The Southern Mercury. (Dallas, Tex.), Vol. 15, No. 15, Ed. 1 Thursday, April 9, 1896 Page: 7 of 16
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WALL STREET TO ABOLISH CON-
ORESS.
As congress does not carry out quite
all of the demands oí Wall street, that
cesspool oí rottenness and band of pi-
rates is kicking, and want congress
abolished. Henry Clews, our Wall
street correspondent, gives congress
the following blessing in his last let-
ter:
"Not only men in Wall street, but
throughout the country, men of busi-
ness, are afraid of congress. The alarm
caused by the senate's Cuba resolutions
was not due to any apprehension of a
really serious disturbance of our rela-
tions with Spain, but almost entirely
to the exhibition which that action
made of the rash and reckless temper
of congress. First, we have had the
preciptaté action of both houses in
connection with the Venezuelan affair;
next the senate's vote on silver; and
now the votes of both senate and house
oh thé Cuba situation, which, if acted
upon, might easily provoke^ the most
serious cóñséqü >nees, botfi to the
United States and the cause of the
Cubans. These things have produced a
profound impression as to the irre-
sponsibility and the lack of statesmanly
qualities that exist among the men en-
trusted with the direction and guar-
dianship of public affairs. Not less are
men of business disturbed at the entire
failure of congress to deal with the
vital problems of currency and treas-
ury derangement. When citizens see
great questions of public policy, pub-
lic safety and monetary integrity turned
into mere occasions for a display of
electioneering tactics, they feel that a
most serious deterioration has come
over the spirit and morale of Ameri-
can statesmanship. When, in the
treatment of great economic and inter-
national questions, the country sees
principle forsaken for party expediency,
an)d the courage of honest conviction
eacriflcéd to either silence or cowardly
compromise, they are chilled by appre-
hension as to where such a drift may
lead the nation. In fact, congress is
felt to be no longer a safeguard in times
of emergency. Emergency indeed has
become.but the occasion for public de-
ception and party trickery. In such
times, congressmen deal with prin-
ciples and issues and sections as so
¡many pawns, in a selfish money-
making game of politics, in which no
question is dealt with on its merits, and
the settlement is shaped to gratify the
ignorance or the prejudices of the pre-
ponderant irresponsible masses. This
prostitution of statesmanship to pol-
itics is becoming a very serious element
in the every-day business life of the
country. It not only suggests grave
questions about the fundamental na-
tional drifts of the times, but affords
no satisfactory hope of the wise or
early settlement of the questions on
which trade and finance are now direct-
ly dependent. In fact, men of affairs
begin to feel that the large interests of
the country—'production, commerce and
Investment—are all at sea. A serious-
ly large numlber of the men entrusted
with the helm of affairs have converted
the legislative halls into an arena of
selfish struggle, where personal and sec-
tional interests outweigh great na-
tional interests.
1000, and the contraction of the money
in the hands of the people has there-
fore been about $100,000,000, which will
have taken place in not much over a
month. * * * Only two instances of
a traceable contraction anywhere ap-
proaching this have previously oc-
curred in the history oí the country
since the war."
The radical goldbugs, such as the
editor of the Bankers' Journal and the
Wall street gang, have been contending
that there was a redundancy of cur-
rency, and that it ought to be con-
tracted. Such an argument as that is
never used among the masses of the
people. They know the people do not
agree with them on this issue, and
hence when the Bankers' Journal says
there is a redundancy of currency, its
words are intended for the ears of bank-
ers and money gamblers, who are its
chief patrons.
The Bankers' Journal says in the
extract above that the contraction re-
sulting from the late bond sale has
been about $100,000,000. Only think of
an administration contracting the cur-
rency at a time when business all over
the country is hanging onto the very
ragged edges, and failures occurring by
the thousands! It is the most criminal
policy that could be conceived. The
reverse should have been the action of
the government. Instead of contract-
ing the currency $100,000,000 It should
have beeh inflated to the tune of $500,-
000,000 of legal tender money.
This contraction is to be perman-
ent, as it is the policy of Mr. Car-
lisle now to retain the greenbacks in
the treasury. Congress refuses to de-
stroy the greenbacks and the money
power proposes to defy the will of the
people and destroy them at their, will
by ordering Mr. Carlisle to hold them
in the treasury in defiance of law. Thus
the bankers and money combines are as
absolutely running the financial de-
partment of the government as though
they were actually in charge of that
department.
This is the condition of the federal
service to-day, and the only way to get
the government out of the hands of the
money gang is to defeat both of the
old parties. As long as either one ot
the. old parties holds the power the
ruile of the money grabbers will be su-
preme. This is the stubborn fact that
confronts every citizen and voter of
the land.
LOOK OUT FOR A PANIC.
The last bond sale by Mr. Carlisle
has resulted in the most ruinous with-
drawal of the currency since the con-
traction ordered by the banks in 1893,
designed to force congress to repeal
the Sherman law.
