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About Capital journal. (Salem, Or.) 1893-1895 | View Entire Issue (April 30, 1894)
- -vwwuwrwtwr'T ' K.TtfiT7n' 7? -SAP"' "ST rjwjUTK T? .-?' ; w 5 mearnraj on the grouud that it will in-cn-iwcMvuRPs U one of tho most stupend ous frauds c or 'iinpn. ed upon human credulity. Tlifirri'iit tariff barons, who pursnrtdo the laboring classes of the country to join thrm in BCcurjUKjiroteo tion, on tho giouiid that it will better their condition, areUiko tha liouJn tho fable who induced the leopard, tho lynx and tho wolf to join him in a hunting excursion, and who after a fine deer had been cnptuiod awarded Ihe whole prize to himself by virtue of hisprerogal Ivo. The only protectivo measure that is just and that should receive the sanc tion of the American people is one that will protect tho American laborer from the competition of tho heathen Chinese and from tho pauper and criminal classes of all other countries. This pro tection is afforded neither by the Mc Kinley law nor any other tariff law. They are framed to protect the rich and not the poor. The protection of Ameri can labor is tho very highest duty of the nation. Such protection is not based on the indefensible grounds upon which tariff laws are framed, but is rather based upon that broad and fundamental doctrine that it is tho first and most im perative duty of all just governments to afford to the weak the most ample pro tection. For long ages in the world's history cities were guarded by massive walls and towers and ponderous gates. With increasing civilization these walls and towers and gates have disappeared, and no armed resistance is made to tho ingress or egress of people by any city in all Christendom. Wifh inr-ronoirir advancement in knowledge the burden some tariff restrictions now existing on trade will also disappear, and future generations, enjoying alike the liberty of travel and traffic, will clu&a these out grown restrictions as the twin offspring of a semi-civilized era. The'age has al ready neaily outgrown them. Political economy as taught in all our higher institutions relegates a protectivo tariff to that seclusion assigned to it by the logic of justice. To-day only the thoughtless and selfish are its defend ers, and the timo a nnr. fur fl'atnnt whnn with the ever-increasing enlightenment of our race, the defenders of tariff laws framed to enrich some at the expense of others will have become so scarce and infrequent that they can only be seen in the sidebhows of some traveling circus where they will be exhibited as great living curiosities. Tho cause of exist ing national distress is a lack of sound money and not any particular adjust ment of tariff laws, and those individu als who aro engaged in diverting public attention, from the disastrous oppres sion of the British money power, to the insignificant question of tariff legisla tion, or to the more insignificant ques tion of resistance to church organiza tions, which have relieved rather than produced the present distress of. tlie people, are as culpablo as the man who would call his neighbor's attention to tho danger of being stung by a bumble bee before him, while at the -same time he knew .that a rattlesnake was coiled up behind him, ready to make the fatal stroke. Income Tax. No fairer system of taxation could possibly be dovised than the taxation of incomes, by which a man pays for the support of the government according to his ability to pay. Under tariff taxa tion a mau pays on what ho eats, drinks and wears. Under that system a labor ing man, not worth a dollar in the world, with a family o? 10 persons, pays nearly 10 times as much as his bachelor neighbor worth a million. It is indeed most astonishing that such an unjust and un equal moda of taxation could bo toler ated among an intelligent people. And then when to the tariff laws are added the proteotjvo feature by which the poor man is not only compelled to pay an undue share, for the support of the gov ernment, but a tax for tho enrichment of monopolies, it becomes a national offense so rank that it smells to heaven. Take, for instanco, the people of Ore gon, and how very few, comparatively speaking, are benefited by a protective tariff; and yet every man not bene- uteu is surely injured. ( There are no neutrals allowed under a protective tariff. It js the old game of robbing Peter to pay Paul, and every citizen of Oregon can rest assured, if he has not the clear figures to establish his identity as a fortunate Paul, that he can safely be counted among the innumerable hosts of poor despoiled Peters Under an in come tax no such robbery can prevail; a man pays according to his means; a system which has the sanction, of both common sense