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Hie Daily Standard
Tfie Standard is published Tery
day (Sunday excepted) nd dehyers
ed by earners-
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Three mqfctfci,.; 100
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Single copy... 05
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Concord. N. 0.
CONCORD, OCT. 5, 1895.
The d.v !;et price of silver at this
time ia about 32 to 1, that is, it re
quires about 32 pounds of silver to
purchase one pound of gold. The
standard of value in thiscountry is j
gold, that 16, 25.8 grains of standard
gold, exchanging in the market for
825 grains uf standard silver, or for
the silver in two silver dollars. Now
suppose that the standard is changed
eo that 412.5 grains of standard
silver shall be the standard of
value. The first thing that would
be noticed would be the failure of
gold to be presented at the mint for
coin&gf. No one would be willing
to haye his gold coined into dollars,
if the gold to make a dollar would
purchase silver enough to make two
coined dollars. If a pound of gold
would pu.jhase thirty-two pounds
of silver, no one would be willing
to haT- it coined on the basis of 1G
r upJs of silver to one pound of
gold. There would be no gold coin
cd, except for export. The next
thing that would be observed would
be the disappearance of gold from
circulation. If the gold that is put
m a dollar should be suddenly made
equal in value to the silver put into
two silver dollars, all the gold coins
would be hoarded or thrown into the
melting pot, for conversion into
bullion with which to purchase the
cheaper silver. If a dealer had $5,
000 in gold, and they would pur
chase 10,000 in silyer, he would
melt his $5,000 in gold, if it need be
done, nd sell the bullion for $10,
o:o in silver. In that way gold
would go out of circulation, as
money to become a commodity, to
be bought and sold like other comb
rnodities. That is not all, after the
market at home had been exhausted
foreign markets would be visited,
and geld exchanged for silver, Our
country would become the dumping
.ground for all the silver in the
world, if we made the price of sil
ver h;-rQ higher than it is elsewhere.
We have about $600,000,000 of gold
In circulation, it would require only
$300,000,000, or one half of it, to
pay for silver enough to replace it
$s eual number of silver dol
lars, if it were withdrawn from cir
culation, leaving a balance in the
hands of the owners of gold of
$300,000,000, wth which to pur
chase another $600,000,000 of silver.
The result would happen that we
would have the lilyer and other
countries the gold.
We are told sometimes that law
makes money, and that if we would
adopt the silver standard that the
price of silver would go up at once
on a parity with the price of gold.
Let's see. There are in the world
about 4,000,000,000 silver dollars,
worth two billion dollars in gold.
Would our paseing a la, making
the ratio 16 to 1, haye the effect of
adding $2,000,000,000 to the value
of the silyer in circulation in the
world? Would a simple apt of this
government have he eff&Vt of 4oub
ling Me TaB of M m in
tyt t?H?s li H;.WP? not the
i&najd S tM I0 &4 thf
principle explained aboye would not
all the gold go put and kttP..C&t of
circulation ? The affairs of tbe worjei
are conducted on business principles,
and not on the theories too of ten ad
vocated by honest but misguided en
thusiasts. The peculiarity connected with
the withdrawal or god from circu
lation would be its suddenness. It
would not require one month tp do
tht work, whilst to replace it with
siiver dollars, dollar for dollar at
the rate of $50,000,000 per year, that
being thecapacity of the mint,would
require twelve years. To withdraw
the gold would mean a contraction
of the currency to the amount of
$600,000,000. Such a contraction
suddenly made, as it naturally would
be, would produce the greatest
scarcity of money ever felt by our
people, and would send prices far
below the lowest point they have
eyer reached in thi3 country. It
would bankrupt every man who was
in debt, and put such a complete
check to all improvements that even
those who might not be in debt
would be heavily pressed.
We cannot shut our eyes to the
teaching of history, and hope to es
cape the penalties for the violation
of an economic law. Under the
erroneous idsa that money can be
made by law regardless of the de
mands of trade and commerce, we
may enact laws designed to compel
the higher economic law to yield to
the fancies of men who may be im
pelled by false notions in regard to
what constitutes and makes money,
but, if we do, we will pay a heavy
penalty for our folly. The sooner
we recognize the fact that the
economic law of trade and commerce,
so far a3 it relates to monoy, will
not bend to unwise statutory law,
the better it will be tor us. No
power on earth can make men give a
100 cents for450 cents worth of any
commodity, if they are unwilling to
giye it. Savigny,
H44 v owt WV fW
AYER'S Pll LS
I would like to add my testimony to
yia$ oi, ptbeia who have used Ayer'a
i!5.tji4 to.J.!y tlyrt I hav taken them
tor manj yeaxa, always 4HElY4
ieit results from their use. Forstom
aphand liyei troubles, and for the cure
of headache caused by these derange
ments, Ayer'a Pills cannot be equaled.
