People's Pilot, Volume 3, Number 33, Rensselaer, Jasper County, 2 February 1894 — SLOW MATERIALIZING. [ARTICLE]

SLOW MATERIALIZING.

The Adoption of the Gold Standard la Not Bringing Abo at the Promised Good Times. The promised good times have Genially not come. On the other hand, prices continue to fall. Wheat has gone down, cotton has gone down, and the general range of prices is lower than when the repeal bill was passed. How could it be otherwise? The pricing instrument has been changed from gold and silver to gold alone for all the western world and for all India. The money supply in India and the United States from silver mines has been shut off, leaving no scarce of money supply except the gold mines, and whether they yield more than is consumed in the arts is an open question. More than 303,003,003 peop'e have been added to the populations competing for gold. The blanket, already too small to cover j those scrambling for it. is now to be | scrambled for by a vastly larger popu- | lotion. Gold, therefore, must continue to rise, and as it rises other things must and will fall. No other result is possisible. This is the situation now. What is wanted is a broader foundation of actual money, money that needs I no redemption, and restriction of mere ' credit contrivances; in other words, ; more gold and silver to pay with, and j not more promises to pay gold. The ' appreciation of gold has been going on ever since the demonetization act of 1873. As we look back over the legislation of this period it is impossible to come to any other conclusion than that , it has been procured by a gigantic con- ; spiracy to spoliate the world by cun- I ningly devised and far reaching laws, ! which, through the prevailing igno- ■ rance on monetary matters, it has been ; possible to enact. The day will come : when the men responsible for imposing ; these conditions on the world will be regarded as the enemies of mankind, as they are. This may seem strong language, but when we look over our own fair land, and see the consequences of this monetary legislation, and observe the condition to which it has brought a large class of our people, both on the farms and in the cities, it is not an exaggerated statement. It is fast depriving our people of their independent homes and reducing them to a state of poverty and slavery unknown since the days of feudalism. It is making “tenants of our farmers and tenementhouse dwellers of our mechanics and working people.”—Topeka Press. ,