The Canton times. (Canton, Miss.) 1893-1906, 1894-11-05
BI-METALLISM.

most prominent and important one or
national issues until after the next
presidential election. Upon this sub
ject the common people are not posted
If, indeed, are many Of those who seek
to instruct them, whilst many poll
ticians or partisans would wilfully
pervert the truth for personal or party
success. We do not profess to be a
great financier, but to have ideas on
the subject and being after the truth,
shall give them. that those of con-
tary views may combat them, and
the people draw their own conclusions,
We do not believe in monometalism,
that is one kind of money alone, but
but do believe in a single standard OF
prescious metal of most intrinsic and
liked value to which all other metal or
psper money should be subsidiary.
The plainest farmer knows it is irnpos-
sib)e to make two thing, unequal equal
and that it is more difiicutt to keep two
things at one thing all the time than
one thing. The experience and prac-
tice OF the world in all ages has taught
taught that precious metals must con-
stitute the meney of the world by
reason of their real inherent, higher
and more permanent value than baser
ones. Gold and silver have supplied
these wants from the dawn of creation
with few exceptions when Dations
have attempted, unsuccessfully to in
vest inferior metals as iron and copper
with forced value. 1t is fact that any
kind of money paper or metal which
has to derive its legal tender power
from legislation is branded with in
feriority at the start by such enact.
ment. and must inevitably depreciate
Govern merit fat cannot create value.
STATURE forbids the carriage OF
vlcuums." as.
Gold being the scarcrr and more pre- |
cicus is consequently the more fixed in
its value and should be the standard
until such time as silver or some other /
il dividual metal, If ever, should take
its place by becoming more valuable
An evidence of the fact tender gold.
silver or paper money TO the humbiest
in payment OF debt and
they will invariably take the gold and
the eye glister and the hand fondle it.
Silver should be used in commerce. and
trade as well as paper money basel on
DIN for cnm merce; but both should be
ensured in value by gold Gold is
now coined at the minis free to the
older of the bullion whice is gold OF
.ertain degree of fiueness. The al
-oca,es of free silver say that silver
.hou,d he coined for the holder OF the
silver bullion in the same way but ne
must give 1s ounces to the gold holder
, IN oct the same amount OF money
,,a.:,h n. ;t.elt brands silver as sixteen
lines baser thau gold. Any holder OF
tbese metals from any part OF the
uorld could under these privileges
b,.;, NO them and have them coined. In
The early history of this government
when dollars of our 'dadies" so otteu /
.no,.en of were made under these
dual coinage privileges, which existed
hen. and before the discovery OF
4 nstral,an and other foreign mines ana
- o,r nation California, COLORADO,
and other great Nortn"es-
ern mine operators, it was all rlent'
,,t their vast mining enterprises bring
=. the silver output in this country
lone from $3.50, 900 In 1850 up TO 30
"a ss5 in 1891 with corresponding
ncrease in other countries the value CT
Z, ~ decrease 30 that congress which
=. alone "the power to coin money
-a reoulate the valne thereof" stop
"A The free coinage of silver in 1873
e called decentralization which is
!, true. Every dollar in existence
nd aimee is maintained by the
..rrmept in circulation at full par
,.,ne Of 100 cents Congress seeing
! a. the unlimited coinage OF SILVER
na,r thi. great influx, was widening
r;tv between lie and gold to such
n extent as to drive gold out OF circu
49,, because men retired it fearing
!. aenreeiatiou of silver and its MAY
- zeal value having fallen and the
o.srument being bound for the de-
renee between its real and coin value
.,,,v restricted It's courage SO that