People's Pilot, Volume 3, Number 34, Rensselaer, Jasper County, 9 February 1894 — THE MONEY STANDARD. [ARTICLE]

THE MONEY STANDARD.

Its Value Will Increase and Prices Go Down Under Monometallism. It requires no expert to see that the world's wealth will not turn out the same when measured by gold alone as when measured by the bimetallic standard of gold and silver together. As long, therefore, as the present conditions continue the value of the money standard wil increase and prices wiil go down. Under such conditions no country can prosper and industries cannot thrive. The blow falls first on agriculture and unorganized industries, but as the agricultural class becomes impoverished and are unable to buy, this condition reacts upon other industries and in the end all are leveled. It is next to impossible for a land owner who is in debt, at present prices, to save his lands, and thus it is that farmers are rapidly passing from land owners to tenant farmers. With the stagnation of business, profits decline and rents fall, and thus reacts on real estate in cities, and in many cities this has become a matter of serious consideration. The only classes that are benefited by the change in the money standard are those whose wealuh is in money or in bonds and other securities that share directly in the enchancement of money. For the benefit of this class the rest of the world is spoliated.—A. J. Warner.