The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-02-23

10 The Houss committee on Ways and
Neaus, published last week, that there
10 "enongh money in the country"
and opposss the Issue Of csrtihcstee on
the idle oliver boarded 10 the Y. 5.
Treasury vaults on that account. II
there 10 enough money 10 the country
L 70 locked up in the vaults Of the
New York City National Banks 10 or.
der 70 create harder times, that labor.
ere aud their families may starve to
death, while the bankers grow rich
from the peoples distress. But then
the New York Bankers are generally
such unconscious liars, that Il 10 doubt.
ful II their sworn statements - 10
their reserves could be substsntiated
by % investigation.
The u. 8. census bureau Issues .
tabulatod statement - to the mort.
gage indebetsdness Of the people OF
the country which shows that In 80
ont Of the IS states and territories the
returns from which have been thus
Ter compiled, the mortgage on farm
land, excluding oil other sorts Of
mortgages, amount to ol.935, ASS. 1896
or i've times the total amount Of the
national debt. Add to this the chat.
tsl mortgage. the indebtedness not
secured By mortgage, the town,
city, county and state debts. the rail.
road and other corporate debts, and
the amount would be 90 appalling q
10 strike terror 70 the hearts OF credi.
tors, and ifcslled upon TO pay tt q
once, the entire value, real estate and
personal IN the United otates would
not meet It. The mortgage indebted.
ness alone u shown to b ave times
greater thsn the total sum Of money
Of oil kiuds-greeubscks, silver and
gold certificates, black backs, and coin
Of oil sorts-in actual circulation
among the people, and adding the
other indebtednees Il would reach ..
least so for every dollar Of money 10
circulation. Does this show that
Secretary Carlisle 10 right 10 asserting
that there 10 plenty Of money In the
country, when there 10 not enough oil
told 70 meet one-hitieth OF the indebt.
oduess? No, the government should
provide. By paying on oil ito bonded
iodebtedness In green backs. full 10.
gel tender, for that much at least Of %
increase Of the circulation, and hsv.
Ing 10 further interest 70 pay the tar.
IL reduction would Do greatly simpli.
ned.
The came census statement shows
the private mortgage indebtedness on
real estate 10 Iudisns to have been on
Jan. !, 1880, S1l0,73O.643, or about
fourteen times the sum total OF the
state debt, aud the real estate mort.
gage Indebted does not represent
0oge than one. tenth the total indebt.
edness Of the people and corporations
Of the state, and the annual interest on
the mortgage indebtedness IL given o.
37,67l.676. requiring 2.6l9.4sl bu.
shoIe OF 90 cent. wheat every yeer TO
pay the interest alone. Does this
show enough money In the country !?
Ia reply 20 Secretary Carlisle's asser.
ton. end the facts dsduesd from tie
census. . Democratic congress should
Immediately order certificates Issued,
payable only In silver, and : foil legal
tender, upon ell idle. boarded. silver
bullion Il The u. 8. vaults, and now
doiog no good 90 any one. The add.
tionsl impetus thereby given TO busi-
ness' would enable many farmers TO
pay Of their debts, and save their
homes from being bought ct forced
sales BY ruthless cormorants. and
themselves and families subjected to
the cold msrcies OF mortgage brokers'
There may possibly be the amount OF
money 10 existence Secretary Carlisle
claims, bot II there 10, the larger part
Of Il 10 boarded 10 the vaults Of bank.
ing gamblers and speculstors, 10 en-.
able them TO take advantage OF the
farmer's distress, sod boy his home
ct the forced sale following tho fore.
closure OF bic mortgage. 1t Il Ger.
tainly not "in circulation