People's Pilot, Volume 5, Number 12, Rensselaer, Jasper County, 12 September 1895 — The Gold Reserve. [ARTICLE]

The Gold Reserve.

Last week it was announced that gold was at a premium. What is the matter with gold? We are on a gold basis, and we are told that that is the only basis that can give us prosperity. We are also told that gold gives silver its value. Then if gold is ata premium, silver ought to be at a premium. but it is not. We are in this condition: Gold is all the money we have, and to get that we must pay a premium. It is a curious position for a rich country to be in in a time of peace. We have been pointing out all along the fact that the gold dollar is worth more than its face value when measured by the value of other property. This is somewhat too indefinite for everybody to grasp, however. But when we must pay paper or silver for gold, and pay more than the face value for it. everybody can comprehend that the gold dollar is worth more than 100 cents: and every time that the gold dollar goes to a premium our mortgage and other indedtedness increase. If any greater stupidity can be imagined than for men to hold to a material for our exclusive money, when money made out of that material cannot be had without paying a premium for it, we do not know what it can be. The office of money is to facilitate exchange. It is given to one man for a bushel of potatoes and by that man to another for 100 cents worth of something else. Pratically one man trades his potatoes for something else: and no monev has any legitimate place in a circulating medium if it requires more than 100 cents worth of potatoes or any other article to obtain it. A rise in the price of money means a depreciation in the value of potatoes, wheat, pork and beef. If American statesmanship is such a feeble thing that it can devise no remedy for such a condition of affairs, it is imbecile; and if it does not wish to remedy—and it does not seem to—it is vilianous. postively vtilanous. To permit a gang of financial brigands to play horse with our industries, by putting into their hands the control of ourcircu ating medium, is an act compared to which midnight burglary of a half dozen houses is respectable, eminently respectable.-Farmer's Voice. Over Twelve Hundred sets of window shades in colors, qualities and prices never before equalled. You can’t help buying after seeing them. At Frank B. Meyer's “Old Reliable” drug store.