Alliance Standard. (Linden, Tex.), Vol. 5, No. 24, Ed. 1 Tuesday, June 13, 1893 Page: 3 of 3
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To o.
Antidi
This i» the month to a,
gates to-the County Union and u.
Ooimty Alliance. The County Unio_
meets at Lively Chapel on Thursday
hefore the 2d Sunday in Julv, and
the County Alliance meets at Spring-
dale just one later week —Thursday
l>e fore the Sd Sunday in July. There
will be important business before both
bodies, in which every one wdl be in-
terested, and a general rally is ex-
pected all along the line, one or two
thousand people will be at each meet-
ing and as crops will be generally laid
by, we hope they will come to stay
two or three days and lets “put on
the arousments.” There neve: was
a greatei need of organization and
faithfulness to principle than now.
This is the time that our enemies are
pulling in their work aud laying their
schemes to entrap us uexl year and it
is important that reformers keep wide
awake aud keep posted on the issues.
A government bond has nothing to
support it or make it secure but the
resources of the country as they are
developed and brought out by labor.
But Shylock owns the bond aud must
have bis pound .of flesh.
A full legal tender greenback bill is
supported and> secured by the very
aame collateral, that sustains the
bond, but these would bear no in-
terest and would belong to tbe people
and Shylock would lose his pound of
flesh. —See!
The Sbyloeks of America, with
Cleveland as their shuttle cock, are
using earth aud—the lower regious to
force everything on a gold basis,
which means that gold shall he the
final payment of all debts. At the
same time there is not enough gold in
existence to pay the eulerest on tbe
ilebts. In the absence of gold to
satisfy these obligations tbe creditors
will take property- How long will it
require for all the wealth to pass into
the hands of the creditor class?
Men in easy circumstances may
thiuA themselves safe, but the Stan
iiakd cautions them to beware how
they cast their votes.
Not only Slate legislators, but con-
gressmen aud United States senators
are little more than pupets in the
bands of corporations. Under the
preseut conditions of fraud and bribe-
ry in elections tbe cor|>oralions can
defeat whom they please aud elect
whom they will, aud they know how
to pluce men just where they are
needed to do their dirty work. We
see nolbiug in the future but abject
submission on tbe one hand or com-
plete revolution and repudiation on
the other. A revolution that can on-
ly end in national disruption and uni.
versa! destruction of present systems
and the establishment of a new order
of things. Aud we are hastening
thitherward at the rale of sixty min-
utes to the hour.
j the |ieople, have given to chartered
'ass i hanks the exclusive privilege of fur-
va nishing tbe people with money.
'| It has also .delegated to chartered
railroads the right to furnish trans-
lortstion, etc. etc. What wonder
oat these ii responsible chartered cor-
porations use their power to rob the
country of its prosperity.
wou.
true spirit o> .
to meet with us and nc
freshmcnls; in fact, it would be „
strong a reminder of tbe Confederacy.
Let us have a meeting of our citizens
and come to an understanding on the
subject, so that the entire program
may be published.
We learn that Mr. Lightfool is to
deliver the annual address; it is to be
hoped that he will not prostitute the
occasion, to partisan politics, as Capt.
Geo. Todd did last year. If he does
some good clever gentleman should
call him to order.
When we take into consideration
the infamy, not only sanctioned, but
instigated, by Gov. Northern in Geor-
gia last year and then see bow he was
toaded to and honored by that great
body of Baptists that met in Nash-
-r' " '••ncssee last month, known as
a Baptist Convertion, one
ed to believe that even the
of Christ is made a stepping
knaves and villians. Gov.
i may be a great Baptist ( ?)
a Baptist convention can plav
it of a sanctified saint, but bis
poi tical history brands him as a most
consumate hypocrite, who is like the
whited sepulcher, nice and clean with-
out, especially at a Baptist conven-
tion, but within is full of desd men’s
bones and all uncleanliness, and
when on the political hustings he
don’t mind uncovering and showing
bis devils claws.
A beautiful head of hair can be retained indofi-
mllelj by uaiujr Hall's Hair Eeuewi-r
Tlit; Quadrangular Debate-
Wc conclude the argument for tbe
church this week. While the Rev. Mr.
