The commonwealth., November 05, 1897, Image 9

About The commonwealth. (Greenwood, Miss.) 1896-1923

Image provided by: Mississippi Department of Archives and History

                
Money and It's Theft of Freedom.
Th* la to Francis Walker says. "Money is to bo kr.o r ■
• • o* min
work."
Thornton say» it is "a mer» instrument of com-euh
Appleton* Cyclopedia defines money as on article that
tiens, without regard to its form or substance
Originally, the substances which acted
the things most plentiful in any community.
In communities where hunting was the main industry, tic
were used as money.
In fishing communities, fish ami shells,
in pastoral countries, cattle.
In agricultural countries, grain.
As communities developed and commerce between them becnc.
somewhat common to all countries, substances that were most portable ami least
destructive were resorted to. and precious metals wore naturally eh. .
sou of these two qualities, as well ns for their natural la m»j
weight.
i V' curtain fniif
as inon.-v w. r.
: certain degree.
ûtin» of animals
substances
by
rca
C pAsiSori by
UM \V<
But as society became better organized, and its affairs more complicated, an(]
as the medium of exchange gradually settled upon the precious nictals.
were people who began to realize the advantages of creating
in the snpplv by committing fraud in weight and fineness.
In order to correct this evil, it became necessary totform them
convenient for handling and to invest them with the title of money the govern
ment testifying, by its stamp on the coin, as to its weight arid the m
Later on, as civilization made further advance, there \
ed the profits to be made by trading in money, and they al.~
like any other article of necessity, increased in its e
modifies in exactly the same proportion as the demands for its
supply.
there
artificial increases
into pieces
vere tliosf
who realiz
I d that money,
all other corn
use exceeded the
r
minmml ov
Not only did they realize that the money which they dealt in
valuable as it became more scarce, but that, in order to "c licet the
changes that come with a constantly increasing population and greater divot
of products, it was absolutely necessary to increase the media either by having
more money or by using a device of their on
to isute and control such substitute would, as a -machine
profit, he so great that, as compared with it, the power an Î profit
branches of trade would be as pigmies.
And in orderto increase the needs for this substitute, by which they had the
power to regulate the life condition of every inhabitant of the
influenced legislation, and by law demonetized one of the
That move was, however, to some extent checked l.y ■ ubs
which permitted the government to issue a substitute fur mom
count, in the shape of silver dollars or their re;
This kind of law, however, did not cater to the
became
increased
more
ox
tv
Its a substitute, and that for them
for power and
of all other
commiimiv, they
realm money,
islation,
Is
n:
(jilt lit It
V on its own
• certificates.
ne
ireseutative
silvi
owners longing for
mey
more profit; it withheld from them a market for many millions of tliei
sti tu tes, and to that extent deprived them of profit and additional
would otherwise have accrued to them.
vn Hiil)
ir
power that
vas enacted,
until
So, from the day the law
they began to a systematic warfare against the government s
eventually they procured the repeal of the law that per
privileges,
itted such
But merely to stop such a privilege was not their whole object,
to get back to the position they would have occupied had this law not he
ed—so now they are agitating for the withdrawal of every form of exchar
the government has ont, except gold, thus giving to the
for power and profit. Such a course means the utter annihilation of
ty to all save the money capitalist.
It means the absolute subjection of the producers.
It means retrogression.
It means the final collapse of the United States asa govern
It means British supremacy and American vassalage.
It means annihilation of opportunity; because by making money scarce and
credit plenty, the money capitalist forces the producers to utilize their credit,
and by interest charges absorb a portion of the products of labor.
Then, by contracting those credits, he compels the producer to dispose of his
products at forced sale and consequently at lower prices, and with falling prit
it becomes necessary for the producers to apply more labor in order to produce
the quantity that will bring sufficient money to pay the inlet
Such a course, if carried to the logical end, means the gradual absorption of
all independect producers, beginning with the small and weal
way up through the stronger, each grade giving up the slru
the money power tightens.
Under such conditions the productive capitalist is,as unable to withstand the
power of the money capitalist ns are our mountains of rock unable to withstand
the power of blasting explosions.
mes.
