Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1895-06-22

as he1s 81 trsde and IN dustry, where II no long,
N yieifs safe and sure return, and its lille n,
a cuthnlatlon In the ranks and in the great ,pons
cehtsrs Of the coui try.
- there Is no health or soundne,s In fInancis
sSStnin under whirh a boarded dollar is pro
n uuctFe OF increase to its possessors, while a
m in!esled dollar yields constantly
: :; diminishing return, and under vbicl
~ fortunes are made by the accretion
VI i.ie capital or destroyed by persistent fal
~ tne price OF commodities and persisten
b. o"ihdilng In the margin OF profits in almos
!. every branch of useful industry
Such system is premium upon sloth and \
rehaity upon industry. and such a system Is
.hat which the criminal legislation OF 1879 has
' IMPOSED upon this country.
ING oiHetali,sts' standard Of silver and gold
r. as D.nihu IL inc experience OF ages, and has
oeen tested and approved by the enlightened
ana deliberate judgment OF mankind. The oold
I s.auaara IS departure from the established
po'icy OF the civilized world with nothing IN
, ooi1henu IL put twenty-five years OF depres-
siou ana disaster to the people and extraordi-
the few ~ 'he nahos OF
~ mere are some facts bearing on this rues-
'io' recognized and admitted by all candid
men, whether advocates Of bimetallism ar NJ
.he single gold standard. Among these is the
,aoe tnat the very year that marked the change
.,oih the Dlmetallic to single gold standard is
.no very year that marked the change from a
ronuition OF rising prices, large profits, general
eoptehtnent and great prosperity to condi
'io', OF railing prices, diminishing profits inse-
.urily OF Investments, unemployed labor and a
neaVy depression in all branches Of trade and
industry. 1t Is not a matter of disputc even
| among The honest
ara tnat general prosperity came to an end
win destruction OF the bmetallic system.
ana that hard times, falling prices, idle work.
'hRmeh ana widespread depression came in
WIN the Roid standard and prevails to-day
"hnreVer the gold standard has been adopted
CAUSE OF DEPRESSION
Every International monetary conference
eha' mas been called, every demand in this |
country ana IN Europe for an International
agreement to establish the bimetalic standard
IL confession that the decentralization OF sill |
'cr was blunder, il not crime; that its con- |
| sequences have been disastrous and that tho
oohaitlohs that 1t has wrought are full of men
ace ana OF peril The logic Of facts establishes
oeyonn intelligent question that the destruc
uoh OF silver as primary money bv con.
smlacy OF self-interests is the cause of the
VICE depression and suffering that began with
Wv. WV soio Standard There can be no restora-
pro ,..s nor permanent rellef from
pre'alllng conditions, until the great cause has
oeen removed by a complete restoration of sjI-
yer TO its proper place as money metal. eoua1
with gold Au"i
We peiieNe IN money OF stable value We
uoieNe ieast OF all In an appreciating standard.
metaIiisr, ~, sn .io pfaeticai operation OF bl-
hn soo,,.aa o.aoio e'ahoara OF value can
co,.,,I constituted OF money
nor .,,h,a ,res i., IN 'aiue is not sound
nor d stable standard, but a constantly chang
lisr, 10 - aa... enoou vi gold monometal'
itor ranaons,. S,aoi.sh one standard Tor the cred
no ,nore dishanat .iie ueptof' anu there can be
whinb ,.,'' u,ohones' monetary system than that
lorr, rnr,a.,. so'. measure 10 the borrower and
w Irnhe a.e"suie 70 the iehder.
,h.,a VIZ po.oy pre'ainhg preceding 1873
ti,a - no 'ioiehe chahse IN the rela-
i've Vhlne OF the two metals for a rise in
n d.sraas.s VI = "ne lne'"i ~ counteracted by
tb. a,sas 1I ueniahu ana fall in value by
hon,sga on'et ene operations OF this
moin,aina,, Nv" hs, "uu e,taohsneo relation was
ev,r.n,a a.a 'hei'' IN spite OF most
Fron, ,ho 1910. ,oia'Ve productions.
