Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-07-31

money system, both holding that it il
better than cold monometoiism, the
difference being IS to whether we
should adopt IL Independently, or
only IN conjunction with other nations
1t pay be tina! both platforms are
err oneous, aud that the single gold
standrd is the best basis for cur
rercy system; but neither party has
given us q chance to vote apon that
question. Both.stand unequivically
against the single gold Standard
Nevertheless, is u bimetalist to be
hooted at as al Anarch or q lunetic 2
| Three years ago in london, Mt the
Mansion House, heard Mr.. Balfour
make his great speech to a distin-
guished audience in favor of bimetal
ism. l did not hear any one call him
an Anarchist for so doing; nor did
any newspaper neZt day call him the
like, dut he was fairly treated, and he
has since become leading member
Of the British Cabinet aud leader for
the Government in the House of
Commons A few days later I hear d
the great debate in the House of
Commons upon metallic mouev.
brought on by the act OF the Inrlian
Government in closing the mints to
the rupee. The science, literature.
mud Technology of the subject were
Eexhausted in good temper and order.
May we not have like discussion
here and would net great good come
from 1t ? We were on the bimetalic
basis In this country up TIA 1873. In
that year the statute demonctizing
silver was passed without attracting
general attention, for the reason. that
the silver dollar had pissed out of
circulation. 1t hgd not only held its
own against gold from the beginning,
as had also been the cas- with silver
money all over Continental Europe,
but was actually worth 81 % in gold
IN 1873. and principally for that rea.
son had disappeared. Those who
say to us that the production Of the
two metals has since maintained
ubont its former ratio, and that we
can go back to the former ambition
and keep them at parity as money,
may therefore well BE at ledst decent.
iy listened to, especially as the plat
forms of both parties agree that the
double standard is the best founda.
doS for ffhahcial system. Some are
crying oft for tie sacredness of con-
tract obligations; and for thg nations
credit and honor, Us though there
was a suggestion to repudiate private
or public obligationsC All contracts
payable in gold~Gre invioldbla under
the Constitution. They EanhUt be
changed by law. If cur public bonds
were by their terms payable in gold,
they would have to be so payed.-
But they are not payable in gold Let
it be borne in mind that the Congress
even refused the request of the Pres
ilent to make the recent issue of
SlU 100000 in bonds paytblein gold,
so that they might be issued at a
lover rate of interest and sold at a
better price. CurinS the war, when
gold was at a high premium, our
Government sold its bonds for the
currency Of the time, at par and less
And now as to the insone tax
The people of this country and of
this State for tax upon incomes in
excess of $4,000 or $4,000 by an over
whelmine majority. have nc doubt
1t would be carried, even in this
State, by three to one. 1t is the
tselIng even of the fair conservative
~-- ""'~S WIZ udNt Tile proper
ty of nation should pay it's just
proportionate share towards The SUP
port OF the government which pro-
tects it. That is the sentiment of
every nation in Europe, "a well as of
this nation. The cry from certain
quarters of Anarchists and Socialists
aSalnSS those who favor an Income
tax will not change their minds.L
The fathers of many of them were
abused in the same senseless manner
Tor sporking and voting against hu
man slavery. No one can trnthfully
say that the allusion in the platform
to the decision of Tie Stpreme Court
OF the United States declaring the
recent incc me tax statute unccastitu
tlon"l and void is Incorporate. That
decision of divide court itself no.
set the-previous solemn decisions of