The Caucasian. (Clinton, N.C.) 188?-1913, 1893-02-02
"HONEST~ AND "DISHONEST'
MONEY.
[For The Caucasian.1

TARBoRo, N. Give hear a good
deal these days about the "honest'
and the dishonest" dollar. 1t is
amazing, when we soberly consider
1T, that our government should have
committed the crime of allowing SC
much of the so-called "dishonest' CD
money to circulate. If we trace the
origin of the word "dishonestr as
applied to our circulating medium
we may find that it came from Sena-
tor John Sherman the great fnan-
cier Cd (for the gold-bugs) of the
age. 1t was Sherman who began
war on our silver dollar, and his
name has time and again been asso-
ciated with that of Ernest Seyd, the
great financier, of England, who
with his half million dollars persuad-
ed congress i'll 1873 to demonetize
silver.
Since the passage of the act de-
monetizing silver (Which metal be-
fore was at premium these "dis-
honest" dollars have begun to circu-
late.
Now, the question is, if the silver
dollar was good money for eighty
years prior to 1873, and on parity
with gold why would not its restora-
ton to-day, at the same ratio, make
1t perform the same functions that
it did then However much the
gold-bugs may theorize about the
dangers to the business interests
by the restoration of silver to a pari-
ty with gold at a 1atio of 16 to |,
this question will continue, land
deservedly too) to receive the great
est consideration by large portion
of the voting population of this
country.
do not believe that the passage
OF a free coinage act would be the
panacea for all the ills from which
the masses of this country are suf-
ferlng, but do maintain that it will
be the entering-wedge to secure f.
nancial reform. The people will not
submit to the tyrannical power vest
ed IN, and exercised by gold, when
that metal is constantly becoming
scarcer as tie needs of the werld
grow greater.
Some maintain that silve, should
not be restored, and urge the repeal
OF the present law by which four
million and a half ounces of silver
are purchased monthly. Should that
law be repealed this country will
then be on a gold basis. 1t is a nice
scheme to play into the hands of the
goldolators. AS long as the Shy
locks and money sharks can keep
the people in ignorance they will
continue their acts of robbery.
The American Cyelopedia is my
authority for the statement that if
gold were 'demonetized" it would
Immediately sink in value.n 1t
further says that a mechanic would
no more take gold as pay for his la
Dor than he would SO much iron,
copper, dc. So, Mr.. Editor, you can
see that the power and functions of
money are created by law. True the
white and yellow metals have in
trlnsic value, but when the govern
ment's stamp is put upon them their
value Is enhanced. If silver were
restored to parity with gold you
would hear nothing more of "dis-
honesta or ''debasedn money.
Ii dollar viii pay debts then
there is nothing dishonest about it.
The cry of honest and dishonest
dollar Is made by the Wall street
gang who are duping the people.
The money lords and money chang
ers will yet be scourged from the
temple by an indignant people.
The fight is but fairly begun, A
few more years will sweep them ont
of existence. Till the victory is
let every one bedeck him
self IN "battle-array,n and zealously
work. JAMES b. LLOYD.