The Wichita daily eagle., 1895-04-25
WE WILL KEEP GRINDING.

1t is the facts of history and of eX-
perience that put the gold-bugs at such
a disadvantage in their arguments and
pleas for ''honest money" The facts
which put them in hole and shut their
mouths, confront them in every at
tempted statement Thus confronted
the Washington Post, a gold-bug paper
says if it is fallacy, as claimed, that
the debtors obligation stands against
him, in full, but that his means of pay
ing have been reduced by One-half, that
the gold men had better explain the
fallacy and be quick about it If il
is not fallacy then the gold-bug will
find himself and inevitably in the
minority.
Whatever may be claimed or said,
one way or the other, it cannot be
denied that silver was demOnetized
for the purpose Of making gold more
valuable. By wiping out bimetallism
and parity value a single appreciated
standard was left not only, but the
money which was so left as such stan
dard was owned by the rich and held
by the banks.
What the silver men want. what they
demand. and what, being in the ma
jority, they will have. is not only 4
parity of value but the advantage Of
double the amount Of worlds recog-
nized money-that the value of which
silver was robed. through discrimin-
ating law, shall, in being restored, in
crease the debt paying power Of the
country by fully one-half. Gold was
the cheaper money at the time silver
was demonetized and silver wouldn't
have been discredited had no Ameri-
can silver mines been discovered or
worked. However, as the production
Of gold is now greater proportionately
than that Of silver, who knows but
that the rehabilitation Of silver would
make that metal dearer than gold at
the old ratio?
Up to the time Of the demonetization
of silver it had been the money of the
world, more truly perhaps than it had
been the money Of the United States.
In fact at the time of the demonetiZa-
ton but one nation on the globe held
to gold as the standard Of value.
The plea that the goldites set UP that
silver was knocked out by law be-
cause the people would not employ it,
is fallacious. OF course a man does
not want to go carrying around on
his person a hundred dollars or so
in silver, neither does he of gold. AS
for the complaint that silver is not
there is nothing TO the declaration.
Money may be inconvenient to carry
but its necessity all the same. How
ever, hundreds Of millions could be put
into circulation and made to do all the
ordinary every day transactions Of life
If no bank note under ten dollars was
printed or allowed, and In compelling
banks to employ it for their reserves.
To get right down to the root of the
whole matter, England our commercial,
manufacturing and monetary master,
decided that the only way to hold us
in its financial clutches was through
or by a gold standard, and incidentally
free trade, and with a modicum of that
same gold they purchased the demon
citation of silver. Two hundreds of
millions of this appreciated metal is
annually paid Europe in the way of
interest and the like, greater amount
than is furnished by all the gold mines
Of the world, and the only thing they
have to reply when we ask them where
are we to get all this gold is the ever
impertenance "if you don't want to be
considered dishonest then pay us
honest dollars" This after they had
robbed us Of half of our honest dollars
and forced a double value on their own
is simply dishonest.