The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-07-10

nous prOflts involved III supplying All
he people with money, the profit ur
IN the issues of which should ac- do
crue to the corporations issuing 1t or
instead of to the people or govern to
ment. The great power to-day IN tn
this and other countries arrayed m
against the restoration OF silver lr
comes from national banks and kim tn
dred institutions, over which they W
have control. u
T
The full restoration of silver lii
this country is demanded-hrst. be- Ii
cause the people are not willing o
that gold alone shall constitute the b
only money of final redemption; s.
second, because even goli and sil- n
yer linked together as legal tender o
money would not maintain prices e
at greater level than would bet
necessary to guarantee prott TO pro- e
ductive enterprises or secure pros 4
perity to our country
II 1t is not seriously contended
even by the gold standard advocates !
| that the supply of gold alone has
| been or is likely to be sufficient Tor
: the needs Of commerce and as a
medium of exchange. This search
!. ty of gold is shown by the steady
Q decline of all commodities and
J. property since the demonstration
e of 1873, and especially as is provenI
r. bv the scramble now going on Tor
is gold in all gold-standard countries.
.el In the discussion that took place.
70 in Congress on the bill for the re-
,r peal of the Sherman act 1t was
,e strenuously insisted that in order to
II maintain our gold reserve and a
o. gold currency in this country we
n. .Ishould suspend the issue OF silver
ot and confine our silver money to the
n amount then outstanding. Indeed
he this was the main argument ad
no vanced for the repeal of this act
Ks Subsequent history has shown how
is falacious the argument was. IN
he prediction made at that time tina
,ot the repeal of this act and the sus
go pension Of any further acqulsiuo
ne of silver to our currency would oil
the viate any necessity for further bon
bv sales. or efforts to maintain gol
md reserve, have been falsllied an
shown to be groundless.
1t is now seriously contended {
insisted upon that we must 20 stl
ear fur,hur in order to maintain tt
e gold standard, to-wit: The retir'
the ment of $346 600, 900 legal tend'
Ita- greenbacks, and some $3.50 ,OOO,O(
es- United States Treasury notes, issue
ess, under the Sherman act, thus to r
teu lieve the Treasury of what MIR. ga
pom Isle and Mr.. Sherman called go
mo- demands. This would contract Il
H. currency about $500,OOO, 600, al
ten necessarily reduce prices to st
ION lower level, unless the deficien
ON should be supplied by national bal
'he issues; but since national bal
sent notes are issued upon Governme
de- bond securities as a redemption fu
NIL for the single gold standard, the
up bonds to be redeemed in gold
rson the Government, no relief, prac
syss- cally, of the Government or to
TINS Treasury would be had, even thou
SUP we retired the greenbacks a
: Vi Treasury notes, and substitu
shts, national bank notes for them,
ites the final redemption and security
nj OF the holder of the bank notes, un'
that the system now in vogue, would
lopo-. thrown upon the Government,
ionai the Government, would be C
J py pelled to procure gold with VII
the to redeem the national bank no
opie. So that the system advocated
ed In the Republican party would req
'peci- bank notes to be redeemed in g
ed, y and for the people to be taxed
tne this gold redemption, instead OF
ialth. banks, the banks to have the b'
ation' fit and profit Of the issue.
ats to
bank
norn. Against this system we In,
! the the history of so years in our
for alernment, and Democratic pre-
lppeal ence as adVDca.ea D espee,r ~. s,iI =,
| and jackson ana beh'on' 'ie '.'' y
how gold and silver as the best m'
holds for our Republic, the safest for
lished merchant, the farmer and tn
con- borer. Gu