The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-05-24
JASPER INDIANA. FRIDAY. MAY "a. 1879.
sentinel.

Wu1t - NVssy'
indianapolis sentinel.
To the Editor-Sir: The great
question is, what is money? HON.
est money? A money that Will do|
Justice alike to debtor and creditor!
lone of the definitions / know OF
lis a measure Of all values. we
have several kinds Of money
gold. silver, copper and paper-all
Iare creatures Of law. Gold is a
IIcommodity, silver is a commodity;
$50 is copper and paper. All com
modities fluctuate in value accord
ling to the law Of supply and de-
|, lmand. Gold and silver are no ex,
-lceptions to the rule. The old
llbeathen idea that gold does not
sIfluctuate never has been true.
olThey call it standard, and when the
demand for it becomes great 1t takes
i la great deal more Of the products o.
labor to purchase a dollar OF it thar
:. liz did when the demand was not Sc
}, ,lgreat. Then they say how thing
olhaye gone down, never discovering
,sItbe fact that from the increased de
nlmand for gold it had gone up
They say dollar in gold is a dol
r-llar. and its purchasing power IS IN
ldlsame at all times, thus ignoring tn
relwell- l-established law OF supply an
isIdemand. The reason why the pul
tolchasing power of gold in the bullio
h-lhas been about equal to its coin va
nclua Is because of its free coinag
ofltbus creating a demand for all tn
ia has been produced. We can St
IS, further increase the purchasl'
follower Of gold by creating more 60
obligations, thus creating strong
ed demand for it to redeem those ob
he cations, and not only does this
MS. Grease the purchasing power OF g
'holitself, but OF all good securities pa
able in gold. No one knows u
.lbetter than the coupon clippers, a
~ THAT is the reason they, as ella
Ik lare irving to create more gold o.
iii cations The monied kings OF !
rope have been for years increas
their holdings in this way, dema
ing from the debtor more co..
money than that which they q
land they call this honest NOR
4&VlWere the United States and u
-. Britain alone to enact laws disc
.tinuinr the coinage and use OF
'pc las money there would at once
u0' decline in the purchasing powe
cold. and should they continue
coinage and use Of silver as q
demption money there would,
doubt, be large increase In
purchasing power OF silver bull
because of the increased use ant
: mand. While we used silver
standard money Gas they call
= giving it the same functions as s
redeeming paper money and {
obligations with it, its purchi
power in bullion was about equ
- Its purchasing power in coin,
when our congress, following I
Britain, passed law limltln
|coinage and discontinuing the
~lof silver as redemption me
!IlIINits purchasing power in bullion
down almost one-half, proving
clusively that the use and deI
lis what gives purchasing pow
Il|IlI |any commodity. If we are
lUUuIiustice alike to debtor and crt
we should have money that
not fluctuate. 1t cannot be
by issuing three dollars in pap
every one dollar in gold we ma
~, the country and making that
- redeemable in gold, because
- distrust comes redemption
" manded, and the scramble TO!
follows in order to obtain 1t !
!. ..ldemption purposes, and conse'
90 w y, Ily up it goes, and all other
/ paid, 9yodit;es = come down, when
ured by gold, thus Gripping
OOl, dustry OF tne coun''y, ,;nr;n1
enforced idleness for tn
ions. boring people; but it Is
vest for the holders Of gold an
---- securities. This is what th'
$. settling up periods. We are I
|, corn, through one Of them now, a.
&. III
,usy. so long as gold Is cr9wneu =
made a king will these pef'ous - u0P