The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-06-07
A GREAT DELTVERANCE.
Concluded from page ~


that her morey system was the
cause, but | do believe that it was
the condition that made her sue
cess possible. 1t has made her
the great creditor of the world, be-
cause the needy borrower knows
that when he goes to her to borrow
he will get British gold and not
clipped coin. 1t has made her the
banker of the world, because the
dep9sitor knows that when he puts
his good money there he will get
good money back, and not shin
plasters, or deprecated silver.
Old England has simply made
common honesty cay, and it is fol
" for US to refuse to learn from
her experience.
Do you value illustrations? If
so take the picture the alternating
bimetallist draws. Strike out one
reservoir, strike out the connecting
pipe and stop cock, and double the
area Of the case of the remaining
reservoir. / dare say then that
You will have a machine so simple
that even John Sherman can't get
it out OF order. and yet one that
will "distribute the effects Of an
excessive supply or demand over
as great an area" as both OF the
bimetallic reservoirs.
Perhaps the most feasible bimet-
allie scheme is that proposed by
oar distinguished fellow citizen,
Hon. J. a. 7. Campbell, and sug-
gested independently about the
same time bv the great English
scientist, Sir John Lubbock, which
makes all deots payable half in
gold and half in silver. In theory
it is eminently fair and just, but
while free from many Of the acct
dental objections, it retains the in.
herent weakness of all bimetallic
schemes, in that it's sanction is
force and not consent. If that
great and growing mass of business
which is beyond the control of le-
gal tender laws, should freely ac-
cept it, it might work; if it should
reject it, either for inconvenience
or other cause, it would fail.
And now | come to what | may
term the last ditch Of the silver
men They say your theory may
be all very well, but there is not
sufficient gold to do the business of
the world. Few men know how
much gold there is in the world,
fewer still who know how much
business there is in the world, end
if both were known, none could
tell whether they would balance,
until it was tried, for with a COM
mon unit and Il common money
system, new conditions would pre-
vail. Hence its value is naked
assertion that is improved and I'M
provable. But | shall not discuss
this question fully now, since it is
one that for many years must be
OF more concern to the theorist
than to the man Of affairs. For if
1t be true, the best way, because
the only way. to adjust this matter
with any degree Of permanency, is
for the present gold countries to
retain their standard, and to aid
and encourage the present silver
countries in retaining theirs, and
then for all to cooperate in the
use Of silver in the small transac-
tons Of life. And a monetary con-
ference could be of service in that
direction. But in passing | may
be permitted to suggest a few
things that will help any one to
think out this question on its mer.
its. There is more gold in value
in the world than any other avail
able money metal. Every grain
Of gold that IS used in the acts
serves quite as useful purpose in
giving character and stability to
the unit of value, as the gold that
is coined into money. And if the
only junction Of money was a
measure value. in addition to that
thus used in arts, a handful of gold
would suffice to measure all the
values in the world; just as a sin
&c pendulum that beats seconds
in the tower Of London serves 10
measure all the lengths in the
world. \ good dollar will do
more work than a cheap one.
England, with one half the money
OF France, does more business and
does it better than she. Economy