The Caucasian. (Clinton, N.C.) 188?-1913, 1897-10-14
BLAND AND BRYAN PROGRESSING
RabId Gold Organ Says That They are
Now With tho Populists for Full Legal
Tender 6reepbacks.

RabId Gold Organ Says That They are
Now With tho Populists for Full Legal
Tender Greepbacks.
From tho st. Louis Globe Democrat.
Mr.. Bland, too, is showing that to
tho orthodox silverite the descent to
the avenues Of grsenbackism is easy.
Il am in favor Of a large volume of
money" declared this free coinage
apostle in Labvr Day speech At Par
is, Mo. Il would first have silver
and gold coined, free and Unlimited,
at the ratio Of 16 30 l. If that does
not furnish a sufficient circulating
medium l would issue paper monsy,
and would have that paper money
like the old greenbacks-redeemable
In nothing, and good legal tender for
all debts public and private"
It will be- noticed that Mr.. Bland,
in time of peace, would go farther in
the way of note issue than the Re-
publicans did IN time Of war, when
the wealth of the country was
only a quarter of what it is at
present, when expenditures were
far greater than they are now, and
when only small amounts of gold and
silver were in the country. The Re-
publlcans, under the stress of those
adverse conditions, issued green
backs, which were to be a legal ton
der for all obligations except duties
on imports and interest on the pub
lie dsbt, but the intention was to re-
deem them in gold at the earliest
practicable moment, purpose which
tho Republicans made good by the
resumption act of 1875, which went
into operation in 1879. Bland, how
ever. would make the greenbacks le-
gal tender for all sorts Of debts what.
ever, and would have them "redeem.
able in nothing'-that is, he would
have no coin of any sort behind
them, not even 80 cent dollar silver
They would bs simply and absolute
jy fat money, and nothing else.>
Heretofore Mr.. Bland has been
considered an honest money man te
tho extent that he would pay 80 OF
40 cents on the dollar. Almost al
the other Popocratie chieftains have
at one time and another, ranged
themselves with the flatists. Bryan
for example, did this when he sup
ported Weaver in 1892, and nobod!
took any special notice Of it, for Mr.
Bryan has always been a Populis
and nothing else. Bland, however
despite his affiliations with the Pop
ulists in 1896, was considered to hav
a little Of the old Democratic in
stincts and traditions still in him. A
was popularly supposed, he was il
tho Populists but not of them. Hi
Labor Day speech, however, show
that he, too, has gone over to tn
; rag money men. The change Of bas
. was natural, of course, for the differ
ence between money which is three
, fifths fat and that which is all fiat
, one degree orly and a very sma
!, degree. BANDS shift Of groun
com pletes the metamorphosis of th
Pop alistic party. Scratch Bryan
ite of any part of the country an
a greenbacker will be found unde
his skin. There will be no silver il
sue in 1900. The difference betwee
a 20 cent dollar-the Bland coin wi
!, probably be down to twenty cents b.
= fore the next national convention
= meet-and a no-cent dollar is te
- slight to count The old rag mo-
. ey party which Republican gold r
sumption smashed in the early $50!
:, will be resurrected in 1900 by the {
ements which supported Bryan
a 1896 This greenback folly will
y crushed easier than was last year
- silver lunacy.