Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1893-10-12

parity anu lnIerclangaOlllCyO OF one
dollar with another is destroyed and
silver is debased,or at discount, and
the plighted faith and credit of the
government is broken, and general
bankruptcy of every industry in the
land will quickly follow.
It's readily comprehended why the
Senators from the mining States of
the West are battling for the free
and unlimited coinage of silver at
/ present ratio 16 to l. 1t is to pros
tect the mining industries Of those
states in which their constituents,
as well as themselves, or some mem
bers of their families, are largely in
terested. They are ''pro! ectlo.lists'
of the strongest order. They want
the government to protect the pros
duct of their silver mines at a rate
| of so to 90 per cent. They want the
| miner to take to a government
mint 3714 grams Of silver worth
about Sc cents, actually, coin it free
| of cost, and return it to them
with the governments guar
antee and power to make it a legal
tender, to anyone they may wish to
pay it out to, for 100 cents-a net
profit Of about A cents on every Sc
cents worth Of silver coined. Now
this is nice business. 1t is pays
ing business; and Senator's fro m
those silver states know it, and will
fight to the bitter end for it, and
unscrupulously. But it is amaz-
ing beyond degree why Southern
Senators should be so enamored OF
this heresy, except it be because
they think it is popular and are
trimming calls" for future prefer
ment. The thinking people are
largely coming to this conclusion
and it will irretrievably split the
Democratic party of the South if
persisted in.
1t would be amusing to note
the inconsistency OF some of
our Southern Senators if it
were not SO serious a condition.
They make a red hot campaign
against "protection" by the Repub-
lican party-mauy of them erthus~
ing the people for Free Trade
all for "Tariff for Revenue only"
in all departments of manufacture
ing, Gn which latter we agree with
them0 yet when it comes to the
silver question they demand a
tariff for protection of the silver
LINES of so to 80 per cent. Cons
s;stency? Yea, they get eff of the
Democratic Platform and abuse
Mr.. Cleveland for sticking to the
Platform. $373,S96,29S coined
silver in the Treasury which
no creditors of the government
want in payment of any debt due
them, and still intelligent people
are demanding more-an atn1anaite0
quantity more-of the same neg
lected, rejected money. This des
maud Gf the proposition prevails)
makes the government responsible
| for the A cents difference in each
dollar coined on this basis, and the
government must pay this differ
ence, without having received any
equivalent therefor. Who has to pay
the Liabilities Of the Government
The politians? Oh no! Generally
they are the waros OF their respect-
i've political parties-living on
the Government, drawing salaries
from the Government. 1t
is the people, the sinew and
brawn-the laborirg man, in
field and factory, who, by toll of
body and sweat OF brow pays the ex-
penses and debts of the Governs
ment; and these are the people who
will have to pay A cents on every
dollar coined for the silver miner
not. of these United States only,
but the "free and unlimited" coins
| age of silver takes in the mines of
the world. A profit of 80 per cent.
will draw silver from the remotest
mine on earth to the mints of this
country. How long can the labor
of this country stand such a drain?
How long carry such a burden!
Fine oratory, demogogical balder-
dash In behalf of silver, .'from
creation to date," don't change the
actual fact facing, us in this pros
position.
In conclusion, The ARGUS is in
favor of bismetalism, currency of
silver and gold. Let the gold miner
take all his gold to the United
States mints and every 2sB grains,
or thereabouts, be coined into a
dollar (the market value the world
over) and be returned to him for
the market value of the bullion