The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1879-04-11
TIE PRONYLNT.

S''o'oN'uiy thC tiuiSo, hiitii'iul
Is, are hard, aud business general,
has been greatly depressed, ye
after all,tines are not really so hare
as a great many people imagine
For several years past the people
have been crying hard times,
until at last they have come to be
lieve that they are worse off THAI
they really are. Specie resumption
by the government and contraction
of the currency necessarily pro
duced a stringency in the money
market, yet it were far better tt
suffer this, the lesser of two evils
than to have the country flooded
with an unredeemable and u~nrelia.
bic currency, producing a CORES
ponding unsettled state Of affairs
high prices and high wages. Re
sumption by the government has
induced resumption by the people
Scarcity of paper money has
brought forth silver and gold from
countless hiding places, and econo.
my and natural prices as fixed by
gold and silver and not by engrav.
ers and printing presses, beget
honest practices and honest dealing.
Whenever paper money abounds
knavery and frauds are componly
practiced, and honest money begets
honest trading and honest people.
Habits of extravaganza spring
from extravagant prices, and val
ues as wrought by paper money,
and each aye Of paper is an age Of
fraad aid thieving. olong paper
money is the only currepoy just 81
long will the country at large DC
burdened with high prices, extrav'
aeant ideas, dishonesty and debt,
When a doliar becomes one hup<
dred cepss, a hundred cents will
nurcbase a dollars worth, and when
a man earns a dollar he knows he
will receive hundred cents for his
labor, therefore confidence is re
stored, prices come down to a solid
basis, and business moves easy,
and is done in an honest and relia-
bic manner. y paper currency
criminally blunts the popular moral
sense of right and wrong, and
w~hitewashes knayery in courts,
society and newspapers, and a thief
is still an accepted gentleman, if
his depredations, called defalca-
are of sufficient amount to
his thorough training in a
rec school and fine society.
When the nation comes down to
6 hard PAM" which is now the
case, gold rooms infested by gam
spectators, born of paper
called money, are closed
the knavish gambling opera.
ions of its ,habitaes are at an end,
nd if contraction has done infinite
vii and burst millions of financial
aper-swOllen bubbles called mer.
hants and banks-until mercan.
lie, specializing b%ankrupts ont
lumber those that are solvent one
undred to one, contraction and
Decle resumption can do no more
t this evil. 1t has accomplished ,
s perfect work. The age of paper !
nd swindling and Of kiting cred /
S are no more, and like the age of
on gives place to the golden age.
here is music in its voice that ellis t
honest, commercial prosperity
most millennial in its moral {
There is, too, a resistless
gic in it's reasoning which no i
rec of appeals to greed for "fat" |
per can OveTwhelm or silence. t
" =
have suffered greatly in com \
g down to the confession of pov.
ty rs measured by the solidriches C
gold and silver, and would take t
step backward. Greenbackism, "
eretore, save to the extent that G
purposes affecting the volume [
the currency is required, has Il
It its prestige and power, and it c.
re bootless for the n. e. b. party a
attempt to gull the people by its p
,tended theories of saving the fl
ton. X