Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-07-03

gold and silver being the fiat OF all the
| governments, are more uSeiul, more
valuable TO MANKIND. because they are
money OF final payment in all parts OF
the civilized world, while other form
of money are not For this reason gold
and silver, being the highest as money,
are used as base, or in other words
all other forms Of money are made inter
changeable and redeemable IN gold and
| silver. With gold and silver represent
ing value in all parts OF the world,
| property can be exchanged with them
TO aud from all parts OF the world,
| consequently gold aud silver ara the
| highest form of money 10 use. As salu
before, the intrinsic value OF the metals
have nothing whatever TO do with de-
termlning the money value or purchas-
ing power Of gold and silver as snch,
and with property and labor IL
: all the governments were 10
unite aud adopt by law iron or any 9TH
or form Of money In place OF gold and
silver to exchange property with, 10
and from all parts OF the world, 1t would
be equally as valuable as money and
answer the same purpose as gold ana
silver, regardless Of the intrinsic value
OF the material of which the money was
composed. IL is the quantity, under
the natural law OF supply and demand
of units or dollars that regulate the
value or purchasing power OF each
unit as compared with prop
erty and labor. II the number
of units are Increased or decreased the
value OF each unit will be increased or
decreased accordingly as compared with
property and labor. This position can
not be successfully contradicted, and
the gold monometallists understand 1t
as we'll as the bimattallists. In fact 1t
was their advanced knowledge OF the
well known natural law that caused
them to demonetize silver so as TO con-
troll the worlds money for the sole and
only purpose Of increasing the value or
purchasing power OF money. This Is
self-evident, because at the time silver
was demonetized there was no over-pro-
duction Of silver as compared with gold.
In fact, the reproduction OF silver
only commenced ten years subsequent
to It's decentralization, therefore 1t could
not have been the reason why the
gold monometalists demonetiZed silver.
The history OF the production
of gold and silver since they
came into use as money shows
first an overproductlon OF one and then
the other, but in the end always right
ing themselves, consequently the over
production OF silver the past ten years
is only history repeating itself. A res
toration Of silver To its former place in
the monetary system would be honest
between creditor and debtor. II would
restore former values and give an IN
limited stimulus TO industries, but If
the gold standard continues q reStora-
ton of former values will never come.
Rising gold is the principal cause Of the
present industrial trouble. Gold alone
has its equation and there is point
where it will cease TO rise in value, but
when that point is reached there will
be law and degraded level Of general
prices. This was the object aimed at
by England when she forced the other
governments TO demonetize silver, and
the United States, whose interests were
Numerically opposite, under the leader
ship of John Sherman, assisted In &C
mplishing her object. VIII we con-
tinue TO assist England, or will we com
pei her to be honest?
HONESTY.