The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1895-06-27
SINGLE GOLD STANDARD.
The Impending COnfliet-Capital
Against Labor.
ICOmmunicated.l

lSOWMuuiCoICu.J
HENDERSON, n C., June 18th, 1895.
The year 1896 will witness one of the
most exciting, bitter, and stupendous
political campaigns ever waged in the
history of the country. Capital against
labor will be the question which will enter
the political arena 1t will be discussed
on the hustings in all it's phases and
emblazoned on every hilltop. Floods of
light will be thrown upon the minds of
the people; then will they realize the
enormity of the injustice that has been
practiced upon them by a set OF political
tricksters.
Arrayed on one side will be capital,
representing trusts, syndicates and
Spectators, backed by untold millions
with all the paraphernalia of wealth ,splen-
dor and power, whose platform will
demand nothing but the single gold
standard On the other hand will be
labor, representing the agricultural and
all labor and Industrial interests, backed
by the toiling masses of the country,
whose platform will demand the coinage
of both gold and silver, and no dscriIni-
nation be made against either metal.
Its platform will be sufficiently broad,
on which all, irrespective of former pOliti-
cal affiliations and trade organizations,
will be invited to stand and unite in
staying the aggressive march of the
most vindictive, despOtic money power
ever known in this country; which has
caused the shrinkage of values, low
wages, and lowered the prices of agricul-
tural products. This money power, to
divert the minds OF the people, will
attempt to introduce side issues, which
will sink into insignificance compared to
the great question now being agitated.
1t is encouraging to the friends oflabor
and silver to witness the interest now
being manifested by the people of the
great Northwest in their attempt to
remonetize silver that it may take it's
proper position, as in former years, in
this country.
what the intentions OF the gold bugs are
and Judge for themselves. Recently the
London bankers met in that city and
organized Gold Defense Association,
with Sir Betram Curre as president. He
was one of the Commissioners in the last
International Conference held at Brussels,
in 1892. In that Conference he stated
that he belonged to the banking class
and that the class he represented wanted
the single gold standard, because it was
better for bankers and money lenders
than any other. He admitted thai an
appreciation in the value OF money was
disastrous to producers, but said the
class he represented cared nothing about
that SO long as it's own prosperity could
be promoted by q constant appreciation
in the standard of value.
President Cleveland and Secretary
Carlisle, and all goldite leaders in this
country, urge the farmers and wage
earners of the United States to join hands
with the London bankers and the Roths-
childs to maintain the single gold standard.
But it is evident to all, the interests of
bankers and producers do not lie in the
same direction. Approaching money
means low prices and low wages, and
those engaged in agricultural and indus
trial pursuits can not favor falling
markets without proving false to their
own interests.
Neither President Cleveland nor his
goldite associates have suggested any
means OF keeping the money supply OF
the people up to the demands of increas-
ing population and trade, when they
well know that existing conditions make
further fall of prices inevitable. Yet
they have the cheek to ask the masses
to go directly opposite to their own
iutCiColc. AhC pOpuidClOuO VI tufS COuutIy
is increasing at the rate of nearly per
cent. per annum, while our currency
volume has been sinking very rapidly
since the repeal OF the purchasing clause
of the silver law in 1898. Even accord
ing to the doctored statistics furnished
by the Treasury Department, our per
capita circulation now is nearly SO less
than it was before the panic began, and
yet Mr.. Cleveland and his associates
have the face to ask aid in establishing
a gold standard which is absolutely
incapable of expansion.
The money power is frightened, if not,
whatneed would there be of a Gold Defense
Association? Were it right and honest
it would require no defense-the masses
would protect it. No Southern or Wes-
tern man, who knows his own interest,
can afford to endorse any such policy
which Mr.. Cleveland has pursued, for it
has ever been to strengthen the rich and
make the masses poorer and poorer, and
to become hewers of wood and drawers
OF water. CONSERVATORY.