Griggs courier. (Cooperstown, Griggs Co., Dak. [N.D.]) 1885-1902, 1896-09-11
There is Rest For the Weary.
Continued from last week.,

Continued from last weekly
II. tells us that the silver barons
will be the ones benefited by free coin
age in the way that it will almost
double their wealth. If as the repub-
licans say that the gold dollar will
have the purchasing power it now has
while the silver will have only half
the purchasing power, do not see
wherein the silver barons are benefited.
The fact is that the silver king can
buy just as much wheat or cotton or
wool for an ounce of silver now as in
1870; and he will not be able to buy
much more if it is remonetized; and
the gold will come down to have the
same purchasing power as silver.
You will thus get less products for
the gold, and it will take less of the
commodities to buy dollar. That
way we will have a larger number of
units by which to measure the value
of our property and there will be
more money in circulation and money
will be cheaper Or in other words
commodities will be higher and that
will stimulate Enterprises of various
kinds and the country benefited by it.
1 cannot see as long as we are not
owners of great quantities of gold Or
have fixed salaries for life time, that
we as laborers or producers can be
benefited as John Sherman says in his
speech in Columbus, Ohio, Aug. 10Th,
this year by the dollar that buys the
most commodities, and he fails there
to prove wherein. Then Mr.. II. refers
us to Schoonmaker's stories through
which he surrenders himself entirely.
He says: ''The west is dependent
upon the east for money now more
than ever" This fact we know too
we'll. 1t is this dependency we wantto
get over. The west does not have to
depend on the east, but the east has to
depend on the south and westfor their
supply. We want to restore silver to
the position as money that it had for
centuries before it was demonetized
and thereby draw the money center
further west and not be compelled to
dance at every melody Wall street
plays. We want to rise like men of
yore and shake off this bondage. We
want to cease coaxing and begging
the capitalists for mercy, because the
more you pet cat the higher it will
raise it's tail. 1t is no surprise to me
to see the money men do all that money
can accomplish to disgust the poor
people by threats and Withdrawals of
their money and forced collection.
But this will come later with doubled
strength if you now to avoid this pinch
to please them. Fl. tells us further
machinery enables man to quadruple
his crop and hence the low prices. His
story shows that more inventions in
machinery by which to facilitate work
was brought forth before 1870 than af-
ter and yet prices were rather going
up till then. For instance the cotton
machinery was all invented before the
war, only a few improvements are
made since. Yet cotton is only half
the price now as then and with more
people who cannot get as much as
they would want, or greater demand
in one sense. For each new country
added to us on gold standard or in
the scramble for gold, prices of COM
modify will have a marked tumble.
Just you watch! 1t is often said that
it is the over production of silver
which causes its decline, but statistics
show that in 100 there was in the
world produced "a tons of silver to
ton of gold, and in 1880 to 1890 only
eighteen tons of silver to each one of
gold. This shows that silver has de-
creased in production in comparison
with gold. The commercial ratio of
gold and silver varied between Is and
16 to one all the time before it was de-
monetized in 1873. In 1884 the ratio
was changed so that the gold dollar
was made a little lighter because gold
was more scarce than now. But why
was the change made in the gold and
not in the silver? What a foolish
thing it would be to establish the ratio
now at 30 to 1 between the metals when
we all know that at the time silver
was demonetized the ratio was 16 to ]
and even at that rate silver was worth
1O3c in spite of the leading commercial
nations of Europe having demonetized
it long ago. II. winds up his article
by saying the United States are in
good financial order they only owe 81
for each $50 of assets. The official re-
port which have before me shows the
national debt in 1890 at 1891. .96O. IO4.
The national, municipal, state, county,
corporate and private debt is now es-
tirnate1 to $40 OOO million Interest