The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-08-02

ket value of property and the products
of human toll.
This is the logic Of experience-the
same logic TO which Mr.. Reid appeals
and from it we draw Uhis logical
conclusion, simply by reversing the
order of the statements in Mr. Reds
premises. It is just as correct to say
the market value" and the coinage
value" Of the two meals have always
stood together when we had free coin
age at is to /. Therefore, if we restore
the free coinage Of the two metals at
Is to /, their market and coinage"
values will stand together. If the
American people shall call upon Bryan
and Sewall to reunite gold and silver
in the holy bonds which were put
asunder by the Republican party in
1878, the two metals will go hand in
hand, as in the centuries of the past,
doing the work for humanity God in
His wisdom intended they should do
when He stored them away in the
bowels of the earth for the benefit of
His creatures. Mr.. Reed says again:
I'VE have money, now, more
than we can use, lying idle. We
have Just exported lot of it.
y
as a hay rack and horses is a
transferer of hay. More hay racks
will never make more hay, but
more hay will require more hay
racks and is sure to get Them"
We reply: If it be true, as asserted
by Mr.. Reed that eve have more
money, now, than we can use lying
idle" we ask why it is factories are
closed, and labor is unemployed in
many places? If the hay rack Ito
use Mr. Reeds figure), is full of hay,
why is it there are no horses ito eat
ID transfer it? Mr.. Reed answers these
questions himself He says in the next
paragraph:
"When are we the most prosper
Gus? 1t is when our $4,000, 900 peO-
pie are all at work, and when that
happens we borrow of the rest of
the worlds thousands of millions
of dollars"
Then the logic of his reasoning is
that our 75,O00,00O people are not all
at work If not, then why not? Sure
ly Mr.. Reed will not say it is because
they are lazy and unwilling to work.
He will not hurl such an insult as that
at the laboring people. 1t would be
unjust and false The gold Standard
idle money! and unemployed labor, !,
are the existing conditions according
to Mr.. Reed. Do these conditions have
any connection with each other? We
answer. YES; the first produces the
other two. Idle money and unemplOy-
ed labor is the natural outgrOwth of
the gold standard Mr. Reeds own
logic proves it. He deals exclusively
in the logic of facts. TO them we also
appeal 1t is admitted we have the
gold standard Mr.. Reed says we have
idle money and unemployed labor.
That must be admitted to be a hard
thing for the country. VIII any we'll
informed man say that we ever had
idle money in this country when we
did not have the gold standard? 1T
would be a reckless man who would
make such q statement. Then does
it not follow that the gold standard
produces these evils?
"When are we the most prosperous ,"
asks Mr. Reed ut as" he says, when
our rs. 900. 900 people are at work" and
when that happens we not only have
no idle money ourselves but 1--WE bor-
row." says Mr.. Reed, of the rest of
the worlds thousands of millions of
dollars" One other conclusion drawn
from Mr.. Reeds logic of facts. 1t is
this: When we had the free coinage
of gold and silver at 16 to /, we had
no idle money, no unemployed labor;
all were at work, and we had our
greatest prosperity. These conditions
were good for the country. So we
should return as speedily as possible
to the free coinage of gold and silver
at 16 TO /.