The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-09-12

Dairs of teacups instead of half dozen.
IT has been said that gold is the rich
mans money. Those figures prove that
it is the poor mans money, and the
money of everyone who works for wages.
The wage worker is always cheated by
any deprecated money, more by depre-
ciated paper money because it has no in
trinsic value to check it's expansion. The
wage worker always gets the most for
his services when the dollar in which
he is paid is the dollar of the commercial
world. The whole people except specu-
lators and commercial gamblers are in
iuriously affected by deprecated money
of any kind, but the injury is felt with
crushing effect by the man or woman
whose life depends upon constant EN-
ployment and daily earnings. The CEN
sus of 1890 shows that there were in the
United States at that time 22,733,6 61
laborers, male and female, in all occupa-
tons. OF that number 15,099,901 were
wage earners who were paid in money
for their services.
-Four million, nine hundred and forty
two, four hundred and eighteen were
hired laborers in manufacture; 3,004,-
OILS were hired farm laborers; / ,443, 800
were hired domestic servants 639413
were conductors, engineers, fremen and
other employees of railroad companies;
Gil, All were carpenters and joiners; $685.
900 were clerks; 341,S11 were school
teachers; 36S,502 were draymen and
hackmen; 264, 900 were statesmen; 24S,-
443 were launderers and laundresses;
219,S6S were painters 205,315 were
blacksmiths; 1S5, 1877 were tailors; $780,
374 were bookkeepers and accountants;
1885 were sawmill operators; 104,-
SOB were physicians; SS,295 were clergy
men; S4,976 were BARRIERS and hairdreSS-
ers; S6,454 were printers and pressmen;
IA 633 were watchmen and policemen;
5S701 were commercial travellers; 60, 34S
were telegraph and telephone operators
and linemen; A $40 were boarding house
keepers; 44,110 were hostlers; 72,601
were laborers employed in vineyards and
nurseries; 70,734 were laborers employed
by stockmen 43, 242 were civil engineers;
33,697 were wood choppers; 1888 were
stenographers and typewriters; 26, 767
were livery stable keepers; IL, 49S were
dentists
These are a part, and only part,
of the vast army of wage workers who
are to be injured, and seriously in
jured, by the expulsion of the present
standard and the adoption of any depre-
ciated standard of value. The paper
standard, as l have said, is the worst,
because the paper has no appreciate in
silver standard is the next in order, but
its mischief is limited by the market value
of the metal in the dollar. The most
stable, inyariable and the best of all
moneys is that one of the precious met
ais which is recognized as 1.-The common
measure of value" of the commercial
world. We have that stable, invaria-
BILE standard of value nova currency
destitute of flexibility or elasticity, and
there is nothing wanting for its improve
ment but the substitution of halves,
quarters and dimes in the place of
the National bank notes and continued
coinage of silver so limited in its amount
as to keep it at par with gold. The
present National bank note is so limited
by law that it cannot by it's increased
issue displace the standard, but it is
based upon the existence and continu-
alton of public debt, and it cannot be
retained without the retention of the
debt upon which it is based which re-
quires an annual interest charge from
the pockets of the people. l am OPP
posed to the retention of the public
debt. l have opposed and will continue
to oppose any increase of it in time of
peace under any pretext. The found
Ners of the republic denounced it as an
evil whose existence was q constant
peril to free government. President
Washington urged it's payment as
rapidly as possible in his message in
1880 and five times repeated that rec
ommendation to congress, and in his
farewell address warned the people of
the evils that would follow it's reten-
ton. President Jefferson denounced it
over and over again and characterized it
as moral canker." President Madi-
son declared the man an enemy to the
Union who advocated it's unnecessary
duration. President Jackson pressed
the war on it until in the last term of
his administration every dollar of the
public debt was extinguished. 1t was
a notable event in our history, and it
was publicly celebrated in Washington
on the Sth of January, 1885, and the
old hero sent to the assembly the follow
ing sentiment: ''The payment of the
public debt. Let us commemorate it
as an event which gives us increased
power as q nation and reflects lustre
on our Federal union of whose justice,
fidelity and wisdom it is q glorious illus
tration.' This was the universal
Democratic sentiment then and it is the
sentiment of the vast majority of the
American people now.
In the discussion of the financial
question we should examine it in all
its features. We should settle the
bond and banking questions as well as
the silver question. They are all
parts of the same system and in the
settlement of one we should settle all.
For myself, favor the payment of the
public debt as rapidly as possible, and
I am wholly Opposed to borrowing
money by the sale of interest bearing
bonds in time of peace. Non-interest
bearing treasury notes may be issued
to tide over temporary DEFICIENCIES in
the revenue and they may be called in
and Cancelled as soon as the treasury
should be relieved by the incoming reve-
nus. Gold, silver and treasury notes.
in my Judgment, constitute perfect
monetary circulation, and I am opposed
to any legislation that will supplant
them.
I am glad to see the interest which
the people of Texas are manifestlng IN
the discussion of these important sub
jects. Discussion will give informa-
ton and enable the voters to reach a
right conclusion. When the majority
, speaks, their decision must be the de-
!, cision of all until it is reversed. l hope
4 we may be able to agree among. our
selves as to the policy that we should
! have settled by Federal legislation. but
I if we do not, I am sure we will agree
II, al +ba essential DrinciDleS of free