davidaulloa/AmericanStories huggingface dataset:
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
Europe's Financial System.

Mr.. Balfour, the conservative leader,
in his speech in favor Of bimetalllSm pc
fore the meeting of the business men ana
bankers at the official residence OF the
lord MAYOR of London, dwelt on the de-
STABILITY of stable standard or curreh-
cy; but he distinctly and emphaucally
repudiatcd the claim that gold Is
stable standard when employed by IL
self to do the largest part OF the puSl-
ness of the world. Instead OF being Il
stable standard, it is dangerously unSta-
bic, constantly increasing in value ana
in purchasing poWer-an increase that is
infallihly registered in constant de
cline i'll values and a constant fau III
prices, followed by depression in pusi-
ness and a strangulatiOn of prosperity.
Mr. Balfour had no hesitation III de
claring that if there were choice De-
tween an approaching and depreclatlhg
standard of value, he would unhesltat-
ingly choose the latter, the reason beng
that prosperity and industrial CROWN
go hand in hand with reasonably hlgh
prices Of the products Of human LABOR
Those who talk about an honest dol
ldI UO 81 lSilOl vi WIN t''N -NNN'
ton of bewildering the ignorant. An
''honest" dollar is one whose purchasing
power remains the same at all times
and under all circumstances, and, IN the
whole history of the world, such a dol
lar, or such unit of valus has never
been found There never was ana
never will be a dollar whose purchasing
power remained the same To invent
or coin such dollar. the government
would first have to find the means or
the power to fix the prices OF all COM
modities, as we'll as rents and wages
The honest dollar is what govern
ments aim at, but the approaching dol
lar-the dollar that is constantly increas-
ing in purchasing power-is more dis
honest than the depreciating dollar, Tor
the reason that 1T destroys values and
profits, depresses business. STILES Indus
trial growth and development, closes a
thousand doors that ought to be opened
to labor and the enterprises that labor
depends on. increases the value of debts
and interest, and pinches the very class
that ought to reap the benefits OF wise
and just legislation.
When Mr.. Balfour compared the ap-
preciating with the depreciating stand
ard. and declared that the single gold
standard strangled business and enter
prise, he had under his eyes the specta-
Gle afforded by the gold standard ma
lions of Europe He knew what their
experience had been. AS a political
leader and student Of affairs he knew
the condition of the people in those ma
tions-the people who, in the nature Of
things, have small share in making laws
and in fixing monetary standards.
The condition Of the people of Europe
today ought to be a warning to the peo-
pie Of this country. Under the strangu-
lating influence Of the single gold stand
ard the prosperity of the farming classes
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
The Basis of Taxation.

The prevailing financial depression
does not satisfactorily explain the fall
ing off in the tax returns all over the
state.
Speaking Of this matter The Augusta
Chronicle says:
The need Of law by which all returns
from all counties shall be on fair and equal
basis is very plain. The legislature Will DO
we'll TO take this matter in hand Mt the next
session and pass a law which will be free
from constitutional objections. and which
will eoualize the basis Of taxation all over
the state.
This is precisely what has been urged
In our columns from time to time dur
ing the past few months. 1t is no test
of the merits Of tax equalization to make
one effort to solve the problem and then
drOD 1t on account Of constitutional Cd
stacles. The thing to do Is to overhaul
the whole business again, and frame
statute that will equalize the basis OF
taxation. and at the same time be free
from the constitutional objections raised
against the old law.
Unless something Of the kind is done
by the legislature at its next session our
taxes will get into a worse muddie than
ever, and we may expect to see i sun
greater falling off in tax returns All over
the state. The proposed reform IS en-
tirely practicable, and with que care
and attention an act can be drawn mat
will meet the requirements OF the case
under the constitution
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
The Real Issue.

