Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-08-22
THE MODERN DOLLAR.
WHO OWNS 1T AND WHAT IT
WILL BUY.
Unjust Discrimination Against Amer.
lean Farmers Cinch Which the
Gold Syndicate Has Upon the Poo
ple-MexicO n Sample Silver Country.
Cost Of n Gold Standard,

Cost OF Gold Standard.
1t is generally conceded that the ag-
gregate of all classes OF American debt
held abroad is five billions of dollars,
which must be pail in gold, rcache-
DO millions annually. In 1872 the
world produced $196,605,00 in silver,
and $50, ST. 900 in gold. Derlucting
~ per cent. used in the arts and sci
enceS, we have left for money purposes
only $196, 454 900. With the output Of
both gold and silver for the whole earth
aggreSating only 197 millions, how can
we pay annually to Europe ID mill
ions in gold? Surely no one would ad-
wise new bond issue every time the in
tereSt fell due; even Il Zulu would stand
aShast at such a proposition. But how
are we to pay this interest? 1t is scri-
Gus question, and touches the very life
of the American people. The foreign
erS who hold the debts and their Amer
lean agents-nOn-produce nearly ev
cry one of them-see clearly that ii this
interest could be paid in the products
of labor-cOttOn, wheat and cOrn--that
the gold would remain in this country
to be manipulated as they see TT. So
for, they have enforced this policy, and
make it possible for England to say 10
us with brutal frankness: Il want cot
ton, wheat and corn to clOthe and feed
my millions You Americans raise Il
very superior quality of these articles.
Put them to me cheaper than they can
be produced in my own India and
Egypt-wherc labor is only ten cents
per day-else l shall buy from them,
and destroy your national credit by de-
handing your interest in gold Thus
do American wheat, corn and cotton so
abroad in settlement of at least So or
so per cent. of our foreign Indebtedness.
No wonder these conditions suit the cor
pOrate greed of this country, and that
it is fighting 50 hard for n perpetuation
of its interests. Pile up the debt. Con-
tinue the promises to pay in impossible
gold. What care they? The farmers
products. competing with India and
Egypt, pay the foreign interest, and
pittance of gold remaining here, as
basis for the expansion and contraction
of national bank paper, gives them an
other lever for reaching the property
of the mechanic. the carpenter, the
brick-layer. the stone-cutter and every
class of labor. Notwithstanding these
facts. so we'll known TO the world, the
greedy holders of these tremendous
credits, with their horde of agents.
tools and puppets. have the tcmerity
to stand up and declare that they adyO-
cate the use of an honest" "truthfuf'
dollar-a dollar which, as far as the
masses are concerned, might as well
have no existence. Thus, then. Is made
possible n gold standard in this cOun-
try, but at what Il frightful tost to the
producer. That it VIII drag him down
to the level of the n-cents-perday Ia
Dor of the Orient there can be no doubt;
but in the fall of the farmer, be it re-
membered. all things else must share
his fate. Every class of property
even in the city-is now beginning to
feel The pinch. Nor can we benefit mat
tiers in the least by res0rting to high
tariff. For the sake of argument. let us
grant that such policy would drive Ia
Dor up in certain manufacturing cen
ters-in the East, for eXample-tO three
dollars per day This. however, would
simply defer the inevitable for 4 brief
space. since the producers OF the South
and West, competing with India and
Egypt, and selling their products Oh Il
basis of ten-ccnts-a-day labor, could
not long continue to purchase the out
put of the more expensive producers
of the East who were drawing three
dollars per day. Such policy would
eventually work as much ruin rs Il per-
petua! bond issue. Thousands are now
putting to themselves such questions,
and being unable to give satisfactory
answers, are turning to silver as the
only remedy. 1t can work no harm,
they argue, since If we had the whole
worlds output of both gold and silver,
it would not suffice to pay our interest
abroad. If the advocates of Sound
money" will elucidate just this one
point. it may be predicted with safety
that there will he no more silver craze"
to worry the life out of us, and to drive
to distraction the patient ana watch
ful souls of our great @ politicians.
The Worlds Money.
The total production of gold and sill
II, tho u-n.I1 from IN S,n v-l