People's Pilot, Volume 5, Number 43, Rensselaer, Jasper County, 30 April 1896 — Page 6 Advertisements Column 1 [ADVERTISEMENT]

• Illustration from American Peoples Money. I i i Oi ! W&tw ; uif I />/' iT€®t M. m 1 1 Wk3l tSW Stell i jlgi ; JB & . Poverty: Kind sir, will you relieve me of a little of • my heavy burden? j Wealth: Not to-day, sir. not as long as I know any of , the U. S. Supreme Court. ►

Extract from American People’s Money. •In 1855 Germany demonetized gold and made silver the only legal money. Even in England numerous cabinet meetings were held to consider the advisability of doing the same thing. But it was soon learned that the gold supplies were principally surface deposits, and 1 th® yellow flood began to decrease; and the nations of Europe took the back track. Then came the large production of silver in Nevada, and the bankers said: Gold is to be the scarce metal and silver the abundant one; therefore we must remonetize gold and demonetize silver.’ ” “I am very much surprised,” said Miss Bowman. “I have read so much in the daily press in praise of gold and in denunciation of silver, that I can scarcely think it possible that only forty-five or fifty years ago the very men who are now trying to crucify silver, and drive it out of existence, were ready to make it the sole money metal of the world, and reduce gold to the position of a proscribed commodity. Are you sure of the facts?” “Perfectly sure. Iwill ask Mr. Hutchinson whether the statements I have made as to the demonetization of gold in 1850-1855 are not true?” “I believe they are,” replied Mr. Hutchinson. “And the motives were as I have given them?” “Well, Ido not care to go into those questions,” replied the banker. “You will at least admit,” said Mr. Sanders, “that the warfare upon gold at that time was because it was supposed it would be the more abundant metal.” “I suppose that can hardly be disputed,” replied Mr. Hutchinson. “Now,” said the farmer, turning to the peak nosed man, “suppose this recent story now going the rounds of the press, proved true,—that' the whole American beach es the Pacific ocean, for 5,000 miles, is largely made up of gold washings, and that gold was about to become as abundant and as cheap as copper, do you think you would still advocate gold mono-metalism?” “Not at all,” was the reply. “I would go in for silver mono-metalism.” “But suppose mountains of solid silver were discovered in Alaska, what then?” “Then I should be in favor of a limited issue of greenbacks.” “Then,” said the farmer, “your whole policy would be to make money out of something that could not be abundant.” “Exactly,” said the other, “how could I lend my money out and live on the interest of it if every man was prosperous and had his pockets full of cash. I must look out for my own interests.” “And must not the people look out for their interests?” “Certainly,” “And their interest is diametrically opposite to yours.”

Illustration from American People’s Money. ! & a 1; X & Ffl - /vJKBg^a A / /r^J/KSLP'/7» / “ xc/ Sm - I TilV J sch-: “How the American people get their ideas.” I '