The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1879-06-05
Minting and Standard Laws.
editor Redwood Gazette:


Editor Redwood Gazette:
June 4th, 1879.
In the minting of metal money, by
the Governments Of the world, there
is one of the mest fruitful sorces of
ROBBERY of the fruits of industry, that
was ever devised by the Unsuitable
greed and craftiness of man. The
untold suffering, the paralytic
strokes that has been endured by all
industrial pursuits, is far beyond all
comparison, and calculation. The
"Minting laws, furnish one of the
the most subtle instrumentalitics in
this regard. .'-Sully.
Upon this false this utterly rum
ous system of minting metal in
to money, and it as a universal stand
ard, rests two Of the monster
wrongs of mcdern civilization, name
ly: the specie payment banking sys-
tenn, and the comparatively modern
bonding system These two are
brothers bound together like the Sia-
mese Twins; if one is sick, the other
is i'll, if one is prosperous, the other
rejoices, if one dies the other must
give up the ghost. They are both
engaged in the work of pauperizing
the vast laboring classes of mankind.
They are both bottomed on gold, not
coin, bullion is the sole measure of
values. The entire coinage system
of the leading commercial
nations of the world, are
built upon the idea, that commerce,
which is the crown jemel, of our ma.
ter:al civilization-must not be gov.
erned by the law of supply and de.
mand, but by a law governing the
supply and demand
The single standard is now insist.
ed on. Gold and silver have form.
erly been the standard. The fog
and mysticism that have been
thrown over and around this snbject
of the mintage; by the party leaders,
and writers..on party finance, is as.
founding and very remarkable in its
pitchy darkness, exceeding that OF
Egypt.
In the language of another
''There is no subject upon which
there has been written more arrant
nonsence." 1t is asserted that God
made money, and that too of gold
and silver, hid it in the desolate
sandy wastes of the tropics, and in
the rocky Businesses of the noun
tains, remote from civilized life
where it would require great labor
to gather it, and hence it's intrinsic
value. These articles Of commerce
these two commodities by the eter
nal fitness of things, they say shall
be the standard measure of all other
commodities; they are to be the ex
act measure at all times of all val
ues, Notwithstanding their constant
tiuctuation in the markets of the
world, III common With other com
modlties. 1t is absolutely astonish
ing that chrisendom to-day worship
around this heather payoda, this
monster spiracy upon toll, with de-
votedness, Characteristic only Of a
benighted idolater, who shows dowr
to wood and stone.", The object Of
minting is not simply to fix the fine
ness and weight of coin, but it's val
ue and volume. De Wolf says
''rhese laws 60 further and they ART
potent instrumentalities for derang
ing prices, and the most poweriu
engine of oppression which state
can erect. Not only the quantity
and quality of these metals aro de
tremined by coinage laws, but they
lay impion hands upon the laws gov
erning values-seizing upon the
market value at some period of time
no matter what the market value
thereafter may be, the coin is helo
to the point of value thus fixed, by
the mint regulations of the world
Around this Coinage Dagon the
industrial classes, their property and
their rights must not only dance, but
keep time to the music of the gold
gambler, stock jobbers, and bank
syndicates, for whose special benefit
these mint laws are enacted. There
never has been given any good rea
son why any or two commodities
should be desi signated as the measure
of value of all other commodities
nor can there be, for it is readily
seen that there is no more reason
why gold and silver should be a lie
gal tender at fixed price, than any
other commodity,-cotton, Tobacco
wheat, beef and pork.
The same author says by such le
gal enactments not only are the nat
ural laws OF supply and demand
thereby annulled and destroyed in
such use of the metals, but an artifi
cial demand for their use IS thus ere
ated, with Milich under the natura
law governing commerce, it is fire
quently impossible to comply with
out spreading broadcast disorder
and ruin to every commercial anC
industrial interest. These two ty
rants, gold and silver, made 50 by
the avarise Of man, through the in
strumentality of the mintage and
coinage laws and regulations, is the
chief scourge in the hands of the po
litical world, bitter cup of hemlock
forced to the lips of the toiling mil
lions filling the earth with anguish
and death. Through these potent
instrumentalitics, tor unnumbered
centuries, the iron heM of gold des
potism has been firmly planted up
ON the necks and imbeded into the
living flesh of earth's toiling millions
Its coinage pathway has been through
fields OF blood, says Stephen Col