The Caucasian. (Clinton, N.C.) 188?-1913, 1895-05-16

down Nsil b. worih Is s-irht u
coin While The SILVER dollar m.lts 7
down Nlll b. worth bat - oxpf.
Fif'y r.nts "a wh.'s That shAp~l~s,
mass %; silver u boy last a. mael
cotton, wool, wheat p, ifoil un asd
other rhir gs A. 1; ever wsEld- 4,
holds pr-c .~sly the 80 f-laiisu =,
the prod as's oi hpmau f,.i - N ey.,
held. liwIil not hgy :, " aeh os ots
ihIng-ii vail not buy - much gold
Why B..anse gold hA, .on~ up
| Here - n proof of ih- fact that ihs
charg" has bc, q no; IA : lser. bat ir
/ gold We have uo - cent silv, .
dollar. bai 40 have gold doll I
worth apout II -. D-mon.iir- go a.
and silver wall 60 ~ jus, a. :. "a la.
done. The fault lI,s not wl'h a..
metal. Lu; with
THE ACTS 90 LrsIsLATIoS
which discriminate seains, one met
al IN favor of the other
An attempt has ben made 10 ~.
count tor th. fall "f pric,s uoon ii.
theory iha, there = overprolnctl"u
I IL !, uureaSouAhl. 20 ask "a 60 D.. T.
| lisve that there A.- h~-u rgrod u.-
iiou all along the line for twenty
years. and the fact that millions @.
men have
NOT ENoUDH ROOD OK CLOTHING
is suiii irieni to Il. m"ns;ra;e that the
theory is absurd. Take wheat. for
example The belief = general Iist
tins country .o-sian j. .KPapLs ats
wheat-groWlng area la truth. ~.
! have two million res lsss IN wh, at
in 1890 than We had ~ 1850. The
wheat crops Cf ia. world are not q
ces>ive. They DO not increase a.
fast as the r'quIrems nts 'f the popu-
larion Il, maBd.
It is said also that there il over
production of silver. The Mint X. r.
port for 1894 shows that IN. world :
stock of silver was but eighty odd
millions larger than the worlds stock
of god.
THREE QUARTERS OF THE PEOPLE
! of the earth use silver alone. Those
who use gold also use silver. Thus,
/ the demand for silver exceeds ,h. de.
m.nd for gold. aud yet the supply i,
/ little greater. Tn. overproduciiou
of silver IL not fact, bat a d.lu'
sion.
Why and how was silver demone
tiZad' The purpose was To
INCREASE TIE dEBTs "F THE PEOPLE
This country. for example. Is enOf
mou.ly in deb, 10 England. England
produces hot enough wheat 20 fees
her people. She gr"w- no g tt"n fcl
h,r mills. she hss no silver mines
Would IL not =. good thing Tor he
to arrange that we should pay GU
great debt to her IN wheat, coiton
and silver al half or one thIrd pric.
Where greed j. apparent. II ~ no
worth while, IN such eases, TO lool
for any other motive. Gold mono
rnetalism. like free rrsdr, A. - briii-i
invention; IL is "A device of the cred
itor for the
ISIIRY OF THE DEBTOR.
Monometali-m as device for op
pressing debtors Is rot novelty
: Holland aud Germany both demone
= ,ized gold after the California GO,
! deposits were discovered. becaus
: silver was more valuable. The Eas
India Company forced upon India
r silver basis for the same reason
. How was SILVER drmonetIZ-d' IS
. lentiy.- says President Andrews j
D his history ol the United Safes. TIL
B American people never voted uro
= the question The deed yas done ]
: 1873 actually
WITHOUT THE KNOWLEDGE
Of many OF the men who were slleg,
e to have voted for II in Congress.
. The gold dollar thus, ty siealil
: set up as the standard dollar, is col
> tinually alluded 10 a. "houes'
4 money. the implication being thi
n the silver dolla- is dishonest none.
= Bot is il honest money that groE
more valuable every dG.i j.
honest money that records a debt
" ten bushels of wheat and compe
payment of twenty bushels. is
~ honest money that makes our naiio
al debt lar larger, in terms Of whe
10 and cotton. than il WAS orIginall
no after more thai half the debt,
terms Of dollars. has been paidi
- The only honest money is stall
money. As Ri Hon. A. J. Balfo
~ puts II. Money should be a fair a.
10 D. rmanent record of obligation ov
- long periods Of time" The mon
r which
Ut DOES not CHANGE IN VALUE
T.. In its relation TO commodities. q
:, that alone, is homes; money. Nj
4. down ten silver dollars, and the n
.s bullion will buy as much wheat
co,t-n or petroleum as IL ever wou
The relative values have not char
ed. l. not silver, indeed, really I
honest money:
The claim is made for gold that
OF is tn, best money. Clearly. be
he ever. the best money Is tha, wh
at Va i've the most varied and eff
No tive service. IL would be q or
n --~ % the world TO have gold
ID. i...-.r as money, but the wo
al e. do without IL. But fins
De wit, ,lraw silger. aud tie CONNIE
-or OF mankind would suffer paraly
es- Not only is
10 SILVER THE SOLE NosEY
. cf ihree-four;hs Of the human ra
but IT is imperativsly required
ad the gold standard nations Tor
io' peri srmance of small 'raDsaetio
'n which make all the wholesale b.
'ro ness, aud without which whole'
zee trade would shTivei up and dis
pear.
%. OF Depend upon il that an abuajs
'he of actual money is a pcsirive ess
To- tiai of prosperity. Money is 4
Ssh II there are not enough tools for
de- workmen some work will have to
zen left undone-some men will be e
tue PEELED TO remain idle.
INC The American.