The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1895-04-23


tIua-Hc Was q 5seteeats 10 the
Monetary Conference,
~Specialto Albania Constitution.
Senator John +. Jones, OF Nevada, Ia.
at the Asvor house Senator Jones was
a delegate TO sho last International.
monetary conference held at Brussels,
and was also named as a delegate TO
the next conference but declined to
serve. Senator Jones, of Arkansas, was
named to fill his place.
Senator Jones spoke about silver ana
the part he thought it would play 10
the national politics of this country
during the next two years. He said In
reference to the next international
monetary conference 81 declined TO
be a delegate because 1 believed tbatit
would be time thrown away. AS q dele
gate to the last International confer
ence ! was placed In touch with the
financial centers OF Europe.O q feel con
vinced that the next conference viii be
a sham and q mookery. The delegates
will meet, pat each other on the back,
fiatter each other about the greatness
of their respective nations and adjourn
without doing one thing to ease the
financial ills of the world. / wanted
nothing to do with it. The whole
trouble is traced to the bond-own ming,
money-lending bankers of Europe.
There is not a nation in the world that
can go to war without consulting these
money lenders. These men monopolize
the money of the world. They grip q
nation by the throat and relentlessly
throttle 1t, 80 that they may squeeze
out drop by drop it's llfe-blood to get
fh air ,tottntnt,O ~ t.s rnct- Tt T., z.ts,a-nl
that these money sharks have accumu-
lated $4,000, 000,0 900 of unearnod incre-
ment, and yet they relentlessly main
tain their course Of nation wrecking.
When a monetary conference meets
the hand Of this gigantic combination
Is felt and the conference is compelled
to throw 1t a sop, and the result is sheer
foolishness.
"As to silver ITSELF" said Senator
Jones, "the sentiment is growing. The
odd feature to me in all this gOldbug
Cry OF recommendation is that while a
dollar may go below par it never goes
above. When q silver dollar gets down
to a value of so cents then the report
OF a deprecated currency is made, and
bankers say that money is cheap and
the volume must be reduced. In the
great silver fight in the Senate, when
the Sherman silver purchase act was
repealed, l made the assertion, and de-
fed any n to refute it, that there was
not $40, 000, 600 of uncoined silver in the
world today. 1t could not be contra
dicted. Decrease the volume of money
and just SO surely you willdecrease the
volume of business. When | was q boy [
worked in a bank as a bOokkeeper. That
was before the gold fields of California
and Australia were discovered. Money
was tight, and yet the cry was that
there was too much money in the world,
and interest was as low a 3, 4 and 5 per
cent. Then came the discovery of the
new gold fields and the volume OF money
in the world was doubled. The result
was that every n had money. Bust
ness doomed and interest jumped from
3 to 8 and 8 per cont. Interest is the
barometer indicator of Il nations pros
rerity. The banker and money lender
says today that there is too much
money in the world and points as proof
to the fact that interest is down to 2
and 3 per cent. Then came the con-
spiracy against silver in order to make
gold go up. 1t is all wrong in theory,
and the practice makes. the distress
that the country feels today. III you
had ST ,00O,0 600 at this moment what
would you do with it? You would go
ouo diu Odih "lUu DuSluCSS lucn anu
promoters. On every side you would
meet with gloomy forecasts. There is
apparently no money to be made any
place, and as n result you tuck your
money in the bank or in your pocket
and wait for better zines. The only
relief is to swell tho volume Of money
and business will follow, and u new era
of prosperity will open to the country.
Now, how arc you going to swell the
volume of money? There is in the world
today 5000, 600, 900, 900 Of money. At
least that is the estimate, but | do not
believe that there is that much. Now,
in order to double the business of our
country you must double the money.
Interest will jump from 2 and 3 per
cent to 5 and g per cent when the new
order of things is established and the
merchant and business man secs a
chance to go into business where he
will make money. But just here we
are confronted with an obstacle. TO
double the money Of the world we must
secure The sum of $500, 900, 900, 900 in
current specie. There is not that much
uncoineu money in the world. AS
said, there is not $40, 600, 000, 900 of un-
coined silver, and there is less gold.
| Where is it to come from? The idea
must be worked IL as fully as possible
with II II Coin tho zone that
Is in uncOined metal. Then You come
back to silver. The increase of money
will be felt and business will grow us
the volume OF money grows. Then as
business grows money will come out OF
tho ground. 1t will be the fruit of the
nations prosperity, and eventually as
the volume of money and the volume
OF business increase III u ratio you will
arrive at the end you were striving fol
in reviving the nations business, which
has been Frustrated for two years past,
ind it all a be traced to tho Juggling
with u financial system; the attempt
to secure an elasticity of currency tina,
will contract when interest is low and
expand when it is high, and o on. II
is all II mistaken theory and will he
righted in time"
Enere are people who never
recognizes n another in church, but