The midland journal. (Rising Sun, Md.) 1885-1947, 1893-06-16
Plutocratic Cheek.

The following bit of gold bug brass is
papers:
THE first thing 10 be done is to repeal
the Sherman Silver Purchase act absolutely
and Internationally. With the removal of
this pregnant cause of distrust and apple
hension, confidence would be restored,
money would flow back into all the arteries
of trade, and financial credit would take new
wings"
Their papers TEEN with just such empty
but brazen assertions, and il is noticeable
that they never attempt TO give anything
like plausible reason for such belief, if it
really is belief on the part of the organs
which keep up the incessant and senseless
repetition. 1t is money the business of the
country needs, not confidence. The "busi
ness" has abundance of property to offer as
collateral security for the loan of funds to
enable il 10 keep moving, but the money is
not t. be had. 1t is not in circulation.
Neither is it locked up. 1t simply does not
exist, and business cannot prosper or even
keep moving wlhouta sufficient supply ofthe
life blood of trade, no more than an animal
can exist without a supply of fresh air. The
| repeal of the SHERMAN purchase act" could
bring no relief TO the furnishing business Of
the country, but the logic of the situation
points to the very reverse. That law, mis-
cradle makeshift though it be, adds about
three and a-half millions monthly to the
circulation of the country. It's repeal there
fore means still greater contraction of the
currency, lower prices, more bsnkrupts and
harder financial pressure.
Not even the shadow of a decent reason
can be given for such belief as expressed in
the above idiocy of the Plutocratic daily,
that the repeal of the Sherman act would
canse money to GLOW back into the arteries
of trade, and financial credit would take
new wing" 1t is this same over dose of
financial credip which is sending business
to "Dayy Jones' locker" and the want of
money. More air for the smothering AMI.
NAL. More money for languishing, expir
ing business, and not less of either.
What the prediction is based upon which
is so boldly advanced by these gold ring
papers, that the export of gold would cease
if the Sherman act was repealed, they never
even attempt 10 explain. The Jew gold
bankers and spectators of Europe have
contracts TO furnish gold to Austria, and
in place of gold performing the functions of
money in either Europe or the United States
it is purely commodity, and one of the
most active.
Whether the daily papers which persist
in repeating such rot as above quoted, are
paid for this attempt TO mislead and deceive
the public, or are owned outright, by the
gold gamblers and financial eXploters, is a
question. The simple assertion ethat the
cutting off three and a-haIf millions per
month to the supply of the circulating
medium would relieve the financial distress,
when the want of more money is the sole
cause of the embarrassed condition of bust
ness, is SO papably absurd, that it becomes
matter of surprise that such risks to their
yeracity is taken. But the business of
imposing on the credulous public has been
SO long practiced by these papers that they
appear TO think that any absurdity can be
palmed off on the simple people, if ii is
repeated often enough, and with brazen
assurance. But these plutocratic organs
will find out their mistake. The want of
money cannot be cured by making it
scarcer.