The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-08-21

-Alil.AAA1A giving % EIltrEM q
ana unfair advantage over other specie Of
property. If the relatively few whose
wealth consists largely In fixed Investments
nave right 10 use the ballot TO enhance
the value Of their investments. nave not
the rest OF the people the right TO use the
ballot to project themselves from the dis
astrous consequences OF z rising standards
The people who must purchase money with
the products Of toll stand IN a position en-
uEely different from the position Of those
The WellDesng of the nation. aye, Of civil
Of the masses
What snail il profit Us to have a dollar
which grows more valuable every DAY il
such a dollar lowers the standard Of ciVili-
cation and brings distress TO the peOplet
What shall 1t profit US If in trying TO raise
our credit by increasing the purchasing
power Of our dollar we destroy our ability
to pay the debts already contracted, by
lowering the purchasing power OF the prod
ucts with which those debts must be paid?
VIII Loan, bat Not borrow.
eff it is asserted, as II constantly is as
serted, that the old standard viii enable
US to borrow more Hl0ney from
abroad, reply that the restOT-
alton of bimetal-
=t,,e ism viii restore the
20 NO Az e A'F parity between mon
"AFseAfS9 H4oAe- ey and property, ana
eur aelf-deRisI and thus permit an era
our anxious care OF prosperity which
all these are for viii enable l4 ne
those who are 10 $500 Ioe1sTs IF
come after us as money instead Of
much as for our perpetual borrowers.
selves. Even if we desire
TO borrow, how
long can We con-
tinue borrowing under a system which,
by lowering the value of property. Weakens
the foundation upon which credit FestsE
Even the holders OF fixed investments,
though they gain advantage from the ap-
probation OF the dollar, certainly see the
injustice OF the legislation which gives them
this advantage over those whose incomes
depend upon the value OF property and pro-
ducts. If the holders Of fixed investments
viii not listen 10 arguments based upon JUS
tlce and equity, l appeal to them TO consider
the interests Of pOSteTlty.
We DO not live for ourselves alOne-OuT
labor, Our self-denial and our anxious care
all these are for those who are to come after
US as much as for ourselves. We can not
protect our children beyond the period OF
our lives. Let those who are now reaplng
advantage from a vicious financial system
remember that in the years TO come their
own children and their childTen's children
may, through the operations Of this same
system, be made to pay tribute to the de-
scendants OF those who are WroRged To-
day. AS against the maintenance OF gOld
standard, either permanently OF until OIner
nations can be united for its overthrow, the
Chicago platform presents a clear and en-
phatic demand for the immediate Testora-
ton Of the free and unlimited coinage OF
silver and gold at the present legal ratio or
10 to l, without waiting Tor the aid or con-
sent OF any other nation, We are not ask
insis4i, I1 5fII. 80 fn9ncisI noIicv
sTnTOIs5 ~ +i oIa+is - Of bisfory and
sII11norfed I I'll AZ rrnroirent stefSsn1en
~ - -. ~ - ~ d1 IF tbe firsf
s 5 I'm Io7 inc 0aSS VI '-0
ssVIbe1 nc 81 ~ o,,r minis ba oDened
IN he free and pnIi1SifeJ cHinage Of Silver
into f7ii Loci tsn I1ILJ are sinnlv
asi-i1e tEsf tbe sana min nriviIages be
accorded 10 sfIIIer tbaf ore now accorded TO
g0ld. When we ask tbat fhis coinage be at
The ratio of 16 tn we simDIv ask that our
gold coins and fba sfa1daTd silver dollars,
which he fl remembered contains the same
ar1ou1t Of 11rs silIIaT as the first silver
dollar coina, 1i an III. I'm their pres
ant T-eicbt f-.-
sirTbo fbco, 5...----, 81 tl,a biroatsI-
liz system j. 49, -f5--.i -, an FurODesn
writer an r.-Its.cf r.--.,..5 no suggests
Inc folloTrir~ i-i ,--r l--5
-, a 1ivsr $50 7,as is uaore
,,niforr1 in l- 49, ..,-.r fed from
- - - +b.+ v-ben
~ ~ F,7 atI,a,. M an
~ In 75be--gt - bes I'M
~, go ~ 49, ,4 81, +bst fee5
@ g. d - a1iisTS In
S,,steiIso mem So ,-.. i1ti5Te from
t1ltI ~ e.oI1 r1-- rs w. mines
eEd t1Href6Te yarf.- 5z- --a ne dollar
7-ssffr, = s7.,5l5, d. -,. b. ess change,
- st an r. al
- 49, - ~ ~ - ~
s,TF ff1rz 81 ~ money the
o,,+idv, '1--,,7st Trt +f- fie-' SsrfoS
oB1- Ostt- - -,;- t--...-, = tf7st tbei7
~ u 80 - ellO $50 az tbe in
t t5lf az -Cd; ,r5ar To d.
fSei-, = - F5s sbo11Id be
s- --iiio 49,. a, = -, -. III. s,.staT9 oyoIf
Swell nue. sliS 9iI tt ~ ~ a.
anu 5AANEA dlE lAnhCu EUGEAAlCA ~ Jaw a. @
HAeq IatIO, anu aHy psI!s3 gn "a ri So, 80
JHLiIli7 aIy 4ue.l-.LLy u 80 an IeaI IN.
iaFS Cl'S saiie Jul I11 Al ~ 1''A -091'' ~
uet money
IF the creditor has the right to choose me
metal IN which payment shau De mace
/ it is reasonable TO suppose that ne VII
require the DEBTOR TO pay III me QeaI q
money II mere is any PefcFptpIe u-ISt
ence between the DullOn Nalues Oh Il'
metals. rms new deInanq cIedteu LOT tn'
dearer metal Will make that metal deafel
still, While the decreased CenahG lot th'
/ cheaper metal VIII MAKE tnat metal cheaper
suH. II, on tne Olnet manu-, ne ueDtO
| exercised the option IL is reasonable 10 sup
I pose that he VIII pay IN the cheaper metal
if one metal is percepCbly cheaper ina!
the other Dut the demand mus created
for the cheaper metal Will Ialse us price
while the lesSened demand Tor lne ueaIe
metal will lower us price IN olner WORDS
When the eIedllOI mas tne OPLon N
metals are uId"u apdI.t whereas WueA "a!
debtor mas me gpuOL me IuStdI9 aLe llell
| together approximately at the fauO INel
by law provided the demand cfeaLe1
suincient 10 ABSORB al OF DOlh metdIs pre-
se.nlIeI az ILe HI,ef,., itoro+7 q, to,,irr
the ODtion exercised by the debtor. Indeed
there can be no such thing as real binetal-
ism unless the option is exercised by the
dabtoT The exercise of the optfon by the
debtor compels the creditor classes, whether
domestic or foreign, to exert themselves to
maintain The parity between gold and silver
at the legal ratio, whereas they might FIND
a profit in driving one Of the metals to a
premium if they could then demand the
dear metal The right Of the debtor tC
choose the coin in which payment shall be
made extends to obligations due from the
government as we'll as to contracts between
individuals. A government obligation is
simply a debt due from all the people to one
of the people, ana II is impossible TO justify
a policy whlch, makes me interests OF one
person who holds me the oongatlon superior y
the rights OF me many WH no., must De axe
TO pay ". wen, pIlot 70 1913, sllveI was al
a premium II Wa ,,, never ,cohIe11eo Una.
naIlonaI nonG E1i.r ia 'us pay Ie 5 + ~