Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-06-04

OF man who has worked only twen-
ty days, that he has worked thirty
days would be deprecated one third
of it's face.
Gold and silver have been selected
as money metals, because the value
placed upon certain quantity, by the
government stamp, is secured by its
own intrinsic value should that stamp
be removed. In other words, the in
trinsic value of the metal is a guar
antee that the stamp of the govern
ment represents the amount of value
1t places upon it. A ufther reason
for the selection of gold and silver is
that they are stable; that their value
does not greatly fluctuale. That their
value is not absolutely stable will be
seen further on.
Each is equally recognized by the
constitution as money metal, and
both were coined and stood equal be-
fore the law down to 1878, when silver
was surreptitiously demonetiZed. We
have not far to look for the motives of
the plutocratic element of society that
engineered that nefarious piece of leg
islation. If money is a commodity
representing all labor-labor in the
abstract-and if its volume can be
contracted so that it be controlled by
a few men, it is seen at once that they
have acquired a terrible power over
society. To illustrate, money is to
commerce what blood is to the body.
If The arm can control the circulation
of the blood it can draw most of it to
itself, and make a very strong arm,
but will leave a very much enfeebled
body. 1t is by means of controlling
the circulation of the blood of COM
merce-money-that plutocrats have
waXed fat and the rest of society have
grown lean.
In 1873 the increase of silver became
so great that these plu tocrats saw that
unless it was deprived OF it's position
as a money metal their control of the
money market would be seriously in
terfered with; hence the closing of the
minis against it. Bet when the peo-
pie discovered what had been done
their clamor for the rehabilitation of
silver was so vociferous that a COM
promise was effected, and the Bland
act was passed providing for the COIN
age of limited amount of silver each
year. Even this concession to the
people proved such a thorn in their
side that when the publiean party
gained power it was swept away. The
cutlery of these men for a gold stand
ard is occssioned by their knowledge
that the volume of gold is so small
that it can be easily cornered, and that
under this condition of affairs they
can prey upon the commerce of the
country at will.
They understand that the govern
ment's stamp upon a piece of silver,
guaranteeing it to be 4l24 grains fine
makes it dollar, and that all this
talk about the eighty-five cent dollar
is rubbish. They also understand an
other thing; that the visible supply
of gold is diminishing each year, and
that, as a consequence, the value of
the gold dollar is increasing; that in
stead of the gold dollar being dollar
it represents about dollar and fifteen
cents. If the value of gold is increas
ing by reason of more being annually
used than is mined, and l borrow a
dollar to-day with which I can buy a
yard of cloth, and 1 pay that debt in
a year with a dollar that will buy "a
yard and fifth of the same cloth, it |
is plain to be seen that am robbed of
the value of fifth of yard of cloth.
This is wrong and is one of the issues
that the debtor classes are forcing up |
Oh us. We cannot longer evade it,
but must meet it whether we viii or
not.