The advocate., 1896-01-29

AAAODAS SCgA@BV OAA HNo9 RASAAS9 SNA P"NHSO
and private indebtedness, and our enor-
nous taxes shall be paid henceforth in
values Of labor and property shrunk
nearly one-half in debt-paying power.
THE REMEDY.
What is the remedy? I answer, take
the best for which public sentiment is
now prepared-abandon gold resump-
tion-pay out the coin boarded in the
treasury in extinguishment Of the bonded
debt-reissue the grepnbacks heretofore
withdrawn from circulation, and make
them all receivable for customs throw
open the mints to the unlimited coinage
Of the old silver dollar, and issue certii-
Gates for silver coin or bullion &s we now
authorize their issue for gold. Prices
will at once rise 20 at least the silver
level, which is about 25 per cent. higher
than the gold level. They will not rise
high enough to do full justice to debtors
and taxpayers, but enough to set all the
wheels Of industry in motion and reani-
mate the stagnant energies Of our peo-
pie. Then, by stopping all increases Of
the bonded debt, by taxing large in
comes, and by substituting greenbacks
for bank notes, thus saving twelve to tif-
teen millions year of subsidies to ma
tional banks, we will rescue the masses
from the hardships and degradation
which yet await them under the present
rascally system Of finance.
Gentlemen appeal to us not to stand
in the way of the achievements of gold
resumption. Sir, it is because Of its
achievements do oppose and execrate
it. 1t is achieving total change in our
industrial life, the upbuilding of few
great establishments controlled by giant
corporations and millionaires, in place Of
thousands of smaller industries con-
trolled by men of enterprise but not of
fortune, the degradation Of millions Of
self-dependent business men, and of pros
porous and rising wage-men into con-
dition Of servile dependence and poverty,
while aggregated wealth, usurping abso-
Lutte control Of our manufacturing and
commercial interests, is teaching US, as
it has taught the masses in Great Brit
ain, that vast riches, won by the tOileFs
and seized by the idlers, is not blessing
but horrible curse to the people.
Sir, I would have no such national
splendor or prosperity; and therefore |
resist this foul scheme to sweep the for
tunes Of the millions into the laps OF the
few. I seek to have the burdens of debt
paid in values of labor and property just
to debtor and creditor. | wish the bur
den Of taxation lightened in the only
way possible-by rise of the prices OF
commodities which must be sold to pay
taxes. want no communism, no rob
berry Of the few by the many; but still
less do want that which is far worse,
the robbery Of the many by the few.
The money kings of New York, and
London, and Hamburg, and their legions
OF mercenaries, may shout themselves
hoarse against this agitation, but it will
60 on in contempt Of their sophisms, abuse
and threats until an honest settlement
shall be accomplished. Whatever needs
to be done to effect it 10iU be done. A
free and intelligent people will not sub
nit to wholesale robbery and degrade
tion. A hired press may obscure the
issues; party henchmen may ignore
them; money may buy votes Of robbed
and starving Esaus; but all this will only
postpone settlement Of the greatest po-
litioal and social question of our day.
Welcome agitation! 1t is the extir-
pator Of abuses. Let 1t go on until the
people, aroused to the magnitude Of the
issue, viii so legislste as to discharge
their present burdens in labor and prop
erty at just values, and until they estab-
lish q permanent national system of
currency which will equitsbly distribute
the proceeds Of industry between labor
and capital, wealth producer and wealth
holder. Believing this gold resumption
anhama Ia the crraak nhntnnla To annh q