The midland journal. (Rising Sun, Md.) 1885-1947, 1893-08-18
What the Single Gold Standard
Maana


"London, Berlin and Paris will be pressed
to sustain gold payments if exports Of gold
to this country continue, as they will if
Congress will repeal the purchasing clause
of the Sherman act"
Thus speaks gold bug daily paper.
Why does gold flow from one country to
another? Why does water run from a
higher TO lower level? Gravity influences
the water to create an equilibrium. Low
prices causes the gold to flow from country
to country to create an equilibrium in trade.
With what is termed gold standard" the
world over, wages and prices of the products
of labor must soon become equal the world
over. There is no escape from the inexor-
able law of compensation if no artificial bull
warks are reared to prevent the free action
of ma tural causes. The result of this gold
standard policy will be, Gf the people Of
this country are blind enough to permit it
to be fastened upon them) to divide the
wealth and prosperity of this free, rich
country with the famine prices of Europe
Our wealth would lift them up little and
their poverty drag US down great deal.
The money or wealthy class of Europe
would profit by This evening up and lower
ing down condition. They skin the laboring
wealth producing class of Europe to the
famine line. All that is not consumed in
keeping soul and body together they take.
And all that can be transferred from our
wealth producers by the operation of the
single gold standard TO the wealth produc
ers of Europe by leveling of prices, will
be taken from them and appropriated by
the idle rich. Dividing our superior pros
perity and wealth with the laboring, pro-
ducing class of Europe would not better
heir condition. That class would be used
as medium to transfer it 10 the pockets of
the Idle rich and nobillty-the latter
whether rich or poor. The single gold
standard would not benefit the wealthy class
of this country, and it is strange they do not
see this. No money class has ever pros
pered like our wealthy class has under our
mixed money system. They have had a
monopoly of the feathers which they
plucked from the wealth producing geese.
If they had knowledge commensurate to
their greed, they would have seen to it that
enough money was provided TO keep bust
ness going 10 It's utmost capacity, and at the
same time to have become owners of all the
mediums of wealth. In place of this,
however, they allowed foreigners to come
in with their surplus money and possess
themselves of the very best paying proper
ties in the country, through which means
they are enabled to draw from the wealth of
our nation two hundred or more millions
annually to spend in their own countries.
The prices of our products and the wages
Ct our laborers have been maintained al a
higher level than those of Europe, partially
by our tariff laws, but much more by our
mixed system of finance. If we adopt the
gold standard the wages and prices in this
country must inevitably fall to the European
level. There is no other alternative. The
money of Europe and the United States
being all gold and the currency all taken,
the money would flow back and forth just as
we see it now. Where prices were lowest it
would go. Where prices and wages were
highest it would leaye to buy in the low
market, and the wages of labor and prices of
products in Europe and America you'd rest
on one vast plane of poverty for the wealth
producing class. Men Of Drawn, this is
what the single gold standard means.