The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1895-04-20
TO THE DEMOCRATIC VOTERS OF
THE ETWENTY-EIGHTHs sENA-
TOKIAL DISTRICT.
In making formal announcement of

Importance. am among those who
believe that the demonetizatio of sill
YER is the prime cause of the present
stagnation in business and the general
depression OF values. Money, in my
opinion, is like any commodity-dimin-
ish it in amount and the tendency is to
enhance its value: increase it and the
reverse is the case. And as it is simply
the measure of all values, the price Of
other property, save evidences OF debt,
which are simply unpaid money, bear
an inverse proportion to its val lue.
Since the repeal OF the purchasing
clause of the Sherman law, (although
the act making such repeal expressly
declares it to be the policy of the
United States to continue the use OF
both gold and silver as standard money
I know of no statute looking to an in
crease of the volume of money one dol
lar, save through the coinage Of such
gold as may be offered. The contin-
ued tendency to lower prices indicates
clearly the insufficiency Of this@to meet
the demands of increasing population
and commerce. On the other hand
there is slight, but continuous dinin-
ution of the volume OF money from loss,
from abrasion and from fire. With di-
minishing supply and an increasing de-
maud for money, it appears to me that
unless remedial legislation is given,
the lowest prices of property, products
and labor have not yet been seen.
The experience of mankind has taught
that gold and silver are equally fitted
for use as money, and they seem espec-
tally ordained by nature for the pur-
purpose. OF thestwo, silver is more
durable, and leasetubject to abrasion.
Gold is the moneFOf the millionaire: it
is scarcer, therefore higher in price,
and is more readily boarded. Silver is,
and has ever been the money OF the
people; its relative plentitude and
greater durability conspire to make it
better fitted for purposes OF general
circulation. The demOnetizatlOn OF
either is a wrong to property holders
and the laboring masses alike, and only
rebounds to the interest of those who
hold the accumulated monied wealth OF
ages, either in the form OF moneyesim-
pie and pure. or in bonds and other
evidences of debt that constitute lien
on labor yet unperformed. | believe
in an honest dollar and not one that re-
uuires an individual to part with itwo
dollars worth Of property to obtain one
dollar in money. AS statistics show
that in recent years the amount OF the
worlds silver has not relatively in
creased as compared with gold, its con.
tinued decline in price'is attributableto
one cause-adverse legislation. In a
word, the demonetizatOn OF silver, by
destroying its chief use, viz: its use as
money. has lowered its commercial
value, and at the same time, by dlmln-
ishing the volume of money has re-
duced the value of all other commodi-
ties. Its reconciliation would in my
judgement, restore its commercial
value, enhance the value OF all prop
erty, and give to labor proper remuner-
alton for its expenditures of Drawn and
muscles. Possessed of these convic-
tions, | favor the free and unlimited
coinage of silver, and believe that with
its reinstatement we shall see return
of that prosperity to which OF late, we
have been such stranger. | am no
recent convert to these views, having
heretofore expressed them in private
speech and public action wherever
occasion demanded. | therefore give
no qualified endorsement OF the views
and votes of our Senators and represen-
tatives in Congress, save the one nota-
BILE exception-in their position on the
silver question. Without qualification,
think their action has been in strict
accord with the highest sense OF in:eg-
rity, and in line with the interest of the
Deople they represented. If elected,
shall vote. for United States Senator,
for that aspirant who views accord with
the foregoing, and whose in my Judig-
ment is in other respects most worthy
Of thc'position:
In State and local affairs, retrench-
ment and reform is the cry OF the hour.
Upon this question be..eve the true
standard to be IAN honest government
administered. WhlIe
in the march OF civilization Mississippi
can afford to take no steps backward in
the maintenance of her varied lnstltu-
tions. vet every appropriation should
be viewed with the closest scrutiny and
in its amount due regard should be
Maid to the enhanced value of money.
In other words, to adopt the recent
motto Of the Commercial Appeal:
'STaxes must come down" and to secure
this end the next Legislature should be
strictly business-like in its methods.
III due course of time expect to meet
the voters of the district, when I shall
be pleased to discuss any other matter.
of public interest. Twill state in con-
clusion, that my farming interests will
require my close attention for some
time yet, and I shall probably not be
able to actively enter the canvass as
early as others. ] therefore take this
method now of soliciting the suffrage
OF each and all Of you, with the trustful
hope that the near future will afford an
opportunity for the personal presenta-
tion Of my aspirations.
Very Respectfully,
w. V. MOORE.
Oakland, Miss, April 6, '95.