The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-08-02
"HELP NE, MARCUS AURELIUs."

vention as a delegate, Cleveland was
nominated without his aid. The plat
form was understood by everybody to
declare for the coinage of both silver
and gold upon terms Of exact equality,
Now Cleveland and Whitney are hand
i'm glove with Hannah to elect Mckin-
ley and fasten the gold standard upon
| the country.
Even the Republican platform adj
mits that bi-metallism is good thing
| but we must wait until England is will
! ing. But why should we wait?
| Our population is greater than that
OF England and Frances combined
wealth, seventy billions. We produce
! from one-fourth to one-fifth of the
worlds wheat, half the corn, three
fourths of the cotton, and the greater
part of the pig iron. Our country is a
little world in itself. We can force BIZ
Imetallism Statistics show that the
worlds production of silver is 20S,000,-
1000 ounces. OF this the United States
contributes II, Mexico 81, etc, outside
| void As millions Consumed in arts,
manufactures, etc, by the outside
! world 80 millions I'he balance is
! bought by the governments of the
world and coined at a great profit and
by so doing the prices OF our products
are being reduced to starvation prices.
! Mr.. Watson said he. - fetted to say
there were some Democrats who hoped
to crush silver by voting for Mckinley.
He warned them that they were max
ing a grave mistake. If they help turn
/ oose McKinley's hundred greedy trusts
and an army of fat-fryers upon the
people. there is no telling where the
/ present trouble win stop. Mckinley
ism is the essence of all that is vile
in the RepuUncan party, and the South
ern man who votes that way is playing
with dynamite.
/ At Chicago the Democratic party put
! forth a new declaration of independ-
Ience. 1t is the best platform, and
means more to the toiling millions
1 than any that has been framed in 40
years. There is no hope in the Repub-
lcan party 1t is for the gold stand
ard forever if England viii not consent
/ to bi-metallism.
! Mr. Watson next took up the income
! tax He declared it to be a righteous
/ tax All it asks is that wealth shall
bear its Just share of the burdens OF
government. The more man owns,
/ the greater is his need Of protection.
/ Rockefeller is reputed to be worth
1925, 100000, half as much as all the
taxable property in North Carolina;
yet he pays taxes upon only $500 900.
| Russell Sage is forty times a million
/ aiIe. yet lie pays taxes on but 100000.
The constitutionality of the income tax
was affirmed six times in the course Of
/ a hundred years. The present Sui
Ipreme court reversed it by a ma iOritY
h ,,atf, p AL
The people should vote for no man who
/ will not pledge himself to have this
/ law restored.
Mr. Watson handled trusts with
gloves off. He denounced them as &
/ pack of ravenous wolves. He scored
! the American Tobacco Co. without
mercy. Rockingham is noted for the
/ production of ripe, waNy filters, he
said, and our people had seen the price
Iof these goods reduced to one-third
| the old time figures. Why? The
! American Tobacco Co. is selling its
Battle Axe plug for 13 cents pound, a
heavy loss, to break down our home
factories. They cannot compete with
the trust without reducing the price Of
the leaf.
The Nail Trust wrings a profit of
800 per cent. from the people of the
/ country Mr. Watson mentioned 9th
er trusts fhat were bleeding the people
and showed the hypocrisy of the ma
tional law against them. drawn by
John Sherman. A four-horse wagon
I loaded with hay could be driven
through its loop holes, he said.
If the people are wise. they viii see
to II that no man g0es to Congress
who is not unaiterably 0pD0sel 10