The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-10-14
LET THE SOUTH BEWARE.


faction that the journals Of Texas arc
nlignlng Themselves with our c>ogres-
slonal delegation IN the master OF tne
silvor coinage. Our people all through
the South are beginning understand
that tho policy Of the golditos OF Wall
street is not only not in tho interest of
this section of the country but Is d.
reotly sutagontstic TO it. Lst the
United States bo put on an exclusive
gold basis, and the bullionaires of the
East aud North will hold tho
financial fate of thu entire coun
try within tho hollow OF tholr
itching hauds; AID, ~ aouisd eower
in cold, selfish, grsaplng, IL viii ba bug
a question OF little tlms whsn tina moat
dir9ful results will follow TO widoa vet
more the great gulf thas slfsady spans
tho distspo, bgtgeea tho m sasos OF the
poorer classes aud tho privileged iex.
Lot the general government bs com.
PEELED 70 ators the coin aud buIion OF
It's citizens. r. Is ita duty to do this.
We cannot have too much hard cash
as a basis on which TO do business. The
government certificates, nominstsd In
dollars, exchsngeablo OF Will for
deposits of such coin, is tho most
convenient, tho best, aud the safest
currency imaginable. A. for the
quantity of actual silver coin required
for the peoples exchange, that viii
regulate itself under tho above PROMO
sition.
But some OF our good cItixens are
borrowing trouble from tho a.tem pted
fright that selfish bankers arc continu-
ally pressing upon Thorn. We arc
told that in u little while the white
dollar will depreciEto 80 much on &C
count OF Its alloy aud its excess in tho
markets that it will not DO wanted.
Let not this scare.crow influence any
Rejecting mau. Tnas silver dollar
today brings a. much aa god dol
lar, This is fast thst stands up In
the faces of all OF us to reiute a CON j..
trary assertion, or TO repel collateral
theory FOR the future. In tho year 1900,
b. O., the value Of gold TO silver was
ls'O2 to i. In the year $40, d. G., it
stood at the same identical ratio. Ia
The reign OF the EMPEROR AUGUSTUS,
when Rome was flooded wish gold aud
silver, the ratio had come TO 10 40 |
1t continued at this, aud L. TO /, all
through the Middle Ages. From 1902
to 1900, A. d., about 50, Ooo, 100000 OF s,l-
ver and $ l,oOO0O0COO Of gold vero
raised by the adventurers aud others
who came TO this country. Surely
here would have seemed tho period
whom q mighty change would hayo
boon Witnessed, Aud yet what was
the fact? The ratio ragged ouly from
IL to ], to 10 to L. The discovery of
gold IN California in 1917, oi gold in
Austria Ia In 1882, tho production By
Russia Ia the so years from 1900, made
u totil increase 30 the stock of $500
ooa,OOo. And yet what was the cifoct?
Practically noue whatever. Agaiu: Ia
1000 tue value OF silver to gold was,
Therefore, as Il to /; In 1890, 10 TO and
io'1 To l, aud there, asa pivotal point,
u aAs ranged with but slight ysria-
tions, Aud this relative figure can be-
relied on for the years to come.
Ia France to-day, with 10, OOO, 900 pop
ulssion, there Is three ani half limos
"a much silver coin circulating among
ner people as We have, aud yet thoy
mover experience nor apprehend any
uepreclatlon. No,the working classes of
th's country are too much In debt and
nave TOO many mouths 90 food, 60 NJ.
ford 10 douhie thess debts aud olm,n-
irh by onn-half tho cash value OF thar
properties, merely 10 still further an.
rich a halt million OF msn who hold
tho mortgages, notos aud obl,r ,tious I,
Adopt the purely gold stsndard,
as now urged by those million.
aires aud bondholders, and this
couDtry will witnoss cslaml,oua car.
ner by n combination Of capitalists. in
q well.planned aud thoroughly or.
ganised campaign, that will spread
wider and deeper disaster, than over
came about through boards Of trade,
produce exchanges or even stock
boards Of pure spectators. Stop the
eolnAxs Of silver lnausurass mono
.csellssas av6 ~ Epld bues Il Wall
, !: - : syaa'ss's'