The Louisiana populist., 1895-06-14

Enemies.
There is no longer any doubt that
England looks upon this land as one
Of her richest dependencies to in
crease her wealth. Since she has sue
ceeded, in inducing our great states
men CD to adopt her gold system and
run prices down fifteen feet below bed
rock, she is now buying up-dirt cheap,
OF course-our securities through
which she will drain our gold supply
and be able to buy some more Of our
interest-bearing bonds. A recent edi-
torial In the Globe-Democrat says:
'Ihe recent sale in London of large
Dlocks or stocks and bonds Of the
southern Railway is business pointer
OF considerable Importance. 1t indicates
mat Euorpe, which has taken a rather
gloomy view of the financial situation
IN the United States in the past tv3
years, is beginning to get into a mo. e
nopeful frame of mind. An immediate
eject OF the sale was a stiffening of
prices OF the New York Stock Ex-
change; a secondary effect will be
gradual renewal of confidence in
Europe in the business conditions in
this country, which will doubtless re-
suit In further heavy purchases at an
early day. Prices of American securi-
Ties In the London market have ad-
vanced since the purchase, which is in
itself promise of future investments
or the same sort"
There is no doubt of it. Prices of
American securities will continue to
advance as long as the people allow
themselves to be fleeced to enrich Eng
llsh capitalists. Because the Ameri-
can people are the biggest ninnies, the
easiest robbed people on earth, Eng
ilsh capital Is seeking investment here.
In Mr.. Cleveland's letter to the Chi
cago bankers he says: IF reckless dis
content and wild experiment should
sweep our currency from its safe sup
port, the most defenseless of all who
suffer in that time of distress and ma
tional discredit will be the poor, as they
reckon the loss in their scanty support,
and the laborer and workingman, as he
sees the money he has received for his
toll shrink and shrivel in his hand
when he tenders it for the necessaries
to supply his humble home.."
Mr.. Cleveland talks like the people
had plenty Of money right now in their
hands. II he knows anything at all
about the condition of the people he
knows that ninety-nine out of a hun
dred have no money to speak of. 1t is
not the shriveling and shrinking of
money that is hurting the people, but
the shrinking of the products of labor.
The price of cotton has shrunk from 25
cents to cents; the price Of wheat
from 81 per bushel to 40 cents per
bushel; and other things in almost
equal proportion. 1t is true the farmer
has felt this shrinkage more keenly
than any other class, but then as ag-
riculture is the basis of our wealth and
prosperity it effects all interests save
that of the money loaner and specu-
lator. The trouble is that Mr.. Cleveland
is representing the interests of the men
who have the dollars and notes and
bonds to be paid in dollars, and not the
men who have to sell the products of
their labor for money with which to
pay debts and taxes. Mr.. Cleveland's
attitude is very well depicted in the
following words of Senator Vance, ut
tered in a speech in the United States
senate before he died: "The rapacity
of avarice is so repugnant to the more
generous instincts of men, that it al
ways seeks to disguise its ugliness by
assuming the garb of some fair virtue.
A happy compensation this is, too, for
it confesses thereby that there are vir-
tues left upon earth, and that men love
them. In this case the bondholder and
capitalist cover their approaches to de-
grade the one-half of our currency and
secure the payment Of their claims in
the remaining half, of greatly enhanced
value, not only in the name of honesty,
but also in tender consideration of the
Lords poor"
On April II, in an interview, Proctor
Knott made the following prophecy:
What suspect Carlisle will do is this:
When the goldbug crowd at Louisville |
see the utter folly of longer attempting |
to keep the discussion of the currency
out of the state campaign, they will ar
range a big hullabaloo in that city for |
Carlisle's benefit. He will go there and |
make speech already in type before
he leaves Washington. The goldbug |
press all over the country and espe- |
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