They \
it
en pass
ngethat
pluil position
opportuni
cut of the people.
etu.
its
working
tic as the grasp of
To
As these conditions become more pronounced, the small producers find noop
portunities for independent action; and the larger ones find it nor
bine with others in order to protect themselves from bankruptcy: until, finally,
we have a sugar trust, or an oil trust, etc., controlling the entire field.
Or. we have our smaller railroads being absorbed by the larger, until, as Jlr.
David A. Wells says, in his work on "Recent Economic Changes," i
the entire railroad system of this country will be owned by a single organization.
And when that is so, the course has been run, and the money capitalist,
owns the bonds.
•y to com
a few years
ho now
fill then own the roads, and it will be the ringle organization
referred to.
Only a few days ago the New York Central railroad sold
per cent, gold bonds—that are due in 100 years. T'li ; whole
tho J. P. Morgan syndicate.
Buch is the beginning; what is the end?
We go back Iwo months and read that the Beading < *oal and Iron Company,
tbracite coni fields
ioii.itoo.ooii, failed to
50,000,000 of 3j
light by
me v
constituting the Philadelphia & Reading railroad and the ;
of Pennsylvania, which a few years ago were valued at
meet their payments, and were sold at sheriff's sale, the
bought up for the European bondholders by Ihe ,i. P. Morgan syndicate for <0S,
000 , 000 .
utiie system being
In turn we find the laborers gathering themselves
into unions and other
forma of organization, drawn to such a course by the same feeling or instinct that
governs the productive capitalist; but differing in re mit.
When the productive capitalist combines with others
lie le,- eus competition
and decreases the number that are to share in the in -
But with labor tlie very opposite result is met with, for with eve
reorgani
zation be finds that competition for the chance of labor is greater and that there
are more to share the incomes; and it is for this reason that strikes are becoming
s successful, and it is also by reason of these results that 1 say the monetary
system of the present means the annihilation of all opportunities to, and the sub
jugation of, the producers:
It means tho less of freedom; because freedom never has, nor will it ever, ex
ist under tlie rule of a plutocratic minority.
Freedom and independence are one; but if your affairs are all controlled ab
. solutely by a single thing, especially when that thing is the servant, you are de
pendent, not independent, and being dependent you are not free.
It means the final collapse of the United States as a government of the peo
ple; because under such a system, the natural law is centralization, and central
ization is oligarchy or government by the few -the logical end of oligarchy is
monarchy.
Are you pleased with the picture? Can't you see into whose hands the
wealth of our land is concentrating? In article clipped from the Pittsburg (ia
zette of June 19 is an item headed, "European Capital Getting a Firm Hold on
Every Industry." Can't you realize that under this holy monetary system of
ours the industries of the land are being swallowed up by ibis yellow god whose
temple is in Lombard street, England?
Can't yon see that every fresh investment of English gold in America gives
them greater control over us?
Can't yon see that by reason of this gold standard and its inevitable compan
ion, falling prices, that we are sendiug to Englan 1 ^-J5U,0»U.i»)b worth of prod
uets annually for which we get absolutely nothing?
Can't you understand that interest on money i.- premium for money, and that
before there can he a premium on any article the demand for its must be greater
than the supply, or, in other words, be scarce?
Don't you know that labor must pay tlie premium canned by such scarcity?
Don't yon know that steel, iron, sugar, oil. whisky, and all other trusts, are
formed for tbc purpose of raising the price of those articles by regulating pro
duction ?
Don't you know that the men who deal in money are just shrewd, just as
patriotic, hut just as eager for profit, as are the men who deal in iron, steel, etc. ?
Don't yon know that if it is to the interest and profit of those who deal in iron,
and steel to increase the price by limiting production, so as to have greater com
mand over all other commodities
That it is of equal interest and profit for those who deal in money to limit
its production, in order to increase its price or command over ail other articles?
Don't yon know that the love of gain is the ruling passion with all men,
money dealer ns well as iron denier, and that, each will strive to inaugurate
that scheme which will he conducive to his greater gain?
Knowing this, will you forget the issues of the past campaign?
Vv'ill you allow the opposition to create discord among u;i for t
dividing onr forces?
