The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-09-05
Facts For Thinking People.

Waseca Herald: The Pioneer Press
is one Of the most rabid, gOld-bug.
bOndOcracy papers we know of, and we
therefore take the following figures
from from it's columns as text for a
few reflections. 1t says:
1.-The report of the director of the
mint for 1893 estimates the total stock
of money in the world at $3.901 900, O0C
Of gold, 1881, 100000 of silver, and
81. 1OO,OOO,O0O of uncovered paper"
The total of all these is only $40. 500, ;
100000, Remember these figures.
OF this total amount, both the sill
yer coin and the paper currency, are
not money of final redemption" &C
cording to the Pioneer Press. Only
gold can finally pay the debts of the
people and nations, it says:
Now let us figure: first, according to
the gold men, both the silver and pa
per currency are not money" only
tokens, evidences of debt, and, to be
good, must be redeemable in gold on
demand.
BY this rule of bondocracy, in stead
of having $40, 533, 100000 of money"
the world only has $3,9o1 900, 900 of
actual money.
Now the total bonded indebtedness
of the world is estimated by the mos
careful statisticians to exceed $75 200,
900, to say nothing of the other
debts which must amount to as much
as quarter as much more, or SIS, $50, :
100000. The interest upon these two
sum, even at the low rate of four per
cent, would be $3,75O,OOO, 900 a year,
payable in gold.
This would practically take all the
gold coin of the world to pay to the
bondocracy the interest which accrues
annually, if demanded in gold.
Here we have the astonishing fact
of a socalled gold debt of over 500, 600,
100000, when there has never been to
world, coined and uncoined.
To say and decree that the masses
must pay the bondocracy classes all
this enormous Indebtedness in gold, is
to consign the masses, not only of this
generation, but of all coming genera
tiOns, to hopeless slavery
1t was bad enough, God knows when
the people and nations could pay their
debts in silver as well as gold, accord
ing to the contract, but when bOndOc-
racy succeeded in destroying the pay
ing quality of silver-one half the
money of the wOrld-it placed upon
the people burden it is impossible to
carry.
1t has broken down the industries of
the people and driven many of them
forth to beg, starve or steal.
Next to the slavery of the masses to
the liquor habit. their slavery to
bondocracy is the greatest cause of hui
man suffering and misery.
Both these causes of human wee can
be removed by the people of the United
States if they will only use their bal
lots to set them aside.
Let them remove the liquor traffic,
remOnetiZe silver, and issue all paper
money direct, and the inha bitants of
America will be, not only free indeed,
but able to pay every debt in few
years and own all the railroads and
telegraph lines in the country.
Without these reforms, the people
of the new world will be no better off.
fifty years hence, than the people of
the old.
Europe today, with the exception of
France, is hopelessly in debt. Her
debts, if ever cancelled, will be can
celled in the blood of revolution. If
silver is not remonetized, the same
fate awaits the people of America.