Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1896-09-30

SILVER Standing still Applause To close the minis
silver Whhe leaving them open to gold taking away
option of the debtor destroying the for
silver Is what has affected Its relative commercial value
WIN gold 1t is not fair to clip birds wings, then
onn IL because 1t can't ny. ong, continued applause)
THE SILVER BULLION OWNERS
They that coinage of silver is in the
OF the silver bullion owners II that is true then frce
coinage or gOld which have is in the interest
Vi the soid bullion owners Applause) If there is
"HVnins In their argument. they should advocate the
CLOSING OF the minis the free coinage of gold When
government decides what money should made of
IL dec!des It, should So for the benefit of society
and when that decision is made it should be made with
feerehce to civilization. Any celia that
may result to those who dig ground is in
teiy small as compared with these who benefited
The loss to wheat growers and cotton growers by
'ne deonetzaton of silver say nothing of the own
ers or all other property mounts up the billions Of
collars during the past twenty years. and is in
litey greater than any loss that has occurred the
SILVER miners.
HOW IT WILL CIRCULATE
1hey say suppose we have free coinage Of silver L.
VIII only benefit the silver bullion How Will
get into circulation? How will you get it without work
Ing as hard for it you do now?
The answer is this. When the silver bullion owner
taxes 1t to the mint it will be coined morey and
handed back to him, the paper representative rep
resentatve money will be handed him. while the minis
com 1t later The first thing he will will to pay the
railroads the freight it, this part will
ton by being paid to the employees the railroad
from them to the boarding houses and farmeE who sup
ply the boarding houses and the merchanss where
the railroad employees buy their goods He will next nay
the smelter that smelted IT, the rener it. and
they will pay it to their employees will next go
the mountain where the miners delvng ground
and he will pay the in their shirt sleeves diners
who have mined it, he will pay the the burro
trains that packed 1t down the mountains He will my
the manufacturer for the machinery osted it opt
OF the ground and for the powder blasted it from
the EARTH and when lie is through putting it circu
latOn he will be fortunate he has 10 cents M
the dollar left. OonS applause)
WILL RUN GOLD OUT OF CIRCULATION
They the free coinage of silver will run gold ont
Of circulation. So far have answered this the
is this
Gold is not in circulation to be out There is
no gold in circulation among the people the bank
vaults of the large cities. cOrnered And the gov
eminent is now at the mercy of those who wish
to remind yOu citizens of republic. that no money
should be the money of republican people that does
circulate among the people of the republic No Republic
exist such for long period whose vital necessity
is not in possession of the people the posses
sion of selfish class, it will be bull and bear
prices till prosperity among the people is ruined GAP
pause Silver was the money of the people and circu
lated to the very of civilization does now as
token money and no money is appropriate a republican
people that does not thus circulate (Appause)
IMPROVED FACILITIES.
They say that improved facilities is what has lowered
prices
The is this: From 1850 1873 and especially
from 1860 to 1873 the greatest years of improved
facilities this country has And yet in the
face of improved facilities prices advanced We all
of the improved machinery for farming prior 1873,
except the efbinder and yet in spite these improved
facilities and lessenng of harvesting the farmers
products increased in price The was this: While
improved facilities creating property was
also creating larger production of the two precious
metals The prices refer the rising prices in
the worlds markets. Applause.) The of produc-
ton is not what makes prices. Prices by the
relative quantity and demand therefor of property and
money One is seeking Investment in the other and
their relative quantity and demand therefor regulate
their relative values. Improved facilities may cause
overprOduction OF product, and in this way,
supply lower it's value But industrial history shows
that there such thing overproducon for as long
a period three years. seldom for two years The
producers of the world have their hands
the markets and shift their energies things
which there is demand. If you cannot once grasp
this teaching of industrial history, you cam what am
about to say 1t is this There is no such thing
production when there thousands of our peo
pie going hungry and half clothed. Q-ong applause)
Improvements make demand for labor Rail-
ways thousands people at work with
occupation. Gas and electric light plants from the
manufacturers who make the improvements the men
employed in operating Them multiply the en-
ployed far beyond the number engaged in making the
lamps and talOw candles they had superseded
THE QUANTITY OF MONEY
They say we have much money per capita as in
1873. The answer is this: 1t is in gold and
all forms of credit much per capita we had
in 1873 But two-thrds of this money is credit
money and less than gold or primary money
1t is therefore topheavy 1t shakes confidence in it all
Primary money fixes the level prices and will sup
port only equal quantity of money any greater
issue of credit money does not help the situation but on
the contrary, it is harmful We have than onehalf
as much primary money had per capita in
1873. We have only half much sound money now as
in 1873. When you consider the money boarded up in
bank vaults not to go again into circulation except in
the loans, which is hurtful there is not to ex
coed dollars per capita circulation to-day in the
United States. 1t is not money loan that gives n
healthy to business it is money seeking Investment
purchases SHAT benefits trade (Applause)
EFFECT ON FARMERS
They say admitted wheat is 80 cents bu,
you can buy much with that so cents as YOU could