The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-10-04
CHAPTER ".

Why are the terms sound money"
honest dollars" etc, used so frequent
ly by the goldites and what do those
terms mean?
A.-These terms are used by the
goldites to delude, and deceive the
American people, Sound money"
honest money" an honest dollar" is
really a dollar that is stable and I'M
changing In its purchasing power, a
dollar that can be exchanged at all
times for the same amount of com
modities, liable only to small fuctua-
ton on account of local variation in
supply and demand. A gold dollar that
in few years has appreciated to
twice its former value cannot be an
honest dollar" or Sound money"
seeing it requires more than twice the
amount of commodities in exchange
to obtain it.
Q.-The goldites also make a great
cutlery against the cheap money" that
they believe free coinage would give
us; what do they mean by Cheap
money!"
A.-This is another of the deceptive
and misleading statements of the gold
ties, and truly their cause must be in
great danger when they have to de-
fend it by Misrepresentation and de-
ceit. Under a gold standard money is
dear, requiring the producer to sell
twice as much of his products as for
merly in order to get a dollar with
which to pay debts and taxes. And
now that the producer has been suffer-
ing under the ruinous effects of low
prices and dear money for twenty
years, the goldite tells him that if
wheat should again rise to 81 a bushel
he would be ruined, and strange to say,
some farmers actually believe it. Dear
money means low prices, cheap money
means higher prices. The gold stand
ard and Mckinley means wheat at 80
cents bushel and prices still falling
because money is getting dearer every
day. Free coinage and Bryan means
wheat at 81 bushel and prices steady;
money cheap and plentiful; labor
abundant because there is money to
pay for it, and all branches of in
dustry prosperous. AS Mr.. Bryan said:
Ruin our farms and grass will grow
in the streets of all our cities"
Q.-The oddities also claim that
wages will improve under the gold
standard; is this true?
A.-No, it is not true. 1t is simply
impossible to improve the condition of
the wage worker by lowering the price
of the things out of which all wages
must be paid. That wages must be
paid out of the products of labor must
be clear to every thinking individual
and if prices fall. wages must follow.
For this reason there are today multi
tudes of unorganized laborers working
at starvation wages and multitudes
more who have no work at all.
Q.-The goldites also claim that a
high tariff would remedy the evils of
the present decline in prices; is this
true?
A.-High tariff will not afford an
adequate remedy. Put UP duties to
the point of exclusion and still the
difference between gold and silver
values would Cypress the American
producer. A high tariff on manufac-
tured goods would be uneffectual to
keep UP prices; for the farming classes
selling in the foreign market in close
competition with silver standard coun-
tries cannot afford to pay high prices
for manufactured goods. Then also if
the prices of manufactured products
are kept UP by tariffs and the prices
of products, unprotected, fall, then the
Injustice is So glazing and gross as ~
be utterly indefensible.
Q.-Can the gold standard be main
tanned by borrowing?
A.-Certainly not. It can only be
done by forcing prices down much be-
low their present lead. In order tC
sell produce enough in the foreign
market to meet the foreign demand
for gold amounting to about 100000
600 annually, we must not only under
sell the East Indian, the Russian and
the Argentine at present prices. but
also at the lowest prices to which they
can possibly go. The idea of such g
contest should be enough to fill every
American heart with despair. This is
bringing American labor in comDeti-
ton with pauper labor in other coun-
tries with a vengeance. A monetary
system that is rapidly drawing the
producing classes of the richest ma
ton in the world into the vortex OF
financial ruin is neither sound" nor
honest" and no amount of empty
spread-eagle declaration can make il
So ELLEN B. FERGUSON.
(To be Continued.)
Hon. Fisher S. Harris, Mrs. J. e
Froiseth and Judge A. n. Cherry viii
speak at the Barnacle hall, 443 South
First West, Wednesday at 1880 D. m.
for the Ladies' BRYAN Silver club OF
the Second Municipal ward.
PHOEBE FLETCHER,
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The regular weekly meeting of the
Ladies' Bryan Silver club of the Fourth
precinct, will meet in the Burlington
schoolhouse Tuesday, October 6 at 7:3t
p. M Mrs. DR.. M. H. Cannon and Mr.
s. P. Armstrong will speak and the
Silver Glee club" will sing. All are
invited. MRS. ]. FEWSON SMITH,
President.
o o g
The Ladies Bryan Silver club of the
Fifth precinct will meet at the home o.
Mrs. Mcintyre 100 South Fifth Eas
street. Monday evening at 1880. Mr.
Lipnan viii illustrate the Australian
ballot system. All ladies interested il
silver invited. MABEL NEWMAN,
Secretary.
o o O
The First precinct Women's Bryan
Silver club will meet Friday Afternoon
at 2:S0 .. m. at Mrs. Gallagher's, So
South Fifth East.
o @ @
The Ladies' Bryan Silver club of tht
Third precinct viii meet at 303 NORTH
First West Friday next at 2:3O p. m.
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