Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1896-09-10


American money. We tell you that
we believe that the free coinage OF
silver will create q demand for silver
which will make that Mexican dollar
worth more than 100 cents at the
mints of the United States and
throughout the world. You ask how
il can be donei 1t can be done by
applying to silver the same law that
you apply to wheat and corn and oats.
Ii any person In your community
would stand ready to take all the
wheat brought to his Office at 81 a
bushel, nobody in this community
would sell his wheat for less than 81
bushel.
Our opponents say that il we main
tain the parity and by free and un-
limited coinage make silver dollar
worth as much as a gold dollar, then
it will be as hard to get a silver dol
lar as 1t is now to get gold dollar.
My friends, again they ignore the
law Of supply and demand. 1t we
restore silver to its place by the side
Of sold, 80 that any person who needs
money with which to pay taxes or to
pay a debt or buy anything that he
likes can use silver instead Of gold,
we take the strain of Of gold, and the
gold holders who today, because Of
the demand created for gold by legis-
lation, can charge more for il than
they could If silver were a competitor
in the market.
It is not strange that a person who
ignores the law Of supply and demand
is not able to understand the details
Of the money question. A man who
would watch 8 boy throw a stone into
the air and wonder why that stone
falls to the ground is ignorant of the
law Of gravitation, and you could
hardly respect the intelligence Of the
man who did not understand the law
Of gravitation. But, my friends, what
shall you think Of the tinanciers who
do not seem to Understandable least
they will not admit to the public that
they understand-thst the increase in
the volume of the worlds metallic
money will affect the purchasing
power Of each dollar of that money.
We complain of the gold standard
because an increased demand for gold
has raised the price Of gold and low
cred the price Of all those things
which exchange for money. And If
that be true, then a restoration of sill
YER to ITS place by the side Of gold
will lessen the demand for gold and
thus lessen the purchasing price OF
the dollar, either gold or silver. II
you say that it is not fair to take
away a part Of the purchasing power
of an ounce Of gold, I tell you that it
was not fair to have put into that
gold that part which the law has
placed In il. The reconciliation Of
silver will not take out Of gold any
more than decentralization put into
the gold, and those who produce the
wealth of the world, those who are
the foundation Of the nations great
ness in time Of peace and the nations
only defense in time of war have as
much right to restore the parity be-
tween money and property as the
money changers had to raise the dol
lar for their own benefit.
NOT FOR NINE OWNERS.
They tell us that our legislation is
intended for the benefit of the mine
owner. We deny it. We point to
the fact that the strength of bimetal-
lism has always been found among
the agriculturists and among the lab
orers, who for twenty years have lab
ored 10 restore silver to it's place in
our coinage.
Remember that when they tell you
that this legislation is for the benefit
of the mine owner-remember that
free coinage cannot give back to the
mine owner a single cent more than
demonstration took away from the
mine owner, and that for every dollar
Of benefit that demonstration has
taken from the mine owner it has
taken many dollars OF benefit from
the farmers and the laborers Of the
United States, and for every dollar
that reconciliation gives TO the mine
owner that same law will give many
dollars back to the great struggling
masses of the United States.
But let us suppose that the argu.