The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-06-06
FREE AND RESTRICTED COINAGE.
SPIvEY, Kan, June 2, 1891.

SPIVEY, Kan, June =, 1881.
To the Editor of the Eagle.
see in your columns of today, Mr. E.
P. Miller, after sounding the praises of
demonitized silver from New York,
Carthage, Mo-, and othor points, has at
last got back to Madison Lodge" 1
suppose his idea is, since Jere Simpson
has made that sleepy old town famous,
anything coming from there will have
more weight with the people he wishes
to reach-''the burden hearers-the debt
payers-the common people"
He splits hairs on the question of ''free
coinage" and restricted coinage, on the
blessings of the Mckinley bill, a bill that
tells ''free" born American citizens to
buy where, and at such prices as the
claw" directs. "Free" coinage, free"
trade and ''free" men do not sound right
to his highly cultivated ear.
Again, the balance of trade" troubles
him. He seems to think that law should
regulate all things. Freedom, and
national channels are anarchy,-''smell
of the people," hence bad. Now, even
though his more than two
column article, is dated at Madison
Lodge" 1 will guarantee it does
not catch a single sucker.
He never touches the questions the peo-
pie are interested in. More money! only
this, and nothing more. People starving
do not care for disquisitions on the nutri-
tive qualities of wheat or corn bread;
they want bread.
Money has been decreased by law in
volume steadily since the war. Popula-
ton, trade and debts have increased. A
debt of 1000 contracted in 1865, due
now is equal to $1,000. Why? Because
there is only about one-fith the money in
circulation per capita there was then.
This needs no argument or citations to
establish the fact. Senator Plumb says
there is only a sixth. What people, then,
are interested in is not whether gold or
silver is the better money, but more
money.
The gold standard is argued by bond
and mortgage holders because it is con-
tinuallv getting scarcer in proportion to
population and business. The people
fight it instinctively because they realize
it makes life harder for them.
The struggle, then, is on
the one hand between the Rothschilds
and their agents in this country, on one
side. to make the paper held by them
against the people still more valuable,
and on the other hand, the people who
must pay.
The Rothschilds have have had their
way until paper worth 81 in 1865 and on
which high rate of interest has been
paid every year must now be liquidated !
of Tn Of fn~ I orr II al
hinges. If gold shall be the only legal |
tender, revolution alone can stop those
holding the bonds and mortgages from |
owning the earth. Interpreted, then, gold
shouterS mean-appreciated evidences of
enhanced values for bonds |
and mortgages, deprecated values for |
all property lin its true sense), lessened |
means of paying, lower wages, strikes, |
lockoutS, tramps, high taxes, hunger. |
Lordly millionaires on the one hand;
dangerous, disconnected |
millions on the other. Another |
turn Of the screw. domontize |
gold and make diamonds the |
legal tender" How would this do to
hasten the millennium?
| will add query. Mr.. Miller says |
gold has been intrinsically more valuable
than silver ever since the claw" demon
tized silver. Prior to that "silver was
at premium, showing that law and
Jaw alone gives gold its intrinsic val
lie. Now let us suppose that laws of all |
5he civilized nations should demonitize
both gold and silver, would Mr.. Miller be
Kind enough to give a guess as to how
much car load of either would be
worth, ''intrinsically'' or otherwise.
Again, suppose the claw says the
shall be put at say $4,000
per capita, and kept there, would not
lines be better for 62.000,000 of our
people? Would there be crises and
'queezes. and ''black Fridays" And
would it matter much what the me-
lium of exchange was so that it effected
he exchanges between the products of
abor in all its forms? And also made a
contract to pay 500 five years ahead,
800, not $1,000 nor $40.
Respectfully,
SURE ENOUGH KANsAN.