to find in
the absence of and want OF money
that makes it 50 difficult IL not impossible,
70 sell any land except town lots, and that
makes farm products bring prices That are
less than the cost OF production. This de-
probation in the value OF property Is the
result of the fact that there is no money 10
| circulation TO represent the value Of prop
! ersy into which IL could be readily con-
vertedn
HE DOES LITTLE FIGURING.
Continuing on the same line, Gen. Field
asserted that there was not a man In the
south one year after the war closed who had
kOhS W UOfh Ou us l6Tlu BAb ~ AaA A4ASAo
money IN his pocket than be has ever had
since. There were then 81 600 100000 of
| money In circulation among the 25,OOO,OOO
people living up north, an average OF
$50 per capita, said he As re-
salt Of this abundance OF money
there the southern farmer found no trouble
/ in selling his crops or hts land at good,
remunerative prices Soon money was
equally distributed In the south as well as
the north and s., 900, 900 600 represented the
currency passing to and fro among IS, DOC. 0OC
OF people. "Why is is" be asked, shat
rhe staples Of life intrinstcally as valuable
| in 1892 as In 1857 and 1863, make producers
impoverished and bankrupt, when they for
| merly made them hourishing and prosper
Gus Wbyi Because money, which
represents the property of the people,
has been ruthlessly destroyed by the gov
eminent. The 81, 900, 900, 900 OF 1858 has
diminished to 81 SOC, OO0. 600, ons-half Of
which Is locked up in reserve, leaving but
$500, 900 900 to do the business of 65, 600, 900
people. This contraction of the currency is
the curse Of to-day.
THE REASON WHY.
10 is the reason why cotton and other
products have become valueless. II ex-
plains why the man who raises cotton be-
comes q pauper. Why, out In Arkansas,
they told me NOT bale OF cotton has been
produced In that state in fifteen years
which had not brought the producer
into debt No wonder that the
mass OF the people have become poor.
The wonder ia that we..are az off well as we
are, that we are not nearly all eating the
bread OF charity" Money, and money In
circulation are just as essential to
business prosperity, he continued,
as blood and blood circulation
are essential to human life, vigor and
health. Despite this, with population in
aaf1 AZ ha afa ~ I
business increasing in volume In proper
ton, the amount Of money In circulation
has been decreased. This he held to be the
most curious anomaly in the words finan-
cial history, and he denounced the action of
the government as unjust and treasona-
ble." The present circulation, he main
tanned, Is about 50 so per capita.
NATURAL SEQUENCE.
Poverty and bankruptcy are the natural
sequence. The people of the United
States have walked up at last to this state of
affairs, and the result is the Peoples party.
which is to effect public financial revolu-
tion."
Gen. Fields chief complaint about the
Democratic party was that 10 had not
yet relieved the people of the burdens
put upon them by the Republican party.
After fair trial Of thirty years." said he,
your organization has been unable to
den resulting from the policy of the repub-
licans. The Democratic party didn'b create
these burdens, it Is true, but it has not un-
done them. The republicans won't save us,
the Democratic party can't; we must save
ourselves and the people have so decided
II the Peoples party, he declared, could not
IL 1t secured power, do more to right the
wrongs OF the people than the Democratic
party had done in thirty years, then he
would be In favor OF Its going out Of ex-
istence.
In conclusion Gen. Field severely criti.
cised Stevenson'S speeches. on the grounds
that he confined himself to reconstruction
times and dead issues instead of dealing
with the living issues of to-day. He
declared that the people of the
country are sired of the manner In which
the Democratic and Republican parties
hedge on the financial question. They are
not going to lay aside their principles and
their desires. he said, to put either Cleveland
or Harrison In power. He declared both to
be eternalIy hostile 70 the free coinage of
silver and the extension of currency
in circulation. The Democratic party. he
believed, will be eventually coalesced with
the Peoples party.
THE SOCIAL QUESTION.
Ifit had not been for the peculiar social
conditions existing in the south the Demo-
cratic party would have gone out Of exist
ence within five years after the war. Social
conditions. he argued. kept ID alive
and have kept the south solid.
They can do so no longer Gin theory and
organization" he added, I'VE are one peo-
pie. Let US be so In hand and heart by get
ting rid of old, false, political theories and
prejudices."
Gen. Field will leave this morning for
Jesup where he will speak to-day. He ar
rived yesterday morning from Birming-
ham by the Central railroad. Owing to his
failure TO notify the members of the party
here there was no one to receive him aud he
stopped at the Soreven
Gen. Field is tall and slender and
quite gray. He walks stiffly with the
assistance of a cane. He has a false lez
having lost his natural leg in the war
He Is more vigorous than one would
expect him to be for one of his age. and il
standing the storm of the campaign very
well. He has travelled over six southern
states so for and goes from Georgia through
South Carolina aud North Carolina 10 Vir-
ginia. He will meet Gen. Weaver at Rich
mond Oct 3, and they will then go west
together.
THE BoNDHOLDERs WILL WAIT