The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1890-08-14


broad, humanitarian ground, aud
aud Judges, and 30 conduct govern
nenI, but il has never been done 80,
H. not done 80 nOS, and can see no
evidence that u is ever likely to be
done.
Aud what are the measures sought
for by the Alliance? have watched
their development with Interest, for
they sre the very propositions |
sought for while ] was your repres.
entatiVs In the halls OF congress.
First, = greater volume Of currency
TO prevent contraction in the value
Of property and all things you have
20 sell, and To facilitate exchanges
without sarrifiee, and Ia prevent
men from paying more on their
debts than they borrowed. Men call
this branch Of the subject Iinaure.
and am glad that farmers aud Al
lance mrI and wage workers are
studying u with so much Interest.
Let no one discourage Ihrm. Mys-
teriOus though u ~, aud ,lUubly
mysterious as 10 has been represented
To Lee. there IL nothing I'm II beyond
the grasp nf respectable raparity. !
might call 10 the srieuee. or rather
the condition Of business manage
meni, which in modern society fixes
what q man shall yet foI = bushel
of wheat, or = steer, ar a horse, ~ n
days labur. IL is the science " hicli
says when you give your nuts. for u
hundred dollars whether you shall
give hundred or = hundred and
seyenty-iive bushels at wheat for IL
IL u the wonderful mechanism
81 exchanges which determines
whether your farm shall sell for two
or six thousand dollars. &c j. the
clever iiduciaTy aystRm. which can
make you well of ar poverty
stricken without virtue or n fault
of your own, aud while u barely
takes the direction Of making you
well of. IL likely Ia make somebody
well off even IL 10 should br at y0uf
expense. You know what half
busliel aud q ysTl stick measure ar,
aud you can put your wheat in one
aud stretch your cloth uI','I the
other with mathematical certainty,
but there ~ n yard stick and u
bushei measure la srhrm-s Of fin
auce more els-tir than the finest In
dia rubber ever imp DTtsl. ID, ypu
exclaim, does not n silver dollar
contain liz l-2 grains Of silver. nine
tenths fine? Does not golden en-
gle contain q certain number Of
grains Of gold. Nine parts Of which
are pure gold aud one alloy? Ges,
r.. Ia.
aud paper dollars, have another
kind oT value, which may Ice styled
their power of purchasing, and thEi
depends ON how many there are Of
them. n there were only one buud
red millions az silver dollars, aud
one hundred millions of gold coin,
and one hundred millions nG legal
tender notes, and one hundred mil
lions Uf national hank notes, ia all,
four hundred million dollars Ia cir
rulaiiOu, they could purchase far
more Of everything than 10 there
were three hundred millions nf each
In circulation. This latter IL the
kind Of value that lies At the bot
tom of all finance.
I have thus tried tn show you that
the volume OF the currency has
much TO do Ia our modern ciViliZa-
tion with your prosperity. You
may ask what should the volume
be, and ! will answer that Ia order
To keep things prosperous there
must be money enough In any
country Ia enable exchanges 10
be freely made ia Il 81 all thing
men have 10 sell. Wheat, beef,
corn, cotton, horses, cattle, lands
houses aud everything that men
wish Ia exchange. whrn it has
to he done by barter Or-Swap-
ping lt Is done with loss aud dim.
Guilty. can remember when I Vas
q boz In Illinois, when there was no
money except 3 few Spanish or Mex
lean dollars or quarters, and = little
state bank paper that Vas shaved
whenever you crossed the line OF
state. Exchanges were almost i'm
possible; YOU might trade wheat
aud cattle for store goOls at 10 or
10 cents for wheat, but you could
not get y cents bushel for 10 Ia
money. Business was paFalyzsd.
BY sacrifice of property men
.eraped together enough silver
coin to take 10 the land Ofti,-e Of the
! remembsr one ease
when q man had to raise 500 IN
futer So acres Of land permitted =
man who had that amount Of Mex
can money To 20 into his cattle
zen and pick twenty cows and calves
or 10.
In considering the question Of |
money you must always remember
me thing; money Is not value In
tself. Strip u Of the power Of buy
Dg and 10 II the most worthless OF L
III things. A man cannot eat 10, be /
'annot wear 10; neither will % carry
Inn hiiher and thither. IL 10 3 med
uni OF exchange, thst u ali. There
must be enough Of u 10 secure an
ssy exchange Of IL 81 honest eaniv-
Tents, ~ far - the value OF labor
Fhieh h the true standards con-
erned, and there must not be so
much Of u that men will refuse TO
i've their property for 20. ! believe
he only correct measure OF value n
he days labor, or the pIice Of The
lapies % food aud clothing and
nuses and lands that men need ev-
~ day. Thee shUuid measure sv-
Tything else. The eon-titutIoB l
nys euutfrrs titai erin money, 1
.guisie the Valne thereof. aud Of
reign coin, and hx the standard Of
Fights and measured. Wall
treet says congress has no rights,
Bt thsi they by their basiness
Ieth9ds nust be allowed 90 Exit.
onsress hiss never yet fully exer- Z
sed that right. Tue only honest
lie that can be made 10 guide u q
the fsir measure Of an honest {
,y's labor. snd the maxim that IN {
I exchanges there shall be fair '
IaIvaleBt There must In our civil. .
ntiou be sufficient sEFrenRy 10 IA q
iftste all exchanges without saeri- .
,e-of honest yslurs. la
There are IN the financial world
rtsin Interests whieh always strive Il
rssiues the volume 81 money % q