The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1893-09-14

4
SAINT with the daily transactions of our
great money center, was Just talking to
hear himself talk when he penned that
paragraph Whatever his motive. he
certainly did not bid for popularity in
that statement. An astute politician
would hardly be guilty of telling an I'M
popular lie for the fun of it.
| THE REIGNINa PJUTocRACY.
| The man who for the past year has
studied with any degree Of care the
sources of public opinion, real and man.
ufactured, is driven to the same conclu.
sion.
The present panic could have been pro.
duced by but one power-the reigning
| plutocracy Of the world II was inter.
national in its movements. Il amounts
TO a conspiracy against humanity.
1t Is useless Of us to make observations
from the end Of our nose and ignore this
tremendous primal fact. Ifignored, our
conclusions must be all in error. Jules
Verne tells us In one of his stories of a
party accompanying noted astronomer
to a spot near the north pole to take
observations ON certain heavenly bodies.
They found the location defined by lati-
tude and longitude. All went well for
Q time, but at length the astronomer
discovered that there was something
radically wrong. He found that the 10.
cation had been ignorantly made upon
an immense field Of stealthily moving
Ice and not on the continent To mako
observations on the present status arc
ignore its primal causes Is simply to take
your reckoning from a shifting base and
ignore the continent.
THE PURPOSE OBJ THE CONSPIRACY,
Second-Such a conspiracy further
manifests itself in the purposes eought
by the present agitation.
1t has been apparent from the begin.
ming of the present movement of ruin ir
financial centers that the purpose Of the
agitators was 10 decrease the stock Of the
worlds money and increase the premium
exacted for It's use.
To this end they have determined first
to demonetize silver and make gold, the
scarcer metal, the only standard money
After months of successful manipula-
ton OF the ruling powers of public opin.
lon and government they succeeded In
closing the mints of India 10 silver.
Their next movement was against the
money Of America. They demanded the
repeal Of the silver purchase clause OF
our present law. And they demanded
its unconditional repeal-that is, that
gold should for the time be only recog.
nized as fully money. They forced the
president Of the United States to call
congress together and recommend this
By all means let it be done. The law
as 1t stands is confessed failure. I,
satisfies no one
Repeal 1t at once for moro important
reason. 1t is the price Shylock demands.
You have no choice. lie has you on the
hip. You must. He will make his bill
ions In the transaction, manipulating his
gold, and business will then resume it,
normal sway.
Let this be done at once that Shylock
may be satisfied for the moment, and
we may breathe easier for brief season
But let the masses Of the nation under.
stand 1t clearly. To establish gold
standard for money is TO deliver the ma
ton, bound hand and foot, to the money
hucksters Gold is the easiest oommod.
ity to cover. 1t has never served the
needs of great people and never will
1t Is the money of the rich man. 1t is
the enemy of the poor. 1t always has
been 30. 1t always will be 80 Better
demonetize gold than silver There Is
really no intrinsic value to either.
MoNoMETALIIsM A CRIME.
The masses of the people will never be
emancipated from the dominion Of Shy.
lock until both gold and silver are de.
monetized and relegated to the arts and
sciences, where they belong in oondi.
ton Of true civilization. Both gold and
silver are utterly inadequate to theneeds
Of commerce today as mechanism Of
exchange. The worlds commerce has
long ago outgrown their combined ca.
pacity, and moro than 90 per cent of the
transactions OF the present commercial
world are consummated with paper moi
recognized as currency.
Bimetallism is utterly inadequate.
Monometallism is q crime
1t is conspiracy against the masses
OF mankind. care not what nation prac
tices it,
The aggregate stock Of gold in the
world today is SO, 5S2, sos, 900. The ag
gregate stock of silver In the world is
H,04e, 100000. These combined are not
more than drop in the ocean of the
worlds trade. Let us remember that
In the present crisis, with both gold and
silver as money, you paid premium OF
3per cent on silver dollars ON some days.
There isnot enough gold and silver in
the world today to answer the needs OF
one-tenth the human race for the pur,
poses of trade To decrease this stock
by any process is to put up the premium
ON currency and sell the people into
slavery to the money lenders.
MIR. Chaplin, the president of the board
of agriculture under Lord Salisbury
characterized the closing of the mints OF
India to the free coinage of silver In these
terms:
"By q single stroke the government
has deprecated by 10 per cent the value
Of the silver held by the population OF
India A moro fragrant act of public
plunder has never been committed by
civilized government. The result has
been convulsed financial situation from
China to Peru. If the repeal by the
American congress Of the Sherman act
should become inevitable, 1t would be
partly due to the error that has been
in India. The government
must be held responsible. Their action
could not fail toappreciate gold through
out the world while increasing COM
mercial difficulties everywhere"
Mr.. Balfour. the Conservative leader 1