The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-08-21


neither facts nor argument to sustain
their position.
But some will say 10 me- You are
Puritan, when you deny that you
can be wrong. While charging others
with error
wish that there was some man
here to get up and throw rocks at me
gold rocks. ! wants to pitch into
somebody SO bad that l am almost
ready to pitch into Butler little, for
| am such a rock thrower I hardly
know how to make a speech along
any other line.
Money is the medium by which we
exchange commodities. Bartering
was a cumbersome scheme. Some
thing of value was needed for me-
dunn; gold and silver coin fit the bill
For long time these metals were ex-
changed BY weight in all countries,
But this too was cumbersome. The
governments coined the two metals to
facilitate exchange. The world got
along very well with this scheme. It's
only in the last twenty-five years you
hearthem say we want only one of
these metals for standard of value,
and let that be fixed. These two metals
have an intrinsic value. The only
other money ispapermoney, and pro-
missed to pay the gold or silver. This
is a provision of law. Carlisle says
law cannot affect the value of these
metals. This is false because gold is
made the standard. You can carry it
to the mint and get it coined. You
can't do it with silver, because it is
contrary to law. Melta silver dollar
and gold dollar The silver in dol
lar will be worth only 80 cents, while
the gold bullion is worth 100 cents.
Law makes it so. Go and get it recoined
and see.
Gold is as much fiat money as silver.
The law says silver dollar is dollar
and then that it cannot be recoined.
And this is the wrong that is done
you-silver is driven out and denied
mintage. Political economists are all
unanimous on the law Of supply and
demand governing price.
If articles are plentiful, the prices
60 down, and vice versa. So it is with
gold and silver. As long as the coin
age of both metals was the law the
would prospered.
The description Of silver as money
metal and refusing it mintagedestroy-
ed one-half of the money Of the world
and the consequence has been a con-
tinued and prolonged fallin prolong-
ed fall in prices. The result of this
conspiracy against the people has been
ground between the upper and neither
mill stones till they can't get another
drop of it, (Applause) If you con-
tinue tosupport this scheme Of robbery
by your votes, you should be put in a
lunatic asylum. Why was silver de-
monetized, sneaked through Congress
and signed by the President without
anyone knowing anything about tick
cept those who were in the conspiracy?
In 1873, when this iniquity was per-
petrated, the United States owed 81
SOC. 100000. Sherman and his crowd
decided that if they cut off half of the
yard stick they could increas the value
of this debt 10 those who held it The
panic of :73 followed the demonstration
act, but it was several years before the
people found out what was the matter.
The agitation for the reconciliation
of silver resulted in the passage of the
Allison Bland bill over the Presidents
veto. This, however, only provided
for the purchase of 50, 900, 900 of silver
a month for coinage, but not for tree
coinage 1t was compromise, the
best that could be obtained at thetime.
While there was majority in favor
of free coinage there was not enough
majority to override a veto. The gold
bugs then made dire predictions of
disaster, because of the declaration by
Congress that all OF the obligations of
the government were payable in coin
and the partial rehabilitation of silver.
1t was said by ~the-gold bugs>ks4t the
national credit would be injureq and
that the debt could not be refunded,
except at very high rate ofs4nterest; !;
bat the prophets were Liars then, as
they are liars now, for the bonds were
refunded at 8 and 81 per cent, and
some were evea continued at 2 per
cent. rather that accept the money for
them.
Now, they tell you that a silver
dollar is worth only 50 cents. They
tell you that we want to pay our debts
in 50-cents dollars. Lying thieves,
they are, when they say this, for we
are paying them with 200-cent dollars.
To illustrate: India is on a silver
basis and the Indian cotton farmer
when he sells his cotton in Liverpool
boys 50 worth of silver for every dol
lar of gold he receives, in effect receiv-
ing 10 cents a pound with which to
pay debts, while the American farmer
receives the gold and must pay his
debt with it at the rate of 5 cents
pound for cotton. So it is with wheat.
Carlisle says that if we restore sill
YER to free coinage we will rob our
dear English creditors and Northern
creditors. I've no patience with the
fellow who says stand still and let me
get that other dollar. (Cheers) This
whole scheme, and all the plans and
of disaster are simply to
frighten the people into remaining
quiet, while these robbers steal our
They say that the govern
nent must go out of banking. What
S it doing in banking? This means
he retirement Of over five hundred
million of paper money and silver Ger
,iiicate and greenbacks, and the issu-
ance Of gold bonds. That willfurther
contract the currency. They have
not only robbed you; they now want
o rob your children. The bonds of
he United States are selling away up
Tonder above par, showing that the
people of other countries and our own
want them. Why can't some gold
sreenback paper be as good as
bonds? All Of this is intended to wiring
interest from the people, and give you
|, paper currency, based on what! Is