Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1896-08-20

ing their energies E8EHXM EE<& permanent
establishment Of . 81! seandard under
cover ot deciarasion 1900 s q interna-
'.es,s,. 80. ,ss,s.f ,,,st -. IS.
ssss,a, >. 80 t,,ss- - = - -,f-. 80 AZ.
bo,'eS.lv ,vs.h The arsaz7 8 -,s~,,,e
yrhat a. .t test - 1,l| 81 - ,sss,,,s,, =.
-. ,,....s..s.' ~. - - 80, -.
- s,,- - 4.<<a,. ,.,-.-..s
49,, ..,s 10 - ,.N.-sss
aE,sss.,a. -. r. - n. ss--.,-l.e,..
s,s,, -, .....s.,,s ,...s.s'
.,a,,.. .-,.s.ss s.s.,~~ - -ss-si-..-..
-. =. a. = z
a.. ~ ...,s.ss. :. Ds ...-..
I,.l.,s., = 49, - 49, -. - ~.
- - 80. - -, 80 <s.s
anfts.rIsies =, hls 49, <su< f,l~sef.1I;s,-
r,e,t s,,,lv ssi,..s,s f1.s< ~ 5., ,.-< e. .is
.a,sn,.,ssss, <f.,ss.. 1s 1.5l1 IN. 4 e III.
|sl.ssa. u 4 n n 4 ssl S5.. h ~ ~ n
st 81 s$<s& >F ~~f,.s e. e,.z,.~S l9I@zs- I.
sl,Ir Il, ,,,'y,a 81 ss,... .~k,..,s ,ass,.s,,s ~
s.,.,.,.. sss.s,- !. IT.
.sa. .,'i.,.., ss...,.s ..-,s.
:, sshasa, '.,.s :.
har 20 o.,IaTos 20 - ....,.,,,,.,,t,o-.,,
yro,,I5 b ,,,o-e s,,ss =. .,,,.-s .ha,, .,tha.
r,oi5 - s,,,-os - t.sss ,s-'s...,sr, a.. -,
-. o1,,.-ass .,.s..,.s .s-sss.- :. a..
~. 80 ..,,.-',.
--as -, T., 80, s--..s.a.s.s.
Purchasing Power OF the Dollar.
1t cannot be successfully claimed that
recommendation or bfme4aliis,n or anv 9th.
er system gives an absolutely lust stand
ard of value. Under both riononetallisiu
and biInetallism the government fixes the
weight and fineness of the dollar, invests
It with legal tender qualities and then
opens the mints 70 It's unrestricted coinage,
leaving the purchasing power of the dollar
TO be determined by the number OF dollars
Bimetallism is better than monoinetallism
not because ii gives US a perfect dollar
that is, dollar absolutely unvarying in
its general purchasing power-but because
it makes nearer approach 70 stability, to
honesty, 10 justice, than a gold standard
possibly can Prior 20 1873, when there
were enough open mints TO permit all the
gold and silver available for coinage 70 find
entrance into the worlds volume OF stand
ard money, the United States might have
maintained gold standard with less in
jury TO the people OF this country, but
now, when each step toward a universal
gold standard enhances the purchasing
power of gold, depresses prices and trans
fers 70 the pockets Of the creditor class an
unearned increment the influence of this
great nation must be thrown upon the side
of gold unless we are prepared TO accept
the natural and legitimate consequences Of
such an act Any legislation which lessons
the worlds stock OF standard money in
creases the exchangeable value Of the dol.
lar. Therefore the crusade against silver
must inevitably raise the purchasing pow
er of money and lower the money value OF
all other forms of property.
Our opponents sometimes admit that it
was mistake to demonetize silver, but
insist that we should submit 70 present
conditions rather than return 70 the bi-
metallic system. Ehey err In snpposipg
that we have reached the end of the evil
results of n gold standard We have not
reached the end. The injury Is a continu-
ing one, and no person can say how long
the world is to suffer from the attempt 10
make gold the only standard money The
same influences which are now operating
to destroy silver in the United States will,
il successful here, be turned againEt other
silver using countries and each new con-
vert to the gold standard will add 10 the
general distress. So long as the scramble
for gold continues prices must fall and
general fall in prices Is but another defiui-
ton Of hard times.
Our opponents, while claiming entire
uIsllteFes'euhess ior themselves nave hp-
rIsss ~ society Rccoe,,,s,re, tha diSrosi.
tion NJ tho indiv,dreI yo,sr 80 consider tbs
ofyect ~ arv rror,sos iae;sI.tion nron
bi,,soIf ,rn ,rasa,,. -, az, 4 ,,,ari,.,, ;, -
nile the franciaI ,,oi;cv ortlined ir tina
CL,oar,o -, iI1-1s.s.,..' a.. e. Iii
r.s,,i, =, H. r,-aato., ..-s.d =. .ha -.
nnmher @' e''' - '''
TLa o.. A.. -,
-, -, tn az Oppose1 " .ne go
S. -, 20, - 'i.sy na,e leit i's el.o.S
74i,0e 'heS SCR a. "hoaesaie anu Duy ~ re-
eati my HaNe ,,. lose more tnaI llies nite
tt- - p.ioes an Desiu', - '-4-.
iiu'S toiu rw 1i.a' .ersari y, nAeu ol'''i
~ ,~i"No Ho' iaiiSh ~ aii. Aaaes hnNe ho'
Deen peIceltio1y uecreased, aI.hough II re-
ff., ..i..e =. Va iai!n pIouucas 10" 80
80 80. 80 - sIe s .AC: 49,, w" III.
SI,''s - - J. - a. ...,, - I,ns
-. a' ,I.1. y, 'i0 ooc '4ovV - s1iit
~ p.ss 49,, aIthoush II slay De '%iys nv,
- uIIIi.lie - ioIIilctiy 20 optlh .ne uoi
- - y pay siic u.s. ouu
Ia.ys ', '.''No ,' Iio' oeeh reuuceu 70 Keep iIce
Win Lalllne prices anu Desiues these
i'eIiIs theTe are many more Inc lar iariilsi ',l
mas mus iyuho ~ nloIe anu nlole uliiicui.
70 iNs Iias ne no. JUST connPiaiii'
against 'i's goiu s'ahuafW
Eject on Wage Farmers.
The yvage earners bava hean fninred bv
n s,nld standard and have exuressed them.
saives ,,poy, the s,,hsor. ,.,st, ,,r.ot e,,,.
phasis In Fehruarv, Isas n re.itsor aeL.
ing for the in1rroffia,e- rsstnration ~ the
free and unlimited coinage ,f ro.-I and siI.
yer at 10 to was signed bv the repreee.,t.
atiyes of all. or uearlv MI, the leading Ia.
Dor ORGANIZATIONS and presented 10 con.
eress Wage earners snotv that vvbiIe n
gold standard raises the rurchasinr Y,oyre,