The Temple Times. (Temple, Tex.), Vol. 14, No. 33, Ed. 1 Friday, July 5, 1895 Page: 2 of 8
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Entered at the Poet Office in Temple, Tex,
»i Second Class mall matter.
THE BOND SYNDICATE.
New York, June 29.—Bradstreets
publication to day printed the fol-
lowing in a conspicuous place:
“Inasmuch as many usually well
informed newspapers appear to con-
tinue in doubt as to whether the
bond syndicate has completed its
work or not, whether it is about to
dissolve and leave the treasury gold
reserve, now well aboye the $100,-
000,000 mark, to the tender mercies
of the market of foreign exchange,
it may be well to state thus promi-
nently that the syndicate has not
completed its undertaking. It ex-
pects to continue to lend all proper
support to the treasury in main-
taining $100,000,000 of gold reserve
until October, 1895, in the same
way and manner that it has thus
far. Therefore, Lombard Street
and Wall Street operators who have
remained in doubt as to the proba-
ble future of the market for Ameri-
can securities because of their un-
certainty on the point referred to,
they may at once replace that doubt
with a sense of security which this
information must tend to impart.”
This publication means much.
It states that the reserve is well
above the $100,000,000 mark
The Treasurer puts it at seyen
millions above. The repori
concedes that the syndicate can,
at its own option, get out ol the
way of those who would pull
the reserve out of the treasury.
The nation is at the mercy of a
syndicate and tbegoldbugs are
determined by all means, fair
or foul, to keep it just
where it is. They propose
no enange that will give relief
from this “Island Devil,” They
exult in every defeat of the
people’s effort to be free men.
SOME COLD COMFORT.
A Hillsboro correspondent to
the Galveston News says:
The utterances of Harry Tracy
here yesterday on the silver ques-
tion do not give the free and unlim-
ited silver democrats much comfort.
His exact words are as follows: “We
do not believe in the free and unlim-
ited coinage of silver. We restrict
it to $50 per capita. The free and
unlimited coinage at the ratio of 16
to 1 would drive all the gold out of
the country in three months. We
prefer legal teuder redeemable in
gold and silver, to either gold
silver,"
Free and unlimited coinage
democrats do not look to Harry
Tracy for comfort, nor for orac-
ular i-esponses, nor wisdom, nor
logic, nor any other good thing,
bo more than they expect truth
and consistency and frankness
and a clean record in the News.
their wealth and
tribute now for 30
the amount increases until it
has now reached an amount
greater than all the other ex
Condition in Mexico.
Houston, Tex., June 25.—To The
News: I have lead with some care
a communication from your special
correspondent at the City of Mexico-----------—T
giewer mail nil iuo uiupi bearing date the 20th instant, and of wages that has prevailed in gold
,, a published in your issue of the 25th standard countries can be perpetu-
pen** combined, extravagant;^ w?chheattrlblltc9 the ated bll. by storing silver to on-
and useles though they be. low wages received by labor in Mex- limited coinage and keeping wl
of, the gold standard nations that
keeD wages up. And in keeping
wages up they are driving produc-
tion and the demand for labor away.
And there is no way "that the scale
The Career of a Hoodoo Coin.
The “hoodoo half,” a Columbian
coin which has been circulating
among Pittsburg gamblers for some
weeks, was invested with new in-
terest to-day. It was found that the
coin was in the pocket of Isaac Jope,
the clerk at the First Avenue hotel,
who was murdered there last Mon-
day morning.
The coin has broken every Pitts-
burg gambler who had anything to
do with it. A Chicago man passed
it mto a poker game about six weeks
ago in Washington and he broke
the banker. Every gambler in
Pittsburg took a turn at it, and
they all went broke. One night it
was thrown into the cash box of a
Faro bank, and in one hour that es-
tablishment was forced to quit bus-
iness. Shortly after the coin was
slipped into the pocket of a Pitts-
bvrg man, who is one of the best
known and most successful gamblers
in Pennsylvania. He did not know
that the coin had been slipped into
his pocket, but he borrowed car
fare to get home.
