The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1893-08-23
based on real properties and payable at
stated place on demand.

the hundred millions were owned by
one hundred of it's people.
1t is not the amount of currency but
its value and the activity Of circula-
tion that makes business aud trade,
what we call Flush times" A million
dollars locked in a Greenville bank
would do nobody in this county any
good A thousand moving briskly
would in time buy million dollars
worth Of goods and pay million
dollars worth of debts and everybody
who handled it would get some profit
from it.
The republicans have with their
protective tarif.system developed enor-
nous fictitious values, huge fortunes
on paper, and stimulated supplies be-
yond all legitimate demands. Commerce
tries to meet artificially created evils
with artificially created wrongs and
organizes trusts and endeavors to shut
off unwholsomely iEdiscriminate COM
petition with yet worse monopolies.
The republicans and alleged rich man
try to make the apparent riches real
and solid with single gold standard.
The populists and greenbackers try to
make ali properly worthless and to de-
stroy progress and enterprise by put
ting values and obligations at the
mercy of cheap and worthless cur
rency-a currency based on nothing or
on products of which there may be
glut or on lands which nobody may
want and issued by the billion dollars
at two per cent. A panic caused by
having too much so called money
which nobody will sell for, will para
lyze trade as effectually as a panic
caused by the locking up of good
money which everybody wants. We
see no improvement in the populist
form of panic over the republican
form of panic. The confiscation or
ruin Of real values is poor remedy
for the creation of false values.
The greenback programme means
protection and limitation for trade
more efectual than by the tariff. It
would condemn US to eternal swap
ping among ourselves of swarms of
debased dollars which nobody else
would have and the creation of nominal
values which might be called by enor-
nous sums but which would be worth
less because they would produce no
profits. The pepulist plan would result
in making the government virtually
the owner of the people and all their
possessions, and in establishing here
big commune. It would not be long
under the system of two per cent. loans
on lands and crops before the laborer
would be demanding a share Of the
land his governments cheap money
had redeemed from private mortgage.
Tie present cry that private profit on
money is robbery would soon give
place to the louder cry that private
ownership of land is robbery.
We are told that debts contracted in
greenbacks should not be paid in gold;
that debts contracted with cotton at
fifteen cents a pound should not be
paid with cotton at eight cents. If
all the people who are in debt got so
with greenback money and fifteen
cent cotton, we had better not return
to those times. They must have been
bad. People who fell behind when
there was $500 per capita will not be
helped by restoring the same condi-
tions.
1t sounds we'll to say that bale of
cotton at 500 would pay for 200 pounds
of meat at IS cents $780, and 20 yards
of calico at 25 cents ($5) and leave s65
to pay debts with; whereas bale of
cotton at $50. while it will pay SIS for
200 pounds of meat at y cents and
and 81 50 for 20 yards of calico at l2l
cents. leaves but $3.50 to pay on the
o3d debt. Everything is cheaper, we
are told, but debt and taxes, and the
proposition is to make debt cheaper by
Initiating the currency and forcing up
the prices of everything. That sounds
we'll. But We can't force up prices by
making cheap money because we make
more cotton and grain than orr own
country will or can use and our cus-
toners abroad will offer only sound
money prices. It is comparatively
easy to establish political independ-
ence, but no country can establish
commercial independence or could
prosper with it if it was possible.
Cheap money would establish a
stronger blockade than the federal
war ships could make on our coast.
An income tax to prevent enormous
and danger Gus accumulations in a few
hands;
|
! dom Of trade, to maintain competition
and to restrain it to proper proper
tions;
A currency system based on the
metals accepted by all the world as
money and extended by State bank
circulation system so as to expand and
contract with the requirements of COM
| merce.
Those are sound Democratic ideas
and sound sense. They are between
the extremes and they mark the path
to real prosperity and progress found
ed on solid principles.
Many bodily ills result from habitual
constipation, and 3 fine constitution
may be weakened and ruined by sim
MA ,auIonf Tborn 10 M vna1;oina for