The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1895-07-10
THE FINANCIAL
II QUESTION
In a Nutshell. It Is a Struggle Be-
tween Those Who Deal In
Money 20
-<l-lllAl b3iJ5 q
And Those Who Produce and Deal
in Commodities.
n .Hf9DEET WH3 sSi'
The Whole Question Is One of
Z. Prices.
AN IMPORTANT ADMISSION.
From The Atlanta constitutional

a From The Atlanta CONSTITUTIONAL
We have shown recently in the most
unmistakable way that the whole effort
Of the SO called sound money, men is
to depreeiate the prices. of commodities
and to sustain, uphold and increase, ii
they can, the present purchasing power
OF gold. The whole contention is+be-
tween those who deal in money and
those who produce and deal in commodi-
ties. The producer and dealer in
commodities is interested in obtaining
profitable prices. The dealer in money
is interested in commanding the largest
possible-quantityo Of property and COM
modities for each unit or dollar of his
money. This is the financial issue in a
nutshell. The whole question at bot
tom is one Of prices. This is made per-
tfectly clear by some editorial remarks in
The New York Sun. The Sun says
Representative James i. Cobb, of Ala
bama, is reported bya Washington news
paper as making the following decla-
ration: ,,t4 fea s.ts' 49, 1fig
.',rhe one issue in Alabama politics at
present is the silver question. | am in
favor Of the free coinage OF silver and
gold at ratio OF l6 TO l, and l see no
necessity for waiting for an international
agreement believe that this is the
sentiment Of the. Democratic party in
Alabama, but this does not mean that
the Democrats OF my State are not as
firmly determined to have sound cur
rency rs are the so-calledi sound money
men. We believe that free coinage
would actually make the commercial
ratio. We think that the decentralization
of silver in 1873 caused the decline in
the value of the white metal, and that
again making silver a primary money
would restore its old value. am sure
that did, the Democrats OF Alabama for
moment think that free coinage would
result In deprecated currency, they
would not for moment hesitate in con-
demning 1t. There are no fiat money
We should IKE to know how, if the
free coinage OF silver is not going TO
depreciate the currency, 1t will have the
effect Of counteracting the fall in prices
which so,many OF the silver men insist is
due 10 adherence TO the gold standard
II silver, coined nj the ratio of 10 TO |, is
70 be, equal in value TO gold coin, prices
will remain Just where they are now
We fancy that Mr.. Cobb either does not
speak the truth, OF, that he is himself
deceived. The great argument for free
silver, all along, has been that il will
cheaper the dollar and give the farmer
dollar busbel for his wheat Instead OF
half,ad dollar and the cotton planter 10
cents pound for his cotton instead OF 8
cents. isNeithero OF THESE things can hap
pen II. what Mr. Cobb Gays ID, trae. =
The'Sun.heads these remarks ".The
Eject o. Free Silver Coinage 1t viii
be seen,that The Sun loses all its gump-
tion when II comes to discuss the nnsa-
clal question, IT maintains that 4 rss
In prices means unsound, or deprssatsd
money, forgetting that. II this theory be
correct, all our money and all the worlds
moneyz-gold, silver and paper--was
deprecated up to-a few years ago.
Thssunis fright about "the great ~
gunentr in favor OF the free coinage Of
silver Geld has more than doubled In
value as the result oftaking the place Of
silver as the .meney Of final payment.
The free coinage men want TO take away
a part OF that nnnatural and artificial
vealue and restore Il to silver and to the
fproperty and the products Of the people.
That Is the whole policy Of those who
are in favor Of restoring silysrto It's old
n a = Ill