The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-04-15
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Iue uenla vi Jne ueDIOr 40 we NOT
double the capital of the credttorp
Will q just government confiscate the
property OF one class of her citizens
that she Thereby may quadruple the
capital and income of another classp
Has not the unjust legislation of the
last twenty-five years impoverished
nine-tenths of her citizens to enrich
one tenthp If this be true. as stated.
that nine-tenths Of our people are
debtors. we have then but one-tenth
belonging to the creditor class.
"Daniel Webster said.
The freest government can not long ehdure
where the tendency OF the law Is to create
rapid accumulation Of property in the hands
of the few and to render the masses Of the
people poor and dependent.
"Mr Speaker, is not that the condi-
ton OF our country to dayP
Horace Greedy said;
We have stricken the shackes from four
million human beings, and brought all
labOrers 10 a common level; but not so
much by eeyating this former slaves as by
practically reducing the whole population,
white and black, to IL state Of serfdom.
While bousting Of our noble deeds we are
careful to conceal the ugly fact that by our
iniquitious monetary system we have prac-
tiCally naLlonalzed system Of oppression
which though more refined Is not less cruel
than the old system of chattel slavery.
ave have not only demonetized
silver, but we have continued to con-
tract the volume of paper money which
was in circulation. Notwithstanding
the wonderful expansion of business
in this country.
1.-The cry, honest money comes
with an i'll grace from the creditor
class; they, who have been the vio-
lators of contracts from 1865 until the
present time; they, who have sought
by repeated legislation to enhance the
value of their holders until, by such
legislation, one-thrd of their holdings
of today has been gotten by the con-
iiscation Of property belonging to the
debtor class.
ut is they who do not want honest
money. They know that the products
of labor are measured by the silver
standard; and yet wo find them de-
handing that labor shall give one and
one-third times the product Of her
labor to pay its obligations. In fact,
the most potent objections IN the
minds of great many to the remone-
tization OF silver are that /; is honest
money, and that should free silver be
adopted they should be compelled to
receive honest money in payment for
the obligations Of the debtor class.
"These obligations Of the debtor
class were contracted on financial
yardstick measuring SO inches. That
yardstick has been ignored and the
demand is now made for us to settle
our obligations upon q golden yard
stick measuring AZ inches. thereby in
creasing all Indebtedness 39t per cent.
There Is not 4 responsible writer.
ancient or modern, but condemns these
demands Of the creditors as unjust, In
human, and revolution in their char
acter.
LAS the resources Of the debtor
classes are their dependence to meet
their obligations, SO the resources of
q nation are the only means by which
she can meet her obligations. And as
the value of the products by which she
meets her obligations is the measure
Of the quantity Of the products. we
thereby discern the importance to the
debtor class Of n fair compensation for
the products Of their industry.
IA bushel of wheat that is worth 81
on a silver basis, is worth but 70 cents
on a gold basis. Therefore, a farmer
must give 19,393b bushels Of wheat TO
pay the debt ON a gold basis. while
10000 bushels would pay the same
debt on a silver basis.
"Onr nation has established an ar
bitrary value for all products Ia estab-
fishing gold standard. The produc-
tive industries in this country have. or
said to have, increased 500 per cent
during the last twenty-five years. But
the standard values has decreased
rather than increased during that time.
.'Do not equity and justice demand
that we shall establish rs near as pos
sible the same basis for the settlement
Of debts of our nation and people as
existed at the time Of their contracD
tionP We believe that every right
minded NAH would say yes. Let US,
then, remonetize silver and thereby