The Van Buren press., 1895-09-07

where would b the demand to make
gold worth even 20 psr osat. Of what II
sells for nowf
%. That when golditss tell you that
the gold standard q already nxed fact
In our financial system. and that .
change would be injurious to ''our
business interests, - tell them that no
legitimate business should expect to
prosper on the sacrifice Of the intereets
Of the many TO the few, and that the
maintenance Of the single gold stand
ard has already cost the American peo.
pie many billions Of dollars IN reduced
prices received for exports, and increase
In their Indebtedness, and that It has
reached point now whore We can only
retain our gold reserve by issuance Of
government bonds and hiring . gold
syndicate to act - guardian Of our na-
ti0nAl treasury.
10. That 90 far - free coinage Of
silver causing gold to lsave ~. under
the operation o. the "0reaham law, ;"
or ''cheAp money driving out dear
money" that so-called law simply
amounts TO this, that gold or silver,
either one. Ike any commodity, win 10
where II can get the most for itseR |;
and the eold. No have now ON hand,
snyBody gss slse would under S the e. same n cir.
cumstances. Gold always gravitates
to the level Of lowest prices. and the
because Il got for ITSELF more bonds and
better bonds. on better terms. than II
could get anywhere else.
A~A 49, -
silver. NO gold dollar would leave Ms
without . silver dollar 10 take its place,
and II, - Mr.. Carlisle predicts, eos5,
900, 900 In gold should finally cross to
Europe, that amount would increase,
BY at least one. fourth, tho volume Of
real money thsre, and cause . rise in
general prices In the very markets
whore our people sell their surplus cot
ton, wheat and other products.
~. That the old, stock In. trade ar
gument that the movement In favor Of
free coinage Of silver Il ''in the inter
est Of western mine owners,' II the
same - II men, Interested IN the high
price Of bread, were to denounce .
movement to open the mills to corn ~
simply I'm the interest Of the corn
Carefully prepared tables Of the ap.
proximate annual losses caused by the
decline in silver and enhancement Of
gold, show that such losses on cotton
alone have been 81, 800, 900, and on
wheat alone, In sixteen states, e60, :
$50 900, aggregating ON these two pro-
ducts e155 $50 900. against e18, 900, 900
sustained by western mine owners. -
%. That 20 far from there being
danger Of undue imitation from free
coinage Of silver, the entire annual out.
put OF silver from the whole world /,
available ~ money, would barely sufdce
10 pay the annual pension rolls Of the
United States.
a. That whilst panics may result
from undue imitation Of bank notes, OF
currency, issued upon an insufficient
panic resulting from having too much
real money Of either silver or gold.
As. That prior to the present admin.
istration, no one ever heard Of any real
and prominent Democrats attempting
to justify the Sherman act Of 1878, Of
bowling down TO praise and glorify the
single gold standard then set up, but
many millions Of honest democrats
have been denouncing It for many
4e. That. notwithstanding III tn
power and prestige that has beel
brought to bear, and the money and In
nuences that have been at work In favol
Of single gold standard, and the crowd.
ing Of conventions by federal ono,
holders, mot single democratic CON
vention has dared to declare In favor ot
the single gold standard.
~. That to be ut heart In favor Of {
cause, without the straightforward
manliness to openly declare for II, Il II
itself confession that the cause 4
either weak or else unjust.
46. That whoever controls the purs,
will, In the end, control the sword.
That NO nation can be entirely fre'
that permits its financial policy 10 b,
controlled or dictated from without.
"Who would be free, themselve
must strike the blow. -
W. L. TERRY.
August 90, 1895.