Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-06-15
EN.J.S.COXEY HERE
Interview With Tho EfSt. While Leader
Of COmmOnWsal Army Fame.
WILL SPEAK AT sALraIR Arsp.m.
ItiIs Why There IL Industrial De.
preston aud Offer. a Remedy
for the Ills Of National Life.

General Jacob 4. Coxey, the srsi-
"hlle leader OF oommonweaI army
lame, IL Ia the city. He Will remain
mere until tomorrow evening when he
VIII resume his homewari Journey for
Massiiioni Ohio, where he publlsho, q
semi.woekly paper, the title Of which
IL Coxey's Sound Money Journal. Mr..
CoHey will speak Mt Ssltair 1t 8 O'Clock
THIS afternoon. In the language OF
Henry w. Lhwrsnce ho will fire tho
hfst gun Of the Populist campaign in
Utah this year. The remainder OF tbs
campaign, he says, will wax warmer
and larger than many people imagine.
Mr. Coxoy began his weatern e1pedi.
tion on May last aud gradually made
his way to Oregon whero he delivered
sixteen speeches. From there he went
TO California aud delivered ak moro,
after which he came to Utah.
General CJxoy 1. scarcely tho kind
Of "a man one would expect to see.
Certainly he IL not the anarchistic
looking individual no has been Mo
iured, He IL q years OF age, mild.
hammered aud earnest. lie IL very
deslfouH OF being quoted correctly, aud
requested the NEWS man to read his
notes 20 bin before he would consent
70 thtit publication. Touching on
drncral politics he sAii MoKinley,s
nomination wasn fofegOne conclusion;
a
movement from the beginning and
that II was Huto to win ~ III. Louis
u nowhere elise. The Democratic
party would without doubt declare for
Tree silver ut Chicago aud nominate a
silver man Tor President providing
Cleveland DIDN'T "get oil" something
ABOUT spain shortly after the 81. Louis
convention which would throw the
country into tumult ami get the pso-
Ils worked up. The conditions be-
tween spain anu this country are OF
such character, CoKey thinks, that
an ultimAtum from President Cleye-
iAnd would result Ia his te.nomi nation
IN spite OF all other issues, The aenti-
meat would spread like wildflte. The
people would be- carried away and
Cleveland would not only be- re-nomi-
nalod but reelected as the gold power
OF the East II behind him, aud In case
OF serious trouble all or nearly all OF
thelt innuenee would DO thrown his
way which, together with the pros pee
tive sound Of drum anu nie, would do
the business,
"cnANGE THE MONEY SYSTEM"
On tue currency question he said:
"Cnanso the monetary system aud We
VIII nave better times In the United
states, tho best ana most fruitful
OF all counties. Let mo tell
you few things. At present
there are between 1900, 900 anu 1000.
OuO OF people out Of emplOymelit In
this country. Theee men aud women
represent general dependence OF
.OiOOO,OOO souls. All the membera OF
THIS vast army are, or ut least they
should be, consumers OF the products
OF tho nation. Az II 10 they arc con.
sunefS ouly through charity. They
are dependent whore they should DO
independent. Now what IN the cause
OF TINS state OF affairs you will ask. In
a nut shell the answer 10 the monetary
system.
"ln 1898 we had 81 200, 900 900 OF all
klnls ut money In circulation. One
thousand millions OF that actual money
was Ia the hands VI the people, Alter
paying debts the surplus money as
Tulo was deposited in banks. These
lopoelts were loaned by the bankers 10
Tue manufactures and employers. The
Dhlhnce OF actual money was $780,
IOO,VJO held Ia reserve by tho banks.
On tue Diner hanl, these financial In
s1lu1lOns created another kind OF
money - commercial paper. Thus
notes and ohecks became the chief
medium OF OK lA.ge. Ia 1893
Tho banks discounted $4,000, 600.
poo Of commercial paper. DO YOU
Iealiz, what that meant? Itmsapt
hat thetu was 50 OF credit money dis.
counted by banEinR Institutions based
ipoh u OF actual money. The only
money being used to exchange on com.
nodlIies was tue 81 100000, 900 In tho
lhnds Of the people anu Ia the banks
IS deposits. WHAT was the RESULT WIS
he now historical panic.
LABOR SAVING MACHINES.
''.Sow tue question OF th,., lain,
aViug mathluus. Mind you 1 am not
IN enemy OF progress. | endorse and
Encourage II. II thu proper lesson M
ioduced irom the great iaysntions Of
.ut ago II viii result 10 general happl.
itss and sOluti0u OF tue eighthout.
aw. The people thrown out OF en-.
'loyment by these machines should bs
'iVen work by the government. Thsy
mould be put to work mscadAmi1lng
no public roads, beAuIifying the
'atks AND erecting public build.
nRe, Under no circumstance
hould they be required or allowed
o work more thsn eight hours daily az
temuueTasion OF not less than 1880
.er Jay.
MuNicirAL oRDISAECE.
"fhu municipalities should own the
tFeel car, telephone, telegraph, water
ystems sod electric light aud gas
innlH' To purchase these they shouIu
ond the city Tor tho desired amount
Without Interest. Tho money could
% borrowed from the government and
aid back In twenty-five years at m.
ate u four per cent annual payments.
WY, uon't you know, thAllthe profii
rom government ownership OF thess
tuat interests would bs suflolent no
ay tue eHpen'ta OF cOnduuting mu-
icipalityP This woull ultimately ne.
ut IN the abolition OF taxes.
CITES AN INSTANCE.