The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1892-03-19
Mistaken Denunciation.

Mistaken Denunciatfon.
An exchange says the platform Of tho
political orane- outangs who met n -.
Louis 4 short time since. demands thai
there shall be three billions OF clrsuiat-
Jog medium. They do not give IN 1des
of where it 10 to come from. II the gov.
ernment could create it 1t will We would
have very little use for revenue and taxes.
To raise it By taxation would not relieve
the burdens Of the people. That st. Louis
gathering of political cont0rtionist and
economic moustrosities should go on rec
ord as one of the seven wonders OF the
world Fayetteville TENN DispateA.
A little knowledge of the subject
would have saved the Dispatch from
such blunder as the above. There
are IS, 100000 people in the United
States. These people require, as
business experience shows, at least
$65 per capita of population TO en-
able them to place their business
transactions on a cash basis and
avoid the drain of perpetual inter-
est-paying. Sixty-hve times sixty
FIVE million equal 1925, GOO, 600.
This money, OF course, cannot be
supplied from gold, nor from gold
and silver, because these metals are
too scarce for the purpose. This is
we'll known to our robber financiers
and has been from the beginning.
Hence, in order that a dollar in
money might be made equal in
commercial value to two dollars
worth of the other products of la
Dor. our legislators and financiers
combined together to compel the
public to use only gold and silver
as money. Years went by; great
and destructive war supervened. A
vast public debt was created, by
fraud, and then the creditor class,
in order to still further Cypress and
deprive the laborer, demonetized
one-half of his metal money-silver.
This gave to that class who, though
"they toll not neither do they spin"
feed on the fat of the land and are
more gorgeously arrayed than even
the lilies of the fields, another half
of the remainder of the laborers'
earnings; and the Dispatch would
have its readers believe that this is
democracy. File!
The idea of the st. Louis conven-
ton is democratic, but the proposed
application is erroneous and would
prove pernicious. We need the
money. We have not the money
because we have been yictimized by
grasping and dishonest creditors.
When We learn the democracy of
Jefferson and his great secretary Of
the treasury, Mr.. Albert Gallatin,
we will have all the money we re-
quire. We will get it by issuing it
directly from the treasury to the
people, and will regulate it's volume
by law, deriving our knowledge of
how to do this from experience. The
mistake of the alliance is that it
would attempt to supply our money
needs by converting the govern
ment into usurer to loan money TO
other usuers, and the usurers who,
having property borrowed from gov
eminent who would sub.loan it to
their needy neighbors, would have
the same interest in maintaining q
limited circulation that the creditor
classes have now, viz to increase
the purchasing power of the dollar
and keep up the highest possible
rate of interest. The suggestion
of the alliance promises no relief,
but only slight change in the
form of popular slavery-and a
possible small increase in the num-
Der Of masters. When we had two
billion of greenback dollars in cir
notwithstanding they had
been purposely deprecated by Con
gress in the interest of capital and
capitalism, the people prospered,
and their prosperity became 80 gen.
eral and marked that the monied
class, whose occupation is the ma
nipulation of production, became
alarmed and caused the greenbacks
to be called in and burned. Why?
Only because with these in circula-
ton, they could not control the vol
ume of money and must give value
received for what they got. Had
the democratic party then, guided
by the light afforded them by JEFF
ferson and Gallatin, stepped in and
demanded that those greenbacks be
made full legal tender and retained
as perpetual adjunct to the none
tary circulation Of the country, we
should now be out of debt, public
improvements would be fifty years
in advance of their present stage,
enterprises could be consummated
without mortgages and without the
corroding cancer Of interest, the
farmers homes would not be threat
ened with foreclosure sales, our
laborers would be employed, we
would be a creditor instead of
debtor nation, and would not be
gold to pay interest on
our Indebtedness held abroad. It is
because we, as democrats, have