The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-06-07
A GREAT DELIVERANCE.
Continued from page ?. !

ways shown more courage in Gao.
ing difficulties than foresight II
IN providing against them. I
may be brave to DEFY the waves
but 1t would seem to be wise te
cling to boat that is staunch
enough to stem them.
But there i: third class of s,l
yer men, plausible fellows, who
say It is not cheaper nor more
money they want, but more sta.
BILE money. So we all do. These
men who call them themselves
advanced bimetallis,s, admit the
impossibility of two standards Al
the same time, but they propose to
declare for gold and silver at some
arbitrary ratio as full of legal ten
ders, and thus get what they call
alternating standards. | will let
Jevons, the great English writer.
state how they think it will work.
He says:
AT any moment the standard
OF value is doubtless one metal or
the other, and not both; vet the
fact that there is an alienation
tends to make each vary much less
than it would do. 1t cannot pre-
vent both metals from falling or
rising in value compared with
other commodities, but it can
throw variations Of supply and de.
mand over larger area, instead
OF leaving each metal to be af.
fected merely by its own accidents.
Imagine two reservoirs of wa.
ter. each subject to Independent
variations of supply and demand.
In the absence Of any connecting
pipe the level of the water in each
reservoir will be subject to it's own
fluctuations only. But if we open
a connection, the water IN both |
will assume certain mean level. |
and the effects Of an excessive sun.
ply or demand will be distributed
over the area of both reservoirs.
The mass of the metals, gold and
silver, circulating in western Eu-
rope In late years, is exactly rep
resented by the water in these res
ervoirs, and the connecting pipes
is the law (of France of the sew
enth Germinal, and viii II enables
one metal to take the place ef the
other as an unlimited legal ten
der"
The force Of this theory seems
to line manly in the illustration !.
with It's two reservoirs and little
connecting pipes and stop cock. 1t
seems to me that the illustration
IS irrelevant, for if there be two
.hings that do not tend to distrib. /
ate themselves alike, they are !
water and money. But grant its
relevancy, ana the weakness of
he theory becomes at once appar- {
mt, for i. proves too much. If :
wo reservoirs work so well, then !
hree or four, or five would work .
'etter; and if we will only add 6
tickle and copper and iron at an
rbitrary ratio as foil as legal ten 4
er. the area will be so broad and )
he compensations SO complete |
hat we Will be rid of this money g
uestlon forever. {
Practical minds will at once see :,
&c weakness OF this appliance as \
working machine. 1t lies in a
lis little connecting pipe and i
.op cock, the 9TH Germinal and b
gal tender acts. For if this gets 4,
ut Of order the whole machine q,
ecomes useless. When Germany m
0nquered France the first thing 70
lie did was to turn the little stop in
ock and say, I'll take mine out of 10
le gold reservoir if YOU please. m
don't compensate as
lem. And John Sherman Just er
1t a little peg into our connect lie
6 pipe and we didn't find it out wi
It'll It had wrought its work. But
d It never occur to you that there fl,
as perhaps something detective in To-
e money machines of America IN
ID France that made the social ne
iniquites Of 1873 possible, and co
may be even necessary. Did 1t an
er occur to you that the strength no
d value OF system is tested by ca
power to withstand the shocks am
a crisis3 Any ship can sail II.
acetul sea; even counterfeit TO