Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1894-10-11
THE issue S&i5 IN
SILVER WILL Be THE
QUESTION OF IN
TEREST.
A Statement From the State
Committee.
Interesting Document Every Voter
Should Read.
The Campaign Promises to Be on
Lines of General Interest to the
Business Community.
Interesting Document Every Voter
Should Read.
The Democratic Ex. Com. Rooms.

The Democratic Ex. Com. Rooms.
Columbus, Ohio, 3. 1884.
To the Voters of Ohio:
Two years ago the great national political
battle was fought upon two principal issues
"a reformation of the tariff laws, upon an
equitable basis, and the adjustment of the
money question by the restoration of silver
to its rightful power and functions as one Of
the money metals under the constitution.
During the contest, however, the issue of
tariff reform was made the paramount one.
passage of the law now in force, tariff reform
has been 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 prob
ability there will not be another general re-
vision of the tariff for years to come. Time,
however, will undoubtedly suggest changes
that should be made, and additional legisla
tion, guided by wise statesmanship, will see
that this is done.
The money question, therefore, is now the
supreme issue before the country. The i'm.
portance of the question whether silver hall
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 interest of the nation.
Especially does it affect those who are en-
gagged in active industrial pursuits, for upon
its proper solution depends whether their
business shall be profitable or improbable
This being so, and also for the reason that
SO many misrepresentation and misstate-
ments have been made by the gold advocates
in regard to 1t, which are absolutely false,
we invoke the serious and intelligent con-
sideration of the voters of all the parties to
the following:
lst-That money is the standard by which
the exchangeable value of all la Dor and the
products o. the same are determined.
2d-That notwithstanding the assertion o1
the single gold standard advocates that gold
is an unvarying measure, no money standard
ever has been, nor ever can be, fixed and
unvarying measure.
3d-Business men must remember that
money may be appreciated in value as well
as deprecated.
4th-That when il appreciates, prices fall
When it depreciates, prices rise.
5th-That the value of money itself is fixed
by its exchangeable or purchasing power
over other commodities, and this purchas.
ing power of money is determined wholly
and solely by the proportion that the guam
tity of money in circulation bears to Other
commodities. In other words, when the
supply of money in circulation is small rela.
tive to other commodities, its purchasing
power is increased; when it is great, it's pur.
chasing power is diminished. That is, the
value or purchasing power of money is gov.
erned by the supply of money and the
demand for money.
6th-Now what is the demand for money
Money exercises control over all human
needs. Those needs are not accidental. but
they are regular, continuous and unceasing
They are not less to. day than they were yes.
terday. As population and business increase
80 do they increase. They do not depend
upon contingencies. Their urgency is moi
momentary or tEansitory; therefore witt
money, the struggle to get it is not only uni
versal but it is incessant. It is the demand
of all things upon this one thing, because
with only this one thing can men supply thell
every want.
7th-Now. what is the supply2 The supply
is the creation solely of the government, as
nothing is money until the stamp of the
government is placed upon it under the
authority of the great law of legal tender
Prior to the demonstration of silver, in
1873, by the Uuited States and the nations Of
western Europe, the worlds supply of stand.
ard money consisted of b 9TH gold and silver
which in round numbers amounted to $7,-
500, 100000, very nearly equally divided.
Since that time the metallic money, or mon.
ey of ultimate redemption, has been gold
alone. In other words, the supply was cut
in two, while at the same time the popula.
ton and business OF the world was steadily
increasing. We ask any fair minded man
whether any result other thNn the continuous
fall in prices we have experienced for 2O
years could follow the adoption of this policy.
All business men have been looking for
the cause of continual decline. With some
it is over production, with others either a
high tariff or tariff not sufficiently high;
some think it is due to trusts and combina-
tions; s;others to improved methods Of produc-
tion or because crops are over-abundant, or
not abundant enough; some ascribe the diff
ficulty to speculation; others to strikes. All
sorts of insufficient and contradictory causes
are thus assigned for the general and uni-
yersal complaint, and yet is goes on ;there-
fore We can say that when fall of prices is
found operating not on one article or class
of articles alone, but on the products of all
industries; when found not to be confined to
any one climate, country or race of people,
but to ditfuse itself over all gold standard
countries; when it Is found not to be char
acteristic to any one year, but to 60 on pro-
gressively for series Of years, it becomes
manifest that it does not and cannot arise
from local, temporary or subordinate causes,
but must have its origin und development
in some principle OF universal application.
Over production cannot account for ii, for
production means the creation of wealth.
Wealth can be created in no other way there
fore, If over-production is the cause, you can
create too much wealth, which is the came
thing as to say that wealth is not wealth,
Neither can 1t be attributed to improved
mechanical devices, progress in manufac.