Jasper Republican, Volume 2, Number 13, Rensselaer, Jasper County, 10 December 1875 — Gold Goes Where It Is Desired. [ARTICLE]
Gold Goes Where It Is Desired.
The wild-cat inflation organ, which believes only in irredeemable, fluctuating, depreciated scrip for money, says: The proposition that an Increased supply (of gold) would come to the nation merely because more would be needed is as absurd as would be the declaration that the individual has only to desire gold to possess a sufficiency of it The idea that “ wherever the gold is needed there will the gold speedily and directly find its way” is eminently worthy the ignorance and innocence of the dark •ges. Notwithstanding these dogmatic assertions, it is a fact that gold does flow where it is desired, and that where it is needed gold speedily finds its way. When it is not desired it never circulates, but stays away. What people do not desire in the way of any particular kind of property or goods is not thrust upon them in defiance of their wish. In order to possess gold or any other valuable object, the first thing necessary is to desiri to have it When the people detire to have gold in circulation as money they will speedily find a way to obtain it. A country which produces from its mines from eighty to a hundred millions a year of gold and silver can surely keep some of it if it desires to, and more especially when the same country produces from three to four hundred millions of surplus cotton, breadstuffs and petroleum for annual exportation, and has the power to fabricate and export other hundreds of millions’ worth of manufactures whenever the people choose to adopt a fiscal system that removes the barriers and obstructions thereto. The banks of the United States can import a hundred millions of gold whenever they see fft to export one-quarter of the bonds in their possession. There are ways and means in. abundance in this country for obtaining all the coin needed to support resumption whenever the people desire the gold and conclude to resume, and he that denies it shows that he is too stupid to comprehend what he is talking about.— Chicago Tribune.