Conwell says seme good things, it will
be noted that be fails, as usual, to
comprehend the real situation. While
he favors forcing tbe rich millionaires
to disburse their wcalic for the bene-
fit of the poor at death, he makes no
adequate provisions for keeping them
from grinding down tbe poor while
living; in other words he forgets the
old truism “sn ounce of prevention is
worth a pound of cure.” We begin
Gen. Weavers speech next week,
which will be lather lengthy, but eve-
ry line is worth reading, and be docs
not, like the others, dodge tbe issue,
but talks “right out in meeting’’ and
tells what is the matter and suggests
the remedy. We publish all of these
speeches that our readers may see how
weak and puerile the arguments of
those who seek to keep labor enslaved
as compared with the arguments of
one who is a reformer from principle
The Republican side comes sftei
Weaver and then Weaver's res ponce.
Chartered Institution*
The Standard tskes the advanced
position that no chartered institution
of whatever kind, should be allowed
to exist in a republican or democratic
form of government.
Granting chartered rights to any
kind of an insiitution is equivolent to
an admission that such an institution
could uol exist, under the law, with
out tbe authority conveyed in tbe
charter. This means that the power
granting Hie charter, whether it be
tbe slate or the nation, does, by that
charter act, delegate to a corporation
named in the charter, certain rights
that are, by law, reserved exclusively
to the power which grants the charter.
Hense, when the state or Dation
grants s charter for any purpose, it
occupies the very same position of a
principal delegating bis power or au
thorny to an agent. But the state
legislatures as well as the congress of
the United States are both agents act
ing for the poople; and inlaw and
equity, one agent has no right to
create or appoint another independent
agency.
An agent is bound by law to his
principal and tbe principal is respon-
sible for the acts of his agent. Now
if an agent was permitted to delegate
bis authority—which is, itself only
delegated, then the principal could
not be held responsible.
The congress of the United States
is elected by the people and is dele-
gated with authority to enact laws
and carry out measures for the “gen-
eral welfare” of all tbe people, and it
has no right to re-delegate its author-
ity by granting charters to any kind
of a corporation whatever. To do so
is t*. assume to be the principal or
masters of tbe people who elected
them. The sole right of making moD-
ey is bestowed, by the people, through
the constitution, upon congress. That
means that congress shall make all
tbe money needed, it also means that
they shall put it in circulation. But
congress, themselves but delegates of
Inlemd-l'iiury.
Iro aw .here is a distinction. Usu-
ave gotten hold of legislation
s passed laws legalizing certain
rates of interest. In different states
the legal rale differs. That which is
legal in one slate is usury in another.
This, of itself proves tbe folly of the
system. In the Bible there is no dis-
tinction. Interest of any kind is abso-
lutely forbidden. An interest taker
has just as much chance of heaven as
a liar, a drunkard, a thief, a whore
monger or a murderer, no more, no
less They arc all placed on the
same scale. Interest is a relic of bar-
baism. No civilised nation pencil-
ed it till the middle of the 16th centu-
ry. Then Shylock got the upper
hand and laws were passed to rob the
poor by usury.
We ask our readers to anslize tbe
proposition set forth in the Standard
some weeks since, that interest can
never be paid in money. Though one
or a thousand men pay their own per-
sonal interest in money, it only shifts
the burden on some one else, and the
final payment must be made by sacri-
ficing property. Every dollar of mon-
ey that circulates in business, original-
ly comes from the hanks at a certain
rale of interest.
Let us suppose there is one billion
in circulation. This has all at some-
time passed through the bank and is
drawing interest from year to year.
Now to illustrate the proposition lei
us suppose that on the first, day of
January every dollar had to be paid in
to the banks, not leaving a dohar in
circulation.
It is estimated that we need, say a
billion dollars. The people who do
business borrow th'a money from (he
banks at, say 10 per cent. It must
all be paid back in 12 months with in<
teresl. That means they would have
lo pay back one million more in mon
ey than they got. Where is tbe
million to come from? There is only
one billion of money but there is one
billion and one million of debt. Is it
cot clear that in addition to tbe billion
dollars borrowed the people will have
to surrender one million dollar's worth
of property to meet the debt.
