Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1896-08-20

arc. ar. ary teEs6s csssFink Bl.T5n a.
Secure Il b. neltizs ne es,n- 4 s,- 80
sliists ard fEdepsnterf bszssesll.sss ci.-s
ID. can the United States ~ m. frre AL
80 rx;s, e-sste a denszd FOR siiye-
Which. taken IN connection VIE tne =
nard already IN exlsr@nc~. VII - 81
-tsrt to urliire all the silver ts4t VIII 1e
ur..ertss al ire r1iztsr They srrse Il
tAelr fefsnss % the metallic principle a11
thsy AEr-s IN un1lter.eie opposicc1 %
IRE xoid standard rrtrrratl1r2l htf-e,-
sfiisrs rarnot ~orsplala that free coinGxs
rfwe. h~r~df 70 the u1fre owner. hecarrSe
i-tsrratsonsi b1m-taIlisu gives 20 he
orner q silver al the 2dvzrfaxes o8ers1
By inespen6s-t hiustallis1 az TIE sarzs
ra.s1 International btr--s' lists ear-ot az
cas- the Advocates o. free silver q oeizx
.ans1Iifor owners -ho desire % rzt-@ To-
vai1~ 81 their bullion or DEBTORS Who
ssasr- 70 par their dsbss r. cheap dollars.
CT te-zazsgries Who d@sire % curry aver
I appost.inn upon ore sr1uzsi ouiy. nAzzs.y
That the supply Of silver 9veAa1ie L9r
roinzEs = too isrge 70 = utiiizet - ire
IN ciscussirx this qusstis- ~ =ust -1n-
ssssr the rararf2y q eur people % llse 81
r-- ard th> quantity % silver which car
tat v- i've n = country o1iy partially DE-
v-ior-.. ard taAt orr r@csis far s-zrrsss
sny equal number q people = TIE wcrtl r.
their power = co, s,sisae ID groe.es 80
r-1us internal cu-msrcs must - tAken
frto cuzgld@rMfton- $r-- Row Euch 81
I ver car core hsret Sot ne eo.ae<i sllvsr
+ Z ne world. berAus- almost al % z = mere
wzluz BE az this fir-4 n gE1-r lanftsf fh1rtr
wiIl b at cur mirrs -u1-r free cct-aEs
n cur u1tnt- are op>net % free AT u1li11-
[ TED ccfazss a. the present ratio. uer-
{ rha-tfse silver cannot cor1e here. because
[ fhe labor applied 70 u worth n10Tstlu The
| f5rr. % merchandise than Il VII os ~o-rh
| AZ our rafnfs We Garnet expect any o. t1s
l snruAl product % sav-r. because Irciz-
China. Japzn. Mexico ard al ether silver
1sisg countries z1st SATISFY Ter annual
rrefs from the annual prud9ct th~ arts
I vii require 4 large amount a-f TIE Eot1-
Z Standard countries viii need a considerable
quantity for subsidiary cofraE-. We VII b
required % coin only taat which IS n.7r
re.sed sixewhere bat Z re stzrt r~ady
I 70 take and utsli-e al % q. ether aztls1s
/ All se compelled 70 by a. Tho price ~ Aich
ne sx Many fear that The opening CT cur
miuts vii be fsIiow-d ~ an enormous lr-
crease IN th- annual grcsi1cttou % silver
E THIS Is cor lecture Silver has beer Used
money FOR thousaa1. q years- ard
during al % that time the world has never
su5s-@d from an cver-5rscllction-
/ Coinage Requirements raaer silver.
1 We wiu - required - coin 0rlv that
| which 3 not reetet elsewhere but y ws
| other nations VII BE cozz7ells.. 20 buy
! the price which ne fl Many fear thar
I the opening % our hints vii - followed
/ By ar enormous i1crss So n the snzusI
Z production OF silver Thss - con lecture
Z Silver hAs been used money for thou
l sands Of years ari trrrfug AL % that tine
the world has never suffered from arr
overp-od1ctton- II. 20 any r~asaz- IRE
supply e gold or silver IN TIE future ever
| exceeds TIE requirements % the arrs ant
! the ne~rf % commerce We confidently
I hope that 'h@ fnfaiitrr1cs q the people
/ sfil - sufficient % devfs@ znt -zart any
legislation necessary for the protection ot
the puhiic-
II Is folly 70 rsfuze 70 the people Ire
L
I may her~4fr-r have mere than thsy need
Z am srIaly convtHCet that BY op~Efrx our
{ ruiuts 10 fire. ard unlimited coiuaES az the
present ratio ~e can create a derz<a.i Tor
bullion a. 81 = per ounce. MEASURED %
gold
Some % our opponents attribute the ftII
/ IN the value o. silver when measured ~
| gold 10 the fact that tzr--x the last quarter
( Of 4 century the world ; Supply % silver
has Increased u-or- r1pitly than the - Irtl-s
supply Of gold his argument = e.-tirely
answered By the fact that during the last
| i've years the annual production Of god
has Increased more rzpstIy than the an
/ nuGl prcsfGctian OF silver.