Of course the money gang and their
hirelings and slaves acting as bosses
for the old parties will deny this as-
sertion. They will say it is a populist
lie, and that there has been no con-
traction of the currency resulting from
the bond sale. Luckily the Mercury in-
troduces a witness that can not be in-
fluenced by populism. The Bankers'
Magazine is certainly a goldbug wit-
ness. In its issue for March it says:
"The recent bond sale will effect a
considerable contraction in the volume
of the currency, as when the whole
proceeds of the sale, viz., $111,000,000,
including premiums, have been paid
^ in, the treasury will have received al-
most the whole of that sum from the
outstanding stock of currency in the
country. The amount of gold imported
from abroad bias not exceeded $15,000,-
CIIRISTIAN GROVER.
Grover Cleveland is not a Job by any
means. He was a seducer in his young
days and a hangman in his more ma-
ture years. In his old age he is a robber
of the poor, a creator of orphans and
pauperizer of parents. He has placed a
debt of nearly $300,000,000 on the fu-
ture labor of this country that must
carry want to millions of families, as
labor must pay this debt. This is the
man who as presiding officer of a con-
vention of Presbyterian home mission
people recently in New York, slandered
the west in the following manner:
"No one charged with the duties and
responsibilities which necessarily
weigh upon your chief executive can
fail to appreciate the importance of re-
ligious teachings and christian endeav-
or in the newly settled portions of our
vast domain. It is there where hot and
stubborn warfare between the forces
of good and evil is constantly invited.
In these days the vanguard of occupa-
tion of a new settlement is never
without its vicious and criminal ele-
ment. Gambling houses and dram-
shops are frequently among the first
establishments in a new commounity.
It must also be confessed that removal
from old homes and associations to a
new and more primitive home has a
tendency among honest and respectable
settlers to smother scruples and to
breed toleration of evils and indiffer-
ence to christianizing and elevating
agencies."
RAISING THE PREMIUM ON GOLD.
The following dispatch relative to the
action of the government increasing the
premium on gold goes to show that the
yellow metal is a "sound and stable
currency."
"Washington, March 2.—The treas-
ury department has instructed the New
York subtreasury to raise the premium
on gold bars from 1-16 to 3-16 of 1
per cent. The department's purpose in
the issuance of this order is to do what
can be done legitimately to prevent fu-
ture exports of gold. It will tend to
raise the price at which gold can be
exported profitably, the price of ex-
change now being dangerously near the
export point. It is regarded as good
policy to get rid of coin instead of bars,
because the former frequently have lost
weight through abrasion."
Thus it will be seen that the govern-
ment admits its utter inability to keep
the gold gambler from robbing the
treasury of gold, and as a last resort
raises the premium on gold. This ac-
tion of the government is in accord with
the desires of the gold gamblers, al-
though it is published as designed to
prevent the gold thieves from pulling
all the gold out of the treasury. As
this government advance in premium
on gold will influence the bullion mar-
ket, such an increase of premium will
have no effect whatever in the way of
protecting the government gold, but it
will benefit the gold gamblers, as it in-
creases the margin to gamble on.
Every increase or rise in the value of
gold, every appreciation of gold de-
preciates and deprives the price of
commodities correspondingly. Hence
this increase of the premium on gold
decreases and forces down the price of
commodities clear through the line.
This is the policy demanded by the gold
gamblers. The dispatch is designed to
mislead the people, as all such dis-
patches and reports are. The advance
in gold premium by the government
was in response to a demand of the
gold gamblers, and every other excuse
offered is only designed to blind the
people.
THIS IS AWFUL.
N. A. Dunning, former ediltor of the
National Watchman, of .Washington,
D. C., having disposed of his paper to
the Silver Knight and joined the free
silver gang himself, is 'now writing
Washington letters to such of the peo-
ple's party as he can induce to publish
them. Tom Watson's paper is the only
one conning o this office out of about
five hundred reform papers that publish
his nonsense. In the last issue of that
paper the following paragraph occurs
which derates Dunning. Dunning is a
fraud of the fir3t water. He says:
"I have just finished reading a few
leading popuiisit papers from the west
MEDICAL EXPERTS.
DR. HATHAWAY & CO S THOROUGH
KN0WLED6E OF DISEASES PECU
LIAR TOMEN AND WOMEN
Their Practical Experience in the Great
Hospital ot the World Enables them to
Diagnose and Treat all Ohronlc
Diseases with Greater Nut-cess
than Those who Profess to,
Dut do Not Possess the
Above Qualifications.
Tho above-named physicians ne«>d no Intro-
duction to the readers of thi* paper, as theli
udvertiseroentH have appeared lu the column
of this paper for the past few years. That
thpy are masters or their profession inuat bf
Hdinltted. Having had yenrsof experience and
training in the greatest hospitals of America
an-3 Europa, besides being graduates of medi
< al colleges of unquestioned authority, In
Ihelr exieaded ard successful treatment of all
chronic diseases they Ptand at the bead of the
medical profession. Dr. tlathaw¿y &Co. have
probably «reatad a greater number of patients
during their residence In San Anton'o than
were ever treated by any other physicians or
firm of physldants. Their success has been
pl.enomen«l and well-merited.
