The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-09-16

comes, on the products Of the labor
of the common people.
The gold standard doubles the
value aud purch asing power of their
incomes, while it reduces by half
the prices of the products of labor.
The ruling classes, clothed In pur.
pie and ine linen, exhaust every
form of luxurious living, while the
great mass of the common people
are bowed down with the merciless
exactions Of unrequited labor, to
which they submit with the best
grace they may, under the persua-
sive influence or fix I'D bsyonets and
double.shotted G stling guns. This
ia a fair statement OF the results of
the European momometallic tiaan.
cial policy now sought to be forced
on the American people.
Every political party in this
country, without exception, has re
peatedly, over and over again, de-
cIared for ana pledged to the Amer
lean people the blmetallic policy,
the free coinage of both gold and
silver, with full money power TO
each, without d scrlmina ing against
either. or response TO these
pledges solemuly made is in bill
now pending before the senate for
tie unconditional repeal of the only
Law on our statute books authoriz
ing the coinage of another silver
dollar, placing the country avow-
eddy on the slngle gold standard.
II this bill shall pass as iatro
duced, aud the vast power of the
administration liz behind it urging
It's passage, the free men Of America
will have bowed their neCks to the
yoke OF European domination in
their foreign and j ,nestic fnancia al
affairs. Rothsohid and the Bank
of England, with their retainers,
dictate the financial policies of
Europe; ana ii the single gold stan
dard ID established in America, then
R,thschild and the Bank of Eug.
land, with their New York asso-
ciates, will become the arbiters of
American finance and the dictators
of our fnancsl policies, because
they control the gold we will be
compelled to have.
The director Of the mint in his
latest report of date February l6.
1893, referring TO the worlds pro
duct of gold for the years 1890,
1891, and l 49,, says that according
to the revised totals the omount
was as touows: 1890, Sll3, l40,
600; 1891, 1920, 5lS, 500; 1892
Sl9O,slS, GOO
The gold product of the United
States for the year 1892 is estimated
by the director of the mint TO be 1913
600, 900. For the year 1891 he es
Inmates that SIG Gle, 40S was usec
IN the industrial arts, and for 1892
$l6,644, 953 wa} used in the arts il
she United States about half oil
the product, leaving the other halt
for coming The director of the
mint few years ago estimated tina
SAC, 000,000 of the worlds aunus
gold product was consumed in the
arts, in the manufacture of jewelry
gold plate in dentistry, etc.
The gold product of the world
has been for many years dwindling,
being about 500 600, 900, until in
the last two years there has been a
slight increa'e. Deducting the di
reotor's estimate of the worlds con.
sumption Of gold in the arts from
The gold product of 1892, the larg
q in m,ny years, and We have left
tor coiuags $s4 SIG 600 to recruit
me losses of the original stock by
abrasion, handling and accident,
and meet the necessities of the
world arising from the growth of
population, business and commerce.
Over this the natious of the earth
must struggle and scramble for
accessiops to their present stock. Ii
Is the European policy that this
shall be so, because Europe already
holds possession of it and can fix the
prioe upon it. There all develop
msnt is completed and finished,
population is stationary or declining,
and production, if not receding, If
a, least not advancing Stagnatior
Is the order of the day. Oar country
IS young, full of .vigor, growing
,-oo;6ly IN ronnlat;on hoth from