Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1895-09-13
"a sTi II Y & q WI,
Y Philasisip mia ripper Il, rriss ~ Create :

4 w sPhiladelphia Paper sIriss 81 Create :
Ciass Prejudice.
Il II s355 The Philad lphia Manuf act1rer ID OPP
posed To our present standard Of value,
Il and sis trying to secure the adoption Of
u what IN calls I. metal lism, " but what
Il would i'll reality be a sing le silver stand
I ard. Writing 81 the fall III prices, which
liz claimed by silverites to be due to the
use OF gold as q measure Of values, Tho
Manufacturer says, & A dollar Of high
purchasing power is q good thing only
\ for roducers,'' and argues that "the
\ dollar has been given artifcially high
& purchasing power solely that the few
h might enrich themselves at the expense
u the many. & ss n i.s III 5s5 /.
This attempt to create class preju-
dice against the gold standard on the
! ground that it was designed to benefit
a. few nom producers at the expense Of
the many would be more appropriate
4 for q Populist or socialist paper than a
journal published for business men.
Not only are the statements untrue, but
they are designed to appeal to the envy
and hatred OF those who think that
4 their failure is due to the success Of
\ others. This is not the temper in which
the impor liant question Of money is to
be discussed and settled. "a - @..s
Y The claim that only nonproducers are
benefited by dollar Of high purchasing
power is SO lnanifestly absurd that it is
hardly worthy Of contradiction. There
are about 25,O0O,00O adults in this
country, Of whom ninety nine one-hun-
dredths are producers. The millions Of
working men and women in mills, fac
tories and stores and on railroads and
steamboats, are all producers. Are they
not benefited by receiving their wages
in dollars which will buy large amount
Of goods, instead of the reverse? Will
The Manufacturer have the audacity to
say that cheap dollar which would
buy less goods would be greater bene
fit to this host Of producers? .r-
I Then we have the great agricultural
interest, with its millions Of workers
producing grain, cotton, etc. No one
will deny that they are producers. Yet
are they not benefited by receiving mon
.ey which has a high purchasing power?
lis there farmer in America who does
not want, SO far as he is personally con-
-cerned, the dollars which will bny most,
Of all the things which he consumes? If
there are any who prefer the other kind
they could easily be accommodated with
Mexican dollars, (which will only buy
G2cents' worth Of goods in this country.
There is absolutely no basis for the
charge that the value Of our present dol
lar has been artificially increased Gold
ss money is worth just as much as in
bullion, and 10 more. It's value is not
Affected by law, and it is therefore Who'll
Jy untrue that it is designed to enrich
the few at the expense Of the many. The
money Of this country is the same for
rich and poor. 1t gives no favor to any
class, nor does it discriminate against
the few or the many. It serves the in
terests Of all alike, and only demagogues
will pretend that it is maintained for
the benefit Of nonproducers or q limited
class Of rich men. "A standard Of values
which measures alike the workingman's
-wages,+the farmers products and the
manufacturer goods cannot, with fair
i,ess, be said to artifcially reduce prices
il the interest of any class.
20 y