The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1896-08-15
CON. ~ UNlCAIEU.

THIBODAUx. La, AUG, IL. 1896.
To the SENTINEL.
That 50 cent dollar worries the gold
monometalise IA \ red flag does a mad
bull come and let MS reason together
On this terrible hugbeat.
John Sherman who did more than
any Mau to demonetize silver in u
letter addressed to w. S. Grcsbeck Of
Ohio. on July Is, 1873, said:
during the monetary conference in
Paris, when silver in our country was
excluded from circulation by being
unIervalued, I ecas strongly IN taror of
the single standard of gold. ="
At that time the wisest Of us did not
anticipate the sudden fall Of silver or
the rise Of gold that has occurred.
This uncertainty Of the relation he
tween the two metals is one Of the
| chief arguments in favor Of u motto
metallic system, but other arguments.
showing the dangerous effect upon in
dustry by dropping me Of the precious
metals from the standard ut value,
outweigh in my mind all theoretical
objections to the timetable system"
And John G.. Carlisle on February
21, 1878. said ; II shall not enter unto
an examination Of the causes which
have combined to appreciate the value
of gold since 1873.
81 know that the worlds stock of
precious metals il none too large. and
l see no ~ to apprehend that it
will ever become 70. Mankind will
be fortunate, indeed, if the annual pro-
duction of gold and siluer coin shall
keep pace with the annual increase of
population, commerce and industry"
1.-The absolute and instantaneous
destruction of half the movable prop
erty Of the world including horses,
ships. railroads aud all other applian
ces for carrying on commerce : :
would not produce anything like the
prolonged distress aud Reorganization
. of society that must inevitably result
from the perma nent humiliation Of
one half the metallic money Of the
world"
And this day both these renowned
{ statesmen are exertiDg all their infiu-
ence and power to bring about ti.s
e very deplorable state Of affairs tina
. they both prophesied would be th'
result. aud to fasten that gold monster
around the neck Of the people Of thu
e United States for all time to come.
III 1876 using 100 to represent TIN
o average price. wheat, corn. &c. wa!
it 1O6, silver 975; from 1853 to 1866
Of wheat, Sc. was about 100, whilst ell
d yer was about 1O1; from 1866 to 1877
re the prices were. wheat, &c. about 1Ol
silver Sc; in 1884 the figures were
e wheat, sc. Il. silver SO; in 1884
n wheat. sc. WAS IS, silver 48. Fror
is 1873 to 1894 the fall in wheat an
II. bread products was from LOG to 81
and dnring the same period the fall i
in silver was from 97.4 to 47.6.f In 1877
IN wheat was worth $1.3l per busllel, j
n 1894 it was about s. cents per bushe
ca In 1873 one dollar in silver bullio
ke would buy rs much wheat a. dol
ut lar in gold. In 1894 u dollar in 81
" yer bullion will buy 40 much wheat .
it it did in 1873 bnt one dollar in gol
Of will buy just twice as much.
~" Does not this prove what S.erma
and Carlisle both predicted that gol
uH appreciate and has appreciates
ed aud prove beyond all cavil that silv'
". bullion has not deprecated because
ed will buy as much in 1895 of wheat T.
he as it did in 1873. whilst gold will pa
ne chase just double what it did in 1878
he Hence. is it not trne that our go
dollars are 200 cent dollars whilst o.
silver dollars renamed at 100 cent
10. Yes, remonetize silver and there VI
be no more nonsense and sOphist1
WV about so cent silver dollars, whilst q
,st cent dollars in gold must come dow
I :. to their proper plane of action. II Il
gold standard men who cite rs to FL
an gland, Germany, sc. as o met
~ countries with human labor and h
man toll at 20 or 80 cents per day
,Ia object lessons can produce no bett
ON logic than is found in so cent silv
b. dollars they had best to discu
'os the question, but that argument is u
Ia as sensible as any Of their argumer
of in justification of a ruinons and DC