and common honesty. The Roman people 24 centuries ago changed their system of taxation from a per capita tax to a tax laid upon citizens, commensurate with their wealth and ability to pay, and the American people should follow that just example. If the "Wil son bill becomes a law the income tax feature will be placed upon the statute hooks never to be removed. For this STeat Rtrida tnw.inl inaf avstnin nf taxation tho. nation i3 indebted to the Populut party, which was the firht to demand it. With an ' income tax all tariff taxation upon the necessaries of life can be removed, leaving it alone upon the luxuries. Sllrer. At the c'ose of the civil war the irMonal iij dbtedneas amounted to nearly three billions of dollare, the greater portion pf winch was, payable in lawful money. In 1809 congress de clared that this debt should be paid in cin or its equivalent, in 1$70 that it sumild be paid in coin of tho present standard value, and in 1873 silver was demonetised, tUna nakns " whole deht payable in gold coin, thereby im measurably enhancing the value of the wnds and the burden of the taxiwyers. the parliament of Great Britain pos--d the right to legislate for tho i mtl htatoa. and if it desired to legis- directly for the benefit of the nnty claw of Europe and for ine spoliation of the people of couutry, it hi not possible ' f,,nHhave devised more effica- u - a to secure that result than the congress of the United States has passed, ThoUni'elSta-c- is the greatest silver-producing country of tho world, and it is a debtor nation also, and yet con gress has legislated to depreciate the value of silver and to enhance the bnr d 3ti of dobt. Such a course is worse than follyr it is n crime. By tho demonetization of silver not only has tho burden of indebtedness lul-ii increased but business has liecome prostrated on account of an insufficient supply of money with which to effect ively procure an interchange of com- ,uu'u' ie .uiana law of 1878 and the Sherman law of 1800 relieved tho difficulty to some extent, and yet the silver dollars coined under tho Bland law and the certificates issued under tho Sherman law hurl hnti, f m. . brand of bastardy, as under both laws the money loaner was allowed to dis honor them. Never, never, will we have prosperous times again in this country until silver is restored to the position it held for 80 vears nniW th n-nvi..,, as full legal tender money, with equal privileges of coinage with gold. The contraction of the national currency by the deni.il of the eoual roinnrm nf ciu-nt- with gold, and by the deprivation of its legal tender qualities, is now bearing its bitter fruit in the present unfortunate condition of the country. We need go no further back than the history of our own country, although the whole his tory of the world is replete with the same lessons, in order to show that the present stagnation of bnslnpsa anil min. ous fall in prices is directly the result of wo couiraciion or tne currency and the refusal to use silver as full debt-paying money. In this country from 1809 to 1848 the purchasing power of the precious metals increased fully 145 per cent. This was the result of .a diminished supply conse quent upon the trouble between Spain and her American colonies. From 1850 to 1865 prices gradually rose and busi ness prospered as the legitimate result of an expanded currency furnished by ma gom mines or uuitornla and by the issue of treasury notes during the war. From 1873, when silver was ilnninnn. tized, until now there has been a gen eral fall in prices and a material check to national development consequent upon the decrease in the volume of money, relieved, however, to some ex tent from 1878 to 1890 by the operation of the Bland law. The following figures are significant as to the effect of a full supply of currency. They are the fig ures of commercial failures in the years given: No. Liabilities. ' S 7,8W,Ui a.iw ttH,4n,4'U iM'U 17817,427 1.7 fi57.778.CD7 In 1803. with nlentv ot irainm-. th failures wero light. In 1873, with a con tracted currency, they wero heavy. In 1883, under the very small relief fur nished by the Bland law, they were re duced, while in 1893, under the British policy of contraction, as sanctioned by John Sherman and Qrover Cleveland. they becomo absolutely appalling. But it is claimed by some, upon the strength oi ngures lurnisneti by the late Secre tary Foster, that the per capita of circu lation is as great now as during the war, ho giving the per capita for 18G5 at ?20.57, while he gave that for 1891 at $23.41, which is about what is claimed at the present time. That the highest treasury officer of the United States should give his official sanction to a falsehood of that character denies to him the respect