The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1895-08-22
FUNDAMENTAL PROPORTIONS.
:hey Must Be Understood by Those Who
Undertake to Settle the Money Question.


! they Must Be Understood by Those Who
Undertake to Settle the Money Question.
The supply Of money must increase
with the increase of population and in
dustry. Unless it does so the value of
each dollar will rise and the general
level Of prices will fall
There is not gold enough now in the,
world or annually produced to supply
the basis for the worlds currency upon
a universal gold standard and to fur
! n1sh the money necessary to keep pace
with population and industry
Ii the United States, the greatest ma
tion in the world and the largest pro-
ducer Of silver, abandons the bimetallic
standard and throws it's influence upon
the side of gold monometalhsnl, it will
not only increase the strain upon gold,
out will tend to drive other nations from
tho use Of silver, and thus hasten the
day Of universal gold monometallism.
The destruction of silver as money
and the establishing of gold as the sole
unit Of value throughout the world
would result in the appreciation of gold,
do the work now done by gold and sill
yer. -e.-.-.
The appreciation in the value of the
dollar is Of q pecuniary advantage to
those whom Senator Sherman described
as "capitalists cut Of debit" whom Mr.
Blaine described as ''holders of invest
ments which yield d fixed return i'll
money, and whom Secretary Carlisle
described in 1878 as 1.-THE idle holders
of idle capital, and is an injury not
only to the debtor class, but to those
whom Mr.. Carlisle described in 1878 as
the struggling masses who produce the
wealth and pay the taxes of the cou1l-
try"
The advocacy Of the gold standard by
the capitalist classes is duo to the fact
that the gold standard Will be profitable
to them and not to an unselfish interest
in the rest Of mankind
The plan OF the gold standard advo-
Gates includes the retirement Of the
greenbacks and treasury notes by the
issue of bonds and the final limitation
Of the legal tender qualities Of silver, SO
that gold will be the only full legal
tender money, and all other forms of
money will be nonlegal tender promises
to pay gold. This will leave the stand
ard money Of SO small volume as to
be capable Of control by the capitalist
classes, who will then have the rest Of
the people i'll their absolute control.
The United States has legal right
to redeem greenbaoks and treasurvnotesz
i'll silver if it so desires, and until it ex
erclses that right the treasury is at the
mercy of those who desire to increase
the bonded debt of the country, and
who can at will reduce the gold reserve
for the purpose of forcing an issue of
bonds.
cold and silver are produce1l in linz
tied quantities and arc therefore called
precious metals The government, hy-
creating demand for an article of linz
Tied production, can raise the price of
that article, and by Offering a demand
unlimited IN proportion to the supply
can Tx the bullion price of gold and sill
yer at the mint price.
International bimetallism is not nrob-
able at all and is advocated most nv
[hose who, desiring gold standard. do
not want bimetallism under any circum-
stances.
This nation is great enough to legis-
late 1or It's own people on all subjects,
md cannot afford to surrender it's peo-
lie to the legislative control of any 9TH
r government on earth. Hon. William
J. Bryan.