The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1895-08-21


the gold bug speeches, and they hAve
neither, I ! el 7 facts nor argument to susthin
their position.
Bnt.solne will say to me You are
a33furitan, when you deny that YOU
with error. y a I a 81 q ll1S E
/ wish that there was some man
here to get up and throw rocks at mo
gold rocks. I wants to-, pitch into
somebody GO bed th.at en-! |a!..,,:s
ready to pitch into Butler little. for
| am such a rock thrower I. hardly
know soW how to make speech along
any other line r. as r
Money is the medium by which wo
exchange commodities. Bartering
was cumbersome scheme. Some
thing OF value was needed for O. me-
dium; gold and silver coin fit theYbil
For q long time these metals WelSe OK
changed by weight in all counANses.
But this too was cumbersome. YTle
governments coined the two metals TO
facilitate exchange. The world got
along very we'll with this scheme. It's
only in the last twenty five years you
hearthem say we want only one Of
these metals for standard of7ya3ufA
and let that be fixed. These-tWo metals
have an intrinsic value. The only
other money Is paper money, and pro-
missed to pay the gold or silver. This
is It provision of law. Carlisle saws
law cannot affect the value Of these
metals. This is false because gold is
made the standard. You can carry It
to the mint and get it coined. You
can't do it with silver, because It is
contrary to law. Melta silver dollar
and q gold dollar. The silver iusa dol
lar will be worth only 30 cent Ssh ssssissat
the gold bullion is worth 100
Law makes it SO. Go and getf It recc$1 81.
and see. f s
Colds as much fiat money as silIbr
Tie law says silver dollar is do1)ar
and then that it cannot be recoil3S.
And this is tho wrong that is Hne
you silver is driven out and defkel
mintage. Political economists are Nall
unanimous on the law of supply and
demand governing price.
II articles are plentiful, the prizes
go down, and vice versa So it is with
gold and silver. AS long as the coih-
age of both metals was the law the
would prospered.
The description of silver as a monty
metal and refusing it mintage destroy
ed ono-half of the money of the world
| and the consequence has been a con
tinued and prolonged fall in prolong-
ed fall in prices. The result of this
conspiracy against the people has been
ground between the upper and neither
mill stones till they can't get another
drop OF il, (Applauso.) II you con
tinue tosupport this scheme Of robbery
by your votes, you should be put in q
lunatic asylum. Why was silver de-
| monetized, sneaked through Congress
and signed by the President without
anyone knowing anything about it ex-
cept those who were in the conspiracy? z?
In 1878, whom this iniquity was per
petrated, the United States owed SS}
5O0,000,0 900. Sherman and his crowd
| decided that if they cut off half of the
yard stick they could increas thevalue
Of this debt to those who held it The
panic of"73 followed the demonstration
act, but it was several years before the
people found out what was the matter.
The agitation Tor the remonetization
of silver resulted in tho passage of the
| Allison Bland bill over the Presidents
veto. This, however, only provided
for the purchase Of 80, 600, 600 of silver
q month for coinage, but not for free
coinage. 1t was o compromise, the
best that could be obtained at the time
While there was q majority in favor
| Of free coinage there was not enough
| majority to override veto. The gold
bugs then made dire predictions of
disaster, because of the declaration by
Congress that all OF the obligations Of
tho government were payable iii coin
and the partial rehabilitation of silver.
l5ab 5s YaS sssia!a eg the gold BUGS 1!eat tA&
national credit would be injured anh
that the debt could not be refunded5
except at very high rate of interest;
but the prophets were liars then, as
they are liars now, for the bonds were
refunded at and 81 per cent, and
some were even continued at per
cent. rather that accept the money for
them.
Now, they tell you that silver
dollar is worth only 80 cents. They
tell you that we want to pay our debts
in 50cents dollars. Lying thieves,
they are, when they say this, for we
are paying them with 2O0-cent dollars
20 illustrates: India is on a silver
basis and the Indian cotton farmer
when he sells his cotton in Liverpool
boys 50 worth of silver for every dol
lar Of gold he receives, in effect receiv-
ing 10 cents q pound with which to
pay debts, while the American farmer
receives the gold and must pay his
debt with it at the rate of B cents
pound for cotton. So it is with wheat
Carlisle says that if we restore sill
yer to free coinage we will rob our
dear English creditors and Northern
creditors. I've no patience with the
fellow who says stand still and let me
get that other dollar. (Cheers.) This
whole scheme, and all the plans and
predictions Of disaster are simply to
frighten the people into remaining
quiet, while these robbers steal our
earnings. They say that the govern
ment must go out of banking. What
is it doing in banking? This means
the retirement of over five hundred
million of paper money and silver Ger.
tificate and greenbaclss, and the iss,,-
ance of gold bonds. That will further
contract tho currency. They have
not only robbed YOU; they now want
to rob your children. The bonds OF
the United States are selling away up
yonder above par, showing that the
people of other countries ana our OWL
want them. Why can't some gold
gree1nback paper be as good Si
interest from tho people, and give vol
a paper currency, based on what9 Is
it tho intention to have the National
banking system enlarged on q gold
haais q lcnn n,ad ,nn1.n Az e.o.a,.,, g;