The Denison review. [volume] (Denison, Iowa) 1867-current, 1898-10-04

newspaper RECORDS OF actual sales and |
at the time no one expected they would
be used In an argument to prove that |
the country had both sthrived and
when silver was admitted to
the minis at the historic ratio.
"The historic ratio also covers the
fifties. In an editorial inothe Newt
York Tribune bearing 1dataQfe Jan. 10,
1885, Horace Greeley ssaysst iiWhoj is |
hungry? Go and see. You that are
well-fed and know not what ii is to be |
hungry perhaps never saw hungry !
mango and see. Go and see thous-
ands of men and women, boys and
girls, old and young, black and white,
of all nations crowding and jostling
each other, almost fighting, for first
chance, acting more like hungry
wolves than human beings, in land
of plenty, waiting till the food is ready
for distribution. Such scene may be
seen every day between IL and 2 o'clock
around the corner of Orange and Chat
ham streets, where charity gives din
ner to the poor, and soup and bread to
others to carry to their miserable
families.
ION Saturday we spent an hour there
at the hour of high tide. We have
never seen anything like it before.
Upward of thousand people were fed
and plate of soup,a piece of bread and
piece of meat, on the premises, and in
all, more than sixteen hundred. On
the same day 1,130 portions of soup were
dealt out from Stuart's Soup kitchen,
corner of Reede street and Broadway.
At the rooms on Duane street for the
relief of the poor on the same day they
gave food to 1886. In the Sixth ward
alone over six thousand persons were
fed by charity on Saturday an. 10. And
this is only one day in the ward. Mean
while scenes of like nature are being
enacted all over the CITY,
''The New York Herald in January
1866, published an address of the un-
employed workingmen's committee to
the mayor of New York from which
quote: We do not come as beggars,
but we ask what we deem right We
ask not aims but work We do not
want little soup now and cast off
clothing tomorrow, but we want work
and the means of making an honest
livelihood. The condition of the work
ing classes is most piteous. They want
bread. Is there not enough in the city?
They want clothing. Is there none
made nowadays?'
From 1S47 to 1857 the government
expenditures exceeded it's revenues by
over $40, 0OO,0 and the public debt in
creased over $l3,0OO,OOO, and between
1857 and 1861 the expenditures exceed
ed the revenues by over 1000, 900,
and the public debt increased SIG, OOO,-
600; and yet during that time silver
add gold were coined free at the his
toric ratio From 1860 to 1870, while
we We're still coming gold and silver at
the historic ratio the assessed value of
the property of the United States, in
creased 1904, 900, 900 as shown by the
United States census. This is the de-
cade covering the period of greenback
imitation and the assessment of 1870
was upon a greenback basis, when
dollar was worth SO cents in coin.
From 1870 to 1880 the assessed valua-
ton of property in the United States
increased 81, $780, 100000. In this decade
the alleged crime of '73 was committed,
specie payment was resumed. and the
assessment was made upon gold basis.
From 1880 to 1890, after we were fully
established upon gold basis, the asses
sed valuation of property in the United
States increased So, 1888, 900, OOO practic-
ally three times as great an increase as
was ever made under the period of free
coinage of silver at the historic rate.
In 1850 after we had both 'thrived and
prospered' for seventy years under free
coinage conditions, we had per capita
property in this country of $514. In
1890, after 20 years under currency
controlled by sharks and harpies of
Wall street we had per capita proper
ty of $l,039. In other words, from
1860 to 1890 our population multiplied
by two and our property multiplied by
four.
ut is great deal easier, my friends,
to write an Indictment than it is to Sc |
cure conviction supported by COM
petent evidence. While it must not be |
claimed that the free coinage of silver
was the cause of these periods of de-
preston and panic to which I have re-
ferred, the like of which have not since
been seen, it is true that the free coin
age of silver was not sufficient to avert
these calamities. am willing to 90 on
record as saying that we never had a
panic which cannot be accounted for
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