Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-08-06
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GlST OF THE QUESTION.
sCoin" Makes Some Clear Statements on
the Leading Topic OF the Day.

sCoin" Makes Some Clear Statements on
the Leading Topic OF the Day.
It is q common statement that free
coinage Of silver will run gold out of
circulation. Bimetallism contemplates
thaE from time to time one or the
other of the metals will be hard to. get
and win go out Of circulation. 1t is the
right to use either metal and the fact
that the other metal Is accessible and
may be used that constitute the princi-
pal merit Of bimetallism. There is a
calamity when one metal goes out of
circulation If it is the only metal tho
law has provided for use as primary
money. But there is no calamity on one
OF the metals going out Of circulation if
the other metal is accessible, the mints
open to its free coinage and the people
have the option to use it. Gold is now
out Of circulation. There is no gold
among the people. 1t Is cornered in the
bank vaults. It Is leaving US to go to
Europe to pay $3.50. 600, 900 annually as
interest on our gold debts authorized
by the act Of 1878. Under the gold
standard it is only question Of time
when all our gold will leave us. We
produce about $40, 900, 900 a year Of
gold and are sending $3.50, 900, 900 a
year to Europe as interest on debts Of
ours held by foreigners. The gold being
shipped back to Us is borrowed gold
that is increasing our gold debt to Eu.
rope and intensifying the situation. 1t
means that in the future more gold
must be annually shipped to Europe to
pay our increasing gold interest. It
means that we have committed our
selves to an erroneous financial system,
and that the longer it lasts the greater
our suffering must be in the end.
The gist Of the financial question is
in this: Men who deal in money are in.
terested In making the property they
deal in more and more valuable This
is natural instinct In dealers in any
property. A cattle man in Kansas who
owns 10000 head of cattle knows that
he could make his 10, 900 head of cattle
worth considerably more to him if be
could cause the sudden death of half
the other cattle in the world
The money dealer understands this
principle, and knowing that money is
made by law he has gone to where the
law is made and caused the destruction
of one-half the money Of the world BE
is dealer In money. 1t is the property
that he studies. When he makes his
money SO valuable that it will buy more
and more Of your property and mine,
he Is the gamer. When the farmers
wheat exchanges for less and less mon
ey the farmer grows relatively poorer
than the man who owns the money.
The unfortunate circumstance that adds
additional gravity to the situation is
that the money dealer deals in proper
ty upon which all civilization is de-
pending. 1t is the blood of civilization
in which he deals, and when he absorbs
it he strangles civilization. When he
depletes the arteries of commerce by
boarding about him this blood of civi.
lization--society, arts, commerce-civi.
lization itself is affected
Free coinage of silver will relieve the
strain on gold and break the grip of the
money lender, whose fingers are now
mercilessly tightening around the throat
Of this government. ALI is at stake in
this struggle--our families, society and
the republic itself. w. H. Harvey in
New York Journal.