The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1896-09-12

the few and impOverlsh the many: he can
exalt those who create wealth or he can
enslave them at his Will.
Controlled Money for Aues.
For thousands of years those who
have understood the science and function
OF money have so manipulated the vol
ume of 1t, by legislation or otherwise as
u destroy every civilization that has pre-
ceded the present one and those persons
who now control by law or otherwise the
value of money in circulation in the world
will. If not restrained by healthful and
proper laws. ruin the present civilization.
Such persons have no regard whatever for
those who create and distribute wealth,
who build up nations and who protect
them in the hour of need. Their sole pur-
pose is to accumulate as much wealth as
possible, and thereby exalt themselves at
the expense of the producing millions.
1t Is they who secured the legislation
in this country relating 10 money and
bonds that has produced the condition OF
the people at the present time. II is be-
cause people generally have no accurate
conception of the science and function of
money that has enabled those who under
stood the question to secure legislation in
this country, which enormously decreased
the money in circulation and produced a
corresponding fall in prices in general
II was they who secured the passage Of
the law OF Feb u, 1873, which destroyed
the use of silver for money in this coun-
try. By that law one of the sources Of
money supply was cut off, and as a result
the Value-the purchasing poWer-of the
money that has come from the other
source of money supply, the gold mines,
has doubled and prices have fallen ac-
cordingly. Those who secured the pass
age of that law were they who were large
owners of money and national bonds.
BY that act the value of their money was
doubled and the value of their bonds was
greatly increased.
THE acts Of congress that have been
passed since 1866 relating to money and
bonds, with two exceptions-the act of
1878 and the act of 1S90-are among the
most infamous acts Of legislation that
have been enacted by any government in
modern times. Since the passage of those
laws the shrinkage in the quantity Of
money in circulation, with respect to pop
ulation, has gone on without let or hind
rance, and as a result there has been q
continuous fall in prices in general,
which has bankrupted and pauperized
untold numbers of our people, and has
paralyzed and to a large degree has de-
stroyed the farming and other industries
Of the country.
Result of Financial storms.
THE financial storm which came by
those acts has continued with ever-in-
creasing fury for the past % years. and
the sea of commerce and trade in this
country has been strewn with innumera-
bic financial wrecks of every character
and kind. The country during those years
has been, and is now, afflicted with finan-
clal paralysis, and unless relief is fur
nished soon there Is no telling what the
consequences may be. These conditions
of things are the result, and the result
only, of the adoption by this country OF
the British gold standard.
THE adoption of that standard means
European conditions and prices. 1t means
more than European conditions and prices
it means ultimately Egyptian conditions
and prices. The republican party pro-
poses to maintain the present gold stand
ard and Therefore Is in favor of present
conditions, and 1t will not consent to a
change until other nations can be induced
into assisting in making change. When
other nations consent to help us in that
behalf there will be no need of help, be-
cause we will cease to exist as a nation
unless we assert our independence as ii
is now proposed to do.
at is in favor of a const ant shrinkage
in the quantity of money in circulation,
and therefore it is in favor of lower prices
and proposes, If it succeeds to power. to
further press prices down unless they can
| be raised by increasing taxes. 1t proposes
| to manufacture no more money for the
/
of gold. How is 1t possible for nation
or an individual to become prosperous
| by continually increasing the amount Of
taxes that are to be paid is a matter
| that is beyond the comprehension of the
ordinary mind. and yet this Is the very
thing that the republican party proposes
| to do If placed in power again. There
fore, If taxes can be paid. money must
first be manufactured and delivered to
| the people.
IN ney does not grow-it is manufac-
| tured, and congress alone in this country
has power to make It. 1t is affirmed by
| those who are in favor of the gold stand
ard that all that is necessary to be done
to make the people prosperous is to
open the mills and set the men to work
1t may as well be understood first as
| last that the mills Of the country will
never be opened more than they are al
! present until the mills of this country
| ow ned by the government in which money
is manufactured are first opened to the
free coinage Of units of money out OF
| gold and silver at the rate established
by the law of 1887, and until they are
opened there can be no prosperity, in
dividual or national. in this country
Run the Mint Viii First.
AS well attempt to run an engine with
| out oil as to do business without money
The minis wherein money IS made arr
! the most important mills TO be kept run
ming in this country and no man need b,
alarmed lest there be more made than the
people of this country need in the con
duct of their business. Those minis To-
the past % years have been PRACTICAL,
closed except to those who owned anC
controlled the gold mines of the world
The battle in this campaign is for tn
purpose Of securing legislation which will
open those mills, and if we do not succee,
the fight will continue until we do sue
ceed
1T is said that what the people wan
is employment, and If they had employ