The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-22

ucts would be r-lieI 5y The ever chang
ing, huctuarinz values % silver
~ goes without saying flat the W.T.
vn.aa1 Of gold which is row u5s4 a-
part Of our money system No1lL u-7.
irars ana Il o. equally a. true lla- tnr
sbylspu,10 Of silver. or its reHres iallF -
which u now held on parity WIN ko-n,
would sink IN value 20 th= lete- OF an
o-hcr monies. in other Worts' me sl4t
whica now passes upon a gold basis would
pass not upon a gold .aElsr ris- NFDH
the lower silver basis There mas never
Deen an experiment tried, y mere one gov
eminent alone has openel rs m-uts 70
the free and unlimited coinage q SILVER
when conditions were such az tHet az g
today. II O. nonsensical 20 advance llt
idea that the increased lcrlan1 l1l 81
yer which would Boz brought 21olt 9y
reason Of the increased coinage III lAe
United states. would cnnanae tAs t~-st
OF SILVER bullion ty y per cent 1yAut
not that there would be a slight per-
manent advance IN silver because OF lts
use. but under the proposition as eliuh-
clated IN the Chicago platform sliset,
n restored on "a coinage basis oL 10 70
j, VIII be worth It's bullion value. NotnlEs
more. Nothing less.
What Will become Of the contracts which
are made, 70 be PAID In gold! ~ hat VIII
De the eject upon the aoiity OF tLe iai ser
corporations Of this country IN raging on
their employees Their obligations in
general way, are bonded Obligations ana
the interest Is payable Do gold TAKE the
railroads for Instance. In almost every
state. they are in control 81 railroad com
missioners. They are not privileged 70 ad-
vance their rates, except - De IN ana
through an order Of the commission.
Iheir obligations are 10 pay their hAed
charges In gold. II gold goes 10 a prem
ium, they Will he forced 20 buy gold with
which 10 pay these charges. This VIII
materially Increase their nxed charges
ana as a result. operatives VINO are en-
ployed on railroad lines viii have 70 SUI
Ter Just In proportion as these nXed
charges are increased.
Take the farm labOrer What VIII be
MS status should the country be reduced
10 the silver basis? He receives to-day 30
cents per 100 for picking cotton. lie re-
ceives about 40 cents per day for ordinary
work. VIII the farmer be willing 10 en-
nance the scale of wages in proportion 10
the depreciation Of the currency; ! think
not. The reverse has been the resul;
whenever an inflated currency obtained.
In 1850 the wages in the north Of an ave
erage farm labOrer was 81 per day. Dur
ing the war Ga period when labor was
scarce, and when it ought to have con-
trolled its full share OF the operations
OF the farm, the average per diem was
Sl.8O. The cost Of living during that pc
Rod Is estimated TO have been % per cent
higher than IL was In 1860. Therefore, the
laborer lost nearly 20 per cent. of his
earnings through the fundamentally OF
the imitation Of the currency. Worse re-
suits Will obtain now, II the country
aA0Bto AAAt lllNtf HAdtludAN 1ifhrl UFAllE
worth only SO cents on the dollar, we
cannot expect the increased demand
brought about by reason of the Use OF
the metal in the United States as a me
dium Of exchange. 10 enhance the value
Of silver more than Is 10 le per cent. In
other words the silver dollar cannot be
made 10 be worth more than l0-l09 of the
gold dollar.
WIN the wage Garner receive 80 per cent
more for his wages than he does to-
day2 VIII he not have to pay 50 per
cent more for the necessities of life
than he pays to-day?
These are questions for the laborer 10
look into and he should acquaint him
self with them as thoroughly ana as quick
ly as possible.
If the universal experience Of mankind
Is to be taken as a criterion. in case
this country goes upon the silver basis
the wage Garner Will fare here just as he
| has in every other country under de-
preciated currency. He will suffer more
| from 1t than all other people combined.
Observer