The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-06-25

have decreased in value.
Under it's operation we have seen the
most gigantic strikes for higher wages
in the history Of mankind. In times of
peace we have seen the troops of the
United States protecting the mails and
Interstate commerce against the at
tack of the hungry, bowling mob.
Out of it's operation have evolved
half a million strong hearty beggars.
The tramp is the natural offspring of
the single gold standard.
Coin obligations are all paid in gold
Paper money is redeemed in gold. Sill
YER is measured by gold When all the
gold is exhausted more bonds are is
sued as if those bonds never had to
he paid. 1t seems never to occur to
some people that the bonds of the
government must be paid like the bond
of the private citizen.
As surely as time moves on a day
of reckoning viii come, a day black
with disaster, unless there is enough
patriotism left in the people to see
to it that their rights are not trampled
under foot.
The money of our country is divided
into three parts, almost equal parts
of gold, silver, and paper money. The
policy Of the government requires that
all money shall be redeemed in gold.
But no financier has ever yet told us
how one gold dollar can redeem pa
per and silver dollar at par.
That great infdel Col. Ingersoli very
;rreyerentlv remarked that he was sat
SIZED With any kind of an Am"@cm
dollar in his pocket because lie could
hear it sing Il know that my redeemcr
liycth.'' The Democratic party viii
make the silver dollar it's own redeem
er. 1t will sing the song of the re-
deemed. 1t will be launched out on
the great sea Of finance on its own
merits and the government, instead
Of being forced to redeem two dollars
with one, will redeem her paper dollar
,,ith either Of her two dollars II phi
mary money.
Nothing on earth can prevent the
ultimate bankruptcy of the govern
ment under the present system except
such an immense find of gold as will
so place it on a commercial par with
silver at its former ratio.
They tell us the silver dollar is
worth only fifty cents. In one sense
this is true; in another it is not. Gold
has appreciated while silver has de-
preciated. \ dollar worth less than
a hundred cents is no more dishonest
than a dollar worth more than hun
bred cents. If one robs capital. the
other robs labor.
But the fifty cent argument is not
fair. Strike from the laboring man
one of his strong arms, would you eX-
pect him to do full days work?
Pass a law forbidding cotton fabrics
to be worn in the United States, would
you wonder if the price of the staple
went down. Take life out of the body,
death follows. The reason the gold
dollar is worth an hundred cents and
more is because of the fact It Is used
as money. The money quality is the
valuable quality.
Restore to silver the quality of which
it was robbed. that quality which for
tho rsauds of years 1T possessed. until
the Ohio statesman appeared on the
drama of life, that quality recognized
by the Prince of Men, ''of gold and sill
yer have / none," and you Will soon
see the silver dollar return to its ma
tural parity with the gold dollar This
natural parity has varied in favor of
silver until to-day there are just about
sixteen pounds of silver produced to
one pound of gold.
Fellow citizens, let us get together
on this great issue. Upon it we can
carry this nation. The Republican
party, true to it's tastes and traditions,
is battling for monopoly. Their can
didate for President is the giant of
monopoly, but mark these words, this
giant of monopoly on the Sd day of
November will be laid low by the sim
pie sling and smooth stone of some
shepherd boy of the people.
The Democratic Congress during its
short lease of life passed the only leg
islation which for thirty years has ben
Gifted thep lain people. They reduced
| import duties twenty-five per cent
and yet the Wilson tariff produces
sixteen millions more of revenue per
annum than the Mckinley bill. They
provided a moderate and just income
| tax which would have yielded forty
| millions per annum. Under the oper-
alton of Democratic legislation there
would have been no necessity for fur
| Their issue of bonds. Just about the
| time that the Supreme court of the
! United States had declared the income
| tax unconstitutional the Republican
party came in power in both branches
of Congress.
What did that Congress do? 1t en-
| joys the distinction of having spent
more and done less than any of it's pre-
| decessors in all the history of the gov
eminent. The president and the peo-
| pie appealed to them to pass some
measure to relieve the Treasury but
in vain. They contented themselves by
spending money and trying to increase
| taxes.
Let us call them to account for their
conduct.
1t shall be my duty to call to ac-
| count the present Congressman from
this district. l have not forgotten his
| pledges to his constituents. And that
other gentleman from the county of
| Randolph viii be called to account on
behalf of his party, if the name of his
party can, after due diligence, be ascer-
| tanned.
From Nash to Randolph l will call
| Them IN account