The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-07-24
JASPER INDIANA. FRIDAY. JULY "a. 1890.
500 REWAR D.

500 REWARD.
Iwill give 500 to anyone Satisfactorily -
swering the diamond proposition On p.s
/, and 10 In Coins Financial school a. . ~
.xnox. as2 Washington Boulevard, 'hic"' b
go. Illinois. I
The following is the proposition {
referred to:
1--WE speak of declining prices, v
and do not think of the appreciation
of gold. We speak Of the sun COM
ing up in the morning and going
down in the evening. 1t Is we tha' .
come up and 90 down. The sun Is
relatively fixed. .r
Property is standing still and
gold is going up.
II is common now to hear the ex-
, preston that the silver in silver
dollar is only worth sixty cents OF
fifty cents, ar forty-eight cents, as
the case may be at the time. Peo-
! ple do not stop to think what meas
! lure that value is being taken IN:
I When we had double standard
o and silver was the unit, such
thing as it being worth less than a
dollar was as impossible as it would
u y he now for the gold in a gold dollar
II to be worth less than dollar. had
,, gold been destroyed as primary
money by the same nations, ana
= silver made the standard, we could
s have had gold in the form OF token
y money to-day, worth, say, hity
: cents on the dollar as measured II
, +. silver.
- AN ILLUSTRATION.
.. Suppose both were destroyed a
v primary money, and new stand
:, ard of values set up--and tina
=, standard was DIAMONDS. sup
m nose a carat diamond was made IN
Ell dollar or unit.
And suppose gold and silver t'
ken money was used, of the welgi
- and fineness now made, redeemab
> in this new redemption none.
a Under a double standard OF silv'
all all and gold pure one-carat damon
. 80 =. was rated at $4,000, (importe
,he 'he price before duty. was paido
- Wv change therefore to the damon
ha,, p9r standard, would contract valu
s6ftv times. Wheat under doul
standard was worth one dollar
ls.o 'ea the farms, would under like con-
;ss :s.,, tions with a diamond standard.
:" . worth two cents as expressed In
. - . . new standard, or diamond doll'
VI :, It could then be said that the g
,,eJ - in a gold dollar, and the silver II
, ,';,L silver dollar was worth only abe
W :. two cents. The demand for d
(; monds would become enormo
,sed s but as expressed in dollars ca
Jso h.s diamond would be dollar. AS
M ,ha pressed in purchasing power
; ns would buy fifty bushels OF wht
= 49, Wheat would be worth about
n;tv cents per bushel.
,ha;r Let me demonstrate. say 0
s;oas carat diamond is now worth un
',,L gold standard $25. 90. III CT
L. | diamond was adopted as the |
: ~ of value for our monetary system
,,onv one-carat declared by our law
hoss 'I be dollar, and diamonds the
daes money Of redemption, you wo
not saw that carat diamond
80 800 worth $25 90; but you would
da,a J that it was one dollar, or was w
: dis one dollar.
Th;s T As expressed in dollars and c
!, m ns it would pull everything down
\, a liz. Wheat now worth fifty {
!, ,'hod would be worth one twenty-ilitl
arma- fifty, or two cents.
'ho You could then make fur
.o,dan gold as some of our papers are
doing with silver, and say that
gold in a gold dollar was only v
two cents. 1t could be urged
reason for not remonetlzing
oo OF with as much force as the
,e-half - ara,mont i now used agains,
is not monetizing silver.
race Those who have been dec
me OF by this cry of fifty cent silver
to be- lar have only themselves to bl
$ now and if they are not money lei
y ana they have been paying the hdd