When Baby was sick, we gave her Castoria.
Alien she was a Child, she criod for Castoria.
When she became Miss, she clung to Castoria.
When she had Children, she gave them Castoria,
Historians are now trying toprore
that the little village of Yaleta, Tex.,
is the oldest settlement in the
When my friends ask me what is the
best remedy for disorders of the stom
ach, liver, or bowels, my invariable
answer is, .Iyer's Pills. Taken in sea
son, they will break up a cold, prevent
Ja grippe, check fever, and regulate the
digestive organs. They are easy to
take, and are, indeed, the best all-round
family medicine I have ever known."
Mrs. May Johnson, 368 Rider Avenue,
New York City.
Highest Honors at World's Fair.
Ayer's Sarsaurilla Cures all Blood Disorders
SPECIAL TAX HDTICE.
The law of North Carolina.
See Chapter 116 Sees. 84, 35,
36 and 37 acts of 1895 requires
everv Physician, Dentist,
Lawyer and Hotel or Boarding
house keeper to pay a license
tax and take out a license,
under a penalty of thirty days
imprisonment or tine of fifty
dollars, for failure to pay the
license tax. The law further
makes it my imperative dutr
to see that the -penalty of tifty
dollars is iuforced. Very lew
have complied with the law.
Unless the parties liable to
pay this tax, come forward
promptly, I will be compelled
(unwillingly as I am) to see
that the law is inforced.
John A. Sims, Sheriff.
Sept. 26, 1895, 2vvdw
1 IhI u
The surface of a man's lungs is
estimated at 150 feet, ten times more
than the entire external surface of
Mrs. James L Gates, of Milwau
kee, owns a Bible that was brought
over in the Mayflower in 1620.
Bncklen's Arnica Salve,
The Best Salve in tlie world for
Cuts, Bruises, Sores, Ulcers, Salt
Rheum, Fever Sores, Tetterd Chappe
Hands, Chilblains, Corns and all
Skin. Eruptions, and positively cures
Piles or no pay requi-ed. It is
guaranteed to give statisf action or
monev refunded. Price 25 cents per
box, For sale at P B Fetzer's Drug
Having been duly appointed and
qualified administrator on the es
tateoi'N. G. White, deceased, all
persons holding claims against trie
said deceased are hereby notified to
T..HPTit fViAm to the undersigned
dulv authenticated on or before
September 24, 1896, or this notice
mill v nlfiorl n. ft bar to their rew
nrprv. Also all rersons owing said
deceased are notified that prompt
payment is expected.
T. J, White, Administrator,
This, Sept. 23, 1895.
el HI D ILfib
IS J UOT AS COOQ FOR ADULTS
WARRANTED. PRICE 60cts.
G4XATXA, IIX8., NOT. 16, 133;
PariMfidicl Cq., 8i.Lottia.Mo.
GenUemeh: We sold last year, 600 bottles of
GROTB'B TASTELESS CHILL TONIC and hare
bought three gross already tala year. In all our ex
perience of 14 years, ia the drug business, ha'e
nerer told an arttcle that gave such universal sat?
tactlon as your Tonlp. Yours truly, ,
For sale by all druggists.
xara wiae jDieecuea cam
bric at 8 cents, good as
Five dollar Lace Curtains
Chenille Curtains $3,00 per
Chenille Table Covers at G8
and 98 cents.
X in Turkish bath Towels
10 cents each. Bargains in
A new lot of Napkins and
Doylies will be shown Mons
Pure Aluminum Thimbles 2
Fiye hook Corset Stays 5
Water -proof Collars at 5
Side Combs 5 cents.
Bios Velyet Skirt Binding
three for 8 cents.
Whale Bone -3 cents per
N. N. N. Spool Cotton 3
Bargains in Pocket Knives,
JN'ew lot of Ladies Embroid
ered Handkerchiefs, cheap.
La Parisinne Glycerine
Soap 5 cents.
Two large cakes of soap for
White Shirts 25 cents.
The best 50 cent corset in
B A C! I