Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-10-24
the MILK m the cocoAnuT.

The MILK IN THE cocoANuT.
why Ensi.nd So obstlnateIy CIinxs 20 tbs
Gold standard.
The London Times, which is the par
ticular and especial organ of British
interests, puts the whole money ques-
ton in nutshell as follows:
ut seems impossible to get bimetal-
lists to understand that there is quite
q large number of as for whom gem
eral rise of prices has no charms what
ever. We like them low. and the lower
the better If they all went down to
half their present figures we should
rejoice, because we have nothing to
sell and a great many things to buy.
For those who have things to sell we
do not feel any great concern.
Now. this is all there is in the whole
business The London Times speaks
for what is technically known as the
city-the banking interests-the in
terests of Lombard street. When it
saws 1--WE have nothing to sell" it
speaks for the large and growing class
in this country and in England that
produces nothing-the class that col
icCtS us anu AsS 49, ~O-4Ss
having nothing to sell and everything
to ouy.
Honest people ought to be thankful
to the Times for speaking out so plain
ly. 1t states the whole case in nut
shell. 1t speaks for the whole class OF
those who have nothing to sell, but
everything to buy. This class, repre-
senting one man in every one hundred
thousand of the worlds population
maybe less. is undoubtedly right in de-
string to make prices lower and lower
all the time. They care nothing for
the progress of the world, nor for the
state of business. ALI that they are
interested in is the increase in the pur-
chasing power of the money in which
their debts, and the interest on them,
are paid.
That is the main thing. They do not
look to the future, nor do they antici-
pate a moment when their debtors will
be unable to pay in gold. They know
that if liquidation occurs they will get
in the neighborhood of gold values
for whatever may be realized, and so
they are contented to wag along under
the gold standard, which makes
money dealers richer and all producers
poorer.
fore that the money question was
merely a question of prices-a simple
contest between those who deal in
money and those who buy money with
the products of their labor. The Lon
don Times, the organ of the British
gold monometallisfs, makes this per.
fectly plain when it says that "a gen
eral rise in prices has no charms what
ever" No charms, of course, to the
creditor class, for then debtors would
be able to pay their debts on easier
terms. Producers would have to give
a less quantity of their cotton and
wheat in order to procure given
quantity of debt-paying and tax-payine
money.
When the Times says that "a general
rise in prices has no charms what
ever" it means that general prosperity
in the United States has no charms
whatever for the British Shylock. We
have no criticism to offer on the some.
| what selfish remarks of the Times
From the point of view of an organ OF
| British interests the Times is undoubt
! edly correct A general rise of price:
in the United States-or, what is the
| same thing, general prosperity-in
stead of helping Great Britain. would
| hurt it. and hurt it very seriously. II
would have to give larger amount o.
gold for our products-for our cottor
and wheat-and as result, its profits
would be cut down
Great Britain is the buyer of cotton
wheat and other staple commodities
and the people of the United States
are the sellers. A general rise il
prices would bring about general pros
perity here at the expense of Grea'
Britain. The gold monometaliist'
/ would declare that we had no sount
! money; but prices would be sound
| and Great Britain would have to Civ
up her sound" money in order to OBJ
| tain our cotton and our wheat.
The whole business is as simple as I
sum in addition to those whose minds
are not confused. England, being the
buyer of our food products and of oul
| raw material, is interested in Low
prices The people of the Unitet
States. being the producers OF foot
products and the raw material tina
Great Britain is obliged to have, art
| interested in higher prices
| By remonetizing silver they can, q
one stroke. secure higher prices and
return of prosperity. The question is
will they allow the politicians to foo
them Ia this Observation-Disclosures Con
stituti0n-