The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-06-19

0ug Of1icers OF the mint ana fixing OF thol
salaries. II hns frequently been amende,
In inany respects, as to duties and salarie
Of officials, alloy In the metals OF the siz
and form OF our copper and niokol tokel
pieces. A telegram announcing tn
amendment Of tho mint bill conveyed nj
information to the people that indicated
that tho mlnts had been closed to silver
its legal tender character taken from 1t, o
any other Information that would indicate
that silyor had been demonetlzod; henc'
the people wero in Ignorance of what hat
boon done by thnt congress, famous In his
tory as the salary grab congress-
Let no man claim that the act was hon
estly and openly passed till he can claim
tho reward offer. II tho typesettors, RS
porters and editors OF the papers did not
know 1t, the voters did not know 1t. THAI
which hus agitated tho world for 20 yenr,
was put on our statute books secretly and
surrcptitiously. Both political parties
have declared over since its discovery for
sllver's restoration, and those whom the
people have elected have boon manipulated
by tho Same power that caused the original
crime.
Tho Decline of Values.
With all tho principles Of bimetallisnl
destroyed, with silver thereafter used as
token, or credit money, like our paper
money, nll resting on gold, silver began to
decline in value as measured I'm gold, the
only primary money, and In 22 years 1t
has declined 80 por cent, or rather gold,
under the demand for 1t, has appreciated.
For 900 years prior to 1873, undor bimet-
nlllsm, thoy had not parted moro than 9
per cent; In 22 years, under monomctal-
lism, the metal In the two dollars had sep
arnted SC per cent.
All property not supported by trusts
or by increased domand, fell with silver
as expressed In dollars. AS measured by
exchangoable value with eaoh other, or
with silver, they had not declined. They
have only declined MS measured In dollars,
and these dollars mean gold dollars or their
equivalent. What is meant by equivalent
Is our other forms OF money--oopper,
nickel, silver and papor-which, by the
new law, are all redeemablo In gold.
When n thing Is rcdeomablo In another
thing the former is made as good as the
latter, 80 long Ms 1t can bo had to redeem
with.
What Is meant by this Ia that gold Is
now our primary money, and oil other
forms Of money arc credit money. Credit
money Is representative money, represent
ing primary money. Our credit money Is
tied to gold like the tail of kite Is tied 10
n kite. Tho tail hns gone up following tho
kite. Gold has gono up and Is our only
primary money, whereas before gold and
silver both were primary money, neither
In tho other. Otbor forms of
money were credit money. BY the change
of the law silver was added to tho credit
money, and tho quantity OF primary money
wns cut In two.
The simple law of bimetallism has been
ovorthrown, and q selfish and powerful
interest has sought since to main
tain tho gold standard. As was to he OK |
peoted, 1t has resulted In grcnt strain on |
gold, the only basis OF our monetary sys-
tenn. AS tho demand for gold increased |
Its vnlue rose rs compared with other prop
,rty. Whilo nOminally fixed by being
,allrd dollar the gold in n dollar was
rising In value. This Is ono Of tho things
i has boon tho hardest for tho people to
AS tho demand is piled ON
gold tho gold In the bullion rises In value
ls compared with other property, and the
gold dollar rises with 1t, and likewise all
ornis OF monoy that aro rclGomnblo In
gold. III wheat grows scarce, or the dc.
nand for 1t increases, 1t rises in value. II
,old grows scarce or the demand for II
increases, 1t rises In value But If tho dc.
nand for gold should increase till 1t, rela.
lively with other property, was ton times
's valuable as 1t is now the quantity of 1t
n dollar would still be worth 81 as OK.
pressed in itself
1t does not rise as compared with itself,
nut rises as compared with other property
'' 'o"'
WIN iaiilng prices 'ho people nave boon
Taxes nave not boon re-
uceu' 1ho inriher must now giVo up
vice us mucn oi "hat no prouuccs TO pay
is taAes US ho sh'o up III 1919. OTicial
Aiarlos nave not Deeh reuuceu. some nave
cen increased itnow taxes ioo o0o Dush'
N Oh wnoat 10 pay tno preslaeht's salary
foo'Vvo where i''ooo bushels woulu
ave paia ms salary OF s@o'o ooo In 1878.
'ihcial i"Norl'iSin anu hogieco Oh the pro
uce1s anu 'oiiers h"'e peguh III tMs
ountry,
WV" -, v'onun nn'' "n" lnnnui"c-
'muin" "a taIi ,'i,h taus ~ "1h thdma5G us c'n
.,,,,ns II, tho I,nJ ,,,,h ,,a,,;o t"i,''',,
80 lei u,, iS
H. -, ,ho ,oY ,,,sh ,bo e,,.,, -, .n
''a.,i,,,' ~ .. ,,s,' .,."
1o s,,nni,c,,y ~ thn r.rnbi,o I,ss W..
~, ,,i,h s,,i,,5ns insanp 'J as,'i ","'ppon 'i +,
,,,,,,ry ,9 and ,niI oony,c,s ,roraas,r ', pVn 4
- a.n';nO 800 oIi,nrnnar,,ona.a ,n .h, "V ~"
49, ,' ,on,,,",ian po.,nna,u w. ,no .t ~
,a Ja,rr pr o,,,I,,p,ioo p ,,,hs. 'no h .SA
- ~ no"a hr,,,,,h, we "n"S ,'S,,, .T 'nos
~ -, 80 g. s. a,,.'" y, ',,,, W.. n on "u, s"s ,
r, rne' '"' s' WI nun "oiu ou'.
lhoy s"y .na' 70 roinohe'i@o sliver VIII
IN soi" ouo " VIZ '1une'y. uoiu 10 @ no' !
uirou,".ion nom' ~ ~ oornurou, Ino 8