The Caucasian. (Clinton, N.C.) 188?-1913, 1901-05-16

AND TIMES CHANGE AND MEN
CHANGE WITH THEM"
The Charlotte Observer in a recent
issue prints clipping from THE eau
CAsIAS and comments upon the same
a. follows
Times change and men schange
with them. This significant para
graph 10 from THE CAUCASIAN. eI-
senator Marion Buffers paper:
1T 10 time for the farmer and bus
mess men TO Join hands to liberste
North Carolina from the political
domination Of such mon as Sim
mons and his machine They stand
In the way Of the industrial prog
gress OF the state"
The farmer and business men OF
North Carolina, the solid people OF
the state, should have been hand in
hand all the while, for their inter
ests are one, but 1t does not seem
80 many moons ago since THE eau
oAsIAN was teaching and preaching |
that the business man was the |
farmers sworn enemy.
The Observer Is right when it says
that times have changed, but when
IL intimates that THE CAUCASIAN
has fundamentally changed in it's po-
sition it Ia in error. THE CAUCASIAN
has simply accommodated itself to
the changed conditions which sur
round some OF the principles for
which it has always stood.
For instance, THE CAUCASIAN has
today no serious quarrel with the
man who advocates gold as the only
material out of which standard mon
ey should be made. Why? Because
THE CAUCASIAN has always contend
ed that the substance out of which
money was made was an immaterial
consideration, but that the quality of
money was regulated by its quanti-
ty and its quantity by the needs of
business and that the quantity
should he increased from time to
time in proportion to the increase of
population and business. When the
present gold standard law was enac.
ted THE CAUCASIAN opposed 1t, be-
cause at that time it seemed that
there was not enough gold in the
world to supply the quantity of le-
gal tender money which the world
needed. In short, our chief object
ion to gold as the only legal tender
money was that the quantity was not
sufficient. Since that time the great
output Of gold from the rich mines
of Alaska; and the still greater out.
put from the thousands of low grade
gold mines which 1t had not beer
profitable to work until the new con.
centration and cyanide processes were
discovered; have increased the guam
tity of gold to such an extent as tC
prevent the money famine which
would have followed the adoption OF
the gold standard with the ordinary
output Of gold. Indeed, the in
creased output of gold has been as
large, If not larger than would have
been the increase of legal tender
money by the free coinage of silver
provided the output Of gold and sill
YER had continued practically the
same rs it was in 1894, '95, and '96
While THE CAUCASIAN believes 1t i.
foolish to use so expensive a mate
rial as gold for money when every
body prefers a government paper
dollar, yet that is matter of detail
and not matter of principle. Thu
only question of principle that wa.
ever involved in the money ques
ition was the question of quantity
for, when increased to keep pace
with the growth of business and pop
,ulation, quantity regulates absolute
ly the quality of money and keep
the quality the same one year will
another. THE CAUCASIAN is no
spending its time at present in any
controversy with the men will
whom it has differed most in tn,
past on the money question, becaus,
kind Providence has opened tn,
bowels Of the earth and temporaril,
solved this question by supplying
sufficient quantity Of the yellow
metal to meet the money demand
of the world.
Again, THE CAUCASIAN has al
ways contended for an income tax
Today it has no quarrel with thos
with whom 1t has most differed il
the past on that question, because il
1895 the Democratic party was patri
otto enough to declare itself for al
income tax, and now the Republican
party, through one of its leadin,
spokesman, Gen. Grosvenor, of Ohio
has also declared itself in favor O
an income tax.
Again, THE CAUCASIAN has Away
commended for q postal telegraph ant
telephone and for postal saving
banks. While the Democratic part,
has never been wise and patriot