Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1896-08-20
eor-areaset 70 tnoss ~es Great. ire RAJ
tton's wealth

eon-ase-aset 70 tsoss ~ss GREAT. ths na-
ffon's wealth
Rataoas to aereh.nts .aa M..uf.eturer>-
~ *. ,aersss 80 eny ~ sss''ses =, 70
order to show .aat a gold standard is ruin
c1s 10 merchants aEd Manufacturer SAL
p@nt upon business Conditions ard ths
gold standard both lessons the amount
anf threatens permanency CO such sal-
AREA
D&ng.rees for otherN
Our epponents have made Q special -
peal 70 those who hold IRE and life fnsur-
aass policies. but these policy h0ifs-s
exceed the totaIio paid. arising STANDARD
must Be OF more benefit 10 the coupzrtes
NJ Msca soiIeiSrts la teen expressed ~
our opporerts for the eepostrors IN savings
banks They constantly parade before
these d-posttors the atvantax@s % {. gold
standard. but these appeals Will hs IN win
because savings bank 4spost,ors know that
under a gold standard Tiers Is fzcr-astus
danger that they will lose their deposits -
causs % the inability Of the hsn<s to collert
theft assst=. and they SIN further k1sow
tsffrftely. they may be compelled 70 ~ish-
draw their deposits In order TO pay uvlag
sKp~ns=s
fho~@ who hold as a permanent luvr---
meat. the stock q railroads or other eu-
tsrrrtHes-t do not include thcs@ who srec-
u-~as q obtaining al inside aivAnta<~ tn
construction contracts-sre injured b.
xola standard The rtstng callAr destroTI
without r~aucfnx their liabilities. arb as
eivitent- cannot Be paid urril salaries and
stockholders uas.st bear the burden q hard
times
receive their support rom the procsctrz
classes. ard can only eaioy prosperity when
there - Prosperity among those Who ere
M Bryan said that the assertion Of ths
opposition that bank belongs 10 N.
debtor class : not true er any solvent
bank. Every statement published BY q
solvent hank shows that the assets ex-
coed the liabilities. ard. be continued. Ehsr
dollar Is rising IL value Slowly hana
may. by making shcrt-tirre loans and tax
Ing good security. avoid Lose but. wher
prices are falling rapidly, the bank Is apt
70 lose more because Of bad debts than q I
power Of its capital and surplus
Beasr~i~rses OF . Gold standard
Passing briefly over this point. sfr Bryan
said Let me say word now IN regzr1 .
snted b a gaia standard and who favor Il. 4
not from desire 20 trsspass upon IRE 4
rights OF others. but because the ci-s1r--
to the eject Of the geld staztart upor /
others ] shall AK you 10 consider the I
language Of two gentleEzsr whose Ions l
party TO which they beloss sal protes.s 4
them from adverse criticism By our op-
Il must be admitted. toweT.r that sor-r.
bankers combine the business Of a bcrd 4
broker with the ordinary banking business.
and these may make enough n the regorix-
tton OF loans 10 offset the losses arising in 4
legitimate banking business AZ long az
human nature remains As I, Is. there VII 4
always BE- danger that. unless restrained /
~ the public opinion or legal enactment 4
hose Who see pecuriary PROFIT for them 1
selves In a certain condition nay Weld 20 Y
The temptation to bring about that cor1ti- I
ton jefferson has stated that one Of the Il
main duties OF government 10 to prevent 4
men rom t1furtnx one another, and never /
Vas that duty more important than IL "a /
to-day II Is not strange that thos@ who I
have u1Rte a profit bv Furnishing zut 10 i
the government In the hour OF its extr.r1s- Il
Y favor . financial policy which will keep /
the government dependent upon them I
ment OF the vast majority u the people o. |
the United States when I say that a wise
nnancial policy administered IN behalf OF 1
al the peop,s would make our government |
independent Of any combination Of IMAM
cier>. foreign or domestic
Whar sherHaa saiA
Tie contraction Of the currency 4. a far
suppose- Our o. 4 All other nations havs
J. ROT pozs'sls TO Jake has Toy.s. stsaoat
cegt CAPITALIST cut OF debt. Or a saIsrte,. /
9r-cer or annuitant. Y - 4 P~-ios. CT loss. !
