The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1895-08-30
Communism and sOphistry of Senator
George at Winona.


Although the cope of Senator Georges
Free silver speech delivered at Nino'a,
varies hut little from the many with
which the public have been entertained
along thar lihe, the official prominence oi
The speaker gives special s'gniti since to
his utterances.
The absnrdities. contradictions, fdlla-
9ious reasoning aud conclusions. stamp
the distinsnished Senatoras an nnreilanie
leader in monetary matters. ana as iack.
ing sincerity in the expression OF MS
views. He says:
business men don't increase their invest
ments If they distrust the CONDITION OF VIZ
currency aud anticipate a panic. ihey 90
exactly the reverse. They prepare Tor the
coming storm by reeting sail-contractlng
their business and their credits Banks 90
exactly the same"
The industrial condition of the country
during the last two or three years has
beca caused, no doubt. by the conditions
that clearly stated, and who can be held
responsible for creating such ininons
''%distrus-," but those who have assailed
our financial system from Il %popull,iic
and communistic standpoint, without
Offering u substitute that commended
itself to the business men of any class.
Although admitting that the activity
ofcapital, and hence the employment OF
labor, are based upon the confluence
business and monied men hive IN the
soundness and stability of our financial
system and monetary conditions, the
Senator denounces bankers, capitalists.
business men and officials who are re-
.sponsihle for preselv wing onr national
and foreign credit as "consplrators' con-
niying to work individual and national
bankruptcy, and asks is this a govern
melt OF the people, by the people and
for the people, or is it Il government OF
banks, by the banks and for the banks p
in which be says he includes "a large
number of others who are holders of and
dealers in money"
If the good influences of those whom
the Senator %denounces as ''c0nspirators,"
"'gold-bousht cOrrnptionlsts,' aud plum
derers Of the people" are to be ellmina-
ted from our financial system and indus
trial interests, who would be left to sus-
tam our commercial relations with for
elSn powers, and avert bankruptcy OF
all our railroads, manufacturing aud in
dusfrlal enterprises except schem'ng
demasogues, communist and INDECENT
laborers without employment.
The Senator asserts that in 1892 and
1873 the banks demand obligations were
nine times greater than the cash in hand
to meet their obligations and at
another time charges the bankers with
cOnspiring to prodlce the panic, and
thus insure their own ruin. Even com
mon observers must know that banks
are the first to suffer the bankrrpting III
tluencc of panics, aud that the greatest
industrial prosperity ensures their rich
est harvest, therefore how absurd and
libelous the assumption that the Pres
ident has c~onspired with Blankets and
all classes of busircss men to cripple our
resourc' IS II Il impoverish the people by
a panic that intlicts the greatest injury
upon its instisat0rs.
Who does not know that business sue
cess is Il guarantee of business integrity.
also that men engaged IN the banking
business are almost universally trusted
by the masses, rich and poor. high and
low, rs the cuStodiaus of THEN surplus
cash, and still the burden of the Sen
atol's speech, and all others of commu-
nislic tendency, is an arrangement OF
bankers. business aud m0nlcd men, with
government officials as c0nspirators and
traitors to our national interests. Who
can subscribe to sucli an untcnable, pre-
post ter contention, upon the vail lity
Of which Senator George basis his whole
argument.
This is already too lengthy and folbids
a lcview OF the free coinage feature OF
the speech. IL. 5. HYATT.
Ocean Springs, Miss, Aug. q, 1873.