The comet. (Johnson City, Tenn.) 1884-1916, 1896-08-27
The Comet Johnson City, Tennessee Thursday August 2 1885,


known in presidential elections.
The people at large are considering
the money question and that only. The
members of the Chicago convention
who represented the genuine American
sentiment in that body know little and
care less about communism. They
will repudiate any communistic inter
probation of their platform. Their OBJ
iect was to pronounce anathema
maranatha upon the policy of gold only,
and to give the cold shoulder to all who
have had art or part in putting in force
in this country That will go no farther.
Radical and revolutionary measures
like that of no money but gold in
variably and necessarily promote
counter measures, more or less similar.
The adage says that the devil must be
fought with his own fire.
/ have been republican on old and
now obsolete party questions, but all
past issues are lost in the intense feel
ing that has been engendered by the
radical and revolutionary legislation of
1878. We are all released from old par
ty ties. The election of 1896 will be an
overwhelming reputation and rebuke
Of q legislation that has been so de-
structive to American interests of every
name and so humiliating to our nation
al pride.
The people at large are without me-
tallic money. Silver Ii as been demone-
tized, and no gold circulation among
them. 1t is engrossed and held fast by
syndicates. The coins of gold will not
bear handling by the people at large,
They lose too heavily by abrasion to
be used as currency. The government
keeps one hundred millions OF gold
syndicated at Washington The law
gives it the option to pay all demands
upon it either in gold or silver, as il
may please. The Cleveland admins
, tration taboos silver and pays out
nothing but gold. None are able to
call for this but the gold class and the
= demands of these are for large sums
only. No part of the gold that is paid
4 them by the government finds circula.
ton among the people. 1t is manip.
q ulated by the syndicates. The gov
eminent, therefore, keeps it almost ex-
clusively in the form of bars, which dc
not lose by abrasion. am informed
! that of the one hundred millions Of
!, gold held in the reserve fund by the
government, scarcely five millions is il
g the form of coins. The government
q itself discredits it's own mint whenever
e these coins are demanded by shoveline
20 them out by the piece.
! What sort of money is this for thu
e people? They are denied silver, anC
10 gold coins they can not get These ART
4 too precious to be handled by the com
10 mon masses They would lose too
% much by abrasion. Gold is not for tn
4 people. 1t is for the syndicates, which
Il by the engrossing of all the metallic
n money of the country are enabled t.
make the price of all property wha
J. they please.
l. The chief usefulness of silver is q
&c money. It is this use which gives i
" value. It was the money Of the Bible
\ 1t has been the money OF all history
! Jointly with gold, il is themoney of tn
10 American constitution. But after tw
10 thousand years of continual and gen
/ eral use, it has been deprived of it
:, money function. Modern empires an,
a. quacks call it unsound money. B,
IA demonstration in Europe and Americ
a. it has lost large part of its value a
70 metal, lbut for the fact it is still tn
w money of twelve hundred millions @
II the worlds population, which is fftee
n hundred and fifty millions, it woul
sink to the value of iron or copper an
- be used only in the arts. RemonetiZ
n silver, restore it to it's historical an
v God-given function in this country an
~ it would at once resume its money val
of lie and be come again what it was TO
~ one hundred years before 1878, at
premium over gold on the ratio lon
~ adhered to in the coinage of the tw
-. metals. Before 1878 the farmer coul
n buy the gold dollar with three peck
al of wheat. Now he must pay eigh
;s pecks for the midget coin. The case i
NJ the same with cotton and oil materia
"a prosperity. The 50-cent dollar is tn
butt of sneers, but we hear nothing G
the 60-cent bushel of wheat or the 4
- cent pound OF cotton, or Of land sun
, to half price and hard to sell for that
90 The prices of these range themselve
20 with silver, the money OF the people
=, whose property of all sorts will buy a
&c much silver as before 1973and no more
. Why should not silver be still the pee
q. pie money They are thinking tina
-, it must be, aud will soon have silve
70 remonetized for their own use.
90 The gold class have contrived to dou
90 BILE the value of gold, and to make tha
= metal the standard of all values an
N when the farmer asks when he sha
: again receive the accustomed dolla
40 and quarter for his wheat, and tn
"a planter when again his cotton wi