Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1896-08-27

ments which yield fxed return IN money
can regard the destruction of silver with
ers Of other forms of property to protest
against giving to money 'disproportionate
property If the relatively few whose
have reht to nse the e ballot to enhanee
the value of their investments. have not
ballot to protect themselves from the dis
aStrous consequences of a rising standard?
the of toii stand IN POSITION
orely different from the position OF those
The wellbeing of the nation, aye of civil
cation itself. depends upon the prosperity
What shall 1t proft us to have a dollar
which grows more valuable every day il
cation and brings distress to the people?
What shall it profit us if in trying to raise
power Of our dollar liar we'd we destroy our ABILITY
to pay the debts already CONTRACTED, by
lowering the purchasing power OF the prod
uctS with which those debts must be paid!
VIII Loan, but Not Borrow.
serted, that the old standard will enable
broa9 borrow 9en,v more }bt mG b restop
ABROAD reply s ation Of bi hnsas
We do not live for rs IT. hatwee1 mon
ourselves alone ey and property, and
our seIf-deniaI and thus permit an era
anxious care of prosperity Whlch
all these are for VIII eIiaDi o,,,a 70
those who to hacoIne Ios ners of
come after money instead Of
much as for our perpetual borrowers
selves. Even II we desire
long can we con-
tinue borrowing under a system which,
by lowering the value of property, weakens
the foundation upon which credit rests?
though they gain advantage from the APP
preciation of the dollar. certainly see the
injustice of the legislation which gives them
this advantage over those whose incomes
II the The o as of of TeS aRa
will not listen to arguments based upon JUS
nee i ana equity aPpeal to them 10 c0nsioer
I'VE do not live for ourselves alone-our
labor, our self-denia1 and our anxious care
ali these are for those who are to come after
US as much as for ourselves. We can not
our lives. Let those who are now. reaping
advantage from a vicious financial system
own Children nas and th the edres cSidren
may, through the operations of this same
system, De maze to pay tribute TO tag 4 ie-
day. As against the maintenance of gold
nations can be united Tor its overthrow, the
chicago platform presents a clear ana en-
ton of tbe free t9 and ih 9nIimited Coinage of
silver and gold at the present legal ratio OF
sent of any other nation We are not ask
ing that a new experiment be tried; we are
ls1stng upon return 70 manga m poa a8g
supported by all the prominent statesmen men
President down to 1873.
When We ask that our mints be opened
to the free and unlimited coinage OF silver
into full legal tender money, We are simply
asking that the same mint privileges pc
gold. When We ask that this coinage be at
the ratio of 16 to l we simply ask that our
which, be it remembered, contains the same
amount of pure silver as the first silver
dollar coined at our minis. retain their pres
1.-The theoretical advantage OF the bimetal-
Writer st on politicai economy. Who suggests
the following Illustrations:
uniform in volume than a river fed from
one source-the reason being that when
bee be low. whereas river which has but
one feeder must rise or TALL with that feed
metallic money receives contributions from
both the gold mines and the silver mines
resting upon the two metals, is less change
able in its purchasing power than the dol
IF there are t two % kinds of money the
option must rest either with the debtor
rights are equal, we must look at the in
teEests Of society in genSrs IN order s,i to de
given. Under the bimetallic system gold
and silver are linked together by law at
owning any quantity of either metal can
der money.
eff the creditor has the right to choose the
metal in which payment shall be made;
require the debtor to pay in the dearer
money if there is s any RereeRtibie di tbs
metals. This new demand created for the
cheaper metal will make that metal cheaper
still tpa d the oheT and ths TO a@o
pose that he i'll pay in the cheaper metal,
if one metal is tbs fhsaper thea
for the cheaper metal will raise its price
m9taf W Vhf its pree In Other words
when the creditor has the option the
debtoF has the option the metals are held
together approximately at the ratio Fixed
si1fficient TO absorb all of both metals pre-
Society is, therefore, interested in having
the option exercised by the debtor. Indeed,
there can be no such thing as real bimetal-
de sH T5e ' Exercise of the option BY the
debtor compels the creditor classes, whether
maintain the parity between gold and silver
at the legal ratio. whereas they might find
premium if they could then demand the
dear metal The right of the debtor to
nnUe extends KITE to obligations due from the
government as well as to contracts between
Simply ah4l debt due from ali the people to one
of the people. and it is impossible to justify
person who holds the obligation superior to
the rights of the many who must be taxed
a premium, it was never contended that
national honor required the payment of
government obligations in silver and the
Matthews resolution, adopted by Congress
in 1873, expressly asserted the right of the
United States to redeem coin obligations in
standard silver dollars as well as in gold
coin. Upon this subject the Chicago plat
form reads: We are opposed to the policy
and practice of surrendering to the holders
of the obligations of the United States the
option reserved by law to the government
of redeeming such obligations in either sill
yer coin gold COIN
-COnfession of Carlisle.
at is constantly assumed by some that
the United States notes, commonly called
greenbacks. and the Treasury notes issued
under the act of
1880 are responsible
The best KNOWN for the recent drain
law of commerce is upon the gold re-
the law of supply serve, but this as
.nd demand sumption is entirely
without foundation.
Secretary Carlisle
appeared before the House committee on
appropriations on January q. 1885, and
quote from the printed report of his teSti-
Inony before the committee:
stMr. Sibley: would like to ask you
(perhaps not entirely connected with the
matter under discussion) what objection
there could be to having the option of re-
deeming either in silver OF gold-with the
Urea sury instead of with the nOta-hOlder'