The Southern Mercury. (Dallas, Tex.), Vol. 11, No. 20, Ed. 1 Thursday, May 19, 1892 Page: 3 of 16
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May 19, 1892.
SOUTHERN MERCURY.
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MONEY!
A Few Calculations That Will
Open Tour Eyes.
Whosoever controls the volume
of money in any country is abso-
lute master of all industry and
commerce.—James A. Garfield.
Liberty cannot long endure iñ
any country when the tendency of
legislation is to concentrate wealth
in the hands of the few.—Daniel
Webster.
That prices will fall or raise as
the volume of money is increased
or diminished is a law as unaltera-
ble as any law of nature.—Prof.
Walker.
If the whole volume of money
in circulation was doubled, prices
would double. If it was increased
one-fourth, prices would rise one-
fourth.—John Stewart Mill.
If congress has the right under
the constitution to issue paper
money, it was given them by them-
selves, not to be delegated to indi-
viduals or corporations.—Andrew
Jackson.
If a government contracted a
debt with a certain amount of
money in circulation and then
contracted the money before the
debt was paid, it is the most heni-
ous crime a government could
commit against the people.—Abra-
ham Lincoln.
The government ought not to
delegate this power (of issuing
money) if it could. It is too great
a power to be trusted to any ban!
ing business whatever. The peo-
ple are not safe when such a com-
pany has such a power. The
temptation is too great, the oppor-
tunity too easy, to put up and
down, to bring the whole commu-
nity on its knees to these Nep-
tunes who preside over the flux
and reflux of paper money. Stocks
are their playthings with which
they gamble with as little secrecy
and less morality than common
gamblers.—Thomas H. Benton.
A New Yorker says that Jay
Gould's income is thirteen cents a
second; and $4,040,000 a year. W.
W. Astor's is twenty-nine cents a
second, and $9,135,000 a year.
The following is a list of the nine
richest men in America. Every
one of the nine men whose fortunes
amount to $50,000,000 or more
was born in America, was reared
here, and either made or inherited
POWDER
Absolutely Pure.
A i 'ream of tartar baking powder. Hi gbesl
of all in leavening strength.—Latest D S. Gov-
his money here. There is not one
of the fortuues but that was ac-
cumulated here, so that both men
and money are entirely American.
Following is a list of the fortunes,
compiled irom the most authorita-
tive sources:
William W. Astor,
Jay Gould,
John D. Rockefeller,
Cornelius Yanderbilt,
Wm. K. Yanderbilt, .
Henry M. Flagler, .
John I. Blair, ....
Russell Sage, ....
Collis P. Huntington,
$150,000,000
100,000,000
90,000,000
90,000,000
80,000,000
60,000,000
50,000,000
50,000,000
50,000,000
Total,
. $720,000,000
The total aggregate in silver
would make eighteen trains of for-
ty cars each, reckoning a car load
at thirty tons for a load, it would
need 10,800 wagons to convey it.
It would require 8,640,000 men,
each bearing 50 pounds, to carry
it. If they walked single file,
with three feet between them for
marching space, they would extend
over a distance of 4,909 miles, or
from New York to San Francisco
and back to Chicago. If they
walked four abreast they would
cover 1,227 miles, or something
more than the distance from New
York to Chicago. The army of
men would be greater by one half
than the entire population of the
state of New York, which the re-
cent census gave as 5,997,853. If
in a solid, the silver would occupy
190,000 cubic feet. It would make
a column 25 feet square and 204
feet high.
If the fortunes were in gold, the
most precious of the metals used
for money, the holdings of the
nine men would be:
W. W. Astor, . . 552,750 pounds
Jay Gould, .... 368,500 "
J. D. Rockefeller, 331,650 "
C. Yanderbilt, . . 331,950 "
W. K. Yanderbilt, 294,800 "
Henry M.Flagler, 221 ;100 "
John I. Blair, . . 184,250 "
Russell Sage, . . 184,250 "
C. P. Huntington, 184,250 "
Total,
2,653,200 pounds
The accumulation of gold would
foot up 1,327 tons, which would
make up a train of forty-four cars,
each car containing thirty tons, or
663 wagon loads, each consisting of
two tons. It would require 53,064
men, each bearing 50 pounds, to
carry the gold. If the men walked
single file and three feet were al-
lowed between each, they would
extend a distance of thirty miles,
or if they walked four abreast, a
distance of seven and one-half
miles. If the gold were in a solid
mass it would make 12,240 cubic
feet, or a pillar 10 feet square 122£
feet high.
If the fortunes were in one-dollar
bills which were spread out singly
they would cover the following
areas:
W. W. Astor, .... 5,640 acres
Jay Gould, ...... 3,736 "
John D. Rockefeller, 3,362 "
Cornelius Yanderbilt, 3,362 "
William K. Yanderbilt, 2,980
Henry M. Flagler, . . 2,241
John I. Blair, .... 1,868
Russell Sage, 1,868 acres
Collis P. Huntington, 1,868 "
Total 26,898
The total area which these for-
tunes would cover, if in one-dollar
bills, would equal, lacking only
two acres, to 269 farms of 100 acres
each.
