People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1892-08-19
dation the following is unrivaled.
For argument void of both face and
LOGIC 1t Is entitled to a ohro,no.

logic 1t IS entitled to a chrome:
'Before closing this article want
: to say just another word about the
real money Of the world. Real
money must always be some sub
j, stance which is the result of human
labor.
at must of necessity be some ard.
Gle which, In lis crude state, is the
product of nature, but which has
had added to it human work.
GA ton of steel rails costs TO-DAY
$50, simply because it costs about
$50 worth of human toll and materi-
ais to take the ore in its raw con.
dition as it lies untouched in the
surface Of the earth, and carry the
ore up through Il its processes until
the result is reached of ton of steel
rails"
Every school boy knows that the
commercial value of gold is not and
cannot be measured by the original
average cost because we have nc
other consistent rule to apply and the
factors Of good or i'll luck are OF
necessity excluded from the general
estimate.
Ii we were to attempt to sub-dl-
vide into days jobs the enormous
about of time and energy that have
been exhausted in the search Of gold
and then pay the bill out Of the
product it would probably not pan
out two cents per day.
Edward o. Leach, director Of the
United States mint, ought surely to
be as good authority as Mr.. Horr.
He says in the Forum for June,
1892, "Undoubtedly the cost of pro-
ducing the precious metals was
originally the basis Of their measur-
J ing value, but their continued use as
money metals for SO many centuries
has given them a value out of all
J proportion to, and having no posi-
! BILE connection with the cost of pro-
: duction except as the cost Of pro-
} duction affects the amount produo-
: ed" He then adds:
off gold is to be the sole money
of the world, not only will the ex
} tension of business and foreign in
: vestments be seriously crippled, but
: the immense fabric Of credit already
} is liable to totter. The truth is the
total supply of the precious metals is
not more than sufficient to KEEP
pace with the increase Of the modern
trade"
Now these are facts that Messrs
Reid, Horr and other newspaper
men must be familiar with. Ye
} they are in the inter est of party sue
cess and of commercial robbery
constantly and persistently denying
, them. This being the case the,
are nothing less than convicted NOR
al criminals.
u refefng to. the greenback ques
t ton, Mr.. Horn makes two admis
r sions that give away his entire argu
? ment and turn his part of the dis
cussion into a barren plea for un
7 necessary bondage to the world
shylocks. He admits that the issu
2 of greenbacks was all right, in
$ time of national 'life and death,
| and that the Supreme Court has de
cided that such an issue OF govern
g ment promises is legal and tn
bills may be legally retained in cir
culation at the present time"
Many of US, and the number i
$ fast increasing, think we have again
t reached like emergency, and tina
the issue is "life and death struggl
t between industrial freedom and
: slavery as wide as civilization itself
Surely the recent labor upheaval
indicate this if they mean anything
We propose to administer TIN
saving remedy as a preventativ,
3 and not wait till the patient is STRUCK
, with death before resorting to simple
hygienic treatment that would hav,
saved it from sickness at the start
Mr.. Horn concludes his perform
t ance with some lofty tumbling il
the effort to climb over "that banl
Of Venice" But he does not dis
4, pose of the vital fact that for sever
] al hundred years the best money 0
2 the world was fat money, and tina
) it was good as long as the govern
: ment lasted, which was four time
longer than our government has hat
s an existence, and that it would hav
> been good at the present day ha(
q not the Corsican Jay Gould wreck
ed the Venetian dynasty in quest Q
7 golden plumber that he neve
: found.
! He also gave us a valuable sug
l gestion in the statement that tn
= government of Venice EcompelleC
some of its wealthy citizens t.
r loan money to the bank of Venice
0 and then passed law prohibitit;
the depositors from presenting thei
t certificates for payment" No doub
e the renowned shylock was one 0