The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-05-28
THAT WISE FINANCIER.

| To the Editor CT the Eagle.
In the EAGLE of the 23d are some crit
icism on Senator PETERS PHILOSOPHY of
Money" by the EAGLE and DR.. Z. P.
Miller, of Medicine Lodge. Kan.
One would conclude from NJ. Miller's
version of the money question that him
self and very few others, compared
with the whole of the people, possess the
aggregate of all the brains and honesty
of the people of this broad land of think
ing and reading people.
We are perfectly willing to concede
that the doctor is sincere in his exposi-
ton of his theory of money, but when
he presumes to convince a reading and
thinking public of the functions of
money and that nothing save the pre-
cious metals are eligible for money, we
think he is presuming on the better
Judgment Of the people and is simply adj
vocating the Wall street theory of money
and nothing more VIII DR.. Miller say
that the congress of the United States
has not the constitutional right
to make money of gold, silver, copper,
brass, tin, iron or paper? In fact, is not
every dollar of our country dollar be
cause congress has made it so? VIII DR..
Miller undertake to affirm that the &c.,
000, 900, 900 of our country's worth has
behind it in precious money-gold and
silver, one dollar for every thousand dol
lars IN real value.
Much is said of the wildcat, hair
Drained fat money schemes. its advo-
Gates are characterized as dishonest, ire
pudiators and ignoramuses" because
they advocate the practicable principle
of money-iust in substance what the
EAGLE and DR.. Miller demonstrate every
time they transact business through
banks and checks. They ask no ques-
tons as to gold or silver. The fat Of
the bank being on their checks or drafts
make it to them good, knowing the
banks ability to meet its demand Just as
the whole people with So, 600 o00, 900 in
valuation could paw. if need be, on fat
money S25, 000, 900, 600
1t seems TO Us that somehow the idea
prevails among some that from some
mysterious cause gold and silver, and
very little, too, IS the only thing on earth
that is fl for what we call money, and
that one dollar OF it is equivalent TO one
thousand dollars Of anything else
The advocates OF a money other than
gold and silver are generally called re-
pudiators and cranks by the would-be
flnanciers OF our country, and that with
the polly OF the Alliance cranks sue
ceeding as a monetary measure the
country would 60 10 III \, though we
have as yet TO hear one word OF what
viii become of the country II very few
years If the present stagnation and &C.
preston generally continues, al Of
which had its origin in the doctrine Of a
gold basis for our circulating medium.
We believe we are safe In claiming for
the farmer as much honesty and solicit
tude for the welfare OF this country as Is /
due men Of other more noble callingz
When the hard money theory 5 prac- |
ticallv demonstrated on Or. Miller and
the EAGLE, and the goidites Of Wall
street who have dictated every monetary +
Of congress for ten years, turn
the taumbscrew down little more. Is
they ultimately will on them. they VIII (
then open their now blinded understand /
ing TO the practicability OF money b. /
that Is not gold nor silver.
We do not think because man may /
differ from Us that be Is a crank, /
nor do we believe that we can convince |
him by the common means generally /