Owingsville outlook. [volume] (Owingsville, Ky.) 1879-192?, 1896-08-13

has been called upon to organize
the Democratic party therein by
selecting a Democratic Executive
Committee, and other officers.
On Saturday, August Is, 1896,
at 2 o'clock p. m, solar time, there
will be, at the county seat, in each
county in this State, mass-mcet-
ing of the Democrats Of Kentucky
who still adhere to Democratic
principles and are opposed to the
declarations, doctrines and candi-
date of the recent Chicago and ST.
Louis platform which meeting will
select delegates to the Democratic
State convention, to be held at Lou
isville on Thursday, August 90, at
2 O'Clock p. m, solar time; and
which State convention will select
delegates to the Democratic Nation
al convention, expected to be held
about September 2, 1896, at the
call of the Democratic National
Committee, which is to meet at In
dianapolis on August Z for that
purpose.
We believe that no more serious
condition, or urgent duty, has been
before the Democrats of Kentucky
or of the United States than will, by
this movement, be submitted to their
thoughtful Judgment. 1t calls for
immediate thought and action. No
Il i'll al
great panic and depression from
which we are still suffering was caus-
ed chiefly by the growing mistrust
of our financial integrity as a nation
and Il people, induced by the belief
of the world that Il controlling pOr-
ton of our voters are in danger of
being tempted to this lawless course
of currency debascment and repudia-
ton. No one doubts that the restO-
ration of prosperity and the revival
of business will come when conf
dence in our integrity is SO restored
as to induce the world to again trust
us, and again pour that wealth into
our lap that has been for over three
years in process of constant with
drawal, as from bank of suspected
integrity or sOlvency. Nor can any
one doubt that the present agitation
for partial reputation is but feeding
the disease it has caused, and pre-
venting the return of prosperity.
But the sober second sense of the
people will prevail. The many mil
lion people who have carried for
years life insurance policies, or paid
dues to mutual benefit associations,
or industrial insurance associations,
and who have sought thereby to Sc
cure provision for their families, must
realize that If these POpulist princi-
pies prevail their families may re-
ceive, in deprecated silver curren-
cy, only one-half the value that they
hoped to provide. The four millions
of laboring men and women who are
depositors in the savings banks of
the country will realize that their
savings may be cut i'm two, and only
half the value repaid to them in de-
preciated silver currency. The three
million five hundred thousand per-
sons who have deposited i'm the banks
of the country must realize that to
pay this bounty to the owners of sill
yer mines and bullion may involve a
loss to themselves of One-half of the
value of the three billions of money
they have on deposit, and which will
be repaid i'm debased silver curren-
cy, worth fifty cents on the dollar.
1t is known that the total insurance
held in the various forms, and which
will become payable to the people OF
the United States, amounts to about
| SIC, 203 so, 357. If this movement to
debase the currency prevails, the
value of that, to the widows and
children, may be reduced to one-half.
There may thus be loss of over So
000, O0O, 600, nearly double the amount
of the entire national debt created by
the United States during the war OF
1861, and half as great as the value Of
all the railroads in America. 1t is
known, too, that the total deposits
in the banks and trust companies are
about S5,353, l3S,52l If the POpulist
candidate "enforces his platform to
tho letter." one-half of this value
may be lost-a loss equal to the ruin
of another civil war.
Every working man who receives
wages from a solvent mandatory
railroad or other employer must re-
| aliZe that this movement threatens
the ruin of his employer and the loss
of his own wages. Everyone who
holds a note or obligation for money
loaned, or property sold to another
must realize that, if those principles
prevail, he may receive back but hall
the amount he has loaned or sold his
property for. Every laborer who
works for wages, every emplOye who
works for n salary, must realize that
he will receive, in a deprecated sill.
yer currency, only one-half of the
purchasing power he now receives
Every man who has something tC
lose in the world, every man who, by
industry and self denial, has accu.
mulated money for his old age or fol
his family, must realize that those
doctrines, if allowed to get control
may yet deprive him of half its value
Our distinguished Secretary of the
Treasury has most solemnly warned
| the millions of workers of this indus
trial nation:
| "The American laborer has q right
to demand pay for his work in as
good money as the employer receives
for his products in any part of the
world, and when he surrenders this
right he is doomed to the same fate
that has already Overtaken his broth
ers in the silver-standard countries"
When, to the Bryan plan of flat
money and reputation, and the UNI
limited right of the silver miner I'd
the free coinage of his 80 cents of sill
yer into legal tender dollars, there is
added the Altgeld and Debs scheme
of the right of unlimited riot over
the property of others, accompanied
with sinister threats against our
courts of justice, it is difficult to fore
see the limit of possible disaster in
vOlved in the menace of that plat
form being enforced to the letter."
The choice is between the old DEM
ocratic party and the teachings of
Jefferson, jackson, Benton, Tilden,
Cleveland and Carlisle; and new
party, taught by Altgeld, Tillman
and Bryan. To us the choice is an
easy one to make.
We east no reflections on the sim
certify of those who may believe it
right, or believe 1t to their interest,
to advocate to the people these I'M
tried, dangerous and revolutionary
theories. For a long time tempta-
tions, in the form of attractive, but,
we believe, delusive, promises of re-
lief from financial distress, have been
offered to the people by POpulist cam
L 4 H..