Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1896-08-20

rws. 80
,aisprsr,--ric,,.,. -, So i,..l...' :
over eycrv otl,=- spc,scs 80 ,,rr,,..r,,.s,, Is
the relatively f.svv y,hos.. ,-I.aI,S ,s,,,.t..'.
LARGELY in fixr,. Investments is,x,. a ,,s,b,
TO use the ballot To srba,c, .bs xe.l,,.s 80
their Investments. have rat tl,e. r,.s,. cf tl,e
peopIe the right to use tHc halIo. ., ~
te~t themselves fr,r, 49,. .gts.ss,,,,,, -,
aueuces Of n risip., s.ardar,Is TSe ,,o,,,,,,,
who must purchase ,uor,,y v-i.h ,i,r 80
uctS ~ toll stand In I, r,,,Si.ior, ,,,IrI,. lif
ferent from the ncsition of ,hos,. ,vbo o,,,,
money or receive a flxed tneo,,.a m, I'll
Being of the natinn-aye. sf cixiliz,t,s,, a.
seif-depenIis upon tie prosr.eritv of the
masses What shall il v.rx,:it US 4, have a
dollar which grows more xaisable every
<say e sneh a fcliar laszers hss STANDARD, ~
xlxlIizaTfsn ard tTinN8 Dis u Shc 1,eo.
lz1x zAzk }t 7x<za< ii X Id <fxi a.
tIzz<< 14z <1ElF H. W xlz4 7I1 M
tfzS f9xftsN 81 AnzfS AIzHr 80 saN&z NV <35fr
ability to pay the debts already contracted
ly lowering the purchasing power OF tho
products with which those debts must be
paidg If it Is asserted, as it constantly Is
asserted, that the gold standard will en-
able us to borrow moro money from abroad
reply that the restoration Of bimctallisr,,
will restore the rarity bctyycsn money ard
perity which will enable the American
pcoplc to become loancrs Of money instead
of perretual borrowers. Even II we desire
10 borrow how i,.au can wa coutipuc bo-
rowing under n sy.tcrY, which Iv Io,rer-
ing the value of urouerty. wsoters the
foundation upon which credit restss
Even the holders Of fixed Investments
though they gain an advantage from The
apureciation of the dollar. certainly SEQ the
injustice OF tho legislation which yives
them this ADVANTAGE oyar those who's in
comes drnerd uron th,, yaf,,c ~ ,ro,ar,,.
and nrodncts If Tho hc,.Iars ~ iIxrd II.
vesrments will NOT Listen 20 ar,,,,,.,r,,,s
based uf,or Justice and eruitv p,
them TO consider the interests Of D. X
We do not live for ourselves alone 1tr- n,
nor. our self denial ard ot,r anxious c,r,
al ,bc.c a., fg,. ,I,,sn 80 e., -, 80,
er usas much rs for or,rg,,yrs int We can.
NOT protect our children i.-~or,d the ,1criod
Of our lives Let those who are now re,n.
ing advantage from a ,,iriaus financial sys
tenn remember that I'm the wears In como
their own children ana their cbildrep's
children may. through the operation of
inns sinle s!s'eE'' &c ii'tUc 10 pay 'ilou.e
70 'Ne W ''o''i''7 '""se WI" are
ioNs'u 'oN"'.
"e,'4''sC '''' "''''''''i.,''i'' % Eoiu
sl'lliualu' ei'I.', Fvl i,'','.lly o' "Hli o'"'
:, Ha,i.''s S'I 20 "'Il'' i'' Us "'tr'Iro"
e.Io ~ d gi'"l anu
1ot ,''o I'A'e rs
"a ~ - az" Ii'''ii.'," ',ii'' e
an, -. "' ''iT P'Ss' iSbH' I1'''
u 10 u "''HDu' N"'l'i.E ioi IN, inc aiu or
oo,iseiIt pI '''s o'l--' i.'..'. NC "I' ED1 m
&c :. m - 20 'Ile~
P-N "iptD'e" ip-S - = - 80 Va M
sta,cs,,,a,, 30 80. ID, f,,,,,, j..
80 .,.a+ ..,.,,s;.,,,,,, -, go WI. -,
- tha. r,,, - ,,,,o,,o5 e, .s.' e.,
- - ,,s. = - - -. - -,
80 -
-. 81, -, -. ~ -
=, tt, -. ,'l-,,,I ~
WI. 80. -. -. -. - -
.Hs,c ", - - ~
-, - -S,.- -
,rbjoh ~, :, r..,,,',,,I,,., ,.,.,,,.,t,,s ,ho
2,,,,,,t - -, d. -,
- :. = -. - :, - -
,oi.'.- ,. '''''''' '''''i
'heoTy Oh D'ine'AiAsrh'
The theoretical advantages Of the bimetal-
lie system l. best stated by European
writer on nolitical economy who suggests
the following illustration. 4 river fed
from two sources is more uniform in vol
ume than a river fed from one source, the
reason being that when one of the feeders
Is swollen the other ,.:.y Ec low. whereas
n river which has but one feeder must rise
or fall with that feeder. So I'm the case of
bimetallism. The volume of metallic mon
ev receives cont, if,I;tioDs from both IN.
gold mines and tho silyer mines and
therefore varies less and the dollar rr.t
ing ,DoD tyvo r,,otals - less cbopyeablc T.,
Ire p,,rcb,si,,,, ,,o,.,or .:,., tho doIior,,hicr
rests ON one metal only
If ,bcrc arc tyvo binds cf money tho m
,ion ,uust rc=- eithnr with tbc d.b,or Gr
with tbc cr,ditor A-su,ni,,r, ,Lot ,be,r
ric,i,s or,. .,,,,.,, az, -. 1T =. o., &,
terests of socic,y. II, ,,aT.s,.., l., I.-.- o., Jo
ter,ninc 10 which sid. the oution should La
0iven Under rho Iipctoliic system ,,oId
and sglvcr nrr linkcd togetbcr Lv lo,, n. &,
Hx.5 r,,jo an, s,y ,.rs,,, ,r ,,orsor.
o,,,,,irc, a,,,, G,,or,,,,, 20 ,i,hor 81 CO..,
-, T. -, .,,..,.,..,1 80, Ell -
tender n,onoy II tbc crcdi,or has ,ba ri,,Lt
=, - ~, ,,,,,ai q, III -,
III, - -, :. a. .--..II- -.
e.. - ,,.,,, ,,I,,,,,, 80 49,. .. 'l..,.
~, daorn - 20 ,,,or
1ier-ar,oa -, -, iii, - "a
.ho ,-,a,aS MT -. ,,,.,,I ,-,..,,,I q,
the deerer metal viii rnake that metal
dearer s,Iu yrhIIe tI,, ,lecr.ase,, demand
to~th,, ch[a,,,,. ,,,.,.i ,,;II ,,.La ,Io,
cha.,rnr s,iil ~ -, .ho ,.ha. ha,,d ,bo
deh,or erercIses the or,,Ior a g. rcasonable
20 suppose that he win raw I'm the cheaper
metal il one metal Is r.zrceptibIy cheaper
than the other, but the demand thus Great.
ed for the chea,,sr metal will raise its
urice. while the lessersa demand for the
dearer metal will lower - price. In other
words. when the creditor has the option.