The Caucasian. (Clinton, N.C.) 188?-1913, 1893-11-23
People and strike som" Heavy Hl""~ AT
the Old Parties.
u'ontinurd from last issue

who believe IN privileged classes,
who believed in the divine right OF
kings 10 rule over mankind. 1t l.
III no Wis IN harmony with the
Of popular government
that seeks the greatest good for The
greatest number, and is III truth the
KEY stone To the arch of republican
institutions. We have AN Object
lesson extending back over thirty
wears. The bonded debt of our
country, It is SIMPLY a time credit, p
promise TO pay. 1t has no speacltic
redemption fund. 1t stands solely
upon the property, the industry and
OF the people. II every
credit selling corporation on the
earth should perish this promise Of
the nation would stand firm and
stcadfast. It depends solely upon
the power Of the government 70 take
py taxation sufficient wealth to pay
the debt. 1t Is measured by gold
and silver, in the last explanation,
the wheat raiser, pays his part with
wheat, the c0ttou planter with cot
ton, the cattle raiser with beef, the
mechanic with his product. and
each contributes his part Of the debt
in something he has produced. ct
we are asked by the leaders Of both
the old parties, to believe that this
magnificent nation with 1900, 900
of people and sos, 900, 900, 900 of
wealth, cannot provide itself with a
sound circulating credit, national
currency, but that we must buy this
currency from a small class Of our
fellow citizens, who have monopo-
ly of the business, buy it upon such
terms as they choose TO impose. Was
there ever anything more unropub-
lican than this system9 Was there
ever anything more absurd in theory
or more unjust in practice? Why
sir, the property Of the people would
furnish Il basis fifty times as broad
as the present volume of currency,
whereas, the present system stands
upon IA basis only one-fourth as
broad in theory and one eighth in
fact. Which would be the souudest
and safest?
THE CAUSE OF THE TROUBLE.
What is the true cause of all the
commOtion in this country, and of
the wave Of distress that almost en-
circles the world? Simply this. The
class of people who hold the securl-
ties, the national, corporation and
bonds, receive their inter
est and dividends, not, as many
seem to think, in money, but in
commodities, labor product. The
gold as a measure of these products
has appreciated, It measures 40 per
cent more produts to pay these enor-
nous debts. Silver measures the
same quantity of these products
now that it did when these debts
were made, and in addition it is the
money of the contract specially
named in our national bonds and
include by the law in all others. The
free coinage of silver means an in
crease IN the volume of money. 1t
means a broader basis for paper
money, it means raise IN the price
of labor products, 1t means a re-
moval of a part of the burden OF
debt and taxes. Now the foreigners,
who hold three thousand millions OF
these American securities. threaten
to return them aud drag away the
gold unless our country stops the
coinage Of silver. 1t is only a threat
they dare not do 50. The American
security holder interested in the
same scheme of spoliation locks arms
with the foreigners and together
they have taken possession of oul
government, of the leaders of both
the old parties. The confidence We
hear so much about, the confidence
the administration is trying to restore
is not the confidence Of our own pao
pie in their own integrity or in then
ability to pay their just debts. but i
is the confidence of these foreigner!
that our government will compel ou1
people to pay these revenues, will
their products shrunken "a price II
per cent by the gold standard. Tia
is the secret and the cause of the
war on silver in all the countries
openly avOwed in Europe and OIL,
denied in America by the clasae
who are benefciarles of the schem
of robbery. The most dasrardly
cowardly and dannable conspirac,
| against working people IN the pas
two centuries, American slavery no
excepted.
TRYING TO FOOL THE PEOPLE.
1t is true that many congressmel
are appalled, by the magnitude 0
the theft which the aristocrat of Eu
rope and his American genera par
pose-a theft which means the ne
profits of indstry in every field an,
mine and shop-are now proposin.
| to administer paliatives, and opiate
to the people. They name thes
| nostrums ratios, PARTIES and inter
national conferences. These hypo
| critical bimetalits of the Voorhees,
Allison, Hepburn tribe, simply lacl
courage to do openly and abov,
board what they are aiming TO Dc
covertly. They are like the Indian
who wanted to change a long taile,
dog to stump tailed dog. but di,
not want to atfiict the dog by rob
bing him of all his tail at once, s.
for mercy's sakeG) he cut off piec
of his tail every other day for
month. These compromising bime
tahsts mean stump tail just a
much as the other fellow. The Ma
tlonal, corporation, munciple an
individual debts of our people no,
amount to the grand total wealth Q
the nation. This is lesson draw
from the last census, and is what tn
two old parties call "a healthy, pros
porous condition of affairs Thi
enormous debt is the accumulate
IT the past twenty-five years. .
art Of it is just, part unjust. Tn
national and individual debts havin
| been assumed voluntarily should
pald according to contract. A va:
sum of corporate debts put upon tn
public without their knowledge c
consent are unjust; and might will
out injustice to-day be repudate
without delay or ceremony. Anon
these fraudulent debts are the tw