The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-08-18

given him, began with Chrlsrs
admonition to the Sadducees,
"What went ye out to the wilder
ness to see, a reed shaken by the
wind?" and seemed to look upon the
asaemblage as the Master did the
disconnected multitude on the bar ks
of the Jordan.
Then he Immediately plunged
into an arIaignment of class legls.
lation, which, he sad, would have
to give place to better things than
the thraldom Of Wall street and
Thread needle street. The cause of
the present financial distress should
be explained to the common peo-
pie, who were certainly entitled to
an answer should they make an IN
quiry.
The people of this country are
now burdened with debt and are IN
reality nation of tenants. although
we were out of debt in 1866. Over
production had been assigned as the
cause by some, while Others held
that the surplus was 30 great ii
caused want. There was too much
wheat, too much producing of tex
tile fabrics, and many people could
not ford to eat a biscuit, while
mauy more were in rags. If the
annual cotton product of the world
were divided each individual of the
worlds population would have
little over six pounds-in the exact
language of the speaker, six pounds
and quarter.
"There are SO, 200, 600 people in
the United States" ne said, "and
the number of cattle would give
one head for each. Because mer.
chants are overstocked that does not
actually indicate an oversupply.
To do without needed articles is
compulsory. The wants of the
people are not to be measured by
their purchases, but by their purses
The hungry man says: The sup
ply is good, the demand equal, but
| have not the medium Of ex-
change The charge was made by
Secretary Morton that farmers had
been getting too much for their
wheat, and he holds that the present
crisis will cut grain down to price
that will enable buyers to receive it
for export, at under 40 cents De
bushel."
Secretary Morton, Judge Jenkinss
said, had gone 80 far as to accuse
the farmers of laziness, but he said
the laboIer, like other men, needed
rest.
No relief was to be expecte d
from the "cobbling work" done by
farmers, which ought to be supplied
by the factories. The profits of
both laborer and factory would be
reduced by such means. Ignorance
was great cause of distress and
the general dissemination of
knowledge in regard to our govern
ment in all its branches. If the
people would read they would see
that it was ignorance which tied
them to the Democratic and Repub-
can PARTIES
Continuing his talk on economic
situations the speaker said that mere
barter would no longer answer, that
money was necessity of modern
civilization. A whole day would
be consumed by barter transactions,
while if the exchange was made in
money the business might be ac.
complished in minute. Civilization
would decrease with the decrease of
money and the one would disappear
without the other, To understand
the present crisis one must under
stand the function of money. Money
value is effected by its exchange
capacity. The rise or fall OF money
expressed the condition of the
markets. It's volume de.
termines prices; its scarcity brings
them down and il hation makes
them go up, and makes better times.
The declinatlon of Roman civiiza.
ton kept pace with the shrinkage
of money. When gold and silver
were discovered in America civiliza.