Southern standard. (McMinnville, Tenn.) 1879-current, 1890-04-19

~ ~ - IFF-f~- TT-~-~r-N
versal activity, bringing In Its train
all the blessings that belong to con-
stantly employed, industrious and In
telligent people" nisy..I.as.o
/ do not, however, agree with him
that the land owners Of the United
States, the sovereign people who own
and support the Government, should
be left to become borrowers at the
door of the Treasury on their mort
gagged homes at one.half or one-quar-
ter of their assessed value, or at any
other appraisement. do not agree
with him that such system would
in the long run bring any relief at all.
The owners of the soil stand on high
er, safer, and more dignified ground.
The Constitution of the United States
confers the power on Congress to Gre
ate and issue all the money needed
for the relief of the people; and for
the value, the integrity, the good
faith, and,the final redemption OF this
money all the lands between the two
oceans, all the homes on the farms or
in the cities, all the wealth of mpnop-
oily and corporations, all the credit,
resources, and honor of the Govern
ment itself stand pledged, and will
stand pledged forever. 5i1i 1ii.Di f.
Let Congress, on such a pledge,
such mortgage. furnish to the la
boring masses and the active business
interests Of the countryian amount of
currency in proportion to population
and trade, and every active industry
will be stimulated, prices for agri-
cultural produce will become remu.
lucrative, mortgages will be paid off,
old debts will be wiped out, wages
will increase to a fair exchange for
work in the shops and in the coal
mines, the wrinkled visage Of hard
times will he smoothed, and homes
now dark with gloom and distress
will smile with peace and plenty
The largest amount Of legal tender
notes (greenbacks) known in oul
} financial history since the war was
1892, 757, 6O4, and that at a time when
our population was 100000 less
| than 1t is now.
4 The present amount of the green
back circulation is $S46, 6Sl ,016, beinG
a contraction of the currency, for ar
: enormously increased population, o
s $S6,076,5SS. Had l the power,
4 would, as a measure of justice, wis
h policy, and permanent relief to ever.
n worthy and industrious class of clti
e zens, restore the greenback circula
t ton to the highest point it eve
s reached in time of peace, and Their
n maintain it. Let the $S6,O76,5SS b
d reissued, with debt-paying power
e and the humiliating idea of mort
n gaging homesteads for small loan
o will disappear forever. No specula
v tive disturbance in values would fol
n low such an increase of our circula
it ton, for it would even then be to
af small in its ratio to a population {
st 6O,000,O00 and to the giant develop
ments yet to take place in this Unto
A. of forty-two States.
e, Third. The free coinage of silve
l. also presents itself as measure of r,
is lief to the American farmer, ard
lie the laborer for daily wages. Argl
I'd ment against the use Of silver none
e. to the full extent of all our silver r.
a. sources is never heard in the char
" nels of trade nor in the fields of actiN
lg industry. Its enemies are not to |
" found in the ranks of labor, but
ey the sumptuous council chambers
to the arrogant plutOcracy, where Il
x chief aim and end of government
" to increase the power of money ov
of lands and houses, and over men al
women, by making it scarce al
he hard to obtain by the pain unpr
lie tected people.
o. Those who affect an alarm at silv
nd initiation are mostly those who a
he bent on the contraction of all kin
he of currency in order to increase II
lct purchasing power Of the mon'
in which monopoly and privilege ha'
,le already given them. The financi
as credit ofno nation in the world stan
he higher than that of France, and t
I'll circulation Of silver amongst Il
to French people is $l4.76 per capt.
on while it is but 1912 per capita wi
fh- us. With more silver products tn
gal all the world besides, the people
nd the United States are demanding fl
pie play for silver money and the ASST