The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-05-28

continued IN fun force UNI 1874
On Feb. o. 1878, II said: In 1874
as II was two years later discovered
the coinage OF this silver dollar was
forbidden and silver dollars were d.
monefzed by law. This act was done
secretly and stealthily 20 the profound
ignorance OF those who voted for !,
and OF the president who approved l.
. under cover Of darkness q
abolished the constitutional dollar and
Las arbitrarily and 20 The immense In
jnry OF the people added heavily 20
every form OF Indebtedness public ana
private" On Jan 10. 1875. the Tribune
said: The silver dollar hllk the bl
exactly So long as tr was q legal ten
der Il was an honest dollar. worth one
hundred cents and had the rim. OF the
trut metal Remonerlze II and II VII
again be whaf II was for eighty yssrA
worth one hundred cents" Aaa
again: ''The hIg dollar gthss Is ~ .
ratio OF say 20 10 ~ Il Just what ne
country must stop II IL hopes 70 escape
universal bankruptcy We Eant tie
old historical dollar Of 3111s grains
pure silver. the equivalent Of the ola
Spanish milled dollar. and nothing
else. The present purchasing power
or the gold dollar has been fearfllly
enhanced"
On Ian. :. 1878 II SAID. The folly
OF advocating the single gold Standard
OF money must be obvious to every one
not blind as q bar in the dav- light
ON Feb. g. 1878. IL said. II is mere
naked unsupported irrational .mpu-
dent assertion that renonerizarion oS
silver will not reduce the difference n
value between II and gold silver. even
as bullion has not deprecated since is
was demonetized as compared with
property or labor" And on Jan s. 1878.
1t said; The theory that reu1cn~ri-
cation OF the silver dollar demands
that the weight OF that dollar be in
creased TO correspond 10 the present
London value OF silver as measured by
cornered gold Is simply absurd On
Jan. o. 1sls in answer 10 the question
as to whether the world could safely
dispense with silver. II said Let the
falling prices and the rising multi.
tudes Of unemployed men answer this
question" And on Jan l6 II had this
editorial: ITO undertake 10 do The bnisi-
ness OF the world on a single gold tsasis
OF measurement and equivalents means
loss. bankruptcy. poverty suffering
and despair. Debts VII grow larger
and taxes become more onerous- The
farmer Will receive small prices for
his croTs- labor will he forced down
down. down. and there viii be 8 long
series Of strikes. lock-outs and suspen.
sion or production Those who own
! property but owe for Il IN part VIII
see their mortgage increasing in proper
ton as gold acquires new purchasing
power while the property itself VIII to
. /. shrinking in value There VIII be no
relief. IL must he kept IN mind. far
gold VIII be the only recognized eqr:ra-
, lent Of values. the stock Of gold ri1
be power constantly growing and -as
: circle Of wealth viii be uniformly con
I tracing" Nothing more prophetic w-s
E ever written.
n A volume could he filed with ed.-
a torials expressing similar sentiments
' written by the great editor of tbs
q Tribune. Now. by way Of contrast.
n will give You some Of the Arguments
: which the Chicago Tribune : n1k-
4 ing al present against the cause
4 Of silver. and the people who advocate
n j. "Lunacy." "MoDstrons absurdi-r.
n Dishonesty" Cranky notion -Sil-
Is yer craze" '"Dishones. dollar
"a 'Scoundrelly scheme" Liars
"Hypocrites-- etc. To usp Its own Ian
. guage. the Tribune seems 10 be a.
blind as a bat in daylight"
r Il Leo Money Needed
"a II is claimed by single standard ne,
10 that but little money Is needed. that
q. scarcely three per cent Of the business
" Of the world is done with actual money
That the business affairs of tbe world
great and little. are carried on u
- means Of checks. drafts. hfiis Of OF
!" change and bank notes: and this j. un
ouestlonably true: but X being admit
&c M
~ A base for II all. the single standarV
y. advocates make a mistake n iraEi1
=. ing that the world can get along Wit
I. less money than formerly 1mmediRrsf
~ nrjor 10 1873. the world was as wa
70 banked as IL Is now and all tie EgeE
~ cies and systems OF credit In The Us
- Of hank notes checks. etc wers .
ne fully developed then as they are nov
~ and IL II at that time required All IN
- silver and all the gold that there VS.
- in the world TO form basis Tor II
business that was done. u VIII
:, ouire the same to-day. in fact i VI
~ REQUIRE more money to-day than 10
on merly 70 restore the business 81 II
co world 10 what IL formerly was ee'cans
AZ the population has greatly increa -
lse and The area over which business IA
ey n 10 done has greatly increase
no business can be carried on in c4'
~ with less money than II can II new AZ
ID extended countries. The rncip
Iu thing which is overlooked by the sing
g sta ndard people Is the fact that Tie
leo dusfry. energy and enterprise 81 2
or world are always carried 10 The =
OF mo<s extent that the total amount
ne money in the world viii adm.
ner Every dollar Of money Is NJ once boa
we cd with as much credit as u can pos
~ n bly carry. have here . picture 81
De inverted pyramid the point furr
OF down. This pyramid represents I
no business OF the world - II forrne-
me stood. AT the bottom marked
~ black Is the actual money. both &
-. and silver. which supported tbs ~
rue mid You win see Il CONSTITUTED 81
~, about three per cent Of the Whole
.ne though the exact proportion Is .ra1
~, teriai 10 illustrate the princip1e
"a volved.
80 Now. II every dollar was slrrn'
yaf loaded to its full capacity TO carrT.
e. ser xou what will happen II -pu