The Caucasian. (Clinton, N.C.) 188?-1913, 1896-08-27

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boo1 6roA<r wisA orAi1asy eAnkia9
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The ios@s arissng N sr9ssiasss 6aA-
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turn r~0aisa - - - sSesv yin savayS
, he dsnG~s shss. eals0 rvsssUsn.A -
sse pss,se opasias - srysi s.s<s.s.i
shcsr 40 80 . psruuSsry psu4s fcr
sh~mselsrs. In . errsAis cusdissua ny
yiesd 60 Tie ss0peastas - bstsg shsss
that cuedtsioa- Je9ssDna 49, sanapa
that one of sAe 0aia dusies cf ruspsu-
usnns b 90 psvs~os O~n fru0 iatsrsaG
ooe another md never wNA shss Duty
! Dp-e important sAaa to-day. n - "a
strange that tA0ar ~ko hsss sasde Q
prUat BY fusN1ahiAG eo,d % ~ ~.
favor . anancaAl policy wAs~A w5il
keep sAe eOs~rn1ess deyrs6ens upss
thrus. I 6elirsv. ho~~veT. that I seeok
thu srntiMrns % she vsse ma jnrisy %
! the people Of thu United States ~h<n
say that . wi~r financial policy Cd
u,inisser~d in t<half % al The peopss
would make our eOsesnmSut inAsps.-
dent OF any combination Of ananeSers.
foreign or domestic.
4 YIN ONhtkk~NNy.2
LET me say . word. nov. In reeAfd
ts certain pefsons Who are psounisssly
benefited by = gold standard and Who
favor 10, MT from = desire so trvspoD
upon the rights Of oahers. hut heuauss
OF the circumstances which surround
them. I shah ask you Ia consider he
language OF two gentlemen Whose long
ipublic service and high standing In the
party To which they belong will pro-
81. - n
our opponents. In IsG9 Senator Sher-
man said. The contraction OF the
currency Is n far more distressing
operation than ScnatoN suppo~r. Our
own and other nations have zone
through the OPERATION k~forr- L. h
; not possible TO take that voyage with
out sorest distress To every pcrvon.
except n capitalist out Of d.bt or .
salaried officer or annuitant. 10 In .
period Of loss, danger. las~itudc of
trade. fall of wages. suspension Of en-
terprise, bankruptcy and disaster. II
mrans ruin to all dealers who~c debis
are twice their business capital. though
one-thiri less than their actual Prop
erty. 1t means the fall Of all agricui.
tural production without any great
reduction Of taxes. What prudent man
would dare 10 build . house. . rail-
road, factory or n barn with this Ger
tain fact before himT
las I have said before, the salari~d
officer referred 10 must lie the man
whose salary is fixed for life. and NOT
the man whose salary depends upon
business conditions
when Mr.. Sherman describes con-
traction Of the currency ms disastrous
TO all the people except the capitalist,
those out of debt, and those who stand
in a position similar to him. he is stat
ing a truth. which must he apparent 10
every person who will give the matter
careful consideration. Nr. Sherman
was at that time speaking of the con
traction of the volume of paper cur
rency. But the principle which he SCI
forth applies, IL there is a contrac
ton of the volume of the standard
money of the world.
Mr.. Blaine discussed the same prin.
ciple in connection with the dcmoncti.
zation of silver. Speaking in the Houss
of Representatives on the 9Th of Feb.
1873. he said: i believe the struggle
now going on in this country and Other
countries for a single gold STANDARD
would,if succeseful.prsduce widespread
disaster in and throughout the com
mercial world. The destruction Of sil
YER as money and the establishing o
gold as the sole unit Of value mus
go property, except those invested, whicl
yield fixed return in money
These would be enormously enhances
in value, and would gain q disprcpoI
tionate and unfair advantage over e,
cry other species Of property"
PROSPERITY OF THE MASSES.
lis il strange that the holders @
investments which yield a fixed n
turn in money can regard the des
truction of silver with complacency
May we not expect the holders {
other forms Of property to protes
against giving to money n 'dispropol
tionate and unfair advantage owe
every other species Of property
the relatively few whose wealth col
sSts largely Of fixed investments ha,
ave a right to use the ballot TO enhans
ust the value of their Investments, ha,
not the rest of the people the rigl
de- to use the ballot TO protect themselvs
md from the disastrous consequences .
the a rising standard? =
ell THE people who must purcha,
money with the products of toll star
ries i'm a position entirely different fro
nst, the position of those who own mo,s
the or receive q fixed income. The well-h
tax ing of the nation--aye. of civiiizatfoni
Icy self-depends upon the prosperity
test the masses. What shall IL profit
tax man 10 nave a dollar which gro,
more valuable every day IL such
the dollar lowers the standard Of civiliz
the ton and brings distress to the peopl
10y What shall it profit us il, in trying
rity raise our credit by increasing the pr
chasing power Of our dollar. we destr'
the our ability TO pay the debts alrea,
all contracted by lowering the PURCHASE
lime power of the products with viii
rson those debts must be paid? IL il
pies asserted, as it constantly is assertI
that the gold standard will enable
at it to borrow money from abroad. ] rel
sral- that the restoration of bi-metalIii
arm will restore the parity between mon
.rty. and property, and thus permit an
any of prosperity which will enable {
come American people 10 become loaners
ollar money instead of perpetual borrowe
must Even il we desire to borrow, how 10
mot can we continue borrowing under