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VOL. V. NATCHITOCHES, LA., NOVEMBER 4, 1898. 9
OP THE GREAT STATESMAN
Thea Evils of Currency Contraction-Re
publicans Are Fond of Quoting Clay
*on the Tariff-Let Them Quote Him
on the Money Question.
In 1840, during the subtreasury de
bates, Henry Clay clearly stated the
ethies and economics of currency con
traction and expansion, as follows:
'The proposed substitution of an ex
clusive metallic currency to the mixed
medium to which we have been so
long familiar is forbidden by the prin
ciples of eternal justice. Assuming
the currency of the country to consist
of two-thirds paper and one-third met
al, and assuming also that the money
of a country, whatever may be its com
ponent parts, regulates all values and
expresses the true amount which the
debtor has to pay his creditor, the
effect of the change upon that relation
and upon the property of the country
would be most ruinous. All property
would be reduced in value to one-third
of its present normal amount, and
every debtor would in effect have to
pay three times as much as he had
contracted for. The pressure of our
foreign debt would be three times as
great as it is, while about $600,000,000,
which is about the sum now probably
due to the banks from the people,
would be multiplied into $1,800,003,000.
"Have gentlemen reflected upon the
consequinces of their system of deple
tion? I have already stated that the
country is borne down by weight of
debt. If the currency be greatly di
minished, as beyond all example it has
been, how is this debt to be*'xtinguish
ed? Property, the resource on which
the debtor relied for his payment, will
decline in value, and it may happen
that a man who honestly contracted
a debt on the faith of property which
had a value at the time fully adequate
4o warrant the debt will find himself
stripped of all his property and his
debt remains unextinguished. The
gentleman from Pennsylvania (Mr. Bu
h&hana) has put the case of two na
tions, in one of which the amount of
Its currency shall be double what it is
, n the other, and, as he contends, the
prie: of all property will be double in
Yth formet nation of what they are in
S the Wlter. If this be true of two na
i tlons, it must be equally true of one
Ihose circulating medium is at one
1 i jo4 double what it is at another.
yýY , as the friends of the bill agree,
: Wer have been, and yet are, In this in
,.-isted estate; our. currency has been
o. , or in something like that pro
of what was necessary, and
come down to the lowest
Do .they not perceive that
~! 'rtt ie rain to thousands must be.
t: i le.W itable consequence? A man,
as aaimple, owning property to the
ai. . of $5,000 contracts a debt of
i 1!". By the reduction of one-half
'it 1e ,currency of the country his
in eltect becomes reduced ,to
a~ilueof 1$2,500. But his debt an
'''. s nUo correspondifg reduction.
~~b ·vs up all his property, apd re
nin deBt 2,0oo0. "Thu- this
will operate on the debtor
l thl nation-always the weaker
- u!tt that' whleh for that reason
tug th-j rteeton of the ovur
kho t at this rerI money
tc thslbovr an esg inter
-I b:eqane more d1faelt,
borlewrasseswill be subjected
astua prIvations and dis
*IB t th reinedy to be pro*
ibt t liasppy state of the
I.lta atwa eosst freely yIth
af th' PhiladelphiS dom
at teast potitltel work
t.4. -without feel
the as tpirin-'
Xwid~Lm4~N~ t is with
#~ir;,,, - h at i a
Ito bsr shall
)Jr ?bP YOU.h
~~rabiii~itE be 3
.~·~i:.·ili~als~ 4 '4al
animal in an exhausted receiver, and q
that it must expire in agony if he *
does not pause, give it free and sound
circulation and suffer the energies of
the people to be revived and restored. :
Tell him that in a single city more :
than bankruptcies, involving a loss of
upward of $15,000,000, have occurred.
