Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1894-10-05
THE ISSUE IN OHIO.



mtttec.
COLUMBUS, o., Oct. 5.-Thc following
manifesto has been issued from Demo
Ohio:
Two years ago the great national poll
teal battle was fought upon two princi-
pal issues-a Information of the tariff laws
upon an equitable basis and the adjust
mcnt of the money question by the rcs.ora-
ton of silver To its rightful power and
functions as one of the money metals I'M
der the constitution. During that con-
test. however. the issue of tariff reform
was made the paramount one. BY the re
peal of the Mckinley law and the passage
OF the law now in force tariff reform has
been substantially won and the taxes Of the
people, especially upon the neccessarics Of
life, have been very much reduced and
their opportunities thereby enlarged.
Money Question the supreme Issue.
I'm all probability there will not he an
other general revision of the tariff for
years to come. Time. however. will sug-
gest changes that should be made and ad-
ditional legislation guided by wise states
iAlstI>ittH Will ST Intt iui> II Ubift
money question. therefore, is now the su
preme issue before the country. The i'm
portance of the question whether silver
shall be rcstorcd to its full money power
cannot be ovCr-cstimated. because it af-
fccts every interest, great or small, from
the slightest concern Of the individual TO
the largest and most comprehensive in
terest of the nation. Especially does il
affect those who are engaged in industrial
pursuits, for upon its proper solution de-
ponds whether their business shall be
| profitable or improbable. This being so
and also for the reason that 80 many
Misrepresentation and misStatemcnts
have been made by the gold advocates in
regard TO it, which are absolutely false,
we invoke the serious and Intelligent con-
sideration of the voters OF all the parties
- the following:
| Five Fundamental Allegations
-. That money is the standard by
which the cxchangeable value of all labor
and the products Of the same are deter
mined
| -. That notwithstanding the assertion
! OF the single gold :: andard advocates that
| gold Is an unvarying measure. no money
standard has ever been nor ever can DC a
fixed and Interchangeable measure.
-. Business men must remember that
money may be appreciated in value rs well
rs deprecated.
| II. That when it appreciates. prices
fall When it dcprcciates, prices rise.
- That The value of money itself is
! fixed by its exchangcable or purchasing
power over other commodities, and this
| purchasing power Of money j. determined
wholly and solely by the proportion that
the quantity Of money in circulaIionn bears
Ia 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 l. diminished.
| That is, the value or purchasing power Of
money j. governed by the supply OF money
and the demand for money"
| Arguments of the Address
The address proceeds by paragraphs
numbered up TO twenty-five 10 support the
foregoing propositions. The demand for
money is incessant. The supply is the
creation of the government IN the
United States and eastern Europe before
the decentralization Of silver in 1871 the
worlds supply of gold and silver amount
ed s. ,5oo. o.o.eo. very nearly equally di-
vided. Gold Is the money of redemption
now. The supply has been cut in two.
causing fall in prices. The decline is
and has been going on all the time, on
every production. and is diffusej over
all gold standard countries. while in silver
standard countries there is continual
rise. the address says. ana il goes into
the argument at great length in behalf OF
free silver.