The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1908-04-03
Williams ia Philadelphia Ledger.

fight for righteousness that exaletl
nation The Confederate soldier
battled for the light as given by the
only source from whence it could
come, the sun OF the constitution
the Supreme Court of the United
States. Such being the case shall
demand that the Confederate soldier
be treated as the equal Of the Federal
soldiers and granted an equal pen
sion in his old age as brother who
fought for the light as he saw it and
as he was in duty bound to accept it
from it's only source the highest
| Court in the Union.
Finances.
Under our Constitution Congress
alone has the power to coin money.
shall advocate an elastic currency,
issued by the government and in
dorsed by the entire resources of
our country.
The great trouble with this ques-
ton is the tendency on the part Of
our financiers and statesmen to treat
money as commodity ard otas a
medium of exchange. The idea of
money being sold in the open market
to the highest bidder like real estate
or mules and horses is something
unique to the student of political
economy and yet this is the specta-
l. ,,,;t, ic
duced in our financial centres.
The. volume Of money cannot he
arbitrarily fixed, it's only regulator
should be the volume Of produce It.
is supposed to represent the amount
of cotton, corn and manufactured
products it is supposed to exchange
and stand as pledge for. The idea
that money should have an intrinsic
value is unsound and absolutely an
tagonistic to the object and function
of money. What we need is to go
back to first principles, to Adam
Smith, instead of relying upon men
who never see anything but a dol
lar, to make the financial policy OF
this government men who look upon
money as the only product OF the
country, we should consult men who
manage the farms, the mills and the
mines, which produce the real source
of our wealth and who believe that
monew IS stamped by the govern
ment for the purpose Of aiding them
in exchanging their products. Ther
and not until then will We have
sound financial policy. Turn the
money changers out of the temple
and place therein honest men who
produce something and the country
will be safe.
am unalterably opposed to thu
establishment Of central bank II
Washington to handle the currenc!
of our government. This is Republi
can doctrine pure and simple anc
means ultimate monarchy and tn;
centralization Of government Oul
experience with a central bank ha!
been disastrous. 1t was corrupted tc
| defeat Andrew. Jackson for presl
dent.
Thrice has it been tried, corrupt
ed and reputiated and l do not be
lieve there is Republican in con
gress who has the temerity to pro
pose it, to say nothing Of it's advo
cacy by South Carolina Democrat
The Panama Canal will soon be
completed and with it will return
the Importance and commercial ad
vantages of our ports, Charleston
Port Royal and Georgetown. shal
stand for their opening and improve
ment for I believe that our export!
Of cotton and manufactured product:
should 90 through our own ports
The day is not far distant when W.
should manufacture all the ccttoI
we produce. When it does come
these manufactured products shoult
be warehoused, sold and exported
from Charleston and our other ports
To this end the manufacturers or on
State and financiers Of our port cit
les should cooperate to make on
mills independent OF outside capital
lists. We must hasten the day Whel
the agents Of the outside world VIII
come TO our ports to buy and shli
cotton goods instead Of raw cotton
! To bring about this result we mus
have an increase in Industrial work
ers Of character. We cannot bull'
mills to stand idle for want or oper
a.irre Already our labor supply !
hclcw The demand. We cannot stag
1a,o we must go forward as othe
SITES will take our place.
The negro has been tried an
nrornl failure as an artisan. II
cannot be used in manufacturing. IN
white man must take his place. Non
Int the most narrow minded, shoT
visioned demsgogue can fail to rea