The Caucasian. (Clinton, N.C.) 188?-1913, 1895-07-04
ARGUMENT BY ILLUSTRATION.
what tho Goldbugs Will do II They vi
the Coming Fight.

What tho Goldbuss Will do II They Win
the Coming Fight.
With two, one dollar silver GER
tifcates issued by the United States,
to-day went to a Durham bank and
made the following purchases of sill
YER coin ut the prices named below:
One Mexican Silver Dollar ...... 20 cents
Total sl.aO
And the bank officer handed me
back in change seventy cents in sill
YER; you will note that this was
business transaction entirely in sill
YER. That gold had nothing to do
with it. By this transaction l ex-
changed two dollars in U. S. ::paper
silver certificates, for two
silver dollars, each of which has
more silver in it, and more standard
silver in it, than can be found in q
United States standard. silver dollar,
and besides l got seventy cents in
United States silver coin "tO boot"
By this transaction got more silver,
but l got less money. In fact the
only real money Igotlwas seventy cents
given me in change, or the ''boOt"
in the swap.
Note too, the "trade dollar" for
which paid only sixty cents, has
"(42O" four hundred and twenty
grains of silver stamped on the face
of 1t, while the standard silver dol
lar, in which all silver certificates
are payable, has only t4l2 y four
hundred and twelve and one-half
grains of standard silver in it,-a
difference of (71 seven and one-half
grains of standard silver in tauor Of
the aoeight in my trade dollar. What
then makes the difference, and this
big discrimination in facor of the
standard silver dollar, and against
my trade dollari"
Answer: The lao makes the stand
ard silver dollar legal tender in
payment of debts up to five dollars
in amount, aud the law does not
make my trade dollar, nor my Mex
lean dollar legal tender in the pay
ment on debts at all, to any amount
whatever. Then take away by hqis-
lation from the standard silver dollar
even it's small debt-paying quality,
above named, and give it nothing
more than its weight value, or "bull-
ion value" as it is called, and the
standard silver dollar lighter, and
having less silver in it, would nat
urally and necessarily, drop below
the sixty cent value of my apo four
hundred and twenty grain trade
dollar. Men may ridicule as much
as they please the idea of "fiat mon
ey"; but even the limited govern
ment "fiat" of the legal tender quail.
ity, to the limited extent of paying
debts to the amount of five dollars
has by lao, and nothing else, giver
the standard silver dollar, though
weighing az seven and one-hal
grains less than my trade dollar, tn.
debt paying and purchasing value
in business transactions, an advan
tage Of forty cents in the dollar Over
my heavier trade dollar.
Let the "goldbugs" get the power
in their hands, and having alread.
stopped the free coinage of silver q
our mints, it will only be a shor
step then to take away from tn
standard silver dollar its present lie
gal tender and debt payinl
quality. even up to FIVE dollars i
amount, and thus put standard sil
yer dollars on the same footing wit
trade silver dollars, and then loo
out for drop Of forty cents on tn
dollar, and even more, in the merct
andise or market value Of all stanC
ard silver dollars.
Facts are stubborn things" Ju:
think of it too; that l ha
to 60 to a bank to bu
my Mexican dollar and my "trad
, dollar" in order to get a sample {
them. None are to be found now
circulation amongthepeople. Cover
ment never did issue any paper 81
{ YER certificates based on the com
. or upon bullion value in them. An
yet all middle aged men now Twin
know that Mexican silver dollars ci
B. cufated freely as money among OF
people as far back as we can remen
: Der, until the ''goldbuRs" begs
Q their conspiracy to get hold Of Il
reins Of government. And We all
: remember when the trade silver Dc
lar was issued by the governmeu
> it was rsed by the people at its ia
value in all business TRANSACTION
without question.
e The principal "goldbug'l.rgume
} with the laboring wage-earning pc
y pie is, that the unlimited use of 81
,, YER would cause wages to fall.
y their injury, and these same "gol
, buesn turn around to the busine
8 man and say, 1.-The Unlimited use
Is silver as money would be too bull
and burd.nsome t. him. and incO
venient to carry" Bah! By
& means, if "goldbugs" are right,
u the D or man and wage. ar er
10 paid in gold, for too much sils
d m ,ney carried about in his ragg
rs every day working clothes is lial
e, to wear out the pockets ill his r.
- q ged bre ches. When he w.nks
Ia fifty cents a day give him in pa
meut at night. half dollar in 20
- A half dollar in gold is such pr
~ ty little coin, that the only spe
al mems of them that I ever Jaw ".
n kept and held by their owners as G
- riosities, and handed down in
U family from sire to son as sort
a family heirloom. Ny objection
Ps the "goldbug" system Of finance
~ they have undertaken to reverse
0, the teachings Of all prior human
% perience in money matters, and hi
q. put the fodder too high in the r.
is' to fatten the horse.
WILLIAM A. GUTHRIE
-00 0l.OO THE WEExLY
Fun NA1lHA21AM