The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1895-12-04
.S*
In q Stow.

| AAsoAo. I@eHuouHy W. feau " putn0tlO
article in somo recognized eastern
financial organ and wonder whether
the ablo oditor has not discovered that
he and his brothren who find intrinsic
valuo in pioce of yellow motal have
bltton oil moro than they can chow
! Hero, for instance, is The Now York
Journal of Commerce, whose editor is
one of the blindcst adyocntos of tho
single gold standard. That organ is
in II tromondous stew over the removed
shipment of gold. It is reforred to as
"this extraordinary moycmont," it is
described rs almost crisis, and the
editor has no hositatio whatever in
saying that it is a very ''grave state Of
a1lairs.''
So it is, but tho export of gold is not
! nearly such q serious matter rs tho
shrinkage Of values and fall in prices
caused by tho single gold standard.
For every dollar of gold that goes out
lts owner gets something in return,
but tho immoneo sums, representing
the difference between values and
prices now and three years ago, havo
boon absolutely lost to tho pooplo.
We wero told two years ago by such
men aB tho editor of tho Journal of
Commerce that thore was md would DO
no scramble for gold, and yet hero is
tho scramble going on right under
tloir noses. Thoy oall it "a worry grave
state of affairs" and yet do not sccm,
| to realize what il MI means. They had
ono explanation Of it last week, an
other this week and they will havo still
! anothtr next week.
! SO far as Tho Journal of Commerce
is concerned, it perooiyes that tho is
suo OF bonds is no remedy, and it fails
to sec that congress will devise any nd.
cquato remedy. Consequently it hope
lcssly beats about tho bush, pats the
banks on the back with ono hand and
jabs them in tho ribs with the other,
and is altogether in condition that
calls for cracked ice and bolus.
If both gold and silver wero tho
money of final payment-if we hod
something else besides reckless inca
pacity in the management Of the treas
nry, tho law would nevor havo boon
violated and wo would not bo export
ing gold when, according to all oxpe-
ricnce, we ought to bo importing it.
Nobody would be hurt by all this if
silver supplemented gold rs tho money
OF final payment. In fact, nobody, not
even tho uneasy financial exports,
would pay any attention to it.
Meanwhile it is tho duty Of the poo
| pie, in behalf of their own interests, to
| get together and continue to fight tho
Legislation by which silver was secretly
demonotizcd.
| Judge Crlsp's Speech.
From tho Atlanta Constitution.
III describing the visible and physi-
oal effeots of the single gold standard,
Judge Crisp calls attention 90 the faot
that the laboring men and producers
Nof this country have had it for twenty
years. The result is, as he shows, that
wages have gone down, farm lands
have gone down and prices have gono
down, while both debts and taxes hnye
| been increased.
"Who is benefitted?" nsks Judge
Crisp. "Not our merchants; not our
railroads, for they have nll gone into
tho hands of receivers. Who is bone
1ittcd2 Nobody except those who havo
fixed incomes. This condition certain
| ly justifies mo in saying" continues
Judge Crisp, "that tho experiment, tho
republican experiment of single gold
standard has not worked to tho inter
est of the massos of tho plain pooplo Of
| Georgia, however it may have affected
other localitios."
| This statomonb of results hardly
needs any argument to bolster it up,
Tho facts arc plain. They are con-
croto. They stand ont visible to tho
nakod oyo and aro not being denied
any moro than tho ovonts of ordinary
experience that can be seen and under
stood even by those whose reasoning
faculties have not been sharpened by
development.
Tho course of events has boon so
PLAIN that it docs not necd argument
to support it, 1t is only necessary to
remind people Of facts that aro com
mon to the experience Of all who take
any sort of intorcst in current affairs.
From 1850 up to 1878 wages and
prices woro rising, and tho common
pooplc-tho producers and tho wage
earnors wero prosperous. That year
the republicans clandcstinoly demone-
tizod silver, and from that day to this
wages and prices have bcon gradually
falling. Tho decline was partially,
but not wholly arrested by the opera
tions Of the Bland lj;son act, which
added $24, 000,0 year to the legel
tender coin of tho country. The fall
Of wages hns mot with much moro So
rions resistance than tho fall of prices.
This has been duo to tho power and in
| huonco Of the labor unions. Since