West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1896-10-15
HOW PROSPERITY WILL COME.
Bimstaili-m WIZ Steady Prices--rxeepInE
the Two Metals Togothon

Crystal, y. D.-l. with thousands OF
others. should like TO be enlightened
upon the following questions:
/. Through what channels will pros
perhy come in the event OF free coin
age?
2. What laws will preserve the
equality OF the two nlctals2
}. What will he tho effect on foreign
silver and whTt viii prevent spccula-
ton I'm foreign silver by having il
coined into American dollars?
j. l.. CARR.
1. Tho fundamental trouble with all
productive enterprises at tho present
time is found I'm the fact that year by
year general prices are falling TO a
lower and lower level. Every manu-
facturer knows that IL is impossible
TO conduct n profitable business when
his products are constantly declining in
price 1t Is agreed by all political
economists that a general fall in prices
really means an appreciation I'm the
value OF money. The continued de-
cline In general prices since 1873 in
all gold standard countries means
therefore, that the volume Of money
has been insufficient 20 keep pace with
population and business. The great
virtue that bimetallists claim for the
remonetization of silver is that IL will
so increase the supply of the money
material thnt our money volume will
be adequate To keep prices steady. The
minute we steady prices prosperity will
set in, because whenever manufac-
turer can sell his goods for "a greater
| price than they cost him 20 produce
no other encouragement is necessary
TO induce him To manufacture goods
The farmer Is In the same position as
the manufactures, and. whereas. he
now finds his crops cost him as much,
IL not more, than he can sell them for,
owing TO the steady appreciation In
the value OF money, he will find then
conditions reversed md his crops sell
| Ing for more than they cost him
?. Nmeiall;StS clam that the equal
ity of the metals In value at the legal
ratio VIII be preserved by the option
which bimctallisIn gives To all persons
TO use either metal they may
choose Should there be "a ten
dency for gold TO rise In com
| parison with silver the demand for
monetary purposes Is thrown upon sill
yer and withdrawn from gold until par
| ity Is secured. Should silver show n
tendency To become more valuable than
| gold then the demand il taken from sill
yer and put upon gold, with a like re-
| suit. This action in regard 10 silver
| hnd gold * in no wise different from
| what IL Is In other cases where one ar
| ticlc Is "a substitute for another. Both
| wheat and corn can be made into
bread, and both Will sustain life. II
wheat should become very scarce the
| fact that cornmeal could be used would
prevent the price of wheat rising be-
yond "a certain figure. People would
begin TO substitute corn bread for
! wheat bread, and thus the demand for
wheat would be decreased. The trouble
with the single gold standard Is that
when gold begins TO go up silver could
not be substituted, and therefore all the
nations on gold basis have been striv-
ing 20 secure as much as possible of the
limited supply OF gold on hand. with
! the result that gold keeps steadily
mounting higher and higher.
3. You must understand that the price
OF silver in the Cnited States would be
the price the world over. No one would
bring silver here 30 be coined from any
foreign country, because the price in
the foreign country would be tho same
ns that here. less. perhaps. charges OF
transportation. etc. Besides this. no
/ foreign coin would come here 10 be re-
! coined. because In most countries their
| ratio Is higher than one TO sixteen. and
/ hence there would be o loss In bringing
/ " here TO be coined Foreign subsidiary
/ silver coin, Of course. would not come.
I There is also no great stock Of silver
/ bullion. that is, uucoined silver, any
where in the world. The silver basis
/ countries need all the silver money
| they have on hand. Under these cir
cumstanccs You will perceive that no
/ speculation would be possible.
Chairman Gowdy, OF the Indiana re-
I publican state committees, recently adj
! dressed letter 20 the Indiana stove
/ works OF Evansville, Ind, detailing the
| wretched condition OF the country and
! asking a contribution Of money TO as
I sist I'm the restoration Of the republican
I party 10 power. "to avert further en-
/ iamity." Instead Of sending q contri-
I button, Mr.. J. w. foehnc. secretary Of
| the Indiana stove works. replied: "The
! election Of Bryan will cure n1ost Of tho
/ evils from which the masses are suffer
l Ing. Have voted for Garfield. Blaine
! and Harrison, but will vote for Bryan
/ this time"
NJ you couid enter thohonnca ~ This ha-
] tion and sec how hope deferred hes made
! the heart sicksifyou could see the parents,
\ who, In hopes of better days. have planned
/ for tho higher education o. their children.
/ in order that ths children might begin the
I battle Of life with greater adVantages than
\ their parents,but who have been compelled
] Ill
\ keep tho wolf from the door. you would
l understand what tho goidstsndard useaus.
ne means 81 lower order - ciyiiizotio and.
\ ~ continued, We viii sink down where the
few own All the wealth. and tho many are
simply dcpen dent tenants. SIR. Bryan at
I Charlotte. ~ q.
The indianapolis convention has been
/ described ao the finest array Of bank.
/ ers, railroad men ard attorneys for cor
| porations and trusts ever got tc gctbar."