Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1897-11-19
THE CHIEF ISSUE.
what George Fred Williams Says of
RemOn ctizntiSn.

Recommendation.
George Fred Williams, the brilliant
Massachusetts leader. is not one of
those who believe that dollar wheat
aud the decline in the gold price of sill
yer have knocked the bottom out Of
the silver argument. and that the dem
Ocracy would have TO shift 10 other
ground. He claims that the constant
declire in prices under the gold stand
ard marks Il constant shrinkage i'm the
value or property OF al Kinds. Hence
the wealth OF the world is dccrca sing in
nominal value, although vastly in
creasiug in volume, Individual holders
lose. borrowers are unable to meet their
debts, aud then the mortgagec steps in
and grasps the property. In this way
Morgan and his like are ,yrcckiny the
railroads OF the country and are get
ting more and more control OF the
country's resources 1T figures far be-
low what thcy ought to command All
If this is due. he argues truly To the
gold standard and it's inevitable effect
to force down prices. He says. accord
ing TO the Illinois State Register, i'm an
interview:
The more silver goes down, the more
believe i'm free coinage rs the only
remedy for the fall in prices The re-
mOnetization of silver at sixteen to one,
with absolute free coinage. is the only
thing which will prevent the con-
tinued fall OF prices i'm all things. The
fact that wheat has touched one dollar
a hushel has nothing whatever to do
with the real question. Would YOU set
~
events of one year alone? We have
here mere incident Of bad crops of
wheat in either parts Of the world and
good crops here for the time But
there is no general prosperity. Where
is there amy evidence Of prosperity OK
cCpt in the newspapers? Have YOU
heard of the wages of any work men he
ing raised? Yes. the newspapers re
port Shat mills are starting up I'm differ
cut parts OF the country. but what does
that amount 10 and hoNs much prosper
ity is it bringing to the workiugmcn?
The fact is that from the discovery OF
gold i'm California up to 1878 there was
"A constant rise of prices al over the
world, and there WAS never Il period in
human history when the Cheapeninos
Of the processes of production was go
ing on SO rapidly. There was steady
rise I'm prices all the time. Since 1871
there has been steady fall all over
the world. and the process is going on
now. This present year is no exception
to the rule. In 1894 prices Of goods fell
on an average all over the world ten per
cent. In 1925 they fell five per cent
more. Your idea that prices will fail
rs the facilities Of production are in
creased is not sound. for the worlds ex-
rericncc for the 20 years before 1872
proves the contrary. The fan in prices
will continue as long rs silver is de-
monetizcd. aud nothing but the re-
monCtixatiou OF silver will restore pros
perity. See how ii is i'm Mexico: vha,
boom Of prosperity they are having
there with their silver money. Capita!
is flowing in from every side. Guern-
sey knows what the truth is. lie shows
how really prosperous they are there.
Silver coinage viii continue to be the
chief political issue until il is settled
right. OF course the party Will make it
the chief issue this year. and it will be so
in the congressional campaign Of 1895.
EN-Gov. BoieS, of Iowa, does not know
where he stands on the question. He
has been looking around ever since last
spring for same safe position to strad-
die on, and he has it i'm his idea like
Secretary WINDOWS. Dut that is ut
terly impracticable. Nothing will ever
come Of trying to issue notes for silver
when deposited at the mint. That
merely makes the government deposi-
tory of bullion. 1t does not help in the
problem at all. We have other issues as
well as silver, and l do not want
them TO be obscured, but silver will be
the chief issue until there is remoneti-
ZatiOn at the ra re of eivtean 10 ono"