Tell him of the alarming decline in the
value of all property, of the depre
ciation of all the products of industry,
of the stagnation in every branch of
business and of the close of numerous
manufacturing establishments which, V
a few short months ago, were in active
and flourishing operation. Depict to
him, if you can fnlud language to por
tray, the heart-rending wretchedness
of thousands of the working classes
cast out of employment. Tell him of
the tears of helpless widows no longer
able to earn their bread, and of unclad
and unfed orphans who have been
driven by his policy out of the busy
pursuit in which but yesterday they n
were gaining an honest livelihood."
THEDEMOCRACY WE STANDFOR i
Home Rule In Finance.
The Democrats of Missouri, in state
convention assembled, re-indorse the
Democratic national platform adopted
at Chicago in 1896, and especially do
we renew our demand for the free and
unlimited coinage of silver and gold
at the present legal ratio of 16 to 1,
without waiting for the consent of any
other nation, and this demand we es
pecially emphasize at this time by
reasserting our belief that the money
question is and will remain the most
important of all political questions af
fecting the prosperity and happiness of
our people until it is finally settled by
the restoration of bimetallic coinage in
accordance with our demand. And we
hereby declare our confidence in the
ability, integrity, statesmanship and
patriotism of William J. Bryan, our
great Democratic leader and choice of
the Missouri Democracy for president
in 1900.-Leading Plank of the Mis
souri Democratic Platform of 1898.
Democracy Against Plutocracy.
We call attention to the fact that
the Republican party has failed to en
force the anti-trust laws. The 1,000
men said by statisticians to control over
half the wealth of the country have
taken complete control of the Repub
lican organization and are using it as
a political machine, regardless of the
welfare or the rights of the people.
.Regarding trusts and combinations in
restraint of trade as evils of the great
est magnitude, and as organizations of
this nature not only continue to exist,
but multiply in numbers in defiance of
law and public sentiment, we demand
that such laws, both state and nation
al, be enacted as will certainly result
in suppressing them.-From the Mis
souri Demnocratic Platform.
Threvery Among the Causes.
From the New York Times: Ship
captains and transportation agents are
not fools, the sons ..of somebodies are
of average intelligence as a rule, and
the national guard officer is usually
successful in business. It is absurd to
think that what these men do not
know they cotid learn in time, and in
a short tJne, at that. Any thoughtful
observer of current events is bound to
conclude that plain, ordinary theft is
playing no small part in the daily rec
ord of army horrors.
The $200,000,000 in gold held corner
ed in the treasury would have paid all
the expenses of the war without bonds
or war taxes. But we have both bonds
Sand war taxes to prevent this hoarded
gold from elreulating.
/ Hn. Champ Clark is talking as if
he meant something. Let him keep
ithat u1P and fle will be great. Tqe
cotmutry is suffering for men who mean
somethitg and are not too cowardly to
say what they mean.
The war is over, but President Mc
KlIley is still holding $200,000,000 in
g'old In the treasury and the distribu
tion of bonds goes on. Whatever puts
up the price of gold puts down the
Sprice of *heat.
- The Spanish war being over, the
coUnrtry Will proceed to declare war on
I the Hanna campaign-distributing
l thieves who did our army more dam
r n e in the'rear than the Spaniards did
I The army contractore rob the treas
S rt, tn a peandalwts way, but the rob
biof locking millions of gold in the
__ t while selling bonds to get
d tfgold is atill more scandalous.
I :et ,tq'srmr. Eabrbn get on his hdaV
pa of iten to one cQwhide
Thre ii a numiber of ra-s.
Lse pretnerea i politice who
t VIji ae to be kicked out shortly.
