Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1896-08-29
Md. AUGUST 30, 1886.
Cracked.

Cracked.
Under the heading of Nuts for the
JOURNAL" the Homecoming Stnr SUBJ
mits the following problems
l. What percentage of the inhabitants OF
the world, or the United States even, have
had voice in making gold the only true
standard of values?
One hundred per cent, or every for
eigner who will not decline to take a
gold dollar because it is gold, and
every citizen who has had vote, es-
pecially since 1873.
2 If the millionaires and their millions
were omitted IN the reckoning, what would
the money per capita be?
The JOURNAL admits that it never
took much stock in per capita statements
of wealth. At the same time, if the
Star removes the inducements that the
possession Of wealth offers, it will stop
all business. Or, if every man, woman
and child in the country were worth
100000 to-day they would be practi-
cally no better off than they are.
In some way each would still have to
hustle for bread.
g. If gold were demonetized and silver re-
monetized, would gold depreciate in value?
Gold cannot be and silver has not
been demonetized. Hence, gold does
not and cannot appreciate or "de-
preciate in value
A. Is gold not too timid to serve as a basis
for all the money Of the world, should all the
nations make it the standard?
No; but dishonesty is too plentiful
and bold, especially in this country
just now.
5, Have milionaires been increasing more
in 1878?
Yes, and so have farms, houses,
towns, newspapers and the birth-rate.
6, Is it not fact that the monetary house
has outgrown its little foundation of gold and
is spreading out over acres of shifting sand?
Has the wheat crop outgrown the
bushel. or the cotton crop the yard
stick, or the coal crop the Fairbanks
standard
7, Are national banks, in whose Golfers the
gold is hidden, not making mistake in cir
culatng campaign literature in favor of the
gold standard?
Perhaps they are. If so, it is likely
mistake of policy. In doing so the
banks may be as unconscious of wrong
as the Star was when it said it was
"the best paper in the county,"
8, Is it not self-evident that, if the United
States adheres to the gold standard as a
foundation for all her money, and continues
to be unable, as she has been in the past to
prevent Europe from absorbing her gold, she
shall. in fact have no foundation and stand
ard only in name?
1t is fact that if the United States
aoiU lice withn their income they will
prove to all the world and their own
people especially that the gold stand
ard has nothing whatever to do AS a
cause of current troubles. The present
OOu tSSo SoulO udFO PRIV lucu LIZA
on just one article that would have
prevented deficit. 1t not only would
not do that but for party purposes it
did it's level best by extravagant APP
preparations to pe'petuate the deficit!
8, Is 1t not reasonable to infer considering
the limited gold supply of the world, that, if
the United States does succeed in holding her
own, other nations will suffer in proportion
to her success?
There is no 'limited gold supply"
There is more gold in the world to day
than ever before, and it is increasing in
production nearly as rapidly as sill
yer! And Of gold, as of nearly every
thing else, the United States are the
most prolific producers. The trouble.
as before stated, is wicked financial
management outside the sphere Of the gold
standard.
Come again.