The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1885-12-05
DISTINCTIONS. ARE Fatal, TO b.
METAL CUhRENCI.


903, 1885,. aud territory Of 204 $50
square miles, 1850 square miles less
than Texas, has $500, 900, 900 in silver
money, and S874,876.000 in gold,
while this naticn, with a population
or more than $50, 900, 900 and terri
tory of 1925 504 squareI niles, has
only s200,000,000 in silver coin aud
1858, 076, 743 in gold. France with
less populationand 2,822,474 square
miles less land than this country, has
triple itsquantity Of silver ccin, and
ald Sill, 8O0,257 more specie than
this nation. That this quantity Of
gold and silver has been the main sus.
tanning feature in French economy, is
that aside from this we cannot salts
factorily account for its quick recover
les from great reverses which have
been the OCCASION of especial remark.
Spain, with population of 19,OOO,-
600, and 1875, 607 square miles of ter
ritory, a little less than France, has
only $3.50, 900, 600 in gold, AID S70,>
000,000 in silver, with corresponding,
com parativeIy small progress aud pres
tige. Compare the possessions of gold
and silver, or money of the different
nations. their areas, and their re-
sources, with their achievements and
developments, and you will find that
the quantity Of coin or money pos
sessed by them has much to do in
forming the differences in their condi-
tons as to proves, and the varied
affiliations that make up advanced
nationality. We do not say that coin
or money alone accomplishes these
ends, but we do say that these cannot
be accomplished without it. Gold
and silver being the money of the con
stitution, which says Congress shall
have power to coin money" there
being no money virtually, but what is
coined, and money being an indispeh-
sible means to developments. and de,
velopments being the nations wealth
in enlargements of employments Of
labor, the need of the age, Gt being
evidentsthat less money means less de.
velopments, less employmentS, dearer
money, cheaper labor, cheaper pro-
ducts), the mission of this govern
ment framedby and for the people,
will be met and only met, when
it throws to the winds distinctions
between persons and coins, and pro-
portions its coinage and legislation to
needed eselopm ents. Two men Of
equal merit 60 to new country; one
takes large sum Of money, the other
takes very little money. The Que
with much money is enabled to fell to
effect the inviting forest, build houses,
plowand till the ground, and of course
thus enabled performs much greater
work for civilization than the other.
Then, as to what amount nations
com should De lucreaseu, or whether
increased at all must be governed by
Transporting necessities. In young
nation like this, possessing unequaled
possibilities, and therefore unequaled
necessities for coin means to utilzations
i'll its vaslesns of territory, with its
various climates, soils, mines and in>
Vulnerable adaptations-in a young
nation of these surprising capabilities,
and their needed developments, stop>
page of coinage, the means thereto,
would certainly be the burying CT the
talents. An open declaration, as |
conceive, on the part of the govern.
ment, that instead of favoring an in>
crease of employment of labor, the
only source Of national wealth and
general prosperity, it opposes this
by stopping an Indispensable means
thereto. Two men in this country, l
Relieve, profess to be worth together
about three hundred million dollars
about one hundred million dollars
more than this nation possesses in sill
yer coin. We remark. the Only argu
ment for the stoppage of silver coinage
that we have seen, if argument at all,
is because of its depreciation. Ac>
cording to this position, all our indus.
tries, except favored or protected iu-
dustries, shouldbo stopped, because
they, Disseminated against have
likewise deprecated in value and re-
pute-capital, induced by such de,
precautions. to withdraw from
agricultural emplOyments, and invest
~ the favored ones. This, if argu.
1ment, logic in the one case, it is in the
other. Silver money being worth
more than gold as shown by statistics,
when this discrimination commenced
by act of an unfriendly treasury de.
partment to the cause of silver, and
there being no complaint of its depre-
Citations anterior to this during our