The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-03-13


: tate the Oaiy Measss Messy.
81 Hon. H. +. Bartine writes as follow
} In the current issue Of the National b
metailist: The National Bimetallis
! has several times pointed out the differ
, ence between the monetary condition
I existing here and those which obtain 4
England. This being the greatest pro
ducing and debtor nation. while Eng
land Is . much smaller producing ma
ton. but the great creditor Of the world
II necessarily follows that a system
highly favorable to the latter might b.
almost ruinous to us. II 10 10 Eng
lands advantage as a creditor to max,
money dear. because II increases tn,
value Of her outstanding claims.
The interests Of the United States re,
quire cheaper money. because It en-
hances the money value OF our pro.
ducts. and thus eases up the burden ol
our ever-increasing debt.
Perfect equity requires neither"dear'
money nor cheap" money. but money
that Is simply honest" That IL to
say, money that can be acquired by the
expenditure OF a just and reasona BILE
amount OF labor.
That the gold standard does not sup
ply such money is conclusively proved
BY the almost universal distress pre-
vailing among our producing classes.
Talk Of cheapened production BY me-
chanical Improvements and the like is
utterly fallacious and misleading. No
matter What improvements may have
been made in productive methods. 1t
does not follow that the average pur-
chasing power Of money should in
crease.
The gold standard idea upon this
point 10 that whatever mechanical or
other improvements may be made
whereby production becomes easier, the
men who control the money supply
should have all the benefits For ex-
ample. some individual invents q new
The owner Of farms. the
sofl Of which has become somewhat
impoverished. purchase the fertilizer In
yreat quantities. Thus they enrich the
Doil. and produce larger crops. II
Eould seem - . simple matter OF jus
ice that these farmers should have, At
east. . portion Of the benefits Of their
'wn enterprise and thrift. but the gold
hampton says NO" The farmer has
Produced larger crop and therefore he |
must sell more cheaply. A . matter
Il fact the larger crops Of recent years
AVE actually brought less money than
he smaller crops Of former times.
So the producers have actually been
impoverished BY Increasing their pro-
|uction.
The miser and the money lender has
lot only raked in all the benefits. but
e has accomplished . great deal more. :
The point that prices ought to fall
nth increased production is one OF the
lrdinal arguments In favor OF the gold
tandard. In . speech delivered In the
ouse Of representatives on the twenty
ourth Of March. 1892. the writer en-
to show the outrageous char
cter Of such doctrine by the follow
,g illustration:
I'VE will suppose . community of lO1
ersons. One Of them has 500 900 in
Ioney. The other 100 have no money
I'D are farmers engaged In the produc-
on Of wheat. Farming by the most
rimitive methods. they produce say
900 bushels each. worth 81 . bushel,
aking the total value Of their product ,
90 900. The man with the money can ,
~ 1t all. Now. We will further sup |
be that BY the application Of more I
Dor, or. II you please. better methods,
icy increase their product to 1900
ishels each. making altogether $50. 900 A,
,shels. II the price fall In proportion I
the increase. the wheat will now sell
r IS % cents per bushel. In all, 500. I
70.
The man with the money. who has I
,ne nothing but watch his dollars ana ,
. them grow. can still buy the whole :
IL. II may be said that a each pro- .
icer gets II 900 Of greater pure asing :
over than formerly, he can procure :
ore Of those things which he has to .
~. and In this way realize . benefit.
this Be true II does not obviate the
airing injustice Of allowing the miser.
ling nothing that IL useful to Others
IT simply gloating over his gold. to
so per cent more of the prod
II Of other mems labor"
Thus II will be seen that II the pro- I
lcer succeeds In keeping even by max
& his purchases more cheaply. the
IN who has An accumulated stock OF
oney. or . fixed income, does . great /.
81 more than keep even. !,
But In the vast majority Of cases the :,
oducer cannot keep even. in debt :
} many Of them are). II IL Impossible :
him to keep even. while the non
oducing coupon-clipper becomes 4.
her and richer - his dollars increase :.
purchasing power. =
When . man who II doing nothing :,
advance production (which IL the =,
arce Of all wealthy becomes richer BY :.
oimp10 proceas AZ n = Win = III ac,,...