The Robesonian. [volume] (Lumberton, N.C.) 1870-current, 1897-09-01

Just as much now as II diQ ten
years ago. Ii Will buy leo cents
worth. These New York newspa
pers, with the possible exception
of the World, know that it will,
and are striving only to confuse
the public mind and to dissent
nate a lie
1t looks as if the deliberate pur-
pose of these Wall street organs is
to degrade not only silver bullion,
in the depreciation of. which they
seem to have so much delight III,
but also the coined dollars which
form such considerable part Of
cur currency. If this country had
no silver currency to maintain,
had no silver mines to add to our
wealth, and had to go upon the
market and buy silver for coinage
purposes as some other govern
ments have to do, we could under
stand this persistent abuse Of and
war upon silver, but when one
half of the worlds stock Of coin
consists Of silver, when one-half
of our stock of coin consists Of sill
yer, and when our mines supply
very large percentage of the silver
which the world needs for coin and
for other purposes, this cutlery
against it, this persistent effort to
degrade it and make it worthless,
is to lis so utterly stupidity or gros-
~ criminal as to be beyond our
comprehension.
Tie New York World, one of the
papers rebuked by the Post, seems
to have had lucid moment be-
tween its 40-cent rot deliverances
in which it got off the following,
which we may say has more sound
sense in it than anything that
journal has uttered for some time
on the sound money question:
Tho London Times discusses
the extraordinary fall in the price
of silver, and finds it to be an al
gument against any attempt at in
ternational bimettallisn. But is
it not rather the strongest possible
argument in favor of an attempt to
preserve by international agree
ment all the vast wealth now rep
resented by silver coinage and all
the commerce that is dependent
upon that coinage!
Mexico, Brazil and all the South
and Central American republics
except one have silver as the basis
of their monetary systems. So has
India and 80 has China. France,
Austria and other European coun-
tries hold i'll their banks no less
than 81 ,506, 000,0 900 of silver coin.
If silver continues to decline in
prices all this money must 90 into
the limbo of nothingness.
"Who is to bear the loss? What
is to become of the commerce of
the silver cOuntries-England' 3 best
customers-if their money is to be
wiped out? Mexico has already
put stop to foreign trade for this
cause. Must not all the other sill
yer countries do the like If the
decline continues?
is it not more imperatively ne.
cessaFy now than ever before fol
England and Germany to join with
the United States in an earnest of
fort 20 find some way out of this
cul de sac? Is not cur appeal fol
an international agreement more
depressing and more reasonable
than ever before!"
i little daylight with a dash o
common sense got into the Worlc
Office somehow and Tie above ex
tract was the result. The cues
:ions propoundcd are pertinent
not Only asked Of the Londol
Times, which is echoed 30 much il
New Iork, but pertinent also TO
Cor the gold organs which echo it
" hat Is to become of the world
stock Of silver coin, and what is t,
replace it when they have succeed
ed in degrading 1t still furt her an<
making it worthless? What is t
become Of the countries who's
commerce is carried on with silve
: and have little gold? How Lon,
acknowledgements worl
with a gold currency when ate
7 all the ages that have passed til
world has but about 81, OCo, U0O,OO
of coined gold now?
1t IS estimated that the reeen
decline III the price Of silver wi
increase the annual interest on til
;, debt of Mexico 100000.
- How much will it increase the il
terest on our national debt? Ho,
much will it increase the interea
Oh the Sc, 600, 600, eco of America
railroad and other securities bel
: abroad? How much will it il