Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1895-11-15
ANOTHER CONVERT.
GOVERNOR o'FeRRALL DECIDES IN
FAVOR OF SOUND MONEY.

| poNeliioE " tcirail OF Virginia adds
another name to the already lopg list
of prominent men who have Changed
their position on the silver question aft.
vr long and careful study. His recent
four column Upen letter in the Rich.
mond Dispatch will give cold comfort
to the friends OF silver. Ne reprint
The following extracts from it:
II ann opposed 10 the FREQ coinauo of
silver i'll the United States except
through an International agreement
! with the great commercial countries of
| tho world.
81 do not believe this country alono
can maintain parity between gold and
silver ut any fixed ratio.
1--WE are strong in resources and in
'.ll The elements that go to make IL ia.
ton powerful, but we arc not strong
enough 10 live within ourselves, trade
only with ourselves, raise and mauui;,c
tuieall we need, consume and use ali wa
produce and make, import nothing. ex
port nothing and have no COMMERCIAL ne.
lationS with other countries. 70 deal
then, with other countries our money
must bo measured by their standard
when we are in their markets and the
principal countries whose markets wn
seek aud with which NO must deal i'll
selling and buying have II gold standard
1t may be surprising to some to
know it, yet it is an incoutrovcrtiblc
fact that gold standard countries furnish
81 = per cent of the International conn
moEco Of tho world, and that about 81
per cent OF thu exports Of the United
States nrc to countries having IL gold
standard, and about so per cent of our
imports arc from countries having tho
sano standard.
Shall we cut loose in our monetary
system front these countries of s,,clI
commercial power and attach ourselves
to tho small uiid weak nationalities to
which wo sell scarcely anything. and
from which our purchases are absolute
" insignificant?
There Is ITO country tlppt has dou-
bio monetary standard Wherever tlGrc
Is ireo silver coinage, silver monomctal-
ism prevails All countries with y yold
standard utilize silver as far us it can
ln kept at II parity with gold. That is.
gold countries uso both metals us mon.
py; silver countries only silver. The iii
dependent FREQ coinage of silver in the
United states would place her OH IL sill.
yer standard and in direct ant:lgonism
to the standard of tho countries with
Which sho does nearly all of her bust
hess.
''Will tho United States lower her
crest, withdraw from the strong sister
hood of nations which whitcns the seas
with tho sails of commerce and unite
her monetary fortunes with the weak
combination whose craft :ro scarcely
over seen and whose products and fruits
constitute so small II p6rcertago in tho
grand total?
viii sho corr iiiifst to stand with
,s,s tif;'1fy, Austria, Franco and Eng land,
or link her destiny with China, japan
and Mexico?
''Thcso arc my views, stated briefly
and conc;scly rs possible.
For the reasons given 1 am opposed
10 tho doctrine of free and unlimited
silver coinage without International
agreement with tho principal CONNER
cial Countries of the world. We cannot
adopt monetary system different from
these great na,iomalitios and force them
Ia recognize it. We cannot float II 80
cent silver dollar Us Il sound dollar III
| this country, much less i'll he markets
of Germany, France, Austria Or Eng
land. with whom our interests are close
~ identified, There arc many things
we can TO regardless of tho opinions or
wishes of other lands. We can amend
or change our system of government;
manage our internal affairs and elacs
laws Ia govern our own people without
let or hntlrance from any foreign source,
but there is one thing we cannot do.
We cannot coerce other peoples and
lands to recognize amy money we may
see proper to cngraVe Or coin us IL me-
/ dunn of exchange between them and us.
As well might we attempt to change
| the laws of graYitation or mike water
run up hill.
g am for sound dollar, and what I
| mean by n sonnd dollar is one that will
pass for 100 cents ana be as good MS any
other doll;V anywhere within the limits
of the civilized world. Gold is that dol
lar HOW. Silver may also he if kept OH
parity with gold. BIT this can only
bo dono by international agreement.
What mean by Il sound dollar is ono
that the farmer, the mechanic and the la
boring man can use with u purchasing
| power Of 100 cents and buy rs muck
with it us any other dollar. What I
mean by IL sound dollar is ono that its
holder may lay away to buy home, s:vo
for Il rainy day on provide for himself
i'll old age with absolute certainty that
it will BIZ Us good as any other dollar
i,.when he wants to- usu it. Gold is that
dollar Silver cannot be unless by inter-
national agreement it is ma,lo cquiva-
lent TO IL gold dollar
81 am for Il sound dollar for the poor
man us we'll as fof the rich man. | shall
never consent to IL monetary System
which will place it i'll the power of the
rich man TO hoitrd his gold and pay his
poor creditor in il deprecated dollar "
y Surprising Spectacle.
If you SEQ Il man dodge around md
dart mp an alley as though Il brick had
I UpCn lur lori :t MIN Nnu 11,lv ltiiOIu y