The Peoples Voice. (Norman, Okla.), Vol. 4, No. 25, Ed. 1 Friday, January 17, 1896 Page: 1 of 8
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rM
BiruKKthf law was written down with
parchment or with pen:
Before the law made citiseus. the moral
law made men.
Law htandft for human ri^hti. but when
it faiUtho«e right* to give.
Theu let law die. mylirothvr. but let hu-
man beings live.
mt peoples
awe.
"Our Republic can *nly exist
so Long as its citizens respect
and obey their self imposed laws."
Labor Is The Parent Of Capital, Encourage Labor, and You, Build Up Capital-
VOL. 4.
norman. cleveland county oklahoma, friday january 17 |89(>
NO 25
II
We -A a Dependency of
Knglainl.
the further we go the
deeper we sink-
no Itcinedy But the Peoples Par-
ty Plat lot in.
Although any demand on the part
of our foreign creditors of the prin-
cipal of our ilebt, as by the return
of our securities, must lead to accel-
erated gold exports; the truth is that
our foreign debt has, under the ap-
preciating gold standard, grown to
such an immense proportion that
the payment of interest charges
^tlone, together with the large sums
clue foreign shippers on our carry-
ing trade, and the annual expenses
of Americans living and traveling
abroad, which have become enor-
mous, makes a constant drain on
our stock of gold inevitable. Gold
monometallism has brought us to
the stage where gold exports are no
longer periodical, and intermittent
with gold imports, but continuous.
We have reached that condition
where the only check to gold ex-
ports is by borrowing gold from
abroad by the sale of government
bonds.—the pledges with our united
credit and property. There is only
one step to bankruptcy.
Our effort to meet our foreign
charges and reduce the principal of
our foreign debt has been brought to
naught by the appreciation of gold
We have trebled in quantity of our
exports during the last twenty years,
but the total value of exports has in-
creased scarcely 20 per cent. The
decline in the prices received for
our exports has made it impossible
to meet our annual charges, much
less reduce the principal of the debt
and we have gone on adding mort-
gage to mortgage, and interest
charge to interest charge vainly at-
tempting to put off the inevitable,un-
til finally our individual promises to
pay arc no longer acceptable and
we can avert bankruptcy, even tem-
porarily, only by the pledge of our
national credit. We must stop sac-
raficing our property, or inevitable
ruin and virtual dependence on for-
eign money interests awaits us.
Our patriotism will be of no avail
to save us from dependence on
Great Britian, unless we throw off
the yoke to which we are blindly bend
ing our necks, cast aside the suicid-
al policies that we have accepted
from British money lenders who
have cajoled a great nation into a
a policy of adopting a policy that
sacrifices our material well being to
their own aggrandizement and pow-
er, and unite financial and industrial
with political independence.
In defense of our political inde-
pendence, in defense of the rights
of a kindred republic, we arise as
one man and bid defiance to Great
Brittain, we blindly tie our own
hands and strengthen her's by sub-
mitting the voluntary tribute. We
permit her to increase the burden of
interest charges on our foreign debt,
and fix the prices of our exports at
such a low figure as absorbs all the
profit of production.
A glance at our trade for the first
11 months of the present year, will
suffice of itself, and aside from any
demand for the payment of the prin-
cipal of our debt, to explain the ex-
portation of gold. For the eleven
months ending Nov. 30th, net ex-
ports of gold, less net imports of
ore amounted in the aggregate to
$565,510,452, and silver less net im-
ports of ore, to $27,149,865 or a
total of $83,660,317 that we have
sent abroad in eleven months.
During the same, period our importf
of merchandise exceeded exports by
$7,148,033, so that the total balance
in our favor appears to be only $76,-
512,284, which, as a matter of fact
is more than it really is, for ad val-
orem duties put a temptation on the
undervaluation of imports. For the
same period, expenses of Americans
traveling and living abroad probably
required the remittance of an equiv-
alent sum, which leaves interest
charges and freights due foreign
shippers to the amount of not less
than $200,000,000, entirely unpro-
vided for, and calling for settlement.