SPECIALTIES.
Itlood Poison,
Nervous Debility,
Strictures,
Hydrocele,
Vnrlcocelo,
Kheumatism,
Kidney and
JUadder
Troubles,
Pimplrs,
Dicers,
Piles,
Catarrh and all
Diseases of
Women,
All correspondence answered
TiURiaess btrictly confidential. Entire treat
mcnt sent free from observation. liefer to
our patients, bank and business men.
Mail tieatment given by sending for symp-
tom blanks.
No. i for men. No 2 for women. No. 8 nf
skin diseases. No. 4 for catarrh.
Our Medical Reference Book for men and
women sent free by mentioning this paper.
Address or call.
DR. HATHAWAY * CO.,
>O0K Alamo Plaza, Ran Antonio, To*,
■eatlon Southern lercarjr whes job write.
and confess a feeling of sadness and
foreboding. If these papers reflect the
true sentiment of the people there will
no union of forces at St. Lou is, and the
populist party wil'l lose its only hope
of success. To find this continued hos-
tility and afbuse of the silver party
whose votes we must (ha ve ioa* cease our
growth, confirms me in the opiinion
I have often expressed, that as a party
we have retrograded instead of ad-
vanced during the past year. The fatal
mistake was made at St. Louis in De-
cember, 1894, and is quiiite ilikely, from
present appearances, to be again re-
peated on the 23rtl of next July. Wiilh
the present Omialha platform supple'
mented with the .InMiaitive and referen-
dum, and government ownership of all
putblic utilities we could not 'go before
the people and secure a half mUlM'on.
votes. Why? Because the sill ver party
will put up candidates on a 'common
sense, conservative platform, and carry
with them three quarters of the peo-
ple's party. I feel discouraged over
the prospocts of a union, and with the
present tone of our western press the
thing is impossible."
UNDESIRABLE WEST.
President Cleveland undoubtedly
voiced t'ho sentiments of tory New York
when he asserted in his Presbyterian
address that certain western states
"are undesirable and unsafe." The tory
money power of New York has discov-
ered that though the money power of
the east has a mortgage on very much
of the west, they can not be controlled
in the interest of the plutocratic money
power, and hence the language of the
president is per order from the money
power, and he is forced to utter it.
Mr. Cleveland said:
"The toleration of evils and the in-
difference to christianizing and elevat-
ing influences in the states of the west,
if unchecked, develops into badly-regu-
lated municipalities, corrupt and unsafe
territories and undesirable states."
The christians of the east have been
christianizing the west to some extent.
Colorado is a sample. The city of
Denver is absolutely bonded to the
eastern money power. No city in the
country is more completely under the
control of combines and usury grabbers
than is Denver, Col. The citizens of
Denver are utterly powerless to control
even their own local affairs. The dic-
tation and edict of the money oligarchy
is supreme. Poor people who are striv-
ing to pay for a home for their families
are forced to give up their homes to the
christianizing confiscatory influences,
which Mr. Cleveland thinks should l>e
scattered all over the west In order to
make it more religious and desirable.
All such expressions as the utterances
of Mr. Cleveland tend to widen the
breach bdtween the east and the west,
and soon it will materialize into an ir-
repressible conflict. Lelt it come. The
"undesirable states will be found able
to take care of themselves."
A DEAL.
The Mercury desires to call atten-
tion to the following significant words
cf republican state chairman Grant, as
published in the Dallas News, of March
17 th:
"Tiicre arc bit: two great parties !n
this country—the democratic and re-
publican parties—and we must of ne-
cessity select between those which we
will support."
When it is remembered that this
same gentleman urged all republicans
to support the democratic congression-
al ticket in 1894, the above expressions
will be plainly obvious. There can be
no doubt of the fact that his object is
to repeat the 1892 work of the republi-
can leaders in Texas. We don't believe
the honest republicans will submit to
any such shameful trading.
Blessed are the poor in spirit, for they
shall he slaves and inherit the slums.
Blessed are they that mourn, for the
poor house door is open and they shall
<be comforted.
Blessed are the meek, for they shall
obtain nothing—even that which they
produce «hail be taken away.
Blessed are they which do hunger
and thirst after right-use-ness, for they
shall never get it
Blessed are the peacemakers, for they
shall be taxed to feed war makers, build
battle ¿hipe and pay chaplains who loaf
in military farts.—Coming Nation,
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Park, Milton. The Southern Mercury. (Dallas, Tex.), Vol. 15, No. 15, Ed. 1 Thursday, April 9, 1896, newspaper, April 9, 1896; Dallas, Texas. (https://texashistory.unt.edu/ark:/67531/metapth185654/m1/7/: accessed June 6, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .