The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-03-18

Fiatism, pushing out from one side and
drawing IN from the other. If Mr.. Nc
Cleary doubts the power of Uncle Sam s
Fiatism, he should have this Fiatism, in
time Of war, place mlsket on his (Mc-
Cleary's) shoulder and send him into the
field to be shot at and shot to pieces, as
many man was during the COS, when
we were ON c'rag baby"D paper basis.
And, then, Mr.. McCleary would no doubt,
cease his wicked gable about "fatism,"
intrinsic value" and rag babies" and
a lot of other imposing nonsense.
lntr- nsic value, or no intrinsic value!
1t is just as it should be, the only thing
that can maintain money in circulation at
legal tender is Uncle Sans Fiatism. In
short, money is maintained in circulation,
very much as the blood Of the body is,
by being pushed out from one side and
drawn in and redeemed at the other. only
to be pushed out again to repeat the cir
cult.
Now, then, if Uncle Sam had given
Carlisle a dollar moulded on little gold
disk, it would have been the same to
Carlisle as the dollar on the piece of
paper, merely proof of Uncle Sans obl;-
cation to him. Paper money means SIM
pie money on paper, the money being one
thing and the paper another; and, so, gold
money is simply money on gold; ana
leather money would be money on pieces
of leather The gold is one thing and the
money on it's surface another thing. II
it were customary to write letters on
leather, then we would speak of paper
letters and leather letters, as we now
speak of paper money ana gold money
ETC.; but were all our money on paper
as it should be, we would then no more
speak of paper money than we now speak
of paper letters. But l am wandering
from my textv'
Let us now observe Mr. Smith, the
miner, who takes 232 grains of gold to
Uncle Sam and gets Uncle Sam to per-
jure himself by moulding what we call
ten dollars onto the surface of that gold
and giving it back to Mr.. Smith. Yes!
Uncle Sam perjures himself! By mould
ing that evidence, we call ten dollars, onto
the surface OF that gold, Uncle Sam vir
tually declares himself obligated to Mr..
Smith in the amount of ten dollars; and,
30, Uncle Sam perjures himself and pays
for it by FORGETTING the advantages that
should accrue only to him Gu. S. from
floating non-interest bearing ten dollar
obligation. And, thus it is, the so-called
Sound money" means Uncle Sam must
not only forfeit the advantages of floating
non-interest bearing debt, but perjure
himself also, and to maintain a yellow
idolatrous reserve become bond slave in
the bargain.
Another very strong point in favor of
the paper dollar the only honest dollar, is
the part it will play in our foreign trade;
because the dishonest gold dollar can be
kept always at home where nations
CJ1~, So,
with an outrageously high robbery tariff.
Our present tariff has not robbery enough
about it to keep the balance of trade from
going against us, consequently the
treacherously dishonest gold dollar is
shipped across the pond to balance our
excess imports and Uncle Sam has been
selling bonds right along to maintain the
supply of gold. Let us give Knute credit
for telling the truth once in his senatorial
speech, by intimating that the outflow of
gold could be checked by increasing the
tariff; but how strange, that he did not
tell how the monopoly manufacturers and
money loaners are simply partners, pull
ing each others string in the Sound
money" and protective tariff" scheme. A
cry for the gold standard is Indirectly an
effectual cry for a robbery tariff, AID,
conversely, cry for high tariff is a cry
for the gold standard. Were we on an
exclusive paper basis the only sound and
honest basis, even with an absolute free
trade basis Excepting an occasional re-
taliatory tariff, the only honest trade
basis, then. the balance OF trade could not
go against us; because any excess imports
would be Immediately checked by foreign
bills of exchanges going to sudden
premium
Now, then, Mr.. McCleary says money
is a commodity Very we'll! In the
same sense, truth IS commodity and
likewise, Mr.. McCleary's falsehoods and
sophistries are commodities; therefore,
this is not logic0 money is simply an
evidence commodity, which should al
ways be on piece of paper, on paper
only. Again, truth is of intrinsic value,
and so is that evidence commodity, called
money. of intrinsic value, whether it be
on paper or cloth, wood or leather, gold
the relic of barbarism, or engraved on
Mr.. McCleary's toe nails.
Whatever way we may consider this
problem the logical conclusion is the
paper dollar IS the only honest dollar that
we can use. This being the case, it may
seem that we should at once make direct
demand for an exclusive paper basis; but
W
a half loaf in preference to none, have al
ways had to compromise with the enemy;
and, so, we must do now. We must at
the present compromise with the lesser
enemy to defeat the greater. Our pres
ent compromise should be, as follows: 4
free and unrestricted coinage of gold and
silver at 16 to 1, retirement of all bank
issues, and sufficient issue of non-interest
bearing treasury notes to give with the
coin fifty dollars per capita circulation,
both coin and paper redeemable in gov
ermental service or tax, but no paper re-
deemable i'm coin. However, the coin
should be redeemable in paper, so that
the coin will seek seclusiOn IN the treas
ury vault as result of the peoples de-
string paper circulation in preference to
coin. And, now then, let Uncle Sam
offer for sale at all times and at coinage
rates all coin that may be locked up in
the treasury, and receive paper money in
payment for the same; and thereby en-
able the artisans, jewelers., etc., to draw
this coin out from it's idle seclusion and
work it up into the arts where it belongs,
where it can do some good instead of
working a crime against us as it is now
doing.
Such a money system as this, combined
with other Omaha platform anti-monopo-
ly planks, will give us an entire loaf from
this problem. The impetus of property
to follow must develope a great number
of new customers for gold and silver ar
ticles; and, so, all coin would be consumed
in the arts. This IS genuine bi-metalism
On FOR q tho rninorc ro copoorro1 owl a.,