Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-09-10
FREE COINAGE OF
GOLD AND SILVER
AT 16 to i.
The Hope Of the Nation
BY H. c. BURsoN, NJ. D.
1CONTINUED.1 !

BY H. c. BURsoN, NJ. D.

alism and that people prospered as
did the nation also. After gaining
our freedom from greedy England
there were about 100000 people in
the United States, when silver was
demonetized their were nearly so, ,000,-
900 people. We have had all togeth-
er sixteen wars since the Declaration
of independence and yet we pros
pered.
The Revolutionary war was fought
and the debt paid when the mints
were open to both gold and silver on
equal terms. The war of 1912 or the
second war with England was fought
and the bebt paid under the
bimetallic system. The war with
Mexico was fought and paid for un-
der the same standard. The Louis
anna purchase was made and the
debt paid with gold and silver as the
redemption money of the country.
The war of the Rebellion was fought
and our loans made and the debt
was fast decreasing when silver was
demonetiZed, and the debt has not
decreased as fast in the last twenty
three years as it did in the eight
years previous to the crime of 1878.
Again
First-There is not one free coin
age country in the world to-day that
is not enjoying unexampled prosperi-
ty. the only drawback being a
foreign debt contracted on the gold
basis.
Second-There is not gold stand
ard country in the world to-day the
property of which has not shrunken
from IS to go per cent during the last
81 years, not one in which there is
not unexampled depression, and sor-
row.
Third-There is not a silver stand
ard country in the world to-day that
has any need of gold money except
to settle foreign balances, and there
is not gold standard country in all
the world to-day that tho bulk of all
he gold is not locked upin the treas
ury or in the banks, and the people
are suffering from ''sound money" as
phyxia.
Fourth-There is not silver stand
ard country in the world to-day where
there are idle deposits lying in the
banks, all the money being in active
circulation and drawing large inter
est, and the circulation per capita in
the United States of real money il
just about what it is in Mexico, near
ly all the money of ultimate REDEEM
tion being hid away in the vaults Of
the treasury and national banks.
Fifth-There is not silver stand
ard country in the world to-day
where the laborlng man is not receiv
ing full pay and more regular work
than he ever received before. There
is not gold country in the world
to-day where vast proportion of the
people are not idle, and where wag
es are above the rates of 1849, except
where they have been maintained by
the stubborn persistence of the labol
unions.
Think of the prosperity that fol
lowed this country from infancy
starting as it did in bankruptcy; anC
why was it7 The answer isplain an(
positive. We were then on bimeta
system, and silver was allowed thu
same privileges as gold when taker
to our mints. Explain the above a
you will the facts still remain as I
matter of history and are therefor'
true and indisputable.
| Now let us examine some of th'
gold standard arguments:
They say that the hard times ar,
due to public distrust, agitation o
the silver question and the law o
supply and demand.
i We will first take up public dis
trust. They claim that the moniet
men are holding on to their cast
owing to a possible change in oul
financial system, and by that admi
what we have asserted as true, tina
the finance of the United State
has been so placed, that instead 0
being utilized for the public good il
is now in the hands of few and tha
they will hold it that way or ruin tn
republic. They admit also that tn
banks control the government in
stead of the government controlling
them. And that they do, with tn
present gold standard is a fact beyon'
dispute, witnessed by the last bon,
issue and the government calling o.
the banks to keep up the gold re
serve. Yet they wish to retain it an,
make times still closer. Fiel on sue!
argument. The fact is that the pee
pie have nothing to do with it, bu
the money barons of England an
America have contracted the currer
cy so that it is nearly impossibl
for business to be carried on at all
J Public distrust! No! No! If it wa
not for the confidence and trust tina
is yet in the people times would be il
a more hazardous condition tha
they are at present.
Then the silver agitation is ais
claimed to be q cause of hard time
and the only hindrance to the re
turn of prosperity. 1t is like tn