People's Pilot, Volume 3, Number 43, Rensselaer, Jasper County, 13 April 1894 — No Argument Against Bimetallism. [ARTICLE]

No Argument Against Bimetallism.

The panic may have resulted from the fear of a change in the money standard, but that is not the logical conclusion of arguments against bimetallism. It is generally urged that the use of silver as a standard with gold will result in inflation which produces an opposite result from that of a panic. If inflation is anticipated prices of staples would rise, while the panic caused a remarkable decrease in the value of everything except gold. Panics are always the result of too little currency. It is the fear of the gold standard which produced the panic. —Topeka Press.