-yESp~ns-ou OF enterprise. Bankruptcy ard |
tt-Asfer- IL means ruin 20 AL teal>rs whose |
cents are f=tee their business capital, |
Though ore-thir1 less than their actual {
property II means tire fall Of all axrfcuI- {
t1Ir2l p-pft1etaon without any great rpstuc- {
| are % hHilt a hs1s-. = r1al-osa- : .srforv
q a n1rz ~tta this certain fact before
Mr Rryar continued Al hav. sail
hesor~. TIE sal1rt-t scac-r referred 10 r-rtss<
Be th@ nan whose salary = rrsd for Ire
| ura1 business cozdftionsl wh@n Nr sSe--
nan describes ccrtrarttor 60 Tire curreu~v
as-9.s74., 5-a. - 20 ~ ,se I.Sgss .rssps -.
/ 4 position similar 20 his. h IS stztfrSa
ruth which must Be arp2rent 20 every per
| On who WI =ive the matter careful con-
Iteration Mr- Sherman vas az that time
| leaking o. Tire contraction Of THE xol-
| me OF paper currency. b'lt the principle
which p set fs-th applies. Z there = a
eoatraetien o. the veIEzs Of standard
BIAla.'s View
| afr- Blaine discussed the sane principle
| n connection with the e.sraC tEzatton OF f
| silver Speaking IN the house Of represent
| attv-< on the Tth Of February. IS-S. he said.
| 1 believe the struggle now going on IN tn.
| country and other countries for .inssle
| zotsl standard would II successful. produce
Widespread disaster IN and throughout the
/ commercial world The destruction % sill
ver As money; and the establishing OF gold
[ - the sole unit Of value must have ruin
/ 1ls e1ec, en- All forms Of property. except
| those invested which Yield fixed return
| n money These would be Enormously en-
i 1arcrd IN value ard would gain . diSr-o-
Portienate AID unfair advantage over
every other species OF property
Is Il strange that the Holders cf invest
i r1erts which yield fixed return m money
| can regard The destruction CT silver With
srs Of oshsr forms Of propcrty 20 S pro..-t
/ against gfvizg 20 money a -dtSpropo-sion-
ate AID anfatr atvantAs. over every other
| whose wealth consists largely IN axs,I in
| vestmerts have right 10 use the ballot TO
have not Tire rest OF the 7eopls tn 20, 10
| Use the ballot to protect themselves from,
the etsasrrous consequences OF a rfsinx
| standard
Dollars That Grosr Not wanted
What shah IL profit Is to have a dos.ar
which grows more valuable every day II
such a acllAr lowers thu standard Of CIV
| What shall Il prodt "a r. IN trying 10 raIse
| our credit b. Increasing tE@ Eurrr asirr
power q ore collar. Ne destroy our ability
| 10 ray the debts alr-1stv contracts. BY low
eri1s tbs purchasing power Of the prod
Eers with which these debts must u pa.1r
WIN No Lsax~r Re Borrower~
" q Is asserted. as tt constantly Is as
serted. that the gold standard viii enable
- 70 borrow more money from abroad I
reply tsat the restoration cr birneIzllIsrs
property and thu. permit an sr. 81 Pres
| perfsy " hich VII enable the American Eco
% perpetual Borrowers.
| What Free Collage neanA
As against the maintenance or a GOLD
standard. either permanently or urtfI o-he-
nations can be gnftes. for tts oyersnrox
the Snicago platform presents q clear and
eznrnstta demand FOR the ir-zn~t4Iate
restoration Of the free and unlimited coI--
@ss OF silver AMI gusd a. the present legal
ratio OF stxtsen 10 one. without waftsrE
Tor ths AID or consent Of any other natior
We are not asking that a new exp@-fruerf
% ufsc. ue are Insisting apon a return
10 financial policy approved By the *
persrcs OF history and supported By al
shs prominent statesmen 81 our -atson
from the dAys OF the first president cczr
to ls71
( When ne AK that our ntntE h< opened 70
ths free and unlimited coinage Of silver
Into f1l legal tender money We are simply
asking that the same Eins priVlI.xss De sG.-
corded 70 silver that ara roW accorded %
gold When ne ask that this ccfrax. be
AZ ire ratio OF sixteen 10 one simply
ask that our gold cetlx and the standard
silver doIiaE-wetch. be u remembered
contains the sane amount Of purs silver
the first silver oailAr coined az our
Enfnts-retaln their pr~sent weight and
aneness
Tho theoretfcal advantage OF the BIZ
rl@tAlltc system - best stated BY a Euro
pSAR writer On political economy Who