The Caucasian. (Clinton, N.C.) 188?-1913, 1901-06-06
NOW A
GOLD BUG"
IN -SkNAfOR BUTLER A.
D0PTs HINsgLr To
ClRCuNSTANCEs
-uAarS l0rs o. uesGy.-

AZ rA>s~ 10 ess< E.~>ss q. ss-s An -
sssr~-~sss us C~sss~-~s .~--<
Hss~sA - r~->-~s r~~ o ct~~.i~st.S
Nssssa-
by John Boyle In Morning Po-a.l
Washington. May ss.-.I ana
goidbug now" ~s. ths s,artiIaw an
noapc~mcnt made by former srns-
tor Mars~n Butler to Tho Aorainx
'ss correspondent today. Hs ~Id
6 With . wink or the syv. but with
empha~is-
The former senator had Iu-a r~-
turned ffom Q busins - vixii to Bo--
Ton and the North. and len toasrhs
for Raleigh. He iook~i sI~rk snd
we'll groonsd. Md hs xss in exrvi.
lent he~iih. doing we'll and was faII
OF praise fos his native state aud the
move she has rssrniiy taken urcn
herself.
"lou So" he saId In explanation
Of his gold bug position. 81 am .
believer In :he qualitative th~usy
Of money, and 10 mAkss no srriou-
difference whether thai money a.
gold, silver or Eaprr. Jus; - long q.
~e have suficicnt money 10 con.
duct legitimate bu-innr~ without un-
due imitation. The production of
gold now, beyond all pr~vioa. out
puts Of that metal In previous his
tory, has given us money with
which 10 conduct busine~.
As q result the increa-e I'm gold
money has taken the plscr OF our
silver and grcenhAck, which VA.
Gem onetized and given NJ circul.-
tion adequate 10 our business nccis.
The present great increase la the
output Of gold had added probably
more money TO the circulating pe-
dunn than would have bcen addcd
by the free coinAge- Of silver under
normal conditions.
alt may not be long before the
gold bugs Of $50 aud 1900 b-ooms
silver bugs in the future Th.s
care nothing for gold. Whist they
want Is scarce, dear money aud gold
Is now becoming, because Of liz In
creased production, cheap money.
The more money the le-- chanc of
cJrnering IL; and for the very rc~-,n
that 1 am now satisfied with th.
quantity OF gold, the former gold
bugs will becurne silver bugs Ia sill
yer h ssArcer than gold or will want
a. d-monetize both gold and silver
and let the hanks issue ell The money
and control it, volume. wben that
time Gomez We will fight for govern
ment grcenbseks instead OF hank
iapr.
"It is possible NV 90 p,odpo.
much gold where ten years ago IL
was impossible That has b..'n
, Urought about by the inventive ge-
!. MUS Of our people. There L. no mo q
!. gold than formerly. The noun.
t4ins Of North Carolina are teeminy
q with gold, its sands glitter with
gold, and even In its fertile valley,
mother earth receives upon It's TO
!. som gold filtered down from tbs
= mountains above. This has AWAY
4 been 80, not only OF ~. C., bat Of In,
wh ,le cou try practically. Until re-
: Gently this gold has been locked uJ
e In natures embrace. The key IN,
!, been found: IL is an American In
vention. Gold nov can he minst
- at $l.00 ton by the cyanide pro
> Cess. While In New York last wcel
Senator Jone-, Of Nevada was form
!, ing twenty compsnies to mine gole
i'm the west- Ten yesn ago god,
could not be mined for Len than 81
ton.
al predict that In the next fe,
- years-say nve-the output OF goI'
mined In this country will be .
A great that it will almost be o dru
ne On the market. This h why I N
rn for the presen. . gold bug" nj
n. the Senator - he winked the othe
m eye.
ne AIR. Buffers trip 10 the North wa
for the purpose OF securing none
q for the development Of his stats. I
ie, This he nd he had teen succssfs
ot "Whst are the people down
ee the State doing!"
he He replied, 'rhey are full Of bu
I'd iness, and all that Ii needed n mo'
,ot ey TO develop our resoarcea. Tn
he they are getting. They are lar
ing npidiy. Factoeies are being 9
In nblisbed everywhere. The Soui
ck is, In fsct, supeEseding New I'm,
mi land - . manufacturing section. "
nx are learning TO use our raw materi
er. lon the ground. We are esectii
nd cottyn factories In the edge or a
: cotton fields, the lumber mill IL Il
forest, the eanDery In the tru'
patch. Heretofore we have sent ,
raw material away 90 where son
ne long headed business man had ere
Wy ted his factory on . barren rock, q,
nj, we had 10 pay the freight DO
OF ways. All this Is changing and Z
nas cry IL even now heard In the Nor
The for q reduction Of the tariff, becsu
py that section cannot produce - chez
md ly as we can. The South ID on b
n ines boom and North Carolina In
the few yean will LEAD the South"
ate .n,
'ne Mint Director Roberts bears Q
Mr.. Butl4's statement about the
o"' creased gold production. He -
mates the output for the next ~
at not less than $50, ,0O0, 900. III
year II was $7s, 900, 900.
go '"
Ior- The salary Of the postmaster