Jasper County Democrat, Volume 2, Number 27, Rensselaer, Jasper County, 14 October 1899 — THE PEOPLE'S MONEY [ARTICLE+ILLUSTRATION]

THE PEOPLE'S MONEY

An Unanswerable Pamphlet. In all the literature of the crime of 1873, nothing is worth as much as Bronson C. Keeler’s pamphlet, fixing, as It does, the fact that a United States Senator, John Sherman, in acting as Rothschild’s agent In perpetrating the crime, used tactics such as put him ou a level with a three-card monte dealer. I have been trying {0 gather physical strength enough and to get time enough to "point out that pretended silver papers are telling us that the tariff is the mother of the trusts! Why, then, did we not have trusts before complete demonetization and in the long life of tariffs that is behind us? Those papers want to keep us from attacking the real enemy. World prices depend on the amount of gold and silver coin in circulation. Mr. Keeler has stated the question so clearly that I will not repeat It. I will, however, as many times before, quote Gouge, who in 1835 said, in substance, “Remove the cause; don’t fight effects." Trusts are not alone business affairs; they are a political conspiracy for disfranchising the farmer. The manufacturer was one of the first and greatest sufferers from demonetization. He should and did naturally oppose it. But the Rothschild ring said, “Do as we do; combine and rob.” Now this is the situation: The factory owners must get in a trust and “hold up” the consumers, and vote the Republican (un-Republican) ticket. The laborers, by working for and voting with the trusts, get rid of their crown of thorns s-nd crucifixion. (Those thrown out by consolidation get in the road, fall from car trucks and are run over or die of hunger and exposure.) Large sales and wide distributions of trust stocks bring in more voters from selfinterest. The farmer must raise and sell twice as much as before to pay the high prices, and the railroads charge him the same rates per hundred or ton, and so we have “largely increased railroad earnings,” a sign of “prosperity.”

as the German farmer on the Rhine, who has a picture of the noble, the soldier and all the other “six conditions” living on him, and says, “Now, God, have mercy on me if I must support these six,” so may our farmers say. In Washington’s farewell address he warned against party slavery, but though common sense alone would drive every farmer out of the un-Re-publiean trust-making party, party slavery will keep some of them In. Trusts will raise the prices of everything the farmer buys, and demonetization leaner the price of everything he soils. Every railroad employe, every trust-factory employe, all the bankslave merchants, all the trust-stock owners will vote the un-Uepublican ticket. But the farmers could down them all if they would unite. “Unite or Die” our revolutionary fathers chose for their motto. The un-Republlcan party in its platforms declnres against trusts. It is also in favor of remonetizing silver. McKinley was elected on the latter platform. Unanswerable Mr. Keeler has only one vote. —George Wilson.

“Value” Of Monex. The lawful debt paying value of coined money always has and always will have a powerful effect, intending ♦o maintain the approximate equality, but never can maintain the precise equality in the exchangeable value of money, made of gold or silver, when put under the hammer test or in the melting pot. The existing commercial value of these two metals is now very far from being a fair test of the proper coinage ratio, while in 1792 it was a fair test This is mainly on account of silver hnviug been so extensively outlawed by so large a portion of the commercial world for the past twenty-five years. The assertion so frequently made that silver has fallen In exchangeable value, when compared with gold, on account of the relative annual overproduction of silver. Is false, as can be readily seen by a reference to the official and universally accepted statistics of the relative production of these metals in the world during the past 100 years.

Many of the commercial nation of the world would, in all probability, soon follow our example, und the wide and mischievous chasms now separating the two metals would be bridged by our financial leadership. Some difference will always exist, ns the history of coinage has always shown, but It will not be so mischievous as to cause a disastrous fall in prices as our present system has done.

It is a mathematical question concerning which there can be no fair dispute. The comparatively great stability In the relative exchangeable value of our coined money from 1792 to 1874, was secured simply because the United States permitted this legal tender value to remain as a sacred and potent regulator, given to us by our forefathers, and happily we also had the co-operation of almost the entire commercial world, as our mints, as well as theirs, were open to the coinage of both metals on equal terms. When Congress commenced to tamper with this full legal tender function of silver In 1573, by making the gold dollar alone “the unit of value” and stopped the further coinage of full legal tender silver, and on June 22. 1874, demonetized all of our existing full-weight silver coins as debt payers, except to tbe extent of $5, the mischief wob then commenced, and has never been entirely corrected.—John 4- Grier. ,