The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-06-05

not warranted We contend that is not
so much the want of more money that is
causing the hard times as the want of
money at the old prices.
Remonetize silver, and the demand for
gold will be lessened by about One-half,
and it's price will be correspondingly
lowered.
The so-called honest money men are
trying to hoodwink the people by telling
them that now as we have stopped coin
ing silver, and there is no danger of be-
ing flooded with it, the paper dollar and
the silver dollar already coined is worth
Just as much, and will buy just as much
as gold dollar This is true, and why?
Simply and only because the people have
faith that the government of the United
States will give us gold for our paper and
silver should we demand it.
If their claims, then, are true, that all
money is worth just as much as gold
(whatever the reason may be), and If 1t
is true that gold has about doubled in
value, then it must necessarily be true
that all other money has doubled in
value, then it will take twice as much OF
our labor and products to get dollar
now, as it did before silver was demon
etized
Every bond, mortgage, or other evil
dence of Indebtedness must have doubled
in value, as they are payable in money,
and not in labor or products. A mort
gage calling for the payment of $1,000
before silver was demonetized still calls
for 81 900, and it now takes twice as
much of our labor and products to get
the 81 900 as it did before.
Who, then, was benefited by the de-
monetization of silver? The bond holder
%ho nf Wnr16-ln
other words, the entire creditor class.
By this legerdemain of legislation
every man who was out of debt and had
dollar or bond or mortgage calling
for a dollar became Tin round numbers)
twice as wealthy, because his property,
VIZ: money bonds, and mortgages, had
doubled in value; and every man or cOun-
try that owed a dollar became CORES
pondingly poorer because the thing he
owed. viz. money, had doubled in value,
and it required twice as much of his prop
erty, viz, labor and products, to get the
money he owed.
The goldbugs say to the laboring man
and the producer: "True, you don't get
as many dollars for your labor and prod
ucts, but when you do get dollar it will
buy twice as many necessities OF life as
before, hence, you are not injured"
Our answer TO tnlS is. we WANT SOme-
thing more than the necessities of life.
We are in debt, and we want the right
to pay that debt in the same kind of
money and money of the same value we
promised to pay. We do not want to be
compelled to pay in dollars worth twice
as much as the dollars we promised to
nav because it will take us twice as long
to get out of debt, if we can ever earn
enough over and above our living to pay.
To illustrate: A man is earning IS per
day It costs him So per day to
support his family. This leaves him
50 per day to apply toward the payment
of the 81 900 mortgage on his little home.
Silver is demonetized. Gold becomes
doubled in value. And all other money
| being on a gold basis is also doubled in
value He gets $3.50 per day wages. He
can, of course. support his family on
$3.50 per day. as a dollar will buy twice
as much as it did before. This leaves
him 81 per day to apply on his mortgage.
The mortgage still calls for $1,000, but
it will keep him shaving twice as long to
get the $1,000. as he only has surplus
of 81 per day instead of 81 as before
This applies to every man, every cor
poration, and every country that was in
debt when silver was demonetized.
| Honest dollar, indeed! A more dis
honest dollar never was in circulation