The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1896-02-25
GoLDBUG
Hon. w. H. Kitchen Dissects the Char
Iotte Observer Pamphlet.

the Charlotte Observer, ard If IL con
tains any facts, reason, history, logic,
common sense, statistics or stern real
ity to show that a dollar now will not
buy more labor, or more commodities,
or more land, o. more mules or horses,
or more cotton, or more wheat, or more
corn, or more oats than formerly, my
mental acumen is neither sharp enough
nor strong enough to discover them.
This may be my misfortune, or it may
be the misfortune or the good fortune
of its author to so clothe his thoughts
and facts that ordinary men cannot
perceive and understand them.
If this author has anywhere shown
by facts or figures, or otherwise, that
the government has done nothing by
way of legislation or administration
to cause a decline in the price of silver,
l will venture the assertion that be is
the only individual since the day Of
Adam who has made that wonderful
discovery and had the temerity to pub
lish it to the Civil;z d world. Mr. has
he attempted to show that the free
cOineTs are not acquainted with the
history Or science of money, but upon
the contrary has clearly demonstrated
to a mathematical certainty that he IS
totally ignorant of the science of money,
CT logic, comm n sense, political econ
omy and the experience of mankind
for two thousand years.
And if his pamphlet contains any
thing but glittering ~generalGties, unco
federated facts and ball-fa :ed asser
tions and hackneyed gOldoug express
siOns, made and repeated for the pur-
pose to mislead, and d ceive, hood
wink and kidnap, with lst the sem
blance of truth enough TO gloss and
veneer.
This pamphlet saws this country ex-
ported since 1873 81. To OOG OuO (mer-
chandise, gold and sllveJ) more than it
imported, a large part Of which rep
resents values senbaway In return for
securities sent to U.s."
This wise writer further Gays that
lowing to the foregoing dlstrus5 Of the
Bland Allison and Sherman laws, il IL
estimated that nearly one thousand
mi lions of dollars of foreign loans
here were called and pay ed between
1884 and 1895 And tlen he has the
bOldness, raehness and artlessnees to
charge that the withdrawal Of this
thousand millions of dollars due our
foreign creditors u the s~hrinkage
of value in this country and that the
PopuiIst teachings are directly respon
sible for this.
If Cousin Joe Caldwell or MIR. Mer-
chant had been a clear headed thinker
or a leveI-headed Io5ician he never
would have made this argument.
Il knocks the props sky high from
under the goldbUg theory and estab
fishes beyond question the soundness
and CruEhtulne5+ of tue PJpu3ist theory.
that there IS not money enough II Cir
cula5ion to do the business of the
country, aud that the more dollars la
circulation in Comparison to the
mount CT commodities and other
properties and o~OligatI0ns to be han
died with money, the higher the price
Of the commodities and other proper
ties will be, and On the contrary, the
snailer the number of doii3 r5 IN circu-
lagIon, the lower the price of CON
modI5jes aud other property Will b..
Here is an open confession by Cousin
80
have not money enough to meet our
maturing liabilities and transact the
legitimate bI7Ip6s5 Of the country
without causing s~nrinkage in values,
staguatlon ii bus ness. and haanoial
upheavel and paLic5 throughout the
land.
Listenl Here is q goldbug writer and
political economist setCiUg himself up
ing Popuiist and silver Democrats, ad
n2lrting eud confessing ali hat either
yer claimed On the SILVER Question.
Holy Father! Ho asserts that the
payment Of this money to other coun- !
tries which our people had borro wed
ard ls5iy Owed, and lad put in circu
llClon, 50 contracted ,he currency Of
this country as to cause a panic, a !
shrinkago In valUss
Tnis is an open confession in open
court, while the sun is a. bis meTi1isn, !
that al OF 0uc troubles {. me from the !
contraction of the currency and that
the only psssiole rem :5y Is an cxpan
sion of the currency III proportion to
fhN rn-s- II = rA-r-A & L. s.,.- {