Tho Court, journal says that the free
coinage men have scored 4 point by an
unexpected display of their willingness
IT, make an important concession This
alleged important concession Is to be
found in the following resolutions adop-
ted by those members of the house OF
representatives who favor free coinage
of silver.
Resolved, That we will support bill re-
pcalng the purchase clause of the sherman
act. and concurrently providing for the free
and untrammclcd coinage of silver, with fun
legal tender quality on such a ratio rs will
provide and maintain the parity between
gold and silver.
We think the readers of The Consti-
tuition, who have followed the financial
discussion as it has been outlined and
presented in these columns, will be una
Bile to find any concession" in The fore
going In point of fact, the resolutions
represent the views of all bimetallists.
There is nothing new in them, and no
concession" of any sort. 1t is true,
indeed, that some bimetallsts contend
mat inc proper TdtlO Is ~ " l. o'H0lo
say 10 - to /, while still others say 20
to 1. The ratio, while 1t Is inherently
important, is a matter of detail to be dis
cussed and fixed at the point of least
fluctuation, SO far as human experience
and intelligence can fix it there. But,
more important than the ratio is the
struggle that is now on between the
gold trust and the bimetallistS. In that
struggle, the ratio plays a very small
part. The contest is between those who
believe that silver should be restored to
our currency as Il monetary standard,
and those who maintain that our curren-
cy and credits should be based on gold
alone. That is the contention now, and
it, is the most important that has ever
occurred between the people and the
bondholding interest.
The issue is squarely made between the
single gold standard, and the democratic
double standard, and on the result as
every one who has studied the question
must perceive, depends not only the pros
perity of the people, but the harmony of
the democratic organization i'll the south
and west.
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
MIDSUMMER SERIES
FIND The
MISSING
WORD!
| TO
September
| 1st.
AN INTERESTING CONTEST IN WHICH EVERY
BODY HAS The SAME CHANCE.

The MIssINa WORD competition craze il
the latest fad in England. 1t is exciting the
whole country, and hundreds ofthousands OF
people are racking their brains for missing
words.
Several London weeklies have started
what they call "nissing word competitions,
and the craze has affected all England to
such I'll extent rs to block the money order
office and embarrass the whole postal service
The scheme is this: A sentence is printed
every week from which one word is omitted;
for instance, Smith is a." and people
are invited to send in their guess with
money order for shilling The money
sent in is divided among the guessers who
name the correct word. A few weeks ago
one paper distributed $4,000 among forty
three correct guessers, each man receiving
over $500 for his shilling. The money order
blanks have all been used up at many post
offices, the mails are clogged, and clubs have
been organized to go into the guessing busi-
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
Cotton Mills In the South.

The New York Times calls attention to
the starting of new cotton mills In North
Carolina and other southern states. 1t
says:
A factory In which 100000 has been In
vested is lust completed at Lexington, n.
c., ana we are told that the operatives VIII
be drawn mostly from the native populalion
of the surrounding country, and the output
will consist entirely or glnghalnS Inns III
ftustriaf movement in the south Is whole
some sign, and is a reminder of the state
of cotton manufacturing in New England
forty wears ago, when factory town was
q thriving American community.
The Times thinks that the making OF
the cheaper cotton fabrics should be
fiourishing industry In the southern
states, and should give employment ana
profit to the people Of that section, VINO
have heretofore devoted themselves TO
the narrow line of agricultural produc-
ton. 1t admits that with the raw ma
terial at our doors and good home mar
ket 1T is folly for us to transport our
cotton a long distance to the New Eng
land mills, and then transport the manu-
featured product back again.
Our contemporary believes that the
development of this industry In the south
will work no injury to northern inter-
ests. The demand for cotton goods In
creases with the growth of population,
and the older establishments OF the
north will have enough TO do If they
contlne themselves to the finer grades OF
goods and compete with the factories OF
Great Britain.
1t is now conceded by the press and
the mill men of the north that cotton
manufacturing will speedily become the
leading and most profitable industry in
tha So11tb
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15

