The great West. [volume] (St. Paul, Minn.) 1889-18??, 1892-01-22
MONEY.
Some Sound Thoughts Built ON the
Bedrock Of Truth.

Some Sound Thoughts Built ON the
| Bedrock OF Truth.
It seems like a work of supereroga-
ton for us to say anything on this
much discussed theme of money, but
like thousands OF others we want to
put in our lip about it
We assume as approximately true
that gold dollar costs 1O0c, silver
one, say SOC. a nickle one. say zoe. and
a paper dollar say &C. and each kind il
a dollar. the Sc dollar is worth just as
much for the practical uses of money
as the gold dollar What then. is the
differenceP One buys just as much Of
anything as either of the others. The
3cpaper dollar is as readily received as
the gold dollar. To business men one
is just as valuable as the other. but to
Wall street blood suckers the .specie
basis" metals are worth just what the
bulls and the bears make them. The
100c in a gold dollar is worth no more
and no less but as a mercantile pecu-
lation it sometimes more than doubles;
all above the 1OOc is stolen from the
fruits of production and the hands of
labor. The Sc fiat paper money lack
ing commercial value, is not a factor
of speculation. only so far as their
gold and silver deviltry can bring it
to bear.
These things being true. pray what
sense IS there in making gold dollar
at all? Nobody has ever shown
where the sense comes in and no.
body can. 1t is like the boy in town
who buys up all the marbles; imme-
diately the demand is greatly in
creased and he sells his marbles at a
large advance. So the money mon
gers call in and put under lock and
key what ought to be in circulation n;
the demand for money becomes urgent,
and they unload at 100 per cent profit.
all of which is legal or illegal steal
from the borrower, who had confidently
relied on the stability of the currency
circulation.
Assuming untenable ground to
prove false promise true is going
out of fashion, the taking of things
for granted is being supplanted by a
little homemade thinking, an6 the
investigation of the false logic of the
money power. Things are not just
as they have BEEN for progress is
marked on the mile stones ahead
and richly deserved nemesis scowls
on the public sinners as warning to
them to settle their uncanny business
and prepare for retirement.
Awakened thought in the people
with more practical education in our
schools as applied to the ethics of
men in their relations to government
is doing good work. Causes and
effects are being uncovered by con-
centrated thought and the financial
humbug with all it's iniquities is being
laid bare to the comprehension of the
| public mind.
The specie basis curse was conceived
in iniquity and brought forth in sim
A recreant congress- slaves to gold
passed laws of favoritism that gold
spectators might steal the earnings
of producers and gloat in safety over
the approaches of the people to the
slavery of poverty and wicked land
lordism, from which there could be no
escape but through a bloody revolu-
/ ton.
Any system OF finance that makes
it possible for the INSCRIPTIONS to COR
ner and manipulate the circulation to
the injury of the best interest of So
ciety is a glazing wrong to the people,
and disgrace to the government
The goldite with Cyclopic eye sees
only himself in the glass of selfish
ness, and the injuries and sufferings of
his victims are no. more to him than
! those Of a mouse in the paws of a
! cat.
The redemption OF paper money with
gold is only a fraudulent pretense i'm
posed upon the ignorance of the
masses as is fully proven by the i'm
possibility of the redemption of one
quarter of the paper money in use. A
full legal-tender paper dollar is re-
deemed every time it is used in the
purchase of anything or the payment
of debt.
There can be no better security for
the stability of money than the tax.
payers OF the nation to the full extent
of the needs of business, and to meet
unexpected contingencies that may
arise.
The power that can monopolize the
money of a nation is menace to lib
erty, the rights. justice and prosper
ity of the people. This power, now
controls the prices OF farm products
and depreciates the value of realestate,
enhances the inability Of paying mort
cages or notes. and robs the poor con-
sumer as well as producer. It causes
over 200 failures of business mer
every week in the year; it props the
door of poverty wide open for the en-.
trance of wolves; it tickles the wors1
passions in man and causes innumera
BILE crimes all over the union; it form.
the nucleus of every conceivable devil
try that swims triumphant on the
wicked waters of suborned law makers
Gambling boards of trade. watere(
stock in railroads and other corpora
TONS bonds, banks and trusts with
long list behind these are the children
of this accursed specie basis lussus