The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1897-09-22
F.,Iure of Coldbue Propheoies.

iAC SOiS|C Us &c "SS pa PSiS e@E4 "; avis
are sorry lot Of prophets. Every
tn Dg they prophesied in reference 10
the return Of prosperity to the country
has failed 10 come to pass In 1878
the Bland Allison Act wss passed.
prc yiding fer the purchase and coin
age of &c: less than $1,000 600 ncr
more than 81 600, 600 worth of silver
b2llion into standard silver dollars
each mouth. It was passed By an
overwhelming majority, and became
a law despite Presiientisl veto. It's
enforcement was entrusted to frinds Of
toe gold standard, and it was never
executed beyond the minimum
amount. Even this meager and un-
fir execution was bitterly opposed by
The money powec, and everything pos
s!ble vas done to force its repeal. The
silver dollar was msda an outc-st By
the great banks and clearing houses.
I. was caricatured by Harper's Week
y and other sound money" ru5lica-
tions, being represented in cartoons as
dollar with fifteen cr twenty par
cent. nipped cut OF one edge. Itwas
characterized as short legged" dol
lar, clipped" dollar, 'thieving,''
''swin6ling,' dollar, dishonest"
"repudiatipg," dollar, and every
imaginable epithet was employ ed to
deride it and destory its credit with
the people. Not oaly this, but it vas
insisted that the coinage of fifty c.
hundred millions OF these dollars
would drive all the gold out Of the.
country, reduce US to silver basis,
utterly destroy cur financial Standing
and ruin our business. This course
was continued all through the admin
istra. ion of Mr.. Cleveland, who will
ingly lent himself to the task OF de-
stroying public faith in our monetary
system. Notwithstanding all this, as
is shown by the National Bimetallist,
every soldite prophesy failed, and the
silver sentiment continued to grow.
II 1890 was passed the Sherman
Law" enlarging the purchase OF silver
to 100000 OUNCES per month, and
the issuance of treasury notes thereon.
Wall sr:et needed money at the time
and made but feeble opposition to
the passageof this act. Buta little
later tae agitation" for its repeal was
was begun, and continued until, by
the combined force OF Eanic precipi-
tated for the purpose and the coerciVe
influence OF President Cleveland's ao-
ministration, the purchase clause OF
,ha! act was stricken cut and all fur
iher additions TO our stock OF silver
money stopped. While this 'aGita-
tion" was going On, it was not pre-
fenced that We cou,d not safely carry
the silver which We already mad, but
i: was claimed that the continued
purchases" were threatening our mone-
tary stability, and undermining puo-
lie confidence. Repeal the pureh-
ase CLAUSE, It was said, and conf
dence would return, bringing bound
less orosperity in it's wake" The aur.
cha>e clause was re2sa:sd, and The-
ther ..cclhierc7 was restored" or Lot
ws saw nothing OF tn, promised pros
; rity. And tie gold agitation
seas riga. On. The treasury was Ia
danger. It @as shouted. The gold
j. g2:.;py lew. We nus: issue bJLcs
a.d BORROW more. Then 'conf1eace
nd prosperity will surely come.
6osds were issued il four lots to !he
anount Of s2G2 CO., 900. Sill, 10
"coaGaence" aod no prosperity.
TLen cane tie d-ma3a 'or the retire :
| n.ert Of tie grsecoac2s. NJ. only
wsS silver an eltm.nt Of tan2tr, h2s
he greentacks, which lad ;e,,t,&lg
performed the wo:k OF money Tor
third of century, the greenoscks
which had carried the United Safes
safely through tie greatest civil var
lie world has ever kno~n, aid which
ten thousand tiues over Republican
leaders have eulogize5 as the best ps'
per Currency ever created"-;he green
backs had suddenly become poison to
our monetary system AID mus; De get
ten on: OF toe way. Ati4s! came
l,aarer ef oasiaess improvement
The e-neat c.oss CT Ear22- (. - i
ars.rtine faded AID Ia ,..:29 q r.
Grain vent u, Tne D.! g e, oli '9.
cane lsw AID Some !d:e facto'i
re started. HoS iong .tey viii c14
Rs mains to be seen, butscme CT them
nave undoubtedly started Tic.es ara
croasbly 8 little bstter tran they have
beer fer number OF years, amone the
Uh,ss farmers OF the Wes;, eu; II
there is any improvement among the
c2:ton farmers Of the Stu:h j. IS rot
visible Ye. the cry IS 9o:ns up fscnl
he g9l3-bug crsaLs OF he whcl'
colu:cy TIA: a grsa: era G: s.osPeFl:y
IS upon Us. We wish they sGe@ Thas
yhev ere talking about, b2t tasg cen t.
fnis rrcoaec7 IKE 81 th- ot5e;s r1aca
BY tue go!a Gags viii fail SIS socn IS
F,1rooe again h8s abundant cIofs
Marx tee prediction.
New Pr sidert Clemson ooItg".
The Rev. Henry S. dactzoG, Drlnc