;.."., a. aeeco -aage
it e c*rY @ol pealnat in the
"' : -- '"' " .. " * " °' :. . '" -
,S ":; ./" ..':. . -. I! " •,
FUST1111!PtllTSll 11 !!!!!R!11ll t41111111i11111 11 ý111
FIRST FATAL STEP. ti
WHICH LEADS THE WORKERS U'
TO POVERTY. p1
The Monopoly of Money Prevents the
Redistribution of the Net Profits of s
Labor and as a. Result Poverty Ap- ti
pears in Society. tf
Were it not for two or three trifling
seeming errors, every state or society
might live for ages under perfect g
equality. In the settlement of new a
countries I have often observed this. n
At first all are poor, busy and con
tented. The whole life of society pro
ceeds under four heads. First, mak
ing; second, carrying or distributing;
third, consuming; fourth, redistribut
ing. In the new society all the net
profits are redistributed as rapidly as
possible and therefore all are em
Ere long a few families have no need
to spend all their surplus on improve
ments and begin to hoard it up. Were d
they to lend it out, a competition in
this business would put interest down d
to merely nominal. In time a bank
is started and they all hoard in banks t
by depositing. This enables the bank
to lend out a portion of the net profits
and exact a large income by usury.
There is no longer any redistribution
of the net profits of labor. Money, one
of the great factors of distribution, is
monopolized. Interest begets interest
and redistribution is throttled. It is
on redistribution the first assault is
made. Presently several families be
come poorer, are distressed and part
with their land. Then landlotdism
begins and rent aids usury to still
farther depress redistribution. The 1
idleness and poverty among many be
gets crime and the community is put
to great cost.
I Now to prove my theory, just glance
at these few states where this first at
tack upon redistribution has never
been permitted, but has been avoided.
Take Appengall, Switzerland, where
f there is not one poor person, where
the people are more crowded than
elsewhere, some 500 per square mile,.
I and where every family occupies what
we would call a palace.
Again, just suppose a case. Imagine
a perfectly equal, prosperous, busy
state, all the profits of labor are rap
idly distributed, nothing carried out
never to return in any shape. Now,
e suppose that the government takes all
the net profits in taxes and spends
I every dollar abroad. In two years that
y state must be plunged into distress.
D The whole society *ould become pau
t perized in time without a single ex
1 ception. Suppose the government
l spent the revenue on its officials and
, parasites at home. Then all would be
s impoverished save those so favored
and their servants and on hangers.
Now what is the difference whether
this absorption of all the net profits
is done directly by the government or
indirectly by a custom of the people
themselves, such as hoarding it in
II bank so ,as to enable a portion of it
a to be used to rake more off from
, labor? Only in this latter case it all
d goes to a few among themselves.
The point I make is that this whole
if disease, called poverty in modern so
p ciety, is due entirely to the assault
Smade in the fourth process of the so
Scial state-redistribution, and it grows
Sfrom small beginnings like.the cancer
or the avalanche. All other evils
grow out of tho inequality it causes.
Can we think lof one but has come
Sfrom the overgrown power or greed or
Scrime, etc., that are the offsprings of
e In every state not controlled by the
Populists state issues alone should be
sufficient to give us large majorities;
Sin states controlled by' corporation
owned Republican politicians, state is
sues present a sitill stronger Populistic
Sargdment; and iln the doLntry gener
ally national' issues should induce the
people to support their own ticket
Sthe People's Party ticket.
I -every one of 4e Western states
Sserved by Populist, Silver Democratic
Sand Silver Republican officials, some
,good has tieengaiped by the change.
Taxes are 1es,i the public beri1ice is
better, a. begtlning has been made in
curbing the power.-of monopolistie cor
, porations,and btepiublican robberies of
* the public trea/iries exposed and the,
ir thieves jledlot
Therest isn a.pparent d apoaition in
. tyaorthwest toD lretr the old
Ip' on O~!~~· *OS~ Ig 4~4;p
the monopolists, who packed conven
tions, instead of the people who paid
their salaries, and to loot the treas
uries as a crowning proof of the stu- co
pidity of those who elected them term
The voters of the Northwestern
states have had a large experience with I
the railroad lawyer as a political dic- -
tator, and have deposed him for good
The states further east that are still eve
governed by railroad and trust lawyers s.
and other hired men of corporate Be
monopolies are not to be pitied. They By,
frequently have the chance to vote for
different men and different conditions, Re
and they will soon grasp their oppor- Su
Of national issues the money ques
tion is of the most actual importance,
followed by direct legislation, the
transportation and land question; but
there is a disposition to make a lead- M
ing issue of "Algerism" long enough Ti
to punish the corrupt and criminally T1
careless officials who have done to
death our volunteer soldiers in pest isi
camps. This is an issue that will not L'
down, and unless the great and small St
Algers are driven from public place p.
the general wrath, will center against -
McKinley. PERCY PEPOON.
