Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-08-13

hNN' tH|MNllHWiNNMN NN p NNAN HN.A ~
under cover % u dtclatati m IN favor u
iuttfnnti mai bimstslism am JUSTIFIED
l suggesting that hourat money can
not BE- expected he hands % ihfsi
who d0ai dishonesty with the Amefl
can people.
HONESTY ~ M0NEY.
"what BE- tho tesi OF honesty 20
money! 10 must be- fluni Ia the
pufcbHriug power " the dnllaL an
absolutely honest dollar would not
vary in Ne general purchasing power
u would b. absoiuteiy stable when
measured by averaged pfIrrs. a dollar
which inCfoaa iu purchasing power
y iust ~ dishonest ~ d0ilrr when
necfeaVrs ~ puTchaslug u'w'L Pfoi.
Lnushlin, now of tue Uuivefsity "
Chicago, aud one ~ tho inquest goll
STANDARD nufhrtiiiOa, in HE work Ou
mmuinilltm not only admits that the
gold does not remain nbsJlutelY stable
M value, but expressly aHfofts that
'iHrfu D. 100 such thing a. n standard
value Tor iutufe rHymnuts either 10
gold or silver which remains absolutely
| iuvauallu' lie even suggests that q
multiple STANDARD wherein tho unit "a
]
number 90 articles OF GENERAL con.
sumption 'wOulI be- more just stand.
ard than other gold W silver, VI both,
because longtime contract would
be a more iust standard tuan either
gold Uf silver, or both. because a long.
time C0nifsct would tnefo1y bu paid nt
its maturity by the same pnfcnaslng
/ lOwtf ~ was glvou boo the beginning
ga - AL NH aHIH all a
that M ul.netsilism or bimUinlllsm Or
any other tyaiom glves an absolutely
just Hlau1Atd " value. Under huth
mln5motallism n1d bim8.aIism the
guvcfnmsnt nKus the weight and nne.
mos u tho dollar, invests 10 with legal
tender qualities au1 then opens tho
mins g. its unrestricted c0inage, ioay.
ing thu purchasing power OF tho dollar
90 be- determined by the number of
dollars. Bimulallism Ia totiuf than
monomotalll.m not because 10 gives "a
"a perfect dollaf-ihat 10, dollar abs1.
luteiy unvafying In its general puf.
chasing IOwef-but because Il makes
nearer approach 10 stability, w hon.
uaty, Go Justice, than gold standard
poaaibly can, rfior u 1873, whom
thUfu we're enough open minis % pot.
NIT all tho goid anu silver available
Tor coinage ~ find entrances Into tue
wOflu's volume Of standard money,
tho United states might nave main
tniuud n gold standard with Ices Injury
10 the people Of this county, but nov,
when each step toward universal
g0li standard enhances the putchasiug
power VI gold, duptcssss prices anu
Transfers 10 the pockets Of the creditor
ulata ~ unoafnud incfrmtui, thriuflu.
uuco Of this great nation must MT
DO thrown upon the uiio OF gold unless
W. are prepared To- accept the natural
aud legitimate consequence II such an
act.
"Auy legislation which lessons tho
World'a stock OF standard money iu.
cfoascs the uHonanguablr value OF the
dollar, therefore tho crusade against
silver must inevitably raise the puf.
chasl < power u money anu lower the
money value " all other iofms OF prop
cfty. Our opponents H0motimui admit
inst II was n mistake ~ dtmuuolizu
silver, but Insist that We should submit
10 Irstent conditions nthtr than 10.
turn 10 tue hlmulalllc syblum. They
orr IN tupposing that VIZ have reached
the Und u the evil results u n GOLD
standard. We have MOI reached the
emf, Tue iuIury l. continuing onu,
aud no person can say nov long the
world 10 10 suiiuf from the attempt
10 make sold the only standard money.
The same Influences which are now
operating ~ destroy silver in the
United States siii, " successful here,
10 turned against otheT advertising
countries anu each now c1uyufl % the
gold STANDARD Will add 10 the general
distress. 80 long a. the scramble Tor
goli continues, prices muht isll, and a
general tell In prices IL but another
definition u hatd times.
TAHMEu Asp wAuE EARSERs ~.
ruEatED.
"Our opponents. while claiming on.
lite disintuIostouuOsa ilt thrmtrlye.,
havo appealed 10 the telnshnrsl Of
nearly every class OF society, fucognlz.
Ing the disposition u tho individual
voter 10 Coz sldvT the siluot OF ANY pfn.
posed legislation upOu himself We
present 10 the American PEOPLE tho
uuauclal policy OutIiuui Ia tbs chi.
rngo platform believing that 10 will tt.
sul1 Ia the greatest rood 60 The gfralri'
number, The farmers afo opposed a.
the gold standard because they have
ivlt IL elects. Since they sell Vt
Wholesale and buy NJ retail thpy have
Loot more than thry have gained by
falling pficys, anu Decides THE, thry
have found that certain fixed charges
nave not ialIoa Al all. Taxes have DOT
been petcuptibly decreased, although u
requires more farm products nov lnan
formerly 10 secure tho money with
which ~ pay taHrs. Druts have not
taliuu, The farmer who owed 81 200
~ slill compelled ~ pay 1000, al.
though u may be twice a. uifiiuult a.
formerly 10 obtain tue dollar with
which n pay the deb. Railroad rates
have not brun reduced 10 ktop uaos
with falling prizes, anu bosldss thosu
TENS lhetu ate many more, Tue
farmer has thus found complaint
against the gold standard.
INSURANCE COMPANIES Asp hanks.
Tho waEe.cafnau have been inlurea
by a gold standard, anu have tKpfrfssd
themselves upon the subject with pfr.t
emphasis. La February, 1895, a pptl.
ton asking Tot tue Immediate fpsi5ra.
ton OF .hu free sud unlimited coinage
Of gold ond silver az 10 10 1 Waa aligned
by representative VI hll OF nearly an
TINS leading labor examinations anu
presented 10 Congress, Magu.taruufs
knuW that while thD gulI slaudarI Ia.
crthtes tho purchasing power Of tue
dollar, u alt1 mak,s it more d iiicult To
obtain possession OF tho dollar. They
Know mat employ maut 10 lrss psrma.