The Jeffersonian. [volume] (Atlanta, Ga.) 1907-1917, 1910-02-24

Dear Sir:-I am in receipt of your
esteemed favor of the 14th inst. in
reply to my criticism of the position
of the Worlds Work" on the f1nan-
cial question, in which you profess to
feel Every deeply Interested. This
is gratifying, but not yet apparent in
any articles that have come under
my notice.
True, I have read in the March
of Events" some mush and milk para
graphs Ct concede that they are some
times thickened little with good
corn meal nutriment) in which the
interest" revealed seemed to me to
be chow not to do it,. I do not mean
to do you an injustice, but you GER
tainly have not reached the marrow
in the bones of the great financial
mastodon, and do not seem to want
to. I think, then, that I am fully
justified in calling your attitude one
of avoidance.
You do not challenge my histori-
cal statements, nor can you deny the
absolute accuracy of the imputations
brought against the Congress and
Executive of the United States in my
letter, to which yours of the 14th is
a reply.
The director of the United States
mint stated in his report for 1908
that "the government made, during
the year ending June 80, 1908, a
profit Of $10,341,471. This repre-
sents the difference between the cost
Of the metals and their coinage
value" Is this of no Importance?
Why should the government make
a profit" of $50 per cent. off the
American silver miner by legislative
enactment, any more than it should
make profit by the same Infamous
methods off the farmer or the plant
err? If the United States Government
makes a profit of ten million of dol
lars a. year, which is simply a plain
and unmitigated steal, off our indus
trious miners, you may be able to
compute by the rule of three, per-
haps, the profit" made by Euro
pean governments in the same easy
way, off the same class of American
workmen. For those governments
buy the silver bullion out of which
their coins are fabricated, in the
same markets and at the same price.
To look on every day without OBJ
servation or protest and see this in
famous bunco game going on, appa-
rently by collision between the diff
ferent governments, does not seem
to me to indicate a very deep interest
in "the defects of our financial sys-
tenn
Again, need only to contrast the
article in your June number "On our
Trade with the Orient" with Mr.. J.
J. Hills article in the January num-
Der on the same subject, to show to
an admiring clientele our confidence
in the discernment and disinterested-
ness of the Worlds Work" In your
article referred to-, you skipped
around the outskirts of the course
with apparent intent to dig up some
other reason than the true one for
the loss of that trade. Not one word
about the difference in exchange be-
tween the gold and the silver-using
countries, which Mr.. Hill shows
plainly to be the real cause of it's
loss, obviously brought about by the
elimination of the silver dollar by the
United States. This clear elucida-
ton is purposely, it would be an in
suit to your intelligence to say ignor-
antly, avoided in your financial arti-
cles the same as the equally certain
and inevitable outcome of the re-
covery of that trade by it's restora-
ton.
This ic n1ain1v tho on1v WOW Nv,