The Magnolia gazette. [volume] (Magnolia, Miss.) 1872-current, 1892-07-09

"With free coinage by tnis Gov
eminent England wonld I've un thle
10 buy nnr bullion at profit for
the Russian and Indian trade, aud
would Of necessity purchase our
products because of cheaper trans
portation."
"The Government now coins
four and Il halfmiIlions per month";
eyes. sir; the coinage Of $1,000,
600 monthly under the Sh rman
bill, however, does not remedy
the evil at al, brciuse it leaves
silver still a commrdity of fnctnat-
ing and falling value. Yet while
chat bill was nendlug The price Of
I sill er rose to s 20 an ounce, aud
our farmers 1t the immedia
effect. England changed hrr policy
for the me an bought wheat AID
cotton here, ami it is estimated
that the Ametic IN wheat grow +
aud American plan er $4,000 o.
of pIoti. The cry of the gold bug
that the free coinage ot silver Is
the selfish hobby of the silver miner
is misrepresentation of tho facts,
for whlle they are being robbed
by the Cove nmert OF about ! ~.
0U0,000 annually lie cottoa growers
of the South | more than four
tin, that amount annually, and
the VIII, at-grOwerS of the North
west year after year have tilchr q
from their earnings more than
five times the annual loss OF the
silver miners, while the millions Of
wage earn rs of this county are
even more acute sufferers by reasoll
of the false financial policy of this
| Government. Ii Is small Wonder
tha England furnished S53O,On0
to inflgenre our innocent Congress
men in 1873 to uuwittia ely de.
monetize ii yer. The Il IN I'D for
honest mon lin which all honest
men concur, j. fully answered and
perform d. The a. btnr will dis.
charge his full legal and moral
dun TO his credit or when lie pays
him in such money rs was tull
legal tend,r at lie time the debf
was cunlracied.'
"Might not free coinage tend to
food oui mints with the silver OF
the wOrl ~
"The glaring absurdity Of hat
argument is apparent when we
iememb r that we produce 40 per
cent Of the SILVER Ot he earth; that
Europps only silver is her silver
money, and that we put l1.34 more
Or hns of silver into a dnldr than
that requIeI by tie European
standard, anl hence Europe's S
silver monty circulating at home
at 100 cents would tecoi1 in onr
frep mnts at less than ~ cents,
while her recent inirease nf sub
81 iiary coin would be only SO s per
cent OF onr standard silver CON.
Yes, this is the great scar crow
argument of the rel nilesS & ihl
bug, Of the Atlantic So board. who
iuHnldate both the great peli'icel
parties. he worlds aupual proc
iuci OF gold is abnuy SlU0.0D0,O00
hut so mueh is use ~ he "A t. and
deLtis rs as 10 leave pronahly less
t1an 500, ,00O, 900 avallable Tor the
" RI Is supply Of mOHcy. Thr
Yorld's ANNA, -upplS OF Ill rr is
ahont 100, 900. 400 on ces, win
l,0Op, p,0G0 900 j., ople of tine eptn
i on. IL n,e I !, "A fact that
if W. should aiis.lb ~ his ointry
alone the en- irr aunual rodnci Il
q e Il YER mn Of the world il
would + a. r. TN years, with Oul
inc e sing iopulat on, - mere s.
nr er capita to $50. the gal %
Fra ce' lie sirO gest inan cial
country on the gone,
have b r. ~ my pocket some
E ,tafis ics. Lisen to them; o. tn,
Z 8. rIu'S euti e popnllfl1, l60, 500,
900 have The single - d standArd
, Coup RE having pDrnlation {"
, S3l. .7JU.000 have tn. sIngle silvel
stai dar,l, and countries having a
population # 2l4 222. .Ol0 have the
double standard ot gold aud liver
rhis shows that one billion
. seventy live million nine hundred
odd thon~aui of tine wuill's popu
lation have either the stngle silver
) andafd'of money or the Il diubl.
standard Of gold and silver. In the
fac. Of III s. figure are til.
..nemies OF silver anle t. MAINTAIN
their as s.erti rs that cod IS the
money Of eommrrc I? When ther'
is Az unlimited use If silver "a a
I mo cy metal, taen Its commercial
j value bec0mes Is coin value d
/ nerrssity. Wh,n We had but 3 O0J,-
t 90 people in the Uai',.i Su,te'
i an the ( ongress deeiee ed t., Is ap
3 hsh a monetary system, We di
+: not stoup to ak Gre, It Br tait
5 what the raii shnu Il be beiweeI
] gold ana silver, hut, like brav,
n-u, our fOTeidihers [ uude3 the
mint and dhe.ted that the coin z,
. nuce, Il unaer the ratio of I5J 10 /
1 Bat nov, with more tha 10000,
: 50J people, We are tod tnat W.
: mnsi 90 aud ask European pet
). mission 10 legIsldts Oh thi
n 90 ia