The Canton times., 1895-06-14
CURsENCY.
Ed. TINES.

EQ. LINES
The free silver people in our opinion,
are lnisconstruing the act OF 100 IN
will find below, u few words oaee"
facts. and no advocate OF Tree au. a.
limited coinrge Of silver VIII ua'o ..n,
mute them. These were cnPPsu a
pamphlet entitled, "A finane
Catechism" by Fred Perry foMsrn ....;r.
The first question asked is this. M ~,
some particulars OF the growth 9. one
country since about 1878. De'~ren
1870 and 1890 the population OF ne y,
ENGLAND ard New York ncreaseu 90. o.
nrr cent, but betwesn 1873 anu ioD.
The number of depositors In savings
h. nlts. increased s6 per cent, anu .nn
amount of their deposits lncreaseu ~
mar cent. BetweenflS70 and lsso ene
incubation of the United States
creased So per cent. but the nu.noo. :.
4 nersops insured in life companies Ia.
r.nort to the New York Insurance. De
nartment increased l04 per cen1, anu
I lie amonpt Of their policies increased
ia nercert. According to the Census
ranarts. the true valuation OF a.. rea,
and nersonat property in the United
states per capita, was $3.50 IN io.o. ~
AZ. 10 in 1880, and $lO'39 IN isso. ne
valne OF the farms in the SIX SUITES
I,l;no;s Iowa. Minnesota, Wisconsin, !,
M;chioan and Missouri, increased o4. !
49, cant. between 1870 and 1880, ano
dadnctinp the popu q ion OF towns @
sooo ;nhabitants and over, the rest 9,
!, ,ha nopulatiou in those states Increase
A. ner cent. The farm values IN .ch'
s;~ states. North and South Carolina
G..or1;a Alabama, Mississippi ane
: Ion;siapa. increased "a per cent, DC
! tween 1870 and 1890, and the popuia
: t;on Including cities, increased 81 pc
can't Valuations in 1870 were In az
;. nraciated currency. From 1873 to lsS
- Tho increase in railroads constructed
:: and in opperation in the United otates
was 107. .4Ss miles, or about lSo pc
:, cant .sWhat checked the course 9
= nrosnsr;tv in ls93?'' "rhe silver ag
tat;nn. Under the Sherman w.
. three wears about $176 100000 OF pape
:, : was issued against purchasers OF siive
y The country did not need such an oa'
= d;tion to the circulation, and goio wei
y an;dlv to Europe. The government
=; stock of gold was reduced lower Ina
~ er'nefore. and it was very douot1
~ whrtber the Treasury could <" on r
~ Jaemino its paper in gold. SO peop
"a nade a rush for what gold there WI
Il. =. and locked il up. Bank depos,torsg Z Z
u scared and drew out their deposit
=. - Ranks then had to refuse loans for la
s s of money, and merchants who neeo'
W Recommendations failed. Mannfa
~ tnrers who needed advances naa
~ ~ shut down. Every body was afra
v that cheap dollars would be issue
~ The advocates of silver kept insistl'
~ that they would force the issue OF enc
a. a. dollars, 50 Europeans who held Am,
an lean securities, sent them back 10 u
~ ~ country to be sold for gold, before
20 silver era was established. Ihey q
a.. M been doing this from the time the oh
he man law was passed, and this was Q
Of reason why gold had been going ou.
70. % the country. AS madman VINO ca
~, on eth firebrands, arrows and deaIn,
on The The anthors of this devastation po
1h 'hs gleefully to the ruin they have wrong
sa s.s as the reason why they should De
ns ,ds trusted with the means OF complet'
ers II"
;es. Tbe above does away with ali OF
Ted fallacious arguments the siiverites
du- putting up. about the DOWNFALL oi
,er- country since 1873.
5 HENCE