The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-06-26

The National Executive Slivtr TOM. |
miisee met ia New York n the Hoffman |
hop-s D. idsy night last, and issnso Al
address IN The coun'ry In which they ssy Il
THE National Executive Silver Com
miisee desires 70 call attention 81 The
country ~ the object Lesson which H. |
being exhibited Ia the desperate struggle |
II the great financial institutions on both
sides OF the Aslsntic 10 increase the gold
reserves n avoid bankruptcy and ruin.
aud that any increase by 0ssc necessarily \
siiSninishes the reserves or the others.
Why should such condition 0f things
exist IN . time OF profound peace and \
abundant hsrvests? Why should al the
great banking institutions attribute stag |
nation and hard times 10 scarcity Of
money, while they are exerting all their I
power 10 make money scarce by adher- |
ing 90 the gold standard, when they sd- !
init that there - not enough gold tol
maintain the business or credit Of the
commercial world? For eighteen years
the basis Of credit In gold standard coun-
tries has been growing narrower - the
single standard hes been extended and
the production u gold fallen Of, while
tho structure OF credit has been growing
proportionately larger aud more In CO.
cure, until the relation OF credit to|
actual money. a. disclosed in the Bar
ings failure. on gold standard in Eng
land, has alarmed the world and started
anew the scramble for gold that threat
eus all business undertakings and stalks
as = menace to every legitimate enter
prise
The address goes on to ssy that there
lie limit TO the patience OF The People,
and that II has been reached when even
the most industrious glasses ere COM
PEELED 10 look 10 The future with appre-
|hension not nnmixed with downright
alarm; when the opportunities for max
ing livelihood are being circumscribed
enormously every wear. and when the
great masses Of society are becoming
more and more dependent upon those
who have boarded great fortunes BY rea-
son ri the advantages that the gold
standard with its memorable compliment
|of scarce money has given them.
The address concludes with this warn
ling.
III the silver Of the world and oil that
can be produced can not be restored TO
lie place - money 20 supplement gold.
and ruin are inevitable, I'M
less some other kind OF money can be
devised 10 take the place Of both. Let
the Ohio convention, representing the
gold trust, take warning that II silver
can not be remonetixed. gold will Be de-
monetized and paper substituted for
both gold and silver. The people will
not be destroyed for want Of money.
The gold trust. by rejecting one Of the
precious metals, has taught how both
may be rejected. The rsdica'issu Of the
Republics party OF Ohio for contraction
is in danger of being met BY . radicalism
for inf1siion. The time for eubterfuge
and ambiguity Of lang usge 10 past. Plat
forms intended TO deceive voters are in
sulting 70 the intelligence Of The Amer
lean people,
And Why should not gold and silver
both b abolished - the boais Of Ameri-
can currency Why b not The legal
tender treasury noto. receivable for al
debts, public aud private, ard secured
BY al Of the wealth 0fths nation - good
4 currency q gold and silver coin oT|
notes secured By gold and silver coin
alone?
The whole financial system Of the
world u based upon the interest Of the
money lender. Why should Il not be
based on the interest OF tho producer
aimee al wealth comes out Of the soil?
The People have taken the word OF
Bankers and so-calIed FiDsnciers for
centuries. and - . resnlt the Bankers
and "Financiersr have been rich IN every
generation, while the TiIlers OF the Soil
have managed TO live and rear their chill
dren, and that II about ell. But The
People ere thinking for themselves now
They ere beginning to challenge The
theories Of the Bankers and " Financiers.r
they are beginning 20 see that IL they
produce al the wealth, they, and not the
Bankers and "Financiers" ought TO have
money to lend.
They ere even beginning to see Why
hey haven't money 10 lend and why the
Bsnkers have. IL il plain enough. I'm
der the worlds system Of finance the
Producer must pay tribute to the Bank
ere or to their runner and agents, the
middle men. before they can effect ex-
changes Of their products smoog them
selves Whether the fsrmess make or
lose on their crops. the fellows Who con.
troll the currency always get their toll.
So The People are beginning to ask
"Why should We not con-
troll the currency ourselves? Why
should we not abolish the use Of . COM
modify o. the measure Of value Of ell
other commodities. and establish . me-
dunn Of exchange based on the average
annual earnings Of The People?
Il seems the producers OF silver are
growing impatient because their especial
commodity Il also measured BY gold. and
they undoubtedly mean just what they
cay when they threaten TO sgitate for
Of gold If they are not
taken into the Commodity Money Trnst
land for the issue In place Of Commodity |
Currency % paper currency. In volume
equal 10 the average earnings Of the en-
tire population. which 10 now about ESQ.,
per capita
n the silver producers ave taken into
the Trust they will be satisfied II their
II made = sfandapd for thoi