St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-10
SEGREGATED
About $40 Per Capita.

Following this the Populist handbook
states that the total circulation of this
country III 1889 was 1925, 397 ,4S7, whereas
the total circulation in that year was
more than three times this amount, or.
TO be exact, $3.50, 36l, $40. In view of
the carelessneSS with which the POpu-
lists handle the truth the first thing one
should do when such statements as
these are made is to learn whether it is
truth or falsehood that is being given
him.
1.-The trouble now is not that there is
not enough money" said the comp
troller of the currency, Hon. j. Il.
EckelS, few days ago, but rather
because of a lack of confidence in the
kinds of money we have, which pre-
vents those who have money loaning it
or investing it."
In 1887 the trouble was not lack of
money, but lack of confidence in the
quality of tue tremendous issues of
bank notes. In speech delivered in
the senate in 1887 on the independent
treasury bill of Van Buren, Senator
Thomas H. Benton, who had all along
protested against the paper money
issues, made speech that holds good
today. One paragraph is especially
apt. 1t follows:
All Suffer Alike.
81 am for restoring to the federal
treasury the currency of the cOnsti-
tuition. [ am for carrying back this
government to the solidity projected by
It's founders. This is great object in
itself-a reform of the first magnitude
a reformation with healing on its wings,
bringing safety to the government and
blessings to the people. the currency
is a thing which reaches every individ-
ual and every institution. FROM the
government to the washerwoman, all
are reached by 1t, and all are con-
cerned i'll it: and what seems para
doXlcal, all are concerned to the
same degree; for all are concerned to
the whole extent of their property and
dealings; and all is all, whether it be
much or little. The government with
its many ten millions of revenue suffers
no more in proportion than the humble
and meritoriouS labOrer who works
from sun 10 sun for the ShillingS which
give food and raIment to his family.
The federal government has deterior-
ated the currency, and carried mischief
to the whole community, and lost its
revenues, and subjected itself to be
trampled upon by corporations, by de-
parting from the constitution and con-
verting this government from a hard
why They Are for Silver.
OF course, the Populists in favoring
free coinage will have something to
say about the ''dollar of the daddies,"
but at the time gold and silver were
made the money of the country both
were so regarded by the whole world.
AS all know, however, the men who do
not reside in the silver states, and yet
favor free coinage, are really fat-money
men, and they love the silver dollar
largely because it is nearly 80 per cent
fiat and may yet be as low as %. Con-
gresham Boon, the Sage of Nininger
and all the other third party leaders in
Minnesota are Greenbackers pure and
simple, as they frankly admit. For
them and all who believe that the gov
ernment can create value where none
exists. a study of the panic of 1887 will
be as interesting as it will be valuable
If they are honest and desire, as they
assert, to relieve the people and pro-
mote the prosperity of all.