The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-07-21
GOLD MONKY A BURDEN.


essarily, lowers the price TO be paid fol
labor In all its forms. a. well a. reduces
the profits Of the merchant and adds 70
the final cost Of every article to the con-
sumner.
Since the sole value Of money, ~
such, is derived from its use In efFecting
the exchange Of the various articles and
products that minister to our needs, the
payment Of taxes. debts. etc.. IL becomes
matter Of first Importance TO every hon.
est interest in our whole country that
this exchange and debt-paying medium
shall he made Of the least expensive char
acter possible, consistent with entire At
ness for the work TO be performed by II,
to the end, that labor, business and in
dustry Of every kind may receive its just
reward in full, instead Of 4 part Of il being
withheld and wasted in defraying unne-
cessary expense in the employment Of a
costly medium, when cheap one would
do the work better. A paper dollar that
will do the work Of = dollar, derives no
additional value ~ money by reason Of
being made exchangeable at the win Of
the holder for . gold dollar. since the
gold money, when obtained, must DO
used for precisely the same object that
would be equally well and more conven-
iently attained by the paper. OF this
truth, no better illustration could
be given than the fact that at Ill times,
from the frst, when by order Of tho SEQ
Rotary Of the Treasury or the operation Of
law, our greenback dollars were received
for all dues TO the government, they have
been in such demand for use in paying
debts and dues as to be fully ~ efficient,
valuable and satisfactory money ~ gold,
the only condition requisite 10 sustaining
them ON at least par with gold. being
that the government that issued them
should receive them At their face value
for ell dues 10 il. Should government At
any time refuse payment 70 It in gold
and compel payment in paper money
mot redeemable in gold.) II would re-
quire the issue ii more than two thous-
and millions Of paper dollars 10 keep
them down 10 par with gold dollars.
In fact, il would be extremely difficult 10
prevent spectators from scooping them
all in and running up their price - the
price Of gold was run up by them when
government compelled payment in that.
Inview Of these facts it can he little less
than . crime against every kind Of honest
industry for our government 10 burden il
with the cost Of . hard money medium
for exchanging its effects and products,
nor II the case. except a to convenience,
altered by the substitution of = paper
currency made dependent for its value
upon its oonvertihility into hard money,
that must be provided and kept ON hand
for that purpose. Az we'll might the
farmer insist that the pillow with which he
is to turn over the soil must be made Of
gold. or At viii convertible into ono made
Of that material. in order 10 do its work
properly. All sensible. honest men would
justly regard such farmer - = fool or !
lunatic.
What the pillow Is 10 the farmer - =
medium for turning over the soil. money
is - medium in etIecting the exchanges
required in carrying forward the business
OF the country. 1t simply does the work
Of turning over; nothing more, Then Why
burden basiness with the useless and
ruino0s cost Of requiring that il shall DO
done with the terribly expensive gold
plowr