The times. [volume] (Richmond, Va.) 1890-1903, 1898-10-16
r.,,. =, .uv.r ~ n2 Grain of silver

q
and trade The more valuable coiihr WIZ
not be- used. unless 1t Is sYecl'l any 90, IN
ed I'm the trade and he people COW, 4,
derstand this question npT ,n cIsar'v and
constantly that the wn)le ifnt - c'f
what the word dollar ~hdh mean ~
America. II is tifle his TING W. nS
bonds and treasury notes r'td IN s ,Vin,
II we mean TO p2y those panls IN uIi.a'
made ont OF 81 or ~ sr.iInS OF s''a sni
clearing up this ambiguity. But X NY
Government means 10 pay tneut III IT,
grains ~ sole. which, has been me u', M
in America eVer since 1851. lhea 'nct o.S1
Tor an time. TIE ~, pie should use up anu
settle this question. u VIII tyln IN 10
constant menace % ocsinH, tnu ~ 'n ns
rrorrorq % 0nr hnlOv"l land tS iphE ~
any cloud Of doubt rests upon this word.
The preceding paragraph leads US 10 ""-
swer the shallow question so often ask
ed In current politics. is there enough
gold in the world 70 pay all the debts
n The money should be called for2 NO.
There Is not enough gold. and there IS
not enough gold and silver put together,
and there Is not enough gold and silver
and iron and copper and lead and all on
tbo other minerals In the world put to-
ether Ia nav the worlds debts. and
,,cra is not enough OF anything. except
Won take pretty nearly all Of the planet
rocks hills. fields. trees. and houses put
together.
Nothlng in the world could pay all
debts If the debts were all called Tor AT
one time ,..,,. 49,,
The worlds civilization Is buit upon
credit The United states Government
II living upon credit to-day. II yau ask
~ IN nav All Of it's greenbacks ana bonds
a. once. /, could not pay them 80 either
cold. or silver and gold put tosether
There is no bank. If ali the banks mao
% nav at once. there IS not one that could
md the call. n the railroads were
called upon 10 pay their bonds. they
,o,l1 not stand the call If Farms were
callod upon TO pay the mortgages upon
them they could not stand the cau
what could the creditors get then
Nof gold dollars. nor silver dollars nor
lead nor iron. nor copper. but they wou'o
have 10 take the property itsflt.
Tho owner Of the mortgage W. lld nave
10 take the farm and the owner oi ln'
railroad bonds would have 10 tdi p 'ne
railroad and run It as his own prop'rty
Tho creditor OF the merchant would have
10 take the merchants stock on 6oouS'
and SO on throughout the world.
II would be "a mere exchange of control
over certain property. which is the SO
curitv for debt. Hence how shallow ana
foolish II is TO talk about there being gold
( enough to pay the debts. AT go. DOL
lar stands for. all the use ~ 10 in the
I world is TO compare other things by and
/ to become % medal link I'm exchanges
When credit is undisturbed these Eo'a
! dollars scarcely ever move from III" l''''
where they lie but the whole business
: il carried IN through ledger accoun'.
Isn't Il ob0ut time that our ifee INK
{ ing politicians should pause ana STUDY
/ fhis question little before H5i"7 IT.
, enlighten the voter?
! The foregoing paragraphs bring US 70
/ think Of the s0uth's condition after mo
war. II was a noble stretch Of terrific
-, striprcd of all semblance of money j
r.r-orrbar one worthy and uselul man
Z living i'm tic heart of the South VINO 7'''
I mar In was six months after the suIreh-
Frr M Appomattox before he sA" any
money of gny KIND. I'm.
Then "a Northern man. VINO ma" '''
South and settled I'm hts reishooino'
oove him some greenbaCks Tor fou ~"
/ bacon that be had buried ana n'VN' !
away from the Yankees during lne wa,
,r,o North was flooded with money. cred
/ 10 money government proin'9'7 s,f,
/ ,oin which they bad gotten very t-F
..d ,.o-,, cboaplv. besides enormous ls
I s,,es ~ Government bonds wh'ch. un'-i
/ Inc national banking act. had been ii'u'
/ the basis for token OF credit money, were
/ AN held go the North. ..t
Tho war had made that section
bovoud the dreams ~ avarlce. Mi
I uonaires sprane up IKE mushrooms
~ rlvht IAN this Hood OF cheap green
| t,rts and national bank notes pt7'l
/ ,,,,n tbe Government bonds were hh"
/ darlv bv the reeumntion Of specie n'S
raents. made as good ms gold doii'i7'
The south had lands brains "". 20
ore,,. INT no money. 40 wonder tfcn
Tho South was forced 10 strelen us 'D'
.,,stern m the utmost limit To get ih'
,ooors with which 90 start nov lusin'
and new enterprise. 90 repair the Wl-i
ni1cos they had TO go 90 Northern 'il'.
and almost beg on thoir knees Tor cfro
| Nov, quickly the work Of restoralIl
could bove been done Of the bonds OF in
several Southern states had been .nau
tho basis Of credit money and Ut Dan
notes or N the lands ef the South con.
have been used as b1nking capital ~.
. oven now the South s surerlne from q"
7 tooi- of sufficient banking facilities. 'u
friends Of the North must remember tw
or three things when they come It'd emo
tho South for taking up. with So n.'
enthusiasm. with the silver pronosiIl'i
Thov must remember. first that ,he sout
has been suffering since the clvi war ai
q, suffering yet for the lack Of oanhlh
! facilities because an OF the nailo.l
honis which were The basis or elrcuIoNo
U.cro held In the North az the close
that war. and only a few blocks oi 'hei
.,va beon dribhling southwark since
They must remember also how cheap
,,,5 eosr,. the men OF the North houeh
1,oee Government bonds and the South
on, man cannot help but feel thar n %
gets n2 grains Of silver for every 40
lar nominated in the bond he IS getun
ifs fun deserts They must also 70
r-er1ber that while many Southern me
vouid Ike Jo assist the Republican pr
~ in maintaining tho dollar MS II u am
IN unfolding the credit Of the genera
,-ovarrr1ent. vet these very Republican
hove nut over the Southern people IN
constant menace and threat Of negl
domination I'm their home affairs ana !
their home governments.
These things cOmplicate the situate
in the South and make the future Hii
~ duty difficult 20 pursue.
II the Republicans were wise, me
would accord 10 the South NJ once NOR
liberal banking facilities and more aolf
dant local currency.
And whv not have state banks?
Have we learned nothing from our pas
experience with the old local and WIZ