The Caucasian. (Clinton, N.C.) 188?-1913, 1896-10-29
WHY GOLD FAv0ss THE sIcy


$50" fs' s.s's sf Ssssssa us,ss c.,
's.s ssss se -. piss, ns.., A.
ws.' 'ss v.-. sss.s.es. -s a.. s.~-s
hs IN --s-s.
p~Gs~~s af w~ahA caapos no ,,<v-
ias~d ~ hw. w~aith nest 10 ,.f, a.
naisfe 'ntsnasa %. .. the s-vars es
indestry sna faSssAty. Ess th.r,
eestainsy .hesld e- so lays r-p-~i.iI,
iatofinx Tho ~.anh, eak.-.. -ssh .
hse, hosesvr. meat c~stsinly sxfs:s a.
the act OF is.s ~stsbsssh,ust IN. .,,,a~
gold STANDARD. IL fa.oss N. v,eh 4.
he d~tfnptnt Of The prcdaeirx elas>..
e~ca1se it fas'ens upon Ss q srpvios
cr appr~cisfinE MEASURE of sslues
ksery sa c~s.ise nation Which ABORT.
TIE gold standard tncreas~s the vcvia,.
oensand Tor that metal and By 90 N ueh
~nLs noss It's relative eaius. Ev,,,
yrar. ~ the eoumerc~ OF the ucsld IN.
cr~s-~s, the val.~ Of gold .asu,nt.
The collar ts~ssr L-oetsins lars.r and
larger. The rich Ind % xr.sily q,
Their advantage, but 10 b~srs h.sslIy
on The industrial els.r-a
ELt~rpfi.~ r.quirvs that men .hoais
borrow. No one can engage actively
IN any business BY which emplo, m~nt
10 given TO o;h~r aud The cemmunrt,
Every sacorssfui man hs, NJ or- time
been largely tn d-et. Tho gold .isns-
ard ci.criminatss against this useful
oiAs.-the active, -nt-rpri.inr. pro-
ducipg ciass-th- hac bone of tho ma
tion. IL does tti. because. In secl-
iion To the iuter-.t paid, under al sp-
pr-ciAtinH standard The debt d. ever
growing larger. An ADVANTAGE d.
thus by iaw placed In the hand. of tbe
money lenders aud the great Hnanri-
ers, To the defriment of all other
classes.
Under this advantage the rich grow
| richer with wond' rfui rspidity ana tie
active, producing classes, OF course,
have Ia stand the burden. lt~a. un-
der the operation of the gold standard
ia EngiAnd that the ciass of email far
mers was entirely wired out and the
lands came isto TIA. p;.ss~..ion Of q
c.a-s of wealthy capitalist holcers. the
farmer owner. becoming mere tenant.
on the iands they once were he pro-
/ prirtors OF la the same Way people
IN this country will incr-asii giy be-
come tenants and 80 d. par tn. farther
from the ideal condition of q Republic.
with u stable money standard. or IL,
II must vary ai all, a d~pr~ciatlng
rather than appr-ciatipg one. this ad-
vantag. To wealth cea.es TO exist, and
the ninety and nine average citizens
prosper far more in the aggregate
Than the one does under the present
system.
| The true ini-r-s,s OF the Republic
demand not that wealth be eqnaiin.d.
but that all be given n more equal
; chance. This the rep~sl of the act of
ls.3 aud the re-enaci meiI of the coin
age laws as they existed prior to thai
year will very greatly aceamplph.
To illustrate the operArion Of the ap-
preciating standard and the advan-
taGe ~ works To the money lender,
, suppose ten year- ago two men owned
$500 apiece. The one lends his money
the other invests IN property. The
latter buys hoUre and lot for el coo
pays down the $500 he owns and bor-
rows the remainder from his friend
upon a mortgage on his property
The money standard doubles and tie
$500 debt becomes ne large ~ 81 Cos
wac NJ the time the loan WAS made
When IL falls due, IL takes the entire
property TO pay the debt. The money
lender then has everything, the bor-
rover nothing. This IL an experience
: which every day some one suffers.
. Every mortgage today requires the
. W b~GhhNS NV
debt has doubled, not in the numbsr Of
the dollars, but in the relative value
Of each dollar.
III the money standard would remain
stationary where IL is, IL would not be
60 bad, but We have no guarantees
) whatever tha. il will not again double
: and nothing will tend 40 much TO give
il another upward boast in the success
OF the gold ticket st the polls next
month. We cannot see bow IL IL pos.
sible for gold not 10 further appreci.
: ate il its advocates triumph. IL IL
does, il II inevitable that the hard
times will be prolonged aud iniensi.
fed, failures in business will multi.
= I, ply, labor Will Increasingly be left un.
employed, great poverty will ensue
|, and when men grow desperate from
hunger riot and disorder will threaten
the peace Of the country.
Meanwhile the syndicate which IL
u putting up millions TO carry its purpo.
ses in the present campaign will bs
recouping itself- from the peoples
treasury with profits adequate TO the
risks IL has taken.
o Can any good citizen 60 disregard
the true interests OF the republic as "a
cast his vote for the perpetuation o
the gold standarc!-Detroit Tribune
n Rep.