Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-07-31


money system, both holding thatit is
better than gold monometolism, the
difference being ss TO whether we
should adopt it Independently, OF
only IN conjunction with other nations
1t maY be tina! both platforms are
erroneous, and that the single gold
staDdrd is the best basis Sor cur.
rercy system; but neither party has
given us chance to vote upon that
question. Both Stand uneqIivicnlly
against the single gold Standard
Nevertheless, is bimetalist to be
hooted at as an Anarch or lunctic ?
Three years ago in london, ut the
Mansion House, heard Mr.. Baliour
mako his great speech to distin-
guished audience in favor of bimetal
ism. did not hear any ono call him
an Anarchist for 80 doing, nor did
any newspaper next day call him the
like, dut he was fairly treated, and he
has since become a Leading member
Of tho British Cabinet and leader for
the Government in the House of
Commons. A few days later L hea, d
the great debate in the House of
Commons upon metallic; mouev,
brought on by the act OF tho Indian
Government III closing tho mints to
the rupee. The science; literature,
mud Technology of the subject wore
exhausted in good temper and order.
May we not have like discussion
hero and would not great good come
from il i? We were on the bimetalic
bras III this country up tn 1873. In
that year the statute dcmonctizino
silver was passed without attracting
general attention, for tho reason. that
the silver dollar had pissed out of
circulation. 1t hFd not only held it's
own against gold from the beginning,
as had also beon the cas- with silver
money MI over Continental Europe,
bnt was actually worth 81 % in gold
in 1873, and principally for that rea-
son had disappeared. Those who
say to lis that the production of the
two metals has since maintained
ubout its former ratio, and that we
can go back to the former ambition
and keep them at parity as money,
may therefore we'll 30 at ledst tlcceut-
ly lietcned to, especially as the plat
forms of both parties agree thdt the
double standard is the best founda.
to-: for T. ffhahcial system. Some are
crying oft for tIie sacredness of con-
tract obligations; and for the nations
credit and honor, us though there
was q suggestion to repudiate private
or public obligationscA All contracts
payable in gold~dre iuvioldblo under
the Constitution. They Uauhbt he
changed by law. If cur public bonds
were BY their terms payable in gold,
they would have to be so payed.-
But they nre not payable in gold Let
1t be borne in mind that the Congress
even refused tie request of the Pres
i lent to make the recent issue of
sl0 1000, 0OG in bonds paytblein gold,
so that they might be issued at
bwer ratio Of interest and sold at n
better price. Curin5 the war, when
gold WAS at high premium, our
Government sold its bonds for the
currency Of the time, at par and less.
And now as to the insone tax
The people of this country and of
this State for fax upon incomes in
excess of $4,000 or $4,000 by an over
whelmin9 majority. have no doubt
1t would be carried, even in this
State, by three to one. 1t is the
tsellng even of the fair conservative
rich that those who have the prope
ty OF a nation should pay its just
proportionate share towards The SUD
port OF the government which pro-
tects it. That is the sentiment of
every nation in Europe, as well as of
this nation, The cry from certain
quarters of Anarchists and Socialists
against those who favor an income
tax will not change their minds
The fathers of many of them were
abused in tho same sensoloss manner
for sparkling and voting against hu
man slavery. No one can truthfully
say that the allusion in the platform
to the decision of Ike Stpreme Court
OF the. United States declaring the
recent lncC me tax statute unconstitu.