The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-26
whaf the PeonIe wnnt.

The great majority Of those who are II
favor Of the free coinage OF silver at tn,
ratio OF IS 10 DO not care anything about
silver. The proof that they don't wan
that kind OF money IS shown by the fact
that there are hundreds Of millions OF dol
lars Of u in the vaults Of the treasury. and
the treasury officials are unable to get #
into circulation. The people don't want
I silver and they won't have It as long as
;hey can SET other kinds OF money. Only
recently the state school commissioner
+ asked the teachers II they would not &C
cept silver. He told them he could have
Z them paid ID that kind OF money without
any discount on their warrants. Nearly
all OF them refused it.
What the people who are demanding
free silver coinage want is more money.
not silver money. And they want the ad-
ditionai money TO be just as good as our
present money is-that is. just as good as
gold.
Representatives Maddox and Livingston
OF this state. who are recognized as sill
verites. were interviewed in Washington
last week, and both Of them said that
what the people OF Georgia want is an in
crease of the volume Of money in circula-
tion,and that they favor free silver coin
age because they think It would increase
the volume of money. When AIessrs
Maddox and Livingston speak OF the peo-
pie OF Georgia in connection with the sill
yer question they mean Of course those
who are crying out for the free coinage
Of silver.
There is, good deal Of truth IN the
statement that what the great majority
OF those who are favoring free silver coin
age want Il, more money. and not free sill
yer ,coinage. They have an idea that IL
The volume of money was greater they
would pc abIesto get more money and get
it at less cost. And they are demanding
FIRE silver eolnages because they have
Been led TO believe that it would increase
the volume Of money in circulation.
They are beginning to understand that
they have been misled in this matter.
They arc. gradually grasping the fact that
the making Of the coinage OF silver free
NHNAN p1 AbAAeWNA ny a AtuuNAlOn OF the
volume Of the money in circulation because
1t would cause all the gold to disappear,
and the mOneF that would remain would
be debased money, having only about half
the purchasing power the present curren-
cy has, When they grasp this fact fully
they will not be as rampant silverites as
they now arc, and the silver craze will
cease to be epidemic. If they will take
the trouble to read the Covington and
Memphis speeches of Secretary Carlisle
they will see, beyond a doubt, that II what
they want is more sound money they don't
want the coinage Of silver made free.
There are of course silverites who want
the coinage of silver made free for what
they would make out of It. They are sill
yer mine owners and dealers in exchange.
The great cost Of silver production is the
labor in mining and milling the silver ore.
BY paying labor the. same wages now
paid, but in deprecated silver money,
they could make silver mining very prof.
| table. The genuine silverites therefore
are the silver mine owners and exchange
dealers, and associated with them are pol
itieians who hope TO use the silver craze
to get prominence and office. And these
are the ones who are misleading the peo-
pie.