Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1895-06-13

the9substance of the producer to COM
maRd a larger amount of money.
''Ah, how? By causing more dol
lars to be in the country and thus di-
minishing the power of each dollar
over property.
But, it will be asked, what do you
want with more dollars when there are
so many idle dollars in the country? |
The answer is that the idle dollars, |
most of them, are not the right kind |
of dollars, in fact, are not dollars at |
all, for all of them, except those made
Of gold, all made of silver and all made |
of paper are redeemable in gold, and |
have been under the policy which has
prevailed since the demOnetiZatiOn of
silver therefore the paper dollars and
the silver dollars are not dollars, but
the mere representatives of the gold
dollars, which are the OILY real dol
lars under the gold standard in the
country. Paper and silver money is,
therefore, as dear and as high priced
as related to lands and goods as the
gold money in which it is redeemablo,
and therefore as hard to get, as valu
| able and as slow to circulate as gold
itself. All the silver and paper money
being the mere representative of gold
is held just as tightly as is the small
quantity of gold available for its re-
demptlon.
$50 long as the unit of value is made
exclusively out of an article so scarce
as gold, that article and the money
coined from 1t, as we'll as all token
money resting on it, will command so
much in. commodities as to depress
relatively all values of other forms Of
lily be withheld from general circula-
tion for investment, either in perman-
ent loans with immense property se-
eurity, or for short loans with giltedge
security and compounding interest,
and thus by this hidebound restrictive
and destructive policy, paralyzing en-
terprise, sacrificing property, impov-
erishing vast numbers and annually
! adding to the number Of those whose
wants compel them to borrow, and
steadily swelling the fortunes of the
money merchants and concentrating
, more and more the wealth of the land
in few hands.
"When real money, absolute money,
is as scarce as it must be when made of
gold alone, as all other money must be
dear as that in which it is redeemable;
all money will be too scarce and dear
l to be in liberal use among the people
, the people is an absolutely essen tia1
/ condition to activity in business, and
: hence prosperity. The way to make
t money circulate is to make it suffici
. emily abundant; that it can make
more for its owner by circulating than
/, by lying idle awaiting exhorbitant
security for loans. You cannot efect
2 this result by issuing ever so much
/. paper money redeemable in gold, fol
] it will be as dear compared to com
9 modities as the gold in which it is re
q deemable. Neither can you do it By
r coming silver dollars, limited, measured
and estimated by gold, for you will, il
t that case, be the mere representative
n of gold, and treasured and priced ani
f just as tightly held as the small quan
: tity of gold by which their value ii
o ascertained, and in either case none!
II would be as tight as ever. for in eithe
f case would there be any increase il
9 the amount OF real money, primar,
|, money, absolute money. redemption
n money; in short, no increase in money
% The value of money remains the sam
II ss compared to lands and goods. il
II spite of the volume Of silver or paper
: SO long as these shall be limited by
d and redeemable in gold. If we wan
Fe money to circulate, therefore, We mus
re have not more paper money, not NOR
s. restricted silver, but more money
more real money, more absoiut
n money, more primary money, and W
1t must get it as the constitution PFC
" vldes, out of two metals, instead G
" one. When the unit of value. whic
ss is tho dollar, shall be freely eoine
or without any restriction or discrimins
tion out Of both gold and silver, do