Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1896-08-25
HBAR THEM HERp AND pHHRB.

fore the American people as scarecroW
by cisatlantic advocates of the British
gold system to deter them from throw
ing off its grinding and cruel yoke and re-
asserting their right to rule in their own
country and dictate its policies. The
frlghts thus conjured up and paraded
have been equally at war with truth and
with each other and in the main pur-
posely cencoeted and used to deceive
those unable TO detect their design or
falsehood. 1t would require good sized
volume to collect and exhibit fully these
receptions, invented by the honest adj
vocates of the only sound" money, to-
wit. British gold. A few, however, may
be noted.
We are told that the inevitable effect
of the free coinage of silver by the United
States will be to drive out all the gold
now here, make money scarce and pro-
duce a panic such as the world has never
known, make all property worthless and
bring universal ruin to every one alike
farmers, laborers skilled and unskilled,
merchants, manufacturers capitalist
in fact everybody Before we can regain
the breath taken frcm us by this terrible
announcement we are informed that as
SDOU DIS lIee COlidSE VI oiNNi - S'77NAe :.
the sagacious owners of all our hermit
stock Of gold, now hidden and boarded in
steel vaults will rush into the markets
with it and buy up, almost by force,
every ounce of silver bullion and all the
desirable property of the country at low
est prices, bull the markets and reap all
the profit realized by the advance in
prices. In other words our people who
oWn productive property, mines, farms,
factories and the ike are to be absolute
IL wrecked by the fierce competition
among gold owners to buy what they
have. And, as if the cup of their woes
was not yet full all the silver in the
world is to be iDcontinently preeipitated
and dumped upon them in floods, which
must submerge and crush them forever
The free coinage of silver, 1t is alleged,
will give the silver miner a 10O-cent dol
lar for every 50 cents Of bullion he takes
TO the minis; and yet when the next in
slant that 100-cent dollar passes from the
miners hand to the merchant, farmer or
laborer, it instantly becomes. without
sign or token, discernible by any one but
thimble rigging gold maniac, miser-
able, measly, dishonest 53-cent dollar
and so remains. Free coinage of silver.
it Is confessed, will bring higher prices
for all products Of labor; but it is claimed
the la Dor that creates these products will
gain nothing by the rise, but rather lose,
and-like Tautalus in the myth, up to his
lips in cooling foods. yet denied by fate
even drop-,abor viii stand buried to
its eyes in plenty of its own production.
but not allowed even to take Of Its own.
The laborer, it is insisted, will be ruined
unless he is paid in the dearest dollar
that can be contrlyed or conceived; but
the plain truth is studiously suppressed,
that just as that dollar, in his hands,
com mauds more of other mems labor or
goods in the same proportion must 1t in
other mems hands command more of his
labor CT goods 1T is asserted that in the
aggregate the banks and other moneyed
institutions are debtors to the people,
when even an idiot must know that every
| one of them not insolyent and fit only to
| be wound up by receivers holds credits in
excess of its debts, These peculiar
debtors" even now, are threatening to
crush their Creditors" by foreclosing
! them
But the most fearful consequence with
| which the free coinage of silver Is alleged
| to menace us--that which most 1is;resses
| the money holders and money changers
is the destruction of the "p-a-r-i-t-y."
whatever this may mean, they profess
that it drives them pell-mell on the ne
cessity- utterly abhorrent to their hon.
est, snow-whlte souls-of paying those
whom they may owe whether for labor or
commodities, or on bank notes, deposits
or insurance policies, in damnaby dis
ell other
effects and evils of free coinage of silver
they might endure; but 1his-ths mex
pressible extreme of calamity-that they
should be enabled and tempted to pay off
100 cents of obligation to the poor, dear
people" of the land with So cents-rather
than bear this they will give Mark Hanna
a fund OF millions with which to persuade
| the people to leave them the inestimabie
privilege of not swindling their creditors!
| Was ever such integrity. such sterling
| honesty, such austere virtue, such un-
caring fidelity to the Golden Rule eXhib-
tied on earth in past ages? 1t is actually
| too sublime and trunscendental for this
sordid sphere. and fit only for translation
| to the starry heavens Its quality can
never be duly appreciated by anyone ig-
| norant of the known fact that its super
| righteous pOSSeSSOrS are now HaDll udllyi
systematically and every day putting off
| on their creditors, depositors and policy
| holders the very meanest currency CATER
| s0-cent dollars) in their estimation they
| can get up currency that is not legal
| tender at all; silver certificates and ma
| tionai bank notes-and boarding away all
| forms of legal tender money which they
| can use in looting the treasury of its gold.
| Bur, opposed as are these imaginary
| goldite terrors to truth and to each other,
they are equally so to the utterances of
/ transatlantic upholders of the British
| gold standard, as we shall soon show.
| The cause of this is not hard to discern.
/ Here the tactics of goldsm is to deceive
] and mislead our people, and prevent
| them from adopting an American finan-
| clal policy suited to their own interests.
| There it is to tell the truth, to warn Brit
| ish goldites Of their danger and to invite
them to prepare for and ward it off by
| any means fair or foul: to use money.