The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-10-02
nARpEYs 49, -
Telling Blows Given the Geld standard
Sc Chicago.

tOriuuas Cnlcago, on saturday night,
September 70, on the subject Of free si.
yer. In the course of his remarks he
made some telling hits in support Of his
arguments for the free coinage Of sil,
yer, Mr. Harvey said;
MAN promotes his ewn Interest by pro-
noting the common good. Individual self
ishRess. crystallized into law, is the mother
Of anarchy and the death Of republics.
Therefore the present Is the crucial test
Of American Institutions Money is the
blood Of commufee. You can do without
wheat, corn, beef. or any Of what are called
the Reeessaries Of life, but If you are a
part OF civilization you cannot do with
out money, Without money society would
90 back to barbarism.
There Is in society a need for certain
amount OF money, just as there is need for
a certain quantity OF bread. and laws inter
/ fering with them are oppressive. IL thcre
were laws encouraging the boarding Of
wheat they would be repealed. If there are
laws encouraging the boarding Of money,
We should demand that they be repealed
also. There is not enough money to meet
the normal requirements. We should see
that more is made. A cattle man Ia Texas
knows that II One-half the cattle IN the
country were destroyed, his herd would
De worth twice as much as 1t Is now the
money dealers know the same concerning
their money. The difference is that every
one can raise as many cattle as he pleases,
but everyone cannot coin all the money
he wants. lApplause.l
"Bimetalllsm is the right 10 use either
gold or silver for money, so that these met
I In. Nit q
The idea of relying on two metals rather
than one is taught by nature. We have
two eyes, two ears, two lungs, and two
legs. MonOmetallism is like man with
one lung or one leg. We are not mono
imetallists, but bimetallists. We are called
silver men, but If gold had been demonet-
lied, we would be called gold men, We
| believe IN both metals, so that II one
grows scarce, we may use the other. lap
piause,l
Sizes Up Gold and Silver.
Gan the gold In the world available for
use in money is Sl,0o0, 100000. II cast into
one block it would only make a cube OF q
! feet, All the silver in the world available
for money is s., eco, goo 600 likewise. il east
/ into one block il would only make cube
! Of IS feet. Under the law OF bimetalllsm
the two metals have never varied In Gem
Derciai parity more than three per cent
! and this slight fuctUatiOn was the elasti-
CITY that the bimetallic system save 10
our currency. From 1882 TO 1850 the world
sunDlv was two dollars Of silver ana one
dollar OF gold, or thirty-two ounces OF sll-
yer to one OF gold. From 1850 TO 1913 THIS con-
dltion was more than reversed. and yer
| these violent fluctuations did not seem 70
| have any perceptible effect on the COM
mercial value Of the two metals. Inc op-
lion of the debtor acted like the regulator
on steam engine.
IN 1873 coinage was left free TO GOLD nu'
/ denied to silver. One Of the main arterlea
! of civilization was cut or. The oeDtor We
/ limited to gold payments FORM I.l4t s tillis
| until now the worlds production mas Deel
sixteen ounces Of silver 10 one ounce % ~
roId. which could not be SAID on any =
| wears preyiOus to 1873. But III sp'Ce ~
| mat fact, the metals have departed 4Io ,l
! commercial parity 50 per CENT WINE p e
yious to 1873, with violent huc'ua,- '.is -
production, the variation Was 0'4'
! per cent LApplause'i
PeopIe Have a DclusiOn'
"People have a delusion that a ooilaI Is d q
hxitv. They think wheat may IailI uus NJ NJ
/ dollars. In like manner II Was thousL ~ -
earth stood stili and the sun moved buC y, il
the law had made busheI OF WheaC ' ~
unit Of currency then the dslnsloh "ouiu - -
hat the value of wheat was stationary and
the value of dollars huctuatlng' WIZ pap
mr. silver redeemable in gold, an exchange
~ dollars for a horse means the relative eX-
cbanrelbIe value of gold fer the horse
rise in gold will cause it to buy more prop
ertv and property TO buy isss golg.
"Suppose all the gold in The world were
DESTROYED, except 1000 gold dollars. and the
demand for gold should remain what II Is
now. with ali the nations sclambling tor II.
Then a single gold dollar would buy the
state of Illinois. If all the goo n tne Wofll
were destroyed except one eoid dollar and
the law recognized no other primary money
this dollar would buy the hemisphere 80
the dollars rise in value as expressed n
relation to other property
"With the strain that had been shared by
! both metals before 1873 shifted to gold alone
and with silver made mere token money
there came a rise in the vaioe OF gold. Inc
! debtor could no longer regulate the demand
| Thereafter when value was expressed ia
! terms Of money It was to mean gold. Inc
government, which had walked on two legs
| had now to walk on one. Ther came the de-
cline In prices, for prices IL the value OF
| property expressed in money. The value OF
/ property as compared with money mas de-
/ clined and gold has gone up. The equivalent
has followed the gold, as the tail follows
the kite. [ADpiause.l
Falling Prices and Debts.
Failing prices require more and more
property TO pay debts. A debt contracted
I In 1884 for 81 200 could have been paid, haC
not wheat declined, with GOO bushels OF
IL.
/ requires 1900 bushels Of It 10 pay the same
debt. The effect Of demonstration there
/ fore. IS the cOnfscatiOn Of the property OF
debtors. With falling prices he merchant
/ goods are worth less than he paid for them
and the manufacturer cannot afford tC
work up his material. But TO falling prices
/ more taxes would have been collected, and
/ the debts Of the nation ana Of the states
! counties and cities would not have reached
| their present fTightful proportions OF &c.
/ 0O0, 1000 when the total assessed value o.
all the real and personal property Ia The
/ United States Is only $4,000 C03,090.
when one is stripped Of his possessions
and cannot find the WhereWithRl 10 com
/ fort his family ana to provide for bis nat
! uraI wants he becomes a desperate man. TX
/ say that he is a poor citizen but feebiy eX
/ presses IT, Such a condition creates a los!
/ of pride When the information comes q
/ one, accustomed 70 the ownership cf Z
| home, that he Is to lose that home afteI
years Of toll, and that information is con
/ veyed to such g PERSONS wife and family
who have worked hard and shared the toll
/ and troubles OF the husband and father
/ and all this coming upon them Ia soml
manner nexplainable-thsrC come with
/ sadness, soTToW and distress. When ten
/ Of thousands IN distress are multiplied int
/ hundreds Of thousands then there Is tina
| general feeling that comes as If some grea
| chlorofOrming process had settled doWi
/ upon the nation In the midst OF Il ali VI
| hear the cry OF the creditor: Pay IN homes
dollars, maintain your credit as a people.
] The people redoUhle their cLergies. The.
/ are all honest. They want 70 do what d
I right, whether real OF seeming, but n
4 task OF producing enough property TO pur
I chase the enhanced dollar IS too great, AM
/ they finally surrender their possession
into tie hands Of their creditors zap
1 plauss-l
Result gs Terrible.
"The result Is terrible to the republic
/ TenantTy IS rapidly increasing. so that q
I. New York 81 Per cent OF the populatio
/ rent their homes, and this condition
/ sweeping westward. VITA foreign credit