Jasper County Democrat, Volume 2, Number 28, Rensselaer, Jasper County, 21 October 1899 — THE PEOPLE'S MONEY [ARTICLE+ILLUSTRATION]

THE PEOPLE'S MONEY

“Money Is C Republicans claim that a sign of prafc|] perity exists in the fact tEat “money I*l cheip.” They mean by this that cfata can get all the money be wants at 4 to 5 per cent, interest if the proper | collateral is given. But how mpny ar* f there compared with the total I citizenship who can furnish tha*iiece*i If sary collateral? The “ch: ap money” will not comeottl;! of the bank unless the security is sup- | plied. Real estate under the gold J standard has fallen in value from ISO to 75 per cent. In fact, every form Of property, except money and bonds, which bring a fixed income in money, lias fallen in value because the measure 3 of value, gold, has appreciated. Theres J fore, If the average worker on a salary or owning depreciated property, If he wants to borrow must do so on personal - property of from 5 to 10 per cent, interests month. But, even if’tha average man could borrow* this money at 5 per cent, a year he could not invest it in property, undfer the gold standard, so as to make a prof- I it over the interest. Therefore, piles up in the banks—becomes cheap*, and Ike most “cheap” things Is useless for the general good ; But, in reality, money is not cheap. *The ; i|se pf : moi)#T is cheap because there is nothing ,4hat will pay as nn investment, but th* money itself is dear—dearer every day. Try to purchase sl,ood> %itli a city lot. The result will bo the discovery of the fact that land is cheap, but that money is exceedingly dear. 'This U the kind of prosperity the Republicans prat* | about.— Chicago Democrat.

From “Coin to Gold.” The favorite proposition just now of g the money trust is that Congress as 1 soon as it assembles shall enact a law— | an irrevocable contract—that £he mon- . ey standard of the United States shall be gold. This looks like a very innocent proposition—a sort of stuixfp speech in a law—but it goes much farther. It proposes to change the contract of a thousand million of outstanding United States bonds from “coin” to “gpld” for no practical pujrpose of jgftVr i ernuieut but to advantage the inojfiesjj tpiis-t. Supplemented with this prppor skion Is the policy openly advocated by the leaders of the Republican party to withdraw the greenbacks ffonfit lotion—to substitute for a non-latc&st ; bearing debt an interest bearing debt 1 . It implies a monopoly of the ptfpef money supply of the government in ths national banks— a money trust, in fact, that will regu'ate the supply, and therefore the price of money. These are the money issues of the future. The people will not be fooled and intimidated by trusts, as they were in 1890. Theif eyes are open.— Pittsburg Post.

What I’aokera Want. The financial legislation desired by the money power in this country, arid which will be made effective by the next Congress, is pointed out in the following resolution adopted by the National Bankers’ Association just adjourned at Cleveland. Ohio: „ t “The lumbers of the United States most earnestly recommend that. the Congress of the Unite*] States, at Ra next session, enact a law toiinore flrritly and unequivocally establish the gold standard in the country by providing that the gold dollar, which, under existing law, is the unit of value, shall be the standard and measure of all values in the United States; that all tbj# obligations of the government and all paper money, Including the circulating notes of national banks, shall be redeemed in gold coin, and that the legal tender notes of the United States, when paid Into the treasury, shall not be reissued except upon the deposit Of an equivalent amount of [■ Follow .ns tlie Example of Necessity, A dispatch from Manila states that the Filipino government has issued piper money to the amount of $3,000,000. They are not the first fighters for liberty and independence who had to resort to t h ate Ox nedle nt. The American “insurgents'”— 1770 1782- we re obliged: to issue paper money, time after Until depreciation of value made it almost wor hit ss.—Los Angel s Herald. “*— ■ - iSS