Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1896-02-20
HUTCHINSON, KANSAS, THURSDAY NOON, FEB. 90 1895


IS money In tho everyday affairs of the
people. Now, ask any man hero who has
Q solntllla Of honesty in his heart or In his
brain to toll inS tho difference between the
promises Of this government, and II ono of
hem, which would relieve the people, Is
good, being today mt a premium, In tho
name Of fairness and honesty, why should
thoy wish to retro greenbacks and put out
ilhother promise that will bear INTEREST,"
IN whose interest is such a scheme
brought here but that OF tho mOney0d
classes, who arc today rolling in wealth.
The Idea Is to sink deeper in the hog Of
pauperism and poverty tho sweating, toll
Ing masses, the farmers and other labOrgrS,
who arc to pay the interest and redeem ths
bonds at som9 future time possibly.
A we'll Informed man on the naval com.
anittce told me day OF two ago that by
actual computation there were 1000 mil
honaires In America, whose aggregate
wealth averages 100000 apiece. That
N 924, 900, 600, coo owned by 1000 people
He Said 1t was going to CAUSE trouble.
think his hoad Is Lowell. 1t Is going to
cause trouble, and n deal OF trouble, be-
cause they have stolen It, most Of them.
II was obtained by ubiquitous laws In favor
Of classes and corporations and against tho
masses, and there has got to be a reckon
Ing some day.
1t Is not saying too much and l feel
warrans1t in charging that the derAnge-
menS in our finances and all this cry
about sound money and maintaining the
credit and honor Of the United States aro
I'll part and parcel of damnAble scheme
II robbery, which had for its object, first,
tho utter destruction OF silver as u money
motal second. the increase Of the public
debt by tho issue Of bonds payable In gold,
and, third, tho surrender to corporations
u tho power to issue all paper money and
give them monopoly of that function.
Facts About Silver.
After tho enactment Of tho Sherman
law, in 1890, 1t was supposed that the
price of silver would rise and tho ratio be-
tween the two metals, Hs bullion, would
be approximately restored to tho legal rR
slo. That law has been defined by tho
senator from Ohio as 'makCshift to keep
down FREQ coinage" Tho Democratic
platform denounced 1t as u "mnkeshiit"
for FREQ coinage, and the silver Republic
ans-mind you, instead Of this senate be-
ing divided up and down that way, 1t Is
getting divided across this way Thank
God, for we Of the south on this side have
bean down below, under the heols Of Op-
prosSion, and We are glad to ilnd that west
| Of tho Mississippi the CALLED jade wlncGs,"
and, that tho collar Of serYitude which
has been fastened around our necks and
hAs been there for 30 years Is beginning to
make your shoulders rnw-the silver Re.
pnbllcans, who had been banboOzled into
accepting it AS compromise, hoping that
10 would provide for the absorption Of the
entire American silver product, found
| themselves oyerrcaChed and deceived. 1t
cannot be denied that the object of tho
| law was to increase the priCo Of silver and
restore it's parity, and this must be borne
| In mind when we come to discuss Its pro-
visions. Whilo tho struggle was going on
In congress between the silver and antisil-
YER forces, and it WAS thought probable
that the free coinage bill would pass, sill
YER steadily rose in tho markets Of the
world, and 1t did not begin to decline UNI
til month after the passage Of the bill,
at which time it was III, within 12 cents
| or the ratio OF 10 TO l,
| 1 desire to call especial attention to this
fact rs an answer tn TIM assertion, SO
| freely made and so often repeated by gold
bug papers and orators, that Legislation
does not affect the price Of silver, and that
VIC would sink to q silver basis alongside
of Mexico, China and Japan and have only
| 80 cent dollars II silver were restored to
its place alongside Of gold. Tint Is q
stock argument. We have heard 1t this
week right here in this chamber. 1t will
como in hore next week. 1t will come In
here whenever anybody gOts up to speak
on the Other side.
But when 1t was seen that this country
was still controlled by monometnllists the
prico of silver bugan to drop and went
down, down, down, below oven the price
which ruled before tho enactment Of tho
Sherman law. There was still disCrimi-
nation against tho white metal. 1t did
not hayo free coinage as gold, but 1t was
commodity, not money. 1t was discrimi-
mated against by Legislative enactment
and hence tho fall. The silver Republicans
| of the west, who had deserted the silver
| Democrats Of tho south and accepted tho
compromise offered by Senator Sherman,
may take warming as to what fnith or
trust they can put in any utterances or ac-
tions OF thoisenatOr from Ohio as tO legis-
lation in regard to our finances. II they
arc honest in their assertions that they feel
tho welfare Of their states and tho welfare
of tho masses Of tho people depend upon
the restoration of silver to equality with
gold, they should be prepared to cross the
RublCon and fight this battle to finish
undor whatever banner shall promise vic
tory and relief. Partisan political Atfilia-
tions and sectional feeling no doubt large
ly influenced their action In 1890. The
time for another presidential election up
proaches. They must understand that the
election Of any man to the presidency who
yotiId veto free coinage bill means de-
feat. It means more. It means continued
disaster to our industries and increased
poverty to the masses OF our people.
J., Conspiracy For Gold.
II tho secret history OF the year 1899
shall ever DO written, It will disclose the
fact, which cannot BE- proved now, but OF
which have not the slightest doubt, that
tHe gold ring Of New York, which en-
braces nuarly all tho bankers In the eastern
and middle states and tho stock gamblers
of Wall street, controlled the presidential
nominations Of both tho Democratic and
Republican parties and had an under
standing with the managers, or with both
tho candidates themselves, In regard to
what policy should be pursued toward our
anAnccs. They contributed money for tho