The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-10-14
GOLD BONDS AND MORTGAGES.

A Kansas Farmer.
GOLD BONDS AND MORTGAGES.
Letter From Virginia-It Should be Specially
Read by All Debtors on Gold Mort cages.
Editor Representatives:
Many Of the arguments of the gold bugs
are self rcfuting. They resist the res
toration of silver to equal rights with gold
at the mints because they know it will de-
prive gold Of It's present abnormal value
The whole course Of their arguments are
insulting to the intelligence of the Ameri-
| can people. and a shame to American jour-
nalism, and to manhood everywhere
There is no coherency OF consistency in any
of them. In one sentence they assert that
the silver dollar is worth but SO cents, and
that the silver miner will get 100 cent dol
lars for 41212 grains Of standard silver
In another, that this great country can
not make anything more valuable by its
decree, when before every mans face is the
evidence of the power of the government
TO enforce Its DEGREES in reference to any
of the money provided for the people.
The silver dollar is today worth any gold
dollar for all purposes which money is used
for, no matter if its bullion goes to 40c per
ounce.
A $1,000 greenback note is better than 100
eagles, because more convenient, yet It's
cost may not exceed cents. And it is not
because it is redeemable in gold but be-
cause 1t will pay any debt to that amount
They argue, to influence the fears of the
timid. by predicting impossible things
that gold will become dearer by being
oheapened, the very reason why they op-
pose the free coinage of silver and they as
sert that gold will be boarded and go out of
circulation in consequence of our action.
which they know will cheaper it land
hence frantically resist it,. as though any
sane person would hoard gold as money
when property Is rising and money declin-
ing. 1t is not given to all men who are de-
ceived ly the bubble about honest money"
and sound money to understand the mo-
tives which prompt the loud declamations
IN It's behalf; nor to fully understand the
laws which govern the movements of that
vital current upon which rests all civiliza-
ton. But the engineers of the Infamous
plot to double the bonded debts of the
world are not ignorant Of the fact that
falling prices drive money out of USE and
that rising prices draws it into the most ac-
tive and energetic USE that function for
which it owes its existence
Its sole foundation Is use The greatest
living authority in monetary science SEN
a.or John P. Jones, says of money. that it
is junction.
Now. whatever the courts may at pres
Ell: decide, as to gold contracts, they are
clearly against public policy, and some
timn fEcv will ho
man WHO even under stress of circum-
stances engages to pay gold upon deferred
contracts need have the slightest fear of
being burdened by premium on gold as a
result to flow from the free coinage of sill
YER. nor will he add to his burden by
such contract if Mr.. Bryan fails of an
election in November, for it will be just as
hard to get silver dollars and legal tender
paper dollars as to get gold dollars.
IL the champions Of popular interests and
human rights be elected by the people as
he will be, if voters DO not sell themselves.
then we may rest assured that the blanks in
the Chicago platform which denounces the
right Of any citizen to demonetize any of
the money oe the people by contract, will
end special gold contracts.
1t is impossible that the profits of a gold
contract will be specially burdensome to
the debtors. All debts in dollars will soon
prove t. be so runinously destructive under
continuous gold standard that creditors
Will themselves be moved to relieve
themselves by an act Of amnesty. The ire
menduous losses of the last three years
have struck heavily vast body Of our
wealthy men, and q lesson and a powerfr,
one for all citizens
1t is very few who have reaped mora
riches through the conflscation of railways
and upon reorganization committees. and
the organizers OF trusts, pools, and
combines. The Garrett A. Hobarts Han.
mas. Eocketellers, Algers. Armonrs. John
+. Morgans. Whitneys, and the Wall street
nanip1'ators Of their countrys ruin, may
seemingly gain, but will they in the end?
Unfortunately there are thousands Of
business men now heavily in debt, and
upon the ragged edge of ruin, who are in
f'uenced by the fears suggested by your
correspondent. B. r. Warren. Very MANY
of them to my own knowledge are coerced
by money lenders to declare against the
only possible remedy for the evil that is ru-
lining SO many of the best citizens Of our
republic.
III many OIL the states the
secret ballot may declare the wish, the
bare expression Of which publicly and man.
fully made would bring ruin to the unfor-
tunate people.
I would not make difference of one-half
of per cent in interest upon time obli-
cation payable in gold or its equivalent
as against an obligation payable in lawful
money.
Not only have had The opinion of experts
upon the subject, but the common sense Of
the thing is apparent. Money is the debt
payer. The highest value of gold is it's
money value. It cannot be made dearer
by being cheapened.
Our dear friends, the sound moneyites.
who SO love the laboring man CHS yote),
and who are SO greatly concerned lest he
get cheated by cheap dollars, know this !:
tnat gold will be cheaper the minute Uncle
Sans mints are open to silver. Indeed.
just as soon as Mr.. Bryan Is declared elect.
ed. there will begin a movement in Europe.
| and silver. measured by gold. will go up
| that il gold will roost.
| Do not all men know that the last issue
OF bonds by OUT false president, which ne