The Caucasian. (Clinton, N.C.) 188?-1913, 1892-11-17
THE SILVER. CUES fIIIaah.
FILL4CIES OF TIE. AHt-
MENTS 1GslIA.S4 -EREEa
iSIL YER E.YI,14sasD. >4.z--s.
PLACE GOLD AND ,sfllER OMAN
EQUAL FOOTING. s.r
THE DEMONEPKzfr4DS S--IkfQ-
UI1'Y.. - - ..
By DEBAsfsd SILEgR TIE HGoLE
BUGS" SEEK TO CONTRACT EHE
CURRENCY AND fNpREAsgf-t.. -.
THE Purchasing Pow =-s-t
or. GOLD. >.

s.T- :. ..ssss -sz.F =
Among the ssrious-s -sftae eHeats o
Congress, instigated bynonsy sath b
erers at the expense ofsweafshf.pro
ducers, to increase the value of gold
BY depreeiatiag ths g4lup .4fAalei
forms of property, and Gplgsya Ant
Of labor, none was -moren I'M iusttfabi'
and iniquItous than the. demoAat5 z1
ton Of silver in sf8f35. a-'i iiiie. iiie. stiss err
Sal protest against this action %sss SC
strong that the nseof sityHras mon ey
as partially restored Blythe fffltet
coinage act of 1877. Th1 I,roplsl
party demanded that It }e ffuils 1e
stored by free and uhlimlA:d epha1 &c
The banks and money III terestss OF
the other hand, are streihlous4N en-
deavoring to further restrict sbe Eres
ent coinige and II posstbis sHil,rk th.
entire demonetization ct Sltef.
Speaking ON this. u subject, .bef6Tt
the Senate, IanuaFyl9 "a. 1886. 3eH i,
tor Teller, Bx-seeretary off tAl
Treasury, says: a-s .x.s
"Without Il sufficient ;lnro8alt z4o1
money with which to do business
the energies Of the people al'ess sdg.
pressed. Money scarcity mea1s ftif1
times and low. wages, or no B:agess ilt
all. The persons who~-sj.SIass llsssysl
from scarcity are money lenders, biz
discounters and pawn brokers, ItFsss
who suffer most are the fsbarefs: 81
Mr.. Teller presented elalE fRe
tables shaving lAe .p4!it7 GneHH HH!ffpf
OF the world. He stated lad S,I
and silver mad been found insult ] 81
to carry on the business. OF the .gislasl
and all nations have resortel tostaf-
per currency, based or theserliehsfe.
He continned; CHE y note a,h ssNHt
of paper money issued IS 1884 ,fsHs
600, more than the whole allohfif i
either gold or silver. # kaQass .s,sII1
and silver G9mttnedFhaee eeea faallsl
insufficient 20 carry on the Assd4ziliss
trade, wha; reason Is tt,eYeSfo or -ssskss
posing that gold alone 1-Wot,l# &c
sufficient? III II -'-sA & r
"Wh2u yoa destroy tlles lss1s,
faculty of silver you inerease.t i a.pl {
chasing power. of gold 1Il.ii,ae4 4s.lIls
fitting the holders # tty64asss szs..e g
mort ts.sNe aud zeovernu0fts' ssx;t.sisles
becausetthe principal an0fnfersgte'is5i
these obligations remain to be taid
with but one-half the moneyFiH =
istence that existed wher tka nTeptts
were cQnt,Acte0. The hoIde4s.so
these obligations constitute sssgreal
and powerful CLASS ereditol. ,eifssss
and they want silver aeeAAli8 li8!sFss IIze.f -aes
'eaRse If the suhsea.,ent eti0fm5ns I'll
crease in the purchasing power o1
gold. They have raised the cry thai
gold will leave the country il we dc
not suspend silver coinages II he,
raised the same cry against the pas
sage of the silver coinage act Of =ISssT'71 /
We were then told that fIe Bhiteo
States would hes9lIf.E. heess9sllIf.E. FEhAs Fepasstor,
of ali / he slteertn tho Narld; that We
would lose all our gold, would lost
our national credit, and would: b.
unable to sell our bonds.==Wn nat WA
our financial condition at that .titn,
and what is it today
Mr.. Teller sulin.t.,d cxtiatistiS'
, statistics, showing that under tbt
operation Of the coinage act TIL
country did not lose gold hpt accu-
mulated gold at u rate tln precedehte;
| in history; that ouF Raisonzli :.Eote
increased in value our bends=zwer
never in greater dealran Il fa4ld fart he
that no injury was wrought ks
as had been claimed, but that ther
was an increase lathe prosperity Q
the country. as. a whole. ceaapare'
with the period of decentralization.
! x * X =, = s..-..
The stoppage of silver -eoinag
would be equivalent 70 Sfhpg $500
oo0,Q ,Qaa IL 'tAS nstlala:.l debt. /
/ would add from twenty to th:rt.
per cent to everydQiIu Of debt /.
the laad--,n Qm4pllt almost. to
great for computation. .12sste Grelito
class demands the tssefStei3 @
Coinage vi IL l. is .afal,ite1lIy ii stop
| page Of and Ifsc5 ts:.s 1Te= pay il
god he $500 Iqgref h:iio:1rs
BANK note: and witI!dfaw .l:Sln fpgo1
circulation. The next ssten- %fii b
10 take from the siiyerdasla2 :; f''e&d
/ coined their iegsl tel,eiier; fai { e-thu
eifectiDg reduction: amounting Z
$5G2, ,QO0,001 in the circulating me
d um-over one third of oar u hol
circulation. The business of th
country would be left = le don
with abJHt =u.le Third Of oar uresea
| stqck Of nit;jttef5sfi ~4'a
nAll. sfahniiIgs. ssiiis siKie pfeseas seere
tary of the l'reasp has tcldsts tha
the laborinE q no!lln ffrst stt4fe
from silver cainasssss,- et thegentie
man speak sforss.the ssae;st nloaeye
corporations and for the bandholdel
and capitalists: sasess ttl:.,t.ie. iebo
lug ul,al. fhe Afaboring Bnaen al
well aware that that great .s1lepart
ment of our Government has passe
into. the. control Of. ban KS ban kel
and moneyed powers. They kno
t.lat the statutes passed to ,ellftall Il
movers ct money corporations an
capitalists are violated every. day
the Treasury .Departmeat.s-Evei
scheme that conld, be deTisedte' di
grace silver has.had: the sanction
that department.. The Treasurer
, the United States has even gone IN
a convention of ffty-four bankers
convention whose ebieet was the d.
preciation of siiyer-anahas pre-
s. s.sf =. 1stvs7s1
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