The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1897-11-03

Clinton CUliEs Draws 8 Parallel EsfWsen
Two Condislons-Dear Money Reverses
the Wbesis tf Progress ard PGral. zss
CivI.'zstioD
People seem to look alwaEs only on
one side OF this money question. They
al seem 10 know what "cheap money
means, but when you get to talk about
dear money" they do not seem 10
have auy clear conception of what II
is. TIE advocates OF gold never yet
saw csse Of dear money" but they
1av6 seen one or two cases of ''cheap
money and have never yet got
through talking about it. Dear
money" they csn'tsee, and don't know
what you are talking about when you
speak o. il. 1t may be well to lnves
tigste. What is cheap money AID
what its effects?
Cheap money does not uean that 5
dollar is worth forty, fifty or sixty
ceDts. 1t meaus that when you 90
around with dollar yol cannot get
S, aziul much for it, Il means that
! dollars are 50 cheap that men will no:
give oluca OF their laud, produce,
merchandise, Shoes, dry goods, c)tto7,
corn, wheat Or lab3r for them. Il
Other words, you have to give good
| dea; O money for these articles; not
! because these articles have osc1me any
mere valuable, but because money Is
caeap. Daring t2e var period We
paid $l4 ior Shoes, $50 bsrrel for
fouc, fabulous prices Tor LAID, not be
Cause these articles had b:coms aay
m0re valuable, but oec.use the gov
iefrmen5 oy setting the printing presses
TO work 10 turn out millions Of dollars
$50 ca!IeG) had made dollars cneap.
Now wGon does it benefsand wn1a
huct to have money cheap Il
hurts all those who have The greater
part o. their wealth IL the shape Of
money-si.her actual money, or Ia
tue Snaps OF actual m oney due them,
OR money lent oul. It enriches ali
those who have tie greater part OF
their wealth in other shapes; sucl as
cotton, oats, corn, lumb3r aad forms
OF merchandise or real estate. For
instance, man is worth thousand
dollars, eli IN the shape Of money, or
money due him He will be hurt By
having money become cheap, because
be caa no longer procure as much OF
other things forit. If he is worth $500
in money and $500 in goods he will
not be affected; uecsuse, although his
money vii not buy as much, his
goods viii 20 Up IN price. L he is
woctl 81, 900 because he has $500
worth OF goods and owes FIVE hun
dred dollar debt, ne will fad By max
iog moo9y chaao that his goods will
b7 quoted a. 50, 500 OF $1,000. SO Snat
By the sale OF Z vary small par! o!
them he eau wipe olt his deb. aud
have s., 900 Or $500 worth Of gools
l5tt.
This is Why the creditor class rais-
a howl and justly about making mon,y
cheap. Cheap money helps ali those
WHO 90 nc. nave the bulk OF their
wealth il moo3y shape, and hurts
taose who do havs ths greater part OF
their wealth IN money shape. As the
anolns u waalta N the forms Of land,
dry goods, manufactures, merchandise
farm p:cdl3Is, Labor, aud 50 forth, ex-
ceets lie a1noIa! o. W5A!:n purely II
money form abou. as iauca as one
hundred exceeds one 1t IS easy ID see
that it helps one hundred where it
hurts oas 10 make money cheap. Bl.
our money Should De sta ole, and once
beng es;a oIisned, II is noS right for
congress. by Iegi3ia ion, to make
money eithe-- --"dear" or &c c1esp" This
is why we hear the c:v OF the iDj is.
i;c3 OF the demonstration act CT 1873,
making moa9y dear" Prior to 1878
all silver auo ali gold could oe taken
20 Gne nints and made into dollars;
since 1878 the owners Of gold only are
allowed TO do this, This brings into
existence only haIfthe number Of dol
lars that could be brought into exist
ence prior TO the passage OF this ac5.
l. goes without saying tnat the max.
Ing OF dollars scarcer and consequent.
Iy deaIer must be tie result OF this act.
We nave sloWn wnom cneap moaey
hurts AID whom it benefits. Now,
WAC is hurs or benefited by dear
money" its opposite? By dear
money" We do not mean thai dollar
passes foc 50 %, OF 81 81, bu: tha. peo
pc who nave goocs Or laoor IL any
TORN must give mpca OF theSa for l..
Il . man mas the greater part OF MS
we@It;l IL tGe jocm Of money, or
money loaned ou:, he will be benefited
oy dear money; because hs will tnd
Gna. &c can ges = muca greater guam
t!ty OF goods for II. Il ne loaned
money Oh: bo:ore money became dear
he VIII iaQ that b-siGes having re
ceiraa his l:l:erts. n can exchange
his money for much nl1Te goods afLer
a4 Is pad back. Ii mau has his
wealth hali il the icrn Q; money and
naiI III tne form OF goJGs he vail uot
De affected by dear moasy."
/: 3 m&u IS worth 81 600 o-asuse he
mas ), $50 WoFtG OF GOODS and o"cS
500, ne viii G4d wae1 money BE-
ZONES de&res GRa! he wili Ave W give
lis 81, 500 ToEsl oi goods - get SIX or
s-veu hundred dollars n clsh vita
whica 10 l.qNidate his $500 debt, and
his property IS practically wiped out.
Were maa oTed $500 aad hal
81, 0OO worth ct merchandise or other
property II any form other Cnap
money, he IS rendered bankrupt aad
utterly wiped Out at once As pro per
- IL tae iorn CT mocey conp4red TO
pfooerty II all olhet lorals is only
ac00: IS one Is 10 one hundred, so It
follows :naE making money dear ngipS
.ae one wnll5 II nurLs ;ac nUnGr3l.
.'Iais is the evil OF dear money"
Il Is oue hundred times, pcssioly ige
hundrsd ilmss, greater tna4 the egll
tlat caG arlas from c4ea3 money, and
y7g We nave statesmen and so-c2lieo
..f SapEa