of his fellow citizens and relieved him from their avninathv. as his private fortune went from his grasp in the maelstrom of inoney con traction against which he sought to erect a barrier of fabricated figures. The treasurer's report of 1805 (Statis tical Abstract No. 9) gives the total of tho volume of currency for that year at $1,180,107,147, exclusive of the $829,992, 500,780 notes, "many of which," as the secretary said in his report, "were in circulation as money, and all of which tend in some measure to swell the infla tion. " Add these notes and we have a total of $2,101,890,470, which, as it was confined principally to the 24,000,000 people of the North would give a per capita circulation of nearly $80. It is urged by some bimetallists that the United States should not attempt the restoration of silver as full legal tender money alone, and that it should bo done by an international agreement. It is as necessary that we should be released from the hardships imposed upon us by the gold oligarchy of Great Britain as it was that our Revolutionary fathers should have lieen relieved from the liard ships imposed upon them by the parlia ment of Great Britain. What would have been thought of a member of the nnnfinanttil nnirrp if lia hnfl nrnnnsAfl that the colonies should not think of in dependence without Great Britain's con stitutional right whatever to discrimi nate against either metal. The gold basis advocates insist that VOll mnnnf lnmolnfn iA 2a" .vb.oi.uc tiimu uuu muney, and yet they take very great care that nil infri&iHi;. .i.u -l . , . I .. .Kbioiuuuu oimii not oniy ne in xavor of gold, bnt shall also be against silver. With equal legislation the metal in ft1 silver dollar would have retained its value, just as the metal in a gold eaglo has retained its value, and equal legisla tion will again restore the equality be tween tho market valllfl anil thn Wnl tho country to-tha very verge of finira cjal ruin. Oh, for one year now of Andrew Jack son 'as' president . i 1,1 Got-erament Loan. ,,, Tho CrdVernnlpnt nnw lnnn mnnnv only to !tho national banker. When ho wantamoney he goes to tho government and pawns his bonds at nine-tenths their face value. . He xcoeives his money and leaves his. bonds in pawn. The Populist party, demands that this exclusive fa-' voritism shall cease. They demand that sSK 9P0 n mh fc it vnillft nrwl tho Inrrnl . VnriHdm DhnlT habda rntA tlnnnUhnf value of silver. Some of our Rerrabli- everv person having crrtml RwmritvRhjill can friends claitn that if we have freo he placed-on an equality with tho nn coinage of silver other nations would tidnal banker. If the government should not like-our silver money, and we would follow the example of tho state of Ore thus be hampered in our foreign trade. gon which loana its 12,500,000 of 6chool COUCCUinCT. foT thn RnVrt nf nrnmmffnf. J mnnAV n-nnnilm-nrnirol nw nnAw jm u. ...... v Vm. 0uuvv, I - wj huj uiii u n,u lit 1U .UJ'G4t.J All that assortiou to bo true, it would then amounts not to.exceed JV5.000 to imv nnn . . i - --- Year. lPKi .... 1873 ISA) 1S0J. ... flfn sent? And what must we think of men who deliberately propose that we should remain in the financial bondage of that country until feuch time as its money lords consent to remove the shackles ...1.11. I.in.l ,a na fliair tlimlta? The dire predictions made by the ad vocates of a single gold basis that the free coinage of silver would drive gold out of the country and leave ns on a sil ver basis is .the same old croak that was made against the Bland law of 1878 and which is most completely refuted by the statistics of the United States treasury department which show tliat the stock of gold in this country increased froin i878 to 1890 to the amount of $450, 000,000. The objection that with the free coinage of btlver we would have dollars, the metal in which is worth about 60 cent?, can be answered that with free coinage the metal in a dollai would then be worth a dollar, for m. man wonld be foolish enough to sell hi bullion to others for less than a dollar when he can have it coined into a dollar The fnrtlwr objection that the free coin m it 1 ... 1m t,itl.rof if till flil age oi suvcr ia in " -.-- -"- ver miner can bo aiteweml that to dem its free coinage U in the interest pf th gold miner who now has a monopoly The conswuuou jcv.