The Hazel Green herald. [volume] (Hazel Green, Wolfe County, Ky.) 1885-19??, 1895-05-23

dent Of the United states In answer TO his
letter to the Chicago committee, wherein
the president advocates safe currency,
from which the following Is taken:
Assuming, rs must, that IL is want
of information on your part, without the
least desire to deceive the people, you will
pardon me for informing you forwhat
the advocates OF unrestricted coinage Of
both gold and silver contend. This con.
tention is so clearly stated by your sec.
rotary Of the treasury, Mr.. Carlisle, In
his speech in the house Of representatives
on February 81, 1873, that his exact
words have become the motto Of the bi.
metallists He contended for unlimited
coinage Of both metals upon terms Of
exact equality IS.
< "This is the contention Of the forces 10
favor Of bimetallism and opposed to gold
monometsllism, and this is the full ex,
tent Of the demands Of the advocates Of
silver coinage. Why do you argue that
a return to the coinage Of both metals
upon terms Of exact equality az estab-
lished by Jefferson and Hamilton and
maintained by all patriotic statesmen of
every party previous to the clandestine
decentralization of silver in 1873 would
debase the currency and destroy the
credit of the government Have you
ever compared the prosperity of the
country under your illustrious predeces-
sors, who maintained unrestricted coin
age of both metals, with the misfortune
and depression which afflict the country
under your administration Did it ever
occur to you that Jefferson and jackson
might be right and that you might be
wrong? Did you ever consider the pos.
sibility Of the radical change that you,
Mr.. Sherman and your associates in co
operating with you, term the forces of
safe currency, have made 2. 49,.
"You have. disregarded not only the
teachings of the fathers Of the Republic,
but you have reversed the usagesand Gus,
toms of the civilized world, which ex-
listed for thousands of years previous to
1873. You have destroyed one.half of
the worlds metallic money and enhanced
the valneto the other half fully 100 per
cent, You have compelled the debtor
to surrender more than double the
amount Of property to 5liquidate his debt,
that the money he borrowed would have
purchased at the time be incurred the
obligation You haveincreRsed thevalue
of gold by refusing the use Of both met
ais as money, and created a constant de-
cline Of prices until you have ruined en-.
terprise, deprived labor of .employmentI
and produced universal distress.
@"You now call upon the DEMOCRAT of
Illinois to present plain and simple ar
gumept, which will satisfy the people
that a financial policy which makes them
is sound money and safe cur.
rency. If you know such an argument
why do you not produce it? II you
know any argument that will convince
the people that ii is right for them to
suffer depression and hard times while
all the wealth they produce is absorbed
by the dealers in bonds and manipula-
tors Of money, i Is your duty to present
that argument without delay. Such an
argument would be a new discovery and
one never before used by any advocate
Of your sound money forces. If you can
show that the contraction of the volume
Of money. of ultimate payment 10 gold
alone has made times prosperous, nobody
else can. Itall depends upon your supe.
rior wisdom. The country is looking to
you, aud you alone, toexplain why times
are bard nnder your sound money pol.
icy. You have delayed the explanation
too long. The country is getting impa.
tent"
MAY the good angels protect Ken
lucky" says the Todd County Times. on
the free silver movement. ''As it was
in 1860, so will il be today Kentucky
will not go out. Kentucky had sad
experience from 1920 to 1926, and then
she sowed her wild oats upon this ones,
ton forever and for all time. Then ii
was she went with the madcap paper
money element, which afterward brought
down shame and disgrace nnon bar ,,ar;.