The patron of husbandry. (Columbus, Miss.) 1875-1883, 1879-06-07
GOLD AND SILVER.

Price, Radical from Iowa, said there are
100000, 600 of people in the world that use
gold exc Slusively; 137,ooo,ooo that use gold
and silver; and 76S, ,ooo, 900 that use silver
only. Now I wish to ask what countries
use gold alone, what countries use gold
and silver, and what countries use silver
alone? When was silver demonetized in
England, Germany and other Continental
countries? What is the condition of the
laboring classes in the countries where
these mediums circulate among the peo-
pie, viz: gold gold and silver, and silver?
= | enclose ST. 50 for THE PAfRoN-
: Yours, w. H. PERSON.
- Covington, Tenn, May "a. - 1rea#
We give the names of the leading coun-
tries Of the world, and the currency of
each: ~ EoT9 sea W13 a-a-lto1H {
= Nations using silver alone: -tl @
d Russia, Austria, Central America, Ecuador,
China, India Mexico, Peru, United States of Co
lombia, Tripoli. Tunis, Holland, Venezuela
Egypt, Japan. Total population, 81 100000.
Nations using gold and silver: a. f.-.-t
q Belgium, Bolivia France, Greece Italy, Spain
Switzerland, United States Total population
I35,5oo,ooo. fiag H3} 9Et % a.H ia .lfa
Nations using gold alone: ~ t5.Do9
Great Britain, Canada, Australia, Portugal
Turkey Europe and Asia,) Persia; Brazil, Ar
gentine Republic, German Empire, Sweden
Norway, Denmark, Chill. Total population,
I39,45o,ooo.. b. aeaa .a# @tatJ p 500 q
i Silver was demonetized in Great Bri-
tain over fifty years ago, but is a legal
tender to the amount of five dollars. 1t
was demonetized in Germany in 1872.
4a The oemonetization of silver has always
been effected by the money power the
bankers, merchants, etc.-for the purpose
of enhancing the purchasing power of
money, the inevitable result of the con-
traction of the volume of the currency, and
lowering the price of labor. The contrac-
ton of the currency of country is always
ruinous to the toiling masses, whether on
the farm or in the workshop. In England
and Germany, their situation at this time
rs simply appalling. In this country, the
effects of the demonetization of silver are
seen and felt on every hand, and if the
silver bill now before Congress fails tc
become a law, the depression will con.
tinue to increase.
In Canada, the distress is SO great, that
a formidable movement has been organ
lied by the people to compel the Govern.
ment to adopt a paper currency similar tc
that advocated by the Greenbackers ir
this country. -, .t.x = siHf .uaL
+ In France, where the double standard
prevails, the laboring classes are prosper
Gus and contented. That nation paid of
its immense war debt to Germany by
adopting a financial policy, the very re
verse of that adoptedin in this country sine,
the war, which revived and built up he
industrial interests. The financial depart
ment of the French government was il
the hands of patriots and statesmen, wh'
believed that the losses of the war coult
be most surely replaced and prosperit.
restored by financial system that woul'
! encourage her people to engage in indus
I. trial pursuits, and this was done by
large expansion of the paper currency
Had a similar policy been adopted in thi
country at the close of the war, the publ
i debt could have been paid off, ever
branch of trade and industry would hav
prospered, and the great army of tramp
now roaming over the country never ha
an existence 1f.,. ..