The Southern Mercury. (Dallas, Tex.), Vol. 14, No. 17, Ed. 1 Thursday, April 25, 1895 Page: 1 of 16
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THE BOLDEST ROBBER OF THE PRODUCERS IS TRANSPORTATION MONOPOLY.
I
I
VOL. XIV, NO. 17.
DALLAS, TEXAS, THURSDAY, APRIL 25, 1895.
WHOLE NO. 693.
GROYER'S DEFENSE OF GOLD.
DECIDES NOT TO VISIT CHICA-
GO, BUT WRITES A LETTER
TO THE BANKERS OF
THE WINDY CITY.
Senator Stewart Demolishes Gro-
ver's Golden Calf, and Shows
the Fallacy of His Reason-
ing—Both Letters in
Full.
The following is the text of Presi-
dent Clevelands reply to the Chicago
bankers:
"Executive Mansion, Washington,
April 13.—To Messrs. Wm. T, Baker,
Geo. W. Smith, John A. Roche, T. W.
Harvey, David Kelly and Henry S.
Bobbins—Gentlemen: I am much grat-
ified by the exceedingly kind and com-
plimentary invitation you have tender-
ed me on behalf of bo many citizens of
Chicago, to be their guest at a gather-
in the interest of sound money and
wholesome financial doctrine. My at-
tachment to this cause is so great, and
I know'so well the hóspitality and kind-
ness of the people of Chicago that my
personal inclination is strongly in fa-
vor of accepting your flattering invita-
tion, but my judgment and my esti-
mate of the proprieties of my official
place obligate me to forego the enjoy-
ment of the occasion you contemplate.
I hope, however, the event will
mark the beginning of an aggressive
effort to disseminate among the people
safe and prudent financial ideas. Noth-
ing more important can engage the at-
tention of patriotic citizens, because
nothing is so vital to the welfare of
our fellow countrymen, and to the
strength, prosperity and honor of our
nation.
"The situation we are confronting
demands that those who appreciate
the importance of this subject, and
those who ought to be the first to see
impending danger, should no longer
remain indifferent or over confident.
"If the sound money sentiment
abroad in the land is to save us from
mischief and disaster, it must be cen-
tralized and combined and made imme-
diately active. It is dangerous to over-
look the fact that a vast number of our
people, with scant opportunity thus
far, to examine the question in all its
aspects, have nevertheless been inge-
niously pressed with specious sugges-
tions, which, in this time of misfor-
tune and depression, find willing lis-
teners, prepared to give credence to
any scheme which is plausibly pre-
sented, as a remedy for their unfortu-
nate condition.
"What is now more needed than
anything else is a plain, simple presen-
tation of the argument in favor of
sound money. In other words, it is
time lor the American people to rea-
son together, as members of a great
nation, which can promise them a con-
tinuance of protection and safety only
so long as its solvency is unsuspected,
its honor unsullied, and the soundness
of its money unquestioned. These
things are ill exchanged for the illu-
sions of a debased currency, and
groundless hope of advantages to be
gained by a disregard of our financial
credit and commercial standing among
the nations of the world.
"If our people were isolated from all
others, #nd the question of our curren-
cy could be treated wlthont regard to
MR. CARLISLE ROASTED.
AN OPEN LETTER TO THE
FINANCE SECRETARY IN THE
MARCH ARENA.
Secretary Carlisle's Attention Call-
ed to Important Facts of History,
and His Own Record Cited as
Convicting Him.
GEOROB W. PEPPERELL.
Continued from last week.
Thomas Jefferson, the first great
democrat in this country, expressed
zummmam
$
WE ARE AFTER 'EM!
WEMUSTHAVE'EM!
HELP US GET'EMI
Fifty Thousand New Subscribers for the Campaign
Soon to Begin!
100 COPIES 6 MONTHS, $30!
The Alliance Is taking on new life everywhere; People1 Party clubs are being
formed at every voting box In the state. To vote right, the people mutt be edu-
cated! The SOUTHERN MERCURY cannot be excelled.
Dnmnlt'riih I Should send $30 for 100
Every Popnllst Clib, >n . r .. ^ t c
Every Induitiial Legion j Copies for the next 6 mOS.
