The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1894-10-10
THE SILVER ISSUE.
Ably and Forcibly Prcsentcd.-Read
the Irresistible Argument.

10 Lne pOteTS " ONtOs
Two years ago the great nat
ional political battle was fought
upon two principal issues--a refor-
nation of the tariff laws, upon an
equitable basis, and tile adjust
ment of the money question by the
restoration of silver to its rightfnl
power and functions as one of the
money metals under the constitu-
tion.
During this contest, however, the
issue of tariff reform was made the
paramount one. BY the repeal of
the Mckinley law and the pass
age of the law now in force, tariff
reform has substantially won, and
the taxes of the people, especially
upon the necessaries of life, have
been very much reduced and their
opportunities thereby enlarged. In
all probability there will not be an
other general revision Of the tariff
for years to come. Time, however
will undoubtedly suggest changes
that should be made, and addition
al legislation,guided by wise states
manship, will see that this is done.
The money question, therefore,
is now the supreme issue before
the country. The Importance of
the question, whether silver shall
be restored to its full money power
can not be over-estimated, because
it affects every interest, great and
small, from the slightest concern
of the individual to the largest
and most comprehensive interset
of the nation. Especially docs it
affect those who are engaged in
active industrial pursuits, for upon
its proper solution depends wheth-
er their business shall be profit
able or Improbable. This being so,
and also for the reason that so
many Misrepresentation and mis-
statements have been made by the
gold advocates in regard to it,
which are absolutely false, we in
woke the serious and intelligent
consideration of the voters of all
the parties to the following:
1st-That money is the standard
by which the exchangeable value
of all labor and the products of the
same are determined.
2nd-That Notwithstanding the
assertion of the single gold stand
ard advocates that gold is an un-
varying measure, no money stand
ard ever has been nor ever can be
a fixed and unvarying measure.
3rd-Business men must remem-
ber that money may be appreciat-
ed in value as well as deprecated.
4th-That when it appreciates,
peices fall. When it depreciates,
prices rise.
5th-That the value of money it.
self is fixed by its exchangeable or
purchasing power over other COM
modities, and this purchasing pow
err of money is determined wholly
and solely by the proportion that
the quantity of money in circula-
tion bears to the other commodities
In other words, when the supply
of money in circulation is small
relative to other commodities, its
purchasing power is increased
when it is great, its purchasing
power is diminished. That is, the
value or purchasing power of mon
ey is governed by the supply o.
money and the demand for money.
6th-Now what is the demand
for money? Money exercises con-
troll over all human needs. Those
needs are not accidental, but are
regular, continuous and unceasing
They are not less to-day than they
were yesterday. AS population
and business increase, SO do they
increase. They do not depend or
contingencies. Their urgency IL
not momentary or transitory
therefore with money, the struggle
to get it is not only universal but
it is incessant. tits the demand o.
all things upon this one thing, be
cause with only this one thing car
men can supply their every want
7th-Now what the supply? Th'
supply is the creation solely of th'
government, as nothing is none!
until the stamp of the government
is placed upon it under the author
ity of the great law of legal tender
Prior to the demonetization of sill
yer, in 1878, by the United Statel
and the nations of Western Europe
the worlds supply Of standard
money consisted of both gold ant
silver, which in round numbers a
mounted to $1,000, 100000, yer!