Marble Hill press. (Marbel [sic] Hill, Mo.) 1881-1923, 1895-07-18
necessary to keep pace with popu'
lation and industry.

ldllOn duu lluuSu5'
3. Ifthe United Sta ties the great
est nation in the world, and the
largest producer Of silver, abandons
the bimetallic standard and throws
its influence upon the side of gold
m0nometallism. it will not only in
crease the strain upon gold, but
will tend to drive other nations
from the use of silver and thus has
ten the day Of universal gold mono
metallism,
i. The destruction of silver as
money and the establishing Of gold
as the sole unit of value througOut
the world would result in the ap-
probation Of gold, because gold
would then be required to do the
work now done by gold and silver
5, The appreciation in the value
Of the dollar is ofpecuniary advap-
tage to those whom Senator Sher.
man described as capitalists out OF
debt" whom Mr.. Blaine described
as "holders Of investments which
yield fixed return in money" and
whom Secretary Carlisle described
in 1878 as "the idle holders of idle
capital" and is an injury not only
to the debtor class, but to those
whom Mr.. Carlisle described in
1878 as "the struggling masses who
produce the wealth and pay the
taxes Of the country"
6. The advocacy of the gold
standard by the capitalist classes is
due to the fact that the gold stand
ard will be profitable to them and
not to an unseltish interest in the
rest Of mankind,
7. The plan Of the gold stand
ard advocates includes the retire
ment of the greenbacks and treas
ury notes by the issue Of bonds and
the final limitation Of the legal ten
der qualities Of silver so that gold
will be the only full legal tender
money, and all other forms ol
money will be non-legal tende,
promises to pay gold. This viii
leave the standard money Of Sc
small volume as to be capable o
control by the capitalist classes, whe
will then have the rest of the peo
| pie in their absolute control.
| S. The United States has a lega
right to redeem greenbacks anc
treasury notes in silver if it so de
sires, and until 1t exercises tha
right the treasury is at the mere,
| Of those who desire to increase tn
| bonded debt Of the country, an,
| who can at will reduce the gold re
serve for the purpose of forcing al
| issue of bonds.
| 9. Gold and silver are produces
in limited quantities, and are, there
Iore, called precious metals, Tn
government, by creating deman
Tor an article Of limited productlor
can raise the price of that article
and by Offering demand unlimite
in proportion to the supply can ii.
the bullion price Of gold and silve
at the mint price.
10. International bimetallism i
not probable at all, and is advocate
most by those who, desiring gol
standard, do not want bimetalhsr
under any circumstances.
II. A change in the ratio, Sc
cured by increasing the size Of tn
silver dollar, would require tn
coinage of silver into larger dollars
and therefore would result in rt
: duction in the volume of the money
: If. for instance, the ratio should b
changed from | to Is to l to 32 b
international agreement, and silve
coins should be doubled in weigh
to-correspond with the new ratio,
| would cause a shrinkage Of one-haI
of the silvermoney of the world, tba
is, shrinkage of one-tourth of tn
total metallic money Of the worlt
and thus would increase the burde
; of debt by many millions of dollar
and bring a great advantage to tb
| capitalistic classes
II. This nation is great enoug
to legislate for its own people o
all subjects and cannot afford I
surrender its people to the legisl'
tive control of any other gover1
ment on earth.
| i