The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1895-07-10
THE FINANCIAL
QUESTION
In a Nutshell. It Is Struggle Be-
tween Those Who Deal In
Money "a
.,.H5lWfl baip5f
!, And Those Who Produce and Deal
In Commodities.
$N Ef1JFTlf w0t gS''
The Whole Question Is One OF
= Prices.
AN IMPORTANT ADMISSION.
From The Atlanta c Constitution.

aN [From The Atlanta constitutional
We have shown recently in the most
unmistakable way that the whole effort
Of the so called sound, money, men is
to depreciate the prices, of commodities
and to sustain, uphold and increase, If
they can, the present purchasing power
Of gold. The whole contention is+be-
tween those who deal in money and
those who produce and deal in commodi-
ties. The producer and dealer in
commodities is interested in obtaining
profitable prices. The dealer in money
is interested in commanding the largest
possible.quantity of property and COM
.modities for each unit or dollar of his
money. This is the financial issue in a
nutshell. The whole question at bot
i, tom is one of prices. This is made per-
ffectly clear by some editorial remarks in
The New York Sun. The Sun says !:
Representative James L. Cobb, of Ala
bama, is reported by a Washington news
paper as making the following decls-
ration: ,irl las @uo 1tsa3 riA' p
',rhe.one issue in Alabama politics at
present is the silver question. | am in
: favor Of the free coinage OF silver and
/. gold at ratio OF l6 to /, and l see no
necessity for waiting for an international
agreement. believe that this is the
sentiment OF the Democratic party in
Alabama, but this does not mean that
the Democrats Of my State are not as
firmly determined to have a sound cur
rency as are the so-calledi sound money
men. We believe that free coinage
would actually make the commercial
values of the two metals equal at that
ratio. We think that the characterization
OF silver in 1873 caused the decline in
the value of the white metal, and that
again making silver a primary money
would restore its old value. i am sure
that die, the Democrats of Alabama for a
moment think that free coinage would
result In deprecated currency, they
would not for a moment hesitate in con-
demning 1t. There are no fiat money
We should like 10 know how, if the
free coinage of silver is not going to
depreciate the currency, it will have the
effect OF counteracting the fall in prices
which soimsny OF the silver men insist is
due 10 adherence to the gold standard
II silver, coined at the ratio of l6 TO /, is
10 be. equal In value to gold coin, prices
will remain Just where they are now.
We fancy that Mr.. Cobb either does not
speak the truth, OF. that he is himself
deceived. The great argument for free
silver, all along, has been that it will
cheaper the dollar and give the farmer a
dollar bushel for his wheat instead OF
.ad0llar, and the cotton planter 10
cents pound for his cotton instead OF 8
cents. u Neither OF these things can hap
pen If what Mr., Cobb says is true.
The'sun.heads these remarks ,'1he
Eject Of Free Silver Coinage, 1t will
be seen,that The Sun loses all its sump-
tion when II comes to discuss the nnaA-
clal question, 1T maintains that 4 ron
Ia prices means unsound, or deprskatsd
money, forgetting that, II this theory be
correct, all our money and all the worlds
moneyvgold, silver and paper--w was
deprecated up to-a few years ago.
The Sun Ii right about 'the great ~
gument", insiavor OF the free coinage Of
silver. Gold has more than doubled 10
value 90 the result oftaking the place Of
silver as thel.money Of final payment.
The free coinage men want to take away
a part Of that unnatural and artificial
vsalue and restore Il to silver and to the
fproperty and the products. OF, the people.
That Is the whole, policy OF those who
are in iayor Of restoring silysrto its old
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