Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-05-22
ny necessary, 10 ina. ..--..s n-.:--

people suffered Tor tne want OF IL, yOC
would be in favor of repeating those laws
the people, you would be in favor Of raising
more of it. If we have laws that encourage
the boarding of money, the greatest o.
necessities, and diverting 1t from the chan
nels of trade, by which the people and the
nation are made to suffer for 1t. and tC
pay black mail in order to get it. you should
demand the repeal of those laws. And. Il
there is not enough money to answer The
normal requirement. you should see tha
moro money Is made. You should no.
leave 1t to selfish class of money dealers
to say what those laws should be.
Money Is Made by Law.
A cattle man In Kansas who owns 10.00
head of cattle knows that II one-half Tho
other cattle in the nation were wiped out o,
existence his cattle would be worth far mers
to him after that calamity happened thar
they are worth now. The money deale,
knows this principle and he applies it tc
his business.
Cattle IRE raised by nature and the sup
ply is regulated by the demand. All art
free to raise cattle who wish to, but money
Is an artificial substance and is made b,
law. The money dealer knows this and he
goes where the money Ia made and gets
would be great temptation to the Cattle
man II he had the power to destroy half the
cattle Of the world.
The temptation has been too great for the
money dealer to resist.
Bimetallism Defined.
We believe that bimetallism, that relies
on two metals for money is better policy
than one that relies on only one metal
We do not pretend to say that the intelli.
sence of mankind may not find q better
system than both of thenS but we do say
hot 70 do, ol%l =,
is step backward and not step forward
Bimetallism is the right to use eithe,
gold or silver as primary money. Thus
under such q law, If our trade relations o,
the laws of other nations take our gold
away. then we have silver. and no serious
injury occurs, And the same saving prin.
ciple applies II our silver should leave US
and gold remained,
The vital principle In bimetalltsm is the
right to use either metal. If productiol,
grow less on one. we have the other, and
the two together furnish more stable
supply of money than either alone can
furnish. With only one of them for money
the contraction and expansion of the
worlds supply. alternating as they will
makes an uncertain and unstable supply
OF the two metals, dollar for dollar, IL
parts silver to one part of gold silver Is this
most useful Of the two. is applied to the
most uses, and is the most serviceable to
mankind OF the two metals
The principle that it is safer to rely for
money on two metals than on one is prin-
ciple that we carry into everyday life. We
rely on wheat, corn and rice for bread,
on beef. pork and mutton for meat If one
Is scarce, we use the other.
Under free coinage of both metals, sill
yer and gold are in competition with each
other to supply the demand for money
So long as pork and mutton are In COM
petition with beef. for meat, beef came,
rise unduly in value and threaten the
health of the nation. And gold could not.
as 1t is doing now, threaten the credit of
this great nation II silver were in COMPETE
ton with it as money.
You hear us called Silver men," AS II
we were opposed to gold? We are called
silver men. because silver Is the metal de-
monetized, and we are trying TO resore 1t
to equal rights with gold. We are in favor
OF putting the white metal on an equality
with the colored metal. To do this, does not
mean that we put the country upon Sill
yer basis. 1t means the right to make pri-
mary money from either metal, and in
this way one relieves the strain upon the
other.
AS we have two eyes, one to relieve the
strain upon the other; two ears, one to re-
lieve the strain upon tho other, and for the
same reason two openings In the nose; two
AcOSS " VIC lung tti0 TWO 10 the
heart; SO is this great necessity for money
supplied by having two metals, one to re-
lieve the strain upon the other. And, hay-
ing the right to use the two, does not mean
monometallism.
What Monometallism Ia.
The right to use only one metal as pri-
mary money, as is the lazy now, is mons
ometallism. 1t is like man with one arm,
one leg, or one lung. Recommendation is q
one-lung monetary system.
Bimetallism is the right to use either or
both of two metals Only one may be in
use at q time, or partially one and mostly
the other. If one grows scarce, or is COR
nered by spectators. we may use the other.
Ii under bimetallism. one is in use more
than the other, 1t is because 1t Is the most
accessible, and this fact may save our
monetary system. If gold leaves us and
goes to Europe. under bimetallism, 1t does
not hurt us. 1t, gold, would In such case
with silver taking its place with us), go
to swell the supply of primary money in
Europe and increase the price of products
In the worlds markets, and thereby in
crease the price of our exports to those
same markets. Under bimetallism, the ex-
portation Of gold does not hurt us. Under
gold recommendation. Its expectation de-
prtves us of the only primary money metal
we have. Bimetallism is the right to use
either metal as primary money And that
was the law up to 1872
Option of tho Debtor.
Under this bimetallic law, the debtor had
the option as to which of the two metals
he would pay in. Thus the demand was
regulated by the debtor. The government
exercised the same option as to It's cred
itors. The demand was thus applied to
the metal that was most plentiful. If sill
Yer became the cheaper by slight fluctu-
ott tha n -
thus restoring the parity between the two
metals. If sold was the cheaper, 1t was
used. and the demand brought 1t back.
There is no better recognized principle
than the law Of supply and demand reg
ulating values. It was the law to which BIZ
lnetallism was adjusted, and to make 1t
self-operative. the option was given to the
debtor. who would always put the demand
on the more accessible or cheaper metal,
and this prevented any material nuctua-
ton in the commercial value Of the two
metals.
We lave had the effect Of this law in the
official reports of governments for 200 years
prior to 1873. and the fluctpation, one dollar
as compared with the other, was never to
exceed three per cent.
What Sixteen to Ono Means.
Under this law, with US. 37llt grains of
pure silver We're put in dollar, and, % Is
grains of pure gold were put in dollar, 46
gold dollars to weigh as much as one Sill
yer dollar. That is what sixteen to one
means In other words. anyone bringing
37lA grains of silver to the mint had It
coined into a dollar. and anyone bringing
1922 grains OF gold to the mint had 1t
coined into dollar. And as long as this
vas the law. no man was willing or did sell
that much silver or gold for less than doll
lar. Foreign inducements at times caused
much of our gold to leave US. as It Is doing
now, but we had silver to fall back on,
and then again when much Of our silver
left US, we had gold. Thus we walked
down the century on two legs, from Is
poor colonies to 36 grand states.
During all of that century. the metal in
the two dollars never varied mora tho n.