The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-09-18

II VossSssosS
.ot and he vhsrswtthai to comfort his family and 70
previde fer his natural wants he becomes desperate
man 10 say that he ID poor citizen out teevy -
presses Il Such condition creates loss .. ps'ue
When he Information comes to one aesus'Vmsu T" @
evnership Of home that he Is to lose that nome, ses
ysars n kei and that information u conveyed suce
persons wife and family who have worked naru snu
shared the tol and troubles OF the HUSBAND ana
and all this csmns upon them IN soms ga a..
plainabls there comes with 1t sadness sorrow anu u
tress when tens Of thousands In distress are
into hundreds Of Thousands then there that
feeling that comes some great chloroiormns Pr
sss had settled down upon the nation "a '"s hanes,
Of It all We hear the cry Of the creditor: PAY
dollars maintain your credit a. people lne pop
rsdoubls their energies They are all honest lney M
70 do what right whether real or seeming pu' ne as
Of producing enough property purchase the
dollar too great and they hnaly surrender tne'f pos
sessions into the hands Of their creditors
The result u terrible In Its consequences 10 ".
team republic like selfish laws have been 10 az
renubica The census bulletins show that tenanu'
IN this country u Increasing at an alarming proporuo
disproporronate with the Increase IN pcpuiauon' a
that those renting homes In the city OF New 80,
are 81 per cent OF the whoie-anu tnis 'o
rapidly sweeping westward.
With this alarming increase In enantry, with oiesn
creditors now Of millions OF acres OF our
and billions Of dollars OF debts with an alarming IN
crease In the number Of inmates In our peniteh'r'es
tails and insane asylums and alarming Increase 10
the number Of suicides disproporonate to the
In population all portendIng the breaking down q our
civilization what do the men on the otner sue " ''
question say In reply to 1t!
THE ACT OF 1878.
They sav thar the Allison OF 1878 restored
the legal tender character Of the silver dollar
The answer IL this:
That act did not open minis restore the DEBTORS
option 1t nominay restored the legal tender character
Of the silver dollar in fact did not do So II pro
yided for Its legal tender except where otherwise pro
vided in the contract" Such provision delegated 10
the Individual to say what was legal tenoer money
whereas before the government had dictated wnst was
legal tender and provided for 1t from boz metals Inc
act Of 1878 was taken advantage OF by the money lender
70 Asod the country with notes. bonds ana MORTGAGES
nayable In gold and then billions Of dollars OF our
dsbts have become payable In gold money by written
contracts The Of 1878 carried the act OF 1918 from
statutory the written contracts OF the country
They afraid the act Of 1873 might De repealed ana
they wished to cloak themselves under the constitutional
provision providing against the Impairment OF the obl
cation Of contracts The Of 1878 Ii worse than the act
Of 1879 The debtor as rule. has nothing to say when
executing note. The creditor, as rule can dictate me
terms Of the note The act OF 1873, though
restoring the legal tender OF silver gave TO
the creditor the option to which OF the two moneys
he was 10 paid When the creditor has the option he
demands dearer Of the two metals and the dearer II
gets the more apt he Is demand It This forces tb"
commercial parity II the TWO metals apart whereas d
fore 1873 the debtor h. the option gave to the weake
metal, II either was, aud thus maintained them at q
parity.
LARGE COINAGE OF SILVER.
rhev "a there has been larger coinage of silver
1873 than ever before.
The answer Is this Under q redemption monetary
TAM the quantity Of money issued should
not exceed In volume the quantity Of redemption money
In the country the national treasury but In the
nation among the people, for II Is presumed that II the
government needs it, 1t borrow 1t from Its citizens.
when nation borows from the people Of foreign ma
ton, 1t Is only question OF time, long continued when
II will cease 10 exist such a nation (Appause)
When disproportionate quantity Of representative
money Is issued 1t shakes confidence In the ability Of
the government redeem and general confusion and
unsoundness may be given financial system thereby
Co. that when silver reduced to the position of rep
resenatve money the issue Of quantity OF In the
form money had no effect In building up
our stock Of primary Since 1873 the government
has purchased silver and coined into representative
money There Is no judgment displayed In buying q
costly metal coin into token or representative money
II would the same purpose to coin our token
money from lead tin nickel, or other substance SO
long II Is redeemabe In gold or made subsidiary to
gold the issuance Of any quantity Of will not restore
the foundation of our financial system tApplause)
EXPLOITATION OF SILVER AND GOLD.
They say that under bmetallism, when there Is diff
ference commercial parity Of the two metals at the
legal RATIO Of one two per cent the cheaper
metal will take the place Of the dearer metal and the
latter will be exported to foreign countries.
The to that Is this III we are not In DEBT 10 Tor
eign countries time 1t true that most Of our
silver at premium OF three per cent over gold %
was Just prior 1879 shipped to foreign countries In
exchange for gold three per cent premium, and the
gold is added to stock Of metallic money. But
this does the quantity Of metallic money In
this country but the contrary, Increases BY the
three per premium obtained for our silver Where
prior 1873 received from foreign countries three
Der premium silver are now selling Il to
foreign countries at 90 per cent discount. Qong ap
paueJ Last year sold foreign countries At free
coinage valuation 100000 worth Of silver for about
e8s000oOO, whereas under bimetac conditions uS70
We would have received about s77,0O0000 for II.
II We are debt foreign nations after exchange
Of productsa balancing Of exports and importswe set
tie with them In gold silver. Under bmetallism w
chip them In settlement the dearer metal II either II
and keep the other metal for money
Either purpose for primary money. Under
these conditions prior to 1873 when gold the dearer
We shipped them gold and when silver was thu
dearer, say 1t just prior to 1879 at premium Of
per cent, shipped them our silver and with eacl
dollar shipped settled dollar and three cents worth
Of debt (Cr1es of Good Good" and applause AZ It
now with each dollar shipped settle only 30 cents
debts
Thus that the dearcr metal leaving US Is to ou