The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1896-03-07
Besides one of the cathedral and other.
ediflcess belonging to The church. Il.
GIVE THE PEOPLE MORE MONEY

< 90
tfedi fees belonging to the chi church
i GIVE THE PEOPLE MORE MONEY.
| The trouble with the single gold sand
| ard men is that they thiak, or at least say
they do, that the silver men want cheap
dollar, which dollar would be swindle
! upon. the public, when the fact is the
silver men only desire that one dollar
sltal1.b be as good as$another. The people
want Il dollar to be worth a hundred
cents aid do not care whether It is made
of gold, silver, paper Or any other mate
rial. And besides. they know that
silver dollar or a paper dollar
ean be- made as good as a dollar
made cut OF any other material, If only
the. government will say SO. This may
be called fiat money, but that makes no
d.:f7eirence as long as the people accept it
lin exchange for commodities. What, III
fact, is amy money but fiat money? The
medium of exchange would not be money
at all if it did not have the stamp and
approval Of the government.
= The people. would like, also, to have less
| my ster:ous philosophy about money and
its functions. Perhaps a great many do
not understand the fine reasoning that Is
published concerning 1t, but they kno"
they have surplus produce--whether OF
tie fields or Of the workshop or factory
arnl they know that they cannot exchange
it for different kind of produce, which
some one else has and which they want
because they haven't the money They
REASON that if there we're more money IN
existence-no matter Of what it is made
that they could more readily make the
desired exchange between themselves and
their neighbors, and that is ali they de-,
men learned in finance that silver is a
dsbased currency as long as that currency
serves their purpose. They know when
gold is the only standard that the bor-
rover is at the mercy of the lender; that
the, debtor is at the mercy of the cred
iter. They know, to, that they are always
at disadvantage. They may not gener-
ally know the cause, but they are always
certain to feel the effects. They say, too,
ii the government cannot provide us with
a suf1iciency OF the kind of money 1t
sanctions now why does It not sanction
something additional? But they are told
there is ample money in the country,
and the unfortunate ones look about them
and ask, Where is it?" They look a lit
tie farther, and they find it mostly in the
hands of the comparatively feW--brought
into Their possession because OF the pur-
chasing power Of gold. -
Men who hoard money are much
afraid lest the people should get too
much of it. They tell them should such
calamity take place they would become
impoverished, because having too much
money it would depreciate its value
Our rich bankers, and money sharks and
Shylocks never seem to have fear Of
poverty through an accumulation OF
money. They pursue the even tenor OF
their way by concocting every scheme.
known to human ingenuity whereby THEY
can add to their store Of wealth. Yes, they
argue, but their dollars are sound. Yes;
and so would every other dollar be
sound if only the government would
say so. -,
1t is not here argued that the govern
ment can create wealth by the coinage
of metal or the stamping of paper, but
it is argued that when the people want
greater quantity of a medium OF ex-
change that the government can grant
it and that it doesn't make any mater
ial difference as to the material of which
that exchange shall be made. Gold and
silver are preferable, for obvious rea-
sons, for use as money, but that cuts.
people want more of some kind of money
and they do not care to. have their. feel
ings touched with gratitude because of
the solicitude of the money lenders for
their welfare. They become alarmed
at the Greeks bearing gifts when they see
the money changers of the world pro-
posing to them schemes whereby they
can live much better on a less quantity
of wealth, noticing at the same time as.
they do that their protested benefactors,
do not act upon their own principle.
f. Let silver be restored to the same posi-,
ton it held in 1873 before it was robbed
Of its birthright and then the people will,
care little for the fine-spun theories Of
the men who are flooding the country
with oratory., about man becoming
Weather because he has less money in.
his pocket. ri
ENGLISH nETHODS. -
The English press is very proflse just
now ia its praise Of America and Ameri-.
cans. The leading English journals al
most without exception profess astonish-5
ment at the. hostile spirit displayed by