The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-09
That Is the only WHY In winch the mills
can again be permanently opened
Labor Paid I'm Gold.


That Is the only Why in winch tine mills
can again be permanently opened
Labor Paid In Gold.
I recently heard a gold standard man
make this argument 90 laborers: why,
you earn your bread by the sweat OF your
brow. You begin toiling early In the
morning, and you work until night and
when night comes you want TO DO paid In
gold. You want dear dollar. You want
q dollar of the greatest purchasing power
TO buy you as much of the comforts of life
ss is possible. A very seductive argu-
ment 1t looks plausible on its face; but,
like all the arguments offered on this gold
subject, it Is fallacious, calculated 20 do
oeive and utterly ignores the fact that tho
laborer needs market for what no pro-
duces 1t Is an insults the intelligence
Of the laborer TO tell him that the gold dol
lar buys more than any other dollar II you
do not at the same time tell him how he
can make that gold dollar. II this subject
of prices were the mere scramble between
buyer and seller, then the idea that tho
dear dollars were In the interest OF laborers
might be correct, but the trouble is that a
dear dollar not only in this country, but
| In all countries, lowers prices, and therefore
means not only lower wages, but by lower
| ing prices and leaving the fixed charges
| the same IL destroys the market 1t has
| disabled those people from buying who
| formerly bought To the laborer it presents
| itself this way: A dear dollar and no mar
| ket for the things he makes, the mill closed,
| himself out OF employment and his family
| out of bread.
China and India.
China and India have lately been held
| up to us as horrible examples Of the con-
| dition that we will reach If we coin both
| gold and silver. / have pointed out to you
| the effects that a reduced volume of money
| has upon the prosperity of a country-that
| as the volume grows smaller and smaller
| the people sink lower and lower. In China
| the amount of money in circulation is only
| about So 80 per capita, In India about SO
| per capita And while many things in both
| countries and I'm other countries that have
but little money in circulation have con-
| tributed to the present unhappy condition
| of the people the most potent OF all causes
has been the inadequate circulation OF
money. And II this gold standard is to be
| maintained for the world-if, as / have
said, our population is to go on increasing
at enormous rates all over the world and
the volume of money does not increase-the
tendency Of our country will be directly
toward the same conditions that exist In
China and India.
| Local Creditor.
| But, says some one IL you add silver to
the volul.e of money, will you not be in
Turing our own local creditors who have
money loaned outS l say no-emphatical-
" no. No creditor, be he banker or private
individual can possibly benefit or profit
him. Every creditor, be he banker or mer-
chant or private individual, does profit by
having general activity around. 1t opens
new channels for his capital, 1t creates "a
demand for his money, and no profits by
general prosperity. There is just that diff
ference between falling and rising prices
Falling prices not only injure the debtor,
but II long continued they in the end de-
stroy the creditor, while rising prices help
the debtor and by producing general pros
perity increase the prosperity Of the cred
| itor.
Not q Partisan Question.
In 1861, when the drumbeats called you
to arms, you were not asked whether you
| were Republican or Democrat; you
| were not asked whether you were a Wing
or an indcpendent-you were only asked
| whether you loved the flag and were ready
to fight for it. In 1896 the question is not
whether you are Republican OF n Demo
crat, whether you are IA Populist or a Pro-
hibitionist. The question Is, Do you love
republican institutions and will you help
maintain them We are at the fork of the
road. BY turning To the left we pass per
manently under "A British policy; we go
into the region of dear money and low
prices-into the region of perpetual hard
times for all men who toll; we go into the
region where we will have Turkey, Egypt,
India and Ireland for associates. But II
we turn to the right; II we repudiate
Hanna and his Doodle; IL we respect the
memory of the fathers; II we again declare,
as they did, that we are independent of ev-
cry nation on earth, then this republic will
leap forward on a new career of grandeur
and of glory, career of prosperity and of
happiness career that will elevate the
sons of men and be blessing to the people
of the earth