Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1895-08-15

it will take about 80 pounds Of silver
to buy one pound Of gold. And the
same holds good as to the general
value of properly. AT the Brussels
conference in 1892, the tables Of Soet-
beer and Of the London economist
were exhibited, and were admitted by
the conference to be correct which
showed that the general prices Of
property had fallen since silver was
demonetized fully 40 per cent. Since
that time the fall has been much more
rapid, and it is safe to say that since
1879, the fall in general prices, in.
GLIDING that Of labor if the unemploy-
ed be considered, has been over fifty
per cent. In other words it will take
as much again property to buy dol
lar us it did IN 1873. This shrinkage
or loss IN value Of property falls on
the people
We are told, however, 10y the gold
monometallists that times are good,
that there is a plethora Of money in
the banks. The boarding Of money
in the banks indicates stagnation of
business When business is good in
yestments are made, and there IS a
greater demand for money and conse-
quently no boarding of it In the
banks. No business, no demand for
money-unless to pay debts
In our Judgment the American sys-
tenn of protection, one Of the main
tenets of the republican party, is i'm
practicable and cannot be sustained
in the absence of bimetallism. Gold
monometallism and free trade must
20 together, Protection increases the
cost of production while single gold
standard decreases the value of pro-
perty. When the cost of production
exceeds the value of the commodity
produced either the manufacturer or
the consumer must suffer. Ii the
manufacturer cannot sell his manu-
featured goods for what they cost
HIM he will not be likely to continue
his business very long. AS declared
by G. NJ. Pullman, in his public state
ment, New York Tribune July Ia
1898: "The business depression ex
istlng throughout the country hat
naturally resulted IN wage .depres
sion, and the only hope Of getting
orders was by bidding for work a
prices as low, or lower than could b
made by other shops, and this o
course necessltated a reduction il
wages Of the employees at Pullman.
The consequence is strikes, lockout
> and bread and other riots, Thes
are indigenous to the countries whicl
maintain the single gold standard.
The maintenance of gold mono
metallism necessarily results in tn
humiliation of our national currency
which has been the pride and boae
:. of the republican party. The recen
9 raids upon the treasury fully verif
this fact. In the democratic admins
tration of President Cleveland gu
= national currency has an inveterat
: foe. Next to the hatred Of unto
a soldier is that of q greenback. The
h can never forgive 1t for the part
r played in suppressing the rebellion
. They desire to supplant it with Il
wild cat" or state bank currency
q anti-bellum days, The declaration
!. the democracy in the Chicago pla
/ form, favoring the repeal OF the
= per cent tax on state bank issues WI
j. for this purpose.
q The war cry OF the democracy
Ia proclaimed by its president, Is, I'll
g. government must go out of the BAN
r. mo business" And still more elabo
Il ated. The absolute enforcement
the government from the banklr
10 business Is the ideal relationship
" the currency of the country" Ii al
d further proof were lacking in tn
b. matter the plan for currency reform
al as urged by the president and 81
:. bodied in the bill by Secretary Ga
y Isle to the committee on banking al
D. currency Of the last congress, full
le supplies 1T.
l. In an address delivered by exec
= gresham Harter, OF the colnaI
b. weights and measures committee
70 the last congress, before the sta
a bankers association at Saratoga, Ne
= York, on July II, 1895, is embodl'
- .oroe;tion of the democrat