Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1896-08-14

CdHo Cotdll4Cou Oy Ir6eZlQR u 8OlO, IL
could be easily done. Hot Springs
Herald.
The Herald certainly has a serene
confidence in the stupidity of it's read
ers, as this parenthetical "(goldbug)"
proves. This sounds so like agoldbug:
ut is the earnest conviction of every
goldbug that all that is necessary for
any nation to do to secure exclusive
control of the best markets of the
world, is the adoption of an unfit cur
rency."
Why did the Herald need to go to a
British goldbugto discover this? Isn't
it American and original and indie
pendent enough to make these simple
discoveries without the generous help
of British goldbugs?
To think of a demolist making an
acknowledgment like that!
This quoted matter really does fur
nish the very newest kind of financial
news Every one should have it pasted
in his hatas the fitting climax of demo-
list absurdity.
How does it happen that these Brit
ish goldbugs, who see this wonderful
advantage of a silver standard such as
the barbarians have, are so backward
to take advantage of it? Are they,
really. so anxious to enrich the United
States at their expense?
We should almost have doubted it
except for the Herald. Now all doubt
is at an end. Long live the British
goldbugs! X
SINGLE OR DOUBLE STANDARD, WHICH?
Without the least knowledge of the
coinage laws or the history of money,
and without reading line of cur
rent history or discussion, any person
of the least intelligence can see at
once that two standard measures of
cloth or grain OIL any thing must, of
necessity, be confusingand impractical
and, therefore, foolish.
1t is a part of the same proposition
that two standard measures of value
are equally confusing, impractical and
foolish.
"A double standard measure of M
kind is simply two head cooks in one
kitchen,-the broth is certain to be
spoiled while the cooks quarrel over
the pot.
If we eve get bright enough to rec
ognize this simplest of all propositions,
we shall be able to a v ourselves a
vastamount of trouble such as we have
had since our return to the double
standard in '7S.
There was no earthly excuse for that
reactionary measure, which a congress
as foolish as our present congress
passed, and a president (Hayes) as wise
and courageous as Pres. Cleveland,
vetoed, except our supposed obliga-
ton to a small special class of western
producers, the silver miners, who, hav-
ing found rich deposits of silver, we're
anxious to keep up the price.
Now, while we claim to be on the
double standard and our silver money
is full legal tender, we are really on
the single standard; a fact which the
republican platform recognizes in it's
allusion to ''the present gold Standard -
So, too, is France and nearly every
other civilized nation and, indeed,
every nationthat uses both metals.
Even in silver standard countries,
the value of their money is measured
by gold, which is the measure of its
bullion value in the commercial mar
kets of the world.
This definitely proves the practical
impossibility of two standards in har.
monious union.
Against this insurmountable claim
for a single standard, the double stan.
dard advocates present no counter
claim except the statement that there
isn't gold enough in the world for q
single standard.
In reply to this, a large and lumin.
Gus object lesson has just been given
us in the Russian loan of s2OO,OOO,OOC
on 3 per cent gold bonds, which the
European money loaners have taken
twenty-five times over; that is, Russia
whose credit is certainly no better
than ours except that she has sense
enough to issue q gold bond, asks fol
. loan Of sooo,ooo,ooo in gold and is
offered five billion dollars.
In view of the largely gold
production, does this look like scarcity
of gold? Is this whatthe free-silverites
call "cornering gold?" x