The coin continued its work of
destruction and gamblers came to
regard it with superstitious fear.
Hotel Clerk Jope received the coin
in payment for a room from a faro
bank dealer, and a few nights after
Jope was brutally murdered.
We’d like to see it turned
loose, in Temple, and see wheth-
er it didn’t hit something be
sides a professional gambler or
a hotel clerk. If it didn’t make
a record higher than that we’d
favor its return to hoodlum for
recoiuage and more doodlum
allov.
Temple feels the effect of her
three days’ effort. It was a
success. Eulogy adds nothing
to what is perfect. It is im-
possible to gilt gold.
low wages received by labor in Mex- limited coinage and keeping within
ico to the free coinage of silver, their boundaries the employment of
Now, it is of the utmost importance the machinery their inventive geni-
m
m
The Kentucky Lesson.
Wo have been told, with glee or
gloom, as the teller’s view has de-
termined, that the whole south and
west were afire for free coinage at
to the people of this country that
they should reach and understand
the truth in this matter. Now, I
affirm that wages are as high in
Mexico as they were when a Mexi-
can dollar was at a premium in gold,
and that a day’s wages now in Mexi-
co in any of the avocations of life,
will buy as many of all of the com-
forts of life as it would when the
Mexican dollar was at a premium in
gold. Now what is the inevitable
result of a condition that enables
the manufacturer to sell his goods
on a gold basis and pay his labor on
a silver basis? It is to rapidly in-
crease the manfacturing business.
This gives increased employment to
labor and by multiplying the de-
mand for labor the tendency is to
enhance the price of w£ges. Now
let us see how this works in Mexico.
The McKinley bill levied a tariff on
silver ores containing lead, which
prohibited them from being sent to
the United States to be smelted.
Since then there has been invested
in Mexico more than $15,000,000 of
American money in smelters, both
on account of the tariff and the low
wages at which labor could be se-
cured to work them. Does any sane
man suppose that the building of all
those smelters and the demand for
the labor to work them does not
have a tendency to improve the con-
dition of labor in Mexico? I think
not. Senor Romero says that all
labor is employed in Mexico and
wages are advancing. And if the
day’s wages will bring as much now
as it ever did, which is a fact; if the
conditions, that permit the sale of
manufactured products on a gold
basis and labor to be paid on a silver
basis, caused factories to be started
that will employ ten laborers where
one was employed before, then I
ask are not the conditions of labor
improving? And such is the ten-
dency in every silver using nation
on the face of the earth today. The
us produces. J. S. Daugherty.
An Important Issue in Texas Politics,
The freedom of the press has won
in Illinois and a fair libel law is now
in force there. The cause of just
and useful liberty for a public spir-
ited and responsible press that fail-
ed in Texas because of the bitter op-
position of pol’ticians anxious to in-
trench themselves and their works
angainst criticism and of their
dupes and beneficiaries in the legis-
lature of the state has succeeded in
Illinois and in other states, and the
power of the party boss to silence or
to blackmail the independent and re-
liable journals of the country is
growing le§s every day. The fol-
lowing is now the law in Illinois:
That in any action brought for the
publication of any libel in any news-
paper in this state, the plaintiff
shall recover only actual damages,
if it shall appear at the trial of such,
pubheatiott w&s made in good faith,
arid that its falsity was due to mis-
take or misapprehension of the facts
and that in the next regular issue of
said paper after such mistake or
misapprehension was brought to the
knowlede of the publisher or pub-
lishers of such newspaper, whether
before or after the suit brought, a
correction or retraction was pub-
lished in as conspicuous a manner
and place in the newspaper as was
the libel.
A bill with similar provisions was
rejected by the lower house of the
Texas legislature ot the late session.
It has been most pertinently and
truthfully said that “under the Tex-
as rule of tradition and custom
which a similar amendment was de-
signed to rectify, and which a major-
ity of the members of the house in-
dorsed, there has been found no
distinct law of libel, as far as news-
papers are concerned, apart from a
deliberate purpose to blackmail the
responsible press of the state for
There was never anything like
rush for the new bond is-
sue except the
rush for
USELTON’S Grocerie|
The people of this country know a good thing when
see it, and they always
1 W
(See it at This Hous>
His goods are always at par and it takes lots of tl
to satisfy the hungry.
