Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1896-08-22

the minis to its unrestricted cono..
leaving the purchasing power 90 81
dollar to be determined by the p,u Ns
of dollars.
Better than MOnOmetaIIism
"Btmetallism is better than monon,.
alllsm, not because it gives us no..s''
dollar-because that is a dollar ahsoi,..Nr
unvarying in it's general purchases.
power-but because it makes a nearar ar
proach to stability, TO honesty, to MS
tice, than a gold standard possibly o.
Prior to 1873, when there were enonyb
open minis to permit all the gold ma
silver available to find entrance into w
worlds volume of standard money W.
United States might have maintained
gold standard with less injury to tha noo
pie of this country; but now, when coz.
step toward a universal gold standard ~
hances the purchasing power of gold do.
presses prices, and transfers to the 7ook
cts of the creditor class an unearned In
crement, the influence Of this great no.
I ton must not be thrown upon the sdo
of gold unless we are prepared to aecsn,
the natural and legitimate consequences
of such an act.
Amy legislation which lessons the
worlds stock of standard money tn
creases the exchangable value of the dol
lar. Therefore the crusade against silver
must inevitably raise the purchasing
power of money and lower the money
value of all other forms of property
Decentralization n Mistake.
Our opponents sometimes admit that
it was a mistake TO demonetize silver
but insist that we should submit to The
present conditions rather than return 10
bimetallsm. They err in supposing That
we have reached the enu OF the evil re-
suits of the gold standard; we have rot
reached the end. The injury is a con-
tnuing one, and no person can say how
the world is to suffer from the attempt
to make gold the only standard money.
The same influences which are now oper-
ating to destroy silver in he United
States will, If successful, be turned
against other silver using countries, and
each new convert to the gold STANDARD
will add to the general distress. So long
as the scramble for gol0 continues prices
must fall, and a general fall in prices Ia
but another definition OF hard times. our
opponents, while claiming entire disinter-
estedness for themselves, have appealed
to the selfshness Of nearly every class Oh
society, recognizing the disposition OF the
individual to consider the effect of any
proposed legislation upon himself.
I'VE present to the American people
the financial policy outlined IN the Chi
cago platform, believing that it will re-
tn Ia
number. The farmers are opposed to tAe
gold standard because they have felt Hs
effect. Since they sell at wholesale sHu
buy at retail, they have lost more Inah
they have gained by the falling prl99S'
and besides this they have found t'a'
certain fixed charges have not fallen d.
all Taxes have not percepuoiy ue-
creased, although it requires more !1'"
produce now than formerly to secure ahS
money with which to pay taxes. Deus
have not fallen. The farmer VINO owen
$1,000 is still compelled to pay SlV00' d.
though 1t may be twice as difncult o.
formerly TO obtain the dollars with "o'oN
to pay the debt Railroad rates 1aF0
not been reduced to keep pace with 'ne
falling prices, and besides these l.eni'
there are many more. The farmer mes
thus found complaint against the soiN
standard
Wage Farmers Injured
Wage earners have ben injured W
gold standard and have expressed the'i'-
selves upon the subject with great en'-
phasis. In January, 1895, petition aSA
ing for the immediate return OF the t''o
and unlimited coinage of gold ana SH''
at 16 to l was signed by representatives, "
all or nearly all the leading laboc oFS~"
izations and presented to congress- a.,
wage earners know that while the sO.~
standard increases the purchasing po"s
of the dollar, it also makes it more uiil
cult to obtain possession OF a dollar INV