This principle holds Uue, no matter
who ia the borrower or who the lender,
bow much is borrowed or bow little.
Interest always means the absorption
of just that much wealth.
But wealth must be produced be-
fore it can be absorbed; hense, the
burden of all interest as well as all
taxes falls upon the producer of
wealth. Now when we consider that
we pay a double interest on all the
money in circulation—i-e.—Interest
on bonds and interest on tbe money,
is it any wonder that productive labor
is crying out in pain?
Under tbe constitution, according
to the ruimgs of the Supreme court,
the government could circulate legal
tender green-back notes without inter-
est and at once relieve labor of this
enormous interest tax. But Shylock
would'nt get his pound of flesh and
congressmen and senators would'nt
grow fat and insolent on bribes
There is the milk in the coaconut.
II. A. O’Scal. Pk^mmiwt,
J. U Jamk*. Pros PautMn.iUe Lamui A * ruai Co
▲ . B. Hinkle, tad Vic* Piucsidknt
J W. Camimikll, Canhik*.
1st Vies President- »
W. .1. Hows. .\*sT Canuikm,
FIT MM HIE, ATLANTA. TEL
-■: > * ■ -•; w»c ;.-
CAPITAL PAID UP $50,000.00.
THE OSL Y SATIONA L BANK IS CASS COUNTY.
United States Governaiat Bank'Absoluts Security For Depositors
Does a General Banking Business.
Buys and Sells Foreign and Domestic Exchange.
Accounts with Merchants and Farmers solicited:
Special Attention to Farmers’ Accounts.
toy Monet to i. end Farmers on Lonu time at Low rates.”®*
toy Interest paid on Time Deposits, "fee
< DIRECTORS >
H. A. O’Neai., Attorney at Law, President.
John G. James. Pres. Pau-hamlle Loan <fc Trust Co., 1st Vice Pres.
A. B. Hinkle, Sec. <k Tr. Woodswortli Luiu-Co., Bivins, 2nd Vice Pres..
W. A. Williams, of “ •* “ •• Director.
W. A. Howe, of Howe A Carlow, Gen. Merrh’ta, Atlanta,
J D. Johnson, of Johnson & Bro. Hardware “ “
L. J. Alldav, of Allday A Dunklin, Grocers,
J. T. Chambiee, Merchant and Planter.
T, F. Howe, of Campbell A Howe, Druggists, “
GOD’S GIFT i*
ELECTRICITY
NATURES 0¥N REMEDY"
enough to get out of the rain. It
matters not if you never see a dollar
of money, if you are a producer you
still pay your part of the interest in
proportion to what you consume.
Suppose no one borrowed money from
, rr J DELIVERED ANYWHERE BY
the bank hut the manufacturer to run MA:I( „K express
lit. t cures others why not tout
tacks tho interest lie pays to the price, ! ^ l*' RI,H* Electric Body Belts
with an additional small per cent, to nml ,he,r Attadunwiu superior b.
cover possible loss. The wholesale 0p BH2UlriTISK. ,Miru„glfi Clltnrrl),.
merchant does the saraething when he j Geiwru| Debility, List Manhood, Kid-
sells to the retail msrcliant. The re- | Liver, Female Complaints. All
tail merchant fiorn whom you buy I Nervous end Chronic Disseases by tl.eir
necessarily charges it up to his cus- j faithful use.
tomers, ami each consumer pay his
part. But if the consumer is engaged I
in a non-producing business lie eon- |
aiders the expense of his living and
charges his patrons enough to cover
it and leave a margin as profit, so •
DHflHJVHSS.
We handle the only Electric invention,
that is successful in curliii; Deafin-s*
when caused by Catarrh, Fevers, Pa-
ralysis, etc.
Sent] It) wits fur oar Wo |>agc ('atalojrnc wWdk
describe* tn#tmcut Fleam* mention llit* paper..
that the wealth producer at last pay. g g ^,35 |(wa Fa„s |(ma
all interest, all taxes and all debts
that are paid, no mailer who contract-
ed the debt or for what purpose.
