The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1896-06-06
GOOD MONEY ESSENTIAL.
For the Proper Discharge OF All Govern
Inent Liabilities.

For the Proper Discharge OF AL Govern
ment Liabilities.
Labor cannot be boarded; the idle
day is gone forever; lost wages are
never reimbursed; and therefore steady
employment and good pay in good
-, money are essential to the comfort and
his wife and children, and he viii be ,in-
faithful to himself and to them if he
does not insist upon the adoption and
maintenance of such a policy as will
most certainly preserve the value and
stability of all our currency and pro-
mote the regular and profitable con-
duct of all our industrial enterprises.
He cannot prosper when the country is
in distress, when its industries are pros
trated, its commerce paralyzed, It's
credit broken down, or its social order
disturbed; nor can he prosper when
the fluctuations of the currency are
such that he cannot certainly know the
value of the dollar in which his wages
are paid, or estimate in advance the
cost of the necessaries of life.
whether we shall or shall not have
long period of financial, commercial
and Industrial disturbance in this coun-
try, and whether labor shall be de-
prived of permanent employment or be
partially employed and inadequately
paid, are questions directly and neces-
sarily involved in the demand now Sc
riously made by many of our fellow
citizens that the United States, without
the cooperation of any other govern
ment in the world, and in opposition to
the established policy of every other
great civilized and commercial nation,
shall authorize the free and unlimited
coinage Of full legal tender silver Mt
the ratio of sixteen to one, notwith-
standing the true market ratio between
the two metals is about thirty -one to
one; or, in other words, that the United
States alone shall decide by law that
16 ounces of silver are equal in value
to ounce of gold, when it is an indis-
putable fact everywhere recognized
that in all the markets of the world, in
silver standard countries as we'll as in
gold standard countries, 16 ounces Of
silver are worth only about one~haH
as much as 1 ounce of gold and viii
purchase only about one-half as much
of the necessaries of life. The
naked proposition is that the United
States shall coin, at the public expense,
for the exclusive benefit of the indi-
siduals and corporations owning the
bullion, all the silver that may be pre-
,%-. 1<>1J
ing 371H grains of pure silver, or 412Ha
grains of standard silver, worth intrin-
sjcally about 81 or SO cents deliver the
coins to the depositors of the bullion,
and compel all the other people in the
country to receive these coins at valu-
ntion of 100 cents each in The payment
of debts due them for propertysold, for
labor and service Of all kinds, for PEN
sions to soldiers and sailors and their
widows and children, for losses sus-.
tanned under policies issued by life and,
other insurance companies, for Deposits
in savings banks, trust companies,
building associations and other insti-,
tntions, for debts due to widows and
orphans by guardians, executors and
administrators of decedentss estates
and other trustees, for salaries of all
civil, military and naval officials, and
the compensation OF private soldiers
and seamen, and, in short, for eFery'
kind of obligation recognized by the
laws of the land, except only in cases.
where the prudent capitalist has, taken
the precaution in advance to contract
for payment in gold or its equivalent =
Secretary Carlisle's speech at Chr
cago.