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THE GAZETTE: TIFTON, GA.. FRIDAOCTOBER'25, 1895.
HMj&l-k
3
ANOTHER CONVERT.
GOVERNOR ,0’FERRALL
FAVOR OF SOUND
DECIDES
MONEY.
IN
WHY PROSPERITY RETURNED.
AU the Commercial Nation* of the World
Are on a Gold Bail*—The Free Coinage
of Silver Wonld Cange Stagnation Of
Trade In the United States.
ofrect
t v
(.
Governor O’Ferrall of Viiginia adds
another namo to tho already long list,
of prominent men who have changed
their position on the silver question aft
er long and careful study. His recent
four column open letter in tho Rich
mond Dispatch will givo cold comfort
to tho "friends of silver." Wo reprint
the following extracts from it:
“I am opposed to tho free coinago of
silver in the Unitod States except
through an international agreement
with tho great commercial countries of j man’s father who
the world.
“I do not believe this country alone
can maintain a parity between gold and
silver at any fixed ratio.
“ We are strong in resources and in
all the elements that go to make a na
tion powerful, but wo are not strong
enough to live within ourselves, trade
only with ourselves, raise and manufac
ture all wo need, consume and use all wo
produce and make, import nothing, ex
port nothing and have no commercial re
lations with other countries. To deal,
then, with other countries our money
must be measured by their standard
when we are in their markets and tho
principal countries whoso markets .we
seek and with which wo must deal in
selling and buying have a gold standard.
“It may be surprising to some tc
know it, yet it is an incontrovertible
fact that gold standard countries furnish
87 per cent of tho international com
merce of tho world, and that about 94
per cent of the exports of tho United
Statos are to countries having a gold
standard, and about 80 per cent of our
imports are from countries having tho
same standard.
"Shall wo cut loose in our monetary
system from theso countries of such
commercial powor and attach ourselves
to the small and weak nationalities to
which we sell scarcely anything, and
from which our purchases aro absolute
ly insignificant?
“Thero is no country that has a dou
ble monetary standard. Wliorever there
is free silver coinage, silver monometal
lism prevails. All countries with a gold
standard utilise silver as far as it enn
be kept at a parity with gold. That is,
gold countries use both metals as mon
ey ; silver countries only silver. Tho in
dependent free coinage of silver in the
United Statos would placo her on a sil
ver standard and in direct antagonism
to the standard of the countries with
which she does nearly all of lior busi
ness.
"Will the United Statos lower her
crest, withdraw from the strong sister
hood of nations which whitens tho seas
with tho sails of commorco and unite
her monetary fortunes with tho wenk
combination whoso craft are scarcely
ever seen and whoso products and fruits
constitute so small a percontago in tho
grand total?
"Will sho contiuuo to stand with
Germany, Austria, Franco and England,
or link hor destiny with China, Japnn
and Mexico?
“These are my views, stated briofly
and concisely as possible.
"For tho reasons given I am opposed
to the doctrine of free and unlimited
silver coinago without international
agreement with tho principal commer
cial countries of tho world. Wo cannot
adopt a monotary system different from
these great nationalities and force them
to recognize it. Wo cannot float a CO
cont silver dollar as a sound dollar in
this country, much less in the markets
of Germany, Franco, Austria or Eng
land, with whom our interests aro close
ly identified. Thero aro many things
wo can do regardless of tho opinions or
wishes of other lands. Wo can amend
or change our system of government,
manage our internal affairs and enact
laws to govern our own pcoplo without
let' or hindrance from any foroign source,
but there is ono thing wo cannot do.
Wo cannot coerce other peoples and
lands to recoguizo nuy inonoy wo may
see proper to eugravo or coin as a me
dium of oxehnngo between them and us.
As well might wo attempt to change
tho laws of gravitation or moke water
run up hill.
