St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-02-21
dumped down in European countries, and
concludes that such all occurrence would
be great relief to both hemispheres.

TEE RESULT
would be an increase in the monetary supply
in European countries of gold that would set
the machines of industry in motion giving
the starving laborers of those countries en-
ployment and enable them to purchase our
commodities. The silver placed in circulation
mere would place us upon q sound metallic
OASIS, revive industries and put the millions
OF laboring men now out of employtnent
10 work. giving them bread. Our revenues
would Oe sweiled, although the taxes would
pe ighter per capita upon the great masses Of
tne people. because a greater number of them
would be enabled 70 pay taxes. In this way
our national deDt would soon be a thing OF
the past. 1t may be said that those owning
n4ed incomes, government bonds. state and
railroad mortgages, and others who have in
comes from these liens would not receive the
same amount cf labor, or the products of la
Dor Tor a dollar they are now receiving. but
what they lose in that regard they would gain
by sharing in the general prosperity of
the people. The money will be easily alb
sorbed by our industrial classes. The gold
certificates and silver certificates now circu-
lating side by side at par will continue 10 do
so. Should the silver certificate displace the
bank note so be il. The national debt ought
to 90, and with il. il necessary, the bank
note. Let silver and silver certificates take
the place of national bonds and bank notes.
We Will thus substitute
GOOD MONEY FOR BAD
and rid ourselves of an interest-bearing debt,
"a debt over which all this controversy en-
sues, d debt the manipulation of whicn has
cost US half "A billion dollars. 1t is at the
bottom of all our financial tricks and none
tary legerdemains, constant source OF
corrupt legislation and downright
swindlng. With this debt, and
the banks top of il out of
the way, the money OF the constitution will
return TO bless US. If the mints of the coun-
try were open TO silver the same as TO gold,
silver would not be. as il is now, subject TO
the adverse whims of the treasury officials.
VINO heretofore have tried how 10 keep IL out
Of circulation. In conclusion the report
the most important function OF
money i'm modern trade and commerce
is its legal tender power. II gold only IS
legal tender then debtors must oepenu upon
this one means of paying debts. All the
silver and other products Of Christendon g n
cept gold would not pay a dollar of debt
unless they could be exchanged for gold.
Should the world come to the gold unit as
the sole legal tender, that metal might become
valuable compared with other
commo lities, and so scarce in proportion
10 the enormous demand made upon il,
that the money barons of this and other
countries controlling a few hundred millions
OF gold might control the destinies of nations
and absolutely dominate the welfare OF man
kind. Believing thai ,ie unlimited coinage
OF silver is the logical solution OF the silver
question, and since gold and silver
seem TO have been the constitutional money
intended for the use of the states in adjust
ing their legal tender laws and for other
reasons herein stated. and yet others thar
might be urged for restoring silver 10 where
it WAS before it Was demOralized by the act
Of 1873, we recommend the passage of
House Bill No. $500, which aims az that
result.