The Temple Times. (Temple, Tex.), Vol. 15, No. 40, Ed. 1 Friday, August 28, 1896 Page: 4 of 8
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An Old Land-Mark Passing Away.
On September 1st we will put on the market our entire stock of
Notions and House Furnishing Goods, to go at and below COST.
This will be the grandest assortment of Bargains ever offered the
%
people of Bell and adjoining counties.
$10,000 Worth of the Necessaries of Life
»
To be sold at less than the cost of production. For fifteen years we
have studied your wants and worked to the interest of your pocket
book as well as for our own wellfare, and no-w for the first time in our
business career we offer you what we have worked for years to obtain—
Goods at The Lowest Possible Price
that they can be bought oi the manufacturer, including our Gash Discounts Sue,
We will discontinue business on January 1st, and our entire stock of
Crockery, Glassware, China, Lamps, Tinware, Stoneware, Dry Goods and
Notions must go. No Fake this time. This is our first and last Closing-Out
Sale. Fixtures for sale and store to rent after January 1st.
GARRISON & SWINK.
THE NICKEL STORE.
N; B.—In this sale there will be no tickets made, no goods taken back or money refunded.
S T
T- ID_ CEOW.
Kntured at the Poet Office in Temple, Tex,,
Sucomt Claea mail matter,
MR. BRYAN’S CROSS OF SILVER.
Mr. Bryan will never rank as a
political economist of eminence if
his reputation is to rest upon ins
addresses during this campaign.
Some of his declarations show that
he is a veritable dreamer. At
Tivoli, N. J., on Saturday, he made
the following declaration:
We say increase the demand for
silver by legislation, and the new
demaud acting with the demand now
in existence will operate upon the
price of silver. We say that the
new demand will be sufficient to con-
sume all the silver coined at the
mints, and being sufficient, will
raise the value of silver bullion to
$1.29 throughout the world.
A statement like this is no credit
to Bryan as a reasoner, and it is in-
conceivable that many people will
be induced to believe it. He is in-
dulging theories which are not held
by the free silver men of the south.
To say that free coinage by the
Uuited States will make an ounce of
silver worth $1.29 throughout the
w >rld is certainly an astounding
theory. What does this contem-
plate? The silyer standard coun-
tries have a silver stock of over $2,-
000,000,000. The purchasing power
of this money is regulated by the
commercial value of the bullion. If
Mr. Biyan’s contention is correct
the value of this money will be
raised 88 per cent if the United
States adopt free coinage. Wouldn’t
this be crucifying mankiud, or a
Targe part of it, on a cross of silver?
Let’s see. The debts of the silver
gtaudard countries are contracted
on a silver basis. If silyer is sud-
denly increased in value it will pile
heavy burdens on more thau half
the population of the world. A
Mexican who owes 1000 Mexican
ailyer dobars will have to give al-
most twice as much of produats or
labor to pay his debt. His taxes
would also be doubled. Such would
be the case in Japan, China, India
and the Straits. With the sudden
appreciation of their silver waees
the prices would fall and over half
the population of the world would
be enslaved thereby. According to
Mr. Bryan the only advantage to be
gained by the United States would
be an expanded circulating medium,
and for this slight advantage he
would double the burdens of nearly
I, 900,000,000 inhabitants of the
sijver standard countries. If Mr.
Bryan is willing to crucify these
poor defenseless people on a cross
of silver by making their debts and
taxes twice as hard to pav, he is not
the humanitarian he is cracked up
to be. To sum it up in a nutshell,
if free coinage by the United States
raises silver to $1.29 an ounce it will
enslave the 1,000,000,000 inhabitants
of the silver standard countries; if
it does not raise the price of bullion
to that figure it will bankrupt the
United States by debasing the cur-
rency, thus precipitating the coun-
try into a yortex of repudiation.
“If,” as Mr. Bryan says, “free coin-
age makes a silver dollar equal to a
gold dollar," aud it will then “be
just as hard to get a silyer as a gold
dollar," how is this country to enjoy
any great benefit from free coinage?
If this country is to derive no unus-
ual benefit why does he wish to add
88 per cent to the debts and taxes
of the people who live in the silver
standard countries? If silyer does
not increase in price to the ruin of
these people, then the purchasing
power of our money will be debased
to the ruin ot the people ot this
country. It looks like Mr. Bryau is
making fine progress in demonstrat-
ing the weakness of his cause and
the enormity of the mistake the peo-
ple would make by electing him to
the presidency.
The above from the Galves-
ton News ot the 25th takes the
bakery for argument. The
News knows it speaks falsely
when it says the free silver
men of the south do not claim
that the rehabilitation of silver
will make an ounce worth
II. 29. The brainy editor of the
News can see but one way for
silver to be worth $1.20, that Is
by a straight pull up to that
notch. He can’t see that wbeu
silver takes the position that
belongs to it as a money metal,
gold will come off the perch,
will occupy a place right along
side the silver and the two will
constitute the measure of value.
It would have been nearer the
truth if the News had said gold
will fall 88 per cent, for the
two will meet, and as silver has
to carry with it the products of
the world, it will move a short-
er distance from its present po-
sition. The News asks:
“Wouldn’t this be crucifying
mankind on a cross of silver?”