No wonder gold goes!
The idea seems to be prevalent that
our foreign debt has been materially
reduced since the Barring failure in
November, i8<)0, by the return of
our securities. But nothing of the
kind has taken place, as can be read-
ily shown. During the five fiscal
years 1891-1895 exports of merchan-
dise have exceeded imports by #497-
416,722, net exports of gold have
amounted to $192,745,814, and of
silver to $62,824,135 or a total bal-
ance in our favor and available for
payment of our indebtedness of
$752,886,671. But obviously this
sum was "not available for a reduc-
tion of the principal of our foreign
debt. During the same period the
value of our imports carried in for-
eign bottoms was $3,114,000,000, on
which freights due foreign shippers
could not have been less than 8 per
cent, or $249,120,000. For the same
period American vessels carried
nearly $367,000,000 worth of exports
on account of which they would
have earned if they received freights
equivalent to 12 per cent of the val-
ue of the cargoes $43,990,000, thus
leaving an adverse balance due for-
eign shippers of $205,130,000 for the
five years. Add to this, expenses of
Americans abroad, $75,000,000 a
year for five years of $375,000,000
and we have a total charge on ac-
count of current indebtedness and
aside from interest on the principal
of $580,130,000 which deducted from
the sum of $752,886,671 to our credit
for the same period, on account of
excess of merchandise and gold and
silver exports over imports, leaves
but $172,756,671 available for the
payment of interest, or less than $35,
000,000 a year, whereas interest
charges foot up on the average, to
probably not less than $175,000,000
per annum. Thus instead of de-
creasing our foreign indebtedness,
we increased it during the period by
probably not less than $140,000,000
per annum, or $700,000,000 for the
period. <
Since 1890 American bankers
have, it seems probable, become the
purchasers of considerable blocks
of American securities offered for
sale by foreigners, but payment has
been made by borrowing abroad.
Floating debt has taken the place of
debt represented by securities, and
here is the explanation of the Amer-
ican credits to an amount of £35,-
000.000 sterling or $175,000,000,
which Rothschild alone is reported
to have, and contemplates calling.
Our position is indeed critical.
And there is but one escape and
one remedy. Restore bimetallism
and raise the value of what we send
abroad in settlement of our debt.
TIME FOU THE TRUTH.
An Appeal Addressed to the
Daily New York World.
Editor, of the New York World:
Wendell Phillips is said to have
prophesied that "American bankers
would some day be hanged to lamp
posts in New York and Boston as
unceremoniously as horse thieves
had ever been hanged in Texas.
The World is doing something just
now to avert that catastrophy, and
might do a great deal more if it
would tell the whole truth on the
money question.
In 1865 Thaddeus Stevens de-
clared that "bankers and bullion-
ists" were scheming to '"double the
debt" of the civil war, and they did
it. In January 1878, Senator Voor-
hees said that "the demonetization
of silver was purposely accomplish-
Mil
i.
The I'roclucer.
The World Ruled in the Interest of Plutocracy.
/An Era Of Gumption and High
iseo.
Circulation of money, for each man
woman and child.
Circulation of money for each man,
I woman and child.
wav Robbery.
American Slaves are Too Ignor-
ant to ICt-xist.
$21 id,IKK),000
'POPULAR" "HOLD IT."
tt u %« ry 11 u tj . .. * ti > Cleveland borrowing
Hugh McCulloch, Secretary of the . ,
from hurope in tunc of peace; whent \
Treasury, in his report to Congress, In ; m cellU a l)U8he,t miiUons of workmen
1HH5, said: "The people are now com- idle; ami endless catalogue of delalca-
paratlvely free from debt. There is Hons, swindling*, arsons, murders and j
an immense volume of paper money In j su'cides, Property cries out for a
. . . , ; large utandin# armv; tho land concen-
circulation. rrade is carried on more' . . ,
trating to the hauds of the few; the
largely for cash than evet was the ease , V(J,.y „fu of the Republi(. in |>ern.
