The Texas Miner, Volume 1, Number 4, February 10, 1894 Page: 2
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THE TEXAS MINER.
THE TEXAS MINER.
W. B. McADAMS, EDITOR.
Advertising Rates made known on application lo the Business Office.
PUBLISH EO EVERV SATURDAY.
Entered at the Post-Office in Thurher, Texas, as Seco/id-Class Mail Matter.
Thurber, Texas, Saturday, Feb. 10, 1894.
THEN AND N OW--1892-1894.
In 1892 this country was on the highway of prosperity; our
manufacturing establishments were filled with orders; the wage
earners all had work, receiving good wages; our mines were
running in full force; our farmers were satisfied with the prices
. received for their products, for they had a large home market;
because 'the working classes were earning a rate of wages that
they could afford to buy not only the necessaries, but also many
of the luxuries of life; our exports and imports were approaching
high water mark the income of the government was in excess
of its expenditures, confidence and a hopeful, joyous feeling
pervaded the land from the Atlantic to the Pacific slopes; this
state of things continued down to the November election.
Grover Cleveland was elected president by a large majority,
by reason of one of those unaccountable waves of public opinion,
that like the electric current, flashes unseen and unheard
through the land. It came like a flash of lightning out of a
clear sky, and startled the conservative and thinking portion of
the commercial community. Mr. Cleveland's views on finance
were formed on the iiaes of thought of London money kings and
Wall street millionaires, and his so-called -'tariff reform" opinions
were in accord with the wishes and hopes of foreign manu-
facturers, scared our manufactureras, but gave hope to the gold
barons and. creditor classes that at last they had an ally in
power that would assist them in making their money double
and treble in value, at the expense of the masses. Within
twenty-four hours after the election of Grover Cleveland was
known, all the new proposed extensions in the line of domestic
manufactures were dropped, building of manufactories, and
houses' orders for machinery were countermanded; mills that
were working extra time cut down their product; others that
did not have orders ahead began working short time; long
headed bankers began to shorten their credits and place their
money in gold—or its equivalent, London exchange—and lock
them up in their steel and safe deposit vaults; Eastern papers,
to strengthen Cleveland in his monometal ideas. began an outcry
against the so-called ^óo-cent silver dollar." All this brought
its sure and legitimate result, and very soon the fear that began
in high prices, went into the minds of the masses and they began
to draw the accumulated profits of their labor in gold, from the
depositories of savings, and put them away in cupboards,
stockings and other hiding places; the profits of labor that had
accumulated under the workings of a protective tariif were
nearing three thousand millions of dollars, and when this vast
sum began to be drawn against under the influence of fear, it
precipitated the panic of the summer of 1893. Mr. Cleveland
called an extra session of congress, and at that session, with
whip and spur, and with the influence of promises of office, and
the threat that no representative could expect any favors unless
he voted for the unconditional repeal of the Sherman bill,
succeeded in practically placing this country on a monometal
basis. During the time this fight was going on the gold bugs,
through the press (that they control in so large a measure) said
"if you will only repeal the Sherman bill unconditionally, the
trouble will be all over, and prosperity will return to this
country," but they, as false prophets did in olden times, "cried
peace, peace, and there was no peace," and now at this time,
the pet tariff reform bill of the administration is being forced
through congress by the same methods that the Sherman bill
Portions of the Wilson tariff bill directly go against the
interest of the southern states; the repeal of the duty on coal
will injure Alabama and prevent the extension of the coal
interests in other southern states; the repeal of the sugar bounty
strikes at the best interests of Louisiana the hardest, but it will
also effect the extension of the sugar interest in this state; the
repeal of the duty on wool also strikes a heavy blow at the
already depressed sheep interest in this state. The growing
iron interests of Alabama should have encouragement instead of
a set back.
It is a well known fact that south of Mason and Dixon's line
the manufacturing interests have been springing into existence
in the last decade as rapidly as in any portion of our country.
There are many indications that the manufacture of print cloths
and coarse cottons will be largely done in the south in the near
future. In short the passage of the Wilson bill will be more
disadvantageous to the young growing manufacturing interests
of the south than it will to the longer established manufacturing
interests of the northern states.
Now in the second month of 1894. what is the condition of
the country? All business paralyzed; hundreds of thousands out
of employment; money scarce the products of the mines, farms
and looms at a lower price than ever before known; confidence
shaken; the money centres congested with idle money taken
from the rills of trade; the treasury of the nation depleted of
gold and the secretary of the treasury refuses to pay silver
coin that lies in the treasury out for expenses of the government
and on debts payable expressly in coin and takes advantage
of the very doubtful authority granted by congress nearly twenty
years ago and advertises an issue of bonds. This state of
things is hailed with delight by the money kings, but strikes
terror into the minds of the masses, .This describes fairly the
situation in 1892 and 1894.
TALK AT US.
That's what we want of the bright minds of this camp. How
do we know what the best interest of this town is unless you
tell us; we are new comers; we want to see this town grow into
a city; we want to see this coal camp the largest in the country;
we want to make the The Texas Miner worth reading, you
can help make it so.
The land of flowers and sunshine offers the greatest induce-
ment to industrious immigrants. Cheap lands, fine climate,
good soil excellent common school system health and wealth
to the industrious are the inducements this state offers. The
prejudice against this state is rapidly disappearirig; in no state
in the Union is ' life liberty and the pursuit of happiness" better
assured than here.
A HEAVY LOSS.
William Ryle & Co., silk manufacturers, have given notice of
a cut off of xo per cent in their wage list. They employ about
200 hands in their mill at Newton Upper Falls, Mass., and the
announcement of the reduction has caused a commotion among
the employes. The mills, have been working only thirty hours
per week since November. The proposition made by the firm
is to make a reduction of 10 per cent and increase the run to
forty hours. The new wage list went into effect Jan. 29. The
firm claims that it has lost $25,000 within the past six.months.
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McAdams, Walter B. The Texas Miner, Volume 1, Number 4, February 10, 1894, newspaper, January 27, 1894; Thurber, Texas. (texashistory.unt.edu/ark:/67531/metapth200451/m1/2/: accessed May 22, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Tarleton State University.