The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1896-10-16

practically controlled all the gold in
the world. The world needed Spain's
gold, and so Spain increased the ratio
between the two metals so that the
purchasers were forced topay her more
than the intrinsic worth of the gold.
Some time after, Spain's supply of gold
having decreased, Portugal discovered
gold mines, and then she did as Spain
did. In a few years Spain obtained
control of silver mines and for time
controlled the trade and lowered the
ratio so that she could receive a larger
price for her silver"
'The United States, Mexico and Cen
trsr. America control over IS per c, of the
worlds silver, and SO we can say to
England, for she wants our silver for
her small coin as does France, Ger
many and the powers, You can't get
my silver by paying 80 oz Of silver for
l OF. Of gold ,"
We hear our opponents talking Of
great flood Of silver. Why if all the
silver in the world was coined and put
into circulation into the United States
there would be only $5S per capita"
eff you had owned $100O,0O0 in 1878
and locked it in your safe you would
have had to-day money to buy l.69
times the quantity. of goods you were
able to buy in 1873, or in other words
your money would have increased with
it's relation to property, just 1853 times
in value. This increase in the value OF
your money would have been at the
expense of the prices of the necessaries
of life. Your money lying idle in your
vault would have paid you 8 per cent.
interest"
Mr.. Aycock then spoke of the scarcity
of gold notes, such as greenbacks or
Sherman notes, and gave as a reason
for the increasing of the gold reserve
Just now that the Republicans wanted
it as an argument in favor Of the pres
ent administration.
He then spoke of the argument that
silver is dishonest. ~ believe in honest
debt paying" He then used the cir
cumstance of Shakespeare's 'Shylock's'
being told that he could have the flesh
but no blood, to good advantage, say
ing, 1--WE will pay the National debt,
but not one drop Of blood"
!, ga, bonds issued say on their face
that that paper is redeelnable in coin
at the option of the United States.
Like the cotton farmer paying his
debts in the fall with either cash or
cotton. No one thought then that
he was dishonest, if when cotton was
high he paid cash or when cotton low
paid cotton. And yet when the United
States can save thousands by paying
in silver the policy of the administra.
ton is to pay gold. The right OF the
treasurer to pay these bonds in silver
was given in an act of congress in 1870
and Mckinley and Carlisle voted fol
it. ;,
} Mr. Aycock showed that all prosperity
was dependent on farmers, the crea-
tors of wealth.
, "For almost rs years there has beer
f a steady depression of prices. Now
t restore former conditions SO that
5 steady sober man can make living
f Mr. Aycock then spoke of the pleas
i ure of working not for money simply
. but for those you love. He believed
+ in amassing property legitimately. He
r wanted conditions in which homes
4 men could live and live well.
: He spoke of the despondency OF th'
0 farmer, of the young men leaving thu
e farm because of no encouragement t(
a remain. He drew pathetic picture Q
i, the father with land and a great dea
e of experience, failing, and then OF tn
, son leaving to go to the city. "Al
e wages of all people must adjust them
r selves to the condition of the farm
S He then spoke of the conductors ar
|, gument, "that if the farmers are no
: satisfied and do not get the worth Q
n their money, then some man from tn
< country will come in and offer to d'
. nv work for half of what | am doln!
it," :,
+ "The only reason that the gold dol
;. lar is worth 100 cts. is that it can b.
v coined, and the only reason that sllve
Z is not worth 100 cts. is that it can no
v be coined"
r. He then spoke of one Of the mali
# stock arguments of the gold men, tina
" of the maintaining of the parity. ii
r. fully discussed this phase of the ques