Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1897-10-08
WHEN. WHERE AND HOW.

"nGNs fNtNo
Questions Regarding the LcEislntinE |
Away of the DimetaIiic Standard.
We have been asked "when and where
and how were the people deprived of
bimetallic standard?" To answer the
first question when" it is only neces-
sary TO refer once more to the crime
of 1873, when this country was using
greenbacks exclusively as circulating
medium with few national bank notes
on the side, and greenbacks were legal
tender for all debts, public or private.
Afterwards it was proposed to return
TO the specie basis. The fact was then
overlooked that in 1873 u law had been
passed suspcnding the coinage of sill
yer, so that when the country came
down to II specie basis the people
found to their sorrow and dismay
that they only had one kind of metal
to rest upon instead of two kinds, as
they had supposed. The consequence
was irretrievable ruin to many of the
business houses and manufactures,
strikes, lockouts and bioodshed in Ill
most every state i'll the union, the
great railway strike that spread over
the entire face of the country, the
formation of that non-Amcrican insti-
tutions, the "tramp-army." The eff
feet of this legislation spread like n
hot wave of destruction over the en-
tire country, and, as Mr.. Carlyle pre-
dicted, did more damage than war, pes
thence or famine could have done. This
was followed by unfair and unfavorable
Legislation against silver which has con-
tinued almost without interruption by
the passing of such subtcrfuges as the
Sherman bill and the repeal Of the same,
and other acts of discrimination against
silver and in favor of gold, until gold is
to-day apparently worth twice as much
us silver On the sixteen to one basis.
This answers the question as to when"
it was done.
AS to chow" it was done is beyond
the ability of anyone except some of the
consprators who were connected with
thcconspiracy to explain. 1t is said that
the first act in the decentralization of
silver cost several millions of dollars
all in gold. 1t was done by chicanery,
misrepresentation, bribery, fraud, in
timidation and bulldozing, by ridicul-
ing those who were right on this ques-
ton, by threatening and cutting down
wages, and by underhand tricks known
in politics, and by the elections carried
on by the most wonderful contributions
by those who received the benefits of Il
single gold standard. This is partial
answer as TO how" it was done. No
body could answer in detail how it was
done nor how 1t has been kept from
being undone.
AS to the other proposition of the
question where" have the people been
deprived of II bimctallic standard, we
would answer, from Maine to San Fran
cisco, from the northern line of the
state of Minnesota to the southernmost
eXtremities of Texas and Florida, and
every acre of ground within the con-
fines of the boundary of the United
States has suffered TIE blight of the
single gold standard. From 1873, when
| the first act was passed discriminating
| against silver and in favor of gold there
| was commencement of what has been
| known MS these hard times" Nearly
| all of the railroads of the United States
between that time and the present time
| have been in the hands of receivers
nearly nll of the great manufactures
of the country have suffered from
strikes and falling prices, nearly every
large city in the United States has
suffered from tramps and men out OF
employment. Every farmer has felt
the effects of the blight OF the golS
standard in the lowering of the pr1c,
of his products, and every working
man in the United States has suffered
with the balance of the people OF this
country. The answer to where the
people have been deprived of the bi
metallic standard is as broad us the
confines of this country. The effectso
this deprivation Of n bimctallic stand
ard have been as fatal TO business as ,
wave of poison sweeping over the coun
try would be to human eXistence.-Illi
nois State Register.