The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1896-04-21
SOMETHING MORE ABOUT SILL
YER.

YER.
The Charlotte Observer is nothing II
not brilliant. It requires g. three foot
hole to get in at, but can get out at a
mighty small hole. Replying to our
editorial on the almighty dollar of last
week, the Observer proves by John G.
Carlisle's Chicago speech that the sill
yer dollar is worth i~ntrinsiCally only
81 or 50 CENTS" Then it draws the
New York Mail and Express of last
Tuesday on Us and it quotes Mexican
silver dollars at 534 and So cents. The
Observer asserts that Secretary Gar
isle knows q thing or two and would
Mt tell a lie that he would be picked up
on the next morning, We'll, we would
Mt believe either Carlisle or the New
York Mai and Express" on their cath
nor on their d8athbeds. Ether can
out lie Siubad the Sailor, Baron Maun
chausen or the Father Of Liars. Car
Isle is the same man VINO said IN Con
gress a few years ago that the demOn6-
tIzati0n Of silver ami the adoption Of
The gold standard Will ultimately en-
tail more misery upon he human race
than eli the wars, pestlioDco ard
famines thai ever occurred ia the his
tory Of the world. He else said IL the
same speech:
The absolute and instantaneous de
etruotlon of halC the e1ti-o movable
property Of the world, including
houses, chips railroads and other ap-
planes for carrying on commerce,
While it would be faIt more sensibly at
the moment would not produce any
thing like the prolonged distress and dis
organic alton of sOci8ty that must newt
ably result from the permanent ami
hiIaJi0n Of one half the metallic money
IL the world"
Bat now the same Carlisle ia defend
lag the characterization and declaring
that if the single standard is not con
tinued everything will go to ruin.
Think we will believe what he says
about the price OF the silver dollar or
anything else2 Not on your life.
However, we are not surprised. The
silver dollar may be worth but so cents
or even % cents. 1t would not eur,
prise lis to get up some morning and
hear that cotton is only bringing 2
cents per pound. We are fully pre-
pared for surprises Recently Col. f.
A. Dds gave the editor of this paper
what he called "a piece OF news" and
then he asked this question: Are
you surprised?" No." we promptly
replied, we are not surprised at any
thing" Then he said: Just as ex
pected. If you should get up some
morning and learn that hades had
froz ever you would buy a pair of
skates and go skating before break
fact"
The Observer winds up with some
remarks Of the value giving power of
the government. We consider that
paper too sensible to be arguing against
law and common sense. The United
States Supreme court holds that Con
grs IS is the only power that can issue
money. Therefore it can say what it
shall be made OF and fix its
value. Unfortunately Congress has
famed ou5 much Of the power to
Issue money to private individuals-
National bankers. Ii the Observer is
correct it should come out against shat.
Congress fixes the salary Of the Presi-
dent at $50, 900 q year, It a retain q
SO q month man in that position,
hence It can fix the value Of money.
The commercial value Of gold and sil
yer is mad9 by the output to some ex
tent. D2monetizo gold all over the
world, or IN that portion Of the world
where silver is NV demcDetiz3d, and
watch the commercial price drop.
G1ld is regarded as worth sixteen
times as much as silver, but the price
cannot be kept up unless it is re.
cognized as a money metal. That is
the trouble with silver today.
NEWSPAPER AND FLOWER