The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1885-10-15
LET THE SOUTH BEWARE.

LET The SOUTH BEWARE.
We obHarve with grosL doAl Of salts
faction th,t tho jcurna', Of Texas arr
aiigning themselves VI. % Our congress
sionrl delegation IN tie 10 after OF the
sllvor coinage. Clr people all through
tho South are be- inning 10 understand
that the policy OF tho gsldltes OF w al
strost Is not only not la tho iate-ost oil
this section OF the country but Is d.
reetly Rntsgonls 10 ". Lo. the
United States b. nut on au exclusive
gold basis, and The bullionalros Of The
East aud North Will hold the
financial fats of tho ontiro c1IH
try within tho hollow OF thelr
itching hands; ard, as monied power
Is cold, selfish, Rrasping, it will ba nut
aquestion OF little tims When tho most
dirosul results viii follow to widen yot
moro the great gulf that already spans
the distance bstween tho IN asses of the
poorer classes and the privileged few.
LIST tho general governn be COM
pol;ed TO store the coin aud bullion OF
! It's cilizens. 1t Is its dugy 70 DO this.
We cannot have too much hard cash
as q basis ON which 20 do business. Tho
government certificates, nominated In
dollars, cxchaugaable n. will for
deposits of such co.u. i' no most
convenient, tho best, aad Tie SAFEST
currency imagin abe. As fos tho
quantity OF actual silver coin required
for the peoples exchange, that win
regulate itself undor tho above proq0-
sition.
But soma OF our good cltiEous are
borrowing trouble from tho attemp tsd
fright that selfish Bankers are continu-
ally pressing upon thom. We are
told that IN u little viii o the white
dollar will depreclsts so rauch on &C.
count OF It's alloy and it's excess In the
markets that it will not be wanted.
Let not this scare-crow influence auy
rs1octing man. Thai silver dollar
to-day brings as much as a gold dol
lar. This il fact that stands up ia
the faces of oil OF US to refute con-
trary assertion, or TO rspel acoilaterai
theory for the future. In the year 1900,
B. c., the value of gold to silver was
1902 to I. In the year 500, b. c., it
stood az the same identical ratio. In
tho reign of the EMPEROR AUGUSTUS,
when Rome was flooded with gold and
silver, the ratio had come to 10 10 l.
It continued at this, and IL TO l, ali
through the Middle Ages. From 1892
to 1900, A. D., about So. 900, 100000 Of sill
yer and $ l000.0OO,0OO Of gold we're
raised by tho adventurers and others
who came 90 his country. Surely
here would hsv seemed the period
when q mig ,a1ge would have
bsen witness, sd yet what was
the fact? TITO ,nged only from
IL to !, to Il - l. The discovery Of
goldin Cali.1tns in 1S47, of gold in
Australia in 1852, the production by
Russia in the so years from 1900, made
total increase to the stock Of $780,
100000. And yet what was the effect?
Practically noue whatever Again: In
1900 the value of silver to gold was.
therefore, as IL to 1; in 1900, Is to and
15% to /, aud there, as pivotal point,
it mas ranged with but slight yaria-
tons. And this relative figure can be
relied on for the years to come.
In France to-day, with 100000 pop
ulstion, there is three and half times
as much silver coin circulating among
her people as we have, and yet they
never experience nor apprehend any
depreciation. No, the working classes of
this country are too much In debt and
have too many mouths TO feed, to a.
ford to double these debts and dimin-
ish by one-half the cash value of their
properties, merely to still further en-
rich half million OF men who hold
tho mortgages, notes and obiig atoms
Adopt the purely gold standard,
as now urged by those million
aires and bondholders, and this
country will witness calamitous cor
ner by combination of capitalists, in
a well-planned and thoroughly or
ganized campaign, that will spread
wider and deeper disasters than ever
came about through boards Of trade,
produce exchanges or even stock
boards of pure Spectators. Stop the
coinage of silver, inaugurate mono
metalism, and the gold bugs of Wall
street, with their ramified syndicstes
holding ingeniously secured, trap-en-
ticing pledges for future delivery OF
gold, are masters of the situation. Let
the country and the South beware.
When that "corner'' trap shall
be sprung If the debtor
have not the wherewithal, and can not
borrow 1t in the general scarcity ofthe
monometallic legal tender, with the
banks closed down, alas for his lands
his stores, his merchandise, his ma
chinery, his homestead. Concert OF
action is preparing. Look out for that
terrible engine that brushes all IN its
way, cod as ice, remorseless az death
the grip of the selfish money power
that holds its seat and frames its
Vaccinations and issues its DEGREES
from climate that corresponds In
temperature to the calculation that
freezes every pulsation OF the better
portion of the human heart.
- L.