The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-09-18

the bauks OF the United Staes subject check $lSOO
100000 This IL suIDly Of money necessary for the
ira nsacton Of business II indicates what normal
supply OF money Is for this country. That IA $sS0
banks subject to the check OF the people
ON which they doing business This 10 wnat tue
reports OF the banks show How 10 made uPf We have
all told country about 81 81 all forms
OF money And yet, with only $.0oOOO0Ooo OF monsy
Of all kinds Ia this country We Ind that there $se
OOO.oOO being used by the people How DO they get "'
In this way: -
A. deposits In bank. say. $4,000 B. borrows the 49,
from the bank but does not take the money II
placed his credit Now the $4,000 has swollen 10
$4,000 deposit The $4,000 II still In the bank
c. comes In and borrows It, and places II to his credit
Now there Is $4,000 deposit Interest IL being PAID
$4,000 Of IT, has $4,000 to his credit the capita
In his business. which he Is paying no Interest D.
and $4,000 their credit capital In their
business. and they are both paying interest
This Is how lind there Is 81 100000 on deposit
with only S1DOOOOOOO in the country. 1t shows that
business demands $4.SOO00OO0O 1t shows that busi-
borrowing $330OOOO0O0 Of It, II II did not need
Il Il would borrow II and pay interest The lesson to
be learned from this Is:
That the country needs 600 900 to meet the
NAL demand for money 1t needs II Just az 1t needs
normal supply of wheat anything else. II you want
conhrm this take the loans shown BY the Treasurer
report at 81 9S79405. With only $10O0OO0OOO In the
government, they are loanng three times that sum-
This money furnished how? The banks furnish II with
credit system by which dollar Is made to crcu-
late In place of three that needed, and the banks
collect interest Of the dollars For each dollar
In existence paying the banks Interest on two
dollars This Is the the banks work the actual vol
ume Of money in existence up to the normal volume.
With 81 COOOOOOO0 in existence the people are using
and paying interest more than So 3OO0OOOOO addi-
tional This interest varies from to II per cent At
per cent 1t Is tax OF $l9SOO0OOO annually to support
THIS system supplying the shortage In our money vol
ume. (ApplauseD
The banks are interested in holding down the volume
| of money. and supplying the remainder needed with
their system (Applause( They take the quantity OF
money In existence and stretch like piece OF rubber
And they sometimes let loose Of their end u.aughter)
When avarcious they sometimes stretch 1t too far
break themselves. but rule II Is the people that
get hurt and the bankers benefited. &c. II we
flooded with all the silver In the world available for
use as money would have to exceed a normal sup
ply OF money. (Applause) The world has been under
| the control Of the money dealers. The people have
been made suffer account thereof We have never
had normal supply OF meney and have had to tax our
selves a people the money dealers to conduct the
business OF the nation Should the world ever be einan
cipaed and unsesh and intelligent civilization be
In OF the people then living will wonder at the
existence OF such period that in which We live and
will recite with wonder to their children the statement
that there when all the business Of theNworld
| was conducted financial system based on twenty
| two feet OF gold. N.ong continued appauseJ
| SAY SILvERS VICTORY WILL PRODUCE PANIC
They say the election Of free coinage President and
Congress will produce panic.
The answer is this: AS soon is known that
coinage President and Congress is elected silver will
begin TO advance slvcrs advance the decline OF
gold. As everything fell with silver, will products
advance with silver Gold will be the only thing that Is
falling and falling gold the depreciation Of It and
its equivalent. Money will be declining In value. and
| property will be rising In value Declining money VIII
seek investment In those things that are rising 1t Is
ting money that Is boarded; depreciaing money
seeks Investment in the rising markets Money will so
actively into circulation Gold will not be boarded
Is now, but will seek investment In those things that
| are rising. Applause)
| Put silver in competition with gold again as money
you take the enhanced value out of gold The know
edge that is coming into competition with gold Will
start the decline OF gold. (ApplauseD When 1t Is known
that crop of money coming to compete with gold
in the demand for money Colds decline will have begun
Appause) The wheat in existence, In the cleva-
and ganaries begins to decline when 1t Is known
that large crop Of wheat Is coming to be In c"mpe-
titon with It, Appause This Is true before the new
crop Is harvested. And when 1t Is known that new
Is coming to compete with the old CROP the
old crop will decline value (Appause) As as IL
is known coinage President and Congress
elected will have passed the rubicon and the bcgin-
ming of prosperity will have come. Applause) Unless
despotsm undertakes override the will OF the people
They say our security holders will throw securities
on the market In rush for gold and that these secr
ties will fall in value and panic In stocks and bonds
will be produced thereby 1t will be their loss and not
ours II foolish enough to sell US our securities
at fearful sacrifice they predict Will be our gain
and their loss Appausel We will be the gamers and
they will be the They will not do It, It Is Io
natural that they should 1t would be mad panic Of
their making (AppauseD Rising prosperity III the
United States would strengthen those securities and moi
GOLD CONTRACTS.
They say gold would 60 to premium and those who
owe debts payable in gold would be unable to get II with
which to pay debts The answer Is: When silver Is
competition with gold and taking Its place as money
gold will cheaper than It is Applause) We will
buy gold exchange for products when the dc
h mand il less gold, than now. Appause) Tc
satisfy the skeptcal will illustrate It this way
i Suppose for time while these gold debts are being
paid that gold Is at premium Of 10 per cent. sill
You would exchange your wheat for instance fol
81 In silver and with the silver buy 90 In gold
whereas you receive only 80 cents in gold BY put
ting silver In competition with gold money, for al
purposes except the payment Of gold debts the value
out Of gold and you buy % cents worth of gold
for a bushel Of wheat whereas, you get only *
cents in gold for the bushei OF wheat. applause.
The free coinage Of silver means that those VINO
o gold debts will the easily pay their debt with gold
IS (Applause)
I They say that creditors will their debtors In
scramble for gold Well that Is what they dona
l. now. Bankruptcies hardly more rapidly thar
they occurring When It Is known that relic! I!