The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-08-20
col. JULIAN S. CARR ON SILVER.

Col Julian 8. Carr, President OF the
Blackwell Tobacco Company, Durham,
N. c.. also a farmer and large owner of
real estate and interested in many in
dustrial enterprises, a millionaire, and,
at the same time, a gentleman in every
sense of the word, was interviewed by
the Reidsville Review recently. His
views on the silver question r given
as follows:
81. I favor the immediate repeal of
the law demonetizing silver, and the
immediate restoration of silver to the
position occu pied by it before the pas
sage of that law. This will make sill
yer, as well as gold, money of final
payment. Money will then be easier
and trade will revive, debts and taxes
will be easier to pay.
SO. I favor the continued coinage Of
silver at the present ratio as long as
the country needs mor money and as
long as we can keep a silver dollar
equal to a gold dollar. We r now
floating nearly $500, 900, 900 of silver,
and we can fl rat fully twice as much,
if the Government will make it legal
tender in all sums for all debts, both
public and private.
So. If other nations Will j0jn uq, all
right, but we are a big enough country
to supply ourselves with all the gold
and silver we need.
"a Glld tends to rise in value, if
used exclusively, while silver tends to
fall. If both are us ID together they
will balance each other, and the result
ant will be more stable than either
component.
"Irealize that manyg good men, whcs3
opinions are entitled to respect and
consideration, d IF r with me touching
this important question, still, after a
careful study of all the conditions, I
shall abide as a friend of the white
metal-the peoples money
1t is real refrt shing to read such doc
trine from such a source Col. Carr
has as much right to be a grasping
goldbug as any other rich man. But
he isa't. He knows how to manage
his business affairs so as to make
money, but he knows the value of a
dollar, knows that a dollar is only
worth 100 cents, and is honest enough
to admit that one dollar is worth as
much as another. He is not engaged
in the business of building up his own
fortune by making paupers out OF ten
thousand of his neighbors. He doesn't
claim that the way to make money
plentiful is to quit coming and printing
it. Last, but not least, Col. Carr is not
looking around to buy up the property
of his less fortunate fellow citizens at
one third or one half it's value with ap-
preciated gold dollars, as many wealthy
men are doing.
Col. Carr Yves almost as poor as any
of us thirty years ago, tut went into
the tobacco business, and, by manufac
turing a superior grade of smoking to-
bacco, has built up a trade that extends
to every corner of the earth. Prosper
ing as he did, he has not felt the stings
of contraction nor experienced the
trials of attempting to do a hundred
dollars worth of business with thirty
dollars in cash, as nine hundred and
ninety nine of cur citizens are forced
to do business now, hence he is not a
typical calamity bowler, and may be
excused when the balance of us howl.
He has not studied every phase of
the financial question, but he is right
on the silver question. H S patriotic
~utterances show that his heart is on
the right side. Long live Col. Carr.