Mexico weekly ledger., 1897-09-02

onoWcu uer proSr6ssiV6u6SS, uHtll Hn6
fell into the hands of the money
sharks. And here we come to the
country of countries, the great United
States, who, until 1878, followed the
wishes of their forefathers, who, in
the Consultation, provided for the
coinage of gold and silver. The in
fiuenee had grown up to 1873. Corpo-
rations had been ruled instead OF be-
ing rulers. The objection to the free
and unlimited coinage of silver comes
not from the people, but from the cor
porations, the millionaires and the
National Banks, the latter being the
biggest fighters.
National Banks are founded on pub
lie debt. A number of men wishing to
invest 10000 60 and buy the equiva-
lent In United States bonds, which
bear interest; these coupons are clip
ped and in exchange are issued Ma
tionaI Bank notes, the National bank
ers thereby enjoying double interest
on their money, and still they cry
that there will be too much money.
Does history tell of time when there
was too much silver or gold? No;
there cannot be too much. The Ma
tional Banks fear that the public debt
will be obliterated, and that means
death to their drawing of double in
terest. When there is no public debt
there will be no National Banks and
we will have silver.
If you will look the matter up you
will learn that some of the most un-
civilized countries on earth are run on
a gold standard basis. Look at the
great prosperity which is favoring
Mexico, a country recognizing silver,
and yet people will cry out that we
are trying to Mexicanize our fair
country. No, we don't want to Mexi-
canize her, nor Chinaize her; / want
to Jeffersonize her, not Mark Hanna
ize her; I want to see her hbertyized.
According to the best information
obtain able the cost to mine gold is
about four cents on the one dollar,
while the cost of mining and putting
into circulation of silver is something
over fifty cents on the one dollar.
That so cents goes to the laborer,
while on the other hand but A cents
finds its way to the laborers' pocket.
Is that protection? No. In all the in
vestigations which I have made there
is no argument to destroy my purpose
to try to restore the free and unllmit-
ed coinage of silver at the ratio of 16
to 1.
The Republicans lay the temporary
to the Dingley tariff bill,
but that is not 1t. The principal and
main feature in prosperity is shown in
the sharp advance in price of wheat.
Do they realize that there was
drouth covering the principal wheat
countries of the east and that there was
almost no crop in some places; that
was what made wheat jump.
Take for an example of the good the
bill does the people. Say the VIM.
Barr Dry Goods Go. goes across the
water and buys 100000 worth of
woolen goods. When they ship the
goods back they pass through the
custom house and stand at $50, 900 to
them, and when they mark the goods
up for sale who pays the $50,000 tariff
or tax? You and do. Where does
it go? Into the United States treasu-
ry. To 60 further: In New York
State there are large manufacturers of
wooden goods. The VIM. Barr Dry
Goods Co. sends their buyer there; he
picks bill of goods, the same amount
and the same quality which was
bought across the water, and asks
what they are worth, and he is an
swercd $145, 900. Where does the $45,-
600 60? Not into the treasury, but
into the pockets of the manufacturers.
But come nearer home. When it
comes to this, the poor man with the
large family pays larger tax in this
way than the enormously rich man
with a small family does. Suppose the
city fathers should decide to do away
with the direct tax and have an in
direct tax. The miller, for instance,
would be protected by city custom
duty. He would, without competition,
put his -four up as near the highest
price as possible and in a short time
the protected miller would tear down
his old mill and put up larger ones;
before long he would have more mon
ey than he knew what to do with, and
a few chattel mortgages tell the final
results to the property owners; how
long would the people stand this?
Who would be benefited3 One man
a great deal. Probably 100 men would
be required to work where 6 or z
worked before, with perhaps 25c per
day raise in pay. Who would suffer?
Six thousand five hundred residents of
this place, who would have to pay
probably $3.50 more for their -four
than at present. I will chance the
hope that may live to see the day
come when there will be no indirect
tax.
I hope the people will rise up in
their wrath and assist in driving out
the lobbyists who infest the House at
jefferson City. had, or had assisted
in passing the bill providing for cut
of from three to two cents railroad
fares, and the lobbyist and his free
passes defeated it after all. Another
thing hope to see this club follow up
fs the spirit of the resolutions on the
use of free railroad passes, which were
passed at the last meeting.
Last fall / was standing in the cor
ridors of the Planters Hotel when !
saw coming in company of 80 or 100
people, all fat, sleek and well-fed,
wearing Prince Albert coats and shiny
hats, the ladies' all fine looking and
bedecked with diamonds. / wondered
who they could be so I asked and
learned that they were all National
Bankers and their wives from the
East and were in st. Louis attending q
meeting of bankers. The next morn.
ing noticed In box car letter head
.~4solo