The Southern Mercury. (Dallas, Tex.), Vol. 13, No. 24, Ed. 1 Thursday, June 21, 1894 Page: 1 of 16
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" Organize, Educate, Co-Operate."
OFFICIAL JOURNAL FARMERS*
STATE ALLIANCE OF TEXAS.
"Liberty, Justice, Equality
Vol. XIII, NO. 24.
dallas, texas,
JUNE 21, 1894.
WHOLE NO. 648.
i 1 ^
SHERHAH INDORSES SILVER
A SCATHING ARRAIGNMENT OF
CUCKOOS AND POLITICAL
PHARISEES
The Cincinnati Enquirer, Though a
Recognized Democratic Jour-
nal, Can't Tell a Lie.
The Cincinnati Enquirer of June 11,
says:
Senator Sherman, being asked by a
reporter what he thought of the silver
plank in the platform adopted by the
Ohio republican state convention, re-
plied:
1 can only say that I endorse it hear-
tily. It is in line with the views I have
always held on this question. I 'am a
friend of silver, and believe in its use
as money; but it must be used in such
a way that its parity will be maintained
with gold. The United States is to-
day using more silver than ever be-
fore in its history, and that kind of
money is just as good here as any oth-
er. Such a condition would not exist
if we did not maintain the parity of the
two r etals and make the purchasing
power of the silver equal to that of
gold. I believe, and the people of my
state believe, in silver money, and
when we can get an international
agreement on this important subject,
legislation will follow that will make
silver a more important factor in our
circulating medium.
Mr. Sherman is the gold king in
America. His word is law with all
the gold monometalists of the world.
He is the father of the demonetization
of silver. He worked at it six years
before it was accomplished. A letter
from him, earnestly urging the single
gold standard, undoubtedly turned the
scale at the great international con-
ference on coinage, weights and meas-
ures held in Paris in 1867. The Fran-
co-Prussian war had not then been
dreamed of. Germany had no incen-
tive to advance the value of gold, as
she had afterward, when France was to
pay her a thousand million thalers war
indemnity. Sherman has hunted sil-
ver as the terrier hunts the rat. It
has seemed the bane of his existence.
He caused the demonetization of sil-
ver in this country in 1873. He caused
the veto by President Hayes of the
bill to restore limited silver coinage in
1878, whicv was passed ovar the veto.
He defeated the bill for free coinage in
1890, and substituted for it the dishonest
trick known as the Sherman clause,
under which silver bullion was bought
and never coined, and paid for in notes
which, under his advice, have been re-
deemed in gold, when they were by
law redeemable in silver. Having thus
delivered to the people a scorpion,
which he assured them was a fish, he
then joined President Cleveland in a
raid upon the scorpion and took it
away without substituting any fish at
all. Well knowing that his gold poli-
cy is hateful to the people, because it
gives all the fruits of their enterprise
and labor to the small class of usuers
whom he represents, he schools him-
self to the task of deceiving and mis-
leading them. As they grope about,
looking for relief from their taskmas-
ters, and looking for leaders who will
give them back the money of the con-
stitution, he holds out false lights and
calls them to come toward him, and
sees them go down into the quagmire
of false pretense, made by false leaders
like himself.- All these are reasons
why he heartily indorses the juggling
resolution of the republican state con-
vention, which it is quite likely he
wrote himself. He says the resolution
is in line with the views he has always
had on this question. Every human
being in the United States, over the
age of twelve years and of sound mind,
and who can read, knows what his
views have alwayB been. But there is
to be an election in Ohio, and this re-
morseless enemy and destroyer of the
right of silver to be coined, is afraid
the republican party may be beaten,
unless he can fool the friends of silver
within its ranks. He knows that many
of them want to be fooled, and want
him to repeat his periodical meaning-
less talk about silver, so that they may
make it an excuse for remaining in the
republican party. It is for the benefit
of this class that Mr. Sherman made
his little speech to the reporter, which
we have above quoted. The absurd
mass of contradictions which Mr.
Sherman poured into the ear of the
reporter is as confusing, and intention-
ally so, as the explanation made by
Mephistopheles to the student in
Goethe's "Faust." He th us explained
his proposition:
"The first was so, the second so,
And therefore third and fourth are so-
We know the first and second then,
Or the third and fourth had never
been."
The effect of this upon the student is
shown by his reply as follows:
"I feel as stupid from all you've said,
As if a mill-wheel whirled in my mind."
Equally edifying to whoever reads
them are the words of Senator Sher-
man. They may be thus summarized:
He is is a ^friend of silver when its
"parity" is maintained with gold.
Silver money is as good as any "be-
cause we maintain the parity of the
two metala." We make "the purchas-
ing power of silver equal to that of
gold." If we can get "an internation-
al agreemqpt for silver money," legis-
lation will follow favorable to silver.