has been practically destroyed, except
in France, where the shadow OF bimet-
allism still survives. The laboring men
have been reduced to the level of pau
pers, and all prosperity and all profits
are constantly flowing in the direction
Of the bankers, bondholders and capital
iStic combinations. Thus 1t is that the
laboring people Of Europe are constantly
fleeing from the conditions that Cypress
them there to find Il refuge in this
country.
When the infamous crime Of silver de-
monetization is made complete in this
republic, there will be but one thing for
the people to do. Having imported the
financial system invented by the Euro
pean Shylocks. it will only be necessary
to import a crowned head to take charge
Of affairs. we shall then have the
European financial system with all its
trimmings.
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15


When Governor Waite, Mr.. Ingalls,,
Mrs. Lease and other agitators predict
a social revolution they make the mis-
take of ignoring religion as one of the
positive factors of our national life.
In France, for some years before the
revolution, a circle of scholars, scen-
fists and philosophers shaped a goddess
public opinion. They made intidelity
fashionable, and Il favorite saying III
the reckless society of that period was:
After u.s. the deluge.''
We have no parallel conditions in this
country 1t is true that we have fro"
thinkers, scientific infidels and learned
critics who have unsettled the faith
Of thousands in the old Bible, but COM
paratively no impression has been made
upon public opinion. The massse re-
main steadfast. In no section of the
country is it possible for an avowed
infidel to obtain any considerable fol
lowing, nor can he rise to any high
station in public life.
The God-defying sentiment that pre-
coded the French revolution is confined
to an insignificant few in our republic.
The American people are fierce parh-
sans in politics, and they indulge in very
sulphurous talk when things do not go
to suit them. but the religious and NOR
al influences under which they have
lived from childhood make them, when
the test comes, array themselves on the
side of law and order, property rights
and free institutions.
1t is frequently said that our home
owners constitute standing army,
ready to put down anarchy when it
becomes necessary. There is a great
deal of truth in this, but there are mil
lions of citizens who are not home
owners just as eager to defend organized
society when their services are needed.
These men grew up in Christian fami-
lies, and they stand by the faith of their
fathers. There can be no anarchy
no social revolution in Il land where
such people are overwhelmingly in the
majority. The domestic enemies of the
republic can make no Roadway against
a nation with a Bible in nearly every
house and church at every cross
roads.
We may have our seasons Of misfor-
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15

symptom of arrogant imbecility. -Evening
Journal.
What about such stuff" as this,
taken from The Journal no longer than
last year, at time when the secretary
of the interior wrote the campaign
editorials?"
The repeal OF the Sherman law Will prlng
about a contraction of the currency that VIII
be deplorable.-Journal Of January +, 1917
Mr. Cleveland is in favor Of letting alone
the present silver act, which PROVIDES Ior
the coinage of 54,OOOO0O silver dollars
year.
Governor Hill would have us repeal that
law and return to the Bland act, when
would give us only $24,O00,OoO OF silver
coinage a year. Mr.. Cleveland Is DETER
friend to silver by S'4,0OO,OOO year IMAM Is
Governor Hill.-Journal OF January = lo9-'
The constitution Of the United states pro-
hibits any state from making anything else
than gold and silver legal tender 1t also
empowers congress to coin money ana hA
it's value, and congress has hXed the 'aiue
of the standard dollar at one hundred CENTS
not sixty-seven cents. 1t cOrrelatlvey FOL
lows that any state has the constitutional
right to make silver coinage a legal tehder
at the value given to 1t by congress Ill
payment OF all debts which are not expressly
contracted to be paid in other money.-Jour-
nal Of April 2, 1892.
This is the act the Sherman law which
Governor Hill denounces and the repeal OF
which he SAYS the democratic party should
demand Its repeal would, of course, throw
us back on the Bland bill, which would pro
vide for the purchase of not less than two
million dollars nor more than four mil
ion dollars, worth OF silver bullion q
mOnth-an act which, at its best, would de-
crease the currency at least fourteen mill
ion dollars year less than the Sherman
act, and at It's worst would cut down the
increase of circulation by ut least thirty-four
million dollars year.
That's the sort OF free silver champion
Governor Hill is.-Journal, June I, 1892.
When the Sherman law of 1873 is put
in operation by democratic votes, how will
southern congressman face their constltu-
entS? Those who are making ready to
get off the platform should be prepared for
Il lively time
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
ErckiesS Talk,