What broad-gauged philan-
thropy! Are we. of the United
on the appreciation of gold. He
is constantly declaring that
wages are better now than when
we had cheap money. Where
is the consistency of his argu-
ment? He says such an appre-
ciation of the money of other
countries would enslave their
people, but denies that it has
produced that effect in this
country. With this Plato,like
causes produce different kinds
of effects. He says Mr. Bryan
would double the hardens of a
billion people of silver stand-
ard countries. He torgets that
the people he refers to are able
It is said that some of our
county papers have less busi-
The action of the convention
at Fort Worth will possibly be
ness and more money now than strong enough argument to
they have had in their history.
It’s really funny, how does it
happen?
convince the middle of the road
fellows that, for once since the
war, the democratic party is
oat for principle, pie or no pie.
If insurance companies did ^bo8e tbe populist party
not get in more money from the wbo wan^ ^ree 8^ver wiU yote
insured than they pay out to ^or ®ryan an(* Sewall if Wat-
them the companies would not 8011 can t 8eate^ *n 8a(*"
last a day. they are therefore .What they want they
preaching gold standard not caQ,t «et lowing Cyclone
for the benefit of the insured,
but for their own sweet selves.
States, to become sponsors for j to take care of themselves, and
the prosperity of mankind?; that we have not been appoint-
Have we reached the Pater \ ed guardians for them. Again
familias of all Europe? If we this master of logic says if free
look to our own interests and
follow the first law of nature
we will have achieved a victory.
The same writer says: “The
debts of silver standard nations
are contracted on a silver
basis.” This country was on
a silver basis when the silver
was demonetized. The gold
has increased in value and
heavy burdens have been piled
on this nation. This is the
nation now we first propose to
relieve, and are not taking care
ot the East. What the News
claims would take place to the
Mexican oweing $1000 has
taken placed to the American
oweieg $1000. Our money has
gone up and it takes twice as
much to get the gold dollar as
it did to get the dollar in cir-
culation at the time the debt
was created. Now why don’t
the News show its milk of hu-
man kindness, that flows so
freely for Mexicans and Japs,
etc., for his own flesh and blood?
He says with the sudden ap-
preciation of their silver, wages
would fall. How does he ac-
count for onr wages going up
coinage of silver by the United
States, raises silver to $1.29 an
ounce it will enslaye 1,000,000,-
000 people, if it does not do so
it will bankrupt the United
States. Both of his proposi-
tions are false, hence he can
draw nothing but a false con-
clusion. Further he says: “If
Mr. Bryan makes a silver dollar
as good as a gold dollar it will
be as hard to get a silver dollar
as a gold dollar, how is this
country co enjoy any great
benefit from free coinage?”
That question ought to entitle
the News to a position among
the wonders of the age? If the
the increase of the volume of
money wont make it easier to
get hold of then the News is
making mucli ado abont noth-
ing, if it will, the country will
be beneritted by it to the extent
of the greater ease of acquiring
it. Silver will be as good as
gold when, by law, it will do
all that gold will do. The
News editor is suffering from
otter ignorance of every law of
reasoning as well as on the fi-
nancial question.
Portugal adopted the gold
standard abont the same time
England did and if gold stand-
ard is a blessing Portugal
should be enjoying it. She is
paying her unskilled laborers
16 to 40 cents a day, less than
half the scale of wages in
France. Germany is a gold
standard country; she pays her
unskilled labor 40 to 70 cents
a day. Franca is a limited bi-
metallic country and pays her
unskilled labor 60 to 75 cents a
day.
Spain is on a gold basis and
pays her unskilled labor 40 to
55 cents a day. .Mexico, a
Spanish province, is on a silyer
basis and pays her unskilled
labor 45 to 60 cents a day.
Where is the boon in the gold
standard?
The purchasing power of gold
alone is greater than its pur-
chasing power would be if we
had silyer to help fix the stand-
ard of values, and men who
have money, big money, are
acting on their own selfish in-
terests when they seek to keep
down the supply of money.
Dayis off after republican hash.
They prefer Watson, as any
southern man does who stops
to think, bat they want the
principle above everything, no
matter by whem it is champi-
oned.
If a thief should take a horse
and dispose of him to an hon-
est man and the owner of the
horse should find him, would
it be right for him to take
him from ■ the man who had
bought him in good faith? The
law says it is; and we believe
the law would receive the undi-
vided support, of every honest
man. Free silver, primary sil-
ver, has been stolen from the
American people and disposed
of to the advantage of money
lenders, bond holders and spec-
ulators, is it right for the
American people to claim their
own, even if it hurts the hon-
e8t(?) bond holders, money lend-
ers and speculators?
Russia is a silver standard
country, Turkey a gold stand-
ard. The former pays her
labor 50 cents to $1; the latter
pays 22 to 50 cents. Where is
the great good in gold standard?
An American laborer can get
$1.50a day inChicago and equal
ly as good labor can be had in
the South for 50 ceuts, all un-
der the gold standard. Why
is this?
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Crow, J. D. The Temple Times. (Temple, Tex.), Vol. 15, No. 40, Ed. 1 Friday, August 28, 1896, newspaper, August 28, 1896; (https://texashistory.unt.edu/ark:/67531/metapth585425/m1/4/?q=Lamar+University: accessed June 11, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Abilene Library Consortium.