- -"'" I and bilver as money, and provided for their coinage, and ( had no tou- necessarily follow that as foreign trade rtoumtnus bo restricted, a correspond ing impetus would consequently be given to domestic manufactures, just what our Republican friends profess to desire, and therefore, upon their own assumntion. everv nrntwMnniaf nVirmlrl be in favor of the free coinage of silver, Paper Jlouey. There has been a great deal said about the necessity of having "sound inoney " Tho Populist party js. the only one that proposes to furnish such money. That there is a necessity for paper money is conceded bv all. Tho stinnlv of miA nmi silver is entirely insufficient to do the worms ousiness, compelling all civil ized countries tO nse naner inonnv to supply the deficiency. The world's sun- ply of gold money is estimated at $3,-' 7UO.000.000. of Rilvpr mnnnv 3 RAO 000 . 000 and of paper money at $3,900,OiOO,000. The Republican party deniands thaj;, gold alone should be full legal tender money, .with silver and national bank notes as currency not a full legal tender, Tho Democratic party that is Mr. Cleveland would also have a eingie cold basis with silver and stnto banlr. notes currency, also not full legal ten der. The Ponulists derfnrn for colrl ntid silver and treasury notes, all full legal tender money. The monev in tho countrv in the treasury and in circulation on Julyl,, 1893, is given-at $1,593,726,411, of which amount there were in gold and gold cer tificates only $495,603,711, leaving a cur rency of $1,093,123,700 silver and paper, bereft of debt-paying qualities. Can any currency bo called "sound money" that is incapable of paying anyandj all debts? And yet, ridiculous as it really is, the two old parties that demand, that gold alone shall be full legal tender money, and that the great bulk of cur rency circulated among the people. shall be incapacitated from paying debts claim to be the onlv ones in favor of EOUnd monev. No monsv is sound monow that is not full debt-paying money, and mereiore tne ropuiist party is the only party that is the .advocate of sound money. Let the policy of the Populist party bo once put in force and the pres ent disastrous condition of affairs, sololy the result of confining tho business of the country to a single "gold basis, would be followed by an eia of prosperity un paralleled. If gold and silver and treasury nptes are all made, as they ought to bo, full legal tender money, it would do no harm whatever to make tho tronxn-rv notes redeemable in gold and silver, for if treasury notes were a full legal ten der they would perform tho full func tion of coin, and no man would be fool ish enouKli to ask for their rednmnHnn and then the secretary of the treasury could easily do what is now a most grievous task, keep the treasury vaults full to repletion with coin. Nor would bneh treasury notes ever fall below par.. History does not record an instanco where tho full legal tender paper money of a solvent government in the full exer cise of its taxing power ever fell below par, nor Could such a contingency ever possibly occur. If Secretary Cnrlisln liml laono.l ra 000,000 treasury notes without interest, but with full legal tenders for all debts, instead of issuing" 50,000,000 6 per cent bonds and he had as much logaliau thority for the one issue as for -tho other not only would the government have saved $2,500,000 annual interest. but the treasury would not have been drained of its gold by the parties who desired to buy the bonds, and it wnnM not be subjected to a subsequent drain by the same parlies, who, having the bonds, will now present silver certifi cates, and get back their gold also. If treasury notes instead of bonds had been issued $50,000,000 would have gone into the ceneral circulation, which wnnM never have been presented for redemp tion; for liaving been full legal tender, they would have performed al the func tions of gold. But such an issue of treasury notes would have been in the interest of tho people and not the banks, and could not therefore be sanctioned by the present Wall street administra tion. The main fight against the free coinige of Bilver is by the national banks. .They desiro gdld alone as legal tender money and an, unlimited issue of bonds upon which they can issue their bastard rag money to supply the ro- inaining currency. The banks now are fighting for the financial domination of theconntrv. nnl most unfortunately for tha country we navo aa preaweui a urover (Jieveiana instead of an Andrew Jackson. The hanking monopoly in his administration fought for supremacy. In his farewell address he referred to tho itrnggle. He said the distress and alarm which per vaded and agitated the whole country, when the bank of the United States waged war upon the people in order to compel them to submit to iU demands, cannot yet bo forgotten. The. ruthleea and unsparing temper with. which whole cities and communities were oppressed, Individuals impoverished and rained and a scene of cheerful prosperity changed into one of gloom and dexjKmd TftrfiOn. nnrl nf. nno.tMnl la n,nlakT value of the property, there could bo no safer loan possible, and the effect would oe iar-reacmng ana beneficial. It is not an experiment Thepractica bility" and usefulness of the scheme hayo been tnos fully demonstrated hero in this state. And something of this kind must be donAROOn. or tha tnnnnv.lnnilora Will own the whole land, and all other Classes, will become their teriants and slaves. Even monnroliinl TIiirsIh tvns compelled to adont this ulan to savo its peasantry from Tuin. -rain . Uarpenter, tha noted syndi cate writer, in an article which nnneared in The Oregonian Oct 80. 