The news and herald. (Winnsboro, S.C.) 1877-1900, 1896-08-04

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/ mittee agreed upon the sherman -"
which provided tor the monty pur
chase OF Il million ounces OF slIIe
with treasury notes create tor IN:
nurpose. reGecmable in '"coin," a''1
LEGAL tan?"r except when ot;cr"is'
! stipulated. his effort in bcAa:' o
silver wa. H.: p:rtiall: successful
| Silver ros, t. 5? 20 Hn ounce but dlc
not stay. In tho later part Of 1851
! ;,r great banking '!'"se OF Barlng
i;ros. :aiied, starting IT, corEer tic!
i which culmjuate6 ~ tic panic OF 1898
! The Sherman notes uaterl:Ily cor
tribute: to helping rs weather tia
storm by giving Us s4,5O0,O0o c;:ch
But President Cleveland called Cen
gress together and on Nov. 1st, 1875
forced the repeal Of l2c purchasing
clause of that act. Since then prices
have continued to fall rlore ruirous!y
| than oyer. And they ill 60 CT
falling ill something is done b.;
Congress.
There can he but eve relief: 'h2
restoration Of silver to where it vas
IN 1873.
lie erhcn answered. in detail! 81! I'll
ar.umullS that have been adduced
to S.hN tbs country "annot enter urer
the free c image Of silver above and
in!rnend'nt Of Europe.
F:arcc maintained III" coinage.
even e tic &c Of ~ 10 1 frGr 1908
to 1919. ". aIt i1mcasur"b!y su-
perior !, F,a CO; our wealth exceeds
that of C:,aL Britain by more thar.
IS, that Of lance b" 2-5 and d 'Gb!e5
thot cf Germany. On: manufactures
arc 81 greater than those Of Great
Britain, three times greater than those
Of France and 3! times greater than
those Of Germany. We produce Nd
consume more than onc-hGlf az much
as the rest Of .h world combined.
We iransa sact more than Is the volume
of tie worlds business. Our rail
roads carr" more than one-half tie
carving lie. cf the world. We
would be S.. ;:oG!ed further D: Ii
fact that 2-5 Of the Hco:.lc would ne
silver exclusively.
There is no danger cf two much
metal being coined. The uncover q
paper money of the world is about
S2,4O, ,OOc 900. If 100000. 600 were
coined per annum, it would take %
years to replace that paper.
Nor will We be made the dumping
ground" OF the world. The fetal
amount ot ciIv,r coin in the world IS
5. .,07O 100000.
Our population is 100000. So, it
all the :i!ver Of line world were
dumped upon us we would ONLY have
S5.S Der head. Silver is in Tho STARE
Of existing coin, wares Or bul!:2". Mr.
F.a!ev, the president of ihe \ AZ!
Board Of Trade. admits ihat T.! oi@n
silve" coin would oot come hare, be-
CAL % nation has more th~n it n9edS.
Europe oud Asia have no more than
s.. 80 per head. Nor would it pay 10
melt I down. i0r it has less silver III
il than our own coin. SilVerware wlIl
not b. converted irtn coin. because II
is worth more than lis weight by ca
son of the work expended upon IL. 30.
bullion alone need be deaic With. o.
the $4,000 000 silver produced i'll
1891 not more than S6:O00,OOO was not
consumed III coinage ana in re arts.
That can be no. serious matte. iIlIIlo''o-
portion to the: worlds population OF
II, 600 600, 900. So there is no silver
to be dumped on us.
Nor will tie silver dollar become a
r50-cent dollar.'' The gold dollar is
now "2OG.cent do}'ar," for it Will
exchange tor tw:ca a. much product
as it did in 1878 ['p i: other hand:
the silver doi'a: cf J@p'.A or Mexico
vii! buv as rHrc, OF orr grea- staples
As the cni,: or : -" dollar would IN
1878. - 81 7~~ .in;t;s IS only a 80
cent G3.:a-c HeA mea arel with solo.
S. soon Is I s.:a! .2 ;:IaItv legal ten
der acar.v evo"y .lo.IaS If our S2S.-
0O0, ,000,0 q, jad:iidaa;, corporate
arC uub,i; in..eb -:i'le*s vii! be- pay.
able j., i, and :!aS viii rat It. at par,
for 70 one wouli 7*|; less .han 100
cents for it. No" neesi "" fear enrich
ing the silver miner; h. VIII simply
..ar ,7!;at lis bullion i worth. The
overnment will not buy it bnt simply
:oia Il. II, after 1t is coined i shall
ne wolth only 30 cents, as asserted by
the god man, then he will be none TIE
richer. If it shall be worth 100 cents,
is asserted by us, he will simply be
getting his own, as he did before 1878.
The imperative need Of our people
is more money. Silver coinage will
Give it to us. The great masses of the
people are aroused all over the coun-
try. The struggle cannot end till their
demands are granted and We have re-
stored to us the 'dol'ar Of our dad
dies
Eucklen'S Arnica Sa We.