People's Pilot, Volume 6, Number 16, Rensselaer, Jasper County, 8 October 1896 — Not Enough Gold and Silver. [ARTICLE]

Not Enough Gold and Silver.

Never in the history of tho world has there been a sufficient supply of these two metals to maintain and support prices. t ln all ages, and at the present time, some nations have not. been able to procure a sufficiency of either of these two metals. They have been compelled to resort to the devices of paper issues and other forms of money; and all of them todav are compelled to resort to substitutes to a greater or less degree for the precious metals; hence it is not within the power of the legislature to inflate gold and silver money unduly, unless by debasing the coins. Nor is it within the power or the rightful power of congress by legislation to contract the volume of money as supplied by these two metals. This can be done only by the wrongful usurpation of power to demonetize one or the other of them. The coming battle—the battle of the standard—in all probability will be one of the most momentous in our history. That ultimately the people will restore silver to. its ancient place in our monetary system there can be no doubt, unless we doubt the intelligence and patriotism of our people, unless we doubt the perpetuity of our free institutions.— R. P. Bland.