Crittenden press. [volume] (Marion, Ky.) 1879-1907, 1895-06-06

for our benefit. They send them here De-
cause they get ~ much security and more
rates Of interest than they get
At home. Your gold would not go abroad
the other nations Of the world would not
send their silver here. They would make
nothing il they did they would lose by
the operation; they would pay ocean
freights both ways and add enough silver
out Of their private pockets ~ bring their
ratio up 10 ours and then go back with their
silver worth exactly what it was when they
started. They are not idiots.
But Mr.. Carlisle tells you that you must
not remonetize silver, because IL you do
the banker who has the gold will go with
his gold dollar and buy 81 worth OF silver
and 20 to the mints and have II coined
into two dollars, where be originally only
had one. Do you believe such transparent
sophistry ~ that IL that silver bullion
we're worth 81, the banker would never buy
it for one dollar of gold unless he was
trading OF trstiicking with fool. Why
would man who owned two dollars
worth Of silver sell IL for one dollar in gold
when he had the same right to go to the
American mint and have two dollars made
out Of it, as the gold purchaser would have
after the transaction You can not believe
that
But they insist that the silver dollar is
a dishonest dollar | do not believe il,
but IL did | would say retire Il from cir
culAtion Honest men do not advocate the
circulation Of dishonest money. They say
the silver dollar is only worth fifty cents
where it Processes TO be worth one hun
dred Then, for heavens sake, retire 1t.
That is halfway counterfeiting. What 10
a counterfeiter A man who pushes upon
the public that which purports to be worth
a hundred cents, when, In fact il is worth
nothing How much better than n coun-
terfeiter is the man who proposes 10 con.
tinue to force upon the honest people that
which purports to be worth one hundred
cents when il lie only worth fifty cents ?
Il not he half Ne bad as the counterfeter
The law sends a counterfeiter ~ the pen.
itentisry when il gets its clutches on him.
Whist ought 10 be done with him VINO ad-
vocaes and puts out dollar worth only y
half dollar II there is halfway place
between this temple Of Justice and the peni
Tertiary he should be sent to that. A coun
terfeitsr is felon, but the halfway counter
feiter is dnancier. applause
II | believed the silver dollar was dis
honest dollar ! would not be willing Il
| leave one of them in circulation when that
sun goes down to-day. Not as long ms
claim ~ be an honest man. But ! DOM
believe it. What do you mean by an hon
est dollar ! believe that an honest dollai
is that coin which represents one hundred
cents worth Of your labor or the product %
your lsbor-Anything that in the opel
markets Of the world will buy one hundre,
cents worth Of an honest mans sweat 81
the product Of an honest mans toll.
think that is An honest dollar which will
pay one hundred cents Of an honest deb.
and do not think that all money Is dis
honest except that which represents tn
clamoring claim asserted by the gold holder
do not mean that no dollar is honest e1
cent that which hDarder and handler G
money claims / hold that any dollar
Al honest dollar which will command on
hundred cents worth Of honest toll In th
open markets of this world. Applause
-''"". g NOT s625, 900 900 T
TAKE FLIGHT.
ne Secretary tells us that if Won ge, fss
100 OF gold out Of the country. | den
that there Is any such amount Of gold /
circulation In this country now, or tha
there ever was challenge his figure
and call for his proof lie can not sho,
that there Is to-day or ever was any sucl
amount Ms s6260O0, 900 Of gold in circula
tion among the American people. How doe
he get his estimates From what quartz
does he draw his figures What author
ity has he for this assertion He know
there are ninety odd millions Of COL,
stored away In the Federal Treasury. Ths
is not in circulation among the people
For, unless you are provided with n crow
bar with which 10 break into that Fedora
Treasury, will warrant that you can moi
get your clutches on IL. But admit that il
is 10 circulation. He know. there is some
thing less than two hundred millions in gold
held in reserve by the banks Of the country
II the law is being observed and we hav,
right 10 assume that the law is being
obeyed. Now, he can not account for a.
much A. three hundred millions Of gold
not dollar Of which is in circulation in
this country, because the law requires it to
be held In reserve under lock and KEY
where the people can no, yet ut it. And YOU
see he has not accounted for the existence
Of a single other dollar Of gold in this
country.
In 1881 Burchard, then Superintendent
of the Mint, guessed at how much gold WAS
stored away in the stocking legs through
out the country, and the Treasury Depart
ment has been busily engaged In guessing
ever since. He can not account for ms
much as $SO0000, 900 instead Of S625, OOO.-
600. But suppose it did 90 out Of the
country. He says money would be chea per
| thought the scarccr money was the
dearer Il was | thought IL was more diff
cult 10 get hold OF dollar if there was
but one dollar than if there we're two in
the world. | thought the less money YOU
had and the higher the rate Of interest the
better IT was for the money lender; |
thought the more plentiful money was and
the lower the rate of interest, the better il
was for the producer and the American
masses. That is the rule of common sense,
md It is the rule upon which we have ever
'cted. But the Secretary tells us that be |
lss made this discovery, that IL you expel
1875, OOo,ooo of money from your midst
Whit is left, because of its depr.ciated |
will be cheaper, and all prices |
will advance but the wages Of the laborer
will 20 down. This Is u new discovery in
political eccaomy. Who ever heard of the
price of labor shrinking when prices were
booming and advsncing3 Are you TO be
hoodwink ed with sophistry like thisf
But he tell ms more. He does not deny
that since the passage of that act of 1873
the general tendency of prices has been
downward. He does not deny that all
values have shrunken since that law was
passed which demonetized the silver metal
from 40 10 90 per cent Your farm prod
ucts have gone down. Your farm lands
have gone down. The products of the
men in the workshops have gone down.
The product Ct the lsborer in ali lines has
go, down. Everything has shrunk In
value except gold. taxes and debts. Your
taxes have not sh-unk, your debts have not
dwindled. l wish to God they had gone
down In proportion To your property and
your toll. But the thousand dollar note
that you owed 10 your neighbor stood in
tact. Ii mover shrunk penny of value
while your farm and its products went
Town one-half in value in the markets Of
he country. Taxes, debts and gold are
he only things that have not shrunken by |
he striking down Of one half Of the money |