The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1886-01-20
Forthe EERALD AND NEWS.
CONGRESS AND THE SILL
YER QUESTION.

0OMJh ESS AN y n = Dill
YER QUESTION.
I.
cannot but feel a certain humilia
ton, as q SoutherneT, in seeing so
many Southern Senators rise in sheir
seats in the Senate and defend q
policy that Violstes all the rules of
sound financial legislation, OF ordi-
nary common sense, and, as ] am
= convinced, of the best interest Of the
a entire country, but more especially
81 Of the South.-all OF which shall en-.
deayor to show. But will first
notice afew of the arguments of these
Southern Senators as they have been
given in the papers.
Senator Pugh, of Alabama, asks
the question, "why silver is opposed
by the national banks, and answers
himself. '.because silver is the only
medium of our currency which
they cannot control" sStop the
paper coinage of silver he says, sand
forbid these banks will become abso-
raoroi lute monarchs of all they survey
ss But he failed to inform Us what there
arss@ lin the s22a.000,000 eighty-cent sill
Epon yer dollars to prevent the banks from
are p controlling ie as well as they can the
ated over $600,000,000 gold coin and bul.
1900, lion, and S346. 100000 legal tender
notes. If they can control, as Mr..
snon Pugh says, so much greater amount
-epe Of gold dollars of full value and of
that greenbaeks Of full value with gold,
sos Why can they not control so much
$ 5nagl Ter amount of deprecated silver
g eney? The fact is, this beautiful
oI elorical question and answer is
Clnfmparti@ nonsense and demagogism.
. ,BtgreatShe moro reasonable answer to his
we de nawsstior. es it seems to me, is that
national banks know that silver
2 : is variable and dangerous currency
ten and oppose it on that account. Mr..
are PHgh expresses the conviction that
ed tbree-fourths the people of the South
if allowed an opportunity of voting
on the subject, would vote against
Z the suspension of silver coinage. I
a am very well aware that the general
nc public at the South is not over-well
!, informed as to the laws governing
finance trade and sound political
economy IN general, and no wonder,
Wish such teachers as many Of our
Southern CoDgressmen are proving
to be. But decline to believe that
three fourths Of our people are so Ig-
noraEt as to prefer an so cent silver
dollar to q 100 cent gold dollar At
any rate our bankers and merchants
and business men generally, who
{lsai <,all arl
such questions, have clearly shown
By The action of their representatives
ia the commercial convention at At
lanta, through their chambers of
commerce, and by their petition to
Che President from South, Carolina,
at least that they do not favor the
continued coinage Of a deprecated
currency.
Besides, we are informed that five
out of seven of our South Carolina
Representatives in the House will
favor suspension, and private letter
from one of them few days ago says
that our delegation will be more
united against silver than any other
Southern delegation. This is some
thing for as, as South Carolinians, to
be proud of, and am of opinion that
the friends of honest money ought to
slow their appreciation of the
course of their representatives by
getting up petitions to them from all
parts of the State It would be en-
conraging TO them to see that they
have the approval of their most in
telligent constituents, and would
~ gscto
that we are informed some of them
have.
Senator Vance, of North Carolina,
has discovered an enormous con-
spiraey of capitalists, not only in the
United States. but Of Europe as we'll,
TO pat down silver-the poor mans
money. But he fails to give US any
evidence of this conspiracy. beyond
the fact that those WHO are best ac-
Guainted with souEd fiaanciering are
generally opposed to silver as an u.s.
stable, unsound and dishonest cur
reney. Does he rather not mistake
the locationof the conspiracy? May
It not rather be conspiracy Of the
few silver aaiAionGiTes of Colorado
and Nevada to continue the sale of
SZS,000,600 worth OF silver ore to the
government per anaum2 We have
the ominous Information that the
headquarters of these 'silYer kings
has been transferred from Denver to
Washington, where one of them is to
build modest little dwelling for
S1.000,000 Does it not occur to our
innocent ana unsophisticated South
ern Senators that these men haze at
least as much interest in forming a
conspiracy to continue the coinage of
silver, as have the old and trained
financiers of the old and new world
TO insist on sound and homes. cur
reney? And does it not occur to
them that the transfer of their head
quarters to Washington at this time
is . strong evidence, both of such
conspiracy andof the means intended
TO be employed to accomplish their
purposes. Strange stories were told
fsf the m, ao >, q s,-,,,,lIrad 4o r,at tbSa