Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-08-27

kolu substituted "
AN HONEST DOLLAR.
must be drawn from the worlds nj
rudy scanty supply We hear much
a deIa stable cnrrsucy and AZ ~hoges,
those who have spoken In fAyor Of nncon-
dluqnAl repeal have FOR the most part
avoided discussion Of the cffect of an
approaching standard. They take Il for
granted that gold STANDARD g not only
an honest standard. but the only stable
standard. dcnounce that child OF igno-
rance aud avarioe, the gold dollar under
q universal gold standard. MS the most
dishonest dollar which we could eln-
ploy.
| stand upon the authority. Of every
Intelligent writer npon political economy
when | assert that there Il not and
never has been m honest dollar, An
honest dollar Is q dollar absolutely stable
IN relation TO al other things louglilin,
In his work on hmoiAlllsm, says;
Monomctalisis do uot--aa Ia often SID
believe that gold rcmalnr absolutely stable
THUS as a, standard y value, for future
payments In either rold or silver which
fcmaius absolutely inyariaole.
He oven suggests multiple standard
FOR longtime contracts. / quote his
words,
A. rcearda national debts, It is dishnoily
Avorred that neither gold nor silver form.
that II justice IN long contracts ~. squghs
VI W. suou'u WI sc'A ~, "y r az. arsi h'
,nnisiiisin nut Nv No clear and certain
Wcthod ~ a multiple atandaId. a unit
based nppn the settling prices ~ numbri
or articles Of general sensnmpt,on' a
nj ia maturity hy the Hamc purchAaing
power as was given In tho beginning,
lpyons, one of the most generally nc,
| ccrtel q the writer's N igvor OF . Hom
s,ah9ard' aapis ne slanllV Of u si,,Em
te .iet ebeye ono."d ps sSeswsts thc multi.
| pln standard AZ the most equitable X
practicable. Chcvllie;, who wrote book
| in 1875 TO show the injustice of allow
s5ia dollar. re rcego s Tho The same "a TACT.
and said,
II tho value Of the motai declined. the
creditor would Hnfier a loss upon tho luan.
tlty he had rcccycdi Il on tho contrary.
!! rosN the debtor would have 10 pay more
imam nc eAonla'ed upoh'
am on sound ard sclcnshc grouad,
therefore when ] say that dollar APP
proachos honesty ~ Va purchasing power
| approaches stability II l borrow a
| thousand dollars today aud next year
pay the debt with a thousand dollars
| which VIII score exactly as much OF Az
thlnga desirable ~ the one thousand
which | borrowed, ! have pnid w honest
dollars lf the money has Increased or
dccrclsed Ia .p,rrhadue power, have
aitlHied my debt Win dishonest dollars
While the government can say That q
given weight Of gold or silver shall con
stitute q dollar, and Invest That dollar
with legal tender qualities, u can NOT ny
the pntehAslng power of tho dollar That
must depend unon tho law Of supply
and lempni. AMI II AMY be well 70 nilF'
post that this government never tded ia
tx the e,changaable tainc ~ dollar
until II bagpn 20 limit the numhor of
dollars epluod.
80, ,,,,,, .~,,> an,
hVlN"N'Ns WON 49, y go.
VI the number gf dollars hereA-ee
moro rapidly illAh the need Tor lpilus
~ II did after The. Kold mHvnNoiler N
lStV no eA,,,,hang VOW Nalue ~ eV,h Wy
Int VIII fAli AMt rnrvHr t'se' ~ w
demand lof dcllnm inrfrhsea ins,,,er wv
The number OF dollars az " ull hl,el
1900 ilir price ~ earli dollar MNl Ii9'
and prices generally WIN ihll' my Wla,
tive value OF the iollnr inny ne fnHuRHeu
hy natural cnnsoa or by lrRlHlntloh, ~
Increased supply tho denmnd remain
Ing The name-or u dncrnAcd Demand
fir sunply remaining tie SANG WIN ~
ducc the cXchangcnhle value 81 ench nni
lar, Natural causes may aet on hotl
supply mud lcfnandi NJ for instance, b,
lntfeanlng tho product from the mlne
1 or Increasing tho amount consumed u
) the arts Legislation acts directly on IN
demand aud thus affects the prize, sine
I tho Ucuinni ~ one OF lhN lAtiNiH III VA
ing the price.
. II by legislative action the demnn
for silver "a destroyed aud the hemhn
I for gold IA Increased by making " ih
Z only standard. ihn cachnnreable yalu
! nf ench unit Of that standard, or d1llll
/. M We call H. will be nrrcnHed. If III
= uxrhnngenblo value OF the dollar 10 i
a, rreasol by legislation The debt of III
= debtor Ia Increased, 10 HE injury mud I
y. The advantage Of the creditor And I
!. mo Hnggost hore. IN reply To the gentle
J.. man from NinssnehnHetls (Air. Mccall
!, who said that the money lOauer was ~
y titled 10 tho advantages derived ffoi
!, improved machinery and Inventive genlul
= That be- Il mistaken. The laborlng ma
aud the producer are entitled 10 Ties
. benefits, and the MONEY loaner by ever
. law qf Justice. ought to be content VII
|. a dollar cdmal ~ p.uirhasiug power :
\ desiring more than that desires dlshat
!, nsf dollar. II matters not what name J
r. may give 10 II, loud applnusel Ink
= m Illustrations Iohn Don. q Nchriski
!. lins a farm worth S2nlnl and inortyage
10 Il 10 Richard Roe, OF MASSACHUSETTS,, ~
5000. Suppose the fnluo OF me uipn'
lary unit Is Increased by leElslhti9
which crcnics q greater demand iQr Rplt
y The debt y isercAned. u I'VE ingreas
10 fa,g,"r anda ihc prices Of Hi prodiict
" hhyo fallen ous.haf aud his lnnd l0st
G onc.hnlf Ia value. unless tho price