"I am for a sound dollar, and what I
mean by a sound dollar is one that will
pass for 100 cents and bo as good as any
•N other dollar anywhere within tho limits
of th6 civilized world. Gold is that dol-
lar-now. Silver may also be if kept on
a parity with gold. But this can only
bo done by international agreement.
What I mean by a 6onnd dollar is ono
that the farmer, tho mechanic and tho la
boring man can uso with a purchasing
power of 100 cents and buy as much
with it ns any other dollar. What I
' mean by a sound dollar is ono that its
holder may lay away to buy a home, save
for a rainy day or provido for himself
in old age with absoluto certainty that
it will be as good as nuy other dollar
when lie wants to uso it. Gold is that
dollar. Silver cannot bo unless by inter
national agreement it is made equiva
lent to a gold dollar.
"I am for a sound dollar for tlntjioor
man as well asinr the rich man. I shall
never consent tff a monetary system
which will placo it in the power of the
rich man to hoard his gold and pay his
poor creditor in a depreciated dcllar.”
B*o»n«e the Drift of Fubllo Opinion !■
Oppoeed to a Silver Basis.
Secretary of the Navy Hilary A. Her
bert delivered a strong sound currency
speech at Montgomery, Ala., on Oct. 4.
He said in part:
“What our currency shall consist of
is a question to be decided on business
principles. There is a sentimental ob
jection to gold indulged in by some—
that it is the money of tho rich—but it
does not seem to mo thnt this should
have any weight because, in my opinion,
the poor man is entitled to ns good mon
ey as tho rich. Thoro is a sentimental
argument in favor of tho silver dollar
because it is said to havo been ‘the dol
lar of our fathers. ’ It does not seem to
m.o that this argument should havo any
weight, because it is not founded on fact.
"The fair presumption is that neither
I your father nor mine nor any other
died prior to 1878
lever handled enough American silver
dollars to keep him out of tho poor-
i house.-
“I know of no more effective way of
j rrippling tho south and its industries
; than for our people to clamor for tho
i payment of/ debts already contracted
and hereafter to be contracted in depre
ciated silver dollars.
irtuuntely for this country the
of tho panic of 1898 aro rapidly
passing away. Money has begun to flow
f again in its accustomed channels. Wheat
: has risen in price, cotton lias risen in
I price, iron has risen in price, industries
[ are reopening everywhere, wages are in
creasing, and all this comes from tho
| fact that tho capitalists of this country
! who are ‘shrewd, farseeing and who ■
I watch with keen eye tho doings of every
j political convention havo come to tffo
(conclusion that tho free silver sentiment
j in tho United States is not strong enough
i and not powerful enough to force this
j oouutry to a silver basis.
“Thoy understand that thero is no
free silver sentiment in tho cast, none
in Now England, none in Now York,
none in Maryland, New Jersey, Dela
ware or Pennsylvania.
"They see that Republicans and Dem
ocrats in the state of Ohio have pro
nounced against freo silver j that Re
publicans and Democrats in tho state of
Kentucky have pronounced against free
silver; that o7>ly part of tho Democrats
in tho other states of the west and south
aro for free silver, and they are confi
dent, as I am, that the peoplo of tho
United States, whatever olso may hap
pen, will in 1890 pronounce for the con
tinuance of sound money, for the parity
with gold of every dollar of silver and
of paper now afloat or to bo floated in
the Unitod StatOH. ”
JSSI
US
MenHurefl of Values.
A dollar is not a measure of length,
breadth, thickness or weight, but of
value. A measure of length, breadth
and thickness must havo standard length
in order to be a true measure. A meas
ure of weight must havo truo weight,
but when it comes to considering what
shall be tho requisite quality of a meas
ure of value tho free silvor pooplo sny
that value is of no moment, remarks
tho Mobile Register; that if it have a
certain name stamped on it and bo call
ed a trno measure of value it will bo a
true measure of valuo. This is ns absurd
as would be an attempt to call a yard
stick of 30 inches a true measure of
length, or a pound of tcuouncos weight
a trno measure of weight. The only truo
measure of valuo is a measure which
contains full value. Any other sort of a
measure which is offered as a trno meas
ure is falso and will bo rejected by tbo
pcoplo.—Floridian.
