The Caucasian. (Clinton, N.C.) 188?-1913, 1893-07-06
ANOTHER srepN The CONSPIRACY


As weannouueed last week, India
has .demonetized silver at the order
of England. Now following inme-
diately after this Mr.. Cleveland call
ed an extraordinary session of Con
eress to repeal the American SILVER
law Now the great question -,
will the Congressman south and west
bow the knee or will they stand by
the people, silver and the - e"nsthn-1
toni We clip. the following from
the Washington Post:
Senator Pugh, of Alabarna, the +
chairman Of the United States Senate
Committee on the Judiciary, IN con
versation yesterday discussed the
action Of India in the stoppage OF the
free coinage of silver, and IN a man
ner characteristic of that Senator, ex-
pressed views with positive mean
ing. He remarked that this action
of India is part of great consplr-
acy which he can trace from the De
ginning to the present time, nor does
ne believe that it will have serious
effect upon America as some OF the
financial experts seem TO anticipate
And, in reply to the direct inquiry,
will the Sherman silver bullion
purchase act be repealed by Con
gress this winter7' Senator Pugh
said, emphatically: mo, 1t will
not be REPEALED, unless free coinage
is given in its stead
Vance, Alexander and Grady are
reported as saying that they will not
vote to repeal the Sherman bill un-
Ill better bill is offered. While
Ransom, the strickster and the poll
tician, is on the other side. 1t seems
that he has sold out TO Cleveland to
get patronage. With patronage he
intends to build up State machine
to re-elect himself and to do this he
is willing to betray the interests OF
the people. He has more faith IN
the machine than he has in the people
When silver was demonetized by
the United states in 1873, silver was
worth $1,32 an ounce, while gold
was 3per cent. below par. But un-
der unfavorable Legislation silver rap
idly fell to below 80 cents an ounce
while gold under more favorable leg
islation rapidly rose. The Alliance
has claimed all along that this was
the chief cause for this relative de-
preciatien of silver. The gold bugs,
their servants and mouthpeices, the
funkies and the politicians all de-
MED this statement and ridiculed
the Alliancemen as cranks &etc. But
what do we see now. The other day
India demonetized silver, and in ten
days time silver fell to less than &c
cents an ounce, which is 90 cents
lower than the lowest price ever
reached before This, proves ouI
position, that gold and silver are
both fiat money as we'll as paper,
nat utlluSI Out NOulu pass IOI
of its money value were it not for
the fact that II was used as money
metal and bore the stamp of the gov
eminent. If we had no telegraph
wires, the fact.that India had demon
cited silver would not yet be known
here and silver would still be selling
at its old price in the United States
Now let us demonetize gold and see
where it will 60. And if that die
not give the intrinsic vafue' fool,
something TO think about, it would
at least give the wealth producers Z;
chance to have his products meas
urcd at an honest price by an homes
yardstick. The biggest deal of ;
quarter of century is ON foot. LIE
the people watch. Eternal vigilanc,
is the price of liberty, --.- ---------.