The Southern Mercury. (Dallas, Tex.), Vol. 16, No. 39, Ed. 1 Thursday, September 30, 1897 Page: 3 of 16
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SOUTHERN MJ&RCUBY.
i
Ir
'
cago Tribune: "There is a regular or-
der about about all business disorder.
'Panics' come on an average once in
seventeen years'' (the Tribune figured the
average from 1819 to 1897 and omitted
the panic of 1887. It also fails to give
the present average, which is one in about
six years,) "and last from one to six
years. They are usually followed by a
slow recovery, then by a period
of good times, then by a boom, and the
boom usually brings another collapse
from over-speculation.' "
Perfectly correct, excepting the "over-
speculation." The collapse is brought
about by the fact that the people cannot
purchase back that which they have pro-
duced. Their wages will not buy that
which have created. They cannot con-
sume the surplus. The factories cannot
sell their products. They shut down.
The men are thrown out of work. They
are no longer producers, and if they con-
sume it is by an expenditure of their
savings while at work or by the grace of
charity. Prices fall. Merchants are
ruined. Interest goes on. Banks cannot
realize on their loans. The people who
have deposited two or three billion of
dollars in the banks try to draw it out
and fail for the simple reason that there
is only $1,500,000,000 in the country
and but a percentage of that in the banks.
This is a panic.
A panic is an epidemic of fright in a
community of economic fools. It is a
phenomenon incident to a planless sys-
tem of production and distribution. It is
the inevitable concomitant of the profit
system of industry. It is the logical se-
quence of the development of machinery
under competitive private ownership.
There is but one remedy, and the
adoption of that remedy is as inevitable
as the evolutionary development of the
panic. That remedy is the national and
co-operative ownership of the means of
production and distribution. It is the
substitution of co-operation for competi-
tion . The time has come when the pro-
ducer is demanding and will obtain the
total of that which he creates. The gov-
ernment—the people—will act as the em-
ployer and serve without profit. Then
there can be no panic by reason of "an
over production.'' Then people will not
hunger because there is too much food.
They will not go barefooted because there
are too many shoes. The post office, the
public schools, the municipal waterworks,
and the United States fish commission
are examples of the industrial system
which will shortly succeed the present
lack of system. There is no overproduc-
tion of postage stamps. There is no
overproduction of school children; there
is no overproduction of drinking water;
there is no overproduction of fish for the
streams of America; there are no panics
ics in these departments; they are found-
ed on common sense; they exist for the
benefit of the people and are conducted
without profit. They point the only way
to the happpiness of the nation and the
preservation of civilization.—Fredrick
Upham Adams in New Times.
Pretty Good Symptoms.
An old Dutchman, says an exchange,
had a beautiful boy of whom he was very
proud, and decided to find out the trend
of his mind, He adopted a novel meth-
ed by which to test him. He slipped
into the little fellow's room one morning
and placed on his table a bottle of whis-
ky, a Bible ana a silver dollar. "Now,"
said he, "ven he comes in, if he takes
dot dollar, he's going to be a beezeness
man; if he takes dot whisky, he's going
to be a drunkart; if he takes dot Bible,
he'll be a preacher," and hid behind the
door to see what his son would choose.
In came the boy whistling. He run up
to the table, picked up the dollar and
put it in his pocket He picked up the
Bible and put it under his arm; then he
snatched up the bottle of whisky and
took two or three drinks and went out
smacking his lips. The old Dutchman
poked his head out from behind the door
and exclaimed: "Mine Got, he vas goin'
to be a bolitician!"
Still another American grain crop is
waving its head exultingly and joining
the ranks that are filling for the general
march to prosperity. It is rye—a grain
which never has been popular in the
United States except as a raw material
from which which whisky can be made.
Rye bread is made here in limited quan-
tities; but, either because of the grain or
the making, a little of it goes a long way
with the people whose digestive apparatus
has not been crossed with that of the
ostrich. In Europe perhaps rye bread
is better, perhaps digestion, for North-
ern Europe uses more rye than wheat,
and the rye crop over there is short this
year; there is a strong demand for Amer-
iman rye, our crop is not equal to the
demand, so the customary price has al-
ready doubled, with the prospect of treb-
ling in a short time.—Ex.
Still another raid on the people's pock-
ets through the kindness of the Pension
bureau. It is reported that what is known
asa "common law marriage" has been
declared by the bureau to be sufficient to
justify a claim for a soldier's widow's
pension. The common law marriages—
that is, man and woman living together
as husband and wife, no ceremony hav-
ing been performed nor any official record
having been made of the marital inten-
tion of the parties to the compact—have
always been regarded with disfavor by
jurists, although some state laws recog-
nize them. The marrying of veteran
soldiers for the pensions that will come to
the widows, has been a flourishing indus-
try for many years, and there are classes
of people who appear to see nothing un-
seemly in a girl of seventeen marrying an
ex-soldier of seventy for revenue only,
but to extend such speculative efforts by
recognizing the common law marriage,
with its apparent ease of proof, is to
make a new business for all the cheap
adventuresses in the land. The govern-
ment of the United States should be
above such dirty business.
It is said that more than one private
law firm in Tetas received a big fee from
the Southern Pacific railroad, to explain
to the state the beauties of the $25,000
compromise, There was no corruption
but a slick overpersuasion of state of-
ficers to let the corporation down light I
is said the company paid the slick per-
suaders twice as much as it paid the of-
fended dignity of the states
Influence in these days is a commer-
cial commodity for which corporations
pay very high when in aitight squeeze. It is
quoted at $25,000 in the Texas market
As long as Texas is shut off from its
Gulf coast and the tramp ships by a
higher freight rate, so long will its peo-
ple farm at a loss.
