Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-09-25
way PROSPERITY AALrs.
what u Costs the People to Maiutaip
tho 0old Standard.

Poverty is increasing. WITH increas.
ing poverty there is more crime. Sui.
cides are more frequent and despair Is
displaclng hope. The wculth OF the
world Is drifting under the control Of
The few. Department stores are ruin.
Ing the small shop Keepers. Syndi.
cates manipulate our industries. The
independent farmer hns become n hope
less toilcr. The day luborer sees moth,
Ing ahead but u hnnd-to-hand strup-
gle for existence.
Something is wrong.
The days arr just ns long, the soil s
just AK productive, the sun shines jus,
as brightly and the rains arc Just M re-
freshing. Our housewives nre far more
economical nnd the opportunities for
bcttering our condition should not bc
fewer.
Still. prices ore falling. Real estate
Is poor Investment. Business enter.
priscs far more of rcccivcrships thnn
profits. Mortgages are being fore.
closed md deficiency judgments en-.
tered. The courts are busy running
bankrupt railroads at the instance of
bondholdcrs. Money Mt interest at
three per cent. IL more profitable than
In employing labor IN industrial en-
tcrprises. The nation Is q constant bor-
rover, aud, although taxes arc an en-
eesslvc burden from the national gov.
crnmcnt down to our MUNICIPALITIES,
the public revenue Is Insufficient.
This sort of thing hns been going on
for more thnn 20 ycors.
Unless things change thcrc Is no Ger.
f.n E..a
bankruptcy.
The excuse given for the dcplornblc
state of Affairs by those who advocate
the gold standard is that there has been
overproduction. In other words, we
have been made poor by reason of hav-
Ing too much wealth. People urc stary-
ing because they have too much To cut.
Rnilronds arc going into bankruptcy
because there are too large crops TO
move. Men nre !;l rags because the
sheep hovc produced too much wool.
The conditions that exist are these:
AIl men would like to have on hand
plenty of hour. From the gold mcn's
statistics the supply OF wheat seems to
If adequate. The men who own the
Wheat would like 10 exchange II for
|
wheat have M money 10 give IN cx-
change. Real estate hus fallen in value
until no one cum readily tell what Il Ia
worth. There are numhcrlrss people
who would like 10 own homca, md
there ara plenty of people who would
like to Scll land. But the people who
wnnt homes cannot raise the money 10
exchange for the land. and the result Ia
very unsatisfactory Ia both parties
| There are hundreds Of thousands OF In.
dnstPiOus men and women who would
Ike to make mn exchange of their labor
Tor money. In order fo cXchnnpe the
money thus received for things which
thcy> really need. but the owners of
money cannot find profitable invest
mcpis upon II falling market und hence
hoard II In bnnks or loan IT. nt Interest
nnd the wording men and the wur,ing
women go without employment. Horses
are ridiculously cheap, und many people
would prefer riding to walking. The
men who own the horses need money
and would like TO sell, but the muss of
the people keep on trnmping. far some
could not afford II horse. cvcn 81 hc
could he purchased for two bits.
We have, then. plenty OF labor which
Us seeking II market We have munifold
opportunities awaiting the touch of
money to spring into bcncnccnt life.
We have an amply supply of the ncccssi-
ties of life. and yet. with bursting
grnnnrics. there are needed more pau
)cr houses. With ample wealth on every
hand there Ia u demand for more police
men to club down crime born of sq,inlor
and misery.
On the other hand. gigantic fortunes
have been accumulated in the hands of
few people. While hundreds of thou
sands suffer, II is possible for Whitney,
through the magic OF his wealth. to
transform 1000 ncres OF wild land into
@ pleasure garden for his children In
less than 20 days. Impccunious lortlsDf
the old world have 10 difficulty In OK.
changing their titles for the daughters
OF our miilionaircs while many honest
worhingmen cunnot sell their labor NJ
my price. Tho benchcinres of this
vicious condition insist that IL shall
continue ,pon the falsc plea Of 'honcs;
money" The peculiar advantages which
they secure may bs the reni reason why
they dcnounce their suffering fellow.
countrymcn as ''anarchists," and vio-
lently rail because cry OF distress
sometimes rings above the chink OF
their gold. as other people suffer ihoy
gain. The distress ofthc governments Is
their source OF profit, Take. MS an Illus
tration. the story of The great bond syn.
dicatc. ns told by gold paper of New
York city on February 81. 1906. The re-
snlt of the figures produced is astound.
ing. This is how the account stands
between The government. the reprcscn-
fativcs Of the people and the syndicate:
Face OF .sG2 SIS 0na
Syndicate premium Mt lO4. 40. ..,.... 2fa7.NiS
United States Observation-Disclosures 65.ii.9i3
Syndicate profit TO ll25O......,. 4,S35,fjj
What inside jobbers pny........... 6aieshS1
Inside jobbers profit TO lis. ........ 3.5SS,ii3
The public pay and the United
states should have received. .... 3D. 200
Cnited States iost................. 84iS757
PROFIT AND LOS9
Eeinuont & Morgan buy .62.sl5ooo
r,elrIont- & Morgan sell S62.si5.Oo0
ut ll2.2S. ..........,.............( GO DiS 5e7