Crawford avalanche. (Grayling, Mich.) 1879-19??, 1896-09-10
DELUSIVE PRONISES.
Trifihg With the Currency should Noe
r pbs Tolerated w WUfkinIinSh. y ~.

Trifihg With the Currsncy should Noe
+ 20 be Tolerated. w swoskin6l = n.
The silver orator Of the vacSnt lot tells
his audience that free coinage would
make money plenty, that III we hsd more
money prices would rice aRd that II
prices SHOULD rise there .wouldSbe q great
AS to thai, in the first place, free coin
age would hot make money more plenty
for considerable time, The first effect
would be to- drive every dollar of gold
wchave out of use, nd that W 0uid leave
us with about one third less. of what
passes for money than we now have.
All experience, as well as reason, proves
that this would be the firsr effect even
II silver and other currency should fall
no more than ! per cent. below gold. i''oe
But suppose free coinage should give
US more money, how would the man who
works for wages gat any more of IL?
He has no silver bullion costing him 60
cents per ounce to take to the mint and
get made into dollars for his own use at
the rate of $1.30 to the ounce.
The mine owner can rake of that fine
profit of Gil. cents an ounce, but no man
who works for wages can do it. no not
even the man who digs out the ore In
the mine or labors in the smelling works.
Prices would go up. unquesti0nably, If
we had more and cheaper money. If
money gets cheaper people win not give
SO much sugar or cloth or lumber for a
dollar of the money. In other words, it
will take more money to buy the same
quantity of sugar, cloth, etc.
How is the workingman going to get
the increased sums of money that he will
have to pay for his groceries and cloth
ing? He has nothing to sell but his Ia
Dor. He cannot sit down in the evening
and mark up his labor and go out and
sell it for 10, 20, so or 100 per cent.
more the next day.
The chances are that he will get no
more for his labor until long after he
has been paying more for most of the
things he has to buy, and then only af-
ter he has been subjected to the further
loss and the wearing irritation of a
strike.
While the mine owners and others on
the ground floor of this silver deal are
raking in their nice advance of 85 to 80
per cent. on bullion the man who works
for wages will have hard scratching to
get enough more to cover half his loss
from the rise in prices.
But" says the silver orator, when
prices begin to boom everybody will pro-
duce more so as to make money on the
rise: wOrkmen must be hired to do the
producing, and wages must go up"
The most thorough and careful statis-
teal Investigations prove that whenever
prices have gone up under the process of
making money cheap they have always
gone up more than wages. History also
proves that whenever production has
been stimulated by the imitation of prices
it has invariably been overdonc. Collapse
has always followed, usually attended
by panic, and multitudes have suddenly
been thrown out of employment-to stay
out until at a snairs pace consumption
has oyertaken production pnce more.
These spasm of production with in
tervhls of stagnation are about the worst
thing possible for labor. The best thing
is the utmost steadiness compatible. with
industrial progress, and that is attain
able only under a stable monetary
standard and system.
Trifling with the standard is something
that no workingman should counte-
nance for n moment. The toilers of
England learned that long ago, and to-
day they warn their American brethren
against the seductive wiles of the sill
verites who seek to degrade the stand
ard.-Chicago Chronicle. 1so.....