The Dawson news. (Dawson, Ga.) 1889-current, 1895-04-10
PoST0FfIcES, FINANCES AND BUGS

no0C, as dSSOCldIc COuuSCl WIN WV ~
ma Vista Patriot, for the goldbugs in the
great issue that is now being tried before
the people. In the course OF a some
what heated reply-too heated, bearing
in mind the close proximity of summer
Editor Pendleton reciteS how he crme
to be commissioned as pOstm lister at al
dosta and goes into "A lengthy dIsse1ta-
tIbn on finances and bugs.
That's all right. We congratulate the,
Times editor upon holding down the
lob. and the people of ValdoSta upon
having such popular and capab lie and
accommodating postmaster as Charlie
Pendleton-an able and conscientious
gentleman who is earning his salary
Thanks to him for the explanation, and
for the further statement that he had
been warm supporter of the president
in three campaigns. We insist, howev-
err. that he could have covered this last
statement by simply saying that he was
an "original Cleveland man" The
News, too, was an ardent supporter OF
Mr.. Cleveland for the nomination, and
We still admire many of his sterling
Qualities. But, like many Others, we be-
lieved that after he had been placed at
the head of the .tional ticket he accept
ed the enunciations of the Chicago plat
form without mental reservation. Time,
however, shows our mistake.
Now, to the main issue. Editor Pen
dIeton snatches few moments from his
official duties presumably to elucidate
the interrogation of this misguided con-
temporary" if the Times really believed
that a gold dollar would ever buy two
United States silver dollars. Instead of
doing so, however, he plies the gimlet
himself, and dishes up, in the following,
ancient history with which every school
boy is familiar:
1--WE wish to ask The NEWS If it re-
members the time Ia little more than
twenty years ago. when one United
States gold dollar would buy three
United States gre3nback dollars? Does
The News think it impossible for histo-
ry to repeat itself? X X Call this
the 'yawp of a gold bug or the squawk
of tumble bug, as you please, these
principles will prevail, and many OF the
blatant shriekers after the president S
scalp, who are not constituencies, WI
be heartily ashamed of their folly in the
end"
t. 1roe mummy uaarc aro duri no the
civil war, that gold dollar bought, more
correctly speaking, TWO AND HALF
dollars of greenbacks. This was so be-
cause the federal government suspende d
the coinage of gold during the war and
issued vast stacks Of paper money with
which to defray the very heavy expenses
of that unpleasantness. England and a
fewirich individuals in the north bought
up and boarded what gold had benin cir
culation, and when there was demand
for the yellow money would not let it go
wi thout a premium. Directly after
the war this fictitious value fell
and one gold dollar bought one
and half dollars in green
backs. and when the boarded gold final
ly found it's way from the chimneys and
stockings and other hiding places the
greenback dollar advanced to par and
became equal to the gold dollar in pun
chasing power, and was afterwards re
deemed 'by the government dollar for
dollar. Even in those times, when gold
was at an appreciated value, an abun-
dance of other currency in circulation
made times prosperous, and cotton sold
for nearly 80 cents.
The conditions are now Numerically
opposite We are at peace with the
world, and the country has beer put on
gold basis. Under this financial regime,
with the money of the common people
stricken down, we are undergoing dis
astrous business depression and cotton,
the very hope and cornerstone of south
ern prosperity, is bringing but little
more than four cents.
"Ephriam is joined to his idols, how
ever, and it would be waste of time to
70 try to crowd into head filled with
gold the belief that parity could be
maintained between gold and silver by
wise and conservative legislation. Suf-
flee it to say we do not believe that, in
the ordinary course of events, gold
dollar will eyer buy more than one Unit
ed States silver dollar, with the coinag
of both metals looked.after as demanded