The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-03-08

~ time IL is true that the ioans !;
6 ,ha associated banks in this city : !
ire yery great; but they are Largely 3 3
4 a financial character as ois'.n q
= ~; he'd from commercial variety, :
sud that liquidation, if called tor or :
ias; , red would not have the effect :
& an enforced commercial credit , ,
like that through wnicn
we have passed. 1
RESULTS FROM A GOLD PREAio"
II. as is greatly feared by many
in the ayment Of our dues aDIoau,
cold exports should become 50 lalge
as to put gold at premium IN TINS
|conntrv, (which is possible, as II al
ready is at premium in the ma
I;or;ty Of the countries Of Europe },
IL would raise the prices OF farmers
products, and all kind OF properly
and securities, except those whose
bonded obligations demand gold lor
Interest. to the amount OF the pre-
MUM. and the farmers, who repre-,
sent 40 per cent. Of the people anu
/, Who are mostly in debt, would have
1.-the benefit of paying their taxes, !
y interest and principal, and all otnel
fixed charges, in whatever none.
Ithev received for their products
and with smaller number OF oush
els of grain than at present; an AN
er ,hus in instances, avoid the bank
ne ruptcy which now threatens tnem
a And this remark applies with N
in same force to all other holders OF q
%. other kinds Of property, which a
hel now involved in Indebtedness ~Me
ed does not call for payment OF lntere
'Oo or principal in gold. So, after .. q!
per we have reached a point where wh
di- would have been deemed gre
ing calamity few years ago,woulaa NJ !
md he considered blessing by ~ !
pie cent. Of our producing popluas!l,'
Ible In other words, at the bottom oi
lur- financial abyss, we may at ie
Y at CONGRATULATE ourselves on nav
this reached that happy situation OF
ally nossible ultimate OF our commer'
n to woes. from which movement IN
ssue direction open to our steps, Is
de- gress toward better condltloh.
il to are at least rapidly approachi'
wide stable equilibrium OF prices 70
ught .~ ,,rdar the reduced money
prop ume. There may possibly DC
!, 600 or more struggles in this mar
les is war of the business world Q, ,,
ision double standard prices shall
I'd Of hushed in death and the new .
COM established; but, in any event
it is gold standerd prices are not la
n nj o. 4 QUESTION OF PROFITS
,unts. The question as to whether .
efore instead of the government shal
the allow. d to issue notes, IS simE
al in question for the present, as 10
ercial shall have the profits OF the
to do millions Of dollars annually q
o rec ING to the use Of this valuable
,art Of ;lage The government has
4 and nrofit now, and the banks wal
n will lvbat ;ts future effects may
N and should the banks succeed In
peace. attempt. in the way OF expansl
Iicv Of contraction Of outstanding III
,ereaf- thereby advancing or &c"
! that nrices Of all other kinds OF pro
II fur-;s another question; but It's re
y. pro- to present prices does not nee'
" and s;deration beyond the stat
|, sim that, il such privilege be gr'
Present the probable immediate enec
by the he the use Of the privilege 3
3, but banks to manufacture money
an not utmost limit, that they may
It in the purchase OF all XII
securities and property at the
TON ent low valuation. ),
eve that In passing, | wish to say y
r prices use Of the word elasticity
lucts ofllation to money, is a singul'
ices for version, implying mlscon
! of the of the defined uses OF
/ aiding Money as a measure u
lction Of should conform to the best
agitation tainable fixed ratio OF mon
il seems ume to property values; nc
emoneti- speak Of the elasticity ol
/ expan- i equivalent to saying that
money, stick should be elastic, or
the mar rule should be eiastic, "
: and Sc gallon measure or a pound
,retofore Should be subject TO-
raction Of changes in the number OF
OF avoirdupois ounces whi'
n prices. standard measures OF hqu
es. which solids are supposed to repr
i market, A simple tax on any a.
IN so low general consumption to eq'
continue treasury's income and out'
BILE, if not that is required to give tn
"short financial rest, and consequ
a hope Of and opportunity for busln
nd by Eu- peration. 1t is probable,'
Irities has that the agitation for the
therefore |tization Of silver will cont
topping embarrassing force in this COZ