Tho Free Silver Chimera.
Tbo ridicnlons attempt of tho silver
contingent to commit the United States
to freo coinage—to tho exchange of CO
cents’ worth of silver for a dollar in gold
—rivals in its absurdity and enthusiasm
tho wildest chimera of romantic fiction.
It carries uh back to tho fond but futile
search for tho fountain of ovorlasting
youth, to tho mediaeval alchemists’
theory of tho transmutation of metnls
and to tho beautiful mythological story
of MidasTtml tho golden touch.—Phil
adelphia Record.
silver Would Iteplaco umn.
Question.—Would thero be more mon
ey in (lie country with tho free coinage
of silvor?
Answer.—There wonld at first bo very
much less, owing to tho withdrawal of
gold. After values becamo adjusted to the
silver basis silver would be coined here
as it is in Mexico. Tfiero would bo no do-
mafid for silver oil account of its coin
age, nor would it then go up in price,
bocauso silver bullion wonld bo worth
the samo after coinago os before, just
as gold is now. Mon Would sow and
reap and buy and sell ns they do now.
Whoever got a silver dollar would have
to work for it ns ho must now work.
Onr stock of money would bo less effi
cient becauso wo would not have tho
stuudard of tho leading civilized na
tions, and our money would havo its
prico in gold, fluctuating from day to
day, as is now tho case with tho money
of Mexico, Japan, China and other
countries. To understand tho result wo
have but to study the conditions found
among tho silver using nations.—R.
Weissingcr in “Whnt Is Money?"
CHEAP MONEY CHEATS LABOR.
I Experience of Tills and Ollier Countries
With Depreciated Curreucy.
j Undoubtedly thousands of wage earn
ers believe that somehow they would
be benefited by cheap money. Tho most
modern form of cheap money, as it ex
ists in their childish minds, is the 60
cent silver dollar, made of this valno by
coining it at a ratio of 10 to 1 with
gold. Such persons are cither iucapablo
of reasoning or they have never really
applied their, reasoning powers to this
question. Neither have they learned tho
lessons of history in regard to cheap
money mid wages. A pamphlet entitled
“Quality of Money and Wages” has
just been published by tbo Reform club,
which is intended to teach the lessons
of history and to facilitate clear think
ing on this important question. Its au
thor, Mr. FrankL. MoVey, first demon- 1
strates in tho simplest way that a de
preciating currency must injure tho j
wago earuer. Hero is tho way ho begins j
bis discussion:
"Tbo operators in our mills and fac- j
tories, together with those engaged ill 1
day labor of other kinds, constitute a
great creditor class. They aro creditors :
in tho sense that they advnneo labor. At
the end of a day or a week the amount
duo them for services performed is
greater than tiiat owing to any other (
class. But in tho majority of cases the. ;
| wago earner is dependent upon liis daily !
| or weekly earnings, so that tbo vital I
j question with him is as to their inline- '
: diate purchasing power.
"What a laborer really works for are j
| the things which bo consumes, Every- I
i thing that goes to mnko goods cheaper i
j tends to increase tho real as compared j
I with tho nominal wages of tho work-
j man, for ho is then getting more goods
for tho same money. On the other hand,
every tcndcrcy to xnako things dearer
tends to decreaso in a corresponding do-
greo tho real wages of tho pcoplo.
