The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1898-05-24

liable to break away from the traditions of
more peaceful times, and to fix its affec-
tions upon leaders whom it has learned to
know and to idolize as soldiers and heroes.
-Neso Brunssoick FredoniGn.
1t has been demonstrated that the cost
of the war for the Union was increased
more than $500, 100000 by the mistake of
issuing greenbacks. The greenbacks de-
preciated, with the result that in buying
war supplies the Government paid more
for them than it would have paid had it
stuck to gold. At one time it took over
two dollars in greenbacks to buy one dol
lars worth of powder bacon or corn
Since the Civil War the greenbacks have
cost heavily every year for the gold re-
serve required to keep them at par. With
this fact of the great expensiveness OF
greenbacks for war purposes staring them
in the face the Populists and some Demo
Gratis in the Senate having our Spanish
war to pay for, are trying to repeat the
disastrous greenback issue. They are
trying to make people believe that the
greenback costs nothing" whereas it is
the costliest kind of currency. Our re-
cent panic experiences are not forgotten.
-Baltim0re sam
In a speech delivered in New York, on
Thursday, by Judge NJ L. Crawford, of
Texas, a Democrat, he denounced any
compromise with free silver men and
other advocates of fiat money. ''The de-
mand for free silver" he said, did not
originate on the farm or in the workshop:
its cradle was the Comstock lode. 1t is
the offspring of greed and rapacity. 1t is
safe to say that a proposition to destroy
more than one-half of the value of the
deposits in our savings banks, squarely
submitted to a popular vote of the Amer
lean people, would not prevail in single
county in the Union, and yet the advo-
Gates of free silver practically admit that
such would be the effect of it's adoption.
Could this Government lay the hand of
despotism upon our savings banks and
take from their Golfers money enough to
pay the public debt it would be an act of
spoliation and oppression unparalleled in
the history of the world. Still, such an
act would not infict as great pecuniary
loss upon the 100000 of wage earners,
whose savings have built up and who own
the savings banks, as would the free
coinage of silver at 16 to /.
There can be no doubt but that the
rank and file of the free silver advocates,
who have been educated into this belief
by the party leaders, are honest in their
convictions, but it takes large stock of
human credulity to make us believe that
the leaders, when they set at defiance the
experience of this and all other countries
where the experiment has been tried, are
themselves sincere. What they fail to
gather from the experience of all nations
they attempt to supply by organization
and persistency. We have yielded too
much already. There must be no more
compromises. The Government has lost
more money in the purchase of the un
coined silver in the Treasury than would
have built and paid for twenty first class
battle ships
''While the shouts of Admiral Dewey's
heroic crew are going up from Manila, an
nouncing glorious victory for the Amer
lean fleet and proclaiming change in the
map of the world, the demand comes from
the free silverites in Congress to coin the
seigniorage and issue one hundred and
fifty millions in Treasury notes. 1t is to
be hoped that no such measure will pre-
vail We have more than enough demand
obligations outstanding against the Gov
eminent. We don't want to fight this
war with fiat money. We have got the
gold right here in the hands of our own
people to maintain our armies in the field
and our ships afloat. Our people have
the patriotism to hand over to the Govern
ment gold enough to meet its every want. "
PHILADELPHIA HORSE SHOW AT WIS