If we stand united, and vote for the men representing tlie vital principles of
Humanity, the signs of the times point to victory. Tlie Philadelphia Times, in
dependent in politics says: "With all the explanations that may be offered, the
fact remains and stands ont painfully conspicuous, that Ohio lias broken away
from lta McKiDley Une» and now gives every promise of a democratic governor
and United States senator at the fall election. . ,.
The New York Evening Post (Ind.) says: 'There is no mistaking the mean
ing of the spring elections. In all of them the same tide of reaction from tlie re
pajdican vote of last fall is perceptible, that was discernible in the town elections
of New York and in the more recent ones in Connecticut ; for some reawm or oth
er the people are dissatisfied with the party which they put in power a few
month« Sgo, and are turning »gainst it."
The Springfield (Mast.) Republican says: "Mr. Hanna takes a comforting
-view pf the election», but from this distance they appear more menacing than
m ere local contesta without national significance We can take no comfort in
them from any standpoint The great republican t ide has reached its height and
the ebb backward seems to bare begun, wisdom is tlie need of the hoar. Of 60
» a cities In which mayors were elected, the silver!tea carried 2x. "—A. ,T.
I, in Monthly Bimetallist.
I.
the purpose of
Mi
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USES OF BORAX.
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Borax has her
every household .
micoerisfully softi'ii
proportion of a lar
texture of the fines' oi.en or cotton will not he injured by
ite use. Stains upo .ublettloths and napkins can he read
ily washed out if !i
rax water boiled in tin collee pot twi e a week for lifteen
minutes sweetens ai d purifies if. To cleanse window glass
simply use warm water and Borax; no
and polish with crumpled newspapers. For the shampoo
use one teaspoonful to two quarts of warm water. It acts
directly on the seal]), keeping it in a healthy condition.
As a dentifrice and mouth wash Borax is unexcelled. It
cleanses the mouth, hardens the gums and relieves cankers.
In using it for the teeth, make a powder of one ounce each
of powdered Borax and pulvarized Casteel
ounces of precipitated chalk,
about eight inches square, filled with
almost as indispensible an article in
Nothing will so
Use it in the
The
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lit and pepjier.
49
to
water as lînrax.
.-and fui to ten gallons"f water.
in
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and two
of ( jll'OHPI dotli,
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are delightfully rofrosliing.
indispensible at the toilet table and as a disinfectant, and
will prove a valuable aid in procuring cleanliness at tlie
kitchen sink, and if it were more frequently used, a great
amount of waste might be prevented in the larder.
For further information iiboul the valuable drug,
A box of powdered Borax is
49 î
to
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to
49
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to
III
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to
quire of
49
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CROCKETT,
49
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The Druggist.
49
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of
The Failure of the Wolcott Commission.
There seems to be little reason for doubt that the Wolcott Commission lias
failed to accomplish anything in its negotiations with the English government.
To what extent President McKinley is responsible for the failure we do not know,
hut we believe very largely. If, since the commission was appointed, lie has
done anytning to strengthen its hands and increase its influence abroad, the fact
has not been made public. Not a kind word or a hopeful expression has fallen
from his lips with reference to the work of the commission. In a cold, formal
and perfunctury way he has gone through the motions of carrying out the ante
election pledge of the republican party to promote an international agreement.
Tlie gold press of England has so regarded his action while the same class of
papers in this country (McKinley's staunch supporters) have simply sneered at the
scheme as visionary, impossible and undersiable.
The president has acted as though he neither expected nor wished for succès.;.
His currency message completely ignored the commission and its work. Not
.only was there a total failure to mention it, even in the most general way, Imt
the message plainly contemplated a permanent ndherrnee to the gold standard
and a complete surrender of onr currency to the banks. Why did not the presi
dent urge congress to take some action in aid of the monetary commission he
had created? .Such a recommendation would have been perfe T,!y germane, and
surely a commission officially sent to Europe by the president of the United
States, to obtain if possible, tho concurrent action of the real "leading coinmer
cial nations" for the restoration of bimetallism, was quite as important as an ir
responsible, self appointed convention held in Indianapolis,
ceives not even a passing allusion, while the attention of congress is urgently di
rected to the plans and purposes of the latter.