Our orpons1ts cannot ignore the fact
that geld = now going &erost n spite q al
LEGISLATION intea.4ed % prevent 4, and ne
! silver - hetug coined TO take It's pi.c-. Net
only Is god going abroad rev. bot e must
/ continue 70 - abroad IS lorE as the Pr~s-
ent financial policy . adhered 70. u.les- -a
continue 70 borrow from across The cream.
and even teeG we sir1ply poSrpors the -vfl
because th= amount borroxSa tcx-th~r
with Tire tHts--s, Epoz - must es rspaiG
in appreciated dollars
Net Advocating Fffsy-Ce-t Dotiar~
Followizx n a. earnest arxuz-zt fave
ing the restoration q bir1srAlits-n. N--
Bryan sad Perhaps tia ruest persistent
the charge thst ne are a1vocarfzx The r1y-
u-srt Of eshss n s-c-nr cellars. Al r1s
PRESENT tine a-e U-fsr present. AVS n 81
yer cellar. wher rzsiEz1 iose- nearly n4lt
its val1e- bat thai WI noE - rr7zs N-e1
we again esrASll.A a Eztrt price for silver
ss ls-.s - sSsg - ss.ses sss GO. - z :
Ger etr-efslisrl silver nU1iioz WI be vcrfh
a. nEch zS SILVER cutr- inst as god Hszllbea
- now worth IS much IS god coin. ard Ea
h~li-v- that a silver dollar I'll hs worzn as
u1uch as q god dollar
Those who 1sny the ability % TIE CzifssI
States 20 maintain the parity h~twesr got.
oGt foreign AID point 70 Nsxteo. ard Ass@r-
that the cpeninx % cur n1-ts 81 rst,4ss
/ premium L IS no reflection gpoE s1r So
/ ter repuhlir 70 remind eur people hat 10
| United States g much greater fhkn Atxtea
/ IN AREA. n population and N r1EEsrclz
strength II IS ABSURD % zzsert tat -
United States - net able 10 Go a1ytEias
which Nexics mas failed % 1cccEzT llsn-
/ The ore thing necessary IA ereer -
maintain the parity e - furnish = esrazze
great enough 70 urtllE@ all the silver whae.
VII come 70 the hints That Hsxzea t4let
States would also SalL IN response % IA.
argument that Improved Elachsnsry Ia
/ lesseEed the cost q producing silver. NJ
n true % the protf4ctf1a Of gold. and not
Ht1hssan4ius th4t geld las rissz n v1ize
Arguments Against silver Answered
He replied IN detail % zuz-aru1s ARA
ue1ss against silver II i = Asserted. -
said. that the free coinage q silver . n,
tended only for the heEenr the Mrs
owners. IL must % reueEo@FVs1 that fire.
coinage cannot restore 10 the E,l1s owner
-,
az1 II must also be remembsre1 rhAE "A.
loss which the characterization OF silver Ia
brought 70 the mine oEners . insignia
cant compared TO the loss which thts poll
| cy has brought TO the rest ot the p~opie
/ Tha restoration o. silver viii bring % thl
people generally many times as much al
vantage as the mine owners can obt2sz
from r. While Il - not the purpose q free
coinage 10 specially std any particular Class
YET these Eho believe that the rsstoratioE
OF silver - needed by the whole pGcsl,
should not be deferred because an irrt
Dental benefit vii COME to the mtrs owner
The erection % forts. the deepening o
karhcr-. thu improvement Of rivers. n,
erection Of public ouiidinSE-AM these con
fer Incidental benefits upon indivtduzl. an
communities. and yet these Incidental ben
ef1ts do not deter Us from making approprt
atoms for these purposes whenever s5Eci
appropriations are 1sces=ary for the pgsbll.
good
Deetor shoald Have the oPsIoa-
II there are two kinds CT money me %
ton must rest either with the cebtcr q
With the creditor. Assuming that their
rights are equal. we must look at the inter.
eSts OF society IN general In order % de-
ternine 70 Ehich s.ts ths option should b
given Elder the hizstalllc system xolt
and silver are linked together by lzx al !
nxed ratio. and any person or persons OWE
ing any quantity OF either metal car have
ire sane converted into fun legal tender
II the creditor has the right to cho1ss
t1e metal IN Shlch payment SHALL &c made
x = rs4ssuao-e To suppose that ne Wil
require the debtor 10 BAY n tire 4ea-er
metal II there Is any psrcspt dt-ersurs
between the bullion VALUES Of the meta :
mis- new cen211 created for the d<af~r
metal VII maze that metal teAr~r stu
vale TIE decreased demand for the cheau-,
metal VII make that metal cheaper SIN
II. On ths ether hand. tn DEXTER exerrtse-
shs oprtoE- 70 10 re2scn1ot@ 20 =uproze sAai
he VII Pay IN the cheaper metal X ors nav
- perespttely cheaper THAI the other -,
the cenant thus created fer IN. chszpEr
metal Vii raise is price. ziAs the Iess~is,S,
Demand fer the cezrer metal VIII bo~<r n.
prtce- -
In other Wo<dA when the crp.i-o- IA.
TIE opttSc- the metals are ZrAWu auarr
E1ersass when the debtor h4s tk~ or-7cr
the metals are hel1 together 4p1rgxs-u.re-
Z y ~ the ratio Hxed ~ law c-OSf7se-s ~,
ceE@r1 created - sutccieng % ahsorh ~
Q. notn metals presented At TIE r,rrrf -
e.ety :. therefore. interested. IN 1870
TIE option exercised BY the eehtor
TIE right % TIE Debtor % eno~x. -.
som N which payne1t shzu h-a r-ac~ a.
teE1s 70 Obligations due from fh- --vrr1-
me1r 4 well a a "a