People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1894-08-31
PEOPLES PARTY PAPER, ATLANTA, GA AUGUST 81 1894

yer standards of value The result was
| that from 1Sla to 1923 more than four
| ffths of the landowners of England
! lost their estates. The number of land
owners was reduced from one hundred
/ and sixty thousand to thirty thousand,
and, in the language of Wendell Phil
| lips, bankruptcy, the very history of
which makes the blood cold today,
| blighted the empire"
| Why ali this suffering? Why all
| these tears? Why all this desolation
1t was brought about by men who had
determined TO drive paper money from
circulation, had determined to bring
down prices and wages, and had espe-
cially determined to bring all the real
estate of the kingdom within their
| possession. They triumphed. Today
the immense fortunes of the English
| lords and the vassalage of the En-
glish peasantry are attributable to the
viilainies of highlands resumption
laws. In every panic with which En-
| gland has been atflieted-in the one
| just referred to, and also in 1886 and
| 1893, in ls47 and in 1851, and especially
in 1866, relief was only obtained by
| the repeal Of the resumption laws and
| by Initiating the paper currency OF the
| country.
| England at the close OF her Napoleonic
wars and France at the close OF her
war with Germany.
| The latter power, instead of contract
ing her currency expands it; makes her
notes a legal tender, pays her debts,
sends thrift and prosperity
! through all her provinces,
| abolishes the empire, and establishes
a republican form of government. The
/ finances are managed in the interest OF
the people and not in the interest OF an
| aristocracy and the result Is monar-
| chy gives place to a government by the
people and for the people.
| While the difference between Eng
| land and France is striking, the resem-
| blance between the financial policy OF
this government and that of England
| is also impressive. During our late
| civil wa the people OF the north and
west were never more prosperous in al,
of their industrial pursuits Every de-
| paTtment of industry was stimulated
TO the utmost capacity farmers ana
| manufacturers, merchants and bank
ers were all richly rewarded for their
| labor and investments In 1865, at the
close OF the war, tits prosperity was
| still in existence.
This prosperity extended in part to
! the devastated south and enabled her
for brief period to restore her waste
| places and gather supplies to feed her
| houseless population. The circulation
| OF money at this time amounted to SOS
| per capita The facts assure us that if
| this volume Of currency mad been con
| tinued until This time the burdens OF
| taxation would have been well-nigh re-
| moved, the debts of the nation, of
states of corporations, and especially
of individuals, would have been we'll
! nigh cancel cd "tramps' would never
| have been heard OF; riots would never
| nave disgraced Pennsylvania and other
| northern states; all sectional strife and
class supremacy would long since have
been submerged under the tide of I'M
| rivaled public and private prosperity
Alas. as in England, so in this coun-
| try, during the war the commercial
centers notably New York and New
| England, from their superior adyanta-
| ges, gathered in the bonds" of the
government; the crystalized tears
| blood, losses and poverty of the nation
these opponents of d nations ira
vail
Every dollar that the spectators
| and bankers OF New York and Boston
could accumulate in this time of pros
| perity, and which was not expended
in hiring substitutes to take their
places in the field, where brave men
tvere batting for the union. every dol
lar hat The camn-folloyers' and BONN
moot nfice holders could command
t ttas iryastsd in government securities
obo,t Fftv cents ON a dollar
| ~ a,,IrLtn, and annIauseN
Tn'one Win its I1nernnloved caDital
hanrht mn these bonds1men who had
NJ, s5eT1,,atbv Nth the labor. and struo.-
rIaeof tbie countrv. antionated shy-
IDS Who stood eharnrnin0 their
l(,,;,.ae and so1noo,,izinJ with than
lives, IN have tho heart as forfeit of
no bond pU cnt II near the heart
| "I5u have NV bond | win not hear
tbce sneal,
M have NV bond. and therefore sneak
mo more
M moi he made a soft and dul1-eved
fool
no ehalTe the baod ralen4 and sioh
a15 ,5iold
10 CHRISTIAN intarcossors Follow not
| IN have no sneallinm. m have nv
bord,,, O.
At tho clos, Of tho war these Amor
ran and Fnronnan sbvIorks MS they
ia in EupIand became clamorous for
,.,,,,,,t;e,,I M, corad notbinr fn,.
nllia ,,a,,Inonts rhis was y nee ,,re
'ftosn ~ 3cnoinniish tbair nltimofnm
',71,t,actin,,
Soa"ia ,,as q mara s,decovn tn load
no ,,,,s,,s,acrinr nroduotive class.
~, ta.;,. ,,,osh,.2' T'hei,, c.ni+al was
e.,l M ~. ,Ios;,.s5 g., ..CI,t7aI,. il, H.,
'iIl,' ~ Iob nr and t'ey nus
" ''e',iL', ,I,, - Of hos rro5,",
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- rr ,,',,,'' Ldya ,,inrpnbadr The aoita.