The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1894-06-29
Total. .Iso. I9z.z4z

: . . . --SAs AS11If[ -
This does not include the 1919, 992, 500 of
T-30 notes issued under the acts of July IL,
1871, June 80, 1854, and March 8, 1855, and
which circulated as legal tender money,
making the volume of money then in circu-
lation over 500 per capita. 1t was at this
period when the war was over and the
stability of this nation assured the London
and New York money sharks saw an OPP
portunity at hand to reap magnificent
harvest without sweating of the brow"
We quote from ''Facts About Silver:"
"Two changes in the volume of money
took place rapidly after 1866.
'First, the money then in existence was
spread over the southern states, being soon
divided among 81, 600 900 instead of $4,000
900.
''Second, the volume was rapidly con-
traeted, until in 1869 it was reduced to les,
than 500, OOO, 600 for 10000, 900 of peoples
and was no larger in 1879 when resumption
took place for 5O.OO0.G0O of people, being
reduced at this time to $14 per capita.
'fOf course prices fell in proportion. We
were told, however, that the cause Of
prices was overproduction. People did not
unuOASbftAAO do nCl1 40 bAOJ w AAN'U VIZ
real cause was the change in the money
volume.
Commodities are always weighed
against money, and where there is little
money more commodities must be given
for dollar.
''But while the volume of paper money
was being rapidly contracted from 1865 to
1873, both gold and silver were money, and
we had the right to fall back on the two
metals at the ratio of is to for money sup
ply, and every dollar of the vast debt
stated in the preceding paragraph, as well
as a much larger sum of state, municipal
nd private debts, if not payable in legal
tender paper, was at any rate, payable in
either gold or silver coins, at the option of
the debtor.
''The general understanding at the close
of the war was that the public debt was
payable in greenbacks.
''COuld there be any excuse in the world
for striking down half the money in 1915?
''No bonds or other government obliga-
tions were ever independently payable
in gold. The interest on the bonds was
payable in coin, the principal of the oligi-
nal bonds in lawful money, and of the re-
funding bonds, in coin. No man on the
earth had the legal or moral right to de-
mand gold payment; much less had any
one the right to demand that silver be de
monetized and gold made dearer, and then
that the payment of all debts sheuld be
made exclusively in goId.''
Why then was the money standard
changed? There can be but one reason.
A change in the money standard from gold
and silver to gold alone would correspond
ingly increase all debts in the hands of
those who held them. A proposition to
directly in crease the bonded debt of the
United States, or any other debts, would
have been too barefaced fraud to be made
by any one. Nor would any one have
dared to propose an increase in the weight
of coins as means of increasing debts.
but if one of the money metals could be
dropped out, the effect on the other and on
debts would be the same as if the weight
of the coins had been increased. Hence
the device to demonetize silver and in that
way to increase the value of money, and
with all debts, was brought forward and
clandestinsly put through congress.