Democratic Sentinel, Volume 20, Number 35, Rensselaer, Jasper County, 4 September 1896 — Carlisle’s Pointe Answered. [ARTICLE]

Carlisle’s Pointe Answered.

First. Not a free-coinage country exists in the world to-day that is not on a silver basis. It pays them best, or they would be on a gold basis, since both are free to these countries. Second. Not a gold-standard country exists in the world to-day that does not use silver as money along with gold. They have to. This proves all that the double standard advocates contend for. Third. Not a silver-standard country exists in the world to-day that uses any gold as money along with silver. They don’t need it; they can sell It at a profit to outsiders, whose people are controlled by bankers. Fourth. Not a silver-standard country exists in the world to-day that has more than one-third as much money in circulation per capita as the United States has. They have all they want, and can get more whenever they want it, as coinage is free. We can't get half enough gold, and what we do get won’t stay here. Fifth. Not a silver-standard country exists in the world to-day in which the laboring man receives fair pay for his day’s labor. There is no silver-standard country in the world in which the “laboring man” would vote to go on a gold basis; and there is no gold-standard country in the world in which the “laboring man” would not vote to go onto a double standard basis. President Diaz has just been re-elected in Mexico by an absolutely unanimous vote. If any more proof is asked for, it can be furnished in overwhelming volume. Take aw-ay the “financiers” and leave the statesmen, the people, and their property, and the whole world would be on a bimetallic basis inside of twelve months.—“T. W. II.,” in Philadelphia Item. A Warning to Wealth. There is yet in the nation plenty of ;land, plenty of labor, plenty of natural resources. There is yet in the land plenty of capital seeking investment. There is here every element of agricultural and Industrial success. With all the elements present, however, and with labor waiting, suffering, hoping, praying for relief, asking for the opportunity to earn an honest livelihood; with ambition crashed by ever-present and almost fruitless toil; with the increment of their labor going to where it is not earned; with future debt and further burdens and more fruitless toil and even starvation staring them in the face, these workers of the nation are in no mood to be cursed and reviled. They are in no mood to accept from the Atkinsons or the Pierpont Morgans the name of “fool.” It is a time for caution. There is such a thing as a struggle between interests which shall transcend the limits of election machinery.—Peoria Journal.

Crime or Blunder? Was it a crime, as often denounced? Or was It one of those blunders which, in politics, are said to be worse than crimes? No matter which, it struck down silver from its high estate as fixed by the Federal Constitution, it Impaired the obligation of every contract entered Into upon the double or alternative basis of payments, and gave gold and its masters the monopoly of our money and coinage, with incidental powers placing the Government and people at their mercy.—Col. W. C. Elam, Norfolk, Va. Country and City Papera. As a rule, the country newspapers are owned by the men who publish them. They rarely have any outside owners or bosses. It is very evident today that the bolting of the big city dailies is cutting a very small figure in the present campaign. Their caricatures ridiculing the farmer, their Remuneration of him as an “anarchist,” “damagogue,” “repudlator” and “blath-

ersklte,” have only had the effect of more solidly arraying him against the gold party and winning him over to silver. Honesdale (Pa.) Independent. President Andrews on Free Coinage. I eople would not hoard or export gold in the face of a movement to cheapen gold. It seems to me rather likely that the rehabilitation of silver by us would be the occasion of setting free vast amounts of gold now hoarded for military and other purposes. Further, there would be no influx of foreign silver. Undoubtedly free coinage by us would increase the total amount of silver produced, but the new silver could not be mined at so low a marginal cost as at present prevails. The marginal cost would be, on the contrary, Increased with the output, so that all tendency from this source to lower the gold price of silver would be negatived. The very prolific silver mines now are very few. After a possible first shock our credit would improve after free coinage. It is our present course which must speedily lower our credit. How long could a man or a firm continue to have credit who borrowed each year to pay a large portion of his running expenses? Yet on a gold basis this course is inevitable, and that is at this moment the reason why foreign lenders are shy of our securities. There must be a change if we would avoid bankruptcy. With free coinage every industry would look up, and even if we lost our gold our prosperity would invite in English capital, just as Japan’s prosperity now causes It to rush there—E. Benjamin Andrews, president of Brown Univer. slty.

Ib There Enough Silver Money? The world’s stock of money consists, approximately, of some four thousand million dollars of gold, the same amount of silver coin, and $2,500,000.000 of uncovered paper money, that is, notes without silver or gold to back them. In a word, the business of the world, taking it for granted that the precious metals are needed to make financial conditions safe and to give security to bank and treasury notes, Is being done largely on an unsound basis. The uncovered paper money of the world Is principally distributed as follows: Ru89 ia 5540,000,000 Austria 204,000,000 italy 191,000,000 South America 450,000,000 United States 450,000,000 And the rest is scattered over various countries. This looks as if the world could profitably absorb, for some years to come, the output of 166.000.000 ounces of silver now annually extracted. And, besides the needs of the paper money using countries of civilization, there is all Central Asia lacking silver money and the interior of Africa now opened up to trade and enterprise. Were there more wisdom in the management of the world’s business, not an ounce of silver would be without an immediate market at the old price of $1.29 an ounce.—The Mexican Financier. Ab to Bank Deposits and Insurance. There are probably five (perhaps more) adults who have no bank deposits, and no policies of insurance, to one who has. The classes referred to are, of course, deserving, and their interests should be guarded to the utmost extent possible without injustice to others. But If it be true that the gold standard is an appreciating one (and it is), then it is an unjust and oppressive standard, and no person, not even the widow or the orphan, is entitled to its maintenance.—The* National Bimetallist. Great things are not accomplished by idle dreams, but by years of patient and wisely directed study.