People's Pilot, Volume 3, Number 31, Rensselaer, Jasper County, 19 January 1894 — Honest Money. [ARTICLE]

Honest Money.

“No money,” says Gov. Rickards, of Montana, “can be called honest that becomes a dishonest measure of values by appreciating its own value and correspondingly diminishing the value of that for which it is exchanged. Honest money will give to no class or section of the country undue business advantages over any other class or section, through financial manipulation. This can be accomplished by preventing inflation of the currency on the one hand, and resultant depreciation and contraction on the other hand, bringing paralysis to business and ruin to vested interests. To effect these ends, that the government may deal with absolute fairness and justice with the debtor classes, assure the prosperity of the masses, accord to capital its proper protection in the promotion of enterprises and guarantee the general welfare of the people, through a stable and enduring currency, gold and silver should be jointly used as money, and the free coinage of these metals made the permanent financial policy of the nation.”