‘Wages aro high or low according to tlio
abundance of necessities, comforts or
luxuries obtainable for thorn. ’ ”
Mr. MoVoy proceeds carefully to in
quire into tho relations between money,
prices and Wages. Here is another of
his statements:
“Tho pricos of what wago earners
havo to buy respond far more promptly
to changes in tbo quality of money than
do wages—tho pricos at which labor is
sold. Hence whenever money is getting
better, though nominal wages may tend
to decrease, wage earners aro constantly
getting more goods in cxcliango for tho
money thoy actually get for thoir labor,
and whenever money is gettiug poorer,
though nominal wages may tend to in
crease, wage earners are constantly get
ting less of tho necessaries and comforts
of life in return for tho wnges thoy re
ceive. Appreciation of tho dollar in
which wages are paid and consequently
lowor prices arc therefore constantly and
cortainly to the advantage of tho wago
earner. Depreciation of tho dollar and
consequently higher prices aro always
and certainly to his damage. ”
After reaching conclusions from theo
retical reasoning ho studios tho expe
rience of most of tho leading countries
of tho world. Ho finds that not only are
wages nearly always lower in silvor
than in gold standard countries, but
that there is abundant reason why such
should uo the caso. To cite ono instance
ho shows by statistics and diagrnms
that our wago earners during our civil
war suffered a great loss in wages duo
to the'depreciation of our currency. In
1805 a day's labor purchased only four-
fifths ns much as it purchased in 1800.
Wages had risen only about 48, wliilo
prices had risen 90 per cont since 1801.
This notwithstanding that the with
drawal <of one-fourth of our host work
ers to serve ns soldiers greatly lessened
tho competition among laborers and
that both before anil since our greenback
inflation period both nominal and real
wages havo been advancing from your
to year.
Mx-. McVey closes with tho following
impartial statement.
"Tho only fair mid jnst currency to
all parties is a stable one. Under such
a Currency tho conditions of tbo future
aro moro easily ascertainable, legitimate
enterprise more confidently entered upon
and progress moro sure. Wage earners
havo uo right to agitato for an apprecia
tion of a currency. Neither havo thoy
nuy reason to submit to depreciation by
others."
C «>ttmi*o*rd M«*»l For Swine.
G. W. POWERS.
—
U. L. SUTTON.
Powers & Sutton,
—PROPRIETORS —
OF THE CITY MARKET.
-:o:-
Wc furnish the lie:
Meats,. Beef, Pork, Mutton, Pork Sausage,.
Fish Oysters, Fruits, Vegetables, Etc. We are do
ing a good business and will concinuc to GIVE SATISFACTION,
— We Deliver Anywhere in the City.
v5n2Ctf.
‘George is the Old Market Hustler.
Mateliell W. Graskins,
•Dic.u.mt l.v-
Dry-Goods, Notions, Clothing,
Hats, Shoes. Groceries, Hardware, Crockery, Woodware, Etc.
Couutr/y Proskic© Bonglit and Sold.
and
politi
irdeluss. l.mv prions, fair dealing, prompt
Pan]
Wnuliiur, TIP
ro x, c
A.
Geoi-e L. W. Davis,
Tifton,
ice hi nil timer. Onen until
Georgia.
Sundays.
1,000,00© People Wear
IW,Douglas Shoes
t HI
HAND
SEWED
PROCESS
$5.00
$4.oo
$3.50
$2.50
$2.25
For Men
BEST
IN THE
SHORTHAND.
WORLD.
$3.00 ...
$250
homusville. - Georgia.
$200
$1.75
For flors
alYut):
Book-keeping, Telegraphy, Typewriting, 1’en-
| munshlp and Arithmetic. Students assisted to
i position. No vacation. For full particular*,
f address G. \V. II. Stanly, President.
Wear W. DoubIim shoe* ntu) niivo from
fll.OO to 93.00 it pair. All NtylOH and
WKItliN. Tho ndvnnco m leather Ims IncreaiwI tho
price of other innkc*. but tho quality and prices ot
W. Ii. Douulott remain tlio mime.
Take no •ubstitutp; *eethatname and price is stamped
on aoiu. W* I*. Jlotitflu*, Brockton, Maho. Bold by
J. Z. Elliott, Sparks.
CRYSTAL LENSES
anc MAHH,
The Victoria Hotel,
J. W. G0LUCKE, MAN’G’R.
Nos. .’10-32- 34 South Pryor Street, Ifutf
lilock From Cm* Shed,
ATLANTA, - - GA.