1892. said: "The 'government (Russia) has a land bank which; loans money to the peasants in order that they may purchase land. This l).lnlr xvn.1 onnnori nlinnf 10 nro ago and it makes loons to both individ uals" ond -to villages. The 'government puts abbdt $3,500,000 into it. every year and since its organization it has mado over 700JOOO loans to more than 200,000 families. In addition to this thnro nrn various waya pf loaning money to farm ers,, ana tno government of Russia makes advances on crrain stored in ware houses or delivered to officials of the seVeral rallroadK-in hn cnnntrir This system of loans has been going on now for more than fouryeara. It is very popular and a great many of the peas ants take advantage of it. It is no won der that they do bo, for the charges are union less than those of the usurers who abound In every district of Russia and who are sucking the life blood out of tne people. " It is indeed somewhat humiliating to OUr nride. who claim to lio tlin most. fill. lightened people of earth, that we are uuijciii-ii iu jj iu aubuuuu ior u per fect 'system of votinir. to Switzerland for a inst avstem of makinir laws, to Austria for a needed system of govern ment depositories, and to Russia for a most necessary system of lending money to tho people. Let the government accede to the demands of tho people and lend money as in Oregon and Russia on landed property at a rate not exceeding 4 per cent, and in limited amounta to each person, and establish government depositories as in Austria, where it will pay not exceeding 2 per cent interest on deposits, and a perfect financial system will be established that will both pro tect the borrower and tha denositor. nml yield a princely revenue to the govern ment, wnicn to a very great extent would relieve tho noonlo from tnmHon for its support, and which would arrest the fearful tendency in this country to the concentration of wealth in the hands of a few. According to" the census reports in 1800, 01 per cent, of the people held 91 per cent of the wealth, while 4 per conf. held tho remaining 9 per cent, leaving not moro tnan o per cent paupers, The census of 1890 shows that 90 percent are living from hand to mouth, practically paupers, while 10 per cent own 84 per cent, of the wealth. To spme extent tariff legislation has been responsible for this, hut to a far greater extent it has been attributable to our system of finance and tho high rates of interest demanded for money. When tho old United States bank was, chartered, it was provided that but 0 per cent inter est should be charged, and Alexander Hamilton expressed the hope that within so years interest would be reduced to 4 per cent 8Ince those earlier and better davs. the covernment hiu lfirrialnfui In nancial matters directly in favor of tho money jenaers, ana iney are rapidly absorbing-the entire wealth of tho people. Thirty-five years ago I fraught school in a town situated in one of the most fertile counties in tho upper Willamette valley. At that time a gentleman with a email basketful of type and a hand press was publishing a weekly news naner. He then waa not worth r.v.. ably nearly as much as anyono of 100 fanners that lived about the village. Shortly afterwards he Bold hia paper and went into the banking business. After the lapse of a third of a century, the farmers alluded to, after toiling and -worrying the whole year round, year after year, in summer heat and winter rain, are wonn no more now than then, while the banker, without irach toil and worriment, has accumulated wealth suf ficient to buy out the whole 100 farmers and have a large pile left. Is not a sys tem of finance which thus allows the few to absorb the wealth of the many one that should be remedied, by law? Anil is it not hiorh tima that, (h a ., ment should interpose, as Russia has done, by making government loans upon land to save its yeomanry from the money lenders who are -sucking tho life blood out of the people? No ytpotheoiU of Prf ml. We nave Indeed fallen upon evil time, and recent important political events in our national Idstoryare really beyond the explanation of human intelligence. That a great political party should se lect stubbornness of will instead of breadth