Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1894-08-24
"HoNEsT MONEY!


courageous advocate of financial re.
form up in the midst of the Eastern
money brabbers, who would squeeze
the life out of tho common people in
order to enrich themselves and, in
deed, are doing it every day we live
through the iDstrumentality of fed
oral legislation. The Philadelphia
Maeufacturer, the official organ of
the great manufacturing interests Of
Pennsylvania, his resolutely and with
boldness, stood up always for tho
money of the Constitution; aud, time
and again, has it demonstrated by
facts that are convincing and logic
that is incontrovertible, the criminal
character of the intrigue which re.
suited in the denomination of silver.
The papers of the gold standard and
many of the good, but ignorant poo
pie who advocate recommendation. have
Il vulgar, but harmless habit of speak.
ing in derision of the advocates of
bmetallism ns "cranks" and Of tho
issue itself as ''craze.r This is be
cause they do not know that men
like Hamilton and Jefferson and the
early fathers of the Republic, and
latter day statesmen of the best type
in America, and men like Goschen
and Balfour in England, earnestly
advocate the double standard and in
woke the experience of history to sus.
tain their position. The day when
this overshatlowing question can be
brushed aside with trivial expires.
sion of contempt is gone. The day
when it can be managed" for plu
tocracy by the beneficiaries of the
gold system in power ut Washing.
ton is rapidly drawing to n close; and
the day when superficial and vicious
press can no longer deceive the peo-
pie about their finances is not fur dis
taut
Taking up the stupid, but decept.
i've. catch phrase about "honest
money" the Philadelphia Manufac-
turer, edited by one of the best in.
formed men in this country on eco
Monies, asks, "what is 'honest mon
ey?" and then proceeds to answer
the question in way that goes to
the very marrow of the subject and
exhibits to the public the stipend
GUS robbery which has been pr acticsd
upon the producing classes of Ameri-
ca for nearly quarter of century
Honest money, it says, is money of
stable value. 1t is money, which be
ing tho equivalent of ten bushels Of
wheat when debt is contracted, will
not he the equivalent of twenty bush
els of wheat when the debt is paid
Honest money, as the British states
man Mr.. Balfour expressed it, should
be fair aud permanent record Of
obligation over long periods of time. y
If the dollar rises in value or depre
cates i'll value it is not an honest
dollar, but fraud. 1t becomes
merely ali houcst instrument of rob
berry. A producer who borrows mon
ey, prys ultimately with the com
modities that he produces. If, while
tile debt exists, The dollar be so en-.
HANGED in value that he must give
moro commodities when he pays than
be could have bought with the money
that he borrowed, he is the victim of
IL dishonest dollar. The gold dollar
is now worth quito twice the value il
had in 1873. 1t has been rising in
value for twenty years. 1t began to
rise because silver, by mn arbitrary
and VIII billy unwarrantable act of log
islation. was domonetized. That gold
dollar, now defended upon the plea
that it is ''honest," has been the in
strument of the most stupendous
robbery the world has ever witness
ed. 1t is the tool of plunderers com
pared with whom Captain Kidd was
n mere innocent.
With this ''honest money" every
wealth producer in this country has
been robbed But the method OF
the operation may most readily be
explained by taking the case of the
governmental relation to it's credit.
ors. The money actually received
from loans by the government of the
United States between 1862 and 1868
was Sl,371,424.258 These loans
could have been paid, in the express
ed forms of the contract, in silver o,
in greenbacks. Long after they were
made, it was agreed that they should
be paid Gin COIN" At this moment
there is no obligation in law to pay
dollar of them in gold. In return
for the loan of less than !,400 mil
lion dollars the government has al
ready paid back in interest, premiums
and on account of the principal, 81,
1852, 100000. OF this 70 complaint i.
made. 1t was hard bargain, but il
was bargain. But, much of this
obligation is paid to foreigners and
paid in commodities. Since that deb
was contracted the value of thu colo
dollar has, by conspiracy, been Sc
much advanced that, whereas in 1865
we could have extinguished the who'll,
debt with 1000 million bushels o
| xvlNnOt hoyo 81. Al