The news and herald. (Winnsboro, S.C.) 1877-1900, 1896-08-04
FREE SILVER SPEECH.
The Substance of What Hon. Stanyon
Wilson SaTd.

tREE Sli-N Elk NEE
The Substance of What Hon. Stanyon
Wilson SaEd.
He avai!ed himself Of the assembling
on the 25. of repre- sentative Demo-
Gratis Of Fairfield County to discuss
with them national issues in which
they were deeply concerned.
In his service as tSeir Representa-.
tive i'll Congress he had become more
deeply imp, e>scd than ever with the
wrongs and Injustice under which our
people have for lorg years been
laboring, due entirely to laws which
have been enacted for The benefit OF
the few and by which the great masses
must correspondirgiv >ufer. While
this section oftbe. country is The most
favored in the Union, everything
considered: its clira:e, scii, health
fitness, resources and population;
and under equal and ;ust laws would
be the most prosperous; it has had to
Struggle and IS now Struggling 4ndeE--
the heavy weight Of our national laws,
paying tribute directly and indirectly
in all manner Of ways TO Europe and
70 the favored classes of this country;
so that he is considered s we'll 10 GO
citiz.n now who can support bls
family, meet the interest upon hi
debts and not get behind With the
world. The old road to prosperity
has been blocked by these laws r.
dustry and tiirls: a:e robbed Ct ;heir
Just fruits by tine opera; o" ~ laws
which have been enacted w!.bin the
past So years. The only thing need
ful to us is The repeal of those s:afutes:
TO be placed on an 'qnal footing with
all other ,cit.z- H. aud classes of the
country. 'Eere;i - the word for
our pesple.
lie then took up t''' various laws
that have been pa<>,u since 1861,
during the Republican administration,
and discussed them in ,her bearings
in producing these results: The
Legal Tender Act of 1862, with the
exception clause III favor OF the
bankers; the Resumption Acts OF
1860 and 1866, under which one half
OF the paper money of the country
was destroyed; thu Tariff Act; the
National Bank Act; the Acts granting
70 The Pacific Railroad 743 mil lon
acres Of public lands; the Pension
laws which even now 81 yeas after
the close the war amounts 30 l4l
million dollars vear: aud bcss, and
towering high above all the Acts of
1878 and 1874 demonetising silver.
He then entered into an elaborate
discussion of that Act and lis effects.
as it occupied an' hour in its delivery,
we will produce only the; heads of his
argument.
The PEOPLE are mole vi,allv con-
ccrnea in their :'uNneyS Shan in snv-
thing els.. It uea<1Les. ali thtir
products and all their sle5s The one
thing which more than all things
else, interests them in the quantity Of
that money, the number of dollars in
circulation. The more dollars there
are, the more their products will
bring, for there will be more pur
chasers and more money TO pay for
them. When money is scarce, prices
are low: and when money is plenty
prices sre high. No writer in po-
li,ical economy dontroverts this. They
all agree in the proposition, which
has been thus stated BY Ricards: Il
assume as fact that is incontroverti-
bic that commodities will rise CT fall
in price in proportion 70 tire increase
or dimiuution Of money"
Up to 1873 we had both gold and
silver, under the Jefferson Ac, os 1892
and the amen':irg acts Of 1884 and
1858. Si;ver and gold had cqnal
rights Of coinage. That is to say, the
owner OF 81! grains Of pure silver
had the right 10 take it 70 the govern
mert, mint and have it coined into a
government dollar. The owner Of
90 % grains of pure gold had the
right to have his coined into gold
dollar. Both we're legal tender in
payments OF debts. The Acts Of
1873 and 1874 deprived silver of that
right. After that it could no longer
be coined or be full legal tender-it
: was no longer Standard money. I'm
ING diately before or soon afterwards
EEsope did the same Thing. Gold cnd
silver scosn we're aboutt eaa:-jn guam
ttEe world. So. "ref ha!t he
Nosid's molrv vas stricken Gown in
mer!ea;; Asia con;Tued