The times. [volume] (Richmond, Va.) 1890-1903, 1895-06-30


NEW YORK. June 12-When l called on
Coin in Chicago | opened his book ana
asked him what he meant by this aston
fishing paragraph
THE annual interest on all our public
and private debts Is more than the annuai
profits OF business and production.
Il mean" said Coin, " that our country
Is in "a bad way" 49,,
'lf you mean anything at all, Com,
| said, you mean that the interest We
pay is more than-the principal!
"Well-perhaps--
"Neyer mind the perhaps j interrupt,
ed. These are your written words. ana
the unthinking newsboys on the trains
have swallowed them. They are the Key
TO your whole argument. You say l. l,
because we stopped coming SILVER YER az az , ,,n
the treasury rot loaded up with $Nn,W'wD
worth OF dead coin, the nation began 70
get poor until we are now on me eve OF
bankruptcy. Now, Coin" SAID get
down your census report tNo. l5Z, June =
isg9 and answer one. What was the
value of all the property IN me uIlttu
States in 1860 answer 1t. Read IL from
the census report. -, .,
well" said Coin. scanning the pages
that he had misquoted, "the report says
$l6.159 GIG. 06S' ,--,..s
And how much property in the United
States ten years latcr-in lS'v. .r.,,
'..Just 5000. 600 ,o00." said Coin. 1T had
about doubled" 49, l.. ,ooo
after the war shrinkagey - .
And now Coin put in what you sup
pressed in your book. HOW ala the NAHUM
SWhy. il is estimated that all our pro-
perty. even 10 towns below LOU populd-
ton. amounted to $9i,Wo0D.e0.
SO our property has doubled IN ten
years ears VOL, Il Ae-e-m-s So" said
Coin coloring uD
III Is so. Coin" said. you are read
ing from the United States census re-
ports When a nations pronIs III puei-
ness and production increase Z per cenl;;
year II don't look much IKE ndIoidi
"No-weil you don't take in private
dedst and mortgages and
"There you go again, Com. ,ou sarau,
die on a fallacy Every debtor mas
craditor Debts and credits among Inc
people balance themselves. A half a mil
lion people in Chicago might borioW
half million dollars from the rest or the
population. and the wealth Is all in chic
AGO. Does II make any difference VINO
has the money. the debtor or the crell,,
tor? One-half of New York Is morteaged
to the other half, but the wealth. anu COZ
lateral are here"
"Well-may be-if-
"Never mind the II. Coin" interrupt
ed. I'VE are after facts. Now saln;
turn TO the census report and see what
our public debt was In 1880.
ut was s2.S27 10000 an awful debt,
.'And what was It in 1902"
'Why, only 81 100000"
NOW do you call that running behind
Coin? Is the interest eating up the prin-
!'Wen the debtor and creditor class and
80 stop. Coin: stop that nonsense, You
| have befuddled the people too much al
| ready with your primary money ana re-
demption money and creditor class. GIVE
| us straight English. Now again what
was the interest on our public debt IN
at was $4,000 OOO-an awful interest"
Eyes, II was, Coin" 1 said, but wha'
| was II in 1902
| why only 100000"
| "a reduction of the interest on the pub
| lie debt of 100000 in ten years. COIN,
don't look like running behind. does II!
| Coin bit his finger nails harder than
| ever and seemed lost in thought. After
| letting BIN think a moment L SAID;
Now, Coin. your book Is full or Just
| such silly blunders, and the people begin
| 10 see them now. But our country mas
| done better than this. IL you study the
| census reports you will find that we have
| during this time. built 10000 miles OF rail-
| roads worth $4,000. 900 900, built up our iron
| Industry worth 81 100000. thribbled our
| coal OUTPUT. raised the cotton crop from
| 5000 900 900 bales 10 100000, 600, and"
"HeaVeni" exclaimed Coin, running MS
fingers through his hair. Il was away OIL
| wasn't ~
"Yes you were. and now hear what
| Mulhall the great statistician, says
speaking OF our growing wealth and In
| tcllgence under limited bimetallism. 'Ihe
| United States" says Mulhall, between
| 1860 and 1890 increased $i9,00OoD,oo0 III
wealth and taught 100000 of her people
| TO read and write. and"
| II hear enough" said Coin. 81 see now
| how / have tangled up the people. ON.
| how / wish i were back In Wichita and
| Pueblo, for then. If the boom did last,
| had land TO stand on. But I made my
| silver boom out Of pure wind, and now
| the bladder bursts, and where am ~
Eyes, Coin" l said sadly. "the silver
| boomers are ratified. If you should punch
| the piti out Of nothing and put IN that
| vacuum million rattle-brained free coin
| ers, and then shake it-why, they would
| simply rattle. Now, Coin" / said you
can take the Ratchet. i have carried 1t
good many years and defended II
against all corners, but when l read your
exaggerated statistics my conscience for
| bids my carrying the sacred emblem long
er."-Eli Perkins. in Chicago Times-Her-
aid.