The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-05-08
DOLLARS OR WHAT.

4 DOLLARS OR WHAT.
1 What the silver men demand is tina,
| silver shall be again given an equal chanc,
| with gold to keep its inside or metal value
| that if gold under such conditions should
| still retain d greater or disproportionats
value TO that stamped on it's face, a:
measured with silver and other values
| that il should be cut down by just SC
| mUch in its weight.-Wichita Eagle.
The Eagle is a free silver paper, and
| is well posted on the question. 1t states
! in the paragraph quoted the whole silver
| idea, and that is silver fnonometalism
pure and simple. its own statement OF
| the case is the strongest argument that
/ could be made against the free and un.
| limited coinage of silyer.-Lawrence Jour
| nal.
Gold and silver money differs from
| other kinds of currency in that. in ad.
dition to being currency it is a
| money which carries within the body
of the metal of which it is composed
. its face value, thereby becoming money
, of final redemption. The value of the
contained metal of such coin is deter
mined just as the value Of all other
products or values whatsoever Thus.
VI udNt Ut
come the standard of measurement of
the exchangable value of every con-
ceivable material thing, and of every
thing not material which could be
forced into the commercial realm. This
being true, and we leave it to the
Journal to say whether it is or not,
the Importance of the value, or pur-
chasing power of the metal contained
in a coin becomes at cnce fundamental.
We therefore said that whereas the
bullion in a dollar of silver as COM
pared with all other commercial or
eXchangable values, had held its own,
there remains no honest reason for its
attempted diScredit by the law-making
powers Of the nations. Upon the
other hand, If it is fact. and can be
shown, that owing TO a curtailed pro-
duction, or from other agencies, the
metal in the gold dollar has become
TO be Of a disproportionate exchang-
able value, if a greater purchasing
power, as measured by all other values,
that then the gold dollar ought to be
forced to conform with the general
level of all things else, by cutting it
down by just so much. Because the
metal in the gold dollar cannot keep
pace with the development and growth
of the worlds business and population
and thereby becomes an exaggerated
value as a standard of measurement,
where can be the dishonesty in regu-
latlnS its size so that it shall conform
TO the general range of others values
Either from curtailed production, Or
from corners, from demonstration OF
silver, or other manipulation, the metal
of which gold dollar is composed.
has for several years, steadily appre-
ciated until it is becoming only ques-
ton Of time when the owners of the
gold will be also the practical owners
of the world and all that there is on it.
There is no fiat" in this talk. 1t
is from the gold-bug creditor stand
point with the single standard idea
complete ignoring Of the
fact that d great majority of author
tiles have declared money to be the
creature Of statutory law, and of the
declaration Of our own federal con-
stitution which vests the money power
in the hands of congress.
II we must have but one basic value
and that a metal measurement, which
shall redeem all financial obligations.
wouldn't common sense dictate that
such metal should be commensurate in
existing quantities and in new annual
production. as would keep pace with |
the growth and development of all |
things else, including the increasing
uses for money, and an ever increas- |
ing population? Otherwise make the |
of some gem the stan |
dard measure Of all values, or 80 back |
to the primitive barter, or to shells |
coonskins and wampum.