Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1896-05-15
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| ucN6I SuCC06uSl III uOtuS SOs WOulN
here suggest, that as you seem to be
an expounder upon the subject of our
finances, that you explain to your
readers who may not know, why the
silver dollar of 1873 and before, did
not circulate. But | will exercise the
caution of Gloucester and advise you
"to touch this sparingly as 'twere far
off," for fear that also in the spirit of
investigation there might be brought
to light the historical facts in regard
to gold having ceased to circulate
until the year 1884 when that
old gold bug, Andrew Jackson,
changed our ratio to l6 to i and
actually placed our country upon
gold basis where it has been ever
since excepting the paper period
from the war up to 1879 when specie
payment was resumed and yet some
people are so absurd as to still insist
on designating Andrew Jackson
as good Democrat! There
is a fear also that your readers
might apply these same principles set
forth by these historical facts and
catch the hint that under the present
existing values of the two metals
your system of Is to l might now
place our country upon silver basis
and that all gold would be driven
from circulation as it was prior to
1884 and that we would have silver
monometallism pure and unalloy-
ed.
But to return. ALI the silver dollars
l say in circulation bear the dates of
1873 and since. How was this silver
coined? By the government purchas-
ing on its own account the necessary
silver bullion at its bullion value in
the markets, and then coming them
and passing them out among the peo-
pie at 100 cents, thereby making a
large profit in the operation for the
government. In other words they
were not dollars of full value of 100
cents but it has been recognized
always as having been the intention
and purpose of the government to
always keep them upon parity with
all other money. No Democratic
platform has ever limited at snything
else. How could this policy be
maintained in any way other than as
Mr.. Carlisle has done7
With this fact alone before us, it is
scarcely necessary to ask the ques-
tion why Mr.. Carlisle should continue
to pay out gold for silver when pre-
sented for redemption. But to an
swer it l would say in the first place
1t is the only honest and honorable
way in which he could treat the peo-
pie of our government upon whom
this silver had been previously pass
ed as cord money
OF course we understand that these
silver dollars originally found
their way out among the people by
being paid out for the ordinary ex-
penses of the government or by be.
ing taken out by merchants and
others from the treasury in exchange
for good money in order to supply
the demand of trade which constant
ly requires more or less silver dollars
and subsidiary coin just as we see
going on constantly upon our streets
and in our mercantile houses and
upon our farms every day of our
lives and do you pretend to say that
Mr.. Carlisle individually or our Dem
ocratic administration, which COM
mends itself to our pride rather than
to the traitorous stabs which some
Democrats are giving it, could
honestly and honorably refuse to
give back full value dollar in return
for these silver dollars after having
thus passed them upon the people as
| have described? 1t is this fact and
this policy of our government that
keeps silver dollar IN circulation
to-day among our people at par
with gold. Of course the reason
that you are willing to accept two
silver dollars in payment of an an
nual subscription for your paper is
because you can buy beef steak from
your butcher, coffee and sugar from
your grocer and baby shoes from