Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-04-18
CLEVELAND ANSWERED.
Silver Dick Bland and C0in's-SchOO
Harvey Reply to the Presi-
dents Chicago Letter.

Silver Dick Bland and Coin's-School
Harvey Reply to the Presi-
dents Chicago Letter.
Lebanon, Mo-, April 18.-Hon. R. P.
Bland was interviewed at his home rel
ative to President Cleveland's financial
letter, and said:
"Mr. Cleveland, unfortunately for him
self, his party and county, from the be-
ginning of his administration, draws the
lines sharply between the friends of BIZ
metallism and of gold mono-metallism
In doing SO he forced upon the country a
state of affairs that is intolerable to the
masses of the people. Gold mono-metal-
lism is a stencil in the nostrils of the
| plain people. The gold standard may do
for the bondholders and bankers, but the
| suffering of the industrial classes conse-
quent from silver demonstration will
| not be endured longer without struggle
the like of which this country has not
seen since the late civil war.
"Mr. Cleveland must remember that his
com bination of the gold standard senti-
ment and methods has brought disaster
to the people of all gold standard coun-
tries, and this policy is now running the
country. It is the state of things that
has made his administration hateful to
the mass of the American people. Mr..
Cleveland's insinuations against the
motives of the advocates of silver re-
storation are based on wicked and un-
patriotic purposes, which may do for
those whose environments are such as to
prevent them from seeing the utter
poverty aud distress that is prevailing
among the masses of the people, but
those who live in the midst of this dis
tress and see daily that the people are
suffering will repel with scorn such in
situations"
AUTHOR OF "oo1S."
Chicago.-Mr. W. H. Harvey, author of
Coins Financial School, and chairman of
the executive committee of the Bimetallic
league, has addressed an opcn letter to
President Cleveland in which, among
other things, he says the Chicago COM
mittee who invited the president to speak
there on "sound money" did not repre-
sent a majority of the business men and
citizens of this city, who take deep in
terest in the welfare of this republic.
They represented
THAT CLASS THAT OWNS MONEY
and securities payable in money--fxed
incomes.
"We respectfully submit that your letter
does not present the true merits of this
controversy. You call the attention of
farmers and wage earners to the fact that
rising prices, while enabling them to sell
their products and labor at higher prices,
will also cause them to pay as much more
for what they may purchase. But you
neglect to say that your statement is not
applicable to debts. With prices coming
down regularly and steadily since the de-
monetization of silver, our merchants,
our affairs and the people generally have
been doing business on falling market; so
that the time intervening between the
purchase of their merchandise and the raw
material and placing it months afterward
on the market has removed the margin
they would have otherwise made. This
shrinkage in values, added to the or
dinary risk and expense of business
has led to an ever increasing volume of
debt, until it has increased, all told,
public and private, to about $4,000, ,OOO,-
600, or about two-thirds of total value of
all the property in the United States.
Money and these debts payable in money
have been steadily increasing in ex-
changeable value with the property of
the people.
"A debt of $1,000 that 900 bushels of
wheat would have paid ten years ago
now requires the farmer TO give 1900
bushels of wheat in exchange for these
dollars with which to pay the same debt.
The debts now in existence are princi-
pally old debts or renewed or refunded
debts, or new debts contracted to pay old
debts, or debts the people have been
forced to contract by reason of the con-
tinued decline in prices.
"The owners of products must now
GIVE, UP TWICE As MUCH PROPERTY
to pay taxes as in 1873. Seventeen thous-
and bushels of wheat would have paid the
presidents salary of $25, 900 in 1873, and
it now requires 100000 bushels of wheat
to pay an annual salary of $4,000. Taxes
have increased as expressed in dollars
and have doubled and quadrupled as
measured in the property the people sur
render with which to pay, since 1873.
"We have constantly pointed out to the
people the ever increasing exchangeable
value OF the creditors dollar and the
reason it was increased, but the influences
of these creditors have dominated your
administration, and you insist on such
currency as they have established as a
sound currency. II means the confsca-
tion of the property of the people by the |
sale of property under mortgages, judg- |
ments and executions. It means that |
fixed incomes will wipe out the interest !
of stockholders in our railways and COR
porations. If it is an injustice to restore
prices SO that people can exchange their
property for sufficient number of dol
lars to pay their debts and bring hap
plness ard prosperity to our land then it
was greater injustice to destroy the
value Of property and enhance the value
Of money by demonstration of silver
and the establishments of q single gold |
standard; 90 that when yon call the at
tention of the farmer and wage Garner to |
the fact that rising prices will make him
pay more for what he buys, you should
at the same time call his attention to the |
fact that 10 would enable him to pay his |
debts, free him from bondage in which |
he has been unjustly placed, and again
make him the owner of a home and a
free and independent citizen.
1--WE might say further to him that ris-
ing prices cause money to seek invest
ment, and would thus open the channels
of commerce and trade and give employ |
ment to the millions now idle. 1t is not
more money that We want to borrow, but |