The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-07
IT'S ALL SIMPLE ENOUGH.

What is wanted in the way of relief
from hard times and the increased
weight of old debts is not mere in
/ crease in the volume of currency"
! but an increase in the volume of actual
money" of ultimate redemption, an
/ increase Of the kind of money that will
meet every contract There are now
outstanding almost 500, 0O0, 900 Of legal
tenders and treasury notes, which are
redeemed in gold" They should be
redeemed in "coin." If made redeem
able in coin" there would exist no
longer the necessity of trying to main
tain hundred million gold reserve by
selling gold bonds. This five hundred
millions of paper money will have to
be cancelled, or made payable in ''coin,"
otherwise bonddickering swindles will
be carried on at the expense Of the
people indefinitely. This seems simple
enough. That five hundred millions
Of paper can be utilized over and over
again and forever until all the gold of
the world has been sold to the United
States over and over agin. Made pay
able in either gold or silver and the
hundred million of gold reserve need
not be disturbed in the next hundred
years There would be no use or
sense in keeping such a vast reserve,
in fact. And that is simple.
The rule, or policy, of Cleveland
Carlisle means that all and every obi
CATION must be met with gold or that
which viii command the gold. SO as
gold advances in value through scare
ity, it takes more labor, more of any
thing, of everything, to liquidate an
obligation. That seems simple enough.
1t is simple enough to the Rothschilds,
MorganS and Belmont syndicates, the
simplest thing in the world, all the
more so that they have a corner on the
sole debt discharging medium.
! The trouble with the silver dollar to-
day is that it is clipped of its power.
1t is legal tender, except when other
wise expressly stipulated in the con-
tract. The exception destroys its
value as a money while its volume
is limited by denying it the same privi-
lege of gold in free coinage. With
Carlisle holding "coin" to mean gold,
silver is no longer money in any true
| sense, nothing more than token coin.
That is simple enough.
The increase of the volume Of coin
money, would increase everything, in
Guiding the price of wages and every
conceivable value, and yet rob or de-
fraud no one. The rich would be just
as rich, with an added opportunity for
the poor. And that proposition, also
seems simple enough. In stopping the
| constant Increase of the purchasing
power of gold the prices Of all things
else would advance to an equitable
standard and there remain compare
lively steady, and unfluctuating, ex-
cept in incidental cases of over or under
production, instead of evtrything, as
now, continuously falling just in the
ratio that gold keeps rising. And that
is simple enough.
Nobody wants to raise prices by de-
preciating the dollar, nor raise prices
by a fiat-infiation of currency. What
is wanted is more real money, an en-
larged basis for the business Of the
world, which can be had by the res
toraticn of silver to the help of every
body and to the injury of none save
those who would crush world by their
greed.
And that is SimDIe enough.