The Caucasian. (Clinton, N.C.) 188?-1913, 1895-08-01

stocks and bonds in gold, to those
members Of our corporations, be-
cause they live in Europe. The div
idends due our own people are paid
IN LEGAL TENDER MONEY.
In the meantime, the secretary of
the treasury, unmindful of the wick
edness of coming silver into 'un-
sound money" coins more than
$33 900. 900 OF this fiat money" to
pay off government servants and
creditors, because they live in the
United States, where a silver dollar
will purchase as much and pay
AS MUCH DEBT AS GOLD DOLLAR.
II your salaried officers should de-
mand their pay in gold. they would
all go out OF office at once, as unpa-
British subject on y in gold.
In the days of Benjamin Franklin
such policy would nave been char
acterlzed as paying too dear for
the whistle"
Tn, $1,000 O. 900 that was placed
y
deem green backs dnder the redemp-
ton act of January Il. 1873, to take
effect on July l, 1879, was never
provided for by law 1t was sort of
"Jack-pot." put up by Mr.. Sherman
that
HAS KEPT UP THE GAMBLING
IN our money.
1t was never needed to give
strength to the credit of the United
States. A country that has paid. in
debts and interest, more than SD,
900, 900 900 in thirty years, could
not Me- d the support of 800, 900 ,O0(
deposited In the treasury to support
its crt DIT. The onIy effect OF such 4
deposit was TO assure men who owed
money III Europe that they could al
ways draw the gold from the treas
ury to meet their convenience. and
to invite dealers in coin 10 cheaper
our paper money so that they could
profit by using it in drawing gold
from the treasury when its price in
creased.
CRAVEN SPIRIT.
When we with a craven spirit OF
subordinatiOn to British demands
abolished silver as a legal tender
coin in 1873, the commercial ratio
between the metals dropped from
Is. 63, in 1872, to 1917 in 1874. and
it went down until, in 1893. it was
2649 to l.
Great Britain had pounded anc
hammered and trampled upon silve,
since 1916 without success, but, wher
she enlisted our aid in this cruel de-
structiOn of values in 1873
SHE WON HER BATTLE
and finally established her domin
ion over all markets and all finance
In 1916 the commercial ratio was
10. % to l, and it never went lower
than 1895 to l from that year un
til the year Of our national shame
the dark year of 1S73-when it wen,
down to 1917 to |, because We
joined Great Britain in her wal
upon silver money.
If Great Britain, during more thar
fifty years of determined effort
could not increase the ratio between
metals beyond 1896 to l, and that
only for single year, until we made
an alliance with her in 1873, whe1
our silver was at 2 per cent premium
over gold,
WHY Do WE FEAR
again to take up this cause of the
toiling world, of nature and of God
and restore to all nations the free
use of silver as a money metal9 I,
was our sin that afflicted the world
why should We not repent of it and
turn from the evil Of our way?
What Great Britain could not then
do, without our help in destroying
silver she cannot prevent from be-
ing undone by its restoration. God
help US to this just and honorable
work, for the sake of our fathers
who first ordained it, and of all
prosperityH
THE BAKERS PRAYER.
In this great liberty at least the
toiler, when he has his rights, is on