A Fair Exchange.
Every citizen of every city depends
on the farmer for the means of life
could not live a week without the re
suits of his labor, says the Appeal to
Reason. The farmer is not dependent b
on the cities--he lived before they
were, but none existed before the farm
er, in this or any oher land. A farm- b
er is therefore the most essential mem
ber of society, deserving the greatest
reward for his labor, and would get
it if he were not such a dupe and
fool. A farmer wilf work late and
early in sun and rain to produce a
crop, Then putting twenty bushels
of corn in his wagon he will drive ten
miles to market and get $5 for his
load. This load represents several
days' labor, the capital' on his farm and
tools and his experience of years.
When a farmer goes to the city and
wants a hack from the depot, an hour's
t ride will cost him $5. In other words, I
he exchanges several days' labor for
one hour's labor. It is not the hack
driver who gets it. He is a very pau
per. It goes iato rent, taxes, insur
ance, licenses, transportation and a
t thousand other robbery channels. All
this .can be remedied by a social sys
tem that exchanges day's labor for
day's labor. In other words, it is a
t political question, and the farmers and
laborers will be skinned until they
Will Be Owned by the Public.
t The time is coming in this country
d when every public necessity will be
e owned by the public, including water
d works, street railroads, telephones,
I. electric lights, gas, etc., but it cannot
r all come at once, says the Farmers'
S Tribune. In this radical change we
r should go slowly and become accus
e tomed to the responsibilities one at a
n time. Before we assume too many
t of these important functions, it would
n seem to us that a system of direct
II legislation should be inaugurated and
through that system make the oftficials
amenable to the peo le, and give the
e people a chance to accept or reflect on
any action thant the officials may take.
SThis will do much to protect the pub
Slie from the acts of a corrupt council
Sand will act as a restraint upon those
r who otherwise might favor some "cor
Srupting measures for personal gain.
S Did You Ever ThlakT
-t Did you ever think that the only
difference between bonds and green
backs (practically) is that' one draws
interest and - the other does not? Ie
it, then, strange that one of these
should be chosen by those who would
ie rive without working as a medium by
)e which to accumulate to themselves the
*; wealth others have created? Is it nec.
.- essary for me to tell you which medi
u nm it is that the money sharks choose
ic as their weapon? Don't you think it
r- wise, then, for the common people to
re insist on the other? Or do you thinli
- Abe was a fool? You must take on4
position of the other. And just now
you are holding on to the other.-In
s dustrial Freedom.
e Where the Wealth Goes,
e. The average co'nsumption of sugar
is, per person in the United States last
in year was 641f pounds, or a total for
r- the nation of 4,836,000,000 pounds.
bf This is controlled by two firms. If
ie, they make hbut one cent per pound
proft, it means that thse Awo com
panies .namssed $48,000,000 out of the
in people-'a sum greater than the asees
14ed vealution i.t. some of th statese!
FI~·c~lb ~pt f b 1
jl~~dti~~ r le ~1Lklk
Church Street, near I!en Bridge, Natchitoches, La.
Niew Building9, Now Buggies, Fresh Horses, Experienced Managers
Drummers Outfitttd on Short N'. ice. 'Bus Meet all Trains.
Horses cared for by tLe day, week or month. Put up with us wLen you
come to town. lcest line of Feed to be had.
