New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-03

for,,i,r with this STYLE Of sophlstry, and ne look
occasion TO strike it some knockout Diows.
In tho first Mace. he took all the wind out OF
,,o soi,s of tho nAationists by telling the truth
aho,,t nr;cos Az member Of the subcommittee
OF the Senate Finance Committee which III lo'i-
OF investigated the course OF prices ana wages III
the United States he was able 10 sho" iroiii HIS
,.,, osoorc bos that articles Of food the products
os tbo farmers 10 whom special appeal Is made
~, tho s,,vor advocate were ut the date Of the
,,,,.ost;,otion obout 4 per cent higher in price
,hor In 1850. that since 1873 they had fallen less
than the commodities which FARMERS nave ~
buy and that wages were 81 per cent hlSner thah
in 1850 and s per cent higher than In 1873 when
thc LEGISLATION complained OF was enacted.
Farm products had fallen since 1919 less
than 10 per cent; clothes and clothlng' %
nor cent metals and implements. 30 per cent;
housc furnishing goods. p per cent lumber ana
bui,dinp materials, nearly 20 per cent. Meah-
whilo of course. interest rates had also been re-
duced en- II naturally follows that instead OF
dohts boing more onerous they are less so, Tor
vocos and income have gained in purchasing
power from both causes. the increase IN was''
and tbc fall in prices Of purchasable commodities
Having disposed Of this particular bit OF nap
Mr. Carlisle comes to the other point. the grind
In, dovn of the debtor class" by their assumed
enemies. the "creditor class" and says: TO as
.sor, that the people are In debt Is simply to say
that they have traded with each other on credit'
that one part of our fellow-ciizens. relying upon
.the integrity and financial standing OF their
"ncighbors and acquaintances have lent 'nei'
..,,onov on time and sold property to them with
..out demanding payment in cash, ana 'ha' III
.tb;s wav they have enabled many people to carry
ION a useful business and live In comlor'aoie
..bo,nes who otherwise could not have done so.
III it Is crime TO lend money 10 ili'" WIN
wants to borrow it. or TO sell properly Oh circuit
ito n man who wants to purchase IT ana mas 10
"ready money to pay for II, let the perpetrators
she propcrly punished. but lot us not involve the
"whole country In confusion and disaster ana I'M
.molotc the innocent and guilty alike in order to
punish the real offenders"
While that statement sums up the whole sif'a-
,ion in \ nutshell. still II may not appeal TO the
dcluded followers Of Bland and his ilk with the
same force as some Of the statistics when MT
Carlisle proceeds TO give In an analysis Oh the
debtor and creditor Glasses Compared WITH
tbe debts of the great railroad and manufacture
inc corporations, the savings-banks ana bahKs
Of deposit. the trust companies ana insurance
companies. the debts Of the farmers and mechan
les appear Insignificant. Laboring men owe l''ie
at any one time while they are almost always
creditors ~ their employers for wages for one
week two weeks Sr a month. as the case may be-
The savings banks OF the country have nearly
100000 dcpositors all creditors for small
amounts The National banks have nearly 2Voo
600 depositors more than three-fourihs OF them
with accounts Of less than S1,OOo-all creditors
again Over 7.5O).OoO persons hold policies IN
life insurance companies, and nearly 3.joo0OO in
mutual benefit asSociations-more creditors. Al
together about u 100000 people Of moderate
| means are the creditors Of these moncycd insfi-
tutions Are they the creditor class whom the
silver bugs are so anxious 10 cheat out OF half
| their possessions? or * II the wagcearncr.
whose income they would cut In half by dcprccia-
| ton? The hardcarncd savings OF the poor
ought not 10 be- sacrificed 10 the avarlce OF The
| wealthy mineowncrs or the ambition OF aspr-
ling politicians. and II the people who have Il
substantial interest in the welfare Of the coun-
TRY and a just appreciation OF their response
Utilities rs citizens will exert their proper intiu-
"cncc In public affairs this great wrong can
| "ncv.r be pcrpetrated