The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1893-08-12

PO"Ot VI euo SOfcIuIueuG III III
premises. The very existence O
this apprehension and lack of con
fidence, however caused, is a men
! ace which ought not for a momen
to be disregarded. Possibly if til,
undertaking we have in hand were
the maintenance of a specific known
quantity of silver at parity with
gold, our ability to do SO might be
estimated and gagged, and perhaps
In view of our unparalleled growth
and resources, might be favorably
passed upon. But when our avowed
endeavor is to maintain such par
ity in regard to an amount of silver
increasing at the rate of fifty mil.
lions OF dollars yearly, with no fix
ed formation of such increase, it
can hardly be said that problem is
presented whose solution is free
from doubt.
The people of the United States
are entitled to sound and stable
currency and to money recognized
as such on every exchange and in
every market of the world. Their
government has no right to injure
them by financial experiments op-
posed to the policy and practice of
other civilized states, nor is it JUS
tilted in permitting an exaggerated
and unreasonable reliance on our
national strength and ability to
jeopardize the soundness of the
peoples money. This matter rises
above the plane of party politics.
1t concerns every business and call
ing and enters every household in
the land.
There is one important aspect of
the Subject which especially should
never be overlooked. At times
like the present, when the evils of
unsound finance threaten US, the
speculator may anticipate harvest
gathered from the misfortune of
others, the capitalist may protect |
himself by boarding, or may even |
ind profit in the fuctuation of val |
1es; but the wage-wokrer--the first |
20 be injured by a deprecated cur |
rency and the last to receive the |
benefit of its corrections practi- !
ally defenseless. He relies for
work upon the ventures of conf
lent and contented capital. This |
.ailing him, his condition is with |
nut alienation, for he can neither
,rey on the misfortunes of others
Tor hoard his labor. One of the
greatest statesmen our country has
'nown, speaking more than fifty
ears ago, when a arrangement of
he currency had caused CONNER
ial distress, said: "The very man
t all others who has the deepest
interest in a sound currency and
Tho suffers most by mischievous
9gislation in money matters is the
ian who earns his daily bread by
is daily toll" These words are as
ertinent now as on the day they I
ere uttered, and ought to impress {
rely remind us that failure in
ne discharge of our duty at this j
me must especially injure those of
ar countrymen who labor, and 6
no because of their number and !
are entitled to the most
atchful care of their government.
1t is of the utmost Importance
lat such relief as congress can af-
'rd in the existing situation be af-
'rded them at once. The MAXIM,
he gives twice who gives quick
)" is directly applicable. It may !,
true that the embarrassments h
ON which the business of the o
'untry is suffering arise as much e
ON evils apprehended as from :
ose actually existing. We may n
,pe, too, that calm counsel will c
'evail and that neither the capita :
its nor the wage-earners will give
~ to unreasoning panic and sac p
ice their property or their inter- 8,
is under the influence of exag- sc
rated fears. Nevertheless, every u
'y's delay in removing one of the q
ain and principal causes of the &.
esent state Of things enlarges the b
lschief already done and increases te
9 responsibility of the govern ~ -
ant for its existence. Whatever
'e the people have a right to ex- al
ct from Congress, they may GER OF
My demand that Legislation con-
mined by the ordeal Of three
ars' disastrous experience shall :
removed from the statute book
soon as their representatives can
Ultimately deal with it.
1t WAS nv Durpoco m cum,op