The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-05-28

must ftr many |orm the haSi> al
business aud G Ind serve as ths
med arm ~ AL 2 ges. That such d
~ Y sis Of credit and
trade : artendt< incalcula bic dim
cultle~ and haish must ~ apparent
Already monetary anics have been in
Eunone has ~
soh 70 sparr Sh. has drawn within
The la; wear lsrgc quantities Of gold
from this cllsry. ~ times when the
rate ~ s'ey.'n- exchange did not ius-
.ify suca sllpuenta: thar IL. n premium
las h-Aen pAsi for American gold. The
struggle or he possession OF gold.
with T. caaseluent train Of financial
disturbances = well under way :
X gold : 70 De the sole money OF
he world 13i only will the extensG ION
II hus nt = - or foreign investments
y seriously pplad, but the immense
'ahr.r ct tt IL liable TO totter.
y here J. '.e gold TO come from when
he sra-es p, lrope MOI having a paper
standard rsline specie payments: :
le rutI IL. the total supply
( ire pm is ME sals is not more tina q
utt.t~1' ~ Neep pace with the rapid
neNase cf treign trade. What is to
= -alaed 9T fiscontinuing the use OF
ne o. the ~ ey metals and throwing
u the work Don the other! Not sta
.iIty q. value for. as already shown.
" uea~.r ltury when the himeral-
( sy~,sN sx sted in France. the rela-
I've value "a. gold and silver did not
airy sprN- lly. III the
xpt-.rl'e * the last nineteen years
~ proven iything. II is that the
aiue ~ s1.i md silver depends upon
le loler2r Use which il made OF
leri Toe experience of the first
evenly years Of this century has dem
ls-ra' a -aai both metals can be used
: money NJ a greater stability OF
aire~ than ne alone"
l. = 4 reElrks BILE fact that nearly
I II the goat Europetan financiers.
cluilng Use who favor q single
antarl dFa are that there is not
soA-l cell In the world to do its bus.-
- aui TIA, il was a fatal step to
AZ .-F tie u1tors TO all confine them
Ives 20 iis use Of either metal II
low W. have new born financiers In
II country who argue that all that
Needed = SIMPLY standard or value |
N thai the quantity is immaterial. |
lrriet 70 Is legitimate conclusion |
cir argument would be that IL you
ke a single gold dollar and tie II TO !
string aud hang il up In the treas
Y department that Will constitute a
lndaFd az valVr and is all that Is
e'lef. But II sexperiencs OF the
'rld Il that wte a vast amount OF
siness can be done by the use Of
int are called credits there must al
~ b. certain amount OF money at
E bottom u this and there is q limit
the amount OF credit which a dollar
. carry; Consequently the amount
money s. the bottom will pncu-
.ly determine the amount Of business
ircan - cone IN theworld. The spec
IL which we see now 10 that OF the
ar raro1s Of the earth running az
the little Bit Of gold that there is
the world just Ike boys run after
FOO, ball. II Is shifted hither to-day
lgged yonder Tomorrow. and every
ie i shifts there il a disturban nee In
ces. even a disturbance In the low
ees which now prevail. The amount
available gold in sight in the world
50 small that a few large financial
I~.~ can manipulate IT, AS the Chi
ID Tribune SAYS. they can corner"
md n recent years we have seen re-
ted Instances Of their doing so Ger
lly il seems Ike the very height Of
dness 70 even suggest the idea OF
Ing the great business interests OF
country and OF the world rest
n Standard and a measure Of
les which can be manipulated. 1,
Assumed Superiority Of COLD
n American gold standard man re-
.ly declared that gold went with
higher civilization and that silver
nged 70 a lower civilization Let
ook at this moment Until 1873
p was the money that was chiefly
BY nearly all of the great nations
he world. Germany was on n sill
basis up TO that time. The foun-
on of the great German empire ,
q laid and the entire fabric OF Ger {
] civilization and German achieve {
II AMI German greatness was rear I
~ The hasis Of silver. Since she I
Pred a gold standard she has not /
T.
there IS stagnation and distress |
ughou, her entire borders. France.
orally considered the most highly !
lized country Ia the world was a '
il silver using country and her unit
TsiuA l. n silver coin. The great (
OF tie United States Of America
achieved prior to 1873 Our insti-
'IsQu Ian SOAPS sul 'p9qsnIo
ms were reared. the rebellion was
Z the unit OF value In our country
a silver dollar. provided by the
Of 1892. Look where you will you
that the progress Of the world was
r while silver was the money that
chiefly in use. And since the ma
: Of thu, earth have been trying to !
onto a told basis there Is universal !
ession Ind stagnation- Instead Of
,nclng Evilixatio gold Is causing
Jgressidh. because there IL not :
Ign II : to DO the worlds work
Thee > Of ovsrpreduetses- a
'teripts have been made In this a
lfrv 70 attribute the general fall Z
prices 20 cieapness OF production
y corsequent overproduction. No 9
b. cAe-penirg production tends 10 :
r ~ -. but increased production q
J not necessarily lower prices II .
2 i Al % increased consumption. 1t :
i'd tha three times as much wheat j
ow sent to Liverpool as formerly. ?
efore wheat must fall In price. / U
WHAT IL done with this wheat a
fva~v.e.fs n sborp only aa much