The Caucasian. (Clinton, N.C.) 188?-1913, 1896-08-06
SeuE FACTS ANo FIGURES.


For The Cauca.ian.I
NAsHyILLE, n. c. July -. II have
been reading other peoples views,
and what they had to say about the
two old political parties for not do
ing what they ought TO have done
and for what they ought no; TO have
done.I believe the people are eduea,
ed thoroughly on that subject, and
therefore | will not ask your
many readers to follow me along an
old road.
1t seems to me that every person
who wants the free and Unlimited
coinage Of silver restored, should he
asked why he wants the monetary
system OF this government changed
Does he want it changed because a
few mine owners cannot mine SILVER
at a profit, or because silver was de-
monitized by fraud in 1873, or be
cause the two old parties have failed
to comply with their promises; or Is
it because the gold dollar is worth
what two dollars were worth in 1878;
or is it because the silver dollar Is
the dollar of our "daddies" and the
money of the constitution: or is it
because the annual produce of gold
is insufficient to supply the neces-
| sary quantity Of money to defray the
necessary expenses of this govern
ment and leave enough money IN
the country to meet the demands OF
businessi If it is for any one cause,
it is for the last one mentioned.
Argument and oratory are all very
nice and very interesting, but what
the people wish to learn is the cold
stubborn fact-the one cause of al
our financial embarrassment, which
in nv opinion will do more to brine
the people to work for reform than al
the abuse of the two old parties
theory, argument, or oratory.
Il wish to call your readers atten
ton to the statistical abstract OF thu
United States for 1894. 18th number
, prepared by the Bureau of Statistic
under the direction of the Secretar.
of the Treasury. IN page 81 yo'
will find in 1894 the gold produc
r was worth $50, $685. 900. This is tn
: largest amount of gold that has eve
: been produced up to 1894 and it /
3 admitted by all authorities that one
: fifth of that amount is used in arts
Y which will amount to 81 191 900, an
a this amount subtrated from $35
: $4,000 will leave $2S, ,764, 900 to b
+ put in circulation as money to pa
Q principal, interest and to carry o
s the business of this great countr.
t This money is supposed to 60 in'
O circulation among the people excel
f that what is shipped to other coul
tries. l wish to call your attentlo
to page 6 in the same report whel
YOU will find that the annual inte
est on the U. S. bonds alone in Is!
70 was $25, 1894, ,3S5.60. Since that TIN
II there have been $262 ,OOO, 900 dolla
l. in bonds issued bearing 4 per Gel
l. interest and the annual interest at
1t per cent on $262 100000 dolla
" amounts to $lO,4SO, 900. Add tt
TO amount of interest to the annual i
Ia terest prior to 1894 and you will ha'
es an annual interest amounting to So
% s74, 1856 90; and this does not inclu
le the Pacific Railway bonds.
You can see from these fgul
that the annual interest paya1
OF semi annually amounts to more tn
rs the annual product of gold that
to used for money which is $2S, 764 on
d: The interest on bonds is $35 ,S74 81
ITS This shows that the annual inter
ey amounts to 81, ,1lO,3S5, more than
ou annual product of gold. This d.
ar not include the Pacific Railw
bonds which is paid out of the Ire
ury. This is one Of the main r
sons why l want free coinage
me silver, because the annual inter
ar takes all the annual product of g
and then takes 81 LII 1855 dollars
of of circulation to pay the princl
in and necessary expenses OF the g
L. ernment. This policy necessita
the the issueing of bonds to obtain 6
Its to carry out the policy of gold m
ties ometallsm and lessons the per cal
on among the people and makes mo
scarce each year and will CONT
srs. to do so as long as any party
int ries out this financial policy.
We will examine and see what
and feet free coinage of silver will hs
See book above referred to.
,gi- page 80 you will find in 1894 the
list nual product of silver was S
on SIS, ,757.
lec- Under free coinage that amc
would 20 to the money side of
ney scales, less one-forth that is l
her in arts &c., which will leave ave
and BILE for money on the silver
be 5S,1S1.S1 dollars. Subtract
free 7,l1O,3S5 dollars (Which is
: at amount of interest unpaid by
our gold product from the $5S, ISL
ouis and you will have after paying
the annual interest 51O71,4 ,433 do
and which would circulate among
people and would add 73 cents
IS to capita for each man, woman
Pop child in the United States as Ion
Raj the annual product of gold
silver continued to be as large
men 1894. The figures show that
eigh country would not be flooded
'. j. money, as a great many would
:e1 n you to believe, when it would
'bins forty years at 73 cents per capi
an annual increase to reach
con- dollars per capita, if we have
and per capita now as some would
you to believe, and these figure
thor based on the presumption Iha
auga will not have but seventy milli
pro- people for forty years to come.
tend. w. S. BAIL
| the .,,,.--.-. ~ cv.vre
was '"'o"'
, of A Horse Steps Into . Bed Of Fo'
a f,r Copperheads, huns Away and Is X
7. E. WILLIAMsPORT, July IS,
IL - ID k II n