The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-03-13

lveSss - ~ Nv " w0bbvo0 49,
aad moro q What We produce In srde
% Get the money with which - p,
I her demands against ~.
Speaking Of the difference bstvssl
our situation and that OF England tn
New York Financial Record says:
Great Britain IL . great credltel
oatiOn. which means that there u II
the main . normal current Of gol<
lowing toward London all the time
This current II reversed. and then ONLY
temporarily. when British capital Il
loaned In sufficient quantities to carry
gold outward: or when British expend.
Itures abroad for the nonce exceed the
purchases made Of her. The natural
trend Of gold u toward her shores: %
her great bank can curb any outward
tendency Of the yellow metal by taking
the customary measure-except In the
very great emergencies that arise a.
long intervals when extraordinary
measures are needed.
Considering the conditions affecting
the United States. great debtor nation.
- to other nations. how different sit
uation We 1nd! To be a debtor nation
means that the natural trend OF the yell
low metal 10 outward. its normal now
away from our shores. When that cur
rent II reversed and gold comes to Us.
the reversal IL but temporary In Its
nature. and brief In duration.
We can permanently retain gold In
this country-our distributive share Of
N-only BY putting our general price,
level enough lower than the price-level
tor things In general in other gold stand
ara countries to render gold more valu-
able here than elsewhere: that Is. gold
must have . greater purchasing power
here than In other countries-a pur-
chasing power enough greater to Offset
the fact that We are q debtor nation
from whose shores the yellow metal
naturally tends to depart. A contrac-
ton of this currency drastic enough to
accomplish this beloved purpose might
be made by following the wishes Of
some bankers. II II. however. worth
while to face the misery. suffering. and
the political and social upheavals which
such . contraction would cause. merely
to keep . yellow metal within our bor-
ders? We think not. even though the
metal be named gold. and happens to
be at present the favorite metal from
which to fabricate coin, in the esttma- |
ton Of minority Of our people"
In his admirable monograph on our
debt abroad. published In No. : Of this
paper. Gen. A. J. Warner went largely
INTO details. and showed the utter i'm
Of the United States perma-
aently maintaining the gold standard.
No one DESTROYS Of undertaking. the
'eal situation should fail to read that
'aper.
The gold standard means absolute
uin to all but the monied CLASSES In
he United States. To maintain II We
must sell our produce 20 much more
heaply than other countries will sell
I. - to enable 10 to pay for everything
ve buy abroad. besides the interest
pom our foreign debt amounting to per-
APPS $500. 900 900 year. and still have
balance In our favor.
But 1t must be remembered that the
heaper our products become. the more
will take Of them to settle this vast
Dreign demand for gold. II prices
hould tall one-half from their present
CURES. We would have to sell twice -
lany products to realise the same
Of money: and II We could spare
uch q quantity. Il would probably glut
be market. In nne. the more We sold
be worse We would be Of.
There Is nothing in economic history
D compare with the absurdities and !
Of the Arguments made
a behalf of the gold standard.
In one breath We are told that the
luse OF low prices 10 "overproduction,"
, the next We are informed that We
lust produce still more and sell It still
,wer prices In order to undersell all
lher nations In the European market.
There Ii but one remedy for the un-
atural conditions which now exist.
hat IL the complete reconciliation Of
liver. =
Such . measure will not only increase
,e money volume Of the Western
orld. thus giving . healthy stimulus
} prices. but II will deprive silver
ling nations Of the tremendous ad-
lntage which they now have By reason .
the difference In exchange. Il viii
We the producer some Of the benents
,cruing from his own labor, and start
% republic upon . new and brighter
reer Of prosperity In which al classes
~ share.
Send for THE Great Conspiraey."
cad IL. Then send It TO some one you
nov who 10 not IN advocate Of silver.
rite to-day National Bimetallic
MON. 1sl Monroe street, Chicago.
Aagsy With EvsPyhoAy.