That is to say, we could get what we
(Continued on page )
GOVERNMENT BY MULTITUDE.
THE CAUSE AND CURE OF COX-
EYISM.
By the Hon, John Davis, Member
of Congress of Kan-
sas.
I have been asked to write a paper
on the Coxey movement. It is a new
thing in this country, but not in his-
tory. Among those who understand
the case it is no mystery. We are en-
gaged in solving the problem of civili-
zation. Shortly stated, our civiliza-
tion largely consists in the creation and
distribution of wealth. One prinoipai
agency in the business of commerce is
money. It is used in the change of ti-
tles to commodities. Money governs
price and prices control commerce and
industry, making them profitable and
prosperous, or afflicting them with pa-
ralysis and death. The matter of
prices may be illustrated by a state-
ment in long division.
Divisor) Dividend (Quotient.
Commodities)Volume of money(Prices.
The divisor is the people and the
commodities which they have for sale.
The dividend is the volume of money
with which to move the commodities
to market. The quotient is the aver-
age price of commodities. The popu-
lation of this country is on the in-
crease. That means increasing com-
modities and an increasing divisor.
The volume of money does not increase,
but, on the other hand, it is usually de-
creasing. These changes are contin-
ually roducing the quotient. That
means falling prices. Falling prices
mean paralysis of industry and com-
merce and the enforced idleness of la-
bor. Idleness of labor means human
distress, and if continued, starvation
and death. If this policy is continued
it means the disintegration of society
and the destruction of government.
There are two remedies. We must in-
crease the dividend as the divisor in-
creases or we must permit the divisor
to be decreased. Ttoe dividend can be
increased by the issue of legal tender
money. The divisor can be checked
and decreased by the starvation of the
people and by the various means of de-
stroying human life.
The empire of Rome tried to
solve this problem. Through the fail-
ure of the gold and silver mines of
Greece and Spain, the Roman people
were afflicted with falling prices.
Their volume of money fell from $1,
800,000,000, in the days of Augustus, to
$200,000,000, in the days of Columbus.
No human tongue can describe the
sufferings of humanity during that
thousand years known as the dark ages.
The people were destroyed faster than
they were born. The population of
Europe fell off one half, and, the divis-
or was thus reduced.
If Rome had restored and maintain-
ed an even and equitable volume of
money by the use of copper, as in the
prosperous days of the republic, or of
paper, as on the victorious occasion of
MetauruB and Zama, Roman society
might have escaped dissolution; but
her statesmen and rich senators and
patricians were so busy enjoying their
great estates, palaces, and fish ponds
that no approaching dangers could
arouse their attention to the situation,
The disinherited and suffering people
Hocked to the capital plteously begging
for food. In time their petitions be-
came demands, and they became mas-
ters of the government. Public offices
were attained only by the distribution
of largesses of corn among the popu-
lace, and even the Imperial purple was
worn by the man who could promise
most In public favors and bestow the
most food upon the hungry crowds.
When food became soarce again it was
but necessary to chip off the head cf
the reigning emperor, in order that
more largesses of food would be be-
stowed on the people In the new strug-
gle for the vacant throne. This was
"government by the multitude" in
Rome. It was Coxeyism in its full
fruitage. It could lead to but one end
—anarchy and destruction. Its cause
was shrinking money and falling
prices. The remedy of increasing
money and rising prices was not ap-
plied; the dividend in that example of
long division was not increased; hence
the other alternative of decreasing the
divisor was inevitable. The popula-
tion of the empire was continually de-
creased by hunger, privation and phys-
ical violence.
After ten centuries of decay, distress
and societary atrophy, Columbus came
to the rescue. The silver and gold
from America doubled, trebled, and
quadrupled the money of Europe.
Gradually the fibres of society were re-
united and vivified. Commerce and
industry enjoyed rising prices and be-
gan to flourish. The burden of debt
and taxation melted away "and,"
says Alison, "human rights were es-
tablished," -
At the close of the Napoleonic wars
England stood forth In the very fore-
front of nations. She had acquired an
empire that encircled the globe. She
was mistress of the ocean and dictated
the policies of Europe. The English
people were prosperous, jubilant and
happy. In 1816 the English parlia-
ment enacted a law restricting the use
of silver as money. In 1819 a law was
passed to reduce the paper currency.
At once the country was afflicted with
falling prices, paralysis of business and
industry, enforced idleness of the peo-
(Continned on page 4.)
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Park, Milton. The Southern Mercury. (Dallas, Tex.), Vol. 13, No. 24, Ed. 1 Thursday, June 21, 1894, newspaper, June 21, 1894; Dallas, Texas. (https://texashistory.unt.edu/ark:/67531/metapth185566/m1/1/: accessed May 21, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .