People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-06-04
Tn, Importance of Money.


py; but you cannot imagine yourself part
Of civilization and do without money. You
can do without wheat by using corn or
nice for bread, you can do without beef by
using pork or mutton for meat; but you
cannot be part Of civilization and do with
out money. without money, society would
go back to barbarism. 1t Is the most i'm
portant factor we have in civilization. and
may well be termed the blood Of civilization.
1t Is an Indispensable necessity to civilI-
cation.
One Of the rules that should be applied 10
any necessity, is that there should be
normal quantity Of II There is necessity
for so much bread. There Is also a neces-
sity for normal supply of money. Ifthere
were laws, other than the laws of barter
encouraging the boarding Of wheat, that
operated to store It away in elevators while
people suffered for the want Of 1t, you
would be In favor Of repeating those laws.
If there was not enough Of II raised to feed
the people, you would be in favor of raising
more of It. If we have laws that encourage
The boarding of money. the greatest Of
necessities. and diverting 1t from the chan
nels Of trade, by which the people and the
nation are made to suffer for II, and TO
pay black mail In order to get 1t, you should
demand the repeal Of those laws. And, IL
there Is not enough money to answer the
normal requirement you should see that
more money is made You should not
leave II to a selfish class of money dealers
to say what those laws should be.
Money Is Made by Law.
A cattle man in Kansas who owns 1000
head Of cattle knows that If one-half the
other cattle in the nation were wiped out OF
existence his cattle would be worth far more
TO him after that calamity happened than
they are worth now. The money dealer
knows this principle and he applies it ia
his business.
Cattle are raised by nature and the sup,
ply Is regulated by the demand. All ara
free TO raise cattle who wish to, but money
Is an artificial substance and is made BY
law. The money dealer knows this and he
goes where the money is made and gets
those laws made to suit his business. II
would be great temptation to the cattle
man If he had the power to destroy half the
cattle of the world.
The temptation ha been too great for the
money dealer to resist.
Bimetallism Defined
We believe that bimetallism, that relies
on two metals for money is q better policy
than one that relies on only one metal.
We do not pretend to say that the intelli.
gence Of mankind may not find a better
system than both Of them, but we do say
that TO demonetize either of these metals
Is step backward and not a step forward.
Bimetalllsm is the right TO use either
gold or silver as primary money. Thus,
under such alaw, if our trade relations OF
the laws of other nations take our gold
away, then We have silver, and no serious
INJURY occurs. And the same saving prIn.
ciple applies If our silver should leave us
and gold remained.
The vital principle In bimetallis,n is the
right to use either metal II production
grow lees on one, We have the other. and
the two together furnish a more stable
supply of money than either alone can
furnish. With only One of them for money
the contraction and expansion Of the
worlds supply. alternating as they will
makes an uncertain and unstable supply,
vi the two metals, dollar for dollar. II
parts silver to Ole part of gold, silver is the
most useful Of the two, is applied to the
most uses, and is the most sery1ceahle "a
mankind of the two metals.
The principle that IL Is safer to rely 10,
money on two metals than onone is a prin.
'cipie that We carry into everyday life. We
rely on whcat. corn and rine for bread
'onbEef. pork and mutton fur meat If one
lis scarce, we use the other.
Under free coinage Of both metois. all.
Ver and gold are In competition with eact
other to supply the demand for money
So long as pork and mutton are In com.
petition with beef. for meat, beef oanno,
rise unduiy In value and threaten the
'Eealth OF the nation. And gold could not
las N Is doing now. thpeaten Sbs usdit q,
this great nation II silver were In connect.
ton with It as money.
You hear VI called Silver mea." Az :,
we were opposed to gold7 We are oells,
silver men. because silver Is the metal DE-.
noietfzed, and we are trying TO resore II
to'eauai rights with gold We; are in favo,
or putting the white metal IN an eouaiit,
with the ooiGed metal. To dothis, does moi
mean that we put the county upon sill.
yer basis. 1t means the rEht'to make pr.
Inary nloaeF fre1 other metal and IN
this way oess relieves the strain upoa tl1.
other.
AS we have two ores. oee 20 relieve tn.
strain upon the other: TIVE eers, one to re.
ileve the strain upon the othsr, and for tlIt
same reason two openings IN the nose. tvs
lobes 10 the lungs, and two r,Uztcies to tht
heart: so b this great nece0Ny for money
.suppased ~ having Two metalx enc 10 re.
iieve The strain upon the otho. And, haY.
ing the right to use the sHn. dees not mea1
recommendation.
What Mono.netalHsxr Is.
The right to use only one metal as prI
mary money, as is tire law now. Is mon.
ometallism. 1T is THE man with one arm
one leg. OF one hung. Recommendation rs 6
one-lung monetary system
Bimetallism is the right 30 use either O,
both Of two metals. Only od,e may be II
use at time, or partially one and mostly
the other. IL one grows scarce. OF is cor
nered By SPECTATORS, we may use the other
II under himetailism, one is m use NOR,
than the other, II is because It rs the mos
accessible. and this fact meg save ON
monetary system. II gold leaves us an(
goes to Europe, under bimetaflism. II doe.
not hurt US. IT. gold, would IN s.ch cas-,
with silver taking Its place with vs., 4,
TO swell the supply Of primary money u
Europe and increase the price of products
In the worlds markets and thereby in
crease the price OF our exports 10 1host
same markets. Under bimetaiiism, the ex
portation Of gold does not hurt us. unde
gold monometallism. It's expectation de
prives US of the only primary uoneyIneta
we have Bimetailism Is the right TO us,
either metal as primary money. And tia
was the Law up TO 1878
Option of the Debtoz
Under this timetable law, the DEBTOR ho.
the option as TO which Of the Two metat
he would pay In. Thus the demand wa
regulated by the .debtoJ The government
exercised the same option as to lis cred
itors. The demand was thus applied d
the metal that vas most plentiful II sil
yer became the cheaper by q slight fsetu
alton. the demand was thrown upen II
thus restoring the parity between the twl
metals. II gold was the eheaDer Ha