Mayor Carter Harrison, of Chicago,
is so well acquainted with the spirit ana
temper of his people that he must be
aware of the danger Of reckless ana III
temperate speech.
Yet the mayor in Il public address,
the other day, referred to the fact that
there are now i'll Chicago 2OO,Ooo I'M
employed people almost destitute OF
money. He predicted riots that Will
shake the country, if congress fails 10
provide financial relief in the shape OF
moro money.
In times of public discomfort and eX-
element popular leaders, men of in
tluence and high officials should be con-
servatiye in their utterances A predic-
ton of mob violence is very unwise
when the masses are in a lawless mood.
If Mayor Harrison looks forward to
riot in his city he should make prepara-
lions to suppress it instead Of predicting
it,
The authorities have it in their pow
er to control lawlessness and it is
great mistake for the mayor Of a city
like Chicago to indulge in predictions
that sound like threats.
We must settle our economic prob
lens in the forum Of reason, on the floor
Of congress and ut the polls. This en-
lightened republic cannot sink to the
level Of Argentina, where states fight
out their differences, unheeded by the
federal government, and our country
can never follow the example of France,
where periodically the country people
loot tho towns, and the masses take
possession Of the large cities and inaugu-
rate Il reign Of terror
We have our proportion Of agitators
and social outlaws. in common with
other civilized countries, but the over
whelming majority of our countrymen-
our industrious toilers, home owners and
GOd-fearing people stand by the cause OF
law and order and they will not toler-
ate the slightest touch Of anarchy. Our
misfortunes are only temporary. and the
same sun which is now shining upon
millions Of productive acres with their
bounteous crops will, in few months,
look down upon a happy and prosper
Gus nation.
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
corrupt local governments and put honest
In 0Gin n

corrupt local governments ana put honese
men In Office.
Tho editor of The Chattanooga Times. reply
. 70 tho statement that he is an Ohioan,
IS. "According to the psychologists mans
.stou, is renewed once every seven years.
ma version referred to has lived in Tennessee
thirty wears. and is therefore Tennesseean
four times replenshed, as IT were. Ihat is
simply travelling fouhd ciicie' anu IL makes
him an OhiOan again.
northern exchange says they have got
hold of arepOrt down south tnat there Is
fellow I'D in Minnesota who, whenever ne
goes on u spree, insists on paying year
subscription to his town paper. lie mas al
ready paid for the paper untii January J,
1887, and the press association or Alabama
is making frantic efforts to find out what
brand oil liquor he drinks.
The startling news comes from newport
that "high kicking has become the favorlte
FAD among the society women OF that fashion
able watering place. The correspondent OF
Roston paper SAYS: "Many Of the fair, fra
Gle buds can execute a pas seul with captVat
ing ease and those who cannot are maoiy
practicing the terpschorean Accomplishment
Among those who are most success1hl IN
this charming aerial feat Is Mrs. George D.
DE Forest who ut present equally shares the
honor with Mrs Arthur Randolph. 1t Is not
sofe though, to predict which fair head VIII
wear the laurel after another month pa
tient practice In this case one wouid
think the laurel should be worn on the IOot.
Lieutenant Governor Tyler, OF virginia
candidate for the gubernatoral nomination,
hns written a letter in which ne says IL
there was ever country destitute OF
money it Is this country or ours TO-DAY.
mean money distributed among the people,
and surely a country with no money clrcu-
lating and q system that virtually eXcluues
it from the masses Is in the most distressing
condition imaginable. There is not money
enough among the people to much more than
nav the tax burdens laid upon them
/ cannot help but believe the present state
of affairs has to great extent been brought
about to coerce public sentiment. III we
could be made to believe that silver bullion
lost it's par value with gold by overproduc-
ton or fair competition, or that 1t had suf-
fered depreciation from any natural cause,
we would consent to a adjustment or
ratios There Is no such thing as a % cent
coined silver 1t Is not known now, never
was and never will be long as people
have confidence In their government.
Why should a debt be paid in a dollar or
three times it's intrinsic value when the debt
was made? The people whose rights and
property interests are involved in this ques'
ton deserve as much sympathy and CON
sideration from the government as tht
money holder"
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
EDITORIAL COMMENT