PaODUCKlt: I have just mortgaged
ray la*t piece of land; paid part of ray
debts, and that is what I have left!
(2o cents.) How will we live through
the winter—and the next winter ?|
Will we ti amp it or go to the poor The widely advertised anil much
house V I have worked hard, but the j u,ke(l of «popuiar loau" whjch our
money-lenders have got the fruits of
! labor.
prior to 1861."
Producers Golly! This is nice.
I am out of debt; have money on depos-
it; paid off the last mortgage yester-
day. Think I will take a trip to Eu-
rope next year. Wheat Sl.oO a bushel
and the whole world rushing here to
till up our demand for workmen.
God bless the Republican party.
Bonds Drawing Four Per Cent Will 3e Sold
When a Loan At Half That Rate Could
Be Placed—A Half Billion Dollars
In Bonds \\ hlch was Prom-
ised Certain to Be
Issued.
God d - n the
-Uepresentati ve.
I republican party.
Minn.
ed before the policy of specie re- newspapers." But the lime has
sumption was declared, in order to come for the truth. I.et the New
make money as scarce as possible in York World lead in telling it. In
reaching by forced contraction the case you have any doubt of home
single standard of gold." About talent for the work, I think 1 can
the same time John G. Carlisle . secure for you, without charge, the | States 4 per cent bond
Wall street money lords have dicta-
ted, is handled in a characteristic
and striking manner by Clark Ervin,
who presents the matter editorially,
as follows, in the Chicago Weekly
Sentinel:
Secretary Carlisle has issued a
call for a "popular loan" of $100,-
000,000 in exchange for United
s payable in
stigmatized the demonetization of services of the greatest living ex-
silver as "the most gigantic crime of perts of monetary science—men of
this or any other age." He des- both national and international rep-
cribed it as a "conspiracy," the con- utations, whose facts, figures, and
summation of which "would entail comprehensive informatioh, would
more misery upon the human race ; be worth thousands of dollars to
than all the wars, pestilence and any journal really standing for strict
famine that ever occurred in the honesty and the public welfare,
history of the world." 1 Against these men, if you please,
Nearly the whole financial legisla-1 y°u nay put the whole so-called
tion of this country during the last - Sound Money Club of your City,
thirty-three years has been a plot
against the masses of the people to
despoil them of their property.
The editor of the new York World,
with its vast sources of information,
cannot be ignorant of what has tak-
en place, what is now going 011, and
what may easily occur when seventy
millions of deceived, outraged and
betrayed people, shall become finan-
ally aroused to the realities of the
situation.
The gold raid upon the United
States Treasury is simply a new form
of brigandage and piracy. There is
no reason for it, no law for it and no
m^ral right in any way pertaining
to it. Robbers have procured the
election of certain members of their
band to public office, and these men
hand out the people's wealth to mal-
efactors who share the spoil.
I suppose the World knows there
is no law compelling a specific "re-
serve," much less a "gold reserve,"
for the redemption of greenbacks.
I suppose the World knows that the
greenbacks are not redeemable in
gold, but are redeemable in "coin,"
silver or gold coin at the ratio of 16
ounces of silver to one ounce of
gold. I suppose the World knows
that in the whole history of bimetal-
lism for thousands of years; a debt-
or, whether nation or individual, has
always had the option of paying a
creditor in the accessible metal; and
that this one and only way of
"maintaining the parity" had no ex-
ception on earth until the evil days
of John Sherman, Benjamin Harri-
son and Grover Cleveland. I sup-
pose the World knows there is no
exception now, in France, Germany
or anywhere else except in the one
country that has fallen into the
hands of corruptionists and traitors,
the United States of America.
