The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1896-07-23
THE GOLDBUG.
A. M'GREGOR AGAIN TAKES UP
HIS PEN
Aud Pays HE Respects TO the Men Who
Favor Gold Stand ard-He Quotes
From the Greatest Statesmen
For Argument.

From the Greatest Statesmen
For Argument.
Editor News Democrat; When people
are unable to meet their antagonists In
argument, II Is very common to resort to
blaokguard epithets and personal abuse.
We often see that In politics.
The National Democratic convention at
Chicago was great success In every re-
speot. The platform Is clear and explicit,
in full accordance with the constitution
and in cordial agreement with the teach
ings of the fathers of the Republic.
Everything was done In order and
decenoy, and the candidates nominated
are men of acknowledged character and
ability. Why, then, should great city
journals talk Of "the hideous Chicago
PLATFORM" of the "revolutionists and
repudiators, and Of "Populist-An
candidates" etc., eto.S This Is not dig
nifled journalism, to say nothing OF
decency.
The whole course of the gold schemers
from the first has been marked with
triokery and treachery. With the Harri.
sons and Clevelands running the govern
ment In the gold interest, these manly
magnates have been putting on airs OF
insolence worthy Of an autocrat. They
did not dream Of such rebellion as waf
inaugurated at Chicago, though 1t has
been gathering heau for some time, and
these gentlemen should have seen IL com.
ing, but they only pooh-poohed It, They
thought they could control, or rather
smother, or straddle, and trick, and again
nominate an instrument of their own
They are a badly disappointed sot, nj
doubt. The power and arrogance ol
money pales and falls before suffering
betrayed and aroused people.
No one proposes to deprive bond holders
and money holders of their rights under
the law; but the people are tired Of being
deprived of their rights and of being
robbed as they have been. Democrats ex
pected, when the party should proclaim
justice and the constitution; and th'
equal rights and opportunities and treat
ment of silver with gold, to hear howl
of alarm and a cry to rally to the Repub
lican gold candidate. All this they ex
pected and they also imagined that ther,
would be an Offset, that suffering labo
and business men would see their duo!
and promptly act accordingly, and that
union Of hearts and hands Of all suol
sufferers would transpire and thus secur
glorious triumph Looking at the en-
thuisastic responses Of the people all owe
the land, 1t is very evident that Majo
Mckinley and Mr.. Hobart will not hav
walk-over.
The people are not now in the hume
of submitting to the evil dictation O
bankers and money magnates. The
have endured such sway long enough
and not prosperity, but the reverse, ha
come. These money lenders, therefore
need not put on lofty airs Of superio
wisdom and speak slightingly of tn
ignorance of bimetallists. The bank O.
is not the one that is gored. fhe New
York Evening Post says:
1.-The sound money men must no
stand off and call the people who now in
cline to favor free coinage, Anarchists
blatherskites or fools. They must recop
nize that they are well-meaning citizens
who haze been deluded, but can be in
formed and converted"
This is very kind in gold mugwum
organ that takes the other tack an,
palavers with soft words Mugwumpery
too, has had its day, and "soft words don
butter parsnips." The American peopl
have been learning OF late years iu tn
school Of experience. 1t has been costly
but they at last have their eyes open an
have concluded they have had enough G
mugwumpery and gold-buggery.
The great monopoly of all monopolie
Is the combine of banks and bankers
The 1000 national banks is vast con
oentration Of money and power and th
other thousands of state banks are nc
antagonizing at all. The question ma
we'll be asked: Does this organized none
power work for the public good? ID
they not exact enormous rates Of interes
rates beyond the possibility of homes
business enduring? Does all this not az
count parity for the many and in
oreasing failures all over the land? Thes
men, of course, wish the greenbacks II
deemed and retired so that the govern
ment may ego ont of the banking bus
ness.' The national banks would thu
have the field, and the same old statu
would be here as when the state bank
furnished our currency, and much of tn
time redeemable. From 1909 till 1S6
the state banks suspended ten times, an
thus inflicted great loss upon the pei
pie While the national banks may b
safe, the system is fearful monopol
and hence dangerous to a free peopl,
The government does the postal busines
may he asked, Would 1t not be bette
and safer for the people to have tn
government attend to all currency mat
ters and take the business out of privat
hands, and sn prevent dangerous CON
binationsP The public good is individut
good. Why should individuals or a fe'
combined be given privileges by govern
ment which endaDger the business an
rtxy nf ha nj to-
The United States monetary concessio
of 1878 defined money as the great In
strument OF association, the very fiber c
social organism, the vitalizing force of In
dustry, the protoplasm of civilization
and as essential to Its existence as oxyge
is to animal life. "Without money civil
zation could not have had beginning
with diminished supply 1t must lar
guish and unless relieved, finally perish.
Money is the instrument of exchange
and reliable as a measure of value s
long as the ratio in volume and strength
continues uniform with the volume {
business. Law alone makes money
Aristotle said, over 200O years age
''money exists by laW, not by nature"
Encyclopaedia Brittannioa says: 9Th
theory of the intrinsic value of none
has been abandoned by the best writer
and speakers.
Henry Clay said "Whatever the goverr
ment agrees to receive in payment of tn
public dues, Is money, no matter what II
form may be-.
North British Review: ''Metalli
money, while acting as coin, is identica
with paper money, in respect to bein
destitute of intrinsic value"
Buckle, in History of En- glish Civilizf