The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-11-01
FUNDAMENTAL PROPOSITIONS.
They Must Be Understood BY Those Who
Undertake to Settle the Money
Question.

VUeUSbUUs
The supply of money n lst in
crease with the increase of ropula-
ton and industry. Unless il docs
SO the value Of each dollar will rise
and the general level Of prices VIII
fall.
There is not gold enough now in
the world or annually produced 10
supply the basis for the worlds cur
rency upon universal gold stand-
ard, and to furnish the money ne
essary to keep pace with population
and industry.
If the United States, the greatest
nation in the world and the Target
producer Of silver, abandons the bi-
metallic standard and throws its in
fluence upon the side Of gold mono
metalism, it will not only increase
the strain upon gold, but will tend
to drive other nations from the use
of silver, and thus hasten the day
Of universal gold monometallism.
The destruction of silver as mon
ey and the establishing of gold as
the sole unit of value Throughout.
the world would result in the ap-
probation Of gold, because gold
would then he required to do the
work now done by gold and silver.
The appreciation in the value OF
the dollar is Of pecuniary advan-
'tage to those whom Senator Sher-
man described as Capitalists out Of
debt" whom Mr.. Blaine described
as "holders Of Investments which
WELD fixed return in money"
and whom Sec.et.,-y Carlisle des-
cribed in 1878 as "the idle holders
of idle capital, and is an injury
not only to debtor class, but to those
whom Mr.. Carlisle described II
ISIS as "the struggling masses WI
A produce the wealth and pay tiC
taxes Of the country"
The advocacy Of the gold stand
ard by the capitalist classes is da'
to the fact that the gold standar'
will be profitable to them, and mo-
to an unselfish interest in the res
r of mankind.
n The plan OF the gold standard I.
vocates includes the retirement O
the greenbacks and treasury note
}, by the issue of bonds and the fina
r Limitation Of the legal tender quall
ities Of silver, SO that gold will b
: the only full legal tender money
N and all other forms Of money vii
8 be non-le al tender promises to pa
} gold. This will leave the standar
r money OF so small volume as I
TT be capable Of control by the capital
i ist classes, who will then have tn
le rest Of the people in their absolu'
!. control.
Isl The United States has a Leg
D. right to redeem greenbacks e.
4 treasury notes in silver if it so q.
lo sires, and until it exercises tha
'e right the treasury j. at the mere
srl of those who desire to increase Ill
a bonded debt of the country, al
g who can at will reduce the gold r,
n serve for the purpose Of forcing a
a issue of gold bonds.
q Gold and silver are produced ]
a limited quantities and are thereto.
,e called precious metals. The go'
l. ernment by creating demand Il
err an article of limited production
Of can raise the price Of that artic.
m and by Offering demanl unlimite
at in proportion to the supply can +
y the bullion price Of gold and silv'
* at the mint price.
I'd International bimetallism is r.
It. probable at all, and is advocate
to most by those who, desiring a go
u standard, do not want bimetallis
IS. under any circumstances.
to This nation is great enough
e. legislate for its own people Oh 9
q subjects, and cannot afford to 81
40 render its people to the legislati
.t- control Of any other government
IL |earth. Hon. VIM. J. Bryan.
he