.
Brick! i BRICK
Hie Belton Wbite Brick Works.
Are prepared to furnish Brick, common or re-pressed in
quantity on short notice Orders solicited.
Beamer Lovitt,
TlEIMiFILjIE -rS-HSTID BeLTCOST..
state
factories of India, China, Japan and mingled greed and spite.” The con-
Mexico are all rapidly IHfereasing stitution of Texas pi ov ides as fol-
and doing a prosperous business,
and displacing with their products
those of the gold standard nations.
The cotton factories of Japan
are
6 to 1 without asking any other na- overflowing with prosperity while
The treasury report for the
fiscal year ending juue 80
shows that more than half o
all moneys expeuded by the
government is paid to pension-
ers. What greater outrage up
on civilization than levying of
tribute to pay out in pensions
to the defendants ol men who
fought on one side in a civil
war? It is a question about
which there are graye doubts
even when the soldier was en
gaged in lighting a foreign ene-
my, but when it comes to rec-
ognizing the barbarous rule of
“might makes right” and forc-
ing the grand childreu of the
vanquished to pay tribute to
the grand children of the victors
it lacks every element of right.
A generation has passed away guards of
airif'ft t.hft v^rrlirt r»f f ......i_~n ...
since the verdict of the sword
said the South was wrong. The
South was subject to a greater
humiliation than Caesar ever
imposed on a conquered Gallic
tribe, they were despoiled oiall
tion’s assent or assistance.
Many persons have believed this.
Among them has been Senator
Blackburn, of Kentucky. As that
gentleman has a fondness for Sena-
torial dignity and John Chamber-
ain’s refreshments, and therefore
wants to be re-elected, he injected
this silver issue into the Kentucky
Democratic Convention. He sought
by definite resolutions to commit
the democracy of Kentucky to that
policy and he confidently believed
” of that state
would “rally as one man” in sup-
port of the cause.
As a matter of fact he was beaten
in the convention by nearly three to
one.
It is true that the convention
nominated a free silver man for
governor, but as governor no man
can have anything to do, practically
with the adjustment of this question,
and Hardin was nominated on his
merits as a fit man for governor.
The fact appears to be that the
craze to force the issue of silver
monometallism against gold mono-
metallism is dying out. The people
are beginning to understand that,
as Mr. Whitney recently said in
The World, we shall have the whole
question satisfactorily adjusted by
international agreement in a year or
two if we do not spoil the program
by precipitency in our own action.
They begin to see that with German
sentiment strongly in favor of inter-
national bimetallism, with British
sentiment tending in the same direc-
tion,and with bimetallists for Chan-
cellor of the Exchequer and leader
of the House of Commons in Eng-
land. it is a peculiarly good time to
avoid rash experiments and ex-
treme views here.
The great majority of the people
want sound money first of all. A -
ter that they want silver restore!
to general use, under such safe-
in tern atioual agreement
as shall make it indisputably sound
money, Under the tutelage of cir-
cumstances they are learning to
wait for the accomplishment of
these ends in the only way in which
they can be accomplished safely- —
New York World. --
those of Great Britain are in a con
dition of distress.
Mr. Carlisle does not truly meet
the question in the five propositions
he makes. It is not whether wages
are lower in the silver standard na-
tions than in the gold standard,
’here was neyer a time when they
were not. The true question is
whether the relative condition of
labor in the silver and gold standard
nations is worse or better now than
prior to the demonetization of silver.
