The Louisiana populist., 1895-05-31
What God freely gives to man, Monop0y y A ppro
NO. Al.

damnable that was ever invented, be.
cause it doubled the burdens of the en-.
tire producing classes. 1t broke dowr
the purchasing power of the world Rnd
left the laborer without bread because
there was no market for his products
These gentlemen also know, or ought
to know, that this was done as the in
stance and for the benefit of the bond
holding and salary drawing officials OF
Europe and the East. Consequently tAe
name Honest Money League must
have been adopted because it was cal.
culated to deceive the public. YOU
sometimes see bank or a store or
restaurant with some high-sounding
name over it. Did you ever know one
that paid hundred cents on the dol.
lar, or that gave your moneys worth
when you ordered apple pie? Now. II
these gentlemen were honest in this
movement and intended to be candid
with the public, they would have called
themselves The Paralysis, Panic and
Poverty Club Had they done this we
could at least respect them"
do you think, governor, that this
association will be able to accomplish
much?"
mo, not as 1t is now constituted
Mayor Hopkins sized it up in nutshell
when he pointed out the fact that just
third of them were federal office
holders and the remainder consisted OF
some bankers, some corporation law
yers, few business men, and some
'hangers-on.'
Senator Isham G. Harris, of Tennes-
see, thinks that neither of the two old
parties will be able to organize the
United States senate in the Fifty-fourth
congress, but that the Populist sena-
tors will hold the balance of power
Speaking of the silver question, he
says:
''The sentiment in favor of the utiIi.
Zation and the rehabilitation of silver
to its position as money metal and as
a money of ultimate redemption; and
in connection with gold as the regula.
tor of volume, or amount of that thing
called money, is overwhelmingly strong
in the South and West, and in my opin.
ion ought to be strong and conclusive
everywhere, If people would recognize
the undeniable fact that money is pure.
ly the creature of law. 1t is now, al.
ways was, and always must be, just
what the law of its own country makes
it, and when it passes beyond the lin.
its of its own country it is not money
but Immediately becomes a commodity
which goes upon the market at its mar.
ket value just as your bale of cotton
hogshead of tobacco or bushel of wheat
goes upon the foreign market at it:
value.
ITO illustrate: Four hundred and
twelve and one-half grains of stand.
ard silver, coined into dollar and 25.S
grains of gold coined into dollar, are
legal tender dollars anywhere and
everywhere in the United States. With.
in the boundaries of the United States
each of these dollars performs precise.
ly the same functions, each pays exact.
ly the same amount of debt and buyi
the same amount Of property. Under
the laws of the United States, certain
treasury notes have been made lega'
tender money, owing to which fact the
treasury note will perform every func.
tion as money that gold or silver coir
can perform; will buy as much or pay
as much, dollar for dollar, as any other
money in the United States.
Now here are three kinds of lega'
tender money in the United States, ano
under the laws of the United States
every dollar of either can and does
perform all the functions of legal tender
money, or, in other words, each dollar
of which, as money, is the exact equal
of any other dollar that the laws of the
United States have made legal tender
and, therefore, the idea of talking about
the market value, commercial value OF
intrinsic value of the material OF
which money is made is simply abb
surd, and device will not say
contemplate device (though | thinh
it is)-intended simply to complicate
the question and as far as possible t.
confuse the public mind"