The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1891-05-02
THE MONEY SUPPLY.

Unless the question of money supply
can be settled by the next congress, it
will be a vital issue in the national
campaign in 1892, and in each subse-
quent campaign until it is settled, and
settled in favor of the masses.
The decentralization of silver at the
behest of the money power was q
crime against the people and was the
result OF a conspiracy to force silver
out of circulation, and drive the people
to gold and national banks for their
money supply. Until this great wrong
against the people is..righted the people
should resist every effort looking toward
their pacification, and stand unyielding
forstheir rights.
The monometalists inform us that
there are no new gold fields of very
great consequence to be discovered,
and urge this as a reason why gold will
no more fiuctuate in value.
Statistics tell us that during the past
500 years the worlds output of gold
has been 81, 240, 000, 900. Of this, the
United States have produced 81 ,804,-
SIG, 8
There is now in circulation in the
world, as far as known, SO, III ,000, 900,
gold coin the balance of the gold
product, to-wit, So, 529 900 900, having
gone into the arts.
The worlds product of gold in 1889
was 1921, 1872 900. OF this, fully $780,
0O0, 900 was absorbed in the arts, leav-
ing Sol, 1862 900 to be coined into
money.
The population of the principal
countries which use gold is, in round
numbers, 480, 000, 900, with an aggre-
gate that runs into the bill
lions.
Now does any sane man pretend to
say that this pitiful SCI, lG2,0 90 annual
increase of the gold output is sufficient
for the increase of trade and commerce
of 4S0, 000, 900 of peopleP VIII any
nan not interested in keeping money
scarce and dear, assert that it is even
adequate TO the growing wants and
demands of the people of the United
StatesP
If it is sufficient for the purposes of
trade and commerce, then all must
admit that the money question is set
tied, that all this clamor for more
money, that has been heard for years,
is but the chattering of idiots, the wild
raving of cranks.
But il this little annual gold output
of less than 10 cents per capita of the
gold-using population is not sufficient,
then the problem of an adequate money
supply is yet far from solution.
With silver ACKNOWLEDGEMENTS the
doors of the great bank nature has es-
tablished for the uses and benefit of
humanity closed, with the gold mines
yielding but a bagatelle of the money
demand, where are the people to look
for their money supplyP
Un~questionably to the national banks;
Institutions whose basis is upon a
public debt, which means additional
tax burthens for the people; boards of
directors who hold it in their power to
regulate the supply of currency to pro-
mote their own selfish interest instead
of those of the. masses.
Do the American people want to es-
tablish an absolute monarchy
What have they gained in dethron-
ing King George if they set up a
monied plutocracy to exercise over
them n tyranny far worse than that
they rebelled against in 1776P
Yet there must be more money.
The gold mines cannot supply it,
and unless we q have the benefit of
the silver output, where else, save
under, the national banking system, are
we to look look itP