The times. [volume] (Richmond, Va.) 1890-1903, 1896-08-30


pcricnco in finance and fondly hope.
bv the free and unlimited coinage Oh
silver TO bring back the GOOD old t'li'tS VI
tho COS and 70's. when money wds pm
tlful. and business OF all xmas WIS iusn-
Ing But ALAS thCge times were 1esily
bought They wci.. the result OF the late
waf In mcf.sc arrnies OF men Nt"""
from tho labOring classes, hdn pc''t -.
gagged fer five years in r'atlolih- 10y.
thing made by human hands tnioushout
Tho length and breadth OF this great lana.
This had created a great uenahu' D.'
fiat demand las now boon fulY snppuou,
and we have 4 surplus. Aitci tns "" "a,
was over all went 10 Work, anu, "-"i'to,od
vest numbers OF iaboring men snlppep
hcre from every nation OF the olu Wol'o'
ard Nv the introduction OF the most WI WI
dcrfuI l. bOr-savng machinery, '.iS ' ,,aS
trv. In n short time. mas pee D'ns w 49,,
eSi IN Tho world. and peace ana pl%n'y
r.ign g, meme But peace ana pleh'y az
vvavs al,e tin cs hard, because 'ney SUP
rlv all d.mSnd for everything anu VIta,O
no demand. Perhaps some OF 81 IT,
silver friends remember thc l-''u "a, I'D
az the carly 4Os. when, though w ndI S
FREQ slltcr and State banks, men No4hru
Tor 20 cents a day. and farmers soiu col
M 20 cents bushel ana cotton loI
cents pound. But the graf Sls " 80
mole money under the false ided 'l"e
moro money will create q deiah1 10,
business But money dos not Sied.o
luslntss The Cney is always i0l 'ncyt,n
ing VIXEN there Is demand Wnile' VIZ
fh.re ~ no den AID. money "He~tS nv
thing Indeed. large sums OF mont. - 60,
frequCnttv being invested N ehpIl p.lo,
an over this county bdt wn'cp ".o ~
smut dow n, becalse there is 10 cVna .1,'-
for their products. IL - tI's ,'orcbari
ava manufacturer offer for SAFE nut t"os
have not tie money. because sh.i. %
IN, demand .oT thcii labor. Ihoeeu, ~
demand for lalor. or It's ptotl.'S' ~, "a
~. 10
etrc-sfly,r advocate makes sport Oh "
N.ry idcn Of oVer-prOductlon. ~ ~
mnst ir exceedingly short-sshttu WI" ,
.-.7not 90 the difference between w,
times and those thaL loH;",t o ,''i
~. and the great effect OF Iabol -sa' i'i7
machinery on both labor and capital. ~
c..d ~ the Introduction CT lnpio.-.
machinery and tire formation OF ~
corporations the productive power %. Ma I"
country has been doubled ana fcpoublcu
IN tbero is no demand lot 1HS lils.
lnJeod thu great truth that TINS cou.u
has 10 meet. at the present uh'e' j. va
something las to De done 70 'ltd'0
demand before bt siness viii revive. II
,,v s,a en- cruel AZ 10 nope for another
va. thcy may lCok forward Win conn
dcuce for better times after the WAT
know Of but onr thing that can ~. s
i'm pcace to produce "A demand ana Iio y
tne oocnine up % free trade win az nv
r.tious of Tho earth. II q tarin OF ~ p'i
cent was laid on AL trade tween w
citizeua q, this country, ana inns tin
largo on business was taken on IL "vuI.
,ause great rejoicing. and produce s.oa1
ravfVal fn bLeinccS The same - lDr
u.i,b nations. Commerce Is the vital ioICe
of business in all lands, ana anything 10
tends to lessen commerce makes o.aa
ross dull and times hard. free COllilutoi
with all nations " Guild be haied WIN az
elcrtric thrill. America. having all the
advantages as q manufacturing couhlI
,rould LEAD the world. and h9r shlPs vow,
whiten every sea Peacs, clvluIallol., 49,
prosperity would be carried 10 the ul"'09'
bbuI d. OF the earth. .,,,,,,r,e
Rnr to Iecapitulate the anoVe pIluC.pT
r. huancA. I. Every department OF
0nance should bc under the sole con .l
troll of the Federal Govern men.. = lHe
Government should issue money eSri ,esS, IN
III a fNed ratio 10 the nationh W5 800
~ . ~ ner cent 3. The different KINDS
az money should be issued In ixed propo.
