Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-11-29

:" HE London Times, which is the
particular and especial organ of
British interests, puts the whole
money question in Il nutshell as fol-
lows:
1T seems impossible 10 get bimetal-
lists TO understand that there is quite
large number of us for whom a gen
eral rise of prices has no charms what
ever. We like them low, and the low
er the better. If they all went down
TO half their present figures we should
rejoice, because we have nothing to
sell and a great many things TO buy.
For those who have things to sell we do
not feel any great concern"
Now, says the Atlanta Constitution,
this is all there is in the whole business.
The London Times speaks for what is
technically known as the city-the
banking intereSts-the interests of
Lombard street. When it says 1--WE
have nothing TO SELL" 1t speaks for the
large and growing class in this coun-
try and in England that produces moth
ing-the class that collects its annuities
and clips its coupons, having nothing
to sell and everything TO buy.
Honest people ought to be thankful
to the Times for speaking out so plain
~. 1t states the whole case in nut
shell. 1t speaks for the whole class Of
those who have nothing TO sell, but ev-
erything to buy. This class represent
ing one man in every one hundred thou
sand of the worlds populatiOn-maybe
less, is undoubtedly right in desiring TO
make prices lower and lower all the
time. They care nothing for the pro-
gress of the world, nor for the state Of
business. All that they are interested
in is the increase in the purchasing
power of the money in which their
debts. and the interest on them, are
paid.
That is the main thing. They do not
look to the future, nor do they antici
pate moment when their debtors will
be unable 10 pay in gold. They know
that if iiquidat ton occurs they will get
in the neighborhOod Of gold values for
whatever may be realized, and so they
are content TO wag along under the
gold standard. which makes money
dealers richer and all producers poorer
The Constitution has stated hereto
fore that the money question was mere
ly question of prices-a simple con-
test between those who deal in money
and those who buy money with the
products of their labor. The London
Times, the organ Of the British gold
monometallists, makes this perfectly
plain when it says that "a general rise
In prices has no charms whatever" No
charms, of course to the creditor class
for then debtors would be able to pay
their debts on easier terms. Producers
would have TO give a less quantity Of
their cotton and wheat in order to pro-
cure a given quantity of debt-paying
and taxpaying money.
When the Times SAYS that "a GEN
eral rise in prices has no charms what
ever" it means that general prosperity
in the United States has no charms
whatever for the British shylock We
have no criticism to offer on the some
what selfish remarks of the Times.
From the point of view of an organ of
British Interests the Times is undoubt-
edly correct. A general rise of prices
in the United States-or, what is the
same thing, general prosperity
of helping Great Britain, would hurt it,
and hurt it very seriously. 1t would
have to give larger amount of gold for
our products-for our cotton and wheat
nd r0culf
tremendously cut down.
Great Britain is the buyer of cotton.
wheat and other staple commodities.
and the people of the United States are
the sellers. A general rise in prices
would bring about general prosperity
here at the expense of Great Britain.
The gold monometallists would declare
that we had no sound money; but prices
would be sound, and Great Britain
would have to give up her sound
money in order to obtain our cotton
and our wheat.
The whole business is as simple as a
sum in addition to those whose minds |
are not confused England, being the
buyer of our food products and of our
raw material, is interested in low ;
prices. The people of the United States.
being the producers of food products
and the raw material that Great Brit |
ain is obliged to have, are interested
in higher prices.
BY remOnetizing silver, they can, at
one stroke, secure higher prices and a
return Of prosperity. The question is.
will they allow the politicians to fool |
them In this business?
Not a Novelty.
Bimetallism is no novelty. 1t is f. |
900 years old. Gold mOnOmetallsm is |
not yet 90 years old i'm this country, not |
% years old. Bimetallism for centur-
les was triumphant success. If we |