Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1894-07-26

formed Dy gOlQ. Oan IL De possible tnut
free coinage of silver here will make gold
more valuable abroadf II it takes wings
and flies away to foreign chimes, will the
addition Of $6OO,OOO,O0O in gold to the
supply of other nations have tendency to
increase the value of the gold ooinf You
cannot increase the value of gold abroad
by increasing the supply. You must
either diminish the supply or increase the
demand.
Why would our gold leave usf Would
IL 60 to Europe to pay our debtsf That
could not hurt us. Would it be used to
mako purchaser Certainly, no American
would buy what he did not want from Eu-
rope simply because we adopted free coin
age. Suppose gold should go to premium
of 20 per cent. What would it meanf
Simply, that the price in silver of all prod
ucts would rise 20 per cent. How wonld
we suffer by that? They claim that we
have $500, 900 of gold in the United
States. If that should 60 to a premium
of 20 per cent, it would make difference
of $12O,OO0,OO0. The benefit to the farm
ers of an increase of 20 per cent on the
price of corn would equal that in one year.
We are also told that foreign nations will
uOb bdho Jul bhNoI fOi OIL Whioh
we shall be truly thankful. We do not
want them to take our silver money. We
need every dollar that can be coined right
here. They do not take our silver money
now; but our silver answers our purpose
just as we'll as if they did. II we were to
coin every ounce of silver that can be
mined in the world for the next five years,
and allow not an ounce to be used in the
arts or by other nations, we would not, at
the expiration of the five years, have as
large per capita circulation as the late
republican state convention Of Pennsyl-
vania demanded. We have population
of 10 millions, in round numbers. The
greatest amount of silver ever mined in
one year was 1872 million dollars less
than So per capita for the people of the
United States. So, il we had free coinage
for five years, we would not increase our
currency $14 per capita. And does it not
occur to you that if we deprived all other
nations of silver for five years the demand
for silver would become so great that we
should hear no more of the difficulty of
maintaining the psrityf And who would
be injured Absolutely no one. For,
while it might appear that the capitalist
might sustain a loss, the stimulus to en-
terprise which would result from the free
coinage of silver would make such a thing
as idle money unknown. The profit to
the capitalist is greatest when capital is
active-when industry is ceaseless.
Tn studving this onestion. MANY enooun-
tar great difficnltv because of their wrong
ast;m alton of monev. The celebrated no,
I;t;coJ aconomist Jobn smart Min savs.
"Thare cannot in short he intrinsically a
nora ins;gn;6cant thing in the economv
NJ societv than monev. eYcept in the char.
acter Of a contr;vance for snaring time
and labor II ia a medinm for doing
quickly and commodiously what would be
done though less quickly and commodi-
ously without it; and, like many other
kinds of machinery, it only exerts dis
tinct and independent Influence of its own
when it gets out of order"
Only the miser gets money to hoard it.
Other people seek money to loan or to sell
it. When a man sells corn or cattle or
cotton for money he simply buys money,
and when he buys corn or cattle or cotton
for money he sells money. Every man
who borrows money simply hires it, as one
would hire a team from a livery stable.
But, as every one is struggling so to get
money for what it will buy, we seldom use
the word buy without conveying the idea
of purchasing with money.
The capitalist who opposes the free
coinage Of silver is sacrificing a perma-
nept advantage for a temporary one. IL
is never to the advantage of creditors to
bankrupt their debtors. When they do
that, they are in the situation of the man
who killed the goose that laid the golden
egg. This persistent falling of prices is
not only the merchants and
but is also bankruptinp
the farmers of the land.
Tab. ,ha MIA NJ n c,editor in tho
Eat ,sho hos ,oaned a. ono 10 Sa,;na
oonn.v farmar What doas ha ha,;avs viii
Iouast hin mos, The nrosner;tn of his
~ tha hanLrnn,pr ~ lie dsh,orS
III" - - a. - -. -
no;d nror n,,v md HE nr;nc;naI |
.a.,.ns It r.. dah,o. haoor,as ha1L
.ua, ,ha ,,ad;tnr IL ooronaI,sd 20 tata tha
,apu 'n "a ;t nr;oos oontinua 20 coll he
,s;,i y. non, na,isd not oniv ,o ,oso h;s in
800 hnt fa;,;n, 70 find q nnrcbasar Who
'.;,, 80 D anoh sor ,ha farr as ha IoonaS
WIN Pay q" suaun sao.;saas Co., os ~.
uPon ~ "o W.. "s $50 , -
i o. iu q ohannaS trorn an ipSanand
. .n, h ia omrsr 60 a danondan, ,anop,
Snnrosa NO shorId al, ,ho, tha w.
onl,i pv 90 s;,sar wonid naLa n,onay
=. ,ou.;suI .ho, :, 'ro,,s sona .,n 49,
~ UI ton % ,ha oraa;to, IT, ron oannn,
: ia ,hs oonclrs;on ,hat tha dsnona,izo.