The times. [volume] (Richmond, Va.) 1890-1903, 1896-06-19

thinks Colonel McClures article IS what
Is commonly called q "sOckdologer, ana
ends the argument on the financial ques-
ton.
Ths weight OF a distinguished name
should always command respect. out II
should never compel US 70 permit u e4'.
misstatement to 70 unchallenged. rs
both yourself and your friend seem 10
accept implicitly Colonel NcClure's state
ments. | desire respectfully TO ask leave
10 correct two Of them, the Two most
fragrant. for the whole article J.
ries OF mi-statements or deductions liv'h
the two leading msstaiemcnts 10 WIZ"
! am going 10 call attention. . ~.
Colonel Mcclure says. "our gold noilal
has never varied I'm value for the reason
that n has been the standard OF Naiu'.
not only here, but throug nout an ilalio'li
OF the world. and gold coin is nm
by every government that creates il WIZ
It's actual value. There Is. therefore, TO
variation IN the value 81 gOld com III
any country Of the world .
This sentence involves TWO hla,lDNS
u1euts. our gold dollar Is not stand
ard 81 yaIuo throughout the world FOR
instance China accepts IL Only ~ 80
much bullion and 70 is taken by weight tN-
cept 40 the treaty ports. In every 'g"I11
try its value is reduced 20 the sianuarn
OF value current there, and Is so O.
pressed lust as the English pound str'Hn-
or the Mexican silver dollar is Win N,'
Again the statement that our goa cor
lar has never varied in value ior lnr
reason that IT hos been the stane'tu OK
value" IS directly i'm the teeth OF la'lH'
Suppose II TO be true. IT, same arg a.
ment would apply to silver Make sil-
ycr the standard OF value. ana
hy The same reasoning our
yer dollar would never vary ln Naiuss
because IL would be lns ...rbsre
value. So. too, the conclusion ln'i
is. therefore. no variation I'm the Nalue %.
n gold coin in any country Of the "oliI,
IS equally untrue. II true lhs sai"r IN
soning would apply TO silver. AaHe nii-
yer the standard, and there wouh .po ~
variation in tie value OF a silver CON lu
any country OF the world because e"f ~
Ioing The standard could not vary. as
no one thing or standard can nc ri~"|N'
nor less than Itself a.. .t.,,, mis-
This sentence involving the auoNS ni'i
leading clauses, asserts that our Boi1 No i,
lar has never varied in Nalls. N''D.l
Mcclure. III made 90 explain this n'"'e
ment. would doubtless say that ne i,'' ...., y
that the amount or 1Old nuii'lt i' tta
dollar would when weighed purchase lHe
same amount Of gold in any other c0gIH-
trv of the world as il would mere. MS
is true. and its purchasing power W."
buying gold now Is the same ~ IT, n,.
ten. NIFTY or hundred years slhfc. 90
when YOU say this YOU say ho5Nln--L .,
YOU have simply compared soiu W. M
self which Is no comparison at an. ArD
true test of a standard OF value j. "Hel"-
err &c maintains approximately t"o If,..,s
value as compared with l,va' 'n'7
whose values are measured n1 III Il, p.
standard So AN honest dollar Il llal
collar which most fearly r. ,ain7 ,
same purchasing power. SuuJr,teu
these tests gold has varied lh Nal"5' a., a."
the gold dollar IS not an nome, ~ wo' Ia
lbs INCREASING power between -" Sir
isot as compared with the forty -I ,N.e
Leading articles Of commerce. to-N
Vegetable foods corn. ~c.), allIihi lI--'
lmcat &c). sugars, c0nee, an" un' '.''i tr
rails textiles. and sundry, ma i.,,,
.creoeod s. per cent, while the Mt NlD'e
eiIvrr dollar though worth now only %
clrts fn ouy currency. purchases dprlDN'-
r,efoiv tho same amount OF any ou' D'
am OF these leading articles vL 'o-s ,.oi-e
thus showing that the chhhzs l,'c,.,
a. dine not 10 depreciation or plvi"
-. 20 er apnreclatiOn OF gold. anu lule
r,cors that every tax. every ntihl4f N''.
deht every note. every boi". ~ 49,.
non Is doubled in value, ana llla' j.. q,
twice as much labor. toh, -9' ,rt,is 1is-
,ar them as II ara in 1873. JOY.
iroSSos ~ Colonel McClure's first great mise
'Coio"oi ,rcC1ure's second leading ms
.4afcment Is that free c9li.t'-, ',+h
that a man who owns - 4, ~ a1r
Jq-,i,.i States mint for free cciiah' H
..f,., iOo legal tender dollars, llto
ri,.fny q leo cent dollar TOT NuN m, Am
g1,orth az bullion and paying n,rr,tt-sst.,te-
DE tng ie l, out Of consideration The a.
e ngt la" great rise in che price q s,, s
y ys'' Consequent upon The United 'a' Of
a1opl.l,- element IS its REPUTATION
eorno facte are not strengl ntn.n 'fi-non
... soii,a lay This IS one Of them p "~
tbese two leading misstalcil'eli,,,1,7,,. and
ali of colonel Mcclure $ te'soi''"7
a1 lar9on my article ana u.s. lens,n n nI
IN ii ,i,inas emanatiue from nIllil ,,, ,o
maj arc bound So ml~t,an sio'
,,~challoneol Respect uily'ti. REGISTER.