The World must know that the
whole practice of paying govern-
ment obligations in gold is a fraud
—a monstrous . crime for which
Grover Cleveland would be im-
peached in a week, if the press
would give facts instead of false-
hoods to the American people.
About two millions of voters—the
derided Populists—understand the
matter. The rest of the people have
been kept ignorant and blind to it
by reading a«d trusting "the great
with the goldite professorsfland fra-
ternity of the entire globe.
I doubt, of course, that the World
will be permitted by its stockhold-
ers to do anything of the kind, or
will even publish this letter. The
letter, howevet will appear in a new
and powerful paper edited by a Sen-
ator of the United States, and may
be reproduced by a thousand un-
subsized "country papers." I trust
it will do some good as a test of the
New York World's real integrity
and patriotism, and in throwing one
more ray of light upon a subject,
that now involves the practical sal-
vation of all the Occidental nations
of mankind.
Respectfully,
Gordon Clark.
In Silver Knight.
lulian Erickson made a prophesy
shortly after Cleveland's inaugura-
tion and filed the same with the
Librarian of Congress. A look at
that document today reveals the
fact that everything he prophesied
so far as it relates to the present
administration has come true. He
prophesied that Cltveland would
disrupt the democratic party and
that in the elections this fall the
party would be retired to the black
woods of oblivion. That a new
party with new leaders having new
ideas would be elected this fall.
Erickson's forecast up to date has
been correct and the signs now
point very strongly to the correct-
ness of his forecast for the rest of
the year. Populists have every rea-
son to feel jubilant. Victory will
perch on their banners this fall if
everyone one of the 2,000,000 Popu-
list will but exert themselves. In
1846 one of our statesmen said that
we would have turbulous times dur-
ing the latter part of the nineteenth
century; but that in the dawn of the
20th century a flood of glory would
spread over this land. Verily the
sunbeams of a better civilization are
beginning to show on the Eastern
horizon. The people of this century
will hail with delight the dawning of
a better era.
It is estimated that the bond syn-
dicate will make about 11 million
dollars brokerage out of the present
bond deal. Is it any woeder they
clamor for m«re bonds.
thirty years from date of issue.
The bonds are to be issued in
"denominations of fifty dollars and
multiples of that sum."
That is why they call it a "popular
loan."
There is ( a measure pending in
Congress providing for another issue
of S 100,000,000 at 3 per cent, to
provide for coast defense and pro-
tect the Canadian frontier in case
of war with England.
This will no doubt go through al-
Tlie Secretary of the Treasury in-
timates, also, that another issue still
will be forthcoming. He says:
"Notice is hereby further given that
if the issue and sale of an additional
or different form of bond for the
maintenance of the gold reserve
shall be authorized by law before
the 5th day of February, 1896, seal-
ed proposals for the purchase of
such bonds will also be received at
the same time and place." etc.
This issue now ordered, the com-
ing issue provided for as above to
protect the gold reserve, and the is-
sue to prepare for possible war, will
make altogether $300,000,000. more
bonds.
Of course, no one can object to
putting this country on a war foot-
ing with England, Germany and
the Dutch South Africans donning
war paint.
Such objections would be "unpa-
triotic" doncher know.
And no "honest money" man can
seriously object to issuing bonds to
keep up the gold reserve. It would
injure the "credit of the govern-
ment," doncher know.
Windom, when Secretary of the
Treasury, proposed to float a two
per cent bond; Congress proposes to
put them out at three per cent; but
Cleveland and Carlisle insist that
the government shall pay four per
cent.
Why?
It's a "popular loan," don't you
see?
Anybody, especially the dear 'peo-
pie," can go down into their old
stockings or tin cans hid away in
old closets for fear the banks would
break, fish out anywhere from fifty
to a million dollars in gold and
"come to the rescue of the country"
with timely aid.
And in order that the dear "peo-
ple" might make no delay in com-
ing to the front with their surplus
gold an extra one per cent was plac-
ed in the bond issue as an induce-
ment.
