Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-10-25
GOidbug Stiffness.

ne poor olu 1OuIIcl-J uul Ldi' al! .
the Memphis Commercial Appeal, re-
plying TO some ina ginary silver freak,
declares that the silver dollar was mot
struck down in 1873 because there
were no silver dollars then i'll circula-
ton the silver dollar being 1T a pre-
MUM. The supreme Stiffness of this
kind of gibberiSh shows just how little
thought the editor of the COurier-J our
nal has given to this question since Mr..
Haldeman woke him up at 2:30 in the
morning with an order TO put on his
pants. come to the office and change
his views on the money question, and Ia
he BANKED quick about ii, Us it was
about time to go to press. When Mr..
Watterson was the prize silver frcak"
of the whole menagcrie, which he was
up to 80 a. M, April Is, 1893, he could
at least write something original; now
he simply repeats whatever goose CAB
BILE he happens to hear from the gold
standard press. Silver was not struck
down, was not demonetiZed by the act
Of 1873. because it was not in circula-
ton. Well, then. when was il demon
etiZed? If the act of 1873 had never
been passed would we not have free
coinage of silver to-day? But the sill
yer dollar was at a premium and was
not in circulation. SO the gold dollar
was at premium and was not in cir
culatiOn-it was at premium over the
paper money of that time. According
TO the Watterson logic, therefore, il
the act of 1913 had stopped the coin
age of both gold and silver it would
have made no difference. What every
man of tolerably good sense knows is
that the right of free coinage gives the
debtor always the right to pay his
debt in the cheaper metal. if one be
cheaper than the other, while the single
standard policy forces him to pay al
ways in the dearer metal. The COu-
| rier-Journal also says that if there had
| been any silver dollars at that time it
would have been the right policy to
strike il down according to free silver
| logic" There being absolutely no
sense in this assertion. it is only worth
while to say that the goldbug logic was
! To demOnetiZe the dearer metal in 1915
and the logic would be as good to-day
as it was then. Further SOLDERING
the COurier-JOurnal says that the peo-
| pie of this country do not want a dol
| lar that is worth one thing to-day and
another tomorrow" and that 1.-The only
honest dollar IS the 1OO-cents dollar
The gold dollar, then. Is the very thing
that the people do not want. Measure
it by anything in the world except its
precious self and its value has fluctuat-
ed widely and violently. But the "only
| honest dollar is the 100-cents dollar"
| Then there never was, and in the ma.
ture of things never can be. such 4
thing rs Il dishonest dollar, for there
never was and never can be Il dollar
that is worth less than 100 cents. fol
| the very simple reason that a cent is
the hundredth part of dollar. ST
long as the law holds good that the
whole is equal to the sum of its parts
one dollar whether the monetary stand
ard be gold, silver, pewter or paper
will be worth 100 cents. Ii would have
been just as sensible to have said that
| an honest dollar is a dollar that i.
worth two half dollars 1t would be
difficult 10 conceive Of anything more
nonscnSical than this effort to test tn.
stability of anything by measuring i
by itself. The value of gold dollar
never changes. because il is AWAY:
worth 100 times Us much as the LOO
part Of itself. And helpless imbccile.
who jabber such Toulouse talk as thi.
are set up as teachers of financial wis
dom. instead of being sent To the goose
lot to converse with their kind,