The Monticellonian., 1895-09-06
VII oh WIllSll.s

II Is tayurite practice of gold standard men te designate them selves and thelr party with the phrase ot sound money men," Leaving out ot view egotism. which leads the gold tes to thus designate themselves. We address ourselves to the inquiry Us to wEethcr there k any verity. aud i! SO, what measure of truth IS em- bodied in such designation? We sup pose, in charity most liberal, that they csme to the thus laid claim to helhg advocates of "sonud money" because they first charged advocates of tree silver coinage with being the advocates of fifty cent dollar; and since they oppos- ed tree coinage of silver they at once laid claim to being in favor of q gold dollar, which was worth full one hundred cents.
 Free coinage of silver is itself but the corner stone and one feat ure of the financial scheme favor ed by free coinage men. It IS es- sentially the principle underlying the interests of bHslness men, man ufacturers and laborlng men, in cluding all classes, who are not specified under cognomen of money-mongers. That is to say, that all material, commercial and productive interests are in accord with the free coinage of silver and the issuance of money by the gov ernmeut. The moneymongers, embracing millionaires, bankers, brokers, money shavers anu spec ilators, these have an interest an- tagonistic to the first class just named, and their opportunities for enrichiHg themselves, regardless of the interest, material. commer- cia manufacturing and lab0ring interest of the country, is bottom cd upon the idea Of single gold standard and the consequent dwarf ing Of the volume of currency to the lowest possible amount. The reduction of the volume of curren- cy is but another form of express sion for forcing the material inter- ests of the country, and those who represent [. to the doing of busi- ness upon credit Indeed, it is the boast of the g0ldites, and was made a ecrner stone by MT. Horr in his discussion with Mr. Harvey, that 9S per cent ot the business of the country was done upon credit and only 7 per cent with actual cash. This reduction of the vol ume ot currency and driving busi- ness men. and all others to the do- ing of business upon credit, consti- tute the inStrumentalitieS whereby the money mongers, bankers and brokers are enabled to enrich i themselves
 The entire doctrine, or financial scheme of the two parties may be succlntly stated in these two terms, first, tree coinage of gold and sil- yer into standard money at a ratio of l6 to l, upon terms of exact equality, each equally a legal ten der for all dues and debts, public and private. A currency intend ed to circulate as money to be is. sued by the general government and also made a full legal tender, What does this lack of being sound m' ney" and always safe to the holder of any of it2
 The single gold standard men declare for the gold coinage as the only money of redemption; the currency to be furnished by bark CTS, organized under the law of general government, but controll- cd wholly by private corporations, and connected with this neeessari- ly the retiring of all legal tender and treasury notes by the issuance of gold bearing bonds, at 3 per cent interest thereon, these bonds to be used as a basis for banking. Is this scheme one which may pro- perly be characterized as for ''sound money?"
 II this gold scheme shall be wordcd to a successful issue, then indeed the government is wholly in the control of private corpora tions. Private corporations own tsHbstantialIy all of our unoccupied d lands-Ine, -entrpl our land sys- tenn. Private corporatio,.~ ss.enlp.