Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-08-21
"souN6 MONEY"
some Pertinent rS'a,s q. to wha, cor.,i.
tutes IL.


tUtes IL.
IL the howlers for sound money were
called To define Just what they mean
ny the term SO fiippantly used they
would Toe cornered To tho pitiahle
plight of figurating in generali,ies. OF
coming squarely down to the notch oi
only gold" This is the Wall stree.
demand
So1ndness only has reference TO per
manency and stability, and the silver
dollar is just as sound as the gold dol.
lar when unbiased by Legislative pro.
lection or prejudice.
The proposition may be laid down
that any money is sound which has n
liked value and is not liable to disturb
ing fluctuations, whatever may be its
unit basis The scarcity Of gold gives
II one value. Legal protection gives /,
another The same law of supply and
RECOGNITION gives silver its value.
The difference is in the fixed esti.
mates OF two fixed quantities With.
out loyal restraint tho value of an
ounce of gold would be liable to as
nuch variation as that OF an ounce OF
silver, measured from some other fixed
qS~ity that might exist as IA medium
or exchange. The distinction OF quan-
tative valuo has no bearing. IL does
not matter even II 30 parts OF silvor nro
only equal 70 one part of gold, so that
the value is reliable and permanent.
The question of soundness only relates
TO pcrmanency.
The Times Advertiser is opposed to IA
goio oasis because, as metal, IL In
most largely mined and owned and
rated by government that has
reached its full measure of develop-
ment; is our only Immediate competi-
Tor In general manufactures; is our
rival in all finished products, and our
superior in every instance, IL allowed
to dictate our economic policies.
AS an open and honest confession
the Timcs-Advertiscr favors bimctnl.
lism because IL will reduce tho unit of
value. AS relates 20 present creditors.
IL wants 5O-cent dollar; or. Us hon
estly stated, IA dollar that IL not so au-
tocrattc as TO only seek homo with
crowned heads and massive vaults.
that does not destroy the value OF cv-
erything else except the dollar
IL believes that plan OF legislation,
whether state, national or iuterna-
uonal, that creates a distinction OF 90
per cent In the favor OF the mnn who
has seltishly and cownrdly boarded his
dollars as against the man who has
patriotically invested hls money In
productive property and labor-supply-
ing enterprises, is UNANIMOUSLY design
ing In its perfidy of purpose TO destroy
the weak and rob the helpless
There il DO need TO 90 into the
shoddy consecrated vaults of Wall
street TO study the financial question.
When the system is wrong. the ebbing
pulse of trade and industry and the
horde of idlencss tell the story.
When property ceases To have "A sell
ing value and no investment can be re-
lied upon To sustain credit, Il is be-
cause money has been given n fictitious
value, and the owners believe that by
holding it they can luy still more
property rs the greater distress pre-
tails
When real estate will not bring its
price of taXntion aud costs at the
eourthotise door people should be i'm
pressed with the fact that complete
Capitalization Is near NJ hand. And
the silver dollar Is the only means OF
staying the calamity. - Brunswick,
tGa-) Times-Advertiser