The Caucasian. (Clinton, N.C.) 188?-1913, 1901-07-25

chasing power ofa dollar.
"At the pss~eos time the Rrrss
oatpat cc gold In simUi ss hsxv q
wss the total oospst OF gold Anf sii-
ver tagcther In 1895, end, tlercforc,
We have today about ths ame vol.
ume OF moozy and the coos~auea,
prosperity we would have had II s-
had von the free and unliniiei
coinage of silver In 1895. As laux
- the output Of gold coatlnues as q
10 at present the mosey question
will be quiescent. There win DO no
pani0 and no hard time~. How
ever. II the output Of gold shoaIi
greatly increase, then I would op-
pose the ffes coinage Of gold and
limit the amount coined each year
by law.
6oaA Bsss wsna nraros Moasy.
Everybody VIII admit that this
Is sound policy, for with great In
crease In the output goldbugs would
become silverbugs and would cry
for the characterization OF gold, for
what they want is . scarce money.
To sam al up, Il Is . foolish thIng
for the people to put their trust In
an accidental standard-the output
Of the mines-for their money.
The only way to have . dollay with
the same purchasing power today
and ten years from today Is to regu-
late the quantity by law. The
Peoples party Is q much opposed to
imitation ~ 1t Is TO contraction. Both
are evils. The per capita Of dollars
Is not 50 material. The important
and the only money question worth
considering is the quantity, what
ever that may be at the present time.
1t should be increased each year &c
cording to the increase In population
and business; no more and no less.
"It Is tremendously foolish for
US to use 30 expensive q metal as
either gold or silver for money when
q greenback dollar Is better and
every one would nther have IL.
But / have no quarrel with either
the gOldbug or the silverbug, 90
long as they stand with US to regu-
late the quantity according to the
needs Of the country.
"As / have said, in the next cam
paign there will be but one question
Expansion will cut no figure, for the
reason that 1t Is now firmly estab.
lished and from this time on 1t Is
only q matter Of details. No mat.
ter who is in the presidential chair,
expansion as 1t is established, will
have to be perpetuated. The great
question In the next campaign will
be the trusts and monopolies. Both
Of the old parties have denounced
trusts, but neither of them has Of:
fered . remedy. There Is but one
remedy, and that Is public owner
ship of all natual mOnopolies.
''rhe outlook ct the present time
Is that the Cleveland element will
control the next Democratic cOnven
tiOn, but whether they will have
complete control or not, it is alm0s
certain that the party will not de
clare for the only remedy for trusts
Therefore the Peoples party will g
it alone and is sure to poll NOR,
votes than it did for Weaver in 1892
Against Govsrnment OwnershiD.
"The Peoples party is not fo
government ownership of every
thing. Those who favor that pol
icy, let them be called Socialists
Nationalists, or whatever you please
are as far from the principles Of tn
Peoples party as the North pole
from the South. When the peopl
own the natural monopolies, thel
every individual will have an equa
opportunity. 1t is the trusts ant
the monopolies that destroy the op
portunities of individual effort ant
individual enterprise. We are ii
favor, not Of the government own
ing everything and all working 70
the government, but for competition
and before we can have this competi
tion it will be necessary to eliminat
the trust evil.
i "We are now In q position wher
1t Is necessary to meet steel will
steel. Greek must face Greek il
order that we may develop Q grea
race of people.
i 1.-THE Peoples party will put D
Independent ticket In the field il
the next campaign. The conditiO
is this, that even should the Pe<
ple's party become defanct, ther
would be another spring up for tn
very purpose of putting an indeper
dent ticket In the field.
'sIt Is much too early to make an
statement a. to who will head tn
Peoples party ticket. There II
many things which must be settle
upon before that can be done. How
ever, you can rest assured that th
Peoples party b united and wi
count In the next campaign. TheI
! has not been any talk regarding th
Republican probabilities, that
know of. That party is controlle
by level heads, and even shoul
they have decided upon anything
you can rest assured there win /
nothing about 1t get out. Howeve
I am Of the opinion that the leadel
8 have taken no steps toward namin
II a successor to Mr.. Mckinley.
el ''There is tremendous prospe