The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-07-23

paign Of two years ago, no other ratio
than 16 to 1 should be thought of, for
that would establish a precedent of re-
coming our whole stock every time the
manipElators of markets could estab-
\ liSh commodity ratio different from
| the coinage ratio.
MORE MONEY NEEDED.
Those of us who believe that the Re
publican party has been right, also still
| believe that this country needs more
money with which to transact its law
| full business. Value Is the relation be
tween demand and supply, and price
| is an expression OF value in money.
| This law of value effects money as well
as everything else. The demand for
money is the sum OF commodities ready
to be exchanged for II AS such COM
modities increase the demand for
| money increases, and as the demand
| increases the value of money Increases
and the price OF commodities decreases.
| And now we have seven cent oats and
! fifteen cent corn. The increase in the
products OF the country increases the
demand for money. Yet with the in
creased demand for money, there is less
| money per capita IN existence in this
country than at any time since 1883. and
less money per capita IN circulation
| than at any time since 1850. The treas
urer's report Of July /, 1884. shows total
| moneyS3l.05; July 1. 1896, total money
$30.1i: July /, 1881. circulation $21.71;
July l, 1886. circulation 81. Is. Again
the per capita circulation July /. 1892.
was s24.44. II the same ratio Of circuIa-
| ton had been maintained as In 1892.
We would have s234, 000, 900 more IN cir
Te-1@ 20. In
crease the circulation 20 correspond to
1882, would tend 20 increase The price OF
products and depreciate the value CT
money, and this Is just what the Re-
publican party has pledged itself not TO
do, except with the consent OF other
nations. Who Is the honest man, he
who demands nat the supply OF money
shall appreciate IN value from year 70
year at the expense OF the producers2
And Is there any sufficient source OF
supply Of money except by restoring
silver 10 it's ancient honor2 We. IN har-
mony with the former doctrine OF the
Republican party believe not.
WHAT GOLD STANDARD MEANS.
The history Of the past few years
demonstrates that there are but two
ways IN which We can continue the
present gold standard. one $ to con-
time borrowing gold, the other l. 20
cancel the gresnbscks and the Sherman
notes OF 1890. The first means bank
ruptcy. FOR there must be an end 10
borrowing: the other means the destrz,c-
ton Of one-folIrsh OF the money Of ne
country. Under the regulations estzb-
Eshed by the last administration. the
above named currency can Re and has
besz1 used % exhaust the gold IN the
t-ezsu-y, tne1 the government; issues
bosds 70 buy more gold This process
can be repeated without end II viii %,
90 20 lay ali re blame OF the present
administrator, for. with q high pro
oecttve tariff. the 3ast administrator
prepared the pSates for 4 bad iss1s r.
ailzsnS r1ar = could only s11z4l;asn god
payments ~ buying gnsd- We Eoai1
STRIP tass p-ocsSs BY bringing over sllytr
70 the ali Of gold
THE NATIONAL DEBT
Bat !; IS GAINED WITH E-~z: earnest
Des< that me free coizzgs Of silver. and
ssfng silver a. ssanda-t z.casy. -7es1s
reps 1iS-icu- !; 3 familiar k7oxleSe-
that the izv &C Lae Lard = Z par; o
every coatTzct- Investors scrur1clz@
lCor,czed On S-Tectc psxel l