The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-10-23


per. called forth unbounded applause.
Silver and gold Is the money of the
Constitution. the money metals OF nature
united by God, and what God hath join
ed together let no man put asunder.
me less you have of gold and silver
as money, the more property 1t will re-
qulre TO obtain money; prices will go
down. AS the dollar appreciates prop
erty depreciatcs."
The two great cornerstoncs of The
state are property and labor. Labor
can make property, property cannot
make labor. there can be no prosperity
where the laws tend to make the value
OF property grow greater and the value
Of la Dor less.
Twenty years ago the value OF each
cultivated acre in the United States
was worth s12 In 1896 1t was only
worth Sc.
Since 1873 the value of tho agricultural
products of Virginia have decreased
nearly twenty millions of dollars.
Since 1873 the business of the United
States has decreased six billions aid
TINS SIX billions represented the differ
ence between prosperity under bimctal-
ism and poverty under tentative gold
monsme:all:sm
me gold man had several stock areu-
inents against free coinage.
re sara Ia the laborer you must ito;
have more dollars. for those YOU will
! reccirc then will not be so valuable
To this the speaker replied that tho la
borer was only going Ito receive nav i'm
proportion To the profits OF his employ
en- a rich man in Georgia the other
gay drove in his coach to the polls. ana
when they went down to vote he saw
thc coacn'nan take out u free silver bal
lot. Look here" said his master
you are not going to vote that ticket 8"
sure, sir" Don't You know that free
silver would cut your wages i'm two"
NO. SIR replied the couchman. IF
| that was SO. i. would be YOU that would
be voting the free silver ticket ana
would he the goldbuS." (Applause.)
| the second argument of the gold man
| Is. that il we have free coinage, gold
would be driven out of circulation. The
| ftniS 10 this i plain. Granting that
gold would be driven from circulation
1t would indubitabiy so to England.
| creating an over supply OF money there
anu giving to US Il vastl: .p..oved mar
| ket for our products.
| Silver was demonetized in 1879. The
| Biand-Allison act was adopted in 1878.
| providing for the coinage of s., 900 900 of
| silver per month, and the wonde. of the
world had been excited 10y the mar
| Vicious prosperity that followed this law.
Gold men say that II free coinage is
adopted the condition of America Will
become that OF Mexico. MIR. Daniel
Said that few days ago an English
nobleman told him that his nephew had
come 10 the United States with $4,000
TO invest in property. He Investigated
Il In
| West. Everywhere property wa, be-
coming ralueless. Prices were con-
stantly declining and the prospect, for i'll
vesiment was so poor that he went TO
Mexico. There he found conditions ex-
actly reversed The price OF property
was UP and constantly rising. and there
| ne invested his money and was re-
| ce!ving excellent returns.
| Cold men say we Will have Il delugo
o. money II free coinage is adopted
| The world, when it had 50 far wondered
| from The law of the Creator Wa destroy
by The mighty deep. The sands of tho
! deSer: had overwhelmed and blo;icd
from the map the mighty Thebes a.:
| antiquity. The fiery floods OF Nesuvius
| had overwhelmed the proud cities o;
| f!s:culaneum and Pompeii, but the pen
Of the historian had yet to record. OF, h.,
| race OF Adam 10 experience. the de:ir,ic-
| ton OF a race o. nation by a deluxe of
| money"
| Gold men say that the reason silver Is
:" cheap IL because OF ovcrproductior.
Before the war. L.. NJ Il. nun,c,. OF
| Virginia, a.s chairman OF the Finance
| Committee of the Senate said tina: ;itI-
1 ring the continuance Of the law TO- the
! free coinage of silver the price of silvc.
| had been maintained at n ratio of fifteen
TO one. Since .ha; time silver had been
demonetized tin 1879 and had been
forced 10 decrease in price like any
| ether commodity. notably wheat.
Silver has been dethroned from its
| proud position As The co-equal of gold
and Is only money 10y sufrcrance knock
| the eagle and the Goddess of Liberty out
| OF The dollar. and it l. no longer ;hc
dollar"
| Still another argument Of the gold
| standard man was ii2t hard times and
] low prices were ihc .csult of nverpro-
| ductiom. Men were wearing ragged
| clothing. not because OF ovcrpruductinn
| Of clothing; thousands were hungry.
| n"I because Of lack Of money. but as
| the result OF overproduction OF ;hc things
| needed - keep soul and body ;orcthcr.
| The rel. reason why wheat and co: n
| are 50 cheap = not because OF uvcrpru-
| duction. IN; under consumption There
| were $4,000 900 les bus heels of earn eaten
| ia 1891 ihan IN 1895.