The Canton times. (Canton, Miss.) 1893-1906, 1895-04-12

do the same for the owner Of Gold Bull
lion is Glass Legislation and discrimin-
alton against Gold. Was it not Class
Legislation that demonetized Silver 10
1873 in favor of Gold. At that time 16
parts of Silver, the amount OF Silver in
Silver dollar was worth as much as
the Gold contained in gold dollar
and would have been worth as much
any day from that day to this II Silver
had not been demonetized. There is
your class Legislation and since that
time our democrats in Congress have
tried to remonetize Silver and Secret
airy Carlisle helping them until the
democrats got control OF the affairs
of the Government and the people ex-
pected that Silver would be remonotiz-
ed but with the aid of his secretary and
a large majority of Republicans and a
small minority of Democrats repealed
the Sherman Purchasing clause and
again demonetized Silver but yet every
Silver dollar that has the Government
stamp on 1t is worth as much as your
Gold dollar and will buy as much in
the markets. just suppose you do
away with Glass Legislation and de-
monetize Gold or open our minis to
both alike and give the two metals an
equal chance and see how they will
run together As you are not willing
to be governed by the parity of the two
metals at ratio l6 to l from the
foundation of our Government to 1878
give them an equal chance from now
on and see what they will do. Mr..
Editor you say that the free coinage
of Silver is not an issuance of money
direct to the people but to those only
who own Silver Bullion. Well does
the free coinage of Gold, issue money
direct to the people or to those who
own Gold Bullion, how are the people
benefited by that? Does the Govern
ment issue money direct to the people
when it issues Treasury notes. II does
not. Well, if your argument holds
good as to Silver the people will not be
benefited by the issuance or coinage of
any money.
You say that the free coinage Of
Silver at q ratio of Is to l is in direct
opposition to the deliverance Of the
national platform and, etc. As follows
we hold to the coinage Of both Gold
and silver without discrimination
against either metal or charge for
mintage. now did our Congress carry
out this part of the platform; is Gold
admitted to the minis for coinge if SO
there is discrimination between the
two metals because Silver is not coined
in the United States at all. Give the
two metals an equal chance at a
ratio 16 to and if the dollar unit is
is not equal we will try and eqnaIize
them either by increasing or decreas-
ing the ratio of Silver as may be
necessary to secure parity between
the two metals. Mr.. Editor enclose
you clipping from the Atlanta Con-
which you will please copy as
it gives some of the reasons why we
lazy ignorant free coinage howlers are
for the free coinage of
Silver. Its the opinion of your humble
If our minis were open |
to the free coinage of Silver the price !
Of Cotton would advance to or 10
cents per Id.
Your Respectfully.
w. b. J. BARNETT.
Revive, Miss, April 9, 1895.
AGAIN HIGHER.
From The Wall Street Journal
A house wi ich does large business |
Ia cotton says: There is great deal /
said about the manipulation of cotton,
but itcuLsa very small figure compared
with the great factors operating in it.
The greatest element in cotton specul-
alton at present is the price of silver.
Whenever silver has advanced of late,
cotton has risen. The reverse has been
true. This is, of course due to
the intimate relations existing between
English COTTON manufacturers a,.d the
great eastern nations. The Manchester
spinners have very small stocks and
must be steady buyers If their mills are
Kept running. The effort to restrict
cotton acreage this year is likely to be
in some localities but it will
not be adopted upon scale large
EMO ugh to affect the crop materially.