Pine Bluff daily graphic., 1896-08-31
GOLD MEANS
 REPUDIlTIOA.
The Real Contest Now Before
 the People.
TO MAINTAIN THE DIVINE LAW.

TO MAINTAIN THE DIVINE LAW. Ahst the Laborer Is Worthy of His
 Hire Under Silver the People Made
 Money; Under Gold They Have Reached
 Bottom Conditions-we Must Have Fair
 Prices For Domestic Products.
 h these opening days of our presiden- t1al campaign we hear a great deal about "repudiation n The word is used as ghbly as if 1t were as harmless as any of the epithets employed for cam palgn purposes One would think, from the frequent use of the term by those who advocate the single gold stand ard, that the people who are favoring the full remonetization of silver by re- storing 1t to the free coinage rights which it always had until they were surreptitiously destroyed in 1878 were working to bring about repudiation. The United States has not dollar of paper money that is not redeemable in silver, nor has it ever had dollar of bonded debt not lawfully payable, by its express terms, ill coin of the weight and fineness of 1870, when our unit of money was the silver dollar and sil- yer, not gold, was the legal standard of measure. When we consider the vast ness of our debt and the fact that it must be paid out of the profit of earn- ings on production, those who talk so freely Of repudiation are playing with fire i'll q place crowded with eombusti- bles
 There is real repudiation, funda- mental repudiation. the repudiation of the divine law that tthe laborer is worthy of his hire, {" which the people are HOW fighting against by trying to give to the exchange of products the help of silver, which will allow some profit out of which debt can be paid There is no other way to pay it. It must be paid that way or not at all The peo- pie who are trying to continue the gold policy, which has already reduced prices of products to or below cost line, and which, if kept up. must inevitably de- stroy our ability to pay our debts, are working for repudiation for funda- mental repudiation, for undermining the foundation of sound and solvent conditions. If that is done, then the superstructure of debt built on the earn- ings of the people must crumble and fall.
 If we were like England, country having insufficient natural wealth to sustain our people; if we were just bank and workshop, having to go all over the world for food to supply our population, for material which their skill could fashion for mans uses and which our ships could then distribute and peddle out; if we owed no debts. but were the creditor nation of the world then, as a cold blooded, business propo- sition, irrespective of fairness or moral rights, it might be "business' to work the people of other countries and live and get rich off the sweat of the brows of other people, and i'll cold blooded, business way we might push that ad- vantage to the limit which still per mitted our debtors to earn enough over living expenses to meet interest and principal on credits we had granted them. If we went farther, we should be destroying the goose that laid our golden egg. The gold standard people are now choking their goose mighty tight.
 But we are a great continent, with over 70, 900, 900 of people, with our whole land interlaced by rivers, checked over by crossing railway lines, sur rounded by seas. Our natural wealth is only scratched on the outcrop If we can have fair prices for our domestic products ill our domestic market, we can carry our debts and win out. If our increase of production and exchange IS done at constantly lowering prices, which leave no margin of profit, we must in- evitably fail. Twenty-three years of gold has brought us to rock bottom con ditions. Under silver we made money. With its help we shall make money again. Our people cannot afford to fail. They are, therefore, determined on change of financial policy, on a policy suited to our needs as surplus and sell ing country, which will make solvency possible This calls for the help of sil- yer. with full rights of free coinage at our hints at it's existing ratio of 16 to 1. There is nothing dishonest i'll that when the rest of the world uses it at l516 to l. That Wall street still talks about "53 cent dollars only proves that Wall street has not yet got out of the elementary class. Bitter experience, hard school, has given the producers more advanced education. New York Daily Financial News.
 How would the American workingman like to have a single gold standard and