Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-08-21
"souN6 MONEY!"
Some Pertinent Ib'n,. "a. to wha. Consti
tutes IL.


somo Pertinent Tb'n,r as to What Consti,
tutes It.
III the howlers for sound money were
called To define Just what thoy mean
by tho term so ilippnntly used thoy
would DO cornered to tho pitiablc
plight of figurRting in genernlities, OF
coming squarely down to tho notch oi
only gold" This Is tho Wall street
demand.
Sonndness only has reference to per.
manency and stability, and the silver
dollar is just us sound us the gold dol.
iar, when unbiased by Legislative pro.
lection or prejudice.
The proposition may be lnid down
that any money Is sound which has n
fixed value and is not liable to disturb.
ing fluctuations, whatever may DO It's
unit basis. The scarcity of gold gives
1t one value. Legal protection gives II
another. The snme law of supply and
recognition gives silver its value.
The difference Is in the fixed esti.
mates OF two fixed quantities With.
out loyal restraint tho value of an
ounce of gold would he liable To us
much variation as that OF an ounce OF
silver, mensurcd from somo other fixed
qeAlity that might oxist as IL medium
OF exchange. Tho distinction OF quan.
tative valuo has no bearing. 1t docs
not matter even II 40 parts OF silyor aro
only equal 70 one pnrt of gold. SO that
the vnlue Is reliable and permanent.
Tho question of soundness only relates
to pcrmanency
Tho Times Advertiser is opposed to
gold bnsis because, as u metal, II is
most largely mined and owned and
rated by government TINT has
ronchcd its full measure of develop
mcnt; is our only Immediate compctl-
tor In general manufacturers; Is our
rival In NIL finished products, and our
superior in every instance, II allowed
to dictate our economic policies.
AS nm open and honest confession
the Times Advertiser favors bimetnl.
lism because IL will reduce tho unit of
value. AS relates to present creditors,
1t wants 50-cent dollar; or, ns hon
estly stated, II dollar thnt IL not 30 au-
tocrntic us TO only seclS homo with
crowned heads and massive vaults,
that does not destroy tho value of cv-
erything else except tho dollar
IL believes that plan of legislation,
''''NS'Sa o"hspf hhAiOhhh OE
tionnl, that creates distinction OF 90
per cent In the favor OF the man who
has selfishly und cownrdly hoar,,cd lls
dollars AS against the man who has
pntriotically invested his money In
productive property and lnbor-supply
ing enterprises, is UNANIMOUSLY design
ing In its perhdy of purpose to destroy
the weak and rob the helpless
There is 10 need to 40 into the
shoddy consecrnted vaults of Wall
street to study the financial question.
When the system is wrong. the ebbing
pulse of trade and industry and the
horde of idleness tell the story.
When property ceases to have n sell
ing vnlue and no investment can bc re-
lied upon to sustain credit, It is be-
cause money hns been given fictitious
vnlne, and the owners believe TINT by
holding 1t they can luy still moro
property us tho greater distross pre-
Sails
When real estate will not bring It's
price of taxation aud costs at tho
toiirthotiso dbor people should DO i'm.
pressed with the fact that complete @
Capitalization is near ut hnnd. And
the silver dollar Is the only mcans OF
staying the calamity. - Brunswick
ga Times-Advertiser.