People's Pilot, Volume 3, Number 12, Rensselaer, Jasper County, 8 September 1893 — Page 4 Advertisements Column 2 [ADVERTISEMENT]
After congress demonetises silver let it pass an act exempt' ing all millionaires' protjerty from taxation, reestablish the old law of hnpnsonaiont for debt, then will its wickedness be ■ complete and "the people ever I lastingly be damned.” t About all that Is developed by •the discussion of the ItioA is that the great industrial I army of worst's is behind the, free silver men. and the money !pirates of America and England ’.arc behind the anti-silver i And that ought *to wellie it. Il is a favorite cry of those ■ who oppose an increase in the ' ’Volume of money, that there is ; just as much money in the conn-1 try now as there ever Was. ! Well, suppose ih*t Vo be true, 1 can sixty-five millions of people) do business on the same amounts of money that half that number can?
The Vi lobe-Democrat says. "We are largely exporting silver and importing gold/' tn other words we MY Selling a product which WC hftXm wilfully made cheaper and buying a product which wo have made jdear. Any kind of a ninny can ’see the folly of it, but the G-D. calls that skilful financiering.
If congress relieves the people at all it will be by legislation placing 'more money in circulation. If this is done, when the people begin to feel the effects of better times, they win remember that t his was the stone Which the populists offered, which the builders rejected, and which is now "become the head of the corner.” See'? The Philadelphia Evening Item sums the financial problem up very briefly. It says: "Let us have lots of money in circulation, no matter what kind, so that the government is back of it. Plenty of money means general prosperity.” If it had only added, “without the intervention of banks,” it would have been square on the Populist platform.
The vote in the house last week showed that the Republicans lacked only 20 of being unanimously with Cleveland, while 97 Democrats voted square against him. In the senate, Hill, Vance, Vest and Cockerell, the great Democratic lights of that body, are anti-Cleveland, while Sherman, Aldrich, Allison and their like are, with Dan Voorhees, the administration’s right hand men. It is now apparent to the whole country that it will be an easy matter for the Democrats to repeal the Sherman law by the enactment of such silver legislation as is suggested in the Democratic platform adopted at Chicago. It is the effort to dodge the pledges there made that causes the present delay. In the meantime the people will not forget that the whole responsibility rests with the Democratic party.
The Republicans in congress want it understood that they are in favor of both gold and silver as money but under an international agreement. We would suggest to them that they get up a bill providing for free coinage. with a tariff clause in it. Said clause providing for a tariff which shall at all times equal the difference, in bullion value, between a gold and a silver dollar. Such a clause might bring John Bull to terms. For the last thirty years an ounce of silver has about equaled in value one bushel of wheat in the New York market. It has maintained the same relative value when corn posed with other staple articles. Twenty years ago an ounce of gold bought sixteen bushels of vzheat. Now it will buy more than thirty bushels, or about double the amount of any other article of daily consumption. This being the case, has silver depreciated or has gold appreciated in value.
