Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-06-26
Money and Prices.

tious, in the form of plate matter and
ready printed sheets to the rural press
of the country, the object of which is
to convince the producers of all elias
ses that such dollar is solely for
their benefit.
Let US scan this claim and see if it
is founded in truth and reason.
II il is true that "a dollar of the
greatest possible purchasing power
is the dollar for the-farmer, the labor
or, the artisan, the mechanic, the
claim of the millionaires who own
these dollars will bear investigation.
Every article that is sold is the pro-
ducts Of one or the other of these
classes. The milllonaires who clamor
for these dollars of immense purchas-
Ing power have nothing to sell, they
are purchasers, and they know that
to make them scarce and hard to OBJ
tain increases their purchasing power.
Is that in the interest of the farmer,
the laborer who has nothing but his
labor to sell, the artisan, the manu-
facturer3
The present standard, but partially
established, has practically destroyed
one half the money value of all our
great staples, brought business al
most to a standstill, arrested and sub
stantially put an end to all improve
ment, filled the land with idle men,
and cast the shadow of &C tual suffer-
ing and want into untold thousands
OF humble homes. Ever increase to
the purchasing power of money aug
ments these burdens of the laborer,
the farmer, the manufacturer, the
producer, and benefits only the class
who own the dollars. Labor on the
farm, III the workshops, in manufac-
tories, finds employment in proper
ton as the the product of the farm,
the workshop, the mandatory re-
turns a profit for the money invested
and the labor expended. Every in
crease in the purchasing power of the
dollar means corresponding de-
crease in the price of the products
OF the farm. the workshops and the
manufactures and q corresponding
inability to employ labor at remuner
alive wages. These in turn produce
strikes and lockouts and turns labor
out upon the highways, unemployed
tramps in search of work and wages,
1t enables the millionaire mauufac-
turer who can maintain monopoly
in the market for his products like
standard oil company, the coal bar
Ons, and the iron master to employ
this idle labor at barely the wages
that will supply it with the means to
exist, and enables these to crush out
and ruin all business rivals. In the
treatment of this subject in the
June Arena, A. J. Utley concludes
an able article as follows:
If there is large volume of money
In circulation 1t will find it's way into
the hands of the people and it cannot
ne 30 easily cornered by trusts, syn di-
Gates and combines; but if the volume
0 money is small, in proportion to
the demand, 1t can be cornered by
the money king. Ii the volume of
money is small, its purchasing power
Is great and commodities cheap, and
the creditor class, the men with fixed
incomes and large capital, can mani
pulate the money and control the des-
tiny Of the people.
There are thousands of men in
moderate circumstances men who to-
DAY are producing commodities which
they must sell on the market for less
than the cost of production, men
whose every interest would be pro-
NOTED by bimetallism, that are shout
ing themselves hoarse for single
gold standard, simply beca Use such a
standard is demanded by their party
leaders. These men are honest and
unselfish, but they are blinded by
partisan prejudice. But how about
the honesty of the leaders, the men
VINO are informed, who know the
consequences that must result from
the destruction of one-half the money
in existence? These men are not hon
est; but instigated by selfshness or
by hope of party supremacy, in utter
disregard OF. the misery, poverty and
absolute serfdom and slavery that
must be entailed on the great Inass of
the people, they have entered into
the most gigantic and fiendish con-
splracy ever conceived by man to en-
rich themselves and senslave the
world.
While the money-using people have
been more than doubled within the
last halt century, and the demand for
money has been more tnan quadrup.
leh by reason of the immense ad-
vance in productive industry, these
men propose to destroy one half of
the money in existence and prevent
the people from making any more.
Ii single gold standard is adopted
the annual production of gold will
not be sufficient to supply the de-
mand for use in the arts and keen the
ola stock good. If the single gold
standard can be forced upon South
america and Asia, gold value, com
modltles must decline to one fourth
OF the present price, not dollar for
al Time to come can be added to the
circulating medium but ON the con
trary there must be constantly di-
nlnishing volume of money.
This is the contest. If the monay
Kings can force gold monemetallisIn
upon the world they will succeed in
establishing the most gigantic mon
eyed aristocracy among the rich. and
the worst system of peonage, serfdom
and slavery among the masses that
mas ever cursed the human race.
The Modern Beauty
Thrives on good food and sunshine