The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-09-04
lions of gold in the treasury2

llOnS Ol POlu IN the treasury?
We will be compelled to borrow more
gold and again increase the national debt,
and this course must be pursued until
final collapse comes, which must come
sooner or later
We have only y two methods of securing
gold. One is by selling our products abroad
for gold and bringing it into this country
In order to 10 this we must sell cheaper
than India, China. Jnpnu i Russia
! OF wil:si countries are on silver basis,
with tue gol reserved fnr var purposes,
and which is never used
This countries proIlnco on the silver basis
and sell on the gold. while onr people pro-
duce OF the gold basis-wh;ch is so per
cent higher han the silver basis and sell
in competition with these ASiatics in the
European mar'lcts on Il gold basis. They
have IN enormous advantage over us,
which EotE;ns but retarn 20 bimetallism
can overcome.
As long as we are on gold standard and
those countries on silver basis there is no
hope that We car undersell Them in any of
the nnrketS of the world.
The other way of acquiring gold is by
borrowing It, and when We borrow we
r,ust expect TO repay II We are not able
to meet our obligations in gold now, what
prospects have we of doing so when these
obligations and bonds become due? The
shadows which overhnng rs are very dark.
Those which cur Imagination Gao discern
in the future are very much darker 1t is
suicidal in the people of this country to at
tempt to pay in gold
There is not gold enough in existence to
do the business Of the world, and that
which is not already boarded by European
countries for war purposes, is cornerei by
spectators in bonds, who are eager to IN
vo!ve this country in an enormous gold
debt wi:ich i ;Host posi- lively against the
prosperity IF our country anl advau-
!agcous only to a favored few who have
been fortunate enough to accumulate mil
lirus upon millions of the wealth Of the
world.
There is only one way out Of the wilder
ness IN which the construction os tue las
By this and the last administration has
cast us, and that is to return 10 BIN tnllism;
to the use Of both gold and silver Is; money
of ultimate payment; s,lrli 'niravrrtlbt
with the other uako one nS 60" ~ Tie
other which resat can b.. attn:n''l by
simply granting to silver the s.n;. r;:,Lr'
of coinage that are Ell 'ycl by god. and
which it enjoyed before it was ,!r.::nac,
tiZed; by restoring 70 j. tha privilege:
which rightfui!y belong to It IL; !. la'nel
metal ordained by the constitution, anl o!
account of its having been r:;r::! imm"ln1:i
ally alongside of gold as II leg tender in
the rayment Of debts. Make no ,;iscrimi
nation against either metal
II it is to the advantage OF the govern
Dent to pay out silver, let that policy b;
{ pursued; if 1t is to the advantage of tat
government 70 pay ont gold, lc: that course
be followed. The free coinage of bot
gold and silver at ratio fixed by law !!
the solution of the great financial problem
which is agitating congress and the couu
try. There is not enough Of either Meta
alone to do the business of the world
Both are essential to prosperity. There
, was not too much money when both wc:>
used. Surely with the increase of popn!a
ton and business which has taken pac
since 1873-when silver was demonetiZ -
there would not be too much if both wcr
now used.
Free coinage would at once revive Lu,i
ness, stimulate enterprise, lerolve ti'
wheels OF industry, provide work for th
unemployed, increase wages. and Great
prosperity and contentment in this grea
land of ours, which has Of late been tn
field Of so much distress and suffering II
however. the present policy of issuin!
gold bonds and increasing the nationa
debt is pursued. then the prospect i
gloomy indeed. Business will remair
stasnant. and bankruptcy and disaster vii
contiune
Ii the Mckinley tariff act OF 1899 va
the eliminating atrocity of the tittieth con
greSs. then the issuance OF gold bonds il
time of peace to pay debts which we hav
the right and power to pay in silver vii
be denominutea the eliminating crime @
the min, teentil century against the peopl
of the United States, to which the ansh
not and will not submit.