of intellect as the urnrwr rmall. Hcation for the chief executive officer of the nation, against the protest of its able leaders and tho preference of its voting tuaatn. and that ness without authority, of, la.wj attempt to force secretly and in a most treacher ous manner a discarded monarchy upon a foreign freo people, and worst of all,. in littm-dlaroirnryl nf tho hUImltni r, honor, refuso.to carry out tjio pledges of his party for financial reform, which re fusal has been more disastrous to tho nation than tha Into civil irar in tVin (in struction of business, tho depreciation) vi juuimigr uuu iu 111a wuuv, uusury HUU suffering imposed upon tho millions thrown Out pf employment,, aro gravo facts so discordant with reason and ab horrent to Patriotism iui tti ntmrirAr nn. liftf ltfirilf nVlfl nmnaa tmartintnri r9 Mia (correctness of tho popular theory that our people aro capable of exercising the ,.i.f .t if . ... i. ( wi.v wi ocu-ftUlUlHlllUllt, It is entirely impossible to conjecture, what national crime has been commit ted in expiation for which4our country is -compelled to suffer au .administration nf irmrnrntnmif f)ia Mitaf s11afimi(alitr characteristics of vhich nro an egotism that disdains instruction from tho plain lessons' of eparienoe and a callousness that is oblivions to tlie appeals of n Buf fering neonfc. while it nnrniata in wronlr. ing tho entire business of tho country and dooming, our heretofore self-reliant and independent yeomanry to a lifo of idleness, pauperism and sorrow. Tho free Institutions bequeathed to us are now on trial, but from those pres ent uffiictions under the providence' of God maybe educed higher wnd more en during prosperity" Tho pluin ailterna tivo before us is impeachment pr empire, for unpunished usurpations becomo ptocedents fatal to iree gayernmente. In this emergency thopatriotisin of our forefathers fl.q rliar1ui.Wt in llln nnliintrn- mont of our liborties will again bo ex hibited in their defense, tho incubus that is crushincr our imlnstrins will hn . moved by a congress representing tho popular will, an American financial pol icy will bo established, and prosperity and happiness will be restored to a nearly impoverished and dishoartenod people. As a wholesome lesson to com ing generations, tho noothnosis of framl should be abandoned for a devotion to principle by inflicting condign punish ment upon a refusal to regard tho plain obligations of party honor. Ouncluatoii. . Tho errand total of Ihn nntmnnl lin. debtedness of thq soveral countries of the world is $27,890,000,000. and More- ton Frewen estimates the debts of ihe world of all kinds ut $150,000,000,000, If these dobts aro mado navahla in poIiI. the world's stock of- which, as "wo havo Been, being $3,700,000,000, how are such dobts ever to be paid? The secretary of the treasury, in Ids statement "fdr Jan. 1, 1891, gives th6 total gold coin and bullion in the country' nt $000,905,090, deducting from which tao.810.010 fron gold in tho treasury belonging to' tho United States, would leavo $380,080,680 held by banks and in circulation. Tho gold holdings of the banks for Oct, 0, 1893, was $174,880,002, leaving in cir culation outside of tho banks $411, 208,018, or about $0 por capita, Tho public indebtedness, as comnntflrl from tho elevonth census of tho United States, tho several states, tarritorfo counties, municipal and school districts, is w,va,i v,o;i. jijie population by the samo census is glvon at 03,022,250, making a ir capita indebtedness of over fJ. When to this Indebtedness is added the vast aggregate b? corporate and individual indebtedness, makings total estimated $32,000,000,000, tho folly of doing business with gold alonoas full at a 9 cnangeu inio one ui giuviu ami ijcsjxjbu- i voting uiiuwa, auu ium outii umcvr, ency ought to be indelibly impressed on without being subjected to impeach the memory of the people of the United raent, should pursue open bribery of States. History has repeated itself and national representatives and by official I tne bants oi me country, wiucn xroin pauiutsga uium mm vi cungrvw wuh May 4 to July 12, 1693, contracted tbtJr repugnant to Ids indiridoal Inclination; Win $184,000,000, haro again brought augment the national loaded la4U4 legal tender inoney can be seen glance. Is it any wonder that confidence has been destroyed and that A panic Las swept ovor tho land? And what has been tho result of that panic? Mr, Jos6phR. Buchanan, a careful statistician, crivnu 'the adult walo population of the United states at 13,000,000, or which 0,000,000 aro wage workers, and of these there aro now out of work 2,393,000. Ho esti mates tho loss Of WaiTPS ta worlrmnn for seven months beginning with Septem ber, ibim, at fuua.oiuviou and the total