Image provided by: Talent Historical Society; Talent, OR
About Talent news. (Talent, Or.) 1892-1894 | View Entire Issue (May 1, 1894)
9 OUR UONIUTION. our own use we have made up in something else of equal vail debt is now equal to one-half * wealth of the nation. It draws! and will double in t we’ve • x «•: Ti< wealth of the nation ineieascs a rate of only 3 per cent., amt hem e ta’ V twenty-four 'Un refute • • vents to double. the debt will double tw i< e while the wealt li is doubling on< v, and at the cud of twenty four years it will equal the wealth of the nation. [St. Louis Monitor. According to Mr. Walker. a Republi can member of Congress from Massachus etts, the people of th*» United States owe debts, public ami private, amounting to $32,000,000,000. We take Mr. Walker as authority because, coming from New England, ami being a Republican, be will not be accused of placing the fiigures too I I high. It is claimed by s< me that the rate of > 3 4 — * interest on this indebtedness will average eight per cent, per annum. But to be Eiliblistering seems to i»? the main order entirely safe and conservative for the pur now in the United States Congress, ♦- pose of this article, we will place the rate peciallv in the House. If to delay acth a at six p?r cent. wbi“h on $ >2,0 ) 0,0 )),00) or to defeat a bill be the purp »s * in view, amounts to $1,920,090,0)'). No.v wh it a lot of members go off on a tare; then r.o will it take to pay this interest? The quorum, no business. It should be ti e Corn crop of the country in 1892 was 1 ,- law- but Congress makes the law ami 628,464,000 bushels. If it brought an there’s'tlie rul> that every • da • v a mcn.bei average of -10 cents per bushel, we have absents himself from duty without rea $651,38.5,600, as its total value. Our sunable exc ise, he should be lined ¡n a wheat crop the same year was 519,4'. 0,- sum :• n time.-« the amount of bi- salarx 000 bushels, which at an average price of for the time absent. An ent ire day SO cents a bushel gives us $ 115 592,610. March 2., was wasted in just such fool Ou r < at crop was 661 Cb74 60 hi r mis. cry. Yet each member draws hi;- ea’ai\ * • and at 25 cents a bushel we li ive $ 165, . 59, nidi unvarying regularity ami ‘ we the 000. Our gold min produced $ J »,) 1 », people continue to pay lasts. 000, ami our silver mines $75.00o,()(-:). Now let us put the value of all thcs< products together and sic how we comt Only 17 Republicans in the lloi.-r out. voted to have a lot of silver in the go\- . $651,385,600 V alue of corn crop eminent va lilts coined into money .- • ¡1 s 115,592,000 Value of wheat crop........ to increase to that extent the circula t • ' 1 g 165 259,250 Value of oat crop ......... medium of the count IV • and relieve the 33.000,000 V alue of gobi crop ......... 75,000,000 present financial distress. Vaive of silver crop . . Total $1.340,236 850 Master Workman Sovereign of the Knights of Labor, said in a spec, h r» ccntly : “ ‘Lal»or is fier,’ bays a corpora ! ioti newspaj er. Yes, l ib r is free to i’gut the battles, pay the tn xes and ; rodm e the weiltli. Lai or is free tu p iv trust j i i> • ► for food, I av tribuie to Siiv|< « I, alni • • for leale to t»»il. l ab >r irte to v-- f«»r wltaf it cali got, live in over’lowd» teneun rt In • • < s in back itimi - , :• i d v thè monopoly ticket or le d.-.b i g. d Laln’i* ¡.- t¿te t«> Work otit tim*»» i mh i vagramy law*. slcep in j.iil.- ami li\eoii l»rt ad siiti water LaL t . ) • rn :o stai i • fr.e t » die. and free to liti li place i.« ti,»* pott»*r5 ficai Shatles of l’alr.ck llcinx what a gli liuiiH irecdom' But the interest hill is. $ i .9J),000 000 So there is a balance of $ »79.76 ’. 150 to make up after giving up our gross j ro- duct, as above show n. To uav this bal ance it will take our entile cotton ami hay cr<»| s. It is estimated that two- thirds < f this interest is paid directly ami imIirectiV to 1»<rci. m r.- Now fi 1 do you like it as f ir as we have gone ’ We select th<sc great tap.« s for illus tratioii, to aid the mind ii grasping th.* vast proportions of tin laird’ u up ui u-. If we reserve any of tlb s. pr. dm t* : r I : t I I I (