Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-07-30
4 FAIR WARNING.
GEORGIA BANKERS TELL pCPOSlTORS
WHAT WILL Sc THE INEVITABLE
RESULT OF FREE COINAGE.

Bankers Want to Return to pcro<ltors as
Good Money a. Was Received May lie
Prevented by the Awfm Rash Of Ruin
which VIII rrccedc Free Coinage Law.
The Georgia bankers have formally
declared that IAN immense majority Of
the financial men III Georgia believe
that great Calamities would rcfall the
whole country if certain vcry extvrme
views about our primary money shouh
prevail, " This Of course means free
coinage by the United States
If these politicians succeed" say
the bankers Of Georgia "wo wish it
understood that il WAS III despite ot our
Warming; that we 10 the last protested
that we wished u pay our deVoSjtNrS III
rs good money rs we got from thcm f;
that tothr last we hrSought the disturb
crS Of the peace Of commerce to let con-
ti3ruCe in money revive, and when oar
drpoSitorS rush upon us for their moNcy
in advances ut the passage Of such a law
and i'll order ~ attempt tO avoid loss
before the law doprrclatrS their money,
and when to- meet their Imperative and
lust demands we are forced to press col
lcctionS and deny Recommendations IN
that awful rush ot ruin, let II hcrrmcm-
bored that We begged to be spared tho
calamity To ourselves and to the Couu-
try.
Commenting upon this declaration,
Tho Journal of Commerce. and CoG-
mrrci&l Bul!o,m of May - asks: "Win
the planters and the politicians Of
Georgia persist III their demand for free
coinage after this impressive protest
and warning addressed to thrm by their
own bankers: We fear they will, but
the immense majority Of the financial
men of Georgia ought to be able to de-
feat the politicians if they cannot deter
them.
''This declaration, says the same
paper, lis evidence enough Of what we
have SO often said, that the silver Qucs-
ton is net sectional; the commercial
classes of the west and south are gCner
ally sound ON it; the issue is ono be.
tween the commercial classes who know
something Of the operations of monetary
legislation and the farmers Of :hr non
commercial states who do not know.
and the politicians who donot even care
so long as they can raise an excitement
by means Of which some of thom can be
elected to Office. "
Continuing it says that most of tho
free silver talk is due to al inability to
understand the facts underlying the
question is illustrated by the protest of
The Memphis Commercial Appeal, that
the idea that the silver men would cN-
pei gold from use Us money j" entirely
gratuitouS, inasumch as such has never
been their intention or desire. Tho
Commercial Appeal is quite unable to
understand how gold would he expelled
unless law We're passed to that effect.
lit is ilunatcrial what the silver men
intend or desire il they succeed III set
ting in motion the forces that would in
cvitablv end the monetary u9o of gold
in this country. The paper has u com
plcto set Of financial opinions which it
docs not hesitate to insist ON against the
adverse Judgment Of all financial au-
th0ritiCs here and abroad, and yet it has
so little acquaintance with either the
theory or the history of money that II
does not even understand what is meant
by the statement that free silver would
drive goll ont Of monetary use. OF
course it never tx ard of Gresham law >