The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1896-09-04
THE GRIP OF GOLD.
HOW THE INDEPENDENT COINAGE or
SrvER WOULD BENEFIT THE
UNITED STATES.

Il
readers the New Orleans Times Dems
ocrat republishcs the following cdito-
rial utteranccs OF the London Finans
cial News OF March 10, 1885,
''The financial situation in the
United States IS very serious. The
Senate has blocked all relief measures
proposed by President Cleveland, and
Congress is at dead standstill on the
money question. The free coinage
Senators are masters OF the situation,
The condition OF affairs In the
United States Congress demands the
immediate attention of British hnan-
cicrs and statesmen. The trade Of
the world is now in our hands, but it
will not long remain there II the
United States goes to a bimctallic
basis with free and unlimited coinage
OF silver.
"Witll the addition of silver to tic
volume OF money, everything in
America would take ON a new face;
labor and industry would gain new
life. The grip of the gold standard
on the products OF the world would
be loosened. and prices would rise.
Great Britain would lose her markets
in South America, Asia and Europe,
and American ships would not be long
in capturing the carrying trade Of the
world.
"British creditors must. now Apply
themselves quickly to the American
money problem. The sound money
men and banking interests, led by
Senator Sherman, Cleveland and Carr
lisle, with a plentiful supply Of means,
have been beaten. Tile American
people are now thoroughly aroused
and educated on the power and use
of money, and made desperate by
debt and business depression, they
are forcing free silver as the main
issue.
Great Britain need fear no injury
to her trade or investment il the Re-
publican party can force protection
tariff as the main issue in the prcsi.
Dental campaign, but If free silver
dominates the American mind and
carries at the polls, 1t will bring about
a change in England that will be ruin.
Gus from its suddenness and severity.
The damage that can be done British
manufacturers by protective tariff
is Slight compared with the disasters
that would be entailcd by change
from gold to complete bimetallic
standard.
lit is evident that the Democratic
party will not rcnominate a man who
holds to President Cleveland's ideas
on money, and the only hope for d
continuation OF Mr.. Clcveland's flnan.
cial policy will be in in the success of
the Republicans in the next election.
"The success of free coinage will
bring down the rate OF interest On
money, and cause an immediate rise
in the price OF all commodities.
When silver becomes primary money
the American mines will pour their
products into the mints, and q new
era similar to that produced by the
issue Of greenbacks during the civil
war will begin. Gold will leave the
banks and enter into competition with
silver in the avenues of trade, and the
manufactures Of the United States,
which have been shut down or crippled
since 1892, will again resume their
fight for the English markets.
ut is doubtful whether the Repub-
ican party can be held much longer
In check by sound money statesmen,
as its adhcrents are divided by power.
: full factions. The Democratic party
Is also breaking up under the weight
Of the free silver agitation. 1t mat.
ters not to Great Britain which party
succeeds II the gold standard is main.
taincd, but either OF the old parties
= ora new wpirty which goes into power
'" pledged to free coinage will DC In
" :, inlical and prejudicial to English man
" ufactOries and trade.
= "The American people cling with
/" wonderful tenacity to party organiza
= tiOns, but financial embarrassment
= and business stagnati0n has become
: too severe for their patience, and they
!, are ready for any change their promi
"" " scs relief. They are becoming con
= vinced that II cannot be foaud In the
. protection theory, as that has beer
: tried, and they are massing now OF
y free silver. When that issue come.
:. . fairly before the American pe0pl,
England will regret her apathy ant
= adherence to the single gold standard
y - - -
&c The beauty and the chlvalry q
Ogdcnsburg, Sullivan county, N. Y
had determined to gu riding on ha
d wagon, loaded with new-mown ha,
c. The beaux helped the bellies to I'll
h, wagon, the horn blew and the drive
r, cracked hls whip. The joltIng wol
o. up a nest Of hornets that had got int
in the hay. Beauty and chiyalry wei
scattered along the road for half
mile. The faces Of the victims lot
N. like half moons now.