Remember, it's a "popular loan,"
So make haste—you mortgaged-
curstd farmers, you striking ihers,
you out-of-work laborers, yom bread
and Littler hustlers generally—out
with your hoarded gold and make
j bloated bondholders of yourselves
I to "protect the gold reserve" and
| keep those blood-thirsty Canadians
from desolating your firesides.
Don't forget; "it's a popular loan"
made for the benefit of the people,
and you should not fail to avail
yourselves of it.
Seriously, we doubt if there is half
a million dollars in gold outside the
banks fn all the United States.
The so-called "popular loan" is a
bankers loan.
I he extra one per cent above
what the bonds could be floated for
is a direct steal made by Cleveland
and Carlisle in the interest of bank-
ers and in their own interest.
Some years ago a superintendent
of a public institution in Chicago
paid twelve dollars for a bedstead
which he could have bought for
seven; paid eight dollars for a ton
of coal which hemignt have bought
for six. That is, the bills were re-
ceipted for such amounts.
The superintendent was bounced
and barely escaped states prison.
What shall be done with the high-
lest officials of the land who issue
Sioo,ooo,ooo in bonds drawing foui
per cent when they could have easi-
ly been disposed of if drawing but
three per cent?
One thing must be done.
The whole banking combine must
be squarely met and put down—got
rid of entirely—by the people.
Then we will have no more need
of bonds and (."popular loans."
—Chicago Express.
Ilarts I>eliglit.
We are having the tine weather
for breaking sod in this yiicmity and
the farmers are hard at work.
We have a line season in the ground
weather lino and plenty of feed for
slock.
Mr. Sam Tarpley moved out ol our
neighborhood the past week.
Mr. Hensey Dutzire was seen conning
home the other day with a mule and
n9w plow.
The free grass talk is all the go now
and free grass is just what we need in
the timber.
Mr..). T. McClain and Wm. Morgan,
was ovar on a visit the other day.
f have not attended the spelling
school vet and cannot say how it is
progressing, but suppose it ie doing
well for Harts Delight naver makes a
failure.
Owing to the bad weather lt#v. Boyle
did not get over to preach for us the
first Sunday.
Prof. Warn Is doing good work in his
school at this plac*.
Miss Tilley Jackson Is giving good
satisfaction with the school at Harts
Content.
The people in the Pott Country is
not going to grow up in ignorance for
the lack of good teachers.
Mr. J. L. Wilcox has moved over
near Lexington.
Miss Era jMiles is visiting in our
neighborhood this week. She was one
of the early school teachers in this
part of the county.
We would just say to the evangelist
that wants to go to Mr. Young's that
from Mr. Everett's the road goes near-
ly due north and the road going to tho
widow's is straight west so be careful
that you don't get lost.
Marriages. Mr. Kube Smith to
Miss Crindy Lenard: Mr. Jim Mattox
to Miss Hatlie White; Mr. J. W. Holt
to Miss Bertha Downs.
The debate last Saturday night was
decided in favor of the negative. The
question will be dfcscussed again at 12
Corners.
Royal Bumhs.
Ed. "Royal Bumps'' our correspond
entat Harts Delight wishes tbe girls tc
remember that is "leap year', and h«
hopes that they will not think him ai
bashful as he seems. A proposal would
not stagger him in the least.
Notice to Teachers.
The next regular teacher's examina-
tion will b hdld at the court house in
Norman. JanMary 24th and 25th. Those
intending to pass the examination will
please call at my office at 9 o'clock
promptly on the morning of the 24th.
L. J. Peterson,
County Superintendent
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Allan, John S. The Peoples Voice. (Norman, Okla.), Vol. 4, No. 25, Ed. 1 Friday, January 17, 1896, newspaper, January 17, 1896; Norman, Oklahoma Territory. (https://gateway.okhistory.org/ark:/67531/metadc116803/m1/1/: accessed March 29, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.