Griggs courier. (Cooperstown, Griggs Co., Dak. [N.D.]) 1885-1902, 1896-09-04

for the purpose of forming and organ
izing a Mckinley club. Let all re-
publicans and all others in favor of
sound money attend and join this
club-two weeks from tonight.
There Is Rest For The Weary.
1t is not at all surprising to see that
one H. is weary when l read the argu-
ments he tries to defend the gold STAN
dard with. 1t appears that after he
has expressed himself as being weary
he is in vain like Noah's pigeon, seek
ing for something on which to rest his
weary feet. But alas! He finds Moth
ing but our dependency on the eastern
capitalists to loan us some gold in the
hour of distress on which he thinks he
can rest safely. But, ah, you don't
know even if they do spread some of
their wealth up here when it might
please them to withdraw the same.
Where is H. and allthe rest of us then?
If that is his last hope think I am
justified in asking Mr.. III. to help to
fight for our independence by increas-
ing the quantity of money which again
will advance prices of our products
and thereby bring money out here
without appealing to their patriotism
and mercy. Then he can rest in the
conviction that he was weary and OBJ
average price of commodity depends
to a great extent upon the quantity of
money we have; for the reason that it
is the measure of value, hence theme
dollars there are the less products it
can buy because there are many dollars
or units to measure the value of pro-
ducts and commodities or vice versa.
1t is figured out from statistical re-
ports that all the gold in the world
available for money can be enclosed
in a cube % feet. This measures the
value of the property in the whole civ
ilized world which is estimated to be
about $3.50, ,OOO, ,OOO, 600. It takes COM
paratively small lump of this block to
represent the value of a bushel of
wheat. Now 1919 grains of standard
gold represents the value of bushel
OF wheat. If the government should
pass law that hereafter 5O.16 grains
standard gold should be a dollar, do
you suppose you would still get 46 to
SOC a bushel for your wheat? Would
your debt be reduced by such an act
which called for SO many dollars? or
would your taxes diminish? If a law
should pass to call one-fourth the
whole block S1.0O and that the % foot
cube of gold should be called $500
would the debt of a private party Or
municipal debt thereby decreased?
What do you then suppose a bushel
of wheat would be worth? Then with
the debts not decreasing with the per
capita of money, taxes and interest be-
ing the same as before how in the
name of everything could the farmer
sell property enough to pay $4.O0 of
debt, and yet they say that the cutting
of the measure of value in two by the
act of 1873 did not effect prices. Now
Mr.. Fl. has whole table taken from
the treasury report showing how many
silver dollars has been coined since
1873. This is only SO much the worse
for the government under our present
system for the reason that this silver
is all redeemable in gold. The silver
like the paper money are all redeema-
BILE in gold the fundamental measure
of value. OF course the silver has a
bullion value SO the government has
to make good only half of it in gold.
But it is nevertheless apromisetopay.
In case of an individual it is not a
sign of prosperity and good manage
ment the more promissoryn notes hehas
circulating around against him. Sup
posing everybody should make a rush
for Uncle Sam and demand a fulfill
ment of his promise, could he do it?
1 think it would be a sight like we Of
ten see in Cooperstown when the col
lector is after the farmer, he would beg
off or else would try and borrow from
the gold bugs on Wall street or for
eign nation and pay any rate of inter-
est and premium they might demand.
He says we have s24.3c per capita cir
culation. Then he means silver, gold.
paper, copper and nickels. Only one
of these articles is really money the
rest of them only represents money.
They are only promises to pay in
gold. Suppose H. has depositedS1, 900