The Comrade. (Winnfield, La.) 1890-1914, 1894-12-13
The Single Geid Standard.


earth have established the gold standard a.
athemeasure OF commercial and .1inancia
values RS
And tile Picayulie could easil,
have added that on account Of TIL
adoption Of this ,ls,cslIletl for and lln.
wise policy Us these great com q.
3lnereial nations Of the earth y thai
the prices Of all commod ities have
bs,el 8, 7 tle
cIining ever since And that strikes
and riots have been one Of the leaa-
ing feature III labor circles. AS q
result Of this untimelsy measure the
conditions have been such as to re-
solve our population INTO pau ers
and millionaires, fostering and build.
ing up colossal operations as spe.
5eialIpets Of favoritism under the
laws Of the country
Thus It wiz BE readily observed
by the students Of political economy
.that8the adoption Of such course
in the outset was q mis- take and the
further prosecution at the plan will
result iii universal ruin.
The Picajs une in tue same article
stctes5 further:
IS In London, the WORLD i money market,
which gives laws in val ues to the other ma
tions, ID is the rule, ind So tileworld must
have gold II ls. KS
LII this connection when the Pica-
yune asserts that London gives
laws in values tothe other llatlons,
it certainly ignores altogether the
Writings.ofthe ablest eco omists upon
the question OF political economy
Such q position can not be stls-
tanned unless the uantitative system
Of tinaaces can sllcce ssfally BE oblit-
Grated. This would doubtless be d
difficult to accomplish when il
IS encountered this theory has been been
retog ni1ed Us sound and ,tllalters 4,
tenth 81 \ llis tlis,sss
81 is as wesli established, II not as
we'll understood and as universally
as the science Of mathe-
matics.
Instead Of London standing upon
the great throne OF commerce assuln-
ing tbs role OF dictator, fixing and
establishing, the flaws OF values i'll
accordance with her own imperial
as the Plcayune would
have the people believe, these same
claws in values are fixed and regu-
lated by the number Of units Of
measurement, which IN this country
is the dollar, and in Great Britain
the pound sterling.
These are the factors in the conl-
lnercial world that regulate prices
and not merely the mandatory COM
mand Of some great metropolis, or
eyenSa united kingdom like Great
Britain can not do it.
1t is a law as unchangable as the
law Of nature itself that under a sys-
TEN Of contraction Of the currency
prices invariably go down, labor is
thrown out of employment, bank
luptcy, and general business failure
follows rs an inevitable result,
while upon the other hand a con-
increasing circulating medi-
UNI, other things remaining equal,
the general level Of prices will rise
in tile same ratio; the wheels OF
commerce will again resume their
former activity labor will be renu.
neratiycly employed; strikes and Ia
Dor riots will be unheard of; pros
perity and happiness will again
alight the forlorn faces Of the mill
lons Of toilers.; famine and bank
ruptcy 4 thing OF the past.
In the same article the Pic;tyune
continues in the same strain:
s.Should the-silyer standard be fore.
ed ,,pun the United States, as IS moi
at ali unlikely, the prevalence OF q
deprecated silver currency will make
the demand Of the yellow metal all
the more Imperative
The fears of tue Picayuae should
silver be remonetize,l Of this curre''-
3. Is Z = (. =