The midland journal. (Rising Sun, Md.) 1885-1947, 1893-09-15

demanding it for coinage. This demand
cannot be fully supplied, and by thus keep
ing the demand of this scarce metal beyond
the supply.it must necessarily remain dear
and grow more and more costly as the
supply falls behind the demand. The scheme
of making "single Standard or single
metal imperial money is partially to dis
guise its steady rise, there being nothing to
compare it with. The rise, however, in
this gold money is gagged by the fall in
prices of everything else, and the purchas-
| ing power of debt and interest. Debt and
interest must be paid out of the products of
labor. AS the price of these products is
steadily beaten down by the appreciation of
gold, to eyer extinguish debt and stop
interest, becomes an impossibllity for labor.
which, like Sisyphus, forever rolls the
stone up the hill 10 find it slipping back to
the bottom before the top is reached. And
this is the prime object of the usurer for
insisting that gold is the only true standard
for money. while il constitutes the very
worst reason for using it for money at all.
If silver were added to gold and clothed
with all tie regal power for money that
gold is given by law, that metal would be
in equal demand with gold. The demand
for the white metal for money purposes
would, like that for gold keep ahead of the
supply, and the price of the metal would be
1 fl,a ~ tha CO..
as gold is. A parity of reasons would pro
duce parity of results as we'll as a parity
ofcoins. At present law makes the parity
of coins but the demand is not great enough
TO produce parity of the metals as mer-
chandise. A limited demand for the coin
age of silver leayes a surplus bullion on the
market and that surplus lowers the price oil
the metal for use in the arts. If the minis
of the United States, England, France and
Germany were to be closed to but partial
coinage of gold, leaving a surplus of the
metal on the market, the price of the metal
as merchandise would fall the same as the
price of silver has fallen.
If the reader has followed our argument
he will readily understand why gold bull.
lion, grain for grain, is equal in price on
the market with gold coin, and also why
silver bullion is not equal in price on the
market, grain for grain, with silver coin
| A full coinage of one keeps the surplu:
down, and limited coinage of the other
allows a surplus to accumulate. IF the
minis of the United States were opened tc
the free coinage of silver, the price would
rise all oyer the world 10 a parity between
the bullion and the coin, for the very
plain reason that there would be no surplus
silver bullion on the market. This fac
, becomes self evident when we consider the
, most prominent fact in the case that the
United States produces nearly hall. the silver
, of the worlds product. If our own product
was all coined and spread over this grea
wide country where there has been money
famine prevailing, with all its dire conse-
quences, since 1870 there would remain nj
surplus of bullion silver on the market
And if we added to our home product O
7 silver that of Mexico, we would then Absorb
70 per cent of the worlds supply of sllve
and create such silver famine outside o
our own country as would compel al
European nations to come to America anC
{ purchase silver at lis full coin value.
= In addition TO this unquestionable advan
) tage which we hold in our hand all tn,
, trade of Mexico and the Central and Soutl
American countries would come to thu
United States. Those people would com,
TO the market to buy other goods wher,
they could get most for their silver. Moth
] ing is surer than that.
, The gold ring usury conspirators have
kept their daily papers filed with an i'd,
absurd repetition ola silver deluge on the
United States from all the world. Wher
the United States and Mexico coined theil
own silver, call the world" wouldn't have
{ enough to supply its own demands, and il
place of dumping would be forced tc
come here and buy. Another assertion o
the Rothschld daily press of our large
: eastern cities is that the free coinage of 81
much silver would depreciate our currency
; by the immense imitation it would cause
Would the same amount of gold coinage
cause initiation? Then how are we to con-
ceive that similar amount OF any kind o
money would have any ether than like
effect? The fact is with all the silver which
the world produces free to our minis, We
: could not by any possibility get more than
a hundred million dollars annually. L
could not be spared from the worlds supply
When would the business of the country
f begin to feel the glut of money at an increase
) of 100 millions per annum? This question
! may be approximately answered by referring
to the amount of money in circulation at the
close of the war and before the greenback,
had spread over the South to supply ten
S million more people. The amount wa
} about $50 per capita. Did any body now
: Lying discover there was too much money
t We guess not. On the contrary the farmers
mechanics and all but usurers were NOR,
r prosperous than at any other period in ou
history.
al
Money Found
T., L. A. MI