The Robesonian. [volume] (Lumberton, N.C.) 1870-current, 1897-09-22
To be continued. 1
The New Repudiator.
AShcyille Citizen.

Asheyille Citizen.
The gold men have money to
burn, and some Of it they make
funeral pyre Of under the nose of
the Citizen. We have received
from the Financial Review, lock
box IS, Washington D. c., a
number of short essays on the
financial problems of the day, to-
gether with a polite request to sig
Nifty if we wish any more of the
matter in the future. To be
sure we do. Why not? Let it
come. One paragraph of the sheet
sent us has this:
''The 1900 election is likely to
find the world with q billion of
dollars more Of gold than it had
in 1896. The wonderful increase
III the production of gold in all
parts Of the world is proving very
discouraging to the free silver the
orists. -
Now this so closely represents
the almost universal misunder-
standing Of the gold men of the
blmetallist that it is worth a mo-
ment's attention. The silver man
of TODAY believes that the gold
dollar is an appreciated and an
appreciating dollar. He believes
that any one who borrowed q
thousand dollars, or any number
of dollars 10 years ago, must pay
lack relatively greater sum now =;
that is $40, 900 with a greater pur-
chasing power than the $4,000
dollars borrowed. He wishes a
cheaper dollar, a dollar with a
lower purchasing power, a dollar
that will increase the price of all
commodities. Having got the
cheaper dollar by the introduce
tion of the tree coinage of silver
he believes that thereafter, under
the Operations Of the double
standard, the purchasing power OF
the dollar would be about station
ary; at least it would not ad
vance.
Now, it makes little difference
whether the color of the flood O.
dollars necessary to give us {
much cheaper dollar is yellow OF
white; whether it is of silver O.
gold. It is an immense numbe
of dollars that know no redeeme
and are never to know one-pri
mary money-that the silver MAJ
Of the present day wishes. Henc
) the silver man, of all others,
the only one who can consistent,
hail with unfeigned delight the al
rival of gold enough from tn
: Klondile or from Africa to max
3 another million dollars. He
| the one man of all others who VIC
G ted and plead for more dollar:
The gold mans contention wa
: that the silver man was wrong
G. that no more money was needed
: that there was gold enough to d
the worlds business-that an
Y credit. He efrowned heavily on tt
i silver mans showing that the gol
:, debt of the world could not |
e all paid in gold, and that the1
i was not gold enough in circulate
IS to pay off the debt payable
y 'tcoin." Moreover, the gold nh
contended that any one who Wisht
e for more dollars--and that meal
o cheaper do1lars-wa5 Il repudi;
tor and any other old name th
is could be thought of in momen
l. of excitement. And yet here a
/, the gold men, in circular put o
n to teach the poor and lowly, thro'
a. ing up their hats at the increa
III gold money, just as though
e, million more of it did not aTe
e the purchasing power Of the d,
ID lar to the same extent that a mi
n, ion more of silver dollars woul
~ If the gold money stock Of
70 world could be increased within
70 iew years, by as much as the fl
coinage ii silver would increo
ne the money sroo1, the silver m
N would he deliehted 70 let silver
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