Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1896-08-06
4 FAIR WARNING.
oxon0iA BANKERS TELL DepoSlToRS
WHAT WILL BE THE INEVITABLE
RESULT or FREE COINAGE.

nnnAess want 70 Ise&urn - nspositors ~
1esA Msasy y was Reoeaved-May h
EsevsaesA ~ tho Awful Rssh u Ruin
WAlsh win Prsoedea Free Coinage Law,
The Georgia bankers have formally
Declared that IAN immense majority 1T
The financial mon in Georgia believe
that great calamities would befall the
whole country il certain very extreme
views about primary money should
peBvail." This Of cOurse means FREQ
coinage by the United States
III these politicians succeed" say
the bankers Of Georgia, I'VE wish it
understood that it was in despite Of our
warning; that we to the last protested
that we wished to pay our depositors III
. coed money as we got from them;
that to the last we besought the disturb
err Of the peace Of commerce to let con-
Adence In money revive, and when our
depositors rush upon us for their money
in advance ct tho passage Of such u law
and in order to attempt to avoid loss
before the law dcpreciates their money,
and when to meet their imperative and
Just demands we are forced topress col
lectiona and deny accommodations in
that awful rush uf ruin. let it be remem-
bered that VIC begged to be spared the
calamity to ourselves and to the coun.
try"
Commenting upon this declaration,
The Journal Of Commerce and Com
mcrcial Bulletin Of May ~ osks: Twill
the planters and the politicians of
Georgia persist in their demand for free
coinage after this impressive protest
and warning addressed to them by their
own bankersy We fear they will. but
the immense majority Of the financial
men Of Georgia ought to be liable to de-
feat the politicians il they cannot deter
Them"
This declaration" says the same
paper, sis evidence enough Of what we
have 10 often said, that the silver ques-
ton il not sectional; the commercial
glasses Of the west and south are gener-
ally sound ON it; the issue il one be-
tween the commercial classes who know
something Of the OPERATORS Of monetary
legislation and the farmers of the non
commercial states who do not know.
and the politicians who do not even care
20 long a. they a raise an excitement
By means Of which some of them can be
elected TO Office.
Continuing it says "that most Of the
free silver talk is due to an inability to
understand the facts underlying the
question ia illustrated by the protest Of
The Memphis Commercial Appeal. that
the idea that the silver men would ex-
pei gold from use a. money il entirely
gratuitous, inasumch AZ such has
been their intention or desire The
Commercial Appeal is quite unable to
understand how gold would be expelled
unless . law were passed to that effect.
1T is immaterial what the silver men
intend or desire If they succeed in set
ting in motion the forces that would in
evitably end the monetary use Of gold
in this country. The paper has u com
plete set Of financial opinions which it
does not hesitate to insist on against the
adverse Judgment Of all financial au-
thorities here and abroad, and yet it has
% little acquaintance with either the
theory or the history Of money that it
does not even understand what is meant
By the statement that free silver would
drive gold ont Of monetary use. OF
course it never heard Of Gresham = law. .