The Caucasian. (Clinton, N.C.) 188?-1913, 1892-09-15
rHE SILVER QUESTION.


may be defined TO be- the rigli'
If any holder Of silver bullion
| to have 1t coined into silver dol
lars such as we now have in ctr
ruiation. The vaine of the sill.
yer bullion contained IN q silve'
dollar Is said To be worth only
little over two thirds OF the
value OF the gold bullion con.
tanned I'm a gold dollar. In re-
Ispect TO wheat aud corn aud es
pecially cotton and agricultural
land, the value OF silver has in
creased and the bullion in d sill
yer dollar will buy more ot
what the farm or has To sell than
! it would before silver was de-
monetiZed. Instead Of putting
more silver in silver dollar
therefore, it is my opinion that
Il ANY chan e is made at ali IL
ought TO be TO take some OF ii
out. While the production of
silver in the United Stat ties has
greatly increased since the dis
covery of the silver mines in
Nevada, still there is nothing
like enough OF it to do the bust
ness of the country, especially
as our business and population
has increased in far greater ratio
than the production of silver in
the world. But You say silver
has fallen in value in resoee. To
gold; it is some thirty cents be-
low gold. \ better way to state
it is that gold has risen nearly
thirty cents in the dollar above
silver and more than thirty
cents above what il formerly
was. The production of gold
has fallen off, in this country
e p. cially, SO shat it is not half
what it was some years ago,
while the production of silver
has more than doubled since
1873 The difference between
the values of gold and silver
was made far greater by the
characterization of the latter and
by making the interest Oh the
national debt payable in gold
alone" You confess then that
there is considerable difference
between the market bullion
value of the gold dollar and the
silver dollar" Yes, but as silver
has not fallen but has at least
hid lts own in respect to the
p "oducss it must IL easure or pur-
chase, why is there PROPOSE
tion to add 80 Cents of it to the
silver dollar Why don't some |
Of the hurgerers and thirsters
after readjustment Of values of |
gold and silver demand that |
,l'if ~ cents be taken out of the
gold dollar? Did you ever hear
one Of these mourners over the
inequality of gold and silver
purpose to take a little gold out
IT his gold dollar? Show him
hat the population of the coun-
ny has doubled and that the
business of the. country more
han doubled and that the pro-
iuctiun Ct gold in this country
S Lot half what it was and that
he interest of the pubic debt
being paid in gold has abnor-
nal!y~ raised the demands for
t and greatly enhanced it
market value; he will still
hudder at the very thought of
ny equalization that takes any
old out Of his dollar. He
wants to reap all the ADVANTAGES
rom the rise of gold. If half
he gold in the world were sud-
emily destroyed So that its value {
7ere doubled again he would s
Till say the gold d. liars of {
resent weight and fineness
as the only true standard Of
alue even, though it doubled !
he property of every creditor
nd diminished by one half the j
of evry debtor. So a
GU see now where this fight is.
is between the creditor and
le debtor. The creditor wants a
take advantage Of the 80 Der
mt. rise in gold to have his
ebts paid i'll 1T; and the debtor
ont want to pay more than he
rOnised.
Ihere are several hundred
liilion dollars Of silver money :
circulation ana the same is
gal tender i'll payment of u
ebts. Ii you add 80 cents to
'e value of each of these dol !.
rs you make the debtors paw
} cents in the dollar more than {
ley promised to pay and you !.
lake The creditor 80 cents i'm !,
le dollar richer than he is
bis is what the creditor
ants. This is what the debtor :
ont want.-W. j. Peele. in ?
rogressive Farmer. d
A Safe Investment r