The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1895-10-23
THE RETURN OF PROSPER.
ITY.

The campalSnO OF education which
has been carried Oh in favor Of
sound money has exer,ed a great
influence to set back the silveritcs.
The advocates Of tree coinage
came first in the field aud inundat.
ed the country with their heresics.
Probably there never was a book
OH finance that had such a circula-
ton as the paper covered volume
entitled '.Coin's Financial School"
1t was filled with special pleading,
false statements and erroneous
conclusions; but it addressed itself
to the sentimental part Of human
nature, and it presents a remarka
bic instance ofpeople carried away
by a false sentimentality in a mat
Ter where only hard facts and cold
reason should govern.
When at last the advocates of
sound money got into the contest,
they rapidly began to exert an in
Auencc. 1t has been said that
rarely has any question been pre-
sented to a country more complete
ly and with more ability than has
the question of silver been present
ed to our people. 1t must be ad.
United that the free-silver adyo-
Gates have exhausted every argu-
ment and appealed to every inter
est and passion to induce belief in
the justice Of their cause. On the
other hand, the President, the Sec
retaries of the Treasury, of the In
terror and of Agriculture, Con-
gresham Patterson and other
Statesm@,, have filed the country
with convincing arguments; schol.
ars, statisticiansa and publiciSts have
added demonstration and proof;
associations Of !citizeus in Chicago,
New York and other places have
helped to make Il correct knowl.
edge Of the laws governing our
financial problems accessible to
every one. The Chamber Of Com,
merce Of New York City, and the
Sound Currency Committee Of the
Reform Club, n1ay be mentioned as
among the most active agents III
this diffusion Of knowledge.
Then the press in many localities
took up the subject and discussed
it with clearness, ability and such
simplicity Of language as to make
the principles involved plain to
plain people. In this work the
Picaysne has been most devoted
aud active in placing facts and ar
garments before the people, and, as
correct information has been diffus.
among the masses, they have faith
fully responded by giving their ia
vor anal voices in favor Of sound
money.
1t must not be forgotten that
the return Of prosperity has had a
great deal to do with restoration
of confidence among the people.
They have realized that the pres.
ent rise in cotton aud other pro.
ducts has been caused solely by
the smaller crops and the increas.
ed demand, that the bullion value
of silver has nothing on earth to
do with the matter. 1t so happen.
cd that the prices of silver, wheat
and cotton went down together;
but now wheat and cotton have
gone up, while silver remains
where it was, showing thatt the de
cline in those articles was only a
coincidence, aud nothing more.
Since it is not likely that there
will be another financial panic fol
the next ten years, there will BIZ
time enough to adjust the curren
cy question and the whole money
problem, and in all likelihood the
silver question will soon cease tt
be a public issue OF any conse
Quence. -Pieayune.