As long as Texas people have to rush
their crops on the market at a certain
time to pay for eastern goods, so long
will the East dictate the price of our raw
material.
If the people in school house clubs
would get this into their heads their
heads there would be a change, Poli-
ticians fool them.
What astonishes the people is that
Tom Campbell, the great International
manipulator, should approve the South-
ern Pacific compromise.
If the Southern Pacifiic was only guil-
ty of a little sin why did the Austin ring
announce that it had persistently for two
years outraged the law, until it had the
appearance of treason? The compro-
mise is a case of before and after tak-
ing.
Mr. Crane says that there were so
many of violation of the law by the
Southern Pacific that he could not pros-
ecute and had to compromise. Will the
attorney general say that all a murderer
has to do is to kill enough people to get
off with a small compromise? The pres-
ent attorney general will not be the last.
Why did he not continue some of the
cases over for his successor, to be named
by the ring? Bosh!
If the farmers all over Texas will get
in their school houses and figure out what
is absorbing their earning, they can, by
united action, make a change. Do this
before the siren song of the politician is
being sung. Do this before the pie eat-
ers confuse you with liquor, brass bands
and party yells. They make their money
by being slick enough to mislead you and
tangle you up. Your prosperity don't
concern them. If you will submit toil
they will compromise you out of your
blind mule. They travel on railroad
passes and smoke two-bit cigars even
when crops are short
The report of the appraisers of the es-
tate ofT. H. King, the Greenville bank-
er who was drowned in a tank near that
city some months ago, shows a total valu-
ation of $390,000.
5 GOOD
ftf
TOPS
Will not rest on their
oars.' It is continuous
effort that succeeds.
Keep reading reform
literature—keep poking arjru-.
mentat your neighbor—you'll
ft? 'be surprised how soon reform
ideas' will spread. True, thisc
2,world wasn't made in a day, but
the job'was finished in six.
(It
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STb. Msreurv Is «bs be ml tl asry
:fymt CM Cad. It people eoadcrlwc.
• Year Hat will be extended e year free
ée IM yetriyilAWiftM
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41
Ibn. —t Omnulnfd Sumr
Shipped to anybody. Send no
~uey, trots *
$1.00
>ut encloee stamp to
«•easlMstrt WfcafaasW S. C ,m 8. CUaUa BC,D*rt.36 Ckfcsr
sOameOotelT
ST. LOUIS.
RATES: $2 Per Day.
Room and Breakfast, $i.
EUROPEAN PLAN, $I.oo Per Day
Good Rooms. Good Meals. Good Service.
When yon Visit St Louis stop at
ST. JAMES H0TEL,
Broadway A Walnut Sts.
Street Cars Direct to Hotel.
KIDNADINE.
Dropsy, In-
'8 and Blad-
[RUQT8TBKBD TKADB MARK.]
Cures Brlght's Disease.
flammation of the Kidneys
der, Diabetes, Rheumatism, Impo-
tency, Pain lul or Suppressed Mens-
struation and all complaints arising
from a diseased state of the Urinary
Organs. Price $1,00 per bottle.
Kidnadine Medicine Company,
404 Inter-Ocean Bldg., Chlcugo^|
HI 9su d (or booklet. Agents wanted. B|
DETECTIVES.
bright and shrewd, wanted in this and other to
callties. to represent the American Detective
Agency, and work under our instructions Ex-
Ssrience not necessary. The largest independent
etective Agency in the world. Particulars
tree, with sample copy of America's greatest
police paper. Address American Detective Agen-
cy, Indianapolis. Ind.
Black Lands.
Ten acres or more or more within two miles o(
Houston, four miles of courthouse, $15 to $26 per
acre, easy payments* Hundred thousand acres
30 miles of Houston, in tracts to suit the buyers
at $8 to $10 per acre; easy payments.
Brazos plantations,renting for $4 to $5 per acre,
adjoining railroad towns, price $15 to $20 per
acre.
Any part of two thousand acres near Alvln,$10
to$20 per acre. Will take half [our equity] In
trade. CASH D, LUCKEL,
Houston and Galveston.
KLONDIKE
.....AND THE...;:
Yukon Country,
BY L A. COOLIDGE.
With a chapter by JOHN F. PRATT,
Chief of the Alaskan Boundary Ex-
pedition of 1894.
60LD FEILDS OF ALASKA,
Where they are, what they are like, and
and how to expeditiously reach them.
Embellished with New Maps and 18 Photo-
graphic Illustrations, 335 pages, umo.,
SO cents Postpaid.
SANTA FE
TO
SAN ANTONIO,
A new wav to get there.
Beginning January 10, 1897. and every
day thereafter a through
PULLMAN SLEEPER
Will Leave
Pari at
Dallas at
rieburw at
Fori Worth at
j:ao p a
8:jo p m
i:je> p m
9:40 p m
(Pasten*prs from PVrt Wf 'b will
connect with sleeper at Cleb rne)
^rrlvlnfir at
SAN ANTONIO 8:40 A. M.
Via G. C. ft S F Cam
8. A. & A. P toF onla
80. Pac. to SanA no.
Ons change only, with direct connections fo
coach passengers at Cameron.
Abeolately the quickest time between Nort
Texas and 8an An onto
9
I
W. 8. KEENAN.
Oi P. A. G. C. *8 F.F'y
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Park, Milton. The Southern Mercury. (Dallas, Tex.), Vol. 16, No. 39, Ed. 1 Thursday, September 30, 1897, newspaper, September 30, 1897; Dallas, Texas. (https://texashistory.unt.edu/ark:/67531/metapth185728/m1/3/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .