The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1891-11-26
THE VOLUME OF MONEY.

THE VOLUME OF MONEY.
The most subtle, and effective
agency by which the toiler is com
PEELED to share his earnings with the
capitalist, is the control by the latter
Of Congressional legislation govern
ing the quantity, or VOLUME OF MON
EY, and THE MANNER OF IT'S ISSUE by
Government.
1t requires but the application OF
the following simple economic law to
demonstrate how effectually such
control by capitalists, enables them
to enact tribute from all their fellow
men.
The value or purchasing power Of
money, is regulated by its VOLUME.
The GREATER the volume, the LESS
the purchasing power. The LESS the
volume, the GREATER the purchasing
power.
As an increase in the purchasing
power Of money necessarily results in
q corresponding decrease in the value
Of all kinds Of property. and in the
wages Of labor; it follows that those
whose wealth consists chiefly OF
money, (or securities payable in
money! are benefited by a policy
which contracts, or restricts the vol
ume; because such restriction in
creases the value, or purchasing
power of that in which their wealth
co nsists:) while ALL OTHER PERSONS
would be benefited by a policy which
increased it.
So MAGICAL is the operation Of this
wonderful deuteronomy, that by
simply restricting its volume, wealth
is transferred-through the accumu-
lative power of INTEREsT-from the
hands that create it, to the possession
OF those not in the remotest degree
responsible for its production. Al
potent however as are its powers for
evil when wrongly manipulated, this
ingenious device works both ways,
and to such an extent, that to in
crease its volume to twice the present
amount, would result in doubling
the actual value of every species o
property, and the wages of all labor
A farm now actually worth $4,000
would then be actually worth $40, 600
Nor would such increased value. as
!, generally supposed be an initiate,
one for the reason that values ar
not in fact inflated which are base
!, upon a medium Of exchange adequat
! in volume only to the needs Q
, society. 1t is because we are accus
> toned to values based upon RI
, stricted volume that the increase
: values seem to be inflated ones.
Nor could the increased quantit
, in any manner injuriously affect an
. Of the four functions of money.
> would still Represent value, Measur
; value, Exchange value, and Account
late value by interest. Its latte
; power only would be dilminished;-t
the inestimable benefit of all who d
, not live upon the interest of none,
As its debt paying power remains tn
. same whether the volume be great c
small, the benefits conferred upon til
, debtor-cIass by an increased suppl
are obvious.
While the extent to which the vo
ume could be advantageously il
creased is entirely conjectural,
proper monetary system demands
supply equal to the uses for it, at
rate of interest NOT EXCEEDING TIL
ANNUAL AVERAGE INCREASE I
WEALTH, --which at this time dos
; not exceed TWO PER CENT PER Al
NUN.
Let the reader who does not clearl
. endorse this view, give himself
possible,::a satisfactory reason why
people who by their laws create til
, supply of money, should limit sue
supply to an amount by which the
compel themselves to pay an unju.
rate for the use of it,
) Our laws provide for the rigid Ell
forcement of the collection of debt
, contracted among ourselves, and ais
for the collection of taxes levied III
der legal authority. These debts an
taxes are by law made payable in Il
, gal tender money. The law ais
. creates the supply Of This legal tendt
, money. But, under our present ~
; tenn, the supply, and THE MANNER o
, ITS ISSUE is such, that this publ
: medium Of exchange is obtainab
, only from private individuals, or CO
porations at excessive rates OF interes
A govern ment, the laws OF whic
make money a necessity to it's cit
i zens, should supply the demand thu