The Butler weekly times., 1895-06-06

since the demonstration of silver,
therefore the paper dollars aud the
silver dollars are not dollars, but the
mere representatives OF the gold
dollars, which are the only real dol
lars under the gold standard in the
country. Paper and silver money
is, therefore. as dear and as high
priced as related to lands and goods
as the gold money in which it is
redeemable, and therefore as hard
to get, as valuable and as slow to
Circulate as gold itself. All the silver
and paper money being the mere
representative of gold is held just
as tightly as is the small quantity of
gold available for it's redemption.
$50 long as the unit of value is
made exclusively out OF an article so
scarce as gold, that article and the
money coined from it, as well as all
token money resting on it, will COM
mand so much in commodities as to
depress relatively all values of other
forms of property, SO that money
will necessarily be withheld from
general circulation for investment,
either in permanent loans with i'm
mense property security, or for
short loans with gilt.edged security
and compounding interest, and thus
i by this hide-botlnd restrictive and
destructive policy, paralyzing enter
prize, sacrificing property, impover-
ishing vast numbers and annually
adding to the number of those whose
wants compel them to borrow, and
steadily swelling the fortunes of the
money merchants and concentrating
more and more the wealth of the
land in few hands.
"When real money, absolute mon,
ey, redemption money, is as scarce
as it must be when made of gold
alone, as all other money must be
dear as that in which it is redeem
able; all money will be too scarce
and dear to be in liberal use among
the people, and the liberal use of
money among the people is an abso.
lutely essential condition to activity
in business, and hence prosperity.
The way to make money circulate is
to make it sufficiently abundant that
it can make more for it's owner by
circulating than by lying idle await
ing exorbitant security for loans.
You can not effect this result by
issuing ever SO much paper money
redeemable in gold, for it will be as
dear compared to commodities as
the gold in which it is redeemable.
Neither can you do it by coming
silver dollars, limi.el, measured and
estimated by gold, for they will, in
that case, be the mere representative
of gold, and treasured and priced
and just as tightly held as the small
quantity of gold by which their val
ue is ascertained, and In either case
money would be as tight as ever, for
in either case would there be any
increase in the amount of real money,
primary money, absolute money,
redemption money; in short, no in
crease in money. The value of mon.
ey remains the same as compared to
lands and goods in spite of the
volume of silver or paper, so long as
these shall BE- limited by, and re-
deemable in gold. If we want mon.
ey to circulate, therefore, we must
have not more paper money, not
more restricted silver. but more
money. more real money, more abso-
Lutte money, more primary money.
and we must get it as the constitu-
ton provides out of two metals
instead of one. When the unit of
value, which is the dollar, shall be
freely coined without any restriction
or discrimination out of both gold
and silver, dollars, real dollars, will
be just twice as plentiful as they are
now; the skinflint who holds them
will not hold them so tightly. The
man who needs them can get more
OF them for horse, hog, land or labor.
Bankers and money loaners will make
less money. Merchants, traders,
| g.