Alma record. (Alma, Mich.) 1878-1928, 1895-06-14
M MATHEMATICS.

now, for the inst time, boldly declare
that the expansion or contraction Of
the money Of ultimate redemption has
no influence whatever upon the price
level IF commodities thoughtout the
world. Some of them know better,
but large proportion of our fellow cit
liens are bliudly following leaders
whom. as busy men, too busy 10 think
they have fallen into the habit of de-
ferring To and who would now take adj
vantage of the situation by betraying
innocent people into their own undOing.
Consider the audacity of these false
leaders in the light of the fact that they
question the truth, non only of set
tied principle OF all time, but the verify
OF mathematical demonstration.
Here is problem. Pass it around not
only through the metropolitan but the
country press until every American
gets ii fixed in his mind.
1t is a axiom that what is true of any
number in figures true of every multi
Pile of that number whether it be great
er or less than number. The various
figures are governed by the same laws
By common consent there are now
about 5000 million dollars of gold and
silver coin in the world divided into
nearly equal parts BY the act of 1873,
and subsequent enactments eliminating
in Mr.. Cleveland's and Carlisles ruling
against silver. silver has been struck
down, rs money of ultimate redemp-
ton, and has ceased, for the time, TO
be a measure of value any more than
bank notes or any other form of token
money. This reduces the money of
final payment in the commerce of the
world to practically 1000 millions of
dollars.
Suppose now, we continue the pro-
cess in order TO illustrate the principle
for which we contend. suppose. by
common consent all Of the gold in the
world were destroyed except one thou
sand pounds. That the law remained,
as now. declaring this thousand pounds
to be the only and sole money of final
payment. Prof. Laughlin would have
Us understand that this would not effect
anything and would point to his dia-
grams and talk learpedly about the
.vaust amount credit money" as con-
trolling and paralyzing the gigantic
power of this one thousand pounds
But let Us see This one thousand
pounds belongs to. that benevolent
philanthropist, Baron Rothchild. He
gets a notion into his head, some fine
morning. that our professor ismistaken.
He takes one thousand pound bank
note of the Bank of England and walks
up 10 the redemption counter and de-
mands its redemption in gold. The
bank has not one cent Of that cOmmod-
ity which the philosophy of the profess
sOr teaches Us to be OF such little inn
portance. II is all locked up in the
Baron's strong box. The Bank would
be compelled perforce to procure II
it from him on his own terms; and, as
a matter of law. a crisis would be pre-
sented in which one man would hold,
in the hollow Of his hand, the fate of
the commercial world. For a frag-
ment of his treasure as large a pins
point he could demand billion pounds
sterling in value in other property. At
his command every bank in the world
could be closed TO pay that one note
he could exact every foot of property
real and personal in the United King
dom, and both hemispheres. At his
nod every government on Earth could be
toppled 10 its fall and the universal
chaos and anarchy. which the childish
teachings of "the new school" directly
tend to bring about would be accom-
plished.
Oh but they say, your suppostion is
extravagant and impossible of accom-
plishment. But does it not illustrate
mathematical precision our contention
and bring into delision and contempt,
in the forum of every unsellish and
sincere mind. the phenomenal pro-
position of "new school of philOsO.
pliers? Does it not uncover the menda-
city Of these false leaders who talk 50
gliblv of the ''silver craze" the here
sizes" of .'the financial school and de-
nouuce as "anarchlsts every man
who dares 10 advocate the faith of the
fathers. baptised in the blood of heroes
and handed down 10 Us crowned and
sanctioned by the wisdom of centuries;
Wisdom that these modern anarchists
anarchists because of the tendancy of
their false teachings now have the
temerity to challenge?
What would be true in the SUPPOSE
titlous case is equally true, in modelled
form. under our present conditions
brought about by the greatest crime in
modern time which the American SOW
ereign proposes to grapple with hand
of iron and strangle With only 1000
millions of money of ultimate REDEEM
ton, with twO-thirds of it locked up in
the war chests of the nations and the
various preserve funds it has become
to be an easy matter for the money
gamblers 10 control and manipulate the
markets of the world for their own en-
richment at the expense of the cruel
poverty of their fellowmen and it is for
this government to say, Just as it would