The Monticellonian., 1894-11-02


 Besides, europe Is indifferent in commerc,si i transactions as to the size and ratio of our | coins. She takes gold only by weight sho | would as soon have gold bullion as gold coin Some people imsgiDg that England objects to the free coinage of silver because of its depre. 1 eiated value. That is a mistake. It was not | depreeiated when she had 1t demonetIsed She would not now have 1t remonetized at any rs- 1 tto, because the necessary effect would be to reduce gold to it's normal value and thereby d. minish the value of gold bonds.
 For the reasons indicated sbove we are in fs. yor Of the repeal Of the act of 1873 and the res. i toration Of the free aud unlimited coinage of silver as provided fer by the act of 1792 We believe the simple repeal of the act of 1873 will 1 bring gold down from the exhorbitant value l and purchasing power to which 1t has attained | by reason of legislative favoritism.
 We arc unwilling that the debtor should be required to pay in money the standard Of which i has been doubled in value by fraddulent leRs. | latior. This is tyranny and oppression which has no parallel in history.
 We think It would be mistake to imagine | that the present situation can be permanently relieved by initiating the currency with bank i paper We appreciate the utility and advan- 1 tag0 Of sound paper currency but it will be 1 remembered that bank paper is not primary, | but only SCI ondary money, bank note, like l any other promissory note IS nothing but an | evidence of debt, and it's value depends upon i s!.o Gas.aat5nahoe of a reserve fund oi primary l coin money with which to redeem 1t on demand. l 4 merchant may discount his promissory note i to tide over temporary pressure, but he must 1 not delude himself with the idea that he has
 increased his cash capital when he has dis counted his note. So long then as bank paper l must be redeemed and the only primary money | for redeeming it is gold, the supply of bank | paper like that Of gold upon which it Is depen- aent must be re%.ricted. Silver, however has a purchasing power of its own, and If the gov. 1 nj - du1u al fa ho pal a,zI give it the same privileges as gold it will take care of itself and so far from needing to be re- deemed, 1t will itself furnish a redemption fund II may be asked why the necessity of forming q silver club and promulgatfng this address. Our apology is found in the fact that while our last democratic state convention, by it's plat. form, demands the free coina 70 of silver not one of our candidates for congress. although each Of them is an ardent advocate of the free and unlimited coinage Of silver, has ever, so far as his speech has been reported in the pub lie press said a word on the subject during the present campaign. This makes us fear that they not sufficiently alive to the importance of this issue. A large proportion of bust ness men and bankers are opposed to free coin age. We believe 1t is because the question has never been studied and discussed. The public needs educating. Two Of the leading newspa per organs Of the democratic party in this state, the Arkansas Gazette and the Arkansas Democrat, are a so understood to be opposed to the free coinage of SilVer-at least they per sistently decline to say anything in it's favor and it is well known fact that the principal stockholders in each paper are believers in the single gold standard policy Of MT. Cleveland We think it unprohtable to discuss the tariff no candidate for congress proposes to undertake it's revision in the immediate future. We see no other means, then, ofprovokng pub lie discussion and educating the public mind except through the organization and instru mentality of silver clubs. The free coinage Of silver is one of the greatest questions that will como before the next congress and enter into the next presidential election, and our repre- sentatives ought to be advised and instructed as to our wishes.
 The question is one that will not down al the bidding of gold bugs. Our people starving with flour at S3 per barrel They in rags 4ith cotton at cents and wool at cents a pound. There is an abundance of money in our mines which still retains it's purshasing power but our government will not coin it or allow us to coin it. We are blindly worshiping the gold en calf
 We are amazed at our neighbors in Memphis, Tenn. In the second largest cotton market Of the country, with cotton selling at cents pound, they have nominated for congress pro. nounced enemy Of free silver. In our opinion this is on their part llnaneial suicide,
 By order Of the Little Rock Silver Club.
 J T. N. TILLAR President.
 Attest: C. s COLLINS, Secretary.