If the bills were placed end to
end they would reach out as fol-
lows.
William W. Astor, . 17,765 miles
Jay Gould, 11,835 "
Jolin D. Rockefeller, 10,653 "
Cornelius Yanderbilt, 10,653 "
W. K. Yanderbilt, . 9,470 "
Henry M. Flagler, . 7,102 "
John I. Blair, .... 5,918 "
Russell Sage 5,918 "
Collis P. Huntington, 5,918 "
Total, 82,222 miles
Thus the combined lortunes in
one-dollar bills would extend three
and one-half times around the
world at its greatest circumference.
• 4 —— •
Forward Maroh.
If you save this Republic, it
will be the first one in the'history of
nations that was ever saved
Every one has gone down in
to a hopeless despotism by .the
same process that ours is going. It
is by individuals and corporations
getting hold of the volnme of
money to contract it as they
choose, to expand it as they must.
Bonds and banks are the synonyms
of slavery. They will enslave
ours permanently and forever if
permitted to remain They have
no more right here than we have
to import the leoprosy from II «ay t i
into our country to kill oft' the
people, so the few doctors who re-
mained could own all. A great
revolution must come in the near
future or we are lost, and lost forever
as a republic. Bonds and banks
are with us. They are here be-
cause they are legislated into ex-
istence. There is no other way
only to legislate them out of ex-
istance. The money power will
never let go of them unless com-
pelled to. It will take the might-
iest revolution in the known world
to accomplish it. Cajsar and Na-
poleon are as nothing compared to
it. And yet, if you will, you can
accomplish it without war or blood
shed; without one human bone
bleaching on our soil;) without one
maimed crippled soldier coming
back to family and home after the
wicked, cruel, terrible war is over.
A hi I behold it it now, in al-
most Divine prophecy. The
grand brigades of brave, true men
educated and disciplined, coming
down from the valleys; from the
sunny Southern slopes; from the
great prairies; from everywhere
over our broad domain, 1 sec them
clasp hands, and with the light of
heaven on their noble brows, they
swear undying allegiance to them-
selves, their wives, their children,
their country. I see the grand
brigades marching, marching
bravely up to the ballot-box, in
the great campaign of the people,
and set down solid, with both feet,
millions oí pairs of stoga boots
on the specie basis infamy, and
blot it out forever. Then it be-
-"'rawi rood Kffpori
Iotai. Bikini PownuOo. IDS Wall St,. N. T
comes a law. Then see XJncle
Sam, who is the people, and not
money gamblers manufacture the
same kind of money as in the
days of Lincoln Republicism, and
pay oft* every bonu holder in ex-
lstance in the same kind of money
by which the debt was made.
Then the nation is out of debt. It
is not repudiated—it is paid.
Bank notes will be supplimented
by legal tender of material most
valuable. All dollars will be alike
in value because they are not in
the hands of money ^speculators,
and the stamp of the government
has made them alike. There will
be no more frauds of redeeming
one kind of money with an other
kind of money, and thus rob
and enslave the producers. All
kinds of money will be alike in
value, like the postage stamps be-
cause the government, and not cor-
porations, control it. The money
will come direct to the people at a
low rate of interest; and the volume
in circulation will bo sufficient to
do the business of the country
with, because the people wish it
so. Don't you see, brother voter,
what a beautiful picture, you, as
sovereigns, are making for the fu-
ture of this robbed, plundered,
plucked, over-taxed, over-burden-
ed Republic? The Grand Artist
is behind the scenes. Right will
triumph. The shackles of bond
slavery will be stricken from the
limbs of unborn generations. Our
homes will be restored and our
platform redeemed. The princi-
ples embraced in the St. Louis and
Ocala platforms, as adopted by the
National Alliance, are the great
principles for which Peter Cooper
pleaded. They are the principles
which Thaddcus Stevens defended.
They are the principles for which
Thos. Jefferson, Andrew Jackson
and Abraham Lincoln fought for
and won. They are the priciples
which have stircd the soul of every
patriot and philanthropist since
time began. These principles
come now again unto the Ameri-
can people, unto you and knock at
the door of your manhood, your
convictions, your moral heroism.
The seed is already sown. It has
taken deep and abiding root in
more than thirty million souls. It
has been watered by the tears and
watched by the prayers, the suffer-
ings and the struggles of an over-
burthened, long-sufferiug people.
It is already white with 'the blos-
soming, and ere the campaign in-
augurated in '92 is ended, will
chrystali/c itself into statute and
congressional laws and bless and
serve, and save our own beloved
America.
Wc don't all look at questions
of ethics in the same way. A
young English traveler in Valen-
cia recently becamc enamored of a
gypsy girl, but told the mother
that he was not rich enough to
marry her. The mother laughed
and said: "What! Not rich enough
in'the land of guineas? Why,
with so accomplished a thief as my
daughter, you will be a millionaire
in a twelvemonth!"
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Park, Milton. The Southern Mercury. (Dallas, Tex.), Vol. 11, No. 20, Ed. 1 Thursday, May 19, 1892, newspaper, May 19, 1892; Dallas, Texas. (https://texashistory.unt.edu/ark:/67531/metapth185465/m1/3/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .