The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-08-28
THE GOLD-BUGS
Would Like to Keep the United States
Paying Tribute to Great
Britain Always.
THEIR PERFIDIOUs ATTEMPT
To Let England Tighten Her kapa-
cious Grasp Upon the Throat
of This Country.
THAT COUNTRY FRIGHTENED
Because We Might Reign Supreme
Commercially II Allowed to
Pursue Our Course.

Pursue Our Course.
Washington ID. c. Silver Knight.
The bypocri,ical preterse Of the goldltes
that they are bimetallists, but want oi-
metallism secured by an international con-
ferance has been Il cover for more rea'
wickeaness and rascality than any devic"
of hypocrisy invented by the Evil ore
since Milton wrote Paradise Lost. 1t Is
true, Milton conceived many cunning de-
vices Of the devil to delude mankind, but
the death Of Milton before the hypocrltes
invented the scheme of deceiv!nG tbs
American people by the device Of an inter
national conference, has deprived the
world OF full description OF inat hypo-
critical device for the want OF Milton to
describe it.
England, which is Europe. demonetlzed
silver IN 1916, and labored from that time
until 1893 to finally consummate the work
by the suspension Of coinage 10 India ana
the repeal OF the Sherman act.
During the twenty years preceding 1898
the coldit,s, who were helping England.
consummated the work Of establishing the
gold standard in her financial dependen-
cies, the United States and continental
Europe, under pretense of an international
conference, with England in the lead.
Three times during that period the
Un tied States solicited and obtained Sch
conference, and three times the repre-
sentatives OF England, at the conference 50
held, terminated the proceedings oy In
forming the delegates OF the United States
that the reconciliation Of silver could
under no circumstances he considered.
In February, 1893. Mr.. Gladstone, in
commenting upon resolution introduced
in parliament looking to the reassem olase
of the Brussels conference, ridlculed the
icea of bimetallism in the most scatllng
and sarcastic lanuage. He stated that inc
world outside Of the United Kingdom was
in debt to the United Kingdom Of Great
Britain more than ten thousand million
dollars. and that it would be extreme folly
to allow the payment O, such vast SUM
in ANYTHING but gold ;'he declared that
il would be a gracious gift to the world
outside of the United kiugdom-w:lch
would be willingly received. but which
would not increase the respect OF the
outside world for the sagucity of the Brit
ish statesman.
Il is true that the distress OF the masses
has created strong party both III England
and Germany in favor Of making large
use of silver, but the bimetallists of those
countries have hesitated to even suggest
the possibility OF the coinage Of the two
metals upon coual terms, at the ratio Of
of l6 to /, or l5l to l, or any other named
ratio.
The money powers of Europe-which
have governed for almost Il century
united in favor Of tie gold standard. and
there is no hope of overthrowing that
power. The most that the silver men OF
Europe can anticipate would be larger
use of silver us a token subsidiary coin
This would do no good 1t would not in-
crease the volume of standard money
npon which the circulation and credit OF
the commercial world must depend. A
larger use of paper money redee@able in
cold would answer the same purpose.
The fixed gold obligations OF the United
States TO Europe aggregate about FIVE hun
dred millions, viz--oDe hundred and fifty
millions for carrying trade; one hundred
millions for e1cursionists abroad, and two
hundred and fifty millions for interests
and dividends on foreign investments.
These obligations secure for Europe at
GOLD prices more than the United States
can realize by the sale OF produce IN
foreign markets, after paying for imports.
The national debt has been increased one
hundred and sixty-two millions in the last
two years TO meet the governments part OF
the deficiency. How much has been bor-
roved by corporations for the same pur-
pose during that period is not known, but
it is very large.
It is not reasonable to suppose that
Europe will surrender the advantage she
holds in making this country tributary
of the world by remonetizine silver, which
would mean the liberation OF the Amefl-
can people They know that ii the United
States were allowed to coin money instead
Of borrowing it from Europe that we would
be able to pay our debts and liberate our
selves from vassaiage to the Old World. ln
the language OF the royal commission 1t
would endanger the commercial supremacy
of England, which means it would hberate
Amerca.
When did England voluntarily consent
to the freedom and independence OF the
United States? and is it reasonable to sup.
pose that she will ever consent to our
financial independence by Joining IN a
conference for the reconciliation OF
silver?