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

god: every body prefers paper crtin
Gates.
f6~~t 10 Labor of Re~,astsg silver
Let u have an the silver we can pos
Silly -et converted Into money. Il
viii net lie Idle. Ia VIII he used To buy
lanstS. buy labor. bald houses. build
factories. huili railroads and carry on
business. III VIII be- that much new
hi,ln'l and VIII give US an activity and
a prosperity better than we have yet
seen. The lahnrer viii be- the first 70
fes.l IT, benefits. for there Will be- m
immediate demand for his services
not only viii all b. employed, but
wages VIII 20 up.
Can We Go IL Alone.
m number Of European nations
were 70 Restore tue free coinage of
both gold AMI silver AZ the former ratio.
AMI again make each legal tender.
nobody would question that II would
b. absolutely successful The two
metals would circulate again as for
merly. because these are the great COM
nsreiaI nations If the world. Well.
the United States has a population
nearly equal 70 that Of France and
Germany put together. we have more
railroads than an Europe. and under
favorable conditions our internal trade
exceeds thar of all Europe. for while
some European countries have large
populations. they have but little pur-
chasing power and but little internal
bus ne>s. III Europe could go IL alone
We could The mere act of remoIe
rizing silver. and thus reducing the i'm
porrance Of gold. would reduce the pur-
chasing power of goli: the tendency OF
the two metals would he 10 come to-
gsrher because each could be used for
Tho same purposes When silver can
he used in payment of taxes. payment
or debts. n~sd to travel on the railways.
buy property. etc. the market ratio
viii AGAIN h. what II was before silver
wa> destroyed as money. The market
ratio will be- the mint ratio.
Bur. saws some one. what about our
foreign business? Well. il amounts to
Ee~s than ; per cent Of Ill our business
and VIII occasion no difficulty certainly
not IL both are what We callatpar. and
ina ~nueh a. the field in which both
could he used on the same basis Is 80
great. they would circulate on 4 par
basis Again. some one asks how
would the government get gold then;
Why. II would get ii In the IN tural
rourse Of business. for there would be
less demand for IN then than there Is
now. There would be an end 10 the
hond selling business in which the gov
eminent - now engaged
Banks. Railroads. Manufactures. Etc
II we did not know that the most
" rha nine thousand hanks Of the Uni
tel States arr a good deal like sheep
mi 70 in ffocks following directions
from a few eastern bankers.
ini IL We d.d not know that the man
gers ~ large railroads have to take
'heir Inscriptions from the same source.
,nd i W. lid not know that the large
are dependent on banks
mi are obliged 10 court favor. We
rauIi r.. utterly at loss 10 under
'-an.f why - many 'f the bankers
abroad managers and some manufac-
u-ers should oppose the restoration |
n silver. because the restoration OF I
.lvpr. by increasing the volume Of \
money. would raise prices; a raise in
'riees would again restore our home I
market and do what II always has
lone In all countries and in all times.
( would give activity - that our rail-
rad- would earn nearly twice the
Money our banks would prosper and
MIR manufacturers would have all they
ouII no. while the Iaborer would be
npl0yeI and his family be comforta-
le-
IuIussi~s to Creditors
But says some one. there are many
ebrs that were made since prices have
pne and IL you now Increase
b. volume Of money and raise prices.
I'll you not do these creditors an in
us-ice7 answer. No, there Is Just this
Inference between increasing the bur
IN q debts by making money scarce
nd reducing .he burden by making
money cheap. when money is scarce: II
r~r destroys rhe debtor hut IL does not
TOP there. Ii produces that general
r7gnarion which in time reaches the
rpiitDr and infurrs him. For Instance
very holsIer ~ securities in rhe United
rare~ has found that this universal
oppression has reduced the value Of
one ~ his securities. Every time that
railroad was forced into rhe hands ~
rereiver the securities Of that road
rere worth less In the market. On the
Their hani when the burden OF his debt .
; E-htened by making money plentl-
Ut 1t be-efs such a general activity
lar new enterprises are started and
- capitalist or the creditor derives n
enefr from the universal prosperity.
Now my fellow citizens. this i not
i@relv question Of the day. 1t Is a
usstion thar viii effect the entire fu-
Irp ~ orr country. that will effect
= perpetuity Of republican institu- !
ous in our land 1t affects the tollers
to-day and will effect the millions IL
Iilars vet unborn. Upon its solution :
i'll largely depend the question /
neither we shall be entirely Euro
sanlze-f; whether we shall have n
nail class excessively rich revclng IN ,
Ixury while the great masses are 1
-panln- under constantly Increasing I
lrdens anil sinking in the standard 81 I
tizenship- or whether our land shall !
'nrinue 70 be the home II intelligent q
yemen and a happy abiding place for
! men who earn their bread BY the .
reat Of their brow. 4