Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-25
THE RICHMOND DIsPATCH-TUEsDAY, AUGUST 25 1896.
Highest of all in Leavcnng Power-Laes u s. Govt Report
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ABSOLUTELY PURE
ABSOLUTELY PURE

spend mills will not run nor railroads be
built.
Now the prices OF American wheat
and cotton are fixed at London In com
petition with Russia, India. Egypt, Ar
gontina, Chill. Uruguay-all countries
which are silver-using nations. The
price is fixed In gold. II II be
o. cents a bushel. that means
g. cents and no more TO the American
farmer but the exporter in silver
using country gets with his o. cents
in gold S1.H in silver. il Is
demons grated fact that prizes IN the
sllver-using communities have not risen
so greatly as 10 destroy this practical
subsidy 10 their agriculturists. They
can, therefore, and 90 undersell our
farmers in the markets Of the world,
and thrive while we. trying 10 meet
their PRICES AMI still, DO business on
a gold basis. starve. The first prices TO
rise under a return TO binetallism would
be the prices OF wheat and cotton. The
farmers exporting these great staples
tJouid again be liberal purchasers IN
our domestic markets. Their demands
would start again the wheels OF indus
try. would stimulate railway building,
Mould revive commerce The multiplied
ton of opportunities for employment
would infaliibly increase the earnings
Of labor, If not the normal daily wage.
Nor will the cost OF living be increased
in proportion to the opportunities for
earning a living, for the prices OF most
commodities would increase only slowly,
as. year by year the volume Of the
currency was increased. and as demand,
growing out Of wider prosperity. in
creased also. These facts NJ. Cochran
saw III 10 ignore IN his speech, though
so much OF IL was addressed particu-
larly 10 wOrkngmen.
As Mr.. Cochran studiously RETAINED
from setting forth the real principles by
which the friends OF silver cling before
in his robust confidence proceeding 10
demollsh them, as IN fact he set up men
OF straw which were easily overthrown,
ii seems pertinent 10 close a discussion
OF the matter. already too long. with a
brief statement Of the fundamentals OF
the free coinage theory. Primarily. we
hold that all money which IS based Oh
gold has risen ia value with the In
creased demand for gold so that tho
debtor Is mUlcted for the creditors unfair
profit We believe that the appreciation
Of gold. which has been continuous since
1878. VIII be even greater IN the coming
decade. unless checked by the adoption
of bimetailsm We believe that an ap-
precating dollar IS the deadly enemy OF
productive enterprise. the implacab.e Zoe
OF the man who works for wagcs-that
IS. who sells his toll. We insist that con-
;inued gold recommendation makes the
control OF the entire stock OF gold avaiia-
BILE for monetary purposes by few men
entirely possible and We call attention
TO the fact that the testimony In the re-
cent bond Investigation before the United
States Senate Committee shows that such
a corner" has already been effectively
conducted. Finally, the enemies OF gold
mOnometallism insist that the only way
TO combat its evils is 10 give silver equal
rights IN the mints-that Is. 10 coin 10
freely as gold IS coined. and al a ratio Of
Is to / with the dearer metal. and de
clare that the result would be not ode
preciated" dollar. but an honest dollar-a
stable standard.
The Journal hopes that at some time
Mr.. Cochran will discuss the essentials
Of the currency question. and in the dis
cussion subordinate his rhetoric 10 his
reason. his malice TO mis- power Of ergu-
mpnf