People's Pilot, Volume 3, Number 16, Rensselaer, Jasper County, 6 October 1893 — THE REAL ISSUE. [ARTICLE]

THE REAL ISSUE.

Tb» Double Standard I* Necessary In Order to Give Stability to the Currency. If the matter were not so very imnoitant it would be amusing to listen to the arguinents of the gold monometallists with reference to the supply and use of silver as money. For instance, th® New York World says: “The simple stopping of silver purchases, as provided for in the Wilson bill, would 4ht in any way affect the use of silver as money. It would leave us with over 9540,000,000 in silver dollars and bullion owned by the government, and which U has authority to

1 i-1- 111 >!■<■■ I* ■ IM I coin into money. This now is, and. would continue to be, full legal tender money.” The World’s argument is another feature of the confidence game which the gold men are now seeking to perpetrate upon the people of the country. The country has no assuranca that the present administration would resume the coinage of silver if the purchasing clause of the Sherman law were unconditionally repealed. In fact, both the present and the last administration put themselves on record by ceasing the coinage of silver soma time ago and refusing to resume it But after all, it is not the question, of coining the silver bullion now in the treasury that forms the real issue before the people. The real issue is much broader, and the welfare of the whole people is dependent upon it It is the question of the free and unlimited coinage of silver, the restoration of bimetallism as a part of the financial policy, of the government Gold, of itself, does not afford a sufficient basis or volume for the business traneactlops of the country. It has constantly appreciated in value during the past twenty years. Its purchasing power has grown greater and the debtpaying value of products smaller ever since the single gold standard was adopted in 1878. The double standard is necessary in order to give stability to the currency, to afford a sufficient volume of the circulating medium to properly transact the business of the country and to prevent the constant appreciation of the unit of value that is giving the moneylending classes a merciless clutch upon the prosperity of the nation. People may laugh at what they term the wind and rhetoric of those who are warning them against the constant appreciation of the money-lending power, if they can afford to. The evidence is before them if they care to know the truth.—Denver Times.