Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1896-09-30

he
Sates shows that there deposited witt
tne banks OF the United States subject to check 81
'ooo Inns is the supply Of money necessary for the
uansacuon OF business 1t indicates what norma
supply OF money IS for this country is 81
w Is In the banks subject the check of the peop
ON which they are doing business This is what tn,
OF the banks show How is it made up? We hav,
All 'od ia this country about of all form
OF money And yet with only 81 GOOOOOOOO of none,
Oh an KINDS in this country that there is 81 500
ooooW being used by the people How do they get it
| In this way: % "
a deposits in bank say. $4,000 B. borrows the SD
wv from the bank. but does take the money: 1t
placed to his credit Now the $4,000 has swollen I,
S-oooO on deposit The $4,000 is still in the bank
u comes in and borrows it. and places If TO his cre,i,
Now there is $4,000 deposit Interest is being pa
ON s-"oOO of it. A has $4,000 his credit the capita
! In MS business which he paying no interest II
nave each $4,000 to their credit capital in
business, and they are both paying interest
mis- is how we find there is 81 SO0OOO 900 on deposit
Win only 81 GOO 100000 in the country 1t shows fha
business demands $4.SO0.O0OOOO 1t shows that bus
ness Is borrowing of it. If it did not nee
II 1t would not borrow it and pay interest The lesson
| DO learned from this is:
That the country needs 500 OOO O00 IN neet rho no,
MAJ demand for money. 1t needs it just as It needs
normal supply of wheat anything else If Won wan
10 confirm this take the shown by the Treasurer
report at S4I6oS0495 With only 81 GOO O0OOO i'm III
government they loaning three times that sum
This money is furnished how The banks furnish it wit
the credit system by which dollar made to circu
iate III place OF three that needed, ba nix
collect interest of the dollars For eacI, loo
IN existence we are paying the banks interest ON tw
dollars This is the way the banks work the actual vol
ume OF money in existence up to the normal volume
with SlGO0OOOOOO in existence, the people using
ana paying interest than So 300 900 600 add
uohai This interest varies from to Il per cent AT
per cent it is tax of SOS annually to slpDor
thls system in supplying the shortage our money vol
| ume. (Applause)
The banks are interested in holding down the voum
OF money, and supplying the remainder needed viii
their system. (Appause) They take the quantity @
money IN existence and stretch like piece of rubbe,
AND they sometimes let loose of their end daughter
When over avaricOus they sometimes stretch it too fa
and break themselves but rule is the people tha
get hurt and the bankers benefited. So if we wer
Hooded with all the silver in the world available TO
use as money would have exceed n normal SIN
ply OF money. LApplause) The world has been undc
the control or the moHey dealers. The people hay
been made to suffer thereof We have neye
had normal supply of money and have had tax our
serves as people TO the money dealers conduct tn
business OF the ma ton Should world ever he o.an
cpated and unsesh and intelligent civilization ~
in control of it the people then living will wonder at thu
existence of such period that in which we live an,
Will recite with wonder their children the
that there was time when all the business of the wor
was conducted on financial system. based ON twenty
two feet of gold. Uong continued appausel
SAY SII-VER'S VICTORY WILL PRODUCE A PANIC
They say the election of a free coinage Presde,t ant
Congress will produce panic
The is this: As soon as il is known that q ,ro
coinage President and Congress is elected silver will
gold AS everything fell with silver so will nroduct.
advance with silver. Gold will be only thing that il
falling and falling gold means the depreciation Of il anf
its equivalent Money wiz be declining in value, anl
property will be rising in Value. Declining money will
seek investment in those things that are rising I, 4
ting money that is hoarded deprecating
seeks investment in the rising markets. Money viii %
actively into circulation Gold will not be hoartlei A.
it is but will those things 1
rising. (Appause)
Put silver in competition with gold again as none,
and you take the enhanced value gold The knoyi
edge that it is coming into competition with gold vii
start the decline of gold Appause it is krowr
that new crop of money is coming compete with colo
in the demand for money, COLDS decline will have begun
Applause) The wheat crop in existence in the cleya
tors and Granaries begins to decline when known
that large crop of wheat coming to be in conue
titiOn with 1t. AppfauSe) This before the nN
crop is harvested. And when it is known that a new
crop of money is coming to with crop hs
old crop will decline in value Appause) AS soon as
is known that free coinage President Congress is
elected. we will have passed the rublcon the begin
ming OF prosperity Will have come (Applause} Unless
despotism undertakes to override the will the people
They say our security holders will throw our securities
on the market in rush for gold and that these
ties will fall III value and panic in and bonds
will be produced thereby. will be their loss and moi
If they foolish enough us our securities
at the fearful sacrifice they predict it will be our gain
and their loss. fppauseD We will be the gamers and
they viii be the losers They will do it. 1t is rot
natural that they should 1t would be a mad rap;c OF
their own making. Applause) Rising prosperity in the
United States would strengthen those securities not
depreciate them. (Applause)
GOLD CONTRACTS.
They say gold would go to premium and those who
debts payable in gold would be unable to get it with
which to pay their debts. The When silver il
in competition with gold taking place as ,noner
gold will be cheaper than it is pplause We will
buy more gold in exchange for products de-
mand is less Oh gold, than (Applause3 TO
satisfy the most skeptical will illustrate it this way:
Supn for
paid that gold is at premium of 10 per over sill
yer. You would exchange your wheat, instance for
81 in silver and with the silver buy in gold
whereas you receive only cents in gold By nut.
ting silver in competition with gold money FOR all
purposes except the payment of gold debts
taken out of gold and buy 80 cents gold
for bushel of wheat, whereas, you now get only so
cents in gold for the bushel of wheat. (Appauscj
The free coinage OF silver that those VINO owe