Semi=weekly graphic., 1896-04-29
Hoods Pills s5s so oesfste esss 'o a5 as esnts easy

lion bale crop is raised as when only seven million bale crop is pro dnced2 In this statement Bro. Car mack sets at defiance all the rules of trade and the experience of individ- uals and nations.
 In his reference to low prices the distinguished journalist also main tained that prices are low because people have no money with which to buy, but in this contention he dis misses the facts which show that since 1878 the per eapita of money in circulation and volume has stead lily increased and that the per capita circulation is gi eater in this country today than it has eyer been, and that it is greater than in any nation in the world except France and Bel gium. If the argument holds good that m increase in the amount and volume of currency increases prices, then prices should be better now than in 1873, or prior to that time, but the truth of the matter is that the low prices of today are due to increased and cheapened produc- tion and cheaper methods of distri- button.
 Bro. Carmack also quoted from Carlisle's Chicago speech in the lat ters claim that ee<coinage would expel all tsAtse=gold from the country thereby diminishing the volume of money by one third, while the pur- chasing power of the remainder would be reduced 90 per cent, "that is, commodities would command twice as much money as before. " Mir. Carmack argued that if this con tention were true, prices of eommod- ities would not advance, but that in consequence of the scarcity of money prices would cheapen, and, therefore, Mr. Carlisle's argument was fallacious. In this contention Mir Carmack peryerts the argu- ment Of the Secretary of the Treas ury. Mr. Carlisle did not maintain that prices would advance in conse- quence of a contraction Of the cur rency, but what he claimed was, and correctly, too, that imitation in prices would result from a deprecia- tion in the purchasing power of the currency remaining-a very differ ent thing from what MT. Carmack said.
 The Memphis silver advocate also stated in conclusion that if the sound money men from the East by fraud, trick, chicanery or corruption gain ed control of the National Demo- cratic Conven tion, he would follow it lin sorrow and regret. Now, what we want to know is what right has the Memphis editor to assume that if the sound money men control the National Democratic Convention that they will do so by fraud and corruption p Are not the Demo- erats of the Eastern and Central States as honest as the Democrats Of the South and West? In times past have not these Democrats, amid the severest denunciation at home, proven loyal to the Demo erats of the South, and haven't they been quite as honest2 Did not the Democrats of these States oppose the Force bill, and throughout the reconstruction period did not these Democrats work shoulder to shoulder by the side of Democratic Senators and Congressman from the South. Didn't they-or at least a majority of them-vote for the Will son tarlff bill and the repeal of the odious Federal election laws Then why appeal to sectional prejudice in the determination of an important question, affecting the interests of the entire nation, like the financial question? We thought the bloody shirt was thing of the past. Then why should a Southern Democrat wave the sectional bloody shirt on National question ? And, finally, is not one Democrat as homes and as good as another Demoerrt anywhere ? If the National Demo cratic Convention at Chicago de- clares for sound money or free silver, whichever it may be, it will be because a majority of the Demo. crats of the Nation think that way, and whatever the verdict, it will be | an honest and patriotic one.