We believe that Senator Wolcott and his colleagues lmvc performed their
duty in the most perfect good faith. Wo also believe that Senator Wolcott in
his enthusiasm had confidence in his ability to accomplish something, lint we
never shared his confidence. The declaration was thrown into the republican
platform ns a bait for silver men to nibble at, and, save as it might contribute
to republican success, it was never intended to bear fruit. U w is known in ad
vance that England would not co-operate and without her nothing could b
in Europe.
JJut the formel
done
This is what the silver men said in the Iasi campaign, a:
proved that they understood the situation. The "effort" to pi
al bimetallism having failed, the republieat. party now standi pledged to the
maintenance of the gold standard without provisos or qualiii -ations.
This presents the issue without even a inosquit
id tho result lias
f»te iuternation
luttin# in the way of din
gni.se.
The political arena of the United States is tho battle ground,
1000 is now made. .Senator Chandler has declared that this man try will
submit permanently to the oppression of the gold standard, an 1 that the party
which advocates it is doomed to defeat. What course will lie m
The issue for
pursue? Will
he take the side of the people, or will he. like so many others, yield to the crack
of the party whip? If the gold standard is bringing that ruin which lie has so
vividly pictured, be mnst either assert Ills political iri'b'pm lence or say "good
bye" to conscience.
The international bimetallists of Europ n so far as th
action by the United States, must also prepare to shift lii -,r
pect to do anything substantial. Unconsciously, n
upp-Mi; independent
il I if they iu
i done the
cause of bimetallism incalculable harm by antigonizing th • only ml friends
they liave in the United States. No sooner doe'll strong fr
manifest itself here than the gold men, masquerading in th • g iro of into
al bimetallists, at once seek to check it by pointing to th • alii : ils of European
bimetallists in opposition. The gold men in this country -man who want no
bimetallism in any form or in any way -are constantly d "luring tint fr-.u silver
agitation here will delay an agreement with the great comur-rdal nations, and
that actual free coinage will prevent it for all tim ). They nsver give any sub
stantial reasons for these claims, but they are very fond of quoting E uropean
bimetallists on,their side. In Europe, speaking gun-.ruily, in: r.nti
allismisa gennine thing, in the United States, as u row, it is a shim and a
fraud. With a very fe-v notable exceptions, the Am •rican international biuret
allist is n sort of milk and water individual a very indefinite quantity He
has <v vagne notion that the gold standard is a bad tiling and that silver should
not be made a monetary outcast. But he has very little appreciation of the im
portance of the subject, and an exceedingly imperfect kuowle Ige o' what bimel,
allism actually is. He is quite likely to regard Ihe money question as of leas
importance than the tariff, and when Mr Hhennan, tlie Nestor of American )i
nance, declares that true bimetallism is the use of gold as full standard money
with silver in limited quantities as small change, the average American inter
national bimetallist nods his head approvingly and lookH wise, if there
"free silver"sentiment in this conntry, international bimetallism would seldom
be heard of. The advocates of independent action here liavo opposed an agree
ment with other countries. They have simply regarded it as out of reach, ex
cept as a thing subsequent to action by this country alone.
Bimetallism will never lie restored by mere academic discussion,
must be political action. A beginning mnst be made, and there Is no nation
preeminently qualified to make that beginning a» the United States of America.
In economic strength this conntry is fully one fourth of the gold standard world,
and it will soon ba one-tbird. It has the power, it has the sentiment, anil it has
the election machinery through which that sentiment can make itself heard and
felt
doubl, they li
silver «intii
lent
uitio.'i
il biinet
•ere no
There
so
Henceforth we mther confidently hope that Wall street will not find quite
no mach cotnfort m the Attitndeof Earopcan bimetalliHt«. National Hiniotalli»t.
JAS. K. VARDAMAN,
Attorney and Counselor at Law
Greenwood, Mis».
of
I'i'o
il attent lo
given to all bnslnr»» b
nihtcr
LOMAX & TYSON,
ATTORNEY-AT-LAW,
GREENWOOD, MISS.
Any buHineRH intrusted to mo will re
ceive prompt and careful attention.
A. F. Gardner.
W. T. Rueh.
RUSH & GARDNER,
Attorneys and Counselors at Law
G reenwood, Mi»».
Pm
ipl at ton! Ion kD
to all lnixInoHN Iii
: rusted to us
J. W. DULANEY,
PHYSICIAN AND SURGEON,
Tenders his prnfesslo
î M>d mid vicinity.