There is a law, well known among
financiers, that all obligation lo pay,
wether it be debts, taxes or interest
lli'idgt; on Sulphur-
Tin re Isa petition going the round*
asking Hie eoinnilssioncrs court to
make an appropriation for building a
sink to the bottom; that is they fall bn,l*L‘ UL'r0,“ ’J"l',l,"r Hlv,‘r CVr-
upon the producers of wealth, and has Ulnl>’ lhc 1>r"^c hh mM l,c h,,il1’
finally to bo brought up out of the ,f Bo"ie C0"nt-V wl11 tw,f,r l,r* **
earth by productive labor. Is ii any P6080 Ca8s 8l","l‘l
a moment. But we are opposed to
taxing the people fer that purpose
when we Imve all the money needed,
belonging to the permanent school
fund, that is lying idle in the treasu-
ry. This money cannot lawfully be
invested only in U S. bonds, state
bonds or county bonds. But the
Commissioners Court can issue Cass
Co. bonds, have them approved un-
der the state seal, and file them away
in place of the |>ermanent school fund
of the county, which can be used for
improvement or any other purpose
that the people or tbe commissioners
may chose, and tbe interest go to the
available school fund.
Yes, build the bridge across Sul-
phur and half a dozen other places irv
the couuty where they arc needed,
but use this fund tliat is rusting out
for that purpose.
Under tbe national banking system
tbe producing classes have to pay a
double interest on every dollar of
money that is used in business. First,
tbe bonds upon which the national
bsDk notes are based draws a gold in-
terest which is paid by tbe producer.
Tbe banks then lend these bank notes,
which is sn evidence of debt, at all
tbe interest they wiU bear and produc-
tive labor baa to pay that interest.
The plates will tell you that you
don't have to pay the inter?- -'“gs
you borrow tbe money,
and they know it
wonder that tbe laboring classes are
slaves wneu we consider the price of
money as compared with tbe price of
produce. As the price of money
goes up the price of produce goes
down, and vice versa. The lower
produce is the harder it is for produc-
tive labor to pay a debt, the higher
tbe produce the easier it is to pay a
debt. Hense, to meet these vast
debt it is absolutely necessary that
money be made plentiful and there-
fore cheap, which will insure high
produce.
Every dollar of mooey that circu-
lates through the naliuoal uauks draw
a double interest. 1st, the interest
on tbe bonds upon which tbe money
is based, and 2d, the interest exacted
by the banker as it goes out to the
borrower And yet it is not money
at all, but only a promise to pay-
money. Thus the people are com-
pelled, by law to pay a double inter-
est to certain favored classes for their
promises to pay.
Why don't the government issue a
full legal tender money for the bene-
fit of ail the people and put it in cir-
culation? The reason is there would
be no interest to pay on real money
or full legal tenders, and .Shylock
One of the government buildings,
that is known as Ford’s Theatre,
where Lincoln was killed, collapsed
last Friday, killing ar.d crippling
about seventy five people. It is
claimed that the dangerous condition
of tbe building had been pointed out
to congress as far back as 1885, hut
with inhuman indifference congress
continued to crowd the building with
would miss his pound of flesh. ' Is it j K0TermBent 0,UcP8 *ml clerk» “»«• «»
net plain that this government is niu | cont8,n#<1 «!«*• all
were at their posts. Thus we have
men murdered from pure neglect, and
they nor their friends bsve any re-
dress. Congress will spend tnoney
bv the millions in the interest of bloat-
ed corporal ions and vote themselves
extra pay to the amount of hundreds
of thousands per annum and iben
, cage their employes in death traps.—
them in fast and help over -he hard Truly we have a government to he
season of the year. ^proud of (?)
by usurers who legislate so as to make
a circulnling medium, based upon a
promise to pay, bring them in a dou-
ble interest at the expense of produc-
tive labor?
A club of o with (2,50 will gel the
Standard till Jan. ‘1st 181M. bend
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Erwin, J. W. Alliance Standard. (Linden, Tex.), Vol. 5, No. 24, Ed. 1 Tuesday, June 13, 1893, newspaper, June 13, 1893; (https://texashistory.unt.edu/ark:/67531/metapth523438/m1/3/: accessed May 21, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Atlanta Public Library.