The Dawson news. (Dawson, Ga.) 1889-current, 1896-06-03

good ooctor is only keeping up his rec
ord. The first time he approves of /
anything we are going to ship him a |
chrome.
DON'T stay at home next Saturday
and then grumble if things don't go
sour way,
IT seems to be pretty we'll understood
that congress will adjourn the latter
part of this week,
"Gold, in Its Last Analysis, Is the Sweat TO
the Poor"
To THE EDITOR of The News: A
learned Frenchman sand, great many
years ago, that 'gold, in its last analy-
sis, is the sweat of the poor" If any
man ever seriously questioned this prov
erb all he will have to do is to turn his
attention to what has been going on un-
der President Cleveland's administration
and be convinced of it's truth. Bonds to
the amount of 1852, 100000 have been
issued for no other reason than to keep
the purchasing power of money equal to
a contracted gold basis. These bonds
run for thirty years at four per cent. in
/ terest. GeOrgia's proportion of this in
terest-bearing debt is about $S,000,000.
At four per cent. interest it amounts to
$4,000 which will be annually collected
from the sweat of her toiling masses
from those who cultivate her red hills,
delve in her mines or operate her work
IL. j..
mortgage upon labor, and it is remarka-
''unit of all value filled our empty
treasury. The famous Comstock load
could not have done so in the same
length of time. Truly, gold in it's last
analysis is the sweat of the poor 1t is
claimed that these bonds were issued to
give the laboring man an ''honest do
lar" but the facts show that he gets
none of them. 1t is those who hold
government obligations that get them.
The working man, however, gets re-
duced wages and is often paid in what is
called ''card board money while he
works and tolls to support his family
and paw the interest ON this bonded in
debtedness. Before me lies newspaper
+ published in a mining and manufactur-
: ing district where rich Incorporated
f body employs skilled and unskilled |, :
Dor by the thousands. 1t states that this
rich company keeps commissary or
store where the lahorer can go with his
= ''card board" and buy what he wants, or
: he can sell it for the single
, gold standard and get from Is
to so cents on the dollar.
This is giving the laborer sound money
I Nom 1Optt - l.,
= that this company should be Gensured
too severely. The prices of their prod
ucts have fallen under the single gold
standard more than hundred per cent,
and it is impossible for them to pay
sound prices for labor. But it must be
remembered that those who live on fixed
inc )mes receive as many dollars as they
ever did, and that these dollars, in their
last analysis, must come from those who
sweat and toll at starvation prices. The
l condition of the cotton buyer, as we'll as
4 the wheat grower, under the single gold
standard is no better than that of those
Who labor in our mines and factories. The
following facts show how much has been
. extorted from this class of workers to
pay government obligations, and how
much more is still demanded to paw
| THESE claims. III 10 10, WuGH silver was
demonetized, the national debt was
81, los, OOO, OO0 Cotton was then worth
| 20 cents per pound, and at this price it
would have taken 100000 bales to
have paid it. Wheat was worth 81
per bushel and it would have taken
/ ,349, 900, 900 bushels to have paid thus
Indebtedness. The interest has been
paid and the debt reduced nearly two
thirds. CT, to be moIe accurate, to $780,
100000, and now it would take "a, ZOO, 600
bales of cotton at 7 cents, or if paid in
wheat at go cents l, 481 100000 bushels,
to pay it. It wou' now take more bales
of cotton or bushels of wheat to pay the
remaining portion of this debt, small as
it is comparatively, than it would have
taken at the close of the war, notwith-
standing the enormous amounts
that have already been paid upon
it, 1t is incredible that an hon
est dollar would demand so much
to satisfy this claim, and yet there are
honest lnen who contend that the gold
| standard is a true measure of value
and that we should keep on paying un.
til the debt is paid. But will some !
sound money man tell me how long it
will take to pay it at The present ratio? |
At the ratio at which we have been pSy-
ing it, the more we pay the larger the |
debt grows. That is to say, 1t will take
more bales of cotton or bushels of wheat
to pay it now, after three .fourths of the