N'eit d<
ud Dnijf I'o. *
lo I >el!u I tank.
C. N. D. CAMPBELL M. D
PHYSICIAN AND SURGEON.
j of ihn |mt ton
hwood und vicinity.
ImrHhop. I'Iioiim 'M
I'h hruKiitorc
IN' ,|M-ct fully
•llclts :i shi
f I he iri oplc of (ins
->
»neey's Hurl
U at ( W. C
urn
ddi
■kd
will re
•I»
8. Ft. Coleman.
Monroe McClurg
COLEMAN & McCLURG
Greenwood, Mitt.
Will {tractlee In all the Htat«» floiirtu and tin
IVrlerul 4'ourtM at Jack »on and Oxford. H per
lai attention iilven toeoller.tlon of claim».
Doctor Up,
A few cents might prevent a sickness
where many dollars might not cure it.
Come to ns to have yonr perscriptions
filled, to lmy yonr patent medicines aud
for any thing yon may need in our line.
We handle only the purest and liest,
Yonr wants are given the most careful
attention by an experienced pharmacist
UOOCKBTT TUB DHUOUIST.
Mississippi Chill Tonic.
It is not bad at all to tako-
Yonr taste 'twill please, yonr chill twill
break.
Just try one bottle, and If yon don't
like it.
You may charge the difference to
C. W. C'HOCKKTT.
The Dmggiat.
For Sale -Desirable Lota.
The Mr-Lean property. Lot* 100x3011
feet, on Carrollton road Will give easy
terms to desirable jmrehasers. Address
J. H. Pbf.hi.K 6, Agent.
Winona. Mise.
IWJIt
SvdHced tâte* te Nashville.
The Seul liera ICsilvay lias mi rut le from all
of It* prlor-fiMl »Intimi», ticket* lo Na.livlllr
»ml return nl very low rnle» on neivrunt of
tlie Teimeaaee IViilennlnl. rail on anjr
Southern ltnllwny agent for narllailnr» re
Knrdlng sclirslules nod deren In form» Hon
I rout rates and tickets.
pr^Äto*®Ä a« khSTTfib
printing at reMouble prie«».
GREENWOOD
*»
yv
*
/
j
i
DRUG
t
TTTT7T".
*j
j*
&
COMRANT
[**2
M
"*
to
V WHOUSAIEAKD
T/.IL DEALERS IN
Drugs, Patent Medicine;
Cigars, Tobacco, Oils, Paint*
And Everything Kept iit a
m
m
n
r
À
î
J J 00
u
9 II O & u ;
CAREFULLY AMU PIÎC1Y1PTI.'.
FILLED AT ALL HOURS,-ve
Wc solicit flic patronage
of the people of Greenwood
and v icinity. We shall en
deavor to treat you fairly.
fci.i
i
ir
a
I I N( t
We carry a full line of
JTamtno Xumbcr, jfloodno, Sibino,
M IU ..
I
l,n
ut-bi-uf Veil!
I'liut.
Turning anil Scroll Work.
Contractors and others wanting Lumber
should gel our prices before placing your bill.
THE.JACOB WEIS M'F'O. CO.
GrtEF.NWOQD, MISS
Ncur I. <'. Depot.
Cresce nt
Bicycles^
v
i vS
S
STRICTLY IN THE LEAD,
At
EOO
ty
C. E. GILLESPIE & CO., AGENTS,
ft
\ p
%
•r
Mül»
Mr. .... IV . c,.* i
< »r
All G r ad es of LUMBER, FLOORING, MOULDING
and CEILING. Extra Size» of SASH,
DOORS and BLINDS.
A
m m wx
'ALSO"
BUILDINGS NEATLY AND SUBSTANTIALLY ERECTED IN KODEIil! STYLE.
ESTIMATES FURNISHED UPON APPLICATION.
The GREENWOOD PLANING MILL COMPANY,
G-reenwood, Mississippi.
_ î ROSiDALE,
Offices, : BREEN VILLE,
I GREENWOOD.
m
m
FERDINÊMD BERRY & CO
Cotton I ti jyei'w.
•I
Represented at Greenwood by.. .
G. G. GILLESPIE
G. E. DUGGAN.
AND