The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1892-09-29

dollars of silver, and that five hundrs
and twenty nine millions of dollars {,
this silver has been coined since silv,
was demonetized in 1873. Thos
figures are correct and true. Plea
read this 9th section over-twice NOR.
and then say from your heart beior,
your Maker, whether the 81 year
OF free and unlimited coinage of silve
made the s'good old times" or wheth
er demonetizing silver made the pres
ent "hard times" If "two wrong,
don't make right three wont. Tar
If is one wrong, class manufacturers
legislation, Subtreasury is another one
class (farmers) legislation. Free sill
yer is another, class (miners) legisla
ton. Is the Democratic party re
sponsible for the demonetization o.
silver? You know it is not and tha,
the $4,000, 900 above mentioned
was coined because the Democrats haL
it done. Excuse me for mentioning
how strange it sounds to me thai
Southern men should hurrah for a
measure demanded by and for the
sole benefit of the Western silver
miners, and should insist on the
abolition of detective agencies because
it is demanded by the lawless rough,
and strikers and foreigners that crowt
the great Northern cities.
BANKS.
7. You know that if a private
person had 100000 and should star
a private bank he might lend it ou
at per cent. andget $4,000 per year
If he wanted instead to start nationa
bank he would have to first buy U. S
bonds, paying s127 for each s1oc
worth. That, is the market price o.
U. S. bonds. So he would get S7S,
74o in U. S. bonds; but he can ISSUE
money only to 90 per cent. of hi,
bonds, that is s7o,S96. This at s pei
cent. yields 5000. But he pays }
per cent. for the privilege and draw.
81 per cent. on his government
bonds leaving balance due him BY
the government SI,968. This added
to the per cent. on the bills he is
sues makes s7,6S7 or s563 less than
the S., that he would make with
private bank. The real advantage
that banker has is tn ha0ing Mt
100000 to start with. Money is
power. You can't separate power
from money. If you do, it won't bt
money. Folks won't want it, and will
cease to struggle for it. More of any
thing means cheaper of anything, less
valuable of anything. The next ad-
vantage the bank has is the power to
return money deposited in it on de
mand. This makes almost every
body carry their money and put it in
the bank instead of in your or my
hands, and the bank knowing by long
experience how fast people will cal:
for it is enabled to lend out at good
interest two or three times as much
money as it owns and SO it makes
money. Is not all this right and
honest?
8. Are times harder than the un-
democratic laws above cited make
them? Before the war tobacco aver
aged about 3 cents, now it averages
s or 10 and has averaged about II
for the last 20 years. Before tine war
brown sugar was to 10 cents, now
white sugar is S; cotton cloth was 10
cents, now it is 6; calico was 12H
now it is S, and everything else in pro-
portion. Any man can make a liv
ing in the South and does by working
from one-third to half the days, and
but for the evils above pointed out
we need scarcely work at all. Fif-
teen of the leading Peoples party
farmers in Vance county have in
creased their wealth I2o per cent. in
the last ten years, as shown by the
tax lists, after supporting and educat
ing their families. We are not as
ssbad off, as the "calamity howler"
says we are. You know it.
9. And then you say, eleven thou
sand millions must be paid to the
Yankees who own them for the rail-
roads. We never could pay this.
If we did it would all 60 North and
make I 900 more millionaires. (There
are only $500 in the United States
now and one and a half millions
more of Office holders, and three mil
lions more office seekers, and million
cases in the federal courts.
10. You know that the Democratic
party has not been in power since the
war-once both houses-several times
the house and once the Presidency,
and that every time it has had either
branch. it has passed laws for the far
mers' and Southern peoples benefit
that were defeated by the Republicans,
that at its last session it passed free
wool, free tin, free binding twlne, free
bagging and ties and reclaimed "a
million acres of the public lands; and
a law prohibiting the dealing in futures,
every one OF which was defeated or
ignored by Republican Sena;e, and
you know that in State alfiirs the
Democratic party has been all that
it ought to be, and that you and al
most every other Peoples party man
are bound by having participated in
its conventions to vote for It's candi-
dates.
Can a party live and have the bless
ing of God that has labor VS.. capital
for its cardinal principle and inspires
;ts fnlla,rar hu anraaals Ia thelr nr..i-