The Caucasian. (Clinton, N.C.) 188?-1913, 1895-10-10
DAMNING SIN
And TRBACHBRY
OF the Democratic Party in Try
ing to Fasten Condemnation
On Republicans
FOB THE CRIME OF 1873.

question Of silver, and At tue same
lime to record myself a. the un-
,hauging friend Of the free and uu-
limited coinage Of gold and silver at
The ratio Of l6 to 1.
Long before it became the subject
)f such general controversy, long
before Cleveland inveiehed against
It's compulsory coinage with q school
boys gush, long before a great party
posing as its friend became by its
acts its deadliest enemy, | pointed
to its demonetizatiou and TO q con-
'tantly contracting volume of cur
rency as the sole cause of that pitt
ess rum, whose riveting fetters the
AMERICAN PEOPLE MUST BREAK
TO-DAY,
Or yield themselves forever to slavery
snd despair.
The reasons for its restoration are
too innumerable TO permit a preseu-
tation of the affirmative side of the
question in a newspaper article. l
desire to answer q few of the So
called arguments Of its enemies, and
to point out the only possible way
for the triumph Of its friends.
First: Let it be stated that the
term "free silver" is a misnomer
and misleading. A great many
FEATHER STATESMEN
object to free coinage of silver be-
cause it would convert the property
of the silver mine owner into money
at the peoples expense, and without
cost to himself. Free coinage Of
this character has never been con-
templated, and has never existed. 1t
is true that under what is known as
free coinage, the owner Of silver
bullion of required fineness would
receive as many ounces of money as
he deposited ounces of silver, but
the government would not be the
loser, because it would take one
ounce Of pure silver out Of every
ten for its own use, and put instead
one ounce of copper. The difference
between the value of the pure silver
and the base copper would more
than reimburse the government for
THE COST OF MINTAGE.
The gain is many fold. The worlds
supply of ultimate money is in.
creased; the owner of the bullion
receives a weight of money equal to
that which he deposited in the bull
lion; the metal is hardened, protect
ing it against loss by wearing; the
government makes a profit out OF
the tran ctiou, which goes to the
people themselves, and the dear pa.
triots are not taxed for the benefit OF
mine owners, although they are
taxed to enrich the owners Of WOO
and cotton factories, who buy the
raw material duty free at starvation
prices
TO THE RUIN OF THE FARMER
furnishing it, under the glorious
tariff reform provisions of the Will
son bill.
Again: A wide ignorance prevail
respecting the legal tender charac
ter of silver. Quite recently th'
Wilmington Messenger stated tina
silver was a legal tender in sums o
So 90. The fact is, the silver dolla
is legal tender in
ALL SUMS AND FOR ALL DEBTS,
both public and private; frac
tional silver in all sums of tel
dollars and under. This legal ton
der quality alone gives to gold, t
silver and paper, the use and func
ton of money.
But Its enemies say it Is dishon
est dollar, fifty cent dollar; that it j
an outrage to pay q creditor IN thi
deprecated coin. But how dishor
est Is there any property in tn
United States to-day, from q pin {
palace, which it will not buy equal
WITH GOLD OR WITH PAPERf
Is it not at a parity in purchasin
power with all other kinds of money
Who is wronged, or robbed or on
ragedi The people who are payin
these unscrupulous robbers gold fo
the bonds, which they bought Wit
paper at an average cost Of sixt
cents ON the dollar:-the debto
who finds every dollar which b
pays, equal in value to two an
more of those which he borrowed
through legislation hostile to his il
terest and more fatal to his hop,
than "wars and pestilence and fan
inc combined"
They now oppose it on the groun
Of its being dishonest dollar
fifty cent dollar-but was that II
ground of their opposition
WHEN THEY FIRST wARRED UPON II
1t was then at premi Am; . silv'
dollar was worth more than . go
dollar by three per cent. Let the
. honest gentlemen tell rs why the
opposed it in 73i
i Again: These doctrinaires ID
great stress upon the weight Of Il
, coin; they demand twice IS mar
. grains of silver for . dollar as
now required by law. Why was
. that the ''trick' or trade dollar
1873, weighing 42O grains, but leg
tender for only Ave dollars, pass,
for only eighty cents At the time
its withdrawal, while the standar
dollar, containing u grains less
J, pure silver, but legal tender for {
amounts, passed current for 1
{ centsi Will the learned gentlem'
/ explain in support of their theo
e why increasing the weight Of {
e dollar -.
DECREASED IT'S PURCHASING POwH
Why it is that . dollar of less weigl
but full legal tender, has maintain
2 itself against the hercest assaults
q its enemiesf Will these self-appoint
q Gamaliels Of finance show how Il
l. dollar, which they brand as . al
e cent dollar, can enrich the sil1
. mine owner, il coined free, and
EOomASmxanA Al