The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1895-02-20
will Help The Spectators and The
Silver Miners, but Not the
LabOring Man.
What Free Coinage at I6 to !
Means.
From The Standpoint of a Single
Standard Organ.

we ind in our Kentucky eNchanges
"The three banks of Bath county have
on deposit s25O,O0O"
Here is one county, and not rich
county at that Multiply it by one hun
dred and we have total deposit in the
county banks of 100000.
This does not belong to the rich; it
belongs to the farmers, to the small
merchants, to the mechanic laying up
little by little to buy him home.
These numerous small depositors
would retire any Statesman" who pro-
posed law authorizing these banks to
pay their depositors fifty cents on a
dollar.
They would retire any one who would
propose legislation authorizing these
banks to pay their depositors in clipped
gold dollars.
Yet Senator Blackburn appeals to
these depositors-to these and the saw
ings bank depositors in our towns and
cities-and proposes to them measure
OF relief-at their expense-for the sill
yer miners of the West.
Free coinage at 16 to means that the
depositors will accept payment in silver
at twice its market value, for the relief
of Western silver miners.
1t means that the wheat raiser-the
price OF whose wheat is fixed in Liver
pool on a gold basis--shall accept so
cents for bushei of wheat, and take
in payment silver at double its market
price.
Why do not these fiatists propose for
the government to buy all the wheat at
81 bushel, and all the corn at so cents ?
The poor man who has hard work, in
good times, to save anything is tired OF
hard times.
1t will not make times easier to give
two prices for silver, for you must pay
for silver in wheat and corn and cotton,
and the labor of day.
1t will not make money easy or more
abundant to give two prices for silver
for we would at once lose $500 900 900 Of
gold
Free silver will help the spectators
and the silver miners, but it will not
help the laboring mao
But We are told b. the advocates Of
free silver at will help the d, btol
class"
Well, does Kentucky, the great State
of Kentucky, with all her boundless re-
sources, belong to the debtor class? Are
our people bankrupt?
Not if Bath county has S250,0OO on de-
post in its three banks.
Kentucky is not a poyerty-stricker
State and it is not disposed to compro
mise what debts it owes at 90 cents or
the dollar.
The debtor class and the creditor class
are not separated by great gulf. A
farmer has some money on deposit an(
some wheat at the mill and some tobacco
at the warehouse. He is the creditor o
the bank, OF the miller, of the ware
house. He owes his merchant, and t
this extent he is member
His merchant has bought goods on 81,
months time he is debtor until it il
paid, but he has sold his stock Il
his customers, 80 he is creditor as well
and so is it with all society that is indus
trious.
Senator Fair died owing $50 900; HI
belonged TO the debtor class. The maj
who "sponges" on his friends has Dor
rowed Of every body and pays no one
he belongs, with Senator Fair, to tn
debtor class.
But even these are not benefited b.
rspudiation, by clipping the coin, b.
cheap money, by any lowering OF on
standards.
The man who intends to pay wants al
opportunity TO work, TO sell, to invest, +
trade he wants business to revive an
capital TO return, and times TO get good
This will never be until we have fnau
cial peace and, under the system of free
coinage, financial peace is impossible
Louisville Post.