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The Creditor Class

The Creditor Class image
Parent Issue
Day
26
Month
April
Year
1895
Copyright
Public Domain
OCR Text

We hear a great deal in these days about the creditor class and about its desire - which is natural enough - to get its just dues in the best rooney that is going, which is gold. The reflection is seldom made as to who in reality compose the creditor class in this country. It is usually said to comprise the bondholders, the millionaires, the large capitalists and the great merchants, who have their money employed in a thousantl adventures, and not only their jnoney but their credit also. But these do not constitute the true creditor class. The real creditor class, which should always demand the best money that is possible to be obtained, and with which can be bought the largest supply for its wants, consists of the people who work for wages. Day by day they become creditors, and day by day . more and more money is due them. i Whether they are paid weekly or ] monthly or quarterly, pay day is no ] ooner past than they again become 1 creditors, and again have to trust ' their employers until pay day comes round again. They are the men and c women who labor on the streets, in the shops, in the counting rooms and in the offices throughout the country everywhere. They are those who receive a fixed stipend for a term of service, be it short or long. These are the persons who are interested, above all others, in the best money and in honest money; in the dollar that will be as good abroad as it is at home, and is as available next year as it is today. They are the last persons who should prefer a fïfty-cent dollar to one worth a hundred cents. - Times-Herald. The large increase in the business of the post-office department during the month of March, over that of the same month of 1894, is indicative of returning prosperity. Another and more accurate indicator, perhaps, of the rising tide of business improvement is the increase of wages all along the line. For instance, the Cardington woolen milis of Chester, Pennsylvania, have increased wages 5 per cent; Thoma Dolan & Co., Philadelphia, 15 pers cent; Stevens & Sons, of New Hampshire, ie; percent; the Globe iron works, of Cleveland, 15 per cent; H. C. Frick & Co., the coke producers of Western Pennsylvania, 15 per cent. The cotton and silk industries have likewise increased wages from 10 to 15 per cent. At the same time wages are advancing, prices of nearly everything one has to buy are lower, thus giving to labor a doublé advantage. These are some of the legitímate fruits of the Wilson tariff, the republican calamity howlers to the contrary notwithstanding. And time is sure to make its advantages, as all of its provisions become operative, still more apparent. The great democratie daily, the Times-Herald, of Chicago, since the death of Mr. Scott, its principal owner, has passed under the control of Mr. Kohlsaat, and has been made an alleged independent paper in politics, but an advocate of so-called "protection to American industries." The result will be, no doubt, the establishment of a new democratie daily in the windy city at once. In fact it is already on the tapis. Whether there is need ■ in Chicago for such a paper as Mr. Kóhtsaat promises to make he Times-Herald, that is, another republican paper, remains to be seen. If under tne new colors and the competition it will have on that side of the political fence, it maintains the position gained for it through the genius of James V. Scott, it will have demonstrated its fitness to live under its new code of principies. Ex-President Harrison evidently has one firni conviction on the silver question, namely, that 'speech is silver and silence gold. Not all the coaxing he has been subjected to has brought an expression of opinión from him on any subject more momentous than the state of the

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Subjects
Ann Arbor Argus
Old News