The Caucasian. (Clinton, N.C.) 188?-1913, 1895-06-06
A BIT OF sHERMAnIsM.

AeAPAu6 ony'
A BIT OF sHERMAnIsM.
The Republican party of Ohio held
. State convention last week. They
endorsed Mckinley for President
and Foraker for United States Sena-
tor, and nominated Asa Bushnell, a
wealthy manufacturer, for Governor.
John Sherman made q speech-one of
his straddling, notwithstanding,
but real goldbug speeches. He talked
about getting Europe to agree to
free silver before adopting it in
America. He still belongs to the
London bankers and English Jew
syndicates. A very handsome oil
painting of Jno. Sherman is one of
the first things q man sees when he
enters the Bank of England. Jno.
Sherman was the chief instrument
through which these bankers had
silver demonetized in this country.
That's why they paint his pictures
and call him great fnancler.
He said in his speech, when refer
ring to the free coinage Of silver:
This is the monometallic system. It is
the degradation of our dollar to fifty cents.
II applied to our national ponds it is a re-
pudiation Of one-half Of the public debt.
II ID the reputation of one-half Of all debts"
What q great financial sermon
there is in these words! What q
great light and understanding would
break over the people if they would
study and think over such utterances
as these! Let every man everywb ere
try to get all other men to discuss
such matters and see their full mean
ing.
Jno. Sherman tries to leave the
impression that the free coinage of
silver means a silver standard. That
is not true. 1t means the same sys-
tenn Of finance that prevailed before
he stealthily helped to demonetize
silver. Nobody spoke of that system
as "silver standard" and yet the
country was prosperous.
Now, here is one great point plain
ly brought out by Sherman's utter
anoes, and this point alone ought to
settle the question in the mind of
any doubter. Watch and listen! He
says: Free silver means Reputation
cfone-h0H Of the public debt. 1t is the
reputation Of one-half of NIL debts. Now,
the public debt consists mainly in
bonds. When these bonds were first
issued they were made payable in
"coin." At that time "coin" meant
both gold and silper. Then silver was
demonetized. This act doubled the
value OF the bonds. Do you sect
And ever since then it has been
nearly twice as hard to pay these
debts IS it was before silver was
killed. Now, il silver were made
full money again by law, these
bonds'could be paid twice as easy as
they can be paid now. They could
be paid in the same money for which
they were sold-"coin." But Sher-
man says this is reputation of one
half Of the debt. This is q false
statement. He helped double the
value Of the bonds by making them
payable in gold. Now when the PEG.
pie want to pay them in the same
kind Of money for which they were
sold-gold and silver-Sherman
howls about reputation. If the rs-
"sonetisation Of silver will make them
twice IS easy to pay. did not the
decentralization Of silver make them
twice ~ hard to payi Do you see
thisf Don't you see what q great
fraud and robbery these goldbugs
have practiced on the peoplei
Do you owe anythingi Did you
make . debt some years ago, when
you got ten cents pound for cotton,
thinking at the time that you would
get ten cents pound for cotton when
you went to pay that debit And
when cotton fell to Ave cents .
pound, did you not find that debt
twice a. hard to pay as You thought
it would be. 1t took twice Is m UGH
cotton, didn't iti And doesn't il
take twice a. much work and twice
ss many licks Of labor to make two
bales Of cotton as it takes to make
onei Study the question. Try to
get your bearings and then see where
you are at, and where you will get to
If you don't help to change things.
The Ohio Republican convention
adopted the silver (D plank of the
last national Republican convention.
It 10 . miserable, cowardly straddle.
It means nothing in the way Of re-
form.
The courts are the most reliable
stronghold for the shylccks and th.