The Daily Texarkanian., 1895-09-20
a Wooden Manufacturers Opinion on
Free Coinage.

VI AAN EANdL vNSAASSA NNSNAS'DN~J
wooden mills. His reasoning print
ed in the New York Mercury re-
quires careful reflection and should
command attention:
WHY I FAVOR FREE SILVER.
The object of this paper is not so
much to make an argument to dem
onstrate why ] Favor Free Coin
age, as it is to set forth some facts
showing that free coinage ''is a con-
dition' we must get back to If we
would preserve our present form of
government.
The last bond issue and contract
with the Rothschilds demonstrated
that the financial status and pros
perity of the United States, the
most powerful government on the
globe, are subject to the control
and dictation of a European firm of
bankers. This is a most pitiable
condition. and was made possible by
the system of finance adopted dur
ing the exigencies of the civil war;
and fostered by the national bank
interest for their individual aggran-
dizement; in that, the treasury of
the United States government is
the "bank of issue" and has gone
far beyond all the rules of safe
banking, deduced from the expert
ence of ages,
The bank of England adopted %
per cent. reserve of redemption
money as the limit Of safety. The
United States government has been
trying the experiment upon a basis
of not quite one per cent, until it
has brought ruin and disaster upon
every branch of industry and COM
merce. 1t should not be persisted
in lest worse come upon us,
If the certificates of Indebtedness
issued by the treasury we're bonded
at low rate of interest-say two
per cent. per anuum-and these
bonds were made the legal basis Of
issue by any chartered bank at full
value without taxes, free coin1gc
of gold and silver woaid taeu not
only be a logical sequence, but an
accomplished fact, as they would
become, by virtue of the stamp of
the United States government, re-
demption money pure and simple
1t is 4 fact that free coinage of
gold and silver is en- impossibility so
long rs there is soutstanding this un-
safe amount Of issue. 1t is also a
fact that this unsafe amount of is
sue or unsafe excess is necessary to
enable combination of bankers to
bargain with the United States
treasury guaranteeing it protec-
tion and solyency, That this has
been done is an ignoble confession
and should make every patriot
blush,
Aside from these facts so patent
and so humiliating, there is one 9TH
er that has to thoughtful minds the
Hurled colorings OF the storm, threat,
ening the stability of our form Of
government; for unless we can get
back to the condition making free
coinage possible, we must alter our
laws and the constitution 50 as to
throw around property safeguards
at the expense Of individual rights
or property will not be safe, and
should this be done, this changed
situation would enable vast wealth
in the hands of few to dictate laws
or in other words, would enable
them TO conduct their business to
suit themselves, to the exclusion of
every consideration of labor from a
humanitarian's point of view The
Pullman Car Company strike dem
onstrated this; that to thoroughly
organize and conduct a business up.
on purely business principles labor
must not be considered other than
as a means, The larger the corpo.
ration and the more powerful the
combination, and necessarily the
more intricate the business, the
more entirely Is the individual mer.
ged into a piece Of machinery
SO It is, AS long as mankind re.
mains under the present conditions
of unequal capacities and opportu-
mites and individuals are controlled
by selfish motives, every means Of
self ACKNOWLEDGMENT viii be resorted
to, and the stronger accumulate at
the expense Of the weaker and
these accumulations will require
class distinctions,
Free-born Americans do not make
good servants, The best servants
come from Europe, trained for many
generations Our very rich must