ttous TO each other, say, "4;J per 80.
oi paper. Is per cent. OF soid' ~ -
Of silver. 3-S per cent or nickel 10 pei
cent. Of copper .,.-,.o, ~,
In the first place the Constitution OF
the limited States makes II the duty ol
Congress to coin money' ana ue''i i'. -
a.. value and IL follows as a scu-efl-
dent conclusion that II Is equaIiy w
Jufv az Congress TO issue paper money
and control its circulation. beslueS' IL
is a law Of business tnat 10 Dus4iiDSS a.
he well managed except under inc .yH-
troll Of but one tlittllnE H"NN' =.
mathematical system be adopted anu !.
will endure for all time thl n9 nv
costly financial legislation Win De neVTa
sary. The FRANCES would be unucI wy
entir. control Of the treasurer VINO cOulu
not davfrtc from this system. anu WIZ
x.ould Let money direct to the people WIN
ont any costly achin.ry or rdtiOhai anu
state banks. All PIPER money anou'G1 "a
United States notes, issued on some iiNtu
man Such Nc ties might be stcuIeu uS
dc credit
arnnent of course. all true solu- buss
wunId be instinCtiNcly opposed 10 ms IISs
money. because II costs the people UI'iJ
me paprr and printing. ana thss ucStioE
Inc cold and bend business. Inc ine,als
roreosarv 10 make all coin Tor clrcuid
lion should be bought by the OoVeIhIucnt
with the taxpayers money ~ mo- i ~
values and then let 10 the people az CON
prices crediting or dtDltihE tlle plo.'e y.
loss To the tax payers. INN, noIa,is
would be- left to spectators, ana VT nu.
tuafions OF these metals IN Inc h'4ihV
would cease 10 effect our CURRENCY an
the business OF a." country. III tue a',
C,d oiaoe tho Limitation OIL our t"iitn.S
- % "a uer cent. OF the national Mtal'h'
o. any other med ratio. w0ul1 give u"
money standard That could I'cNc4 Va
unc,.r any corcltions, ana inc ollIE onc
600 eetablisl ed bv any nation OF Nht
a.rtb For as there has never been any
measure OF values than gold ana sHFrl'
and as the values OF thes- MEAS az
qi,vaNe 1uctuatlng according 40 supply az
s.Tand. thero has never been rus
olorev standa RI at all. ana hence tHsle
"a ro iust and true regulation ot prices OF
t7Iues in the civilized NOfld- ne IL" =
tho more money IN circulation III P'opoi
t.or II wealth tho less the Nalue on moh-
a.. and the higher prices. While inc ISIS
lilo rnoner the greater its value ana lHs
io,.er prices But thu money stau1a! u
h.fo Uoposod OF go per cent. OF tlS
NATIONAL wealth would fix prices by fesu-
latirg the amount of money IN cHTgin
non bv the wealth OF ti@ country nC''
nr,ros would only vary according 70 sup
it ord demand. In 1S92. the money CIR
rssticn was 2.34 per cent Of the national
..aIfh so that tins ratio would nN prices
= little above those Of that year IL IL
I'm. tbat the prices then were ic"' ou'
io,v nrices always favor the labOrihS man.
,,.bile hiqh prices favor merchants, uai-
era and spectators lhose VIZ, qIt,h,,
loudly calling for more money 3nc hisnet
49, cor the benefit Of the laDotlnS
rioeses are ignorant Of what they are 40
49,. IL is the right Of every citizen IN u
,ree land 10 buy and sell under the
is,vs of supply and demand, Whatever
~" nrices NAY be. But In this country
tbese laws are 50 controlled by mohopo-
lies trusts and combines hat tne peo-
No Of tits bcastcd land OF liberty are
rr,coter slaves to this cruel system 81
taxation than they would be u SERVING
no tvrant3 Of the old world. tor vars
thc farmer has been compelled 10 sen
the Greater portion Of his products az
isrropean pauper prices and 10 bay ms
Goods at high American protected lnlces'
thus pavng an enormous lax INTO inc
coffers Of the rich manufacturer Ana
now the advocates or free SILVER are MN
IONS 10 add 10 the burdens OF the FARMER
him sell his piC-