The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-07-11
AN HONEST DOLLAR.


IN HONEST DOLLAR.
Mai. Mckinley ia responding TO the
notification Of his nomination, and
speaking OF the money plank Of the
platform, used the expression, "The
money OF the United States, and every
kind or form Of it. whether OF paper.
silver or gold. must be as good rs the
best money in the world. IL must not
only be current at It's full face value at
home, but IL must be counted at par
at any and every commercial center of
the globe" He said many other things.
all Of which were good. but this is the
heart and pth OF the money question.
Every Republican will do well TO cut
out that part Of Mr.. McKinley's speech
and paste it in his hat, or put it IN his
pocketbook, or some other convenient
place where he can frequently aud rcadi-
| ~ refer TO IL.
Why should not the money Of the
United States be as good as tho best
money in the world9 Are we TO come
to the condition OF our nighbor, Mexi-
co, and pay two dollars for one? When
the Mexican debt was contracted the
dollars Of that country were as good
or better than the dollars OF the Unit
cd States. But Mexico was upon the
single silver standard, and today her
dollar can be bought in the open mar
kets Of the United States at fifty cents
n dollar They contain more silver
than the United States dollar, but they
are not backed up by n gold reserve !;
they are not upon the gold basis; and
for that reason they will buy only one
half as much merchandise, will pay
only onc-hali as much debt outside the
Mexican jurisdiction, as the United
States dollar will pay. For years past
we have bought abroad almost rs much
as we have sold abroad; and when we
take into consideration ocean ircights,
mostly paid TO foreigners and the money
spent by American tourists abroad, the
balance is heavily against us. That bal
ance must bc paid in gold So long ms
our money remains good it is paid dollar
| iOl AlOiltlis W nill We NNiiiN W Nlii MIA
lean basis we must pay two dollars for
one. There cannot be two kinds or
qualities Of money in circulation at the
same time in the same country for all
experience has proved that when the
poor money becomes dominent, il inn
medately drives out the better, and the
money all becomes bad money cheap
money. There cannot be good money
for one class OF people and cheap
money for another class. We are all IN
the same boat together. The great
mass Of our people work for their living.
They depend upon the onrnings-the
wages-oI this week 20 pay for the living
OF the next week. II they are obliged 10
take their wnges in cheap dollars they
will find them exceeding dear dollars FOR
them when they come to pay the but
cher, the baker, the grocer and the FAR
mer. The cheap dollar strikes the poor
man first, il strikes him hast, and IL
strikes him all the time lie will find
himself under its lash every. time lac goes
To pay bill.
The rich man can protect himself.
lie can write it in his contract how he
is TO he paid, and exact the condition Of
his bond. But the ppor pan has M
such protection. The laborcr must
take what goes. The farmer will hnd
his bushels dwinde 10 half bushels when
he takes the proceeds TO buy what he
needs rhore arc men crying for cheap
money because they hope TO cheat some
one 10y paying hall dollars Tor the whole
dollars which they owe. But IL will not
he the rich-the apitalists-who will
suffer in the end. II will be the men who
by Drawn and brain carry forward the
production OF the world
The only dollar that is good for a
poor man, working man, man who
earns his bread by his labor, Il the hon
est dollar-thc dollar that is exactly
what il Processes TO be-
That is what Mckinley means by "the
best money m the world. "-.Iournal
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AhA,st TIr.o