Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1895-10-31

was left crippled by limited coinage. None
Of those rights were conferred ON " en-
i joycd 10y gold and that are necessary un-
I der true Dimctalllsm TO restore parity IN
commercial value between the two metals.
f Neither was full legal tender given to it.
] \ clause was inserted: Unless otherwise
] provided In the contract This gave the
money power an opportunity to continue
their war on silver The country was iloJi-
gold. and when the law thus conferred the
option of the creditor as to which metal
Ism was violated Where before lS3 NE
debtor, having the option, gaye u TO tle
weaker metal 10 either VAS, ana thus malI-
tanned the commercial party, the bi2nI-
T Allison act gave the option to IN" creditor,
VINO would always demand the deater metal
and the dcarer 81 became the more, Hpt
he would be to demand IT,. Instead o' the
government dlctating what was money bN
this act tho creditor was allowed to die
tato. and since then the money lenders
up In lliIions OF dollars worth OF bonds,
notes ANA MORTGAGES payable IN Iul4.
THE debtor, as a rule, has no option Wneh
De goes 70 sgn note for borrowed money.
20 him that he is putty ia The hands Qf
the money lender Nor does be as rule
know that he IS assisting in pilinE the de-
manl on gold and. further increasing rs
value He is hopeful auu expects ihe 70
morrow to take care Of Itself, When he
goes 10 pay th" debt De unds mat prices
have fall,n and that he has TO give mp
UhaUge for sold or It's equivalent
FALLA'IOCS CLAIMS.
T'hoy say We need less money now than
RankiIg statistics show that the nctnai
money used tn the settlemeut Of checks,
drafts and other substitutes for money IN
1850 was 3 per cent Of the gross lIAHt-
antIous, and that this percentage had grad
utIly increased t.ll 1T is now per cent;
rHus showing that more money i needed
now than formerly rms u. tIu. NO. 20 q
greater extent In our private expenses.
Forty years ago family needed very
ultlo ready money at hand. whereas now
'a,o or three times as much money is noHd-
rl iu our family expenses NJ then. fur'y
years ago man would 20 on a journey
so n" Travelled 10y team, stopped WIN
hosptagl" people and hE eNpehse was
+ lshl Nuw on "a trip Of thirty days On
average man VIII spend thrge times so:
1ren people travelled short distances ana
Inv ~ money thoy used was small. Now
We travel FAR ard Use more money IN me
don of business NOR" money Is needed IN
the exchange ot products to rta"n the
consumers. with a more rapid circulation
Of the blood In the human body more hi4'i
Us needed, ITS absorption and evaporation
/ is greater And SO Il is with moro rapid
4 circulation Of the blood OF commerce, N q
Thus need NOR. money than formerly They
say checks take the place OF money. III
bank. you must have the money IN the
Tthi@y say improved facilities and not de-
/ The answer to that is this: From $50
to 1893 was n period Of great improyyss,m,,,GInst
.
greater by far than for the same, period
/ either before or since and yet in the race
/ If Improved facilities have lowered prices
( since 1873 why did they not do IL before
lsl$? Cost OF Proauet9,n Is r,g not &, W4et t5,!
1t * the relative quantity Of the two.
money and property, and the demand f2r
way: The exchange value between who1t
aud, corn rs say ,at the present time, Two
I quantity OF corn In existence is small and
J the demand great, one hushel OF corn may
So increase in value as 20 exchange for a
/ two bushels. The cost or raising The corn
Sxgfanacable value Win wheat. So in
exchanging our property for money the
cost Of neither has anything to do with
were rising as against improved facilities
/ Why Because thos" same improved IA
( gold and silver up to lsGl. After that year
| We substituted papcr money In sun larger
/ ties may be said At times 10 cause over
/ Industrial history shows that this never
/ occurs covering a period Of even few
[ years The producer ana manufacturer
/ feels the m2rkgt and knows about the
/ supply needed The mistake may be made
| second year. There is no such hing os
oygTproluet|ou, $50 long as tens of thou-
sands are going half naked and hungry.
We must look deeper for the cause of our
They say we have as much money now
/ Per uapita as I'm 1873 TN, answer Is this:
had In 1873. But over two.thirds Of this
+ third i7 gold or primary money 1t IS
. thor5 fore toph.ayN. IL shakes confidence
money fixes the Sea iIGyel OF prices s''','1 aai
+ VIII support only an equal quantity of
. money Goes not hvlp ihe situation, hut ON
.I' 'ouV4lE. n Us harmful. We have less