Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1895-03-07
COMMUNICATED.
JARnoEsvILLE, Feb. 25, 1885.

JARnoEsVILLE, Feb. 20, 1885.
Messrs. Editors The 53rd Congress
will soon expire by Constitutional limita-
ton, and as intimated in my communi-
cation to you, published in your last issue
before Christmas, no financial legislation
has been accomplished. Nor can any
thing possibly be accomplished. Our par
ty is hopelessly divided on the silver ques-
ton, and it will be left to the 54th Con-
gress to try their hand. That they are, at
the present time, az far from any agreed
plan, as is the present Congress, is we'll
known. The future alone will tell ifthey
will be able to bring order out of chaos.
The President, in his endeavor to main
tain the parity of the two metals, and to
preserve the national credit, has been re-
luctantly forced to another issue of bonds.
He, situated as he is, could not well do
anything else. But in my humble opin-
ion it only aggravates the evil. 1t is
condition and not thing" that we have
20 face. The theory" OF maintaining the
parity of the metals and keeping up our
credit abroad is all very well in public
sense, but the conditions" in doing so
press with crushing force upon the poor
The vast majority OF our people are in debt
They far out number the creditors, and
while il works splendidly for the latter, it
tells with correspondingly bad effects upon
the former. The debtor has to pay in an
enhanced, and constantly enhancing cur
rency, a debt that was contracted in an
inferior currency.
My idea upon this matter have never
seen more clearly expressed than was done
by Chandler, of N. e., republican though
] he Is, in his speech upon the Wolcott res
olution. 1t struck me so forcibly as stat.
ing the truth in a nutshell that enclose
the clipping, and don't think you could
do better than publish it, that the thinking
people of our county may understand for
themselves the condition" that confronts
us. He said
I'm Difference to the prevailing opinion
of New England, and because il may be
unwise to open our own minis 10 the nm
limited coinage ofsiiver without conca
action upon the part ofother great nations.
shall vote against the pending resolution.
But / very much regret that can not also
now vote in favor of some affirmative
measure in the direction Of - klIism, 70
promote which the Republican, party ID
sacredly pledged by the promises of its
national convention in 1892, which, as yet
nothing has been done to redeem. Bime-
tallism, as / understand il, il the use Of
gold and silver as money metals, each
equally entitled to coinage as money in
the minis of the bimetailic nations
LAS long as our minis are absolutely
closed to the coinage of silver bullion we
shall be fast approaching single gold
standard, if we have not already reached
it. Gold monometallism Is our destiny il
some affirmative action in another direc.
ton is not soon taken. Against the adop
ton for America of the single gold stand
ard it is my duty TO speak and act in &C.
cordance with the pledges Of my party and
with the interest of the great mass of the
American people-debtors, producers and
property-owners. 1t may belt doubtless
is-the pathway Of strength and honor for
the national government 10 pay all its ex.
isting obligations in gold. But that is q
small branch of the pending question. II
is agreed by all writers on political econo-
my and the question Of money that d.
minution in the quantity Of the metallic
money causes an appreciation of the re.
mainder and produces fall in the prices
| of all commodities.
"If there are $4,000. 100000 of the gold
and s4,OOO,OOO,O00 Of silver in existence
constituting together the worid'd measure