The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-04-12

mad 90 per cent. OF the total population, |
ana were able to keep but % per cent
I the total wealth gained. The ninehad
% per cent o fthe total population. and
were able to save Al per GEN.. of the
total wealth gained.
Isn't 1T infamous7 Isn't it robbery
There Is enough in that prospectus
TO set people to thinking, and their
thoughts will not make very pie asant
reading for Eastern capitalists
The article on the money question by
Congressman Davis is wonderfully
clear and readable.
Mr.. Davis advocates a full legal ten
der paper currency and plenty of IT.
He shows that it ruled 30 per cent.
above coin for 600 years in the Repub-
TIC OF Venice, that it carried England
through the Napoleonic wars and en-
abled the United States to put down
the seeding Southern States.
he thinks that such money Is very
good money, and backed by the credit
Of the government, and issued to the
people without a national banking sys-
tenn to stand in the way, he is satisfied
that such a currency would be safe
and satisfactory.
And why not7
There is no danger of an unlimited Is
sue. Congress would always stand
ready to check the issue If it damaged
the people.
Mr.. Davis refers to the fact that the
first $50, 000, 900 in greenbacks issued by
the government during the wal were
full legal tender notes, and remained at
par with gold or above it all the time.
Then, he quotes the following from Sen
ator Ingalls, for the benefit of the gold
bugs:
No people in a great emergency ever
found a faithful ally in gold. 1t is the
most cowardly and treacherous of all
metals. 1t makes no treaty it does not
break. 1t has no friend it does not
sooner or later betray. Armies and
navies are not maintained by gold. In
times of panic and calamity, shipwreck
and disaster, it becomes the agent and
minister of ruin. Nonation everfOught
a great war by the aid of gold. On the
contrary, in the crisis of the greatest
peril, it becomes an enemy more potent
than the foe in the field; but when the
battle is won and peace has been Sc
cured, gold reappears, and CLAIMS the
fruits of victory. In u own civil
war it is dou 9tful if the gold of New
York and London did not work us
greater injury than the powder and
lead and iron OF the rebels. 1t was the
mo5t invincIble enemy of the public
credit. Gold paid no soldier or sailor.
1t refused the national obligations. 1t
was worth most when our fortunes
were the lowest. Every defeat gave 1t
increased value. 1t was in open ALL
ance with our enemies the world over
and all its energies we're evoked for our
DIES -ructiOn. But as usual, when dan
ger has been averted, and the victory
secured, gold swaggers to the front and
asserts the supremacy.
It this sort of talk is 20 make itself
heard through the densely populated
East, where millions of toilers are i'm
patient under their many burdens, we
may expect before long to see the
9oasses of that section getting ready t.
vote with their brethren Of the South
and Wes5.
Besides, The Arena, The New Nation
and other Boston periodicals are en-
listed in the cause Of reform.
, In the South and West similar publ
cations literally over the face of tn
earth.
Now, does all this mean nothing
Does it not show the drift Of publl
opinion2
There are Democratic leaders VIII
ignore the signs of the times. The,
clamOr for tariff reform as the single is
: sue of the campaign, Yet they mus
L know that the masses demand finanCid
3 relief. They must know THAI III
! people claim that they have been de
: ceived time and again with the holloV
sham of tariff reform, and will n
+. longer join their faith to is as the ST.
= preme issue.
> Democratic leaders know all this
; and still some of them take NJ forwar
step.
: Very welI-the perpetuation of Ri
! publican plutocracy by blind Demo
= cratic leaders will eal v
. Democratic M