And when this is truthfully answer-
ed the evidence is that manufacto-
ries are rapidly increasing, as well
as the demand for labor, in all silver
jasis countries, and that factories
are not prosperous and employment
difficult to secure in all gold stand-
ard countries. Notwithstanding
many of our factories and foundries
and other industries have been eith-
er running on short time or closed
:!or the past two years to permit the
surplus to be consumed, sti'l after
phis wait of two years and boasted
revival of business, Mr. Gompcrs,
in his St. Louis speech a week ago,
tells us there are 2,000,000 men in
enforced idleness in the United
States. If anyone supposes that
transferring the smelting business
from the United States to Mexico
had nothing to do with this, he is a
short sighted observer. If he thinks
that India, China and Japan, spin-
ning millions of pounds of coiton
annually now where formerly they
bought it from Great Britain, does
not affect the labor of Great Britain
he would not do for a Moses. I rise
to sav that unless unlimited silver
coinage is adopted by Europe and
the United States and an embargo
laid upon the machinery produced
by the inventive genius of the
Caucasian race and keep it away
from the Mongolian, that we will
either have to build Chinese walls
around us, or our labor will be
placed on the same plane as theirs.
Your correspondent fails entirely to
diagnose the case in Mexico. The
lows:
Every person shall be at liberty
to speak, write or publish on any
subject, being responsible for the
abuse of that privilege, and no law
shall ever be passed curtailing
the liberty of speech, or of the press.
In prosecution lor the publication of
papers, investigating the conduct of
officers or men in public capacity, or
when the matter published is proper
for public information, the truth
thereof may be given in evidence,and
in all indictments for libels the jury
shall have the right to determine
the law and the facts under the di-
rection of the court, as in other
cases.
It is evident from this provision
that the people of Texas and their
delegates to the constitutional con-
vention twenty years ago under-
stood and favored the freedom of
the press. While this is true, the
misrepresentatives of the people in
one legislature .after another have
failed or refused to elaborate and
make effective by statutory enact-
ment the spirit of tips provision in
lavor of wholesome criticism, useful
investigation and valuable public
information. This failure or re-
fusal is the more remarkable ana in-
excusable because of a plain com
mand in sest.ion 42 of the constitu
tion tnat “the legislature shall pass
such laws as may be. necessary to
carry into effect the provisions o ’
this constitution.” The legislature
has done nothing of the sort. Tin-
neglect involves default of the oalh
taken by every member of the legis-
lature, which begins as follows: “I,
, do solemnly swear (or affirm)
1894 Ha^ Kjront
ffnd We arc Goin
To sell you the best Groceries and vegetables
to be found vin Temple and at low prices.
1895 Has Come
2£nd We arc Comin
To the front as the leading'Grocery Houst
Temple. We keep the best and the bes'
the cheapest. Give us your Grocery bill
a month and you will be pleased with
result!
BLACK :: BROf
TENTH STREET.
J. E. MOORE,
that 1 will faithfully and impartiall
lv discharge and perform the duties
incumbent, upon me as-, ac-
cording to the best of my skill an!
ability, agreeable to the constitu-
tion and laws of the United States,
and of this state.” The last legis-
lature refused deliberately to obey
this command of the constitution
which members liaa sworn to ob-
serve. This refusal brings squarely
before the people an important is-
sue between the respectable and re-
liable press and the politicians of
Texas who have consnired through
their henchmen in the legislature to
secure themselves against exposure
to disagreeable criticism. The peo-
ple must decide whether trickery
and crookedness in high places and
in lowr places shall be exposed in
time by a free and fearless press or
whether such dangers shall be cov-
ered over and kept from the public
in order to help along the guilty
favorites. In the end the people
will decide this matter in favor ol
® Real Estate and Insuranc
AVE. D, T:E:M:P:L:E, T:E:X:A:S—
Mr
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In Combination!!
By Special
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Greatest of the Magazines*
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.....v...................... in
reason of the low price of wages tho pVCSg anc] 0; themselves and
there is the ignorance of the people Texas will have a fair provision ou
this important subject something
forming ^ statvite just enacted in Illi-
that prevents them from
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Crow, J. D. The Temple Times. (Temple, Tex.), Vol. 14, No. 33, Ed. 1 Friday, July 5, 1895, newspaper, July 5, 1895; (https://texashistory.unt.edu/ark:/67531/metapth584637/m1/2/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Abilene Library Consortium.