The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-11-11
lHRp1uM or nrcRAran.

| Tho current events demonStERt0 that
the most important quaation In Che
minds of thinking mon Of all parties IA
the one OF money for tho future. Tha
present situation Is one Of hesiAaney
and transition. It Is absolutely Ger
tain that money of intrinsic value Il
impossible, II IL were desirable.
Ninety-eight per cent. Of business il
done with paper as the medium OF
exchange, and ''the ultimate redemp-
ton in gold" is not only a Pigment Of
the imagination, but Is a physical Inn
possibility. 1t is not gold but cont
dence that upholds the financial
superstructure. Tho promise to
redeem in gold 10 like the door to
great theater SO long as there Is no
real pressure upon IL there Is NO APP
parent danger or trouble, but In an
emergency ii 10 worse than useless.
Let the cry fire" ring out in the thea
ter and the heretofore known but now
realized inSufficiency Of the means Of
exit Gppals the stoutest heart, und
there Is u wild and irretrlevabla rush
that ruins all Monetary panics crush
the business Of the country In the
same way. Men realize that they arc
caught In trap. Their promise Is out
to pay In something they have not,
and which they can only get when
others do not want IL. This state Of
Affairs Is crime II Is a deep and
selfish scheme of men whose whole
existence depends on living ON the
necessities Of others. They set traps
for the unwary; they light false bea-
cons to lure the unSuspecting 10 GER
tain destruction; they close the doors
and start the alarm; they corner the
gold and then demand II Of their vice
times. II 10 worse than crime; il is q
blunder, It Is the most stupepdous
folly The victim furnishes all the
machinery for his own destruction.
He produces all the wealth upon which
the world wide confidence Is based he
creates from natural opportunities,
and adds to the worlds storehouse
more real wealth every year than all
tho value of all the gold and silver
that has ever been produced. And
then by law he permits the holders Of
gold to put an arbitrary and fkod
value on 1t, and say that all other
products must be redepmed In that.
Congress- has three sovereign powers;
ITO coin money regulate tho value
thereof and Of foreign coin, and fix tho
standard Of weights and measures"
The standard OF measure is the yard.
The yard-stiOk Is It's visible representa-
tive, but the yard Is an intangible,
indestructible something back Of this.
1t Is the space marked by the pandu-
lum beating seconds on the latitude Of
Greenwich. The pound 10 the stand
ard Of weight u % equal 70
| 22. 7o4, 492 inches OF distilled water Of
the temperature Of 1888, the baromo-
ter being at 30 inches. These stand,
ards are arbitrary, but they pre- inva-
riablO 30 long u the law lasts, and
every man that measures uses the ono
and every man that weighs uses the
other, but hO Mother sees the one nor,
handles the other. ~
Did you ever know of panic In the
weights and measure market. No.
Why? because the interchangeable
swing OF tho pendulum is Gods free
gift TO uniyeTsal science, Because
water Is Sc bountegusly bestowed
upon the earth chat the poorest man
may take II TO the raipt and have his
pound weight verified. And because
bf this no man has been yaulWng
enough TO attempt TO establish I'M
intrinsic value TO this standard OF
weights and measures. These are ul-
Innate, Interchangeable and irredeema-
BILE. They rost In nature, but they
are interpreted by law Correct
weights Afd unvarying measures are
the two essential principles of trade
and oommeEce, but visible, tangible,
upvarying Standard of price, possessed
OF aGSivalent intrinsic values Is i'm.
possible. There never was and meyer
will be anything but what 10 worth
more Ut some times and In some plRceI
than IN others. measured or WEIGHED
by itself, 1t docs not vary, but In Units
OF other things IL Is always going mp
or down, A yard of cloth Is always
equal to yard OF cloth. A pound OF
wheat Is always equal TO pound of
wheat. A grain Of gold Is always
worth grain OF gold, but this state
menb Of equivelants proves nothing
when the three things are 70 be
exchanged a.
= nv opNNiNAkh FpWRA Va
is here invoked, hnd congress estab-
fishes a representative OF the unit of
exchange, II has no more power TO
fix Interchangeable value upon the me-
dunn Of exchange than It has TO con-
troll the swing Of the pendulum. Value
is in the things exchanged. II 10 a.
immateriGl as the pound or the yard.
The congress names its unit OF the me-
dunn of exchange dollar. II hxos
this upon some material, II may be
gold, silver or paper. Some men may
attach more value TO the one material
than TO the other but the governments
does not The impress Of authority IL
what gives currency, and 80 long ~
confidence In that authority remains
80 long the circulation continues. Gold
bullion can be sold at premium, just
as horses may advance In price, but
gold coin can never circulate ss money
except at par with any legal tender.
This Is why specie "suspOnds" In timeS
Of national peril. The time win
come when patriots will declaFo
that the money which will not hght In
war shall not rule In time Of peace
Non. Con.
When you pay your increased taxes
n. A. A a