Crittenden press. [volume] (Marion, Ky.) 1879-1907, 1895-06-06

nome nese Enkllthmen anu beTuhht
are not 50 kindly disposed to us NJ ~ send
their gold dollars here for investment simply
for our benefit They send them here be.
cause they get NJ much security and more
satisfactory rates Of interest than they get
al home. Your gold would not go abroad
the other nations Of the world would not
send their silver here. They would make
nothing if they did they would lose by
the operation; they would pay ocean
freights both ways and add enough silver
out Of their private pockets 10 bring their
ratio up ~ ours and then go back with their
silver worth exactly what it was when they
started. They are not idicts.
But Mr.. Carlisle tells you that you must
not remonetize silver, because II you do
the banker who has the gold will go with
his gold dollar and buy e. worth OF silver
and 20 10 the mints and have IL coined
into two dollars, where he originally only
had one. Do you believe such transparent
sophistry Ne that If that silver bullion
we're worth g., the banker would never buy
il for one dollar Of gold unless he was
trading or trafficking with fool. Why
would man who owned two dollars
worth Of silver sell il for one dollar in gold
when he had the same right 10 20 TO the
out of it, as the gold purchaser would have
after the Transaction You can not believe
that
But they insist that the silver dollar is
n dishonest dollar | do not believe It,
but IL did | would say retire II from cir
culstion Honest men do not advocate the
circulation of dishonest money. They say
the silver dollar is only worth hfty cents
"a a.. -. HIM
dred Then, for heavens sake, retire 1t.
That is halfway counterfeiting. What 10
a counterfeiter3 A man Who pushes upon
the public that which purports to he worth
a hundred cents when In fact, II is worth
nothing How much better than n coun.
terfeiter is the man who proposes 10 con
tinue 10 force upon the honest people that
which purports 10 be- worth one hundred
cents when il is only worth fifty cents
| Is not he half ss bad ss the counterfeter
| The law sends n counterfeiter ~ the pen
itentisry when II gets its clutches on him.
| What ought to be done with him VINO adj
vocsies and puts out n dollar worth only y
half a dollar? IL there is a half way place
between this temple Of justice and the peni.
Tertiary he should be sent to that. A coun
terfeitrr lie felon but the halfway counter
feiter is hnancier. applause
II ! believed the silver dollar was dis
honest dollar ! would not be willing u
leave one OF them in circulation when that
sun goes down to-day. Not ~ long ne
claim " be an honest man. But | don't
believe it. What do you mean by an hon.
est dollar believe that All honest dollar
is that coin which represents one hundred
cents worth Of your labor or the product OF
your labor-snything that in the oper
market Of the world will buy one hundrec
cents worth Of Nh honest mans sweat OF
the product Of an honest mans toll
think that is an honest dollar which viii
pay one hundred cents Of AN honest debt
and / DO not think that all money is dis
honest except that which represents tn
clamoring claim asserted by the gold holder
I do not mean that no dollar is honest eS
cept that which n hoarder and handler O
money claims. | hold that any dollar i
An honest dollar which will command on
hundred cents worth Of honest toll In ID
open markets Of this world. Applause
-'-"s is NOT S625, 900 900 II
TAKE FLIGHT.
SECRETARY tells us that il Won get fsa
UOO OF gold out Of the country. | den,
that there Is any such amount Of gold ii
circulation IN this country now, or tina
there ever was. challenge his figure
and call for bis proof He can not show
that there is to-day or ever WAS sny sucl
amount rs s625,0Oo, 900 Of gold in circula
tion among the American people. How doe
he get his estimates From what quarter
does he draw his figures What author
ity has he for this assertion He know,
there are ninety odd millions Of gold
stored away in the Federal Treasury. That
is not IN circulation among the people
For, unless you are provided with crow.
bar With which TO break into that Federal
Treasury, ! will warrant that yOu can not
get your clutches on It. But admit that il
| 10 In circulation. He knows there is some.
thing less than two hundred millions in gold
held in reserve by the banks Of the country.
II the law is being observed and we have
\ right 10 assume that the law is being
obeyed Now, he can not account for as
much as three hundred millions Of gold.
not dollar of which is in circulation in
this country, because the law requires it to
be held in reserve under lock and KEY
where the people can not get at it, And you
see he has not accounted for the existence
Of single other dollar Of gold in this
country.
In 1881 Burchard, then Superintendent
Of the Mint guessed at how much gold was
stored away in the stocking legs through
out the country, and the Treasury Depart
ment has been busily engaged In guessing
ever since He can not account for AS
much ss $500 100000 instead of S625, nOO.-
600. But suppose 1t did go out of the
country. He says money would be cheaper
/ fhnnnhf ha
dearer II was thought it was more diff
cult 10 get hold OF dollar if there was
but one dollar than il there we're two in
the world. | thought the less money YOU
had and the higher the rate Of interest the
better 1t was for the money lender;
thought the more plentiful money was and
the lower the rate of interest, the better il
was for the producer and the American
masses. That is the rule of common sense.
and IL is the rule upon which we have ever
acted. But the Secretary tells us that he |
has made this discovery, that IL YOU expel |
s626OOO,OOO of money from your midst
what is left, because Of its deprecated
will be cheaper, and all prices
will advance, but the wages of the laborer
will go down. This is new discovery in |
political economy. Who ever heard Of the |
price Of labor shrinking when prices were
booming and advancing2 Are you TO be |
hoodwinked with sophistry like this2
But he tell us mere. He does not deny
that since the passage Of that act of 1873
the general tendency of prices has been
He does not deny that all
values have shrunken since that law was
passed which dsmonetzed the silver metal |
from 40 to 90 per cent. Your farm prod. |
ucts have gone down. Your farm lands |
have gone down. The products of the |
men In the workshops have gone down. |
The product OF tho lsborer in all iiD.s has |
gore down. Everything has shrunk In |
value except gold, taxes and debts. Your
laxes have not shrunk. your debts have not /
iwindled. l wish TO God they had gone
Town In proportion To your property and
your toll. But the thousand dollar note
hat you owed To your neighbor stood in
act. 1t never shrunk penny of value
While your farm and its products went
lown one-hslf in value in the markets of
he country. Taxes, debts ana gold are
he only things that have not shrunken by
he striking down Of one half of the money
metal of this country. ,
Mr.. CARLISLE CORRECTED IN MS
STATEMENT or HISTORY.
But the Secretary has made another dis. .
overy in political economy. lie saws the
riees OF all commodities are not measured !
y the amount Of dnal redemption money ,