The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-05-19

maintain itself if given unequal chance
with gold, previous to the passage of
the act of demonetization in 1873, the
ratio was 1875 of silver to 1 of gold
the coinage ratio being 16 to 1. In re-
gard to this act we cannot see why
such measure should have been
passed when specie payments were
suspended, unless as Mr. Potter, Of
New York, says, 1T was for the ben
eft of foreign creditors 1t was
Sided through Congress without the
country knowing what the bill really
contained
Let us undo the forgery and remon-
etize while we can. If Congress does
not give the needy people unlimited
coinage, their actions will indicate that
the capitalist shall have gold at a pre-
MUM of 20 per cent and the Iaborer
be subject to his greed. The volume
of currency is an index of a nations
prosperity, for from 1910 to 1910 when
the metals were scarcest, political dis
cussiOn, distress and national trouble
were greatest. Since then you know
the effect at different times.
Throughout the dis scussion of the
silver question you must bear in mind
that although the United States is con-
sidered bimetallic country, silver is
made to play the part of a subsidiary
coin and is not on par with gold. We
as a nation cannot afford to have our
monetary system regulated by Eng
land to have our financial problem
manipulated by England, a nation hos
tile to the United States.
Let us deposit the silver in the mint
and issue silver certificates thereon
and declare them receivable for all
debts both public and private One
metal as a standard whether it be the
yellow Or the white must Of necessity
work disadvantageousIy to the nation
50 adopting, for it would f)rce the
single standard nation to sell at low
AMI buy at high prices from double
standard nation.
The voice Of authority is in favor of
an unlimited coinage Of silver at par
with gold.
Alexander Hamilton in his report to
/ Congress in 1891, said: TO annA the
use of either of the metals as money is
to abridge the quantity Of circulating
medium and is liable to all the obiec-
tions which arise from Il compromise
of the benefits Of q full with the evils
of a scanty circulation
Baron ROthschild, fnancier and a
man of wealth, said: The actual state
Of things. thai is to say the simultane-
Gus employment Of the two precious
metals is satisfactory, and it is the gen
eral mass Of the two metals combined
which serves the masses Of the value
of things"
Ernest Seyd, the economist:
THE rejection Of silver as a standard
of value would be a most ruinous and
dangerous proceeding"
In the late Congress, some sound
views were presented among the more
striking are those Of Vance, Carlisle,
Morgan and Bland. You are on the
safe side as servants Of the people!
Let the gold bugs cry that the new
order of things calls for gold alone, let
them loan money on Western mort
cages inserting a clause that the prin-
cipal and interest shall be paid in gold;
let Wall street use it's influence against
the will of the people, but nOtwith=
standing all this it is a condition, not
a theory that confronts U.s." we must
have more money and it must be silver
| unlimited
1t has been put off by the influence
of gold men but 'it is the last time,
doubtless, that New England greed
and Wall street strategy will control
! the committee" "
JNo. \. OATES, JR.
HUETERsvILLE, N. c., March 10, 81.
Mr. FDTTOP The Tripcina1 raocC4o