The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1895-07-18

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lnant They will earn their money if
given the opportunity. But if there is
not enough money in the community to
prevent falling prices it is impossible
that men can be kept in uninterrupted
employment.
We are simply attempting to secure
the adoption of laws that will permit
the issue Of metallic money, as has been
the custom Of all time. If we are to have
metallic money, how is it to be got into
circulation? How do people get gold
money? Do they not have to work for
it? Men have to work even for bank
notes, which have none Of this valuable
quality which SO many call "intrinsic
value. F"
With correct monetary policy, those
who now earn nothing will be set to
work, and will get their share of tho
money i'll the community without de-
priving others Of an equal opportunity
to get such share as those others may be
entitled to. .I
Because q law against stealing does
not put money directly into any mans
pocket, is it therefore useless to enact
such laws? Because the preaching Of the
gospel does not put money into the
pockets Of the multitude, must therefore
the preaching of the gospel be dispensed
with? Because the observance Of moral
lty or justice puts no money directly in
to the pockets Of people, must we there
fore cease the inculcation of those quail
ties? Why trouble ourselves to commend
to our youth the advantages of eGuca-
tion. intelligence, uprightness, honesty,
equity and fair dealing, because, after
oil, us the gold advocates inform us,
money can be made only by working for
it? Must not people attempt by proper
law to establish correct conditions??
Ii gold monometallists are right, then
the decalogue is q superfuity, and the
sermon OH the mount mere exuberance
OF emotion. No one can see very clearly
how either of those puts money directly
into the pockets of the people. Let the
bankers have charge of the issuing Of the
money Of the country, and they will be
happy. The people Of this country have
determined, however, that the issue of
money, which is a function Of sover-
eighty, shall be exercised by themselves,
through their government, and it is use
less for the banks to attempt to override
the will Of the people
Mock Fears That the Workingmen May
Be Paid In Deprecated Silver.
Othe s Of the gold standard advocates,
among whom are found the New York
bankers and the president Of the United
States, entertain great fear that if the
silver purchase law is not repealed the
workin. ;men will be paid in deprecated
money--money of low purchasing power
Will the employers will keep the
gold aSpney for Observation-Disclosures it
viii, as they suppose, have higher pur-
chasing power.
wish some of them or their friends
had taken the trouble to indicate how
this result was to be brought about so
that we might have before us the modus
operandi
| If silver dollars were to become de-
preciated, i'll relation to what would they
become deprecated? Would they become
deprecated in relation to the products
OF labor? Does anybody suppose that if
the products of labor bring higher
price the wages Of the laborer will not
rise with the price Of the products?
Nothing can be clearer than that the
wages Of labor must in the long run fall
with the prices of the products of labor,
and that they must rise with rising
prices for those products and with the
modern organization of labor the rise
of wages must promptly follow rise
of prices
In the latter case not only does labor
rise, but the universal testimony is that
it maintains the rise for a considerable
time after the general range of prices of
commodities has fallen, and this by
reason OF the natural indisposition of
the working classes to have their wages
reduced, and their stubborn opposition
to any proposition looking to that end
With the article which is the product
of labor persistently falling in price,
how can the employer keep on paying
the workingman dollar that is con
stantly growing more valuable?
How could anybody afford to con-
tinue manufacturing if he must pay
uct OF the labor is falling in price?
There was a time, as we all know,
when the metal that was becoming the
cheaper and more plentiful was not sill
yer, but gold. What was the belief at
that time regarding the probable effect
of such cheapening process on the wages
OF the workingman? And what class of
the community was then deemed enti-
tied to commiseration owing to the
growing cheapness Of the money?
The working classes are specially ben
Gifted by increases of the volume Of mon
ey. Referring to the effects upon those
classes Of the increase of the money vol
ume of the world by the California and
Australia discoveries, Professor Cairnes
c'Essays In Political Economy") has
demonstrated that the addition Of 40 per
cent to the money volume of Great Brit
ain between 1851 and 1889 was pre-
vented from affecting the prices of COM