The Meeker herald., 1896-06-27
Doctors Differ,

!
Some time ago the Cincinnati En-
quirer, the great eastern champion of
the white metal, had the following
timely article on prevailing conditions
1t is conceded by all writer's on politi-
cal economy that diminution in the
quantity Of metallic money causes an
appreciation of the remainder and pro-
duces fall in the price Of all commodi-
ties. This being true, it follows that an
| increase in the volume of legal tender,
whether it be metallic or paper clothed
| by the government with legal tender
| functions, causes an appreciation or ad-
vance in the wages of labor and an in
creased price of all the products OF la
bor. These propositions being estab-
| lished, there are corallories or deduc-
tions which must necessarily follow:
ALI those who are dependent upon
their labor for their bread and other
necessaries of life are interested in a
full and increasing volume of money.
2-Those who have fixed incomes from
notes, mortgages, bonds, official salaries,
pensions and the like are benefited by
small and diminishing volume of money.
3-Those who are prating about de-
preciated currency and clamoring for
"honest money" are anxious to disfran-
chise as far as possible the standard
money of the realm.
4-The assaults upon silver are made
by the creditor class with the single
purpose of appreciating the value of
their income. They receive the same
number of dollars, but the dollars have
a larger purchasing power by reason of
their scarcity.
-s--Tba ianas1 .lai. Il. .ti.n THAT -
most equable and uniform and that
maintains itself relatively to all COM
modities most closely. If the silver dol
lar as this measuring unit will buy one
hundred cents worth of labor or food,
or clothing, and gold as the measuring
unit will buy one hundred and forty
cents worth of labor or its products,
then the silver is the honest dollar. 1t
is the coinage or money value and not
the commodity value of either gold or
silver which concerns the masses of the
people.
The New York Tribune says it is
plain enough that the new tariff bill las
knocked off twenty per cent of the
wages of the workingman and reduced
the price of the product of industry.
that farm products are at the lowest
price ever known. 1t may be plain
enough to our contemporary that the
reduction in the wage scale and the low
prices the products of the farm and fac
tory have been brought about by the
new tariff law, but some who have
studied the situation attribute the un-
satisfactory condition to other causes
than reduction of duties on imported
goods.
| There certainly has been no excessive
importation of food products to hiring
our farm products into competition with
| foreign pauper labor. Our imports
last year fell off 500 600, 600. The Trib-
une and other great metropolitan jour
nails have been laboring increasingly to
show that the calamities which have be-
fallen the farmer, the manufacturer and
the wage Garner have been produced by
an inflated and depraved circulating
medium. They have been compelled to
receive sixty-cent dollars for their pro-
ducts Political doctors differ in their
diagnosis and in the remedies for the
financial grip which prevails so univer-
sally. We advise everyone afflicted to
study his case. 1t is noticeable that the
honest money fellows escape this grip
miraculously.
| ->~s-
| Mckinley was nominated on The an
niversary of the battle of Waterloo, and
already a large number of papers
throughout the country are referring to
the coincidence as peculiarly unfortun-
ate for the later day Napoleon.
All the London papers are pleased
with McKiniey's nomination and the
gold platform.