People's Pilot, Volume 6, Number 45, Rensselaer, Jasper County, 29 April 1897 — The Real Cause of Fright. [ARTICLE]

The Real Cause of Fright.

We find such loquacious philosophers as Harrison, Cleveland, Sherman and others of the intrinsic value school constantly gabbling about parity between the two metals, and asserting that the free coinage of silver would destroy parity. They do not seem to recognize the fact that by the demonetization of silver gold haß gone to a premium of one hundred per cent over silver and all other commodities. They do not condescend to tell us how they are going to regulate that party. The dislocation of the parity was all In favor of bondholders, money loaners, misers, and extortioners, who robbed the masses of the value of half their possessions. That slight divergence of parity does not wory a goldbug or any of the agents of the combine. They, parrot like, say that if any attempt to right the wrong which destroyed parity is made, gold will go to a premium, as if it was not at a premium now of more than one hundred per cent over anything else. Gold going to a premium is not what ails them. They are afraid that gold will be cheaper and the premium will be reduced. They know, and their masters know, that if silver is restored to the right of mintage and endowed with the money function equally with gold, as It was from time immemorial, gold will lose a large part of its purchasing power, and that the rascals who demonetized silver will be compelled to disgorge a small portion of the swag which they have secured by bribery and corruption. We believe that if the United States would open her mints to silver equally with gold the demand for silver would be such as to restore the parity between the two metals which existed before these intrinsic value gabblers demonetized silver at the command of the Rothschild combination. —Silver Knight-Watchman.