loss iu this country oft account of Hhrink atro of wnirea and prices for thans vnar at $2,710,198,528, whioli is mora than tho cost to our government, or tne last war which wiw $2,700,000,000. All of this immense national less is tho direct and legitimate result of al lowing foreign capitalists to dictate pur financial policy. Their gold can now purchase nearly double what it could four years since. One hundred and eighteen years ago when our fathers re belled against tho crown and parliament of Great Britain, tho only tax imposed upon tho colonies was a trilling .tax on tea. Now tho flnan.cial lords of Great Britain are taxing our whole people by means of the single gold standard out of our liberties and our hoines, Is It not high time for another rebel lion against British role? A third of a century atro. tlie nation anrano- in im and an enslaved race was stt free, Shall we not now muster at the ballot nor oni liberate our whole- people of all races . from our present financial thralldoml On New Year's day, of this year, The 1 Capital Journal of Salem was delivered at my office. It -contained a most abase ive editorial against me on account of my Christmas letter to Cleveland. If I ever performed cue conscientious-act in my life that was one. And; told the truth and for it I was abused 1y nearly every plutocratic paper In the lani lathe local columns' of The Journal was an account of the - nf (m yonng men in Salem for stealing. They had the previous winter atteiuled the Willamette untverslty, and wished to do so the past winter but being unable to get work during the summer they could not pay their tutitioa. Nor cotdd they get money to bay bread. They stole from the university some proVteious for which they were put It Jail, I par doned thein out They had theretofore borne nnimpeadiablo.characters. They committed a crime against the law of the land, but did they commit a- crime J against tlw divine law ? Holy Writ a serts that "men do not despise a thief If ' ne steal to saiury Ms soul when be is i hungry. " J I Nor were these two young-mi, who 1 wr willing to work ad oorM net, the ' realj cdlpritj, but' tho ;two old parifes standard, havo brought this, widespread stagnation qf business upon tho wholo country On tho morning of tho 29th of lost month, tho very dav on whinh Clevolond vetoed tho Bland bill, an As sociated Press diepatch from Carthago, Mo gave the account of tho killing of a.bnrglar In, a grocery store "Tho man proved to bo John Pctersdn n local car penter, loilir out of work7. Hn wns ntuil. ing to keep his wife and children from Biarvntion. " Almiarlltv God alono. throiiiVh hia in. finite knowledge, comprehends, and in HIS- infinite WJSllnm nnn .mnniinm lin Buffering and sorrow existing in count- ! noinos tnrougnput our wholo broad Jand which aro tho direct result of dwarfing tho business, wealth and pros perity of this country to a singlo gold standard. And God alono knows what a fearful weight vt responsibility rests upon those parties and individuals who have been instrumental in hrimrin thin widespread disaster upon our country, tho inevitable consequenco of our pres ent financial policy. mm- 4 I observo boforo me in this audionco many men who like inysolf have passed the threo-scoro mark of lifo. You woll remember when von stnrtnil out. f. yourselves about 40 ypars rigo tho vari ous opportunities afforded you. With a Dwelling volume of money, tho world was making vast 8trld03 of progress nnd the avenues of all industries wero opon to nil, HaVO VOU now sons ronrlvto otnrt- out in tho world for themselvas? "Whnt Is the prospect bofore them? A re stricted volumo of full leiral tender money has caused a Paralysis of busi ness, no demand for honest labor, no profit in any industry and the lack of any chance of making n living, unless they liave monev to loan. Enforpno1 idleness will enervate and debase them, VIGOR e, Ml Cssftr, 9Mtf, rrmBMUjr WCAKHEM. NERVOUSHKM, jriatlthitrtaof "PIXW! Irom euir erroi m Mali UKMU0 iMtTtft "'i lotntiaj y onr.eto. rullatrewMfS: ooTtlopniont sad Trafli' Kirrii tuvtrrf orgMI IillKlU Ul IDG Blmplr. natural ir unmefllatAlqinro' SS5 r"'i'i- imi 2.lSCl HfnnmnAa iav.vc.r.'"5 BMtled fMalarfi f T ERIE MEDICAL COJ BUFFALO. U. V N01 ICE TO CONTRACTORS. it??HP.t?i!iL8?2Eh.0 oti ef a bnUi ,Vr;7iirt K...Y" ",,"i""r . "" WW .hr.'."";ir i.1-".""? 7".-"u" pr mm until lirfM. ' ' "i?1? hJ .IS. w L;-.