The Cook County herald. [volume] (Grand Marais, Minn.) 1893-1909, 1896-09-26
THE MILK IN THE cocoANUT.
Single Gold Standard Gives England Two
for One nm What We Owe Far 49,

Single Gold Standard Gives England Two
for One on What We Owe Her.
The Professor-Th There has been a ter
rible appreciation Of gold and Of cur
rency, and an oppression Of all who
do not profit by that change.
Charles--Yes. One reason why many
English writer's, while admitting the
evils of the situation, are opposed to a
change, is that this very appreciation
is favorable to England. It is said that
England has outstanding foreign in
vestments to the amount of eight or ten
billions Of dollars. Let us say that we
had to pay her back 500, 100000 year,
beginning with 1870, and continuing to
the present. Debts are paid in produce.
Now, we got that money when wheat
was $1.25 or more, and cotton was Is
cents Or more. It takes twice as much
wheat and cotton to settle that debtnow
as it did in the decade of 1S7O-168O, when
much of it was borrowed. England gets
twice as much stuff now for her money
as it would have purchased when the
money was borrowed by us. If this
nation wants gold, it takes twice as
much cotton and wheat to buy given
amount of it as was necessary some
years back. While a policy that leads
to such a result may be beneficial to
England, it is disastrous to America.
craftsmanship has to deal with such
matters; and a wise, sound statesman
ship scouts the suggestion that we
should embrace such a policy. No man
is worthy of being called an American
statesman who would recommend it.
Craftsmanship consists in broad, great
measures, that rebound to the glory of
ones country and promotes it's wealth,
influence and Importance, and the hap
piness Of it's people. Tried by this test,
the proposition to continue the course
we are now on, instead of being for
the advantage Of our country, is traitor
GUS, and destructive of our highest and
best interests, and the people will say
SO.
The Major-setch, undoubtedly, is the
great question at issue now before the
people. And for these reasons, and be-
cause the double standard is the hon
ester principle, and will tend to arrest
the oppression of the people and to re-
store prosperity and happiness to this
and all other countries, I advocate it.
It is not merely that free coinage will,
in itself, be beneficial, but that it will
remedy existing ills and prevent still
greater evils, that now sit like night
mare brooding over us, that I am so
urgently in favor of it.
John-Would not the, new plan of
''sound money" do as well?
The Major-The plan of "sound
money" as it is called, is only miser-
able makeshift. It does not go to the
root of the matter at all. It leaves the
mass of redemption money just where
it is now-the handful of gold. There
is path that leads to prosperity and
one that leads to ruin. Ichoose the for
mer. These ''new lights urge that the
people shall take the latter. There is
no hope there. 1t offers no escape from
decaying agriculture, decaying bust
ness, deoaying towns and decaying in
dustries. No escape from that delicate
financial structure, that is perpetually
in danger Of falling and whose v;;klra-
tons terrorize trade and business.
All the little objections that are raised
are to be brushed aside, as one making
his escape from a canebrake brushes
aside the gnats ind flies and mosquitoes
that might rester him. He is. intent on
saving bis life and disregards them
St. Louis Republic.