Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1893-07-19
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the agricultural interests or -rnis greap
country. The producers of our staples,
the wheat raisers of the west, the cot
ton growers of the south, should be
leading objects of his concern. Let us
tell him that behind his sophistries
there lies the great fact that every ap-
ricultural interest requires a broader
basis than gold alone can afford, and
that especially wheat and cotton, and
all other articles of which we ALWAYS
have surplus to export, and which
are also produced and exported from
silver using countries, are bound "hand
and foot" with silver. The laws of God
and nature are not more certain. In
illustration of this let us recall to him
the words of his predecessor, Secretary
Rusk, in one of his annual reports:
''The recent legislation, looking to
the restoration of the bimetallic STAN
dard of our currency, and the conse-
quent enhancement of the value of sill
yer, had unquestionably had much to
do with the recent advance in the price
of cereals. The same cause has ad-
vanced the price of wheat in Russia
and India, and in the same degree re-
duced their power of competition. En-
glish gold was formerly exchanged for
cheap silver, and wheat purchased
with the cheaper metal was sold in
Great Britain for gold. Much of this
advantage is lost by the appreciation
of silver in those countries It is rea-
sonable, therefore, to expect much
higher prices for wheat than have been
received in recent years.
Let it then be the chief concern of
Secretary Morton to devise methods
whereby the value of silver may be en-
HANGED and its ancient position as q
money metal restored, assured, a. he
must be, that the values of agricultural
products will be equally enhanced by
the removal of destructive foreign COM
petition, such as Secretary Rusk re-
ferred to, and by that broadening of q
| sound, metallic basis through the re-
establishment of both gold and silver
| as coordinate money metals, upon an
established legal ratio which will give
| stability to prices generally and pros
perity to all classes.-Kansas City Jour-
nal
The article from which the foregoing
excerpt is taken is an a BILE and scholar
ly elaboration, from bimetallic stand
point, of the silver question as it exist
ed before the stoppage of free coinage
by the Indian empire. But look at the
absurd Inconsistencies of this able BIZ
metallic argument. After establishing,
beyond all controversy, with a simple
and concise yet logical and convincing
statement that bimetallism gives to
both gold and silver, by the fiat of law,
an arbitrary and artificial value far in
excess of their real value as commodi-
ties, it is yet insisted that a safe none
tary system demands that we retain
these fictitious values as basis" for
our money circulation. This is equiva-
lent to saying that we can deceive our
selves into believing that certain values
are, although we are absolutely certain
that they are not. Away with such
foolishness.
Then, again, the article is valuable
and significant as showing just what
degree of relief we may expect from
those whom certain reform papers are
just now pleased to term 'our repub-
lican and democratic allies" Great
Scott Shades of Peter Cooperl What
consort hath Christ with Belial? What
is there in common between true pop
ulist and a democrat or a republican,
''Our republican and democratic allies"
demand gold and silver, freely coined,
and paper money redeemable in specie.
A rnnn11licf -
spirit of monetary reform comedies gold
and silver in pitying Difference to tho
beclouded intellect, but he will enter
into no covenant with death, nor league
with hell, by advocating or sanctioninR
the damnable fallacies ''specie basis'
and ''specie redemption. The old
guard can die, but surrender-never.
The objective point of the peoples
crusade is the destruction of the demon
metallism. The hopes of a despoiled
and oppressed humanity cluster around
| the demand for absolute, full legal
tender, inconvertible paper money.
As the St Louis Republic said the
morning it printed the news concern
ing the stoppage of the free coinage of
| silver in India:
Yesterdays news Of the suspension Of silver
coinage by India had been foreshsdowed By the
| report Of the special commission which recon-
mended this action TO the Indian goveFnment
| The effect upon silver and upon the money sys-
| TENS of the world cannot be estimated bus
| must be awaited India has been the great sill
| yer using country. II it persists in adopting
| tbs gold standard, the debate upon the eurren-
| cy question will be sharpened Ia al civilized
| countries The whole world may be forced 20
meet = crisis between permanent adoption or
long continued rejection Of bimetallism In this
and other countries governments may be
forced to choose between silver and IN IRE
| deemable paper currency The people ca7
hardly stand gold standard
Choose We this day between the two.
Ye cannot fight for both The idea Of
"specie basis" and money of final re-
demption" cannot be reconciled with
the demand for ineonvertible paper
money.
Hoist aloft the banner of principle
and march triumphantly to victory un-
der its folds. The time is ripe for revo-
luton Let the battle cries be Amer
lean money for America" and 'sDown
with Metallism-'
GEORGE c. WARD