The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1891-09-23

knew it. We have 1t from his own pen
that the president of the United States,
who signed the act, did not know that
it contained such q provision. Let
those who doubt this read the denials
of Senator Thurman. Representative
Garfield and others from this state, and
the denials of such senators as Blaine,
Conkling, Allison, Stewart, Beck, Howe
and others, and of such representatives
from other states as Holman, Cannon,
Kelly, Randall, Burchard and others.
That the direct and necessary conse-
quence of the demonetization of silver
has been to increase the value of gold
and to depress prices is as clear as
any logical conclusion from admitted
data can be. Any one who would deny
this puts himself in an awkward posi-
ton when he claims that the restora-
ton of silver will cheaper money. If
money was not increased in value by
restricting it. it will certainly not be
1essened in value by having that re-
striction removed. But that gold has
increased relatively to commodities and
all other forms of wealth, and espe-
cially as compared with farm lands, is
admitted by all authorities. Let any
of Soetbeer, Sauerbeclz. the London
Economist or the statement just issued
from the treasury department, which
shows that a large number of leading
staple commodities, the production of
which can not have been materially
cheapened, are lower now than they
have been before during this century
lower even than in the for@ies, before
the gold discoveries in California and
Australia.
The effect of this alteration in the
money standard by fifty per cent. has
been precisely the same as if the bushel
measure, the yard-stick and the
pound weight had each been increased
by fifty per cent, and that by these
| altered measures annual products were
distributed and the payment of debt:
required. Would anybody but the di
rect benefciaries of the fraud attemp
| to defend such an alteration of weight.
and measures? No more justifable i
an increase in the money standard
which affects all weights and all meas
ures.
Finally, under existing conditions
with gold production constantly grow
ing less, while its use in the arts AM
dentistry increases and population an,
wealth increases, and the gold STANDARD
is extended over more and more eoun
tries, there is no other possible resul
but continued increase in the value O
gold
Judge West repeats the prattle abou
an eighty-cent dollar. What is dollar
If the weight of the gold dollar should b
doubled it would still be, according
the reasoning of the advocates of gol6
the honest dollar. A cent is the hui
dredth part of dollar, and if the do
lar has been increased in weight or i
value otherwise, so has the cent bee
increased The gold dollar has bee
increased in value. The silver dol1s
has been increased in value. The ST
yer dollar, with commodities general,
has not decreased in value. Would ths
, be an honest yard-stick that was col
tinually being made larger? No MOI
is that honest dollar that is all the tin
/ growing dearer. The people hay
come to know it is not, and they kno
: enough not to submit longer to tt
fraud of an increasing money standar
Money supply of some kind they wi
! have, and the only honest money
that which maintains stable relation
! to commodities and preserves an eve
balance between debtor and credito
Such relations can be maintained on
by money supply proportionate to i
crease of population and wealth. SUI
supply the gold mines do not and CO
: not afford. 1t may come for mar
, years through the mines of both metal
but the world has never suffered fro
; an over supply for money purposes
: either or both of these metals, but ci
! ilizs.tion has been more than once we
: nigh wrecked through the scarcity
! the precious metals fer money suppl
: A. J. WARNER.