Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1896-09-26

gruntiy iucrtaeed, In .tue A~rRbutihe re-
public, India aud Russia, IN olives stand
ord countries, but Notwithstanding III In
crease 10 pcpS,asion bag cu,SytaElppsd Che iq.
world produced 1909 bushols Of what pss
capita and the Londot price for that yea,
averaged Sl.2b per bushel. In 1893 There
was produced 1905 bushelsl per capita aud
the London price rHll to Ase~vonty-aIx cent
per bushel. Here Is a decrease Ia produc.
ton M a tremendous fail In price. i
over production affects prices, Their
should have been a tremendous rise. rhs
production, per capita, aof cotton through.
ont thu world has decreased. From 1878
till 1893, the planter lost 02 per cent. bel
acre. The price for cotton IN 1873, was six.
teen cents q pound and In 1895 IL was les.
than ten cents q pound. a difference 81
more than six cents q pound. This reduc-
tion In price entailed on the planter a mel
loss Of $326, 900, 900 for the year 1895. The
In price on farm products fol
the year 1893 amounted to 81 500, 000, 900
THIS difference In a single year would have
paid of the national debt. In twenty
years under the single gold standard toe
Farmers have suffered the enormous loss o.
10000, 600, 900 or about one-haif the tota|
wealth Of the United States Id 1890. Dur
ing this time the silver producers lost the
magnificent sum OF $640,c00, 900. mi yet
IN the light OF this exhibit, the gold stand
ardist,cry out, that free silver Is In the In
terest OF the silver barons. tell you thai
It IL In the interest of the farmer, In the In
terest OF the masses. My assertions are
substantiated by history and statistics.
cav WHAT IsAN HONEST DoLLARl
The goldite AYERS that the silver 10 a dol
lar Is worth but fifty cents, and that 10 re
monetize silver is to make fifty cent dol
lars. He cries II down as dishonest dol
lar. The FIFTY cent doilar,,' 'shonest
money" 'sound money!" are catch
phrases. coined by willy politicians to d.
vert attention from their dishonest 200
cent dollar. Their outcries remind me Of
the street thief who robs his victim, and to
avoid detection, be dtverts attention from
himself by believing more Justify thar
Catch the thief! Under the deception,
the real thief escapes.
"a fifty cent dollarl" This catch
phrase contains volumes In a breath. 1t
asserts depreciation, dishonesty and repu-
In a single, wild hysterical shrek.
1t serves as a call from the clouds-from
the depths of the holy unknown. 1t cries
out national dishonesty with a mystiied
sanctity that strikes terror to the minds of
the credulous. Many intelligent, well
meaning men. without reflection or inves-
tigation, accept the alarm as true, and,
yet 1t is, fguratively speaking, but the cry
of the thief. The substance OF the people
has been misappropriated and these high
holy EXPLANATIONS serve to divert sus-
picion from the offence and the offenders.
The American people are not repudia-
t~iouists. They are honest aud wish to see
their honest obligations honestly paid;
therefore, this catch phrase is coined. Thu
Is untruthful, unjust, and mis-
lea ling, and has well served It's purpose
OF deception. Ii has made more converts
for the gold standard than all the argu.
ments its friends could ever produce. 1t
requires no study; it requires no thinking
for the honest man to want to act honestly.
he doesn't stop to inquire whether the cry
Is true or false. Let us make the inquiry
for bin.
What is an honest dollar? Certainly
not a gold standard dollar. that bought a
follar's worth Of things in 1873, before sill
yer was demonetized, but, under the cod
ling fare of the national banks of New
7 ork, has reduced our circulating medium
SOP per capita to about S23 per capita,
md, through a scarcity OF money and its
Manipulation, maue that gold dollar APP
)reciate in value until to-day it buys 81
worth of things.
TIE owner OF money Is deeply interested
"a having it increase in value He who in
rested IL ,0QO, 900 Ia United States bonds in
o73, has had the benefit Of the interest, all
hese years, aud 10 addition, that which Ia
nore to him, the Increment, or
ise Ia value OF money. Although his
call for only 81, 000. ZOO, the premium
rise in the purchasing power OF these
oil ars would to. day buy ~, O00, 900 worth |
property You now see why our per
apita circulation was redu ed from $52 to
bout S23. 1t was to make money scarce.
hereby increase the demand for 1t, and
EnnnFffanAfAI lnrAaaA L. ..A-..-A--
'dvance It's value. In fewer words, the OBJ
eci y as to make money scarce and conse-
IIently dear. s
A dollar that lacks stability, that rapid
y Increases in value Is a dishonest dollar.
dollar that buys more than 100 cents
Worth is a dishonest dollar, and it is Just
fly cents more dishonest than a fifty ceut
ollar, for it steals just that muc1 more,
nd what Is worse, it steals it from the
lass that can not afford to loose 1.-THE
ebtor class.
An honest dollar is one that buys neither
lore or less that 100 cents' worth; that
Maintains an equable and stable value,
hereby assuring permanently fixed prices,
) nearly as possibis, and regularity in
'ade. An honest dollar Ia more easily at
under bi-metallism than any other
stem. With silver re-instated to its right
place as money, our per capita circala-
on would Increase and with the increase,
roperty alu would rise; gold would
scline and silver would rise. A dollar
ould no longer buy 50 worth OF products.
be fictitious premium on gold would dis
and with 1t the robbery of the
sbtor by the creditor. The b~ondholder's
would drop back to an honest pace,
the whole people you'd profit thei eby.
The tender solicitude OF the average gold
aDdardist for the bondholders and what
would loose by cutting down the
'esent high premium on gold, is hard to
When we realize that that
is an unjust increment, produced
I the fostering care of an unjust and
cious monetary system; when We fur
or understand that most of our bonds !
ere bought with greenDacks deprecated ,
fifty cents on the dollar that the bonds
Q payable In coin, and under the consti- {
ton gold and silver are coin but are paid |
gold alone, and when we further under- .
that we are paying nearly ~ for
cry 81 promised, will not this tender !
arted individual give some of his solicit !
de to the people? |
The honest man who is caught with the I
cry Of a fifty cent dollar does :
: realizs that law, and not substance, !
axes money, and that Just as soon as a free ,
law Is passed, and probably be- 7
re any silver is minted, the market value
will rise from f%fty-three cents {
nth OF silver in a dollar to be 100 cents :
nth in a dollar. Why not? 1t was
maintained at that figure before it 7
IS demonetized. Us market price fell 9
cause it was outla wed, as a money and =
!, principal demand for It destroyed. !
stroy the demand for anything aud you Z
crease its value; enlarge the demand Q
d you increase its value. t
Mexico is referred to as q sort of kinder s
rten school to illustrate the Atty cent. Y
honest dollar, that the silYerites would 2
ce upon the country. In every little 81
immunity Is to be found the agents Of the 9
d ring. They may be serving Il conscious =
or uneonsoiously, who display with a
re partisan zeal than patrie ism, the Q
xican and American silver dollar, side a