The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-01
THE DEBTOR AND CREDITOR

| Touching the silver question the
| people of the west are unjust in their
judgments in this that the masses of
the people east are ignorant They
do not understand the effect of the
| decentralization of one-half of the
redemption coin OF the country. Such
| ignorance is readily accounted for
The debtor west was first TO feel the
pinch and therefore the first to find
out what was hurting The interest
paying man, the mortgager was forced
10 reflect as well as to scratch. He
read up. The average eastern man
accepted all that the mortgage and
that the money monger said touching
honest money" and the necessity of a
gold standard" as sound, and with
out a question. So. in truth, While
the west has figured out the entire
problem, the east is hopeiesSly en-
tangled in a maze of statistical de-
auctions, deftly manipulated by money
monsers from false premises, by which
the western debtor is made to appear
as a ''cheap money" man, as wanting
to get a dollar for fifty cents, as, in
fact, absolutely dishonest
In the meantime prices continue to
go down, with congress wildly beat
ing the air and failing to do anything
save in buncomb resolutions and hyp-
ocritical speeches, which are mere ex-
cuses for squandering the time in
which there is left the opportunity for
affording the relief demanded by the
people. 1t is easy to understand how
the money power Of aristOcratic gov
ernments do control the law-making
power; but in a government of, for
and by the people, how both the law
makers and the executive dare turn a
deaf ear TO the petitions of millions,
passes understanding. The pitiable
army of unemployed is increasing. Suf-
fering and despair grow hourly. The
baneful, blighting and deadly fall Of
prices continues and congress stead
tasty refusing to do anything to stop
the appreciation of gold and the down
ward tendency of all things else.
We are one nation, our interests as
d people being identical. In relieving
the western debtor the eastern creditor
is not robbed. If prosperity can be
brought to the mortgager by the re-
Mobilization of silver and a resump-
ton of good times it viii not prove,
in any sene, reputation of the mort
gagee'S dues. The creditor will get
the full value Of what he originally
loaned not only, but his debtor will
be in a shape to become better Gus
toner. East and west, north and
south we are one as nation and
must stand or fall together financially
as well as politically.
Great corporations in this country
which have issued bonds payable in
gold, and sold them abroad, will pay
them in lawful money when they can
pay at all, and the creditors will be
If that should not satisfy them they
can foreclose their mortgages. and
they would then find that the property
held by them as security would
bring but fraction of its indebted
ness. This is because of the great
fall Of prices caused by the closing
of the worlds mints to silver. The
creditor class Of the world is i'm no con-
dition TO attempt the arrogant dicta-
ton of legislation. The pawnbroker
has struck down the value of the
pledge he holds to less than the amount
Of money he loaned upon it. He may
yet see the wisdom of returning to
to help him out of his
own difficulties"