The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-08-21
E-.rE ALLIANCE ADDRESS
ad From Bazette, After Ad.
ssua,,rnment by that Body.

THE Farmers state alliance of
ln' in regular annual session as.
s s,hled a Bazette, Aug. Il, 1898,
eu, rsssnting large portion of the
e imars and producers of the state
s .Tsxas BY duly elected and accred
"a delegates, realizing the condi.
: Wv Of extreme danger and general
l snre.sion existing in every section
our common country, feel it
ho;r duty to make this appeal to
~ Individual and collective citi.
~ uusbip Of the United States, ire.
m.ctiye Of conditions and political
r. The year so2 witnessed period
which the per capita production
{ wealth in every form, from the
hines. farms, ranches, workshops
nd factories was greater than ever
efore III the history of the world.
No unusual providential calamity
"a, witnessed, no unusual degree
drouth conf ,grations, tiood or
tber cause to destroy property and
ring distress, took place. The en-.
re world was at peace and no dis.
strous or destructive wars had oc.
hired for over ten years. For the
eat ten m onths and until the pres
pt grain crop matured the world
AZ largely being sustained by said
immense yield Of wealth in 1892
Yet while these enormous pro.
notions were still fl ooding the mar
cts and blsying commerce in their
kchange an era of hard times has
t in. which has continued and at
Ne present time constitutes one of
he most appalling and worldwide
anics known to modern times.
That this is due to artificial and
ot 10 natural causes must be
ppsrent to the most obtuse. That
roneously constituted systems of
bmmerce and exchange and uni
ws and regulations are conclusively
e cause is equally evident.
This nations wealth, which was
bout $50, 900, 600 in 1860. has
thirty three years doubled, and
bile the population was only about
1000, 900 in 1850 it is now more
20 double that number. Yet this
tincrease of wealth is now in
lehands of 10000 men, leaving
100000 of people owning only
amount of wealth equal to that
Fned by $4,000, 600 in 1860.
The business failures OF the past
4 months and the liabilities in.
lived are so enormous as TO have
parable! during the present CEN
BY, while millions of able bodied
en, willing and anxious to work,
thrown into enforced idleness,
d tens of thousands are added
ery month to the vast army of the
employed. While the warehouses
ID shelves of the factories, impor-
Is, jobbers and retailers are packed
til food and clothing the people
deprived of the means of OBJ
lining all the luxuries and many of
E necessities of life.
Debts, public and private, have
Jed up mountain high, until every
ut of our industrial system is
ney combed with interest bearing
legations and universal repudla.
%, foreclosure and bankruptcy is
(mlnent unless relief can soon be
tained
The system Of finance known as
national banks was advocated
asnacted thirty years ago by
70 Who asserted that it was in.
laed TO furnish the country with
ate and sufficient volume of paper
!calatlon. That it has failed in
s is a'tested by the fact that its
per issue dnring fifteen years
~ has decreased from about
0.o'O00 600 to about sl72 O00. 900
lhng which period the needs of
country for money circulation
We largely Increased.
ny virtue of special laws protect
'his system it has been enabled
gely to monopolize the banking
currency business of the coun.
At has failed to prove equal to the
urgency to accommodate the
Osl reasOnahla damnnds Of no1n.