The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1896-05-14
POLITICS AND FINANCES.
The Democratic, Republican and Pop
uIist Parties Contrasted-The Prin-
cipIes for Which They Stand-Judge
Walter Clark for the Senate.
Communicated


Communicated
| notice the observations OF Judge
Walter Clark on Mexican finances, du
ring his tour through that country, and
doubt whether there Is a man IN or out
the State who is more thoroughly versed
and who has applied himself more close
ly to the study of this most intricate
and all-absorbing subject than be. The
Me1ican Herald, after cOmpiinentlng
Judge Clark, states that at the border
| he found that he received for his Ameri
| can money nearly two dollars IN liver,
| for one, sanctioned and issued by the
| Government OF the United States, and he
| discovered that the Mexican dollar does
in Mexico quite the same amount OF
work as the gold dollar does in this
| country.
Judge Clark goes on to show that the
loss to the people OF the Southern States
| last year on cotton alone by the demon
citation OF silver was 30 millions OF
| dollars And the Northwestern wheat
growers losses were in proportion. he
70 md the agricultural in terests IN Mex
leo to be in thrifty conui,ion as is testl-
| fed to by the contH LILY expanding
| local traffic OF our railways. Hesays had
| Mexico been financially managed as has
been the case with the United States
she would to-day be one OF the poorest
| and most wretched countries on the face
| of the earth Now what has the So
called sound money champions to say
| OF the observations OF one who Is thor
oughlv conversant with this subject?
Silver today is a much constitutional
money as gold and any metal or cur
rency that has been antagonized by the
money power OF the combined world,
backed especially by the governments OF
| England and the United States, their
value would have been impaired to an
equal xtent audit astonishing, with all
| disadvantages, its valueis still felt and its
one dollar in silver will buy as much as
one dollar in gold, the god Of the gold bugs
And in our whole history the people were
never more prosperous than they were
before the fatal legislation OF 1873
which was in the interest and for the ben
eft of capitalists, whose aim is to con
tract the currency, by making gold the
single standard, thereby depriving the
country of full circulating medium
needed by the business OF the country
depressing the prices OF farm products
articles OF manufacture, and placing la
Dor under the iron heel OF despotit
money power.
With small circulating medium, The
prices OF commodities are lowered but
with an abundance OF currency the price:
are proportionately better.
From present Indications Gov. Nc
Kinley is likely to be nominated by TIL
National Republican convention at st
Louis as standard-bearer OF the Republi
can party, that party being a represen
tative OF capitalists and gold bugs. Gov
Mckinley we all know is a strong pro
tectionist, an advocate OF the singh
gold standard and his party is pledged
to these issues-high tariff and demOne
tization Of silyer-and in the interest O
OF Gold Bugs. That party will be armed
and equipped to give silver its dealt
blow and lay it in the grave, never again
to be resurrected. The Republican part,
should ever feel grateful to Mr.. C!eye
land for the part he has taken in placing
it in its present position.
But we come nearer home. Senate
Pritchard is prominent Republican, a
intense admrer OF Gov. Mckinley, hav
ing imbibed all his sentiments on thes
questions. Now with what cOnsistcnc
can Mr.. Pritchard ask the people c
North Carolina (who are against pro
: lection, and in favor Of silver bein
placed in its old positioO to re-elect hir
to the United States Senate?
Does he represent the Populists? Nc
: Does he represent the Democrats? No
Does he reflect the sentiments OF tn
: masses of the colored voters? They car
nothing of the issues before the country
=. but will vote the Republican ticket. Blu
they want more money. Well, who is
; he represents? Possibly about 5000
white Republicans, one half OF whom ar
; bimetallists and against the single gol
, standard, because by Iegislating agains
l silver, their lands, stock and other prop
erty have deprecated in value. TIL
majority of the other half aspire to offic
and would fill them all if there wer
enough to supply the demand.
The sentiments OF Mr.. Pritchard an
t his party are as far removed from thos
Of the Populists and Democrats as tn
, East is from the West. Then why SHOULD
the Populists and Democrats league,wit
a party which is combating the yer,
principles for which they are contending
1 Would it not be more consistent wit
D common sense to unite on one who ha
e shown his faith by his works? One VIII
S is conservative in al respects, and wi
! represent the people in the Senate OF tn
t United States7 There is no man in Mort
: Carolina who would reflect the sent
ments and more ably, honestly and sin
. cerely represent our people than tina
l noble gentleman Judge Walter Clark.
General James S. GARRISON has write
. Congressman Settle advising the Reput
licans OF North Carolina againt any FL
sion upon National officers. Such is tn
attitude of the Republican part
which wishes to use the Populists an
the silver element to promote their in
. terests by giving them small spoonsiul
> OF sop. Such men as Judge Clark vii
: lead the combined silver voters tc vic
2 tory. CITIZEN.