The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1895-08-03
OUR COINS FlIAEcIAL SCHOOL.

Mts hot iu euS sUSt u"y W WY
Harvey Horr debate In the inter
est of the single gold standard
gave some statistics respecting the
liabilities of several large interests
In which he thinks large number
Of wage earners are Interested, and
with a flourish Of we'll affected vir-
tue asks If they shall be paid in
cheap money?
The figures IRE interesting and
are as fullows:
Depositors. Deposits.
Building & Loan Ass'ts. i,7i5725, = SO ',S6,ss5
Saving Banks, 100000, i,7l27. .o,O2.
Loan and Trust Co.'S 3,000,OOo. Not given.
Life assurance Co., Liabilities S,a9l,6S',55i.
Total Liabilities s,.'3l ,229,JO5.
| Let us add to this the
amount necessary to run
the government each year. $500 600.
And we have a debt total of s',23i,ag sos.
Mr.. Horr also stated the en- ire
amount nf gold (money) in the
world was at So l75,OO0,O0O in
1890, leaving them excess Of debts
in the United States alone Of $780,
299, sos ouer all the gold IN the ,corli!
And these items leave out the ill.,
bilities of loan and trusts COM
panies, the railroad corporatiO 8,
state, county, township and mum
icipal acknowledgements at law,
debts of manufacturing corpora
tions, private mortgages on real
estate property and chattels, pri-
yate notes and bonds and other
debts of individuals not before In
cluded, and makes no provision
for the current expenses of state,
county and municipal governments
nor for the sustenance of the
great private educational and
charitable institutions, nor takes
into consideration the common
mans basiness which developes
the manhood, enterprise and inde-
pendence Of the people! And
these items by no means exhaust
the multifold interests of our peo-
pie that are dependent on money,
, yet any man of ordinary judge
ment and information will say that
fhn ;ton,, n howe, >, Dt;ood a q mt cOn.
sidered by Mr.. Horr will exhibit
liabilities certainly equal if not
twice as great or more, than the
items whose liabilities he has given
. If this be true we read the start
ling conclusion that it will take
, two or three times as much gold as
there is, or was in 1900 in the en-
, tire world to pay the debts of the
United States alone; In the mean
J time the colossal debts of Great
, Britain, Fran ce, Germany, Austria,
Russia, Spain, Italy, Turkey, not to
mention Greece Belgium and other
small fry have to be paid in gold!!
4 Mr.. Horr and other adnOcat ates oi
, the single gold standard, Of which
he is the champion and chief. have
+ much to say about SO cent dollar
of silver and compare it with the
"honest dollar" of theirs. Let us
see what their honest dollar is
Take Mr. Horr's own figures on the
three items, he mentions the total
debt $5,s3I ,299, 500 and this as we
have seen does not represent the
half probably, not the third of the
debt and taxes of the country.
Now the amount of gold money
Chose honest dollars) in the Unit
ed States is estimated at between
four and six millions. Let us give
the gold men the benefit of the
doubt and call II $593, 29,950 and
that would make this much vaunt-
ed .honest dollar" worth 10 cents.
But when we consider the true
amount of debts and obligations
this gold must stand for we find
there is about 3 cents gold and 81
J cents wind in 1t.
The fact of the matter IL, when
their gold standard educators tell
the people in patronizeing way
(. that they want them to have an
"Honest dollar" worth 100 cents
J as good as the banker gets, and so
forth adnauseam they do not mean
that they shall have dollar at all,
there is MT enough to go around,
but they do intend that they shall
be under obligations OF the bankers
for "promise to pay" to represent
the meager and hard earned wages
of their toll, and every child knows
that IL promise to pay money, is moi
money, as well as he knows that II
promise to pay is not payment.
-.
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