The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-07-10

Ice together, while the price OF
Id has gone up, our exports of
ton and grain and other farm
oducts to Europe have been re.
ced and the exports especially OF
tton and wheat from India and
lssis and Egypt to Europe have
On correspondingly increased, to
great injury of this country.
II. The large indebtedness OF the
vernments Of the United States
d of the several states OF
pnioipal, railroad, manufacturing
d other corporations, and OF
pooistions, firms and private
rsons. amounting in the aggre-
to to many billions of dollars,
kkes It monstrous crime to
plate the equitable right of these
btors to make payment in the
,ds Of legal tender money which
sted when the debts were created
depriving them of the use of
YER. To strike down silver as
ney would about double the
tdens of all debtors, and very
,atly increase the value of all
Turtles for money in violation of
implied law of the contracts
Ter which these debts were
lated. And when we remember
almost incalculable amount of
indebtedness of the govern.
Ents and corporations of the
rid, who is bold enough to as
ne that these debts can b. paid if
legal tender currency of the
rid should be reduced to gold
neP Does any one believe that
that event it would be possible
the railroad corporations of the
!ited States to ever pay the more
N five billions of dollars which
y now owe? The most of which
held by European capitalists,
gely by those of Great Britain
7 Germany.
3. The public and official stats
!. show that since the passage of
act Of 1878, which demonetized
or, the value of all property in
United States, real and personal,
been reduced not less than one
d, thus inficting loss of many
ions of dollars on our people,
no other or better reason than to
ment the fortunes of the rich
comparatively few holders of
,,tls and gold at the expense of
great industrial and producing
.,ses of the people. And the
70 cause, as the books of the
sDsury department will show, has
atty reduced the exports of the
ducts of this country to the
at damage of our people.
4. There are persons who think
Necessary to increase the amount
silver in the dollar as the proper
= to restore the parity between
t metal and gold. Such persons
ume that the rise in gold is be.
Use of the depreciation OF the
ne of silver. They do not seem
remember that when the act of
gress which d amonetized silver
) passed the silver dollar was
-'th cents more than the gold
ar. This proves that it was not
want of value IN silver which
1ght about the hostile legislation
executive action which has in.
sed the value of gold. And in
Fl'her demonstration of this truth
Fsust be remembered that about
FlS and 1857 when the yield of
|!ee. from the mines of California
Of Australia was greater than the
rl,ut of silver, the bondholders
be moneyed men used the same
Pstments for the demonstration
S,old, which they ere now u.s.
for the demonstration of
MIR, since the output of
,r has become, greater than
~ of gold, and Austria. Hungary
eally did demonetize gold. This
Plvs beyond doubt that it is the
e!unt Of legal tender money and
u the kind of it which the bond
en- and bankers are opposed to,
PH. Il the United States should
s9t the free and unlimited coin.
bcof silver at the ratio of sixteen