The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1895-05-23
The Democratic Party and Silver.

HENDERSON, n. c., May goth 1870.
Eu1ToR GOLD Leaf notice remarks
of Atlanta Constitution, OF May 9th, re-
garding ex-Speaker Crisp's position on
the silver question. 1t says, the repudia-
ton by the administration OF the Demo-
cratic platform, and its refusal to adopt
the course which Mr.. Crisp says the
people demand, has come 80 near kliling
the party that it's only hope of salvation
ia its utter and absolute reputation OF
the regulators. :.
II the party had been true to It's
pledges it would now be in an impregna-
BILE position, instead of being mortified,
Inundated, detected and routed, having
allowed traitors to lead it into the en-
emy's camp. notice also the able reply
of MIR. Labouisse President OF the New
Orleans Cotton Exchange, to Mr.. Edward
Atkinson, President of the New York
Cotton Exchange. The form represents
the toiling masses, the latter spectators
and gold-bug capitalists. He fully dis
cusses the prices of cotton, reaching from
1915 to 1864, giving the number OF bales
| produced and prices obtained during the
intervening years, advancing reasons
| why the prices have so fluctuated, and to
me, Che says) the fuctuatiOn IS PLAIN.
| 1t is a matter of history that the output
OF the mines OF both gold and silver had
shrunk to comparatively small proper
tons in the early years OF the decade
1910 and 1850 and at that period the
average price of commodities had fallen
to an exceptionally low level as compared
with those in the earlier part of the CEN
fury. This indicates the relative con-
traction in the amount of the metallic
| legal tender money OF the world, and
consequent reduction in the general level
of values, but in 1S4S and years immedi-
ately succeeding the mines OF California
and Australia, and coincdent with that
generous gift of nature, came the better
trade conditions that manifested them
solves through rise in the general level
of values. Speaking of the decline OF sill
yer, he states that it is due to it's BAN
ishment from the mints and its depriva-
ton of the imperial function OF ultimate
legal tender money of ultimate redemp-
ton. No inherent vice has been shown
in the metal and it's apparent debase-
ment is only due to human legislation.
1t is evident that when currency con-
tracts commodities fall below Their leeit-
innate value, but when inflated they bring
their true value, hence it is by demOne-
thing silver in 1873 was the foundation
of ali our woes \ large majority Of the
Democratic party favoring the free coin
age of silver West and South will unite
on this great question. 1t is OF vital i'm
portance to the people of those sections
because they are an agricultural people,
but the spectators and goldbugs will 40
all in their power to prevent recogni-
ton OF silver as money because it is to
their interest to have q contracted cur
rency, in order to continue the robbery OF
the masses. The year 1896 will witness
the disruption OF the old parties. Free
silver Democrats and Republicans will
unite against gold standard Democrats
and Republicans. The line will be strict
ly drawn, and the silver candidate (the
money of the people) will win.
| CONSERVATORY.