Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-08-26

I. rSi9sy notes. ect Jul, H. 1890. Si,e5sis %
Curry certrs, act Junc 1872 III Ky . Ss 90 90
National bank notes.......-. 10 SIS 90. ~
go -"''. 1854 5i3. eS, o.
All these Z, rms OF money have been mat
tanned by the government at par with gold
ana they travel the circle OF the world
without diminution OF thcir purchasint.
power. Though silver bullion has fallen
70 nearly cne-holf its former value vet
we have used IL and maintained silver coin
I.l'tae rom II at parity with gold at the
ratio OF 70 to l.
But now we are brought face TO face with
proposition which n agreed to viii make
SILVER the sole standard OF value for all
uents ana credits. for the wages OF labor
ana the purchase and sale of propertv
me democratic party at It's recent conven-
non al chicago adopted a resolution in
IoNor OF the free coinage OF silver nj tho
ratio or 10 parts OF silver to I of gold
we know that I'm the United States and
IN All countries IN the world 80 ounces or
more or silver can be purchased by ono
ounce OF gold. With the free coinage OF sr-
yer gold VIII be demonetized. Nothing can
ne more certain that the cheaper money
only VIII circulate. The United States has
tnuS iar maintained it's silver coins "a
parity with gold coins only by its exclusive
monopoly OF coinage and by limiting the
amount but with free coinage Of silver
there could be no limitation. Silver bull
non IN every form win be pressed upon the
nints' and with the mandatory duty of
free coinage silver dollars will soon an
the channels OF circulation and the gold
collar VIII be boarded or will be quoted and
sold az commodity at about les cents 90
the silver coin. Silver will stand as the
par of value and gold will be quoted at it's
commercial value
Let us contemplate for awhile the In
eVitahle result of the free coinage OF silver.
even II i repeat what l say. 1t would vio-
tate every contract for the pavnont ~
money made since January /. 1879 The re-
sumption act which went into opero tioo
on that day provided for the payment I'm
coin on demand of all United States notes
presented for redemption. All forms OF
money, whether OF silver. or gold or paDcr
were then maintained at par with each
other and have been so maintained ever
since. During all this period gold and silver
COINS at par with each other have been
the standards OF value OF all loans con-
tracts or purchases. and the faith OF the
United states was pledged for their main
tenance at parity with each other. Al
thouSh silver bullion declined in market
value, the coins made from IL have becn
Kept at par with gold coins Mt the legal
ratio OF 10 to l. But IL the free coinage of
sllNcr IL authorized. then the market value
OF S!lNer bullion becomes the standard for
payments on all contracts made I'm the mast
the present or the future: 4l2IA grains of
standard silver bullion worth nov, q cents
can with free coinage he coined into a dol
tar upon the demand Of any holder of sucb
bullion. This dollar is delivered to the
owner OF the bullion. and is not supported
ny the nat OF the government The gov
eminent does not undertake to maintain
IT'S relative value with gold. The trOverr.
ment stamps IL: This is a dollar Its
pHrchasinS power is 80 cents but its debt
paying power is one dollar 1t is to be a
regal tender for one dollar of debt but I'm
the purchase of any article il is only worth
% cents, for the seller Of the article can fin
his price according to the kind of money or
Tered 1t is the doctrine of the poutIlist nd
inc anarchist but is IN direct opp0sition
70 the traditional policy OF Thomas JEFF
'erSoh' Andrew Jackson and the demo-
cratic party.
When we contemplate the great amount
VI u"p' ana credit that is unavoidable I'm
vast nut new country like ours we nat
urally shrink from any measure that yriIi
'ltner rob the lender or do Injustice 10 tho
borrower IT Is impossible to estimate
the wrong and injustice that will be done
20 creditors by the sealing of nearly one
hiil OF debts due them. The very threat
to DO IL viii lead to the prompt and harsh
collection of debts before free coinage can
hecofne law. / am advised that already
uebts that would have remained uncalIed
Iur nave, in fear of such law been en-
Iorced. II is certain that before a free
coinage bill can become a law the wide dis
trust caused by the pending of such meas
ure VIII lead 90 the rapid collection of debts.
.ns SaCrlhce OF property and deepen ex-
sung financial difficulties growing out OF
insufficient revenues for the national as
wei! as Tor many state governments
IL Is sometimes said of creditors that
'hey are bloodthirsty Shylocks, aristo-
vrats' hioodsuckcrs, eXtortionists 1t may
be said that there are among ronrv
renders some men who merit these epi-
thets. but the great body of the cred
ttoIS OF our country are among the thrifty
INDUSTRIOUS and intelligent men and women
of every community One great body, %
creditors here are the $40 900 union soldiers
their widows and orphans who are cred
ltors OF the United States to the amount OF
over 100000 a year for services and
sacrifices in the union army II wouId he
an act OF perfidy and meaaness beyond ex-
preston for this great country to nav them
with money OF less purchasing power than
gold coin merely because the oycrnroduc-
ton OF silver in the United States has re-
duced the market value of silver bullion
contained in a silver dollar To take adj
vantage OF this decline in order to reduce
the value Of the pittance of these nen-
sioners is worse than to rob the graves OF
the dead
There is another class of creditors that
the free coinage of silver will greatly in
jure. 1t IL the depositors I'm sayings in
sHtutions and kindred organizations. who
according to official statistics. number
nearly 100000 people. and whose de-
posits amount to more than ST. 500 900 900
VIII you cheat them by reducing the value
ana purchasing power OF the dollars they
have deposited?
Free coinage will also wipe out nearly
ons-half Of the value OF life Insurance
which provident people of the United States
nave paid to secure in case Of their death
Some support and protection to wife and
cfildren. II Will affect injuriously the
multitude Of clerks and employees who de-
peLd upon monthly pay and will reduce
'Ht purchasing power OF all salaries Of
officers and employees in the public service
OF the United States ard Of every state
county. city or township Ia this broad land !
Tut boy far the greatest injury resulting
from the free COINAGE Of silver viii fan
upon Wsrfirgmcn Their wages are nov,
"'A'd uHon money Of the HIGHEST yaI5a
upon gold coin Of standard value finder
iItr coinage OF silver the value az tH.
silver dollar will fan 90 52 cents I'm gold /
or as have already said. Theron cents
on %. gold dollar VIII bo worth i.l cents of |
LH. riit'I dollar With free Coiuugc OF si,- |
.'i every "oINirgman can ANA ought 10 |
V' ...a. enough silver Tor Dds dluv wages /
20 .. equal Zoo the purchasing rog.sr of |
''- present wages FOO gold Tn. sfr,tyr,s /
cen ".rkiugmuu and ,ugio,.r ,yUi /
'''h C. mW.u nee. ana uo ON. know. hotter
.I.' 'n" wor';nrma. how diff .I.It Do De- o., /
-'t 'h t4F'uce or pay we h, se efr.ies /
..hI STRIFE enough uoH. when tho ,ga,t. |
gets ibis pay .a Rold coin or if. /
i'..I.hi, 'It what uIlI be th. ,0rGitfD. 1
'..i. Hn Or paid Iu rIU.rer money or tf. /
'i'.' nominal amount .ut Of I.e- ,.,,
'.'i-.hE p'"ert Every eautmsnf of ,.,.
eco VIII Doc ON tho side of tho ,.grf.frr,,,,,, /
.i- struggle for good money or I.I.g..os,J /
N@-t' d" cheap money OF aiI tho oyug
'I'I " government can iunict. none can