-.ii;'"f ""1 ""' Mm, inn. m hSk nr 'Mm81 be C0O1,Pn,e'l by a eertHfesV tell, speoincatloBS can be hwb at t SSI01),? ?". ""n. Architect. PorUsaa, Uf . oeo. w. MoriltlUK, neo'y Of rWtT a JJ. McKUiOY, "XHiVij Salem. Oregon. April Ji. JMiL itP4ft for "an idlo brain is alwavH thodnvil workshop, " I appeal to tho mothers of Oregon, who, although without a voto, aro not without their influence. Every one of them should labor for tho success of tho Populist ticket. Thoy'all, with a mother's loso for their children, feel mOTO ltennlv thnn nthnra tin Inalrn )a havo thorn well startod in lifo, and thoy, moro Keenly than others, feel tho chag rin and despair pecasioned by tho lack Of OllDOrtunitlos now offornil thnlr anna and daughters for enjoying u respectable livelihood. Nor Is thortLonrt ninn-ln nnr. son in all Oregon whoso interest would not bo subservod by a ohantre in thn financial polioy of government to which alone the Populist party is pledged. Thero.uVust be a chango boforo thore can bo prosperity. Lot us adopt an American instead of a British policy of flnanco; lot us socuro to tho peoplo a suflloiont supply of sound money to meet tho full requirements of business; lot us lOoson tho grasp of tho money lords from tho throats of our people nnd tho hum of Industry will again bo hoard, tho homo of tho lubomr will again bo gladdonod by a sufficient supply of food nnd clothing for his ill-clad, half starved Wife and nhililrmi. thn lnrlr shadows now resting upon all will dis annear and tirosnoritv will ntnin luwtnw its benign benediction upoii every homo and hearthstone throughout tho entire domain of our wide-extended republic. Proposals for Wood, OKALED DiritJ For ftiraUhlDg- wood wills Q reonivod nt the ofUce of the riera iifMimS iKtrictUo 21 until 2 o'cloch p. m, wlftE. ay May 1.18M mi wi be oiwaeaat uS fftularnieotlncortho board oldlreetowaTI ,, v m.ui aiu isi aay 01 May, Jo ttt J cords nr, J'atk, 13 cords oafe. GO cord u tiwi -mom. tu cords oan, 160 cordx flr, Hon. -ulani, M cords oak. 60 cord, flr? (MaiiWTa , , ,...., ,, UIHIII, 14 cordn flr. All wood muit be 4 feet In length, reaaea. It straight and cotded cicely ' nio fir must ba laigeor body wood and the ok muu be spill on and not grub wood" .ill bids0" r,serveiH tue rlut w reject any or Doiio'by orderof the board April 8. 18W. West- W. U vs AUK,ChMrjBm 4 T 1 BOZORTH, District" Urk.f Mdw. WANTED AGENTS -to sell- BROWN'S NEW FOUNTAIN WASHER. Itest Btearn Washer known.., SajnpJ- ...u. w,i,ui, iumrui-iiaDi seat lOAKftll xprea-charges prepaid on receipt t f mM, i6tr ' tiie,a y TREASURER'S NOTICE. reHlMruneat. HA wm, April 21.188., NOUi'K la hen by pm Itmt thn trt muds on hand with wu rh'to redeeta all iiimlnntllnf. wuiiiit. .i.i, .,... .. .u. - hose drawu upon tho military fundjMidonwa, "Presented, unit not paid for want ef dibv' i. , " """ """""'Ut reuraary , im, BH4 hv suld warrants properly endorsed, will b thereon ceasing Irum. and after, the date of 2iaw State Troasurar. ". "I jfi 4 f "I speak not out of weak surmises, but from proof." LARD MUST GO. since COTTOLGNE has come to take Its place. The satisfaction ,wun wnicn the people have hailed the advent of the New Shortening Cottolene evidenced by the rapidly Increas ing enormous sales Is PROOF POSITIVE not only of Its great value as a new article of diet but l flkn cnfnVUnt nrnnt nt tl general desire to be rid of Indi- itestihlft- tlnUhnUcnmj. Ilnann.. zing lard, and of all tlie Ills that iara promotes, 1 ry Cottolene at ones and waste no time In discovering like thousands of others that you have now house; FOR LARD. irruste all sTu1tituti:s L,touio toiid only ty N. K. FAIRBANKS CO., . kuuis stnsj tZf -: DRESSMAKING :- In tho LATEST FASIIIONABIE STYLES. Hpcclal attention given to 011IU)IUU-'B 8TVLE3 CUTTING AND lftTTINQ A HrKCXALTY, Shop In W.O.T.U.Rooms, Court St. MItS. E. M. STEELE. REEVES BROS Building Material AND WOOD, SAND, GRAV3BL Lime, Coment, Plaster, Cord wood &,, &o. Ofllco 160 State Street. 1 THESOCIETYFWORES CHICAGO LADY QUARTETTE and iWtDeerl ---"-'---- ni.l.t ml -" . w w. .w ..i. i,u mlTAidiruM 1 1 I r. Lr .1... r. are m i7tki ( ivtry luember JS tat .""w tmm ? immmmm a gai lM vsrywiMmt. Mad only by The Cktu. E. Hires Co., Phlhuia, tm U. -am M I .. ion TU-ou eu .x m Cornelia Neltnor, Impersonator, Will appear In Halera under tha auplM at the Y. M. O. A, on Wednesday Evening, May 2, '94 MARY B, WEAVER, First Soprano and WhrtJtr. EDITH BUSIIEE, CantraK. ELIZABETH LUDWIG. Heizo Soprano and Pjanltt, AIICE MERRILL RAYMOND, Phenominal Alto StrfsH CORNELIA NELTNOR, Queen of Im-wtf-alm. A wondeiful combination of talsaf, hotitar and training, Citmpirn m1raljilnn f,n ivtnlm "- 85 vents; 'i& ceuls extra for Hrv4 seats. Iteecrved Beats at I'attoa 11m. THE WILLAMETTE, 8JXJSM, OMXGOX. Xntrn, $SOi.0O kwlft TttslMst hotel betwse IfirUa 4 fss JTraucUui. Klrrt-clmallHsniilwMiHi, Its Ublts are sensa With Mm. Choicest JTruit Orowa In tfce WIUfmtM YJJf. A. I. WAGHEB. rrnp. C;,M, LANE, I MEKUWANT TAILOK 1 ti 272 Coaiinsrolal trs, Hkwe OtMb. yofoicrly tftfittimm trsH, PorUsuwl, Onoi), K m ' f ft-' i ,. . m,.mffaz.k&, .. . il