The Progress. (Shreveport, La.) 1892-1900, 1896-09-26
.SH ERMAN'S DOLLAR.
WOULD HAVE 1T CONSTANTLY
APPRECIATING IN VALUE.
Inst ss II the Failing ir'ces OF 'r"
ducts OF Labor an Not Removing tho
,,.,,d,+iop from Our Civilization
Common Sense.

From Spokane Spokesman (hcpaDi'c-
am: In his Columbus speech last Sat
urday Senator Sherman said; mat
dollar is the best dollar that buys Inc
largest quantity of food and clothing.
THAT dollar is the gold dollar, Tor 1t
buvs more food and clothing than any
other dollar
If that were true, it would follow that
the dearer the dollar the better 1t
would be. A dollar worth twice as
much as the present dollar would DC
twice as good. according to Mr.. Shef-
mans logic, and dollar buying 1'ar
times as much as the present dollar
would be four times as desirable. ohe
who believes as Senator Sherman be-
l;cves is carried by his own logic 10
advocacy of an indefinitely apprecii't-
ing dollar An ounce of silver Will buy
substantially as much as it would BUY
at the close of the war. Silver 'heh
was regarded as hard. sound money.
It now has the appearance OF deprec'a-
ZION because of the appre citation OF golC
and men like Sherman, who once cali
ed II sound, now call it unsound. il
thew had their way, five years from no"
the gold dollar would be sui further
appreciated and dollar now regard
cd as sound would then be regarded as
unsound.
Mr., Sherman says he Is for the golo
dollar because it cheapens American
products He likes it because 1t WI!
buy three bushels of wheat, six busncl:
: of corn, Il to Is pounds OF cotton ans
wool, nearly 40 pounds OF lead, ana al
other commodities in proportion. INA
, dollar is the best dollar that buys tn
largest quantity" He therefore pc
ljeves that the dollar would be twic
as good if it bought six bushels o
wheat, Il of corn, and 80 pounds OF cot
! ton or wool.
q If Mr.. Sherman believes that, ana y
i says he does, by what peculiar men''
v process is he in favor of the protectlV
: tariff? The avowed purpose Of tn
,s protective tariff is to raise prices, an
!. thus make the dollar buy less food an
, clothing. How can Sherman consisten
:, ly be for one principle to make IN
:, dollar buy more, and at the same tin
support another principle to make
q buy less? Grover Cleveland at lea
Il has the virtue of consistency. Wit
" Sherman, he believes that the best DO
~ lar is the dollar that buys the mos
~ and he pursues logical course wht
al he tries to make 1t buy greater quaint
va ties-frst, by it's appreciation, and Sc
We ond, by the application Of free trade.
r. The truth is the republican party VI
consistent when it supported bimeta
lism and protection. These tend to
-, era of good prices. In other words,
~ cheaper dollar. The single-so
- standard and free trade bring an era
'" low prices. In other words, de
vi dollar. The new democratic party
si' not for free trade. When the dollar
'h' dear. the debtor and tie producer {
IRE hard times, while the creditor and nc
ne producer are able to exact an ov'
err flowing measure FROM industry a
en production. When the dollar is stab
lip and not too dear, the producing mas
ort are prosperous, debts do not crush,
lde dustry Is not paralyzed, commerce
Id not stagnant.
for There is no hope in John Sherma
dear and approaching dollar.