The Port Gibson reveille., 1893-10-20

Mr., Lamar, trusting % MS owi
Judgment and the "sober second though
| Of the people," refused 70 obey the N
structions and appealed directly 10 th'
people. Nor was the appeal IN vain
| for he was unanimously reelected.
The above bit of history should be q
service 10 senators George and Walthall
If the voters of Mississippi sustained
senator Lamar in his opposition 10 on
| 85-cent dollar, is ID reasonable to sup
pose that they will sanction their ad-
yocacy Of 60-cent dollar? Will the
farmers Of the state indorse measure
that forces into circulation o depreci-
ated currency, which will enhance the
cost of all the necessar1es Of life, while
their cotton is sold in Liverpool and
Havre on gold standard? Are they
not aware that, out Of the immense crop
Of cotton raised in the south less than
one million bales are sold for home con-
sumption, the balance-some SIX OF
seven million bales 90 TO Europe and are
sold there for gold? What o strange
Infatuation must possess men who adj
vocate q measure that eompels them 10
pay dearly tor what they buy and sell
cheaply what they produce. Yet such
is the unvarying history Of deprecated
Cheap money.
An erroneous idea prevails that q
gold standard, so called, means an ex-
clusiyely gold coin circulation. Moth
ing was ever farther from the fact.
England, as we'll as the other nations Of
Europe, has q gold standard-that is
to say gold is the standard by which
all other coins are valued. One pound
sterling in gold must be represented by
as much silver as is intrinsically worth
one pound sterling in gold and that IS
all and everything that a gold standard
means. Why, in the everyday busi-
ness life in England, especially among
the producing classes, there is actually
moro silver in circulation than gold.
She issues silver coins Of a larger de-
nomination and value, than an honest
American dollar. Her crown pieces
are worth gl.20, her shillings "a cents,
and her six pences IL cents, TO say
nothing Of her copper pennies, half pen
nies and farthings. The same may be
said Of the other European nations.
They all have their subsidiary silver
and copper coins. But those coins
must be intrinsically worth their face.
There are now in the treasury Of the
United States some five hundred mil
lions Of silver coin and bullion, which
nobody seems willing to accept in pay
ment Of government dues. Even the
silver men, who are clamoring for the
free coinage Of silver, refuse TO accept
silver in payment for the silver bullion |
they sell to the government. They de-
mand that the government shall con-
tinue 10 purchase four and half mil |
lions Of their silver every mon h 10 lie |
idle in the treasury vaults, but nothing
but the damnable gold will they receive |
in payment! A 60cent silver dollar is
good enough for the people, but nothing
short Of a l00cent gold dollar will sat
isfy them.
Those good people who are looking
for silver dollars to ram down like man
ma, viii, | am thinking, hold out their
platters a long time before they are
filed.
Ii IS unfortunate that the Mississip-
pi senators who profess to be Demo
Gratis, sat quietly and let the low black
yuardism Of senator Stewart and the
drunken yaporing Of senator Morgan
pass unrebuked.
But you must excuse this long dis
luisltion on money-an article which |
nave not had lately IN sufficient quanti-
hes 10 estimate its real value.
Since ! last wrote you this Indian
River country has grown wonderfully.
The population has more than doubled
n three years, and is still rapidly IN
The new Santa Lucia Inlet.
welve miles below here, has opened up
! lively and increasing intercourse with
he West Indies. IL is located a mile
lorth Of Old Gilbert's Bar, the former
outhern boundary Of Hutchinsons Is
and. Every day we see passing YES.
els of the larger class which have eth {
T come IN or are going out at the Inlet.
The old Gilbert's Bar, in the olden
ime, was the inlet through which the $
uccaneers found a safe retreat. But
is closed now, having been blocked
p BY an old eck,-nevcr more to be
pened.
A railroad is now being built on the
'est bank Of the river, from st. August
he 10 Lake Worth, thirty-6ve miles be-
Nv, to be extended in tine TO Byscaine
'ay. AT Lake Worth, Mr.. FlaQler. a
lultl-millEonaire, is buiIding a magni6-
INT hotel,to contain two hundred sleep.
lg rooms and dining room 10 seat, or
Inarlly, seven hundred guests, and, i'll
eed be, one thousand.
Next Friday, the 18th, is the ann
srsary OF the opening Of Santa Lucia
llet and Is 10 be celebrated by grand
cnlc and ball | shall be there 10 see
With q kind remembrance Of dear
n friends