/k UK you pilne to the Imposition? If so,
JHL stopat the Lending Hotel, where accom
modations are to lie hud for l.ooo guests per day.
The only llrst-e’.AMs Hotel in the oily charging
only $i!.oo per day.
Burglar proof safe for valuable*, ears pass the
door every live minutes for imposition Grounds.
Everv thing llrst-elass. The best hods in the
, eitv.’ The best table in the city. Telegraph or
, write ahead for accommodations. Jtcmcmber,
1 wn will treat you right, and charge you only
| 92.00 per day for hoard and lodging. Porters at
ail trains.
GEORGE W REX,
FRESCO and SIGN PAINTER,
mmMm
PADP1CK BROS., General Merchants,
Have exclusive sale of these celebrated
glasses in Tifton, (.a. From the factory
of ICellam & Moore, tlm only complete
optical plant in the‘South. Atlunta, (hi.
jyii7-(lm.
I I (i
IP
TIFTON, GA.
n
oh
A SPECIALTY.
All orders promptly attended
and satisfaction pnnrantced.
Where Silver U Well Thought or.
First Ghurch Member—What aro the
charges agin Deacon Jones?.
Second Church Member—Slandorin
tho parson. Said ho was as good ns gold.
—Harper's Bazar.
The latest oxporimonts reported on
testing tlio effect of cottonseed meal ns
n food for hogs comes from the Texas
station. Professor Soulo reports that
from a serie-* of experiments conducted
at that station tbo conclusion is reached
that cotton seed meal or hulls, oilher
raw, boiled or roasted, cannot bo fed to
hoes. Pure meal was fatal in evory caso
but one, boiled meal loss so than raw.
Various combinations of this ford with
others were tried, but fAileil to givo re
sults of valno.
PC
w
>■
.Mistaking Effect rnr cause.
The fall in tlio prico of silver is to bo
explained in tho same way as tho fall
in the prico of wheat and cotton by an
enormous increase of production. While
demonetization may have to somo ex
tent influenced tho price.ofjsilver, yet
the fall in price was the cause of de
monetization, and not its result.—R.
Weissingcr in “What Is Money?"
The reports from, these minor crops
are almost universally favorable, au-
g&riug well for u bountiful supply of
there products.
TIFTON
- * .
ifF"
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PS
12-
SALE STABLES.
TIFTON, - GEOKGIA.
0. A. WILLIAMS, Proprietor
Tin* Till &
TIPTON, Oi'’.OKGlA.
Fruits and Trees for Sale.
400 Acrorln Nursories and Orchards.
Tho lnrgcst grower of Triumph reach.
—Earliest. Yellow Pencil In the World.
WENI* fllll •!■ CATALOG OK
D. A.FULW00D,
TIFTON, GA.
to,
STATIONER,
Fine Confectionery,
Tobacco aud Cigars.
Notice!—To Let.
GEORGIA -ItKtuttKX CotNTv :
Will In* let, t«» the lowest bidder, :it the bridge
site, on the 29th day of Oetoiler, 1895,:\t 12o'clock
mum. the contract to build it bridge across Wil-
iitcoocheo creek, at what is generally known as
tin* I.nke old Ferry.
party or parties to whom the contract may be
awarded will In' remit red to give bond amt secu
rity for the faithful performance of tho contract,
also to keen bridge in good repair JCor seven years
from completion of same. 1‘l.tns and specillea-
tions t uido fulh known on day o? letting. The
btiuge to he-paid tor on completion jointly by
Entree and Berrien counties. Ami the vight to
reject anv and all bids hereby reserved,
this, Sept. 12th, \m.
»l. K. Williams^ Ch’m'n Pro Tern.,
Sit. A* Tyoaut, Clerk. Boi.nl Co. Com’w.
WANTED-AN IDEA^*
D. U., for thoir #1,800 prtio offer.