Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-06-01

an n national scale, How long 90 our
Legislators suppose such condit'on '""
be maintained? .eeik
Yet its chief causes are NOT iar 70 80,
They are. first. vicious u'si 49,. on,,,.
tom, Under which the weann Oh .n co,,.
49,, ,y,,hir three decades has been con-
"a 4, ,be hands OF the few. which
.,r,,sr,ad our immense wnr-debt, CON
,racted IN deprecated currency ana
navahIe IN currency into a coin DEBT anu
10 strixing down silver as money.
metal converted a coin debt into a sou
debt the practical effect being 10 douo,e
ali debts. public and private. and doupie
the burden of taxation upon the peop'e'
MOI I'm dollars. Il II true. the ngures re-
naming the same, but In every prouu.'
NJ labor whether coming from the he'u'
,no ,n1ne or the factory, so that twice
ss many bushels Of wheat, bales OF co''ou'
,ons ~ iron. or bolts OF cloth are re-
omIred 10 nav the public debt now OF
would have been required when was
contracted. or at any time prior 70 100
A financial system which, di5earus ~
wisdom. experience, and practiee VI VI
world for centuries. makes soiu u"e liz
measure Of value. Gold. whIch - 49,
doscrihed nv the great German cnan-
- o. "a narrow blanket. too smali
- .ovsr ali the nations that are struR-
cling for H." The flnanciers OF tne
Tinted states at the lnstigation OF tle
hond. holders and money class kicked on
the wide silver blanket, under wnich tne
naople had been kept in comparatve
comfort. and now. perceNins tue nn
chief which has been wrought uhuet
the lead of John Sherman, the principal
agent in effecting this widespread rum
arc asking for an international agree
ment for the restoration OF pimetahisn'
GOLD EFFECTS.
cola recommendation. under the ineXora-
bIe law of supply and demand. inevitsDiy
enhances the value OF money ana bonds'
PRODUCES falling prices, declining mar
ket. paralysis OF trade, business iaiu,ss'
contraction or suspension OF INDUSTRIES
enforced idleness. lower wages labor
strikes riots. and bloodshed. me m
ability of the idle to purchase lessons 'ne
demand for commodities, and gives an au,
ditlonal impetus TO the downwaru ue,lu
OF prices. and tmid capi'ai seeA e
shelter of the banks to escape the pitiless
furv OF the storm Il has evoked, and ac-
ouires in the very act OF hiding an IN
creased value, fsttening on the distress
and want brought into thousands OF homes
throughout the land
UNJUST TAXATION.
Second A Vicious and unjust system
Of TAXATION. which for thirty years has
levied tribute on the masses TO enrich
tbe classes; which has formed CO.
partnership with the protected interests
10 fleece under the forms Of law every
other interest; a coordination or the thou-
sands to rob the millions; when taxes
consumption and not property; taxing
ha
lightly the Injuries of the rich which,
under the specious and false pretext OF
increasing the wages of labor, breeds
multi-millionaires, nurtures trusts, and
combinations which destroy competition,
limit production, fix the rate OF wages,
and Import the pauper labor or Europe 10
take the places of American working
men, and which, under the pretence OF
creating a home market for our agricul-
tural products has shut us out from the
foreign market, and transferred our trade
TO India and South America.
The protective system is vicious. because
the taxing power OF the government Is
employed to promote private interests:
IL liz unjust, because II authorizes the few
to enrich themselves at the expense OF
the many; interferes with the national dis
trlbution OF wealth. and contributes to
the pauperization OF the masses.
IT'S LATEST PRODUCT.
"Coxeyism" Is it's latest but not its last
legitimate product unless this sharing
of the taxing power OF the government
with individuals and corporations is tho
roughly uprooted and destroyed. CoNey
and his disciples but carry the protection
principle TO It's logical result. as was
pointed out by Mr., Harter, when they
demand fair distribution OF its bene-
fits. If It is part OF the business OF gov
eminent 10 levy tariff taxes 10 promote
private interests and 70 give remunerattve
wages to labor I'm mills and factories, IL Is
equally its business to levy taxes for the
support OF labor in other fields. II the
government shares its taxing power with
the mill-owner and the operative Il should
take into the partnership the farmer,
mechanic, and laborer.
WHAT NEXT?
Congressman may laugh at Coxey at
the head OF his army OF tatteredemallons.
Nero ftddHed while Rome burned. Reflect
ing men are asking, After Coxey-
what?" Craftsmanship seeks TO know the
causes Of political and financial troubles
and to apply the remedy. Such was the
task assigned by the people in 1892 10 the
present Congress, but IL seems utterly in
capable of measuring up 10 the require
ments of the occasion, and employs pal
Natives In homeopathic doses, when the
knife of the surgeon is the only curt.
A. X. M.
East Richmond, Va, May Is, 1894.