Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1893-08-17

.E]
nor keep inferior money on a parity
with superior money by its own
independent effort has resulted in
such alack of confidence at home
lin the stability of currency values
that capital refuses its aid to n "
enterprises while millions are
actually withdrawn from the chan
nels of trade and commerce to be-
come idle and unproductive in the
hands of timid owners. Foreign
investors are especially alert and
not only decline to purchase Amerl-
can securities but make haste to
sacrifice those which they already
have.
OUGHT TO BE SERIOUSLY CONSIDERED.
aIt does not meet the situation
to say that the apprehension IN
regard to the future of our finances
is groundless, and that there is no
reason for lack of confidence in
purposes or power of the govern
ment in the premises. The very
existence Of this apprehension
and lack of confdece however
caused, is menace which ought
not for a momentto be disregarded.
Possibly if the undertaking we
have in hand were the mainten-
ance of a specific and known.
quantity of silyir at a parity with
gold our ability to do SO might be
estimated and gauged and perhaps,
i'm view of our unparalleled growth
and resources, might be fayorably
passed. upon. But when our avowed
endeavor is to maintain such a
parity in regard to an amount of
silver increasing at the rate of
$50,000,000 yearly, with no fxedr
termination to such increase, it
can hardly bo said that a problem
is presented whose soluai0 ion is free
from doubt.
SOUND AND STABLE MONEY.
aThe people of the United States
are entitled to a 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 expert
ments opposed to- the policy and
practice of other civilized States,
nor is sjustifed d in permitting an
exaggerated aud sonabled
reliance on our national strength
and ability.to jeopardize the sound
ness of the peoples money.
ABOVE THE PLANE OF POLITICS.
"This matter rises above the
plane of politics. It's vitality con-
Germs every business and calling
and enters every household in the
land. There is one important
aspect of the subject which espe-
cially should never be overlooked
at times like the present. When
the evils of unsound finance
threaten us the speculator may
anticipate a harvest gathered from
the misfortune of others. The
capitalist may protect himself by
boarding or may even find profit
in the fuctuation of valuea; but
the wage earner-the first to be in
jured by a deprecated currency
and the last to receive the benefit
of its corrections practically
defenseless. He relies for work
upon the ventures of confident and
contented capital. This failing
him, his condition is without allie
Walton, for he can neither prey on
the misfortunes of others nor
hoard his labor. One of the great
est statesmen our country has
known, speaking more than fifty
years ago, when a arrangement of
the currency had caused CONNER
cial distress, said: THE very man
of all others who has the deerest
interest ina sound currency, and
who suffers most by mischievous
Legislation in money matters, is
the man who earns his daily bread
by his daily toll These words are
as pertinent now as on the day
they were uttered and ought to
impressiyely remind us that a fail
ure in the discharge of our duty at
this time must especially injure
those of our country, the men who
labor and who, because of their