In New York city SO, 1T men are reported
idle in fifty-seven different trades.
In Utah under a new law 1t takes only
three-fourths of jury to make verdict.
Ward McAllister attributes the prevailing
financial distress to the extravaganza OF the
people.
While SO many industries are shutting down
it would be good idea for the mouth of the
calamity bowler to follow their example.
Despite the hard times men drink as much
beer and boys smoke as many cigarettes as
ever The necessaries of life must be had at
any cost.
Richmond contains eighteen George Wash
ingtons in ner population. And not of
them has ever done anything TO make his
name known outside of his ward
If Mrs Lease would boss the soda fountain
at her husbands drug store she would serve
her countrymen better than by trotting about
waking the echoes with her fire alarm voice.
Too much Importance should not be at
tached to the shutting down of industrial
establishments. At this season Of the year
many factories and mills Always close for
general overhauling, repairs, etc
Wise men and financial experts everywhere
say that the tide has termed and the worst Is
over. Now, let us settle down to business.
This rich country cannot be ruined by
scare without any reasonable basis.
Several states of the Argentine republic are
engaged in a bloody warfare. The federal
government declines to interfere, believing
that it Is best for the people to overthrow
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
Three State Elections.

Thirteen states will hold elections this
fall, but of these only five states-1Owa,
Massachusetts, Ohio, Virginia and Wis
consin-will elect full state tickets. OF
tho other eight New York is the most
notable, as it will elect a legislature and
all the state officers except governor.
New York, Ohio and Wisconsin will
attract more attention than the other
states in which the result is fore
gone conclusion. In New York the re-
publicans pretend to be confident of
victory growing out Of alleged democrat
ic divisions, but as the state has been
redistricted by the democrats, the re-
publicans will find 1t up hill work If
they attempt to carry out their boast
The republicans of Ohio will make n
tremendous effort to win under the lead
ership Of Mckinley, but there is good
reason to believe that he has lost much
Of his strength and popularity, and If
the democrats nominate Il strong can
didate they will have a goAd chance OF
winning the fight
Wisconsin elected democratic gov
ernOr two years ago and gave 4 rOuS-
ing majority for Cleveland, but the poll
ticianS of both parties are wondering
whether the state will stick. or wheth-
err it will return to its old love. Some
predict that Wisconsin Is safely demo-
cratic on tariff grounds, but this remains
to be seen.
The fall elections will be Of no gen
eral significance, but the result in New
nd Wisconsin, will no await
ed with some anxiety.
The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
Human Nature Here and Their

The other day tramp entered Lew
iston. n Y, and attempted to assault
a little girl.
The outlaw was arrested and sent to
Jail. Early that evening crowd tried
to lynch the prisoners, but the officers
persuaded the men to dispense. Later,
another crowd surrounded the Jail, and
attempted to burn the structure with
the tramp in it. After considerable dis
turbance, the villagers were induced to
abandon their cremation idea.
Before stamping out lynch law, 1t Is
very evident that we must first stamp
out this crime against women. This is
the feeling in New York as well as IN
Texas