Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1895-07-11
More Money Needed.


Many eastern papers declare that
free coinage crusade is founded on
the idea that more money is wanted.
That is exactly the case, more money
is wanted, and especially more money
of final redemption. The more money
there is the easier it is for laboring
men. merchants and all other men to
get it, and the more money there is
of final redemption the more steady
will be the average range OF prices.
Money is not made on falling markets,
except by the wreckers, just as money
is made by wreckers on the shores of
the ocean out of the disasters that
come to ships. When there is steady
increase in the volume of currency,
or rather in the volume of money of
final redemption, equal to the growth
in business and the steady growth of
population, there will always be a
rise in prices and general prosperity.
The advocates of sound money on
a bimetallic basis are aiming to utilize
as money all the gold and silver not
consumed in the arts. They believe
that something must be done to
broaden the foundation of the none
tary system so as to prevent gold syn
dicates from cornering money, SO as
to save governments and the people
from being controlled by combines.
They believe that the full use of sill
yer and gold under free coinage and
full legal tender will increase the vol
ume of money and that Immediately
this money as it is coined will go into
the channels of business and insure
prosperity.
The free coinage OF silver and gold
takes out of the hands of the govern
ment the purchase of bullion, it leaves
to the government its prerogatlve of
coming money and throws back upon
the people the privilege and the obli-
cation of furnishing bullion for coin
age. Just see how it. would work.
The silver and gold are produced by
the miners in remote and sometimes
almost inaccessible defiles of the
mountains, by the hardest labor.
The ore mined is taken to the mill or
furnace and is made into bullion.
This bullion is taken to the nearest
bank or express office, sent to the
great monetary centers, New York,
Philadelphia, Boston, Chicago, Oma-
ha and Denver, and even before it is
possible for it to be coined into money
the miner and the smelter have
brought back into the channels of
business, into the hands OF railroad
and express companies, into the local
banks and into the hands Of the la
borer, almost the full value of the
bullion. Thus every channel of busi-
ness is vitalized. This process would
continue and the amount of money of
final redemption would be elimited only
by the amount of production of the
precious metals; in this there is nc
danger. On the other hand it should
be encouraged, for every dollar Of
precious metals brought out of the
earth and put into circulation adds
to the permanent wealth of thu
country. Itis a good thing for a ma
tioa to put an injunction against the
increase Of wealth? Did any natiol
ever have too much gold and silve
coin? The only safe money is sucl
money or paper that is redeemabl
in coin whenever presented.
These eastern papers would limi
the money of final redemption t
gold, and have all money redeeme
in gold, and all bonds paid in golG
They advocate national crusades fo
O division of the gold in existence
The effect is plain to every thinkin
man, decreasing prices because of
limited and virtually decreasin
volume of money When populatio
/ increase faster than the increase c
the gold production certainly ther
must be less gold per capita each su,
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