The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-04-15

then well claim to be very prosper.
our nation.
"Some may claim that there has not
been gradual decrease in the volume
Of money. We have decreased it by
increasing the demand for it. If there
is today five times the amout of bust
ness done in this country than there
was in 1865, will it not require five
times the amount of money to transact
itP Norman will attempt to argue that
the food which will nourish a thousand
men can be made to support five thou
sand men in healthy condition. 1t
would be just as same proposition to
say that five times the business could
be transacted with the same volume of
money we had in 1865,
"That u part of our people have en-
joyed an era Of unparalleled prosperity
for the last twenty-five years. that
many have accumulated immense for
tunes. that millionaires have become
more numerous here than in any other
country on the face Of the globe, and
that nearly all of these vast accumula-
tons of wealth has been effected within
the last few years are facts beyond
question.
KNOWING as we do that the wealth
is the accumulation OF labor, it is the
duty of the legislator to enact just and
equitable laws, that the laborer may
enjoy the products Of his labor. A
very pertinent question here would be,
How may this be doneP The capitalist
says; Reduce the number of laborers
by increased use Of machinery The
debtor says! Increase the volume Of
products by increasing the demand for
them, and in order to increase the
demands for them you must increase
the ability of the people to purchase
the products of labor. and how can
this be donep First, wo must have a
good currency, placed on sound basis
Of sufficient volume to transact the
legitimate business of the country. II
in the history of the past gold and
silver have proven such basis, let us
have them. If the present higher civ
ilizntion can give us better bash
than gold and silver, let US have it. Ii
either case let us have q sufficient
volume of money to'transact the legit
innate business of the country. Tit
people demand it and will have it.
"Baron Rothschild said:
The simultaneous employment OF the two
precious metals Is satisfactory and gives rise
to no complaint. Whether gold or silver
dominates for the time being, II II always
true thut the two m 5tals concur together In
forming the monetary circulation of the
| world, aid II IL the general mass Uf the
metals combined which serves as the
measure Of the value Of things. The sup
preston OF silver would dmOunt to verit-
able destruction Of values without any COM
pensailon.
Professor taveleye said
Debtors, and among them the state, have
the right to pay in gold or silver, and this
| right can not be taken away without dlstrl-
buting the relation OF debtors and creditors
to the prejudice Of debtors, to the extent Ol
! perhaps one-hali, certainly One-third. To
Increase all debts at u blow, Is q measure n
| violent, 80 revolutionary, that ! can mol
| believe that the government will propose Il
or that the chambers will vote It.
"These two authors agree in this
one thing, that the two precious
metals together concur in forming the
monetary circulation Of the world, and
that they form the measure Of the
value Of things. Has not the demone.
tization of silver proved u yeritable
calamity in reducing the value Of
labor and its products on the one hand
and doubling its debts on the OtherF
"From reports Of the comptroller Of
the currency we find that there is be-
tween fifty and sixty million ounces
OF silver mined in this country annu
ally. We find also that the price Of
silver and the price Of farm products
have run very nearly parallel for tn,
last nineteen years; that when silver
advanced farm products advanced. and
when silver declined farm products
declined. We thereby learn that sill
yer rather than gold is the measure o.
farm products. Such being the case
let us examine and see If we may as
certain the reason for the low price,
Of farm products during the last fifteel
or twenty years. Let US illustrate
If the products Of the farm amount
yearly to $S,OOO,OOO,OOO, and thu
farmers suffer a reduction on thei
products of % per cent caused by de
monetization Of silver, you will readil,
see that IL makes a difference Of 1850,