The Camden chronicle. (Camden, Tenn.) 1890-current, 1893-10-20
OUR CIRCULATING MEDIUM.

titled "An act directing the pur-
chase of silver bullion and the issue
of Treasury notes thereon, and for
other purposes"-better known as
the Sherman law-and we wish it
was in the hands of every voter in
Benton County. The able Senator
does not miince words, but says very
plainly that he is opposed to class
legislation of whatever form, and
here is where he will find common
ground with nine-tenths of all truly |
loyal Americans. Fewp persons can
be found, we believe, who will not
agree with him in the following
paragraph which we quote from his
speech:
If the commercial world utilizes both |
metals as basis of circulation it will |
not have supply of money that exceeds,
if indeed it will keep pace with, the in
crease of population and business, and
no excuse can be found, or reason given
for the demonstration of silver, except
the greed of gain that controls now and
has always controlled the money chang
er. He wants to double the purchasing
power of his money and his fixed income
at the expense of the debtor class and
that large class of our people whose daily
labor produces the commodities which
feed and clothe our own people, and
which go abroad and bring to us the gold
of other countries. 1t is simply ques-
ton of which of these two classes of cit
liens we will, by our legislation, favor.
1t is purely and simply contest between
the conflicting interests of capital and
labor, creditor and debtor Reduce the
volume of money and you benefit capital
at the expense of labor, the creditor at
the expense Of the debtor.
The Senator quotes from the ut
terances of some of our most exalt-
ed statesmen whose opinions have
weight with the people.
ALEXANDER HAMILTON, the first
Secretary of the Treasury, said on
January %, 1871, in his report on
the mint:
To annul the use of either of the met
ais as money is to abridge the quantity
of the circulating medium; and is liable
: to all the objections which arise from {
J comparison of the benefits of a full will
the evils OF scanty circulation.
This report ON the mint having
, been submitted by Secretary HAM
, ILToN to THOMAS JEFFERSON, Sec
rotary of State, Mr.. JEFFERSON said
Ireturn TO you the report on the mint
which I have read over with great dea
I of satisfaction. I concur with you il
thinking that the unit must standon bot
metals, that the alloy should be the sam
in both, also in the proportion you es
: tablish between the value of the tw
+ metals.
/ Hon. ALLAN G. THURMAN, on tn
{ Bland-Allison bill, in the Senate
a February 6, 1878, said among othe
|. things:
Mr.. President, silver and gold hay
. been the metallic money of the worl
for thousands of years. They are ais
the money of our Constitution. =
= Both metals are suitable to perform I'll
; functions of money, and silver does pc
# form that function among large m
= jority of the human race. And silver
. especially suited for small transaction
- and may, therefore, be properly Gale
Il the money of people in humble cireur
q stances.
Hon. JAMES A. GARFIELD, IN IL
House, February q, in discussir
o. the Bland-Allison bill, amongOth,
10 things, said:
10 Mr.. Speaker, every man who is o
IN posed to the use Of silver coin as a pa
ry of the lawful currency of the country
al disagree with. Every man who is @
. posed to the actual legal tender use
both metals, disagree with. Eve
10 man who is in favor of any bill that W
~ drive one of these metals out of circu
he ton and give us only the other as none
e. disagree.
Is The practice Of burning ootto
to gins, which is being resorted to