The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-05-01

ton 10 caused primarily BY overproduction. not
overpFoduction In relation to the needs ofthe
relation to tho market for selling it-overpro-
ducton, in its common sense meaning, as every
student of political economy understands it.
To cure the evil must lessen the produc-
ton or enlarge the market. The Mckinley
tariff is the greatest obstacle in the -ay OF en-
larging our market. Other nations Will not
trade freely with us unless we trade with them
Commerce rests upon mutual exchange. This
tariff bill is barrier against foreign trade; and
yet the third party platform has no word or
patriotic Indignation against 1t. why did they
spurn aside the Ocala platform that denounced
this unjust tariff Let allianeemen consider
this.
The claim made by some members of the now
party, as published in the daily press, that they
will succeed In putting cotton back to It's
former price, is as silly as the assertion that
this new party movement was really inspired
, by God, is irreverent and ridiculous. We may
admire the genius of the men who conceived
these notions, but we are forced to smile at the
gullibillty of those who accept them. Cotton
may rise In price God grant 1t moy) but this
result will follow from the laws of supply and
demand, and not from the success Of the third
party.
6. This new party has committed Itself to
paying federal soldiers Of the late war the differ
ence between the value of the paper money
they received and gold. 1t has been shown, be-
You'd doubt, that this plank was put into the
platform, and 1t is not denied that a resolution
to that effect was adopted nt Sc. Louis. Either
fact commits the party to the principle.
How can the impoverished south bear this
burden? She has already paid in pensions to
federal soldiers a heavier indemnity 60 the
north and west than Germany exacted from
France when that powerful enemy was pros
! trate at her feet.
/ Reflect on this proposition. Taxes expended
| within the territory taxed do not lessen the ag-
gregate wealth, but affects only its distribution
/ Taxes expended without the territory taxed
lessen to that extent the aggregate wealth.
Apply it to the facts: For all practical pur-
poses all federal soldiers live beyond the Mason
/ and Dixon line. Hence every dollar OF pension
money that we pay is to that extent an actual
drain upon our resources. An examination of
the figures will show that the souths share or
this enormous pension fund is annually more
than 10 per cent. OF the entire cotton crop. More
than one bale of cotton out of every ten goes 10
pensions The marvelis that we are not poorer
than we are. The north and west get BACK
more than they pay out, and hence make
! money out of the bargain. The south gets
| back nothing This Is one of tho penalties we
must suffer for our attempt at secession from
the union. Irelaud's poverty and misery are
| due largely to the fact that her tenants pay
rent to non resident landlords, and thus con
slant stream of money Is kept flowing out, never
| to return. What foreign landlords are TO Ire
/ land federal pensions are TO the south, We can
not complain of reasonable pensions to federal
soldiers, but we do not want the burden made
intoierable. Well may we cry out, How long,
| 0 Lord, how long"
We win not lenethen this paper by further
discussion. We will not abuse our friends and
| neRhbors. We appeal to our own people to
| take THIS SUBJECT TO tnelT noIneS anu OIeSldeS.
Talk over It and think over it there, aud say IN
your hearts whether YOU can afford, as Geor-
| gians to desert the Democratic party at this
| momentous crisis and join your fortunes to a
new political organization that cannot last be-
/ youd few years at best, and must then fall
into inevitable decay and dissolution. What
ever local victories it may win, it can never be-
come a great national party. 1t carries within
itsslf the forces of its own disintegration, be-
cause Of the conflicting and incongruous ele
| ments composing IL.
These new mariners launched their ship with
great rejoicing ana waving of banners. They
sailed out of port amid shouts and hurrahs
But the storm clouds are fast gathering, and
soon they will break over the deep, and
that frail bark will lie a stranded hulk on bar
rem shore.
Come back, brethren. TO the good old demo
cratic ship that has breasted the storms OF q
century. The watchman from the foretop mas
calls out that land is in sight. Soon we vii
ride safe into the heaven. Come back, breth
rem, come back. Respectfully,
WILLIAM H. FLEMING,
j. T. JORDAN.
S. W. SrUReEs,
j. r. kENDRICK,
| Aprfl %, 1892. Committee