The Sully County watchman. (Clifton, Dakota [S.D.]) 1883-1894, 1892-02-27

awe never mentioned this company
(National Union co., but once and
that two weeks ago n we begin to
love it for the enemies it has made and
is making" dakota Ruralist, the ALI
independent organ. Mrs. Eva Nc.
Donald Walsh, Ex-State Lecturer of
the Minnesota Alliance, in an interview
says: II think the trust (Nat Union
Coy does exist and for the last year
has been endeavorlng to gain foot
hold in Minnesota through it's agents.
Donnelly did succeed in getting Fl. l..
Loucks of South Dakota elected State
Business Agent. He Noucks) imme-
diately appointed Frank Skinner as his
clerk"
The reader will now see why Mr..
Loucks gloves it for the enemies it has
made" By the latest Investigations
into the workings of the National
Union 20. it is shown that they are
buying stocks of goods and plants now
IN the hands of local merchants and
paying for them in "Debenture" bonds,
payable IN 80 years at 6 per cent. in
terest. The pretended capital of the
concern is $l,5O0,OOO, but investiga-
ton shows that to be almost entirely
fictitious and the debentures to be ,ssu-
ed on this basis is limited to SIS, ,00O,0 900.
By promises of 40 per cent. profits on
goods the company has succeeded in
purchacing the stocks of some 40 or SO
country merchants and paying for them
in worthless debenture bonds. No
matter what the invoices of the stocks
Of goods may be the combine will be
ahead to the full value ofgoods so paid
for. The developments are interesting
and explains the average calamity
howlers interest IN the welfare of the
producing classes. For more COM
plete account of the concern the reader
is referred to the Inter Ocean of the
10th and 10th But for the exposure
by the Inter Ocean and other Repub-
lican organs, the calamity leaders,
might have accumulated princely
fortunes; as it their accumulations are
nothing small.
The Alphabetical President of hail
ASSOCIATION that paid himself 100 per
cent of salary and our "Moses' 100
per cent of loss before he knew there
was only money enough IN the treasury
to paw so per cent. all around is one
Of the biggest toads in the National
Union company, the annex to the
Cordage Trust. He is no pollywog.
l will notice some of the expressions
Of MIR. Price in his last article:
I'm my last article showed that money
baseu on land and its products would be
as good as any money in existence"
He did not, but he did defy any one
to prove the negative of such a propo-
sition, and he then says:
Now propose to shcv how it would
be better"
If he does fully secure his money
issues (not the loan ofit) on. land it
will be as costly as if secured by gold
deposits and his argument will be
spoiled.
II believe it is the duty of the U. s.
government to protect its citizens from
the rapacity of the English capitalist just
the same as it is its duty to protect them
from the English army"
You bet, and also from the competi-
ton of the products of the poorly paid
laborers ofthat country. See?
"And see how $1.00 compounded an.
nually amounts up in few years
and notice that the increase of taxable
property in 10 years has been but 43 per
cent. or about per cent. compounded
annually"
That 43 per cent. is merely what is
left over after the cost Of living has
been deducted. The real production
Of the period was 100000, 100000 o.
more, which is more than a hundred
per cent. of gains for the 10 years. il
he will deduct from the earnings of the
dollar it's per cent. tor keeping soul and
body together he will laugh from the
other corner of his mouth.
"Unless the laboring people awake and
rescue themselves they may be reduced
| to slavery
Bosh I used to work by the day and
know that the condition of the laboring
class has continual improved.
eve propose to give no man something
for nothing"
That's just the reason why biz
proposed money would not circulate
and is the reason he proposes to force
its circulation at the point Of the
bayonet.
No one accumulates anything, bu
the laborer."
l had relative strictly farmer
that closed his earthly career worth
more than $500, 900, another farmer or
the borders Of the same city closed his
career with 81 100000. BY the rules
laid down by Mr.. Price, did those
farmers earn those fortunes, and will
the Independents, if they gain power
make a statute confiscating sucf
fortunes?
The crankisms of Price and hi
associates are hardly worth answering