See that every mossback In the state has a chance to learn the truth about what
Populists believe.
SUCCESS IS ISSORED IF THE PEOPLE ARE RIGHTLY INFORMED!
Take the matter up In your Sub-Alliances, People's Party Olubs and Industrial
Legions at once,
SHOW YOUR FAITH BY YOUR WORKS!
Bring up the question at your next meeting and swell the list.
SAMPLES: FREE
mmmmnmmmu
APPLICATION,
out relations to other countries, its
character would be a matter of com-
paratively little importance. If the
American people were only concerned
in the maintenance of their physical
life among themselves, they might re-
turn to the old days of barter, and in
this manner acquire from sach other
the material to supply the wants of
of their existence. But if American
civilization were satisfied with this, it
would abjectly fall in Its high and co-
ble mission.
"In these restless days the farmer,
tempted by the assurance that though
our currency may be debased, redund-
ant and uncertain, such a situation
will improve the price of his products.
Let us remind him that he must buy
Coatlauod oa page 8.
himself on various occasion*, substan-
tially as follows:
"Bank paper must be suppressed,
and the circulation rostored to the na-
tion, to whom it belongs."
"The power to issue money should
be taken from the banks and restored
to congress and the people."
"I sincerely believe that banking es
tabllshments are more dangerous than
standing armies."
"I am not among those who fear the
people. They, and not the rich, are
our dependence for continued freedom.
And to preserve their independence
we must not let o«r leaders load us
with perpetual debt.
"Put down the banks, and if this
country could not be carried through
the longest war against her most pow-
erful enemy without ever knowing the
want of a dollar, without dependence
on the traitorous clas* of her citizens,
without bearing hard on the resources
of the people or loading the public
an Indefinite burden of debt, I know
nothing of my countrymen."
Mr. Secretary, as a follower of the
great Jefferson, and a momber of that-
great party founded by him, how Is It
possible for you to favor the Issuing of
United States bonds, and the establish
ment of banks of Issue, when the Issue
of non-interest bearing legal tender
paper by tho government, as recom-
mended by Mr. Jefferson, will meet
every useful purpose and every legiti-
mate demand? These are question*
that the people are asking; and the
publio officers who fall to listen and
obey will pass from power Into merited
oblivion or eternal Infamy.
Sir, for a generation or more, your
party stood by the teaohings of Jeffer-
son, Jackson, and Bentoa, and their
oompatrlots on the money question,
and, almost uniformly, marohed to as-
sured vlotory In the national elections.
In*those old democratic platforms it
was declared to be "Indispensable" that
thegoverment moneys should be "kept
seperate from banking institutions. "
Your party now does not hesitate to
place the goverment money in the han-
ds of hundreds of banking Institutions.
It is placed with them by the millions
without lntrest. The banks loan the
goverment money at interest and pook-
et the proceeds, without even a hint at
dividing the profits with the tax-payers
who furnish the money. If the present
administration of the finances Is demo-
cratic. then what shall we say of
Thomas Jefferson, Andrew Jackson
and Thomas H. Benton, who taught
and practloed the exact opposite?—and
who would condemn every aot and pra*
ctlce of Mr. Cleveland's administration
as wrong, and dangerous to the liberty
of the people?
"Sir, with full and unrestricted power
over the volume of the currency and,
consequently, over all values conceded
to the banks, together with ample ma-
chinery by which in an emergency they
can defy the passage of any aot of cong-
ress,what is left to the government ex-
cept abject submission? This gov-
ernment could not, tomorrow, go to war
In defense of its flag, its honor or its
existence without first asking permis-
sion to do so of great finanolal corpor-
ations of the country. If there was an
invading force on our soil this hour,
congress could not with safety or show
of sucoess declare war to repel It with-
out first supplioating cowardly and un-
patriotic capital, engaged in banking,
not to contraot the currency, withold
finanolal aid, and leave the coantry to
starve. In fact, there Is no measu ) of
this government, either in peace or in
1
(To be continued)
.
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Park, Milton. The Southern Mercury. (Dallas, Tex.), Vol. 14, No. 17, Ed. 1 Thursday, April 25, 1895, newspaper, April 25, 1895; (https://texashistory.unt.edu/ark:/67531/metapth185609/m1/1/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .