The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1899-01-06
ONE HALF OF
ALL THE MONEY
In the United States, On
Deposit in New York,
WHILE ONE HUNDRED THOUSAND
Hungry Mendicants Eat the Bread of
Charity from Dives Table.-The Gold
Standard Pampers the Millionaire and
Pauperizes the People.

ShICAOO' lLLlNOlS, Jdu. q, lOJJ.-
Editor of The Columbia HeraM:-
On Christmas Day stood looking
on at the long line of men waiting
their turn to get an aims dinner at
the Waverly Theater. The tables
seated about 1000 at time, and
there were always more in Inc
waiting outside the door than were
eating inside. While philosophizing
on what had brought this country to
such pitiable condition, / asked a
policeman question and in reply
he said: IF L had not seen this
with my own eyes, had read it or
some one had told me of it, would
not have believed it," The papers
report 100000 as having been thus
fed in New York City.
The report of the New York banks
for last week shows that there is on
deposit in the banks of that city
1914 ,95l 800. This Is little more
than one half Of all the money in the
United States. 1t belongs principal
ly to the money lenders and corpO-
ratlOns of the East. When the
amounts. in like manner, clogged in
the banks of Chicago, Philadelphia,
Boston and few other cities, are
considered, one can form an idea Of
the giant power of these combines.
And also, what little money there is
among the people. The fall of
prices is the cause of the concentra-
tion of wealth, thus making it possi-
BILE for the men of wealth to corner
the money of the world.
The statement telegraphed from
Augusta, Ga, this week, that the
Enterprise Cotton Factories of that
city had closed down, adding 5000
to the number of unemployed, and
of the reduction of wages by other
manufacturers of cotton goods in the
south, comes as a surprise to many.
Some time ago the eastern wing of
the gold ring accounted for the re-
duction of wages and strikes among
the cotton mills of New England by
the statement that southern compe-
tition was the cause of it-that the
latter could run at less expense.
Hence it is surprise to those who
do not understand the cause of the
fall of prices that the same state of
affairs should now exist among the
|
stands that the gold standard is the
cause of falling prices he has the
key to unlock the mysI cries that are
in the meantime puzzle.
II we had the money of the Con-
stitution, the mints open to coin all
the gold and silver, with the right of
the people to use either, money
would not be so dear; and wheat,
cotton and all that the people pro-
duce would sell at a higher price.
That is, the Sc things would buy
more money. Then there would be
more money among the people-the
people would have money with
which to buy and the factories would
not be closing down. Let the people
unite and elect an Andrew Jackson
president and democratic congress,
one that has the true ring in it, at
the next election, and prosperity
will come swift and sure.
The papers report meeting of
fifty of the leading members of the
democratic party of Iowa at Des-
Moines the other day and that they
agreed as follows: "The party is
| -
but the question of ratio will not be
given prominence. The Chicago
platform may be endorsed, but there
should be no repetition of the words
'16 to L. " What this means is, if
true, that these "leading democrat"
are not democrats from principle,
but for party success. They do not
understand that both the whig and
democratic parties in 1850 went down
to defeat because they were willing
to compromise principle. What
is wanted, to stay the power OF
money, is silver placed in competi-
tion with gold at the present ratio OF
coinage of the two metals. When
there is combine to rob the people
such as now exists, the people are
strongest when they refuse to listen
to compromises. What is not gen.
orally known is that money is being
supplied through gold democrat:
and offered to the party" If they
will drop bimetallism and some
committeeman and "leadiug demo.
Gratis" (?) would sell principle foI
money. Had not the Ways anC
: Means Committee come into exist
. ence at tho time it did the money
being used by Wall street to corrupt
the democratic organization nigh
. have succeeded In its deadly anC
foul purpose. The Ways and Means
Q Committee was the most importan
step ever taken to save a people
Z from being sold irretrievably int
4 bondage.
| saw letter the other day from
> an editor in Indiana to the Ways anC
Means Committee in which he said
my paper was middle of the roaC
populist publication till 1 saw tn,
: makeup of your committee and reao
Y what Ex-Governor stone said to tn,
i New Workers. There is no doub
j. about it, from all the signs l see
s that for each gold democrat VIII,
5 leaves the party there Will be abou
two voters to take his place.
GRETTs,