Mc. K. HOLSTON,
Services at the Methodist church
every First and Third Sundays at 11
a. m. and 7:30 p. m., by the pastor,
Rev. H. Armstroug. Prayer meeting
every Wednesday night at7:30 o'clock.
BAPTIsr-M. E. Weaver, pastor.
Regular services, Second and Fourth
Sundays at 11 a. m. and 8 p. m.; Sun
day school, 10 a. m.; prayer meeting,
Wednesday, 8 p. m. All invited.
Phoenix Lodge No. 38, A. F. & A.'
M.-Simcoe Walmsley, W. M.; J. C.
Trichel Jr., Bec. Meets First and
Third Wednesdays at 7 p. m.
Castle Hall No. 89, Knights of Pyth
ias.-U. P. Breazeale, C. C.; Adolph
L'Herisson, K. of R. & S. Meets
Second and Fourth Thursdays at 8
Criminal Term-First Mondays ir,
June and December.
First Mondays in March and Octo
First Mondays iI April and Novem
A. E. LxMin. J. B. TuomR.,
LEMEE & TUCKER,
General Insurance, Land Agents, Notaries Pablic ,
ABSTRACTS OF TITLES A SPECIALTY.
Represent FIDELITY COMPANIES. Aoo,,.ptv,,_ a 'Jso..a oi ll
Office, Opposite Court House.
" Esutabllshed in 1"88
General Insurance Agency,
" U. P. BREAZEALE,
[Suocessorto Alexander, Hill & Breazeale.]
Represents First-Class Companies in Life and Fire Insurance
Representing also the United States Fidelity & Guaranty Company,
of Baltimore, for Bonds and Securities.
Prompt Attention to Business. ::: Country Business a Specialty
Office on St. Dennis Street, NATCHIITOCHES, LA.
Call on me before placing your Insurance IElsewhere.
,TU. P. Breazeale.
STATE NORMAL SCHOOL
N athhitoches, La.
TRAINING iOHOOL FOR TEACHERS, maintained by the State
of Louisiana, offers a four years' course of instruction, English,
French, Latin, Mathematics, Drawing, Bookkeeping, History, Lit
erature, Music, Natural Sciences, Psychology and Pedagogy; three
terms of professional study, one year of daily practice in model sobools. Di
plonma entitles graduates to teach in any public school of Louisiana without'
Four well equipped buildings, a Ifth now under construction; good lab.
oratories, library ad reading room. Grounds of 100 acrer, beautifully lo
Iated and improved; excellent health conditiuns and opportunities for physr
ioal training and recreation. Dormitories accommodate 200 yonag ladies;
gentlemen board in private families.
Faculty of sixteen trained teachers; 441 students last session Tuition
free to those who intend to teach; total necessary expense $106 for session
of eight months. Fall term begins OOTOBER 3, 1898.'
PT r catalogue write to '..
B. C. CALD WELL, President
Join ML Tucins, Preeident. D. O. ScRasOROouo , SBeretary.
JoxR A. BARLOW, Treasurer and General Manager.
GIVANOVICH OIL CO.,
M...M anufacturers and Dealers in all kinds of, ...
COTTQN : SEED. PRODUCTS
Dr. C. Scaborough. H. M.Carver
SCARBOROUGH & CARVER,
ATTORNEYS AT LAw,1
NATCHITOCHES, - LOUISIANA,
Will practice in the District Courts is
the Parishes of Natchitoches, Red
River and Sabine, and in the Supreme
Court of Louisiana, and the U. S. Dis.
triot aind Circuit Courts for the West.
ern District of Louisiana. 1 17 ly.
C. H. PROTHRO,
PHYSICIAN AND SURGEON,
NATOHITOCHES, - LOUISIANA.
Diseases of Women and
Children a Specialty.
Office on St. Dennis Street.
5 17 ly
SAMUEL J. IENRY,
ATTORNEY AT LAw,
Will pracotice in all the State and Fed.