Pine Bluff daily graphic., 1896-04-19
Worlingmen the cre,,,.

chasing power of the flltf1re ',.s ,... tsIl E the American laborer. ii vsa9,,ssf Ss' fili 7 subject of the gravest inpoestts ret'a .... SUI but its importance is grea flss i,,aae i-,ise to the fact that the safety = ,3d ds''elea S.ls very conslderable part of his n sa}'is Hlss gre also involved. The tgeif, ss proyldent WQfkingnan. anffas,,ss1ssstli ssstli I when he may be disabled ar de @ds,sie employment, has endeavore9 +o asllii \ thing out of his earnings i, .O o,.sVe ssdVe3 vide for the comfort of his urisar i.aer N dren in the future, and has Iais tle ane at home, or deposited it in
 building association, or invastaa oaf lie insurance policy, or loaned it iI1eta II HnoIh ne has confidencs corporations and individuals 'Ir, I,a,.s an 2 custody of his earnings are ;ra il@ XII him, and ought to pay what tba,s ln Just as good money as he mi i,.. ow Y hands. Put mtg
 According to the latest renorts .,y ings banks in our own stafe hoia N N zo0 on deposit for 1902 people, or . ,e 1' age Of S2aI for each depositor ana .ile hoIe s country they hold $1,SlQ. 597 K d,sI5,5l9 people, or an average of ;Ss each depesitor. State banks tTnsa n panies and private banks hold Sl 9SH for about 100000 people and Sy1,e5., s.i banks hold $1, 1,701, 659, ,521 for 999 96a E itors, of whom 1,724, ,000 have lose ,s'3iv 4iSd to their credit. Besides these inst;A t.i;,. there are 6,00J building and loan a S tions in the United States. havina I,aOU,0u ShareholderS, male and <. who have paid dues in good 1 amounting to more than $500 10o o0o \ are nearly 700 of these associafian J: state of Illinois alone, and in fhasS tutions many laborers, men. wams
 even children, have deposited ever,5 they could spare. often denving tha1r
 some of the comforts of life, in nT lay up something for a time of peed7
 More than 7,500,000 of our peonIe taken out life insurance policies are now in force, amounting to Sl 1 Sz5, and have paid the premiums o5, year after year in good money. wI' mutual benefit and assessment anT Crative and fraternaI companies % sociations have 3, 800, 000 members. MI contributed a large part Of their ea1 to the funds held to reimburse loss8 tained by sickness or death. The 6 tons of these companies and assoaf to their members amount to S51Sf4 and the industrial companies in fheI States have a membership of 6,919. 5% insurance amounting to SS16. .e50. .67S dit1on to all the foregoing, and fl h s1 antly increasing How many lad men and women have taken out rlf CT otherwise contributed from their ings to insure themselves against I, accident while engaged Tn the prosa 0t their work, cannot be aceurateIv
 tained. but the number is known to b large. Debts Should Be Paid in Ioo-Cent D
 The banks, trust companies, build soeiations, and other similar tdtions, owe the people off United States to-day S5, ,S5S. .lsSl5 money actually deposited, sum eight times greater than the total tai of all the national banks in the co while the life insurance policies h the people in the various kinds of c ations and associations and in fefeeI amount to S10, 293, S04, ,357, q larger sun has been actually invested in all ot roads, and about 15 times larger til capital of all the national banks 1| Of these facts, which cannot be succs 1y disputed, l submit that you ougil ouSly to consider all the conseduen yourselves and your fellow -citizens. you agree to the free and unlimite; age of legal tender silver at a rati0e l, in order that these great corper i and associations may have the priVil discharging their debts to the peo paying 51 to 52 cents on the dollar, ft is exactly what 1t means. It is a lol mate to say that each one of the deps in savings and other banks and in bi i associations, and each holder of al suranee policy and member of |
 benefit and assessment assoeia ticl dependent upon him CT her an aver at least two other persons, and, if se. 1 jority of all our people are direetlyQ rectiy creditors of these corporal tiol associations and are interested { l preservation of a standard of valtses will insure the payment of their cfa as good money as they parted With l they made their loans or depositsq i their assessments or premiums.
 dollar the people put into these banl i trust companies and other institl and every dollar they paid for ifs{ was worth 100 cents and would proc cents worth of commodities in than when they earned it and when tle vested 1t, and they have an unquest{' right to demand that 1t shall be ref to them in dollars worth 100 centsA where. The adoption of any polic, would deprive them of this rights not only infiict an enormous less | them, but would so seriously impai| faith in the fidelity and utility ofsst l stitutions that attempts to accNf 1 and save surplus earnings would be | doned, or at least greatly discourag' long time to come.
 DepFeclaiGG SuFESHef " III DAAiiS @<@'
 But if free and unlimited coinaEe | gal-tender silver at the ratio of six1 1 one is esta bliShed in this country l large part of the money deposited1H | various kinds of savings institu tlQI not even be repaid in depreciateQ teQf 1 but will be wholly lost, because l reckless monetary system would ~ tate a financial panic, which yer | II any, of the Repositories, could sa i l doubt if there is single hhane stitution In the country that coulu l the pressure that would be immet made upon it by it's depoSitors aNQ 1 creditors, when 1t became apparep our standard of value was to beslo and our currency depreciated by Ifs' l age Payment of all our obl1gau uVt abroad would be demanded in gola 4| every investment of foreign capl i3 lat, country would be instantly Wltn9 l every man who owed a debt hs 1 abroad would be called upon. to all depositors in banks and othe1EA tions would want to withdraw tneif,' | at the same time: no loans could,1e' 1 tiated, and no credit Would he sffs cause no man would lend money 1 property on time when he kIiss ,<3 solute certainty that he would pfs1 1 q depreciated currency. Credlt9t%% not wait for the actual passas 9z H< | coinage law, but as Soon ds SuS tX<S had received the approval ol lAS at an election they would den,sznx sz X money, and if not paid they woa1as Des a;ss its collection by judicial procefe.aiiss.1ss is.1s
 the forced sale of property. ss s for you and me or anybody else 'oss s
 depositors in banks, and other Stx 4
 ought not to pursue thls co.li .s's 59 <}| 4 crisis comes, or is appreheniuee,,,s...t. s... < always have pursued it, and al W'tx {s6{
 unless human nature itseH stl's
 changed.
 Sound and Stable Money the sase
 Less than three years ago y993*
 financial, commercial ana lia e7ss' 5xs
 fairs violently disturbed by thSD3S&
 the government would not pc dna2 '535 *z'
 tain gold payments, and that ouaSf $s
 would descend to a silver pasis %s;
 the operations of industry ll a z
 banks failing, great ccmmerej,s5 mn ta [ 5s;s. E
 unable to meet their oeilga lId X
 seriously impaired, mills ana ana 5
 closed and thousands Of lapoa s4' '<5
 out of employment, and a sIas ni,, # l ,1 dor