The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1885-06-04
An EYE OPENER,
Tho Single Gold Standard-A British
Scheme to Rob American Industry
The London Economist Lets the
Cat Out Of the Bag.

i
Cat Out Of the Bag.
From the Chicago Express1
Referring to the increasing purchas.
ing power Of gold, and the consequent
decline in the price Of commodities,
produced by the disuse Of silver, the
London Economist says:
Nearly every nation on the face Of
the earth ID indebted to us, and the
result Of an appreciation of gold is,
thnt We obtain . larger quantity Of
their commodities in settlement Of our
claims"
This admission on the part Of the
Economist should open the eyes OF
every farmer. laborer, and producer in
this country to the outrageous system
Of robbery to which both Republican
and Democratic leaders are guilty par
ties.
For hundred years the policy 81
England has been to keep the raw ma
terial products Of the worlds industries
% low - possible, 30 that the annual
interest incomes from debtor nations
would absorb the largest possible GUAM
tity of their commodities. To accom-
plish this most effectually, she has
sought to control the volume of every
nations money, and by controlling the
money volume she would control the
wages Of labor and the price Of COM
modities. To control and limit the
money volume, its paper must be en-
hanced to gold, and tho issue taken
cut Of the control Of the people and
the Government, and confided to faith
ful British emissaries, the national
banks.
Does any one believe that the issue
OF greenbacks was limited to $500, ,OOO,-
600 TO save any American industrial in
terest?
Does any one believe that . single
productive enterprise in this country
sought the demonstration Of silver il
1878?
Il there . farmer, laborer, single
person engaged in any useful pursuit,
who desires, or whose interests would
be promoted by, the suspension of sill
yer coinage, the demonetization of the
grocnback, or the adjustment of the
silver certificate system?
Who, then, are behind Grover Cleve-
land, Dan Manning, John Sherman,
and others, prodding them to enforce
upon the United States the English
gold-appreciating system of tho single
so-called standard?
What would be the effect Of adopting
Cleveland's anti-silver policy? It would
limit money to gold, and the value Of
labor products to English gold prices.
On the causes and effects of gold APP
preciation, We cite the following au-
thority.
Leon Fanchet SAYS:
IT all nations adopt the system Of
Great Britain, the prico OF gold would
be raised beyond measure, and wo
should see produced results lament
able enough"
n. Wolowski says:
IT, by stroke of the pen, they sup
press one Of the metals in the monetary
bervice, they double the demand for
the other. to the ruin Of all debtors
Baron Rothschild said:
"The suppression Of silver would
amount to yeritable. distinction OF
values without any compensation"
In 1873, at the October session Of the
Belgian Monetary Commission, Prof.
Laveleye plainly told that bo.;.y that
debtors, and among them the state,
had the right to pay in gold or silver,
and this right cannot be taken away
without disturbing the relation of the
debtors and creditors, ito the prejudice
Of debtors to the extent of perhaps
ope-half, certainly third"
This is the policy England is nursu-
ing with this country. She is bound
to dem0netise or suspend the coinage
Of silver III order to appreciate the
value of gold, to the end that England
may obtain O 10 ger quantity Of our
farm and other labor products in set
Element Of her claims,
/. 70 this policy tho new Democratic
standardization has committed and
bound itself and the nation.
It is q Wall street scheme, and Wall
street j. nothing more or less than En-.
glands American Stock Exchange and
Board Of Trado.
It is game TO cut the wages Of labor
still lower.
Il is . scheme to rob the farmers Of
one-half the value of their crops.
II is scheme to contiscate mortgaged
farm9 to British capitalists.
II is scheme to destroy the yaluc Of
unincumbered firms, and force owners
TO part with them at rui ons prices
rathcr than hold them at loss.
II is scheme to bring the United
States, like Ireland, India, Egypt, and
1 :. ---.-I-------. -----~--- sss---. :.
Turkey, under tho domination of En-
Rlish money lords.