Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1893-06-14
POINTS FOR THE PEOPLE.
Gold is the money of seml-civilize
financial pirates.


In England and America, was when
large amounts of legal tender paper
money was in circulation. There is no
gainsaying this. Have we wit enough
to profit by the lessons that times of
trial teach?-Iowa Farmers Tribune
Nearly S125 200, 900 of gold has been
exported during the past sixteen months,
says the New York World, and in the
same article says: "From every quarter
comes the complaint that money is
tight and that nowhere is there any
satisfactory explanation for this tight
ness"
THE public faith of a nation,
alone. is not sufficient to maintain a
paper currency" said John Sherman.
Sherman knew, as we all know that
the public faith of nation is far supe-
rior to that of a few individuals, and
yet he talks about the public faith not
being adequate enough to accomplish
that which he would turn over to few
individuals.-Iowa Farmers Tribune
If all the nations would demonetize
gold the amount of that product that
now passes for 100 cents would proba-
bly, not be worth % cents. 1t is esti-
mated there is enough gold to supply
the trades for seventy-five years. With
seventy five years supply all ready for
use of any article, what would it be
worth? Is it not plain that gold gets
its main value from law?"-Missouri
World
According TO the Yankee idea,
'sound money" means dear money;
money that is hard to get; money that
it takes an unreasonable amount of Ia
Dor TO buy; money which goes into hid
ing and is not to be had at any price
when it is wanted, and which must be
borrowed at usurious rates, even dur
ing times of comparative ease in finan-
cial operations.-North Dakota Inde-
pendent.
The great fnanciers" are talking
of state banks, free silver, repeal of the
Sherman silver law, a revival of the
Bland-Allison act, etc, etc, but never
a one of them thinks of letting Uncle
Sam issue his own money, without the
intervention of national, state or pri-
vate banks. The great financiers"
must have axes to grind, but we hope
that sometime or other Uncle Sam will
take the ''grindstone" away from them.
Chicago Free Trader.
Grover Cleveland, and his advisers,
after long pondering, have decided to
recommend to congress an income tax
as the best way of raising much needed
revenue. This is deliberately stolen
from the peoples party. The demo
Gratis had no such plank in their plat
form and have to resort to the Omaha
declaration to find what is best to do
If they would go to that document for
their whole programme they would
fare much better and learn some sense.
-Nonconformist.
When the bankers set up that
whine of unsettled confidence" as an
excuse to refuse loans, how long before
full-hedged panic will be upon the
country? What means of relief does
our government offer to the commercial
interests in such an emergency? None
whatever. The most sacred functions of
of government are delegated without
condition to serve the cupidity and avari-
cious instincts of small class whose
prosperity alone depends upon the mis-
fortunes of the community. ty.-Noncon-
formist.
Let us suppose two great nations
of equal population have and are using
both gold and silver, as much gold as
silver. Now, we will suppose that one
of them demonetizes gold and the other
silver, and they exchange their de-
monetized metals. Then each will
have the same amount of money as be-
fore and prices will be undisturbed.
But suppose they both demonetize sill
yer, or both demonetize gold then the
money supply will be reduced one-half,
prices will fall one-half, debts and
taxes will in effect be doubled, the
masses will be impoverished and the
rich made richer.-Missouri World.
Money is valuable according to its
purchasing power. Its purchasing
power is regulated by it's volume.
When a dollar has large purchasing
power prices are low; when it has
small purchasing power prices are
high. Its purchasing power may fluc-
tuate, and will if its volume fluctuates,
without its going either above or be-
low par. 1t matters not what kind of
money, it is volume that controls It's
purchasing power. If by some magic
the gold and silver of this nation were
by some means destroyed and instantly
paper money appeared in its place
prices would remain unchanged.-Mis-
souri, World.
The democrats have decided to re-
| peal the tax on state banks as a feature
of their financial budget and Cleveland
will so recommend in his message to
q H.. h. oe 4
| cat banking as means of remedying
| the financial situation is like setting
/ fire to the house to get rid of the rats
If the democrats have got nothing bet
ter than this as an antidote for Sher-
manism they might as well call in re-
cciver for their party. This country
wants no more wildcat bankruptcy, it
wants banks that are national in fact,
a protection to tho depositnb as well as
| the note holder. a convenience for the
public. the same as the post Office.
| Nonconfornist
| Governments have followed the
| theories of wise" financiers time out
of mind: but the Peels. and Hamiltons,
and Gladstones, and Chases. and Sher-
mans have not preserved the equilib-
rum of business chances to rich and
poor alike; they have surrendered all
peoples to the possessors of the precious
metals. The doctrine THAI geld is The
only and necessary standard of values
is aa old as the hills, but for that very
reason Is probably wrong. Ben Butler
had bigger brain than Daniel Web
| ster. and he declared his unbelief in IL.
/ Other great minds have disinterestedly
attacked the theory, and it may be thai
| the time has come when Statesmen
viii be forced by the pressure of neces
sity and public opinion to experiment
with tbs theeEies Of the radicals