Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1896-09-18

eOSs@ SSS SSeASS
wherever right thinking and right
notions are allowed free expression.-
Yankton Gazette.
JUDGE CLEVELAND AGAIN.
Judge Cleveland, in last weeks Her
aid, declared that the STAR "grossly
misrepresented" his argument against
Coe I. Crawford's speech. If we did
we humbly apologize to Judge Cleve-
land, for whom we have the profound
est personal regard, but we cannot see
that we have grossly misrepresented"
him. The judge first criticised Mr..
Crawford for saying "when I hear a
man saying that falling prices we're
caused by the crime of 1879, feel like
saying, confound you, 60 and read the
history of your country" From that
Mr.. Cleveland made his argument, oit.
ing various and numerous authorities
to substantiate his statements, that Mr..
Crawford was mistaken and "that fall
ing prices WERE caused by the crime of
1s73," by the doubling" of the gold
dollar. The difference between Judge
Cleveland's position and that of the
STAR seems to be that he is talking of
the supply and demand of silver, or
gold, while we were referring to other
commodities as we'll, such as wheat,
corn, ETC., products of the farm, which
the free silver people claim is SO low
on account of the '.crime of 1873"
Judge Cleveland will certainly not
contend that Mr.. Crawford referred to
gold or silver when he was talking
about supply and demand regulating
prices, and when we stated that Judge
Cleveland cited authorities "to show
that supply and demand do not govern
prices" we did not mainly refer to gold
or silver, but to the very products that
Judge Cleveland's party refers to fre-
quently as being cheap in consequence
of the "crime of 1873"
If Judge Cleveland's argument, pre-
sented in the Herald of two weeks ago.
intended to show that supply and de-
mand regulated the prices of all
"things of value" it was not plain to us,
for no commodity was specifically re-
ferred to, except gold or silver. But
since he admits that supply and de-
mand fixes the price upon all commo-
dities, we are perfectly willing and glad
to accept his statement to that effect.
Now, Judge Cleveland virtually ac-
cepts the proposition, that falling
prices were NOT caused by ''the crime
of 1873, for he says in last weeks Her
aid, 1.-THE DECLINE IN PRICES DID BEGIN A
FEW YEARS PRIOR TO 1873" Since it is
proven beyond question that the sup
ply of products has continued to in
crease and the prices therefor have
made corresponding decrease, since
''a few years prior to 1872 can it con-
sistently be contended that this low
price has been caused by "doubling'
the standard ofvaluesin the year 1873?
We hope the judge will make his an
swer plain on that point.
If supply and demand regulate the
price of money the same as it does of
''all things of value" how can our
friend harmonic his claim that the
value of money has been doubled when
the quantity of money itself has been
moro than thrilled since 1878?
The judge said in the Herald of Aug
%:
ga large demand has been brought
to bear upon limited supply of gold
by the unjust act, called, and PROPERLY
called, the crime of 1872 By that act
silver was reduced from it's position as
a money metal to that of a com
modify"
We would like to have the judge ex-
plain if there was an increased demand
for gold after the adoption of the '73
"crime''?
And we desire to know, too, if we are
to understand our friend Cleveland to
say that by the act of '73 "silver was
reduced from its position as a money
metal to that of commodity" and has
SO continued to the present time?
Was silver used as money in fact for
the general transaction of business up
to 1873?
Was it used so extensively as a
"money metal" prior to 1873 as it has
been since?
Says the Judge again last week:
"Neither the amount of silver coined
prior to 1873, nor the amount coined
since that date cuts any material fig-
ure in the matter under discussion"
If that be true the demopop theory
that an increased coinage would
enlarge the circulation is explod-
ed. If it is double" standard
that the demopops want instead of
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