Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-04-30
..souND MONEY.

eomo Pertinent Points ~ 20 WhAs Constl-
II the howlers for sound money were
called to define just what they moan
by the term SO fippantly used they
would be cornered to the pitiable
plight OF fgurating in generalities, or
coming squarely down to the notch OF
s.only gold. This is the Wall street
demand.
Soundness only has reference to per
manency and stability, and the silver
dollar is just as sound as the gold dol
lar. when unbiased by Legislative pro-
lection or prejudice.
The proposition may be laid down
that any money is sound which has
fixed value and is not liable to disturb
ing fluctuations, whatever may be its
unit basis. The scarcity of gold gives
it one value. Legal protection gives 1t
another. The same law of supply and
recognition gives silver its value.
The difference is in the fixed esti-
mates of two fixed quantities With
out legal restraint the value OF IN
ounce of gold would be liable to as
much variation as that of an ounce OF
silver, measured from some other fixed
quality that might exist as q medium
of exchange. The distinction of guam
tativa value has no bearing. 1t does
not matter even if 80 parts Of silver are
only equal to one part of gold. SO that
the value is reliable and permanent
The question of soundness only relates
to permanency.
The Times-Advertiser is opposed to q
gold basis because, as q metal, 1t Is
most largely mined and owned and
rated by a government that has
reach he'd its full measure of develop
ment; is our only immediate COMPETE
tor in general manufactures; is our
rival in all finished products, and our
superior in every instance, il allowed
to dictate our economic policies.
. As an open and honest confession
the Times-Advertiser favors bimetal-
lism because it will reduce the unit of
value. As relates to present creditors.
it wants q 50-cent dollar; or. as HON
estly stated, a dollar that is not 30 au.
tocratic as to only seek q homo with
crowned heads and massive vaults,
that does not destroy the value OF ev-
erything else except the dollar.
It believes that plan of legislation,
whether state, national or interna-
tional. that creates distinction of SO
per cent in the favor of the man who
has selfshly and cowardly boarded his
dollars as against the man who has
periodically invested his money in
productive property and labor-supply-
ing enterprises. is UNANIMOUSLY design
ing in its perfidy of purpose to destroy
the weak and rob the helpless.
There is no need to go into the
shoddy consecrated vaults of Wall
street to study the financial question.
When the system is wrong, the ebbing
pulse of trade and industry and the
horde of idleness tell the story.
When property ceases to have sell
ing value and no investment can be re- !
lied upon to sustain credit, it is be-
cause money has been given q fictitious
value, and the owners believe that by
holding it they can buy still more
property as the greater distress pre-
walls.
When real estate will not bring its
price of taxation and costs at the
courthouse door people should be inn
pressed with the fact that complete
Capitalization is near at hand. And
the silver dollar is the only means of
staying the calamity. - Brunswick
(Ga-) Times-Advertiser.