The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-08-07
THE TWO STANDARDS.
PATIERcON', EXCELLENT REASONS
IN FAVOR OF GOLD.
All Progressive Nations Have Adopt

cd the Gold Standard. and All
Unprogressive Countries Are Oh
n Silver Basis-Waces Lowest In
Silver Countries.
Is it better for the American pto-
pie to adhere to the present standard
or abandon it and go to silver mono
metalisme This, admit, is debata-
Bile ground; with the overwhelming
weight of the argument in favor of
the gold standard.
am tired of mincing words when
We talk of standards / would like TO
PROFOUND to the free silver men IN this
audience simple inquiry. The blmet'
allie standard means the free coinage
of gold and silver at ratio which re-
suits in maintaining gold and silver
in concurrent circulation. No one
will deny the correctness OF this deli
milton. The question, therefore.
which I ask is this: Is there a man IN
this audience who can name com
try in all the world which has the BIZ
metallic standard? Let your minds
run over the hemispheres and conti-
nents and defy you to find one. Then
the truth is that all the countries are
to-day either at the gold or the silver
standard, and there is not one where
free coinage of silver obtains that IS
not silver standard country. l pre-
fer the gold standard for the United
States for several reasons. The first
reason which influences my iu lgment
is, that looking abroad over the world
1 ilo'not find single country where
Christianity aud civilization are pro-
crossing, where tbs arts anil the
sciences are III the ascendent, where
trade an commerce are growing,
where schools anil colleges flourish,
where men and women are compara-
lively happy, where Government is
stable anl the laboring man earns
good wage for days work, that Is
not on the gold STANDARD. On the
other hand. [ do not find country
where civilization anl Christianity
are retrograding, where the arts AMI
sciences are backward, where schools
and colleges are decaying, where revo.
lutions are perennial, where men aud
women have no cause to be happy and
the laboring man is paid q miserable
wass for a days work, which is not
on the silver basis. 1 do not say that
NIL the highly enlightened Christian
izcl AMI prosperous Nations are
such because they have the gold
standard, but 1 do say that all
such Nations have adopted 1t, demon
stratng that gold is the standard OF
civilization anil Christianity, OF com
merce and of labor. 1t is true that
all progressive Governments have
adopted the gold standard, and that
the urprosressive countries retain the
silver standard. As Mexico adheres
to implements of Industry which the
farmers OF the United States discarded
fifty years ngo, SO does it adhere to
standard OF value which this country,
guided by Andrew jackson, discarded
in 1881. | know the statement which
l have Just male is somewhat startling
to free silver advocates, and, there
fore, I will name the gold and silver
countries OF the world; United States.
United Kingdom, Russia, Germany,
Austria Hungary, Belgium, Holland,
Denmark, Norway, Sweden, France,
Spain, Portugal, Switzerland, Italy,
Greece, Servin, Roumnnia, Turkey,
Australia, Egypt, CUBA, Canada and
Brazil. These are the goll countries
of the world. 1t is true that some OF
them, like Brazil, Russia AMI lsaIy'
have only deprecated paper money
but the standard is gold.
The silver countries are: Chlna'
Japan, Iudia, The Straits, Mexico,
Central American States, the countries
Of South America, other than Brazil,
and the half-civIllz zel countries OF
Africa.
Another reason which is controlling
with me is, that there is no country IN
the world which has the gold standard
that does not largely use silver IN Its
circulation, whereas there Is 40 silver
country which uses gold II lts clrcula'
ton at all Russia has gore to the
cold standard within the last few
weeks, and therefore I include Russia
with the silver countries VIXEN say
that while the silver countries have
200. 900, 900 more population than the
gold countries, yet the gold countries
have more silver money II clrcuiaelon
than ell the silver countries com5lned'
while the latter have no gold IN clrcula'
tion whatever. / furthermore assert
that the United States has more silver
in circulation per capita than any
silver country on the globe. merely
throw out this for the benefit OF those
who believe the chief eud OF man IS tc
have a large per capita circulation,
without regard to the character OF the
money.
But there is another reason which
is absolutely conclusive with me-
When was in Washington few weeks
ago I called at the Office of the Secre
tsry Of State, and, handing in list o.
the gold and silver countries OF the
world, as have given them to you,
requested that an expert should be put
to work on the Consular reports sent
in to the depar tmcnt from all the coun'
tries of the world end make table
showing the weekly wages paid labor
in each country. With this informa
tion in my possession I am prepared
to assert that there is not silver
Il -r1,ar., la lHT