The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1893-06-29

Congress to enact graded income
tax, making bondh holders, who re
ceiye their interest in gold, pay theil
taxes in gold. If, under such con
dition of affairs as you suggest, they
demand gold, mako them pay gold
If these Shylocks demand the stipu
lated pound OF flesh, let them under
stand they cannot spill one drop Of
the peoples financial. lite blood
without sharing it's responsibilities.
This, with additional wise laws
based on the revenues of the coun,
try, would enable the government
to command q, vast deal gold, as
we'll as prevent silver from being
wiped out of existence by its
competition with frightened gold,
which fees to hiding places at the
least suggestion of danger or lack of
PuojlC commence.
AS the investigation of these f.
nancial problems, battle the intell1-
gence OF statesmen, we must plead
ignorance of any law that requires
the Secretary of the Treasury to re~
deem silver certificates in gold only
at his discretion, and ignorance is
no crime; If it was, the courts would
be kept busy trying criminals.
Congress by it's sovereign power
can repeal the Sherman law and en-
act silver coinage law in it's stead,
giving silver the same free privilege
OF coinage as it new gives gold. and
when it does this the parity Of values
will IN a large measure regulate
itself and silver will regain its con-
stitutional rights.
The impossibility of fixing silver
bullion value on basis with free
coined gold by government purchase
is apparent under the Sherman act.
According to Secretary Carlisle's
figures there has been coined since
1878, 419,204,835 silver dollars,
while previous to that only %, 498,-
O45 silver dollars, and the govern
ment has been forced to pay gold for
silver bullion, because the holder
demanded it, and the law required
the treasurer to buy certain amount
each month, and vast deal of this
bullion is now locked up in the
treasury, when it ought to be coined
and put in circulation, and help pay
government obligations. When the
Sherman law was enacted one month
thereaftor oil~er was %1.a1 o.. e~.u~,
and now it is worth 58i cents and the
government, by being required to
purchase and store silver bullion,
has lost by this depreciation over
S10888 $50.
The sentiment of the people is
let the "dollars of our daddies" con-
tinue to circulate in doing the bust
ness of the country. Gold is all right
too, only there is not enough Of it..
We need both metals coined as
money. But let US not pamper gold
as an aristccrat and silver plebian,
but let them continue to associate
in commercial circles. So far we
find one buys as much as the other.
Increasing population requires in
creased circulating medium to do
the business of the country. In.
creased supply Of money will cheap
en- interest, and place people where
usury will not grind them to poverty
and depression.
This done, the increased volume
OF money would be invested in man
ufacturing industries and develop
ing the hidden resources of nature
as imbedded in mother earth, giving
people employment and giving back
to our country it's former prosperity
when the Sherman act delnonet;zed
silver.
Silver once regaining its power,
it's huctuating value would not be
so constant and conspicuous, and
would once more become entrenched
in the confidence of the public.
Let Congress repeal the Sherman
act and give silver free coinage and
an equal chance with the free coin,
age OF gold, ana there will be nc
more buying of bullion by the gov
eminent, but the individual will