The times. [volume] (Richmond, Va.) 1890-1903, 1896-08-15
urc

o. isaninc toward recognizing truth a""
sound argument wherever IT meets WIN
them and when fact is stated by 'he
head OF a "Trust" # is a fact with The
Times just as much as II 1t were s'a'co
bv hoG-carrier.
A Mr.. Francis y. Carley. who IS we
understand. one of the heads OF thal
giant monopoly" the Standard OIL Com
many. has addressed a communication 10
n number OF the newspapers Of the conn-
fry upon the financial condition Of the
day that contains as much sound sense
and clear argument as We have met with
IN any document for some time. Mr..
Carley is Iaying TO have his communica-
ton inserted in number OF papers, but
IT is so excellent in Itself that We shall
present some parts Of 1t TO our readers
without a cent Of pay. 1t is addressed
TO the nominee Of the Populist-Demo-
cratic party. Mr.. William ). Bryan, and
he begins by telling him that gloom
has seized upon every business circle and
anxiety has come to every home in the
heretofore joyous and prosperous city OF
New York since it was announced tfat
he was coming there. lie then con
unues:
We fear you. We believe you repre-
sent the worst elements 10 the country.
By your side we see Debs and those
who thrive when laws are broken; Alt
geld and those who strive 10 undermine
the courts upon which ne have relied
for protection. CoSey. aud those who
leave their homes TO tramp about IN
demonstration against established insti-
tutions; Faulkner, Linn. and others who
preach masses against Glasses" We
shudder because such men and the prin-
clples you represent have brought desc
latOn and devastation upon worthy peo-
pie IN every crisis OF human history
IL IS not because We believe many OF
our citizens would naturally favor the
dangerous policies you preach, but we
are anxious lest misguided honest voters,
under the sting OF personal misfortune.
may not be able 10 reason through your
theatrical rhetoric, or look beyond your
pious frontage at the demons OF disaster
which lurk behind YOU
That IS well and truly said. II is no
| longer, as we said yesterday. question
OF degrading our money or maintaining
IL at its present standard. Free silver is
now only means TO an end. The forces
behind the Chicago platform are using
free silver and its innocent well, mean
inc but Ignorant preachers, - inslr"-
mcnts for revolutionizing society over
throwing order. aud plunderng those who
hay. accumulated savings. THAT IS the
issue now before the American people.
# Is u case Of
with Atlar by his side,
Come hot from hell,
Cries havoc. ana let loose the dogs OF
war
Mr. Carley then states the causes q
present depression most happily. lie says
We realize mat We are IN d period Of
| industrial depression. Those Of Us who
have spent our Ewes in finance ana III
study of ecouc~1lc questions know that
this depression has been Worldwide. that
il fell alike upon those countries which
are on gold basis and upon those
countries which arc on a silver basis. that
periods Of prosperity and periods Of de-
preston have followed each other
through The entire history Of civilization,
that such alterations arise from the
effort OF mankind to conquer nature and
improve his condition. that periods Of
depression are brought about by natural
causes and can only be overcome by Il
more careful study of the laws Of nature.
and more careful obedience 10 those
laws. We know that Germany. France,
and England have recovered from their
| depression. and that our own country
Is held back only because the dangerous
principles you represent have doomed up
before us.
Mr. Carleys paper is TOO long for the
reproduction of the whole OF it, but We
cannot forbcar to quote the following
passages. suggesting that lie no doubt
means ,hat the men Of the dinner pail
own the railroads mentioned through
owning the savings banks, etc, which
own. the securities Of the roads lie says:
You talk TO the poor as against the
rich. but you show that you do not UNI
dcrstand the present distribution Of this
countrys wealth. There never were so
few poor people in any land as We have
in this land TO day. and those who are
poor are kept down only because OF ply
steal or mental defect Such poor will
bc always with us. So also there are
very few rich men in this country. and
IL is becoming constantly more difficult
10 acquire largofOrtunes. There has been
gigantic economic revolution in this
country In favor of money-saving, in
dustrious people. The present owners Of
this coUntry's wealth do not drive in
tie parks They are not conspicuous.
They handle pens and carry dinner pals.
Such men own all the vast deposits Of
the savings banks. they hold ultimate
grip on the life-iusurancc companies.
building and loan associations. and an
other great organizations. they own the
money IN the trust companies. the Amer
lean ownership OF our railroads Is in their
hands. The Chicago. Burlington and
Quincy. for example. which has helped to
develop your own State. is held in such
general distribution that the average
To each individual is only sixty shares.
They own the Industrial corporations.
The stock OF the American Sugar Refining
Company, for another example. is held
in such general distribution that the
average holdings are but ninety shares.
Tile fact is. these potentates Of the din
ner-pail own almost everything They
nave grown relatively rich with more
rapidly than similar people Of any conn
Try IN any epoch OF history. Nor have
such men ever before IN any country re-
ceiNed as large income as present wares
yield when compared with present COST
or necessaries % life. when Won attack
capital and rights OF ownership there
iore' you are attacking all Industrious
money saving men. As your policies
nave become conspicuous. they have