The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1896-05-14
"SOUND MONEY"
Some Pertinent Points as to What Consti.
tutea It

Some Pertinent Points as to What Consti-
tutes 1t.
II the howlers for sound money were
called to define Just what they mean
by the term so flippantly used they
would be cornered to the pitiable
plight of fgurating in generalities, or
coming squarely down to the notch of
''only gold" This is the Wall street
demand.
Soundness only has reference to per-
manency and stability, and the silver
dollar is just as sound as the gold dol
lar, when unbiased by Legislative pro-
lection or prejudice.
The proposition may be laid down
that any money is sound which has a
fixed value and is not liable to disturb
ing fluctuations, whatever may be its
unit basis. The scarcity of gold gives
it one value. Legal protection gives it
another. The same law of supply and
recognition gives silver its value.
The difference is in the fixed esti-
mates of trsn iyed quantities With
out Dgal restraint the value of an
ounce of gold would be liable to as
much variation as that of an ounce of
silver, measured from some other fixed
quality that might exist as medium
of exchange. The distinction of guam
tative value has no bearing. 1t does
not matter even if 30 parts of silver are
only equal to one part of gold, SO that
the value is reliable and permanent
The question of soundness only relates
to permanency.
The Times-Advertiser is opposed to a
gold basis because, as a metal, it is
most largely mined and owned and
rated by a government that has
reached its full measure of develop
ment; is our only immediate competi-
tor in general manufactures; is our
rival in all finished products, and our
superior in every instance, If allowed
to dictate our economic policies
As an open and honest confession
the Times-Advertiser favors bimetal-
lism because it will reduce the unit of
value AS relates to present creditors,
it wants 50-cent dollar; or, as hon
estly stated, dollar that is not SO au-
tocratic as to only seek home with
crowned heads and massive vaults,
that does not destroy the value of ev-
erythjng else except the dollar.
II believes that plan OF legislation,
whether state, national or interna-
tional, that creates distinction of so
per cent. in the favor of the man who
has SaliaLly and cowardly boarded his
dollars Us against the man who has
patrin' ;cnlly invested his money in
productive property and labor-supply-
jag - ,crprises, is infamously design
lag % - ptrfdy of purpose to destroy
the ,vc,,lZ and rob the helpless.
lhrre : 10 need to so into the
shad,ty ecasecrated vaults of Wall
street 10 ;,tcdy the financial question.
Wfea tho system is wrong. the ebbing
pIis3 oi .-ade aud industry and the
horde of i!ieness tell the story.
Wien property ceases to have sell
-z va.ue and no Investment can be re-
.iad 1pnn 70 sustain credit, it is be-
eoa~c money has been given fictitious
-nlaa, and the owners believe that by
liol'li'i-c Is they can buy still more
nropcrty as the greater distress pre-
walls
When real estate will not bring it's
price of taxation and costs at the
courthouse door people should be i'm
pressed with the fact that complete
Capitalization is near at hand. And
the silver dollar is tho only means of
staying the calamity. - Brunswick
GA Times-Advertiser