The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1885-10-08

G finds it takes him equal to seven days
To make barrel of -four, therefore ne
sells his -four for seven dollars per barrel,
aud so on. But as time progresses eari.
GUS other elements enter the calculation
of prices. A short crop makes high
prices, while an abundant crop makes
low prices of the particular articles
affected. 1t is all regulated, however, by
the gold dollar standard, and is based on
labor. Now, if the gold of which the
dollar is made becomes abundant, so that
one days labor will acquire equal to two
dollars instead of one dollar under the
supposed conditions of crop values, corn
would become worth one dollar per
bushel, and -four fourteen dollars per
barrel. These fluctuations in the worth
of the unit of valae afford dangerous
opportunities to spectators, q | invari-
ably prove damaging to the masses of
the people of a country. There is not
so much difficulty about fluctuations in
foreign exchange as in the change in
value of our own standard. In an age
of commerce like ours, constrained
difference in exchange between two
countries cannot be maintained. Our
currency will always be received by
friendly powers having dealings with US,
according to its actual value as compared
with the actual value of their currency.
If ours becomes of less actual value, it
will be discounted in proportion; while
if theirs becomes of less actual value
ours will command corresponding pre-.
MUM. What we need is uniformity.
It is of little consequence what The
initial value is, soilong as when it is
once established tits firmly maintained.
This is the most solemn duty of govern.
ment. It should keep its currency uni.
form in value. II it's selected medium
becomes too abundant and loses in value,
the government should call it in and
exchange an honest unit in its stead.
The loss should no. fall on the people
who received.it on the faith Of the gov
ernment's standard.
When the government he's two metals
as the basis of its currency, and finds that
one of those metals is becoming SO
abundant as to lower the value of the
nations currency, as the present silver
dollar, is apparently doing, itshou!d cease
the coinage of'that currency, and take
such measures as may be necessary to
protect its citizens from loss by maintain.
ing base currency. Col. Trenholm has
evidently been Incorrectly reported in
his speech in Saratoga, but he was doubt
less urging the necessity for the cessation
of the enforced coinage of silver. We
favor the cessation of this enforced silver
coinage, because we believe its tendency
is to injure the commerce and credit of
our country. But ne think. whatever
legislation is had on the subject should
protect the present silver dollar. 1t is
the. governments dollar, and has been
accepted on the faith of the government,
so that any legislation touching it should
protect its holders. If it il not worth
one hundred cents on the dollar, the
government is in honor bound to redeem
it with dollar which is worth that much.
In legislating on tho subject the govotn.
ment should provide for its redemption
at once, because any other course would
force the silver dollar ut u discount into
the hands of speculators, aud subsequent
redemption would only promote job for
speculators. We want q steady and uni
form currency, and whenever any change
is made in it's volume of character, we
want it made in such way as to secure
the people from imposition and loss at
the very. beginning.