,o-o ~ wy o"iics. period OF our history up to
bo the risn. OF .he debtor to choose whether
was Uu ainnu pay LIS ueo's IN SILVER or gold coin
has ha. .eoosh'Neu, Inc subsequent policy
TINS tendinn 20 ms lieht 10 tne collector
~ ~ dan W .ono'antiy increase the value
twson -, A-e'"i ahu oes'roy the parity be-
Believing tb..;. :. ,
r,vo,. ~ tnae ~ ~ aosoiuteiy necessary to
tboro,ara l'ii .liiui'ous ana fuihous policy, We
nv,,.~r, ,.,, q
anu. 'ihNhH RESTORATION
silver t ,s ,..e .',ii'io"late restoration OF
,,anao.a Us ,o'lior piace as fuli legal-ender
''anoaru money, equal with gold, and the free
n tho ra,ie,.t "se ,e VI ooVh s'iVer ana gold ]
,naIitr ~ W anu upon terms OF exact
That while we should welcome the CO.
Tntod Ctat H.,,'a a.lons, we pelieVe that The
,re NJ tonair '.a NV "ai' upon the pleas 81
or,i,.n o'si. ko' '9iuiuehcs OF the consent OF y.
o,, 70 ,.,,saso ., DuV shoui" themselves pro- n
avin, ,ho .assi,,' - 'uuis process that Is de- Al
end bv ,hojr o,a, y, VI. people, ana should file
arth !" 0N"iiApie VIC nations OF the III
mat tho r,,,,,s -, a.. -,.. a..
eroStS ,V -, y, ,he american people, IN I'll
an Industry lave bi,,,a ope'" o,at Vi Aiheri- 81
ideratjon of tha n0orIo,a , .l"lui w tne CON w
reed of ,oreign craat,eua HaSe's thah inc on
emands made hv idla hn,d.s '1e nNal'e,ous sn
he rich. tn r.gn,sta ,,s s,. VI wy capital r.
I'm in ,be ,n,orn.,s .'one.afy sys-
eonIs 10 -, VI Tvs own an
overnment can barter, sell or surrender. ir'
@ m.s reserved right is part Of every bond, OF pl
editor or cIaimant 70 ..,v s., ~ op,saaon' no pa
Ike precedence over nations Obligations 10 er
,one Tbjs 4, n AN. ,n-, masses vi i's own ra.
. tban ali o,h., 80. nsi uhu moro oiiu- N'
,lv dshon.., h,, "u vne Nhlch IL is not pc
1r,dau VAC W ikhofe' de
ala IL pui,,s .ua. no" prevails the land so,
"a a 80 80 -ute anu oiseoh'ehtea workmeh tb;
ho,, l., ~. =. ~ ~so".hs army ol trahps-men
tsasis anS nsUasr U,a anu oppor.ahlty nave made on
MA ftd
at few thousand families avn my we tno , Oh
.a,,h ~ u ,ho taih'ires n own one-haif the pal
,alth has sona ns hsra Inc is een.raliza,on @ OF G
read Of poverty The pauper and tho n n,u,oe ,ne t
at are twin children of the same vicious and N
noly system Ihe system is full Of menace !
nuhIc the t' ss ,me people ana .he me OF the pla
rvitude. Whatever the power n, monsr cnu cnu in
by debauchery and corruption to maintain 1T
grasp on the lawmaking power will be DONE ere
we, , .nerelore' appeal to the plain people of the
tro,ism and irt.i,i.srce ] connaen.e m IN .heir son
YES to a full sense OF the perll that con CON- affi
nts them and defend the citadel of their lib gal
nor sleep u
ING io,io",nR resolution was also roo
eseh'eo ana Aaoptea; llnj
msmn.r ,ua tna. s somail!ee composed Of shr
delegates thereof in ,his appoan.ea oy hes
~ it shall be to correspond with the renrs7 Il
and odyo,a,a. 80 ai..-.-,,t- lile