The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1896-10-17
The Money standard Explained.
What constitutes constitutions

HOW long has that been the case IN
these United States?
Ans Ever since the formation of
this government, till in 1873 the Re
publican Congress passed an Act de-
monetizing silver.
What was our money standard up
to 1873.
Ans. Gold and silver together,
called bimetallism. Where two coins
were basic money, that is, measured
the value of everything else, whether
property or labor.
What has been our standard of mon-
ey and values since 1878?
A-Gold alone, and this is called
monometalism OF the single gold
standard. Since 1878 gold alone has
measured the value of everything else
in the shape of property or labor as
well as of silver coin. and has moth
ing left to measure the value of
gold itself-it fixes its own value, by
reason whereof and the scarcity of
money, gold coins have greatly appre-
ciated in value, and everything else,
like property, labor or silver, has been
correspondingly deprecated in value.
Before silver money was so demon
cited, how did silver money compare
as to amount and value with gold?
A-The amount of gold and silver
was about equal, while as to value, as
money, silver rated about per cent.
above gold.
How did such virtual destruction
of silver money affect the financial
condition Of this country?
Alt struck silver down as basic
money, and so destroyed about one
half Of the constitutional money of
this country, and thus made money
scarce and the value of the standard
silver dollar to depreciate, or fall to
about so cents, as compared to gold
which greatly appreciated itself and
its value.
How did this scarcity of money aud
appreciated value of gold affect the
common people of the country, and
the prices Of labor and farm products?
ALL know by sad experience,
hard times commenced, prices OF
stock, farm products and labor began
to go down and down, until now it
takes about three times as much OF
either kind to pay debt of any given
amount as it did prior to 1873.
Please explain why this was SO?
Alt made money scarce and in
sufficient to supply the necessities OF
the people, and also caused the gold
money to increase in value, so that a
gold dollar is worth nearly twice its
lawful value, and made it purchase
about twice as much of the peoples
property as it ought to do, and silver
money being made scarce and hard to
get, and the common people could get
nothing else, so to get little money
to pay debts, taxes, ETC., they are
compelled to part with a good deal OF
property and labor. For it is well
established political axiom, that when
money is scarce or dear, Gas gold is
now prices of everything that money
purchases is correspondingly low, and
distress must abound.
If the decentralization of silver and
the reducing of the volume of our me-
talic money one-half has made money
scarce and brought on the hard times
we are now having in this country,
and the great suffering we are now en-
during what remedy do you suggest to
end the evil?
Artist, remove the cause and its
effects will cease. Repeal the Act OF
1878, and all subsequent legislation
and edicts of a kindred nature. Sec
ondly, remonetize and restore silver
money to its ante 1873 status, re-de-
clare it legal tender money like gold
in the payment of all debts public and
private, and provide by law that both
gold and silver money shall be basic
money alike and receive the same
treatment as to minting or coinage
and put in circulation alike by the
government paying it out in the liqui-
dalton of its debts of every descrip-
tion the same as gold, and soon the
volume of our basic money will be
greatly increased, the parity in value
of gold and silver will be at once re-
stored. Money will become plenty
and good. The gold dollar and the
silver dollar will join hands as Of yore
and be readily exchanged for each
other. Prices will again rise, the
wants of the people satisfied and hap
piness and general prosperity again
return to bless the people.
| What else will the restoration OF
silver money to its ante 1873 status
do?
| Alt will enable the financial de-
partment of our government to have
twice as much lawful and good money
to discharge its financial obligations
within strict accordance with its Of
fetal oath and at the same time en-
able the government to discharge its
monetary obligations honestly with
out crouching to England, the Roths-
childs or the gold bugs of New York,
or their syndicates to loan it gold coin
at high rates of interest to pay with,
and thus save billions of debts the
people would in the end be bound to
pay.
Now let us enquire which of the
parties now asking the suffrages of the
American people advocate the single
gold standard Of money and which the
gold and silver standard of money.
A-The gold bug Mckinley party
and the gold bug boilers party headed
| by Palmer and Buckner calling them
selves the National Democracy. This
nonentity party is made up of a few
ambitious, rule or ruin men once call
ing themselves Democrats but now
avowedly working for the election of
Mckinley and most of them will vote
for Mckinley, but unlike Judas Iscar-
riot in but one thing. Judas after he
betrayed his Lord to death so far as
we know, never claimed to be Chris
tian but these boilers after their be-
trayal of the true Democracy still
have the audacity to claim the name
of Democrat and to wear the garb of
an angel as it were, to serve the devil
in. But their names are few, and
their memories for good, fewer. The
hosts Of the enemy of the country are
now divided in twain and on the 3rd
day of November next, will as we be-
lieve, be scattered to the four winds,
where the woodbine twineth not.
But William J. Bryan, the brave,
the patriotic, and the true friend of
the people, is the lawfully and regu-
larry nominated candidate, and the
regularly called and constituted con-
vention Of the great Democratic party
at Chicago by almost unanimity is the
valiant leader of the party truly known
as the Democratic party of this nation
and now marching by rapid strides to
victory at the polls in November. He
is the only party leader now leading
the hosts In favor Of the bimetallic
standard Of mOney-that is the stand
ard of our fathers and of the consti-
tuition, that will restore the whole