The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1896-01-15

the rate of sI7, S94,4 per ounce, payable in
United States per cent. thirty-year cou-
pom or registered bonds, said bonds to be
dated February |, 1895. and payable at the
pleasure Of the United States after thirty
years from date"
This idea of buying coin at bullion rates
is no donbt dictated ty some Interior pur-
pose that will come tc the surface some day
to plague and plunder the people.
Nj. Speaker, gold bullion is commodity,
and, under any construction Of law, Secre-
tary Carlisle could have issued bonds Us
legally for so many ounces of pork, beef,
wheat, or cotton. 1t is time such fragrant
violations of the plain statutes ceased by
those whom We trnst with importaut posi-.
tions. for f-they will not obey the law how
can obedience to the law he demanded Of
their subordinates?
Mr.. Speaker, the provisions of this bill
as first presented would, under the rulings
of the Secretary of the Treasury, have re-
States notes or greenbackS This was no
doubt the intention of its origlnators; but
fearing exposure aal defeat, an amend
ment declaring against such action was
added. These greenbarks have been doing
| service lOl LULU Iudu u IuI1O Va q SCdtUA -
and never, until the present administration
permitted them to be used as the tools OF
alien money lenders in raidlng the national
Treasury, have they given rise to any conf
plaint. These sreenback costs the govern
ment but triae, and burden the people
with no interest If the Secretary of the
Treasury were to establish an American
financial policy and in doing so obey the
| 81, II -. M
continued use Of this form Of currency
would vanish. These United States notes
during their long existence have saved the
people of the nation moe than 500. .G00,
600 in interest," and are at the present time
the favorlte currency of the people. In my
opinion they should not be retired, but
permitted to continue their work of faci.-
itatiDg business.
am opposed to the issue Of the proposed
certificates of Indebtedness, since they
bear interest and cannot be used in the
channels of trade. Instead, LEI silver cer-
tifcates against this vast horde OF idle sill
yer in the Treasury be Issued. SIch certi-
fcates would bear no interest, become no
burden to the people, and would readily
become absorbed in the exchanges of the
country. They would increase tue volume
! OF CulfCnCN Iutl W lC'iI CALSbG cSSISL AZ
people in their almost hopeless struggle
against general bankruptcy. The people
10 not want another bond issue. They
know what it means and fear the result.
They know it means harder work, less
comfort Of life. and lower prices for the
fruits of their hard toll. They are in
financial distress now and ask for relief
from their present burdens instead of be-
ing loaded down with more.
This relief must come, and in my opin-
ion qaickly, OF CREST danger threatens this
country.
Mr. Speaker. where is the end? Selling
bonds does not rep!enlsh the Treasury un-
der its present administration. The Jug
elery of these financial deals is apparent
and the rapacity Of those proiting by them
seems to have DO limit. 1t is estimated
that the total value of all the property in
tee Uaited States Is about S6500O,0 ,0OO, 900.
At least fo,ty-fve billion Of this has already
been appropriated through bond dealing
and stock watering by The capitaliStic class
At the present rate it will not be long be-
fore they will have the other twenty bill.
lien. and the entire property OF this
country Will be represented by paper
securities, upon which Interest anG divi-
dcuds must he paid by workers to drone
capitalists.
The producer and man who works with
his hands pays for everything. He is the
luulsill, ana without his toll stocks, bonds,
urd factories become va!GeleSs.
II these bonds are to be continually
issued, and the public and private debt Of
this country increased at the rate that Las
obtained for the past two years, our entire
wealth within ten years will be represent
ed by interest-bearing securities, and the
seat of our government transferred from
Washington to Wall and Lombard streets.
The people will no logger rule, but will be-
come the mere serls Of bondholdng class,
"who toll not, neither do they spin"
Wages under such conditions Will be the
pittance necessary to sustain life, while the.
wealth created will go to swell the hoard of
those already monstrously~ rich. The pic
ture is not overdrawn, and unless our peo.
ple are aroused to comprehension of this
inionitous system no one can toreteli the
calnmities which await us in the future
The masses believe that finance is the
paramount issue aud no amount o; deep
ton or sham battles over the tariff is going
to deter them from settlement of this
Question before ull others. For the last
thirty years the people have been divided
on the question of tariff and marshaled
into two hostile camps, while the money
owners have fastened upon us a financial
policy which has brought the country to
tue verge Of bankruptcy.
want these bond dealers to push their
schemes to the uttermost limit as rapidly
as possible, for the sooner then will the
end come. When rulers become mad with
power, their fall is near.
Napoleon, intoxicated with success,
sought to rule the world, but he died on q
speck Of rock in mid-ocean. far from the
scenes of his success and glory.
Had he been satisfied with reasonable
amount of power, Europe would not have
been conyulStG with carnage and st.
Helena never heard the heart-broken sigh
Of en- exiled and dying monarch:
History teach tue lesson that centrali-
zation of wealth and power maT, like the
tower of B4be stand for q while. bnt the
law of cravitation deieS the one rs surely
as inst!ce decentraliZas the other.
The masters OF to-.lay lecome the Ser
wants of to morrow; The coaqnevors become
conquered.
Selfish ambition and love OF unneesurel
power overthrow the Caesars and NapoleonS.
and day of reckoning will come for the
Rotnschlls, the Shermans, and the Cieve-
lands.
MIR. Speaker, am oppose! TO the farth
er issue of interest bearing bonds, bnt an
in favor of the free and unlimited coinage
of silver at Il ratio of IS to l. II We nlay
believe the press Of the country, bonds will
soou be isSue. in the same c!en.!estne
~ l..t .itl.r
knowledge CT consent of the people or the
| legislative branch of the government
To-day gold is at a premium of Ia per
cent among tie money changers cf Wall
street. This reduces it absolutely to
commodity instead Of a met|inln Of ex-
change. In this We see that no matter
which way We may turn, either towar'! u
war over the boundary line of Eeufznelu,