The Texas Miner, Volume 1, Number 33, September 1, 1894 Page: 5
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THE TEXAS MINER.
THE "PULLMAN SUFFERERS."
4 4 IN New Bedford there is a big strike among the cotton mill
i hands," say Messrs. Watson & Gibson. New York. "They
are willing to see the stock, both raw and finished, carried by
mill owners during the past five years, constantly depreciate on
their hands; they are willing to see the shares of the companies
go without dividends; but rather than adapt their wages to pre-
vailing conditions they give up what they are now making. For
years labor in this country has demanded increasing compensa-
tion, meantime voting to do everything within the power of legis-
lation to lower the rewards of the manufacturer, and now that
they are asked to do what capital has been compelled to do.
namely, to accept less pay, they rebel and quit work. They are
not above the laws of political economy, and they must observe
them as well as the proprietors. Here comes the communist
Governor Altgeld of Illinois, appealing to the people of his state
for support for one thousand families at Pullman, that he says are
destitute, adding that the men have endeavored to get work, but
were unable to do so.' Did these men try to keep the work they
had? Did thev try to get work when the Debs strike compelled
the railroads to import men from the East because there was no
adequate supply of them near Chicago willing to work? • Will not
the sympathy and contributions of the well-to-do which last win-
ter answered so generously the appeals for charity ot the unem-
ployed be a little deaf to the supplications of men rendered poor
by unwillingness to work at Pullman and at New Bedford be-
cause. perchance, they cannot dictate their own terms to em-
funds, in order to relieve the treasury gold fund. Without this
$10 ooo ooo and without the loan the gold reserve would have
been completely wiped out of existence, and there would have
been a deficiency of $7,624 035 in meeting the demands for gold
that have actually been made upon the treasury with not a dollar
of gold security left for the payment of treasury gold notes. This
is the result of less than eighteen months of a Democratic Ad-
ministration and the fear of free trade and goldbugism.
THE HOME AND THE FLAG,
STUDIES IN SOCIAL ECONOMICS—BY J. ELLEN FOSTER.
What shall we eat, what shall we drink and wherewithal shall
we be clothed is the question continuously asked by universal
To answer it broadly, uniformly and comprehensively for al
the people is the mission of Political Economy.
The means for satisfaction of human needs are the gifts of
nature. Air. water, land and their products are food, clothing
and shelter for man. 'ro obtain them in abundance, to fully
apply and to greatly utilize them is the struggle of human ex-
The savage obtains little: his type of existence being crude,
he neither wants much nor does he fully apply or greatly utilize
the little which he does obtain; but with the use of that little
comes suggestions of needs before unknown. To supply a new
need is the first step in progress. As needs multiply and their
ROM a recent market letter ot Messrs. Watson Oibson, | satisfa.Ction is made possible and is accomplished—in that pro-
New York, we clip the following: portion does the race progress.
"All persons familiar with Southern agriculture have known yjie r(Jje ot progress is from the crude to the simple, from the
simple to the complicated.
At the beginning man is conscious of physical wants only; as
he advances, his intellectual, social and moral nature awakes and
cries out its needs. To supply these needs association is re-
quired; with association in the family, in the community, in the
state and in the nation, needs continually multiply. The highest
that the planters have been notoriously unable to borrow money
on their land, and have had to content themselves with such ad-
vances as they could get from cotton factors on growing crops.
The result of this practice has been merely a surface debt, liqui-
dated each vear. while the Western farmers, with richer lands
and good credit have piled up heavy mortgage debts at rela-
tively high rates of interest on farming lands. Much of this
Western farm mortgage debt was created at a time when grain
sold at high prices. That is one of the fatal conditions that ag-
gravate the damage from low prices for cereals in the West, and
it is one of the evil results of low prices which is felt in a greatly
reduced degree by the Southern planter. Sometimes too good a
credit ruins individuals and sections, so, per contra, bad credit
works for ultimate good. At one period in our civil war our
credit was low, and the capitalists of Great Britain shut their
purses and refused to take our bonds, the Germans and Dutch
alone buying largely, but our own people took the great bulk of
the issues, for which, luckily, no ample and ready market ex-
isted abroad. Afterwards, with our credit fully established, they
took them more freely, but at higher prices."
FREE TRADE AND GOLDBUGISM.
JUS T before the country passed into control of the present Ad-
ministration. January 31. 1893, the gold reserve in the na-
tional treasury amounted to $108,000 000. A year later, on
january 31, 1894 it had been reduced to $65,000 000. By the
aid of a $50,000,000 bond gold loan, and the premiums of $8.-
000 000 on that loan, the reserve was again restored above its
legal limit of $ 100,000.000 Last month, July 23, the gold re-
serve had again fallen to $60,375 .695. Deducting theretrom the
$50 000.000 gold loan and the $8,000 000 of premiums on the
loan, we would have only $2,375,695 remaining as the balance
of the treasury's gold reserve to maintain the credit of the coun-
try after less than eighteen months of a Democratic Administra-
tion that has threatened the country with free trade. Thus:
NATIONAL GOLD RESKRVE.
January 31, 1893 $108,000,000
type of human existence is that in which man is conscious of the
most numerous and diversified needs and possesses the largest
opportunity to supply them.
The evolution from savagery to Twentieth century civilization
is outlined from fig leaf and the apple to the power loom and the
banquet; from the tree tent, the flint and the sticks, the pine
knot and the tallow dip, to the modern home, steam heated and
electric lighted; from man's weary walk and the camel's slow pace
to the "limited expreso" and the - rapid transit" of steam and
Never a step of progress was taken by the man whose con-
scious wants were wholly satisfied. It is the hungry soul which
shall be fed; it is the explorer who finds the land of promise.
"Let well enough alone" is not a shibboleth of progress; timid
weaklings sigh for the "good old times"; the best the "good old
times" did was to bring forth the new and better times in which
we live. The fullest life reproduces life; there is no higher joy
than that of creation; to give better conditions of living to our-
selves and to those who come after us is the supreme delight of
robust souls who believe it doth not yet appear what man may be
or to what excellence society may attain.
Is it asked, "Are the armies of the discontented now march-
ing to and fro in the land—are these a development of the oper-
ation of this law of progress?" No; these men are not anxious
to add to the sum of human good by increasing, applying and
utilizing the forces of nature and the skill of man. They seek to
readjust and rearrange the order in which these present acquire-
ments are distributed. They are not dissatisfied with the rate
of progress; they are dissatisfied with their relations to present
conditions. Their dissatisfaction produces inaction and conse-
No account has been here taken of the $10 000,000 in gold! quent deterioration and impoverishment and is a travesty ol the
secured from New York bankers last month, by a transfer of i law of progress.
July 23, 1894
Gold loan $50,000,000
Balance without loan
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McAdams, Walter B. The Texas Miner, Volume 1, Number 33, September 1, 1894, newspaper, September 1, 1894; Thurber, Texas. (texashistory.unt.edu/ark:/67531/metapth200480/m1/5/: accessed December 19, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Tarleton State University.