Pine Bluff daily graphic., 1896-04-19

credit and while he may be subjected to much loss and inconvenience, neither he nor his family will be pinched by hunger, CT compelled to go without raiment or shelter 1t is the poor man and the man of moderate means, the man who has not been fortunate enough to accumulate prop. erty or money, but who depends upon bis wages or upon the products of his own labor for the means of supporting himse'f and his family, that always feels the first and most disastrous effects of a business or industrial depression, no matter wheth- CT it results from deprecated and fluctu- Rting currency or from other causes. Such q man has nothing to dispose of but his labor, and nothing with which to support himself or his family but his wages or the proceeds of his owE labor, and ans- policy that even temporarily suspends or obstructs the industrial progress of the country. by diminishing the demand for the products of labor, or by impaifing the capacity or disposition of capital to employ labor, must be injurious to his interests and infiict more or less suffering upon all who are dependent upon him. Labor can not be hearded: the idle day is gone for ever; lost wages are never reimbursed: and therefore steady employment and good pay in good money are essential to the comfort and happiness of the American laborer and his wife and children, ano he will be unfaithful to himself and to ! them if he does not insist upon the ador- tion and maintenance of such a policy as will most certainly preserve the value and stability of all our currency and pro- mote the regular and profitable conduct of all our industrial enterprises, He can not prosper when the country is in distress, when it's industries are prostrated, it's com Inerce paralyzed its credit broken dowr. or its social order disturbed nor can he prosper when the fluctuations of the cur rency are such that he cannot certainly know the value of the dollar in which his wages are paid, or estimate in advance the cost of the necessaries of life.
 Result of Sixteen to One Ratio.
 Whether we shall or shall not have a long period of financial. commercial and in- 1ustrial disturbance in this country, and whether labor shall be deprived of perma- nent employment, or be partially employed and inadequately paid are questions di- rectly and necessarily involved in the de- mand now seriously made by many of our fellow-eitizens, that the United States, without the cooperation of any other gov ernment in the world, and in opposition to the established policy of every other great civilized and commercial nation, shall au- thorize the free and unlimited coinage of full legal tender silver at the ratio of sixteen to one, notwithstanding the true market ratio between the two metals is about thirty-one to one; or, in other words. that the United States alone shall declare by law that sixteen ounces of silver are. equal in value. to one ounce of gold, when 1t is an undis- putable fact everywhere recognized that in all the markets of the world. in silver standard countries as well as in gold stand ard countries, sixteen ounces of silver are worth only about one-half as much as one ounce of gold and will purchase only about one-half as much of the recessaries of life: The naked proposition is that the United States shall coin. at the public expense for the exclusive benefit of the the bullion, all the silver that may be presented at the nlints into dollars containing Slll4 grains of pure silver, or 4121k grains of standard silver, worth intrin- .sically about 51 or 52 cents, deliver the coins to the depositors of the bullion and com pei all tie other people in the country to receive these coins at a valuation of 100 cents each in payment of debts due them for property sold. for labor and service of all kinds. for pensions to soldiers and sail iors and their widows and children, for losses sustained under policies issued by life and other insurance companies, for de- posts in savings banks, trust companies, i6uj1dtng associations and other institu- :1tons. for debts dne to widows and orphans by guardians. executors and administrators