Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-10-15

In commenting on the Mills article
that appeared in the REGISTER of last
week the Republic says that GAS long
as the tariff forces US to buy gold in
Europe with our surplus, for the ben
eft of few Northeastern corpora
| tions, we are so Impoverished that no
matter how much money is put in cir
culation at home, We can get very lit
tie of it and keep none 1t all flows
to these corporations, which put their
prices up as the home supply of mon
ey is increased, while nothing that is
done by coinage legislation will affect
the price at which we have to buy gold
in Europe with our surplus " AS a
matter of fact we buy very little gold
in Europe compared with the value of
our surplus. 1t is not likely that
there is enough gold over there to
purchase our surplus for one year. AS
the Republic has conclusively shown,
our trade with Europe must necessar-
lily be an exchange of commodities,
and when that exchange is distribut-
ed by tariff legislation, the tendency
is to drive our surplus out of the Eu-
ropean market. That market will be
even tually compelled to 60 elsewhere
for its supplies, which will stimulate
production in other parts of the world
to such an extent, that when we get
back to sound commercial founda-
ton, and attempt to resume trade re
lations with the world and occupy our
old place in its marts, we may find
that other people have filled our shoes
and that the current of trade that we
forced out of its channels has made
new ones, and will not return to the
old at our bidding. But until Europe
can adjust herself to the present un-
natural condition of things, our sur
plus will go there in exchange for her
commodities and what gold she can
spare, for should the drain of gold be
too great from her money centres, the
price of exchange would be raised at
once to check it. Tariff legislation, of
the kind we now have, has two effects:
First, to dam up our surplus by pre-
venting it from going abroad; Second,
to place control of the necessaries of
life in the hands of the Northeastern
corporations. To secure their grip
and make it more enduring, it is only
necessary that they should gain entire
control of that commodity, which is so
necessary to all and by which our do
mestic commerce is carried on-money.
The one thing that has stood in the
way of this has been our silver coin
age. 1t is undoubtedly true, as the
Republic points out, that the corpora
tions will raise tho prices of their COM
modities to offset any relief that may
come to the people by increase of cir
culatiOn; but if our minis are left
open, money will flow to the people
from our mines, to meet the demand
for it, just as water seeks its level,
until these corporations are so heav
lily overloaded that they will find
themselves in the position of the spec
ulator who attempts to carry too much
wheat. The REGISTER believes that
money should come to the people
as freely as any other commodity, and
that all attempts to artiticially re-
strict its supply are as wrong as they
are when made upon any other of the
necessaries. The Democrats of Ohio
made their platform after due DELHI
Grafton. and the man VINO assists them
in their campaign ought t. stand on
every plank of it. While the tariff is
undoubtedly the leading issue, the
money question will follow along with
it as "a corollary, and the sooner this
is recognized by Democrats the better.