St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-23

eventually resolving itself into Il bare
existence. This has always been 81, and
always vii! be until labor is tho stand
ard of value. Trades unloniSm is Il step
III this direction. a certain scale of
wages gives q commodity a certain fixed
price for the labor which it TOOK to pro-
duce it, and tnus establishes 4 standard
of value, which, however, under the
present imperfect system, Is liable to
change AT the dictatiOn OF the money
kings.
According 10 The last census. the pro-
ducerS of this county produce toward
the wealth CT the nation SlO.5J a day
each On AZ average, and receive as their
share Sl.05, or Il tenth of that sum.
This 50 u is what the middlemen, Or
noh-proIucerS, take as their share. BY
controlling the money they can do this,
that being the gauge by which the value
of the product Is measured. If the
money standard was based on labor, the
products of the proiucer would be
worth the full amount, less the cost of
getting It to tbs an amount
which would be insignificant compared
to the amoun which they now exact.
There are $500. 0o0. 900 in gold in this
country and S4j. 90. 0UJ. 900 of debts.
which are all pay able in gold or Its equiv
alent. True. I'VE have silver and paper, bnt
they are simply cunvenienceS, anu not
standard, and it is to the interest of the
creditor to decrease the circulating ne
dunn as much as possible, for he thereby
secures greater returns for his loan. If
lie can make 81 purchase as much as 81.
A., he is SO much The gamer thereby. A
deprecated currency. a gold standard.
$500. 600. 900 in gold and debts amount
ing TO over $50 times the amoun of gold
in circulation. and all payable in gold or
its equivalent, calls for some drastic leg
~iSlatiun on the part of the people. How
can the yellow metal pay the debt?
Don't you see, the creditors control that
metal, and make you pay Tor the privi-
lege of using their gold in order to pay
the debt you owe them? r. j.
They IndOrSe Public Ownership.
The paid attorneys of private railroad
corporations and the large number of
people who have given the subject no
attention, but who regard as visionary
and impracticable" the socialist idea of
government ownership of railroads. are
unable to produce in court evidence to
Offset srch testimony on the advan-
tages OF public ownership as the follow
ing:
Fourth annual report of the interstate
commission of 1890: The diff
ference between a state and private
railway is explained on the ground thai
as traffic develops, III one case the pub
lie gets immediate benefit from lower
charges and greater facilities. and IN
the other the shareholders obtain a
! 4 nrr ntI s.tf n,l - tl~ -,l -
working"
Richard Speight. ex-chairman Victo-
rian railway commission. Australia, in
an article in the February number OF
the Engineering Magazine. of 1893.
aid 1.-The country would not have
been developed so rapidly. equally and
fairly If railway construction had been
leIt 70 private enterprise. The national
interest will be best consulted by the
retention of state control over the pres
ent railways and future railway extern
sion. The advantage to the country
has been enormous"
Sir Rowland Hill, founder of the
penny postal system: Government
purchase of railways may be expected
to secure the following advantages: A
pecuniarY gain to the state; reduction
Ill fares and freights; greater efficiency
OF management; increased postal facIl-
tiles"
Prof. j. S. Jeans, fellow and member
OF the council of the Statistical Society
of Great Britain: 'lf the postal and
telegraph systems were properly taken
under government control there seems
) much more reason why the railway sys-
tenn should be. since railways are not
only used by all, but exercise a power
and Influence ON our social and our bus
mess relations that no other single elc-
ment can claim to do"