The Battalion. (College Station, Tex.) 1893-current, May 01, 1899, Image 21
THE BATTALION. 13 bill, Rockerfellow, and others, will invest their g-old in foreign bullion and thereby double their money at every investment. The silver bullion of Europe alone would be sufficient to drive out all our gold, which would be done in a marvelous short time, and then, like China and Mexico, our money is worth only 50 per cent, of what it formerly was, and who is benefited by it? All debts are immediate ly scaled one-half. Eor example, if I borrow $10,000 from you, and, after I have received the benefit of this money, have a law passed that will depreciated the value of our money 50 per cent., I would rob and steal from you an amount of $5,000, and worse than that, I would be a thief that could not be touched by law. In the savings banks of the United States there are 4,777,000 depositors. The amount of money deposited is $1,747,000,000. Pass the free and unlimited coinage of silver act and you scale that indebtedness one-half, and thus affect nearly 5,000,000 of our people. The building and loan associations of this country owe their members $450,000,000. Pass the free coinage measure, and you re duce it one-half. The life insurance of this country out standing January 1, 1899 was $618,000,000, scale that one- half and you leavedesolate widows with their orphan child ren. The bonded debt of the railways of the United States is $6,000,000,000. If you introduce the free coinage of silver you enable those railroads to pay that amount with the equivalent of $3,000,000,000. Who is benefited by the free coinage of silver? It is evidently the debtor class. Is the debtor class the poorer class? According to the above numbers, the debtor class