The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-10
HOBART TALKS PLAIN
Continued From First Page.)

ests becomes the more strikingly appar-
ent when considered in the aggregate.
Stated broadly, the savings banks, life
| insurance and assessment companies,
| and building loan associations of the
| country hold in trust 5,309, III, 3s1. The
debasement Of the currency to silver
basis, as proposed by the hicago plat
form, would wipe out at one blow, ap-
proximately s7,963, 504, 1856 Of this aggre-
gate. According to the report Of the
department. of agriculture, the total
value Of the main cereal crops in this
country in 1894 was 1895, ass, 107. So that
the total sum belonging to the people
and held in trust in these institutions,
which would be obliterated by the tri-
umph Of free silver, would be seven and
half times the total value of the an
nual cereal crop Of the United States.
The total value Of the manufactured pro
| ducts of the country for the census year
OF 1890 was S9,372, So, 2S3. The estab-
lishment OF silver basis OF value, as
now proposed, would entail a loss to
( these three interests alone equal TO IS
per cent of this enormous output of all
the manufacturing industrie. of the
Union. and would affect directly nearly
Ollc-tHlI1 Oh us WnOle pOpd4d tlOl-
PENSIONERS.
One hundred and forty millions OF
dollars per annum are due to pensioners
of the late war That sum represents
blood spilled and sufferings endured in
order to preserve this nation from dis
indignation. In many cases, the sums
so paid in pensions are exceedingly
small; in few, if any, are they excessive.
49, 1aSa ~
the extent of farthing is the same
that would organize sedition, destroy
the peace and security of the country,
punish, rather than reward, our veteran
soldiers, and is unworthy of the coun-
tenance, by thought or vote, OF any
patriotic citizen of whatever political
faith. No party, until that which met
in convention at Chicago, has ever VEN
tured to insult the honored survivors OF
our struggle for the national life by pro-
posing to scale their epnsions horizon
tally, and to pay them hereafter in de-
preciated dollars worth only 53 cents
each.
The amounts due, In addition to the
interests already named, to deposit
ors and trust companies in national,
state and private banks, to holders OF
fire and accident insurance policies, to
holders of industrial insurance where
the money deposited or the premiums
have been paid in gold, OF its equiva-
lent, are so enormous, ogether with the
sums due, and to become due, for
state, municipal, county or other corpo-
rate debts, that If paid in deprecated
silver or its equivalent, it would not
only entail upon OUT fellow-counfGy-
men a loss in money which has not
rce 11xaa1 81 1ax-
since the worh began, but it would,
at the same time, bring disgrace
to our country such as has never be-
fallen any other nation which had the
ability to pay is honest 6ebs. In our
condition, and considering our magnifi
cent capacity for raising revenues, such
wholesale Reputation is without neces-
sity or excuse. No political expedi-
ency or party exfgency, however press
ing, could Justify so monstrous an act
All these deposits and debts must, I'M
der the platform of the Republican par
ty. be met and adjusted i'm the best cur
rerlcy the world knows, and measured
by the same standard in which the
ddbts have been contracted or the de-
posits or payments have been made.
PER CAPITA.
Sti11, dealing sparingly with figures,
of which there is an enormous mass to
sustain the position of the advocates
of the gold standard of value, cite one
more fact, which is officially esta blish
ed, promised by the tr-uism that there is
no better test of. the growth of a coGIn-
try's prosperity than its increase in
the per capita holdings Of its popUla-
ton. In the decade between 1880 and
1890. during which we had our exist
ing gold standard, and were under the
conditions that supeqvened from the act
OF 1873, the per capita oWnings of this
country in creased from $50 to 81, 036
In Those ten years the aggregate in
crease OF the wealth of our country
was S2l, 49,, 000, 900, being fifty per cent
in excess of the increase for any pre-
vious ten years since 1850, and at the
amazing rate of over two thousand
millions OF dollars a year. The franz
eT-S of the Chicago platform in the face
1f this fact, and OF the enormous in
crease over Great Britain, during the
same gold stanard decade, OF our coun-
try's foreign trade and its production
of iron, coal and other great symbols of
national strength and progress assert
that our monetary stanas>d is mot only
un-American but ants-American," and
hiatt IL has brought us into financial
servitude to London" 1t is impossi-
bic to imagine an assertion more reck-
less and indefensible.
THE LOGICAL CONCLUSION.
The proposition for free and unlimited
silver coinage, CARRIED to its logical con-
clusion, and but one Is possible, means.
as before intimated, legislative warrant
for the Reputation OF all existing indebt
ednesS, public and private, to the ex-
tent OF nearly fifty per cent of the face
Of all such indebtedness. 1t demands an
unlimited volume of fat currency. fire.
deesnable, and therefore without any
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