Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1896-09-30
IMPORTANCE OF MONEY.


Money is the blood of commerce. lfe-givns fluid Of
civilizations the vital organism of
You do without wheat. beef any other single
commodity classed among the necessities of life, and
yet he healthy and happy; but you cannot imagine yeur
self part of civilization and do without money. With
ont money society would 20 back to barbarism. 1t is
OF the important factors have in civilization,
and may we'll be termed the blood of civilization 1t is
Indispensable necessity to civilization.
One OF the rules that should be applied to any
sty is that there should normal quantity There
is necessity for much bread There is also ncces
sy Il normal supply of money. If there were laws,
other the laws of barter encouraging the boarding
of wheat that operated to store it away h elevators
while people suffered for the want of it. you would be in
favor repeating those laws. If there not enough
OF it raised feed the people you would be in favor
raising of it, II we have laws that encourage
the boarding money the greatest of necessities and di
vcrns the channels of trade by which the peO
Die and the nation suffer for it, and pay
blackmail in order to get it, you should demand the re-
peal of those laws. tAppause) And. if there is not
enough moEcy answer the normal requirement. you
should that more money is made. You should not
leave selfish class to say what those laws should
be.
MONEY is MADE Ply LAW.
cattle nan in Kansas who 10000 head OF cattle
knows that if one-half the cattle in the nation were
pc out of existence his 10000 head of cattle weuld be
worth far him after that calamity happened
than they worth now. The money dealers know
this principle and they apply it to their business.
Cattle raised 10y nature and the supply is regula ted
hy the demand All free to raise cattle who wish to,
but money artificial substance and is made by law
The money dealer knows this and lie goes where the
money is made gets those Ia made suit his bust
1t would be great temptation to the cattle man
Il he had power destroy half the cattle in the
world The temptation has been too great for the money
dealers to resist. (Applause)
WHAT 16 TO MEANS.
gold standard business man. proprietor OF large
manufactory. recently asked me what 1G to 1 meant.
concluded that would find what lie thought it
meant l asked him. lie replied: My understanding
people want sixteen silver dollars coined to
every gold dollar" G4aughter) This average
lsacss man. AS rule they have been studying their
Occupations and know but little about laws that pro-
VII us with money.
What il means this: 1t the free coinage of both
metals with the pure gold in the gold dollar weighing
,->iNteenth much the pure silver i'll the silver
dollar What forefathers meant when they said 10
10 was it took sixteen gold dollars weigh as
much rs silver dollar 1898 TO is the ratio but
we say Ii to for convenience At this relative weight
the TIVE metals be coined into money as it comes to
the mint and handed back TO the person bringing the
metal 1t contemplate equal proportion dol
lar for dollar OF the two metals in circulation money
There may little of and much of the other or vice
versa OF one and all of the other. The ratio
OF IL simply has reference TO the relative weight
OF the dollars coined from the two metals.
BIMErALLISM DEFINED.
Bimetalsm is the right to use either OF two metals
money-gold and silver The essential principle in bimet-
alism is the right either metal money Under
s,lrh law il trade relations the laws other
nations take gold then have silver aud no
serieus injury And the saving principe
spples il our silver should leave and gold remained
The vital principle in bimetalsm is right TO use
either metal Ii production less one. la
the other and the together furnish more stable
snnnly of money than either alone can furnish &i.h
only one of them for money. the contraction
paus:on OF the worlds supply. alternating as they Will
makes an uncertain and unstable supply. OF the Two
metals dollar dollar, parts silver 10 one
of gold silver the useful the two is applied
to the and is the most seryceabe TO mankind
OF the metals
Under free coinage of both metals silver and gold
are in competition with each other supply the De-
mand money. So long pork and mutton are in
competition with beef, for meat, beef cannot rise un-
duly value and threaten the health OF nation And
gold could not it is doing now, rise in value and
threaten the credit of this great nation il silver were
in competition with 1t as money. (Applause)
The idea of relying two metals for money rather
than and thus having relieve the strain upon
the other is taught by the simple law of nature We