The Texas Miner, Volume 1, Number 5, February 17, 1894 Page: 3
The following text was automatically extracted from the image on this page using optical character recognition software:
THE TEXAS MINER.
THE WILSON BILL.
John H. Inman says the Tennessee Coal and Iron company
mine 11,000 tons of coal a day.
We give some extracts from the wonderful speech on Protec-
tion of American Labor by the Hon. Thos. B. Reed of Maine.
If all our wage earners would read his plea for high wages, very
few of them would vote again for the congressmen that passed
the Wilson bill in the house of representatives. That bill, if
properly named, would be called "a bill to reduce the wages of
"Whether the universal sentiment in favor of protection, as
applied to every country, is sound or not, I do not stop to dis-
cuss. Whether it is best for the United States of America alone
concerns me now, and the first thing I have to say is that after
thirty years of protection, undisturbed by any serious menace of
free trade, up to the very year now last past this country was
the greatest and most flourishing nation on the face of this
earth. Moreover, with the shadow of this unjustifiable bill
resting cold upon it. with mills closed, with hundreds of thou-
sands of men unemployed, industry is at a standstill and pros-
pects before it more gloomy than ever marked its history—-
except one—this country is still the greatest and richest that
the sun shines on. or ever did shine on
••This question of wages is all-important as bearing upon the
question of consumption. All production depends upon con-
sumption. Who are the consumers? In the old days when
the products of the manufacturer were luxuries the lord and his
retainers, the lady and her maids, were the consumers apart by
themselves, but to-day the consumers are the producers.
"We are nominally 70 000,000 people. That is what we are
in mere numbers. But as a market for manufactures and
choice foods we are potentially 200 000 000 as compared with
the next best nation on the globe. Nor is this difficult to
prove. Whenever an Englishman earns $1 an American earns
"On page 365 of Mulhall's " Dictionary of Statistic;-." he says
the total yearly product of the manufacturers of the world are
^4,474 000 000, of which the United States produces 1.443 -
000,000. We produce one-third and the rest of the world,
England included, two-thirds.
"The population of the world is 1,500,000,000, of which we
have 70 000 000, which leaves 1 430 000,000 for the rest of
mankind. We use all our manufactures, or the equivalent of
them. Hence we are equal to one-half the whole globe outside
of ourselves, England included and compared as a market with
the rest of the world our population is equal to 715,000 000.
' The progress of this nation is dependent upon ;he progress
"Can you get a carpenter or bricklayer to work for 25 cents
a day? He did it in England in 1725. To-day in the United
States it is a poor place where he cannot get ten times that
sum. Why does he have to have ten times as much? Because
the carpenter of to-day could no more live as did the carpenter
of 1725 than he could live in a cave and hunt snakes for food.
' Says Mr. Francis Walker in substance, for I quote only
from memory, and from a newspaper at that: "If the workman
of America would be content with the meagre life beyond seas
he could save two-thirds of his entire wages."
"To sum it up, if this protection gives us money and men,
and our vast country needs both, it may show why we have so
wonderfully prospered. The way to have two jobs hunting one
man is to keep on making new mills and try to prevent the com-
mittee on ways and means from pulling down old ones.
"We know, my friends, that before this tribunal, we, all of us,
plead in vain, but this country will have a protective policy and
will go on and fulfill its high destiny untill over the South as well
as over the North shall be spread the full measure of that amaz-
ing prosperity which is the wonder of the world."
The Fifty-third Congress has gone too far already in legislat-
ing for millionaires and against the workingmen. Stop it!
The New York Central and Hudson River railroad companies
consume one million two hundred and fifty thousand tons of coal
Jav Cooke, the famous financier, advocates the free coinage
of silver, and says "the free coinage of silver is a real protection
to American labor. The time will come when all will see it.
I have not a single dollar interested in silver mines; I am not a
crank, and think I know what is the best interest of the masses,
and know I only wish for what is the best interest of this
FREE COINAGE OF SILVER AND FREE STATE BANKS.
Senator Quay has given notice to the Senate that he will offer
an amendment to the Wilson tariff bill providing for the free
coinage of silver, and for the repeal of the tax on state bank cir-
culation. Good for Quay. Now let us see who are the friends
of the laboring classes. If the Senate strikes out this amend-
ment, it means that the millionaires, under the lead of President
Cleveland, are determined to make the rich richer and the poor
poorer—to make the laboring man more the slave of the money-
<500,000,000 Deeper in Debt; $¿,500,000 Interest to Pay Annually.
Mr. Carlisle's bond issue of $50,000,000 would have been an
ignominous failure if it had not been for a subscription of the
Trust companies, some of the banks of New York, of $47 000.-
000. Chas. S. Fairchild, one of Cleveland's admirers said to a
Recorder reporter :
"It is, indeed, pure patriotism on the part of the bankers to
subscribe for the bonds," said ex-Secretary of the Treasury.
Charles S. Fairchild president of the New York Security and
Trust company. "There is no money in the bonds for them.
It looked very black yesterday for the issue, but I told President
Stewart of the United States Trust company, and President W.
L. Strong, of the Central National bank after the conference at
the sub-Treasury, that it would be an outrage to let the bond issue
fail. I said New York called for bonds, and it was its duty to
take them. I wrote later to the Secretary of the Treasury that I
believed the bonds would be bought I did not see how it could
be otherwise. The bankers have shown that their interest in the
issue goes beyond an eighth or a quarter of 1 per cent, commis-
sion on the bonds."
Yes, we think it is "pure patriotism" to subscribe to a bond
issue that has very doubtful authority for the issue, when an in-
competent administration is pushing forward the Wilson bill to
make a further deficit of $75 000 oco annually—and when we
borrow money, with millions of silver money idle in the Treas-
ury, that might be coined and paid out, instead of running into
debt, there is likely to be two to three hundred millions more
bonds issue dunder the present administration, of which the New
York Democratic Sun says : "Incompetency, treachery and
inconceivable folly, is the whole story of democratic
How is that for a strong Democratic newspaper? When
such a paper as the New York Sun denounces a Democratic an-
ministration in the terms we quote above, what is there left
for a Republican newspaper to say ? From the start the ad-
ministration has been an inglorious failure, as every administra-
tion will be that legislates only for the rich and ignores the in-
terest of the masses.
If you are not a subscriber send in your name.
Here’s what’s next.
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
McAdams, Walter B. The Texas Miner, Volume 1, Number 5, February 17, 1894, newspaper, January 27, 1894; Thurber, Texas. (texashistory.unt.edu/ark:/67531/metapth200452/m1/3/: accessed January 17, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Tarleton State University.