Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1896-08-21

IltSm is DelIeT lldu
NJ because it gives US a perfect
cause that is dollar absolutely
in it's general purchasing
Ii because 1t makes nearer ap-
81 stability, TO honesty, to JUS
a gold standard possibly can.
1873 when there were enough
lis to permit all the gold and
1ailable to find entrance into the
Volume of standard money, the
|<&1 hates might have maintained a
odard with less injury to the peo-
<Is country; but now, when each
ard a universal gold standard en-
rs lie purchasing power Of gold, de.
hrices, and transfers to the oock
1e creditor class an unearned in
the influence of this great ma
n not be. thrown upon the side
<61 unless we are prepared to accept
0xt1ral and legitimate consequences
5iI1[ IN act.
legislation which lessons the
46<1 stock of standard money in.
H1|e1 HE exchangable value of the dol
Hrefore the crusade against silver
4 0evitably raise the purchasing
E6l "a money and lower the money
III AZ all other forms of property.
I1e1n Oh tizatiOn "a Mistake.
3uc opponents sometimes admit that
|Q4I4 d mistake to demonetize silver,
Ins{st that we should submit to the
sent Conditions rather than return to
|e<8{Iism. They err in supposing that
hate reached the emu OF the evil re-
Is of the gold standard; we have rot
eh61 the end. The injury is a con-
ling one, and no person can say how
world is to suffer from the attempt
make gold the only standard money.
zafne influences which are now oper-
III To destroy silver in .he United
TEN will, il successful, be turned
inst other silver using countries, and
4 new convert to the gold standard
add to the general distress. So long
the scramble for goio continues prices
il fall, and a general fall in prices Is
another definition Of hard times. Our
onents, while claiming entire disinter-
'dness for themselves, have appealed
he selfshness of nearly every class of
efy. Recognizing the disposition Of the
|vidual to consider the effect Of any
posed legislation upon himself.
WE present to the American people
financial policy outlined IN the Chi
D platform, believing that it will re-
. IN the greatest good to the greatest
nber The farmers are opposed to the
/ Standard because they have felt its
ct Since they sell at wholesale a1d
at retail, they have lost more than
y have gained by the falling prices,
BESIDES this they have found tHat
tain fixed charges have not fallen at
Taxes have not perceptibly de-
ased, although it requires more farm
DUDE now than formerly to secure the
ney with which to pay taxes. Debts
IB not fallen. The farmer who owed
D IS still compelled to pay $1,000, al
ugh 1t may be twice as difficult as
nerly to obtain the dollars with which
pay the debt. Railroad rates nave
been reduced to keep pace with the
ing prices, and besides these items
re are many more. The farmer has
q found complaint against the gold
ndard.
Wage Farmers Injured.
Wage earners have ben injured by
q standard, and have expressed them
yes upon the subject with great en-
isis. In January, 1895, a petition ask
for the immediate return of the free
| unlimited coinage of gold and silver
16 to was signed by representatives. of
or nearly all the leading labor organ
tons and presented to congress. All
&c earners know that while the gold
ndard increases the purchasing power
the dollar, it also makes it more diff
to obtain possession OF dollar, anc
y know that employment is less per
nent, loss of work more probable and
pIoyment less certain. Gold standard
'ourages the boarding of money be-
lse money is raising; it also discour-
Is Enterprise and paralyzes industry.
the other hand, the restoration of hi
ta1lism discourages the boarding, be-
Use when the prices are rising money
i not afford to lie idle in the bank
hts
Ire and Life Insurance Policies
Our opponents have made special ap-
il to those who hold fire and life insur-
,e policies, but these policy holders
DIV that since the total premiums re-
we'd exceeds the total losses paid,
ing Standard must be of more benefit to
npanies than to it's policy holders.
lch solicitude is expressed by our OPP
aents for the depositors in savings
AXIS. They constantly parade before
,se depositors the advan' ges of the
d standard, but their appeals were IN
IN. because the savings bank depositors
oW that under the gold standard there
Increasing danger that they lose their
posits, because of the inability of the
nks to collect their assets; and they
d Further know that if the gold stand
Is to continue indefinitely they may
compelled to withdraw in order to pay
ing expenses.
RuinOus to Investors.
It is only necessary to note the In
saslng failures in order to know that
) sold standard is ruinous to merchants
4 manufacturers. Those who hold as
Investments the stocks OF 'hll-
ads and of other enterprises are injured
The gold standard. The rising doi-
destroys the earning power of these
ferprises without reducing their lia5il-
es Salaries in business occupations de-
nd upon business conditions, and The
II standard both lessons the amount
q the permanency of such salaries. FL
ucial salaries, except the salaries OF
1<e who hold Office for life, must, in he
l& run, be adjusted to the conditions
hose who pay the taxes. and If the
esent financial policy continues, we
1st expect the contest between the tax
zen and the tax-eater to increase IN
I{erness. The professional classes II
= ms in reoeiva their s1nnort from the