The Caucasian. (Clinton, N.C.) 188?-1913, 1895-04-11

! VI .'ptftf Auit Nbr
IN YOU by the blood OF graudsires
Liberty, once lost, will never be re-
gained short Of a bloody revolution.
| say to all, in the name of God and
Humanity, to j in hands and cas-
your ballots against yours and nv
common eI emy. | advise as many
Of YOU as can 10 subscribe for the
CAucasIAN-the poor mans friend
both white and colored; and again
| say, take warning. before it Is too
late. Yours for the right,
J. W. kESSEDY.
Di-gust.d, Etc.
For the Caucasian-i
AsHEyILLE, n. c., April 2-l
want to C, ngratulate the public on
the contents of the CAUCASIAN of
the 2Sth, ult. During the Session Of
the legislature and since the al
journment of the me, the hqs
been no restraint on the lying pr pen
sites of the yenal u mocratic press
They lied without stint or apparent
fear Of contradiction. 1t may br
degrading to ones pride to say to an
adversary that you lie, but some
times it becomes absolutely neces-
sary to say unpleasant things. |
have made it rule Of my life to
strike back. 1t may not be ke a
Christian to exact an eye for an eye
and tooth fOr a tooth, but it is
comforting when you are smitten on
one cheek to return the blow. Lct-
Nltonts seems to be the only safe
way to deal with an unscrupelous
enemy.
Democratic papers have lied un-
til they seem to think they have a
prescriptive right to do so. Opp
sition papers have maintained a re-
spectful attitude until the Demo
Gratis come to the conclusion that
they could lie with impunity. and
espe cially y is this the ttude Of the
News and Observer. | declare,
have read the common falsehoods of
that paper until | have become dis
gusted with its productions. There
seems to be common understand
irg between the several Democratic
papers in the State to eschew truth
altogether, and resort to falsehood
instead. 1t is unparalleled in the
history of journalism. hope the
CAUCASIAN will continue the coed
work.
The Dishonest Dollar.
| For the Caucasian
RALEIGH, N. c., April 2-Col.
Mcclure, editor Of the Philadell hia
Times, has been travelling in the
South lately, and while at st. Angus
tine, Fla, he wrote a letter to Mayor
D. W. Fletcher, of jacksonville, in
which he said some very foolish
things on the money question, from
which | make two or three short ex-
tracts, as follows:
"A coin of the Union, whether silver
or gold, must possess the intrinsic
value and not promise to pay, and
every dollar issued by the government
whether gold or silver, should be such
as would be accepted by the civilized
world, and every paper dollar issued
should be of equal value because re-
deemable in coin of indiSputable
value"
Now, it will be seen that Col. Nc
Clure takes the absurd position that
the coins Of the government must
have the same intrinsic value as
money valne. Let us see.
The government takes ten cents
worth of copper and coins enc hun
dred cents out Of it, worth 81 in
money. 1t takes twenty cents worth
of nickle and makes twenty iive-cen,
pieces cut of it-cash value 81, L,
takes fifty-three cents worth Of sill
Yer and converts it into ten dimes
which pass for 81. The dimes are
seven per cent light.
Now, let us put these statements
in another form, so hat they will bt
understood and appreciated by all:
} Intrinsic value
, copper, 1Octs money value, s
, - 9 nlckle, 2OctS. . S
- = silver, 53ctS. 9 s
Total, g S3cts. g $
ID ference between intrinsic valu
- II. Now, every one must know
that this difference is the result O
. law.
In view of these facts, what, 1 ask
is Col. McCIure's intrinsic valu
theory worth? Nothing.
Let us hear the colonel on anothe
+ branch Of his subject and see ho,
. uch he knows on that:
, "The Southern State that first plant
, itself unmistakably on the platform G
l absolutely honest money will be fore
most of all in development, in credi
D and in respect in our own and othe
! countries, etc"
There it is. The colonel could nc
o help touching on the ''honest money
/ racket. These gold bugs are so az
q prehensive that some poor Lahore
4 you know, may be paid dishones
+ dollar!
What is the ''honest dollar" abor
II which we hear SO much:
f 1t is a conceded fact that OF
i present dollar (any of them) will bu
d so per cent more now of the pr'
n ducts in general than the gold do
10 lar would in 1913. That is, it l.;
e gone up that much in purcha>i1
|. power. And this is what is calle
h the ''honest dollar"
It If it had gone up so that it woul
n now buy five times as much as
would in 1873, would it still be +!
r 'honest dollar" aud would it be fl
"a times as honest, or wha'?
, f there Is any limit in this gan
le of appreciation, will not Col. NJ
- Clure or some honest man tell